budget

Indian private companies to venture into Defence territory

12 jun 2007

Indian private companies to venture into Defence territory
India’s defence budget for current year is a mammoth Rs 96,000 crore, of which Rs 27,000 crore is for capital expenditure including acquisition of weapons systems. Till now, 70% of the budget was spent abroad as Indian Public Sector Undertakings (PSUs) couldn’t deliver on research or production fronts.

Cement sector – regaining strength!

22 may 2007

Cement sector – regaining strength!
Rising inflation had forced the Indian Government to play a proactive role in fixation of prices for the cement sector. As a result, the Government had announced a flurry of steps during recent months leading to the fury of the cement manufacturers around the country.