पढ़ें: अरविंद केजरीवाल ने सोनिया को चिट्ठी में क्या लिखा?

  • श्रीमति सोनिया गांधी जी,
    कांग्रेस पार्टी ने दिल्ली में सरकार बनाने के लिए आम आदमी पार्टी को बिना शर्त समर्थन देने के लिए कहा है. हमने तो कांग्रेस से समर्थन मांगा नहीं था.
    आम आदमी पार्टी का जन्म ही बीजेपी और कांग्रेस जैसी पार्टियों की भ्रष्ट, आपराध्कि और साम्प्रदायिक राजनीति के कारण हुआ. जब देश का आम आदमी भ्रष्टाचार से कराह उठा तो इस देश के आम लोगों ने खुद अपनी पार्टी बनाई और आवाज़ उठाने का निश्चय किया. ऐसे में आम आदमी पार्टी कांग्रेस और बीजेपी जैसी पार्टियों के साथ कैसे हाथ मिला सकती है?

    चूंकि आपकी पार्टी ने कहा है कि आप बिना शर्त समर्थन देने के लिए तैयार हैं तो देश की जनता जानना चाहती है कि इसका क्या मतलब है? दिल्ली की जनता के कुछ ज्वलंत मुद्दे हैं जिसकी वजह से दिल्ली की जनता परेशान है. 15 वर्ष के शासनकाल में कांग्रेस की सरकार ने इन मुद्दों का समाधन करने की बजाय कई जगह तो जनता की परेशानियों को और ज़्यादा बढ़ा दिया है. सात वर्ष के अपने शासनकाल में भाजपा ने नगर निगम को जमकर लूटा है. ऐसे में यदि अब आप आम आदमी पार्टी की सरकार को बिना शर्त समर्थन देते हैं तो आपका इन मुद्दों पर क्या विचार होगा?


Please pass around to your family and friends !!!MUST SHARE AS SOON AS POSSIBLE

Given below is happend to someone & he has narrted this in his own words :

" I received a call from someone claiming that he was from my mobile Service provider and he asked
me to shutdown my phone for 2 hours for 3G update to take place. As I was rushing for a meeting,
I did not question, but just shut down my cell phone.

After 45 minutes I felt very suspicious since the caller did not even introduce his name.
I quickly turned on my cell phone and saw several missed calls from my family members
and the others were from the number that had called me earlier –

I called my parents and I was shocked that they sounded very worried asking me whether I am safe.
My parents told me that they had received a call from someone claiming that they had me with them
and asking for money to let me free. The call was so real and my parents even heard 'my voice' crying
out loud asking for help.

My father was at the bank waiting for next call to proceed for money transfer.
I told my parents that I am safe and asked them to lodge a police report.

Right after that I received another call from the guy asking me to
shutdown my cell phone for another 1 hour which I refused to do and hung up.

They kept calling my cell phone until the battery had run down. I myself
lodged a police report and I was informed by the officer that there were many such
scams reported. MOST of the cases reported that the victim had already

transferred the money! And it is impossible to get back the money. Be
careful as this kind of scam might happen to any of us!!!

Those guys are so professional and very convincing during calls. If you are asked to
shut down your cell phone for updates by the service provider, ASK AROUND!

Your family or friends might receive the same call. "

Be Safe and Stay Alert!

Please pass around to your family and friends !!!

People have been receiving calls from+375602605281, +37127913091or any number starting from +375, +371 number one ring & hang up. If you call back it's one of those Numbers that are charged 15-30$ & they can copy ur contact list in 3sec & if u have bank or credit card details on your phone, they can copy that too. +375 is from Belarus, Afghanistan.. 371 is cod for Lativa...

Don't answer or call back. 
FORWARDAND SHARE this to your friends and family


Highlights of AAP ( AAM ADMI PARTY ) manifesto; Jan Lokpal top agenda

Aam Aadmi Party leader Arvind Kejriwal along with his party colleagues Yogendra Yadav and Manish Sosodia release the party's election manifesto in New Delhi on Wednesday. Photo: S. SubramaniumNew Delhi: Aam Aadmi Party (AAP) released its manifesto for Delhi Assembly elections 2013 promising that Jan Lokpal Bill will be passed within 15 days of the party coming to power. Releasing the manifesto at Delhi's Constitution Club, AAP leader Arvind Kejriwal promised a clean and corruption-free government.
Claiming that power will be directly in the hands on the people, the Kejriwal-led AAP promised the setting up of Mohalla Sabhas to monitor development work in the city. Households using up to 700 litres of water per day would be given free water, AAP manifesto says.
Aam Aadmi Party Delhi Election Manifesto 2013 Highlights
1. Delhi Jan Lokpal Bill
Commitment to passing Delhi Jan Lokpal Bill within 15 days of coming to power. All public servants to fall under its purview.
Time-bound investigation and swift disposal of corruption cases. Cases against Ministers, MLAs and Secretaries would be completed in six months to one year.
Lokpal would have financial, administrative and investigative independence. It would have the power to initiate investigation and prosecution against corrupt public servants. Those found guilty of corruption would be removed from their jobs, sent to jail and their property confiscated.
Citizens' charter for every government office, setting a time limit for any citizens' work at a Government office. Concerned officer to be fined if the work is not completed within the time limit.
Encouragement to honest officers and protection to whistleblowers
2. Swaraj
Devolving power directly to people; decisions about development in any locality to be taken by Mohalla Sabhas; payments for any work (roads, pavement, etc) to be released only once the work is approved by Mohalla Sabhas.
Mohalla Sabhas to monitor the functioning of local school, primary health centres, ration shops.
Demand for full statehood to Delhi, so that MCD, DDA and Delhi Police are directly controlled by the Delhi government.
3. Electricity
Delhi's consumers have been getting inflated bills due to malpractices by Discoms. AAP promises a reduction of consumers' electricity expenditure by 50 per cent. This will be done by ordering an audit of discoms, rectifying inflated bills and getting electricity bills checked by independent agencies. Licences would be cancelled of any discoms that refuse the audit .
Discoms would be brought under RTI and their accounts made more transparent. Discome monopolies would be ended and consumers would be allowed to choose between two electricity providers.
Incentives and subsidies to promote solar energy; target of meeting 20 per cent of Delhi's electricity needs via solar energy in the next ten years. Individuals installing solar panels in their houses would be allowed to sell extra electricity to the grid.
4. Water
Water is the biggest concern of the aam aadmi in Delhi, as more than 50 lakh people do not get piped water in their homes. AAP is committed to ensuring that all households in Delhi get water in their homes, irrespective of whether they are in slums or unauthorised colonies. Households using up to 700 litres of water (per day) would be given free water.
Transparency would be introduced in the functioning of the Delhi Jal Board, who currently keep no account of how much water is received from different sources and how much water is supplied to each area. Bulk meters would be installed and their data put on the DLB website every day. Clamp-down on tanker mafia.
AAP opposes the privatisation of the Delhi Jal Board and is committed to the public provision of water to all citizens.
Long run solutions to Delhi's water situation would focus on city-wide rainwater harvesting, reviving Delhi's water bodies and the conservation and recycling of water.
5. Sanitation and Waste Management
More than 15 lakh people in Delhi do not have toilets in their homes; this is a cause of ill-health and insecurity, especially women. AAP is committed to building 2 lakh community and public toilets in Delhi.
More than 40 lakh people in Delhi do not sewerage lines taking the waste-water from their homes to sewage treatment plants. AAP is committed to connecting all households to the sewage network, irrespective of whether they are in slums or unauthorised colonies. Small, decentralised sewage plants would be built, which would be managed by Mohalla Sabhas.
Waste would be managed with the direct participation of people; there would be separation of bio-degradable and non-biodegradable waste at the household level and littering would be heavily fined.
6. Women's Security
Citizens' Security Forces would be formed with a branch in each ward, who would provide security to anyone in distress, but with special focus on security of women, children and senior citizens.
Ensuring swift dispensing of justice in case of crimes against women by establishing special fast track courts; implementation of recommendations of the Verma Committee
Ensuring lighting and security provisions on roads, parks, buses and all public spaces.
7. Education
Commitment to improving the standard of government schools, so that all citizens of Delhi - whether rich or poor - would have access to high quality of education. Government schools to be made as good as private schools.
A law would be introduced to regulate high fees and donations in private schools and colleges.
New colleges would be opened for students from Delhi. Delhi government-run universities, like Ambedkar University, would be expanded.
Employment of contractual/temporary teachers in both government and private schools and colleges shall be stopped and all posts would be regularised.
8. Health
Government health care facilities would be improved (and made as good as private hospitals) so that all citizens of Delhi - rich or poor - have access to high quality health care. New government hospitals would be opened to ensure Delhi conforms to the international norm of 5 beds for every thousand people. New primary health centres would be established.
Use of generic medicines would be promoted to reduce patient expenses on medicines
Ayurveda, Naturopathy, Homeopathy and Unani medical systems would play an important role in the government healthcare facilities. New hospitals would be opened for these systems of medicine.
Large percentage of diseases in Delhi are caused by polluted air, contaminated water and improper waste disposal; AAP would work on controlling these for a long-term solution. A special task force would work on a war-footing to control dengue in Delhi.
9. Delhi's Villages
Gram Sabhas would be empowered to make decisions regarding Delhi's villages including extension of Lal Dora; land acquisition in these villages would be possible only with permission of Gram Sabha.
Adequate number of schools and hospitals would be provided; farmers would be provided agricultural subsidies; sports facilities would be improved.
10. Unauthorised Colonies
Regularisation of unauthorised colonies based on rates decided in the notification of March 24, 2008
Process of authorisation, planning and supervisions development works would be done by the local Mohalla Sabha, with direct participation of the people
11. Slums
Rehabilitation of people living in slums - flats/plots would be provided on site, or as near as possible to existing location of slums. Process of rehabilitation to be done in consultation with the people.
Till rehabilitation is done, no slums will be demolished; improvement in local living conditions will be made with provision of water, sewerage lines and proper waste management.
12. Inflation and Unemployment
While inflation is due to central government policies, AAP would take measures to ensure basic facilities remain within reach of the aam aadmi; these would include electricity expense reduction, 700 litres of water made available for free, government provision of high quality education and health , regulating fees of private schools and strict action against hoarders
For increasing employment AAP shall fill all vacant government posts, provide better facilities to industrial areas and provide young entrepreneurs loans at low interest rates.
13. Other Economic Issues
Traders: Simplifying VAT structures and opposing FDI in retail
Industry: Improving facilities in industrial areas and simplifying licensing procedures
Contract Labour: No contractual jobs for work that is required 365 days a year; ensuring implementation of minimum wages
Unorganised sector: Ensuring social security for unorganised sector workers; regulating wages and working hours of domestics workers; improving working condition of rag-pickers.
Street Vendors: licenses and fixed locations to be given to street vendors.
14. Transport
Establishing a Unified Transport Authority for a holistic transport policy, commitment to providing high quality public transport in Delhi
Expansion of DTC bus service and Delhi Metro; improving and making secure last mile connectivity via feeder buses, shared auto-rickshaws and e-rickshaws.
Making pavements and cycle tracks on all possible roads; removing unnecessary route restrictions on rickshaws
Auto Rickshaws: Increasing auto stands, streamlining procedure for purchasing auto-rickshaws and preventing black marketing, preventing police harassment and revising auto fares in an ongoing manner.
15. Environment
Priority to sewage treatment and industrial effluent treatment to prevent polluted water from flowing in Yamuna; preventing encroachment on Yamuna river-bed
Protecting Delhi Ridge by clamping down on encroachment; ongoing afforestation in Delhi
Animal Welfare Board to be given enforcement authority, and not merely be an advisory body.
16. Social Justice
Scheduled Castes: Ensuring SC component plans is spent on welfare schemes for SCs and reservations implemented; providing low or zero-interest loans for setting up their livelihood.
Valmikis: Ending contractualisation in safai karamchari posts, providing educational and livelihood opportunities to help them find employment in fields other than those of safai karamcharis.
Muslims: Ending harassment by police and prosecution of Muslim youth in false cases, improving functioning of Delhi wakf board.
Victims of 1984 Sikh massacre: Providing justice to victims of 1984 riots, re-opening wrongly closed cases, improving living conditions in areas like Tilak Nagar where many victims now live.
Status of Punjabi and Urdu as second language: Providing them genuine status as second language by ensuring adequate facilities and filling vacant posts
Persons with Disability: Expanding definition of disability, ensuring their admission into schools and colleges; priority to making all public buildings barrier-free and accessible.
Other marginalised groups: Efforts to end discrimination against and improve living conditions of nomadic communities (NT/DNT), trans-genders and other marginalised communities.
Source - ibnlive

World Bank cuts India GDP f'cast to 4.7 pct in 2013/14

1 of 2. Workers sit on iron pipes before loading them on a truck at an iron and steel market in an industrial area in Mumbai September 11, 2013.

NEW DELHI | Wed Oct 16, 2013 7:02pm IST

(Reuters) - The World Bank sharply lowered its forecast for India's economic growth to 4.7 percent from 6.1 percent for the current fiscal year, citing a sharp slowdown in manufacturing and investment as well as negative business confidence.

In a report released on Wednesday, the bank said "high headline inflation, an elevated current account deficit, and rising pressure on fiscal balances from the depreciation of the rupee" were factors that could impede the country's growth.

"Economic activity is expected to pick up in the second half of FY2014, although the speed of economic recovery could be impacted by the country's present vulnerabilities," the World Bank said in its India Development Update report.

In a report published six months ago the bank had expected an acceleration in India's growth, driven by a pick-up in domestic activity, but that did not materialise.

The latest report forecasts economic growth will pick up further to 6.2 percent in the 2014/15 fiscal year that begins next April.

Last week, the International Monetary Fund (IMF) slashed the growth forecast for Asia's third-largest economy to 3.8 percent in calendar 2013 year and forecast 5.1 percent growth for 2014.

The World Bank's expectation of a pick-up later in the year tallies with the views of India's central bank chief, who expects the start-up of billions of dollars worth of stalled resource projects and a good monsoon season to bolster agricultural output and speed domestic growth.

The Indian economy has slowed sharply from growth of around 8 percent per year between 2002 and 2012 to about 5 percent in 2012/13.

In the last fiscal year India posted a whopping $88 billion deficit on the current account, the third largest in the world, raising fears of a balance of payments crisis. The rupee crashed as much as 20 percent between May and August.

BBC reveals 2,500-hour World War I season

37 Days stars Tim Pigott-Smith as Prime Minister Asquith

The BBC has revealed how it plans to mark the centenary of World War I.

Programming and events will span four years, across television, radio and online, from 2014-2018, echoing the time frame of the war itself.

"I want 2014 to be remembered for our national commemoration of all those who served on the battlefield and on the Home Front," said BBC chief Tony Hall.

"And a chance for us all to learn something new about a war we think we know well."

The season will include 130 newly commissioned programmes, spanning almost 2,500 hours.

Among them will be two major TV dramas on BBC One: The Ark will take viewers into the lives of the medics and their patients at a fictional field hospital behind the trenches in France; while The Passing Bells tells the story of the war through the eyes of two very ordinary young men.

On BBC Two, Ian McDiarmid stars in 37 Days, which will explore the politics behind the build-up to war. The events will also be retold on BBC Radio 4 in 1914 Day-by-Day, a 42-part series featuring archive news excerpts, from the day of the assassination of the Archduke Ferdinand to the outbreak of war five weeks later.

Radio 4 will also air two dramas. Homefront is the story of "the 41 million Britons who didn't fight in the great war but whose hearts were pinned on the five million who did", and will run across four years in 15-minute instalments, pitting fictional stories against a background of truth.

Tommies, a series of plays narrated across the four years of war, revolves around British Empire soldiers, focusing on a sergeant in the Lahore division of the Indian army and a group of signallers.

Kate Adie tells The Story of Women in World War I on BBC Two, and relates the role of women as nurses, ambulance drivers and surgeons during the great war.

"We are setting out to broaden people's understanding of the war, to commemorate and remember those who were caught up in it and to tell both well-known stories from fresh perspectives and original stories so far untold," said Adrian Van Klaveren, BBC controller behind the centenary season.

Horrible Histories

The season will also include programming about poetry, paintings and music, as well as programmes by eminent historians including Sir Max Hastings, Christopher Clark and Niall Ferguson, tackling some of the biggest debates about World War I.

Meanwhile, BBC Children's and BBC Learning will seek to explain the war to younger viewers, through programmes including a specially-commissioned Horrible Histories.

"A century on, we should perhaps remember and respect that sacrifice," said Jeremy Paxman, who fronts the documentary series, Britain's Great War, looking at the impact of the World War I.

"And realise that more than any other event, this was the one that made modern Britain."

Price of petrol down Rs 3.6/litre; non-quota LPG, diesel up

NEW DELHI: There's finally some cheer for consumers ahead of the festive season. State-run fuel retailers on Monday slashed petrol price by over Rs 3 a litre and raised diesel rate by 50 paise a litre, both excluding state taxes.

The retailers also increased the price of non-subsidized cooking gas cylinders sold to households beyond the annual quota of nine subsidized refills by Rs 71.50 per each.

For petrol, this is the steepest cut in more than five years and the first reduction since May 1 when the price was slashed by Rs 3 a litre. The actual reduction at petrol pumps would be more due to the incremental decrease in state taxes.

The price would go down by Rs 3.66 a litre to Rs 72.40 in Delhi and by Rs 4.14 a litre to Rs 79.49 in Mumbai from Tuesday.

Petrol price has been raised seven times since June, aggregating Rs 10.80 per litre, excluding VAT, as the rupee depreciated sharply. ToI had on September 12 first reported the impending price cut due to the trends in the oil and currency markets.

Oil minister M Veerappa Moily, too, had last Friday hinted at the cut saying any gains in the rupee's exchange rate and lower oil prices would be passed on to customers since petrol was sold as per market price. Diesel price is subsidized by the government, while oil companies have freedom to revise non-quota cooking gas price.

Diesel price has been raised in line with a January decision for monthly hikes in small doses to wipe out subsidy. The main transport fuel's rate would go up by 57 paise a litre in Delhi to Rs 52.54 and by 60 paise to Rs 59.46 in Mumbai.

Monday's hike in diesel price is the ninth since January 17. Its price had risen almost to market rates but the fall in rupee — around 25% since April — has worsened the situation and the subsidy gap has widened to Rs 14.50 a litre.

However, the recent firming of rupee against the dollar has trimmed these losses to Rs 10.52. Diesel rates have risen by a cumulative Rs 5.39 this year.
SOURCE..times of india

Aamir Khan starrer P.K. to release in June next year

Bollywood actor Amir Khan releases the book 'Ganga' at a function in Mumbai.The upcoming political satire P.K., starring Aamir Khan and Anushka Sharma and directed by Rajkumar Hirani, has been in the news ever since its announcement. From making headlines for Aamir's look to the possible storyline, media has been abuzz about the film.

Though there was no word on
 the release date of the film all this while, we have now been officially informed that P.K. , produced by Vinod Chopra Films and Rajkumar Hirani Films in association with Disney UTV, will release on June 6, 2014. 

Besides Aamir and Anushka, the film stars Sushant Singh Rajput and Sanjay Dutt.

Aamir's myriad get-ups

Wearing yellow helmet
The actor was spotted shooting at Dilli Haat in Delhi recently. In one shot, the actor was sporting a yellow helmet, wearing a transistor like a sling bag, holding a bunch of yellow pamphlets, and chasing a behroopiya dressed like Shiva.

The ghagra boy
Aamir was also seen wearing a blazer along with a ghagra (something we've never seen anybody wear as yet) during the P.K. shoot in February.

Dude in tight shirt
The actor was also spotted in a I-can-barely-breathe shirt with a radio round his neck.

Source..hindustan times


In 1970 1$ = Rs. 4                  Today 1$ = Rs. 62.50

Estimated 1$ by end of the year = Rs. 70

Dollar is not getting stronger but rupee is getting weaker & nobody else is responsible except us! ...

How can we change it?

1.  A Cold Drink produced for 70-80 paisa sold at Rs. 9-10!

Stop drinking them, go to soda shops & drink lemon juice, lassi etc.

 instead of coke, pepsi, limca

2. Soaps

Use Soaps of cinthol, santoor, medimix, neem or other Indian Soap

instead of lux, lifebuoy, rexona, liril, dove, pears, hamam, lesancy, camay, palmotive etc!

3. Toothpaste-

Use Neem, babool, vicco, dabur, promise 

instead of colgate, closeup, pepsodent, cibaca

4. ToothbrushUse prudent, ajanta, promise 

instead of colgate, close up, oral-b, pepsodent, forhans
5. Shaving cream-Use godrej , emami,  vjohnInstead of palmotive, old spice, gillete.
6. Blade-Use supermax, topaz, laser, ashokaInstead of seven-o-clock, 365, gillete
7. Talcum powder-Use santoor,gokul,cinthol,boroplus 

Instead of ponds,old spice, johnson, shower to shower.

8. Milk powderUse indiana, amul, amulya' verkaInstead of anikspray, milkana, everyday milk, milkmaid
9. Shampoo-Use Nirma, VelvetteInstead of halo, all clear, nyle sunsilk, head and shoulders, pantene
10. Mobile connections-Use bsnl, airtel, relianceInsteaf of vodafone, docomo
11. Food-Eat at jay bhavani, TGB, local restaurantsInstead of macdonld, subway, pizza hut, kfc
12. MobileUse micromax, karbonn, virginInstead of samsung, apple, htc, sony, nokia
13. Bikes-Use hero, royal enfieldInstead of honda, yamaha
14. Footwear-Use bata, chavdaInstead of nike, reebok, adidas, converse
15. Jeans and shirtsUse spykar, k-lounge etcInstead of lee, levi's, U.s. Polo,  pepe, benetton
16. WatchUse titan, sonata , fasttrack etc Instead of tommy, Citizen, zodiac, tissot

Don't use items from Hindustan Liver or Uniliver. It is a foreign company.*

We should change in our own habit  instead of  blameing  politicians
Now go and check the things you use and ask yourself how much do youcontribute to the decreased value of RUPEE
None of the indian products are subordinate in quality, they might looka bit less fancy!!
Why is china so ahead, because the whole world uses made in china items.
We indians could atleast use made in india items!
Change comes from within! Start the change by simply changing yourmobile network and spread the change by broadcasting this msg to everyoneon your contact list!
I did my part,You do yours and let's see by the end of this yearDoes 1$ become Rs. 70  or it becomes Rs. 40.

Source - facebook

Petrol price hiked by Rs 2.35 per litre, diesel by 50 paise

Petrol price was today hiked by a steep Rs 2.35 per litre, the sixth increase in rates in three months, and diesel by 50 paise per litre on falling rupee and firming international oil prices.

The increase in rates, which will be effective midnight tonight, are excluding local sales tax or VAT, Indian Oil Corp, the nation's largest fuel retailer, announced. The actual hike will be higher and will vary from city to city.

Petrol price in Delhi will go up by Rs 2.83 to Rs 74.10 per litre while it will cost Rs 81.57 per litre in Mumbai as against Rs 78.61 currently.

This is the sixth increase in rates since June and in all petrol prices have gone up by a massive Rs 9.17 per litre, excluding VAT. Price of petrol in Delhi has gone up by over Rs 11 per litre after including state tax since June 1. In a parallel move, diesel price was hiked by 50 paise, excluding VAT, in line with the January decision of the government allowing oil companies freedom to raise prices in small doses every month to wipe out mounting losses.

Diesel price in Delhi has been hiked by 57 paise to Rs 51.97 per litre while it will cost Rs 58.86 in Mumbai from tomorrow as compared to Rs 58.23 currently.

Today's hike in the eighth since the January 17 and most of the losses on diesel sales should have been wiped off by now to make the fuel market priced. But the fall in rupee, around 25 percent since April, has worsened the situation and oil firms are losing Rs 12.12 per litre despite prices being raised by a cumulative Rs 4.75 this year.

Oil firms had on June 1 raised petrol prices by 75 paise, excluding VAT, and followed it with a Rs 2 per litre increase on June 16, a Rs 1.82 increase on June 29, Rs 1.55 hike on July 15 and 70 paise increase from August 1.

IOC said since the last revision in rates effective August 1, the rupee-US dollar exchange rate has deteriorated sharply, from Rs 59.49 to a US dollar to Rs 63.88, necessitating this price increase.

"Currently, the rupee-dollar exchange rate continues to be extremely volatile. Also, geopolitical situation in the Middle-East is leading to pressure on international oil prices as well," it said in a statement.

The movement of prices in international oil markets and exchange rate were being closely monitored and subsequent price changes will reflect developing trends of the market, it added.

Deteriorating exchange rate has led to widening of losses on diesel from Rs 10.22 in first fortnight of August to Rs 12.12 per litre loss. The same has also led to widening of under-recoveries on kerosene to Rs 36.83 per litre from Rs 33.54 at the beginning of the company and on LPG to Rs 470 per cylinder from Rs 411.99.

For the full fiscal, IOC estimated total revenue loss or under-recovery of Rs 144,000 crore on sale of diesel, LPG and kerosene for the industry.
Source..money control

Some thing on lighter note. WORLD FACTS

😇 You can only dream about faces you have already seen. Your brain cannotmake up new ones when you're dreaming.

 The harder you concentrate on falling asleep, the less likely it will happen.

✏ There is no word you can write using only the bottom row ofk the keyboard.

👤 The human mind spends 70% of it's time replaying memories & creating scenarios of perfect moments and situations.

⏰ Don't use a song you like as an alarm to wake up. You'll end up hating it.

Laughing for 15 minutes benefits the human body the same as sleeping for 2 hours.

😾 When you wake up around 2-3 am without any reasons, there's an 80% chance someone is remembering you.

After an argument, more than 85% people tend to think of all the clever things they should have said.

Listening to music has been shown to lower stress levels, lower blood pressure, increase concentration and even relieve pain.

The sentence "A nut for a jar of tuna." is the same when read backwards.

⌚ A “moment” technically means 90 seconds.

🍫 Chocolate is about five times more effective than cough syrup when suffering from the common cold.

😴 No matter how hard you try, you can never remember how your dream started.There's a 96% chance at this very moment you are waiting for something that will never happen.

Emotional pain lasts for 10 to 20 minutes, anythingt longer is actually self inflicted by over thinking, making things worse.

🎭 You see yourselves 5 times more attractive in the mirror than you really are, thanks to your brain.

😶 99% people get scared when a text reads "can i ask you a question?"

Attacks Kill 10, Wound 25 in Afghanistan

A suicide attack against a coalition convoy and a separate rocket attack against tankers carrying fuel for NATO on Wednesday killed a total of 10 civilians and wounded 25 in southern and western Afghanistan, officials said.

Spokesman Omer Zwak of southern Helmand province said the suicide car bomb attack happened in the provincial capital city of Laskar-Gah and killed four civilians. He added that another 15 were wounded.

Zwak had no details about how the attack was carried out but said there were no immediate reports of casualties among coalition forces. They usually drive in heavily armored vehicles.

Spokesman Abdul Rahman Zhawandai of western Farah province said a rocket fired at a parking lot used by truck drivers carrying fuel for the coalition hit a fully laden vehicle, which immediately caught fire. The ensuing blaze killed six Afghan drivers and wounded another 10.

Zhawandai said the fire destroyed about 35 of the 40 trucks parked in the lot, which is used by drivers to safely spend the night. Drivers rarely travel in Afghanistan between dusk and dawn to avoid insurgent attacks.

The coalition imports all the fuel it uses in the country and it is transported by Afghan civilian contractors.

"The fire destroyed so many trucks because we have no way to fight them," he said.

The Taliban claimed responsibility for the attack in an email and said it was part of their campaign against the coalition and government of President Hamid Karzai.

Insurgents have picked up the pace of their attacks after the international coalition handed over responsibility for security around the country to Afghan forces two months ago.

They have so far unsuccessfully tried to retake territory in their traditional southern and eastern heartlands.
Source. abc news

Israel-Turkey Relations Sink to Low

After a brief courtship last spring, relations between Israel and Turkey have fallen to a new low, officials in both countries say, just as the two former allies are bracing for possible U.S. military action in neighboring Syria.

The breakdown in once-close military ties could be critical if the international community, led by the U.S., decides to attack in response to the alleged Syrian use of chemical weapons last week. A U.S. strike could trigger a retaliatory response by Syria against either of its neighbors, both close U.S. allies.

But officials in both countries confirm that political and military contacts are now limited. They say reconciliation talks meant to repair diplomatic ties have collapsed quietly, and military ties, once the centerpiece of the alliance, are minimal at best. The dire state of affairs was reflected last week when Turkey's Islamist prime minister, Recep Tayyip Erdogan, claimed that Israel was behind the recent military coup in Egypt, prompting condemnations from Israel and the U.S.

"The mood is so negative in the upper echelons of Turkey and Israel toward each other, it doesn't look like cooperation is possible," said Alon Liel, a former foreign ministry director general who served as Israel's top diplomat to Turkey in the 1980s.

Israel and Turkey, located on opposite sides of Syria, long enjoyed vibrant trade, tourism and military cooperation. Just a few years ago, Turkey sponsored indirect peace talks between Israel and Syria. But relations began to decline after Erdogan became prime minister in 2003. The Islamist Turkish leader gradually distanced himself from the Jewish state as he raised his profile in the Muslim world.

Ties took a serious downturn during Israel's military offensive in the Gaza Strip in late 2008, and turned to outright animosity after an Israeli naval raid on a Gaza-bound flotilla killed eight Turks and a Turkish-American in 2010. In one infamous incident, Israel's deputy foreign minister intentionally placed the Turkish ambassador on a low-seated couch at a public meeting in order to humiliate his guest.

President Barack Obama, visiting Israel last March, persuaded Israeli Prime Minister Benjamin Netanyahu to call Erdogan and apologize for the flotilla deaths. The apology, a key Turkish demand, was expected to lead the way to reconciliation and compensation to the families of the dead flotilla activists.

Netanyahu, who had previously rejected calls to apologize, cited the Syrian civil war as the reason for his about-face. In particular, Netanyahu pointed to Syria's chemical weapons stockpile as a threat to both countries.

Yet nearly six months later, the talks have ground to a halt, both sides say. One Israeli official familiar with the negotiations said the talks have "evaporated."

The official said the sticking point was not about compensation, but persistent Turkish demands that Israel go beyond its apology and accept greater responsibility for the bloodshed. He spoke on condition of anonymity because he was not authorized to discuss the matter with journalists.

Israeli defense officials paint a similar picture. The officials say that while Israel has honored pre-existing arms sales with the Turks, no significant deals have been signed since the flotilla incident. The close cooperation and joint training drills of the past no longer take place.
Source..Abc news

Western powers will strike soon, Syrian Opp told

Western powers told the Syrian opposition to expect a strike against President Bashar al-Assad's forces within days, according to sources who attended a meeting between envoys and the Syrian National Coalition in Istanbul.

"The opposition was told in clear terms that action to

deter further use of chemical weapons by the Assad regime could come as early as in the next few days, and that they should still prepare for peace talks at Geneva," one of the sources who was at the meeting on Monday said.

The meeting at a hotel in downtown Istanbul was between senior figures of the Syrian National Coalition, including its president Ahmad Jarba, and envoys from 11 core "Friends of Syria" alliance members, that included US envoy Robert Ford, the top US official handling the Syria file, the sources said.

Facing Russian and Chinese disapproval that could dampen prospects for proposed peace talks in Geneva, Assad's foes have vowed to punish a poison gas attack in some rebel-held districts of Damascus on Aug. 21 that killed hundreds.

U.N. experts trying to establish what exactly happened in the attack were finally able to cross the frontline on Monday to see survivors - despite being shot at in government-held territory. But they put off a second visit until Wednesday.

British Prime Minister David Cameron meanwhile said he was recalling lawmakers from their holidays to debate a response to alleged chemical weapons attacks in Syria.

Cameron said parliament's lower chamber would be reconvened on Thursday to vote on a government motion to respond to suspected gas attacks near Damascus -- which Britain, France and the United States say were carried out by the Syrian regime.

"Speaker agrees my request to recall Parliament on Thurs," Cameron said in a Twitter message.

"There'll be a clear Govt motion & vote on UK response to chemical weapons attacks."

The House of Commons will sit between 2:30 pm and 10:00 pm for the debate and vote, reports said.

Cameron's spokesman confirmed on Tuesday that Britain's armed forces were drawing up contingency plans for military action in Syria, but that no decision had been made about what action may be taken.

"We are continuing to discuss with our international partners what the right response should be, but, as part of this, we are making contingency plans for the armed forces," a Downing Street spokesman said.

After LoC, Pakistan targets Kargil for first time in 14 years

Kargil and Drass had witnessed a pitched two-month-long battle in the summer of 1999 after Pakistani troopers had sneaked into the heights in the mountainous terrain during the winter to occupy posts left behind by Indian troopers due to the harsh, inhospitable and cold climate in the region. (PTI/File photo)

In signs of escalating tension along the Line of Control (LoC), Pakistan on Friday violated the ceasefire in the Kargil and Drass sectors of Jammu and Kashmir for the first time in 14 years, the Army claimed. India and Pakistan had signed the ceasefire agreement in November 2003.

The Pakistanis fired once each across the LoC at both Kargil and Drass in Ladakh, on Thursday evening, the officers said, but there were no casualties on the Indian side.

The Pakistan Army has, since the August 6 killing of five Indian soldiers by its specialist commandos, violated the ceasefire in Jammu and Kashmir 17 times, including the two incidents at Kargil and Drass, they said. This is the highest number of ceasefire violations in any 10 days in the last three years. In all of these incidents, India has retaliated appropriately through small arms, automatic and mortar fire, they said.

Pakistani troops fired with automatic weapons at Sando Post in Drass sector on Thursday night and the Indian troops gave a befitting response through controlled, retaliatory fire.

The officers said a ceasefire violation was reported from Kaksar too in the Kargil sector at Chenigund post, where Pakistanis are at a dominant height and in a position to keep a watch on traffic on the National Highway between Kashmir and Ladakh.

Indian and Pakistani troopers are in an eyeball-to-eyeball position along the 778 km LoC in Jammu and Kashmir and Indian troopers are dominating the heights in most of the areas.

Kargil and Drass had witnessed a pitched two-month-long battle in the summer of 1999 after Pakistani troopers had sneaked into the heights in the mountainous terrain during the winter to occupy posts left behind by Indian troopers due to the harsh, inhospitable and cold climate in the region.

The Indian Army mounted a counter-attack on the Pakistani troopers since May 1999 and threw back the intruders by July 26, which is celebrated as Kargil Vijay Diwas by the government and armed forces.

100 करोड़ की बर्थडे पार्टी, हर कोई आया प्लेन से.. सबको 'मिली' मर्सिडीज..

हम आपको लगातार दुनिया के दौलतमंदों के ठाठ के बारे में बताते रहते हैं। उनके रहन-सहन और खास पसंद का जिक्र भी हम करते हैं। आज हम आपको एक ऐसे भारतीय अरबपति के बारे में बता रहे हैं, जिसकी एक हरकत ने दुनिया के तमाम रईसों को हिलाकर रख दिया था।

भारत के दिग्गज दौलतमंदों के तो कलेजे पर जैसे सांप ही लोट गया था। एक ही झटके में इस शख्स ने बॉलीवुड को भी अपने इशारों पर नचवा दिया था। लेकिन उस रात तो उदयपुर में जो हुआ, किसी ने कल्पना भी नहीं की थी। इसके पहले कभी किसी ने नहीं सोचा था कि डीएलफ का मालिक केपी सिंह अपने जन्मदिन पर ऐसा भी कर सकता है।

इस भारतीय ने किया ऐसा काम कि उस रात शकीरा को करना पड़ा ‘वाका-वाका’


चीन में तेजाब नहीं फेंकते बल्कि खा जाते हैं चेहरा, ऐसा भयानक हादसा

चीन में जो हो जाए सो कम है। पिछली बार हमने आपको चीन के ऐसे दुर्गम रास्तों के बारे में बताया था, जहां जान की बाजी लगाकर बच्चे रोज अपने स्कूल तक का सफर तय करते हैं। यही नहीं चीन के ऐसे लोगों के बारे में भी बतया था, जो न्यूड ऑर्ट पेंटिंग के कारण विवादों में आ गए थे और ऐसे ही कई खुराफाती रेस्टोरेंट्स भी वहां है जहां अजीबो-गरीब अंदाज में खाना परोसा जाता है।

चीन में पिछले साल एक औरत को इसलिए अस्पताल में दाखिल करना पड़ा था, क्योंकि शराब के नशे में धुत्त एक ड्राइवर ने उस पर जोरदार हमला किया।

हमला ही नहीं इस ड्राइवर ने हमले के बाद उसके चेहरे को खाना शुरू कर दिया।
बताया जाता है कि यह डु नाम की महिला वेंगजू बस स्टेशन के पास ड्राइविंग कर रही थी और तब ही एक आदमी दौड़ता हुआ इसकी कार के पास आया।

इस बस ड्राइवर का नाम डांग है। यह डु की कार पर चढ़ गया और विंडशील्ड पर हाथों से जोरदार प्रहार करने लगा।

चीन में तेजाब नहीं फेंकते बल्कि खा जाते हैं चेहरा, ऐसा भयानक हादसा

यह सब देख डु कार से बाहर आई तो यह डांग इस महिला को घसीट कर एक तरफ ले गया और वहां मौजूद लोग कुछ समझ पाते इससे पहले ही वह इस महिला के चेहरे को अपने दांतों से चबाने लगा।

वहां लोगों ने उसे हटाने की कोशिश की लेकिन उस समय यह डांग नामक शख्स नर पिशाचों की तरह शक्तिशाली हो गया था और किसी के वश में नहीं था। लेकिन यहां डू को इस शराबी के कारण चेहरे पर इतनी घातक चोटे आईं हैं कि उसे प्लास्टिक सर्जरी का सहारा लेना पड़ा था। इसके होंठों को बुरी तरह काट लिया था इस शराबी ने।

RBI's tightening measures can pull GDP to sub 5%: Experts

The recent monetary tightening measures by the Central Bank is increasing the downside risk to the country's growth outlook, which could fall to sub 5 percent in the current financial year if these measures are prolonged, experts say.

According to foreign brokerage Bank of America Merrill Lynch (BofA-ML) prolonging the recent liquidity tightening moves by the Reserve Bank may have an adverse impact on GDP growth which could slip to a low of 4.8 percent.

Meanwhile, Morgan Stanley in a research note, said that the recent monetary tightening and uncertain global capital market environment could mean growth stays low for at least two more quarters and increases the risk of GDP growth sliding to 3.5-4 percent.

India's growth fell to a decade's low of 5 percent in fiscal 2012-13.

India's GDP growth was below 5 per cent during the quarters ending December-2012 and March-2013 and is unlikely to have increased during the quarter ending June 2013, Morgan Stanley said in a research note.

"A weak growth trend lasting for 4-5 quarters would increase the risk of a vicious cycle building, whereby the economy becomes vulnerable and the risk increases of GDP growth sliding to 3.5-4 percent," Morgan Stanley Managing Director and the Asia Pacific Economist Chetan Ahya said.

According to DSP Merrill Lynch Chief Economist Indranil Sen Gupta, "incoming data should reinforce our view that FY14 growth will slip to 4.8 per cent if RBI tightening is not rolled back before the October-March busy season."

In two sets of announcements last month, the RBI had taken a string of liquidity tightening measures aimed at curbing speculation on the depreciating rupee, which has lost nearly 12 percent against the dollar since the start of FY14.

The unconventional steps included limiting banks' overnight borrowing to 0.5 percent of their net demand and time liabilities, more sale of government bonds and raising the interest rate on the marginal standing facility for banks.

Morgan Stanley further noted that, if the rupee continues with the downtrend, the government is likely to augment capital inflows in some form of dollar debt.

However, such a move would only help cushion the pace of weakening in the currency, and not make a major difference in the trend unless the global environment changes, it said.

"A sustainable solution would be to accelerate implementation of structural reforms that in turn help correct the imbalances in the economy and put it back on a positive productivity dynamic," Morgan Stanley said.

The rupee crossed the psychological level of 60 per dollar in June-end and crossed the 61-level for the second time this week.

Banking on more than luck

Raghuram Rajan.

Raghuram Rajan needs to think fast and creatively as he prepares to lead the RBI and its efforts to stabilise the rupee

One of India’s most astute Central bankers, Y.V. Reddy, once said that when faced with a very complex macroeconomic and political environment, what really matters is your intuitive capacity to take the right decision based on experience and knowledge. Some of these intuitive calls may even go against the grain of what well-established technical templates of economics might dictate. After all, “rational policy” has been conspicuous by its absence since the world economy went into a slump in 2008. Every conventional rule of economics has been turned on its head over the past five years.

Indeed, the big challenge for Raghuram Govind Rajan, who will be among the youngest governors of the Reserve Bank of India when he assumes charge on September 4, will be to hone his intuitive ability to do the right thing in the crisis-like situation that has engulfed the economy.


Mr. Rajan is credited with having displayed a sharp, contrarian insight in 2005, in the middle of the global economic boom, at a function held in honour of the then awe-inspiring Federal Reserve Chairman, Alan Greenspan. In the midst of the Greenspan-led liquidity and credit boom in America, Mr. Rajan had raised the question of whether banks will be able to provide adequate liquidity to the financial markets in the event of large-scale credit defaults. He had also asked whether in such an eventuality “how financial positions would be unwound and losses allocated in a manner that the consequences for the real economy [would be] minimized?” This question remains valid today as large-scale socialisation of losses continues to weigh down sovereign balance sheets, causing social unrest across the developed world, especially Europe. While losses have been socialised, private bankers are fully back in business.

Mr. Rajan, a Professor of Finance at the Booth School of Business, University of Chicago, came as an honorary economic adviser to Prime Minister Manmohan Singh in early 2008. In that year itself, he headed a 13-member committee which recommended far-reaching reform of the financial markets as well as the banking and regulatory system. Some of the big ideas generated by this committee, including fuller capital account convertibility, had lost intellectual support after the 2008 global financial meltdown when reigning market theologies underwent a big change. The role of central banks also altered fundamentally.

For instance, the Rajan Committee in mid-2008 had recommended that the RBI should confine itself to formal inflation rate targeting for the economy as some western central banks do. The job of regulating banks should be done by a different authority. However, the RBI resisted this idea and D. Subbarao publicly declared that the global consensus after the 2008 financial crisis was that central banks must pursue multiple objectives, including overseeing financial stability. Mr. Subbarao had implied that in Indian conditions, the narrow mandate of inflation targeting would not work. The RBI indeed went on to pursue multiple objectives. The governor was supported by reputed former RBI Governors like Bimal Jalan, Y.V. Reddy and even C. Rangarajan in this argument. This debate remains inconclusive. Mr. Subbarao’s stance was seen by critics, including members of the Rajan Committee, as the RBI’s reluctance to give up its turf.

However, it will be interesting to see how Raghuram Rajan, as RBI governor, views his own recommendations of the past. He cannot bring about any radical change in the bank’s functioning without taking the RBI bureaucracy, which seems quite formidable, into confidence. The RBI has institutional credibility flowing from its history and is known to have fought successful intellectual battles in recent times to preserve its core mandate.

For instance, Pranab Mukherjee as finance minister created an overarching financial stability body called the Financial Stability and Development Council (FSDC). This body, headed by the finance minister, was meant to supervise all regulators, including the RBI. The RBI resisted this idea vigorously and managed to get Mr. Mukherjee to considerably dilute the idea. As a result, the FSDC exists largely on paper today.

Interestingly, the idea to create this body came from the Raghuram Rajan Committee. Will Mr. Rajan, as RBI governor, try to breathe new life into FSDC? If he were to pursue some of the bigger ideas he has espoused personally and through formal committees, he would end up whittling down the RBI’s current mandate.

Task ahead

In any case, in the immediate short to medium term, Mr. Rajan will be fully preoccupied in the firefighting exercise to stabilise the currency market which is the single biggest challenge for the central bank and the United Progressive Alliance (UPA) government. The rupee’s value has gone down from Rs.45 to a dollar in May 2011 to Rs.60 plus today. In just over two years, the rupee has lost over 30 per cent of its value. The rupee’s value crossed the first psychological threshold of Rs.50 in 2011 and stayed mostly above Rs.50 in 2012. This year, it breached the second psychological barrier of Rs.60 and, in spite of all efforts by the government and RBI in recent weeks, the downward pressure on the currency continues.

The RBI today is caught between a rock and a hard place. Economic growth has collapsed and the central bank wants to ease interest rates to boost the economy. If the RBI eases interest rates, it is feared the rupee may weaken further causing a spiral effect. Currently, the RBI cannot address growth and its sole focus is on curbing the rupee’s volatility and letting it come back to its fair value. C. Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister, reckons the appropriate value of the rupee based on the commonly accepted 6 country or 36 country trade-weighted basket is about Rs.59 to a dollar. Going by this metric, the rupee is clearly undervalued. The RBI’s challenge is to see that the rupee does not slide further to Rs.65 to a dollar, which many analysts predict.


The government needs to pay about $172 billion of short-term debt within one year, by March 2014. Then there is a current account deficit of about $80 billion which needs to be met with capital inflows. It is estimated that Indian corporates have taken foreign loans of over $200 billion and over 50 per cent of this dollar credit exposure is unhedged. This means these companies have already suffered an extra $30 billion loss in their books because of 30 per cent rupee depreciation in two years. It must be remembered that the high corporate foreign currency loan defaults had primarily caused the East Asian currency crisis and capital flight in 1997.

Mr. Rajan will also have to grapple with the sharply deteriorating loan portfolio of banks. Since 2008, Indian banks have restructured loans of business houses which, if strictly accounted for, may take the non-performing loans to about eight per cent to 10 per cent of the total credit outstanding. This is another time bomb ticking. A large number of influential businesses have used their political clout to postpone repayment of loans even as their extravagant, personal lifestyles have not changed. Mr. Rajan may have to draw some ideas from his first book, co-authored with Luigi Zingales, titled Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity in dealing with future loan defaults by big corporates. All in all, he is walking into rather rough weather.
Source ..the hindu

RETIREMENT AGE - Cabinet decision to increase reti...

A proposal to increase the retirement age of government employees from 60 to 62 years came to the Cabinet on Thursday but a decision was deferred. The government might make the announcement in the Prime Minister’s Independence Day address, his last before general elections in 2014. The ministry of personnel, public grievances and pensions has proposed an increase in retirement age of government employees from 60 to 62 years, top sources confirmed.

There are around five million central government employees in India. The previous occassion the government raised the retirement age of central government employees was in 1998, from 58 to 60 years. The move is meant to ease the financial burden on the government in terms of its pension liabilities, sources said.

The retirement age of professors in all central universities was recently raised to 65 years. D L Sachdev, national secretary of the All India Trade Union Congress, said his union was totally against the increase of the retirement age beyond 60. It would hurt the youth, especially when the government is doing nothing to create jobs for them, Sachdev said.

Congress-affiliated Indian National Trade Union Congress national president Sanjeeva Reddy said his union had been demanding increase in the retirement age to 62 years and would welcome it.

Minister for Personnel, Public Grievances and Pensions V Narayanaswami had ruled out an increase in the retirement age to a question in Parliament in the winter session this year. An official in the ministry, when asked, refused to speak about it.

Souece - business-standard.

Microsoft India launches Office 365 University for students

Office 365 University includes complete set of Office apps and can be installed on two systems.

Internet Major Microsoft today launched its Office 365 for full time and part time university students in India with an affordable subscription offer.

The Office 365 University includes the complete set of Office applications and can be installed on two PCs or Macs. It also sports Office on Demand and an additional 20 GB premium SkyDrive storage.

Microsoft has priced it at Rs 4,199 for a 4-year subscription and is available for students studying in accredited colleges and universities in the country.

"The special pricing for students will help provide them with opportunities and empower them to develop the necessary skills to be successful in the fast-paced campus environment," Microsoft India GM (Microsoft Office Division) R Pichai said.

Besides, it makes working easier and efficient as one can edit and share documents or notes in real time and store them on the cloud, he added.

To purchase the product, students need to go to the Office website to verify their eligibility in order to activate it. They need to provide their university credential and after it is verified, students can purchase Office 365, he said.

Besides, students, college/university faculty and staff in accredited institution can also purchase Office 365 University subscription.
Source ..indian express

Companies Bill introduced in Rajya Sabha

New Delhi, Aug 6 (PTI) The much-awaited Companies Bill, which aims at protecting the interest of employees and small investors, was introduced in the Rajya Sabha today amid din.

Moving the bill for consideration and passage, Corporate Affairs Minister Sachin Pilot said the legislation is progressive and forward looking.

Discussion on the Companies Bill, 2012, will take place tomorrow.

The Bill was moved amidst uproar created by some Andhra MPs protesting against creation of Telengana state.
Source .. pti news

Govt, RBI taking steps to stabilise rupee: Chidambaram

Attributing the decline in the rupee to a host of global and domestic factors, the government on Tuesday informed Parliament it has taken a slew of steps to check forex volatility and is monitoring the situation.

"The government is continuously monitoring the emerging external sector developments leading to higher CAD and rupee depreciation.

"(The government) has taken a slew of initiatives to boost exports and reduce imports, encourage capital flows to facilitate financing of CAD and stem the volatility in the exchange rate of the rupee," finance minister P Chidambaram told the Rajya Sabha in a written reply.

The rupee hit a record low of 61.80 to the dollar in afternoon trade today, while the S&P BSE Sensex declined more than 300 points. The currency has lost over 16 % since April.

Referring to the measures taken by the government to support the rupee, Chidambaram said they include "raising the rate of interest subvention from 2 to 3 % that will benefit exporters and small and medium enterprises, hike in import duty on gold, liberalisation of FDI, etc."

Regarding the current account deficit (CAD), the Minister said it has declined to 3.6 % in the January-March quarter from 6.5 % in the previous quarter of 2012-13.

For the full fiscal 2012-13, the CAD worked out to 4.8 % of GDP, or $ 88.2 billion.

In a separate reply, Minister of State for Finance Namo Narain Meena said the rupee depreciated significantly in the second half of 2011-12 owing to the impact of the Eurozone crisis on the Indian forex market.
Source .. hindustan times

Have you ever think how many types of friend you have?? Take a look at types of friends..HAPPY FRIENSHIP DAY..ENJOY

E-filing of income tax returns crosses one-crore mark

The e-filing of income tax returns has crossed the one crore mark with the maximum of such filings done by the salaried class of taxpayers. In a latest data released by the Central Processing Centre (CPC) of the I-T department based in Bangalore, a total of 1,03,21,775 e-returns were filed by taxpayers till July 31, which is quite less than the over 2 crore e-filing numbers filed during the financial year 2012-13.

The Central Board of Direct Taxes (CBDT), the administrative authority of the Income Tax department, has recently enhanced the last date for filing of I-T returns, both manual and e-filed, to August 5 for the 2013-14 fiscal. A total of 57,81,252 people under the salaried class filed their e-returns till July 31 through the Internet which is also less than the over 64 lakh figure filed by salaried taxpayers during the same period last year. "The Income Tax department and the CBDT are aiming to encourage more and more taxpayers to file online returns.

These figures are expected to rise drastically by August 5," a senior I-T officer said. The department's web based servers, according to the official data, received a peak rate of 2,303 returns per minute during the current filing spree even as the tax return filing season ends tomorrow.

A special team of the department is continuously monitoring the web portals and information technology parameters of the official e-filing website of the I-T department-- https://incometaxindiaefiling.gov.in. Electronic filing has been made mandatory for assessees having net taxable above Rs five lakh from this year.
source indian express

Creating new investment instruments, Rajan says

CHENNAI: The central government is in the process of creating alternative instruments for investment, beyond the traditional gold and real estate sectors, Raghuram Rajan, chief economic adviser to the government of India, said on Saturday.

"The government has introduced inflation index bonds and equity-linked deposits. Once the economy starts doing well, many of these instruments would also do well and this will take away some of the hunger for gold," Rajan said while answering a question after delivering the ninth Kuruvila Jacob memorial lecture.

On the continuing rupee downslide and the widening CAD (current account deficit), Rajan admitted that the problem had been building up for sometime now. "Solutions take some time," he said. At the lecture organized by Kuruvila Jacob Initiative for Promoting Excellence in School Education, Rajan spoke on 'Seizing the demographic dividend: Educational challenges.'
Source times of india

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