Page 1

LELLAPALLI MARKETING PVT. LTD. # 106, Block ‘A’, Archana Apartments, East Marredpally, Sec’bad - 500 026, Andhra Pradesh, India. Tel : + 91 040 40160906, 27712775, Fax : + 91 040 27712774 E-mail : lellapalli.mpl@gmail.com

Vol.II. No.41

MARK INDIA Postal No : H/SD/476/13-15

Edition : HYDERABAD

ENGLISH DAILY

Friday, January 24, 2014

www.markindia.in

Editor : L. Aseervadam

Congress Vice President Rahul Gandhi with sister Priyanka Vadra and a child during his visit to Amethi on Thursday.

including top film personalities.A sense of gloom enveloped the sprawling Annapurna Studios as the funeral procession reached there. As a mark of respect to the legendary actor, policemen reversed their arms and later fired three rounds in the air. The buglers sounded The Last Post. Actor-turned-politician Union Tourism Minister K. Chiranjeevi, Sridevi, Tabu, Junior NTR, Venkatesh, Rajasekhar, famous filmmakers Dasari Narayana Rao and D. Ramanaidu were among key film personalities who attended the last rites. Earlier, mourners queued up at the office of Telugu Film Chamber, where his body

AALOCHANANEWS AALOCHANANEWS, Telugu Daily MARKINDIA MARKINDIA, English Daily ASEERVAD AD, Monthly English Magazine ASEERV AD AALOCHANANEWS , Fortnightly Telugu Magazine # 106, Block ‘A’, Archana Apts, East Marredpally, Secunderabad-500 026, India. Tel: 040-40160906, 27712775, Fax: 040-27712774 Email: aalochananews@gmail.com, www. aalochananews.com

Pages : 4

Rs. 2

Amethi, Jan 23 : Hitting on BJP Prime Ministerial candidate Narendra Modiindirectly, Congress vice- president Rahul Gandhi today said that he would not like to 'blow trumpet(Bhopu)'instead of serving thepeople and announced that he is ready to become Prime Minister if elected MPs choose him for the post. " My father asked me that you should only serve the people and work for them. I don't want to become a 'Bhopu' like others," he said without taking any names. Addressing a press conference here after a gap of around 10 years, Mr Gandhi said," I will only accept the post of PM when Congress MPs would elect me as their leader after the elections."Hitting out on the dynasty politics, he said," a family decides the fate of the politicians in Samajwadi Party while in Bahujan Samaj Party it is done by a single person."" The BJP too is not cooperating with us to deal with corruption as six important Bills are pending in parliament due to their uncooperative attitude," he alleged. Commenting on the Aam Admi Party(AAP) and its leader Kumar Viswas challenging him, Mr Gandhi said," such people come and go but they do not create any impact in the society."" Yesterday when I was coming to Gauriganj around 8 youths wearing white caps told me that they could be donning the caps but they are with me and have supported my vision," he claimed.

President extends Telangana bill deadline to Jan 30 Hyderabad/New Delhi, Jan 23 : Andhra Pradesh legislature got six more days to debate Telangana bill as President Pranab Mukherjee Thursday extended, till Jan 30, the deadline for sending its opinion. Legislature Secretary Raja Sadaram read out in the Andhra assembly the letter of the president, allowing another week to debate Andhra Pradesh Reorganisation Bill 2013. The deadline for the legislature to send back the bill to the president with its opinion was ending Thursday and the state government had

sought time till Feb 20. After the president's letter reached the legislature, the Business Advisory Committee (BAC) of the state assembly held a meeting to decide as to how to utilize the extended time. The meeting, chaired by assembly Speaker Nadendla Manohar, decided to have debate on all remaining days, except the Republic Day. However, there was no consensus during the meeting on conducting voting on the bill. Legislators from Telangana are opposing the demand of their counterparts from Seemandhra

Tearful adieu to Nageswara Rao Hyderabad, Jan 23 (IPT) : Hundreds bid tearful adieu to Telugu cinema icon Akkineni Nageswara Rao, whose last rites were performed here Thursday with state honours. In the presence of eminent film personalities, politicians and fans, Rao's sons and grandsons together lit the funeral pyre amid chanting of vedic hymns by pundits and gun salute by the police at Annapurna Studios. Rao's two sons, including popular actor Nagarjuna, three daughters and other family members broke down during the cremation. They were consoled by relatives and friends

Publishers of

Will become PM if MPs elect me for the post Rahul

Sunanda Pushkar death case transferred to crime branch New Delhi, Jan 23 : Delhi Police's Crime Branch is to investigate the mysterious death of Sunanda Pushkar, wife of union minister Shashi Tharoor, and would question him and other family members as well as hotel staff, a police official said Thursday. Six days after Pushkar was found dead under mysterious circumstances in her room at the Leela Palace hotel in Sarojini Nagar area of south Delhi, the case was finally handed over to Crime Branch Thursday. Additional Commissioner of Police (Crime Branch) Ravindra Yadav, told reporters that Pushkar's case was handed over to his department Thursday. "We will look after the matter from the beginning as earlier it was being handled by local police," he said. Another crime branch official said that they would first get the probe report from the local police and then "we will take our next step"."Shashi Tharoor, his family members, the hotel staff and the relatives of Sunanda will be questioned if we find it necessary," he said.The autopsy report of Pushkar has attributed her death to poisoning due to drug overdose. Sources termed the injury marks on her body as "scuffle marks" and as minor injuries.Her "upper extremity" - hand, an arm, chin, and neck - was dotted with over a dozen injury marks, and these were termed "scuffle marks".However, the scuffle marks may impact the investigation as Delhi Police was directed by the sub-divisional magistrate to probe whether the death was a suicide or a murder. Police meanwhile urged the Central Forensic Science Laboratory (CFSL) to speed up on Pushkar's viscera report, which might have clues to the reason for her death. NCP leader D.P. Tripathi had Wednesday demanded that Tharoor must quit till the investigation is over. Tharoor has been named a party spokesperson. However, the Congress has rejected any such remark, saying there was no question of resignation. Congress spokesperson Randip Surjewala, at a party briefing had said: "Tharoor is in a responsible ministerial position. He is also an inseparable part of Congress. There is no question of his resignation". Pushkar's son from her second marriage, Shiv Menon had Tuesday issued a statement, denying any possible role of Shashi Tharoor in his mother's death."Do not believe that Shashi was capable of harming her, let alone the speculation that he could have taken her life." Pushkar was found dead just a couple of days after an open spat on Twitter that threw spotlight on the couple's personal life and Pakistani journalist Mehr Tarar.

Aalochana Publications Pvt. Ltd.

was kept Wednesday afternoon for the people to pay their last respects. Police and volunteers had a tough time in controlling the surging crowds. Men and women stood in long queue to have a last glimpse of the thespian, who died Wednesday at the age of 89, plunging the Telugu film industry into gloom. Earlier, similar scenes were witnessed at Annapurna Studios, where the body was kept. The body in a flower-bedecked vehicle was later taken from the studio to the office of the film chamber. The funeral procession, which started from the Film Chamber around 1 p.m. Thursday, passed through

Jubilee Hills and returned to Annapurna Studios. Movie Artists Association (MAA) president Murali Mohan and eminent film personalities besides a large number of fans joined the funeral procession. Earlier, film personalities, politicians and eminent citizens from various walks of life paid their last respects to ANR, as the actor was popularly known. Chief Minister N. Kiran Kumar Reddy, several ministers and leaders of various parties also paid their tributes late Wednesday. On a call given by MAA, the Telugu film industry remained shut Thursday as a mark of respect to the legendary actor.

(Rayalaseema and coastal Andhra) for voting on the bill. Chief Minister N. Kiran Kumar Reddy, who began his speech Wednesday evening, resumed it in the afternoon after the speaker allowed legislators from various parties to express their views. There was ruckus in the house when Telangana Rashtra Samithi (TRS) took exception to certain remarks made by the chief minister about the development in Telangana. The speaker adjourned the house for 10 minutes and after the BAC meeting, he adjourned it for the day.State

Govt official in ACB trap Hyderabad, Jan 23 (IPT) : Andhra Pradesh State Housing Corporation Deputy Executive Engineer in Manthani Mutharam Mandal of Karimnagar District was caught red handed by the ACB Officials this evening at his office, when he demanded and accepted an amount as bribe from the complainant for doing an official favour. He accepted the bribe 'to release the amount pertaining to the construction of house under Indiramma Housing Programme,' ACB said in a release here. The accused officer has been arrested and will be produced before the I Special Judge Court for SPE & ACB Cases at Hyderabad.

minister from Telangana K. Jana Reddy said the extension given by the president would have no impact on the process for formation of separate Telangana state. Andhra Chief Secretary P. K. Mohanty had last week sent a letter to union home ministry, seeking extension of the time by four weeks on the ground that the time given till Jan 23 was not sufficient to complete the debate. The ministry had also summoned Mohanty and other officials to the national capital to know about the status of the debate.According to official sources, the state

government had conveyed that the bill has been debated by the assembly only for a few days and many of the legislators were yet to speak on it and hence extension of the deadline was required. The president is believed to have given extension of a week on the recommendation of the ministry. The president on Dec 12 had referred to the legislature the bill under article 3 of the constitution for its opinion. The same was introduced in both the houses on Dec 16 amid ruckus. The bill, however, could not be taken up for debate for several days

due to protests by legislators from Seemandhra. The United Progressive Alliance (UPA) government is expected to introduce the bill in parliament in the coming session beginning Feb 5. The union cabinet had on Dec 5 given the go-ahead for the creation of a 10-district Telangana and outlined the blueprint for carving out the country's 29th state. Telangana will comprise 10 districts and the rest of Andhra Pradesh will consist of 13 districts. Hyderabad will remain the common capital for both the states for a period not exceeding 10 years.

Varanasi, Jan 23 : Lambasting the BJP for selecting a wrong face as its prime ministerial c a n d i d a t e , Samajwadi Party supremo and former Uttar Pradesh Chief Minister Mulayam Singh Yadav today said the state should not be allowed to be made another Gujarat. Without taking the name of BJP prime ministerial candidate Narendra Modi, Mr Yadav said the party has really made a bad choice. "How can BJP choose a person, accused of massacre in Gujarat, as its prime ministerial candidate for the scheduled parliamentary

polls," the SP president questioned while addressing 'Desh Bachao, Desh Banao' rally in this religious city of UP. People of UP will never be allowed to suffer like the Gujarat denizens, he assured. "Terror was so widespread in Gujarat in 2002 that policemen had then warned me to visit that state on my own risk," the SP president recalled. Also, no leader of the ruling Samajwadi Party can have any comparison with such a politician, Mr Yadav remarked. The SP supremo further

chided the Congress for growing prices of essential commodities and widespread corruption. "SP only advocates humanity and wants to efface the difference between the rich and the poor," he noted. He asked the people to lend their support to the SP and ensure that the party wins maximum seats and have a major say in the formation of the next government at the Centre. Mr Yadav further termed the current Congress-led UPA government at the Centre as "weak" and "incapable".

UP will not be made another Gujarat: Mulayam

Nizam's family members condemn remarks made in legislature Hyderabad, Jan 23 : Family members of the Nizam, the erstwhile ruler of Hyderabad State, have condemned the "disparaging" remarks made by political parties in Andhra Pradesh legislature about him during the debate on the bill for formation of separate Telangana state. The Nizam Family Welfare Association, which represents family member of Nizam Mir Osman Ali Khan, the last ruler of Hyderabad State, said the leaders of some political parties made the remarks Tejas an Indian-made lightweight multirole light fighter, during full dress rehearsals for the out of their bias and Republic Day parade, in New Delhi on Thursday. ignorance of history.

"Hyderabad State had always been independent and secular and was a symbol of Indian heritage and communal harmony, and secularism. The legacy and heritage of Nizam or the Asif Jahi dynasty who ruled for 228 years was so impressive and rich that no individual can run it down," Association president Nawab Najaf Ali Khan said in a statement here Thursday.He wanted to know how the political parties can blame Nizam for bifurcation of Andhra Pradesh and drag his name in the debate. In an obvious reference

to the claim by former chief minister N. Chandrababu Naidu that Hyderabad developed during his rule and not during Nizam's rule, Khan said the political leaders can't compare themselves with the Nizam who had a tremendous foresight and left an indelible mark in almost every sphere."These leaders should take their history lessons again as they have absolutely no knowledge about the administrative skills displayed by the Nizam," he said.Pointing out that 66 years had passed since the Nizam's rule ended, he said

the leaders had done nothing except blaming each other for their follies. He said the Nizam was a leader of the masses and he made available to people all the latest technology available at that time. The association said it was during Nizam's rule that Osmania University, Osmania Hospital, Niluofer Hospital, schools, colleges, scientific and research institutes were set up. The Nizam also built roads, started railways, aviation services, introduced telephone, radio, electricity, postal, built water supply and drainage

system and established industries including Nizam Sugar Factory. Khan said even when he was not the ruler, the Nizam served the people. He set up Nizam Orthopaedic Hospital with his own money when during a visit to Osmania Hospital he saw a boy, whose leg was amputated and he was told that the facility to put an artificial limb was available only in Pune. He also set up Nizam Charitable Trust in 1954 with the corpus amount of Rs.4.9 crore. It is still in existence helping the poor and needy regardless of religion and caste.


2,

Friday, January 24, 2014

MARK INDIA, Hyderabad

MARK INDIA Flat No. 106, Block - A, Archana Apartment, East Marredpally, Secunderabad 500 - 026.

Aam Aadmi Party's troubled trio More trouble seems to be in store for Aam Aadmi Party given the criticism being heaped on the trio Delhi CM Arvind Kejriwal, Law Minister Somnath Bharti and Kumar Vishwas – by leaders across parties. While Kejriwal continues to be ridiculed by the Congress and the BJP leaders for the sit-in, the chorus of resignation against Somnath Bharti is growing louder with each passing day. The National Commission of Women (NCW) is the latest to have demanded his resignation for his alleged manhandling of African women. Speaking to a news channel, NCW chief Mamata Sharma said Delhi CM Arvind Kejriwal should ask Somnath Bharti to quit over the alleged misbehaviour with Ugandan women. "The Delhi Commission for Women is dealing with the case. Bharti has been summoned. After the State Commission submits its report, we will take up the case," she added. Kumar Vishwas, on the other hand, has apologised for his controversial remarks on Malyali nurses, which many protesters are calling as racial slur. Arvind Kejriwal, who started his political journey brilliantly by catapulting to the post of Delhi CM after his party sweeped the Assembly polls with 28 seats, is now on the recieving end of a plethora of negative remarks after he staged a two-day dharna to get five cops suspended. However, the dharna was called off after the Lieutenant Governor mediated and sent two SHOs on leave. Not even one month in his chief ministership, Kejriwal has earned a string of tags like anarchist, maoist, populist, and latest in the list - “mad CM”, which was gifted to him by nother than the country's Home Minister Sushilkumar Shinde. Shinde called him a "yeda" (crazy) CM, regretting that because of his dharna, the leaves of the policemen were cancelled. Earlier, he had been called anarchist, not once but many times by the leaders across the partylines, slamming him for creating chaos in the capital by staging his sit-in for suspending the police officers, whom AAP called "errant" because they refused to comply with his ministers Somnath Bharti and Rakhi Birla. Funnily, Finance Minister too dedicated an SMS joke (which someone sent him) to Kejriwal. The joke reads - "Vishnu told Arjun go do your dharma, but he told Kejriwal, go do your dharna." Chidambaram also suggested Chief Minister Kejriwal to quit, if he didn't know how to govern. "That (dharna on streets) is not governance. That is abdicating governance. If you don't know how to govern, quit," said Chidambaram.

Can Rahul give the Congress a winning idea for Election 2014? It is the best of parties, it is the worst of parties. It is the party of wisdom, it is the party of foolishness. It is the party of hope, it is the party of despair. Vote for it, and we are all going direct to Heaven, vote for it, and we shall all go direct the other way... No -- with due apologies to Charles Dickens -- this is not A Tale of Two Cities, but 'A Tale of Two Parties'. India's oldest party, the Congress, is an organisation in search of an idea. India's youngest party, the Aam Aadmi Party, is an idea in search of an organisation. Both, realistically speaking, have barely two months -- slightly less, actually -- to achieve their quest. Its decimation in four Vidhan Sabha polls has led commentators to write off the Congress before a vote is cast in the general election. Through the same strange alchemy the chances of the Aam Aadmi Party are being boosted to the skies even though the party didn't actually emerge as the single largest party -votes or seats -- even in politically-charged Delhi. The bottom-line remains that the Congress is still the only party with a truly panIndian presence. The Bharatiya Janata Party is largely absent from huge chunks of eastern and southern India. Contrariwise, the Aam Aadmi Party's ability to win seats outside the political epicentre of Delhi is an unanswered question. Even the undivided Team Anna -- now decidedly divided -- failed to enthuse

Mumbaikars in 2011, the year of its glorious struggles in Delhi. But what is the use of an organisation if it cannot enthuse voters? That needs an idea to motivate the electorate. In 1971 Indira Gandhi won on the back of 'Garibi Hatao!' (poverty alleviation). In 1980 the NehruGandhis rode back by pointing to the price of onions (inflation). Sympathy waves took the party home in 1984 and 1991. What is the one big idea that could work in 2014? The biggest cheers at Rahul Gandhi's speech to the All India Congress Committee on January 17 came when he yelled, 'Pradhan Mantriji, hamein baarah cylinder chahiye! (Mr Prime Minister, we want 12 cylinders!)' It doesn't quite have the ring of 'Garibi Hatao!', does it? Some in the Congress believe that the party should, somewhat brazenly, claim the cause of fighting corruption as its own. But the Congress's idea of fighting corruption is nothing but tinkering with laws, it lacks the stomach to take on the corrupt. Look at the Adarsh Housing Scandal. A report by the Comptroller & Auditor General said it was a prime example of how 'select officials, placed in key posts, could subvert rules and regulations in order to grab prime government land.' Parliament's Public Accounts Committee denounced the 'cavalier manner in which the serious issue of security was overlooked.' A two-member commission set up by the govern-

ment of Maharashtra itself mentioned 'greed, nepotism and favouritism.' And the Central Bureau of Investigation named a former chief minister, Ashok Chavan, after looking into the scam. How did the Congress deal with this disapproving chorus? The Congress-Nationalist Congress Party coalition in Maharashtra rejected the report from the commission headed by Justice (retired) J A Patil even though it was the same ministry that had set it up in the first place. And the governor of Maharashtra, K Sankaranarayanan, refused to give the CBI the permission to prosecute Ashok Chavan. Yes, Rahul Gandhi made one of his now-famous interventions when his party's government in Mumbai rejected the two-man commission's report. But it was fruitless; the Prithviraj Chavan ministry decided to go after the bureaucrats named in the report while leaving the politicians well and truly alone. Does this sound like the Congress is serious about fighting corruption, leave alone make the crusade against venality the central theme of its 2014 election campaign? The Aam Aadmi Party's problem is the mirror image of that facing the Congress. It has the big idea, which is to combat corruption, but it lacks the organisation to work on the ground. There is a difference between an idea and an ideology. But do remember that the pre-1947 Congress con-

sisted of people with differing ideologies who were yoked together by a single goal, namely a free India. The difference, of course, is that the Congress never needed to fight elections until decades after it was created. The Aam Aadmi Party does not possess the luxury of time. The Aam Aadmi Party believes that it cannot attract the dedicated pro-BJP voter. Thus, logically, it has positioned itself as a substitute for the Congress. There are people who simply cannot bring themselves to vote for the BJP, but are equally dismayed by the Congress, or the Left Front, or the Samajwadi Party. It suits them to believe that the Aam Aadmi Party is a throwback to the Congress of Nehruvian days -- relatively clean, relatively accessible, and making much the same noises on issues ranging from a plebiscite in Jammu & Kashmir (first mooted in Nehru's day) to a discomfort with the private sector. Within the Congress itself some once thought that the Aam Aadmi Party would split the anti-Congress vote. Judging by what happened in Delhi, the Aam Aadmi Party seems to be swallowing the Congress. Rather than split the anti-Congress vote the Aam Aadmi Party could end up splitting the anti-BJP vote.Some ask if the Aam Aadmi Party could be successful outside Delhi. That remains to be seen, but one assessment is that the Aam Aadmi Party could win about 50,000 votes in various segments in states such as Karnataka.

Siwei’s former CEO, Wang, says his books were a mess but he committed no wrongdoing. “We were a legend in the industry,” Wang, 52, told Reuters, in his first media interview since the announcement of the write-off. Wang is now pursuing a second act: He has launched a new company with a nearly identical name in the same business. He has yet to build a factory, but says he can take Siwei’s old customers when he does. BECOMING A CHINESE MANUFACTURER When it bought Siwei, Caterpillar had been doing business in China for more than 30 years. It had amassed 20,000 China employees, dozens of manufacturing, research, logistics and parts centers and a broad dealer network. It had nine new facilities under construction, and had just completed the $8.8 billion purchase of Bucyrus, a mining and earth-moving company with significant China operations. When former Chinese president Hu Jintao dined with a group of American businessmen in 2011, Caterpillar Chief Executive Doug Oberhelman was included. But the company was slow to ramp up production of construction machinery in China and lost out on market share as a result, says Anthony Farmer, a former executive at Caterpillar. It didn’t want to make the same mistake in coal mining equipment. China’s coal industry is the largest in the world, but

it also insular. Local companies, particularly state-owned enterprises, prefer locally made products, said Farmer, now at construction and mining consultancy Millton Group. Siwei was attractive. It once was state-owned, but no longer. That, and the fact that it was listed in Hong Kong - under the name of ERA - made it much easier for a foreign company to buy. Moreover, the roof supports it made - spatula-like hydraulic arms that keep underground coal mines from collapsing - were lucrative, since 80 percent of China’s mines are underground. Siwei retained close ties to the government. In 2012 alone, it was visited twice by the Communist Party leader of Zhengzhou. AMERICAN CONNECTIONS Adding to the appeal, Siwei also had three high-profile investors with American ties. Li Rubo, an Americantrained mining engineer and an early Siwei investor, had arranged mining deals in Russia and Mongolia - sensitive undertakings that would have required political connections. Emory Williams, an American business associate of Li, was a major shareholder and chairman of Siwei’s parent. He had invested in a Beijing concrete business back in the mid1990s. The son of a former senior Sears executive, Williams had also served as chairman of the American Chamber of Commerce in Beijing. And along with Li, he

had founded another Chinese mining company recently sold to another American mining equipment maker. The third investor was Jimmy Thompson. He was Li Rubo’s son-in-law - and the son of billionaire Jim Thompson, who founded Crown Worldwide, the transport, relocation and storage giant. Li and Williams were part of the reason Caterpillar felt comfortable with the acquisition, several people with direct knowledge of the situation said. “They provided loans, they helped finance the company,” one of those people said. Beyond that, their influence was limited. “The show was run out of Zhengzhou on a day-to-day basis. Unfortunately, they were further away from the business than I had expected,” that person said. “Our reliance on them was the blind leading the blind.” Li, Thompson and Williams declined to comment for this story. PROJECT SEQUOIA Steve Wunning, the Peoria-based president of Caterpillar’s mining equipment division, Resource Industries, and then-Chief Financial Officer, Ed Rapp, pitched the idea of buying Siwei to the company’s board of directors in October 2011. It was codenamed “Project Sequoia.” The board expressed support for the strategy, according to court documents filed in the United States.The first sign of trouble surfaced quickly. On November 7, 2011, the board received a two-page memo

explaining that Siwei would need an immediate $50 million loan for working capital. Excerpts of the memo were contained in the court documents. The memo explained that Siwei’s customers weren’t paying what they owed. It also noted Siwei hadn’t made overtime payments to its workers and didn’t hold operating permits required by Chinese regulations. Fixing these and other issues, the memo said, would cost CAT as much as $30 million. The board was unfazed. That same day, the directors voted for the acquisition, authorizing the purchase of Siwei for up to $964 million. It would be the biggest foreign machinery acquisition in Hong Kong or China since the country opened up for business in 1978. The board also authorized the loan for working capital. Four months later, in March 2012, the board received another memo signaling trouble at Siwei, court documents showed. The company had missed its 2011 financial targets, and its parent company, ERA, was going to report a $2 million loss rather than a $16 million profit. Wunning also told the board that Siwei’s average receivables had grown to an extraordinary 371 days, according to filings in connection to the court case. Corporate filings show the amount owed to Siwei by customers had risen 58 percent per year since 2008, overtaking total sales in 2011. Some 90 percent of those debts were overdue when Caterpillar launched its bid.

How Caterpillar got bulldozed in China Asia’s top mergers and acquisitions bankers gathered two years ago at the swanky Island Shangri La in Hong Kong to celebrate the top deals of 2012. As the transactions were being toasted, one was unraveling. Advisers on Caterpillar Inc’s $677 million purchase of ERA Mining Machinery Ltd picked up an award for crossborder deal of the year. The purchase was billed as a coup for Caterpillar, the world’s top maker of tractors and excavators. ERA was the holding company for Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing Co Ltd, one of China’s biggest makers of hydraulic coal-mine roof supports. Siwei would help Caterpillar gain traction in the world’s largest coal industry. “Siwei was going to be our Chinese business card,” said a person with direct knowledge of Caterpillar’s strategy. The night of the awards on November 16 three Caterpillar lawyers were wrapping up an eight-hour grilling of Wang Fu, Siwei’s chairman. Major accounting problems had been unearthed at Siwei headquarters in the gritty Chinese city of Zhengzhou. Two months later, on January 18, 2013, Caterpillar said it had discovered “deliberate, multi-year, coordinated accounting misconduct” at Siwei. Wang was sacked. Caterpillar took a non-cash goodwill impairment charge of $580 million - 86 percent of the value of the deal. The company says it was caught unaware by the problems at

Siwei and only discovered them in November 2012, five months after the deal closed. A Reuters review of hundreds of pages of public documents, as well as interviews with former employees, board members, bankers and advisers, reveals a more complex story. Accounting problems were rampant at Siwei before Caterpillar bought it. Yet at multiple junctures, Caterpillar chose to ignore existing or potential problems and push ahead with the deal. A year and a half after directors of the Peoria, Illinoisbased company signed off on the deal, it has become a case study in how a foreign company with decades of experience in China can still flounder in that market. It also shows how willing some multinationals are to accept risks they might otherwise avoid to establish themselves in the world’s second-largest economy. The deal has triggered legal action against Caterpillar. In May, Caterpillar announced it had settled a dispute with Siwei’s controlling shareholder, owned by an heir to the Crown Worldwide logistics company fortune and the former head of the American Chamber of Commerce in Beijing. Four shareholder suits filed in the United States in Caterpillar’s home state of Illinois are continuing. Meanwhile, Siwei has foundered. Former employees told Reuters that as of September, the company had no new orders in 2013, and it had fired or furloughed about half of its workforce.

Texting while walking can play havoc with posture and balance A new study suggests that texting on your phone while walking alters posture and balance.Sending text messages has become an increasingly popular form of communication, but little is known about how sending text messages impacts our lives. Scientists lead by Siobhan Schabrun from the University of Queensland studied the effect of mobile phone use on body movement while walking in 26 healthy individuals. Each person walked at a comfortable pace in a straight line over a distance of approximately 8.5 m while doing one of three tasks: walking without the use of a phone, reading text on a mobile phone, or typing text on a mobile phone. The body's movement was evaluated using a threedimensional movement analysis system.Texting, and to a lesser extent reading, modified the body's movement while walking.In comparison with normal walking, when participants were writing text, participants walked slower, deviated more from a straight line and moved their neck less than when reading text.Although the arms and head moved with the chest to reduce relative motion of the phone and facilitate reading and texting, movement of the head increased, which could negatively impact the balance system.Texting or reading on a mobile phone may pose an additional risk to safety for pedestrians navigating obstacles or crossing the road.

Fish oil could help prevent Alzheimer's

Fish has long been hailed as 'brain food,' and now a new study has revealed that fish oil supplementation can help ward off diseases such as Alzheimer's.It was found that people with higher levels of the omega-3 fatty acids, which are found in fish oil, may have larger brain volumes in old age equivalent to preserving one to two years of brain health.Shrinking brain volume is a sign of Alzheimer's disease as well as normal aging.For the study, the levels of omega-3 fatty acids EPA+DHA in red blood cells were tested in 1,111 women who were part of the Women's Health Initiative Memory Study. Eight years later, when the women were an average age of 78, MRI scans were taken to measure their brain volume.It was found that those with higher levels of omega-3s had larger total brain volumes eight years later. Those with twice as high levels of fatty acids (7.5 vs. 3.4 percent) had a 0.7 percent larger brain volume. "These higher levels of fatty acids can be achieved through diet and the use of supplements, and the results suggest that the effect on brain volume is the equivalent of delaying the normal loss of brain cells that comes with aging by one to two years," study author James V. Pottala, PhD, of the University of South Dakota in Sioux Falls and Health Diagnostic Laboratory, Inc., in Richmond, Va, said.Those with higher levels of omega-3s also had a 2.7 percent larger volume in the hippocampus area of the brain, which plays an important role in memory.

New online course to help youngsters avoid obesity, maintain good health

Researchers have designed a new theory-based, webdelivered course in an attempt to prevent young adults, aged 18 to 25, from gaining excess weight, which makes them prone to obesity later in life.According to lead author Kendra K. Kattelmann from South Dakota State University, the course, Project YEAH (Young Adults Eating and Active for Health), represents an intervention that pilot-test college student participants found relevant and useful, gained participants' attention, instilled confidence in participants' ability to apply the information gained, and provided a sense of satisfaction. Using the PRECEDE-PROCEED method, based on the Community-Based Participatory Research model, Kattelmann and her colleagues recruited college students from all associated universities to create a program specifically addressing issues regarding those in the transition between adolescence and adulthood. Through several phases of development, students' motivations, barriers, and desires beyond health and weight were determined, as well as the environment surrounding the students. After determining the importance and changeability of all these factors, the information was synthesized to create Project YEAH. The resulting Project YEAH course was specifically developed to include a website for participant interaction. The website allowed for more individualized attention to the participants, including goals and tips. Using a program like this, along with a Community-Based Participatory Research model, allows Project YEAH to be more flexible in terms of adoption across multiple locations, such as college campuses, and therefore more successful in theory. The researchers believe Project YEAH to be the first course of its kind. However, because it implements the PRECEDE-PROCEDE method, they trust it can be successfully applied widely to provide young adults with successful strategies to achieve and maintain good health.The study is published in the Journal of Nutrition Education and Behavior.


3,

Friday, January 24, 2014

MARK INDIA, Hyderabad

Thai court defers election date ruling, capital calm Bangkok, Jan 23 : Thailand's Constitutional Court on Thursday deferred a ruling on whether a general election scheduled for February 2 can be postponed, as protesters who say they will boycott the vote kept up pressure on the government to step down. Prime Minister Yingluck Shinawatra declared a 60-day state of emergency in Bangkok and surrounding areas from Wednesday, hoping to prevent an escalation in the protests now in their third month. The Election Commission says the country is too volatile to hold a general election now and that technicalities mean it is anyway bound to result in a parliament with too few lawmakers to form a quorum. The government says the decree to hold the election on that date has been signed by the king and cannot be changed. "The Constitutional Court has accepted this case and we will look at the legal issues involved. If there is

enough evidence, we may hand down a decision tomorrow," said court spokesman Pimol Thampithakpong. The protests are the latest eruption in a political conflict that has gripped the country for eight years. The emergency decree failed to clear the demonstrators, though the capital has been relatively calm this week. Broadly, the conflict pits the Bangkok middle class and royalist establishment against the mainly poorer supporters of Yingluck and her brother, expremier Thaksin Shinawatra, who was toppled by the military in 2006. Nine people have been killed in outbursts of violence, including two grenade attacks in Bangkok last weekend. A leading pro-government activist was shot and wounded on Wednesday in Thailand's northeast, a stronghold of the Shinawatra family, in what police said may have been a political attack, adding to fears the violence could spread. A ruling in favor of the Election

Pakistan rules out release of doctor who tracked bin Laden Islamabad, Jan 23 : Pakistan on Thursday ruled out the possibility of releasing Shakil Afridi, the doctor who helped the CIA track Osama bin Laden, saying the matter was sub judice and his fate would be decided by courts. "There is no possibility of Shakil Afridi been released on US request," Foreign Office spokesperson Tasnim Aslam told a weekly news briefing. Afridi has been convicted and an appeal is pending, she said. The Foreign Office earlier this week said it was disappointed with the US for planning to withhold aid worth USD 33 million in connection with the 33-year prison term given to Afridi by a court in the tribal areas. A statement said Afridi had caused immense damage to the country"s anti-polio drive. The new USD 1.1 trillion spending bill for the remaining part of the US fiscal year appropriates military and non-military aid to Pakistan. But the US government warned it could withhold USD 33 million from available assistance "until the Secretary of State reports...That Dr Shakil Afridi has been released from prison and cleared of all charges relating to the assistance provided to the United States in locating Osama bin Laden". The fresh row comes just days ahead of the ministerial-level strategic dialogue between Pakistan and the US in Washington on January 27. The talks are being held after a delay of over three years. Afridi, arrested soon after the May 2011 raid by American commandos that killed bin Laden in the Pakistani garrison town of Abbottabad, was convicted for alleged ties to the banned Lashkar-e-Islam and not for the US raid. He is currently being held in a jail in Peshawar. The killing of the Al Qaeda chief sent bilateral ties into a tailspin and embarrassed the Pakistan military. Legal experts and rights activists have challenged Afridi's conviction and the US has been pressing Pakistan to release him. Afridi's appeal against his conviction will be heard on January 30.

Commission would deepen Thailand's political quagmire, already weighing on investor enthusiasm for Southeast Asia's second-biggest economy. The main opposition Democrat Party says it will boycott the vote. Protest leader Suthep Thaugsuban, a former Democrat minister, wants democracy suspended so that a "people's council" can push through electoral and political changes. Thais living overseas have already voted and some advance voting takes place around the country on Sunday. The protesters have said they would try to disrupt the election. On Wednesday, an unidentified gunman opened fire on Kwanchai Praipana, a leader of Thailand's pro-government "red shirt" movement and a popular radio DJThe attack in Udon Thani, about 450 km (280 miles) northeast of Bangkok, was the most significant violence outside the capital and illustrates the risk that the turbulence could spread to other

parts of Thailand. Just a day before, Kwanchai had warned of a nationwide fight if the military launched a coup, as widely feared. So far the military, which has been involved in 18 actual or attempted coups in the past 81 years, has kept out of the fray. Police are charged with enforcing the state of emergency and are under orders from Yingluck to show restraint. "We announced a state of emergency to help police do their work," Yingluck told reporters on Thursday. "But given what happened in 2010 I don't want police to use force outside of the legal framework," she added, referring to a military crackdown that year on proThaksin protesters during which scores were killed. Army chief Prayuth Chanocha said this week his troops might have to play a bigger role if serious violence breaks out. "If such violence erupted and no one is able to solve it, the troops would have to step in and tackle it.

Abe sees World War One echoes in Japan-China tensions Tokyo, Jan 23 : Japanese Prime Minister Shinzo Abe has said Japan and China should avoid repeating the past mistakes of Britain and Germany, which fought in World War One despite their deep economic ties, according to his main government spokesman in Tokyo. Abe was speaking on the sidelines of the World Economic Forum in Davos, Switzerland on Wednesday. His comments were provided by Chief Cabinet Secretary Yoshihide Suga after the Financial Times said Abe had told reporters that China and Japan were in a "similar situation" to Britain and Germany before 1914, whose close economic ties had not prevented the conflict. He also said China's steady rise in military spending was a major source of regional instability, the newspaper reported.Suga said earlier in the day that Abe's comments should by no means be interpreted to mean that war between the two Asian giants was possible, noting that Abe had said dialogue and the rule of law, not armed forces and threats, were needed for peace and prosperity in Asia. Sino-Japanese ties, long plagued by what Beijing sees as Japan's failure to atone for its occupation of parts of China in the

A protester throws a Molotov cocktail during clashes with police in central Kiev, Ukraine.

1930s and 1940s, have worsened recently due to a territorial row, Tokyo's mistrust of Beijing's military buildup and Abe's December visit to a shrine that critics say glorifies Japan's wartime past. Suga told a news conference that Abe - noting that this year is the 100th anniversary of the start of World War One - said Britain and Germany clashed despite their deep economic ties. Asked if China and Japan might clash militarily, Abe replied that such a conflict "would be a great loss not only for Japan and China but for the world and we need to make sure such a thing would not happen," according to Suga. China and Japan, the world's second- and third-largest economies respectively, have deep business ties and bilateral trade that was worth nearly $334 billion in 2012, according to Japanese figures. China criticised Abe's historical reference. "It would be better to face up to what Japan did to China before the war and in recent history than to say stuff about pre-World War One British-German relations," Foreign Ministry spokesman Qin Gang told a news conference in Beijing.

Motorcycle gunmen kill five Egyptian police, government says Cairo, Jan 23 : Masked gunmen riding motorcycles killed five Egyptian policemen in an attack on a checkpoint south of Cairo on Thursday, the Interior Ministry saidThe attack in the province of Beni Suef, 100 km (62 miles) south of Cairo, was carried out by men riding two motorcycles, a ministry statement said. "They opened fire heavily on the forces at the checkpoint," the statement said. Two policemen were wounded. Bombings and shootings targeting security forces have become commonplace since Islamist President Mohamed Mursi was deposed by the army last July after mass protests against his rule. There was no immediate claim of responsibility for the attackThe state has declared itself in a war on terror, and declared Mursi's Muslim Brotherhood a terrorist group on December 25. The Brotherhood has said it remains committed to peaceful activism.

Rouhani says in negotiations with U.S., Europe relations to normalise Davos, Switzerland, Jan 23 : Iran is negotiating with the United States as part of a "constructive engagement" with the world community and is seeking actions from Washington to back up its words, President Hassan Rouhani said on Thursday. Rouhani, speaking at the World Economic Forum in Davos, also said relations with Europe will be normalised as an interim nuclear accord is implemented. A deal with six major powers including the United States to restrict Iran's disputed nuclear programme in exchange for a partial easing of economic sanctions entered into force this week. "I hereby announce that one of the theoretical and practical priorities of my government is constructive engagement with the world," Rouhani said.

Russian court orders release of ex-aide to Khodorkovksy Moscow, Jan 23 : The former business partner of Kremlin critic Mikhail Khodorkovsky will be released from prison on Friday under a ruling by Russia's Supreme Court that reduced his sentence. Platon Lebedev is the latest high-profile prisoner to be freed in Russia as President Vladimir Putin tries to soften criticism of his record on human rights and democracy before next month's Winter Olympics on Sochi. Lebedev, who with Khodorkovsky was sentenced for tax evasion in 2005 and later convicted on other charges, had been due for release in May but the Supreme Court ruled on Thursday that his sentence should be reduced. "Release Lebedev," Supreme Court Judge Pyotr Serkov declared in the ruling after reducing his sentence so that it amounted to time served.Putin pardoned Khodorkovsky, once Russia's richest man and the head of the oil company Yukos, last month. But Lebedev, who is being held close to the Arctic Circle, did not seek a pardon and had remained in jail.

P. Chidambaram during a panel session on the second day of the 44th Annual Meeting of the World Economic Forum, in Davos, Switzerland on Thursday.

One in five women raped in US: Report Washington, Jan 23 : Nearly 22 million women about one in five - have been raped in their lifetimes in the US, with nearly half of the victims subjected to sexual assault before the age of 18, according to a White House report. Though women of all races are targeted, but some are more vulnerable than others, it said. The report said 33.5 per cent of multiracial women have been raped, as have 27 per cent of American-Indian and Alaska Native women, compared to 15 per cent of Hispanic, 22 per cent of Black, and 19 per cent of White women. Most victims know their assailants and a vast majority (nearly 98 per cent) of perpetrators are male, according to the report released yesterday. Nearly 22 million American women and 1.6 million men have been raped in their lifetimes, it said. The report was issued by the White House ahead of a cabinetlevel meeting of the White House Council chaired by

President Barack Obama on women and girls with the council representatives from each agency to examine the progress made and to renew a call to root out abuse wherever it exists. The report titled "Rape and Sexual Assault: A Renewed Call to Action" outlined the facts surrounding rape and sexual assault and identified key areas to focus on and improve, including efforts towards changing social norms, improving criminal justice response, and protecting students from sexual assault. Later, Obama signed a Presidential memorandum to set up a task force to protect students from sexual assaults. "The President believes that the prevalence of rape and sexual assault in our Nation's schools is both deeply troubling and a call to action. When 1 in 5 young women is sexually assaulted while in college, we must do more," the White House said in a fact sheet. According to

the report, young people are especially at risk with nearly half of female survivors raped before they were 18, and over a quarter of male survivors raped before they were 10. College students are particularly vulnerable, one in five women has been sexually assaulted while in college, the report said. Repeat victimisation is common with over a third of women who were raped as minors were also raped as adults, it said. Men and boys, however, are also at risk, the report said, adding that one in 71 men or almost 1.6 million have been raped during their lives. Other populations are also at higher risk of being raped or sexually assaulted, including people with disabilities, the LGBT community, prison inmates (of both genders), and the homeless, the report said. Undocumented immigrants face unique challenges because their abusers often threaten to have them deported if they try to get help, it said.

Indian workers will not be affected by new bill: Singapore Singapore, Jan 23 : Singapore has assured Indian workers they will not be affected by a new bill that gives special powers to police in Little India, the scene of the country's worst riots in over 40 years. Law and Foreign Minister K Shanmugam said the bill was among "temporary measures to try and nip things in the bud" at Little India, a precinct of Indianowned businesses, eateries and pubs where South Asians working in Singapore spend their day off. He said the bill was confined to Little India as it was the government's duty to do what it can to prevent another incident. The public has little to worry about it, he said, adding that the bill was not discriminatory. "If you are coming in, taking in the air, going into the restaurants, enjoying the open air, walking about none of these powers would impact on you," Shanmugam told over 400 workers in Tamil at foreign workers' dormitory last night. "We are trying to restrict it, to keep it contained. The incident (riot) took place there. There is where you get a large concentration of foreign workers coming on weekends. We haven't yet seen a similar situation in other places," the minister was quoted as saying by The Straits Times. Singapore on Monday introduced a new bill in parliament that will give

police special powers to maintain public order in Little India. The proposed law would allow police and other state agencies to enforce the alcohol restrictions and regulate movement of persons. Shanmugam also noted that the mood of the workers was "much more positive". "They were (then) concerned about themselves, as to...Whether they would be sent back," he said, recalling his previous visit. Shanmugam visited the dormitory in the Jurong industrial region on December 17, in the wake of the December 8 riot. "I assured them that if they did nothing wrong, nothing would be done...Now they know that that assurance is true...So they feel a

certain sense of confidence," he said. Shanmugam also assured the workers, mostly from Southern India, that action would be taken to improve their welfare, such as the costs within the dormitories. The December 8 riot, triggered by the death of an Indian national in a bus accident, was Singapore's worst outbreak of violence in 40 years. Over 400 migrant workers rioted, injuring 39 police and civil defence staff and damaging 25 vehicles, including 16 police cars. Following the incident, 25 Indian nationals are facing court charges for rioting. The authorities have also deported 56 Indians and one Bangladeshi and issued police advisories to 213 others in connection with the riot.

Berlusconi faces new investigation in prostitution case Milan, Jan 23 : Milan prosecutors said on Thursday they had opened a new investigation against Silvio Berlusconi over accusations the former Italian prime minister corrupted witnesses in a trial in which he was convicted of paying for sex with a minor. The investigation follows the conviction of three associates in a separate but related trial in which they were found guilty of procuring young women for prostitution at parties at Berlusconi's luxurious villa near Milan. Last year, judges in the trial requested prosecutors to consider opening an investigation into allegations that Berlusconi and his lawyers had called in some of the young women for meetings to discuss the evidence they planned to give in court.


4,

Friday, January 24, 2014

MARK INDIA, Hyderabad

Two held for carrying knives into Modi's UP rally venue Lucknow, Jan 23 : Two men were detained Thursday for carrying large knives into the venue of a rally in Uttar Pradesh to be addressed in the afternoon by BJP prime ministerial candidate Narendra Modi, police said. The men were detained hours before the Shankhnad rally of the Bharatiya Janata Party was to begin in Gorakhpur, ahead of the arrival of Gujarat Chief Minister Narendra Modi. The men, both in their mid-40s, were whisked away by policemen to the Chilwataal police station nearby for interrogation. Policemen found the knives in bags carried by the men, while frisking them after a metal detector set off an alarm. "They had no explanation for why they were carrying the knives, but claimed that they had only come to hear Narendra Modi, and meant no harm," an official said.Heavy police presence was in place to ensure fool-proof security at the venue of the rally. Keeping in view the security threat to Modi, the state police had dispatched seven additional companies of the Provincial Armed Constabulary (PAC) to guard the rally venue. This included four officials of superintendent of police (SP) rank, 8 additional SPs, and 13 deputy SPs. Modi has so far addressed four rallies in Uttar Pradesh -- at Kanpur, Jhansi, Bahraich and Varanasi -- in a bid to galvanise party cadres.

Mulayam, Akhilesh have destroyed UP: Modi

Bollywood actress Bipasha Basu walks on the ramp during a fashion show “Rudraksha North East” in Guwahati.

Lawyers in Seemandhra region to call off of stir on February 3 Vijayawada, Jan 23 : The lawyers in the Coastal Andhra Pradesh and Rayalaseema regions, who have been boycotting the courts for the past 177 days, protest against the bifurcation of the state, have decided to attend court on February 3. Lawyers Joint Action Committee convener Matta Jayakar disclosed this, while talking to reporters here today. He said that a meeting was held here today in which all BAR association presidents, secretaries and members of 13 districts attended. He said that it had been decided to continue the boy-

cott of the court till January 31. A crucial meeting would be held on February 2 here in which the layers would evolve the future course of agitation. Mr Jayakar deplored that cases had been pending in the court in large numbers due to lawyers strike. The lawyers J A Cs had also taken into consideration the sufferings of common men and decided to call off the strike and attend courts on February 3. He said that lawyers were planning to go Delhi and meet all the political leaders of various political parties to urge them their support to keep the

state undivided. Earlier, the lawyers organised Jai Samaikyandhra state advocates seminar. Addressing the seminar Visakhapatnam BAR association secretary S Yadav proposed to continue to boycott courts till the end of Parliament session on February 25.Bar Association Presidents and secretaries of various districts including LVS Murthy of Guntur, PLN Prasad of Rajhamundry, Sunny Yadav of Visakhapatnam, P Venkataramana of Srikakulam, Ramakrishna of Eluru and Subba Rao of Ongole spoke in the lawyers seminar.

party goes into elections as an underdog, Mr. Jaitley said, “Congress may end up getting its lowest figure in the history of Indian parliamentary elections.” Replying to Mr. Sibal’s poser to Mr. Modi on why he was quiet on B.S. Yeddyurappa’s entry in BJP, Mr. Jaitley said the moment the chargesheet was filed against Mr. Yeddyurappa, the party asked him to resign that caused a split in its Karnataka unit and eventually cost it the state government. He said that Mr. Yeddyurappa has unconditionally joined BJP and the party has not offered him any position.Giving a contrasting picture, Mr. Jaitley said Congress has decided to enter into an alliance with a convicted Lalu Prasad Yadav and shield its former Chief Minister Ashok Chavan from prosecution by refusing to grant sanction.He accused Con-

gress of being involved in big corruption cases like 2G spectrum and coal blocks allocation, and alleged it was unable to take action against Himachal Pradesh Chief Minister Virbhadra Singh against whom “unlawful gratification through cheques stands established“. In an apparent reference to Robert Vadra’s land deals, he reminded Mr. Sibal of business transactions of sons and sons-in-law of his leaders and charged his party of giving a government which he termed as the “most corrupt”.Mr. Jaitley said the enthusiasm of investors in Indian economy has disappeared and a reverse flight of capital has increased, with inflation and corruption causing a rout of Congress in the recent assembly elections. “Leadership of both the party and the government is perceived to be non-inspirational,” he told Mr. Sibal.

Congress has nothing to sell or show to the electorate: Jaitley

New Delhi, Jan 23 : Hitting out at Congress for ’decrying’ its opponents, BJP on Thursday said the ruling party was doing so as it has nothing to sell or show to the country’s electorate ahead of Lok Sabha polls. Leader of the Opposition in Rajya Sabha Arun Jaitley slammed Finance Minister P. Chidambaram and Law Minister Kapil Sibal for attacking BJP and the party’s prime ministerial candidate Narendra Modi. “The party may choose to decry its opponents as salesmen and showmen. Regrettably, the Congress Party has nothing to sell and certainly nothing to show to the electorate of this country,” he said in an article. Attacking Mr. Sibal for describing Mr. Modi as a ‘salesman’ and Mr. Arvind Kejriwal as a ‘showman’, Mr. Jaitley said Mr. Sibal and the Finance Minister have not

only overlooked the fact that Madhya Pradesh, Chhattisgarh, Rajasthan, Gujarat and Goa were regarded as one of the better administered states where the GDP growth is much higher than the national average even though three of them were considered as ‘Bimaru’. On Mr. Chidambaram, he said he was expected to market the Indian economy before political and trade leaders of the world gathered at Davos, but he chose to hit out at BJP instead. The BJP leader said while the Finance Minister chose to speak about BJP and Mr. Modi at Davos, his utterances coincided with rating agency Moody’s India report that says “the industry is today waiting for a political change led by Narendra Modi for a major turn-around to take place”.On the Finance Minister’s admission that his

Jain community expresses gratitude to Centre for granting minority status New Delhi, Jan 23 : Members of the Jain community have hailed the decision of the Central Government to grant them the status of a national minority, a demand put forth to protect their faith and culture. A delegation of the Jain community met UPA Chairperson Sonia Gandhi at her 10 Janpath residence here on Thursday. Earlier on Monday, the Government had decided to accord minority status to Jains. The Cabinet approved the inclusion of Jains in the list of notified minority communities under Section 2(c) of the National Commission for Minorities Act 1992, pending the out-

come of court cases in addition to the five communities already notified as minorities under Section 2(c) of the National Commission for Minorities Act, 1992. The president of the Jain community, Chakresh Jain, assured that they would work in the interest of the nation. "We had come to express gratitude to Sonia Gandhi, and we had also come to assure them that the Jain community will work in the interest of the country. We will promote the programmes initiated by the Central Government in the interest of the minorities," Jain said. A leader of Jain

community, Lokesh Muni, lauded the efforts of the government, and welcomed the decision. "Our main issue is that the Jain community, which was fighting a battle for a long time, has got its right and has achieved victory. The entire Jain community is welcoming the decision," Muni said. Under Section 2(c) of National Commission for Minorities (NCM) Act, 1992, five religious communities; Muslims, Christians, Sikhs, Buddhists and Parsis are declared as minority communities through a Government Notification issued in October 1993.

Gorakhpur, Jan 23 : BJP's prime ministerial candidate Narendra Modi Thursday tore into the father-son duo of Samajwadi Party chief Mulayam Singh Yadav and Uttar Pradesh Chief Minister Akhilesh Yadav, saying they had destroyed the state. In an attack on the Samajwadi Party chief, who earlier said at a rally in Varanasi that Modi's hands were soaked in blood, the Gujarat chief minister said the "baap-beta" (father-son) duo followed him wherever he went.Modi was addressing a "Vijay Shankhnad" rally organised by the Bharatiya Janata Party here. On a statement by Mulayam Singh Yadav that Modi could not make a Gujarat of Uttar Pradesh, the BJP leader said the Yadavs

AP HC Judge's daughter-inlaw alleges dowry harassment Chennai, Jan 23 : A 30year-old woman, who is the daughter-in-law of Andhra Pradesh High Court Judge B Chandrakumar, has lodged a complaint of dowry harassment against her husband and his family members. The woman, Kavya Rao, married to the Judge's son B Ramakrishna seven years back and was now living with her parents in Chennai city, lodged a complaint with the Chennai Police Commissionerate here last evening. In her complaint, Kavya, who is the daughter of a businessman, said after her marriage in 2007 she and her husband lived in Bangalore. She said Rs 43.50 lakh was paid as dowry during the marriage, but her husband's family demanded an additional Rs 50 lakhs. After her husband lost his job in 2008, the couple moved to Hyderabad and were living with her in-laws when the harassment began, she added. "I was even denied food and was left to starve as my parents refused to pay any more dowry," Kavya said, adding, "considering my condition, my parents gave my in-laws money at frequent intervals." "But their demands are constantly growing and my family is not able to pay them any more money," she said.

have no "haisiyat" (standing) to change Uttar Pradesh into Gujarat."For turning Uttar Pradesh into Gujarat, a vibrant state, one needs a 56inch chest and not politicians digging their heels into vote bank politics," Modi said, as the crowd cheered on. To become Gujarat, Uttar Pradesh needed 10 percent growth in agriculture, not three or four percent as in the last 10 years, Modi said. Gujarat meant 24x7 power supply, sugarcane dues paid on time, crushing of cane on schedule and happy farmers, something not possible for the Samajwadi Party government, Modi said. "Uttar Pradesh has the potential to become the leading state in the country, but sadly the people who have

ruled here in the past one decade have chosen to ruin the state with their petty, narrow political thinking and vote bank politics," he said. "The state affords no honour to girls and women, no employment, no security or safety for its citizens. You have destroyed the mandate given by the people to your party in the 2012 state assembly polls," the BJP leader said, referring to Mulayam as "Netaji" as he is called by his partymen. He also told the gathering that while other parties decided to destroy Uttar Pradesh, the BJP was committed to the development and prosperity of the state. Seeking a five-year term for the BJP in the Lok Sabha polls, Modi said that while people had given 60 years to

the Congress, he was seeking 60 months to change the face of India and bring prosperity in every home and a smile on every face. Inviting the farmers of Uttar Pradesh to Gujarat, he said one should see for himself or herself what vision he has for the state.Predicting that the voters had made up their mind to vote out the Congress and its allies, Modi also charged the United Progressive Alliance, the Samajwadi Party and Bahujan Samaj Party of being responsible for gloom in the country. Thanking the people of Uttar Pradesh for the love they expressed in attending his rallies in large numbers, Modi said that given a chance, he would return that love, offering them the dividend of development.

New Delhi, Jan 23 : Reserve Bank Governor Raghuram Rajan on Thursday said the order withdrawing all currency notes printed before 2005 was not an attempt at demonetisation or had anything to do with the general elections. He also made it clear that the pre-2005 notes will continue to be legal tender. “This is not an attempt to demonetise. It is an attempt to replace less effective notes with more effective notes. I understand people are making different interpretations. Unfortunately that should not be the interpretation,” he said. Mr. Rajan was answering a question on the RBI’s decision on Wednesday to withdraw all currency notes printed before 2005, after he delivered the 8th R N Kao Memorial Lecture here. CBI Director Ranjit Sinha had asked him about the significance of the decision coming before the general elections.“I have to say that it (withdrawal of

notes) has nothing to do with elections, which certainly is not the objective,” Mr. Rajan said. He said there has been a long standing demand that these notes have unfortunately become less secure. The notes after 2005 have greater security features and the Finance Ministry sought withdrawal of the pre-2005 notes. RBI had on Wednesday said that after March 31, 2014, it will completely withdraw from circulation all bank notes issued prior to 2005. From April 1, 2014, the public will be required to approach banks for exchanging these notes."Inflation a destructive disease" Terming inflation as a ’destructive disease’, Reserve Bank Governor Raghuram Rajan on Thursday said there can be no trade off with growth and prices have to be brought down.“Inflation is a destructive disease. Industrialists complain about high interest rate but we don’t have a choice but to keep

interest at high rate because inflation is high at 8 per cent,” he said in the 8th R N Kao Memorial Lecture organised by Research and Analysis Wing (RAW) here. While industrialists want an interest rate of about 5 per cent, a citizen would like the saving interest rate to be 10 per cent. The mismatch between industrialists demand and account holders is because of inflation.“The point is inflation is hitting the growth in the long run. There can be no trade-off. There is need to bring inflation down. Can we get inflation under control and get high growth,” he said.But, Mr. Rajan said, the policy makers have to face the problem upfront and not keep postponing facing the problem. “We have to examine the Urjit Patel Committee report (asking RBI to calibrate monetary policy to retail inflation rate and not wholesale inflation as is policy presently). We can't push inflation under the carpet as a central banker. We have to deal with it,” he said.

Order on currency notes not linked to polls: Rajan

Finally, AAP forms Delhi unit New Delhi, Jan 23 : Almost a month after it took power in the capital, the AAP Thursday announced its Delhi unit, to be headed by Ashish Talwar, Durgesh Pathak and Dilip K. Pandey. An Aam Aadmi Party (AAP) statement said the Delhi unit would "look after all political activities" in the city.Talwar would be its

convenor and Pathak the coconvenor. Pandey would be the secretary. The Delhi unit would be responsible for the preparations for the Lok Sabha election this year. AAP sources told reporters that although the party rules Delhi, it had no formal Delhi unit until now. "This has now been formalized," said a source speaking on the

condition of anonymity. Delhi's affairs were being looked after by a nine-member Political Affairs Committee and a two-member subcommittee thus far.The AAP, however, has an office in the heart of Delhi. But its main - and older -- office is in Ghaziabad adjoining Delhi, close to where Delhi Chief Minister Arvind Kejriwal lives.

Five arrested for Danish woman's gang rape sent to jail New Delhi, Jan 23 : A court here Thursday sent five men, arrested for robbing and gang raping a 51-year-old Danish tourist, to judicial custody till Feb 6. Additional Chief Metropolitan Magistrate Sudhanshu Kaushik remanded five accused in judicial custody after police told court they do not require their custody any more. Arjun, Raju alias Chhakka, Mohammad Raja, Mahendra alias Ganja, Raju alias Bajji, and a minor has been booked by police for robbing and raping the Danish woman at knife-point near New Delhi Railway Station last week, after she sought directions to her hotel in Paharganj.

C.Damodar Rajanarsimha, Deputy Chief Minister is seen releasing “Media Diary” in his Chambers at Secretariat on Thursday. D.Muttaiah, Editor of the Diary is also seen

Edited, Printed, Published and Owned by L. Aseervadam, Printed at Krashak Printer, Vidyanagar, O.U. Campus Road, Hyderabad. Published from Flat No: 106, Block - A, Archana Apartments, East Marredpally, Secunderabad 500 026. Phone : 040 40160906, 27712775, Fax : 040 -27712774, E-mail : markindiadaily@gmail.com, Editor-in-chief : L. Aseervadam, RNI. No : APENG/2012/47447


Jan 24 14 mi pdf  
Advertisement
Read more
Read more
Similar to
Popular now
Just for you