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Business Line Twenty Years Ago Today

december 31 | Updated on March 08, 2018 Published on December 30, 2015

AN-26: PM upset over security lapse

The special committee constituted by the Government under the chairmanship of Special Secretary (Home), Mr. V. K. Jain, to work out the broad frame work of a new security regimen for movement of civilian aircraft through the country, is still grappling with the modalities, given the complexity of the issues involved. At a high-level meeting held in the Home Ministry, the special committee discussed the version of intelligence agencies on the recent arms dropping by the Russian made AN-26 aircraft. Agencies such as the DGCA and the Airports Authority were surprised that even after possessing information about the imminent carriage of arms, and its possible despatch to Bengal-Bihar area before the AN-26 left Karachi, the intelligence agencies failed to inform them.

Rubber Board moots 40,000 t. imports

The reported move by the Commerce Ministry to bring down rubber prices has created panic among rubber growers. The growers believe that the steps taken to curb the price trend form part of a deliberate attempt to scale down prices. Meanwhile, the 127th meeting of the Rubber Board has unanimously decided to recommend to the Union Government imports of 40,000 tonnes of natural rubber from April 1996 when rubber production goes slow.

Vidyut Shaving and ‘parallel AGM’

Alleging that genuine shareholders and their proxies were prevented by the management from attending the Annual General Meeting (AGM) of Vidyut Shaving Products Ltd., (VSPL), a Hyderabad-based company promoted by the House of Malhotras, some of the shareholders and proxies held a parallel AGM here on Friday and elected a new board comprising four directors and a chairman.

Published on December 30, 2015
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