India ’s Foreign Trade and Investments.

28082014

India’s foreign trade has shown strong signs of recovery during the recent months. July exports growth in consistent with the previous month posted positive growth at 7.3%, however, trade deficit is registered at US$ (-) 12.2 billion as compared with US $ (-) 11.8 billion in June 2014. Trade deficit, though increased for the month of July but cumulative trade deficit from April – July 2014 is registered at US $ 45 billion which is relatively less as compared with US $ 60 billion registered during April-July 2013. The trade balance in services remained in surplus at  US $ 5.7 billion for the month of June 2014.

The FDI equity inflows in the month of June 2014 are estimated at around US$ 1.9 billion as against about US$ 3.6 billion in May 2013, posting a growth (Y-O-Y) of 34%. According to a global deal tracking firm Mergermarket, Mergers and acquisitions (M&As) in India witnessed a significant rise to US $17.1 billion, with a growth (Y-O-Y) of 47% in the first six months of the current year.

According to Economic Survey 2014-15 ‘External Sector’ of India reported positive developments. Agricultural exports from India rose by 5.1% in FY2014 and India ’s service sector is recognized as the second fastest growing services sector in the world with a CAGR of 9%. CAD in proportion to GDP declined from 4.7% of GDP to 1.7% of GDP.  India ’s foreign exchange reserves also posted a rise to US $304.2 billion at end March 2014.

External debt remains within manageable limits due to prudential external debt management policy. In contrast to these developments, Capital flows registered a sharp decline to US $ 47.9 billion in FY2014. Rupee was also depreciated significantly from Rs. 47.92 per US dollar in FY2012 to Rs. 60.50 per US dollar in FY 2013-14. While, overall BOP position recorded a significant improvement on account of measures taken by the Government and the RBI.

Budget 2014-15 announcement pertaining to India ’s External Sector are also positive and optimistic. Composite cap of FDI to be raised to 49% is announced to promote FDi in several sectors. SEZ will also be given special focus for their revival and strengthening. Basic Custom Duty of several items is reduced significantly inclusive of LED TV Panels, steel products etc.

With respect to WTO developments, WTO has raised questions over India ’s move to subside exports of sugar. While, WTO dispute panel report finds US CVD on India ’s steel products exports inconsistent with WTO law on subsidies. The most significant development at the global trade system was the holding of Trade Facilitation Pact by India , until a permanent solution on public stockholding for food security is found.

A historic signing by BRICS economies was done for establishing the New Development Bank (NDB) in Fortaleza , Brazil . The primary purpose of the bank is to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging and developing economies. The Bank shall have an initial authorized capital of US$ 100 billion.

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Zee TV’ Neelee Chatriwala : Tune into your Inner Voice …

28082014

Tune into your Inner VoiceZee TV’s light-hearted, slice-of-life drama explores
man’s journey of self-discovery through conversations with God

We have all wondered at one point or another what would happen if we meet God on earth? What if He has no miracles in store for you? What if He has more questions that make you introspect and listen to your own inner voice … How will your life change? These are just some of the questions faced by Bhagwan Das, the protagonist of Zee TV’s next weekend fiction show ‘Neeli Chhatri Wale Powered by Vinod Intelligent Cookware’ who has the privilege of meeting and befriending God.

Produced by Ashwini Dhir, the director of successful comedy films such as Son of Sardar & Atithi Tum Kab Jaaoge,Neeli Chhatri Wale follows the life of Bhagwan Das, the quintessential common man based out of Kanpur, constantly torn between his personal and professional life. Forever bullied either by his wife and father at home or his boss in the office, Bhagwan Das is always at the receiving end of flak. His kids are ashamed that he works as a salesman at ‘Titu Underwear and Baniyan’ and his wife constantly compares him to their neighbor who is better off in life. And then one day out of the blue, a handsome young man toting a blue umbrella emerges in front of him … a man only he can see … a man who embodies God! ‘Neeli Chhatri Wale’ is a light-hearted, slice-of-life drama highlighting Bhagwan Das and his relationship withShivaye – not as the hallowed, much revered divine avatar but as a smart, contemporary youth – conversing with whom puts Bhagwan Das in touch with his inner voice!

Noted for his critically acclaimed performances and serious roles across Hindi mainstream films, Yashpal Sharma will be seen playing Bhagwan Das in ‘Neeli Chhatri Wale’.  This will be a complete departure from his usual, dark brooding image and he will be seen as the much harried and hassled Bhagwan Das. Playing Shivaye is the strikingly handsome Himanshu Soni, noted for his impressive portrayal of the title role in Zee TV’s historical show ‘Buddha’. A friend philosopher and guide to Bhagwan Das, Himanshu will be seen essaying God like He’s never been presented before. Adding some spice and drama to Bhagwan Das’s life will be his nagging wife Bobby played by the famous Gujarati theatre actor Disha Savla, his Bauji played by veteran actorMithilesh Chaturvedi and his corrupt brother-in-law Govardhan Das played by Anoop Sharma.

Namit Sharma, Programming Head – Zee TV says, “After two successful fiction launches – Kumkum Bhagya and Jamai Raja this year, we now bring our viewers a weekend fiction property that delves into a subject so universal that it’s bound to appeal to viewers, cutting across all demographics. Neeli Chatri Waale is Zee TV’s initiative towards creating a differentiated weekend slot with original programming for the entire family. The show will be the first amongst several launches that will be a part of a special weekend ‘family unifier’ strategy.  Neeli Chhatri wale explores what happens when its protagonist meets and befriends God – it captures his journey of tuning into his own inner voice through conversations with God. Instead of giving him answers or delivering miraculous solutions, God throws questions at him, making him introspect and view life like he’s never seen before. We hope to take our viewers on a fascinating journey of self-discovery with this show!”

Producer Ashwini Dhir said, “The proposition of meeting God has always excited man. While most look at it as an opportunity for wish fulfillment, our show highlights how a relationship with God isn’t just about that … That God isn’t here to merely deliver miracles, but to question the way you think and get you to do some soul-searching. The conversations our protagonist has with this modern embodiment of God puts him in touch with his inner voice. We’ve got some interesting characters at the heart of our story … people that viewers can easily identify and relate with. Moreover, the tonality is light-hearted and entertaining.”

Neeli Chhatri Wale is being aggressively promoted by Zee TV using a media mix of print, radio and a comprehensive television plan, comprising a bouquet of channels spread across genres. A three phase digital campaign has been planned to engage with digital audiences. The first part of the digital campaign started with the introduction of #MyInnerVoice, sparking off conversations in the digital space about the moment when people felt most tuned into their inner voices. The entire promotional campaign for the show will aim at making God accessible to one and all by spreading the message of ‘Listen to your #InnerVoice.’

Starting 30^th August, catch Bhagwan Das on a journey of listening to his inner voice through conversations with God every Saturday and Sunday at 8 PM, only on Zee TV.

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Categories : Entertainment, TV Serial

PRESS INVITE AUGUST 28 12 NOON

28082014

PRESS INVITE AUGUST 28 12 NOON

From: shabnam hashmi <shabnamhashmi@gmail.com> Wed, 27 Aug ’14 7:03p

To: shabnam hashmi <shabnamhashmi@gmail.com>

Show full Headers

PRESS INVITE

August 27, 2014

Dear Sir/ Madam,

ANHAD is organizing a press conference tomorrow on August 28, 2014 at 12 noon at IWPC, 5, Windsor Place, New Delhi.

We are quite alarmed at the way the right wing is using ‘Love Jihad’ to polarize people and spread hatred between communities.

The term ‘Love Jihad’ is being used as a dangerous weapon. Messages on whatsApp and face book are flying and relating the phenomenon as an international conspiracy of the Muslims. Communal politics, communal violence all over uses women’s bodies as the site of contestation and community honour. Women’s sexuality is sought to be controlled as they are seen as the repository of culture, values, faith and honour.

Such campaigns against inter-religion, inter-caste marriages are not only against the spirit of a diverse and plural society they also aim to control women’s sexuality and polarise the society along communal lines for electoral and political purposes.

The speakers at the press conference will speak about different aspects of “RIGHT TO CHOOSE AND POLITICS OF ‘LOVE JEHAD”.

Speakers include: Vrinda Grover, Jagmati Sangwan (AIDWA), Annie Raja(NFIW), Manisha Bhalla( researcher) & Teesta Setalvad( social activist).

Kindly depute a reporter and a photographer to cover the press Conference.

Yours sincerely

Bhavna Sharma

8860125558

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PGTI Feeder Tour, Faridabad: Dinesh Kumar sets the pace

28082014

Dinesh Kumar sets the pace in round one, makes two eagles in opening round of 71

Faridabad, August 27, 2014: Dinesh Kumar of Delhi shot a one-under-71 to take the round one lead in the PGTI Feeder Tour event being played at the Aravalli Golf Club in Faridabad, Haryana. Delhi’s Aditya Raj Kumar Chauhan, Karan Vasudeva, Ajay Baisoya and Gurgaon-based Deepinder Singh Kullar were one shot behind the leader in joint second place.

The highlight of Dinesh’s round were his two eagles on the third and 16^th. Kumar landed it within a few inches for a tap-in eagle on the third and chipped-in for eagle on the 16^th. He also had four birdies on his card including a conversion from 20 feet on the 18^th. However, the 50-year-old seasoned pro, dropped seven strokes as a result of five bogeys and a double-bogey on the 14^th.

“My driving and putting was top-class. I hit it well and made some long putts. The two eagles really boosted my morale. It’s a great start to the tournament. I just want to continue playing in the same manner,” said Dinesh.

Aditya Raj Kumar Chauhan, Deepinder Singh Kullar, karan Vasudeva and Ajay Baisoya shot matching scores of 72 to be tied second.

Local lad Ramesh Kumar was in joint sixth place at two-over-74 along with Noida’s Gaurav Pratap Singh and nine other golfers.

FM Launches New Website of PFRDA

27082014

Releases Its First Annual Report; Says the Pension Reforms will Help in Releasing Resources for Better Deployment and Utilisation in other SOCIAL SECTORS
The Union Finance Minister Shri Arun Jaitley said that to build a consensus on issues such as pension across the political spectrum is not easy. He said that the Pension Fund Regulatory and Development Authority (PFRDA) legislation has however gone through a process of guided development and adequate sensitisation. He highlighted the important aspects and implications of pension reforms, a key area of financial sector and economic reforms in the country. He said that an amendment to the Insurance Act to enhance the limit of FDI to 49% will also mean similar provision for the pension sector. The increase in the FDI limit to 49%, will permit inflow of foreign capital, investment expertise and new technology.

The Finance Minister Shri Jaitley was speaking after launching a new user friendly and informative website of PFRDA at First Pension Conclave held here today. The Finance Minister also on this occasion released the First Annual Report of PFRDA for 2013-14 post notification of the PFRDA Act. Releasing the Report, the Finance Minister hoped that the Regulatory Authority would provide a conducive and enabling environment for expansion in pension industry with larger number of players.

The Union Finance Minister Shri Arun Jaitley said that considering that pension pay-outs, particularly unfunded and uncertain are to be borne by the Public exchequer, the pension reforms will mitigate this burden releasing resources for better deployment and utilisation in other social sectors. He highlighted the need to build up corpus of funded resources to eventually act as the source for pension pay outs in future, and also as a source for financing critical sectors as infrastructure and also capital market.

Highlighting the importance of NPS Swavalamban scheme for the unorganised sector people, the Union Finance Minister Shri Arun Jaitley said that this segment requires special support and he urged PFRDA to promote this scheme vigorously across the country. Expressing confidence about the role of PFRDA in promoting Swavalamban Scheme, he expressed that the scheme signifies an element of self-pride through participation of the less fortunate and excluded segments. The Finance Minister expressed confidence that the regulatory authority will formulate regulations for sound and sustainable growth of the pension system with due regard to the interest of the subscribers including setting-up an efficient and responsive grievance redressal mechanism, He exhorted the industry to come up with more and more new products which could compete with each other with benefit accruing to the pension subscribers.

Join me in demanding a change - Daler Mehndi

Join me in demanding a change – Daler Mehndi

27082014

Daler Mehndi

To Me

Aug 26 at 8:30 PM

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Turbans are Dangerous? 2 Indian basketball players were asked to remove their turbans before an international game. Ask FIBA to change its rule on headgear. This is a ridiculous international basketball rule. Join me in demanding a change. We have 1 day before FIBA meets to decide this.  More people means more pressure on FIBA. Sign this petition and forward it to your friends as well. Sign the Petition Here Share Tweet +1 Share Forward

Honda launches unique ‘Mobile Service Van’ initiative

26082014

Honda launches unique ‘Mobile Service Van’ initiative           

to tap rural customers further to its last touch-point

·       The all new Mobile Service Van (MSV) takes Honda to rural customer doorsteps

·       Honda’s mobile 3S set-up is equipped with Sales-Service-Spares facility

·       Next step under Hub & Spoke model to expand Honda’s Brand footprint in remote areas

New Delhi, August 26, 2014: Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the only Honda in Indian two-wheeler industry, today took its next step in rural ladder.

Entering the new and empowered Era in India, Honda has developed its Wave 2.0 strategy blue-print which encapsulates how Honda wings aims to realize its potential in hinterlands and achieve its goal of increased market penetration.

It is in this context that Mr. Keita Muramatsu (CEO & President, Honda Motorcycle & Scooter India Pvt. Ltd.) and Mr. Prabhu Nagraj (Vice president, Customer Service, Honda Motorcycle & Scooter India Pvt. Ltd.) today launched its next rural outreach initiative – Mobile Service Van(MSV).

As opposed to a traditional service van, Honda’s Mobile Service Van is unique as it combines a dealership & service outlet in a truly mobile format – a boon for reaching out to prospective and existing customers in rural areas at very effective cost.

Within the Mobile Service Van there is ample space for a display two-wheeler, seating arrangement for customers, LED display for better visual understanding of Honda’s two-wheeler, provision for test rides and public address system to create customer awareness via regular announcements. The two service bays translate to quality service and genuine spare parts closer to customer. Additionally, the mobile service van is a crucial platform through which Honda will train local service technicians at every hamlet.

Honda aims to expand the concept to 11 mobile service vans by the year end. 

Announcing the Honda’s Mobile Service Van solution Mr. Keita Muramatsu, CEO & President, Honda Motorcycle & Scooter India Pvt. Ltd., said, “As the only Honda, we are expanding our network into hinterlands. In fact 70 per cent of the approximately 1,000 touch-points that we aim to add this year will be in rural areas. The new Mobile Service Van (MSV) is designed to take Honda one step ahead of even where the reach of its last touch-point ends.

As part of its go-rural approach, Honda has already stepped on the gas. On the product front, Dream series of affordable motorcycles has expanded to include CD 110 Dream, Dream Neo and Dream Yuga. Reaching closer to its customers, Honda plans to take its sales and service network to 3800 by the year end. Parallely, a new rural vertical has been internally created in early 2014 wherein close to 15 people and foot soldiers are closely overseeing Honda’s rural strategy, communication and implementation.

________________________________

For further information, please contact:

Public Relations Department

Honda Motorcycle & Scooter India Pvt. Ltd

public.relations@honda2wheelersindia.com

Competition Commission of India Imposes Penalty of Rs. 2544.64 crores on 14 Car Companies

26082014

The Competition Commission of India(‘the Commission’) has found14 Car Companies to bein contravention of the provisions of the Competition Act, 2002 (‘the Act’). The informant, Shri Shamsher Kataria, had approached the Commission alleging anti-competitive conduct by 3 Car Companies in not allowing the spare parts and after sale services market to grow to the detriment of consumers and independent repairers. In view of prevalence of anti-competitive issues throughout the automobile industry, the Commission directed the Director General(DG) to include other car companies also under the scanner of its investigation.

Ensuing detailed investigation, the Commission found that the conduct of the Car Companies was in violation of the provisions of section 3(4) of the Act with respect to its agreements with local Original Equipment Suppliers (OESs) and agreements with authorized dealers whereby it imposed absolute restrictive covenants and completely foreclosed the aftermarket for supply of spare parts and other diagnostic tools. Further the Commission found that the said companies, who were found to be dominance in the aftermarkets for their respective brands, abused their dominant position under section 4 of the Act and affected around 2 crore car consumers. The 14 car companies were found to be indulging in practices resulting in denial of market access to independent repairersas the latter were not provided access to branded spare parts and diagnostic tools which hampered their ability to provide services in the aftermarket for repair and maintenance of cars. Having a monopolistic control over the spare parts and diagnostic tools of their respective brands, the car companies charged arbitrary and high prices for their spare parts. The car companies were also found to be using their dominant position in the market for spare parts and diagnostic tools to protect their market for repair services, thereby distorting fair competition.

The Commission has prescribed corrective measures to make the automobile market more competitive and to put an end to the present anti-competitive conduct of the car companies. While deciding the case, the Commission was guided by two prime motivations i.e. (i) to enable the consumers to have access to spare parts and to have freedom of choicebetween independent repairers and authorized dealers and (ii) to enable the independent repairers to participate in the aftermarket and provide services in a competitive manner.

Accordingly, Commission, under Section 27 of the Act, directed the car companies to cease and desist from indulging in conduct which has been found to be in contravention of the provisions of the Act. The car companies were also directed to adopt appropriate policies which shall allow them to put in place an effective system to make the spare parts and diagnostic tools easily available in the open market to customers and independent repairers. Further, the Commission directed the car companies not to put any restrictions or impediments on the operation of independent repairers/garages. Other behavioural remedies to ensure a competitive market conditions were also prescribed by the Act.

Commission also imposed a penalty calculated at the rate of 2% of the average turnover of the 14 Car companies amounting to Rs. 2544.64 crores in aggregate. The penalty is to be deposited within 60 days of receipt of the order.

Detailed order can be seen at commission’s website http://www.cci.gov.in

 Coal blocks allocation case exposes all govts since 1993 onwards

From: AAP MEDIA CELL <aapmediacell8@gmail.com> Mon, 25 Aug '14 5:40p

To: undisclosed-recipients:;

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                                              Monday, August 25

The Aam Aadmi Party welcomes the Supreme Court decision declaring the allocation of 218 coal blocks allocated by successive governments between 1993 and 2010 as illegal, arbitrary and non-transparent.

The Supreme Court’s view will go a long way in protecting the natural resources of the country which have been mercilessly plundered by different political parties in power at the Centre, with the sole motive of allowing corporate houses to make huge financial gains at the cost of the country.

It may be recalled that when Arvind Kejriwal and his colleagues had undertaken an indefinite fast in July 2012, demanding a CBI probe against corrupt UPA ministers, one of their key demands was cancellation of these coal blocks.

The then UPA government and many other parties, including the BJP had ridiculed the demand of Kejriwal and his colleagues at that time. The AAP would like to ask these parties, what they have to say now.

The AAP will now wait for the final verdict of the Supreme Court on September 1, but it is very clear that all allocations made during the 17 year period mentioned above are now clearly illegal and have no legal effect any longer.

The only question that the country’s top court has left open to be decided now is what would happen in those few cases where the state governments have signed mining leases and people are actually mining.

Without exception, all governments since 1993 beginning with the late PV Narasimha Rao’s regime till the Manmohan Singh government, including the Atal Behari Vajpayee government, have been held responsible of having allocated coal blocks through the unfair route of screening committees.  

The AAP demands that the BJP’s central government should immediately cancel all these allocations without waiting any further, since the Supreme Court direction is absolutely clear in this regard.

Regards.

AAP Media cell

Is Modi image has taken retreat

25082014

1. ANI ‏@ANI_news 

   Bihar bypolls results not as we had expected it to be,as state leaders we take responsibility : Shahnawaz Hussain,BJP pic.twitter.com/c3F6YJ8Ygi

   

    Is Modi image has taken retreat or the Modi sarker has not been able to perform according to expectations of people who has shown excellent  liking for the Modi eloquence and his promises. with the results of assembly bye election in five states prove the point. Congress and its allies UPA II proved that they cared for themselves and NDA leader Modi on spring board assured pan India would work for the masses but in 100 days his methodlogy and his wheel of development moved in snail pace and thus these results in backdrop exhibits that people are in no mood to give NDA full marks.

   Hope these bye election  be an eye opener for the new PM who comes from humble background and prove his metal by giving momentum to the nation by his professional wisdom to make people belief that there is real force who can navigate the nation in hours of need to better heights. Modi who has taken enough time to make his plan but remember ” people don’t plan to fail they just fail to plan “his movements with the executives who are  not professional and are responsible for development not reaching the last mile because of their inherent nature of taking masses as common people who deserve  nothing. The two PM  Mr Rajiv Gandhi and Mr MM Singh has admitted their failure, will Modi, “‘ the hopes of billion” would also lay lame excuses .

   Modi not meeting people or holding darbar is another weakness for the Prime Minister Modi who shall remain cut off from the ordinary people and their aspirations the party or RSS would not be able to read pulse of the people but would shed their sermons.

   Most of political analyst believe that this is the time of professional to enter into governance and the developed countries have shown exemplary advancements by employing, adding the professional in all around governance of the states or in center.

   This is high time that professional who have been outclassed from governance from last two decades are given the right opportunity to step in for the development of this great nation.

Quake of M7.0 CENTRAL PERU

25082014

Quake of (M7.0) CENTRAL PERU -14.6 -73.6 (3fa06)

USGS ENS

To Nksagar_1@yahoo.com

Today at 5:24 AM

Quake of M7.0 – CENTRAL PERU

Preliminary Earthquake Report

Magnitude	7.0
Date-Time	24 Aug 2014 23:21:41 UTC 24 Aug 2014 18:21:42 near epicenter 25 Aug 2014 03:21:41 standard time in your timezone
Location	14.622S 73.566W
Depth	58 km
Distances	42 km (26 mi) ENE of Tambo, Peru 61 km (37 mi) E of Puquio, Peru 108 km (66 mi) S of Andahuaylas, Peru 131 km (81 mi) SW of Abancay, Peru 471 km (292 mi) SE of Lima, Peru

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Categories : Environment

Arvind Kejriwal’s Corrupted Looters SWARAJ Fooling People

25082014

Ravinder Singh

Topresidentofindia@rb.nic.inmanmohan@sansad.nic.inspeakerloksabha@sansad.nic.in and 35 More…

Today at 3:14 AM

Arvind Kejriwal’s Corrupted Looters SWARAJ Fooling People
August25, 2014 (C) Ravinder Singh ravinderinvent@gmail.com

I opposed Arvind Kejriwal on ECONOMIC issues who is 30 years junior to
me in Public Service or activism. Instinctively I knew he lacks Vision
& Statesmanship to lead even state or district level politics. Media
inflated his Image say 100 fold than he deserves.

He authored ‘Swaraj’ its Introduction is clipped here. It is Full of
Horrible Ideas that are Most Lunatic and anti people and then there
are Obvious Bias In Favor Traders & Moneylenders and against Labor and
Workers.

Key Issues of ‘Tax Evasion’, ‘Black Money’, ‘Hoarding’, ‘Wages‘,
Credit to Farmers & MSMEs’, ‘Illegal Middlemen & Traders’ are Excluded
from Swaraj of Kejriwal.

In chapter on Natural Resources P-32: – Land, Water, Mines,
Agriculture, Land Use is proposed to be Fully Controlled by Gram
Panchayat. Price of land is to be determined by Gram Sabha not the
owners of the land. Even for setting up of Industry it is not the
Owner of the Land who shall have Automatic Right to Land Use Change
but SWARAJ of Arvind Kejriwal doesn’t envisage Engineers, MBAs, Public
Servants on Retirement eligible to set up their own industries –
particularly food Industry.

‘Gram Sabha must have direct control over the land that falls
in their area, Including Water, Land Use etc’

On Money Lending ARVIND KEJRIWAL doesn’t want to ABOLISH it and
instead of Interest Rate of 50% in 4 months or 237.5% annualized
charge Favor charging 95% or 25% in 4 months. Bank Deposits Exceed
Rs.80,00,000 Crores Presently.

P-29: In many villages of a block near Pune a successful experiment is
in progress. Earlier between June and September people used to face
severe financial crises. During this period people used to run towards
cities for employment or take loan from the money lender at exorbitant
rates of 100-150%. If villagers took 100 kg of grain then to the money
lenders they used to give back 150 kg. after four months. In spite of
such a high rates of interest that was paid by the villagers they were
still under the clutches of these loan sharks who would make these
borrowers work for free in the fields of lender. This had adverse
effect on the borrowers who used to get into a vicious cycle. For 100
kg grain that they bought, they paid back 150 kg., which is fifty
percent higher. In other words they were unable to pay back this loan
and went back to the same money lender again and again.

But in this block an organization started a Grain Bank. The people
created an association and this association loaned grain to the
members of the society according to the need of the members. Instead
of returning 150 Kg. grain, now they had to return only 125 kg. grain
only. In four years time the farmers have been able to repay the
entire loan amount to this association. There is no fear of the money
lender, no working free for him and freedom from the loan. Now, the
villagers have surplus grain that is being stored by the association.
This experiment is running successfully in about 150 villages in the
neighborhood.

What kind of Swaraj AAP professes when most of people -
1.]  Don’t have Control over Black Money Generators – MONEYLENDERS,
TRADERS and Hoarders.

2.]  Don’t Get Reasonable Minimum Wages Linked to GDP. In USA minimum
hourly wage is $8 that translates to 40% of Per Capita GDP.

3.]  Don’t have access to Water, Bank Loans, Power, Education, Sewage,
Roads, Healthcare.

4.]  Government doesn’t Collect Taxes to provide Basic Necessities.

5.]  Farmers are not Permitted to Store Process and Market their produce.

6.]  GOI doesn’t protect Intellectual Property of Indians like PATENTS.

Ravinder Singh, National General Secretary.
Sabka Bharat Mission 2019
Y-77, Hauz Khas, New Delhi -110016
Ph: 9650421857, 9718280435
Sabkabharatmission2019@gmail.com

RBI says 36% of total bad loans from six key sectors

24082014

The Reserve Bank has said about 36 per cent of the overall 4.1 per cent bad assets in system have been created by six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining which have only 30 per cent of the credit share. The central bank, in its annual report for FY2013-14, said the gross non-performing assets ratio for the non-priority sector grew to 4 per cent as of March 2014 as against 3 per cent in the year ago period, while the same for priority sector stood stable at 4.4 per cent. It also said the contribution of mandatory priority sector loans to the overall bad assets have come down during the last fiscal.

The RBI said that the non-priority sector has contributed more in the deterioration of the loan asset quality of the banking sector in recent years. It further added that the contribution of Priority Sector Lending (PSL) loans to the overall bad loans narrowed to 36 per cent as of FY’14 from 40 per cent in FY’13. Commenting on the health of the sector, the RBI said it remains satisfactory.

On reports of some improvement shown by the banks in th

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Categories : Business

Hamas executes four Israeli spies in Gaza

24082014

Posted on August 24, 2014 by sagarmedia

Standard

Hamas, which controls the Gaza Strip, killed four more Palestinians suspected of spying for Israel. Masked Hamas militants shot the Palestinians in the courtyard of a mosque in the Jabaliya refugee camp. Hamas-affiliated Al-Majd website quoted security sources as saying that the four were executed after legal measures were completed. The Islamist faction declined to release the names or pictures of the executed for the sake of social stability, fearing backlash against their families. The total number of Palestinian suspects killed has risen to 25; 18 of whom were executed on Friday and three on Thursday.

Earlier, the Palestinian Authority, which controls the West Bank, denounced the executions of alleged collaborators, calling them extra-judicial. Amnesty International called on Hamas to halt the campaign of summary executions of suspected collaborators.

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Categories : Business, Uncategorized

Vinod Rai: UPA pressured me to drop names from CWG, coal reports:

24082014

Former Comptroller and Auditor General Vinod Rai has put Congress in an embarassing situation with his revelations that the UPA government had pressurized him to drop names of some persons in reports on Commonwealth Games and Coal scams. Rai in his upcoming book has also accused former Prime Minister Manmohan Singh of running away from his responsibilities. In a newspaper article about the book, Rai has been quoted as saying that politicians came to his house and told him not to name some people and protect others in connection with the CWG and coal allocation reports.

Reacting to Rai revelations, Congress leader Manish Tewari questioned the timing of such disclosures saying Rai should have spoken while in office. Speaking to reporters in New Delhi today, Tewari said the allegations are an attempt by Rai to sell his book.

BJP Secretary Shrikant Sharma said Rai’s allegations are another chapter of Congress’ corrupt history. Talking to AIR, he said rather than criticizing the former Comptroller and Auditor General, Congress should tell whose names it wanted to be deleted from CAG reports.

CPI leader Atul Anjan dubbed Vinod Rai’s revelations as serious and astonishing. Speaking to AIR, he demanded that the government seek details from Rai and initiate legal action against those who pressured him.