1)Obama endorses India's bid for permanent seat in UNSC : Read in Detail
2)Text of President Barack Obama's address to India's parliament: Read in Detail
3)End terrorist safe havens, Obama tells Pakistan : Read in Detail
4)Michelle Obama wins India with her understated style : Read in Detail
5)Obama wishes to take some Indian horses and camels back home: Read in Detail
6)Happy to play any role in reducing Kashmir tension: Obama : Read in Detail
7)US to lift curbs on technology exports: Read in Detail
8)Funny takes on Obamas' India visit: Read in Detail
9)India, US to set up global disease detection centre: Read in detail
10)Michelle gets a taste of India at Crafts Museum: Read in Detail
11)PM's Awadhi dinner for Obama, Michelle: Read in Detail
12)Not afraid of K word, but won't talk to Pak till terror ends: PM: Read in Detail
13)Help us in dismantling terror camps: Pak to India: Read in Detail
14)'US sent Headley to Pak despite knowing his radical links': Read in Detail
15)10,000 cross Thai border to flee Myanmar clashes: Read in Detail
16)SC to examine file on new CVC's appointment: Read in Detail
17)I can't be sued for disqualification of MLAs: Yeddyurappa: Read in Detail
Business News
18)IOC to hike petrol prices by 33 paise: Read in Detail
19|Got a soliciting call from IRDA? Beware!: Read in Detail
20)Power Grid Corp FPO to raise Rs 7,600 cr: Read in Detail
21)Tata gets SC to slap notice on RPower : Read in Detail
22)GVK Power to divest 21% in GVK Energy : Read in Detail
23)Indian innovation in farm sector impresses Obama : Read in Detail
24)Rupee declines by 11 paise against dollar in early trade : Read in Detail
25)Sensex halts 3-day rally; ends below 21K level :Read in Detail
26)Gold, silver surge to all-time highs on strong global cues: Read in Detail
Sports News
27)Harbhajan defeats NZ's hopes for a win: Read in Detail
28)Pak cricketer goes missing in Dubai : read in detail
29)More than maiden ton, am happy to save match: Harbhajan : Read in Detail
30)We don't need to justify our No 1 spot in Tests: Kirsten : Read in Detail
31)Bhupathi-Mirnyi pair ends runners-up at Valencia Open : Read in Detail
32)PCB sends legal notice to Mickey Arthur: Read in Detail
Picture of the Day
Latest news covering nick and corner of India,this blog provides breaking news of india, latest news of india as well as covering different sections like business and sport news.
Showing posts with label indian cricket news. Show all posts
Showing posts with label indian cricket news. Show all posts
Monday, November 8, 2010
Sunday, February 28, 2010
Indian Latest News
I said Saudi Arabia an 'interlocutor' not 'mediator': Tharoor
RIYADH: Following controversy over his remarks that Saudi Arabia can be a "valuable interlocutor" between India and Pakistan, MoS for external affairs Shashi Tharoor quickly clarified he did not mean Riyadh should be a mediator.
PMO sources told Times Now that Tharoor’s remarks have “embarrassed” the government.
In comments that raised eyebrows in Indian political circles, Tharoor had said, "We feel that Saudi Arabia of course has a long and close relationship with Pakistan but that makes Saudi Arabia even a more valuable interlocutor for us." Tharoor is currently accompanying Prime Minister Manmohan Singh on a three-day visit to the oil-rich kingdom.
"When we tell them about our experience, Saudi Arabia listens as somebody who is not in anyway an enemy of Pakistan but rather is a friend of Pakistan and therefore I am sure will listen with sympathy and concern to a matter of this nature," he said when asked by reporters what kind of cooperation did he expect from Riyadh considering its close relations with Islamabad.
Just hours after making the remarks, the minister - who earlier also hit headlines for his controversial statements on social networking site Twitter on the government's austerity measures and immigration policy -- retracted them.
"No chance of my saying Saudi Arabia should be a mediator. Never said that or anything like it," Tharoor said.
Tharoor also issued a 'clarification' on Twitter. "If I speak to u, u are my interlocutor! I mentioned the Saudis as OUR interlocutors, ie the people we are here to speak to. Some misinterpretn," he said.
“Good day of mtgs, marred in some Indian media by misunderstanding of word "interlocutor". An interlocutor is someone u spk to, nothing more," he added.
Tharoor's remarks were condemned by BJP as "utterly irresponsible". The BJP will seek a clarification from Prime Minister in Parliament, party spokesman Ravishankar Prasad said in New Delhi. CPI also said the remarks were irresponsible.
No third party role in India-Pakistan ties: Congress, BJP
NEW DELHI/RIYADH: The Congress and the Bharatiya Janata Party (BJP) on Sunday made it clear that there was no scope for a third party in India-Pakistan relations.
Commenting on minister of state for external affairs Shashi Tharoor's remarks on Saudi Arabia's potential as an interlocutor in India's ties with Pakistan, a source close to Congress president Sonia Gandhi said, "India's position on no to third party mediation in India-Pakistan issues is unchanged. There is no change in the Congress position."
BJP leader Mukhtar Abbas Naqvi termed Tharoor's remarks "unusual" and reiterated India's known stand that no third party can intervene in issues between India and Pakistan.
Tharoor, who is with Prime Minister Manmohan Singh in Riyadh, said, "We feel Saudi Arabia has a long and close relationship with Pakistan and that makes Saudi Arabia a more valuable interlocutor to us."
He was asked if India would seek Saudi support to influence Pakistan to address Indian concerns over terrorism emanating from Pakistani territory.
As a mini storm erupted over Tharoor's remarks, he clarified that India's desire to seek Riyadh's support on terrorism related issues with Islamabad did not mean giving it the role of a mediator in India-Pakistan disputes.
He said he had never used the word mediation or mediator while talking about a possible Saudi role.
"No chance of my saying Saudi Arabia should be a mediator... Never said that or anything like it," Tharoor said a couple of hours after the media publicised his earlier remarks.
India is firmly opposed to any third party role in its relations with Pakistan.
Pak will have to fight war if India doesn't talk: JuD chief
ISLAMABAD: Notwithstanding the recent Indo-Pak foreign secretary-level meeting for which India took initiative, JuD chief Hafiz Mohd Saeed has said Pakistan will have to "fight a war at all costs" if New Delhi is not prepared to hold talks.
"India wants war... If India is not prepared to hold talks, Pakistan will have to fight a war at all costs," Saeed said in an interview to a news channel.
Asked about India's accusations about his involvement in planning and carrying out the Mumbai attacks, Saeed replied: "Let India prove it in any court, I will be ready to accept everything."
To another question on whether people should go to Kashmir for 'jehad' against India, he said there was "no doubt" in his mind that this should be done.
He also said he had no doubt that the Pakistan government is "cowardly."
Saeed's comments came days after the foreign secretaries of India and Pakistan held talks in New Delhi on February 25, the first official parleys between the two sides since the Mumbai attacks.
Though there was no breakthrough in the talks, the world community welcomed the development in the hope that it would lead to normalisation of ties between the two countries.
The JuD chief's face was not shown during the interview and he was filmed over his shoulder from the back. He said he did not wish to be filmed as it was not allowed by 'Shariah' or Islamic law.
Saeed, also the founder of the banned Lashkar-e-Taiba, was placed under house arrest in Lahore in December 2008 after the JuD was declared a terrorist group by the UN Security Council in the wake of the Mumbai terror attacks.
He was freed after about six months on the orders of the Lahore High Court.
The Pakistan government challenged his release in the Supreme Court, but no hearing has been held in the matter for several months after the case was adjourned for various reasons.
Several members of the LeT - including its operations commander Zakiur Rehman Lakhvi, a former aide of Saeed - are currently being tried by an anti-terrorism court in Rawalpindi for their alleged role in planning and facilitating the Mumbai attacks.
This case too has been affected by controversy and delays.
3 Idiots best film; Big B, Vidya best actors at Filmfare
Megastar Amitabh Bachchan and Vidya Balan bagged the Best Actor and Actress award for their performances in 'Paa' while '3 Idiots' scooped six trophies including best film at the 55th Filmfare awards.
The year 2009's biggest blockbuster '3Idiots' won best director award for Rajkumar Hirani, who also picked up the best story trophy with Abhijat Joshi at the ceremony held here on Saturday. Hirani also won best Screenplay Award with Vidhu Vinod Chopra for the Aamir Khan starrer. The duo also bagged the Best Dialogue Award for the film.
Bachchan and his family skipped awards function to protest against a news report about Aishwarya Rai's health in a tabloid owned by the same publication as Filmfare last week. The Bachchans have sent a legal notice to the paper asking for retraction and apology. In Big B's absence, Vidya collected Bachchan's best actor award.
Veteran actor Shashi Kapoor and noted music composer Khayyam were honoured with the Lifetime Achievement Award. Boman Irani and Kalki Koechlin won the Best Supporting Actor and Actress for '3 Idiots' and 'Dev D' respectively.
Among the popular category, Oscar-winning music composer, A R Rahman, won the best music award for 'Delhi-6', making it the 25th black lady on his award-shelf. 'Aaj Din Chaddya...' from 'Love Aaj Kal' fetched Irshad Kamil the Best Lyrics award.
In the Critics' Awards category, Nandita Das won the best director trophy for 'Firaaq' while Ranbir Kapoor and Mahie Gill bagged the best actor and actress award for their performances in 'Wake Up Sid' and 'Dev D' respectively.
Centre rushes 1,200 paramilitary personnel to Punjab, Haryana
New Delhi: The Centre on Sunday rushed about 1,200 paramilitary personnel to Punjab and Haryana, hit by violence following filing of a fresh murder case against Dera Sacha Sauda chief Gurmeet Ram Rahim Singh.
“We have sent central paramilitary forces, 12 companies to Punjab and Haryana to take care of the situation. Strict instructions have been given to the state governments to take severe action against those breaking law and order”, Union Home Secretary G K Pillai told reporters here. He said the Home Minister P Chidambaram is aware of the development. “We have also kept Prime Minister Manmohan Singh informed," Pillai said.
Resenting the filing of a murder case against the Dera Sacha Sauda head by the CBI, sect supporters last evening went on a rampage setting ablaze four trains and around 37 vehicles, including 27 buses, and vandalising property in several places in the two states.
Business News
ICICI emerges biggest recruiter at IIM-A
Ahmedabad: ICICI Bank emerged as the biggest recruiter during the third cluster of cohort based final placements at the Indian Institute of Management, Ahmedabad (IIM-A) here, by offering over 10 jobs to the students.
The interviews for the third cluster continued throughout the day yesterday. The companies from various sectors like banking services, financial advisory services and credit rating agencies took part in the placements, a member of the IIM-A placement committee said.
"ICICI Bank was the largest recruiter on campus giving a double-digit number of offers, while, regular recruiters such as ICRA, KPMG, Essar Group and Philips offered jobs to the IIM-A students in finance, consulting, sales and marketing fields," he said.
"The new process once again ensured a smooth experience for both students and recruiters. Seamlessness prevailed despite a large number of recruiters visiting the campus this weekend," the Media Coordinator for the Placement Committee, Mansi Chitalia said.
Ads by Google ICICIdirect Presents Investment Account Your Password to Prosperitywww.icici-direct.inPost your Resume Here Be a part of India's Largest Salary Survey & Benchmark your salary!Shine.com/Hyderabad_Banking Job Vacancies Exp 0- 5 Yrs, Salary +3-5 Lacs. Get Register & Get Best Jobs with ShineHTCareers.in/Banking
Final placements at IIM-A this year is based on cohort based system. As per this process companies offering similar roles, profiles, salaries and locations are grouped into individual cohorts who converge at campus on weekends and discuss roles on offer with students before recruiting them.
India, Saudi Arabia set to sign 10 pacts on cooperation
Riyadh: India and Saudi Arabia on Sunday finalised 10 pacts, including an Extradition Treaty and agreements in the economic sphere for signing during Prime Minister Manmohan Singh's ongoing visit to this oil-rich country.
Singh, the first Indian Prime Minister to visit Saudi Arabia in 28 years, will meet King Abdullah bin Abdulaziz Al Saud later in the evening and hold wide-ranging talks on issues ranging from cooperation in various areas, situation in Afghanistan and the threat of terrorism.
Singh has expressed keenness to impart ‘strategic character’ to India-Saudi Arabia ties and the agreements are expected to give a major fillip to the relations. The Prime Minister's long overdue visit to the Kingdom comes four years after King Abdullah visited India.
During the three-day visit, the two sides will sign 10 pacts including Extradition Treaty, Agreement on Transfer of Sentenced Prisoners and Agreement on setting up Joint Investment Fund. Singh and King Abdullah will also hold talks on opening ‘new frontiers’ of cooperation in various areas including security and defence.
India's concerns over 'safe havens' of al-Qaeda and Taliban along the Afghanistan-Pakistan border will be also discussed during the talks between Singh and King Abdullah.
6.38 lakh jobs created in Oct-Dec Q
New Delhi: In a clear indication of the revival of the economy, the Government has revealed that 6.38 lakh jobs were created in the October-December quarter last year.
During this period, employment increased in almost all sectors except the transport sector which saw a marginal decline, according to the Labour Bureau under the Labour and Employment Ministry. It said 91 per cent of the jobs created were in export units, which bore the brunt of the economic crisis, thus signalling an imminent turnaround.
“Out of the total increase of 6.38 lakh jobs during the period, 5.80 lakh jobs were added in the export units. The IT/BPO units alone added 4.87 lakh jobs within the export units”, a senior official in the Ministry said. The bureau arrived at the figures after conducting an employment survey covering 2,953 units of eight selected sectors across 11 states and union territories.
The survey was the fifth in the series, the first one being conducted in the October-December quarter in 2008 immediately after the onset of the global meltdown to assess the impact of recession on the job market. The previous survey conducted between July and September, 2009 showed a 4.97 lakh increase in job creation.
Sports News
India-Pak to clash in high voltage opener
New Delhi: Emotions will run high when India, after a tumultuous build-up, will take on arch-rivals Pakistan in a potential humdinger of the hockey World Cup, which gets underway amid watertight security here on Sunday.
India will have to leave behind the controversies that marred their run up to the high profile FIH tournament and put up a united front as stakes are high for the home team after the Olympic debacle. Their eight Olympic gold notwithstanding, India have not won a major international title since their 1975 World Cup triumph in Kuala Lumpur.
Indian hockey has gone down considerably since then, evident from their result in the last couple of years. After finishing a lowly 11th out of 12 teams in the last World Cup at Monchengladbach, Germany fours years ago, Indian hockey plunged to a new low in 2008 by missing out on an Olympic berth for the first time in 80 years.
After all these lows, this mega event brings with it an opportunity of a lifetime for Indian hockey to regain its lost glory in front of countrymen. But achieving it is no mean task for the Rajpal Singh-led side and the first two matches Pakistan and Australia carry a lot of significance since result of these encounters would decide their fate in the tournament.
The match also gives Rajpal and his men an opportunity to avenge their 3-6 defeat at the hands of Pakistan in the semifinal of the Champions Challenge I tournament in Salta, Argentina.
The much-anticipated game carries a lot of importance for both the teams not only in the context of sporting ties between the two countries but also on the diplomatic front. And expectedly emotions will run high in both the camps as for the first time after 26/11 Mumbai carnage, the two countries will be meeting each other on Indian soil.
City stun Chelsea as Bridge gets revenge on Terry
Wayne Bridge got his revenge on John Terry as Manchester City dented nine-man Chelsea's title challenge with a stunning 4-2 win at Stamford Bridge. While Chelsea stumbled, third placed Arsenal closed the gap to three points with a dramatic 3-1 win yesterday at 10-man Stoke which was marred by a serious injury to Wales midfielder Aaron Ramsey.
After snubbing Terry's offer of a handshake during the pre-match greeting between the teams, Bridge -- who this week quit England duty as a result of Terry's alleged affair with his ex-girlfriend Vanessa Perroncel played his part as City handed Chelsea their first home defeat in 38 games. Frank Lampard put the Premier League leaders ahead in the 42nd minute but Carlos Tevez equalised in first half stoppage-time following mistakes from Terry and goalkeeper Hilario.
Craig Bellamy struck for the visitors in the 51st minute with a shot from a tight angle that Hilario should have saved. Tevez scored his second from the penalty spot after Juliano Belletti was sent off for fouling Gareth Barry in the 76th minute, then Michael Ballack was dismissed in the closing stages.
Bellamy rubbed salt into Chelsea's wounds with the fourth in the 87th minute before Lampard's 90th-minute penalty reduced the deficit. Chelsea remain just one point ahead of Manchester United, while City go above Tottenham into fourth place.
RIYADH: Following controversy over his remarks that Saudi Arabia can be a "valuable interlocutor" between India and Pakistan, MoS for external affairs Shashi Tharoor quickly clarified he did not mean Riyadh should be a mediator.
PMO sources told Times Now that Tharoor’s remarks have “embarrassed” the government.
In comments that raised eyebrows in Indian political circles, Tharoor had said, "We feel that Saudi Arabia of course has a long and close relationship with Pakistan but that makes Saudi Arabia even a more valuable interlocutor for us." Tharoor is currently accompanying Prime Minister Manmohan Singh on a three-day visit to the oil-rich kingdom.
"When we tell them about our experience, Saudi Arabia listens as somebody who is not in anyway an enemy of Pakistan but rather is a friend of Pakistan and therefore I am sure will listen with sympathy and concern to a matter of this nature," he said when asked by reporters what kind of cooperation did he expect from Riyadh considering its close relations with Islamabad.
Just hours after making the remarks, the minister - who earlier also hit headlines for his controversial statements on social networking site Twitter on the government's austerity measures and immigration policy -- retracted them.
"No chance of my saying Saudi Arabia should be a mediator. Never said that or anything like it," Tharoor said.
Tharoor also issued a 'clarification' on Twitter. "If I speak to u, u are my interlocutor! I mentioned the Saudis as OUR interlocutors, ie the people we are here to speak to. Some misinterpretn," he said.
“Good day of mtgs, marred in some Indian media by misunderstanding of word "interlocutor". An interlocutor is someone u spk to, nothing more," he added.
Tharoor's remarks were condemned by BJP as "utterly irresponsible". The BJP will seek a clarification from Prime Minister in Parliament, party spokesman Ravishankar Prasad said in New Delhi. CPI also said the remarks were irresponsible.
No third party role in India-Pakistan ties: Congress, BJP
NEW DELHI/RIYADH: The Congress and the Bharatiya Janata Party (BJP) on Sunday made it clear that there was no scope for a third party in India-Pakistan relations.
Commenting on minister of state for external affairs Shashi Tharoor's remarks on Saudi Arabia's potential as an interlocutor in India's ties with Pakistan, a source close to Congress president Sonia Gandhi said, "India's position on no to third party mediation in India-Pakistan issues is unchanged. There is no change in the Congress position."
BJP leader Mukhtar Abbas Naqvi termed Tharoor's remarks "unusual" and reiterated India's known stand that no third party can intervene in issues between India and Pakistan.
Tharoor, who is with Prime Minister Manmohan Singh in Riyadh, said, "We feel Saudi Arabia has a long and close relationship with Pakistan and that makes Saudi Arabia a more valuable interlocutor to us."
He was asked if India would seek Saudi support to influence Pakistan to address Indian concerns over terrorism emanating from Pakistani territory.
As a mini storm erupted over Tharoor's remarks, he clarified that India's desire to seek Riyadh's support on terrorism related issues with Islamabad did not mean giving it the role of a mediator in India-Pakistan disputes.
He said he had never used the word mediation or mediator while talking about a possible Saudi role.
"No chance of my saying Saudi Arabia should be a mediator... Never said that or anything like it," Tharoor said a couple of hours after the media publicised his earlier remarks.
India is firmly opposed to any third party role in its relations with Pakistan.
Pak will have to fight war if India doesn't talk: JuD chief
ISLAMABAD: Notwithstanding the recent Indo-Pak foreign secretary-level meeting for which India took initiative, JuD chief Hafiz Mohd Saeed has said Pakistan will have to "fight a war at all costs" if New Delhi is not prepared to hold talks.
"India wants war... If India is not prepared to hold talks, Pakistan will have to fight a war at all costs," Saeed said in an interview to a news channel.
Asked about India's accusations about his involvement in planning and carrying out the Mumbai attacks, Saeed replied: "Let India prove it in any court, I will be ready to accept everything."
To another question on whether people should go to Kashmir for 'jehad' against India, he said there was "no doubt" in his mind that this should be done.
He also said he had no doubt that the Pakistan government is "cowardly."
Saeed's comments came days after the foreign secretaries of India and Pakistan held talks in New Delhi on February 25, the first official parleys between the two sides since the Mumbai attacks.
Though there was no breakthrough in the talks, the world community welcomed the development in the hope that it would lead to normalisation of ties between the two countries.
The JuD chief's face was not shown during the interview and he was filmed over his shoulder from the back. He said he did not wish to be filmed as it was not allowed by 'Shariah' or Islamic law.
Saeed, also the founder of the banned Lashkar-e-Taiba, was placed under house arrest in Lahore in December 2008 after the JuD was declared a terrorist group by the UN Security Council in the wake of the Mumbai terror attacks.
He was freed after about six months on the orders of the Lahore High Court.
The Pakistan government challenged his release in the Supreme Court, but no hearing has been held in the matter for several months after the case was adjourned for various reasons.
Several members of the LeT - including its operations commander Zakiur Rehman Lakhvi, a former aide of Saeed - are currently being tried by an anti-terrorism court in Rawalpindi for their alleged role in planning and facilitating the Mumbai attacks.
This case too has been affected by controversy and delays.
3 Idiots best film; Big B, Vidya best actors at Filmfare
Megastar Amitabh Bachchan and Vidya Balan bagged the Best Actor and Actress award for their performances in 'Paa' while '3 Idiots' scooped six trophies including best film at the 55th Filmfare awards.
The year 2009's biggest blockbuster '3Idiots' won best director award for Rajkumar Hirani, who also picked up the best story trophy with Abhijat Joshi at the ceremony held here on Saturday. Hirani also won best Screenplay Award with Vidhu Vinod Chopra for the Aamir Khan starrer. The duo also bagged the Best Dialogue Award for the film.
Bachchan and his family skipped awards function to protest against a news report about Aishwarya Rai's health in a tabloid owned by the same publication as Filmfare last week. The Bachchans have sent a legal notice to the paper asking for retraction and apology. In Big B's absence, Vidya collected Bachchan's best actor award.
Veteran actor Shashi Kapoor and noted music composer Khayyam were honoured with the Lifetime Achievement Award. Boman Irani and Kalki Koechlin won the Best Supporting Actor and Actress for '3 Idiots' and 'Dev D' respectively.
Among the popular category, Oscar-winning music composer, A R Rahman, won the best music award for 'Delhi-6', making it the 25th black lady on his award-shelf. 'Aaj Din Chaddya...' from 'Love Aaj Kal' fetched Irshad Kamil the Best Lyrics award.
In the Critics' Awards category, Nandita Das won the best director trophy for 'Firaaq' while Ranbir Kapoor and Mahie Gill bagged the best actor and actress award for their performances in 'Wake Up Sid' and 'Dev D' respectively.
Centre rushes 1,200 paramilitary personnel to Punjab, Haryana
New Delhi: The Centre on Sunday rushed about 1,200 paramilitary personnel to Punjab and Haryana, hit by violence following filing of a fresh murder case against Dera Sacha Sauda chief Gurmeet Ram Rahim Singh.
“We have sent central paramilitary forces, 12 companies to Punjab and Haryana to take care of the situation. Strict instructions have been given to the state governments to take severe action against those breaking law and order”, Union Home Secretary G K Pillai told reporters here. He said the Home Minister P Chidambaram is aware of the development. “We have also kept Prime Minister Manmohan Singh informed," Pillai said.
Resenting the filing of a murder case against the Dera Sacha Sauda head by the CBI, sect supporters last evening went on a rampage setting ablaze four trains and around 37 vehicles, including 27 buses, and vandalising property in several places in the two states.
Business News
ICICI emerges biggest recruiter at IIM-A
Ahmedabad: ICICI Bank emerged as the biggest recruiter during the third cluster of cohort based final placements at the Indian Institute of Management, Ahmedabad (IIM-A) here, by offering over 10 jobs to the students.
The interviews for the third cluster continued throughout the day yesterday. The companies from various sectors like banking services, financial advisory services and credit rating agencies took part in the placements, a member of the IIM-A placement committee said.
"ICICI Bank was the largest recruiter on campus giving a double-digit number of offers, while, regular recruiters such as ICRA, KPMG, Essar Group and Philips offered jobs to the IIM-A students in finance, consulting, sales and marketing fields," he said.
"The new process once again ensured a smooth experience for both students and recruiters. Seamlessness prevailed despite a large number of recruiters visiting the campus this weekend," the Media Coordinator for the Placement Committee, Mansi Chitalia said.
Ads by Google ICICIdirect Presents Investment Account Your Password to Prosperitywww.icici-direct.inPost your Resume Here Be a part of India's Largest Salary Survey & Benchmark your salary!Shine.com/Hyderabad_Banking Job Vacancies Exp 0- 5 Yrs, Salary +3-5 Lacs. Get Register & Get Best Jobs with ShineHTCareers.in/Banking
Final placements at IIM-A this year is based on cohort based system. As per this process companies offering similar roles, profiles, salaries and locations are grouped into individual cohorts who converge at campus on weekends and discuss roles on offer with students before recruiting them.
India, Saudi Arabia set to sign 10 pacts on cooperation
Riyadh: India and Saudi Arabia on Sunday finalised 10 pacts, including an Extradition Treaty and agreements in the economic sphere for signing during Prime Minister Manmohan Singh's ongoing visit to this oil-rich country.
Singh, the first Indian Prime Minister to visit Saudi Arabia in 28 years, will meet King Abdullah bin Abdulaziz Al Saud later in the evening and hold wide-ranging talks on issues ranging from cooperation in various areas, situation in Afghanistan and the threat of terrorism.
Singh has expressed keenness to impart ‘strategic character’ to India-Saudi Arabia ties and the agreements are expected to give a major fillip to the relations. The Prime Minister's long overdue visit to the Kingdom comes four years after King Abdullah visited India.
During the three-day visit, the two sides will sign 10 pacts including Extradition Treaty, Agreement on Transfer of Sentenced Prisoners and Agreement on setting up Joint Investment Fund. Singh and King Abdullah will also hold talks on opening ‘new frontiers’ of cooperation in various areas including security and defence.
India's concerns over 'safe havens' of al-Qaeda and Taliban along the Afghanistan-Pakistan border will be also discussed during the talks between Singh and King Abdullah.
6.38 lakh jobs created in Oct-Dec Q
New Delhi: In a clear indication of the revival of the economy, the Government has revealed that 6.38 lakh jobs were created in the October-December quarter last year.
During this period, employment increased in almost all sectors except the transport sector which saw a marginal decline, according to the Labour Bureau under the Labour and Employment Ministry. It said 91 per cent of the jobs created were in export units, which bore the brunt of the economic crisis, thus signalling an imminent turnaround.
“Out of the total increase of 6.38 lakh jobs during the period, 5.80 lakh jobs were added in the export units. The IT/BPO units alone added 4.87 lakh jobs within the export units”, a senior official in the Ministry said. The bureau arrived at the figures after conducting an employment survey covering 2,953 units of eight selected sectors across 11 states and union territories.
The survey was the fifth in the series, the first one being conducted in the October-December quarter in 2008 immediately after the onset of the global meltdown to assess the impact of recession on the job market. The previous survey conducted between July and September, 2009 showed a 4.97 lakh increase in job creation.
Sports News
India-Pak to clash in high voltage opener
New Delhi: Emotions will run high when India, after a tumultuous build-up, will take on arch-rivals Pakistan in a potential humdinger of the hockey World Cup, which gets underway amid watertight security here on Sunday.
India will have to leave behind the controversies that marred their run up to the high profile FIH tournament and put up a united front as stakes are high for the home team after the Olympic debacle. Their eight Olympic gold notwithstanding, India have not won a major international title since their 1975 World Cup triumph in Kuala Lumpur.
Indian hockey has gone down considerably since then, evident from their result in the last couple of years. After finishing a lowly 11th out of 12 teams in the last World Cup at Monchengladbach, Germany fours years ago, Indian hockey plunged to a new low in 2008 by missing out on an Olympic berth for the first time in 80 years.
After all these lows, this mega event brings with it an opportunity of a lifetime for Indian hockey to regain its lost glory in front of countrymen. But achieving it is no mean task for the Rajpal Singh-led side and the first two matches Pakistan and Australia carry a lot of significance since result of these encounters would decide their fate in the tournament.
The match also gives Rajpal and his men an opportunity to avenge their 3-6 defeat at the hands of Pakistan in the semifinal of the Champions Challenge I tournament in Salta, Argentina.
The much-anticipated game carries a lot of importance for both the teams not only in the context of sporting ties between the two countries but also on the diplomatic front. And expectedly emotions will run high in both the camps as for the first time after 26/11 Mumbai carnage, the two countries will be meeting each other on Indian soil.
City stun Chelsea as Bridge gets revenge on Terry
Wayne Bridge got his revenge on John Terry as Manchester City dented nine-man Chelsea's title challenge with a stunning 4-2 win at Stamford Bridge. While Chelsea stumbled, third placed Arsenal closed the gap to three points with a dramatic 3-1 win yesterday at 10-man Stoke which was marred by a serious injury to Wales midfielder Aaron Ramsey.
After snubbing Terry's offer of a handshake during the pre-match greeting between the teams, Bridge -- who this week quit England duty as a result of Terry's alleged affair with his ex-girlfriend Vanessa Perroncel played his part as City handed Chelsea their first home defeat in 38 games. Frank Lampard put the Premier League leaders ahead in the 42nd minute but Carlos Tevez equalised in first half stoppage-time following mistakes from Terry and goalkeeper Hilario.
Craig Bellamy struck for the visitors in the 51st minute with a shot from a tight angle that Hilario should have saved. Tevez scored his second from the penalty spot after Juliano Belletti was sent off for fouling Gareth Barry in the 76th minute, then Michael Ballack was dismissed in the closing stages.
Bellamy rubbed salt into Chelsea's wounds with the fourth in the 87th minute before Lampard's 90th-minute penalty reduced the deficit. Chelsea remain just one point ahead of Manchester United, while City go above Tottenham into fourth place.
Wednesday, February 24, 2010
Latest News of India
Tendulkar rewrites history, hits first double ton in ODIs
New Delhi: Milestone man Sachin Tendulkar re-wrote the record books on Wednesday, hammering the first double century in the history of one-day cricket to add another feather to his well-adorned cap.
The capacity crowd at the Captain Roop Singh Stadium witnessed history on Wednesday as Tendulkar, statistically the greatest batsman the game has ever seen, pushed a Charl Langeveldt delivery through the off-side and ran a single to achieve a feat which no other cricketer has achieved.
One Day International cricket, since its 1971 inception, had to wait nearly four decades to see a batsman score 200. The previous best mark was shared by Zimbabwean Charles Coventry (194 not out) and Pakistan's Saeed Anwar (194).
As the crowd erupted with unbridled joy, Tendulkar, tired but composed, took off his helmet, looked skyward, closed his eyes to offer a silent prayer.
His captain Mahendra Singh Dhoni came down from the striker's end to shake hands and hug him. And as Tendulkar set on his way back to the pavilion after the completion of the Indian innings, a tumultuous celebration greeted him.
The crowd gave him a standing ovation as the entire stadium erupted in euphoria while his teammates were simply ecstatic as they clapped and hugged each other, basking in the glory of their senior teammates.
Tendulkar batted like a man with a mission today and the South African bowlers simply had no clue where to bowl. Once he crossed the 150-mark, the crowd anticipated something special and Tendulkar did not let them down.
A six off Roelof van der Merwe took him past Kapil Dev's 175 not out and in the next over, he hit Jacques Kallis for a four to equal his previous best of 186 not out that had come against New Zealand in Hyderabad in 1999.
The crowd got restless as Tendulkar approached the
194-run mark and a couple off Wayne Parnell saw him eclipse it.
His teammates and spectators were on the edge of their seat with a double century round the corner but with Dhoni going berserk at the striker's end and facing most of the deliveries; it was an agonising wait for all.
Dhoni took singles off the final deliveries of the
47th-49th overs and Tendulkar finally took strike with four balls left in the innings. The first ball he received from Langeveldt was steered past point and Tendulkar ran for a single to remain unbeaten after an unforgettable unbeaten 200 that came off just 147 balls with 25 fours and three sixes in it.
It was yet another milestone for the man, who has some 30,000 international runs under his belt, including 93 centuries (47 in Tests and 46 in ODIs).
President, PM congratulate Sachin for first double ton in ODIs
New Delhi: President Pratibha Patil and Prime Minister Manmohan Singh on Wednesday congratulated Sachin Tendulkar for becoming the first cricketer to score a double ton in one-day internationals and said the "master batsman" has climbed the "Mt Everest of the game".
"Sachin Tendulkar has yet again re-written the record books of cricket, by climbing yet another Mt Everest of the game," Patil said in a message. She said in setting a new benchmark for the highest score by a batsman in one-day internationals as well as in notching up a double century, "the master batsman has set stiff targets" for future generation of cricketers to break.
Terming it a "magnificent achievement", the Prime Minister said that Sachin has led by "example and that all Indians are proud of his achievement". Singh wished him many more glorious years in his cricketing career.
36-year-old Tendulkar today created history by becoming the first cricketer to score a double century in one-day internationals with a breath-taking unbeaten 200 to steer India to a massive 401 for three against South Africa in the second cricket ODI in Gwalior.
Tendulkar a role model for world cricket: Pak players
Karachi: Former and present Pakistani players on Wednesday paid rich tribute to Sachin Tendulkar for becoming the first batsman in the history of the game to score a double hundred in one-dayers and said he is the perfect "role model" for any cricketer.
"For any cricketer he is the perfect role model. The great thing about him is that he has been outstanding in both Tests and ODIs. As a Pakistani player, I know how much value we have always put on his wicket," right-handed batsman Shoaib Malik said about the batting maestro.
Former skipper and wicketkeeper Rashid Latif said the feat was no surprise to him as it was only a matter of time for Tendulkar to achieve it.
"I always expected him to be the first one to score 200 in ODIs, but I was surprised that he took so long," Latif said.
Another former captain Aamir Sohail said, "The rule is simple when you give respect to the game, then only the game will give you respect."
Batting great Javed Miandad said he had always asked Pakistani cricketers to admire Tendulkar for his down to earth attitude, hard work and passion.
"Records are there to be broken but it makes you happy when someone like Tendulkar does it. I think he thoroughly deserves this record and many more in days to come," he said.
J&K: Militant emerges alive from debris, kills jawan before being shot dead
SRINAGAR: A militant, believed to have been killed in the gunbattle at Chinkipora in Sopore, emerged alive from the debris on Wednesday and began firing on security personnel searching for the bodies of slain ultras, killing a jawan but was shot dead in retaliatory fire.
The militant, who is yet to be identified, was killed as the security forces fired back after he began firing indiscriminately injuring a jawan who later died at a hospital, official sources said.
Earlier, body of a militant was recovered from the rubbles of three houses that were destroyed in the gunbattle yesterday.
"Body of an unidentified militant and a weapon was recovered from the debris of the houses earlier today", police sources said.
Terming the heap of rubble at the the scene of the encounter as huge, they said it may take days even for the machines to remove it.
The operation to retrieve the bodies of the militants, who were said to have been killed in the day-long gunbattle yesterday, resumed this morning.
Three armymen, including a captain, were killed in the gunbattle with the militants hiding in three houses at Chinkipora, 55 kms from here, yesterday.
The deceased ary personnel were identified as Captain Davinder Singh Jass, Naik Selva Kumar and Paratrooper Imtiyaz Ahmad Thokar of first Para.
Besides, a civilian identified as Ramiaz Ahmad Malla, who was hit by a stray bullet while being evacuated from the scene, is being treated at a hospital in Srinagar.
Concessions for passengers in Mamata's rail budget
NEW DELHI: The Railway Budget for 2010-11 on Wednesday proposed no increase in passenger fares and freight rates while reducing the tariff by Rs 100 per wagon in transportation of foodgrains, kerosene and fertilisers to tackle the price rise.
The budget, presented by Railway Minister Mamata Banerjee in the Lok Sabha, also proposed to reduce the maximum limit of service charge on e-booking of tickets to Rs 10 for sleeper class and Rs 20 for AC class. The present maximum charge is Rs 15 and Rs 40 respectively.
This is the seventh year in a row that passenger fares have not been raised.
Announcing a slew of concessions for passengers, Banerjee proposed free travel for cancer patients going for treatment in three-tier AC and sleeper class and continuance of concessions for students of madrassas and journalists.
The minister said 101 new suburban services will be introduced in Mumbai and more services will be launched in Kolkata and Chennai.
A special train 'Sanskriti Express' to mark the 150th birth anniversary of Rabindranath Tagore will run across the country and also to Bangladesh.
Special tourist trains called 'Bharat Teerth' will be started on 16 routes while six long-distance non-stop Duronto Express and four short-distance Duronto day trains will be introduced, the railway minister said.
Referring to hardships faced by people because of the high food prices, Banerjee said, "I understand their distress. Despite Railways' own tight resource position I announce reduction of Rs 100 per wagon in freight charges for foodgrains for domestic use and kerosene. This is a small gesture to express our concern."
While ladies special trains would be renamed 'Matribhoomi Specials', three unreserved trains named 'Karambhoomi specials' would be introduced along with new weekly express service 'Janmabhoomi Express' between Ahmedabad and Udhampur.
New services to be introduced include 54 trains, 28 new passenger services, nine MEMU and eight DEMU services. The routes of 21 trains will be extended and the frequency of 12 trains increased.
Other new projects include preliminary engineering-cum- traffic survey for north-south, east-west, east-south and south-south dedicated freight corridors.
Six high-speed passenger train corridors have been identified to be executed through public-private partnership mode and a national high-speed rail authority will be set up for planning, implementing and monitoring these projects.
The financial performance in 2009-10 shows that the loading target of 882 million tonnes is likely to be surpassed by eight million tonnes.
Gross traffic receipts for 2009-10 have been kept at Rs 88,356 crore -- an increase of 10.7 per cent. The full impact of sixth pay commission has been fully absorbed within the railway resources and the current dividend liability will be fully discharged. Annual plan has been kept at Rs 40,284 crore, Banerjee said.
Earlier, Mamata started her speech in the Lok Sabha saying, "Our objective is inclusive growth," adding that her main consideration in this year's budget was social responsibility rather than mere commercial viability of projects.
"We have set our goals in the Vision 2020 document and we will achieve it," the minister said, referring to the document unveiled in December that has targeted making over 30,000 km of routes into double or multiple lines against 18,000 km today.
"It is a fact that administrative and procedural delays discourage potential investors. We will need to overcome this. I am setting up a special task force for this," she said.
"Special structure will be created for the new business model," she said. "But we will not privatise our railways. Indian Railways will remain with the government."
At the same time, she also asked the private sector to refrain from what she called "typical negative approach" while dealing with the Indian Railways. "I am sorry to say this, this mindset has to change."
Prime Minister Manmohan Singh, United Progressive Alliance (UPA) chairperson Sonia Gandhi, Leader of Opposition Sushma Swaraj and finance minister Pranab Mukherjee were among those in the house, presided over by Speaker Meira Kumar.
This was Banerjee's fourth budget of her career as railway minister and the second for the United Progressive Alliance (UPA) government in its second straight term after being voted back to office in May last year.
According to Banerjee, 117 out of the 120 new trains promised in her last budget will be flagged off by March 31, within a matter of seven months, which was a commendable effort.
Seeking to give safety issues due consideration, the minister said there were a few cases of unfortunate accidents in the past and said these would be prevented by adopting the highest level of technology and manpower training.
"Within five years, we will have 13,000 out of unmanned level crossings manned - 3,000 this fiscal and 1,000 in the coming fiscal," she said, referring to the high number of accidents at such crossroads.
The budget came against the backdrop of the share of Indian Railways in the movement of goods, vis a vis truckers, falling from 24.07 percent in 2001-02 to 20.89 percent in 2008-09 and further to 19.32 percent in the first 10 months of this fiscal.
Indian Railways runs the world's second largest network under a single management with a network of 64,099 route km to ferry 18.9 million passengers on 7,000 trains daily from 6,906 stations. It also runs 4,000 freight trains to carry 850 million tonnes of cargo.
Business News
New Delhi: Indian Railways will earn a profit of Rs 951 crore in 2009-10, down 93 per cent from the 2007-08 level.
While the 2009-10 Railway Budget presented in July last year projected profits at Rs 2,642.26 crore, the estimate has been revised downwards by 64 per cent to Rs 951.03 crore.
For the next fiscal, the budget estimates a profit of Rs 3,173.09 crore.
India's largest employer that employs 14 lakh people had registered a record profit of Rs 13,431.09 crore in 2007-08.
From FY'08 to FY'10, the fall in profit is 93 per cent, as per the Railway Budget presented in Parliament on Wednesday.
Profits had started showing a decline even in 2008-09, when it come down to Rs 4,456.78 crore. Year-over-year the fall in profit is about 79 per cent.
Gross traffic receipts have consistently risen since fiscal 1951-52, the year from which the statement showed financial figures for the Indian Railways.
The revised estimates puts gross traffic receipts at Rs 88,355.91 crore for 2009-10, and the budgetary estimate for the next fiscal's gross traffic receipts is Rs 94,764.95 crore, the Railway Budget paper said.
India Inc pleased with rail budget
New Delhi: India Inc welcomed the Railway Budget for sparing freight and passenger fares from any hike and said that it also provided opportunities for private sector to participate in the world's fifth largest transport network.
"I think it provides for much bigger involvement of the private sector...it is welcome," FICCI President Harsh Pati Singhania said.
Assocham described it as "people and industry friendly" since there is no increase in passenger and freight rates.
Presenting the Railway Budget for 2010-11, Railway Minister Mamata Banerjee asked business houses to build partnerships with Railways that employs about 14 lakh people.
A special task force will be set up for early clearance of projects, Banerjee said, adding that Railways will start six water bottling plants in places like Ambala, Farakka, Nasik, Thiruvananthapuram and Amethi to provide clean and cheap drinking water to passengers.
Railways would also develop 10 automobile hubs, she said.
CII Director General Chandrajit Banerjee said: "It is our belief that this would give the right signals to investors in India and abroad to look at Indian Railways in a new light."
However, Assocham President Swati Piramal said: "A clear roadmap for seeking private partnership in railways for it's modernisation and expansion should have been rolled out."
Federation of Indian Mineral Industry Secretary General R K Sharma too termed the Budget as "positive".
Mamata woos corporates, rules out privatisation
New Delhi: Railway Minister Mamata Banerjee on Wednesday presented the Railway Budget 2010-11 in the Parliament, saying that her ministry has come out with ''Vision 2020'' to modernise the railway network.
"I prefer social responsibility to economic responsibility, she said.
Banerjee said, the railways need to catch up with the advanced western nations, adding that the policy guidelines would be made easier and hassle-free.
Railways will not be privatized, she said, adding that in the next five years the whole country would be connected by rail.
Banerjee called on the India Inc to build partnership with the Railways.
The minister announced that the exams for the recruitment in Railway would be conducted in the regional languages as well, adding that English, Hindi, Urdu and other regional languages will be used for Railway entrance exams.
Banerjee said that we have kept our earlier promises and out of 120 trains that were proposed by our ministry, 107 trains were started on time.
She announced that six-bottling points would be set for manufacture of water that will be supplied, adding that the food that is provided to the passengers has also improved over the years.
Village panchayats, hospitals and court would have a e-ticket counter proposed Banerjee, adding that a railway counter would also be set up at the office of the District Magistrate.
Railway is all determined to ensure safety measures, she claimed adding that a ''chowkidaar'' would be placed at every railway crossing in the next five years.
Indian Railways to introduce double-decker trains
New Delhi: Railway Minister Mamata Banerjee on Wednesday announced that the Indian Railway would introduce double-decker train-sets as a pilot project.
Presenting the Railway Budget for the year 2010-2011 in the parliament here, Banerjee said: “Double-decker train-sets matching the best in global standards will be introduced in two trains each from Delhi and Kolkata as a pilot project.”
Declaring that passenger amenities are a very high priority of the Government, she said that a number of initiatives are being taken for this purpose. “Modern trolleys at all important stations with uniformed attendants will be introduced to assist senior citizens and women passengers for carrying their luggage,” Banerjee said.
The Railway Budget also proposed to initiate SMS updates of reservation status and movements of wagons to freight customers. Mobile vans for issuing e-tickets will be extended to government medical college hospitals, court complexes, University campus, IT hubs, IITs and IIMs.
Banerjee also announced that railway reservation ticket centres would also be opened at district headquarters and village panchayats to give more facility to common man.
In order to bring more transparency in freight business, Banerjee announced RFID technology will be introduced for tracking of wagons, allotment of the rakes would be accessible through the web.
Highlighting efforts being made for safety and security of the passenger, Banerjee said the railway is developing crashworthy coaches and locomotives and will provide automatic fire and smoke detection system in 20 pairs of long-distance trains as pilot project.
She announced that manning of further 1,000 level crossing will be taken up during the budget year and added that in coming five years, all the unmanned level crossing will be manned. To assure full security to women passengers, Banerjee announced that formation of 12 companies of women Railway Protection Force (RPF), named “Mahila Vahini.”
New Delhi: Milestone man Sachin Tendulkar re-wrote the record books on Wednesday, hammering the first double century in the history of one-day cricket to add another feather to his well-adorned cap.
The capacity crowd at the Captain Roop Singh Stadium witnessed history on Wednesday as Tendulkar, statistically the greatest batsman the game has ever seen, pushed a Charl Langeveldt delivery through the off-side and ran a single to achieve a feat which no other cricketer has achieved.
One Day International cricket, since its 1971 inception, had to wait nearly four decades to see a batsman score 200. The previous best mark was shared by Zimbabwean Charles Coventry (194 not out) and Pakistan's Saeed Anwar (194).
As the crowd erupted with unbridled joy, Tendulkar, tired but composed, took off his helmet, looked skyward, closed his eyes to offer a silent prayer.
His captain Mahendra Singh Dhoni came down from the striker's end to shake hands and hug him. And as Tendulkar set on his way back to the pavilion after the completion of the Indian innings, a tumultuous celebration greeted him.
The crowd gave him a standing ovation as the entire stadium erupted in euphoria while his teammates were simply ecstatic as they clapped and hugged each other, basking in the glory of their senior teammates.
Tendulkar batted like a man with a mission today and the South African bowlers simply had no clue where to bowl. Once he crossed the 150-mark, the crowd anticipated something special and Tendulkar did not let them down.
A six off Roelof van der Merwe took him past Kapil Dev's 175 not out and in the next over, he hit Jacques Kallis for a four to equal his previous best of 186 not out that had come against New Zealand in Hyderabad in 1999.
The crowd got restless as Tendulkar approached the
194-run mark and a couple off Wayne Parnell saw him eclipse it.
His teammates and spectators were on the edge of their seat with a double century round the corner but with Dhoni going berserk at the striker's end and facing most of the deliveries; it was an agonising wait for all.
Dhoni took singles off the final deliveries of the
47th-49th overs and Tendulkar finally took strike with four balls left in the innings. The first ball he received from Langeveldt was steered past point and Tendulkar ran for a single to remain unbeaten after an unforgettable unbeaten 200 that came off just 147 balls with 25 fours and three sixes in it.
It was yet another milestone for the man, who has some 30,000 international runs under his belt, including 93 centuries (47 in Tests and 46 in ODIs).
President, PM congratulate Sachin for first double ton in ODIs
New Delhi: President Pratibha Patil and Prime Minister Manmohan Singh on Wednesday congratulated Sachin Tendulkar for becoming the first cricketer to score a double ton in one-day internationals and said the "master batsman" has climbed the "Mt Everest of the game".
"Sachin Tendulkar has yet again re-written the record books of cricket, by climbing yet another Mt Everest of the game," Patil said in a message. She said in setting a new benchmark for the highest score by a batsman in one-day internationals as well as in notching up a double century, "the master batsman has set stiff targets" for future generation of cricketers to break.
Terming it a "magnificent achievement", the Prime Minister said that Sachin has led by "example and that all Indians are proud of his achievement". Singh wished him many more glorious years in his cricketing career.
36-year-old Tendulkar today created history by becoming the first cricketer to score a double century in one-day internationals with a breath-taking unbeaten 200 to steer India to a massive 401 for three against South Africa in the second cricket ODI in Gwalior.
Tendulkar a role model for world cricket: Pak players
Karachi: Former and present Pakistani players on Wednesday paid rich tribute to Sachin Tendulkar for becoming the first batsman in the history of the game to score a double hundred in one-dayers and said he is the perfect "role model" for any cricketer.
"For any cricketer he is the perfect role model. The great thing about him is that he has been outstanding in both Tests and ODIs. As a Pakistani player, I know how much value we have always put on his wicket," right-handed batsman Shoaib Malik said about the batting maestro.
Former skipper and wicketkeeper Rashid Latif said the feat was no surprise to him as it was only a matter of time for Tendulkar to achieve it.
"I always expected him to be the first one to score 200 in ODIs, but I was surprised that he took so long," Latif said.
Another former captain Aamir Sohail said, "The rule is simple when you give respect to the game, then only the game will give you respect."
Batting great Javed Miandad said he had always asked Pakistani cricketers to admire Tendulkar for his down to earth attitude, hard work and passion.
"Records are there to be broken but it makes you happy when someone like Tendulkar does it. I think he thoroughly deserves this record and many more in days to come," he said.
J&K: Militant emerges alive from debris, kills jawan before being shot dead
SRINAGAR: A militant, believed to have been killed in the gunbattle at Chinkipora in Sopore, emerged alive from the debris on Wednesday and began firing on security personnel searching for the bodies of slain ultras, killing a jawan but was shot dead in retaliatory fire.
The militant, who is yet to be identified, was killed as the security forces fired back after he began firing indiscriminately injuring a jawan who later died at a hospital, official sources said.
Earlier, body of a militant was recovered from the rubbles of three houses that were destroyed in the gunbattle yesterday.
"Body of an unidentified militant and a weapon was recovered from the debris of the houses earlier today", police sources said.
Terming the heap of rubble at the the scene of the encounter as huge, they said it may take days even for the machines to remove it.
The operation to retrieve the bodies of the militants, who were said to have been killed in the day-long gunbattle yesterday, resumed this morning.
Three armymen, including a captain, were killed in the gunbattle with the militants hiding in three houses at Chinkipora, 55 kms from here, yesterday.
The deceased ary personnel were identified as Captain Davinder Singh Jass, Naik Selva Kumar and Paratrooper Imtiyaz Ahmad Thokar of first Para.
Besides, a civilian identified as Ramiaz Ahmad Malla, who was hit by a stray bullet while being evacuated from the scene, is being treated at a hospital in Srinagar.
Concessions for passengers in Mamata's rail budget
NEW DELHI: The Railway Budget for 2010-11 on Wednesday proposed no increase in passenger fares and freight rates while reducing the tariff by Rs 100 per wagon in transportation of foodgrains, kerosene and fertilisers to tackle the price rise.
The budget, presented by Railway Minister Mamata Banerjee in the Lok Sabha, also proposed to reduce the maximum limit of service charge on e-booking of tickets to Rs 10 for sleeper class and Rs 20 for AC class. The present maximum charge is Rs 15 and Rs 40 respectively.
This is the seventh year in a row that passenger fares have not been raised.
Announcing a slew of concessions for passengers, Banerjee proposed free travel for cancer patients going for treatment in three-tier AC and sleeper class and continuance of concessions for students of madrassas and journalists.
The minister said 101 new suburban services will be introduced in Mumbai and more services will be launched in Kolkata and Chennai.
A special train 'Sanskriti Express' to mark the 150th birth anniversary of Rabindranath Tagore will run across the country and also to Bangladesh.
Special tourist trains called 'Bharat Teerth' will be started on 16 routes while six long-distance non-stop Duronto Express and four short-distance Duronto day trains will be introduced, the railway minister said.
Referring to hardships faced by people because of the high food prices, Banerjee said, "I understand their distress. Despite Railways' own tight resource position I announce reduction of Rs 100 per wagon in freight charges for foodgrains for domestic use and kerosene. This is a small gesture to express our concern."
While ladies special trains would be renamed 'Matribhoomi Specials', three unreserved trains named 'Karambhoomi specials' would be introduced along with new weekly express service 'Janmabhoomi Express' between Ahmedabad and Udhampur.
New services to be introduced include 54 trains, 28 new passenger services, nine MEMU and eight DEMU services. The routes of 21 trains will be extended and the frequency of 12 trains increased.
Other new projects include preliminary engineering-cum- traffic survey for north-south, east-west, east-south and south-south dedicated freight corridors.
Six high-speed passenger train corridors have been identified to be executed through public-private partnership mode and a national high-speed rail authority will be set up for planning, implementing and monitoring these projects.
The financial performance in 2009-10 shows that the loading target of 882 million tonnes is likely to be surpassed by eight million tonnes.
Gross traffic receipts for 2009-10 have been kept at Rs 88,356 crore -- an increase of 10.7 per cent. The full impact of sixth pay commission has been fully absorbed within the railway resources and the current dividend liability will be fully discharged. Annual plan has been kept at Rs 40,284 crore, Banerjee said.
Earlier, Mamata started her speech in the Lok Sabha saying, "Our objective is inclusive growth," adding that her main consideration in this year's budget was social responsibility rather than mere commercial viability of projects.
"We have set our goals in the Vision 2020 document and we will achieve it," the minister said, referring to the document unveiled in December that has targeted making over 30,000 km of routes into double or multiple lines against 18,000 km today.
"It is a fact that administrative and procedural delays discourage potential investors. We will need to overcome this. I am setting up a special task force for this," she said.
"Special structure will be created for the new business model," she said. "But we will not privatise our railways. Indian Railways will remain with the government."
At the same time, she also asked the private sector to refrain from what she called "typical negative approach" while dealing with the Indian Railways. "I am sorry to say this, this mindset has to change."
Prime Minister Manmohan Singh, United Progressive Alliance (UPA) chairperson Sonia Gandhi, Leader of Opposition Sushma Swaraj and finance minister Pranab Mukherjee were among those in the house, presided over by Speaker Meira Kumar.
This was Banerjee's fourth budget of her career as railway minister and the second for the United Progressive Alliance (UPA) government in its second straight term after being voted back to office in May last year.
According to Banerjee, 117 out of the 120 new trains promised in her last budget will be flagged off by March 31, within a matter of seven months, which was a commendable effort.
Seeking to give safety issues due consideration, the minister said there were a few cases of unfortunate accidents in the past and said these would be prevented by adopting the highest level of technology and manpower training.
"Within five years, we will have 13,000 out of unmanned level crossings manned - 3,000 this fiscal and 1,000 in the coming fiscal," she said, referring to the high number of accidents at such crossroads.
The budget came against the backdrop of the share of Indian Railways in the movement of goods, vis a vis truckers, falling from 24.07 percent in 2001-02 to 20.89 percent in 2008-09 and further to 19.32 percent in the first 10 months of this fiscal.
Indian Railways runs the world's second largest network under a single management with a network of 64,099 route km to ferry 18.9 million passengers on 7,000 trains daily from 6,906 stations. It also runs 4,000 freight trains to carry 850 million tonnes of cargo.
Business News
New Delhi: Indian Railways will earn a profit of Rs 951 crore in 2009-10, down 93 per cent from the 2007-08 level.
While the 2009-10 Railway Budget presented in July last year projected profits at Rs 2,642.26 crore, the estimate has been revised downwards by 64 per cent to Rs 951.03 crore.
For the next fiscal, the budget estimates a profit of Rs 3,173.09 crore.
India's largest employer that employs 14 lakh people had registered a record profit of Rs 13,431.09 crore in 2007-08.
From FY'08 to FY'10, the fall in profit is 93 per cent, as per the Railway Budget presented in Parliament on Wednesday.
Profits had started showing a decline even in 2008-09, when it come down to Rs 4,456.78 crore. Year-over-year the fall in profit is about 79 per cent.
Gross traffic receipts have consistently risen since fiscal 1951-52, the year from which the statement showed financial figures for the Indian Railways.
The revised estimates puts gross traffic receipts at Rs 88,355.91 crore for 2009-10, and the budgetary estimate for the next fiscal's gross traffic receipts is Rs 94,764.95 crore, the Railway Budget paper said.
India Inc pleased with rail budget
New Delhi: India Inc welcomed the Railway Budget for sparing freight and passenger fares from any hike and said that it also provided opportunities for private sector to participate in the world's fifth largest transport network.
"I think it provides for much bigger involvement of the private sector...it is welcome," FICCI President Harsh Pati Singhania said.
Assocham described it as "people and industry friendly" since there is no increase in passenger and freight rates.
Presenting the Railway Budget for 2010-11, Railway Minister Mamata Banerjee asked business houses to build partnerships with Railways that employs about 14 lakh people.
A special task force will be set up for early clearance of projects, Banerjee said, adding that Railways will start six water bottling plants in places like Ambala, Farakka, Nasik, Thiruvananthapuram and Amethi to provide clean and cheap drinking water to passengers.
Railways would also develop 10 automobile hubs, she said.
CII Director General Chandrajit Banerjee said: "It is our belief that this would give the right signals to investors in India and abroad to look at Indian Railways in a new light."
However, Assocham President Swati Piramal said: "A clear roadmap for seeking private partnership in railways for it's modernisation and expansion should have been rolled out."
Federation of Indian Mineral Industry Secretary General R K Sharma too termed the Budget as "positive".
Mamata woos corporates, rules out privatisation
New Delhi: Railway Minister Mamata Banerjee on Wednesday presented the Railway Budget 2010-11 in the Parliament, saying that her ministry has come out with ''Vision 2020'' to modernise the railway network.
"I prefer social responsibility to economic responsibility, she said.
Banerjee said, the railways need to catch up with the advanced western nations, adding that the policy guidelines would be made easier and hassle-free.
Railways will not be privatized, she said, adding that in the next five years the whole country would be connected by rail.
Banerjee called on the India Inc to build partnership with the Railways.
The minister announced that the exams for the recruitment in Railway would be conducted in the regional languages as well, adding that English, Hindi, Urdu and other regional languages will be used for Railway entrance exams.
Banerjee said that we have kept our earlier promises and out of 120 trains that were proposed by our ministry, 107 trains were started on time.
She announced that six-bottling points would be set for manufacture of water that will be supplied, adding that the food that is provided to the passengers has also improved over the years.
Village panchayats, hospitals and court would have a e-ticket counter proposed Banerjee, adding that a railway counter would also be set up at the office of the District Magistrate.
Railway is all determined to ensure safety measures, she claimed adding that a ''chowkidaar'' would be placed at every railway crossing in the next five years.
Indian Railways to introduce double-decker trains
New Delhi: Railway Minister Mamata Banerjee on Wednesday announced that the Indian Railway would introduce double-decker train-sets as a pilot project.
Presenting the Railway Budget for the year 2010-2011 in the parliament here, Banerjee said: “Double-decker train-sets matching the best in global standards will be introduced in two trains each from Delhi and Kolkata as a pilot project.”
Declaring that passenger amenities are a very high priority of the Government, she said that a number of initiatives are being taken for this purpose. “Modern trolleys at all important stations with uniformed attendants will be introduced to assist senior citizens and women passengers for carrying their luggage,” Banerjee said.
The Railway Budget also proposed to initiate SMS updates of reservation status and movements of wagons to freight customers. Mobile vans for issuing e-tickets will be extended to government medical college hospitals, court complexes, University campus, IT hubs, IITs and IIMs.
Banerjee also announced that railway reservation ticket centres would also be opened at district headquarters and village panchayats to give more facility to common man.
In order to bring more transparency in freight business, Banerjee announced RFID technology will be introduced for tracking of wagons, allotment of the rakes would be accessible through the web.
Highlighting efforts being made for safety and security of the passenger, Banerjee said the railway is developing crashworthy coaches and locomotives and will provide automatic fire and smoke detection system in 20 pairs of long-distance trains as pilot project.
She announced that manning of further 1,000 level crossing will be taken up during the budget year and added that in coming five years, all the unmanned level crossing will be manned. To assure full security to women passengers, Banerjee announced that formation of 12 companies of women Railway Protection Force (RPF), named “Mahila Vahini.”
Friday, February 12, 2010
Today's latest news
SRK regrets MNIK controversy, clarifies it is not to Shiv Sena
MUMBAI: Shah Rukh Khan apologised for the controversy over the release of his film "My Name Is Khan" but made it clear the regret is not directed to Shiv Sena which threatened to halt the screening of his picture in this Bollywood heartland.
"i thank u all for this..apologise for giving stress over the last few days...& now truly know the meaning of being humbled.lov u all so much (sic)," tweeted the 44-year-old star shortly after several multiplexes who were initially reluctant went ahead with the screening of the keenly awaited film here.
Shah Rukh also said he was "humbled and overwhelmed" after the response from the public for his film.
In a bid to clarify that his regret in a tweet is not construed as directed at the Shiv Sena who have demanded that the superstar apologise for his remarks favouring inclusion of Pakistani players in IPL, Shah Rukh posted another message on the micro blogging website Twitter to say his apology is for his fans and no one else.
"whoa.. just hearing some media reports. just so that all know...wot i say here is for my fans across the world. thats all (sic)", wrote Kahn who has 1,31,435 followers on the website.
"i am humbled by this show of love & kindness. so dont know wot else to say. overwhelmed & promise will make india proud with my hard work. yipppeee !!!! ...in my work or words, i wholeheartedly regret...and i love u very very very very much. thank u thank u thank u," Khan tweeted after MNIK ran to full houses in Mumbai and elsewhere in the country.
"i realise today...i am just a film hero...u all in the theatres r the real deal. god feel so loved & humbled. hats off to all heroes," the actor added.
MNIK tickets go for 1,000 euros each at Berlin fest
BERLIN: The online tickets for Bollywood superstar Shah Rukh Khan’s ‘My Name is Khan’ were sold out in five seconds here.
People who phoned the Berlinale authorities five minutes after ticketing opened were told they were way too late.
The film’s tickets were auctioned on e-Bay for 1,000 euros (about Rs 60,000) each.
Fans had not slept all night to keep their places in the queue despite the minus temperature in Berlin. Those who arrived at 6 am were in tears.
Jenny Watkinson, assigned the ‘Shah Rukh Khan department’ in the International Relations office of Dieter Kosslick, Berlin film festival director, says, “I’ve never seen anything like it. This year it’s expected to be even bigger than in 2008 (during ‘Om Shanti Om’). The online tickets for ‘My Name is Khan’ were sold out in five seconds.”
The film premieres in Berlin on Friday with a red carpet at the prestigious Berlinale Palast theatre on Potsdamer Platz. Shah Rukh Khan, Kajol and Karan Johar are in Berlin for the premiere.
Obama targets outsourcers again, labels them tax evaders
WASHINGTON: American president Barack Obama has once again targeted American companies having their operations in India to save taxes back home and called such businesses tax evaders.
"If you are a business here, entirely located in the US, and investing in the US, and hiring workers in the US, you are paying a 35 per cent rate," Obama said in an interview to the business magazine Bloomberg Business Week.
"However,if you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the US; and that just doesn't seem entirely fair," he argued.
"The same is true where you have companies that have 90 per cent of their sales in the US, but are posting 90 per cent of their profits overseas. You get a sense there that the accountants have been busy," Obama said.
Home loans to be dearer; public sector banks to end teaser rate regime
MUMBAI: Home and auto loan customers will have to shell out more with several public sector banks including the State Bank, Punjab National Bank and Bank of India (BoI) deciding to end the concessional or limited period loan regime, popularly called teaser rates.
The public sector banks, which are offering low interest rates for the initial period of the loan to attract new customers, have decided not to extend the validity of their schemes beyond March. In certain cases, the schemes would be discontinued during the course of this month itself.
The country's largest lender State Bank chairman OP Bhatt had said recently that special home and auto loan schemes would continue only till the end of March. The SBI has been trying to attract more customers by offering home and auto loans as low as 8 per cent with a limited period offer.
As part of the special scheme under 'My home campaign,' the SBI has been offering home loans (up to Rs 5 lakh) at 8 per cent interest rate during the first five years of a 10-year loan.
For loans above Rs 5 lakh and up to Rs 50 lakh, the interest rate has been fixed at 8 per cent during the first year and 8.5 per cent during second and third years.
Bank of India executive director M Narendra said, "our scheme is valid till February. We may not continue the scheme post-February."
The scheme, he added, was launched for a limited period and the product has served the purpose.
Govt announces ToR on Telangana, TRS calls it betrayal
New Delhi: The high-level committee appointed by the Centre to go into the emotive issue of Telangana has also been asked to examine the option of a united Andhra Pradesh and given time till the end of the year to submit its report, prompting the proponents of the separate statehood to denounce it.
The seven-point terms of reference has mandated the committee headed by Justice (retd) B N Srikrishna to review the developments in Andhra Pradesh since its formation and their impact on the progress and development of the different regions of the state.
It will "examine the situation in the state of Andhra Pradesh with reference to the demand for a separate state of Telangana as well as the demand for maintaining the present status of a united Andhra Pradesh," the ToR said. The committee has been asked to submit its report by December 31 this year.
In Hyderabad, TRS chief K Chandrasekhar Rao, who has been spearheading the Telangana agitation, said, "The Centre has betrayed us once again". He directed all his party MPs, MLAs and MLCs to resign from their posts immediately in protest against the "betrayal".
The committee, constituted on February 3, will examine the impact of the recent developments in the state on the different sections of the people such as women, children, students, minorities, other backward classes, scheduled castes and scheduled tribes.
The committee includes Ranbir Singh, Abusaleh Shariff, Ravinder Kaur and former Home Secretary Vinod K Duggal as member-secretary.
Justice B N Srikrishna is a retired Judge of the Supreme Court. While Ranbir Singh is the Vice Chancellor of National Law University, Delhi, Abusaleh Shariff is the Senior Research Fellow at International Food Policy Research Institute, Delhi.
Ravinder Kaur is professor, Department of Humanities and Social Sciences, IIT, Delhi.
The terms of reference said the committee will "identify the key issues that must be addressed while considering the matter".
It said the panel "will consult all sections of the people, especially the political parties, on the aforesaid matters and elicit their views; to seek from the political parties and other organisations a range of solutions that would resolve the present difficult situation and promote the welfare of all sections of the people; to identify the optimal solutions for this purpose; and to recommend a plan of action and a road map".
The committee will consult other organisations of civil society such as industry, trade, trade unions, farmers' organisations, women's organisations and students' bodies on the specified matters and elicit their views with specific reference to the all round development of the different regions of the state and make any other suggestion or recommendation that the Committee may deem appropriate, the ToR said.
Both Andhra Pradesh Chief Minister K Rosaiah and TDP chief N Chandrababu Naidu, who were at a function together, said they would react after studying the ToR.
Business News
Maruti 800 sales to be discontinued in 13 cities
New Delhi: Maruti Suzuki, India's largest carmaker, has no plans to upgrade its lowest- priced Maruti 800 model to meet EURO IV emissions standards, Chairman R C Bhargava said on Friday.
Bhargava said sales of the model would be discontinued in 13 Indian cities from April.
Maruti is 54.2 per cent owned by Japan's Suzuki Motor Corp.
GSM subscriber base at 394.2 mn
New Delhi: The GSM operators together added 3.7 million new subscribers in January, taking the overall GSM subscriber base to 394.2 million with Bharti Airtel leading the front with 2.85 million.
Last month's GSM addition is marginally up from the December numbers when the operators had added 13.1 million.
Airtel is closely followed by Vodafone which added 2.7 new users, say the data released by GSM operators body COAI.
Total user base of Bharti Airtel soared to 121.7 million while that of Vodafone jumped to 94.14 million at the end of January.
Idea Cellular along with Spice Communications have added 2.27 million users taking it to a total 59.88 million, thus retaining its position as the third largest GSP operator.
However, BSNL is closing the gap with Idea. The state-run teleco has added 2.2 million new users last month taking its total subscriber base to 59.45 million.
Aircel has added 2 million new users, taking it user base to 33 million and MTNL added a mere 45,067 users taking its users base to 4.6 million.
The data do not contain the subscriber addition of TataDocomo, the GSM services of Tata Teleservices and Reliance Telecom.
New players like Uninor which launched services in seven circles across the country in December, has added 1.3 million new users last month.
Sports News
Vancouver: Cricket was cleared to pursue its bid to be included in future Games after the International Olympic Committee (IOC) rubberstamped the sport's recognition on Thursday.
Cricket, powerboating and sports climbing became the latest sports to be officially recognised by the IOC, a status necessary before launching a bid to become part of the Olympic programme.
"The session gave definite recognition to the three federations," IOC spokesman Mark Adams told reporters.
The three sports can now bid to join the 2020 Olympics as the programme is always determined seven years in advance.
Golf and rugby were latest inclusions in the 2016 Rio de Janeiro Games when an IOC session voted them in last year.
The decision about new sports for the 2020 Games will be taken at the IOC session in Buenos Aires in 2013 where the host country will also be picked.
Series win more important than No 1 position: de Villiers
Kolkata: South Africa are just a draw shy of reclaiming the world number one spot in Test cricket, but middle-order batsman A B de Villiers on Friday said the visiting team would cherish a series win more than the ICC rankings. He said the Proteas have the momentum with them and were focused on winning the series.
"We are not too worried about ICC rankings. Obviously, it would be nice to be number one Test side in the world, but our focus is to win series in India. We are here to play good brand of cricket," de Villiers told reporters after team practice at the Eden Gardens here ahead of the second and final Test against India.
"We are obviously playing good cricket at the moment. We are evolving and trying to dominate world cricket, we are still working towards it. Cricket is all about momentum and confidence. We have come from Johannesburg Test win as well as in Nagpur and we have won two Tests in a row," he added.
De Villiers sought to ignore the controversy surrounding the Eden pitch which the BCCI, apparently, had wanted to be tailor-made to suit their spinners.
"There is a little bit of grass on the wicket at this moment. I am pretty sure they will take off the grass in the next 48 hours. But it is up to the groundsman to decide, we have got no control at all," said the right-hander.
Asked about the return of a fit-again VVS Laxman in his happy-hunting ground at the Eden Gardens, de Villiers said, "He is a class player. He has performed really well in the last few years. We have got our plans and we are going to stick to that.
"But, we are focusing on our game and on our strengths. We are not too worried about them (India). Obviously, they are a good side but we are not too worried about our opponents."
He, however, reckoned that India would come out with all guns blazing after the humiliating innings defeat in the first Test at Nagpur.
"It's going to be great challenge here at Eden Gardens and I am sure India will fight back. But our team spirit is great (following the win in Nagpur). We are really enjoying the mood in the camp. Our focus is to win a Test match in Eden Gardens," de Villiers said.
"We are sticking to our gameplan. There is no need to change when you are winning Test matches. The guys are playing pretty well and set at the momentum. We are focusing on our basics and our skills. We are pretty much ready to give the best shot."
Speaking highly of Eden Gardens, de Villiers said he was etching to play his first Test at the venue.
"It's an amazing experience to play cricket at Eden Gardens. It's one of the grounds that bring the best in you. MCG, Lord's, Eden Gardens come in one bracket. It is a special place to play Test cricket. My first Test here. The crowd here is too good and we are expecting a noisy match," he said.
On South Africa's interim coach Corrie van Zyl, who took over from Mickey Arhtur just before the series, de Villiers said, "It does not change much in the side. We still got the same gameplan and strategies. He has been very good in the first Test, we will see it here as well.
Modi gives ECB weeks time to alter county schedule
London:Refusing to change his stand, Champions League commissioner Lalit Modi has given England and Wales Cricket Board one weeks time to tweak its domestic schedule, failing which counties teams would miss out on a chance to play in this year's global Twenty20 event. Modi said it was the best he could offer ECB as the CLT20 is in no position to alter its dates.
"We need to know (ECB's decision) in the next week or so. If they don't come we will invite somebody else," Modi was quoted as saying by the Daily Telegraph.
"The idea is they come and I hope it doesn't get to that eventuality. I understand counties can't go around the ECB's back and we will not invite anybody without their board's permission.
"We have given them the opportunity to change it (the county season) and there is nothing more we can do. We hope the counties change their minds and advance it by a week but the international calendar is very hard to alter," he said.
On Wednesday Modi revealed that the second edition of Champions League would be held from September 10-26 this year. But the ECB was quick to express its reservations over the scheduling of the tournament as it coincide with the final two rounds of the English County Championship, the semi-finals and final of the Pro40 League and the ODI Series between England and Pakistan.
The ECB subsequently took up the matter with Modi, but their request to rework the tournament schedule fell on deaf ears.
MUMBAI: Shah Rukh Khan apologised for the controversy over the release of his film "My Name Is Khan" but made it clear the regret is not directed to Shiv Sena which threatened to halt the screening of his picture in this Bollywood heartland.
"i thank u all for this..apologise for giving stress over the last few days...& now truly know the meaning of being humbled.lov u all so much (sic)," tweeted the 44-year-old star shortly after several multiplexes who were initially reluctant went ahead with the screening of the keenly awaited film here.
Shah Rukh also said he was "humbled and overwhelmed" after the response from the public for his film.
In a bid to clarify that his regret in a tweet is not construed as directed at the Shiv Sena who have demanded that the superstar apologise for his remarks favouring inclusion of Pakistani players in IPL, Shah Rukh posted another message on the micro blogging website Twitter to say his apology is for his fans and no one else.
"whoa.. just hearing some media reports. just so that all know...wot i say here is for my fans across the world. thats all (sic)", wrote Kahn who has 1,31,435 followers on the website.
"i am humbled by this show of love & kindness. so dont know wot else to say. overwhelmed & promise will make india proud with my hard work. yipppeee !!!! ...in my work or words, i wholeheartedly regret...and i love u very very very very much. thank u thank u thank u," Khan tweeted after MNIK ran to full houses in Mumbai and elsewhere in the country.
"i realise today...i am just a film hero...u all in the theatres r the real deal. god feel so loved & humbled. hats off to all heroes," the actor added.
MNIK tickets go for 1,000 euros each at Berlin fest
BERLIN: The online tickets for Bollywood superstar Shah Rukh Khan’s ‘My Name is Khan’ were sold out in five seconds here.
People who phoned the Berlinale authorities five minutes after ticketing opened were told they were way too late.
The film’s tickets were auctioned on e-Bay for 1,000 euros (about Rs 60,000) each.
Fans had not slept all night to keep their places in the queue despite the minus temperature in Berlin. Those who arrived at 6 am were in tears.
Jenny Watkinson, assigned the ‘Shah Rukh Khan department’ in the International Relations office of Dieter Kosslick, Berlin film festival director, says, “I’ve never seen anything like it. This year it’s expected to be even bigger than in 2008 (during ‘Om Shanti Om’). The online tickets for ‘My Name is Khan’ were sold out in five seconds.”
The film premieres in Berlin on Friday with a red carpet at the prestigious Berlinale Palast theatre on Potsdamer Platz. Shah Rukh Khan, Kajol and Karan Johar are in Berlin for the premiere.
Obama targets outsourcers again, labels them tax evaders
WASHINGTON: American president Barack Obama has once again targeted American companies having their operations in India to save taxes back home and called such businesses tax evaders.
"If you are a business here, entirely located in the US, and investing in the US, and hiring workers in the US, you are paying a 35 per cent rate," Obama said in an interview to the business magazine Bloomberg Business Week.
"However,if you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the US; and that just doesn't seem entirely fair," he argued.
"The same is true where you have companies that have 90 per cent of their sales in the US, but are posting 90 per cent of their profits overseas. You get a sense there that the accountants have been busy," Obama said.
Home loans to be dearer; public sector banks to end teaser rate regime
MUMBAI: Home and auto loan customers will have to shell out more with several public sector banks including the State Bank, Punjab National Bank and Bank of India (BoI) deciding to end the concessional or limited period loan regime, popularly called teaser rates.
The public sector banks, which are offering low interest rates for the initial period of the loan to attract new customers, have decided not to extend the validity of their schemes beyond March. In certain cases, the schemes would be discontinued during the course of this month itself.
The country's largest lender State Bank chairman OP Bhatt had said recently that special home and auto loan schemes would continue only till the end of March. The SBI has been trying to attract more customers by offering home and auto loans as low as 8 per cent with a limited period offer.
As part of the special scheme under 'My home campaign,' the SBI has been offering home loans (up to Rs 5 lakh) at 8 per cent interest rate during the first five years of a 10-year loan.
For loans above Rs 5 lakh and up to Rs 50 lakh, the interest rate has been fixed at 8 per cent during the first year and 8.5 per cent during second and third years.
Bank of India executive director M Narendra said, "our scheme is valid till February. We may not continue the scheme post-February."
The scheme, he added, was launched for a limited period and the product has served the purpose.
Govt announces ToR on Telangana, TRS calls it betrayal
New Delhi: The high-level committee appointed by the Centre to go into the emotive issue of Telangana has also been asked to examine the option of a united Andhra Pradesh and given time till the end of the year to submit its report, prompting the proponents of the separate statehood to denounce it.
The seven-point terms of reference has mandated the committee headed by Justice (retd) B N Srikrishna to review the developments in Andhra Pradesh since its formation and their impact on the progress and development of the different regions of the state.
It will "examine the situation in the state of Andhra Pradesh with reference to the demand for a separate state of Telangana as well as the demand for maintaining the present status of a united Andhra Pradesh," the ToR said. The committee has been asked to submit its report by December 31 this year.
In Hyderabad, TRS chief K Chandrasekhar Rao, who has been spearheading the Telangana agitation, said, "The Centre has betrayed us once again". He directed all his party MPs, MLAs and MLCs to resign from their posts immediately in protest against the "betrayal".
The committee, constituted on February 3, will examine the impact of the recent developments in the state on the different sections of the people such as women, children, students, minorities, other backward classes, scheduled castes and scheduled tribes.
The committee includes Ranbir Singh, Abusaleh Shariff, Ravinder Kaur and former Home Secretary Vinod K Duggal as member-secretary.
Justice B N Srikrishna is a retired Judge of the Supreme Court. While Ranbir Singh is the Vice Chancellor of National Law University, Delhi, Abusaleh Shariff is the Senior Research Fellow at International Food Policy Research Institute, Delhi.
Ravinder Kaur is professor, Department of Humanities and Social Sciences, IIT, Delhi.
The terms of reference said the committee will "identify the key issues that must be addressed while considering the matter".
It said the panel "will consult all sections of the people, especially the political parties, on the aforesaid matters and elicit their views; to seek from the political parties and other organisations a range of solutions that would resolve the present difficult situation and promote the welfare of all sections of the people; to identify the optimal solutions for this purpose; and to recommend a plan of action and a road map".
The committee will consult other organisations of civil society such as industry, trade, trade unions, farmers' organisations, women's organisations and students' bodies on the specified matters and elicit their views with specific reference to the all round development of the different regions of the state and make any other suggestion or recommendation that the Committee may deem appropriate, the ToR said.
Both Andhra Pradesh Chief Minister K Rosaiah and TDP chief N Chandrababu Naidu, who were at a function together, said they would react after studying the ToR.
Business News
Maruti 800 sales to be discontinued in 13 cities
New Delhi: Maruti Suzuki, India's largest carmaker, has no plans to upgrade its lowest- priced Maruti 800 model to meet EURO IV emissions standards, Chairman R C Bhargava said on Friday.
Bhargava said sales of the model would be discontinued in 13 Indian cities from April.
Maruti is 54.2 per cent owned by Japan's Suzuki Motor Corp.
GSM subscriber base at 394.2 mn
New Delhi: The GSM operators together added 3.7 million new subscribers in January, taking the overall GSM subscriber base to 394.2 million with Bharti Airtel leading the front with 2.85 million.
Last month's GSM addition is marginally up from the December numbers when the operators had added 13.1 million.
Airtel is closely followed by Vodafone which added 2.7 new users, say the data released by GSM operators body COAI.
Total user base of Bharti Airtel soared to 121.7 million while that of Vodafone jumped to 94.14 million at the end of January.
Idea Cellular along with Spice Communications have added 2.27 million users taking it to a total 59.88 million, thus retaining its position as the third largest GSP operator.
However, BSNL is closing the gap with Idea. The state-run teleco has added 2.2 million new users last month taking its total subscriber base to 59.45 million.
Aircel has added 2 million new users, taking it user base to 33 million and MTNL added a mere 45,067 users taking its users base to 4.6 million.
The data do not contain the subscriber addition of TataDocomo, the GSM services of Tata Teleservices and Reliance Telecom.
New players like Uninor which launched services in seven circles across the country in December, has added 1.3 million new users last month.
Sports News
Vancouver: Cricket was cleared to pursue its bid to be included in future Games after the International Olympic Committee (IOC) rubberstamped the sport's recognition on Thursday.
Cricket, powerboating and sports climbing became the latest sports to be officially recognised by the IOC, a status necessary before launching a bid to become part of the Olympic programme.
"The session gave definite recognition to the three federations," IOC spokesman Mark Adams told reporters.
The three sports can now bid to join the 2020 Olympics as the programme is always determined seven years in advance.
Golf and rugby were latest inclusions in the 2016 Rio de Janeiro Games when an IOC session voted them in last year.
The decision about new sports for the 2020 Games will be taken at the IOC session in Buenos Aires in 2013 where the host country will also be picked.
Series win more important than No 1 position: de Villiers
Kolkata: South Africa are just a draw shy of reclaiming the world number one spot in Test cricket, but middle-order batsman A B de Villiers on Friday said the visiting team would cherish a series win more than the ICC rankings. He said the Proteas have the momentum with them and were focused on winning the series.
"We are not too worried about ICC rankings. Obviously, it would be nice to be number one Test side in the world, but our focus is to win series in India. We are here to play good brand of cricket," de Villiers told reporters after team practice at the Eden Gardens here ahead of the second and final Test against India.
"We are obviously playing good cricket at the moment. We are evolving and trying to dominate world cricket, we are still working towards it. Cricket is all about momentum and confidence. We have come from Johannesburg Test win as well as in Nagpur and we have won two Tests in a row," he added.
De Villiers sought to ignore the controversy surrounding the Eden pitch which the BCCI, apparently, had wanted to be tailor-made to suit their spinners.
"There is a little bit of grass on the wicket at this moment. I am pretty sure they will take off the grass in the next 48 hours. But it is up to the groundsman to decide, we have got no control at all," said the right-hander.
Asked about the return of a fit-again VVS Laxman in his happy-hunting ground at the Eden Gardens, de Villiers said, "He is a class player. He has performed really well in the last few years. We have got our plans and we are going to stick to that.
"But, we are focusing on our game and on our strengths. We are not too worried about them (India). Obviously, they are a good side but we are not too worried about our opponents."
He, however, reckoned that India would come out with all guns blazing after the humiliating innings defeat in the first Test at Nagpur.
"It's going to be great challenge here at Eden Gardens and I am sure India will fight back. But our team spirit is great (following the win in Nagpur). We are really enjoying the mood in the camp. Our focus is to win a Test match in Eden Gardens," de Villiers said.
"We are sticking to our gameplan. There is no need to change when you are winning Test matches. The guys are playing pretty well and set at the momentum. We are focusing on our basics and our skills. We are pretty much ready to give the best shot."
Speaking highly of Eden Gardens, de Villiers said he was etching to play his first Test at the venue.
"It's an amazing experience to play cricket at Eden Gardens. It's one of the grounds that bring the best in you. MCG, Lord's, Eden Gardens come in one bracket. It is a special place to play Test cricket. My first Test here. The crowd here is too good and we are expecting a noisy match," he said.
On South Africa's interim coach Corrie van Zyl, who took over from Mickey Arhtur just before the series, de Villiers said, "It does not change much in the side. We still got the same gameplan and strategies. He has been very good in the first Test, we will see it here as well.
Modi gives ECB weeks time to alter county schedule
London:Refusing to change his stand, Champions League commissioner Lalit Modi has given England and Wales Cricket Board one weeks time to tweak its domestic schedule, failing which counties teams would miss out on a chance to play in this year's global Twenty20 event. Modi said it was the best he could offer ECB as the CLT20 is in no position to alter its dates.
"We need to know (ECB's decision) in the next week or so. If they don't come we will invite somebody else," Modi was quoted as saying by the Daily Telegraph.
"The idea is they come and I hope it doesn't get to that eventuality. I understand counties can't go around the ECB's back and we will not invite anybody without their board's permission.
"We have given them the opportunity to change it (the county season) and there is nothing more we can do. We hope the counties change their minds and advance it by a week but the international calendar is very hard to alter," he said.
On Wednesday Modi revealed that the second edition of Champions League would be held from September 10-26 this year. But the ECB was quick to express its reservations over the scheduling of the tournament as it coincide with the final two rounds of the English County Championship, the semi-finals and final of the Pro40 League and the ODI Series between England and Pakistan.
The ECB subsequently took up the matter with Modi, but their request to rework the tournament schedule fell on deaf ears.
Wednesday, February 10, 2010
Latest News of India
Multiplexes resume bookings for MNIK after govt's assurance
MUMBAI: Multiplexes today reopened advance booking for Shah Rukh Khan's new film 'My Name Is Khan', a day after suspending it, following Maharashtra government's assurance to provide adequate security to cinema theatres here.
"Advance booking of 'My Name..' has started again after police intervened in the matter and ensured tight security to all theatres," Minister of State for Home Ramesh Bagwe told reporters.
Despite the government assurance of providing security to cinema halls screening the movie which releases on February 12, some multiplexes had closed advance bookings yesterday, fearing violent protest from Shiv Sena.
"As per law, compensation for damaging the properties (of theatres) would be sought from Sena, if required," Bagwe said.
Police have arrested over 1,200 Shiv Sainiks, some of them office-bearers, since yesterday after they stepped up protest against the film over the actor's 'Pakistan -players-for IPL-3' remarks last month.
Pawar can't escape specific responsibility on price rise: Cong
NEW DELHI: Maintaining that food inflation is "most provocative and harmful" for the common man, Congress on Wednesday said Agriculture Minister Sharad Pawar could not absolve himself of the primary responsibility for it.
"All inflation is anathema to the Congress-led UPA. Food inflation is most provocative and harmful. It needs priority attention", party spokesman Abhishek Singhvi told reporters.
While the responsibility is common, he said there was a "specific responsibility of a ministry in a collective context".
Seeking to point out that Pawar holds Agriculture and the concerned other Ministries regarding essential commodities, He said there is a "differential responsibility in the anonymous collective responsibility".
Singhvi steered clear of a question whether Pawar was giving strength to Shiv Sena by his meeting its chief Bal Thackeray. "I do not want to speculate on it".
The Congress statement came a day after NCP hit back at it for virtually holding Pawar responsible for spiralling food prices, saying it will be a "mockery" of the principle of collective responsibility of the Cabinet.
China's anti-ship missile not a threat: Navy chief
New Delhi: Dismissing China's anti-ship missile programme as a threat to Indian warships, Navy chief Admiral Nirmal Verma on Wednesday said it would be a difficult task to even spot the vessels in the vast expanse of high seas.
"Targeting ships at high seas is not an easy task or as simple as land warfare," Admiral Verma told reporters here on the sidelines of a seminar on aircraft carriers organised by the National Maritime Foundation here.
"There are hundreds and thousands of ships in the sea at any given time. It is extremely important to spot the ship before targeting it. There are limitations in terms of maritime reconnaissance and long-range searches," Verma said when asked about the threat posed by Chinese Anti-ship Ballistic Missile Programme.
He said it was "a complex problem" to use a conventional missile against a moving target at high seas.
Earlier, addressing the seminar, the Navy chief said aircraft carriers were expensive and there were questions on their affordability and survivability due to their large size while at sea.
"Some event talk about carrying out land-based missile attacks against an aircraft carrier. We must weigh this against the difficulties of targeting a mobile target out at sea," he said, noting that carriers can move 600 nautical miles a day, which translates into one million square nautical miles of ocean area which an adversary has to search.
Verma said this was a Herculean task for even the best of navies, satellite and aerial surveillance.
"Should an adversary manage to evade a plethora of air, surface and sub-surface escorts and be capable of hitting a carrier, sinking it or putting a carrier out of action is by no means easy," he said.
Drunk driver Nooriya tested positive for drugs: Police
MUMBAI: Nooriya Haveliwala, accused of drunk-driving and knocking a policeman and a man dead Jan 30, has tested positive for drugs and faces fresh charges under anti-narcotics laws, police said here Wednesday.
The medical reports of the 27-year-old woman's blood and urine samples tested positive for morphine and cannabis, Additional Police Commissioner (South) R.K. Padmanabhan told mediapersons.
He said the reports state that she tested positive but do not indicate the quantity of the drugs consumed.
Mumbai Police now plans to seek her custody at the next hearing Feb 16 and also slap her with Sec. 27 of the Narcotics Drugs & Psychotropic Substances (Prevention) Act, Padmanabhan added.
The section pertains to consumption of drugs and could attract a punishment of one-year imprisonment on that count.
Nooriya has already been charged with the offence of culpable homicide not amounting to murder which attracts a maximum of life imprisonment and the new developments will further strengthen the police case against her.
Incidentally, her breathalyzer test conducted by the police, which showed that she had consumed 457 mg of alcohol - nine times the permissible limits for driving - had been proved erroneous in a forensic test, which put her alcohol consumption content at only 144 mg.
The lower alcohol content in her body could have helped her secure bail, but the new report showing consumption of drugs would make it an uphill task.
Nooriya's medico father, Yusuf Haveliwala, had challenged the police claim and said that any person with that much quantity of alcohol would not be able to walk properly.
However, Nooriya was walking straight despite wearing high heels and he said that the breathalyzer readings could be wrong.
On the night of Jan 29, Nooriya had partied with friends at a flat in Malabar Hill area, then at a pub in Mumbai Central and then went to a wine shop to pick up more beer cans.
While driving her SUV Toyota CRV, she was sipping beer when it bumped into a taxi, a motorcycle and a police jeep at Marine Lines.
The motorcycle rider, Afzal M. (35) died on the spot, while sub-inspector Dinanath Shinde (40) died later at a hospital. Four other policemen suffered injuries in the accident.
Business News
Sensex sheds 120 pts on profit-booking
Mumbai: Snapping a three-day rally, the BSE benchmark index Sensex pared the early gains and shed 120 points at close on profit-selling by mostly funds.
The Sensex, which gained nearly 251 points in last three sessions, opened 99 points higher before ending 120.01 points down, or 0.75 per cent at 15,922.17, as funds sold heavily in blue-chips in the heavy machinery, PSUs, power, and banking counters on fears that government may withdraw a part of its stimulus package in the forthcoming budget.
However, the realty and consumer durables counters rose following reports that sale of building materials jumped 15 per cent in January, signaling continued economic growth.
The wide-based NSE index Nifty 50, too, lost 35.45points, or 0.74 per cent to 4,757.20, after touching a high of4,826.85.
The index had a 34 points gap-up opening on short-covering by speculators following a 1.52 per cent rally on the Wall Street after G-7 agreed to support the Eurozone nations facing sovereign debt crises.
Marketmen said the stocks are on a southward spiral on waning risk appetite among foreign investors and general investors seen booking profits at existing higher levels.
They also said the markets could not hold on to the early rally as soon after a strong opening the Asian indices stocks began to wear down. Also, the European indices were also only marginally up in their early morning trade.
Among the 30 Sensex stocks, 21 counters closed lower while nine ended with moderate gains. Brokers are of the view that the markets would move in a narrow range till the budget on Feb 26.
Economy to grow by 7.75 pct in FY10: FM
New Delhi: Referring to last year's economic survey projections that Indian economy could grow by 7.75 per cent this fiscal, Finance Minister Pranab Mukherjee said that the economic expansion is expected to be in the upper range of most predictions.
"The Economic Survey 2008-09 had indicated that the upper bound of growth in real GDP for the year 2009-10 could be around 7.75 per cent. With the latest GDP data on 2009-10 indicating 7.9 per cent growth in the second quarter, the growth outlook for the next two quarters and for the whole year is expected to be in the upper bound range of most predictions for the Indian economy," Mukherjee said at Consultative Committee meeting of the Colombo Plan.
The Finance Minister said that the Central Statistical Organisation in its advance estimate has projected the economy to grow by 7.2 per cent this fiscal.
Recently the Centre for Monitoring Indian Economy had forecast that the economy would grow at 7.75 per cent for this fiscal, while the Reserve Bank had pegged the GDP at 7.5 per cent.
The International Monetary fund has also said that the Indian economy is likely to grow at 7.75 per cent for the year 2009-10.
Govt talks fuel price hike with allies
New Delhi: The Union Cabinet is likely to discuss on Thursday a Petroleum Ministry proposal for freeing petrol prices from government control and a moderate increase in diesel, cooking gas and kerosene rates, ahead of which Oil Minister Murli Deora held consultations with key allies DMK and Trinamool Congress on the subject.
Deora met A Raja, Telecom Minister and senior leader of UPA's key ally, DMK, this morning and spoke over phone to Trinamool Congress leader and Railway Minister Mamata Banerjee explaining the "precarious" situation that PSU oil firms would find themselves in, if fuel prices were not hiked.
Sources said that both Raja as well as Banerjee were non-committal on the stand that their parties may take if the proposal of freeing petrol prices – that would lead to a price increase of Rs 4.72 a litre - comes before Cabinet tomorrow.
Already, opposition from key allies has seen Deora drop the proposal on freeing diesel prices that would have resulted in rates going up by Rs 2.33 a litre. However, there is now a move to hike diesel rates by at least Re one a litre. Deora may, however, bargain for an increase in LPG and kerosene rates although it would not be in the range of the steep Rs 100 per cylinder and Rs 6 a litre hike, respectively, suggested by the Kirit Parikh panel on fuel pricing reforms.
Sources said he may bargain for half of the increases suggested by the panel, but may settle at Rs 25 per cylinder hike in LPG rates and Re one a litre raise in kerosene prices. The Congress party core group, which includes UPA Chairperson Sonia Gandhi, will meet to vet the proposal before it goes to the Cabinet.
Deora refused to say what his ministry may propose to the Cabinet. "At the time of presentation of the Kirit Parikh Committee report (last week), I had said that we will process and present our view on it to the Cabinet in one week. We are ready (with comments on the report) and will submit it to the Cabinet..."
He refused to elaborate but gave enough hints that the ministry's view would incorporate the Congress party's stand that may evolve at the core group meeting.
The experts group, headed by former Planning Commission member Kirit Parikh, recommended deregulating of petrol and diesel prices, while raising kerosene and domestic LPG rates by Rs 6 per litre and Rs 100 per cylinder, respectively.
State-owned Indian Oil, Bharat Petroleum and Hindustan Petroleum sell fuel below cost on the orders of the government and expect a revenue loss of Rs 46,030 crore on that account this year. Of this, the government was meeting only Rs 12,000 crore, Deora explained to Raja and Banerjee.
Sources said Raja is believed to have told Deora that a position on the proposal will be taken by his party's leader M Karunanidhi.
Petrol is currently sold at a loss of Rs 4.72 a litre, diesel at Rs 2.33 per litre, kerosene at Rs 18.06 per litre and domestic LPG at a discount of Rs 287.59 per cylinder.
In case the government went for only marginal price hikes, the Cabinet will also have to decide on how the remainder of the revenue loss would be met. At present, the government does not allow state-running fuel retailers to fix petrol, diesel, kerosene and LPG prices in line with international cost, resulting in huge revenue losses for the companies and subsidy burden on government.
Sports News
You can fire me but selection was not an issue: Srikkanth
New Delhi: Rejecting suggestions that selection goof-ups led to India's humiliating defeat in the first Test against South Africa, chairman of selectors Kris Srikkanth on Wednesday said he is still ready to face the sack if held responsible for the debacle.
India lost the match by an innings and six runs yesterday and former players and critics felt the team desperately missed a specialist batsman in the absence of the injured duo of Rahul Dravid and VVS Laxman.
Laxman's cover Rohit Sharma injured himself just minutes before the toss, forcing the selection of rookie Wriddhiman Saha, who was initially picked in the squad as a reserve wicketkeeper.
But Srikkanth refuted the criticism, saying that the selectors could not be held responsible if a reserve batsman also ends up on the injured list on the morning of the match.
"The whole thing would not have blown up had Rohit played. The questions that are being raised are about Saha's selection. He is actually a wicketkeeper who can bat a bit. But he proved himself well in the match," Srikkanth said.
"As the chairman of the selection panel, I am willing to own up responsibility. It's a lesson learnt and from now on, we will not select players who are not 100 per cent fit," he said, referring to Laxman's selection in the squad despite the uncertainty over his availability ahead of the match.
"It's a team game and individuals cannot be blamed. You can blame the selectors. You can fire me, I would accept it gracefully. But let's admit that South Africa played really well. We should accept defeat gracefully and move on," said Srikkanth. Srikkanth insisted that the team selected was the best available given the injury list.
"I don't think selection was an issue. It's like if the team wins, all is fine but if it loses then everybody blames the selectors. I am not shying away from the responsibility. Whatever happened on the first morning of the match was freakish. If a player gets injured just 15 minutes before the toss, I don't think you can blame anyone," he said.
"In hindsight, we didn't have Rahul (Dravid), who is a fantastic player of fast bowling. Laxman was injured... we were hopeful of his recovery but unfortunately that didn't happen and then Rohit got injured. So, I would say it was fate," he added.
Srikkanth said despite the Nagpur debacle, which has left India trailing 0-1 in the two-match series, the home side was quite capable of bouncing back in the Kolkata Test starting on Sunday.
"The team is good. Laxman will definitely be back for Kolkata and that will bolster the batting. I am sure our team will fight back. Winning and losing are part and parcel of cricket," he said.
Gambhir still No. 1 batsman, Harbhajan drops out of top 10
Dubai:Indian opener Gautam Gambhir continued to top Test batsmen rankings despite a poor show in first Test against South Africa while off-spinner Harbhajan Singh dropped out of top 10 among bowlers in the ICC chart released on Wednesday
Gambhir, who scored just 13 in the first Test in Nagpur, remained world's top batsman with 840 points, ahead of Sri Lankan duo of Mahela Jayawardene (836) and Kumar Sangakkara (835). Virender Sehwag and Sachin Tendulkar, who both scored centuries in Nagpur, are the other Indians to feature in the top 10 at sixth and ninth places respectively. By virtue of their exploits in Nagpur, South African pair of Jacques Kallis and Hashim Amla have made big upward movements in the latest batting chart.
Kallis, who scored his 34th Test century during the match, has returned to the top five by gaining four places to sit in fourth position ahead of his captain Graeme Smith, who slipped three places to fifth. Amla, meanwhile, broke into the top 10 for the first time in his career with the help of his magnificent unbeaten 253 in the first innings, which set up South Africa's victory against India yesterday by an innings and six runs.
In the ICC Players' Rankings for Test bowlers, India's pace spearhead Zaheer Khan is static at the sixth spot while Harbhajan, who took two wickets for 166 in Nagpur, dropped four places to find himself at 12th.
Boycott IPL if Hyderabad games shifted out: AP govt to Deccan
Hyderabad: Furious at the Indian Premier League for shifting its opening match out of the city, the state government on Wednesday asked local team Deccan Chargers to boycott the Twenty20 event if the organisers don't stick to the orginal schedule.
Andhra Pradesh Sports Minister K Venkat Reddy said he and Chief Minister K Rosaiah on Wednesday sent letters to Union Agriculture Minister and former BCCI chief Sharad Pawar urging him to ensure that the opening match is held here as per the original schedule. The IPL starts on March 12 with Deccan Chargers taking on Kolkata Knight Riders in Mumbai. "We have asked Deccan Chargers to stay away from the event as an expression of solidarity and send the message that the whole state is united in demanding relocation of the (inaugural) match," said Reddy.
"I spoke to Deccan Chargers and they said they will get back to us, may be by tomorrow," he said. "They have insulted Andhra Pradesh by shifting out the match to Mumbai. In fact, Hyderabad is more suited to host the match than Mumbai," Reddy said. The government has demanded that the Indian Premier League's opening match should be held in the city as originally scheduled.
MUMBAI: Multiplexes today reopened advance booking for Shah Rukh Khan's new film 'My Name Is Khan', a day after suspending it, following Maharashtra government's assurance to provide adequate security to cinema theatres here.
"Advance booking of 'My Name..' has started again after police intervened in the matter and ensured tight security to all theatres," Minister of State for Home Ramesh Bagwe told reporters.
Despite the government assurance of providing security to cinema halls screening the movie which releases on February 12, some multiplexes had closed advance bookings yesterday, fearing violent protest from Shiv Sena.
"As per law, compensation for damaging the properties (of theatres) would be sought from Sena, if required," Bagwe said.
Police have arrested over 1,200 Shiv Sainiks, some of them office-bearers, since yesterday after they stepped up protest against the film over the actor's 'Pakistan -players-for IPL-3' remarks last month.
Pawar can't escape specific responsibility on price rise: Cong
NEW DELHI: Maintaining that food inflation is "most provocative and harmful" for the common man, Congress on Wednesday said Agriculture Minister Sharad Pawar could not absolve himself of the primary responsibility for it.
"All inflation is anathema to the Congress-led UPA. Food inflation is most provocative and harmful. It needs priority attention", party spokesman Abhishek Singhvi told reporters.
While the responsibility is common, he said there was a "specific responsibility of a ministry in a collective context".
Seeking to point out that Pawar holds Agriculture and the concerned other Ministries regarding essential commodities, He said there is a "differential responsibility in the anonymous collective responsibility".
Singhvi steered clear of a question whether Pawar was giving strength to Shiv Sena by his meeting its chief Bal Thackeray. "I do not want to speculate on it".
The Congress statement came a day after NCP hit back at it for virtually holding Pawar responsible for spiralling food prices, saying it will be a "mockery" of the principle of collective responsibility of the Cabinet.
China's anti-ship missile not a threat: Navy chief
New Delhi: Dismissing China's anti-ship missile programme as a threat to Indian warships, Navy chief Admiral Nirmal Verma on Wednesday said it would be a difficult task to even spot the vessels in the vast expanse of high seas.
"Targeting ships at high seas is not an easy task or as simple as land warfare," Admiral Verma told reporters here on the sidelines of a seminar on aircraft carriers organised by the National Maritime Foundation here.
"There are hundreds and thousands of ships in the sea at any given time. It is extremely important to spot the ship before targeting it. There are limitations in terms of maritime reconnaissance and long-range searches," Verma said when asked about the threat posed by Chinese Anti-ship Ballistic Missile Programme.
He said it was "a complex problem" to use a conventional missile against a moving target at high seas.
Earlier, addressing the seminar, the Navy chief said aircraft carriers were expensive and there were questions on their affordability and survivability due to their large size while at sea.
"Some event talk about carrying out land-based missile attacks against an aircraft carrier. We must weigh this against the difficulties of targeting a mobile target out at sea," he said, noting that carriers can move 600 nautical miles a day, which translates into one million square nautical miles of ocean area which an adversary has to search.
Verma said this was a Herculean task for even the best of navies, satellite and aerial surveillance.
"Should an adversary manage to evade a plethora of air, surface and sub-surface escorts and be capable of hitting a carrier, sinking it or putting a carrier out of action is by no means easy," he said.
Drunk driver Nooriya tested positive for drugs: Police
MUMBAI: Nooriya Haveliwala, accused of drunk-driving and knocking a policeman and a man dead Jan 30, has tested positive for drugs and faces fresh charges under anti-narcotics laws, police said here Wednesday.
The medical reports of the 27-year-old woman's blood and urine samples tested positive for morphine and cannabis, Additional Police Commissioner (South) R.K. Padmanabhan told mediapersons.
He said the reports state that she tested positive but do not indicate the quantity of the drugs consumed.
Mumbai Police now plans to seek her custody at the next hearing Feb 16 and also slap her with Sec. 27 of the Narcotics Drugs & Psychotropic Substances (Prevention) Act, Padmanabhan added.
The section pertains to consumption of drugs and could attract a punishment of one-year imprisonment on that count.
Nooriya has already been charged with the offence of culpable homicide not amounting to murder which attracts a maximum of life imprisonment and the new developments will further strengthen the police case against her.
Incidentally, her breathalyzer test conducted by the police, which showed that she had consumed 457 mg of alcohol - nine times the permissible limits for driving - had been proved erroneous in a forensic test, which put her alcohol consumption content at only 144 mg.
The lower alcohol content in her body could have helped her secure bail, but the new report showing consumption of drugs would make it an uphill task.
Nooriya's medico father, Yusuf Haveliwala, had challenged the police claim and said that any person with that much quantity of alcohol would not be able to walk properly.
However, Nooriya was walking straight despite wearing high heels and he said that the breathalyzer readings could be wrong.
On the night of Jan 29, Nooriya had partied with friends at a flat in Malabar Hill area, then at a pub in Mumbai Central and then went to a wine shop to pick up more beer cans.
While driving her SUV Toyota CRV, she was sipping beer when it bumped into a taxi, a motorcycle and a police jeep at Marine Lines.
The motorcycle rider, Afzal M. (35) died on the spot, while sub-inspector Dinanath Shinde (40) died later at a hospital. Four other policemen suffered injuries in the accident.
Business News
Sensex sheds 120 pts on profit-booking
Mumbai: Snapping a three-day rally, the BSE benchmark index Sensex pared the early gains and shed 120 points at close on profit-selling by mostly funds.
The Sensex, which gained nearly 251 points in last three sessions, opened 99 points higher before ending 120.01 points down, or 0.75 per cent at 15,922.17, as funds sold heavily in blue-chips in the heavy machinery, PSUs, power, and banking counters on fears that government may withdraw a part of its stimulus package in the forthcoming budget.
However, the realty and consumer durables counters rose following reports that sale of building materials jumped 15 per cent in January, signaling continued economic growth.
The wide-based NSE index Nifty 50, too, lost 35.45points, or 0.74 per cent to 4,757.20, after touching a high of4,826.85.
The index had a 34 points gap-up opening on short-covering by speculators following a 1.52 per cent rally on the Wall Street after G-7 agreed to support the Eurozone nations facing sovereign debt crises.
Marketmen said the stocks are on a southward spiral on waning risk appetite among foreign investors and general investors seen booking profits at existing higher levels.
They also said the markets could not hold on to the early rally as soon after a strong opening the Asian indices stocks began to wear down. Also, the European indices were also only marginally up in their early morning trade.
Among the 30 Sensex stocks, 21 counters closed lower while nine ended with moderate gains. Brokers are of the view that the markets would move in a narrow range till the budget on Feb 26.
Economy to grow by 7.75 pct in FY10: FM
New Delhi: Referring to last year's economic survey projections that Indian economy could grow by 7.75 per cent this fiscal, Finance Minister Pranab Mukherjee said that the economic expansion is expected to be in the upper range of most predictions.
"The Economic Survey 2008-09 had indicated that the upper bound of growth in real GDP for the year 2009-10 could be around 7.75 per cent. With the latest GDP data on 2009-10 indicating 7.9 per cent growth in the second quarter, the growth outlook for the next two quarters and for the whole year is expected to be in the upper bound range of most predictions for the Indian economy," Mukherjee said at Consultative Committee meeting of the Colombo Plan.
The Finance Minister said that the Central Statistical Organisation in its advance estimate has projected the economy to grow by 7.2 per cent this fiscal.
Recently the Centre for Monitoring Indian Economy had forecast that the economy would grow at 7.75 per cent for this fiscal, while the Reserve Bank had pegged the GDP at 7.5 per cent.
The International Monetary fund has also said that the Indian economy is likely to grow at 7.75 per cent for the year 2009-10.
Govt talks fuel price hike with allies
New Delhi: The Union Cabinet is likely to discuss on Thursday a Petroleum Ministry proposal for freeing petrol prices from government control and a moderate increase in diesel, cooking gas and kerosene rates, ahead of which Oil Minister Murli Deora held consultations with key allies DMK and Trinamool Congress on the subject.
Deora met A Raja, Telecom Minister and senior leader of UPA's key ally, DMK, this morning and spoke over phone to Trinamool Congress leader and Railway Minister Mamata Banerjee explaining the "precarious" situation that PSU oil firms would find themselves in, if fuel prices were not hiked.
Sources said that both Raja as well as Banerjee were non-committal on the stand that their parties may take if the proposal of freeing petrol prices – that would lead to a price increase of Rs 4.72 a litre - comes before Cabinet tomorrow.
Already, opposition from key allies has seen Deora drop the proposal on freeing diesel prices that would have resulted in rates going up by Rs 2.33 a litre. However, there is now a move to hike diesel rates by at least Re one a litre. Deora may, however, bargain for an increase in LPG and kerosene rates although it would not be in the range of the steep Rs 100 per cylinder and Rs 6 a litre hike, respectively, suggested by the Kirit Parikh panel on fuel pricing reforms.
Sources said he may bargain for half of the increases suggested by the panel, but may settle at Rs 25 per cylinder hike in LPG rates and Re one a litre raise in kerosene prices. The Congress party core group, which includes UPA Chairperson Sonia Gandhi, will meet to vet the proposal before it goes to the Cabinet.
Deora refused to say what his ministry may propose to the Cabinet. "At the time of presentation of the Kirit Parikh Committee report (last week), I had said that we will process and present our view on it to the Cabinet in one week. We are ready (with comments on the report) and will submit it to the Cabinet..."
He refused to elaborate but gave enough hints that the ministry's view would incorporate the Congress party's stand that may evolve at the core group meeting.
The experts group, headed by former Planning Commission member Kirit Parikh, recommended deregulating of petrol and diesel prices, while raising kerosene and domestic LPG rates by Rs 6 per litre and Rs 100 per cylinder, respectively.
State-owned Indian Oil, Bharat Petroleum and Hindustan Petroleum sell fuel below cost on the orders of the government and expect a revenue loss of Rs 46,030 crore on that account this year. Of this, the government was meeting only Rs 12,000 crore, Deora explained to Raja and Banerjee.
Sources said Raja is believed to have told Deora that a position on the proposal will be taken by his party's leader M Karunanidhi.
Petrol is currently sold at a loss of Rs 4.72 a litre, diesel at Rs 2.33 per litre, kerosene at Rs 18.06 per litre and domestic LPG at a discount of Rs 287.59 per cylinder.
In case the government went for only marginal price hikes, the Cabinet will also have to decide on how the remainder of the revenue loss would be met. At present, the government does not allow state-running fuel retailers to fix petrol, diesel, kerosene and LPG prices in line with international cost, resulting in huge revenue losses for the companies and subsidy burden on government.
Sports News
You can fire me but selection was not an issue: Srikkanth
New Delhi: Rejecting suggestions that selection goof-ups led to India's humiliating defeat in the first Test against South Africa, chairman of selectors Kris Srikkanth on Wednesday said he is still ready to face the sack if held responsible for the debacle.
India lost the match by an innings and six runs yesterday and former players and critics felt the team desperately missed a specialist batsman in the absence of the injured duo of Rahul Dravid and VVS Laxman.
Laxman's cover Rohit Sharma injured himself just minutes before the toss, forcing the selection of rookie Wriddhiman Saha, who was initially picked in the squad as a reserve wicketkeeper.
But Srikkanth refuted the criticism, saying that the selectors could not be held responsible if a reserve batsman also ends up on the injured list on the morning of the match.
"The whole thing would not have blown up had Rohit played. The questions that are being raised are about Saha's selection. He is actually a wicketkeeper who can bat a bit. But he proved himself well in the match," Srikkanth said.
"As the chairman of the selection panel, I am willing to own up responsibility. It's a lesson learnt and from now on, we will not select players who are not 100 per cent fit," he said, referring to Laxman's selection in the squad despite the uncertainty over his availability ahead of the match.
"It's a team game and individuals cannot be blamed. You can blame the selectors. You can fire me, I would accept it gracefully. But let's admit that South Africa played really well. We should accept defeat gracefully and move on," said Srikkanth. Srikkanth insisted that the team selected was the best available given the injury list.
"I don't think selection was an issue. It's like if the team wins, all is fine but if it loses then everybody blames the selectors. I am not shying away from the responsibility. Whatever happened on the first morning of the match was freakish. If a player gets injured just 15 minutes before the toss, I don't think you can blame anyone," he said.
"In hindsight, we didn't have Rahul (Dravid), who is a fantastic player of fast bowling. Laxman was injured... we were hopeful of his recovery but unfortunately that didn't happen and then Rohit got injured. So, I would say it was fate," he added.
Srikkanth said despite the Nagpur debacle, which has left India trailing 0-1 in the two-match series, the home side was quite capable of bouncing back in the Kolkata Test starting on Sunday.
"The team is good. Laxman will definitely be back for Kolkata and that will bolster the batting. I am sure our team will fight back. Winning and losing are part and parcel of cricket," he said.
Gambhir still No. 1 batsman, Harbhajan drops out of top 10
Dubai:Indian opener Gautam Gambhir continued to top Test batsmen rankings despite a poor show in first Test against South Africa while off-spinner Harbhajan Singh dropped out of top 10 among bowlers in the ICC chart released on Wednesday
Gambhir, who scored just 13 in the first Test in Nagpur, remained world's top batsman with 840 points, ahead of Sri Lankan duo of Mahela Jayawardene (836) and Kumar Sangakkara (835). Virender Sehwag and Sachin Tendulkar, who both scored centuries in Nagpur, are the other Indians to feature in the top 10 at sixth and ninth places respectively. By virtue of their exploits in Nagpur, South African pair of Jacques Kallis and Hashim Amla have made big upward movements in the latest batting chart.
Kallis, who scored his 34th Test century during the match, has returned to the top five by gaining four places to sit in fourth position ahead of his captain Graeme Smith, who slipped three places to fifth. Amla, meanwhile, broke into the top 10 for the first time in his career with the help of his magnificent unbeaten 253 in the first innings, which set up South Africa's victory against India yesterday by an innings and six runs.
In the ICC Players' Rankings for Test bowlers, India's pace spearhead Zaheer Khan is static at the sixth spot while Harbhajan, who took two wickets for 166 in Nagpur, dropped four places to find himself at 12th.
Boycott IPL if Hyderabad games shifted out: AP govt to Deccan
Hyderabad: Furious at the Indian Premier League for shifting its opening match out of the city, the state government on Wednesday asked local team Deccan Chargers to boycott the Twenty20 event if the organisers don't stick to the orginal schedule.
Andhra Pradesh Sports Minister K Venkat Reddy said he and Chief Minister K Rosaiah on Wednesday sent letters to Union Agriculture Minister and former BCCI chief Sharad Pawar urging him to ensure that the opening match is held here as per the original schedule. The IPL starts on March 12 with Deccan Chargers taking on Kolkata Knight Riders in Mumbai. "We have asked Deccan Chargers to stay away from the event as an expression of solidarity and send the message that the whole state is united in demanding relocation of the (inaugural) match," said Reddy.
"I spoke to Deccan Chargers and they said they will get back to us, may be by tomorrow," he said. "They have insulted Andhra Pradesh by shifting out the match to Mumbai. In fact, Hyderabad is more suited to host the match than Mumbai," Reddy said. The government has demanded that the Indian Premier League's opening match should be held in the city as originally scheduled.
Tuesday, February 9, 2010
Indian Latest News
Sena activists vandalise Mumbai theatres; 46 sainiks held
Mumbai: Shiv Sena activists held for demonstrations outside theatres in eastern suburbs against Shah Rukh Khan's upcoming film 'My Name is Khan', prompting the police to arrest 46 troublemakers.
At Mulund area, the glasses of Mehul cinema were broken after one of the protesters pelted stones, police said adding that several gathered outside Huma Cinema at Kanjurmarg and R-City Mall at Ghatkopar area, shouting slogans against Khan and the movie, scheduled to be released on February 12.
"We have arrested 46 Shiv Sena activists protesting outside the theatres. More arrests are likely," Additional Police Commissioner (East) Ritesh Kumar said.
The protesters threatened the theatre owners to stop the advance bookings or face the severe consequences. The Sena activists were booked for unlawful assembly, rioting and further probe was on, police said.
The Sena had threatened to stall the screening of the film, protesting Khan's support for inclusion of Pakistani players in the upcoming IPL but party supremo Bal Thackeray later said that the film's release will not be disrupted.
Earlier today, Karan Johar, director and co-producer of film, met City Police Commissioner D Sivanandhan to discuss the security issues ahead of the movie's release.
Govt says no to Bt Brinjal for now
NEW DELHI: Facing intense opposition from within and outside, the government refused to give a go-ahead to commercial cultivation of Bt Brinjal,a genetically-modified version of the vegetable that is said to be more resistant to pests.
Announcing a cautious approach of the government, Environment and Forests minister Jairam Ramesh said there was "no clear consensus" among the scientists and stake-holders on giving permission to Bt Brinjal and more studies needed to be conducted.
"There is no over-riding urgency to introduce it... When the public sentiments have been negative, it is my duty to adopt a cautious, precautionary and principle-based approach," he told a hurriedly-called press conference which was originally scheduled for tomorrow.
"I will not impose a decision till such time independent scientific studies establish safety of the product from long-term view of human health," Ramesh said.
He said it was a difficult decision to take but he had to balance many issues of science and society and producer and consumer.
However, he made it clear that today's decision applied only to Bt Brinjal and does not cover future of genetically-modified crops, be it ladyfinger, cabbage or rice.
Ramesh's decision came after a series of public consultations in seven cities across the country that often turned acrimonious. A number of state governments, including Congress-ruled Andhra Pradesh, have publicly opposed the introduction of Bt Brinjal.
Agni III doesn't pose threat, we share friendly relations with India: China
BEIJING: Describing its ties with India as "friendly and cooperative," China today said both countries did not pose mutual threat.
Dismissing reports that India's nuclear-capable Agni-III missile, which has a range of 3,500 km posed a threat to China, Foreign Ministry spokesman Ma Zhaoxu said China and India shared friendly and cooperative relations.
"I don't want to interpret or comment on the reports," Ma said when asked to comment on the February seven launch of Agni-III which put China's major cities within its strike range.
"The China-India relation is friendly and cooperative. China will not be a threat to India, and nor will India pose a threat to China," Ma was quoted as saying by state-run Xinhua news agency.
Chinese Foreign Ministry spokesman Ma Zhaoxu refused to comment on the reports at a regular news briefing, only saying that China-India relations maintain their good momentum.
"Bilateral ties will move forward with the joint effort of both countries," he said.
Chidambaram renews offer of talks with Naxals
Kolkata: After a meeting of four naxal-affected states, the Centre on Tuesday said it was ready to hold talks with the Maoists if they "halt" violence.
"My appeal to all the naxals on behalf of all the chief ministers who participated in the conference two days ago, on behalf of naxal affected states, if you abjure violence that is if you say a halt to violence, we are not asking you to do anything more, if you halt the violence we are prepared to talk to you on any matter," Home Minister P Chidambaram said.
He was talking to reporters after a meeting of chief minister of Naxal-affected states which was not attended by chief ministers of Bihar and Jharkhand Nitish Kumar and Shibu Soren respectively.
Kumar told reporters in Patna that he could not be away from Patna for long and today is the scheduled day for the state cabinet to meet. Soren, who had cited illness for not attending the meeting, had deputed his two deputy chief ministers.
Against the backdrop of reports that Kumar kept away at the instance of Railway Minister Mamata Banerjee, Chidambaram sought to play down his absence.
He said Kumar had told him in Delhi on Sunday that he had some prior commitment and that he may not be able to attend the Kolkata meeting. "His senior officials are here.
Either I can go to Patna or he can go to Delhi (to discuss Maoist issues). That is not an issue," Chidambaram said.
On the naxal issue, the Home Minister said the "condition" is Maoist should "halt" violence. “Unfortunately, past appeals have been spurned. Therefore, we are obliged to continue the operations as long as naxals indulge in violence. These operations will continue and I am confident that further progress will be made in next six months”, Chidambaram said. “We made it very clear that the purpose of these operations is not to kill anyone. They are our own people. We care for them, we care for their lives”, he said.
The meeting, convened by the Union Home Minister, to help states to coordinate their campaign against Naxals, began an hour behind schedule as Orissa Chief Minister Naveen Patnaik arrived late. The meeting was attended by West Bengal Chief Minister Buddhadeb Bhattacharjee.
“Use of force alone will not solve the problem. We all agree on that. But in order to put an end to violence and re-establish civil administration, it is necessary to use force”, he said when asked about the Bihar Chief Minister's contention that the Maoist problem could not be solved by use of force. “The government must continue operations against Maoists in a careful, calibrated and controlled way if Maoists do not halt violence”, he said.
Race motive clear in some attacks, admits Oz FM
Under mounting pressure over attacks on Indians, Australia on Tuesday acknowledged that some of the recent violence against them had clearly been "racially motivated" and vowed to "punish the culprits with the full force of law".
Stating that the attacks had "considerably damaged" the nation's reputation, Australian Foreign Minister Stephen Smith told the Parliament that "if any of these attacks have been racist in nature - and it seems clear that some of them have - they will be punished with the full force of law".
Smith said the attacks which have included robberies and beatings are "inexcusable" and were being taken very seriously by the government.
The foreign minister intervened on the matter after the government came in for a sharp attack from the opposition which accused the Victorian government of failing to tackle the racist attacks on Indians.
Even Prime Minister Kevin Rudd said that he was worried over the narration by his Asian-origin son-in-law of racisms in Australia. Rudd said that his government's efforts were aimed at improving safety of foreign students who worked late at night.
Leaders and officials in Australian had earlier down played racism as a motive for attacks on Indians which have triggered outrage in India. Smith's remarks came just ahead of Indian High Commissioner Sujatha Singh's visit to New Delhi to brief the government on the steps taken by Australia to prevent attacks on Indians. Singh is excepted to be in New Delhi this week.
Describing the attacks as "contemptible", Smith said these had cast a long shadow over relationship and ties with India and said these were an "affront to our values and are anathema to a view of modern Australia."
Giving an update on the issue, the minister said, "we need to accept that it has considerably damaged Australia's reputation in India and among the Indian people. Indeed, it has widely been noticed beyond India and South Asia."
Offering condolences to the families of Indians attacked in Australia, Smith told the lawmakers that repairing the damage to the country's image was an "essential priority."
The foreign minister assured that India "was in the front rank" of nations in Australia's international partnership and was fast emerging as nation's third biggest export market behind China and Japan.
The two way trade between the two countries was nearly 22 billion Australian dollars last year, registering a quantum jump of 55 per cent. And a number of Indian companies were showing great interest in investing in Australia not only in mineral resources but agriculture and IT.
Addressing the Indian nationals in his country, Smith said, "we will continue to do our utmost to ensure that the children, Indian parents have entrusted to our care, remain safe and go back home with first class education." According to local estimates, there are 450,000 Indians living in Australia out of which 120,000 are students.
Referring to these figures, Smith said the government had "zero-tolerance" for racism and pointed out that 45 people had so far been arrested for crime against Indians.
He said it was regrettable that many Indian students in Australia, in particular Melbourne, found themselves in a higher risk profile for crime because they work in late night shifts in occupations like taxi driving and live near high crime neighbourhoods.
Business News
IT rally helps Sensex close above 16K
A rally in the IT and PSU counters aided the benchmark index Sensex record gains for the third consecutive day and close above the psychological 16,000-mark by adding 107 points on Tuesday, amid positive global cues following easing of the sovereign debt worries in the Eurozone region.
The 30-share BSE barometer touched a low of 15,862.90 at opening shedding 71 points, but gradually moved up and remained in the green for the rest of the day and hit a high of 16,087.83 before closing at 16,042.18, a rise of 105.57 points or 0.67 per cent over its previous close.
IT stocks were at the forefront on bargain hunting after the recent crash while PSU stocks too saw good buying support.
Marketmen said the IT rally was driven by the easing of sovereign debt crisis in Greece, Spain and Portugal, which had sent the global markets into a tizzy last week.
The BSE IT index surged 2.52 per cent to 4,972.64 points and the rally was led by Infosys with a gain of 2.92 per cent or Rs 70.15 to Rs 2,470.90, Wipro by 2.49 per cent or Rs 15.85 to Rs 652.45 and TCS by Rs 10.40 to Rs 734.20. The domestic IT exporters get a third of their sales from Europe.
SMC Capital vice-president Rajesh Jain said, "the markets witnessed a counter-rally and short-covering to end in the green. Positive cues from Asia and Europe also helped."
However, realty counters suffered a sharp setback on profit-selling on fears of a hike in interest rate following rising inflation and a better-than-expected GDP growth, which would pressurise RBI to further tighten money supply.
Brokers attributed early weakness to a severe setback on the Wall Street overnight with the Dow Jones Industrial Average sliding by 104 points and closing below 10,000-mark.
However, firm Asian markets helped the recovery in the domestic bourses. All the key indices, barring the Nikkei, which ended flat, like Shanghai, Hang Seng, Strait, Kospi and Taiwan closed with gains.
European markets too resumed better today. The CAC was up by 0.28 per cent, the DAX by 0.48 per cent and FTST by 0.60 per cent.
Brokers said fresh selling by funds in heavy-weight stocks mainly led to fall in the stock prices in the first half. Also though Asia and Europe were in the green, the sentiment was not so strong, hence our markets too could not hold on to higher levels, they added.
The 50-issue Nifty of the NSE also rose by another 32.25 points or 0.68 per cent to close at 4,792.65 after touching the psychological 5800 market many times intraday. This is the third successive gain for both the indices.
With the buying activity picking up, barring realty which dipped by dipped by 40.34 points or 1.21 per cent and oil & gas sector which fell 0.23 per cent, all BSE sectoral indices ended in the green. And among the Sensex stocks, 19 ended higher, while 11 declined with moderate to deep losses.
From the BSE sectoral indices, the IT spurted by 122.01 points or 2.52 per cent, Tech rallied by 2.09 per cent, and the PSU by 153.59 points or 1.67 per cent.
China is now world's largest exporter
Berlin:China has zipped past Germany as the world's largest exporter after German exports slumped 18.4 per cent in 2009, the sharpest fall since 1950.
Germany's exports last year fell 18.4 per cent from the previous year to 803.2 billion euros, or USD 1,121.3 billion, allowing China with exports of USD 1,201.6 billion to replace the biggest European economy as the world's largest exporter for the first time.
Germany, which had remained the largest exporter since 2003, logged the heavy export drop due to the financial crisis in 2009, Kyodo news agency reported, quoting official trade figures released on Monday.
China has become the world's production base as major Japanese, U.S. and European companies have built manufacturing plants in the communist nation.
China also replaced the United States in domestic new vehicle sales in 2009 and is expected to become the world's second-largest economic power in terms of gross domestic product in place of Japan this year, the report said.
Sports News
India crash to innings defeat against Proteas
Nagpur:Sachin Tendulkar's defiant ton merely delayed the inevitable as India crashed to a humiliating innings and six runs defeat against South Africa in the first cricket Test in Nagpur on Tuesday.
The miracle that India needed to save the match did not happen and even though Tendulkar (100) starred in two brief partnerships and the tail wagged for a while too, it was not enough to avert what was Mahendra Singh Dhoni's first Test defeat as captain that came with full one day to spare.
Following on, the home side that resumed on 66 for two this morning, folded for 319 in their second essay to allow South Africa to take a 1-0 lead in the two-match series.
Down the order, Wriddhiman Saha (36), Harbhajan Singh (39) and Zaheer Khan (33) showed the kind of grit that was missing in most of their frontline batting colleagues.
India will now have to win the next match in Kolkata, starting on Sunday, failing which they would surrender the number one Test team's tag to the South Africans.
The defeat also exposed the batting frailties of the home side which sorely missed veterans Rahul Dravid and VVS Laxman, both recovering from injuries, in the middle order.
Tendulkar's 46th Test century, his fourth against the South Africans and first at home against the Proteas, was the lone significant knock in the entire Indian innings.
Tendulkar added 72 runs with Vijay for the third wicket and another 70 with Dhoni for the fifth.
Tendulkar's 179-ball knock included 13 fours before he went for a sweep and missed the Paul Harris delivery which bounced on his thigh pad and hit the elbow guard before dislodging the bails.
But the joy was short-lived as Tendulkar could not add any more runs and fell to a Harris delivery.
Seventeen runs later, Harris was at it again as he scalped Dhoni, dealing a brutal blow to the Indian hopes. Dhoni got an inside edge that hit the pad before finding the silly point fielder.
With no real hopes of saving the match, Harbhajan batted with the recklessness and freedom. He hit Harris for back-to-back-fours and then cleared the long on ropes to score at a brisk rate before Parnell trapped him in front of the wicket to cut short his batting daredevilry.
Harbhajan's breezy, entertaining knock included six hits to the fence besides that six.
Wriddhiman Saha also tried to compensate for his first innings duck on debut with a gritty 101-ball knock but the writing was clear on the wall by then.
Zaheer took 57 balls for his 33, which included four boundaries and a couple of sixes.
Whatever ambitious hopes India had of saving the match died with this freaky dismissal and the rest was mere formalities for their opponents.
Down the order, Harbhajan Singh struck a run-a-ball 39 to frustrate the South Africans before Parnell sent him back. Saha and Zaheer also tried their best but it was too late and too little.
For South Africa, Dale Steyn returned a match-haul of 10 for 108.
Earlier, Tendulkar featured in a 72-run stand with Murali Vijay (32) and another 70 with Dhoni (25) to rekindle the Indian hopes.
Tendulkar and Vijay started the morning well with both looking determined to dig their heels.
Thirty runs were added to the score when Vijay, looking quite compact and sound in defence against Dale Steyn and Morne Morkel, fell to poor shot selection.
He could not resist the urge to sweep left-arm spinner Paul Harris and Morne Morkel took the resulting top edge at deep backward square leg.
S Badrinath (6) had raised hopes with his debut half-century in the first innings but he could not continue the good work and perished edging a Parnell delivery that nestled into Mark Boucher's safe hands.
Tendulkar, meanwhile, was lucky to see his glide off Parnell grassed by Jacques Kallis in the lone slip while the batsman was on 45.
Tendulkar subsequently was watchful but did not spare bad balls either. He and Dhoni rekindled India's hopes with a steady partnership and the sparse crowd at the VCA Stadium roared in appreciation after Tendulkar reached his 46th Test century.
Saha dropped, Sreesanth named in team for 2nd Test
Nagpur: Wriddhiman Saha got the axe while the trio of S Sreesanth, Dinesh Karthik and Suresh Raina were named in the 15-member Indian squad for the second cricket Test against South Africa starting on Sunday in Kolkata.
Veteran batsman VVS Laxman, who missed the first Test as he had not fully recovered from a finger injury, is certain to play, which is apparent from the fact that the selectors have withdrawn his cover Rohit Sharma from the squad. Pace duo of Sudeep Tyagi and Abhimanyu Mithun, who were part of the 15-member squad for the first Test but could not make it to the playing XI, were also axed, BCCI secretary N Srinivasan said in a statement.
Saha’s selection for the first Test raised quite a few eyebrows and the Bengal stumper-batsman hardly helped his cause by scoring a three-ball duck in his Test debut here. In the second innings, Saha, however, showed grit and gumption and defied the formidable South African pacers to score a 101-ball 36 but the selectors were clearly unimpressed.
Instead, they called up Karthik, who has been in sizzling form in domestic cricket, hitting back-to-back centuries in the Duleep Trophy final. Sreesanth also made an expected comeback to the side and would be pushing for a place in the playing XI, especially with Ishant Sharma not looking at his best in the first Test.
Mumbai: Shiv Sena activists held for demonstrations outside theatres in eastern suburbs against Shah Rukh Khan's upcoming film 'My Name is Khan', prompting the police to arrest 46 troublemakers.
At Mulund area, the glasses of Mehul cinema were broken after one of the protesters pelted stones, police said adding that several gathered outside Huma Cinema at Kanjurmarg and R-City Mall at Ghatkopar area, shouting slogans against Khan and the movie, scheduled to be released on February 12.
"We have arrested 46 Shiv Sena activists protesting outside the theatres. More arrests are likely," Additional Police Commissioner (East) Ritesh Kumar said.
The protesters threatened the theatre owners to stop the advance bookings or face the severe consequences. The Sena activists were booked for unlawful assembly, rioting and further probe was on, police said.
The Sena had threatened to stall the screening of the film, protesting Khan's support for inclusion of Pakistani players in the upcoming IPL but party supremo Bal Thackeray later said that the film's release will not be disrupted.
Earlier today, Karan Johar, director and co-producer of film, met City Police Commissioner D Sivanandhan to discuss the security issues ahead of the movie's release.
Govt says no to Bt Brinjal for now
NEW DELHI: Facing intense opposition from within and outside, the government refused to give a go-ahead to commercial cultivation of Bt Brinjal,a genetically-modified version of the vegetable that is said to be more resistant to pests.
Announcing a cautious approach of the government, Environment and Forests minister Jairam Ramesh said there was "no clear consensus" among the scientists and stake-holders on giving permission to Bt Brinjal and more studies needed to be conducted.
"There is no over-riding urgency to introduce it... When the public sentiments have been negative, it is my duty to adopt a cautious, precautionary and principle-based approach," he told a hurriedly-called press conference which was originally scheduled for tomorrow.
"I will not impose a decision till such time independent scientific studies establish safety of the product from long-term view of human health," Ramesh said.
He said it was a difficult decision to take but he had to balance many issues of science and society and producer and consumer.
However, he made it clear that today's decision applied only to Bt Brinjal and does not cover future of genetically-modified crops, be it ladyfinger, cabbage or rice.
Ramesh's decision came after a series of public consultations in seven cities across the country that often turned acrimonious. A number of state governments, including Congress-ruled Andhra Pradesh, have publicly opposed the introduction of Bt Brinjal.
Agni III doesn't pose threat, we share friendly relations with India: China
BEIJING: Describing its ties with India as "friendly and cooperative," China today said both countries did not pose mutual threat.
Dismissing reports that India's nuclear-capable Agni-III missile, which has a range of 3,500 km posed a threat to China, Foreign Ministry spokesman Ma Zhaoxu said China and India shared friendly and cooperative relations.
"I don't want to interpret or comment on the reports," Ma said when asked to comment on the February seven launch of Agni-III which put China's major cities within its strike range.
"The China-India relation is friendly and cooperative. China will not be a threat to India, and nor will India pose a threat to China," Ma was quoted as saying by state-run Xinhua news agency.
Chinese Foreign Ministry spokesman Ma Zhaoxu refused to comment on the reports at a regular news briefing, only saying that China-India relations maintain their good momentum.
"Bilateral ties will move forward with the joint effort of both countries," he said.
Chidambaram renews offer of talks with Naxals
Kolkata: After a meeting of four naxal-affected states, the Centre on Tuesday said it was ready to hold talks with the Maoists if they "halt" violence.
"My appeal to all the naxals on behalf of all the chief ministers who participated in the conference two days ago, on behalf of naxal affected states, if you abjure violence that is if you say a halt to violence, we are not asking you to do anything more, if you halt the violence we are prepared to talk to you on any matter," Home Minister P Chidambaram said.
He was talking to reporters after a meeting of chief minister of Naxal-affected states which was not attended by chief ministers of Bihar and Jharkhand Nitish Kumar and Shibu Soren respectively.
Kumar told reporters in Patna that he could not be away from Patna for long and today is the scheduled day for the state cabinet to meet. Soren, who had cited illness for not attending the meeting, had deputed his two deputy chief ministers.
Against the backdrop of reports that Kumar kept away at the instance of Railway Minister Mamata Banerjee, Chidambaram sought to play down his absence.
He said Kumar had told him in Delhi on Sunday that he had some prior commitment and that he may not be able to attend the Kolkata meeting. "His senior officials are here.
Either I can go to Patna or he can go to Delhi (to discuss Maoist issues). That is not an issue," Chidambaram said.
On the naxal issue, the Home Minister said the "condition" is Maoist should "halt" violence. “Unfortunately, past appeals have been spurned. Therefore, we are obliged to continue the operations as long as naxals indulge in violence. These operations will continue and I am confident that further progress will be made in next six months”, Chidambaram said. “We made it very clear that the purpose of these operations is not to kill anyone. They are our own people. We care for them, we care for their lives”, he said.
The meeting, convened by the Union Home Minister, to help states to coordinate their campaign against Naxals, began an hour behind schedule as Orissa Chief Minister Naveen Patnaik arrived late. The meeting was attended by West Bengal Chief Minister Buddhadeb Bhattacharjee.
“Use of force alone will not solve the problem. We all agree on that. But in order to put an end to violence and re-establish civil administration, it is necessary to use force”, he said when asked about the Bihar Chief Minister's contention that the Maoist problem could not be solved by use of force. “The government must continue operations against Maoists in a careful, calibrated and controlled way if Maoists do not halt violence”, he said.
Race motive clear in some attacks, admits Oz FM
Under mounting pressure over attacks on Indians, Australia on Tuesday acknowledged that some of the recent violence against them had clearly been "racially motivated" and vowed to "punish the culprits with the full force of law".
Stating that the attacks had "considerably damaged" the nation's reputation, Australian Foreign Minister Stephen Smith told the Parliament that "if any of these attacks have been racist in nature - and it seems clear that some of them have - they will be punished with the full force of law".
Smith said the attacks which have included robberies and beatings are "inexcusable" and were being taken very seriously by the government.
The foreign minister intervened on the matter after the government came in for a sharp attack from the opposition which accused the Victorian government of failing to tackle the racist attacks on Indians.
Even Prime Minister Kevin Rudd said that he was worried over the narration by his Asian-origin son-in-law of racisms in Australia. Rudd said that his government's efforts were aimed at improving safety of foreign students who worked late at night.
Leaders and officials in Australian had earlier down played racism as a motive for attacks on Indians which have triggered outrage in India. Smith's remarks came just ahead of Indian High Commissioner Sujatha Singh's visit to New Delhi to brief the government on the steps taken by Australia to prevent attacks on Indians. Singh is excepted to be in New Delhi this week.
Describing the attacks as "contemptible", Smith said these had cast a long shadow over relationship and ties with India and said these were an "affront to our values and are anathema to a view of modern Australia."
Giving an update on the issue, the minister said, "we need to accept that it has considerably damaged Australia's reputation in India and among the Indian people. Indeed, it has widely been noticed beyond India and South Asia."
Offering condolences to the families of Indians attacked in Australia, Smith told the lawmakers that repairing the damage to the country's image was an "essential priority."
The foreign minister assured that India "was in the front rank" of nations in Australia's international partnership and was fast emerging as nation's third biggest export market behind China and Japan.
The two way trade between the two countries was nearly 22 billion Australian dollars last year, registering a quantum jump of 55 per cent. And a number of Indian companies were showing great interest in investing in Australia not only in mineral resources but agriculture and IT.
Addressing the Indian nationals in his country, Smith said, "we will continue to do our utmost to ensure that the children, Indian parents have entrusted to our care, remain safe and go back home with first class education." According to local estimates, there are 450,000 Indians living in Australia out of which 120,000 are students.
Referring to these figures, Smith said the government had "zero-tolerance" for racism and pointed out that 45 people had so far been arrested for crime against Indians.
He said it was regrettable that many Indian students in Australia, in particular Melbourne, found themselves in a higher risk profile for crime because they work in late night shifts in occupations like taxi driving and live near high crime neighbourhoods.
Business News
IT rally helps Sensex close above 16K
A rally in the IT and PSU counters aided the benchmark index Sensex record gains for the third consecutive day and close above the psychological 16,000-mark by adding 107 points on Tuesday, amid positive global cues following easing of the sovereign debt worries in the Eurozone region.
The 30-share BSE barometer touched a low of 15,862.90 at opening shedding 71 points, but gradually moved up and remained in the green for the rest of the day and hit a high of 16,087.83 before closing at 16,042.18, a rise of 105.57 points or 0.67 per cent over its previous close.
IT stocks were at the forefront on bargain hunting after the recent crash while PSU stocks too saw good buying support.
Marketmen said the IT rally was driven by the easing of sovereign debt crisis in Greece, Spain and Portugal, which had sent the global markets into a tizzy last week.
The BSE IT index surged 2.52 per cent to 4,972.64 points and the rally was led by Infosys with a gain of 2.92 per cent or Rs 70.15 to Rs 2,470.90, Wipro by 2.49 per cent or Rs 15.85 to Rs 652.45 and TCS by Rs 10.40 to Rs 734.20. The domestic IT exporters get a third of their sales from Europe.
SMC Capital vice-president Rajesh Jain said, "the markets witnessed a counter-rally and short-covering to end in the green. Positive cues from Asia and Europe also helped."
However, realty counters suffered a sharp setback on profit-selling on fears of a hike in interest rate following rising inflation and a better-than-expected GDP growth, which would pressurise RBI to further tighten money supply.
Brokers attributed early weakness to a severe setback on the Wall Street overnight with the Dow Jones Industrial Average sliding by 104 points and closing below 10,000-mark.
However, firm Asian markets helped the recovery in the domestic bourses. All the key indices, barring the Nikkei, which ended flat, like Shanghai, Hang Seng, Strait, Kospi and Taiwan closed with gains.
European markets too resumed better today. The CAC was up by 0.28 per cent, the DAX by 0.48 per cent and FTST by 0.60 per cent.
Brokers said fresh selling by funds in heavy-weight stocks mainly led to fall in the stock prices in the first half. Also though Asia and Europe were in the green, the sentiment was not so strong, hence our markets too could not hold on to higher levels, they added.
The 50-issue Nifty of the NSE also rose by another 32.25 points or 0.68 per cent to close at 4,792.65 after touching the psychological 5800 market many times intraday. This is the third successive gain for both the indices.
With the buying activity picking up, barring realty which dipped by dipped by 40.34 points or 1.21 per cent and oil & gas sector which fell 0.23 per cent, all BSE sectoral indices ended in the green. And among the Sensex stocks, 19 ended higher, while 11 declined with moderate to deep losses.
From the BSE sectoral indices, the IT spurted by 122.01 points or 2.52 per cent, Tech rallied by 2.09 per cent, and the PSU by 153.59 points or 1.67 per cent.
China is now world's largest exporter
Berlin:China has zipped past Germany as the world's largest exporter after German exports slumped 18.4 per cent in 2009, the sharpest fall since 1950.
Germany's exports last year fell 18.4 per cent from the previous year to 803.2 billion euros, or USD 1,121.3 billion, allowing China with exports of USD 1,201.6 billion to replace the biggest European economy as the world's largest exporter for the first time.
Germany, which had remained the largest exporter since 2003, logged the heavy export drop due to the financial crisis in 2009, Kyodo news agency reported, quoting official trade figures released on Monday.
China has become the world's production base as major Japanese, U.S. and European companies have built manufacturing plants in the communist nation.
China also replaced the United States in domestic new vehicle sales in 2009 and is expected to become the world's second-largest economic power in terms of gross domestic product in place of Japan this year, the report said.
Sports News
India crash to innings defeat against Proteas
Nagpur:Sachin Tendulkar's defiant ton merely delayed the inevitable as India crashed to a humiliating innings and six runs defeat against South Africa in the first cricket Test in Nagpur on Tuesday.
The miracle that India needed to save the match did not happen and even though Tendulkar (100) starred in two brief partnerships and the tail wagged for a while too, it was not enough to avert what was Mahendra Singh Dhoni's first Test defeat as captain that came with full one day to spare.
Following on, the home side that resumed on 66 for two this morning, folded for 319 in their second essay to allow South Africa to take a 1-0 lead in the two-match series.
Down the order, Wriddhiman Saha (36), Harbhajan Singh (39) and Zaheer Khan (33) showed the kind of grit that was missing in most of their frontline batting colleagues.
India will now have to win the next match in Kolkata, starting on Sunday, failing which they would surrender the number one Test team's tag to the South Africans.
The defeat also exposed the batting frailties of the home side which sorely missed veterans Rahul Dravid and VVS Laxman, both recovering from injuries, in the middle order.
Tendulkar's 46th Test century, his fourth against the South Africans and first at home against the Proteas, was the lone significant knock in the entire Indian innings.
Tendulkar added 72 runs with Vijay for the third wicket and another 70 with Dhoni for the fifth.
Tendulkar's 179-ball knock included 13 fours before he went for a sweep and missed the Paul Harris delivery which bounced on his thigh pad and hit the elbow guard before dislodging the bails.
But the joy was short-lived as Tendulkar could not add any more runs and fell to a Harris delivery.
Seventeen runs later, Harris was at it again as he scalped Dhoni, dealing a brutal blow to the Indian hopes. Dhoni got an inside edge that hit the pad before finding the silly point fielder.
With no real hopes of saving the match, Harbhajan batted with the recklessness and freedom. He hit Harris for back-to-back-fours and then cleared the long on ropes to score at a brisk rate before Parnell trapped him in front of the wicket to cut short his batting daredevilry.
Harbhajan's breezy, entertaining knock included six hits to the fence besides that six.
Wriddhiman Saha also tried to compensate for his first innings duck on debut with a gritty 101-ball knock but the writing was clear on the wall by then.
Zaheer took 57 balls for his 33, which included four boundaries and a couple of sixes.
Whatever ambitious hopes India had of saving the match died with this freaky dismissal and the rest was mere formalities for their opponents.
Down the order, Harbhajan Singh struck a run-a-ball 39 to frustrate the South Africans before Parnell sent him back. Saha and Zaheer also tried their best but it was too late and too little.
For South Africa, Dale Steyn returned a match-haul of 10 for 108.
Earlier, Tendulkar featured in a 72-run stand with Murali Vijay (32) and another 70 with Dhoni (25) to rekindle the Indian hopes.
Tendulkar and Vijay started the morning well with both looking determined to dig their heels.
Thirty runs were added to the score when Vijay, looking quite compact and sound in defence against Dale Steyn and Morne Morkel, fell to poor shot selection.
He could not resist the urge to sweep left-arm spinner Paul Harris and Morne Morkel took the resulting top edge at deep backward square leg.
S Badrinath (6) had raised hopes with his debut half-century in the first innings but he could not continue the good work and perished edging a Parnell delivery that nestled into Mark Boucher's safe hands.
Tendulkar, meanwhile, was lucky to see his glide off Parnell grassed by Jacques Kallis in the lone slip while the batsman was on 45.
Tendulkar subsequently was watchful but did not spare bad balls either. He and Dhoni rekindled India's hopes with a steady partnership and the sparse crowd at the VCA Stadium roared in appreciation after Tendulkar reached his 46th Test century.
Saha dropped, Sreesanth named in team for 2nd Test
Nagpur: Wriddhiman Saha got the axe while the trio of S Sreesanth, Dinesh Karthik and Suresh Raina were named in the 15-member Indian squad for the second cricket Test against South Africa starting on Sunday in Kolkata.
Veteran batsman VVS Laxman, who missed the first Test as he had not fully recovered from a finger injury, is certain to play, which is apparent from the fact that the selectors have withdrawn his cover Rohit Sharma from the squad. Pace duo of Sudeep Tyagi and Abhimanyu Mithun, who were part of the 15-member squad for the first Test but could not make it to the playing XI, were also axed, BCCI secretary N Srinivasan said in a statement.
Saha’s selection for the first Test raised quite a few eyebrows and the Bengal stumper-batsman hardly helped his cause by scoring a three-ball duck in his Test debut here. In the second innings, Saha, however, showed grit and gumption and defied the formidable South African pacers to score a 101-ball 36 but the selectors were clearly unimpressed.
Instead, they called up Karthik, who has been in sizzling form in domestic cricket, hitting back-to-back centuries in the Duleep Trophy final. Sreesanth also made an expected comeback to the side and would be pushing for a place in the playing XI, especially with Ishant Sharma not looking at his best in the first Test.
Subscribe to:
Comments (Atom)