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ICICI, Subhiksha launch food card

New Delhi, Mar 16 (UNI) ICICI Bank, India's second largest bank, in association with discount retail chain Subhiksha has launched Food Card, targeted as an alternate to meal allowances given to employees by companies.

The pre-paid card will be accepted at all Subhiksha outlets and select restaurants. It is reloadable on monthly basis.

The card is first being launched in Delhi and would soon be available in Mumbai, Hyderabad, Bangalore and Gujarat.

Ms Shanta Vallury, Deputy General Manager, Corporate Payment Solutions Group, ICICI said, ''Today, plastic money has established itself as one of the most convenient ways to access and spend money, and we are delighted to offer a solution that helps cut down the hassle of carrying cash.'' ''For us, this is another step forward in reaching out to diverse sets of consumers by offering additional value and making Subhiksha the preferred supermarket destination,'' Subhiksha Managing Director R Subramaniam said.

UNI

Congress critises the state government on drought situation

Bijapur, Mar10 (UNI) Three senior Congress leaders of Karnataka have come down strongly on the State Government for failing to tackle the drought condition effectively. The leaders, Dr V Parmeshwar, Dr Chandrashekhar and Mr C R Sageer Ahmed who had come here to study drought conditions told reporters today that government had totally failed to tackle the situation. They said Union Government had so far released Rs 480 crore to the State under various heads for relief works. Apart from this,.....

Indo-China trade surplus to touch $6bln

New Delhi, Mar 16 (UNI) A Chinese official today said it expects the trade surplus between the two countries to reach six billion dollar with the increasing volumes of trade in small and medium enterprises. ''Bilateral trade between the two countries is increasing, specially imports by India, which drew four billion dollars last year and this year we expect it to go up to six billion dollars,'' Department of Commerce of Yunnan Province Deputy Director General Li Jiming told UNI.....

Sugar industry faces grim situation: Pawar

Bangalore, Mar 10 (UNI) Sugar sector in India is in dire straits followed increased global production with huge stocks starking the industry Union Agriculture Minister Sharad Pawar said today. Delivering his inaugural address at a two-day National Seminar on "Mechanical Cultivation of Sugar cane and Safety Quality Management in Sugar Industry" here he said as against a requirement of 19 million tonnes, the country today produced 28 million tonnes. Leading producers Brazil, Australia, Thailand and South Africa have increased production manifold.....
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