Monday, March 2, 2009

INDONOMICS, ILLUMINITI and ELECTIONS



INDONOMICS, ILLUMINITI and ELECTIONS


Troubled Galaxy Destroyed Dreams: Chapter 175

Palash Biswas


India Inc. - Wikipedia, the free encyclopedia
India Inc. is a common term used by the Indian media to refer to the corporate sector of the nation. The Companies Act 1956 allows a variety of formations ...
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India Inc
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India Inc.
News, Analysis & Opinion about Indian Business. ... The all new India edition was added to the WSJ.com websites this weekend and includes coverage from the ...
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Digital Inspiration: Your Personal Technology Guide - Computer ...
What's new - India Inc. Bloggers in India Beware: You are Responsible for Comments Posted on your Blog · Nationalisation fears make Citigroup less valuable ...
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Rediff India Inc welcomes duty cuts, says it will boost demand - 24 Feb 2009

24 Feb 2009, 1940 hrs IST, PTI NEW DELHI: India Inc Tuesday welcomed the government's decision to reduce excise and service tax by 2 percent besides ...
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India Inc Going Global
Success stories and proven strategies of Indian Multinationals across product and service categories, are inspiring others to launch their search for scale ...
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FINANCIAL EXPRESS : INDIA INC.
All the news from India updated through the day. Everything on India that you could want in a website covering news, sports, politics, people, places, ...
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India Inc's overseas acquisition
India Inc's overseas acquisition. News. Home · News Update · Archives. Features. Investment World · eWorld · Catalyst · Mentor · Life · Canvas · Praxis ...
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31 Dec 2008 ... The global economic downturn made 2008 an unforgettable year.
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Indian economy to take a year to recover: Moody's
Hindu - ‎4 hours ago‎
New Delhi (PTI): The year 2009 is set to be more difficult for the Indian economy and despite the government's stimulus packages, it would take at least a ...

Sify
Rupee to drop to 56/dlr in 3 months - Barclays
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The Indian economy will expand at 4 percent in the next financial year, which will weaken the real effective exchange rate (REER) of the rupee, ...
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LON:BARC – PGD

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India is faced with a Catch-22 situation
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Maktoob
RIL board meeting, RBI rate cuts to decide market’s course
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BOM:532743

BBC News
Dates announced for India polls
BBC News - ‎4 hours ago‎
The economy and security will be key issues. The global economic crisis has had serious repercussions for the Indian economy and growth has been hit in the ...

Times Now.tv
Will economy record 7.1 per cent growth in current fiscal?
Economic Times - ‎Feb 27, 2009‎
Indian economy grew by 6.9 per cent in the first nine months of this fiscal, which might make it difficult to attain 7.1 per cent growth for the whole ...
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BBC News
Indian economy in sharp slowdown
BBC News - ‎Feb 26, 2009‎
India's economy grew by less than expected in the last three months of 2008, official figures have shown. The country's gross domestic product (GDP) grew by ...
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... March 2 (Reuters) - Indian manufacturing activity shrank for a fourth straight month in February and exports fell again in January, showing the economy ...
Cement production to grow by 8.1 pc in FY10: CMIE
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... by 8.1 per cent and demand for the same is likely to rise by a healthy 7-7.5 per cent in FY 10, Centre for Monitoring Indian Economy (CMIE) has said. ...
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Indian economy may witness upsurge by 2010-end: IIMA director
Times of India - ‎Feb 24, 2009‎
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Tidel Park Coimbatore to start functioning from Jan 2010
Economic Times - ‎32 minutes ago‎
After a three year wait, work is in full swing for building the park inside the IT & ITES special economic zone (SEZ) at Vilankurichi, behind Coimbatore ...

Rediff
RIL, RPL merger: A comprehensive CNBC-TV18 analysis
Moneycontrol.com - ‎1 hour ago‎
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BOM:532743 – BOM:500325 – CVX
Tamil Nadu IT SEZ work in full swing despite slowdown
mydigitalfc.com - ‎6 hours ago‎
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Times Now.tv
Two more SEZs inaugurated
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Chief minister Ashok Gehlot inaugurated two special economic zones (SEZ) at Mahindra World City'. The Light Engineering and Handicraft SEZ, each spread over ...
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BOM:500520 – BOM:500112 – OTC:QPDC
Rajasthan Chief Minister inaugurates Light Engineering ...
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The Honourable Chief Minister of Rajasthan, Shri Ashok Gehlot, inaugurated Mahindra World City , Jaipur's Light Engineering & Handicrafts SEZ today. ...
BOM:500520
New industrial policy aims to create 10 lakh jobs
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Karnataka today also unveiled its much awaited Special Economic Zone (SEZ) policy. As first reported by TOI, the SEZ policy allows companies to set up units ...
Construction cos shift focus to infra orders, outlook still tough
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Business Standard
SEZ exporters to get tax relief
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Hindu Business Line
10 new SEZ proposals get govt nod
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Government okays Adani SEZ merger Business Standard
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BOM:500510 – BOM:512599
IT hub survives on diesel as Bengal govt trips on power
Livemint - ‎21 hours ago‎
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INSP
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The Golden Rule
“That which is hateful to you do not do to another ... the rest (of the Torah) is all commentary, now go study.”

- Rabbi Hillel

“If I am not for myself, then who will be for me? And if I am only for myself, then what am I? And if not now, when?”

- Rabbi Hillel


DPE chalks out road map for stake sale in public sector cos
2 Mar 2009, 0123 hrs IST, Dheeraj Tiwari & Subhash Narayan, ET Bureau
New Delhi: The department of public enterprises (DPE) has prepared a road map for restarting a stalled programme of divesting stake in public sector
companies to help the government raise funds to rein in a rising fiscal deficit, government officials said.

The DPE, which determines policies for public sector companies, has finalised a list of 59 public sector firms and has sought opinion of various ministries on how to dilute or sell government stakes in them.

It has also sought views and recommendations from key ministries such as finance, law and labour and the Planning Commission on the proposed sell-off, before giving the list to the government’s department of disinvestment which will actually undertake the exercise.

The government desperately needs to find new sources of funds as the economic slowdown has dented revenue collections and forced it to spend more to shore up the economy. It has also been forced to abandon its fiscal deficit target for now, but will need to turn its attention to taming the deficit sooner rather than later.

The DPE’s move comes in the wake of recommendations from a government-constituted panel on public sector pay revision suggesting the government to withdraw from all public sector enterprises where profits have fallen below Rs 50 crore. The panel, whose recommendations have been approved by the Cabinet, has said the government’s withdrawal from these firms could be done either by privatising the public sector companies by bringing in a strategic partner or merging the entity with another bigger and better-performing state-run company.

“The PRC (pay revision committee) recommended that sick companies not only need revival in terms of financial restructuring, but also technological and management upgradation. Financial restructuring was found to be illusionary and many companies lapsed back into sickness and hence we need to explore other options,” said an official of department of public enterprises who asked not to be identified.

If the recommendations are accepted, it would amount to privatising some well known names such as Air India and Indian Airlines, which together are now known as NACIL, Hindustan Fertiliser Corp, Fertiliser Corporation of India, Konkan Railway Corp and Indian Telephone Industry, all of which have incurred heavy losses for the last few years. The list also includes companies from sectors spanning heavy industries, telecommunications, shipping, steel and railways.

The UPA government has taken a small step towards privatising one such entity by clearing a restructuring package for ITI. Under this package, it has been decided that ITI will be revived by inducting private partners in three different areas of operation. The DPE is awaiting replies from ministries that have direct control over the 59 firms it has suggested for disinvestment.

“The administrative ministries will now send their plans for these companies and suggest whether the government can take the disinvestment route or a suitable partner can be found,” the official said, adding that the ministries’ replies will then form part of formal sell-off proposal being finalised by disinvestment department. “The government in power will have to ratify these proposals before the disinvestment is kicked off,” the official said.

The UPA government, which came into power in 2004, was forced to put a hold on all disinvestment plans because its survival then depended on support from the Left parties, most of which were bitterly opposed to any privatisation.
Last year, the disinvestment department had planned initial public offerings in the case of two companies, Oil India and NHPC, but dismal market conditions forced it to shelve the plans.

“The aim has been to revive these sick PSUs. However, it will be very difficult to go ahead with any disinvestment plans right now. The country is going into an election mode and the market situation is also not good,” a senior official from the department of disinvestment said.
http://economictimes.indiatimes.com/Economy/DPE-chalks-out-road-map-for-stake-sale/articleshow/4210036.cms

No real improvement during the UPA regime
Livemint - ‎21 hours ago‎
Rural areas also benefited from the UPA government’s farm loan write-off, under which loans worth nearly Rs64,000 crore were waived. ...

MercoPress
Argentina’s Fernandez Says Crisis Demands Aid Changes
Bloomberg - ‎21 hours ago‎
Reports last week that the government may take over the country’s grains trade could spark social unrest, farmers said, a year after farm protests paralyzed ...
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SamayLive
Punjab CM demands from center to supply diesel to farmers at 25 ...
PunjabNewsline.com - ‎Feb 28, 2009‎
... called for “major long term initiatives on the part of Government of India are called for in order to provide a lasting solution to the farm crisis. ...
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Financial crisis hits world markets
guardian.co.uk - ‎5 hours ago‎
"We're seeing falls in Asia, the oil price is dropping, and on Friday we'll get some pretty torrid non-farm payroll figures," explained Manus Cranny of MF ...

Business Standard
'Economy will return to trend growth rate after 2009-10'
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WA today
Lavish Mugabe birthday party amid crisis
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For Zimbabwe, Party Is a Chance to Eat, Not Cheer New York Times
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Farm export earnings to rise
NEWS.com.au - ‎4 hours ago‎
FARM export earnings are expected to rise over the next two years, despite the ongoing effects of the global financial crisis, a report from the nation's ...
Despite CARP, banana farm workers remain poor
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Kirchner Allies Leave Amid Farm Crisis
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Is Chinese dumping good for domestic aluminium players?
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This apart, government agencies will be involved in the procurement of farm commodities at minimum support prices. But what is unthinkable is for any group ...
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illuminiti

A secret society founded in Europe during the enlightenment that many conspiracy theorist claim is intent on bringing about the new world order in which only one fascist government will rule over the entire world population.
When Bush 41 said on March 6, 1991: "Now, we can see a new world coming into view. A world in which there is the very real prospect of a new world order." He was referring to the master plan of the illuminiti.

DISINVESTMENT BALL Rolls on PRE POLL EVE! Celebrate!

President Barack Obama's plan to pull US combat forces from Iraq by August 2010 have drawn fire from his Democratic allies who expressed concern the withdrawal was not quick or complete enough!On the other hand, Hillary Clinton today made her first entry into Middle East diplomacy as the new US secretary of state, promising to pursue peace between Israel and the Arabs on "many fronts" and condemning the "violence and false choices" of extremists.

Troops fanned out across Bangladesh on Monday to hunt 1000 fugitive soldiers blamed for a revolt by border guards which left 78 dead and scores more missing, mainly army officers.
Sri Lankan army has claimed that it has found photographs and video footage of MDMK leader Vaiko with LTTE chief Prabhakaran from a building earlier occupied by the LTTE militants.Advancing Sri Lankan forces are holding back their strength against Tamil Tiger rebels in order to comply with international rules of war, a Sri Lankan minister told the UN Human Rights Council on Monday.


The polling for electing a new Union government and the next Lok Sabha would be held between April 16 and May 13, Chief Election Commissioner, N Gopalaswami, announced here today. Counting will be held on 16 May. By the morning of 17 May, a new Lok Sabha – India’s 15th – will have taken shape.The election will be a five-phase exercise spread over a month with majority of the states -15 - and seven union territories - seeing one-day polling and Jammu and Kashmir and Uttar Pradesh seeing the most staggered exercise in five-phases.


In order to prevent a Satyam like accounting fraud in state-run companies, the Comptroller and Auditior General of India (CAG) has decided to conduct three-phase audit of 80 PSUs including blue chip entities like Indian Oil, ONGC and Steel Authority. On the other hand it is known that NRI billionaire Anil Agarwal-led Vedanta Group will pump in a whopping Rs 70,000 crore in India by 2011-12, a stride that will make it the world's fifth largest metal and mining entity rubbing shoulders with the likes of BHP Billiton and Rio Tinto. RED ALERT for MINING PSUs!

RIL to become world's 13th largest refiner as DESI ILLUMINATI SHAPES quite well thanks to RBI, FINMIN and SEBI and FALSE RECESSION.Reliance Industries will displace US energy major Chevron Corp to become the 13th largest oil refining company in the world after its board approved plans to absorb its Reliance Petroleum unit. RIL, the nation's largest listed firm, will issue one share for every 16 held in RPL, giving it direct control of the world's largest refinery complex. The company's 33 million tons only-for-export refinery at Jamnagar together with adjacent 29 million tons SEZ refinery of RPL would make it the largest refining company in India. It displaced state-owned Indian Oil Corp (IOC) with 50.7 million tons refining capacity. IOC was ranked 18th on the world list. The all-share merger deal valued at about Rs 8,500 crore between the two Mukesh Ambani group firms, RIL and RPL, has become probably the Top 10 oil producers.As per the merger deal approved by the boards of Reliance Industries and Reliance Petroleum, shareholders will get one RIL share for every 16 RPL shares - resulting into issuance of 6.92 crore new shares by RIL.


Lok Sabha polls will be held in five phases from April 16 to May 13, the Election Commission announced on Monday. The five phased polls will be held in Jammu and Kashmir and Uttar Pradesh while Bihar will have four-phased elections, Chief Election Commissioner N Gopalaswami told a press conference in New Delhi.

POLL EQUATIONS are being readjusted to SUSTAIN the BRAHAMINICAL Hegemony! As the TWO BRAHMINS of BENGAL PRANAB and MAMATA boosted UPA Chance to romp home announcing POLL ALLIANCE in WEST Bengal just after CPIM was declared defeated in a ASSEMBLY BY POLL, the MOMENTUM sets in the centre!

Meanwhile,Former Prime Minister and JDS supremo Deve Gowda on Monday announced the formation of the Third Front, an amalgamation of eight parties including the Left, and touted as a political alternative to the Congress and BJP. The much talked about Front would be launched in Karnataka on March 12 with a rally in Tumkur, 50 km from Bangalore, Gowda said. The announcement came shortly before the schedule for the General elections was announced. on the other hand, RLD chief Ajit Singh on Monday joined the NDA but declaration regarding the number of Lok Sabha seats the party would contest in alliance with the BJP in Uttar Pradesh during the upcoming polls was held back. Sources however said that Singh, known as hard bargainer, had secured some 8 seats under the seat sharing arrangement with the BJP. A day after his meeting with Congress president Sonia Gandhi over the seat-sharing arrangement in Uttar Pradesh, Samajwadi Party chief Mulayam Singh Yadav on Monday expressed confidence of arriving at an electoral alliance with the party for the Lok Sabha polls.

How the DESI ILLUMINITI shapes in! Thanks to loose REGULATION, Manipulation, Exemption, Waivers, Bail Outs INDIA INCS have every scope of DIVERSION. Just see! Under tough recession times, Reliance Industries on Monday said it will buy back US energy major Chevron's five per cent stake in Reliance Petroleum for Rs 1,350 crore at Rs 60 a share.

"The shares will be bought at Rs 60 a share, as per the agreement," RIL's Chief Financial Officer Alok Agarwal said in Mumbai.

Chevron had acquired 22.50 crore shares in RPL as part of an Equity Investment Agreement with RIL in April 2006. As per the deal, RPL and Chevron were to enter into agreements on crude supply and product offtake.

On executing these agreements and other pacts, Chevron was to purchase an additional 24 per cent stake in RPL from RIL.

The Equity Investment Agreement also provided that, in case these agreements were not executed, Chevron would sell and RIL shall buy the former's 5 per cent holding in RPL.

SEE the HSBC case! European financial services major HSBC Holdings posted a steep decline in 2008 profits at 9.3 billion dollars even as its India business grew by as much as 26 per cent during the same period. In a sign of the financial meltdown impacting the company, HSBC is planning to raise 17.7 billion dollars through a rights issue from the shareholders.

HSBC has reported a pre-tax profit of 9.3 billion dollars for the full year 2008, a decline of 62 per cent over the corresponding period a year ago.

Embattled retail chain Subhiksha on Monday said the ongoing corporate debt restructuring (CDR) process in the company would take another six weeks to be over and any decisions regarding raising of debt would be likely only after that period.

"The (CDR) process will run for another six weeks before we have anything concrete to report," Subhiksha Trading Services Ltd Managing Director R Subramanian said in a reply to an email query.

The Satyam Computer Board plans to invite bids for a strategic investor in the next few days and expects to garner a healthy amount as investment into the company, company Chairman Kiran Karnik said on Monday.

"We plan to invite bids in the next few days (and) have worked out the modalities for that, which now needs SEBI approval," Karnik said on Monday.

The funding from this investor will lend further financial stability to Satyam, Karnik said.

Satyam is likely to submit its proposal to market regulator Securities & Exchange Board of India (SEBI) very soon.

Maruti Suzuki India Ltd, India's leading car maker, increased sales by nearly a quarter in February from a year, defying a broad downtrend
in the industry, but its shares fell marginally.

The company, 54.2 per cent owned by Japan's Suzuki Motor Corp, said on Monday it sold 79,190 cars last month, up 24 per cent from a year earlier.

Car sales in India have fallen in annual terms in six of the seven months ending January. Exports rose 90 per cent to 8,565 units, led by the A-Star small car, which it launched in November 2008.

Domestic sales of the SX4 and D'Zire sedans rose more than 300 per cent from year ago, helped by a cut in excise duty as part of government efforts to boost activity in a slowing economy.

The country's largest two-wheeler maker Hero Honda Motors Ltd (HHML), on Sunday reported a 24 per cent jump in its total sale for the month of February, at 3,29,055 units, as compared to 2,65,431 units in the same month last year.

Two-wheeler manufacturer TVS Motors on Sunday announced a 13 per cent growth in its two-wheeler sales. According to a company release, 1,07,301 units were sold in February 2009 as against the 95,235 units in the corresponding period last year.

Bata India on Friday said it has registered a 45.44 per cent growth in consolidated net profit at Rs 59.05 crore for the fourth quarter ended December 31, 2008. The company had a net profit of Rs 40.61 crore in the December quarter of 2007, Bata India said in a filing to the Bombay Stock Exchange.

Tata Steel Ltd, the world's sixth-largest steel maker, posted a consolidated quarterly net profit on Friday, beating market expectations of a loss. Tata Steel reported a net profit of 8.14 billion rupees ($160 million) in October-December, compared to a consolidated net profit after minority interest and share of profit of associates of 14.16 billion rupees reported a year ago.

The family business model, with its mix of stability and agility, will help companies tide over the economic downturn as it allows a
long-term strategic view of the economic and competitive environment, a report said.

"This (stability and agility) gives family-owned businesses the edge to better endure an economic downturn," the Barclays Wealth and the Economist Intelligence Unit (EIU) report titled 'Family Business: In Safe Hands?' has said. When gauging prevailing motivations for creating and protecting wealth, family business members place generating regular income, 64 per cent responding as important or very important, among the highest of priorities.

Conversely, only 53 per cent of non-family business members held this view, which suggests shorter-term priorities.

"Family-owned businesses are the cornerstone of the global economy and while common perceptions of the model are that of dysfunction plagued with structural issues, it remains a stalwart model that contributes to overall global economic health," it said.

Attributes such as a strong relationship with their community, long-term perspectives and a dynamic approach to decision-making have made family businesses a significant part of the global economy.

Barclays Wealth Middle-East CEO Soha Nashaat said: "Accordingly, family businesses and their long-term strategies need to be examined to explore their longevity and viability during these difficult economic times. Lessons learned from family businesses could prove to be very apt during this unprecedented time and non-family owned business could take some strategic insight from this most enduring model."

A long-term perspective means that family businesses can exercise prudence during both upswings and downswings in the economy.

Family businesses are less likely than listed companies to pursue adventurous growth strategies to satisfy short-term investors during a boom and some academics have argued that they are more likely to invest through a downturn, giving them a sustainable advantage over non-family businesses for whom there are wider swings in performance and investment, the report said.



RUPEE feels the ELECTION HEAT most as the Indian rupee extended its drop to hit a record low of 52 against the dollar on Monday on heightened concerns of rising foreign funds outflows while arbitrage play between the onshore and offshore markets hurt. At 9:51 a.m., the partially convertible rupee was at 51.76/79 per dollar. It had closed at 51.10/12 on Friday. The rupee traded at 52 per dollar according to Reuters data, which dealers said was a miss hit and the deal could be reversed with the counter-party later in the day. They said the low was around 51.8 per dollar. The rupee dropped to a record low on Monday as falling stocks, weak data, bearish global markets and an arbitrage play with offshore Where Re comes from, and goes
derivatives drained demand despite suspected central bank intervention.

The rupee could drop to 56 per dollar in the next three months, weighed by an economic slowdown and a balance of payments deficit, Barclays Capital said on Monday.

The rupee was not alone in its woes, with the South Korean won falling to an 11-year low as investors shifted away from riskier emerging market assets.

Foreigners sold $1.7 billion of Indian shares in the first two months of the year, after selling more than $13 billion last year when the rupee fell more than 19 percent.

"The US data on Friday reminded everybody about the extent of the global economic situation and that has triggered a sell-off in markets. And even though India may not have much exposure to the world, it is not an island," said Nizam Idris, currency strategist with UBS in Singapore.

FALSE CLAIM

The worst is over for the Indian economy which has started responding to the Government's different stimulus packages and country's growth would pick up momentum in the last two months of this fiscal, Commerce and Industry Minister Kamal Nath said.

"I believe the worst is over," Nath said adding that the last two months of the current fiscal would be much better in terms of growth.

how false happens to be KAMALNATH Claims!After a whopping loss of over Rs 40,00,000 crore in 2008, the stock market is continuing its free-fall and investors have lost an average Volatility: Bet on big guns
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of Rs 100 crore in every five minutes of trade in first two months of 2009.

Cumulatively, the total investors' wealth has got eroded by about Rs 2,82,000 crore so far this year.

However, the meltdown has been less severe so far this year, as compared to 2008 when an average of Rs 100 crore was wiped off in just two minutes of trade, as per an analysis of stock market losses during 2008 and first two months of 2009.

During 2008, the total investors' wealth, measured in terms of cumulative market capitalisation of all the listed companies, plummetted from close to Rs 72,00,000 crore to about Rs 31,00,000 crore.

So far in 2009, the investors' wealth on Indian bourses has gone further down to about Rs 28,60,000 crore, as per the current market value of the listed companies.

There were a total of 246 trading sessions in 2008, while so far in 2009 trades have been conducted on 39 days.

Taking into account a trading session of five hours and 35 minutes every day (markets open at 0955 hours and close at 1530 hours), an average of Rs 20 crore has been lost in every minute of trade so far this year.

This average was, however, more than double at Rs 50 crore in every minuter of trade in 2008.


Contrarily, EXPERTS opine quite dfferently! The year 2009 is set to be more difficult for the Indian economy and despite the Government's stimulus packages, it would take at least a year before it starts recovering, economists at Moody's has said.

"I don't think the stimulus is sufficient to start a recovery. The most it can do is to minimise the magnitude of a further slowdown... India will most likely start to recover in the March quarter (2010)," Moody's economy.com economist Sherman Chan told PTI from Sydney.

She added this year will be more difficult than last year.

"We probably won't see a solid rebound until early 2010. The US needs to recover first. Then global economic activity will begin to pick up," Chan added.

The Indian economy grew by 5.3 per cent in the third quarter of this fiscal, its lowest rate in over five years, against a whopping 8.9 per cent a year ago, as agriculture and manufacturing output contracted.

This has ensued debate between the government and the economists. While the government is still confident of achieving close to 7 per cent growth this fiscal, economists at various global financial institutions see a further fall in the figures.


According to KAMAL NATH, the Indian economy grew by 5.3 per cent in the third quarter, a low of over five years, against a whopping 8.9 per cent a year ago, as agriculture and manufacturing output contracted.

Farm sector contracted by 2.2 per cent while manufacturing shrank by 0.2 per cent.

The April-December growth works out to 6.9 per cent against 7.1 per cent shown in the government estimates.

Nath said the Government is aware of the sluggish growth in the economy during the October-December quarter and that is why it announced the stimulus package.

He said the Government took steps to address the issue of sluggish growth in the economy more evident in the third quarter.

The country's top-10 firms lost over Rs 21,000 crore from their market capitalisation in February, with Reliance Industries alone Volatility: Bet on big guns
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accounting for close to half of the value erosion from the elite club.

The valuation of Mukesh Ambani-led Reliance Industries dipped below Rs 2,00,000 crore mark after losing Rs 9,466 crore last month. During February, the scrip lost nearly 4.53 per cent to settle at Rs 1,265.05 on Friday's trade.

RIL, saw its valuation dipping to Rs 1,99,094 crore at the end of February from Rs 2,08,559.98 crore on January 30.

The coveted club of country's most valued 10 firms, comprising of four private entities and six public companies lost a combined Rs 21,549 crore during the month to end at Rs 10,23,135 crore.

The top four companies --RIL, NTPC, ONGC and Bharti Airtel -- managed to maintain the January rankings in terms of market-cap last month as well.

State-run NTPC, even after losing Rs 4,370 crore from its market cap remained at second position, while ONGC and private sector telecom service provider Bharti Airtel added Rs 7,048 crore and Rs 532 crore, respectively in their market valuation to settle at third and fourth position.

Meanwhile, state-run trading major MMTC, diversified conglomerate ITC and BHEL jumped up from their last month position to notch fifth, sixth and eight position at the end of the month.

Election SCHEDULE

Maharashtra and West Bengal will witness three phased polls while Andhra Pradesh, Assam, Manipur, Jharkhand, Karnataka, Madhya Pradesh, Orissa and Punjab will have elections in two phases.

Remaining 15 states and seven union territories will have one-day polling.

The counting of votes will take place on May 16 and the 15th Lok Sabha will be constituted by June 2.

In the first phase, 124 constituencies will go to polls on April 16. 141 constituencies will witness balloting in the second phase on April 23, 107 seats in third phase on April 30, 85 seats in fourth phase on May 7 and 86 constituencies in the last phase on May 13. Elections to Assemblies in Andhra Pradesh, Sikkim and Orissa will be held simultaneously with the Lok Sabha polls.

Photo electoral rolls will be used for the first time in 522 out of the 543 constituencies, Gopalaswami said.

499 constituencies have been redrawn in the delimitation exercise.

Delimitation could not be undertaken in Andhra, Assam, Jharkhand, Manipur and Nagaland, Gopalaswami said.

At least 71.4 crore will be the number of eligible voters, an increase of 4.3 crore over the 2004 figure of 67.1 crore.


Leaders of eight political outfits who have agreed to be part of the Third Front - CPI, CPM, Forward Bloc, RPI, TDP, TRS, AIADMK and JDS - will take part in the rally, Gowda said.

Gowda, who took a lead role in giving shape to the formation of the Front, which his political opponents BJP and Congress pooh poohed as a "mirage", said the agenda of the new outfit would be unveiled at the rally.

There was no discussion in the Front "as of now" on who would be its prime ministerial candidate nor any decision taken in support of Uttar Pradesh Chief Minister Mayawati for the post, he said.

The proposed Third Front would formulate alternative programmes to overcome "several crises" created by UPA and NDA, he said and clarified that "certain sensitive issues like inter-state river water dispute sharing and reservation will not be touched and will be left to respective states".

State unit leaders of Left parties were present when Gowda made the announcement.


US operated WAR MAINE is ACTIVE in SOUTH ASIA as WAR agaisnt Terror continues!

All major terrorist networks have a safe haven in Pakistan to operate creating a big "problem" to the US war against terror, Defence Secretary Robert Gates has said.

"I think it's the safe haven on the Pakistani side of the border, not just for Al-Qaeda but for the Taliban for the Hakani network, for Gulbaddin Hekmatyar and other affiliated groups that are all working together - they're separate groups, but they're all working together, and I think as long as they have a safe haven to operate there, it's going to be a problem for us," Gates told the MSNBC news channel in an interview.

"Afghanistan, after all, 20 years ago I was on the other side of that border as deputy director of CIA fighting the Soviets, and we had the safe haven in Pakistan, and let me tell you, it made a big difference," he said in his interview on Sunday.

Gates, who met with Pakistani Army chief Ashfaq Pervez Kayani last week in Washington, said the Pakistan leadership now knows that what is going on in their tribal region is very dangerous for their country.

Obama aide: deficit goals on track despite grim economy

President Barack Obama's targets for cutting the budget deficit remain in reach, a top aide said on Sunday, despite an alarmingly steep
U.S. economic decline that could throw off revenue collections.

White House Budget Director Peter Orzag also fiercely defended a proposed $600 billion plan to tax high-income Americans to pay for a healthcare overhaul and another $600 billion plan to sell companies permits to emit carbon-dioxide gases above a fixed limit.

Republicans have complained that measures would stifle any economic rebound and weaken small businesses.

"I just reject the theory that the only thing that drives economic performance is the marginal tax rate on wealthy Americans, and the only way of being pro-market is to funnel billions and billions of dollars of subsidies to corporations," Orzag said on ABC's "This Week."

Obama last week proposed a $3.6 trillion spending plan for fiscal 2010, with a deficit of $1.12 trillion, and projected the deficit would fall to $533 billion in 2013. He projected a $1.75 trillion deficit for 2009, including the impact of a two-year economic stimulus package costing $787 billion.

The deficit forecasts were based in part on predictions that the economy would shrink 1.2 percent in 2009 before growing again by 3.2 percent in 2010 -- figures already more optimistic than those of most economists surveyed by the Blue Chip Economic Indicators newsletter just before the stimulus plan was approved.

Then on Friday, the government reported the U.S. economy shrank by 6.2 percent in the last three months of 2008, the steepest since 1982 and far worse than most forecasts.

A sharper-than-expected contraction in the economy would lead to weakened government revenue from income taxes and other sources.

But asked if the deficit-reduction targets remained on track, Orzag said, "I think so."


SIT submits Godhra riots report to SC
A Supreme Court-appointed Special Investigation Team (SIT) probing the post-Godhra riots cases in Gujarat on Monday submitted its report before the apex court.
The SIT, headed by former CBI director R K Raghavan, also submitted a confidential report in a sealed cover before a bench headed by Justice Arijit Pasayat.

The bench said the main report will be given only to the Gujarat government and advocate Harish Salve who is assisting the Court as an amicus curiae and asked them to file their suggestions in respect to it within four weeks.

The court, however, said the confidential report will not be given to anyone.

The court said the SIT, comprising former CBI chief, former DG of UP Police C D Satpathy and three IPS officers from Gujarat -- Geeta Johri, Shivanand Jha and Ashish Bhatia, will continue to function and would be free to investigate any other case, if they want to.

The court posted the matter for further hearing on April 13. The apex court had on March 26 last year appointed a five-member investigation team (SIT) to "inquire and investigate" 14 cases related to post-Godhra violence in 2002.

The court had passed the direction on a bunch of petitions filed by the National Human Rights Commission (NHRC), individuals and NGOs which had sought transfer of the trial of the riots' cases outside Gujarat and further investigation or re-investigation by the CBI.

The petitions were filed after several witnesses turned hostile amid allegations of threat, coercion and inducement to derail the investigation.

The NHRC had filed the petition in 2003 for transfer of the case and trial expressing fears that it would not be conducted in a fair and transparent manner.

Sensex at 3-month low; RIL leads the fall
The Bombay Stock Exchange benchmark Sensex on Monday tumbled to a three-month low by losing 284 points, impacted by the deepening global economic crisis, sparking heavy selling by funds in blue-chips led by Reliance Industries.
The Sensex plunged by 284.53 points at 8,607.08, after touching the day's low of 8,563.52, the lowest since November 20, mostly on reports of the US economy contracting at the fastest pace in more than 27 years.

The 50-share National Stock Exchange index Nifty dropped by 89.05 points to 2,674.60, after touching a low of 2,659.55 during the day.

The trend-setter Reliance Industries, which approved the absorption of its unit Reliance Petroleum, led the decline with many stocks in the Mukesh and Anil Ambani group firms closing with losses.

Tata Consultancy Services led the decline among software makers as the US economy shrank at the fastest pace since 1982. More than 50 per cent of the country's software export revenue comes from the US.

RIL lost 3.15 per cent, Reliance Infra 9.12 per cent, RCom 6.50 per cent, Reliance Capital 6.97 per cent, Reliance Power 1.86 per cent and Reliance Petroleum 1.38 per cent.

In the 30-BSE index, barring Mahindra and Mahindra, all the 29 closed with small to large losses on widespread selling by foreign funds.

Banking sector stocks suffered the most on fears of a fall in lenders' revenue due to the economic crisis. The banking index fell by 4.86 per cent to 4,033.99 with heavyweights State Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Canara Bank closed lower.

The metals index was the second-worst performer, falling 4.31 per cent to 4,488.82, after Sterlite Industries, the largest copper producer, fell 1.31 per cent to Rs 241.80. Tata Steel lost 7.54 per cent to Rs 159.35, Wellspun Gujarat 8.31 per cent to Rs 56.80 and JSW Steel 8.69 per cent to Rs 171.70.

The oil and gas index fell by 2.94 per cent to 5,885.97 after Reliance Industries, the most valuable company, fell after it offered one of its shares for every 16 held in Reliance Petroleum. It lost by Rs 39.90 to Rs 1,225.15 and RPL by Rs 1.05 to Rs 75.15.

The capital goods index fell 2.90 per cent to 5,726.86, the power index 2.83 per cent to 1,702.12, the PSU index 2.61 per cent to 4,855.11, the teck index 2.50 per cent to 1,693.01, and the FMCG index 2.48 per cent to 1,992.60.

The realty index fell 2.36 per cent to 1,379.84, the IT index 1.84 per cent to 2,057.58, the auto index one per cent to 2,655.72 and the healthcare index 0.41 per cent to 2,586.24.

With selling pressure spread over a wide front, the midcap index lost 2.08 per cent to 2,700.98 and the smallcap index by 1.83 per cent to 3,049.28.


CAG to conduct audit of 80 PSUs

"A three-phased audit system for about 80 companies for the accounting year 2008-09 has been finalised. These include listed government companies, the navratnas, category 1 miniratnas and statutory corporations like Airports Authority of India (AAI) and National Highways Authority of India, " official spokesperson for the CAG told PTI.

The other companies which would be covered by the three-phased audit by the CAG include BPCL, HPCL, ONGC Videsh and Shipping Corporation of India.

The new system, she said, would aim at introducing more transparency in accounting practices and also expedite finalisation of accounts after close of the financial year.

In the first phase, the auditor will review the general accounting policy of the PSUs and also the steps taken by the companies on previous audit remarks, she said.

As part of the review process, the CAG will issue directions to statutory auditiors and managements, in case corrections in accounting practices are needed.

The second phase will begin at the end of April when draft accounts or schedules are ready and will involve a detailed auditing of books of accounts.

RIL-RPL merge, swap ratio at 1:16
The Board of Directors of Reliance Industries and its refinery subsidiary RPL on Monday approved the merger of the two firms, creating one of the world's largest petrochemical entity and offered the shareholders of RPL one RIL share for every 16 shares held by them.
Both the companies in two separate filings said that the shareholders of RPL would receive one equity share of RIL for every 16 shares held.

The merger would create one of the world's top 50 companies on profitable basis and would make RIL one of the largest refiners of the world.

The appointed date of the merger is April 1, 2008, and the "scheme shall be subject to approvals of shareholders and creditors and sanctions" of the Bombay High Court.

Exports decline by 16 per cent in January
India's exports declined by 15.9 per cent in January over the year-ago period, posting contraction for the fourth month running under the impact of a slowdown in major global markets.
Exports dropped to USD 12.38 billion in January this fiscal, from USD 14.71 billion a year ago, while imports dipped, for the first time this fiscal, by 18.2 per cent to USD 18.45 billion, leaving a monthly trade deficit of about USD 6.07 billion, according to official figures released on Monday.

Exports contracted by 12.1 per cent to USD 12.8 billion in October 2008, showing a negative trend for the first time in the last five years.

For the April-January period, the country's cumulative exports grew by 13.2 per cent to USD 144.26 billion. Growth for the first half of the fiscal was 30.9 per cent.

Imports between April and January went up by 25.3 per cent to USD 243.35 billion. The trade deficit for the period has mounted to USD billion from USD 99 billion.

With the US and several European countries slipping into full-blown recession, Indian exporters have run into difficult times, especially since October.

India lifts import ban on Chinese toys

India lifted the ban on importing toys from China provided they conform to international safety norms.
India had earlier on January 23 banned the import of Chinese toys for six months on grounds of public health and safety.

According to a public notice by the Commerce Ministry, the import of toys from China will be allowed if they conform to the standards prescribed in "ASTM F963" or "ISO 8124 (parts I - III) or IS 9873 (parts I - III)".

These regulations primarily deal with safety and health hazards.

The Government further said that the imports from China will have to be accompanied by a requisite certificate from laboratories accredited to the International Laboratory Accreditation Cooperation.

Following the restrictions on toys, the Chinese media had reported that Beijing was contemplating dragging India to the WTO challenging the ban. However, Commerce and Industry Minister Kamal Nath had said the ban was WTO-compatible.

The toys market in India is estimated at Rs 2,500 crore while the volume-driven, price-competitive Chinese toys are estimated to control 70 per cent of the global toys market.



Below are links to photos and videos from Rafah and the border. For details consult my latest blog entry:
http://lotayef.blogspot.com/2009/02/siege-continues.html

Photos:
http://picasaweb.google.com/lotayef/RafahBorderCrossing20090224#
http://picasaweb.google.com/lotayef/SecurityInTheEgyptianTownOfRafah#
http://picasaweb.google.com/lotayef/EmbassyLetters#

Videos:
http://www.youtube.com/watch?v=ZgxCWe1FRXo
http://www.youtube.com/watch?v=kXfMVa_tOfk

Ehab Lotayef
www.lotayef.com

Slow death of “knowledge city”
V.T. RAJSHEKAR

Bangalore is called the “knowledge city”. And in this great “knowledge city” a fountain of knowledge is dying.

The Hindu, the premier Tamil Iyengar Brahmin English daily, published a report on Feb.2, 2009 about the closing down of the “Premier Bookshop” in Bangalore:

Bangalore: The city’s losses seem to be growing with every passing year, whether it is the number and species of its trees, or its pavements, or its old coffee houses. In a week’s time, we will lose another beloved landmark of our city, the Premier Bookshop, which more than any other bookshop has contributed to the city’s reading culture. The bookstore, squeezed against an old Bangalore pub on the road connecting Church Street and Mahatma Gandhi Road, is inseparable from its owner T.S. Shanbhag, who now contemplates the end of its 37-year-old existence.

RELIGION TAKES OVER
We used to visit this bookshop at least once a month from the past over 40 years. The book shop is owned by a Gowda Saraswat Brahmin from our own district of South Kanara.

Though he knew us and we regularly used to buy books from him, he never used to encourage our Dalit Sahitya Akademy books. When a friend took our books some years back, he refused to keep them. We never bothered because we had no problem to sell our books. Most of his books catered to the upper caste tastes. Since they are the buyers, he has to meet their demands.

BOOK SHOPS DYING
In the past books on social issues used to dominate his bookshop occupying the largest space. But in the past ten years social science went into background yielding place to “Hindu religion”, indicating the Brahminical revivalism among the English-educated reading public.

Books by Brahminical writers were given good display. And yet with all the support that Shanbhag gave to his jatwalas they only let him down. You can take it from us the “knowledge” monopolists will shed no tears over the death of his bookshop.

DUST GATHERING LIBRARIES
They only said Bangalore is a “knowledge city”. And this very knowledgeable people have stopped reading which is proved from the closure of the Premier Bookshop.

Where is the time for the rulers to read serious books? They are in a hurry to make money through manipulation.

Bangalore is not the first to face bookshop closure. There are hardly any scholarly book shops in Delhi, Bombay, Calcutta, Madras or Hyderabad. Upper castes (Hindus), who are the highest educated lot and occupy key positions as the country’s ruling class, as the leader of thought and action, shape the society and its thinking. The closure of the Premier Bookshop, which is the most important bookshop in Bangalore, proves what the “leaders” of India think and act.

THE SHIT IN OUR BRAIN

Not only bookshop. Even libraries are gathering dust. Even in famous universities of India, hardly anybody visits libraries. And yet these “knowledge monopolists” boast they only have the “merit” and hence they alone shall rule.

Meanwhile, the “knowledge city” of Bangalore itself is slowly dying.

We have seen multi-storeyed bookshops with hundreds of buyers in London, Tokyo, New York etc. So too in China. Serious readers are there in plenty. But here in India the biggest demand is for Kamasutra and religious books. Though India is a highly mismanaged country, the second biggest demand is for books on management.

Does it not prove the brains of our rulers is filled with shit? And this shit helps them to manipulate? Yes. In the past 62 years they have killed India itself as they have grown so rich.


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BOOK REVIEW

Marathas are anti-Brahmin but they hate Dalits also
DR. K. JAMANADAS, SHALIMAR, MAIN ROAD, CHANDRAPUR - 442 402

Prof. Shrawan Devare is a noted OBC leader and office -bearer in many organisations, outspoken, frank orator, writer, grass-root worker and a ground-level mass leader in Maharashtra, with many books to his credit.

Looking at the atrocities committed by the OBCs on the Dalits, the latter are feeling that a Brahmin may be better than the OBC. Under this kind of atmosphere Shrawan Devare has been organizing OBC masses and asking them to stand against the upper OBCs or Kshatriyas as he calls it (Kancha Iliah calls pseudo-Kshatriyas) namely Marathas, Thakurs, Rajputs, Patels, Jats etc.

In other words, he is organizing the public opinion against those Marathas who are trying to usurp the reservation benefits of OBCs under false caste certificates as Kunbis. Even some ministers are involved in this, says Devare. The book deals mainly with castes in Maharashtra but some caste problems from North India are also discussed. Though South Indian scenario is not discussed, the principles deduced apply to South also. Marathas express hostility against the Brahmins and expect the same from other non-Brahmins, but they are not sympathetic towards other non-Brahmins. Basically, Marathas are brahminized, they follow all Brahminic festivals and traditions and are very proud of their caste. If they come forward to oppose the system of caste and try to follow Phule Ambedkarites in removing caste, it is quite possible to annihilate the caste system, at least in Maharashtra. For that, Devare rightly asks them to give up their feudal attitude.

Sambaji Brigade demand: During last session of the Maharashtra Assembly, the Chief Minister accepted the demand made by the Sambhaji Brigade to include Marathas under OBCs. Devare calls this “political match-fixing” and he is strongly against the demand. The argument that it will help alienate the Marathas from Brahminic camp does not appeal to him. He says there are many non-Budhist castes taking SC facilities for last 60 years. How many of them have accepted Phule-Ambedkarism. Some vested interests have been successful in spreading an idea that reservation based on caste is not based on economic grounds. India, unlike the rest of the world, has three “poverty lines”. One that separates upper castes from the lower is that even the extremely poor upper caste person will not go to seek work on Employment Guarantee Scheme. An OBC person, how so ever poor, would not go for begging. The third, poverty line belongs to Dalits and Adivasis, which cannot be drawn on any paper; and has all the agony, penury, injustice, insults, and meanness in the world attached to it. Thus the caste-based reservation is also based on economic grounds, argues Devare.

Maratha Seva Sangh: Sambhaji Brigade is the youth wing of Maratha Seva Sangha guided by A. H. Salunkhe and M. M. Deshmukh, both supporters of the Phule-Ambedkar ideology. And therefore, they were helped by all Dalit-OBC organizations, but they do not give equal treatment to any Dalit or OBC worker. Devare warns the Dalit and OBC leaders that if the Marathas (and equivalent castes) are accepted as OBCs, there is a great danger to the movement of “end of caste”. The book is a collection of articles written at different times and has the scope from Mahatma Phule’s movement through Mandal Commission through Gujjar movement to formation of Nacchi Appan Committee. Many events, anecdotes and turns and twists experienced by Dalit-OBC movements are explained with minute nuances, with names of leaders. The Nacchi Appan Committee has recommended three main points:

1. OBCs should get reservation in promotion, 2. Condition of Creamy layer should be abolished, 3. Limit of 50% should be removed.

Devare has prepared a chart of reservations and had submitted to Sharad Pawar in 1993. He wants that to be adopted with necessary modifications. But he laments that Maratha Seva Sangha would not help, but will be ready to take advantage, when real OBCs get it after struggle. The book is an eye-opener to all in Phule-Ambedkarite movement and deserves to be translated into English for wider circulation, may be with an addition of a chapter on South India.

************************

A Marathi book

Maratha Samaja che OBC karan aani jati anta che dhoran

OBCization of Marathas and policy of Annihilation of Caste

Prof. Shrawan Devare

2008 pp. 66 Rs. 50

Sugawa Prakashan, Pune


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Hindus keep their stolen money ($1,500 billion) in Swiss banks
SANJEEV KUMAR SINGH, R.NO. 50-DR.B.R. AMBEDKAR HOSTEL, BHU, VARANASI- 225 001



Shocking. Shocking. Revelations of Swiss bank accounts will be a big shock. If black money deposits become an Olympics event, India would win the gold hands down. The second best Russia has four times lesser deposits. US is not even there in the counting in top five. India has more money in Swiss banks than all the other countries combined.

Recently, due to international pressure, the Swiss Govt. agreed to disclose the names of the account-holders only if the respective govts. formally asked for it. The Indian Govt. is not asking for the details. No marks for guessing why?

We need to start an agitation to force the govt. to do so. This is perhaps the only way, and a golden opportunity to expose the high and mighty and weed out the corrupt upper castes. Forward this message to all honest Indians.

Is India poor? Who says? Ask the Swiss banks. With personal account bank deposits of $1,500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country’s foreign debt, one needs to rethink if India is a poor country?

Dishonest industrialists: Dishonest industrialists, scandalous politicians and corrupt bureaucrats have deposited in foreign banks in their illegal personal accounts $1500 billions, which have been stolen by them. This amount is about 13 times larger than the country’s foreign debt. With this amount 45 crore poor people can get Rs 1,00,000 each. This huge amount has been appropriated from the people of India by exploiting and betraying them.

Once this huge amount of black money and property comes back to India, the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central Govt. So even if all the taxes are abolished, then also the Central Govt. will be able to maintain the country very comfortably.

25,000 thieves: Some 80,000 people travel to Switzerland every year, of whom 25,000 travel very frequently. ‘Obviously, these people won’t be tourists. They must be travelling there for some other reason, believes an official involved in tracking illegal money. And, clearly, he isn’t referring to the commerce ministry bureaucrats who’ve been flitting in and out of Geneva ever since the World Trade Organisation (WTO) negotiations went into a tailspin.

Just read the following details and note how these dishonest industrialists, scandalous politicians, corrupt officers, cricketers, film actors, illegal sex trade and protected wildlife operators, to name just a few, sucked this country’s wealth and prosperity. This may be the picture of deposits in Swiss banks only. What about other international banks?

Top five: Black money in Swiss banks: Swiss Banking Association report (2006) details bank deposits in the territory of Switzerland by nationals of following countries:

INDIA —$1,456 BILLION

RUSSIA —$470 BILLION

U.K. —$390 BILLION

UKRAINE — $100 BILLION

CHINA — $96 BILLION

India with $1,456 billion or $1.4 trillion has more money in Swiss banks than the rest of the world combined. Public loot since 1947.

Can we bring back our money? Why not? It is one of the biggest loots witnessed by mankind — the loot of the aam aadmi (common man) since 1947 by his own brethren occupying public office. It has been orchestrated by politicians, bureaucrats and some businessmen.

The list is almost all-encompassing. No wonder, everyone in India loots with impunity and without any fear. What is even more depressing in that this ill-gotten wealth of ours has been stashed away abroad into secret bank accounts located in some of the world’s best known tax havens. And to that extent the Indian economy has been stripped of its wealth.

Western conspiracy: Ordinary Indians may not be exactly aware of how such secret accounts operate and what are the rules and regulations that go on to govern such tax havens. However, one may well be aware of Swiss bank accounts, the shorthand for murky dealings, secrecy and of course pilferage from developing countries into rich developed ones.

In fact, some finance experts and economists believe tax havens to be a conspiracy of the Western world against the poor countries. By allowing the proliferation of tax havens in the 20th century, the western world explicitly encourages the movement of scarce capital from the developing countries to the rich. In March 2005, the Tax Justice Network (TJN) published a research finding demonstrating that $11.5 trillion of personal wealth was held offshore by rich individuals across the globe.

Bofors money: The findings estimated that a large proportion of this wealth was managed from some 70 tax havens. Further, augmenting these studies of TJN, Raymond Baker — in his widely celebrated book, Capitalism’s Achilles Heel: Dirty Money and How to Renew the Free Market System, estimates that at least $5 trillion have been shifted out of poorer countries to the West since the mid-1970.

It is further estimated by experts that 1% of the world’s population holds more than 57% of total global wealth, routing it invariably through these tax havens. How much of this is from India is anybody’s guess.

What is to be noted here is that most of the wealth of Indians parked in these tax havens is illegitimate money acquired through corrupt means. Naturally, the secrecy associated with the bank accounts in such places is central to the issue, not their low tax rates as the term ‘tax havens’ suggests. Remember, Bofors and how India could not trace the ultimate beneficiary of those transactions because of the secrecy associated with these bank accounts?

Can anybody save India?


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Times of India sinking?
COM. AYYANKALI

Bombay: India’s largest media empire owned by the Marwari Jains, the Times of India group, has shown signs of sinking. Whether it is real or an excuse to bring down the cost of people is not clear. Bennet Colemn & Co. Ltd (BCCL) has started issuing dismissal letters (pink slip as it is called) to its journalist and other staff. One report said it suffered a Rs. 500- crore loss. About 1,000 employes may face dismissal. One by one, Brahminical media is dying. The future is for revolutionary media led by Dalit Voice.


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Dalit Budhists turning enemy of Budhism ?
ANIL RANGARI, BHARATI APTS., GURU NANAK NAGAR, DURG - 491 001

Thanks for publishing my Letter on “Bhima Koregaon-Vijay Divas” (DV Jan.16, 2009, p.14). You have published 3,000 Mahar horse-riders by mistake. But actually in the British army there were only 500 Mahar soldiers and 300 Mahar horse-riders. While returning, I suffered an accident on Jan.8. The injury will take a month to heal. The Vipassana fever seriously harms the Budhist movement. Most of our Budhist literature today is anti-Budhist, anti-humanist. They are seriously harming the Budhist movement started by Babasaheb Ambedkar. By not understanding Babasaheb’s Budhism our Budhist brothers themselves are becoming the enemy of Budhist movement.


--------------------------------------------------------------------------------

Popular Front makes waves
V.T. RAJSHEKAR

Bangalore: We just returned from a 3-day (Feb.13-15) fantastic function at Caicut (Kerala) of the Popular Front of India which is emerging as a political movement led by the Muslims of Kerala. The final day Arabian seafront (Calicut beach) public meeting saw a massive gathering of over 2 lakh Muslims. A sea of humanity beside the Arabian sea. Representatives of Muslims, Christian, SC/ST/BC came from all parts of India.

But the notorious anti-Muslim Brahminical media simply ignored such a historic event —once again stressing the need for setting up our own media.

We spoke at the “media meet” and our plan to set up a media centre in Delhi but the Muslims present including the Editor of Tejas, a Malayalam daily, and the brain behind the whole show, had no reaction. Poverty of thinking is too much with Muslims.

We will come out with a bigger but interpretive report on this historic event. Meanwhile, our family members may write to Brother (Prof) Koya, extending our full support. (Thejas Daily Library, Media City, Nallalam PO, Kozhikode - 673 027).


--------------------------------------------------------------------------------

Brahminism co-opts Christianity ?
Brahminical rulers first finished Sikhism (1984) and then Christianity. Only Islam is left but half dead. No doubt Muslims are fighting back but the indications are they are already put on the defensive.

The above article by Kerala’s Syrian (Roman Catholic) Christian leader shows how deep is their love for Brahminism because Kerala’s Syrian Christains consider themselves Brahmin (converts).

The country’s mere 2% Brahmins are swelling their ranks by recruiting exploiters within Sikhism and Christianity — the two liberating religions that did so much for the oppressed Dalits, tribals and the OBCs.

When the ruling class is gathering new recruits and their grinding machine to crush the Bahujans is working overtime, why the rulers are feeling so insecure, so threatened? — EDITOR

(DV Jan.1, 2009 p.12: “Syrian Christian leader calls
for Hinduisation of church”)


--------------------------------------------------------------------------------

Upper castes in all religions deserting their “low caste”brothers
Brother Joseph Pulikunnel has not clarified if he is equating “Indianisation” of the church with hinduisation. Since the Dalits, tribals and Backward Castes, who together constitute over 85% of the Indian population and victims of Hinduism, which is the other word for Brahminism, such a clarification is necessary. Because the over 85% of the Indian Christians are converts from SC/ST/BCs who went over to Christianity to seek liberation from Brahminical caste system which enslaved them. It is now becoming clearer that the upper caste Christians, Muslims and Sikhs in their anxiety to get closer to their jatwalas among the Hindus are deserting their “low caste non-Aryan” religionists. “Caste identity” within different non-Hindu religions is getting stronger. This is a good development and we welcome it. Let all the Hindus (meaning 15% upper caste Aryans) and their counterparts in the “religious minority religions” come together which will force their brothers to join with SC/ST/BCs to prepare for the coming varna yudha (caste war) — EDITOR.
http://www.dalitvoice.org/Templates/march2009/articles.htm

Editorial



DV calls the bluff of “India Shining” : UN agency
shatters false image
From Dec.1, 2006 —for about two years— we started publishing a new column, “India Shining”, regularly in every issue of DV on p.13. The short reports published in this column are taken from the Brahminical toilet papers to prove the false claim of the ruling class that India’s “gallop” into unprecedented prosperity is all bullshit. Such a false claim of quantum jump from 8.6 to 9% to 10% GDP is proved wrong by the very toilet papers who made this claim.

Reckless exploiters: India’s ruling upper castes cannot be more than 15% of our population. They are led by the vaidiks who have been the traditional centuries-old exploiters whom Budha, Guru Ravidas, Nanak, Phule, Dr. Ambedkar, Periyar E.V. Ramaswamy fought. They are the country’s leaders of thought and action having co-opted the other three caste groups—Kshatriya, Vaishya and to some extent even the shudra—and converted them into reckless, heartless exploiters.

What we have in the country today is the rule of this 15% upper castes who alone are the Hindu.

The exploited people comprise the SC/ST/BCs (65%) and Muslim/Christian/Sikhs (20%).

We have given this caste-wise statistical break-up in almost every writings on the subject.

With minor exceptions this 15% ruling class constitute the fair-skinned “India Shining” group and the rest are their servants and slaves. However, some among the slave castes and communities did break the barrier and became the bum-lickers. Sharad Pawar, the Maratha war-lord, Chandra Babu Naidu, the Khamma cooli, Narendra Modi, the Gujarati Teli, today, are some examples among the political class.

Near the gates of swarga: This 15% rulers together with their bum-lickers have twisted our very value system and bent our very way of life to suit their immediate needs. What is worrying is the way these rulers are killing the very future of our children by instilling in them all false and dangerous values. Unthinking people reading these “India Shining” stories in the media get the impression that the country is flowing with milk and honey. And that we are just a couple of miles away from the gates of swarga.

What appears as their outward success — even as the inner strength of the country’s core values are collapsing — is due to the Brahminical toilet papers and TV which they have captured to distort and destroy the minds of those who are willing to get their minds destroyed. Once you make the youth gullible with such powerful psychological assaults the weak minds simply succumb. But the Bhoodevatas remain unchanged. While they pulverise our brains, their values are fully rooted in the system propounded in their holy Vedas and Shastras.

Kamasutra: Their main preoccupation is eating, entertainment, sex (kamasutra), and cheating. A life of perpetual pleasure and leisure.

From centuries they have been only pleasure-seekers and without doing any work they subject the rest to mental and physical crucifixion — which our people willingly undergo. This is the painless operation which in other words is called Hinduism. For details, please read our book, Know the Hindu Mind (DSA-2008, Rs. 100). They have been doing this since centuries and anybody coming in the way is mercilessly tackled and finished. DV has published articles on how they killed Saint Ravidas and his disciple Meerabai. (DV Feb.1, 2009 p.9: “Why Guru Ravidas was murdered?”). The cumulative effect of the Brahminical “India Shining” is proved in the recent Beijing Olympics. (DV Edit Sept.16, 2008: “Beef-eating & Olympics: India suffers Himalayan humiliation because of Hindu hate-mongers”).

As the overwhelming 85% of the slaves of India have no media of their own except Dalit Voice, what they paint as “India Shining” is taken as the supreme truth.

But the United Nations has created a new organisation called the Millennium Development Goals (MDG), an official of which recently visited India and his report speaks out the truth.



--------------------------------------------------------------------------------

BILLIONS TRAPPED IN POVERTY
India fails to meet MDG standards
TAJUDEEN

By official reckoning the GDP of India now belongs in the global elite if economies numbering only 12 countries in the world that have a trillion dollar economy. But how is this wealth spread across the country? The top 5% of the population control almost 40% of this wealth with more than 50% in the hands of top 10% altogether and the bottom 10% owning only 0.2% of the nation’s wealth and the bottom 50% owning less than 10% of the wealth. Gandhi’s statement about there being enough in the world to satisfy our need but not enough to satisfy our greed, is even truer of India today. But is anyone who matters listening? Interacting with some of the community political activists of the poorest of India shook my Gandhian/Congress Party of India loyalties. Any believer in the Mahatma has to stay away from V.T. Rajshekar, the crusading veteran journalist, V.T. Rajshekar who is the Editor of Dalit Voice. My brief interaction with him and reading some of his books such as the collection of essays he edited, Gandhi You Do Not Know, gave alternative analysis of the man that is very much less rosy than popularly understood and believed. We went to a village just 15 kilometer from New Delhi that gave us the starkest contrast of life in India. It is indeed incredible: cows moving as sacred animals holding up traffic, buffaloes used as we use cows — dispensing milk, tuk tuks, tricycles, all kinds of cycles, an assortment of Indian made cars. In short any movable objector being is used for transport.

In Bardarpur Khaddar, a small village of not mor than a couple of thousands, predominantly Muslim and Dalit (lower caste of Untouchables) you come face to face with how poverty and inequality affects the majority Indians. A country that has produced its own missiles, is leading in science and technology, ICTs, trading and manufacturing and almost anything else, yet the 400 children in this village have no school, no health facilities and travel to Delhi with extreme difficulty.

At an interaction with the community I asked them if they had elected representatives at the local, state and central levels and they answered “yes”. I then challenged them to use their votes to deny political power and legitimacy to leaders who will not respond to their needs. One of the community leaders, with obvious pain and frustration on his face, shook his head and told us that they had tried that and no one noticed. The explanation is that they are an insignificant demographic and political force without power to threaten the powers that be. When people do not have faith in their vote, what do they care if India is the smallest or largest democracy in the world?

As India celebrates its 52nd independence on 15th August its political leaders must address the incongruous situation that affects millions of its population who are structurally trapped in poverty. India will meet the MDGs, but hundreds of millions of Indians like the villages of Badarpur Khaddar, will not. Neither Gandhi nor Indian movies can satisfy them, only concrete action by their leaders.

(tajudeen.abdulraheem@gmail.com)
http://www.dalitvoice.org/Templates/march2009/editorial.htm



SamayLive
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SINDH TODAY
Cong-DMK alliance to continue for LS polls: Azad
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World News
Ajit Singh's RLD joins NDA for Lok Sabha polls
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हिंदी में

Sify
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Calcutta Telegraph
Delhi BJP announces committees for Lok Sabha polls
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New Delhi (PTI): The Delhi BJP on Saturday constituted various committees in connection with coming Lok Sabha elections. Senior BJP leader Kidar Nath Sahani ...
Chinks in BJP-JD(U) election partnership Calcutta Telegraph
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Business Standard
Parties begin pre-poll jostling
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"We will jointly fight the coming Lok Sabha polls in West Bengal," Mukherjee told reporters with Banerjee sitting beside him. That was a welcome development ...
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हिंदी में

Sify
LS polls a prestige issue, stay united: Mayawati to party workers
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Lucknow (PTI): Terming the Lok Sabha elections a "prestige issue" for BSP, its supremo Mayawati on Monday asked the partymen to set aside their differences ...
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Boost for SP as it wins seat held by BSP Economic Times
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Lok Sabha poll dates today
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Lok Sabha poll schedule to be announced
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Along with the Lok Sabha schedule, the EC is also likely to announce the schedule for assembly polls in Andhra Pradesh, Orissa and Sikkim. PTI.
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August 17, 2006

The Lebanon War, a Post-Mortem
Israeli Militarism and the Necessity of a One-State Solution
By ALAN HART

I'm going to suggest to you that what we might now be witnessing is the long beginning of the end of the Zionist state of Israel. In the next 10 minutes or so I will talk my way to an explanation of why I think so; and then I'll address the question of what the most likely consequences would be. I can see two--One State of Palestine for All and real, lasting peace, or Catastrophe for All... and by "All" I don't just mean Israeli Jews and the Arabs of the region, I mean all of us, everywhere. I thought I would be the first to give voice in public to the idea that Israel might be planting in Lebanon the final seeds of its own destruction, but while I was working on my text for this evening, I came across an interview given by Zbigniew Brzezinski, who was PresidentCarter's National Security Adviser. He said: "Eventually, if neo-con policies continue to be pursued, the United States will be expelled from the region and that will be the beginning of the end for Israel as well."As Israel's bombardment of Lebanon unfolded, a great deal of nonsense was written and spoken by pundits and policymakers throughout the mainly Gentile Judeo-Christian world about why it was happening. The main thrust of the nonsense was that Hizbullah started the war and that Israel was merely defending itself. I think the truth about Hizbullah's role in triggering the war can be summarised as follows--bearing in mind that the border incident of 12 July was one of many since Israel's withdrawal from Lebanon in May 2000, and which more often than not, according to UN monitors, were provoked by Israeli actions and/or Israeli violations of agreements. By engaging an IDF border patrol, killing three Israeli soldiers and taking two hostages, and firing a few rockets to create a diversion for that operation, Hizbullah gave Israel's generals and those politicians who rubber-stamp their demands the pretext they wanted and needed to go to war--a war they had planned for months.

I was reminded of what was said to me on the second of the six days of the 1967 war when I was a very young ITN correspondent reporting from Israel. One of my sources was Major General Chaim Herzog. He was one of the founding fathers of Israel's Directorate of Military Intelligence. On the second day of that war he said to me in private conversation: "IfNasser had not been stupid enough to give us a pretext for war now, we would have created one in the coming year to 18 months." Hizbullah's purpose in taking Israeli prisoners/hostages was to have them as bargaining chips - to secure the return of Lebanese prisoners Israel had refused to release in a previous prisoner exchange. As former President Carter implied in an article for The Washington Post on I August, it was not unreasonable for Hizbullah to assume that an exchange would be possible because "the assumption was based on a number of such trades in the past." But on 12 July 2006 the government of Israel was not interested in trades. It did not give a single moment to diplomacy or negotiations of any kind. It did not even consider a local retaliation to make a point. Israel rushed to war. As Defence Minister Amir Peretz put it: "We're skipping the stage of threats and going straight to the action."

On the subject of Hizbullah's rockets, (which are hit-and-miss low tech weapons when compared with Israel's state of the art firepower), it is right to ask-Why, really, were they there? What, really, explains Hizbullah's stock-piling and its bunkering down? The honest answer, which has its context in the whole history of the Arab-Israeli conflict, and Zionism's demonstrated designs on Southern Lebanon in particular, is this: Hizbullah was strengthening itself militarily for the same reason as Eygpt did when President Nasser, with great reluctance after America had refused to supply him, accepted weapons from the Soviet Union. Nasser did not upgrade Eygpt's military capabilities to make war on Israel. He wanted to be able to demonstrate to Israel that attacking Eygpt to impose Zionism's will on it was not a cost-free option. In other words, Hizbullah had been improving its military capability to deter Israeli incursions and attacks, which was something the Lebanese army was incapable of doing. Am I suggesting that Hizbullah would not have let loose its rockets if Israel had not gone for the war option? YES! The notion that, on 12 July 2006, Hizbullah was joined in conspiracy with Iran and Syria to wipe Israel off the face of the earth is nothing but Zionist and neo-con propaganda nonsense--to justify Israel's latest war of aggression and also, perhaps, to justify, in advance of it happening, war on Iran.

It's true that the rhetoric of Iran's President gave and gives a degree of apparent credibility to Zionist and neo-con spin--but only to those who are unaware of, or don't want to know, the difference between the facts and documented truth of the real history of the Arab-Israeli conflict (as in my book) and Zionism's version of it. To those who really want to understand why the Zionist state of Israel behaves in the way it does, and is (as described in a recent article courageously carried by The Independent) "a terrorist state like no other", I say not only read my book, but give special attention to page 485 of Volume One. On it I quote what was said behind closed doors in May 1955 by Moshe Dayan, Israel's one-eyed warlord and master of deception. He was in conversation with Israel's ambassadors to Washington, London and Paris. At the time the Eisenhower administration was pressing Israel to abandon its policy of reprisal attacks.

Eisenhower was aware that Nasser did not want war with Israel, and that he would, when he could, make an accommodation with it. Eisenhower also knew that Israel's reprisal attacks were making it impossible for Nasser to prepare the ground on his side for peace with Israel.

In conversation with Israel's three most important ambassadors to the West, Dayan explained why he was totally opposed - whatever the pressure from the West - to the idea that Israel should abandon its policy of reprisal attacks. They were, he said, "a life drug." What he meant, he also explained, was that reprisal attacks enabled the Israeli government "to maintain a high degree of tension in the country and the army."

What, really, did that mean? Israel's standing or full-time army was (as it still is and must be) relatively small, not more than about 23,000 souls in all. The other quarter of a million fighting men and women who could be mobilised in 48 hours were reservists from every walk of Israel's civil society. The real point? Without Israeli reprisal attacks and all that they implied--that the Zionist state was in constant danger of being annihilated - there was a possibility that some and perhaps many reservists would not be motivated enough to respond to Zionism's calls to arms.

Put another way, what Dayan really feared was the truth. He knew, as all of Israel's leaders knew, that Israel's existence was not in danger from any combination of Arab forces. And that was the truth which had to be kept from the Jews of Israel. Dayan's fear was that if they became aware of it, they might insist on peace on terms the Arab regimes could accept but which were not acceptable to Zionism. Among those present when Dayan explained the need for Israeli reprisal attacks as a "life drug" was the Foreign Ministry's Gideon Rafael. He reported what Dayan told the ambassadors to Prime Minister Moshe Sharret-in my view, and with the arguable exception of Yitzhak Rabin, the only completely rational prime minister Israel has ever had. And we know from Sharret's diaries what Rafael then said to him: "This is how fascism began in Italy and Germany!"

Ladies and gentlemen, I think future historians may say that was how fascism began in the Zionist state of Israel.

The idea of Israel as a fully functioning democracy is a seriously flawed one. It's true that Israeli Jews are free to speak their minds (in a way that most Jews of the world are frightened to do), and to that extent it can be said that Israel has the appearance of a vibrant democracy... But in reality, and especially since the countdown to the 1967 war, it's Israel's generals who call most of the policy shots, even when one of them is not prime minister.

In June 1967 Israel's prime minister of the time, the much maligned Levi Eshkol, did not want to take his country to war. The war, was imposed upon him by the generals, led by Dayan. As I explain in Volume Two of my book, what really happened in Israel in the final countdown to that war was something very close to a military coup in all but name.

And that's where we are today--the generals effectively calling the shots in Israel, to the applause of the neo-cons. Why, really, did Israel's generals want to make war on Lebanon? There was obviously much more to it than the collective punishment of a whole people as part and parcel of a stated objective - the destruction of Hizbullah as a Moslem David which could hit and hurt the Zionist Goliath. I think there were two main reasons. The first was that Israel's generals believed they should and could restore the "deterrent power" of the IDF (Israel's war machine). They believed, correctly, that it had been seriously damaged by Hizbullah's success in not only confronting the IDF following Sharon's invasion of Lebanon in 1982, but eventually forcing it to withdraw, effectively defeated and humiliated... I think it is more than reasonable to presume that for most if not all of the past six years, Israel's generals were itching to make war on Lebanon to repair that damage--to restore the IDF's deterrent power. Put another way, it was time, Israel's generals believed, to give the Arabs (all Arabs, not just Hizbullah) another lesson in who the master was.

The second main reason for the insistence of Israel's generals on 12 July this year that war was the only option...? I think it's also more than reasonable to presume that they saw the opportunity to ethnically cleanse Lebanon up to the Litani River, with a view, eventually, to occupying and then annexing the ethnically cleansed territory. For Zionism this would be the fulfilment of the vision of modern Israel's founding father, David Ben-Gurion - a Zionist state within "natural" borders, those borders being the Jordan River in the East and the Litani River of Lebanon in the north. Israel gained control of theJordan River border in its 1967 war of expansion, but prior to its rush to war on 12 July, all of its attempts to establish the Litani border had failed. Since 1982 because of Hizbullah's ability to cause the occupying IDF forces more casualties than Israeli public opinion was prepared to tolerate. According to those currently calling the policy shots - Israel's generals and politicians, the neo-cons in and around the Bush administration and their associate in Downing Street - the name of the game is creating a "new Middle East". It is happening. A new Middle East is being created.

But what kind of new Middle East will it actually be? In my analysis it will be one in which the Zionist state of Israel, having rejected a number of opportunities to make peace with the Palestinians and all the Arab states, will become increasingly vulnerable and, at a point, actually for the first time ever in its shortish history, could face the possibility of defeat. In my view the seeds of that possible defeat have just been sewn in Lebanon. The fact is that Israel's latest military adventure has been totally counter-productive in that it has caused Hizbullah to be admired by the angry and humiliated masses of the Arab and wider Moslem world. That being so, would it really be surprising if, in growing numbers, Arabs and Moslems everywhere begin to entertain- if they are not already entertaining-something like the following thought: "If 3,000 Hizbullah guerrillas can stand up to mighty Israel for weeks and give it a seriously bloody nose, what would happen if we all joined the fight?" (Do I hear the sound of pro-Western Arab regimes being toppled? Yes, I think so). I imagine that even the thought of Israel being defeated one day will bring joy to very many Arabs and other Moslems. But there ought to be no place for joy because there's no mystery about what would happen in the event of Israel actually being on the brink of defeat. I want to quote to you now from one of my Panorama interviews with Golda Meir. (It can be found, this quote, on the second page Volume One of my book, in the Prologue which is titled Waiting for the Apocalypse).

At a point I interrupted her to say: "Prime Minister I want to be sure I understand what you're saying... You are saying that if ever Israel was in danger of being defeated on the battlefield, it would be prepared to take the region and the whole world down with it?" Without the shortest of pauses for reflection, Golda replied: "Yes, that's exactly what I'm saying." In those days Panorama went on-air at 8 o'clock on Monday evenings. Shortly after the transmission of that interview The Times had a new lead editorial. It quoted what Golda had said to me and added its view that "We had better believe her." How, actually, would the Zionist state of Israel take at least the region down with it? It would arm its nuclear missiles, target Arab capitals, then fire the missiles. Such an End-Game to the Arab-Israeli conflict, if it happened, and which I would describe as a self-fulfilled Zionist prophesy of doom, would probably take many years to play out. But the countdown to such a catastrophe would be speeded up if, as Brzezinski put it, "neo-con policies continue to be pursued." If they are, and if Iran is attacked, I think that a Clash of Civilisations, Judeo-Christian v Islamic, would become unstoppable.

Is there no way to stop the madness and create a "new Middle East" worth having? Yes, of course, there is, but it requires the agenda of the neo-cons and their associates to be thrown into the dustbin of history, in order for there to be a resolution of the Palestine problem, which I describe as the cancer at the heart of international affairs. Unfortunately, and because of the facts Zionism has been allowed to create on the ground in Israel/Palestine, it's already much too late for a genuine two-state solution, one which would see Israel back behind more or less its pre-1967 borders with Jerusalem an open city and the capital of two states. The conclusion which I think is invited is this:

If the countdown to catastrophe for all is to be stopped, the only possible solution to the Palestine problem is One State for All. That would, of course, be the end of Zionism's colonial enterprise and of Zionism itself. But in my view that's what has to happen if there's to be a "new Middle East" in which there can be security and peace for all, Arabs and Jews. Ladies and gentlemen: I'm not a politician or, any more, a working journalist and broadcaster who must write and speak in way that doesn't offend very powerful vested interests. I am a reasonably well informed human being who cares and who is free to say what he really thinks. (Which probably makes me a member of a very small club!)

And in summary of all that I've said this evening, what I really think comes down to this: The equation is a very simple one: No justice for the Palestinians = no peace for any of us.

Alan Hart is a well-known Middle East scholar.

http://www.counterpunch.com/hart08182006.html


Narmada Bachao Andolan
2, Sai Nagar, Mata Chowk, Khandwa, M.P.
Jail Road, Mandleshwar, Khargone, M.P.
Tel : 0733-2228418/2911018,9425928007
______________________________________________________________
Press Note : 28.02.2009
Oustees demand stoppage of Maheshwar dam in front of Environment Monitoring Committee

The oustees of Maheshwar Dam demanded immediate stoppage of Maheshwar dam in village after village during the visit of the Monitoring Committee constituted by the Ministry of Environment and Forest. The oustees told the Committee that the project authorities have completely failed to rehabilitate the oustees but the construction work is going on full pace. Therefore, as per the conditions of the clearance the dam work should be stopped.
The Monitoring Committee:
It may be stated that on 1st May 2001, the Ministry of Environment and Forest transferred the statutory clearance regarding Maheshwar Project to the Shree Maheshwar Hydel Power Corporation Limited (SMHPCL), the company building the dam. As per this clearance a Monitoring Committee was constituted to ensure that the rehabilitation work should be carried out at the same pace of concreting. The Committee headed by Mrs. Nirmala Buch visited the area on 23rd and 24th of February,2009.
23rd February 2009:
The committee visited the Bakawa rehabilitation site and found that the R&R site does not have most of the amenities. The oustees of Villages Mardana, Nagawa and Bhatyan villages have gathered there in large numbers. They told the Committee that though the R&R Policy is one of allotment of agricultural land for land, none of the oustees has been given any agricultural land so far. Even resettlement site for the majority of the oustees is yet to be prepared. The project authorities have completely failed in preparing any comprehensive Rehabilitation Plan. As per the environmental clearance, the R&R Plan should be ready by December 2001. The oustees demanded that the construction of the dam should be stopped immediately and a comprehensive land based rehabilitation plan should be prepared and implemented.
24th February, 2009:
On 24th of February a large delegation of villagers along with senior Narmada Bachao Andolan activist Shri Alok Agarwal met the Committee. The delegation told the committee that the agricultural lands of the oustees are being illegally purchased by the SMHPCL. No one is being allotted agricultural land. As far as resettlement is concerned, the project authorities have themselves admitted that only 3% oustees have been allotted plots and rest 97% remain to be resettled. The Andolan demanded that since the conditions of the clearance have been violated, the dam work should be stopped and the authorities should be directed to prepare a comprehensive Rehabilitation and Resettlement Plan.
When the committee visited the village Lepa, they were told that there is no site for half of the village and for the rest, the R&R site is incomplete. The oustees asked that first they should be given land for land and only after that any resettlement site can be built near these lands, as per the conditions of the environmental clearance. In villages Amlatha and Teliyaon oustees asked for stoppage of dam construction. The project authorities were completely embarrassed in village Teliyaon when the Monitoring Committee found the claim of the authorities that all the villagers of this village had moved out was completely baseless.
Hundreds of oustees of villages Pathrad, Sulgaon, Gogawa, Behgaon, Pitamali, Sitoka, Malgaon, Naharkhedi, Jalud, Khedi etc. also met the Monitoring Committee and demanded the immediate stoppage of construction on the dam. It may be noted that on the 18th February 2009, the M.P. High Court has already given a stay on any further dam construction which would block the river, and on the purchase of the agricultural lands of the oustees by the Company until the next date of hearing.

Bhagwan Mukati, Ramkuwar, Sanjay Nigam, Kadvijiji, Chittaroopa Palit


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MOSSAD TERROR: Confessions of a Secret Agent by "Israel Shamir"

Confessions of a Secret Agent by "Israel Shamir"

PARADISE NOW Or Confessions of a Secret Agent
(A tribute to Hany Abu-Assad and his
film)
By Israel Shamir
[This protocol of interrogation of General Dan Ayalon by the Reconciliation
Committee (Chairman: Mustafa Nashashibi, Deputy Chairman: Yossi Atzmon,
Secretary: Svetlana Kuznetsova), bears the date June 12, 2015, a few years
after Israel and Palestine were united in one state, the Kingdom of Canaan.
However, this confession of the last chief of the Jewish state?s security
apparatus was considered so sensitive, that its publication was delayed
until our own year 2035.]

Chairman: Tell us about suicide bombings of 1990s and 2000s. Why couldn?t
you prevent these actions?
Ayalon: I want to remind you that nothing I say can be used against me,
according to the Reconciliation Law. I intend to leave this building a free
man.
Secretary: Yes, we all know that. Speak freely.
Ayalon: The suicide attacks did not occur due to our neglect or impotence.
To the contrary, they were our greatest achievement.
Deputy Chairman: What do you mean by achievement? Hundreds of innocent
Israelis died!
Ayalon. Remember the beginning of the 1990s? After Rabin?s electoral
victory, the West Bank and Gaza were cut off from Israel; check-posts were
set up, and the Palestinian workers were forbidden to come and work in
Israeli cities. Their places were taken by tens of thousands of guest
workers we brought in from Thailand and China. Palestinian workers could
not find an employment back home, either: their lands had been taken by
settlers and by the military. Being pushed off their lands, locked up in
their own villages and towns, the Palestinians were bound to resist. We
could not stop the Palestinian resistance completely. This was our first
presumption. We had to give in somewhere, had to channel their resistance
into some palatable form. This was presumption number two. The third was
our desire to preserve our main advantage, their relative lack of military
experience.
It takes time to train a soldier; at least half a year just for beginners.
A fighter who has survived a few battles is worth ten fresh ones. With
experience, a fighter becomes more daring and cautious. We were afraid
that, in the course of resistance, a well-trained guerrilla army would form
and challenge our hold on Palestine.
Chairman: What rot! In 1993, Arafat came back to Ramallah and Gaza with
thousands of seasoned fighters, who fought in Lebanon and Jordan.
Ayalon. Arafat?s fighters had received their salaries, and did not want to
fight. They wanted to rule whatever they were allowed to rule. They had yet
to learn their ropes around Palestine, for the country had changed a lot
since 1967, and they had had little touch with the country since then. So
Arafat?s army was of no concern to us. The people we were worried about
were the youth of First Intifada. They were daring, brave, knew their way
around the country and they were not afraid of us. We could break their
arms, as Rabin ordered, but we could not break their spirit.
Once, during a brainstorm session in my office ? it was in 1993 ? Motti,
the head of the Psy-Op section said:
- We can?t stop their attacks, but we can kill every attacker.
- How can we achieve this?
- We can create a virus of self-destruction and infect the youth
with it.
- What do you mean ? a virus?
- A system virus, like the one that assaults computers. We have the
greatest power in the world, our control over media. Through it, we shall
glorify those who die, not those who keep fighting. What I mean is: let us
promote their suicide attacks, said he.
This proposal did not make sense to me, and I said so. The ?suicide
attacks? we knew of in those days were usually carried out with
explosives-loaded cars in Lebanon. Often as not, the driver did not know
what he was driving; otherwise, he usually had a fair chance to escape. Our
two heroes of
1948 drove a lorry loaded with explosives up to Jaffa town hall; they were
prepared to die with the enemies, but the clock delay mechanism worked fine
? 30 Arabs were killed, while the heroes got away. A proper suicide attack
was usually aimed against a very serious object, something worth dying for,
like the US Marines army base in 1983. In that case, the suicide driver
died, but took with him some 250 Marines, and caused the withdrawal of
American troops from Lebanon.
- No, said Motti. ? I do not mean cars. With cars, the terrorist
may escape. We shall encourage them to tie explosives on their body.
I was not convinced at all. Where would you find such silly suicides? An
Arab can?t get close to any worthy target in Israel. He has no chance to
enter a military base, a ministry, a house of an important man. So it has
to be a low-quality target, and a high-quality fighter will die for it.
Hardly a bargain, for the resistance! But Motti had a plan:
- In order to lure them into the trap, we should allow them some success,
some good score. Afterwards, when they will get hooked, their successes
will dwindle, but we shall achieve our goal: the best and the most noble
and brave Palestinians will die.
He took out his diary, and began to draw the scheme. His idea was as
follows: through our agents within the resistance, the fighters should be
sent to blow up buses. We would know of their plans and would help them to
get through check posts. At the same time, our liaison with the media would
exaggerate our inability to deal with this threat. It would be described as
?the secret weapon of Arabs?. A good fashion designer from Tel Aviv will
create a sexy shaheed?s belt. All papers and TV stations would write about
the martyrs. They would get lots of coverage and attract young followers,
while exploits that were really dangerous for us would be covered up and
silenced.
Chairman. Why did you decide to use this technique just then, in 1993, and
not before?
Ayalon. There were two reasons, but only one was discussed openly. At that
time, an Islamic underground movement took its first steps in mounting
armed resistance; the movement lacked experienced cadres but was eager to
show its hand. They were ready to try harder, and the idea of achieving
results without long training appealed to them. They also attracted more
spiritually oriented young men and women who were ready to sacrifice their
lives.
Deputy Chairman. And what was the second, hidden reason?
Ayalon. Well, none of us was fond of Yitzhak Rabin, of the left-wing Labour
party, or of the Oslo accords. We felt that if, at the same time, our plan
would derail Israeli left, and bring Likud to power, it wouldn?t be a bad
thing. And so it did!
Secretary. Had you no heart? How could you allow your enemies to kill
innocent bus passengers?
Ayalon. Gentlemen, we could not channel Palestinians? anger into sand.
Somebody had to be killed, but we had the luxury of deciding what sort of
killing would get the green light. If we did not allow them to bomb the
low-quality rabble that rides buses they would hit specific and painful
targets. Think of Rehavam
Zeevi, the minister. He was shot at a hotel in Jerusalem, and his assassin
escaped. This was painful: today they kill Gandhi [Zeevi?s nickname],
tomorrow they kill the Prime Minister!
Deputy Chairman. Or even you.
Ayalon. Indeed, even me! They could go after specific targets and make our
life difficult. These targets could appear justifiable to a foreign
audience, and even to Israelis. We uncovered a plan to assassinate the
contractors who built the Wall. The names of the contractors were well
known, and we could not protect them all. Two or three successful hits and
we would have no contractor ready to build the Wall. They could target
people well-known for their cruelty. For instance, an Israeli newspaper
published an interview with
?
Captain
George?, a Shabak officer who raped the captive Lebanese, Dirani. The
newspaper gave enough hints to find the man, and there was a Palestinian
group trying to locate ?the Beast?, as the newspaper called him. Another
group planned an attack on the settler
Avri
Ran who terrorised the peasants of Yanoun. They could take a page from our
book, and kill prominent supporters of Israel: editors, journalists,
politicians in the US and Europe. This would cool off our support base
rapidly, as our assassination of Lord Moyne in 1944, for adam karov etzel
atzmo, says the Talmud: a man cares about his own skin first of all. This
is why we gave a green light to bus bombers. Only when the pattern was
established, when every Palestinian child dreamt of suicide bomber?s glory,
did we block off the buses. After that, the suicide bombers had very little
success: markets, places frequented by dropouts, junk food stalls. Your
average suicide bomber killed 1.4 Israelis, but even this 1.4 usually were
poor, retired or other people of no importance.
Deputy Chairman. How could you say such things about your fellow-Jews!
Ayalon. In my youth, I met with Yitzhak Sade, the Haganah commander, the
hero of 1948. I asked him about the M/S Patria, a refugee ship he and his
men sank in Haifa harbour killing 250 Jews. Had he no pangs of conscience?
He told me: sometimes, you have to sacrifice Jews, so the Jewish People
will live forever. But we tried to spare Jews. For instance, one of our
well-planned operations was aimed against the Russians. It was very
successful: the victims were mainly non-Jewish Russian immigrants who went
to desecrate Sabbath in a seashore disco; but this explosion helped to
bring the Russian community closer to us. Before this event, they felt
little solidarity with Israel. Moreover, we organised the German Foreign
Minister, Yoshka Fischer?s stay in an hotel and a room overlooking the
disco. This was not easy: no high officials ever stayed in this hotel ?
rather too far from Central Tel Aviv. But our people convinced him that it
was newer and more comfortable. He stayed, practically witnessed the blast
himself, and became devoted to the Jewish cause.
Chairman. How could you direct the bomber to this specific place?
Ayalon. In this case, the bomber was on our payroll, and he had no idea
that his suitcase contained explosives. He was taken to the place by one of
our agents, and was told to deliver the case to the manager of the disco.
In other cases, our agents within the resistance directed the bombers. In
any case, the bombers did not understand Israeli society: thus, a young
promising student from Nablus killed himself in the Carmel Market of Tel
Aviv. He thought that in Tel Aviv, like in Nablus, everybody goes to the
market stalls. As a matter of fact, he killed two retired men and a Chinese
guest worker, while wasting himself. Thus, it was not a 100% fool-proof
operation ? some bombers exploded where we did not want them to, but even
they were not about to strike again. They would always die ? and that was
the best part of the plan.
Just think what they could do otherwise! Do you remember the lone sniper of
Wadi Haramiyeh, who shot
and killed 10 of our soldiers? His main advantage was that he acted alone,
so none of our agents could inform us beforehand. He did not try to die ?
he tried to kill. If there were more such fighters, our rule would collapse.
Secretary. But the suicides were not only in Palestine, but in Iraq and
elsewhere! Would you claim this was also your achievement?
Ayalon. No, and that was the best part of it. After we established the
pattern, people would copycat it. Actually, people always copycat every
well-advertised deed. As in those years we had strong influence on the
world media (owned a big part of it, as well), we could make PR for
whatever we want. If we had given full coverage to the sniper of Wadi
Haramyeh, the next day there would be hundreds of youths trying to repeat
his deed. That is why we blotted his name. But suicide operations would
always get full coverage. Amusingly, this invention of ours became a Muslim
trademark, though prior to 1993 no Muslim had ever participated in one. In
order to hide this fact, our people in the media and our experts in the
Academy muddled the issue by referring to heretic Assassins and to Lebanese
car-bombers, though these terrorists had a chance to escape and survive.
They also attacked big and important targets. We invented the only
sure-fire method to kill the best Palestinian and Muslim youth for a small
price ? by inflicting them with our media-borne virus of self-destruction.
Chairman: the commission will retire for discussion. Please wait here. (a
few minutes later). We thank you, General, for your frankness. You
appreciate that so many fine young men and women, the best youth of
Palestine, died in this horrible and quite useless way. The discovery that
it was your trick would ruin lives of their proud parents. Moreover, you
presented no proof for your version of events: it could be a play of your
imagination. It is better for everybody to let the dead heroes sleep
undisturbed. In accordance with article 12b of Reconciliation Law I declare
this subject closed and sealed from public eyes for 50 years.

http://www.imdb. com/title/ tt0445620/
[Paradise Now, a film by Hany Abu Assad about suicide bombers]


Selling nuclear power to the Royals
“Radioactive Royals” Welcome Nuclear Greenwash Brigade to the Palace
Anti-nuclear power campaigners dressed as “Radioactive Royals and nuclear guards” protested in front of Buckingham Palace on Thursday, 5 February as nuclear industry bigwigs were wined and dined by the Duke of York, Prince Andrew.
What a great picture, seeing this huge banner at the gates of Buckinham


Hundreds of tourists, visiting the Palace for the Changing of the Guard, were amused to see “nuclear guards” taking their place at the gates. They held up a large banner reading “Nuclear Power is Not the Answer to Climate Chaos!” and a placard reading “Royal Nuclear Family? No Thanks!”, drawing attention to the fact that Prince Andrew, the UK’s Special Representative for International Trade and Investment, was hosting a gala lunch at the Palace for the nuclear industry, presumably to plot how best to promote their toxic greenwash agenda at home and abroad.
In other news:
After having publish the report from Europe , “Increased cancer around nuclear power plants” More and more findings emerge
In Closing Indian Point a public-health issue.. Please
Thyroid cancer increase according to the CDC
• February 19, 2009




Thyroid cancer rates in Orange , Putnam, Rockland , and Westchester counties are among the highest in the U.S. , according to the CDC.

Cancer questions grow around Fermi nuclear plant
State health report shows 31 percent increase in cancer rate among young people in Monroe County since 1996
By Eartha Jane Melzer 2/17/09 7:44 AM

Fermi nuclear power plant, Monroe Mich. (Photo: mandj98 via Flickr.com)
The cancer rate among people under the age of 25 in Monroe County rose at more than three times the rate of the rest of the state between 1996 and 2005, according to a report generated by the Michigan Department of Community Health (MDCH). Between 1996 and 2000, the average rate of cancer cases for this group was 18.5 cases per 100,000 people; between 2001 and 2005, the rate grew to 24.3 per 100,000. Between 1996 and 2000 the statewide rate of cancer for this group was 20.2 per 100,000; between 2001 and 2005, the rate was 21.9.
Doctor to speak on dangers of nuclear power
By BOB AUDETTE, Reformer Staff



Thursday, February 19
BRATTLEBORO -- A German pediatrician who has traveled the world informing the public of what he sees are the dangers of nuclear power will be in Brattleboro on Feb. 25 and in Bellows Falls on Feb. 26 as part of a statewide lecture tour.
Dr. Winfrid Eisenberg will discuss recent reports on the increased incidence of cancer in children living near nuclear installations and the health consequences of the Chernobyl nuclear accident.
Eisenberg -- who speaks on the hazards of nuclear energy for children, nuclear disarmament and implications for human rights -- has participated in many public forums raising the awareness of the risks associated with the use of nuclear energy.
His talk, "Is Nuclear Power Dangerous to Health?"
Read the whole story http://www.reformer.com/ci_11737653
And on and on it goes !!! So much for the industry calling Dr.Mangano’s book “Radioactive Baby teeth , the Cancer link “ Junk Science. They have no shame.

What a hoot !! if all else fails, make it a Beauty Contest.
Russia's Nuclear Bombshells
Female employees from Russia 's nuclear energy industry are competing for the Miss Atom 2009 title this month. The event's sponsors hope the beauty pageant will help dispel the industry's negative image. Imagine, if you will, a bikini clad beauty queen strutting out of lake, with giant cooling towers belonging to a nuclear power facility dominating the background. Odd perhaps? Not, apparently, in Russia . There, women working in the country's nuclear industry compete for the annual title of Miss Atom.
http://www.spiegel.de/international/zeitgeist/0,1518,608703,00.htm


Recession clouds the Great Indian Dream of US degree
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Saritha Rai
Posted: Mar 02, 2009 at 0940 hrs IST

Bangalore “Go skiing in the morning and scuba diving in the evening... Be sure to pack your fancy clothes for the parties!”
If you thought this was marketing spiel for a luxe vacation spot, you couldn’t be farther from the truth. On a sunny February afternoon recently, this was Sudha Kumar, a recruitment coordinator in India for the University of Southern California (USC), hardselling the charms of the top-ranking school in downtown Los Angeles to a conference room packed with engineering students at Bangalore’s leading PES Institute of Technology.

Although more Indian students go to USC than any other college in the US, in these days of a global economic slump, the affable, helpful Kumar has her job cut out.

The US has been the study destination of choice for Indian students with close to 100,000 of them headed there last year. For long, an American degree followed by a job in the US has been the focal point of many a middle-class Indian dream, a dream that has been alternately termed ‘brain gain’ in the US and ‘brain drain’ here.

But, as the deadline for this year’s fall admissions approach, things look uncertain for thousands of bright Indian students coveting a US engineering degree or an MBA.

A brutal US job market, rising cost of education because of the declining rupee, and the drying up of student loans by banks and financial aid by US universities is making many Indian graduates, including those from PESIT, skip the visa lines at the American embassy this year.

That particular afternoon, though, the students hung on to every word as Kumar attempted to get them acquainted with American university culture. “Just because your professor insists you call him Bob, that does not mean will he cut you slack on your homework submission,” warned Kumar.

“Bring lots of underwear,” she advised, “the schedule is so demanding you may not have time to do laundry.” Then she added a lighter note, “You may feel at home because LA, like Bangalore, has its share of traffic problems.”

Despite the interest levels in Kumar’s hour-long talk spiced with handy tips, the questions at the end of the session were revealing.

Does USC offer scholarships, a student wanted to know. None for the master’s programs, was Kumar’s answer. Are the fees affordable, another asked. USC is an expensive school, she admitted. How will the recession affect the job market, queried a third. The market for USC graduates is still looking good, she said.

The session did nothing to ease the anxieties of 21-year old Mayank Goyal. He worried about getting a bank loan to study in the US, and about not landing a job immediately after getting the masters degree.

“I cannot get my father to finance me in this uncertainty,” said Goyal, who has another year to go before he finishes his telecommunications engineering degree. His father runs a dry fruits business.

The anxiety is pervasive. Siddhanth Dhodhi, 21, also from the same college, has applied for admission to the USC and 11 other North American colleges. His father, a senior manager with Toyota Motor in Dubai, has promised him full financial backing.

Dhodhi has just received an admission letter from Cornell University in Ithaca, New York. The Masters in engineering there will take over a year and cost $53,000. This is where Dhodhi finds himself faltering. “What is the guarantee that the recession will be over by the time I finish? Is it worth the risk?” he asks.

His batchmate Kiran Sajjanshetty, 21, a university topper with a GRE score of 1,400 (that would get her admission into the best US schools), has applied to five top-tier American universities.

Her dream college, Carnegie Mellon at Pittsburgh, Pennsylvania, has offered her a seat but no funding. She has two more months to cough up the requisite $60,000 to cover her tuition and expenses. Her parents cannot afford it, Sajjanshetty said. And unless she shows the entire sum in her bank account, she will not get a US visa.

Many of Sajjanshetty’s friends have stopped applying for overseas admissions altogether. Those who have completed their overseas degrees — like a senior who has just finished her Masters at the University of Manchester — are returning home because they have not landed jobs.

Stories like these have unnerved this year’s aspirants. “Everybody is rattled,” said Sajjanshetty. “They are modifying their plans”.

Those who have jobs on hand are hesitating to leap into the uncertain world of studying overseas, said Sandesh Jayant, a computer science professor at PESIT’s sister college.

Sajjanshetty is confident that the economic downturn will not affect her future: she wants to get into research in robotics and artificial intelligence in the US and feels that this will not be impacted by the vagaries of the recessionary job market.

But she is preparing for the worst. She has written to Carnegie Mellon asking them to defer her admission until next year. If none of the other colleges grant her financial assistance, she plans to do research for a year at her college before trying her luck again.

USC coordinator Kumar, meanwhile, has an update on applications for USC’s fall admissions. The numbers are substantially up compared with last year. That’s not surprising, because US college enrolment is known to spike during recessionary years.

However, she suspects that many students like Dhodhi and Sajjanshetty will keep their options open till the very last day. “What will finally count is the conversion from application to admission,” says Kumar.
http://www.expressindia.com/latest-news/Recession-clouds-the-Great-Indian-Dream-of-US-degree/429620/





Over 550 posts vacant in IPS, Govt blames NDA 'neglect'
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Raghvendra Rao
Posted: Mar 02, 2009 at 1215 hrs IST

New Delhi The Indian Police Service (IPS) is 557 officers short of its sanctioned strength, the government has revealed. Fifty-six per cent of these vacancies — 314 officers — are in the direct recruitment quota, show figures updated till January 1, 2009.
“How did this situation come about? It is a story of neglect between 1998 and 2004, but I shall share the story with you on another occasion,” Home Minister P. Chidambaram said, making the revelation two days ago.

Chidambaram also announced the appointment of retired IPS officer Kamal Kumar, a former director of the National Police Academy, to draw up, by May 31, a recruitment plan based on an assessment of India’s policing needs between 2009 and 2020.

Though the home minister gave no details, it now emerges that the NDA government approved the recruitment of only 36 IPS officers per year for four years starting 1998, going against an earlier projection of 85 appointments every year. This alone created a shortfall of 196 officers over four years.

Home ministry officials said the reason given for changing the earlier decision was that an increase in the number of ‘promotion’ posts had resulted in a reduction in the number of direct recruitment posts ¿ and that the gap in the direct recruitment quota had disappeared.

According to these officials, 98, 100, 96 and 84 IPS officers were recruited in the four years between 1994 and 1997. It was decided then that 85 vacancies would be filled every year for the next five years.

However, the government of day arrived at 36 as the number of annual recruitments by a formula described as ‘1.5 per cent of authorised direct recruitment quota’.

The UPA government now believes that the calculation of vacancies created by reasons like retirement was sketchy and, prima facie, erroneous. Also, no attempt was made to factor in expansion of police forces including the central paramilitary forces and central police organisations.

In 2002, the number of annual IPS recruitments was revised to 80. However, an objection by the UPSC ensured that only 56 new posts were approved.

In January 2003, the IPS was 190 officers short of the sanctioned strength of 2,477 in the direct recruitment quota. Sixty officers were estimated to retire in 2003. Sources said that applying the 1.5 per cent formula, the number to be recruited was 97. Still, for some reason, the number for 2003 and 2004 was fixed at 88, said sources.

By 2005, the recruitment gap in the IPS had risen to 619, 357 of which were direct recruitment posts. It was at this point that it was belatedly realised that only 36 officers had been recruited “following a court order” between 1998 and 2001. Another factor identified for the shortfall, home ministry officials said, was the increase in cadre strength following cadre reviews during 2002-04, when 268 posts were added.

Following this, the number was revised to 103 for 2006 and 2007 by the then Home Minister Shivraj Patil. However, the deficit in the direct recruitment quota still stood at 325 officers, so the number was upped further to 130 for 2008, 2009 and 2010.

As of January 1, 2009, India has 3,332 IPS officers against a sanctioned strength of 3,889 through both direct recruitment and promotion. Vacancies at the SP level and above in the Intelligence Bureau, which are to be filled by IPS officers, have risen to 88. Twenty-seven such posts are vacant in CBI. Vacancies in IB, given the thrust on improving the overall intelligence network following the Mumbai terror attacks, are now under sharp scrutiny.

Significantly, most vacancies in IB and CBI are at the levels of SP and SSP, regarded as the cutting edge of Indian police. The IB has 58 vacancies at SP and SSP levels out of a sanctioned strength of 82; in the CBI, 13 out of a sanctioned 49 posts are vacant at the same levels.

The appointment of Kamal Kumar to assess the requirement of officers over the next 10 years is a direct result of the alarm bells that have now begun to ring in North Block.

http://www.expressindia.com/latest-news/Over-550-posts-vacant-in-IPS-Govt-blames-NDA-neglect/429618/

Indian auto industry defies global slowdown


2 Mar 2009, 1946 hrs IST, ET Bureau

KOLKATA: Passenger car sales numbers for February 2009 appear to have bucked all slowdown trends. Data released by Maruti Suzuki (MSIL), Hyundai
Motors India (HMIL) and Mahindra & Mahindra (M&M) depict a quantum leap on both exports and domestic sales fronts during February 2009.

While MSIL achieved its highest-ever domestic sales and exports in any single month, Hyundai recorded a 45.3% growth in domestic sales. M&M saw its growth numbers touch 21.6%.

In February 2009, MSIL sold 70,625 vehicles in the domestic market, which was up 19.1% over the earlier corresponding period. The previous highest monthly domestic sales were 67,005 units, recorded during January 2009.

“Led by A-star in February 2009, MSIL exported 8,565 units. This is higher than the previous highest export sales of 8,282 units recorded in March 2004. This month, the company also outstripped the cumulative export sales recorded during fiscal 2008-09,” said an MSIL official.

In all, the company sold 79,190 vehicles in February 2009. This was up 24.1% over the corresponding month last fiscal. The previous highest total sales was registered in January 2009 at 71,779 units.

“Growth has been fuelled by factors including an increase in liquidity after the stimulus packages, cut in interest rates and excise as well a softening of fuel prices.

Additionally, MSIL's strategies including a thrust on rural India and focus on government employees have helped sales figure. We registered a positive growth figure during January, hence it can be assumed that there is a growth that may stay,” said Mr Mayank, Pareekh, executive officer – marketing and sales.

In February 2009, HMIL registered a 45.3% growth in domestic sales. While cumulative sales increased by 31.9% over February, 2008 and exports by 18.3%. HMIL’s total sales for February, 2009 stood at 38,254 units against 29,001 units of February, 2008.

Domestic market for HMIL accounted for 21,215 units (14,600 units) while exports totaled 17,039 units in February, 2009, against 14,401 units of February, 2008.

But Mr Arvind Saxena, senior vice president (marketing & sales), HMIL, has a different take. “While January 2009 sales growth for both industry and HMIL was negative, February 2009 sales saw a slight upturn with double-digit growth for the industry.

But the overall market situation continues to be challenging and not much should be read into the February growth since last year during February the budget was to be announced and a substantial amount of sales were deferred till March. We expect a fairly flat sales growth curve for the industry for the quarter ending March, 2009”.

“Our sales figures this month have been bolstered by impressive numbers for all M&M products, which registered a 21.6% growth. The XYLO, which launched in January 2009, is doing especially well with sales of 2287 units in February 2009,” said Mr Rajesh Jejurikar, chief of operations (automotive sector) at M&M.

M&M's total volumes in the auto sector (including joint ventures) for February 2009 stood at 19594 units (18379 units). The company sold a total of 19894 vehicles during the month against 19674 vehicles in the previous corresponding period. M&M exported 300 units in February 2009, as against 1295 units exported in February 2008
http://economictimes.indiatimes.com/News-by-Industry/Auto-industry-defies-global-slowdown/articleshow/4214034.cms


AIG enters record books with $61.7 billion loss

2 Mar 2009, 1900 hrs IST, REUTERS
NEW YORK: American International Group Inc posted a $61.7 billion fourth-quarter loss -- the biggest quarterly loss in corporate history -- after Financial crisis
Competitive economies
Ghosts of 1929
US mortgage crisis
reaching a revised rescue deal with the US government that wards off for now the prospect of crippling credit rating downgrades.

The massive quarterly loss, equal to $22.95 a share, was AIG's fifth in a row, bringing the total loss over that period to more than $100 billion.

The US Treasury and Federal Reserve said AIG had posed a systemic risk requiring government action to prevent its problems from damaging the entire financial system.

AIG, the recipient of $150 billion in taxpayer aid last year, will get access to an additional $30 billion under the government's revised plan announced on Monday.

It also got more lenient terms on existing financing and will be able to significantly pay down an outstanding credit facility in a swap that will give the government a preferred-share stake in two life insurance businesses.

AIG also announced plans to spin off part of its property-casualty business, to be renamed AIU Holdings.

Holding Zionism To Account by Alan Hart
Posted on November 6, 2007 by dandelionsalad



According to a widely quoted Reuters report, you are “so anxious not to repeat mistakes of past Middle East peace-making” that you sought the advice of, among others, former President Jimmy Carter. (The others included, apparently, former President Bill Clinton and three of your predecessors – Henry Kissinger, James Baker and Madeleine Albright).

Your spokesman, Sean McCormack, was quoted as saying: “She’s trying to draw on the historical record and the experience of others to see what she can glean and how far that may be applicable to the current day… She is a student of history and has a keen appreciation for how we can apply the lessons of history, what we can learn from those who have gone before us.”

Apparently you’ve also been “scouring historical records for pointers”.

And, most impressive of all, you’ve made it clear that you will devote all of your energy in the Bush administration’s final 14 months “to get what others have failed to attain in the past – a viable, independent Palestinian state living side by side with a secure Israel.”

Secretary of State, in principle it really IS do-able, it’s the practise that’s the problem, and I’ll come to that in a moment.

I am presuming to offer you some advice because, although I say it myself, I know the Middle East at least as well and perhaps even better than any of those (the named ones) you have consulted on your side of the water. In my television reporting and early book-writing days, for example, I enjoyed, uniquely, initimate access to, and on the human level friendship with, the two greatest opposite in all of human history, Golda Meir, Mother Israel, and Yasser Arafat, Father Palestine. One way and another I have been engaged with the conflict in and over Palestine, and why a resolution of it has remained beyond the reach of politics and diplomacy, for slightly more than four decades. (The Gentile me first went to Israel as a 23 year-old ITN reporter in 1965).

The problem with the “historical record” - I mean the first and still existing draft of Judeo-Christian history - is that it’s mostly nonsense. Propaganda nonsense. Zionist propaganda nonsense. At its core are two myths.

One is that the Zionist state of Israel has lived in constant danger of annihilation, the “driving into the sea” of its Jews. The truth of history is that Israel’s existence has never, ever, been in danger. Not in 19448/49. Not in 1956. Not in 1967. And not even in 1973. Zionism’s assertion to the contrary was the cover which allowed Israel to get away where it mattered most, America and Western Europe, with presenting its aggression as self-defence and itself as the victim when it was, and is, the oppressor.

The other is that Israel has not had a Palestinian partner for peace. The truth of history on this account is that the ground for peace on the Palestinian side was prepared by Yasser Arafat as far back as 1979 – more than a quarter of a century ago. In that year, 1979, Arafat persuaded the Palestine National Council, the highest decision-making body on the Palestinian side, to back his policy of politics and (until then) unthinkable compromise with Israel.

As I recorded in my book Arafat (the title of the American edition, the original title was Arafat, Terrorist or Peacemaker?), it took him six long years to persuade first his Fatah leadership colleagues and then other PNC members to accept the reality of Israel’s existence. When the vote was eventually taken, in 1979, it was 296 for his policy of politics and compromise and four against. Arafat, who had risked his life as well as his credibility to turn his people around, was then at the height of his powers; and from that moment on, and as President Carter knew, there could have been successful negotiations for a real and lasting peace based on a genuine two-state solution - Israel back behind its pre-1967 borders with Jerusalem, preferably as an open city, the capital of two states.

The problem was that Arafat did not have a partner for peace on the Israeli side - because Zionism was not, and is not, interested in peace on any terms the vast majority of Palestinians and other Arabs and most Muslims everywhere could accept. It’s true that in 1993, and thanks in part to President Clinton’s stage management and pulling power, Arafat did have a “perhaps” Israeli partner for peace in the shape of Yitzhak Rabin, but he was assassinated by a gut-Zionist. And Rabin was succeeded by Israeli leaders whose prime objective was to re-demonise and destroy the Palestinian leader. Arafat the terrorist they could handle. Arafat the peacemaker they could not. (Didn’t Barak offer Arafat “95 percent” of everything he had said he wanted? No, he did not! That, too, is a propaganda lie).

One of the few Westerners - they could be counted on the fingers of two hands - who understood that by the end of 1979 Arafat had prepared the ground on his side for peace on terms which any rational government and people in Israel would have accepted with relief, was Brian (now Sir Brian and long-retired) Urquhart. In my view he was in his working life one of the the greatest Englishmen of his time. In 1979 he was Under-Secretary-General of the UN, and in that capacity he was, effectively, the world’s number one trouble-shooter and hands-on crisis manager. He knew the Middle East better than anybody else and he was respected by leaders in the East as well as the West, and by Israelis as well Arabs.

Urquhart told me of the message Arafat had asked him to give to Israel’s leaders when Sharon, then Prime Minister Begin’s defence minister, was preparing to invade Lebanon to exterminate Arafat and all of his PLO leadership colleagues. Arafat said to Urquhart: “Please tell these stupid people in Jerusalem that they will be sorry when I am go. I am the only one who can deliver the compromise to make peace.” To me, and as quoted in my book on Arafat, Urquhart said: “It’s tragic. Arafat was speaking nothng less than the truth. From the beginning he has been the only Palestinian leader who could talk about dealing with Israel and not be killed the next day for saying so.” Subsequently Urquhart said to me that he feared it would only be when Arafat was dead that Israelis would realise how much they had needed him for peace.

Secretary of State, if you really want the best advice, you should talk to Urquhart.

And if you really want to come to grips with the truth of history in order to formulate a real policy for peace, I suggest you read my latest book, Zionism: The Real Enemy of the Jews. It’s epic in length (two volumes) as well as sweep and substance because I’ve re-written the whole history of the making and sustaining of what used to be called the Arab-Israeli conflict, replacing Zionist mythology with the documented facts and truth of history. Though it’s available from Amazon, it’s not yet published in America because all American publishers are too terrified of totally offending Zionism to take it on. I should stress that it’s the opposite of anti-Semitic. It’s my Gentile call for the Jews to become the light unto nations by demonstrating that right can triumph over might, and that there is a place for morality in politics.. The key to understanding is knowledge of the difference between Judaism and Zionism - why they are total opposites: and thus why it is (a) perfectly possible to be passionately anti-Zionist (opposed to Zionism’s colonial enterprise) without being in any way, shape or form anti-Semitic; and (b) why it is wrong to blame all Jews for the crimes of the hardcore Zionist few.

Now to the principle of real peace-making. Often on public speaking platforms I put it this way:

If the President of America had a magic wand, and if he could wave it overnight to get Israel back behind its borders as they were on the eve of the 1967 war, with Jerusalem and open city and the capital of two states, he would have (with one wave of the wand) the thanks, respect, friendship and support of not less than 95%, and probably 99%, of all Arabs and Muslims everywhere.

In other words, with one wave of the magic wand to end Israel’s occupation of Arab land grabbed in 1967, the President and you as his Secretary of State would go down in history as the greatest of all peacemakers; and you would undo all the damage that’s been done to America’s standing in the world by neo-con driven policies including support for Israel right or wrong. And, the bonus, you would make winning “the war against global terrorism” by political means a mission possible.

The question is: What can the President do without a magic wand?

Short answer: He could use the leverage he has to require Israel to end its occupation in accordance with UN Security Council Resolution 242 and international law. (I am aware that President Bush promised Prime Minister Sharon that Israel could keep the main settlements it has established on the occupied West Bank, but it was a promise the President should not have made and was, is, without legal authority of any kind. On this the President would have to come clean and say, “I made a mistake and I am now correcting it.”)

The truth of the matter, or so it seems to me, is that in his last 14 months in the White House, President Bush is well placed to be the first American President to call and hold Zionism to account – because he can’t run for office again and so doesn’t need Zionist lobby support in the form of campaign funds and votes. Simply stated, he now has 14 months of freedom to do what is right and best for America’s real interests. (And also those of the Jews of the world).

Secretary of State, I am aware that right now the Mother and Father of all political battles is going on behind closed doors in Washington DC – to determine whether or not Vice-President Cheney and his neo-con-and-Zionist associates will continue to call the policy shots. If he and they do, I think it’s highly likely that two things will happen. Iran will be bombed by America or Israel (probably in February, March or April) triggering catstrophe, possibly even a nuclear one, for all; and Israel, after it has failed to impose its will on the Palestinians (they won’t accept crumbs from Zionism’s table in the shape of two or three bantustans) will be given the greenlight to go for a final round of ethnic cleansing. (The full horror of the first round is now fully documented by Professor Ilan Pappe, Israel’s leading “revisionist” historian, in his latest book, The Ethnic Cleansing of Palestine).

It’s my understanding that Defence Secretary Gates is quietly leading the campaign to stop the madness Cheney and his associates represent. Once upon a time you, Secretary Rice, had great influence on President Bush. You were subsequently sidelined to a very large extent by Cheney and Zionism’s watchers in the White House and your own department. But what of today? I have the impression that your seven visits to Israel/Palestine have led you to the conclusion (of course you can’t say so in public) that the Zionist state of Israel is the obstacle to peace.

If my impression is correct (and, of course, I could be wrong), it’s my hope that you’ll now use your influence to tip the balance of power in Washington DC in favour of those on the side of justice and peace and sanity.

Yours sincerely,

Alan Hart


Alan Hart, author of Zionism: The Real Enemy of the Jews

FAIR USE NOTICE: This blog may contain copyrighted material. Such material is made available for educational purposes, to advance understanding of human rights, democracy, scientific, moral, ethical, and social justice issues, etc. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

http://dandelionsalad.wordpress.com/2007/11/06/holding-zionism-to-account-by-alan-hart/



India Shining - Wikipedia, the free encyclopedia
India Shining was a political slogan referring to the overall feeling of economic optimism in India after plentiful rains in 2003 and the success of the ...
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India Shining


6 min - 7 May 2007 -






of the same. India Shining, as we walk to the beat, of people surving, with what they sell on the street. India Shiining, yes ...
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Is India Shining?
30 Jan 2004 ... The nationwide media blitz -- India Shining -- would have us believe that we are now looking at a resurgent India, an economic and military ...
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WELCOME to India Shining. To where the government spends - and various media receive ... The fastest growing sector in India Shining is not IT or software, ...
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New Tamil Muslim party
Madras: Manithaneya Makkal Katchi (Humanitarian People’s Party), a powerful new political party of the Tamil Nadu Muslim Munnetra Kazhagam, was launched on Feb.7, 2009. Most of the office-bearers are drawn from the TMMK headed by Dr. M.H. Jawahirullah, a member of the DV family and a professor attached to a college in Vaniambadi. Inaugural meeting was attended by over 20,000 men.


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“Caste identity” & Mahar movement
OUR CORRESPONDENT

Bangalore: It may come as a surprise to many that the historic Dalit revolution led by Babasaheb Ambedkar began as a Mahar movement.

This is revealed in the American scholar, Ms. Eleanor Zelliot’s book, Dr. Babasaheb Ambedkar & the Untouchable Movement (2004, pp.300, Rs. 250, Blumoon Books, S-201, Essel Mansion, 2286-87, Arya Samaj Road, Karol Bagh, New Delhi - 110 005). It was her 1969 PhD thesis but published only in 2004.

In the preface (p.vi) to the book the distinguished American professor says:

“My focus on caste from which Dr. Ambedkar emerged was strictly an effort to discover the rots of his movement.”

The roots lie in Babasaheb’s jati, Mahar, the single largest Untouchable caste group of Maharashtra.

Mahars supported all subcastes: The point, however, to be noted is though Babasaheb, a born Mahar, loved his jati, he did not hate other Untouchable castes. Rather his Mahar movement later enveloped all the Untouchables and subsequently transformed into an all-India Dalit movement. In other words Babasaheb started the Mahar movement to strengthen the identity of his Mahar jati and consolidate them as a caste of which he was proud and also intensely loved.

Though we read the book in November 2004 itself, we were hesitating to write on this. We may be wrong but perhaps Sister Eleanor also did not publish her thesis for 35 long years for the same reason that the Mahars may get offended when told what Babasaheb initially led was a movement of his own caste.

We too would have kept silent on this had not Dr. Anand Teltumbde, a relative of Babasaheb (grandson) and whom we hold as an honest intellectual, was critical of our “caste identity” thesis.

Greatness of Mahars: In her book, which was her PhD thesis, she pays high tributes to the greatness of the Mahar movement and says no other Dalit caste can surpass it. Babasaheb was the central figure of this Mahar movement in the 1920s. “Mahar caste produced Babasaheb Ambedkar and followed him most closely” (p.7).

Born fighters: The Mahar caste form 9% of the population and gained a lot by the coming of British. They are found in every district of Maharashtra, second in size only to the ruling Marathas.

The Mahar recruitment to British army was the single biggest cause for the uplift of the Mahars and the inspiration for the Mahar movement. A military movement at Koregaon, near Pune, depicts the legend of Mahar heroism.

Mahars are born fighters against Brahmins and the Koregaon pillar commemorates the Mahar, she says.

Dr. Ambedkar came on the public scene in the 1920s and became a public spokesman for the Untouchables and ultimately emerged as the unquestioned leader of Untouchables — attending and organising Mahar conferences.

“Although he is known as a Mahar leader, he attempted to include all untouchable castes in his movement”, she says (Ibid p.70).

DV April 1, 2008 p.20: “Madigas support caste identity”.

DV Edit March 1, 2004 : “Maratha-vaidik blood feud sparks attack on BORI: Shiva Dharma stress on caste identity”

DV Dec.16, 2004 p.7: “Caste identity & Kanchi swami”,.

DV Sept.16, 2004 p.5: “Chamars became slaves when they lost their caste identity”.

DV Jan.16, 2002 p.23: “Caste identity comes to Karnataka”.


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INDIA SHINING
40% child marriages

New Delhi: Forty per cent of the world’s child marriages take place in India, resulting in a vicious cycle of gender discrimination, illiteracy and high infant and maternal mortality rates. According to the UNICEF’s latest “State of the world’s children-2009” report, discrimination on the basis of gender has a direct impact on maternal health. It can deny girls and women access to education, prevent them from receiving or seeking adequate health care and bar them from making critical decisions that can affect their health and that of the new-born.

—(Hindu, Jan.18, 2009)

*****

Indian cities dying

India’s urban population is expected to double over the next two decades, to 575 m, yet its cities are already chocking. Bombay, South Asia’s biggest city, has 17m inhabitants, half of whom live in slums. The city’s rail network is overloaded and its roads are clogged up. According to the world Bank, 9% of potential industrial output in India is lost to power cuts. Some 600m Indians have no mains electricity at all. India’s 3.3 km road network is the world’s second-biggest, but most of it is pitiful. Its prize national highways — a vaunted infrastructure success of the previous government — account for only 2% of the total, and only 12% of them or 8,000 km, are dual carriageways. But the end of 2007 China had some 53,600 km of highways with four lanes or more. India’s urban roads are chocked.

—(Economist, Dec.13, 2008)

*****

Shame on Indian scientists

Bangalore: Defence Minister A.K. Antony on Feb.9 regretted that the country is still dependent on foreign vendors for 70% of its defence requirements, despite claiming to have the world’s fourth largest scientific community. At the inaugural address of the Aero India 2009 International Seminar here, he said, “though India is among the few nations that possess the capacity to develop, test, manufacture and operate aircraft, it is far behind in realising the dream.

—(Deccan Herald, Feb.10, 2009)

*****

Behind Pakistan in missiles

New Delhi: With active help from China and North Korea, Pakistan has surged well ahead of India in the missile arena. The only nuclear-capable ballistic missile in India’s arsenal which can be said to be 100% operational as of now is the short-range Prithvi missile. Though the 700-km Agni-I and 2,000-kmplus Agni-II ballistic missiles are being “inducted” into the armed forces, it will take “some time” for them to become fully operational in the numbers required.”

—(Times of India, Feb.2, 2009)


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DALIT SAHITYA AKADEMY BOOKLIST

TITLE................................................................. author............................................ Price in Rs.

1. VTR : Friend, Philosopher & Guide....... Iqbal Ahmed Shariff............................. 100

2. Caste — A Nation Within the Nation......V.T. Rajshekar.................................. 140

3. Jati — Rashtradolagondu Rashtra (Kannada)......V.T. Rajshekar.................................. 140

4. Jati — Rashtrake Andar Ek Rashtra (Hindi).....V.T. Rajshekar.................................. 140

5. Dalit — The Black Untouchables of India (US publication).....V.T. Rajshekar............... 150

6. know the Hindu Mind.............. V.T. Rajshekar.................................. 100

7. Tereya Teredaga (Kannada)......... Rajendra........................................... 100

8. Gandhi — You Do not Know (Collection of articles)................. 75

9. Ready Reference to Revolutionaries...... V.T. Rajshekar.................................... 75

10. Development Redefined............ V.T. Rajshekar.................................... 75

11. Brahminism: Weapons to Fight Counter Revolution...... V.T. Rajshekar............... 75

12. Shape of the Things to Come......... V.T. Rajshekar.................................... 50

13. Aggression on Indian Culture.................. V.T. Rajshekar.................................... 50

14. India’s Intellectual Desert............ V.T. Rajshekar.................................... 50

15. Grave Diggers of History................. V.T. Rajshekar.................................... 40

16. Merit, My Foot....................... V.T. Rajshekar.................................... 30

17. Dalits & Muslims as Blood Brothers......... S.K. Biswas....................................... 30

18. Hindu Mind vs. Muslim Mind........ V.T. Rajshekar.................................... 25

19. Introducing V.T. Rajshekar & Dalit Voice......... Interview......................................... 25

20. Hindu Serpent vs. Muslim Mongoose................. V.T. Rajshekar.................................... 25

21. Brahminism in India & Zionism in West............... V.T. Rajshekar.................................... 25

22. Judicial Terrorism............... V.T. Rajshekar &Iqbal Ahmed Sharif................. 25

23. Sergeant-Major M.K. Gandhi..................... Velu Annamalai................................... 20

24. Muslims Can Destroy Brahminism................. Sufi Nazir Ahmed Kashmiri......................... 10

25. Caste Identity & Social Justice......................... Dr.V.D. Chandanshive.............................. 10

26. Curse of Allah (Articles on the Spirit of Islam).............. 10

27. Riddle of Rama & Krishna..................... Dr.B.R. Ambedkar................ 10

28. Brahminism Killing India: Zionism Killing West......... V.T. Rajshekar.............. 5

29. What is Wrong with Muslims?................. V.T. Rajshekar..................... 5

30. Jews of India Getting Closer to Jews............. V.T. Rajshekar................. 5

31. Crisis in Dalit Movement.................................. V.T. Rajshekar................. 5

32. How America Got Defeated in War on Terror................ V.T. Rajshekar......................... 5

33. Liberation from Brahminism............................... Joseph D’Souza.......................... 5

34. In Defence of Brahmins.......................... V.T. Rajshekar.................. 5

35. West Losing War on Muslims......................... V.T. Rajshekar...................... 5

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Times Now.tv
Cutback on outsourcing will only hit US: India Inc
Times of India - ‎Feb 25, 2009‎
BANGALORE: India Inc has expressed concern over US President Barack Obama's plans to clamp down on the outsourcing industry. Such a legislation will clearly ...
Tax break withdrawal reeks of protectionism, India Inc to US Economic Times
Obama disappoints India Inc Sify
Obama to stop outsourcing, India Inc worried IBNLive.com
Hindu Business Line - Economic Times
all 115 news articles »

Times Now.tv
India Inc press for rate cuts as growth slows
NDTV.com - ‎Feb 27, 2009‎
Indian economy grew at the slowest pace this fiscal, by 5.3 per cent in the third quarter, pulled down by contraction in manufacturing and farm production. ...
Q3 GDP: Disappointing but not surprising, says India Inc Moneycontrol.com
all 191 news articles »
BOM:500490 – BOM:532977
Easing interest rates may stimulate demand and curtail cost
Economic Times - ‎15 hours ago‎
The quarter ended December 2008 looked quite challenging for India Inc. The profit growth nearly halved, net sales witnessed a severe moderation, ...
India Inc's M&A value dips 53% in 4 yrs
NDTV.com - ‎Feb 23, 2009‎
PTI The blood bath in the stock market has pulled down the current market valuation of corporate India's mergers and acquisitions by a whopping $24.04 ...
India Inc's investment in group cos rises 60.3%
Economic Times - ‎Feb 27, 2009‎
If scarcity of bank finance is feared to affect Corporate India’s investment activities in the current year, there is another development which may prove ...
India dusts off free-trade banner
Asia Times Online - ‎4 hours ago‎
In other words, India Inc admits that the outsourcing boom that benefited so many of its companies and workers was caused not so much by high standards of ...

Siliconindia.com
Obama may not rock BPO sector, feels India Inc.
TopNews - ‎Feb 27, 2009‎
India's industry bodies are seeking clarification on US president Barack Obama's seemingly protectionist remarks about stopping tax benefits for companies ...
Infosys BPO Says Clients Turning to India in Recession PC World
Indian IT biggies receive maximum H1B work permits Trading Markets (press release)
Infosys sees outsourcing services recovery in 2010: Reports RTT News
all 55 news articles »
BOM:500209 – BOM:507685 – BOM:500376
UBS Global Asset Management says eyeing India entry
Reuters India - ‎6 hours ago‎
UBS Global Asset Management, which took home Lipper Inc's overall award for 3-year performance among Hong Kong-registered funds on Monday, oversaw $539 ...

Hindu Business Line
India Inc agrees to cut prices
Business Standard - ‎Feb 24, 2009‎
A senior executive from India's largest CV maker Tata Motors said, "We welcome this move of a 2 per cent cut on excise duty on commercial vehicles. ...
Post-Budget surprise: A few more goodies for India Inc Hindu Business Line
Excise duty drops from 16% to 8% in one year Indian Express
all 23 news articles »

Rediff
India Inc welcomes duty cuts, says it will boost demand
Economic Times - ‎Feb 24, 2009‎
24 Feb 2009, 1940 hrs IST, PTI NEW DELHI: India Inc Tuesday welcomed the government's decision to reduce excise and service tax by 2 percent besides ...
After getting sops, India Inc seeks monetary measures Hindu
Stimulus plans - India cuts excise duty by 2% SteelGuru
India Cuts Factory Taxes; S&P Warns of Downgrade Wall Street Journal
Express Buzz - NDTV.com
all 285 news articles »
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Palash Biswas



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