05/22/2008

Farm equipment loan freeze to continue: SBI

agriculture tractor Despite mounting pressure from various quarters, the State Bank of India has decided to continue with

its decision to freeze loans to farmers on farm equipment — tractor, combined harvester and power tiller. SBI chairman OP

Bhatt said the bank will start giving loans to farmers for agriculture activities once the non-performing assets (NPAs) of

the bank comes down. SBI is trying to use the government's farm loan waiver schemes to cut its NPAs. Bhatt said, “It is our

attempt to sensitise our branches to help farmers take advantage of government's scheme and reduce NPAs of the bank.” Under

government's scheme, if farmers pay 75% of the loan outstanding, the remaining 25% would be provided by the Centre as debt

relief. The statement added that the bank has ambitious plans to strengthen its agri and rural loan portfolios and has

targeted a 33% growth in agri advances, amounting to Rs 13,400 crore during 2008-09. “State Bank wishes to assure the

farming community of the country that its commitment to agri and rural development remains undiminished,” Bhatt said.

Meanwhile, Tractor Manufacturers' Association (TMA) on Tuesday asked the government to persuade SBI against freezing loans

for farm equpiment, saying such a decision would harm the agriculture sector. The association demanded that government should

intervene and ask the bank to withdraw its decision of suspending new loans for buying tractors and other utility products.

It said the bank's decision would eventually hit the agriculture growth as food grain production would come to a standstill

for lack of tractors and other equipment. (Editor: Emily)

Inserter System doubles manual speeds 40-50 bpm

Biscuit Processing Machinery Designed to automatically place singular 3D objects into robag? 3 VFFS packaging equipment,

system eliminates missed inserts and manual labor. Insert thickness range from 5 to 110 x 35 mm in any direction with weight

capacity up to 25 g. Inserter reduces number of multiple inserts at speeds of 100 bpm and provides emergency shutoff to

protect machinery in case of required shutdown. Unit can be added to most existing robag? 3 rotary jaw machines on site.

Dasseldorf, Germany Trade Fair Center, 24-30 April 2008, Hall 17, stand A28tna's inserter system offers 0% missed inserts,

doubles manual speeds DUSSELDORF, GERMANY (April 24-30, 2008)-tna, leading supplier of packaging and processing solutions for

food production companies worldwide, unveils new automatic inserter technology at Interpack. tna's inserter is designed to

automatically place singular 3D objects into tna's robag? 3 vertical form, fill and seal (VFFS) packaging equipment,

completely eliminating missed inserts and manual labor. Operation is simple. The operator selects a set up a program on the

system's existing touch key pad to run the tna robag? 3 with inserters. tna's inserter system is so accurate, it offers 0%

missed inserts, and reduces the number of multiple inserts dramatically at inserting speeds of 100 bpm, doubling manual

speeds 40-50 bpm. The system provides an emergency shut off to protect machinery if a shutdown is required. (Editor: Emily)

Potato, fruit crisps offer an alternative to chips

Looking for a healthy, additive-free substitute for potato chips? Put Brothers-All-Natural Crisps on your list. The company,

whose snacks are avail- able at many retailers and online, offers freeze-dried fruit and potato snacks, fresh onion. Fruit

choices include white and yellow peach, Fuji apple, Asian pear, strawberry, pineapple, banana and strawberry-banana crisps,

all made with no added sugar or preservatives. Potato crisps have no added oils, preservatives or Olestra, just sliced

potatoes, fresh ingredients and sea salt. Flavors include original with sea salt, black pepper and sea salt, Szechuan pepper

and fresh chives and fresh onion and garlic. Crisps are fat-free and preservative-free; contain no peanuts, tree nuts,

gluten, soy or dairy; are not genetically modified or engineered; and are vegan and kosher. Single-serving bags have a

suggested retail price of $.75 to $1.19.