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Breaking News : Earthquake knocks Sikkim at 6:17 pm

Sunday, September 18, 2011


Magnitude 6.8 - SIKKIM, INDIA



Magnitude6.8

Location27.730°N, 88.082°E
Depth20.7 km (12.9 miles)
RegionSIKKIM, INDIA
Distances68 km (42 miles) NW of Gangtok, Sikkim, India
119 km (73 miles) NNW of Shiliguri, West Bengal, India
272 km (169 miles) E of KATHMANDU, Nepal
572 km (355 miles) N of Kolkata (Calcutta), West Bengal, India
Location Uncertaintyhorizontal +/- 14.4 km (8.9 miles); depth +/- 7.4 km (4.6 miles)


A 6.8 magnitude earthquake struck Sikkim at 6:17pm, sunday evening. No details of any casualties or destruction have been ascertained as of now.

Initial reports from Sikkim indicate that the quake caused violent shuddering, panicing the residents. Telephone and electricity services have gone down.

The earthquake caused tremors to be felt all across North India, causing building to shake as far away as Kolkata. The quake also led to evacuations in Patna and New Delhi.

The earthquake occurred ten kilometres under the Earth and It's epicenter was 64 kilometers away from Gangkot. 
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Big B visits Amar Singh at AIIMS, New Delhi




Bollywood superstar Amitabh Bachchan on sunday visited his friend and Rajya Sabha MP Amar Singh at the All India Institute of Medical Sciences (AIIMS) in New Delhi.

Amar Singh, arrested in the cash-for-votes scam, is on interim bail till Sep 19. He was  under medical observation till Sep 13 after he complained of ill health.
Bachchan, who is in Delhi to attend the Bharatiya Gyanpith Award, was accompanied by his Delhi-based daughter, Shweta Nanda.
“Amitabh Bachchan came to see Amar Singh in the private ward around 11 a.m.,” - source said.
Amar Singh and two former Bharatiya Janata Party (BJP) MPs, Faggan Singh Kulaste and Mahavir Singh Bhagora, were arrested Sep 6 for their alleged involvement in an attempt to bribe MPs ahead of the July 2008 parliament trust vote.
Bachchan’s visit follows Amar Singh confidante and MP Jayaprada’s jibe saying: “The celebrities he helped, the famous people… Where are they?”


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Indians shell out the most in the world for Petrol & Diesel

                                                   Country          Petrol     Diesel
                                                    India              3.95        2.46
                                                   China              1.95        1.83
                                                      UK               1.85        1.91
                                                   Brazil              1.70        1.23
                                                   Japan              1.28        1.09
                                                   Russia              1.26        1.08
                                                      US                0.76        0.84
                                                  Saudi Arabia      0.23        0.10
                                                  Venezuela         0.03        0.01

For all those already reeling under a series of hikes in petrol prices on the back of zooming inflation, here is some news that will enrage you further. Data of retail prices in countries across the world shows that Indian prices are amongst the highest in the world at current exchange rates. And, if you even out the differences in purchasing power of different currencies then Indian petrol and diesel prices become the highest barring some tiny, remote countries.

Even a simple comparison of retail prices in different countries by converting them to Indian rupee reveals that petrol in India is more expensive than 98 other countries. Among 157 countries for which data is available, those belonging to the Organization of Petroleum Exporting Countries have the lowest price.

The Organisation of Petroleum Exporting Countries (OPEC) are the ones that have huge oil reserves and are its main producers. So, petrol is cheapest in Venezuela at just Rs 1.14 per litre. In Iran it sells for Rs 4.8 per litre. The second group comprises of countries like the US,IraqIndonesia, etc, where minimal tax is levied on petroleum products. They also have lower prices than India. A litre of petrol costs Rs 42.82 in the US.

India tops the group of countries which have moderate to high tax regimes. Others in the group are the EU countries and others like Singapore, New Zealand, Thailand and Brazil. At Rs 69.90 -the average price of petrol in 24 Indian cities -Indian prices are now comparable to price of petrol in EU. Romania has EU's cheapest petrol at Rs 72.33 per litre.

However, price comparisons done like this - by converting into one currency using the exchange rate - are deceptive. Petrol prices equivalent to Rs 96.39 in the UK might not pinch the English in the same way as Rs 69.90 will clobber Indians.

So, how does one compare prices across countries? This is done by the widely used Purchasing Power Parity (PPP) method. Differences in purchasing powers are evened out and relatively real price comparisons emerge. Using PPP prices, petrol is by far much more costlier in India than most countries. PPP price of petrol in India is $3.95, lower than just three small countries - Timor-Leste, Malawi and Eritrea.

Petrol costs less than a dollar in the OPEC and USA while in most of Europe, Russia, Japan, China and the Americas it is priced between one to two international dollars by PPP calculations. Despite huge subsidies, diesel is more expensive in India than 136 other countries. Costing $2.46 at PPP, India is 23rd most expensive in diesel prices.



Source : TOI

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UP Police keep four Persons in custody for Agra Blast



The UP Police and ATS have detained four people for questioning in connection with Saturday's blast at a hospital in Agra.
Four people were injured in the low-intensity explosion on Saturday at a private hospital near the Taj Mahal, police said.
"Four people were injured in the blast at the hospital," Deputy Inspector General of Police, Agra Range, Assem Arun said.
The explosion took place around 5.30 pm at the reception of Jai Hospital, situated on a service lane of National Highway-2, barely 2.5 km away from Taj Mahal, a declared terror target and frequented by thousands of tourists, Indian and foreigners.
Security at the Taj Mahal and other places was increased in the city after the explosion.
Motive behind Agra blast inconclusive: Police
Uttar Pradesh Police are yet to confirm on Sunday morning whether a low-intensity blast at a private hospital here was a terror strike, a day after it left at least four people injured.
"It is still inconclusive. All angles are being probed by the Special Task Force (STF) and anti-terrorist squad in connection with the blast," Inspector General of Police (Agra Zone) P.K. Tiwari told reporters.
According to police sources, the state police in its report sent to the union home ministry late on Saturday said they were trying to ascertain whether the blast was a terror strike or an attack due to some business rivalry as there were a number of private hospitals near Jai Hospital where the explosion took place Saturday evening.
"We are working on the evidence gathered from the site. Everything will be shared with the media once we have confirmed reports about the nature of the explosives used," Special Director General of Police Brij Lal said here.
"Two of the four injured have been discharged from hospital," he added.
The explosion took place around 5.30 p.m. at the reception area of Jai Hospital, situated on a service lane of National Highway-2, barely 2.5 km away from the Taj Mahal, a declared terror target frequented by thousands of tourists -- domestic and foreign.
Security at the 17th century monument and other places has been beefed up in the city.
"It was a low-intensity explosion. It appears the explosive was kept under a seat at the hospital's reception area," Uttar Pradesh's Special Director General of Police Brij Lal had told IANS in Lucknow.
In New Delhi, union Home Secretary R.K. Singh said reports indicated wires and battery parts were found at the blast spot.
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Kiran Bedi says : Anna & Youth made Lokpal campaign a success

Saturday, September 17, 2011



Attributing the success of anti-corruption movement to people's participation, Team Anna members and former IPS officer Kiran Bedi on Saturday implored the young delegates at the Mind Rocks India Today Youth Summit 2011 that their support should continue so that the government is forced to legislate a strong Lokpal Bill during the winter session later this year.
"The movement was a success because of you and all credit goes to Anna Hazare," Bedi told the summit, which was held on Saturday in Delhi. She attributed her association with the movement to RTI activist Arvind Kejriwal, calling it an 'opportunity.'
She called for people to end their indifference towards how government is run, else it would give the people in power a free run to do corrupt dealings. They should be held accountable, she said, calling the government draft of the Lokpall bill ineffective.
Bedi said the government proposes to create two CBIs - saying the first CBI will be under the government control, while the other, the new one, would only investigate new cases of corruption. She asserted that a senior minister told her that the government is worried that an independent CBI under Lokpal may reopen old corruption cases like that of Bofors gun deal.
The fear of going to jail and usurping of property created by corrupt means will act as an effective deterrent for people like Suresh Kalmadi and A. Raja, she added.
On being asked what makes her sure the Jan Lokpal will not become corrupt, Bedi said, "It's very transparent. It has a search committee and it is very accountable. All its functioning will become website-oriented. It will be a harbinger of change."
Bedi summed up saying that she is still youthful at heart. Her passion, determination and drive to be just and fearless against pressure and adversaries remain intact. That is so because she trained hard as a sportswoman earlier in her life. She told the youth that what they do now in their formative years will have a lasting bearing on the rest of their life. She shared her experiences with the youth on how to deal with life. 
The former IPS officer, who calls herself a rebel by nature, told the gathering, her passion to stand against the unjust has remained undiminished since her childhood. She attributed this to her devotion to sports. Bedi was an ace tennis player and women tennis's Asian champion at the age of twenty.
Sports gave right focus to immense store of energy in her that helped her lifelong, she said. Bedi feels spiritual, mental and physical are all essential components of education and sports provide best training in the formative years. 
Saying she never lost her focus in life, Bedi said she joined the Indian Police Service at the age of 22 in 1972, a profession considered taboo for women. She added soon she became a role model for men during training years. She called it 'destiny' that she was transferred to Delhi. In 1975, she had a frank talk with the then IG Police (now called Commissioner) Delhi, P.R. Rajgopal, to persuade him to lead the January 26 parade in 1976. "This is one event that announced the arrival of women in the police force," she says raising fist in the air.
She never looked back. In 1982, Bedi issued a ticket to the driver of the then prime minister Indira Gandhi when her car was wrongly parked. "She was in power, so was I," Bedi said, asserting the point that policing has to be just and equitable. There cannot be two different standards for the rich and the poor.
She explained that she was perhaps not made the commissioner of Delhi Police, because she would have not bowed down to the will of politicians. Earlier, she was not given the charge of anti-terror wing of Delhi Police simply because she would have released people held illegally in the name of anti-terror investigations, she said.
Motivating the youth, she said, "Had I not been somebody, I would have been nobody. So, I never lost track of my priority. At 16, I knew when to say yes, when to say no... What you did in teenage returns to you at 20-23."
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Blast in Agra Hospital - Three injured - EXCLUSIVE Video



Three people were injured in a crude bomb blast in Jai Hospital in Agra on Saturday, police said.
The Inspector of Agra Zone, PK Tiwari said that the crude bomb was kept in a bag and exploded at the help desk of Jai hospital.
He also said that out of the three people injured, two sustained minor injuries and one person sustained burn injuries. All the three injured are being treated in the same hospital.

Three people were injured in a crude bomb blast in a private hospital in Agra on Saturday, police said.
The Inspector General of Agra Zone, PK Tiwari said that the crude bomb was kept in a bag and exploded at the reception of Jai hospital.
He also said that out of the three people injured, two sustained minor injuries and one person sustained burn injuries. All the three injured are being treated in the same hospital.


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No burden will be added on common man: Railway Minister




Amidst talk of possible passenger fare hike, Railway Minister Dinesh Trivedi today said that nothing will be done to “increase the burden” on common man.
“The easiest way is to raise fares. But that is not the idea,” Trivedi said. He claimed that even railway unions are pressurising him for fare hike.”I have got pressure from the unions for the fare hike but I am not going to do anything which will be a burden on common man,” the minister said,
Asked what was the way out, he said, “I will knock at the doors of the Prime Minister, Finance Minister. I will approach Planning Commission. We will also come out with innovative ways to raise fund.”
Pointing out that bus fares cost more than train’s, he said, “There are people who can afford many-fold hike. But what about people who are in rural areas. Rail is used by poorest of poor and we will not do anything that will create any burden on him. We have to think about them.”He said fuel price and consumption of electricity has gone up. “So why can’t we have our own power plant?”, he asked.
“Before we do that (fare hike) we have to think of all other options.”Trivedi said there is a need for improving catering service and increasing cleanliness in trains and stations.”We have to improve our catering and cleanliness. So before increasing the fares we must give back some thing to the passengers.”
Admitting to a fund crunch, he, however, said safety related work will not suffer due to it. “There will be no compromise on safety.”
On the recent Arakonnam accident, he said the Commissioner Railway safety, Southern Zone, is conducting the inquiry and preliminary report will be submitted. Before that nothing can be said, the Minister added.

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Shehla murder - Five lakh reward for informer




The CBI today announced a cash reward of Rs five lakh for providing information about the murder of RTI activist Shehla Masood, who was shot dead outside her house in Bhopal last month.
On September 3, a case was registered against unnamed persons by the Bhopal unit of the agency, CBI sources said here.
Shehla was shot dead when she was going towards her car outside her residence in posh Koh-e-Fiza locality in Bhopal on August 16.
Madhya Pradesh Police could not figure out the motive but suspected she was eliminated by some powerful persons against whom she had filed RTI applications.
Shehla had earlier gone on a hunger strike in Bhopal in support of Anna Hazare’s cause. She was also involved in other causes, including wildlife conservation.
Her father Sultan Masood had said he expected no justice, being a “lower middle-class person”, and did not think that police were probing the case sincerely.
He had alleged that in January, Shehla had filed a complaint with the Lokayukta that she feared threat to her life from senior IPS officer Pawan Shrivastava.
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MODI'S 72-hour fast starts


Gujarat Chief Minister Narendra Modi today began his three-day fast for “peace, unity and communal harmony” in the BJP-ruled state.
The BJP stalwart’s 72-hour fast under `Sadbhavna Mission’ coincides with his 62nd birthday. The venue, Gujarat University Convention Centre here – where a host of leaders from the BJP and its key ally Shiromani Akali Dal have arrived – has been put under strict vigil by the police.
On the eve of fast, Modi had issued a statement that was interpreted as his first sign of regret over the 2002 post-Godhra communal violence.
“Constitution of India is supreme for us. As a Chief Minister of the state, pain of anybody in the state is my pain. (Delivering) Justice to everyone is the duty of the state,” Modi had said yesterday.
Modi, in an attempt to reach out to the minority community, had said the state has realised that communal frenzy and casteism never helped anybody grow in the country and expressed “gratitude” to those who pointed out his mistakes in the last 10 years.
BJP leaders like L K Advani, Arun Jaitely, Mukhtar Abbas Naqvi, Sahanawaz Hussain, Smriti Irani and Chief Minister of Himachal Pradesh Prem Kumar Dhumal, among others, were present when Modi began his fast.
Punjab Chief Minister Parkash Singh Badal, whose party Shiromani Akali Dal is a key member of the BJP-led NDA, was also present.
Leaders of Shiv Sena, BJP’s ally for over two decades, and emissaries of Tamil Nadu Chief Minister J Jayalalitha of AIADMK are also expected to come here to in support of Modi.
In response to Modi’s move, Gujarat Congress leaders Shankarsinh Vaghela and Arjun Modhvadia also started their fast on a footpath in front of Sabarmati Ashram.



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India rebuffs China's objections to oil exploration

Friday, September 16, 2011





India on Thursday dismissed Chinese objections over its oil exploration projects in two Vietnamese blocks in the South China Sea, saying its cooperation with Vietnam was as per international laws and it would like the cooperation to grow. 

Noting that there was an active programme of trade and economic cooperation with Vietnam, External Affairs Ministry official Spokesperson Vishnu Prakash said cooperation in the area of energy, hydrocarbon as well as renewable energy was one of the important facets of it.

He was replying to a question on China asking India and other countries to refrain from oil exploration in maritime areas offered by Vietnam in the South China Sea, claiming it enjoys "indisputable sovereignty" there.

He said ONGC Videsh Ltd (OVL) has been in Vietnam for quite sometime in offshore oil and natural gas exploration field and that they were in the process of further expanding cooperation and operation and Essar, a subsidiary of Essar oil Ltd, has also been awarded a gas block in Vietnam.

"This is one important area of cooperation and we would like this area of cooperation to grow. Our cooperation with Vietnam or with any other country for that matter in the world is always as per as international laws, norms and conventions," Prakash said.

He also reiterated India's position that New Delhi "supports freedom of navigation in South China Sea and hopes that all parties to the dispute would abide by the 2002 declaration of conduct in South China Sea."

The issues are expected to find a place in the Joint Commission Meeting, to be co-chaired by External Affairs Minister S M Krishna along with his Vietnamese counterpart Pham Binh Minh, in Hanoi tomorrow.

China warns India on maritime explorations

The ongoing tension between India and China has taken a new turn with the Dragon nation issuing a warning to its neighbouring country asking it to refrain from any oil exploration in the disputed South China Sea.

Chinese Foreign Ministry spokesperson Jiang Yu said that India should avoid any agreement with Vietnam in the area, saying that China enjoys an indisputable sovereignty in the region.

“Our consistent position is that we are opposed to any country engaging in oil and gas exploration and development activities in waters under China's jurisdiction,” she said in reply to a question that Oil and Natural Gas Corporation (ONGC) is planning to come up with exploration projects in two blocks that Vietnam claims.

The tension between China, Vietnam, Philippines and some other nations in the areas has flared up in recent times amidst allegations that Chinese navy is continuously encroaching their areas.

China’s warning came at a time when Indian External Affairs Minister S M Krishna is scheduled to visit Hanoi this week.

Just recently, Chinese troops had also entered Indian territory in the Leh region and demolished bunkers.
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SIDBI working with NSE to set up separate exchange for SMEs




The Small Industries Development Bank of India (SIDBI) is working in close tandem with the National Stock Exchange (NSE) to establish a separate exchange for small and medium enterprises (SMEs), which will be unveil shortly.
S Muhnot, Chairman and Managing Director of SIDBI, said, “It will be a separate exchange within the NSE. It is likely to be operational in this financial year, may be another two months or three. The international venture funds, which are not coming to the MSME (Micro, Small and Medium Enterprises) sector today, will also come in the sector.” The SMEs would have the potential to secure equity from the market via the exchange and also develop their business.
Mr Muhnot has stated that SIDBI has been working to get the firms into the exchange. SIDBI has stated that it will unveil Nominated Investors Liquidity Fund, which will be helping these market makers.
Mr Muhnot has also stated that the Nominated Investors Liquidity Fund of nearly Rs 60 crore will be unveiled this year. The second fund will be India Opportunities Fund worth Rs 500 crore. Discussion for the third fund is taking place and it is expected to be worth Rs 300 crore.



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RBI surges key interest rates by 25 bps






The Reserve Bank of India (RBI) has surged the key interest rates by 25 basis points (bps), its 12th such surge since March 2010 since it is concerned about the high inflation. This move will make auto, home and other loans more expensive.
After the surge, the short-term lending (repo) rate was at 8.25% and the short-term borrowing rate (reverse repo) stood at 7.25%.
The RBI while making the announcement its mid-term review of the monetary policy has maintained all the other rates and ratios unchanged.
According to a statement from RBI, “The monetary tightening effected so far by the Reserve Bank has helped in containing inflation and anchoring inflationary expectations, though both remain at levels beyond the Reserve Bank's comfort zone.”
Although, RBI has revised the key rates many times since March 2010, but inflation has still risen from 9.2% during July to 9.8% during August this year.
RBI has stated that the monetary stance will get influenced by the inclinations of the downward movement in the inflation trajectory.
Moreover, the Gross Domestic Product (GDP) growth in the first quarter (April-June) of the 2011-12 financial year has moderated to 7.7% from 8.8% in the corresponding period year ago, after witnessing slowdown in the industrial output growth in July to 3.3%, which is the lowest level in 21-months time.



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Indian bakery market registering 8% steady growth: Assocham



India's bakery market is worth Rs 3,295 crore and it is witnessing a steady growth rate of 8%, stated the industry body the Associated Chambers of Commerce and Industry of India (Assocham).
More than 20-lakh tonnes of bread and 15-lakh tonnes of biscuits are manufactured in one single year. Moreover, Bread and rolls along with biscuits and cookies make up for 82% of the bakery products, said Assocham.
Furthermore, Cakes, pastries, buns and rusk make up for the rest. Nearly 65% of bakery products are manufactured in the unorganised sector.
DS Rawat, Secretary General, Assocham, “Due to increasing consumer gravitation towards convenience products and healthy food products, the bakery industry has undergone a virtual metamorphosis since 2004.”
Reports claim that the per capita consumption of bread is just 1.75 kg. The southern states consume almost 32% of the bread manufactured in India and in the northern, western and eastern states consume 27%, 23% and 18% respectively.
Moreover, Maharashtra and West Bengal have got large number of bakery units. Almost 55% of biscuits are consumed in the rural areas due to long shelf life and also popular taste, stated Mr DS Rawat.



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Petrol prices up by Rs 3.14/litre






The government owned oil firms have increased the petrol prices by Rs 3.14 per litre on the back of increase in the cost of importing crude oil following the depreciation of Indian currency at two-year low against the US dollar.So, how much do you now pay for a litre of petrol? Experts said the price in Mumbai would go up to Rs 71.92 from the current Rs 68.62 a litre. This would include additional state government taxes.



NEW DELHI: The government-owned oil firms have increased the petrol prices by Rs 3.14 per litre from the midnight tonight on the back of increase in the cost of importing crude oil following the depreciation of Indian currency at two-year low against the US dollar.
As per the government, the petrol price hike is an attempt to balance domestic rates with international prices as oil retailers are losing Rs 2.61 per litre or Rs 15 crore per day on sale of petrol.
State-owned oil firms like Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindsutan Petroleum Corp (HPCL) have witnessed losses of Rs 2,450 crore this financial year on selling petrol as the petrol prices were freed from government control in June last year.
On the current petrol rate, oil companies will increase another Rs 2,850 crore of loss on sale of petrol, taking the total loss on a fuel to Rs 5,300 crore for the full fiscal.
Apart from petrol, the three state-owned companies are losing Rs 263 crore per day on selling diesel which is being sold at a subsidy of Rs 6.05 a litre, kerosene at Rs 23.25 per litre and the rates of domestic LPG are under-priced by Rs 267 per 14.2-kg cylinder.
Earlier, the three oil firms had raised petrol price by Rs 5 a litre in May and the prices of diesel, domestic LPG and kerosene price were hiked in June by Rs 3 per litre, Rs 50 per cylinder and Rs 2 per litre.



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