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Nagaland Budget to be presented on Mar 24

Kohima, Mar 13 (UNI) Nagaland budget for the year 2007-2008 will be presented at the Nagaland Legislative Assembly on March 24, official sources said here today.

The 10-day budget session of the 14th session of the Tenth Nagaland Legislative Assembly will commence from March 20, Assembly Secretariat sources said.

While the budget will be presented by Chief Minister Neiphiu Rio, who also holds the Finance portfolio, general discussion will be taken up on March 26.

This will be the last budget of the ruling Democratic Alliance of Nagaland (DAN), as the next General Assembly Election is likely to be held in the month of February next year.

Meanwhile, Mr Rio has convened a meeting of the members of the DAN legislature parties at Kohima on March 19 to discuss about the coming Budget Session.

UNI

Indian Banks to board the train to Pakistan

New Delhi, Mar 12 (UNI) Indian financial institutions are the latest to board the 'train to Pakistan', with the Punjab National Bank throwing the gauntlet for opening a branch or two in the neighbouring country. PNB Chairman and Managing Director S C Gupta today announced that the bank has filed an application with the Indian regulator (RBI) for setting up a branch in Pakistan, which could be in Lahore or Karachi or both. Mr Gupta said the plans to go.....

Lupin gets marketing nod for 'Cefpodoxime Proxetil' in France

New Delhi, Mar 13 (UNI) Drug maker Lupin Ltd today said it has received the marketing approval for generic 'Cefpodoxime Proxetil' 100 mg tablets in France. Lupin will market the product with its French Regulatory agent Venipharm. 'Cefpodoxime Proxetil' is a cephalosporin antibiotic used to treat a variety of bacterial infections. ''This is the first generic approval in France for 'Cefpodixime Proxetil' and Lupin's first significant approval in Europe. We will work with our partners to ensure launch of this.....

UTI Bank

New Delhi, Mar 13 (UNI) UTI Bank today entered into an agreement with India Infrastructure Finance Company Limited (IIFCL) to provide an impetus to the financing of infrastructure projects in the country, whose requirements have been placed at 350 billion dollars in the next few years. "The bank has realised that there are huge opportunities in the field of infrastructure financing which can be tapped in order to offer customised solutions in the area of project advisory, lending, and structured.....
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