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Future Group: Eyeing new horizons
Trust Kishore Biyani, the founder of Future Group, to spot new revenue streams before anybody else. The latest from Biyani is Indian-style hotels and schools to train entrepreneurs and help understand consumer behaviour. Both initiatives are expected to go on stream in the next six to eight months.

Anti-dumping probes rise with green shoots
Even as the economy is showing signs of revival, industry"s fears about dumping by other countries is on the rise, prompting the government to initiate as many as 20 fresh anti-dumping investigations since the beginning of current financial year, compared to 21 in all of 2008-09.

News of the day

No pay hike for British queen
Like many, Britain’s queen will also not get a pay hike, at least till elections next year. According to the Daily Express, British Prime Minister Gordon Brown has told the queen, she will have to wait until after the general elections to discuss her bid for a rise in her £7.9 million a year Civil List payment. Brown has decided not to fix a new 10-year deal covering the queen’s costs, fearing that the plea for a huge pay rise over the next 10 years could become an election issue, the report said.
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India to start building 20 km roads per day by April: Nath

Road Transport and Highways Minister Kamal Nath said here that India had increased its per-day construction of roads to 9 km and the target of developing 20 km daily would be accomplished by April.“We have reached 9 km per day of road construction and will hit our target of 20 km a day by April,” Nath, who was here to hold talks with the Malaysian government to invite them to enter the highway construction sector in India, said.Thirty-five Malaysian companies are already involved with various infrastructure projects in India.To construct 20 km of raods a day or 7,000 km a year, there had to be 20,000 km of work in progress, he said. - Car insurance may come with accident cover - "India to start building 20-km roads/day by April" - Two major tax reforms to give edge to Indian businesses - Fix reasonable targets: Plan Comm to road ministry - Letters: Ridden with roadblocks">Letters: Ridden with roadblocks - Highways development back on track in 2009 The minister said, between November 2009 and June 2010, contracts worth $20 billion would have been awarded. Referring to land acquisition, he noted that states would also need to address the issue. Nath stressed that mega infrastructure projects would not be awarded to small companies. “Medium-sized companies should take more jobs and aspire to become bigger. If small companies take big projects, I may not have the roads,” he said, adding such companies might not even be able to get finances. “We don’t want companies to take more than they can chew. We also don’t want hoarding of contracts,” he added. The minister said there were enormous opportunities for Malaysia to take up infrastructure projects in India. “Economic engagement is very important with East Asia, intra East Asia,” he said, adding that the hub of economic activity was in East Asia.“We attach great importance to this attachment,” Nath added.The National Highways Authority of India (NHAI) is developing 5,985 km of roads at present, with the work on the Golden Quadrilateral — a road that connects four metro cities of India — 98.23 per cent complete.


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