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Indo American News • Friday, March 12 , 2010

online edition: www.indoamerican-news.com

50¢

Friday, March 12, 2010 | Vol. 29, No. 11

Indo American News

Circulation Verified by

READ US ONLINE at www.indoamerican-news.com Published weekly from Houston, TX

7457 Harwin Dr, Suite 262, Houston, TX 77036 Ph: 713.789.NEWS (6397) • Fax: 713.789.6399 • indoamericannews@yahoo.com

In IAN this Week

Pakistan’s Prospects for Stability Explored at Asia Society Speaker Series

Story on Pg 3

Story on Pg 3

Seeds of Hope Gala to Benefit Daya’s Commitment to Halt Scourge of Domestic Abuse Story on Pg 5

Honey! We Killed Constitutional Rights: Muslim Woman Fired for Wearing Headscarf Story on Pg 15

Shreya & Atif Aslam Live in Concert in Houston

Bollywood’s top duo singers, Atif Aslam and Shreya Ghoshal are performing live in downtown Houston on Saturday, March 13 at Jones Hall.

Sindwanis to Retire After 28 Years of Service By Pramod Kulkarni

HOUSTON: An era of LEAVING A LEGACY: Dr K.L Sindwani passion for community ser- 1975: Moved to Houston in 1975 and taught at TSU as a professor of Sociology. vice is coming to a close. Dr. K.L. Sindwani and Mrs. 1976: Joined the only Indian Organization ICC and served as Secretary, later Mohini Sindwani, are retir- became President for two terms. ing to spend their twilight 1982: Started Indo American News as years with their son and an experiment and today is the his family in Wichita Falls, most read South Asian Weekly. Texas. The Sindwanis moved to Houston in the early 1970s when he joined Texas Southern University as a professor of sociology after earning his Ph.D. from Ohio State University. Mrs. Sindwani is a psychotherapist and has spent several decades in helping young children and families in distress. But the Sindwanis will be known forever in the Houston’s South Asian community for their passionate devotion to social service. Dr. Sindwani spent two formative terms as the president of the India Culture Center (ICC) and is recognized for setting up the first ICC House in a residence off Hill- Dr. K.L. and Mohini Sindwani enjoy time with each other and their passion: Indo-American News. croft. Mrs. Sindwani is known for

FIIs Cross Rs. 100,000 Crore Milestone

Help your community by filling out the US Census 2010 Forms, your will be receving in March

FOOD TALK

This Week’s Review: Bhojan Vegetarian Restaurant Story on Pg 40

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MUMBAI (HT): In what could be a high point in a rollercoaster year that saw the economy rebound from lows, the net investment by foreign institutional investors (FIIs) into India in the current fiscal year crossed a milestone Rs 100,000 crore mark on Wednesday — a record figure for a single fiscal year. The day closed with an influx figure of Rs 100,533 crore. That topped the earlier record figure of Rs. 53,042 crore in 2007-08. “Indian and China have shown signs of resilience and quality growth and FIIs have taken a view on that,” said R. Venkataraman, executive director, India Infoline. While investments by FIIs was strong between April and December 2009, it dropped in the past two months. Funds bounced

back as the Union Budget on February 26 brought local cheers, global clouds cleared as European

nations moved to bail out crisis-hit Greece and US jobs data showed an uptick. The FII inflow in March has been very strong and totalled up to Rs 10,243 crore in the seven trading days so far. “There is lot of money in the two largest economies of US and Japan with little investment options. Hence in the longer term I see the FII investment growing,” said Venkataraman. In 2008-09, FIIs hit by the global financial crisis pulled out Rs 47,729 crore from the Indian markets. As India emerges as a highgrowth economy surpassed only by China, it is also considered by investors as safe haven on the back of a strong domestic market and a stable financial system.

serving as a priest for many religious services. Together, they launched the Vedanta Center for followers of the Ramakrishna Mission. All of us here at IndoAmerican News are saddened at the retirement of our founder and publisher. Mrs. Sindwani provided database administration and mailing services for the newspaper for more than 25 years. Dr. Sindwani has been a tireless worker and is credited with making sure that the newspaper did not miss a single issue in all these 28 years. The Sindwanis will continue to enjoy their reading and religious activities and are expected to visit Houston from time to time. IndoAmerican News will continue as their brainchild. Please send the Sindwanis your best wishes at indoamericannews@yahoo.com INSIDE: Read Dr. Sindwani’s final Publisher’s Message on Page 16.

Ambanis in Rich List 2010 Mexican tycoon Carlos Slim is the new richest person in the world, knocking Microsoft founder Bill Gates into second spot, Forbes said on Wednesday. It is only the second time since 1995 that Gates has lost the crown, said the magazine. Here is Forbes ranking of The 20 richest people in the world as per Forbes rankign are: Carlos Slim (Mexico), Bill Gates (USA), Warren Buffett (USA), Mukesh Ambani (India), Lakshmi Mittal (India), Larry Ellison (USA), Bernard Arnault (France), Eike Batista (Brazil), Karl Albrecht (Germany), Ingvar Kamprad & family (Sweden), Christy Walton & family (USA), Stefan Persson (Sweden), Li Ka-shing (Hong Kong), Jim Walton (USA), Alice Walton (USA), Liliane Bettencourt (France),S. Robson Walton (USA), Prince Alwaleed Bin Talal Alsaud (Saudi Arabia), David Thomson & family (Canada).

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