3 city residents
arrested
KHANNA, Sept 30 — Under a special drive launched against anti-social elements, the police has arrested five persons, including two girls.
‘Difficult phase
for cycle industry’
LUDHIANA, Sept 30 — The cycle industry is passing through a difficult phase. Hundreds of units have been forced to close down due government’s anti-industry policies as well as lack of changes in the industry, said Mr G.L. Pahawa, president of the United Cycle and Parts Association. He was speaking at the 33rd general body meeting of the association.
Wrought iron furniture is here to stay
LUDHIANA, Sept 30 — Heavy furniture is a passe. And what is in fashion is the beautifully crafted wrought iron furniture. The trend which has its roots in Bangalore and has already picked up in Chandigarh, is the current rage here.
All set for NABARD Capital Gains Bond
LUDHIANA, Sept 30 — All arrangements had been made for the floating of Capital Gains Bond to be issued by NABARD for absorbing the capital gains arising out of the transfer of long-term capital assets in term of new Section 54EC of the Income Tax Act,1961, consequent to the Government of India issuing an ordinance on September 26 last, according to Mr. M.G.Marwaha, Executive Director, NABARD.
Black market of kerosene alleged
LUDHIANA, Sept 30 — Mr Joginder Kumar and Mr Man Mohan Singh Ubhi, president and secretary of the Ludhiana Electroplates Association, respectably, have lamented the decision of hiking the price of petroleum products. They alleged that the rates of petrol and diesel were fixed when the crude oil price was $ 20 but when the price of crude oil had come down to $ 10, the benefits were not passed on to the consumers.
LSE poll results
LUDHIANA, Sept 30 — Mr Jaspal Singh and Mr T.S. Thapar have been elected Directors in the Ludhiana Stock Exchange Management. The election was held today.
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