Small and medium enterprises (SMEs) are all set to get government's assistance in the wake of ongoing world economic crisis. Government may offer financial help at low rates for increasing growth of small scale industry.
Union Finance Minister, P Chidambaram said that government would take all possible steps to help industry in the hour of crisis. It has already taken many fiscal measures with the help of reserve bank to improve liquidity and increase demand for industry.
Parliament has approved Rs 1.05 lakh crore, besides Rs 6.5 lakh crore proposed in the budget in February. The finance minister also asked for price cut to boost demand amid global slowdown. He said that rupee condition would soon improve following steps taken by government.
Reserve Bank Chairman D Subbarao said that RBI is monitoring the liquidity situation on regular basis and will take more steps to improve liquidity conditions in the financial system. He attended a meeting with finance minister P Chidambaram to discuss market conditions and liquidity situation. The meeting was also attended by ICICI Bank CEO, KV Kamath and union Commerce Minister, Kamal Nath.
The fears of low placement period for management students in the coming months may prove wrong as the summer placements at the Indian Institute of Management, Bangalore, were encouraging. The placement session ended on Saturday.
A total of 24% of the batch of 268 students confirmed positions in consulting firms cutting across finance, strategy and marketing functions. The single largest consulting sector recruiter was McKinsey and Co, which took five students.
Putting their expertise of the homegrown cryogenic technology for rockets to use, Indian Space Research Organization (ISRO) scientists have successfully developed a project which will further enhance their reputation - hydrogen fuel cells to power an automobile bus.
After two years of tedious efforts, the scientists are now readying for the fuel cells to be fitted into a bus. In fact, the first proto-model of the bus is already assembled and is expected to hit the road by next year.
Despite the current economic slump, information technology major Wipro is eyeing to further expand its business footprints in Uttarakhand.
According to the sources IT major is proposing hill state where it has build two units at Haridwar and Kotdwar which have already commenced production.
Small and medium enterprises (SMEs) are all set to get government's assistance in the wake of ongoing world economic crisis. Government may offer financial help at low rates for increasing growth of small scale industry. 
Union Finance Minister, P Chidambaram said that government would take all possible steps to help industry in the hour of crisis. It has already taken many fiscal measures with the help of reserve bank to improve liquidity and increase demand for industry. 
Reserve Bank Chairman D Subbarao said that RBI is monitoring the liquidity situation on regular basis and will take more steps to improve liquidity conditions in the financial system. He attended a meeting with finance minister P Chidambaram to discuss market conditions and liquidity situation. The meeting was also attended by ICICI Bank CEO, KV Kamath and union Commerce Minister, Kamal Nath.
The fears of low placement period for management students in the coming months may prove wrong as the summer placements at the Indian Institute of Management, Bangalore, were encouraging. The placement session ended on Saturday. 
Putting their expertise of the homegrown cryogenic technology for rockets to use, Indian Space Research Organization (ISRO) scientists have successfully developed a project which will further enhance their reputation - hydrogen fuel cells to power an automobile bus.
Despite the current economic slump, information technology major Wipro is eyeing to further expand its business footprints in Uttarakhand.
