After SRK episode, Salman cancels his US trip
Farmers at Maya door for Anil land |
Troubled Galaxy Destroyed Dreams, Chapter 358
Palash Biswas
http://nandigramunited-banga.blogspot.com/
Desi ILLUMINITI Campaigns for LPG MAFIA | Palash Speaks
Palash Biswas. India Inc. - Wikipedia, the free encyclopedia ... Culture led by LPG mafia and are dictated by WASHINGTON as well as by DESI ILLUMINITI. .... But very strangely a VETARN like SHARAD Pawar, favourite of the Promoter ... But in Post Independence India, since the BRAHMIN BANIA Raj captured the STATE ...
blogs.ibibo.com/.../desi-illuminiti-campaigns-for-lpg-mafia - Cached - Similar -Rural Mutiny, FARM CRISIS and Cereally challenged Indian Economy ...
Palash Biswas. Indian ADRs lose nearly $8 bn in Feb; Wipro sheds $1.8 bn ... PRIVATISATION and allowed LPG MAFIA take over during NDA and UPA governments followed. ... Indiscriminate Land Acquisition, MNC PROMOTER BUILDER RAJ to enhance ...
blogs.ibibo.com/.../rural-mutiny-farm-crisis-and-cereally-challenged-indian-economy - Cached - Similar -kolkatapost
LIPSTICK EFFECT On Mother Tongue ENDANGERED | Palash Speaks ... Desi Illuminiti campaigns HARD CORE for LPG Mafia! ... But very strangely a VETARN like SHARAD Pawar, favourite of the Promoter corporate builder lobby ... But in Post Independence India, since the BRAHMIN BANIA Raj captured the STATE Power thanks to ...
kolkatapresents.blogspot.com/ - Cached - Similar -ACTION ALERT Against MONOPOLISTIC Aggression and
Troubled Galaxy Destroyed Dreams: Chapter 247 Palash Biswas Dear Friends! Let us stand United in Global ... Desi ILLUMINITI Campaigns for LPG MAFIA | Palash Speaks ... Brahamin Bania Raj, LPG MAFIA and Manusmriti Apartheid Zionist Tri Iblis . ..... PRIVATE BANKS: Anand Mahindra ceases to be a promoter of Kotak Bank ...
palashkatha.mywebdunia.com/.../action_alert_against_monopolistic_aggression_and.html - Cached - Similar -Free hand for the SOVEREIGN Market, Mass
Ghasiram Kotwal and Genocide Of Indiginous People: metaphor and ...
Contact: Palash C Biswas, C/O Mrs Arati Roy, Gosto Kanan, Sodepur, ... Regress, Sensex India and shining India, LPG, MNC Corporate Promoter raj, ...
palashspeaks.blog.co.uk/.../ghasiram_kotwal_and_genocide_of_indigino~3552567/ - Similar -Violence in Bengal, Tagore and His India, Amartya sen and Ruling ...
8 Aug 2009 ... Troubled Galaxy Destroyed Dreams,Chapter 322. Palash Biswas ... A real estate promoter had assured to shell out the lion's share of the ..... ILLUMINATI, LPG Mafia, EXTRA CONSTITUTIONAL Elements and INDIA INCs taking over .... “We have no knowledge of any public statement released from Raj Bhavan” ...
palashspeaks.blog.co.uk/.../violence-in-bengal-tagore-and-his-india-amartya-sen-and-ruling-marxist-hegemony-resistance-repression-and-chimpa... - Similar -खोज परिणाम
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8 Dec 2008 ... Palash Biswas. Ind US Strategic Realliance works for the SUPERSLAVEs holding Power in ... DEMOCRACY and Sovereignity to LPG MAFIA! ... Budget to help INDIA Incs, Corporates, Builders and Promoters and the. CRIMINALS! ..... Mr A.B. Vora, were present at the meeting held at the Raj Bhavan. This ...
groups.google.com/group/libertaria/.../95546e123cb2c8b2 - Cached - Similar -False Pull Out Drama Enacted by Ratan Tata. Already Stripped of ...
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We need to build 7000 km highways this yrEconomic Times - - 7 hours ago There are two dominant issues that stand in the way of quickening highway construction — land acquisition being one and the need for capacity building at ... Panagarh land may be handed over in 6 monthsTimes of India - - 6 hours ago Already WBIDC has got over the first stage of land acquisition Section IV, which is serving acquisition notices without inviting a single objection. ... Land acquisition to start for gas pipelineHindu - Aug 28, 2009 THIRUVANANTHAPURAM: The State government is putting in motion the proceedings for providing Gas Authority of India Ltd. (GAIL) the land required for laying ... Jayalalithaa opposes land acquisition for airport expansionSamayLive - 16 hours ago The government has handed over some portion of the acquired land to the Airports Authority of India (AAI) and a second runway has been constructed on it. ... After a lull, land deals make a comebackSify - 48 minutes ago So are the land deals back in reckoning, after a long dry spell? Industry experts believe that land acquisition will gather pace, but will remain largely ... The week in review for 28 AugustLivemint - Aug 28, 2009 Posco says it expects to complete its land acquisition by the end of the year. Tata Steel reported a consolidated loss of about Rs2,209 crore for the ... Hiccups for Tata Steel in VietnamCalcutta Telegraph - - Aug 26, 2009 However, the Tatas are now facing problems over land acquisition in Vietnam — a problem that has plagued several Tata projects in India as well because of ... Nath ready with land acquisition plans?NDTV.com - Aug 7, 2009 ... of the land acquisition Bill in parliament, dashing any hopes of a smooth process for buying land as India puts its urbanisation plan in top gear. ... Posco chief allays fears on projectTimes of India - Aug 26, 2009 Emerging from the meeting, Lee told journalists that the company has no plans to change its project site or even exclude Dhinikia, the anti-land acquisition ... Citizens revolt at BBMP land acquisition for road wideningCitizen Matters - - Aug 27, 2009 Recently a number of houses on the 15th Cross (100 feet road) in JP Nagar got fresh red colour markings notifying a land acquisition by the Bruhat Bengaluru ... |
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Vedic Village mob violence rattles realtorsTimes of India - Aug 24, 2009 KOLKATA: City realtors are shocked by the arson at Vedic Village in Rajarhat and fear that unless strong action is taken, investor and buyer confidence ... Goons shoot rival as hundreds watchTimes of India - 6 hours ago The incident comes days after a mob set fire to the Vedic Village resort, which stands a few kilometres away, and burnt down property worth crores. ... Left out of dazzle & delights, villagers may have struck backTimes of India - Aug 24, 2009 The arson and mob fury at Vedic Village on Sunday shows that the quiet, green countryside which has gone from sleepy village to global village in a matter ... 'I heard a shot and a scream'Calcutta Telegraph - Aug 25, 2009 The younger brother of the youth felled by a bullet during the football fracas leading to the Vedic Village flare-up is struggling to come to terms with the ... 'I thought it was like the 9/11 attack'Calcutta Telegraph - Aug 26, 2009 Pankaj Gupta, a wedding planner based in Delhi, was at Vedic Village on Sunday. This is the 42-year-old's account: I had organised a high-profile engagement ... CPI(M) suspects TC involved in affairs of burned resortPress Trust of India - Aug 27, 2009 Kolkata, Aug 27 (PTI) The burning down of a premier resort, Vedic Village, in North 24 Parganas on Sunday and the subsequent unearthing of arms there, ... Mamata speaks out on Metro rowTimes of India - Aug 28, 2009 We have seen this in Nandigram, Singur and Vedic Village. The last incident has established the fact that the CPM has illegal arms manufacturing units ... West Bengal plans 1600 acre townshipBusiness Standard - Aug 5, 2009 The West Bengal information technology (IT) department has acquired 1600 acres in Kolkata, close to Vedic Village, to build an IT township. ... More arms seized from resortPress Trust of India - Aug 25, 2009 Barasat (WB), Aug 25 (PTI) More arms were today seized from premier resort, 'Vedic village' in North 24 Parganas, two days after it was torched by a mob ... |
Maoists gun down CPM worker in BinpurTimes of India - 6 hours ago "Das was a resident of Jamda village under Lalgarh police station. We suspect Maoists killed him," a police officer said. Meanwhile, suspected Maoists ... Maoists kill CPM leader, ransack Lalgarh housesTimes of India - Aug 26, 2009 CHANDRA (West Midnapore): Armed Maoists yet again went on an offensive against CPM members in Lalgarh on Tuesday night, killing one and ransacking houses of ... Lalgarh-type operations to be replicatedTimes of India - Aug 20, 2009 NEW DELHI: Calling Lalgarh a "laboratory of (anti-naxal) operation", the Centre -- which along with state police has jointly been taking on Maoists there ... Govt shores up security infrastructure; Maoist threat looms largeEconomic Times - Aug 28, 2009 The anti-naxal operation being carried out in Lalgarh since June has shown some results as the Centre, in coordination with the state government , has been ... Naxals hold armed rally in LalgarhTimes of India - Aug 7, 2009 LALGARH: A day after the West Midnapore district administration admitted its failure in tackling the Maoists, the Red rebels in a brazen show of strength ... CM wants police to vacate Lalgarh schoolsTimes of India - Aug 11, 2009 MIDNAPORE: Realizing that continued occupation of schools in Lalgarh by police and the central paramilitary forces was snowballing into a major issue, ... Lalgarh jawan hit by bulletCalcutta Telegraph - Aug 17, 2009 17: For the first time since the Lalgarh operation began on June 18, a policeman has taken a direct hit at the fag-end of an encounter with Maoists. ... Forces may get longer Lalgarh stintTimes of India - Aug 13, 2009 MIDNAPORE: The central paramilitary forces will stay in Lalgarh till September 4, but the Bengal government will request the Centre to further extend their ... Two killed by rebels in Lalgarh regionHindu - - Aug 3, 2009 KOLKATA: The spate of killings by suspected Maoists in the Lalgarh region of West Bengal's Paschim Medinipur district continued, as rebels gunned down two ... Another body found in Lalgarh areaHindu - Aug 9, 2009 KOLKATA: Another body was found early on Sunday morning in the Lalgarh area of West Bengal's Paschim Medinipur district. The man had been shot dead. ... |
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Post-Nano, state gets mega project
KOLKATA: This is undoubtedly thebiggest industrial development story in Bengal sin-ce an angry Ratan Tata left
the state with his Nano project.
multinational, has overcome its Nano-induced nervousness and is coming to Bengal
with a Rs 6,500-crore steel-cum-power plant project. What’s more, land
acquisition for the project near Panagarh is going on quietly and sources say
the progress has been remarkably good.
Kalyani Steel Ltd, part of the
Kalyani Group, whose flagship company is Bharat Forge, had inked an MoU for a
1-million-tonne steel plant (a shade smaller than Durgapur Steel Plant) and a
500-MW captive power plant with West Bengal Industrial Development Corporation
in February 2008. But the state’s industrial climate had turned
shudderingly cold — violence had erupted in Nandigram and Singur a year
earlier and forces hostile to land acquisition for industry appeared on the
ascendant when Trinamool romped home in May 2008 (panchayat polls). The Kalyani
Group got cold feet.
No longer. Things seem to have changed. It
appears the investors have been assured not just by the Left but Trinamool, too,
and that has bolstered the Kalyani Group’s confidence to go ahead with the
project. Amit Kalyani, director, Kalyani Steels, told TOI on Saturday: “We
are excited about our West Bengal project. It will be a 2-million-tonne
speciality steel plant, built in phases.” This is double the capacity
inked in the 2008 MoU. The investment, too, is expected to be much larger than
the initial Rs 6,500 crore.
However, no one is giving out the new
figure yet. Neither industry secretary Sabyasachi Sen, who sounded upbeat about
the project, nor Amit Kalyani. Said Kalyani: “We are keeping our fingers
crossed considering the red-tape prevailing in our country. Yet, we are hopeful
that things will move faster in West Bengal, and hope to start functioning 27
months from the time we are handed over the land.”
Sen echoed
Kalyani: “The project will happen as per schedule. And that’s
certainly good news for Bengal.” His confidence stems from the fact that
the progress with land acquisition has been heartening.
http://timesofindia.indiatimes.com/Post-Nano-state-gets-mega-project/articleshow/4950068.cms
Air India to get Rs 5,000 cr equity infusion in 3 years
ET Bureau
NEW DELHI: Cash-strapped Air India may get a fresh lease of life with the government agreeing to infuse a performance-linked equity of Rs 5,000 three years into the state-owned airline. A committee of secretaries (CoS) headed by Cabinet secretary KM Chandrasekhar considered Air India’s proposal on Saturday to inject capital and provide soft loan, a person close to the development said. “The government would support the airline in meeting its short- and medium-term capital requirements. The CoS has agreed to increase the equity base of the company and take it above Rs 5,000 crore over the next three years,” the official said. He also said the government would help the airline in getting loan from banks if required. “The airline is comfortable with what the committee has proposed. The airline’s cost-cutting exercise so far undertaken was not satisfactory. They need to do a lot more,” another government official said on condition of anonymity. Hit by the worst financial crisis in its history, Air India had earlier sought over Rs 15,000 crore from the government to tide over the crisis. Air India had an accumulated loss of over Rs 7,200 crore as on March 2009. The high-level committee has, however, made it clear that the financial help would be linked with the money saved by the airline. Air India expects to cut its operational cost by about Rs 2,000 crore per annum besides enhancing its cash flow by 10-15%. The airline aims at saving about Rs 750 crore by rationalising productivity-linked incentives of its 31,000 staff. It has targeted to reduce its cost by Rs 500 crore by rationalising its network. On the revenue enhancement front, Air India has decided to unlock the value of its real estate properties. It will also expand its customer base. The airline is all set to launch its low-cost airline Air India Express on domestic routes. “Accenture has given a cost-cutting plan. It has said that the company would save over Rs 4,000 crore annually by cutting cost and enhancing revenue. The company chief has asked all concerned functional directors to act and produce desired results,” a senior Air India official said on the condition of anonymity. He said the cost-cutting measures suggested by Accenture have been presented to the CoS. Air India had submitted a turnaround plan, prepared by merchant banking firm SBI Caps, to the panel last month. Loan liabilities of Air India currently stands at nearly Rs 16,000 crore. The company owes about Rs 600 crore to Airports Authority of India (AAI) over and above the dues of private airport operators such as Delhi International Airport (DIAL) and Mumbai International Airport (MIAL). “The company has to make principal and interest repayment of about Rs 9,000 crore over the next three years, mainly on account of fleet acquisition,” an official said. Meanwhile, the CoS has directed the ministry of civil aviation to move a proposal to the Cabinet in consultation with finance ministry for the financial assistance to beleaguered carrier. | |
Prepare for the TDS nightmare
Mukesh Patel, TNN
Manubhai Shah, a senior citizen, is earning interest of Rs 2,40,000 on his bank deposits.
However,
since he is not liable to pay any Income-Tax on his total income after
eligible deductions, he currently enjoys the relief of exemption from
TDS by submitting the prescribed Form 15H to the respective banks
making interest payments.
But this luxury of TDS exemption may
not live long. The new Direct Tax Code to be effective from April 1,
2011 does not provide for any similar relief and hence Manubhai’s
interest receipts of Rs 2,40,000 will have to bear the harsh 10% TDS
brunt of Rs 24,000.
http://economictimes.indiatimes.com/quickiearticleshow/4939797.cms
1984 anti-Sikh riots case: Court awards lifer to 3
A Delhi court awarded life imprisonment to three people for
attempting to murder members of a Sikh family here in 1984 anti-Sikh
riots and came down heavily on ‘contrived inaction’ of the police and
the Government of the day which led to loss of "priceless lives".
Indicting the Delhi Police, the court said that
"instead of showing their allegiance to the rule of law, our
Constitution and the oath taken by them, a better part of their course
was found toeing line of their political rulers".
Convicts Mangal Sen alias Billa, Brij Mohan Verma
and Bhagat Singh, all in their 60s now, were also fined Rs 6.20 lakh by
Additional Sessions Judge Surinder S Rathi after being held guilty of
attempt to murder, rioting, dacoity in Shastri Nagar, north Delhi.
The court slammed the Delhi police and the
Government for its inability to tackle the riots that followed the
assassination of the then PM Indira Gandhi on October 31, 1984.
"History would never forgive the police officials
who were at the helm of affairs and the government of the day for their
unprecedented slothful and quiescent role.
"But for the contrived inaction and sluggish
response of Delhi police and the Government of the day, scores of
priceless lives and valuable property could have been saved," the court
noted.
Raj Kishore Modi was arrested late on Saturday after police probing the arson at
the resort found his
night, police were interrogating CEO M J Robertson and other top resort
officials.
Times of India reports.
Vedic fire: State Cong brass meets Guv for a CBI probe, Indian Express reorts:
Top Congress leaders on Saturday met Governor Gopalkrishna Gandhiand demanded a CBI inquiry into the Vedic Village incident, in which
one person was killed and several hutments destroyed when miscreants
set a portion of the prime resort on fire last Sunday.
Though initially the incident was said to have been
sparked off following a controversial penalty verdict in a football
match between Vedic Village Reddy Enterprise and Kashipur Baghajatin
Sangha, it has now snowballed into an issue of land grabbing with the
main accused Gaffar Mollah absconding and one Vedic Village official
arrested.
On Saturday, state Congress working president
Subrata Mukherjee and five other party leaders held a 40-minute meeting
with the Governor and demanded a CBI probe to unearth the truth behind
the incident.
Mukherjee alleged it was a larger politically-backed nexus that needs a fair investigation
“We have demanded a CBI inquiry into the Vedic
Village incident. There are issues like land-grabbing cropping up. What
happened to the post-mortem report of the boy who died that day? There
is a land mafia working there, which cannot operate without political
backing. The matter needs to be probed,” Mukherjee said.
Another murder’s shadow hangs over Vedic Village
* The Vedic Village controversy took a new turn on
Saturday when the father of a murdered chartered accountant filed a
fresh complaint to the police saying his son was killed inside the
resort.
The vice-president of the resort company had
invited his son Manish Agarwal for a discussion, he alleged. Manish’s
body was found in a decomposed state on an abandoned ground on EM
Bypass on February 28, 2008.
Since then, the police have been clueless about
the mysterious death of Manish who had gone missing since February
21.On Saturday, Manish’s father Shankar and uncle Promode filed a
complaint with North 24-Parganas SP Rahul Srivastava.
Mamata wants NIA to probe Vedic affairs
* Trinamool Congress chief Mamata Banerjee on
Saturday demanded an inquiry by the National Investigation Agency (NIA)
into the affairs of premier resort Vedic Village on the northern
outskirts of the city, where arms were found after a portion of it was
burnt down by a mob on August 23.
Alleging that illegal arms were stockpiled at
Rajarhat, where the resort is located, and that clandestine land deals
had been struck for it, she said, “Let there be an investigation by the
National Investigation Agency to ascertain which politicians and
ministers have taken land.” Banerjee told a news channel from Delhi
that she wanted a probe by NIA as illegal arms manufacturing units
existed at Rajharhat and attempts to grab land were made.
On CPM’s allegation of involvement of her party
MLA Arabul Islam and his brother in “forcible” land acquisition for the
resort, Banerjee said, “We are transparent. If the charges against my
party man are found true, we will take action.” “Arabul has been MLA
for two years, but Vedic Village was set up 15 years ago,” the
Trinamool chief said. PTI
Modi has been booked for keeping illegal weapons inside
Vedic Village, having links with criminals like Gaffar Mollah and trying to
acquire land using pressure tactics and influence. Police are also expected to
interrogate an MLA’s brother for his alleged links with Gaffar, the prime
accused in the case.
North 24-Parganas SP Rahul Srivastav said:
“Modi, Robertson, Santanu Bhattacharya and another top Vedic Village
official were called on Saturday to district police lines at Madhyamgram. Modi
was finally arrested after 11.30 pm.”
This late-night
development came after a day of startling twists and turns in the case. While
the family of a slain accountant, who allegedly had links to resort bosses,
demanded a fresh probe into the year-old murder, Mamata Banerjee vowed to refer
the case to the Centre for a probe by the National Investigating
Agency.
On February 29, 2008, aspiring chartered accountant Manish
Agarwal’s body was found at Dhapa. The 24-year-old had been missing for
eight days. His family had alleged then that he had come into close contact with
a number of Vedic Village officials, which led to the murder.
The
case had been closed, but after Manish's family read about the Vedic Village
arson and subsequent revelations, they felt the mystery surrounding the murder
could now be solved. His uncle Pramode told TOI: “We lodged a formal
complaint against Madan Mishra and eight others who are linked to Vedic Village
so that my nephew’s murder case can be opened
again.”
Lashing out at CPM, Mamata said she wanted an
“independent probe” into the arson. “CPM is to be blamed for
the violence. Now it is blaming others. I want an independent investigation and
punishment for whoever may be involved.”
“My party MLA
from Bhangar, Arabul Islam, has no link with the case and is being framed. I
have told him to stay out of any mess. These incidents at Rajarhat have been
going on for 10 years. Arabul became an MLA only in 2006.”
Oil exploration major Cairn's success story demonstrates that India is an
excellent destination for foreign investment
on Saturday.
Speaking after
inaugurating the Mangala field, India's largest oil discovery in two decades, he
said: "It can be demonstrated through Cairn's contribution that there is a very
good climate for investment in India".
Urging foreign investors to
come to India to take advantage of the opportunities available here, the prime
minister said: "I call on investors from different parts of the globe to come
here and assure them that they will get full and honest support from the Indian
government for all facilities."
Meanwhile, State-owned Air India (AI)
is yet to convince its 31,700 employees to take a wage cut to save the
loss-making company. Two employee
(AIEG) and Air Corporation Employees Union (ACEU), continued their flash
hunger-strike on Wednesday protesting against the management’s intention
to cut productivity-linked incentives by half. The two unions represent over 50%
of the airline’s total staff.
“The management wants to
halve our productivity-linked incentives (PLI) and we have objected to it. Our
share of the total PLI bill annually is just 18%. If that is cut by 50%, it
would be difficult for us to meet our financial needs,” AIEG secretary VJ
Deka said. AI’s annual wage bill is about Rs 3,500 crore, of which about
Rs 1,400 crore is on account of PLI.
The airline, which incurred a
loss of over Rs 5,000 crore in 2008-09, came under fire from several sections of
the government including Prime Minister’s Office (PMO) for doling out cash
incentives in the form of PLI. A committee of secretaries (CoS), which is
considering AI’s proposal seeking government’s financial help
scheduled to review cost-cutting exercise on August 29.
Mr Deka said
that there was huge disparity in PLI to various categories of employees.
“The huge chunk of PLI, over 80%, is claimed by top management
officials, engineers and pilots. There are pilots who draw a salary as much as
Rs 58 lakh with more than half of that being PLI. As compared to that our PLI is
only in the range of Rs 5,000,” he said.
As per the annual
report of Air India for 2007-08, nearly 1,600 employees drew an annual salary of
Rs 24 lakh or above.
According to an official, the company CMD Arvind
Jadhav has assured to consider the concerns of low-paid staff while reworking
the parameters of fixing the PLI structure. Air India plans to save about Rs
8,00 crore on its annual wage bill.
Following a crucial board
meeting last week Air India said it would slash the PLI by 50% across the board.
The company, however, clarified the very next day that it was yet to take any
decision on PLI cut, coming under pressure of the employee
unions.
“Without consulting us the CMD announced a 50% cut in
PLI after taking approval from the board. But we have strongly objected and said
that decisions can not be taken unilaterally,” ACEU chairman (Delhi
region) Surander Kumar said.
Air India has approached the government
for a financial assistance but the latter has made it clear that any help will
be linked with the cost reduction and revenue enhancement exercise by the
airline. As the CoS is scheduled to consider airline’s bailout proposal on
Saturday the company is under pressure to meet the expectations of the
government.
Manmohan Singh turned a valve
on the dais to symbolically start the Mangala field's production, amidst cheers
from the assembled audience of dignitaries, employees and local people, with the
Oscar-winning song "Jai Ho" playing in the background.
He was also presented with the
first drops of oil from the field in a container.
The prime minister said that
the inauguration of the Mangala field was bound to bring enormous prosperity to
Rajasthan.
"It is a historical
fact that whenever oil has been found in a country, it has developed very fast.
I believe after the oil production here, there will be a new Rajasthan where
there is no poverty and less unemployment.
"Our country is moving forward
at a rapid rate. But to remove poverty, there is a lot left to do," Manmohan
Singh said, noting if this rapid rate of growth has to be improved, there will
be further need for energy.
"Energy production is taking
place, but the demand for oil and gas is also increasing," he added.
Petroleum and Natural Gas
Minister Murli Deora and Rajasthan Chief Minister Ashok Gehlot were present at
the function, held in a massive air-conditioned tent, which had eight large
screens hanging from the roof to enable the audience to watch the event closely.
The site is 125 km from the India-Pakistan border.
Mangala's peak production of
125,000 barrels per day (bpd) will be reached in the first half of 2010.
Along with the production at
its Bhagyam and Aishwarya fields, the aggregate peak production by Cairn India
will be 175,000 bpd or 20 percent of India's domestic production - enough to
power 3.4 million cars daily or fill up 4.5 million cooking gas cylinders a
month.
The three fields are
expected to save the country $1.5 billion annually as import bill over the next
10 years. It would also earn the government $30 billion across the life of the
field by way of taxes, royalties and profit petroleum revenue.
Deora has said the central
government would get Rs.46,000 crore (Rs.460 billion) as profit petroleum
revenue. The Rajasthan government would get another Rs.12,000 crore (Rs.120
billion) as royalty revenue for the first five years, he said.
India imports over 70 per cent
of its crude oil needs. At its peak, Cairn's production will lead to cutting
down about 8 per cent of India's import bill at current oil prices.
Economic Times reports:
Assam chief minister Tarun Gogoi on Saturday directed officials to initiate
confidence building measures in trouble-torn North Cachar
Assam.
Mr Gogoi is slated to
visit Delhi and meet home minister P Chidambaram. The situation in North Cachar
hills and willingness shown by the Dima Halam Daogah (Jewel) (DHD-J) to come for
peace talks is likely to come up for discussion during the meeting. Already, the
government of India has expressed concern over the situation in the hill
district.
On Saturday, Mr
Gogoi reviewed the present law and order situation at Haflong and instructed the
administration to remain in vigil so that no further incident could take place
and also to implement confidence building
measures.
Chief minister further
directed to take proper measures for providing baby food and educational
facilities to the children living in relief
camps.
The chief minister also
reviewed the functioning of the North Cachar Hills Autonomous Council and
directed the administrator of the council Md Alauddin to take necessary steps to
clear out the pending salaries of the employees and to start the process of
development works in full swing. The matter of setting up of a village council
in the district was also discussed in the
meeting.
The chief minister
assured the apex bodies of tribal communities that under no circumstance will
Assam be again divided and there will be no division of North Cachar Hills in
the name of nomenclature.
The
chief minister also assured taking all possible measures for peace,
rehabilitation for violence affected people and a special package of development
for the district.
According to
the state government, the district has witnessed ethnic violence perpetrated by
the militant groups since March 19, 2009 which resulted in loss of lives of 64
innocent persons in addition to burning down of 520 houses.
The review meeting was attended by
the chief secretary P C Sharma, director general of police Shankar Barua,
additional chief secretary P P Verma and others.
'Global crisis led to breakdown of trust in fin system'
Reserve Bank of India governor D Subbarao on Friday said the ongoing global
crisis has resulted in a massive breakdown of trust in
that the study of economics could lose its value base.
“What
the crisis has done is to cause a massive breakdown of trust: trust in the
financial system, in bankers, in business, business leaders, investment
advisors, credit rating agencies, politicians, media and in
globalisation,” he said at a conference on ‘Ethics and the World of
Finance’ here.
Saying that current financial crisis has called
into question the ethical foundation of the financial world, the governor at Sri
Sathya Sai University said the crisis has exposed an issue of moral hazard in
the banking system.
“...Something that has come to be called
privatisation of profit and socialisation of costs,” he said. Governments
can hardly afford to have large institutions fail, as they would be bailed out
at tax payers expense, he added.
The ‘too big to fail’
syndrome enables financial institutions to take risks a soap maker cannot take,
he said. The crisis, he said, has triggered a soul-searching debate on whether
the malaise in the financial sector could be a result of the flaws in the
direction that economics, as an academic discipline, has taken over the years.
“I have raised the issue of economics, as an academic
discipline, losing its value base, and conjectured if that could be at the root
of the malaise in the financial sector,” he said.
FM announces lowering of interest for farmers
Union Finance Minister Pranab Mukherjee announced that farmerswho have taken loans and repaid them on time will pay one per cent less
interest than the market rate.
Such farmers will pay interest at the rate of 6 per
cent against the existing 7 per cent rate. The remaining one per cent
will be borne by the Centre, he said.
The Finance Minister, who was inaugurating a
branch of the United Bank of India at Jangipur near Berhampur in Bengal, said within a
year 3.25 crore farmers will get Kisan Credit cards and will be
eligible for agricultural loans.
He said following the Sacchar Committee report on
minorities, at least one bank will be opened in a minority predominant
area where there were no banks.
Mukherjee disbursed loans amounting to Rs 2.20 crore to 2,222 farmers and members of self-help groups.
After SRK episode, Salman cancels his US trip
Learning lessons from Shah Rukh Khan episode, Bollywood starSalman Khan has cancelled his upcoming trip to New York to promote his
latest movie ‘Wanted’, besides participating in the auction of his
personal paintings to raise funds for his charity.
Organisers and promoters associated with the event
cited Shah Rukh Khan's episode at Newark Airport early this month,
where he was questioned by immigration officials and taken for a second
screening, as a major reason for Salman to cancel his New York trip
scheduled in early September. The event was scheduled for September 3
in New York.
The promoters were also in talks with local organisers in cities like Chicago, Houston and Dallas for his other events.
"However, after the Shah Rukh Khan event, Salman
informed us that he would not like to take the risk of coming to the US
at this point," an informed source involved with the planning and
organising the September 3 event said.
It is understood that Salman's decision was also
propelled by what his aid alleged "the hard time" being given by the US
Consulate in Mumbai in approving the visa of his close associates,
including one of his family members, whom Salman wanted to bring along
with on this promotional trip.
Besides Salman Khan, producer Boney Kapoor, former
Bollywood star, Sridevi and Prabhu Deva were also scheduled to attend
the New York meeting.
Informed sources said following the Shah Rukh
episode, which attracted much media publicity in both India and the US,
there is a sense of reluctance among local promoters and organisers of
Bollywood events to risk inviting starts from Mumbai.
Shah Rukh had alleged that he was detained and
questioned at the airport for nearly two hours as his name popped up on
the computer of the immigration counter.
He alleged that he was subject to questioning as his last name was Khan, a charge denied by the US Customs and Border Patrol.
Despite RSS hints, immediate changes in BJP ruled out
The Bharatiya Janata Party (BJP) top brass met senior leader LKAdvani at his residence late on Friday night for almost two hours.
Among those who met Advani were Sushma Swaraj, Arun Jaitley, Venkaiah Naidu and Ananth Kumar.
Sources claimed that despite RSS chief Mohan
Bhagwat chalking out a succession plan for the BJP, there are no
immediate plans to ring in changes in the leadership.
The RSS succession plan is reported to have been
discussed during the meeting. BJP leaders were reluctant to reveal to
the media what exactly transpired at the meeting claiming that it was a
routine meeting.
The other issue that came up for discussion was
Jaswant Singh’s charge that Advani knew about and was in favour of
exposing the cash for vote scam that hit Parliament in July last year,
as the UPA Government was seeking a vote of confidence.
Firing a fresh salvo, Singh said Advani was "at
the centre" of the cash-for-votes scam drama enacted in the Lok Sabha
last year.
"It's a great sense of pity. Here was a man who
was consumed by an ambition to be Prime Minister, and that desire made
him commit so many mistakes. Do you know this whole wretched thing of
money for votes is a classic example of wrong decision-making and it's
extremely troubling that he did not stand up and say no? Advaniji was
at the centre of this whole drama," he told Outlook magazine.
Singh was referring to the episode when three BJP
MPs displayed bundles of currency notes totalling Rs.10 million,
claiming they were being offered as bribe to support the government.
Singh said the facts were clear and he stumbled
on to the whole thing when Sudheendra Kulkarni, a former aide of
Advani, brought a very strange looking fellow to his house.
"I was not consulted but I was appalled that
Advaniji was giving the MPs the go ahead to display money in
Parliament," he said adding that Advani had two choices -- either to
take the money to the Speaker or into the House. But he told the MPs to
display the money in Parliament.
The options left for Advani are to break his
silence and publicly clarify his stand to take on his detractors or
else resign as Leader of Opposition and end his political career,
leaving the BJP to battle the crisis.
Advani could also stay on till BJP presidential election in December to chart out a comprehensive succession plan.
It is clear that the fault line in the BJP have
widened with a number of senior leaders rebelling against the party
high command. With some much infighting there seems to be three
distinct camps within the BJP – the Rajnath Camp, the Advani Camp and
the Vajpayee Camp.
Girls traumatised in school premises; one raped, another stripped
| Font Size |
Agencies
Posted: Aug 29, 2009 at 1337 hrs IST
Jaipur/Faridabad Two girls faced harrowing time
at their schools with one being raped by the school owner and another
stripped off her shirt by her teacher for not paying tuition fee.
In the Pink City, a 14-year-old girl was allegedly
raped by the owner of her school. The Class VI student of Maharaja
Secondary School was allegedly raped by Ramesh Sain at the school
office on Friday, Deputy SP (North) Anil Gothwal said on Saturday.
Following the incident, angry locals indulged in stone pelting and gheraoed the police station. The accused has been arrested.
In Faridabad on the outskirts of the national
capital, a Class III student was stripped off her top by her class
teacher for not paying her tuition fee despite the fact that the child,
a daughter of an autorickshaw driver, was entitled to full fee
concession.
"I was forced to take off my T-shirt. When my
teacher caught hold of my skirt, I told her not to do that. When I
asked why she was doing it, she said it was the principal's order. Then
I was asked to stand half naked for a long time and when I tried to
cover myself, she asked me to stand straight," the nine-year-old victim
said.
The victim's mother said that she has a document
to prove that her daughter is exempted from paying fees. Taking note of
the incident, the National Commission for Protection of Child Rights
(NCPR) has said stern action will be taken against the teacher if she
is found guilty.
"If found guilty, we will take very strict action
(against the teacher). Not only the teacher, school management and
authorities are equally responsible," Sandhya Bajaj, NCPR member said.
Crisis spells boom time for CAs, CWAs
| Font Size |
Neha Pal
Posted: Aug 30, 2009 at 0116 hrs IST
New Delhi As companies are focusing on cost
cutting in times of economic slowdown, chartered accountants (CAs) and
cost and work accountants (CWAs) are laughing their way to the bank.
According to Institute of Cost and Work Accountants
of India (ICWAI), with companies looking for professional expertise in
areas such as valuation management, strategic management, risk
management and capital market analysis, salaries being offered for
these services to CAs and CWAs have soared.
While the average salary for CWAs in the previous
year was Rs 4.5 lakh per annum, this year the average salary has gone
up to Rs 7.2 lakh per annum. The highest offer for cost accountant has
been Rs 8.5 lakh per annum. In case of chartered accountants too, the
average salary this year has been Rs 6.5 lakh per annum compared to Rs
5.55 lakh last year.
According to Uttam Prakash Agarwal, president,
Institute of Chartered Accountants of India (ICAI), “Chartered
accountancy students have got better placements this year as compared
to last year. Even though the job market is tight this year, there has
been no slowdown for CAs in India .”
Some top companies which have hired CAs this year
include Wipro, HDFC, Jaypee Capital Services, Price Waterhouse Coopers,
Sony, L&T, HPCL, State Bank of India, Indian Oil Ltd, Bank of
India, ONGC, Sebi and Power Grid Corporation.
Major companies and PSUs which participated in
the direct recruitment process for cost and work accountants this year
include, Indian Railway Catering and Tourism Corporation (IRCTC),
Ircon, Food Corporation of India (FCI), Hindustan Zinc Ltd (Vedanata
Group) and Nestle.
According to ICWAI, “With all companies becoming
more cost conscious and cost effective today, students are being
trained in process management in different industries and valuation
management, besides financial accounting.”
ICWAI has also revised the syllabus, effective
from June 2008, for intermediate and final examinations. The new
syllabus has been designed to address demands in areas such as
valuation and strategic management, risk management and capital market
analysis.
Govt agrees to infuse Rs 5000 cr into Air India over next 3 years
ET Bureau
NEW
DELHI: The government has agreed to infuse an equity of Rs 5,000 crore into
cash-strapped Air India over the next three years subject to the
performance. A committee of secretaries (CoS) headed by Cabinet secretary KM
Chandrasekhar considered Air India's proposal on Saturday to inject capital and
provide soft loan, a person close to the development
said.
"The government would
support the airline in meeting its short and medium term capital requirements.
The CoS has agreed to increase the equity base of the company and take it upto
Rs 5,000 crore over the next three years," the official said.
He also said that government
would help the airline in getting loan from banks if required.
"The airline is comfortable
with what the committee has proposed. The airline’s cost-cutting exercise
so far undertaken was not satisfactory. They need to do a lot more," another
government official said.
Air
India had earlier sought over Rs 15,000 crore from the government to tide over
the crisis.
Air India has an
accumulated loss of over Rs 7,200 crore as on March 2009. Hit by the worst
financial crisis in its history the company has approached the government for
financial assistance.
The
high-level committee has, however, made it clear that the financial help would
be linked with money saved by the airline. Air India expects to cut its
operational cost by about Rs 2,000 crore per annum besides enhancing its cash
flow by 10-15%. The airline aims at saving about Rs 750 crore by rationalising
productivity-linked incentives (PLI) of its 31,000 staff. It has targeted to
reduce its cost by Rs 500 crore by rationalising its
network.
| Also Read |
| → Air India set to move out of Nariman Point HQ |
| → Air India needs bailout: Praful Patel |
| → AI asks employees to accept salary cuts |
| → Take a look at world's top 10 airports |
On the
revenue enhancement front, Air India has decided to unlock the value of its real
estate properties and expand its customer base. The airline is all set to launch
its low-cost airline Air India Express on domestic routes.
"Accenture has given a
cost-cutting plan. It has said that company would save over Rs 4,000 crore
annually by cutting cost and enhancing revenue. The company chief has asked all
concerned functional directors to act and produce desired results," a senior Air
India official said on the condition of
anonymity.
He said that the
cost-cutting measures suggested by Accenture has been presented to the CoS. Air
India had submitted a turnaround plan, prepared by merchant banking firm SBI
Caps, to the panel last month.
Loan liabilities of Air India
currently stands at nearly Rs 16,000 crore. The company owes about Rs 600 crore
to Airport Authority of India (AAI) over and above the dues of private airport
operators such as Delhi International Airport Ltd (DIAL) and Mumbai
International Airport Ltd (MIAL).
"The company has to make
principal and interest repayment of about Rs 9,000 crore over the next three
years mainly on account of fleet acquisition," an official
said.
Meanwhile, the CoS has
directed the ministry of civil aviation to move a proposal to the Cabinet in
consultation with finance ministry for the financial assistance to beleaguered
carrier.
For WPI read old price index, outdated goods
TNN
NEW
DELHI: If you’ve been wondering why prices burn a bigger hole in your
pocket each time you go grocery shopping even as the inflation rate
negative, here’s part of the reason: The official wholesale price index
(WPI) tracks stuff you don’t buy, not unless you are caught in a time
warp.
Time was when middle-class families across India cooked with
Dalda or Rath brands of vanaspati oil. When toasts were raised with Double Horse
whisky or Old Port Dix Rum. When scooters outsold motorcycles and teenaged girls
ritualistically used Keo Karpin hair oil before stepping out. Consumer
preferences have changed but the WPI remains stuck in the early 1990s.
The base year for the current WPI series is 1993-94. It has 435
commodities in its basket, which includes 98 primary articles, 318 manufactured
products and 19 fuel and energy sources as well as lubricants. But the basket is
completely out of sync with current consumption trends. For instance, the list
of Indian Made Foreign Liquor has just five archaic brands. The same holds true
for many other commodities, including manufactured goods and food items.
The WPI is illogical and outdated on other counts too, listing no
other detergents but Sansar powder, manufactured in Bangalore and Surf made in
Mumbai. This, even though HLL, which manufactures Surf, has factories in many
parts of the country and does not base its price on products manufactured in
Mumbai.
Similarly, the confectionery market has expanded but the WPI
lists just 10 varieties of toffees manufactured by two brands, Parrys and
Nutrine. Saridon is still the WPI’s brand of choice, as is Kolkata-based
Deys Medical for personal grooming products such as hair oil.
The
WPI basket no longer reflects market categories either. In 1993-94, pagers sold
more than mobile phones as did scooters compared to motorcycles and cars.
That’s not true in 2009.
The government says it’s hard
to draw up a more representative list of products because of problems sourcing
data from as many as 5,000 units. Therefore, it’s contemplating making it
binding for companies to report monthly data.
‘‘Getting
the data from private companies is a problem,’’ said Pranab Sen,
secretary, ministry of statistics and programme implementation. He says the new,
updated WPI series will soon be ready. Once the new system kicks in, inflation
data will be released on a monthly basis rather than weekly, as happens now,
sources said.
Cash transfers better than drought relief works
TNN
I became a journalist in 1965, when two successive droughts killed thousands and forced India to beg for US food aid. India’s share of global so large then that a best-selling book claimed that India was unviable and should be left to starve, conserving food aid for viable countries. How distant those dark days seem ! This year another drought has struck, but we have no panic or talk of food aid. India withstood a terrible drought in 2002, so Indians are confident that the government knows how to tackle droughts. That’s a revolutionary change from the 1960s. Most people think that the Green Revolution ended mass starvation. Not so. The Green Revolution improved yields, and made India self-sufficient . Yet, it did not raise yields sufficiently to increase foodgrain availability per head. Remarkably, grain consumption per head in later years rarely reached the 1964 level. Why, then, did droughts cease to cause mass starvation? Because of better food distribution, not production . In subsequent droughts, enough food got through to the worst hit. Rural employment was the key to success. Maharashtra first experimented with an Employment Guarantee Scheme when hit by successive droughts in the early 1970s. Simultaneously, countries of the Sahel region in Africa suffered repeated drought. Food aid was rushed to Sahel, while very little came to India or Maharashtra . Yet, there was mass starvation in the Sahel, and none in Maharashtra. Economists Amartya Sen and Jean Dreze explained the paradox. In Maharashtra, grain availability per head was just half that of the Sahel. But employment schemes enabled hungry Maharashtrians to earn just enough to stave off death. Maharashtra suffered mass hunger, but not mass starvation. The opposite was true in Sahel. Food aid piled up in ports and godowns , but there was no mechanism to get it to those starving. NGOs, government agencies and free kitchens did not have the necessary reach. In Maharashtra, the market provided the reach. Once the needy obtained purchasing power through employment schemes, the market drove grain to where the money was. This reached the needy more efficiently and completely than free government kitchens. Other states did not follow Maharashtra’s lead in enacting employment guarantee legislation. But when a drought occurred, they would rush to create emergency employment schemes. Gujarat, for instance , created millions of man-days of work to successfully combat the 1987 drought. This approach aimed to relieve distress, not improve economic efficiency . Yet, economic efficiency improved too. Research across the world shows that, other things equal, small farmers are more efficient than large ones, mainly because they maximize the use of family labour. Markets usually drive assets to those who use them most efficiently . When industries suffer a recession , inefficient industries fail and are acquired by efficient ones. But this does not happen in rural India in a drought: efficient small farmers do not acquire the land of inefficient absentee landlords. On the contrary, many small farmers make distress sales of their land and cattle to large farmers. Why such perverse results? Because rural credit and insurance markets are missing or incomplete. Big farmers dominate access to credit , and enjoy the lion’s share of huge rural subsidies for electricity, water , fertilizers and credit. In these conditions, small-farm efficiency does not translate into superior yields or income. Rural employment schemes plug the financial gaps of small farmers and thwart distress sales. This not only relieves suffering but improves economic efficiency: small landholders are efficient. How should rural employment be tailored to meet needs in the current drought? First, the financial allocation must be raised: the budget has already done this. Second, the spending share of the states should be reduced in the worst-hit areas, enabling them to tap more central money. In 2008, Bihar provided just 23 days work per applicant, Chhattisgarh 30 days, Jharkhand 44 days and Uttar Pradesh 26 days. These states are badly hit by drought this year, and must expand person-days of work massively. Third, payments to workers must be prompt. Many states routinely delay payments, hitting the neediest. Dreze rightly calls this deplorable. A radical solution would be for states to stop rural works and simply pay the legal compensation to job-card holders. This will cost less than rural works, since money will not be spent on materials or supervision : it will go entirely to the needy. In effect, cash transfers will replace rural works. Activists like Dreze will demur: they think rural works create durable assets, despite evidence to the contrary. I believe that in a major drought, we should focus on getting cash to the needy, not on building mud roads that vanish in the next monsoon. | |
Five ways you and I help the black economy grow
Meenakshi Kumar and Insiya Amir, TNN
Black money thrives. It’s not just stashed away in Swiss banks by
crorepatis and billionaires, but in ordinary middle-class homes, away
from the eyes of the income tax inspector and banking authorities.
The black economy is currently estimated to be 50% of India’s gross
domestic produce (GDP). Professor Arun Kumar of Jawaharlal Nehru
University’s Centre for Economic Studies and Planning, says it could be
more. Much more. Kumar should know. He wrote the book, The Black
Economy in India. He says, “In 1995-96, it was 40% of India’s GDP.
Considering that the economy has grown by 8% and more in the last
decade, it can be assumed that the black economy too has grown roughly
by the same amount.” That’s a conservative estimate, he adds. It could
be much more, somewhere close to 70%.
Local business results for Vedic Village near Kolkata, West Bengal
- Change location - Back to results | Vedic Village The- maps.google.co.inShikhapur, Kolkata, Kolkata "The property was pretty good. The food was good."
| ||||||
 | Vedic Village Kolkata- maps.google.co.in1/1B Upper Wood Street, Kolkata - 033 22802071 More information » | ||||||
 | Rajarhat Land - Landwala- www.landwala.inPO Barish, 15B, N.S Road, Kolkata - 09804569543 More information » | ||||||
 | More results near Kolkata, West Bengal » |
 L K Advani should have done a Sonia From being the BJP’s tallest leader and one of the most respected figures in politics , Advani has suffered a steep fall.  New BJP roadmap soon; Advani, Rajnath may go Sources  BJP to announce new roadmap soon: Sources Sources say that BJP, currently dealing with the leadership crisis, is likely to announce soon a new roadmap for the party.  Jaitley frontrunner for BJP chief's job Sangh intervened strongly to end infighting in the party and force leaders to reach consensus on a new party chief.  Advani meets RSS chief Senior  BJP says it will come out stronger from crisis It's a temporary phase and party will come out stronger from the present crisis, said BJP VP Mukhtar Abbas Naqvi.  Immediate change in BJP leadership ruled out Despite Mohan Bhagwat chalking out a succession plan for BJP, there are no immediate plans to ring in changes in the leadership.  Khanduri takes complaint to RSS chief B C Khanduri today met RSS chief Mohan Bhagwat and is understood to have aired his grievanaces.  BJP has to decide its own future: RSS Chief The BJP has to "think and decide" its own future, Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat said.  Party colleagues put Advani on the mat on Kandahar Advani was aware of the decision to swap terrorists for hostages during Kandhar hijack, Mishra & Sinha asserted.  So, did Advani lie on Kandahar hostage swap? After  Atal would have handled things well: Yashwant Factional  Sinha, Brajesh too nail Advani's Kandahar lies Yashwant & Brajesh too question Advani's Kandahar claims.  BJP 2009 looks more like Cong 1996 Rajnath faces rebellion from Raje & Khanduri, after Shourie’s outburst.  Anti-Sardar Patel book sold from RSS HQ in Gujarat Narendra Modi displayed great alacrity in banning Jaswant Singh's Jinnah book in Gujarat. | ||
http://economictimes.indiatimes.com/quickieslist/4909035.cms
Mamta demands investigation by NIA in Vedic village episode
ET Bureau
KOLKATA: A day after the Congress demanded a CBI investigation into the Vedic Village episode, railway minister and Trinamool Congress chief Saturday went a step forward and sought an investigation into the resort ravage by the National Investigation Agency (NIA). Mamata told reporters in Delhi on Saturday that CPIM had been involved in illegal land grabbing in many parts of West Bengal and the recent incident at the Vedic Village was a glaring example of that. "We want an investigation into the resort issue by the NIA," Mamata said. Interestingly, the Union cabinet on December 15, 2008 had cleared a proposal to set up the NIA exclusively to combat terrorism more effectively. The Union cabinet also gave a green signal to amend the Unlawful Activities (Prevention) Act, 1967 during its meeting on December 15, 2008. The NIA is supposed to be a more powerful investigation agency than the CBI and Mamata’s demand for the Vedic Village probe by the newly formed agency is significant because she does not have any faith in the state run investigation agencies. Meanwhile, the state government has assigned inspector general of police (South Bengal), Sanjoy Mukherjee to probe the Vedic Village incident. Already two persons including one Village official have been arrested in connection with the incident which claimed one life last Sunday when miscreants led by Gaffar Mollah opened fire at a crowd near Rajarhat. Interestingly, preliminary reports received by the CPIM state leadership suggested that no party heavyweight was involved in the alleged land grabbing by the muscleman Goffar Mollah and his associates. But, local leaders complained to the party secretary Biman Bose who held a meeting with them recently that a number of party activists had been maintaining links with Gaffar Molla, prime accused in the resort violence which claimed one life. A local CPIM leader from Sikharpur, which is very close to the resort, Bablu Naskar had lodged a complaint with the Rajarhat police station saying that his land was forcibly captured by Mollah and his men. But, the police did not respond to Naskar’s allegation. In a related development, CPIM state leadership on Saturday asked its leader and land and land reforms minister Abdur Rezzak Mollah to submit a report on the Vedic Village land distribution. It is learnt that Mollah will submit his report to the state party chief Biman Bose on Monday. | |
Maoists shoot dead CPM duo | ||||||||||||||
| OUR BUREAU | ||||||||||||||
Aug. 29: Two CPM supporters were shot dead today by suspected Maoists in West Midnapore and Purulia, both rebel strongholds. Police Lakshmi was going home after completing party work around 7pm. The spot where he was murdered is near a CRPF camp in Mudali, which is near Arsa. “Five Mohammed In another incident, an armed gang of Maoists killed Bidyut Baran Das in Binpur, West Midnapore. Forty-eight-year-old Bidyut, too, was fired at from a close range. The The villagers found him lying in a pool of blood and took him to Jhargram subdivisional hospital where he died of his injuries. “Bidyut “There | ||||||||||||||
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POETS AND LOVERS - Women in medieval Spain enjoyed a freedom rare even today | |
| -Githa Hariharan | |
Consider Sadly, Then Needless Wallada Only Hafsa Though Wallada | |
|
Cairn turns tap on Indian oil well
By Douglas Fraser BBC Scotland Business Editor |
"When we started, we were a $10m dollar company, and now in India we're a $10bn company," says Sir Bill Gammell.
The
chief executive of Cairn Energy is in the Indian state of than to mark
the start of oil flowing from a giant oil field in the desert state
near the Pakistani border.
Production at the Mangala field is expected to rise to at least 175,000 barrels per day - a fifth of the country's production.
With
smaller fields being developed, the event signifies a huge shift in
energy security for India, which has had to import about 70% of its
oil.
Twenty-one years since it was listed on the London stock
exchange, it also puts Sir Bill's Edinburgh-based company into a much
higher corporate league.
"It has placed us on the map," he
said. "We are now an international company of some stature, that has
been able to develop what is now probably in the top 100 fields in the
world as a national asset for the Indian government.
"That
gives us credibility that we can go into partnership anywhere in the
world. We're now just opening up a new exploration position in
Greenland. We couldn't do that if we didn't have the calling card of
what we've achieved over the last 20 years."
 |  We thought it would be good for 60,000 to 100,000 barrels per day, but now we're saying publicly it is at least 175,000  Sir Bill Gammell Cairn Energy |
With a London stock market valuation of £3.6bn, the company has a
65% stake in Cairn India, and that calling card has also put it into
the second stage of bidding for huge possibilities in Iraq, where the
Indian skills base could prove useful.
Sir Bill said no decision had been made about whether to take that forward.
It
will require further assessment of political risk as well as technical
and commercial risk, and the question of whether Cairn could have an
edge there with its operations.
The big Indian find was a big
gamble. Cairn Energy paid £7m for a Rajasthani drilling block from
Shell, which had given up on it.
It was 2005, and the company
was burning its way through $100m of drilling investment, and was close
to having to give up too - until drill number 16.
A call came
at 4am one morning: "My exploration director said 'you won't believe
what I'm seeing here. It looks too good to be true', which is usually
because it is. But it turned out to be better than we thought at the
time," Sir Bill recalled.
"We thought it would be good for 60,000 to 100,000 barrels per day, but now we're saying publicly it is at least 175,000.
"If you're committed to a strategy, you must play that strategy out," said Sir Bill.
Family friend
He
links his team-based business philosophy closely to his passion for
sport, having played on the wing for the Scotland national rugby team
in the 1970s.
He is also noted as a friend of Tony Blair from
schooldays in Edinburgh, and a long-standing family friend of President
George W Bush.
Of the risks in the oil business, Sir Bill said:
"You learn from your failures. We're always de-briefing and thinking
about we could do differently. Failure is something I embrace, and it's
something I encourage in my people to embrace, because we learn from
it.
"In oil and gas, one in ten works out to be commercial. If
you are successful, you have to have the ability to replicate and
follow up. For us the exciting thing is that we've got a very large
acreage in Greenland, and if there's a sniff of oil, we're going to be
right at the forefront of the potential there.
"The Arctic is
one of the last great unexported areas of the world. When the oil price
was below $40, people went for easier picks. Greenland's only had half
a dozen wells ever drilled. We're picking up acreage in basins where
nobody's every drilled before.
"The US Geological Society says
the top ten countries in the world include Iran, Iraq, Saudi, and in
among them at number five is Greenland - and it's the only area where
there's no production.
"The challenge is, as opposed to
drilling a well in Rajasthan, where it might cost us $1m, in Greenland
it might cost us $100m."
"If Greenland happened to come in, it
would completely transform us. It has the ability because of the scale
and the size to be something that could make us into a major - no doubt
about it".
The full interview with Sir Bill Gammell can be
heard on BBC Radio Scotland's The Business programme at 1000 BST on
Sunday 30 August, and on BBC iPlayer.
Farmers at Maya door for Anil land | ||
| OUR SPECIAL CORRESPONDENT | ||
Lucknow, Aug. 29: Two The The “We The Sources They Under The land’s character has changed, though, with a boundary wall built, the field demarcations removed, and a lot of earth dug up. Congress | ||
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9/11 brain now CIA asset - Torture debate as Mohammed reveals Qaida secrets | ||
| PETER FINN, JOBY WARRICK AND JULIE TATE | ||
Washington, Aug. 29: After In Speaking These “KSM, The Over “What “During Critics “Democratic
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| LOS ANGELES TIMES- WASHINGTON POST NEWS SERVICE | ||
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Vedic chief arrested |
A STAFF REPORTER |
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http://www.telegraphindia.com/1090830/jsp/frontpage/story_11427768.jsp
Moon sends a bolt from blue | |
| G.S. MUDUR | |
New Delhi, Aug. 29: India’s The The During Engineers The Isro The “The last three months have been attempts at salvaging the mission,” a senior Isro engineer told The Telegraph over the phone. “We now have no contact — and thus no control over the spacecraft.” Chandrayaan-1 Isro Even “This | |
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Talks switch to Advani successor |
| SANJAY K. JHA |
New Delhi, Aug. 29: Top RSS and BJP leaders are now discussing only the process and the successor. Sources If The Advani favours Sushma Swaraj but the far more senior and experienced Murli Manohar Joshi is said to be the Sangh’s first choice. RSS RSS These Rajnath Sources So, The sources said both Rajnath and Joshi, along with other senior leaders, would be taken into confidence over this decision. The He Asked Sushma |
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http://www.telegraphindia.com/1090830/jsp/nation/story_11427478.jsp
Rebel defector was target |
| OUR CORRESPONDENT |
Ranchi, Aug. 29: When Munda’s Munda, Sources Mahto’s Apart The While “Recent |
It’s not just the leadership, stupid | |||
Radhika Ramaseshan argues that the leadership tussle and indiscipline are not the main problems the Bharatiya Janata Party (BJP) faces — the real issues are the polemics on ideology versus pragmatism | |||
“Ah, then, what help are honour and good name Oedipus in Oedipus at Colonus by Sophocles (The Theban Plays) It Farce it was not. When
The It In “The The “Not The Clearly, But, There But The “real” issues, he says, are the polemics on ideology versus pragmatism and the RSS-BJP equation. “Ideology In Fine tuning the RSS-BJP relationship is more problematic. A former Sangh pracharak Though “Figures speak for themselves,” says the ex-pracharak. For If Will Behind Mookerjee After The Is the BJP now waiting for history to repeat itself? | |||
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How green is my village | |||
Barely Walk Anegundi, Christened “Given Needless But how, exactly, did it all begin? Amitabh Kant, former tourism secretary and more recently author of Branding India, a Intended There Overall, Most In Yet Others In |
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