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Slum reduction key to urban development: APSA
At a time when cities are looking at improving transport and residential properties for urban development, the Asian Planning Schools" Association (APSA) concluded on the first day of its 10th International Congress held at Centre for Environment Planning and Technology (CEPT) University that the key lies in reducing number of slums as well.

Cement prices set to rise in western, southern regions
After increasing prices in November, cement manufacturers seem set to effect another round of hike soon in western and southern regions due to shortage of wagons, analysts said.

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'China will snatch our market from us'
Atul Sobti took over as the chief executive officer and managing director at Ranbaxy Laboratories, six months ago. He wants to make Ranbaxy (now owned by Japan’s Daiichi Sankyo) the largest drugseller in India, a market that is price-controlled, but growing. This focus on the domestic market is not due to the problems that the company has been facing in the US, he tells Vandana Gombar and Joe C Mathew in an interview where he also makes a case for direct subsidy for medicines instead of price controls. Excerpts:
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IOC to supply cleaner petrol, diesel to 13 cities from Apr 1

Indian Oil Corp, the nation"s largest refiner, and other state-run refiners will supply Euro -IV grade petrol and diesel in 13 big cities from April 1, but supply of the cleaner fuel to rest of the country may be delayed by three to six months. - IOC hires banks for first overseas bond sale - IOC appoints three merchant bankers - IOC wants 50,000 acres for biofuel cultivation in UP - Cash for OMCs to cut losses - Biodiesel producers agree to cut price, OMCs find it too high - IndianOil takes BOOT route for Paradip While petrol and diesel meeting the stringent Euro-IV specifications are to be supplied in 13 cities, including Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad and Ahmedabad from April 1, 2010, Euro-III grade fuel is to be supplied in rest of the country from that date. v"We have no problems in supplying Euro-IV petrol and diesel in 13 notified cities. But we have problems regarding Euro-III," IOC Chairman Sarthak Behuria said here. Since some refineries would not have upgraded to produce cleaner fuel by then, the three companies are seeking extension in the deadline for supply of Euro-III fuel, he said. "Petroleum Secretary (R S Pandey) has called a review meeting this week. We will know the next course of action then," he said. IOC"s Barauni refinery in Bihar and Digboi and Guwahati units in Assam faced about six-month delay in commissioning facilities to produce Euro-III norm compliant diesel. Its Koyali unit in Gujarat was one month behind while Hindustan Petroleum Corp"s Mumbai and Vizag refineries faced up to two years delay in commissioning facilities to produce Euro-III grade fuel. Chennai plant and Numaligarh refinery also faced between six to 10 months delay.


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