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Revival plan of HSL
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Sammakka-Sarakka jatara brings business for Anakapalli jaggery traders
Jaggery prices moves to Rs. 115 per kg
Security failure in Coramandal Fertilizers Factory
Rs.3.50 lakh worth of iron items looted
Bauxite mining issue gaining momentum again
Tribals launch seven days padayatra
Essar Steel acquires US Steel company
Estimated reserves of 1.4 billion tonnes of iron ore
ONGC Human Resources Meet begins at Visakhapatnam
Chairman stress importance of HR in business
Visakhapatnam, February 5, 2007BHEL-BHPV merger process to commence in April
The INTUC national president and Rajya Sabha member G Sanjeeva Reddy speaking to media on Monday has said that the BHEL will manager and finance the BHPV for two years and later effect the merger. The process will start in the month of April according to him.
He further said tight negotiations are on for financial reconstructing of Hindustan Shipyard Limited (HSL). Talks are also on with the ministries of Finance and Shipping to cut down the interest rates and convert HSL loans into capital. He stressed the need to cut down the export of iron or to countries like China and Japan to protect the Indian Steel Industry.
He demanded implementation of Arjun Sen Gupta Committee recommendations for the unorganized sector which will cost the Central Government Rs. 36,000 crore in the coming ten years. He stated that the regular workers are ready to contribute one percent of their basic salary and the rest to be contributed by the managements, State and Central Governments.
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