Thursday, October 15, 2009

Latest News India

5 terror attacks in Pak in a day, 39 dead

LAHORE: Teams of gunmen attacked three law enforcement facilities across the eastern city of Lahore on Thursday, paralyzing Pakistan's cultural capital, while a car bomb devastated a northwest police station, killing a total of 39 people in an escalating wave of terror in this nuclear-armed US ally.

Another bombing in the northwestern city of Peshawar later in the day wounded five people, further rattling the country.

The bloodshed, aimed at scuttling a planned offensive into the militant heartland along the Afghan border, highlights the militants' ability to carry out sophisticated strikes on heavily fortified facilities and exposes the failure of the intelligence agencies to adequately infiltrate the extremist cells.

No group immediately claimed responsibility, though suspicion fell on the Pakistani Taliban who have claimed other recent strikes. The attacks Thursday also were the latest to underscore the growing threat to Punjab, the province next to India where the Taliban are believed to have made inroads and linked up with local insurgent outfits.

President Asif Ali Zardari said the bloodshed that has engulfed the nation over the past 11 days would not deter the government from its mission to eliminate the violent extremists, according to a statement on the state-run news agency.

``The enemy has started a guerrilla war,'' Interior Minister Rehman Malik said. ``The whole nation should be united against these handful of terrorists, and God willing we will defeat them.''

The wave of violence practically shut down daily life in Lahore. All government offices were ordered shut, the roads were nearly empty, major markets did not open and stores that had been open pulled down their shutters.

The assaults began just after 9 a.m. when a group of gunmen attacked a building housing the Federal Investigation Agency, a law enforcement branch that deals with matters ranging from immigration to terrorism.

``We are under attack,'' said Mohammad Riaz, an FIA employee reached inside the building via phone by The Associated Press during the assault. ``I can see two people hit, but I do not know who they are.''

The attack lasted about 1 1/2 hours and ended with the death of two attackers, four government employees and a bystander, senior government official Sajjad Bhutta said. Senior police official Chaudhry Shafiq said one of the dead wore a jacket bearing explosives.

Soon after, a second band of gunman raided a police training school in Manawan on the outskirts of the city in a brief attack that killed nine police officers and four militants, according to police and hospital officials. One of the gunmen was killed by police at the compound and the other three blew themselves up.

The facility was hit earlier this year in an attack that sparked an eight-hour standoff with the army that left 12 people dead.

A third team of at least eight gunmen scaled the back wall of an elite police commando training center not far from the airport and attacked the facility, Lahore police chief Pervez Rathore said.

A family barricaded itself in a room in a house, while the attackers stood on the roof, shooting at security forces and throwing grenades, said Lt. Gen. Shafqat Ahmad, the top military official in Lahore.

Two attackers were slain in the gunbattle and three blew themselves up, he said. One police nursing assistant and a civilian also died in the attack, he said.

Television footage showed helicopters in the air over one of the police facilities and paramilitary forces with rifles and bulletproof vests taking cover behind trees outside a wall surrounding the compound. Rana Sanaullah, provincial law minister of Punjab province, said police were trying to take some of the attackers alive so they could get information from them about their militant networks.

Officials have warned that Taliban fighters close to the border are increasingly joining forces with Punjabi militants spread out across the country and foreign al-Qaida operatives, dramatically increasing the dangers to Pakistan. Punjab is Pakistan's most populous and powerful province, and the Taliban claimed recently that they were activating cells there and elsewhere in the country for assaults.

An official at the provincial Punjab government's main intelligence agency said they had precise information about expected attacks on security targets and alerted police this week, but the assailants still managed to strike. The official spoke on condition of anonymity because he was not authorized to comment on the situation.

Despite their reach and influence, the nation's feared spy agencies have failed to stop the bloody attacks plaguing the country.

Kamran Bokhari, an analyst with Stratfor, a US-based global intelligence firm, said Pakistan needed to penetrate more militant groups and intercept conversations to prevent attacks, but the task was complicated in a country so big and populous.

``The militants are able to exploit certain things on the ground, like the anti-American sentiment, which is not just in society — it's also in the military,'' he added.

In the Taliban-riddled northwest, meanwhile, a suicide car bomb exploded next to a police station in the Saddar area of Kohat, collapsing half the building and killing 11 people — three police officers and eight civilians — Kohat police chief Abdullah Khan said.

Early Thursday evening, a bomb planted in a car outside a home in the Gulshan Rehman area of Peshawar city exploded, city police chief Ijaz Khan said. A nearby school was closed at the time. Local police official Aalam Sher said five wounded people were hospitalized.

Footage shown on local TV showed people who appeared to be teenagers being put into ambulances. The damaged vehicle was flipped on its side and jutted out of what appeared to be a garage. Piles of bricks littered the nearby roads.

The US has encouraged Pakistan to take strong action against insurgents who are using its soil as a base for attacks in Afghanistan, where US troops are bogged down in an increasingly difficult war. It has carried out a slew of its own missile strikes in Pakistan's lawless tribal belt over the past year, killing several top militants including Pakistani Taliban chief Baitullah Mehsud.

One suspected US missile strike killed four people overnight Thursday when it hit a compound in an area in North Waziristan tribal region where members of the militant network led by Jalaluddin Haqqani are believed to operate, two intelligence officials said. They spoke on condition of anonymity because they were not authorized to speak to the media.

Pakistan formally protests the missile strikes as violations of its sovereignty, but many analysts believe it has a secret deal with the US allowing them.

The militants have claimed credit for a wave of attacks that began with an October 5 strike on the UN food agency in Islamabad and included a siege of the army's headquarters in the garrison city of Rawalpindi that left 23 people dead.

The Taliban have warned Pakistan to stop pursuing them in military operations.

The Pakistani army has given no time frame for its expected offensive in South Waziristan tribal region, but has reportedly already sent two divisions totaling 28,000 men and blockaded the area.

Fearing the looming offensive, about 200,000 people have fled South Waziristan since August, moving in with relatives or renting homes in the Tank and Dera Ismail Khan areas, a local government official said, speaking on condition of anonymity because he was not authorized to talk to the media.

Taliban chief threatens to dispatch militants to fight India

ISLAMABAD: As his militants wrought havoc in the country by a series of attacks and suicide blasts, Pakistani Taliban chief Hakimullah Mehsud has threatened to dispatch terrorists to fight India, once an Islamic state had been created in Pakistan.

"We want an Islamic state. If we get that, then we will go to the borders and help fight the Indians," Hakimullah said in footage aired by Britain's Sky News channel.

The channel said it recently acquired the footage of Hakimullah, who claimed responsibility for several attacks across Pakistan over the past week, including a terrorist assault on the Army's General Headquarters in the garrison city of Rawalpindi over the weekend.

"We are fighting the (Pakistani) military, police and militia because they are following American orders. If they stop following their orders, we will stop fighting them," said Hakimullah, in what was seen as desperate last minute efforts to stop Pakistan army's offensive into his group's stronghold of Waziristan.

Hakimullah was named the new chief of the Tehrik-e-Taliban Pakistan after his predecessor Baitullah Mehsud was killed in a US drone attack in Waziristan in August.

India, Russia to launch fifth generation fighter jets

Moscow: India and Russia will launch the joint fifth generation fighters by year end and have agreed to collaborate to develop heavy lift cargo helicopters and futuristic infantry combat vehicles.

The path for more hi-tech defence collaboration between Moscow and New Delhi was paved with the signing of the joint defence protocol by Defence Minister AK Antony and his Russian counterpart Anatoly Serdyukov.

The protocol extends military interaction between the two countries till 2020 and this is expected to make the path clear for inking more major defence joint ventures during the upcoming visit of Prime Minister Manmohan Singh in early December.

The protocol was signed here at the end of 9th session of India-Russia Intergovernmental Commission on military-technical cooperation (IRIGC-MTC) after assurances

from Moscow that all pending issues like the delivery of aircraft carrier Gorshkov and nuclear submarine Nerpa would be resolved at the earliest.

The protocol provides for completion of formalities by the year end to launch the joint designing, development and production of fifth generation fighter aircraft project.

Besides the development of a state-of-the-art multi-role transport aircraft (MTA) through a joint venture along the lines of highly successful BrahMos JV, India and Russia have also agreed to jointly develop a heavy lift cargo helicopter and futuristic Infantry Combat Vehicle (ICV).

A joint statement released after the meeting said that India and Russia will collaborate in up-gradation of IAF's main strike fighter Su-30MKI, the older Mig-27 and T-72M1 battle tanks.

It said that the two sides had also worked out the production in India of Main Battle Tanks (MBT) T-90S with full technology transfer.

Centre is unanimous on dealing with Maoists: Rahul

Ranchi: In the backdrop of a spurt in Naxal violence, Congress leader Rahul Gandhi said on Thursday that there was complete unanimity at the Centre over dealing with Maoist menace and accused non-Congress ruled Orissa and Chhattisgarh of failing to reach out to the people to check the problem.

"There is complete unanimity as far as the government is concerned on Naxalism. State governments should reach out to the people to combat it but governments like Chhattisgarh and Orissa are not doing so," Gandhi told a press conference in Ranchi.

Replying to a question on increase in Naxal violence, he said that except for some pockets the overall law and order situation in the country was good. The advent of sophisticated weaponry, he said, was responsible for violence all over the world.

Gandhi also launched a fresh attack on Uttar Pradesh Chief Minister Mayawati alleging she was opposed to NREGA which was "the best scheme that benefited crores of people".

"The UP CM is not interested in NREGA and has termed it not good. We can't do much if state governments do not implement the programmes," he said.

"If state governments implement NREGA it functions smoothly. If state governments don't, then there is corruption," Gandhi said when told about corruption in the programme.

He said there were "two Hindustans --- one with basic amenities and opportunities while the other poverty-stricken" and Congress' effort was to connect the so that all people prospered.

Indian Business News

PM for listing more PSEs on bourses

New Delhi: Keen on unlocking value of public sector enterprises, Prime Minister Manmohan Singh on Thursday said the government was encouraging them to raise resources by listing on the stock exchanges.

"The government is encouraging the listing of Public Sector Enterprises (PSEs), as this unlocks the true value of a company, improves its corporate governance standards and also helps it in raising resources for funding future expansion plans," he said at an award function for the PSEs here.

Singh said several PSEs have got their shares listed on the markets in the last two years and many more want to do so.

"This shows they are not shying away from market scrutiny and are ready to face new challenges," he said at a function organised by the Standing Conference of Public Sector Enterprises (SCOPE).

Since the UPA came to office for the second term this May, two public sector companies -- NHPC and Oil India – have listed on the bourses. More are in the pipeline. Forty-three PSEs account for 24 per cent of Bombay Stock Exchange's market cap of Rs 58 lakh crore.

Of the top 10 listed companies on BSE, five belong to the public sector. "More and more PSEs are entering capital market and are striving to become global players," he said.

Lauding the role of these units in the economy, he said India weathered the global slowdown better than most other countries. "This is a reflection of the strengths of Indian economy..." he said.

Cognizant acquires UBS India's BPO unit

New Delhi: Nasdaq-listed IT company Cognizant said it has entered into a definitive agreement with the UBS Group for acquiring the latter's Hyderabad-based BPO unit.

The company did not divulge any financial detail.

According to sources, the deal is valued at USD 72-75 million (around Rs 340 crore).

As part of the transaction, financial services provider UBS and Cognizant have entered into a multi-year services pact, under which Cognizant will provide business process outsourcing (BPO), knowledge process outsourcing (KPO), IT and remote infrastructure management services to UBS divisions globally, Cognizant said in a statement.

The UBS unit, called UBS India Service Centre (UBS ISC), employs about 2,000 associates, who would now be a part of Cognizant, it added.

UBS ISC's capabilities in wealth management, investment banking, asset management, research, and remote IT infrastructure management will help Cognizant strengthen its BPO and KPO capabilities, financial services domain knowledge and as well provide integrated services across consulting, technology, and outsourcing, it said.

"This acquisition extends our leadership position in financial services," Cognizant CEO Francisco D’Souza said.

Subject to the satisfaction of certain closing conditions, the transaction is expected to close around the end of 2009, the statement said.

Nokia reports Q3 loss of 559 mn euros

Helsinki/New Delhi: Hit by hefty impairment charges and declining sales, Finnish mobile phone maker Nokia Corp plunged into a loss of 559 million euros in third quarter of this year.

In the year-ago period, the company had a net profit of 1.08 billion euros, Nokia said in a statement.

The company's net sales decreased to 9.81 billion euros in third quarter of 2009 from 12.23 billion euros in the same period last fiscal.

Nokia Siemens Networks, a 50:50 joint venture of Nokia Corp and German Siemens AG, had suffered non-cash asset impairment charges of 908 million euros and 29 million euros for restructuring and other one time charges.

The JV firm registered net sales of 2.8 billion euros, down 21 per cent from the same period last year and also witnessed a 14 per cent decline from the second quarter.

"The demand for mobile devices improved in many markets during Q3. With the average selling price of our devices holding firm quarter-on-quarter, our higher device volumes translated into increased net sales in our devices & services business.”

"Our volumes and net sales were, however, somewhat constrained by component shortages we encountered across the portfolio. Challenging competitive factors and market conditions in the infrastructure and related services business necessitated non-cash impairment charges at Nokia Siemens Networks," Nokia CEO Olli-Pekka Kallasvuo said.

Indian Sports News

BCCI sacks Team India coaches

NEW DELHI: Indian team's bowling coach Venkatesh Prasad and fielding coach Robin Singh were on Thursday sacked by the BCCI, which did not give any reasons for the unceremonious dumping.

"The BCCI has decided to discontinue the services of bowling coach Mr Venkatesh Prasad and fielding coach Mr Robin Singh with immediate effect," said a brief statement from Board secretary N Srinivasan.

Although the Board's decision to sack them came as a surprise, both Prasad and Singh were under the scanner after India's dismal show in the Twenty20 World Cup and last month's Champions Trophy.

Top Indian bowlers like Ishant Sharma and RP Singh have struggled for form for long spells with the latter being dropped from the ODI squad for the seven-match ODI series against Australia on Thursday.

Even a proven match-winner like off-spinner Harbhajan Singh was struggling in the Champions Trophy.

Despite being a top-notch fielder in his own playing days, Singh hasn't managed to raise the team's standard since taking over.

Barring exceptions like Yuvraj Singh, Indian players have been quite ordinary, inviting open criticism from captain Mahendra Singh Dhoni on several occasions.

Several former players have also questioned Prasad and Singh's contribution to the team's cause, saying the standard has remained as bad as it was before their appointment.

The duo was appointed after India's 2007 One-day World Cup debacle and didn't have any contract with the Board.

Prasad, a right-arm seamer who claimed 96 Test and 196 One-day wickets, said he had not been informed of his sudden removal.

"But if this is true, I am deeply disappointed and hurt," he said. "I have no doubt that I have done my job for the Indian team to the best of my abilities.

"I will try to contact the Indian board and find out what I did wrong that has led them to take this decision."

Singh, who scored 2,336 runs and claimed 69 wickets in 131 ODIs, had recently been appointed coach of Sachin Tendulkar's Mumbai Indians team in the Indian Premier League.

Sehwag, Yuvraj back for Oz series, Dravid axed

Chennai: Seasoned batsman Rahul Dravid's one-day future was thrown into uncertainty after he was dropped from India's 15-member squad for the first two ODIs of a seven-match series against Australia starting October 25.

The 36-year-old Dravid, who made a comeback to the one-day fold recently in the September tri-series in Sri Lanka and the ensuing Champions Trophy in South Africa, failed to find favour with the selectors despite a decent show since returning, scoring 180 runs from five matches at an average of 36.

The dashing duo of Virender Sehwag and Yuvraj Singh returned to the side after recovering from their respective injuries that forced them out of the Champions Trophy.

Rookie Uttar Pradesh pacer Sudeep Tyagi was the lone new face while another fast bowler Munaf Patel and young all-rounder Ravindra Jadeja made a comeback to the squad announced by the BCCI after a selection panel meeting here.

In an apparent fallout of India's Champions Trophy debacle, out of form all-rounder Yusuf Pathan and pacer RP Singh were dropped from the squad. Wicket-keeper batsman Dinesh Karthik and young all-rounder Abhishek Nayar were also left out.

The return of the experienced Yuvraj and Sehwag prompted the selectors to leave out Dravid as it would have been difficult to accommodate the Karnataka right-hander in the middle order.

They instead decided to persist with young right-hander Virat Kohli.

Dravid, a regular in the Test squad, has compiled 10,765 runs in 339 one-dayers at an average of 39.43. The 22-year-old Tyagi, a surprise pick in the team to be led by Mahendra Singh Dhoni, has played 16 first-class match and has taken 57 wickets at an average of 25.73. He has been rewarded for his fine show in the recent Challenger Series in Nagpur, taking three wickets against India Blue in the final.

Tuesday, October 13, 2009

Indian latest News

Govt says Arunachal integral part of India after Chinese protest

BEIJING: China expressed strong dissatisfaction on Tuesday over Prime Minister Manmohan Singh’s weekend visit to Arunachal Pradesh.

Prime Minister Manmohan Singh's trip to Arunachal Pradesh to woo voters ahead of Monday’s assembly elections came despite Beijing's serious concerns, China’s foreign ministry spokesman Ma Zhaoxu said in a statement posted on the ministry's website.

Reacting to China’s statement, foreign minister S M Krishna said, "Well, regardless of what others say it is the Government of India's stated position that Arunachal Pradesh is an integral part of India. We rest at that.”

The ministry also said in a statement that New Delhi was "disappointed and concerned" over Chinese objection to Prime Minister Manmohan Singh's visit to Arunachal Pradesh.

“Arunachal Pradesh is inalienable part of India, and China is aware of this, said external affairs ministry spokesman Vishnu Prakash.

"The Chinese statement does not help the process of ongoing negotiations between the two governments on the boundary question," he said.

Earlier, the statement from China said, "It is strongly dissatisfied with the visit to the disputed region by the Indian leader disregarding China's serious concerns."

``We demand the Indian side address China's serious and just concerns and not trigger disturbances in the disputed region so as to facilitate the healthy development of China-India relations,'' the statement said.

Manmohan Singh had toured and addressed an election rally in Arunachal Pradesh on October 3.

The protest reflects enduring Chinese sensitivities over the mountainous state, which shares a 640-mile (1,030-kilometer) unfenced border with China.

The Asian giants fought a border war in 1962 and the frontier has yet to be settled despite 13 rounds of talks on the issue.

China claims the region as its own territory and has never recognized a British colonial-era border known as the McMahon Line that designated the region as part of India. China also occupies a chunk of territory in Kashmir that India regards as its own.

Most recently, China sought to block part of a loan to India from the Asian Development Bank earmarked for projects in Arunachal Pradesh. Beijing also protested a visit to the region last month by exiled Tibetan leader the Dalai Lama, to no avail.

China's protests and continuing claims have fueled Indian fears of military aggression, prompting calls for New Delhi to reinforce military units on its side of the border.

India says China is illegally occupying 43,180 sq kms of Jammu and Kashmir. On the other hand, China accuses India of possessing some 90,000 sq km of Chinese territory, mostly in Arunachal Pradesh.

China earlier this year had also taken objection to Manmohan Singh's visit to Arunachal Pradesh, and had informally protested. Singh visited Arunachal on January 31 and February 1 this year, a few days after returning from a trip to China.

Singh's reference to the state as "our land of the rising sun" at a public rally was objected to by China.

China apparently saw it as India's assertion of its claim on Arunachal, which it claims is a "disputed territory".

Responding to China's objection, the then external affairs minister Pranab Mukherjee said, "Arunachal is an integral part of our country... Therefore, it is obvious the Prime Minister will visit any part of the country".

66% voter turnout in elections in three states

MUMBAI/CHANDIGARH/ITANAGAR: Moderate to heavy polling was registered in the Assembly elections in Maharashtra, Haryana and Arunachal Pradesh amid sporadic incidents of violence in which a polling agent was killed and Naxals attacked a patrol party and a booth.

Maharashtra registered 60 per cent turnout of voters while Haryana and Arunachal Pradesh saw a much higher polling of 66 per cent and 72 per cent respectively, Chief Election Commissioner Navin Chawla told reporters in New Delhi.

Mumbai, the country's financial hub, and its suburbs saw a turnout of 50 per cent.

A 48-year-old polling agent, Jyoti Ram, was killed in a clash between supporters of Congress nominee Dillu Ram and Independent candidate Kulwant Bazigar in Gulha assembly constituency in Haryana's Kaithal district, police said. He represented Bazigar.

In Maharashtra's Gadchiroli district where 17 policemen were shot dead by the Maoists on October 8, naxalites opened fire at a patrol party near Kasansur in Aheri block shortly before polling commenced. No one was injured, police said, adding security forces did not retaliate.

In another incident, Naxals opened fire at a polling station at Bonde in Korchi taluka of the district. While no one was hurt, additional forces were despatched by an airforce chopper, Manoj Sharma, ASP, Gadchiroli, said.

Over 1.29 lakh state police and central forces were deployed across the state to ensure orderly polling in 288 Assembly seats, DGP (Elections) A N Roy said adding that the incidents did not hamper the polling process.

Union Ministers Sharad Pawar and Vilasrao Deshmukh, industrialist Anil Ambani, Shiv Sena chief Bal Thackeray and cricketer Sachin Tendulkar were among the prominent voters.

Taliban presence in JK imagination of some people: Omar

Srinagar:Dismissing reports of Taliban presence in Jammu and Kashmir, Chief Minister Omar Abdullah on Tuesday said this was only imagination of "some people" and asked them to not spoil the positive atmosphere of the state by making such remarks.

"There have been some comments made about Taliban presence in the state and I wonder where they are. It is time that people should stop imagining about it and misguiding the tourists who want to visit the valley," he said addressing a conference on social and infrastructure development of militancy-hit state.

The Chief Minister said the state has seen a positive atmosphere after a very long time and everyone should try to maintain it.

"We have seen light at the end of a very very long and a very very dark tunnel. Please do not spoil it," he said. Omar said the reports about Taliban presence is being used by travel agents from other states to route tourists away from the valley.

"Even before Kerala became God's own country, Kashmir was heaven on earth. Reports like Taliban presence in Kashmir come in handy for some unscrupulous travel agents outside the state to divert the tourist inflow into the state," he said.

Giving statistics of the improved atmosphere in the state, which has been fighting militancy for the last over two decades, he said the number of such incidents in September 2008 were 708 and in 2009 its 395. He said casualties in 2008 were 147 and till this year, it has been only 70.

Indian Business News

Mumbai: Civil Aviation Minister Praful Patel is likely to meet Air India staff unions, including pilots, on Wednesday to discuss rationalisation of incentives and allowances in line with the airline's turnaround plans.

"The Minister (Praful Patel) is likely to hold a meeting with the staff unions from a cross-section of departments on the turnaround plan," sources said.

The proposed meeting comes in the backdrop of the recent five-day long stir by executive pilots after the management suggested up to 50 per cent cuts in their productivity-linked incentive (PLI) and flying allowance.

The proposal was deferred after the employees, including pilots and engineers, vehemently opposed any cut, maintaining that the staffers should not be blamed for Air India's mounting losses.

There are 14 unions in the state-run airline representing engineers, pilots, cabin crew, officers and other employees.

Following the executive pilots' agitation, the government announced the formation of a sub-committee of the Air India Board to examine the issue in totality.

The sub-committee, which comprises Air India Chairman and Managing Director Arvind Jadhav and Joint Secretaries in the Civil Aviation Ministry, EK Bharat Bhushan and Prashant Shukul, would submit its recommendations to the airline's Board.

AIG to sell Taiwan life insurance unit for $2.15 bn

New York: American International Group will be selling its life insurance unit in Taiwan to a consortium of companies for USD 2.15 billion.

Battered by the financial meltdown, AIG had received billions of dollars from the US government last year to tide over the turmoil. The leading insurer has also shed assets worldwide to streamline its operations.

AIG in a statement said it would be selling its 97.57 per cent stake in Taiwan-based Nan Shan Life Insurance Company for USD 2.15 billion.

In this regard, the American insurer has entered into an agreement with a consortium comprising Hong Kong-based Primus Financial Holdings Limited and China Strategic Holdings Limited.

Post acquisition, the consortium led by Primus Financial would maintain the Nan Shan brand, the existing compensation and benefits package for employees, among others.

Further, the current Nan Shan management team would remain in place.

"We are pleased to have found a buyer who shares our confidence in Nan Shan's bright future, and who has pledged to continue Nan Shan's commitment to its policyholders, agents, and employees, as well as to the people of Taiwan," AIG Chief Executive Officer Robert Benmosche said.

Nan Shan serves about four million policyholders and has a network of 24 branches, 450 agency offices and nearly 4,000 employees.

Indian Sports News

Younus quits captaincy after match-fixing charges

Islamabad:An annoyed Younus Khan quit captaincy of the Pakistan cricket team after being grilled by the National Assembly Standing Committee on Sports, which wanted him to explain the team's performance in the recent Champions Trophy.

The standing committee had asked Pakistan Cricket Board chairman Ejaz Butt, Younus, coach Intikhab Alam and manager Yawar Saeed to explain their defeat against Australia and New Zealand in the Champions Trophy and the Pakistan captain was upset at the grilling.

It was not immediately known whether the Pakistan Cricket Board has accepted his resignation or were persuading him to re-consider his decision. Television reports said that PCB has rejected his resignation.

The hostile parliamentarians raised a number of questions on the team's performance in those two matches in the backdrop of allegations that the cricketers tanked those games.

Younus got so annoyed with the allegations that he tendered his resignation, something he had warned earlier.

Other officials, however, were more restrained in their response and tried to convince the parliamentarians that the players could not be blamed for those defeats since it's all part of the game.

They said it was just not Pakistan's day when they lost those matches.

The standing committee did not look too perturbed with Younus' sudden resignation, which they described as an internal matter of the PCB.

The 31-year-old Younus, who had led Pakistan to Twenty20 World Cup triumph earlier this year, faced harsh criticism after the team crashed out in the semifinal of the Champions Trophy.

A provincial Sports Minister, who happens to be a PCB Governing Council member, raised match-fixing allegations, while others sniffed an Indian conspiracy behind Pakistan's early ouster from the tournament in South Africa.

Wayamba beat Victoria, but misses out on Super8 berth

New Delhi: Wayamba Elevens defeated Victoria Bushrangers by 15 runs in last Group D match of the inaugural Champions League Twenty20 but it was not enough for the Sri Lankan side to progress to the next stage of the event as they missed out on net run-rate.

After posting a paltry 118 for nine on the board, Wayamba needed to restrict Victoria under 83 to qualify for the next stage, but they failed to do so, thereby losing out a Super Eight spot to Delhi Daredevils and the Australian side.

Daredevils will now play their first league match in Bangalore on Saturday, and will return to the home turf to round off their league outing.

Brad Hodge top-scored for Victoria in their wayward run-chase with unbeaten 44 off 52 balls, while Andrew McDonald remained not out on 27 off 16 deliveries.

For Wayamba, Chanaka Welegedara was pick of the bowlers, scalping two wickets for 18 from his four overs.

Earlier, Shane Harwood (3/14) ripped apart the Wayamba Elevens batting line up while Clint MCKay (2/24) and Andrew McDonald (2/19) complemented him ably to restrict Wayamba to a paltry 118 for nine.

Jeevantha Kulatunga (42 off 39 balls) and Michael Vandort (42 off 44) were the lone bright spot in the Wayamba batting chart with the duo sharing 81 runs for second wicket but still could not manage to guide the Sri Lankan side total past 120 mark.

Defending the modest total, Chanaka Welegedara gave Wayamba a dream start, getting the vital wicket of Rob Quiney with Victoria yet to open their account.

Monday, October 12, 2009

Latest News in India

Games panel chief subtly warns India: Time is your biggest enemy

NEW DELHI: Wary of further slippages in the capital's preparations, the Commonwealth Games Federation has decided to form an independent monitoring panel for the 2010 edition of the Games and bluntly reminded the Organising Committee that time was the "biggest enemy".

In a subtle message to the organisers, the CGF president Michael Fennell said that an independent technical panel will monitor the capital's progress so that it meets all the new deadlines, though Delhi could still host a successful Games event next year.

"I have no doubt that the 2010 Games can still be great Games, provided all corrective measures are taken and there is no further slippage," Fennell told reporters here.

“Every single CGF delegate is impressed with India's hospitality. We feel that the venues will be ready in time, but there cannot be slippages,” said Fennell.

He welcomed the decision to get more foreign experts on board but made it clear that the Organising Committee would be strictly monitored in their final year of preparation.

"The CGF Executive Board has decided to establish a high-level, independent, technical review panel, that will monitor the progress. This panel will comprise of Chairman and other members who will be experts in their field. They would give us monthly report on in an open, transparent fashion," said Fennell, who has been critical of the capital's tardy preparation.

The Commonwealth Coordination Commission would also maintain its monitoring, he said. M"The Commission will continue its visit and they would come next on December 14 to address all key areas and all operational areas," Fennell said.

Reminding that time was running out fast, Fennell said, "Two years before the Games, I had told the OC that time was not your friend and now one year before it, I say time is your enemy. But together, we can defeat it."

Fennell said a Chef-de-Missions meeting would take place in March next year where the head of the missions would take stock of the progress and return home accordingly.

The CGF chief identified infrastructure and security as two important areas and sounded confident with both.

"A great deal has been discussed and achieved. Despite lagging behind, we feel the venues would be ready in 2010 well before testing events. That remains a top priority because venues cannot afford anymore slippage and it should be ensured that the new deadlines are met.

"We fully acknowledge the strong commitment of the Indian and Delhi government to complete the venues and Games Village on time and with due diligence, this can be done," he said.

On the safety aspect of the Games, Fennell said, "During the visit, we also witness the commitment of security. Everyone here for the CGF General Assembly felt they have been operation in a safe and secure environment and this can be extended to the Games itself.

Pak court dismisses FIRs against 26/11 accused Hafiz Saeed

Pakistan's Lahore High Court on Monday dismissed the FIRs lodged under anti-terrorism act against JuD chief Hafiz Mohd Saeed, who is the main
accused in the 26/11 terror attacks.

“Anti-terror law does not apply to Saeed,” the high court said while dismissing the two cases adding he could not be charged under the act as his outfit was not banned in the country.

A two-judge bench of the Lahore High Court issued the order in response to a petition filed by Saeed last month in which he had challenged two First Information Reports (FIRs) registered against him by police in Faisalabad city of Punjab province under the Anti-Terrorism Act.

The Jamaat-ud-Dawa chief is the alleged mastermind of the Mumbai terror attacks in November 2008 in which more than 170 people were killed.

Saeed’s lawyer A K Dogar has all along claimed the case against his client was weak. Dogar told the court that his client was a "law-abiding" citizen. Neither Saeed nor the JuD is involved in any illegal activities, he claimed.

Pakistani police had registered the two FIRs under the Anti-Terrorism Act against Saeed for making speeches last month in which he incited people to wage jehad against infidels.

The cases were filed in connection with Saeed's visit to Faisalabad on August 27 and 28. While addressing the gatherings, Saeed reportedly highlighted the importance of jehad and incited his followers to wage war on infidels. "Saeed had also sought donations from the gatherings for jehad," a source in a law enforcement agency said.

During the hearing, the counsel for the Punjab government acknowledged that the JuD was not in the list of banned terrorist groups. He said the JuD was only included in the government's watch list after the UN Security Council declared it a terrorist organisation last year.

Saeed was placed under house arrest in December last year after the JuD was declared a terrorist organisation by the UN Security Council. He was freed on the orders of the Lahore High Court in June.

Pakistan’s interior minister Rehman Malik has said on several occasions that the JuD had been banned, but official sources have said that no formal notification has been issued so far to proscribe the group.

India has been insisting that Pakistan should take action against Saeed for his alleged role in masterminding the Mumbai attacks but Islamabad has said the evidence provided by New Delhi against the JuD chief is not adequate for arresting or prosecuting him.

I have no faith in Indian court: Kasab

MUMBAI: After facing trial in the Mumbai attack case for nearly six months, the lone surviving Pakistani gunman Ajmal Kasab today said he had "no
faith" in Indian court and made a dramatic plea for transfer of the case to an international court.

But Judge M L Tahaliyani rejected 22-year-old Kasab's plea saying "it is misconceived".

"I have no faith in Indian court and this case may be transferred to an International court", Kasab said in an application to the court. He had moved the application written in his own hand in Urdu.

The application was filed through jail authorities who translated it into Marathi and produced before the court.

The judge asked Kasab whether he had written the application and he replied "ji huzoor" (Yes, Sir).

The trial of Kasab, whom police formally charged in February with several offences including "waging war" against India, began on March 23 via a video link with his Arthur Road prison in Mumbai. Kasab and other suspected Laskhar-e-Taiba (LeT) operatives killed 166 people in a three-day rampage in the city on November 26 last.

In another development, the judge also rejected the plea of co-accused Fahim Ansari to stay the proceedings on the ground that he had filed a petition in the Bombay High Court seeking transfer of the 26/11 case to some other court alleging that the recording of evidence was incorrect.

"This is yet another attempt by the accused to delay the trial", noted judge Tahaliyani while rejecting Fahim's plea to stay the proceedings.


J'khand-Bihar bandh: Maoists blow up rail tracks, telecom tower

Ranchi: Maoists on Monday blew up railway tracks and torched three trucks in Jharkhand and blasted a tower of a private telecom firm besides blocking roads in Bihar during a two-day shutdown called by them in protest against the Centre's decision to crackdown on naxals.

In Jharkhand, Maoists blasted railway tracks at Jharandih in the Coal belt Industrial Chord section in Dhanbad which led to the Shaktipunj Express and local trains being held up at various points, Senior Public Relations Officer of Dhanbad Rail Division Amrendra Das said.

A group of 12 armed Maoists also set fire to three trucks in Giridih district's Isri area and blocked the Dumri-Giridih road with felled trees, Giridih Superintendent of Police Ravi Kant Dhan said.

They also partially damaged a road bridge connecting Dumri to the Grand Trunk Road using explosives, the police officer said, adding gunshots were heard being fired in the area.

In Bihar, armed Maoists bombed a tower of a private telecom firm with dynamite at Salaiya village and dug roads in Aurangabad district, officials said.

They also dug up a 15 metre stretch of a road at Chanda village in the district disrupting traffic between Deo and Dhibra on Monday morning.

The Maoists left behind pamphlets claiming responsibility for the attacks, the sources said.

Indian Business News

Mumbai: Billionaire Anil Ambani's call to end a bitter feud with his elder brother Mukesh over the split of the Reliance business empire is unlikely to lead to a quick resolution before a hearing in a feud over gas supplies.

Shares in firms controlled by the brothers rose on Monday, on hopes for a resolution after Anil Ambani on Sunday made an impassioned call to end the impasse, but analysts said the gains may be short lived.

"The rise is just a knee-jerk reaction to Anil's comments yesterday," said Alex Mathews, head of research at Geojit BNP-Paribas Financial Services.

The Reliance empire, which spans energy, telecommunications and financial services, was split between the brothers in 2005 following the death of their father, Dhirubhai Ambani, a legendary Indian business tycoon who built Reliance from scratch.

The siblings have since been involved in several disputes, the latest over a deal for Mukesh Ambani's Reliance Industries to sell gas to Anil Ambani's Reliance Natural Resources at below-market rates as agreed in a 2005 family settlement brokered by their mother, Kokilaben.

RCom may have inflated revenues

New Delhi: A government appointed auditor is understood to have found inflation of revenues by Rs 2,915 crores by Anil Ambani group firm Reliance Communications in 2007-08, besides evasion of Rs 315 crore in licence fee -- findings termed as "biased" by the company.

When contacted DoT sources confirmed receipt of the report by auditors Parekh and Co and said that it is yet to examine the findings. DoT would ask for RCom's response later.

"RCom is in full compliance of licence terms and conditions," a company spokesperson said, adding that "Auditors' alleged comments are biased and appear instigated by corporate rivals... Premature leakage of confidential report to media reflects the Special Auditors' prejudice/bias.

"All revenues for FY'07 and '08 are correctly reported in RCom's audited account. Alleged comments of special auditor do not reflect any under-reporting of revenue... licence fees."

The special audit committee report that has been submitted to the DoT found that for FY'08 actual wireless revenue earned by the company was only Rs 12,298 crore as against Rs 15,213 crore reported to the shareholders, which is an over reporting of Rs 2,915 crore.

It also found that RCom evaded licence fee and spectrum fee to the tune of Rs 315 crore.

DoT is awaiting the report of four other companies namely Tata Teleservices, Bharti Airtel, Vodafone and Idea from the respective auditors appointed by it and the government, if warranted, will take necessary action after examining the reports.

Sources, quoting the report, said that the telecom firm may have also violated TRAI and DoT rules.

Indian Sports News

New Delhi: Commonwealth Games Federation chief Mike Fennell says many of the reports on Delhi's tardy preparations for the 2010 Games are "not quite accurate" and the government of India is paying full attention to hosting the event successfully.

"We are coming here in the midst of many adverse reports about Delhi, reports that are not quite accurate," Fennell, who has been quite critical in his assessment of Delhi's preparedness in the past, said while inaugurating the Commonwealth Games Federation General Assembly in New Delhi.

"But one conflicting fact is that attention is being paid by the government of India through (Sports) Minister M S Gill, who has given qualified assurance that all the resources that are necessary to ensure the successful celebration of the Games in 2010 will be provided by the government," he added.

Fennell, who has inspected various venues including the Games village in the past couple of days, had shot a letter to Prime Minister Manmohan Singh last month expressing concerns about the preparations.

Meanwhile, Sports Minister M S Gill also sought to assure the CGF of Delhi's preparedness, saying the capital would host the Games successfully and the city should not be compared to previous hosts like Melbourne.

"This is not Melbourne. This is not Glasgow. This is 15 million people in one of the greatest cities in India. We are Team India and the government of India is in total support without hesitation," he said at the CGF General Assembly inauguration," Gill said.

"This (organising ) committee has been given a renewed and expanded mandate that it will take all steps and all decisions as necessary to see the Games are ready and complete and properly done for the good name of India," the minister added.

Stung by Cobras, RCB and Otago to fight for survival

Bangalore: Both smarting from their defeats at the hands of Cape Cobras in their tournament openers, local favourites Royal Challengers Bangalore and New Zealand's Otago Volts would be desperate to put their campaigns back on track when they meet in their second group C match of the Champions League Twenty20 cricket tournament here on Monday.

Anil Kumble's Royal Challengers and Craig Cumming's Otago Volts were both stung by South African side Cape Cobras in their respective opening matches, leaving them with no other option but to raise their game if they are to keep alive their hopes of progressing to the league stage of the tournament.

The Royal Challengers lost to Cobras despite a good batting performance and it was a mixture of poor bowling and JP Duminy's batting pyrotechnics that did them in. Robin Uthappa and Ross Taylor have shown that they are in good nick and any batting order that includes the likes of Rahul Dravid, Virat Kohli, Jacques Kallis and Mark Boucher is bound to keep their opponents sleepless nights.

But for the Bangalore side, bowling remains their biggest chink in the armoury and their inability to defend a 180-run target against the Cobras expose the frailties of their leather-flingers. Praveen Kumar has been among the wickets but could not stem the run flow while Vinay Kumar, Roelf van der Merwe and even Kumble looked clueless against Duminy.

The IPL runners-up might still prevail over their Kiwi opponents tomorrow since Otago's was a worse performance against the Cobras. The side Craig Cumming allowed the Cobras to post 193 and chasing the target, folded for 139 in 17-odd overs.

Thursday, October 8, 2009

Latest News India

18 policemen killed in shootout with Naxals

GADCHIROLI (Maharashtra): In a brazen attack, Naxals on Thursday ambushed a police patrol party mercilessly gunning down eighteen policemen here,a day after Union Home Minister P Chidambaram gave a stern warning to the left-wing extremists to abjure violence or face action.

The policemen including a sub-inspector on patrol duty walked into an ambush set up by about 150-200 Naxals under the Laheri police station of the district, bordering Chhattisgarh, and were shot dead in an encounter that lasted over three hours.

The bloodbath comes two days after a Jharkhand police intelligence officer was beheaded by the Maoists in Ranchi district of the state.

The Gadchiroli attack took place a few hours before the Cabinet Committee on Security (CCS) chaired by Prime Minister Manmohan Singh in the national capital discussed the growing Naxal threat in various parts of the country and measures required to counter it.

A police party of nearly 40 personnel were conducting search operations in the district following intelligence inputs that Naxalites had assembled in the area.

The police party while returning suddenly came under heavy fire and retaliated, District Collector Atul Patne told PTI over phone.

Sub Inspector C S Deshmukh along with 17 jawans were killed in the encounter, Patne said.

Patne said the Left-wing extremists used sophisticated weapons on the police party which was completely outnumbered.

"As many as two platoons of BSF (50 personnel) and additional police force was rushed to the spot and they could manage to save the rest of the policemen caught in the heavy fire," he said.

The naxal attack came five days ahead of assembly elections in Maharashtra.

The killings took place two km from Lahiri police post in Bhamragad tehsil of the district.

In February, 15 policemen were killed in Naxal attacks and in May, 16 police personnel, including five women, lost their lives in another Naxal strike in the district.

Taking stock of the situation, the Centre rushed additional paramilitary forces to the area, Home Secretary G K Pillai said.

Inspector General of Police, Nagpur Surendra Kumar said combing operation were underway but said the terrain was very difficult.

"We could send some relief parties there and they have secured the area," District Superintendent of Police S Jaya Kumar said adding efforts were being made to airlift the injured.

Meanwhile, Maharashtra Home Minister Jayant Patil expressed outrage at the incident, saying the killings will strengthen the resolve of the state government in tackling the Naxal menace.

Earlier, Maoists had set ablaze a gram panchayat office in Gadchiroli district.

The incident comes two days after the beheading of Jharkhand police officer Francis Induwar. Home Minister P Chidambaram had yesterday said the security forces will engage the Maoists till they abjure violence and the air force will take steps to protect itself from any Naxal attacks.

"As long as the CPI-Maoists believe in an armed liberation struggle, we have no option but to ask our security forces to engage them, we will arrest them, we will apprehend them," Chidambaram had said in Mumbai.

Would like to see Rahul Gandhi as PM: Jaya Prada

NEW DELHI: Their parties are not on the best of terms, but actress-turned-Samajwadi Party MP Jaya Prada wishes to see Congress general secretary Rahul Gandhi as the country's prime minister.

"It is good to see Rahul Gandhi active in politics; he is working hard to understand the ground realities and problems of people; and we (the people of India) would like to see him as the country's prime minister," Jaya Prada said.

Asked if that was the view of her party as well, she said: "It is not about my view or the party view, good work has to be recognised and everyone is seeing his (Rahul Gandhi's) efforts".

She is currently in Maharashtra campaigning for the upcoming state assembly polls there.

Jaya Prada, 47, who first entered parliament as a Rajya Sabha MP in 1996 at the age of 34, is not as impressed with the work of the Congress-led United Progressive Alliance (UPA) government at the centre.

"The UPA government talks more and works less. Most of its schemes look impressive on paper while they are not implemented properly at the grassroots level even in Congress-ruled states," Jaya Prada said.

She herself is a second-time MP from the Rampur constituency in Uttar Pradesh, a state that forms the base of the Samajwadi Party but where it did not fare well in the April-May general election.

It was during the general election that ties between her party and the Congress nosedived. The number of Samajwadi Party MPs from the state went down to 22 from a tally of 28.

But she said: "We have not fared badly, we have an impressive number of MPs in the state and in future we will work hard and bounce back with a majority in the 2012 assembly elections".

When asked about the Congress tally going up to 21 in Uttar Pradesh in 2009 compared to just nine in 2004, Jaya Prada said the public was angry with the performance of the Mayawati government and also fed up with the sectarian agenda of the Bharatiya Janata Party (BJP). Hence they voted for the Congress, she said.

However, she said: "Now, people are realising that the Congress is not in a condition to form a government in the state and they will vote for Samajwadi Party in future".

The Rampur seat once used to be a Congress stronghold in the state. She was recently reported to have been frightened to tears while touring her constituency during floods.

She said: "I was touring my constituency to know the problems of the people and their sufferings made be sad. I had been working for them, but a lot has to be done."

Asked about the controversy during the Lok Sabha elections when former Samajwadi Party leader Azam Khan made unsavoury allegations against her, she said: "Everyone from the party supported me except him.

"I was hurt by what all happened, but I don't carry any bitterness against him. I have always considered him my brother."

Born in Rajahmundry in Andhra Pradesh, Jaya Prada entered politics in 1994 after joining the Telugu Desam Party (TDP) at the invitation of N.T. Rama Rao.

But now she is firmly entrenched in the Samajwadi Party and is satisfied with her second innings as Lok Sabha MP.

"I feel great, this is the verdict of the people for a person who has worked for them. Also, it is the recognition of the work of a woman politician who has performed against all odds," she said.

12 killed, 83 hurt in blast outside Indian Embassy in Kabul

Kabul: A suicide bomber on Thursday blew up his car outside the compound of the Indian Embassy in the Afghan capital killing at least 12 people and leaving 83 wounded, including three ITBP jawans, in a fiery blast that had all the hallmarks of Taliban.

The powerful blast blew up the mission watch tower, destroyed vehicles and left a trail of death and destruction with Indian Ambassador Jayant Prasad saying, "Indian Embassy was the target."

"A suicide car bomb took place near the Indian Embassy in which 12 people were killed and 83 wounded. Most of the wounded are civilians," Interior Ministry spokesman Zemaral Bashry said.

The Indian Ambassador said, "We have confirmed reports of nine killed, four critically injured and 12 others severely wounded. The toll may go up."

But the suicide bomber failed to breach the Embassy's security perimeter and Prasad said, "no mission staff or Indian had been killed in the attack."

Three ITBP jawans guarding the barricaded Embassy compound received minor injuries in the blast which occurred at 0827 local time (0927 IST), Foreign Secretary Nirupama Rao said in New Delhi.

This was the second attack on the Indian mission here as last year a suicide car bomber had rammed the front wall of the Indian Embassy, killing 60 people in the strike blamed on Taliban militants linked to Pakistan's intelligence service ISI.

Rao said the security measures for the personnel and the mission taken after the 2008 attack have "worked effectively and have been able to prevent" what could have been a bigger tragedy today.

After flood, epidemic fear

Hyderabad/New Delhi: The Andhra Pradesh government faces its toughest task yet since the floods as it grapples with threats of outbreak of post-flood epidemics. Krishna, Kurnool, Guntur, Kadapa and Mahabubnagar districts, which were ravaged by the floods and remained underwater for six days, now face the possibility of the outbreak of cholera, malaria, diarrhoea and even plague is being feared.

The situation has improved in the worst-hit Krishna district where flood waters have receded, giving an opening to relief and rescue teams and health workers to reach out to the marooned villages. Still, more than 200 villages remain cut-off and food and medicines are being air-dropped by IAF choppers. The state has decided not to provide cooked food packets in areas where people can cook if they are provided rations. Several people fell ill after eating stale food distributed in Kurnool district on Tuesday. Drinking water supply has also not been restored as pipelines are clogged with silt and debris.

The South Central Railway has cancelled all train services between Repalle and Tenali because of the flood, officials said.

“The toll in Andhra Pradesh stands at 63 and water is receding fast. Since the outflow at Prakasam barrage at Vijayawada is now 7.8 lakh cusecs against 10.7 lakh cusecs yesterday, there is a definite improvement,” Relief Commissioner Dinesh Kumar said.

In Krishna and Kurnool districts, thousands of animal carcasses, rotting debris and silt have accumulated on the roads. Without enough workers and machines to clear them, they have been lying there since the floods ravaged the area on October 2. Revenue, Relief and Rehabilitation Minister D Prasada Rao said though flood water had receded considerably, 573 villages in the five flood-hit districts still remained inundated.

India's swine flu toll touches 374

NEW DELHI: Eight swine flu deaths, five of them in Maharashtra, were reported on Thursday, taking the toll in India to 374, health authorities here said.

As many as 146 new cases were also reported in the country, pushing the total number of people affected with the flu to 11,507. For the first time since the outbreak of the contagious flu May 16, seven positive cases were reported from the distant Andaman and Nicobar Islands.

With the five deaths in Maharashtra, that has reported the maximum number of deaths and cases in the country, the toll in that state has jumped to 153.

While three swine flu deaths were reported in Maharashtra Thursday, two earlier deaths' laboratory confirmation came Thursday, state health authorities said.

In Karnataka, one death was reported. But two people, who had died earlier, were found to have succumbed to swine flu after the lab reports came positive for the flu. The deaths due to the H1N1 virus in the southern state have now reached 106.

Of these 106 swine flu deaths in Karnataka, 71 were in Bangalore and the remaining from other parts of the state.

"Till date, samples from 48,355 persons have been tested for Influenza A in government laboratories and a few private laboratories across the country, and 11,507 of them have been found positive," an official statement here said.

Of the 146 new cases Thursday, 44 were from Delhi. With these, the number in the Indian capital has gone up to 2,941 - the second highest after Maharashtra in the country.

Maharashtra reported the second highest new cases Thursday -- 35. This takes the total cases in the state to 3,187 - the highest in the country.

New cases were also reported from Kerala (18), Haryana (12), Tamil Nadu (10), Andhra Pradesh (nine) and Uttar Pradesh (one).

Indian business News

RBI set to tighten policy in 2010: Moody's

Mumbai: The Reserve Bank of India is set to raise its key short-term interest rates soon, as inflationary pressures build, but it is likely to wait until the start of 2010, Moody's Economy.com said.

The Reserve Bank of India (RBI) could start raising its repo and reverse repo rates before end-2009 but is likely to wait till the beginning of the next calendar year and might also opt to increase banks' cash reserve ratio first, the unit of Moody's Corp said in a note on Thursday.

Inflationary pressures are elevated in India as the poorest monsoon in decades has led to a drought in key agricultural areas.

Moody's Economy.com also said that delays in withdrawing monetary stimulus could see India's inflation becoming broad-based.

India's headline inflation rose at a slower-than-expected pace at the end of September on firm food prices, adding to the debate over when the RBI should exit from its accomodative monetary stance.

The RBI governor has said India needs to exit from excessively accomodative monetary and fiscal policies but there was no consensus on when or how, given competing concerns about growth and inflation.

"The RBI will walk a fine line between dampening inflation while keeping growth robust, but to its credit it has successfully navigated similar situations before," Moody's Economy.com said.

Inflation eases to 0.7 pct Sept 26

New Delhi: The wholesale price index rose 0.7 per cent in the 12 months to Sept. 26, lower that previous week's annual rise of 0.83 per cent, government data showed on Thursday.

It compared with a median forecast of a 0.99 per cent rise in a Reuters poll.

The annual inflation rate was 12.08 per cent during the corresponding week of 2008.

Private sector economists have said inflation could reach as high as 8 per cent by the end of March.

A policy adviser said on Monday inflation could be around the comfort level of 5 per cent by the end on 2009/10 with easing of speculative pressures on food prices.

Oil rebounds to USD 70.40 a barrel

Singapore: Oil rebounded in Asian trade on Thursday, lifted by strong regional stocks, which rallied after US aluminium giant Alcoa said it swung to profit in the third quarter.

New York's main contract, light sweet crude for November delivery, was up 83 cents to USD 70.40 a barrel in morning trade.

Brent North Sea crude for November delivery climbed 82 cents to USD 68.02.

"Oil is drifting up as Asian stock markets are also trading higher," said Victor Shum, a senior principal with energy consultancy Purvin and Gertz in Singapore.

He said news that Alcoa had returned to profitability after three consecutive quarters of losses drove stocks and oil prices higher.

Alcoa said its net income was USD 77 million, compared with a net loss for the second quarter of USD 454 million.

It was the first company in the blue chip Dow Jones Industrial Average index to announce results for the September quarter.

Revenues were USD 4.6 billion compared with USD 4.2 billion in the second quarter, a nine per cent increase, Alcoa said in a statement.

Alcoa's report is "very positive and this really marks a strong start for the third quarter corporate earnings season," Shum said.

"This sparked the stock markets in Asia to turn up and oil has gained along with them," he added.

Indian Sports News

Bangalore:The inaugural edition of the Airtel Champions League Twenty20 tournament kicked off with a dazzling opening ceremony marked by laser shows and musical performances by reputed international stars at M Chinnaswamy Stadium here on Thursday.

Reggae singer Shaggy, Grammy winner Chaka Khan, British pop star Jamelia and Shaolin monks from China set alight the star-studded opening ceremony as thousands of spectators thronged the stadium to have a glimpse of the spectacle.

The proceeding started with skippers of the twelve participating teams exchanging flags and taking the "MCC - Spirit of Cricket" before leaving their hand prints in clay, as an attestation to play the game within the spirit of cricket.

"It is an incredible moment. I hope this champions league helps the game to grow and expand. The birth of this new concept could not have been possible without the support of the different Cricket Boards," Champions League Commissioner Lalit Modi said.

After the inaugural speech, twelve world-renowned Japanese drummers took centrestage, followed by international dancers in Michelle Ferranti costumes.

American R&B singer-songwriter Yvette Marie Stevens, better known as Chaka Khan, then entertained the audience with her hit single "I Feel For You".

Then there were the acrobatic cube artists showing their feat followed by the Shaolin monks from China who displayed Tai Chi, Kung Fu and Chi Kung movements in an adrenalin-packed sequence, surrounded by the agile Kalaripayattu artists.

Shaggy then enthralled the audience with his song "Feel the Rush", which was the official anthem for the mascots of the Euro 2008 football tournament. His performance was accompanied by a multi-coloured laser show and eight wind dancers.

No change in existing format of IPL as of now: Lalit Modi

Bangalore: Indian Premier League Commissioner Lalit Modi on Thursday dismissed speculation that the number of foreign players allowed in the teams could be increased next year, saying the number would remain unchanged at four.

"There can be speculation that the number of foreign players would go up to six or more in IPL teams. IPL is purely a domestic cricket. As of now, there is no change in the existing format of permitting not more than four foreign players in a team," Modi told reporters here.

"IPL is a domestic league. It will remain so. The objective is to encourage young talent in India," Modi, also the head of the Champions League, the new version launched to promote club cricket in the country, said.

The launch of Champions League will usher in rapid growth of club level cricket around the world, Modi said.

"Currently we don't have plans to take the Champions League to non-cricket playing nations, but it may be a possibility someday", he said.

The matches are, however, being telecast worldwide in several countries to enable people, who have not seen cricket before to watch it, Modi said.

In the inaugural match of the Champions League, being held in India on Thursday, Royal Challengers, Bangalore, takes on Cape Cobras.

The first day's tickets here have been sold out and the response is good, Modi said.

"We expect similar response in other places also. We are examining how best we can help the flood affected. It is on cards. We are still in discussion," he said, when asked whether part of the tournament earnings will be donated for flood relief operations in rain-ravaged Karnataka and Andhra Pradesh.

Tuesday, October 6, 2009

Latest News in India

Despite improvement in AP flood situation, toll mounts to 55

Hyderabad: Though the flood situation in Andhra Pradesh showed marked improvement, the death toll in the deluge on Tuesday shot up to 55 with 17 more fatalities reported from the affected districts overnight.

The situation showed signs of improvement with the state having a clear weather, but reports of flood-related deaths continued to pour in with official toll standing at 55 so far. A population of little over 15.75 lakh continued to reel under the impact of floods that submerged large areas of human habitation and damaged crops in five districts of Kurnool, Mahabubnagar, Krishna, Guntur and Nalgonda. Over 3,59,799 flood victims have taken shelter in 277 relief camps, officials sources said.

The water level in Prakasam Barrage is 21.8 feet where the inflow stood at 10.97 lakh cusecs and outflow 10.8 lakh cusecs, according to the latest official information. The water levels at Srisailam and Nagarjuna Sagar Dams this afternoon stood at 892.40 feet (Full Reservoir Level 885 feet) and 587.1 feet (Full Reservoir Level 590 feet) respectively and was receding. The outflow was recorded at six lakh cusecs and 6.59 lakh cusecs respectively. The state government has already demanded an interim aid of Rs 6,000 crore from the Centre. UPA chairperson Sonia Gandhi had yesterday undertaken an aerial survey of the flood-hit districts to take stock of the situation.

Funds no constraint for flood-hit states: Chidambaram

New Delhi: The Centre assured flood-ravaged Karnataka and Andhra Pradesh that funds will not be a constraint for relief and rehabilitation and asked them to focus on providing succour to the affected people.

Home Minister P Chidambaram, who visited the flood-hit areas of the two southern states, said the state governments may utilise the Calamity Relief Fund (CRF) immediately and once 75 per cent of CRF is exhausted, the states may draw on the National Calamity Contingency Fund (NCCF).

"Advances from NCCF will be provided. As soon as the state government concerned is ready to receive the Central team, a team will be sent to the state to assess the damage according to well established norm," he said in a statement.

"I wish to assure the state governments that availability of funds will not be a constraint and that they should focus on providing relief to the affected people," he said.

The measures have been taken after consultation with Prime Minister Manmohan Singh.

Chidambaram said further measures would be considered on the return of Finance Minister Pranab Mukherjee from his trip abroad on Wednesday.

"We have advised these interim measures in order that rescue and relief operations should continue without hindrance," he said.

Chidambaram made an aerial survey of the flood-hit areas along with UPA chairperson Sonia Gandhi yesterday. "We were deeply moved by the scale of the calamity. The loss of life, property, cattle, and standing crops is enormous. Lakhs of people have been accommodated in camps. Rescue and relief operations are in full swing, and it may take a few more days for the situation to stabilise. There will be more work to be done in the days and weeks ahead," he said.

Karnataka flood toll 192, 2 lakh houses damaged

Bangalore: Having placed a request with the Prime Minister and Home Minister for a grant of Rs 10,000 crore under the National Calamity Contingency Fund (NCCF) for mitigating the flood damage across 15 districts of north Karnataka, Chief Minister B S Yeddyurappa on Monday announced plans for a padyatra across Bangalore to collect funds and relief material.

Yeddyurappa, who reviewed flood damage in Bellary district along with Congress president Sonia Gandhi and Home Minister P Chidambaram on Monday, later told reporters that a day-long march to collect relief material and funds would be held on October 7.

In the initial phase of relief work, the Karnataka government would build one lakh homes for the benefit of people left homeless by the unprecedented flood situation in the state, Yeddyurappa said on a day when the rain receded and flood waters further subsided.

The death toll in Karnataka has been put at 192 and as many as 17.8 million people have been affected by the floods, according to the state government. Over two lakh homes have collapsed or have been damaged, according to the state government records.

While agricultural crops in the 15 districts have been completely lost, the road network and electricity lines have been badly damaged. Officials in the northern city of Hubli said the fallout of the floods on the agriculture economy was likely to be witnessed over the coming days.

In a letter to the Prime Minister and Home Minister, Yeddyurappa has put the value of the estimated damage to crops and properties at over Rs 20,000 crore.


Karnataka turns focus on relief operations after floods recede

Bangalore: With the flood situation easing steadily, Karnataka government has now turned its focus on marshalling resources to take up relief and rehabilitation operations in the rain-ravaged northern and coastal regions.

Based on initial reports, the state has estimated that the loss caused by the floods to roads, bridges, culverts, houses, village and infrastructure and standing crops in 25 lakh hectares area amounted to Rs 16,500 crore.

Around 2.5 lakh houses have either collapsed or damaged by the torrential rains with as many as 1.8 crore people affected. The death toll as of Monday was 194.

There is let up in the rains in the past two days, giving some respite to the flood victims.

"Karnataka is reeling under unprecedented floods caused by heavy rains", Chief Minister B S Yeddyurappa, who has camped in affected areas and been conducting aerial and overseeing rescue and relief works, said.

"This century's most severe rain has wreaked havoc in 18 districts and has jeopardised the life of the people", he said, adding "the rain has damaged property worth Rs 20,000 crore".

The state has submitted a memorandum to Home Minister P Chidambaram, who conducted an aerial survey of the floot-hit areas along with UPA Chairperson Sonia Gandhi, seeking Rs 16,500 crore for relief and rehabilitation works.

The state government has set up more than 1,200 rehabilitation centres and over 3.5 lakh rain and flood affected people are being provided food and temporary shelter.

The immediate task before the government is to reconstruct roads, supply drinking water, restore houses and power supply, provide health care and contain the spread of epidemic diseases in the affected areas, officials said. The government has appealed to the people, voluntary organisations, corporate bodies, and philanthropists to donate liberally for the "noble cause of wiping tears of the flood victims".

Army capable of countering Chinese military threat: Kapoor

NEW DELHI: Rubbishing the chances of a repeat of the 1962 Sino-Indian war which China won, Army Chief General Deepak Kapoor on Tuesday said the Army was "capable of defending" Indian territory and ward off any aggression.

"The Indian Army is capable of looking after and ensuring the defence of the country. It would take care of any aggression against Indian territory," General Kapoor said.

"The charter of the Army is to defend Indian territory at all costs. This talk of repeat of 1962 is totally incorrect and uncalled for," he said.

Stating that "offensive action" could not be part of any credible defensive posture, the Army chief added that his force was "sincere to ensure the defence of our country to the last drop of our blood."

The Army, Kapoor said, had the requisite capability to defend the Indian territory even if it means deployment of force multipliers. Strengthening and modernisation of the forces was a dynamic process, he added.

"It is an ongoing process and modernisation of the Army is going on. The Chinese too are modernising People's Liberation Army. We need to build our capabilities to be able to meet the challenges whenever it appears," he told Times Now.

On the incursions by Chinese military personnel on the Indian side of the Line of Actual Control (LAC) between the two countries, Kapoor said the transgressions by the PLA continued to be at the same level as last year.

"In 2009, so far, the number of transgressions have been almost exactly at the same level as during the corresponding period in 2008," he said.

Claiming that the Chinese military incursions were not under political orders from Beijing, Kapoor said: "There is no provocation (through incursions) per se. There is nothing to be alarmed about it."

The Army Chief said the Chinese have mentioned during Border Personnel Meeting about Indian Army patrols entering their side of the LAC. "Similar charges are made against our patrols," he said.

Blaming the non-demarcation of the LAC as a reason for differing perceptions on both sides, Kapoor said these kind of complaints would keep cropping up time and again till the time the demarcation took place.

Admitting that Indian Army patrols too went into areas perceived to be within their side of the LAC, he said the personnel do leave behind signs of their presence there, such as used food cans and water bottles.

"Obviously, our Army patrols do not carry back the used food cans and water bottles. They are left behind," he added.

On the reports of PLA helicopter dropping food cans in Ladakh in June this year, the Army chief said the Chinese claimed the helicopter was flying within their side of the LAC.

Kapoor said apart from raising the transgressions at Border Personnel Meetings, the Army also took up these issues up through the diplomatic channels.

Talking about China's space capabilities, the Army Chief said India too needed to improve its use of space for military applications "to defend ourselves and to our advantage."

Favouring a dedicated military satellite for Indian armed forces, Kapoor said it would not be wise to use foreign nation's satellites, as there were chances for error.

"When we use others' satellites, then the data could be slightly displaced. If it is our own satellite, we are sure the dimensions are correct," he said.

"We do not have (a dedicated military satellite). But we need to look at space and therefore we need to develop our equipment," he added.

Air India mid-air brawl: Pilot, flight purser suspended

NEW DELHI: State-run Air India on Tuesday suspended a pilot and a flight purser who were involved in a midair scuffle on Saturday aboard an international flight from Sharjah to Delhi, and put off duty the co-pilot and air hostess concerned.

"Yes, we have suspended the pilot and the flight purser and derostered the co-pilot and the air hostess concerned," a spokesperson of the airline said on Tuesday, adding an internal inquiry into the incident was still on.

The incident took place aboard the IC-884 flight that was also reportedly left unmanned during the mid-air scuffle that broke out between the pilots and cabin crew Saturday. But Air India Monday denied the flight remained unmanned during the scuffle.

The four were identified as Ranbir Arora, commander, Aditya Chopra, co-pilot, Amit Khanna, flight purser and air hostess Komal Singh.

The state-run airline grounded the pilots and the cabin crew, who were involved in the incident, after the Delhi Police registered a case of molestation against the pilots on a complaint by the air hostess.

The president of the Indian Commercial Pilot's Association (ICPA) Shailendra Singh spoke in favour of the pilots and said they were not at fault, and no person can barge into the cockpit and pick up a fight with the pilots.

"I have spoken to the pilot and the co-pilot. They had maintained there cool. There is a certain hierarchy in the cockpit that has to be followed," Singh told reporters here soon after the airline announced its action against the crew members.

The National Commission for Women has also formed a panel to probe the charges of assault levelled by the Air India air hostess against the two pilots after she filed a formal complaint on Monday.

"She came here and sat with me for six hours. She has filed a complaint with me. We have written to Air India to inquire into the matter and also informed them about the Supreme Court guidelines on sexual harassment at the workplace," commission chairperson Girija Vyas said.

The incident is understood to have originated in some verbal exchanges between the two sides during the pre-flight briefing session ahead of takeoff from Sharjah, the police said.

The Airbus A-320 from Sharjah was carrying 106 passengers and seven crew and had reached Lucknow when the matter was reported.

The case was registered here under Sections 323 (voluntarily causing hurt), 354 (assault or use of criminal force against a woman with the intent to outrage her modesty) and 34 (common intention) of the Indian Penal Code.

Maoists behead cop kidnapped to secure Ghandy’s release

Ranchi: Maoists beheaded Jharkhand police inspector Francis Induwar who had been kidnapped by the ultras a week back reportedly demanding release of three arrested Naxalites including Kobad Ghandy in exchange for the officer, an act termed as unacceptable by the Centre on Tuesday.

The body along with the severed head of 37-year-old Induwar, who worked in intelligence wing of the state police, was found near Raisha Ghati under Namkom police station area, about 12 km from here, Superintendent of Police (Ranchi Rural), Hemant Toppo, said.

Induwar, who is survived by his wife and three sons, had been kidnapped on September 30 by the Maoists from Hembrom Bazaar in Khunti district, about 70 km from here. The Maoists later reportedly demanded release of three rebels - Ghandy, Chhatardhar Mahato and Bhushan Yadav - in exchange for the officer.

The demand was said to have been conveyed to the authorities by outfit's South Chhotanagpur Committee Secretary Samarji by a telephone call to a local newspaper.

In Delhi, Union Home Minister P Chidambaram said that there had been no demand from the Maoists for any swap of the arrested Naxalites but termed the beheading as not acceptable.

"The cold blooded murder is simply not acceptable. I condemn it," he said.

Ranchi Senior Superintendent of Police, Praveen Kumar also denied any communication from the Maoists for the release of the officer of the Special Branch of Jharkhand police.

"The act was perpetrated out of sheer frustration following the arrests of several Maoists, including their central leaders," he said.

Indian Business News

Oil regulator Sibal fears for life from ADAG

New Delhi: Under attack for alleged favours granted to Mukesh Ambani-led Reliance Industries, oil regulator V K Sibal sought protection from the Government fearing a threat to his life from Anil Ambani group -- a charge denied by ADAG.

"I fear a threat to my life," Sibal wrote to home and petroleum ministries on a day when ADAG filed an application in Supreme Court alleging nexus between him and RIL and that this led to the regulator approving the increased capital expenditure in the Mukesh-led firm operated KG-D6 fields.

Incidentally, Central Vigilance Commission has asked CBI to probe the allegations of personal favours received by Sibal from RIL in lieu of approving the company's capex for KG-D6.

When contacted, an ADAG spokesperson said: "We have already approached Supreme Court on the role played by Sibal in favouring RIL."

Alleging a ‘witch-hunt’ by ADAG, Sibal wrote: "ADAG is a corporate giant with unlimited resources. It is clear from the recent actions of this group that they are bent upon damaging my professional and personal life... in view of this I will not be surprised if ADAG resorts to violent means to achieve their objective. Therefore, I perceive a threat to my family members and myself."

When contacted, Sibal confirmed writing the letters.

"ADAG has orchestrated a sustained campaign to malign me by alleging that I and my family members availed favours from RIL... ADAG has followed the sustained campaign by filing a petition in the Supreme Court," Sibal wrote.

FIIs sell shares worth Rs 156.97 crore

MUMBAI: Foreign institutional investors (FIIs) on Tuesday pulled out a net Rs 156.97 crore from the Indian stock markets.

Overseas investors were the gross buyer of shares worth Rs 4,060.84 crore, whereas they sold stocks worth Rs 4,217.81 crore, resulting in a net sell of Rs 156.97 crore, provisional data with the Bombay Stock Exchange (BSE) shows.

Domestic institutional investors also booked profit and sold equities worth Rs 767.57 crore.

Yesterday, FIIs were net seller of shares worth Rs 237.50 crore, as per the data with market regulator Securities and Exchange Board of India (SEBI).

However, proprietors and brokers, on the behalf of their clients, were optimistic and in total made a net investment of Rs 208.21 crore, according to the BSE data.

Non-resident Indians followed FIIs and sold equities worth Rs 1.15 crore.

Toyota recalls 3.8 mn vehicles in US

New York: In its largest 'safety recall' in the United States, Toyota Motor Corp. has asked 3.8 million vehicle owners of seven popular models to remove the floor mat of their car that could jam the accelerator pedal and cause a crash.

The world's number one automaker informed the US National Highway Traffic Safety Administration (NHTSA) that it will write to owners of the vehicles asking them to remove the floor mat while it works on a countermeasure.

The safety recalls concerns the Camry sedan, the top-selling passenger car in the United States, as well as the Pirus hybrid car, Lexus ES350, IS250 and IS350 luxury sedans.

The safety recall may deal a blow to the Japanese auto giant, Kyodo news agency quoted industry sources as saying.

The NHTSA said it has received reports of 100 related incidents, including 17 crashes and five fatalities involving Toyota vehicles.

In an earlier advisory, the NHTSA had urged owners to "make sure the driver-side floor mat is properly secured to the retention hooks on the floorboard."

Indian Sports News|Sports News

Pak team faces match fixing allegations at home

Karachi: Match-fixing has returned to haunt Pakistan cricket with the parliamentary committee on sports summoning PCB chief Ejaz Butt, captain Younus Khan and coach Intikhab Alam to seek explanation for the team's Champions Trophy loss to Australia after allegations of deliberate underperformance.

A senior parliamentarian, who heads the national assembly standing committee on sports, has accused the team of deliberately losing to Australia in the Champions Trophy in a group match.

Jamshed Khan Dasti said the standing committee would summon Butt, Younus and Alam shortly to explain the team's performance in the Champions Trophy.

"There is evidence that the team lost the match to Australia on purpose. It underperformed. Then against New Zealand also there are signs the team didn't want to win," Dasti alleged.

"We have been told by some respected and senior people and we are also trying to collect evidence that there might have been some hanky panky in the match against Australia and New Zealand," Dasti claimed.

Pakistan's last-ball defeat to Australia put India out of the Champions Trophy while their defeat to New Zealand in the semifinal came as a surprise to many.

Dasti lashed out at Butt and the team for disappointing the nation. "I can say we lost to Australia on purpose. And the team's performance against New Zealand was zero. We will get to the bottom of this whole affair and find out the truth the nation must know the truth of what happened in South Africa," he said.

Dasti said the standing committee would not allow corruption in cricket. "We want to see changes in the board and Butt must go because as it is he is too old for this job," he added.

SAI cannot be blamed for Usha's ill-treatment: Gill

New Delhi: Sports Minister MS Gill on Tuesday said Sports Authority of India cannot be blamed for the ill-treatment meted out to legendary athlete PT Usha in the 49th National Open Athletics in Bhopal since the event was organised by the Madhya Pradesh state government.

Talking to reporters, Gill wondered why Usha had blamed SAI after she had been offered a shabby accommodation in Bhopal, prompting the red-faced state government to shift her to a hotel.

"I have a special place for PT Usha. What I learn now is that she has come for the national athletics organised by the state government and their minister came on TV to apologise. If there was any drawback, it was on their part for whatever happened last night," Gill said.

"The SAI centre, in any case, offered her accommodation, the best they had to offer, and gave a car to transport her. I'm not clear why she had to suddenly talk of the SAI centre," Gill said.

Usha was offered an accommodation at the SAI hostel in Bhopal which she found sub-standard and the legendary athlete was in tears as she criticised the SAI officials for their apathy.

"The Industry Minister of the state government took her to the hotel and said some mistakes had happened. They were good to apologise. It was surprising that SAI was dragged in the issue," Gill said.