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No shortage of wheat in country: FCI

Chandigarh, Mar 12 (UNI) The Food Corporation of India (FCI) today stated that there was no shortage of wheat stocks in the country and presently around 45 lakh tonnes of wheat reserves were lying with the government.

The government had to import 55 lakh tonnes of wheat to control the rising wheat prices and not because there was shortage of the foodgrain in the country, FCI Acting Director J P Sharma told mediapersons here.

The wheat imports had resulted in fall of the prices of the foodgrain in the market, he added.

Refering to the forthcoming wheat procurement season expected to commence from April 1, Mr Sharma said the FCI had taken steps for the procurement and storage of wheat in the wheat producing states. In Punjab, the FCI had a storage capacity of 80 lakh tonnes, in Haryana it was 50 lakh tonnes and 15 lakh tonnes in Uttar Pradesh, he added.

Mr Sharma said private companies had been engaged for building two silos for the FCI in Moga in Punjab and Kaithal in Haryana.

These two silos would store two lakh tonnes each of foodgrain, he added.

UNI

Glenmark subsidiary in research tie-up with Dyax

New Delhi, Mar 12 (UNI) Glenmark Pharmaceuticals today said its wholly-owned Swiss subsidiary, Glenmark Pharmaceuticals, has entered into a funded research agreement with US-based Dyax Corp. ''This is a very important step in Glenmark's entry in the field of Novel Biologics Research. Oncology and inflammation are areas of large unmet medical needs,'' Company Managing Director and Chief Executive Officer Glenn Saidanha said. ''Our strategy to supplement NCE research with Biologics Research would allow us to build a strong pipeline in.....

Two-day 'IndieFocus' film festival to begin in Mumbai from Mar 16

Mumbai, Mar 13 (UNI) Baiscope Entertainment Educational Society, an NGO involved in encouraging individuals to make a mark in the film industry is celebrating its first anniversary with 'IndieFocus', a film festival of Independent Cinema from across the globe. The two-day festival to be held from March 16 tO 18 at PVR cinemas in Juhu, North West Mumbai, will have a panel of eminent directors like Anurag Kashyap whose film on 1993 Bombay blasts 'Black Friday' released last month and Oscar.....

Punjab govt increases limit of agri loans in the state

Chandigarh, Mar 12 (UNI) The Punjab government has decided to increase the clean loan limit of state Cooperative Banks for the agri sector from Rs 50,000 to one lakh rupees per acre, with the maxiumum limit being enhanced from four lakh rupees to six lakh rupees per farmer. Disclosing this at a media conference here today, state Cooperation Minister Capt Kanwaljit Singh said although, from time to time, the limits of agri loans by the Cooperative Banks had been enhanced, but.....
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