AP To Alter Coop Society Act
To avoid unnecessary litigation in the divestment processes, the Andhra Pradesh government has proposed to amend the Cooperative Society Act, enabling the cooperative societies to know on the proposed disinvestment of their societies. Addressing a press conference in Hyderabad on Wednesday, Mr D K Panwar, chairman of Implementation Secretariat, said the state government has intended to alter Section 12A of the Cooperative Society Act, as per the directions from AP High Court in an earlier case. According to him, the state government will inform all the cooperatives (sugar, spinning, dairy) on the government's decision to put the respective cooperatives under block, giving reasons such as government's stake, the financial position and the reason for not reviving the same.
JGEPC To Launch Diploma Course
The Gem and Jewellery Export Promotion Council (JGEPC) plans to set up a state-of-the-art school for providing diploma courses in training for basic craftsmanship upto design management level for precious stones. Disclosing this to media persons at a press conference in Chennai on Tuesday evening, council member Mahesh Rao, said the council would invest Rs 15 crore in the school which aimed at providing a scientific approach to diamond identification and grading and jewellery design.
Plan To Grow High Value Spices
In view of the export potential of high value spices, the Spices Board proposed to grow herbal spices in 50 hectares of land in certain areas of Tamil Nadu, Karnataka, Kerala and north eastern states during the Tenth Plan period. The programme is proposed to be implemented with the assistance of state governments and NGOs, Spices Board sources said. A subsidy of Rs 20,000 per hectares towards 40 per cent of the cost of planting material at a total outlay of Rs 10 lakh was being planned. The spices like rosemary, thyme, parsley and oregano are to be taken up for cultivation in the programme.
Blue Dart Buys Another Aircraft
Blue Dart, a major courier company, has acquired its fourth aircraft for expanding its business in the South India, a top company official said in Chennai on Wednesday. Gopa Kumar, vice president (south), Blue Dart, told a press conference that it proposed to spend $8 million during the current fiscal for its business expansion. Of this amount, $3 million had been earmarked for setting up of new branches and for speeding up its delivery system, he said. In a bid to make South as its business hub, the company had stationed two of its aircraft in Chennai and one at Bangalore, he said.