PAY CUTS Imminent as Mass Job LOSS Continues With DISINVESTMENT Ahead. No RESERVATION or QUOTA Would Help Anyone! OBC Quota Made Irrelevant in IIMs.
RECESSION is the Best Ever WEAPON for MASS DESTRUCTION and the Washington Planted Zionist Government of India led by Anti National IMMORAL IMPOSTORS uses it very EFFECTIVELY against Aboriginal, Indigenous, Minority and even general masses with LICENSE to KILL Infinite!
What a SUBVERT ION!
Gold breaches Rs 16k level in futures trade! Where from the MONEY comes to INVEST in GOLD? How much is invested in Gold? how much DIVERSION of capital is instituted by DESI ILLUMINITI for launching, Merger and acquisition Abroad? What about the BALANCE SHEETS and FUNDAMENTALS of PRIVATE Sector? How Transparent is Budget making?
What is behind the so called RESILIENCE? PRIVATE SECTOR EFFICIENCY, PUBLIC SECTOR SICKNESS, Lockouts and Lay OFFs, PRODUCTIVITY and TRADE UNION Activities?
With economic slowdown leading to huge layoffs in certain sectors, the government on Friday said jobs must be retained even if it meant cut in compensation.
"Jobs must be protected even if it means some reduction in compensation at various levels," Finance Minister Pranab Mukherjee said at International Labour Conference in New Delhi.
He said the the government is making all out efforts to ensure flow of credit to boost trade and investment, consumption and to stimulate additional demand through public and private expenditure.
Mukherjee later told reporters that in the interim Budget he had talked of encouraging investments in infrastructure and in housing and real estate, adding that the government is providing adequate resources for programmes like NREGA and Bharat Nirman.
"If the work can be stepped up to a considerable extent, these are directly linked with employment creation and also demand creation. (If) more and more good roads are constructed, cement, steel, every thing will be required. They will get jobs. These type of programmes should be expedited and adequate resources will be provided," he said.
His remarks came as the government today informed Parliament that 5 lakh people lost their jobs during the four-month period ending December 2008, on account of economic crisis in sectors including textiles, automobile and IT.
Our people does not want to deal with the economics of Politics or the Political economics. They invest everything to get the Most Essential purchasing power to survive day to day hazards and man made calamities as MONOPOLISTIC Aggression DELETE them out of this GEOPOLITICS.
The Ruling Hegemony is determined to implement MASS DESTRUCTION Agenda as wished by Global Order of TRI IBLISH - US Corporate Imperialism, Brahminical Hindutva and ZIONISM.
FALSE Recession is used to kill HUMAN and CIVIL Rights bypassing Parliament and constitution. The CRIMINAL OFFENCE is Immunised as DISINVESTMENT Process is IMMUNE to any judicial jurisdiction, Audit, Criminal Investigation and parliamentary Liability as well as Procedure.
Replying to supplementaries during the question hour, Minister for Power Ramvir Upadhyay told Vidhan Sabha that besides setting up new power plants and modernising the existing ones, the state has also requested the centre to set up a nuclear power plant in the state.
The minister was replying to a supplementary by Congress MLA Pramod Tewari, who wanted to know if those (BSP) opposing the Indo-US nuclear deal had opted for nuclear power.
While giving an account of the various steps undertaken by the state to deal with power shortage, especially in the Bundelkhand region, the minister said Uttar Pradesh has started borrowing electricity from Jharkhand from February 15 and assured the House that in four years time the state would have surplus power.
The minister used the opportunity to lash out at the former BJP government for selling Uchahar and Tanda power houses and the previous Samajwadi Party government for making no effort towards installing new power houses.
The minister said that efforts were also on to strengthen transmission and distribution.
Stating that almost all IIMs had hiked fees, he said IIM-C fees are still lower than IIM-Ahmedabad's that are Rs 11 lakh and IIM-Bangalore – Rs 9.5 lakh. The spokesman said that IIM-C spent Rs 4 lakh per student every year.
The meeting also decided to raise the need-based scholarship fund from Rs 75 lakh to Rs 1.50 crore, he said. To a question, he said that the Board of Governors discussed the Bhargava Committee report, particularly in respect of appointing a pan-IIM Board.
The bank also slashed lending rate on credit to farmers against cold storage and warehouse receipts to 8 per cent, a bank release issued here said.
The new rates will be applicable to all customers availing loans between February 23 and May 31, 2009, the bank said.
After the freeze-period, the rates will be reset at the applicable card rate contracted as on the date of sanction under the respective schemes, the bank said.
In the second-half of the current fiscal, the economy would have grown at around 6.5 per cent and the growth is likely to be better next year, he added.
The metal, which had been on a record-setting spree for the last one week, spurted to an all-time high of Rs 16,349, by adding 2.55 per cent on the Multi Commodity Exchange, as funds preferred to park their funds in gold amid deepening global recession.
The August contract for gold climbed 2.55 per cent to touch Rs 16,349 per 10 gram. It clocked two lots.
The bullion market received a major booster from the firming global trend as the gold in the US markets surged to 1,007.20 dollar an ounce last night.
"Funds around the world indulged in picking gold as a safe investment during current financial turmoil," said Galipelli Harish, head of research with Karvy Comtrade.
The firmness was also witnessed in spot market as gold prices climbed much close the market expectations of Rs 6,000 per 10 gram in all domestic bullion markets.
In Delhi, the metal traded at Rs 15,750, in Chennai at Rs 15,775 per 10 gram, respectively.
Buying by jewellers and retail customers almost dried up at existing higher levels, said a Delhi-based jeweller Rakesh Anand.
WE are READY for the final RITUAL, the SACRIFICE as the ASHWAMEDH YAJNA is in Progress!
"Sometimes I think had Pranab not been there what would happen to this government. Whenever there is a crisis, he is there. 25 years ago he presented the budget and did so again yesterday as it was a crisis situation," Advani said in his opening remarks during the debate on the Motion of Thanks on the President's address.
Mukherjee blushingly smiled and welcomed the statement with folded hands even as the House applauded with thumping of desks. Advani said he had known Mukherjee for many years and had always appreciated his abilities.
"Leader of the House Pranab Mukherjee is one year senior to me in Parliament. I was first elected to Rajya Sabha in 1970 while he was elected one year before," Advani said adding, "Ever since I was introduced to Pranab I have always appreciated his ability, his strength and his capability to shoulder responsibility."
Later in his speech, Advani said Parliament had witnessed a new low during the trust vote (of July 22, 2008).
"Pranab, I and the Speaker who joined one year after me had never seen buying and selling of MPs. We will not be there tomorrow. The future generations will not forgive us," he said.
Though there were differences of opinions during the N-deal, "they (Left) are our natural allies," party chief Lalu Prasad said on the sidelines of the AIMA award presentation function in New Delhi.
"They are our permanent friends and they will remain our friends. We may even contest together. What is there in it," he said when asked about a possible alliance with the Left.
"There may be differences between the allies over one or two seats but our aim is to fight the elections together," he said.
When asked about the progress on the issue of seat-sharing with LJP, he said talks are going on.
The Railway Minister visited Paswan's residence on Friday night to attend a function, leading to speculation of finalisation of ties between RJD and LJP.
When asked if Supreme Court ruling of not allowing the U C Banerjee report to be tabled in Parliament is a setback to the government, Lalu said, "There is no setback. We all know who created problems (Godhra incident)."
So annoyed was the Speaker with the behaviour of some members, he said that he believed Parliament should be adjourned sine die.
"I think Parliament should be adjourned sine die ... public money should not be spent on useless allowances for you," he said as some members of the BSP, BJP, TDP, RPI, PMK and MDMK stormed the Well and raised slogans against the government on several issues.
BSP criticised the UPA government for "being anti-Dalit" as it had "ignored" the backward classes in a new draft legislation on universities introduced in the House.
BJP members joined them on the same issue, while members of PMK and MDMK trooped into the Well demanding that the government make efforts to "stop war" in Sri Lanka.
TDP members were also seen raising the Satyam issue. Angered by the members' behaviour, Chatterjee said "you are behaving in the most condemnable manner. I express my greatest annoyance and condemnation."
The Speaker said he hoped that the people of the country will give a "fit verdict" in the coming elections.
It also said unless there was a congenial and peaceful atmosphere, attacks and counter-attacks would continue.
"An LTTE plane has been shot down. This is of concern. Political solution has to be found to the LTTE issue and military action will not do," External Affairs Minister Pranab Mukhjerjee, said.
Maintaining that ‘a political solution is the only way out’, he said, "The two sides should sit across the table for a negotiated settlement of the issue.”
"And, for that a congenial and peaceful atmosphere has to be created. Till that is not forthcoming, attacks and counter-attacks will continue to hit the country.”
Stating that India's stand was 'very clear', Mukherjee said, "we are concerned. We are concerned for the huge Sri Lankan Tamil population who have been caught in the crossfire. They are being killed and their normal life is seriously affected."
He said India would appeal to Colombo to ensure that the rights of the minority Tamils were protected.
Mukherjee was in Berhampore for a credit camp of UCO Bank at Raghunathganj, in Murshidabad district.
Recalling the treaty signed in 1987 between the then Sri Lankan President and late Prime Minister Rajiv Gandhi, Mukherjee said, "the decisions arrived there should be implemented.”
"The decision for decentralisation of power and more powers to the provincial council should be followed," the minister said.
Mukherjee said the Tamils and other ethnic minorities in Sri Lanka must have an arrangement where there legitimate aspirations should be fulfilled within the framework of the Sri Lankan Constitution without affecting the territorial unity and sovereignty of Sri Lanka.
He said India expected a devolution package can be evolved fulfilling this criteria and the present impasse overcome. That should be the basis of restoration of normalcy, he added.
And see this:
Minister Maya led mob to carry out riot: Guj Govt to HC
Ahmedabad The government in an affidavit in the Gujarat High Court has said that state minister Maya Kodnani led the mob, instigated them and distributed weapons to carry out Naroda riot which left 95 people dead in 2002.
The affidavit was filed in the court on Thursday on the basis of findings of Special Investigation Team (SIT) appointed by the Supreme Court challenging anticipatory bail given to Kodnani by the lower court.
"She was the leader of mob and was an MLA and allegations against her is she was instigating the mob to commit crime and therefore she was playing the main role," the affidavit said.
The affidavit said, "from one of the statements of witnesses it has been revealed that she had fired from her pistol, as well as, from another statement it has been revealed that she had come to the spot in a car with other persons and had distributed swords among the mob."
Kodnani is a Minister of State for Higher Education in the Gujarat government and is regularly attending the ongoing Assembly session.
"We are already witnessing worrying signs of protectionism in the world's biggest economy. We need to argue against this trend at the international fora," External Affairs Minister Pranab Mukherjee said inaugurating the 42nd Indian Labour Conference.
He was apparently referring to the Washington's bar on firms receiving bailout money from hiring foreign workers if they are to replace Americans at work.
Industry estimates suggest nearly 100,000 Indians were among the 163,000 that had applied for non-immigrant skilled workers visa (H1-B) in FY'09. The US has capped the number of H1-B visas at 65,000 a year.
The bailout-condition could affect Indian skilled workers.
In the wake of the global financial meltdown, Mukherjee said, "We will need to press for trade and aid flows to developing countries and look at regional cooperation to strengthen defences against such crises".
Mukherjee said there was a need to invest more in infrastructure, provide adequate credit support to the poorer sections of the society and create better facilities for upgrading skills and re-skilling of the workforce.
"Our government is making all efforts to ensure flow of credit to consumption, trade and investment, and stimulating additional demand through public and private expenditure and investment," Mukherjee said.
He said the government's response to the crisis has been swift and recent developments show that the benefits were trickling down.
"Global crisis requires a global response and India is playing its own role in fashioning it," he said.
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 The Week | Job loss finds an angry echo Express Buzz, India - If the government is concerned of job losses, why are they not here? They should have listened to the concerns of the working class when there is massive ... Pranab proposes pay cuts to avoid job loss Pay cut advice to protect jobs Protect jobs even if it means pay cuts: Mukherjee |
 Zee News | Estimate of 5 lakh doesn't reflect total job losses: Govt Press Trust of India, India - New Delhi, Feb 20 (PTI) Government today admitted that the estimate of five lakh job losses following the economic meltdown does not project the full ... 5 lakh jobs lost in Sept-Dec 2008 |
Alberta may see more job losses, says prof Calgary Herald, Canada - The anticipated job loss would push the province's unemployment rate to 5.8 per cent in 2009, compared with 4.4 per cent in January and 4.2 per cent in ... |
Job losses will continue: Flaherty Canada.com, Canada - “We are in for a very difficult year,” Flaherty said, adding the job losses will be “substantial.” His comments, including a warning that the recession and ... Structural advantages may temper job losses |
Job loss risk at Rentokil Initial Mirror.co.uk, UK - More jobs will go as bosses battle to turnaround pest control and parcels firm Rentokil Initial. Chief exec Alan Brown needs to cut costs if he is to get ...  LON:RTO |
Job Loss And Depression CBS News, NY - Job loss not only affects individuals financially - it can affect their mental health as well. Dr. Sudeepta Varma, Psychiatrist at New York University ... |
 India Business Today | Job loss: Are you next? India Business Today, India - Though the job cuts, on an average, have not exceeded 5-10 per cent of any company’s payroll (except in cases where the entire business or division has been ... |
Surviving a Job Loss NTV, NE - The record loss of jobs has increased traffic on Nebraska Workforce Development's website. "When you compare the amount of individuals who registered for ... |
The business outlook remains discouraging and more job losses are ... The Register-Guard, OR - The forecast predicts continued job losses in 2009 in virtually every sector except health care, which is projected to show job growth of 3 percent. ... |
Textile may see more job losses Business Standard, India - While there are fears of half-a-million more job losses, exports from the sector are likely to take a hit of about Rs 15000 crore, according to industry ... |
Weeks after team owners of the lucrative Indian Premier League (IPL) splurged big bucks on new players for the coming season, a whole lot of fresh investment is headed for the superhit Twenty20 Championship.
In a landmark development for the eight-team IPL carnival, the Shah Rukh Khan-owned Kolkata Knight Riders (KKR) has managed to sign in multinational soft drink major Coca Cola for the forthcoming second edition of the two-month-long tournament.
The move to rope in the popular soft drink giant for the IPL is a major breakthrough for the Indian cricket Board, which has been constantly battling rumours of fast-receding sponsorships in the wake of the global economic slowdown.
http://www.expressindia.com/latest-news/Shah-Rukh-hits-jackpot-gets-Coke-to-sponsor-KKR/426049/
| Pranab snubs Mamata | |||||||
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Without naming Mamata, Mukherjee, who is WBPCC president, said his involvement in development projects was not to help a particular political party but in the interest of the people.
"Mamata Banerjee may become the new chief minister but the same rule will be in force. There should be no politics in the matter of development," Mukherjee told reporters at Raghunathgunje situated in his Lok Sabha constituency of Jangipur in Murshidabad district.
Mukherjee said he would be present at the foundation-laying ceremony of East-West Metro corridor in Kolkata tomorrow at the invitation of the state government.
He said his presence in a state government-sponsored programme should not give an impression that he was helping any individual. "None was helped personally due to my presence." Mamata had said yesterday that she would tell Mukerhjee "not to encourage the CPI(M)" and ask him to reconsider attending such programmes. PTI
‘Boobs on Bikes’ parade to promote erotica show
Associated Press
Posted: Aug 20, 2008 at 1709 hrs IST
Wellington, August 20: Tens of thousands of people crowded the downtown area of New Zealand's biggest city on Wednesday to watch about 30 topless young women riding motorcycles and open-topped cars along the main street.
The annual ‘Boobs on Bikes’ parade - described as pornography by opponents and freedom of expression by the organisers - attracts a mainly male audience to Auckland's Queen Street. The lunch-hour parade is to promote a weekend erotica show in the city.
Thousands took pictures with digital cameras and cell phones while some sought out vantage points on top of phone booths, bus shelters and on balconies overlooking the route.
About 100 protesters, some carrying a banner reading ‘Pornography fuels sexual violence against women and children’, walked in front of the parade. Other protesters walked behind.
http://www.expressindia.com/latest-news/Boobs-on-Bikes-parade-to-promote-erotica-show/351195/
Pranab Mukherjee - Wikipedia, the free encyclopedia
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Sensex sheds nearly 200 pts; ICICI drags
Mirroring a decline on bourses across the world, the Bombay Stock Exchange benchmark Sensex on Friday shed hefty nearly 200 points to close below the 9,000 level for the first time in nearly a month.The Sensex, which has lost 620 points in the first three days of the week, today dropped 199.42 points to end at 8,843.21, the lowest level since January 23. on Thursday, it had cut short its three-day loses by gaining nearly 27 points.
The National Stock Exchange index Nifty also lost 52.90 points at 2,736.45.
With the selling pressure spreading over a wide front, 28 stocks in the 30-share barometer ended with losses while two stocks-- ACC and Maruti Suzuki -- closed in the green.
Marketmen attributed selling pressure to Wall Street declining to record level overnight. Dow Jones Industrial Average closed down by 1.2 per cent to 7,465.95, the weakest level in 6 years, on another rise in unemployment claims which deepened fears of economic recession getting prolonged.
European indices also down by as much as nearly 3 per cent.
Reflecting the poor global cues, Asian markets on Friday closed lower in the range of 1-4 per cent.
On BSE, banking shares were again battered and sectoral took a hit of 3.49 per cent. Country's largest private sector lender ICICI Bank ended down by a hefty 7.07 per cent.
IT stocks, which attracted buying yesterday on rupee depreciation, however could not sustain it. BSE IT index ended lower by 2.69 per cent. India's biggest software exporter TCS at 3.23 per cent was among big Sensex losers. Infosys Tech also lost 2.46 per cent.
In US Hewlett-Packard lowered its profit forecast for the year and its stocks tumbled.
Scam-hit Satyam Computer, however, rose 1.73 per cent to Rs 45.45 after the Company Law Board allowed the company to induct strategic investor via an open bidding process.
HDFC, mortgage lender, fell 2.80 per cent to SBI was down 1.22 per cent.
Metal index was another heavy loser at 2.67 per cent, followed by teck index by 2.21 per cent. Oil and Gas index lost 2.17 per cent and capital goods index 1.95 per cent.
Realty index lost 1.93 per cent, PSU index 1.56 per cent power index 1.41 per cent, healthcare index 1.12 per cent, auto index 1.11 per cent and consumer durable index 1.09 per cent.
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