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Let noble thoughts come to us from every side First & Foremost Asian Weekly in Europe 22nd September to 28th September 2012

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Manmohan opens up Indian economy

Bollywood star Hema Malini awarded at the 12th AAA

Govt approves FDI in multi-brand retail, aviation, broadcasting & power exchanges

Sri Sri Ganapati Sachchidananda Swamiji will conduct a unique concert at the Royal Albert Hall, London on Saturday 22nd September 2012 starting 7.00 pm. He will be accompanied by five of the leading musicians from India including Anindo Chatterjee, tabla maestro, Suresh Ghatam, Dr Yella of mrudangam fame, Balasai (a flute genius), Manjunath (a violin maestro) along with Sri Swamiji’s own musicians.

Mamata withdraws support to UPA govt Trinamool Congress chief Mamata Banerjee announced that the party will withdraw its support to the UPA government. She said TMC ministers will submit their resignation to the Prime Minister on Friday. In a press conference in Kolkata, Mamata said she tried her best to make things work with the UPA govt but finally came to a decision leave because "the way they function is not acceptable". She said the Congress does not consult allies and that they function on their own. because of opposition from key UPA allies such as the Trinamool Congress. The government also approved foreign direct investment in aviation, broadcasting and power exchanges. The decision means that foreign airlines will now be allowed to invest as much as 49 per cent in the Indian carriers. Also, the FDI cap on various streams of broadcast services has been raised

to up to 74 per cent. In another important decision, the government approved the disinvestment of five Public Sector Units (PSUs), including Oil India (10 per cent), Nalco (12.5 per cent) and Hindustan Copper (9.59 per cent). The move by the government evoked sharp reactions from key UPA ally, the Trinamool Congress. The party said that it would protest against the move and asked the government to review its decision. India Inc, however, welcomed the move with the FICCI terming it as a "big step". Continued on page 26

Hema Malini receiving the AAA International Personality of the Year award from CB Patel

Winners of the coveted Asian Achievers Awards 2012 were announced at the esteemed award ceremony on Friday 14th September amid the fitting grandeur of Grosvenor House Hotel, Park Lane. Bollywood veteran and philanthropist, Hema Malini, was presented with the AAA International Personality of the Year by ABPL Group Chairman, CB Patel at the 12th Asian Achievers Awards. Full story see page 13

Al-Qaida to target US diplomats Enraged over a film mocking Prophet Mohammad, an affiliate of the dreaded terror organization, AlQaida, in North Africa has called on protesters to step-up their protests and attack US diplomats. Praising the assassination Christopher Stevens, US ambassador to Libya, AlQaida in the Land of the

Islamic Maghreb warned of attacks in Algeria, Tunisia, Morocco and Mauritania,

Muslims protest against film on Prophet Mohammad and condemned the United States for lying to Muslims for more than 10 years, saying its war was against

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In a major decision signaling the end of policy paralysis in the UPA government, the Cabinet Committee of Economic Affairs (CCEA) of Manmohan Singh Government has approved foreign direct investment (FDI) in multi-brand retail, aviation, broadcasting and power exchanges. The government has, however, left the option to invite multi-brand retail on the states. There is an opt out clause in the FDI in multibrand retail, which has been the most contagious of the issues. According to the clause, "Retail sales outlets maybe set up in those states which have agreed or agree in the future to allow FDI in multi-brand retail under this policy. This is an enabling clause. This means that no FDI in retail will be allowed in any state unless the state explicitly agrees to come on board and agree to the policy." Prime Minister Manmohan Singh said at the meeting that the time had come for big bang reforms. "If we have to go down, we have to go down fighting," he said. Notably, the issue had been pending for quite long

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terrorism and not Islam. The group also urged Muslims to pull down and burn American flags at embassies, and kill or expel American diplomats to 'purge our land of their filth in revenge for the honor of the Prophet'. A short film made with private funds in the United Continued on page 26


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