121010b

online edition: www.indoamerican-news.com

Business

Indo American News • Friday, December 10, 2010

www.indoamerican-news.com

Friday, December 10, 2010

IndoAmerican News

STOCKS • FINANCE • SOUTH ASIAN MARKETS • TECHNOLOGY

South Asian Americans Eye the ‘American Dream’ with More Optimism than the U.S. General Public: MetLife Study Reveals

2010 MetLife Study of the American Dream Shows Strong Self-Reliance and Sound Financial Standing NEW YORK: While only 35% of all Americans expect their personal financial situation to improve in 2010 from 2009, more than half (57%) of South Asian Americans expect their personal situation to improve this year. South Asian Americans are also significantly less likely than Americans overall to believe that there is more risk to their family’s financial future than in the past (43% compared with 70% of all Americans).

These results are reported nearly two years after the start of the economic

downturn.

A similar number of South Asian Americans (35%) and Americans overall (34%) report that they have achieved the American dream. However, South Asian Americans who have not achieved the dream are much more optimistic than their peers about their possibilities of achieving it in their lifetime. Ninety percent of South Asian Americans believe that it is possible to achieve the American dream significantly more than the 70% of Americans overall who report

the same.

“With good reason, South Asian Americans are more optimistic than the overall population about their personal financial situation,” notes John Derbick, Assistant Vice President, Global Brand and Marketing Services, MetLife. “The Study shows that more people in this group have a personal safety net in place, which appears to be an important prerequisite for achieving and sustaining the American dream.”

Strong Personal Safety Nets

This optimism may stem from a strong sense of financial security among South Asian Americans. Nearly six in ten (59%) say they have an adequate personal safety net, compared with just 31% of Americans overall. A personal safety net is defined by those polled as a “cash cushion” with retirement savings as well as auto, health, home continued on page 26

INDO AMERICAN NEWS • FRIDAY, December 10 , 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

25

26

Indo American News • Friday. December 10, 2010

MetLife Study of the American Dream continued from page 25

and life insurance. Further, while almost half (47%) of Americans have credit card debt that they don’t pay off in full each month, less than one-third (30%) of South Asian Americans say the same.

And, while many Americans still find themselves close to financial ruin should they lose their job – 45% could not take care of expenses for more than a month and 65% could not do so for more than three months – the concern is less for South Asian Americans. Twenty-eight percent of South Asian Americans report that they could not take care of expenses for more than a month, and 59% say they could not do so for more than three months.

“Family Net” Emerges In addition, a significant number of Americans are helping their family members financially. Forty-seven percent of Americans overall and 48% of South Asian Americans say they have given money to a family member in the past year so they can pay their bills. At the same time, 35% of the general public and 32% of South Asians have had a family member give them money in the past year.

Dream Defined in Financial Terms Though all Americans define the dream first and foremost as “financial security,” South Asian Americans are slightly more likely (26%) than the overall population (22%) to describe the dream in financial terms. They are also much more likely (63%) than the overall population (31%) to equate the dream with “a successful career.”

South Asian Americans are also more likely than Americans overall to feel strong pressure to increase material possessions, despite a challenging economy. Six in ten (60%) South Asian Americans say that the pressure to buy more and better material possessions is greater than ever, more than double the number of Americans overall who report the same (29%).

Over one-third (37%) of South Asian Americans say that achieving the American dream is about improving the quality of life by increasing personal possessions, versus 23% of Americans overall. And, 65% of South Asian Americans feel like the bar is constantly rising in terms of the basic necessities of life, versus 58% of all Americans.

Like Most Americans, More Stress at Work While significantly more South

Asians equate the dream with a successful career, many are more concerned about job security than other Americans. Two thirds of employed South Asian Americans (66%) are concerned about losing their job in the next year as a result of the current economic environment, compared to 55% of the general population. Many of these respondents also say they have taken on more responsibility at work and are more stressed about performing all the tasks their job requires.

Sixty-nine percent of employed South Asian Americans report taking on more responsibility, compared with 56% of the overall population, while 63% of South Asian Americans say they are more stressed at work, versus 52% of the general public.

However, optimism still prevails.

Of those who are unemployed, 78% (versus 55% Americans overall) say that they are optimistic about their future job prospects.

Methodology From April 14 - 21, 2010 Strategy First Partners in conjunction with Penn Schoen Berland conducted 2,201 online surveys in the United States among the general population as part of The 2010 MetLife Study of the American Dream. Roughly half (52%) of the Study participants were Caucasian, 18% African American, 9% Hispanic and 19% Asian Americans (i.e., 199 Chinese Americans, 178 South Asian Americans and 42 from other Asian ethnicities).

Note that findings for the general population as a whole are weighted based on age, gender, race, income, education, and region to reflect the latest U.S. Census demographics.

To download The 2010 MetLife Study of the American Dream, visit www.metlife.com/dream.

About MetLife MetLife, Inc. is a leading provider of insurance, employee benefits and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance and retirement & savings products and services to corporations and other institutions. For more information, visit www.metlife.com.

in d ia

online edition: www.indoamerican-news.com

NRI Scientist Builds First Implantable Artificial Kidney

SAN FRANCISCO: In what’s being hailed as a major scientific breakthrough, an Indian-origin researcher-led team claims to have created the world’s first implantable “artificial kidney”, no larger than a coffee cup. Shuvo Roy and colleagues at University of California have developed the artificial kidney which they say not only filters toxins out of bloodstream, but also uses human kidney cells to perform other vital functions like regulating blood pressure and producing vitamin D. The team has tested the new device on animals, and it now plans to test the same on humans. “Dialysis is not only time-consuming, but it’s also debilitating.

Many patients don’t feel good, because it’s not doing all the functions of a normal, healthy kidney.

“The new kidney doesn’t just filter toxins. It has metabolic functions and hormonal functions, and dialysis does not capture these abilities,” Roy recently told ‘Technology Review’ published by Massachusetts Institute of Technology. A prototype of the artificial kidney, unveiled recently, is a two-part system - half consists of a toxinremoving filter, in which thousands of silicon membranes are stacked together.

Their nano-pores are so dense, and so precisely shaped, that they can filter very precisely using only the force of the body’s own blood pressure.

Blood flows in through this filter, where the toxins, sugars, water, and salts are removed as a filtered solution.

The clean blood and watery filtrate are both shunted into the other half of the system - a separate cartridge.

Here, they flow over more silicon membranes, these ones coated with a single type of human kidney cell, which helps the device reabsorb some of the water, sugars, and salts, as well as produce vitamin D and help prevent blood pressure from sinking too low -- normal kidney functions that are not offered by dialysis, say the

scientists.

The waste that’s not reabsorbed is shunted to a tube attached to the bladder and removed as waste in the urine - just like a normal kidney would do.

Though the scientists have tested the implant in a dozen rats and a handful of pigs, they claim that can scale up the device’s S h u v o R o y, a n a s s o c i a t e efficiency to work ef- professor at University of fectively in humans. California at San Francisco, is Allen Nissenson, the the lead designer of an artificial Chief Medical Officer kidney project at Mission Bay. of DaVita, America’s largest dialysis provider, said: “It’s a bioreactor kidney, an incredibly innovative concept, and really exciting if it proves to be workable on a larger scale.”

INDO AMERICAN NEWS • FRIDAY, December 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

online edition: www.indoamerican-news.com

in d ia

Indo American News • Friday, December 10, 2010

India, the Second Most Preferred Manufacturing Hub: Study New Delhi(Silicon India): Is India slowly emerging as the new preferred destination for global manufacturing? Well, the results of a study conducted by Deloitte and the U.S. Council on Competitiveness indicate so. According to the study, India stands second after China in manufacturing competitiveness and is likely to narrow the gap over the next few years.

The Global Manufacturing Competitiveness Index is based on the views of more than 400 senior manufacturing executives worldwide. The index has

rated the overall manufacturing competitiveness of 26 countries.

The study further said that it is the rich talent pool of scientists, researchers and engineers in India along with its well-educated Englishspeaking workforce and democratic regime that make the country a preferred and attractive destination for manufacturers.

According to the executives surveyed, research and development capabilities paired with engineering, software, and technology integration abilities are the key to manufacturing enterprises. India has all capabilities

and global manufacturers can design, develop and manufacture innovative products in the country for sale in local as well as in global markets, said the study.

The classic factors of production labour, materials and energy are the most important drivers of global manufacturing competitiveness, said the senior manufacturing leaders who participated in the study.

While China and India are followed by South Korea as the third manufacturing destination, Brazil is projected to replace U.S. from the fourth slot.

Right to Educate Act and Implementation Challenges in India

non-governmental organizations have a number of concerns over key clauses of the legislation.

All of them have welcomed the Act, but there are challenges in the road to realizing free and compulsory education to every child aged six to 14 years.

Last week, the School Education Department released the draft rules evolved by the State, which was designed by an advisory committee constituted by the government.

“The government has already passed a few orders related to the Act,” says D. Jagannathan, former Director of School Education, who heads The disparity between school going children and street the advisory committee. children is stark and a real problem that India has to For instance, a Government Order dated tackle sooner than later. A scene in Thiruvallavar Nagar, Thiruvanmiyur, Chennai.

July 12, 2010, states: “No child shall be held back in any class or expelled from school till CHENNAI (The Hindu): As the State government gets ready to the completion of elementary education in a implement the landmark Right to Education (RTE) Act, which came school.” Excerpt - Liffy Thomas & Meera.S into force in April 2010, private schools, parents, educationists and IndoAmerican News is in the business of promoting your enterprise.

We reach all over Houston to 120 locations.

Our record is like no other publication, we stand by the numbers we give, we do give you value for your advertising and help you maximize your investment.

INDO AMERICAN NEWS • FRIDAY, December 10 , 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

27

28

Indo American News • Friday. December 10, 2010

Indo American News

ONLINE EDITION: www.indoamerican-news.com

South Asia News of the Diaspora

French President Sarkozy, PM Singh to Enforce Curbs on Terror Outfits

By Sandeep dikShit NEW DELHI (The Hindu): India and France on Monday decided to enhance their operational cooperation to expeditiously process extradition requests, curb moneylaundering for terrorism and enforce the international sanctions regime against terrorist organizations.

“Our two governments will coordinate their endeavours in international bodies, such as the Financial Action Task Force, in order to define common positions and promote concrete initiatives. France and India call on all countries to become part, as a matter of urgency, of all international counter-terrorism conventions,” said a joint statement, which was issued after a summit meeting between Prime Minister Manmohan Singh and the visiting French President, Nicolas Sarkozy.

Both sides also reiterated the importance of adhering to the sanctions against the Al-Qaeda and the Taliban, as established by the United Nations Security Council Resolution 1267 and subsequent resolutions, and the need to preserve the regime’s credibility.

Terming international terrorism one of the core issues in “bilateral strategic cooperation,” the joint statement

expressed support development. for the India-initiated The joint statement draft Comprehensive resolved to work together Convention on in making the G-20 a more International Terrorism effective tool for reforming to address this problem the international monetary at the multilateral level. system.

The two countries Security Council reform reaffirmed their The two countries also determination to work decided to remain united for a stable Afghanistan, in reforming the Security with Mr. Sarkozy and Dr. Council, countering the Singh welcoming their financing of terrorism countries’ contribution and money-laundering, towards and efforts at effectively combating the reconstruction and climate change and utilizing security of the country. diplomatic tools to resolve They also underlined the Iranian issue. the need for adequate Recognizing India’s nondevelopment of the proliferation record, France Afghan National agreed to work with India Security Forces to towards India’s increased enable Afghanistan to participation in international defend its sovereignty non-proliferation initiatives and independence. and full membership of The two leaders multilateral export control expressed concern at French President Nicolas Sarkozy is greeted by regimes. the continuing existence Prime Minister Manmohan Singh before their France and India expressed of safe havens and meeting at Hyderabad House in New Delhi - AP themselves in favour of sanctuaries for terrorist making the G20 as effective They called on the “neighbors of as possible so that it better reflected groups “beyond Afghanistan’s borders” and agreed Afghanistan” to play a constructive today’s world and challenges. With that terrorism be combated firmly role conducive to by the international community. its stabilization and

the French presidency of the G20 having just begun, India’s dual participation in the G20 and the Security Council for 2010/2011 presented a “historic opportunity” to step up joint work in the two bodies, the statement said.

They supported international cooperation to reduce the risk of terrorists acquiring nuclear weapons or material and reiterated their support for immediate negotiations in the Conference of Disarmament for a multilateral treaty to ban the production of fissile material for use in nuclear weapons or other nuclear explosive devices.

The two countries also expressed concern at the situation in the Korean peninsula and urged North Korea to comply with international resolutions.

Following India’s enactment of a civil nuclear liability law, both countries were ready to further exchange views on this issue to ensure an appropriate framework for the sound development of their cooperation.

For more news visit us online: www.indoamerican-news.com

New Arrivals Strain India’s Cities to breaking Point NEW DELHI (NYT): After decades of being primarily a nation of farmers, India’s countryside is emptying out, as millions leave their stagnant villages and flock to the cities. But India’s urban infrastructure has not kept pace, and that failing now threatens to undermine the nation’s ability to vault its

to Chennai, roads are perpetually choked.

Sewers, water lines and electricity are lacking.

Perhaps most important, housing is desperately short, especially for impoverished new arrivals, leaving India with more slum dwellers than anywhere on earth. But it has no such plans, and the cities already here are buckling under

multitudes out of poverty and share the fruits of its nearly double-digit growth more widely.

A recent report by the McKinsey Global Institute estimated that by 2030, 70 percent of India’s jobs would be created in cities, and about 590 million Indians would live in them.

To provide enough housing and commercial space, it said, India must build the equivalent of the city of Chicago every year.

But it has no such plans, and the cities already here are buckling under the strain of their new arrivals. From Mumbai to Bangalore, Delhi

the strain of their new arrivals. From Mumbai to Bangalore, Delhi to Chennai, roads are perpetually choked. Sewers, water lines and electricity are lacking. Perhaps most important, housing is desperately short, especially for impoverished new arrivals, leaving India with more slum dwellers than anywhere on earth.

“We require a radical rethinking about urban development,” said K. T. Ravindran, a professor of urban design. “It is not that there are no ideas.

It is that there is no implementation of those ideas.” --Excerpt from Lydia Polgreen’s article

INDO AMERICAN NEWS • FRIDAY, DECEMbER 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

ONLINE EDITION: www.indoamerican-news.com

busINess INdIA

Indo American News • Friday, December 10, 2010

29

Mukesh Ambani Mulls PE Venture with $225 Million Investment NEW DELHI (Hindu): Billionaire industrialist Mukesh Ambani is planning to provide $217 Million seed capital to kick-start a new venture that would invest in innovative business ideas, including in technology and health care segments.

Ambani, who heads the country’s most valued corporate entity Reliance Industries, will probably make this investment of about USD 250 million in his individual capacity, sources close to the development said.

The process has begun for stringing together a team of experts with domain knowledge of various sectors for managing this private equity venture, sources said.

It said some of his close aides at

RIL group might also be brought on board.

The top tier of people to be associated with this venture would include those with expertise in biotechnology, health care, energy and consultancy businesses, besides private equity and venture capital segments.

The new venture would mostly invest in start-ups working on innovative business ideas in sectors like biotechnology, health care, information technology, new and renewable energy as also traditional energy sources, among others.

However, it was unlikely that RIL group itself would get involved in the venture and it was most likely that the investment would be made

by Ambani in his individual capacity,

Mukesh Ambani one of the world’s top class businessmen is looking to invest into worthwhile projects in the health and technology sectors in India to create more jobs and help develop India.

RELIGIOUS SERVICES RELIGIOUS SERVICES Durga Bari Society 832-347-4003

Temple hours: Monday - Saturday: 9am- 11am and 4pm to 7pm; Sandhya Aarti 6.30pm. Sunday 9am- 7 pm. www.houstondurgabari.org, Champak Sadhu. • 13944 Schiller Road.

Hindu Worship Society Temple

Priest – “Bhibhdutt Mishra Ji”. Open for Darshan all days, except Thursday, from 8am -10am & 5pm - 8pm. Sunday 11:30am to 1:30pm – Regular Puja, Religious discourses and Prasad.

Website www.hwst.org

Parkash & prayer everyday: 6-7:15am, Evening Diwan: 7:15-8:30pm, Special Diwan: Wed: Sikh Center of Gulf 7-8:30pm, Sun: 10am-1:30pm, Langar everyday. 8819 Prairie Dr., Houtson TX 77064, 713Coast Area 466-6538, 281-635-7466, 832-633-5092 Shri Kripalu Kunj Ashram 713-344-1321

Satsang & spiritual discourses, Sun: 10.30 am.-12.30pm. with simultaneous prog. of Hindi, Sanskrit and Moral science for kids, dance classes for children and adults every Fri:8 pm, www.shrikripalukunj.org

Shri Radha Krishna Four artis daily: 6:30am , 12 noon, 7pm & 9pm. Tuesday & Saturday 7:10pm. Sunday Bhajan and Kritan at 6pm. Maha Arti 7pm, More information www.srkt.org Located at 11625 BeechTemple nut Houston, TX 77072.

281-933-8100

sources said.

The sources said the venture would also look at roping in other investors, mostly from overseas.

He would join the likes of N R Narayan Murthy and Azim Premji — founder and Chairman of two of the country’s biggest IT majors Infosys and Wipro, respectively, who have floated private equity investment ventures at their individual levels.

Besides, a number of large industrial houses, such as Tatas, Aditya Birla group and Anil Ambani group have their own private equity investment arms that invest in various companies as per their respective mandates.

RIL and Ambani himself have often talked about need to invest in areas like business innovation, new technology and research and development.

Earlier in 2007, RIL group firm Reliance Life Sciences had announced a partnership with MPM Capital, a US-based global investment management firm focussed on health care business, to invest in Indian life science sector.

Subsequent to the deal, RIL invested nearly $17,360,000 Million in a MPM BioVentures fund during the last fiscal 2009-10.

The group has also created a Reliance Technology Group (RTG) by consolidating various research and technology functions of its businesses.

It has also set up a Reliance Innovation Council that comprises of eminent scientist R A Mashelkar and Ambani himself, among other global leaders, from fields of science and business.

Indo-American News can mail a copy of our newspaper weekly to your office , clinic, school or place of business.

To subscribe to 52 weekly issues: Call 713-789-6397

Refer a physician earn up to $2000 Do you have a friend or family member who is a Physician? IF SO YOU CAN EARN UP TO $2000 If the physician is available to work part time (days, nights or weekends) with Mint Physician Staffing then you can earn up to $2000. You can also earn up to $1000 for every nurse practitioner, physician assistant or pharmacist you refer. Making a referral is easy.

Fill out our online form at :

www.mintphysicians.com, or call 713-541-1177

When you call, ask for your local Houston representative,

Shumit Ahmed

to learn about the details.

INDO AMERICAN NEWS • FRIDAY, DECEMbER 10 , 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

30

Indo American News • Friday, December 10 , 2010

online edition: www.indoamerican-news.com

INDO AMERICAN NEWS • FRIDAY, December 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

ONLINE EDITION: www.indoamerican-news.com

Indo American News • Friday, December 10 , 2010

INDO AMERICAN NEWS • FRIDAY, DECEMbER 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

31

32

Indo American News • Friday, December 10 , 2010

ONLINE EDITION: www.indoamerican-news.com

INDO AMERICAN NEWS • FRIDAY, DECEMbER 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

online edition: www.indoamerican-news.com

Indo American News • Friday, December 10 , 2010

INDO AMERICAN NEWS • FRIDAY, December 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

33

34

Indo American News • Friday, December 10 , 2010

sports

Yusuf is Ideal Man for No. 7 Spot

By S. Dinkar C H E N N A I (Hindu):Yusuf Pathan’s astonishing onslaught that ambushed the Kiwis in Bangalore on Tuesday should end the debate on India’s No. 7 for the World Cup. In the subcontinental conditions — the key factor really — he is a matchwinner. India plays all except one duel — its opening game in Dhaka — on what are likely to be batsmanfriendly tracks at home and Yusuf represents a clear and present danger to the opponents.

Horses for courses Yusuf Pathan gets a traditional welcome on arrival in Chennai on WednesOn these pitches, he is day. unlikely to be overly troufor the big hits and can strike with Bumpy ride bled by hostile short-pitched bowling bounce. Yusuf has 27 scalps in the His ride in the ODIs, so far, has from the quicks. And the pacemen are ODIs at 36.18. In the ongoing series, been a largely bumpy one.

Yusuf, unlikely to achieve the sort of lateral movement that probes a batsman’s however, has, at least on two occa- he has displayed greater consistency technique. We are talking horses for sions, pulled his weight at No. 7 for in his bowling; Yusuf has six wickets India. His unbeaten 50 (off 29 balls) at an economy rate of 5.34. courses here.

India, clearly, does not have someThe chances are that Yusuf’s in- against England at Indore in 2008 and credible power-hitting could blow 59 not out (38b) versus Sri Lanka in one with better credentials for the No. away opponents. He strikes the ball Colombo in 2009 were influential 7 slot than Yusuf.

Meanwhile, the teams arrived here hard and clean between long-off and blitzkriegs. on Wednesday afternoon for the final From a psychological perspective, long-on, can cut and pull the lesser pacemen. The 28-year-old Yusuf’s Yusuf gives the side a mental edge in match of the series on Friday. Both stunning 96-ball 123 not out that sunk the sub-continent. Even when things sides preferred to stay in the team the Kiwis at the Chinnaswamy Sta- go wrong, the side realises it has a hotel. With its confidence high, India dium showcased his ability to swing game-changer in the hut. And the seeks a 5-0 whitewash while the Kiwis remain in a seemingly endless opposition is often wary. matches from adverse situations.

Yusuf’s ODI record of 528 runs tunnel.

This was an innings where he surExcellent drainage faced at No. 6 and caused havoc. from 41 matches at 29.33 with one While the threat of rain disrupting century could read a lot better in When the big boys return, he is likely the crucial days to come. To their the contest looms large, the ground to be pushed to the No. 7 slot.

This is the right position for Yusuf. credit, the selectors and the team have itself appeared dry. Tamil Nadu Cricket Association Secretary K.S. He could be destructive in the batting backed him.

Viswanathan said: “The drainage The lanky cricketer’s off-spin has power play and catapult the innings to bulky totals in the final 10 to 15 proved useful in the abbreviated facility at the ground here is excelovers. Not too many batsmen clear forms of the game. He is quicker lent. In fact, when Andy Atkinson, the ground as effortlessly as Yusuf through the air, does not provide the the chief curator of the ICC, was here batsmen room to get under the ball for an inspection he was lavish in his does. praise. Even if it rains hard, we can start the match within an hour of the downpour stopping.”

Viswanathan revealed, “Six of the new-look stands — A, B, C, D, E and F — are ready. But for the roof, the structure of stands G and H are complete. We will have seating in the lower bowl for these two stands. Each of the stands will have three tiers.

Stand I is the only one where some more work needs to be done.”

Despite Viswanathan’s confident words, much focus will be on the weather.

online edition: www.indoamerican-news.com

Dravid, Kumble, Ganguly, and Gambhir Go in IPL Auction Pool MUMBAI (PTI): Stalwarts Anil Kumble, Rahul Dravid and Sourav Ganguly, as well as in-form opener Gautam Gambhir, were not retained by their franchises for 2011 and 2012 IPL seasons and will go into the players’ auction pool to be bought by

Rahul Dravid

Gautam Gambhir interested teams.

Kumble, who led Royal Challengers Bangalore in the last two seasons of the T20 League, and Dravid have been set free for the January 8-9 auction by RCB who have kept only Virat Kohli, on the strength of his stupendous form for India in the ongoing ODI series against New Zealand.

With the deadline for player retention ending on Wednesday, former India captain and Bengal icon Ganguly was also not retained by under-performing Shah Rukh Khan-owned Kokata Knight Riders. Only swashbuckling West Indian opener Chris Gayle has found favour with KKR’s owners, according to informed sources. The surprise decision is that of Delhi Daredevils not retaining Gambhir, who scored back-to-back ODI hundreds against the Kiwis, and continue his partnership with Virender Sehwag who is the lone player to be retained by the two-time semifinalists. The two franchises who played in last season’s IPL final - champions Chennai Super Kings and Mumbai Indians - have retained their full quota of players.

CSK, who also lifted last season’s Champions T20 League in SouthAfrica, have kept their faith in India skipper Mahendra Singh Dhoni, Suresh Raina, Murali Vijay and Proteas’ all rounder Albie Morkel.

MI expectedly did not allow batting maestro and captain Sachin Tendulkar, feisty offie Harbhajan Singh, hard-

hitting West Indian batsman Kieron Pollard and Sri Lanka pacer Lasith Malinga to go into the auction pool.

According to a spokesperson for Rajasthan Royals, who are fighting a legal battle against the BCCI for its decision to terminate its franchise agreement, leg spin legend Shane Warne and all rounder Shane Watson have been retained. King’s XI Punjab sought an extension of Wednesday’s deadline for signing up marquee players but the Bombay High Court refused to entertain their plea.

IPL CEO Sundar Raman said that the T20 league can officially release a list of players who have been retained by their franchises only after midnight tonight as per the court order.

As per the IPL Governing Council decision of September 5 each player retention would reduce the salary cap as follows: Up to 4 players per franchise may be signed for retention of which only up to 3 shall be Indian Players. The Player must have been included in the franchise’s registered squad for the 2010 Season. The Franchise and player must mutually agree to be retained and the player Fee to be paid by the franchise to the player for the 2011 and 2012 seasons.

Irrespective of the actual player Fee to be paid to the player, the Salary Cap for the Franchise shall be charged $1.8 million per annum for retaining the first player, $1.3m pa for the second player, $0.9m pa for the third player and $ 0.5m pa for the fourth player.

Thus if a franchise retains and signs four players, its salary cap will be charged by $4.5m in each of 2011 and 2012 seasons and it will have only $4.5m remaining to pay as player fees for the remainder of its registered squad.

INDO AMERICAN NEWS • FRIDAY, December 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

online edition: www.indoamerican-news.com

Advice

Indo American News • Friday, December 10 , 2010

Mind Your Body: Don’t Just Sit Around

By Rujuta Diwekar (Outlook): “I have no time to exercise, can I still lose weight?”

It’s not about losing weight, it’s about getting fit and improving your body composition: more lean mass, less fat mass.... So the short answer to the above question is NO. Unless you invest time in exercising, as well as eating right, fitness will just be...a living-room conversation topic for you. But don’t lose hope if you don’t have time to exercise (which I don’t believe); the one thing you can do while you’re struggling to get that exercise routine going is cut down

on the amount of time you spend sitting.

Sitting down for more than 30 minutes at a time is fast emerging as the single biggest factor influencing metabolic syndrome, the condition linked to a host of obesity-related diseases. Our lifestyles today are full of sitting down— to work, to eat, to watch TV, to have coffee, to travel on flights, to talk things out, on a romantic date... sit, sit, sit...we seem to do nothing else. And the longer we sit, the bigger our medical bills. That’s because sitting is changing not just the size of our pants, it’s also making many invisible changes in our

35

bodies, including our intracellular environment. Our hormones and enzymes seem to be at a loss about how to come to terms with how much time we spend sitting.

The biggest toll that sitting around takes is on insulin sensitivity. The insulin in our bodies is finding it tougher to transport nutrients and glucose to cells without the support of bodily movement. Blood sugar stays high, the cells starve, the insulin feels overworked, the body cries out for help—and we keep sitting. So watch that clock, get up and walk around before the 30 minutes are up. And sign up for that gym class, now.

Babulbhai

Become a Piping Designer Learn to become a piping designer for petrochemical and refinery plants .Taught with actual blueprint drawings by experienced engineer.

Weekend classes Visit: leelearning.com

SHOBA JOSHI

ON AM 1320

Geetanjali Radio

Sat & Sun 2- 6 PM For your business ads Cell: 832-878-4338 | Tel: 281-265-3498 713-545-4749 Fax: 281-265-3498 | 713-932-8037 shobajoshi@hotmail.com

INDO AMERICAN NEWS • FRIDAY, December 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

36

Indo American News • Friday, December 10 , 2010

ONLINE EDITION: www.indoamerican-news.com

INDO AMERICAN NEWS • FRIDAY, DECEMbER 10, 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM