Wednesday, July 31, 2013

Spain train driver on tape during questioning: \'I won\'t make it\'

MADRID : July 31, 2013(7STARNEWS) The driver of a train that derailed and killed 79 people in Spain told a judge that he was going more than twice the speed limit and didn\'t see a dangerous curve in the tracks until it was too late, according to an audio recording of the driver\'s interrogation posted online Wednesday.

\"In the curve, by the time I saw it [I realized] I won\'t pass it,\" driver Francisco Garzon says on a recording obtained by the newspaper El Pais. \"By then everything was activated and I saw that no, no, no -- I won\'t make it.\"

Garzon, 52, was questioned by a Spanish judge Sunday and provisionally charged with 79 counts of reckless homicide. El País said the recording it posted on its website was from that weekend interrogation.

It is the first time Garzon\'s own version of events has been made public.

In the audio, he admits to entering a sharp curve at more than twice the recommended speed of 50 mph, and is asked why he didn\'t brake sooner.

\"I tell you sincerely, I don\'t know. I\'m not so crazy that I wouldn\'t apply the brakes,\" Garzon replies in Spanish. His voice trails off occasionally on the crackly recording, and the judge asks him to repeat himself.

\"It was already inevitable,\" the driver says, adding that \"it\'s difficult,\" although it is not clear whether he is referring to the interrogation or his ability to drive at high speed through a curve. \"The aftereffects of what happened are enormous and will stay with me for the rest of my life.\"

Garzon tells the judge that the train was traveling about 112 to 118 mph in a 50 mph zone. Data from the train\'s so-called \"black box\" recorders, released Tuesday, confirmed that the train reached a top speed of 119 mph and that Garzon applied the brakes only seconds before the crash. The train was still hurtling along at 95 mph when it jumped the tracks and smashed into a concrete wall.

The data recorders also revealed that Garzon was on the phone at the time of the accident, apparently working out his route with a train dispatcher.

In the audio posted Wednesday, Garzon says he had no alcohol to drink that day, only coffee.

The train derailed July 24 near the northwestern Spanish pilgrimage city of Santiago de Compostela. In addition to those killed, dozens more remain in the hospital, many in critical condition. It\'s the deadliest train accident in Spain in 40 years.

After his interrogation Sunday, Garzon had his passport and driver\'s license confiscated and was released on bail, awaiting trial.
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JNU student attacks classmate with axe, commits suicide

New Delhi, July 31, 2013 (7STARNEWS)A 22-year-old woman student of Jawaharlal Nehru University was critically injured after she was attacked with an axe by her classmate on Wednesday. The attacker later committed suicide.

Akash, 23, attacked Roshani in room no. 213 of the Korean language department around 11.30 a.m. He then slit his throat and consumed poison.

Akash was taken to Safdarjung Hospital while Roshani was admitted to All India Institute of Medical Sciences (AIIMS).

Police recovered a country-made pistol, a bottle of poison and an axe from the spot.

Both the students were from Bihar.

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JNU student attacks classmate with axe, commits suicide Read more at:

New Delhi, July 31, 2013

A 22-year-old woman student of Jawaharlal Nehru University was critically injured after she was attacked with an axe by her classmate on Wednesday. The attacker later committed suicide.

Akash, 23, attacked Roshani in room no. 213 of the Korean language department around 11.30 a.m. He then slit his throat and consumed poison.

Akash was taken to Safdarjung Hospital while Roshani was admitted to All India Institute of Medical Sciences (AIIMS).

Police recovered a country-made pistol, a bottle of poison and an axe from the spot.

Both the students were from Bihar.

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Telecom stocks rally in a weak market; Idea hits 52-week high

NEW DELHI: 31 Jul, 2013(7STARNEWS)Telecom stocks posted impressive gains in a weak market on Wednesday after Bharti AirtelBSE 7.30 % posted adjusted revenues as well as EBITDA which came better than street expectations, lifting outlook for other telecom players.

Telecom stocks rallied smartly, led by a 10 per cent rally in Reliance Communications, while Idea CellularBSE 7.85 % jumped to its fresh 52-week high of 170.75 ahead of their quarterly results due on Thursday.

Bharti Airtel was the top most gainer on the BSE benchmark index, up 7.3 per cent. The stock closed at Rs 344.90.

Reliance CommunicationsBSE 10.14 % closed 10.14 per cent higher at Rs 139.60. It hit a low of Rs 122.35 and a high of Rs 142.20 in trade today.

Idea Cellular ended 7.8 per cent higher at Rs 169. The stock rallied nearly 9 per cent to touch its fresh 52-week high of Rs 170.75 in trade today.

Idea Cellular, an Aditya Birla group company, is expected to report 31.5 per cent QoQ jump in the net profit to Rs 405 crore for the quarter ended June 30, compared to Rs 308 crore reported in the previous quarter, according to ET Now estimates.

Revenues are expected to rise by 4.9 per cent QoQ to Rs 6,359.10 crore compared to Rs 6061.40 crore reported in the year ago period.

For Reliance Communications Ltd, the net profit is expected to fall by 24 per cent QoQ for the quarter ended June 30 to Rs 229.90 crore, compared to Rs 303 crore reported in the previous quarter, according to ET Now estimates.

However, revenues are expected to rise by 3.2 per cent QoQ to Rs 5,578 crore compared to Rs 5404.90 crore reported in the year ago period.

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Amjad Ali Khan to get Rajiv Gandhi Rashtriya Sadbhavna Award

New Delhi:31 Jul 2013

The award will be conferred on Khan on August 20, the birth anniversary of Rajiv Gandhi. The award carries a citation and a cash of Rs 5 lakh.

Khan also received the top civilian awards like, Padma Shri in 1975, Padma Bhushan in 1991 and Padma Vibhushan in 2001. He was awarded the Sangeet Natak Akademi Award in 1989 and the Sangeet Natak Akademi Fellowship in 2011.

The former recipients of the Rajiv Gandhi Rashtriya Sadbhavna Award include Mother Teresa, Bismillah Khan, Mohammed Yunus, Teesta Setalvad, Swami Agnivesh, Harsh Mander, Sunil Dutt, Dilip Kumar, Maulana Wahiuddin Khan and K R Narayanan.

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‘Subbarao to move on, search for successor begins’

Mumbai:31 Jul 2013,

\"Dr Subbarao had met me a few weeks ago and said he would like to move on and he would not like to be considered for another term. I accepted. So now we are in search mode,\" Chidambaram told the newspaper in an interview. Subbarao, whose terms ends in September, has earlier this month said that he wants to move on but media speculation continued that he would be offered an extension as some believe the government would prefer to make no changes until the national elections in May. India is going through difficult economic times, battling a weakening currency, a record-high current account deficit, lowest growth in a decade and still elevated retail inflation

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Bharti Airtel Q1 Net profit down 9.6 percent at Rs 688.9 crore

New Delhi:31 Jul 2013

This is a 14th consecutive fall in quarterly profits of the company. Total income of the company, however, was up 9.3 percent at Rs 20,299.5 crore for the reported quarter as against Rs 18,570.3 crore in the same period last fiscal.

\"Our results for the quarter reflect the overall stability of our operations, and demonstrate the potential for growth, particularly seeing robust data growth across all geographies,\" company\'s Chairman Sunil Bharti Mittal said in a statement.

The company\'s mobile revenues in the country grew on the back of jump in ARPU (average revenue per user) to Rs 200 in Q1 of 2014, up by Rs 16 over corresponding period last year.

\"Results for Airtel India reflect rationality returning to the sector which needs to be complemented by a more enabling regulatory environment for a deeper penetration of telecom and broadband services,\" Mittal added.

Derivative and exchange fluctuation losses during the quarter stood at Rs 534 crore, mainly caused by rupee depreciation, compared to gains of Rs 160 crore in the same period last year.

The net debt of the company has been reduced to Rs 58,380.6 crore as on June 30, 2013 on account of additional equity infusion of Rs 6,796 crore by Qatar Foundation Endowment. Shares of the company were trading up 0.86 percent at Rs 324.20 apiece at 0955 hrs on the BSE.

The data customer base of the company grew 20 percent to reach 46,584, of which 6,796 are 3G customers. Data users comprise 24.4 percent of the total customer base of the company, the statement said.

Airtel said data now contributes 7.4 percent of the mobile revenues. India EBITDA margin improved from 31.9 percent last year to 34.9 percent, while International margins improved from 24 percent to 25.4 percent, it added.

The company also said its board has approved the sale or transfer of its data centre undertaking (Business) by way of slump sale to its newly incorporated wholly-owned subsidiary Nxtra Data Limited.]

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Tuesday, July 30, 2013



A one- day workshop on "Whitefly as a Vector of Begomoviruses: An Emerging Threat to Vegetable Crops and Cotton," was jointly organized by the Department of Vegetable Science, and the Department of Plant Breeding and Genetics (PBG) of the Punjab Agricultural University. Farm experts from USA, and various departments of the University participated in the workshop.

In his presidential remarks, the Director of Research of PAU, Dr S. S. Gosal highlighted the research achievements of the PAU. Observing that climate change, depleting water resources, and farm sustainability are the major concerns, he said that the PAU is open to collaboration that is aimed at sustainable and enhanced crop production.

Dr J. K. Brown, a farm expert from USA, stated that the Indian cropping pattern can contribute to the emergence of new virus strains as their study suggested seven isolates of cotton leaf curl virus in Asia compared to single one existing in the USA. Dr Brown also dwelt upon the high end bioinformatics and biotechnological tools that can be employed for studying the diversity in the viruses and its vector.

Another agriculture expert from USA, Dr Kater Hake presented his exhaustive talk on the cotton and possibilities of collaboration. He emphasized on the production of Gossypol free cotton seed through RNAi for making it suitable for cattle and poultry feed.

Dr Brown and Dr Hake evinced keen interest in entering into joint venture with PAU in the field of geminiviruses and its vector studies.

Earlier, welcoming the dignitaries, delegates and the participants, Dr R K Gumber, Head, PBG, highlighted the achievements of the PAU in cotton research and shared the current research priorities.

Dr M.S. Dhaliwal, Head, Vegetable Science, told about the salient achievements in vegetable resistance breeding, especially, with respect to the whitefly transmitted viruses. The presentations were followed by keen discussion amongst the participants.

Dr D.S. Brar, Adjunct Professor at PAU School of Agricultural Biotechnology, motivated the scientists to formulate strategies for managing both vector and viruses. He proposed the vote of thanks.
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A five-member delegation from Syngenta visited the Punjab Agricultural University (PAU) today and presented a brief summary of the "Rice GroMore Pilot Project- North CU," underway as a part of the memorandum of understanding inked between PAU and Syngenta in 2011. Besides, the delegation's visit aimed at deliberating on the scope of expanding the collaboration in other crops. The visiting members, led by Ms Tina Lawton, Head of Rice, Syngenta Asia Pacific Pte. Ltd., Singapore, held an interactive meeting with the PAU Vice-Chancellor, Dr Baldev Singh Dhillon and senior officials, heads and faculty of various departments of the University. The Syngenta delegation comprised members namely Mr Kuldeep Kaul, Head, South-Asia Rice; Mr Shyam Gera, Head, North CEO; Mr Pawandeep Singh, Crop Marketing Manager, Rice; and Mr M.S. Malhi, Project Manager.

In his remarks, Dr Dhillon expressed happiness over the progress of the on-going project and emphasized on the timely application of agro-chemicals in rice. Besides, he stressed on making the farmers aware about the soil testing recommendations, made by the University. Dr Dhillon suggested that the results of this pilot project, should be published in Progressive Farming (English edition) and Changi Kheti (Punjabi edition), the two monthly farm magazines of thePAU.

Dr S.S. Gosal, Director of Research, PAU, lauded the good work done in various parts of the Punjab state under the project, and said that there has been significant increase in rice yield. Dr Gosal stated, "For motivating farmers to adopt crop diversification, the PAU would like to promote maize, cotton, pulses and other crops in partnership with Syngenta."

Ms Tina Lawton appreciated the last two years' joint journey between Syngenta and PAU, and said that the major objective of their visit to the Punjab, in general, and this University, in particular, is to see what problems are being confronted by the farmers in rice cultivation. The purpose is to make simple and practical recommendations as a solution to the farmers' problems, she remarked, while emphasizing on studying mechanical transplanting of rice in the state.

Mr Pawandeep Singh, presented the glimpses of PAU-Syngenta project activities, and highlighted the feedback of the growers. He said that "GroMore" project is a dream harvest for the farmers.

Mr M.S. Malhi said that the major focus is on timely application and safe use of pesticides. The PAU recommendations for weed management have proved to be very effective, he added.

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According to the Department of Entomology of Punjab Agricultural University (PAU), the attack of whitefly on cotton has been observed in Abohar area. Dr. Balwinder Singh, Head, Entomology, PAU, has advised the farmers to visit their cotton fields twice a week before 10 a.m. and record the populations of whitefly from three fully opened leaves from top canopy. If the population of whitefly reached six whiteflies per leaf (ETL), the crop should be sprayed with 600 ml Sutathion 40 EC (Triazophos) or 800 ml Fosmite/E-mite/Volthion 50 EC (Ethion) by using 125-150 litres of water per acre, he suggested. For further queries, the entomology experts can be contacted at phone no. 0161-2401960/Ext. (320).
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NSS Cell of GADVASU celebrates Van Masotsava Week by plantation drive and Competitive Events

Ludhiana-26-July, 2013

NSS Cell of Guru Angad Dev Veterinary and Animal Sciences University celebrated Van Mahotsav Week by conducting plantation drive in different college campuses/hostel campuses of GADVASU and Govt Model Sr. Sec. School PAU campus during forenoon and ten competitive events such as creative writing, menhdi applying, poster making, painting, cartooning, rangoli designing, poetry reading, on spot oral speech, singing, dance solo competition in afternoon session under the supervision of Dr Syed Shabih Hassan, NSS Programme Coordinator, GADVASU, Ludhiana. He said that a total 150 NSS volunteers/students belonging from three colleges viz. College of Fisheries (COF), College of Dairy Science and Technology (CODST), GADVASU and Khalsa College of Veterinary and Animal Sciences (KCVAS), Amritsar participated in the plantation drive and competitive events. NSS volunteers planted more than 650 saplings of different species of shrubs, flowering, shaded and fruiting trees in different areas/locations in college campuses/school campus in Ludhiana. NSS volunteers got training in sapling plantation, soil digging, irrigating the plant, trimming for plants safety and how to remove unwanted weeds and arrange all accessory materials for successful sapling tree plantation. Many boys and girls of College of Veterinary Science and others were present to boost the morale of their near and dear ones during Sham-e-Ghazal programme of poetry recitation, singing and dancing competition. Dr Harbilas Heera, Dr N.K.Sood, Dr M. S. Alam, Dr S.P. Singh and Dr Tanbir were invited as judges for various competitive events during different time period.

The results were ;

1. Creative writing – Topic- Water resources and climate change, Amritdeep Kaur, CODST- I, Ashishpal Singh, CODST – II

2. Menhdi applying – Parveen Kumari, COF- I, Kusum Lata, CODST - II

3. Rangoli designing – Manpreet Kaur Chahal, COF-I, Sarika, CODST – II

4. Painting – Topic-Energy saved is future save , Ashishpal Singh, CODST-I, Navjot Singh, CODST-II

5. Poster making- Topic-Forest as regulator of present climate, Gunwant Kaur,COF-I,Navjot Singh, CODST-II

6. Cartooning-Topic-Teenage Smoking-, Rashpal Singh, KCVAS, Amritsar-I, Gunwant

Kaur, COF-II

7. On spot oral speech - Ashishpal Singh, CODST-I, Jugraj Singh, KCVAS, Amritsar –II

8. Poetry recitation – Navjot Singh, CODST-I, Chashandeep Singh, CODST – II

9. Singing -, Naripjeet Kaur, KCVAS, Amritsar –I, Mamta Sharma, COF-II, Jobanjeet Singh,

KCVAS, Amritsar –Consolation

10. Dance solo - Harmanjeet Singh, CODST- I,

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Ex MP Tarlochan Singh lauds Baba Sewa Singh’s efforts during his visit to Khadur Sahib

Khadur Sahib-30/07/2013

Former Member of Parliament and former Chairman of National commission for minorities, Tarlochan Singh, today, visited historical and sacred town Khadur Sahib and lauded various efforts being made here by Padma Sri Baba Sewa Singh in the field of religion, education, environment conservation, sports and social work etc.

During this visit, he met Baba Sewa Singh and also, visited Nishan-E-Sikhi tower at which various institutes in the field of religion, defence, medical and engineering are run under Nishan-E-Sikhi Charitable Trust (Regd.). He interacted with students of these institutes and encouraged them to go ahead in their respective fields.

Appreciating the projects run under Kaar Sewa, he said, "Contribution of Baba Sewa Singh in service of humanity is unprecedented"

"Sikh youth especially rural Sikh youth, in these days, is walking on wrong path and none is giving proper guidance to them. Baba Sewa Singh is providing proper guidance and job oriented education facilities to them which are quite appreciable", he added.

He was honored at local Sri Darbar Sahib (Angitha Sahib) by its Manager Parmjit Singh.

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Sanjay Dutt\'s friends talk about missing the star on his birthday

Tuesday, Jul 30, 2013(7STARNEWS)Milan Luthria :I was the first person Sanju signed when he started his production house. My commitment to Sanjay Dutt is not about signing a document but a life-long commitment of friendship. I first met him on sets of Gumraah where I was an assistant director. We hit it off from day one. More than anything I miss his phone calls. On his birthday morning I felt gloomy. But then I reminded myself of his spirit. I wish I could've met him for a second but... Before he left I met him at his home and told him that he is India's Al Pacino, Sean Connery and Robert De Niro. And I promised to help him hit the purple patch of his career once more..

Bunty Walia

Sanjay's birthday is entrenched in my heart. It's the time for bonding between friends and family, accompanied by lots of laughter, good food and music. That's how we celebrate his birthdays. Yesterday was a dampener. It feels strange this year that he wasn't there. I have been sending letters to Sanjay through bhabhi (Manaayata). I have told him to 'be strong.' I wished him great health and strength. Sanjay is like my elder brother. Before he went inside we hardly spoke but gave each other a hug that said it all. Men aren't supposed to cry. On Sunday, Apoorva and I went with a group of 16-year old Sanawarians to meet Mr Amitabh Bachchan. We all were there but the person who was missed the most was Sanjay Dutt.

Apoorva Lakhia

We are both Sanawarians. We first met in 1976 when I went to Sanawar when I was 6 years old and Sanju sir was in the 12th standard. He was the senior prefect of our house and he came to our dormitory to give the new kids a pep talk. Sanju sir has always been very kind and supportive. He did a song for Ek Ajnabi for free. On his birthday every year we go to his house and chill. I miss him more as my film Zanjeer is on release. Befere he left he told me, 'Write a few scripts because I will come back with a bang!' A day before he went in, he shot the last sequence of Zanjeer. All the crew members were crying He told us, 'I have faced many things in life but thank God, it's finally getting over.' He remembers the name of the entire crew. Sanju sir is a rockstar!
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Gold price snaps 3-day gaining streak, down Rs 30

New Delhi: July 30, 2013(7STARNEWS)Gold prices slipped by Rs 30 to Rs 28,445 per 10 grams in the national capital on Tuesday. Traders said stockists selling at prevailing higher levels against restricted buying mainly led to decline in gold prices.

Weak global trend speculation that the central bank may begin to taper its unprecedented stimulus programme in the coming months, also influenced the gold, they said.

Gold in Singapore, which normally sets the price trend on the domestic front, fell 0.7 per cent to $1,318.26 an ounce.

On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 30 each to Rs 28,445 and Rs 28,245 per 10 grams, respectively after gaining Rs 655 in last three days.

Sovereigns, however, remained stable at Rs 24,400 per piece of eight grams in restricted buying activity.

On the other hand, silver ready recovered by Rs 345 to Rs 41,345 per kg and weekly-based delivery by Rs 320 to Rs 41,120 per kg, respectively. The white metal had lost Rs 350 in the previous two session.

Silver coins maintained steady trend at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.

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State Bank of India head Pratip Chaudhuri says NRI bonds will not work in current situation

MUMBAI:30 Jul, 2013(7STARNEWS) Bonds for non-resident Indians (NRI) will not work in current market conditions, State Bank of India chief Pratip Chaudhuri said on Tuesday.

Most countries are now issuing sovereign bonds, the head of the country\'s largest lender said while speaking to reporters at a post-policy conference.

Earlier in the day, the central bank left interest rates unchanged as it supports a battered rupee but said it would roll back recent liquidity tightening measures when stability returns to the currency market, enabling it to resume supporting growth.
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NSA faces more criticism while Manning awaits verdict

WASHINGTON, July 29, 2013(7STARNEWS)Covert mass automated surveillance of Internet and telephone communications by the U.S. National Security Agency (NSA) continued to come under fire from Capitol Hill this week even as whistleblower Bradley Manning, the army intelligence officer allegedly behind Wikileaks' publication of hundreds of thousands of confidential government documents, awaited a military judge's verdict in the ongoing case against him.

In Washington, Democratic Senator Ron Wyden described as "anachronistic" the Foreign Intelligence Surveillance Act (FISA) Court, the shadowy judicial panel charged with authorising the NSA to collect data on users of services provided by major Internet companies such as Apple, Google, Microsoft and Facebook.

The NSA's surveillance has come under closer scrutiny after Edward Snowden, a former CIA and NSA contractor, passed on information to The Guardian and The Washington Post newspapers last month regarding details of a spying programme called PRISM, among others.

Last week, pressure began to mount in the U.S. Congress to review the working of the FISA Court after the House of Representatives came unprecedentedly close to passing a bill aimed at defunding the spy agency's ongoing efforts to secretly scoop up "meta-data", or call information, of millions of unsuspecting customers of telecom giant Verizon.

In addition to Mr. Wyden's sharp criticism of the FISA Court, another Democratic Senator, Mark Udall said over the weekend that the phone-record monitoring programme of the NSA was "close to being unconstitutional", and that he would much rather have that data held by the phone companies. Mr. Udall said, "If we need to get access to it, the FISA court can issue a warrant. That's how the police operate. That\'s how the FBI operates."

Even as the beltway continued to face rising temperatures over NSA's surveillance, some 45 minutes out of Washington, Mr. Manning was on the brink of receiving a verdict from military judge Denise Lind on U.S. government allegations that include "Aiding the Enemy", typically a capital offence.

Though prosecutors have agreed to drop pursuit of the death penalty in Mr. Manning's case, he potentially has pleaded guilty to 10 of 22 charges which already brings his sentence, if he is found guilty, to 20 years imprisonment.

If convicted of other charges relating to aiding the enemy, espionage, stealing government property, and "wanton publication", Mr. Manning (25) could potentially get life plus 149 years in a military prison.

The past week has witnessed media representatives on the site, including noted journalist Alexa O' Brien and Bradley Manning Support Network writer Nathan Fuller, protest against aggressive security measures by armed military police at Fort Meade military base.
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RBI to focus on supporting Rupee: Bankers

MUMBAI, July 28, 2013(7STARNEWS)A rate cut to prop up sagging growth is unlikely when the Reserve Bank unveils the first quarter monetary policy review on July 30 as focus will be more on supporting the battered rupee, said bankers and economists.

July 30 will be a non-event as RBI Governor D. Subbarao will leave the repo rate, or the rate at which Reserve Bank lends to banks, unchanged at 7.25 per cent, while the cash reserve ratio will also be retained at 4 per cent, they said.

They, however, added the central bank is likely to give some more clarity on its tightening to stem the fall of rupee.

"I think the status quo will be maintained by the RBI in its policy stance," said V.R. Iyer, Chairperson of Bank of India.

Dena Bank Chairman and Managing Director Ashwani Kumar said he doesn't expect RBI to increase rates.

Chief economist at Care Ratings Madan Sabnavis said considering the tightening the RBI has taken in the past two weeks to contain volatility in the forex market, it is unlikely that the Governor will take any measures that will upset the gains achieved on the forex front, even though inflation has come down to comfortable level.

The wholesale-priced based inflation was 4.86 per cent in June, within the Reserve Bank's comfort zone.

Industry has been demanding a cut in lending rates by RBI in view of slowdown in economy. Prevailing high interest rates has particularly hit the manufacturing, with Index of Industrial Production (IIP) contracting by 1.6 per cent in May, the lowest factory output in 11 months.

Pulled down by poor performance of farm, manufacturing and mining sectors, economic growth slowed to 4.8 per cent in the January-March quarter and fell to a decade's low of 5 per cent for the entire FY 2013.

So far this year, the RBI has reduced the repo rate three times to support flagging economy.

However, with rupee kept plummeting new lows the chances of central bank reducing rates further are dim, economists said.

The Reserve Bank of India (RBI) had announced various steps to save the battered rupee which touched a life-time low of Rs 61.21 to the dollar on July 8 on concerns over widening current account deficit and early withdrawal of easy money by the U.S. Federal Reserve.

As a liquidity tightening measure, it had limited access to borrowed funds by reducing the liquidity adjustment facility for each bank from to 0.5 per cent of net demand and time liabilities from 1 per cent.

The central bank also asked banks to maintain a higher average cash reserve ratio of 99 per cent of the requirement daily as against 70 per cent earlier.

The RBI had also increased short-term funding rates and announced sale of bonds through open market operations.

The steps announced by the central bank have helped contain rupee volatility to some extent and it strengthened to 58.69 before closing at a new one-month high of 59.04 on Friday last.
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Hosiery Inc\'s fate hangs by thread

LUDHIANA:Jul 30, 2013(7STARNEWS) The strike of yarn dealers in the city over e-trip policy of the government has broken the backbone of the hosiery industry, which is reeling under heavy production losses ever since the protest began.

The industry representatives felt that if the strike of the yarn dealers continues, the hosiery industry would be on a verge of a collapse in the absence of yarn supply. \"Different associations of yarn dealers in the city are on a strike against the notification of the e-trip policy of the government. Supply of yarn has taken a hit. Except some few big industrial units in the city, most of the hosiery units are barely managing,\" said Vishal Bhutani of Pratham Yarns.

Rajiv Jain, who is the president of the Fancy Yarn Dealers Association, said, \"We have been forced to go on a strike as the government has decided to implement a faulty policy. We started the strike on July 23. Now we will meet deputy chief minister Sukhbir Badal on Tuesday and we will decide the next course of action along with the other industry representatives after the meeting.\"

Talking about the losses to the hosiery industry, Vinod Thapar, chairman of Ludhiana Knitwear Club, said the strike of the yarn dealers in the city has badly hit the hosiery industry, which is also against the e-trip policy of the government.
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Ryan International School, Dugri not affiliated to CBSE

LUDHIANA: Jul 30, 2013(7STARNEWS)Constant pressure of parents on the district administration to tame Ryan International School, Dugri, which has drawn a storm of protests, has cleared the picture on school\'s non-affiliation with Central Board of Secondary Education (CBSE).

A committee, constituted two months back by Deputy Commissioner Rahul Tiwari to look into the controversy over high fee structure and schoola??s affiliation, has found that school has no affiliation with any board.

According to rules, no school after primary level could run without affiliation with state or central boards.

Gurjot Singh, deputy district education officer and the head of the committee set by the DC, said, \"Contrary to school management\'s claims, we have found that school is not affiliated with CBSE.\"

But parents of schoolchildren felt that they have been kept in dark even after two months of formation of panel. As a result, parents again took out a protest over the issue at the deputy commissioner\'s office on Monday.

Two months back, parents along with an NGO had approached the DC complaining about high fee structure and over the affiliation issue. At that time, the DC ensured them to take appropriate action and formed a committee to probe into the matter.

But even the after report of the committee has caught the school on the wrong foot, no action has been taken against the school in these months. \"The administration has not taken our problems seriously. The school is charging Rs 5,000 to Rs 6,000 per child per month,\" said a parent.

\"Today, we went to DC office. We met ADC Neeru Katyal in the absence of DC. She told us to meet officials at the education department. We simple want the report of the committee,a?? said Kuljinder Kaur, a parent from Dugri phase-II.

Importantly, few months back, the district education office has prepared a list of all private, aided and unaided school, which were not following norms under the Right to Education Act such as whether schools have proper rooms, playground etc. Even during the initial protests, parents have told the administration the school is too small to have a playground. Deputy DEO Gurjot Singh said, \"I don\'t know whether Ryan International School was included in that list or not.\"

Ritu Seyal, principal of Ryan International School, said, \"We have applied for no objection certificate (NOC) from the state government. Once we get the NOC, we would apply to CBSE for affiliation.\"

She tried to put a brave front saying, \"The school has more than one acre of land. Besides, we also have indoor playground for badminton, skating and tennis. We have air-conditioned classrooms which is why the fee structure of our school is higher than other schools.\"

Deputy DEO Gurjot Singh said, \"I have no idea about the facilities and land. Parents claim the school doesn\'t have any playground, but management claims that they having a playground. I will visit the school and find out everything.\"

Deputy commissioner Rahul Tiwari said, \"Though we formed a committee two months back, I was not directly involved in it. All I know is the committee headed by the district education officer has forwarded a report to the education department.\"

On a question over school\'s affiliation and flouting of RTE norms, he said, \"We will verify if the school is actually flouting the norms and take appropriate actions against the school authorities.\"
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PAU pensioners’ tussle: New body formed with Bansal as president

More than three months after factionalism came out in the open in PAU Pensioners\' Welfare Association, the last meeting of which ended on a dead note in April, D P Maur and Jila Ram Bansal group on Tuesday formed the new association and Bansal was elected president unanimously.

The new association, PAU Retirees\' Welfare Association, with 450 members stands opposite the already existing PAU Pensioners\' Welfare Association with more than 1,500 members led by Sukhdev Singh.

Talking to Ludhiana Newsline, after his election, Bansal said, \"The previous body has done nothing in the past five years except fighting and confronting. All prominent people have joined us and we have managed 450 members in just two months.\"

Talking about the new initiatives that he as president would be taking, he said, \"We have already got \'suwidha\' window approved from vice-chancellor and ultrasound machine will be installed very soon for pensioners. Suwidha window will open on the ground floor of Thapar Hall.\"

Bansal added that they had got passed the pensioners\' scheme papers in two months for members aged 65, 70, 75 and 80.

\"Allotment of funds to the tune of around Rs 63 crore from state government is under process and we are also going to demand formation of pensioners\' bhawan on PAU campus from the vice-chancellor. Medical camps for retirees will be held frequently,\" said Bansal.

However, Sukhdev Singh, president of PAU Pensioners\' Welfare Association, termed the new body completely unconstitutional. \"People with no agenda have got separated from us but it hardly makes a difference to our strong body of more than 1,500 members. We have expelled people like D P Maur and J R Bansal who neither have any financial backing or a plan for welfare of pensioners. They have been completely rejected by the pensioners,\" Sukhdev Singh told Ludhiana Newsline.
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Batla House encounter: Court to pronounce Shahzad Ahmad\'s sentence today

New Delhi: 30 Jul 2013,

The Delhi Police on Monday sought death penalty for the lone suspected Indian Mujahideen (IM) operative Shahzad Ahmed convicted in the 2008 Batla House encounter for killing police officer M C Sharma and injuring two other cops.

Additional Sessions Judge (ASJ) Rajender Kumar Shastri, after hearing arguments of the prosecution and the defence, however, reserved his verdict for Tuesday on the quantum of sentence to be awarded to Shahzad.

During the arguments on the point of sentence, Special Public Prosecutor Satwinder Kaur sought death penalty for Shahzad saying there are no mitigating circumstances in this case and the convict is involved in several heinous crimes.

\"One senior police officer (Inspector M C Sharma) was killed and two other officers (head constables Balwant Singh and Rajbir Singh) were injured while performing their duty,\" she said.

Citing Supreme Court verdicts in Devenderpal Singh Bhullar and Ajmal Kasab cases, the prosecutor said just like those cases, this case has also shocked the collective conscience of society.

She added there is no scope for Shahzad\'s reformation and rehabilitation and seeing the nature of crimes he is involved in, he will continue to be a \"threat to society\".

Outside the court complex also, over 50 residents of Paharganj area, where one of the blasts had taken place on September 13, 2008, had gathered and demanded death penalty for Shahzad. Some of them had lost family members or friends in the attack, while others had helped with the rescue efforts to get the injured to hospitals.

Advocate Satish Tamta, appearing for Shahzad sought leniency for his client saying the present case does not fall under the rarest of rare category. Tamta said the crime was committed on the spur of the moment without any premeditation.
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N Kiran Kumar Reddy denies resignation reports

Hyderabad:30 Jul 2013,

The Chief Minister\'s Office has termed the resignation reports in a section of the media as \'incorrect and baseless\'. Kiran Kumar on Tuesday morning left for New Delhi on summons by the party leadership ahead of the meetings of the United Progressive Alliance (UPA) Coordination Committee and the Congress Working Committee.

However, it is believed that the Chief Minister has already conveyed to the leadership that he can\'t preside over the state\'s division. If he quits, the party may either name his successor or bring the state under President\'s rule to facilitate formation of Telangana.

The Congress core group, in its meeting last week, had rejected his objections to carve out Telangana state. Hailing from Rayalaseema region, Kiran Reddy is opposed to state\'s division and had pleaded the leadership to at least delay a decision.

After the core group meeting, the Chief Minister had called on party president Sonia Gandhi but had returned disappointed to Hyderabad the same day. The ministers from Seemandhra (Rayalaseema and Andhra regions) who called on him during last three days, said he was very upset over the turn of events. One minister TG Venkatesh said Kiran Reddy may quit if a decision was taken to accord statehood to Telangana.

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Telangana: CWC meeting to secure nod of ruling alliance today

New Delhi: 30 Jul 2013,

Veering towards conceding the demand for a separate Telangana state, the Congress has convened a meeting of its working committee, the party\'s highest policy making body, on Tuesday after deliberations on the issue in the UPA Coordination Committee.

Highly placed Congress sources said the coordination committee will meet at 4pm followed by the meeting of the CWC at 05:30pm.

The high-level meetings are being called on the eve of the conclusion of the Panchayat polls in Andhra Pradesh. These meetings come a time when the Congress high command is said to be inclined towards bifurcating Andhra Pradesh notwithstanding the opposition from within the party and its state leadership.

While the UPA meeting is an attempt to secure a stamp of approval of the constituents of the ruling alliance, the Congress Working Committee meeting is to take a final call after it gets the sense about the stand of the allies on the issue.

UPA Coordination Committee to meet on 31st July

A meeting of UPA Coordination Committee has been called on July 31 to take a view on the vexed Telangana issue amid indications from the party that creation of a separate state is now a \'fait accompli\' despite the complications attached to it.

Senior party leaders from the state said that creation of a separate state appears to be a fait accompli but the party will address complications attached with it.

With the Congress leadership appearing to have veered towards creation of Telangana, party MPs from rest of Andhra Pradesh have opposed any division of the state while a parliamentarian from Telangana region had said that the government should go ahead with the decision.

The six anti-Telangana MPs, including Union Ministers MM Pallam Raju, KS Rao, Chiranjeevi and D Purandeshwari (all hailing from coastal Andhra) and K Bapiraju and Anantarami Reddy had met Prime Minister Manmohan Singh in a delegation to push for keeping Andhra Pradesh united.

The MPs told Prime Minister that there would be repercussions not only for the state but also for the entire country if Andhra Pradesh is divided. Rao said after the meeting that any decision to split the state would create problems. It was neither in the interest of the people nor the various regions of Andhra Pradesh, he said.

According to Bapiraju, the delegation told the Prime Minister that formation of Telangana will create problems in many states including Maharashtra, Uttar Pradesh and Madhya Pradesh where there are demands for separate statehood.
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Rahul Gandhi asks Gujarat leaders to build pressure on Modi government

New Delhi: 30 Jul 2013,

\"You raise issues, which will build pressure on the government. Issues like why the Assembly session in Gujarat was called only for one day. Raise issues of public welfare,\" he is learnt to have told the leaders in the meeting.

Rahul also asked them to propagate the success of public welfare programmes done by the Centre. He discussed with the leaders the agitational programmes by the party to be launched in the next three months at the district and block level.

Sources said that the strategy is to target the BJP government there on \'flaws in policy\' more than the personality. Gurudas Kamath, who was made the in-charge of the state, briefed Rahul about his visits to the state.

When contacted, Modhwadia said that the meeting is held every three months to work out plans to strengthen the organization. Vaghela said that the focus is to strengthen the party. Rahul also held a meeting with AICC general secretary in-charge of Tamil Nadu Mukul Wasnik, state PCC chief BS Gnanadesikan and CLP leader K Gopinath during which, the leaders talked at length about how to strengthen the party in the state.

Congress was in alliance with DMK, which walked out of the UPA in March. Recently, Congress lent support to DMK chief M Karunanidhi\'s daughter Kanimozhi in Rajya Sabha polls. Gnanadesikan said the meeting only discussed organizational matters.
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Oil prices down in Asian trade

Singapore: 30 Jul 2013

Analysts said investors were taking a breather from a recent rally while waiting for a meeting on Monday of the US central bank\'s policy-setting Federal Open Market Committee (FOMC).

Focus will be on a clear timeline for the Fed to reel in its USD 85 billion-a-month stimulus programme, with some analysts saying it could come as early as September. \"At the July 30-31 FOMC meeting, we expect an ambiguous signal from the Fed about the exact timing of tapering, causing markets to rethink whether September really is a done deal,\" analysts at Bank of America Merrill Lynch said in a note.

\"The majority of voters (in the committee) are likely still looking to move before year-end,\" they said. \"However, given the weak GDP and inflation data, there probably is not a strong consensus about exactly when to pull the trigger.\"

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Policy Review: RBI keeps key rates unchanged to support currency

Mumbai:30 Jul 2013,

The RBI left interest rates unchanged on Tuesday as it supports a battered rupee but said it will roll back recent liquidity tightening measures when stability returns to the currency market, enabling it to resume supporting growth. As expected, the Reserve Bank of India left its policy repo rate at 7.25 percent but took a dovish tone as it cut its growth forecast for Asia\'s third-largest economy to 5.5 percent for the fiscal year, from 5.7 percent previously. It held the cash reserve ratio at 4 percent. The RBI said recent liquidity tightening steps \"will be rolled back in a calibrated manner as stability is restored to the foreign exchange market, enabling monetary policy to revert to supporting growth with continuing vigil on inflation.\" Fixed-income investors were pleased by the RBI\'s guidance, sending bond yields and swap rates lower. The benchmark 10-year bond yield dropped as much as 13 basis points to 8.03 percent. The rupee extended its falls to 59.7250 per dollar from 59.55 before the decision, and stocks were flat. \"The policy statement is slightly more dovish than what we had expected,\" said Sujan Hajra, chief economist at Anand Rathi in Mumbai. \"We expect that within two months, the cash tightening steps will be faded out, and monetary easing will resume. We are expecting another 50 basis points cut in the repo rate in 2013.\" The last policy statement of RBI Governor Duvvuri Subbarao\'s five-year tenure, unless it is extended, continued to call on the government to take urgent steps to bring down the current account deficit, which hit a record 4.8 percent of GDP in the last fiscal year. The current account gap makes India especially vulnerable as global investors move away from emerging markets in anticipation of a winding down of loose US monetary policy. Turkey, Brazil and Indonesia have all raised rates to counter capital outflows. Indian policymakers will be hoping the US Federal Reserve doesn\'t spark a fresh surge in flows away from emerging markets when it holds its policy review this week. \"It should be emphasized that the time available now should be used with alacrity to institute structural measures to bring the CAD down to sustainable levels,\" Subbarao said. However, New Delhi has struggled to implement steps to attract foreign corporate investment, and with elections due by May, Prime Minister Manmohan Singh\'s weak coalition government has limited room for pushing through further reforms. The rupee fell to a record low 61.21 to the dollar on July 8, when it was down about 10 percent since the start of 2013. While India has succeeded in stabilizing the rupee, which ended on Monday at 59.42, the surge in short-term interest rates has squeezed funding for corporate borrowers and prompted many economists to cut their growth forecasts. \"India is currently caught in a classic \'impossible trinity\' trilemma whereby we are having to forfeit some monetary policy discretion to address external sector concerns,\" Subbarao said. India grew at 5 percent in the fiscal year that ended in March, its weakest in a decade, which had prompted the RBI to cut rates by 125 basis points since last year, although it paused in June amid worries of high consumer price inflation. It said it aims to keep headline wholesale price index inflation at around 5 percent by the end of the fiscal year in March and 3 percent over the medium term. Annual wholesale inflation rose slightly to about 4.9 percent in June.
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Akshay Kumar, Twinkle to be prosecuted in obscenity case: HC to cops

Mumbai:30 Jul 2013

Justice Abhay Thipsay quashed the complaint against Abigail Rosa, secretary of the event management firm, after observing that she was not the one who scripted the alleged obscene act.

The court, however, remarked that the police should prosecute the actors and the director of the fashion show. Akshay Kumar had sparked a controversy during the fashion week in March 2009 when his wife Twinkle unbuttoned his jeans on the ramp to promote a popular denim brand.

A complaint was filed by a social worker with the Vakola Police Station on March 30, 2009. Abigail had sought discharge from the case claiming that she has been falsely dragged into it. According to Abigail, she was not connected with the show except for applying for a no objection certificate for the event from the police station and was discharging a purely secretarial function.

The FIR had named her as the organizer. Assistant Public Prosecutor Rajshree Gadhvi argued since Abigail had procured the NOC and had agreed to conditions laid down by the police, it was her duty to see to it that it was complied.

Abigail was arrested and released on bail on August 25, 2009, for inciting and abetting the actor\'s crime of obscenity.

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AR Rahman all set for India road tour this October

Mumbai:30 Jul 2013

Rahman is very excited about the concert. \"It will be an experience of music, great production, joy and fun,\" he said at a press conference on Rahmanishq on Monday.

Talking about the cities selected for the tour, Rahman said, \"I always wanted to go to cities you usually don\'t think of. You generally think of Delhi, Mumbai...the idea was to meet fans in these cities\".

On the event coming after 20 years, he said that this is the right time to have it now. \"Everything has a right time. It is so good that this is happening now. Three years back I didn\'t even know my future,\" he said.

Rahman will also be joined by other singers like Javed Ali, Neeti Mohan, Shweta Pandit and Harshdeep Kaur among others during the tour. The singers also joined the press conference through video conferencing of press meets held simultaneously in Ahmedabad and Kolkata.

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Monday, July 29, 2013

Needs of small and marginal farmers should be addressed in new research – S. Ranike

Ludhiana-29-July, 2013

Research on livestock professions should be focused on requirements and constraint of the state. The views were expressed by S. Gulzar Singh Ranike, Cabinet Minister for, Animal Husbandry, Dairy Development and Fisheries in the inaugural address of a one day workshop for animal husbandry officers of the state organised by Guru Angad Dev Veterinary & Animal Sciences University. S. Ranike was Chief Guest on this occasion. He said that in our new research policies small and marginal farmers should not be ignored as they are 70% of the farmers community. Both the animal husbandry department and GADVASU should come forward for joint research. The new pass outs of veterinary sciences should be equipped with modern and scientific knowhow of the profession. He said that extension programme should be spreaded to every nook and corner of the state to provide awareness of all new facilities and techniques. For this purpose camps and livestock melas are good options. New models to rear pigs and goats should be developed for more profitability. He said that joint efforts are required for research, marketing, quality control and diversification towards livestock professions. Sh. Des Raj Dhugga, chief parliamentary secretary was guest of honour on this occasion. He said that optimum use of resources is need of the hour. We have good resources but we are not utilizing them in a balanced manner. Grass root needs should be recognized for further strengthing of these professions as the majority of the livestock farmers are still ignorant about scientific recommendations

Dr. V.K.Taneja, Vice-Chancellor GADVASU said that development of livestock professions in a scientific manner also brought new problems in the area of diseases, treatment, housing, production and research. He said that value addition is the tested mantra for more profitability. Dr. Taneja emphasized that quality control of meat and other livestock products should be in the supervision of veterinarians. He also revealed that feed cost is increasing very much in comparison to price of milk, so government should frame a policy for holistic growth of dairy profession.

Dr. H.S. Sandha, Director Animal Husbandry Punjab said that livestock professions are contributing 9.2% in state GDP as well as 30% in agriculture GDP. So diversification through livestock may be more beneficial in comparison to agriculture.

S. Ranike also released compendium booklet, compendium CD, Vet Alumnus magazine and monthly magazine of university 'Vigayanak Pashu Palan'.

Dr. H.S. Sandhu Dean College of veterinary science and DR highlighted the research activities of the university. Dr. R.S. Sahota, Director of Extension Education, welcomed the august gathering.

After inaugural session different issues were addressed in technical session. The main topics were, Shelter management in dairy animals, Synchronization of dairy animals, Emerging zoonotic diseases in livestock, disaster management and extension facilities in GADVASU for farmers and pet owners. A total of 425 delegates attended the workshop. Dr. P.D. Juyal Registrar, DR SPS Sangha, Dean College of Dairy Science, Dr. Asha Dhawan, Dean College of fisheries and a large number of university faculty was also there to grace the occasion.

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Gold imports rise in July: Chidambaram

NEW DELHI:Mon Jul 29, 2013(7STARNEWS)Gold imports in India, the world\'s biggest buyer of the metal, rose in July, Finance Minister P. Chidambaram said on Monday, from 31.5 tonnes shipped in June.

The measure to curb imports had effect in June, but imports had risen in July, said the finance minister, without giving details for the gold imports in tonnage or value terms for July.

Last week, India, which imported 304 tonnes of the yellow metal in April and May, tied the imports of the yellow metal for domestic consumption to exports.

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UK school bans skirts for girls as young as 9

London: Monday, July 29, 2013(7STARNEWS)A UK school has banned skirts for girls as young as nine citing concerns over shrinking hemlines and the pupils appearing very \"unladylike\".

Girls from Walkwood Church of England Middle School in Redditch, Worcestershire, have been told to wear trousers from September amid concerns over shrinking hemlines.

The school will also ban female pupils from donning blouses from 2014 to ensure boys and girls wear the same uniform, The Telegraph reported.

But the move has been branded \"crazy\" by parents who warned that denying young girls the chance to wear skirts would leave them confused.

One campaign group said 63 schools currently banned children from wearing skirts. Most are secondaries but at least one other middle school, teaching nine- to 13-year-olds? have launched a similar crackdown.

David Doubtfire, the head teacher, said the ban was necessary because pupils were wearing increasingly shorter skirts. \"Some of the older girls were beginning to wear extremely short skirts. It was becoming difficult, especially when it came to them sitting down in the school hall. It was very unladylike,\" Doubtfire was quoted by the daily as saying.

\"We would ask them to make their skirts longer, but they would just roll them up again when we turned away. We want to simplify the uniform. It was getting complicated and this should make it cheaper for parents. Some of the blouses were expensive,\" he said.

\"Girls may be allowed to wear dresses in the summer. We are going to have a consultation on this,\" he added. Walkwood, which is currently rated as \"satisfactory\" by Ofsted, teaches 723 boys and girls aged nine to 13.
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TV18 Broadcast posts Rs 6 crore profit in Q1

New Delhi: July 29, 2013(7STARNEWS)TV18 Broadcast Ltd has posted a consolidated net profit of Rs 5.9 crore for the first quarter ended June 30, 2013.

The company had a consolidated net loss of Rs 28.52 crore in the same period of previous fiscal, TV18 Broadcast said in a filing to the BSE.

Consolidated income of the company from its operation stood at Rs 393.93 crore in the April-June quarter, compared to Rs 339.79 crore during the same period of previous fiscal.

Company\'s consolidated revenue from its media operations was Rs 383.39 crore this quarter as against Rs 329.96 crore of the same period of last fiscal.

TV18 Broadcast consolidated revenue from film production and distribution also increased to Rs 18.79 crore this quarter. It was Rs 16.92 crore in first quarter of the last year.

According to the company, its advertising revenue grew 6% in the quarter to Rs 227.5 crore as against Rs 215.6 of the same fiscal last year.

\"The macroeconomic environment continues to be challenging and growth prospects remain uncertain. Given this backdrop, our broadcasting operations turned in a steady performance aided by the roll out of digitisation in 42 cities,\" Network18 Managing Director Raghav Bahl said.

He further added, \"However, there were pockets of weakness and we are committed to improving segments that are not meeting expectations.\"

TV18 Broadcast Group CEO B Saikumar said the company\'s motion pictures have seen losses this quarter and the management is confident of stemming them in the immediate term.

\"While our news and infotainment businesses have seen distinct softness in advertising, our entertainment businesses led by Colors have performed well on this front. Net Distribution Revenues from IndiaCast are on a strong growth trajectory and we continue to be enthused by its growth potential,\" Saikumar added.

The company\'s shares were trading at Rs 19.10 apiece on the BSE during the afternoon trade, down 3.78% from their previous close.
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World Hepatitis Day: Research shows countries ill-equipped to cope with epidemic

London: Mon Jul 29 2013(7STARNEWS)World Hepatitis Alliance calls for urgent action to address disease killing as many as HIV/AIDS On World Hepatitis Day, the World Hepatitis Alliance has called for urgent attention to be given to recent figures showing that although viral hepatitis kills as many as HIV/AIDS, the great majority of countries have no programmes in place to tackle it.

The Global Burden of Disease study released last year in the Lancet shows that viral hepatitis was responsible for almost 1.45 million deaths in 2010, the same as HIV/AIDS and significantly more than TB or Malaria. Despite this enormous annual death toll, leaders in global health consistently leave it off their agendas.

\'Viral hepatitis is the 8th leading cause of death worldwide, killing as many people as HIV/AIDS every single year\' says Charles Gore, President of the World Hepatitis Alliance. \'500 million people worldwide are chronically infected. In the face of these numbers how is it possible that viral hepatitis receives so little priority across the world?\'

Currently, diseases receive attention and funding depending on their global priority. However the global priority list does not necessarily reflect the real burden of disease. This has led to responses that are disproportionate to disease impact, and has left some diseases tragically under-resourced. Viral hepatitis is a clear example; despite its huge burden there is little global pressure to address it. Consequently, the majority of governments have failed to dedicate resources to viral hepatitis, even in countries where prevalence is up to 20%.

The Global Report released by the World Health Organization last week showed the extent to which viral hepatitis is ignored. Only 37% of countries have a national strategy or plan for viral hepatitis, and less than 30% reported having a department responsible solely for viral hepatitis related activities. The lack of response to the world\'s 8th biggest killer is truly baffling. Not only does it put millions of lives at risk by allowing this silent epidemic to grow, it leaves the 500 million people who are chronically infected wholly abandoned without support or recognition.

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RBI to manage liquidity as rupee stability trumps growth

Mumbai: July 29, 2013(7STARNEWS)The Reserve Bank of India (RBI), which has taken a series of measures to support the battered rupee, said on Monday that it will continue to manage money market liquidity in order to balance financial stability, growth and inflation.

The apex bank\'s policy focus has shifted from reviving economic growth to defending a rupee that hit a record low of 61.21 to the dollar on July 8, when it was down more than 9 per cent since the start of the year.

\"Global currency market movements in June-July 2013 have prompted a re-calibration of monetary policy,\" the RBI said in its a macro-economic report, a day before it is expected to leave interest rates unchanged at its monetary policy review.

\"The priority for monetary policy now is to restore stability in the currency market so that macro-financial conditions remain supportive of growth,\" it said.

The RBI has squeezed liquidity from the money market and pushed up short-term interest rates in order to deter capital outflows, allowing the rupee to make a slight recovery, and by late Monday it was trading around 59.40 to the dollar.

\"The Reserve Bank will endeavour to actively manage liquidity to reinforce monetary transmission that is consistent with the growth-inflation balance and macro-financial stability,\" it said.

The RBI last cut its policy repo rate by 25 basis points to 7.25 per cent in May and it left the rate on hold at its last review, in June.

The RBI reiterated its call for the government to implement measures to attract stable capital flows, saying that recent central bank steps to stem volatility in the rupee \"provide at best some breathing time\".

In Monday\'s report, the RBI\'s survey of professional forecasters lowered its growth forecast for the fiscal year that started in April to 5.7 per cent from 6.0 per cent in its previous survey.

The survey also foresaw a current account deficit of 4.4 per cent of gross domestic product for the current fiscal year, compared with a deficit of around $88 billion, or a record 4.8 per cent of GDP, in the last fiscal year.

The survey projected wholesale price index inflation at 5.3 per cent during the current fiscal year, lower than the 6.5 per cent forecast in its last survey.

The headline wholesale price inflation picked up for the first time in four months in June to 4.86 per cent annually, while the consumer price index also remained elevated at 9.87 per cent, a key worry for the RBI.
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Telangana state likely to be announced tomorrow

New Delhi:July 29, 2013 (7STARNEWS)A new state of Telangana is likely to be announced tomorrow by the government. Sources say that the top decision-making body of the Congress, its Working Committee, will formally endorse the move to bifurcate Andhra Pradesh on Tuesday, a decision which was taken by party president Sonia Gandhi a few days ago.

Before that, Mrs Gandhi and the Prime Minister will meet with their allies who participate in the government to formally inform them of the road-map for India\'s 29th state.

Hyderabad, sources said, will not be designated a Union Territory. Instead, the city with its booming economy powered largely by the IT industry, will be a shared capital for Andhra Pradesh and the new Telangana state.

Congress leaders from Andhra Pradesh who are from the two non-Telangana regions of Coastal Andhra and Rayalaseema had objected to statehood for Telangana, arguing that their voters would respond with retributive force. But the party has reportedly made it clear that it will not reconsider its stand; Chief Minister Kiran Kumar Reddy is upset but has been persuaded not to resign in protest, said sources.

Telangana\'s future is imbricated with the national elections, now just months away. Andhra Pradesh has 42 parliamentary constituencies. The Congress has calculated that creating a new state will deliver strong returns. But just in case, it\'s weighing how to graph the geography for maximum electoral ground.

So the government may seek to affix two districts from Rayalaseema to Telangana\'s existing 10 districts. This will ensure the new and old states have 20 parliamentary seats each, and that the stronghold of political rival Jagan Mohan Reddy is divided across the new border.


The actual formation of the state is expected to be completed by early next year. The cabinet will share its plans with President Pranab Mukherjee and the Andhra Pradesh legislature will be asked for insights.

The PM will then set up a committee to negotiate consensus between the leaders from the three regions of the state for issues like how to share revenue and water.

Both Houses of Parliament will have to then pass the resolution for the creation of a separate state.

The five-decade struggle for a Telangana state was forced onto the contemporary national agenda in 2009 by the Telangana Rashtra Samithi or TRS, headed by K Chandrasekhara Rao. He fasted for 10 days, triggering huge rallies of support.

In response, in December 2009, in a surprise announcement, the Centre said it was sanctioning statehood. But within days, the government backtracked as violent protests erupted in the other two regions-Coastal Andhra Pradesh and Rayalaseema.
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Sharad Yadav takes on Vijay Mallya, says \'corporates indulging in corrupt practices to enter Parliament\'

New Delhi :Monday, Jul 29, 2013(7STARNEWS)Janata Dal (United) chief Sharad Yadav on Monday launched a frontal attack on industrialist Vijay Mallya, and alleged that corporate giants were indulging in corrupt practices to find their way into Parliament.

Yadav, who was reacting to the claims made by Congress leader Birender Singh that Rajya Sabha seats are sold for Rs. 100 crores, said he was not aware of the monetary value of a seat in the Upper House, but knew that corporate giants were indulging in corrupt practices to find their way into the Parliament.

"I am not aware of what the rates are. However, it must not be generalized. People like Vijay Mallya and others who bring with them moneybags indulge in buying these seats. How much they pay for them, I am not aware," he said.

Yadav also made his party's position clear on the issue, and said there are no such discrepancies in the Janata Dal (United).

"In fact, neither can a wealthy man stand nor can a wealthy man use his money to win at our party" Yadav said.

"In the way the country's political sphere is deteriorating, there are aberrations. These people are managing to come into parliament for business," he added.

Birender Singh has kicked up a storm by alleging and later retracting that Rajya Sabha seats are on sale. He had alleged that members are buying seats for as much as Rs 100 crore.

He had also alleged that such Rajya Sabha members would not perform for the benefit of the poor.

"A Rajya Sabha MP told me that he had a budget of Rs 100 crore to get into the Rajya Sabha. If people like this come into the Rajya Sabha, I am sure they won\'t do much for the poor," he had said, while addressing a gathering in Jind, Haryana.

Birender Singh later retracted from his statement saying what he meant was that more people with monetary power were now emerging on the political sphere of the country.

\"Whatever is appearing on TV is entirely a wrong version of what I said. I said that after the results of the Lok Sabha elections 2009, there were crorepati MPs. I said that money power is becoming more important," he later claimed.
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Sanju Baba turns 54 today

New Delhi: 29 Jul 2013,

Bollywood`s very own 'Baba' turns 54 today. Sanjay Dutt is such an actor who wowed us with his action stunts as well as with his mellow side. And when he was charged for possessing banned arms and ammunitions in 1993 Mumbai bomb blasts case many hearts were broken.

Sanjay Dutt made his debut in Rocky (1981). After which he acted in Vidhata, Jeeva, Naam and Taaqatwar. In the early years, Sanju had faced drug addiction. He underwent treatment for the drug addiction at the rehab center in US.

He then went on to act in Sadak, Khoon Ka Karz, Khal Nayak, Saajan,Vaastav. All these films were quiet successful at the box-office. Mission Kashmir, Jodi No. 1, Hathyar, Kaante, Munna Bhai M.B.B.S, Dus, Lage Raho Munna Bhai, Shootout At Lokhandwala, Dhamaal, Blue and All The Best: Fun Begins… were successful at the box-office.

However, he faced hard times in 1990s and 2000s due to his alleged involvement in the terrorist interactions and weapons possession. He was arrested under Terrorist and Disruptive Activities Act (TADA).

He made his comeback in 1999 with a string of films – \'Kartoos\', \'Khoobsurat\', \'Daag\', \'Haseena Maan Jayegi\', and \'Vaastav\'. No wonder he\'s known as the comeback king! His powerful portrayal of an underworld don in \'Vaastav\' won him his first ever Filmfare award for Best Actor.

The immense success of the movie 'Munna Bhai MBBS' (2003) has turned it into a series \'Lage Raho Munna Bhai\' (2006) that won him an award from Manmohan Singh. Another sequel is rumored to happen.


In a career spanning four decades, Dutt\'s on screen frank speak and peculiar dialogue delivery -- a mix of coarse and caustic has gone down famously with the viewers.


Sharafat ki kitaab mein mujhe khalnayak kehte hain.Playing the whimsical, larger-than-life bad boy in Subhash Ghai\'s Khalnayak, Dutt gets into the skin of his character with a grubby get-up and (the afore-mentioned) popular retort to Madhuri Dixit\'s inquiry.


Zindagi jeene ka mazaa tab aata hai, dost jab maut ki ungliyan thaamkar bhaaga jaaye. Sanjay Gupta\'s slick directorial debut captures Dutt\'s macho appeal and magnetism like never before.


Ek baat yaad rakhna inspector main wapas aaonga. Us ladki ko chhupa kar, wapas zaroor aaonga Inspector. Aur us din aakhri baar teri photo zaroor chapegi, zinda nahi murda. Playing an aggressive character modelled around Robert De Niro in Taxi Driver turned Dutt\'s fortunes overnight after Mahesh Bhatt\'s Sadak became a huge hit.


Asli hai, asli! Pachhas Tola, pachhas tola. Kitna? Pachhas tola! The manic delight Dutt conveys in flaunting the obscene amount of gold around his neck while showering his displeased family with expensive gifts is one of the most effective moments of his critically-acclaimed performance in Vaastav.

Munnabhai MBBS

Do sau che type ka sirf haddi hai. Todne ke time apun log sochte the kya? Rajkumar Hirani\'s feel-good entertainer has tons to chuckle about. Including the time when an amazed Dutt discusses the complexities of human anatomy and the amusing indifference with which they disassembled it in their profession as goons.


Udaa do saale ke bheje ko. Main bhi dekhna chahta hoon ke ismein ghaas bhara hai ya bhusa.Trust Sanjay Dutt to blurt the most hostile things and still make an impression.

Lage Raho Munnabhai

Jab dono gaal pe pad jaaye toh kya karne ka, yeh Bapu ne kaha apne ko. As the Gandhigiri endorsing tapori of Munnabhai sequel, Dutt responds to a guard slapping him on both sides of his face with a license to give it back since the icon\'s non-violence sayings never specified beyond \'offer the other cheek\' technicality.


Tum kya leke aaye the, aur kya leke jaaoge? Reh jayega sirf ek insaan -- sarv shaktishaali, sarv shaktimaan, Kancha! Sanjay Dutt\'s chilling menace as the bald, black-clad Kancha Cheena in Karan Johar\'s Agneepath is a visible departure from Danny Denzongpa\'s polished malice in the original.


Tere mein sur Osama ka ho, lekin märe mein power Obama ka hai. Even the super silly Policegiri, which released a few weeks back, packed in some masses-friendly quotes pandering to Sanjay Dutt\'s tough guy image.

Other than movies, Sanjay Dutt co-hosted Television reality show Big Boss 5 along with Salman Khan. Sanjay Dutt and entrepreneur IPL cricket team owner Raj Kundra together launched India\'s first professionally organized mixed martial arts league — the Super Fight League.
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EPFO to launch online service for transfer claims by 15th August

New Delhi:29 Jul 2013,

To kick-start the process, the EPFO has started registering the digital signatures of employers from Thursday as this procedure is mandatory. It is learnt that the EPFO is hopeful that a number of firms would get their digital signatures registered in the next 14 days and then the body would take the next step to launch the service. It has also been learnt from the sources that EPFO has zeroed in on 15 August i.e., on the occasion of Independence Day, mainly in order to make the process popular and spread awareness about it in a more comprehensive manner. During 2012-13, 107.62 lakh claims were settled and 88 percent were processed within 30 days as prescribed by the body's citizen charter and now the EPFO expects 1.2 crore claims in 2013-14 including 13 lakh Provident Fund transfer claims. Besides, the body also plans online settlements of around 10 lakh transfer claims of tech-friendly applicants mainly from industries like IT this fiscal.
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Need to relax rules for more foreign investments: FM

New Delhi:29 Jul 2013

New Delhi is seeking higher foreign investments to fund the current account deficit, which hit 4.8 percent of the GDP in the fiscal year that ended in March. A swollen deficit has helped make the rupee the worst performing emerging Asian currency, which has been down over 9 percent since the beginning of May.

What Finance Minister said:

• I do not expect RBI\'s liquidity measures to result in hike in bank lending rate

• Price stability cannot be the only mandate of a Central Bank

• Mandate of a central bank is to ensure growth promotion and employment generation in addition to price stability

• Banks have no plans to increase interest rates

• Bankers have assured me that they will fully meet the credit needs of the industry

• Cabinet committee on investment cleared projects envisaging investment of Rs 1.6 lakh crore

• Our government is industry friendly and when we return in 2014, we will be more friendly

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Sunday, July 28, 2013

Prime Minister condoles Siddiqi\'s death

New Delhi: July 28, 2013(7STARNEWS)Prime Minister Manmohan Singh today condoled the demise of eminent biologist Obaid Siddiqi, who died in Bangalore on Friday due to brain injuries sustained in a road accident on July 21.

\"I am deeply grieved to learn of the passing away of Dr Obaid Siddiqi, one of India\'s most eminent molecular biologists, who will long be remembered for his pioneering research in this field,\" Singh said in his message.

The Prime Minister said Siddiqi was among that crop of scientists who helped lay the foundation of our country\'s scientific research effort.

\"He will be missed deeply by his friends and colleagues as a great researcher, educationist and a very warm human being. I offer my heartfelt condolences and pray for peace of the departed soul,\" Singh said.

Siddiqi, National Research Professor at the National Centre for Biological Sciences, Tata Institute of Fundamental Research (TIFR), was member of various national and international science academies.

He has been honoured with Padma Vibhushan, Padma Bhushan, Bhatnagar Prize, INSA Golden Jubilee Medal, Birla Samarak Kosh National Award, Goyal Foundation Prize, Aryabhatta Medal by INSA, Bhasin Foundation Prize, Science Congress Plaque of Honours, BC Roy Award for Biomedical Research and Firodia Award for Basic Sciences.

Siddiqi is survived by his wife Asiya, sons Imran and Kaleem, and daughters Yumna and Diba.
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Helicopter scam: CBI may get Agusta phone transcripts tomorrow

NEW DELHI:28 Jul, 2013(7STARNEWS) Italian authorities may hand over to the CBI tomorrow the crucial telephone transcripts in the Rs 3,600 crore VVIP helicopter scam, a move which may help it in expediting the probe into the case.

According to highly-placed sources, the documents are expected to be handed over to Indian mission officials in Milan on Monday after which these would be sent here for scrutiny and ascertaining the role of middlemen and others in the case.

The transcripts, which are likely to be handed over to the CBI, would help it carry forward its probe in the Rs 362 crore bribery scandal in which the then Indian Air Force chief S P Tyagi is also an accused, the sources said.

The records are crucial to the CBI probe as they reportedly contain several conversations related to the alleged remittances made to cousins of Tyagi and other middlemen to clinch the deal, they said.

The sources said a set of over 40,000 documents related to contours of money trail has already been received by the CBI from the Italian court after Defence Ministry became a civil party in the ongoing case in the European country.

However, they did not carry crucial phone conversations intercepted by the law enforcement agencies there.

CBI has also hired lawyers in Italy to represent it in the case.

With the help of phone intercepts, the agency wants to corroborate claims made in these conversations with the details of actual fund transfers to bolster its evidence against the accused in the chopper scam.

They said the records are related to phone conversations which were tapped by Italian authorities who have quoted them in their preliminary enquiry report on the basis of which they have started investigations into the alleged involvement of Italian company Finmeccanica, its UK-based subsidiary AgustaWestland and their top executives.

The sources said once CBI gets these records it might question Tyagi and other accused again before starting to prepare the charge sheet against the accused.

Meanwhile, CBI has also sent judicial requests to countries like Italy, UK, Switzerland and Tunisia seeking details of remittances made to India through the web of companies, the sources said.

Italian agencies had arrested the then CEO of AgustaWestland, Giuseppe Orsi, for alleged bribe given to Indian middlemen to clinch the deal.

The supply of 12 VVIP helicopters from AgustaWestland had come under scanner after Italian authorities alleged that bribe money was given by the company to clinch the deal.

The Italian prosecutor, who carried out the preliminary enquiry, alleged that the CEO of Finmeccanica, parent company of UK-based AgustaWestland, had used services of middlemen to bribe Indian officials in India.

CBI which carried out probe in India had named 13 individuals, including Tyagi and European middlemen Carlo Gerosa, Christian Michel and Guido Haschke, in the FIR as accused, in connection with the alleged bribery.

The probe agency has alleged that during his tenure as the IAF chief, Tyagi and \"with his approval\" the Air Force \"conceded to reduce the service ceiling for VVIP helicopters from 6,000 m to 4,500 m as mandatory to which it was opposing vehemently on the grounds of security constraints and other related reasons\".

According to the FIR, \"Haschke Guido and Gerosa Carlo (middlemen) managed to send Euro 5.6 million through Mohali-based IDS Infotech and Chandigarh-based Aeromatrix Info Solutions Private Ltd to India and kept the remaining amount out of about Euro 24.30 million received from AgustaWestland with themselves in the account of IDS Tunisia.\"

Both the Indian companies have denied involvement in the bribery scandal.
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Heart disease No1 killer of Indians

Sunday, Jul 28, 2013(7STARNEWS)Heart disease has emerged as the number one killer among Indians, a new survey has revealed.

According to a recent study by the Registrar General of India ( RGI) and the Indian Council of Medical Research (ICMR), about 25 percent of deaths in the age group of 25- 69 years occur because of heart diseases.

If all age groups are included, heart diseases account for about 19 percent of all deaths.

Sunday, Jul 28, 2013(7STARNEWS)India, with more than 1.2 billion people, is estimated to account for 60 percent of heart disease patients worldwide.

It is the leading cause of death among males as well as females and in all regions of India, the study found.

India, with more than 1.2 billion people, is estimated to account for 60 percent of heart disease patients worldwide.

According to the World Health Organization, heart related disorders will kill almost 20 million people by 2015, and they are exceptionally prevalent in the Indian sub-continent.

Half of all heart attacks in this population occur under the age of 50 years and 25 percent under the age of 40.

It is estimated that India will have over 1.6 million strokes per year by 2015, resulting in disabilities on one third of them. The need is urgent.

It is in this context that the American Association of Physicians of Indian Origin (AAPI) has launched educational "Networks" of renowned thought leaders in the areas of Cardiology, Diabetes, and Stroke to foster high quality medical education of physicians of Asian Indian origin in the US.
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Top ten trading strategies for the coming week

28 Jul, 2013(7STARNEWS)Here is a list top ten trading strategies for the coming week:

Analyst: Renu Goel - Analyst, Derivatives & Technical Research at Trend-Wise:

Tata Global Beverages (BUY / CMP: 156.7 Target1: 167 Target2: 174)

Tata Global scaled above medium term resistance around Rs 152 and has been consolidating above that range. With momentum seen gathering again, the stock can now rally to Rs 167 & 174 in the short to medium term. The stock can be bought at current levels with a stop loss at Rs 151.

Hero Motocorp (BUY / CMP: 1865.45 Target1: 1938 Target2: 2127)

The stock is showing signs of making a durable medium term bottom after completing a \'Head & Shoulder\' reversal pattern on good volumes. Weekly candle closed near highs signifying momentum.

Though the medium term targets are much higher, but for the short term one can look at entering at current levels or on a pullback for targets of Rs 1938/2127 where Hero MotoCorp may face resistance from previous highs.

Hindustan Unilever (SELL / CMP: 663.70 Target1: 630 Target2 600)

After the spectacular rally in the first half of 2013, the stock is showing signs of trend exhaustion & is expected to show some retracement. Short buildup is visible and one can consider selling HUL for targets of 630 and 600 with a short to medium term horizon. 682 can be used as a stop loss level.

Coal India (SELL / CMP: 282.25 Target1: 267 Target2: 258)

Coal India could not hold its long term support level around Rs 290 and has broken down to its all-time lows with a bearish continuation pattern. Weakness is gathering momentum and the stock could sink towards 267 and 258 in short to medium term.

Bharti Airtel (BUY / CMP: 337.2 Target1: 369 Target2: 385)

Bharti Airtel has rallied since June to break out of a 17-week sideways range that now promises further upsides in the stock. Resistance at Rs 330 should reverse roles as support and one can look at accumulating at current levels. A strong close below Rs 330 will be a warning sign for longs and can be used as a stop loss.

Analyst: Gaurav S. Ratnaparkhi, Technical Analyst at Sharekhan Ltd:

HDIL: SELL, SL 39.65, TGT 32.50

The stock was trading in a range bound manner for the last several days. In terms of price pattern it has formed a distribution triangle and has broken out on the downside. Sharp contraction in the daily Bollinger Bands shows that a sharp move is in the offing, which has a high probability to unfold on the downside.

PNB: SELL, SL 625, TGT 522

The stock was trading in between two converging trendlines, which have taken form of a bearish triangle. In the last session the pattern has broken on the downside. Along with the price breakout, the daily momentum indicator has given a fresh sell signal.

Indiabulls Real Estate Ltd: SELL, SL 71.50, TGT 61.20

The stock has recently completed a channelised pullback and has resumed with the larger downtrend. It has fallen below its crucial daily moving averages. Daily momentum indicator has turned in favor of bears, whereas weekly momentum indicator is already in a bearish mode.

Jubilant FoodWorks: SELL, SL 1218, TGT 1010

The stock has recently formed a five wave advance. To end the last leg of the advance the stock has formed an Expanding Ending pattern and has entered correction mode. Daily momentum indicator that has been showing negative divergence has given a sell signal.

Tata Motors: SELL, SL 303.30, TGT 260

After a five wave decline the stock has recently formed a three wave pullback. The same got over at Rs 303 and from there the stock has started falling down.

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Nothing will be swept under carpet in Dhoni probe: Dalmiya

BCCI's interim president Jagmohan Dalmiya on Sunday promised that there will be no cover-up in the probe into the alleged conflict of interests issue over Mahendra Singh Dhoni holding stakes in a sports management firm that manages him and several other Indian cricketers.

Dhoni found himself in the middle of a controversy when it came to light that he had 15 per cent stake in Rhiti Sports, which also manages Suresh Raina, Ravindra Jadeja and Pragyan Ojha, apart from him.

"I had said nothing will be swept under the carpet, even if it is Dhoni," Dalmiya said after the Board's working committee meeting here on Sunday.

The skipper came under sharp attack from many former cricketers for his alleged conflict of interest for having stakes in the sports management company and being the captain of the national side at the same time.

Dalmiya said the board had changed its "mode of working" as far as keeping a check on players' conflict of interests was concerned.

"We have changed our mode of working. We don't believe you have to be after any player or anybody. Therefore, the players will have to declare their interest in sports management companies. We will see how we can help them," Dalmiya said.

Talking about Delhi seamer Pradeep Sangwan, who has failed a random dope test conducted during the 2013 season of the IPL, Dalmiya said "the BCCI will follow the procedures as per anti-doping code".

Dalmiya also said that the annual contract for coaches and support staff for special academies has been renewed for one year.
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Amitabh Bachchan crowned greatest Bollywood star in UK poll

London:28 Jul 2013

The multi-award winning actor of countless classics bagged major share of votes from critics, fans and the film fraternity to be named on top in the survey \'100 Greatest Bollywood Stars\' published by British Asian weekly newspaper \'Eastern Eye\'.

In a career spanning an incredible 40 years, 70-year-old Bachchan blockbusters like \"Sholay\" and \"Deewar\". He is also credited with bridging the gap between Bollywood and TV by hosting popular game show \'Kaun Banega Crorepati\'.

Referred to as Big B by his fans, Bachchan was also the first Bollywood star to be honoured with a statue at Madame Tussauds and recently represented India as the Olympic torch-bearer at the London 2012 Games.

\"If you take longevity, impact, number of fans and varied body of work into account then Amitabh Bachchan is the greatest movie star in the history of global cinema. No other movie star has remained at the very top for as long as he has or made a positive impact on the lives of so many,\" said Asjad Nazir, showbiz editor of the magazine.

The survey was compiled via a combination of audience votes through social media, box-office figures, cinematic impact and critical acclaim.

Bachchan\'s own choice and yesteryears acting legend Dilip Kumar came in second with Shah Rukh Khan coming in a close third.

Madhuri Dixit topped the survey among Bollywood\'s female actresses and was placed fourth in the overall list.

\"I am proud to be a part of that and I am also proud to be a part of the whole movement where cinema is getting better and we are trying to do something different,\" Madhuri said.

\"It\'s wonderful to be highly placed, but it also comes with a great sense of responsibility on my shoulders where I have to do better every time when I am doing something. So I love it and I love what I do,\" she added.

The others who made it to the top 10 included names like Raj Kapoor (5), Nargis (6), Dev Anand (7), Waheeda Rehman (8), Rajesh Khanna (9) and Sridevi (10).

Other notable stars to make the cut include Salman Khan (11), Aamir Khan (14), Dharmendra (15), Hema Malini (18), Madhubala (24), Kajol (30), Hrithik Roshan (32), Rani Mukerji (38), Kareena Kapoor (43), Mumtaz (50), Saif Ali Khan (59), Priyanka Chopra (86) and Katrina Kaif (93).

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Shahid plays Salman Khan’s fan in \'Phata Poster Nikla Hero\'

Mumbai:28 Jul 2013

\"There\'s a little scene in the film where Salman sir is there .. Salman sir was kind enough to do a special appearance in the film,\" the 32-year-old said here on Friday at a press meet for the film.

\"Phata Poster Nikla Hero\" is directed by Rajkumar Santoshi, who had earlier roped in Salman for a special appearance in his film \"Ajab Prem Ki Ghazab Kahani\" as well.

Talking about his character\'s fascination with Salman, Shahid said, \"He (Shahid\'s character) is a very big fan of Salman Khan and in one scene we have even worn a \'Being Human\' t-shirt and in another scene, the character has gone to buy vegetables with his mother and his hands are full and he is eating a banana standing and watching the poster of \'Dabangg 2\'.\"Being Human is Salman\'s NGO. \"Phata Poster Nikla Hero\" also stars Ileana D\'Cruz and is slated to release August 23.

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Honda to increase production of Amaze

New Delhi:28 Jul 2013,

The company hopes to reduce to 2-3 months the delivery time for booked cars with the increase in output from the current 4-5 months.

\"The demand for Amaze has been so strong and we still continue to have more bookings. In order to reduce the waiting period, we have decided to start a third shift at the Greater Noida plant by November,\" HCIL senior vice-president Jnaneshwar Sen said.

When asked by how much the output will be increased, he said, \"We have not yet arrived at a number as the third shift will be shorter. At present, we are producing a total of 440 cars per day, including the Amaze, at the plant in two shifts.\"

The waiting period for the car would come down by two months after the start of the third shift, he added. The estimated order backlog of Amaze is over 20,000 units and the company has been selling about 5,500 units per month since the model was launched in April this year.

On whether the company is adjusting production of other models to roll out more Amaze, Sen said, \"No. Other models are being produced as per our original plans.\"

The Japanese firm had launched the entry level sedan Amaze at a price range of Rs 4.99 lakh to Rs 7.60 lakh (ex-showroom, Delhi). Helped by Amaze launch, Honda Cars has posted a three-fold jump in domestic sales in June at 9,297 units as against 2,667 units in the same month last year.

The new model, which has been developed keeping in mind the Indian conditions, competes directly with market leader Maruti Suzuki\'s Swift Dzire. Sen said there has been pricing pressure due to the rupee depreciation but the company has not yet decided to increase the price of the Amaze. - See more at:
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Prime Minister to meet industrialists on Monday

New Delhi:28 Jul 2013

\"We will talk about all the major concerns besides negative sentiment which is haunting the industry. We will suggest steps to deal with CAD, rupee depreciation,\" said an industrialist who will attend the meeting.

The meeting is likely to be attended by CII president Kris Gopalakrishnan, ICICI Bank MD and CEO Chanda Kochhar, HDFC Chairman Deepak Parekh, and Bharti group Chairman Sunil Mittal besides several others.

The Prime Minister\'s meeting comes against the backdrop of decelerating industrial production and the liquidity tightening measures undertaken by RBI to arrest decline in rupee. RBI initiatives are likely to further choke growth.

CAD last fiscal was 4.8 percent and the government intends to bring it down to 4.2 percent this financial year. The rupee slide is another concern for the government. Earlier this month it fell to all-time low of 61.21 against the US dollar.

Singh will also discuss with captains of industry ways to accelerate skill development, besides development of the Delhi-Mumbai Industrial Corridor (DMIC), the Chennai-Bangalore Industrial Corridor (CBIC) and the Amritsar-Delhi-Kolkata Industrial Corridor (ADKIC).

Singh recently said that although basic fundamentals are sound and stable, the growth rate in the current financial year is likely to be lower than 6.5 percent estimated at the time of presentation of the Budget in February.
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Saturday, July 27, 2013

College Assembly and Garima Syal announced The Head Girl GCG


College Assembly was held and presided over by Principal Mrs. Gurminder Kaur . All the students of new classes participated in this assembly while addressing Principal said you are very lucky that you got admission in premium Institution of Punjab. I congratulate you on very first day in this college and hope that you will improve you performance in the coming examination. She also said that if you face any problem in this college you must contact me in my office or telephone. She also said that ragging is banned in this college and student is found involved a strict action will be taken against her.

The members of College Council was selected in the Govt. College for Girls , Ludhiana. The worthy Principal Mrs. Gurminder Kaur was among the selection committee with. Mrs. Paramjit Kaur ,Incharge Student Council.

She said that she was overwhelmed by seeing the efforts put in by the students. She also motivated the selected students for propounding their best efforts. She also mentioned that selected members of council should put in their best efforts to enhance the growth and further development of the college. The election of the C.R for various classes also held today under the supervision of the worthy Principal Mrs. Gurminder Kaur and Mrs. Paramjit Kaur.

Selected Members of Council

Head Girl: Garima Syal ( B.A-III)

Deputy Head Girl: Riya Bansal (B.Sc-II) and Arpit ( B.A-II)

Secretary: Pankhuri and Jimmy ( B.A-III)

Joint Secretary: Sakshi Mahajan and Megha Dhir ( B.Sc-III)

C.R Ramandeep Kaur (B.A-I)

Parampreet Kaur (B.A-II)

Insiya (B.A-III)

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A delegation of United cycle & Parts Manufacturers Association under the leadership


A delegation of United cycle & Parts Manufacturers Association under the leadership of S. Gurmeet Singh Kular , President met Hon'ble Union Minister of MSME , Sh. K.H Muniyappa guru at Delhi along with Sh. Madhav Lal, IAS, Secretary MSME and Sh. Amrednra Sinha, IAS Addl. Secretary and DC-MSME. A memorandum enumerating the following problems of the cycle industry was handed over to Sh. K.H Muniyappa, Hon'ble Union Minister of MSME : -


The Technology Upgradation Fund Scheme (TUFS) provides plan support for modernization of textiles industry in the form of interest reimbursement and capital subsidy. The sectors benefited under TUFS are Spinning, Weaving, Processing, Technical Textiles, Jute, Silk, Garmenting, Cotton Ginning, Wool and Power looms. The above industries has derived facilities like modernization machinery, infrastructures etc. but the Cycle industry which is the second largest one in India and provides employment more than half million peoples but no facility has been provided to this industry by the centre nor by the state government in budget 2013-14.

It is our humble request that like textile industry, The Bicycle / Engineering industry should also be given privilege of TUF scheme in order to boost the industry with modernization of Machinery and other Production facilities.


I take this opportunity to apprise you about the problems faced by the industry in general and cycle industry in particular. Ludhiana is considered as the Manchester of the India and hub of industry which is scattered forms one corner to another corner of the city. The custom department has stopped factory stuffing of trading item, with the result the Exporters have to face difficulty regarding loading and unloading and this has lead to delayed shipment and added cost to the export.

It is humbly requested that this scheme of factory stuffing should be restored so that the industry may not face any difficulty for the export of the products.


Presently, MSMEs are exempted from the preview of central excise up to 1.5 crore of Annual Turnover. Consequent upon enormous increase in the cost of raw materials, process cost, labour, transportation etc. for the past few years , the limit of 1.5 crores annual turnover is no more significant when compared to present cost of production and needs to be enhanced to 5 crores.

4. Procurement of procedure from SMEs by central & state PSUs :

Both State and Union Governments have issued Orders to their Departments and respective Public Sector Undertakings to compulsorily procure 20% of their requirements from SMEs, the same are not being followed 10% price preference should be made mandatory in Punjab to improve the order book position of State SMEs and to better their performance. Hon'ble Minister is requested to take immediate necessary action in this regard and help the SMEs to improve their order book position.

5. Low rate of interest to MSMEs :

It is brought to the notice of Hon'ble Union Minister of MSME , Sh. K.H Muniyappa guru that the Banks provide the loan on a very high rate of interest which is too high for the MSMEs. Micro & Small scale units are back bone of industry. Banks are charging 13% to 16% rate of interest which is totally un-viable to run the units; we request to reduce the rate of interest to 7% in order to protect them from extinction. He is requested to instruct the department to provides low rate of interest for MSMEs so that the MSMEs may develop their infrastructure and production capacity, this will boost the MSMEs moral and make them able to compete in the international market.

In the meeting the following members were present: Sh. Manjinder Singh Sachdeva, General Secretary, Sh. Rajeev Jain of R & R Bikes and Sh. Jagatvir Singh of Ason Industries.

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