Even die hard Mamata supporter Anand Bazaar Patrica highlights Crocodile Tears of Ms Banerjee as she seems to Obstruct Economic Reforms. We NEVER know how far Mamata may go with the Genocide culture of UPA as we never doubt her Integrity!
Troubled Galaxy Destroyed Dreams, chapter 448
Palash Biswas
http://indianholocaustmyfatherslifeandtime.blogspot.com/
Budget 2010: Need for corporate tax reformsEconomic Times - 7 hours ago The primary drivers for this recovery has been domestic demand, in particular, rural India coupled with fiscal stimuli announced by the Government in the ... Infrastructure: Expectations from the Budget Moneycontrol.com India Budget:Expectations amidst economic rebound Commodity Online Need roadmap on deficit, reforms this Budget: Amansa CapMoneycontrol.com - 9 hours ago Now, as Finance Minister Pranab Mukherjee sets the fiscal agenda for Budget 2010, India is at the cynosure of the world's attention. ... India Budget May Roll Back Tax Breaks Wall Street Journal Housewives across India voice their expectations prior to budget Little About (blog) Sensex static as traders wait for budgetEconomic Times - 5 hours ago Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net buyers during the week, having bought scrips ... Markets edge up ahead of Budget Business Standard Flat finish for Sensex on budget blues, global woes India Infoline.com Sensex manages to end in green Indian Express Budget will up tax, cut spendDaily News & Analysis - - 20 hours ago The report has once again expressed concern over the lack of momentum in nuclear power technology in India. In October, 2009, also, the council had argued ... 'Roll back stimulus gradually' Times of India Stimulus should continue: India Inc Economic Times India corp bond yields up on US Fed move; budget eyedReuters India - - Feb 19, 2010 Trader await the federal budget on Feb. 26 for details on the next fiscal year's government borrowing. The yield on the Reuters benchmark five-year ... Indian bond yields higher on Fed move; await budget Reuters India  Email this storyIndia Budget FY11 – A Preview : Anand RathiMoneycontrol.com - Feb 18, 2010 We do not expect either a broadbased tax hike or a major across-the-board cut in expenditure in the FY11 budget. Yet, we forecast that the FY11 fiscal ... India - Fiscal Consolidation Ahoy ! VC Circle Investors eye Budget, GDP data and F&O expiry India Infoline.com Govt must start fiscal consolidation Panel Moneycontrol.com Email this storyLok Sabha Speaker to preside over all party pre-budget meetOneindia - 7 hours ago The Railway Budget will be presented on February 24, while the General Budget would be presented on February 26. India's inflation hit a one-year high in ... LS Speaker invites all parties leader to finalise House agenda All India Radio Brokerage expectations from 2010 BudgetMoneycontrol.com - 6 hours ago Refinancing from India Infrastructure Finance Co Ltd (IIFCL) for upto 60% of commercial bank loans for PPP (public private partnership) projects in critical ... Budget Commodity market hopes for entry of banks fundsMoneycontrol.com - 21 hours ago Finance Minister Pranab Mukherjee will unveil the budget in parliament on Feb. 26. Turnover at 23 commodity bourses in India has grown to Rs 52.5 lakh crore ... Realty sector pins hope on BudgetNDTV.com - - 19 hours ago India's troubled real estate sector is in desparate need of sops which could help boost demand for housing. In its Budget proposals, the urban development ... 'Concessions to rental housing critical' Daily News & Analysis Stay up to date on these results: |
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Mamata meets FM, presses for additional rail safety funds
NEW DELHI: Railway Minister Mamata Banerjee met Finance Minister Pranab Mukherjee during which she is understood to have pressed for additional
There has been a spate of railway accidents recently and the railway ministry is actively considering to install anti-collision devices and train protection warning system in the rail network to prevent the mishaps. Since it will require huge investment of funds, the railway is seeking additional fund to implement the safety devices. The railway safety fund came into existence during the tenure of Nitish Kumar as Railway Minister in 2003. Out of Rs 17,000 crore allocated for the safety fund, Rs 12,000 crore was shared by the finance ministry. The rest was raised through cess on railway tickets. The railways require Rs 70 lakh per kilometre for implementation of safety devices like train protection warning system and Rs 22 lakh per kilometre for anti-collision device. | |
Mamata burns midnight oil preparing Rail Budget
EW DELHI: Railway Minister Mamata Banerjee, who has been burning the midnight oil to prepare the Rail Budget, is understood to have accepted
 |
"She does not want to be seen as a Bengal-centric Minister and has made a conscious attempt to include major demands of various state chief ministers in her budget," said a source in the Ministry.
Insiders said she remained closeted with top railway officials for hours finalising the budget on Tuesday and left her Rail Bhawan office only at 3.30 am on Wednesday.
The Rail Budget will be presented on February 24. There are indications that she might leave the passenger fares untouched but rationalise the freight rates keeping essential commodities aside.
She is expected announce more non-stop 'Duronto' trains but no more of Garib Raths, a pet project of her predecessor Lalu Prasad. The existing Garib Rath trains, though, will continue to remain in service.
There is also a proposal to construct railway lines on the pattern of national highways involving private players. "The revenue sharing model is being worked out," the source said, adding it might figure in Banerjee's Budget speech.
Market
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Focus on indirect tax reforms
- Aim at subsidy reform, not higher taxes
- Tax breaks on short-term insurance policies may go
- Sops should go gradually: Infy CEO
http://economictimes.indiatimes.com/budget10.cms
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FEAR OR CAUTION?
Officer fighting Maoists hides face, slams govt
The chief of the paramilitary force which lost 24 personnel in a Maoist attack in West Bengal last week has alleged the state police had "inhumanly treated" his men. Benoy Chakraborty, Special IG of the Eastern Frontier Rifles (EFR), alleged that the West Bengal police had misused his force. Chakraborty had his face covered in a mask when he spoke to the media in Kolkata about the attack on the EFR camp in Sildah, West Midnapore district, on February 15.
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News results for mamata banerjee
The HinduPM tries to dawn reason on Mamata - 7 hours ago
Ms Mamata Banerjee, who threw a tantrum and later resorted to a dose of melodrama at Thursday's Cabinet meeting, has not given up her demand for funds from ...Economic Times - 97 related articles »
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Mamta Banerjee's populist posturing has government in jittersdomain-B - 3 hours ago Banerjee has not yet yielded on her demand for funds from the central kitty to finance her populist promises in the forthcoming railway budget and although ... PM tries to dawn reason on Mamata Economic Times Reformist Cong runs into populist Mamata Times of India 'Mamata helping Maoists'Asian Age - 12 hours ago 19: Chief minister Buddhadeb Bhattacharjee on Friday repeated his charge that Trinamul Congress chief Mamata Banerjee and the Maoists were hand-in-glove. ... Email this storyBomb alert: Hawker yet to hear from rlysTimes of India - - 16 hours ago KOLKATA: Five days have passed since Mamata Banerjee announced that Indradeo Shaw, the hawker who spotted a bagful of explosives on platform No. ... Protestors prevent Mamata Banerjee from flagging express trainThe Hindu - Feb 13, 2010 PTI Protesters today prevented Railway Minister Mamata Banerjee from flagging off the Rourkela-Bhubaneswar Intercity Express from Rourkela station through ... Mamata guns for Maoists Calcutta Telegraph Railways ministry to follow highway model for track laying Daily News & Analysis Protesters prevent Mamata from flagging off train Press Trust of India Trinamool MP opposes anti-Maoist drive, to protest in parliamentLittle About (blog) - 1 hour ago Kolkata, Feb 20 : Saying that Trinamool Congress chief Mamata Banerjee should have opposed the ongoing security forces' operation against the Maoists, ... Email this storyCabinet sees tussle over subsidy schemeBusiness Standard - Feb 18, 2010 Finance Minister Pranab Mukerjee and Railway Minister Mamata Banerjee exchanged words with Mukherjee actually raising his voice. When Banerjee voiced fears ... Free float for non-urea fertilizers? Times of India Cabinet okays fertiliser policy amid protests India Today Alagiri backtracks on subsidy proposal Chandigarh Tribune Email this storyMamata does Maoist mathsAsian Age - Feb 17, 2010 On Tuesday, Trinamul leader Mamata Banerjee appeared to go soft on the Maoists and wanted the Centre to probe the twin attacks in West Midnapore in which at ... Video: Tackling the Naxal menace in West Bengal NewsX Mamata demands central probe into Maoist attack Press Trust of India CPM blames top cops Calcutta Telegraph Signal ChangeOutlook - - 7 hours ago Is Union railway minister Mamata Banerjee's singular focus on politics in West Bengal holding up key railway projects? That would seem to be the case. ... Work on DFC going on in full swing Times of India Email this storyMamata takes aim at CM, nudges DelhiCalcutta Telegraph - Feb 15, 2010 15: Mamata Banerjee today demanded a central probe into the Maoist attack and suggested that it could also be "a handiwork" of the "Marxists". ... Maoist attack: Mamata demands Central probe, blames intelligence failure Daily News & Analysis Mamata proves a handful for Bengal Congress Indian Express Muslims, Marxists & Mamata Central Chronicle No Mamata-Mao nexus, says PCEconomic Times - Feb 9, 2010 KOLKATA: Home minister P Chidambaram on Tuesday defended his Cabinet colleague and railway minister Mamata Banerjee who is being accused by the West Bengal ... HM defends Mamata, says no party colluding with Maoists Press Trust of India PC denies Trinamool supported Maoists Express Buzz Trinamool not colluding with Maoists: Chidambaram Little About (blog) Stay up to date on these results: |
No link with Kobad Ghandy now, say Nepal MaoistsTimes of India - 5 hours ago ... calling the Indian insurgency "India's internal matter". The Maoist denial came after Indian police in New Delhi Friday formally charged Ghandy, ... 'Ghandy had links with Maoists across globe' Hindustan Times 'Kobad was in the loop on Induwar beheading' India Today Khobad charged Calcutta Telegraph India's flawed fight against MaoistsThe Hindu - Feb 18, 2010 India's Maoist insurgents are not the fearsome adversaries the media sometimes make them out to be. Like the police, they are badly trained and equipped. ... Maoists attack Bihar village, kill eleven people Hindustan Times Naxal attack: Bihar cops ignored intel inputs Times of India India to hold West Bengal Maoist attack inquiryBBC News - - Feb 17, 2010 Indian Prime Minister Manmohan Singh has described the Maoist insurgency as India's "greatest internal security challenge". The rebels now have a presence ... Video: Tackling the Naxal menace in West Bengal NewsX Nepal Maoists clash with police over arms movement, 6 injuredDaily News & Analysis - 1 hour ago The Maoists claimed that the government had imported weapons from India in violation of the 2006 Comprehensive Peace Accord with the former rebels that ... Maoists for BDO swap: Jharkhand's call, says PCFinancial Express - 20 hours ago On the upcoming foreign secretary-level talks between India and Pakistan, Chidambaram said that "pending issues related to the 26/11 attacks" in Mumbai will ... Join the terror dots Asian Age Unity on internal security Central Chronicle In exchange for released bureaucrat, two suspected Maoists bailed outLittle About (blog) - 3 hours ago They were arrested a few months ago on charges of being Maoists. The banned group, Communist Party of India-Maoist (CPI-Maoist) Feb 13 abducted Prasant ... Video: Exclusive: Kidnapped Jharkhand BDO speaks to NewsX NewsX Naxals free abducted Jharkhand official IBNLive.com Abducted official will be freed after demands met: Maoists Hindustan Times Will unveil Maoist-Trinamool nexus in parliament: CPI-MCalcutta Tube (blog) - - 1 hour ago ... Communist Party of India-Marxist (CPI-M) says it will unveil during the parliament session beginning Monday what it terms the Maoist-Trinamool Congress ... Trinamool youth Cong workers stage dharna Press Trust of India Email this storyNabbed Maoist in Orissa transacted lakhs in banksOrissadiary.com - 6 hours ago ... extortion money for the Maoists from contractors and businessmen including few from the town. He was running four accounts in United Bank of India, ... Met The New Boss At The Picnic?Outlook - 7 hours ago ... position on national security most forcefully—both represent two poles in the two critical battles being waged in India, against Maoists and terrorists. ... Maoist killing spree consequence of Left's cult of violence: CongressTimes of India - Feb 17, 2010 NEW DELHI: Congress has ascribed the Maoist killing spree in Bengal to the `cult of violence institutionalised' by the mainstream Left over the past 30 ... Ostarcize those romanticizing Maoist violence: Congress Little About (blog) Cong points finger at Left Calcutta Telegraph Email this storyStay up to date on these results: |
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Jharkhand govt bows before Maoists, gets BDO freed
Published on Sat, Feb 20, 2010 at 11:28, Updated on Sat, Feb 20, 2010 at 11:34 in India section
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Ranchi: Jharkhand official Prashant Kumar Layek was released by the Maoists on Friday evening after being kept in captivity for nearly six days.
Layek, a Block Development Officer in Jharkhand's Dalbhumgarh, is now back with his family ending a six-day ordeal at the hands of Maoists abductors.
CNN-IBN has learnt that the Jharkhand government gave in to arm-twisting by the Maoists to secure his release.
He was released at the Jharkhand Orissa border in the presence of a local media person. The police then took him to his family.
"They (Maoist) told me that their demands have been accepted and so they are releasing," said Layek.
But what really prompted the change of heart by the Maoists?
Jharkhand Home Secretary JB Tubid has denied there was any deal involved.
But sources have told CNN-IBN that the state government paid the Maoists Rs 30 lakh and promised to free 14 Maoist suspects from jail in exchange for the release of the BDO.
Though on record the government says the prisoners are being released on legal grounds.
"We are examining the cases of those who have been arrested," said Tubid.
It's time for Layek's family to celebrate, but the policy makers are certainly not rejoicing, especially seeing the way government succumbed to the Maoists' arm twisting methods.
It has also set a precedent, which will severely dent the tempo of anti-Maoist operations throughout the country.
But the man who heads the anti-Maoist operation in Jharkhand is more concerned about the happiness of his political masters
"The Chief Minister was very upset following the BDO's abduction. Now he is happy. It is very good news that the BDO has been released," said Jharkhand DGP Neyaz Ahmad.
The release of the prisoners will give some breathing space to Jharkhand Chief Minister Shibu Soren.
But the way the entire state administration capitulated will set back the anti-Maoist fight in the state by a long way.
(With inputs from Jaishankar Kumar)
http://ibnlive.in.com/news/jharkhand-govt-bows-before-maoists-gets-bdo-freed/110425-3.html?from=tn20/02/2010
Pre-marital sex: Rural youth more active
New Delhi: Rural youth have more pre-marital sex than their urban counterparts. The less educated are more likely to cast their vote and India's youth is ill-prepared for employment in a globalised economy. It is information like this that the government hopes will help it understand the `vulnerability' facing the nation's youth.
In a first of its kind study, researchers and policy makers have tracked key phases in a person's life, especially concerning health, marriage, civic participation, pre-marital sexual activity and work force participation. The consolidated data of the study -- conducted in six states -- will be launched by Health Minister Ghulam Nabi Azad.
Youth in India: Situation and Needs is the first `sub-nationally representative' study undertaken by the government to track key transitions experienced by young people in six states in India. The study was conducted in 2006-07, with the sample size ranging from 10,002 in Rajasthan to 7,996 in Tamil Nadu.
The objectives of this project are to provide evidence at the state level on the magnitude and patterns of sexual and reproductive practices in and outside of marriage. The exercise is aimed at giving more knowledge about decision-making practices and attitudes amongst the youth.
Lastly, helping the policy makers understand key factors underlying the sexual and reproductive health, knowledge, attitudes and life choices of young people thereby en- abling them to make policies with lesser margin for error.
The study has been undertaken by the International Institute for Population Sciences, Mumbai and the Population Council, New Delhi. The project aims to in- crease the government's investment in youth centric issues and was conducted in Andhra Pradesh, Bihar, Rajasthan, Tamil Nadu, Jharkhand and Maharashtra.
Source: The Indian Express
The Tide Has Changed - Gilad Atzmon
DateFriday, February 19, 2010
....If Britain was collaborating with Israel at any level, we better know it all, we better find out whether it was a person or a body within the Government or the intelligence, or just an ordinary sayan* in the Home Office or any other government office. If there was British collaboration, we better identify what it was exactly, who decided to serve Israeli murderous interests in our midst. We also better find out who in Britain decided to put British interests and British security in the Arab world at enormous risk.
To read more:
http://click.icptrack.com/icp/relay.php?r=37079379&msgid=509966&act=WKZT&c=283016&destination=http%3A%2F%2Fwww.gilad.co.uk%2Fwritings%2Fthe-tide-has-changed-gilad-atzmon.html
WHY WE BELIEVE ONLY FALSEHOOD?
Brahminical mediacracy deceives us through Big Lies
Do you know the one single greatest achievement of the Brahminical mediacracy, the mind manipulating machine, the "national" toilet papers and their TV Twins, in the past 63 years since "independence"? Making the people believe the Big Lies. And also see that mass deception succeeds against the Stark Truth.
This is not an ordinary achievement. The mere 3% Brahminical rulers, and their bum-lickers and shit-eaters have invested billions and billions of rupees to achieve their goal.
Why propaganda triumphs truth? Why Big Lies win —but little lies fail?
Myth of the Mahatma: The biggest and the most dangerous lie is Gandhi is Mahatma. But the Father of India, Dr. Ambedkar, told us the Truth that Gandhi is our Enemy No.1. Gandhi is the one man who deceived Dalits, Tribals, OBCs, Muslims, Christians, Sikhs (85%). The whole country. But we did not believe our own Father but fell for the falsehood. We believed the Big Lie. See how powerful is the Big Lie.
Dr. Babasaheb Ambedkar spoke the Truth. But we believed Gandhi's Big Lie.
Butcher of Bengal: Our enemy oppressor said yet (latest) another Big Lie that Jyoti Basu, who died recently, was the "liberator of Bengal" but the Truth is that he was the "Butcher of Bengal". The entire oppressed underdogs of Bengal, SC/ST/BCs and Muslims, know that they have been totally impoverished, reduced to skin and bones in the past 30 years. During this period the 3 tiny castes: Brahmin, Baidya and Kayasths (Bhadralok) became fatter and stronger — thanks to Jyoti Basu and the Communist Party he led as the Chief Minister. This is the Big Lie.
Double life of Jyoti Basu: Jyoti Basu was anything but a communist. This Kayasth autocrat lived like a prince and preached like a priest with not a trace of marxism in him — promoting his son into a multi-millionaire while mouthing marxist mantra. His double life is very well exposed by a noted Bengali woman writer (TOI Jan.24, 2010) saying he was essentially a "suave lady's man". He handed over Calcutta to Marwadis and ultimately made Calcutta a "dead city". (p.27)
But who flocked to the funeral of the "Butcher of Bengal"? The very people, SC/ST/BCs and Muslims, whom he made into walking skeletons.
But by the time the facts becomes clear, the innocent masses, emotionally wedded to the beliefs planted by the big propaganda machine, find it extremely difficult to free themselves. See the power of the Big Lies.
This is called the belief system which the Brahmins promoted to keep the masses in ever lasting thrall.
It is true the ruling Brahminical class (15%) has a big mouth: TV and its toilet papers. But we have none. What can the feeble Dalit Voice do against the bombarding Brahminical big mouth?
That is how truth-tellers like Dr. Ambedkar and Dalit Voice go unheeded. It is more comfortable to praise and pamper the liars whom the truth-tellers expose.
Rahul's "love" for Dalits: Look at the other Big Lie that Rahul Gandhi has fallen in love with Dalits and he is weeping and dying for Dalits. How systematically the Brahminical Big Lie is being built up. Look at the Big Lie that Indian economy is soaring, jumping, smiling and reaching sky-high. Look at the other Big Lie that a visit to Kashi Viswanath Temple and dip in the "Holy Ganga" will straight away take you to heavens. Look at the other Big Lie that Hinduism is the world's only religion that believes in total non-violence. All bullshit. And we eat it.
The psychology of belief retention, even when those beliefs are downright false and totally wrong, is a pillar of social cohesion and stability. Belief retention prevents recognition of facts.
We never believed Dr. Ambedkar: How did the A.B. Vajpayee Govt. fall despite all its multi-million dollar "India smiling" publicity blitz?
Gandhi went about fooling those willing to be fooled. The only one person in the whole of India who exposed this "naked fakir" was Dr. Ambedkar. We have written four books on the Gujarati Bania fraudster. Even when the very Brahminists who carried him on their heads, reaped the richest harvest and finally they only shot him dead, we never believed the country's greatest son but got fooled by the Big Lies of the Brahminists. Babasaheb had given us all the evidences of the frauds of the Gujarati Bania. But his truth-telling did not reach the people. The Brahminical toilet papers, radio and TV succeeded in mass hypnotism and our people fell flat.
Falsehood on Bombay terrorist attack: Even when clear evidences were available that the CST (Victoria Terminus)-Cama Hospital sector part of the Bombay terrorist act of 2008 was the handiwork of the Brahminists in the IB, people are not believing it. May be the Brahminical media blacked out the truth. But even highly educated people among us still do not know that this part of the attack was not done by the Pak terrorists but Brahminical terrorists to eliminate the police officer Karkare who had hauled up the Brahmin terrorists.
The crux of the problem is we the educated among the oppressed sections refuse to think, analyse and get at the Truth. We have lost the capacity to judge the relative merits of the arguments.
Role of Hindu religion: The principal cause of our people losing the power to think, judge and decide is the opium "Hindu religion" that has converted us into monkeys. Though Hinduism is not a religion but a hypnotic humbug, it destroys our very thinking capacity. Every person is born rational but Hinduism kills our brain power and makes us monkeys.
Today's youth, even the non-Hindu Muslim, Christian, Sikh, have already become victims of this belief system — so effectively constructed by the cinema, media, TV and such other mass manipulating devices.
The Govt. of India has enormous money. It recently invited the Bangladesh PM and gave her millions of dollars cash gift. Enormous money is spent on the ruling class entertainment. But it has no money to remove poverty, illiteracy, disease, prostitution, child beggars and more than anything devastation in the agriculture sector.
What is happening in Australia: Honest intellectuals are laughed at. Frauds are paraded. Big Lies are believed but Sacred Truths are brushed aside. To that extent India is corrupted and corroded to the core.
This is because the Truth is never believed. That is how we are made to believe that Muslims are terrorists, Pakistan is a terrorist state, Kashmiris are separatists, Dalits have no merit, the Christian job is conversion. We are made to believe only in falsehood. That is how over 85% of the country is ruled by a mere 15% of the upper castes.
We have discussed with university professors, scientists at premier scientific institutions. We are sorry to confess that they don't believe in facts. They believe only in fiction.
This country has lost its thinking capacity. That is how India became the laughing stock wherever Indians go. See what is happening in Australia.
62 years of achievement: The ability to follow the Truth and Justice wherever it may lead is almost non-existent.
This is our achievement at the end of 62 years of "independence". Out of the 182 countries in the world we occupy the 134th place. Jai Ho..
This is the cause of India's fall and fall — our country's prestige and world leadership are forever damaged — doomed. Nay. India has become the laughing stock of the world. From the Third World, we have sunk to the Fourth World — thanks to 62 years of Brahminical misrule.
Otherwise how can a fellow who can't win the lowliest of the low panchayat election can remain as the country's PM for two terms? Is there any parallel to this in the whole world?
Commonwealth Games: You can test the truth of our statement in the coming Commonwealth Games in Delhi which will be a big flop. Take it from us. Already the country's madcaps have started an agitation that beef, the most nutritious food, should not be served to sports persons at the Games. While beef is the costliest, the most delicious and the healthiest meat the world over, India's micro-minority Brahminical rulers have banned it depriving the principal food of SC/ST/Muslim/Christians who form over 50% of the country's population.
Look at our so-called Indian democracy where the people are not allowed to eat their own food. The rulers have "convinced" the victims that cow is our mother (gomata). We could have simply defied this ban but it does not occur to the victims. The slaves are enjoying their slavery— because of the Big Lie.
Hoax of Indian elections: Upper caste rulers boast about "India's great democratic values". The basis for their boast is the govt. regularly holds elections — parliament, state assemblies etc. But did it ever occur to us that elections alone do not constitute a democracy? What is the use of this democracy which does not assure the right to life – forget the right to food, clothing, shelter? Yes. The Indian bogus democracy has assured the millions of people the right to beg.
China has no regular elections like India but it has better democracy. That is how China has become the world's No.2 power while India is sinking year after year.
But we the deprived destitutes believe the falsehood even as we are suffering. This is the power of the Big Lie.
India's selfish Brahminical elite are able to bluff us through and through with their monopoly on the media which is mentally killing us before physically finishing us. Amen.
http://www.dalitvoice.org/Templates/feb_a2010/editorial.htm
The Reserve Bank of India cannot target inflation as transmission of monetary policy is muted in the country, its governor said on Tuesday.While Rs. Four Lac Fifteen Crore Stimulus continues as Subsidies for the Masses have to be wiped out, Brahmin Economists and Media die to see Economic Ethnic Cleansing Agenda accomplished. Even die hard Mamat supporter Anand
Bazaar patrika highlights Crocodyle Tears of Ms Banerjee as she seems to Obstruct Economic Reforms. We NEVER know how far Mamata may go with the Genocide culture of UPA as we never doubt her Integrity!
"If monetary policy transmission is muted like in India as some interest rates are administered, we can't be targeting inflation," Duvvuri Subbarao told reporters on the sidelines of an event in Mumbai.
He added it was difficult for monetary policy to attack supply-side driven inflation.
UN climate panel chief Yvo de Boer Thursday announced that he is quitting!PM's special envoy on climate change Shyam Saran to quit!Student attempts self-immolation over Telangana issue!The way ordinary people are turning up in villages to demand Telangana clearly shows the emotional nature of the issue! It is calassical case of Ethnonationalism in Free Market Democracy US Version!Congress put telangana in its agenda in 2004 elections knowing that it cannot win without the support of trs.YSR did not utter a word against telangana till the elections were over in telangana 2009.Backwardness,betrayal by seemandhra politicians, cultural differences,colonialization of telangana,disrespect towards telangana culture have led to the demand of separate state.After a record sale of 200 tonnes of gold to the Reserve Bank of India, the International Monetary Fund (IMF) is now planning to put another 191.3 tonnes on the gold market to raise funds for low-income countries.
Student protests over the Telangana issue in Hyderabad on Saturday took a tragic turn with one of them attempting self-immolation even as unprecedented security measures foiled plans by students to lay siege to the state assembly.
Rumours of his unhappiness and impending departure had been swirling around the Capital even before last December's Copenhagen summit but Shyam Saran finally decided to call it quits on Friday.
Days before foreign secretary level talks between India and Pakistan -- scheduled for February 25 -- home minister P Chidambaram said all pending issues related to the Mumbai terror attacks investigation would be raised by India.
Vishwanath Hariharan writes rightly:
"There was no Telengana Demand. "- Only a political illiterate will say this.As there were agitations in 1969,1996 , TRS was formed in 2000.
:"Telengana itself is backward naturally."-Another Illiterate comment.
Telangana region Andhra Pradesh is situated in the central stretch of the eastern seaboard of the Indian Peninsula. The river Godavari is flowing on the North and the river Krishna is flowing on the South. 69% of Krishna River and 79% of Godavari River catchment area is in Telangana. Apart from the major rivers, there are other small rivers such as Manair, Bhima, Dindi, Kinnerasani, Manjeera, Munneru, Moosi, Penganga, Praanahita, and Peddavagu and Taliperu.
Forests: 45% of the forest area in the state is in Telangana region spread across five districts.
Coal: 20% of the coal deposits in the country is in Telangana region. Singareni Collaries excavate Coal and used it for industrial purposes and for thermal power stations. The coal supplied from this region, and the power produced is supplied to entire south india.
Limestones: There are limestone deposits in the region, which cater to cement factories in the region. Telangana also has got other resources like bauxite, and mica.
Telangana is the only region to have produced primeminester from SouthInida(full term).The NaiduGaru whom you are talking about will have be reborn again if at all he has to become the PrimeMinister.
The recommendations of Girglani commission(appointed by Govt) were not implemented till now.All the agreements meant to safe guard the interests of telangana are broken.
Official sources said Saran, who was first appointed as special envoy on the Indo-US nuclear deal and later on climate change, would leave the Prime Minister's office on Mar 14.
"Saran will be leaving the office on Mar 14," a PMO source said.
However, no reasons were given for his decision which comes more than a fortnight after another foreign service official, Shiv Shankar Menon, was appointed the National Security Adviser.
Both were Foreign Secretaries and had retired. While Menon retired late last year, Saran had retired three years before that.
While Menon was given the rank of Minister of State following his appointment as NSA, there were reports last week that Saran would also get a similar status.
United Nations Framework Convention on Climate Change (UNFCCC) Executive Secretary de Boer announced that he will leave the high-profile post July 1, a UNFCCC spokesperson said.
He will join the consultancy group KPMG as global adviser on climate and sustainability, plus work with a number of universities.
The high-profile UN climate chief said he was announcing his decision early so that UN Secretary General Ban Ki-moon has plenty of time to appoint a successor in a year crucial to global negotiations.
De Boer, who has led UNFCCC since September 2006, has worked through a period when global warming has been more in the news than ever before - partly because of the adverse effects of climate change that are showing already, but more because countries have still not agreed on a global compact to fight climate change, despite high-profile summits in Bali (2007) and Copenhagen (2009).
Prime Minister Manmohan Singh, who has succeeded in getting his government address the issue of fertiliser subsidy, is now struggling
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Ms Mamata Banerjee, who threw a tantrum and later resorted to a dose of melodrama at Thursday's Cabinet meeting, has not given up her demand for funds from the central kitty to finance her populist promises in the forthcoming railway budget. Although finance minister Pranab Mukherjee was firm on his stand that railways should mobilise inhouse resources for her pet projects, the minister forced the Cabinet to accept her projects at least on paper. What is really angering many in the government is her insistence of Rs 100 crore for a railway television channel — something on the lines of Lok Sabha channel started by her bete noire Somnath Chatterjee and watched by journalists who cannot make it to the press gallery during proceedings.
A miffed Congress on Friday told reporters , of course off-the-record , that allies should be mindful of the financial constraints of the government. A Congress leader said populism can only make funds scarce for important development schemes and social sector programmes. But Ms Banerjee is unlikely to pay heed to economically sound advice as her immediate priority is flaunting a "Santa" image to the West Bengal electorate.
On its part, Congress on Friday came out strongly in support of the prime minister's decision to cut wasteful expenditure. "The decision on fertiliser subsidy will result in a saving of Rs 45,000 crore. In the long run, it will help in raising agricultural productivity as farmers will opt for nutrient-based fertilisers," said Congress spokesman Abhishek Manu Singhvi. "The price of urea has been kept at the same level for eight years. That's not sustainable ," he added.
Another Congress leader said the savings from the fertiliser subsidy will bring down the budget deficit and that would provide a downward pressure on prices. "It will also promote an efficient usage of fertilisers," he said.
Meanwhile,The students' protest over the Telangana issue in Hyderabad, india, Saturday took a tragic turn with a one of them attempting self-immolation.
S. Yadaiah, a student of intermediate second year, set himself ablaze at the main entrance of Osmania University as police had prevented students from marching towards the state assembly to lay a siege demanding resignation of all elected representatives of Telangana region.
The youth, a student of Noble College in the city, poured kerosene, set himself ablaze and tried to run towards the police barricade. He suffered serious burn injuries and was taken to a hospital.
In a suicide note, he wrote that he was taking the extreme step to protest the delay in formation of Telangana state.
The incident heightened tension at Osmania University, the hotbed of Telangana movement, as hundreds of students clashed with police and paramilitary forces.
Earlier, high tension prevailed at the Osmania University campus here on Saturday as hundreds of students began a march towards the state assembly over the Telangana issue even as police tightened security, closed several roads to traffic and cancelled local trains to foil their plan.
Violating prohibitory orders, the students began the rally at Arts College on the university campus but were stopped by the police at Vidyanagar, just outside the campus and about 15 km from the Assembly building.
Raising slogans of "Jai Telangana" amid drumbeats, the students tried to force their way through several barricades.
Over 1,000 students had planned to lay siege to the assembly, demanding the resignation of all elected representatives from Telangana over the demand for separate statehood.
The students damaged window panes of vice chancellor Tirupati Rao's car when he tried to persuade them not to take out a rally. Rao advised students to hold a peaceful protest within the campus.
Nizam College near the Assembly complex was also tense as police closed the gates of the college and hostel to prevent students from coming out. A similar situation prevailed at City College in the old city where students were prevented from taking out a rally by police.
All roads leading to the assembly complex in the heart of the city and routes out of Osmania University were sealed by police, at least five flyovers were closed and restrictions were imposed across the city. The university is considered the hotbed of the Telangana movement.
Unprecedented security was in place as 20,000 personnel from police and paramilitary forces were deployed and prohibitory orders were imposed in Hyderabad and Cyberabad police commissionerates.
The police have declared "illegal" the proposed rally by the Joint Action Committee (JAC) of the Osmania University students to the assembly. The JAC is demanding the resignation of all elected representatives from Telangana to force the central government to immediately initiate the process for the formation of a separate Telangana state to be carved out of Andhra Pradesh.
All roads in a three-kilometre radius around the assembly building wore a deserted look.
Only vehicles of police, ministers, legislators and mediapersons were seen plying on the roads.
The assembly session began at 9 a.m. and Chief Minister K. Rosaiah is to present the budget in the afternoon.
Hyderabad Police Commissioner A.K. Khan told reporters that anybody violating the law would be dealt with strongly. He appealed to students from other districts not to come to Hyderabad for the rally.
Police erected barricades on roads connecting the city to other Telangana districts. Authorities also stopped several trains on the Hyderabad-Warangal route, apparently to prevent students of Warangal's Kakatiya University from reaching Hyderabad. Police, however, claimed that trains were stopped after a bomb threat.
South Central Railway cancelled almost all MMTS local trains in the twin cities of Hyderabad and Secunderabad.
The traffic restrictions across the city caused severe inconvenience to people. School and college students and office-goers had a tough time as the diversion of vehicles caused traffic jams at several points.
Besides deployment of the entire 10,000-strong city police force, an equal number of security personnel from other parts of the state, neighbouring states and paramilitary forces were mobilised.
Mamta Banerjee's populist posturing
Prime minister Manmohan Singh, who has been successful in getting the issue of fertiliser subsidy addressed, is now making an attempt to get Tirnamool Congress around on the pitfalls of unbridled populism.
Banerjee has not yet yielded on her demand for funds from the central kitty to finance her populist promises in the forthcoming railway budget and although finance minister Pranab Mukherjee remained firm on his stand that the railways mobilise inhouse resources for the pet project, Banerjee has been able to force the cabinet to accept her projects on paper.
What has really upset many in the government is her demand of Rs100 crore for a railway television channel on the lines of the Lok Sabha channel started by Somnath Chatterjee which allows journalists who cannot make it to the press gallery, view proceedings in parliament on the small screen.
Meanwhile, Mukherjee is understood to have ticked off Banerjee on her insistence on a populist railway budget minus fare rise. Matters had reached a flash point when the proposal to change the subsidy regime for fertilisers was taken up for discussion according to observers.
Mukherjee had apparently sought to expose Banerjee's doublespeak as she had been seeking public-private participation in the railways. He said that while she was rooting for reform in her ministry she was opposing it in other areas of the government.
However, analysts say the feisty minister is giving the UPA jitters and as someone who aspires to be the next CM of Bengal, Congress leaders are of the opinion that she was not likely to help the government push 'unpopular decisions' like fare hike in railways even as she continued to add to the burden with new projects. According to some Congress leaders the railway budget would be populist.
PC writes to Bihar, WB and Jharkhand CMs on naxal menace
New Delhi Concerned over the rising Maoists rampage, Home Minister P Chidambaram has written to Chief Ministers of Bihar, Jharkhand and West Bengal inviting them for a meeting in Delhi to be assured that they are "on the same page" with the Centre before the launch of inter-state operations against the Naxals.In letters written to Bihar Chief Minister Nitish Kumar and Jharkhand Chief Minister Shibhu Soren, both of whom skipped a meeting in Kolkata on Feb 9, and to their West Bengal counterpart Buddhadeb Bhattacharjee, Chidambaram has said that the Central government has reached some "tentative conclusions" on tackling the menace.
"You will kindly appreciate that before the tentative conclusions are translated into decisions and implemented, it is necessary to be assured that the Governments of both West Bengal and Jharkhand fully endorse the plan," he said in his letter to Bhattacharjee, copies of which have been accessed.
West Bengal witnessed the worst attack by Maoists from Jharkhand on a police camp (Eastern Frontier Rifles) at Silda in West Midnapore early this week in which 24 jawans were killed. In the other attack during the week, Maoists killed 11 villagers in Kodasi Phulwaria village in Jamui District in Bihar.
Sources close to Chidambaram said for the BJP, which took a tough stand on Naxalism in its National Council meeting in Indore and is a partner in the governments in Bihar and Jharkhand, it is an acid test--whether it will enforce a tough line or would toe the perceived "soft line" by the dominant partners in the two states.
In Jharkhand too, the naxalites are on the rampage. A few days ago they kidnapped a revenue official who was released yesterday after extracting a price from the state government.
In the Feb 9 meeting, Bihar was represented by its Home Secretary and the DGP while Jharkhand deputed its two deputy Chief Ministers and senior officers. Both the states presented their cases and sought more para-military forces and other assistance from the Centre.
The Naxal Management Division of the Union Home Ministry examined the plans of the two states and is said to be ready with its response. However, the sources said, Chidambaram wants to be reassured that the two Chief Ministers fully endorse the plans presented by their officials and are on the same page as the Central Government.
He is said to be of the feeling that without a clear commitment by the two Chief Ministers it would not be possible to implement the plans for inter-state operations.
In his letter to Bhatacharjee, he has requested him to visit Delhi once the date of the visit of the Jharkhand Chief Minister is finalised. In his letter to Kumar, Chidmbaram expressed his deep sense of shock and grief over the attack by Maoists in Jamui district.
"It is regrettable that the attack could not be thwarted despite specific intelligence shared by the Central agencies with the Additional Director General of Police (Special Branch), Bihar," he said.
The Home Minister recalled that Kumar had expressed his inability to attend the Kolkata meeting, which was convened mainly to discuss inter-state operations.
"Your officers presented a case for inter-state operations on the Bihar-Jharkhand border. They also sought additional Central forces and other assistance for intra-state operations in Bihar. We have since examined these requests and reached certain tentative conclusions.
"You will kindly appreciate that before the tentative conclusions are translated into decisions and implemented, it is necessary to be assured that your government fully endorses the plan presented by the Home Secretary/DGP of Bihar.
"It is also necessary to be assured that the State Governments (of Bihar and Jharkhand) and the Central are on the same page before commencing the inter-state operations on Bihar-Jharkhand border.
"Hence, I invite you to visit Delhi with your senior officers as early as possible so that we may follow up on the Kolkata meeting and formulate a plan of action," the Minister said.
Gadkari plea to Muslims an insult to kar sevaks: Sena
Mumbai In a fresh rift with its NDA ally, Shiv Sena on Saturday flayed BJP chief Nitin Gadkari for his appeal to Muslims to adopt a "generous" attitude on the Ram temple issue, saying it was an insult to hundreds of kar sevaks who became "martyrs" in the movement."Appealing to Muslims (to help in building Ram temple) is an insult to hundreds of kar sevaks who became martyrs during the Ram temple agitation," Sena chief Bal Thackeray said in an editorial in party mouthpiece 'Saamana'.
He made a "sincere appeal" to BJP that it should stick to the Hindutva ideology.
"The Prime Minister of this country says Muslims have the first right over India's resources and 80 crore Hindus tolerate it meekly. Muslims have everything and Hindus don't even have their Ram temple. Things have come to such a level that Hindus have to plead to Muslims (to allow Ram temple)," Thackeray said.
"Gadkari has appealed to Muslims. Exactly to whom has he appealed because the leadership of radical and jehadi Muslims is no longer in India but in Pakistan, where terror outfits wield the remote, dictating Muslims in India what to do and how to behave," the Sena chief, who belongs to Gadkari's home state, said.
Thackeray asked "If permission of Muslims is to be sought for building the Ram temple, why was the temple agitation launched in the first place?"
"Hindus could have fallen at the feet of the Imam of Jama Masjid and got a piece of land for Ram temple. It was easily possible. But Hindus have shed blood for the Ram temple," he said.
Govt won't let education become business: Sibal
The Centre will check commercialisation of education and seek consensus among states to implement the Right to Education (RTE) Act from April 1, said Human Resource Development (HRD) Minister Kapil Sibal on Saturday.
"Our aim is to ensure that all children in India get quality education, but we are against commercialisation of education. Incessant hike of fee and overcharging from parents is something we do not support," Sibal told reporters in New Delhi.
In order to implement the RTE Act in its true spirit, the minister said, he will hold meetings with various state governments.
"I will talk to every state government on issues regarding implementation of the RTE Act from April 1. I will be meeting Delhi Chief Minister Sheila Diskhit Monday regarding the same," he said.
Sibal said implementation of certain provisions of the act might be difficult and, hence, it was important to meet various state heads and discuss the same.
"For example, the RTE Act says that schools should have playgrounds. In schools in urban areas, there may not be enough space for a playground. The RTE also says that there should be a 25 percent reservation in private schools for poor kids, but do the states have the data and information about who these kids will be," Sibal said.
The minister said the aim of the RTE Act was not to further sideline poor and marginalised children. Therefore, shutting down of unrecognised, neighbourhood schools was not an option.
"We don't want to close down marginalised, unrecognised schools for poor kids because our aim is not to marginalise these kids any more. In fact these schools should be protected. We will, therefore, encourage them to implement the guidelines of the RTE Act and will give them three years' time to do so," Sibal said.
He also said wherever the state law and the RTE law were in conflict, the RTE Act will prevail.
"Each state has its own laws and we will be requesting them to bring their laws in conformity with the RTE. In cases where the state law and the RTE law are in conflict, the RTE will prevail and where there is no conflict, the state law will," he said.
20/02/2010
A rising India will be important, influential friend: US
Chicago: As India's economy grows and its stature rises, it will be an increasingly important, and influential friend of the United States, buttressed in part by strong people to people ties, says a senior US official.
"Few relationships around the world matter more to our collective future, or hold greater promise for constructive action on the challenges that matter most to all of us, than the partnership between the United States and India," Assistant Secretary of State Robert O. Blake said.
"That doesn't mean that we will always agree, because we won't," he said addressing the Chicago Council on Global Affairs Friday.
"But together we can build on the solid foundation that already exists, an even stronger partnership that serves not only the interests of our two countries, but of the rest of the international community."
Noting that President Barack Obama had called India "an indispensable nation" during Prime minister Manmohan Singh's state visit last November, he said Obama "had further underscored the importance of India to the United States by promising to make a reciprocal visit to India, most likely later this year."
"We see a country where increasingly convergent values and interests have allowed us to forge a strategic friendship that benefits both Indians and Americans," Blake said noting, "Both countries believe we now have a unique opportunity to make progress on our broad bilateral agenda."
As Manmohan Singh and Obama acknowledged that their relationship should have a greater focus on working together to improve agriculture, the first US-India Agriculture Dialogue meeting is expected within a few months in New Delhi to explore in detail how to move these initiatives forward.
Defence sales are also of great interest to American companies, Blake said taking note of some very important defence sales just in the last year or two of C-130Js and P-8 maritime patrol aircraft.
- Posted: Sat, Feb 20 2010. 4:00 AM IST
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Why Taslima should stay
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In a country where creative controversies too often turn into law and order fiascos, India's refusal to renew Taslima Nasreen's residence permit is understandable. And at a time when India's relations with Bangladesh are on the upswing, the government may be viewing Nasreen as simply too much political liability.
In this trade-off between individual freedom and state interest, we seem to have forgotten that the chaos that results from a clash of ideas is essentially a manifestation of a democracy coming to terms with its pluralist image, and is a necessary phase in its evolution.
Throwing Nasreen out would be the easy solution. But it won't put controversies to rest, nor would it soften our overblown reaction to them. Relations with Bangladesh notwithstanding, what India needs instead is an effective way of engaging with these issues. That would not only further its political capital as one of the true liberal democracies in the region, but also go a long way in building an inherent, mature framework of tolerance.
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The Interim Budget of 1946 was prepared at 8 Tilak Marg, then home of Liaquat Ali Khan. Market News
We are aware historically that pre-budget there has always been a correction.Expectations
FM has the tough task of boosting purchasing power in the hands of the common man. Experts Speak
FM is faced with serious issues vis-a-vis the fiscal state of the economy. Tax
A house can also be used to reduce the tax liability to a certain extent.Insurance
Insurance cos invested Rs 34K cr so far this year and expect another $4 bn of premium income by March.Construction
India's two largest cement groupings are fighting it out for the top slot. Urban Development
As realty sector is abuzz with action, developers are hiking prices across housing segments.News of the day
Growth hinges on farm output revival
Asit Ranjan Mishra, asit.m@livemint.com
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Arevival in farm output in the next fiscal will help the Indian economy move closer to the growth rate it clocked in the boom years, even though financial market instability and rising prices could pose significant threats to growth, the Prime Minister's economic advisory council (EAC) said on Friday.
The economists' panel also called for a gradual withdrawal of the fiscal and monetary stimulus that has helped the Indian economy weather the global economic storm.
The government will announce its annual Budget on 26 February and the Reserve Bank of India (RBI) is expected to announce its next interest rate move at the end of April.
The advisory council expects the economy to grow at 8.2% in the next fiscal and may return to its trend growth rate of 9% by 2011-12. The Central Statistical Organisation (CSO) has estimated economic growth of 7.2% in the current fiscal.
EAC's growth forecast for the next fiscal hinges on a revival in farm output, which is expected to grow at 5% compared with the estimated 0.2% contraction in the current fiscal, assuming a normal monsoon this year.
However, it has projected only marginal improvement in growth in both industry and services in the next fiscal over the current year. In 2010-11, industry and services sectors are expected to grow at 8.7% and 8.8%, respectively, compared with 8.6% and 8.7% growth estimates for the current fiscal.
However, EAC fears that the spread of food price inflation into the general price level might occur in 2010-11, if inflationary expectations are not managed properly. It also said that high volatility in financial markets and weakness in major currencies have encouraged investors to hedge their bets by investing in commodities.
"India and China, as well as several other developing countries are showing strong signs of growth and their elevated domestic demand in combination with unsettled financial conditions has the potential of causing commodity prices to rise further," the council said in its report.
Holding that high food inflation is a cause for concern, EAC chairman C. Rangarajan said the government should ensure that food prices are brought under control. "For this, advanced planning for timely import (of food items) and supplementary distribution channel along with the public distribution system is needed," Rangarajan said. However, he hoped that food prices would moderate within the next two-three months.
The council maintained that the India economy has rebounded from the global crisis and is now operating under vastly improved circumstances that can be considered to be "normal". This necessitates that monetary policy revert to a more "neutral" stance from the excessively accommodative position it had adopted in response to the economic crisis, it said. "Further action by RBI will depend on credit growth, liquidity situation as well as price situation," Rangarajan said while releasing the council's report.
EAC asked the Union government to begin fiscal consolidation in the coming Budget in order to ensure fiscal sustainability, enable greater flexibility in monetary policy calibration, contain interest payments and to avoid an upward pressure on interest rates. However, it maintained that as more pressure on the government exchequer has come from increase in expenditures than from tax cuts, corrective measure must focus on adjusting revenue expenditure.
The council maintained that with adequate fiscal adjustment, it would not be difficult to reduce the Centre's fiscal deficit by 1-1.5% in 2010-11, without any adverse impact on economic growth.
"We should strike a balance between the need for growth and fiscal consolidation. Fiscal deficit between 5.3% and 5.8% would meet both ends," Rangarajan said.
EAC also spoke of the need to unify the threshold and rate structure of Cenvat (Central value-added tax) and services tax to introduce the proposed goods and services tax (GST) at the Central level.
Rangarajan said some duty hike is desirable (in the Budget). "We can use this opportunity for transition towards GST," he said.
M. Govinda Rao, a member of EAC, said that both rates could be unified at 10%.
To fast-track the introduction of GST, the council recommended that the Union government should immediately put in place a centralized agency to track inter-state transactions, and function as a clearing house. "This will also help in the computerized information system for central GST," it said.
http://www.livemint.com/2010/02/19213517/Why-Taslima-should-stay.html?atype=tp
20/02/2010
Dalai Lama hails India's democracy
Washington: Honoured with the prestigious Democracy Service Medal, the Dalai Lama has hailed India's democracy, saying very unlike China it gives space for everyone to express their views.
"I found big difference between Indian and Chinese parliaments," said the Tibetan spiritual leader as he received the award in recognition of his commitment to advancing the principles of democracy and human dignity at the Library of Congress Friday.
"In Chinese parliament there is too much silence and in Indian parliament there is too much noise," quipped the Dalai Lama, who has lived in exile in India since 1959 when he fled his homeland after a failed uprising against Chinese rule.
The Dalai Lama received the award instituted by the National Endowment for Democracy (NED) a day after President Barack Obama received him at the White House brushing aside Chinese warnings to spark a political row with Beijing.
Reiterating his personal commitment towards promotion of human values and democratic rights of the people world over, the Dalai Lama said: "Change must come through people. Protection of individual human rights is very important for the development of the society."
Talking about his experience of democracy in India, the Tibetan leader recalled, "there was a big difference between Nehru and Acharya Kripalani on the Tibetan issue."
Then prime minister Jawaharlal Nehru was against raising the Tibetan issue at United Nations, while Praja Socialist Party leader Kripalani favoured it, he said.
"This is democracy," he said noting democracy is defined by the right to free expression.
Source: IANS
DEVIL'S ADVOCATE | KAPIL SIBAL
Education reform will be for all Indians: Sibal
Karan Thapar / CNN-IBN
How does Union Human Resources Development Minister Kapil Sibal respond to the criticisms of his educational reforms? Karan Thapar asked him on Devil's Advocate.
Karan Thapar: Minister, on June 25, at your press conference, did you throw up ideas for public debate or did you announce decisions taken by the Government?
Kapil Sibal: The press release that day suggested that there were some issues which were merely ideas; there were some that were decisions; there were some which were initiatives of policy and there were decisions initiatives and legislations.
Unfortunately, the press misinterpreted all that by terming all I said as decisions.
Karan Thapar: So just to clarify, because there has been an impression created both on television and papers that everything you announced is a decision to which the Government is committed, you are now saying to me that some of the things were decisions, others were ideas for discussions and yet others were ideas for exploration.
*
Detraumatise education in India , says Sibal
Kapil Sibal: Absolutely and that is reflected in the press release itself. It was a written press release explaining which idea was for discussion, which for exploration and which one was a decision.
Karan Thapar: One of the reasons why there was confusion was that at the same time, you made it clear that these were your ministry's agenda for the first 100 days. Can an agenda consist of things that are not decisions?
Kapil Sibal: Absolutely. A Government functions by putting ideas and issues in the public domain through the ministry and then the minister comes and says this is my 100-day agenda, I would like some of these things to be discussed but some of these things I am doing anyway. This is how public discussions and debate take place in a democracy.
Karan Thapar: So when a minister comes and says that theses are the things I am putting in the public domain, I'd like them discussed; are you also saying to me that you are open not just to public debate but listening to what the public says and adding, amending, altering so of your ideas accordingly?
Kapil Sibal: Absolutely. These things evolve when we put them out. One should understand that we did a lot of work, which means that a lot of public discussion has already gone into this.
Karan Thapar: But that is inside your ministry, among your ministry officials.
Kapil Sibal: Take for example, the National Curriculum Framework of 2005. In that itself there was a huge process of public interaction before the framework was put in place, so there is a public framework already in place. So, if I am trying to take that forward, there is still public discussion and I am ready to listen to that.
Karan Thapar: So when you say you are willing to listen to the public it means that many of the ideas that you threw up can be amended or altered with public debate?
Kapil Sibal: Yes, it should be. That is what a democracy is all about.
Karan Thapar: So, it is possible that some of the ideas which you threw up may not happen because the public debate may overtake it.
Kapil Sibal: Of course, it is in the domain of the possibility but at the same time when I have put these ideas in the public domain there is my initial prima facie conclusion that these are good for my country, these educational reforms are required.
But if there is a public outcry that this is not possible and I feel there is a rationale in that I would certainly go ahead with it.
Karan Thapar: When you say that when you put this is in public domain you believe they are good ideas for the country. Did you at any point talk to the Prime Minister or share these ideas with him?
http://ibnlive.in.com/news/education-reform-will-be-for-all-indians-sibal/96402-3.html?from=search-relatedstories
| PM's advisory body for gradual stimulus rollback in budget news | |
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| 20 February 2010 | |
A week ahead of the union budget, policy makers are increasingly rooting for a rollback of the economic stimulus with C Rangarajan, the chairman of the Prime Minister's Economic Advisory Council (PMEAC) calling for a phased rollback starting with the budget. Releasing a review of the economy in 2009-10, Ragarajan said the economy would grow at 7.2 per cent with an upward bias as per Central Statistical Organisation (CSO) projections. However, the PMEAC report points to the need for a fiscal correction with the projected fiscal deficit rising to 10.3 per cent in 2009-10 and the debt-GDP ratio surging to 77 per cent compared to 71 per cent in the previous year. Rangarajan said, the large deficits of the past two years were not sustainable. He added that while government must make efforts to reduce the deficits, it was desirable to reduce the expenditure-GDP ratio by 1 per cent. The report calls for expansion of the service tax coverage, suggesting that the rate structure of the central excise and service taxation be unified, while putting it between the current and the previous higher level. The report proposes that all services be brought under the service tax structure to broaden the tax base while having a lower tax rate. Prior to the introduction of the stimuli in 2008, the central excise rates were 16 per cent while the service tax rate was 12 per cent. The same were reduced to 8 per cent and 10 per cent respectively in phases. According to Govinda Rao, member of the PMEAC, the government needs to raise the rates to a level like, say, 10 per cent or 12 per cent which could also serve as the rate for the proposed Goods and Services Tax (GST) when it is introduced. | |
Fed's rate signal spooks market
fe Bureaus
Posted: Feb 20, 2010 at 0131 hrs ISTMumbai The US Federal Reserve raising the discount rate from 0.5% to 0.75% for the first time after June 2006 has taken its toll on the Asian equity markets on Friday. This is seen as a harbinger of more central banks tightening their accommodative monetary policies and exiting stimulus packages. Also, a rise in interest rates would cause the dollar carry trade to unwind, pulling out the short-term speculative funds out of emerging markets.
The discount rate is the rate charged to banks for direct loans. The 25 basis-point increase in the discount rate, effective from Friday, would raise the cost of borrowing between banks, which plunged to a record low last year as policy makers provided unlimited cash to financial institutions.
The key benchmark equity indices in Hong Kong, Indonesia, Japan, Singapore and South Korea closed deep in the red. Reacting to it, back home, the BSE Sensex dropped 136 points or 0.83% to close at 16,192 while the broader Nifty of the National Stock Exchange ended with a loss of 43 points or 0.88% at 4,845.
Elsewhere in Asia, Nikkei 225 lost over 2% to close at 10,124 while Hang Seng Index came off by 528 points or 2.6%, its highest percentage drop in the last two weeks. A similar trend was witnessed in other major equity markets in the region with Kospi, Straits Times and Jakarta Composite closing lower by 1.68%, 0.44% and 0.22% respectively.
The Dollar Index, which tracks dollar against six major currencies, climbed 1% to 81.15, the highest in eight months while the rupee weakened 0.07% to 46.30.
The MSCI Asia Pacific Index dropped 2.1%, its biggest drop in two weeks. Provisional figures from the stock exchanges showed that Foreign institutional investors were marginal buyers of Indian equities worth Rs 18 crore while the domestic institutional investors were net sellers to the tune of Rs 397 crore.
Though the global equity markets reacted negatively to the Fed rate hike, market participants have largely termed it as a positive move that signals a recovery in the global economy. "In the shorter term, it might impact the metal and commodity segments, but on a longer term perspective, it is a very positive news for the world economy," commented Arindam Ghosh, CEO, Mirae Asset Global. "It is a clear signal that the world economy is getting in to the growth trajectory after a prolonged crisis, which will definitely improve the global risk appetite. Short term money may pull out, but we can see longer term asset allocation and portfolio balancing by long-term investors," he said.
At one point in time the BSE Sensex was trading down 253 points, but it recovered towards the end, following short covering by investors in the derivative segment. This helped the Nifty February futures to end the trading session at 4,846 points, with a premium of over 1 point from the previous day's discount of nearly 1 point. India VIX, a volatility index based on the S&P CNX Nifty index option prices, jumped 7.19% to 31.90. VIX is a measure of the market's expectation of volatility over the near term and in general increases when the market is bearish and decreases when the market is bullish.
According to latest EPFR Global data, China-focused equity funds had net redemptions for the sixth time in the last seven weeks as fears of more central bank policy tightening spooked investors, while Latin American equity funds posted outflows for the fourth consecutive week. Russia and Indian equity funds had relatively small inflows for the week to February 17, while Brazil had a second straight week of outflows.
Former foreign secretary Shyam Saran on Friday announced his decision to quit as Prime Minister Manmohan Singh's special envoy on climate change.• Students double up as 'Online Teachers' in Kerala
• Obama speaks to PM; slams Pune blast
The Delhi High Court on Friday gave another two-month breather to Blueline bus operators plying in south Delhi.• Delhi continues to feel the chill
• Warehouse fire kills two in Delhi
Jesus was a compassionate, super-intelligent gay man who understood human problems, says Elton John.• Hands-free alternative to texting while driving!
• Most luxurious bathroom tissue!
A 21-year-old Sudanese student died in a hospital here early Saturday, taking the Pune terror blast toll to 12, police said.• Bihar government ready for talks with Maoists
• Security tightened in Andhra on budget day
Violating prohibitory orders, the students began the rally at Arts College on the university campus but were stopped by the police at Vidyanagar, just outside the campus and about 15 km from the assembly building. 
Superstar golfer Tiger Woods publicly apologised on Friday for his infidelity to his wife, Elin, saying he was 'deeply sorry for my irresponsible and selfish behavior.'• Barack Obama set to meet Dalai Lama
• `21 mn people could fall into extreme poverty`
• `Militants want to derail Indo-Pak talks`
• Sarkozy offers Haiti millions in aid and debt relief
• Haiti's quake camps turning into shanty towns
• Pak reacts strongly to Krishna's remark on talks
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| Opinion Poll Like Pune, should all cities impose fine for spitting in public places? Yes No Can`t Say | | ||
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The best-selling crime fiction writer, Ian Rankin, does little to hide his disdain for the 'Agatha Christie-style puzzle stories'.
A 14-page 'restricted' report prepared by the British intelligence agency MI5's Centre for the Protection of National Infrastructure has recently come to light.http://sify.com/news/
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