Vol -3, Issue -27, June-2014, Pages - 12 Editor : Dr.Chaitanya …midnightreporter.com/Main/wp-content/uploads/2014/06/... · · 2014-06-09Vol -3, Issue -27, June-2014, Pages -

Vol -3, Issue -27, June-2014, Pages - 12 Editor : Dr.Chaitanya Singh English/Hindi Monthly, Rs. 20/- Website: www.midnightreporter.com

Public Sector

Bureaucracy

MT.KrishnaBabu,IAS(93,AP)took over asC h a i r m a n ,VisakhapatnamPort Trust for 5years.

R a v iP a r m a r , I A S(92,Bihar) hasbeen appointedas a Chairmanof the MumbaiPort Trust.

K u s h a lBhaduri has se-lected as CMD,National JuteManufacturersC o r p o r a t i o nLimited.

A n u p a mS r i v a s t a v aMember (CM)will be the newCMD of theBSNL.

A K Doval,68 (Rtd. IPS,Kerala) ap-pointed as Na-tional SecurityAdvisor (NSA)

Rajiv Mathur,Retd. IPS (72,UP) taken overas new Chief In-f o r m a t i o nCommissioner.

P Umasha-nkar, (76, Retd.IAS) appointedas Director ofShipping Corpo-ration of India.

K RajendraKumar,IPS(84)appointed asthe new Direc-tor General ofPolice in J &K.

RNI No. APBIL/2012/46718Postal Regd. No. HSE/983/2013-2015Return Post : 4-6-252, Esamia Bazar, Hyderabad - 27. A.P.Publication Date 3rd June 2014

A Media Network to provide Information to all National News Papers, T.V. Channels, Journals, Parliament, The President, The Prime Minister, HighCourt & Supreme Court, Central and State Government Departments, Home Ministry, Legislative Assembly, Ministry of Defence, Anti Corruption

Bureau, Security Agency, Vigilence Department, CID, I.B., CBI, Crime Branch, State Police Headquarters etc.

Dr. Chaitanya SinghNew Delhi(MR)The congress idea failed miserably, it has ‘no chance’ to stand till another decade.The mixed

ideas of master minds and youth has failed to show the charm.In fact not just a person or a reason is responsiblefor the loss,there are reasons in hundreds and thousands.The congress was in power for a decade and now it hasto sit aside for the same duration to understand the actual reason of their defeat.Till then they have to attend Modi’sclasses without a miss.

Congress is in shock and started up an in-house drive of cross-examination. Sonia Gandhi is not happy withany of its senior party leaders,who were all the time denying a Modi wave, by the time they understood it really doesexist and it’s not wave but a tsunami.They failed to assess how much does congress was in general public,as in forsome years it remained a party of leaders and was away from the workers of the grass root level.

The ‘10 Janpath’ is feeling the heat and planning to kick out some of the senior party leaders ,who were tooirresponsible during elections and if the sources are to be believed the party is planning to say bye to some of itsleaders in a gentle mode at the right time.

Mean while the entire atmosphere of Janpath is changed.At present the leaders are in fear to enter Janpath andno leader wears guts to communicate with Sonia and Rahul except Motilal Vohra, Ambika Soni and Ahmed Patel.Othersenior leaders are just waving their heads and hearing to both the mother and the son just like school childrens,whohear to their teacher by keeping the finger on their lips.It is also noticed that the staff of Janpath are also not happyand not even asking for tea and snacks.

As per the sources the party may take a serious action against Jayram Ramesh, Madhusudan Mistry,MohanGopal, Digvijay Singh, Ajay Makan,Beni Prasad Verma,Kapil Sibal, Sam Pitroda, K.Raju,B.Jitendra Singh and othersfor giving off beam statements, wrong advice and for their bad performance.

However,the party is also planning to change all the leaders from the main stream line, new faces will beprojected for the change,party will also try with its last hope Priyanka Gandhi, but not very soon.

Kick Out !Worthy Campaign! At last the romantic snap of ‘Titanic’ was also

making waves in social media for the promotion of ‘Modi sarkar’.

S h a n k a rAgrawa l , IAS(80,UP) Secre-tary in Womenand Child Wel-fare, GoI.

P Mitra,IAS(79) ap-pointed as a newChief Secretaryof HimachalPradesh.

S a j a lChakrabar ty,IAS(80)appointedas a new ChiefSecretary ofJharkhand.

Ms VijayLaxmi Joshi,IAS(80, Gujarat) ap-pointed Secre-tary, PanchayatiRaj,GoI.

June, 20142MIDNIGHT REPORTER

ForEach other

Old memories: ‘Yaad aa gaya mujhko gujara zamana...’

Hello ! how was the summer camp... Somesh Kumar

Serious talk ! R.P. Thakur & Naveen Mittal

What else ! Dr. P.K. Mohanty & Mahender Reddy

Catchy snap: Krishna Prasad Don’t mind ! Sunil Kumar

Legal battle or compromise ?

No coments!

T.P. Das and S.A. Huda

June, 2014MIDNIGHT REPORTER3

June(MR)What a Luck ! Invisible but,might be awesome with hand full of wishes and dreams. ‘Luck’ comes silently without making noise, favorthe winner and move to search another hard working champ for a favor.If people says, wow how it happened, it’s just strange, amazing and is ita magic,then it has to be understood that it’s a charisma of ‘luck’.Lets check how and it what way the luck has favored the above bureaucrats,whoappointed on the prestigious posts. Whereas few months back none of the officer thought and imagine about this charisma,which took place likea suddenly. The 1982 batch IAS officer Dr.Rajiv Sharma became the first Chief Secretary of Telangana State ,whereas same batch IPS officerAnurag Sharma took over the charge as first DGP.In fact both the officers are juniors and though they got the opportunity to serve on the dreamposts,where senior officers were expecting the same appointment.

Why the government ignored the seniors and appointed these two officers ? As per the sources the government was looking for the bestofficers for the new state and after looking into the profile and the vast experience the government forced to select them and at the same time didn’tbothered about the fanda of senior-junior.Government want the perfect team for the best results and for that the Chief Minister doesn’t want tocompromise at any cost,what ever may be the stand of another officers.Said the sources.The both officers might not imagine of this day,but theirhard work, sincerity and off course their luck collaborated and took them on the peak.

Whereas in Andhra Pradesh the 1979 batch IAS officer I.Y.R.Krishna Rao appointed as Chief Secretary and IPS officer of 1981 batchJ.V.Ramudu appointed as a DGP.Once Mr.Rao was not happy and put lot of his efforts to be a CS during Kiran Kumar Reddy government and nowsee the luck of the officer,the Andhra CM himself wish and selected the name of Mr.Rao for the CS post.This shows that in what way the luck favored the officer.In fact Mr.Ramudu too might never

thought about this opportunity.CM Mr.Chandra Babu Naidu picked his name for the DGP post, from where the senior IPS officer B.Prasada Rao isreplaced, who not even complete his one year of term. Moreover IPS(1986) M.Mahender Reddy,who was ADG,Intelligence Dept earlier is posted asHyderabad Police Commissioner.All of us know that it was a tuff competition for this plum posting since more than last year.Many officers names wasmaking rounds in the power of corridirs,but ultimately Mr.Reddy name announced as city chief.Its a luck that in around eight officers of same batchMr.Reddy got the chance according to his experience. Apparently IPS(89) Ch.D.Thirumala Rao and IPS(94) B.Shivadhar Reddy appointed as a chief ofIntelligence Dept. for Andhra and Telengana State.It’s a charisma of luck that the junior officers got to chance to serve at the crucial department.In fact theirprofile attracted the governments and their hard work took their image on the big screen.

Rajiv Sharma, IAS

Anurag Sharma, IPSI.Y.R. Krishna Rao, IAS

J.V. Ramudu, IPS

B.Shivadhar Reddy, IPS Thirumala Rao, IPS

Mahender Reddy, IPS

June, 2014MIDNIGHT REPORTER 4

Women hold up half the sky... ‘Say thanks’ to MohantyJune(MR)All of us has to be thankful for the remarkable efforts of former Chief Secretary

Dr.PK.Mohanty.The officer efforts during the bifurcation process should be appreciated.Thoughit was a very warm farewell organized on his superannuation,but the officer deserves morethan this for his superb performance from the day one of taking the charge.‘MR’wish him a veryjoyful and healthy retirement.

Apni Apni Pasand…June(MR)Though many of the senior and experienced IAS officers are very much available

in the State,but both CM’s wish the AIS officer’s for their CMO.Apni apni pasand hai….!Whatmight be the reason.Is that the CM’s having a good understanding with officers or they don’t want to take the chanceby appointing any of the available officer.As per the buzz Telengana CM requested for S.Narsing Rao (85),CMD ofCoal India Ltd,Gopal Reddy(85,MP),Jt Sec., Home Ministry and P.Rajashekar Reddy a regional provident fundcommissioner for his CMO.On the other hand Andhra CM requested for Satish Chandra,Jt. Sec., Chemicals &Fertilizers Ministry,A.Giridhar Jt. Sec., Petroleum & Natural Gas Ministry and G.Sai Prasad,whois working in Power Ministry for his CMO.

Somesh ‘Monsoon Monitor’ June(MR)After the outstanding performance in last elections now the

Commissioner,GHMC Somesh Kumar is prepared to handle the tasks of rainy season.As 18central emergency teams were strengthened for all the five zones and other crucial worksrelated to the monsoon are in process.In fact the officer was also in news for cautioning theengineering wing against sending labourers inside the drains for cleaning and instead utilizethe air tech machine.This is another superb step from the officer,which will be safer for thelabours.

Raju’s ‘Flop Show’ June(MR) The former IAS officer Koppula Raju,who is known to be one of the close

aide to Rahul Gandhi tastes a bitter in last elections.The officer opted for voluntary retire-ment and has been appointed as a chairman of the SC department of AICC and was givena crucial responsibility for elections.But bad luck things didn’t favored him.Now the buzz iswhat Mr.Raju will do know after the flop show.

Gopal’s ‘Hard Punch’June(MR)The senior cop S.Gopal Reddy aggressively going for-

ward with his ‘no compromise’ funda.The officer is already in the newsfor following the guidelines strictly and moving hardly against the

persons,who are manipulating and cheating the customers. Though lot more can be done inLegal Metrology,but the work done by the officer so far cannot be ignored. We only say ,Mr.Reddy is a very hard officer and especially cheaters has to be alert.

Sujatha ‘Back in Action’ June(MR)The Secunderabad Canton-

ment Board (SCB) CEO Ms.Sujatha Guptais back in action and for this time the toughlady officer is in action for disconnectingnearly two thousand illegal waterconnections.The Board plans to have 25teams to completethe disconnectionand regularizationprocess by Julyend.Apparently theBoard is also work-ing on digitizing thewater connectionsand also started is-suing unique con-sumer numbers.Look forward formore initiatives fromthe lady officer in coming days. Applaud forher….!

Shaik still batting…J u n e ( M R ) S h a i k

Mohammad Iqbal is a‘keep going’ officer,whodoesn’t stops for awhile.Recently the officerwas on screen for pullingup the big individuals forencroaching the Wakflands and now a days the

officer in news for his hard step on errant mutawallisand to reclaim the lands concerned to Wakf.Thoughmany allegations were made on Wakf board,but with-out bothering the officer Mr.Iqbal is on screen for hisbatting and for his big hits.

June(MR)It’s time forcelebration.Three of the officers has aoccasion to celebrate.The senior dy-namic officer C.V.Anand successfullycompleted his first year as a CyberabadPolice Commissioner.The officer isknown for his superb performance andfor his fast track action in the power ofcorridors.

The Jt.CP (Sec & Co-or) SanjayKumar Jain completed his two years inHyderabad city police.The officer main-tains very low profile and set his imageas a hard core officer.

Moreover applaud for Jt.CP (Spe-cial Branch) B.Malla Reddy,who com-pleted his four years in Hyderabad citypolice on various jobs. Mr.Reddy is asincere officer and played a vital role inlast critical situations.

‘MR’ hearty congratulates andwishes for more endeavors in future.

Celebrations... .

Lovingly ‘Babu’June(MR)Before the bifurcation most of the officer’s

wished to be at Telengana State and after the resultsthe officers want to enter Chandra Babu Naidu’sgovernment.The CM now became the ‘lovingly babu’for many of the officers.What is the reason behindit,the CM’s good image or something else !

Luck DuckJune(MR)This

time many unex-pected candidateswon the elections,butluck didn’t favoredany of the officer.TheLok satta party chiefD r. Jayap rakashNarayan and formerDGP V.DineshReddy both lost theLok Sabha electionfrom Malkajgiri andthe former IAS officerChaya Ratan lostfrom Sec’badLoksabha.Thoughthree of the officers

were very much known in powercorridors,but their charm couldn’tattract the voters, their first inningwas a hit and the second was aflop.In fact ,Mr.Jaya Prakash hashis own identity in the politics,buthe has to wait for next five yearsfor a change.Now the buzzis,what Mr.Dinesh Reddy will donow ?, as he failed to succeedafter all his efforts and the partyis also not in power, what else hecould do rather than spendingtime with his family.Chaya Ratanhas a bitter experience in theelections,as she got a very lesservotes,which shows the falling graph of AAP party. So officers !try your luck next time.

Old memories...

Sumita Dawra who is counselor in Beijing isexpected to return in a month or two. She is a1991 batch IAS officer of Andhra Pradesh cadre.

Whats up snap ! This picis making rounds on whatsup.This shows the fan fol-lowing of the pretty and atough lady officer SmitaSabbarwal, but now a day’sshe is not in touch with ‘MR’.Hope not narazzzzz....! Thanks for the cute snap !

5 June, 2014MIDNIGHT REPORTER

Public Sector Platts honours SAIL Chairman as CEO of the YearChairman, SAIL Mr. C.S.Verma

has been adjudged ‘CEO of the Year’at the 2014 Platts Global MetalsAwards. Mr. Verma is the first CEOfrom India to have been conferredwith this honour which was given ata glittering ceremony held inLondon,which was attended by alarge number of eminent industryleaders. The nominees for theawards were industry leaders from19 countries.

The award is in recognition of acomprehensive leadership styledemonstrated by Mr Verma that hasplaced India’s largest steel-produc-ing company on the path of robust

growth overcoming challenges such as price volatility and increased competition.. Mr Verma, who became SAIL’schairman in 2010, has displayed visionary, passionate and tenacious leadership in steering the company of overone lakh employees The judges lauded Mr Verma for improving the company’s operational performance while alsodemonstrating a strong commitment to human resource development and corporate social responsibility.

Mr. Verma in his acceptance speech, dedicated this global award to the one lakh workforce of SAIL who makethe company proud on account of their commitment, talent & passion, he said.

“Chandra Shekhar Verma and other winners have navigated a challenging financial environment, and theiraccomplishments are a clear indication that the metals sector is poised for growth in the coming years,” said LarryNeal, president of Platts. Part of Mc Graw Hill Financial, the London-based Platts is a leading global provider ofinformation on energy, petrochemicals, metals and agriculture sectors as well as benchmark price movements fora range of commodities.

SAIL PAT registers a growth of 21% in FY’14The audited financial result of Steel Authority of India Limited (SAIL) for the financial year 2013-14 was taken on

record by its Board of Directors here today. The company registered an increase of 20.6% in its PAT, to Rs 2,616crore in FY14 up from Rs 2,170 crore in FY13. SAIL’s gross turnover at Rs 51,866 crore in FY’14 reflected a growthof over 5%, up from Rs 49,350 crore in FY13. The net-worth of the company as on 31.03.2014 was Rs 42,666 croreas against Rs 41,025 crore on 31.03.2013.

The company produced 12.9 million tonnes (MT) of saleable steel in FY 2013-14, an increase of 4% overcorresponding period last year (CPLY). The corresponding rise in total sales was 8.6%, at 12.07 MT. Growth indomestic sales was in conjunction with growth in exports of 28% in FY’14. Continued emphasis on value-added steelproduction resulted in growth of 6% with 5.4 MT special quality steel produced in FY’14 as against 5.09 MT in FY’13.

In Q4 FY14, the gross turnover of SAIL grew by 9.7% to Rs 14,987 crore from Rs 13,660 crore in Q4FY13.During Q4 FY14, production of saleable steel at 3.13 MT was up by 4% over CPLY. The PAT in Q4 FY 14 at Rs. 453crore is higher by 1% vis-à-vis Q4 FY 13.

HAL Receives Best PSU Award from BMA

The Hindustan Aeronautics Ltd was honoured with the “Best PSU of the year award ” by Bangalore Manage-ment Association at its 61st Anniversary Awards night held in Bangalore on Sunday. Dr. A.K. Mishra, HAL’s Director(Finance) received the award from Mr. R. V. Deshpande, Minister of Higher Education and Tourism, Govt ofKarnataka. The awards covered 14 heroes of Bangalore (business entrepreneurs and enterprises) including Dr.R.K. Tyagi, Chairman, HAL. BMA is one of the oldest management associations in the country and Bangalore housessome of the best companies of India. HAL has been an important player on the corporate landscape of Bangaloreand India for years.

GAIL posts 57 percent jump

GAIL (India) Limited has recorded sustained performance in financial parameters for the Financial Year 2013-14.According to the audited figures, Turnover (net of excise duty) in the year 2013-14 increased by 21% to ‘ 57,245crore from ‘ 47,333 crore in FY 2012-13. The Gross Margin during the year 2013-14 increased by 5% to ‘ 7,599crore from ‘ 7,233 crore. The Profit Before Tax during the year 2013-14 increased by 6% to ‘ 6,402 crore from ‘ 6,058crore in the previous year. The Profit After Tax during the year 2013-14 increased by 9% to ‘ 4,375 crore from ‘ 4,022crore in the previous year. The Board of Directors has recommended payment of total dividend at the rate of 104%on the paid-up share capital of the Company for FY 2013-14 inclusive of 45% interim dividend already paid.

During the year 2013-14, GAIL has contributed Rs. 1900 crore towards subsidy. During the current financialyear, sales from Natural Gas Trading increased by 24% to ‘ 48,922 crore as against ‘ 39,609 crore in last year. Thenet sales from Petrochemicals business have increased by 22% to ‘ 4,582 crore as against ‘ 3,765 crore in last year.The net sales from LPG and Liquid Hydrocarbons business during the current financial year increased by 23% to‘ 5,462 crore as against ‘ 4,434 crore in last year. Revenues from Natural Gas Transmission business haveincreased by 23% to ‘ 4,104 crore as against ‘ 3,347 crore in last year. Revenues from LPG transmission during thecurrent financial year have increased by 42% to ‘ 418 crore as against ‘ 294 crore in last year. The increase in netprofit during the current financial year was mainly due to the increase in revenue from Natural Gas Trading, LPGTransmission, E&P Segment, and better price realisation of Petrochemicals and LPG & LHC sales.

HUDCO has posted impressive ProfitHousing & Urban Development Cor-

poration Ltd. (HUDCO) has completedyet another successful year in the ser-vice of the nation. Accordingly to Dr MRavi Kanth, CMD, for the financial year2013-14, HUDCO has posted impres-sive Profit After Tax (PAT) of Rs. 719.69

crores (provisional) as against Rs. 700.56 crores during 2012-2013 with2.73% increase over last year. The total Sanctions for the year have alsobeen 16.6% higher with total sanction of Rs. 17491 crore against the MoUtarget of Rs. 15000 crores. Out of the total 14.34 lakh Dwelling Units (DUs)sanctioned during the year, 98.5% are for the Economically Weaker andLow Income Group categories, which is in sync with HUDCO’s motto of“Profitability with Social Justice”. In the field of Urban Infrastructure, HUDCOhas sanctioned a total of 72 schemes with a financial assistance of Rs.7,848crore under various sectors like Water Supply, Sewerage, Drainage, Power,Social Infrastructure, Commercial Infrastructure, Roads and Transport. During2013-14, HUDCO successfully mobilized Rs 4987.12 crore through theissue of Long Term Tax Free Bonds. Outlook on HUDCO’s credit rating hasalso been upgraded from “Stable” to “Positive” by India Ratings (Fitch Group).Under the HUDCO – KFW grant assistance, in 2013-14, HUDCO has sanc-tioned 10 Model Village/Basti in the natural calamity hit areas of Uttarakhandstate for Rs. 7.00 crore (Rs.70 lacs each) and 5 Model Village/Basti in theSuper Cyclone hit areas of Odisha State for Rs. 3.5 crore (Rs.70 lacs each)as part of its CSR schemes.

NBCC inks Mou with Al Naba Services

In its quest of expanding its overseas operations, NBCC signed an MoUwith Al Naba Services LLC, Oman for jointly exploring and securing infra-structure projects in Sultanate of Oman & neighboring countries. The MoUwas signed in Muscat (Oman) by Dr. Anoop Kumar Mittal, CMD, NBCC andSayyid Khalid Bin Hamed in Saif al Busaidy, Chairman, Al Naba ServicesLLC in the presence of H.E. the Ambassador of India to Oman J.S. Mukul.Present on this occasions were Ahmed Al Dheeb, Under Secretary, Ministryof Commerce, Sultanate of Oman. Pradeep Sharma, DGM (Engg.), NBCC,R Chandrashekar GM, ANSL and other officials of ANSL.

PFC GEL signs MOU with IREDA

PFC Green Energy Ltd (PFC GEL), a wholly owned subsidiary of PowerFinance Corporation Ltd. (PFCL) and IREDA signed MoU on 21st May, 2014for facilitating joint financing of renewable energy and energy efficiencyconservation projects.

The MoU was signed by A. Chakravarti, CEO, PFC GEL and SatishKumar Bhargava, Director (F), IREDA in the presence of Chairman, PFCGEL, Directors, PFC and senior officials of PFC GEL and IREDA. By way ofthis MOU, both the Parties shall cooperate to leverage their respectivestrengths and competencies for facilitating financing of non-conventionaland renewable sources of energy projects for their mutual benefit.

REC partners with MoSJE under CSR

REC has committed financial assistance of nearly Rs. 3 crore under itsCSR initiatives to Swami Vivekanand National Institute of Rehabilitation Trainingand Research, Cuttack (SVNIRTAR), an autonomous Institute under theDepartment of Disability Affairs, Ministry of Social Justice and Empower-ment (MoSJE), for setting up of a state-of-the-art Modular Operation The-atre and other advanced medical equipment in the Institute for upgrading itsinfrastructure for locomotor rehabilitation services for patients with disabili-ties on account of Polio, Cerebral Palsy, congenital limb deformities andreconstructive surgeries for leprosy cured persons, etc. The tripartite Memo-randum of Agreement was signed in New Delhi on 8th May 2014 by P. J.Thakkar, Director (Technical), REC, O.P. Dogra, Director, Department ofDisability Affairs, MoSJE, and R.N. Mohanty, Director, SVNIRTAR, , in thepresence of Stuti Kacker, Secretary, Department of Disability Affairs, MoSJE,Awanish Awsathi, JS, Department of Disability Affairs, MoSJE, RajeevSharma, CMD, REC, Ajeet Kumar Agarwal, Director (Finance), REC, be-sides other senior officials from REC and MoSJE.


ONGC advances two places in Forbes Global Oil and Gas ClubONGC has moved up two places in Forbes ranking of the global players in oil and gas operation industry. ONGC

has moved up two places to 21st position from previous 23rd it held last year. In the overall Forbes Global 2000 list,ONGC is ranked at 176th. It is third among 54 Indian companies which made it to this list of 2000.Forbes compilesthis Global list by screening for the biggest public companies in the world on four metrics: Sales, Profits, Assets andMarket valuation. The composite of the four metrics, as on 1st April, 2014, has been considered for the ranking.

NTPC’s 4th Quarter EBITDA Grows by 14.21%Core EBITDA from power generation for Q4 of financial year 2013-14 grew by 14.21%. From power generation

segment, the Company registered EBITDA of Rs. 4441.80 crore for Q4 of current year as against Rs. 3889.18 crorefor the corresponding previous period.

The profit after tax for Q4 of financial year 2013-14 is Rs. 3,093.54 crore as against Rs. 4,381.61 crore forcorresponding period of the previous year. After excluding one-off items i.e. recovery of DESU dues, etc. booked inprevious year, profit after tax has increased by 35.41% over the previous corresponding quarter.

The total income for Q4 of financial year 2013-14 has increased to Rs. 21,637.87 crore from Rs. 18,250.46 crorefor the corresponding previous period, registering a growth of 18.56%.

The audited total income for the financial year 2013-14 is Rs. 74,707.82 crore as compared to Rs. 68,855.81crore for the previous financial year, registering a growth of 8.50%. The audited profit after tax of the Company for thefinancial year 2013-14 is Rs. 10,974.74 crore as against the audited profit after tax of Rs. 12,619.39 crore in theprevious year. Excluding one-off items, profit after tax has increased by 16.44% over the previous financial year.From the Generation business, EBITDA has grown to Rs. 17348.24 crore from Rs. 15676.21 crore registering agrowth of 10.67% year-on- year.

The Board of Directors has recommended a final dividend Rs. 1.75 per equity share for the financial year 2013-14 in their meeting held on May 15, 2014 subject to approval of Shareholders. This is in addition to the interim dividendof Rs. 4.00 per equity share paid in February 2014.

NTPC Limited, India’s largest power generating company has an installed capacity of 43128 MW. Keeping itsgrowth momentum, the Company added 1835 MW to its installed capacity and 2675 MW to its commercial capacityduring the financial year 2013-14.

REC Net Interest Income increasesRural Electrification Corporation Limited (REC), a Navratna Public Sector Company has declared its quarterly/

yearly results for the period ended 31st March, 2014.The Board of Directors of the company approved the auditedfinancial results. Total income of the company for the quarter and financial year ended on 31st March, 2014 hasincreased to Rs. 4,490 crores and Rs. 17,121 crores respectively as against the total income for the correspondingquarter and financial year ended on 31st March, 2013 of Rs. 3,640 crores and Rs. 13,599 crores respectively, thusregistering an increase of 23% and 26% respectively for the quarter and financial year ended on 31st March, 2014.The Net Interest Income of the corporation increased by 30% to Rs.6,767 crores.

Profit after tax (PAT) of the company for the quarter and financial year ended on 31st March, 2014 has increasedto Rs. 1,192 crores and Rs. 4,684 crores respectively as against the PAT for the corresponding quarter and financialyear ended on 31st March, 2013 of Rs. 960 crores and Rs. 3,818 crores respectively thus registering an increaseof 24% and 23% respectively for the quarter and financial year ended on 31st March, 2014. EPS for the year ending31st March, 2014 is Rs. 47.43 per share. Net worth of the company has increased by 18% from Rs. 17,454 croresto Rs. 20,669 crores.The Loan Asset Book of the company as on 31st March, 2014 is Rs. 1,48,641 Cr. and theoutstanding borrowings is Rs. 1,26,240 Cr.

NTPC Director Finance Awarded

K Biswal, Director (Finance), NTPC has been awarded CMA-CFOAward in the Public Sector (Manufacturing) category in recognition to theefforts made by him for application of innovative cost and managementaccounting techniques in work place. The award was given by the Instituteof Cost Accountants of India during its 56th Foundation Day at New Delhi.Justice Supreme Court Deepak Misra presented the award to Biswal. J MShanti Sundaram, IRS, Chairperson, CBEC, Ministry of Finance werepresent.

Tapping Solar Energy at AAI Airports

As part of the series of efforts of AAI in tapping alternative sources ofenergy, AAI is going to establish solar power plants at its airports to meet notonly its own requirements but also to feed the surplus power generated tothe local grid. An MoU between AAI and Solar Energy Corporation of India(SECI) was signed today in the august presence of Ashok Lavasa, Secre-tary, Civil Aviation and Alok Sinha, Joint Secretary, MoCA & Chairman, AAIand Rajendra Nimje, MD, SECI for establishment of Solar Power Plants atAAI Airports. The MoU was signed by Sudhir Raheja, Member (Planning),AAI and Rakesh Kumar Director, SECI from Solar Energy Corporation (SECI)at Rajiv Gandhi Bhawan, Safdarjung Airport, New Delhi. Senior Officers ofAAI and SECI were also present on this occasion. On this occasion, AshokLavasa, Secretary, Civil Aviation, highlighted the importance of tapping thesolar energy through various outlets including storage of power generatedin rechargeable batteries. He also emphasized to use full potential includingroof top surfaces as large areas are available at airports. He stated thatutilization of stored energy in an efficient and effective manner is very impor-tant and as such AAI shall identify the outlets where the tapped energy canbe channelized including other applications of renewable energy for variousestablishments at airports. Secretary, Civil Aviation directed that projectsshall be accomplished in a time bound manner and the airport-wise specifictime lines shall be worked out & followed up for effective implementation.Setting up of Solar plants will not only achieve significant savings in powerbills over a period of time but also result in relief in significant saving incarbon emissions apart from making airports self sustainable so far asenergy requirement is concerned. AAI’s plan include installations of 50 MWcapacity plants (cumulative capacity in Phase I) which will be enhanced to150 MW(cumulative) over a period of time. The plants will be installed onsurplus land available with AAI and at large roof tops of AAI’s structures. Inall about 30 Airports have been identified by AAI for establishment of SolarPower Plants.

HAL R&D Chair at IIT BombayHAL has entered

into a Memorandumof Understanding(MoU) with Indian In-stitute of Technology,Bombay to establishR&D Chair to pro-mote applied re-search at a programheld at IIT Mumbaitoday. “HAL hasadopted an aggres-sive unification strat-egy with academiaand this Chair will ini-tiate new academic

programs; identify research areas, provide technical consultancy to HALand facilitate training programs for HAL personnel”, said Dr. R.K. Tyagi,Chairman, HAL. The Chair will also facilitate holding of annual conferenceswhere new ideas, innovations and technologies could be deliberated”, headded The MoU was signed by Mrs. S. Thenmozhi, General Manager, HAL,and Prof. Ravi Sinha, Dean (Alumni & Corporate Relations) from IIT Bombay.Prof.Devang V. Khakhar, Director IIT, Bombay was present. Speaking on theoccasion, Prof.Khakhar pointed out that “IIT Bombay has been working withHAL for long in various areas. However, this MoU will bring both the organi-zations closer in performing academic and research-based activities for thepromotion and development of new and breakthrough aerospace technolo-gies in the mutually identified areas besides focusing on multi-disciplinaryissues”, he added. “We are happy to be associated with HAL and have anHAL Chair established at IIT Bombay. Besides encouraging cutting-edgeresearch work in the area of aerospace engineering, the Chair Professor-ship will help us to attract the best talent,” said Prof. Sinha. HAL has alreadyestablished chairs at IIT Roorkee, IIT Kanpur, IITKharagpur and at NationalLaw School of India University (NLSIU), Bangalore.

PFC signs MoU with PFCCAS for FY 2014-15PFC Capital Advisory Services

Limited (PFCCAS), a wholly owned sub-sidiary of Power Finance Corporation(PFC) has signed ‘Memorandum ofUnderstanding’ (MoU) with its holdingcompany for FY 2014-15. The MoU wassigned by M.K. Goel, CMD, PFC andNalini Vanjani, CEO, PFCCAS in thepresence of R Nagarajan, Director (Fi-nance), A K Agarwal, Director(Projects)and other senior officials ofthe Companies.

It stipulates various performancetargets of PFCCAS for the FY 2014-15.The performance of the Company un-der the MoU will be monitored by theBoD of PFCCAS on a quarterly basisand by PFC on a half-yearly basis.

NMDC conferred with Dun &Bradstreet Corporate Award 2014

NMDC was awarded the best company under the mining category of the prestigious ‘Dun & Bradstreet –Mannapuram Corporate Awards 2014’ where India’s leading corporate names and top performers across sectorswere felicitated.

Mr.Narendra Kothari, Chairman-Cum-Managing Director, NMDC Limited received award for the top Indiancompany under the Mining Sector from Dr. Arun Shourie, Journalist and Former World Bank Economist in presenceof Shri Kamlesh Sampath, President and CEO, Dun & Bradstreet, India and Shri Unni Krishna, Dy. CEO, MannapuramFinancial Limited at a function in Mumbai.


For the year 2013-14, dividend @ 850% per equityshare has been paid which is the highest ever dividendpaid so far.The Company achieved a record produc-tion and sales of iron ore for the 4th quarter (2013-14) at9.86 MT and 9.40 MT respectively representing an in-crease of 3% and 14% respectively in comparison to4th quarter of 2012-13. This was accomplished inspiteof the slurry pipeline not being available for consider-able time. The Company also recorded a growth of 21%in the turnover of the 4th quarter (2013-14) at Rs.3,884

crore compared to CPLY of Rs.3,204 crore. The production and sales of iron ore for the year ended 2013-14 was 30.02 MT and30.50 MT respectively which is higher by 10% and 16% respectively as compared to CPLY. The turnover for the year ended (2013-14) is Rs.12,058 crore which is higher by 13% compared to Rs.10,704 crore in 2012-13. This was possible mainly due to increasein sales quantity by 4.23 MT.

The PBT and PAT for the 4th quarter 2013-14 is Rs.2,998 crore and Rs.1,962 crore in comparison to CPLY of Rs.2,245 crore andRs.1,465 crore which is 34% and 34% higher respectively. The PBT and PAT for the year ended 2013-14 is Rs.9,759 crore andRs.6,420 crore in comparison to year ended 2012-13 of Rs.9,465 crore and Rs.6,342 crore which is 3% and 1% higher respectively.

The capital expenditure incurred during the year under various schemes is Rs. 2,518 crore. NMDC has planned to spend anamount of Rs.3,495 Crs in the FY 2014-15.

Speaking on the occasion, NMDC Chairman Mr. Narendra Kothari said “NMDC’s long cherished dream of touching 30 MTproduction of Iron Ore has been fulfilled this year. NMDC’s role in providing raw material security for the steel industry hasstrengthened further. Though NMDC is producing around 22% of the Country’s iron ore production, it would be our endeavour totouch 50% of the Country’s iron ore production in the near future”.

NMDC’s Best Ever Performance since Inception Mr. Eswar. Field General Manager,Central Bank of India, Hyderabad Zone

Mr. Eswar Kotikalpudi has takenover the charge as Field General Man-ager of Central Bank of India,Hyderabad Zone. Prior to this, heworked as General Manager-Creditat Bank’s Corporate Office, Mumbai.Mr. Eswar joined Central Bank of In-dia on 03/07/1975 and has held var-ied assignments in the Bank. He is abanker with about 39 years of experi-ence in Commercial Banking, Corpo-rate Banking, International business,

Treasury Operations, Risk Management, Merchant Banking. He has also worked as Head of International Division andTreasury in the year 2010-12. He has varied experience in both administrative as well as operational areas in the ca-pacity of Branch Manager, Faculty Member and Internal Audi-tor. Mr. Eswar is appointed as Member on various InternalCommittees of the Bank where he played key role in strate-gic policy and operational functional areas and corporatedecision making. He has authored various articles in Lead-ing Banking Publications covering Risk Management and Credit Management. He is alumni of XLRl.


Publisher/Printer/Owner: G. Narahari, Printed at Colour Graphics, 3-1-351, Bhagya Laxmi Nilayam, Nimboliadda, Kachiguda, Statio n Road, Hyderabad - 27. Published at4-6-252, Esamia Bazar, Hyderabad-27 (A.P.) Editor : Dr. Chaitanya Singh, Cell : 8008175000. E-mail : [email protected]. A nnual Subscription Rs. 500/- (Including postal charges)

SBI net profit declinesState Bank of India (SBI), the country’s largest lender said its net profit declined by

7.82 percent to Rs.3,041 crore in January-March quarter of this year from Rs.3,299crore recorded in the same period last year. This is the fifth consecutive quarter ofdecline in profit for the bank. For the whole financial year 2013-14, the company posteda net profit of Rs.14,174 crore, 20.89 percent lower than the Rs.17,916 crore recordedin the previous fiscal. The company’s earning per share declined by 23.54 percent toRs.204 in the financial year 2013-14 when compared with the previous fiscal.

SBI to install 4,300 ATMs in FY15SBI sold non-performing assets (NPAs) worth Rs. 3,590 crore during 2013-14 to

asset reconstruction companies (ARCs), according to a media report. The NPAs of the bank included large and mid-size corporate loans and advances made to the SMEs. According to SBI, NPAs could fetch good value as they weresecured by pledged primary assets, guarantees and collaterals. The bank is planning to launch a new internalarchitecture for risk reduction. The technology-driven system will be under a “risk officer” and encompass all tradingfunctions, early review of quality of loan assets, a scoring model and physical inspection by controllers to branches.SBI is also setting up a “collection team” exclusively for the SME sector. The farm sector will be covered by 69,000business correspondents. SBI said it will install 4,300 new ATMs this year that can accepts deposits as well.

UCO Bank Q4 Net Rises

UCO Bank on reported a six-fold jump in net profit at Rs 285 crore for the fourth quarter of financial year 2013-14. The state-run lender had psoted a net profit of Rs 49.5 crore for the corresponding quarter a year ago. Totalincome during the quarter under review increased to Rs 5,309 crore from Rs 4,527 crore a year ago, the bank saidin a filing to the BSE. It also said the rise in net profit was due to lower provisioning and cash recovery. Gross NPAsduring the quarter fell to 4.32 per cent from 5.42 per cent earlier.

BOM Net Profit Rises

The Bank of Maharashtra (BOM) announced financial results for Year ended March 31, 2014. The Operatingprofit for the FY 2013-14 stood at Rs 2006.37 crore. The Net Profit stood at Rs 385.97 crore. The total income of thebank increased by Rs 2325.42 crore to Rs 12850.85 crore thereby recording a growth of 22% over FY 2012-13. TheCASA Deposits increased to Rs 41921.17 crore at 8.96% growth on Y-O-Y basis. Interest Spread for FY 2013-14increased to Rs 3508.93 crore recording a growth rate of 15.68% over the previous year. The bank’s total Depositswere up by 23.81% to Rs 116803.09 crore as at March 31, 2014. The total business of the bank increase by 21.34%to?rs 207171.76 crore as at March 31, 2014.

Central Bank of India registered 11.99% growthCentral Bank of India has announced the finan-

cial results for the quarter & year ended March 31,2014 recently. Banks total Income registered agrowth of 11.99 per cent, from Rs.23528 crore inQ4 FY 2012-13 to Rs.26350 crore in Q4 FY 2013-14 on y-o-y basis. Total Interest Income registereda growth of 11.74 per cent from Rs.21861 crore toRs.24427crore in Q4 FY 2013-14 on y-o-y basis.Net Interest Income of the Bank registered a growthof 13.16 per cent from Rs.5738 crore in FY 2012-13 to Rs.6493 crore in FY 2013-14 on y-o-y basis.Non Interest Income of the Bank has increased by15.35 per cent from Rs.1667 crore in FY 2012-13to Rs.1923 crore in FY 2013-14. Operating Profit ofthe Bank stood at Rs.3238 crore in FY 2013-14 ascompared to Rs.3173crore as on March 2013 reg-istering y-o-y growth of 2.05 per cent. Bank re-corded Net Profit of Rs.162 crore in Q4 FY 2013-14

vis-à-vis Net Profit of Rs.62 crore in Q3 FY 2013-14. However, Bank recorded Net Loss of Rs.1263 crore as onMarch 31, 2014. Gross NPA to Gross Advances has increased to 6.27 per cent in Q4 FY 2013-14 from 4.80 percent of previous year as on 31st March 2013.Net NPA to Net Advances increased to 3.75 per cent in Q4 2013-14from 2.90 per cent of previous year.

Andhra Bank Q4 net decline sAndhra Bank has posted 75% fall in net profit at Rs 880 million for

the fourth quarter ended on March 31, 2014 as compared to Rs 3.44billion for the same period, a year ago on account of double increase inprovisioning at Rs 6.66 billion during the quarter. Total income earned bythe PSU lender grew by 9.3% to Rs 40.57 billion as against Rs 37.13billion for the corresponding period in 2012-13 fiscal. On a yearly basis,

Andhra Bank recorded 66% decline in net profit at Rs 4.35 billion in 2013-14 fiscal as against Rs 12.89 billion in 2012-13 fiscal. Total income increased by 12% to Rs 156.3 billion as compared to Rs 139.57 billion in the year ago period.The gross non-performing assets (NPAs) was recorded at Rs 58.58 billion at the end of March quarter in last fiscal.

PNB Q4 Profits DipPunjab Na-

tional Bank (PNB)saw its Q4 profitsdipping to Rs 806crore as of March2014 against Rs 1131 crore last year. But operatingprofit of the bank for the fiscal year ending March2014 actually grew by 4.4% to reach Rs 11,384 croreagainst s 10,907 crore in March 2013. Announcing thefinancial results for the fourth quarter and the annualresults for 2014. PNB Chairman and Managing Direc-tor K R Kamath told pressmen today that the net profit

of the bank for the financial year ending March 2014 amounted to Rs 3343crore against Rs 4748 crore last year. Total income during FY 14 rose by3.7% to Rs 47,800 crore. The total business of the bank crossed Rs eightlakh crore mark. Business rose to Rs 8, 00,666 crore as against Rs 7,00,356 crore in March 2013 showing a year on year growth of 14.3%. Netinterest income during FY 14 rose by 8.7 % to reach Rs 16,146 croreagainst Rs 14,849 crore in FY 13. Net interest income during Q4 FY 14 roseby 6% to reach Rs 4002 crore against Rs 3776 crore in Q4 FY13. Depositsof the bank rose to Rs 4, 51,397 crore as on March end 2014 from Rs 3,91,560 crore as on March end 2013 showing a year on year growth of15.3%. Referring to Non-Performing Assets (NPAs), Kamath said that as onMarch 2014, gross NPAs stood at Rs 18,880 crore with a gross NPA ratio of5.25%. And as on March 20-14, net NPAs stood at Rs 9917 crore with a netNPA ratio of 2.85%. Kamath said that there was a board level monitoringcommittee to review NPAs. The committee meets once a month to takestock of the situation. He pointed out that the bank had launched a specialrecovery campaign last year and it had achieved the targeted results.

Oriental Bank of Commerce cuts fixeddeposit rates by up to 1%

State-owned Ori-ental Bank of Com-merce (OBC) todayslashed fixed depositrates by up to 1 per

cent on select maturities.The announcement comes on the heels of RBIcutting key policy rate by 0.25 per cent earlier this month. The fixed depositrate for maturities ranging from 31-45 days has come down to 6 per centfrom 7 per cent, OBC said in a statement. At the same time, term deposit of180-269 days will earn 0.5 per cent lower interest rate at 8 per cent fromearlier rate of 8.50 per cent, while interest rate on 91-179 days has comedown by 0.25 per cent at 7.75 per cent. However, interest rate on 46-90days deposit remains unchanged at 7 per cent. The revised FD rates effec-tive today will apply to deposits below Rs 1 crore, it said. The central banklowered the short-term lending (repo) rate to 7.25 per cent from 7.50 percent, lowest since May 2011 while retaining the Cash Reserve Ratio forbanks unchanged at 4 per cent.

‘Insurers In A Bind Over MandatoryCustomer Bank Account Details’

Life insurers including state-runbehemoth Life Insurance Corporation(LIC) are finding themselves in a trickysituation over a new regulatory re-quirement of mandatorily seeking cus-tomer bank account details at the timeof new policy sales, as premium col-lection also happens in cash in many

cases. The new norms, prescribed by the Insurance Regulatory and Devel-opment Authority (IRDA), came into effect from April 1, 2014 and make itmandatory for insurers to seek bank details of customers buying new poli-cies. Top officials at various insurers, including LIC, said they will makerepresentations before insurance sector regulator IRDA and the govern-ment for easing of these norms, or at least giving more time for compliance.Insurers also collect a significant amount of insurance premiums in cash insmaller towns where banking channels are either not widely available orused. “This is especially true for smaller ticket businesses and rural loca-tions as the cash economy is large in these places,” a senior LIC official said.“Around 40 per cent of insurance premiums come in cash and expecting allof them to have a bank account, as of today, is still premature,” he said. “Itwould still be acceptable to the industry if the regulator makes it mandatoryfor payments may be made only into customers bank accounts but keepingthat as a pre-requisite acts as a deterrent.” A top IRDA official said they havebeen informed by some insurers about their apprehensions about the newnorms. He, however, said that there are bank-promoted insurers also in theindustry, whose 70 per cent business come from bank customers and theyface little problem on this front.

The official, however, admitted that market share and reach of suchinsurers are limited compared to behemoth like LIC and some other privateinsurers. “Companies like LIC that have a huge footprint, and are present inareas where banking has not reached, would face a larger problem,” anofficial at the state-run insurer said. As per the new norms, insurers havebeen asked to remit proceeds of all claims, maturity payments and anyother sum due to policyholders or nominees only through electronic transferof funds to their bank accounts.

ABN AMRO to cut 400 jobs as profitplunges 17 per cent

Dutch banking major ABNAMRO today said it will cut 400 jobsas part of a reorganisation drive andthe reductions will be done throughnatural attrition and internal reallo-

cation. The bank announced reorganisation in the commercial and merchantbanking divisions in order to further improve efficiency. “The reorganisationis expected to lead to a reduction of approximately 400 FTEs (full-timeequivalent), part of which will be realised through natural attrition and internalreallocation,” the bank send while announcing its first quarter numbers. AMBAMRO’s net profit for the first quarter of 2013 stood at 415 million euro, 17per cent lower than the corresponding period a year ago (503 million euro),but was significantly higher compared with the loss of 38 million euro in thefourth quarter of 2012.


Tourism Where to go...

500-Year-Old Banyan Tree Gets Tourist SpotStatus in Odisha

Kendrapara: A 500-year-old banyan tree, mute witness to times gone by, has beenaccorded tourist spot status at Sakhibata in Kendrapara district. The gigantic tree, spreadacross 1.3 acres of land with about 600 trunks and sub-trunks, has been granted the touristspot status by the state government following visits of tourists in the area throughout the year,District Tourist Officer Bijoy Kumar Mohanty said today. Funds have been sanctioned forbuilding tourism infrastructure. A project has been permitted to have good road connectivity tothe place. Besides a tourist cottage is being built, Mr Mohanty said. The banyan tree withstoodthe devastating 1999 super cyclone. A 200-year-old temple is still intact at the spot. The templeis also a reminder of historic importance of the place, he said.

Cyprus Bets on Modi Government,Tourism to Boost Bilateral Ties

New Delhi: Keen to further boost bilateral ties with India under the incoming government ledby Narendra Modi, Cyprus is looking to bolster tourism activities as well as make the islandnation a shooting destination for Indian film makers. Cyprus, the seventh largest source of FDI(foreign direct investment) into the country, is also pinning hopes on the new Indian regime to sortout tax issues which has created “immense obstacles” for investment activities between the twosides. Striking an optimistic note, a Cyprus Foreign Ministry spokesperson said that a visit toIndia by the country’s President Nicos Anastasiades would help in creating a new atmosphere.Emphasising that Cyprus and India have traditionally had close ties, the official said the islandnation was looking forward to the new government in New Delhi so that bilateral ties can befurther enhanced and strengthened.

”The areas of trade, investments and commerce remain of primary importance, while at thesame time we are looking to boost tourism in both directions,” the spokesperson told PTI.”In addition, Cyprus being a ‘natural studio’ is trying to establish itself as a shooting destination forIndian film productions, which in itself will enhance tourism and cultural relations.” Many Indianfilms have been shot in Cyprus, known for its scenic beaches and natural beauty.

Australia issues record 100,000 tourist visasto Indians in FY14

In the previous financial year 2014 (2013-14), Australian Tourismissued 100,000 tourist visas to Indians—the highest ever in a singlefinancial year, stated Patrick Suckling, Australia’s High Commissionerto India.

However, the total number of Indian inbound to Australia stood at173,000 in FY14, which is a 10.3 per cent rise over FY13. According todata compiled by Tourism Australia, in 2013, India was Australia’s 11th

largest inbound market for visitor arrivals and total expenditure. ”Tourism is a vital part of thebilateral relationship between India and Australia, and we expect these numbers to keep increas-ing,” said Suckling. To commemorate the issuance of one lakh tourist visas to Indians within asingle financial year, Suckling organised a brief ceremony at his official residence. The HighCommissioner felicitated New Delhi resident, Manoj Saraogi, who is the recipient of the 100,000thtourist visa for FY14, in the presence of the latter’s family. Suckling gifted Saraogi two SydneyHarbour Bridge Climb vouchers.

Delhi: Tourism Department to Renovate10 District Forums

Delhi Tourism and Transportation Development Corporation (DTTDC)has been assigned the work of renovating 10 district forums across thenational capital on a budget of rupees five crores by the Delhi govern-ment.

The Department of Food Supplies and Consumer Affairs has takenup the renovation of 10 district consumer forums in east, north-east,west, north-west and south-west districts, Commissioner (F&S) S SYadav said. Besides this, the renovation of district forum south-I and

south-II is already under progress through the Public Works Department. The remaining districtforums of New Delhi and Central district have already been renovated last year. Mr Yadav furthersaid that the Department has also sanctioned renovation of the State Commission at a cost ofRs. 35 lakh. The District forums and State Commission have been set up for the protection ofinterest of consumers and faster settlement of consumer disputes. The main objective of theseforums is to provide speedy and simple redressal to consumer disputes and avoid consumers’exploitation. Last year, 7752 cases were filed in the District Forums in Delhi and 8431 cases weredisposed

Rohtang Pass Reopens After Five MonthsManali: The snowbound Rohtang Pass, gateway to the adventure tourism destination of

Lahaul valley in Himachal Pradesh, reopened for traffic after remaining closed for five months, anofficial said on Saturday.

The pass, located at 3,978 metres in the Pir Panjal mountain range, was closed for trafficsince November due to heavy snowfall. ”State-run buses between Manali and Keylong townsstarted plying from today (Saturday),” Lahaul-Spiti Deputy Commissioner B.S. Thakur told IANS.The idyllic Lahaul Valley attracts a number of backpackers, especially foreigners.

Chaukori , KMVN Ltd. Uttarakhand

Chaukori is a dream, surrounded by the tow-ering Himalayan peaks and dense forests. Ata height of 2,010mts above the sea level and173kms away from Nainital, Chaukori is notjust another hill station, but it’s for the very fewwho want to be there, in the majestic proximityof the Himalayas for an unbound view of theNanda Devi and Panchchuli peaks. Chaukoriis one of the few places in Kumaon, where youwill find tea gardens. As the name suggests,it’s like a bowl, cupped within the Himalayanheartland. It is an idyllic holiday resort amidstunspoilt nature, a land bestowed with naturalabundance, fruit orchards and the jungles ofPines, Oaks and Rhododendrons. One of themost magnificent aspects of holidaying Chaukori is the fabulous sunrise and sunset that you aretreated to.

MAHABALESHWARDistances: Mumbai to Mahabaleshwar via

Mahad is 220 kms Mumbai to Pune is 180kms & further Pune to Mahabaleshwar is 120kms. Panchgani to Mahabaleshwar is 20 kms.Area: Vast green plateau of about 150 sq. kms.Height: 4500 feet above sea level. Seasons: October, Diwali & X’mas holidays &summer. Hotels are open round the year evenduring the rainy seasons.

The jungle of Mahabaleshwar is thick &produces many commercial as well as me-dicinal trees & plants. The wild life is limited tofoxes, jackals, & wild boars. Deers & bisonsare found in the brahma aranya area. Pan-thers are rare. The famous bird in the urdu

poetry, Bulbul is found everywhere in the plateau. The weather of Mahabaleshwar & healthy &contains an ideal of 20% oxygen which is often agumented in foggy weather of late summers &early monsoon, when the pleateau is covered by thick mist. The water contains a meagerpercentage of iron which helps to increase hemoglobin in the blood.

SOME FACINATING INFORMATIONMahabaleshwar was established as a health resort in 1829 AD. It was a jail for chinese &

malay convicts from 1834 to 1864. The capacity of the jail was 120 prisoners. These prisonersintroduced cultivation of red potatoes, strawberries & waeving of cane & bamboo baskets. Manyof the prisoners stayed at Mahabaleshwar after they were released Short History MaharajaPratapsinha of Satara (1818 to 1839) engineered a scheme to develop M’war as a health resort.sir John Malcolum, the first governer to visit Mahabaleshwar in 1828, established M’war in 1829.Sir Charles Malet, the first resident in Pune darbar of the Peshwas in 1791 happens to be the firsteuropean to step on this plateau. Novelties of Mahabaleshwar An evergreen vast plateau withlong beautiful roads, horse rides & foot paths along forest. Honey & chikki, channas, walingsticks. Fruits like strawberries, raspberries , goose berries & muberries. Vegetables like redpotatoes, french beans, beets, salad, carrots, raddishes. Boating in Venna lake. SIGHTSEEINGOF VARIOUS POINTS Wilson Point, Connaught peak ,Elphiston point, Marjorie Point, CastleRock, Arthur’s Seat, Baghdad Point, Panchgani Point etc. Famous Places in the vicinity ofMahabaleshwar Pratap Gadh and Table land.


ubZ fnYyh A ikfdLrkuh ç/kkuea=h uokt �kjhQ Hkkjr ls viuseqYd ykSV x, gSaA muds tkus dsckn tgka mudh csVh efj;e �kjhQus eksnh dks �kqfØ;k dgk gS] oghaikfdLrku ds fØdsVlZ esa Hkh fj�rscgkyh dh vkl tx xbZ gSA �kkfgnvQjhnh vkSj �kks,c v[rj lfgrdbZ vU; ikfdLrkuh fØdsVjksa usHkkjr ds lkFk fØdsV fj�rksa dkslkekU; cukus dh odkyr dh gSAmUgksaus vk�kk trkbZ gS fd uokt�kjhQ us vius Hkkjr nkSjs ds chpç/kkuea=h ujsaæ eksnh ds lkFk bleqís dks mBk;k gksxkA �kks,c v[rjdk dguk gS fd Hkkjr&ikfdLrkuds yksxksa dks utnhd ykus esa fØdsVus ges�kk vge Hkwfedk fuHkkbZ gSA�kjhQ ds Hkkjr nkSjs ij v[rj usdgk] eSa cgqr [kq�k gwa fd gekjs

ç/kkuea=h Hkkjr esa gSa vkSj eq>s vk�kk gS fd nksuksa ns�kksa ds ç/kkueaf=;ksa ds chp ckrphr esa fØdsV dk elykmBk gksxkA ;g t:jh gS fd nksuksa ns�kksa ds chp fØdsV ds fj�rs cus jgsaA

efj;e us dgk �kqfØ;k& ikfdLrku ds ç/kkuea=h uokt �kjhQ tcHkkjr vk, rks ç/kkuea=h ujsaæ eksnh us mUgsa ,d �k�y HksaV fd;kA ;g �k�y�kjhQ dh eka ds fy, FkkA tc og �k�y dks ysdj ikfdLrku igqaps rksmudh csVh efj;e �kjhQ us bl rksgQs ds fy, eksnh dk �kqfØ;k vnkfd;kA efj;e us fV~oVj ij fy[kk] ^esjh nknh ds fy, bruk cf<?;k �k�yfx¶V djus ds fy, vkidks cgqr&cgqr /kU;okn ç/kkuea=h ujsaæ eksnhA esjsfirk us [kqn vius gkFkksa ls ;g rksgQk nknh dks fn;kA*

efj;e �kjhQ Hkkjr&ikfdLrku ds vPNs fj�rksa dh iSjksdkj jgha gSaAç/kkuea=h eksnh ds �kiFk xzg.k lekjksg esa �kkfey gksus ds fy, uokt�kjhQ dks Hkkjr Hkstus esa mudh Hkwfedk dkQh vge jgh gSA eksnh us tc�kjhQ dks fuea=.k Hkstk Fkk rks muds Hkkjr vkus ij la�k; cuk gqvk FkkAnks fnu rd bl ij QSlyk Hkh ugha gks ik;k FkkA crk;k tkrk gS fd cknesa efj;e us vius firk dks Hkkjr tkus ds fy, euk;kA mUgksaus Hkkjr dsU;kSrs dks ldkjkRed igy crkrs gq, vius firk ls bls eatwj dj ysus dksdgk FkkA tc �kjhQ ds Hkkjr tkus dh iqf�V gks xbZ Fkh rc Hkh efj;e usnksuksa ns�kksa ds fj�rksa dks ubZ ÅapkbZ nsus dh odkyr djrs gq, V~ohV fd;kFkkA rc mUgksaus fy[kk Fkk] ^D;ksa Hkkjr vkSj ikfdLrku vrhr ds dSnh cusjgsa\ nksuksa dks vkilh nq�euh Hkqykdj u, fljs ls �kq#vkr djuh pkfg,A*

ubZ fnYyhA ç/kkuea=h cuus dsckn eksnh dh yksdfç;rk esa tcjnLrbtkQk gqvk gSA xwxy lpZ ds vk/kkjij tc geus bl ckr dk vkdyufd;k rks ;g lkQ gqvk fd xwxy lpZij yksx ujsaæ eksnh vkSj mudh ljdkjdh dSfcusV dks ysdj vf/kd Østh FksA

fiNys ,d lIrkg esa xwxy lpZ esauj s aæ ek snh dh oM Z 225 Qhlnhvf/kd lpZ fd;k x;k gSA �kiFk xzg.klekjksg ls ,d fnu igys ls eksnhljdkj dks ysdj yksxksa esa Øst fn[kuk�kq# gqvk vkSj vxys fnu ;g 225Qhlnh rd c<+ x;kA

xwxy VªsaM ij eksnh ¼19 ls 25½]19 ebZ& 25 Qhlnh yksxksa us ujsaæeksnh dks xwxy ij lpZ fd;k] 22ebZ& 50 Qhlnh yksxksa us ujsæ eksnhdks lpZ fd;k] 23 ls 24 ebZ& 25Qhlnh yksxksa us lpZ fd;k] 25 ebZ &225 Qhlnh yksxksa us lpZ fd;kA

kegÀmeea mebYeeueles ner ceesoerkeÀer ueeskeÀefHe´³elee 225HeÀermeoer ye{er

MeHeLe ie´nCe ceW efnboer keÀe yeesueyeeueeeqacbZA ujsaæ eksnh vkSj muds lkFk �kiFk ysus okys 45 eaf=;ksa o jkT;

eaf=;ksa esa ls 36 us fiNys ekg lkseokj dks ns�k esa lcls T;knk cksyh ,oa le>htkus okyh Hkk�kk fganh esa �kiFk yhA vke pquko esa Hkktik us u flQZ iw.kZ cgqergkfly fd;k cfYd ns�k ds pkjksa dksuksa esa viuh mifLFkfr Hkh ntZ djkbZA bupkjksa dksuksa esa ls rhu ds lkaln ea=h in dh �kiFk fganh esa ysrs fn[kkbZ fn,Ans�k ds lcls mÙkjh jkT; tEew&d�ehj dk çfrfuf/kRo djus okys Å/keiqj dslkaln M�- thrsaæ flag] iwohZ Nksj v#.kkpy çns�k ls lkaln fdj.k fjfttw vkSjif�peh jkT; xqtjkr ls vkus okys [kqn ujsaæ eksnh lfgr vU; eaf=;ksa Lef̀rbZjkuh o eulq[k /kuth olkok us fganh esa �kiFk yhA Hkkjr ds pkSFks dksus dU;kdqekjh ls thrdj rfeyukMqesa Hkktik dk [kkrk [kqyokus okys jk/kkd̀�.k oh us gh vaxzsth esa �kiFk yhA dbZ vfganhHkk�kh jkT;ksa ds lkalnksa us Hkhfganh esa ea=h in dh �kiFk yhA buesa egkjk�Vª dk çfrfuf/kRo djus okys Hkktik ds ea=h rks Fks gh] vDlj fganhHkkf�k;ksadks fu�kkuk cukus okyh f�kolsuk ds vuar xhrs Hkh �kkfey FksA mM+hlk ls lkaln tq,y vksjkao vkSj xksok ds lkalnJhin ukbd Hkh fganh esa �kiFk ysrs fn[ksA ysfdu] fganhHkk�kh {ks= ihyhHkhr ls thrdj laln esa igqapha esudk xka/kh usvaxzsth esa �kiFk yhA lkseokj dks igyh ckj Hkkjrh; ç/kkuea=h ds �kiFk xzg.k lekjksg esa lkr lkdZ ns�kksa ds usrkHkh �kkfey gq,A buesa ls rhu ns�kksa ikfdLrku] ckaXykns�k vkSj usiky esa fganh cksyh o le>h tkrh gSA

veJeepe MejerHeÀ keÀer yesìer ves keÀne Megefke´À³ee

ceesoer kesÀ efue³es yevesieer Keeme megjbieubZ fnYyhA ujsaæ eksnh ns�k ds

,sls igys ih,e gksaxs] ftuds iklvius ?kj 7 vkjlhvkj ls lQnjtax,;jiksVZ tkus ds fy, ,d [kkllqjax gksxhA djhc Ms<+ fdeh yach;g lqjax nks eghus es a rS;kj gkstk,xhA ehfM;k esa vkbZ [kcjksa dseqrkfcd] ;g lqjax deky vrkrqdZekxZ] xksYQ dkslZ vkSj lQnjtax

vLirky ls gksdj xqtjsxh vkSj lQnjtax fLFkr gsfyd�IVj gSaxj ij[kRe gksxhA ç/kkuea=h vkokl vkSj lQnjtax ,;jiksVZ ds chp dh nwjh3 fdeh gSA

D;k gS edln& Vuy dks cukus dk edln ih,e dks lqjf{kr jkLrkmiyC/k djkuk gSA blds vykok] ih,e ds ewoesaV gksus ij VªSfQdMk;otZu ls gksus okyh ijs�kkfu;ksa ls vke yksxksa dks cpkuk gSA

Mh,evkjlh djsxh fuekZ.k& crk nsa fd bl Vuy dk fuekZ.k dsaæh;yksd fuekZ.k foHkkx us 2010 esa �kq: fd;k FkkA fuekZ.k dk;Z ijbaVsfytsal C;wjks utjsa j[kk gqvk gSA [kcjksa ds eqrkfcd] yksd fuekZ.kfoHkkx us Mh,evkjlh dks bl çktsDV ds fy, pquk gSA xkSjryc gS fdbafnjk xka/kh baVjus�kuy ,;jiksVZ tkus ds fy, lQnjtax ,;jiksVZ dkbLrseky ih,e] jk�Vªifr] mi jk�Vªifr vkSj ,lihth ls lqj{kk ik, vU;ohohvkbZih djrs gSaA vesfjdk vkSj nwljs ;wjksih; ns�kksa esa Hkh jk�Vªk/;{kksads ?kj ls ,;jiksVZ tkus ds fy, xqIr lqjax gksrh gSA

xka/khuxjA xqtjkr esa fo|ky;ds Nk= vc ç/kkuea=h ujsUæ eksnhds thou ls usr̀Ro ds ikB lh[ksaxsD;ksafd jkT; ljdkj us bls vxyso�kZ ls ikBîØe esa mudh thouh�kkfey djus dk fu.kZ; fd;k gSAxqtjkr ljdkj ds bl fu.kZ; lsukjkt eksnh us xqtjkr ds f�k{kkea=h ls bl ij ckr dh vkSj QSlykokil ys fy;k x;kA blls igysxqtjkr ds f�k{kk ea=h HkwisaæflagpwM+klek dgk Fkk fd geus eksnhds thou ds lHkh egRoiw.kZ v/

;k;ksa dks çkFkfed fo|ky; ds ikBîØe esa �kkfey djus dk fu.kZ; fd;kgSA mUgksaus dgk Fkk fd bu v/;k;ksa esa muds tUe ls �kq: gksus okys?kVukØe] muds ifjokj dh i`�BHkwfe] fo|ky; ds fnu] mUgksaus viusthou ds fofHkUu Lrjksa ij fdl rjg ls la?k�kZ dk lkeuk fd;k vkSj ;gHkh �kkfey gksxk fd muds lk/kq cuus ds fu.kZ; ds ihNs dkSu lhifjfLFkfr;ka FkhaA xqtjkr dh rjg e/;çns�k ljdkj Hkh vius ;gka cPpksadks eksnh dh thouh dks i<+kus dh rS;kjh dj jgh FkhA eksnh us V~ohV djdgk fd eSaus [kcjksa esa i<+k fd dqN jkT; ujsUæ eksnh ds thou ds la?k�kksaZdks vius Ldwyh ikBîØe esa �kkfey djuk pkgrs gSaA

ceesoer veejepe, ye®®es veneR Heæ{ mekeWÀiesHeerSce ceesoer keÀer peerJeveer

ceesoer keÀe ve³ee ceb$e, pewmee keÀece Jewmeer mewuejer;wih, ljdkj esa ihvkjvkbZ,l dks ykxw

ugha fd;k tk ldk Fkk] gkykafd ljdkj us blsviuh lS)kafrd eatwjh ns nh FkhA ekuk tk jgkgS fd MhvksihVh ih,e ds le{k bl Ldhe dhmu çeq[k ckrksa dks j[ksxk] ftlls ç�kklu dsdkedkt esa lq/kkj yk;k tk ldrk gSA

,d ofj�B vf/kdkjh us crk;k fd ç/kkuea=h}kjk eatwjh feyus ds ckn bl laca/k esa foLr̀rfn�kkfunsZ�k rS;kj fd, tk,axsA ;wih, ljdkj

ds nkSjku rS;kj fn�kkfunsZ�kksa çn�kZu ds vk/kkj ij gh bulsafVo fn;ktk,xkA orZeku esa 50 yk[k ls T;knk dsaæ ljdkj ds deZpkjh gSaA

ubZ fnYyhA ujsaæ eksnh ljdkj jfo�kadj çlkn vkSj çdk�k tkoM+sdjdks viuk vkf/kdkfjd çoäk fu;qä dj ldrh gSA dsaæh; dSfcusV esa blij QSlyk gksus dh mEehn gSA njvly] ç/kkuea=h ujsaæ eksnh us viuseaf=;ksa dks vuko�;d c;kuckth ls cpus dh lykg nh gSA blh fn�kkesa ekuk tk jgk gS fd dkuwu ea=h çlkn vkSj lwpuk çlkj.k ea=htkoM+sdj dks vkf/kdkfjd çoäk fu;qä fd;k tk ldrk gSA dsaæljdkj ds QSlyksa dh vkf/kdkfjd tkudkjh ;s nksuksa ea=h gh nsaxsA ckdhfdlh ea=h dks cksyus dh vuqefr ugha gksxhA ekuk tk jgk gS fd gkyds c;kuksa ds ckn mBs fooknksa dh fLFkfr ls cpus ds fy, eksnh us ;gQSlyk fd;k gSA

ceesoer keÀe ve³ee ceb$e, pewmee keÀece Jewmeer mewuejer


Corporate Nita Ambani to be appointed to Reliance Industries board

Nita Ambani, wife of Reliance Industries chairman Mukesh Ambani, has been recommended for appointment asa director on the board of the company. Nita, 50, will take the place of Mukesh’s uncle Ramnik H Ambani, who isretiring at the age of 90. “The board of directors of RIL has recommended the appointment of Nita M. Ambani, theChairperson of Reliance Foundation, as a director on the board of RIL,” the company said on Friday in a statement.

Shareholder approval for her appointment will be sought at the annual general meeting on June 18. The RILboard, headed by Mukesh Ambani, 57, currently has his cousins Nikhil R Meswani and Hital R Meswani, besidesRamniklal H Ambani. Ramniklal is the elder brother of Dhirubhai H Ambani, the late Founder Chairman of thecompany and father of Mukesh. P M S Prasad and P K Kapil are the only non-family executive directors on thecompany board. The statement said Nita Ambani has made a significant contribution to the social sector by leadinginitiatives spanning education, health, rural transformation, environmental protection and sports.

“She was at the forefront of the ecological development of RIL’s Jamnagar refinery site by implementing agreening plan covering 3.2 million trees over 2,000 acres. She also developed a world-class township in Jamnagar,setting new standards in quality of life,” it said. For the company’s retail arm, Reliance Retail, she conceptualised andguided its corporate identity development across all formats. She is also Founder and Chairperson of the DhirubhaiAmbani International School. “Her professional accomplishments and leadership skills will add significant value tothe Board of RIL,” the statement said.

PepsiCo to source cashew, benefit 15,000 Indian farmersGlobal foods and beverages major PepsiCo will source cashew

from small farmers in Maharashtra under its new partnership withthe Clinton Foundation that will benefit up to 15,000 growers.

Cashew will be sourced from more than 2,000 small farmers in2014, with plans to scale the opportunity to as many as 15,000 ofthem over the next five years for the company’s local juice busi-ness requirement, PepsiCo said in a statement. The move is aimedat spurring social and economic development in emerging marketsunder a model founded by former US president President Bill Clintonand philanthropist Frank Giustra.

“It will also scale up and strengthen India’s cashew supplychain to build the future potential of a domestic and export market,”it added. Clinton said: “Committed partners like PepsiCo demon-strate the tremendous impact that social enterprises and the pri-

vate sector can make when they work together to solve business problems that also advance social good.”Expressing similar sentiments, Giustra said: “We believe that by creating, scaling and replicating social enterprisesin selected value chains we can help disadvantaged populations work themselves out of poverty.” PepsiCo Chair-man and CEO Indra Nooyi said the initiative embodied ‘Performance with Purpose’, the company’s recognition thatits success is inextricably linked to society’s success.

“Sustainable agriculture is critical to PepsiCo’s supply chain and we have a long history of working with localfarmers around the world in ways that strengthen our business and the communities in which we operate,” she said.

Nooyi further said: “This partnership is a great example of aligning business and societal priorities, and we seegreat potential in continued collaboration with the Clinton Foundation.” The programme’s first India cashew harvestis currently underway. PepsiCo India plans to begin incorporating the fruit into some of its blended juice productsstarting in Spring 2015, the company said. The programme will apply modern agricultural techniques to improvecashew farming practices, boost yields and productivity, and increase income for local smallholder farmers, itadded. The company said Clinton Giustra Enterprise Partnership’s approach has been designed for replication invalue chains throughout the world and is currently catalysing similar supply chain enterprises in Latin America andHaiti. The programme’s first India cashew harvest is currently underway.

ITC Q4 net profit up 18 per cent, sales volumes fallITC Ltd, India’s biggest cigarette maker, has said its

fourth-quarter net profit grew 18 per cent, beating estimates,as price hikes and a pick-up in low-cost cigarette consump-tion boosted margins, even as sales volumes fell.

The company, nearly 25 per cent-owned by British Ameri-can Tobacco, said in a statement net profit rose to Rs 22.78billion ($389.37 million) for the quarter ended March 31,2014,from Rs 19.3 billion a year earlier. That was slightly ahead ofthe Rs 22.16 billion analysts had forecast, according toThomson Reuters Starmine Estimates.

Higher taxes and tighter anti-smoking regulations in sev-eral Indian states have cut into sales at the company, whichmakes four out of every five cigarettes sold in India. Salesvolumes fell 3 per cent as customers cut discretionaryspending, but a sharper fall was arrested by cheaper smokeswhose sales begun to pick up, according to three analystsbriefed by the company. “The upcoming federal budget willbe key to finding out how the government decides to tax thiscategory and which way volumes are headed for the rest ofthe year,” said V. Srinivasan, analyst with Angel Broking. Totalrevenue rose 12 per cent in the quarter to Rs 91.45 billionfrom Rs 81.2 billion a year earlier. ITC generates about half

its revenue from cigarettes, but also owns hotels and makes products including soap and shampoo. It said revenuefrom its non-cigarette consumer business grew 13 per cent to Rs 23.1 billion. Shares in ITC ,India’s fourth-biggestcompany by market value and a staple for fund portfolios, traded 0.4 per cent up after the results were releasedwhile the benchmark BSE Sensex was up 0.78 per cent. ITC stock has risen about 7 per cent since the start of theyear while the BSE consumer index has risen 4 per cent.

Forbes’ most powerful women:SBI’s Arundhati Bhattacharya & ICICIBank’s Chanda Kochhar in list

State Bank of India Chairperson Arundhati Bhattacharya and ICICI BankManaging Director Chanda Kochhar are among the five women from Indiafeatured in Forbes’ 100 most powerful women in the world, a list topped byGerman Chancellor Angela Merkel. Bhattacharya is ranked 36th on thepower list, while Kochhar is 43rd. Biocon founder Kiran Mazumdar-Shaw isranked 92nd on the list. PepsiCo’s India-born Chief Indra Nooyi is 13th onthe list while Cisco’s Chief Technology and Strategy Officer PadmasreeWarrior is ranked 71st on Forbes’ “definitive annual guide to the extraordi-nary icons and leaders, groundbreakers and ceiling crashers who com-mand the world stage.” Merkel, who retained her numero uno spot this year,has made the list 10 times out of the past 11 editions and nine times as No.1. Merkel is followed by Chair of the US Federal Reserve Janet Yellen,philanthropist Melinda Gates (3), former US Secretary of State Hillary Clinton(6), General Motors’ first woman CEO Mary Barra (7), First Lady MichelleObama (8) and Facebook COO Sheryl Sandberg (9).

Forbes said as the head of India’s largest lender with about USD 380billion in assets, Bhattacharya holds “one of the most powerful positions” onthe Asian subcontinent. “Not only is she the first woman appointed to theposition, but she is also the youngest at age 57,” it said. Bhattacharya hasserved almost every function within the company, including foreign exchange,treasury, retail operations, human resources and investment banking.

Lalitanjali Group to set upRs 650-crore steel industrial park

Hyderabad-headquartered LalitanjaliGroup, focused on strategies, industry entryplanning, market research and raw materialsources, is planning to set up what it claims tobe the country’s first steel industrial park, inVisakhapatnam with an investment of Rs 650crore, according to chief executive officer

Rahul Rao. “About Rs 100 crore will be invested in acquiring over 100 acre,and the process is already under way. The remaining will be spent on expan-sion and creation of facilities. While we have managed to raise funds throughprivate finance options based on collaterals to certain extent, we are cur-rently in talks with public-sector banks for long-term association as theyhave a major role to play in pre and post-operations,” he said.

The proposed industrial park will house 15 to 20 ancillary units guided bya pilot company, and facilities like an effluent treatment plant, water treat-ment plant, guest house, labour quarters, educational institute to offer aspecial diploma in steel industry, truck and container terminals, raw materialstorage, an end-product storage house, flyash brick manufacturing internalmaterial handling logistics, police station and a hospital.

Oris introduces a 10-day powerreserve movement with a non-linearpower reserve indication to mark thecompany’s 110-year anniversaryand 110 years of movement manu-facturing The new Oris 110 YearsLimited Edition in stainless steel,powered by Calibre 110. The dial hasa non-linear power reserve indica-tion. This is the first time this compli-cation has been paired with a 10-day power reserve. The new Oris

110 Years Limited Edition in solid 18 carat rose gold, powered by Calibre 110.The dial has a non-linear power reserve indication. This is the first time thiscomplication has been paired with a 10-day power reserve.

Oris Calibre 110

Nissan to recall over 22,000Micra, Sunny cars in India

Japanese car giant Nissan will recall 22,188 units of its small car Micraand sedan Sunny in India due to faulty braking system, as part of a globalexercise to rectify the problem. The company’s wholly-owned subsidiaryNissan Motor India will recall the vehicles, which were produced betweenJune 2012 and March 2013. “Nissan is conducting a voluntary recall cam-paign on approximately 67,089 Micra and Sunny vehicles in Africa, Asia,Europe, India (22,188), Latin America and Caribbean, and Middle Eastmarkets to replace the master brake cylinder,” a Nissan Motor India spokes-person said. She, however, said the company has not received any com-plaint in India so far and this is a voluntary recall. Elaborating on theproblem, the official said: “When operating the braking system under lightbraking force, the customer may experience longer brake pedal travel.

“In extreme cases, reduced braking performance may occur and as aresult the braking distances required to stop the vehicle will increase.”


Government of India appointments......IPS IAS

Paliwal DIG,BSFAnil Paliwal is all set to move on central deputa-

tion as DIG, BSF. The 1994 batch IPS officer ofRajasthan cadre is presently serving as IG(Reorganisation) at PHQ, Rajasthan Police

Purohit Director,SFSLDr Hemant Kumar Purohit has been assigned an

additional charge of Director, State Forensic ScienceLaboratory (SFSL), Jaipur. He is a 1985 batch IPSofficer of Rajasthan cadre.

Singh DIG,CRPFDr Kamal Kishore Singh has been deputed to Government

of India as Deputy Inspector General of Central Reserve PoliceForce (CRPF) under the Ministry of Home Affairs. He is a 1996batch IPS officer of Bihar cadre.

IFSSubrata Ambassador

Subrata Bhattacharjee, presently Ambassadorof India to Guatemala City, has been concurrentlyaccredited as the Ambassador of India to the Republicof El Salvador, with residence in Guatemala City.

Rahul Ambassador,TurkeyRahul Kulshreshth currently Joint Secretary at MEA Head-

quarters, has been appointed as the next Ambassador of Indiato the Republic of Turkey .He is a 1985 batch Indian ForeignService officer.

Jain Amba.,KazakhstanHarsh Kumar Jain currently Joint Secretary in the Ministry

of External Affairs, has been appointed as the next Ambassa-dor of India to the Republic of Kazakhstan. He is a 1993 batchIndian Foreign Service officer.

Rakesh to join GoIPunjab Chief Secretary Rakesh Singh is all set to join the

Government of India in a month or two. He is a 1978 batch IASofficer of Punjab cadre.

Vidyashankar Presient,IESAFormer Karnataka cadre IAS officer M N Vidyashankar has

been appointed President of the India Electronics and Semicon-ductor Association (IESA), which represents the Indian elec-tronic system design and manufacturing (ESDM) industry.

Meena Jt.Sec,SJ&E,GoIBabu Lal Meena has been appointed Joint Secretary in the

Department of Social Justice and Empowerment .He is a 1991batch IAS officer of Uttar Pradesh cadre.

Yadav Addl.Sec & FARajiv Yadav has been appointed as Additional Secretary

and Financial Adviser, Department of Fertilizers under the Min-istry of Chemicals and Fertilizers. He is a 1981 batch IAS officerof Assam-Meghalaya cadre.

GargJt.Sec.,DEASaurabh Garg has been appointed Joint Secretary in the

Department of Economic Affairs (DEA). He is a 1991 batch IASofficer of Odisha cadre.

Biswas Prl. Sec., Kerala CMSubrato Biswas has been appointed as Principal Secretary

to Kerala Chief Minister Oommen Chandy. He is a 1985 batchIAS officer

Tandon JS,BankingJS, Disinvestment, Alok Tandon, has been moved to the

Department of Financial Services in the same capacity. He is 1986 batch

IAS officer of Uttar Pradesh cadre.

Nair Sec., to Mr.SinghMurlidhar Nair will be Secretary to Manmohan Singh, the outgoing Prime

Minister. He has been associated with Singh for the last 20 years.

Indu joined World BankPS to Outgoing Prime Minister Manmohan Singh, Indu Shekhar

Chaturvedi, has joined World Bank in Washington. He is a 1987 batch IASofficer of Jharkhand cadre.

Patankar Prl. Sec., to UP GovernorJhuthika Patankar has been appointed new Principal Secretary to Uttar

Pradesh Governor. Patankar is a 1988 batch IAS officer of UP cadre.

Ms.Sharma Sec.,CERCMs Shuba Sharma is all set to join Central Electricity Regulatory Com-

mission (CERC) as Secretary. She is a 1999 batch IAS officer of Odishacadre.

Masood Addl. SecNaved Masood has been given an additional charge of Secretary, Min-

istry of DONER in Government of India. He is a 1977 batch IAS officer of MTcadre.

Rashmi Addl. Sec,Dept. of CommerceRajani Ranjan Rashmi has been appointed as Additional Secretary,

Department of Commerce under the Ministry of Commerce and Industry.He is a 1983 batch IAS officer of Manipur-Tripura cadre.

Kumar Jt. Sec,NCMAjoy Kumar has been appointed Joint Secretary, National Minorities

Commission (NCM). He is a 1984 batch IAS officer of Bihar cadre.

Gomathi Jt. Sec,Panchayati RajMrs Sarada Muraleedharan Gomathi has been appointed as Joint Sec-

retary in the Ministry of Panchayati Raj for a period of five years. She is a1990 batch IAS officer of Kerala cadre.

Ms.Mohanty to join central deputationThe Government of Himachal Pradesh has relieved Ms Meera Mohanty

of cadre responsibility enabling her to join central deputation as UnderSecretary, Department of Personnel and Training (DoPT).She is a 2005batch IAS officer of Himachal Pradesh cadre.

Ahmed Jt.Sec,Agriculture,GoIShakil P Ahmed has been appointed Joint Secretary Agriculture in the

Government of India. He is a 1995 batch IAS officer of Assam-Meghalayacadre.

Prof.Gupta Member,UPSCProf Hem Chandra Gupta has been appointed new Member of the

Union Public Service Commission (UPSC).

Kumar returns to parent cadreAjay Kumar Yadav, who was working as OSD to the former Finance

Minister, P Chidambaram, has returned to his parent cadre. He is a 1996batch IPS officer of Himachal Pradesh cadre.

Prime MinisterNarendra Modi has takenalong with him all histrusted lieutenants fromGujarat, including hisPublic Relations officer(PRO) Jagdish Thakker,who was by his side like ashadow for the last 12years and handled all his appointments.

The team that has fi-nally gone to the PMOfrom the Gujarat ChiefMinister’s office includesIAS officer (1988 batch)Arvind K Sharma, whoseformal orders are yet tobe issued, and all of Modi’spersonal assistants (PAs)—Om Prakash Singh, DineshThakur and Tanmay Mehta, who willbe at PMO in Delhi with him. All hisPAs have their roots in the RSS.

Seventy-year old Thakker, whohas been the PRO to Gujarat chiefministers from the time of AmarsinhChaudhary of the Congress in 1989

to Modi, was Modi’s point person bothat his office and residence.

Thakker, a Gujarat InformationDepartment Officer, has worked withModi since October 2001 when thelatter took charge as chief minister.

The patient, soft-spokenThakker began his career as a jour-

nalist in a language paperand was retained by Modiin the CMO even after hisretirement in 2004.

For more than a de-cade now, Thakker hasmoved with Modi like hisshadow. Be it crucial meet-ings at CMO or Modi’s for-eign tours to his exhaus-tive Lok Sabha 2014 cam-paign, Thakker was Modi’sconstant companion.

Sources in the CMOtold this paper, “On May22, when Modi was aboutto take the flight for Delhi,he took Thakker by sur-prise by asking him topack his bags. Thakker

was not prepared to move yet. ButModi was keen on taking him along.”According to sources, Thakker,whose family is settled in Gujarat,may prefer to come back once Modihas settled in his new office.

All the personal assistants whomModi has retained have, like Thakker,worked with him since day one.Singh, Thakur and Mehta are fromthe RSS. Mehta was brought fromthe RSS by Modi to work with him in1987 when Modi was general-sec-retary in charge of Gujarat. He usedto spend most of his time inthe Ahmedabad Municipal Corpora-tion as the “eyes and ears” of Modi .

Tanmay, believed to be fromVadnagar, is married and lives inAhmedabad. When Modi becameGujarat’s chief minister, Mehta founda place in the CMO. Modi intends toput him in charge of the Varanasi con-stituency for which the PM has al-ready announced plans and funds.

At the Swarnim Sankul-1 inGandhinagar, which houses theCMO on the third floor, Singh, Thakurand Mehta’s name plates have al-ready been removed to make wayfor the new CM Anandi Patel’s per-sonal secretaries. They includeJignesh Desai and Keyur Sampat,who have moved from the revenueand urban development departmenton the second floor of the samebuilding.

While Singh hails from Rajasthan,Thakur comes from Uttar Pradesh.Both have managed Modi’s meetingsand schedules and functioned aslinks with other leaders and officialsfor Modi.

Bureaucrats shifted from CMO to PMO

Jagdish Thakker

Former Trai chair-man Nripendra Misrawas on Wednesday ap-pointed principal secre-tary to Prime MinisterNarendra Modi after thegovernment promulgatedan Ordinance to amend alaw that could have pre-vented him from gettingthe key post. Misra is a1967-batch retired IASofficer of Uttar Pradesh

cadre and his appointment will be co-terminus withthe term of the prime minister or till further orders,according to an order issued by the ministry ofpersonnel. 69-year-old Misra, who has served invarious capacities in the government, retired asthe chairman of Telecom Regulatory Authority ofIndia (Trai) in 2009.

Former Trai chiefNripendra Misra

Appointed Prl. Sec., to PM

Arvind likelyto be EA to PM

Arvind Panagaria may soon beappointed as Economic Adviser toIndia’s new PM Narendra Modi. Hehas been serving at University ofColumbia as professor of Economics.

Dr.Pathak PS to HMDr Krishna Kant Pathak is poised to make it as PS to the

Union Home Minister Rajnath Singh. The 2001 batch IASofficer of Rajasthan cadre is presently serving as SpecialSecretary (Public Grievances) to Chief Minister in Rajasthan.

Silas to moveNorthern Railway

Sandip Silas is poised for new stint at HQ NorthernRailway. The 1986 batch IRTS officer served as PS to theformer Minister for Road Transport & Highways, OscarFernandes.

Rohatgi new Attorney GeneralSenior advocate Mukul Rohatgi

has been appointed new AttorneyGeneral (AG) of India followingchange in Government at the Cen-tre.

Vol -3, Issue -27, June-2014, Pages - 12 Editor : Dr.Chaitanya …midnightreporter.com/Main/wp-content/uploads/2014/06/... · · 2014-06-09Vol -3, Issue -27, June-2014, Pages -

Documents