Business News This Week

How to stay financially fit during crunch?

2013-05-18T21:28:00.002+05:30

Uncertainty is the beauty of life; the personal finance is full of uncertainty as well. Having fixed income has been the best and secure way to lead a descent life, and that is what everybody tries to achieve in their life.

During the financial crunch, which may strike at any time, one should always be prepared for that. Managing personal fiancé involves discipline lifestyle and few management approaches those to be implemented.

Obviously, no one anticipate that it could strike so early, he or she is being already trapped in financial crisis. Hardly do there any time left for the person to undo his or her past actions.

While managing personal finance for a tough situation one should aim for sustainability alongwith meeting the current requirements. For that, the current savings could be allocated in portfolio to get proper return.

The big question is how much fund does one require to maintain the current income sources intact? The answer is very simple, but just more than impossible to implement. The answer to that query is, one does need around 130 times of his current monthly income, to get the equal amount of monthly income from the funds.

That sounds nonsense for many but true indeed, if you want to have your income regularly from sources without having single effort. In order to manage personal finance, one need to focus on the expenditure site, whether any waste expenditure is being incurred, which immediately need to be cut off from the expenses list?

The basic law is that one should maintain surplus in income to avoid any financially disturbed life. The best mantra is to strike a balance; it should be towards surplus side of income and deficit side of the expenditure.

Do not worry during the financial crunch time, rather you can sit down and plan everything beforehand it drown you completely into crisis.

IPL Fixing rattles Cricket Lovers

2013-05-18T09:38:00.000+05:30

How did you feel about the recent fixing tales in IPL matches? The peace bowler Srishant has accepted his blunder of spot fixing, and the media has also highlighted his indication to bookies in form of signals while bowling.

Cricket is no longer to be call game of Gentlemen’s. Racism and fixing have been there in the international cricket. Some of the Pakistan cricketers were charged with fixing matches recently and perhaps this is the first time that it moved on IPL players.

Surprisingly, the trio players betrayed the people and cricket lovers with involving the spot fixing. The game of the Indian Premier League (IPL) has been on the successful tournaments in the world.

The tournament has been one of the most expensive and profit making venture, where all owners, those invested have been doing simply business by entertaining crowd.

The channels have been also earning huge chunk of profit by telecasting it. The fixing was there to gain from spot fixing, and the three players reportedly agreed to dance to the tune of bookies, which landed them behind bars leaving a mark on the IPL game.

After the issue of the spot fixing the taste of IPL has been fade away. Cricket fans might not be fond of cricket again at least over the IPL matches, and may not take the rest of the matches seriously.

Auditions for Miss ICON India 2013

2013-05-17T21:34:00.001+05:30

The auditions for India’s premier female model contest Miss Icon India 2013 are going to be organized from 24 May 2013 to 13 July 2013. The auditions will be conducted in Mumbai, New Delhi, Chandigarh, Jaipur, Hyderabad, Nagpur, Ahmadabad, Raipur, Bhopal and Indore. Total 20 candidates will be selected for semifinal round and top 3 candidates will perform in Grand Final, which is scheduled to be organized on 10 August 2013.

The selection of candidates will be made on their performance in three main sessions- scanning round, semifinal round and final round. In the scanning round candidates will undergo the process of registration, audition and final scanning. Selected 20 Models in semifinal round will get 1 Lac in INR cash prize and 1 year working contract.

In Grand Final Round there will be a grooming and training session in which final Contestants will be professionally groomed & trained by experts from various fields like Personality Development, Skin & Hair Care, Diction, Ramp-walk, Modeling & Physical Training for 20 days. Then in a sub event scheduled in Goa the titles of Miss Beautiful hair, Miss Beautiful eyes, Miss Beautiful body, Miss photogenic face, Miss beautiful smile and Miss talented will be awarded. Miss ICON India 2013 will be selected in Grand final, scheduled in Indore.

Managing Director of the W3N! What Next Mr.Aashish Dhakad told, “B-Class cities are displaying enormous talent. Keeping this in mind, we are organizing Miss ICON India 2013.”

Director Marketing Ms.Shreya Soni told, “Miss ICON India 2013 is a platform for the girls, who want to make career in TV and film industry.”

Miss ICON India 2013 is India’s premier female model contest celebrating its 2nd year in 2013. It opens the gates of opportunities for aspiring female models. It tests candidates for their true beauty, which is a combination of virtue, intelligence and presence of mind. Selected candidates get the chance to work with some good brands, shoots etc. All contestants receive a certificate, a high quality professional portfolio and a perfect platform to show their talent. This platform brings several established names from the industry together.

This gala event will be supported by a 360 degree promotional plan including TV, Radio, News papers and magazines, hoardings, online promotion and other popular modes of communication. The marketers and promoters will get a chance to connect directly to their target audience.

For More Details Please Contact: Atul Malikram [atul@atulmalikram.in]

Reliance Retail to launch Reliance Digital Express Stores

2013-05-17T09:46:00.000+05:30

Reliance Digital Express store, a customized version of Reliance Digital, the electronics arm of Reliance Retail will be launched in Mumbai on 18th May, 2013. The Reliance Digital Express stores will host safe, secure and latest technological devices used in everyday life.These stores will be operational in Bhandup ,Bandra and Prabhadevi areas from 18th May 2013.

Reliance Retail has focused on concept stores to cater to the various needs of Indian consumers. Carrying forward this vision, the electronic durables customized store known as Reliance Digital Express will be launched in many more locations starting with Mumbai.

The idea behind Digital Express was to create awareness about the latest technological advancements taking place across the world today and bringing them together under one roof. At these stores, you can get various home security systems, all kinds of information about how to use the latest electronic and wireless devices, viz. how to use video calling from your latest gadget, how to stream movies directly from the cloud or how to use high tech camera enabled intercoms. The well-trained team at Digital Express stores will help to solve any queries and also guide you through choosing the best-fit option available that suits your needs.

The store will have latest gadgets including smartphones, ultra books, HD speakers, music players, smart TVs and many more such gadgets which make a better lifestyle. As a part of its launch program, there are many exciting offers on products where you can get discounts, freebies and gift vouchers on any of its stores for the first three days.

The stores are designed considering the intrinsic requirements of gadget freaks. As for example, it lends a corner to experience each gadget individually in its own environment. It will create a superior shopping experience for its customers. Branded as the world’s coolest technology store, these series of stores will open new arenas of using customized technology equipments.

Reliance Digital Express is an addition in the kitty of Reliance Retail, the retail arm of Reliance Industries Limited. Reliance Retail is the largest retail chain in India and is set to expand even further in the upcoming years.

WeChat Set to Reinvent Social Communication on Mobile in India

2013-05-17T09:31:00.000+05:30

Mumbai: WeChat, a leading global mobile social communication application with 300 million registered user accounts worldwide, unveiled its latest brand campaign to boost its marketing effort with rising Bollywood stars Parineeti Chopra and Varun Dhawan as the brand ambassadors of WeChat in India.

The brand campaign captures the true spirit of WeChat of being young, effervescent and instant. The campaign also showcases WeChat‟s unique and distinctive features like Voice Messaging, Group Chat, Moments & special Emoticons in an exciting, innovative and engaging manner.

With a bundle of innovative features like „Hold-To-Talk‟, WeChat is all set to re-define the way people communicate with each other. WeChat‟s „Hold-To-Talk‟ is the first application in communication space which enables users to send voice messages at the touch of a button. „Moments‟ is another key differentiating feature of WeChat where users can post image or text and share with their selected friends in a secure way.

WeChat has already become a rage amongst Indian youth and is the top app downloaded daily on the AppStore. WeChat‟s daily users have grown 5 fold in the last 1 month.

WeChat has also introduced “Official Accounts” on its platform, a feature that can be utilized by companies and merchants to build interactivity with their fans in a new and innovative way. Leading brands like Café Coffee Day, Big Bazaar, Yahoo! Cricket, Goibibo, Santa Banta, and Tradus are amongst the earliest brands to start their Official Accounts on WeChat in India.

The global top free mobile social communication application WeChat, was launched in India in July last year across iPhone, Android, Symbian, and Windows Phone platforms and was recently launched on the BlackBerry platform as well.

Photo: In the photo- Varun Dhawan, Dennis Hau, Parineeti Chopra & Rahul Razdan at the WeChat launch event in Mumbai.

Gujarat Alkalies Quarter 4 Results

2013-05-17T09:17:00.000+05:30

Gandhinagar, Thursday, the 16th May, 2013: The Board of Directors of Gujarat Alkalies & Chemicals Ltd (GACL) in their meeting held at Gandhinagar on 16th May, 2013 has approved the financial results for the fourth quarter and for the year ended on 31st March, 2013.

Shri M S Dagur, IAS, Managing Director of the Company stated that the Company has achieved highest ever Net Sales of Rs.1,794.31 crore for the year ended on 31st March, 2013 against Rs.1,698.22 crore in the corresponding previous year. Net Sales for the quarter ended on 31st March, 2013 achieved at Rs.459.47 crore against Rs.422.12 crore in the similar quarter of the previous year despite competitive market conditions and depressed economic scenario.

The Company has achieved highest ever Profit Before Tax of Rs.336.83 crore for the year ended on 31st March, 2013, which has increased by 50.76% as compared with Rs.223.42 crore of the previous year. Similarly, it has achieved the highest ever Profit After Tax for the year to Rs.235.35 crore, which has increased by 53.21% as compared with Rs.153.61 crore of the previous year. This performance is mainly due to improvement in price realizations during the year in majority of its products barring Chloromethanes, Aluminium Chloride and Chlorinated Paraffin Wax and cost control measures.

The highest ever Profit Before Tax of fourth quarter is Rs.121.41 crore, which shows an increase of 70.52% as compared with Rs.71.20 crore in the similar period of the previous year. The Profit After Tax for the quarter achieved at Rs.80.73 crore which has increased by 82.61% as compared with Rs.44.21 crore in the similar period of the previous year.

He further informed that the Board has recommended a dividend of 35% on equity shares of Rs.10/- each i.e. Rs.3.50 per share considering the improved performance.

He also added that the financial ratios improved significantly at the end of the year on 31st March, 2013 as compared to the year ended on 31st March, 2012:

Earning Per Share - Rs.32.05 from Rs.20.92
Cash Earning per Share - Rs.66.50 from Rs.51.01
Return on Equity - 13.03% (Before Dividend) from 8.15% (After Dividend)
Debt Equity ratio - 0.12 : 1 times (Before Dividend) from 0.20 : 1 times (After Dividend)
Book value per Share - Rs.246.02 (Before Dividend) from Rs.213.83 (After Dividend)
Interest Coverage Ratio - 61.66 times from 20.04 times
Debt Service Coverage Ratio - 6.23 times from 2.74 times

Indian Metals & Ferro Alloys (IMFA) announces highest turnover

2013-05-16T10:30:00.000+05:30

Odisha based and India’s leading value added ferro-chrome producer, Indian Metal & Ferro Alloys (IMFA) has witnessed the highest ever turnover in its operational history.

As per the reports published In OdishaDiary, IMFA’s FY13 revenues are valued at Rs 1,273.25 cr and EBIDTA (Earnings Before Interest, Taxes, Depreciation and Amortization) at Rs 284.43 cr. IMFA exports have also seen a marginal increase of more than 12 crores.

As compared to FY12 revenue stats, IMFA has 7% more revenues in FY 13 and the EBIDTA has seen 21% growth as compared to the stats of FY13.

While announcing the results MD & CEO of IMFA, Mr. Subhrakant Panda said “The year gone by has been extremely challenging with demand remaining muted and all commodity prices coming under pressure. Results for FY13 and, in particular, Q4 were impacted by higher depreciation on account of the commissioning of Unit 1 (60 MW) of the new Captive Power Plant, deferred tax and an exceptional charge relating to the Posco joint venture. However, the long term impact of the new power generation capacity and the joint venture far outweigh any short term implications and we remain confident about future prospects."

While the overall profit did see a dip, MD Subhrakant Panda indicated that there are good days ahead. Just six days back Mr. Subhrakant Panda has got elected as President of IMFA Group. IMFA has been operational in Odisha from more than 50 years and has been associated with the people of Odisha through business, entertainment and social activities. [Source - OdishaDiary]

Agriculture in India, an overview

2013-05-16T09:58:00.001+05:30

India is the second largest producers of wheat and rice in the world and the contribution of the agriculture sector has been magnificent for many decades. Bu the pace of the agriculture growth has been unable to complete with the growth rate of the Indian economy.

Agriculture and allied sectors have been contributing around 16 per cent to the Gross Domestic Product (GDP) in 2009. India is a country of rural population and majority of the population do reside in villages, where the reach of the tertiary sector is limited or beyond their reach.

The poor infrastructure and irrigation facilities were some of the major concerns that Indian famers have been facing. Considering the job sector in India, agriculture still plays vital role in job creations. Youth in rural area have been engaged in the agriculture sectors and contributing a lot in the development of the nation in both social and economical.

The recent reports of farmers suicide were some the stains on the India system that should need the proper attention towards their problem. However, the agriculture credit waiving schemes were some of the major schemes that government has started in that direction.

Despite the hindrances, India becomes the second largest producer of several dry fruits, agriculture-based textile raw materials, roots and tuber crops, pulses, farmed fish, eggs, coconut, sugarcane and numerous vegetables in the world.

Comparing to the industrial growth index the agriculture sector has been performing well and it should be given chances to excel further. The Gramin Sadak Yojna and golden quadrilateral projects helped a lot to farmers and ultimately given some benefit to the agriculture sector.

The major aim was to connect the rural area to urban area has been successful, which was proved a milestone in the growth of agriculture sector in India. As per the macro economics terms, agriculture in India involves seasonal employment due the lack for proper irrigation facilities.

But the scenario has been changed in some areas, where farmers are getting benefit of double crops including Kharif crop. Earlier, they used to have single crop after the monsoon, the double crop has doubled the productivity.

Due the monsoon, the green revolution might not be witnessed in all the states of India leaving few, those have been good record of agriculture production.

In fiscal year ending June 2011, with a normal monsoon season, Indian agriculture accomplished an all-time record production of 85.9 million tons of wheat, a 6.4 percent increase from a year earlier. Rice output in India also hit a new record at 95.3 million tons, a 7% increase from the year earlier.

PM files Nomination for RS Seat from Assam

2013-05-15T17:14:00.000+05:30

Prime Minister Dr Manmohan Singh has filed his nomination for fifth Rajya Sabha term in Guwahati today, as his Upper House tenure would end on June 14th.

The poll for the two Rajya Sabha seats in Assam would be held on May 30, for which the Prime Minister has filed his nomination papers.

He submitted his nomination papers to GP Das the Legislative Secretary of Assam assembly.

The Prime Minister held the meeting of the Congress Legislature Party in Assam assembly prior to filing his nominations for the firth term of the Upper House.

Dr Singh was accompanied by Tarun Gogoi the Chief Minister of Assam, Bhubaneswar Kalita the President of Assam Pradesh Congress and other ministers.

However, media was not allowed inside the premises to cover the filing of nomination papers by Dr Singh. After filing nominations, the Prime Minister came out and tried to speak to media persons there but due to protest there, he left for Airport.

Congress to Shine in Odisha?

2013-05-15T10:11:00.000+05:30

After Karnataka, the Congress party may eye for victory in Odisha. The political scenario in Odisha is quite similar to Karnataka. There B S Yeddurappa was successful in dethroning the Bharatiya Janata Party. In a move to strengthen the party, the Congress chief has appointed Jayadeb Jena as Odisha Pradesh Congress Committee president replacing Niranjan Patnaik.

Pyari Mohan Mohapatra one the key member of the Biju Janta Dal (BJD) left the party and formed his own Odisha Jana Morcha(OJM). There were many media reports that Pyari’s party OJM may damage the vote bank of the BJD. The state is also heading for the mega poll and all the parties have been preparing for the mega battle.

And to strengthen the party in Odisha, the Vice President of Congress party Rahul Gandhi had visited many times and attended party meetings. This time the Congress party seems get back to its original power, as once it was the ruling party in Odisha.

The new Congress chief Jayadeb Jena would have many duties to perform and most them could be organizing the party and making it much stronger to contest election on all the constituencies for the both General Elections and Assembly Elections.

Congress party unit of Odisha had also celebrated the victory of the party in Karnataka. The partymen would be planning for a mega success of their performance in the forthcoming elections, with the new chief of Odisha Congress.

Inflation dips below 5%

2013-05-14T20:10:00.003+05:30

The headline inflation plunged below 5 % in April 2013. According to government data released on Tuesday, the wholesale price index (WPI)-based inflation was recorded at 4.89 per cent in April. The inflation was at 5.69 per cent in the month of March.

The inflation is below five per cent, for the first time the figures were seen below five after November 2009. The moderation in the inflation could prompt the apex bank to cut further key interest rates.

In economics, inflation is referred to rising prices and fall in the value of money (in exchange).

Recently, the Reserve Bank of India had cut the key interest rates following moderation in the inflation. A further cut would help the stock markets to gain more confidence.

The equity market in India has been seen strong as the BSE Sensex was zoomed to the highest of 20,000 mark, after many choppy sessions.

The inflow of the fund into the stock market by the foreign institutional investors (FIIs) was high in the first week of the May 2013. For the same period, the FIIs had poured Rs. 26,000 crore rupees into the Indian equity market.

The easing inflation could be a bit of relief for the consumers as they witnessed a moderate cut in the petrol price by the government of India.

Considering all the above cases, it could be projected the Indian economy has been on the track gain from the economic slowdown.

However, some negative forces like the uncertain political activities, border tension with China, devaluation of rupees in the international forex market and low industrial growth rate could pose threat to Indian economy and may derail it from the path of recovery.

How to win elections?

2013-05-14T19:43:00.000+05:30

Elections are being held in many parts of the world, of late. Recently, the election was held in Pakistan, and Indian state of Karnataka. The most common thing about elections across the globe is the campaign.

Election campaign has been the core in the arena of elections. Whatever may be the predictions made by psephologists predict but the impact of the campaign was loud and clear on the election results.

The prime motto of election campaign is to win the election and for that leaders’ presence in public domain is inevitable.

From the Parliament elections to corporation elections in India, the election process involves high voltage drama packed campaign. And leaders do adopt very new and dynamic methods to reach voters.

The Gujarat elections held and the campaign strategy was full of use of modern available technology. Narendra Modi used the 3D feature to address, hanged live on Google + leaving the servers jam for hours.

In Pakistan, Imran Khan was injured but reached millions of his fans and voters through video conference.

In rural areas in India, the election fever is also influenced by the best election campaigns. The political leaders know how to use the public domain to reach their voters.

Often political leaders are seen on television shows, and their presence on the show gives them the advantage to being views by millions of voters.

Best election campaign could give victory. Leaders do like to have the best election campaign after all it matters to win the elections.

Will Indo-Pak Relationship to Shine?

2013-05-13T09:20:00.002+05:30

Photo Credit:economist.com

The people of Pakistan have given mandate to Nawaz Sharif, making him as the Prime Minister of Pakistan for the third time. The democratically elected government in Pakistan have greater role in shaping the relationship between India and Pakistan.

The recent incidents like, attack in JK – beheading Indian military, hanging of Kasab in Pune, death of Sarabjit Singh in Lahore and death of Pakistani in JK jail, were some of the recent developments that adverse to the Aman Ki Asha.

No doubt in that the relationship between India and Pakistan were good. And the both governments should try to restore peace. And the fact can’t de denied that the Army in Pakistan still have much influence on the government, and it may topple the government as happened in past.

If everything goes fine with the Pakistan newly elected government and Indian government, the peace restoration could begin with anytime between the two countries. The issues including cross border terrorism, JK, PoK and bi-lateral trade would at the major to focus for the government to discuss.

In past many talks between India and Pakistan failed resulting unrest along the border. However, the governments will aim to combat terrorism as duo nations have been facing the terrorism for long time.

Pakistan would try to combat the Taliban rule in the north, while India would try to combat the cross border terrorism.

No Idea Why China's Army defy LAC

2013-05-10T09:43:00.002+05:30

India did not seek explanation to China over the incursion by the People’s Liberation Army in Ladakh during the visit of External Affairs Minister Salman Khurshid to China.

On Thursday, Khurshid discussed with his counterpart Wang Yi in China and expressed satisfaction over the bi-lateral talks between India and China.

Interestingly, Khurshid told media that“it is not clear why it happened.”

It is not clear that what was purpose behind fixing tents inside Indian border by the Chinese army and why they did withdraw from there.

India should not reach to any conclusion that peace restored between the two nations since army tents were withdrawn from India border, rather it should keep option open for further dialogues to avoid any further threat from China.

BJP lost in Karnataka

2013-05-09T10:06:00.001+05:30

The recent verdict by voters in Karnatka have defeated the corruption in politics. BJP was ruling party there, which reduced to only 40 seats, where as Congress gained 121 seats out of 224 legislative assembly constituencies in Karnataka. Election was held for 223 seats on May 5, 2013.

Congress is the single largest party in the state, which will form the government in Karnataka after a gap of 9 years.

The BSY and Lingayat Community have deserted the BJP and brought it to minority in the sate. As expected the BJP has lost the only southern state having rule there. The core issue was the corruption, and BJP had to face the music.

If the same equation works in the next general elections, then Congress-led UPA might face the same, as the list of scam there with coalition government at centre.

The NaMo factor did not work there in Karnatka, and time for the party to streamline its further strategies for the next general elections in India.

Indian Govt. Clears 17 FDI Proposals

2013-05-08T09:53:00.001+05:30

In a significant development in the Foreign Direct Investment Arena, the government of India has given green signal to 17 foreign direct investment (FDI) proposals worth Rs.262.52 crore considering the recommendations of the Foreign Investment Promotion Board (FIPB) on Tuesday.

The move will boost the market sentiments in India, which has been green this month. The stock markets were advanced due the rate cut by the Reserve Bank of India (RBI) and right market conditions in May.

However, the political issues might affect the trading but the with the UPA government continuing its economic reforms to bring back the economy from the clutches of the slowdown, are certainly to gain the confidence of the investors both domestic and foreign investors.

According to media reports, the investments have been pouring into India, in the first week of May as the FIIs have pumped around Rs.26000 crores in Indian equity markets. That shows that the foreign investors have faith on the stock market and ultimately the economy is on the back to track of good growth rate.

The growth rate of five percent is however low, but in the conditions of the slowdown; the rate could be justified since in 2008 recession Indian economy had sustained the growth rate, whereas other economies in the world have tumbled to recession.

The more and more inflow of fund will give boost the liquidity in the market as well as in the economy.

Corruption is Once Again Issue in Indian Politics

2013-05-07T09:32:00.001+05:30

The row of the 2G spectrum has been buzzing recently and one more issue of railway job scam came into limelight. The opposition party, BJP started demanding resignation of railway minister and law minister over the corruption charges.

The issue of corruption once again back into Indian politics with bang. This time the UPA government should tackle the charges and act against those guilty, in order to save the image of clean government.

Meanwhile, in 2012, the country has witnessed a major battle against corruption by the leader Anna Hazare. And in 2013, also Anna may start crusade against the tainted ministers and attack the government over the corruption charges.

The country is going to have major battle of election for the Parliament in 2014, and the issue of corruption is sure to change the political scenario in the India.

The opposition is in no mood to leave the issue without getting attention of people towards the corruption issue.

Is advertising helping business and economy?

2013-05-04T09:31:00.000+05:30

The core objective of advertising is the sale or earns major profit for company. When it comes to the interest of the economy, the advertising has indirect impact on the economy. Obviously, it has been helping the economy in form of multiple taxes, the company pay, customers pay, and traders pay as excise tax.

In a capitalist economy, the scope of advertising would be vast, where are in a mixed economy it could be less than that. But the word ‘globalization’ has somehow changed the meaning of the classifications of the economies.

Many countries in the world have free trade and protection – foreign trade policy, keeping the interest of their companies and industries. However, in the peak age of globalization, no economy could survive without entering into foreign trade tie-ups.

Coming back to the industries and companies, the advertising cost is the input for a cause that educates consumers and sales brand. In India, the television advertising is pegged at Rs.13,000 crore and its it’s huge amount if the whole GDP is taken into consideration.

A government welfare scheme is incurred around as much as amount to reach the people or bring them under the cover the policy. Companies do spend more and more on adversiting to reach vast customers, the input later could be turned into sales.

No doubt that a economy is being boosted by the companies and their advertisement. The arena of advertising is also helping in job creation, which is one the path of the sustainable development for economy.

The correlation of advertising industry is with many multiple industries like – entertainment industry, television industry, media and moreover it could a umbrella shape of service that provides to all and cover all.

Advertising agencies have been delivering the best services to their clients through their creativity, which the customers do like always. Just imagine, a television show without ads would be just boring and new advertisements do add glamour into the programme.

In order to make the companies more successful, consumers need to give their support to the advertisements, which would ultimately help the business and economy.

Sarabjit: A death of Indian in Pakistan Jail

2013-05-03T09:46:00.002+05:30

Once again the ugly face of Pakistan jail mets witnessed in terms of the death Indian prisoner - Sarabjit Singh, who was in Pakistan jail for last 23 years. Recently, he was attacked by inmates in the jail, and on Thursday he breathed his last.

After the hanging the terrorist, Kasab, it was the duty of the Pakistan jail authority to provide adequate security to the Indian prisoners in Pakistan. But seems hardly do that was implemented.

After the death of Sarabjit Singh in Pakistan, Indian government has re-issued advisory to all state governments to ensure proper security to 220 Pakistan prisoners in Indian jails.

The death of Indian prisoners could not be taken lightly, as it was not the failure of the security system in the Pakistan, but raised may questions over the moral.

This could be a biggest political game inside Pakistan for the election victory. And may be a trump card to play the game of politics in Pakistan.

What to expect from 'Aman Ki Asha', if Indian are subject to perish like animals in Pakistan. This was the case of the a civilian, and who know what has been happening with prison-of-war or Indian military in Pakistan jails.

LS Speaker rejects Opposition demand to remove JPC Chief

2013-05-02T16:50:00.002+05:30

Lok Sabha Speaker Meira Kumar rejected oppositions demand to remove PC Chacko, the Chairman of Joint Parliamentary Committee (JPC) on Thursday.

PC Chacko has recently presented a draft over the 2G telecom spectrum scam. In the report he had given clean chit to Prime Minister and Chidambaram, the finance minister.

The opposition had demanded the removal the the chairman of the JPC following his draft report giving clean chit to the Prime Minister and Finance Minister.

However, over the draft report, A Raja reportedly cleared that Prime Minister was the process of 2G spectrum allocation.

PR 24x7 Network Limited enters Punjab and Haryana

2013-05-02T15:54:00.001+05:30

A leading PR agency of north India and India’s First PR Company to have ISO 9001:2008 Certification for global standard and SA 8000:2008 Certification for implementing Corporate Social Responsibilities Standards PR 24x7 Network Limited is all set to penetrate Punjab and Haryana, the two rapidly growing markets of India. With the opening of its office at Sector 8, Panchkula, PR 24x7 will be able to consolidate its position further in North India by providing its services at grass root level with enhanced local reach in the region.

On the commencement of its office in Chandigarh, Atul Malikram, Director, PR 24x7 Network Limited said, "Haryana and Punjab have always been my target right from the day of inception of this company. We are confident that with the addition of Chandigarh office in our network, we shall be able to provide better services to our existing as well as future clients."

Public relation is among the fastest growing sectors of country. It is likely to hold the leadership position in a very short period. No organization can question the significance of public relation in its business activities. "Chandigarh is one of the most important markets of the country having Rajiv Gandhi Technology Park with key IT players like Infosys, Net Solutions, and IBM Daksh etc. It is the first planed city in India. The local administration is providing excellent infrastructure to accommodate numerous Indian and foreign I.T. companies so as to develop it into an industrial hub. Due to its high income group population, there is a continuous inflow of luxury services in this city. All these factors make Chandigarh a natural choice for expansion of our business there. From this office we will provide PR services as well as support media monitoring and research," says Mr. Malikram.

Malikram further adds, "With its registered office in Indore, MP, PR 24x7 has a strong network in 11 states and 44 cities. It is providing excellent services to clients since 2006. In 2012 we opened our office in NCR and now we are going to open our wing in Mumbai shortly. Right now we are providing our services to more than 140 clients and PR agencies through our team of more than 75 well experienced professionals. We will soon be offering electronic tracking and social media solutions. We also have plans to issue public shares in 2015."

Anuj Anand, Head, Punjab and Haryana said, “Apart from its business activities, PR 24x7 also take care of social activities, e.g. providing food and medicines to needy senior citizens, Day Care Centre etc. Inspired by the tale “MANZILEN ABHI AUR BHI HAIN”, PR 24x7 is marching ahead to search the new era.”

For more details please coordinate- Atul Malikram
9827092823
www.atulmalikram.in

Petrol price slashed by Rs.3

2013-05-01T09:30:00.000+05:30

The petrol price has been slashed by around Rs.3 across India on Tuesday by the state-run retailers. This is the highest cut in the petrol price since 2008. Due to the fall in the crude price in the international markets, the price of petrol in India was down.

Since the deregulation of the petrol and diesel in India, the prices are being fluctuated with the international crude prices. The cut the petrol price would give some relief to the consumers, since they had paid high petrol price last year because there was steep rise in the petrol price.

The strengthening rupees in the currency market have helped to bring down the petrol price in India. The price of petrol in Bhubaneswar is at around Rs62.40 per litre after the fall in the petrol price.

BJD calls Odisha Bandh Today

2013-04-26T09:45:00.001+05:30

Odisha bandh called by the ruling party Biju Janata Dal (BJD) effecting normal life in the state. However, the party has decided not to affect the essential services in the state while going for the bandh.

The strike was called opposing the central government and its apathetic look towards the state. In the morning, there were mixed reaction to the bandh in various parts in the state.

In the capital, Bhubaneswar, the city bus plying affected leaving commuters at much hassles. While it is reported that, a bit of relief for them as auto plying in the city was seen as routine.

Future of Sino-Indian relations?

2013-04-25T16:17:00.001+05:30

What is the feature of Sino-Indian relations? Tension between China and India at peak following entry of China's military into Indian territory.

According to media reports, military for China entered into 10 km Ladhak region violating the border rules. However, the China on Thursday said that that the country did not break any rule along the border.

Amid the high tension between the duo Asian countries, the External Affairs Minister of India Salman Khurshid to visit China on May 9.

Khurshid would have dialogue with his counterparts in China over the border dispute and updates.

Considering the recent issues along the border, it could be considered that the high tension along the Indo-China border to weigh high on the Sino-Indian relationship.

Government Stands by its Mukesh Ambani Security Decision

2013-04-23T09:42:00.000+05:30

The Union government is defending its decision to offer Z category security cover to industrialist Mukesh Ambani. While there has been a fair bit of criticism in the media, the government has chosen to take a stand & has stated that the threat perception to the RIL honcho is very real.

Congress spokesperson Manish Tewari was also quoted as saying that “security is given only after a threat perception assessment.”

Reliance Industries Ltd. chairman Mukesh Ambani had reportedly received death threats from the infamous terrorist group, Indian Mujahideen. This is the same organization that had carried out a numerous devastating terror attacks across the country including the recent Bengaluru and Hyderabad blasts. Sources reveal that the letter proclaiming the death threat was hand delivered at Mr. Ambani’s south Mumbai residence.

Government sources claim that the decision to provide the high profile security cover, given only to a select few, has been taken only after considerable due diligence and threat analysis by law enforcement agencies including inputs from the Intelligence Bureau which has strongly recommended round-the-clock security cover for Mr. Ambani.

As part of the enhanced security arrangement, the RIL chairman will now have armed commandos with escort vehicles accompanying him all the time.

ABP news quoted Union Home Minister, Sushilkumar Shinde, as saying that Mr. Ambani would be paying for the security cover. The industrialist’s existing security entourage isn’t fully equipped to handle the current threat level - both in terms of resource deployment as well as weaponry, further denting claims that the security cover is unjustified. Also, this should prevent it from becoming a burden on the state exchequer.

According to standard operating procedures, every law abiding citizen has the right to security cover should there be a direct threat to his or her life. Given the serious nature of the threat, the CRPF has been assigned the task of protecting Ambani.

This furore has sparked off a debate in some circles that important business leaders should be given security, given the fact that politicians, with their poor track record are guarded round the clock. Also, the question of placing an additional burden on the exchequer has to be viewed in a different light in the RIL chairman’s case – whose enterprise contributes to almost 3% of the country’s GDP.

The home ministry stated that Mukesh Ambani is a “national asset”. It is a fact that 15 lakh people depend on Reliance Industries for their livelihood. In this context, we should be reflecting on our process of government involvement in security provision for business denizens.