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Tuesday, August 31, 2010

Indian economy grows by impressive 8.8 percent in April-June

PTI, New Delhi, 31 August : Economy grew by an impressive 8.8 percent during the quarter ended June on the back of robust manufacturing growth.
However, certain sectors like financial services restrained the growth in economy, which had recorded 6 per cent growth rate in April-June 2009-10. Agriculture and allied activities grew by 2.8%, higher than 1.9% in the year-ago period, but it is nowhere between the target of four per cent pegged by the government in the medium term.
Manufacturing expanded by strong 12.4% in April-June, 2010 against a mere 3.8% growth rate in the same period last year. Construction too grew by 7.5 percent compared to 4.6 percent. Among services, financial, insurance and real estate services expanded by just 8 percent, against a growth rate of 11. READ BBC STORY

Economy will grow not less than 8.5 pc in FY'11 : Pranab
PTI, New Delhi, 31 August : Buoyed by the encouraging first quarter GDP numbers, Indian Finance Minister Pranab Mukherjee today expressed confidence that the economy will grow by not less than 8.50-8.75% this fiscal.
"The numbers are quite encouraging ... more encouraging point is 12.4 percent growth which has been registered in the manufacturing sector. I think the highest growth rate in the last 11 quarters ... I do hope it will be possible to maintain this level of growth," Mukherjee told reporters here.

Militants threaten to blow up KPIs, attack judges, lawyers, police if their 4 leaders not freed
UNB, Dhaka, 31 August : Bangladeshi militants have threatened to blow up important establishments as well as carry out simultaneous attacks on judges, lawyers and police if what they called their four ‘national leaders’ are not freed within the Eid.
The unidentified militant outfit under the banner of ”M.D.M.T” sent an email containing the threat to the Law Commission on 25 August. However, the email did not mention the names of their four national leaders. The Registrar of the International Crimes Tribunal Shahinur Islam told UNB that the Law Commission got the email when it opened it today. He said the police was informed of the matter.
Officer-in-charge of Shahbagh police station Rezaul Karim said he registered a general diary with his police station Tuesday noon. Investigation began to trace out the e-mail senders, he said, adding security which is already in place is enough for ensuring the security of the Supreme Court compound.
One more Maoist surrenders before the police in Jhargram
Jhargram, 31 August : With one more Maoist today surrendering before the police in Jhargram sub-division in West Midnapore district, the total number of Maoists who gave up arms in the state has gone to three in the past one week.
Bibhuti Mahato, a member of the Madan Mahato squad mainly operating in Belpahari and Banspahari area of Jhargram sub-division, surrendered with a single barrel gun before Jhargram's Superintendent of Police Praveen Tripathi.

Asian Development Bank loan for B'desh-India power link
Reuters, Dhaka, 31 August : The Asian Development Bank (ADB) has approved a $100 million for a cross-border electricity initiative between Bangladesh and India that will provide impetus for increased power trading in South Asia.
The funds will be used to build a 40 km 400 kilovolt transmission line, along with a high voltage direct current substation and connecting loop, linking the western electrical grid of Bangladesh with India's eastern grid, the ADB said in a statement on Tuesday. Around 500 megawatts of power are expected to flow into Bangladesh by 2012 as a result of the project, with the possibility of more in the future.

Maoists kill school teacher at a school building in Jhargram
ANI, Jhargram, 31 August : Armed Maoists shot dead a school teacher in Jhargram region on Monday. It has been reported that at least 40 Maoists rounded a school building and fired at Jahar Chalak, who was sleeping on the rooftop.
The relatives of the deceased teacher said he was a member of the CPI(M) political outfit. “Maoists came at around 1am last night and fired some shots. My uncle was sleeping on the roof of the school. When he stood up to see what was happening, the Maoists fired at him and killed him,” said Achinta Chalak, nephew of Jahar Chalak. “The villagers came shouting and running towards the school building. On seeing the villagers, the Maoists escaped.” he added.
The relatives further said the ultras had threatened Jahar Chalak several times earlier due to which he used to keep hiding in the school where he used to teach. An investigation is underway with regard to the killing.

Wanted Maoist arrested in Lalgarh area of West Midnapore
Jhargram, 31 August : Security forces today arrested a Maoist wanted in about eleven criminal cases in Lalgarh area of the West Midnapore district.
CRPF troops apprehended Vibhuti Mahto, a member of the People's Committee against Police Atrocities (PCPA), from Belpahari area of the district, officials said. Mahto has eleven cases registered against him related to loot, murder and dacoity. A pistol was recovered from his possession and the police are interrogating him, they said.

Appejay Logistics to invest Rs 200 crore at Haldia by 2015
Kolkata, 31 August : Apeejay Logistics Park, a 100 per cent subsidiary of Apeejay Infralogistics, will be investing Rs 200 crore at Haldia by 2015.
The first phase has been completed, chairman Apeejay Surrendra group, Karan Paul said. The logistics park would house state-of-the-art warehouse for specialized and break bulk containerised cargo, truck terminal, light processing units, administrative blocks, offices, and residential areas, apart from food courts.

BD committee expresses disappointment with leased out tea garden lands
BSS, Dhaka, 31 August : Bangladesh parliamentary standing committee on Land Ministry today suggested an extensive investigation on irregularities with the leasing out of lands for tea gardens, a Jatiya Sangsad statement said here today.
It said the committee in a meeting presided over by its chairman A.K.M Mozammel Haque suggested formation of a three- member committee comprising two land ministry officials and a Tea Board representative to investigate into the irregularities. The meeting decided that the investigation committee would visit the areas leased out for tea gardens and capture video pictures to record the irregularities, the statement said.
"The standing committee took the resolution as State Minister for Land Mostafizur Rahman described his personal experience about the irregularities saying a large number of plots allocated for tea gardens remained unused or being used for other purposes," an official familiar with the meeting told BSS. The decision came weeks after Prime Minister Sheikh Hasina herself expressed her dissatisfaction about the irregularities with the tea garden plots.