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You are here: Home / Archives for 2018

Archives for 2018

Key Indian equity indices open lower

October 4, 2018 by Nasheman

Taking a cue from Asian markets, the key Indian equity market indices on Thursday opened lower with fears over the Reserve Bank of India (RBI) turning more hawkish in its monetary policy stance.

The Sensitive Index (Sensex) of the BSE, which had closed at 35,975.63 points on Wednesday, opened lower at 35,820.53 points.

Minutes into trading, it was quoting at 35,603.53 points, down by 372.10 points, or 1.03 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,858.25 points on Wednesday, was quoting at 10,697.15 points, down by 161.10 points or 1.48 per cent.

Rise in crude oil prices, along with a weak rupee and outflow of foreign funds, had dragged the key domestic equity indices lower over one per cent on Wednesday.

In addition, fears over the central bank turning aggressive in its monetary policy stance due to a rise in inflationary pressure also led to erosion in investors’ risk-taking appetite.

The Sensex was down by 550.51 points or 1.51 per cent at the Wednesday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 36,602.85 points and a low of 35,911.82 points. The Nifty, was down by 150.05 points or 1.36 per cent.

On Thursday, Asian indices were showing a negative trend. Japan’s Nikkei 225 was quoting in red, down by 0.72 per cent while Hang Seng was down by 1.80 per cent, South Korea’s Kospi was also down by 1.41 per cent.

Overnight, Nasdaq closed in green, up by 0.32 per cent while FTSE 100 was also up by 0.48 per cent at the closing on Wednesday.

Filed Under: Business & Technology

India to bat against West Indies in 1st Test

October 4, 2018 by Nasheman

India won the toss and elected to bat against West Indies in the first Test here on Thursday.


For India, Kuldeep Yadav, Umesh Yadav and Mohammad Shami are starting while Prithvi Shaw is making his debut.

For West Indies, Sherman Lewis will be the debutant.

Squads:

India: Lokesh Rahul, Prithvi Shaw, Cheteshwar Pujara, Virat Kohli(c), Ajinkya Rahane, Rishabh Pant(w), Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav

West Indies: Kraigg Brathwaite(c), Kieran Powell, Shai Hope, Shimron Hetmyer, Roston Chase, Sunil Ambris, Shane Dowrich(w), Keemo Paul, Devendra Bishoo, Sherman Lewis, Shannon Gabriel

 

IANS

Filed Under: Sports

Putin calls ex-Russian spy Skripal ‘traitor’

October 4, 2018 by Nasheman

Russian President Vladimir Putin called former spy Sergei Skripal, who was poisoned along with his daughter in the UK, a “traitor” and suggested that the incident was being “artificially blown up” by the media.

Asked at an energy forum on Wednesday in Moscow to comment on the case and its consequences, the Russian President launched into a tirade against Skripal, who was hospitalised along with his daughter Yulia after exposure to a military-grade nerve agent in Salisbury in March, reports CNN.

“I see that some of your colleagues are pushing the theory that Skripal is almost a human-rights activist,” Putin said.

“He’s just a spy. A traitor to the Motherland. There’s such a thing as a traitor to the Motherland. He’s one of them. He’s just a scumbag, that’s all.”

Putin said that the Salisbury affair “is being artificially… blown up” by the media, but added: “It’ll pass, eventually… The sooner it’s over, the better.”

The comments come amid a deepening diplomatic clash between Moscow and the UK, which has blamed the March 4 poisonings on the GRU, Russia’s military intelligence agency.

UK investigators have also formally linked the attack on the Skripals to the June 30 poisoning of Dawn Sturgess and Charlie Rowley, a couple living in Amesbury, near Salisbury.

Sturgess died on July 8 after applying a substance to her wrists from a perfume bottle found by Rowley.

The Kremlin has consistently dismissed official British allegations.

(IANS)

Filed Under: World

BJP appoints poll managers ahead of Assembly elections

October 4, 2018 by Nasheman

The BJP on Wednesday appointed three senior Central Ministers as poll managers for Madhya Pradesh, Rajasthan and Telangana.

BJP President Amit Shah appointed Petroleum Minister Dharmendra Pradhan as party’s election incharge for Madhya Pradesh, Prakash Javadekar for Rajasthan and Health Minister J.P. Nadda for Telangana, a party statement said.

In Madhya Pradesh and Rajasthan, where elections are due by the end of this year, the BJP and the Congress will be in direct contest. Telangana Chief Minister K. Chandrasekhar Rao dissolved the Assembly nearly nine months before its term was to end to clear the way for early elections. Elections in Telangana are likely in January or February.

New appointments in BJP’s West Bengal unit, where ruling TMC and the BJP are at loggerheads, were also announced. Former Trinamool Congress leader and Union Minister Mukul Roy, who joined the BJP last year, was appointed coordinator of election management committee of the party.

The BJP has appointed RSS pracharak Arvind Menon as co-incharge of West Bengal. Menon served as BJP’s General Secretary (Organisation) in Madhya Pradesh and will now work under party General Secretary Kailash Vijaywargiya.

The BJP has been ruling Madhya Pradesh since 2003 after ousting the Digvijay Singh government of the Congress from power.

The BJP is ruling Rajasthan since 2013 when it swept the polls by bagging 163 of the 200 assembly seats under the leadership of present Chief Minister Vasundhara Raje.

(IANS)

Filed Under: News & Politics

Justice Ranjan Gogoi sworn in as Chief Justice of India

October 4, 2018 by Nasheman


Justice Gogoi was administered the oath of office by President Ram Nath Kovind at a function in the Rashtrapati Bhawan, attended by PM Narendra Modi.

Justice Ranjan Gogoi was on Wednesday sworn in as the Chief Justice of India, becoming the first chief of the apex court from the northeast.

He was administered the oath of office by President Ram Nath Kovind at a function in the Rashtrapati Bhawan, attended by Prime Minister Narendra Modi, Union Ministers Arun Jaitley, Rajnath Singh and Ravi Shankar Prasad.

Lok Sabha Speaker Sumitra Mahajan and former Prime Ministers Manmohan Singh, HD Deve Gowda, along with Leader of Congress Party in the Lok Sabha Malikarjun Kharge were also present.

Justice Gogoi is the nation’s 46th Chief Justice succeeding Chief Justice Dipak Misra, who demitted office on October 2. He will be in office for 13 months and 15 days till November 17, 2019, when he will turn 65.

Significantly, Justice Gogoi is one of the four senior-most judges of the Supreme Court who had risen in revolt against Justice Misra in January when they held a press conference criticising him on constitution of benches.

Attorney General KK Venugopal, former AG Mukul Rohatgi, eminent jurist Fali Nariman and Supreme Court Bar Association President Vikas Singh were also present on the occasion.

Justice Gogoi was enrolled at the Bar in 1978 and practised at the Gauhati High Court of which he was made a Permanent Judge on February 28, 2001.

He was transferred to the Punjab and Haryana High Court on September 9, 2010 and became its Chief Justice on February 12, 2011. He was elevated as a Judge of the Supreme Court on April 23, 2012.

With just a little over a year at the helm, Justice Gogoi’s hands are full with pressing matters like Ayodhya, appointment of Lokpal, setting up of more fast track courts to try lawmakers facing criminal cases involving heinous crimes and other issues.

Justice Gogoi has set the task of addressing the issue of the huge backlog of cases that is plaguing the justice delivery system which he had said was threatening its credibility including its relevance.

With over 2.6 crore cases pending and with every fourth position in subordinate judiciary and nearly half of the High Court posts vacant — the task set by the Chief Justice is a mammoth one.

He had earlier said that he had a plan to address the issue which will be unfolded in due course.

Speaking at a seminar last week, Chief Justice Gogoi said: “Pendency is bringing a lot of disrepute. In fact, if I may say so, it has the potential of making the system irrelevant” and “I have a plan and will unfold it.”

IANS

Filed Under: Cabinet of Curiosities

Indian man faces jail, caning over bid to extort bank

October 4, 2018 by Nasheman

A 35-year-old Indian national faces a jail term of 2-5 years and caning over his bid to extort half a million dollars from Standard Chartered Bank in Singapore, the media reported on Wednesday.

According to court papers, Nagarajan Balajee had allegedly threatened to publish a libel concerning Aalishaan Zaidi, 47, the global head of digital banking at Standard Chartered Bank, unless he paid 500,000 Singapore dollars, the Straits Times reported.

Zaidi was one of a few bank employees who received the threatening e-mails sent anonymously. He earlier made a police report on the bank’s behalf.

The Indian man was arrested on Sunday and several laptops as well as mobile phones were seized from him in connection with the case, the report said.

According to the daily, the bank had made a police report last Thursday about how it had been threatened with a leakage of confidential information. Balajee was believed to have used multiple fictitious e-mail accounts to deliver the threats anonymously.

Preliminary investigations by the police also found that the suspect might have used overseas-registered mobile lines and virtual private network services to mask his identity to evade detection. A VPN allows unauthorised content from overseas to be accessed by users.

Balajee is out on bail and due to appear in court on October 30.

IANS

Filed Under: Crime

‘Tibetans extremely successful in retaining their ancestral way of life’

October 4, 2018 by Nasheman


Even in the face of “extraordinary pressure to assimilate with the host populations”, Tibetans living in exile in India have been extremely successful in retaining their ancestral way of life, says Sudeep Basu, whose recent book “In Diasporic Lands”, attempts to chart the story of Tibetan refugees and their transformation since the exodus.

“The success is a result of a concerted effort on the part of the government of India and the Dharamsala administration to enable Tibetan refugees to preserve their culture and pursue economic activity against all odds,” Basu, an Assistant Professor at the Centre for Studies in Social Management, Central University of Gujarat, told IANS in an interview.

He contended that the creation of a series of permanent agricultural settlements throughout India in the initial years of refuge was a successful rehabilitation strategy. He also said that many Tibetans living in transit camps or working on road repair were resettled “within a period of five years” and became economically “self-sufficient”.

“Gradually, with greater education extended to Tibetans, many have moved out of these settlements into other occupations, exploring new possibilities among their hosts. In time, sweater-selling business, hotel business and tour operations, proved more lucrative and less time-consuming for the aspirational India-born Tibetans,” he pointed out.

His book is based on ethnographic fieldwork in Darjeeling and the author’s findings suggest that an uncertain future has not deterred Tibetans, refugees in Darjeeling since 1959, from achieving material and non-material success.

“The point of consideration for the new generation in Darjeeling town has been the prospect, desirability and extent of participation in the affairs of the homeland, besides pursuing business and work-related ventures. Through public acts of mobilisation, Tibetan diasporic communities are seen to display their loyalty to the Tibetan cause and yet not antagonise their hosts through ostentatious display of wealth. Their act of restraint and a ‘non-violent’ disposition creates an amiable relation with host communities. This makes life in Darjeeling more bearable for them, but to achieve this requires constant negotiation and a balancing act,” he said.

In the book, Basu argues that places and identities are “redefined and transformed” by refugees negotiating their “belonging in an alien country” over time. Asked how, he shared an example, pointing out that nearly all Tibetan refugees in Darjeeling town under the Foreigners Registration Act have also obtained the Registration Certificate (RC) as an emphatic proof of their Tibetanness.

“The RC remains one of the most powerful unifying symbols for the Tibetan exiles. Yet Tibetan refugees in Darjeeling town continue to identify themselves or are identified by others as Indian citizens, in certain contexts. It becomes difficult to distinguish between a façade and a reality, since refugees are unwilling to disclose how they identify themselves with others. This gives off the image that refugees ‘imagine’ themselves as being part of the host society or producing real or fictitious forms of cosmopolitan identity,” Basu said.

In the book, he also talks at length about the “lived meanings” that Tibetan refugees in Darjeeling attach to their life in exile and to the spaces they live and work in. He said that their strategies of living “without feeling the constraints of otherness” are vital to leading a dignified life.

“The landscape of Darjeeling into which the Tibetans moved following the exodus was relatively close by and topographically not entirely dissimilar to Tibet… The re-creation of familiar features from the lost environment as recaptured in the architectural design of houses built in and around the refugee settlement, making of thangka paintings and handicrafts, rituals of naming houses and streets with their spatial and temporal symbolism, inner decoration of refugee homes with pictures of the Potala palace and the Dalai Lama, continue to provide meaning and purpose to refugee lives,” Basu maintained.

But while Tibetan refugees negotiate their lives in exile, what does Tibet as a homeland stand for them now?

Basu said that the continuing traffic between Tibetans, both physical and on the internet, on both sides of the Himalayas and dispersed in the diaspora has produced an increased awareness among Tibetan refugees of the inter-connectedness of places.

“Forced migration and the seeming impossibility of return to one’s home country have produced feelings of longing, despair and idealisation concerning Tibet and Tibetanness among Tibetans over time. The condition of protracted exile has also produced a ‘virtual Tibet’ through the proliferation of vibrant social media communications among lay Tibetans in Tibet and in the diaspora as well as the Tibetan government-in-exile,” he said.

According to the figures presented in the book (from the Tibetan Demographic Survey of 1998), 2,411 Tibetans live in Darjeeling town; 442 in Ghoom; 2,023 in Kalimpong; 447 in Kurseong; and 641 in Sonada.

“In Diasporic Lands” is published by Orient Blackswan, and is priced at Rs 775.

(IANS)

Filed Under: Books

L&T arm to build Bengaluru airport’s 2nd terminal

October 4, 2018 by Nasheman

The project is expected to be completed by March 2021 and will increase the airport’s capacity to 45 million passengers annually.

Infrastructure major Larson & Toubro’s (L&T) buildings and factories business arm would build the second terminal of the Bengaluru international airport, said its operator on Wednesday.

“The Rs 3,036-crore order to construct the airport’s terminal-2 has been given to the Building & Factories Business of L&T,” said the operator Bangalore International Airport Ltd (BIAL) in a statement in Bengaluru.

The operator is a private-cum-public consortium of the decade-old greenfield Kempegowda airport at Devanahalli, 35km north of the tech hub.

“The terminal will augment the airport’s capacity by 25 million passengers per annum when completed by March 2021 to 45 million from 20 million presently,” said BIAL Chief Executive Hari Marar on the occasion.

The project work includes design, engineering, procurement, construction, testing and commissioning of the terminal, integrating services and utilities of the airport’s systems, support facilities and buildings in terminal one.

The L&T arm is constructing the airport’s second runway, apron and auxiliary buildings.

“The repeat order is a measure of confidence our client has in us to deliver another airport project to international class and quality,” said L&T Chief Executive SN Subrahmanyan in the statement.

The US-based leading architecture and urban planning firm Skidmore, Owings & Merrill has designed the proposed terminal.

As the country’s third busiest after that of New Delhi and Mumbai, the Bengaluru airport handled 26.9 million passengers in fiscal 2017-18.

In all, 44 Indian and international airlines operate from the airport connecting 46 domestic and overseas destinations daily through the year.

In the consortium, Canada’s leading financial holding firm Fairfax holds 54 per cent equity, Siemens Projects Ventures 20 per cent, while the central and state governments hold 13 per cent each through state-run Airports Authority of India (AAI) and Karnataka State Industrial & Infrastructure Development Corporation Ltd (KSIIDC).

IANS

Filed Under: Business & Technology

2 killed in Bihar over water dispute

October 4, 2018 by Nasheman

Two persons were shot dead and a Dalit woman was injured on Thursday during a caste-clash over water sharing for irrigation in Bihar’s Nawada district, police said.

The incident in Khaira village, about 150 km from here, has caused tension in the area. Security forces have been deployed.

The area is facing an acute shortage of rainfall. Farmers are restless for their kharif crop mainly paddy.

Following a heated exchange between two groups earlier in the day, a powerful backward caste group opened fire and killed two persons on the spot while seriously injuring a Dalit woman, Akbarpur police Station Officer in-charge Sanjeev Mauaar said.

She was admitted to a hospital in Nawada, he said.

Bihar has recorded 22 per cent rainfall deficit during the 2018 monsoon.

IANS

Filed Under: Crime

Kiran Bedi and MLA argue on stage, MLA walks out after screaming at her

October 4, 2018 by Nasheman

Kiran Bedi tweeted that the MLA had spoken beyond the time allotted to him and they had to switch off the microphone.
An incident which took place at a government event on Tuesday has increased the existing friction between the elected government in Puducherry and the Centre-appointed Lieutenant Governor. This time, it was AIADMK MLA A Anbalagan who got into a heated argument with the Lieutenant Governor of Puducherry Kiran Bedi in a public function.

The MLA, who represents the Oupalam constituency in Puducherry legislative assembly, was speaking at an event organised by the Government of Puducherry to declare the region as Open Defecation Free (ODF). It was attended by Lieutenant Governor Kiran Bedi and ministers from the Puducherry government including the Local Administration minister A Namassivayam.

According to a few Tamil channels, the issue began when A Anbalagan, while speaking on the dais, listed out the schemes pending completion in his constituency, and he claimed these schemes were awaiting approval from the governor. Kiran Bedi, who was sitting on the stage, immediately walked to the podium and asked the staff there to switch his microphone off. However, Kiran Bedi tweeted that the MLA had spoken beyond the time allotted to him and they had to switch off the microphone when he showed no signs of stopping his speech.

An MLA’s Mike had to b turned off when he persistently rejected any req from panel of Hble Ministers to limit his speech.
He rejected all appeals. He shouted back. I hav seen him do this earlier too. Event was to give away awards for good work done in making Puducherry ODF

The MLA, angry at this, got off the podium and engaged in an argument with Kiran Bedi telling her that it was wrong of her to have told the staff to switch the microphone off when he was in the middle of his speech.

“It is wrong to insult an MLA on stage like this. You show your power to the ministers here and not to me,” he told her.

Kiran Bedi, can then be seen in videos folding both her palms, requested him to go back and continue his speech. She also told the other dignitaries on the stage that she does not understand Tamil and asked Anbalagan not to spoil the function. In one of the videos, Kiran Bedi can be heard telling the MLA, “Please go”. He then tells her back, “Please go.”

Local Administration minister A Namassivayam, who was also on the dais, tried pacifying Anbalagan, who shouted at him also.

Anbalagan refused to budge, shouted at both of them and walked out of the event midway.

IANS

Filed Under: News & Politics

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