Govt approves 10% stake sale in CIL, Hindustan Copper!
Troubled galaxy Detroyed Dreams-Chapter 499Palash Biswas
Govt approves 10% stake sale in CIL, Hindustan Copper!
12-year-old attempts to 'summon' Anderson as Anand Bazaar Defends Anderson!Bengali Brahaminical Hegemony and Scientific EXCLUSIVE self styled Mouthpiece Bengali Daily with single edition largest sale, the Flag Bearer leader of Pro Mamata Pro Market Pro Reforms, Pro Foreign Capital ANAND Bazaar Patrika has published yet another Stunning Edit today defending ANDERSON and dismissing the Demand of Justice and EXTRADITION of Anderson! Earlier,the PRINT Media face has emphasised minimum role of State, Civil Society Initiative, Sovereignty of Market and 100 percent FDI with a strong push for Economic Reforms and DISINVESTMENT. It supports Health Tour, Knowledge Economy and Privatisation of Services and at the same time DILUTES any opportunity or space for EXCLUDED Communities backing MILITARY Option and Zero Intolerance to sustain Manusmriti Corporate Zionist Apartheid RULE! Ironically Bengalies may NOT breathe in this UNIVERSE without Reading the Post Modern Manusmritiin Print!
The government on Tuesday approved disinvestment of 10 per cent equity each in mining companies Coal India Ltd and Hindustan Copper Ltd.
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs that was presided over by Prime Minister Manmohan Singh.
"Disinvestment of Coal India Ltd would be through book building process in the domestic market. One per cent of the equity will be offered to the employees of Coal India Ltd and its eight subsidiaries," Home Minister P Chidambaram told reporters after the CCEA meeting.
The Committee also decided to allow five per cent price concession to retail investors and employees of Coal India Ltd (CIL). The paid up equity capital of CIL is Rs 6,316.36 crore and the government owns 100 per cent stake in the coal major.
For the disinvestment of Hindustan Copper Ltd, there will be a fresh issue of equity to extent of 10 per cent of the pre-issued paid up capital.
"In conjunction with the issue of the equity, government will also disinvest its 10 per cent pre-issued paid up capital of the company (Hindustan Copper)," Chidambaram said. Coal India had been looking to launch its offering by August, although a government official recently told Reuters that a September listing was planned. The stake sales in Coal India and Hindustan Copper are part of a government plan to offload minority holdings in 60 state firms in coming years. The government aims to generate 400 billion rupees ($8.5 billion) via stake sales in state firms in this fiscal year, although persistently weak markets could make that a difficult target. |
Meanwhile, mocking the ANAND Attempt to prove UnionCarbide INNOCENCE,a 12-year-old Indian-American activist tried to issue summons for Warren Anderson, former chief of Union Carbide over the deadliest 1984 gas disaster in Bhopal.
"Today we are here to appeal to Warren Anderson and summon him to the Indian court where he has been charged with culpable homicide, which is the equivalent of manslaughter in America," Akash Viswanath Mehta said, standing outside a skyscraper on Park Avenue, which houses the law firm that represents Union Carbide.
Mehta, along with his older brother Gautama, 15, were asked to leave the premises by the building owners who said it was private property owned by H J Kalikow. The media was also not allowed to film on the property.
Akash who had the 1992 summons along with a criminal chargesheet in an envelope requested that the package be delivered to the legal offices of Kelly, Drye and Warren. The owners of the building responded that there was no one in the office and the activists should make an appointment or send the summons by post.
"Do you know they represent the CEO of a corporation that is absconding from justice in Bhopal India?" said Adrianne Raff Corwin, an activist from the International Campaign for Justice in Bhopal (ICJB).
"He is being charged with culpable homicide... they are protecting a man who is basically responsible for murdering thousands of people in India and he should be extradited from America," she added.
"It is not necessary for me to be able to understand you," responded the building representatives who refused to identify himself.
The protest was organised by ICJB and Kids for a Better Future based in New York. The two groups noted that their objective was to remind that Anderson was still absconding and needed to respond to the outstanding charges.
When the summon bearers were told to leave, Akash read out a statement to a handful of building owners and cops. By the end of the demonstration the number of police officers had increased from one to six.
"Twenty-five years ago Warren Anderson escaped arrest and his day in court. I would like today to appear to Warren Anderson's conscience, his guilt and his grief and ask him to stand beside me," Akash said.
"If he is truly haunted by the disaster that happened on his watch, which destroyed an entire community I ask him to come forward and make a moral statement about what the right thing is for Dow and Union Carbide to do", Akash added.
"According to American law the polluter must pay and so Dow the owner of Union Carbide must pay to clean up its mess" he said.
On the same day, another demonstration was organised outside the Indian embassy in Washington. "Because the Indian Prime Minister has not taken adequate action to ensure that these parties show up in court, activists are taking it into their own hands to provide summons," the activists said.
In India, seven managers of the subsidiary company Union Carbide Indian Limited (UCIL) were sentenced to two years in prison and fined Rs 2000. Its parent company Union Carbide maintained that it was not subject to the jurisdiction of the Bhopal court since none of its officials were involved in operation of the plant.
"Union Carbide and its officials are not subject to the jurisdiction of Indian court since they did not have any involvement in the operation of the plant," the company said in a statement.
Dow Chemicals, which bought Union Carbide in 1999, asserts that there is no outstanding liability since a 470-million-dollar out-of-court settlement was reached with the Indian Government in 1989.
The US has made it clear that it will not extradite him to stand trial in India.
"I don't expect this verdict to reopen any new inquiries or anything like that. On the contrary, we hope that this is going to help to bring closure," said Robert Blake US assistant secretary of state for South Asia, last week after the sentencing.
The activists also called for the Obama administration to reverse its position that extraditing Anderson would have a chilling impact of investment in India.
"If they're refusing to extradite an American CEO to India, then British Petroleum (BP) and the government of the UK can refuse to cooperate when that case comes up for trial," Robert Mooney, a ICJB supporter and anthropology professor at New York University.
Mooney was referring to the BP oil spill in the Gulf of Mexico, which has been coined as one of the worst environmental disasters. "I'm sure the American public won't stand for that, why should Bhopal survivors get any less," he said.
"That is one of the biggest tragedies, even though its the worst industrial disaster in human history because it's in the poorer country it is virtually unknown," said Akash.
"No-one really knows about it. It appears in the news for a week or so when it happened and then people just forgot about it."
"I have been teaching at New York University since 2002 and each year there is dwindling awareness among my new students because they've never heard of it because they were born after it happened" said Mooney. "But the disaster is still ongoing so they should know about it."
US, India to hold high level talks next week
Washington Close on the heels of a highly successful Indo-US Strategic Dialogue early this month, as many as five Union Ministers are scheduled to visit US next week to hold series of talks with their American counterparts."The visit of the five ministers, following closely on the inaugural meeting of the US-India Strategic Dialogue in Washington, underscores the energy and enthusiasm both sides attach to continuing our efforts to strengthen the US-India partnership across a wide range of sectors," State Department spokesman, P J Crowley said.
The US is hosting a high-level delegation of Indian ministers for a series of meetings at the end of this month,
he said, adding that these are follow up to the Indo-US Strategic Dialogue early this month, which were co-chaired by the External Affairs Minister, S M Krishna and Secretary of State, Hillary Clinton.
"Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, Finance Minister Pranab Mukherjee and Commerce Minister Anand Sharma will be attending the US-India CEO Forum on June 22," Crowley said.
"Union Minister for Health and Family Welfare, Ghulam Nabi Azad will be in Washington and Atlanta from June 23 to 25 for the US-India Health Dialogue," Crowley said.
Minister of State for Science and Technology, Prithviraj Chavan is scheduled to be in Washington on June 24 and 25 for the US-India Science and Technology Forum," Crowley said.
India Inc warns on RBI's knee-jerk reaction
The government's top economic managers on Monday dropped strong hints that the Reserve Bank may raise key policy rates to check spiraling inflation , even as the India Inc said the central bank must desist from any knee-jerk moves.The RBI—is slated to announce its quarterly review of the annual monetary policy on July 27—may effect a 0.25% hike each in its repo and reverse repo rates overnight lending and borrowing rates) well before the policy, experts said.
According to Bank of Baroda chief economist Rupa Rege Nitsure, "Inflation is not coming down structurally and demand for foodgrain is growing substantially. I feel that RBI will have to raise rates by 25 bps even before the policy."
There are expectations that the RBI—in the face of tight liquidity conditions owing to 3G auction and advance tax outgo—may resort to hiking only the reverse repo rates and may leave the repo unchanged until cash flows ease in the system. "Yes, we do see possibilities (of pre-policy rate hike). Inflation being where it is, there is a chance of rate hike before the policy." Ashutosh Datar, an economist with IIFL, said.
Tight liquidity conditions have already pushed up the short-term rates while on the other side, banks have also indicated that lending rates in the system will move northward on another round of rate hike from the RBI.
Meanwhile, leading business chambers, who are divided over their outlook for inflation, however, want the Reserve Bank to maintain adequate liquidity to oil growth.
Ficci secretary-general Amit Mitra said, "this is possibly the worst phase of inflation...It is the lean season as far as agricultural supplies are concerned. Once the new crop comes into the market, we can expect inflation in primary articles to come down."
However, Assocham secretary DS Rawat said the common man will face further hardships. "In the first half of the year, inflation will surely go up further due to rising input costs. We will not be surprised, if it increases to 13-14%," he said.
Driven by spiralling prices of essential items, the inflation, measured by the wholesale price index surged to 10.16% in May, the highest in the past 19 months.
Mitra, a well-known economist, noticed a disturbing trend of the spiral in the manufacturing sector as well. "Another emerging source of worry is the build-up of inflation in certain segments of the manufacturing sector," he said, adding the central bank should not use policy tools to cool off demand as he feels the problem lies with the supply side.
Dow liable for clean-up: Law Ministry
NDTV reports:
A law ministry note in 2008 clearly said that Dow Chemicals is liable for cleaning up the toxic Bhopal site. Despite this, Dow Chemicals claimed that the Indian government gave it an assurance that it is not liable for the clean-up.
The law ministry note says:
"The ministry of law... has observed that irrespective of the manner in which UCC has merged or has been acquired by Dow Chemicals, if there is any legal liability, it would have to be borne by Dow Chemicals."
However, Dow spokesman Scot Wheeler told NDTV on Sunday that Dow Chemical has never had any presence in Bhopal nor does the company have responsibility for any liability relating to Bhopal.
Wheeler says Dow has sympathy for the victims and the solution to their problem was in the hands of the Indian central and state governments.
He also said that when Dow acquired the shares of Union Carbide Corporation in 2001, it was with the understanding that Union Carbide had settled its civil liability with the Indian Government.
Warren Anderson getaway: The Delhi stopover
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- Dow liable for clean-up: Law Ministry
- Modi fires Bhopal salvo at Sonia, Cong rushes to shield her
- Modi attacks Sonia for "silence" on Bhopal gas verdict
- It was Arjun Singh's decision to send Anderson out of Bhopal: Pranab
- Dow to NDTV on no Bhopal liability
- Bhopal disaster: Could it have been averted?
Read more at:
Read more at: http://www.ndtv.com/news/india/warren-anderson-getaway-the-delhi-stopover-31650.php?cp
Bhopal tragedy : Complaint filed against Arjun Singh | |||
2010-06-15 11:50:00 | |||
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Manmohan asks Bhopal GoM to report to cabinet in 10 daysHindustan Times - 52 minutes ago A complaint has been filed in a local court in Bhopal for registration of a criminal case against former Madhya Pradesh Chief Minister Arjun Singh for allegedly releasing the then Union Carbide chief Warren Anderson in a wrong manner after the 1984 ... Bhopal tragedy : Complaint filed against Arjun SinghSify - 10 minutes ago A complaint has been registered against veteran Congress leader and former Madhya Pradesh Chief Minister Arjun Singh over his alleged role in the release of former Union Carbide Chairman Warren Anderson, the prime accused in the 1984 Bhopal Gas Tragedy ... 12-year-old attempts to 'summon' AndersonNDTV.com - 3 hours ago PTI, Updated: June 15, 2010 08:49 IST, New York A 12-year-old Indian-American activist tried to issue summons for Warren Anderson, former chief of Union Carbide over the deadliest 1984 gas disaster in Bhopal. "Today we are here to appeal to Warren ... Fight for Bhopal victims reaches the USIBNLive.com - 3 hours ago New York: After India, the fight to get justice for Bhopal victims has reached the US as activists try to build public awareness about the industrial disaster. They are demanding the extradition of former Union Carbide chief Warren Anderson to India ... Indians in US protest Bhopal tragedy verdictIndia Today - 30 minutes ago A group of Indians in the US has slammed successive governments in India for their failure in ensuring justice to the Bhopal gas tragedy victims. Comparing India's soft approach to Union Carbide Corporation-the culprit in the world's biggest industrial ... Anderson's escape: Complaints filed against ArjunOneindia - 1 hour ago Bhopal, Jun 15: Bhopal Gas Victims Forum registered private complaint against former Madhya Pradesh CM Arjun Singh for allegedly releasing Warren Anderson, in a local court for registration of a criminal case on Tuesday, Jun 15. ... Bhopal gas victims activists approach Obama for 'justice'Hindustan Times - 9 hours ago Survivors of the 1984 Bhopal gas tragedy, the world's worst industrial disaster, and human rights activists on Monday appealed to US President Barack Obama for "real justice" in the case and drew his attention to his tough stand on "corporate ... Bhopal vs BP paradoxFinancial Times - - 32 minutes ago I was there in Bhopal on December 7,1984, when Warren Anderson, then the chairman of Union Carbide, was whisked away from the stricken city to Delhi and back to the US – and we all knew that it was happening with the help of Rajiv ... Indian-American activists protestOneindia - 2 hours ago Washington, Jun 15: A group of Bhopal activists in America protested a demonstration outside the Indian Embassy in United States, pleading the Indian Prime Minister Manmohan Singh to provide justice to the Bhopal gas tragedy victims and extradite the ... Reveal what transpired between Anderson, Rao: NehruIBNLive.com - 11 hours ago Arun Nehru, who was a member of the Rajiv Gandhi Cabinet at the time of the Bhopal gas tragedy, says the government must make clear who all accompanied Union Carbide chief Warren Anderson to the then Home Minister PV Narsimha Rao and President Gyani ... | Timeline of articlesNumber of sources covering this story
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12-year-old attempts to 'summon' AndersonNDTV.com - 3 hours ago "According to American law the polluter must pay and so Dow the owner of Union Carbide must pay to clean up its mess" he said. On the same day, ... Manmohan asks Bhopal GoM to report to cabinet in 10 days Hindustan Times Union Carbide, others to appeal against verdict Business Standard Gujarat Congress corners BJP over Dow-GACL tie-upSify - 2 hours ago Reacting to BJP leaders campaign against P Chidambaram and Kamal Nath for favouring Dow Chemicals, the company that currently owns Union Carbide, ... Cong hits back at Modi for mega deal with Dow Times of India Congress says Bihar 'ignominy' behind Modi's attack on Sonia Indian Express PM seeks Bhopal GoM report in 10 daysTimes of India - 10 hours ago At present, the government has slapped a notice of Rs 100 crore against Dow Chemicals, the US multinational that bought over Union Carbide, ... GoM must come out with details: BJP The Hindu GoM on Bhopal to meet on June 18 Hindustan Times Upset Sonia Gandhi forces 18th group of ministers meet on Bhopal Daily News & Analysis Did Emergency allow Carbide to produce MIC in India?The Hindu - - 10 hours ago Did the Emergency allow the Indira Gandhi government to ignore the concerns of Industry Ministry officials in allowing Union Carbide to produce methyl ... Mumbai's rail fatalities tops Bhopal gas disasterEconomic Times - Jun 12, 2010 An outpouring of anger and passion has greeted the conviction of seven former Union Carbide officials for negligence in the Bhopal gas disaster. ... Who will clean up Bhopal mess? NDTV.com Carbide's Anderson not too old to stand trial Times of India Spotlight on judges who ruled in favour of Union CarbideDaily News & Analysis - - Jun 9, 2010 So, when justices RS Pathak, AM Ahmadi and Ranganath Misra, who presided over courts that ruled in favour of Union Carbide India Limited (UCIL), ... Govt, Union Carbide made devil's pact: activists IBNLive.com Bhopal gas case verdict: Justice delayed, denied Times of India Ahmadi diluted charge: MoilyHindustan Times - Jun 13, 2010 In Kolkata, Finance Minister Pranab Mukherjee said India was trying for the extradition of former Union Carbide chairman Warren Anderson. ... Bhopal tragedy: Moily takes on judiciary IBNLive.com Too late to reopen Bhopal tragedy case Express Buzz More than 25 years later, Bhopal still drinking poisoned waterNDTV.com - 4 hours ago Of the 35000 people living in the immediate vicinity of the Union Carbide plant, almost 70 per cent live on this dangerous water, consuming the poison daily ... Ssangyong due diligence started: Anand MahindraTimes of India - 9 hours ago Breaking his silence on the Union Carbide case court judgment, where his uncle Keshub Mahindra has been indicted, Anand Mahindra said, "This is a very ... Union Carbide paid Rs 3 cr to Arjun Singh, claims TogadiaExpressindia.com - Jun 12, 2010 Jabalpur Dubbing as "traitors" those behind the release of then Union Carbide chief Warren Anderson after the Bhopal gas disaster in 1984, the VHP today ... Praveen Togadia describes those who helped Anderson's exit as 'traitors' Daily News & Analysis Togadia plays communal card against city top cop Times of India Email this story MP govt had vouched for Carbide plant's safetyPress Trust of India - 14 hours ago Bhopal, Jun 14 (PTI) The Madhya Pradesh government led by Arjun Singh had vouched for the safety measures at the Union Carbide factory, nearly two years ... CPI (M) demands independent probe into Bhopal Gas tragedy controversySify - Jun 12, 2010 It has to be done independently, to ascertain how a person who's charged in a case, wanted in a case is allowed to leave the country and how Union Carbide ... Where only the paranoid survive Hindustan Times Karat demands scrapping of Nuclear Liability Bill Business Standard Bhopal verdict: Govt reconstitutes Group of MinistersNDTV.com - Jun 9, 2010 On Monday, a Bhopal court found eight executives of Union Carbide India guilty of criminal negligence. Seven of them were sentenced to two years in prison; ... Indian State to Challenge Bhopal Verdict Voice of America Past crises hint at whether BP can pass its testThe Associated Press - - Jun 13, 2010 _ Union Carbide's toxic gas leak in Bhopal, India, in 1984 THE CRISIS: At least 10000 people died and more than 555000 others reported health problems from ... CBI accepts prosecution was not good in Bhopal gas caseHindustan Times - Jun 13, 2010 Finance Minister Pranab Mukherjee joined senior Congress leaders in putting the onus of Union Carbide chairman Warren Anderson’s easy exit from India in ... Email this story CPI (ML) blames Cong for Anderson's releaseTimes of India - Jun 13, 2010 ALLAHABAD: CPI (ML) New Democracy party on Sunday criticised the Congress party for release of Union Carbide CEO Anderson. Party secretary Ashish Mital ... Ramalinga Raju unlikely to stand trial anytime soonDaily News & Analysis - Jun 13, 2010 Hyderabad: Even as the vicarious liability of Warren Anderson, former CEO of Union Carbide, is being debated, the prime accused in the biggest-ever ... 'No govt pressure on CBI to drop case against Warren'Times of India - Jun 9, 2010 HYDERABAD: Former CBI director K Vijayarama Rao on Wednesday denied that there was any pressure on the probe agency to drop cases against Union Carbide ... US rejected India's requests, says MEA Express Buzz No govt pressure in Bhopal case: ex-CBI director IBNLive.com Ahluwalia confirms Tata offer to contain Bhopal gas leak damageSify - Jun 12, 2010 Earlier, the Congress party has denied any involvement of the Central Government in allowing former Union Carbide chief Warren Anderson leaving the country ... New GoM to look at clean-up rejected earlier Times of India GoM may look into enhancing relief Economic Times 26 yrs on, some hope for victims? Times Now.tv Villupuram blast: Swamy blames pro-LTTE groupsExpress Buzz - 4 hours ago Swamy lashed out at the Congress, saying it was trying to pin the blame on former Madhya Pradesh CM Arjun Singh for letting the then Union Carbide Chairman ... Tech transfer between Dow-Reliance expedited to please Dow?The Hindu - - Jun 13, 2010 The agreement was cancelled after IOC found that the technology, claimed by Dow as its own, was still a Union Carbide patent. UNIPOL, the technology to be ... He will speak when time is right, says daughterHindustan Times - Jun 12, 2010 Arjun Singh's daughter said on Saturday her father would reveal at an opportune moment the truth about Union Carbide chief Warren Anderson's escape from law ... Chautala sees possibility of mid-term Lok Sabha polls Press Trust of India Email this story Allowing Anderson to leave country improper: Kerala CMPress Trust of India - 19 hours ago The senior CPI-M leader said allowing the then Union Carbide Corporation chief to leave India and not arresting him in the case was not correct. ... Kerala CM flays 'use-and-throw culture' Mangalorean.com Kerala CM criticises UPA policies at Centre Deccan Chronicle Email this story Bhopal tragedy: Keshub Mahindra plans to appeal the verdictNDTV.com - Jun 10, 2010 After being one of the eight to be held guilty in the Bhopal Gas case and subsequently senetced to two years in prison, ex-Union Carbide India chairman ... MCA mulls if action can be taken against Keshub Mahindra Indian Express Govt looks at banning Mahindra from boards of companies Press Trust of India Mail Today Bureau India Today Bhopal verdict a sham; more rehabilitation needed: BartholomewHindustan Times - Jun 12, 2010 Seven people, including former Union Carbide India Chairman Keshub Mahindra, were sentenced to two years imprisonment each by a Bhopal court in the case. ... Anand Mahindra capable of replacing Keshub FV Current Waves 'Anand Mahindra capable of taking charge after Keshub' Press Trust of India The tragedy that was Indian Express Human rights activists from India write to ObamaThe Hindu - - 15 hours ago Pointing out the lack of accountability displayed by Union Carbide and now Dow, the letter demands that Mr. Obama should allow judicial processes to fix ... Centre had no role in incidents post-Bhopal tragedy: Sachin PilotDaily News & Analysis - Jun 12, 2010 When asked whether he meant that the then state government was responsible for the safe release of chairman of the Union Carbide Warren Anderson, ... All panchayats will be linked with broadband by 2012: Pilot Hindustan Times India has become advanced nation in mobile market: Pilot Central Chronicle Email this story The Bhopal stenchDeccan Herald - - 11 hours ago Keswani, then a small-time journalist in Bhopal, was among the first to alert the nation to the looming tragedy of the ill-maintained Union Carbide ... 'Anderson could leave on Centre's signal'Daily Pioneer - 14 hours ago PTI | Bhopal Former Madhya Pradesh Chief Minister Sunderlal Patwa on Monday claimed that then Union Carbide CEO Warren Anderson could leave the city only ... Bhopal Gas Tragedy verdict unsatisfactory: Jairam RameshSify - Jun 8, 2010 The National Green Tribunal will be based in Bhopal, so the city's association with Union Carbide is diminished," said Ramesh. The Tribunal is a judicial ... Bhopal verdict very unsatisfactory, says Jairam Ramesh Hindustan Times Green Tribunal to victims of Bhopal gas tragedy to ensure speedy relief Samachar Today (blog) Bhopal verdict very unsatisfactory, says Ramesh Press Trust of India Stay up to date on these results: |
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Bhopal tragedy : Complaint filed against Arjun SinghSify - 12 minutes ago A complaint has been registered against veteran Congress leader and former Madhya Pradesh Chief Minister Arjun Singh over his alleged role in the release of ... Bhopal vs BP paradoxFinancial Times - - 33 minutes ago I was there in Bhopal on December 7,1984, when Warren Anderson, then the chairman of Union Carbide, was whisked away from the stricken city ... Arjun Singh avoids media, but meets party leadersHindustan Times - 54 minutes ago A complaint has been filed in a local court in Bhopal for registration of a criminal case against former Madhya Pradesh Chief Minister Arjun Singh for ... Anderson's escape: Complaints filed against ArjunOneindia - 1 hour ago Bhopal, Jun 15: Bhopal Gas Victims Forum registered private complaint against former Madhya Pradesh CM Arjun Singh for allegedly releasing Warren Anderson, ... Indian-American activists protestOneindia - 2 hours ago Washington, Jun 15: A group of Bhopal activists in America protested a demonstration outside the Indian Embassy in United States, pleading the Indian Prime ... Fight for Bhopal victims reaches the USIBNLive.com - 3 hours ago New York: After India, the fight to get justice for Bhopal victims has reached the US as activists try to build public awareness about the industrial ... 12-year-old attempts to 'summon' AndersonNDTV.com - 3 hours ago PTI, Updated: June 15, 2010 08:49 IST, New York A 12-year-old Indian-American activist tried to issue summons for Warren Anderson, former chief of Union ... Nowhere to hideIndian Express - 8 hours ago The Bhopal disaster and its long aftermath has been a miasma of misinformation and rumour. Once again, the fate of Warren Anderson has become the focal ... US child activists launch Bhopal appealAFP - 9 hours ago NEW YORK — US child activists made an impassioned plea Monday for the 90-year-old former boss of Union Carbide to help victims of the deadliest ever ... Bhopal gas victims activists approach Obama for 'justice'Hindustan Times - 9 hours ago Survivors of the 1984 Bhopal gas tragedy, the world's worst industrial disaster, and human rights activists on Monday appealed to US President Barack Obama ... | Timeline of articlesNumber of sources covering this story
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Inflation in double-digit, opposition demands PM spell out steps to contain pricesEconomic Times - 7 hours ago NEW DELHI: Just two weeks after Prime Minister Manmohan Singh assured that inflation would be down by December, the inflation rate breached the double-digit ... Stop GDP growth talk, control inflation: BJP to PMSify - 15 hours ago Expressing concern over India's annual inflation that touched double digits at 10.16 percent in May, the Bharatiya Janata Party (BJP) Monday asked Prime ... PM should talk about curbing inflation: BJPRediff - 16 hours ago As inflation surged to double digits, the Bharatiya Janata Party [ Images ] demanded that Prime Minister Manmohan Singh [ Images ] should rein in spiralling ...
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India and US to hold talks next weekOneindia - 1 hour ago Washington, Jun 15: Five Union Ministers are expected to visit United States next week, to hold a conference with the US counterparts after the highly ... Peace talks in ShimlaDAWN.com - - 2 hours ago A view from a part of the Kabul city is seen during a sunset in Kabul, Afghanistan on Monday, June 14, 2010. - AP Photo I write this from ... India calls for 'creative solutions' to Kashmir issueDaily Times - - 7 hours ago NEW DELHI: India has called for using "creative solutions" to settle the Kashmir problem, at the same time urging Pakistan to "shed its ... India, Pak must build on Composite Dialogue: RaoIndian Express - 7 hours ago Asking Pakistan not to use terror groups against India, Foreign secretary Nirupama Rao on Monday said that Pakistan and India have to reaffirm the progress ... Shed insecurities: India to PakistanEconomic Times - 8 hours ago NEW DELHI: India on Monday said "trust deficit" with Pakistan can be bridged only if it "shed its insecurity" on asymmetries in sizes and capabilities ... Can't redraw border but can make it irrelevant: RaoTimes of India - 8 hours ago NEW DELHI: India is resurrecting PM Manmohan Singh's vision for a Kashmir solution — no redrawing of boundaries but making them "irrelevant" by encouraging ... India draws contours of its approach in engaging PakistanThe Hindu - 9 hours ago A week ahead of the talks with Pakistan, India suggested "creative solutions'' on issues that were under discussion between the two countries either through ... India warns Pak on aiding terror once againIBNLive.com - 14 hours ago New Delhi: Ahead of their forthcoming talks to reduce the "trust deficit", India has asked Pakistan to stop using terrorist groups "selectively as strategic ... Kashmir Appears on India's Pakistan AgendaWall Street Journal (blog) - - 19 hours ago Shall we chat about Kashmir? Indian Foreign Secretary Nirupama Rao and Pakistan's Foreign Secretary Salman Bashir in New Delhi in February. ... 'Not so circumspect on China's bonhomie with Pak'Rediff - 20 hours ago The Obama administration's point man for South Asia, Assistant Secretary of State for South Asian Affairs Robert O Blake, Jr, has said that in preparation ... | Timeline of articlesNumber of sources covering this story
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Modi ad row hijacks BJP meet agenda
Patna The controversy surrounding Gujarat Chief Minister Narendra Modi over two advertisements virtually hijacked the two-day party National Executive that ended on Sunday.The resolutions and the debates at the conclave took a backseat with the row involving Modi and his Bihar counterpart Nitish Kumar taking the centre stage following the ad blitzkrieg praising the Gujarat Chief Minister.
In one advertisement Modi was shown holding a hand of Kumar and another listing the details of Gujarat government's aid to Bihar during the Kosi floods in 2008.
This riled Kumar no end that he cancelled a dinner he was to hold for the top BJP leadership on Saturday night.
Kumar, who is heading a coalition government with BJP, is wooing Muslims in the elections scheduled later this year and does not want to be seen in the company of Modi.
Perhaps, no other crucial meeting of the BJP had revolved around one man, relegating the issues challenging the organisation.
There was a sense of unease in a section of party leaders even before the meeting as Modi left no stone unturned to project his larger-than-life persona with some advertisements depicting him as a "Hindu Hriday Samrat" and some others claiming that Muslims were well-off in Gujarat.
The maiden visit of Modi in Bihar after becoming was preceded by a propaganda which provided fodder for the detractors of Nitish Kumar to target him ahead of Assembly elections in Bihar.
This came as an apparent embarrassment to Kumar, who has been assiduously wooing the Muslims, constituting 16 per cent of the state's population.
Nitish Kumar utilised the national media, which had come to cover the BJP meet, to send the message loud and clear to Modi as also the BJP top brass that he was not amused by the tactics of the Gujarat Chief Minister.
The manner in which Kumar went about the task made the BJP leadership rally around Modi with party chief Nitin Gadkari telling his party that the need of the hour is to behave as a "mature national political party" which would not compromise on self-respect for power-sharing.
Modi himself made the right noises, winning many supporters in the process. He was the toast of the "Swabhiman" (self-respect) rally yesterday where BJP launched its election campaign for the assembly elections to be held in October- November.
Several supporters were seen carrying Modi posters and raising slogans in his name. They responded enthusiastically to his overtures to them. He raised the tempo with slogans like "Bharat Mata ki Jai" and "Vande Mataram".
Modi also kept away from the raging controversy, leaving it to senior BJP leader L K Advani to send across a message to the Bihar Chief Minister that the advertisements were not such a big issue and he would have been happy to see Kumar at the rally.
Modi utilised the occasion to target Congress President Sonia Gandhi, asking her to speak up on who was the "merchant of death" in the Bhopal gas tragedy which had claimed over 15,000 lives in 1984.
It was Sonia who had used the term "merchant of death" against Modi in the 2007 assembly elections in Gujarat. Modi also spoke on national issues like price rise, terrorism and farmer suicides.
That the BJP top brass stood behind Modi despite feelers from Nitish that he should not speak shows the clout Modi holds among the BJP pantheon.
India asks Pak to 'shed its insecurity'
Emphasising that as the two countries commence the exercise of overcoming the difficulties in the relationship, it was important to reiterate a few points, Foreign Secretary Nirupama Rao said India seeks a stable, peaceful and economically progressing Pakistan.
"Secondly, we sincerely desire peace with Pakistan. Thirdly, we have to learn to live with the asymmetries in our sizes and capabilities. Such differences of scale should not deter us from working with each other. Pakistan should shed its insecurity on these counts," she said.
Despite "misguided and serious provocations", India has exhibited true restraint, Rao said.
She asked Pakistan to prevent the entry of radical ideology into the domain of religion, and, the consequent implications for peace and security between India and Pakistan, making differences over Kashmir even more difficult.
Radical, terrorist forces are also increasingly battling for larger space in a deadly struggle that seeks to overwhelm moderate, democratic forces in Pakistani civil society, the Foreign Secretary said.
"The writing on the wall must be seen," she said.
Terrorism as a continuation of war by other means and the use of terrorist groups selectively as strategic assets against India cannot and must not continue, she said.
"As an intrinsic part of the long-term vision of relations it desires with India, Pakistan must act effectively against those terrorist groups that seek to nullify and, to destroy the prospects of peace and cooperation between our two countries," Rao said in her address at the Afghanistan-India-Pakistan 'Trialogue' organised by Delhi Policy Group yesterday.
The last 60 years have had more than their share of bitterness, recrimination, mistrust, misunderstanding and miscommunication, where these two countries are concerned, she pointed out.
"The road ahead is a long and winding one. But as fellow travellers, India and Pakistan must tackle the challenges of this rocky road with the belief that a secure and prosperous future vitally and crucially depends on our ability to do so."
The remarks come ahead of the meetings between the Foreign Secretaries this month and Foreign Ministers next
month who have been directed by their respective Prime
Ministers to work out the modalities of restoring trust and
confidence in the relationship thus paving the way for a
substantive dialogue on all issues of mutual concern.
RComm to hive off Infratel as separate biz
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fe Bureaus
Posted: Jun 15, 2010 at 2128 hrs ISTMumbai Close on the heels of announcing that it will divest up to 26% in the company, Reliance Communications Ltd (RComm), which has a total debt of Rs 33,000 crore on its books, on Monday said it will restructure its ownership in its telecom towers arm, Reliance Infratel Ltd, to bring in new investors and improve financial flexibility.
The boards of RComm and its subsidiary, Reliance Infratel approved a proposal to restructure the former's ownership through a demerger, thereby creating 'the world's largest independent telecom infrastructure company, not owned and/or controlled by any telecom operator'.
RComm's residual 95% stake in RTIL is valued at $6.40 billion (Rs 26,000 crore). The company has a current tenancy ratio of 1.7. Both firms are in advanced stages of discussions with several domestic and international strategic and financial players to finalise the proposal for a stake sale, and a transaction is expected to be announced shortly. GTL, Crown Castle and American Tower Company (ATC) are the likely front-runners in picking up a stake in Infratel, sources said.
"This transformational proposal will be implemented through demerger or other suitable value creating options vis-a-vis Infratel's assets, subject to necessary approvals, with the consideration to be received in a combination of cash and stock," RComm said in a media statement.
Currently, Reliance Infratel has 50,000 towers and is expected to increase this number to 75,000 towers in the span of three years.
"A change in ownership will allow service operators to use their network, leading to increase in tenancy ratio of Infratel. However, there is no clarity as to how much of the 95% stake RCom is giving up," said an analyst on the condition of anonymity.
The move will lead to substantial reduction in RComm's consolidated debt and improved leverage ratios for the company, contributing to enhanced financial flexibility.
Reliance Infratel had planned an IPO of shares as long ago as in February 2008, but the public issue is yet to hit the market. The interests of RComm as Infratel's continuing largest tenant will be protected through appropriate contractual arrangements, the statement said. http://www.expressindia.com/latest-news/RComm-to-hive-off-Infratel-as-separate-biz/633730/
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