Central Statistical Organisation (CSO), National Sample Survey Organisation (NSSO) to be merged

20th July 2005: Central Statistical Organisation (CSO) and National Sample Survey Organisation (NSSO) will soon be merged to form a single entity - National Statistical Organisation (NSO).

NSO, which would function as the executive wing of the government in the field of statistics and act according to priorities laid down by the National Statistical Commission (NSC), would have two wings - central statistics office and national sample survey office, an official release said today.

NSO would be headed by a secretary level officer who would be designated as the Chief Statistician of India and also function as the secretary to NSC.

Tata Consultancy Services (TCS) to merge 3 subsidiaries

19th July 2005: The board of directors of Tata Consultancy Services, which had met on July 15, 2005, approved the amalgamation of three unlisted, wholly-owned subsidiaries with the company.

According to a release issued by TCS to the BSE today, the three subsidiaries are Airline Financial Support Services India, Aviation Software Development Consultancy India and TCS Business Transformation Solutions.

"Since the companies are wholly-owned subsidiaries, no new shares will be issued upon amalgamation," the release added.

IISCO to merge with Steel Authority of India (SAIL)

18th July 2005: IISCO will be amalgamated with SAIL as a going concern, together with all its properties, assets, rights, benefits and interest, subject to existing charges thereon in favour of banks and financial institutions. According to a release issued by SAIL to the BSE today, all debt, liabilities, duties and obligations, secured or unsecured, will be treated as debt, liabilities, duties and obligations of SAIL.

"Since no shares are being issued pursuant to the scheme, the capital structure of the company shall remain the same," the release added. IISCO has iron ore mines at Chiria in Jharkhand, which is the second largest in the world with an estimated reserve of over 1,000 million tonne with iron content of over 62%.

"Its strategic location will be an advantageous iron ore source for the company's steel plants. IISCO has collieries at Chasnalla, Jitpur and Ramnagore. Due to the upsurge in the steel market, prices of coking coal and iron ore have increased manifold, and the company will, in the long run, benefit by securing high quality coal and iron ore from IISCO mines," the release said.