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Rs 20,000cr to attract IT companies
Friday, 26 September, 2008
Government is planning Rs 20,000-crore investment to promote Kerala
targeting IT and ITeS companies to woo them to Kerala. Kerala State IT
Infrastructure Limited (KSITI) is planning to set up an IT city and IT parks
across the state, which would have a seating capacity of 200,000 people by
the year 2015. N Radhakrishna Nair, director, KSITI and chief executive
officer of Trivandrum Techno Park, said that Kerala, which was promoting
tourism as 'God's own tourism country' now want to promote it as 'God's own
e-state'. The state government is planning to set up a Techno City, spread
over 500 acres, in Thiruvananthapuram with an investment of between Rs 8,000
crore and Rs 10,000 crore expected to be ready by 2015. A 130-acre Techno
Parkwhere Infosys and UST Global have already started the construction
work.Currently, the park employs around 20,000 people and by 2012, it is
expected to employ around 100,000, Nair said. When the Techno City and
expanded Techno Park will become operational by 2015, around 200,000 people
will be employed. Nair said, "Low-cost and uninterrupted power and
single-window clearances are the two main mantras. For instance, for
IT/ITeS, the state is supplying power for Rs 3.20 a unit, while in Chennai
it is around Rs 3.50 a unit (only for IT companies not for ITeS). In Kerala,
since all the IT parks will be located near the power grids, companies do
not have to depend on the local electricity boards." If a company wants to
set up a facility in Kerala, it will not take more than 4 weeks for all the
necessary clearances, Nair said.
State Electricity Board into single company
It was decided by the government today to convert the State Electricity
Board into a single company. A notification in this regard is expected to be
issued soon. The decision was taken at an all-party meeting convened by
Chief Minister V S Achuthanandan, boycotted by the Opposition. BJP walked
out. The Centre's directive earlier was to divide KSEB into three separate
companies for generation, transmission and distribution..
South Indian Bank Hikes NRE, FCNR Deposit Rates
Tuesday, 23 September, 2008
South Indian Bank has hiked the interest rates on NRE term deposits by up to 0.50 per cent for various maturities. As per revised rates, interest rate on NRE deposits of 1year to less than 2 years and 2 years to less than 3 years has been increased to 3.71 per cent from 3.21 per cent and 3.81 per cent from 3.31 per cent respectively. Interest rates on deposits of 3 years upto and inclusive of 10 years have been raised to 4.13 per cent from 3.63 per cent . Interest rate on 1year to less than 2 years FCNR deposits denominated in US Dollars have been increased to 2.96 per cent from 2.46 per cent, on two-less than three years to 3.06 per cent from 2.56 per cent, for three-less than four years to 3.38 per cent from 2.88 per cent, for four to less than five years to 3.60 per cent from 3.10 per cent. For five year deposits, the rate will be 3.76 per cent.(up from 3.26 per cent ) . Similar revisions have been made in FCNR deposits in denominations of Pounds and Euro, previous rates being given in brackets . FCNR deposits in Pound Sterling will carry 5.77 per cent(5.27), 5.15 per cent(4.65), 5.13 per cent(4.63), 5.08 per cent(4.58) and 5.03 per cent(4.53) for the respective periods. The corresponding rates for deposits in Euro are 5.08 per cent(4.58), 4.63 per cent(4.13), 4.53 per cent(4.03), 4.48 per cent(3.98) and 4.43 per cent(3.93). South Indian Bank Launches Another Innovative Convenience Banking Product
Sunday, 21 September, 2008
The salary disbursement of corporates , firms and such others who maintain accounts with any of the 511 CBS branches would be managed by the Bank, hassle-free and free of any bank charges. The employer would be benefited in that the salary could be disbursed to any employees/any single employee who are/is working even in far-off places where SIB has no presence. Dr.V.A.Joseph ,Chairman & CEO of the Bank and Mr.M.P.Gopalakrishnan,President ,CMS Trust jointly launched the product .In his inaugural address Dr.Joseph said, ''This convenience banking product, which is designed for the convenience of both employers and employees, leverages the bank's strong technology platform, which connects all the 511 branches and 26 extension counters of the Bank under Core Banking Solutions network offering anytime banking to its customers. GSSA can be opened with zero balance". The Chairman and CEO of the Bank also stated, "South Indian Bank, being a customer oriented Bank is striving hard to render personalized customer service using the latest technological capabilities. The technological capability of the Bank was recognised when the Bank could bag the banking technology excellence award from IDRBT which is the technical arm of RBI. The service quality of the Bank has also been recognized when the Bank was selected in the 'Outlook Money C Fore' survey as the best private sector Bank in India in the service quality segment.". Dr. Joseph also referred to the facility recently started for online booking of offerings, free of bank charges , through South Indian Bank payment gateway-the first bank to go online booking -by the customers of the bank who are devotees of Guruvayur Sreekrishna Temple which is described as the Dwaraka of South India. This facility is being utilized by the NRIs also to effect offerings, hassle free with greater transparency and security at the click of a button ,either for themselves or their aged parents resident in India.. "South Indian Bank had completed on 26.03.07 the project 'SIBertech' by introducing a centralised Core Banking Solution in technology partnership with Infosys Technologies when many banks had not even started implementation of CBS . SIB, had started this project in 2001 to render personalized customer service. The new product now launched would confirm this belief", the Chairman concluded his inaugural address. With the following carefully thought-out value additions of this innovative convenience banking product , banking for employers and their employees, is made extremely easy and comfortable: - >Free International ATM-cum-Debit Card for which annual maintenance charges are not collected > Online booking of offerings for Lord Sri Guruvayurappan, free of bank charges Ø Withdrawal of cash from the ATMs of other Banks free of bank charges (As charges would be borne by SIB) Ø Free utility payment and e-commerce services >No stipulation on minimum balance >The depositor enjoying many freebies can earn the usual SB interest >The depositor can operate his SB account during his travel/temporary transfer /transfer- hassle-free >The account can be closed /transferred to another branch with out any charge >Free of cost cheque leaves (subject to limits in each category ) >Free fund transfer facility through RTGS/NEFT/Fast Money /DD Customers of this feature-rich Savings Bank account are also provided with facilities to open Depository account and also enjoy mobile banking facility. Mr.George Davis Thottan,General Manager and Mr.P.J.Jacob,Deputy General Manager & Regional Head also spoke on the occasion. Security tightened in the state
Monday, 15 September, 2008
AJ: Security has been tightened all over Kerala, following the bomb blasts in Delhi. Major commercial centres, IT parks, important places of worship, bus stands, railway stations and airports are under close observation of security and intelligence personnel. Bomb squads will carry out thorough checks in lodges and hotels. E Ahmed elected as President of IUML
AJ: Minister of States for External Affairs E Ahmed, has been elected the President of Indian Union Muslim League. The post fell vacant due to the death of then party president G.M. Banatwala. The decision was unanimous. Khader Mohiuddin and Abdu Samad Samadani have been selected the General Secretary and Joint Secretary. 10 persons have been elected to the national executive committee. It's a rainy Onam this time in Kerala
Tuesday, 9 September, 2008
Its Onam on Friday 12 September 2008. Onam is the harvest festival of Kerala celebrated by one and all irrespective of cast creed or religion. However, this time central Kerala is reeling from floods and continious rains at several places in Ernakulam and Thrissur districts. A few landslips occurred in Kottayam district. The weather bureau forecasts rain in many places in Kerala, including isolated heavy rainfall, during the next 48 hours.
The Kerala State Beverages Corporation (KSBC), the sole wholesalers of Indian Made Foreign Liquor (IMFL) and beer in the state, said that there has already been an increase in liquor sales since Sunday in anticipation of the Onam holidays.
Bolgaty Palace Hotel will host the Kerala Tourism Development Corportion's payasam mela from September 8 to 12.The function is being arranged at the KTDC Shopping Complex at Marine Drive on Monday at 4 p.m.
The government-sponsored Onam Trade Fair and Exhibition began here in Thiruvananthapuram. The fair will feature over 70 stalls selling handicrafts, furniture, books, fancy items and readymade dresses.
Karunakaran shifted to Vellore MC
Tuesday, 2 September, 2008
AJ: Former chief minister and senior Congress leader K Karunakaran, who was undergoing treatment in Sree Chithira Medical Centre, shifted to Christian Medical College Vellore in Tamil Nadu for neuro-cognitive and rehabilitation treatment. He was flown in an air ambulance, from Thiruvananthapuram to naval helipad at Arakonam, from where he was taken by road to Vellore. Leader Karunakaran was accompanied by his daughter Padmaja, son-in-law Venugopal and family doctor Unnikrishnan.
Kerala Shopping Festival starts on Dec.1st
AJ: The Director and Secretary of Kerala Tourism M Sivsankar and Dr Venu said the grand Kerala Shopping Festival will be start from December 1 to January 15 in Kochi. They said, the first shopping festival got a huge success and now we are planning for the second one. The state government allotted Rs 20 crore for the festival. The KTDC is also organising road shows in New Delhi, Chandigarh, Hyderabad, Kolkata, Bangalore, Chennai and Mumbai to promote the festival.
Vismaya amusement park opened
AJ: 30-crore water theme and amusement park, venture run by CPI(M), has been opened at Parasinikadavu in Kannur. The park was opend by CPM state secretary Pinarayi Vijayan. Pinarayi said the park is not using ground water. It was made clear that the park would harvest rainwater to meet all its requirements. The park has the largest rainwater harvesting facility in the country, he said. Chief Minister V S Achuthanadan, who was scheduled to have inaugurated the park, could not make it due to indisposition. Home Minister Kodiyeri Balakrishnan and senior party leaders from the area are also attend the inaugural function.
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