Monday, March 15, 2010

Govt, Oppn gear for Next Battle, over Nuke Damage Liability Bill But Govt avoids Trouble; Puts off Nuke Bill in LS! Inflation nears 10 pct; rate hike priced in!India, US set to boost high-technology trade!

Govt, Oppn gear for Next Battle, over Nuke Damage Liability Bill But Govt avoids Trouble; Puts off Nuke Bill in LS! Inflation nears 10 pct; rate hike priced in!India, US set to boost high-technology trade!


No Battle, Floor djustment only asDefeat ensured with much more Concern and solidarity, the washington Super Slave Brigade Plays it Safe in the same manner as Matua Brahmin Mamata Surrenders in remote North 24 Parganas, Bangaon on the Feet of Matua Mother, the widow of PR Thakur to fix SC Matua Twenty Milion Votes in Rural Bengal!

The Opposition showcasing so much so Resistance against the projected Nuclear Resistance, plays on the Tune of American Indian Hegemony Interests at last and ENDORSE all other Anti People Legislation and Policy Making with ignorant innocent Posture as Mind Control IPL Drama Dilutes the Reality Show within the Parliament. Hence,Govt allows foreign universities to open campuses without any Resistance whatsoever!The cabinet on Monday approved a proposal to allow foreign universities to set up campuses, a minister said, in a move that could reduce the flow of Indian students abroad.


Indian Holocaust My Father`s Life and Time - THREE HUNDRED Eleven

Palash Biswas


http://indianholocaustmyfatherslifeandtime.blogspot.com/

Timeline: Foreign Educational Institution Bill

Livemint - ‎2 hours ago‎
Read story 7 July 2009: Amid criticism of his 100-day agenda, HRD minister Kapil Sibal on Tuesday said that the government is contemplating a bill on ...

Cabinet to discuss five education reform bills today

Times of India - Akshaya Mukul - ‎Mar 10, 2010‎
All the new Bills are part of HRD minister Kapil Sibal's plan to revamp higher education. If cleared, HRD wants to introduce all the new Bills next week. ...

You have done your homework well, Kapil Sibal

Daily News & Analysis - Manjula Pooja Shroff - ‎Feb 19, 2010‎
The Union HRD minister - Kapil Sibal, who is at the vortex of the educational reforms currently sweeping the country was in Ahmedabad last week, ...
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Corporate sector must look at elementary education too: Kapil Sibal

Hindu Business Line - Adith Charlie - ‎Mar 11, 2010‎
You have set targets for ambitious reforms in the education sector — be it moving to a credit-based education system or setting up educational tribunals to ...

Sibal proposes radical changes in education

India Today - ‎Mar 12, 2010‎
Union Human Resource Development Minister Kapil Sibal said he is about to bring in new proposals by enacting a new act that would usher in radical changes ...

Kapil Sibal shifts onus of education to the government

Moneycontrol.com - ‎Mar 9, 2010‎
"All these years, education was about politics and not reform. I give full credit to Sibal for pushing through reforms and not politicising education," says ...

Govt moots educational tribunals to settle legal disputes in private sector

Daily News & Analysis - ‎Mar 7, 2010‎
Sibal said the Centre is also planning to bring in a legislation to regulate foreign education providers in the country so that students are not duped by ...
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Cut The Stress

Times of India - ‎Feb 17, 2010‎
If HRD minister Kapil Sibal has been pushing for some time to reduce the enormous stress placed on India's school-leaving students, the proposal to hold a ...
Still an exam Indian Express
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Topper trials

Mid-Day - Dilip Cherian - ‎Mar 9, 2010‎
Union Human Resource Development Minister Kapil Sibal doggedly continues to push his vision of a unified education policy. The flurry of reforms has ...

Grey areas in India's Copyright Act!

Economic Times - ‎Feb 20, 2010‎
In the capital, HRD minister Kapil Sibal who had hogged the limelight for proactively following a reform agenda for the Indian education system, ...
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Advance tax data shows India Inc fared well during FY 10

15 Mar 2010, 1818 hrs IST, PTI

MUMBAI: If the trends in advance tax payment by Indian companies are any indication, then India Inc seems to have fared well this fiscal,
Advance Tax
despite the overhang of the global recession.

Barring a few, most companies have paid a higher tax this quarter (Q4 FY 10) and for the year (FY 10), an Income Tax source told PTI here today.

"According to preliminary data, several companies have paid a higher tax this quarter," the source said.

Aditya Birla group company, Grasim Industries, has paid Rs 216 crore advance tax in Q4 FY 10 as compared to Rs 65 crore it paid in the year-ago period. Its total payment for this fiscal has gone up to Rs 811 crore as against Rs 285 crore in FY 09, the source said.

Pharma major, Glaxo Smithkline, has shelled out Rs 68 crore this quarter as compared to Rs 56 crore it had paid during the same quarter last year. Total payment during FY 10 stood at Rs 270 crore compared to Rs 224 crore in FY 09.

Mahindra & Mahindra Financial Services has paid Rs 58 crore advance tax in Q4 FY 10 compared to Rs 46 crore in Q4 FY 09 while its total payment for this fiscal is Rs 197 crore compared to Rs 152 crore in FY 09, the source said.

State-owned Mazgaon Dock has made a payment of Rs 29 crore this quarter as compared to Rs 21 crore it had paid during the same quarter last year.

However, its total payment during FY 10 is lesser at Rs 121-crore compared to Rs 137-crore in FY 09.

Though Hindalco has paid higher in Q4 this fiscal at Rs 85 crore as against Rs 70 crore in the year-ago period, its total payment for the year is lesser at Rs 348 crore as against Rs 400 crore in FY09.

Food-maker Heinz India has paid Rs 20 crore as advance tax in Q4 FY10 as compared to Rs 11 crore it paid in Q4 FY09. The company's total payment for this fiscal has gone up to Rs 55 crore as compared to Rs 37 crore in FY09.

Companies like Hindustan Cola, Greaves Cotton and Mahindra Gesco, which hadn't paid any advance tax in Q4 FY09, have all made advance tax payments in Q4 FY10.


Also Read
 → India LIC pays 8.64 bln rupees advance tax: Official
 → Reliance Industries pays Rs 770 crore advance tax in Q4
 → Divestment in Hindustan Copper may be possible: Min
 → Par panel for raising minimum capital of LIC to Rs 100 cr


Hindustan Cola has paid Rs five crore in Q4 FY10 with its total payment for FY10 at Rs 16 crore compared to Rs 10 crore in FY09, the source said.

Greaves Cotton has shelled out Rs 14 crore in Q4 FY10 and its total payment for FY10 is Rs 28 crore. It had not paid any tax at all last year.

Mahindra Gesco has paid Rs 11 crore for Q4 FY10 and its total payment for the fiscal stands Rs 24 crore as compared to Rs 12 crore in FY 09, the source said.
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India LIC pays 8.64 bln rupees advance tax: Official 
15 Mar 2010, 1537 hrs IST

India's government owned Life Insurance Corp of India has paid 8.64 billion rupees as advance tax for the March quarter, compared with 8.1 billion rupees a year ago, an income tax department source said on Monday.

Reliance Industries pays Rs 770 crore advance tax in Q4 
15 Mar 2010, 1221 hrs IST

Cement maker ACC paid Rs 330 crore, from Rs 340 crore a year ago, the source, who did not wish to be named, added.

Divestment in Hindustan Copper may be possible: Min 
15 Mar 2010, 1203 hrs IST

Divestment in Indian state-run Hindustan Copper might be possible, the mines minister said on Monday.

Par panel for raising minimum capital of LIC to Rs 100 cr 
14 Mar 2010, 1318 hrs IST

A parliamentary panel has favoured raising the minimum paid-up capital of state-owned Life Insurance Corporation from Rs 5 crore to Rs 100 crore, a move which will bring it on par with private insurers.

All villages to get banking services by 2015: RBI 
13 Mar 2010, 2126 hrs IST

The Reserve Bank deputy governor KC Chakrabarty on Saturday said all the villages will have banking services by 2015.

Investment in IMF is good: RBI 
13 Mar 2010, 2042 hrs IST

Reserve Bank deupty governor KC Chakrabarty said the investment in the International Monetary Fund by purchasing USD 10 billion worth of its notes is a good decision as the country has surplus foreign exchange reserves.

Investment in IMF is good: RBI 
13 Mar 2010, 2000 hrs IST

Reserve Bank Deupty Governor KC Chakrabarty on Saturday said the investment in the International Monetary Fund by purchasing $10 billion worth of its notes is a good decision.

RBI lends $10 bn to help IMF build a 'war chest' 
13 Mar 2010, 0154 hrs IST

RBI has done its bit to help economies struggling from the global financial crisis, by lending $10 billion to the International Monetary Fund's war chest, dedicated to the cause.

Forex reserves up at $ 278.4 billion 
12 Mar 2010, 2042 hrs IST

Country's foreign exchange reserves jumped marginally to $ 278.431 billion for the week ended March 5 from $ 278.357 billion in the previous week.



Mahasabha boost for Mamata Chief patron of group once wooed by Left

March 14: Mamata Banerjee was today appointed the chief patron of the All India Matua Mahasabha, whose 1.2 crore members across 74 Assembly constituencies in Bengal, were wooed by the Left Front in the last Lok Sabha elections.

The Matuas, who are mostly Scheduled Castes or Scheduled Tribes, are spread across eight districts — Howrah, the two 24-Parganas, Nadia, Malda, Cooch Behar, South Dinajpur and North Dinajpur.

Jyotipriya Mullick, the Trinamul MLA from Gaighata in North 24-Parganas on whose insistence Mamata became a member of the Mahasabha six months back, said: "As the chief patron of the Matua Mahasabha, Mamatadi will get the support of its 1.2 crore members who had till recently backed the Left Front. These Mahasabha members will now vote for us."

In Mullick's constituency of Gaighata, 62 per cent of the voters are Matuas.

"I encouraged Mamatadi to become a member of the Matua Mahasabha six months back," Mullick said. "Today, she came closer to the Matua community as its chief patron."

This evening, Mamata took a special train from Sealdah to Thakurbari, about 70km away. The station at which travellers get off is the Thakurnagar station, but for Mamata, the train went straight to Thakurbari.

There, a ladder was brought so that Mamata could alight from the train as there is no platform.

Mamata went straight to Binapani Debi, the chief adviser of the Mahasabha who is affectionately called Ma by her devotees.

"Ma garlanded Mamatadi and then handed her a letter confirming her appointment as chief patron of the organisation. Mamatadi offered her pranam and gifted Ma a shawl," said Mullick, who was present there.

The Trinamul MLA claimed that over 3 lakh Matuas had stood on both sides of the road to welcome Mamata.

The CPM, asked about Mamata's attempt to woo the community, said the Matuas must not be "misguided".

Party state secretariat member Rabin Deb said: "We have a solid vote bank among the Matuas. We must appeal to them not to be misguided."

He added: "I am leaving it to their conscience to take a decision on whether they would back this dangerous move to mix religion with politics."

Deb, who has lost to Mamata twice in the Calcutta South parliamentary seat, said the Union railway minister should have "refrained from mixing religion with politics".

Sources among the Matuas said several Left Front leaders, among them CPM politburo member Brinda Karat, party state secretary Biman Bose, Forward Bloc secretary Asoke Ghosh and the late CPM minister Subhas Chakraborty, had visited Ma's residence at Thakurnagar to woo the Matuas before the last general elections. "We remember Left Front leaders earlier visited Ma with the sole objective of getting the votes of our 1.2 crore devotees," said an elderly member of the Mahasabha.

Bose had alleged after the 2009 Lok Sabha polls that Trinamul supporters had spread rumours in Bongaon, North 24-Parganas, that a temple where the Matuas pray had been attacked. "They spread this rumour to stop the deeply religious Matua people from voting," he said.

State Trinamul Congress president Subrata Bakshi said: "Mamata, who has been able to woo Muslims away from the Left, will be able to consolidate her vote bank in the Matua community as well. Days are coming when people cutting across religions will back Mamata because of her pro-people attitude."

A vice-president of Trinamul's minority cell also welcomed Mamata's overtures to the Matua community.

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http://www.telegraphindia.com/1100315/jsp/bengal/story_12217637.jsp

15/03/2010

Three reasons why the crucial Nuclear Bill is in trouble

New Delhi: Expectedly, the Civil Liability for Nuclear Damage Bill has run into an `explosive' debate and, as a fallout, the Government had to postpone the tabling of the Bill. If the Bill fails to sail through the Lok Sabha, Prime Minister Manmohan Singh is likely to face a major embarrassment as he embarks on a US trip in the middle of next month to attend a summit on nuclear security.

Three reasons why the crucial Nuclear Bill is in trouble

Prime Minister Manmohan Singh is likely to face a major embarrassment as he is all set to visit US next month to attend a summit on nuclear security. The Indo-US nuclear deal is yet to sail through Lok Sabha. Photo Courtesy: AFP

The bill is a key element of operationalisation the landmark Indo-US nuclear deal. The Civil Liabilities Bill provides for compensation in case of a nuclear accident.

Singh has to secure Parliament's nod for the Bill. But the BJP and the Left parties find themselves on the same side of the fence in opposing the Bill. Now with the Yadavs keen on taking `revenge' on the Congress for the humiliation over the Women's Reservation Bill and with Mamta Banarjee's Trinamool Congress becoming increasingly unpredictable, the numbers seem to be stacked against the Congress and the UPA.


http://news.in.msn.com/national/article.aspx?cp-documentid=3709688
Govt, Oppn gear for next battle, over nuke bill

Mon, Mar 15 05:10 PM

New Delhi , March 15 -- The brouhaha over the women's reservation bill is not quite over, but a fresh one appears imminent with the government set to introduce a bill in the Lok Sabha that is key to implementation of the India-US civilian nuclear deal. The main opposition BJP and the Left parties have decided to oppose the Civil Liability for Nuclear Damage Bill that was cleared by the Union cabinet before Prime Minister Manmohan Singh's trip to the United States last November. The Prime Minister is scheduled to visit the US again in April. The India-US nuclear deal, an issue on which he staked his government two years ago, is still not operational. Minister of State (Independent charge) for Science and Technology, Prithviraj Chavan, is scheduled to introduce the bill on Monday. If passed by Parliament, it will pave the way for American firms to do business in nuclear energy with India. It provides for fixing the total liability for a nuclear mishap at around Rs 2,200 crore, out of which Rs 500 crore will be paid by the public or private operator in India, and the remaining amount by the government. However, no liability will be fixed on the foreign supplier companies even if there is a mishap because of a manufacturing defect. This provision has been strongly opposed by the Left, the BJP and environment groups. Clause seven of the bill states:"Central government shall be liable for nuclear damage in respect of a nuclear accident when such liability exceeds the Rs 500 crore liability limit of the operator or where the accident occurs in a nuclear installation owned by it." Noted lawyer and former Attorney General of India, Soli Sorabjee, in an opinion to international environmental activist group Greenpeace, has described the bill as "discriminatory". The BJP conveyed its opposition to the Prime Minister as well as to National Security Advisor Shivshankar Menon when the latter called on Leader of Opposition in the Rajya Sabha Arun Jaitley earlier this month. The party is opposed to the low liability level of private service providers in case of accidents. The government is pushing for the bill since it feels that its passage would enable India to start civil nuclear commerce with American firms. What next?

The government has the numbers to get the bill passed, but this may not happen as soon as it wants.
Hindustan Times

Govt, Oppn gear for Next Battle, over Nuke Damage Liability Bill But Govt avoids Trouble; Puts off Nuke Bill in LS! Meanwhile,India, US set to boost high-technology trade!India and the US hope to significantly expand bilateral cooperation in critical areas like defence/strategic trade, civil nuclear cooperation, biotechnology, nano-technology and civil aviation after two-day talks on high technology starting in washington on Monday.Indian Foreign Secretary Nirupama Rao arrived washington Sunday to co-chair the seventh meeting of the India-US High Technology Cooperation Group (HTCG), its first since President Barack Obama took office, with Dennis F. Hightower, Deputy Secretary of Commerce.Officials bilateral talks between the two sides Tuesday will be preceded by a meeting Monday between top US and Indian business executives hosted by the US-India Business Council (USIBC) to discuss ways in which the two governments can facilitate trade in specific industry sectors. Suggestions emerging from this dialogue are expected to inform the official level talks.HTCG was conceived in November 2001 with a joint statement by then President George W. Bush and then Indian prime minister Atal Bihari Vajpayee who affirmed their commitment to transform and deepen US-India relations. Both countries agreed to take cooperative steps to create the requisite political, economic, and legal structures for successful high-technology commerce. However,The Bharatiya Janata Party (BJP) has turned down Prime Minister Manmohan Singh's appeal to end its opposition to the civil liability for nuclear damage bill as The government Monday deferred the introduction of the nuclear liability bill in view of fierce opposition from the Bharatiya Janata Party and the Left, and offered to discuss the contentious document that is key to making the India-US nuclear deal functional.The government Monday introduced in the Lok Sabha a constitutional amendment bill that proposes to rename Orissa as Odisha. On the other hand,the Bahujan Samaj Party?s rally on Monday, the birth anniversary of party founder the Late Kanshi Ram, is expected to be attended by 20 lakh people.Like Lalu and Mulayam, Mayawati is also Tamed with Judicial Pro Activism and Central Investigation Agencies. Mayawati is more Pragmatic in Social Engineering and keeps her Cards on Vital Issues to be played safe! People in this Uttar Pradesh capital, particularly the board examinees, Monday had a harrowing time reaching their destinations due to lack of buses owing to the Bahujan Samaj Party's (BSP) rally to mark its 25th anniversary celebrations. Students had to leave for their examination centres a few hours before their papers started.

So what next? This time, No Battle, Floor adjustment only as Defeat ensured with much more Concern and solidarity, the Washington Super Slave Brigade Plays it Safe in the same manner as Matua Brahmin Mamata Surrenders in remote North 24 Parganas, Bangaon on the Feet of Matua Mother, the widow of PR Thakur to fix SC Matua Twenty Million Votes in Rural Bengal!The government decided against tabling the bill fearing trouble as Opposition Left parties and BJP as also ally Trinamool Congress were opposed to it and there were fears that there could be demands for division of votes. With only one day left for the first half of the Budget session to end, the bill could now be tabled in the House in the next part starting on April 12.Meanwhile,the Rajya Sabha Monday revoked the suspension of four Samajwadi Party (SP) members, amongst the seven MPs against whom action was taken for their unruly behaviour before the debate on the women's reservation bill last week.On the other hand, as the implications of the passage of the Women?s Reservation Bill in the Rajya Sabha become clearer, anxiety appears to be replacing the initial confusion among MPs. Most are worried whether they will be able to return to Parliament. Many are blaming the Congress president?s advisers for making the party and its government vulnerable.The stakes are high and so is the scepticism. Rashtriya Janata Dal (RJD) chief Lalu Prasad has been touring Bihar to explain his strident opposition to the women's reservation bill but is finding that convincing people may not be that easy with some even dismissing his campaign as a political gimmick.

The Opposition showcasing so much so Resistance against the projected Nuclear Resistance, plays on the Tune of American Indian Hegemony Interests at last and ENDORSE all other Anti People Legislation and Policy Making with ignorant innocent Posture as Mind Control IPL Drama Dilutes the Reality Show within the Parliament. Hence,Govt allows foreign universities to open campuses without any Resistance whatsoever!The cabinet on Monday approved a proposal to allow foreign universities to set up campuses, a minister said, in a move that could reduce the flow of Indian students abroad.British scientists have developed a computer that can read human minds, a key breakthrough which they claim takes telepathy a step closer to reality.We need some definitely to read the Minds of our Political Leaders so Loyal and Habitual, Committed to Genocide and Betrayal Culture! The computer is able to decipher thought patterns and tell what people are thinking simply by scanning the brain -- in fact, it can delve into memories and differentiate between different recollections.In fact, this breakthrough follows research last year by the same scientists who used the same technique to track a person's movements around a computer-simulated room.An amusing news breaks in as Leaders, cutting across party lines, have demanded that paid news be treated as an electoral malpractice that is liable for prosecution by the Election Commission (EC).

Averting trouble, government today deferred introduction in Lok Sabha of the controversial nuclear liability bill that provides for compensation in the event of a mishap and indicated that it could be delayed till the second half of the Budget session starting April 12. The Civil Liability for Nuclear Damage Bill 2010, a key step in operationalisation of the Indo-US nuclear deal, was listed for introduction in the House but at the last moment the government said it was not going ahead with it today.On the other hand,The headline inflation topped expectations and came within touching distance of double digits in February, making a rate increase by the Reserve Bank of India (RBI) all but inevitable at its scheduled April policy review.Every terror outfit in Pakistan is supported by ISI. Demands voice samples of 2 Pak Army men. Decisive & swift action if attacked again Home minister P. Chidambaram on Friday set a terror test for Pakistan, asking it to provide India with voice samples of two of its military officers suspected to be part of the 26/ 11 attack on Mumbai which could be examined at a laboratory in a neutral country.



 "I have a request from the Minister Prithviraj Chavan that government does not intend to introduce the Civil Liability for Nuclear Damage Bill today," Speaker Meira Kumar announced. She made the announcement when Chavan was to move the bill as per the business listed against his name, triggering protests from the opposition with NDA Working Chairman L K Advani asking the government to tell the House why the Bill was deferred suddenly.

Pointing out that the Bill was an important part of the day''s business, Advani said, "The government should tell the House why it is not introducing the bill. Government should tell the House whether it has a re-think on it or whether they are not introducing because of opposition to the bill".

Annual wholesale price inflation accelerated to 9.89 percent in February, the highest since October 2008 and well above the RBI's end-March projection of 8.5 percent and the 8.56 percent January reading.Reuters Reprts!

The inflation data comes on the heels of a 16.7 percent annual jump in industrial output in January, with the unexpectedly strong economic pickup also backing the case for the central bank to raise policy rates by at least 25 basis points.

"This seals the case for rate hike so we expect both reserve ratio and interest rate hike on or before April policy meeting," said Ramya Suryanarayanan, an economist with DBS in Singapore.

A Reuters poll had estimated headline inflation in February to be 9.62 percent, and markets were little moved.

While government officials spoke out against raising rates ahead of the past two quarterly Reserve Bank of India meetings for fear of choking off recovery, they have less case for making a similar argument next month as inflation surges and growth broadens.

"It is worrying that inflation always turns out higher than expected, and the fact that there is a huge backward revision is also not good," Suryanarayanan said.

The December figure was revised to 8.1 percent from 7.3 percent.

The partially convertible rupee was little changed at 45.56/57, while the 30-share BSE index was flat.

The 10-year bond yield edged up 1 basis point to 8.02 percent, matching a 17-month high touched last week. It had closed at 8.01 percent in the previous session.

BORROWING BLUES

Rising inflation and the government's plan to borrow a record $100 billion in the fiscal year that starts April 1, most of which is expected in the first half, have weighed on bond prices.

The borrowing plan complicates the central bank's job as raising rates aggressively would also push up New Delhi's borrowing costs.

"The underlying inflation pressures are intensifying as capacity utilisation is reaching the previous high of 2007. More companies are reporting labour shortages and rising wage cost," said Robert Prior-Wandesforde, senior Asian economist at HSBC in Singapore.

"I think RBI is well behind the curve in tightening policy. Realistically, the huge government borrowing limits their scale of action," he said, adding that inflation should moderate after March thanks to an expected fall in commodity and food prices.

Rising prices have sparked opposition-backed street protests and made the government reluctant to push through reforms such as relaxing fuel and farm price controls, even though the ruling Congress party faces no risk of losing power anytime soon.

HANDS-OFF UNTIL APRIL?

Despite the strong inflation and industrial output numbers, most analysts expect the central bank wait with any action for its policy review next month.

Most economists polled last week by Reuters expected the central bank to raise rates on April 20, although they were divided over whether it would be a 25 or 50 basis point rise.

More than half of those polled also expected a further rise in the cash reserve ratio for banks after its 75 basis point increase in January.

India would be only the second Group of 20 country, after Australia, to raise interest rates as the global economy recovers from the financial crisis.

The high inflation was mainly due to the continued rise in food prices, which climbed 17.8 percent from a year earlier in February and RBI deputy governor Shyamala Gopinath said price growth should moderate over time.

"There could be some demand side pressures reflected in inflation for manufacturing. We do think that it should reduce, we are reviewing all our parameters and indicators for the April policy," she told Bloomberg-UTV television on Monday.

Inflation in manufacturing accelerated to 7.42 percent in February from 6.55 percent in January, indicating that inflation has now spilt over to the broader economy.

"A greater pick-up in manufacturing inflation is going to be a source of concern going forward. Overall, inflation is expected to remain at elevated levels till September," said Vivek Kumar, economist with ICICI Bank in Mumbai.

Govt allows foreign universities to open campuses

The cabinet on Monday approved a proposal to allow foreign universities to set up campuses, a minister said, in a move that could reduce the flow of Indian students abroad.

Tens of thousands of students head to universities in the United States, Britain and Australia among others for quality education each year.

The long-standing proposal to reform the education sector will now go to parliament for ratification, Road and Transport Minister Kamal Nath told reporters following the cabinet meeting.

Political parties have in the past opposed the entry of foreign universities, saying the poor will not be able to afford the fees.

But experts have called for a revamp of the education system, which focuses on learning by rote.

Goldman Sachs counts the lack of quality education as one of the 10 factors holding India back from rapid economic growth. Analysts say it raises costs, including salaries as firms vie for the best recruits, and reduces firms' competitive edge.

The demand for graduates over the next five years is likely to be 13.8 million, analysts have estimated. But with only 13.2 million students graduating over the same period, the country will face a shortfall of 600,000 graduates.

India's large English-speaking population and growing middle class are expected to make the country a desirable destination for top foreign universities.

Lowering BP risky for patients with diabetes, heart disease
A University of Florida researcher has urged caution in reducing blood pressure in patients with diabetes and coronary disease.

According to Rhonda Cooper-DeHoff, an associate professor of pharmacy and medicine at UF, new data show an increased risk of heart attack, stroke or death for patients having blood pressure deemed too high or too low.

She suggests raising the systolic bar above 120 for blood pressure in patients with diabetes and coronary artery disease, saying that levels between 130 and 140 appear to be the most healthful.

Based on hypertension treatment guidelines, doctors have assumed that with regard to blood pressure, "the lower, the better," Cooper-DeHoff said. But, The International Verapamil SR-Trandolapril study, known as INVEST, suggests that the range considered normal for healthy Americans may actually be risky for those with a combined diagnosis of diabetes and coronary artery disease.

Cooper-DeHoff said: "Our data suggest that in patients with both diabetes and coronary artery disease, there is a blood pressure threshold below which cardiovascular risk increases."

Nearly two out of three adults with diabetes have high blood pressure. Normal blood pressure as defined by the American Heart Association is less than 120 systolic and less than 80 diastolic. Blood pressure greater than 140 is still associated with a nearly 50 percent increase in cardiovascular risk in patients with diabetes. But efforts to reduce systolic blood pressure to below 130 did not appear to offer any additional benefit to diabetics with coronary artery disease compared with reduction of systolic blood pressure to between 130 and less than 140.

Cooper-DeHoff's research reveals for the first time that this group of patients also had a similar increase in risk when their blood pressure was controlled to lower than 115 systolic - the range recommended as normal by the American Heart Association.

Stephan Brietzke, an endocrinologist who did not participate in the research, said Cooper-DeHoff's findings parallel recent studies looking at blood sugar control, which suggest a U-shaped curve with higher cardiovascular risks at both "too high" and "too low" extremes.

Cooper-DeHoff's presented the findings of her study on March 14 at the American College of Cardiology's 59th annual scientific session in Atlanta. (ANI)

Indian-American professor wins $500,000 US science award

Indian-American computer scientist Subhash Khot, most well known for his 'Unique Games Conjecture', has received the prestigious National Science Foundation's (NSF) $500,000 Alan T. Waterman Award.

The award is given annually to an outstanding young researcher in any field of science and engineering supported by the NSF. The honour includes a grant of $500,000 over three years for scientific research or advanced study in any field of science.

An Indian Institute of Technology, Bombay graduate, Khot is associate professor at the New York University's Courant Institute of Mathematical Sciences.

A theoretical computer scientist, he works in an area called 'Computational Complexity' which seeks to understand the power and limits of efficient computation.

'Subhash Khot is a gifted and ambitious young scientist,' said NSF Director Arden L. Bement, Jr.

'He courageously tackles some of the most challenging computational problems, all the while advancing computer security, with vast consequences for the broader security of our personal identities, commercial interests, societal institutions...even for national security as a whole.

'Subhash is a brilliant theoretical computer scientist and is most well known for his Unique Games Conjecture,' added Jeannette Wing, assistant director for NSF's Computer Information Science and Engineering (CISE) directorate.

'He has made many unexpected and original contributions to computational complexity and his work draws connections among optimisation, computer science, and mathematics.'

Khot has made significant inroads to identifying 'computational intractability' or problems that cannot be solved fast. He has uncovered a problem about probabilistic games called 'the Unique Games Problem'. His work shows that it lies at the core of a variety of intractable computational problems, NSF said.

Khot has received an NSF Career Award, a Sloan Foundation Fellowship, and a Microsoft New Faculty Fellowship.

With his colleagues at NYU, Princeton, Rutgers University, and the Institute for Advanced Study, he is part of a $10-million NSF 'Expeditions in Computing' grant under which the researchers are seeking to bridge fundamental gaps in our understanding of computational intractability.

Khot did his doctorate in computer science from Princeton University in 2003.

Currently, an associate professor in the Department of Computer Science at the Courant Institute, Khot was previously an assistant professor at the Georgia Institute of Technology (2004-07).
Scientists sequence Hydra genome

 Biologists from the University of Columbia, Irvine have played a major role in sequencing Hydra genome - a research that found the freshwater polyp shares many genes with humans.

e study has appeared in the March 14 online version of Nature.

In the report UCI biologists Robert Steele and Hans Bode, along with nine other UCI scientists and an international team of researchers, describe the genome sequence of an organism that continues to advance research on regeneration, stem cells and patterning.

The scientists discovered Hydra to have about the same number of genes as humans, sharing many of the same ones. They also found genes linked with Huntington's disease and with the beta-amyloid plaque formation seen in Alzheimer's disease - two areas in which UCI has traditionally strong research programs - suggesting the possible use of Hydra as a research model for these two diseases.

Steele, associate professor and interim chair in biological chemistry, said: "Having the Hydra genome sequenced also enhances our ability to use it to learn more about the basic biology of tem cells, which are showing great promise for new treatments for a host of injuries and diseases." (ANI)

No proposal to dilute women''s bill: Cong

 Even as NCP leader Sharad Pawar indicated that there could be some dilution in the Women''s Reservation Bill, Congress today maintained that there was no such proposal. "Let me make it clear that there is no such proposal.

There is no such idea," party spokesman Abhishek Singhvi said when asked if the views of the Yadav troika of SP chief Mulayam Singh Yadav, RJD supremo Lalu Prasad and JD(U) President Sharad Yadav would be accommodated in the bill. Singhvi said within the UPA coalition everything is discussed and there is no disharmony.

"We will be on the same page," he said. The spokesman said the UPA pushed the bill in the Rajya Sabha and it will achieve the dream of getting it passed.

"There is no cause of speculation in this regard," he added. Asked about BJP and Left supporting the Women''s Reservation Bill and joining hand to oppose the Nuclear Liabilities Bill, Singhvi said there was no connection between the two bills.

He said it was for BJP and Left to decide if they come together on an issue but added that wherever there is a "clear, transparent public interest" involved, the party will go ahead. Singhvi said the party sought support from BJP on 123 Agreement and the Women''s Reservation Bill, adding that it was "unmasked on 123" while it supported the government on the Women''s Reservation Bill.

Few VIP categories to be exempt from frisking in US

After the frisking fiasco involving former president APJ Abdul Kalam on a US-bound American airline last year, the US aviation security department, Transportation Security Administration (TSA), has conveyed to its Indian counterpart that it may exempt four to five categories of VVIPs from frisking before entering its aircraft.

The VVIP list is likely to include past and present presidents, the Vice-President, the Prime Minister and the present Union Cabinet. The list has been pruned down from some 30-40 categories of VVIPs, which currently figure in the country's Bureau of Civil Aviation Security (BCAS) list who are exempted from frisking.

The matter had come up for detailed discussion during a meeting of the Indo-US joint working group held in January this year.

"A formal response from the TSA is awaited. However, they have agreed in principle to exempt four-five categories of VVIPs from frisking ahead of boarding a flight," said a senior civil aviation ministry official. The list will be prepared and finalised at the next meeting of the ministry with the US security agency.

Since such privileges are extended on a reciprocal basis, India will also review the list of US dignitaries it wants to exempt from frisking.

The US authorities may consider private screening for the VIPs separately at designated VIP lounges, as they had expressed reservations about accommodating the huge list of Indian VIPs for exemption.

Kalam's frisking last year had outraged parliamentarians and the matter was raised in Parliament. Civil aviation minister Praful Patel had then claimed that the BCAS would be registering an FIR against Continental Airlines for conducting the security check on Kalam in violation of existing rules. The FIR was, however, never filed.

TSA, the highest transport security body in the US, was established in the wake of the terrorist attacks of September 11, 2001, to secure US transportation systems. Since then, aviation security has been stepped up to combat terror attacks. It recently decided to enhance screening for those who hold a passport issued by, or are travelling from or through nations that are state sponsors of terrorism.

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Smita Aggarwal

Financial Express

Cash rates end steady post-adv tax outflows

Indian overnight cash rates closed little changed on Monday after having risen earlier in the session as banks borrowed funds to meet demand from corporates, who needed cash for making quarterly advance tax payments.

The overnight cash rate closed at 3.25/3.30 percent, off the day's high of 4.00 percent and little changed from Friday's close of 3.25/3.35 percent. Rates had closed at 3.35/3.40 percent in an illiquid market on Saturday.

"Rates are higher due to advance tax outflows, banks become cautious and don't leave anything for afternoon, so in case banks have over borrowed in the morning, then in the afternoon rates could crash," said Anoop Verma, an associate vice president with Development Credit Bank.

"Rates are, however, not likely to rise beyond 4.75 percent today," he added.

Corporates make payments towards quarterly advance taxes in anticipation of their profits at year end, temporarily draining funds from the banking system. Dealers said the money should be pumped back into the system in about 15 days.

Analysts estimate advance tax payments would drain about 400-500 billion rupees from the system.

According to the data from the Clearing Corp of India (CCIL), the volume in the call money market stood at 95.64 billion rupees while it was at 744.95 billion rupees in the Collateralised Borrowing and Lending Obligation (CBLO), a secured form of money market lending.

The weighted average rate in the call money market was 3.76 percent, while it was at 3.38 percent in the CBLO market, CCIL data showed.

Banks parked only 42.30 billion rupees with the central bank at its daily reverse repo auction, down from a total 539.25 billion rupees parked at two auctions on Friday, reflecting the squeeze in excess funds with banks.

FICCI sees recovery for Indian media, entertainment industry

The media and entertainment industry in India is set to witness a recovery this year after hitting a rough patch in 2009 due to a slowdown that resulted in a rather modest growth of a mere 1.3 percent in revenues, says a new survey.

Relaesed ahead ot the Frames 2010 media and entertainment summit here Tuesday, the study by the organiser Federation of Indian Chambers of Commerce and Industry (FICCI) says the growth this year will be driven by both support revenues and enhanced penetration.

'Rising disposable income of the working population and increased spend on discretionary items, not only in Tier-I but also Tier-II and Tier-III cities is expected to continue impacting the industry favorably,' says the study, supported by consultancy KPMG.

'Growth of newer delivery platforms with superior technology and functionality is likely to expand horizons. Aspirations of Indian players to go global and foreign players enter India will also help the industry target a doubledigit growth in next five years.'

The report says the role of new media is becoming increasingly important doe advertisers and focus on talent development, consumer research and innovation will help the players in differentiating themselves amidst growing competition.

In 2009, the industry, which dependent on advertising for almost 40 percent of its revenues, was hit due to shrinking ad budgets of the corporate world, and grew at a modest rate of 1.3 percent, against 12 percent the previous year.

The study has also identified 10 key drivers to growth:

- Digitization to help in spreading the reach and impact

- Regionalisation to aid in inclusion of untapped markets

- Convergence and Impact of new media to benefit media players

- Consolidation is leading to emergence of players with superior capabilities

- Competition is expanding the operating market

- Talent development and management are becoming key to business success

- Innovation is sweeping across products, process, marketing and business model

- Growing importance of pay markets in media business models

- Consumer research will ensure consumer oriented media products and delivery

- Players are using multiple modes of connecting with consumers

The full report is scheduled to be released by Maharashtra Chief Minister Ashok Chavan and federal Information and Broadcasting Minister Ambika Soni in the high presence of actors like Shah Rukh Khan and Katrina Kaif and film makers Yash Chopra and Karan Johar.
Indo Asian News Service

Tension after miscreants throw animal carcass in mosque

Rudrapur, Mar 15 (PTI) Tension gripped a locality after some unidentified miscreants threw an animal carcass inside a mosque in Rudrapur town in Uttranchal, police today said. Following reports that tension was brewing between two communities after organs of a pig were thrown inside a mosque yesterday, police immediately deployed personnel in the area early today to avert a possible clash, officials said here.

Authorities also ensured that the worship place was cleansed but members of the minority community were irked by the incident and demanded immediate arrest of the miscreants. When police picked up some persons for interrogation on the basis of suspicion, some members of the majority in the locality gheraoed the police station and demanded their release.

However, police said its personnel were adequately deployed and no untoward incident was reported yet.

15/03/2010

Telangana issue takes yet another twist on merger

Hyderabad: Adding a new dimension to the Telangana issue, some leaders of Rayalaseema region are submitting a proposal to the Srikrishna Committee that in case Telangana becomes a separate state, Rayalaseema should be merged with it.

Telangana issue takes yet another twist on merger

"It is in our interest if Rayalaseema is merged with Telangana. Otherwise, we won't have any water in case Telangana refuses to share," said former minister J C Diwakar Reddy, who is a Congress MLA from Tadipatri in Anantapur district, at a meeting of MLAs of all parties from Andhra and Rayalaseema.

T G Venkatesh, a Congress MLA from Kurnool, went a step further when he claimed that Rayalaseema MLAs would submit a proposal to the Srikrishna Committee seeking a special development package for four districts of the region: Kadapa, Kurnool, Anantapur and Chittor.

Claiming that Rayalaseema suffered as much injustice as Telangana, a Praja Rajyam Party (PRP) MLA from Allagadda, Shoba Reddy said Kurnool, which was capital of Andhra till October 1956, had to give up the status when Andhra and Telangana were merged and Hyderabad was made capital.

"Everyone is talking of Andhra or Telangana. No one is thinking of Rayalaseema which has sacrificed so much. Once a separate Telangana state is formed, who is going to look after our interests if we don't take it up now?" she asked.


Done but not enough to dance

Calcutta, March 14: Eden's lights didn't fail, Shah Rukh Khan didn't dance and his Knights didn't do their usual.

Amid Mexican waves rippling round the stands, they downed Bangalore's Royal Challengers in probably the most facile victory of season three; unlike in Mumbai two nights ago, the Knights never looked like losing this one.

The frailty of their opposition on the day encouraged Sourav Ganguly enough to give Rohan Gavaskar a bowl. Father Sunil, on commentary at the time, took a wicked crack at his son. Offered a comment, he quipped, "Well, all I can tell you is I wouldn't mind facing him."

Ganguly's men have two in two now, but they will do well to remain reminded of 2008. They are exactly where they were that first season — two out of their first two — and then they took a tumble they have yet to recover fully from.

Shah Rukh Khan hasn't forgotten; no dancing, he's promised himself, not until his men have won five in a row. "I'm assured by Dav that we will win many more," he told the elated arena post-match. Sourav's team must improve on their act to achieve that, tonight's win notwithstanding.

They were gifted this game more than they earned it. The Challengers batted leaden of feet and shackled of shoulders, barely able to get the ball away. There was some accusatory chatter in their dugout over the wicket's drowsiness, but it was swiftly buried when the Knights came out to bat. The strip crackled under their ministrations. They got to a hundred in the 12th over and they hadn't even lost a wicket.

Anil Kumble's Challengers were a mere 73 at that stage of their outing and had lost half the studded side. His stars all seemed set on a trek. Sreevats Goswami 8. Virat Kohli 2. Manish Pandey 0. Eoin Morgan 10. Rahul Dravid 21.

Jacques Kallis was the only one who stood there, an infallible column amid the ruins around him. He must have flown in first class from Johannesburg last night and slept well en route. He showed few signs of fatigue, tonking an unbeaten 65, and then opening the bowling for them.

But by then, the Knights had grabbed the initiative rather too completely for Kallis to turn things. Manoj Tiwary, picked Man of the Match for his blustery 50, and Brad Hodge began as if they wanted to be early for the Knights' evening bash.

Tiwary bludgeoned Kallis's second over for 14 and then immediately got after Dale Steyn, scooping him over mid-off for six and then a four and then another four. Kumble brought himself on at the other end, and received no mercy from Tiwary; he went for nine, including two rasping hits to the boundary on either side of Eden. Tiwary had suddenly climbed to 40 off 20, dwarfing the more reputable Brad Hodge at the other end.

Shah Rukh Khan stirred out of circumspection and clapped. Then he eased a little more into himself, calmed by a couple of more hits to the fence, and air-kissed. The MC was belting "korbo, lorbo, jeetbo", Eden was swinging.

But Shah Rukh was still resolute in his vow not to dance. Even though he had good reason, and a better stage. He had won his place on the makeshift open-air deck with a tweeted dare to fire authorities mid-morning: I'm not coming to Eden unless I have it. They gave in on their objections quite tamely and the buzz is the deck is there to stay for the duration of the Knights' home outings.

Nearly a quarter of the seats went unsold, though, and Shah Rukh hadn't ferried an entourage big enough to fill it up. Not even seats given away to the beautiful people backing Bangalore — a despondent Katrina Kaif among them — gave the hospitality box the bearing of a full house. Eden was another story, packed to its gills and roaring in delight as Dada's men proceeded to make short work of the opposition.

Both Tiwary and Hodge perished after getting quicksilver half tons, but they'd brought the Knights too close to the target for any real discomfort. Sourav scratched about to begin with and swung and missed, but even stolen singles kept the runs required well below balls left.

He got one good tonk for six above long on before holing out to Eoin Morgan off Praveen Kumar but his dugout was already able to afford celebration. The way they'd batted, it was a disappointment the Knights went into the last over to seal victory.

But they must post a few more if they wish to see their boss dance. He has picked — and tweaked — lines from Robert Frost and he intends them to be a frosty reminder to his employees: "The road is deep, and we have promises to keep."

http://www.telegraphindia.com/1100315/jsp/frontpage/story_12217772.jsp

THE OLDEST ROUTES
- An annual report on migration in the past, present and future

I want to tell you today about a well-researched report on the migration question that has just been produced. While delineating the future contours of a policy-making base on migration through engagements within the academia, a plan had been mooted by the ministry of overseas Indian affairs for starting the publication of an annual migration report. This was to be on the basis of ongoing research along the lines preferred by the annual world development or human development reports. It was suggested that each such annual volume may focus on a particular theme. It is in keeping with this idea that the first in the series, India Migration Report 2009, has been produced under the general editorship of Binod Khadria, professor of the Jawaharlal Nehru University. The first year's theme is understandably comprehensive: "Past, Present and the Future Outlook" on Indian migration.

Perhaps as far back in history as the times of the ascendancy of Greek, Roman and Egyptian civilizations in Mediterranean Europe — or even earlier times — Indians went on foreign voyages or travelled along the famous land routes joining India and Central Asia. On these journeys, the principal European markets had once depended and thrived. We went to them and they came to us. Almost unknowingly, cultural interfaces between the East and the West grew or were explored. We jointly created cultures that would thrive through the ages. The Gandhara and other civilizations in Asia came into existence and created art and cultures that lasted for centuries despite occasional ravages by fanatical marauders. That inheritance was treasured even when the original actors had long since left the scene. In some parts of the world, the task of intermingling of civilizations was left mainly to the seasonal curiosity of the casual tourist. But there always were more important interactions, with the conquistadors, between traders and with scholars who had gone abroad and occasionally had stayed back.

I have begun by saying all this because I had been recently listening to the Greek minister for — I think — tourism, addressing an external affairs ministry seminar on the subject of the growing importance of tourism between countries. I happened to be chairing that session.

The minister from Greece did not seem to care much about the Gandhara sculpture and architecture, not to speak of Greece's own share in that famous joint venture. Imagine my discomfort when the minister told me he was most gratified to meet one in far-off India who thought so highly of ancient Greece's cultural links. He perhaps expected governments to stick to current realities and encourage academics to do the same.

It was the Ptolemaic dynasty, historians tell us, that had initiated Graeco-Roman maritime trade contact with India, using the Red Sea ports. The historian, Strabo, interestingly, once noted a vast increase in trade following the Roman annexation of Egypt. His account indicates that the hazards of the Indian monsoon were well known in Athens, Rome and Alexandria. These place-names are still familiar to the modern world. Unfortunately, those of the three or four Indian ports also mentioned by the old Roman and Greek historians are not discernible, at least to me. I very much wonder if even our historians would be able to identify these places with certainty because even the port sites might not have remained. But this does not mean trade between India and the hub of the European civilization was not as important and as flourishing then as it is today.

The sea-trade routes of old had to be cleverly devised to make them cost-effective and also protected from both the pirates of the sea and the havocs of nature in the season the monsoon winds and rains came. Similarly, the famous trade routes by land — the spice route and the silk route — had to be as carefully maintained and properly guarded against marauders on roads spreading from what is modern Afghanistan through Central Asia. The sea and land trade routes were used then, as in modern times, for transporting physical capital and merchandise. But they must have been carrying human capital too. Indian enclaves were present in Alexandria. Christian and Jewish settlers from Rome lived in India in settlements during and even after the fall of the Roman Empire.

I had once seen an Egyptian mummy lying in its coffin. Parts of the body seemed covered in a delicate fabric that I was told came from India. That mummy probably was a few thousand years old. The covering fabric looked suspiciously like fine cotton that could well have come all the way from East India where the famous muslin would one day become world-renowned. I would not be surprised if some Indian merchants or even technicians were around when the mummy's dressing was being put on. The use of Indian products might well have needed accompanying experts. Perhaps some of the Indian settlers living in Alexandria and elsewhere in the Old World were only welcome high-quality manpower. They would have been among the original non-resident Indians who had endowed themselves with India-made human capital but were stationed abroad for servicing their country's wares when needed.

The path into the future for researchers has many steps to tread. Migration of people from India, particularly over the last two centuries, led them to many parts of the world, which now constitute a sizable minority community in many countries. The presence of Indian migrants in more than a hundred countries and their contributions in social, cultural, economic and political spheres have made them important not only in their adopted countries but for India as well. It is only towards the closing two decades of the 20th century that migration has started catching greater attention from policymakers, the academia and civil society. There are a small number of academics involved in pursuing research at different universities and institutions in the country and a few civil society organizations voicing their concern about international migration. Nonetheless, these are still scattered and need further consolidation.

The Khadria group report has been produced by a team of experts. It is based on research taking stock of the trajectories of Indian migration we have seen in the recent past and speculating on what seems to lie ahead. The report covers several issues relating to international migration, primarily from but also to India. It covers concerns that have been on our minds for years, for example, remittances, gender, migration of health professionals and so on. At the same time, there are issues which are of more recent vintage, like terrorism, security and climate change. The report also discusses various policy perspectives across countries.

The final chapter of the report is on the outlook for migration. Research here is difficult because information on many important aspects of migration is not easily available. It is also difficult because one has to link up data collected on apparently unrelated aspects, such as stocks and flows of people moving from India to other countries and into India, remittances and their utilization, temporary and permanent migration, issues related to integration, gender, illegal migration, terrorism, security, climate change and so on. This list can be extended ad infinitum and one can be sure there will be other issues that will make the question of human migration even trickier. It was good to find that the researchers — if not governments — were fully aware of that, being unencumbered with the compulsions of current policy.

http://www.telegraphindia.com/1100315/jsp/opinion/story_12217346.jsp

  
Cover
March 13, 2010

[EDITORIALS]

A Belated but Welcome Beginning

A milestone in gender power-sharing has been passed, but the "quota-in-quota" has to be addressed.  [Abstract]  [Full Article]


Descent of Parliament

Two events in both houses of Parliament point to the continuing decline in the quality of deliberative processes.  [Abstract]  [Full Article]


[SPECIAL ARTICLES]

Dalits in Business: Self-Employed Scheduled Castes in North-West India

 Surinder S Jodhka

Academic writings have invariably tended to look at caste as a traditional system of social hierarchy and culture, which is expected to weaken and eventually disappear with the process of economic development and urbanisation/modernisation  [Abstract]  [Full Article]


[H T PAREKH FINANCE COLUMN]

Who 'Owns' the Foreign Exchange Reserves?

 Suman Bery

The old idea about the "use" of foreign exchange reserves is now being expressed in a new form. It is suggested that a part of the reserves could be drawn on to set up a sovereign wealth fund to acquire raw material assets abroad  [Abstract]  [Full Article]


[PERSPECTIVES]

Mediating between Violence and Non-violence in the Discourse of Protest

 Sumanta Banerjee

As long as the present generation of the powerful, whether the rulers in Washington or in New Delhi, persists with the practice of depending on its armed infrastructure to lord over the political space and establish hegemony over civil society, and f  [Abstract]  [Full Article]


[COMMENTARY]

More Tax Concessions for More Inequality

 S L Shetty

The concessions in personal income tax that have been provided in the union budget for 2010-11 will only contribute to a further worsening of inequality. India already has one of the lowest marginal tax rates among the large economies.  [Abstract]  [Full Article]


[SPECIAL ARTICLES]

1948: The Crucial Year in the History of Jammu and Kashmir

 Rakesh Ankit

The involvement of the British in Kashmir even after India's and Pakistan's independence, British realpolitik, crystallisation of Cold War politics and an "idealist" infant United Nations – all had major roles to play in the imbroglio between India a  [Abstract]  [Full Article]


[K N RAJ: IN MEMORIAM]

K N Raj and the Delhi School

 J Krishnamurty

K N Raj (1924-2010) was one of the most eminent Indian economists of the post-Independence generation. He was an outstanding teacher, builder of institutions and public intellectual par excellence  [Abstract]  [Full Article]


[OF LIFE LETTERS AND POLITICS]

The Decaying Words?

 GPD

There was a time when India was a champion of independent foreign policy. That was the meaning of various formulations that were current in Nehru's days. Indira Gandhi knew how to handle the US and its allies  [Abstract]  [Full Article]


[BOOK REVIEWS]

Surveys and Perspectives in Development Economics

 Ashwini Deshpande

History of the Labouring Poor

 Suhit Sen

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Archives (1966-1998)New

Economic Weekly and EPW Issues from 1966 to 1998
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Celebrating the Economic Weekly-As we approach the end of a historic year, here's a collection of articles we published earlier in 2009 to commemorate the 60th anniversary to the founding of the Economic Weekly.
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Women's Reservation Bill will be adopted despite Lalu: Nitish

Economic Times - ‎15 minutes ago‎
15 Mar 2010, 1944 hrs IST, PTI PATNA: Bihar Chief Minister Nitish Kumar today claimed that the Women's Reservation Bill being supported by him and other like minded parties would be adopted by the Lok Sabha in its present form despite the opposition of ...

2 arrested terror suspects with D-company links: cops

IBNLive.com - ‎1 hour ago‎
TERROR LINKS: Sources say that Riyaz Ali and Abdul Latif's connections with the Dawood Ibrahim gang. ibnlive.com is on mobile now.
Video: Terror plot foiled in Mumbai, men with Pak links held NDTV.com

Modi begins fight against summons in riots case

NDTV.com - ‎2 hours ago‎
PTI, Monday March 15, 2010, New Delhi Late last week, the Gujarat riots came back to haunt Chief Minister Narendra Modi when a Supreme-Court-appointed panel summoned him for questioning on a complaint that accuses 63 people, including him, ...
Video: Gujarat SIT under the scanner NDTV.com

N-Liability Bill: Cong notice to 35 absentee MPs

NDTV.com - ‎54 minutes ago‎
Congress has decided to issue show-cause notice to 35 MPs, including some ministers, for not being present at the time of scheduled introduction of nuclear bill in the Lok Sabha on Monday.

Policemen accused of doubling up as dacoits

NDTV.com - ‎5 hours ago‎
It was a special task force set up by Haryana to fight terrorism, Naxalism and other serious crimes. Now, seven of its members stand accused of alleged involvement in an extortion racket.

Elephants in Dalit memorials not same as BSP symbol: Mayawati

The Hindu - ‎1 hour ago‎
The Hindu Uttar Pradesh Chief Minister Mayawati being garlanded with currency notes during a rally organised on the occasion of BSP's silver jubliee and Kanshi Ram's birth anniversary in Lucknow on Monday.
Video: Bareilly peaceful before BSP's Lucknow rally NDTV.com

IPCC likely to backtrack on claim that global warming will destroy rainforests

Times of India - ‎3 hours ago‎
LONDON: The UN's Intergovernmental Panel on Climate Change (IPCC), which is the world's leading climate change group, is expected to backtrack over its claims about how rainforests would be devastated by rising temperatures, as one of its own ...
Pachauri not to quit IPCC Press Trust of India

Krishna hints at next secretary-level talks in Islamabad

Sify - ‎2 hours ago‎
External Affairs Minister SM Krishna Monday hinted that the next foreign secretary-level talks between India and Pakistan will be held in Islamabad and called for a 'step-by-step' engagement with the neighbouring country.
Video: India asks Pakistan to ACT AGAINST TERROR emanating from its soil Asian News International (ANI)

Lok Sabha adjourned over Bareilly violence

Times of India - ‎5 hours ago‎
NEW DELHI: Parties across the political spectrum, including the Congress, the Samajwadi Party (SP) and the Bharatiya Janata Party (BJP), on Monday joined hands against the communal violence in Uttar Pradesh's Bareilly district, leading to the Lok Sabha ...
Video: Maneka Gandhi stopped from entering Bareilly NDTV.com

India to tighten security at its missions: Krishna

Hindustan Times - ‎5 hours ago‎
PTI External Affairs Minister SM Krishna on Monday said India was awaiting a report before providing additional security to Indians in Afghanistan and was tightening security at all its overseas missions in the wake of terror threats to this country's ...

BJP gives Rajya Sabha ticket to Shimla woman

The Hindu - Kanwar Yogendra - ‎28 minutes ago‎
In the charged mood of Women's reservation all around the Bhartiya Janata Party in Himachal on Monday decided to give the Rajya Sabha ticket to one of its women leaders Ms Bimla Kashyap.

Advanced Air Defence interceptor missile test fails

Sify - ‎6 hours ago‎
The Advanced Air Defence (AAD) interceptor missile failed to take off during a planned launch from the Integrated Test Range at Wheeler Island off Orissa coast due to some coordination problem on Monday.
Air exercise on Sunday Times of India

28 die as bus falls into river in Rajasthan

Sify - ‎1 hour ago‎
In one of Rajasthan's worst road accidents, 28 people were killed Monday when a bus packed with students and staff of a college plunged into a river in Sawai Madhopur district, police said.

Eight hurt in India-Bangladesh border gunfight

The Hindu - ‎5 hours ago‎
AP Bangladesh authorities say eight Bangladeshi villagers have been wounded during a skirmish between the border guards from Bangladesh and India.

Manipuri militant outfit's chief held in West Bengal

Sify - ‎4 hours ago‎
Three militants, including the chief of the outlawed Manipuri insurgent outfit Kanglei Yawol Kanna Lup (KYKL), have been arrested from West Bengal's Darjeeling district, police said Monday.

'Somvati Amavasya' begins in Haridwar on no moon day

Sify - ‎4 hours ago‎
Thousands of devotees and holy men converged in Haridwar on Monday to take a holy dip in the river Ganges on the occasion of "Somvati Amavasya', a no moon day as per the traditional Hindu calendar.

Mulayam fears an all-women Parliament

Times of India - ‎9 hours ago‎
LUCKNOW: Samajwadi Party chief Mulayam Singh Yadav on Sunday said the Women's Reservation Bill was an "international conspiracy" to weaken Indian democracy and said it would ultimately lead to an all-women parliament that would be "alarming" for the ...
Video: DO or DIE PROTEST against Women's Bill: Mulayam Asian News International (ANI)

Yeddy Confident of Victory in BBMP Polls, New Mayor will be BJP Man

Daijiworld.com - ‎3 hours ago‎
Bangalore, Mar 15: At the close of the deadline for filing nomination papers for the forthcoming elections to the Bruhat Bangalore Mahanagara Palike (BBMP) on March 28, Karnataka chief minister BS Yeddyurappa exhuded confidence of a resounding victory ...

Mamata: unite against political violence

The Hindu - ‎19 hours ago‎
Trinamool Congress chief Mamata Banerjee on Sunday appealed to the people to unite against the ongoing 'political violence' in West Bengal as they had in Nandigram and Singur.

SC rejects Satyam founder's bail plea

CIOL - ‎22 minutes ago‎
NEW DELHI, INDIA: In a major setback to Satyam Computers founder Ramalinga Raju, who is in jail in connection with the multi-crore financial scandal, the Supreme Court today dismissed his bail application.

Business

Inflation rises to 9.89% in February

Economic Times - ‎53 minutes ago‎
NEW DELHI: Driven by increasing food prices, India's annual rate of inflation, based on the wholesale price index, rose to 9.89 percent in February from 8.56 percent in the previous month, official data revealed Monday.

Nifty ends flat due to lack of triggers

Economic Times - Mohammed Sabir - ‎53 minutes ago‎
MUMBAI: Equities ended a lacklustre session flat on Monday, due to lack of support from global peers. PSU and bank stocks ended in the red while IT and FMCG resisted the fall.

Indian bill to allow foreign universities to operate

BBC News - ‎2 hours ago‎
India's government has approved a plan to allow foreign universities to set up campuses and offer degrees in India. The proposal, which needs to be ratified by parliament, is expected to benefit thousands of Indian students who head abroad to study.

Indian cos fared well on advance tax in FY10

Livemint - ‎2 hours ago‎
PTI and Reuters Mumbai: If the trends in advance tax payment by Indian companies are any indication, then Indian firms seem to have fared well this fiscal, despite the overhang of the global recession.

HCC acquires 66% stake in Karl Steiner for 35m swiss francs

Moneycontrol.com - ‎4 hours ago‎
Hindustan Construction Company Ltd (HCC) board has approved acquisition of a controlling stake in Karl Steiner AG, the second largest operator in the Swiss Real Estate market.

Godrej Consumer buys Nigeria's Tura

NDTV.com - Sagar Malviya - ‎11 minutes ago‎
NDTV Profit broke this news in August last year and now it is official. Godrej Group has finally acquired Nigerian based personal care company Tura International - a company which were also in talks with Wipro and Dabur for a sell out.

India wheat rises on export hopes; outlook weak

Reuters India - ‎48 minutes ago‎
MUMBAI, March 15 (Reuters) - India wheat futures rose on Monday on hopes the country may allow exports of the commodity, analysts said.

Gold futures seen extending losses

Economic Times - ‎53 minutes ago‎
MUMBAI: Gold futures may extend losses this week weighed by expectations of a strong dollar, with investors awaiting the Federal Reserve policy meeting decision and its views on the economy, analysts said.

IL&FS Transportation IPO covered 33 times on last day

Reuters India - Aniruddha Basu, Harish Nambiar - ‎38 minutes ago‎
MUMBAI, March 15 (Reuters) - IL&FS Transportation Networks Ltd's $154 million initial public offer was covered 33.09 times on the final day of the issue, data from the National Stock Exchange showed on Monday.

5100 call seeing a bit of unwinding

Moneycontrol.com - ‎37 minutes ago‎
The thing that stood out in today's trade was the PCR but for the Nifty we saw the premium coming down significantly, that's on adjustment, the last traded premium was close to 2 points or so just about Rs 7800 crore of turnover for Nifty futures.
Bet on rising volatility Business Standard

India corp bond yields steady, borrowing eyed

Reuters India - Anurag Joshi, Harish Nambiar - ‎55 minutes ago‎
MUMBAI, March 15 (Reuters) - Indian corporate bond yields ended steady on Monday, in line with government bonds, with traders waiting for cues from the government's borrowing schedule for 2010/11.
Are bond markets sceptical of FM's borrowing plans? Moneylife Personal Finance Magazine

Ranbaxy to launch anti-diabetic drug Actos by 2012

Economic Times - ‎4 hours ago‎
MUMBAI: Pharma major Ranbaxy Laboratories Friday said it will launch anti-diabetic drug Actos in the US by 2012. Ranbaxy, majority owned by Japan's Daiichi Sankyo, said it has settled litigation with the country's Takeda Pharmaceutical over a generic ...

Jet Air passenger Feb traffic up for 5th month

Reuters India - Aniruddha Basu, Harish Nambiar - ‎1 hour ago‎
MUMBAI (Reuters) - Private carrier Jet Airways said on Monday it posted a nearly 31 percent growth in international passenger traffic for February, while domestic passenger traffic grew 22 percent from a year ago.

Persistent Sys IPO price band at Rs 290-310/ share

NDTV.com - ‎2 hours ago‎
PTI, March 15, 2010 (Mumbai) Persistent Systems Ltd, a market leader in outsourced software product development services has fixed price band between Rs 290 and Rs 310 per equity share for its Initial Public Offering (IPO).

Jayshree Chemicals plans power projects

Sify - ‎2 hours ago‎
SK Bangur Group company Jayshree Chemicals Limited is planning to set up three hydro power projects for Rs.220 crore in Gajapati district of Orissa, a top company official said here Monday.

Should you invest in Pradip Overseas IPO?

Sify - Sarath Chelluri - ‎10 hours ago‎
Textile exporter - Pradip Overseas has reasons to cheer as it derives around half of its revenues from exports. The company' main forte is the manufacture of home linen products.

Tata Motors global sales grow by 59 pc

The Hindu - ‎5 hours ago‎
PTI Homegrown auto major Tata Motors on Monday said its global sales increased by 59 per cent in February to 89768 units on robust demand for both commercial and passenger vehicles.

L&T bags Rs 2000 cr project from ONGC M'lore

Business Standard - ‎5 hours ago‎
PTI / Mumbai March 15, 2010, 14:13 IST Engineering major Larsen & Toubro (L&T) today said it has bagged a project worth Rs 2035 crore from ONGC Mangalore Petrochemicals Ltd to set up an aromatics complex at Mangalore special economic zone.

Reliance, IMG in JV for sports, entertainment

Economic Times - ‎16 hours ago‎
MUMBAI: Reliance Industries on Sunday announced a sports and entertainment joint venture with IMG Worldwide, a global leader in sports marketing and management, as India Inc's appetite for sports keeps growing by the day.

RCom crosses 100 mn subscriber base

Business Standard - ‎4 hours ago‎
PTI / New Delhi March 15, 2010, 16:00 IST Anil Ambani-led Reliance Communications (RCom) today said it aims to add 100 million users over the next three years after crossing the 100 million subscriber base milestone.

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Mamata Banerjee trusts Pranab Mukherjee to set her house in order

Daily News & Analysis - ‎18 hours ago‎
New Delhi: Keeping ally Mamata Banerjee happy is not easy, the Congress is finding out the hard way. The job not only involves putting up with the railway ...

Tata Nano chases Mamata Banerjee

NDTV.com - ‎Mar 14, 2010‎
The Tata Nano seems to be chasing Trinamool Congress chief Mamata Banerjee. It was just another routine inauguration for the Railway Minister, ...

Juhi Chawla meets Mamata Banerjee

Press Trust of India - ‎3 hours ago‎
Kolkata, Mar 15 (PTI) Kolkata Knight Riders co-owner and actress Juhi Chawla today met Railway Minister Mamata Banerjee at her residence and invited her to ...
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Mamata Banerjee rules out railways' privatisation

Sify - ‎Mar 11, 2010‎
Railway Minister Mamata Banerjee Thursday once again ruled out any move to privatise the country's railroad network but said the corporate sector will be ...

Don't ruin a friendship

Sify - ‎19 hours ago‎
While Railway Minister Mamata Banerjee was talking about her achievements in her reply on the Railway Budget in the Rajya Sabha, BJP leader Rajiv Pratap ...

Mamata Banerjee trains for Bengal elections

Times of India - Shankar Raghuraman - ‎Feb 24, 2010‎
Railway minister Mamata Banerjee on Wednesday made the right noises on the Vision 2020 she had unveiled in December, but focused at least as much on Vision ...
Video: Mamata's Rail Budget: No hike in fares NDTV.com

Mamata Banerjee downplays anger over Women's Bill

NDTV.com - ‎Mar 9, 2010‎
After seething publicly over the vote on the Women's Bill, Mamata Banerjee has clarified that she supports the Bill, but was angry that her party was not ...
Video: Rajya Sabha finally passes Women's reservation bill Instablogs TV

Govt has the right to decide timing of legislation:Congress

Daily News & Analysis - ‎1 hour ago‎
A party source, however, maintained that the last-minute opposition of Trinamul Congress chief Mamata Banerjee to the bill was one of the main reasons for ...
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Mamata Banerjee requests PM, Sonia Gandhi to roll back petrol price

Daily News & Analysis - ‎Feb 27, 2010‎
PTI Kolkata: UPA ally and Trinamool Congress chief Mamata Banerjee today appealed to prime minister Manmohan Singh and Congress president Sonia Gandhi to ...
Video: DMK: No question of ruling out of UPA NDTV.com

Mamata Banerjee not soft on Maoists: Chidambaram

Economic Times - ‎Feb 19, 2010‎
NEW DELHI: Union home minister P Chidambaram on Friday insisted that his Cabinet colleague Mamata Banerjee was not soft on Maoists, as is being alleged in ...

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A Hobson's choice

Hindustan Times - Sumit Mitra - ‎20 hours ago‎
There is not much point in criticising Mamata's tunnel vision — that of seeing nothing except the CPI(M) in West Bengal in her crosshairs — because that ...
Trinamool's Red face Indian Express
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Maoists have killed more than 200 innocent tribals

Economic Times - ‎16 hours ago‎
I will mobilise them in West Bengal, Bihar, Jharkhand and Orissa and form an organisation to fight their cause. I have been with Kishenji for long and I ...

Maoists should follow process of dialogue, says CPI-M

Hindustan Times - ‎Mar 7, 2010‎
They must follow the procedure which the union Home Ministry has offered to them," CPI-M's West Bengal secretary Biman Bose told reporters in Kolkata. ...
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BJP, CPI-M trash Railway Budget

NDTV.com - ‎Mar 11, 2010‎
Kaptan Singh Solanki (BJP) said the budget is "fully political" and has been made keeping in mind the upcoming elections in West Bengal. ...

CPI(M) for coordinated action against Maoists

The Hindu - ‎Feb 18, 2010‎
NEW DELHI: The Communist Party of India (Marxist) on Thursday suggested that joint operations by the Centre and the West Bengal government against Maoists ...

In Bengal, Maoists train guns on street dogs

Daily News & Analysis - Sumanta Ray Chadhuri - ‎Mar 10, 2010‎
Kolkata: Dogs seem to have become a bigger threat to Maoists than police informers or CPI(M) activists in West Bengal. The rebels have put up posters in ...

Suspected Maoists gun down 2 CPI(M) leaders

The Hindu - Raktima Bose - ‎Feb 22, 2010‎
Suspected Maoists gunned down two local leaders of the Communist Party of India (Marxist) in the Bandwan region of West Bengal's Purulia district late on ...
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Maoists attack West Bengal CPI-M worker, kill cop

IBNLive.com - ‎Feb 24, 2010‎
Kolkata: The Inspector of Sarenga Police Station in West Bengal's Bankura district has been killed in a gunfight with the Maoists. ...

Karat 'confession' irks West Bengal CPI(M)

Business Standard - Rajat Roy - ‎Mar 10, 2010‎
He says, "Prakash Karat, the CPI(M) general secretary, recently told me that in West Bengal, they felt beleaguered and besieged. They look forward to doing ...

19 injured in CPI(M)-Trinamool clash

The Hindu - ‎Mar 6, 2010‎
KOLAGHAT (WEST BENGAL): Nineteen supporters of the Communist Party of India (Marxist) and the Trinamool Congress were injured on Saturday and an office of ...
Raise the barricades! Daily Pioneer
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1 comment:

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