Showing posts with label NEW DELHI. Show all posts
Showing posts with label NEW DELHI. Show all posts

Wednesday, April 6, 2011

Govt bans food imports from Japan for 3 months

NEW DELHI: The Indian government on Tuesday suspended food imports from Japan over fears these may be contaminated by radiation from tsunami-hit reactors. Speciality restaurants that serve sushi and tofu assured these won't go off the menus immediately but predicted a price hike. 

So far, three samples of frozen rice and soft drink that arrived in India last Saturday have been sent for testing. 

The ban decision for three months or until such time as credible information is available that the radiation hazard has subsided to acceptable limits came at a meeting on Monday. The Food Safety and Standards Authority of India (FSSAI) will undertake a weekly review, the Union health ministry said in an advisory. 

Though import of food products from Japan is estimated at a little over $1 million during April-September 2010, the demand for fish and packed food products has picked up in recent years. Since October, the list of products that has entered the country from Japan included soybean curd, dried noodles, boiled mushrooms, radish paste, cooking sauces, roasted seaweed, flavouring extracts, tea bags, wheat flour, food additives and tofu. Now, these products would be off the shopping list. 

After discussions, it was concluded that since radiation was spreading horizontally to other parts of Japan, it could result in further contamination of food exports from Japan. The ban therefore should be extended, officials added. 

The ban puts India in a group of countries that include the US, China, Singapore, and Hong Kong, though not all food imports have been banned by these countries. 

Restaurant owners in Mumbai and New Delhi assured the ban will not take sushi off the table immediately. Restaurants don't always depend on Japanese seafood and salmon, for instance, comes from Scotland in many cases and for other ingredients (sauces, seaweed) there are substitutes available from Thailand, Vietnam or China. 

"I think the government should be pragmatic and rather than impose a blanket ban, it should consider checking every consignment for contamination. If it is found free of radiation the import should be allowed," said Farokh Khambata, owner of south Mumbai's Joss restaurant, who assured he had enough stock to last three months. 

One of India's largest importers of Japanese food is based in Pune. Suku Shah's firm Olive Tree Trading supplies to leading hotels and restaurants across the country. "I am unaware of the ban but I am sure the government has weighed the issue of safety thoroughly before enacting it," said Shah. "I guess a ban is a natural reaction to the given situation, and if a role reversal were to occur, Japan might do so too." 

"We were never importing vegetarian supplies anyway. As for salmon and other seafood, we can get them from Sweden for instance. For the rest, there are substitutes," said Saurabh Khanijo, managing director, New Delhi's Kylin. "We are not taking any dish off the menu," he added. 

However, he does admit that suppliers are raising prices. 

Sushil Kumar Chadha of Tamura in the capital is more worried. "We have stocks to last three months but if the ban continues beyond that, were in trouble," he said. The rising price of raw material is also his main concern. "Rates have gone up by 25-30% and might go higher. At present were absorbing it but I don't think we can for long. Our rates are already quite competitive," he said.

Friday, March 11, 2011

57 pilots found drunk on duty in '09-10, 11 lost jobs

NEW DELHI: Air travellers would do well to say a little prayer before taking a flight. Pilots faking flying hours was bad enough, but now it turns out there's a reasonable chance of the pilot turning up drunk for duty. And getting away with it. 

Between January 2009 and November 2010, as many as 57 drunk pilots were detected in random pre-flight medical tests – that is two tipsy pilots every month. Of these, only 11 lost their jobs for endangering passengers; the rest got away with mild punishments including being grounded for up to three months and a pay cut for some time. 

The country's largest airline, Jet-JetLite, led the pack with as many as 23 drunk pilots, none of whom was dismissed, according to a detailed statement by aviation minister Vayalar Ravi in the Rajya Sabha on Thursday. The ranking of airlines according to number of pilots caught drunk, in fact, almost mirrored the market share hierarchy. Market leader Jet was followed by IndiGo (11), Kingfisher (8), SpiceJet (7) and Air India, including IA, AI, AI Express and Alliance Air, (6) and GoAir (2). 

Jet, AI and GoAir did not terminate the service of any drunk pilot, according to the list given in Parliament though some kind of action was taken. IndiGo and SpiceJet sacked four pilots each, while Kingfisher sacked three. The rest got away with lesser punishment. 

Given the weak and divergent action taken by airlines, Directorate General of Civil Aviation(DGCA) had late last year ruled that pilots would have to be compulsorily grounded for three months when caught the first time. If they reported drunk for duty a second time, they would lose the commercial flying licence forever. But, the seriousness of the DGCA in cracking down on drunken flying is not reflected by the carriers. 

With the rule coming into effect, unsurprisingly, airlines reported that no pilots were found drunk in pre-flight medical tests conducted in the Yuletide month of December in 2010, when maximum such cases were detected in the past. The new rule had come into effect by then. 

Before this much-required change in rules, it was up to airlines to ground pilots for whatever period they deemed fit as the matter didn't invite any regulatory action. No record was legally required to be kept of how many times the same pilot had reported drunk for duty.

Saturday, March 5, 2011

PJ Thomas nearly quit in Dec, but chose to hang on

NEW DELHI: PJ Thomas could have escaped the ignominy of being sacked by the Supreme Court and spared the government a huge political embarrassment if he had heeded advice to quit. 

Months after Prime Minister Manmohan Singh and home minister P Chidambaram rode roughshod over Leader of Opposition Sushma Swaraj's resistance to put Thomas in the lead role at the anti-corruption watchdog, Congress leadership recognised that the CVC had turned into a political liability. 

Unfortunately for the government, the mild-mannered CVC suddenly became unyielding after initial indications that he would put in his papers. Negotiations with Thomas had progressed to the extent that his well-wishers had even sought advice on how to draft his resignation letter. He was to announce his resignation in the first week of December when the heat on UPA over corruption was growing. 

But all that was rendered irrelevant by Thomas's sudden refusal to go. He conveyed his resolve to the negotiators on December 4. Soon followed a defiant declaration that he was not going to follow the script written for him. 

Two theories have been put forward for the turnaround. According to one, Thomas changed his mind after a senior minister egged him on to stay put. The minister was concerned about loss of face. 

According to another theory, the about-turn was at the instance of Thomas's family members and close friends who warned him that quitting would taint him forever. A close relative is learnt to have told him that it could not be just his call as the matter concerned the reputation of the entire family. 

The episode is seen as yet another instance of the failure of the top babus in the regime. The set was supposed to have a leverage with Thomas — one of the reasons why Congress managers thought that they would be able to shake off what had become an albatross. But the estimate was belied, adding to the growing sense of resentment against the babus.

Thursday, March 3, 2011

IAF aircraft to join evacuation operations from Libya

NEW DELHI: As Libya swiftly descended into civil war, India decided to use an Il-76 transport aircraft of the IAF to ferry stranded citizens. From Thursday, the "Gajraj" aircraft will ferry people between Sirde in Libya and Cairo. 
A wide-bodied aircraft has also been requisitioned by Air India to ferry people out of Sebha, sources said. 

Sirde and Sebha are two towns with 2,000-strong concentrations of Indians each. 

Officials acknowledged that India had been slow to start evacuation, but was currently taking out about 1,000 people every day and promised to complete the process by next week. 

Even as China seemed on the verge of completing evacuation operations in Libya, having already pulled out over 32,000 of its nationals from the country, India only had a little over 6,000 evacuees to show for its efforts till Wednesday evening. The Chinese figure of 32,000 evacuees, mostly being doled out by official news agencies, however, seemed to have stirred a debate with foreign secretary Nirupama Rao herself saying that there was "no clarity'' over the number of Chinese evacuees. 

"Incidentally, no real clarity about nos. of Chinese evacuees so far,'' said Rao in a tweet on Wednesday evening. Earlier in the day, she tweeted, "India has chartered ships and aircraft. Please believe me when I say this. I will not comment on the Chinese statistics.'' 

Close to 12,000 Indians though are still stranded in the country, many of them in the interiors who are finding it increasingly difficult to reach Tripoli from where evacuation flights are operating. 

A ship, MV Scotia Prince, carrying 1,188 Indians docked in Alexandria on Wednesday night. After their papers are processed, they will travel back to India on EgyptAir flights. The ship will turn around to go back to Benghazi, reaching on March 5 to pick up another 1,100 Indians. 

A second ship may be put into service in a more sensitive part of Libya where some Indians are stuck. 

Officials said Indian companies were actually sending their managers back into Libya to help bring back their employees. This is very different from companies from other countries who are leaving their Asian employees behind. 

Three flights -- two Boeing 747s and one Airbus-330 -- brought back 1,045 Indians from Tripoli early Wednesday. Another three flights have left for Tripoli and are expected to ferry back 1,002 people. Three daily flights to Tripoli will continue over the coming days and these may be stepped up, said the foreign ministry. 

Separately, a chartered flight carrying 78 Indians from Sirde (Libya) reached Larnaca ( Cyprus) on Tuesday evening. These people will be booked on commercial flights to India. 

So far 126 Indians have left Libya in small numbers on their own, in coordination with Indian missions in and around Libya, the MEA said. As many as 267 Indians have, by now, crossed over to Salloum ( Egypt) by the land route and the Indian embassy in Cairo has already facilitated the return of some 180 of them in batches, to Mumbai by regular Gulf Air flights, it said. 

Also, close to 1,400 people persons have reached Djerba in Algeria, where the Indian embassy staff from Tunis have put them up in hotels. 

Tuesday, March 1, 2011

CBSE Board exams for Class 12, 10 begin today

New Delhi: Over 769,929 students are appearing in the Class 12 exam of the Central Board of Secondary Education (CBSE) which start Tuesday.

The Class 10 Board exams would also begin the same day. Over 1,061,566 students will appear in Class 10 exams, almost 15 percent higher than last year.

'A total of 454,131 boys and 315,798 girls will be appear in Class 12 board exams, while the Class 10 exam would be taken by 632,726 boys and 428,840 girls,' a CBSE official said

IANS

Friday, February 25, 2011

FM may raise tax exemption limit to Rs 2 lakh

NEW DELHI: With an eye on improving the public mood ahead of crucial polls in five states, finance minister Pranab Mukherjee appears set to appease the middle class as well as UPA`s aam aadmi constituency. 

An increase in the income tax exemption limit from Rs 1.6 lakh to Rs 2 lakh is expected to be part of Mukherjee`s Union budget speech on Monday. Though the exemption limit is Rs 1.6 lakh, this year, there is an additional benefit of Rs 20,000 for those who invest in infrastructure bonds. 

The benefit available for investment in these bonds is expected to continue though Mukherjee, who will present his third budget in his second innings in finance ministry, is unlikely to heed demands for a Rs 50,000 benefit for investment in these instruments. 

The veteran politician is also likely to announce a debt relief scheme for weavers who draw largely from the Muslim community and are a sizeable constituency in poll-bound Tamil Nadu and West Bengal, besides states such as Uttar Pradesh, Bihar and Andhra Pradesh. 

The amnesty may cost the Centre Rs 3,400 crore and would be similar to the Rs 70,000-crore debt waiver scheme for farm loans which is said to have turned the tide for UPA in the 2009 Lok Sabha elections. 

Heir-apparent Rahul Gandhi led a party delegation to Mukherjee on the weavers` scheme on Wednesday, lending weight to the demand. His authorship on the relief for minorities is part of an extended campaign for organisational revival in Uttar Pradesh which goes to poll next year. 

That powerloom and handloom weavers are also present in Tamil Nadu, which goes to polls in April, makes the proposed waiver a key election sop. It would be a magnet for the ruling DMK and textiles minister Dayanidhi Maran is learnt to have lobbied hard. 

Tax exemptions on cotton and silk yarns may add to weavers` relief. 

Congress circles are hoping that the budget will help beat down the perception of UPA`s decline, somewhat alleviate the pain of prices and turn people`s attention away from the scams that have eroded the goodwill that the Manmohan Singh regime enjoyed in 2009. 

The goodies will form part of Congress`s political outreach for key social groups in the backdrop of unrest over inflation. 

As per political calculations, the higher exemption limit may help blunt the pressure on the government from middle class which is weighed down by the burden of high inflation, which latest numbers put above 8%. Despite some moderation, food inflation remains above 11% and has upset monthly calculations for most households in the country.

Though the government could lose some revenue due to higher exemptions, the estimate is that higher growth will help rake in more revenue besides keeping fiscal deficit under check. 

Estimates suggest that the economy, despite the burden of higher interest rates and the spike in oil and metal prices, would grow at around 9%, helping the government to stay on course to achieve the fiscal deficit target of 4.8% of GDP
.

Thursday, February 17, 2011

Delhi, Hyderabad among top ranked airports of the world


New Delhi:  The airports of Delhi and Hyderabad have been ranked among the top airports of the world in the airport services quality (ASQ) by the global body, Airports Council International (ACI).

While Hyderabad's Rajiv Gandhi Airport retained the number one position for the second year in a row among 49 airports handling 5-15 million passengers per annum (mppa), Indira Gandhi International Airport came fourth in a group of 19 airports in the 25-40 mppa category.

Mumbai's CST International Airport, run by GVK-led consortium, ranked in the 15-25 mppa category, the ACI said.

While the Indian airports ranked among the top in different categories, the ACI declared Incheon in Seoul, Changi in Singapore, airports in Hong Kong, Beijing and Shanghai Pudong as the overall top 'best airports worldwide'.

The rankings were done on the basis of a global ASQ survey by the ACI of 153 airports, including 6 Indian ones.

The survey, which gets a representative sample of flights, destinations and passenger groups served by the airport, is intended to get feedback from users on a range of service delivery parameters. ACI audits the process to ensure compliance and validates the results.

The awards will be formally presented in April at the ACI's Asia-Pacific Regional Conference to be held here.

This was announced by P S Nair, who has been promoted as CEO (Corporate Airport Sector) of the GMR Group which leads the Delhi International Airport Limited (DIAL) consortium.

Till last month, he was the DIAL CEO.

In DIAL, Nair was replaced by I P Rao while the Hyderabad airport, also run by GMR-led joint venture, now has Vikram Jaisinghani as its CEO.

Nair said the Hyderabad airport has improved on its ASQ rating which now stands at 4.51 and retained the top slot in its category consecutively for the second year.

On the IGI airport, he said the ASQ ratings improved "immensely" after the plush new Terminal-3 became operational last year.

To questions, he said a few areas on which the Delhi airport was lacking included value for money, inadequate shopping facilities and the ease of reaching the airport. "We are looking to improve these areas," Nair said.

ACI Director General Angela Gittens said airports in the Asia Pacific "made clean sweep" in the category of 'best airports worldwide' as they did last year.


Thursday, February 10, 2011

NRIs not eligible for interest sops on home loans: RBI - Finance news

New Delhi:The Reserve Bank said non-resident Indians would not be eligible for incentives on interest on home loans of up to 10 lakh.

Banks provide one per cent interest subsidy for home loans of up to 10 lakh. "Housing loans extended to NRIs for construction of farm houses, and to staff members of the banks are not eligible for subsidy under the scheme," it said in a notification.

The central bank said the notification follows the recent clarifications issued by the government. The government, in the Budget of 2009-10, announced a scheme of one per cent interest subvention in respect of individual housing loans up to 10 lakh, provided the cost of unit does not exceed 20 lakh.

The scheme was valid till September 30, 2010, with an initial allocation of 1,000 crore. During the last Budget, the scheme was extended till March 31, 2011, with an additional provision of 700 crore.

Further, RBI directed the banks to use their own funds for upfront credit of subsidy under the scheme till government makes reimbursement and added that loans sanctioned prior to October 1, 2009 would not qualify for reimbursement under it.

"While calculating the interest subsidy, each disbursement may be treated as a separate loan and for each disbursement, subsidy claim may be made for twelve instalments," RBI said.

The apex bank also asked all the lenders to submit their claims on a monthly basis in respect of all housing loans eligible for subsidy under the scheme.

Source: NRIs not eligible for interest sops on home loans: RBI - Finance news

790 tourists gets visa on arrival in January - General news


New Delhi:A total of 790 tourists from eight countries availed the facility of tourist visa on arrival during January, officials said.

The highest number of visas on arrival were issued to New Zealand citizens (242) followed by Finland (156), Japan (155), Singapore (125), Philippines (98), Luxembourg (6), Cambodia (4), and Vietnam (4).


The maximum number of visas on arrival were issued at Delhi airport (406), followed by Mumbai (214), Chennai (137) and Kolkata (33).

The central government has extended the visa-on-arrival scheme for tourists from Cambodia, Vietnam, the Philippines and Laos from January this year.

The scheme was launched last year for tourists from Finland, Japan, Luxembourg, New Zealand and Singapore as a measure to attract more foreign tourists to India.

Source: 790 tourists gets visa on arrival in January - General news

India begins headcount of its 1.2 Billion population - General news


New Delhi: An estimated 2.7 million officials fanned out across the country Wednesday to begin the gigantic exercise of headcounting India's estimated 1.2 billion population, the world's second largest after China.

The decadal exercise, which will be the 15th headcount of India's population since 1872, is undertaken to create a database on demography, economic activity, literacy and education, housing and household amenities, urbanisation, fertility and mortality, social structure, language, religion and migration.


The nationwide exercise, which will continue over the next three weeks, began as a group of officials, called enumerators, visited President Pratibha Patil at the Rashtrapati Bhavan, the presidential palace.

Census enumerator Rita collected information on a number of characteristics about the president's household. Patil signed off on a 29-point questionnaire listing income, religion, education, access to basic utilities and other topics. A similar form will be filled by every citizen of the country through Feb 28.

Speaking after her enumeration, the president asked everyone to "wholeheartedly" take part in the census, considering it "as a national duty".

Home Minister P. Chidambaram, Minister of State for Home Affairs Gurudas Kamat, Census Commissioner C. Chandramouli and Director Census Operation (Delhi) Varsha Joshi were present at the Rashtrapati Bhavan.

Vice President Hamid Ansari, Prime Minister Manmohan Singh and Congress party chief Sonia Gandhi also provided the details about their respective households to the enumerators.

The family members of governors and chief ministers were among those enumerated on the first day of the second phase.

A similar exercise would be carried out in more than 7,000 towns and 600,000 villages across the country, including in troubled Jammu and Kashmir, the far-flung northeast and areas by Maoist insurgency in east and central India.

According to officials, around 100,000 enumerators and supervisors have been appointed in the eight northeastern states. Soldiers and paramilitary troopers have been engaged as enumerators in their respective camps and barracks.

In Jammu and Kashmir, even separatist leaders have supported the exercise, urging the people to provide full details to census officials. The first phase of the exercise was held from July 15 to Sep 30 last year, which passed off peacefully. The state had missed on the exercise in 1991 when insurgency was at its peak.

In Orissa, the population count began with the enumeration of Chief Minister Naveen Patnaik. The chief minister also flagged off a publicity van, which will travel through various parts of the state during the second phase that will conclude Feb 28, an official said.

The first round of houselisting and collecting housing data for Census-2011 was completed from April to September last year.

The houselisting is done because there is no complete address system in India and each and every structure is being listed so that when the enumerators come for headcounting, they know exactly where to go, officials said.

In the second phase, enumerators will ask questions on literacy, work status, marital status, languages spoken, mode of transport and number of children.

On the last day of the survey, enumerators will count the homeless on the streets across India. And between March 1 and 5, they will compile the data for the entire population.

New features added to the 2011 census include revised questions on the institutional household, new category in gender parameter for transgenders, a code for separated and divorced, new codes under status of school attendance and a separate code included under non-economic activity.

Census 2011 has also introduced new initiatives to sensitise school students about census operations. For the first time, officials are stepping beyond the demographics and economic activity and would collect details like ownership of mobile phones, computers, internet access, and availability of treated or untreated drinking water.

The census is the only source of credible data base in India that the government uses to formulate its policies.

Source: India begins headcount of its 1.2 Billion population - General news

Wednesday, February 9, 2011

BSNL gave away valuable spectrum to 'shell companies'

NEW DELHI: State-run telecom firm BSNL bestowed favours on "shell companies" by allotting them wireless access (WiMAX) franchises; they, in turn, were more interested in selling their stake to "potential buyers" than in rolling out broadband network services. 

Communications minister Kapil Sibal has asked the telecom department to probe how Bharat Sanchar Nigam Limited (BSNL) handed out costly broadband wireless spectrum to select WiMAX franchises who did not meet eligibility criteria for technical experience. "It has been pointed out that cheap access has been provided to these shell companies to precious resources of BSNL, including costly broadband wireless access spectrum in metropolitan cities for which BSNL has already made massive upfront payments," Sibal said in his letter. 

Official sources said some of these firms had no track record — one dealt in auto parts. BSNL allowed tweaking of contract conditions post-bid to favour some franchises. Firms also "changed their technology partners after the bid". One firm dropped Cisco for Alvarion and similarly other companies also changed technology partners. 

DoT sources said the file on the controversial deals never reached the ministry. 

"I would like DoT in coordination with finance wing to scrutinize the entire exercise once again and suggest appropriate action latest by February 11, 2011," Sibal wrote to the telecom department. He noted that BSNL made "massive upfront payments" for WiMAX, a technology that allows speedy broadband services. But it provided "cheap access" to the shell companies. 

The penalty clauses for not complying with rollout obligations were weak - ranging between Rs 5 to 10 crore — while the spectrum was worth hundreds of crores. To date, none of the companies have shared any revenue with BSNL and no services have been provided. The firms were also allowed automatic renewal of contract and a one-year moratorium in payment after winning the bids.


Tuesday, February 8, 2011

A 10,000cr fuel black market killed Yeshwant Sonawane

New Delhi: A thriving black market in kerosene, estimated at Rs 10,000 crore a year, killed additional collector Yeshwant Sonawane. A litre of kerosene sold at ration shops is often costlier than a bottle of packaged water. Most of this ‘‘poor man’s fuel’’ is pilfered and sold in the black market for a price two-three times higher. 

Sonawane tried to meddle with this lucrative illegality and paid with his life. Actually, most enforcement officers make peace with the fuel mafia and get some crumbs from it. It would appear Sonawane didn’t. 
The oil ministry has tried to work out the maths of this black market. According to its estimates — said to be conservative — as much as 40% of kerosene supplied for the poor is siphoned by ‘‘organized gangs of mafia proportion’’. 

State-run oil companies annually supply 9-10 million tonne of the fuel for sale through ration shops; 40% of that means almost 4 million tonne — or about 5200,000,000 litres of kerosene — is flowing into the parallel market. At around Rs 31 per litre in the open market, this trade is worth Rs 16,120 crore. That’s why the official estimate (done in 2006) is said to be conservative. 

‘‘Even at government-capped price, the value of this diverted kerosene will be huge. Add the money made by selling it in the black market for more than twice the controlled price, and you will get a really large trade involving thousands of people,’’ said a senior marketing executive of IOC, the largest fuel retailer. 4-5 million kilolitres of kerosene is diverted every year 

An interim report by National Council of Applied Economic Research (NCAER) had in 2005-06 said nearly 4-5 million kilolitres of kerosene was being diverted every year. It had put the stakes at Rs 10,000 crore at the time when consumption levels were hovering a tad higher at 10-11 million tonne a year. 

Around the same time, a study by National Institute of Public Finance and Planning (NIPFP) said government subsidy gave kerosene an undue price advantage against other fuels and created ground for diversion. The NIPFP study also said kerosene and cooking gas subsidies benefit semi-urban and urban consumers more, respectively, rather than the rural poor. ‘‘Decades of subsidies have failed to shift the fuel consumption patterns away from biomass in rural areas.’’ 

Oil company executives said about 20% of the total kerosene supplied to the ration shops are used for adulteration of diesel and lubricants used by truckers. 

Now a substantial quantity is smuggled to Bangladesh, Nepal and Bhutan as the fuel is priced much higher in those countries. ‘‘When the studies were being conducted, kerosene was even being smuggled to Sri Lanka. But it may not be the case now,’’ the IOC executive said. 

Oil company executives say that about a third of the diverted kerosene is used as fuel (no doubt, by the poor at a hefty premium). The remaining quantity is used for adulteration or is smuggled out of the country. Usually adulteration with diesel is done in the ratio of 30:70 but in cases it can go upto almost half. ‘‘It all depends on how quick a buck the adulterator wants to make or on the diesel supply position,’’ one executive said.

Source: Article Window

Monday, February 7, 2011

Indian market to outperform in long run: Experts




NEW DELHI: “Ours is a long-term bull market which is experiencing a bear phase at the moment. However, the India growth story is intact.” This sentiment was emphasised by technical analyst Sudarshan Sukhani and Amar Ambani, head of research, 

IIFL India private clients, at IIFL and ET NOW’s ‘Buy Now Sell Now’ stock workshop in Noida this weekend . The 5-month low that the market hit on Friday’s trading session has investors worried. 

Post-Diwali boom, indices have witnessed repeated correction and a sharp decline in FII inflows. And the word on the Street is that foreign investors are not going to return anytime soon. Ambani, however, maintains, “Now is not the time to sell. If you have not sold at the highs, there is no point in panicking and selling immediately. Wait this phase out.” 

The outlook in the coming year is not a very bullish one, Sukhani said, adding, “I will not be too surprised if the Nifty reaches a low of 4000 in the next few months. 2011 is going to be a difficult year for the Indian market. FII flows will continue to drop, the smart thing is to stay invested.” His advice is to invest in the blue-chip stocks and refrain from midcap and smallcaps for the next few quarters. 

Sukhani’s top picks include ICICI Bank , Bharti Airteland Sterlite Industries . Ambani also has his eyes on large-cap stocks — Bajaj Industries , Infosys, L&T ,Reliance Industries , SBI , Sterlite Industries and Tata Steel . However, he does not believe in staying away from the entire mid-cap basket, saying instead to choose selectively. His mid-cap bets include OnMobile Global , Petronet LNG and YES Bank . 

The sectors that he is bullish on include banking, auto and pharma. In this cycle of the Indian market, FIIs and retail investors have emerged smarter, not losing out as much as traders and HNIs. The economic growth story of the subcontinent will continue, the only change that is evident already is that the world will not be willing to pay fancy premiums for Indian stocks anymore. 

Experts remain confident on the outperformance of the Indian market in the long run. “Stay invested through the corrections, keep an eye on stocks that outperform the index, and for the next six months invest only when the index is at around 5000 levels,” are Sukhani’s tips on handling this leg of the market rally.

Friday, February 4, 2011

5th Thermal Power India 2011 Show


Date 2011
City, Country New Delhi, India
Description :Further information about the event, including topics, agenda, speakers and list of participating companies, will be updated regularly on the India Core website.

For sponsorships, exhibit display, advertisement, speaking opportunities, registrations in these events, please feel free to contact us


Event Energy Efficiency Forum

Date August, 2011
City, Country New Delhi, India
Description :'Energy Efficiency Forum' demonstrates the need for energy efficiency interventions in the backdrop of the high economic growth in India, the steep rise in demand & cost for energy and the insufficient capacity augmentation. It analyses the policy & regulatory framework and the ongoing initiatives to promote energy efficiency in India.

The platform offers a comprehensive and up-to-date review of the energy conservation & energy efficiency measures in industries, buildings & establishments, residential projects, energy efficient machinery & appliances and energy auditing.

Further information about the event, including topics, agenda, speakers and list of participating companies, will be updated regularly on the India Core website.

For sponsorships, exhibit display, advertisement, speaking opportunities, registrations in these events, please feel free to contact us

Event Digital Technology in Power Sector- 'Convergence of IT, Automation, Control & Communication'

Date October, 2011
City, Country New Delhi, India
Description

The increased use of digital technology and convergence of IT, automation, control & communication systems can play a major role in bringing about standardization, transparency, revenue realization and reduction in transmission and distribution losses in the power sector. Technology innovation can only benefit the power sector and IT has a major role to play in empowering the power supply utilities.

Further information about the event, including topics, agenda, speakers and list of participating companies, will be updated regularly on the India Core website.

For sponsorships, exhibit display, advertisement, speaking opportunities, registrations in these events, please feel free to contact us

Event IndiaCore Energy Awards, October, 2011 || New Delhi. INDIA

Date October, 2011
City, Country New Delhi, India
Description

The IndiaCore Energy Awards are envisaged as a systematic and methodical approach to recognize excellence in various activities for power and energy development.

Further information about the event, will be updated regularly on the India Core website.

For nomination criteria, sponsorships and other details, please feel free to contact us

Thursday, January 27, 2011

Primary school intake drops, UP prime culprit?

NEW DELHI: The mysterious decline in enrolment of more than 10 lakh children in class I to V in Uttar Pradesh alone over a year has pulled down India's primary admission by over nine lakh in 2009-10 as compared to 2008-09.

However, there has been an increase in enrolment of Muslim children both at primary (class I-V) level at 13.48% in 2009-10 from 11.03% in 2008-09, and upper primary (class VI-VIII) level 11.89% in 2009-10 from 9.13% in 2008-09.

Karnataka has shown a big improvement from 14.67% in 2008-09 to 35.52% in 2009-10. Muslim girls form nearly 50% of the community's enrolment at both primary/upper primary level. Enrolment of children belonging to Scheduled Caste, Scheduled Tribe, Other Backward Class has seen a marginal decline.

There has been improvement in percentage of schools with computers — Kerala, Punjab, Puducherry, Chandigarh, Lakshadweep and Delhi schools have computer coverage ranging between 85% and 100%. Bihar brought out the rear. The state has only 2.5% schools with computers. Mid-day meal is being provided in 87.45% schools. Karnataka fared poorly on this count, where the coverage extended to only 45.87% schools.

The exhaustive statistics on primary/upper primary education by National University of Educational Planning and Administration (NUEPA) — to be released on February 1 — says in 2009-10, 13.34 crore children were in class I-V. In 2008-09, the corresponding figure was 13.43 crore.

While Uttar Pradesh made the maximum contribution, marginal decline was noticed in Uttarakhand, Bihar, Chhattisgarh, Orissa and a few other states. While maintaining that decline in UP is a cause for concern, experts in NUEPA attribute the marginal decline to stabilization in enrolment at primary level, but point to parallel increase in upper primary (VI-VIII) admissions. "Enrolment at primary level has almost become constant nationally at 1.34/1.33 crore, but at upper primary it will go on increasing," said Arun Mehta of NUEPA.

In 2009-10, enrolment in upper primary was 5.44 crore — an increase of 11 lakh — as compared to 5.33 crore in 2008-09. Enrolment in government and private management schools stood at 69.51% and 30.42%, respectively.

Bihar and Lakshwadeep have almost 100% enrolment in government schools. But private schools (aided by government as well as unaided) dominate in Goa, Kerala, Puducherry, Meghalaya and other states. Percentage of private share to total schools was 19.49%.

Between 2002-03 and 2009-10, the government added 1.32 lakh primary and 58,720 upper primary schools. More than 40% primary schools have pupil-teacher ratio of more than 30:1 and 33.17% upper primary schools have pupil-teacher ratio of more than 35:1. Survey also showed that 14 days were lost on account of teachers being asked to perform non-teaching jobs.

Source:-http://timesofindia.indiatimes.com/india/Primary-school-intake-drops-UP-prime-culprit/articleshow/7368964.cms

Tuesday, January 25, 2011

Now, common test for PG, MPhil, PhD in central univs

NEW DELHI: A committee of vice-chancellors of central universities (CUs) has recommended common entrance test for admissions into postgraduate (PG) and MPhil/PhD courses across 42 CUs.

Sources in the committee said if the model works well, it can be adopted at the undergraduate level. However, the report is silent on admissions into undergraduate courses.

Another panel on Nava-ratna Universities — Indian equivalent of Ivy League varsities — has recommended direct funding from the central government, freedom to fix salaries, fee structure; reward for performing teachers, cutting increment to non-performers and flexibility to invite the best faculty from any part of the world.

The recommendation on common entrance test could evoke strong reactions. Set up late lst year by HRD minister Kapil Sibal, it said common entrance for PG courses should be based on both performances in entrance test and in the graduate examination. Performance in the first two years of graduation would be factored. The weightage for performance in graduate course may be 30%, and 70% weightage could be given to performance in the entrance test.

The entrance test will consist of two sections: scholastic aptitude and knowledge of subject in which admission is being sought. The committee has suggested that relative weightage between the two could be in the ratio of 40:60. The panel has said universities with special character/historical reasons could be free to have their own admission process.

In case of MPhil or PhD courses, the committee has recommended, common entrance could be similar to the UGC National Eligibility Test for Junior Research Fellowship. The varsities would be free to have their own interviews for MPhil and PhD courses. The institutions would also have the freedom to decide weightage for the interview, but it should not be more than 40% in any case.

Source:-http://timesofindia.indiatimes.com/india/Now-common-test-for-PG-MPhil-PhD-in-central-univs/articleshow/7357975.cms

Saturday, January 22, 2011

Rath first serving Lt-Gen to be court-martialled

NEW DELHI: The court martial against Lt-General P K Rath, one of the four generals indicted in the Sukna land scam, has found him guilty on three counts in the infamous case which even cast a dark shadow on then Army chief General Deepak Kapoor.

The court martial in Shillong, headed by Lt-Gen I J Singh and consisting of six other Lt-Gens, will pronounce the sentence against Lt-Gen Rath on Saturday or Sunday, which will then have to be ``confirmed`` by Kolkata-based Eastern Army Command as well as Army HQ in New Delhi.

Depending on the gravity of the charges, a court martial can impose sentences ranging from loss of seniority to even imprisonment and being ``cashiered`` from service, which entails loss of rank, decorations and all retirement benefits.

This is the first time a serving three-star general has been court-martialled in the history of Indian armed forces. While a few other Lt-Gen rank officers have been indicted in ration and other scams, none of the courts martial could actually commence before they retired.

Lt-Gen Rath, incidentally, was all set to take over as the new Army deputy chief (information systems and training) in November 2009 after commanding the crucial 33 Corps based in Darjeeling district of West Bengal, under which the Sukna military station comes, when the case exploded in Army`s face. Since then, the Adarsh and Kandivali-Malad land scams have also rocked the armed forces.

The seniormost of the four indicted generals, Lt-Gen Avadhesh Prakash, who was Army chief Gen Deepak Kapoor`s close aide as military secretary and later retired in January 2010, will be the other officer to undergo a court-martial now.

Lt-Gens Prakash and Rath were charged with conspiring to aid the transfer of the 71-acre Chumta tea estate adjacent to Sukna military station to real estate developer Dilip Agarwal on the pretext of opening an educational institute affiliated to the Ajmer-based Mayo College, in complete disregard of all security and other norms.

With the conspiracy being detected before it could be executed, it was found that Agarwal was Lt-Gen Prakash`s family friend and the military secretary ``influenced`` Lt-Gen Rath to favour the realtor`s ``vested agenda``. Lt-Gen Rath, said the inquiry report, ``fast-tracked all actions`` to favour Agarwal ``by affirmative endorsements``.

The court martial held Lt-Gen Rath guilty for issuing the `No Objection Certificate`, signing of the MoU with Geetanjali Trust for construction of the educational institute and failing to inform the Eastern Command about the proposed agreement.

``We will wait for the final outcome before deciding what to do next. Lt-Gen Rath has been found guilty only of procedural lapses. He has been cleared of the four more serious charges of intent to defraud and others,`` defence counsel S S Pandey told TOI.

The other two generals, Lt-Gen Ramesh Halgali and Major-Gen P C Sen, and four other officers named in the case only faced administrative action for failing to do proper ``staff work`` in the chain of command.

While Maj-Gen Sen retired last year, Lt-Gen Halgali has since been rehabilitated by present Army chief Gen V K Singh and is currently the director-general of military training at Army HQ.

The case, of course, also led to an unseemly rift in the top Army brass. Gen Singh, who was the then Eastern Army commander and took over as the Army chief in April 2010, had locked horns with Gen Kapoor, who was perceived to be dragging his feet in the case.

Defence minister A K Antony, in fact, had to himself step in to overrule Gen Kapoor`s decision to only take ``administrative action`` against Lt-Gen Prakash, rather than the harsher ``disciplinary action`` in the shape of a court martial.

Friday, January 21, 2011

Corrupt public servants may face summary dismissal

NEW DELHI: The Centre is mulling summary dismissal of public servants chargesheeted for corruption.

The move will ensure that government will not have to wait for long-drawn court battle to sack officials found guilty of corruption. But it is to be seen if such a provision will extend to politicians who are classified as "public servants" in the anti-graft law.

A GoM on tackling corruption will take a call on the issue while hammering out an action plan to plug graft and fast-track punishment, as announced by Congress Sonia Gandhi. Also on the GoM agenda is Lok Pal bill, state funding of elections and relevance of government sanction for registering a Preliminary Enquiry against joint secretaries and above.

There are doubts that the provision for summary sacking via "constitutional amendment" to Article 311 can run afoul of statutory guarantees and invite legal challenge on grounds of miscarriage of justice. The government has proposed an independent advisory board to vet chargesheets and evidence to decide if a case is fit for summary axing. "The safety filter is to shield the amendment from being ultra vires," a source said.

The Centre is considering compulsory seizure of assets of corrupt officials by making provisions in the Prevention of Corruption Act (PCA).

The GoM will decide if the much-lauded legislation of Nitish Kumar government in Bihar on confiscation of assets is better than the provisions under Public Money Laundering Act 2002. It is a tricky issue. UPA-1 decided against giving investigating agencies the autonomy to move court for seizure of assets. A GoM mulling changes to PCA felt agencies could misuse such power.

The government's sole authority on assets seizure is a hurdle in cracking down on ill-gotten assets. The agencies, after government nod, move court under the Criminal Law (Amendment) Ordinance 1944 to seize assets, which is way milder than compulsory seizure in corruption cases.

GoM will take a hard look at Madhav Menon committee's report on CrPC reforms to fasttrack graft trials. The Centre has come out against inserting in PCA a time limit for corruption trials, arguing "it will not help without systemic changes".

The Centre has suggested a committee to vet cases pending over 10 years — found to be 2,400 — and suggest ways for their speedy disposal.

Anti-graft camp is keen on fast-tracking trials as delays help the accused get away. Around 113 CBI cases are awaiting Centre's sanction for prosecution. The pendency in disciplinary action and vigilance probe is on the higher side.

Source :- http://timesofindia.indiatimes.com/india/Corrupt-public-servants-may-face-summary-dismissal/articleshow/7330493.cms

Mobile number portability launched by PM.

Prime Minister Manmohan Singh on Thursday launched the nationwide Mobile Number Portability at Vigyan Bhavan in New Delhi, a move that would empower mobile subscribers to change their operator while retaining their mobile number and force telecom operators to improve their services.

If you are unhappy with your service provider's tariff plan, call drops or signal strength, but have tolerated it all just because you want to retain your number, you don't have to wait much longer now.

How can you take advantage of Number Portability?

- Subscribers can contact the new service provider they want to opt and get customer acquisition form and porting form from them. - If you fulfil the eligibility norms, you will then obtain a 'unique porting code' by sending an SMS from the mobile number you want to port to 1900 with text 'PORT' followed by your 10 digit mobile number you want to port. - Then provide duly filled porting and customer acquisition form along with requisite documentary proof to the service provider. - Post paid subscribers are also expected to submit a copy of their last bill along with the form.- You have the option of withdrawing your porting request within 24 hours of applying.- You will be charged only Rs 19 for using this service.


Source:- read more

 

Thursday, January 20, 2011

Cabinet rejig with eye on polls

NEW DELHI: Congress seized the reshuffle window to rev up its election machine in Uttar Pradesh and Kerala by broadbasing participation from these states in the Union ministry.

The elevation of Salman Khurshid and Sriprakash Jaiswal and induction of Beni Prasad Verma as steel minister have upped the share of UP in the Cabinet to put it on a par with its political heft. (Read: PM inducts 3 new ministers, drops none )

K V Thomas's surprise elevation as food and consumer affairs minister and the filling of Shashi Tharoor's slot is another leg-up for the party in Kerala which takes on the Left Front in May polls. Giving temporary charge of civil aviation to Vyalar Ravi and making K C Venugopal junior minister for power fits the 'K C Venugopal' pattern.

Sources said the focus on short-term political battles in the reshuffle, which was expected to be a performance appraisal of UPA-2, underlined the importance of the coming polls in the party matrix.

Congress is banking heavily on victories in Kerala and Assam where it is the main player to turn the tide after the negativity of scams.

Victories on ally turfs such as West Bengal and Tamil Nadu would supplement party strategy. UP polls would also decide the fate of the party's revival attempt in the 80-seat state and give a peep into the possibilities of 2014 Lok Sabha battle.

The rejig seeks to broadbase Congress's UP outreach. A position to Verma can renew the party's appeal among OBCs. Verma's entry in the power echelons is a snub to Samajwadi Party, his home before the high-voltage rebellion against Mulayam Singh Yadav in 2007.

Verma's gain compounds Mulayam's woes because he too is eyeing a power perch at the Centre to rival the clout of an imperious Mayawati. His PMO visit on Monday evening had set tongues wagging in the Congress camp.

A cabinet rank for Khurshid aims to neutralise SP's bid to dent Congress among Muslims. SP's Azam Khan has accused Congress of denying the community its due share in power with only Kashmir's Congress among Muslimshaving Cabinet status. Khurshid's elevation sets right the balance.

Congress has lent weight of key portfolios to Kerala leaders to add to its momentum in the Left-held state. Autonomous charge of food and consumer affairs to Thomas and civil aviation to Ravi are steps in that direction.

The criticality of Kerala in Congress matrix stems from the prospect of double whammy for Left in Bengal and Kerala. A defeat-induced disarray in Left camp can soften the Red resistance in Delhi which will be big relief for the cornered Congress.

The political subtext of the rejig in UP follows a realisation in Congress that the waning of post-2009 mood after scams and price rise will test its bare cupboard of leaders and appeal among caste groups. Though Rahul Gandhi leads a campaign among dalits who are loyal to Mayawati, the key to party success in the state lies with Muslims, OBCs and upper castes.

Also read: PM will now keep a sharper eye on key economic ministries

Source:http://timesofindia.indiatimes.com/india/Cabinet-rejig-with-eye-on-polls/articleshow/7323296.cms

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