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S Korean town expects IOC support in sprawl-cut plan

SEOUL, Sep 13 (Reuters) The South Korean town campaigning to host the 2014 Winter Olympics expects the IOC to back its plan to make the Games more centralised by slashing the number of locations it will hold events from five to two.

Pyeongchang, a rustic town in mountainous Kangwon Province on the east of the peninsula, is bidding again to host the Winter Olympics after narrowly losing out to Vancouver, Canada, to hold to 2010 Games.

It had planned to hold events in five places. This week, it said it had changed its plan and aims to hold events in two places located about 30 minutes apart -- saying too many locales make transport for athletes, officials and spectators inconvenient.

''I am actually comfortable with the reaction the IOC might have for our change, because the IOC has said the more compact plans are better,'' Kim Jin-sun, Kangwon Province governor and executive president of the bid committee told an Olympic news Web site.

''The job of a host city is to create the best conditions for athletes. That's why we are presenting this more compact concept,'' Kim said in an interview with Around the Rings posted yesterday.

''The decision came when I was visiting Torino for the Olympic Games. I travelled a lot. I learned a lot. And I made a decision to make these changes,'' he said.

The International Olympic Committee (IOC) in June named Pyeongchang, Salzburg, Austria and Russia's Sochi on its shortlist to host the 2014 Games. The host city will be chosen in July 2007.

Asia has hosted only two Winter Games, both in Japan -- Sapporo hosted the 1972 Games and Nagano the 1998 event.

REUTERS PDS DS1420

Ashwani Kumar nominated to PM's HLCM

New Delhi, Sep 13 (UNI) Government has nominated Minister of State for Industry Ashwani Kumar to an Empowered Sub-Committee of the High Level Committee on Manufacturing (HLCM). The Empowered Sub-Committee will monitor the follow up action on implementation of the decisions taken by the HLCM and will be responsible to formulate, review, and approve policy papers and proposals for submission to the HLCM. It will act as the main executive body of the.....

UTI launches Wealth Builder Fund

Bangalore, Sep 13 (UNI) UTI Mutual Fund announced the launch of a new scheme +UTI Wealth Builder Fund+ a close ended equity scheme with a maturity period of five years with automatic conversion into an open-ended scheme upon maturity. Speaking to media persons fund manager Harsha Upadhyaya said the units which were on sale could be bought till October 11. The objective of the scheme is to achieve long term capital appreciation by investing predominantly.....

16 hurt in jail violence

Ujjain, MP, Sep 13 (UNI) Sixteen inmates have been injured in violence at a sub-jail at this district's Khachrod area. One of the victims of yesterday's clash was admitted last night to the government hospital here and was stated to be out of danger. Intermittent disputes were going on for several days between the people accused of murdering Nagda Industrial Area's Congress leader Dileep Sharma with a rival group. ''Inmate Arun Nair was hospitalised. Prison.....
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