ECONOMIC OUTLOOK: India can grow by 9 per cent through PPP: Pranab!

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IANS / ibnlive.in.com / Posted on Aug 21, 2011 at 10:07am IST.

Kolkata: Union Finance Minister Pranab Mukherjee has said India has the potential to achieve nine percent growth, provided public-private partnership (PPP) model was optimally utilised.

"There is no reason why we cannot achieve a nine percent growth rate. Half of the population is in the 20s, their productivity and employability can be increased drastically. With effective use of PPP, we can achieve the desired level of growth," Mukherjee said at an award function in Kolkata on Saturday night.

"We have the potential of achieving more if both inside and outside stakeholders work with common commitment," he added. The finance minister expressed satisfaction over the performance of the economy in the aftermath of the global meltdown.

"The Indian economy recorded just a brief pause during the global economic meltdown and since then it has recorded a steady growth of six percent."

Mukherjee said with India slated to be one of the top three economies in the next decade, huge infrastructural investment will be made.

"As per the recommendation of the Planning Commission, around $1 trillion would be invested in infrastructure which in turn will boost the economy."

He also expressed happiness over the performance of Indian exports.

Full Story at,

http://ibnlive.in.com/news/india-can-grow-by-9-pc-through-ppp-pranab/177361-7.html

WIKILEAKS: List of A/c. Holders, Nos. & Amounts in Swiss Banks!

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Black Money in Swiss banks mainly from India

Indian money from in Swiss banks any other nationality. We have proof regarding these names, amount, and name of bank which we got from Rudolf Elmer we have 2000 names in the two discs the major share is from India. The source of income is from project hedge, From illegal share in stock market, drug deal, fake project the depositsin Swiss bank was started from early 1970s. Major share of Indian black money routed from Pakistan. We published the link in rapid share server address is 88.80.16.63 on port 9999 (SSL enabled). The Indian government needs to be more aggressive in tracking the black money stashed in foreign banks since Indians depositing money in foreign banks is debasing the rupee. Otherwise Wikileaks will do the job.

Sl No. Name:         Amount [INR Crores]     Name of Bank                          Number of Accounts

1   Prabodh Mehta              28000                LGT bank of Leichenstein          2 Main (5 sub)

2  Cintan Gandhi                 1956                  LGT bank of Leichenstein          1 Main (3 sub)

3  Arun Mehta                    2500                  LGT bank of Leichenstein          1 Main

4  Ramdev Paswan             3500                  Union BankairePrivee UBP        1 Main

5  Neera Radiya                 289990              UBS                                           4 Main (13 sub)

6  Rajiv Gandhi                   198000              UBS                                          7 Main (25 sub)

7  Naresh Goyal                 145600               Bank CA St. Gallen AG            25 Main (3 sub)

8  M Karunanidhi Stalin      10500                 Alternative Bank ABS               10 Main (5 sub)

9  Manoj Dhupelia              9850                   LGT Bank of Leichestein           2 Main 95 sub)

10  A Raja                         7800                   Aareal Bank AG                        1 Main (3 sub)

11   Harash Mehta (D)       135800               UBS AG                                   13 sub

12  SS Palanimanickam      4800                   Rothschild Bank AG                  1 Main (4 sub)

13  Ketan Parikh                8200                   Bank COOP AG                      5 Main (2 sub)

14  Paban Singh Ghatowar 3908                   Bank aek Genossenschaft          2 Main (1 sub)

15  R Sports World            29800                Aargauische Kantonal Bank       5 Main (17 sub)

16  HD Kumaraswamy       14500                Bank Frei & Co. AG                 1 Main (25 sub)

17  CP Krishnan Nair         4520                  B I Di Investimenti                     1 Main

18  Laloo Prasad Yadav     29800                AKB P Bank, Zurich AG          2 Main (1 sub)

19  J M Scindia                  9000                  Bank EEK AG                          5 Main (3 sub)

20 Kalanidhi Maran            15000                Clariden Leu AG                       15 sub

21  Karunanidhi                  35000                Baloise Bank Soba                    8 Main (sub)

22  Sarath Pawar               28000                 Alternative Bank ABS               4 Main (7 sub)

23  Kalmadi                       5900                   UBS                                         4 Main (5 sub)

24  Chithambaram             32000                  Rothschild AG                          19 sub

25  Raj Foundation            189008               LGT Bank of Leichestein           1 Main (45 sub)

26  Urvashi Foundation      289745               LGT Bank of Leichestein           2 Main (95 sub)

27  Ambrunova Trust         17658                 LGT Bank of Leichestein           1 Main (13 sub)

28  Arun Kochar               15450                 LGT Bank of Leichestein           14 sub

29  Prabodh Mehta           1480                   LGT Bank of Leichestein           1 Main

From: Prathiba Sundaram <prathibasam@yahoo.com>

NOTE: I HAVE RECEIVED THE ABOVE INFO. VIA EMAIL AND DOWNLOADED FROM THE INTERNET; THIS DATA IS YET TO BE ASCERTAINED FURTHER WITH THE INFORMATION AVAILABLE WITH WIKILEAKS AND THE RELEVANT BANKS!


If everything mentioned above is true, then God save India, for the all powerful politicos and Corporates that are involved in this heinous stashing away of Indian, Ill-gotten Wealth hence, we can never hope to get back that money nor can we ever hope that we will be able to free India of this Gangrene of Corruption & Black Money!! 



Still as I am an optimist, I am trying my best to forward this information to the responsible media,  some respected leaders in opposition and some concerned fellow-citizens!!!

Full Story at,


http://heyindia.in/omg/indias-black-money-in-swiss-banks/


AND at,

http://khalistannewsblogspotcom.blogspot.com/2011/08/indian-account-holders-in-swiss-bank-29.html

INDIAN ECONOMY: Pranab sees positive side as oil prices fall!

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PTI / The Hindu / NEW DELHI, August 9, 2011.

Union Finance Minister Pranab Mukherjee has said that India’s economic fundamentals were strong and capable of meeting any challenge posed by the downgrade of the U.S. economy. File photo - The Hindu.

With all eyes on the global situation, Finance Minister Pranab Mukherjee on Tuesday said India’s macroeconomy was moving in a positive direction and hoped international commodity prices would decline, helping the government tame inflation and cut subsidies.

Mr. Mukherjee maintained that India’s economic fundamentals were strong and capable of meeting any challenge posed by the downgrade of the U.S. economy and the crisis in some Eurozone nations.

“I would like to emphasise that some of the investment banks have upgraded India to market weight, that means the basic fundamentals are strong and macroeconomy recovery is moving toward a positive direction,” he told reporters, referring to Monday’s Goldman Sachs report.

The Minister said the U.S. downgrade has created some problems for India, but the country could handle any situation arising out of international developments.

“The challenge is there, but we have the capabilities of facing these challenges,” Mr. Mukherjee said. “Collectively, with the efforts of all concerned, particularly with the cooperation of the RBI, we will be able to face the challenges,” he added.

Till the Indian Oil Prices too are reduced in tune with the falling Global Oil Prices, no positive impact on the Indian Commodities would happen and till such time no hope for Indian Economy!

Full Story at,

http://www.thehindu.com/business/Economy/article2339674.ece?homepage=true

Pakistan claims to have arrested Indian trying to enter Balochistan!

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Anita Joshua, The Hindu / ISLAMABAD, August 7, 2011.

Pakistani security forces claim to have caught an Indian trying to enter the country from the Chaman border post in Balochistan on Friday. A photograph of the man — said to be from Amritsar — was released to the media, though no official has been quoted by name in the news reports.

According to the unnamed officials quoted, the man entered Pakistan from the Friendship Gate at Chaman without proper travel documents. He is under interrogation and one newspaper report said that he began posing as a mad man on being nabbed.

The media reports also suggested that the ‘Indian national' could be a spy. Pakistan has always alleged an Indian hand in the unrest in Balochistan. Islamabad is also suspicious of the Indian presence in Afghanistan and the dominant narrative here claims that India has a number of facilitation centres along the Durand Line; purportedly to create trouble in Pakistan.

Full Story at,

http://www.thehindu.com/news/national/article2331395.ece

Strike impacts banking operations partially!

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Special Correspondent, The Hindu / NEW DELHI, August 5, 2011.

Employees of various banks hold placards as they stage a demonstration during a daylong strike, in Kolkata on Friday.

Banking operations were partially impacted throughout the country on Friday following a daylong strike by public sector and old private sector bank employees in protest against the proposed and ongoing reforms in the sector.

According to reports from various centres, particularly hard-hit were some of the eastern States such as West Bengal and Bihar, while the impact was partial in western States such as Gujarat and Maharashtra.

The strike, called by the United Forum of Bank Unions (UFBU), an umbrella forum of nine trade unions, was in protest against reforms which include dilution of government shareholding in public sector banks, increase in voting rights to shareholders and outsourcing of jobs.

Full Story at,

http://www.thehindu.com/business/Industry/article2328569.ece?homepage=true

NRI AFFAIRS: Australia-India council meet discusses students' mobility!

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Special Correspondent, The Hindu / NEW DELHI, August 1, 2011.

Union Minister for Human Resource Development Kapil Sibal (left) is seen along with Minister for Tertiary Education, Skills, Jobs and Workplace Relations, Australia, Senator Chris Evans, at a Joint Press Conference after the Meeting of Australia - India Education Council, in New Delhi on Monday. Photo: Shiv Kumar Pushpakar - The Hindu.

‘We must have certain parameters which are common to both the jurisdictions'

The first meeting of the Australia-India Education Council saw extensive discussion on mobility of students between the two nations.

Addressing a press conference here on Monday, Union Human Resource Development Minister Kapil Sibal said student mobility could be ensured only if there was assurance regarding quality of education and if qualifications were recognised. Terming mobility of students as key to any successful collaboration between the two countries, the Minister said the two sides agreed on a number of issues during the bilateral talks.

About the issues under discussion with the visiting Australian delegation, Mr. Sibal said: “A whole range of issues were discussed between the vice-chancellors to ensure that quality education is imparted in the university system to allow student mobility.”

The Australia-India Education Council was conceived in April 2008, and that dream has been realised today, the Minister said, adding that the interaction of vice-chancellors was going to be an annual event.

The delegation, led by Senator Chris Evans, comprised 15 vice-chancellors from different universities in Australia, including Premier of South Australia Mike Rann.

About the Indo-Australian collaboration, Mr. Sibal said: “Essentially, we are talking about collaboration in the field of education. We must have certain parameters which are common to both the jurisdictions (in India and Australia).”

“The other area where both countries are extremely keen to collaborate is in the area of vocation... In an aging population, countries will need young people with skills and quality to immigrate to those countries. India can provide as a center for such quality human resource,” he said.

Security concerns

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Full Story at,

http://www.thehindu.com/news/national/article2313786.ece

INDO-RUSSIAN TIES: Russia’s move to ease visa regime with India!

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Vladimir Radyuhin / The Hindu / MOSCOW, August 1, 2011.

The Russian government is moving to endorse a simpler visa regime with India in an effort to facilitate trade and business contacts between the two countries.

At its meeting on Tuesday chaired by Prime Minister Vladimir Putin, the Russian government will discuss a ratification bill for the Inter-Governmental Agreement between India and Russia on Simplification of Requirements for Mutual Travels of Certain Categories of Citizens, the government news agencyItar-Tass reported on Monday. The government is expected to send the pact to Parliament for ratification.

The agreement, signed in December 2010, will simplify the procedure for issuing six-month visas for 90-day visits by citizens of Russia and India who have valid passports, Itar-Tass said. It will also provide for issuing in some cases of five-year multiple visas.

“This will benefit travel between our two countries by businessmen and tourists,” Indian Ambassador to Russia, Ajai Malhotra said.

The Indian embassy last month cut from 14 to three working days the time visas are issued to Russians. The validity of visas has been increased from the earlier one-to-three months to six months, with triple or multiple entries being allowed, compared to a single or double entry earlier. Additionally, the embassy is now granting a one year multiple entry business visa instead of three or six months visa with a single/double entry.

Full Story at,

http://www.thehindu.com/news/national/article2313903.ece

INDIAN SLUT WALK: The Walk & the talk - Jayanthi Natarajan!

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Have you read, “Mayhem of the Miserables!” available @ http://www.smashwords.com/books/view/52075

• DC / July 4, 2011 
• By Jayanthi Natarajan.

I was not particularly astonished to find that the word “slut” does not have a male equivalent. In many languages other than English, there is no male word for “prostitute” or “widow”. Thus the entire debate over the “slut walk” is obviously centred on the rights and current disempowerment of women. As we are all now aware, a particularly stupid Canadian policeman Michael Sanguinetti told an outraged student audience in Osgoode Hall Law School, Toronto, that women in order to avoid being victimised should “avoid dressing like sluts”. And the outrage spread all over the world with women organising “slut walks” in order to “reclaim” the word.

The caveats I begin with are very simple. The first is that it passes my comprehension why anybody would even want to “reclaim” the word slut, with its unmistakably pejorative implication? Being called a slut is quite simply an insult and has little to do with the way you dress. It’s not quite the same as the universal pejorative “bastard” which is meant to abuse a particular person, but actually questions his parentage, but the import is similar. In my experience men (and some women) call a woman a slut for a variety of reasons motivated by jealousy, frustration, chauvinism, stupidity, or rather simply, a lack of imagination. Thus the stated objective of organising a “slut walk” to reclaim the word seems extremely counterproductive to me. However, other issues that arise out of this protest are far more basic and very important.

My second and less important rather trivial astonishment has to do with the fact that a stray comment made by chauvinistic Michael Sanguinetti should have reverberated around the world as if it were a precious pearl of wisdom, or on the other hand, the worst thing anybody has ever said about women. Millions of nasty remarks about women are made every second of the day, and it is amazing to me why this one has generated so much debate.

Full Story at,

http://www.deccanchronicle.com/editorial/dc-comment/walk-talk-458