VOL: 3 ISSUE 4
VCK HQ to be evicted
HC declares encroachment
Chennai, July 24:
Madras High Court has
ordered eviction of the
Viduthalai Chiruthaikal
Katchi (VCK), led by Thol
T h i r u m a v a l a v a n , M P,
headquarters from a piece
of land in Ashok Nagar in
Chennai, declaring it an
encroachment.
Mr Justice M
Jayapaul directed the
Commissioner of Police to
take back possession of
the land in question from
the encroachers within 15
days.
The case was
filed by Mr Dittakavi
TTDC's Banana Fest
begins Jul 25
Chennai, July 24 : With a
view to encourage
consumption of bananas, a
two-day Banana Festival
would be held at the Island
Grounds here on July 25
and 26.
About 22 varieties
of banana grown in the
state would be on display at
t h e f e s t i v a l , Tou r i s m
Secretary V Irai Anbu told
reporters here last
evening.
The Tamil Nadu
Tourism Development
Corporation (TTDC) and
the Tourism department
would jointly organise the
event.
It was for the first
time a festival was being
held, aimed at encouraging
the consumption of
bananas besides giving a
fillip to the sale of value-
added banana products.
''If it draws
tremendous response from
public, we will make it a
Chennai, July 24, 2009
A n a n t h a headquarters is located. 2007, an encroachment Since then the and possession over the
Padmanabhamoorthy, According to the attempt was thwarted VCK headquarters had said property.
Mr Kandhukuri Saibaba petition, the property after a complaint was functioned from the said The High Court
m a d e t o t h e property. yesterday held that the
Commissioner of Police. The petitioners order of the Mambalam-
Subsequently, a held that the Tahsildar Guindy Tahsildhar as
hearing was held by the failed to consider the frivolous and nullified the
Mambalam-Gunindy earlier orders by the civil order and directed the
Tahsildar, who passed an courts and the Madras Commissioner of Police to
order on May 25, 2007 in High Court in 1997 and remove the encroachers.
favour of Veda Arun 2004, which granted the
Nagarajan. petitioners the right, title
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and Mr Kandhukuri belonged to the
E-Paper this paper mail to:
Ramasubramaniam, petitioners as Today and
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Sivaram Prasad, against
Mambalam- Guindy
bequeathed to them by
the will of Ms M Lakshmi
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every day adsales@timeschennai.com
Tashildar, the Inspector aunt.
of Police of R-3 Police The property,
Station Ashok Nagar, C according to the
Vedha Arun Nagarajan, P petitioners, has been
K Ali Akbar, S under dispute due to a
Paramanandam, M S number of encroachment
M a n i a n d A C attempts, but the
Shanmugam. controversy relating to
The case the VCK, however, began
relates to a piece of land in 2007.
where the VCK On April 13,
regular event,'' he cultural show, including
added. folk arts, will also feature
Dr Irai Anbu as part of the festival,''
said banana-based food the Secretary said.
items would be prepared It would serve
by catering institutes and as a platform to learn
would be kept for sale. about various banana-
Apart from based food items that
ready-to-use food items could be prepared at
with banana as their home.
basic ingredient, ''Besides
processed foods and showcasing different
products made of varieties of bananas, an
banana fibre would also awarness would be
be displayed at the created among the
festival to be held on a public on its high fibre
10,000 sq ft area. content and medicinal
The Banana value,'' he said.
Wholesale Merchants T T D C
Association at the managing director A C
Koyambedu Market Mohandoss said the
would also participate in Delhi Tourism Board has
the event. proposed to conduct a
It would be like Banana Festival in New
a consumer-expo, Delhi in association with
wherein people could with the Tamil Nadu
have fun and relax. Tourism Department
''Toy train for during winter.
children would be an
added attraction and a
Page 2 Times Chennai E-Paper
VC case: More time for counter
Chennai, July 24 : Madras
High Court has granted
time till August three for the
authorities to file counter to
a writ petition, seeking a
direction to the Chancellor
of Anna University -
Coimbatore and others to
take action against the
Vi c e - C h a n c e l l o r, a n d
directed the police to
investigate the complaint
of corruption made against
him.
Police order set aside
Chennai, July 24 : Madras
High Court has set aside
an order of the Mambalam
Police here refusing
permission for the Periyar
Dravidar Kazhagam(PDK)
to hold a public meeting
and release a compact disc
on the Sri Lankan Tamils in
April this year.
In the order
allowing a petition
challenging the denial of
police permission, Ms
Justice K Suguna said that
since the reason for which
permission had been
refused did not exist now,
she was setting aside the
Toll up in fireworks unit mishap
Virudhunagar, July 24 :
With three more people,
including two women,
succumbing to their burn
injuries this morning, the
toll in the recent
devastating inferno at a
private fireworks
manufacturing unit in
Namaskarithanpatti
Village near Sivakasi here
has risen to 15.
Police sources
said P Saraswathi (45),
who was undergoing
treatment in the
How the rupee is spent in TN
Chennai, July 24: Out of
every one rupee spent by
t h e Ta m i l N a d u
Government, only three
paise goes toward Health
a n d F a m i l y We l f a r e ,
according to the 2007-08
Accountant General,
Accounts and Entitlements
report.
For interest
payments, the state
government spends 11
paise and it spends 11
paise for education, 10
paise for pension payment,
nine paise for payment of
salaries, six for repayment
of debt, nine paise for loans
and grants, seven for social
welfare and nutrition, five
for agriculture and rural
development, three paise
for health and family
welfare and the balance 29
When the
matter came up before
the First Bench headed
by Chief Justice H L
G o k h a l e , t h e
respondents, particularly
Vice-Chancellor R
Radhakrishnan, sought
time to file counter.
Following this,
the bench granted time
till August three and
posted the matter for
August six.
impugned order.
She directed
the petitioner to submit
an application to the
police regarding the date
of the public meeting and
the release of the CD.
The judge
directed on receipt of the
application, the police
should pass orders on
the same in accordance
with law.
In his petition,
Mr Thapasi Kumaran,
South Chennai District
President of PDK,
submitted he had sought
police permission to hold
government hospital at
Sivakasi and I
Karuppaiah (36) and Y
Vijayalakshmi (34)
admitted to a private
hospital and Government
Rajaji Hospital (GRH)
respectively at Madurai
succumbed.
taking the toll to 15 so far.
As many as 21
seriously injured people
were still undergoing
intensive treatment in
government hospitals at
Sivakasi and Madurai,
paise for other
expenditure, the report
said.
It said every
rupee spent was met by
raising public debt (13
paise), revenue receipts
(83 paise), operating on
reserves with bank (two
paise) and recovery of
loans and advances (two
paise).
R e v e n u e
receipts (83 paise)
comprises tax revenue
To advertise in
this paper mail to:
adsales@timeschennai.com
Tamil Nadu July 24, 2009
Armed gang kills father,
In his petition,
Mr S Sivapandi, an
son; mom critical
advocate, submitted Dr Cuddalore, July 24 : t o d a y s a i d The bodies were
Radhakrishnan, after Unidentified armed men Rajamanickam (60) and removed to the General
assuming office, 'started barged into the house of his son Murugan (32) Hospital here for post-
misusing the power for a 60-year-old man and died on the spot while mortem.
personal ends.' The hacked him and his son Rajamanickam's wife Police pressed
bench also made an oral to death while inflicing Kasturi (55) suffered sniffer dogs and fingerprint
observation that the Vice- serious injuries on his serious injuries. experts into service.
Chancellor may quit his wife at Varagoorpettai, Kasturi was A special team
post and face the case near Chidambaram of rushed to JIPMER in was constituted to nab the
and investigation. this district past midnight Puducherry where her accused.
late night. condition was reported to
Police here be critical.
2 held for selling mutt property
the public meeting and Kancheepuram,: A properties worth several S e l v a r a j
release of the CD 'Ini Mutt manager and a crores in various places managed to cheat
Yenna Seyya Pogirom' woman were arrested in Tamil Nadu. Vasanthdas using his
(what are we going to this evening for cheating Va s a n t h d a s ignorance of Hindi. When
do?). the head of the Udaseen Bavaji (87) knew only the Mutt head got doubts
As per the Bavaji Mutt in a land Hindi. Selvaraj obtained a b o u t t h e p r o p e r t y,
impugned order, on the transaction worth Rs six a power of attorney from Selvaraj used to show him
ground of general crore. the swamiji and allegedly fake documents.
e l e c t i o n a n d Police here said sold five acre land worth Meanwhile,
apprehending a law and Selvaraj (50), a local, Rs six crore in Jhansi Rani sold the land
order problem, was working as manager Manimangalam in this using the power of attorney
permission was refused. for the Mutt headed by district, belonging to the documents.
Now, according Vasanthdas Bavaji of Mutt, to one Jhansi Rani A complaint was
to Petitioner's Counsel S Orissa. of Chennai, the police lodged with the police who
Doraisamy, the election The Mutt had said. arrested the duo.
was over and the reason
for which permission had
been denied did not exist.
SMS campaign to fight corruption
Chennai, July 24: Anti with them to curb five million.
Corruption Branch of corruption in society. It urges the
Central Bureau of The SMS, people to pass on
Investigation (CBI) has which reads ''Fight information regarding
launched a statewide Corruption : Complaints corruption in Central
the sources added. campaign against on Central Government G o v e r n m e n t
The tragedy corruption through SMS Offices/ Banks/ PSUs Departments, Banks or
occurred when the on mobile phones, please contact SP PSUs by contacting the
workers were filling up joining hands with the CBI:ACB:CHENNAI 044- Superintendent of Police,
explosive powder in public. 28255899/SMS ONLY CBI, ACB, Chennai either
fancy cracker varieties, According to a 9444049224/Email:sp1a in person, over phone or
including rockets, in Sri press release here today, cchn@cbi.gov.in, had through e-mail and lodge
Krishna Fire Works the compaign is an effort been sent to all the either complaint or pass on
factory. to fight against corruption mobile users in Tamil information, the release
Eight workers, by reaching out to the Nadu and Puducherry, added.
including three women, people and joining hands numbering more than
were killed and 44
injured, few of them
seriously in the
devastating fire on July
CII office-bearer arrested
20.
in Cheating case in Karur
Karur, July 24: Police arrested, Vice President made by Mr Saravanan, the
arrested an office-bearer of the CII Karur zone met arrested neither honour his
of the Karur zone unit of one Saravanan, a textile commitment nor returned
the Confederation of owner and promissed back the money and
(66 paise), non tax Indian Industry (CII), for him to obtain export order handloom goods.
revenue (six paise) and cheating a sum of Rs 83 for his firm. Mr Saravanan
grants-in-aid from lakh from a textile owner Mr Saravanan lodged a complaint with the
Central Governmet (11 by giving false promise also gave a sum of Rs 83 police, based on his
paise). that he would obtain lakhs and a handloom complaint, police arrested
The cumulative export order to him, here goods worth Rs 15 lakh Viji and remanded him to
public debt at the end of last night. to the arrested. Despite judicial custody,police
2007-08 stood at Rs Police said, the the repeated request added.
57,183 crore. The main
sources of funds were
borrowings, tax revenue,
non-tax revenue, grants-
in-aid and public
accounts, the report
added
The complete half yearly magazine
for professional Education
for details call
99400 24556
July 24, 2009
Brutal murder case of
jewellery broker solved
Chennai, Jul 24 : The city
Police today cracked the
45-day-old jewellery
broker Suresh Kumar
murder case with the arrest
of a jewellery shop
employee hailing from
Rajasthan.
The mutilated
body parts of Suresh
K u m a r, w h o w a s i n
jewellery business besides
owning a travel agency,
were recovered from
various parts of the city on
June nine this year.
However, the skull was yet
to be traced.
Special teams,
formed to crack the case,
pursued various leads
before arresting
Nemichand Chowdhry
from Rajasthan by tracing
the calls received by
Kumar on his mobile.
Chennai Police
Commissioner T
Rajendran told reporters
here today Chowdhry had
New electronic voting machines
for Tamil Nadu by-elections
Chennai, July 24: With
major opposition parties
ranged against electronic
voting machines (EVM),
the Election Commission
has decided to buy new
machines for the five Tamil
Nadu by-elections slated
for Aug 18.
Speaking to
reporters here Thursday,
Tamil Nadu Chief Electoral
Officer Naresh Gupta said:
'The new machines will
have advanced features
like reading time wise
polling and the number of
votes polled at a particular
time.'
He said the new
machines were needed as
the existing machines were
nearly 15 years old.
By-elections are
scheduled in the five
constituencies of Bargur,
Thondamuthur, Cumbum,
Illayangudi and
Srivaikundam.
According to
Gupta, two government
companies Bharat
Electronics Ltd and
Electronics Corp of India
Ltd will manufacture the
Three T Nagar clubs raided,
36 arrested for gambling
Chennai, July 24: After
raids at recreation clubs in
T Nagar, the city police
commissioner has ordered
the closure of two. Four
more clubs have been
recommended for closure.
On Wednesday night,
police raided three other
clubs, arrested 36 persons
who were gambling, and
recovered Rs 7,000 in
cash.
Acting on a tip-
off, teams headed by R
Kannabiran, T Nagar
assistant commissioner of
police (ACP), and P
Times Chennai E-Paper
confessed to killing
Kumar with an eye on his
gold.
''It was a
premeditated murder,''
the Commissioner said.
Chowdhry, who
was employed in a
jewellery shop, invited
Suresh Kumar to his
residence after
convincing him that he
would purchase 2.150 kg
of gold from him.
In fact, Suresh
Kumar was on his way to
sell the gold jewellery to
Gopi, a jeweller from
Kerala, when he was
stopped by Chowdhry.
During the
course of investigations,
Gopi was also
interrogated and police
came to a conclusion that
he was not involved in the
murder.
Chowdhry took
Suresh Kumar to his
house, fatally attacked
EVMs.
He said polling
will be recorded live in all
booths. He urged all
political parties to
participate in the
elections.
Tamil Nadu's
major opposition party
AIADMK and its ally
MDMK have announced
their decision to boycott
the by-elections, alleging
that the exercise would
not be free and fair.
They have also
expressed fears that the
EVMs may not be tamper
proof.
Mr Gupta said
to ensure free and fair
polls, it has also been
proposed to have live-
recording in polling
stations, for which a
beginning was made in
Kanniyakumari,Madurai
and Chennai districts in
the recent Lok Sabha
elections. ''Efforts are
also being made to have
a communication plan
and adopt the SMS-
based system of
monitoring the polling
Manoharan, Vadapalani
A C P, a r r e s t e d
employees and members
at two clubs in Pondy
Bazaar and one in
Va d a p a l a n i . S o m e
managed to scale the
compound wall and
escape; others were
arrested.
“We’ve been
told to go tough against
illegal clubs. We have
identified at least 20 such
clubs in T Nagar and sent
letters to the department
concerned to cancel the
licences,” T Nagar
him with an iron rod and
robbed the 2.150 kg gold
on his person. Later, he
cut the body into pieces
and threw them in
various parts of the city.
Mr Rajendran said
Chowdhry, who was
previously in silver
jewellery business, had
sustained losses and
incurred debts to the tune
of Rs ten lakh.
I t w a s a
premeditated murder as
he had sent his family to
Rajasthan about a week
ago and took a flight to
New Delhi a day after
killing Suresh Kumar.
After staying in
New Delhi for a fortnight,
he joined his family in
Rajasthan before
returning to Chennai,
leading to his arrest.
Police, who
raided his house early
today, also recovered the
stolen jewellery from him.
stations as done in
Tripura,'' he said.
Urging all the
political parties to extend
their cooperation to
ensure free and fair
byelections, Mr Gupta
said the election officers
would hold consultations
with the local leaders of
various parties in the five
Assembly constituencies
-- Bargur, Thondamuthur,
Cumbum, Ilayangudi and
Srivaikuntam.
Asked about
deployment of
paramilitary forces on
security duty for polling,
he said it has to be
decided by the Central
Election Commission.
Mr Gupta said
the EC had written to the
Tamil Nadu government
urging it not to include the
areas coming under the
five Assembly
constituencies going for
the by-elections in the
free health insurance
scheme to be launched
by it.
deputy commissioner of
police G Sampath Kumar
said.
According to
police sources, the city
police commissioner has
given his officers a free
hand to take action
against persons running
illegal recreation clubs in
Chennai. Many of the
clubs, police have
identified, are run with
blessings from local
politicians, without
licences.
Oxford launches new
English-English-Tamil dictionary
New Delhi, July 24 :
'Ghatam', 'Sambhar',
'Vada', 'Samosa' and
'Rasam' are new entries
in the latest publication of
the Oxford's English-
English-Tamil dictionary.
According to a
press release here
Oxford, which is
synonymous with the
world's most trusted
dictionaries, today
announced the
publication of the
English-English-Tamil
dictionary, latest in the
lists of publication by the
Oxford Press University
under its Bilingual
dictionaries programme.
MK's Gopalapuram house to be
donated to state govt to run free hospital
Chennai, July 24 : Tamil
Nadu Chief Minister and
DMK president M
Karunanidhi Thursday
announced that his
Gopalapuram residence
in the city would be
donated to the state
government after his
liftime, to be converted
into a free hospital to
treat the poor.
The Chief
Minister, who turned
emotional, made this
surprise announcement
at the launch of
''Kalaignar Insurance
Scheme for Life Saving
Treatment'', here this
evening.
Mr Karunanidhi
Azad expresses concern
over population growth
Chennai, July 24 :
Union Health Minister
Ghulam Nabi Azad on
Thursday expressed
concern over the
growing population in the
country and called upon
all state governments to
launch programmes to
stablise the population
growth.
Inaugurating
t h e Ta m i l N a d u
government's ''Kalaignar
Insurance Scheme for
Life Saving Treatment'',
a pioneering health
insurance scheme for
the poor, here, Mr Azad
said it was a matter of
regret that ''nobody is
talking about family
planning and birth
control though the
growth is alarming.''
Lamenting that the
population was
increasing on the one
hand and the size of the
land was dwindling
everyday, he said the
Indian population
constituted 17 per cent of
the world's population,
but the landscape of the
country was just two per
cent of the globe.
''The carrying
capacity is already
The dictionary
is especially designed for
learners of English,
including teachers,
translators and general
readers.
A first of its kind
published by the Oxford,
it draws upon the Oxford
Press' rich and varied
tradition of publishing
trusted dictionaries
throughout the world.
The word list
has been researched
and selected keeping in
mind the frequency of
usage, the continuous
evolution of language
and its ready absorption
of regional influence.
said he had already
received the consent of
his wife and children for
donating the house,
worth Rs eight crore,
either to the state
Government or the
Kalaignar Trust for the
noble cause.
The Chief
Minister wished that the
hospital be named after
his parents ''Anjugam
Muthuvelar''.
Mr Karunanidhi said he
had already bequeathed
his house in the name of
his children in 1968 and
the same had been
registered in their names.
''As Chief
Minister of Tamil Nadu, I
dwindling. The two per
cent land cannot carry
the load of 17 per cent of
population,'' he said,
adding the population
was increasing every
year, while the size of the
land was diminishing
almost everyday with
construction of millions
of houses, hospitals and
schools.
A large portion
of agricultural lands were
being converted to build
houses and other
buildings and ''if this
scenario is allowed to
continue, how can we
survive and how long can
we survive,'' he asked.
''Therefore, we
as a country should rise
to the occasion and take
immediate steps to
stablise the population,''
he said.
Pointing out the
host of social welfare and
health care schemes
being implemented by
the Centre and state
governments, Mr Azad
said the ''whole thing will
come to naught, if we fail
to check the growing
population.''
M r A z a d
congratulated the Tamil
Page 3
Apart from
regional words like
'Rasam', 'Ghatam' and
'Sambhar' that have
become part of every day
references in English,
Indian- English usage such
as auto-rickshaw,
ayurveda, bandh, carnatic
music and playback singer
are also included in this
dictionary.
Detailed notes in
Tamil have also been
added to a subject
vocabulary that covers
g e o g r a p h y, g e o l o g y,
mathematics, science,
computing, law and
medicines with illustration
in many cases.
o n l y o w n t h i s
Gopalapuram residence
and a 14-acre land at
Kattur Village in my native
Tiruvarur district'', he said.
Mr Karunanidhi
said like other Chief
Ministers in the country he
never chose to live in a
s e p a r a t e b u n g a l o w,
though the officials insist
that he move to a
government bungalow
whenever he became
Chief Minister.
He said despite
space constraint,
whenever visitors,
including foreign
dignatories came to meet
him, he chose to meet
them in his house itself.
Nadu Health Department
in general and Chief
Minister M Karunanidhi in
particular for stabilsing the
population growth in the
state. ''Tamil Nadu is in
number one position in so
far as the stabilisation of
population is concerned,''
he said. The Union Minister
said he was extremely
happy to inaugurate the
Kalaignar Health
Insurance Scheme, a
pioneering scheme in
providing life saving
treatment to one crore poor
families in the state.
Stating that Tamil
Nadu was the leading state
in the provision of health
care schemes, Mr Azad
said, ''Health insurance
scheme is one more
feather in the cap of
Kalaignar (Chief Minister M
Karunanidhi).'' Tamil Nadu
had made significance
progress in implementing
schemes for developing
human resources and
policies and programmes
in the health care sector.
Many decades
ago late Chief Minister K
Kamaraj showed the way
by introducing the noon
meal scheme, he said.
Page 4
Mumbai braces for highest
tide in 100 years
Mumbai: Mumbai Nearly
200 people have been
evacuated from coastal
areas, warnings have been
sent out to those in low-
lying regions and schools
have advised students to
stay at home as the
financial capital braces for
a massive 5.5 metre high
tidal wave, billed as the
highest in 100 years, to
lash it Friday afternoon.
The high tide is
expected to hit Mumbai and
the surrounding Konkan
region at 2.05 p.m. The
waters will ebb only after
three to four hours, met
officials said.
In the past two
days, as waves measuring
4.85 and 5.1 metres lashed
Mumbai, civic and disaster
management authorities
evacuated people -- mostly
shanty dwellers -- from
vulnerable areas like
Colaba, Cuffe Parade,
Andheri, Jogeshwari and
even parts of neighbouring
Thane.
The Municipal
Corporation of Greater
Mumbai (MCGM) has
INTACH to conduct workshop
on heritage awareness
Aurangabad : Indian
National Trust for Art and
Cultural Heritage
(INTACH) would conduct a
workshop here on creating
heritage awareness
among teachers on August
19-20.
The prime
objective of the workshop
is to inculcate awareness
and appreciation of
heritage of our cities,
states and the country,
I N TA C H f u n c t i o n a r y
Ashish Garde said here.
The event aims to
motivate teachers to use
appropriate resource
material in classroom
teaching and play an
effective role in sensitising
children about heritage, he
said.
Apart from
building awareness about
heritage, the two- day
seminar will help teachers
plan and carry out year-
Times Chennai E-Paper National July 24, 2009
Transport strike leaves commuters
in lurch in Kolkata
issued warnings to However, for
people in low-lying areas many Mumbaikars, the Kolkata : The Sealdah railway stations. passengers.
to watch out for the tides offered a rare view metropolis wore a Packed trains and While the taxis
gigantic tide Friday and of a natural phenomenon deserted look on Friday underground metro have are likely to return on the
take adequate after clouds obscured the as private buses, been running normally, roads on Saturday, bus and
precautions. s o l a r e c l i p s e minibuses and officials said. minibus operators have
On Thursday, Wednesday. autorickshaw operators T h e threatened to continue the
sea water rushed into Thousands of went on an indefinite government-run ferry strike "indefinitely" unless
people excitedly saw the strike after their meeting service from Howrah they were financially
tides from a safe distance with the West Bengal station to the ghats on the helped by the state
at places like Colaba, government on a high bank of the Hooghly river government to phase out
Marine Drive, Girgaum court order banning 15- was also operating the old vehicles.
Chowpatty, Worli Sea- year-old vehicles in the normally. The Calcutta High
F a c e , B a n d r a city failed. Some auto- Court order banning all 15-
Bandstand, Juhu Beach, People were rickshaws were also year-old commercial
Gorai Beach and Marve seen waiting for state-run seen plying on shorter vehicles from the Kolkata
Beach yesterday. Today, buses to reach their routes. Cycle-rickshaw metropolitan area would
greater numbers are destinations especially to pullers were demanding come into force from
expected. the airport, Howrah and extra money to ferry August one.
Crowds had
assembled even at the
Thane Creek and
commuters were seen
craning their necks to see
Govt gives green signal to GSAT-11
the swirling waters as the
trains crossed the railway
communication satellite
bridges at Bhayander New Delhi : The planned to be realised in frequency reuse factor of
several buildings in Cuffe Creek. Government has 30 months. 4, it can provide 10 GHz
Parade, Worli, Dadar, Last week, the approved development of The GSAT-11 is effective bandwidth
Prabhadevi, Andheri, MCGM had inserted big a Rs 500 crore advanced a n a d v a n c e d equivalent to about 22
Juhu, Khar and Malad. and small advertise- communication satellite communication satellite transponders of 36 MHz, it
Even mayor ments in newspapers, to provide telecom links which will be a high said.
Shubha Raul's official warning people of the with small Ku-band capacity multi-team T h e G S AT- 11
bungalow at Shivaji Park potential damage that terminals operating Ku/Ka-bank spacecraft. employs a new 1-4K Bus.
in Dadar was not spared. could be wreaked by the across the country. "The launch of This craft is configured with
The huge waves knocked high tides and contact A meeting of the GSAT-11 will augment two sided large solar array
down a compound wall. details for emergency Union Cabinet chaired by the Ku-band capacity panels generating around
In Thane, the services. Prime Minister considerably for 11 KW of DC power. The
district adjacent to As many as 11 Manmohan Singh last telecommunication craft structure is designed
Mumbai, waterlogging hotlines have been night gave its nod for the services in the country," for a lift-off mass of about
attributed to the high tide established and 34 rain design and development an official release said. 4,500 kgs with a dry mass
was reported from gauges have been of GSAT-11 communi- With 16 beams of 2100 kg.
residential areas in installed from where cation satellite, which is in Ku-band and
places like Uttan, round-the-clock
Palghar, Boisar and information is being
Dahanu but there have
been no casualties so far.
collected. Control rooms
have been set up at all Mamata Banerjee opposed to
Some schools have the 24 civic wards.
advised students to stay
at home in view of the
Officials said Land Acquisition Bill?
that MCGM would also
high tide, but there has monitor the situation in New Delhi : The agenda. West Bengal on the same
been no official flood-prone areas Railway Minister Mamata The Trinamool issue, is understood to
announcement of closure through CCTVs. Banerjee is understood Congress chief is have strongly demanded
by the government. to have raised serious understood to have penal provisions to check
opposed a major the use of money and
provision in the muscle power by private
bill which
provides for
developers while acquiring
land from the farmers.
p r i v a t e
developers
The party feels
that these legislations fall
long activities for creating profit organisation that acquiring 70 per short of protecting poor
awareness about seeks to make strategic cent of the land farmers as their
heritage amongst the and timely interventions for a proposed rehabilitation and
students, Mr. Garde said. in order to conserve and industrial project resettlement is not fully
INTACH is a promote India s natural directly from the guaranteed by the
non-government, non- and cultural heritage. farmers and provisions. The TMC had
land-owners. The earlier put forward its
'India not received any remaining 30 per
cent is to be
suggestions on the
legislations in writing much
before the bills were
Pak request for assistance' acquired by the
s t a t e brought to the cabinet for
New Delhi: Government today said it has not government, the its consideration, party
received any request from Pakistan for assistance in objection to the bill bill proposes. sources said.
rehabilitating the people rendered homeless and living relating to land Ms. Banerjee, The Union
in refugee camps due to the military action against acquisition for who was in the forefront Cabinet met for three
Taliban in the country's troubled north-western region. industrialisation and of the agitations in hours on Thursday night.
The government is aware of the recent rehabilitation of the land Nandigram and Singur in
developments in Pakistan where the army is rooting losers.
out the Taliban due to which millions of Pakistani She raised her
citizens have become homeless and are living in objections at a meeting of
refugee camps, Minister of State for External Affairs the Union Cabinet on
Preneet Kaur told Rajya Sabha in a written reply. Thursday night on the To advertise in
"No request has been received from the provisions of the Land
government of Pakistan for assistance in this regard," Acquisition (amendment) this paper mail to:
she said. Bill 2007 and the
adsales@timeschennai.com
To another question, she said the Rehabilitation and
government has seen reports in the public domain that Resettle-ment Bill that
Pakistan is enhancing its nuclear weapons production were on the cabinet
capacity
July 24, 2009 Times Chennai E-Paper
End-user pact must to access
US arms market: Experts
N e w D e l h i :
Notwithstanding the
political brouhaha raised
by the agreement reached
on the draft of a pact that
allows verification of end-
use of military hardware
purchased from the US,
Indian security experts say
the pact is necessary for
India to gain access to the
high-end American arms
market.
"I think this is
really not as extreme as it is
made to sound. If India
wants to obtain access to
US military supplies it has
to enter a protocol of this
type. We wouldn't need the
agreement if we could have
done without US help,"
National Maritime
Foundation Director C.
Uday Bhaskar said.
The opinion is
echoed by Major General
(retd) Ashok Mehta.
"Every country
ensures that its technology
does not fall into wrong
hands. If you need
American hardware, if you
want to diversify your
inventory and not be
completely dependent on
the Russians, we would
like to go to the US, which
has the most sophisticated
technology today," Mehta
said.
During the recent
visit of US Secretary of
State Hillary Clinton the
two countries agreed on
the end-user monitoring
arrangement that will
henceforth be referred to in
letters of acceptance for
Indian procurement of US
defence technology and
equipment.
The provisions
will be applicable to all
military purchases from the
US with retrospective
effect and will provide for
the physical verification of
the military hardware
purchased from the US to
prevent its misuse.
India had inked
deal-specific agreements
Govt plans measures to help disabled
New Delhi: The
government proposes to
amend law, in line with a UN
convention, to protect the
rights and improve
conditions of disabled
persons in India, whose
number exceeds two crore
in the country.
A comprehensive
bill to amend the Disability
Act, 1995, would be
brought before Parliament
this year," Social Justice
and Empowerment
Minister Mukul Wasnik said
replying to a debate in the
Rajya Sabha on functioning
of his ministry.
He said the
with the US for earlier
purchases, including
Business Boeing Jets to
ferry VIPs and the troop
carrier INS Jalashwa.
"We have
specific agreements with
the US for earlier
purchases, but so far
they have never come for
inspections," said a
senior defence official,
requesting anonymity as
he was not authorised to
speak to the media.
The US has
signed end-user
agreements with 82
countries, including
Pakistan, Britain, France
and Germany.
"The Americans
have never harassed any
country due to the end-
user agreement. The
best example is Pakistan,
which has been using US
military equipment
against India," Bhaskar
pointed out.
According to a
defence official privy to
the negotiations for the
pact, physical inspection
by the US comes to the
picture only when there
are "credible" allegations
of equipment misuse.
" I d e a l l y, w e
would not like to have this
contract at all. We do not
have this with other
countries. We just give an
undertaking. The US has
it on its statute; so we had
to factor in their
concerns," the defence
official, who did not want
to be identified as he was
not authorised to speak
to the media, said.
B h a s k a r
seconded this.
"First of all, the
US has to show mala
fides on the Indian part,"
he said.
A senior Navy
official who did not want
to be named said that
India needed to broaden
its options to enhance its
military capabilities.
amendment bill would
seek to bring Indian laws
in conformity with the
obligations as provided in
the UN convention on
Human Rights on
Persons with Disability.
The Disability
Act deals with issue like
education, employment
and job reservation for
persons with physical
disabilities.
As per the
government figures,
disabled people account
for about two per cent of
the country's population.
T h e the incentive.
Department of Personnel
National
"It makes sense
to have options;
otherwise the seller will
bargain hard with you.
With 70 percent of our
defence equipment
being imported, we
cannot afford to have a
single vendor and the US
is a worthy contender,"
he said.
Moreover, India
has been giving end user
certificates to other
countries as well,
including Russia, which
is analogous to an
undertaking against
selling the technology of
the military equipment to
a third party.
"The fact is that
it is not the Americans
only who want to make
sure that the equipments
that they provided is not
misdirected. Even when
the Soviets provided us
with military hardware
there were certain
conditions about transfer
of technology and use of
those equipments,"
Mehta added.
On Wednesday,
Defence Minister A.K.
Antony defended the
measure, saying it was
the result of three years
of tough efforts and that
the government did not
have any reservations
about it.
"It has been
signed after three years
of hard bargaining.
Everything has been
sorted out. We do not
have any reservations,"
Antony told reporters
here.
The opposition
Bharatiya Janata Party
had staged a walkout in
the Lok Sabha Tuesday
to protest against the
pact, terming it intrusive
and saying it should not
have been inked without
parliament being taken
into confidence.
and Training is planning a
time bound programme to
fill up the vacancies in this
category, he said.
While there is a
provision for reservation
of jobs for disabled
people in the government
sector, a scheme for fiscal
sops to private sector to
e m p l o y t h e s e
disadvantaged people
has not found favours
with the corporate India,
the minister said, adding
that private sector should
employ more people in
this category and avail
India for opening of
Kargil-Skardu route
New Delhi: India on
Thursday sought
opening of the Kargil-
Skardu route between
India and Pakistan for
passenger traffic on
humanitarian basis as
well as to counter the
"virus" of extremism and
militancy in Jammu and
Kashmir.
"We have
continued to press for
opening the Kargil-
Skardu route for
passenger traffic and
eventually as a full-
fledged communication
corridor", Shyam Saran,
Special Envoy of the
Prime Minister
Manmohan Singh said at
a conference on "Society,
Culture and Politics in the
Karakoram Himalayas."
Over 500 students say no to IIT
Mumbai: The Indian
Institutes of Technology,
where gaining admission
is said to be more difficult
than entering some of the
Ivy League institutes,
have had to go through
the ignominy of a second
round of allotment to fill
up all their seats.
As many as 505
students, who got an
opportunity to study in
these premier
technological institutes,
did the unthinkable this
year; they refused to
study in an IIT.
The reasons
varied from ‘‘not having
confidence in the new
I I Ts ’ ’ t o ‘ ‘ g e t t i n g
allotments in not-so-
popular streams’’, IIT
officials said, adding that
this experience might
force HRD minister Kapil
Sibal to do a rethink on
his expansion plans for
the IITs. Besides the
s e v e n o l d I I Ts
(Kharagpur, Bombay,
Delhi, Madras, Kanpur,
Roorkee and Guwahati),
eight more were added to
the list over the last two
years. IITs put up a
Ombudsman to ensure implementation
of welfare schemes: Minister
New Delhi: An
ombudsman will be
appointed to ensure that
welfare schemes like the
National Rural
Employment Guarantee
S c h e m e a r e
implemented properly,
Minister of State for Rural
Development Agantha
Sangma said here.
She said on the
sidelines of a function
late Thursday that an
ombudsman kind of
system was being
developed to ensure
accountability and
transparency in
government-run welfare
schemes.
"This will not
o n l y s e r v e a
humanitarian purpose
but also help counter the
virus of extremism and
militancy," he said.
The economic
prospects of the
Karakoram communities
would brighten greatly if
traditional trade routes
could be re-opened, he
said.
Saran pointed
out that in its interaction
with Pakistan on Jammu
and Kashmir, India had
always insisted that all
cross-LoC links and
potential projects for
cooperation in specific
areas must cover the
entire erstwhile state of
Jammu and Kashmir,
including Gilgit and
second selection list to fill
the 505 unfilled seats this
week, said IIT-Guwahati
director Gautam Barua.
The second allotment
was, however, not done
centrally.
‘‘There were
several parents who
were not comfortable
sending their kids to an
IIT without a campus
currently; few realised
that all the old IITs, too,
started from temporary
campuses,’’ the head of
one of the new IITs said.
IIT-Bombay JEE-2009
chairman Amiya Kumar
Pani explained:
‘‘Students who took
admission were offered
internal betterment
before the second
allotment took place.’’
So, if a student
with a ranking of 1,104 in
JEE-2009 did not take
the seat allotted to him,
another candidate with a
lower ranking got his
place (if he had opted for
that subject in his
preference form). IIT-
Delhi JEE-2009
c h a i r m a n R
Chattopadhyay
"We are in the
process of developing an
ombudsman kind of
system in our ministry to
ensure accountability
and transparency.
"Under this
system, we will have an
independent person to
whom people can come
up and report about
problems. It is for
m o n i t o r i n g
implementation of
important schemes like
NREGA (National Rural
Employment Guarantee
Act)," said Ms. Sangma.
Initially the
system will start on pilot
basis in one scheme of
Page 5
Baltistan.
The official also
expressed his concern at
the adverse impact of
climate change in the
region which, he said,
would only aggravate the
political, social and
economic stresses there.
Sympathising
with the plight of the war-
torn Karakoram people,
Saran said, "There is the
obvious anxiety of the spill-
over effect on the conflicts
that now agitates this zone
of instability... therefore the
destinies of the
communities and the vision
of India as a successful and
inclusive plurality are in a
sense, linked more than
symbolically."
explained that several
students moved up the
ladder because of this.
TOI, on June 25, wrote
about how the IITs faced a
similar problem filling up
reserved category seats.
The institutes,
therefore, were forced to
transfer over 1,100
reserved-category seats to
the one-year preparatory
course after not finding
enough qualified
candidates in the reserved
categories. The one-year
prep course trains quota
students to bring them upto
the mark. But the case of
these 505 unfilled seats
came as a bigger surprise
for the IITs as a majority of
these students were from
the open category (except
a handful of cases in which
some OBC candidates did
not take admission).
‘‘All the students
who have been shortlisted
in the second list have
been informed. They now
need to reach the IIT where
a seat has been allotted to
them and pay the fees,’’ a
JEE chairman said.
the ministry and will be
replicated later in other
projects.
The young
minister stressed that
proper implementation of
projects is the main
problem in the country and
a mechanism has to be
developed for fixing
accountability.
"We need to gear
up whatever mechanism
we have. There are
monitoring and vigilance
committees in every
constituency and acts like
RTI (Right to Information)
to fix accountability. If
people don't take initiative
it is not going to work," she
 Page 6
Musharraf claims he
'internationalised' Kashmir case
London ; Claiming that
he was the only Pakistani
ruler who "internation-
alised" the case of Kashmir
and came near striking a
resolution on it, former
President Pervez
Musharraf has said the
issue is "critical" to solving
the problems of the region.
Speaking at an event
organised at the House of
C o m m o n s r e c e n t l y,
Musharraf dismissed the
charge levelled by Lord
Nazir Ahmed that he
betrayed the cause of
Kashmir.
Musharraf said he
was the "only ruler in the
history of Pakistan who
internationalised the case
of Kashmir and came near
striking distance of its
resolution."
"The issue of
Hillary set the pace for Indo-US
relationship: State dept
Wa s h i n g t o n : The
Secretary of State Hillary
Clinton has set the pace for
the Indo-US relationship
during her recent visit to
India and both the
countries have to work hard
to deepen the cooperation
and build on it, the State
Department has said.
"Now that we
(India and US) have
broadened the frame and
significantly increased the
number of issues that the
two countries will address
together, now comes the
hard work of preparing for
these meetings and
Four killed in US helicopter crash: official
Smithsburg: A eastbound lanes of
commercial helicopter
crashed onto a highway
and burst into flames late
Thursday night, killing all
four people on board,
emergency officials said.
The aircraft was
engulfed when firefighters
arrived at the scene in
western Maryland minutes
after receiving a call at
10:30 p.m. EDT (0230
GMT), said Washington
County emergency
services director Kevin
Lewis. No vehicles on the
highway were hit when the
helicopter crashed in the
Times Chennai E-Paper
Kashmir is critical to
solving the problems of
the region and with
Kashmir festering, no
resolution of the current
problems will be
achieved," the former
military ruler was
quoted as saying by
The News.
Advocating
holding talks with
" s a n e r " Ta l i b a n
elements to achieve
normalcy in
Afghanistan,
Musharraf said there
was no choice but to
get engaged with
them who could be
brought back to the
negotiating table.
"Anyone who
thinks you correct
Pakistan and
everything will be
hunky dorey is
absolutely wrong.
You correct
Afghanistan and
everything will be fine in
Pakistan," the paper
quoted him as saying.
Musharraf said
he wanted to remove the
biggest mis-perception in
the West that the
Pakistani army and spy
agencies double dealt
with the Taliban.
Answering a
question on the United
Nations inquiry into
former Premier Benazir
Bhutto's assassination,
Musharraf said "he was
confident that the UN
inquiry would add nothing
deepening the
cooperation," Assistant
Secretary of State for
Public Affairs P J Crowley
said.
"We have to see
what progress can be
made in all of the working
groups that she (Clinton)
outlined with her Indian
counterpart," he said.
Mr Crowley said
Ms. Clinton reflected in a
number of occasions that
the US was "very
satisfied" with the trip to
India and the launching
of a strategic dialogue
and an expansion of the
Interstate 70.
Troopers have
shut down the highway in
both directions near the
crash site. Lewis, who
was among the first
emergency responders
at the scene, said there
are power lines down in
the westbound lanes.
The crash
happened west of the
Washington County-
Frederick County line, on
the western slope of a
ridge known as South
Mountain. Smithsburg is
about 10 miles (16
World
to what was already
known or unknown."
He said calling
for an international
inquiry on her murder
showed "immaturity of
leadership" as it reflected
that Pakistanis don't trust
or have any confidence
in their own national
security agencies.
"What did the
well known Scotland
Yard team find out"?
remember they were
seen on Murree road with
all these modern
gadgets? What did any
achieve? Nothing."
He said what
Scotland Yard came up
with was known to him
three days after Bhutto's
assassination.
He said any
individual or group taking
up arms in the name of
Islam or for imposing
their will on others must
be defeated.
During the
interaction, the former
President did not criticise
the Supreme Court's
decision to acquit Nawaz
Sharif in the plane
hijacking case but said
that he stood by each
and every word that he
said and wrote about the
plane hijacking case in
his memoirs.
With regard to
Akbar Bugti, he said that
no state can allow its writ
to be defied.
range of issues that "we
will address in future
meetings with both
countries."
The Secretary
of State visited India
early this week during
which the two countries
vowed to expand their
relationship.
"The strategic
dialogue will be carried
on primarily at the
ministerial level," Mr.
Crowley said, adding that
Prime Minister
Manmohan Singh would
be coming on a state visit
to the US in November.
kilometers) east of
Hagerstown.
It wasn't
immediately clear what
brought down the
helicopter, which Lewis
said was a Robison R44,
a four-seat commercial
craft.
Maryland State
police are in charge of the
investigation. The
National Transportation
Safety Board and the
Federal Aviation
Administration have
been notified of the
crash, Lewis said.
Obama heads to Midwest selling
health care
Cleveland: President
Barack Obama
continued Thursday his
push for a massive
overhaul of America's
health system, saying
Americans need it and
must overcome
resistance from
o p p o n e n t s i n
Washington.
M r. O b a m a
increasingly is pitching
his remarks directly to
voters, hoping they will
pressure reluctant
lawmakers. He traveled
to the industrial
Midwestern city of
Cleveland to make his
case before hundreds
who packed a suburban
high school gym.
"Reform may be
coming too soon for
some in Washington," Mr.
Obama said. "But it's not
soon enough for the
American people."
Democratic
Senate Majority Leader
Harry Reid, however,
suggested that slowing
things down may be the
wise course for now.
"It's better to
have a product based on
q u a l i t y a n d
thoughtfulness rather
than try to jam something
through," Reid said,
delivering the official
announcement of the
delay. His words were a
near-echo of moderate
Republicans who
support sweeping
changes but criticize Mr.
Obama's rush to act.
The White
House announced Mr.
Obama will meet in the
Oval Office Friday with
Reid and Democratic
Sen.
Max Baucus of
Montana, is seeking a
bipartisan deal while the
health committee bill was
pushed through by
Democrats on a party-
line vote.
The United
States is the only major
industrialized nation that
lacks a comprehensive
health care plan, and
about 50 million of
America's 300 million
people are without health
insurance.
M o s t
Americans with health
insurance receive it
through their employers,
though those who do not
or who are unemployed
must either buy costly
insurance or pay medical
bills out of pocket. The
elderly and indigent
receive coverage from
the government.
"There are
those who see our failure
to address stubborn
problems as a sign that
our best days are behind
us," Mr. Obama said
before taking audience
questions. He said he
believes this generation
is ready "to defy the
skeptics and naysayers."
M r. O b a m a
ratcheted up the rhetoric
one day after he made
his case at a White
House news conference,
and likened the bid to
overhaul health care to
the manned missions to
the moon 40 years ago.
"There are
those who see our failure
to address stubborn
problems as a sign that
our best days are behind
us," Mr. Obama said
before taking audience
questions.
"Well, I believe
that this generation, like
generations past, stands
ready to defy the
naysayers and the
skeptics."
His plan would
insure more Americans,
partly through
government subsidies;
provide a government-
run option to compete
with private insurers; and
require large employers
to contribute to health
coverage one way or
another.
He advised
people to lobby senators
and representatives for
health care reform by
telling their own personal
stories of concern.
Mr. Obama said
members of Congress
need to hear from the
people because "frankly,
they are hearing from the
other side."
The president
took a few swipes at
Republican critics in his
speech Thursday.
But his biggest
obstacles are fellow
Democrats, who control
t h e H o u s e o f
Representatives and
Senate and are moving
slowly on his call for
widespread changes to
U.S. health care.
Senate leaders
said Thursday they could
not meet Mr. Obama's
deadline for a vote before
the August recess.
And a key
House committee is
struggling to placate
moderate Democrats
worried about the plan's
costs.
"That's OK. I
just want people to keep
on working. Just keep
working," Mr. Obama
said.
Mr. Obama tried
to allay worries about the
proposed changes,
saying the current
system of rising costs
and uneven care is much
worse.
"If you already
have health insurance,
July 24, 2009
the reform we're proposing
will give you more security,"
Mr. Obama said Thursday.
"It will keep the insurance
companies out of your
health care decisions, too,
by stopping insurers from
cherry-picking who they
cover, and holding insurers
to higher standards for
what they cover."
For all his efforts,
which have included public
statements each weekday
for the past few weeks,
Republican lawmakers and
other critics sense
momentum building
against Mr. Obama's plan.
They particularly cite
nonpartisan cost
projections that have not
predicted the savings the
White House promises.
Louisiana Gov.
Bobby Jindal, a leading
Republican, said on CBS
that he "liked a lot of" what
Mr. Obama said at the
White House news
conference Wednesday.
"I think he's
actually ... his marketing is
the best part of this," Jindal
added. "You listen to what
the president said. He said
he does not want to
increase the deficit, does
not want government
control of health care.
He wants people
to keep their insurance. He
wants to crack down on the
abuse, the over-utilization.
All that's great. The
problem is, that's not what's
in the House Democrat
bill."
Despite the many
problems gripping the
country, the health care
debate has seized the U.S.
political debate.
The stakes are
huge for Mr. Obama, who is
putting much of his
credibility on the line to gain
passage of legislation.
At least one
Republican said it could
prove to be the president's
Waterloo if the drive
collapses.
But Mr. Obama
said: "This isn't about me."
The health care debate
may have dented Mr.
Obama's popularity.
His approval
rating stands at 55 percent,
according to a new
Associated Press-GfK poll,
down from 64 percent in
late May and early June.
Some 50 percent approve
his handling of health care,
but 43 percent disapprove,
and that number has risen
sharply since April.
It did not help the
White House when the
nonpartisan Congressional
Budget Office said last
week that the bills moving
through Congress would
add to long-term U.S.
costs, not reduce them.
July 24, 2009
ICICI Bank accused for violating
RBI guidelines: Pranab
New Delhi: ICICI Bank
was twice issued letter of
warning or advisory note in
last two years for violating
Reserve Bank of India
guidelines, Lok Sabha was
informed on Friday.
In 2007-08, ICICI
Bank was accused for
v i o l a t i n g R B I
guidelines/directives
relating to opening of
deposit accounts, which
led to a fictitious accounts
being opened by fraudsters
at the bank's Patna branch.
Shriram Transport to raise
Rs 500 cr through a debt programme
Chennai: Shriram
Transport Finance
Company ion Thursday
said it would raise Rs 500
crore through a debt
programme with option to
raise an identical amount if
demand for its Non
Convertible Debentures
was overwhelming.
The company has
filed the prospectus for the
debt programme with the
Registrar of Companies.
The NCD issue,
with yield on redemption of
up to 11.50 per cent (per
annum), opens on July 27
and would close on August
14 with an option to close
earlier or on such dates as
RBI likely to keep interest rates
unchanged: Moody's
New Delhi: The Reserve
Bank is likely to keep
interest rates unchanged in
its quarterly monetary
policy as there is little
pressure on the central
bank to further take liquidity
easing measures,
according to Moody's.
"The Reserve
Bank of India is facing
l i t t l e — i f
any—pressure...March
quarter GDP numbers
show that India’s economy
remained on a solid
footing, and subsequent
high-frequency data such
as industrial production
point to a brighter outlook,"
Moody's economy.com
Times Chennai E-Paper
The bank was
issued 'Advisory Note' in
December 2007 and a
Letter of Warning in April
2008 for its irregular
dealings in securities in
Hong Kong, Finance
Minister Pranab
Mukherjee said in a
written reply.
Besides ICICI
Bank, some other banks
including Bank of
Baroda, Dena Bank,
HSBC Bank and
Centurion Bank of
may be decided, by the
board of directors of the
company, subject to
necessary approvals, the
company said in a
release.
STFC intends to
use the funds raised
through the issuance of
NCDs for various
financing activities
including lending.
E N A M
Securities Pvt Ltd, A K
Capital Services, ICICI
Securities and Kotak
Mahindra Capital
Company have been
appointed as the lead
managers to the issue,
while Integrated
said in a release.
It further said
that at the upcoming
quarterly meeting on July
28, the apex bank is also
likely to keep reserve
requirement ratio
unchanged.
"The current
relatively loose monetary
policy setting will
complement the fiscal
stimulus by ensuring
sufficient liquidity for
expansionary projects
that are expected to
gather steam later in the
year.
Monetary policy
takes time to filter through
to the economy," Moody's
Business
Punjab Ltd were issued
letters of displeasure by
the RBI for violating
FEMA guidelines or with
regard to opening of
deposit accounts, the
minister said.
In another
written reply, he said RBI
performs various
functions which, inter-
alia, include monetary
management of the
country, management of
foreign exchange and
domestic debt of the
government, regulation
and supervision of banks,
financial institutions and
non-banking finance
companies.
These functions
are derived from the
provisions of various
statutes such as the RBI
Act, 1934, The Indian
Coinage Act, 1906, The
Banking Regulation Act,
1949 and others.
Enterprises (India) will
be.acting as the
Registrar to the.issue, it
said.
STFC is a part
of the Shriram
conglomerate which has
significant presence in
financial services viz.,
commercial vehicle
financing business,
consumer finance, life
and general insurance,
stock broking, chit funds
and distribution of
financial products such
as life and general
insurance products and
units of mutual funds.
e c o n o m y. c o m , t h e
research arm of Moody's,
said.
It added that as
commercial banks had
accepted deposits at
high fixed rates in the
latter half of 2008, they
had been reluctant to
immediately lower
lending rates to mirror the
series of official rate cuts.
"However, as
commercial banks
gradually reprice these
deposits as their terms
expire, lending rates are
expected to fall
accordingly," it said.
Indian Bank's Q1 net profit
jumps by 52.40%
Chennai: Public sector
Indian Bank on Thursday
reported a 52.40 per cent
jump in its net profit at Rs
331.66 crore for the first
quarter of the current
fiscal.
The Chennai-
headquartered bank
clocked Rs.217,62 crore
net profit in the year ago
period, its Chairman M S
Sundara Rajan told
reporters here
announcing the Q1
financial highlights.
Total income of
the bank rose to Rs
2,230.39 crore from Rs
1,744.99 crore reported
in the corresponding
period a year ago, he
said.
The bank
a c h i e v e d a n N PA
recovery of Rs 219 crore,
up from Rs 114 crore
during the corresponding
CII forms task force
Puducherry : The
southern region of
Confederation of Indian
Industries (CII) has
formed a task force to
help companies and
industries to protect their
intellectual property
rights and from data theft,
Bharat Forge June
quarter net dips 96 pc
Mumbai : Auto
component maker
Bharat Forge on Friday
reported 96.38 per cent
decline in its net profit at
Rs 96 lakh for the quarter
ended June 30, 2009,
over the same period last
year.
The company
had a net profit of Rs
26.56 crore in the same
Indian retail sector to touch
USD521 bn by 2012
New Delhi: Apparel and
FMCG segments will be
the driving forces for the
Indian retail sector, which
is likely to grow annually
by nine per cent to touch
USD 521 billion by 2012,
a senior retail industry
official said.
"FMCG and
apparel sectors
contribute the maximum
to the growth of the retail
market in India," Bharti
Retail President and
COO Vinod Sawhny said
during a FICCI event.
"FMCG in
particular has a huge
potential to grow... and
this will ensure a growth
rate of nine per cent year-
on-year for the retail
period last year.
The Bank's net
NPA as on June 30 last
was Rs 205.89 crore,
0.40 per cent of net
advances.
The increase in
net NPA from 0.17 per
cent in the corresponding
quarter last year was due
to the implementation of
RBI guidelines regarding
floating provision held,
he said.
The retail
advances grew from Rs
8,258 crore in June 2008
to Rs 10,004 crore in this
quarter, a growth of 21.14
per cent year-on-year
basis. The retail
advances accounted for
19.24 per cent of the total
advances of the bank at
the end of June, 2009.
Sundara Rajan
said the bank disbursed
Rs 1,113.50 crore as
fraud and cyber crimes.
Speaking at a
special session of CII
yesterday, Chairman of
Puducherry chapter of
the CII T Rajarajan said
former Karnataka DGP R
Sri Kumar would be the
Chairman of the task
period last year, the auto
component maker said in
a filing to the Bombay
Stock Exchange.
" T h e
automotive industry in
India has started
showing early signs of
recovery which is likely to
strengthen in the coming
quarters while the
volumes in the US and
sector, which is likely to
touch USD 521 billion by
2012," Sawhny added.
He said the
Indian retail market is
estimated to be around
USD 350 billion, of which
modern retail or the
organised segment has
only four per cent share.
"Modern retail
will grow much faster, at
the rate of 30-35 per cent
a n n u a l l y, t h a n t h e
traditional one in the
coming years and will be
at the size of USD 54
billion in the next three
years," he said.
Sawhny said
the growth can be
attributed to the evolving
consumer behaviour,
Page 7
agriculture advances
during the first quarter,
benefitting 2.52 lakh
farmers. The outstanding in
the sector stood at Rs
7,994 crore as on June 30
against Rs 7,838 crore as
of March 31, 2009'.
During the
quarter, the bank disbursed
a sum of Rs 143.76 crore as
educational loans to 26,501
students, he said.
The bank had 767
ATMs, including, 211 offsite
ones, at the end of the first
quarter.
The net worth of
the bank increased to Rs
6,211.95 crore from Rs
4,933.69 crore in the
corresponding period last
year, a growth of 25.91 per
cent year-on-year basis.
The (annualised) earnings
per share had improved to
Rs 29.76 from Rs 19.30, he
added.
force.
Industries should
develop technology to
support government in
addressing security related
issues, a CII release said
here on Friday.
European markets are
starting to stabilise at lower
levels," Bharat Forge CMD
B N Kalyani said.
Total net sales
declined to Rs 358.64 crore
in the latest quarter, against
Rs 637.36 crore in the
same period previous
fiscal.
changing market dynamics
as well as to easier access
to capital by both the
retailers and consumers.
"India has one of
the largest retail industries
in the world and is the
second biggest employer in
the country. In the coming
years, developing
countries like China and
India will be attractive for
global players," he said.
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Times Chennai
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Page 8 Times Chennai E-Paper Business July 24, 2009

India's exports likely to Air India awaits Boeing

remain same: Scindia
Mumbai: India's exports
are likely to remain same at
the last year's level of USD
168 billion owing to global
slowdown.
"We will try to
achieve last year's export
turnover of USD 168 billion
in the current fiscal,"
Minister of State for
Commerce and Industry
Jyotiraditya Scindia said
here on the sidelines of
Chemxcil's award giving
ceremony here.
Chemxcil is an
export promotion council
set up by the Ministry of
Supreme Court allows Daiichi
Sankyo open offer for Zenotech
New Delhi: The Supreme
Court on Friday allowed
Japanese pharma firm
Daiichi Sankyo to go ahead
with the public offer for an
additional 20 percent stake
in Zenotech Laboratories.
A Bench headed
by Chief Justice K G
Balakrishnan stayed the
Madras High Court interim
court that granted an
interim injunction in
Commerce & Industry for
c h e m i c a l s ,
pharmaceuticals and
cosmetics sectors.
The Govern-
ment had fixed the target
for USD 200 billion of
exports for the current
fiscal while announcing
the interim trade policy in
February.
S c i n d i a ,
h o w e v e r, r e c e n t l y
informed the Rajya
Sabha that the target was
"unlikely to be achieved"
due to continuing global
financial crisis and
connection with the offer.
Earlier in
February, Daiichi Sankyo
had announced it would
launch an open offer for
Zenotech to acquire
68.85 lakh shares or a 20
percent stake.
Daiichi had said
it would pay up to Rs
78.23 crore, at Rs 113.62
a share, to Zenotech
shareholders for the
economic slowdown.
Certain sectors of exports
like, gems & jewellery and
chemical were showing
signs of improvement in
the export markets, but
overall things were not
bullish.
"Our exports fell by 33-34
per cent last fiscal.
However, there were
some improvement in the
last month, where exports
were down by 28 per cent
over the corresponding
month last fiscal," he
said.
stake in the open offer,
which was scheduled to
begin on July 15 and
close on August 3.
However, the
offer ran into controversy
as the pharma firm
complained to SEBI
against Daiichi for
allegedly not honouring a
commitment to make the
offer at Rs 160 per share.
Dreamliner's takeoff
Washington: Boeing Co During its change based on an
has reported better-than- earnings conference call, updated analysis of the
expected second-quarter analysts pressed 787's costs.
results but failed to McNerney and Chief Many airlines
answer when will its Financial Officer James have planned their
troubled 787 Dreamliner, Bell for additional details business models around
27 of which have been on the programme's the 787, which promises
ordered by Air India, fly timetable and the cost fuel-efficiency and
for the first time. impact on the maintenance-cost savings.
Boeing has programme and the The lack of a firm delivery
determined how to fix a company at large, the timetable has thrown off
787 wing-body problem, Journal reported. their ability to plan
discovered in late May, "The delays are everything from future
but it still doesn't know obviously putting routes to when they retire
h o w l o n g t h e pressure on the aging aircraft.
modifications will take, p r o g r a m m e ' s For the second quarter,
according to Chairman profitability," said Bell. So Boeing reported net
and Chief Executive Jim far, the company has income of USD 998 million,
McNerney cited by the indicated the programme or USD 1.41 a share, up 17
Wall Street Journal. has been profitable, percent from USD 852
Problems on though analysts are million, or USD 1.16 a
the Dreamliner, which
was Boeing's hottest-
looking for signs that
Boeing could take a
share, a year earlier.
That beat analysts'
selling commercial
aircraft ever, already
charge in the coming
quarters once it updates
expectations of USD 1.21 a
share. The prior-year
have pushed the first cost estimates, the results included 22 cents a
deliveries of the plane leading US financial daily share in charges. Revenue
back nearly two years said. was up 1.1 percent to USD
and cost the company The company 17.15 billion. Revenue at
millions of dollars in left intact its projection for the company's Integrated
p e n a l t i e s a n d 2009 earnings to come in Defence Systems Unit rose
concessions to at USD 4.70 to USD 5 a 9 percent to USD 8.7
customers. share but said that could billion.

CLB prevents Harsh Lodha from

chairing Birla Corp AGM
Kolkata: The Company
Law Board (CLB), in an
i n t e r i m o r d e r, h a s
prevented Harsh Lodha
from chairing the upcoming
annual general meeting
(AGM) of Birla Corporation
Ltd scheduled for July 27.
On a petition filed
by Rameshwara Jute Mill,
presiding officer of
principal bench of CLB, S
Balasubramanian
yesterday directed that in
case a vote was taken on
any item on the agenda
during the AGM, the
results shall not be
announced.
The presiding
officer ordered that
shareholders were free
to elect anyone as the
chairman except Harsh
Lodha to conduct the
proceedings of the
meeting.
Harsh Lodha
today moved the
Calcutta High Court
challenging the order.
However, as Justice
Nadira Patherya refused
to hear the matter on
personal grounds, the
matter is likely to be
moved before a different
bench of the court
tomorrow.
Harsh has been
chairing the board
meetings of Birla
Corporation since the
death of his father R S
Lodha in October 2008.

Posco withdraws suit against SAIL

New Delhi: Posco E&C,
part of South Korean steel
giant Posco, on Friday
withdrew its suit in the Delhi
High Court against state-
run SAIL for terminating a
Rs 2,000-crore order.
During the
proceedings, the counsel
appearing for Posco E&C
informed the Court that the
company is withdrawing its
writ petition filed against
SAIL and the Bhilai Steel
Plant on Wednesday.
Admitting the
request, a Division Bench
comprising Justice B D
Ahmad and Justice Veena
Birbal allowed the South
Korean firm to withdraw its
petition.
T h e C o u r t
granted Posco E&C the
option of approaching a
civil court or take any
other course available to
it.
During the last
hearing, the Court had
asked the foreign firm to
submit its views by today
-- whether it is going to
participate in the
retendering process
initiated by SAIL for
constructing the blast
furnace at the Bhilai Steel
Plant.
To advertise in
this paper mail to:
adsales@timeschennai.com
The South
Korean firm had moved
the Delhi High Court
against SAIL alleging an
" i l l e g a l a n d
discriminatory"
termination of an order by
the Bhilai Steel plant of
the PSU for constructing
a blast furnace, despite it
being the lowest bidder.
The Division Bench had
suggested Posco
participate in the
retendering process
initiated by SAIL.
July 24, 2009
New Zealand retains
players despite IPL lure
Christchurch : Six Kiwi
players, including skipper
Daniel Vettori, have chosen
the national team ahead of
the Indian Premier League
and signed their new
contracts for the next
season despite a clash
between a home series and
IPL commitments.
Vettori, Brendon
McCullum, Kyle Mills,
Jacob Oram, Jesse Ryder
and Ross Taylor were
allowed the extra time to
confirm their NZC contracts
and all 20 players have now
signed the national deals,
New Zealand Cricket
Board said.
The third edition
of the cash-awash IPL,
Times Chennai E-Paper
which was pre-poned to
accommodate the
Twenty20 World Cup,
begins in March next year
and will overlap with the
Australia's tour of New
Zealand.
"This is an
admirable decision by
each of these individuals
and they should be
applauded for it," NZC
Chief Executive Justin
Vaughan was quoted as
saying by 'Cricinfo'.
"By signing their
contracts they are
sacrificing significant
sums of money. Their
decision helps to
reinforce international
cricket as the pinnacle of
Sports
our sport, and clearly
shows that representing
New Zealand remains
the biggest motivating
factor for our leading
players.
V a u g h a n
agreed it was a diffcult
decision to make and
urged for a quick solution
to the problem.
"We appreciate
this issue may recur
again and the onus is on
international cricket to
pro-actively search for
solutions so that players
are not forced to make
such difficult decisions in
the future," he added.
Windies will bounce back
in ODI series: Dyson
Dominica: Though his
side lost the Test series to
minnows Bangladesh,
West Indies coach John
Dyson feels that West
Indies have enough
strength to win the
upcoming three-match
ODI series against the
sub-continent side.
"This is a totally
different game now,"
Dyson said. "We`re
playing 50-over cricket,
not five-day cricket. The
two Test matches were
closely fought, it wasn`t a
case where we were
thrashed in either of the
matches. We could have
won both so I don`t think
there`s much in it."
He praised his
inexperienced players
who played for West
Indies in the Test series
after the regular players
boycotted the series over
the pay dispute with the
board. "For guys who had
little experience in
international cricket to
come forward like that
and play as well as they
did, I think they did pretty
well," Dyson said.
"They`ve played some
good cricket so far,
unfortunately we weren`t
able to get across the line
and win the Tests."
The first two
ODIs will be played in
Dominica on Sunday and
Page 9
Tuesday, and Dyson hoped
the pitches would invalidate
the Bangladesh spinners
and help the West Indian
pacemen. "I`m looking
forward to the one-dayers.
What I`d like to see is a
hard, pacy, bouncy wicket,"
Dyson said.
T h o u g h
Bangladesh’s series win
came on the back of superb
performance from their
spinners led by skipper
Shakib Al Hasan, West
Indian pacers, especially
Kemar Roach and Darren
Sammy bowled their heart-
out in the series. Roach in
his debut series became
the highest wicket-taker
with 13 wickets.

Cricket is resilient, strong and Prior boost for Sussex

still developing: Lorgat
London : Cricket has developing".
emerged stronger and "Exploring the
more diverse than ever history of the ICC and
before as it coped with cricket over the past 100
"substantial challenges" years has been a
over the century by gone, fascinating and
observes the International educational experience.
Cricket Council. What I believe it has
The ICC CEO shown us is that cricket is
Haroon Lorgat said when resilient, strong and still
the two-day ICC History developing," Lorgat said
Conference looked back at at the end of the
the past 100 years of the conference.
game as part of its " T h e
centenary year conference showed that
celebrations, it was clear our great sport has faced
that the sport was challenges and some of
"resilient, strong and still those challenges have
Nagapattinam to host state
masters athletic meet
Porayar: The Tamil Nadu Ta l k i n g t o
Masters Athletic meet will reporters yesterday,
be held at Nagapattinam Dawaram said that
from August 28 to 30, athletes who have
President of Tamil Nadu crossed 35 years would
Masters Athletic be eligible to participate
Association (TNMAA) WI in the meet, consisting of
Dawaram has said. long jump, high jump,
Dalmiya set for another term as CAB chief
Kolkata: Jagmohan nominations here today.
Dalmiya is set for yet G a n g u l y
another innings at the helm
apparently gave Dalmiya
of Cricket Association of a walkover after
failing to manage
the required
numbers.
There was no
challenge for
Dalmiya camp`s
t w o j o i n t
secretaries -- Arun
Mitra and Biswarup
Dey -- and
treasurer Subir
Ganguly either.
The only challenge
came from Howrah
district`s Abhijit
Dutta who filed his
Bengal as there was paper against the
four sitting Vice
nobody, including former
India captain Sourav Presidents -- Samar Kar,
Ganguly, to challenge the Shiv Kumar Kalyani, Arijit
Datta and Timir Ghosh.
former BCCI president on
the last day of filing CAB Thus the CAB
been substantial.
However, it also
showed that cricket has
always coped with those
challenges and has
adapted to the extent that
it is now stronger and
more diverse than ever
before," he said.
"We have three
formats, the ICC has
more members than ever
before – 104 of them –
and within those
members there are more
people playing the game
than at any time in our
history," he added.
shot put, javelin throw
and discus throw.
He said 12
athletes from Tamil Nadu
would participate in the
World Masters Athletic
Meet this year.
annual general body
meeting of July 31 will be
a drab affair with Dalmiya
retaining his grip over the
association.
Asked for his
reaction, Dalmiya said it
was premature to
comment.
"It`s not yet
official. Unless it is
officially declared, I
would not like to
comment on it," Dalmiya
said.
The 78th CAB
AGM turned even more
significant when former
India captain Sourav
Ganguly expressed his
desire to step into cricket
administration and it
snowballed into
speculation that he was
eyeing the BCCI
President`s post in 2014.
ahead of Lord's final
London: England
wicketkeeper Matt Prior
hopes the feelgood factor
from his Ashes triumph
over Australia will help
Sussex in Saturday`s
Friends Provident Trophy
final against Hampshire.
While Andrew
Flintoff took the headlines
after bowling England to
victory over the
Australians in the second
Ashes Test at Lord`s
earlier this week, Prior
quietly had one of his
most influential games for
his country.
The 27-year-old
Even though
Ganguly stayed away
from this year`s election,
he will be attending the
A G M t h r o u g h
Mohammedan Sporting
and the Working
Committee meeting
through Bhukailash
Sporting Club.
The Dalmiya
camp has already
decided to retain the
same panel for another
terms.
Earlier, it was
also speculated that
heavyweight candidates
like former speaker
Somnath Chatterjee and
Union Minister Sultam
Ahmed might throw a
challenge to Dalmiya but
eventually Dalmiya had
the last laugh today.
highlighted his class with
a quick-fire 61, off just 42
balls, in the 115-run
victory, so it is hardly
surprisingly that Sussex
captain Michael Yardy is
relieved his wicketkeeper
has been given
clearance
to feature
in English
county
cricket`s
showpiece
one-day
m a t c h
ahead of
n e x t
week`s
third Ashes
Te s t a t
Edgbaston
.
"Havin
g Matt available makes a
big difference to us,"
Yardy said. "This is a guy
that has played for
Sussex since he was 12;
he is Sussex through and
through, cares deeply
about the club, and
someone we welcome
back with open arms."
"When you look
at him now - he`s always
been a very talented
striker of the ball - he
could play for England as
a batter."
"He looks in
such control. His innings
against Australia at
Lord`s was so clinical
and precise."
"To score 60 off
40 balls in a Test match,
without any change to
your normal game, is
incredible."
Sussex have
used both Andrew Hodd
and Ben Brown behind
the stumps during a
successful season in
limited-overs cricket. But
Prior`s inclusion will
further enhance a side
rich in runs in the latter
stages of the tournament.
Meanwhile,
Hampshire`s Dominic Cork
admits his enthusiasm for
cricket burns as brightly as
ever at the age of 37.
The former
England all-rounder was
released by Lancashire at
the end of last season but
was offered a two-year
deal by the Hawks and has
played a major part in them
reaching their third Friends
Provident final in five years.
Cork has taken 17 wickets
in nine matches in the
competition and would
have gained immense
satisfaction in helping
Hampshire win the semi-
final against his former
county at Old Trafford.
Now he is looking
to use his experience to
help Hampshire`s crop of
promising players such as
Jimmy Adams, Michael
Lumb, Michael Carberry
and Sean Ervine to go on
and achieve even greater
success.
Cork said: "I
came to Lancashire and
went to Lord`s. I was at
Derby and went to Lord`s.
Now in my first year at
Hampshire, we`ve got a
Lord`s final."
"I came out on the
wrong end against Sussex
with Lancashire in the 2006
final and I am looking
forward to going back with
Hampshire and winning it."
"There is a lot of
rivalry, probably similar to
Yorkshire and Lancashire
rivalry, between two South
Coast clubs."
"We play hard
cricket and we`ve played
each other a few times this
season and it`s been
basically honours even."
Page 10 Times Chennai E-Paper July 24, 2009