CM issues directions on “Bangaru Talli” scheme Chief Minister N Kiran Kumar Reddy has directed the officials to work out detailed guidelines and implementation mechanism for “Bangaru Talli”,which aims the Girl Child to be incentivise for all-round growth and to achieve mile stones in her life.Page.5 Tuesday, May 14, 2013 | Hyderabad
Google inks deal with AP
Politics Tuesday, May 14, 2013 | Hyderabad
Dr Reddy's Q4 net jumps 67% to Rs 571 cr
Hyderabad, May 14: Pharma company Dr. Reddy's Laboratories Ltd. today announced a 66.58 per cent rise in its net profit to Rs 570.89 crore for the quarter ended March 31, 2013 mainly on account of robust sales across all segments.Revenue for the three-month
period gained 26 percent to Rs 3,340 crore, the company said in a statement. The company's major segments include global generics, pharmaceutical services and active ingredients. The company's other income in the quarter jumped to Rs 163 crore in Jan-March, compared with Rs 20 crore in the year ago quarter. Profit was also boosted by near 400 percent jump in net finance income at Rs 40 crore. Its gross profit was up 21 percent to Rs 1,684 crore.The company said its Board of Directors have recommended a final dividend of Rs 15 per share of Rs 5 face value, for the financial year 2012-13. In the fourth quarter, Dr Reddy's launched 18 new generic products and filed 14 new product registrations
CBI turns down two sections in Jagan case
Hyderabad, May 14: CBI court today turned down some of the sections charged by CBI in the YS Jagan Mohan Reddy's Disproportionate Assets (DA) case. The court said that YS Jagan Mohan Reddy cannot be booked for breach of trust (section 409) and also the Prevention of Corruption Act. The CBI has named PC Act and IPC 409 in the fifth charge sheet filed in connection with the Dalmia Cements case.
Konda couple stay with YSRCP SSC result on May 17
Hyderabad, May 14: Putting an end to the speculation that the Konda couple will leave the party, the husband and wife duo said that they will stay with party and want to see Y S Jagan Mohan Reddy as Chief Minister. They called on YS Jagan Mohan Reddy at the Chanchalguda jail discussed party affairs and reiterated their support to the party. We will be with the party. The
talk about our leaving the party is false and we are not joining any party, they said. Earlier, there was talk that Konda Murali and his wife Konda Surekha may move out of the party. They were not active in the party programmes and did not attend vital dharnas held in the Telangana region.
Hyderabad, May 14: The results of Secondary School Certificate examination will be announced on May 17 (Friday). The Director of Government After meeting Jagan in the Examinations on Tuesday, in a press jail, the couple said that they release, informed that the result of the are firmly with the party. SSC public Examination held in March
2013 will be released on May 17 at 11.00 AM by Secondary Education Minister K Parthasarathy at the office of the Director of Government of Examinations at Chapel Road. It may be mentioned that nearly 13 lakh students appeared for the SSC exams that concluded on April 6.
City Tuesday, May 14, 2013 | Hyderabad
AP Govt inks deal with Google Hyderabad, May 14: The Andhra Pradesh Government on Tuesday signed a MoU with the Google India. The AP Society for Knowledge Networks (APSFKNW), formerly known as Institute for Electronic Governance (IEG) Exchanged Memorandum of Understanding (MoU) with Google India (P) Ltd at the Office of Minister for Information Technology & Communications., Govt. of Andhra Pradesh. The Memorandum of Understanding (MoU) was exchanged between Information Technology Minister Ponnala Lakshmaiah and Google Vice-President (Emerging Markets) Nelson Mattos. The MoU is exchanged to train engineering students from various Jawahar Knowledge Center (JKC) Colleges on latest technologies like Mobile and Cloud Computing, Google will also train the trainers / mentors of AP Society for Knowledge Networks and provide
required Software, Services & Training Material at free of cost. IT & C Department Secretary Sanjay Jaju, IT&C Director (Communications) TV Parathasaradhi, APSKN CEO Amarnath Reddy Atmakuri, APSKN Director (IT Projects) K Srinivasa Rao and Google Program Manager Ego Obi Senior were also
present. Google has signed a Memorandum of Understanding for first time in India under its Education Initiative. Ponnala Lakshmaiah thanked Nelson Mattos of Google for the being enthusiastic and encouraging about this initiative for the empowerment of students and also encouraged Google to build their
own office campus in area allotted by the state government so as to help them expand their business in Andhra Pradesh. He also extended his advise to all the students to make good use of this opportunity and enhance their employability skills and also expressed that he will bring more such initiatives for the benefit of students in future. Nelson said that he has visited Hyderabad four times till now and was overwhelmed by the infrastructural advancement in the city on his every visit and also expressed that 70 per cent of their business in India is churned out of Hyderabad and was also very impressed by the super talent from the local work force. He also invited the Minister to Google's head office in his next visit to the USA. Nelson also mentioned that Google shall work closely with Information Technology & Communications Department to bring new Academic Initiative Programs in near future for the benefit of High School students in AP.
10th PRC extends date to receive representations Hyderabad, May 14: The 10th State Pay Revision Commission has extended the date to receive representations and memorandums till May 31. According to 10th Pay Revision Commissioner PK Agarwal, the Commission had earlier given an opportunity to all service organisations, associations, Pensioners' Associations and individuals of all the universities including Acharya NG Ranga Agriculture University, JNTU, for submission of representation/memorandums, etc., in writing on or before April 30. However, in view of popular
demand from various quarters desirous of submitting representations, touching upon any or all the terms of reference may kindly send the same in writing on or before May 31. The representations can be sent to the office of the Pay Revision Commissioner, 10th State Pay Revision Commission, North 'H' Block Building, Room No 301, Andhra Pradesh Secretariat, Hyderabad 500022. "Any representations received after the above stipulated date, shall not be considered and examined by the Commission," the Commissioner said.
State Politics Tuesday, May 14, 2013 | Hyderabad
Lok Satta criticises move to legalize belt shops Hyderabad, May 14: Lok Satta Party State President Katari Srinivasa Rao on Tuesday sharply criticized the Excise Department proposal for legalization of illegal liquor outlets known as belt shops in the State on the ground their clsoure will lead to illicit distillation of liquor. In a media statement, Srinivasa Rao recalled Chief Minister N Kiran Kumar Reddy had publicly announced his intention to close down belt shops in response to a long-standing demand from women. The Lok Satta Party had in the past launched a movement against belt shops as they played havoc with the health and finances of millions of people all over the State. The Government spent only a fraction of the revenue it earned on liquor on the so-called schemes meant for the welfare of the common person. Even as it ruined poor people's health by facilitating easy consumption of liquor, it claimed to take care of their health through
schemes like Aarogyasri. Srinivasa Rao demanded that the Chief Minister keep his pledge by ensuring that all belt shops are shut down as early as possible. He should not allow his ministerial colleagues to get away by claiming there are no belt shops in the State. Srinivasa Rao said the Government
would be abdicating its right to govern if it admits that it cannot control illicit distillation in the wake of belt shop closure. The Lok Satta had already suggested that the Government empower and enable village panchayats and selfhelp groups to control illicit distillation. It can even stipulate that
failure to control illicit distillation will result in the elected panchayat being dissolved. Srinivasa Rao reiterated the Lok Satta Party demand that the Government itself run liquor outlets instead of allocating them to private individuals. Belt shops cannot be eliminated as long as private operators are in place as proliferation of belt shops will boost their sales, revenue and profits. The Government should effect the change in the new excise year, which is round the corner. The Lok Satta Party, Srinivasa Rao said, would like the Government to restrict liquor consumption by limiting the number of official outlets and their working hours, shut down all illegal outlets and put down with an iron hand illicit distillation and gudumba manufacture.
Speaker adjourns TDP MLAs case to May 18 Kanna tries to distance himself from GOs case
Hyderabad, May 14: TDP whip Dhulipala Narender has urged the speaker to take action against all the nine MLAs of the party for defying the whip during the No Confidence Motion. â€œI am surprised to hear that some of them saying that they did not receive the whip,â€? he said.
Venugopalachary and Harishwar Reddy told the Speaker that they did not receive the whip and the q u e s t i o n o f disqualification does not arise. Speaker N Manohar has adjourned the hearing of the two MLAs to May 18 after they said they did not receive the whip
Hyderabad, May 14: A day after TDP President N Chandrababu Naidu urged the Governor to sack the tainted ministers, Agriculture Minister Kanna Lakshminaryana tied to distance himself from the 26 GOs case.
The GO no 12 was issued by the officials as there was a precedence and my role in the issuing of the GO is limited, he said. He said that TDP President was trying to tarnish his image and alleged that Niadu had his own tales of corruption and is trying to tarnish others. It is for the party high command to take a decision on ministers, he said. Six ministers were facing charges in the 26 GOs case. W h i l e M o p i d e v i Venkataramana is in jail, CBI named Dharmana Prasada Rao and Sabitha Indra Reddy in the charge sheet. Kanna Lakshminaryana, Geeta Reddy and Ponnala LAkshmaiah are the other ministers who received summons from Supreme Court.
State Politics Tuesday, May 14, 2013 | Hyderabad
CM congratulates AP Study Circle students Hyderabad, May 14: Chief Minister N Kiran Kumar Reddy congratulated three students of Andhra Pradesh Study Circle, who got selection for various Civil Services, at the Secretariat on Tuesday morning. The Students - L Siva Sankar of Dharmavaram, S Kota, Vizianagaram District got the Rank of 411, Mr.D.Kishore Babu, of Gangadharapuram, Gudivada, Krishna District got Rank of 703 and Mr B.Punnam Kumar of Mancherial, Adilabad District got Rank 960, called on the Chief Minister along with the Minister for Social Welfare Pithani Satyannaranayana. The Minister informed the Chief Minister that the A.P.Study Circle has given coaching for civil services interviews for 6 candidates during the
year 2012, out of which the above three students got selection. The Circle established in the year 1980 and upto 2011, total of achievements - IAS - 45, IPS - 43 other central services - 314. The State Government provided for the first time a budget of Rs.8 crores for maintenance of study circles in the State. Besides, Rs.12 crores is provided for construction of permanent buildings. At present, coaching is going on from July 2012 for 184 candidates to write Civil Services examination at A.P.Study Circle, Banjara Hills, Hyderabad. The Chief Secretary Dr.P.K.Mohanty, Prl.Secretary to CM Mr.Binoy Kumar, Prl.Secretary, Social Welfare Mr.Raymond Peter, Social We l f a r e C o m m i s s i o n e r Smt.Udayalakshmi and other officials were present on this occasion.
CM issues directions on “Bangaru Talli” scheme
Hyderabad, May 14: Chief Minister N Kiran Kumar Reddy has directed the officials to work out detailed guidelines and implementation mechanism for “Bangaru Talli”, which aims the Girl Child to be incentivise for all-round growth and to achieve mile stones in her life. The Chief Minister held a high level preliminary review meeting on “Bangaru Talli” scheme here on Tuesday at the State Secretariat. Ministers - K Jana Reddy, Ponnala Lakshmaiah, Pithani Satyannarayana, Dr S Sailajanath, D Manikya Vara Prasad, Suneetha
Lakshma Reddy, Chief Secretary Dr PK Mohanty and other senior officials attended the review meeting. The Chief Minister stated that the primary objective of 'Bangaru Talli' scheme is to enhance the social status of the Girl Child, delay age of marriage which is very important from the health and e d u c a t i o n a l perspective of the Girl Child as also to incentivise institutional delivery, registration of birth, immunisation, anganwadi enrolment leading to better nutrition and improving the educational standards of the Girl Child by ensuring retention at the primary, upper primary, secondary and higher education levels. The Bangaru Talli scheme seeks to achieve the above objectives by conditional cash transfer on achieving the conditions of institutional deliveries, birth registration, complete immunisation, enrolment in anganwadies and study up to Graduation.
Jagan only can bring back golden era: Sharmila Eluru, May 14 : Continuing with the Rachchabanda interactions during her Maro Praja Prasthanam Padayatra, YS Sharmila reiterated that people would get back YSR's golden era only when YSRCP chief Jagan Mohan Reddy became the Chief Minister. Addressing a big gathering of people, mostly women, who swarmed her Rachchabanda programme at Chintalapudi of West Godavari district on Tuesday, she assured them that YSRCP government, when formed with Jagan Mohan Reddy as CM, would revive all the welfare schemes once successfully implemented by Dr YSR. “While the women will get interest-free loans, widows and differently abled people will receive their pensions regularly. Students of poor families studying in school, intermediate and degree will get Rs.500, Rs.700 and Rs.1000 each every month respectively for pursuing their academic careers after YSRCP
Government is formed,” Sharmila assured them after listening to their woes. All the villages in the state will also be free of belt shops, she said, charging the Government with imposing an extra burden Rs.30,000 Cr on people through hiking the
power charges alone in the last three years. Lambasting the Government for the neglect of the welfare of the people, Sharmila said Kiran Kumar Reddy Government has diluted the fee reimbursement scheme, bus pass subsidies of the poor students, housing and several other schemes
successfully implemented by YSR. “Is it the welfare that you are talking about?' she heckled at Kiran Kumar Reddy. She said while farmers got free power for 7 to 9 hours a day during the YSR times, now the famers are not getting free power even for 3 hour a day. “Kiran is simply following the Naidu regime's policies. Besides limiting the interest-free loan scheme to a useless propaganda, the Government has also subjected the students with an additional Rs.300 Cr by hiking their bus charges,” she said. The Government policies have been driving people, especially farmers, to commit suicides as in times of Naidu. “You should teach a fitting lesson to both TDP and Congress in the next elections to usher in the Rajanna Rajyam,” she told the gathering.
Business Monday, May 13, 2013 | Hyderabad
Inflation eases to 4.89% in April; lowest since Nov 2009
New Delhi, May 14: Declining price of food items, including fruits and vegetables, pulled down inflation to nearly a three-and-ahalf-year low of 4.89 percent in April, which may present a case for further monetary policy easing. Inflation based on the Wholesale Price Index (WPI) stood at 5.96 percent in March. In April, 2012, it
was 7.50 percent. This is the lowest level of inflation since N o v e m b e r, 2 0 0 9 when it was 4.78 percent. As per official data released today, WPI inflation in the manufactured items category declined to 3.41 percent in April from 4.07 percent in March. Also, inflation in food articles category, which has a 14.34 percent share in the WPI basket, came down to 6.08 percent. Inflation in this category was at 8.73 percent in March. The easing in food inflation was
helped by a sharp drop in prices of vegetables. Inflation in vegetables stood at (-)9.05 per cent in April, against (-)0.95 percent in the previous month. The inflation in fruits declined to 0.71 percent during the month as compared to 4.71 percent in March. However, the rate of price rise in onion was high at 91.69 percent for the month of April, as against inflation rate of 94.85 percent in the previous month. Inflation for February was revised upwards to 7.28 percent from 6.84 percent as per provisional estimates.Pulses prices declined marginally to 10.28 percent during the month. While the inflation rate in egg, meat
and fish category stood at 10.44 percent, for milk it was 4.04 percent. For the fuel and power category, it was lower at 8.84 percent in April as compared to 10.18 percent in March, 2013. In order to accelerate economic growth, the Reserve Bank of India (RBI) earlier this month cut key interest rates by 0.25 percent. â€œAlthough headline WPI inflation has eased by March, 2013 to come close to the Reserve Bank's tolerance threshold, it is important to note that food price pressures persist and supply constraints are endemic, which could lead to a generalisation of inflation...," the RBI had said.
Sensex rises 31 pts; banking and healthcare stocks gain Mumbai,May 14: The BSE benchmark Sensex today closed 31 points up on funds buying mainly in banking and healthcare stocks as inflation eased to over three years low. After a better start, the Sensex fell to the day's low of 19,652.69 before ending with a gain of 30.62 points, or 0.16 per cent, to 19,722.29. Brokers said the buying activity was mostly confined to banking and healthcare sectors as inflation eased to over three years low. Softening food prices pulled down inflation to over three year low of 4.89 per cent in April, giving RBI space to further ease interest rates. With the general firming trend, the broad-based National Stock Exchange index Nifty rose by 14.95 points, or 0.25 per cent, to 5,995.40. The MCX-SX flagship index SX40 closed 17.20 points up, or 0.15 per cent, to 11,679.54 points. Sun Pharma at Rs 963.65 was the biggest gainer by rising 2.03 per
Shariah Index Top Gainers Scrip Code
532321 500676 500084 cent followed by ONGC by 1.78 per cent at Rs 326.50 and Bharti Airtel by 1.78 per cent at Rs 317.20. In 30-BSE index components, 15 stocks gained while other 15 closed with losses. State Bank of India stocks spurted by 0.75 per cent to Rs 2,291.30 and HDFC Ltd by 0.66 per cent to Rs 868.95 on hopes the easing inflation might provide enough room for the Reserve Bank of India to cut interest rate. The healthcare sector index gained the most by 0.67 per cent to 8,880.47 followed by teck index by 0.64 per cent to 3,604.51. Power index rose by 0.40 per cent to 1,754.88 and oil and gas index by
Last Traded Price
Cadila Health Glaxosmithkl Cons CESC Crompton Greav Castrol India
Top Losers Scrip Code
Last Traded Price Absolute Change
Dr Reddys Lab
News in Pictures Tuesday, May 14, 2013 | Hyderabad
C.M congratulates students of A.P.Study Circle for selection in to Civil Services
Andhra Pradesh Society for Knowledge Networks (APSFKNW) Inks Deal with Google
BJP National Leader Dr Murali Manohar Joshi addressing the press at Hyderabad
Top Story Tuesday, May 14, 2013 | Hyderabad
Renowned scholar Asghar Ali Engineer passes away HYDER ABAD May 14: Promine nt social scientist Asghar A l i Enginee r passed a w a y i n M u m b a i o n T u e s d a y. Engineer, 74, was the leader of the Progressive Dawoodi Bohra movement and had taken the lead in condemning Syedna Mohammed Burhanuddin, the leader of the Bohras, for influencing Bohras to vote for Narendra Modi, the chief minister of BJP-ruled Gujarat Engineer had visited Hyderabad last December and had pushed for reforms in the Muslim Family Law by suggesting the
revocation of the system of oral triple talaq (divorce). He noted that the system was outdated and found no mention in the Quran. Further, Engineer observed that polygamy in Islam was allowed only in exceptional circumstances. He had noted that certain strict conditions were in place for a man if he wished to marry more than once, thereby making the practice 'next to i m p o s s i b l e ' . A strong advocate of empowerment of women in the Muslim community, Engineer suggested that mehr (dower), given to bride by the groom at the time of nikah, should be in the form of gold or silver and not cash as he believed the value of currency was time bound and eventually depreciates with each passing year. He also expressed his opposition to the practice of deferring payment of the mehr amount.
YSRCP accuses CBI of double speak Hyderabad, May 14: Accusing the Central Bureau of Investigation of double speak with respect to multiple charge sheets, the YSR Congress party has said that the inconsistency of the investigation agency has been an indication of its motives in the YS Jagan Mohan Reddy's case.â€œOn October 5, 2012 it was CBI which told the Supreme Court that it is investigating the case on seven counts and will file a charge sheet covering all the aspects. But the interpretation has been constantly changing making a mockery of the investigation procedure,â€? party senior leader DA Somayajulu told reporters here on Tuesday. When YS Jagan Mohan Reddy and Vijay Sai Reddy filed a memo against the multiple charge sheets, CBI has been distorting its own version that was told in the apex court, he said. There is absolute fallacy in this interpretation of CBI and it has been backtracking on its own word and trying to draw new inferences.The CBI has first quoted that the amount of misappropriation is about Rs one lakh crores and later scaled down to Rs 43, 000 crores. Though CBI counsel Ashok Bhan went on record to say that this is the biggest white collar crime in the country's history, value of all the transactions in the first four charge-sheets is at Rs 1043 crs far less than what has been projected by the CBI and political adversaries