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Utilisation of funds under NREGS declined in 2008-09
The utilisation of funds under the National Rural Employment Guarantee Scheme (NREGS), the flagship programme of the United Progressive Allinace (UPA) government, declined to 75 percent in 2008-09 from 82 percent in 2007-08.

BSNL keeps 'fresh bids' option open in expansion project
State-owned BSNL today said it was negotiating hard with telecom equipment suppliers — Ericsson and Huawei — for its Rs 32,000 crore project, to expand GSM network by 93 million lines, but has kept open the option for re-inviting bids if the talks lead nowhere.

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Barclays Capital appoints Matthew Ginsburg
Barclays Capital, the investment banking division of Barclays Bank PLC, has appointed Matthew Ginsburg as Managing Director and Head of Investment Banking, Asia-Pacific.
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Victoria Premier invites India businessmen to invest

Premier of Australia"s Victoria provience, John Brumby said victoria was one of the attractive destinations for trade and business investment and opportunities and invited Indian companies to invest and expand their global operations in Victoria. - Brumby criticised back home for not discussing Indian fugitive - 129 students, mostly Indians, will be displaced from Australian college - Tata Power scouts for coal blocks abroad - India disappointed with Brumby"s decision to skip Mumbai - Rudd warns Indians not to take law into their hands - Attack on Indians: Victorian govt to give more powers to police During an interaction with members of the Association of Biotechnology Led Enterprise (ABLE) and Nasscom, he said, "Our government"s focus on innovation, biotechnology and Information and Communications technology means that Victoria"s two-way relationship with high tech Indian can only grow." "Forging strong links with Indian-high tech business delivers jobs and opportunities for Victorians in the global hi-tech economy", he said. Brumby who is in the city for two days is scheduled meet Chairman of Wipro, Azim Premji, and with board members of Infosys, which recently announced an expansion of operations in Melbourne. Brumby today met N S Narendra Chairman and MD of Firepro Systems to discuss the company"s continued growth in Victoria. Brumby said his meeting with leading technology firms were part of the governemnt"s strategy to engage with India"s leading technology firms. The Victorian Premier would meet Indian business representatives over the next two days here to discuss investment and trade opportunities with Victoria, facilitating the expansion of their global operations of these companies.


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