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SAIL cuts prices by up to Rs 2,000 a tonne
The country"s largest steel maker, Steel Authority of India (SAIL), today said it has cut prices of its long products — used primarily in construction — by Rs 1,500-2,000 per tonne and may further lower the rates if the situation so warrants.

Infosys weak on senior officials' exit
The stock slipped to a low of Rs 2,509 and finally settled at Rs 2,526, down 1.5% from its previous close. The counter clcoked volumes of 182,219 shares on the BSE as compared to the two-week daily average traded volumes of 164,010 shares on the BSE. ___________________________________________

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GERC pegs intra-state trading margin upto 4 paise per unit
In order to encourage intra-state power trading business, state power sector regulator Gujarat State Electricity Regulatory Commission (GERC) has proposed an intra-state electricity trading margin of not more than 4 paise per unit.
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US to remove cap on intake of medical students

The US Administration will bring a Bill in the Congress to remove the federal cap on intake of medical students, a move that will benefit international students, including those from India, a body of Indian-origin physicians in America has claimed. - Asian stocks rise on China growth optimism - Govt to raise Rs 97,000 cr through T-bills - No sign of pension reforms in 2009 - State to start online payment for electricity bills - The Decade of the Big I - Asia-Pacific records highest volume of "billion-dollar" deals President Barack Obama has assured the American Association of Physicians of Indian Origin (AAPI) that his government will introduce the Bill to remove the cap and add an additional 15,000 residency slots. The step assumes importance in view of the long-standing demand of the AAPI to increase residency slots for medical graduates to facilitate more international students to join PG courses. “President Obama has assured us that a Bill will be introduced in the Congress seeking the removal of the federal cap and add an additional 15,000 residency slots,” Vinod K Shah, president of the AAPI told reporters at a global healthcare summit here. At present, the cap restricts the maximum intake of students by various US universities to 18,000, out of which around 16,000 seats are reserved for US citizens, leaving only 2,000 for international students, including from India. “If the Bill is passed, it will benefit students from India the most as they constitute about 30-40 per cent of the total international students selected to study in various universities in the US,” Shah, who had personally met Obama and also attended the White House dinner hosted for Prime Minister Manmohan Singh during his US visit, said. Recently, the US Senate passed Obama’s pet project — the $871 billion healthcare reforms package which envisages health insurance coverage to an additional 47 million people. “If the Obama Administration intends to meet this target, then definitely more doctors are needed. Currently there is a vast shortage of medical professionals. That is why we demanded the increase in residency cap,” said Shah. The move is also expected to benefit India vastly as New Delhi recently started recognising medical PG degrees obtained by Indian-origin students of five countries — US, UK, Canada, Australia and New Zealand. “An official notification has been recently passed and included in the gazette to recognise PG medical courses certificates obtained by NRI students from these countries,” Ketan Desai, president of Medical Council of India, said.


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