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Utilisation of funds under NREGS declined in 2008-09
The utilisation of funds under the National Rural Employment Guarantee Scheme (NREGS), the flagship programme of the United Progressive Allinace (UPA) government, declined to 75 percent in 2008-09 from 82 percent in 2007-08.

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Left, BJP corner govt on price rise
The Left and the BJP today tried to corner the government on the issue of spiralling prices and lent support to trade unions which have gathered here to protest against economic policies including disinvestment.

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RBI panel on BPLR to meet today
The Reserve Bank of India"s (RBI"s) panel on revamping the existing benchmark prime lending rate (BPLR) will meet tomorrow for further deliberation with bankers.
Management

Zylog Systems eyes acquisition in Canada

IT firm Zylog Systems today said it is eying acquisition in Canada and its board has given approval to go-ahead with the bidding process. - Zylog launches VoIP services in Gujarat - Zylog to invest Rs 210 cr on Wi-Fi; aims Rs 550 cr revenue - Zylog plans Rs 500 cr infra spend, eyes Singapore firm - Zylog Systems ties up with Aptilo Networks for back-end services - Zylog lines up Rs 200cr The board, at its January 9 meeting, approved "proposed acquisition in Canada and authorised the company to go ahead with the bidding process on the basis of the recommendation of the Merger and Acquisition committee", Zylog Systems Ltd said in a filing to the BSE. "In the event of successful bidding, board has authorised the company to go ahead with the acquisition process,"it said.


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