Northeast India Clipings

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Archive for the ‘Regional Economy’ Category

Regional Economy, January 2008

Posted by buraluit on May 2, 2009

Faculties being trained to help develop entrepreneurship

being trained to help develop entrepreneurship
GUWAHATI, Jan 20 – A two-day faculty
development programme on entrepreneurship, organised for teachers and faculties
of universities and colleges concluded on Friday. The programme, organised to
create an awareness about the need and importance of entrepreneurship in present
changing scenario, was sponsored by Ministry of Science and Technology,
Government of India where 22 participants from all over the country
participated. ….more…..
LIC employees seek
recognition of union
 GUWAHATI, Jan 20 – Along with their
counterparts throughout the country, the LIC employees under Guwahati division
observed ‘Defend Public Sector Insurance Day’ on January 18 and demanded
recognition of the All India Insurance Employees’ Association in LICI. The 21st
general conference of AIIEA held at Kanpur from December 8 to 12, 2007 decided
to observe the programme. At Guwahati, the LIC employees working in the
divisional office assembled during recess hours and shouted slogans in defence
of public sector insurance and also demanding recognition of AIIEA in LICI.

Rude behaviour by Canara
Bank official
 GUWAHATI, Jan 22 – The rude behaviour of
the manager of the Canara Bank, Chandmari Branch here shocked a section of its
customers yesterday.It is alleged that when an employee of the Assam Tribune
group of newspapers, who is a customer of the branch almost since its inception,
approached the manager for a cheque book containing 50 leaves, he straightway
turned down the plea. Instead of clarifying the reason behind he simply said it
was his discretionary power as he is the boss of the office. ….more…..
Interim relief for
Tribune employees
 GUWAHATI, Jan 24 – The management of the
Assam Tribune
group of newspapers today told a delegation of the Assam
Tribune Employees Union (ATEU) that it would be paying an interim relief of Rs
1,000 per month to the group’s employees with effect from the current month. The
announcement to this effect came in its meeting with the ATEU delegation here.
Publishers’ award for
Barkataki Company
 GUWAHATI, Jan 25 – Barkataki Company, a
leading publisher of religious books, alamanac etc. of the State has been chosen
for the Publishers’ Award of the Federation of Indian Publishers, a press
release said. The award will be received by the managing director and the
chairman of the company, Jyoti Prasad Barkataki at the ninth conference of the
federation to be held at the Islamic Cultural Centre, New Delhi on January 31
next. ….more…..
Branch of Indian Bank
inaugurated at Tinsukia (SEN_28_1_k8)
 TINSUKIA, Jan 27: For the first time a
Branch of the Indian Bank was inaugurated at Tinsukia opposite of the Old
Railway Station recently. Dr KK Dwevedy, Deputy Commissioner inaugurated the
branch. Speaking on the occasion chief guest, Dr KK Dwevedy said that the newly
inaugurated branch is going to help the people of the Tinsukia town economically
and commercially. ….more…


strike today (IFP_25_1_k8)

IMPHAL, Jan 24: Employees of all commercial banks functioning in the state,
including the State Bank of India, will go on strike for a day today as part of
an all-India token bank strike. As per a statement issued by the United Forum of
Bank Unions, Manipur state committee, the one-day token bank strike has been
called in order to press altogether six major demands raised by bank employee
unions. ….more…..

IT expo opens

IMPHAL, Jan 17: The 2nd Information Technology Expo 2008 was opened today by
the education minister, L jayanta Kumar at Nupilal Complex and the president of
the All Manipur IT Organisation (AMITO), Arun Laishram. The expo is being
organised by the AMITO. Speaking at the opening function, L Jayanta Kumar, who
graced the occasion as chief guest, said that it is imperative for the younger
generation to keep abreast of the progress in science and technology. In this
competitive age it is important for the youth of our state to enhance their
computer skills. Keeping this in veiw the state government is trying to give
computer education in all the government schools. ….more…..

Bodoland Book Fair from January

 ROWTA CHARIALI, Jan 20: As has been decided earlier, a weeklong
programme of the Sixth Bodoland Booik Fair 2008 will be commencing from January
21 to January 27 at Durga Puja Mandap udalguri, Udalguri. Khampha Borgoyary,
Deputy Chief, Bodoland Territorial Council (BTC) will be the chief guest of the
opening ceremony, Hagrama Mohilary, chief of BTC, Asom Agriculture Minister
Promila Rani Brahma, Tarun Boro, vice president, Bodo Sathiya Sabha (BSS), has
been kindly consented as the chief guest, special guest and appointed speaker of
the ensuing Bodoland book fair of Udalguri here, the release said.

Bird flu affecting
sale of chicken in Guwahati (SEN_21_1_k8)
 GUWAHATI, Jan 20: The news of the rapid spread of bird flu across
the neighbouring State of West Bengal has also affected the sale of chicken in
the city.
The vendors have lamented that the number of chicken consumers in Guwahati has
decreased to a great extent. It is worth mentioning that the price of the local
variety of chicken had increased to almost Rs 120-130 during the Uruka and the
Magh Bihu celebrations a few days ago. ….more…..

Bank loan collection
camp held at Rowta(SEN_25_1_k8)

 ROWTA CHARIALI, Jan 24: Under the auspices of Asom Gramin Bikash Bank,
Rowta Chariali, Majbat, Orang and Dalgaon branch, a central level loan
collection camp was recently conducted along with an awareness meeting at Bodo
Indigenous Cultured Complex (BICC), Rowta Chariali. The awareness meeting was
held under the presidentship of Tikaram Sharma, chief volunteer, Dhansiri
Krishak Sangha. Participating in the meeting, Monoranjan Goswami, Anchalik
officer of Asom Gramin Bikash Bank (AGBB) said that the bank was created after
uniting four Gaonlia banks in 2006 and explaining the aims and objectives of
AGBB, he reiterated that the bank has greatly benefited the people of Asom. He
further added that striving for economic development is a main aim of AGBB and
to that effect outlined the different merits and demerits of taking a loan from
a moneylender and that from a bank. ….more…..
Thai Government to invest in
AGARTALA, Jan 24: The Thailand government has accepted the proposal
to conduct ‘exchange tour operators’ delegations with the North-east India and
strengthen tourism desk in Thai embassy at New Delhi. Official sources said here
today that Thailand Deputy Industry Minister Piyabutr Cholvijarn along with his
delegates from both public and private sectors visited Sikkim, Arunachal Pradesh
and Asom in the second week of January to strike the deal. Earlier, Thai
Commerce Minister Krirk-Krai Jirapaet visited Tripura, Asom and Meghalaya to
promote and strengthen investment in the Northeast and exploring its trade
potentials. ….more…..

Promise of good
bargains at expo(TEL_31_1_k8)

– Artfed
organises fair to showcase best of handloom products (TEL_31_1_k8)

Jan. 30:
If you have been wanting that traditional handwoven Bodo shawl for long but been
repulsed by the price quoted at the city handloom fair, it won’t be a bad idea
to plan a trip to Kokrajhar for some quality bargains at the Special Handloom
Expo from Friday. The expo at Rashmela Pathar not only promises to be a riot of
colours and designs on traditional textiles, but also the place to buy the
choicest of handloom products at the best prices. The event has been organised
by the Assam Apex Weavers and Artisans’ Co-operative Federation Ltd (Artfed) in
collaboration with the development commissioner for handlooms. The department
for welfare of plains tribes and backward classes is the sponsor. ….more…..

NE yet to tap insurance
sector boom, claims expert
By A City Reporter
 GUWAHATI, Jan 1 – “Ever since the insurance sector in the country was opened up
to private companies about seven years ago, there has been tremendous growth in
the volume and area of operation of the insurance sector. But the same growth
has not touched the North East in a big way for want of trained personnel in
insurance business.” This was expressed by KK Dutta, Director of Insurance
Academy during a discussion with Jayanta Madhab, adviser to the Chief Minister
of Assam.

Guwahati Home Fair ’07
GUWAHATI, Jan 1 – The AREIDA Guwahati Home Fair’07, the first of its
kind show in the North-east organised by the Assam Real Estate & Infrastructure
Developers Association (AREIDA) concluded successfully here on Monday. The fair
was managed, which began from December 24 at the State Veterinary College ground
situated at Khanapara was managed by Epitome Communications. On the penultimate
evening of the fair, an award function titled as “AREIDA Builders Choice Awards”
was organised, wherein builder members of AREIDA and other end users voted and
selected their most preferred brand of products. While Star Cement bagged the
most preferred cement brand award, Topcem and UT Cement got second and third
most preferred cement brand award respectively. Most preferred Steel company
award went to Satyam TMT, while Biscon and Saiji TMT stood second and third in
the preference list. ….more…..
CRU demands 8-hour shift(AST_2_1_k8)
GOALPARA, Jan 1 – Medical and Sales Representative Union, CRU of
North Eastern region, organised a meeting demanding eight hours’ working shift
for them, at truck owners’ building in Goalpara town recently. All sales and
medical representatives of the district and outside attended the meeting. Dr AK
Thakuria, Dr NM Das, Dr BK Bordoloi, vice-president CRU, Manjul Sakraborty, BLNL
executive president Bongaigaon, Ashini Chou-dhury and members of Goalpara Press
Club were invited guests.

MCCI book
on trade regulation, VAT released
 AIZAWL, Jan 1 – Mizoram Trading Regulation and Value Added Tax, a
book published by the Mizoram Chamber of Commerce and Industries was released by
the MJA president K Sapdanga at the Aizawl Press Club here recently. Giving an
overview of the book, R Thangmawia, MCCI president, said although trading
regulation is yet to be put in place after the Trading by Non-Tribals
regulations expired in the State in 1977, the State Government has issued 144
permits to non-tribals to run trading establishments in the State while those
who can do so are only about ten firms whose family had been given permission to
operate in Mizoram since the time of the British.

Guwahati Book Fair drawing big

 GUWAHATI, Jan 2 – As a redeeming feature, the 22nd edition of the
Guwahati Book Fair has been an instant hit with the book lovers, despite the
billowing smoke of violence engulfing the State. The fair, which started on
December 30 last at the Chandmari ground of the Assam Engineering Institute (AEI)
here with a 12-day programme, has been attracting around 12,000 visitors every
day on an average. Meanwhile, the United Bank of India (UBI) has announced a
special loan scheme for the benefit of the book lovers visiting the fair.
According to Publication Board of Assam (PBA) Public Relations Officer (PRO)
Sushil Goswami, the bank will instantly sanction a loan to the tune of Rs 5,000
at the most, instantly against the security of UBI term deposit in any city
branch, National Savings Certificate (NSC) and Kishan Vikash Patra (KVP).

Stock Exchange AGM(AST_4_1_k8)

The 23rd annual general meeting (AGM) of Guwahati Stock
Exchange (GSE) was held on December 29 at the Hotel President. Dr Shyam Bhadra
Medhi, chairman of the Stock Exchange, in his annual report emphasised the need
for public awareness on Stock Exchanges. RS Joshi and Santikam Hazarika also
spoke about the activities of GSE – and its roles. R C Choudhury, GM, GSE
answered to various querries of the members, stated a press release.
Banks urged to gear up sanction(AST_5_1_k8)
 GUWAHATI, Jan 4 – A joint meeting of the district consultative
committee and district-level review committee of Kamrup and Kamrup metropolitan
district was held today in the conference hall of the Deputy Commissioner’s
office here in the presence of various bank officials, including Reserve Bank of
India and other State Government officials of development departments, an
official release said. ….more…..

Indefinite oil field blockade
From A Correspondent
 NAZIRA, Jan 4 – In a bid to protest the callous attitude of the ONGC in paying
heed to repeated pleadings by the local public to repair a steel bridge on the
Nazira-Geleky road, several exasperated organisations have jointly resolved to
organise an indefinite oil field blockade programme from 5 am tomorrow. It may
be mentioned that a steel bridge on that road near Hatipati was damaged and
subsequently closed for vehicular traffic while the public of nearby areas were
facing major trouble in surface communication from December 22.

Meet voices concern over
sluggish loan repayment
SIPAJHAR, Jan 4 – Poor recovery of loans has caused great
inconvenience to the banks for recycling their funds for further lending, thus
resulting in unemployed youths being deprived of the facility, said Babul Borah,
regional manager of Assam Gramin Vikash Bank. He was addressing a meeting
organised at Hatimuria gaon, on the occasion of its inauguration as a model
village. He informed that the bank will adopt strategies for all-round economic
development of the village. ….more…..
NE investment summit from Jan

By A Staff Reporter
 GUWAHATI, Jan 6 – For the first time, leading companies and NRIs from nine
foreign countries will soon explore opportunities together in Assam and its
adjoining States for their future investments. The countries including the USA,
UK, Austria, Singapore, UAE, Australia and Switzerland are participating in the
‘North East India Investment Summit’ beginning from January 11 in Guwahati. The
two-day summit has been organised by the Confederation of Indian Industry (CII)
to woo foreign investments in the region and to project the region as
investment-friendly. ….more…..

Banks yet to address needs of
downtrodden: Mukhim
GUWAHATI, Jan 6 – “If the banks desire to contribute to the cause of
the downtrodden, they should come to the people rather than waiting for the
people to approach them. With increasing computerization and the technical boom,
the banks have started to lose the human sprit.”  This was expressed by
Padmashri Patricia Mukhim, noted author and columnist, while delivering the
inaugural speech of the seminar on ‘Relevance of banking in the uplift of
downtrodden’ here today. ….more…..

State innovator develops new
hybrid car(AST_8_1_k8)

By Surajit Khaund
 GUWAHATI, Jan 7 – ‘Kanso’, a new hybrid car has been developed in Guwahati. The
100-cc two-seater car is the latest innovation of Kanak Gogoi. The youth has
already developed eco-friendly bikes, hovercraft and tricycles that have drawn
worldwide attention, including leading automobile companies. What is more
significant is that the Centre Bits and Atom, a US-based organisation, has
extended financial assistance to Gogoi for setting up of a new digital lab for
developing his new innovations.
“Kanso is a new concept car which does not have any gear. Altogether four solar
panels have been used to generate 320 watt and it will run on solar energy and
petrol,” Gogoi told this correspondent today. According to him the new car will
be useful for Guwahati roads considering the growing traffic snarls.

Deluge of
newly-released books at ongoing book fair
GUWAHATI, Jan 7 – There is a deluge of books just fresh from the
printing press at the ongoing 22nd Guwahati Book Fair. On Monday, readers were
introduced to several new books, which were released by prominent citizens at
the book fair ground. Karnal Anthonir Epitaph Aru Annanya Galpa, written by
Prasanta Rajguru, was released by noted playwright Arun Sarma. On the other
hand, Dr GP Sarma released the book titled Meji Jalil Esho Satjanar by Bedabrata
Mishra. ….more…..

Bank meet highlights importance
of thrift
 TIHU, Jan 8 – A special public meeting was organised on December 20 by
the UCO Bank brnach here for opening saving and current accounts. The meeting
was held at Tihu Gandhi Bhawan with Lohit Talukdar, former princial of Tihu
College in the chair.
Earlier, Kiranmoni Bordoloi, manager of the Tihu branch, explained the
objectives of the meeting. HP Satpathy, deputy general manager of UCO Bank,
speaking as the chief guest, highlighted different positive aspects of thrift
and assured customers of according financial aids by way of sanctioning loans
for development of different streams undertaken by entrepreneurs.

National Consumers Protection
Week observed at Silapathar
SILAPATHAR, Jan 8 – The National Consumers Protection Week was observed
with a week-long programme from December 24-31 at Silapathar under the aegis of
Silapathar Regional Consumers Protection and Right Forum. In connection with the
week-long programme, a public meeting was held at Silapathar Commerce College on
December 26 under presidentship of Yudhadhar Pegu.

Gramshree Mela (AST< 10-1-k8)

Under the
aegis of Asom Centre for Rural Development, a Gramshree Mela has been organised
at Seniaram School Boarding Field, Rinsukia. The Mela was inaugurated by the
Deputy Commissioner, Dr KK Diwedi by lighting a lamp on December 18 last. Stalls
of Self-help groups and other organisations from


reviews gas cracker progress(AST,11-1-k8)

 GUWAHATI, Jan 10: Chief
Minister Tarun Gogoi on Wednesday reviewed the progress of the gas cracker
project with top officials. An official release said the CM was apprised of
various developments. – Staff Reporter

12-day city
book fair ends on a happy note
 GUWAHATI, Jan 10 – The 22nd Guwahati Book Fair ended on a happy note
today both for the organisers – numbering over 100 and coming from different
part of the country – and the participants. The 12-day fair, which started on
December 30, was visited by over 20,000 book lovers per day as per the records
of the entry tickets’ sale. “The overall response was far better than last
year’s; both in terms of footfall and sales,” said Dilip Kr Dutta, assistance
secretary of the Publication Board Assam, the organizers of the fair. “Due to a
shift of venue from the specious Judges’ Field, the fair suffered a setback
initially, but it seems that book lovers have accepted the new venue,” he added.

State youth’s success

 GUWAHATI, Jan 12 – Believe it or not, a youth from the State who
went to Austria to do a postgraduate course in hotel management in 1989, is now
the owner of a hotel management company in that country and a four-star hotel in
Gotzis city there! He is Yasobanta Mahanta. He hails from Helem in Sonitpur
district. He did his B Com from Gauhati University appearing from the Gauhati
Commerce College and then went to Chennai. In that South Indian city, he
completed a three-year course in hotel management. And then in 1989, he sailed
for Austria. ….more…..

Brisk business at pre-Bhogali
GUWAHATI, Jan 12 – Keeping true to its tradition of adding more
colours to the festival of homemade delicacies on the occasion of Bhogali or
Magh Bihu, NEDFi has organised the pre Bhogali Mela, which is attracting
visitors.A total 65 stalls from various places across the State have come to
participate in the fair with a collection of Bhogali Bihu related items and
other eatables. NGOs, self help groups, small industries, individuals and a host
of participants coming to this mela have gathered in this platform to make this
Bhogali Bihu as authentic and close to the Assamese tradition as possible.

NRL receives National Safety
Council Award
 GUWAHATI, Jan 12 – NRL  received  the prestigious  ‘Shrestha
Suraksha Puraskar’ for the year 2006 from the National Safety Council, an apex
autonomous body set up by the Ministry of labour for developing and leading the
voluntary movement on safety, health and environment. The award, which comprises
a citation and a certificate was presented to NRL by the Union Minister of
Labour & Employment, Oscar Fernandes  at a glittering function held in Nehru
Centre, Mumbai on January 8. GM (Operations) NRL, Dhananjoy Ghosh, chief manager
(Fire & Safety), NRL Pankaj Kr Baruah, and general secretary of NRL Worker’s
Union, Jagadish Ch Sarmah received the award on behalf of NRL. Started in 1998,
this award is given to organisations for achieving outstanding occupational
safety and health performance and implementing effective management systems and
procedures. ….more…..

Loans disbursed among
unemployed Bongaigaon youths
 GUWAHATI, Jan 13 – Under the Employment Generation Mission (EGM) of the
State Government, Asomi, a leading NGO of the Northeast, has started sanctioning
and disbursement of loans after training of unemployed youths for setting up of
viable economic activities, a press statement said. The handing over of sanction
letters was organised at a function held at Mulagaon in Bongaigaon district on
January 7. The selected trained beneficiaries were provided loans through
formation of joint liability groups. ….more…..

CM to woo investors
in Hyderabad(AST_15_1_k8)

GUWAHATI, Jan 14 – Chief Minister Tarun Gogoi today left for
Hyderabad on a fiveday visit, during which, he will make efforts to attract
investments to Assam in the fields of information technology and health.
Official sources termed the visit of the Chief Minister as “official cum
personal”. Sources said that Gogoi would visit the Indian School of Business
tomorrow morning before leaving for Tirupati.

Frequent bandhs telling on oil

GUWAHATI, Jan 14 – Frequent bandhs, road blockades and activities of
the militant groups have severely affected functioning of the oil industries in
Assam in recent times and as a result, the production is affected and the State
is losing huge amounts of revenue. Oil industry sources told The Assam
that as drilling sites are usually located in remote and isolated
places, security of the personnel engaged in crude oil production has also
become a matter of concern and there have been instances of attacks on vehicles
of the oil companies by miscreants, particularly during the bandhs and road
blockades. ….more…..

 Investors wary of investing in
NE due to insurgency: Lapang
 SHILLONG, Jan 14 – Major potential investors, who had shown interest to
make investment in Meghalaya, are turning back from their commitment due to the
insurgency problem in the North East region, according to Chief Minister DD
Lapang. “There is a need to ward off the fear psychosis among people from
outside about the North East region by taking the responsibility of improving
the law-and-order situation,” Lapang said at a function here last night.

IT raids in city(AST_18_1_k8)
 GUWAHATI, Jan 17 — The IT Dept conducted raids on houses of businessmen
in Athgaon and Fancy Bazar areas today. Sources said property worth several
lakhs of rupees is likely to be seized in the next couple of days. –

in NE remains lowest in country(SHT, 8-1-k8)


Despite constant criticism, the
credit-deposit ratio (CDR) of banks in the North Eastern region remained lowest
in the country, according to official sources here on Monday. The incremental
CDR in North East India registered a decline from 31.2 per cent in March 1997 to
26.8 per cent in March 2003, according to Reserve Bank’s report on Trend and
Progress of Banking in
2007. A similar trend was witnessed in the central and eastern regions, the
report said.

Couple to be awarded ‘best hawker’ in



A 39 year old Kangabam Ongbi Grace Devi and her hubby Kangabam Sanahal have been
jointly selected for the award of Best Hawker by an evening paper Kangleipaki
published from the state capital in connection with its foundation day
to be held on January 16 in Imphal.


pushes IPO boom in city(SHT_18_1_k8)


While Meghalaya is being rocked by the controversial power deal as most people
are unsure on the potential and capacity of privates companies to develop the
power projects in the State, paradoxically, majority of the people especially in
the city are confident on Reliance Power and are investing over-subscribing its
Initial Public Offerings (IPO). Over a thousand applications were received at a
local broker’s office in Shillong. This is for the first time that a local
broker’s office received such a large number of applications for a company’s

Credit scheme launched for

Shillong: The Commonwealth Youth Programme (CYP), Asia Centre on
Monday launched a micro-enterprise and economic development programme which aims
to provide financial assistance to local entrepreneurs from the under-privileged
families. Under the programme, the CYP will give financial assistance to 30
youth including those from Sohra, Jowai and Smit, through Impulse NGO Network.

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