narendra modi and amit shah discuss, two hours on obc crisis has

Transcription

22, August to 28, August, Friday, 2015
RBI to announce small finance bank licences next month: Rajan / 'Wil help economy move into cashless mode' / Postal dept to use vast network for proposed payment bank / Payments bank: RBI offers 'on tap' licence hope for those who lost out
Jimmy
Carter
to undergo
radiation
World
Humanitarian
Day 19 August 2015
Saina
climbs
to the
top again
Reel Dabang
NARENDRA MODI AND AMIT SHAH
DISCUSS, TWO HOURS ON OBC
CRISIS HAS BORN NEW
LEADERSHIP IN THE GUJARAT
Real Dabang
EMERGENCY OF INDIRA REGIME,WHOLE
OPPOSITION IS ON ONE STAGE
In Delhi, Nitish and Kejriwal launch joint attack on PM Narendra Modi
The Delhi chief minister maintained that Modi follows double standard as
he speaks something before polls and does something else after polls
Patna:Bihar is going through a new revolution ,Is Nitish &
Lalu along with congress will able to form Govt.in
Bihar?Narendra Modi is single handed Fighting against ,Lalu
,Nitish,Congress Brigade.Since the day Amit shah Slogan for
O.B.C.Morcha ,the Brahmin's,Bhunihar,Kayasth of Bihar are
in favour to support Nitish Kumar to save the Integrity and
Unity of the Bihar.
MORE THAN 25.LACS BIHARI VOTERS ARE IN DELHI ,THEY ARE GOING TO
VOTE FOR NITISH KUMAR ,BY KEJRIWAL SUPPORT NITISH CAN TAKE OVER
CM BIHAR 3RD TERM.
Nitish Kumar with Arvind Kejriwal and Manish Sisodia. (Source: Express photo by Prem Nath
Pandey) Bihar Chief Minister Nitish Kumar and Delhi, CM Arvind Kejriwal on Wednesday came
together to attack Prime Minister Narendra Modi, thereby raising the poll pitch ahead of the Bihar
Assembly polls. What was slated to be a cultural event set the tone for the upcoming polls with
Kejriwal batting for Nitish while the latter attacked Modi's Rs 1.25 lakh crore package for the
state.
Cont.. P-8
Ms.Babita Pundir,Joint Editor,CFN
N.Delhi ,22 August: Prime Minister Narendra Modi and Amit Shah,President BJP,are worried on the day by
day mass Moment and Agitation by Patel Community for OBC Quota ,according to the sources Decedent
MP'S, Ministers and MLA'S of Gujarat are rising in against Anandiben ,by the Functioning and
administration of the CM ,Gujarat ,As she is completely against O.B.C demand by Patels of Gujarat ,she has
given a very clear statement ,that till the time she is alive ,she can die over it ,but O.B.C will be not declare on
her Regime, the monopoly attitude of CM Gujarat has created ,lot of distance with Gujarat Cabinet Ministers
and MLA'S ,MP'S, as Entire Gujarat is Burning in the flame of Patel Protest ,present situation in Gujarat
seems under control.O.B.C Demand by Patel can become wild card entry for the long time missing Congress
Party into the Gujarat.BJP,high command is thinking ,how to control the downfall of the BJP in Gujarat, As
per as CFN sources message of big change in Gujarat Ministry has gone ,Gujarat to Delhi that Anandiben
can join the Ministry of centre on her Conditional basis ,that she don't want to see Saurabhbhai Patel to take
over as Chief Minister Gujarat,present political scenario ,is Predicting that Gordhan Bhai Zadafia can
become the CM of Gujarat,he one the closest and Right hand of Modi and Amit Shah.Hardik Patel is
Following the path of Sardar Vallabh bhai Patel,Keshav bhai Patel and Chiman Bhai Patel,Hardik Patel has
created a new Line in the Gujarat Polotics,PM Modi is Worried.
“THIS IS ONE OF THE TOUGHEST TIME FOR THE STEEL INDUSTRY,
ALL STEELMAKERS ARE PASSING THROUGH THIS CRITICAL PHASE,
MAINLY DUE TO THE LOW-COST IMPORTS PARTICULARLY FROM CHINA.
It's a big challenge fo Shri. Narendra Singh Tomar is Union Minister of Steel &
Mines, Government of Indiar corruption in the ministry of steel going at huge
level. Durin the regime of Benni Prasad verma former minister steel there
wasno corruption found, SAIL Administration was going well manner.Within
one year SAIL is Performing below the bellt no body is carring about ministry
ED, CSR. ED projects are not able to continue the work. they are not focused on
achievements and developments of SAIL. The Director Finance SAIL is most
honest nobody can about him, on SAIL's biggest downfall J.P Shukla,
Cont.. P-8
Loktantrik Janata front demands transparency corrupt of & legal action
BJP MP Shatrughan Sinha's wife Poonam Sinha to
contest on JD(U) ticket in upcoming Bihar polls?
BJP has avoid the Role of Most Senior
Leader Yashwanth Sinha and Shatrughan
Sinha in Bihar Polls ,which can make Worst
effects and damage the majority of the BJP in
all over the Bihar Election's, As per reports,
senior Bhartiya Janata Party (BJP) leader
Shatruganh Sinha's wife Poonam Sinha is set
to contest in the upcoming Bihar Assembly
elections on Janata Dal (United) ticket.
Sinha's move to field his wife on behalf of
rival JD(U) has shocked many within the
political circles. The wife of the veteran
actor, Poonam Sinha has herself been an
actress and enjoys significant popularity in the region. The move comes in the backdrop of
couple of meetings between Shatrughan Sinha and Chief Minister Nitish Kumar. BJP red-faced
over Shatrughan Sinha's praise of Nitish Kumar)The actor-politician is reportedly miffed with
the BJP top brass for sidelining him ever since the change in regime. Sinha is considered to be
not on the same page with the current party regime.
Cont.. P-8
I am not shielding anyone. The law will take its own course."
PANAJI: The brother of chief minister Laxmikant Parsekar's wife is
among two GIDC officials allegedly caught red-handed on Wednesday
afternoon accepting a bribe of 1 lakh for the issuance of a plot at the
Tuem industrial estate. Anti-corruption bureau (ACB) officials, led by
PI Nalasco Raposo, arrested Ghanasham Malvankar (chief minister's
brother-in-law), a field manager at the Tuem estate, and Ajit Gaunekar,
field manager at Goa industrial development corporation (GIDC),
Panaji, at Malvankar's office at the Tuem estate.
Cont.. P-9
CURRENT FINANCIAL NEWS, Gandhinagar (Gujarat) 22, August to 28, August, Friday, 2015
Uphaar tragedy: Ansal brothers fined Rs 60 crore, escape jail term
Real estate barons Sushil and Gopal Ansal on Wednesday escaped being jailed in the 18-year-old gruesome Uphaar Cinema fire tragedy in which 59 people died with the Supreme Court asking them to pay a fine
of Rs 30 crore each and restricting their jail term to the period already undergone by them. Over turning the pleas of CBI and the victims' association, a three-judge bench of Justices A R Dave, Kurian Joseph and
Adarsh Kumar Goel asked them to pay the total fine of Rs 60 crore in three months and deposit it with the Delhi government, which in turn will spend the money on welfare schemes.While Sushil, 76, had spent
over five months in prison, 67-year-old Gopal was in jail for over four months immediately after the tragedy. The bench rejected the submissions of senior advocate Harish Salve, appearing for CBI, that the
convicts be sent to jail to serve the remaining jail term. "My instruction from CBI is to press for their custody," Salve said, when the court sought his views. Senior advocate KTS Tulsi, who represented the
Association of Victims of Uphaar Tragedy, also said that the convicts not only be jailed, but rather their punishment should be enhanced. Fifty-nine people, trapped in the balcony of the theatre in South Delhi, had
died of asphyxia following the fire and over 100 were injure in the subsequent stampede on June 13, 1997 during the screening of Bollywood film "Border". Earlier, a bench of justices T S Thakur and Gyan Sudha
Mishra (since retired) had on March 5, 2014, held real estate barons Sushil and Gopal Ansal guilty, but differed on the quantum of sentence to be awarded to them. It had concurred in holding that there was
"contemptuous disregard" of civic laws on part of the Ansals that led to the tragedy as they were "more interested in making money than ensuring safety of people". Justice Thakur had concurred with the 2008
verdict of the Delhi high court which had awarded one-year jail term to both Sushil and Gopal Ansal. However, Justice Mishra had reduced the jail term to the period already served in jail by Sushil considering his
age and enhanced the sentence of Gopal to two years. During the hearing on Wednesday, senior advocate Ram Jethmalani began his submission accusing employees of Delhi Vidyut Board and said they escaped
as they were government servants. On the the morning of the fateful day, a minor fire had broken out in the transformer and the DVB sent some small time 'mistri' instead of experts to fix the problem, he said. "Mr
Jethmalani, you cannot argue against the conviction. We can hear you only on quantum of sentence," the bench said, adding that the previous bench had already upheld the conviction.
"File a review, if you want to challenge it," the court said. There was sharp exchange of words between Tulsi and Jethmalani when the former objected to the narration of facts. "You sit down. I am entitled to raise
it again and again," Jethmalani told Tulsi. Earlier, the Ansals had challenged their conviction and claimed they were in no way responsible for the tragedy as the fire had been caused by a faulty DVB transformer.
The CBI had filed an appeal challenging the alteration in conviction and reduction of sentence by the Delhi high court on December 19, 2008. The sentence for the Ansals was reduced to one year as against the
two-year sentence imposed by the sessions court.AVUT had also approached the apex court seeking enhancement of sentence to the Ansals.Two judges of the apex court bench had upheld the conviction, but they
had differed on the quantum of sentence.The matter was then referred to a three-judge bench.
Sanjay Pandey,CFN
FORTHCOMING PANCHAYAT ELECTION IN OCT 2015
& ASSEMBLY 2017 IN U.P,BJP & BSP IS
SPOILING THE IMAGE OF SAMAJWADI
GOVT.
Yadav said that while one commits rape, four are named
to 'settle scores'
Lucknow : SP supremo Mulayam Singh Yadav has kicked a fresh controversy with his
comments on rape, saying while one man commits rape, four are named to "settle scores"
and that rape by four persons was not "practical".
This is not the first time that the former Uttar Pradesh Chief Minister has made shocking
comments on rape. While opposing
capital punishment for rape last year, he
had sparked outrage by saying "ladke,
ladke hain...Galti ho jati hai (boys will be
boys...They commit mistakes)."
Speaking on the law and order situation
in the state at a function here, Yadav had
said considering UP's population, the
crime rate was "very low". The SP
supremo said that there were instances
where only one person committed rape
but the victim named four people merely
to "settle scores". "Innocent persons
must not be implicated and harassed. There are cases, where a victim has accused four
brothers of raping her. It is not practical," he said. To stress his point, Yadav cited the
alleged rape and murder case of two cousin sisters in Badaun stating that it was "blown
out of proportion". "The CBI probed the case and found out that rape was not committed
at all. They were cold-blooded murders by the victim's cousins for property," he
said."But even senior leaders like Congress President Sonia Gandhi's son Rahul rushed
to Badaun and attacked the state government on the law and order front," he said.Yadav's
comments triggered a row with the BJP saying that the remarks were an "insult" to the
fair sex and raise questions over the decisions given by courts in gangrape cases. BJP
spokesman Vijay Bahadur Pathak said, "There is nothing new in it. In the past also on the
issue of rape, the SP supremo had said that youths tend to make mistakes.By giving this
logic, Mulayam had showed insensitivity towards half of the population of the
country."Such a statement is a gross insult to the fair sex and will ultimately lead to
anarchy. It also raises question mark over decisions given by the courts in gangrape
cases," Pathak said.He alleged that it was an outburst of a leader, whose own party
government, was "failing" to control law and order situation in the state."You can
imagine the situation of a state where workers of the ruling party are acting like goons
and rouges," he charged.
ED, Crime Branch
raid the residence of
former Goa CM
Digambar Kamat
Couple spends almost $30k
on cat's surgery
A US couple spent nearly all of their
life's savings, of approximately R1.95 lakh,
on the kidney transplant surgery of their
12-year-old cat
New York: In a heart-warming deed, a US couple may
end up spending a whopping $30,000 (approx Rs 1.95
lakh) set aside for a house to save the life of their pet cat
that has recently undergone a kidney transplant. Andre
Gonciar and his wife have got the procedure done on
their cat 'Oki' at the University of Pennsylvania
Veterinary Hospital. Oki, whom the couple had found
clinging to life in a creek in Romania, has used up most
of his nine lives.
Enforcement Directorate sleuths along with Crime
Branch officials on Thursday conducted a series of
raids on several premises owned by former chief
minister Digambar Kamat and his close relatives in
connection with the Louis Berger bribery case.The
raids began early Thursday morning at Kamat's
residence in Margao, 35 kms from the state capital,
his office premises in the city as well as the
residential and business premises of his close
relative in Panaji.Two weeks ago, ED had filed a
Enforcement Case Information Report under the
Prevention of Money Launching act in connection
with the Louis Berger international bribery scam,
after it was revealed that the money for the bribes
was routed through the hawala channel.An alleged
hawala dealer Raichand Soni was also arrested by
the Crime Branch in connection with the bribery
case in which two former chief ministers, including
Kamat and officials are in the dock.
“Oki's definitely a fighter,” Gonciar said. Oki's latest
affliction was a kidney failure. Gonciar came all the way
from Buffalo for a transplant. The surgery alone cost
more than $16,000 (approximately R1 lakh), plus
airfare, hotels, medical tests and follow-up
appointments. Gonciar said he hopes the final cost will
not be more than $30,000. It was money he had set aside
for a down payment on a house.
The hospital has done about 155 of these operations
since 1998. On average the cats live about another three
years.
Gonciar admitted that some people think he is a little
crazy to spend all that money on a cat that is nearly 12
years old Gonciar said, “To all the people, who think I
am crazy, I would tell them to look at their child or their
mother and ask themselves the same question.”
Oki's new kidney came from Cherry Garcia who was
found in a shelter.
That may sound cruel but Cherry probably would have
been euthanised and part of the deal is that the owner of
the cat that receives a kidney must adopt the cat that
donates it.
Following the surgery both Oki and Cherry are doing
well and are slowly adjusting to the fact that, like it or
not, they are in this together.
Jimmy Carter to undergo radiation
for cancer on his brain
ATLANTA: Former US President Jimmy Carter announced on Thursday that he will
begin radiation treatment on cancer that is on multiple spots on his brain."I get my first
radiation treatment for the melanoma in my brain this afternoon," Carter said during a
news conference where he talked openly about his cancer and how he would cut back on
his work with the Carter Center.Carter, appearing in a dark blazer, red tie and jeans and
surrounded by friends and family, said at first he thought the cancer was confined to his
liver and that the operation he had earlier this month had completely removed it, "so I was
quite relieved."But that same afternoon, an MRI showed it was on his brain.
Former US president Carter reveals he has cancer"I just thought I had a few weeks left,
but I was surprisingly at ease. I've had a wonderful life," Carter, 90, said.Carter said on
Thursday in his first public remarks since his diagnosis that the cancer was first
discovered as a tumor on his liver. On Aug 3, he says, he underwent surgery to remove the
tumor. He says about one-tenth of his liver was removed.But he says that later, four spots
of melanoma were found on his brain. He says he will have his first radiation treatment on
Thursday afternoon.Carter says he is not feeling despair or anger over his health. He says
he feels good, with only slight pain.He says: "`I'm perfectly at ease with whatever comes.
I'm ready for anything. I'm looking forward to a new adventure."
Fresh summons issued to
SpiceJet, Kalanithi Maran
in IT cases
A Delhi court today issued fresh summons to budget carrier SpiceJet Ltd, its former
Chairman Kalanithi Maran and an erstwhile top official in two tax evasion cases for their
alleged failure to deposit over Rs 147 crore TDS with the Income Tax (IT) Department.
Additional Chief Metropolitan Magistrate Pritam Singh again issued summons to Maran,
the firm and its then Managing Director S Natrajhen as the earlier summons were not
served on the accused, who did not appear. The court directed the three accused to appear
before it on September 21. "Summons issued to the accused not received back. Issue fresh
summons to all the accused through Police Station Sabzi Mandi ... Put up for appearance
of accused on September 21," the court said. Advocate Brijesh Garg, appearing for the IT
Department, told the court that the matter was listed for appearance of the accused but
neither has anyone from their side appeared nor has any report been received on the
summons. The court had on July 21 issued summons to the firm, Maran and Natrajhen and
directed them to appear today after taking cognizance of two IT complaints filed against
them. It had said that prima facie commission of an offence was disclosed under sections
276B (if a person fails to pay to the credit of central government the tax deducted at source
by him), 278B (offences by companies) read with section 278E (presumption as to
culpable mental state) of the Income Tax Act for financial year 2013-14 and 2014-15. The
IT Department filed the two complaints against the three accused with identical
allegations and said a survey under the Act was conducted at the business premises of the
company on August 4 last year. The department said that during the survey, it was found
that the company had made payments to its deductees and deducted TDS against various
payments to the tune of Rs 110.6 crore during the financial year 2013-14, but had failed to
deposit the TDS amount within the given time-frame. Similarly, the IT department said
that SpiceJet had also made payment to its deductees and deducted TDS against various
payments to the tune of Rs 36.5 crore during FY 2014-15 but failed to deposit it in the
government account within the stipulated period. The IT officer, who was the complainant
in the case, had deposed in the court that during the relevant period, Maran was the
chairman and Natrajhen was the managing director of the company. The officer had said
show-cause notices were sent to the accused in September and October last year to which
they had replied that they were non-executive chairman and managing director of the
company for the relevant financial year. He had also testified that during the survey
operation, he had recorded the statement of R Neelkanthan, the then CFO of the company.
It had then transpired that the company had allegedly defaulted in depositing TDS amount
of Rs 110.6 crore and Rs 36.5 crore for the financial years 2013-14 and 2014-15 in the
government account.
Greek PM resigns to trigger
snap elections - as it happened
Greek bailout: Alexis Tsipras steps down to trigger new electionsPrime minister announces his resignation and
paves way for general election, with 20 September predicted as most likely date for a pollGreek bailout: Alexis
Tsipras steps down to trigger new electionsPrime minister announces his resignation and paves way for general
election, with 20 September predicted as most likely date for a poll.Seven months after he was elected on a promise
to overturn austerity, the Greek prime minister, Alexis Tsipras, has announced that he is stepping down to pave the
way for snap elections next month. As the debt-crippled country received the first tranche of a punishing new €86bn
(£61bn) bailout, Tsipras said on Thursday he felt “a moral obligation to place this deal in front of the people, to allow
them to judge … both what I have achieved, and my mistakes”.The 41-year-old Greek leader is still popular with
voters for having at least tried to stand up to the country's creditors, and his leftwing Syriza party is likely to be
returned to power in the imminent general election, which government officials told Greek media was most likely to
take place on 20 September. Greek PM resigns to trigger snap elections - as it happened Greece will head back to the
polling booths as Alexis Tsipras asks for a new mandate to implement the third Greek bailout The prime minister
insisted in an address on public television that he was proud of his time in office and had got “a good deal for the
country”, despite bringing it “close to the edge”. He added that he was “shortly going to submit my resignation, and
the resignation of my government, to the president”. The prime minister will be replaced for the duration of the short
campaign by the president of Greece's supreme court, Vassiliki Thanou-Christophilou – a vocal bailout opponent –
as head of a caretaker government.Tsipras won parliamentary backing for the tough bailout programme last week by
a comfortable margin, but suffered a major rebellion among members of his ruling Syriza party, nearly one-third of
whose 149 MPs either voted against the deal or abstained. The revolt by hardliners, angry at what they view as a
betrayal of the party's anti-austerity pledges, left Tsipras short of the 120 votes he would need – two-fifths of the 300seat assembly – to survive a censure motion, leading to speculation that he would call an early confidence vote. He
has now decided to skip that step, opting instead to go straight to the country in an attempt to silence the rebels and
shore up public support for the three-year bailout programme, which entails a radical overhaul of the Greek
economy and major reforms of health, welfare, pensions and taxation. Government sources had long suggested that
an announcement on early elections was on the cards as soon as Athens had got the first instalment of the new
package – Greece's third in five years – and completed a critical €3.4bn debt repayment to the European Central
Bank, due on Thursday. Some analysts had speculated that the prime minister might wait until early October, by
which time Greece's creditors would have carried out their first review of the country's reform progress and perhaps
come to a decision about debt relief – a potential vote-winner for the prime minister. Greek bailout Q&A: What
happens next? But he appears to have calculated that it was better to go to the polls sooner rather than later, aiming to
capitalise on his popularity before the effects of some of the harshest new bailout measures – including further
pension cuts, VAT increases and a controversial “solidarity” tax on incomes – started to make themselves felt.
Greece's complex constitutional laws mean that, because Tsipras was elected less than a year ago, President
Prokopis Pavlopoulos cannot immediately call an election when the prime minister resigns. Instead, he must first
consult the other major parties to see if they could form a government – a near impossibility given the current
makeup of the parliament. Greece's main opposition party leader Vangelis Meimarakis is to meet Pavlopoulos on
Friday morning, according to an official from Meimarakis's New Democracy party said. But the move is seen as
largely procedural, with Meimarakis standing little chance of pulling together the numbers to form a governing
coalition. At the end of a bruising seven months of negotiations with Greece's international lenders that nearly
resulted in the country defaulting on its mammoth debts and crashing out of the euro, Tsipras was eventually forced
to sign up to a rescue package that many in his party view as an unforgivable U-turn. Greece crisis timeline: the
rocky road to another bailout Tsipras has insisted that accepting creditor demands for further tough reforms was the
only way to ensure his country remains in the eurozone – which is what opinion polls show the overwhelming
majority of the Greek population want.Syriza is now likely to split, with a formal announcement thought to be
imminent. The leader of the party's dissident Left Platform, the former energy minister Panagiotis Lafazanis,
announced last week that he intended to form a new anti-bailout movement, accusing the government of
capitulating to the “dictatorship of the eurozone”. The prime minister's closest aides had conceded on Thursday that
the divisions within Syriza had to be dealt with one way or another. The energy minister, Panos Skourletis, told state
broadcaster ERT: “The political landscape must clear up. We need to know whether the government has or does not
have a majority.” The party is now thought likely to call an extraordinary congress in September to resolve its
internal differences. The credit rating service Moody's warned that the ensuing political uncertainty could hit
Greece's ability to implement tough reforms under its bailout programme and receive rescue loans in exchange.
“The Greek prime minister Tsipras's move to step down and call snap early elections on 20 September could elevate
programme implementation concerns and potentially puts future official sector disbursements at risk,” said
Moody's. Recent opinion polls have put support for Syriza at about 33%-34%, making it by far the country's most
popular party – but not popular enough to govern without a coalition partner. No polls have been published since late
July, but Syriza insiders remain optimistic.These elections ... will provide a stable governing solution. My feeling is
that Syriza will have an absolute majority.” The political uncertainty took its toll on markets on Thursday, with
Greek two-year bond yields jumping 78 basis points to 12.15% – well above the level considered sustainable – and
the Greek stock market closing down 3.5%.
RBI's tentative Sensex tanks 476 points
OK for 11 payments in early trade on weak
Global cues
Banks
In a long-pending move, the Reserve Bank of India
(RBI) has given in-principle nod to 11 applicants to
launch payments banks.
The applicants given the nod are Aditya Birla Nuvo, Airtel M Commerce Services,
Cholamandalam Distribution Services, Department of Posts, Fino PayTech, National
Securities Depository, Reliance Industries, Dilip Shantilal Shanghvi (promoter of Sun
Pharma), Vijay Shekhar Sharma (promoter of Paytm), Tech Mahindra, and Vodafone mpesa.The in-principle approval granted will be valid for a period of 18 months, during
which time the applicants have to comply with the requirements under the guidelines and
fulfill the other conditions as may be stipulated by the RBI. On being satisfied that the
applicants have complied with the requisite conditions, the Reserve Bank would consider
granting to them a licence for commencement of banking business under Section 22(1) of
the Banking Regulation Act, 1949. Until a regular licence is issued, the applicants cannot
undertake any banking business, RBI said.The Reserve Bank had received 41 applications
for payments banks. Draft guidelines for licensing of payments banks were released for
public comments on July 17, 2014.Based on the comments and suggestions received, final
guidelines were issued on November 27, 2014. The Reserve Bank also issued
clarifications to the queries on the guidelines on January 1, 2015.
Targets fin inclusion The primary objective of setting up of payments banks will be
to further financial inclusion by providing small savings accounts and
payments/remittance services to migrant labour workforce, low income households, small
businesses, unorganised sector entities, and other users, by enabling high volume-low
value transactions in deposits and payments/remittance services in a secured technologydriven environment. Payments banks will initially be restricted to holding a maximum
balance of Rs 1 lakh per customer. After the performances of the payments banks are
gauged by the RBI, the maximum balance can be raised. The minimum paid- up voting
equity capital of the payments bank shall be Rs 100 crore.
Net worth of Rs 100 cr Any additional voting equity capital to be brought in will
depend on the promoter business plan. Further, the payments bank should have a net worth
of Rs 100 crore at all times.The promoter's minimum initial contribution to the paid-up
voting equity capital of payments bank shall be at least 40 per cent, which shall be locked in
for a period of five years from the date of commencement of business. Shareholding by
promoters shall be brought down to 40 per cent within three years from commencement of
business.Further, the promoter stake should be brought down to 30 per cent of the paid-up
voting equity capital within 10 years, and to 26 per cent within 12 years.SBI ?will take as
much as 30 per cent in RIL's proposed bank, while Bharti Airtel plans to give 19.9 per cent
stake to Kotak Mahindra Bank.
Govt puts off plans to
privatise 4 airports
Reversing its earlier plan, the government has decided to scrap the proposal to privatise
Chennai, Kolkata, Jaipur and Ahmedabad airports. Now, private players would be roped in
only for operation and maintenance activities of Jaipur and Ahmedabad airports.
A decision in this regard was taken last month during a high-level meeting that was attended
by Prime Minister Narendra Modi, Civil Aviation Minister Ashok Gajapathi Raju and his
deputy Mahesh Sharma, among others.
The earlier proposal was for undertaking the operation, management and development of
Chennai, Kolkata, Ahmedabad and Jaipur airports through public private partnership (PPP)
mode.
The Airports Authority of India (AAI) also issued Request for Qualification (RfQ) documents
in December last year. Sharma today said the government has now decided to take up Jaipur
and Ahmedabad airports on pilot basis.
Among 30 Sensex scrips, 27 were in negative zone; Nifty falls below the 8,300-mark. The BSE Sensex
nosedived by 476 points in early trade on Friday due to sustained selling by foreign funds and retail investors
after a global rout in stock markets over growth concerns.
The 30-share index tumbled 476.38 points, or 1.72 per cent, to 27,131.44 in early trade. The gauge had lost
323.82 points in the previous session.The wide-based National Stock Exchange Nifty fell below 8,300-mark,
dropping 135.30 points, or 1.62 per cent, to 8,237.45 points.
Of 50 Nifty scrips, 46 constituents were in the negative territory with losses of up to 4 per cent.
Among 30 Sensex scrips, 27 were in negative zone with Bharti Airtel falling the most by 5 per cent.All the BSE
sectoral indices, led by auto, capital goods and healthcare, were trading in negative with losses up to 2.56 per
cent.Bharti Airtel lost over 5 per cent, Tata Motors by 3.5 per cent, Hero Motors Corp by 3.4 per cent and Vedanta
by 3 per cent in early trade.ICICI Bank, HDFC, Larsen Toubro, State Bank of India and ITC too fell up to 3 per
cent dragging the index down.Sustained selling by funds amid weak trend on Asian bourses following overnight
sell-off in Europe and US markets as concerns have mounted that China's slowdown would drag on global
growth, brokers said.Besides, the depreciating rupee which fell sharply by 27 to trade at two-year low of 65.81
too weighed on sentiments, they said.Among Asian markets, Hong Kong's Hang Seng index was down by 2.05
per cent and Japan's Nikkei index shed 2.10 per cent in the morning trade.Shanghai Composite index too fell
2.47 per cent on concerns over the economy and the possible removal of government support.
Madu Koda demand from Dudiciary,
Call Manmohan Singh Former Prime
Minister of India for Legal Investigation,
Manmohan has played Vital role in
Coal Scam
Coal scam: Madhu Koda seeks summoning of ex-PM Manmohan Singh Koda, who is also an accused in the
case, sought summoning of Manmohan Singh, who was then holding the portfolio of the Coal Ministry.Former
Jharkhand chief minister Madhu Koda on Monday moved an application before a special court seeking
summoning of former Prime Minister Manmohan Singh and two others as accused in a coal scam case in which
CBI had chargesheeted industrialist Naveen Jindal and others.Koda, who is also an accused in the case, sought
summoning of Manmohan Singh, who was then holding the portfolio of the Coal Ministry, Anand Swarup who
was then Secretary (Energy) and then Mines and Geology Secretary Jai Shankar Tiwari.The copy of Koda's
application was supplied to CBI and the court asked the agency to file its reply, if any on the plea.However,
Koda's counsel told the court that the arguments on the application be heard along with arguments on framing
of charges in the case.The court then fixed August 28 for scrutiny of documents supplied to the accused by CBI
along with its charge sheet.The case pertains to alleged irregularities in allocation of Amarkonda Murgadangal
coal block in Jharkhand to two Jindal group companies, Jindal Steel and Power Ltd (JSPL) and Gagan Sponge
Iron Pvt Ltd (GSIPL).Besides Jindal, Koda, former Minister of State for Coal Dasari Narayan Rao, ex-Coal
Secretary HC Gupta and 11 others, including five firms, are accused in the case.The other individual accused in
the case are — Rajeev Jain, Director of Jindal Realty Pvt Ltd, Girish Kumar Suneja and Radha Krishna Saraf,
Directors of GSIPL, Suresh Singhal, Director of New Delhi Exim Pvt Ltd, K Ramakrishna Prasad, Managing
Director of Sowbhagya Media Ltd and chartered accountant Gyan Swaroop Garg.Besides the ten accused, five
firms — Jindal Steel and Power Ltd, Jindal Realty Pvt Ltd, Gagan Infraenergy Ltd (formerly known as
GSIPL), Sowbhagya Media Ltd and New Delhi Exim Pvt Ltd — are also accused in the case.The court had said
prima facie offences under section 120-B (criminal conspiracy) read with sections 409 (criminal breach of
trust by public servant), 420 (cheating) of IPC read with section 13(1)(c) and 13(1)(d) (criminal misconduct by
a public servant) of Prevention of Corruption Act were made out against all the 15 accused.
Vijaya Bank
hands dividend cheque to Union Finance Minister
Seen in the pictures is Kishore Sansi, MD & CEO along with B S
Rama Rao, ED and Atanu Das, GM handing over the dividend
cheque to Arun Jaitley, Union Finance Minister.
BOM pays Rs 67.87 crs in Dividend to GOI
S. Muhnot, CMD of Bank of Maharashtra presented a dividend
warrant of Rs. 67.86,99,019 for the Financial Year 2014-15 to the
Arun Jaitley in New Delhi. R. Athmaram & R.K. Gupta, Executive
Directors of the Bank were also present on the occasion.
Andhra Bank
S.K. Kalra, MD and CEO Andhra Bank inaugurates the bank's
Chandigarh, Zonal office
Central Bank announces its quarterly results
Rajeev Rishi, CMD- Central Bank of India announced the financial
results for the quarter ended June 2015 at Mumbai. Net profit
increased to Rs. 203 crs from Rs. 192 crs in June 2014, recording Yo-Y growth of 5.73 percent. Total income increased to Rs. 7,099 crs
from Rs. 6,928 crs in June 2014, recording Y-o-Y growth of 2.47
percent. On his right R.K. Goyal and to his left B. K. Divakara, Dr.
R.C. Lodha, EDs of the bank were also present at the press meet.
SBH joins hands with Shriram Automall
In The pic: Satyam Naidu- CM, SBH, amaranth- Manager, SBH, D
V Suresh Kumar-CGM-SAMG of SBH, G Rajendra Kumar (GMStressed Assets Management of SBH) , Sameer Malhotra (CEO of
SAMIL), Rajasekhar (ZH of SAMIL), Gidda Srinivas (RH of
SAMIL), jyoti Jain (NH- Marketing of SAMIL) and Sharad
Mudhra.
Oriental Bank of Commerce reduces Base Rate
Oriental Bank of Commerce has slashed its Base Rate by 10 basis
points from 10 percent p.a. to 9.90 percent p.a. with effect from 17th
August. The base rate is the minimum rate of interest at which Banks
can lend to its borrowers.
SBI, Bangalore sponsors Dr. Vishnuvardhana Tennis Ball
Cricket Tournament
Seen in the picture is Rajni Mishra, CGM, SBI addressing media at
St. Marks Road Auditorium in connection with SBI sponsored Dr.
Vishnuvardhan Cup Cricket Tournament to be held at 7th Block
Jayanagar National College Grounds from 16th August to 11th
October. Also present Cine Stars Dr. Bharathi Vishnuvardhan and S.
Shivaram.
SBI announces financial results
State Bank of India announced its financial results. Net Profit
increased by 10.25 percent from Rs. 3,349 crs in Q1 FY15 to Rs.
3,692 crs in Q1 FY 16. Operating Profit increased by 4.72 percent
from Rs. 8,788 crs in Q1 FY 15 to Rs.9, 202 crs in Q1FY16.
Punjab National Bank pays dividend to GOI
Gauri Shankar, MD & CEO Punjab National Bank along with K.V.
Brahmaji Rao, Dr. Ram S. Sangapure- ED's and P.K. Mohapatra,
General Manager HO presented dividend facsimile to Arun Jaitely,
Union Finance Minister at New Delhi.
BOB bags HR Excellence Award
Bank of Baroda (BOB) has been awarded HR Excellence Award by
the Business world for “Best initiative for Engaging Superannuated
Employees” at an award function in Mumbai.
Seen in the pic: Ranjan Dhawan, MD & CEO, BOB is seen holding
the HR Excellence Award along with K V Moorthy, ED of the Bank
(Left) and S Gnanvel, Chief Learning Officer & GM of the Bank
(Right).
Canara Bank organizes Blood Donation camp
Canara Bank organized “Blood Donation Camp” on the eve
Independence Day Celebrations at Bank's Head Office Auditorium,
in association with M/S Rashtrotthana Blood Bank. P S Rawat, ED
and Harideesh Kumar B, ED, inaugurated the camp. CGM S S Bhat,
V K Shukla and K Virupaksha, DGM were present. A total of 103
employees donated blood in the camp.
(Union Bank of India)
Launches Digital initiatives with VISA fir its customers
Keeping pace with India's transformation, Union Bank of India in
association with visa launches following three digital initiatives:
Business debit card: “Business debit card” shall be issued to all
Current Account customers under a) individual b) proprietorship c)
Partnership and d) HUF (Karta) category, free of issuance charges.
The daily cash withdrawal limit through ATM is Rs. 50,000 and
daily shopping limits through poS & online is Rs. 2 lacs. Card
holders are entitled for free Airport lounge access at Domestic/
international airport twice in each quarter, personal accident
insurance cover of Rs. 2 lacs, alongwith host of other benefits on
Travel/ Restaurants etc.Usecure credit card: Unsecure credit card
shall be issued to the customers of our bank against lien on term
deposits, free of issuance charges. Card holders shall enjoy
exclusive offers from visa on travel, entertainment and dinning and
also personal accident insurance cover of Rs. 5 lacs and Rs. 8 lacs
(air accidental death). Spending limit to the card holders shall be
restricted to a maximum cap of Rs. 5 lacs. Signature Credit Card:
Bank shall be issuing higher variant of Credit card i.e Signature
Card with a higher spending limit linked to the income of the
individual, with a cap of 20% of the annual income. Card holders
shall be entitled for free Airport Lounge access at
Domestic/International airport- twice in each quarter and other
discounts from visa on Travel, dinning and accommodation.
Spending limit to the card holders shall be equivalent to the limit of
the card. The cards were launched by Shri Arun Rakesh Sethi and
Shri Kishor Kharat, Executive Directors of the bank. Shri TR
Ramachandran, Group Country Manager- India and South Asia,
visa was also present in the function. On the occasion Shri Arun
Tiwari, Chairman and Managing Director, Union Bank of india said
that “ Launch of Business debit Card , Usecure credit card &
Signature Credit Card shall bring in lot of customer conveniences
towards digital banking and simultaneously these digital initiatives
are in line with the Government's Vision of “Digital India”.
(Bank of India)
As Liquidity eases, RBI maintains status quo
RBI has kept the Benchmark Policy Rate- Repo unchanged at
7.25% in its Third Bi- Monthly Monetary Policy Statement released
today. The move shows the cautious approach that RBI is
maintaining due to spikes in retail inflation in recent months. At the
same time, eased liquidity scenario during the past couple of months
has set the case for not tinkering with the current policy rate, slightly
improved monsoonal activity and higher reservoir levels would be
good for Kharif crops. On the manufacturing front, weak global
demand, global over capacity and depreciating currencies with
some trading partners are main reasons for a weak aggregate
demand scenario. The services sector is also presenting mixed
signals at the moment. At the same time, the statement takes
cognizance of the lowered lending rates by the commercial banks
and sees more transmissions in future as borrowing scenario
improves. The statement says that government economic reforms
and the timing of any increase in US interest rates would be key
factors for any policy action in future. It has reiterated that the
accommodative nature of monetary policy would be maintained
however maintaining a stable price regime still remains the primary
objective of the RBI.
Central Bank of India: Central Bank of India organized
“Yashaskram Shield Competition” Award Function
Central Bank of India organized “Yashaskram Shield Competition”
for the schools of Mumbai, thane & Navi Mumbai. The finals of
Mumbai Region was organised on 12th August 2015. This
competition was organised keeping in mind the two themes given
by our Hon'ble Prime Minister. First theme was “Swachh Bharat,
Swasth Bharat” and second theme was 'Beti Bachao, Beti Padhao'. It
was heartening to note that the young Mumbaikers participated very
strongly in both the competitions and their views impacted the
audience. Earlier, Shri Rajkiran Rai G.,Field General Manager
welcomed the students, teachers and their parents and appreciated
their participation. Shri R.K. Girdhar, Sr. Regional Manager,
SMRO underlined the importance of savings. The results of the
competition are as under: Ms. Alisha Merchant, Chairst Church
School, Mumbai, Ms. Preksha Jain, Shreevallabh Ashram English
Medium School, Ms. Rutuja Vilas Jadhav, D.S. High School, Sion.
(Bank of India)
Assumes charges of MD & CEO of Bank of India
Shri Melwyn Rego, Deputy Managing Director, IDBI Bank has
today i.e on 14th Aug 2015, assumed charges of Managing Director
& CEO of Bank of India. Shri Rego (DoB-19/07/1959) has been
appointed as MD & CEO for a period of 3 years or until further
orders. Shri Rego is a commerce graduate from BMCC College
Pune and an MBA from Symbiosis Institute of Business
Management, Pune. Before joining Bank of India Shri Rego
handled various important portfolios at IDBI Bank Viz.
Infrastructure Corporate Group, Project Appraisal, Debt
Sydication, Structuring and Advisory Department, Treasury and
International Banking etc. He also held the position of CEO & MD
of IDBI Homefinance Ltd. And spearheaded IDBI Bank's overseas
initiatives as head, International Banking Division.
(NKGSB)
BSFI Award
The NKGSB Co-op Bank was awarded by the Brihan Mumbai
Nagari Sahakari Banks Association Ltd, Mumbai for the deposits
worth more than Rs. 1500 crores. The association had organised a
competition between their member bank in regards to the overall
financial working. The 12th day of August 2015 witnessed the award
ceremony at Kohinoor Hall, Prabhadevi- Mumbai. The bank's
Chairman, Mr. Kishore Kulkarni received the award along with Mr.
Nagesh Fovkar- Director, Mr. Chintamani Nadkarni- Managing
Director and Mr. P.G. Kamath – Chief Gen. Manager. Prior to this
award ceremony, the bank was also bestowed with the BSFI Award.
(State Bank of India)
Views on the RBI monetary policy announced
Smt. Arundhati Bhattacharya, Chairman, SBI said, “RBI decision to
hold rates was as per market expectations. The good thing is
however that the RBI forward guidance clearly spells out the
possibility of more monetary accommodation. In our view, though
such action will be data dependent, there seems to be a bias towards
further rate cuts. The lowering of inflation projection by RBI in the
last quarter is an acknowledgement of a beingn inflation trajectory.”
With international commodity prices continuing to decline, it will
further cushion on the external front. This will mitigate any adverse
external shocks from fed rate hike. The decision to hold repo rate
was as per market consensus. With monsoon projections better there
are indeed rooms for more monetary accommodation, as RBI
suggests. “Smt. Bhattacharya added.
With Best Compliments,
AMJEY CHEM TRADE PVT LTD
Distributor of Chemicals
402.4th Floor Nanak Chambers, Opp Fun Republic Cinema
Near Laxmi Industrial Estate Andheri (West) ,Mumbai-400053.India
Tel:0091-22-42418100 / 20.Fax:0091-22-42418106
Email:Mumbai@amjeygroup.com, Website: www.amjeychemicals.com
7 point PSU reform plan
“SBI wholeheartedly welcomes the seven pillared plan,
indradhanush, to revamp functioning of public sector banks as
launched by Honourable Finance Minister. These will reinvigorate
the public sector banks and strategically enable them to take
informed decisions in their quest for greater efficiencies. These
steps are likely to alter the scope of the banking landscape in the
country and enable it to realize hither to unexplored.”
Country Wrap titled 'Brazilan Samba'
Brazil has been impacted by declining commodity prices
meanwhile, tight monetary policy amid accelerating inflation (way
above the official policy target of 4.5%+-2%) is another problem
faced by the economy. In addition, deeping of the petrobras
corruption scandal engulfing political elites and industrial
conglomerates is taking a toll on the overall business and investor
sentiments. Lower tax revenues amid sluggish economy has pressed
the Government to slash the fiscal savings goal. Consequently, the
local currency has plummeted to 12- year low of BRL 3.46 per USD
in the recent week. Given the large current account deficit and
disappointing fiscal situation, Brazilan Real is likely to remain
under pressure going ahead. However, the banking sector remains
healthy and well capitalized, albeit with some hiccups for the
smaller banks. Looking ahead, only a pick- up in commodity prices
can provide relief to the sagging economy.
BIG CORP
GM hoisted the national flag at WR, HQ
The Independence Day of our nation was marked at Western
Railway HQs at Churchgate with flag hoisting by G. C. Agrawal,
General Manager, W.Rly. He inspected the ceremonial parade; took
salute of the marchpast and extended his greetings to all
Railwaymen and their families on this august occasion. He
mentioned the major achievements and performance of W.Rly in
recent past and laid special emphasis on impressive freight loading,
increase in earnings and improvement in passenger amenities.
(SIDBI)
CVC Shri K.V. Chowdary's Interaction with CVOs in Mumbai
Central Vigilance Commissioner, Shri K.V. Chowdary interacted
with CVOs of various PSUs/PSBs/Insurance Companies in SIDBI,
BKC office, Mumbai organized under the aegis of Mumbai
Vigilance Study circle. The meeting commenced with the Central
Vigilance Commissioner, Shri K.V. Chowdary and CMD, SIDBI,
Dr. Kshatrapati Shivaji paying rich tributes to Dr. APJ Abdul Kalam
and observance of 2 minutes silence as a mark of respect to the
former president.
Hema Malini visits Mumbai Port Trust
Member of Parliament and renowned Bollywood Actor Hema
Malini paid a courtesy visit to the Mumbai Port Trust on 12th August
2015. In her interaction with the Chairman, Mumbai Port Trust Ravi
Parmar she evinced interest in the steps being taken by the Port to
open up the Ballard Estate area for organizing Ballard Estate
Festival.
KR celebrated Independence day
Konkan Railway celebrated Independence Day at Konkan Rail
Vihar, Nerul, Navi Mumbai. Seen in the picture is Bhanu Prakash
Tayal, Chairman & Managing Director of Konkan Railway
inspecting the Guard of Honour by the RPF Contingent of Konkan
Railway after the Flag Hoisting.
JNPT celebrates 69th Independence Day
JNPT celebrated 69th Independence Day with the usual colour and
fervour. Niraj Bansal, IRS, Chairman, JNPT unfurled the national
flag, inspected the parade and took the salute at the Independence
Day celebrations held at the Port. Chairman, JNPT extended warm
wishes on the occasion of the Country's 69th Independence Day. In
his brief speech, he recalled the contribution of the countless
freedom fighters who laid down their lives during the freedom
movement of India.
nd
Finance Minister to Inaugurate 2 annual 'Banking & Economics
Conclave' 2015
The state Bank of India is organizing its 2 nd Banking and
th
Economics Conclave on August 20 with the theme for this year
being 'India's Growth Story: What needs to be done? The event
seeks to stimulate informed discussion amongst distinguished
industrialists, regulators, policy makers, academicians and
professionals to get their insights on thought provoking topics per
taining to the current banking and economic scenario and come up
with an agenda for driving India's growth momentum. The event
th
will be inaugurated by Honourable Finance Minister on Aug 18 .
On Aug 20th, RBI Governor and SBI Chairman will have a
conversation. This is a departure from the customary practice and is
likely to generate considerable interest from the audience. This year
the program is structured across 4 panel discussions. The CEO panel
will deliberate on the topic 'agenda to rev up Growth'. The objective
of the discussion will be to find out the key issues inhibiting India's
overall economic activity.
Seen in the photograph is Arundhati Bhattacharya, Chairman, SBI,
Arun Jaitley, Union Minister of Finance, Corporate Affairs &
Information and Broadcasting, Jayant Sinha, Minister of State
Finance and Dr. Hasmukh Adhia, Secretary Department of
Financial Services, Govt. of India at the launch of SBI Foundation
brand logo and website.
CR Celebrates Independence Day
Central Railway celebrated 69th Independence day with pride &
enthusiasm. Sunil Kumar Sood, General Manager, Central Railway
unfurled the National Flag at the historic foyer of Chhatrapati
Shivaji Terminus, Mumbai on 15.8.2015. Sood after accepting the
Guard of Honour from RPF Contigent addressed the gathering.
Principal Heads of Departments of Central Railway and officers and
staff were also present on the occasion.
Union Bank of India launches Digital initiatives
with VISA for its customers
Keeping pace with India's Digital transformation, Union Bank of
India in association with Visa launches following three digital
initiatives Business Debit Card, Usecure Credit Card, Signature
Credit Card. The cards were launched by Arun Tiwari, Chairman &
Managing Director, Union Bank of India in the presence of Rakesh
Sethi and Kishor Kharat, Executive Directors of the Bank. TR
Ramachandran, Group Country ManagerIndia and South Asia, Visa
was also present in the function.
KVIC celebrates Independence day
69th Independence Day of the Nation was celebrated in a novel way
by officials of KVIC with great zeal and enthusiasm. On this
occasion tri color of the nation was unfurled in the H.Q premises by
a MTS staff of the Organization who was deputed the task by Arun
Kumar Jha, Commissioner/CEO of KVIC giving him honour to
follow the ritual of unfurling the National flag. For the first time in
the history of the organization on this day officials of KVIC took
oath to live with Unity, fraternity, integrity and brotherhood.
PAHAL (DBTL) Scheme is now a Guinness
World Records Title Holder
ONGC celebrates its 60th Foundation Day today. A series of events
marking this momentous occasion were held at various workcenters
of ONGC with Dharmendra Pradhan,Minister of State
(Independent Charge), Petroleum and Natural Gas leading and
rolling out the Diamond Jubilee celebrations at the Uran Plant of
ONGC, 45 kilometres off Mumbai.
The Ministry of Petroleum and Natural Gas (MoPNG), Government
of India, had launched the Direct Benefit Transfer of LPG Subsidy
(DBTL) scheme christened as PAHAL (Pratyaksha Hastaantarit
Laabh), in 54 districts on 15.11.2014 and in the rest of the country on
01.01.2015. Under DBTL (PAHAL) scheme, each LPG consumer
has to link his Aadhaar number in the LPG database and in the bank
account database. Alternately, LPG consumers who do not have
Aadhaar number can also get subsidy into their bank account by
simply linking their Bank Account with their LPG database.
Independence Day Celebrated in RCF
SCI's Q1 profits soar due to tankers
R. G. Rajan, CMD of Rashtriya Chemicals and Fertilizers Ltd
unfurled Indian Tricolour on the occassion of 69th Independence
Day celebrated in RCF Sports Complex in presence of all Directors
Executive Directors, Senior Officials, RCF Employees and their
families. G. Rajan addressed the gathering informing company's
achievements, briefed about future plans and distributed various
awards & prizes.
The Shipping Corporation of India (SCI) declared its unaudited
financial results for the quarter ended 30th June 2015 posting a net
profit of Rs. 163.54 crores as against a net profit of Rs. 49.50 crores
during the quarter ended 30th June 2014 and a net profit of Rs.
101.49 during the quarter ended March 2015. SCI had registered a
net profit of Rs. 200.93 crores for the year ended 31st March 2015.
The quantum leap in profits during the quarter has been attributed to
the rally in tanker markets aided by the continued slide in world
crude oil prices. SCI currently owns 69 vessels corresponding to
5.89 million dead weight tonnes and 3.29 million gross tonnes
which include thirty five tankers.
ONGC's Celebrations on its foundation day
Finance Minister Unveils SBI Foundation Brand
logo and website
Cont.. P-1
EMERGENCY OF INDIRA REGIME,
The event was Bihar Samman Sammelan organised by Maithili Bhojpuri Academy, a
state-funded language academy, to felicitate outstanding contributions to the fields of
art, culture, academics, medicine by Biharis. Nitish Kumar was the chief guest at the
event. Addressing a packed auditorium, the Bihar CM said, “Modi announced a Rs
1.25 lakh crore package but will he please explain what is it for, when will we get it or
whether it has been sanctioned. I request him to stop this petty give-and-take. If he
really wants to give Bihar something then grant the state special status.” Kejriwal
joined the demand and asked the Bihari diaspora to “call up relatives back in Bihar to
convey the message”. He also attacked the PM on the Rs 1.25 lakh crore package for
Bihar, alleging that it was an attempt to “buy votes”. “If he has so much money then
why does he not go to Jantar Mantar and announce funds for One Rank, One Pension
(OROP). In the last 25 years, no party got such a mandate but that trust is broken now.
What has he done in the last one year? He had promised to get back black money and
now he is saying forget black money, do yoga. Had he told people he would make them
do yoga no one would have voted for him,” said Kejriwal.
“THIS IS ONE OF THE TOUGHEST TIME FOR THE STEEL INDUSTRY,
ALL STEELMAKERS ARE PASSING THROUGH THIS CRITICAL PHASE,
MAINLY DUE TO THE LOW-COST IMPORTS PARTICULARLY FROM CHINA.
and sealer of prices. Steel Authority of India (SAIL) reported losses after a gap of
over 12 years. The company on Friday reported a standalone net loss of Rs 321.64
crore for the June quarter against a net profit of Rs 530 crore in the year-ago period,
owing to subdued sales and prices of alloy and higher costs.Given the persisting
threat of cheap imports from China, Russia, Korea and Japan, it would be imperative
for SAIL to improve its product-mix and prune costs to return to profitability,
analysts said.In the previous quarter, SAIL reported a net profit of Rs 334.22 crore.
SAIL last reported losses (of Rs 78.75 crore) in the third quarter of 2002-03.
After touching 52-week low of Rs 53.95 in morning trade, the SAIL stocks closed
0.53% higher at Rs 56.40 on BSE.Steel secretary Rakesh singh, who is also holding
the additional charge as SAIL chairman, said the company's thrust would be on
maximising production of value-added products to get the benefit of increased
infrastructure spending in the near future.SAIL's total income fell 16% to Rs
9,502.80 crore in the April-June quarter from Rs 11,341.20 crore in the same quarter a
year ago. While the sales fell 2.28% to 2.691 MT in the quarter, net sales realisation
fell 15.3%, largely due to the subdued price of the alloy.
HR coil prices in India have fallen by over 23% in a year to Rs 28,800 per tonne while
the prices of TMT bars declined by 24% to Rs 34,450 a tonne.Though raw material
consumption, power and fuel costs, depreciation charges and employee benefit
expenses were higher in the quarter year-on-year, total expenses were lower at Rs
10,010.55 crore against Rs 10,619.32 crore in the year-ago period. Higher finance
costs, which rose to Rs 443 crore against Rs 305 crore a year ago, added to the
losses.“This is one of the toughest time for the steel industry. All steelmakers are
passing through this critical phase, mainly due to the low-cost imports particularly
from China. Going forward, the yuan fall is likely to aggravate the situation further in
the near-term,” said Anjani Agrawal, Partner and India Leader (Metals and Mining),
EY.Value-added product's contributed just 42% of SAIL's total sales during the
quarter. This compares poorly with Japanese and Korean steelmakers produce over
80% of value-added products in any year out of their total production.
Owing to a global demand crunch, excess steel produced in many countries is
increasingly being dumped into India. While Japanese and Korean steelmakers are
taking advantage of the free trade pacts with India, for Chinese steelmakers exports
are a must to remain afloat. The devaluation yuan has increased China's
competitiveness, nullifying any potential impact of the recent hikes in import duties.
China's export prices are close to 25% cheaper than domestic steel prices.Imports to
India grew by 54% during the first quarter compared to the same period last year. This
eroded a large share of the domestically produced steel.
The Maharatna steel company has five integrated steel mills with around 17 MT
annual capacity and has close to one lakh employees.
CBI files assets case against Raja,Assets case is Common Practices
in India, Brievery and Corruption is Growing like Mosquites ,
Jayalalitha, Jagmohan reddy and many More.A Raja & His wife
and 15 others too are accused in the new case
The Central Bureau of Investigation registered a disproportionate assets case against former Telecom Minister A. Raja,
his wife and 15 others on Wednesday. Mr. Raja has been accused of acquiring disproportionate assets of Rs. 27.92 crore
through his relatives and close associates from 1999 to 2010.Soon after registering the case, which is said to be a result of
the 2G case investigation against the former Minister, the agency raided 20 places in New Delhi, Chennai, Coimbatore,
Tiruchi and Perambalur simultaneously. Income-tax returns, property documents, financial statements, fixed-deposit
receipts and other documents were seized. The searches continued till late on Wednesday night. Investigators said they
had seized a locker key in Mr. Raja's New Delhi residence. Five diaries seized earlier are being analysed in this case. “The
diaries have handwritten details of several crores of rupees sent in cash from New Delhi to Chennai. Contents of the
locker, whose key was with an aide in the house, could provide more evidence,” a CBI official said.Apart from Mr. Raja's
wife, Parameswari, the accused include his nephew Parmesh Kumar, close associate C. Krishnamurthy and Reha Banu,
wife of another close associate, Sadiq Basha, who allegedly committed suicide. Basha was a Director of Green House
Promoters Pvt. Ltd.“Mr. Raja and the other accused allegedly amassed assets, even immovable properties, through
various companies such as Green House Promoters, Kovai Shelters Promoters and Shivakamam Trading Pvt. Ltd. These
firms were managed by close relatives and associates of Mr. Raja,” a CBI official said.The CBI investigation revealed that
several relatives and associates of Mr. Raja allegedly registered “exponential” financial growth during the period in
question without a commensurate source of income.While perusing details of a property sold in Chennai, investigators
found that the classification of a piece of land owned by the accused along Old Mahabalipuram Road was converted from
aqua zone to residential zone and sold at an exorbitant price to a property developer. Madu Koda demand from Dudiciary,
Call Manmohan Singh Former Prime Minister of India for Legal Investigation, Manmohan has played Vital role in Coal
Scam Coal scam: Madhu Koda seeks summoning of ex-PM Manmohan Singh Koda, who is also an accused in the case,
sought summoning of Manmohan Singh, who was then holding the portfolio of the Coal Ministry.Former Jharkhand chief
minister Madhu Koda on Monday moved an application before a special court seeking summoning of former Prime
Minister Manmohan Singh and two others as accused in a coal scam case in which CBI had chargesheeted industrialist
Naveen Jindal and others.Koda, who is also an accused in the case, sought summoning of Manmohan Singh, who was then
holding the portfolio of the Coal Ministry, Anand Swarup who was then Secretary (Energy) and then Mines and Geology
Secretary Jai Shankar Tiwari.The copy of Koda's application was supplied to CBI and the court asked the agency to file its
reply, if any on the plea.However, Koda's counsel told the court that the arguments on the application be heard along with
arguments on framing of charges in the case.The court then fixed August 28 for scrutiny of documents supplied to the
accused by CBI along with its charge sheet.The case pertains to alleged irregularities in allocation of Amarkonda
Murgadangal coal block in Jharkhand to two Jindal group companies, Jindal Steel and Power Ltd (JSPL) and Gagan
Sponge Iron Pvt Ltd (GSIPL).Besides Jindal, Koda, former Minister of State for Coal Dasari Narayan Rao, ex-Coal
Secretary HC Gupta and 11 others, including five firms, are accused in the case.The other individual accused in the case
are — Rajeev Jain, Director of Jindal Realty Pvt Ltd, Girish Kumar Suneja and Radha Krishna Saraf, Directors of GSIPL,
Suresh Singhal, Director of New Delhi Exim Pvt Ltd, K Ramakrishna Prasad, Managing Director of Sowbhagya Media
Ltd and chartered accountant Gyan Swaroop Garg.Besides the ten accused, five firms — Jindal Steel and Power Ltd,
Jindal Realty Pvt Ltd, Gagan Infraenergy Ltd (formerly known as GSIPL), Sowbhagya Media Ltd and New Delhi Exim
Pvt Ltd — are also accused in the case.The court had said prima facie offences under section 120-B (criminal conspiracy)
read with sections 409 (criminal breach of trust by public servant), 420 (cheating) of IPC read with section 13(1)(c) and
13(1)(d) (criminal misconduct by a public servant) of Prevention of Corruption Act were made out against all the 15
accused.
BJP MP Shatrughan Sinha's wife Poonam Sinha to contest on
JD(U) ticket in upcoming Bihar polls?
The growing alienation with the Narendra Modi camp was visible when the Sinha chose to skip the 'Mahaparivartan' rally
in Muzzafarpur addressed by the Prime Minister. Instead, on the very next day, he went on to meet Nitish Kumar, who was
the primary target in Modi's rhetoric.On the Other hand Yashwant sinha Seems very Annoyed with BJP ,because he was
waiting to Announce his name for Chief Minister Jharkhand,Yashwanth Sinha has done very hard work ,road shows,went
to jail ,he has gone through a very hard line to achieve the post of CM ,Jharkhand,BJP Supremo Shah has Ignored the
Importance of Yashwant Sinha.Before Entering into the Politics Sinha joined the Indian Administrative Service in 1960
and spent over 24 years holding important posts during his service tenure.Sinha During the Indira Gandhi Regime ,he was
the Private Seretary of the Former Minister Late.A.P.Sharma,after his demise,sinha Join hand with Chandrashekhar
Former PM ,India, When the Janata Dal was formed in 1989, he was appointed General Secretary of the party. He worked
as Minister of Finance from November 1990 to June 1991 in Chandra Shekhar's Cabinet.After Some years Yashwant
Sinha has a wide range of interests ,meeting people. He has widely travelled and has led a number of political and social
delegations. He played a leading role in many negotiations on behalf of India.Today BJP ,Has Sideline such a Vesatile
Leadersip His son Jayant Sinha, a consultant and investor, won the 2014 elections for the Hazaribagh constituency and is
currently serving as Minister of State in Finance in Narendra Modi's cabinet.Yashwant Sinha is Still waiting to take over
as CM,Jharkhand Before,Oct 2015,Bihar Elections.
Cont.. P-1
I am not shielding anyone. The law will take its own course."
Police said a trap was laid following a complaint filed by Sanjay Kumawat, a native of
Rajasthan, that the accused were demanding a bribe to allot a plot to set up a unit to manufacture
ayurvedic medicines. Sources said the accused allegedly kept Kumawat's file pending for over
100 days despite all formalities being completed, prompting him to file the plaint. The trap,
which ran into play around 2pm, saw the ACB team take about five hours to complete all the
formalities of the arrest, said sources. ACB superintendent of police Bosco George later
confirmed to TOI the duo's arrest. In his recent Independence Day speech, Parsekar had said, in
reference to the ongoing probe into the Louis Berger bribery case, "I am making it very clear
that if the government comes under pressure from those politicians involved in corruption cases
then this government will not bend and will not step back in the case." In 2013, almost 4 lakh sq
m of land was acquired by GIDC with an eye on making Tuem industrial estate—in the CM's
home taluka of Pernem—the state's largest. The government plans to set up big, non-polluting
industries in the additional land. Malvankar has been posted at the Tuem estate as field manager
from before the acquisition of the additional land.
RBI's tentative OK for 11 payments banks
In a long-pending move, the Reserve Bank of India (RBI) has given in-principle nod to 11
applicants to launch payments banks. The applicants given the nod are Aditya Birla Nuvo,
Airtel M Commerce Services, Cholamandalam Distribution Services, Department of Posts,
Fino PayTech, National Securities Depository, Reliance Industries, Dilip Shantilal Shanghvi
(promoter of Sun Pharma), Vijay Shekhar Sharma (promoter of Paytm), Tech Mahindra, and
Vodafone m-pesa. The in-principle approval granted will be valid for a period of 18 months,
during which time the applicants have to comply with the requirements under the guidelines
and fulfill the other conditions as may be stipulated by the RBI. On being satisfied that the
applicants have complied with the requisite conditions, the Reserve Bank would consider
granting to them a licence for commencement of banking business under Section 22(1) of the
Banking Regulation Act, 1949. Until a regular licence is issued, the applicants cannot
undertake any banking business, RBI said. The Reserve Bank had received 41 applications for
payments banks. Draft guidelines for licensing of payments banks were released for public
comments on July 17, 2014. Based on the comments and suggestions received, final guidelines
were issued on November 27, 2014. The Reserve Bank also issued clarifications to the queries
on the guidelines on January 1, 2015. Targets fin inclusion The primary objective of setting up
of payments banks will be to further financial inclusion by providing small savings accounts
and payments/remittance services to migrant labour workforce, low income households, small
businesses, unorganised sector entities, and other users, by enabling high volume-low value
transactions in deposits and payments/remittance services in a secured technology-driven
environment. Payments banks will initially be restricted to holding a maximum balance of Rs 1
lakh per customer. After the performances of the payments banks are gauged by the RBI, the
maximum balance can be raised. The minimum paid- up voting equity capital of the payments
bank shall be Rs 100 crore. Net worth of Rs 100 cr Any additional voting equity capital to be
brought in will depend on the promoter business plan. Further, the payments bank should have
a net worth of Rs 100 crore at all times.The promoter's minimum initial contribution to the
paid-up voting equity capital of payments bank shall be at least 40 per cent, which shall be
locked in for a period of five years from the date of commencement of business. Shareholding
by promoters shall be brought down to 40 per cent within three years from commencement of
business.Further, the promoter stake should be brought down to 30 per cent of the paid-up
voting equity capital within 10 years, and to 26 per cent within 12 years.SBI ?will take as much
as 30 per cent in RIL's proposed bank, while Bharti Airtel plans to give 19.9 per cent stake to
Kotak Mahindra Bank.
Suspended Gujarat
IPS officer
Sanjiv Bhatt sacked
Suspended Indian Police officer Sanjiv Bhatt, who had taken on then Chief Minister Narendra Modi over the
2002 Gujarat riots, was today sacked on the ground of "unauthorised absence" from service, an action which
he said followed a "sham inquiry" on "completely fabricated charges". "Yes, it is true that my services have
been terminated. This was expected. They have been conducting a completely ex-parte inquiry. I got the
letter (sack order) from them (the Home ministry)," Bhatt told PTI this evening. Gujarat Chief Secretary G R
Aloria confirmed the development. "Services of Sanjiv Bhatt have been terminated," he said. Bhatt has been
under suspension since 2011 after he took on the then Modi government over the 2002 Gujarat riots on
charges of remaining absent from duty without permission and misuse of official vehicles. At the time, he
was posted in Junagadh. A 1988-batch IPS officer, Bhatt had filed an affidavit before the Supreme Court,
claiming that he had attended a meeting at Modi's residence in Gandhinagar on February 27, 2002, during
which the chief minister had instructed the top police officers to allow the Hindus "to vent out their anger"
after the train-burning incident at Godhra earlier that month.However, his claim was rejected by the apexcourt appointed Special Investigation Team, which probe nine major incidents related to the post-Godhra
riots. Bhatt said he was sacked on the basis of "a sham inquiry" with regard to his "unauthorised absence"
from service when he had come to Ahmedabad to depose before the special investiprobing the 2002 riots. "In
fact, I have enjoyed every moment of the last 27 years in the IPS. The Government of the day has decided to
remove me from service after conduction a sham, ex-parte inquiry on completely fabricated charges of
'unauthorised absence from duty'," he said in a Facebook post Bhat said the ground of his sacking -unauthorised absence from duty' -- pertains to the period when he was deposing before the SIT (investigating
into the Zakia Jafri complaint) and the Nanavati Commission (inquiring into the Gujarat riots). "Be that as it
may, the bottom-line is that if the Government of the day does not require my services...so be it. I pray to God
that he may continue to kindle and stoke the passion and fire that has possessed me all these years. May He
continue to lead me in my just pursuits", he said. When asked if he will challenge his sacking, Bhatt said he
did not want to impose himself on the government. "A lot can be done (against the move) but whether it is
worth challenging....Government does not want me, why I should be so keen that I want to remain in this,"
Bhatt said. "I had joined the police with a passion, now it seems the country and this government does not
need me. So whatever has happened is good. I cannot impose myself on the government." The IPS officer
faced fresh trouble recently when the Gujarat government issued a show-cause notice to him over a video
purportedly showing him with a woman. It sought his explanation for allegedly having extra-marital
relationship; Bhatt denied that the man in the video was him. In his reply, Bhatt had contended that a closer
examination of the video clipping brought out "striking differences" in facial features, including the shape
and size of the nose, forehead and ears.
Devendra Fadnavis, Amit Shah attend ceremonies at Nashik Kumbh Mela, politics follows
The ceremony was completed amid loud drum beats and chants of 'Prabhu Ramchandra Ki Jai' on Wednesday morning, in the
presence of BJP president Amit Shah, Fadnavis, Bhujbal, Murtadak and several others.
The traditional 'Dhwajarohan' (flag hoisting ceremony) at the Kumbh Mela in Trimbakeshwar became a stage for political sniping Wednesday morning, after Nashik Mayor Ashok Murtadak brought up the issue
of funds needed for the event. Nationalist Congress Party (NCP) leader Chhagan Bhujbal took the opportunity to take potshots at Chief Minister Devendra Fadnavis. The ceremony was completed amid loud drum
beats and chants of 'Prabhu Ramchandra Ki Jai' on Wednesday morning, in the presence of BJP president Amit Shah, Fadnavis, Bhujbal, Murtadak and several others. At a function held after the ceremony, all four
of them shared the stage and addressed the people at the venue. During his speech, Murtadak outlined the arrangements made at Sadhugram by the Nashik Municipal Corporation (NMC) and also presented
financial details of the events, asking Shah to convey to the Centre that Nashik is in need of Rs 500 crore. Bhujbal, too, urged Shah to request Prime Minister Narendra Modi for fund. He added that Fadnavis could
have done the same but that he was “cold voiced” when it comes to making such requests. Fadnavis, when he took the dias, assured all stakeholders of the Kumbh Mela that the Centre had asked him to “handle the
situation as the nation's pride was at stake”. “I assure any and all financial assistance needed for the Kumbh Mela. We will give you everything that you ask for,” Fadnavis said. Shah said that the Kumbh Mela is an
excellent example for management students to study. “Management students should research the details of the event. It is a religious experience that cleanses people. Maa Godavari helps,” he said. Later, Shah and
Fadanvis went to Trimbakeshwar, to attend the installation ceremony of Navnath idols in a temple constructed by Gorakhnath temple trust. Earlier in the day, Shah had also participated in a short pooja at the
Ramkund, along with his family and some other political leaders. The respective flags of the Digambar, Nirwani and Nirmohi akhadas were raised in the Sadhugram area in Nashik. The akhadas had erected their
makeshift tents in earmarked areas and carried out their religious activities, which include langars, prayers, singing of devotional hymns and 'educating' pilgrims on the significance of the Kumbh. Each flag was
hoisted on wooden poles over 50 feet tall, and before they were unfurled, sadhus demonstrated traditional skills of war, like wielding a 'dandpatta' (gauntlet sword), while others burst firecrackers and played
drums. The number of visitors, which is currently pegged at one lakh people, is expected to rise sharply by next week.
World Humanitarian Day - 19 August 2015
Convention on Human Rights & Social Justics
Honb.Guest Left to Right
Param Pujya Mahant Shri Akhileshwar
Das Maharaj (Dharmacharya), Arvind
Vegda, famous Gujarati Singer,
Mukesh Pandey – National General
Secretary, Spokesperson & Party incharge of Delhi, Maharashtra and
Gujarat of Lokjanshakti Party(Kisan
Cell), Gordhanbhai Zadafiya - Kisan
Morcha General Secretary of BJP,
S/Shri P P Pandey(IPS)-Addl. DGP
(law & order), Gujarat Ramesh Solanki
– Chairman of Gujarat SC
Development Corporation, Rambhai
Bhimani-President of Gujarat Film
Producers' Association, Bharat
Devmani (IIS) News Editor, Ministry
of I & B, Pramod Tiwari – Professor in
Central University,Gujarat, Rakesh
Pandey, President, PFHR Presiding the
Convention.
TH
GLIMPSES OF THE SEMINAR ON 19 AUGUST 2015 AT INFOCITY CLUB, IT HUB, GHANDHINAGAR (GUJ)
Reel Dabang
Real Dabang
Breakthrough in treating leucoderma Now, new paper-based test may
In a first, a medication for treating rheumatoid arthritis has restored skin colour in a patient suffering from
vitiligo. The results of the study were published on June 24 in the journal JAMA Dermatology.
Leucoderma is a condition that causes skin to lose its pigmentation or colour. As a result, people with
vitiligo have white patches on the skin. In an advanced stage, most of the body skin can lose its
pigmentation. Current treatments, such as steroid creams and light therapy, fall short as they are “not
reliably effective in reversing the disease.” Researchers from Yale University used an existing FDAapproved medication for rheumatoid arthritis called tofacitinib citrate to successfully treat a patient
suffering from vitiligo. Dr. Brett A. King, assistant professor of dermatology at Yale University School of
Medicine and Brittany Craiglow, the two authors of the paper, administered tofacitinib citrate to a 53year-old patient with prominent white spots covering her face, hands, and body.
Quick result According to a Yale School of Medicine press release, within two months of treatment, the
patient experienced partial repigmentation on her face, arms, and hands. And after five months of
treatment, the white spots on her face and hands had completely disappeared. The drug caused no adverse
side effects in the patient.“It's a first, and it could revolutionize treatment of an awful disease,” Dr. King
was quoted as saying.. “This may be a huge step forward in the treatment of patients with this condition.”
He intends to carry out clinical trials to test the drug's efficacy in treating people with vitiligo. The
inspiration What inspired the researchers to use the drug was its magical power in treating hair loss in a
patient suffering from alopecia universalis condition. People with this condition tend to rapidly lose all
hair on the body, including eyebrows and eyelashes. The 25-year-old patient who had psoriasis was
referred to Dr. King for psoriasis treatment. Since tofacitinib citrate had been used successfully for
treating psoriasis in humans and had also reversed alopecia areata in mice, Dr. King used the drug on the
patient. After two months of treatment, some improvement was seen in his psoriasis condition and hair
growth was seen on his scalp and face. His scalp hair had completely regrown and “clearly visible
eyebrows, eyelashes, and facial hair, as well as armpit hair were seen” at the end of the fifth month. By
end of the eighth month the patient had “full regrowth” of hair. The results of the work were published in
June 2014 in the Journal of Investigative Dermatology. “Tofacitinib appears to spur hair regrowth in a
patient with alopecia universalis by turning off the immune system attack on hair follicles that is
prompted by the disease,” Dr. King had said in a release last year. “The drug helps in some, but not all,
cases of psoriasis, and was mildly effective in this patient's case.”
This book can save lives
Each pull-out page of the “Drinkable Book”
contains nanoparticles of silver that can kill
waterborne bacteria and purify up to 100 litres
of water. In trials, the paper successfully
removed more than 99% of bacteria. The
research is being presented at this week's
American Chemical Society's national
meeting. According to the World Health
Organization, 3.4 million people die each year
due to health issues stemming from unsanitary
water. The “Drinkable Book” is the brainchild
of Theresa Dankovich, from Carnegie Mellon
University in Pittsburgh, who was researching a
simple, inexpensive way to sanitize water. She
developed “pAge drinking paper,” which is a
sturdy sheet of paper loaded with silver and
copper nanoparticles that kill dangerous
microbes living in dirty water. Since 400 BC,
silver has has been used as an antimicrobial.
Herodotus accounts that no Persian king would
drink water that was not transported in silver
containers, which kept the water fresh for years.
Hippocrates used silver preparations for the
treatment of ulcers and to promote the healing
of wounds.
help detect Ebola, dengue faster
The results are noted based on the colour change observed after the blood sample of the patient is
dabbed on it. Researchers say it will be helpful in remote places as no technical expertise or
expensive equipment is needed. Researchers have developed a paper-based device that changes
colour, depending on whether the patient has Ebola, yellow fever or dengue, an advance that can
help diagnose the diseases within minutes in remote, low-resource settings. Standard approaches
for diagnosing viral infections require technical expertise and expensive equipment, said researcher
Kimberly Hamad-Schifferli. “Typically people perform PCR and ELISA, which are highly
accurate, but they need a controlled lab environment,” she said. Polymerase chain reaction (PCR)
and enzyme-linked immunosorbent assay (ELISA) are bioassays that detect pathogens directly or
indirectly, respectively. Colour-changing paper devices that work similar to over-the-counter
pregnancy tests offer a possible solution. “These are not meant to replace PCR and ELISA because
we can't match their accuracy. But this is a complementary technique for places with no running
water or electricity,” Hamad-Schifferli said. Hamad-Schifferli and her team at the Massachusetts
Institute of Technology, Harvard Medical School and the US Food and Drug Administration build
silver nanoparticles in a rainbow of colours. The sizes of the nanoparticles determine their colours.
Therefore, the team uses different sizes of these chemical ingredients for various hues. The
researchers attached red, green or orange nanoparticles to antibodies that specifically bind to
proteins from the organisms that cause Ebola, dengue or yellow fever, respectively. They
introduced the antibody-tagged nanoparticles onto the end of a small strip of paper. In the paper's
middle, the researchers affixed “capture” antibodies to three test lines at different locations, one for
each disease. To test the device, the researchers spiked blood samples with the viral proteins and
then dropped small volumes onto the end of the paper device. If a sample contained dengue proteins,
for example, then the dengue antibody, which was attached to a green nanoparticle, latched onto one
of those proteins. This complex then migrated through the paper, until reaching the dengue fever test
line, where a second dengue-specific antibody captured it. That stopped the complex from going
farther down the strip, and the test line turned green. When the researchers tested samples with
proteins from Ebola or yellow fever, the antibody complexes migrated to different places on the
strip and turned red or orange. “Using other laboratory tests, we know the typical concentrations of
yellow fever or dengue virus in patient blood. We know that the paper-based test is sensitive enough
to detect concentrations well below that range,” said Hamad-Schifferli. The team will present their
research at the 250th National Meeting & Exposition of the American Chemical Society (ACS) in
Boston.
HIV-related viruses infected
primates 16 million years ago
Researchers studied the evolution
of on an antiviral gene called TRIM5
Increase taxes on tobacco products
to curb demand:
WHO India has made “progress”
Here's a cool way to stay fit:
Eat red hot chillies
In African monkeys.Viruses closely related to
human immunodeficiency virus (HIV) that may
cause AIDS, have infected primates in Africa for
as long as 16 million years, says a new study.
“Lentiviruses closely related to modern SIVs
(simian immunodeficiency virus) were present in
Africa and infecting the ancestors of
cercopithecine primates as far back as 16 million
years ago,” the study noted.Interested in the
history of lentiviruses - the group of retroviruses
to which HIV and its simian (monkey) relatives,
the SIVs belong - Welkin Johnson, from Boston
College, US, and colleagues studied the evolution
of on an antiviral gene called TRIM5 in African
monkeys.TRIM5 is part of a group of antiviral
genes called “restriction factors,” which have
evolved to protect host cells from infection by
viruses. The human version of TRIM5 does not
interfere with——and therefore not protect
against——HIV, but many monkeys have TRIM5
variants that do render HIV harmless and are
therefore immune to HIV/AIDS, the study said.
Increasing taxes on cigarettes between 2012-14, a
WHO report released today said which also urged
nations across the globe to raise taxes on tobacco
products to reduce its consumption. WHO Report
on the Global Tobacco Epidemic 2015 which was
released today in Manila said that “too few”
governments levy appropriate levels of tax on
cigarettes and other tobacco products and miss out
on a proven, low-cost measure to curb demand for
tobacco and save lives. A top official of the WHO
South-East Asia region after the launch of the
report noted that India's comprehensive tobacco
control program has expanded to cover the entire
nation now and advocated the urgent need for
improved tax measures, stronger law enforcement
and enhanced cessation efforts for nations of this
region. “The WHO Report on the Global Tobacco
Epidemic released today shows that between 2012
and 2014, Bangladesh, India and Maldives have
made progress in increasing taxes on cigarettes...
Capsaicin, found in chillies, may prevent
overeating through an action on nerves in the
stomach.Here's a cool way to stay fit: Eat red hot
chillies. According to a study, eating of hot chillies
can prevent overeating via an action on nerves in
the stomach, thus curbing obesity in chilli lovers.
Researchers from University of Adelaide
discovered that a high-fat diet may impair
important hot chilli receptors located in the
stomach that signal fullness. The stomach
stretches when it is full, which activates nerves in
the stomach to tell the body that it has had enough
food. “We found that this activation is regulated
through hot chilli pepper or TRPV1 receptors in
the stomach,” said associate professor Amanda
Page from University of Adelaide's school of
medicine. The team also found that TRPV1
receptors can be disrupted in high fat diet-induced
obesity. It is known from previous studies that
capsaicin, found in hot chillies, reduces food
intake in humans.
Head/Reg. Office:
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E-mail: ssofs@rediffmail.com, ssofspl@hotmail.com
Tel/Fax: 02762-232777 Website : www.shreesaioil.com
Saina climbs to the top again
Kumar Sangakkara-froid
at beginning of the end
Kumar Sangakkara will miss the sport and the sport will miss him.
But both will move on.
Following her silver-medal winning feat at the World Championships, Indian
badminton ace Saina Nehwal regained her No 1 World ranking in women singles
on Thursday.
Saina, who became the first Indian to win a silver medal at the recently concluded World Championships, replaced
Spanish sensation Carolina Marin from the top spot. Marin had beaten Saina in the final at Jakarta.
The Spaniard being the defending world champion was also defending her points and totalled 80,612 points.
Meanwhile Saina, who had exited from the quarterfinal stage last year, gained 3,600 points for reaching the final to
tally 82,792 points for the top spot. The Hyderabadi had first claimed the top spot in April this year and was at the
top for five weeks though not at a stretch.
“I am very happy to be World number 1 again. I would like to thank my coach Vimal Kumar sir and my parents for
the support,” tweeted an excited Saina, who was already back to the hard stretches of training in Bengaluru on
Thursday to prepare for the back-to-back Japan Open (September 8-13) and Korea Open (September 15-20).
Meanwhile, the 25-year-old also signed a two-year exclusive management deal with Sports Management group
IOS Sports & Entertainment. “The IOS will target around
Rs 25 crore over two years depending upon her
performance in Rio Olympics and her stability to maintain
world number one ranking,” the Sports management firm
said in a statement on Thursday. Following this deal, IOS
will manage Olympic medallist Saina's endorsements,
appearances, brand profiling, patents, licensing and digital
rights, images and her visibility on social networking sites.
Neerav Tomar, MD & CEO IOS Sports & Entertainment
said the brand value of Saina is untapped and promised to
make the most of the opportunity they had received from
this deal.
“She is an international brand now and badminton is
followed across the globe. Her brand value has only risen
after winning silver medal in the World Championship and
now regaining the world number one spot,” he said.IOS
recently signed cricketer Suresh Raina. It also manages Olympic medallist boxers Mary Kom, Vijender Singh and
double Olympic medallist wrestler Sushil Kumar.
There's a poignant few minutes during every
Tamilian wedding where the father of the
bride is left to his thoughts while his daughter
leaves to change her saree for one final time.
And he sits there all by himself, staring into
the distance, not wistfully but more
anxiously, as if he's wondering how life is
going to be now that the apple of his eye has
moved on. For, upon her return is the part of
the ceremony when the knot is tied, and she's
officially married.Kumar Sangakkara had a
similarly poignant moment of his own at the
P'Sara Oval on Wednesday morning. He had
just finished with his first round in the nets,
and with the other batsmen still occupying
the other ones, he chose a shaded corner, leaned against the metal hoarding stand and he had
the same 'father-of-the-bride' look of vacuity. He remained there for 15 minutes. Sporting
farewells are unique. They're filled more with separation anxiety than out-and-out
melancholy. This is not the end of the world. It's more like the culmination of a lengthy
chapter, and the beginning of a new episode in the sportsperson's life. He will miss the sport,
and the sport will miss him. BAnd it's probable that his life and times with cricket flashed by
as Sangakkara sat waiting his turn under a hoarding that had a giant image of him with a
slogan that read, “A Gentleman beyond the game”. This was after all his final practicesession as a Sri Lankan cricketer. Never again would he don the pads and walk into the nets
with the anticipation of playing a Test the next morning. Never again would he work on that
one shot he wants to perfect so that it comes off fluently over the following five days. Never
again.ut both will move on. But never did it seem like watching the last vestiges of a great,
towering institution of this sport. Soon it was time for him to bat again. It was time to get back
to business again. Like many great batsmen before him, it takes a lot to move Sangakkara
away from the nets. He can bat, and bat, and bat for hours, against his own bowlers, net
bowlers, bowling machine, whatever. Like always, the bat came down as studiously, and
made a proper sound as it connected with the ball- No thwack, no dhob, a good old thud. But
there was something different. So conscious has Sangakkara been about his aesthetics that
you've rarely seen him not don a helmet or a cap while batting. But here he chose to bat in the
spinners' net without any headgear. It looked odd for sure. But maybe Sangakkara was
already preparing to let his hair down, quite literally in this case. He then moved to facing the
fast bowlers, and hardly a ball skipped past his bat. Most of the pacers were junior bowlers
hoping to someday do what their beloved Sanga has achieved for 15 years, bring glory to
their nation. And you could make out that this was one spell they would be telling their
proverbial grandkids about.Sangakkara was a tad late in joining his teammates at the P'Sara
Oval on Wednesday. He had been held back by pre-arranged interviews and a photo-shoot.
But as soon as he arrived, he waited no time in making the most of his time. He was soon
edging catches to Kaushal Silva stood at a virtual leg-gully. He then rushed back to the
dressing-room to get padded up. He kept getting interrupted by young and old alike
desperate to get that final photograph with him in training gear. He obliged each one of them,
greeting them with a smile and grinning widely for the camera without fail. There were
wishes and congratulations. He acknowledged them all. He was getting delayed. But he still
waited. He would soon have all the time in the world to pursue his future passions. Delaying
his net session by a little wasn't going to hurt.The first person he walked to in the nets was
coach Marvan Atapattu. Atapattu was the rock of the Sri Lankan batting line-up when
Sangakkara walked into the team at the turn of the century. He was also considered
INDIA 'A' IN SPOT OF BOTHER AFTER DE KOCK'S TON
Quinton de Kock continued his preparation for the upcoming 72-day tour of India in brilliant fashion, smashing a hundred that put South Africa 'A' in control against India 'A' on the second day of the first unofficial
Test in Wayanad, Kerala, on Wednesday. Courtesy de Kock's 102-ball-113, which was studded with 13 boundaries and three huge sixes, South Africa 'A' posted 542 in their first essay. At stumps, India 'A' were in a
spot of bother, finishing the day on 122 for three, their openers Jiwanjot Singh (22) and Abhinav Mukund (38), and No. 3 batsman Shreyas Iyer (49) out after being well-set. The home side needs another 270 runs to get
to the magic figure of 392 and avoid the follow-on. The follow-on score difference in a four-day match is 150. The South African team's decision to send de Kock to India before the senior team's visit is turning out to
be a masterstroke as the stylish left-handed wicketkeeper-batsman has made full use of the opportunities he got. He scored two centuries in the tri-series of 'A' teams and now another attacking hundred. Though Axar
Patel (4-115) was India A's most successful bowler, his bowling neither had variation nor the sting to trouble de Kock or skipper Dane Vilas, who scored 10 fours and two sixes in his knock of 75. The de Kock-Vilas
pair added 107 runs in 18.5 overs, clobbering the Indian spinners, especially off-spinner Jayant Yadav, who looked completely out of sorts at this level, giving away 177 runs in 42 overs while getting two wickets.
When the Indians batted, Jiwanjot and Mukund negotiated the first hour, adding 43 runs before off-spinner Dane Piedt got his team the first breakthrough. He bowled Jiwanjot with a turning delivery. Mukund, who hit
some attractive shots on both sides of the wicket struck a nice partnership with Iyer as they added 45 runs for the second wicket. But just when they were settling down, Mukund played Piedt down the wrong line and
was bowled. Young Munbai batsman Iyer, who looked in fine form as he struck 10 boundaries in his 49 off 61 balls, was bowled when a Wayne Parnell delivery held its line and castled him.
RNI NO. GUJENG/2015/63386
Vol.1.Issue. 10
“Not for sale outside India”
Printed, Published and Owned By Rakesh Pandey And Printed at Shivam Offset, Plot 101/1/9, G.I.D.C., Sector-28, Gandhinagar and Published at 216,2nd
Floor, Super Mall-1, Infocity, Gandhinagar, Gujarat-382008., Editor: Rakesh Pandey, | Language.English / (Weekly),
Contact No: 09324847427, 08650141117 | Email: Oficial_123@yahoo.co.in, current.financialnew12@gmail.cm | Website: currentfinancialnews.in
SALMAN KHAN TO JUDGE
'JHALAAK DIKHLAA JAA'
After breaking box-office records with his latest outing 'Bajrangi Bhaijaan', the
superstar is now all set to entertain the small screen viewers by appearing as a
judge on 'Jhalak reloaded'. Yes, tabloids are abuzz that Salman Khan is going to
replace Shahid Kapoor as a judge for this weekend's gala of 'Jhalak Reloaded'.
Shahid is busy shooting
for his upcoming film
'Shaandaar' and thus, he
will not be able to judge
the dance show, reveal
reports. Grapevine also
has that the 'Shaandaar'
hero, 'Hero' stars Sooraj
Pancholi and Athiya
Shetty will also be
appearing on the show
along with Salman. So,
Salman Khan fans can
now sit glued to their
television sets on Saturday
and Sunday at 9 pm and
watch their 'Bajrangi
Bhaijaan' judge the
contestants on the dance
reality show 'Jhalak
Manjhi's tale well told
Inspired by a true story, "Manjhi - The Mountain
Man" is a stirring tale of an unsung hero,
Dashrath Manjhi (Nawazuddin Siddiqui)...
Big B celebrates Poet's day
'under the shadow of' his father
Poetry has been an integral part of megastar
Amitabh Bachchan's life, thanks to his father and
eminent poet Harivansh Rai Bachchan.
Ben Kingsley wants to play Mughal
emperor Shah Jahan in film
Having played characters as varied as Mahatma
Gandhi and a New York Sikh cab driver, Oscarwinning actor Ben Kingsley now hopes to
portray...
Twinkle isn't the most honest
person: Karan Johar
Former actress Twinkle Khanna, who has
emerged as a popular columnist, has been
writing for quite some time now and with the
launch...
'Puli' trailer gives fans Disney
experience
The theatrical trailer of Tamil superstar Vijaystarrer "Puli", which was unveiled on Thursday,
gives fans the experience of a Disney film.
Shah Rukh Khan, Alia Bhatt in
Gauri Shinde's next film
Shah Rukh Khan and Alia Bhatt will star in
"English Vinglish" director Gauri Shinde's...
Kangana says she deserves
high remuneration
Amidst reports that she has emerged as the
highest paid actress in Bollywood, Kangana
Ranaut says it is justified to ask for...

narendra modi and amit shah discuss, two hours on obc crisis has

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