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South West monsoon revives in Orissa

Bhubaneswar, Aug 03 (UNI) The Southwest monsoon has become very active in some parts of Orissa, after remaining weak for the last two weeks.

Met office sources here today said the current meteorological conditions and interpretation of various numerical weather prediction models had suggested a revival in monsoon activity over the state.

A low pressure area is likely to form over northwest Bay of Bengal on August four along with a southward shift in monsoon trough. The low pressure area is likely to become more marked and move slowly in a west north westerly direction, Met sources said.

Under this scenario, isolated heavy to very heavy falls are likely to occur over Orissa while a fresh low pressure area over northwest Bay of Bengal is likely to be formed from August 11 onwards, Met sources said.

UNI

FIPB clears 17 FDI proposals worth Rs 576 crore

New Delhi, Aug 3 (UNI) The Foreign Investment Promotion Board (FIPB) has cleared 17 FDI proposals totalling Rs 575.83 crore, which includes a Rs 202 crore proposal of MTV India Private Ltd and a Rs 88 crore proposal of CR Seats India Pvt Ltd. The MTV proposal is for securing advertisements and for distribution of its channels on various platforms, including cable and DTH, film production, film distribution business, marketing and related services and payment.....

Tata Steel buys 35 pc in Riversdale's coal project

New Delhi, Aug 3: Tata Steel Ltd today said it has acquired 35 per cent stake in Australia-based Riversdale's coal project for Rs 345 crore. Riversdale Mining Ltd and Tata Steel have entered into a memorandum of understanding (MoU), whereby the company will become a strategic investor in Riversdale's Mozambique Coal project, it said in a statement. The hard coking coal derived from the project will be supplied to the Corus facilities in.....

India Bangladesh to set up mechanism to combat terrorism

New Delhi, Aug 3 (UNI) India and Bangladesh today strongly condemned terrorism and extremism and agreed to constitute new institutional mechanisms for enhanced cooperation to combat the menace and take 'swift action' on information received about fugitive elements taking shelter in either country. Home Secretary Madhukar Gupta and his Bangladeshi counterpart Mohammed Abdul Karim signed a Joint Statement in this regard after the completion of two-day Eighth Round of Bilateral Home Secretary level talks between the.....
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