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15 08 2013 Ahmedabad, Gujarat Vol. 1, Issue No. 1, Pages 8

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Self-confidence key Self-confidence key - Editorial Equitymaster.com/Free-Book It is not the RBI alone but the Government too that should facilitate re-pricing imports and restoration of export competitiveness The Reserve Bank of India’s (RBI) latest monetary policy review is notable for the absence of a clear signal on its future stance with regard to the recent liquidity tightening measures aimed at ‘restoring stability’ in the foreign exchange market. While the RBI was unlikely to say how long these measures would be in place – despite market players looking for a rough indication of the intended timeframe – the least it could have done is explain what ‘stability’ means. After all, when it came to inflation, the RBI had a clearly laid down objective of containing the annual wholesale price index increase within five per cent in the short-term and three per cent over the medium term. Everyone, therefore, had an idea of what the RBI was going to do with its policy rates in Dr. Kalp System this case: Come what may, the central financial bank wouldn’t budge unless headline inflation was contained and firmly anchored within its targeted range. Corporates, bankers and even Finance Ministry mandarins could fret and fume at such rigidity, but they knew there was some basis to it and could plan accordingly. The latest policy has made addressing risks to macroeconomic stability from ‘external shocks’ as the RBI’s top priority, ahead of concerns over growth (as in the last couple of policies) or the re-emergence of inflationary pressures (as in the ones preceding those). Linked to this reordering of priorities is also the new monetary policy guidance, which it says will be aimed at “checking undue volatility” and “restoring stability” in the forex market. The fact that the current set of liquidity tightening measures will continue till the above goals are met, even as neither ‘undue volatility’ nor ‘stability’ are properly defined, only adds......

Sterling rises after UK industrial output data beats forecasts

Fitag News Paper S

terling rose on Tuesday after Britain's industrial output beat forecasts, adding impetus to the view that the economy was firmly on the path of a recovery. But market participants refrained from pushing the pound much higher before Wednesday's Bank of England Inflation Report, in which the central bank could provide forward guidance and indicate that interest rates will stay at record lows for a prolonged period. Sterling was up 0.1 percent at $1.5366, having hit a session high of $1.5392. The euro was down 0.1 percent at 86.29 pence, off a low of 86.185 pence. Britain's industrial output in June rose much faster than forecast and hit its quickest pace in over two years, driven by manufacturing. The numbers followed data on Tuesday showing British retail sales

least until late 2015/2016. Money market rates, such as overnight indexed swaps

had their best July performance since 2006, while UK house prices rose at their fastest since 2010. "UK data has been good but sterling is still below that $1.5380 level, which is significant," said Kathleen Brooks, research director at FOREX.com. "There is a bullish bias but people are unwilling to go very long sterling ahead of tomorrow's BoE Inflation Report."Short-term inter-

est rates are being anchored by expectations that the central bank may signal it will keep its key policy rate low at least until late 2015/2016. Money market rates, such as overnight indexed swaps , are pricing in the possibility of the first move in the bank rate, currently at 0.5 per cent, in three years. A 25 basis point rate hike is fully factored in only in four years. "Our favoured statement in

the Inflation Report would be that no rate hikes until the unemployment level has fallen below 6.5 per cent unless wage growth exceeds 4.5 per cent," said Saeed Amen, currency strategist at Nomura. "If they put explicit thresholds around forward guidance or some sort of message similar to that sterling would fall." But witiv the central bank

Insulating the economy T

he Reserve Bank of India’s (RBI) latest monetary policy review is notable for the absence of a clear signal on its future stance with regard to the recent liquidity tightening measures aimed at ‘restoring stability’ in the foreign exchange market. While the RBI was unlikely to say how long these measures would be in place – despite market players looking for a rough indication of the intended timeframe – the least it could have done is explain what ‘stability’ means. After all, when it came to inflation, the RBI had a clearly laid down objective of containing the annual wholesale price index ADD increase within five per cent in the w - 31 short-term and three per cent over the H- 50 medium term. Everyone, therefore, had an idea of what the RBI was going to do with its policy rates in this case:

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List of Member Associations & Respective office bearers Ahmedabad

Surat

KAlp Systems ltd. Add :- ....................................................... ....................................................... Phone :- 9925002191 Office :- 079-252525 Email :- hardikpancholi@gmail.com website :- www.google.com Ahmedabad

Ahmedabad

KAlp Systems ltd. Add :- ....................................................... ....................................................... Phone :- 9925002191 Office :- 079-252525 Email :- hardikpancholi@gmail.com website :- www.google.com

Ahmedabad

Surat

hardik pancholi

Mo. 9925002191

hardikpancholi@gmail.com

Surat

Ahmedabad

KAlp Systems ltd. Add :- ....................................................... ....................................................... Phone :- 9925002191 Office :- 079-252525 Email :- hardikpancholi@gmail.com website :- www.google.com Surat

Surat

KAlp Systems ltd. Add :- ....................................................... ....................................................... Phone :- 9925002191 Office :- 079-252525 Email :- hardikpancholi@gmail.com website :- www.google.com Surat

Ahmedabad

hardik pancholi

Mo. 9925002191

hardikpancholi@gmail.com

Ahmedabad

Surat

KAlp Systems ltd. Add :- ....................................................... ....................................................... Phone :- 9925002191 Office :- 079-252525 Email :- hardikpancholi@gmail.com website :- www.google.com Ahmedabad

Ahmedabad

KAlp Systems ltd. Add :- ....................................................... ....................................................... Phone :- 9925002191 Office :- 079-252525 Email :- hardikpancholi@gmail.com website :- www.google.com

Ahmedabad

Surat

hardik pancholi

Mo. 9925002191

hardikpancholi@gmail.com

Surat

Ahmedabad

KAlp Systems ltd. Add :- ....................................................... ....................................................... Phone :- 9925002191 Office :- 079-252525 Email :- hardikpancholi@gmail.com website :- www.google.com Surat

Surat

KAlp Systems ltd. Add :- ....................................................... ....................................................... Phone :- 9925002191 Office :- 079-252525 Email :- hardikpancholi@gmail.com website :- www.google.com Surat

Ahmedabad

hardik pancholi

Mo. 9925002191

hardikpancholi@gmail.com

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Quick Guide to ActivePaper Daily

The slip and the lip One seasoned politician appreciatively calls a younger colleague “tunch maal” at a public function; another

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ne seasoned politician appreciatively calls a younger colleague “tunch maal” at a public function; another jokes about a stout lady doctor being like a road roller; and the son of a third, in a breathtaking display of an inability to recognise irony even when it is right in his face, tweeted that Shobhaa Dé should have made her comments about Mumbai statehood on the streets of the city “after which she won’t be left with any ‘shoba’”. If language offers a direct window into an individual’s mindset, then it would seem our politicians are, at best, politically incorrect and at worst, misogynistic, even dangerously anti-women. Of course, in the context of the spoken word, in a country like India with its many languages and dialects and multiple interpretations, chances are

one man’s innocuous comment delivered to a particular audience might be viewed very differently elsewhere — a

process aided by hydra-headed television and social networking. It is possible, at least in the first case sited here, that much was lost and gained in translation. The next was the result of not adequately grasping how a casual comment made in jest and understood as such by those at whom it was directed, can be twisted. The last case,

From the Article menu, you can Add to MyClippings, Send by Email, Print, Jump to Continuation, and Close. Jump to Continuation is the same as click- hardik pancholi ing the Continue icon.

Weak rupee makes stocks lose strength Sensex falls 2.34% but the currency recovers on RBI intervention after touching a new intra-day low

O Tata Steel: Does it need Stemcor’s assets? A slowdown in Europe has pushed the Britain-based Stemcor into a financial crisis. The cash crunch has forced the company

O

ne seasoned politician appreciatively calls a younger colleague “tunch maal” at a public function; another jokes about a stout lady doctor being like a road

roller; and the son of a third, in a breathtaking display of an inability to recognise irony even when it is right in his face, tweeted that Shobhaa Dé should have made

her comments about Mumbai statehood on the streets of the city “after which she won’t be left with any ‘shoba’”. “after which she won’t be any ‘shoba’”.

ne seasoned politician appreciatively calls a younger colleague “tunch maal” at a public function; another jokes about a stout lady doctor being like a road roller; and the son of a third, in a breathtaking display of an inability to recognise irony even when it is right in his face, tweeted that Shobhaa Dé should have made her comments about Mumbai statehood on the streets of the city “after which she won’t be left with any ‘shoba’”. If language offers a direct window into an individual’s mindset, then it would seem our politicians are, at best, politically incorrect and at worst, misogynistic, even dangerously anti-women. Of course, in the context of the spoken word, in a country like India with its many languages and dialects and multiple interpretations, chances are one man’s innocuous comment delivered to a particular audience might be viewed very differently elsewhere — a process aided by hydra-headed television and social

networking. It is possible, at least in the first case sited here, that much was lost and gained in translation. The next was the result of not adequately grasping how a casual comment made in jest and understood as such by those at whom it was directed, can be twisted. The last case, however, cannot be condoned at all. The written word is always more deliberate than the spoken one and this is true of tweets too.

Sebi disposes of case against 10 entities in Vaswani Ind IPO

Sebi disposes of case against 10 H

ereby conclude that the alleged violations do not stand established against all the Noticees," Sebi said. The entities against whom the case has been "disposed of" are -- Vinodkumar Bajaj & Company HUF, Bajaj Commodities Trading, Ramniwas Bajaj & Company HUF, Bajaj

Consultants, Bajaj Retail India Venture, Rajkamal Ramniwas Bajaj, Vinodkumar Ramviwas Bajaj, Bajco Consultants, Bajaj Shares and Stock Brokers and Gopal Maskara. The market watchdog noted that the entities were not the only investors who had withdrawn the bids and that the bids "which were made

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only on the last day of IPO (May 3, 2011) that too after 1:30 p.M. - 2.45 p.M, can influence other investors to bid in the said IPO", among others.The market watchdog noted that the entities were not the only investors who had withdrawn the bids and that the bids "which The market watchdog noted that the entities were

not the only investors who had withdrawn the bids and that the bids "which The market watchdog noted that the entities were not the only investors who had withdrawn the bids and that the bids "which The market watchdog noted that the entities were not the only investors who had withdrawn the bids and that the bids "which

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What is government doing to stop border attacks: Mulayam

How does it fit into Tata Steel s plans? given the global economic environment, especially China. “The steep rupee depreciation would mitigate the drop

adav said there were frequent incidents of intrusions by China across the Line of Actual Control and ceasefire violations by Pakistan on the Line of Control as well as killings of Indian soldiers. "We want to know what the government is doing to thwart such attacks," he demanded. "Pakistan and China may have some secret understanding... Why is China intruding repeatedly on our border. Both China and Pakistan have come near our borders. The whole house is concerned for the country's security and unity," he said to loud thumping of desks. Yadav also said that India's first prime minister Jawaharlal Nehru had been "deceived" by China and that he could not withstand the "dhoka" (betrayal) of the 1962 war with China, which India lost. "China made fools of India and deceived us, Nehru could not withstand the deception and died," he said and added that China is "practising deception" by its friendly overtures and was not to be trusted.

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PIL in SC against suspension of UP IAS officer Durga Sakthi

A slowdown in Europe has pushed the Britain-based Stemcor into a financial crisis. The cash crunch has forced the company

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o, how important is Stemcor to Tata Steel’s plans and should it bid at a time when the rupee is at record low and the overall economy is slowing down? The demand for its products, too, will be impacted

in international metal prices and we expect an improvement in realisation for the non-ferrous segment, while it is as players wouldn't be able to pass on the entire rise in prices because of rupee

to offload some depreciation following weak demand,” points out Giriraj Daga, an analyst with Nirmal Bang. Tata Steel though has captive iron-ore supplies adequate to meet its present requirement; the t up a Greenfield plant at Kalinganagar Odisha.

he UP government and the Centre have been made respondents in the petition filed by advocate M L Sharma. Contending that the action taken against Nagpal was arbitrary, unconstitutional and malafide, the PIL has sought quashing of all proceedings against the 2010 batch IAS officer

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who had clamped down on the mining mafia in Gautam Budh Nagar area of UP. The 28-year-old SubDivisional Magistrate was suspended on July 27 ostensibly for ordering the demolition of the wall of an under-construction mosque in a village in Noida without following the due process.

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adav said there were frequent incidents of intrusions by China across the Line of Actual Control and ceasefire violations by Pakistan on the Line of Control as well as killings of Indian soldiers. "We want to know what the government is doing to thwart such attacks," he demanded. "Pakistan and China may have some secret understanding... Why is China intruding repeatedly on our border. Both

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the current requirements of the market. Schools that offer business degrees often collaborate with local employers to design the curriculum. This ensures that curriculum does not grow obsolete and graduates are well prepared for the nuances of the job market. In fact the linkage between employers and business schools is so strong that it is extremely common for these same employers to recruit the business graduates. Business degrees are thus a safe and lucrative investment of your time and resources.

China and Pakistan have come near our borders. The whole house is concerned for the country's security and unity," he said to loud thumping of desks. Yadav also said that India's first prime minis-

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About - Quest For The Next Big Online DTV Profit launches India’s biggest search for the next big online idea. A reality show that breaks all the rules of typical entrepreneur hunt shows on TV. This out-of-the-box series tests the real acumen and abilities of a person who wants to set up the next big online idea that may well change the world. A platform, an incubator program and a nurturing ground for people who have a world changing business idea for the online world! Fuel you entrepreneurial bug with a unique online business idea, a well thought business plan, and a website using .CO. With confidence in your abilities you might be the winner all the way. < The terms and conditions contained herein (hereinafter referred to as "Terms") apply to the Contest by NDTV Limited ("NDTV") conducted o n www.ndtv.com/dotco

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The spirit of the contest is to discover and develop a unique and exceptional online business idea and the contest shall be called “Quest for the Next Big Online Business Idea” (hereinafter referred to as “the Contest”). < Your participation in the Contest will be construed as an acceptance of the Terms. If you do not agree to any of the Terms you should not participate in the Contest. NDTV reserves the right to modify these Terms at any time. < The contest is open to Indian Citizens residing within the geographical territory of India only. < Employees of NDTV & its subsidiaries/group companies as well as those companies & their subsidiaries sponsoring the Contest/Contest prizes and their fami-

Business Idea Rajan Anandan is the Vice President and Managing Director of Google India,responsible for all Sales and Operations in India...

lies are not eligible to participate in the Contest. < Minors are not allowed to participate in this contest. < The contest shall run from May 6th 2013 till 10th June 2013. < To participate in the Contest, entrants need to log on to

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next level, must have a .CO domain name registered related to their proposal otherwise their submission will be void. < By submitting a business idea, you represent and warrant that you have all right, title and/or interest in the business idea submit-

ted and the information you present is accurate and complete. < The winner will be selected by a jury of eminent industrialists who will evaluate each Entry based on various parameters. The Jury reserves the right to request further information from you regarding your entry. < The winner will be announced by NDTV on July 12, 2013 on the www. ndtv.com/dotco. < TheThe final winner selected by the Jury shall be entitled to a seed capital plus incubator facility provided by Indian Angel Network. < Any of the services component of IAN Incubator will not be broken down and a request for cash against it from the contestant will not be entertained. < Any subsequent agreement or arrangement that the final

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