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Armed Forces Special Powers Act needed in NE: BSF

Bangalore, Mar 6 (UNI) Justifying that ''extraordinary'' situations called for ''extraordinary'' laws, BSF Director General A K Mitra today said the Armed Forces (Assam and Manipur) Special Powers Act, 1958, was indeed needed to tackle the worsening situation in the North East.

Speaking to mediapersons after a function to inaugurate 'Tarang' Auditorium constructed at BSF Signal Training School at Yelahanka on the outskirts of the city, he said special laws were drafted when ordinary laws do not work. ''This Act actually doesn't apply to us as we operate in Manipur under natural laws. However, I feel that there should be checks and balances to ensure that such acts are not abused. This act is not dramatically bad. But may be some three or four amendments can be thought of,'' he opined.

Mr Mitra said the Jeevan Reddy Commission, constituted to study the relevance of the Act, was in the process of making its recommendations and the Act was also under the active consideration of the Union Government.

Stating that the situation in Manipur was bad, he said there were so many militant groups that one had lost count of it. ''BSF has five battalions in the State to counter insurgency. We are also providing security to the mega hydro electric project coming up at Loktak lake. Despite adversities, we are holding on. In Tripura, we are protecting the border and fighting insurgency, though not on a big scale. Situation in Assam is much better compared to Manipur.'' MORE UNI

GoMs to go into coal mining, mineral policy: Cabinet

New Delhi, Feb 22 (UNI) The Cabinet today decided to set up two Group of Ministers (GoMs) to finalise the National Mineral Policy and the issue of coal mining. The members of the GoMs are expected to be announced in a day or two by Prime Minister Manmohan Singh. Under another Cabinet decision, the electrical and engineering units of the Andrew Yule and Company would be hived off, Information and Broadcasting Minister Priya Ranjan Dasmunsi told reporters. UNI.....

Wockhardt Q4 net up 20pc at Rs 87cr

New Delhi, Feb 22 (UNI) Pharmaceutical and biotechnology major Wockhardt Ltd today reported a 20 per cent growth in its net profit at the company's Rs 87 crore for the fourth quarter ended December 31, 2006. Operating profit climbed 44 per cent to Rs 122 crore. While, consolidated sales at Rs 526 crore showed a 44 per cent growth over the corresponding quarter of 2005. The board of directors at a meeting here recommended a dividend of 100 per.....

Biocon launches a basket of renal therapy products

Bangalore, Mar 8 (UNI) Indian biotech major Biocon today announced its foray into the nephrology segment, launching five renal therapy products and aiming to emerge leader in the segment in five years. Biocon Chairperson Kiran Mazumdar-Shaw told newspersons at the launch by Infosys Foundation Chairperson Sudha Murthy that the company would have at least 25 per cent market share in Nephrology medicine in five years. Currently, the market size was Rs 300 crore and was registering a 20 per cent annual.....
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