Troubled Galaxy Destroyed Dreams, Chapter 240
Palash Biswas
News results for Life after AILA in Kolkata
After Aila, life limps to normal - 7 hours ago The day remained calm and life limped back to normal, in contrast to the furious ... After Aila moved away from Kolkata, there was a lull as the wind had ...Times of India - 1411 related articles »
Dazed by Aila, Kolkata still reels on rubble - Indian Express - 8 related articles »After Aila, life limps to normal - Kolkata - Cities - The Times of ...
Regional Meteorological Centre, Kolkata, weather director G C Debnath said a sunny, clear sky was normal after a cyclone. After Aila moved away from Kolkata ...
timesofindia.indiatimes.com/Kolkata-/After-Aila-life-limps-to-normal/articleshow/4581839.cms - 7 hours ago - Similar pages -Aila batters Darjeeling hills - Kolkata - Cities - The Times of India
DARJEELING: A day after turning south Bengal into a lump of twisted mass, ... 'A 30-ft wall of water rushed towards us' · After Aila, life limps to normal ...
timesofindia.indiatimes.com/Aila-batters-Darjeeling-hills/articleshow/4581847.cms - 9 hours ago - Similar pages -
More results from timesofindia.indiatimes.com »Cyclone Aila Misses Kolkata - Hits Coastal Orissa and West Bengal ...
25 May 2009 ... Update 9:53 IST 26th May 2009 The Day After. Kolkata was saved the fury of Aila though the tail of the cyclone did hit the city, ...
www.nowpublic.com/world/cyclone-aila-misses-kolkata-hits-coastal-orissa-and-west-bengal - 48k - Cached - Similar pages -The Telegraph - Calcutta (Kolkata) | Frontpage | WHOOSH! calcutta ...
26 May 2009 ... Calcutta has been declared safe after Severe Cyclone Aila ... apart many other everyday symbols of life that Calcuttans had found no reason ...
www.telegraphindia.com/1090526/jsp/frontpage/story_11021195.jsp - 35k - Cached - Similar pages -Dazed by Aila, Kolkata still reels on rubble - Express India
27 May 2009 ... kolkata A day after Monday's rain fury triggered by cyclone Aila, life in Kolkata is slowly limping back to normal. ...
www.expressindia.com/latest-news/dazed-by-aila-kolkata-still-reels-on-rubble/466561/ - 10 hours ago - Similar pages -Kolkata spared worst of Aila, early monsoons set in WB
26 May 2009 ... Watch: Life comes to a standstill as Aila hits Bengal · Video ... Kolkata: West Bengal is struggling to get back on its feet after Cyclone ...
ibnlive.in.com/news/kolkata-spared-worst-of-aila-early-monsoons-set-in-wb/93409-3.html - Similar pages -After Aila, next cyclone to hit Asia will be called Phyan
Shutdown over professor's killing cripples life in Manipur ... May 25th, 2009 KOLKATA - Cyclone Aila pummelled coastal West Bengal as well as state capital ...
blog.taragana.com/n/after-aila-next-cyclone-to-hit-asia-will-be-called-phyan-66069/ - 21 hours ago - Similar pages -Cyclone Aila' claims 35 lives in West Bengal, Kolkata limps back ...
26 May 2009 ... Cyclone Aila' claims 35 lives in West Bengal, Kolkata limps back to normal ... Tyson's daughter on life support after found hanging ...
www.sindhtoday.net/news/1/14035.htm - Similar pages -Kolkata cyclone: cyclone aila, kolkata weather forecast, kolkata ...
kolkata cyclone Newskolkata weather, cyclone aila, kolkata weather forecast, kolkata storm ... against a strong wind and rain in Kolkata after the cyclone hit the state. lakh people besides paralysing normal life and disrupting flights. ...
ready2beat.com/educational/kolkata-cyclone-cyclone-aila-kolkata-weather-forecast-kolkata-storm - 23k - Cached - Similar pages -Experience of Cyclone AILA in Kolkata city « Azad Hind
27 May 2009 ... These guys only know one slogan, "plant trees, save life, save environment". ... Marching orders were given only after the storm passed. ... Tagged: aila in kolkata, cyclone, cyclone aila, cyclone aila hit kolkata, ...
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Results 1 - 10 of about 659 for Mangrove Sundarvan. (0.14 seconds)
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Sundarvan pictures from scenery & nature photos on webshots
Sundarvan pictures published by buddhadebghosh. ... mangrove park at sudhanyakhali. last edit: Tue Apr 18 04:23:16 PDT 2006; comments: 0 ...
outdoors.webshots.com/album/549605752aAxTbz - 60k - Cached - Similar pages -Sundarvan in West Bengal Visit
15 Apr 2009 ... Sundervan is situated on the lower end of the Gangetic West Bengal, 22.00° N – 89.00° E, is this world's largest delta covered by mangrove ...
www.indiastudychannel.com/resources/58210-Sundarvan-West-Bengal.aspx - 29k - Cached - Similar pages -Bali Island Resort,Sunderbans Bali Island Resort,Bali Island ...
Sunderbans, world's largest delta coveredby mangrove forest and vast saline ... The only mangrove tiger land of India where 70% is under saline water makes ...
www.wildindiaguide.com/wildlife-resorts-india/bali-island-resort-sunderbans.html - 32k - Cached - Similar pages -The Betrayals | Palash Speaks
I also protested the movement purely on ecological ground as I believed that the Mangrove forest Sundar Van must be protected and Marichjhapi won`t solve ...
blogs.ibibo.com/Baesekolkata/the-betrayals - 131k - Cached - Similar pages -Sunderban National Park,Sunderbans Wildlife Park Tour,Sundervan ...
... sunderbans wildlife park tour, sundervan wildlife tour, travel sunderban ... The vast swampy delta extends over areas comprising of mangrove forests, ...
www.indiaholidays.indianconsultancy.com/wildlife-popular-parks/sunderbans-national-park.html - 32k - Cached - Similar pages -Excursion Aroud Sunderban National Park,Tour Packages India ...
... Sundervan, Sunder Ban Wildlife, Wildlife of Sunderban wildlife tours in ... The beauty of the mangrove forests and the presence of a large variety of ...
www.indianwildlife.org/the-national-parks-and-wildlife-sanctuaries-of.../Excursions-Around-Sundarban-National-Park.html - 19k - Cached - Similar pages -The Hindu Business Line Durga puja celebrations
We had the indigenous people from Sundarvan area of Khulna and Satkheera. ..... Sundarbans—the world's largest mangrove forest and home of the Bengal tiger. ...
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26 Aug 2008 ... On the mud banks, the mudskippers among the mangroves took me back to ... Vijayraj said yes, and the next year Sundarvan was started. ...
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from Sundarvan area of Khulna and Satkheera. They worshipped the forces of Nature. ..... lies the Sundarbans—the world's largest mangrove forest and home of ...
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Chapter 145-212
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Sundarvan, a Nature Discovery Centre directory, "Status Report of EE in India" was .... forest area, mangroves and wetlands. ...
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Results 1 - 10 of about 785,000 for South Bengal delta. (0.38 seconds)
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BANGLAPEDIA: Bengal Delta
The main progradation of the delta is continuing to the south into the Bay of Bengal. The western inactive delta lies between the latitudes of 21°15´N and ...
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Dwellers of the Bengal delta are now facing a serious problem of ...
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Ganges delta development during the Quaternary in the Bengal Basin and it relation to ... New dates of Pleistocene subcrop samples from South Bengal, India. ...
www.physics.harvard.edu/~wilson/arsenic/remediation/Reports/GEOSAS.doc - Similar pages -
by MN Uddin - Cited by 2 - Related articles - All 3 versions Geology: Large sedimentation rate in the Bengal Delta ...
siding Bengal Delta (Morgan and McIntire, ... southward-dipping sequences south of the east- .... into the delta plain, and active sedimentation took ...
geology.geoscienceworld.org/cgi/reprint/26/6/487.pdf - Similar pages -
by HU Worm - 1998 - Cited by 6 - Related articles - All 5 versions- [PDF]
Railways and the water regime of the Eastern Bengal Delta, c. 1905 ...
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Bengal Delta, a veritable home of a great fluvial regime, .... the beel filled from the north-west and south-west, the feeding was intersected by the ...
www.sasnet.lu.se/EASASpapers/13IftekharIqbal.pdf - Similar pages - Applied Geochemistry : Groundwater As mobilization in the Bengal ...
In West Bengal, almost the entire Gangetic delta, barring only a few pockets in South 24 Parganas district (a part of the lower Gangetic delta), ...
linkinghub.elsevier.com/retrieve/pii/S0883292703000611 - Similar pages -
by R Bhattacharyya - 2003 - Cited by 7 - Related articlesThe Bengal Diaspora
"The Bengal Diaspora: Bengali Settlers in South Asia and Britain" ... Fieldwork in the Bengal delta will be conducted primarily by Dr. Annu Jalais ...
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Search term(s), Bengal Delta. Results, 1. Harvester results, View results (What's this?) ... Bengal diaspora : Bengali settlers in South Asia and Britain ...
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'Orange sand' – A geological solution for arsenic pollution in ...
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Characteristics of orange sand vis-à-vis grey sand in the Bengal delta ... been drilled from Baruipur in the south to Malda in the north, ...
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by OP Singh - 2008 Codeposition of Organic Carbon and Arsenic in Bengal Delta ...
(A) Arsenic concentrations in groundwater are highest (in south-central ... Histori cally, the Bengal delta, along with the middle and upper flood plains of ...
pubs.acs.org/doi/abs/10.1021/es060722b - Similar pages -
by AA Meharg - 2006 - Cited by 17 - Related articles - All 6 versionsGeology and Tectonics of India: An Overview - Google Books Result
by M N Balasubrahmanyan, International ... - 2006 - Geology - 204 pages
13.1. Tectonic Map of Ganga Basin (modified after Mahadevan, 2002). Bengal Delta The Bengal delta comprises of lateritic uplands in the west followed in the ...
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Tigress enters home to escape cyclone furyPress Trust of India - 2 hours ago Gosaba (WB), May 27 (PTI) A family hit by the ferocity of cyclone Aila in a village near the Sundarbans had a bigger shock awaiting them when they found a ... Sunderbans home hunt Calcutta Telegraph Cyclone Aila swallows Sunderbans tigers Times of India Cyclone Aila death toll rises to 168 in India, BangladeshMetro Canada - Ottawa - 40 minutes ago AP CALCUTTA, India - The death toll from Cyclone Aila in eastern India and Bangladesh rose to at least 168 on Wednesday, officials said, while heavy rains ... 24000 homeless in SunderbansTimes of India - May 25, 2009 Control rooms have been set up at Canning and Gosaba. We have also asked some NGOs to provide relief to the people." At the village of Bali, also in Gosaba, ... Four lakh affected in South 24 Parganas: CMSamayLive - May 26, 2009 A large number of people in Pathar Pratima and Gosaba are awaiting rescue, he said. He said the prime minister and finance minister had rang him up to know ... Cyclone Aila death toll reaches 82, rescue onTimes of India - 15 hours ago "We'll also seek the army's help to reach assistance to Pathapratima, Gosaba and Basanti Island," he said. Addressing hundreds of homeless villagers at a ... Video: Cyclone Floods Bangladesh, India  The Associated Press Video: Cyclone Floods Bangladesh, India The Associated Press Cyclone Aila batters Bengal The Statesman CM promises funds, relief in NimpithTimes of India - 7 hours ago All the 13 blocks of South 24-Parganas, such as Patharpratima, Basanti, Gosaba, Kakdwip and Raidighi, have gone under water as the rivers swelled, ... Mamata stays back, to take charge in city todayTimes of India - May 25, 2009 Eight BSF teams moved to Sagar, Namkhana, Patharpratima, Gosaba, Sandeshkhali. Hingalganj. Hasnabad and Basirhat in North and South 24-Parganas with boats, ... Where Opp is confidentThe Statesman - May 12, 2009 In the 2008 panchayat elections, the Trinamul trounced the CPI-M and RSP in Gosaba and Canning (West). The Suci took control in the Joynagar block I. As ... Left vs Left in tough Joynagar turf Times of India One neglected industry, the other educationThe Statesman - May 9, 2009 Though Mr Mondal claims he had recommended a lot of development projects for the people living at Canning, Gosaba and Basanti, he blamed the media for ... Tarit confident, but jitters for party Times of India CPM confident of Barrackpore win The Statesman Sundarbans residents vote happily in home islandsSamayLive - May 13, 2009 Gosaba (West Bengal): Ashok Mondal of Jamespur village walked 45 minutes to reach his polling station Wednesday. He was happy he didn't have to travel hours ... |
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Budget will be presented in first week of July: PranabTimes of India - 14 hours ago Besides divestment in certain public sector undertakings, the government is planning to raise funds largely through borrowings. ... Reviving growth a top priority: Pranab Mukherjee Economic Times Not looking at divestments currently: MTNLMoneycontrol.com - May 25, 2009 RSP Sinha, CMD of MTNL, said the company didn't have any divestment plans as of now. He added it is planning a venture in South Africa too as they see huge ... Bharti may rope in holding co Business Standard Will Bharti connect this time around? Daily News & Analysis Disinvestment process picks up momentum againNDTV.com - May 25, 2009 ... former Secretary of the Department of Divestment. Already in the pipeline are two proposals, oil and gas explorer Oil India and National Hydropower ... Short of cash, govt plans to revive disinvestment ministry Business Standard EDITORIAL COMMENT | On The Agenda Times of India Divestment to make a comeback Economic Times Stocks to watch: ONGC, RIL, Ranbaxy, Reliance Infra, Mphasis, Era ...Economic Times - May 24, 2009 The new UPA government plans to cap profits of crude oil producers such as Oil & Natural Gas Corporation, Oil India, Reliance Industries and Cairn India as ... Next chapter on economic reformsEconomic Times - May 23, 2009 "We will support reforms in pension, insurance sector and divestment which our government was pursuing when we were in power. In banking sector reforms, ... The helping hand?Business Standard - May 24, 2009 The government's push for divestment in some public sector companies is not without reason. Such a move could provide the government with the much needed ... US Fed requirement stalls PNB-Allied mergerInquirer.net - 16 hours ago However, the Fed said it could not allow the merger without the divestment of shares in Oceanic Bank. Omar Byron Mier, president and chief executive of PNB, ... PNB to divest 26% from housing finance Rupee Times Indian 10-year yield flat; borrowing plan eyedReuters India - 20 hours ago "Fear of additional borrowing in June, fiscal stimuli by new government are negative for bonds, but if it opts for divestment in state-run companies, ... Fund-raising: IPO mkt to come alive soon, says CitigroupMoneycontrol.com - 2 hours ago Q: QIPs have started it, next there will be IPOs from the government and maybe some partial stake sales as divestment. Do you think there is a risk of ... Air India divestment back on the tableWall Street Journal - May 21, 2009 With the Left parties off its back, the new government has brought the disinvestment of Air India back on its agenda. The proposal had been first mooted ... After the Elections: What's Next on India's Economic Agenda? Knowledge@Wharton Comparing NDA vs UPA Performance Desicritics.org |
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News results for Divestment in India
Air India divestment back on the table - 5 days ago With the Left parties off its back, the new government has brought the disinvestment of Air India back on its agenda. The proposal had been first mooted ...Wall Street Journal - 6 related articles »
When was India's divestment ministry formed?
Although the process of divestment in India began right from 1991, a ministry for it was formed only on December 10, 1999 under the Atal Bihari Vajpayee ...
www.rediff.com/money/2003/nov/13quiz.htm - 30k - Cached - Similar pages -rediff.com: Money channel - The Divestment Development homepage
December 13, 2005. No decision on SCI divestment · India keeps selloff pot boiling ... 2008 Rediff.com India Limited. All Rights Reserved. ...
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More results from www.rediff.com »Air India divestment back on the table
23 May 2009 ... Bs Reporter, Air India divestment back on the table, UPA, NDA, Air India.
www.business-standard.com/india/news/air-india-divestment-backthe-table/358870/ - 111k - Cached - Similar pages -Shedding Skins: The Materiality of Divestment in India -- Norris 9 ...
Grounded in research in contemporary urban India, it is argued that it is in the act of divestment that the capacity for the recreation of the self is made ...
mcu.sagepub.com/cgi/content/abstract/9/1/59 - Similar pages -
by L Norris - 2004 - Cited by 6 - Related articles - All 2 versionsDepartment of Disinvestment Welcomes You
The Department of Disinvestment was set up as a separate department on 10thDecember,1999 and was later renamed as Ministry of Disinvestment from ...
www.divest.nic.in/ - 9k - Cached - Similar pages -NHPC, OIL, RITES set for divestment | India News
Divestment of the government's stake in public sector undertakings may kick off within three weeks of the new government taking over, according to a senior ...
news.pluggd.in/nhpc-oil-rites-set-for-divestment-221/ - 44k - Cached - Similar pages -Divestment key to IPO revival | India News
The rebound on Dalal Street could have a rub-off effect on the primary market. But a great deal hinges on govt's reforms agenda.
news.pluggd.in/divestment-key-to-ipo-revival-221/ - 43k - Cached - Similar pages -Government to sell 8% in Maruti Udyog; divestment in India, Indian ...
3 Sep 2005 ... The Centre is planning to sell a part of its stake in Maruti Udyog Ltd in an attempt to mop up resources for its job guarantee and ...
www.dancewithshadows.com/business/maruti-stake-sale.asp - 27k - Cached - Similar pages -Karat consented to divestment: Govt - India - The Times of India
6 Oct 2006 ... In a language similar to Left's discourse, government's reply justifies divestment in non-navratna PSUs as "democratisation of ownership ...
timesofindia.indiatimes.com/articleshow/2100749.cms - 46k - Cached - Similar pages -The Hindu : Criteria for sequencing divestment
24 Aug 2000 ... Divestment in India has unfortunately been viewed as a reluctant political medicine rather than as something that may actually offer ...
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NTPC says no to divestment, Dabhol Power27 Sep 2001, 2312 hrs IST |
http://timesofindia.indiatimes.com/articleshow/860286107.cms
But it is all set for DIVESTMENT and Hard Sell in PSUs in Indian Power Sector under Hundred days action Plan of Mass Dstruction. Meanwhile, the Divided Geopolitics was hit by Cyclone AILA which died Natural death but Killed from TOE to TOP in India and Bangladesh. Just before this Calamity we had been witnessing the TAMIL Plight as Prabhakaran and LITTE had been wiped off. We saw a RESHUFFLE in Power Politics in India and Nepal. How may Pakistan be untouched? And look, Pakaistan Bleeds once again in Terror Strike!
It's not just residents of Kolkata who bore the brunt of Cyclone Aila. Forest wardens fear that as the cyclone tore through the
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As the human toll from Monday's cyclone rose to 64, beat officers and range officials in the Sunderbans feared hundreds of herbivores and at least a dozen tigers might have been swept away by the giant waves that lashed the forests. While a tiger had sneaked into the Jamespur village wading through the flood waters and was tranquillised early on Tuesday morning, 20 crocodiles and two spotted deer were found dead.
The full extent of damage will be known only after an assessment by forest teams. As per the last census, the Sunderbans had 265 tigers.
GM to launch biofuel vehicles in Thailand
27 May 2009, 1410 hrs IST
General Motors Corp. plans to launch vehicles that can run on biofuel later this year in Thailand, which is offering incentives to cut reliance on gasoline, a senior official said on Tuesday.
Indian healthcare market to grow despite slowdown: McKinsey
27 May 2009, 1353 hrs IST
Notwithstanding the current global economic crisis, India's pharmaceutical industry and its health care market are expected to grow rapidly in the next few years, a global management consulting firm has said.
http://economictimes.indiatimes.com/News/articlelist/1715249553.cms
Rescuers are searching the rubble of a police building in Lahore after a bomb attack killed at least 45 people and injured 250 in Pakistan's second city.
Gunmen reportedly opened fire on guards before detonating a car bomb which flattened the emergency response building at police HQ.
Nearby offices of the ISI intelligence service were also damaged.
The interior ministry chief linked the attack to Taliban insurgents whom troops are battling in the Swat valley.
"Enemies of Pakistan who want to destabilise the country are coming here after their defeat in Swat," Rehman Malik said.
"There is a war and this is a war for our survival," he added.
Previous attacks on Lahore, Pakistan's second-largest city, were also blamed on the Taliban.
Captains of Indian industry are likely to meet Finance Minister Pranab Mukherjee on June 1 as the new UPA government gets down to prepare its first Budget in the second term.
I have written earlier how the Zionist Desi Illuminati India incs have Taken over the government of India,Polarising HINDUTA forces and Caste Hindu Vote bank with professional Management and Manipualtion suported by Shankaracharyas, intellgentsia, Civil society,Media,CIA and Mossad! Manusmriti RULE continues with Ruling Hegemonies across the Political borders in this Geopolitics are in FULL CONTROL and Practive to defend the Zionist US Corporate Imperialist as well as Fascist interests under Strategic realliance in US Israel lead.
We have beenwatching how Media and India INCS have set the Hundred Days` agenda for the Killingfields Countrywide in India. pranab is the Political face of ECONOMIC Killing moderately called Reforms or Liberalisation as Privatisation is strategically termed as DISINVESTMENT!
The government is ready to deliver further fiscal stimulus to arrest a slowdown in growth, the finance minister said on Tuesday, but 
"What is needed right now is the stimulus to the growth. But at the same time, we cannot lose our sight, that we cannot indulge in fiscal profligacy," Mukherjee told a news channel when asked if more stimulus measures were planned.
Meanwhile, the President of India has also set the Tune of her Governance Music!
President Pratibha Patil on Wednesday said stimulating consumer demand and creating confidence in institutions and markets can help
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"Stimulating consumer demand and creating confidence in institutions and markets is one of the focal areas for tackling the situation. This requires products that meet standards of quality and services that have an assurance of safety," Patil said after inaugurating a meet of the Committee on Consumer Policy, an ISO body, here.
Highlighting that the impact of the financial meltdown on India has been less because of strong domestic consumer demand, the President said, "... for us consumer protection is of great significance both as part of a sound business
Stressing on evolving a network of institutions to safeguard interest of consumers, Patil said, "A legal system and a strong dispute redressal mechanism must also be in place. This can make consumer protection effective and meaningful, nationally and internationally."
"We have a Consumer Protection Act at the national, state and district levels. These courts have delivered landmark judgments in many spheres and have been a constant source of hope to consumers," the President said.
On Saturday, Mukherjee had said efforts would be made to insulate the economy from the global financial crisis and slowdown, and media reports have said the additional spending could be equal to 0.5-1.0 percent of gross domestic product.
Finance Secretary Ashok Chawla told media finance ministry and Reserve Bank of India officials would meet on Saturday to finalise a revised borrowing plan for June, sending bond yields higher on concerns of more supplies.
According to its borrowing calendar, the government is expected to borrow Rs 48000 crore ($10 billion) of bonds between May 29 and June 26.
WTO awaits nomination of Indian commerce minister! Washington and Its Financial hands do Control FINMIN, RBI and Indian Trade and Commerce, Industries and Defence as well as Internal Security! Thus,he World Trade Organisation today said it is awaiting nomination of India's Commerce Minister for making headways towards
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"We... have seen elections in India and are awaiting the nomination of the Commerce Minister," WTO Director General Pascal Lamy said in his report to the General Council of the 153-member multilateral trade body.
Lamy said while the economic crisis has worsened since the beginning of the year, "the political atmosphere in the negotiations has improved. We have seen an increasing level of political engagement and clear signals of renewed commitment and support for a rapid conclusion of the Doha Round".
India, Brazil, South Africa and China are the key leaders of the developing nations at the WTO negotiations. The US and the European Union mainly represent the developed countries.
India's senior Cabinet Minister Kamal Nath, who held the Commerce portfolio in the previous United Progressive Alliance government, spearheaded the cause of the developing countries in crucial fora like the G-20 and G-33.
The Cabinet expansion and naming of key portfolios, including Commerce, is scheduled for Thursday.
Indian banks, all of which are making profits, have more scope to further lower their lending rates, Reserve Bank of India Deputy
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"Banks are all profitable. There is much more room for banks to cut their lending rates," Reserve Bank of India Deputy Governor Rakesh Mohan said.
Mohan observed that Indian banking system has stayed insulated to the global financial crisis, drawing strength from prudent regulations, healthy capital-base and negligible exposure to toxic assets.
"We have, as of now, no banking problems in India and non -performing assets (NPAs) continue to be low," Mohan said.
Though credit growth continues to be high, banks have not done well in providing adequate loan support to fund starved SMEs, Mohan said.
In order to improve credit flow to tiny units, banks need to revisit the risk assessment criteria of their SME clients, Mohan said.
Pranab and India Incs are set for a STRAIGHT go to preempt whatsoever Possible Resistance as the DETHRONED marxist have MONOPOLY inTrade Unions and Mass Movements!
The corporate
Industry expects Mukherjee to present a budget that will address the issue of slackening growth through focus on investment
A delegation of the Confederation of Indian Industry (CII) had already met Mukherjee, even before he took charge yesterday, giving him a detailed pre-Budget memorandum that outlines specific measures to put the economy back on fast track.
"We presented our pre-budget memorandum to the Finance Minister at his residence on Sunday. We want focus on economy, growth and infrastructure," said CII Director General Chandrajit Banerjee.
Faced with the challenge of revving up the economy, Mukherjee started consultation with the top officials on budget soon after taking charge yesterday. The union budget would be presented in the first week of July with focus on 'Aam Admi', Mukherjee said.
Challenges posed by Naxals, operationalisation of proposed NSG hubs and the National Investigation Agency are likely to be top in the
The action plan, prepared following the directive of Prime Minister Manmohan Singh, is likely to take care of security threat emanating from Naxal menace and sectarian violence, home ministry sources said.
The plan also aims to operationalise the NSG regional hubs in Mumbai, Kolkata, Hyderabad and Chennai within the next 100 days so that the specialised commando force could be stationed in the four major cities, they said.
The home ministry also plans to expedite recruitment process of the NIA in the next 100 days as the agency was yet to take its full shape, the sources said.
Following the Mumbai terror attack, the government had announced that it would set up four NSG hubs and constituted the NIA empowering it to take up all terror-related cases, having inter-state ramifications, for investigations.
The ministry had launched a 100-day Action Plan beginning February 21 and it was "substantially implemented".
Ahead of the listing of state-run firms Oil India (OIL) and NHPC, the finance ministry is chalking out a foreign road show calendar
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The road show for OIL, led by an inter-ministerial group, is expected to start in early August, followed by that for NHPC if market conditions remain stable, a finance ministry official told ET on conditions of anonymity.
While OIL is planning a Rs 1,300-crore IPO, NHPC plans to raise an estimated Rs 2,500 crore through the offering. Piggy-backing on these issues, the government also wants to offload 10% in OIL and 5% in NHPC.
The piggy-backing route was adopted first during the NTPC IPO, where the government offered 5% of its stake along with the public offering. Both NHPC and OIL are expected to be listed before September-end, before the regulatory approvals by capital market ergulator Sebi lapse. The government holds a 98.13% stake in OIL while NHPC is a 100% state-owned company.
OIL's lead managers for IPO are HSBC, Citigroup and Morgan Stanley. NHPC, a hydroelectric power generating company, has SBI Capital Markets, Kotak Mahindra Capital Company and Enam Securities Private as its lead managers.
"We had called off the three-week-long foreign road shows planned for OIL last November as market conditions had deteriorated and investor appetite took a beating. But the scenario has changed now. The inter-ministerial group will be meeting foreign institutional investors in select cities and will explain the prospects to them," the official said.
The foreign cities that the inter-ministerial teams will be visiting are yet to be finalised. The team for road shows will include board members, representatives from respective administrative ministries, and finance ministry officials.
With disinvestment gathering steam, the government is expected to tap foreign investors for many of the upcoming IPOs and FPOs.
"The question of tapping foreign investors depends on the sector in which you are planning the listing or dilution of stake. Public sector enterprises that cater to the domestic market may not figure in the investment plans of foreign investors. But foreign investors have shown interest in sectors such as oil, power and railways," the official added.
India Inc aims for 10 per cent growth for next 10 years, Economic Times reports:
Top Indian industrialists would be meeting the newly appointed Finance Minister Pranab Mukherjee on June 1 in New Delhi for pre-budget
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The meeting will be attended by Chairman of Tata group, Ratan Tata, Aditya V Birla group chairman, Kumar Mangalam Birla, Reliance Industries chairman, Mukesh Ambani, ADAG group chairman Anil Ambani, Videocon group Chairman Venugopal Dhoot, Infosys co-founder, Nandan Nilekani, JSW Steel vice-chairman, Sajjan Jindal, Assocham President Harshpati Singhania, and Bharti group chairman, Sunil Mittal among others.
Speaking to ET, Venugopal Dhoot said the government should take a long term view of the economy by preparing a master plan so that the country can achieve ten per cent growth. "This is the time for India to create history. As rest of the world is still grappling with recession, India is still growing at 6% rate. The government shouldtake a long term view of the economy by giving incentives for labour intensive units," Dhoot said. "India will have to create employment keeping in mind the highly educated new generation workforce which is coming into the labour market," Dhoot said.
Dhoot said infrastructure spending is the need of the hour and the India Inc is ready to take up projects which would help in nation building. "The private-public partnership projects should be encouraged and as in the past Indian companies will come forward to take up ports, airports, and bridge projects."
Talking to ET, Vice Chairman of JSW Steel, Sajjan Jindal said the immediate priority of the government should be to give a kick-start to the Indian economy which is showing signs of a slowdown. "The government should give a push to the small and medium sized enterprises as they employ a lot of people. A push to the exports growth is also the need of the hour."
To achieve this, Jindal says the government must reduce the high interest rates which are currently discouraging investments in the country. "Although the interest rates have come down, it is still not at a very comfortable level. We will ask him for an action plan to bring down the interest rates further."
Other industry leaders told ET that the government should increase spending in infrastructure and relax foreign investment norms for the retail and aviation sector. Arun Nanda, executive director of Mahindra and Mahindra wants the government to invest in building social infrastructure like school and hospitals.
It is rather FUNNY to read that The finance ministry has started preparing Budget 2009, which is likely to focus on the poorer sections of the society as the Congress-led coalition looks at consolidating its electoral gains as ECONOMICTimes reports further!
The budget would be presented in the first week of July with focus on aam aadmi and a special attention to sectors like textiles and IT that were hit hard by the global financial meltdown, finance minister Pranab Mukherjee said on Tuesday.
Mr Mukherjee met former Planning Commission deputy chairperson Montek Singh Ahluwalia on Tuesday, while ministry officials are gathering inputs from various departments.
Officials of the Controller General of Accounts (CGA), the internal auditor of the government, met finance ministry officials to discuss the government's spending in the last financial year.
The government is assessing the ground-level implementation of the measures announced as part of the two fiscal stimulus packages in December 2008 and January 2009, said an official who asked not to be named. The Congress party had promised in its pre-poll manifesto that it would raise wages under the National Rural Employment Guarantee Scheme (NREGS), legally guarantee food to the poor and expand the coverage of the health insurance scheme for the poor.
The new government is also expected to address the grievances of export-oriented sectors as they account for nearly a fifth of the country's total annual economic output.
"We have to pay heed to the sectors that have been impacted the most (by the economic downturn). Exports and IT are among the worst hit," Mr Mukherjee had told ET last Sunday in his first media interview after being named the finance minister.
The government is also expected to redraw its roadmap for reducing fiscal deficit in the budget. The government is believed to have crossed the revised fiscal deficit target of 6% in the last financial year and looks set to cross the 5.5% estimate for this year.
Senior officials at the finance ministry and the Reserve Bank of India will meet on May 30 to review the borrowing needs for the first half of the fiscal year, finance secretary Ashok Chawla said.
According to the borrowing calendar, the government is expected to sell Rs 48,000 crore worth of bonds between May 29 and June 26. It has outlined record gross market borrowing of Rs 3,62,000 crore in 2009-10.
Reuter reports:
Reviving growth momentum is a top priority for ruling coalition that won a second term but fiscal prudence will also be kept in mind,
Addressing a press conference, Mukherjee said the industry and business have been hurt by cost of finance.
He also said that banks may take advantage of the monetary policy and make cheap credit available. He added that the RBI has repeatedly said that commercial banks had more room to cut rates.
Pranab Mukherjee said he would be able to announce the full-budget for 2009/10 by the first week of July and try to get it approved by July 31.
Whereas, analysts feel that union budget will focus on improving the funding situation by maintaining liquidity and further lowering interest rates, and through this kick-start the economy. Here are few comments by analysts on Pranab Mukherjee's press conference.
"The finance minister has clearly laid down the priorities that the budget may encompass to revive the economy. In addition to higher allocations towards infrastructure, both physical and social, we expect the budget to equally emphasise on policy issues to address the funding impediments. It is apparent that the disinvestment agenda is expected to revive in a big way. "Importantly the finance minister, while emphasising growth, has also given attention to fiscal consolidation. We infer that while higher spending is on cards, financing of higher spending may come from disinvestment proceeds and 3G auction money. As such, fiscal deficit is likely to see a lower number in the budget versus interim budget fiscal deficit number." Shubhada Rao, Chief Economist, Yes Bank, Mumbai.
"This year's union budget will assume significance from the perspective of pushing ahead structural reforms. Since three fiscal stimulus (packages) are already out and since the finance minister has spoken about fiscal consolidation, the thrust of the budget will be on pending structural reforms that will improve the overall competitiveness and efficiency of the industries rather than just pumping in money. "The focus is going to be on infrastructure industries which have strong forward linkages and which is a must in view of the broader industrial slowdown," Rupa Rege Nitsure, Chief Economist, Bank of Baroda, Mumbai.
"We agree with the finance minister's emphasis on growth over narrowing the fiscal deficit in the near term. We believe that an acceleration of growth itself will increase government revenues in the medium term, thereby automatically narrowing the fiscal deficit. "Between the near and medium term, if the government follows through on divestment, that would be an additional positive," Atsi Sheth, Chief Economist, Reliance Equities, Mumbai.
"At this point of time it looks difficult for the government to stick to its fiscal deficit target announced at the interim budget, but it is possible they have identified some revenue sources. Hence one needs to see what happens finally in the budget," A Prasanna, Analyst, ICICI Securities, Mumbai.
"Clearly the major policy issues, whether divestment, possibility of additional borrowing, decontrol of oil and fertiliser prices; on all these issues this government is yet to finalise its stance." "But its focus is clearly on improving the funding situation by maintaining liquidity and further lowering interest rates, and through this kick-start the economy." "As of now, I won't say there is any huge indication of borrowing being increased, as even if the expenditure is more than what is stipulated in the vote on account, this can come from other sources of funding like 3G spectrum auctions or limited decontrol of oil prices." "My focus will be more on state borrowing, as this is a big unknown and because this can be a big change," Sujan Hajra, Chief Economist, Anand Rathi Securities, Mumbai.
India's external liabilities rise on FII outflows
NEW DELHI: Withdrawal of money by FIIs from capital markets has resulted in India's net external liabilities increase by 14.6 billion dollars to
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"Net claim of non-residents on India as reflected by the net International Investment Position (assets-liabilities) of India as at end-December 2008, increased by USD 14.6 billion to USD 80.1 billion," the central bank said in a statement.
The net IIP (the stock of external financial assets less the stock of external financial liabilities) shows the difference between what an economy owns in relation to what it owes, the RBI said.
"This decline was mainly attributed to outflow by FIIs from portfolio equity investment during Oct-Dec 2008 and also on account of the effect of valuation changes," it added.
The bank further said the share of non-debt liabilities to total external financial liabilities declined to 44.9 per cent at end-December 2008 from 46.6 per cent mainly due to equity out flow by FIIs.
The IIP was a negative USD 65.5 billion at the end of September 2008.
Both external financial assets and liabilities have declined during the first three quarters of the last fiscal (for which data is available). However, assets have fallen more sharply than the liabilities.
The total assets declined by USD 16.7 billion to USD 340.3 billion as at end-December 2008 over the previous quarter mainly due to fall in reserve assets to the tune of USD 30.4 billion.
While, the total external financial liabilities declined by USD 2.2 billion over the previous quarter at USD 420.3 billion as at end-December 2008.
The financial assets consist of the country's financial claims on non-residents and financial liabilities consist of the country's financial liabilities to non-residents, the RBI said.
'India's power generation capacity 68 pc below target in FY09'
MUMBAI: India's power generation capacity might have gone up by about 3,500 MW in fiscal 2009, but the capacity addition was dismal as it was
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Power generation is, however, expected to grow by 4.6 per cent this fiscal as projects with a capacity of 7,730 MW are likely to commence generation in FY10, Centre for Monitoring Indian Economy (CMIE) said.
"The total installed power generation capacity in India rose by 3,453.7 MW during April-March 2008-09. This is 68.8 per cent below the capacity addition target for 11,061 MW set for the period," CMIE said it in May review. During 2009-10, projects with a capacity of 7,730 MW are expected to commence generation, it said.
"This, together with a higher availability of coal and gas, is likely to result in an acceleration in thermal power generation growth. We expect total power output in India to rise by 4.6 per cent during 2009-10," CMIE said.
The revival in hydro-power generation will bolster growth in total power generation, but at a moderate pace, it added.
At present, India's total installed power capacity stands at 1,47,402.81 MW.Of this, 93,392 MW is generated from thermal and 36,647.76 MW is from hydro.
DLF, Mundra SEZ plans to be reviewed
NEW DELHI: The board of approval for special economic zones (SEZs) is scheduled to meet on June 2 to take up a host of cases, including Adani
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As per the agenda, 21 requests for extension of validity of formal approvals made by companies—including NIIT, HCL, L&T and Orientcraft, which had been considered and granted extension for one year while the BoA was not meeting— would be considered for formal clearance. The BoA will take up 19 proposals for setting up SEZs, three of them fresh and sixteen of them deferred in earlier meetings.
Besides these, proposals related to requests for authorised operations and appointment of co-developers will also be taken up.
Adani Power's request for further increasing the power generation capacity of its power sector SEZ at Mundra from 2,640 mw to 5,040 mw was considered in the BoA's last meeting in February 2009. BoA had asked the government of Gujrat, which has signed an MoU with Adani power for generating 5,000 mw power, to come back with a clear plan for power utilisation. The state has now come up with its new projections, which will be considered in the June 2 meeting.
How the economic slowdown impacts SEZs is evident in the agenda in the form of requests for denotification, withdrawal of approvals and extension of validity of approvals set to lapse.
Cash-strapped DLF, which put up four of its IT/ITES SEZs in Gujarat, Haryana, West Bengal and Orissa for denotification, stated that the reason for the decision was a slow down in the economy and a liquidity crunch in the overall industry.
Madhya Pradesh, IL&FS tie up to develop industrial zones
BHOPAL: The Madhya Pradesh government has signed an agreement with IL&FS Infrastructure Development Corp (IIDC) for the development of three
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This project will prove to be a milestone in the future industrial development of the state, Minister for Commerce, Industry and Employment Kailash Vijayvargiya said Tuesday.
The agreement was signed Monday between Madhya Pradesh Trade and Investment Facilitation Corp (Trifac) and IIDC.
Under the deal, Trifac and its partner firm will jointly work to develop three industrial areas - Ratlam-Nagda Investment Region, ShajapurDewas Industrial Area and Neemuch-Nayagaon Industrial Area, an official of the state Industry department told IANS.
"Trifac has appointed IIDC as the project management consultant for the development of the investment nodes as per the conditions laid down in the agreement," said the official, who did not want to be identified.
The 1,483-km long DMIC, which is expected to cost $90 billion, passes through five states with a series of industrial zones that will be serviced by a string of dedicated freight expressways, rail links and other facilities.
According to government reports, once the DMIC project is complete, the employment potential will double and the industrial output will go up three-fold in five years.
Govt to fast track Rs 20k cr road projects
NEW DELHI: With elections over, the government will soon consider clearing 21 infrastructure projects
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The model code of conduct for public servants during the national polls had forced central and state agencies to put on hold new public private partnership (PPP) projects.
The PPP appraisal committee, chaired by finance secretary Ashok Chawla, will soon examine these projects, which are spread across the country. All of them are road projects, each at a cost of Rs 500-1,000 crore. About 13 projects have sought financial support from the government to achieve financial closure under the viability gap funding (VGF), said an official who asked not to be named. Under the VGF scheme, the government meets one-fifth of the total cost of the project, which could be doubled if the state agency feels so.
The government feels spending on large infrastructure projects is crucial for protecting jobs and helping firms remain in business till the good times return. Besides making it easier for infrastructure project developers to access funds, the government had also decided to spend more on the sector last December.
Of the Rs 20,000-crore extra Plan spending the government had announced last December to stimulate the economy, a significant part was allocated for building new roads.
The official told ET that the government will also look into the grievances that infrastructure lenders may have. According to Hemant Kanoria, CMD of Srei Infrastructure Finance, it is difficult for such firms to borrow from multilateral agencies under the existing norms on overseas commercial borrowings. The private sector infrastructure lender wants the norms to be further eased.
The PPPAC cleared two port and five highway projects in March with a spending of Rs 5,220 crore. Since January 2006, the panel has approved 101 projects, with an estimated cost of Rs 1,00,384 crore. These include 88 highways, nine ports, two airports, a tourism infrastructure project and a railway project.
Reliance Infra plans to raise $913 million
MUMBAI: India's Reliance Infrastructure Ltd said that it planned to raise 43 billion rupees ($913 million) by issuing share warrants to its
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Reliance Infrastructure said on Sunday it would issue 42.9 million warrants convertible into shares at 1,000 rupees each, a 10.8 per cent discount to Friday's closing price, to founders' Anil Dhirubhai Ambani group.
The founders' stake will rise to 48 per cent from 38 per cent. "We have a great sense of excitement at the unprecedented opportunities unfolding before Reliance Infrastructure, in high growth areas of power and infrastructure development," chairman Anil Ambani said in a statement.
The issue would raise the net worth and borrowing limit of the firm by a third, it said, boosting its ability to qualify for large road, power, rail and port projects.
India needs $500 billion over five years to overhaul its crumbling infrastructure.
Reliance Infrastructure, which is building roads, metro rail and power plants worth 128 billion rupees will also look at ports, airports and real estate development, it said.
The company said other long-term shareholders such as state-run Life Insurance Corp and insurance firms that together own a fifth of the firm can participate in the offering on the same terms. It did not elaborate.
The company also said it had cancelled 43 million warrants issued to the founders in January 2008 and convertible into shares at 1,822.08 rupees a share before July 19.
The upfront payment of 7.83 billion rupees on the warrants will accrue to the firm's reserves, it said.
Founders of several Indian firms have stayed away from converting warrants after share prices fell sharply.
Reliance Infra shares lost nearly three quarters of their value last year but have almost doubled so far in 2009.
Oil above $62 a barrel in Asia
SINGAPORE: Oil eased in Asia on Wednesday but remained above 62 dollars a barrel after breaching six-month highs overnight ahead of a meeting of
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New York's main futures contract, light sweet crude for July delivery, shed 20 cents to $62.25 a barrel after settling at $62.45 in US trade, the highest close since November 5.
Brent North Sea crude for delivery in July tumbled 14 cents to 61.10 dollars.
The market was taking a breather after climbing to its highs Tuesday as traders viewed a jump in US consumer confidence as a signal for an economic rebound and increased energy demand.
The price dip on Wednesday was "not a significant move," said Dave Ernsberger, Asian senior editorial director for energy information provider Platts.
"The stage has been set for a fairly bullish oil market in the summer," he said, adding that the market was awaiting results of the OPEC meeting on Thursday in Vienna.
Saudi Oil Minister Ali al-Nuaimi said Tuesday on his arrival in the Austrian capital that the cartel is likely to maintain current production quotas.
"We will stay the course," said the minister, whose country is OPEC's biggest oil producer.
He also said that oil prices should rise to 75 dollars per barrel, "we hope between the third and fourth quarter" of this year.
OPEC, which pumps some 40 per cent of global oil supply, has steadily cut production since late last year in a bid to steady prices, which have tumbled from record highs above 147 dollars per barrel in July 2008.
India invites bids for $2 bn in helicopter deals
NEW DELHI
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The Indian Air Force is seeking 22 attack helicopters and at least 15 heavy-lift helicopters as it plans to replace its aging Soviet-era fleet with modern weapon systems.
"Boeing has received the Request for Proposals (RFPs) for the attack and heavylift helicopters and will review the requirements," Vivek Lall, India country head of Boeing's Integrated Defense Systems (IDS), told Reuters on Monday.
The two RFPs were issued on Sunday and Monday, days after a new Congress-led coalition government was sworn in.
The government said it would prioritise defence and push forward pending projects to modernise its armed forces.
India is looking to spend more than $30 billion over the next five years to modernise its defence systems.
"We hope to hear from bidders soon on the two projects and speed up the procurement process," a defence ministry spokesman said.
Last June, India asked seven international companies to submit bids for supplying 22 attack helicopters, but the government cancelled the tender this March, saying the bidders did not meet requirements.
Boeing, which did not respond to that RFP for attack helicopters due to technical reasons, said it was keen to offer its Apache AH-64 helicopters this time around.
Separately, Boeing said it was also reviewing the other RFP to supply at least 15 heavy-lift helicopters to the air force.
Lall says the U.S. plane maker was interested in offering its Chinook CH-47 to India.
"We believe that Boeing's Apache and Chinook can provide the Indian Air Force with the most capable, proven and versatile platforms in their respective class," Lall said in New Delhi on Monday.
India will also soon hold field trials for the purchase of 126 fighter planes in a $10.4 billion contract that is one of the world's biggest current arms deals.
Boeing's F/A-18 Super Hornet, France's Dassault Rafale, Lockheed Martin Corp's F-16, Russia's MiG-35, Sweden's Saab JAS-39 Gripen and the Eurofighter Typhoon, produced by a consortium of British, German, Italian and Spanish companies, are in the race for the lucrative fighter contract.
Companies pay higher dividends to boost investor morale
MUMBAI: Contrary to fears that companies will tighten purse strings to conserve cash in an economic slowdown, a substantial number of them have
Data available for 377 companies shows that 131 of them have increased dividend for the year ended March 2009 or December 2008. The list also includes a few companies where the data is available for the year ended September 2008 or June 2008.
This is seen as some consolation to investors, given the bruising capital losses they have suffered because of last year's stock market turmoil.
EID Parry, Coromandel Fertilisers, Stovec Industries, VST Industries, Crisil, ICI India, Sulzer India, Nestle India and Clariant Chemicals are among the companies, which paid the highest dividend. "If companies are paying higher dividend, it is a positive trend, as it would help in boosting morale of shareholders, particularly those who have been holding shares with a long-term point of view," said an analyst with a Mumbai-based broking house.
Sugar company EID Parry paid out 1000% dividend for 2008-09, compared with 25% previous year. On a standalone basis, the company recorded a bumper profit of Rs 692 crore on sales of Rs 812 crore, compared with a loss of Rs 17 crore on sales of Rs 651 crore in 2007-08. Its earnings were boosted by large extraordinary income of Rs 750 crore earned in the form of a profit on sale of investments.
Coromandel Fertilisers hiked dividend from 175% to 500% last fiscal. The company's sales jumped 150% to Rs 9,375 crore, while its net profit rose by 137% to Rs 496 crore, thanks to exceptional income of Rs 159 crore. Some analysts are of the view that even if a company pays exceptionally high dividend in a particularly year, factors such as the industry it operates in, the management's background, cash flows and past dividend record should be considered before an investment call is made.
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"It is important to see if a company is paying dividend out of normal profit or profit earned from extraordinary sources. In normal circumstances, higher dividend shows the management has a good confidence in prospects of the company," said Anagram Stock Broking head of research VK Sharma. The broking firm expects public sector companies, including banks, to maintain their dividend track records in the coming years.
The list of dividend high-flyers, also includes multinational companies Sulzer India, Nestle India and Clariant Chemicals. The companies paid dividends of 350%, 425% and 190%, respectively, in the year ended December 2008, compared with 100%, 330% and 100%, respectively, in the previous year. In these cases, point out analysts, foreign promoters would be the major beneficiaries due to their large stakes in companies.
http://economictimes.indiatimes.com/News/News-By-Company/Corporate-Trends/Now-higher-dividends-to-boost-investor-morale/articleshow/4581810.cms
Anil Ambani group firms among top stock performers
25 May 2009, 1447 hrs IST, IANS
http://economictimes.indiatimes.com/quickieslist/4576786.cms MUMBAI: Three companies in the Reliance Anil Dhirubhai Ambani Group were among the five top-performing stocks of the S&P CNX Nifty of the
With a gain of 52.7 percent, Reliance Capital was the best performer among the Nifty stocks. The broader index itself rose 15.44 percent, in which Infosys turned out to be the worst performer with a net loss of 4.43 percent, data with the bourse showed. Realty major Unitech came next with 36.65 percent gain, followed by Reliance Infrastructure, up 36.71 percent, Reliance Communication, up 35.85 percent and Tata Steel, up 33.69 percent. Reliance Industries, which has the largest market capitalisation and belongs to the Mukesh Ambani group, could gain just 12 percent, which was below the 15.44 percent rise logged by Nifty. Reliance Communications also outperformed the market leader in the telecom market, Bharti Airtel, which moved up just 7.47 percent, as per data with the stock market. Besides Infosys, the other losers during the week under review were Cipla, down 3.44 percent, Wipro, down 2.18 percent, Tata Consultancy, down 1.55 percent, ITC, down 1.32 percent and Sun Pharma, down 0.91 percent. On the other hand, State Bank of India, Larsen and Toubro, Tata Motors, Steel Authority and DLF made up the five other stocks that figured in the list of top 10 performers and rose at a pace higher than the Nifty. The week under review was one during which the stock markets gave a resounding welcome to the electoral victory for the Congress-led United Progressive Alliance (UPA). The investor frenzy that followed forced the suspension of trading for the day May 18 after indices hit upper circuit filters twice within seconds. | |
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US economy at risk of double-dip recession
WASHINGTON: The US economy appears destined for several years of weak growth and high unemployment that leave it vulnerable to a recession While tepid growth looks likely to resume late this year and build modestly into 2010, the credit bust has left households and businesses unable or unwilling to borrow and spend as freely as they did before the crisis. The US government has stepped in as lender and spender of last resort, but its deep pockets are not bottomless. Waning political and investor appetite for taking on more debt could stand in the way of any additional big spending plans. "When you remove the government stimulus, what the private sector can generate in terms of growth feels like a recession," said Jeffrey Rosenberg, head of global credit strategy at Banc of America Securities Merrill Lynch in New York. Rosenberg thinks the US economy may trudge along at a sluggish growth rate somewhere in the range of 0.5 percent to 1.5 percent while banks recover from the credit crisis, which could take another three years. "If that's what you're able to generate, that economy is not generating the job growth required to bring the unemployment rate down," Rosenberg said. This is a much darker outlook than the one put forward by President Barack Obama's administration in its latest budget projections, which show economic growth bouncing back to 3.2 percent next year and hitting 4.6 percent by 2012. It also calls into question the staying power of a recent stock market rally. The Standard & Poor's 500 is up more than 30 percent from an early March low. The gloomier scenario assumes that banks take years to recover from losses that some economists think could reach $4 trillion; consumers curb borrowing and spending as they repair the $11.2 trillion hole blown through their savings last year; and the explosion in government debt drives up interest rates. If the forecast proves accurate, it would leave the economy susceptible to a shock, such as a big jump in oil prices, and could force the United States to issue even more debt than investors expect. That would likely increase borrowing costs, both for the government and the private sector. NEVER SAY NEVER Typically, deep recessions are followed by powerful recoveries because when demand finally returns, companies quickly ramp up production. That helps explain why Wall Street has been feeling optimistic about recovery prospects. However, recessions caused by financial crises have a history of being long, deep and difficult to fully escape. Treasury Secretary Timothy Geithner said on Thursday that the current crisis was "caused in large part by too much borrowing and too much lending. And the adjustment process of that will be difficult." How difficult that adjustment will be depends to a large degree on how dramatically consumers alter their behavior. | |
 MTN union, minority investors oppose deal "MTN-Bharti deal involves the pursuit of 'synergies', it's likely to involve job cuts either here or in India," said spokesperson of COSATU.  MTN's already wired to TechM, Subex Indian IT firms Tech Mahindra and Subex as well as the India team of American software major IBM are already providing IT services to the Johannesburg-headquartered firm.  Mittal builds dream team to achieve ambition Mittal has been steadfastly focusing on using international talent to go global for the last three years.  Bharti gets $4 bn bridge loan for MTN deal Bharti Airtel received commitment from Standard Chartered Bank to raise a $4-bn bridge loan to finance its deal with MTN.  Merger may be a short-term drain on Bharti Bharti-MTN deal is likely to be a costly affair in the short-term for Bharti as current structure of deal will lead to net outflow of cash from the Indian telco's coffers, making it necessary to raise fresh debt.  S&P retains stable outlook rating on Bharti Airtel Standard & Poor's affirmed its' BBB- long-term corporate credit rating on Bharti Airtel, with a stable outlook, following the company's renewed efforts for a partnership with South Africa-based MTN Group.  Bharti-MTN largest global telecom deal this year The deal with a potential value of $23 billion is nearly half of the total telecommunication merger and acquisition transactions announced till mid of this month.  Institutional investors play along Fund managers feel that with the Indian telecom market showing signs of saturation, the swap deal will be critical for the co's next phase of expansion.  India is now a player in M&A premier league It will be the third largest deal so far in 2009 and if pharma is excluded, it will be the largest deal so far globally.  MTN bid won't trigger open offer As the deal is not a pure acquisition, but getting completed under a scheme, a co source said it would not trigger an open offer by MTN as per SEBI norms.  Complex merger may get Bharti 'foreign-owned' tag Bharti Airtel already has foreign investments close to 43% in its equity structure, as per the new FDI norms.  Deal takes Indian M&A story to dizzying heights By any yardstick, the Bharti-MTN deal, if it goes through, will usher in the next round of the Indian telecom M&A story  Mittal's dream of Bharti-MTN deal back on track Almost exactly a year to the day that Mittal reluctantly called it quits on telecom services provider Bharti Airtel's deal with the South African major MTN, he's got his dream of a worldwide telecom behemoth back on track.  MTN's demand for majority stake derailed round one Bharti's announcement of merger with MTN comes exactly a year after India's largest mobile phone operator called off merger talks.  Deal will need FIPB blessings Bharti-MTN deal will need approval of FIPB in the absence of a policy on share swaps, a government official said, requesting anonymity. | ||
MILITANCY
On the march Army senses victory against Taliban in Swat
ANALYSIS AND BACKGROUND
Conflict map BBC map shows Taliban extending control in north-west
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Times of India Blast rocks Lahore; 30 dead, 150 injured - 53 mins ago
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orth Korea's nuclear trump card
Aljazeera.net - 37 minutes ago
By Joe Havely When North Korea announced for the first time in February 2005 that it had nuclear weapons, the claim was dismissed by the Bush administration as bluster and "rhetoric".
North Korea's bomb test seen as troubling progress The Associated Press
Sotomayor and the struggle to be ordinary
The Associated Press - 2 hours ago
WASHINGTON (AP) - A black president introduced his Hispanic Supreme Court nominee while his white vice president watched. It was a custom-made American tableau, the politics of biography.
Video: Here Comes The Judge - New York Post New York Post Video: Here Comes The Judge - New York Post New York Post
New York Post Video: Here Comes The Judge - New York Post New York Post Bomb Explodes on Busy Main Street in Downtown Lahore
Voice of America - 22 minutes ago
By Catherine Maddux At least eight people were killed and scores of others injured when a bomb exploded on a busy main street in Lahore, the capital of Pakistan's Punjab province.
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All dressed up and nowhere to go
Hindustan Times - 1 hour ago
Ahead of the cabinet expansion, PM Manmohan Singh and Congress president Sonia Gandhi today held consultations to give finishing touches to the list of ministers.
Cabinet expansion: PM, Sonia hold fresh consultations Press Trust of India
Cabinet Chaos: Who gets what IBNLive.com
Stranded passengers leave after train services resume
Hindu - 32 minutes ago
Jammu (PTI): With train services resuming after a thaw in violence in Punjab, about 20000 passengers stranded at the railway station here have left for their respective destinations.
Normal train movement to Punjab restored Times of India
Normalcy returns to Punjab; no violence
Times of India - 5 hours ago
JALANDHAR: Road and rail traffic in Punjab was back to normal on Wednesday with no violence being reported in the state overnight.
Sikhs succumb to casteism Express Buzz
US Sikh leaders condemn Violence in Vienna and appeal for peace in ... PunjabNewsline.com
'Over 200 killed' by Cyclone Aila
BBC News - 2 hours ago
More than 200 people have now been killed by Cyclone Aila which hit Bangladesh and the eastern Indian state of West Bengal, relief officials say.
Video: Cyclone Floods Bangladesh, India The Associated Press Video: Cyclone Floods Bangladesh, India The Associated Press
The Associated Press Video: Cyclone Floods Bangladesh, India The Associated Press After Aila, life limps to normal Times of India
Binayak Sen: Free at last
Zee News - 51 minutes ago
This certainly seems to be something out of a Bollywood blockbuster. The hero is a doctor in a remote poor district of South Bastar in Chhatisgarh and at a nominal fee is rendering services there.
SIT hears Jakia Jafri, Teesta
Daily News & Analysis - 2 hours ago
Gandhinagar: Social activist Teesta Setalvad and Jakia Jafri, widow of the slain Congress MP Ahesan Jafri, on Tuesday told the special investigation team (SIT) probing the statewide riots of 2002 that Gujarat chief minister Narendra Modi was to blame ...
Jaffri, Setalvad meet SIT, ask for probe into Modi's role Indian Express
YSR leaves for pilgrimage to Israel
Hindu - 3 hours ago
Hyderabad (IANS): YS Rajasekhara Reddy, who took charge as Andhra Pradesh Chief Minister for the second consecutive term last week, on Wednesday left for a pilgrimage to Israel along with his family members.
Soul sisters embrace chellemma Express Buzz
Sitting pretty at home, thank YSR Calcutta Telegraph
Maya drops Maurya from her ministry
Times of India - 9 hours ago
LUCKNOW: In the first-ever reshuffle in her two-year-old ministry following party's poor show in the Lok Sabha poll, chief minister Mayawati on Tuesday sacked cooperative minister Swami Prasad Maurya and also removed him as the leader of the Upper ...
After babus, partymen, Maya sacks minister Economic Times
Deo may be Speaker, Sumitra deputy
Economic Times - 8 hours ago
NEW DELHI: In keeping with parliamentary convention, Congress has decided to offer the post of deputy speaker of the Lok Sabha to the principal opposition.
BJP can't agree on deputy speaker Daily News & Analysis
On post-debacle autopsy table, Delhi BJP leaders gun for party ... Expressindia.com
Aila batters Darjeeling hills
Times of India - 9 hours ago
DARJEELING: A day after turning south Bengal into a lump of twisted mass, cyclone Aila travelled north and triggered torrential rain and landslides in the Darjeeling hills, killing 17 people and taking the statewide toll up to 64.
Jubilation time in CBSE schools
Daily News & Analysis - 2 hours ago
Bangalore: The much-anticipated CBSE, class 10 results were declared yesterday, which saw two city boys, Abhishek Gupta and Anmol Chavan V clinch the top spot with 98.2 per cent.
Goa slips to third spot in CBSE Std X exams Times of India
Qureshi, Yang greet SM Krishna
Hindu - 11 hours ago
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Pak eager to sit across table Economic Times
Pak for talks, Qureshi tells Krishna Deccan Herald
Amarnath Yatra put off to June 15
Hindu - 11 hours ago
SRINAGAR: In view of thick snow on various stretches of the Chandanwari-Holy Cave track, this year's Amarnath Yatra has been rescheduled to commence on June 15, instead of June 7. A spokesperson of the Shri Amarnathji Shrine Board (SASB) on Tuesday ...
Amarnath pilgrimage postponed till 15 June The Statesman
Yatra deferred till June 15 Rising Kashmir
Man held with RDX, Rs 49 lakh, gets 7 yrs' RI
Indian Express - 7 hours ago
Aijaz Hussain Khwaja, who received the National Crafts Master award from the President in 2005, was awarded seven years' rigorous imprisonment by a Delhi Court on Tuesday for "probably" acting as a conduit of a terror group and possessing RDX in huge ...
Craftsman gets 7-yr RI for terror links Times of India
Pruning blamed for green massacre
Times of India - 7 hours ago
KOLKATA: A day after cyclonic storm Aila uprooted trees like ninepins and left a trail of destruction, green experts said the imprint of the tragedy that felled over 500 trees pointed more to the sly hand of man than the mighty punch of nature.
Dazed by Aila, Kolkata still reels on rubble Indian Express
7 babus amassed wealth worth over Rs 7 crore
Times of India - 9 hours ago
BANGALORE: "I wish you had raided my house next month. By that time, my promotion process would have been completed. Now, it will be delayed.
Lokayukta nets seven officers Express Buzz
Bangalore: Lokayukta Raids Nets Assets Worth Rs 7.5 cr Daijiworld.com
Protests hit Manipur valley
Calcutta Telegraph - 11 hours ago
Imphal, May 26: Protests against the campus killing of Manipur University's professor and proctor Md Islamuddin yesterday singed the streets of Manipur valley today.
No clue on Dean murder, protests hit Manipur Indian Express
26/11: police witness grilled
Hindu - 11 hours ago
Mumbai: Defence on Tuesday grilled a police witness in the 26/11 case on a pair of cargo pants and socks, a shirt and an undergarment as it tried to probe the mystery of the unstained map.
Another cop identifies Kasab, map Expressindia.com
Geelani detained, released
Rising Kashmir - 15 hours ago
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Geelani Arrested, Calls For Torchlight Protests Kashmir Observer
GEELANI AGAIN UNDER HOUSE ARREST GreaterKashmir.com (press release)
Chidambaram asks Central forces to step up recruitment
Times of India - 12 hours ago
NEW DELHI: With the Union home ministry all set to implement its 100-day plan from June 1, it has asked the central paramilitary forces to further step up their efforts to recruit as many personnel as possible during the period so that the target to ...
Home Minister to visit various paramilitary headquarters Press Trust of India
North Korea's nuclear trump card
Aljazeera.net - 39 minutes ago
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The Associated Press - 2 hours ago
WASHINGTON (AP) - The process for Sonia Sotomayor, a judge on the 2nd US Circuit Court of Appeals in New York City, to be the first Hispanic Supreme Court justice is just beginning.
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New York Post Video: Here Comes The Judge - New York Post New York Post Bomb Explodes on Busy Main Street in Downtown Lahore
Voice of America - 24 minutes ago
By Catherine Maddux At least eight people were killed and scores of others injured when a bomb exploded on a busy main street in Lahore, the capital of Pakistan's Punjab province.
Official: Car bombing kills about 30 in Pakistan The Associated Press
Gay marriage battle to return to Calif. ballot
The Associated Press - 53 minutes ago
SAN FRANCISCO (AP) - Gay leaders say they are moving into campaign mode with an eye toward trying to repeal Proposition 8 at the ballot box as early as next year after the state Supreme Court upheld the voter-approved ban on same-sex marriages.
California high court upholds Prop. 8 Los Angeles Times
Obama demands release of Aung San Suu Kyi
Hindu Business Line - 2 hours ago
WASHINGTON: The US President, Mr Barack Obama, on Wednesday demanded "immediate" and "unconditional" release of Myanmar's pro-democracy icon Aung San Suu Kyi, who has been held under house arrest since 2003.
Sri Lanka confident of avoiding war crimes probe
AFP - 1 hour ago
COLOMBO (AFP) - Sri Lanka said it was confident of averting an international probe into alleged war crimes committed during its blistering offensive against the Tamil Tigers.
Colombo to 'rehabilitate' rebels BBC News
Canada's governor eats seal heart
BBC News - 8 minutes ago
Canada's governor general, Michaelle Jean, has helped to butcher and eat a seal in an apparent act of solidarity with hunters.
Michaëlle Jean sparks feeding frenzy Toronto Star
Bomb kills troops in Pakistan's Swat: officials
AFP - 1 hour ago
PESHAWAR, Pakistan (AFP) - Two soldiers were killed Wednesday when a roadside bomb hit their vehicle in Pakistan's northwest Swat valley, where the military is battling Taliban insurgents, a security official said.
SCENARIOS - What outcome for Pakistan's battle in Swat? Reuters India
Pakistani forces claim advance in Swat valley The Associated Press
Court excuses Sharifs' non-appearance
Hindu - 13 hours ago
Sweet news: Supporters of the former Pakistani Premier, Nawaz Sharif, celebrating in Lahore on Tuesday. - Photo: AFP Islamabad: In its five-page order setting aside its own earlier order and a Lahore High Court verdict disqualifying the former Prime ...
Pakistan's top court lifts political ban on Sharif brothers Radio Australia
Nine killed in fighting in Somalia
Hindu - 2 hours ago
MOGADISHU (AP): Witnesses and officials say Somali insurgents fired mortars near the presidential palace and killed seven civilians and two government soldiers.
Roh leapt to death 'after sending guard away'
AFP - 27 minutes ago
SEOUL (AFP) - Former South Korean president Roh Moo-Hyun leapt to his death during a mountain hike after sending his bodyguard away on an errand, police said Wednesday, as tens of thousands joined in mourning for him.
Report: Ex-SKorean leader was alone when he died The Associated Press
MPs' expenses: Gordon Brown proposes constitutional changes in ...
Telegraph.co.uk - 18 minutes ago
Gordon Brown, the Prime Minister, is the latest party leader to propose constitutional changes in the wake of the MPs' expenses scandal.
Nepali PM asks UCPN-M to join gov't
Xinhua - 18 hours ago
KATHMANDU, May 26 (Xinhua) -- Nepali Prime Minister Madhav Kumar Nepal on Tuesday said that the new government has been formed on the basis of the civilian supremacy, and asked the Unified Communist Party of Nepal (Maoist) (UCPN-M) to join it.
Homeless in Gaza and a feat of clay
AFP - 1 hour ago
GAZA CITY (AFP) - All of Amer Aliyan's hopes of rebuilding his life are placed in a carefully folded sheet in his wallet, a document that for the foreseeable future in Gaza is nothing but a worthless piece of paper.
In pictures: Gaza's new mud homes BBC News
France Opens First Military Bases in the Gulf
New York Times - 16 hours ago
By MATTHEW SALTMARSH PARIS - President Nicolas Sarkozy opened France's first military facilities in the Gulf on Tuesday, deepening the government's alliance with the United Arab Emirates and highlighting its shifting foreign policy priorities.
Sarkozy opens France's first Gulf military base The Associated Press
Iran lifts 'Facebook ban'
Telegraph.co.uk - 41 minutes ago
Web access to Facebook is restored days after the site was initially blocked, although it remains unclear who took the decision to first impose, and then lift, the ban.
Iran's Facebook access restored BBC News
FEATURE - US, Israel square off over settlement expansion
Reuters India - 17 minutes ago
By Ari Rabinovitch and Eli Berlzon EFRAT, West Bank (Reuters) - On a hillside neighbourhood in the West Bank settlement of Efrat, workers construct a foundation that will expand a building towards a nearby playground.
'Palestinian entity cannot be formed' Jerusalem Post
Munro wins international Booker
BBC News - 7 hours ago
She saw off competition from 13 other nominees, including Australian two-time Booker winner Peter Carey and Briton James Kelman, to win the £60000 award.
Alice Munro wins Man Booker Prize Hindustan Times
Italy riveted by saga of Berlusconi and teenager
Reuters India - 20 hours ago
By Philip Pullella ROME (Reuters) - The story of Silvio Berlusconi's friendship with an 18-year-old woman has transfixed Italy and forced the prime minister onto the defensive as he leads his party into European elections and prepares to host a G8 ...
Berlusconi seeks to placate Italy BBC News
Pakistan diary: New battle lines?
Aljazeera.net - 50 minutes ago
Imran Khan, Al Jazeera's reporter in Pakistan, is filing regular dispatches from the country as the army battles Taliban fighters in the North West Frontier Province.
130000 people being registered daily as displaced in Pak: UN Press Trust of India
HIGHLIGHTS - Mukherjee says reviving growth a top priority
Reuters India - 31 minutes ago
NEW DELHI (Reuters) - Finance Minister Pranab Mukherjee said on Wednesday reviving growth momentum was a top priority for the ruling coalition that was re-elected for a second term, but fiscal prudence would also be kept in mind.
Stocks on firm footing; Pranab vows economic growth revival Economic Times
Infra, banking reforms top priority in Budget: Pranab Moneycontrol.com
MRPL Q4 net jumps two-fold at Rs 608 cr
Business Standard - 48 minutes ago
PTI / New Delhi May 27, 2009, 13:43 IST Mangalore Refinery and Petrochemicals Ltd today reported a more than two-fold growth in net profit at Rs 607.62 crore for the fourth quarter ended March 31, 2009.
Capacity utilisation at 113%, FY09 GRMs at $5.6/bbl: MRPL Moneycontrol.com
ONGC refiner net down 6.3 percent SamayLive
South Africa targeted M&A deals hit record high
Business Standard - 18 minutes ago
PTI / New Delhi May 27, 2009, 14:16 IST The total value of announced merger and acquisition deals focused on South Africa reached a whopping $24.1 billion so far this year, thanks to the proposed Bharti Airtel-MTN transaction.
Bharti shares seesaw, lag broader market Reuters India
MTN deal a test case for eased FDI norms Financial Express
India rupee gains mirroring stocks; Asian currencies
Reuters India - 1 hour ago
MUMBAI, May 27 (Reuters) - The Indian rupee traded higher in afternoon session on Wednesday as gains in domestic equities raised hopes of more capital inflows and higher Asian units also underpinned sentiment.
Rupee snaps two-day fall Economic Times
Rupee, bonds end lower Moneycontrol.com
Ban on sugar futures positive for stocks: SP Tulsian
Moneycontrol.com - 4 hours ago
Amidst concerns that speculation is driving up sugar futures, the commodities regulator, the Forward Markets Commission (FMC), has banned sugar futures to curb sugar prices at the wholesale and retail levels.
India June sugar futures down 4 pct on trade curbs Reuters India
Ban on sugar futures jolts stocks, commexes Commodity Online
Sensex off day's high; up 360pts
Business Standard - 58 minutes ago
The Sensex touched a new low of 13780.41 and then zoomed to a high of 14009, up 420 points from the previous close. The index is now 366 points higher at 13955.
BSE Sensex to rise on strong global cues Reuters India
Monsoon loses pace, no advancement since Monday
Reuters India - 15 minutes ago
MUMBAI (Reuters) - The annual monsoon rains, which hit the country's mainland on Saturday, has lost pace and there has been no advancement for the last two days, the weather department said on its website on Wednesday.
Monsoon to arrive in UP before time Times of India
Aila delays onset of monsoon in state Indian Express
Simplex Infra bags Rs 400cr order; stk rises
Moneycontrol.com - 2 hours ago
Simplex Infrastructures touched an intraday high of Rs 379.95 and an intraday low of Rs 365. At 12:18 pm, the share was quoting at Rs 370.05, up Rs 11.25, or 3.14%.
IVRCL Infra bags orders worth Rs 299 cr from Bihar Govt Press Trust of India
ONGC jumps 5.54% on expectation of higher natural gas price
Myiris.com - 1 hour ago
Oil & Natural Gas Corporation, leading energy explorer, gained on Wednesday on media report that the government may double the price of natural gas.
Govt likely to double set price of natural gas Business Standard
Smoking ban yields rich dividends
Indian Express - 14 hours ago
While the Union Health Ministry waits for May 31 to put in practice its ambitious plan of pictorial warnings on all tobacco products, the move to ban smoking in public places seems to have paid rich dividends.
NIIT Tech rallies 5% despite dip in Q4 net
Business Standard - 3 hours ago
The stock opened up 3% at Rs 108 before surging 5% to a high of Rs 110. The stock is currently trading at the same level with 71819 shares traded on the BSE so far.
NIIT Technologies consolidated results FY 2008-09 Webnewswire.com
Pricing pressure will continue this year: NIIT Moneycontrol.com
Cummins India Q4 net profit at Rs 118 cr
Moneycontrol.com - 1 hour ago
Cummins India has announced its fourth quarter numbers, which were not comparable. Full year numbers of two subsidiaries Cummins Sales & Services (CSS) & Cummins Auto Services (CAS) which were amalgamated with Cummins in March'09 included in the ...
Cummins soars 7% on March 2009 results Business Standard
Cummins India zooms 8.03% on good result Myiris.com
Honda's 100 cc bike to be on a new platform
Sify - 2 hours ago
New Delhi: Honda Motorcycles and Scooters India says there will be no cannibalisation between its 100 cc bike and the existing models of its sister company, Hero Honda.
Honda Launches New CBF Stunner 125cc in India CarTradeIndia.com
Chandrasekaran to succeed Ramadorai as TCS chief
Moneycontrol.com - 6 hours ago
Tata Consultancy Services said on Tuesday that its current Chief Operating Officer (COO), Mr N. Chandrasekaran, will take over as Chief Executive Officer and Managing Director from October 6. He will replace the 64-year-old Mr S. Ramadorai who has been ...
Chandrasekaran to take over as TCS CEO Economic Times
TCS names Ramadorai successor Business Standard
GVK Reddy to help EMRI, brainchild of Satyam Raju
Economic Times - 1 hour ago
HYDERABAD: Eminent industrialist GVK Reddy has been unanimously elected chairman of Emergency Management Research Institute (EMRI), a brainchild of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju.
CM wants transparency in 108 services Express Buzz
CM tells GVK to take over EMRI Times of India
Bharti group JV enters food
Business Standard - 8 hours ago
The Mittal-promoted Bharti group - with interests in telecom, insurance, realty and retail - has ventured into the food and beverage (F&B) segment in partnership with Singapore-based Del Monte Pacific.
Bharti Enterprises launches 'Del Monte' products in Indian market HospitalityBizIndia
RCom shareholders okay demerger of optic fibre division
Business Standard - 21 hours ago
PTI / Mumbai May 26, 2009, 17:01 IST Anil Ambani group firm Reliance Communications (RCom) today said its shareholders have approved the demerger of its optic fibre division to its infrastructure division Reliance Infratel.
RCom shareholders okay demerger of optic fibre business Economic Times
Tata Comm plans to participate in WiMAX auction
Moneycontrol.com - 2 hours ago
Tata Communication announced its FY09 fourth quarter results today. The company's Q4 standalone net sales were down at Rs 886.93 crore versus Rs 990.24 crore, QoQ but its standalone net profit was up at Rs 302.37 crore versus Rs 80.95 crore, QoQ.
Tata Comm net grows 4-fold Business Standard
Tata Com posts 5-fold rise in Q4 net Times of India
Merkel Pressed to Pick Magna Over Fiat as Buyer of GM Opel Unit
Bloomberg - 1 hour ago
By Andreas Cremer and Tony Czuczka May 27 (Bloomberg) -- German Chancellor Angela Merkel will be pressed to choose Magna International Inc. as the buyer of General Motors Corp.
Crunch time nearing for GM Europe BBC News
Some State-Run Banks to Mull Lending Rate Cut
Wall Street Journal - 32 minutes ago
By NUPUR ACHARYA and SUBHADIP SIRCAR MUMBAI -- Two state-run Indian banks said Wednesday they may consider lowering their prime lending rates further, as the government and the central bank reiterated that banks need to reduce the cost of funds for ...
Likely interest rate cut will cheer entire industry Moneycontrol.com
Banks to cut rates by 100-150 bps: report India Infoline.com
Cyclone Aila death toll reaches 82, rescue onTimes of India - 15 hours ago 26 May 2009, 2232 hrs IST, PTI KOLKATA: A day after Cyclone Aila battered coastal West Bengal, especially 24 Parganas, uprooting trees, snapping power ... Video: Cyclone Floods Bangladesh, India The Associated Press Video: Cyclone Floods Bangladesh, India The Associated Press 'Over 200 killed' by Cyclone Aila BBC News Aila batters Darjeeling hillsTimes of India - 9 hours ago DARJEELING: A day after turning south Bengal into a lump of twisted mass, cyclone Aila travelled north and triggered torrential rain and landslides in the ... Toll at 81 as Aila hits North Bengal Indian Express Aila wreaks havoc in Darjeeling Merinews Shiver up the spine Calcutta Telegraph Cyclone Aila swallows Sunderbans tigersTimes of India - 11 hours ago KOLKATA: It's not just residents of Kolkata who bore the brunt of Cyclone Aila. Forest wardens fear that as the cyclone tore through the Sunderbans flooding ... Tigress enters home to escape cyclone fury Press Trust of India Sunderbans home hunt Calcutta Telegraph Cyclone Aila brings monsoon to North-EastTimes of India - 21 hours ago 26 May 2009, 1706 hrs IST, PTI GUWAHATI: Aided by cyclone Aila, monsoon has arrived in North-East a week before its scheduled date of June one, ... Aila! More rain today Calcutta Telegraph Mamata stays back, to take charge in city todayTimes of India - May 25, 2009 But Cyclone Aila changed everything. Mamata decided to stay back in Kolkata and assume charge as railway minister at Kolkata on Tuesday. ... Rail minister takes boat to nail Left in backwaters Indian Express Kolkata spared the fury of AILA MyNews.in Aila washes out Kolkata, city limps back to normalcyIBNLive.com - 12 hours ago Wind and rain caused by Cyclone Aila uprooted the tree and brought it down on Das' house on Monday evening. Now there is no electricity, water and the ... Aila aftermath The Statesman Dazed by Aila, Kolkata still reels on rubble Indian Express Pruning blamed for green massacre Times of India One killed in Cooch Behar as Aila wreaks havocThe Statesman - 12 hours ago COOCH BEHAR, 26 MAY: As cyclone Aila spawned by a deep depression in the Bay of Bengal pounded large parts of West Bengal yesterday, one person died and ... 2 die, huts flatten, power trips Calcutta Telegraph Aila brings more than damage in TamlukThe Statesman - 12 hours ago TAMLUK, 26 MAY: Cyclone Aila triggered a fresh controversy today between the district administration and the Trinamul Congress dominated Zilla Parishad over ... Aila delays onset of monsoon in stateIndian Express - 8 hours ago Though monsoon started in Kerala a week in advance, the cyclone Aila weakened the pressure. According to the Met officers, the cyclone has weakened the ... Monsoon to arrive in UP before time Times of India India: Cyclonic storm weakened into a deep depression over Sub ... ReliefWeb (press release) Heavy rains batter coastal OrissaExpress Buzz - May 26, 2009 BHUBANESWAR: Cyclone 'Aila' hit West Bengal coast near Diamond Harbour on Monday and moved into the land triggering heavy rains all along its way. ... Tidal waves lash Orissa coast The Statesman Orissa raises cyclone warning Times of India Tidal waves lash Orissa coast, no deaths reported Economic Times |
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andeshkhali - Wikipedia, the free encyclopedia
Sandeshkhali is considered a gateway to the Sundarbans. The area faces some challenges, as for example, trafficking in girls and use of non-conventional ...
en.wikipedia.org/wiki/Sandeshkhali - 66k - Cached - Similar pages -Sandeshkhali in India
Sandeshkhali is a small town in North 24 Parganas District of West Bengal. It is situated about 63 km south-east of Kolkata. Khulna (2 km west), ...
www.india9.com/i9show/Sandeshkhali-67888.htm - 6k - Cached - Similar pages -Sandeshkhali Map | India Google Satellite Maps
Sandeshkhali google map. Satellite image of Sandeshkhali, India and near destinations. Travel deals.
www.maplandia.com/india/west-bengal/north-24-panganas/sandeshkhali/ - 37k - Cached - Similar pages -Maps, Weather, and Airports for Sandeshkhali, India
Maps, weather and information about Sandeshkhali, India.
www.fallingrain.com/world/IN/28/Sandeshkhali.html - 5k - Cached - Similar pages -- [PDF]
Participatory Rural Development around Fisheries in Sandeshkhali ...
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The case of Sandeshkhali II SHGs is of an experiment in rural development ... Sandeshkhali II Panchayet Samiti and the local youths led by Dinabandhu ...
www.iimahd.ernet.in/download.php?downloadid=312 - Similar pages - Sandesh Khali
Sandesh Khali A township in the Sunderbans... ... p.o-sandesh khali p.s-sandesh khali dist-24 parganas(n) pin -743446. i living at katkhali. ...
wikimapia.org/1234039/Sandesh-Khali - 18k - Cached - Similar pages -SANDESHKHALI WEST BENGAL INDIA Geography Population Map cities ...
Sandeshkhali Coordinates UTM : XE97 Geographical coordinates in decimal degrees (WGS84 ... Google links for Sandeshkhali Geographical coordinates in degrees ...
www.tageo.com/index-e-in-v-28-d-m2929163.htm - 11k - Cached - Similar pages -HINDU SAMHATI: The Hindu Reaction in Sandeshkhali
In a remote village of Rajbari under the jurisdiction of Sandeshkhali police ... SANDESHKHALI. Posted by Hindu Samhati's International Communications Team ...
hindusamhati.blogspot.com/2008/12/hindu-reaction-in-sandeshkhali.html - 66k - Cached - Similar pages -HINDU SAMHATI: Hindu Samhati Warns Sandeshkhali (West Bengal) Police
Today (07-May-2009) over 300 activists of Hindu Samhati staged a strong demonstration at Sandeshkhali Police Station to protest the shameful inaction on the ...
hindusamhati.blogspot.com/2009/05/hindu-samhati-warns-sandeshkhali-west.html - 74k - Cached - Similar pages -
More results from hindusamhati.blogspot.com »Sandeshkhali assembly constituency seat election results
6 Apr 2009 ... Area -BR1. Bayermari-I, Bayermari-II, Hathgachhi, Nazat-I, Nazat-II,BRSarberia Agarhati, Sohara Radhanagar and Kalinagar GPs ofBRCDB ....
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Trail of destructionHindu - 13 hours ago BIG CALAMITY: People of a marooned village near Sandeshkhali of North 24 Parganas district in West Bengal move to safer places on Tuesday. ... Video: Cyclone Floods Bangladesh, India The Associated Press Video: Cyclone Floods Bangladesh, India The Associated Press Cyclone Aila batters Bengal, 21 killed Chandigarh Tribune 18 killed by cyclone in eastern India Philippine Star Cyclone Aila death toll rises to 168 in India, BangladeshMetro Canada - Ottawa - 42 minutes ago AP CALCUTTA, India - The death toll from Cyclone Aila in eastern India and Bangladesh rose to at least 168 on Wednesday, officials said, while heavy rains ... Day in picturesBBC News - 19 hours ago An Indian villager carries his possessions through the floodwaters at Sandeshkhali, some 100km (60 miles) south-east of Calcutta. India and Bangladesh have ... Mamata stays back, to take charge in city todayTimes of India - May 25, 2009 Eight BSF teams moved to Sagar, Namkhana, Patharpratima, Gosaba, Sandeshkhali. Hingalganj. Hasnabad and Basirhat in North and South 24-Parganas with boats, ... 20 killed, more than two lakh homelessCalcutta Telegraph - May 25, 2009 In Sandeshkhali, North 24-Parganas officials said a hundred people marooned by the waters of the swirling Vidyadhari would have to be airlifted. ... BSF men rescue thousands of stranded villagersTimes of India - 7 hours ago The worst-hit areas are Hingalgunge, Hasnabad and Sandeshkhali blocks I and II. All the BSF border outposts have been washed away and their wireless system ... Aggrieved villagers to stay awayThe Statesman - May 12, 2009 Unhappy with his performance, villagers of Sandeshkhali, Hingalganj, Hasnabad and Ramnagar areas have decided to boycott the Lok Sabha polls, alleging that ... In Basirhat, it's all about safe drinking waterThe Statesman - May 10, 2009 Electricity is not available in villages of Sandeshkhali. There are still many areas where people drink pond water. Foundation stone laying programme was ... IAF drops food in Aila-hit areasDeccan Herald - 13 hours ago Two Army columns, one each in Sandeshkhali and Kultali of North and South 24 Parganas districts, have been carrying out rescue and relief operations, ... Violence Straining At The LeashTimes of India - May 12, 2009 In the Agrahati area of Sandeshkhali, goons had already started threatening voters, he said. Both sides the ruling combine and the Opposition are trading ... Rain may play poll spoilsport Times of India |
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Mamata stays back, to take charge in city today
Times of India - May 25, 2009
Hingalganj. Hasnabad and Basirhat in North and South 24-Parganas with boats, medicines and supplies. "The army and the BSF are operating in co-ordination ...
a grim reminder of climate change
Sify - 18 hours ago
NGOs who work in the area said the main dykes in major islands such as Sagar, Patharpratima, Sandeshkhali I and II, Hingalganj, Kultoli, Mousuni and many ...
Cyclone toll rises to 62; rescue operations begin in WB
Indian Express - 20 hours ago
The army would also take up operations in Hingalganj in North 24 Parganas and Gosaba, Patharpratima and Sagardwip areas in South 24 Parganas.
Video: Cyclone Floods Bangladesh, India The Associated Press Video: Cyclone Floods Bangladesh, India The Associated Press
The Associated Press Video: Cyclone Floods Bangladesh, India The Associated Press Cyclone Aila batters Bengal, 21 killed Chandigarh Tribune
18 killed as Cyclone Aila lashes coast The Daily Star
Aggrieved villagers to stay away
The Statesman - May 12, 2009
Unhappy with his performance, villagers of Sandeshkhali, Hingalganj, Hasnabad and Ramnagar areas have decided to boycott the Lok Sabha polls, alleging that ...
In Basirhat, it's all about safe drinking water
The Statesman - May 10, 2009
Earlier the seat included Swarupnagar, Hasnabad and Bhangore Assembly segments along with the existing segments of Baduria, Haroa, Hingalganj and Basirhat. ...
Cyclone toll rises to 45; rescue operations begin in WB
Indian Express - May 26, 2009
The army would also take up operations in Hingalganj in North 24 Parganas and Gosaba, Patharpratima and Sagardwip areas in South 24 Railway minister Mamata ...
Cyclone Aila leaves 9 dead, 1 lakh affected in Bengal
Times of India - May 25, 2009
The army was moving into Sandeshkhali and Hingalganj in North 24 Parganas and at Sagardwip, Gosaba and Patharpratima in South 24 Parganas. ...
Results 1 - 10 of about 16,500 for Cyclone Blocker Mangrove. (0.30 seconds)
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Mangrove Action Project
World's largest mangrove forest ravaged by Bangladesh cyclone [93%] ... the largest single block of tidal halophytic mangrove forest in the world that is ...
www.mangroveactionproject.org/search?SearchableText=tidal - 40k - Cached - Similar pages -Point Counterpoint: Sunderban and our survival — Mangrove Action ...
28 Dec 2007 ... Wanduruppa, surrounded by degraded mangroves, was severely affected, with 5000 to 6000 people killed. The powerful cyclone that hit India's ...
www.mangroveactionproject.org/news/current_headlines/point-counterpoint-sunderban-and-our-survival/ - 30k - Cached - Similar pages -
More results from www.mangroveactionproject.org »Cyclones Ravage Land of Black Pagoda by VK Joshi
13 May 2007 ... Cyclones can not be wished away. But yes their fury can be abated to some extent, if we revive the nature's barriers, the mangroves. ...
www.boloji.com/environment/115.htm - 30k - Cached - Similar pages -Bangladesh's Sundarbans Mangrove
Yhe largest block of mangrove forests in world. ... Cyclone Cuts Trail of Destruction Through Bangladesh - 1100 Feared Dead · Bangladesh Cyclone Kills 242 ...
www.buzzle.com/articles/bangladeshs-sundarbans-mangrove.html - 17k - Cached - Similar pages -- [PDF]
LIVELIHOOD SECURITY IN EMERGENCIES: LEARNING FROM ORISSA SUPER ...
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villagers of Erasama Block after the cyclone. .... The challenge in future remains improving mangrove technology on production of ...
www.sphereproject.org/dmdocuments/Orrisa/Case%20Study_Actionaid.pdf - Similar pages - Are Myanmar's Storm Victims Suffering Needlessly? | Worldwatch ...
by Ben Block on May 9, 2008. Irrawaddy Delta As the floodwaters of Cyclone Nargis began to recede from Myanmar's low-lying Irrawaddy Delta this week, ...
www.worldwatch.org/node/5740 - 19k - Cached - Similar pages -Wildlife Biodiversity Conservation: Proceedings of the "National ... - Google Books Result
by Mallapureddi Vikram Reddy, Pondicherry University - 2008
It has been proven during the last super cyclone of 1999, when most of the other tree formations along the coast gave into super-cyclone the mangroves ...
books.google.co.in/books?isbn=817035529X... -Experts Say Deforestation Caused Cyclone Havoc in India
destroyed in the state's coastal region. Mangrove forests and sanddunes had all along protected the state from frequent cyclones. But local politicians ...
forests.org/archive/asia/expsayde.htm - 6k - Cached - Similar pages -Livelihood Security In Emergencies - Learning From Orissa Super ...
Super Cyclone - the worst natural disaster after the great Bengal famine 14 Coastal .... The challenge in future remains improving mangrove technology on ... area in Erasama Block suffers from soil erosion, water logging and salinity. ...
www.slideshare.net/siddharth4mba/livelihood-security-in-emergencies-learning-from-orissa-super-cyclone - 84k - Cached - Similar pages -Worldchanging: Bright Green: Are Myanmar's Storm Victims Suffering ...
As the floodwaters of Cyclone Nargis began to recede from Myanmar's low-lying ... "The mangrove forests, which used to serve as buffer between the rising tide, ... Ben Block is a staff writer with the Worldwatch Institute who covers ...
www.worldchanging.com/archives//008019.html - 41k - Cached - Similar pages -
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