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Sunil Jain: Connecting Bharat
The budget is big on rural India and allocations for the Bharat Nirman project, for instance, have been hiked 45 per cent over those allocated in Budget 2008-09 — within this, allocations for projects like the Pradhan Mantri Gram Sadak Yojana have been hiked 59 per cent. While that’s all very well, it would be a good idea to see what’s happening on the government’s plans for connecting rural India, not by roads but by telephones. As compared to urban areas where around 90 per cent of people have phones, tele-density is just around 15 per cent for rural India. generic levitra

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RIL's Jamnagar refineries to buy Cairn crude
Cairn India, which started pumping crude oil from its Mangala field in Barmer (Rajasthan) this August, has entered into an agreement with Reliance Industries Ltd (RIL) for supplying it to the latter’s Jamnagar refineries. Cairn is likely to supply seven consignments of 200,000 barrels each to RIL during the current financial year, said an informed source. The first consignment will reach Jamnagar by end-November. The company had sold its first cargo of 208,000 barrels to Mangalore Refinery and Petrochemicals last month and it will deliver two more cargoes this month.

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Sugar stocks sweeten on hopes of robust growth
Balrampur Chini ended flat at Rs 133, Around 410,679 shares were traded as compared to the two-week daily average traded volumes of 1.04 million shares.
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Higher prices dent India's coffee export by 22%

The country"s coffee exports plummeted by 22 per cent to 2.41 million bags in the first 11 months of the 2008-09 crop year as Indian prices were ruling higher than competing countries like Vietnam and Columbia. - Soyameal export may dip 24% this season on sluggish demand - India"s coffee exports dip 14.28% in Oct-July - India"s coffee exports dip by 7% during Oct-Mar - Coffee exports may dip by 10% in April-June - Coffee exports dip 14.5% in Jan-Feb India, one of the key exporting countries, shipped about 2.41 million bags during October-August period of 2008-09 season, compared with 3.09 million bags in last year, the International Coffee Organisation (ICO) said in its report. The coffee year runs from October to September. One bag contains 60 kg of coffee. "The export orders booked were discouraging because our coffee prices were quoting 20-30 per cent higher in the global market compared to Vietnam and Columbia," All India Coffee Exporters Association President Ramesh Rajah said. Indian traders were quoting on an average $1,400 per tonne of coffee against Vietnam"s $1,200 per tonne. Our prices were very high at 180 cents per pound against Columbia"s 150 cents per pound, he said. "The expensive Indian coffee has helped Vietnam and Indonesia as their exports have surged sharply in the last couple of months," Rajah noted. According to ICO data, the shipment from Vietnam rose by 9.87 per cent to 16.46 million bags during October-August period from 14.98 million bags in 2007-08. Similarly, export from Indonesia increased by 44.93 per cent to 6.87 million bags from 4.74 million bags. The global coffee exports rose by 2.8 per cent to 90.5 million bags in the review period, ICO said.


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