Bhopal: Minister for Cooperatives and Public Health Engineering Gaurishankar Bisen has asked the cooperative banks to take stern steps against major defaulters and if needed, put up hoardings containing their names on main crossings. Bisen was addressing a meeting yesterday which was convened to discuss ways to help weak cooperative banks overcome their problems and get empowered.

Bhopal: Omega Renk Bearings (ORB) Pvt Ltd, a manufacturer of white metal line sleeve bearings in association with the German Gildemeister Group, today announced the launch of the country's ''first solar power plant'' with a tracking system at Khajuri Khurd near the Madhya Pradesh capital. Gildemeister Chairman Rudiger Kapitza inaugurated the Rs 2.5-crore unit. ''The plant has been cleared for directly feeding up to 67 KW to the Madhya Pradesh Central Region Power Distribution Company Ltd,'' ORB Managing Director Sushil Prakash told media persons.

Bhopal: Madhya Pradesh Minister for Finance and Commercial Taxes Raghavji has reiterated that the time for transition from VAT on goods to Goods & Service Tax (GST) has not yet come because VAT is yet to be fully established in the country and the share of taxable services in the consumption basket of the household is very small.

Bhopal: Industry Minister Kailash Vijayvargiya has hoped that in the times of global recession the strategic initiative of Madhya Pradesh government for promoting investments in agriculture and food processing sector will yield good results and capital investments in Madhya Pradesh will increase. Vijayvargiya is on the tour of Japan along with a delegation of Madhya Pradesh these days. Japan is the last leg of the delegation's tour of three foreign countries. The delegation will depart from Japan for India on Wednesday, November 11.

Bhopal: The Chief Minister, Shivraj Singh Chouhan inaugurated a diamond sample processing plant set up at a cost of Rs 33 crore at Bunder Project site of Rio Tinto at Buxwaha in Chhatarpur district today. Later, Chouhan went round visiting the newly commissioned plant. In his address, the Chief Minister said that there are immense possibilities of exploring fine quality diamond in the area.

Bhopal: Competition is the key of gross GDP improvement by 5% every year of the American economy. Competition is the keyword which helps industry, trade and nation, the bonus is enjoyed by the consumer." said R Prasad, Member Competition Commission at the interactive session organized by PHD Chamber which was attended by senior bankers, industry representatives and Chartered Accountants.

Bhopal: Dabur India Limited launched flower magic hair oil in Bhopal on Friday. Brand head of Dabur Amla flower magic Anirudh Pandharkarm while interacting with media on Friday during launching, said that base oil is Amla and flower scents are added in flower magic. Backed by our core philosophy of offering exceptional products that are natural and full of wholesome goodness that contribute to the well being/ beauty of consumers.

Bhopal: Annoyed over state government's ongoing drive against them, Madhya Pradesh sugar traders have decided to down their shutters indefinitely from October 1. “All the wholesales and retail sugar traders have decided to stop doing business indefinitely from October 1 in protest against state government officials' raids and seizure of the sugar, which is going to the auctioned,” Madhya Pradesh Sugar Traders Federation President, Ramesh Khandelwal told here today.

Bhopal: The banking services were totally paralyzed on the second and last day of nationwide strike of nationalized and their associate banks, which came to end on Friday. The ATMs which functioned properly on the first day, went dry on Friday. Business of Rs 3 lakh crore was affected with the two days banks strike. In a response to call for nationwide strike to pay revision and compassionate ground appointment, thousands of bank employees struck banking working and Friday was the second day of strike.

Bhopal: Banking operations were at a standstill across Madhya Pradesh on the first day of a two-day countrywide strike by nationalised banks in response to a call by the United Forum of Bank Unions. Bank branches were not even unlocked at several places. An apprehension was expressed that most automated teller machines would be empty by evening. Business of Rs 1,50,000 crore was affected.