Tata will make Nano in Singur, claims West Begal official
Chief Minister, West Bengal, Buddhadeb Bhattacharjee (file photo)
Maoists torch CPI(M) leader's house in West Bengal
Many migrant workers not going home to vote
Credit rating agencies raise concerns over Bengal's credit
Kolkata (PTI): In an attempt to paint the image of the opposition as anti-industry and pin down Trinamool Congress which spearheaded an agitation against land acquisition in Singur, CPI(M) has prominently highlighted Nanon and industrialisation in its poll campaign.
In his election campaign at different places, Chief Minister Buddhadeb Bhattacharjee has attacked the Trinamool over the issue and said if Nano project came up in the state, 6000 people would have got employment besides job opportunities in the ancillaries.
To capitalise on his government's pro-industry image, he said the Trinamool indulged in 'negative politics' and put up road blocks to the state government's industrialisation efforts.
Unfazed by the charge, both Congress and Trinamool Congress which have formed an alliance, questioned the LF government's track record wondering why West Bengal, which was once a top-ranking state in industry, lost its glory during the Left rule.
Private guard at Tata's Singur plant found dead
Singur (PTI): A private security guard posted at the abandoned Tata Motors factory site at Singur Hooghly district was found dead this morning.
The body of Sunil Kr Yadav (27), which was found at the project site, bore no injury marks.
"Prima facie it seems to be a case of heart failure", Circle Inspector Deboprakash Pouranik said.
Yadav had gone to sleep last night along with other guards.
A resident of Bihar's Nawada district, Yadav was hired by a private security agency.
Incidentally, the Tata Motors Nano small cars, which were supposed to roll out from Singur, were displayed for the first time in the company's showrooms in the city.
Titan showrooms to distribute Nano booking forms
New Delhi (PTI): Tata Group firm Titan Industries on Wednesday said it will start distributing booking forms for Tata Nano from its showrooms across the country from April 4.
The Nano booking forms would be available at all World of Titan showrooms across the country between April 4 and April 25, Titan Industries said in a statement.
World of Titan network is the wristwatch retail chain of Titan Industries.
Along with the booking form, the prospective buyer would get a gift voucher worth Rs 200 redeemable on purchase of a watch at the Titan outlets and a free membership of the Titan Signet Loyalty Program, which offers several benefits.
"The launch of Nano is a moment of great pride for all of us in the Tata group. Therefore, at Titan, we have specially made available Nano booking forms in all our World of Titan showrooms," Titan Watches Chief Operating Officer Harish Bhat said.
Titan has over 265 stores in 119 cities across India.
Nano fever grips Kolkata, buyers vie for Tata Motor's form
Tribal body gives LS poll boycott call in north Bengal
Nano fiasco, big political issue in West Bengal
The Tata Nano The new people's car
Tata Nano is a nice, cheap ride
Cheap car or cheaper bikes?
In Conversation: Ratan Tata on cars beyond Nano
Tata 'NANO' - The People's Car from Tata Motors
Tata Nano : A comfortable, safe, all-weather people's car, high on fuel efficiency and low on emissions.
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iPod nano rocks in nine amazing colors and a new design. The accelerometer is built in, so turn it sideways to view music in Cover Flow and watch movies.
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Mr. Ratan N. Tata, Chairman of the Tata Group and Tata Motors, today unveiled the Tata ‘NANO’, the People’s Car from Tata Motors that India and the world ...
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Nano fever grips Kolkata, buyers vie for Tata Motor's form - 1 hour ago KOLKATA: Nano fever hit the city with a vengeance on Wednesday as hundreds of Kolkatans thronged Nano showrooms for a shot at being among the first to get ...Economic Times - 144 related articles »Behind the wheels of the Nano - Hindu Business Line - 2097 related articles »On a confidence drive, with Nano - Hindu Business Line - 76 related articles »GNU nano
16 Jan 2006 ... Clone of the Pico text editor with some enhancements. Available for Linux and DOS. [Open Source - GPL]
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1952), Prime Minister of Albania; Mohamed Mahmoud aka Nano, an Egyptian footballer; Victoriano Rivas Álvaro aka Nano, a Spanish footballer ...
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CPI(M): UPA not taking steps to regulate private players in education
CPI(M) says Lalu, Mulayam under pressure
CPI(M) releases second list in AP
CPI(M)-AIADMK talks inconclusive
The meeting between Cabinet Secretary K M Chandrasekhar and heads of banks along with representatives of chambers will be held at a time when almost 50 per cent of PSU banks have reduced their benchmark lending rates effective from Wednesday.
Prime Minister Manmohan Singh had said there is scope for further cuts in interest rates in his meeting with industrialists last week.
The Cabinet Secretary's meeting, which is taking place after the scheduled one late last month got postponed, is likely to take up issues coming in the way of industrial revival.
For the first time in about 17 years, industrial growth was negative in two consecutive months, in December and January, after it saw a monthly contraction for the first time in 15 years in October 2008.
While there are signs of revival in certain sectors like auto, cement, steel and capital goods, exports declined for the fifth consecutive month, in February.
"The Indian Metal industry feels that the protectionist measures were introduced a little too late to revive the economy. The sector is expected to remain broadly stable over current year 2009, however, growth is expected in the long run," Mr. Kandaswami added.
Congress president Sonia Gandhi, All India Congress Committee (AICC) General Secretary Rahul Gandhi and her sister Priyanka Gandhi have already got special security of the Special Protection Group (SPG).
Besides them, the list proposes elite security cover to Bharatiya Janata Party (BJP) leader L K Advani, former chief ministers Ghulam Nabi Azad, Farooq Abdullah, All India Anna Dravida Munnetra Kazhagam (AIADMK) leader J Jayalalithaa, Chief Ministers of Jammu and Kashmir, Gujarat and Uttar Pradesh-Omar Abdullah, Narendra Modi and Mayawati.
U.S. President Barack Obama benefits from a broadly held perception that others bear the bulk of responsibility for state of the U.S. economy, according to a Washington Post/ABC News poll published on Tuesday.
Senior leader of main opposition Bharatiya Janata Party, Lal Krishna Advani on Wednesday targeted the Prime Minister for his statement about the need for New Delhi and Islamabad fighting militancy jointly.
Nationalist Congress Party (NCP) chief Sharad Pawar will participate in an election rally organised here on Friday by the Biju Janata Dal (BJD) and its allies, including the Left parties, the BJD said on Wednesday.
All seems well now in the feuding family of the late central minister Abu Barkat Ataul Ghani Khan Chowdhury in this northern West Bengal district.
Congress General Secretary Rahul Gandhi today said that it was the Manmohan Singh Government which silenced Pakistan after the Mumbai terror attacks. The ruling Congress, which has pre-poll alliances in eight states across the country for the coming general elections, is open to post-poll alliances to remain in power even in a coalition set-up, a senior party leader said Wednesday.The poor need a pro-poor government and it is the Congress that is capable of empowering them, young MP Rahul Gandhi said Wednesday, kicking off the election campaign in Bihar where the party is going it alone.
As the city police heightened its security and put blockades around central London, some 1,200 protesters managed to storm outside the Bank of England, in what has, by and large, been a peaceful demonstration so far.
Prime Minister Manmohan Singh is among the G20 leaders already here for the summit, so is US President Barack Obama, collectively representing economies that account for 85 percent of the world's output and two-thirds of its population
The London Stock Exchange and the offices and headquarters of other financial institutions were the target of the protesters, who were heard shouting: 'These streets our streets, these banks our banks'.
'This is London's largest, most challenging security operation,' said Simon O'Brien, a senior commander with London's Metropolitan Police.
"If ... economic policies are appropriate, the recovery should come in the first two quarters of 2010," he told Spanish newspaper ‘El Pais’.
The Marxist Stance against Fascism and Imperialism as well as GLOBALISATION and Capitalism also RESEMBLES the men so FUNNY in Bed!
GM's 8.375% notes due 2033 were down 1.25 point to 16.75 cents on the dollar and its 7.2% notes due 2011 were down 6.4 points to 20.1 cents on the dollar Monday afternoon, although trade volumes were modest, according to online trading platform MarketAxess.
GM's credit default swaps were quoted at 81 points from 77 points up front on Friday, which means that investors must now pay $8.1 million up front plus a $500,000 fee to protect $10 million of GM bonds against default for five years. Similarly, GMAC's credit default swaps were trading at 31 points up front Monday from 27.5 points up front on Friday, according to Phoenix Partners Group.
The Obama administration seized the wheel of the failing U.S. auto industry on Monday, forcing out General Motors Corp's CEO, pushing Chrysler LLC toward a merger and threatening bankruptcy for both.
The moves came after Europe's second-biggest carmaker by sales PSA Peugeot Citroen ousted CEO Christian Streiff, replacing him with former Corus head Philippe Varin from June 1.
GM shares plunged around 20 percent in Frankfurt after steps outlined by the White House autos panel -- headed by former investment banker Steve Rattner -- marked a stunning reversal for management at both GM and private equity-owned Chrysler and took aim at GM creditors who had bet on its rescue.
"It feels heavy," said Joe Balestrino, senior portfolio manager at Federated Investment Management, about the tone in corporate credit. "It's more than GM. It's Geithner telling us that banks need more help, it's equities fading, it's bank CEOs talking about their profitability or lack thereof. It's not very pleasant."
With the exception of Japanese lenders, domestic banks are poised to steal market share in Asia from Royal Bank of Scotland, Citigroup and others with big government stakes.
Imports fell an annual 23.3 per cent to $16.82 billion in February. Oil imports fell 47.5 per cent during the month from a year earlier to $4.05 billion.
However, he remained cautious about fiscal 2009-10 that began today. "(The) growth in the next year may not meet our aspirations, but I look at the world with cautious optimism," he said.
After growing by a robust 30 per cent till September, exports have been shrinking in the second half. The government estimates do not project the annualised shipments to grow beyond 3-4 per cent.
Mr. Srinivasan, who is from the automobile industry, said it is early days to see a recovery in the sector. The commercial vehicles segment is still reeling under recessionary trends.
Along with the M800, MSI will also be phasing out its second oldest model, the utility van Omni. In the initial phase, the two models will be done away with in 11 cities from next year, where the Bharat Stage-IV emission norms (which is equivalent to Euro-IV norms) will become applicable.
Taxpayers will not have to pay levy on withdrawal of cash from banks with the government withdrawing the Banking Cash Transaction Tax (BCTT) from Wednesday. The government had introduced 0.1 per cent BCCT in 2005 on cash withdrawals of more than Rs 50,000 (individuals) and Rs 1,00,000 for others in a single day from non-savings bank account maintained with any scheduled bank. The tax has been withdrawn from April 1 following an announcement made by the then Finance Minister P Chidambaram in his budget speech for 2008-09, sources said.
"Why did Advani who was the Home Minister and also Deputy Prime Minister not raise the issue earlier when he was in office for six years"? Minister of State for External Affairs Anand Sharma said here.
Criticising Mr. Advani for attacking the UPA government about the "ill-gotten money deposited in Swiss banks in 2004", he sought to know whether no such money had been deposited prior to 2004.
Mr. Advani had claimed he had received an "evasive" reply from the government to his demand for bringing back money stashed in foreign banks, but the government had described the charge as "farther from the truth."
Flaying Advani's remarks describing Prime Minister Manmohan Singh as the "weakest" Prime Minister, Mr. Sharma termed it "unfair and uncharitable" and said it was high time he stopped making such statements.
Questioning Mr. Advani about his "very definition of a weak Prime Minister", Mr. Sharma said "a man who is firm, is a man of integrity and commands respect worldwide is called a weak Prime Minister".
On BJP Pilibhit candidate Varun Gandhi's alleged hate speech, Mr. Sharma said: "it is unacceptable in constitutional democracy. Such hate campaigns have no place in India."
Mr. Sharma said the Congress was contesting about 440 seats in the Lok Sabha polls and expressed optimism that it would win more seats this time than in 2004 when it bagged 145 seats.
He said the Congress had never formed a national alliance but always had "State-specific alliances", which it already has in eight States, the major being in Maharashtra, J&K, Tamil Nadu and West Bengal.
However, the issue of post-poll alliances would be addressed later "once the arithmetic becomes clear", he said.
Slamming the Left parties, especially the CPI(M) for "their mindset frozen in decades gone by", he claimed their ability to influence the voter was "going to diminish sharply in the coming days."
“I will not keep quiet; I will definitely fight,” Fernandes stated in the latest issue of his magazine, Pratipaksh. Recounting the deterioration of his relationship with Nitish, Fernandes said the Bihar CM has been ignoring party leaders and workers after the formation of his Government. Defectors, according to him, were given a share in the Government and dedicated leaders of the party were humiliated, he claimed.
US President Barack Obama said on Wednesday there was "enormous consensus" between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s. Obama played down any differences with France and Germany, which insisted again on the eve of the summit that G20 countries must agree on measures to tighten financial regulation and crack down on tax havens rather than simply make promises.
Leading energy company Reliance Industries, top mortgage firm Housing Development Finance Corp and outsourcer Infosys Technologies led the the rise, while No.1 telecoms firm Bharti Airtel and Bharat Heavy Electricals were laggards.
This is the MOST VOLATILE FREEseSEX on which SHINING HEGEMONY INDIA is BASED!
The mutual funds industry is sitting on a volcano as 75-80 per cent of its assets are short-term while it resorts to long-term lending to corporates, creating an asset-liability mismatch.
"This is a dangerous situation," said UTI MF's Chairman U K Sinha highlighting the need to take corrective measures. Flagging-off the issue, Sinha, however, made it clear that it is not a crisis situation warranting panic, but it is time the regulators looked at the issue.
"I have brought it to the notice of the concerned authorities that it has systemic risks," Sinha said when asked if he had taken up the matter with the Government and regulators.
Of the 75-80 per cent of mutual fund assets, which are short-term, Sinha said, a substantial investment came from banks.
Banking money with mutual funds in end-October was Rs 13,000 crore and it jumped up to Rs 90,000 crore by February, he said.
Though banks have long-term money, they are not lending but mutual funds, which have banks' short-term money parked with them, are lending long-term to corporates.
Led by IT major Wipro, Indian companies listed on American bourses saw rise in their total market capitalisation by as much as USD 9 billion in March.
The 16 Indian entities' trading as American Depository Receipts (ADRs) gained USD 9.08 billion in valuation for the month of March, with Wipro alone accounting for USD 2.06 billion.
Among the stocks listed on the New York Stock Exchange and Nasdaq, apart from Wipro, leading copper producer Sterlite Industries witnessed its market valuation jump by USD 1.75 billion.
Protesters smashed windows and clashed with police in London's financial district. Up to 400 demonstrators attacked offices of the Royal Bank of Scotland, shouting "These streets, our streets! These banks, our banks!"
The Royal Bank of Scotland has become a lightning rod for anger over banker excess that is blamed for the financial crisis. Rescued by the British government last October, RBS continues to pay its former boss an annual pension of around 700,000 pounds ($1 million).
Obama, making his first official visit to Europe, said G20 nations were not going to agree on every point but pushed aside suggestions the summit would falter because countries were split over the importance of regulation versus new stimulus packages.
"The core notion that government has to take some steps to deal with a contracting global market place and that we should be promoting growth -- that's not in dispute," Obama said at a news conference with British Prime Minister Gordon Brown.
"On the regulatory side, this notion that somehow there are those who are pushing for regulation and those who are resisting regulation is belied by the facts."
French President Nicholas Sarkozy earlier threatened to disassociate himself from any "false compromises" at Thursday's summit in London, the second such meeting of world leaders to try to tackle the problems created by the credit crunch. [ID:nL1152984]
German Chancellor Angela Merkel supported Sarkozy's stance and said she would make sure concrete decisions were taken.
Analysts said both were posturing largely for their own voters and staking their positions ahead of the meeting.
"I am not sure that NDA will get majority on its own. But if NDA emerges as single largest coalition then with post-poll alliances we will be able to form government with that,"Sushama Swaraj told reporters in Bhopal.
An apparently embarrassed BJP sought to quickly snub Sushma saying the NDA will form the government.
"We are strong, we are fighting under the leadership of Mr Advani and we should be there to form the government," BJP spokesman Siddarth Nath Singh said in New Delhi.
In reply to a question, Sushma said there was no question of the BJP distancing itself from Varun Gandhi, the party candidate from Pilibhit for the Lok Sabha elections, following his controversial hate speeches which saw the stringent NSA being slapped on him. Sushma had earlier suggested that the BJP was not inclined to utilise the services of Varun for its poll campaign outside Pilibhit.
Sushma said her party's reaction to Varun Gandhi was determined by the manner in which the Election Commission and Mayawati had treated him.
She also charged the Election Commission and Uttar Pradesh Chief Minister Mayawati with adopting double standards in the case of Gandhi
The very same Election Commission which was advising the BJP not to set up Varun as a candidate saw nothing wrong in criminals like Mukhtar Ansari and Atiq Ahmed contesting the elections, Sushma told reporters in Bhopal.
Similarly, Mayawati had slapped the National Security Act (NSA) on Varun, but took no action against people like Ansari who have been given the BSP ticket for Lok Sabha polls, she said.
Answering a question, the BJP leader said that personally she was against use of intemperate language by any person in politics.
Sushma said that in her view even the most harsh and strong words could be delivered with a lot of politeness and without losing any sense of control.
She also said the BJP was acutely feeling the absence
Pak as 'epicentre of terror' is a harsh reality: PM
London:Calling Pakistan the "epicentre of terrorism", Prime Minister Manmohan Singh has said the world community "has to come to grips with this harsh reality" and slammed Islamabad for failing to take "effective action" to curb the menace.
Ahead of his maiden meeting with US President Barack Obama on Wednesday, Singh said the world has a responsibility that Pakistan lives up to the promise that it will not allow its territory to be used to promote acts of terrorism directed against India.
He said not taking any action against the perpetrators of the Mumbai attacks is a "living proof" that Pakistan is not taking effective action to control terrorism.
"That is living proof that despite many promises made by Pakistan since 2004 to my predecessor and to me that Pakistan will not be allowed to be used to undertake acts of terror against India, in practice no effective action has been taken to control terror," Singh told 'Financial Times' in an interview, ahead of his visit here to attend the G-20 summit.
"We all know the epicentre of terrorism in the world today is Pakistan. The world community has to come to grips with this harsh reality," said the Prime Minister, who arrived in London on Tuesday.
He said the 26/11 attacks were planned and acted upon in Pakistani territory is now admitted by everybody, including the intelligence agencies of developed countries.
Asked why Lashkar-e-Taiba, the militant group blamed for the Mumbai attacks, has been able to bounce back so quickly, Singh said: "It is because the promises that the government of Pakistan have made to control terrorism and all its instrumentalities, they are either not able to control them or they are not willing to control them."
The Prime Minister said India and US would like both Afghanistan and Pakistan to be free from the hold of terrorist elements.
Asked how did he assess the chances of success for Obama's just-released AfPak strategy, he said: "I have not studied the Obama plan. We are victims of terrorism and we hope that whatever the world community plans to do they will pay adequate attention that terrorism ceases to be a problem in Afghanistan as well as Pakistan."
Singh said it has been India's experience in the past that there are elements in the armed forces of Pakistan, some segments of the ISI involved in perpetrating acts of terror, particularly the attack on the Indian embassy in Kabul.
"We have been told that the ISI in Pakistan has a different mindset. I hope that is right," he said.
Asked why Pakistan has not been able to tackle terrorism, Singh said: "I'm not an expert on how Pakistan is being run. But the proof of pudding is in the eating. That the attacks on Mumbai were planned and acted upon in Pakistani territory is now admitted by everybody.
If Sidhu can contest, then why not me: Sanjay
Bollywood actor Sanjay Dutt has confirmed that he was being threatened by a Union Minister's aide of "dire consequences" if he joined SP even as Congress dismissed the allegations as completely "baseless".
"Yes I can confirm that I was threatened by a senior aide of a Cabinet Minister and warned of dire consequences," he told a TV channel in a joint interview with SP general secretary Amar Singh.
Dutt, who was barred by Supreme Court from contesting the LS polls, however, refused to reveal the name of the person.
"I will reveal everything at the appropriate time. No one can stop me from being with Samajwadi Party," he asserted.
Meanwhile, Congress dismissed Dutt's allegations on Wednesday, terming it as completely "baseless."
"I think it is a self-serving claim. I would it dismiss as completely baseless unless they come out with anything substantial," she said.
In the joint interview, Singh said the "counsel of a very senior minister had also threatened Sanjay Dutt from joining SP".
"Sanjay was told clearly that should he take such a step, even his bail could be cancelled," Singh said, adding "there are certain managers of Sonia Gandhi and the Prime Minister who were against Sanjay joining SP."
Dutt confirmed Singh's charges. He contended that "I am not saying that there is a conspiracy against me, but there are people who are scared of my contesting from Lucknow."
Singh contended that if Navjot Singh Sidhu, who was convicted in a murder case, was allowed to contest elections then "why not Sanjay?"
"If Sanjay is denied then Sidhu should also be banned". Putting up a brave face, Dutt said he has no regrets about the Supreme Court's ruling. "If I cannot serve as a politician, I will serve as a citizen. I have no regrets. It has just started with me. I will be with SP till I die."
He said even though he will not be able to contest, he will campaign for SP throughout the country. "I am going to Lucknow on Wednesday and will stay there till the end," he said.
Denying any differences between him and his family over his joining politics, Dutt said, "There is no break-up in the family".
On speculations whether his wife Manyata could contest from Lucknow, Dutt said, "I have left all these decisions to the SP leaders. Whatever they decide, we will accept."
Wed, Apr 1 08:37 PM
Kolkata, April 1 (IANS) Amid high drama, Trinamool Congress chief Mamata Banerjee Wednesday fretted and fumed at a section of the media during an election rally here and alleged that they were trying to sabotage her meetings at the behest of the Communist Party of India-Marxist (CPI-M).
The firebrand leader lost her cool when two photographers tried to climb the dias to take snaps.
'Why are you trying to disturb my meeting? You are doing this every day. You are acting at the behest of the CPI-M. This can't go on,' she told the two photographers.
'I know which organisation you represent, and how it is funded by the CPI-M-run government,' said Banerjee at the rally in the northern part of the city in support of her party candidate Sudip Bandyopadhyay.
As the crowd of her supporters got restive, Banerjee asked them to stop.
However, she stopped her speech and went back to her seat on the dias, only to resume speaking after a couple of minutes.
'A section of the media is writing all sorts of nonsense against us. We don't care. But why should they conspire to disrupt my meetings?' Banerjee asked.
'There are CPI-M stooges and they are trying to infiltrate my meetings. I ask them not to do these. I don't want to see them on my dias from the next meeting. But I would also like to clarify that only two or three media houses are doing this,' she said.
Banerjee later named two TV channels and two newspapers and asked people not to watch or read these.
Wed, Apr 1 05:35 PM
Last season we saw Giorgio Armani going in for dhoti-pants and Jean Paul Gaultier's sari-dresses. In fact the House of Hermes, for which Gaultier is the chief designer, came out with a fragrance inspired by the backwaters of Kerala.
Well, the fascination for India goes unabated. At the Paris Fashion Week, Balenciaga's collection for fall 2009 was dubbed 'Sari Silhouette' collection.
Nicolas Ghesquire of Balenciaga drew inspiration from the drape of a sari and created tulip skirts and slim Jodhpurs that were paired with Maharani tops. In an interview Ghesquire stated, "India was something that was always there in the archives of the house.
But only after going there did I realise how deeply." He was in India in the fall of 2008.
House of Dior's fascination with India goes way back to 1950s when Christian Dior designed a sari for Princess Lillian de Belgique. At Dior's fall 2009 Ready-To-Wear collection shown in Paris, Galliano delved into Dior archives and that meant a collection with Indian influences.
Jackets appeared with Ikat prints. Coats came in purple wool with paisley-style teardrop-shaped Indian embroidery and rich brocades.
And the Indian influence is not just limited to clothes. Soon Dior is launching a fragrance that is named 'Pondicherry'.
Ricardo Tisci of Givenchy played with the sari drape too in his fall 2009 collection. Earlier the fashion house of Givenchy introduced Maharani range of colour cosmetics for summer 2009 in shades of Tangerine and Pink.
Its creator Nicolas Degennes said, "I have been, sometimes without realising it, inspired by historical, traditional India - the India of symbols and thousands of Gods, where even cows and elephants are made up and 'bejewelled'." At the New York Fashion Week, a young fashion label Port 1961 showed a collection inspired by the Mughal Courts of India.
Silk sari dresses came down the runway in long and short versions.
Tue, Mar 24 05:30 AM
Jack Gage, Forbes.com
Corruption is on the march. In 2008, the number of countries sinking deeper into the clutches of influence peddling, bribery and scandalous business dealings outpaced improvements by a 2 to 1 margin. Countries falling by more than 10 spots outnumbered risers 8.5 to 1.
Chad leads the way down in this year's report. With a heavy reliance on foreign assistance (mostly for oil exploration and development), the Sudanese neighbor gets black marks for corruption in the ranks of government officials--not surprising given its military dictatorship has been in place for 19 years.
In Pictures: Most Corrupt Countries
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No. 2? The Central Asian nation of Kyrgyzstan, where president Kurmanbek Bakiyev faces mounting opposition brought to a fevered pitch by recent allegations that his administration organized the assassination of a former administration official. Others in the top 10 include Azerbaijan, Venezuela, Cambodia and Ecuador.
In terms of economic impact, the debilitating affect of corruption is tangible: More than 5% of global gross domestic product, or $2.6 trillion, was smuggled, used for bribes or stolen from taxpayers in the past year, says the World Bank in a recent report. For honest companies, moving from a low corruption climate to one where corporate and government misdeeds are more prevalent can represent as much as a 20% additional tax on top of the normal costs of doing business.
Socioeconomic risk experts at the Eurasia Group also warn of corruption's corrosive effect on foreign investment. Especially in times of sluggish economic activity--and in many developed nations, recession--the added drag of distrust on the part of investors and business owners can take a mighty toll.
"Corruption is the single greatest obstacle to economic and social development," says Fluor Corp. CEO Alan L. Boeckmann in the report.
Nations with the highest risk of corruption are often the desperately poor, where foreign aid and assistance can easily be transferred through back channels of oppressive regimes. As a result, the impact of corruption can extend well beyond any economic detraction to affect the quality of life for millions of citizens.
"Corruption is a major cause of many human rights abuses," says Irene Khan, secretary general of Amnesty International, in a December 2008 report by watchdog Transparency International.
One example Khan cites is Zimbabwe, the poorest nation in the world at just $200 of GDP per capita. The African nation fell 13 places among the 127 countries in our ranking, according to TI's perceived levels of corruption. Recent reports accused president Robert Mugabe of stealing over $7 million in foreign aid meant for the distribution of medicine to combat, among other diseases, widespread malaria in the region. Instead, Mugabe allegedly used the payments to fund political activities.
Even in developed nations, corruption can often occur in the procurement of government projects--and within established corporations. Italy fell 12 spots in the corruption category after its government passed legislation granting top officials immunity from prosecution while in office. Perhaps not coincidentally, Prime Minister Silvio Berlusconi had been involved in an ongoing investigation regarding the payment of more than $500,000 from undisclosed funds to the husband of an Olympic minister in the U.K.
Japan and Canada were also cited in a 2008 report by Transparency International as having sub-par enforcement standards vis-Ã -vis accepted G7 guidelines for bribes from foreign businesses. TI could find only one case in each country pursued by local authorities, compared with more than 40 investigations in Germany, 19 in France and 16 in Switzerland.
Industries can also be particularly prone to corruption, with greater levels of bureaucracy often increasing the likelihood of misuse. TI contends that public construction projects, water sanitation, oil and gas development and defense contracting most often show a proclivity for abuse of public and investor funds.
Wed, Apr 1 06:27 PM
Brussels, April 1 (DPA) There can be no alternative to a two-state solution for the Palestininan crisis, Middle East Quartet envoy Tony Blair said here Wednesday, a day after the Israeli government of Benjamin Netanyahu was sworn in.
'There is no alternative to a two-state solution, except the one-state solution. And if there is a one-state solution, there's going to be a big fight,' Blair said after a meeting with European Union (EU) officials in Brussels.
Blair, who spearheads efforts to promote Israeli-Palestinian peace talks on behalf of the Mideast Quartet of the EU, Russia, the UN and the US, was responding to concerns that Netanyahu may oppose granting Palestinians their own state.
'I think that once the new (Israeli) government settles in ... we can get credible political negotiations going, because that is the only way we are going to achieve results,' Blair said.
The former British premier said the next six months would be 'critical' for the Middle East peace process.
'I do believe that if there is no significant progress in 2009, we face a situation of great jeopardy for the peace process,' he said.
The EU's external affairs commissioner, Benita Ferrero-Waldner, also called on Israel to commit itself to a two-state solution for the Middle East and urged for opening the border crossings into Gaza to allow European aid to reach Palestinians.
The new Israeli premier Wednesday vowed to work towards a comprehensive peace with the Arab and Muslim world. But he did not speak of a two-state solution, which would see
a Palestinian state created alongside Israel.
Chennai (PTI): Calling for measures by the Sri Lankan government to safeguard and protect Tamils in the island nation, Congress President Sonia Gandhi on Wednesday said the "first step" needed was cessation of hostilities to enable "innocent people to move to safety zones".
"We believe strongly that it is necessary for the Sri Lankan authorities to take whatever steps are needed to safeguard and protect them and their interests," she said.
"The first step would, obviously, be cessation of hostilities," she said in a letter to Tamil Nadu Chief Minister M. Karunanidhi.
The Congress chief said her party and the UPA government are committed for a negotiated settlement with a devolution package to ensure "equality and equal rights for Sri Lankan Tamils within the framework of a united Sri Lanka".
In her letter, a copy of which was circulated to media here, she said the ongoing conflict and extreme suffering of thousands of innocent Tamil citizens of Sri Lanka, especially women and children, caused deep anguish to everyone.
Recalling Prime Minister Manmohan Singh's recent letter to Mr. Karunanidhi, she said the government has been constantly in touch with authorities in Colombo on a number of proposals, in particular on the cessation of hostilities, so as to enable all innocent people to move to safety zones.
Ms. Sonia Gandhi said the Congress has for nearly three decades espoused the cause of Tamils in Sri Lanka and has urged successive Sri Lankan governments to ensure that all communities, including the Tamil speaking people, were guaranteed and enjoy equal rights within the framework of a united Sri Lanka.
"I would like to assure you that our Prime Minister has spoken for us all in the Congress party in his letter to you where he enumerated the steps taken by the UPA government in relation to recent events in Sri Lanka," she added.
In his March 25 letter to Mr. Karunanidhi, Mr. Singh said the Sri Lankan President affirmed his commitment to bring about a devolution package "fully satisfying" the Tamils.
"We may wait and see what steps are being fully taken in this regard," he had said.
In her letter, Ms. Sonia Gandhi appreciated Mr. Karunanidhi's views and sentiments about the alliance between the Congress and the DMK. She expressed confidence that the alliance would do well in Lok Sabha polls.
"I am reassured that you are personally taking steps to see to the good performance of the alliance," she said.
Patna (IANS): Veteran socialist leader George Fernandes, denied a ticket by the Janata Dal (United) ((JD(U)), on Wednesday filed his nomination papers as an independent candidate from Muzaffarpur constituency in Bihar, hours after he was reported to have taken ill.
Mr. Fernandes, 78, was accompanied by JD(U) MP Digvijay Singh, former Bihar chief minister Jagannath Mishra, former MP Ram Jeevan Singh and dozens of other socialist leaders. Besides, hundreds of his supporters were present when he filed the papers.
Mr. Fernandes had earlier said he would not fight as an independent but as a party candidate. He arrived in Patna on Tuesday from New Delhi and left soon for Muzaffarpur, 70 km from here.
The JD(U) denied him a nomination on the grounds of his "advancing years and failing health."
But Fernandes said some people were behind spreading rumours that he was not well and insisted he could contest elections. "It is a big lie, I am healthy," he said.
However, early on Wednesday, he was reported to be feeling weak.
"Fernandes was unwell last night, and when he got up he avoided his morning walk. He suffered a bad stomach and felt weak," Ram Jeevan Singh said.
The official JD(U) candidate from Muzaffarpur, Jai Prakash Nishad, is effectively facing a revolt within the party and from workers of alliance partner Bharatiya Janata Party.
We won’t rock Congress: Amar Singh
Mar 31st, 2009 | By Elections2009 | Category: Interviews
Samajwadi Party general secretary Amar Singh has come a long way since he became an unwanted guest at Congress president Sonia Gandhi’s residence after the election in 2004. He was instrumental in bailing out the UPA government in Parliament last year, after the Left parties withdrew support. By abandoning the Left and embracing the Congress, Mr. Singh has shown that there are indeed no permanent friends or foes in politics. He spoke to GARGI PARSAI about the 2009 elections.
In the last elections you did well, despite being isolated. What does it look like this time round?
Last time, the responsibility of pulling us into the mainstream was with the Left parties. You will be surprised to know that just to placate CPI(M) general secretary Harkishan Surjeet — who was peeved at our stand of not supporting Sonia Gandhi as Prime Minister — our parliamentary board decided to abide by whatever he said. That’s why when he asked, I accompanied him to 10 Janpath [Ms. Gandhi’s residence]. The rest, as they say, is history. I expected the Left parties to stand up for us. But that did not happen.
The most formidable Third Front experiment was started by us in the form of the United National Progressive Alliance — a name given by AIADMK chief Jayalalithaa, for whom I have great admiration. I have found her to be very straight. She questioned the double role of the Left parties which, she said, were running the Congress-led Central government. She said they were also responsible for the formation of the DMK government in Tamil Nadu on the one hand, and had a proxy presence in the UNPA in the form of the SP, on the other. We sacrificed our relationship with Jayalalithaaji [then] for the sake of the Left. Today, the irony is that the Left parties and Jayalalithaaji are together [in the Third Front] and we are out. CPI(M) general secretary Prakash Karat cannot hold a normal conversation with me because I am in the company of the Congress.
Your party’s support to Kalyan Singh has caused heartburn among the Muslim community and in your own party.
Kalyan Singhji is not contesting the election on a SP ticket. He is going to become a great fertiliser for the eradication of BJP politics. Minus Kalyan Singh there is no BJP in Uttar Pradesh. With Ayodhya, Mathura and Kashi in Uttar Pradesh, the State has become the biggest laboratory for Hindutva. If the biggest propagator is going to discard the policy to join the politics of Mulayam Singh, it should be appreciated.
Is the UPA disintegrating with the failure of the Congress to strike pre-poll alliances in Bihar and Uttar Pradesh?
I don’t think so, because neither Lalu Prasad, Ram Vilas Paswan or Mulayam Singh has questioned the prime ministerial claim of Manmohan Singh. Not even Sharad Pawar. They are unhappy with the big-brotherly attitude of the Congress.
In our case, we are particularly unhappy with the interlocutors of the Congress. Despite her sincerity and commitment, Ms. Gandhi could not overrule the will and decision of her managers for working out a pre-poll alliance.
Is Mr. Mulayam Singh’s coming together with Mr. Lalu Prasad and Mr. Paswan a long-term strategy?
This will be a lethal and formidable combination in the two States with 120 seats. As far as we are concerned it is long-term. We are not talking about leadership issue or government-formation right now. But one thing is for sure — Laluji-Mulayamji and Paswanji have decided not to rock the boat of the Congress led by Sonia Gandhi.
What about the longevity of the Left-led Third Front?
I have my own doubts, because barring the Left parties, everybody in the Third Front has a dubious record as far as secularism is concerned. The only consistent secular parties are the Left parties, the SP and the Congress. Ironically, they are headed in different directions.
Who will the SP align with after the elections?
I don’t see any other party other than the Congress because Prakash Karatji, by aligning with [the Bahujan Samaj Party’s] Mayawati, has closed the door on us. Also, the relationship between the Congress and the Communist parties is very bad and has become worse because of the coalition between the Trinamool Congress and the Congress in West Bengal.
Under the circumstances, we don’t have any option but to be with the Congress.
What are the issues in this election?
The misrule of the Mayawati government, criminalisation of politics, corruption and the money-collection spree of the BSP. This is a big moral question and it’ll be difficult for the Left to justify it.
Because Mayawati is in power, the negativity created by her opponents will benefit only the SP as politics in U.P. has become bipolar.
http://blogs.thehindu.com/elections2009/?p=750
AIFB for joining government
Mar 22nd, 2009 | By Elections2009 | Category: West BengalMarcus Dam
The All-India Forward Bloc wants its Left partners to join the government if the Third Front comes to power.
“We will not shirk from our responsibility as the Left parties have been instrumental in getting non-BJP and non-Congress parties together to forge a third alternative,” AIFB general secretary Debabrata Biswas told The Hindu here on Friday.
“We expect more to join us from both the NDA and the UPA,” Mr. Biswas said, shortly after releasing the party’s election manifesto.
“The Left parties will be announcing a joint programme on March 24 for the coming elections,” he said.
Killer tornado stikes Orissa third time in 30 years
Bhubaneswar (PTI): The killer tornado which ripped through Kendrapara district in Orissa on Tuesday was the third such tornado in the state during last 30 years, official sources said on Wednesday.
The first such incident had claimed as many as 150 lives in Keonjhar district on April 10, 1978.
The second incident was reported on March 24, 1998 where as many as 160 people both from Orissa and West Bengal died in a tornado. Jajeshwar area in Orissa's Balasore district bordering West Bengal was ravaged in the storm.
The latest tornado in Kendrapara district last evening claimed 10 lives leaving over 150 injured.
At least four persons, including a pregnant woman along with a child, died in a similar storm three days ago in Dhenkanal district, but the administration was yet to confirm whether it was due to tornado.
"Though India as a country was not prone to tornado, such incidents take place ocassionally", OFIMD director at Bhubaneswar Sarat Sahu said.
According to Sahu, climate in Orissa's Keonjhar and Mayurbhanj districts were conducive for tornado like calamities.
Washington (PTI): Solving the problem of terrorism in Afghanistan and Pakistan is the responsibility of the entire world community and not the United States alone, a senior Obama administration official has said.
"There's a genuine recognition that this region and these countries are not simply a concern of just the United States, but instead a concern of the world," White House spokesman, Robert Gibbs, said on Board Air Force One en-route to London.
Similar statements, in this regard, were made by the U.S. Secretary of State Hillary Clinton, at The Hague during the international meeting on Afghanistan.
"The Secretary of State (Hillary Clinton) was pleased with what she heard in public and in private about commitments to resolving the concerns that we have in this region of the world," he said.
"We all recognise the need to support the people of Afghanistan as they build up their security services, strengthen their economy and institutions, and work with their neighbors to build a safer region," Ms. Clinton had told reporters at The Hague.
Mr. Gibbs said The Hague conference has brought the world together on a platform on this issue.
"As you know, the President committed at the beginning of his administration to reviewing our policy — not simply as one that relates to Afghanistan or one that relates to Pakistan, but one that relates to the region as the whole," he said.
UPA policy on terrorism, Pakistan 'deeply flawed': Advani
Bhubaneswar (IANS): The Congress-led central government's policy on terrorism was "deeply flawed", Bharatiya Janata Party leader L.K. Advani said here Wednesday while expressing "shock" at Prime Minister Manmohan Singh's statement about India and Pakistan jointly fighting terrorism.
"I am shocked by the statement by Prime Minister Dr. Manmohan Singh reiterating his earlier stand that India and Pakistan should jointly fight the menace of terrorism," the BJP's prime ministerial candidate told reporters.
He was responding to Manmohan Singh's remark Tuesday on the sidelines of the civil investiture ceremony in Rashtrapati Bhavan. "I have always said that India and Pakistan have to face jointly the scourge of terrorism," the prime minister had said while expressing his sympathies to Pakistan over the terror attack on a police academy near Lahore.
"This statement echoes Dr. Singh's stand adopted after his meeting with the former Pakistani president General Pervez Musharraf in Havana in September 2006 that India and Pakistan should establish a joint anti-terror mechanism," Advani, who is here on a two-day campaign tour, said.
"I had personally questioned the rationale of India joining hands with a country whose government had refused to fulfill its 2004 commitment to dismantle the anti-India terror infrastructure on its territory."
"The fact that Pakistan itself has been the victim of home grown terrorist incidents cannot be an argument in favour of an India-Pak joint mechanism to fight terrorism," Advani said, describing the United Progressive Alliance (UPA) government's policy on fighting terrorism as "deeply flawed".
Pakistan, he said, had created a Frankenstein that its rulers in Islamabad were unwilling to vanquish because they know it can be used in their proxy war against India.
"Another proof of the Congress-led UPA government's flawed policy towards Pakistan was the prime minister's shocking statement in October 2008 that he wanted to see the border between India and Pakistan become irrelevant."
"Our country has paid a heavy price because of the UPA government's wrong neighbourhood policy, made worse by the Congress party's policies of minorityism at home," the BJP leader added.
Advani, who landed here Tuesday, addressed several poll rallies in western Orissa soon after his arrival and is scheduled to address several meetings on Wednesday as well. This is his first trip to the state after the BJP's 11-year coalition with Orissa's ruling Biju Janata Dal (BJD) collapsed last month.
Orissa will go to the polls in two phases on April 16 and April 23 to elect 147 members to the state assembly and 21 members to the Lok Sabha. The BJP has announced it will contest all Lok Sabha and assembly seats alone
Atmosphere in Assam not conducive for fair poll: AGP, BJP
Guwahati (PTI): AGP-BJP combine on Wednesday accused the ruling Congress in Assam of vitiating the atmosphere in the state making it "non conducive for free and fair Lok Sabha elections".
"There is total breakdown of law and order with incidents of bomb blasts in the capital city Guwahati. The atmosphere is not conducive for free and fair poll," spokesmen Atul Bora (junior)(AGP) and Pradeep Thakuria (BJP) told reporters here.
"The blast yesterday (Tuesday) took place minutes before External Affairs Minister Pranab Mukherjee addressed an election meeting in the city which shows there is no semblance of law and order," they claimed.
The government, they said, was "intentionally trying to vitiate the atmosphere to ensure that free and fair poll does not take place," the leaders alleged.
The two parties were also critical of the Congress for not including the Bangladeshi infiltration issue in its manifesto.
"Mukherjee himself has admitted that the issue was not reflected in the manifesto. The Congress has done this in the fear of losing the support of the minority community, most of whom are infiltrators from Bangladesh," they alleged.
Ration card as ID proof: EC decision in two daysMumbai (PTI): The Election Commission (EC) on Wednesdaysaid it would decide within two days whether a voter can use ration card as identity proof for casting vote in the coming Lok Sabha elections.
It said the National Rural Employment Guarantee Scheme and Health Insurance cards could be used to prove the voter's identity this time, in addition to other ID cards which are now used for the purpose.
Election Commissioner S.Y. Quraishi, who is here to review poll preparation in Maharashtra, discussed the ration card issue with the State officials.
"We will have to review the issue. It (ration card) does not have photograph, so it could be objectionable. We will sort it out in two days," Mr. Quraishi told reporters here.
Maharashtra Navnirman Sena (MNS) chief Raj Thackeray had met the State Chief Electoral Officer last month, demanding that ration card must not be used as identity proof for polling as the document does not have a photograph of the holder.
New Delhi (PTI): Don't be surprised if the next call on your cell phone is from your area candidate or you come across a very catchy ring tone promoting BJP with the IT cell of the Delhi unit of the party coming out with a blue print to extensively use hi-technology to its advantage.
Value added services on mobile phones such as SMS and e-mail campaigns, blogs, conversion of all the promotional songs into MP3 format and using social networking sites- Facebook and Orkut- are some of the methods to be used in the campaigning for Lok Sabha polls next month, according to the blue print.
Convenor of IT cell Vivek Goel said "almost all the seven constituencies in the capital have substantial number of young voters and the party plans to use the high technology to best of its advantage to get them."
"The use of e-mail, webcasts, SMS, MMS, blogs and social networking sites will help us connect with the young voters and we are encouraging our candidates to use these mediums," Goel told PTI.
He said IT cell is also encouraging candidates to create their websites and blogs through which they will be able to communicate with the media as well as net-savvy citizens.
The party also plans to use the interactive voice response or IVR which is a computerised phone system that enables a telephone caller to get answers to standard inquiries through automated process.
As per the plan, the party will also seek to use bluetooth technology through which voters can receive contents such as video clips, music and other information on their mobile phones.
The IT cell also plans to convert all the promotional songs into MP3 format and upload them on websites of party leaders.
Mr. Goel said the party will also launch an SMS campaign which will be divided into four phases. "SMS campaign remains a major communications opportunity and we will use it to the hilt." He said the party may also use the voice SMS also for the campaign.
At the national level also, the BJP is trying to exploit the cyber space to a great extent as it is using Google's AdWords and AdSense to promote the party on more than 30,000 websites and blogs.
The Congress is also not far behind as it also plans to use Google technologies for advertisements on various popular websites.
BJP had launched a web campaign "Advani for PM" recently, spread over 2,000 websites worldwide.
Gorakhpur (UP) (PTI): Samajwadi Party chief Mulayam Singh Yadav has said he is not in the race for prime minister's post, but his aim is to form a "secular" government at the Centre.
He said for this reason only his party had supported the Congress on nuclear deal issue.
"The post of the Prime Minister or a union minister is not important for me than forming a secular government at the Centre. I am not in the race for the Prime Minister's post," Yadav said.
Addressing public meetings in Majhgawan (Bansgaon constituency) and Pipigunj (Gorakhpur constituency) from where Sharda Devi and Bhojpuri actor Manoj Tiwari are contesting the polls respectively on SP tickets, he lashed out against what he called the BSP's "caste-based politics" and BJP's "attempt to divide" the country on communal lines.
Yadav said on Tuesday that the SP had spared key constituencies for Congress as a "goodwill" gesture.
He asked the people to vote for a non-BSP, non-BJP Government at the Centre
CPI-M rebels in fray in five seats of Kerala
CPI(M) justifies invoking of NSA against Varun
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