Thanks : Moneycontrol -- ibn live
'Recent measures aim to make mkt more transparent'
Mumbai: Sebi Chief M Damodaran, at the Fortune Global Forum, talking about the recent policy measures, said that some steps may seem to be inconsistent with long-term goals.
He said it was not a question of addressing 'hot money' inflow, but the recent measures aim to make markets more transparent.
The long-term road map is to provide direct and easier access.
He said, "Things we are attempting and some of the steps we have taken might seem to be inconsistent with our long-term direction, but it's not always that every short-term measure seems to be in the same direction as your long-term road map. On occasion you tend to move back a bit."
"It's something like football - you see a lot of passing the ball back to the goalkeeper who is the last man in your team; disjunctively in isolation that can be seen as a very negative move because instead of gaining space you are moving backwards, but you might be doing that in order to see that your journey forward becomes a little easier and that exactly is what we are trying to do. Clean up the bits and pieces, make access more transparent, more direct, more easy along side." Damodaran added.
On hot money that comes into Indian markets through Participatory Notes, he said, "I don’t think it's a question of addressing hot money inflow into India. We have somewhat unfairly, I want to state, been accused of doing some things too suddenly, shocking markets and things that kind."
Wednesday, October 31, 2007
Tuesday, October 30, 2007
30tober 2007
Thanks: IBN Live
Markets surge and it's boom time for Guj housewives
Ahmedabad: With the Sensex at an all time high and still going strong, it's housewives and women investors who are seeking a share of the fortune at the markets.
Sonal Pandya may not look like your run-of-the-mill stock market player but a keen interest in stocks is helping this Ahmedabad homemaker earn a small fortune sitting at home. And a laptop and a TV are her only tools.
“My Internet is there, so whatever trading I have to do, I have it in my mind. So I put it on the Internet, whatever I want to take or sell, I decide from before,” says Pandya.
Pandya is one of a growing tribe of women investors in Gujarat using the stock market's bull run to make a quick buck. Like Geeta ben who started playing the market just three months back, but is already raking it in.
“I just come here to pass my time in the afternoon instead of sleeping at home and make some extra money. And my investment is nearly two lakhs,” she says.
With trading of over Rs 50 lakh daily at this brokerage firm alone, women across Gujarat are making the most of the stock market rise.
Stock market experts in Ahmedabad say there's been a 20 per cent rise in women investors after August, when the market started its marathon run. Many brokerage offices have opened branches only for women - with women traders handing out market advice.
Branch head of Anagram Brokerage, Chiragi Patel says, “Past five or six months we have seen they (women) want quick returns. This is what surprises us these days.”
Power and infrastructure are still investment favourites, but many women are also willing to take some risks to earn big dividends.
“Women investors are also some times adventurous and they do take risks sometimes. If they are new and upcoming then go slowly with the investment,” says Jamuna, a housewife.
Thanks: The Hindu
India, Germany to double bilateral trade
NEW DELHI: India and Germany on Tuesday signed a joint statement on furthering their strategic partnership through new initiatives in trade and investment, energy, science and technology, education and culture and defence. Having achieved the bilateral trade target of Euros 10 billion two years ahead of schedule, they resolved to double it in another five years.
The two sides also expressed their “firm support” for each other’s candidatures for permanent seats in the United Nations Security Council (UNSC) and chalked out plans for closer cooperation in the defence arena, with a technological approach underpinning the symmetry of purpose in this direction.
Acknowledging the considerable potential in the services sector, they agreed on the need to speedily seal a social security agreement both for individuals and companies in their countries. They also felt the early conclusion on an agreement on clean development mechanism (CDM) projects would strengthen the prospects for joint projects in energy efficiency.
The signing of an agreement on mutual protection of classified information in the area of defence [preceded last year by a defence cooperation agreement] along with dialogue on export control, it was hoped, would mark the development of a new phase to enhance the strategic partnership.
The joint statement envisaged the ambit of defence cooperation to include exchange of information and cooperation in defence technological research, armament procurement projects including project related development and general defence technology. On the Doha Round, they underlined the need for a focus on the development dimension and stressed the necessity to overcome the differences in a manner that benefits all member countries of the Worlds Trade Organisation (WTO). “Close cooperation between India and Germany will make a significant contribution to achieve a balanced and comprehensive agreement,” noted the joint statement. They also agreed that further enhancement of air traffic would underpin the growing trade relations between the two countries.
Thanks: The Hindu
Tata Realty forms JV with Jafza
MUMBAI: Tata Realty and Infrastructure Ltd. (TRIL), a 100 per cent subsidiary of Tata Sons, on Tuesday, signed a 50:50 joint venture with Jafza (Jebel Ali Free Zone) International, the global operation arm of the Economic Zones World of Dubai, UAE, to develop and operate a chain of business and logistics parks across India.
The yet to be christened joint venture will develop a network of business and logistics parks adhering to global standards of quality and excellence. The joint venture will be managed by a board of directors, which will see equal representation of both partners.
Addressing a press conference here, Dinesh Chandiok, CEO and Managing Director, TRIL, said, “The first phase would encompass seven locations across the country and entail a joint investment of Rs. 2,400 crore. In the second phase, 15 to 20 more hubs would be added and the total investment in both phases would be around Rs. 10,000 crore. However, the structure and the means of funding have not yet been fixed.”
“Our joint venture with Jafza International is dedicated to enhance value in logistics management. We are in the process of identifying land outside major metros and are at the point of freezing locations for the logistics parks in India,” R. K. Krishna Kumar, Chairman, TRIL, and Director, Tata Sons, said.
Jamal Majid Bin Thaniah, Vice-Chairman and Group CEO, Ports and Free Zone World, said, “ Dubai World Group (the parent of EZW & Jafza) already has major involvement/commitments in the Indian economy in the field of real estate, infrastructure development, logistics and transport. With the Tata partnership, Jafza International is planning to expand its operations in India.”
“In the framework of the joint venture, the proposed network of business and logistics parks would provide an infrastructure platform for integrated trade and logistics services across the country,” Samir Chaturvedi, Executive Vice-President, Jafza International, said.
The key focus, according to Mr. Chaturvedi, is to find the right site although the Tatas, who have a huge land bank across the country, have offered their resources.
Markets surge and it's boom time for Guj housewives
Ahmedabad: With the Sensex at an all time high and still going strong, it's housewives and women investors who are seeking a share of the fortune at the markets.
Sonal Pandya may not look like your run-of-the-mill stock market player but a keen interest in stocks is helping this Ahmedabad homemaker earn a small fortune sitting at home. And a laptop and a TV are her only tools.
“My Internet is there, so whatever trading I have to do, I have it in my mind. So I put it on the Internet, whatever I want to take or sell, I decide from before,” says Pandya.
Pandya is one of a growing tribe of women investors in Gujarat using the stock market's bull run to make a quick buck. Like Geeta ben who started playing the market just three months back, but is already raking it in.
“I just come here to pass my time in the afternoon instead of sleeping at home and make some extra money. And my investment is nearly two lakhs,” she says.
With trading of over Rs 50 lakh daily at this brokerage firm alone, women across Gujarat are making the most of the stock market rise.
Stock market experts in Ahmedabad say there's been a 20 per cent rise in women investors after August, when the market started its marathon run. Many brokerage offices have opened branches only for women - with women traders handing out market advice.
Branch head of Anagram Brokerage, Chiragi Patel says, “Past five or six months we have seen they (women) want quick returns. This is what surprises us these days.”
Power and infrastructure are still investment favourites, but many women are also willing to take some risks to earn big dividends.
“Women investors are also some times adventurous and they do take risks sometimes. If they are new and upcoming then go slowly with the investment,” says Jamuna, a housewife.
Thanks: The Hindu
India, Germany to double bilateral trade
NEW DELHI: India and Germany on Tuesday signed a joint statement on furthering their strategic partnership through new initiatives in trade and investment, energy, science and technology, education and culture and defence. Having achieved the bilateral trade target of Euros 10 billion two years ahead of schedule, they resolved to double it in another five years.
The two sides also expressed their “firm support” for each other’s candidatures for permanent seats in the United Nations Security Council (UNSC) and chalked out plans for closer cooperation in the defence arena, with a technological approach underpinning the symmetry of purpose in this direction.
Acknowledging the considerable potential in the services sector, they agreed on the need to speedily seal a social security agreement both for individuals and companies in their countries. They also felt the early conclusion on an agreement on clean development mechanism (CDM) projects would strengthen the prospects for joint projects in energy efficiency.
The signing of an agreement on mutual protection of classified information in the area of defence [preceded last year by a defence cooperation agreement] along with dialogue on export control, it was hoped, would mark the development of a new phase to enhance the strategic partnership.
The joint statement envisaged the ambit of defence cooperation to include exchange of information and cooperation in defence technological research, armament procurement projects including project related development and general defence technology. On the Doha Round, they underlined the need for a focus on the development dimension and stressed the necessity to overcome the differences in a manner that benefits all member countries of the Worlds Trade Organisation (WTO). “Close cooperation between India and Germany will make a significant contribution to achieve a balanced and comprehensive agreement,” noted the joint statement. They also agreed that further enhancement of air traffic would underpin the growing trade relations between the two countries.
Thanks: The Hindu
Tata Realty forms JV with Jafza
MUMBAI: Tata Realty and Infrastructure Ltd. (TRIL), a 100 per cent subsidiary of Tata Sons, on Tuesday, signed a 50:50 joint venture with Jafza (Jebel Ali Free Zone) International, the global operation arm of the Economic Zones World of Dubai, UAE, to develop and operate a chain of business and logistics parks across India.
The yet to be christened joint venture will develop a network of business and logistics parks adhering to global standards of quality and excellence. The joint venture will be managed by a board of directors, which will see equal representation of both partners.
Addressing a press conference here, Dinesh Chandiok, CEO and Managing Director, TRIL, said, “The first phase would encompass seven locations across the country and entail a joint investment of Rs. 2,400 crore. In the second phase, 15 to 20 more hubs would be added and the total investment in both phases would be around Rs. 10,000 crore. However, the structure and the means of funding have not yet been fixed.”
“Our joint venture with Jafza International is dedicated to enhance value in logistics management. We are in the process of identifying land outside major metros and are at the point of freezing locations for the logistics parks in India,” R. K. Krishna Kumar, Chairman, TRIL, and Director, Tata Sons, said.
Jamal Majid Bin Thaniah, Vice-Chairman and Group CEO, Ports and Free Zone World, said, “ Dubai World Group (the parent of EZW & Jafza) already has major involvement/commitments in the Indian economy in the field of real estate, infrastructure development, logistics and transport. With the Tata partnership, Jafza International is planning to expand its operations in India.”
“In the framework of the joint venture, the proposed network of business and logistics parks would provide an infrastructure platform for integrated trade and logistics services across the country,” Samir Chaturvedi, Executive Vice-President, Jafza International, said.
The key focus, according to Mr. Chaturvedi, is to find the right site although the Tatas, who have a huge land bank across the country, have offered their resources.
Monday, October 29, 2007
29tober 2007
Thanks : IBN Live
India won't go back on its economic reforms
New Delhi: Taking pot shots at the Left post the nuclear deal face off with it and almost losing grip over his government, Prime Minister Manmohan Singh hasn’t left a single opportunity to make it clear that his courtship with the Left parties is now almost in deep freeze.
"No policy reform has ever been reversed. The Indian economy, and its globalisation, has moved in only one direction – towards greater and greater freedom for individual creativity, initiative and enterprise,” said Manmohan Singh.
The Prime Minister was speaking at a Fortune magazine summit on Monday. His listeners were top corporate czars who want to see greater liberalisation in Indian economy. But his allies want to hear a different tune.
Messrs Karat and company don’t like what the PM is preaching and their threats are still very much alive.
"There is no Third Front as of now. But if the government goes ahead with the nuclear deal. Then we will re-prioritise ourselves,” said General Secretary, CPI-M, Prakash Karat.
While his Left allies are ganging up against him, surprisingly his opponents (BJP) are changing their stand on the nuke deal. Now, they say the deal is fine as long as the military might is not capped.
So whether its greater flexibility on usage of pension funds in stock markets, or opening up of Insurance sector or land use policies, its getting increasingly clear that the Left and Manmohan cant be the best of friends that they would have wanted to.
Thanks : The Hindu
Manmohan to head land reforms council
NEW DELHI: Responding to the Janadesh March into the capital by thousands of rural poor and landless people on Sunday to press their demands, the Union government on Monday announced the setting up of a National Land Reforms Council with Prime Minister Manmohan Singh as its chairman.
The Council will take a “holistic approach” to land reforms and related land management issues and will come out with a National Land Reforms Policy.
Political-level body
The Council, likely to be a political-level body with representation from the States as well as the Centre, will be assisted by a committee on ‘State Agrarian Relations and Unfinished Task in Land Reforms’ to be headed by Union Rural Development Minister Raghuvansh Prasad Singh.
The committee will have experts from related specialities and fields, and will be in place within a month.
The committee will look into issues of land reform, distribution of ceiling surplus land and wasteland, tenancy, right to the tiller and setting up of fast track courts in a time-bound manner.
Thanks : The hindu
A ship sails tall and proud
KOCHI: INS Tarangini, the Indian Navy’s sole sailing ship, returned here on Monday after a 10-month voyage around the globe.
Its skipper, Commander Sunil Balakrishnan, spoke of the triumphs and the travails the team faced along the way.
He said the voyage gave his cadets valuable experience to now enable them to steer sophisticated ships of the Navy.
The cadets were exposed to sailing in heavy winds, different aspects of navigation and so on. The vessel will now embark on a journey to countries in South-East Asia, from January to March 2008.
The ship set sail from Kochi on January 10 to participate in Tall Ships Races in the U.S. and to train cadets.
Trainees numbering 279 from the Indian Navy, 16 from the Coast Guard and 18 from 15 countries — Australia, Brazil, Canada, Chile, Djibouti, Eritrea, Italy, the Netherlands, New Zealand, Portugal, Singapore, South Africa, Sri Lanka, the U.K. and the U.S. — were on board.
Tarangini had earlier circumnavigated the globe from January to April 2004 with the theme ‘Building bridges of friendship across the oceans,’ and from April to November 2005 with the theme ‘Strengthening the bridges of friendship across the seas.’
India won't go back on its economic reforms
New Delhi: Taking pot shots at the Left post the nuclear deal face off with it and almost losing grip over his government, Prime Minister Manmohan Singh hasn’t left a single opportunity to make it clear that his courtship with the Left parties is now almost in deep freeze.
"No policy reform has ever been reversed. The Indian economy, and its globalisation, has moved in only one direction – towards greater and greater freedom for individual creativity, initiative and enterprise,” said Manmohan Singh.
The Prime Minister was speaking at a Fortune magazine summit on Monday. His listeners were top corporate czars who want to see greater liberalisation in Indian economy. But his allies want to hear a different tune.
Messrs Karat and company don’t like what the PM is preaching and their threats are still very much alive.
"There is no Third Front as of now. But if the government goes ahead with the nuclear deal. Then we will re-prioritise ourselves,” said General Secretary, CPI-M, Prakash Karat.
While his Left allies are ganging up against him, surprisingly his opponents (BJP) are changing their stand on the nuke deal. Now, they say the deal is fine as long as the military might is not capped.
So whether its greater flexibility on usage of pension funds in stock markets, or opening up of Insurance sector or land use policies, its getting increasingly clear that the Left and Manmohan cant be the best of friends that they would have wanted to.
Thanks : The Hindu
Manmohan to head land reforms council
NEW DELHI: Responding to the Janadesh March into the capital by thousands of rural poor and landless people on Sunday to press their demands, the Union government on Monday announced the setting up of a National Land Reforms Council with Prime Minister Manmohan Singh as its chairman.
The Council will take a “holistic approach” to land reforms and related land management issues and will come out with a National Land Reforms Policy.
Political-level body
The Council, likely to be a political-level body with representation from the States as well as the Centre, will be assisted by a committee on ‘State Agrarian Relations and Unfinished Task in Land Reforms’ to be headed by Union Rural Development Minister Raghuvansh Prasad Singh.
The committee will have experts from related specialities and fields, and will be in place within a month.
The committee will look into issues of land reform, distribution of ceiling surplus land and wasteland, tenancy, right to the tiller and setting up of fast track courts in a time-bound manner.
Thanks : The hindu
A ship sails tall and proud
KOCHI: INS Tarangini, the Indian Navy’s sole sailing ship, returned here on Monday after a 10-month voyage around the globe.
Its skipper, Commander Sunil Balakrishnan, spoke of the triumphs and the travails the team faced along the way.
He said the voyage gave his cadets valuable experience to now enable them to steer sophisticated ships of the Navy.
The cadets were exposed to sailing in heavy winds, different aspects of navigation and so on. The vessel will now embark on a journey to countries in South-East Asia, from January to March 2008.
The ship set sail from Kochi on January 10 to participate in Tall Ships Races in the U.S. and to train cadets.
Trainees numbering 279 from the Indian Navy, 16 from the Coast Guard and 18 from 15 countries — Australia, Brazil, Canada, Chile, Djibouti, Eritrea, Italy, the Netherlands, New Zealand, Portugal, Singapore, South Africa, Sri Lanka, the U.K. and the U.S. — were on board.
Tarangini had earlier circumnavigated the globe from January to April 2004 with the theme ‘Building bridges of friendship across the oceans,’ and from April to November 2005 with the theme ‘Strengthening the bridges of friendship across the seas.’
Saturday, October 27, 2007
27tober 2007
Thanks : The Hindu
Swaminathan calls for national policy on climate change
CHENNAI: It might not be long before India introduces a national policy to address the impact of climate change on the country. Member of Parliament and agricultural scientist M.S. Swaminathan plans to introduce a Private Member’s bill on the ‘Management of Climate Change,’ which will seek to develop a national strategy to assess local vulnerabilities to climate change and suggest adaptive strategies.
There is increasing evidence that while developing countries contribute relatively less to global carbon emissions – per capita carbon dioxide emission in the United States is 20 times that of India – they are likely to be the worst affected, given the vulnerability of livelihoods in these areas, such as agriculture, to climatic changes. “Living in a coastal area, we must start preparing ourselves for the future,” Dr. Swaminathan told The Hindu. “Once the sea-level starts rising, you cannot do anything about it, so you have to be ready for it.”
Climate change policy
Dr. Swaminathan hopes that the bill will stimulate the government to subsequently formalise a national climate change policy.
“The bill will be modelled along the lines of the United States’ Drought Preparedness Act,” he said. “The ‘Management of Climate Change’ act will look at the situation from below, from the Panchayati Raj level. The objective is to prepare one woman and one male member in every Panchayat as ‘climate managers’ so that they become well-versed to handle the flood or drought situations that we may have to face.”
The expected effects of climate change range from changing rainfall patterns to increased salinity of the soil. Rajendra Pachauri, chairman of the Intergovernmental Panel on Climate Change (IPCC), told the United Nations in a September 24 address that “500 million in South Asia” are likely to be affected by the lack of availability of water caused by a reduction in the mass balance of glaciers.
Hundreds of thousands more in densely populated coastal areas are likely to be affected by rising sea levels – sea-levels have risen by 17 centimetres in the past century, according to the IPCC.
C. K. Sreedharan, Principal Chief Conservator of Forests, Tamil Nadu government, believes that while it is important to develop adaptive strategies to address these problems, greater regulation of activities that are harming the environment is also needed.
Industrial activities
“We often hear the excuse that developing countries cannot afford to regulate industrial activities,” Mr. Sreedharan said. “People say that we can adapt to these changes. But it is crucial that we have our own guidelines to limit activities that are adding to the problem.”
He suggests that regulation need not focus on reducing emissions alone, as the international discourse advocates. “Everyone is talking about reducing emissions, but we should first look at how we regulate land use in Tamil Nadu. We need to achieve a balance between development and conservation, which we do not have.”
Catchment areas – such as the Western Ghats – and coastal areas particularly need to be protected. Deforestation of these areas not only directly adds to the problem – around 30 per cent of global carbon emission is as a result of deforestation, according to a UN report – but also changes rainfall patterns, with widespread consequences.
Mr. Sreedharan said that Tamil Nadu – and India – needed to have “a more rigid land use policy,” as well as incorporate the effects of climate change into its economic planning, to mitigate its effects.
“Tamil Nadu is already extremely vulnerable to the vagaries of the weather,” he added. “Erratic rainfall, in quantity or distribution, will have severe ramifications on the State. We cannot allow this to happen.”
Swaminathan calls for national policy on climate change
CHENNAI: It might not be long before India introduces a national policy to address the impact of climate change on the country. Member of Parliament and agricultural scientist M.S. Swaminathan plans to introduce a Private Member’s bill on the ‘Management of Climate Change,’ which will seek to develop a national strategy to assess local vulnerabilities to climate change and suggest adaptive strategies.
There is increasing evidence that while developing countries contribute relatively less to global carbon emissions – per capita carbon dioxide emission in the United States is 20 times that of India – they are likely to be the worst affected, given the vulnerability of livelihoods in these areas, such as agriculture, to climatic changes. “Living in a coastal area, we must start preparing ourselves for the future,” Dr. Swaminathan told The Hindu. “Once the sea-level starts rising, you cannot do anything about it, so you have to be ready for it.”
Climate change policy
Dr. Swaminathan hopes that the bill will stimulate the government to subsequently formalise a national climate change policy.
“The bill will be modelled along the lines of the United States’ Drought Preparedness Act,” he said. “The ‘Management of Climate Change’ act will look at the situation from below, from the Panchayati Raj level. The objective is to prepare one woman and one male member in every Panchayat as ‘climate managers’ so that they become well-versed to handle the flood or drought situations that we may have to face.”
The expected effects of climate change range from changing rainfall patterns to increased salinity of the soil. Rajendra Pachauri, chairman of the Intergovernmental Panel on Climate Change (IPCC), told the United Nations in a September 24 address that “500 million in South Asia” are likely to be affected by the lack of availability of water caused by a reduction in the mass balance of glaciers.
Hundreds of thousands more in densely populated coastal areas are likely to be affected by rising sea levels – sea-levels have risen by 17 centimetres in the past century, according to the IPCC.
C. K. Sreedharan, Principal Chief Conservator of Forests, Tamil Nadu government, believes that while it is important to develop adaptive strategies to address these problems, greater regulation of activities that are harming the environment is also needed.
Industrial activities
“We often hear the excuse that developing countries cannot afford to regulate industrial activities,” Mr. Sreedharan said. “People say that we can adapt to these changes. But it is crucial that we have our own guidelines to limit activities that are adding to the problem.”
He suggests that regulation need not focus on reducing emissions alone, as the international discourse advocates. “Everyone is talking about reducing emissions, but we should first look at how we regulate land use in Tamil Nadu. We need to achieve a balance between development and conservation, which we do not have.”
Catchment areas – such as the Western Ghats – and coastal areas particularly need to be protected. Deforestation of these areas not only directly adds to the problem – around 30 per cent of global carbon emission is as a result of deforestation, according to a UN report – but also changes rainfall patterns, with widespread consequences.
Mr. Sreedharan said that Tamil Nadu – and India – needed to have “a more rigid land use policy,” as well as incorporate the effects of climate change into its economic planning, to mitigate its effects.
“Tamil Nadu is already extremely vulnerable to the vagaries of the weather,” he added. “Erratic rainfall, in quantity or distribution, will have severe ramifications on the State. We cannot allow this to happen.”
Wednesday, October 24, 2007
25tober 2007
Thanks: The indian express
Near-term economic outlook extremely positive: FM
Oslo, October 24: Finance Minister P Chidambaram said on Wednesday that India's near-term economic outlook was 'extremely positive' and an investment boom showed no sign of abating.
"Upsides are very large, and the outlook for the near term is extremely positive," Chidambaram said in a presentation to a Norwegian-Indian business conference in Oslo.
He said an investment boom that started in 2004 showed no sign of fading. "This boom will continue for the next four to five years," Chidambaram said.
"None of the factors that are driving growth will change," he said.
Near-term economic outlook extremely positive: FM
Oslo, October 24: Finance Minister P Chidambaram said on Wednesday that India's near-term economic outlook was 'extremely positive' and an investment boom showed no sign of abating.
"Upsides are very large, and the outlook for the near term is extremely positive," Chidambaram said in a presentation to a Norwegian-Indian business conference in Oslo.
He said an investment boom that started in 2004 showed no sign of fading. "This boom will continue for the next four to five years," Chidambaram said.
"None of the factors that are driving growth will change," he said.
Saturday, October 20, 2007
21tober 2007
Courtey : NDTV
Ind brush aside Aus T20 challenge
Saturday, October 20, 2007 (Mumbai) India registered a commanding win against Australia in their one-off T-20 encounter at the Brabourne Stadium in Mumbai.While the Indian bowlers restricted the Australians to 166 for 5, the Indian batsmen - led by opener Gautam Gambhir - knocked off the runs with ease in 18.1 overs for the loss of just three wickets.Gambhir, taking off from T20 World Championship finals against Pakistan, scored a brilliant 63 in 52 balls, including six boundaries and one six. He was well supported by the aggressive Robin Uthappa (35) and the classy Yuvraj Singh scoring an unbeaten 31 in 25 balls, which included three huge sixes and one boundary.Gambhir was awarded the Man of the Match award for his brilliant innings.With this win, India have maintained not only maintained their edge over the ODI champions in the shortest version of the game but also built much-needed momentum before heading down under later this year.India's shaky startEarlier, the Indian innings got off to a shaky start with openers Virender Sehwag and Gambhir being watchful against the Australian opening pace duo of Brett Lee and Nathan Bracken.The rusty Sehwag (5) didn't last long, edging a Lee delivery for a comfortable catch to wicket-keeper Adam Gilchrist.But a quick-fire 82-run partnership between Uthappa and Gambhir threatened to take the game away from the Australians. Their charge was curtailed by part-time left-arm spinner Michael Clarke struck in the 11th over, as Uthappa was caught behind.Thereafter, while Gambhir fell post an exciting half-century, Yuvraj Singh tore into the Aussie bowlers and, along with skipper MS Dhoni, propelled India to a famous win, which was sealed with a trademark Dhoni six.Aus win tossThe day began with Australia winning the toss and electing to bat.The Australian innings got off to a shaky start with Adam Gilchrist falling in the very first over.Despite Gilchrist's (12) wicket - bowled by RP Singh - Aussie skipper Ricky Ponting led the assault against the Indian bowlers, smashing a blistering 76 off 53 balls, which included 13 boundaries.After Gilchrist's dismissal, Ponting shared a crucial 48-run partnership with Mathew Hayden (17).However, just when it seemed that things were getting out of hand, Hayden dragged a Harbhajan Singh delivery back onto his stumps.Hayden's fall brought the Andrew Symonds to the wicket, but the dangerous right-hander didn't last long, as he was run out by Harbhajan Singh after scoring 20 runs.Thereafter, Brad Hodge (2) joined Ponting, but failed to contribute significantly, as he was bowled by Irfan Pathan in the 15th over.Michael Clarke (24*) then joined Ponting as they looked to attack the Indian bowlers in the final few overs.Although they struggled to impose themselves on the Indian bowlers, the 18th over brought some respite as and undisciplined Sreesanth was taken for 22 runs.Ponting fell in the 19th over bowled by Irfan Pathan in a bid to further accelerate the scoring.For the Indians, spinners Harbhajan Singh and Murali Karthik were the key, as they strangled the Australian batsmen. Singh was especially economical, giving away just 17 runs in his four overs while picking up one wicket.India Virender Sehwag, Gautam Gambhir, Robin Uthappa, Yuvraj Singh, Mahendra Singh Dhoni, Rohit Sharma, Irfan Pathan, Murali Kartik, Harbhajan Singh, RP Singh, S Sreesanth.Australia: Matthew Hayden, Adam Gilchrist, Ricky Ponting, Andrew Symonds, Michael Clarke, Brad Hodge, Brett Lee, Nathan Bracken, Stuart Clark, Brad Haddin, BW Hilfenhaus.
Courtey: NDTV
India be given augmented voice at the UN: Clinton
Frontrunner Democratic presidential candidate, Hillary Clinton, in an article in the prestigious Foreign Affairs journal, has said that it is time India's emergence be recognized and the country be given suitable place at regional and international forums including the United Nations.A Senator from New York and Co-Chair of the Senate India Caucus, Clinton said: ''I recognize the tremendous opportunity presented by India's rise and the need to give the country an augmented voice in regional and international institutions, such as the UN.''India, which has been campaigning hard to get a place as Permanent Member of the UN Security Council, has not been able to get any endorsement or support from the Bush Administration, which otherwise has initiated several steps to strengthen Indo-US relationship.The US, has so far, endorsed the Permanent Membership of Japan only.This is the first indication of India being given appropriate place at the UN, coming from a top US leadership.Clinton, who is considered to be a friend of India in the Congress and has a large support base among the influential Indian-American community in the US, said in her foreign policy paper: ''In Asia, India has a special significance both as an emerging power and as the world's most populous democracy.''In the run-up to her election campaign, the Indian-American community has raised a few billion dollars for her in the past few months.''We must find additional ways for Australia, India, Japan, and the United States to cooperate on issues of mutual concern, including combating terrorism, cooperating on global climate control, protecting global energy supplies and deepening global economic development,'' she wrote in the November / December issue of Foreign Affairs.A vocal critic of the Bush's foreign policy, Clinton said: ''The tragedy of the last six years is that the Bush administration has squandered the respect, trust, and confidence of even our closest allies and friends.''In the paper, spread over 5,800 words, Clinton says the next US president will have a moment of opportunity to reintroduce America to the world and restore US leadership.''To build a world that is safe, prosperous, and just, we must get out of Iraq, rediscover the value of statesmanship, and live up to the democratic values that are the deepest source of our strength,'' she said, reiterating that she would pull out of Iraq if elected as President of the US.''Ending the war in Iraq is the first step toward restoring the United States' global leadership,'' she said.Observing that terrorists are increasingly finding safe havens in the Federally Administered Tribal Areas of Pakistan, Clinton wrote: ''Redoubling our efforts with Pakistan would not only help root out terrorist elements there; it would also signal to our NATO partners that the war in Afghanistan and the broader fight against extremism in South Asia are battles that we can and must win.''The former First Lady also called for having a global alliance involving India and China on the energy front.''We must create formal links between the International Energy Agency and China and India and create an ''E-8'' international forum modeled on the G-8,'' she said.This group would be comprised of the world's major carbon-emitting nations and hold an annual summit devoted to international ecological and resource issues, Clinton further said.
Courtey: The hindu
Urban waste ‘imported’ from U.S. to be shipped back
THIRUVANANTHAPURAM: Taking a strong view of what it considers an attempt to make India a waste dump of the developed world, the Kerala government has sought the immediate return to its port of origin three containers carrying urban waste, which arrived at the Kochi Port from the United States in the first week of October.
Addressing a news conference here on Friday, State Health Minister P.K. Sreemathy and Kerala State Pollution Control Board chairman G. Rajmohan said the government had asked the Customs authorities to return the containers and initiate legal proceedings against the Kochi-based company that had imported it.
"The government views the matter with utmost seriousness, especially against the backdrop of reports that waste, including biomedical waste, was being dumped in Third World countries such as India and of the outbreak of various epidemics in Kerala in recent times," the Health Minister said.
According to her, each of the three containers, imported by Kochi-based ‘Kochin Kadalas’ as brown paper mix, had around 30 to 33 tightly packed material. On preliminary examination, the Customs authorities found that around 10 per cent of the contents of each container comprised plastic, glass and other urban waste.
Following this, they decided to conduct a detailed examination of the consignment and sought the help of the State Pollution Control Board. Some 40 per cent of the 60-tonne consignment was found to contain plastic, glass, metal, cartridges of photocopying machines, food waste and gloves.
The consignment was shipped to Kochi by a New York-based firm at $130 a tonne.
A similar incident took place some four years ago when waste paper imported by the Kottayam-based Hindustan Newsprints Limited (HNL), a subsidiary of the Hindustan Paper Corporation (HPC), was found to contain urban waste.
The State government and the Pollution Control Board had been maintaining heightened vigilance following reports that urban waste, used oil and electronic waste from the developed world were being dumped in India, Ms. Sreemathy added.
The Minister said the State government would write to the Union Commerce Ministry regarding the incident and seek appropriate measures from its side to ensure that such incidents did not recur. "We must see this as an attempt to dump waste from the U.S. in India and not merely as something concerning the Kochi Port or Kerala," she said.
Kochi Staff Reporter writes:
PCB Member-Secretary S.D. Jeyaprasad said the board would provide the Union Ministry of Environment and Forests details of lightning raids carried out in Kochi and other places to seize illegal waste oil and hazardous materials.
During a recent surprise visit to an oil unit in Kochi, officials seized several drums of waste oil, imported through the Kochi Port in violation of provisions of the Hazardous Waste Rules.
Labels on some drums indicated the materials originated from the U.K., transited through Iran and Dubai, before reaching Kochi.
Official figures suggest that traders from Punjab, Gujarat, Kolkata, New Delhi and Tamil Nadu were importing such consignments.
N. S. Ramachandran, Deputy Commissioner (import), Cochin Customs, said that ‘suspicious’ consignments would be searched to ascertain whether it contained any illegal materials.
Courtey: The hindu
Mahesh-Girdharilal do India proud
MUMBAI: Commander R. Mahesh and Girdharilal Yadav (crew) became the pride of India by winning the first ever Military World Games sailing gold medal at the 4th CISM Military World Games on Friday. The experienced, talented Indian duo won the day’s only race, finishing the eight-race competition with 10.9 points, ahead of France (19) and Spain (25).
With wind conditions again tricky, only one of the scheduled three races was possible at Indian Navy Watermanship
Training Centre, Colaba.
Though we had a comfortable lead going into the final race, we did not want to leave anything to chance. We got off to a good start and managed to hold the edge throughout. Our eyes were on France, but by the second lap we had opened up a huge lead so were never really threatened," said Mahesh.
The MWG gold caps a successful international career, after medals at the Asian Games in Doha and Busan respectively.
He talked about the contribution from crew Yadav, "He was exceptional as a crew member, hardworking and completely dedicated to his job." The two Indian Enterprise class sailors have been together for the past two years.
French manager Benjamin Diovris expressed disappointment at his team not getting three races to sail on the concluding day.
He however acknowledged that the Indian team was the most consistent team in the fray.
Final positions (after 8 races with one discard): 1. India (R. Mahesh/Girdharilal Yadav) 10.9 points; 2. France (Nicolas Pauchet/Besson Billy) 19; 3. Spain (Jose Medina Ruiz/Francisco Soto Loureiro) 27.
4. Finland (Anttila Teemu/Tamminem Sami) 28; 5. Russia (Andrey Kiriljuk/Maksim Semerhanov) 52.
6. Germany (Lucas Zellmer/Heiko Seelig) 57, 7. Norway(Bratbak Pal/Johansen Anders) 58; 8. Greece (Vasilas Georgios/Mitakis Evangelos) 61.
9. Turkey (Selim Kakis/Koroglu Ahmet) 61; 10. Poland (Mysliweic Wojoceich/Kaminski Jremeusr) 65.
Courtesy : The hindu
Traffic studies for flyovers on IT Corridor
CHENNAI: Traffic studies on the need for flyovers at various junctions along Rajiv Gandhi Salai (IT Corridor) are being conducted.
The Tamil Nadu Road Development Corporation (TNRDC), the agency implementing the road project, has appointed consultants for the purpose taking into account the phenomenal increase in traffic over the past four years, its officials said.
Bus traffic increased by one-third annually, between 2003 and 2007. Overall, the traffic increased 40 per cent during the period.
Possible locations for the flyovers include one along the MRTS line from Tiruvanmiyur to the SRP Tools junction, another off Lifeline Hospitals at Perungudi and others at Thoraipakkam and Sholinganallur.
Flyovers will be necessary to handle peak-hour traffic, and calculation of average traffic will not give the full picture, says TNRDC Director-in-Charge K.R. Viswanathan. If the need for flyovers is reinforced by these studies, the project will be taken up separately.
The 20-km IT Corridor road laying work is being executed at an estimated cost of Rs. 290 crore. Foot over-bridges for pedestrians have been proposed at every one kilometre.
With the drastic increase in the number of buses, predominantly private transport, several such vehicles are now parked on the Corridor itself, points out Mr. Viswanathan.
TNRDC has proposed a bus parking lot between Karapakkam and Siruseri and sought 25 acres of Government land.
Amenities for the drivers such as refreshment kiosks and toilet facilities can also be provided.
Courtey : The hindu
Fake note racket busted, 3 held
NIZAMABAD: Town police at Vinayaknagar on Thursday arrested three persons and seized from them counterfeit currency amounting to Rs.3.15 lakh, two computers, two scanners, printers and accessories used for printing fake notes.
Briefing mediapersons the Deputy SP K. Anjaneyulu, said they found one person moving under suspicious circumstances near a toddy shop and trying to exchange a fake note. The SP’s ID party and Fourth town sub-inspector, Md. Javeed rushed there and apprehended one Mohammad Younus Khan. They recovered counterfeit currency worth Rs.3,500 from him.
On interrogation he disclosed that Ega Nagabhushanam, a photographer based at Armoor makes counterfeit notes and supplies to him and his accomplice Anwar of Dichpally. The notes were exchanged at toddy compounds, bars, busy vegetable markets, provisions stores and gambling places.
Nagabhushanam admitted that he was making fake notes in the denominations of Rs.500, Rs.100 and Rs.50 using computers and scanners at his residence in Armoor. He said he indulged in this practice as he incurred heavy losses in running the photo studio. The Deputy SP said he (Nagabhushanam) chose the practice of making the fake notes on the suggestion of his friend Gangadhar of Dichpally, who is absconding .
Ind brush aside Aus T20 challenge
Saturday, October 20, 2007 (Mumbai) India registered a commanding win against Australia in their one-off T-20 encounter at the Brabourne Stadium in Mumbai.While the Indian bowlers restricted the Australians to 166 for 5, the Indian batsmen - led by opener Gautam Gambhir - knocked off the runs with ease in 18.1 overs for the loss of just three wickets.Gambhir, taking off from T20 World Championship finals against Pakistan, scored a brilliant 63 in 52 balls, including six boundaries and one six. He was well supported by the aggressive Robin Uthappa (35) and the classy Yuvraj Singh scoring an unbeaten 31 in 25 balls, which included three huge sixes and one boundary.Gambhir was awarded the Man of the Match award for his brilliant innings.With this win, India have maintained not only maintained their edge over the ODI champions in the shortest version of the game but also built much-needed momentum before heading down under later this year.India's shaky startEarlier, the Indian innings got off to a shaky start with openers Virender Sehwag and Gambhir being watchful against the Australian opening pace duo of Brett Lee and Nathan Bracken.The rusty Sehwag (5) didn't last long, edging a Lee delivery for a comfortable catch to wicket-keeper Adam Gilchrist.But a quick-fire 82-run partnership between Uthappa and Gambhir threatened to take the game away from the Australians. Their charge was curtailed by part-time left-arm spinner Michael Clarke struck in the 11th over, as Uthappa was caught behind.Thereafter, while Gambhir fell post an exciting half-century, Yuvraj Singh tore into the Aussie bowlers and, along with skipper MS Dhoni, propelled India to a famous win, which was sealed with a trademark Dhoni six.Aus win tossThe day began with Australia winning the toss and electing to bat.The Australian innings got off to a shaky start with Adam Gilchrist falling in the very first over.Despite Gilchrist's (12) wicket - bowled by RP Singh - Aussie skipper Ricky Ponting led the assault against the Indian bowlers, smashing a blistering 76 off 53 balls, which included 13 boundaries.After Gilchrist's dismissal, Ponting shared a crucial 48-run partnership with Mathew Hayden (17).However, just when it seemed that things were getting out of hand, Hayden dragged a Harbhajan Singh delivery back onto his stumps.Hayden's fall brought the Andrew Symonds to the wicket, but the dangerous right-hander didn't last long, as he was run out by Harbhajan Singh after scoring 20 runs.Thereafter, Brad Hodge (2) joined Ponting, but failed to contribute significantly, as he was bowled by Irfan Pathan in the 15th over.Michael Clarke (24*) then joined Ponting as they looked to attack the Indian bowlers in the final few overs.Although they struggled to impose themselves on the Indian bowlers, the 18th over brought some respite as and undisciplined Sreesanth was taken for 22 runs.Ponting fell in the 19th over bowled by Irfan Pathan in a bid to further accelerate the scoring.For the Indians, spinners Harbhajan Singh and Murali Karthik were the key, as they strangled the Australian batsmen. Singh was especially economical, giving away just 17 runs in his four overs while picking up one wicket.India Virender Sehwag, Gautam Gambhir, Robin Uthappa, Yuvraj Singh, Mahendra Singh Dhoni, Rohit Sharma, Irfan Pathan, Murali Kartik, Harbhajan Singh, RP Singh, S Sreesanth.Australia: Matthew Hayden, Adam Gilchrist, Ricky Ponting, Andrew Symonds, Michael Clarke, Brad Hodge, Brett Lee, Nathan Bracken, Stuart Clark, Brad Haddin, BW Hilfenhaus.
Courtey: NDTV
India be given augmented voice at the UN: Clinton
Frontrunner Democratic presidential candidate, Hillary Clinton, in an article in the prestigious Foreign Affairs journal, has said that it is time India's emergence be recognized and the country be given suitable place at regional and international forums including the United Nations.A Senator from New York and Co-Chair of the Senate India Caucus, Clinton said: ''I recognize the tremendous opportunity presented by India's rise and the need to give the country an augmented voice in regional and international institutions, such as the UN.''India, which has been campaigning hard to get a place as Permanent Member of the UN Security Council, has not been able to get any endorsement or support from the Bush Administration, which otherwise has initiated several steps to strengthen Indo-US relationship.The US, has so far, endorsed the Permanent Membership of Japan only.This is the first indication of India being given appropriate place at the UN, coming from a top US leadership.Clinton, who is considered to be a friend of India in the Congress and has a large support base among the influential Indian-American community in the US, said in her foreign policy paper: ''In Asia, India has a special significance both as an emerging power and as the world's most populous democracy.''In the run-up to her election campaign, the Indian-American community has raised a few billion dollars for her in the past few months.''We must find additional ways for Australia, India, Japan, and the United States to cooperate on issues of mutual concern, including combating terrorism, cooperating on global climate control, protecting global energy supplies and deepening global economic development,'' she wrote in the November / December issue of Foreign Affairs.A vocal critic of the Bush's foreign policy, Clinton said: ''The tragedy of the last six years is that the Bush administration has squandered the respect, trust, and confidence of even our closest allies and friends.''In the paper, spread over 5,800 words, Clinton says the next US president will have a moment of opportunity to reintroduce America to the world and restore US leadership.''To build a world that is safe, prosperous, and just, we must get out of Iraq, rediscover the value of statesmanship, and live up to the democratic values that are the deepest source of our strength,'' she said, reiterating that she would pull out of Iraq if elected as President of the US.''Ending the war in Iraq is the first step toward restoring the United States' global leadership,'' she said.Observing that terrorists are increasingly finding safe havens in the Federally Administered Tribal Areas of Pakistan, Clinton wrote: ''Redoubling our efforts with Pakistan would not only help root out terrorist elements there; it would also signal to our NATO partners that the war in Afghanistan and the broader fight against extremism in South Asia are battles that we can and must win.''The former First Lady also called for having a global alliance involving India and China on the energy front.''We must create formal links between the International Energy Agency and China and India and create an ''E-8'' international forum modeled on the G-8,'' she said.This group would be comprised of the world's major carbon-emitting nations and hold an annual summit devoted to international ecological and resource issues, Clinton further said.
Courtey: The hindu
Urban waste ‘imported’ from U.S. to be shipped back
THIRUVANANTHAPURAM: Taking a strong view of what it considers an attempt to make India a waste dump of the developed world, the Kerala government has sought the immediate return to its port of origin three containers carrying urban waste, which arrived at the Kochi Port from the United States in the first week of October.
Addressing a news conference here on Friday, State Health Minister P.K. Sreemathy and Kerala State Pollution Control Board chairman G. Rajmohan said the government had asked the Customs authorities to return the containers and initiate legal proceedings against the Kochi-based company that had imported it.
"The government views the matter with utmost seriousness, especially against the backdrop of reports that waste, including biomedical waste, was being dumped in Third World countries such as India and of the outbreak of various epidemics in Kerala in recent times," the Health Minister said.
According to her, each of the three containers, imported by Kochi-based ‘Kochin Kadalas’ as brown paper mix, had around 30 to 33 tightly packed material. On preliminary examination, the Customs authorities found that around 10 per cent of the contents of each container comprised plastic, glass and other urban waste.
Following this, they decided to conduct a detailed examination of the consignment and sought the help of the State Pollution Control Board. Some 40 per cent of the 60-tonne consignment was found to contain plastic, glass, metal, cartridges of photocopying machines, food waste and gloves.
The consignment was shipped to Kochi by a New York-based firm at $130 a tonne.
A similar incident took place some four years ago when waste paper imported by the Kottayam-based Hindustan Newsprints Limited (HNL), a subsidiary of the Hindustan Paper Corporation (HPC), was found to contain urban waste.
The State government and the Pollution Control Board had been maintaining heightened vigilance following reports that urban waste, used oil and electronic waste from the developed world were being dumped in India, Ms. Sreemathy added.
The Minister said the State government would write to the Union Commerce Ministry regarding the incident and seek appropriate measures from its side to ensure that such incidents did not recur. "We must see this as an attempt to dump waste from the U.S. in India and not merely as something concerning the Kochi Port or Kerala," she said.
Kochi Staff Reporter writes:
PCB Member-Secretary S.D. Jeyaprasad said the board would provide the Union Ministry of Environment and Forests details of lightning raids carried out in Kochi and other places to seize illegal waste oil and hazardous materials.
During a recent surprise visit to an oil unit in Kochi, officials seized several drums of waste oil, imported through the Kochi Port in violation of provisions of the Hazardous Waste Rules.
Labels on some drums indicated the materials originated from the U.K., transited through Iran and Dubai, before reaching Kochi.
Official figures suggest that traders from Punjab, Gujarat, Kolkata, New Delhi and Tamil Nadu were importing such consignments.
N. S. Ramachandran, Deputy Commissioner (import), Cochin Customs, said that ‘suspicious’ consignments would be searched to ascertain whether it contained any illegal materials.
Courtey: The hindu
Mahesh-Girdharilal do India proud
MUMBAI: Commander R. Mahesh and Girdharilal Yadav (crew) became the pride of India by winning the first ever Military World Games sailing gold medal at the 4th CISM Military World Games on Friday. The experienced, talented Indian duo won the day’s only race, finishing the eight-race competition with 10.9 points, ahead of France (19) and Spain (25).
With wind conditions again tricky, only one of the scheduled three races was possible at Indian Navy Watermanship
Training Centre, Colaba.
Though we had a comfortable lead going into the final race, we did not want to leave anything to chance. We got off to a good start and managed to hold the edge throughout. Our eyes were on France, but by the second lap we had opened up a huge lead so were never really threatened," said Mahesh.
The MWG gold caps a successful international career, after medals at the Asian Games in Doha and Busan respectively.
He talked about the contribution from crew Yadav, "He was exceptional as a crew member, hardworking and completely dedicated to his job." The two Indian Enterprise class sailors have been together for the past two years.
French manager Benjamin Diovris expressed disappointment at his team not getting three races to sail on the concluding day.
He however acknowledged that the Indian team was the most consistent team in the fray.
Final positions (after 8 races with one discard): 1. India (R. Mahesh/Girdharilal Yadav) 10.9 points; 2. France (Nicolas Pauchet/Besson Billy) 19; 3. Spain (Jose Medina Ruiz/Francisco Soto Loureiro) 27.
4. Finland (Anttila Teemu/Tamminem Sami) 28; 5. Russia (Andrey Kiriljuk/Maksim Semerhanov) 52.
6. Germany (Lucas Zellmer/Heiko Seelig) 57, 7. Norway(Bratbak Pal/Johansen Anders) 58; 8. Greece (Vasilas Georgios/Mitakis Evangelos) 61.
9. Turkey (Selim Kakis/Koroglu Ahmet) 61; 10. Poland (Mysliweic Wojoceich/Kaminski Jremeusr) 65.
Courtesy : The hindu
Traffic studies for flyovers on IT Corridor
CHENNAI: Traffic studies on the need for flyovers at various junctions along Rajiv Gandhi Salai (IT Corridor) are being conducted.
The Tamil Nadu Road Development Corporation (TNRDC), the agency implementing the road project, has appointed consultants for the purpose taking into account the phenomenal increase in traffic over the past four years, its officials said.
Bus traffic increased by one-third annually, between 2003 and 2007. Overall, the traffic increased 40 per cent during the period.
Possible locations for the flyovers include one along the MRTS line from Tiruvanmiyur to the SRP Tools junction, another off Lifeline Hospitals at Perungudi and others at Thoraipakkam and Sholinganallur.
Flyovers will be necessary to handle peak-hour traffic, and calculation of average traffic will not give the full picture, says TNRDC Director-in-Charge K.R. Viswanathan. If the need for flyovers is reinforced by these studies, the project will be taken up separately.
The 20-km IT Corridor road laying work is being executed at an estimated cost of Rs. 290 crore. Foot over-bridges for pedestrians have been proposed at every one kilometre.
With the drastic increase in the number of buses, predominantly private transport, several such vehicles are now parked on the Corridor itself, points out Mr. Viswanathan.
TNRDC has proposed a bus parking lot between Karapakkam and Siruseri and sought 25 acres of Government land.
Amenities for the drivers such as refreshment kiosks and toilet facilities can also be provided.
Courtey : The hindu
Fake note racket busted, 3 held
NIZAMABAD: Town police at Vinayaknagar on Thursday arrested three persons and seized from them counterfeit currency amounting to Rs.3.15 lakh, two computers, two scanners, printers and accessories used for printing fake notes.
Briefing mediapersons the Deputy SP K. Anjaneyulu, said they found one person moving under suspicious circumstances near a toddy shop and trying to exchange a fake note. The SP’s ID party and Fourth town sub-inspector, Md. Javeed rushed there and apprehended one Mohammad Younus Khan. They recovered counterfeit currency worth Rs.3,500 from him.
On interrogation he disclosed that Ega Nagabhushanam, a photographer based at Armoor makes counterfeit notes and supplies to him and his accomplice Anwar of Dichpally. The notes were exchanged at toddy compounds, bars, busy vegetable markets, provisions stores and gambling places.
Nagabhushanam admitted that he was making fake notes in the denominations of Rs.500, Rs.100 and Rs.50 using computers and scanners at his residence in Armoor. He said he indulged in this practice as he incurred heavy losses in running the photo studio. The Deputy SP said he (Nagabhushanam) chose the practice of making the fake notes on the suggestion of his friend Gangadhar of Dichpally, who is absconding .
Friday, October 19, 2007
20tober 2007
Inflation down at five-year low of 3.07 pc
New Delhi: Cheaper fruits and vegetables and some manufactured items pulled inflation to a five-year low of 3.07 per cent for the week ended October 6, but analysts said it would not trigger a return to soft monetary policy.
The wholesale price-based index stood at 3.07 per cent in the previous week and 5.36 per cent in the corresponding week last year.
Inflation has been way below RBI's projection of 5 per cent for this fiscal and even its target of 4-4.5 per cent in the medium term. However, downward risks to inflation remains because of high global oil prices, RBI has said.
Global crude oil prices are ruling around a record high of $88 a barrel.
The fall in inflation rate has fuelled expectations that Reserve Bank could reduce interest rates in its half-yearly monetary review on October 30.
"Although there are expectations of rate cut, in the given scenario there is very little possibility of lowering the benchmark rates," HDFC Bank Chief Economist Abheek Barua told PTI.
Hike in the Cash Reserve Ratio (CRR) would not come immediately in the wake of capital outflow in the past 3-4 days, he added.
Echoing similar voice Lehman Brothers Chief Economist Asia Robert Subbaraman said, interest rates are likely to remain stable for some time, though it could come down over the next five years. Also, CRR could also be hiked by 50 basis points only in December, he added.
During the New Delhi: Cheaper fruits and vegetables and some manufactured items pulled inflation to a five-year low of 3.07 per cent for the week ended October 6, but analysts said it would not trigger a return to soft monetary policy.
The wholesale price-based index stood at 3.07 per cent in the previous week and 5.36 per cent in the corresponding week last year.
Inflation has been way below RBI's projection of 5 per cent for this fiscal and even its target of 4-4.5 per cent in the medium term. However, downward risks to inflation remains because of high global oil prices, RBI has said.
Global crude oil prices are ruling around a record high of $88 a barrel.
The fall in inflation rate has fuelled expectations that Reserve Bank could reduce interest rates in its half-yearly monetary review on October 30.week, fruits and vegetable prices dipped by 4 per cent, eggs and fish-marine fell marginally by 1 per cent, while bajra and maize declined by 2 per cent each. Among manufactured items, prices of oil cakes and gur declined also declined marginally by 1 per cent each.
courtesy : IBN Live.
Thanks.
New Delhi: Cheaper fruits and vegetables and some manufactured items pulled inflation to a five-year low of 3.07 per cent for the week ended October 6, but analysts said it would not trigger a return to soft monetary policy.
The wholesale price-based index stood at 3.07 per cent in the previous week and 5.36 per cent in the corresponding week last year.
Inflation has been way below RBI's projection of 5 per cent for this fiscal and even its target of 4-4.5 per cent in the medium term. However, downward risks to inflation remains because of high global oil prices, RBI has said.
Global crude oil prices are ruling around a record high of $88 a barrel.
The fall in inflation rate has fuelled expectations that Reserve Bank could reduce interest rates in its half-yearly monetary review on October 30.
"Although there are expectations of rate cut, in the given scenario there is very little possibility of lowering the benchmark rates," HDFC Bank Chief Economist Abheek Barua told PTI.
Hike in the Cash Reserve Ratio (CRR) would not come immediately in the wake of capital outflow in the past 3-4 days, he added.
Echoing similar voice Lehman Brothers Chief Economist Asia Robert Subbaraman said, interest rates are likely to remain stable for some time, though it could come down over the next five years. Also, CRR could also be hiked by 50 basis points only in December, he added.
During the New Delhi: Cheaper fruits and vegetables and some manufactured items pulled inflation to a five-year low of 3.07 per cent for the week ended October 6, but analysts said it would not trigger a return to soft monetary policy.
The wholesale price-based index stood at 3.07 per cent in the previous week and 5.36 per cent in the corresponding week last year.
Inflation has been way below RBI's projection of 5 per cent for this fiscal and even its target of 4-4.5 per cent in the medium term. However, downward risks to inflation remains because of high global oil prices, RBI has said.
Global crude oil prices are ruling around a record high of $88 a barrel.
The fall in inflation rate has fuelled expectations that Reserve Bank could reduce interest rates in its half-yearly monetary review on October 30.week, fruits and vegetable prices dipped by 4 per cent, eggs and fish-marine fell marginally by 1 per cent, while bajra and maize declined by 2 per cent each. Among manufactured items, prices of oil cakes and gur declined also declined marginally by 1 per cent each.
courtesy : IBN Live.
Thanks.
Why this blog?
One of my passion it to update myself with the current affairs. The easiest and convenient was to browse all the news media contents in web. It is a stress reliever for me , i erupts to joy over the comments made by opposition party and the well counter arguments by governing party, needless to say about my nationality :)
current affairs are my confort zones. They are my best things to discuss over coffee table. I had noticed several of my friends are not interested in it. If someone is interested in the conversation then they are in my scope and if someone are not interest i make a point to check them about their dislike to the news and their affinity towards movies. Most of the times their answers will be what is being reported there all scandles and rapes.
the conclusion from then will be it is meager waste to time.
My blood pressue will raise some time when i read a useless news , which really hinders people. I come across one of the forwarded mails from our people's president. The content is that good news should be projected in the front and the bad news should be pushed to the back and not the other way around. To me a good news is an affirmation and a positive progress, irrespective of the scale of the event. Thinking of such a media is a lovely thing for me, but i doubt if they shall continue in the business if they do not give a hot page news. I was tempted so many times to buy a paper or a magazine after reading the pulse stuff in the front.
The central idea of this blog is to be a repository for only the positive news.
Lets pitch this to my friends and let me force them to see the current affairs :)
All the contents in this blogs are extracted from the news providers, to form a central place for the news and contents focusing on India.
current affairs are my confort zones. They are my best things to discuss over coffee table. I had noticed several of my friends are not interested in it. If someone is interested in the conversation then they are in my scope and if someone are not interest i make a point to check them about their dislike to the news and their affinity towards movies. Most of the times their answers will be what is being reported there all scandles and rapes.
the conclusion from then will be it is meager waste to time.
My blood pressue will raise some time when i read a useless news , which really hinders people. I come across one of the forwarded mails from our people's president. The content is that good news should be projected in the front and the bad news should be pushed to the back and not the other way around. To me a good news is an affirmation and a positive progress, irrespective of the scale of the event. Thinking of such a media is a lovely thing for me, but i doubt if they shall continue in the business if they do not give a hot page news. I was tempted so many times to buy a paper or a magazine after reading the pulse stuff in the front.
The central idea of this blog is to be a repository for only the positive news.
Lets pitch this to my friends and let me force them to see the current affairs :)
All the contents in this blogs are extracted from the news providers, to form a central place for the news and contents focusing on India.
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