Showing posts from March 30, 2014
Gazprom announces over 40% increase in price of gas exports to Ukraine

Russian energy giant Gazprom has announced a more than 40 percent increase in the price of gas exports to Ukraine, scrapping a previous discount amid mounting strains between the two countries. Gazprom chief executive Alexei Miller said in a statement today, the debt currently owed by Ukraine to Gazprom, amounts to 1.7 billion dollars.

The gas price rise by Gazprom although widely expected, is a new blow to the Ukrainian economy which needs an international rescue to stave off the risk of default. Europe currently receives about a third of its gas needs from Russia. While the current crisis has prompted new calls for a diversification of energy sources, there is little chance of this happening fast.
Afghanistan goes to the polls5042014 Afghanistan goes to the polls today to elect a new President and representatives to about 450 seats in the Provincial Council. Polling begins at 8 this morning and about 20 million voters are eligible to exercise their franchise. The eight candidates are in the fray for the President’s post.
They include two former Afghan Foreign Ministers – Abdullah Abdullah and Zalmai Rassoul, two former Finance Ministers – Ashraf Ghani Ahmadzai and Hidayat Amin Arsala, Islamist leader Abdul Rab Rassoul Sayyaf, former Governor Ghul Agha Sherza, former member of Afghan Parliament Daoud Sultanzoy and former Hizb-e-Islami leader Qutubuddin Hilal.

Afghanistan has closed down all crossing points with Pakistan to ensure smooth polling for Presidential elections. Pakistani military has deployed additional troops on the Afghan border since 20th of March to reinforce existing security arrangements.
Nominations for 117 Lok Sabha seats spread over 11 States and Union Territory of Puducherry to close today Apr 5,  8:31 AM

Today is the last day for filling of nominations for 117 Lok Sabha constituencies spread over 11 States and the lone seat in the Union Teritory of Puducherry.

The Lok Sabha seats are all 39 in Tamil Nadu, 6 each in Assam and West Bengal, 7 each in Bihar and Chhattisgarh, 19 in Maharashtara, 10 Madhya Pradesh, 12 Uttar Pradesh, 5 in Rajasthan, 4 in Jharkhand and one in Jammu and Kashmir.

Scrutiny will be held on Monday and 9th April in the last date for withdrawn of nominations in this 6th phase of Lok-Sabha elections. Polling will take place in all these constituently on 24th April.
isro India launches second navigation satellite IRNSS 1B
Updated on : 04-04-2014 06:55 PM India on Friday successfully launched its second navigational satellite IRNSS 1B onboard PSLV-C24 from this spaceport.

Indian Space Research Organisation's workhorse Polar Satellite Launch Vehicle PSLV-C24 placed the IRNSS IB in precise orbit about 19 minutes after a perfect lift-off at 5.14 pm from the Satish Dhawan Space Centre in Sriharikota.

"PSLV, in its 25th successive successful flight, injected IRNSS-1B very precisely. I thank the entire ISRO team that made this major milestone for the country, thus proving again that India's PSLV has a place of pride," a beaming ISRO Chairman K Radhakrishnan announced.

The 1,432 kg satellite would form part of the Indian Regional Navigation Satellite System (IRNSS), an equivalent to Global Positioning System of the US.

The IRNSS 1B is the second of the seven navigational satellite planned by India under the Rs 1,420 cro…

Demonstrators clash with riot police officers during a European trade union protest against austerity measures, in central Brussels April 4, 2014. (Reuters/Francois Lenoir)
Brussels police used tear gas and water cannon in clashes with protesters, as thousands gathered at a trade union rally against austerity. Violence in the area where many government offices are situated caused a lockdown at the US embassy.
Around 25,000 people, according to Brussels police spokeswoman, Ilse Van de Keere, marched against austerity and unemployment. They were faced with a heavy-handed police response.
Initially, the trade unions expected to see 40,000 demonstrators on the streets of Brussels.
Some demonstrators threw oranges and cobblestones at police. Violent clashes also took place near the US embassy.

Trade unions representatives from across the EU gathered in Brussels, following a call from the European Trade Unions Confederation (…
BJP and Cong both need to answer on Babri Masjid The sting operation conducted out by the Cobrapost on the Babri Masjid demolition, whose authenticity has not been questioned by the various outfits of the Sangh Parivar so far, raises very serious questions about the role played by the top BJP and Congress leadership of that time. The sting operation has confirmed the widespread belief that the demolition was a pre-planned conspiracy by the various affiliates of the Sangh Parivar and top BJP leadership had a direct role in the entire incident. It also nails the Congress, whose central government led by the then Prime Minister the late PV Narasimha Rao, was not only aware about the conspiracy to demolish the Mosque, but also appears to have helped the Sangh parivar in its nefarious designs by abetting the unpardonable crime.  It is shocking that even after more than two decades of the demolition, the trial against those who committed the crime and were a part of the conspiracy, has not be…
Employment in India increased by 14 million during the two year period 2010-20124042014 Employment in India increased by 14 million during the two year period 2010-2012, after a period of relative jobless growth. However, structural change in employment in the economy has gathered momentum since 2004-05 榮bsp;a shift away from agriculture to non-agricultural employment, which is growing fast. During 2000 to 2005, employment increased by 60 million, but unfortunately 22 million of it was in agriculture.  This was the opposite of what is expected with development.  Structural change in the economy means that people leave agriculture to take up non-agricultural jobs. But if agricultural employment is growing, productivity in agriculture is likely to be falling.  The increase in agricultural employment 2000-05 coincided with a period of stagnant rural wages, and one of the slowest agricultural output growth, and hence stagnant incomes.  Female employment increased substantially; however, i…
Kapil Kumar ahead by two shots on day two
Naman Dawar and Om Prakash Chouhan tied second
Coimbatore, April 3, 2014: Delhi golfer Kapil Kumar went ahead by two shots in round two of the PGTI Players Championship at Coimbatore Golf Club. Kapil followed up his course record 65 in round one with a three-under-69 on Thursday to move his total to 10-under-134. Delhi’s Naman Dawar and Om Prakash Chouhan of Mhow occupy joint second place at eight-under-136. Kapil Kumar (65-69), the overnight joint leader, who started from the 10th on Thursday, had a slow start to the day as he bogeyed the 11th. His first birdie of the day came on the 14th courtesy a 10-feet conversion. The 21-year-old then made two birdies and two bogeys over the next four holes to make the turn at even-par. Kapil had landed it within five feet for birdie on the 17th.
Kapil picked up pace on the front-nine as he converted an eight-feet birdie putt on the third and followed it up with an excellent tee shot on the fourth which left…

PSU Awards 2013 honors the best PSUs for their contribution to the Indian economy

PSU Awards 2013 honors the best PSUs for their contribution to the Indian economyPosted on April 3, 2014 by sagarmedia

April 3 2014, New Delhi: Dalal Street Investment Journal (DSIJ), India’s No.1 investment magazine, yesterday evening organized the PSU Awards 2013, to honor the Public Sector Undertakings (PSU) for their commendable performance. DSIJ has always had great regard for Indian PSUs and recognized their contribution to the Indian economy.
The DSIJ Group conferred 18 awards in various categories. Shri T K A Nair, Adviser to Prime Minister, India, was the Chief Guest and Guest of Honors was Dr. Pritam Singh, Director General International Management Institute, New Delhi. The event was streamed live at .
The 5th. DSIJ PSU AWARDS 2013  demonstrates the continuing faith of the Dalal Street Investment Journal in the Indian PSUs. This year witnessed some of the biggest names  in the PSU sector attending the event –

Sambasiva Rao tendered his resignation

Textiles Minister Kavuru Sambasiva Rao tendered his resignation
03.04.2014 09:45:43 – Textiles Minister Kavuru Sambasiva Rao on Thursday tendered his resignation to Prime Minister Manmohan Singh over the issue of division of Andhra Pradesh.
( – Textiles Minister Kavuru Sambasiva Rao on Thursday tendered his resignation to Prime Minister Manmohan Singh over the issue of division of Andhra Pradesh. “I cannot continue to be a member of the council of ministers against my conscience knowing that the Government has caused irreparable damage to the state of Andhra Pradesh,” Rao told Prime Minister in his resignation letter.
Rao, 63,

represents Eluru constituency of Andhra Pradesh in the Lok Sabha.
Elected to the lower house for the first time in 1984, he is serving his fifth term.
He has served in the state Congress and has been on several parliamentary panels in the past including the crucial public accounts committee.
Rao was upset over the division of Andhra…