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Modhwadia accuses Modi of painting a false picture of Gujarat

Gandhinagar, Mar 7 (UNI) Leader of Opposition in Gujarat Assembly Arjun Modhwadia alleged that the BJP Government is playing a ''jugglery with figures'' to paint a rosy picture about the state.

Speaking in the House during the general debate on the budget proposals presented by Gujarat Finance Minister Vajubhai Vala on February 23, Mr Modhwadia said yesterday the budget statement has not indicated the break-ups and details of the expenditure.

He alleged that the Modi Government is favouring big industrial houses by going lax in sales tax recovery. He cited the example of a private electricity company which provides power to Surat city and owes Rs 3,000 crore in taxes.

He further alleged that the much-publicised 'Sujalam Sufalam Yojana', aimed at benefitting the rural parts of the state, is facing hiccups. The scheme, introduced in 2004 for a three-year period with an outlay of Rs 6,200 crore, has been infused with only Rs 2,200 crore, he said while alleging that most beneficiaries were government officials.

Another state government scheme 'Kuwarbainu Mameru', which was introduced in 18,000 villages to provide financial assistance to poor girls for their marriage, has been given to only 1,600 beneficiaries, he said.

The Narmada project's distribution canal network has been completed only to 14,000 kilometers against the planned 85,000 kilometers, Mr Modhwadia further said. He also referred to the vacancies in state-run schools saying 15,000 vacancies for teachers have to be filled while 20,000 class-rooms need to be built.

UNI

Historic Madras Stock Exchange looks to re-create glory

Chennai, Mar 7 (UNI) It pales in comparision with its richer cousins -- Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)-- in trade volumes and awareness. But the 85-year-old Madras Stock Exchange(MSE) is all set for a makeover with an eye on upping the volume of business. Once a leading operator of the stock market, volumes on the MSE had fallen to almost nil from February 20, 2007, with the more market and tech savvy BSE and NSE walking away.....

Sundaram-Clayton showcases ABS for commercial vehicles

Chennai, Mar 7 (UNI) Leading global commercial vehicle control system manufacturer Sundaram-Clayton Ltd, has showcased the next generation Anti-Lock Brake System (ABS) for commercial vehicles. ABS system was developed by its joint venture partner WABCO and now being manufactured by the company at their new, state-of-art facility at Ambattur here. During the demonstration, officials from the company claimed that industry leaders had recognised ABS as one of the most significant technology advanced by modern automotive engineering, that would meet.....

TN Govt securities sale

Chennai, Mar 7 (UNI) Tamil Nadu Government has announced the sale of ten-year security in the form of stock to public by auction for an aggregate amount of Rs 414.471 crore. The auction would be conducted the Reserve Bank of India at its Mumbai office on March 13, an official release here said. UNI.....
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