Troubled Galaxy destroyed Dreams, chapter 390
Palash Biswas
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Who Pays for MILITARY Option, Zero Tolerance and Internal Security ...
and fund trans-national terrorism against India as an instrument of state ...... In the same way how may we defend on Military Option and zero Tolerance ...
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| Mahato cash trail to city - 50 Calcuttans on 'sympathiser' list | |
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Calcutta, Sept. 30: Investigators in Bengal have turned their attention to the finances of Maoists and their sympathisers, the money trail acquiring a dramatic edge following an unverified police claim that a key suspect has a life insurance policy for Rs 1 crore. The police today said Chhatradhar Mahato, the leader of the Maoist-backed People's Committee Against Police Atrocities, had taken such a policy and also owned a house in Mayurbhanj in Orissa. If the claims — the possession of neither is illegal — are established, it will raise the disturbing question of where Mahato found the money to sustain both. A Rs 1 crore insurance policy usually requires payment of an annual premium between Rs 12 lakh and Rs 15 lakh. Mahato's known source of income is trading in sal leaves, which under normal circumstances is not known to yield such amounts. However, the police clarified that the disclosure had been made by Mahato, who was arrested by officers posing as media persons on Saturday, during interrogation and it had not been verified yet. "Chhatradhar said during interrogation that he has a Rs 1-crore insurance policy and owns a house in Mayurbhanj. However, we are yet to verify his statements. We will also scrutinise documents," said the state's director-general of police, Bhupinder Singh. However, the police appear to have got more concrete leads on 160 suspected sympathisers of the committee. The committee is not banned but the police could act against the sympathisers if it is found that their money is being used to perpetrate violence or wage war against the state. The CPI (Maoist) is also not outlawed in the state, though a national ban is in place. Armed with the leads provided by Mahato, the police arrested Sukhshanti Baskey, treasurer of the committee, from Lalgarh today. One of the charges slapped on Sukhshanti is extortion. The list of 160 sympathisers who allegedly offered money or support in other forms to the committee has been prepared. "We have come to know that there are more than 50 persons from Calcutta who helped the committee by donating money," said a CID officer. Echoing the CID officer, Singh said a number of persons, who are not residents of Lalgarh, were in touch with the committee members regularly. "We have information that a sympathiser from Calcutta had donated Rs 1.25 lakh to the committee fund," the director-general added. A police source said the committee needed funds to run "community kitchens for thousands of tribals who participate in rallies". Aware of the implications of an immediate crackdown, the police clarified that they would ascertain the extent of the sympathisers' links with Maoists before deciding on the next move. Singh said Mahato told the police there were bank accounts in the name of the committee in Jhargram. "He told us about bank accounts in the name of the committee in various branches in Jhargram," the police chief said. The police claimed Mahato had told them he was in touch with his brother and Maoist action squad member Sasadhar and other Maoist leaders, including Kishanji and Bikash. Earlier, the Intelligence Branch had said Bikash and Sasadhar were the same person. http://www.telegraphindia.com/1091001/jsp/frontpage/story_11560917.jsp
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| 'Tibet' topples 'China' in Delhi | |
| NISHIT DHOLABHAI | |
| New Delhi, Sept. 30: On the eve of the 60th anniversary of the People's Republic of China, India has played with a combustible word that could ignite fireworks of a different kind in Beijing. A monthly report card re leased by home minister P. Chidambaram today men tions construction "on the Indo-Tibet border", a depar ture from the official "Indo- China border". "On the Indo-Tibet border, work on construction of 10 roads totalling 196km is under progress. 45.27km of formati on works and 4.77km of surfa cing works were completed in September," he said, reading from a written statement. If Chinese antennae live up to their reputation and pick up the variation, it will coin cide with the People's Libera tion Army's mar-ch and | other celebrations in Beijing tomorrow. India has officially said several times that it considers Ti-bet an integral part of Chi na. Beijing does not appro-ve of India's asylum to the Dalai Lama, and New Delhi has more or less ensured that the refer ences to Tibet do not nettle Beijing beyond a point. However, with the recent but vigorously denied reports of incursions by China, the Centre is also under pressure to be seen as being firm. Until last month, the parl ance was on conventional lines. "On the Indo-China bor der, 35.63km of formation works and 2.82km of surfacing works were completed," the home minister had stated in his report card for August. So was the case in July. "On the Indo-China border", 35.63km of formation works were completed, the home ministry had said. In official communication, the government refers to the international border as the "Indo-China" border and not "Indo-Tibet border", a home ministry official said. A stickler for details, Chi dambaram is known to check every word of important com munication. Semantics are a key feature in international relations, especially when an inscrutable customer like China is involved. Even if the variation was an error made somewhere do- wn the line, till late tonight there was no clarification from the home ministry. It re mains to be seen what the re sponse will be if China makes it an issue. http://www.telegraphindia.com/1091001/jsp/frontpage/story_11560816.jsp | |
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 Indian concerns on Visas to Kashmiris conveyed to China India conveyed its "well-justified concern" to Chinese govt over issue of separate visas to Indian passport holders from Jammu and Kashmir.  More than 18,000 H-1B visas still to be filled up This is for the first time in many years that thousands of H-1B visas are still to be filled up even at the start of financial year.  Visa applications of unskilled workers not to be encouraged Government on Wednesday made it clear that visa applications of unskilled or semi-skilled workers wanting to come to India will not be encouraged.  Indian immigrants in UK face discrimination NRI forum HSMP accused UK authorities of forcing migrants to pay excessive fees for Home Office services.  India to Chinese investors: No more visas, hire Indians Chinese investors should employ more Indians to run their projects in India instead of carrying large number of workers from China.  Students applying for UK Visa need funds 28 days in advance Students applying for Tier 4 Visa to study in Britain will now have to show that they have the required funds in their personal or their parents'/legal guardians' bank account for a minimum period of 28 days in advance  Chinese workers get extra time to convert visa Indian government has accepted China's request for a month's extension of the September 30 deadline for its citizens employed here to convert their business visas into employment visas.  China to miss employment visa deadline, seeks more time China has sought more time for nearly 25,000 of its citizens, who are working on various Indian projects, for visa conversion from business to employment.  Faster visa to US under Delhi consular section The US Ambassador to India, Timothy Roemer on Monday inaugurated the US Embassy's new Consular (visa) section in New Delhi.  New UK migration move to hit Indian professionals Indian professionals who move to Britain on inter-company transfers will no longer be eligible for permanent settlement. Forex Converter I Know about NRE/ NRO A/c  Now seven-point action plan to stop illegal migration According to the ministry release, there was a consensus that the state governments and the MOIA need to make concerted efforts to resolve issues relating to overseas Indians as well as prospective emigrants.  UK work window for IT professionals turns smaller UK , one of the top markets for Indian outsourcing firms, on Tuesday accepted recommendations of the Migration Advisory Committee.  H1B visa quota still short by 20,000 in the US About 20,000 H-1B visas are still up for grabs in the US which is struggling to fill up the allocated number of 65,000. NRE/ NRO A/c | Wanna study abroad? Read this  Nasscom proposes new service visa to replace H-1B to end abuse The country's software industry body Nasscom has proposed a new category of service visas for the US to replace the controversial H-1B visa.  Net migration to UK falls to lowest in five years The results come a year after the govt introduced an Australian-style points-based vetting system for foreign workers coming to the UK. Home calling | Forex Converter |
It's advantage Bharti in short-term
The deal, had it been struck, would have given Bharti an easy access to the fast growing African telecom market. A merger with MTN, which provides services to 20 regions in the African continent, would have also addressed worries of a gradual saturation in the local markets for Bharti.
"This opportunity is lost and there doesn't seem to be any equally promising opportunity on the horizon," says Girish Trivedi, deputy director, ICT practice of Frost & Sullivan, South Asia & Middle East. The average revenue per user (or ARPU) in India is one of the lowest in the world and has been sliding rapidly. The entry of several new operators is likely to make it worse. Against this backdrop, it is incumbent on the part of Bharti to diversify its business portfolio across con-tinents.
One way to tackle this, says Mr Trivedi is to scout for smaller players region by region. A major benefit of this strategy is that small deals will not lead to an increase in debt on the books of Bharti. With a debt pile up of $4 billion, the Bharti-MTN deal would have weighed heavily on the Indian teleco's balance sheet.
In the short run, however, the outlook is more positive as Bharti's exposure to debt financing will not increase, leaving its solvency ratios unchanged. This will also leave resources free for Bharti to explore 3G related opportunities in the domestic market and to expand its operations in Sri Lanka.
On Wednesday, MTN stock price plunged on the Johannesburg exchange after the announcement of break-up . How will the Indian market react on Thursday ? India Infoline's telecom analyst Bhavesh Gandhi reckons that markets may look at the news positively though a price shock during opening may be possible.
Bharti's scrip looks quite strong on the technical charts with support expected to come from Rs 413 to Rs 409. On the upside, the resistance of Rs 423 looks easy to break and if that happens, the stock can scale towards Rs 432. Bharti's stock ended flat at Rs 416 on Wednesday.
Fiscal deficit in the April-September period stood at Rs 1,82,290 crore, which is 45.5% of the budget estimate for the current fiscal. In the same period a year ago, it had scaled 87% of the budget
Revenue receipts during the period fell marginally to Rs 1,57,198 crore from last year's Rs 1,61,511 crore even as the economy continued to sail through an economic downturn. Expenditure, meanwhile, rose 22% to Rs 3,43,323 crore in the five months from the same period a year.
Revenue deficit for the five months stood at over Rs 1,55,000 crore, about 55% of the budget estimate for the current fiscal.
Bharti, India's largest mobile operator, blamed the South African government for the breakdown in the planned $24 billion deal which faced close scrutiny from regulators and politicians. The transaction could have led to a full-blown merger.
"Castles in France. Islands in the Caribbean. Private jets. With a collective $1.27 trillion at their disposal, the members of the Forbes 400 could buy almost anything," business magazine
"How about a country? A quick glance at the CIA Fact Book (which chronicles economic, demographic and other details of all the countries) suggests the individual fortunes of many Forbes 400 members are as big as some of the world's economies," the magazine further noted.
"Bill Gates, America's richest man with a net worth of $50 billion, has a personal balance sheet larger than the gross domestic product (GDP) of 140 countries, including Costa Rica, El Salvador, Bolivia and Uruguay.
"The Microsoft visionary's nest egg is just short of the GDP of Tanzania and Burma," it added.
Although his wealth has fallen by $7 billion dollars in a year, Gates has retained his title as the richest American for 16th year in a row.
Gates' friend and legendary investor Warren Buffett, ranked second richest with a wealth of $40 billion, lost $10 billion in a year and is the biggest loser on the list.
Still, he has a fortune equivalent to the size of North Korea's economy, Forbes said, but noted that "The Oracle of Omaha probably would steer clear of that investment, though."
The publication further said that one of the Forbes 400 members actually runs "a small chunk of a state in an official capacity: Mayor Michael Bloomberg."
"While he is busy serving as the chief executive of New York City and grappling with its sluggish economy, his own personal balance sheet--amassed through financial information services and media company Bloomberg LP--equals the value of all the goods and services produced in South Africa's Republic of Zambia's ($17.5 billion)."
| South Africa was eager to retain MTN's local management and homegrown character and had approached Indian authorities to consider a dual-listed entity, a structure Indian law does not allow. "We hope the South African government will review its position in the future and allow both companies an opportunity to re-engage," Bharti said, adding it would continue to explore international expansion opportunities. MTN said in a statement that the two groups were not able to conclude a deal within the economic, legal and regulatory framework in which both operated. |
Shares in MTN, Africa's biggest mobile operator by subscribers with a market value of about $31 billion, fell as much as 3.5 percent to 119 rand after the news.
The rand fell as much as 2.56 percent to 7.62 against the dollar, according to Reuters data. Possible foreign exchange inflows to South Africa from the deal had helped push the rand more than 20 percent firmer against the dollar so far this year.
Ahead of the news, shares in Bharti closed 0.1 percent lower in a market that rose 1.6 percent.
South Africa's National Treasury said the transaction required exchange control and other approvals but added that it and India's Finance Ministry were committed to working together to lay the basis to develop mechanisms for future mergers.
"In principle, the South African government is supportive of local companies that want to grow and diversify offshore from a domestic base," the Treasury said.
NO UNDUE INFLUENCE ON S.AFRICA
Analysts said they did not see undue influence on the South African government from its labour and communist allies to halt the proposed MTN-Bharti deal.
"We stand by our previous view that there has not been any undue influence from the left around this deal and the government's demands were not unreasonable given Bharti did not propose to have majority ownership," said Peter Attard-Montalto, Emerging Markets Economist at Nomura International in London.
The global economy is expanding again and financial conditions have improved significantly, the International Monetary Fund (IMF) has said.BBC reprts.
The collapse of tie-up talks between Bharti Airtel and MTN is expected to be only a temporary setback for Sunil Mittal, who has come
After the wedding of his only daughter in June, the corporate marriage between billionaire Mittal's flagship Bharti and South Africa's MTN to create an emerging markets mobile giant would have capped a memorable year for him.
Instead, talks to create the world's third-largest mobile operator collapsed on Wednesday for the second time in just over a year.
"He has lost a battle but the war is far from over," said London-based Bundeep Singh Rangar, chairman of cross-border M&A advisory IndusView Advisors. "This will not affect his global ambitions, though it has been thwarted for the time being."
Analysts say Mittal will continue to look for an international footprint with a likely target seen in Kuwait's Zain and Sweden's Millicom.
"He clearly wants to scale up and knows he needs to go outside India as well," said a banker who has worked with Bharti but was not involved in the MTN talks.
"May be he will temper his global ambition for now, but that will strengthen his aim to be at least a regional powerhouse."
The MTN deal structure was complex from the beginning with a slew of legal, regulatory and political issues, but Mittal was keen to seal the deal and made several rounds of the corridors of power to get the Indian government's support.
Mittal was also aware of the complexities that could sink the talks.
"We are building a pertnership here. We may agree to disagree," he told the ET Now channel in an interview in August. "We may not get this deal done. If it happens great... If it doesn't, then we move on to something else.
"It would be a disappointment but no pain."
EXPANSION SPREE
Mittal, 51, who started his career selling bicycle parts after he graduated from university in the northern state of Punjab, saw an opportunity in Indian telecoms when the sector was being opened up for private participation in the mid-1990s.
Bharti was a rank outsider in a business that attracted many of India's mightiest corporate groups including the Tatas, the Birlas and Reliance.
Nobody gave his company, armed with just one licence to operate a mobile network in Delhi and whose only association with telecoms was making push-button telephones, much hope. Mittal kept on buying stakes and icences to expand Bharti's coverage nationwide, building the leading mobile operator with nearly a quarter of the world's fastest-growing wireless market.
On his ambitious expansion spree, Mittal roped in some of the best known names to the company. Singapore Telecommunications, Southeast Asia's biggest phone firm, owns about 30.4 percent stake in Bharti Airtel.
Bharti Airtel recently started a mobile operation in Sri Lanka and parent Bharti Enterprises has been running mobile services in the Seychelles and the British Channel Islands.
Mittal has built a diversified group with interests including retail and financial services, and has already partnered global names such as Wal-Mart, Axa and Del Monte Pacific across his businesses. Mittal is the second of three sons of a politician. His brothers are involved in the business. A yoga and golf enthusiast, he has been conferred with India's prestigious civilian award "Padma Bhushan".
India's factory output rose in September and inflation accelerated on robust domestic demand, a trend analysts said could
The HSBC Markit Purchasing Managers' Index (PMI), based on a survey of 500 companies, rose to 55 in September from 53.2 in August, reflecting domestic demand and robust factory orders picked up.
The index has been above 50, which separates expansion from contraction, for six months. Before that, it shrank for five consecutive months through March, hitting a trough of 44.4 in December 2008.
"It is encouraging to see the PMI index move up again in September after last month's decline, allaying fears that the industrial cycle has peaked," said Robert Prior-Wandesforde, senior Asia economist at HSBC.
"Given that the full effects of the monetary and fiscal stimulus have still to be felt, while oil-and-gas output is set to rise and the regional, world trade cycle should improve, we are confident that industrial growth will not just remain firm but trend higher from here," he said.
Wandersforde said the positive drivers for industrial growth should more than offset the negative effects of the drought.
On Thursday, the International Monetary Fund lowered India's 2010 growth forecast to 6.4 percent from 6.5 percent but raised China's growth outlook. It said the two economies would lead Asia's expansion next year.
Separate Indian data showed exports fell in August by nearly a fifth from a year earlier, its 11th straight month of decline.
| Also Read |
| → Fiscal gap at 45.5% of BE |
| → External debt goes up marginally to $228 bn |
| → IMF forecasts 2010 India GDP +6.4 pc |
| → Inflation at 0.83% on Sept 19: Govt |
PRICE PRESSURES
The worst dry spell in nearly four decades have pushed up food prices by 16.3 percent by mid September, which helped in pushing up the overall wholesale price index to 0.83 percent above market expectation.
"Inflationary pressures are building up and we would see firms passing on these cost increases, and if they don't there will be pressure on their margins," said Sonal Varma, an economist at Nomura.
"From the policy perspective, there is a clear concern and once we see a durable pick-up in growth, there would be a shift in the policy. We expect rate hikes starting from the January-March quarter," she added.
But policy makers are not yet certain when to withdraw the stimulus measures, as patchy monsoon rains have raised doubts about the economic outlook.
The Reserve Bank of India has slashed its key lending rate by 425 basis points between October and April, to help revive growth in the economy hit hard by the global slowdown.
The economy grew by 6.7 percent in 2008/09 (April/March), sharply lower than 9 percent or more in the previous three years. The central bank estimates it to grow a little more than 6 percent in 2009/10.
But in its latest World Economic Outlook, the IMF said the "pace of recovery is expected to be slow".
It added that the recovery is likely to be "insufficient to decrease unemployment for quite some time".
On Wednesday, the IMF cut its forecast for the amount that banks are likely to lose in bad loans and investments.
The total it expects banks to lose between 2007 and 2010 is now $3.4tn (£2.1tn), down from its previous estimate of $4tn.
This reduction is a direct result of the improved outlook for the global economy.
Recovery risks
The global recovery is being led by Asia, where economies have "withstood the financial turmoil much better than expected," the IMF said.
 | IMF FORECASTS 2009/2010 US -2.7%/1.5% Japan -5.4%/1.7% Canada -2.5%/2.1% UK -4.4%/0.9% Germany -5.3%/0.3% France -2.4/0.9 Italy -5.1%/0.2% Spain -3.8%/-0.7% Source: International Monetary Fund |
But gains are now being seen in developed economies, where "financial market sentiment and risk appetite have rebounded", it added.
Despite the improved outlook, however, the fund said there were a number of risks to the recovery.
It cited major government stimulus packages, central bank support and restocking by companies that have run down inventories as three temporary factors that "will diminish during the course of 2010".
It also highlighted the fact that banks are being forced to hold more cash in reserve, which will limit the amount of credit available "for the remainder of 2009 and into 2010".
With less money available to companies and individuals to borrow, and therefore invest, demand may be stifled.
Most serious, it concluded, was the fact that "private demand in advanced economies remains very weak".
Increased growth
The IMF predicts that the US economy will contract by 2.7% in 2009, before growing by 1.5% next year.
The eurozone, it thinks, will shrink by 4.2% this year and grow by 0.3% in 2010.
It has upgraded its forecast for UK economic growth to 0.9% next year, up from a previous estimate of 0.2%. This puts the UK top of Europe's leading economies for growth in 2010, alongside France.
The German economy, the IMF thinks, will grow 0.3% next year, while the Spanish economy will shrink by 0.7%.
The world's fastest-growing economy in 2010 will be Singapore, which will expand by 4.1%, closely followed by Taiwan, Slovakia, South Korea and Hong Kong, according to the fund.
Is the market nearing bubble zone?
After two days of mild correction, bulls on Dalal Street are back in business with the markets soaring again. However, with each progressive rise
This is just a notch below the all time Price Earnings (PE) multiple of close to 28 witnessed at the peak of the previous stock market booms in early 2000 and late 2008. Could this be history repeating itself?
This should not come as a surprise to old timers on the Street. Financial markets have a tendency to oscillate around historical means. This is evident in the chart above where we have plotted Nifty movements during the last 10 years against corresponding ups and down in its price to earning multiples. As the chart shows, Indian equity markets have a history of hitting extremes in terms of valuations.
Currently, the Nifty is trading at close to 23 times that of earnings per share (based on the earnings of companies that comprise 50 stock Nifty) in the last four trailing quarters. This is around 25% higher than the Nifty 10-year average (median) valuations of around 16-17 times preceding year's earnings. Only twice in the last 10 years has Nifty been more valuable and both these occasions — the dotcom boom of 2000 and the credit boom of late 2007 — turned out to be bubbles that burst. On six other occasions, which may be described as normal times, the market has faced a strong resistance at a P/E multiple of around 20 and corrected subsequently.
However, bulls never give up without a decent fight. In early 2004, the tussle between the bulls and the bear dragged on for nearly four months. Finally, bears had the upper hand and the market tanked by close to 30% and valuations were low enough to fuel accumulation that set the stage for a bull run. A similar duel was seen in late 2006 and early 2007.
At its peak in October 2006, the market's PE multiple touched 22 when Nifty crossed 4200. The market is once again poised at a similar juncture. The PE multiple appears to be entering the bubble zone. There are only two outcomes from here — either the market corrects so that valuations are back to the historical averages, or bulls gain full control of the street and the valuations enter the bubble zone. While both outcomes are equally plausible, bulls will need some bit of help from the boardrooms of India Inc besides purchasing power (or liquidity).
Earnings growth need to pick up fast, otherwise the valuation will keep on getting dearer, pushing the market closer to the bubble zone. However, the earnings outlook is far from rosy. Earnings growth in the June 2009 quarter was driven by operational leverages in the form lower raw material and finance cost. This will run its course by the September 2009 quarter. After which the earnings growth will be driven by revenue (read demand) growth, which will be tougher to achieve.
Reliance dispute may hit investor mood: Government
NEW DELHI: Foreign firms considering oil and gas exploration in India may be less enthusiastic this year because of global financial problems
India regularly offers exploration blocks under the New Exploration Licensing Policy as its seeks foreign capital and expertise to improve domestic oil output, which barely meets 30 percent of the demand.
Asked if the gas supply dispute between Mukesh Ambani, who controls Reliance Industries and his brother Anil, would hit investor response to the current NELP round, Sibal said: "Any fight between corporates has a negative impact. No fight has a positive impact."
Japan faces entrepreneurs' block; looks at India for ideas
NEW DELHI: A trip to Japan early this year was an eye-opener for Kanwal Rekhi, Silicon Valley-based Indian serial
"I found it difficult to believe," Mr Rekhi, who went to Japan on an invitation from Keio University in Tokyo and Kyushu University to speak on entrepreneurship, told ET during his transit in Delhi. Indeed, anyone would, considering the fact that Japan is home to some of the largest and most respected consumer brands such as Sony and Panasonic, Toyota and Honda.
The world's second-largest economy is facing several adversities on the entrepreneurial front. The youth in Japan is risk-averse and more oriented towards taking up jobs with large MNCs. Its ageing population is not helping the cause either.
"Failure is a big stigma in Japan. This is a big hurdle to entrepreneurship," said Sanjeev Sinha, president of Sun and Sands Advisors, a consultancy that facilitates Indo-Japanese business tie-ups.
Japan today is a far cry from what it was in 1950s and through the 1960s, 1970s and 1980s. The economic growth rate has been in single-digits for the best part of 20 years. According to a Global Entrepreneurship Monitor report of 2008, early-stage entrepreneurial activity in Japan is 5.4% compared with India's 11.5%. The report studied entrepreneurial activity among those aged 18-64 in 43 nations in 2008.
Japan's interest in Indian entrepreneurship has been palpable in the past few years. At a function in Tokyo early this year, former CEO of Sony, Nobuyuki Idei, an influential figure in Japanese business circles, had said India has a key role in promoting entrepreneurship in Japan.
The Indian economy, which was liberalised only in 1991, grew at an average rate of 5.7% till FY03, before growth picked up pace. It clocked growth rates above 9% for three consecutive years till FY08 and managed a respectable 6.7% growth in the year ended March 2009, when most other major economies were under the grip of a global recession.
"After liberalisation, entrepreneurship got unleashed in India. The fast pace of growth witnessed by the country was spurred by sound government policies and the entrepreneurial spirit unleashed by it," said Dinesh Awasthi, director of Ahmedabad-based Entrepreneurship Development Institute.
It is evident that Japan's sluggish economy can recover only if there is a pickup in entrepreneurship, similar to what happened in India in the past two decades. "It's a serious issue," explained Dave Mori, founder of Entrepreneur Association of Tokyo.
"We can hardly cite any new corporation that has come up after the 1950s, when the Sonys and Hondas were set up. The Japanese economy needs a lot more entrepreneurial activity to be able to grow faster," he said. Mr Mori recalled that when he came to Japan about seven years ago, there was little support for entrepreneurs in the country.
| Maoist 'law enforcers' murder at will Party trio executed | ||||||
| OUR CORRESPONDENT | ||||||
Salboni, Sept. 30: Maoists today executed three CPM supporters, delivering the verdicts of a kangaroo court to the victims' homes and force-marching them to their deaths in a nearby forest in West Midnapore. The three, dubbed "police informers", were dragged away in front of their family members and at least one of the victim was tied up with his wife's sari before being shot behind the head. About 50 armed guerrillas entered the houses of Anadi Mahato, 45, a member of Lalgeria Gram Panchayat, Bhakti Mahato, 38, and Radhanath Mahato, 42 — all CPM supporters — and took them to the Abhoya forest near Ranja village. The Maoists entered the village around 1.30am and first went to Anadi's house. Anadi's son, Chiranjib, a Madhyamik candidate, said he and his parents were sleeping when the Maoists started banging the main door. "We did not want to open the door. But they shouted that they would break the door, set fire to the house and burn us all alive. My father then opened the door and tried to escape. But the Maoists caught him and tied his hands behind his back," said Chiranjib. The group then went to Bhakti's house, taking Anadi along. Bhakti and his wife Bharati had already woken up, hearing shouts outside. "We watched the Maoists through our window. They knocked on the door and my husband asked me to open it. As soon as I opened the door, Maoists caught my husband and tied him up. When I asked them 'why are you doing this to him?' they told me that he had already been tried and a judgment had been delivered. The women in the squad pulled me away from my husband and they dragged him outside," said Bharati. After this, the Maoists marched to Radhanath's house. Radhanath, his wife Bhabani and two sons — Babu, 12, and Bapi, 6 — were sleeping when the Maoists kicked the door open and barged into the house. "Then they dragged out my husband from the bed," said Bhabani. Realising that the Maoists had come to kill her husband, Bhabani clutched him in a tight embrace and urged the rebels to spare him. "They told me that my husband had already been tried. They also told me that my husband would be released soon. They asked for a sari from me and tied up my husband's hands behind his back with it," said Bhabani. Anadi, Bhakti and Radhanath were led to the Goaltore-Pirakata Road, 500 metres away, where they were asked to kneel down. Then each was shot behind their head from point-blank range. Maoists have killed 47 people in West Midnapore, Bankura and Purulia since June 29. http://www.telegraphindia.com/1091001/jsp/bengal/story_11560307.jsp
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Israel prepares for battle over war crimes claims
The Associated Press - - 5 minutes ago Tipped off to his visit, two Palestinian human rights groups put together a case against him. Barak termed the attempt "absurd. ... Move to arrest Israeli defense minister in Britain fails Birmingham Star Human rights: Don't go wobbly on Burma's junta
Boston Globe - 10 hours ago ... the International Human Rights Clinic at Harvard Law School. Citing United Nations documentation of the systemic use of rape as a weapon of war against ... Understanding Myanmar Council on Foreign Relations Direct Talks Will Test Junta's Intentions: US The Irrawaddy News Magazine US: talks with Myanmar won't replace sanctions The Associated Press The clever way to impose sanctions on Iran
Telegraph.co.uk - - Sep 29, 2009 Hundreds of others stand falsely accused, helplessly awaiting trial without rights or representation. Human Rights Watch and the International Campaign for ... Video: Israel pays close attention as Iran nuclear talks set to start
worldfocusonline Video: Israel pays close attention as Iran nuclear talks set to start worldfocusonline War Crimes Impunity Impedes Mideast Peace - Goldstone
New York Times - - Sep 29, 2009 Israel says its December-January offensive against the Gaza strip was intended to stop militants firing rockets at Israel. Israeli human rights group ... UN Report Calls for Investigation Into Alleged War Crimes in Gaza Voice of America Bid to arrest Ehud Barak in Britain rejected The Associated Press Hillary Clinton leads UN fight against rape in war
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China marks Communist anniversary
China's 60th anniversary parade
China is staging mass celebrations to mark 60 years since the Communist Party came to power.
Vast lines of tanks, soldiers and missile launchers are being paraded through the capital Beijing.
President Hu Jintao has appeared on the rostrum at Tiananmen Square in a black Mao-style tunic, seen by analysts as a symbol of his control of the military.
He was joined by his predecessor Jiang Zemin, Premier Wen Jiabao and other senior leaders.
After a 60-gun salute, the Chinese flag was formally raised in the centre of the historic square - where revolutionary leader Mao Zedong proclaimed the founding of the People's Republic of China on 1 October 1949.
The military parade, expected to show previously unseen missile technology, followed a drive-by inspection of the armed forces and a speech by President Hu which lauded China's progress.
The president, speaking from the same spot where Mao Zedong had stood 60 years ago, claimed China had a bright future, had made global economic strides and would unite all cultures and ethnicities within it.
High security
|  John Simpson on China's changes/CPS:LINK>  |
Security forces have been deployed in force across Beijing, ahead of a pageant featuring ordinary citizens, which will also take place in Tiananmen Square.
Some 30,000 people have been invited to watch the events, but others are being encouraged to stay at home and watch it on TV to "avoid complications".
Armed police in body armour have taken up positions at major road junctions in the capital, with snipers spotted on buildings along the parade route on Chang'an Avenue.
Roads have been blocked off, the international airport closed and the subway disrupted.
Many shops and businesses have been closed along the route and a new portrait of Mao Zedong has been installed in Tiananmen Square.
President Hu Jintao said China would ''push forward the peaceful development of relations across the Taiwan Strait''
Some reports say the extravaganza will use twice as many fireworks as featured in the opening ceremony to last year's Olympic Games.
National Day is an annual highlight for the Chinese government, but extra effort has been made to mark the 60th anniversary of what China sees as the start of its transformation from an impoverished country into a global contender.
On the eve of the festivities, the country's leaders held a dinner for 4,000 people in the Great Hall of the People in Beijing.
Premier Wen Jiabao praised China's development and said he was looking forward to celebrating "the centenary of New China" in 40 years' time.
Audio slideshow 60 years of propaganda and culture in Communist China
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Indonesia quake deaths pass 500
| Advertisement Footage of a woman being rescued was shown on Indonesian television At least 529 people are now known to have died in a powerful quake that struck the Indonesian island of Sumatra on Wednesday, the government says. Rescuers struggled on Thursday to find survivors in the rubble of hundreds of collapsed buildings. More than 400 people have been seriously injured, and the death toll is expected to rise, officials say. The 7.6-magnitude quake struck close to the city of Padang, the capital of West Sumatra province. The earthquake brought down hospitals, schools and shopping malls, cut power lines and triggered landslides.
The social affairs ministry gave the latest confirmed death toll of 529, but Rustam Pakaya, head of the health ministry's disaster centre in Jakarta, said: "Our prediction is that thousands have died." A second quake of 6.8 struck close to Padang at 0852 local time (0152 GMT) on Thursday but there were no immediate reports of casualties or damage. Heavy machinery The first earthquake struck at 1716 local time (1016 GMT) on Wednesday, some 85km (55 miles) under the sea, north-west of Padang, the US Geological Survey said. One of the worst disasters appeared to be the collapse of a school in Padang. One mother, Andriana, told AFP news agency she had been at the school since the first quake occurred, hoping for news of her 14-year-old daughter. "I haven't been home yet and keep praying to God my daughter is alive." Police said nine children had been found alive but that eight bodies had also been pulled from the rubble so far.
David Lange, a doctor with Surfaid International, told the BBC one of the hospitals was "completely destroyed". "They are trying to operate in the parking lot, in a tent, in the mud." Earlier Priyadi Kardono, a spokesman for Indonesia's National Disaster Agency, said more than 500 houses and buildings had collapsed. The quake brought down telephone lines, severely affecting communications with the region and making it difficult to assess the scale of the damage. Health ministry teams and Indonesian soldiers have arrived in Padang to aid the search for survivors. A shortage of heavy machinery remains a problem. The first flights carrying food, medicine and body bags have started to arrive. Tents and blankets were also on their way to help the homeless, the health ministry said. Padang's main hospital received a stream of ambulances bringing in victims. Relatives searched through lists of names pinned on windows. Indonesian President Susilo Bambang Yudhoyono is now flying to Padang. "Let's not underestimate [the disaster]," he said as he left Jakarta. "Let's be prepared for the worst. We will do everything we can to help the victims." Burning buildings Witnesses to the first quake said residents ran out of buildings in Padang - which has a population of 900,000 - and surrounding cities.
An American in Padang, Greg Hunt, told Reuters this was the worst earthquake he had experienced. "It's getting nasty in town. It's chaos. There's no fuel, people are looting. It's getting worse because people have no food, no money. "There's thousands trying to leave town, the roads are blocked." Australia has offered to send emergency assistance to Indonesia if needed.
"They are very close friends and neighbours. They know that we are here and available to help. They just have to ask," said Aid Minister Bob McMullan. Indonesian officials have said the quake was one of the biggest in Indonesia in recent years and could have been more powerful than the 2006 Yogyakarta quake that killed more then 5,000 people. Wednesday's quake was along the same fault line that spawned the 2004 Asian tsunami that killed more than 230,000 people in a dozen countries. That quake struck roughly 600km north-west of Padang. Geologists have long warned that Padang could one day be completely destroyed by an earthquake because of its location. Western Sumatra is a mainly rural area with dense tropical forest. It has several national parks and many of its beaches are popular with surfers. SUMATRA EARTHQUAKE KEY STORIES BACKGROUND  Animated guide: Earthquakes VIDEO AND AUDIO  Indonesia quake deaths pass 500   Rescuers search for quake survivors  Hundreds feared trapped in Sumatra FROM OTHER NEWS SITES Mail Online UK Bodies wash up on the beaches after tsunami as Indonesia is hit by SECOND earthquake - 24 mins ago Telegraph Three earthquakes hit Asia-Pacific, death toll mounts - 49 mins ago Times of India Thousands feared dead in strong Indonesia quake - 1 hr ago The Independent 467 dead as second quake shakes Indonesia - 2 hrs ago Guardian Unlimited Second earthquake hits stricken Sumatra - 5 hrs ago  News feeds
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