Troubled Galaxy Destroyed Dreams: Chapter 241
Palash Biswas
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Chat Topic: Can the Congress trust Mayawati?IBNLive.com - 9 hours ago Not long ago, the Mayawati-led BSP had pitched itself as part of the Third Front, projecting itself as a national alternative to the Congress. ... SC orders Mayawati govt to reinstate 18000 copsIBNLive.com - May 25, 2009 New Delhi: Just a week after her poll debacle, there is another setback to Uttar Pradesh Chief Minister and Bhaujan Samaj Party chief Mayawati. ... Maya continues to juggle with police administrationEconomic Times - 7 hours ago NEW DELHI: She may have been handed out a snub by the electorate in her state, but Uttar Pradesh chief minister Mayawati continues with her experiments in ... Pass percentage improvesTimes of India - 6 hours ago The pass percentage last year was being seen as a fallout of Mayawati government's strict orders of implementing anti-copying norms and revoking the ... With Rs 500 each, they took on MayawatiIndian Express - May 26, 2009 Supreme Court has ordered Mayawati Govt to provide provisional appointments to the constables dismissed in 2007. Theirs is a story of grit, perseverance and ... BSP nominates nine members to UP Legislative CouncilTimes of India - 21 hours ago 27 May 2009, 1520 hrs IST, PTI LUCKNOW: The Mayawati government has nominated nine members to the Uttar Pradesh Legislative Council but the ruling BSP will ... Mayawati shops for power to meet 24-hr supply targetIndian Express - May 25, 2009 In order to meet its target of 24-hour power supply by 2012, the Mayawati government is planning to purchase 2000 MW power from the open market for the next ... Mayawati reviews progress of developmental works in UPIndopia - May 24, 2009 Lucknow , May 24 Uttar Pradesh Chief Minister and BSP supremo Mayawati today held separate meetings with party legislators and reviewed the progress of the ... Cops asked to spruce up serviceTimes of India - 14 hours ago VARANASI: Following the line drawn by chief minister Mayawati to eliminate corruption at lower level to ensure relief to people, especially the downtrodden, ... Stung by defeat, Mayawati to revert to Dalit agendaEconomic Times - May 19, 2009 LUCKNOW: Stung by the results in the just-concluded Lok Sabha polls, BSP leader and Uttar Pradesh Chief Minister Mayawati on Tuesday advocated returning to ... |
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Dalit NRIs opt to set up gurdwaras in foreign landsTimes of India - 8 hours ago CHANDIGARH: Affluent Dalit Non-Resident Indians are something unheard of. Punjab's Doaba region alone has sent an estimated 20 lakh of them abroad, ... Justice for Dalit victims on same day, says MayawatiHindu - May 26, 2009 The Chief Minister directed the DGP and the Principal Secretary (Home) that in incidents related to murder or rape of Dalits, the area would be visited by ... Dalits favoured in UPA cabinetExpress Buzz - 5 hours ago Significantly, Dalits have been included in a big way in the new Cabinet, keeping in mind the revival of the Congress in UP, Bihar and Madhya Pradesh where ... Out: Heartland grip In: Ex-cms & DalitsCalcutta Telegraph - 10 hours ago The other standout features of the ministry are a high number of Dalits and former chief ministers and fewer Muslims than expected. ... Chhedi Paswan denounces Ram Vilas's Dalit politicsTimes of India - May 26, 2009 PATNA: With the NDA making a dent into the Dalit vote bank in the just concluded elections to Parliament and total rout of LJP in Bihar led by Dalit ... Most members of Dalit sect don't follow Sikh tenetsTimes of India - May 26, 2009 ... their identity lies in the Ravidassia ideology, and with followers of Guru Ravidass, a Dalit saint of the 14th century Bhakti movement of India. ... Dalits in Canada call Vienna killing 'act of terrorism'Hindu - May 25, 2009 Considered to be one of their largest groups anywhere in the West, the Canadian Dalits number about 15000. Sant Rama Nand, 57, who headed Dera Sach Khand ... Vienna incident- Jat-Dalit divide flashpointPunjabNewsline.com - 22 hours ago The Vienna incident is the result of a simmering undercurrent of animosity between the dominant Jat Sikh community of Punjab and the largely Dalit Sikh ... Sikhs succumb to casteismExpress Buzz - May 26, 2009 These antagonistic sentiments between the Jat Sikhs and the Dalit Sikhs have been heightened by several other factors. One is the establishment of various ... Vienna clash may put caste in global spotlightTimes of India - May 25, 2009 But dalit lobbies say that Vienna bloodshed has blown holes in the argument that caste was an Indian phenomenon, firmly showing that it had spilled out on ... |
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Out: Heartland grip In: Ex-CMs & Dalits - Singh’s full council lays stress on east, west and south | |
| RADHIKA RAMASESHAN | |
New Delhi, May 27: The heartland’s hold on decision-making has been broken. Manmohan The Out The Uttar Salman Khursheed’s The Sources Although Sushil At Of On In Deshmukh’s But Deshmukh, Deshmukh, If With inputs from Satish Nandgaonkar in Mumbai | |
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http://www.telegraphindia.com/1090528/jsp/frontpage/story_11030536.jsp
Mayawati is defeated in the First Ever Varna Yuddha, Open Caste War in the History of Indian Parliamentary democracy thanks to Caste Hindu Vote Polarisation against Dalit Empowerment, Manipulated by Desi Zionist Illuminati, India Incs, Toilet FDI fed Media, Civil society,Intelligentsia and Hindutva forces! Just in a way as they SAVED UPA Government aligning with NDA while the Left projected Mayawati, the Dalit Girl as the Next Prime Minister face. So they got unexpected results in Caste strife torn North India as UPA romped home with decisive Mandate to continue Mass Destruction!
Bengali Brahamin Pranab Mukherjee has been the Key man who won the caste war for the Ruling Brahaminical Hegemony and succeeded to defeat the reluctant LEFT as well.
Now Pranab emerges the Political face of DIVESTMENT,more political, strategic and human than Disinvestment, for hard sell of national resources and Production units depriving our people of JOB,Livelihood and Purchasing capacity for survival and sustenance!
Mayawati is stopped for the time being and she is not DEFLATED in any sense. So North India and Mayawati are TARGETED once again using the best toll traditional, Manmohan and Sonia Brigade co opts some Dalit Faces in the Cabinet to appease and divide the black Untouchables.
I have written and spoken so many times that Post Ambedkar Indigenous leaders failed to uphold the Ambedkar Ideology and legacy as the Indian Marxists deviated from Marxism!
This Ideological deviation is the mother of all Calamities as the Gang of Killers and Immoral Impostors,Washington slaves and LPG Mafia backed by Desi and Global Illuminati, Zionism and US Corporate Imperialism as well as Desi fascist Hindutva got FULL CONTROL in affairs related to this DIVIDED Bleeding Geopolitics. it turned out to be an INFINITE War Zone and our people have no OPTION but to wait for their TURN to be Killed!
DR BR Ambedkar was a national Leader as Netaji Subhash Chandra Bose, MD Ali Jinnah and Deshbandhu CR das had been.
DR Ambedkar won TRADE UNION Right for us. Ensured Hindu Code and maternity leave for our enslaved Sudra women. Fixed eight hours working time. His work as the labour Minister in British council of Minister is NEVER kept in Mind and he has been Portrayed a DISASSOCIATED personality from the Productive forces! This is the Greatest Hinderance that our people constituting most of the Productive and Social forces failed to mobilise themselves against LPG Mafia and the KILLER Money machine! We just became habitual to bear with the Leftist Trade Unions forgetting the role of Ambedkar in trade Unions Movements and the Marxists, led by Bengali and Malayali Brahmans BETRAYED. for last Forty years they are TAGGED with Bargaining and coalition formula and kept the Trade Union as well as Peasant and student Movement into deep FREEZE! Lest they should COME OUT in resistance,so the Manusmriti Hegemony of UPA and NDA chalked out HUNDRED days` plan dictated by India Incs for the FINAL KILL.
In Bengal, sizable section of BRAHAMINICAL Hegemony and civil society stood Rock solid with Resistance Face MS Mamata Bannerjee and her Trinamul congress to VOTE OUT the Marxists!
But eventually Mamata and TMC also Joined the KILLERS Gang as they never had any Political or Social or Economic Vision or willpower to liberate the Majority Indigenous and Aboriginal communities Enslaved! Mamata , in hand in Hand with Pranab Mukherjee may no prove SAVIOUR of black Untouchables what if the MATUAS led by Thakurnagar Hegemony rally behind her.
Kolkata Civil society and Intelligentsia never stood with us for our Citizenship, Reservation,Civil and Human rights. they rejected the EXISTENCE of OBC in Bengal. they practice Scientific UNTOUCHABILITY co opting the best amongst us! They deny any SPACE for the Black Untouchables in any sphere of life! they Kept MUM for SIX decades about the PLIGHT of our People scattered systematically to monopolise Brahamincal state Power and Culture and Nationality and Mother Tongue. They remained silent for THIRTY years against ETHNIC CLEANSING in Marichjhanpi by comrade Jyoti Basu assisted by ASHOK MITRA and BUDDHADEB!
AILA exposed the METRO based media and CIVIL Society once again. They have no tears for the Black UNTOUCHABLES WHO LIVED IN MORE THAN SEVENTY Villages adjoining SUNDER VANA, WSHED OUT.
They keep on CRYING for ELECTRICITY and Water for the PRIVILEGED Metro and SUBURBAN!
They have not a DROP of TEAR for the DEAD and INJURED and launched an ELECTIONEERING Campaign eying Corporation and Assembly Elections shaped in COMPASSION COMPETITION so NAKED.
I am afraid that MOBILISATION of Black UNTOUCHABLES against LPG ANTI NATIONAL Mafia is very TOUGH in Bengal as well as in north India for the same reason as we never try to UNDERSTAND the AMBEDKAR Ideology. Since Dr Ambedkar was elected to the Constituent Assembly defeating PR Thakur, the Grand son of GURUCHAND Thakur, Matuas never follow AMBEDKAR! Two Hundred years of DALIT Renaissance in Bengal failed to invoke the Black Untouchables in Bengal as PR Thakur Family joined CONGRESS.Now they affiliate themselves with MAMATA Bannerjee, the best associate of PRANAB MUKHERJEE. Matua Mother BADO MAA appeals MAMATA to solve the Dalit Refugee Problems as Three CORORE Matuas support TMC as she claims!
Just remember the role of the Power Axis of PRANAB ADWANI and BUDDHA in nationwide DEPORTATION DRIVE against Bengali refugees.
What change?
Only change I see that MAMATA takes the place of BUDDHA in the AXIS!
Dr AMBEDKAR pleaded for ANNIHILATION of Caste and struggled for Caste less classless Society based on EQUALITY and Fraternity and Justice.
DR Ambedkar NEVER supported Caste System or CASTE Hegemony.
BUT POST AMBRDKAR Movement is all about a DALIT HEGEMONY to replace BRAHAMINICAL Hegemony sustaining the Caste System, Manusmriti Rule, LPG mafia ,SEGREGATION of OBC and TRIBALS and Minorities!
Hence UPA as well as NDA and the MARXISTS do SUCCEED to sustain the GREAT caste DIVIDE to defeat and kill our people!
Meanwhile, The Union Council of Ministers was expanded
on Thursday with the induction of 59 ministers including three former
chief ministers Vilasrao Deshmukh, Farooq Abdullah and Virbhadra Singh
at the Cabinet level.
In all, 14 cabinet ministers, including DMK nominees
M K Alagiri, Dayanidhi Maran and A Raja, and Congress' Mallikarjun
Kharge were sworn in by President Pratibha Patil, six days after Prime
Minister and 19 others took oath in the first instalment.
Seven Ministers of State with Independent Charge,
including Praful Patel of NCP, Prithviraj Chavan, Salman Khursheed and
Jairam Ramesh and 38 Ministers of State were also sworn in at a
ceremony in the Rashtrapati Bhawan attended among others by Vice
President Hamid Ansari, Prime Minister Manmohan Singh and Congress
President Sonia Gandhi.
With Thursday's induction, the strength of the
Union Council of Ministers goes up to 79, including the Prime Minister,
the same as the previous UPA government after the exit of Shivraj
Patil.
M S Gill, Selja, Subodhkant Sahay, G K Vasan,
Pawan Kumar Bansal, Kantilal Bhuria were the other cabinet ministers
inducted today, all from Congress who have been elevated from the
status of Ministers of State. Mukul Wasnik, an MoS in the P V Narasimha
Rao government, has been brought in as a Cabinet Minister.
Sriprakash Jaiswal and Dinsha Patel have been
elevated as Ministers of State with Independent Charge while Delhi MP
Krishna Tirath makes her ministerial debut in the same category.
Prominent among the new ministers who were sworn
in were Shashi Tharoor, a former UN diplomat who won from
Thiruvananthapuram, Sachin Pilot and Praneet Kaur, wife of former
Punjab Chief Minister Amarinder Singh, and Agatha Sangma, daughter of
former Lok Sabha Speaker P A Sangma.
The expansion also saw induction of six Trinamool Congress MPs, four from DMK and one from Muslim League.
Of the 14 new Cabinet ministers, Kharge, a senior
leader from Karnataka, Selja and Wasnik belong to Scheduled Caste while
Bhuria belongs to Scheduled Tribe. Tirath also belongs to Scheduled
Caste.
Deshmukh, who belongs to dominant Maratha caste,
had to quit as Chief Minister in the aftermath of terror attack in
Mumbai in November last year.
The other Ministers of State who would be sworn in
are E Ahamed (Muslim League), V Narayanasamy, Namo Narain Meena,
Srikant Jena, Mullapally Ramachandran, A Sai Prathap, Harish Rawat, D
Purandeswari, Panabaka Lakshmi, Ajay Maken, Gurudas Kamat, K H
Muniyappa, Jyotiraditya Scindia, Jitin Prasada, M M Pallam Raju,
Mahadev Khandela, and K V Thomas (all Congress).
Sensex up 1.3 pct; Reliance, L&T lead
Reuters
Posted: May 28, 2009 at 1302 hrs IST
Mumbai
The BSE Sensex shrugged off a shaky start and rose 1.3 per cent on
Thursday, as investors covered short positions on the last day of
monthly derivatives contracts.
Energy giant Reliance Industries and leading engineering and construction firm Larsen & Toubro led the gains.
"Today, anything that happens will depend on the derivatives expiry," Arun Kejriwal, strategist at research firm KRIS, said.
By 12:12 p.m., the 30-share BSE index was up 1.3
per cent at 14,289.64 points, with 24 stocks advancing, after briefly
turning negative in early deals.
The benchmark has gained three-quarters of its
value from a 2009 low in early March, riding a global rally and fuelled
by about $5.5 billion of investments from foreign funds.
Expectations are high after the Congress party-led
coalition won a second term and Finance Minister Pranab Mukherjee said
the government needed to push long pending reforms in the financial
sector and in the real economy to support growth.
India's annual inflation was at 0.61 per cent in
the 12 months to May 16, matching the previous week's annual rise,
government data showed on Thursday.
Reliance, which has the most weight in the main
index, rose 1.6 per cent to 2,222.10 rupees, while Larsen gained 2.8
per cent to 1,348.50 rupees ahead of its financial result.
Top telecoms firm Bharti Airtel, which is in
merger talks with South Africa's MTN, advanced 2.8 per cent to 790.35
rupees after falling over 10 per cent in the past three sessions.
In the broader section, gainers led losers by more than 1.5 to 1 on relatively heavy volume of 317.1 million shares.
The 50-share NSE index was up 0.7 per cent at 4,306.55.
Stock prices zoom as promoters up stake 28 May 2009, 1227 hrs IST, Prashant Mahesh, ET Bureau | ||||||||
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MUMBAI: Stocks where promoters have increased stake via the creeping acquisition method during September-March 2009 seem to be catching the eyes Stocks of several large-cap companies and mid-cap companies, where promoters have increased stake, have moved up during the current rally reflecting investor confidence. As per Sebi regulations promoters can increase their stake through the open market by 5% every year. Clearly, it was a tough period for both the Indian as well as global economy. Capital was scarce and big economies like the US had to pump in several billion dollars to bail out companies. Despite these tough conditions , globally several promoters have raised stake, inspiring confidence in the company. While in cases where shareholding is low, an increase in holding helps a promoter ward off any takeover threat, otherwise too, an increase in stake is perceived positively by investors as it indicates confidence of a promoter in his own company. Take the case of Reliance Communications , where the promoters have marginally increased their stake by 1.22% by buying 2.05 crore shares, saw its stock price spurt from Rs 232 to Rs 304, a rise of 31%. Mahindra and Mahindra promoters bought 1.29 crore shares, increasing the promoter stake to 29.20%, with the stock moving up from Rs 514 to Rs 626, a gain of 22%. RPG Group company, Ceat, where the promoters holding increased by 4.82% to 48%, by buying 16.5 lakh shares saw its stock price increase from Rs 58 to Rs 88, a gain of 83%. Aditya Birla Nuvo, where the promoters bought 12.5 lakh shares, or increased their stake by 1.32%, saw its price move from Rs 550 to Rs 872, a whopping 58%. Videocon Industries saw the promoter buying 9 lakh shares during the period . The stock price moved up from Rs 114 to Rs 169, a rise of 48%. Tata Elxsi, where the promoters bought 1.38 crore shares, saw its price moving from Rs 124 to Rs 150 a gain of 21%. Bajaj Hindusthan, where the promoters bought 10 lakh shares, saw its price spurt from Rs 108 to Rs 136, a gain of 26%. Besides this, there are a host of mid-cap companies, where promoters have increased their stake by buying from the open market. Some examples are Simplex Infra, where promoters increased their stake by 4.8% saw its price zoom from Rs 211 to Rs 390, an 85% gain and Vinati Organics where promoters increased stake by 3.74% saw its stock price rise from Rs 90 to Rs 130, a gain of 44%. JBF Industries , in which promoters increased their stake by 4.74% to 42.92%, saw its stock move from Rs 43 to Rs 67, a gain of 56%. “A promoter best knows what is happening in the company and if he is increasing his stake in the company, it shows great confidence and increases investor faith” , says Alok Churiwala, managing director, Churiwala Securities. | ||||||||
SEBI may relax rules to help companies raise funds for their arms 28 May 2009, 0704 hrs IST, Reena Zachariah, ET Bureau MUMBAI: The Securities and Exchange Board of India (Sebi) is considering a proposal to exempt infrastructure companies from the current rule that money through public issue of debentures for funding group companies. Industry officials say the move is aimed at boosting the corporate debt market by making it easier for companies to tap this mode of fund raising. Also, many infrastructure companies are waiting to tap the debt market to fund their projects housed in special purpose vehicles. “We have received requests to relax the norms for infrastructure companies...we are examining the issue,” said a Sebi official. Most infrastructure companies follow the holding company and special purpose vehicle (SPV) structure because of the nature of the business. Funding requirements vary from project to project, and so the company undertakes different projects in various SPVs. Since SPVs do not have a strong credit rating on their own, it becomes difficult for them to raise money by issuing bonds. Also, the debt requirement may not be large enough to justify a public issue of debt. “In the long term, we believe mainly NBFCs (non-banking finance companies) and infrastructure companies will tap the public issue of debt market, so it is important that the regulatory bottlenecks related to these two sectors are removed,” said a senior banker. “The highest amount of money required by any sector is infrastructure...and a lot of companies want to raise money from the public,” the banker added. Some market watchers warn there could be diversion of funds by large companies, and also, easier fund-raising norms would encourage excess leveraging. Those in favour of easier norms say these pitfalls can be avoided by way of better disclosures by the companies raising the money. At present, disclosure norms require the issuer to give the debt equity ratio prior to and post the issue. In a parallel development, related to the corporate debt market, Sebi is likely to make it mandatory for institutions apart from primary dealers (PDs) to settle their trades through the new clearing mechanism introduced by RBI. Presently, corporate bonds are traded over the counter (OTC) in the local market. Mutual funds, primary dealers and banks trade between each other through the intermediation of brokers — but there is no central party to guarantee settlements. Recently, the central bank said clearing houses of exchanges will now have a transitory pooling account facility with RBI. | ||||
http://economictimes.indiatimes.com/Stock-prices-zoom-as-promoters-up-stake/articleshow/4587426.cms
Economic reforms the next stimulus: PranabBusiness Standard - 13 hours ago “Sustained stimulus to growth can be harnessed by the next round of economic reforms. We have a broad plan of action in mind,” Mukherjee told reporters in ... Shankar Acharya: Stability, security and stasis?Business Standard - 13 hours ago Was it also a vote for strong economic reforms? The stock markets seemed to think so as the Sensex soared above 14000 on the Monday (18th) following the ... Next chapter on economic reformsEconomic Times - May 23, 2009 Former finance minister and senior BJP leader Yaswant Sinha says that the BJP would extend support to some of the reforms that the government may initiate ... Malaysia economy slumps in Q1 most in decadeguardian.co.uk - 21 hours ago At the same time as implementing economic reforms and reinvigorating the National Front coalition that has ruled Malaysia for 51 years, Prime Minister Najib ... India faces challenges on macroeconomic policies, reforms: Moody`sIndia Infoline.com - 4 hours ago ... of macroeconomic management and a backlog of structural reforms. The report's key arguments include the constraint exerted on India's economic potential ... Rupee snaps 2-day fall, gains 22 paise against dollarPress Trust of India - 18 hours ago Foreign institutional investors are said to be stepping up their capital inflow into Indian equities on hopes for further economic reforms by the new ... India is open for businessThe Age - May 25, 2009 Liberal economic reforms in India underpin economic growth and these changes are largely the work of the Congress Party, led by Sonia Gandhi, which has the ... Economists expect more reforms from PranabIndian Express - May 24, 2009 Mukherjee is a reform-minded person and I expect economic reforms to go forward during his tenure," ICRIER Director Rajiv Kumar said. ... Dealing With Economic CrisisKorea Times - May 27, 2009 First of all, the government should introduce bolder economic reforms and open the domestic markets wider to foreign competition. On the macroeconomic front ... New govt to accelerate reform process & create more jobsEconomic Times - May 19, 2009 Besides pushing for economic reforms, he stressed on the need to revitalise agriculture and accelerate industrial development. ... |
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India came close to striking Pak after 26/11: Air chief 28 May 2009, 1202 hrs IST, TNN | ||||||||
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NEW DELHI: India came close to striking Pakistan following the 26/11 Mumbai terrorist attack. This was stated by the IAF chief, Air Chief Marshal
"There were certain options, which were certainly discussed. Depending on the objective and the task given, IAF had enough intelligence to do what it wanted to do then," ACM Major told reporters here during a joint press conference with his successor and IAF chief-designate Air Marshal P V Naik. ACM Major, however, said at present the situation along the international border and the LoC was normal. In the eastern sector along the India-China border, ACM Major said the IAF is building landing infrastructure and will shortly move a Sukhoi-30 squadron to counter Chinese defence superiority in the region. The newly-raised squadron of Su-30 will arrive at IAF's Tezpur base in the next few weeks, he said. Commenting on the recent Sukhoi crash, the air chief said an inquiry is still on and the crash data recorder is yet to be analysed. The death of the pilot in the crash has raised questions on the ejection system and the inquiry has to look into this aspect along with the flight control system to analyse the cause of the crash. ACM Major's successor, Air Marshal Naik, said IAF is building up capacity and after 2017 it will be capable of handling threats coming from anywhere. To boost its combat capabilities, IAF will go in for large scale procurements. India has already released two global tenders for the procurement of 22 attack and 15 heavy-lift helicopters for IAF. "The Request for Proposals (RFP) for 15 heavy-lift helicopters is being issued today and the RFP for 22 combat helicopters was released yesterday," ACM Major said. The choppers participating in the combat attack contract include Bell’s AH-1 Super Cobra, Boeing’s AH-64 Apache, Eurocopter’s Tiger, Russian Mil for Mi-35 and Agusta Westland’s Mangusta. The RFP for attack helicopters comes within two months of the previous tender being cancelled. The earlier tender was cancelled in March after the American vendors opted out of the race, citing the 50% offsets clause in the contract. The heavy-lift helicopters will be used for transporting men and material in the high altitude regions, which can be accessed only by helicopters. | ||||||||
Disinvestment as a tool to shore up revenue 28 May 2009, 0320 hrs IST, Tina Edwin, ET Bureau | ||||||||
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The return of the UPA government sans the Left parties has raised hope that disinvestment will be firmly on the agenda. After all, disinvestment
public figures on the Congress agenda. The party has voted for wider participation of the people in the equity base of the state-owned companies in its manifesto. However, that does not guarantee smooth sailing for public offers of PSUs, both initial public offers (IPO) and follow-on offers (FPO). There are already voices of dissent emanating from the Trinamool Congress camp. The party has said it will oppose any move to disinvest PSUs or strategic sales of profitable PSUs. Pre-poll ally DMK too has a track record for opposing sale of shares of entities such as Neyveli Lignite Corporation. In its first term, the UPA government was forced to call off plans to sell 10% equity of the PSU amid opposition from the southern ally. Earlier, as an alliance partner in the NDA, the party had successfully thwarted disinvestment of the company. It is very unlikely that party patriarch M Karunanidhi would have changed his stance on disinvestment of PSUs based in Tamil Nadu. Therefore, markets would do well to temper its expectations on disinvestment a little bit. The past experience should also serve as a lesson on how the government should not go about with disinvestment process.
The finance ministry, which now has the charge of disinvestment, must take the administrative ministries, stakeholders, including employees, and the Congress party as well as its alliance partners along to ensure the process of selling shares of companies is not torpedoed this time. For, unlike in the previous term when revenues were buoyant and the economy robust, the government finances are now under stress. To keep up spending on its various social sector programmes without further deterioration of budget balances, the Centre would need capital receipts from the sale of shares of PSU. However, to get access to the proceeds of disinvestment for its expenditure plans, the government must scrap the National Investment Fund (NIF), a fund to which disinvestment proceeds are transferred. This fund was set up to appease the Left partners. The NIF is outside the Consolidated Fund of India, meaning the receipts from sale of shares are not reflected in the Union budget. Further, only earnings on proceeds transferred to the NIF can be used for social sector schemes, that promote education, health and employment. That translates to a small amount. The finance ministry has reportedly drafted a proposal to scrap the fund. Apart from narrow purpose of finding resources for expenditure plans, disinvestment can be an effective tool to enforce market discipline in the PSUs. Once listed, the PSUs will be open to public scrutiny. It will have to comply with the requirements of the Sebi and the stock exchanges, which includes quarterly release of their income statements and timely dissemination of market-sensitive information. The government also needs to ensure that listing is more meaningful, with adequate free-float to curb sharp movement of stock prices. In a large number of cases, less than 5% of the shares are listed. Such poor liquidity of a company’s shares have in the past resulted in manipulation of stock prices. For instance, consider the sharp spike in MMTC stock price to more Rs 55,000 on November 12, 2007 from about Rs 13,000 in early October 2007, and the consequent slump to a level of about Rs 20,000. This can to some extent be attributed to few shares available in the market — only 0.66% of the shares of the PSU are widely held. Besides the government, as the Congress manifesto has rightly identified, the common man would be the main gainer of the disinvestment process. It will provide individuals an opportunity for create wealth for themselves, as experience shows the government leaves something on the table for investors. And, there is enough appetite for government stocks from the retail and institutional investors. All the share offerings from the government since February 2004 were oversubscribed many times over and most of them continue to trade above the issue price despite the deep correction in the market. The finance ministry and other administrative ministries such as power ministry are reportedly drawing up a list of PSUs that can be taken to the market with either an IPO or a FPO. That is an encouraging move. The only trouble with using the disinvestment process to shore up government finances is that it reduces incentive to cut wasteful spending and continue on the path of fiscal consolidation. | ||||||||
http://economictimes.indiatimes.com/Economy/Disinvestment-to-shore-up-revenue/articleshow/4586644.cms
Reforms, core to top budget to revive economy 28 May 2009, 0236 hrs IST, Urmi A Goswami, ET Bureau | |||||||||
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NEW DELHI: The full Budget for 2009-10 to be presented in the first week of July would have welfare measures for the poor, concrete reform moves,
infrastructure spending and steps to boost the economy, said finance minister Pranab Mukherjee on Wednesday. The Budget will also kickstart fiscal consolidation to be achieved over a three-year period. Mr Mukherjee, in his first press conference after assuming office, said the government will present its vision and approach for the next five years in the Budget. Separately, it will get commitments from banks to lower the cost of funds. “Broadly, the election results have vindicated the strategy of inclusive growth. I have no hesitation in saying that along with reviving the momentum of growth and employment generation, our government will strengthen the various ‘inclusive’ elements in the coming Budget,” said Mr Mukherjee. The Congress party’s manifesto promises to expand the schemes on creating rural jobs, providing education and health insurance cover, besides legally guaranteeing food to the poor. The minister said budget-making was underway in full swing and that it would be presented in the first week of July. The government has to continue with a higher spending this fiscal, too, in order to restore the higher economic growth rate in the past, the 73-year-old political veteran said. “Let me say unambiguously that we are committed to restoring growth and employment and that would not have been possible without increased spending funded by incremental borrowing. This would need to be further continued in 2009-10, the current year,” Mr Mukherjee said. The government, which earlier announced three economic stimuli, will provide sustained stimulus to growth by the next round of economic reform. “We have a broad plan of action in mind. I will get additional inputs when I have my pre-Budget consultations with stakeholders. All this will be distilled into a concrete short-term and medium-term vision and strategy for India’s economic growth,” assured the minister. Finance secretary Ashok Chawla, who accompanied the minister, later explained to reporters that the slowdown in growth has “bottomed out” and a recovery was imminent. Four lead economic indicators suggest the economy was set to grow faster, he said. Besides, foreign institutional investments into the country have picked up, with the total inflow in the past 45-50 days touching about $4 billion, said Mr Chawla. Mr Mukherjee also said the government was concerned about the cost and the speed at which finance can be accessed by businesses. He said he would meet bankers and get them “committed to a more benign plan of action”. The government will also give special attention to strengthening in-frastructure investments. The government will reappraise infrastruc-ture projects in the pipeline and make them more robust. The Centre would also calibrate policies to boost infrastructure spending so that the economy returns to the high-growth trajectory. Despite the higher spending, the government is equally committed to fiscal consolidation over a period of, say, 2-3 years, the minister added. In the interim budget presented in February, the government had es-timated that fiscal deficit for 2008-09 may touch 6% of gross domestic product (GDP) and it forecast a 5.5% fiscal deficit for this year. Economists said the combined fiscal deficit of the Centre and states may have crossed 10% of national GDP last fiscal. “Prophets of doom have been unduly focusing on increased public spending and conse-quent increase in the fiscal and revenue deficits in the past. We are hopeful that an early return to our recent growth performance will help us come back to our preferred path of fiscal prudence,” said the minister. The government had originally set a fiscal deficit target of 2.5% for the last fiscal. Mr Mukherjee said the government would take advantage of its politi-cal stability and push long-pending reforms. These measures would cover both financial and non-financial sectors of the economy. One of the immediate steps would be to implement the law against money laundering, he said. stakes in the Congress. With the Congress crossing the 200-mark on its own, Rahul’s personage, so evocative of Babalog socio-culture, may become the new face of the Congress. The junior Gandhi, who’s gone through the fire of political exorcism, has ushered in a real tomorrow for the grand old party. | |||||||||
Welfare measures for poor in the budget: FM 27 May 2009, 1930 hrs IST, ET Bureau | ||||||||
| ||||||||
NEW DELHI: Finance  budget would have welfare measures for the poor, concrete
to boost the economy and higher infrastructure spending. In his first public address after taking charge, Mr Mukherjee said the government would present its vision and approach for the next five years in the forthcoming budget. Separately, the government will get commitments from banks to lower the cost of funds. "Broadly, the election results have vindicated the strategy of inclusive growth. I have no hesitation in saying that alongwith reviving the momentum of growth and employment generation, our government will strengthen the various ‘inclusive’ elements in the coming budget," said Mr Mukherjee. The Congress party’s manifesto promises to expand the schemes on creating rural jobs, providing education and health insurance cover, besides legally guaranteeing food to the poor. The minister said budget-making was underway in full swing and that it would be presented it in the first week of July. The government has to continue with a higher spending this fiscal too in order to restore the higher economic growth rate in the past, the 73-year old political veteran said. "Let me say unambiguously that we are committed to restoring growth and employment and that would not have been possible without increased spending funded by incremental borrowing. This would need to be further continued in 2009-10, the current year," Mr Mukherjee said. The government, which earlier announced three economic stimulus doses, will provide sustained stimulus to growth by the next round of economic reform. "We have a broad plan of action in mind. I will get additional inputs when I have my pre-budget consultations with stakeholders. All this will be distilled into a concrete short-term and medium-term vision and strategy for India’s economic growth," assured the minister. Finance secretary Ashok Chawla, who accompanied the minister, later explained to reporters that the slowdown in growth has "bottomed out" and a recovery was imminent. Four lead economic indicators have suggested that the economy was set to grow faster, he said. Besides, foreign institutional investments into the country have picked up, with the total inflow in the last 45-50 days touching about $ 4 billion, said Mr Chawla. Mr Mukherjee also said the government was concerned about the cost and the speed at which finance can be accessed by businesses. He said that he would meet bankers and get them "committed to a more benign plan of action." The government will also give special attention to strengthening infrastructure investments. The government will re-appraise infrastructure projects in the pipeline and make them more robust. The Centre would also calibrate policies to boost infrastructure spending so that the economy returns to the high growth it posted in the previous years. Despite the higher spending, the government is equally committed to fiscal consolidation over a period of say 2 to 3 years, the minister added. In the interim budget presented in February, the government had estimated that fiscal deficit for 2008-09 may touch 6% of gross domestic product (GDP) and it forecast a 5.5% fiscal deficit for this year. Economists said the combined fiscal deficit of the Centre and the states may have crossed 10% of the nation’s GDP last fiscal. "Prophets of doom have been unduly focusing on increased public spending and consequent increase in the fiscal and revenue deficits in the past. We are hopeful that an early return to our recent growth performance will help us come back to our preferred path of fiscal prudence," said the minister. The government had orignially set a fiscal deficit target of 2.5% for the last fiscal. Mr Mukherjee said the government will take advantage of its political stability and push the long pending reforms. These measures would cover both financial and non-financial sectors of the economy. One of the immediate steps would be to implement the law against money laundering, he said. | ||||||||
http://economictimes.indiatimes.com/News/Economy/Policy/Reforms-core-to-top-budget-to-revive-economy/articleshow/4586604.cms
Mulayam proposes Jai Prakash centre; Maya disposes Ambedkar site waste there
| Font Size |
Lalmani Verma
Posted: May 24, 2009 at 0244 hrs IST
Lucknow
The state government has converted the site of Jai Prakash Narain
International Centre (JPNIC), a project started by former chief
minister Mulayam Singh Yadav, into a dumping ground for debris removed
from the site of a memorial being built by the Mayawati government.
The Mulayam government had reserved a three-acre plot
opposite Regional Passport Office (RTO) in Gomti Nagar for JPNIC in
2006. The JPNIC building was proposed to house two auditoriums, a
library and an art gallery at a cost Rs 17 crore, of which Rs 2 crore
were released immediately to kick-start the construction.
UP Rajkiya Nirman Nigam (UPRNN) had prepared the
foundation for basement of JPNIC building. The centre was aimed to
promote socialism and Gandhian thoughts. But with the change of guard
in 2007, the project came to a halt. Now, the UPRNN has levelled the
basement with debris and stones.
UPRNN is dumping here debris, stones, iron rods,
grills and other waste collected from demolition and construction work
at 2-Mall Avenue — where first the government razed down the Cane
Commissioner’s office building and is now constructing Manyawar
Kanshiram Vishram Sthal. Sources said the waste collected from
Bhagidari Bhawan near Ambedkar Memorial is also being dumped at this
site.
UPRNN Managing Director CP Singh said, “I have no
idea about the status of Jai Paraksh Narain International Centre or if
any debris was being dumped there.”
Another UPRNN official said, “JPNIC site is being
utilised for dumping waste. Whenever construction of JPNIC starts,
debris will be removed from there.” The official said for the time
being, the place is also being used to store grills, stones, iron
shades and tree guards, which are being removed from sites of other
under-construction projects.
At present, a new store room is being erected at
JPNIC site. According to security staff deployed here said, “The room
will be used to store the stuff shifted from other projects. Debris and
other materials are being brought here in trolleys every day and this
is happening from several weeks,” said a guard.
Meanwhile, the parking slot at Gate No. 4 of Ram
Manohar Lohia Park, a dream project of Mulayam Singh Yadav — has become
workshop for carving of sand stones. Carved stones are being used in
construction of adjacent administrative block of Ambedkar Memorial, a
multi-crore dream project of Mayawati, which is being constructed after
the demolition of Police Crime Branch office.
Public is allowed to enter the park from this gate
but parking of vehicles has been restricted. An LDA employee said,
“Parking of vehicle has been restricted in the parking slot because
stones are scattered there. But we are allowing two-wheelers to be
parked inside entrance plaza.”
LDA joint director (Land and Development) S B
Mishra said, “I have no information about it. Talk to executive
engineer concerned.”
Executive engineer RN Singh said, “Parking has not
been closed there. The LDA needed a place to store the stones and so
parking slot was provided. It will be opened for public very soon.”
http://www.expressindia.com/latest-news/mulayam-proposes-jai-prakash-centre-maya-disposes-ambedkar-site-waste-there/465042/
Pak has 60 nuke bombs and building more: Report
| Font Size |
Agencies
Posted: May 28, 2009 at 1029 hrs IST
Washington
Pakistan with about 60 nuclear warheads, primarily targeted towards
India, is continuing production of fissile material for weapons and
adding to its weapons production facilities and delivery vehicles, a US
Congressional report has said.
The latest report by Congressional Research Service
(CRS) - a research wing of the US Congress which prepares reports for
Congressmen - has confirmed the recent statements and media reports
that Pakistan was expanding its nuclear arsenal.
"Pakistan's nuclear arsenal consists of
approximately 60 nuclear warheads. It continues fissile material
production for weapons, and is adding to its weapons production
facilities and delivery vehicles," said the report "Pakistan's Nuclear
Weapons: Proliferation and Security issues", which was issued today for
media.
Admiral Mike Mullen, Chairman of the US Joint Chiefs
of Staff, at a Congressional hearing on May 14 had
confirmed that the US has "evidence" that Pakistan is expanding its
nuclear arsenal. Also, a similar report was published in 'The New York
Times' early this month.
Pakistan stores its warheads unassembled with the
fissile core separate from non-nuclear explosives, and these are stored
separately from their delivery vehicles, it said.
Pakistan does not have a stated nuclear policy,
but its "minimum credible deterrent" is thought to be primarily a
deterrent to Indian military action.
"Deterring India's nuclear weapons and augmenting
Pakistan's inferior conventional forces are widely believed to be the
primary motivation for Islamabad's nuclear arsenal," the CRS said.
The report further states that Islamabad gained
technology from many sources including uranium enrichment technology
from Europe, blueprints for a small nuclear weapon and missile
technology from China.
Pakistan's nuclear warheads use an implosion
design with a solid core of highly enriched uranium (HEU), about 15-20
kg per warhead and "Islamabad continues to produce about 100 kg of
highly enriched uranium for weapons every year," the report said.
Referring to expansion of Khushab plutonium
production reactor - by adding two additional heavy water reactors with
Chinese help - the report said "the continued expansion of the complex
and production of weapons materials could indicate plans to increase
its nuclear weapons arsenal in the near future."
The CRS reports that even as Pakistani officials
have said that they have already determined the arsenal size needed for
a minimum nuclear deterrent and they will not engage in an arms race
with India, all indications were otherwise. Mullen also confirmed that
the US has "evidence" that Pakistan was expanding its nuclear arsenal
and construction of additional nuclear reactors were a pointer in that
direction.
The CRS said that Pakistan has pledged
no-first-use against non-nuclear weapon states, but not ruled out first
-use against a nuclear-armed aggressor that attacks Pakistan for
example, India.
This ambiguity serves to maintain deterrence
against India's conventional superiority. Others argue that keeping the
first-use option against New Delhi allows Islamabad to conduct sub
conventional operations, such as support for low intensity conflict or
proxy war in Kashmir, while effectively deterring India at the
strategic level.
"Pakistan has reportedly addressed issues of
survivability through second strike capability, possible hard and
deeply buried storage and launch facilities, road-mobile missiles, air
defenses around strategic sites, and concealment measures," the CRS
said in its report.
Tilts in Cong’s balancing act
| Font Size |
Express news service
Posted: May 28, 2009 at 0943 hrs IST
New Delhi
With personalities seemingly becoming an important factor in the
allocation of ministerial berths, the new Union Council of Ministers
reflected imbalance in terms of the representation of states.
While Maharashtra, where the Congress and the NCP
together got 25 seats, will end up with nine ministerial berths,
including five in the Cabinet, Uttar Pradesh where the Congress won 21
seats will have just five ministerial berths with no representation in
the Cabinet.
On the other hand, from Karnataka, where the
Congress tally came down from nine MPs in 2004 to six in 2009, there
were four ministers, including three in the Cabinet—S M Krishna,
Veerappa Moily and Mallikarjun Kharge. There was, however, only one
minister from Haryana where the Congress won nine seats.
The Congress must have routed the Left in Kerala,
but in terms of Cabinet representation the party opted for Rajya Sabha
members including A K Antony and Vayalar Ravi. There will be four
Ministers of State from Kerala though, including one from ally Muslim
League.
Orissa and Gujarat will however have no
representation in the Cabinet. Gujarat will have to suffice with one
MoS (Independent charge) in Dinsha Patel plus three other Ministers of
State. Srikant Jena, Orissa’s lone representative in the Council of
Ministers, is also said to be sulking as the former Cabinet Minister
will now be an MoS.
The Northeastern states together will have just
three berths — B K Handique from Assam in the Cabinet and Agatha Sangma
and Vincent Pala from Meghalaya as MoS.
With the inclusion of Farooq Abdullah in the
Union Cabinet, Jammu & Kashmir will get two representatives, the
other being Ghulam Nabi Azad. A section of the party is now concerned
about the absence of any Hindu representative from the state in the
Council of Ministers.
There are two Cabinet Ministers from Himachal
Pradesh— Virbhadra Singh and Anand Sharma—though the Congress won just
one Lok Sabha seat in the state.
With Jharkhand looking set for snap polls, Subodhkant Sahay, the lone party MP from the state, has been elevated to the Cabinet.
Meanwhile, some Congress chief ministers were said
to have reservations about the selection of ministerial candidates.
Kumari Selja, who was elevated to the Cabinet and who was the lone
representative from Haryana, is not known to have great equations with
CM Bhupinder Singh Hooda. Similarly, first-term MP from Rajasthan C P
Joshi, who was given a Cabinet berth, is not in the good books of Chief
Minister Ashok Gehlot. Vilasrao Deshmukh’s inclusion in the Cabinet is
also likely to cause discomfort to CM Ashok Chavan who is no longer in
the best of terms with his predecessor.
Antony 'anguished' at delay in supply of military equipments
| Font Size |
Agencies
Posted: May 28, 2009 at 1230 hrs IST
New Delhi
Anguished over delays in procurement and supply of military equipment,
Defence Minister AK Antony urged foreign vendors, including those from
Russia and Israel, to stick to deadlines.
Stepping up pressure on foreign countries, Antony
said, "I convey my anguish to foreign vendors, including Russia and
Israel, on the delays in delivery of defence equipment. They have to
try and deliver the defence equipment on time."
Russia and Israel are the two largest military
suppliers to India. New Delhi had recently signed contracts with Tel
Aviv for supply of Medium Range Surface-to-Air Missiles worth Rs 7,500
crore and with Russia for design and development of fifth general
fighter aircraft and medium transport aircraft.
Formally inducting the Israeli-built Airborne
Early Warning and Control Systems (AWACS) into the Indian Air Force at
Palam airbase in New Delhi, Antony, who deviated from his written
speech, said: "Through the Ambassadors of the two countries, who are
present here, I request the foreign countries for cooperation in
meeting delivery schedules of AWACS and other equipment so that the
Indian armed forces get the latest, modern weapons systems in time."
Indian defence procurement is expected to touch
about USD 100 billion in the next 10 years, and several foreign
companies including those from the Americas, Europe and Asia are vying
with each other for a big chunk of the deals for themselves.
Antony also conveyed his dismay over the delayed
delivery of the AWACS that were originally scheduled to arrive in India
about 18 months ago.
He said India had signed the tripartite contract
with Israel and Russia for the AWACS in 2004 and it took about five
years for delivery of the first of these sophisticated 'eye in the sky'
system.
However, he said the problem of delayed delivery
was a cause for concern with not just the two major suppliers, but with
other countries too, though he did not name the US, France, Britain and
Italy, who handle the rest of the defence contracts in India.
The Minister said Defence Secretary Vijay Singh
would be leaving for Russia this Sunday to hold talks over the
inordinate delays in supply of defence equipment, in particular the
Gorshkov aircraft carrier price renegotiation and to press for the
timely supply of two more AWACS, which are part of the USD 1.1 billion
deal, for the IAF before the end of 2010.
Though Antony felt that cost escalation (in
Gorshkov deal) was a problem, he said the issue was not specific to
Russia and this deal alone, but cut across defence contracts with other
countries too.
"Real issue is to get delivery of the equipment on
time. We are in touch with all countries supplying equipment not only
at the official level, but also with the companies, and are seeing to
it that all equipments are delivered on time. Entering into a contract
is not enough, but delivery on time is a must," he added.
Highly critical of the prolonged procurement
process for even critical defence weapon system, Antony cited the
20-year delay in acquiring the Hawks advanced jet trainers from
Britain, which were delivered only last year after several rescheduling
of deadlines.
"Five years (for delivery of AWACS) is too long a
time in the emerging security situation in the region. But I was told
that there were special needs of IAF that had to be met and hence the
delay. If delivery schedule of the other two AWACS are met, I assure
youth that the government can think of procuring more AWACS in the
future considering the air, land and coastal security needs," he said.
http://www.expressindia.com/latest-news/Tilts-in-Congs-balancing-act/467134/
59 new ministers join Team Manmohan
Patil on Thursday administered the oath of office to 14 Cabinet
ministers, 7 ministers of state with independent charge, and 38 MoS in
an elaborate ceremony at the Rashtrapati Bhavan.
Houses of assaulted Indians burgled in Australia
MELBOURNE: The houses of four Indian students, who were brutally
assaulted by a group of teenagers in Australia, have been burgled, even
as one of them battles for life at a hospital, an organization of
Indian students ...
IAF may replace AWACS with 'modern aircraft' in future
inducting its first Airborne Warning and Control System (AWACS), the
IAF is planning to replace the Russian IL-76 aircraft with some other
"modern aircraft" as the platform for the system in future.
Delay in defence equipment supply anguishes Antony
12:15 IST Anguished over delays in procurement and supply of military
equipment, Defence Minister AK Antony today urged foreign vendors,
including those from Russia and Israel, to stick to deadlines.
Curfew relaxed as situation improves in trouble-torn areas of Punjab
a school in Amritsar for peace and harmony in the state. Day curfew was
lifted in Jalandhar, Phagwara, Hoshiarpur, Malout and Ludhiana in
Punjab on Thursday following improvement in the situation in the areas
hit by ...
'Cong wants Vilasrao to counter Pawar in Delhi'
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Congress party as a deterrent against NCP strongman Sharad Pawar, who
will be seeking to make his own party stronger, according to political
sources.
Centre to blame for 26/11 lapse: Panel
state government which has come in for sharp criticism during 26/11
attack has got a clean chit from the Ram Pradhan committee.
RSS prescription for city BJP revival
BJP in the Capital has prompted its parent organisation, the Rashtriya
Swayamsevak Sangh (RSS), to issue a prescription for the saffron
party's revival.
24-hour helpline against ragging soon
session due to start in the next couple of months, the University
Grants Commission has finalised regulations for curbing the menace of
ragging in higher educational institutions, including the setting up of
a national ...
Engg institute expels 9 students, denies ragging being the reason
studied silence over brutal torture of a first year student by his
seniors allegedly for resisting ragging at DIT School of Engineering at
Noida, the institute management on Wednesday expelled nine students and
suspended one.
CBI unearths sex racket, rescues 34 girls
human trafficking racket on Monday in Navi Mumbai and rescued 34 girls.
Acting on a tip-off, the officials conducted raids at two hotels in
Vashi and arrested eight including two women for forcing these girls
into flesh ...
Mamata turns up Aila heat on Buddha
Aila has left Bengal, but not before sparking a storm in state
politics. With parts of the city still without electricity and drinking
water, railway minister Mamata Banerjee upped the ante against the
Buddhadeb ...
Restore train services in Cachar: Centre
Wednesday asked the Army, Northeast Frontier Railways, Assam Police and
the North Cachar Hills district administration to work out a
coordinated mechanism for restoration of train services.
Tight security for Fatuha by-poll
have been made to ensure fair and peaceful by-poll for Fatuha assembly
seat scheduled for Thursday. With fate of six candidates to be decided
by 2,21314 voters, the Election Commission (EC) has deployed 184 micro
observers ...
Babu: Party should focus on problems of middle class
Naidu going through the agenda while TDP MP Dayakar Rao ( right).
HYDERABAD: After the drubbing it has received at the recent Assembly
and Lok Sabha elections, the Telugu Desam Party appeares to have
discovered that middle ...
Achuthanandan hopes positive response from Centre
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with six Ministers from the state included in the Union Cabinet,
'Centre's neglect' of the state would 'come to an end.
Obama names Timothy Roemer US ambassador to India
Obama has named a distinguished scholar and former Democratic
congressman Timothy Roemer to be his envoy in India in place of Bush
administration's nominee David Mulford, the White House announced.
My first job to strengthen party: Rahul Gandhi
whether he would become a minister intensified on Friday, Rahul Gandhi
categorically said his first job was to strengthen the Congress party.
3 Cabinets to nurture Karnataka Congress
Manmohan Singh greased the Congress' squeaking wheel in Karnataka with
two more ministerial berths, leading the lumbering outfit in the state
to hope that the lavish reward will help transform it into a mean
machine.
Indopia
Pakistani Taliban claim bombing
claimed responsibility for a bomb attack in Lahore which killed at
least 26 people. A deputy to Taliban leader Baitullah Mehsud told the
BBC by telephone the attack was in response to the army's ongoing
operation in the Swat ...
Obama Hails Judge as 'Inspiring'
Sotomayor and Vice President Joseph R. Biden Jr. at the White House on
Tuesday. More Photos > By PETER BAKER and JEFF ZELENY WASHINGTON -
President Obama announced Tuesday that he would nominate Sonia
Sotomayor, ...
Myanmar Foreign Minister says Suu Kyi trial "not political"
(Reuters) - Myanmar's foreign minister defended the trial of opposition
leader Aung San Suu Kyi on Thursday, insisting the widely condemned
case was not a political or human rights issue.
Abbas pushing pan-Arab peace with Israel
Palestinian president will be pushing President Barack Obama on
Thursday to facilitate peace with Israel through a larger solution to
the Middle East conflict.
Focus on gay marriage rights stays on state fights
California's status as a guardian of gay rights slipped this week when
its highest court upheld a voter-approved ban on same-sex marriage,
even as other states extended the institution to gay couples.
The Associated Press
Video:
Gay Groups Call Federal Marriage Suit Premature
The Associated Press
41 advance to spelling bee semifinals
Deborah Horton made the most of her time in the national spelling
spotlight. The 13-year-old seventh grader from Gainesville, Va.
UN brushes aside calls to investigate Sri Lanka war crimes
council brushed aside calls last night to investigate allegations of
war crimes committed by both sides in the final chapter of Sri Lanka's
bloody 25-year conflict, and praised the government for crushing the
Tamil Tiger ...
Pakistan bounties for Swat leaders
reward of tens of thousands of dollars for the arrest of Maulana
Fazlullah, the Islamic religious leader said to be behind of the
Taliban's campaign in the Swat valley.
Downturn 'harming human rights'
economic crisis is greatly exacerbating abuses of human rights, Amnesty
International has warned. In its annual report, the campaigning group
said the downturn had aggravated abuses, distracted attention from them
and created ...
Australia's top doctor calls for calm on A/H1N1 flu
Australia's top doctor called for calm on Thursday over the rapid
spread of the A/H1N1 flu in the country.
UN pressures Sri Lanka over aid
Lanka to ensure aid reaches around 300000 people displaced in the final
stages of its civil war. The appeal comes amid concerns from agencies
who say they are not being granted access.
New Zealand hikes borrowing, shelves tax cuts
The government lifted infrastructure spending by nearly 8 billion New
Zealand dollars ($5 billion) to support jobs over five years in its
annual budget Thursday as it more than doubles borrowing to steer the
economy ...
'Pakistan realises Taliban threat'
of Pakistani society - the government, the opposition, the military and
the civilians - realise that Pakistan must oppose and confront the
Taliban, who pose a threat to the Pakistani state, US Central Command
chief ...
Roh leapt to death 'after sending guard away'
Korean president Roh Moo-Hyun leapt to his death during a mountain hike
after sending his bodyguard away on an errand, police said Wednesday,
as tens of thousands joined in mourning for him.
For Obama, a Few Words and a Fund-Raising Focus
power site Wednesday at Nellis Air Force Base with Col. Howard Belote
and Senator Harry Reid. By JEFF ZELENY The latest on President Obama,
the new administration and other news from Washington and around the
nation.
Common minimum program of Nepali gov't drafted
Nepali Prime Minister Madhav Kumar Nepal on Wednesday revealed the
priorities of the new government by presenting the draft of the common
minimum program (CMP), local newspaper The Kathmandu Post reported on
Thursday.
EU to tighten financial supervision to fight crisis
Heritage BRUSSELS/LONDON, May 27 (Reuters) - The European Union
proposed on Wednesday creating regulatory bodies to oversee financial
supervision across national borders in a shake-up to protect investors
and prevent another ...
Pakistan has 60 nuclear warheads: US report
WASHINGTON: Pakistan with about 60 nuclear warheads; primarily targeted
towards India, is continuing production of fissile material for weapons
and adding to its weapons production facilities and delivery vehicles, ...
Miliband: Iran's Supreme Leader Ayatollah Ali Khamenei must engage ...
Supreme Leader Ayatollah Ali Khamenei to reach out to the West over the
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for the ...
INSTANT VIEW - Inflation at 0.61 pct
wholesale price index rose 0.61 percent in the 12 months to May 16,
matching the previous week's annual rise, government data showed on
Thursday.
Market firm; realty, IT stocks gain
firm footing shrugging off the weakness across global markets. Realty
and technology stocks continued to attract investor interest.
Novartis ups bid for India unit to $111 mln
drugmaker Novartis AG is upping an offer to increase its stake in its
India unit to $111 million or 450 rupees ($15.9) per share, from a
previous 351 rupees, it said on Thursday.
OIL FUTURES: Nymex Crude Down As OPEC May Hold Output Steady
Jones)--Bellwether crude oil futures fell Thursday in Asia as traders
closed long positions on expectations the Organization of Petroleum
Exporting Countries would refrain from cutting supply.
Opel race narrows to two but still no funding deal
Krolicki BERLIN/DETROIT (Reuters) - As the battle for German carmaker
Opel narrowed to a two-way race between Fiat and Magna, overnight talks
to shield Opel from parent General Motors' looming bankruptcy ended
with no deal.
India's macro management a worry,outlook stable - Moody's
for India's foreign and local currency ratings is stable but it faces
challenges in areas of macroeconomic management and a backlog of
structural reforms, Moody's Investors Service said on Thursday.
L&T surges over 3% on a rise in Q4 net
and slipped to a low of Rs 1310. The stock gained strength and touched
a high of Rs 1362, up 4% from the day's low.
Tata extends deadline on JLR bridge loan
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(JLR) deal struck in March last year by 18 months till Dec 31 2010, ...
Britannia gains in spite of dip in FY09 net
and touched a high fo Rs 1806. However, it soon slipped to a low of Rs
1730. It is now trading at Rs 1770 with 3943 shares traded on the BSE
so far.
Indian Rupee Weakens on Concern Risk Aversion Will Spur Outflow
-- India's rupee fell to the lowest level in more than a week on
speculation declines in global equities will deter investors from
buying riskier emerging-market assets.
Tata Motors launches World Truck; stk slips
intraday high of Rs 353 and an intraday low of Rs 333.10. At 11:53 am,
the share was quoting at Rs 333.50, down Rs 10.05, or 2.93%.
Reforms, core to top budget
2009-10 to be presented in the first week of July would have welfare
measures for the poor, concrete reform moves, higher infrastructure
spending and steps to boost the economy, said finance minister Pranab
Mukherjee on ...
Bharti shares rise 3 pct after 3-day slide
Bharti Airtel bounced 3 percent on Thursday, as investors saw value in
the firm after news of its renewed merger talks with South Africa's MTN
pushed shares down over 10 percent in the past three sessions.
PTC India to raise Rs 500 cr via QIP
IST Power trading firm PTC India today said it will raise up to Rs 500
crore by way of allotment of shares to qualified institutional
investors.
MRPL Q4 net profit doubles YoY
sector independent petroleum refinery, Mangalore Refineries and
Petrochemicals (MRPL) more than doubled its net profit to Rs 608 crore
during the fourth quarter ended March 2009 from the year-ago levels.
PC shipments drop 19 pc in Jan-Mar
NEW DELHI: Hit by the economic slowdown and low spending by the
government on the information technology sector prior to the assembly
elections, the personal computer (PC) shipments in the country fell by
19 per cent ...
TNPL profit down by 26% to Rs 20cr
Ltd (TNPL) has reported a 26 per cent in the net profit for the quarter
ended March 31, 2009 at Rs 20.19 crore as compared to Rs 27.38 crore, a
year ago.
Amalgamation of GHCPL, GCPL to be EPS-accretive: Godrej
consolidate its FMCG business. Godrej Consumer Products (GCPL) has
acquired a 49% stake through its group company stakes in Godrej SaraLee.
Tata Realty to raise $1 b
said it plans to raise a $1 billion (Rs 4700 crore) infrastructure fund
to support projects worth Rs 20000 crore that will be executed over the
next three years.
Power Outages Makes India Lose 43000 Crores Annually Says Study
MAIT observes that this figure has more than doubled since the year
2003 when the amount of direct losses due to outages were estimated to
be Rs 22000 crores.
Hindu - Siliconindia.com - Press Trust of India - Express Buzz
Nokia 6208 Classic
The phone was first seen making an entry in to the Chinese markets a
few months ago. Back then though, it was hailed to be a China specific
phone and was soon forgotten.
INTEX Hero mobile with 45 days stand-by battery life
witness a cell phone handset for rural users. Yes, Intex Technologies
has launched a new mobile handset- INTEX Hero for the consumers, who
stay in rural areas at a price tag of Rs.
Tata Teleservices partners with Yahoo for online user interface
New Delhi, May 26, 2009: India's leading telecom company Tata
Teleservices has entered into partnership with Yahoo for online user
interface for more than thirty millions of its customers.
Etisalat-Swan gets dot noc to buy Allianz Infra
provider Etisalat-Swan has bought out Allianz Infratech, marking the
first acquisition among the new companies who were given telecom
licences last year.
Opera Mini's got competition
debut at the Mobile World Congress at Barcelona in February, it has
been on a promotion spree. The efforts, it seems, have paid off well
for BitStream, the developers of Bolt.
IBM inks pact with Rayat and Bahra group
of Understanding (MoU), IBM Global Services announced its collaboration
with the Rayat-Bahra Group of Institutes at a function held on Monday.
BRT: Delhi's uncertainty finds echo in corridors of UK, SA cities
Transit (BRT) corridor is still facing hurdles, a year after it threw
open its Ambedkar Nagar to Moolchand stretch.
Fujifilm FinePix Z30
(which makes it look like a teen-centric toy) may drive away some
prospective buyers, but it does take excellent photos.
Microsoft SP2 brings in major bug
Friday after announcing the release of Service Pack 2 for Office
SharePoint Server 2007 and Windows SharePoint Services 3.0, reported a
major bug that causes the application to expire after 180 days.
How AMD made fun of Intel ad
slowdown, even a newspaper advertisement can provoke kind of a strange
reaction from unexpected corners; maybe an innovative one!
'Make inter-disciplinary transfers easy for students'
structure of Indian education, subjects should not be compartmentalised
and inter-disciplinary transfers should be made easy for students,
senior scientist Yashpal said during the fourth convocation of Defence
Institute of ...
Windows Mobile: Fastest growing mobile OS
big surge in mobile industry, the growth of mobile operating system is
also on a rise. Now mobile phones are no longer used as a device to
talk but also for doing many applications.
HP Pavilion dv2-1010EA
age-old issue of power versus portability by creating the 12.1-inch
Pavilion dv2-1010ea, which aims to combine portability and multimedia
functionality.
Avaya Wants You, Nortel Resellers
Contributing Editor New Nortel partners joining Avaya (News - Alert),
company officials say, will be fast-tracked with programs and
incentives to help them deliver Avaya's unified communications and
contact center products to new ...
Steer Around With Free Volvo Game
can rejoice. This is because Volvo has teamed up with SimBim Studios
and launched a new racing simulation game called Volvo: The Game.
Mouse genome laid bare to science
is the experimental workhorse in laboratories worldwide, so this
high-quality genome sequence will aid in the fight against human
disease.
Rolls-Royce thinking about making a smaller car
they are planning to launch a smaller car in the international market.
This model would be placed somewhere between the BMW 7 Series and their
own Phantom 4-door sedan.
Q-Sound solar powered Bluetooth headphones
headphones are available now. It looks pretty futuristic and they soak
up solar energy for their power.
IET students irked over hostel facilities
among students of the Institute of Engineering and Technology (IET), UP
Technical University (UPTU), over the proposed move of the authorities
to convert single seat hostel rooms into double seaters and denying
hostel ...
Palm: Treo Pro the next best thing (natch)
That's no surprise. But the Pre isn't right for just anybody. And if
it's not for you? Try the Windows Mobile-powered Treo Pro, says Palm.
Business Wire (press release) - Mobiletor.com - WM Experts
Plot to target Mayawati foiled - indiatimes - Truveo Video Search
Two
suspected Lashkar-e-Toiba terrorists were gunned down in an encounter
in Barabanki with police, who believed they were planning to target Uttar Pradesh ...
in.truveo.com/Plot-to-target-Mayawati-foiled/id/949739164 - 71k - Cached - Similar pages -Moneycontrol.com >> Messageboard >> General >> Sonia Gandhi >> Raw ...
Moneycontrol.com >> Messageboard >> General >> Sonia Gandhi >> Raw or CBI target Mayawati by Sonia ,rahul (Lower level shameful politics) ...
www.moneycontrol.com/india/messageboardblog/message_thread/2312713/3254981 - 142k - Cached - Similar pages -Plot to target Mayawati foiled - Music, Bollywood, Hollywood ...
Plot to target Mayawati foiled Video on AOL India Video - Two suspected Lashkar-e-Toiba terrorists were gunned down in an encounter in Barabanki with police ...
video.aol.in/video-detail/plot-to-target-mayawati-foiled/949739164 - 50k - Cached - Similar pages -Case against Digvijay Singh for intimidating Mayawati | Top News
22 Apr 2009 ... Earlier, Singh refuted reports that he had threatened to target Mayawati with the help of CBI. Singh at a rally in Hardoi said that the ...
www.topnews.in/case-against-digvijay-singh-intimidating-mayawati-2155272 - 42k - Cached - Similar pages -Centre using CBI to target me: Mayawati - The Financial Express
12 Jul 2008 ... New Delhi, July 12:: Stung by a fresh CBI affidavit in a disproportionate assests (DA) case, BSP chief Mayawati on Saturday hit out at the ...
www.financialexpress.com/news/centre-using-cbi-to-target-me-mayawati/334800/ - 63k - Cached - Similar pages -Congress using CBI to target me, Mayawati hits out - Express India
13 Jul 2008 ...
This is part of a behind-the-scene political conspiracy against me when
the Samajwadi party has closed ranks with the Congress,” Mayawati ...
www.expressindia.com/latest-news/congress-using-cbi-to-target-me-mayawati-hits-out/334943/ - 50k - Cached - Similar pages -Mayawati: Post Your Opinion and Read Comments on Mayawati
Post your opinions and read other comments on Mayawati at Connect.in.com. ... media target mayawati from last 2 years but bsp vote increase 5 percent in UP ...
connect.in.com/comments/Mayawati/551/3 - 77k - Cached - Similar pages -Mayawati's plans to rule India
28 Aug 2007 ... Beware Sonia Gandhi [Images]! You and your Congress party are her next target. Mayawati's future victims for sure. ...
www.rediff.com/news/2007/aug/28nazar.htm - 43k - Cached - Similar pages -Chief Minister Mayawati | Buzz 7
On May 17, Mayawati has issued a stern warning ... Full story .... Earlier, Singh refuted reports that he had threatened to target Mayawati with the help . ...
buzz7.com/tag/chief-minister-mayawati - 74k - Cached - Similar pages -Mayawati shops for power to meet 24-hr supply target
In order to meet its target of 24-hour power supply by 2012, the Mayawati government is planning to purchase 2000 MW power from the open market for the next ...
www.indianexpress.com/news/mayawati-shops-for-power-to-meet-24hr-supply-target/465983/ - 52k - Cached - Similar pages -
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Mayawati shops for power to meet 24-hr supply targetIndian Express - May 25, 2009 In order to meet its target of 24-hour power supply by 2012, the Mayawati government is planning to purchase 2000 MW power from the open market for the next ... Did CBI cases force Mulayam and Maya to pledge support to UPA?Times of India - May 20, 2009 NEW DELHI: Mulayam Singh Yadav's Samajwadi Party and Mayawati-led BSP are bitter rivals with nothing common between them. But both expressed unusual ... Making the power engineers toe the lineTimes of India - May 14, 2009 LUCKNOW: The Mayawati government's decision to handover the power infrastructure to private companies under the proposed franchise system for distribution ... Mayawati will have the crown or nothingDaily News & Analysis - May 15, 2009 About Mayawati's dream of becoming PM, another party leader says: "You know how Behnji is. She is very clear about what she wants and once she sets a target ... UP wheat procurement target up 1.2 MTBusiness Standard - May 14, 2009 Chief Minister Mayawati had recently asked chief secretary Atul Kumar Gupta for reviewing the wheat purchase progress on a daily basis and update her about ... Kalyan's message to voters: Learn from MayawatiLucknow Newsline - May 10, 2009 Badaun In his bid to consolidate the target groups and ensure cent per cent polling, former Chief Minister Kalyan Singh virtually expressed appreciation for ... Congress, BJP hope for UPturn in fortunesTimes of India - May 12, 2009 It is unlikely that Mayawati will post the 40-plus tally that she had hoped for, and which was once considered a realistic target even by her rivals. ... Desperately seeking PM's post, Maya scorns at CongTimes of India - May 9, 2009 LUCKNOW: In a bid to widen her acceptability, chief minister and BSP supremo Mayawati has tranformed herself from "Dalit Ki Beti" to "Sarvsamaj Ki Behan". ... Joshi thanks voters of UPTimes of India - May 16, 2009 Lashing out at the anti-people policies of the Mayawati-led BSP government in the state, Joshi said that the countdown of the Mayawati-led BSP government ... Varun verdict: BJP says it's stand vindicatedTimes of India - May 8, 2009 NEW DELHI: As the UP advisory board declared that the NSA slapped on Varun Gandhi by the Mayawati government was invalid, a jubilant BJP said that the party ... |
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