Monday, March 30, 2009

Two Ministers and an Ex Minister, the Leftist and rightist FACES of Indian political Economy

Two Ministers and an Ex Minister, the Leftist and rightist FACES of Indian political Economy
Troubled Galaxy Destroyed Dreams: Chapter 191
Palash Biswas

Congress, BJP will form joint govt, says Govindacharya
Hindu - ‎4 hours ago‎
Kota (PTI): At a time when poltical alliances are fragmenting, a social reformer has recommended a unified goverment of the Congress and BJP.
BJP launches two TV ad campaigns for LS polls Business Standard
What recession? Indian political parties are flush with funds Economic Times - Calcutta Telegraph - Indopia - Daily News & Analysis
all 80 news articles »

Draft communique for G20 summit
Reuters - ‎3 hours ago‎
(Reuters) - The leaders of the Group of Twenty (G20) leading and emerging nations will agree at a summit on Thursday to refrain from currency moves that would hurt each other's economies, according to a draft statement.
Protests gain momentum ahead of G-20
Pressure on leaders ahead of G20 summit BBC News
Wall Street Journal - - CNN - Hindu
all 4,043 news articles »
Gradual opening up of sector to foreign banks
Business Standard - ‎1 hour ago‎
The committee on financial sector assessment (CFSA), headed by Reserve Bank of India (RBI) Deputy Governor Rakesh Mohan, has favoured a process of gradual opening up of the sector to for foreign banks.
Panel: foreign banks' entry must be gradual Reuters India
8 per cent growth sustainable in medium term: Govt. panel Hindu - Press Trust of India - Wall Street Journal - Economic Times
all 36 news articles »

Arun Shourie on Terrorism (Part 1)

Arun shourie at program conducted by BJP Karnataka.

Arun Shourie on Terrorism 2

Interview with Arun Shourie

Arun Jaitley in Devil"s Advocate(Part 1)

Arun Shourie Part 1


BBC News
Obama Issues Ultimatum to Carmakers
New York Times - ‎1 hour ago‎
Pictured left to right with President Obama: Ray lahood, transportation secretary, Timothy F. Geithner, treasury secretary, Edward Montgomery, the newly designated Director of Recovery for Auto Communities and Workers, and Gary Locke, ...
Obama Outlines Tough Terms For Auto Industry Aid Voice of America
Canada says Chrysler/GM asked for up to C$11.5 bln Reuters
The Associated Press - - AFP - Bloomberg
all 7,724 news articles »

ABC News
New Afghan Strategy Elicits Hope, Anxiety
Voice of America - ‎58 minutes ago‎
By Barry Newhouse The Obama administration's new proposal for strengthening the Afghan government, training more security forces and ending the country's grinding insurgency is a key focus at meetings this week in Europe.
US won't hunt militants over Pakistan border: Obama AFP
Obama's 'New' Afghanistan Strategy FOXNews
Radio Australia - Hindu - Hindustan Times -
all 7,393 news articles »

BBC News
Alleged gunman's wife worked at nursing home, police say
CNN International - ‎38 minutes ago‎
(CNN) -- A man accused of killing eight people in a shooting spree at a North Carolina nursing home is the husband of a woman who worked there, police said Monday.
Motive still open in nursing home rampage; 8 dead The Associated Press
Gunman’s Wife Worked at Nursing Home He Attacked New York Times
BBC News - - AFP - Xinhua
all 2,231 news articles »
Our FRIEND and guide, the Marxist Minister and Poet from Tripura has written another poem and thsi time on Matua mobilisation after Chandal movement.
I am fortunate that he chose me to rang and recite the poem for dalit liberation.
In fact, he rang me twice today to tell that only the Ideology of Harichand and Guruchand along with Marxism and ambedkar ideology may help us to achieve SALVATION. While Manjul Thakur, the younger son of PR THAKUR despises Marxists as well as AMBEDKARITES.
The Present Matua fllowing belives in MYTHS and Legends of INCARNATION and pleads the movement as a RELIGIOUS one disassociating from its Legacy of Chandal Movement, the Untouchability Abolishment Movement, Indigo revolt, Tebhaga and Peasnt uprising in Bengal, GURUCHAND THAKUR, JOGENDRA NATH MANDAL, Mukund bihari Mallick and AMBEDKAR links, Guruchand`s contribution to the Fisrs time RESERVATION of 21 Scheduled castes right in 1909 in Bengal, the Demand of Charter addressed to BRITISH QUEEN by Guruchand Thakur and Mukund Bihari Mallick with the DEMAND of SEPARATE ELECTORATE for untouchables in India in 1911 even before the emergence of Dr BR Ambedkar in 1916 which was folowed up by constitution of SOUTH BORROUGH COMMISSION in 1919 and later SIMON Commission and the COMMUNAL AWARD!

Matuas disassociates from the tradition of COMPLETE Rejection of VEDIC RELIGION and retuals based on Brahaminical system and Untouchability based on GRADED caste system! The matuas have adopted VEDIC RELIGION, rituals and BRAHAMINICAL Psyche so the FORE Father of Harichand Thakur and Guruchand Thakur is being described a MAITHILI Brahamin rejecting the UNTOUCHABL CHANDAL Origin!

The matuas also reject the achievement of Guruchand Thakur to count the scheduled castes separately in 1911 census!

The AWAKIENING, Empowerment, ORGANISATION, Political power, Women and children welfare, land Reforms, education agenda, economic progrramme and so on , do not find any space in Matua priority since PR Thakur joined CONGRESS and OPPOSED DR AMBEDKAR.

Matuas suffer from DEMENTIA and this DEMENTIA is GLORIFIED by LEFT as well as RIGHT Politics! And it is never meant social Empowerment or awakening or Dalit liberation! All it means RELIGION which is followed by the Marxist Ministers as well!
Anilda faced heavy CRITICISM within the party while he wrote poems on MAYAWATI!

The Marxist minister from Tripura visted THAKUR Nagar on the day while Marxist minister fro West Bengal SUBHASH CHAKRABARTI visited the MATUA HOLY Place

The day when Manjul Thakur rejected the proposal of GOVT take over of the PILGRIMAGE management!

Former Union Disinvestment Minister Arun Shourie vsited KOLKATA Today and declared that the economic slowdown in India preceded global meltdown due to stoppage of reforms by the UPA Government!Shourie, who was the disinvestment minister during the BJP-led NDA regime, said the slowdown in India is seen in specific sectors like textiles where lakhs of jobs were lost. Shourie expressed fears that the fiscal deficit as a proportion to the GDP was likely to touch 13 per cent to 14 per cent in 2009-10.

It is peculiar coincidence that I have to write on the Ministers while talking about latest UPDATES from the Geo Politics as Lahore also witnessed a TERRORIST attack jsut after US president barrrack Obama decalred India, china and Iran to be the Partners in war Against TERROR and INDO US ZIONIST Strategic alliance and DEFENCE Deal realities are exposed very well.

Oil prices tumbled below $49 a barrel on Monday as unease about the economy - from Asia to America - raised doubts about the global appetite for energy.Benchmark crude for May delivery fell nearly 7 percent, or $3.48, to $48.90 on the New York Mercantile Exchange.

In London, Brent prices fell $3.53 to $48.45 a barrel on the ICE Futures exchange.

Gasoline futures plunged. Most energy-market analysts found no fundamental reason for a rally this month that pushed oil prices from $40 per barrel to more than $50. Crude inventories continue to build even with OPEC cutting production and domestic producers suspending oil projects.

Oil prices have moved higher as a spate of positive economic news heartened investors. Just last week, markets rallied behind word of a new plan to resolve the nation's banking crisis and a report that consumer spending rose in February for a second straight month.

The Organization of Petroleum Exporting Countries has promised to slash production by 4.2 million barrels per day, but analysts are at odds about the level of compliance by OPEC members.

JBC Energy in Vienna cited data from tanker-tracking agency Petrologistics showing that March crude oil production from 11 OPEC nations would total 25.9 million barrels a day, more than 1 million barrels higher than the group's implied output ceiling of 24.845 million barrels a day.

Comments Monday by Qatar's oil minister suggested OPEC members may be facing a new reality because of a widespread recession. Abdullah bin Hamad al-Attiyah said he was ``OK'' with crude prices around $50 a barrel for 2009 and was ``trying to be more pragmatic'' regarding the global crisis and its effects on oil prices.

Just two weeks ago as OPEC ministers gathered in Vienna, Austria, there was still talk of $70 oil.

In other Nymex trading, gasoline for April delivery tumbled 9.7 cents to $1.3911 a gallon while heating oil slipped 7 cents to $1.3628 a gallon. Natural gas for May delivery fell 1.2 cents to $3.725 per 1,000 cubic feet.

Terror struck Lahore for the second time in a month on Monday when heavily armed gunmen stormed a police academy near Lahore killing at least 27 policemen in an eight-hour siege that ended with four terrorists being shot dead and six captured alive by security forces.
Clad in police uniform, the terrorists, numbering 10, attacked the academy at 7 a.m. and lobbed grenades and opened indiscriminate fire as trainees prepared for the morning drill, killing guards at the gate.

The audacious attack comes barely a month after the bus of the Sri Lankan cricket team was ambushed by terrorists on March 3 here leaving eight people dead. Six cricketers sustained injuries in the attack.

Mind you, First World war DEBTS and REPARATION charged to Germany and Protectionism introduced by USA followed by West caused the great recession in 1929. WESTERN countries including United Kingdom, Italy and France practiced APPEASEMENT policy for the NAZI HITLER hoping that Germany would STOP Export of communism to the West. Later Anti COMINTERN Movement created the AXIS of AGGRESSION with alliance of Germany, italy and Japan which led to World war TWO.

I have been writing that the IRAQ Afgan War, the OIL WAR has created the recent RECESSION associated with crisis in ZIONIST WAR Economies and Global Weapon Industry.

ARMS DEALS, kick backs , SWISS Bank Accounts and DEFENCE EXPENDITURE associated with AUTO SURGE and ENERGY CRISIS with oil dominated foreign policy relates directly to Indian Economy. FIIs control the FREEsenSEX and INDIA INCs, the shaping in ILLUMINITI desi formulates the ECONOMIC Policy backed by the BASTARDISED THINK TANK, Economists, RBI and FINMIN in accordance with Washington Dictates to ensure the worldwide ILLUMINITI ZIONIST interests!

Arun Shourie represents the ZIONIST THINK Tank!

Mind you, the Capitalist in either USA or the Europe, never faced CASH or CREDIT Crunch. Simply they did not INVEST at home. The Capital Diversion was the greatest cause of RECESSIOn as US and EUROPEAN capitalists invested in foreign land.

At present, India Incs enjoys exemptions in EXPORT and IMPORT duties, tax waivers, writing off the Loan, favourable Interest and rapo rates, cent percent FDI and entire Indian revenue is diverted to feed the KILLER Money Machine.

The Bail Out Money and the stakes of Indian tax payers tend to be INVESTED ELSEWHERE as India INCs goes GLOBAL with merger, launching, diversification and EXPANSION!

This is the COMPLETE Picture of REFORMS , Mr Shourie does plead and the TOILET Media as well as so called ECONOMISTS folow suit.

The People and the Politicians never COMPREHEND the IMPACT and allow the IMMORAL IMPOSTERS to kill the Constitution and the Parliament.

Blind nationalism associated with Fascism and Imperialism never allows SOVEREIGNITY and FREEDOM to EMERGE as Genuine ISSUES as issues related to Indian masses dilute in Majoritarian Electoral system, COMMUNALISM and CLUBBING of Caste to USTAIN Manusmriti Apartheid RULE.

With China-based hacker groups increasing their attacks on computer networks across the globe, Army on Monday said its information systems were "secure" and could not be "tampered" with.

"We have put in place a very secure network and I can confidently say that it cannot be tampered with," Army's Signal Officer-in-Chief Lieutenant General P Mohapatra told reporters in New Delhi.

Talking about the security features of the armed forces' network, he said, "Its exclusive, there are various cryptographic controls that we have put in place and there are training activities to ensure that no loss of information takes place."

Indian Marxists have got CONVENIENT Position in Post Modern ANTI COMINTERN campaign!

The former Disinvestment Minister has nothing to do either with the STARVING DYING Aborigina Indigenous Minority people or the INDIAN ECONOMY in Crisis!

Shourie never refers to the OIL EONOMY or DEFENCE DEALS and strategic realliance. He sticks to REFORMS as DR AMARTYA SEN and the Gangster economists and policy makers as well as the TOILET media deals with.

Reforms means DELETION of state interference and all kinds of REGULATION.

It means FREE and SOVEREIGN Market and the killingfields for the ENSLAVED Majority Population.

It means Globalisation, Privatisation and Disinvestment.

It means Retail chain, Modified SEEDS and EXESSES inuse of fertilisers associated with unwanted and baned DRUGS, CHEMICALS, PESTICIDES, Chemical and Biological warfare and experiments!


It means the violation and manipulation of Labour laws, Coast Line SECURITY act, forest act, environment Act, land Acquisition act and INDIAN PENAL CODE as well as indian constitution!

It means DEINDUSTRIALISATION and destruction of Indigenous Production system and Livelihhod!

It means RIVERLINK plan and Diwali for Builders, promoters, Mncs and REALTY sector engaged in the so called development of BIG DAMS and projects and INFRASTRUCTURE!

It means large scale JOB LOSS, DELETION of Reservation and Quota, Unemployment, retrenchment, Hire and Fire, Privatisation of social services like HEALTH and EDUCATION, RLY and POST, BANKING and Insurance!

It means COMPLETE Manusmriti RULE!

It means Complete APARTHEID associated with MASSACRES and ETHNIC cleansing!


It means fascism sustained with BLIND nationalism!

It means IMMINENT RISKS of WAR and CIVIL WAR, Subvertion and TERROR STRIKES, SECURITY THREAT to National Unity and Integrity.

It means DECULTURALISATION, Murder of Motehr languages, Folk and Folklore, DEFACING nationalities and Identities!

On the other hand, our Marxist Friends created the DISINVESTMENT Ministry IMMUNE to Judicial Jurisdiction, Immune to criminal Investigation and Immune to Parliamentary procedure. The STRATEGIES and the List of the PSUs to be disinvested were finalised by the UPA Government during 1997 to 98 in accordance with Common Minimum progrramme!

Subhash Chakrabarti visited the Matua Mela BARUNI with all POLITICAL, PARTY and STATE SHOWCASE with adequate SECURITY and the Piolet convoy to irritate enough the Matuas no less than twenty lac on the day.

Anilda informed me that his visit was quite RELIGIOUS and he participated in the MATUA FESTIVAL and it has nothing to do with the LOKSABHA Polls.

I know well the RELIGION followed by the MARXISTS as well as the Rightists!

I complained that the state government has done nothing to support the Matua Movement which he considers Progressive and Revolutionary!

I told him about the cahos and mismanagement.

Anilda wished to visit once again and asked me to accompany.

I suggested that we should visit the place some time after the elections.

In the afternoon, the Minister recited his latest poem on Matua movement hoisting the RED FLAG of the matuas and beating the drum, the DANKA!

Then, he informed me that latest CD on his selected DALIT Poems has been released.

I congratulated the minister and asured him that I would collect one.

Then, he informed me that the famous Actor, the BELOVED of SATYAJIT RAY, SOUMITRA Chatterjee has recited the poems.

It is also nothing new as BRATATI Badopadhyaya and a host of Bengali icons have done the same thing before.

But I am surprised to note that CHATTERJEE has been always standing UNITED with BRAN BUDDHA and Marxist CAPITALIST ways defying the Resisting CIVIL SOCIETY. How may such a person VOICE Dalit liberation!

Then Anilda informed me that the POLLUTED Kamana Sagar has been surveyed by his officers and he will take care to PURIFY the water.

Anilda assured me to write a leter to the Chief Minister suggesting PROPOSALS of establishing a GIRLS` Highschool and making INDOOR as well as OUT DOOR AUDOtariums!

I am sure he will succeed!

Where do we stand?

"The seeds of slowdown in the country were sown since April 2008 while the global meltdown started since September," Shourie said at an interactive session organised by the Indian Chamber of Commerce.Soon India's sovereign ratings would become negative, Shourie said.

"This is because the UPA Government did not continue with the reform process," Shourie said.

He added there was no fiscal headroom which was needed for great stimulus package to boost the economy.

Asked what kind of stimuli was required for the economy, he said the companies and states should be rewarded for big infrastructure projects.

India on Monday expressed deep concern over the terrorist attack in Lahore, but refused to draw a parallel between the incident and the Mumbai attacks.

"We are deeply concerned. We condemn these terrorist attacks. We condemn all terrorist attacks," Home Minister P Chidambaram told reporters when asked to comment on terrorists storming a police training centre near Lahore.

He said New Delhi offers sympathy to the government and the people of Pakistan.

Asked whether he saw any parallel between the Lahore incident and the Mumbai attacks, he said there could be no parallel.

"But, the commonality is these are terrorist attacks. The difference is that in Mumbai the source of terrorist attack was Pakistani soil. In the case of (Lahore) attack we do not know who is behind it," he said.

Condemning the deadly attack, Minister of State for External Affairs Anand Sharma said the incident showed that the terror infrastructure in Pakistan was growing.

Pakistan will have to continue dismantling the terror infrastructure on its soil which is a threat to several countries, he said.

The DISINVESTMENT commissions as well as Prime Minister`s council for DISINVESTMENT recommended Immediate PAY HIKE for PSU official for executing the plan for DISINVESTMENT, Strategic sale, Joint venture with public sector and Lock out! The Policy is followed till this date even after the departure of NDA GOVERNMENT and the DISINVESTMENT MInister!

About four lakh officers of central public sector enterprises will benefit from a government decision giving them a further increase in salary and allowances, over and above the hikes announced last year.

The decision to improve the salary structure of officers at board level and below, along with supervisory staff, was taken at the Cabinet meeting presided over by Prime Minister Manmohan Singh.

The improved pay packages will also include increase in house rent allowance and retirement benefits.

The decisions are based on the recommendations of the committee of ministers headed by Home Minister P Chidambaram, which went into the revised salary and allowances notified earlier in November last year by the government.

PSU officers, particularly in the oil sector, forced the government to revisit their revised pay scales when they went on strike in January this year.

Briefing reporters after the Cabinet meeting, Chidambaram said the revision in the pay structure would vary from company to company.

Meanwhile,Equities fell 4.8 per cent on Monday in the their biggest one-day drop in almost three months as investors took profits after the market had rallied more than a fifth over three weeks. The close of the quarter and fiscal year on Tuesday also encouraged fund managers to book profits, while sentiment across Asia and Europe was soured by the US government's rejection of turnaround plans for GM and Chrysler.

Financial stocks, which had powered the surge in the past week, led the fall with HDFC Bank, State Bank of India and ICICI Bank sliding 5 to 12 per cent.

Energy giant Reliance Industries, which has the biggest weight on the main index, dropped 2.1 per cent to 1,515.70 rupees after its market value jumped by almost a third over the past three weeks.

"The international scenario that was turning better is now called into question, so we can see some more unwinding," V.K. Sharma, head of research at Anagram Stock Broking, said.

The 30-share BSE index shed 4.78 per cent, or 480.35 points, to 9,568.14, its biggest drop since Jan. 7, when it fell 7.3 per cent on news of a fraud at Satyam Computer.

Twenty-eight of its components fell while in the broader market, losers led gainers in the ratio of more than 1.5:1 on light volume of 295 million shares.

"This correction has been very sharp. So we can expect this to be more than just a normal one," Sharma said.

Investors are wary as India's economy is slowing and there is uncertainty on the political front ahead of general elections in April and May, analysts said.

Policy advisers have said the Indian economy will fare significantly worse in 2009 than in the previous year, and more doses of fiscal and monetary policy may be needed to boost demand and lift growth.

The initial euphoria about the global economy being on the mend is also subsiding, traders said.

Shares are expected to trade within a broad range over the next few weeks, before the quarterly earnings season kicks off in mid-April.

Private-sector lender ICICI Bank fell 12.3 per cent to 337.95 rupees, its worst drop in more than five months.

Rival HDFC Bank slid 5.2 per cent to 945 rupees, while government-run State Bank of India dropped 9.2 per cent to 1,022 rupees.

The banking sector index, which had risen 19.1 per cent last week in its best performance since at least June 2003, dropped 8.6 per cent.

Top mortgage lender Housing Development Finance Corp shed 8.7 per cent to 1,450.55 rupees.

The 50-share NSE index fell 4.2 per cent to 2,978.15.

Asian shares slumped after a US task force took a hard line on aid for automakers General Motors and Chrysler, threatening bankruptcy for both. The news also pulled S&P stock futures and European shares lower.

Indian employers account for just 11.9 per cent of the total H-1B visas issued in 2008 and their share has been declining over the

years, a US think-tank has said days after new curbs were announced on such visas.

H-1B visas are temporary visas that allow foreign nationals to work in the United States on short-term projects or as a prelude to a green card, which entitles resident status to a foreigner.

"Though there is a prevalent assertion that Indian employers use up 'most' or '80 per cent' of the annual quota (of H-1Bs), USCIS data reveal that such companies utilised only 11.9 per cent of the 2008 new H-1B petitions issued," the National Foundation for American Policy said in a report.

An analysis of H1-B visa data provided by the US Citizenship and Immigration Services (USCIS) shows that the use of H-1Bs by Indian companies declined by 27 per cent from 2006 to 2008, the report added.

"The 12,180 new H-1B visa holders hired by Indian companies in 2008 represented 0.0083 percent of the US labour force, less than 1/100th of 1 per cent, a small proportion by any reasonable definition," NFAP added.

The report further added liberalising H-1B and green card quotas would help American companies innovate and create more jobs in the United States. It is the current restrictions that are inflicting real harm on the country and new restrictions will only increase the damage.

Indian firms have been conspicuous among top 10 users of H-1Bs, but they represent only a fraction of total H-1B use.

"Identifying 26 India-based firms and even including Cognizant, an American company with many employees in India, one finds Indian companies utilised 11.9 per cent, or 12,810 of the 107,686 new H-1B petitions issued in FY 2008," the National Foundation for American Policy said.

Though there are arguments that H-1B professionals overwhelm the American workforce, these reports are not supported by logic or the facts. The number of new H-1B visa holders in the United States accounted for 0.07 per cent of the US labour force in 2008.

Besides, almost all firms that utilise H-1B visa have US workers accounting for 85 per cent to 99 per cent of their workforce. Any business with more than 15 per cent of their workforce on H-1B visas is considered 'H-1B dependent' under the law and must adhere to a stricter set of labour rules.

Earlier this month, the USCIS had announced changes in the application form related to H-1B visa, in view of the restrictions imposed in the American Recovery and Reinvestment Act, which prohibits hiring of people with H-1B visas by companies receiving federal aid money.

The current annual level of H-1Bs is about the same level as in 1990, even though the US GDP has risen 64 per cent (from USD 8.5 trillion to USD 14 trillion) over the past 19 years, while the demand for skilled labour has also risen
MARXIST STRATEGY against PROLETARIAT and final cataclysmic ...
Why should we have an Identity Card after sixty years, asks Marxist Dalit Minister Anil Sarkar Palash Biswas. Contact: Palash C Biswas, C/O Mrs Arati Roy, . ... - 151k - Cached - Similar pages -
Not War, Philosophy of Love agaist Terrorism | Palash ...
Meanwhile, I got an opportunity to meet the Marxist Minister and Poet Anil Sarkar, one of the architect of CPIM`s Dalit agenda passed in Hyderabad congress ... - 72k - Cached - Similar pages -
Marxist Minister played cultural Trump card in Tripura: Humsurfer
... the social ladder,â said Bhajan Lal Das, a senior CPM leader and close ally of Anil Sarkar. ... Marxist Minister played cultural Trump card in Tripura ... - 19k - Cached - Similar pages -
Manik Sarkar swears in as Tripura Chief Minister
Agartala, March 10: Communist Party of India-Marxist (CPI-M) leader Manik Sarkar on Monday took oath as the Tripura Chief Minister for the ... - 53k - Cached - Similar pages -
Manik Sarkar swears in as Tripura Chief Minister | Top News
Party of India-Marxist (CPI-M) leader Manik Sarkar on Monday took oath ... Sarkar, the others who took oath are Anil Sarkar, Badal Chowdhury, ... - 40k - Cached - Similar pages -
Marxist Minister played cultural Trump card in Tripura Sarkar, ... Bengal has no Anil Sarkar but Ruling Marxist Brahminical Hegemony is all set to repeat a ... - 36k - Cached - Similar pages -
Dalit Conference Vows To Work For Formation Of 6th Left Front Govt
(Weekly Organ of the Communist Party of India (Marxist) ... comprising CPI(M) state secretariat member and minister Anil Sarkar, Jiten Sarkar, ... Referring to an NDA meeting convened by the prime minister, Manik Sarkar informed that ... - 11k - Cached - Similar pages -
खोज परिणाम
Marxist Minister played cultural Trump card in ... I have written on Anil sarkar`s philosophy of Love against insurgency in North east which is strikingly ... - 81k - Cached - Similar pages -
nandigramunited: CPIM Disowns Mayawati Tag, Turnaround Once Again
Only on 25th July, late after midnight I was talking face to face the Marxist Minister in Tripura. The Poet politician, Anil Sarkar claimed that it was a ... - 238k - Cached - Similar pages -
Manik Sarkar swears in as Tripura Chief Minister (Lead-Manik ...
Agartala, March 10: Communist Party of India-Marxist (CPI-M) leader Manik Sarkar on Monday took oath as the Tripura Chief Minister for the fourth ... - 28k - Cached - Similar pages -
You have removed results from this search. Hide them

1 2 3 4 5 6 7 8 9 10 Next

Subhash Chakraborty
Kolkata, Oct 31 - West Bengal Transport Minister and senior Communist Party of India-Marxist - leader Subhash Chakraborty Friday criticised opposition ... - 31k - Cached - Similar pages -
खोज परिणाम
Rather, the Marxist Minister, who had been instrumental to set up CPIM`s political ... Not only this, but the Rebel in WB Ministery, Subhash Chakrabarti who ... - 81k - Cached - Similar pages -
nandigramunited: MARXIST STRATEGY against PROLETARIAT and final ...
Later Basu became the first MARXIST CHIEF MINISTER in WEST BENGAL and ... refuged to join CPIM as offered by Marxist leaders including SUBHASH CHAKRABARTY. ... - 287k - Cached - Similar pages -
People not interested in Mamata’s agitation: minister
Kolkata, Oct 31 (IANS) West Bengal Transport Minister and senior Communist Party of India-Marxist (CPI-M) leader Subhash Chakraborty Friday ... - 49k - Cached - Similar pages -
Seeking Sania's autograph: news
State Transport Minister Subhash Chakraborty went on record saying he 'ideologically ... Chakraborty is an old Communist party of India- Marxist hand, ... - 27k - Cached - Similar pages -
Express logo Google Expressindia Financial Express Indian Express ...
Kolkata, September 20: Chief minister Buddhadeb Bhattacharjee today chose ... seen as a veiled criticism of the state transport minister Subhash Chakraborty. ... minister had stated he was first a Hindu, a Brahmin and then a Marxist. ... - 42k - Cached - Similar pages -
CPIM CANDIDATE ASHIM BALA visited BAROMA with SUBHASH CHAKRABARTI. Our frined and guide, the poet and MARXIST Minister from TRIPURA who won SATSANG to ... - 208k - Cached - Similar pages -
PrintClose West Bengal: Why Buddha is not smiling Satarupa ...
The so-called new-age Marxist has converted some in his state but Left leaders ... the state,” says state Sports and Transport Minister Subhash Chakraborty. ... - 19k - Cached - Similar pages -
The Hindu : National : Minister explains reason for temple visit
Kolkata: The State Secretariat of the Communist Party of India (Marxist) sought an explanation from senior party leader Subash Chakrabarty on his visit to ... - 19k - Cached - Similar pages -
Capitalist Marxist Ways of Full Circle Anarchy and Annihilation ...
Indian subcontinent generally and specially Marxist ruled State of ... in kolkata while Left Front Vetern Minister Subhash Chakrabarti allegedly stood for a ... - 106k - Cached - Similar pages -
Tip: These results include the word "chakraborty". Show results that include only "chakrabarti".
You have removed results from this search. Hide them

1 2 3 4 5 6 7 8 9 10 Next

Disinvestment - Wikipedia, the free encyclopedia
14 Jan 2009 ... Disinvestment, sometimes referred to as divestment, refers to the use of a concerted economic boycott, with specific emphasis on liquidating ... - 39k - Cached - Similar pages -
Department of Disinvestment Welcomes You
28 Nov 2008 ... The Department of Disinvestment was set up as a separate department on 10thDecember,1999 and was later renamed as Ministry of Disinvestment ... - 9k - Cached - Similar pages -
Department of Disinvestment- Policy
In conformity with the policy enunciated in NCMP, it was decided in February 2005 to formally call off the process of disinvestment through Strategic Sale ... - 64k - Cached - Similar pages -
More results from »
Disinvestment of India
Disinvestment involves the sale of equity and bond capital invested by the government in PSUs. It also implies the sale of government’s loan capital in PSUs ... - 14k - Cached - Similar pages -
File Format: PDF/Adobe Acrobat
7.63 The disinvestment process, which began in 1991-92 with the sale of minority ... Source : Department of Disinvestment, Ministry of Finance ... - Similar pages -
Disinvestment - Definition of Disinvestment on Investopedia - 1. The action of an organization or government selling or liquidating an asset or subsidiary. - 26k - Cached - Similar pages -
Department of Disinvestment- Manual
To draw a comprehensive overall long term disinvestment programme within 5-10 years for the PSUs referred to it by the Core Group. ... - 17k - Cached - Similar pages -
BHEL Disinvestment
Govt to go ahead with BHEL disinvestment — Invites bids from investment bankers ... Left to meet Sonia to end impasse on BHEL disinvestment ... - 16k - Cached - Similar pages -
The disinvestment debate
21 May 2004 ... AFTER a great deal of initial excitement and reservations, disinvestment of public sector enterprises has become an ongoing process in the ... - 19k - Cached - Similar pages -
Disinvestment - Finance - Sectors: National Portal of India
The disinvestment of Government equity in Central Public Sector Enterprises (CPSEs) began in 1991-1992. Till 1999-2000, it was primarily through sale of ... - 19k - Cached - Similar pages -
You have removed results from this search. Hide them

1 2 3 4 5 6 7 8 9 10 Next

BBC News
Taliban suspected over Lahore siege - ‎33 minutes ago‎
Fighters loyal to the Pakistani Taliban are suspected of carrying out an attack on a police academy on the outskirts of Lahore, Pakistani official have said.
Gunmen made stand in Pakistan barracks' top floor Reuters
Gunmen attack police academy in Lahore, kill 8 Reuters India
Xinhua - Press Trust of India - - BBC News
all 1,871 news articles »
NSA on Varun 'wrong': Mulayam
Times of India - ‎28 minutes ago‎
30 Mar 2009, 2019 hrs IST, PTI LUCKNOW: Terming the invoking of the NSA against Varun Gandhi as "wrong", Samajwadi Party chief Mulayam Singh Yadav on Monday alleged that the stringent Act has been used to settle political scores.
Advani against UPA for booking Varun under NSA Economic Times
Advani, Rajnath to campaign for Varun in Pilibhit Press Trust of India
Hindu - MorungExpress - Indopia - SamayLive
all 1,235 news articles »

Boston Globe
China denies spying allegations
BBC News - ‎2 hours ago‎
China has denied involvement in the electronic spy network which researchers say infiltrated computers in government offices around the world.
Chinese hackers ‘using ghost network to control embassy computers’ Times Online
Tibetan exiles condemn hacking of computers The Associated Press
Xinhua - AFP - New York Times - Times of India
all 1,262 news articles »

Biz Briefs
The Statesman - ‎21 hours ago‎
... 26 per cent stake in Phoenix Yule ~ its joint venture with the public sector heavy engineering firm as a part of the latter's disinvestment process. ...

BBC News
Left Parties beg for votes - ‎Mar 25, 2009‎
The Left Parties worked in this period to protect the public sector from moves like disinvestment of shares in the ‘navaratna’ companies like BHEL. ...
CPI-M manifesto for 15th Lok Sabha elections
all 110 news articles »
Tough side of accidental PM - ‎Mar 26, 2009‎
To keep the Left allies happy, his government had to roll back decisions on disinvestment, which had seen a boost in during the rule of the National ...
Congress manifesto silent about economic reforms
Economic Times - ‎Mar 24, 2009‎
Perhaps, in deference to possible post-election tie-ups, Congress manifesto opts to tread the middle path-disinvestment without privatisation. ...

Chandigarh Tribune
Neo-liberal policies will go: CPI(M)
Hindu - ‎Mar 16, 2009‎
Other economic proposals include a total halt to disinvestment and privatisation of profit-making public sector undertakings, protecting the domestic ...
CPM vows to rework on 123 Chandigarh Tribune
all 204 news articles »
Buddha's manifesto - ‎Mar 28, 2009‎
It does not mention disinvestment explicitly. The public would be allowed to hold shares in public sector enterprises, but the government would retrain ...
PE fund Lumis Partners acquires stake in BNK eSolutions
Economic Times - ‎Mar 26, 2009‎
"With this strategic disinvestment, we intend to further accelerate growth. We are already operating in healthcare, education, IT training and supply chain ...
Stay up to date on these results:
Create an email alert for disinvestment in India
Add a custom section for disinvestment in India to Google News
Add a news gadget for disinvestment in India to your Google homepage

1 2 3 4 Next

Arun Shourie
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This biography of a living person needs additional citations for verification. Please help improve this article by adding reliable references (ideally, using inline citations). Unsourced or poorly sourced contentious material must be removed immediately, especially if potentially libelous or harmful. (January 2008)
Arun Shourie
Born February 11, 1941 (1941-02-11) (age 68)
Jalandhar, India

Occupation Columnist, Journalist
Spouse(s) Anita

Arun Shourie ( अरूण शौरी )(born November 2, 1941) is a prominent Indian journalist, author, and politician.

He has been an economist with the World Bank, a consultant to the Planning Commission, India and editor of the Indian Express (a leading Indian newspaper).

1 Early life and background
2 Career
3 Personal life
4 Publications
5 Bibliography
6 References
7 External links

[edit] Early life and background
Arun Shourie was born to consumer rights activist, H. D. Shourie. His sister is, journalist, Nalini Singh.

He studied at Modern School, Barakhamba and St. Stephen's in Delhi. He obtained his doctorate in Economics from Syracuse University in the United States.

[edit] Career
In a series of exposés, many of which he wrote himself, Shourie and the Indian Express uncovered corruption in the highest echelons of the government and exposed several major scandals, including what has been dubbed “India’s Watergate.”

Shourie started a one-man crusade in 1981 against Abdul Rehman Antulay, the chief minister of Maharashtra State, who allegedly extorted millions of dollars from businesses dependent on state resources and put the money in a private trust named after Indira Gandhi. The story caused the eventual resignation of the chief minister , the highest-ranking official in India ever forced from office by newspaper reporting, and great embarrassment to Gandhi and her ruling Congress Party.

Shourie's exposés resulted in a prolonged labour dispute at the Bombay offices of the Indian Express, where a labour organizer with ties to Antulay encouraged workers to strike for a minimum wage double than what was paid at any other newspaper in India. It also resulted in a government crackdown that included a host of legal cases launched against the Indian Express by various agencies. In 1982, the paper's owner Ramnath Goenka fired Shourie as a result of continued government pressure.

Between 1982 and 1986, Shourie wrote for various newspapers and magazines, at the same time as being General Secretary of the People's Union for Civil Liberties. He was appointed executive editor of the Times of India in 1986 but was lured back to the Indian Express by Goenka in 1987. Shourie launched an attack on then prime minister Rajiv Gandhi over the Bofors howitzer gun purchase scandal. This contributed to Gandhi's defeat in the subsequent parliamentary elections.

Among the many battles Shourie fought for press freedom, perhaps the most famous was his crusade against the government’s proposal in 1988 to introduce a defamation bill. It was widely perceived that the bill had been introduced with unusual speed in Parliament in an attempt to muzzle the Indian Express, and the entire media community joined Shourie and the Indian Express in condemning the move.

At one stage, there were 300 cases filed by the government against the Indian Express, and credit supply from banks was cut off. Shourie, however, continued his battle against government corruption until 1990, when differences on editorial policy forced him to resign from the Indian Express. The differences involved Shourie's opposition to the implementation of the Mandal Commission Report, that sought reservations in government jobs for Other Backward Classes (OBC), which were initiated by then Prime Minister V.P. Singh's government. After that, he devoted his energy to writing books and regular columns, which appeared in different languages in 30 newspapers across India.

Shourie is a member of the Bharatiya Janata Party (BJP). He has been a member of the Rajya Sabha and also held the office of the Minister of Disinvestment, Communication and Information Technology in the Government of India under Atal Bihari Vajpayee's prime ministership. As Disinvestment Minister, he led the sale of Maruti, VSNL, Hindustan Zinc among others. His position as Minister was a controversial one, but he and his secretary Pradip Baijal are much respected for kick-starting what people believe was a best-in-class process. In a poll of India’s top 100 CEOs in February 2004 he was ranked the most outstanding minister of Mr.Vajpayee’s government.

In the year 2000, Shourie pledged the entire amount (Rs. 11.90 crore) of discretionary spending available to him under Members of Parliament Local Area Development Scheme (MPLADS) to setting up of Bio-Sciences & Bio-engineering Department at the Indian Institute of Technology Kanpur. In 2005, he displayed his commitment to the cause by again pledging Rs. 11 crore for developing a separate and well-equipped building for Environmental Sciences and Environmental Engineering at the institute.

[edit] Personal life
Shourie is married to Anita. They have a son who is physically challenged.

[edit] Publications
His writings have gained him a considerable following around the country, as well as several national and international honours. Among these are the Padma Bhushan, the Magsaysay Award, the Dadabhai Naoroji Award, the Astor Award, the K.S. Hegde Award and the International Editor of the Year Award and The Freedom to Publish Award.[citation needed]

In his book Worshipping False Gods, Shourie criticized B.R. Ambedkar, the leader of Dalits for alleged complicity with the British and lust for power and wealth.
In A Secular Agenda (1997, ISBN 81-900199-3-7), Shourie discusses various problems faced by India due to minority appeasement and pseudo-secularism practiced by the Indian politicians.[1] The book starts with a discourse on the definition of a nation. He cites examples of other nations in Europe to counter the arguments of people who do not consider India as one nation due to its different lanuguages and religions. He argues for a Common Civil Code in the book[1] and the abolition of Article 370 of the Indian Constitution. He also discusses the problem related to infiltration from Bangladesh and the inability of the Indian government to solve it.
Eminent Historians: Their Technology, Their Line, Their Fraud (1998, ISBN 81-900199-8-8) discusses the NCERT controversy in Indian politics and attacks Marxist historiography. Arun Shourie asserts that Marxist historians have controlled and misused important institutions like the Indian Council of Historical Research (ICHR), the National Council of Educational Research Training (NCERT) and a large part of academia and the media. He criticizes well-known historians like Romila Thapar and Irfan Habib. Shourie argues that Marxist historians have white-washed the records of rulers like Mahmud of Ghazni and Aurangzeb. Shourie presents examples to further his argument of how many of these text books describe in great detail foreign personalities like Karl Marx or Stalin, while they often barely mention important figures of India or of the Indian states. Shourie writes that this is in contrast to Russian Marxist text books. The standard Soviet work "A History of India" (1973) is according to Shourie much more objective and truthful than the history books written by the Indian Marxists. The Arts and Humanities Citation Index contains only one citation, in which it is cited as an example of "reactionary orientalists' reaction against a perceived attack on Indian spiritual values". [2]

[edit] Bibliography
Are We Deceiving Ourselves Again [1]
Where Will All This Take Us [2]
The Parliamentary System
Courts and their Judgements: Premises, Prerequisites, Consequences
Eminent Historians: Their Technology, Their Line, Their Fraud
Falling Over Backwards: An essay against Reservations and against Judicial populism
Governance and the sclerosis that has set in [3]
Harvesting Our Souls
Hinduism: Essence and Consequence
Indian Controversies
Individuals, Institutions, Processes : How One may Strengthen the Other in India Today
Institutions in the Janata Phase
Missionaries in India [4]
Mrs Gandhi's Second Reign
Only Fatherland : Communists, 'Quit India,' and the Soviet Union
Religion in Politics
A Secular Agenda
Symptoms of Fascism
These Lethal, Inexorable Laws: Rajiv, His Men and His Regime
The State As Charade: V.P. Singh, Chandra Shekhar and the Rest
Will the Iron Fence Save a Tree Hollowed by Termites?
Worshiping False Gods [5] [6]
The World of Fatwas [7]

with Sita Ram Goel, Harsh Narain, Jay Dubashi and Ram Swarup, Hindu Temples - What Happened to Them Vol. I, (A Preliminary Survey) (1990, ISBN 81-85990-49-2)
with Sita Ram Goel, Koenraad Elst, Ram Swarup, Freedom of expression - Secular Theocracy Versus Liberal Democracy, Voice of India (1998).

[edit] References
^ a b "A Secular Agenda". Retrieved on 2006-09-27.
^ "Shades of orientalism: Paradoxes and problems in Indian historiography", Heehs P, History and Theory 42 (2): 169-195, May 2003

[edit] External links
Wikiquote has a collection of quotations related to: Arun Shourie

The Arun Shourie site
A short collection of Shourie excerpts
Interview with Karan Thapar for CNN IBN on the issue of the nuclear deal
Interview with Karan Thapar for CNN IBN on the issue of reservations
Citation for 1982 Ramon Magsaysay Award for Journalism
Interview with Shourie
Interview at
Myths about Vivekananda
Audio of Arun Shourie on Mrs. Pratibha Patil, prior to the Indian Presidential elections where Mrs. Patil was a candidate, 13 July 2007
Audio of Arun Shourie on Mumbai terrorist attacks, 1 December 2008
Detailed biography on the BJP Site
[hide] v • d • eHindu reform movements

Ayyavazhi · Arya Samaj · Brahmo Samaj · Divine Life Society · Gandhism · Hindutva · ISKCON · Ramakrishna Mission · Sri Aurobindo Ashram · Swadhyay Parivar ·

Topics Bhakti · Caste · Persecution of Hindus · Shuddhi · Women in Hinduism

Reformers Sri Aurobindo · Ananda Coomaraswamy · Sita Ram Goel · M.S. Golwalkar · Mahatma Gandhi · Harsh Narain · The Mother · Srila Prabhupada · Raja Ram Mohun Roy · Pandurang Shastri Athavale · Ramakrishna · Dayananda Saraswati · Satsvarupa dasa Goswami · V.D. Savarkar · Swami Sivananda · Arun Shourie · Ram Swarup · B.G. Tilak · Swami Vivekananda · Yogananda · Swami Vipulananda · Arumuga Navalar · more

Retrieved from ""
Categories: 1941 births | Living people | Punjabi politicians | Bharatiya Janata Party politicians | Indian journalists | Indian writers | Alumni of St. Stephen's College, Delhi | Investigative journalists | Padma Bhushan recipients | Indian anti-communists | World Bank | People from Jalandhar | Rajya Sabha Members
Hidden categories: BLP articles lacking sources | Articles lacking reliable references from January 2008 | All articles with unsourced statements | Articles with unsourced statements since July 2008

You are footing arms deal bribes
Daily News & Analysis - ‎Mar 27, 2009‎
A controversial Israeli arms agent has been playing a crucial role in swinging several defence deals in India. David Kolitz, his partner Israel Yaniv, ...
Probe the deal
Daily News & Analysis - ‎Mar 29, 2009‎
It is this misplaced sense of secrecy with regard to defence deals that makes things murky. There are quite a few unanswered questions with the IAI deal ...

Seeking scandals – on the sly
domain-B - ‎Mar 28, 2009‎
Reports casting doubts over the validity of defence deals struck in the near past by the UPA government may only be the first shots fired in the gradually ...

ABC News
Pakistan army and ISI in CIA’s firing line - ‎6 hours ago‎
Why not Afghanistan, Iraq, Somalia, Sudan or for that matter India which has become the hub-centre of extremism and terrorism been added to the list of most ...
Militants give bloody show of strength Asia Times Online
Will Obama’s new Plan work in Afghan -Pak? Asian Tribune
Another balloon of gloom floated by Kilcullen Asian Tribune
all 7,393 news articles »
:. Terrorism in Lahore: Focus on Indian Involvement-X
Kashmir Watch - ‎Mar 29, 2009‎
On arms deals, India has problems with Sri Lanka. India wants to decide every thing for its neighbors. India had rebuked Sri Lanka for expressing a desire ...
US Delays Engines to India (subscription) - ‎Mar 29, 2009‎
The delay raised resentment in India, where defense and military officials were already chafing at the strings that come attached to many US arms. ...
History reveres the sharif badmash who gets results
Times of India - ‎Mar 28, 2009‎
Yet, critics have accused both Lincoln and Singh of being hypocrites who advertised their personal honesty but agreed to dirty deals to promote their ...

India scraps attack helicopter tender: official
AFP - ‎Mar 24, 2009‎
India has emerged as the biggest buyer of military products with plans to spend up to 30 billion dollars on defence purchases by 2012. ...
Only an alternative government can reverse slowdown: Yechury
Hindu - ‎Mar 28, 2009‎
The strategic relations with the US were fraught with danger as they transcended the nuclear deal, encompassing defence deals and logistics support for any ...
Stay up to date on these results:
Create an email alert for Defence deals in India
Add a custom section for Defence deals in India to Google News
Add a news gadget for Defence deals in India to your Google homepage

1 2 3 4 5 6 7 8 9 10 Next

Indian Navy Chief Visiting Myanmar; Defense Deals Top Agenda
Indian Navy Chief Visiting Myanmar; Defense Deals Top Agenda. Daily News & Updates · India Defence ... You Deserve Better: Upgrade to India Defence Premium ... - 16k - Cached - Similar pages -
Lockheed Martin Eyes Defense Deals Worth USD 15 billion with India ...
American Defense and Aviation Giant Lockheed Martin Corp (LMT.N) is aiming for deals with India worth $15 billion in the next five years. ... - 16k - Cached - Similar pages -
More results from »
Defenceindia : Israel Military Industries inks major defence deals ...
Israel Military Industries inks major defence deals with India ... Israel Military Industries (IMI) has signed a deal with India for joint manufacture of ... - 21k - Cached - Similar pages -
Boeing eyes jump in India defence deals - Home -
Boeing eyes jump in India defence deals, The US aircraft manufacturer is looking to bid for defence projects worth up to $31 billion over the next 10 years ... - 63k - Cached - Similar pages -
Sarkozy seeks nuclear, defence deals during India visit
Paris (AFP) Jan 18, 2008 - President Nicolas Sarkozy's state visit to India next week will focus on civilian nuclear cooperation, defence contracts and ... - 24k - Cached - Similar pages -
13 Kargil defence deals 'clean' - India - The Times of India
13 Kargil defence deals 'clean' ... Get the replica of your favourite edition of Times of India Feel at home.. View ePaper. Advertisement. Shop ... - 43k - Cached - Similar pages -
US eyeing $30 bn defence deals in India
Building upon the landmark civil nuclear cooperation deal, the US is now eyeing defence deals worth $30 billion with India over the next five years and is ... - 27k - Cached - Similar pages -
The defence deals
The defence deals. JOHN CHERIAN in Moscow. A HIGHLIGHT of Putin's visit was the signing of the four crucial defence agreements between India and Russia. ... - Similar pages -
India, Russia to fast-track defence deals
New Delhi, Dec 3 (IANS) Ahead of Russian President Dmitry Medvedev's visit here later this month, a high-level panel Wednesday prepared the ... - 49k - Cached - Similar pages -
UAE boosts defence with Dirham one billion upgrade deals ...
India Travel · Dance Forms of India · Festivals of India ... Dubai, Mar 23 : In one of the biggest defence deals in recent times, UAE has concluded a Dirham ... - 75k - Cached - Similar pages -
You have removed results from this search. Hide them

1 2 3 4 5 6 7 8 9 10 Next

Financial discipline shd be next govt's priority: Shourie
24 Mar 2009, 0414 hrs IST, TNN

CHENNAI: Restoring financial discipline and reforming and liberalising higher technical education and defence production ought to be key elements of

the economic agenda of the next government at the Centre, former Union minister and BJP Rajya Sabha MP Arun Shourie said on Monday.

Addressing a meeting organised by the Madras Chamber of Commerce and Industry and the Palkhivala foundation, Shourie flayed the UPA regime for financial mismanagement and slowing down key reforms. He listed restoration of financial discipline, infusing competitiveness among the higher technical manpower, liberalising defence production and upgrading technological capability as the main priorities that the next regime should focus on.

"The government has already squandered money on populist schemes and is left with no durable assets for providing any stimulus through infrastructure development," he said, elaborating on his charge that the Manmohan Singh government was guilty of financial indiscipline.

Instead of squandering funds in this way,, there should be awards to states for executing major projects on time, Shourie suggested.

Shourie also suggested giving a fillip to the use of environment-friendly energy by taking up the cause as a national mission. Solar energy, fast breeder reactor technology and clean coal were areas where the country should concentrate its scientific and technical manpower, he said.

He also spoke of a dream project' to abolish personal income tax and replace it with the concept of green taxation'. "Taxes should be fixed on products and processes based on their impact on the country's ecology. We can be a pioneer in green taxation and lower personal and corporate tax," Shourie said.

US stocks fall after GM, Chrysler plans are rejected
30 Mar 2009, 2128 hrs IST, AP

NEW YORK: Wall Street pulled back sharply on Monday from a three-week rally after the White House rejected turnaround plans from General Motors
Corp and Chrysler.

All the major indexes fell more than 2.5 percent, including the Dow Jones industrial average, which lost more than 225 points.

Fears of an automaker bankruptcy have been looming over investors for months, and the latest developments made the market even more uneasy about the industry. GM is getting 60 days worth of financing to restructure, while Chrysler is getting up to $6 billion and 30 days to complete a deal with Italian automaker Fiat. The Obama administration also replaced GM's CEO Rick Wagoner with the company's chief operating officer, Fritz Henderson.

``People knew there was going to be some astringent decisions made about the auto companies,'' said Dana Johnson, chief economist at Comerica Inc. ``But this was a little bit more aggressive government response than people were expecting.''

President Barack Obama is scheduled to make an official announcement at the White House at 11 a.m. Eastern time (1500 GMT).

Investors were also taking money out of the market ahead of economic numbers this week and first-quarter earnings in the weeks ahead, fearing that disappointing data would set the market back. Before Friday, the Dow had surged 21 percent over just 13 days in part because of economic and corporate reports that were starting to look more encouraging. But with the economy still deeply troubled, some analysts say the market may have gotten a bit ahead of itself.

In early morning trading, the Dow fell 226.76, or 2.9 percent, to 7,549.42. The Standard & Poor's 500 index fell 24.86, or 3.1 percent, to 791.08, while the Nasdaq composite index fell 49.24, or 3.2 percent, to 1,495.96.

No major economic reports are scheduled for Monday, but data on employment, manufacturing, and the service sector are due later this week. Friday's March employment report is expected to show that U.S. employers shed more than 650,000 for the fourth straight month.

Investors will also be focusing on Thursday's meeting in London of G-20 leaders of industrialized and developing countries. The group is expected to increase financial regulation, but investors' hopes for a coordinated fiscal boost are waning. The Financial Times, citing a draft of the meeting's communique, reported that there are no specific plans for a fiscal stimulus package.

And bank worries continue to dog the market. Over the weekend, Spain was forced to bail out a bank for the first time since the financial crisis began. The Bank of Spain took control of a small savings bank and provided $12 billion in government funds to support it.

Bond prices were mostly higher. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.70 percent from 2.76 percent late Friday. The yield on the three-month T-bill, considered one of the safest investments, rose to 0.13 percent from 0.12 percent.

Hotel tariffs fall 12% in Q4 of 2008

30 Mar 2009, 0032 hrs IST, Nidhi Mukundan
Room rates or tariffs have fallen by 12% globally in the fourth quarter in 2008 compared with the same period last year, according to a report.
General Motors' CEO to step down: Reports

30 Mar 2009, 0333 hrs IST
GM CEO Rick Wagoner will be resigning at President Barack Obama's behest, US media reported Sunday just hours before Obama was to unveil an auto industry rescue package.
MFIs offer home loans

30 Mar 2009, 0043 hrs IST, Aparna Ramalingam
With the lending rates falling, it's not just the urban home buyers who are benefiting. MFIs are now rolling out home loan products to the poor in rural India
All Business headlines >>
India Business
Rupee plunges 60 paise to end at 51.18/19 against dollar

30 Mar 2009, 1938 hrs IST
The Indian rupee plunged by 60 paise to end below 51 to the greenback after a gap of six trading days, at 51.18/19, following a sharp decline in equity markets amid month-end dollar demand.
More Stories
'50,000 engineering jobs likely to be lost due to recession'
Gold surges as equities tumble
Oriental Bank of Commerce likely to cut deposit rates
Sensex down 480 points; metals, banks plunge
Air India launches flights to NY, Chicago via Frankfurt
International Business
Oil tumbles below $49 on gloomy economic outlook

30 Mar 2009, 2312 hrs IST
Oil prices tumbled below $49 a barrel on Monday as unease about the economy - from Asia to America - raised doubts about the global appetite for energy.
More Stories
US stocks fall after GM, Chrysler plans are rejected
GM names Fritz Henderson as new CEO
Oil prices slide in Asian trade, above $51
Japan factory output dives 9.4% in February
General Motors' CEO to step down: Reports

More >>
More >>

Funds in distressed assets?
PEs, funds that bailed out distressed cos are now facing redemption pressures.

Work smart to beat slowdown blues!

How to get out of debt in times of crisis

Rs.ToUS Dollar CAN Dollar Chinese Yuan Euro HK Dollar Indonesian Rupiah Japanese Yen Korean Won Kuwaiti Dinar Malaysian Ringgit Russian Rouble Sing Dollar Swiss Franc UAE Dirham UK Pound
Powered by The Economic Times


Video of Lahore attack

Salman in another role!

Terrorist captured alive

More Videos >>

General Election 2009
Varun Gandhi booked under the National Security Act.
Nano - The people's car | Unrest in Pakistan

My Times, My Voice
How can traffic woes be reduced once Nano is launched?
Does a degree from a known institute help in tiding over tough times?
More >>

Live coverage: Pak Police Academy attack
Watch live coverage from Pak media. Dhoni to work with Asin
After Bipasha, it is southern hottie's turn now.
Top Search: 'Go back Buchanan!'
More >>


More Indices|Mkt. Statistics|Closing Bell

Forex Converter
Rs.ToUS Dollar CAN Dollar Chinese Yuan Euro HK Dollar Indonesian Rupiah Japanese Yen Korean Won Kuwaiti Dinar Malaysian Ringgit Russian Rouble Sing Dollar Swiss Franc UAE Dirham UK Pound

My Watchlist
My Portfolio

Listed below are top 10 NSE Gainers. Create your watchlist if you don't have one. Sign in if you have one.
Scrip CMP(Rs.) Chg%
Hitech Plast 33.9 + 16.9
CenturyExtru 3.4 + 15.5
HT Media 62.5 + 14.6
OptoCircuits 95.6 + 13.5
Tanla Solu 29.7 + 13.1
Rain Commodi 86.2 + 11.7
SIL Invest 46.9 + 11.7
GinniFilamnt 4.1 + 10.8
SKumars Nat 22.4 + 10.6
WS Inds 28.9 + 10.5

Stocks in News
RIL's shares dip 2 pc on BSE
RIL gas pact: Fertiliser stocks in demand
IT stocks lag Sensex over weak demand
More >>

NRI Solutions New
Money Transfers
Health Care

Check out the top 10 IT/ITes predictions for 2009.......
Day in Pics | More Pics | Photogallery
CEOtoons | Mar 29 in pics | IIM-A new complex

Videos More Videos >>

5 election controversies

IPL schedule unveiled

Inflation dips further

ET Cetera
'Harry Potter' in online piracy row
Slumdog kid gets TV ad with Nicole Kidman
Interview with Actor Kay Kay Menon
More >>

Stephen S Roach, Chairman, Morgan Stanley (Asia)

More >>

MBA abroad: Is it right time?
Work experience makes you more focused & helps you to make best of the classroom.
IIM-A hikes fees by Rs 1 lakh
Prolonged job crisis in offing in 9-10: ILO
Multi-tasking: Jack of all trades?
More >>

17 tigers dead in 11 weeks

Polar bears threatened
Birds endangered by energy

Count the stars for light pollution
US toxic pollution declined by 5%

More >>

ET Slide Shows
Know about stock arbitrage
Arbitrage is strategy to take advantage of price differential of product in mkts.
Book capital losses for better returns
Reasons to book your capital losses to ensure better returns for future.
US autos task force findings
'Plans submitted by GM & Chrysler failed to show how they could be viable.'
More >>

ET Headline
Global M&A deals down 42 pc to $482 bn

30 Mar 2009, 2214 hrs IST, PTI

Number of deals has also come down with only 6,693 deals registering so far this year. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I Sectoral Losers, Gainers

Sensex plunges 500 pts as global cues disappoint
RBI says growth above 8 pc sustainable
Gloomy IPO mkt wipes out 70 pc of merchant bankers' fee

Must Read1322 hrs IST
ET Poll Special: Recession? Political parties flush with funds
1455 hrs IST
Americans consume more than twice recommended salt intake
1441 hrs IST
GM, Peugeot CEOs forced out as auto woes deepen
1001 hrs IST
Investors show interests in gold funds
0938 hrs IST
US autos task force rejects GM, Chrysler plans
1407 hrs IST
Special: Migrants not responsible for US job losses
1415 hrs IST
Special: IIM-A hikes fees by Rs 1 lakh
1725 hrs IST
Special: 6,400 Satyam employees quit since September 2008
1245 hrs IST
Special: Extending Nano loan to cost you Rs 1,425 a year
1339 hrs IST
Dying jobs force migrant labourers out of Bangalore
1352 hrs IST
Sponsors tweak IPL deals with teams
1214 hrs IST
US autos task force findings
1200 hrs IST
Indian-American Amar Bose exits from Forbes billionaires list
2030 hrs IST
Cognizant, Pepsico among 50 best US cos: BusinessWeek
1830 hrs IST
2009 will be make or break year for Lakshmi Mittal
1045 hrs IST
Companies pay half of their profits as taxes
1720 hrs IST
Bullion dealers sell stocks to meet expenses
0633 hrs IST
DLF customers gang up, pressurise developer to commit refund
0134 hrs IST
Unemployed NRIs ignite rental scene in India
Indian cos bag 11.9 pc of total H-1B visas in 2008
30 Mar 2009, 2246 hrs IST, PTI

An analysis by the USCIS shows that the use of H-1Bs by Indian companies declined by 27 per cent from 2006 to 2008. Remittances made easy

'50,000 engineering jobs likely to be lost due to recession'
Chrysler agrees on framework of alliance with Fiat
30 Mar 2009, 2304 hrs IST, REUTERS

Chrysler has reached an agreement on a framework of a global alliance with Fiat that has the support of the US Treasury. Countries in recession | Ghosts of 1929

White House questions viability of GM, Chrysler

All headlines >>News on your MobileLog on to

Visa & Jobs Corner

Migrants not responsible for US job losses
US may be busy putting restrictions H-1B, but new visaholders each year represent just 7 in 10K civilian workers in the US.
Right time to pursue MBA abroad? | 'Job crisis to be severe'
Recession to change trends | Dying jobs force workers out
More >>

News by Industry
Luxury auto majors protest small car bias in excise sops
IndusInd Bank signs MoU with ICRA
Airtel most congested network: TRAI
BSNL challenges TRAI charges norm
Sectors: InfoTech| Telecom | Auto | Transport | Energy| Jobs | More >>
Personal Finance
LIC forays into credit cards business
Bajaj Allianz to insure Volkswagen
SBI MF aims to collect Rs 150-200 cr
Makeover helps FMPs recover
Insurance cos to cover exclusions
More >>

Markets News
Wall St sinks on automaker, banks
Bonds trade weak after borrowing plan
Re ends at Rs 51.18/19 against dollar
Nifty futures premium trims
Asian shares slump on US auto fears
Oil prices slide under 50 dollars
'Another rate cut from RBI imminent'
Govt to infuse Rs 5.5 bn in UBI
Slow loan growth may continue: Citi
Banks to help defaulting cos

More >>
More >>

Google's China download service
Fujitsu aims to double server sales
Skype coming to iPhone, BlackBerry
Medicos to assist IT firms
IT vendors vie for govt contracts
International Business
Canada rejects GM, Chrysler plans
G20 to target protectionism
Corus chief Varin to head Peugeot
Job losses announced by GP winners
Some trade may vanish forever: IMF

More >>
More >>

Market Analysis
Mutual Funds
Real Estate

Market's resilience will be put to test this week
Bear market retracement or a yet to bottom out?
Overseas performance of dollar to hold key
Where marketers put their money in 2008
Brokerages point to IFAs to get business
More >>

One out of six stocks beat sensex
The persistent rally of stock market
Analysts' picks: Axis Bank, Maruti Suzuki, Cairn India, HDFC
Top 10 auto & auto parts stocks
Sunidhi Securities recommends ‘BUY’ on Yes Bank for TP Rs 60
More >>

Makeover helps FMPs regain lost ground
MFs now take derivatives option to gain from swings
India funds not in hurry to cut cash; like metals
MFs slowly emerging from FII dominance
Why buy mutual funds
More >>

“Suspend defence deal with Israel”
Hindu - ‎Mar 28, 2009‎
NEW DELHI: The Communist Party of India (Marxist) on Saturday demanded that the United Progressive Alliance government forthwith suspend the air defence ...
Oppn demands explanation on missile deal Daily News & Analysis
Congress rejects demand for CBI probe into Rs,10000 crore missile ... domain-B
all 64 news articles »
ANALYSIS-Colombia's Uribe gains 2010 re-election momentum
Reuters - ‎19 minutes ago‎
Seen as a hero by many Colombians for going on the attack against Marxist guerrillas widely despised for their use of kidnapping, Uribe's government has ...

What recession? Indian political parties are flush with funds
Economic Times - ‎10 hours ago‎
The financially more prudent Communist Party of India-Marxist (CPI-M) is not ready to reveal how much it spends on the election but insists that it never ...
Advani is the healthiest of leaders in India: Naidu MSN India
all 80 news articles »
Shahabuddin's wife files nomination from Bihar's Siwan
Hindu - ‎6 hours ago‎
Mr. Shahabuddin was convicted May 5, 2007, for kidnapping and trying to kill a Communist Party of India-Marxist Leninist (CPI-ML) activist, Chhote Lal, ...

Business Standard
‘Bring back Indian money stashed in foreign banks’
Sify - ‎Mar 29, 2009‎
... and the Communist Party of India-Marxist (CPI-M), Bharatiya Janata Party (BJP) leader LK Advani Sunday asked Prime Minister Manmohan Singh to raise at ...
Many parties will support us after polls, claims Rajnath
all 144 news articles »

The Associated Press
Turkey seeks to contain Islamic radicals
The Associated Press - ‎3 hours ago‎
"The state has no right to ban any group which is not involved in violence, whether it is an Islamic or Marxist one," said Ayhan Kucuk of the Mazlum-Der, ...
Governments, parties neglecting disabled citizens: CPI-M
Smash Hits - ‎14 minutes ago‎
New Delhi, March 30 (IANS) The Communist Party of India-Marxist (CPI-M) Monday accused the successive governments and the mainstream political parties of ...
Court summons Pinarayi
Kerala Online - ‎Mar 28, 2009‎
The decree by the court was based on a petition filed by advocate Neyyattinkara P. Nagaraj accusing six persons, including the Minister for Health PK ...
Gowda ready to forgive Left
Business Standard - ‎Mar 29, 2009‎
... the Communist Party of India-Marxist denied the JD(S) any ticket in Kerala, including the latter’s sitting constituency. The JD (S) minister in the ...
Kumaraswamy to contest from Bangalore Rural
all 19 news articles »
Press Trust of India - ‎Mar 19, 2009‎
The General Secretary of the JVP Tilvan Silva contended that a group of ministers, including Tamil Minister Douglas Devananda, are trying to devolve more ...
Stay up to date on these results:
Create an email alert for Marxist ministers
Add a custom section for Marxist ministers to Google News
Add a news gadget for Marxist ministers to your Google homepage

1 2 3 4 5 6 7 8 9 10 Next

Palash Biswas

Pl Read my blogs:

Sunday, March 29, 2009



Troubled Galaxy Destroyed Dreams: Chapter 190

Palash Biswas

Sydney Morning Herald
'Politics should be about people, not profit'
BBC News - ‎Mar 28, 2009‎
More than Thousands of people have marched through central London to demand action on poverty, jobs and climate change, ahead of the summit of G20 leaders ...
What the G20 must do
35000 turn out for wet G20 march Times Online
Tens of thousands join Put People First protest to demand economic ...
European Parliament (press release) -
all 3,003 news articles »

Sorted by relevance
Sort by date Sort by date with duplicates included
« View all web results for starvation
'Starvation Lake' a tasty mystery
Detroit Free Press - ‎7 hours ago‎
BY OLINE H. COGDILL • SUN SENTINEL • March 29, 2009 In "Starvation Lake," Bryan Gruley delivers a seamless tale of revenge, redemption, secrets and lost ...
Book Review: Fresh voices invigorate the thriller Florida Times-Union
Debut novel skates along smoothly Columbus Dispatch
all 3 news articles »
Couple whose baby died of starvation did not commit crime, sources
Malaysia Star - ‎Mar 27, 2009‎
By STEPHEN THEN MIRI: The parents of the month-old baby boy who died from starvation when they forgot to feed him due to being too drunk will not be charged ...
Agilent Goes Into Starvation Mode
Forbes - ‎Mar 26, 2009‎
Agilent Technologies sees rainy days ahead, but the scientific instrument maker’s efforts to weather the economic storm are giving hope to investors. ...

Orlando Sentinel
Is 'scapegoating' behind baby's starvation death?
Orlando Sentinel - ‎Mar 28, 2009‎
By Willoughby Mariano | Sentinel Staff Writer An Orlando mother arrested in the starvation death of her infant daughter failed to feed her twin babies — but ...
Police: Starved baby died at same weight she was at two weeks Orlando Homicide Report
all 33 news articles »

Seattle Times
$6M settlement for starved Everett boy
Seattle Times - ‎Mar 25, 2009‎
The state and three other parties have agreed to pay $6 million to settle a lawsuit brought on behalf of a boy who was intentionally starved by his father ...
$6M settlement reported in Lynnwood starvation Seattle Post Intelligencer
Investigators: $6M settlement for starved boy Northwest Cable News
DSHS, others pay $6 mil in Abegg case The Olympian
all 34 news articles »

Christian Science Monitor
Sands’s Starvation, Boils Dramatized in IRA Film: Rick Warner
Bloomberg - ‎Mar 23, 2009‎
March 24 (Bloomberg) -- In 1981, Bobby Sands and nine other Irish Republican Army inmates starved themselves to death to protest Britain’s refusal to ...
MOVIE REVIEW: Film depicts IRA’s Bobby Sands starvation crusade Enterprise News
‘Hunger’ pains: IRA prisoner Bobby Sands inspired McQueen’s ... Boston Herald
The Brilliance of Hunger Movie City News
NYU Washington Square News
all 53 news articles »
Obama must halt starvation in Darfur
Atlanta Journal Constitution - ‎Mar 21, 2009‎
By John Prendergast Between 1991 and 1993, I traveled extensively as a human rights monitor in what became known as the “starvation triangle” in ...
One Million Sudanese At Risk Of Starvation: UN RTT News
Sudan: Bring President Al-Bashir to justice now, says Amnesty Amnesty International UK
Over 1 Million People Threatened with Starvation in Sudan
afrol News - Huffington Post
all 2,579 news articles »
VIDEO: Kenya drought - starvation feared
Reuters - ‎Mar 25, 2009‎
Mar 25 - The Kenyan government is warning that 10 million people may face starvation if a drought in the country lasts much longer. ...
Enough, population doom merchants
Times Online - ‎18 hours ago‎
In the 1960s they based their campaign on the notion that there would be mass starvation in Africa and the subcontinent unless those countries learnt to cut ...
Cafeteria strike against Meriwether Godsey causes chaos and starvation
Guilfordian - ‎Mar 27, 2009‎
"Eat corporate or die," screamed Head Chef Diana Henry at the top her lungs as Cafeteria employees staged a strike on Founder's Porch in protest of ...
Stay up to date on these results:
Create an email alert for starvation
Add a custom section for starvation to Google News
Add a news gadget for starvation to your Google homepage

1 2 3 4 5 6 7 8 9 10 Next

Business Standard
COUNTERVIEW | Policies perpetuated poverty
Times of India - ‎Mar 27, 2009‎
The UPA and the Congress talked about inclusive growth. But did they strive for it? We call growth inclusive when benefits of economic growth reach vast ...
Get all the news you missed this week in this downloadable capsule Livemint
Brand Advani: Perils Of Rebranding!
all 347 news articles »
'National movement needed to get rid of poverty, casteism'
Central Chronicle - ‎Mar 28, 2009‎
Noting that the 'Sher-i-Punjab' felt that education should be a tool to remove poverty and misery, former Union minister Jagmohan said while India has ...
New light on Lala Lajpat Rai Hindu
all 2 news articles »

India Poverty Helping Poor People Help Themselves Community Development. Learn More!
Poverty Around The World The Hunger Project works for a sustainable end to hunger & poverty
Fight Poverty In India Learn About IndiaBuilds. Help Habitat for Humanity in India.
Related searches: poverty in india poverty essay solutions to poverty

Poverty threshold - Wikipedia, the free encyclopedia
The poverty threshold, or poverty line, is the minimum level of income deemed necessary to achieve an adequate standard of living in a given country. ... - 62k - Cached - Similar pages -
Ministry of Urban Development & Poverty Alleviation
Oversees and formulates policy for urban development. Includes detail of legislation, policy, and citizen's charter. - 17k - Cached - Similar pages -
Kamat's Potpourri: Poverty in India -- Interviews with Poverty
The poverty in India takes many a forms and degenerates to the utmost kind ... Some of the following pictures depict utter poverty and can be disturbing. ... - 21k - Cached - Similar pages -
Make Poverty History

5 min - 26 Apr 2006 -

No Subject, speaks for itself ... Make Poverty History ... -

Ministry of Housing & Urban Poverty Alleviation
Contents of the Site are owned, maintained and updated by Ministry of Housing and Urban Poverty Alleviation. Sites belonging to attached office, ... - 22k - Cached - Similar pages -
The Hindu : Opinion / Editorials : New anti-poverty strategies
For decades, policy makers in governments and multilateral institutions have been attempting to find a workable model that would end poverty. ... - 17k - Cached - Similar pages -
Poverty - Main
26 Aug 2008 ... Official statistics on poverty in the United States. - 18k - Cached - Similar pages -
Kudumbashree, State Poverty Eradication Mission, Government of ...
Details of its activities, mission, history (with news clippings), awards obtained, and reports. - 2k - Cached - Similar pages -
InfoChange India News & Features development news India - Poverty
It is the same with poverty. When all the number-crunching is done, the lines of poverty defined and redefined, poverty is about the adivasi starving in ... - 35k - Cached - Similar pages -
Causes of Poverty — Global Issues
2 Jan 2009 ... The poverty section of the Global Issues web site looks into causes of poverty around the world. Why are poor nations poor? - 38k - Cached - Similar pages -
Searches related to: Poverty poverty in india poverty in africa poverty statistics poverty pictures
unemployment poverty essay poverty around the world solutions to poverty

You have removed results from this search. Hide them

Previous 1 2 3 4 5 6 7 8 9 10 11 Next

Washington, December 11, 2008— The World Bank announced today it is boosting aid to India, for much-needed infrastructure and also to help the nation’s poorest states. Funding is being considered for the next four years under the Bank’s country assistance strategy, with more assistance planned for the future.,,contentMDK:22009107~pagePK:64257043~piPK:437376~theSitePK:4607,00.html

My people, worldwide Black untouchables and the Indigenous Aboriginal and Minority Communities are BORN ENSLAVED in POVERTY struck by famine and Food Insecurity and DEBT to die in POVERTY! Since they are the NATURE associated ENVIRONMENT Friendly Peace loving species in this Galaxy! I live with the Peasnt Community destined for SUIcide, Tribals suffering from Starvation, Joblost industrial workers and Displaced Peasants and tribals fighting to survive and bretahe in the GHETTOS created for east bengal refugees!

I have been among the Mine Workers, the People engaged in Illegal Mining, the Population struck by Radioactivity, deforestation and Pollution of every kind.

I have also visited the GRAVE Yards spread over closed JUTE and COTTON Mills and tea gardens.

Our people are Predestined to be BORN in poverty and wither away with DEATH procession INFINITE!

I was BORN in poverty, though as RESETTLED Bengali refugee family we had not to face such Starvation crisis or Food insecurity as our people encounter countrywide. The Bengal as well as Sikh partition Victim refugees resettled in Nainital terai Transformed the HELL into a HEAVEN furher strengthened by GREEN REVOLUTION in sixties led by pant nagar university.

But we also faced calamities and harvest Loss, intense debt situation as the pesants all over the country sufferfrom. We always had been surrounded by Aboriginal tribal population whwerever we were rehabilitated. I have witnessed the Poverty and Stravation, alienation of our trabal brothers and sisters. Specially in Jharkhand, I visited Tribal villages around the Industrial cities and Mines, urban areas. I have seen starvation, Poverty and death face to face in almost every Tribal village all over the country.

Specially in Dandakaranya, targeted specially for REPRESSION to CURB Maoism, not only tribals but SC and OBC and minorities along with the POOR belonging to general catstes do live in Poverty and starvation!

I visited many parts of North East India, separated from mainland and saw the map of Poverty spread everywhere. Bundelkhand in UP, Bidarbha in Maharashtra and many parts of rajasthan and MP live in Poverty lacking basic needs.

The refugees, not able to resettled have been DEHUMANISED as SLUMDOGS and they consist the main Maual Workforcs concentrated in SLUMS around the metros and Developed Urban areas.

I am fortunate to share their experiences also.

In West Bengal, the East Bengal dalit refugees are most Hated and DISCRIMINATED!

The MARXIST Strategy against the PROLETARIAT leaves no SPACE for SC, OBC, ST and Minority Communities to BREATHE freely unless we prove our HUMILITY, Surrender and SUBORDINATION as SUBHUMEN!

The number of chronically hungry people has surpassed the 1 billion mark for the first time as the economic crisis compounds the impact of high food prices, the United Nations’ top agriculture official has warned. In an interview with the Financial Times, Jacques Diouf, director-general of the Food and Agriculture Organisation, warned that the increasing numbers of undernourished people could trigger political instability in developing countries.

“The issue of world food security is an issue of peace and national security,” he said, urging world leaders who are discussing ways to resolve the economic crisis not to forget that last year more than 30 countries suffered food riots.

The Rome-based organisation estimated last year that about 960 million people were chronically hungry in 2008. Diouf said that had since risen and “unfortunately, we are already quoting a number of 1bn people on average for this year”. Before the food crisis started in 2007, there were less than 850 million chronically hungry people in the world, a level that has been roughly constant since the early 1990s owing to the global fight against poverty and countries such as China lifting their economic growth.

Diouf’s assessment signals that the food and economic crisis have reversed the past quarter-century’s slow but constant decline in the proportion of undernourished people as a percentage of the developing world’s population. The percentage fell from 20 percent in 1990-92 to a low of just below 16 percent in the 2003-05 period. But with 1 billion people chronically hungry now, the percentage has risen to almost 18 percent.

As a consequence, the FAO’s director-general proposed ditching the UN’s Millennium Development Goal of halving the number of the world’s undernourished by 2015 and replacing it with a target of “eradicating hunger by 2025”. He said to meet that aim, the world should learn from the mistakes of the 1990s, when investment in agriculture fell sharply, paving the way for the surge in food prices of the past two and a half years.

Diouf is pressing world leaders for a summit in Rome in November to tackle the roots of food insecurity, rather than to continue reacting to every crisis with ad hoc measures. “The food crisis is not over,” he said, warning that although international benchmark prices for major agricultural commodities such as wheat, corn, rice and soyabean had fallen from last year’s peak, they remained almost 30 per cent above the 2005 level. He added that domestic prices in developing countries had not tracked the drop in international prices as their crops had been disappointing.

Now, he said, “the financial crisis is worsening the situation by increasing unemployment, limiting the credit for trading [agricultural commodities] and lowering remittances, which in poor countries were used to purchase food”. “Combining all the elements we are in a very unstable situation,” he added.

At the proposed summit, Diouf said that world leaders should commit to investing in agriculture, particularly in the developing world, as the rise in the world’s population from today’s 6.5 billion people to 9 billion by 2050 will mean the world needs to double its current food output.

He added that leaders also should agree to revive the FAO’s Committee on World Food Security, elevating it to ministerial level to “allow policy decisions [to] be made”. Diouf said that several heads of state and governments already back its idea of a summit in November to tackle the food problem. Previous summits, however, have yielded few policy results.

BBC News
High growth, low votes
BBC News - ‎Mar 26, 2009‎
But this view scarcely stands up to close scrutiny: according to the available evidence, the proportion of the poor below the poverty line significantly ...
CPI-M manifesto for 15th Lok Sabha elections
all 108 news articles »

Sadiq ahmed rightly writes:

The global financial crisis hit South Asia at a time when it was barely recovering from a severe terms of trade shock resulting from the global food and fuel price crisis.The food and fuel price shocks had badly affected South Asia, with cumulative income loss ranging from 34 percent of 2002 GDP for Maldives to 8 percent for Bangladesh. Current account and fiscal balances worsened sharply and inflation surged to unprecedented levels.

After my recent trip to South Asia and based on a review of internal debates and discussions in specific countries, I get a better sense of the effects of the global financial crisis on the region. Although my analysis suggests that every country has been affected, the magnitude and response between countries have differed. India has seen the greatest impact with economic indicators demonstrating significant decreases on many measures. Officials have responded swiftly and taken a number of steps to mitigate some of the worst consequences.

South Asia has the highest rates of malnutrition and the largest numbers of undernourished children in the world! Poverty is often the underlying cause of child malnutrition, and while South Asia has recently experienced impressive economic growth and reduced poverty, this has not translated into improved nutrition. The region fares worse than any other developing region including Sub-Saharan Africa (45% vs. 28%, respectively). There is an urgent need to tackle the severe malnutrition situation in South Asia.

A section of the DALIT intellectuals including ADITYA ROY, Dr Jagadish Haldar, Adhikar Editor Gauranga Biswas, and others have issued an appeal to all Political parties to HIGHLIGHT the demands of the DALITS.

It is a pity to note that our Ambedkarite Friends have not been DISILLUSIONED till this date.

The Marxist GOVT does not issue CASTE CERTIFICATE to our people demanding documents of land before 1952 with certificates from two family persons!

Then, it is worthless to BLAME NORTH INDIA for the INTRODUCTION of Citizenship Act!

I encounter so many Bengali Intellectuals and COMMON people who declare that NORTH Indian Psyche won`t allow a BENGALI Prime Minister!

What about the MARXIST HISTORICAL Blunder?

The North Indian leaders like comrade Harkishan Singh Surajeet Lalu Yadav, Mulayam Singh Yadav, Ram Bilash Paswan and South Indian leaders tried their best to make Comrade Jyoti Basu the Prime Minister of India.

The Bengalies like Brand Buddha, Nirupam Sen, Biman Basu aligned with Prakash Karat and company pulled Basu back!

Our so called Bangla nationality sentiment works against Fact and history while we BLAME only Nehru and Gandhi for partition Holocaust and the PERSECUTION of Aboriginal Indigenous Minority Communities all over the Divided bleeding geopolitics!

The WEST Bengal segment of BENGAL assembly passed the partition Resolution by Majority while EAST BENGAL Rejected it!

It was the HATE SPEECHES of NC Chatterjee and Shyama Prasad Mukherjee and RSS Pro activism under Hindu Mahasabha Umbrella injected CROMINE in Dying muslim League Politics countrywide and the League was INSTITUTED by the BENGALIES only!

Who betrayed PRAJA Krishak Party and IMMUNED FAZLUL Haq?

Who betrayed NETAJI Subhash Chandra Bose?

Basudev Burman is a dalit Intellectual we all know.

He had been the Vice chancellor of kalayani university and the Chairman of Tripura Education Commission. He headed the dalit Samanyay SAMITI until he was elected for Loksabha from reserved Mathurapur seat in South 24 Parganas on CPIM Ticket.

Dr Burman was the Head of the ONE MEMBER BURMAN commission on OBC quota implementation in West Bengal while He DENIED the VERY EXISTENCE of OBC Castes in West Bengal despite no less than FORTY TWO percent OBC population in West Bengal.

As a member of parliament, Dr Burman recorded HIGHEST ATTENDANCE but he never raised a question!

Dr Burman is not known to do anything for his constituency or Bengal in general.

Dr Burman was heading the SAHAMARMI movement in support of the Bengalies residing outside Bengal and demanding CITIZENSHIP , Reservation and the RIGHT to learn Mother tongue. But he kept MUM while his Party supported and VOTED ENACTING anti BENGALI CITIZENSHIP Amendment Act branding all Bengali dalit refugees as BANGLADESHI Illegal Immigrants.

I personally requested DR BURMAN to visit Refugee colonies in UP and Uttaranchal very near to New DELHI but he could not manage TIME during his five year Tenure in the Parliament.

NO CS, OBC or ST or MINORITY member of Parliament cared enough for the ABORIGINAL INDIGENOUS MINORITY communities and VOTED to pass scores of ANTI People acts!

Dr Burman is fielded in RANAGHAT reserve seat this time as other SC ST OBC candidates do beg vote of our people and we support them knowing the record and the past!

The DALIT intellectuals demanded JOB, Awards and Institutions on the name of DALIT ICONS.

I have been in THAKUR nagar where TWENTY FIVE lacs of SC crowd gather every year.

Since BANGAO is a new RESERVE Loksabha seat thanks to DELIMITATION, the MATUAS have become the DECIDING POWER and even the Mainstream MEDIA known for DALIT HATE spends much of the space on Matuas.

The Matuas have resisted CPIM and Left parties but do tend to SUPPORT Ms MAMTA BANNERJEE and her TMC.

Has MAMATA been ever VOCAl on these demands the dalit Intellectuals do present?


Neither the POWER or RESISTANCE Hegemony nor the MEDIA or the CIVIL SOCIETY ever cared for us.

Dr BIODHAN CHANDRA Roy finalised the EAST BENGAL REFUGEE Policy with Pdt Jawahar Lal Nehru denying them the STATUS of PARTITION VICTIM!

DOLE was allocated rejecting COMPENSATION.


The BENGALI BRAHAMINICAL Leadership decided to EXCOMMUNICATE and EXTURMINATE our people and SCATTERED them all over the country in Jungles and Tribal Regions resulting DEGENERATION and DEFACEMENT!

The DEMAND of Charter mentions the Manipulation in Reservation and quota as the reserved seats are often declared as GENERAL because SC ST OBC candidates are not available while our boys and girls in lacs roam in uncertainty having passed Service commission and NET exams.

They are mobilised in VOTE BANK adjustment process and the Marxist Gestapo by the SIGNATORY Intellectuals themselves.

Dr NITISH Biswas happens to be the GENERAL SECRETARY of so many forums to organise the ASPIRING OPORTUNIST People and all tha DALIT INTELLECTUALS throng around him!

Dr Nitish Biswas is not alone.

Lalan Academy and VIJOY SARKAR Memorial commitee have been HIJACKED by CPIM and Marxist ministers Subhash Chakrabarti and ANIL SARKASR manages all the set ups of this kind.

OBC intellectual, the famous MUSICIAN SHUBHENDU Maiti was the FACE projected by CPIM din defence of Nandigram!

Recently I have been in THAKUR NAGAR., the Matua centre.

The dalit intellectuals have demanded KUMBHA Mela status for BARUNI. While the OCCASION is to be seen as rare example of CHAOS and MISMANAGEMENT while FORWARD BLOCK MLA HARI PADA Biswas heads the advicery committee to Matua Mahasangha.

Matuas in lacs gather there with DANKA and disintegrate without any MOBILISATION.

The Matua Mahasangha is not known to follow any PRINCILE or ways of SOCIAL MOBILISATION, EMPOWERMENT and CREATIVE Social work. HARICHAN GURUCHAND Ideology is not discussed at all.

Although the Matua Mahasangha led the Anti CITIZENSHIP AMENDMENT ACT Movement, but pressurised by the Marxists they withdrew from the RESISTANCE and takes every care to be BRANDED as a RELIGIOUS OUTFIT!

What is this?

If God wishes, I'll intervene in Kandhamal: Sister Prema
Kolkata (IANS): Describing religious conversion as "God's work", new Superior General of the Missionaries of Charity (MoC) Sister Mary Prema on Friday said she would go to Orissa's Kandhamal - scene of communal violence - if she received divine inspiration.

The German born Prema, who was elected as MoC head Tuesday, hoped the order's founder Nobel laureate Mother Teresa will be canonised one day. She also expressed her desire to meet Pope Benedict XVI.

Replying to a query on the Kandhamal riots during her maiden media meet after taking over the top position, she said: "We forgive those who caused us suffering".

"If God inspires me, I'll definitely intervene," said Sister Prema, when asked whether she would go to Kandhamal.

Asked to spell out her views on religious conversion, she said: "Every human being has the right to believe. Each person is born with dignity. Religious conversion is God's work".

Sister Prema, who turns 56 in May, responded to a host of posers during the half-hour media interaction at the Missionaries of Charity global headquarters, the Mother House.

Expressing surprise at her election, the nun said she needed to know the community across India.

Sister Nirmala, who had led the congregation for 12 years since Mother Teresa stepped down in 1997, was re-elected for a third term March 13. But the MoC held a second election on Tuesday after she expressed a desire to be relieved of the post owing to ill-health.

"My election was a bit of a surprise to me. I had no plans, Mother led the society quite amazingly. Sister Nirmala followed her. Now, I have to follow Sister Nirmala."

"I'll work for the poor, the downtrodden. I will work to eradicate poverty," said sister Prema, who was born Mechtilde Pierick in Reken, Westfalia, Germany. Her parents are now dead, but she has an elder brother and a twin sister. "Both of them are married and have children." In her early life, Sister Prema taught in a school for the handicapped.

She first came to know about Mother Teresa by reading the book "Something Beautiful for God" by Malcolm Muggeridge.

"Inspired by the book, I met Mother in 1980 in a youth meeting in Berlin, and joined the MoC the same year in Essen, Germany."

Missionaries of Charity sources said she served the poorest of the poor in Italy and other European countries, and was a member of the general chapter in which Nirmala succeeded the Mother as Superior General.

Since 2001, sister Prema is living in Kolkata.

"Sister Nirmala will continue to guide us," she said to a question on her predecessor.

Sister Prema hoped that the Mother will be canonised one day. "The investigation of the Miracle is still on."

The MOC, founded by the Mother in 1950, now has 766 Mother Houses all over the world, of which 246 are in India. "We have 4,950 novices working all over the world, though their numbers have gone down in the last one year," said Prema.

She traced the reason to break-up of families and fewer children.

Sister Prema said the young generation has to be inspired to join the MoC. "Through our humble service and plain lifestyle we have to draw the young generation," she added.

She did not think the charisma of the Mother was missing. "It is still there."

Malvika Singh
With Rajnath Singh supporting Feroze Varun Gandhi and, therefore, all his rather scary utterances, and stating that he will go and campaign for the young aspirant, the Bharatiya Janata Party has established its position vis-à-vis Indian Muslims, Sikhs and other non-Hindus. For a national party to silently endorse a possibly sinful oath is taking humanity back to the days of uncivilized politics when an eye for an eye and an ear for an ear was the war cry of revenge. To see a supposed national party stand by a bagful of false beliefs in the present age of information technology and globalization makes one shudder with fear and sadness. What a waste of energy in a country haunted by poverty and lawlessness, corruption and unjust politics that defy and fight against the essence of pluralism.

Will the majority of the Hindus tolerate and condone this rhetoric and the accompanying acts that contravene the laws of this land? Will they, the majority, join a political dispensation that holds such preposterous positions and unbending beliefs that will, most certainly, kill the soul of India? Often it is an unthinking, wild desperation that manifests itself in such acts and speeches, a personal desperation to grab power at all costs. An ascent to power propelled by rabid speeches of this kind is usually fraught with superficialities and results in an equally sudden downfall. The BJP appears to be ‘using’ Varun Gandhi, maybe because he is a Gandhi. Perhaps his party needs a representative of the ‘first family’ of Indian politics within its fragmented fold to assert its national appeal and to enable it to compete with the Congress. Otherwise, why should the party leadership go out of its way to endorse Varun Gandhi, thus alienating some of its critical allies?

Central pie

India remains a conservative, semi-feudal culture and it will take some more decades and a clear generational shift in politics and society for the democratization of her multi-faceted cultural traditions, her resilient, ancient philosophies and therefore, of the majority mindset, to take place. Respect for diversity, differences and debate will have to override the scheming, wheeling, dealing and more that we have been witness to over the last few decades. All through the last week we have had to hear non-stop repeats of the diatribe of Feroze Varun Gandhi, whom the press insists on calling by his middle name. Then, a few days days ago, that frightening image was juxtaposed with one of Rahul Gandhi, who was calm and collected, engaging with the press on issues that need correction and action. A different tenor, a different endeavour, a different goal. Forcing a polarization, the BJP and Varun Gandhi may well compel the country to make some hard choices. Some will win on the Hindu plank, others will fall by the wayside and Bharat will go through some severe contractions before the birth of a modern civil society. This may well be our trial by fire!

The government is virtually a ‘caretaker’ till the results are declared. If the Congress reaches the 150 mark, chances are that the opportunist bees will race to the hive with their numbers and there could be a radical change of partners in the course of the jig. If the Congress drops its count, the single largest vote-getter, Mayavati or Jayalalithaa or anyone else, will cobble together an ‘united’ collective with all others carrying their ‘numbers’ and jockeying to grab a bit of the Central pie. Real, constructive alliances have not been intrinsic to Indian coalitions. The selfish, divisive ‘alliances’ that have been plaguing India are over for now. The gross horse-trading will resume on the evening of May 16, when votes will be counted. The alliances that will survive till then are those that are mutually beneficial to the partners in the political play.

Spotlight on multi-faith India
1 day ago

NEW DELHI (AFP) — A Muslim-baiting speech ahead of India's elections next month has opened the door to a divisive campaign exploiting the country's religious fault lines.

The black sheep of India's Nehru-Gandhi dynasty, would-be Hindu nationalist MP Varun Gandhi, has prompted a major scandal after TV footage showed him whipping up anti-Muslim hatred while hunting votes in a northern Hindu heartland.

His Bharatiya Janata Party (BJP) would, he was taped telling a rally, "cut the head of Muslims" if it beats the incumbent Congress party in the polls that start next month.

Varun Gandhi is now in legal trouble and facing arrest -- as inciting violence is not taken lightly in a country susceptible to the occasional pogrom.

But the BJP is unrepentant, shrugging off calls from the Election Commission to drop him as a candidate.

Observers say debate on issues such as grinding poverty and other pressing social and economic matters is once again being sidelined as the campaign goes sectarian.

But the fact remains that communal issues are still seen as vote winners.

"The effect of religion on Indian politics is staggering, and denying its influence would be a blunder by any political party," said political analyst Pran Chopra.

"Sectarian politics has a great degree of appeal. It can never vanish from Indian politics."

The scandal surrounding Varun Gandhi, analysts say, underscores some unsavoury facts about modern India -- a country that takes pride in its "world's largest democracy" badge and that wants to make the 21st century its own.

They say that more than sixty years after the subcontinent was drowning in the blood of partition, sectarian rabble-rousers can still score points.

"Hate has been employed as an effective tool to polarise in almost every election," noted Suhel Seth, a well-known television commentator and newspaper columnist.

"The tragedy is that the Indian politician has not learnt how to inspire. He has only been taught how to foment hatred, which is no longer a virtue in these frail times fraught as they are with economic and social stress," he wrote in the Hindustan Times newspaper.

Indeed, according to the Midday tabloid, the BJP has a "new lucky mascot" and a "star campaigner" in the London-educated Varun Gandhi, the grandson of former premier Indira Gandhi.

This has left the rival parties arguing about the communal issues that India's founding fathers tried to put behind them in the wake of partition, with Congress labelling the BJP as a major threat to social cohesion.

"The BJP is out to divide people on the basis of communal lines," Prime Minister Manmohan Singh said this week when launching Congress's manifesto.

"This is the record of Mr. Advani," Singh said of BJP leader L.K. Advani. "We currently must reflect whether this is a person who is fit to hold office."

The BJP quickly retaliated, accusing Congress of cynically courting the important Muslim vote -- Islam is followed by 135 million to 140 million of India's 1.1 billion population -- and of being weak on terror.

Caught in the middle are India's Muslims, many of whom hold little faith in either of the two main parties.

"Political parties are linking recent terrorist attacks to communalism to feed prejudice," said Seema Mustafa, an Indian Muslim columnist.

"Muslims across India are arrested at random and have no one to protect them from injustice."

The BJP's own campaign manifesto is expected to reiterate the party's commitment to building a Hindu temple on the ruins of a mosque demolished in 1992 by Hindu zealots.

The demolition sparked Hindu-Muslim violence that claimed around 2,000 lives.

Declining poverty ups UPA's re-election chances: Study

27 Mar 2009, 1726 hrs IST, Shailesh Dobhal & M K Venu, ET Bureau

NEW DELHI: India may have begun to experience a new era in electoral politics, where a large number of incumbents stand a good chance of getting
re-elected because of declining poverty levels, two sets of data indicate.

While poverty has declined in 380 of the 543 Lok Sabha constituencies in the past five years, an analysis by the Economic & Political Weekly (EPW) shows that anti-incumbency, the trend for the electorate to vote out the incumbent representative, has declined significantly between 2004 and 2008.

Some of this may have been reflected in the recent assembly polls in five states, where three incumbent governments retained power. Over two-thirds of sitting MPs lost their seats in the 2004 polls. But they could be more hopeful this time around. If reduction of poverty in 380 constituencies is taken as a proxy for a possible pro-incumbency, then Congress and its present allies seem positioned well.

Of the 380 seats where poverty levels have fallen, Congress has 84, RJD 17, NCP 6, SP 16, BJP 65 and the Left Front 31 while BSP has 10. This is what emerges from the ET-Indicus Analytics Election Special analysis of constituency-level data on over two dozen demographic, social and economic development indicators.

A recent study published in the Economic and Political Weekly found a declining trend in anti-incumbency . The study shows that while 77% of all incumbent state governments were voted out of power in the decade ended 1998, this proportion dropped sharply to just 46% last year.

It is also seen that state election results mirror that of the Lok Sabha in a large number of cases, especially when the two are held within a year of each other. Although a direct correlation between one single measure of development and electoral performance runs the risk of being too simplistic, it’s a safe conclusion that a decline in poverty is a factor that favours re-election.

However, anti-incumbency could work in constituencies where poverty levels have remained static or increased between 2004 and 2008. In the last five years, poverty has remained static in 51 constituencies, and increased in 112 constituencies. Poverty is defined by the government in terms of food intake: people who cannot consume 2,400 calories of energy a day in rural areas or 2,100 calories in urban areas are deemed poor, or below the poverty line (BPL).

The proportion of BPL population fell to 26% from 28% at the national level between 2004 and 2008. During the same period, poverty decreased across all states barring Uttarakhand, which last year took on the dubious mantle of a state with the highest proportion of BPL population at 47% compared with 43% in 2004.

Until 2004, Orissa used to be the state with highest BPL ratio (46%), which has come down to 45% in 2008. Mizoram continues to have least proportion of BPL population at just 1%. Assam saw a 4% drop—the biggest—in BPL population, with all 14 constituencies in the state reporting decreased BPL numbers. This should be good news for Congress, which runs the government in that state.

Primary data from the National Sample Survey Organisation’s 50th, 55th and 61st rounds was taken to arrive at the constituency-wise BPL population projections in 2004 and 2008.

The top 10 constituencies with the largest drop in proportion of BPL population are in the north and eastern states, with as many as six from Uttar Pradesh. Orissa’s Aska constituency saw the biggest 10% drop in BPL population, although the number remains at a high 43%, but below the 46% average number for the state. The Biju Janata Dal sacked and disqualified the MP from Aska, Harihar Swain, for violating the party whip and voting for the Manmohan Singh government in the vote of confidence.

Other constituencies in the top 10 include Pratapgarh, Sultanpur, Sitapur, Jalaun, Akbarpur and Kanpur, all in UP, Orissa’s Berhampur and West Bengal’s Darjeeling. Bihar’s Arrah constituency with a population of 2.5-million gets the dubious distinction of the largest increase in proportion of BPL population, up 8% between 2004 and 2008. This should be bad news for the sitting MP, RJD’s Kanti Singh.

But that needn’t be so. Congress president Sonia Gandhi’s constituency Rae Bareli also saw poverty levels rise, and was one of three constituencies in UP to figure in the list of the worst 10 performers on the BPL score. Want to bet against her re-election?

Week Month Quarter Hall of Fame

Is media punishing Varun Gandhi for imaginary crime?
Taliban at the doorstep: A President in denial
Medical tourism: India ranks second
Godmen, 'tantriks' expose our vulnerability
IPL will be held outside India: BCCI
Current attitude toward sex needs drastic changes
New schedule of IPL announced
Tata Motors buoyant on Nano launch today
Pakistan: Justice Chaudhry reinstated
Jade Goody departs


Obama's economic policy
Major political issues in the forthcoming general elections
Lifestyle diseases
International terrorism
Current global financial crisis
The future of High Definition video/television

Grain politics in hungry India

The Congress has announced 25 kg of rice per poor family at Rs 3 per kg. This seems a mere populist gimmick before elections to lure the voter rather than a sincere policy. In 2008, many parties and governments promised subsidised grains to the poor..
CJ: Citizen Shiba, 1 day ago Views:640 Comments:1

IF MID-DAY meal is to educate India then there is grain politics to democratise India. With the hope that rice at cheaper rate will fetch more votes, raining of populist sops are hot potatoes in time of elections. Congress’ announcement of 25 kg of rice per poor family at Rs 3 per kg is certainly not the first time that promises of cheap grain have been made.

In 1967, DMK pledged it would give three measures of rice for one rupee in TN. That was the first time it came to power in the state. Later, NTR Rama Rao took a leaf out of Tamil Naidu in 1983 when he borrowed Anna’s winning formula and offered rice at Rs 2 per kg. That was 26 years ago.

Suddenly last year, it was the ‘Big Idea’ for politicians. In 2008, many states saw parties promising, or governments giving subsidised grains to the poor. The year began with the Chattisgarh government introducing a scheme of 35 kg of rice at Rs 3 per kg for families Below the Poverty Line (BPL). In April, the Madhya Pradesh Government followed suit, announcing 20 kg of wheat at Rs 3 per kg or 20 kg of rice at Rs 4.
Other Articles by Citizen Shiba
Media needs to be more responsible during polls
Words must be followed by positive action
Pakistan files case against Kasab
Valueless business gasping for breath
No transparency in Indian cricket
more >>
5 per kg for the poor. And the list goes on with Andhra Pradesh, Karnataka and Orissa.

A close look at the electoral dividends will unfold the success of grain politics. Karunanidhi in TN, Shivraj Chauhan in MP, Raman Singh in Chhattisgarh and BSYedyuruppa in Karnataka, all won the elections following the promise or delivery of cheap grain.

No doubt, these are all populist promises clearly aimed to lure the voter. It is not bad at a time when governments across the world are pouring billions into bailout packages for corporate fat cats. The question is whether this would really reach the poor or be eaten away by middlemen. On the other side these measures only came to existence before elections as gimmicks rather than sincere policies. Once upon a time India was very poor, now is the time when India is hungry, many for grains and some for votes.

Poverty in India - Wikipedia, the free encyclopedia
Eradication of poverty in India is generally only considered to be a long-term goal. Poverty alleviation is expected to make better progress in the next 50 ... - 131k - Cached - Similar pages -
Poverty in India.
Poverty in India can be defined on the basis of Rural Poverty and Urban Poverty. Find information on the causes of Poverty, Poverty line in India, ... - 29k - Cached - Similar pages -
Poverty in India,Poverty rate in India,Indian Problems,Population ...
Info about Poverty in India,Population below poverty line in India,Poverty problems,Poverty rate in India,Poverty reduction in India, India Poverty, ... - 16k - Cached - Similar pages -
Video results for Poverty in india

Poverty in India
8 min

Poverty In India
2 min 45 sec

Poverty in India
An analysis of poverty in India. This page is part of IndiaOneStop.Com, a content-rich website dedicated to positioning India in the global marketplace. - 16k - Cached - Similar pages -
Poverty in India
India poverty . In rural areas, the government has undertaken programs to mitigate the worst effects of adverse monsoon rainfall, which affects not only ... - 30k - Cached - Similar pages -
Urban poverty in India | A flourishing slum |
Urban poverty in India. Dec 19th 2007. From The Economist print edition. AROUND 6am, the squealing of copulating rats—signalling a night-long verminous orgy ... - Similar pages -
InfoChange India News & Features development news India - Poverty ...
It finds that the spatial map and social base of poverty in India have ... Poverty and inequality in India are increasingly becoming polarised along ... - 60k - Cached - Similar pages -
Kamat's Potpourri: Poverty in India -- Interviews with Poverty
The poverty in India takes many a forms and degenerates to the utmost kind known to mankind. The statistics portray a ghastly picture: over 50% living in ... - 21k - Cached - Similar pages -
Poverty in India - Cause of Poverty in India - India Poverty ...
Here is information on poverty scenario in India and measures taken to alleviate poverty. - 39k - Cached - Similar pages -
How poverty in India can be eliminated
29 Jun 2007 ... A modern smart card system that delivers cash and/or subsidies to the poor could do the trick. - 40k - Cached - Similar pages -
Searches related to: Poverty in india poverty in rural areas poverty alleviation in india poverty in bihar rural poverty in india
poverty in orissa poverty in sri lanka poverty in mumbai poverty unemployment india

You have removed results from this search. Hide them

1 2 3 4 5 6 7 8 9 10 Next

The rise of 'poortainment'
Business Standard - ‎21 hours ago‎
But it is not a realistic portrayal of the poor in India today. This is the real poverty in India: 80 per cent of Indians live below the commonly used ...

Business Standard
COUNTERVIEW | Policies perpetuated poverty
Times of India - ‎Mar 27, 2009‎
The UPA and the Congress talked about inclusive growth. But did they strive for it? We call growth inclusive when benefits of economic growth reach vast ...
Get all the news you missed this week in this downloadable capsule Livemint
Brand Advani: Perils Of Rebranding!
News makers of the week MSN India
all 347 news articles »
The triviality of the T20 tournament
Express Buzz - ‎Mar 27, 2009‎
... whether playing the cricketing equivalent of a masala movie outside of India is a blow to Indian pride and hospitality. There is poverty in this nation. ...
Is IPL more important than Elections?
all 1,131 news articles »
New light on Lala Lajpat Rai
Hindu - ‎18 hours ago‎
NEW DELHI: “The country needs a new renaissance and a new leadership that can re-awaken the Indian soul and rid the people of misery, ignorance, poverty and ...
'National movement needed to get rid of poverty, casteism' Central Chronicle
all 2 news articles »
Time to cut down on disease specific programmes, feels experts
Hindu - ‎Mar 28, 2009‎
... the poverty line each year, the lecture indicated. In such a scenario, primary health care (PHC) in India particularly has a wide scope, experts said. ...

Straits Times
India slips in WEF’s global IT index
Economic Times - ‎Mar 26, 2009‎
Mobile telephony has been particularly instrumental in raising prosperity, poverty deduction in developing countries. According to co-author Soumitra Dutta, ...
Nepal is bottom 8th in ICT Republica
Nordic, North American countries 'most networked' - report Earthtimes (press release)
all 83 news articles »

RBI may trim repo rate to 4% by midyear: Moody’s
Economic Times - ‎Mar 27, 2009‎
With much of the population in poverty, excessive price growth is a huge burden on households and could therefore trigger social unrest. ...
India’s growth to be around 6 percent this fiscal: Moody’s Newspost Online
all 101 news articles »

BBC News
High growth, low votes
BBC News - ‎Mar 26, 2009‎
His book India: The Emerging Giant was recently published by the Oxford University Press, New York. This report claims decline in poverty since 2003. ...
CPI-M manifesto for 15th Lok Sabha elections
all 108 news articles »
Declining poverty ups UPA's re-election chances: Study
Economic Times - ‎Mar 27, 2009‎
NEW DELHI: India may have begun to experience a new era in electoral politics, where a large number of incumbents stand a good chance of getting re-elected ...

Earthtimes (press release)
If God wishes, I'll intervene in Kandhamal: Sister Prema
Hindu - ‎Mar 27, 2009‎
I will work to eradicate poverty," said sister Prema, who was born Mechtilde Pierick in Reken, Westfalia, Germany. Her parents are now dead, but she has an ...
New boss for Mother Teresa's Straits Times
all 86 news articles »
Stay up to date on these results:
Create an email alert for Poverty in india
Add a custom section for Poverty in india to Google News
Add a news gadget for Poverty in india to your Google homepage

1 2 3 4 5 6 7 8 9 10 Next

BBC News
High growth, low votes
BBC News - ‎Mar 26, 2009‎
But this view scarcely stands up to close scrutiny: according to the available evidence, the proportion of the poor below the poverty line significantly ...
CPI-M manifesto for 15th Lok Sabha elections
all 108 news articles »

Poverty — Born: August 20, 1978(1978-08-20)

According to
Search Results
Born into poverty, she led fight for civil rights - October 1960 ...
Viola McFerren was born into poverty in Mississippi and was honored by four American presidents for her efforts to help not just black people, ... - 19k - Cached - Similar pages -
Born Poor and Condemned to Lifelong Poverty - David W. Boles ...
For children across the world, that reality means millions are condemned to lifelong suffering because they were born into poverty without any sort of clear ... - 64k - Cached - Similar pages -
Blogactionday2008 - Born into poverty
Poverty is the most devastating thing that can happen to a child. Visit my blog at and leave me a comm. - 63k - Cached - Similar pages -
Children born into poverty develop good business skills - The ...
Children born into poverty develop good business skills - Steve Mariotti taught public high school in Bedford-Stuyvesant in Broo : - 49k - Cached - Similar pages -
Rhapsody MP3 Music Downloads: Born In Poverty by Jimmy Dawkins
Buy & download legal Born In Poverty by Jimmy Dawkins MP3s from Rhapsody MP3 Music Downloads. - 80k - Cached - Similar pages -
Poverty News Blog: [US] Half of NYC children born in poverty
NEW YORK (NNPA)-The Mayor's Commission for Economic Opportunity has stated that 50 percent of the children born in New York City are born in poverty. ... - 22k - Cached - Similar pages -
Born Into Poverty : Blog Action Day 2008 | think maya
No, I was not born into poverty. How incredibly lucky. Blogactionday2008 - Born into poverty View SlideShare presentation or Upload your own. - 76k - Cached - Similar pages -
YouTube - Born Into Poverty
a visual poem with original music dealing with homelessness and the inequality that fosters it. - 59k - Cached - Similar pages -
What is Southern Soul Food? Born of Poverty but Cooked with Love ...
Soul food is generally associated with the African-American community, although soul food is a true gumbo of cultures and influences. - 37k - Cached - Similar pages -
PSI | US: Half of NYC children born in poverty
Fifty percent of the children born in New York City are born in poverty, according to the Mayor's Commission for Economic Opportunity. - 65k - Cached - Similar pages -
You have removed results from this search. Hide them

1 2 3 4 5 6 7 8 9 10 Next

Starvation - Wikipedia, the free encyclopedia
Starvation is a severe reduction in vitamin, nutrient, and energy intake, and is the most extreme form of malnutrition. In humans, prolonged starvation (in ... - 85k - Cached - Similar pages -
Resource starvation - Wikipedia, the free encyclopedia
23 Feb 2009 ... In computer science, starvation is a multitasking-related problem, where a process is perpetually denied necessary resources. ... - 24k - Cached - Similar pages -
14 Aug 2006 ... Complete starvation in adults leads to death within eight to 12 weeks. In the final stages of starvation, adult humans experience a variety ... - 53k - Cached - Similar pages -
Video results for starvation

Haiti, Starvation Mud Cookies
1 min 35 sec

4 min 7 sec

SURVIVAL: Episode 2 - Starvation
53 min - The Three Top Sins Of The Universe by Mark R. Elsis
Somewhere around 85% of these starvation deaths occur in children 5 years of age ... One person every 2 seconds needlessly dies from starvation, water borne ... - 51k - Cached - Similar pages -
India Together: Starvation in Orissa - 19 July 2008
19 Jul 2008 ... Several cases of starvation deaths have been reported in Orissa, especially in areas with high tribal populations. ... - 70k - Cached - Similar pages -
Starvation | India Environment Portal
Ghariyals in peril again, face starvation threat. TIMES NEWS NETWORK ... Starvation deaths and ‘primitive tribal groups’ ... - 36k - Cached - Similar pages -
Starvation rears its head in eastern India
12 Oct 2001 ... NEW DELHI: While government warehouses across the country brim with excess grain, a shocking spate of starvation deaths is a symptom of what ... - 8k - Cached - Similar pages -
News results for starvation
Couple whose baby died of starvation did not commit crime, sources - 27 Mar 2009

By STEPHEN THEN MIRI: The parents of the month-old baby boy who died from starvation when they forgot to feed him due to being too drunk will not be charged ...
Malaysia Star - 19 related articles »

'Starvation Lake' a tasty mystery - Detroit Free Press - 3 related articles »
$6M settlement for starved Everett boy - Seattle Times - 34 related articles »

Searches related to: starvation starvation in africa starvation diet deadlock malnutrition
imminent starvation starvation pictures serum starvation starvation death

You have removed results from this search. Hide them

1 2 3 4 5 6 7 8 9 10 Next

Sorted by relevance
Sort by date Sort by date with duplicates included
« View all web results for Born in Poverty
G20 demonstrators march in London
BBC News - ‎Mar 27, 2009‎
Tens of thousands of people have marched through London demanding action on poverty, climate change and jobs, ahead of next week's G20 summit. ...
35000 protest in London G20 march Sunday Herald
Gordon Brown: 'Sometimes a Crisis Forces Change' TIME
The G20 must reform its membership and oppose protectionism Taipei Times
Daily Mail
all 3,003 news articles »

Earthtimes (press release)
If God wishes, I'll intervene in Kandhamal: Sister Prema
Hindu - ‎Mar 27, 2009‎
I will work to eradicate poverty," said sister Prema, who was born Mechtilde Pierick in Reken, Westfalia, Germany. Her parents are now dead, but she has an ...
New head of Mother Teresa order to follow her footsteps AFP
New boss for Mother Teresa's Straits Times
all 86 news articles »
Opinion: Africa and “development assistance,” the way forward.
Joy Online - ‎4 hours ago‎
“Overcoming poverty is not a gesture of charity. It is an act of justice. It is the protection of a fundamental human right, the right to dignity and a ...
Bringing smiles on thousand faces
Merinews - ‎Mar 28, 2009‎
“Its just poverty and lack of awareness,” said he. He later added that clefts lead to both physical and psychological problems. They are not able to drink ...

Los Angeles Times
6 shots in a quiet East Oakland neighborhood
San Francisco Chronicle - ‎12 hours ago‎
The poverty, instability and related crime don't travel up the hill, except for the occasional house break-in. Sadly, the economic security and family ...
East Oakland pride next to hopeless violence San Francisco Chronicle
all 5 news articles »

ABC News
Madonna, in Malawi, refuses to talk about adoption
The Associated Press - ‎32 minutes ago‎
Madonna first traveled to Malawi in 2006 while doing charity work and filming a documentary on the devastating poverty and AIDS crisis there. ...
Madonna and another child from Malawi Independent
Despite resistance, Madonna files adoption papers in Malawi for Mercy New York Daily News
Madonna makes plans to adopt another orphan in Malawi
all 2,009 news articles »
Uganda and the development goals - ‎Mar 27, 2009‎
In theory, Uganda should not need the UN to draw up Millennium Development Goals (MDGs) to target poverty. The country appears to know fairly well what to ...
Commited snapper wins world award
Xinhua - ‎14 hours ago‎
Born in 1966 in Lianyungang City, Jiangsu Province, Chen has been fascinated by photography since he was 13 or 14 years old. Since 1999, he has undertaken a ...
The child-centric approach
Denver Post - ‎Mar 21, 2009‎
We can set and abide by a basic standard of human life most effectively by ensuring that humans are not born into poverty. If we do it now we can prevent ...
Foreign ways and war scars test Minneapolis clinic
Post-Bulletin - ‎18 hours ago‎
The new arrivals -- many fleeing repression, war, genocide or grinding poverty -- bring distinctive patterns of illness and injury and cultural beliefs ...
Stay up to date on these results:
Create an email alert for Born in Poverty
Add a custom section for Born in Poverty to Google News
Add a news gadget for Born in Poverty to your Google homepage

1 2 3 4 5 6 7 8 9 10 Next

Global Crisis and Its Impact on the Region: The Need for a New Growth Model

Also available in: Montenegrin

Jan-Peter Olters

World Bank Representative

Country Office Montenegro

IV COSAP Conference and 8th Cetinje Parliamentary Forum

Cetinje, Montenegro, March 27, 2009

Twenty years ago, it had appeared that the fall of the Berlin Wall marked the final nail in the coffin of (what Germans call) Staatsgläubigkeit, the confidence that the state could have a beneficial—and should have an active—role in economic matters. These were the days of the so-called Washington Consensus, with a political emphasis on stabilization, privatization, liberalization, and, not least, deregulation. The collapse of Lehman Brothers and the resultant financial turmoil nineteen years later seem to mark the end of Marktgläubigkeit, the belief in the wealth-creating power of, and the socio-economic benefits from, liberalization and deregulation. Who would have thought—just a few months ago—that international debates on the financial sector would center on supra-national financial-sector regulation and supervision, after rounds of nationalizations in countries as economically liberal as the US and the UK? More clearly than ever before do we see today that our principal challenges consist of having to redefine the interrelation of these two valuable, yet highly imperfect systems of coordinating human conduct, economic ambition, and social development—the market for private goods and the state for public ones, both systems with the potential to advance the lives of people and destroy the wealth of households, firms, and countries.

More than half a century ago, when dissecting The Great Crash of 1929, John Kenneth Galbraith—one of the great, for decades disregarded, economists who is celebrating an unexpected renaissance these days—identified five principal weaknesses explaining the severity of the fallout from the financial crisis on the real sector, culminating in the Great Depression, which weighed so heavily over the 1930s. These were (i) a high degree of income inequality; (ii) corporate greed in the context of weak financial reporting standards; (iii) excessive credit growth and insufficient banking supervision; (iv) excessive external imbalances; and (v) weak data and insufficient economic analysis.

This warrants a reflection deeper than can be provided in a short speech—including in Central and Eastern Europe, a region that appears harder hit by this crisis than many other parts of the world. From today’s perspective, there are indeed increasing indications that history might repeat itself. The IMF and World Bank have forecast negative growth rates for the world as a whole—for the first time in 60 years—, with economies of the euro zone and Russia (Montenegro’s main trading partners) expected to contract between 3 and 5 percent in 2009. In recent weeks, governments in Iceland, Latvia, Hungary, and the Czech Republic were forced to step down. In Europe alone, a considerable number of countries—Armenia, Belarus, Georgia, Hungary, Iceland, Latvia, Serbia, and the Ukraine—have already requested IMF support, and others are following suit. Trade is collapsing, large and prestigious companies everywhere are under threat of closure. Rising unemployment and increasing social unrest, as already seen in France, is feared throughout the continent.

With 1929 in mind, the US and most industrialized countries have adopted very large, deficit-financed fiscal stimulus packages, thereby paying tribute to another great, but equally disregarded economist: John Maynard Keynes. Assuming things go well and as intended, with confidence in economic prospects returning also to the banking sector, we should be able to see some life in at least some of the major economies by mid-year, entailing the potential that the mood changes and confidence improves more quickly than thought possible right now. In that case, the current crisis would be U-shaped, unfreezing liquidity and lifting economies, including those in the region, out of their current difficulties—by 2010 the latest.

However, if major economies remain lifeless by summer, the current policies will have largely proven blunt, without fiscal or monetary ammunition left to give it a second shot. If indeed the case, the crisis will be L-shaped—that is, severe and long drawn out. The immense difficulty in forecasting the crisis’ shape reflects the detachment of economic fundamentals from business sentiment, the almost complete collapse of confidence in and among financial institutions, resulting in the almost complete drying up of liquidity, in Montenegro as much as elsewhere. Once lost, confidence is, of course, the trickiest ingredient to restore.What does this all mean, including for Montenegro?

The short-hand answer is as sobering as the economic environment. Transition and post-transition countries in Central and Eastern Europe will need a new growth model—one that does not depend on foreign direct investments and external credits as the engine for growth. Growth will have to come from within, grounded on innovation and increased productivity. For those of us trained in the dismal science of economics, we will have to have a closer look at the endogenous growth theory. Beyond the mathematics and the equations, these models highlight the crucial importance given to the production of new technologies, to training and education—highlighting those areas, in which carefully designed policy measures can have the largest impact on the long-run growth rate of an economy. There is no one headline-grabbing policy that can achieve this, but a set of reforms improving the overall environment within which private-sector activities take place. These models, of course, did not exist when Galbraith derived the five aforementioned bottlenecks, which have led to the rapid deterioration in the overall economic situation and, ultimately, the Great Depression, but they circumvent a plethora of generally microeconomic policy measures that are required to define this new growth model.

These five fundamental conditions of “shock resistant” economies are as relevant today as they were 80 years ago. By now, of course, there is a robust body of academic literature that has placed a considerable emphasis on questions of social inclusion. Apart for reasons valid in themselves, this focus stems from experiences that social tension and large income inequalities result in lower rates of potential growth, weaken political cohesion, contribute to environmental degradation, and add considerable costs to societies in terms of foregone opportunities. To summarize related challenges into one sentence, this requires an educational system that offers opportunities to everyone, irrespective of his or her background, giving people the tools, once having graduated, to be able to contribute effectively to the greater good, within the public or private sectors. The government’s task of providing for an environment that permits the increase of overall productivity, both in terms of invested capital and employed labor, the focus will have to be on the instruments available to government—public institutions, laws, regulations, and mechanisms ensuring their rules-based application. Today, even more so than in the years before, it is paramount that attention is being paid to the quality aspects of public expenditure, to the careful definition of objectives and priorities, the strict adherence to highest standards during implementation, and the ex post assessment of whether, or to which degree, pre-specified goals could have been realized with the policies implemented. And that is where good data—the road map to policy-makers—enters this equation.

I know none of this sounds particularly exciting or novel. It is hard work in areas where benefits can be had only indirectly and often with a considerable delay. However, this region, in particular, will benefit from the fact that the obligations inherent in the European integration process, so eloquently discussed earlier in this morning, are fully consistent with—in fact, largely define—the development of this new growth model. Thus irrespective of the developments within the EU, or the time required to sort out the current institutional impasse, the continued focus on reforms strengthening public institutions, increasing the quality of the public goods provided, and ensuring the transparent and uniform application and judicial verification of rules and regulations promises considerable benefits—certainly economic ones.

With that I wish you the strength and determination to take the opportunity that is inherent in any crisis and build a Montenegro even more successful and better equipped to tackle the challenges ahead, whether the seas are calm or the waters are troubled.

Related News


EBRD, EIB and World Bank Group join forces to support Eastern Europe
Montenegro: Energy Efficiency Project
Montenegro: Land Administration and Management Project

Permanent URL for this page:

All News

Go to: MonthJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember Day12345678910111213141516171819202122232425262728293031 Year1995199619971998199920002001200220032004200520062007200820092010
Mar 27, 2009 Global Crisis and Its Impact on the Region: The Need for a New Growth Model Speech
Mar 27, 2009 President Gbagbo Praises World Bank for Support in Tackling Solid Waste Management Feature Story
Mar 27, 2009 Strengthening the supply chain and developing the market for Agro-sylvo-pastoral exports in Niger with World Bank assistance Press Release
Mar 27, 2009 Uganda CSOs Share Views on World Bank Support Feature Story
Mar 27, 2009 WB Uganda Office Launches Monthly Media Dialogue Series Feature Story
Mar 27, 2009 World Bank Supports Municipal Development in FYR Macedonia Press Release
Mar 26, 2009 Bamako Workshop Outlines Local Effects and Challenges of the Food and Fuel Crisis and the Global Slowdown Feature Story
Mar 26, 2009 Macedonia: Municipal Services Improvement Project Loan & Credit
Mar 26, 2009 Niger: Agro-Sylvo-Pastoral Exports and Markets Development Project Loan & Credit
Mar 26, 2009 Pakistan: Poverty Reduction and Economic Support Operation (PRESO) Loan & Credit
Mar 26, 2009 Tajikistan: Programmatic Development Policy Operation Loan & Credit
Mar 26, 2009 World Bank Assistance of $40 Million Gives Boost to Niger’s Private Sector Development Press Release
Mar 26, 2009 World Bank Launches Its Largest-Ever Bond Issuance Press Release
Mar 26, 2009 World Bank Provides US$500 million to Help Stabilize Pakistan’s Economy Press Release
Mar 26, 2009 World Bank Supports Tajikistan In Responding To The Global Economic Crisis Press Release
Mar 26, 2009 World Bank Vice President for Africa Makes Official Visit to Ghana; Announces Key Initiatives Feature Story
Mar 25, 2009 WB Support Grows for Brazil's Environment Feature Story
Mar 25, 2009 World Bank Prepared To Support Multilateral Financial Crisis Support Package For Romania Press Release
Mar 24, 2009 Afghanistan: Strengthening Health Activities for the Rural Poor Project (SHARP) Loan & Credit
Mar 24, 2009 Moldova: Social Investment Fund III Project [Additional Financing] Loan & Credit

« First 12345678910 Last »

Permanent URL for this page:

India Country Strategy 2009-12

Video | Press Release | Additional Lending |Country Strategy 2009-12 | Previous Country Strategy 2004-08 | Progress Report for Strategy 2004-08

The World Bank’s Country Strategy (CAS) for India for 2009-2012 focuses on helping the country to fast-track the development of much-needed infrastructure and to support the seven poorest states achieve higher standards of living for their people. The strategy envisages a total proposed lending program of US$14 billion, for the next three years, of which US$9.6 billion is from the International Bank for Reconstruction and Development (IBRD) and US$4.4 billion (SDR 2.982 billion equivalent at the current exchange rate) from the International Development Association (IDA).

Giovanna Prennushi, World Bank Economic Advisor talks about the key points of the India Strategy

The strategy is closely aligned with the Government of India’s own development priorities expressed in the Eleventh Five Year Plan. It was arrived at after a series of consultations with a broad range of stakeholders including the government and civil society. Under the strategy, the Bank will use lending, dialogue, analytical work, engagement with the private sector, and capacity building to help India achieve its goals.

Maintaining rapid and inclusive growth

Infrastructure: For India's rapid and sustained growth, major investments in power, transport, water, and urban development are needed. Inadequate power supply remains a critical constraint to growth; while GDP grew at an average of about 8% a year over the past five years, electricity generation only grew at an average of 4.9% per year. The national and state highway networks have not kept pace with the tremendous growth in demand for road transport: only about 30% of state highways are two-lane and more than 50% are in poor condition. Inadequate urban infrastructure is hampering the expansion of growth centers. While the Eleventh Plan foresees a major role for private sector involvement in infrastructure development through PPPs, these may not materialize to the extent hoped for in the aftermath of the global financial crisis. The Government of India has requested the World Bank to specially focus on infrastructure investment in its new strategy, including on strengthening the capacity of government agencies to design and manage public-private partnerships(PPPs).

Rachid Benmessaoud, Acting Country Director for India, talks about the importance of infrastructure for India's growth.

Skills: The shortage of skills is preventing large segments of the population from being part of India's growth story. Nearly 44% of India’s labor force is illiterate, only 17% of it has secondary schooling, and enrollment in higher education is just 11%. This compares unfavorably with, for example, China, where access to secondary education is almost universal and enrollment in higher education exceeds 20%. Moreover, the quality of most Indian graduates is poor and employers offer very little skills upgrading (16% of Indian manufacturers offer in-service training to their employees, compared to over 90% of Chinese firms). The informal sector employs over 90% of the workforce, but there is very little investment or opportunity for formal `skilling’ for informal workers and enterprises.

Agricultural Growth: Low agricultural productivity is keeping some 60 percent of India’s population behind. Shortages of basic rural infrastructure - from roads to electrification - are hindering the growth of off-farm activities. No doubt, agricultural growth has been faster over the past five years (4.7% per year)- facilitated by very good monsoons, greater production of high-value fruits, vegetables, and dairy products, an increase in the minimum support price for grains, and the sudden increase in global prices for agricultural products. But, sustaining this level of performance over the longer term will be difficult without addressing several policy and structural constraints, including a myriad of restrictions, subsidies, support prices, sector governance issues, as well as the tiny size of landholdings and years of underinvestment. The Indian Government has asked the World Bank to place special emphasis on agricultural development in its new strategy.

Making development sustainable
Most environmental indicators suggest that growth is extracting an increasing toll on the country's natural resources - water, land, forests, soils and biodiversity - and leaving a larger pollution footprint. India is highly vulnerable to climate change; cyclones, floods and droughts are happening with increasing frequency, and the Himalayan glaciers that feed India’s largest rivers show clear signs of retreat. Indeed, climate change will impact India first and foremost through its water resources. Rising temperatures will also affect agricultural yields, forests, and marine and coastal biodiversity. India will need to better manage these resources (particularly water) and reduce the burden that environmental degradation is imposing on the population, particularly on the most vulnerable groups.

Increasing the effectiveness of service delivery
While much progress has been made on primary school enrollment, improvements have been elusive in other sectors, particularly health. Although deaths from TB have fallen and polio cases have reduced dramatically in 2008, child malnutrition levels are worse than in Sub-Saharan Africa, despite large expenditures. No Indian city provides water 24/7, only half the population has access to safe drinking water, and less than a third has access to sanitation. Public services fall short largely because they have little or no accountability to the ultimate client, and outdated management systems are unable to provide the information needed for decision-making. These issues are particularly acute in centrally sponsored schemes which are designed and funded by the central government but implemented by the states and lower echelons of government. Given the importance of these schemes, systemic improvements in design and governance are crucial to get results from public spending. The Government of India has requested the World Bank to place special emphasis in its new strategy on centrally sponsored schemes that aim to achieve the MDGs. The Bank will focus on increasing accountability to citizens, decentralizing responsibilities, and enhancing private sector participation in the delivery of these services.

Strategies for states
Given India’s enormous size and diversity, the Bank will adopt different strategies for states depending on their needs, stages of development, and capacity for project implementation. Special strategies will also be adopted for the Northeastern and Himalayan states.

Low-income states
The new strategy devotes more resources to engaging with India’s seven low-income states - Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan, and Uttar Pradesh - which are home to more than half of India’s population. Here, the Bank will focus on poverty reduction and on achieving the Millennium Development Goals (MDGs). Intensive technical assistance will be provided to help these states develop their administrative capacity. Bank lending to these states will primarily be in the form of low-interest IDA credits as well as technical and advisory services.

Middle-income states
India's richest states already have incomes comparable to lower middle income countries, with incomes being some five times higher than those in the poorest states. This gap is higher than most other democratic societies.In these states, the Bank will provide support on two fronts: fighting poverty in their lagging regions, and addressing the complex challenges emerging from rapid growth. States such as Andhra Pradesh, Karnataka, Punjab, Tamil Nadu, Haryana, Gujarat, and Maharashtra will be helped to forge the institutions needed in a middle income economy. Cutting-edge analytical work and the best international expertise will be brought to bear upon complex problems where there are yet no clear solutions. Lending to these states will be in the form of competitively priced IBRD loans, with the International Finance Corporation (IFC) – the Bank’s private sector arm – providing support for private sector clients.

Engaging the Center
The World Bank will continue to assist the central government by providing comprehensive analytical work to underpin policy and institutional reform and to improve the implementation of central government projects on the ground. Under the Sarva Siksha Abhiyan (SSA) for example, while schools are now more accessible and gender parity has been reached, the focus will now be on improving the quality of education provided. In the power sector, the Bank will continue to support Powergrid, India’s national electricity transmission agency, which it has helped to grow into a world-class institution.

Key Studies
The World Bank will also support some key multi-year, cross-sectoral studies on important issues confronting policymakers, including poverty and exclusion, skills and job creation, low-carbon growth, the challenges of rapid urbanization, and the management and development of water resources.

Public Private Partnerships
The World Bank and IFC are collaborating to bring India cutting-edge expertise to deal with emerging issues in Public-Private Partnerships (PPPs), tailored to India’s needs. While this work has so far been the strongest in infrastructure - power transmission, roads, irrigation and rural infrastructure, urban development - it will now be extended to agribusiness, health and education, and renewable energy. The Bank and IFC are also working together on long-term finance: through the proposed India Infrastructure Finance Co. Ltd. Project (IIFCL).

Permanent URL for this page:

Contradictions in the World Banks India Country Assistance Strategy

Comment|Benny Kuruvilla|21 September 2004|update 42|url
The India Country Assistance Strategy (CAS) identifies the operations the World Bank intends to finance for the period 2005-08 and the rationale for these operations. The CAS is ambitious and comprehensive in its coverage; it intends to significantly influence reform in governance at the central and state level, on macro-economic issues as well as in key sectors such as energy, health, water, education, agriculture and trade as its basis for extending loans. On 7 August 2004, representatives of social movements, national alliances and civil society organisations met in New Delhi and issued a statement explicitly rejecting the Bank's strategy for India.

The Bank invited comments on the CAS for less than a month on its website. This was clearly insufficient for a public consultation as it excluded the vast majority of people and groups in India who do not have access to the internet. Moreover the CAS was incomplete; crucial annexes constituting important policy directives (for e.g. guidelines for lending and the private sector development strategy) were unavailable to the public.

The central thread of the document with respect to the power sector is the key role of privatisation and high investment; evident from the fact that the bulk of the Bank's initiatives are dealt with in the section 'promoting private sector led growth'. It is shocking that the Bank continues advocating privatisation as 'the policy option', when there have been serious demonstrated problems, in the Indian power sector. Limitations of the existing regulatory mechanisms to handle private sector actors and market forces, complexities created by the existing information asymmetry, imbalances in service costs to various classes of consumers, and the limited role and ability of civil society organizations to provide checks and balances to market forces need to be taken into account before privatisation attempts can be furthered.

The Bank's plans to offer investments in hydroelectric generation ignore important lessons from the past. With dam projects such as the Sardar Sarovar in the Narmada valley, infrastructure lending has a contentious history in India but the Bank has consistently refused to accept its responsibility for the unresolved social and environmental legacy of its dam projects. Incredulously the CAS claims that some major actors including the National Hydroelectric Power Corporation (NHPC) have started to "improve their environmental and social safeguards practices". By deciding to work with the NHPC the Bank aids an institution that is notorious for brutal displacement without resettlement, no guidelines for public hearing and poor environmental and social assessment. Violations have been reported from almost all the on-going hydro projects of NHPC - from Jammu and Kashmir to Arunachal Pradesh.

The Bank is appreciative of the recent reduction in average tariffs on agricultural products and advocates for the improvement in the legal framework to enable the easy sale and transfer of lands. The former has already resulted in the dumping of agricultural products, causing a free-fall in farm prices whereas the latter will erode the very livelihood base of India's small-hold and marginal farmers. Considered one of the prime causes of suicides by farmers, it is unimaginable to think of them as solutions to the problems of the agriculture sector. The CAS comes heavily against subsidies in any form and advocates strongly for full recovery of recurring cost of generating and distribution of electricity. Electricity is not just a tradable commodity for farmers. Along with water and farmgate price, it is one the three crucial elements for the sustenance of their occupation.

The Bank also seeks to increase its array of partnerships with local research and academic institutions in both developing its analytical work and disseminating important findings; re-shaped analytical and advisory activities (AAA) will actually promote its reform and private sector-led development paradigm trying to change the country's face of information gathering and dissemination mechanisms. The Bank aims to use its immense financial resources to produce its own version of 'knowledge'. The Bank's strategy here is not to stifle dissent as much as it is to neutralise it... it is more to "normalise" its view of the world and development issues.

The Bank through its reform programmes, knowledge activities and private sector dominated worldview will shape India's policy, economic and social environment. But the extent to which this is possible should be determined by India's democratic institutions. Civil society groups have mounted a campaign calling upon local governments, legislative assemblies and the Indian parliament to reject this document, as it is an affront to the social justice and democratic traditions of the Indian constitution.


Comment by Benny Kuruvilla of Focus on the Global South

We welcome submissions from representatives of Southern civil society organisations for the “comment” feature. If you are interested in contributing please contact
Related resources
Focus on the Global South Background|Focus on the Global South|21 September 2004|Website|URL
World Bank India page At Issue|Bretton Woods Project|17 September 2004|-|
Special coverage of the financial crisis, G20 summits, and moves towards a Bretton Woods II conference can now be found on our partner site:

“economic liberalisation as a priority”

G20 must look beyond the needs of the top 20 27 March

Reform is needed. Reform is in the air. We can't afford to fail 27 March

ICSID tribunal dismisses RSM Production Corporation�s claim against Grenada 26 March

Philippines public sector executives in World Bank mess face raps 26 March

IMF, World Bank still stuck in the past 26 March

Talks on new world reserve currency 'legitimate': IMF chief 26 March

IMF offers new tools for global downturn 25 March

China calls for new global currency 24 March

Latest video from
Pro Capitalists gather for G20 in London April 1st 2009 10 March

YouTube - Competitiveness: Creating a Mongolian Economic Strategy
Michael Porter, the father of the modern competiveness strategy, held a lecture "Competitiveness: Creating a ... India Country Strategy. 1611 views ... - 133k - Cached - Similar pages -
Sunday, March 22, 2009 HOME | IMAGES | VIDEOS | BLOGS | LIVE CHAT ...
The World Bank Group's new Country Strategy for India, discussed by the Institution's Board today, envisages a total proposed lending program of US$14 ... - 141k - Cached - Similar pages -
- The McKinsey Quarterly - business management strategy - Economic ...
India and China: Asia’s non-identical twins. A Country Reports Feature Article about business management strategy by The McKinsey Quarterly. - 193k - Cached - Similar pages -
Strategy Paper To Bring Audio Video-related Services Under Gatt On ...
“We will have to be ready with our strategy paper in the next six to eight ... India is the only country where conditional access is being mandated by the ... - 57k - Cached - Similar pages -
Obama's Strategy For Iran - CBS News Video
9 Feb 2009 ... We justify Israel''s right to have both, but condemn any other country who desires the same. Are you saying that Israel, Pakistan, India and ... - 61k - Cached - Similar pages -
Video: President Obama to invest $5bn in Pakistan as part of ...
27 Mar 2009 ... It's revolting that the USA, UK, Canada & a small country like Holland has borne ... Pakistan will use that money to attack INdia .ultimately the money will goes to ... There is nothing new in President Obama's strategy. ... - Similar pages -
RPT-Dell eyes Indian small firms, plots sales strategy | Reuters
O) is eyeing small firms as it looks to expand in the fast-growing Indian computer market and is working out a sales strategy for the country, ... - 58k - Cached - Similar pages -
Australia: A country in denial - Strategy - Business Management ...
In the real world, however, when a company decides on an outsourcing destination, India is usually on its radar. Whether a country is developed or not is ...,339028271,320283263,00.htm - 56k - Cached - Similar pages -
YouTube LLC's Strategy in India - Micro Case Studies - Marketing ...
7 May 2008 ... YouTube LLC's Strategy in India. Email Alerts | Invite a Friend ... With the launch of YouTube India, India became the 20th country in which ... - 14k - Cached - Similar pages -
Did you mean to search for: India Country strategy video

You have removed results from this search. Hide them

1 2 3 4 5 6 7 8 9 10 Next

Policy reboot
Daily News & Analysis - ‎3 hours ago‎
I am announcing a comprehensive, new strategy for Afghanistan and Pakistan" was the opening line of the much awaited Barack Obama speech on Friday. ...
BJP cautions against fresh US aid to Pakistan Hindu
Worldview: Signs of hope in Obama's Afghan plan Philadelphia Inquirer
India, Iran discuss Afghan situation Press Trust of India
BBC News - Economic Times
all 6,504 news articles »
Real estate for retail chains reflect blocked funds and inventory ...
Economic Times - ‎15 hours ago‎
Till October 2008 the real estate industry was a very booming industry in India. Also the high net worth of individual investors especially those involved ...

World News
Any takers for one man's army?
Daily News & Analysis - ‎20 hours ago‎
As in the virtues of having one prime minister to run a country and one editor a newspaper, I believe cricket (even T20) is best served by one captain. ...
Australian Grudge against Ganguly Newstrack India
all 339 news articles »

Business Standard
'Third Front is like a parking lot'
Business Standard - ‎20 hours ago‎
Bharat ko chalana koi bacchon ka khel nahin hai (governing a country like India is no child’s play). The leader has to tackle multi-dimensional problems, ...
Camera phones sales up amid slowdown
Economic Times - ‎Mar 28, 2009‎
"We are currently finalising the go-to-market strategy for this phone which will centre around the photography platform," a Nokia India spokeswoman said. ...

Hindu Business Line
JSW Steel: Hold
Hindu Business Line - ‎20 hours ago‎
The company plans to open another 50 outlets across the country and have a pan-India presence. The improvement in sales for JSW Steel in the ongoing March ...
Brand Advani: Perils Of Rebranding! - ‎21 hours ago‎
It was late eighties when one was witness to the growing surge of the 'biggest movement in independent India' led by the Sangh Parivar which ultimately ...
DLF's retail arm plans 500 luxury lifestyle stores
Business Standard - ‎Mar 27, 2009‎
D LF Brands, the retail management subsidiary of DLF, the country’s biggest developer, plans to open 500 stores selling luxury lifestyle labels in the next ...
Donna Karan to enter India with DLF Brands Times of India
DLF Brands to bring DKNY & Donna Karan New York to India Livemint
all 12 news articles »
'Outsourcing will be more widely accepted'
Hindu - ‎Mar 27, 2009‎
Going forward, the strategy for the Indian BPO industry would be to protect India’s cost advantage: to ensure that buyer interest, adoption and growth are ...
Testing time for IT Sify
all 3 news articles »
Luxury brands got India strategy wrong, says expert
Economic Times - ‎Mar 25, 2009‎
NEW DELHI: Global luxury brand owners who have set up shop in India to tap the growing affluent class seem to have gone wrong in estimating the break-even ...
Stay up to date on these results:
Create an email alert for India Country strategy
Add a custom section for India Country strategy to Google News
Add a news gadget for India Country strategy to your Google homepage

1 2 3 4 5 6 7 8 9 10 Next

Brisbane Times
Marchers call on G20 to take action on poverty
Radio Netherlands - ‎21 hours ago‎
... of the British capital London today, calling on G20 countries to develop a worldwide programme to combat poverty, unemployment and climate change. ...
100000 expected on London global poverty march Glasgow Daily Record
'Politics should be about people, not profit' BBC News
In photos: 'Britain G20 Protests' Monsters and - Daily News & Analysis
all 2,932 news articles »
Declining poverty ups UPA's re-election chances: Study
Economic Times - ‎Mar 27, 2009‎
While poverty has declined in 380 of the 543 Lok Sabha constituencies in the past five years, an analysis by the Economic & Political Weekly (EPW) shows ...
Africa’s poverty, global crisis have same root
The Punch - ‎4 hours ago‎
While other countries manufactured themselves into riches, we remain mired in poverty by consuming what they produce. We want more and more of what we can ...
Darling cannot afford to ignore child poverty - ‎15 hours ago‎
This month marks the 10th anniversary of the Labour government's pledge to eradicate child poverty. We have come a long way since, lifting 600000 children ...
The rise of 'poortainment'
Business Standard - ‎20 hours ago‎
Moreover, it is not politically correct to just ignore poverty. The solution is to put poverty in a zoo, and sanitise it, even romanticise it. ...
Welwyn Hatfield MP criticised for missing fuel poverty vote
Times 24 - ‎6 hours ago‎
WELWYN Hatfield MP Grant Shapps has been accused of failing to support a crucial bill aimed at stamping out fuel poverty. Lib Dem parliamentary candidate ...
Video: Thousands of Families Who Overcame Poverty Reach Out to ...
FOXBusiness - ‎Mar 27, 2009‎
"For more than six decades, Passing on the Gift has been a cornerstone of Heifer's mission to end hunger and fight poverty, and these ceremonies are a ...
Pass on the Gift of a Tax Refund and Change the World FOXBusiness
all 15 news articles »
Stay up to date on these results:
Create an email alert for Poverty
Add a custom section for Poverty to Google News
Add a news gadget for Poverty to your Google homepage

1 2 3 4 5 6 7 8 9 10 Next

Global water sector challenges are large in scale, diversity and ...
The News International - ‎17 hours ago‎
... including poverty and hunger eradication, water-related disaster reduction, health, agricultural and rural development, hydropower, food security, ...
The Second Shockwave Now Hits Developing World
The Epoch Times - ‎Mar 27, 2009‎
The greatest worry is that most of the gains achieved in eradicating poverty over the last decade or so will be wiped out, forcing tens or hundreds of ...
Human Rights Council concludes tenth regular session
ReliefWeb (press release) - ‎12 hours ago‎
On the right to food, the Council expresses its concern that women and girls are disproportionately affected by hunger, food insecurity and poverty; ...
Human Rights Council closes tenth session, extending mandate of ... ReliefWeb (press release)
all 2 news articles »

Women's eNews
Online Chat Spotlights Most-Ailing Millennium Goal
Women's eNews - ‎6 hours ago‎
Annie Raja is general secretary of the National Federation of Indian Women, which campaigns for issues such as food security. The target set by MDG 5 is to ...

Financial Standard
Napep and poverty eradication
Financial Standard - ‎Mar 17, 2009‎
Undoubtedly, the Senate is right in advising the Federal Government to reposition the country’s foreign policy focus and make food security the focal point. ...
Letters : A time for global action
Jakarta Post - ‎Mar 28, 2009‎
... food security, universal access to education, public health, human rights and the eradication of extreme poverty, and also suggest remedial actions. ...
Brazil, Chile and Caricom countries back FAO's proposal for a ...
TV 5 Monde (Communiqué de presse) - ‎Mar 23, 2009‎
At a meeting with Diouf on 7 March, President Bachelet indicated her support for the proposed World Summit of Heads of State and Government on Food Security ...
Do voters have different criteria for choosing candidate for Lk ...
Central Chronicle - ‎Mar 28, 2009‎
The issues may relate to defence of the country, fighting the menace of terrorism, eradication of poverty and fighting corruption at various levels. ...
Fight against famine, poverty are government priorities - minister
AngolaPress - ‎Mar 18, 2009‎
... and its partners actions towards the eradication of famine and reduction of poverty. The food security strategy considers food as a fundamental right to ...
Stay up to date on these results:
Create an email alert for Food Insecurity and poverty eradication
Add a custom section for Food Insecurity and poverty eradication to Google News
Add a news gadget for Food Insecurity and poverty eradication to your Google homepage

1 2 3 4 5 6 7 8 Next

Project list - Food Security
Poverty Eradication through Establishing Food Security for the Rural Hard-Core ... The project aims to reduce deep poverty and food insecurity for 80000 ... - 80k - Cached - Similar pages -
Community-led approaches to ending food insecurity and poverty M S ...
File Format: PDF/Adobe Acrobat - View as HTML
basic approach to poverty eradication has to be asset building and human development. ...... ending food insecurity at the level of each individual. ... - Similar pages -
by MS Swaminathan - 2000 - Cited by 4 - Related articles
RIS Discussion Papers
File Format: PDF/Adobe Acrobat - View as HTML
of the background note prepared for FAO Regional High-Level Roundtable on Eradication of Poverty and Food Insecurity, 23-24 February 2004, Bangkok. ... - Similar pages -
by S Chaturvedi - Related articles - All 3 versions
Agriculture, food security and poverty alleviation | GroundReport
The concept of food security is a new phenomenon in Nepal . ... As poverty eradication has been Nepal ’s sole strategy to uplift the social and economic ... - 41k - Cached - Similar pages -
PODIUM :: Food Security
Poverty is a major cause of food insecurity and sustainable progress in poverty eradication is critical to improve access to food. ... - 26k - Cached - Similar pages -
Local famines, global food insecurity
This indicates sustained high levels of food insecurity. ... But in the absence of successful poverty eradication, such measures do not affect the issues ... - 18k - Cached - Similar pages -
Maddox Jolie-Pitt Foundation Official Website | Agriculture ...
AGRICULTURE: POVERTY ERADICATION AND FOOD SECURITY. Based on current findings provided by the World Bank (and simple common sense), there is a close ... - 20k - Cached - Similar pages -
You have removed results from this search. Hide them


More Indices|Mkt. Statistics|D-St Preview

Forex Converter
Rs.ToUS Dollar CAN Dollar Chinese Yuan Euro HK Dollar Indonesian Rupiah Japanese Yen Korean Won Kuwaiti Dinar Malaysian Ringgit Russian Rouble Sing Dollar Swiss Franc UAE Dirham UK Pound

My Watchlist
My Portfolio

Listed below are top 10 NSE Gainers. Create your watchlist if you don't have one. Sign in if you have one.
Scrip CMP(Rs.) Chg%
Oriental Tri 6.4 + 20.8
Matrix Labs 141.4 + 20.0
HT Media 54.6 + 20.0
GeminiCommun 14.5 + 19.8
PSL 79.1 + 19.8
Sasken Commu 60.8 + 18.9
Jammu & Kash 292.9 + 18.4
Nuchem 5.7 + 16.3
CenturyExtru 2.9 + 16.0
JIK Inds 9.6 + 15.7

Stocks in News
IT stocks lag Sensex over weak demand
Lupin buys stake in Philippines firm
IL&FS Financial ups stake in Maytas
More >>

NRI Solutions New
Money Transfers
Health Care

Malaika Arora Khan walk the ramp. Click for more...
Day in Pics | More Pics | Photogallery
CEOtoons | Mar 28 in pics | IIM-A new complex

Videos More Videos >>

5 election controversies

IPL schedule unveiled

Inflation dips further

ET Cetera
Brangelina to adopt child from India?
Otis to 'negotiate' on other Gandhi items
Shilpa Shetty to marry Raj Kundra
More >>

Dr Pronab Sen, chief statistician & secretary, Ministry of Statistics & Programme Implementation

More >>

Diamond biz fall, plan layoffs
India's diamond biz shed 50% labour force as export dry with crisis crippling demand.
Prolonged job crisis in offing in 9-10: ILO
Newcomer can shake up performance
India Inc stops fresh hirings: Assocham
More >>

17 tigers dead in 11 weeks

Polar bears threatened
Birds endangered by energy

Count the stars for light pollution
US toxic pollution declined by 5%

More >>

ET Slide Shows
Shipshape phones
One can load various fitness trainer appl, as they come handy in your cellphone.
Safety tips to keep hackers away
Amid evolving net hacking techniques, learn ways to save your data and money.
Impact of crashing Inflation
A ready recknor on what inflation is and how it is computed.
More >>

ET Headline
Top execs at US cos take home $1 salary

29 Mar 2009, 2040 hrs IST, PTI

US cos posted huge losses except Google & profit margins declined in latest quarter, so senior execs take token salary of $1. Financial crisis I Competitive economies

Markets heading for smart recovery?
Top 10 cos add Rs 91,000 cr in a week; RIL leads pack
ET-Indicus: Peformance Report Card of MPs

Slideshows1405 hrs IST
Earth Hour effect
1216 hrs IST
IIM Ahmedabad new complex
1205 hrs IST
Lakme Fashion Week Day 2
1205 hrs IST
Robot 'Giant Torayan'
1204 hrs IST
Honda's New Activa scooter
1204 hrs IST
Strange and Unusual
1204 hrs IST
Brand Barbie @ Lakme Fashion Week
1204 hrs IST
The second worldwide Earth Hour
1203 hrs IST
Top 9 restaurant openings of 2009
1203 hrs IST
Tesla Model S: All-electric sedan
1202 hrs IST
The first tourist to visit space twice
1201 hrs IST
'405 Club': The club for the laid-off
No British Airways flight to Kolkata from March 30
29 Mar 2009, 2125 hrs IST, IANS

British Airways operating 3 fights a week from Kolkata to Heathrow Airport, decided to suspend operations as it found route unprofitable. Best Airports I Top 10 airports

Air India starts Delhi-Chicago daily flight
Cognizant, Pepsico in 50 best US cos: BusinessWeek
29 Mar 2009, 2030 hrs IST, PTI

IT major Cognizant ranked at 31st spot, while snacks and beverages firm Pepsico, which is at the 40th spot. 10 most admired cos I Biggest dealmakers

2009 will be make or break year for Lakshmi Mittal

All headlines >>News on your MobileLog on to

Know all about Nano!

Nano: A promise is a promise
Six years ago, Tatas spoke of offering a car at Rs 1 lakh, there was considerable level of disbelief but Tatas kept their promise.
Buyers can seek Nano loan from any bank | Making of Nano
Nano & Indica similarities | Nano Europa | Tatas' future roll call
More >>

News by Industry
Airlines ask airports to reduce charges
SBI hints at rate cuts in next fin year
SC dismisses Tata Tele's plea on VAT
No British Airways flight to Kolkata
Sectors: InfoTech| Telecom | Auto | Transport | Energy| Jobs | More >>
Personal Finance
LIC-Corp Bank to launch credit card
Tax benefits for global employees
Insurance renewals go up
Separate EPF kitty for expats
Why to buy Mutual funds
More >>

Markets News
Investor wealth swells by Rs 7 trn
NSE to offload MCX stake
MCX to revive IPO plans
Tata group stocks outshine Sensex
Top 10 auto & auto parts stocks
'India's growth to revive in 2010'
RIS pitches for $50b stimulus package
'Deflation not a threat to economy'
Industry for retail fin in auto sector
Govt for pay hike for CPSE officers

More >>
More >>

Apple's cool, Microsoft's cheap
Now, power your iPod while strolling
L&T starts due diligence to buy Satyam
New tech for Web start-ups rescue
Court rejects Rajus' bail pleas
International Business
Automakers need to do more: Obama
'US ready to aid auto restructuring'
'Be optimistic about economic future'
Citi to lay off 65 office cleaners
Over 121,000 Filipinos' jobs hit

More >>
More >>

Market Analysis
Mutual Funds
Real Estate

Where marketers put their money in 2008
Brokerages point to IFAs to get business
What's in store for DLF shareholders?
Investors lap up large-cap stocks
Sensex seen rising 14 per cent in 2009: Poll
More >>

Top 10 auto & auto parts stocks
Sunidhi Securities recommends ‘BUY’ on Yes Bank for TP Rs 60
Reliance Money upgrades Ranbaxy to ‘BUY’; target price Rs 189
Anand Rathi puts 'buy' on RCOM, target price Rs 260
HSBC cuts target price of L&T, cautious on FY10 outlook

Palash Biswas

Pl Read my blogs:

We wait Feedback from you. Please write to:
Please forwrd the LINK to all friends and aquaintances