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FLASHBACK ‘03 — STEEL INDUSTRY
Worst year so far, say engineering units
Ludhiana, December 30
Good and bad times of the industry in Ludhiana are primarily determined by the bicycle, bicycle parts and auto parts industry. These three sectors are the mainstay of Ludhiana's industry, although hosiery also happens to be an important sector, yet it is the ups and downs in the engineering industry which reflect the industrial sentiment in the city. And for the engineering sector, year 2003 has proved to be the worst so far.
Steel industry seeks better deal
Ludhiana, December 30
The plight of small and medium-scale industry in the state is worsening by the day, allegedly owing to unfavourable policies of the state and the
Centre. According to Mr Inderjit Singh Pardhan, president of the Chamber of Industrial and Commercial Undertakings
(CICU), the situation would reach a point of no return in the absence of immediate remedial measures.
Online banking eases transactions
Ludhiana, December 30
Only a couple of years ago it would take at least one week for Rajiv Kumar, a
Pune-based student, to get the a demand draft from his father and later get it
encashed. He would call his father here, who would take a day in getting a draft prepared and then dispatched. It would take another two days through courier to reach
Pune. And another two days to get the draft cleared.
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