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November 16-30, 2012
Vol. 8, Issue - 10
Boycott easy Gold / Diamond purchase Plan of Jewellers
Pages : 4
Mr. Goyal, it is Thiruvananthapuram Do you understand ?
Is it gold deposit schemes or fixed deposit scams ? Almost everybody who wants to buy jewellery these days have been accosted by an army of salesmen trying to sell gold schemes. It has been observed after analysis that these schemes are nothing but illegal fixed deposit schemes where the jeweller collects money upfront in a recurring deposit scheme to buy gold and at the end of the deposit period, the client is returned the gold in coins or jewellery after the client pays for making charges, taxes and profit. At the end of period, the jeweller makes all the profit and the client ends up with hardly anything. The client would have been better off investing in bank fixed deposits. Indians are known for their huge fascination towards Gold and Gold jewellery and other items. This can be seen from the mere fact that India is the largest consumer as well as importer of Gold in the whole world. Indian jewellers just a few years ago came to the world's limelight due to their habits of adulterating gold jewellery with iridium and ruthenium to beat hallmarking;. The recent changes in the global market bought with it huge gold price fluctuations in the international market. This volatility was affecting the Indian
M. Thomas, USA jewellers. So many of these schemers thought of a scam to transfer the risk of price fluctuation on the consumer or the end user thereby giving the jewellers free loans for running capital and huge profits. Indian jewellers have since time immemorial adulterated gold with copper and silver and tried to pawn off 18 carat gold as 21 carat and 20 carat gold as 22 carat. This was a flourishing business for jewellers since Indians were so fascinated with gold that they could not understand much about the adulteration that was taking place. Even after liberalization of the Indian markets in the 1990's when gold started flowing into the country by legal routes, they did not change. When these jewellers purchased gold internationally, they got pure gold according to the carats mentioned. They have never got cheated in the international market. However, when they melted the pure gold and made jewellery and sold to Indian customers, they still cheated and gave the customer less value for their money. In this way, India has been flooded with adulterated poor quality gold. Most people would have to sell gold to jewellers at a huge loss because the jeweller who
Finding last resting place for Indians in Gulf : Vayalar Ravi V.K.S. Menon, Sub-Editor buys the gold, checks it and does not pay the correct value because the gold is adulterated. Adulteration is so endemic in this business that it could be seen that even when a jeweller buys gold that has been made in India, he would say that it is 23 carat but he would refuse to pay for 23 carat. He would rather pay for 21 carat. For e.g. If a person purchases 22 carat gold, he gets only 20 carat sometime even less. This translates to a loss of 10% to the customer. However when the same customer goes to the jeweller to sell the gold jewellery, he is told that the gold is indeed 22 carat but the jeweller would only pay 15% less than the price of 22 carat. So in all the customer finally loses on purity of gold, making charges, melting charges etc. Even though the jeweller could inform the seller that the gold he wants to sell is only 20 carat, he does not. Every jeweller tries to save each other's skin. The whole jeweller community is (Continued on page 4 )
Mukesh Ambani's Navi Mumbai SEZ plan stuck The Mukesh Ambani promoted Navi Mumbai Special Economic Zone, which had big plans for industrial units, is yet to take off, thanks to the Maharashtra SEZ Act not having been notified. Reliance Industries Ltd. had begun offering plots on lease at the Dronagiri node, one of the four in the NMSEZ, in December 2010, after the environment ministry approved setting up an international airport in Navi Mumbai. "There is a general slowdown in the economy across the world and it is hitting demand. Initially, we had enquiries from a variety of players, including retailers and hoteliers. But thanks to the act stuck in political circles, the plans are suffering," said a senior RIL official. Of the four nodes, Dronagiri is to spread over 1,250 hectares, the Kalamboli node over 310 ha and the Ulwe (water front) and Airport
nodes over 80 and 500 hectares, respectively. The state government's City and Industrial Development Corporation holds 26 per cent equity in the SEZ, with RIL holding the rest. The company had aggressive plans to begin marketing the SEZ but has put these on hold.
The official said the government had put the SEZ Act in the freezer, "SEZ units will be practically boycotting Maharashtra and Maharashtra will become a bad word for setting up units in an SEZ," he said. Though retailers such as D Mart and the Future Group's Big Bazaar were in talks with Navi Mumbai SEZ executives to lease the space, they did not sign any deal with the latter. Executives of both who spoke to Business Standard said the companies were in talks with NMSEZ to book space but no deal materialised. According to Joy Sanyal, head of development initiatives at property consultancy Jones Lang LaSalle: "Not only NMSEZ, many other SEZs are also suffering because the government has not given approvals. They need government patronage to grow."
To ease the legal troubles and logistical hassles of families of Indians who die in the Gulf countries, India has funded half of the $1.64million funeral home project of the Indian community living in Sharjah following a plea made to Minister of Overseas Indian Affairs Vayalar Ravi. The Indian government's share in the project comes to about $820,000 and the funds have been released for the project through the Indian Community Welfare Fund (ICWF). "There is going to be a funeral place in Sharjah (third largest city in the United Arab Emirates) for which I also paid money. It is a funeral ground for Indians from all religions. It is an Indian community project there. It is a good thing," Ravi told IANS in an interview. "They asked me for some financial help and I paid 50 per cent. They have started work and we have already paid the money," he said at his Akbar Bhavan office here. The ICWF is maintained by Indian embassies and consulates to assist distressed Indians in their host countries and the budgetary allocations for the fund are made by the Ministry of Overseas Indian affairs (MOIA). In September Ravi had expanded the scope of the ICWF to cover penalties in case of overstay or detention, apart from financial support to set up community centres in host countries. (Continued on page 2 )
Bite that can kill: Bedbugs found to carry superbugs
PREVENTION IS BETTER THAN CURE CALL
November 16-30, 2012
SCRAP THE BOMBAY POLICE ACT The Bombay police Act which is being misused by the Mumbai police to the hilt to hit ordinary citizens with charges should be scrapped. The recent arrest of two hundred boys and girls from a pub which was raided in Mumbai recently stands testimony to the fact that it is high time the Bombay Police Act is scrapped. Two hundred party goers were detained by the police during a raid on the pub for violating the time limit. It is ridiculous to say in the least as to why a huge crowd of two hundred party goers were detained during the raid for exercising their constitutional right to be a patron of any open establishment that is licensed by the government. If a pub is kept open for half an hour more than the closing time, whose fault is it? Are the patrons required to ask the pub management to shut down the pub and leave for home? Or is the owner of the pub responsible to know the laws applicable to the pub and close the pub on time and kick out the patrons? First of all on what basis were these boys and girls detained and brought to the police station. Was it a rave party? NO! Were drugs and other banned substances used? NO! Were drugs recovered from the pub? NO! Was prostitution taking place in the pub? NO! Were all the 200 patrons underage? NO! The answer to all these questions is a big NO. There was nothing illegal happening on the premises. Then why were they taken to the police station is the million dollar
question? Doesn't this detention seem to be a ploy to extort some money from the pockets of everybody and then let them go? Now the police also claim that they were within their rights to detain partygoers at the pub and bring them down to the police station. They also stated that all the two hundred patrons fled from the police station because of two lawyers who were shouting at the police station. Is it really possible that two lawyers could shout and instill so much fear in the police that all two hundred detainees could escape? Which brings us to the question…What were the rest of the police in the police station doing? Were they twiddling their thumbs and letting all of the detainees escape? Couldn't they even have caught even one of them while they were escaping? Or were they aware that they were in the wrong and just letting the detainees go? The police have come up with confusing and divergent explanations. This is essentially a “no incident” case where the patrons should generally be let go after arresting the pub management. But here it has been made out like a case of breach of law and order. This episode is a prime example to show why long opposed police reforms are so desperately needed. If the rights of innocent citizens are impinged upon with impunity by the powers-that-be in the name of social service to the citizens, while murderers and gangsters roam free; it just shows the depravity of the system.
Health Benefits of Drinking Green Tea Green tea is a natural remedy and it is HEALTH NEWS beneficial for pain and other medical problems. The history of green tea can be traced down since ages. People used to have green tea during the ancient times; it is still as valuable and good as in ancient times. Numerous wonders are hidden in this herbal drink. 20 Great Benefits of Drinking Green Tea 1. Treatment of multiple sclerosis. 2. Treatment and prevention of cancer. 3. Helps in stopping Alzheimer's and Parkinson's diseases. 4. It is used in raising metabolism and increasing fat oxidation. 5. Reduces heart diseases and attacks. 6. Reduces the level of cholesterol in blood, improves the ratio of good cholesterol to bad cholesterol. 7. Used in treatment of rheumatoid arthritis and cardiovascular diseases. 8. It is used to treat impaired immune function. 9. Keep your teeth healthy and kills bacteria which causes the dental plaque. 10. Treatment and prevention of skin cancer. 11. Regular consumption of green tea can effectively delay symptoms of aging. 12. The people who take green tea regularly do not fall prey to common viral & bacterial infections easily. 13. Green tea increases stamina and boost endurance. 14. Aiding in proper digestion 15. Green tea increases hydration through the consumption of more water. 16. Effective in the treatment of multiple sclerosis. 17. Reduces and prevents acne. Drink a cup of green tea regularly and you will not have acne problems. 18. Green tea reduces risk of thrombosis, arterial sclerosis, cerebral strokes etc. 19. It reduces the risk of esophageal cancer. 20. Green tea has certain vitamins that prevent abnormal formation of blood clotting in the wounds.
Realisation of Speedy Justice O
ne of the most neglected aspects of criminal justice system is the delay caused in the disposal of the cases and detention of the poor accused pending trial. A few judgements of the Supreme Court delivered in the recent past are eye-opener and may stir the conscience and disturb the equnimity of any socially motivated lawyer, judge or jurist. The fundamental canons of criminal jurisprudence demand that the punishment must follow judgement of guilt and should not proceed it and the accused must be presumed innocent till his guilt proved beyond reasonable doubt. A legal system nourished in the creed of human rights and human dignity, it shall be affront to our sense of justice and democratic way of life if a considerable section of citizens remain deprived of all basic freedoms by long-term incarceration . It is a great paradox that injustice is being administered in the process of justice and human rights are the main casualty. It is undesirable that the criminal prosecution should wait
(The writer is a Post Graduate from Indian Institute of Human Rights, New Delhi.)
till everybody concerned has forgotten all about the crime procrastination of trials may sometimes result in injustice because of an unduly prolonged process. Much of the material evidence may perish as when witnesses die or situations are altered. Vanishing witnesses and fading memories render the onus on the prosecution even more burdensome and make a welter weight task a heavy weight one. The distributive justice demands that the criminal justice should be
swift and sure, that the guilty should be punished while the events are still fresh in the public mind and that the innocent should be absolved as early as is consistent with a fair and impartial trial. A criminal trial which drags on for an unreasonably long time is not a fair trial. Sometimes, the offences with which the accused charged are so trivial that even if proved would not warrant punishment for more than few months, but the accused has to suffer detention because of the protracted nature of the trial. Continuation of such detentions are clearly illegal and are in violation of human rights enshrined in the constitution. With this backdrop in mind an attempt is made to review the human rights to speedy justice in international settings. The constitutional and statutory mandates dealing with speedy justice in criminal proceedings are also examined. It is suggested that incriminal proceedings the State must ensure to the accused the right to speedy justice.
Reengineering – A discerning solution S
urely, if you want to avoid going the kingfisher way. Many it appears are on their way out and cannot expect a bailout, by way of bank loans or overdrafts. All are not fortunate enough to be Vadras or Gadkaris to get interest free and unsecured loans or for that matter large chunk of lease hold lands. The prime cause of the predicament of many large Indian corporates including KF is one of mismanagement, pure and simple. We are a nation which missed the industrial revolution but is today harvesting the fruits of technology evolved over the years in the western countries. Today we need not reinvent the wheel, be it charka or the potter's wheel, we have the flywheel in place. We have been successful to a large extend in mismanaging our resources, land, labour and capital. If we have succeeded in any one enterprise it is without any doubt sycophancy. This sycophancy culture has eroded in to the vitals of our system particularly the management system resulting in the placement of right person on the wrong job or to put it simply a “square peg in a round hole”. If India were to participate in an Olympics for sycophancy, all gold medals undoubtedly would be ours. Salient features Before dwelling up on this, it is worth remembering what Gandhiji said. The means were very dear to him as much as the end itself but not so to the Gandhi's of the present. He said that we have all the means to satisfy our needs but not our greed. We often quote Gandhiji and wear Gandhi cap only to camouflage our intentions. Much before the BJP president Mr. Gadkari hit the headlines, many captains of industry in our country had made name, fame
Adv. Sivasankaran and money by many dubious means. In most of our small and medium companies and establishments you can find a similar pattern in the positioning of top level management team. Brothers and sisters as directors, part time or fulltime, father in law as the chief accountant, brother in law as the purchase manager, mother in law as HRD manager and preferably sister in law as the commerce manager who is also in charge of publicity and media. With the availability of highly educated and qualified man power on the supply side it is possible to employ any one by any one even in R&D activities in our country. It is no more a secret that R &D activities in this country are carried out only to avail tax exemption with not a single molecule ever produced by them. It is also not a secret any more that the public sector undertakings and the Government departments have developed their own modus operandi to accommodate retired bureaucrats as well as the kith and kin of those proximate to the power centers that be. It is also a common knowledge that even diplomats and judges at the verge of retirement are on the lookout for post retirement plum
DISCLAIMER The news published by various authors in this publication are their sole opinion and Editor is in no way accountable and responsible.
assignments. Can anybody evaluate the consequences? Coming back to our topic reengineering, there is an urgent need to subject all Indian companies without exception to reengineering which includes an energy audit and a safety audit to avoid the wanton wastage of precious energy and manpower losses. If we can save half the electrical energy wasted we could well do away with all the nuclear reactors in the power sector for the next 25 years atleast. Our power sector has to be salvaged and insulated from our present Viagra economy which is the result of a long term dosage of aphrodisiac. Aircrafts cannot be run on spirits alone and the passenger thirst cannot be quenched by the kingfisher beer alone, Mr.Mallya must have learnt late. Beautiful, revealing poster girls on calendar are no substitute for efficient management and high levels of talent. However basic compliance with engineering is a precondition for reengineering. To put it simply to be reengineered one should be engineered first and unfortunately most of our industries are not engineered at all and thus left to the whims and fancies of those who profess to manage it. There is ample of scope for reengineering in every sector. Social engineering is already at work and has heralded a transformation unparalleled in history. A nation which compromised on efficiency and merit cannot be expected to face this competitive world squarely and therefore defeat and failure are builtin in our system. India is basically a nation with a spiritual ancestry and the technology adoption by us was the result of the fruits of innovation from industrialized nations making inroads into us. However technology has a number of built in dangers and none of them are fail proof or fool proof. Since we have today a
(Continued on page
November 16-30, 2012
They all aspire to be PM
Aspirants for the Prime minister's post are many and their number is growing. This gives us hope. It is a sure sign that our democracy is vibrant and there is no dearth of talent in the country to take up the most challenging job. Lalu Prasad Yadav is certainly one of them. He himself has declared his ambition while talking to a TV channel. He said, “There are 14 to 15 prime ministerial aspirants and I am one of them”. It was in reply to a question as to who could be a strong contender for PM after the 2014 Lok Sabha elections. The newspapers found his statement as an obvious dig at his comrade-turned-political adversary Nitish Kumar. Lalu took another swipe at Nitish for saying that he would support anybody who would give special category status to Bihar. “If Narendra Modi promises to accord special status to Bihar, will Nitish support him?” he asked. Reacting to Lalu's assertion, JD (U) general secretary Niraj Kumar said, “Laluji should also tell us who will propose his name”. Niraj addd, “If wishes were horses, Lalu could become UN Secretary General.” Lalu Prasad Yadav was chief Minister of his state for several glorious years, though his detractors would blame him for the poverty of the people. Thereafter he was in the Union cabinet and as the Railways minister, he managed to turn around the loss making railways into a profitable one. It should also be noted that during his visit to Pakistan, he won the admiration of the people of that country as no one had done barring Lal Krishna Advani. But there was a difference. On his return to India, Advani was censored by his party for certain comments he made about the founder of Pakistan, while Lalu was lauded for his inimitable comments in the host country. For a person who was the Chief Minister of his State, and then a cabinet minister at the centre, what else is left except
that of the PM's post? The Gujarat chief minister Narendra Modi has emerged as a strong contender for the top job. One can assume that he is the BJP's PM-in- waiting. His administrative ability and vision have brought economic prosperity to the state. The party therefore believes that he would be the best choice to lead the nation. It appears that L.K. Advani is no more in the running. It is understandable that however great a person may be, he cannot get more than two chances in the race for the PM. Bihar chief minister Nitish Kumar has made a categorical statement – clearly made with an eye on the sizeable Muslim electorate-that the JD (U) will back only a candidate with impeccable secular credentials for the prime minister's job. JD (U) to which Nitish Kumar belongs is a constituent of the NDA (National Democratic Alliance) led by the BJP. It may also be noted that RSS chief Mohan Bhagwat has issued a warning to the Gujarat chief minister not to go overboard in self-projection for the PM's post, using the Assembly elections. Shiv Sena chief Bal Thackeray, the BJP's oldest ally has endorsed Sushma Swaraj as the NDA's prime ministerial candidate. Thackeray, in an interview to the Sena mouth piece 'Saamna' said Swaraj was the only leader in the BJP who was deserving and would make a ”great choice” for the prime minister's post. “At present, there is only one person who is intelligent, brilliant.... Sushma Swaraj. I have said this many times. She is deserving, intelligent woman. She would deliver a great performance”, he said when asked who in the BJP could become the PM candidate. Thackeray's comments did not evoke any response from BJP's senior leaders. However, Mukhtar Abbas Naqvi said “The party has many leaders who are competent to become prime minister and are acceptable in the country. A decision on this will be taken by the BJP and its NDA partners at the time of election.” The Congress, mean while, took a swipe at the NDA with spokesperson Manish Tewari saying, “The NDA suffers from a unique malady of anointing prime ministers without waiting for people's verdict. The NDA/BJP should not count their chickens before they hatch. While in 2007, there was one PM-in-waiting, (in the NDA), by 2012, the numbers
(Finding last resting ...... Vayalar Ravi ..... continued from page 1) The funeral centre at Sharjah is coming up at a cost of Emirati Dirham (Dh) six million, of which Dh3 million has been paid from the ICWF to the Indian Association Sharjah, which is executing the project. The work on the project has already begun. The Indian community in the UAE records just over 1,200 deaths annually. But families of the dead find it difficult to bring the body back to India due to legal issues involved and the high cost of air travel. In view of these hassles, the Indian community has been seeking help from the government in New Delhi to prevail upon the
Gulf nations to allow them to hold the funeral in the host nations. The MOIA has also recently given funds for upgrading an existing funeral centre at Abu Dhabi, the second largest city in the UAE. India had in April requested the UAE to provide land for a funeral home for Indians residing in that country when their external affairs ministers met in New Delhi for bilateral talks. The Indian government also plans to make a similar plea to other governments in the Gulf region, where around six million Indian citizens live and work.
are multiplying at rate that defies the logic of calculation.” According to recent news report, another likely contestant for PM is the West Bengal chief m i n i s t e r a n d Tr i n a m o o l Congress chief Mamata Banerjee. The report says that she has skirted questions about her prime ministerial ambitions so far at least in public. The Trinamool Congress mouth piece in its latest issue has published a report on the retirement speech of Calcutta High Court chief justice J.N. Patel at a function organized by Banerjee. It states that, while praising Pranab Mukherjee J.N Patel had said that after a Bengali President, it was time to have a Bengali prime minister as well. While he did not explicitly mention Mamata as the potential PM, the party magazine did not fail to draw the obvious conclusion. Party workers, the report said, were quite enthusiastic that after the next election, their leader would emerge as one of the strongest contenders for the country's top job. Whenever the ruling party was in a crisis and was on the verge of a collapse, there has always been talk of the formation of a third front, a non congress, non BJP coalition. Mulayam Singh Yadav of the Samajwadi party hasn't ruled out the possibility this time too. May be, he is thinking of taking over the top job himself. In the run-up to the 2009 elections, there was a similar talk and Mayawati of the BSP emerged the favourite candidate. There is no reason to believe that she is not in the fray this time. Surprisingly, we do not hear about anyone from the ruling Congress party vying for the PM's post. Of course, the newspapers mention Rahul Gandhi off and on. One report says that a survey conducted in 28 cities across the country, by a Hindi news channel and Nielsen, Narendra Modi has emerged as the favourite ahead of Rahul Gandhi and Nitish Kumar. According to the report,42% of urban India wants Modi as PM , only 29% backs Rahul and Nitish trails at 12%. One wonders why the Hindi channel and Nielsen spent their time and energy on a person whose nomination is uncertain.
NAVI MUMBAI - NEWS Accidents decrease by 48 per cent The awareness campaigns about road safety conducted by the traffic department and various non-governmental organisations seem to have a positive impact on the city residents. The collective efforts have helped reduce the number of road accidents in Navi Mumbai considerably. According to the sources from the Navi Mumbai traffic department, there has been a 48 per cent decline in road accidents as compared to last year. Between January and October this year, 1,061 accidents were reported across the city, and 252 lives were lost. In 2011, 2,041 accidents and 298 deaths were reported during this same period. As far as the road accidents in Navi Mumbai are concerned, three roads, i.e. Palm Beach Road, Sion-Panvel Road and Thane Belapur Road are the worst affected. As per the traffic department's data, there were 39 accidents on Palm Beach Road, 171 accidents on SionPanvel Road and 65 accidents on Thane-Belapur Road between September 2011 and September 2012 and these accidents claimed 71 lives. Between September 2010 and September 2011, there were reports of 77 accidents on Palm Beach Road, 204 on Sion-Panvel Road and 210 on Thane-Belapur Road and around 298 people lost their lives in these mishaps. Deputy Commissioner of Police Vijay Patil says, “The accidentprone Palm Beach Road has witnessed maximum accidents in the last five years. Every month more than 30 per cent of the accidents in the city take place on this stretch. “We are putting speed breakers at the main points of the road, and are conducting regular surveys to understand the problems better. We have also suggested that NMMC install CCTV cameras on the road. They are currently working on the project. We appeal to the residents to follow the traffic rules for their own safety. People driving should also be careful, especially at the junctions where pedestrians usually cross the roads,” he adds Rakesh Srivastav, a resident of Belapur says, “Defunct traffic signals and lack of street lights seem to be one of the major causes of frequent road accidents in Navi Mumbai. There are still no streetlights in many interior areas of Kharghar, Nerul, Taloja and Kalamboli. If the authorities concerned pay proper attention towards this, then the number of road accident will go down further.
Triumph after tragedy for Mumbai bowler Saturday was supposed to be a big day for 22-year-old bowler Javed Khan. He was to be a part of the playing 11 of the Mumbai A team that would take on England. But the dream turned sour a day before he stepped on to the field at the DY Patil Stadium in Navi Mumbai. Javed's father Jayish Khan, a cricket enthusiast and a big supporter of his son's game, passed away, leaving the youngster shocked. However, in order to fulfill his father's dream of seeing him play on the big stage, Javed set out for Navi Mumbai. Hours after his father's demise, the bowler joined the Mumbai A team to prepare for the big day. As Jayish was laid to rest in a cemetery in Mumbra, Javed was bowling to the English batsmen with a heavy heart. The medium pacer got two crucial wickets. His victims were Jonathan Trott and centurion Jonny Bairstow. Trott edged the ball to wicket-keeper Sufiyan Shaikh, while Bairstow gave a catch to Shikhar Dhawan off Khan. Khan finished with figures of 17-1-75-2. Mumbai coach Pradeep Sundaram said, “He put up a brave front. He was positive in spite of the tragedy at home.” In 2006, an 18-year-old Virat Kohli too went through a similar tragedy. He lost his father in the middle of a Ranji Trophy match. Kohli went ahead to save his team from a follow-on. Javed's father always dreamt of his son playing for India one day. “He wanted Javed to play big time cricket. Even when he was supposed to go for surgery, he asked Javed to concentrate on the game. That's why you saw him at the stadium. Playing against a side like England was a big moment for a youngster, and he went with a heavy heart,” said a family friend.
(Reenginnering - A discerning solution ... continued from page 2) selective regime at our disposal it is possible and feasible to relocate and reengineer our existing factories, farms and even families. But alas! Man proposes and god disposes. Our planners have their own compulsions and priorities and they conduct the programs and experiments on behalf of their political masters as if the whole earth is a test tube and the product “in vitro” .They are yet to understand the difference between science and applied technology. The
micro and macro concepts are yet to fertile the imagination of our decision makers. It is an irony that the poor tax payer's money is being spent on repetitive, imitative and cosmetic purposes rather than on innovative and need based applications. A course correction is urgently needed or the trajectory shall remain distorted and a nation derailed. Anybody listening. Satyameva Jayate
November 16-30, 2012
(Boycott easy God / Diamond .... Continued from page 1) tight knit and deceives the public acting like a gold mafia to boost their profits and enrich their own community. With the advent of spectrophotometers in India, jewellers started purchasing these machines. Initially these machines were kept hidden inside the jewellery shops and information about such machines was not told to the public. These jewellers used these machines only to purchase jewellery but they would not use these machines while selling. The jewellery buyer was quite oblivious to the fact that such technology existed. Hallmarked
jewellery was never introduced in India. Hallmarked jewellery is jewellery that is checked on spectrophotometers and hallmarked as pure for the carats mentioned on it. When hallmarking began to be introduced in India, there were some people who became skeptical as to why hallmarked jewellery is being sold in India as it would not be profitable for the jewellers. However it was later found out that our smart cookie Indian jewellers were adulterating gold jewellery with iridium, ruthenium and such other metals that could not be detected on spectrophotometers. This is
owing to the fact that these two metals, from the platinum family, easily resemble gold when mixed with the latter and the testing machines at many of the hall marking centers are still not calibrated to detect them. Comprehensive purity tests will be required to detect the presence of the two metals, which add brilliance to gold ornaments. The Kerala High Court too called for a government vigil on the issue on grounds that both the metals are carcinogenic and hence a health hazard. But none of these jewellers are concerned about the carcinogenic nature of these metals that their customers wear
A jab to give women orgasms LONDON: It's a sexual quest that has frustrated couples for decades, and as a result many people don't even believe that the Spot actually exists. But now help is at hand and the sex lives of couples worldwide could be enhanced dramatically - thanks to a single jab. The revolutionary new G-Shot injection is a surgical procedure,
which claims to improve women's sex lives by pumping filler into her G-spot. The collagen jab temporarily increases the G-spot's size to that of a 10 pence coin. The lunch time procedure involves an injection given under local anesthetic and can be completed in just half an hour. It is certainly proving a hit in Los Angeles where women are rushing to the Vaginal Rejuvena-
tion Institute of America for their fix. Gynaecologist and surgeon Dr David Matlock who works at the clinic even organises monthly sessions where women tempted by the G-shot can come down and discuss the procedure. "I want to empower and educate, and for women to be in tune with themselves," the 'Daily Mail' quoted him as telling Fabulous magazine . "Why is it so difficult to accept? Because it's not something like your nose that you can point to that you can see or feel," he said. More than 2,000 women have undergone the procedure at his clinic since it launched five years ago. And although women have been flying over to the states to experience the latest treatment, it is also increasingly becoming available in the UK.
around their bodies. According to sources this kind of adulteration had been taking place since many years. They also said that huge quantities of gold in India are adulterated with iridium and ruthenium and such other metals but in the absence of proper testing facilities, people are left in the dark. Under these circumstances, when gold prices began to fluctuate wildly, these gold schemers thought of a brilliant idea to put the risk of price fluctuations on the customer. They started the gold scheme which promises to provide the value in gold at the end of the recurring deposit term. These fixed deposit gold schemes are just a tip off. The common man invests money every month for which the jeweller buys gold and at the end of the one year or two year term, the jeweller gives him possibly adulterated gold coins or jewellery, and the depositor is made to pay for making charges, sales taxes, profit margin, etc. and the depositor gets nothing of value for the money he invested. However the jeweller illegally got recurring deposits of the public to roll in his business. Most of the schemes by jewellers let you save whatever amount you want to and they give you gold at the end of the term. So a rise in gold price means you will get less gold or you have to pay more at the end of the term. If you are opting for a saving scheme with the jeweller, you are also obliged to
buy gold jewellery from the jeweller at the prevailing market rate less making charges, taxes, profit etc. According to the Reserve Bank of India (RBI), only banks are allowed to book fixed deposits. So if the jewellers take recurring deposits from the public to buy gold, they have to legally give the exact same 24 carat gold to the depositor without charging for making charges, or taxes or profits; otherwise, it is just a fraudulent fixed deposit scheme. How these jewellers are allowed to subvert the RBI rules remain to be seen. The Government must immediately take steps to stop this blatant defrauding of the public in the name of gold deposit schemes. The jeweller bought 99.99 % pure gold with public money. The public deserves to get pure gold back plus a share of profits. Otherwise, it is nothing but a scam.
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