A Memorandum of Understanding was signed between the Indo American Chamber of Commerce (IACC) and Management Development Institute (MDI), Gurgaon, to offer training and research and national consultation on joining the IACC.

Mr. Vinod Chandiok, President, IACC, and Dr Devi Singh, Director of MDI have signed the declaration of intent, in the presence of Mr. Singh, VP, President, Industrial Finance Corporation of India.

Thiruvananthapuram, DEC. 25 The government has unveiled a number of proposals to Bail Out floundering waste station purification Vilappilsala and resolving the prolonged dispute between the city and the Corporation private companies operating the facility.

Sponsored by the Theerapatham Urban Development Project, the recovery regime offers three separate agreements with the government, the Corporation, the operator Kerala and Agro Industries Corporation (KAIC).

First Covenant

The first pact between the government and the Corporation financial assistance designed for the flood project on its operational losses and keeps afloat. A sum of 5.54 crores case by the Government to the company over a period of seven years. The funds are paid to the category of Poabs manages the facility. The annual release of funds are paid to an independent audit.

The financial component also includes the restructuring of debt service obligations of the business promotion. Poabs is necessary to technical and management for sustainable improvement of the project.