Regd. No. MH/MR/South-160/2012-14 RNI Regn. No. 43675/1985 MUMBAI MONDAY, JUNE 3, 2013 32 PAGES `3 Website: www.afternoondc.in
Aft er oo DESPATCH & COURIER
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Business&Investment Pg13-20
Azad Shrivastav | ADC
THE RAIN REIGN BEGINS
Surprise showers in Mumbai W
By A Staff Reporter
GOPAL’S VRINDAVAN? TIMELY ARRIVAL OF THE MONSOON IN THE CITY: The giant clock at the much-photographed Mumbai CST bears a mute testimony to the much-awaited arrival of the rains in the city. Both the suburbs and south Mumbai witnessed a fair amount of rain, signaling the arrival of the monsoon season.
hile the Monsoon for the city is expected on June 10, Mumbai has already started feeling the pre-monsoon showers. Yesterday, some parts of the city, including South Mumbai, experienced premonsoon showers. It rained heavily in the eastern suburbs whereas parts of the western suburbs experienced thundershowers. V.K Rajeev, Director, Indian Meteorological Department (IMD), Mumbai, said “The city is experiencing premonsoon showers along with thundershowers. Mumbai will also experience dark clouds in some parts as the monsoon is to arrive soon”.
3,000 families may become homeless
BJP MLA Gopal Shetty’s supporters attack AAP members led by Anjali Damania
By Zuber Ansari
S
cores of activists of the Aam Aadmi Party (AAP), led by Anjali Damania, were reportedly attacked by BJP party workers led by Borivli MLA Gopal Shetty while the activists were conducting a signature campaign over the MLA’s alleged takeover of the Veer Savarkar Garden, on Sunday evening. The AAP members were attacked by around 30-35 BJP worker, including a few women, who started pushing the activists and ordered them to go out of the garden. Members of AAP party are alleging that Shetty has usurped 40,000 square feet of land in the Veer Savarkar Garden located at Borivli West, and was being used by his henchmen for private functions, who barred common citizens from entering it. They also did not allow the garden’s caretakers to develop the part of the garden that they were using for such purposes.. The space has been clearly reserved as a garden under TPS III, but Gopal Shetty has report-
campaign, BJP party workers landed up and began pushing and assaulting the AAP volunteers. The police, who were alerted, reached the garden and separated the two groups. Talking to the ADC, Anjali Damania said that Gopal Shetty is controlling around 20 gardens in his constituency, but when we came to know he was seeking 40,000 square feet land of the Veer savarkar Garden to construct his recreational club, we started a peaceful signature campaign to make people aware about his activity. On May 14, the BMC had published a notice in various newspapers announcing that it was going to sanction 40,000 square feet of land to Anjali Damania Gopal Shetty Gopal Shetty and if anyone had objections, they edly started constructing a club house there and should revert within one month. “The Veer Sawarkar Garden is spread across is in the process of changing ‘land use’ through the BMC. Many residents had approached the seven acres and the BJP activists who attacked AAP, and therefore volunteers, led by Anjali Da- the AAP activists kept shouting, ‘We have made mania, began a signature campaign on Sunday it!’ We have not filed any complaint because the evening, to give voice to the citizens’ demand to police rushed on the spot,” said Damania. Sevpreserve the last few green lungs left in Mumbai. eral attempts to reach Gopal Shetty on his cell However, within minutes of them starting the phone were futile.
The danger of being rendered homeless this monsoon looms large on thousands of families in Mira Bhayandar. Left with no ‘other option’ the MBMC has decided to act tough and resort to some strong-arm tactics in a bid to evacuate people from rickety buildings.
Full report on Pg.9
HAS PREETI DIED IN VAIN?
02
Afternoon Despatch & Courier
CITY
VASTU TIP OF THE DAY
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MUMBAI | MONDAY, JUNE 3, 2013
As a part of Vastu guidelines for children room, it is recommended to avoid placing the mirror on the opposite side of the bed. Dr. Prem Gupta can be reached on 9820045774/9930318119 www.drpremgupta.com
Home Minister agrees to CBI enquiry into acid attack after nation fails to trace attacker By Shwetha Kannan
Attacks, who was with the Rathis at the meeting said, “Our demand for a CBI probe has been accepted. A compensation of two lakh rupees for the family has also
T
he Rathis, after a dreadful stay at Mumbai and losing their twenty-four-year old daughter Preeti, who was attacked with acid on May 2 at Bandra Terminus, have left for Delhi this morning. On the eve of the their departure from Mumbai, the family along with members of Stop Acid Attacks, a Delhi based campaign which was started three months ago, met Home Minister R.R Patil yesterday to put forth their demands, seeking justice for their deceased child. “We met R.R Patil and demanded that our daughter’s case be handed over to the CBI. We need justice for
Amarsingh Rathi & Preeti Rathi Preeti and want to see the attacker punished. We have been assured that the needful will be done for our daughter and that the CBI probe will begin at the earliest,” said Preeti’s father, Amarsingh Rathi. Alok Dixit from Stop Acid
CIDCO infuses `739.46 lakh in Nerul-Uran rail project By Amit Srivastav
B
elapur/ Nerul-Seawood-Uran Railway Corridor is likely to be a reality soon, as the planning agency CIDCO which is bearing the major part of the project cost has sanctioned Rs.739.46 lakh for the project after a meeting of board of directors held last week. The work on the project restarted in July 2011 after it was stalled in 2010 after differences between the state government and the railways. The much-awaited rail project got its life again when the City and Industrial Development Corporation Ltd (CIDCO) decided to infuse major amount in the project in July 2010. A tripartite agreement was signed among the state government, CIDCO and the railways. Currently, the work on the project is going on full swing. “If the present situation continues for the next three years, commuters would be able to take a direct train from Chhatrapati Shiv-
OPINIONS
Varsha Ganesh Student
There are several such cases waiting for justice. And in Preeti’s case, there aren’t sufficient leads to track the culprit, is what we hear. I hope the Rathi family get justice, but I am a bit sceptical.
been agreed upon by R.R Patil. Another demand we made was about regulation of sale of acid. We feel that when acid is being used dangerously, there has to be
Sof S oft offt
Extra Ex xxtttra rra
Concentrate
some regulation on its sales and purpose of purchase. R.R Patil has asked for some time for discussion on this issue and has asked us to come up with suggestions for the same. He also plans to set up a committee which will look into solutions in cases of violence using acid.” Despite the city giving the Rathis grief of a lifetime, Amarsingh expressed gratitude towards Mumbai and its people: “Yaha aaye the bahut ummedo ke saath. Preeti desh ke naujawano ki seva karna chahti thi. Tarakki karna chahti thi. Hamari sab bhavnao par paani fir gaya. Par mai shukraguzar hu is shehar ka jaha hum unknown hote hue
bhi hamari har tarah se madat ki gayi. Rehne ka khaane peena ka dhyaan rakha gaya. Mediawalo ka bhi thank you. Agar woh na hote toh Preeti ke ilaaj ka kharcha karna mushkil hota. Sabko thank you.” (We had come with a lot of hope, and Preeti was keen on serving the nation, and progressing in life. But tragedy struck. I am thankful to Mumbai for every help, including giving us food and shelter. Thanks to the media for highlighting our case without which we would not be able to afford Preeti’s treatment.” The family accepted Preeti’s body yesterday and has flown back to Delhi today morning.
Soon, a train from CST to Uran
MUMBHAI
proved. Following disagreements between the two agencies namely railways and the state government, the work on the line stalled in 2010 following which the cost revisions were undertaken and the cost escalated. In the fresh agreement CIDCO would contribute Rs.946 crore, railways will provide Rs.466 crore for the Rs.1,412.17 crore project. At present, the commuters take a state transport (ST) bus from Nerul or Panvel to reach Nhava Sheva, Uran or JNPT. The 27-km railway line will have 10 stations, four major bridges and five ROBs. The 10 stations to be built on the Nerul-Uran line are Seawoods, Sagarsanga (Kille), Targhar, Bamandongri, Kharkopar, The ongoing project work on the proposed railway link from Seawood to Uran. Gavan, Ranjanpada, Nhava-Sheva, aji Terminus (CST) to Uran,” said the Ministry of Railways and Dronagiri and Uran. There is a proCIDCO on a cost-sharing basis. The vision that one arm of the railway Sanjay Bhatia, MD, CIDCO. The railway line between Nerul total cost of the project was esti- line will go to Belapur station while and Belapur through Seawood to mated at Rs.495.49 crore in 1996-97 the other to Seawoods/ Nerul. Uran is being constructed jointly by when the project was first apamit.srivastav@afternoondc.in
Why is he flying abroad so frequently? To boost the aviation industry, of course!
Punit Bhavsar Working Professional
Rekha Iyer Chartered Accountant
LIJJA AT AD. AGENCY
8811/SL Eng.
shwetha.kannan@afternoondc.in
VIKAS SABNIS
Will acid-attack victim Preeti xxxxx Rathi’s family get justice?
Santosh Anantharaman Merchant Navy
With the media tracking this case and pressure being out on the investigating authorities, I think justice, though a bit delayed, will be meted out to the family.
Amey Jaju Engineer
With this case, focus has been shifted to get law for acid attacks in place. I think this will be the basis for Preeti’s family to get justice and other acid attack victims as well.
Such cases do create a lot of hype but I have never heard about justice being meted out. They die away slowly. I hope that this case becomes an exception and sets a precedent.
This case has brought out several issues like safety for women, regulation of acid sales, compensation for acid attack victims, etc. This gives me hope that Preeti’s family will be given justice.
Readers wishing to participate in ‘Opinions’ may send us their name, day-time telephone number with a passport-size photograph to letters@afternoondc.in Your Subject line must be: opinion
Afternoon Despatch & Courier
INTERVIEW
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M
MUMBAI | MONDAY, JUNE 3, 2013 ASTECTOMY is the medical term for the surgical removal of the breasts and is resorted to only when considered to be medically necessary. Then a month ago came the announcement by Hollywood actor Angelina Jolie that she had had a preventive double mastectomy, and suddenly, this last resort has begun to seem like a plausible if drastic means of preventing a disease that strikes terror in all women, not least because of its potential for ‘de-feminising’ the sufferers. The debate began immediately, kicked off by Jolie herself writing in the ‘New York Times’ about how she approached her decision and why – because she hoped that more women, likely to have inherited the mutative gene that made them vulnerable to breast cancer, would know that a preventive double mastectomy was not the end of their lives as women but possibly the beginning. So, has Jolie’s announcement done more harm than good for the public? And what does the medical fraternity in Mumbai think about the issue? The ADC spoke to Dr. Vijay V. Haribhakti, consultant surgical oncologist and reconstructive and microvascular surgeon at Jaslok, Breach Candy and Saifee hospitals, and who and specialises in areas of head and neck cancer and breast cancer. What came out of this discussion with Dr. Haribhakti was that knowledge about a certain technique, preventive mastectomy in this case, is good but opting for it just because someone famous had decided this was best for her, is definitely not the right approach. Even before we could start shooting our questions at Dr. Haribhakti declared, “First of all, you must know that more than 80 per cent of cases of breast cancer have no significant family history or are related to heredity. They are sporadic cases. Less than five to ten per cent of cases are because of the expression of the BRCA1 and BRCA2 genes.” “BRCA1 and BRCA2 (the BR and CA are short forms for ‘BReast Cancer susceptibility gene’) are genes that help repair DNA, but when they are defective, they increase the risk of breast and ovarian cancer,” he added. This statement was an answer to our next question about who needs it, as preventive mastectomy helps only people who have chances of developing breast cancer because of family history and heredity. But as our readers expect more direct answers, we proceeded to ask, “Who needs it?” “Women who have a very strong family history of breast cancer in the maternal lineage and hence might have a strong clustering of the BCRA genes could opt for preventive mastectomy. Such cases are less
Dr. Vijay V. Haribhakti, consultant surgical oncologist and reconstructive and microvascular surgeon at Jaslok, Breach Candy and Saifee hospitals.
People diagnosed with cancer might feel that if Jolie can get her breast removed for prevention, then why shouldn’t I go for it after being diagnosed with cancer? This is wrong. There are breast conservation surgeries that can be as effective. People need to know this,” said Dr. Haribhakti. “Also,” he continued, “There can be complications like implant failure, implant fibrosis, improper reconstruction to state a few. The lady might have to undergo repeated surgeries. This is traumatising.” Dr. Haribhakti also highlighted the fact that in preventive mastectomy, for optimising the risk reduction factor, not only the breasts but also the ovaries have to be removed. According to him this is like totally ‘de-feminising’ a woman. “Opting for a preventive mastectomy has to be a decision initiated by the treating doctor and accepted by the patient,” said Dr. Haribhakti. “The Angelina Effect is here to stay. It will not be forgotten soon. I hope that this doesn’t lead to an increase in the demand for mastectomy without good reason which would be terrible. There is half knowledge about preventive mastectomy which is dangerous and that is how it is going to be. In times to come, we will see more of preventive mastectomy. In the west, it is already quite prevalent and the wind is going blow this side too. Demand will rise and nothing can be done about it. Doctors have to educate people and help make appropriate decisions.” To the question whether Jolie did the right thing by coming out about her double mastectomy, Dr. Haribhakti said with a smile, “It is debatable. In one way it is good that the people now know concern for him for recently, he had much more about preventive not one but two cases of proven mastectomy and this issue has cancer where the lady demanded a been brought out and discussed. mastectomy despite the fact that a But it is also known that any well conservation was possible and Dr. meaning communication can Haribhakti had to comply. have collateral damage, too. “When patients demand we can’t Now, will Jolie’s announcement say no, right? But they should have a good impact or realize that Jolie did not take an adverse effect is the decision without months something we have of research, information to wait for and collection and counselling. watch.” shwetha.kannan Preventive mastectomy @afternoondc.in should not be taken casually. It requires skill and expertise from the doctor’s side and preparedness from the patient’s side. Pics: Azad Shrivastav | ADC
By Shwetha Kannan
PREVENTIVE MASTECTOMY-WHO NEEDS IT? than five to ten percent. It cannot be advocated for the general public,” said Dr. Haribhakti. According to Dr. Haribhakti, the test for diagnosing expression of BRCA genes itself shouldn’t be taken by any woman unless suggested by the treating doctor. The reason for this he said are psychological factors. “The moment it is revealed that a lady is positive for the BCRA gene, it sets the alarm bells ringing. And given the fact that preventive mastectomy is in the news these days, they too take the decision of undergoing a preventive mastectomy without realising that there are several other alternate techniques that can help in preventing cancer on time.” But isn’t undergoing this test, also a means for early diagnosis? “The test for expression of the BRCA genes isn’t for early diagnosis of breast cancer. It is about knowing risk at which a lady for developing breast cancer. When it comes to early diagnosis of cancer, there are other tests like MRI, mammography and sonography. They too help pick up cancers at early stages. Self examination also helps,” was Dr. Haribhakti’s reply. “I would grudgingly permit someone who has a strong family
history to take this test,” added Dr. Haribhakti. Dr. Haribhakti was keen on making the point that cases like Jolie’s are very few and the use of preventive mastectomy cannot be applied generally for the public. “In a career that spans 25 years, I have operated upon thousands of women and have saved their lives and their breasts. While we need to perform mastectomies many a times, I can count the number of mastectomies I have done. Might be around eight to ten cases of double simultaneous mastectomy, that too, for good reasons.” Across the world, doctors are in favour of breast conservation and so am I. In proven cancer cases, we have removed the cancer and also saved the natural breast of a lady, then why remove the breasts for prevention purposes,” he questions, reiterating his strong belief in medication and close surveillance as good preventive measures. When asked about the effect of Jolie’s announcement on people, Dr. Haribhakti said, “It is too early to talk about the effect right now.” But its immediate effect is, “There is an increase in awareness about preventive mastectomy and more people are asking about it.” Even this, however, is a cause of
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THANKSGIVING
May the Sacred Heart of Jesus be loved, adored, glorified, loved and preserved throughout the world now and forever. Sacred Heart of Jesus, Thy Kingdom come. Sacred Heart of Jesus have mercy on us. St. Jude the worker of miracles pray for us. St. Jude the helper of the hopeless, pray for us. C-6024
CHANGE OF NAME
I have changed my name from Hasmukh Valji Patel to Hasmukh Valji Dubariya as per Maha. Govt. Gazette No.U5049 dated April 25-May 1, 2013. Ornate-C-6025 I have changed my name from Keval Valji Patel to Keval Valji Dubariya as per Maha. Govt. Gazette No. U-5050 dated April 25-May 1, 2013. Ornate-C-6026 I have changed my name from Ramila Valji Patel to Ramila Valji Dubariya as per Maha. Govt. Gazette No. U-5051 dated April 25-May 1, 2013. Ornate-C-6027 I have changed my name from Valji Rajiv Patel to Valji Rajiv Dubariya as per Maha. Govt. Gazette No. U-5052 dated April 25-May 1, 2013. Ornate-C-6028 I have changed my name from Shivani Valji Patel to Shivani Valji Dubariya as per Maha. Govt. Gazette No. U-5053 dated April 25-May 1, 2013. Ornate-C-6029 I have changed my name from Kiran Devi to Kiran vide affidavit. C-6030 I have changed my name from Vaishali Rajaram Chavan to Mrs. Mrunal Mangesh Humane as per Affidavit. C-6031 I have changed my name from Vinodkumar Yeshwant Vedapathak to Vinod Yeshwant Vedpathak as per Maharashtra Govt. Gazette No. (U-29832) dated 18/10/2012. C-6032 I have changed my name from Nalini Vaman Kasawankar, to ‘Snehal Vinod Vedpathak’ as per Maha. Govt. Gazette No. (U-29833) dated 18/10/2012. C-6033 I have changed my name from Anil Shivshanker Yadav to Anilkumar Shivshankar Yadav as per Affidavit dated 30/5/13. C-6034 I, Shilpa Vipul Patel, have changed my name to Shilpa Vipul Dholu as per Maharastra Government Gazette No. X90217 dated 21/03/2013. C-6035 I, Vipul Amrutbhai Patel, have changed my name to Vipul Amrutbhai Dholu as per Maha. Government Gazette No. X90218 dated 21/03/2013. C-6036
Afternoon Despatch & Courier
CLASSIFIEDS I, Narmada Amrut Patel, have changed my name to Narmada Amrut Dholu as per Maha. Government Gazette No. X90219 dated 21/03/2013. C-6037 I, Hiren Amrutbhai Patel, have changed my name to Hiren Amrutbhai Dholu as per Maha. Government Gazette No. X90220 dated 21/03/2013. C-6038 I, Daksha Gordhanbhai Parmar, have changed my name to Dhruvi Jignesh Solanki as per Maha. Government Gazette No. X- 32569 dated 17/01/2008. C-6039 I, Vijay Ramchandra Tawade, have changed my name to Vijay Ramchandra Tawde as per Maha. Government Gazette No. X- 107059 dated 09/05/13. C-6040 I, Dharmesh Navinchandra Radiya, have changed my name to Dharmesh Navinchandra Thakkar as per deed poll Affidavit dated 30/05/13. C-6041 I, Jyoti Navinchandra Radiya, have changed my name to Jyoti Navinchandra Thakkar as per deed poll Affidavit dated 30/05/13. C-6042 I, Navinchandra Radiya, have changed my name to Navinchandra Thakkar as per deed poll Affidavit dated 30/05/13. C-6043 I, Shobha Chandrahas Shah, have changed my name to Rashmi Chandrahas Shah as per deed poll Affidavit dated 01/06/13. C-6044 I, Binakumari Mehul Kothari, have changed my name to Bina Mehul Kothari as per deed poll Affidavit dated 31/05/13. C-6045 I, Mr. M. Munikumar, have changed my name to MR. Muni Kumar as per deed poll Affidavit. C-6046 I, Jhaveri Prakash Narendra Prakash, have changed my name to Prakash Narendra Jhaveri as per deed poll Affidavit dated 31/05/13. C-6047 I have changed my name from Aashay Kiritkumar Mehta to Ashay Kiritkumar Mehta as per Affidavit dated 29th May, 2013. C-6048 I have changed my name from Pharida Saifuddin Vakharia to Farida Saifuddin Vakharia (According deed poll Affidavit dated 31/5/2013). C-6049 I have changed my name from Gulame Abbas Ebrahim Kothawala to Abbas Ebrahim Kothawala (According deed poll Affidavit dated 28/5/2013). C-6050 I have changed my name from Jethani Jay Amarlal to Jethani Jai Amarmal as per Affidavit. C-6051
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MUMBAI | MONDAY, JUNE 3, 2013
I have changed my name from Mujtahdi Qurratul Ara to Qurratul Ara Sajid Syed as per Affidavit. C-6052
I have changed my name from Chidakashgita Bhoju Shetty to Geeta Bhoju Shetty as per Affidavit. C-6068
I have changed my name from M Faraz Aftab Jahan to Mohammed Faraz Aftab Alam Khan as per Affidavit. C-6084
I have changed my name from Sonudevi Ramkumar Saini to Sonu Ramkumar Saini as per Affidavit. C-6053
I have changed my name from Madevabhai Mandanbhai Ravariya to Mahadev Mananbhai Ravariya Patel as per Affidavit. C-6069
I have changed my name from Maknojiya Mumtazben Samsuddin to Maknojiya Mumtazbahen Samsuddin as per Affidavit. C-6085
I have changed my name from Puja Bhavesh Thakar to Pooja Hiren Pandya as per Affidavit. C-6054 I have changed my name from Syed Faizan Ali Sajid Ali to Sayed Faizan Ali Sajid Ali as per Affidavit. C-6055 I have changed my name from Kamrunnisa Kamruddin Anwari to Karimunnisa Kamruddin Anwari as per Affidavit. C-6056 I have changed my name from Kamaruddin Abdulkarim Anwari to Kamruddin Abdulkarim Anwari as per Affidavit. C-6057 I have changed my name from Dushyanta Narayan Kunder to Dushyant Narayan Kunder as per Affidavit. C-6058 I have changed my name from Ms.Mausumi Sandip Gajendra Mahapatra to Mrs. Mousumi Batakrishna Adak as per Affidavit. C-6059 I have changed my name from Mr.Krishna Rampada Adak to Mr.Batakrishna Rampada Adak as per Affidavit. C-6060 I have changed my name from Kanchan Mohan Menghrajani to Jaanvi Prashant Sabhnani as per Affidavit date 31/05/2013. C-6061 I have changed my name from Shamim Ganesh Pillai to Shamim Abdul Gani Sheikh as per Affidavit date 01/06/2013. C-6062 I have changed my name from Dharamchand Shankarlal Babel to Dharmchand Shankarlal Babel as per Affidavit date 01/06/2013. C-6063 I have changed my name from Dennis Placid Thomas Fernandes to Dennis Thomas Fernandes as per Affidavit date 01/06/2013. C-6064 I have changed my name from Abdul Raheem Abdul Kadeer to Abdul Raheem Khan as per the Affidavit. C-6065 I, Tirupati Chandrakant Bhatjoshi, have changed my minor daughter name from Devika Tirupati to Devika Tirupati Bhatjoshi as per the Affidavit. C-6066 I have changed my name from Rahul Ramchandra to Rahul Ramchandra Nair as per the Affidavit. C-6067
I have changed my name from Naushad Farooque to Naushad Farooque Shaikh as per Affidavit. C-6070 I have changed my name from Dataram Satyaprasad Kanswal to Devendra Satyaprasad Kanswal as per Affidavit. C-6071
I have changed my name from Mohammed Hanzala Akram Shaikh to Mohammed Hanzalah Mohammed Akram Shaikh as per Affidavit. C-6100 I have changed my name from Mohd. Irshad Mohd Fayyaz to Mohammad Irshad Mohd Fayyaz Shaikh as per Affidavit. C-6101
I have changed my name from Mohamed Haneef Shamim Banu to Shamim Banu Shaikh as per Affidavit. C-6086
I have changed my name from Siddika Mayur Sarang to Revati Mayur Sarang as per Affidavit.
I have changed my name from Sheetal Khanderao Gadekar to Swati Ramdas Vyavahare as per Affidavit. C-6087
I have changed my name from Badaruddin Mohammed Ishaq Rumani to Badruddin Mohammed Ishaq Rumani as per Affidavit. C-6103
C-6102
I have changed my name from Magdalene Dsouza to Magdaline Dsouza as per Affidavit. C-6072
We, Sanjeev Sharan and Ila Priyamwada, changed our daughter’s name from Sanjeevani Shrestha to Sanjeevani Sharan as per Affidavit. C-6088
I have changed my name from Mrs. Sayeeda Bano Habibullah to Mrs. Sayeeda Begam Habibullah as per Affidavit. C-6073
I have changed my name from Muneer Ahmed Mohd Siddque to Munir Siddque Kadri as per Affidavit. C-6089
I have changed my name from Lal Amin Khan to Lal Amin Shahi as per Affidavit. C-6074
I have changed my name from Munir Ahmad Kadri to Munir Siddque Kadri as per Affidavit. C-6090
I have changed my name from Kishore Kantilal Khatri to Kishor Kantilal Khatri as per Affidavit. C-6106
I have changed my name from Sangita Lal Khan to Sangita Lal Shahi as per Affidavit. C-6075
I have changed my name from Jasmine Farrokh Masani to Jasmine Percy Elavia as per Affidavit. C-6091
I have changed my name from Julieta James Gonsalves to Maria James Gonsalves as per Affidavit. C-6107
We, Mr. and Mrs. Mehta, are changed our minor daughter,s name from Srusti Gajendra Mehta to Srushti Gajendra Mehta as per Affidavit. C-6076
I have changed my name from Ranjanakumari Upadhyay Padamprasad to Ranjana Upadhyay Padamprasad as per Affidavit. C-6092
I have changed my name from Jayeshkumar Dalsukhbhai Jethva to Jayesh Dalsukhbhai Jethva as per Affidavit. C-6108
I have changed my name from Premlata Gajendra Mehta to Prema Gajendra Mehta as per Affidavit. C-6077
I have changed my name from Fanewarekar Fahmeeda Aboobakar to Faimida Yasin Dhamaskar as per Affidavit. C-6093
I have change my name from Sajid Ahnad Mohammed Saied Karjikar to Sajid Mohammed Saied Karjikar as per Affidavit. C-6078 I have change my name from Salik Husen Sajid Karjikar to Salik Sajid Karjikar as per Affidavit. C-6079 I have change my name from Sabir Nisar Shirshekar to Sabeer Nisar Shirshikar as per Affidavit. C-6080 I have changed my name from Aba Kondiba Pawar to Abasaheeb Kondiba Pawar as per Affidavit. C-6081
I have changed my name from Dilrajhusen Valimohmmad Gogada to Dilraj Vali Mohamad Gogada as per Affidavit. C-6094 I have changed my name from Dilraj Vali Gogada to Dilraj Vali Mohamad Gogada as per Affidavit. C-6095 I have changed my name from Chhaganlal Goyani to Chhaganbhai Goyani as per Affidavit. C-6096 I have changed my name from Madhav Kumar to Madhavkumar Brijnandan Roy as per Affidavit. C-6097
I have changed name from Wasim Ahmed to Wasim Ahmed Khan as per Affidavit. C-6082
I have changed my name from Ms. Samta Kailas Deore to Ms.Kalyani Kailas Deore as per Affidavit. C-6098
I have changed my name from Mohammed Adil Zulfaqar Husen Gajanfar to Mohammed Adil Zulfiqar Sayed as per Affidavit. C-6083
I have changed my name from Akram Abdul Ahad Shaikh to Mohammed Akram Abdul Ahad Shaikh as per Affidavit. C-6099
I have changed my name from Divya Manoharlal to Divya Manoharlal Agarwal as per Affidavit. C-6104 I have changed my name from Manoharlal Bansidhar to Manoharlal Bansidhar Agarwal as per Affidavit. C-6105
I have changed my name from Abdul Rashid to Rashid Chandel as per Affidavit. C-6109 I have changed my name from Habib Ahmed to Habib Chandel as per Affidavit. C-6110 I have changed my name from Lilaben Karsanji to Lata Bharat Mehta as per Maharashtra Gazette No. (U-9364). C-6111 I have changed my name from Kishan Karan Jha to Ramkishan Karan Jha as per deed poll Affidavit. C-6112 I have changed my name from Komal K Rajpal to Naina Sanjay Rupani as per Affidavit. C-6113 I have changed my name from Pradnya to Pradnya Vilas Kurdur as per Affidavit dated 31/05/2013. C-6114 I have changed my name from Preetam Prakash Parmekar to Sayee Saindra Kandalkar as per Affidavit dated 31/05/2013. C-6115 I have changed my name from Ma Nayeem to Mohd Abdul Naeem Shaikh as per Affidavit dated 31/05/2013. C-6116
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H
The argument put forth is that sportsmen cannot run sports bodies. Barring cricket infrastructure, the lack of infrastructure in other sports speaks volumes for the way politicians run sports as their extended political constituency. In times of controversies in sports, our famous sports personalities turn mute spectators or appear to be gagged by the powers that be. Many present and former sportsmen depend upon the sporting associations for coaching contracts, representation on committhing disconcerting in fact is tees, television contracts and that for the first time in his other windfalls. Even the life, Pawar actually seems politicians of all shades are predictable. Chalk that down silent as no one wants to let to the fact that this methods go of a hen that lays the have usually worked in the golden egg for them. With past, and he probably sub- every other sporting activity scribes to the adage that if it being turned into a commerain’t broke, it shouldn’t be cial venture it is yet another fixed. That’s the upside. The avenue where politicians downside is that his pre- further their political clout. dictability might be counter- Elections to these sports productive with all the new bodies are more politicized than being sporting. Our players on the scene. Sharad Pawar plays his sporting contingents at inpolitical games easily, with ternational events are more his acolytes firing the first dominated by politicians salvo and the Maratha than sportsmen. However, in strongman later appearing the greed for more golden to play the peacemaker. Ob- eggs, politicians appear to be viously, he is itching to be killing sport itself. back at the helm of affairs at the BCCI and he has made no bones about it. Tragically, most of our sports bodies for years together have either been represented by politi- A SECTION of the BJP and cians or retired bureaucrats. now the RPI-Athawale facE has certainly bounced back health wise, and if proof were required of how complete and miraculous his recovery seems to be, one need only look at the way Sharad Pawar is playing his political games, vis a vis the BCCI imbroglio. The only
Wooing the unpredictable MNS
he Brihanmumbai Municipal Corporation (BMC) has sent a notice to a prominent educational institution in Bhandup asking it to produce legitimacy certificates for the construction of school building, occupancy certificate and other documents as its details are not matching with the land records and land reservation policy. Civic officials said, “If the school authorities failed to produce the papers, the BMC will take action against them.” Pramila Pawar, a resident of Kanjurmarg (East) claimed that the Indian Education Society has encroached on her land. In the legal notice, she has alleged that IES school authorities colluded with civic authorities, police and a local politician, and trying to further encroach on her premises. Pawar has been complaining to the BMC for the last couple of years. Instead of
Encashing infrastructure development WHETHER it is UN Habitat, Centre for Policy Research or PriceWaterhouseCoopers, all have given a thumbs down for the infrastructure develPrashant Hamine | ADC opment in the city. With barely a year left for the Lok Sabha elections, the Contion of the BJP is that in the gress-NCP government is 2009 Assembly and Lok leaving no stone unturned as Sabha elections, the MNS it tries to show case projects had damaged the electoral like the Milan ROB, Eastern prospects of its candidates in Freeway, Mono Rail or Metro more than a dozen odd con- Rail as its achievements stituencies. While the at- clearly aimed at wooing the tempt is to limit the electoral electorate. But with projects damage the MNS might like the Mumbai Trans Harcause in 2014 elections, on bour Link (MTHL) taking althe flip-side, the BJP, Sena, most three to four decades RPI-A will have to tackle seat to get off the drawing board, sharing agreement with a Mumbai is way behind potential ally like the MNS. major infrastructure works With basic intransigent in comparison with Delhi, differences and mutual mis- Kolkata and other metro trust over perceptions of one cities. People are more interanother, it is highly unlikely ested in seeing infrastructhat a patch up between the ture projects completed on two will lead to comfortable time rather than waiting for power sharing, so the possi- a project which serves little bility is still remote. More- purpose later on. over, it might not fit in the scheme of things for Sharad Pawar who wants a maximum number of MPs in NOT accustomed to the way 2014 so that he can play the the media, especially the
SIMHASAN
tion believes that a rapprochement of sorts is still possible between the estranged cousins Uddhav and MNS president Raj Thackeray. At present, neither of the cousins appear to be over anxious to patch up. The MNS president is re-
ported to have even sarcastically remarked that the Sena should first set its house in order before there can be any talk of a patch up. The anxiety among a sec-
Anything Is News
SCHOOL ON WRONG GROUND?
Activist’s intervention forces BMC to respond to complaint by woman about educational institution encroaching on her land This issue came to light when noted social activist Anjali Damania took Pawar across to Municipal Commissioner Sitaram Kunte, and presented all the papers relevant papers to him, requesting him to look into the matter. Damania said, “As soon I saw her (Pawar) papers, I realized it was a true story and I must help her. The school building has been constructed on plots reserved for a play ground and a municipal
electronic media, behaves in the state here, Chief Minister Prithviraj Chavan has been at his wits end lately on how to handle the news disseminators. During his days in Delhi, Chavan had made it a point to undergo routine medical check ups to ensure that he was fit and fine. So periodically he used to visit a nearby hospital to undergo tests. After coming to Maharashtra as the Chief Minister, Chavan continued with his regimen. But his recent visit to a government hospital for
a routine check up landed him and the authorities with the onerous task of spending hours clarifying that it was a routine check up. This was because, by the time he went to the hospital, some private news channels began airing news of his hospital visit. Speculations reached such proportions that Chavan literally threw his hands up in despair. The final words. Nothing is wrong, he’s fine.
school. We have asked commissioner to take action in the matter.” Civic officials from the S ward, Bhandup, sent a notice to the Indian Education Society, Kanjur (E) asking them to produce permission from the Building and Planning department for the construction of the school building, compound wall, play ground, and fortification with grill and also for a tin shed. Assistant Commissioner Prashant Gaikwad said, “We received a complaint regarding the IES school. Based on that, we have sent a notice to school authorities to produce papers regarding legitimacy of their school building and place within seven day. If they fail to produce, the civic body will take action against them.” vishnudas.sheshrao@afternoondc.in Azad Shrivastav | ADC
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The Pawar of One
Pics: Sushil Kadam | ADC
By Vishnudas Sheshrao
kingmaker, if not the king himself. Already, there are sarcastic suggestions for the BJP to set its house in order rather than think of bringing the two cousins together.
05
Pramila Pawar claimed that school building is constructed on open space reserved for playground and municipal school. She further alleged that school authorities have encroached on her land.
A copy of the BMC notice to IES.
addressing her problem, the BMC encroachment department demolished her home. Pawar claims that she has photo pass for the claimed open space of 1,200 sq feet from the Collector’s Office at Mulund dated May 29, 1978. From then onwards the land has been in her possession. In 1985, an IES school was set up, and has slowly been encroaching on her open land.
WHAT PRICE THIS?… With surprising pre-monsoon showers on Sunday evening, many shoppers – women particularly – were seen shopping for fancy, colourful umbrellas at stores on Princess Street and elsewhere in the city, yesterday.
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Dabbawallas to share success mantra in Dubai
Afternoon Despatch & Courier
CITY
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MUMBAI | MONDAY, JUNE 3, 2013
N OT I C E
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SHAMROCK INDUSTRIAL COMPANY LIMITED Regd. Office: 146, Takai Adoshi Road, Village - Dheku, Dist. - Raigad, Maharashtra.
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2013 (Rs. in Lacs) Part I Statement of Standalone / Consolidated Audited Results for the Year Ended 31/03/2013
Sr.
PARTICULARS
No 1. Income from Operations (a) Net Sales / Income from Operations (Net of Excise Duty) (b) Other Operative Income Total income from operations (Net) 2. Expenses (a) Cost of materials consumed (b) Purchase of stock-in-trade © Changes in inventories of finished goods, work-in-progress & stock in trade (d) Employee's benefits expenses (e) Depreciation and amortisation expenses (f) Other expenses Total Expenses 3. Profit / (Loss) from operations before other income, finance costs and exceptional items (1 - 2 ) 4. Other Income 5. Profit / (Loss) from ordinary activities before finance costs and and exceptional items (3 + 4 ) 6. Finance Costs 7. Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5 - 6 ) 8. Exceptional items 9. Profit / (Loss) from ordinary activities before tax (7 - 8 ) 10. Tax expenses 11. Net Profit /(Loss) from ordinary activities after tax (9 - 10 ) 12. Extraordinary items (net of tax expenses) 13. Net Profit (+) / Loss (-) for the period (11 - 12 ) 14. Paid-up equity share capital (Face Value of the Shares Rs. 10/-) 15. Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year 16i Earnings per share (before extraordinary items) (of Rs. ___ /- each) (not annualised) : (a) Basic (b) Diluted Earnings per share (after extraordinary items) 16ii (of Rs. ___ /- each) (not annualised) : (a) Basic (b) Diluted
3 months 9 months ended ended 31/03/2013 31/12/2012 Unaudited Unaudited
3 months ended 31/03/2012 Unaudited
Year Ended 31/03/2013 Audited
0.00
0.00
0.01 0.01
0.00
0.01 0.01
-
-
-
-
-
0.01 0.35 0.36
0.42 1.07 1.49
0.37 0.01 0.2 0.58
0.42 0.01 1.42 1.85
0.68 0.01 1.52 2.21
(0.36) -
(1.49) -
(0.57) -
(1.85)
(2.20) -
(0.36) -
(1.49) -
(0.57) -
(1.85)
(2.20) -
(0.36) (0.36) (0.36) (0.36)
(1.49) (1.49) (1.49) (1.49)
(0.57)
(1.85)
(0.57) (0.57) (0.57)
(1.85) (1.85) (1.85)
(2.20) (2.20) (2.20) (2.20)
542.84
542.84
542.84
542.84
542.84
235.31
235.31
235.31
235.31
235.31
(0.01) (0.01)
(0.03) (0.03)
(0.01) (0.01)
(0.03) (0.03)
(0.04) (0.04)
(0.01) (0.01)
(0.03) (0.03)
(0.01) (0.01)
(0.03) (0.03)
(0.04) (0.04)
Year Ended 31/03/2012 Audited
PART II
A. PARTICULARS OF SHAREHOLDING 1 Public Shareholding 3095053 3095053 3095053 3095053 3095053 - Number of Shares 57.02 57.02 57.02 57.02 57.02 - Percentage of shareholdings 2 Promotors and Promotor Group Shareholding a) Pledged / Encumbered - Number of shares - Percentage of shares (as a % of the total shareholding of promotor and promotor group) - Percentage of shares (as a % of the total share capital of the company) b) Non - Encumbered 2333361 2333361 2333361 2333361 2333361 - Number of Shares - Percentage of shares (as a % of the total 75.39 75.39 75.39 75.39 75.39 shareholding of promotor and promotor group) - Percentage of shares (as a % of the total share 42.98 42.98 42.98 42.98 42.98 capital of the company)
3 Months Ended 31/03/2013 INVESTOR COMPLAINTS Nil I) Pending at the beginning of the quarter Nil ii) Received during the quarter Nil iii) Disposed of during the quarter Nil iv) Remaining unresolved at the end of the quarter Note : 1) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at theire respective meetings held on May 30th, 2013. 2) Figures for the previous periods/year are re-classifieds/ re-arranged/ re-grouped, wherever necessary as per the format revised by SEBI in conformity with revised Schedule VI of the Companies Act, 1956 For Shamrock Industrial Co Limited Place : Mumbai Date :30th May, 2013
Sd/Director
he legendary Mumbai dabbawalas, known for their management skills, will feature in the Gulf Cooperation Council (GCC) conference to be held in Dubai on June 4 and 5. Arvind Talekar, spokesperson of Nutan Mumbai Tiffin Box Suppliers’ Trust (NMTBST) said that he would represent the 5,000 dabbawalas in the metro at the two-day ‘Third GCC Government Organisations Third and Fourth Line Leaders’ Development Conference’. “I will share the ‘mantra’ for the success of Mumbai’s dabbawallas. I will also speak on time and supply management and accuracy in delivery,” Talekar told PTI here on Sunday. In the conference, a case study on the history of dabbawallas and their day-today operation with focus on the aspect of ‘On time delivery, Every time’, will also be presented, he added. The conference would highlight innovation in leadership that involved ad-
Mumbai dabbawalas will feature in the two-day Gulf Cooperation Council conference to be held in Dubai this week. vanced decision-making and execution skills to obtain cross-functional responsibilities, as they need to drive excellence as multi-faceted leaders, he added. The two-day event aims to forge and build strong relationships among the govern-
ments, businesses, corporate, communities, media, leaders and professionals from east, west, north and south to meet and partner in order to build strong global relationships and expand opportunities in the era of massive globalisation.
NO WATER By A Staff Reporter
on Wednesday June 5 at 7 am on and will continue ome parts of Mumbai will until 4 am of the next mornface a two-day water cut ing, Thursday. In that pethis week as the Brihan- riod, the pipeline will be mumbai Municipal Corpo- isolated, thanks to which no ration has decided to fix water will reach the city on problems in some major June 5, 6 and probably 7. pipelines at the Mahalaxmi Racecourse onWednesday, June 5. Civic officials have appealed to Mumbaikars to store water and use it judiciously. Entire G South Ward, G To start the underground North Ward (excluding Water Supply Tunnel Proj- Dharavi), Kasturba Hospital, ect, the Hydraulic depart- Nair Hospital, Durga Devi ment began work of the Tank, M.P. Mill Compound, 1200 mm diameter cross BDD Chawl (G South), Worli connection and the fixing of BDD Chawl, Sir Pochkhan2 valves of 1200 mm diame- wala Road, Worli Koliwada, ter at the Mahalaxmi Race- Worli Dairy and also Tardeo, course. Tulsi Wadi and Nana Chowk The work is to commence in D Ward.
S UNIVERSITY OF MUMBAI TENDER NOTICE NO. SP/03/2013 dated 20-04-2013
Sealed Tenders are invited by the Director of Physical Education & Sports, University of Mumbai to supply of 1) Sports Uniforms 2) Track suits and 3) Sports Materials on one year annual rate Contract basis w.e.f. 01-09-2013 to 31-032014. The blank tender forms, the terms & conditions Prescribed for the same including list of materials to be supplied can be obtain from the Cashier, Room No. 12, Ground Floor, University of Mumbai-32 from 10-06-2013 to 29-06-2013 on Payment of Rs. 500/- in cash during office hours from 11.00 a.m. to 1.00 p.m. & 1.30 p.m. to 2.30 p.m. on working days only. Sealed tenders complete in all respects & accompanied with Earnest Money Deposit must reach to The Director, Physical Education & Sports, Sports Department, University of Mumbai, University Sports Pavilion, Marine Lines, Mumbai400 020 on or before 6-7-2013 up to 5.00 p.m. The sealed tender shall be opened on 8-7-2013 at 4.00 p.m. at University Sports Pavilion, Marine Lines, Mumbai-400 020. The tenderer or their representatives are requested to present at the time of opening the tender. Place: Mumbai Date: 20-04-2012 Sd/Registrar University of Mumbai DGIPR/2013-2014/588
The following areas will be affected:
Free coaching to minority students in Maharashtra T
he Maharashtra government’s Minorities Development department is contemplating to start free coaching for minority community students appearing for competitive examinations. Around 500 candidates would be given free coaching to appear in the Maharashtra Public Service Commission (MPSC) and Union Public Service Commission (UPSC) exams, state Minister for Mi-
norities Development Naseem Khan told PTI. “The candidates would be selected on their merits,” he added. The step, first of its kind, taken by the state government to give coaching to the students from minority community, comes after Vice President Hamid Ansari recently at a Muslim Educational Conference lamented the low representation of the community.
Afternoon Despatch & Courier
`14,000cr for Maharashtra? CITY
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Sushil Kadam | ADC
MUMBAI | MONDAY, JUNE 3, 2013
By A Special Correspondent
funds, we can complete these projects within the next two he Centre is likely to decide years. As per our knowledge the on the Rs.14,000 crore pack- Centre is positively considering age for irrigation projects in Ma- the package. In the past, special harashtra. Chief Minister packages were given to Andhra Prithviraj Chavan and his deputy, Pradesh and Bihar. We think MaAjit Pawar, will meet Prime Min- harashtra will also get such fiister Dr Manmohan Singh on nancial package.” “Attaining 40 per cent irrigaWednesday to seek a major monetory package to complete irriga- tion potential is not difficult if tion projects in the state. A measures taken by the state were delegation of senior state leaders implemented seriously. Though will be in Delhi for two conse- the present irrigation potential of quent days to get the Central aid. the state is below the national avSpeaking to reporters, Ajit erage,” Pawar added further. The high-level state delegation Pawar said, “We will push hard for a special package for irriga- will meet the PM, Finance Ministion projects. In all 75 per cent of ter P. Chindambaram and Agrithe total projects in the state have culture Minister Sharad Pawar in been completed. With Central New Delhi on Wednesday.
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SEA SONS’ VACATION… With just a few days left for the monsoon in Mumbai, fisherfolks living around the coastal areas of the city like Colaba and Mahim have put off their fishing activities and will be spending the ensuing three month off-season indoors, repairing their trawlers, weaving new nets.
‘Blood On Call’ from August By Prashant Hamine
T
he state government will launch the life saving ‘Blood On Call’ service in Mumbai sometime in August this year. The scheme will be launched in the rest of the state later in October, stated Minister for Public Health, Suresh Shetty. Relatives of patients in urgent need of a specific blood group can now dial 102 and avail of the service. The feature of this service is that blood stored in mobile cold storage boxes will be supplied to the relatives of the patient on motorcycles. Speaking to newspersons recently, he disclosed that meeting with the Metropolitan Blood Bank has already been held. Shetty stated that the government is to set up eight blood storage units across the meSuresh Shetty, tropolis in government and semi-governMinister for ment hospitals, and is in the process of Public Health procuring modern blood storage machinery which will be manned by four technicians. The blood bank at the J.J. Hospital will act as the nodal bank from where the required blood groups will be supplied to the eight blood storage units in the city. Shetty further disclosed that the motorcycles used in the service will be given the status of an ambulance which will be fitted with a blue beacon light. The motorcycle rider will be given a specially designed dress so that the rider can be easily identified. He added that the government is planning to nominate a prominent film actor as the brand ambassador for the life saving service. Initially the government had launched a pilot project in Satara and Sindhudurg districts. By the end of June the service will be launched in Gadchiroli, Amravati, Parbhani and Ahmednagar districts.
NCP wants Eastern Freeway named after Ambedkar T
he Nationalist Congress Party (NCP) yesterday demanded that the ambitious Eastern Freeway be named after Dalit icon Dr. B.R. Ambedkar. NCP spokesperson Nawab Malik has appealed to Chief Minister Prithviraj Chavan to consider the demand, reports PTI. "Majority of the project-af-
fected people in Anushakti Nagar belonged to the backward class. They did not object to the development work and surrendered their homes for the project. To respect their sentiments, the freeway should be named after Ambedkar," Malik, who represents the Anushakti Nagar constituency, said.
07
OUR PALACE IN DELHI 08
Afternoon Despatch & Courier
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President to inaugurate controversial Maharashtra Sadan in the capital on June 4
By Prashant Hamine
T
he President of India, Pranab Mukherjee, has consented to inaugurate the controversyridden new Maharashtra Sadan at Kasturba Gandhi Marg in New Delhi on June 4. Built at an estimated cost of about Rs 100 crore, the opulent new Maharashtra Sadan is located in Lutyens Delhi. But more than its opulence, the BJP and the Aam Aadmi Party (AAP) have lodged strong protests against the controversial manner in which the contract was awarded to a contractor close to the Minister for Public Works, Chhagan Bhujbal, and the alleged awarding of contract for interior decoration to a company owned by Bhujbal’s daughter-inlaw. The AAP, in a written demand submitted to Chief Minister Prithviraj Chavan, lodged a strong protest over the scheduled inauguration of the New Maharashtra Sadan in New Delhi on June 4. In a statement issued here yesterday, AAP secretary
Preeti Sharma Menon stated that an official complaint had been filed with the Anti Corruption Bureau (ACB). But the ACB has not made any progress in the investigation as
it is awaiting government sanction for over nine months to begin the inquiry. The AAP has demanded that first, the inquiry against Chhagan Bhujbal be completed and the
money recovered. She added that if there is an attempt made to inaugurate the building before, it will be greeted with strong protests in Delhi. The new Maharashtra Sadan was
to be originally inaugurated at the hands of the then President of India, Pratibha Patil, on 21stJuly 2012, which was cancelled on account of the unearthing of a scam by the PWD Minister of Maharashtra, Chhagan Bhujbal. Bhujbal’s family allegedly got kickbacks for awarding the work to a novice contractor who siphoned off crores of rupees. The furniture too was purchased through Bhubjal’s own daughter-inlaw’s company, adds Menon. Built using Dholpuri reddish colored stone, the architecture is modeled on a princely palace. The edifice has a seated statue of Chhatrapati Shivaji Maharaj in the front portico which has garden and a fountain. Statues of great leaders of Maharashtra like Babasaheb Ambedkar, Shahu Maharaj and Yashwantrao Chavan are also installed in the premises. The Sadan is spread over six acres and has 138 rooms for Chief Minister, Governor, Ministers, Secretaries, MPs, MLAs, a Library, a Museum, an Auditorium and a Press Enclave.
Robber alias PA Man held in robbery case claims to be former PA to top Bollywood actress
HORSING ABOUT... Shiv Sena chief Uddhav Thackeray in discussion with Chief Minister Prithviraj Chavan over land issue of Mahalaxmi Racecourse, at Varsha, on Sunday.
Shiv Sena leader in MBMC alleges, administrative bias By Suresh Golani
A
lleging ‘discrimination’ by civic administration in implementing the ward-level development works, Shiv-Sena group leader, Neelam Dhavan has demanded that Mira Bhayandar, municipal commissioner, Suresh Kakani, should take immediate action against 'lethargic” civic officers. In her letter to the civic chief, Dhavan alleged that civic employees including high ranked officers in the MBMC have been apathetic towards their duty and are least cared to even give replies to official questions raised in context of developmental issues and public grievances. “Officers only pass the buck, while, ultimately, we as corporators have to face the voters' wrath. When least regard for corporators, especially from the opthey treat elected representatives like this, their be- position. havior towards the common man stands exposed,” In response to Dhavan’s complaint deputy civic said Dhawan, who also seeks to know as to how many chief Vilas Dhage, has issued a notice to all Head of orders passed in the general body in the past eight Department’s (HoD), directing them to take cogmonths have been implemented by officials who have nizance of issues raised by corporators.
Vinod Vatam being led away by Oshiwara Police, yesterday.
By Zuber Ansari
rowed Rs.60,000 from Vatam some time ago, but failed to pay it back inhe Oshiwara police have ar- spite of being requested many times rested a 32-year-old man, while to repay the amount. Even Khan’s another person remains at large, in cheques given to Vatam had a robbery and trespass case in bounced. Sub Inspector Vishnu Rathod of Lokhandwala in Andheri West. Interestingly, the arrested accused is Oshiwara police station, said, “We claiming to be the former Personal have arrested Vinod Vatam, while Assistant (PA) to Bollywood actress his friend Umesh is absconding. Both the accused entered Shehzeb’s Shilpa Shetty. Vinod Vatam, and his absconding home and beat him over a money accomplice, Umesh Tripathi, had dispute. They also decamped with allegedly entered into the house of his mobile phone. Khan tried to one Shehzeb Khan at Lokhandwala commit suicide. Vatam claims that late on Saturday night and started he was associated with Shilpa beating him up in front of his girl- Shetty and has worked with her as a friend. When Khan’s housemaid in- Personal Assistant.” On the basis of Khan’s complaint, tervened, they beat her up also. After the incident, Khan felt too we have registered an FIR under humiliated and tried to commit sui- section 392, 452 and other sections cide, but he was saved by the girl- of the IPC. On Sunday, he was profriend and the maid, who took him duced before the holiday court and remanded to police custody for two to a nearby hospital. The dispute between Vatam, Tri- days. A manhunt has been pathi and Khan had erupted over launched to nab Umesh who is still money, as Khan had allegedly bor- absconding, added Rathod.
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3,000 families may become homeless
Afternoon Despatch & Courier
MUMBAI | MONDAY, JUNE 3, 2013
MBMC acts tough, initiates forceful eviction of those living in shaky Mira Bhayandar buildings
By Suresh Golani
While the MBMC has already passed a resolution recommending adopting the changes in the development control regulations (DCR) to facilitate redevelopment projects of old structures, the proposal has been gathering dust in the offices of state government authorities for the past several months.
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By Yatin Ingle
S
ome weeks ago, it was discovered that the standard X text books carried many grammatical mistakes apart from factual errors. It was soon noticed that even standard IX text-books of the SSC Board had had similar errors. Now, the state board has said that the corrections can only be done next year as the whole lot of the text books for this year have already been published, distributed and sold. However, the Board had sent corrections of these errors to all the schools across the state. When the issue of erupted, the board dismissed the committees handling the subjects where errors in text-books were discovered. Though the state board had already formed the committees for sitting down to formulate this year’s syllabus, teachers from various schools claimed that they had not been informed about the formation of the committees. The ADC talked to Uday Nare, senior teacher of Hansraj Morarji Public School in Andheri, who said “I had applied to be advised of the formation of the board of studies
WILL THE CM INTERVENE?
Some of the rickety 56 buildings like these, will be demolished by the MBMC. ated a couple of buildings, including the precarious 4-storey Mahesh Nagar (no 5) in Bhayandar (West) which has been appearing on the list of dangerous structures for the past couple of years. Even as the MBMC assumed combat mode to launch the forceful evacuation operation, it has virtually no back-up plan for residents and does not even have a single vacant transit camp for relocation. It should be noted that al-
most all dangerous buildings in the twin-city have already consumed a Floor Space Index (FSI) of more than 4, and builders are reluctant to undertake redevelopment work. At present, the FSI has been capped at 1.33 for new projects, while the slum redevelopment projects are entitled to an FSI of 2.5. FSI, which determines the extent of construction permitted on a plot, is the ratio of the builtup area to the total area of the plot.
Had announced that Rental Housing Scheme units would be made available as Transit Accommodation for those dispossessed from Thane. Chief Minister Prithviraj Chavan had recently announced that tenements under the ambitious rental housing scheme would be used as transit camps for occupants of dilapidated buildings in Thane. Under the rental housing scheme, around 3,700 units in two major projects at Mira Road will be made available to the concerned planning authority. If the state government authorities widen the scope of transition here, it will be a boon for the thousands of occupants living in dilapidated buildings in the Mira-Bhayandar region.
Upset over lewd comments, girl attempts suicide By Suresh Golani
I
n yet another shocking case of crime against the female gender, a 15-year-old girl student who could not withstand humiliation by four youths, attempted suicide by setting herself ablaze at her residence in Boisar on Saturday. According to the police the victim who is a Std X student of a private school, stays in the Salvad area of Boisar. Fed up by the lewd comments passed on her by four youths of the same locality, the girl poured kerosene and set herself afire. The girl who suffered 70 percent burns was rushed to a hospital in Palghar from where she was shifted to Sion Hospital in a critical consition. The four suspects identified as Akshay Raut (18), Abhijit More (17), Deepen More (15) and Pranit Thakur (19) have been detained and are being interrogated to establish their involvement into the crime, police said. “Investigations were on and a case under section 306 of the IPC will be registered against the accused,” said an investigating officer. Azad Shrivastav | ADC
he danger of being rendered homeless this monsoon looms large on thousands of families (most of them belonging to the lower income group) in Mira Bhayandar. Left with no ‘other option’ the Mira Bhayandar Municpal Corporation (MBMC) has decided to act tough and resort to some strong-arm tactics in a bid to evacuate people from shaky buildings in the region. While 56 buildings housing 1,891 families are already on the list of rickety structures for the past several years, the MBMC has recently ordered structural audit of all pre1995 buildings in the twin-city. Notices have been issued to 1,165 buildings to get their structural audit done within a month. After a series of evacuation notices failed to evoke response from people living in the dangerous structures, the MBMC has now initiated stringent measures, including disconnection of water supply and forceful eviction amidst tight police cover. While water supply lines to 14 buildings have been disconnected, the MBMC has asked the service provider to cut-off electric supply to ensure that residents evacuate immediately. Meanwhile, a special civic squad went ahead and evacu-
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We know nothing Teachers unable to get errors in text books corrected as they do not have information about responsible committees from the State Board
The syllabus is changed every 10 years, say teachers. committee in the year 2011 and had got a reply from the state board that it would let me know about the formation of the committee, but I am still waiting. We ourselves don’t have an idea about who is in the committee and who are the persons head-
ing sections for various subjects, so that interactions can take place.” Another teacher, Uma Dhere, said “We teachers are not informed when the new committee will be formed or where we should apply to be part of the same. The ministry itself steps ahead with its own decisions and members, and the errors are a result of this.” The state Board of Studies is formed by the State Education Ministry for a duration of 10 years. The syllabus is therefore changed every 10 years. The committee usually comprises of 16 members who are experts, teachers from high schools and professionals from fields of the concerned subjects. yatin.ingle@afternoondc.in
Lifer for man who burnt his wife alive By Suresh Golani
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he Sessions Court, Vasai sentenced a 45-year-old man to life imprisonment after he was found guilty of setting his wife ablaze in front of their five children at their residence in the Dutta Nagar area of Nalasopara (East). The crime was committed on December 25, 2010. Suspecting his wife
Aruna of having an extramarital affairVishnu Hari Khopkar (45) poured kerosene on her and set her ablaze at their tenement, even as their helpless kids watched in horror. While Vishnu fled the spot, Aruna succumbed to her burn injuries. Their five minor children were witness to the ghastly crime, which Vishal committed in an inebriated state, police had said. The accused was late ar-
rested by the Nalasopara police. Sessions Judge R.M. Joshi convicted Vishnu and awarded him life sentence. Public Prosecutor Ujwala Mohalkar, told the court that even after ten years of marriage, Vishnu suspected hiswife’s alleged affair. Mohalkar, in her argument before the judiciary pointed out that the offence was heinous as it was committed in front of five minor children.
TIED THE KNOT… Rajasthan Royals cricketer and an accused in the IPL spotfixing scandal, Ankeet Chavan with his wife Neha Sambari pose after their marriage in Dadar, on Sunday.
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Playing footsie with Naxals after all has its costs
Afternoon Despatch & Courier
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DESPATCH & COURIER
Ponder awhile...
“In seed time learn, in harvest teach, in winter enjoy.” — William Blake
Harvest this monsoon THE monsoon silly season is upon us, and even though we know that the rains will hit the city ten days after they come to Kerala, nothing stops us from peering upwards hopefully all the time. As I write this, they are advancing to Goa, then the Konkan and Ratnagiri and finally, they should be here by June 10. Once again, if we are lucky and the IMD has been accurate, we can look forward to cloudy days and pouring rain as Mumbai receives its annual 2146 mm of rain for the city (2457 for the suburbs). And we shall try not to let the sight of billions of litres of water gushing uselessly into the sea because, one, we have tarred, concreted, bricked and cemented every available centimeter of open space available to us in the name of development, and because, two, we just will not invest in rainwater harvesting systems that will solve all our problems. Consider this – the number of buildings, societies and co-operatives that have included rainwater harvesting in their development plans are probably less than 1 per cent of the total. Currently there is a shortfall of 550 MLD (million litres per day) in Mumbai. Yet, merely using rooftop rainwater harvesting to capture 20 per cent of Mumbai’s run-off would result in a saving of 600 MLD per day! Just 20 per cent. In addition to rooftop rainwater harvesting, there is harvesting using percolation pits for groundwater recharging. But there is really no alternative to this. If we are to prevent water wars from taking over our lives, we have to treat this issue far more seriously than we have done. We have to make rainwater harvesting a part of our lives, individual as well as collective. We have to talk, cajole, influence, persuade and threaten everyone, from groups to neighbourhoods to the authorities. We have to make non-compliance with rules that new buildings must come with mandatory rainwater harvesting systems punishable not just with fines but with jail terms. And for the sake of decency, let’s get these idiots posing as luxury apartment purveyors to stop promising that each flat is to come with its own plunge pool. In a state where there is mass migration of villages into cities because of the water shortage, this is the ultimate obscenity.
Afternoon DESPATCH & COURIER
CAROL ANDRADE Editor
A.R. KANANGI Associate Editor
KAMAL MORARKA Chairman of the Board of Directors Afternoon Despatch & Courier office is located at: Janmabhoomi Bhavan, 3rd Floor, Janmabhoomi Marg, Fort, Mumbai-400 001. Phone: 40768999. Fax: 40768916. E-mail: afternoonnews@gmail.com Printed by Shashikant Jadhav for Courier Publications Pvt. Ltd., at Journal Press, Free Press House, Free Press Journal Marg, 215, Nariman Point, Mumbai-400 021 and published by him from Janmabhoomi Bhavan, 3rd Floor, Janmabhoomi Marg, Fort, Mumbai-400 001. Registered Office at: 98 Mittal Chambers, Nariman Point, Mumbai-400 021. Vol. XXIX No. 59
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UBLIC memory is proverbially short. And it is an abiding failing of our policymakers not to get wiser even with the benefit of hindsight. Recall how the Congress Party, now crying from housetops that Naxals are terrorists, had done a deal with the insurgents on the eve of the 2004 Assembly and Lok Sabha polls in Andhra Pradesh. The author of that not-so-secret understanding with the leading lights of the ultra-left guerrillas was the late Y.S.R. Reddy. As part of the deal, soon after the twin polls, which the Congress won handsomely in Andhra Pradesh, the top command of the Naxals was engaged in negotiations. Representatives of the newly-installed UPA Government in New Delhi and the YSR Government in Hyderabad met the top leadership of the Naxals in several sessions spread over a couple of weeks. However, when it became clear that there was no meeting ground between the elected members of the lawfully constituted central and State governments and a handful of scruffy men and an odd woman or two, all claiming to speak for the people without in anyway providing an iota of evidence of their representative character, the talks broke down as they were bound to. For there could be no common ground between those who were self-avowedly committed to wage a war against the Indian State and those who were its elected representatives and duty-bound to uphold the Constitution, Within hours of the abrupt breakdown, the anti-Naxal Greyhound squad of elite policemen had the top Naxal leadership in their sights in a jungle not far from Hyderabad. They wanted to siege them. A message was flashed to YSR. He, in turn, sought permission from New Delhi. The then National Security Adviser, the all powerful M.K. Narayanan, however, ordered that the cornered high command of the Maoist guerrillas be allowed a safe exit. That was sometime in later half of 2004. Admittedly, whether it was part of a tacit understanding, or the Naxals were being genuinely grateful for having been spared their lives, their operations in Andhra Pradesh were overnight scaled down. Instead, Chhattisgarh and, to a lesser extent, Orissa saw further intensification of Naxal insurgency. Now cut to the last week. The ambush and killing of 24 people, including a few leading lights of the Chhattisgarh Congress, traveling in a convoy through the densely-forested Bastar, was a barbaric act. No sane person can condone it. Naturally, the Congress high command is hopping mad. The leaders of the Chhattisgarh Congress had begun electioneering early in Bastar. In the last Assembly poll, the party had managed a lone seat while the ruling BJP won the other eleven. In view of the State elections later this year, it was natural for them to try and renew contact with the voters in the vast region dominated by the tribals and, their self-proclaimed benefactors, the Maoists. Without in anyway detracting from the
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enormity of the tragedy that befell the families of the twenty-four people, including a few who had no connection with politics and were merely serving as drivers and security guards to various VIPs, it must be noted that people like Jairam Ramesh and other bleeding-heart liberals in the ruling party probably for the first time have begun to equate Naxals with terrorists. Not even when the they killed a busload of security personnel, including 76 in one incident and over 30 in another, did they deem it fit to call a spade a spade. Those were security personnel, you
INSIDE STORY Virendra Kapoor see. And here we are talking of Congressmen. Until last week, these people displayed their wholly misplaced sense of liberalism on the sleeves of their well-starched kurtas, dubbing the armed guerrillas waging war against the Indian State as ‘good but misguided people whose heart is in the right place.’ Of course, such an approach to was opportunistic. They believed it would help embellish their pro-poor credentials since the Naxals claimed to be waging a struggle on behalf of the poor tribals. Or was it their guilt that nearly six decades of Congress rule had done nothing much to improve the socio-economic lot of the tribal people? Meanwhile, the unfortunate blame-game that followed the tragic killings in Bastar has now taken an ugly turn. The Congress leadership was unwise to suggest that the State Government might have deliberately under-assessed the security threat to the party convoy. But as is now amply clear, the route on the way back was inexplicably changed at the behest of the lone Congress MLA from Bastar, who, incidentally, survived the attack. Maybe only in retaliation, the BJP has publicly accused the former Congress chief minister Ajit Jogi of being involved in the conspiracy. Jogi’s ambitions to bounce back as the chief ministerial candidate are not hidden. Following the horrible killings of the State Congress chief and others, he remains the only leader of significance to lead the Congress campaign in the coming Assembly poll. Also, it is worth recalling that his delinquent son, Amit, was the main accused in the murder of the State NCP treasurer Ramavatar Jaggi on the eve of the 2003 Assembly elec-
Gold alone is the guide and guru of the universe
Who is whose Guru? God alone is the
guide and Guru of the universe. As long as I live, so long do I learn. You see many stars in the sky at night, but not when the sun rises. Can you therefore say that there are no stars in the heavens during the day? O man, because you cannot find God in the days of your ignorance, say not that there is no God.” As a toy fruit or a toy elephant reminds one
of the real fruit and the living animal, so do the images that are worshipped remind one of the God who is formless and eternal.” Sunlight is one and the same wherever it falls; but only a bright surface like that of water, or of a mirror reflects it fully. So is the light Divine. It falls equally and impartially on all hearts, but the pure and pious hearts receive and reflect that light well.” — Sri Ramakrishna Paramahamsa
tion. Initially, even Ajit’s name figured in the FIR. But later his son was listed as the main accused in the charge-sheet filed by the CBI. Acquitted by a lower court, last heard the CBI was planning to file an appeal against his acquittal. Ironically, Jaggi had then joined the NCP at the instance of its Chhattisgarh leader, V C Shukla, who was an implacable foe of Ajit Jogi. Since then back in the Congress, Shukla was seriously injured in the Naxal attack last week and was now fighting for his life in a Gurgaon hospital. Meanwhile, Ajit Jogi, who was seriously injured in a road accident in 2004 and had been wheelchair- bound since then, has now acquired electronic legs which would enable him to walk at least seven hours a day. And last month he had declared his intent to plunge actively into the Congress campaign for the next Assembly poll later this year. As we said, it takes two to construct conspiracy theories. Even though we will give the crafty Jogi the benefit of the doubt, there are others who know him well and wouldn’t put anything beyond his and his son’s evil capabilities. How immensely better would it be for the larger good of the polity if politicians followed a bare minimum code of conduct which eschewed playing with the national interest for the sake of votes. Naxal insurgents becoming terrorists for the bleeding heart liberals overnight due to the exigencies of the electoral battle ahead is as good an example as any of our political class playing with fire for short-term gains while losing sight of the larger public good.
Pitting growth against the poor
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NE of the strangest reasons cited by Aruna Roy for quitting the National Advisory Council, the super cabinet headed by Sonia Gandhi, is that the UPA Government prioritizes growth over welfare of the poor. Roy, however, failed to enlighten us as to how the Government can generate funds for more and more freebies for the poor if there is no growth. Growth, we thought, was not the enemy of the poor. In fact, even the existing entitlement schemes could run out of funds if growth suffered any further, having already slipped below five percent in the last fiscal. Besides, Roy, whose heart, it should be noted, bleeds the most for the poor, might be wrong on facts. The truth is that the UPA Government gave up bothering about growth a long time ago. For evidence, consider the policy paralysis, the abandonment of vital reforms, neglect of infrastructure, various corruption scams et al. Civil society activists like Roy seem to suffer from the illusion that they alone know what is good for the poor and the wretched of this earth. For them, it is either `my way, or highway.’ Time they disbanded the NAC, a motley group of leftist do-gooders who only believe in widening the entitlement net without any concern for the state of the public finances. There is no better way to remove poverty than for India to grow consistently at ten percent for a decade or so. Entitlement schemes which civil society activists like Roy canvass can only distribute poverty but not help remove want and hunger from the land.
Internet riddles
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HAT does BCCI stand for? Board for Control of Cricket in India. Right? No. Wrong. It stands for Board for Commerce in Cricket in India. And if pro is the opposite of con, then what is the opposite of progress? Simple. Congress.
Afternoon Despatch & Courier
MUMBAI | MONDAY, JUNE 3, 2013
SAD DEMISE OF A RADIANT FILMMAKER thought he belonged there than on earth. The world mourns the death of a great human being, a gentleman to the core and our film industry is truly orphaned by his demise. R.I.P Rituparno Ghosh! May his soul rest in peace!
Bollywood rather late in his career, made an instant impression with a few exceptional films. RIP Rituparno! You were undeniably a class apart. — K.V. Raman, Malad
— S.N. Kabra, Goregaon
BRILLIANCE has got nothing to do with age and while genius storyteller Rituparno Ghosh died young, he left the whole world mesmerised with his work which could be rated with the best in business. He was versatile apart from being innovative and his films won 12 National Awards in his short span of two decades in film making. He worked with the top actors of our country including Superstars Amitabh Bachchan, Aish-
Fear not, Dr. Soonawalla RAPE is an ugly word and we need strong laws to protect the dignity and safety of our women. To use these laws as a blanket to harass and destroy the reputation of citizens who have always been law abiding and have served the community with integrity and compassion is nothing short of—BLACKMAIL! Yes, I am referring to Dr. Soonawalla of Bandra—a God-fearing and good human being, who has served the citizens of Bandra so faithfully and in keeping with the traditions of the Hippocratic Oath. To flash his name in the media and to arrest him on the word of a woman who has obviously been used as a tool to serve the interests of God knows which crooks, is to say the least painful and frightening. We are praying for you, Dr. Soonawalla and God is on your side. We are with you. You will rise stronger than before. Do not lose faith and hope. — Mrs Gooloo Mehta, Bandra
BMC not monsoon ready APROPOS ‘Pumping out ‘taxpayers’ money’(ADC, May 30), it is hugely disturbing to learn that such vital projects of commissioning and operating two large dewaterOF ing pumps (rain water) are LETTER THE DAY far from being ready for operation. From the report it clearly reveals that the two contractors entrusted with these jobs are incapable of adhering to the schedule and thereby mightily preventing BMC to use the pumps during the monsoon while the city receives heavy rains. We have witnessed the 26/7 tragedy in 2005 while the cloud burst occurred and how the metropolis reeled under this superheavy deluge. The BMC top brass should have been more vigilant to monitor and
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wariya Rai, Bipasha Basu etc. and many top names simply aspired to work with him. He even acted in films like ‘Memories in March’ apart from writing scripts which got acclaims and was even hailed by critics. At 49 years of age, Ritu as he was popularly called died very young but his stardom and work would be remembered for centuries to come. Maybe, the Almighty needed his brilliance in heaven and
IT is a matter of profound grief to know of the death of noted filmmaker 49 year old Rituparno Ghosh of a cardiac arrest following pancreatitis at his south Kolkata residence. He was the winner of 12 national and some international awards. Ghosh shot to prominence with a children’s film directed by him ‘Hirer Angti’ in 1994. His film ‘Unishe April’ won the national award in 1995. His other extensively commended films comprise of ‘Dahan’, ’Asukh’, ‘Chokher Bali’, ‘Raincoat’, ‘Bariwali’, ‘Antarmahal’ and ‘Noukadubi’. Nevertheless, his untimely death is a mortal blow to the planet of cinema. He invested each of his films with an authentic touch and while he entered
THE sudden and sad demise of this extraordinarily talented film director has certainly caused an irrecoverable void in the Indian film world. From Bengal, after the era of Satyajit Ray he raised the Indian film scenario to a level which is not only nationally recognised but it did win the international repute as well. He won a national award or his debut film Hirer Angti (Diamond Ring ) The audiences were awe struck to have seen the films like Chokher Bali (A Tagore story ), then Raincoat, Unishe April (an Aparna Sen starrer), & so many other films each one of which was a national award winner. It was so sudden that at first I could not believe that he has passed away. As the other outstanding film maker Goutam Ghose indicated , I echo the same “ that there will be no Rituparno again. May his soul rest in peace . — Bikram Banerjea, Mumbai
that “nobody understands music better than Marathi people”. The comment was crass and showed the true colour of Mangeshkars. It does not behove well for Asha.
make sure that such vital projects are completed on time. — Bikram Banerjea, Mumbai
clinching evidence, or negligence, the culprits corrupting the religion of cricket go scot-free. An MBA in match fixing will be on the cards sooner or later. — C.K. Subramaniam, Sanpada
CRICKET has the following of a religion in India but BCCI President N. Srinivasan has betrayed the millions of lovers of the game. Nothing fazes the man. Not even the fact that the T-20 league is a breeding ground for match-fixers, where players have turned into bookies and teams are willing to sell themselves to the highest bidder. When three cricketers were arrested N Srinivasan washed his hands of the shameful episode by blaming only three players by calling them three rotten eggs. When his son-in-law, CSK boss M Gurunath was caught for cheating and match fixing Srinivasan did not react. Srinivasan and his ilk ought to be put behind bars for at least seven years with rigorous punishment as a deterrent for others who may want to ape the shameful and destructive crime of match-fixing and spot-fixing. — Bhagwan Thadani, Mumbai
False alarm THIS has reference to the article ‘State ATS falsely…’ (ADC, May 23). Within a few days of the German Bakery bomb blast, a dashing youth leader in Maharashtra had claimed he had proof of the involvement of Hindu “terrorists” in the attack. But, unfortunately, the young leader is still unable to substantiate his charge even after a gap of three and quarter years. — Jorhat Singh, Kandivli
— S. Shankar, Mumbai
MONSOON creates havoc every year in Navi Mumbai. Authorities will take due notice and ensure that the city is not subjected to repeated havoc. While some of the action has been taken, but no permanent or long lasting solution has been forthcoming. Citizens are facing difficulties caused by the condition of roads (potholes mainly), street lights, trenches and ditches, garbage disposal, sanitary and hygiene, water scarcity, power cuts etc. Keep on recurring every year, much of the annoyance and inconvenience of the citizens. Thousands of stranded commuters, hundreds of stalled vehicles, disrupted train, bus services--all paint a picture of Navi Mumbai, whose plug has been pulled out. Cases of dreadful diseases like leptospirosis, malaria and other water-borne illnesses are a recurring annual feature ‘not worthy’ of adequate precaution. Many open manholes could spell danger. Many junction boxes remain open and unattended. Let us hope that the authorities will give a positive response before the rains come down. — Probir Kumar Bose, New Panvel
Ban mannequin vulgarity THE protest against semi-nude mannequins is reasonable. It feels awkward when one passes by such mannequins. Many young teenagers also ogle at the statues, which is embarrassing for the women and girls around the spot where the mannequins are placed. Ladies’ lingerie should not be openly hawked by dressing up mannequins with them because Indian women never expose their innerware. The semi-clad mannequins
Fixing going global
LOATHSOME: Semi-clad mannequins are less about sales strategy and more about vulgarity. also titillate the viewer which can lead to women abuse. So, why favour this stupid vulgarity through mannequins. The Mumbai corporator, Ritu Tawde is right in demanding a ban on this ‘vulgar’ sales strategy. — Bhavesh Jani, Nala Sopara
Unfortunate music event THERE was this program ‘Nakshatrache Dhen’ presented by Asha Bhosle and Pt. Hridyanath Mangeshkar on May 30 last, at Shanmukhananda Hall. The advertisements did not mention “only Marathi songs” but put the photograph of Asha Bhosle and said: “Divine pleasure of listening to Asha Bhosle singing her unforgettable nos”. That did the deception trick. The program was only Marathi songs. Several such advertisements were released in newspapers. The gullible fans got cheated 100 per cent as she sang only Marathi songs. Secondly, during the program Asha put the audience knowledge on ‘Anthraand Mukda’ to test in a Marathi song sung by her. No one could answer, after which Asha said, “maybe it is Shanamukhanand Hall, therefore Tamil slant” and added further
BE it a hotelier, a famous restaurant chain owner, a real estate dabbler, a property dealer or, for that matter, an Old Delhi businessman, there is a bookie in them somewhere. Be it about rubbing the cherry on the trouser, tying or untying shoelaces, kissing the pendant, stretching on the field or even looking heavenwards during a match, there is a fixer in some player somewhere. Be it a low-rung law enforcer, an STD booth owner, an Intelligence agent or an officer of high rank, there is a mole in them somewhere. With such a scary and well-oiled network at hand, no wonder the illegal betting racket boasts of a Rs 40,000 crore turnover every season. Not that the Delhi Police has not been on the trail of these notorious men and women but often, for lack of
No alternative to Cong INDEED, today the so-called leaders/politicians are out to criticise the UPA government under Dr. Manmohan Singh and Mme. Sonia Gandhi plus Rahul Gandhi, attributing to them dynastic rule, but, what about the ‘dynasty’ stealing/theft/robbery committed by almost all ministers e.g. the recent cases of ex-railway minister Pawan Kumar Bansal and his kin while the very recent BCCI chief Srinivasan and many more hiding in the closets? They, in fact are out to loot the nation! True, there are some black sheep in the UPA government also, but, their numbers are few and far between. The truth is—no matter which party comes to power there cannot be a better party to rule the nation except the Congress, for sure? — P. Chakravorty, Fort
Maulvi Rehman: Dead or alive? THE Number Two in the Pak Taliban hierarchy, Maulvi Wali Ur Rehman has been reportedly killed in a drone attack in the hilly terrains of the country. Before coming to a conclusion, it would be better to watch for the live telecast from a Gulf-based channel for further confirmation. Otherwise, like what has happened in such cases in the past, the “dead” terrorist would be seen making his appearance on the TV calling upon his Islamic followers to liquidate the infidel westerners led by the US. — Vineet Phadtare, Borivali
UNTRUSTWORTHY: It is doubtful that Rehman is really dead. He may actually be alive and kicking and may also appear on TV to instigate his ignorant followers. Not surprising!
‘Restore Bulk Diesel Subsidy’
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Afternoon Despatch & Courier
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MUMBAI | MONDAY, JUNE 3, 2013
File Pic
74 lakh commuters a day forced to pay increased ST bus fares By A Staff Reporter
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he Aam Aadmi Party (AAP) has started an ‘andolan’ to demand the restoration of Bulk Diesel Subsidy to State Transport buses. According to AAP activists, there are two adverse impacts because of the removal of this subsidy: one is price hike in tickets and second is the corruption in the new system. “All ST depots had their own fuel pumps wherein there was a discount of Rs.14 per litre. This was discontinued by the Central Government in February 2013. In crore passengers every month. Maharashtra, 74 lakh people travel These passengers are now paying by ST buses daily, which means 22 increased fares. The citizens will not
By Tariq Khan
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Cops water down rape only pay for the increased fuel cost, they will now have to pay much more as the new arrangement has
Shivaji Nagar police understand rape as mere molestation and theft
the summer heat, keeping the door ajar, through which the thieves gained access. “One of the accused threatened me with knife and I gave him my ornaments but he demanded sex from me. When I pleaded with him to take my ornaments, he again threatened me and forcibly raped me. When one of my kids woke up, he tried to strangulate the child. The criminals later fled after robbing my gold mangalsutra and ear rings,” the victim told the ADC. On hearing her cries, the husband woke up and with the neighbors who had gathered there, approached the Shivaji Nagar police
to lodge a complaint. The victim narrated the entire incident to officer PSI Sachin Kadam and night PI Desai. But strangely, before sending the victim for a medical check-up, Kadam told the couple to go home and freshen up. When the couple arrived at the police station after having bath, Kadam sent the victim to Nagpada Police Hhospital for a medical test. When the Nagpada Hospital doctor asked the victim why she took a bath before being medically checked, the victim realized police officials crookedness. “Even the lady constable accompanying me told me not to reveal that I had Azad Shrivastav | ADC
ccusing the police of hobnobbing with the rape accused, the parents of a 22-year-old married Dalit woman have raised a cry for justice from callous authorities. The victim, her husband and two children are residents of Rafique Nagar Part-II in Shivaji Nagar, Govandi. Two notorious criminals entered their house in the dead of night to rob the house but decided to rape the woman before fleeing with her gold ornaments. Surprisingly, the Shivaji Nagar police filed an FIR under sections 354 (A) (molestation), 380 (theft), 452 (trespassing), 506 (criminal intimidation) and 34 (common intention) of the IPC against the two criminals while arresting them. The incident occurred on Tuesday night at 2.50 am when the Dalit victim’s husband who was drunk, slept outside his house because of
given rise to more expenses in manpower and management costs. For example, if earlier a district had one depot which had one pump, it was manned by 2 people at a time, assuming 3 shifts, 6 people. (Assume some extra hands -- it would still not be more than 8 people.) For every depot pump that has been shut down, 25 private pumps have been commissioned. ST has employed 6 people in each of those private pumps to fill fuel for its buses. So that means for 25 pumps, there are now 150 fuel attendants! Their salaries, the costs of hiring and managing these employees and the costs of managing these multiple private pumps will be borne the ST and therefore by the passengers!” said Sanjiv Sane, AAP spokesperson. Speaking about increased fares due to Multiple Windows of Corruption, he further added, “In order to get any sarkari contract, vendors
bathed before arriving for medical check-up,” complained the victim, adding that since they are illiterate, the police are actively conniving with the parents of the accused who are local drug lords. In his defense, PSI Sachin Kadam said, “We have arrested two accused viz. Mohammad Arif Abdul Rehman Khan alias Tanna (19) and Mohammad Ali Razzak Shaikh alias Billa (19), both are residents of Rafique Nagar. They are being produced in court. While lodging the FIR both the victim and her husband sat through the night at police station, I told them to go home only to freshen up and not for bathing.”
Victim’s husband while accusing the police of twisting their complaint and writing a different version in their signed statement as they both are illiterate, has threatened to commit suicide along with his wife and kids in front of Shivaji Nagar police. The victim’s parents kept crying and asking, Why did the police sent the victim home for bathing instead of sending her immediately for a medical check-up? Why have the police lodged a molestation case instead of rape when the victim cried rape? When the victim said that the rapist’s sperm were present on her private part and body, why did the police make her destroy the evidence? The ADC has video record the statement of the couple. When this reporter spoke to Sr.PI Radheshyam Agarwal, he said, “Doctor’s report did not specify rape. Even so, I will further enquire and if the victim insists on rape we will lodge a rape case against the accused.”
RInfra launches VDS scheme & Energy Saving Refrigerators By Prashant Hamine
this scheme online from any place of their convenience. Consumers eliance Infrastructure Ltd. (RIn- can also monitor their bill payfra) yesterday launched two ini- ments online and make additional tiatives – an Online Voluntary deposits. By availing this facility, Deposit Scheme (VDS) for its power consumers can also receive prompt consumers in Mumbai and energy payment incentive of 1 % on their efficient refrigerators. The VDS will monthly energy charges. Conallow consumers to deposit money sumers, who wish to know more with RInfra that will be used every and avail the facility can visit Commonth to pay for their electricity pany Website www.rinfra.com and bill. Consumers will also get 7% an- or http://www.rel.co.in/rel/jsp/bilnualized interest rate on reducing lVoluntary.jsp. Consumers can also balance, on their deposits. While the contact RInfra’s 24x7 Power Bureau of Energy Efficiency’s (BEE) Helpline 1800 200 3030. In an another ‘Change for MumStar Rated Energy Efficient Refrigerators offered by RInfra will help bai’ initiative RInfra has brought a consumers to save money, power scheme for its consumers.To get enbut will also get a five-year warranty. ergy efficient refrigerators, what the Earlier, RInfra consumers had to consumers will have to follow is that personally visit Company’s Cus- they have to just register their retomer Care Centre and complete all quests on website: www.rinfra.com the required formalities. Now under or mail their request at email VDS, consumers -- especially Senior dsm.fridge@relianceada.com or call Citizens, Online Service Users, fre- on Toll Free Round-the-Clock quent travelers, etc., can now avail Helpline 1800 200 3030.
R
GOLDEN THIMBLE… Models walk the ramp at a fashion show organised by Manish Malhotra and Shaina NC to support cancer patients at the Brabourne Stadium, on Sunday. The event also saw participation of veteran actresses like Waheeda Rehman, Asha Parekh, Tanaaz Irani, among others.
have to pay kickbacks. The Pump Contractors are forced to indulge in malpractices to make more money in order to accommodate the credit and kickbacks, and they have begun supplying adulterated diesel. So now the fuel costs will be much higher, the maintenance costs of the vehicles running on adulterated diesel will also be much higher. We demand that the CM ensures that the Central Government roll back the subsidy and if not, the state must bear the cost of the sbusidy. When the Central Government has removed the Bulk Diesel Subsidy for Fishermen, they put up an intensive fight and the subsidy was reinstated. 20,000 fishermen and their consumers were affected. In this case the impact is far bigger - 74 lakh commuters per day are bearing the brunt of the price hike and of the corruption and inefficiencies of the new system.”
Will The US QE Impact India? pg15 How Funds Are Tapping Investors? pg16 Don’t Invest On Tips
pg16 Lessons From Dubai pg19 Buy Aban Offshore, Zydus Wellness
Afternoon Despatch & Courier
MUMBAI | MONDAY, JUNE 3, 2013
The fear that the super-loose US monetary policy of the past four years, that fuelled cheap Fed funds leading to across the board rallies amongst most asset classes and markets, could soon come to an end and could create major corrections across global asset classes, is not unfounded. So how badly will it impact India? Manik Kumar Malakar reports…
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here is an overhang lurking around the corner for India’s battered economy and that is the possible winding down of the US’ Quantitative Easing (QE) programme; meaning the U.S. stimulus program is set to taper off. This programme had boosted economies across the globe and its easing will not be easy for economies, including that of India. However, analysts believe that India is a mega-power in its own right; possible the third largest economy in the world, and has the potential to grow on her own steam although some discomfort will have to be borne through. “India has exhibited resilience on
its own in the last few years and has grown consistently on various sectors independently,” says K. Jayraman-Research AssociateBonanza Portfolio about a possible exit of the US QE (Quantitative Easing) policy. Following the US Fed Chairman Bernanke’s testimony, our US economics team changed its monetary policy call, says Nomura a financial company. ‘It brought forward the date it expects the Fed to start tapering QE asset purchases to the end of September from the end of 2013,’ the Nomura analysis continues. While the exact QE date is still sometime off, its effect is already
INDIA US BILATERAL TIES
India – US Trade Trade and commerce form a crucial component of the rapidly expanding and multi-faceted relations between India and U.S. From a modest $5.6 billion in 1990, the bilateral trade in merchandise goods has increased to $62.9 billion in 2012 representing an impressive 1023.2% growth in a span of 22 years. India’s merchandise exports to the U.S. grew by 1.7% from $9.50 billion during the period January- March 2012 to $9.66 billion during the period January- March 2013. US exports of merchandise to India grew by 8.89% from $4.74 billion during the period January- March 2012 to $5.17 billion during the period January- March 2013. India - U.S. bilateral merchandise trade stands at $14.83 billion during this period.
Major items of export from India to US during the period Jan. – Mar. 2013
Select major items with their percentage shares, are given below. a) Textiles (17.7%) b) Precious stones & metals (21.8%) c) Pharmaceutical products (11.5 %) d) Mineral Fuel, Oil (6.4%) e) Organic chemicals (6.1%) f) Machinery (4.7%) g) Iron & Steel Products (3.6%) h) Electrical Machinery (3.4%) 2Major items of export from US to India
Select major items with their percentage shares, are given below a) Precious stones & metals (28.2%) b) Machinery (12.8%) c) Optical instruments & equipment (6.3%) d) Electrical machinery (6.2%) e) Mineral Fuel, Oil etc. (5.6) f) Aircraft, spacecraft, Parts (5.4%) g) Organic chemicals (4.4%) h) Miscellaneous Chemical Products (4.0%) Source – Embassy of India Washington, DC.
being felt. “Though economic data releases are not in any way suggesting that the Fed’s QE programme is now in its conclusive stages, recent Fed speak has sparked off significant nervousness in markets,” say Sanjay Mathur and Vaninder Singh of RBS in an Emerging Markets note. “This (Fed statement) gave rise to increased volatility in global capital markets in the recent days,” concurs Debopam Chaudhuri, VP-Research, BluFin, a financial services company. And there is economic worry on this front. Outside of the Philippines, the ASEAN region has suffered the largest deterioration in macro fundamentals. “India will also not be immune but much would depend on the external position when QE is tapered off,” say Mathur and Singh. “Certainly the global demand and growth largely depends on the policies of the US,” says Jayraman. So why would the US winding down of QE affect us in India? “The majority of FIIs (Foreign Institutional Investors) are from the US and if they withdraw money from India, we have no mechanism to counter that,” explains Kishor P Ostwal, CMD, CNI Research. Already, a domestic counter balance for foreign funds is missing. The government especially in the recent past has started to diversify India’s trade basket away from the US. Will that work as a counter balance to the run-down in QE? “India continues to be strongly linked to the US,” says Chaudhuri. Statistics reveal that the US is one of the top three sources of foreign remittances to India. “Also US accounts for as high as 12% of total Indian Exports and approximately 5% of total Indian imports,” he continues. (See Box1) “QE winding-down can affect investments in India, but bilateral
trades will not be affected much,” says Ostwal. “India’s bilateral trade will improve in lieu of additional demand for various Indian products,”
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Will The US QE Impact India? Continued from pg 13 «
more expensive which is a cause of concern. “Export oriented companies will improve while imports will be restricted owing to higher cost and to that extent the bilateral trade as well,” he continues. And a QE easing may actually be good for India! “In India, we believe a reduction of QE purchases would be very negative in the shortterm, but should bode well over the mediumterm,” say the Nomura team in their analysis. “However, once the dust settles, we expect India would emerge stronger,” the Nomura team continues. While India has benefited from flows, excess liquidity globally has hurt the economy through elevated commodity prices, including gold, which led to high inflation, a large current account deficit, a falling savings rate and shrinking profit margins. “As normalcy returns globally, India’s macroeconomic imbalances should gradually start to correct,” the say. “Any positive development in the US in terms of its economy is bound to have a positive trickle down impact on the Indian economy as well, is our belief,” says Chaudhuri. If QE is withdrawn, it would mean the US economic improvement is being eyed as self- sustained which should be good news for India. “In the event of an extension, it would imply that the Fed continues its support to the US economic growth, which again would not have any negative impact on India,” Chaudhuri concludes.
QE WIND DOWN AND INDIA’S EQUITIES
Will the QE wind down affect Indian equities? “India will be affected, and there is no question of this getting factored in,” says Kishor P Ostwal of CNI Research. Thus, the recent rally is due to the fact that India had been underperforming even though global markets were at all time high. And remember that domestic factors too move the market a lot. “India is on a threshold of growth which is hindered more by an internal policy crisis and political instability,” says K. Jayraman of Bonanza Portfolio. So what are the companies that would be the most vulnerable to the wind down? “IT and export driven companies,” says Ostwal from both the equity as well as the numbers perspective. “Also all companies where the FII holding is very high,” Ostwal continues.
QE EASING AND THE RUPEE
“If US growth is tangible and broad based due to QE easing, the Indian rupee could become weaker by another 5 to 8%. However, if the Indian government, post elections maintains sound economic policy reforms, coupled with a good monsoon, the rupee could recover and stabilize at 55 levels,” says K. Jayraman of Bonanza Portfolio. “The rupee will fall further due to increase in dollar demand,” says Kishor P Ostwal of CNI Research. However, India has sufficient dollar reserves, he notes.
THE CAD EFFECT
“A rapid fall in gold, oil and other commodity prices is setting the stage for a reduction in India’s Current Account Deficit to 4.0% of GDP, though a possible fall in the Rupee and high elasticity of gold demand in India appears to be potential minor risk,” says Debopam Chaudhuri of BluFin. “We are not very certain in the direction of foreign exchange rate, but we foresee a decline in overall volatility of the rate. Regarding Gold, we are forecasting an average decline of 2.8 - 3% its prices in India by Q3 of 2013, which should further help in reducing the Current Account Deficit,” Chaudhuri ends.
MUMBAI | MONDAY, JUNE 3, 2013
Acquire Beaten Down Blue Chips CLIFTON DESILVA
is an investment expert and a Director at Altina Securities.
T
« STOCK MARKETS
he earnings season continues and many past fancied stocks continue to underperform though there may be some marginal signs of a modest turnaround. Stocks which were fancied in the past like Crompton Greaves and Hindalco reported earnings which did not meet market expectations. In the case of Crompton Greaves the earnings reported by the company fell fall below street expectations. For the quarter ended March, the company reported a 74.7 per cent decline in net profit at Rs 25.3 crore, on a turnover of Rs 3,387 crore, a rise of 10 per cent year-on-year. The dismal performance was primarily due to significant erosion in margins and continued losses in the international business. During the quarter, the company’s power systems segment, which accounts for about 60 per cent of its revenue, reported a fall of 2.8 per cent in margins, led by higher proportion of low-margin systems business in the overall revenues. This is a reason why despite the revenue growth, consolidated margins fell
to 2.3 per cent, against 6.9 per cent in the quarter ended March 2012. The consumer business (22 per cent of revenues) recorded 23.3 per cent growth in revenue. The biggest worry stems from the company’s foreign business, which accounts for about half its revenue. The standalone power system business reported a 7.1 per cent Ebit (earnings before interest and tax) margin on a turnover of Rs 836 crore, while the corresponding business for subsidiary companies, including foreign ones, reported a 9.6 per cent fall in the Ebit margin, on a turnover of Rs 1,224 crore. The foreign business which has been a drag on the company’s performance is undergoing restructuring and has begun to yield results, though any significant gains may not materialize in the immediate short run. However, next year could see greater benefits of restructuring of the company’s global business. Benefits of the recent correction in commodity prices should also be seen, and a strong order book should drive growth. In FY13, the company’s order backlog increased to Rs 9,126 crore, against Rs 8,366 crore in FY12, indicating room for growth. The stock which was at a 52 high of Rs 143 and a low of Rs 87 is currently quoting at Rs 93 and it appears that for the time being most of the positives have already priced in the valuations. However, there could be gains for those investors who are willing to take a long term bet on the company. The fourth quarter numbers of Hindalco are a mixed bag. On a comparative basis the fourth quarter numbers continue to indicate the stress in metals and mining. However, if a comparison of the perform-
ance sequentially is identified it shows signs of improvement. While the sequential improvement is positive, the sharp uptick in debt has come as a negative surprise. Compared to last year, Hindalco’s net sales fell nine per cent during the fourth quarter but rose two per cent to Rs 7,000 crore sequentially. Volumes are down compared to last year but sequentially these have picked up. Copper cathode and alumina volumes have remained flat sequentially, though these are substantially down year-onyear (y-o-y). Operating profit rose 11 per cent sequentially to Rs 640 crore, but was down 26 per cent y-o-y. What remains unchanged is the pressure on costs. High input costs (especially higher fuel and power) have kept operating margins under stress, which declined 211 basis points y-o-y to 9.2 per cent in Q4 but expanded 73 basis points sequentially. The sequential improvement suggests things are not worsening. The stock which was at a Rs 52 high of Rs 137 and a low of Rs 87 is currently quoting around Rs 102. Here too it appears that some of the positives appear to be factored in the valuations. However, investors who have a long term horizon could benefit at current prices and further declines. During the earnings season there are several blue chip companies that have reported earnings below street expectations. The below than street expectations earnings results in price declines, sometimes sharp. These sharp declines should be used as an opportunity to acquire these shares at attractive valuations and build up a portfolio with a potential to generate excellent returns over a time frame of a year.
« BRIEFS
BSE GETS SEBI APPROVAL TO LAUNCH DEBT TRADING PLATFORM
The BSE Ltd has received approval from the Securities Exchange Board of India to launch its debt platform under the new regulations. The SEBI’s approval allows BSE Ltd. to launch a debt platform where banks, primary dealers, insurance companies, provident funds and pension funds can be trading members. This window for trading in debt instruments opens up a new avenue for retail investors to buy debt. Corporate bonds are an attractive investment to retail investors as they provide stable returns. The new debt trading platform will bring in a lot of transparency and ease of settlement. The debt trading platform at BSE Ltd will provide retail investors with an opportunity to invest in Corporate bonds on a liquid and transparent exchange platform. It will further provide an opportunity to Institutions to buy and sell at optimum prices and help Corporates to get adequate demand, while issuing bonds.
FOUR IRANIAN BANKS PROPOSE TO OPEN BRANCH IN INDIA, SAYS CONSUL GENERAL
“Indo-Iranian bilateral trade stands at $ 15.9 billion. However, the high tariff structure maintained by India restricts further growth which needs to be rationalised as preferential tariff system between India and Iran shall boost trade ties between the nations. Secondly, India should expedite the route through the Chabahar Port which shall be a gateway for India to Iran and the Central Asian countries. The progress of the Port shall facilitate the Chabahar Railway Project and the Chabahar
<< From L-R: Gholam Reza Dizaj Nejad, Deputy of Governor of Western Azarbaijan Province of the Islamic Republic of Iran (Planning), Vijay Kalantri, Vice-Chairman, MVIRDC World Trade Centre Mumbai and President, All India Association of Industries and Masood E. Khaleghi, Consul General, Consulate General of the Islamic Republic of Iran during a meeting organised by MVIRDC World Trade Centre Mumbai and All Indian Association of Industries with a high level business delegation from the Azarbaijan Province of the Islamic Republic of Iran fertilizer mill. Four Iranian banks look forward to opening branches in India. However, due to the cumbersome procedures and guidelines of RBI they are unable to start operations. Our delegation recently met the Ministry of Finance and the RBI officials to further the same”, says Masood E. Khaleghi, Consul General, Consulate General of the Islamic Republic of Iran calling upon India to accelerate necessary reforms to facilitate Indo-Iranian relations. He was speaking at a meeting organised by MVIRDC World Trade Centre Mumbai and All Indian Association of Industries with a high level business delegation from the Azarbaijan Province of the Islamic Republic of Iran. Further Khaleghi asked why the Indo-Iranian
bilateral trade can’t cross US$ 60 billion when the same exists between India and China. Vijay Kalantri, Vice-Chairman, MVIRDC World Trade Centre Mumbai and President, All India Association of Industries said that there exists huge indirect trade with the nation. Kalantri called upon for greater interaction between the nations through further exchange of delegations in the days to come. Further, MOUs were signed in between MVIRDC World trade Centre & Urumieh Chamber of Commerce, Industry and Mines and All India Association of Industries and Urumieh Chamber of Commerce, Industry and Mines to facilitate trade promotion between the two countries.
How Funds Are Tapping Investors? 15
Mutual Funds
Afternoon Despatch & Courier
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By Anand Birai
ith the spending on investor awareness now becoming a regulatory requirement, AMCs now have a sizeable corpus to reach out to investors. Based on the current size of the industry, AMCs have roughly Rs. 165 crore at their disposal to spend on investor awareness giving such campaigns a scale and depth that is far greater than what they were doing earlier on their own. This is evident from the activities and campaigns of fund houses and the intensity will pick up further when the rest of the fund houses too roll out their campaigns. While many AMCs are looking at fresh campaigns, others are continuing with their timetested activities, UTI being an example of the latter. Under UTI Mutual Fund’s awareness drive ‘Swantantra’, ‘UTI Knowledge Caravan’ criss- crossed the country covering 48,000 km and 500 towns. It has also come out with multi-language literature that explains investments in a simple jargon-free manner. The fund house now plans to hold investor camps across the country in partnership with TOI. Reliance Mutual Fund claims to have reached out to two lakh investors in its investor awareness program with plans to reach out to five lakh investors in the next three years. RCAM has been conducting its investor awareness programme (IAP) through its learning academy EDGE since 2010. Tata Mutual Fund plans to extend ‘Professor Simply Simple’ to explain financial jargon in an easy to understand way. Through Professor
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ast month the rupee was hit by many negative points like a record Current Account Deficit, high inflation, the dollar buying by defence, purchases by oil firms and foreign banks squaring off their offshore positions; further the recent global dollar rally; after it was known that the U.S. Fed may gradually wind down its asset purchases, weakened the rupee which depreciated by 4.8%, posting its worst monthly fall since May 2012. It became the worst performer in Asia during the month. The RBI cut interest rates by 25 basis points (one basis point is one hundredth of a percentage point) last month and India saw its inflation figure ease below 5%. However, GDP data on May 31 came in line with expectations, lowering hopes of further rate action. It is recommended to sell the USD/INR on rise as overall the rupee is expected to bounce back. The pivot point for the pair is 56.48. The markets have been very choppy last week. The Nikkei was down by more than 10% in recent days and Treasury yields rose
MUMBAI | MONDAY, JUNE 3, 2013
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Simply Simple (PSS), Tata has got something right and plans to build on its success. It is looking forward to taking this initiative further by creating engaging videos that would spread virally and reach out and influence more people along with a separate micro-site to host the lessons and videos. Kotak Mahindra Mutual Fund is using a combination of mass media campaigns with ground events. It has held these events in Maharashtra, Rajasthan and Gujarat and plans to cover more states this year. The print campaign answers questions like ‘what happens if investment is done only during market peaks’ or ‘should an investor get in or get out of equity markets at a 20000 SENSEX level’ and highlights why mutual funds are the most convenient way to access equity markets. Besides print, the fund house will start its awareness campaign in online and outdoor media shortly. Birla Sun Life Mutual Fund has started a campaign called ‘Jaanoge tabhi toh Maanoge’
which aims to spread awareness about mutual funds. The 360 degree campaign has started with radio and a micro-site. Interestingly, DSP BlackRock is targeting women with its ‘Winvestor’ initiative which aims to inspire women of all income levels and ages to empower themselves with financial knowledge. Women advisors called ‘Winvisor’ have volunteered for this initiative. ICICI Prudential has launched ‘Invest Correctly’ to educate mutual fund investors through print, digital and outdoor media. The first campaign focused on using SIPs correctly. The second campaign was to create awareness on debt mutual funds. ICICI Pru has also started a new section on its website which is dedicated to investor education. Quantum Mutual Fund started an initiative called ‘Path to Profit’ where the senior management of Quantum Mutual Fund travelled by road to nine locations in south India. Through this initiative, the fund house spreads the mes-
Currencies To Remain Volatile PRAMIT BRAHMBHATT is CEO of Alpari FinancialServices (India)
« FOREX
to their highest levels since early 2012. The markets are extremely jittery as they try to second guess the timing of the end of QE3 from the Fed.
HSBC MF has announced the appointment of Neelotpal Sahai as Senior Fund ManagerEquities. Accordingly, Tushar Pradhan and Neelotpal Sahai will be the fund managers of HSBC Equity Fund and HSBC India Opportunities Fund. Moreover, HSBC Dynamic Fund will be managed by Tushar Pradhan and Neelotpal Sahai (for equity portion) and Sanjay Shah (for fixed income portion) with effect from 27th May 2013. Canara Robeco MF has announced change in fund management responsibilities. Ritesh Jain, fund manager, will cease to be a part of Canara Robeco AMC with effect from 25th May 2013. Accordingly, Canara Robeco InDigo Fund, Canara Robeco Gilt PGS and Canara Robeco Income will be managed by Akhil Mittal. Franklin Templeton MF has included an additional benchmark index – CNX Midcap with the existing CNX 500 index under Franklin India Prima Fund. The AMC believes Midcap index to be a more appropriate benchmark for the fund, reflecting its investment strategy. Edelweiss MF has announced dividend for Edelweiss Short Term Income Fund, Edelweiss Diversified Growth Equity Top 100 Fund under its dividend option. Accordingly, the quantum of dividend for distribution on the face value of Rs. 10 is Rs. 0.50 per unit. The record date for dividend distribution has been fixed as 30th May 2013. ond weekly gain after weak U.S. data eased speculation the Federal Reserve could soon scale back monetary easing. But recent weak GDP and job’s data boosted chances of the Fed continuing its easing policy and keeping interest rates low. Low rates usually encourage investors to put money into non-interest-bearing assets like gold. Rising gold prices, up more than 4% in two weeks, have slightly decreased buyers in India and China, the top two consumers of bullion. There was a rush for gold in April when prices sank to a two-year low of $1,321.35.
Focus remains on the increased market volatility and the sell-off in Nikkei. We do not think that an end to the current risk rally is imminent but volatility is likely to remain high. US bond yields spiked following strong consumer confidence figures and increased speculation about when the Federal Reserve will start tapering asset purchases. Over the past week, we saw more signs of slight improvement in the Euro area economy as consumer confidence and business sentiment rose in May. The US Federal Reserve’s decision about its Quantitative Easing Program (QE) will be the major fundamental impact that EUR/USD will be undergoing. All the currencies and commodities are highly volatile since the last two weeks amid speculation that US Central Bank is mulling over the exit or tapering off its QE program that was initiated in 2008. It was the most aggressive bonds buying policy in Fed’s 100year history that caused the US Dollar to weaken considerably over the past few years. Now if Fed decides to exit or even taper its QE policy, it will give rise to a highly Ismail Building, Flora Fountain, bullish trend in US Dollar Mumbai-400 001. Index which has already gone higher against its major rival Tel: 2204 6735, 2285 2512, currencies. Fax: 2204 4598. Gold traded low on Friday, Email: madulat.mumbai@yahoo.in as the dollar rose slightly, but was still on track for its sec-
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Afternoon Despatch & Courier
« BRAND SALE JAGDEEP KAPOOR is a Brand Guru and CMD of the successful Samsika Marketing Consultancy
Desi Khari, English Marie I
Ethnic Versus Western Segment
ndia is a very different country in terms of opportunities for marketing especially in the context of languages and the ethnic versus foreign factor. To understand India and its consumer behaviour and thereafter to build brands successfully is akin to tight rope walking balancing between the worlds foreign factors and India’s deep rooted ethnic feelings. Let us take the “Dip” category. Early in the morning many Indians like to dip a snack into their morning cup of tea and enjoy and relish the early experience. However, there is one segment which uses “Desi Khari”, to dip in your tea and equally enjoys like the other segment which like to dip in “English Marie” in their tea. A third segment which does both in different points in time. Clearly, there is the ethnic segment which enjoys the khari dips and there is the westernized foreign influence segment which enjoys the Marie Dips. Both these segments co-exist, but smart marketers must sensitively address these segments otherwise there could be confusion or wrong targeting. Britannia Marie Biscuits do extremely well and so do Monginis Khari Dips both addressing different segments – one ethnic and one Western In my opinion, there are three important steps which should be taken to ensure a brand succeeds in the context of there being western and ethnic segment. Firstly, it must be understood that brands are built in the minds and hearts of the consumers and therefore it is not only a word or a brand name that is consumed but also the entire meaning and essence of the brand name that is consumed. The second thing to be understood is that a particular product or service category and its roots are thought about and consumed. The significance of the product category also decides whether it is appropriate for the western or the ethnic segment. Infact many a time the source of the category and the way it is used is crucial in deciding a brand strategy. Thirdly, it is a combination of a suitable brand name and relevant product category coupled with a well thought out segmentation and positioning exercise which determines whether a brand would succeed or fail. It is my strong belief that the ethnic categories if addressed with ethnic sounding brand names and communication and brand personality would have a better probability of success. So also, it is my belief that westernized brand names would have a better probability of success if addressed to western segments. For example, Britannia cheese has a greater probability of success than Britannia Butter (Makhan) in the butter (Makhan category) it is Amul which would do better. Similarly in the chocolate category which is western Cadbury would do better than Amul chocolates. In the hair oil category Nihar, Parachute and Vatika would do better, but in the shampoo category which is western, Pantene, Head and Shoulders and Sunsilk would do better. Clinic which tried to appeal to both Shampoo (Western) and Hair Oil (Ethnic) segments lost out in the confusion even though both products are, used on the head but in the mind they are perceived differently. Clinic Shampoo does well. Not clinic oil. Thus in my opinion, one should be sensitive to ethnic versus western segments, in choice of branding and appropriate segmentation. After all, both Desi Khari and English Marie have large markets. Copyright © 2013, All rights reserved. Jagdeep Kapoor can be contacted at jk@samsika.com
‘Not Cutting Losses In Trading And Investing On Tips Will Lead To An End Of One’s Career On Stock Markets’
17
« SPOTLIGHT
On meeting Vijay Kedia Director Kedia Securities, one gets the impression of a man who has a most philosophical approach to the equity class. Kedia is a long term investor and prefers to buy majority holding in most of his stocks which may range from 1% to 5%. But what is even more astounding is his view towards the equities’ class. Kedia says, the “Market rewards you as per your perception about the market. If you treat it as gambling den, it will prove a gamble for you. If you treat it as a source of another investment avenue, it will treat you so. Remember, this is the hardest way of making easiest money.” Speaking about his approach, he reveals to Manik Kumar Malakar both his philosophical as well as hard-nosed side about investing in equities.
Your background? My company is 20 years old, but I had started taking interests in my family business of stocks right from my teens in Kolkata. I then moved to Mumbai from Kolkata in 1990 as a sub broker and started from scratch.
At what point had you given a thought to making a career in the stock markets? It was my family business for over a century. I had no choice but to join in. But, I had a strong passion for trading from since I was in school. I always wanted to make a career in the financial market. Tell us a little about your first trade? My first share itself earned me a huge profit. I made my first fortune in 1991/1992 when I identified ACC as a multi bagger.
How do you pick your trades? Do you use technical analysis, or do you employ fundamental data? I do not follow technicals in my investments and I do not follow fundamentals in trading. Both of these are different businesses and thus require different strategies.
How would you describe your methodology? I watch market movement very closely when I want to indulge into trading and then go by my gut feeling. Whereas in investment I follow general principals like judging management credibility, growth in the sector
“To be equitable, economic growth has to be sustainable. To be sustainable, economic growth has in turn to be all-inclusive. All-inclusive is no longer the greatest good of the greatest number. It is actually Sarvodaya or the rise of all. This Mahatma Gandhi saw as essential to Satyagraha itself.” —Sonia Gandhi, President INC
I
ndia’s socio-economic structure requires human capital centric approach for sustainable economic development. The diversely qualified work force must be optimally utilized to realize its potential which in turn is crucial for the overall growth and development of the economy. Priority sector lending is a commendable initiative of the government of India to strengthen the social banking & financial inclusion. It includes lending by the organised sector to those sectors that impact large sections of the population, the weaker sections and the sectors which are employment-intensive such as agriculture, and tiny and small enterprises. It envisages the involvement of scheduled commercial banks in the financing of priority sectors like agriculture, Small scale industries, weaker sector development, Education, Housing etc. The origin of priority sector prescriptions for banks in India can be traced to the Credit Policy for the year 196768, wherein it was emphasized that commercial banks should increase their involvement in the financing of priority sectors, viz., agriculture, exports and small-scale industries, as a matter of urgency. However, the description of the priority sector was formalized in 1972 on the basis of the report submitted by the Informal Study Group on Statistics relating to advances to the Priority Sectors constituted by Reserve Bank in May 1971.
What would make you wary about a trade? The moment it behaves in contrast to my expectations.
and speed of growth.
What appeals to you about trading? The short side or the long side? The Long Side... I cannot sustain my short positions for a long time. It is vice versa in long. I cannot book profit easily when I am long.
Do you have a scenario about how the current bull/ bear market will end? Where do you see the Indian markets five years down the road? I think we are in a very early phase of a bull market. The last bull market had a life of 5 years. I expect that a new bull market should also last not less than five years.
What differentiates you from other traders? I am also like the majority of them as my number of losing trades are more than profitable trades.
Of the tens of thousands of trades that you have done, which was your best trade? A Short position in the Nifty in 2008 was the recent best.
« MARKET WIZARD
What was the story there? In last quarter of Calendar 2008 the whole of the world’s markets had started collapsing, but the Indian market was rising. I found it abnormal and looked for an opportunity to sell.
VIJAY KEDIA What gives you that edge? My losses in losing trades are lesser than the gains that I make in winning trades.
Is there any applicable lesson to trading? Not cutting losses in trading and investing on tips will lead to an end of one’s career on the stock market.
How much of what you do is gut felt? A lot, but only after thorough research and knowledge. When you put money on a trade and it goes against you, how do you decide when you’re wrong?
If one’s trade is going into a loss it has by default been decided that one is wrong. I take my loss and make merry.
Any positions you ever lost sleep over? I always lose my sleep whenever I bring home my trading position in a loss.
Opportunities Galore For Banks SARVJIT SAMRA is Managing Director, Capital Local Area Bank
The government has initiated the revolutionary concept of social banking for operational flexibility and effectiveness. Priority sector lending is leading initiative to strengthen the social banking concept. This is essentially meant for an all round development of the economy as opposed to focusing only on the financial sector. The primary objectives of Priority Lending are: Focus on Rural and Semi Urban development. Channelization of resources towards areas of National Importance. Financial Inclusion: Inclusion of Poor in the Economic Activity and hence in Economic Development. Synchronization of Bank lending according to National Importance.
« GUEST COLUMN The nationalisation of the 14 major commercial banks in July 1969 led to a considerable reorientation of bank lending, especially to the priority sectors of the economy. One of the objectives of nationalization of 14 major commercial banks was to ensure that no viable productive endeavour should falter for lack of credit support, irrespective of whether the borrower was big or small. “No nation can aspire to greatness when large sections of its population are excluded from the benefits of national achievement and progress.”
“It is important that we include all members of society in the development process. For development – indeed, for globalization – to be sustainable, economic growth has to reach everyone. We cannot leave people behind.” —Robert B. Zoellick, World Bank President In country like India, it becomes all the more important when demographics and social structure makes inclusive growth a must. Adequate flow of credit to agriculture, micro, small and medium enterprises and the
export sector has been a policy thrust. Accordingly, strengthening credit delivery mechanisms for these sectors is a priority concern. By promoting growth with equity, Priority Sector lending initiatives have consistently striven to enhance the contribution of the financial system to meet the diverse needs of the large segment of the population at the lower strata of the society so as to bring them from the margin to the mainstream. The primary objective of credit delivery is enabling access to financial products and services from mainstream financial institutions to productive and needy sectors of the economy. This requires creating a conductive environment for banks provide adequate and timely finance at reasonable rates. There has been reluctance on the part of banks towards catering to the financial and banking needs of rural and under privileged due to the following reasons: 1. Low profitability: Banking all over the world has not been among the most profitable sectors and in India its even lesser. With high regulatory requirements, there is very little room for concessional and prioritized lending. 2. High NPAs: The large number and small value with forced relaxations on credit quality raises the risk of NPA in Priority Sector Lending 3. Quantitative targets: The concerns for achieving quan-
What makes a trader successful? What is Your success mantra? Never take trading as your side business. It is a full time business which needs a great amount of concentration and discipline. Balance your trading volume with your mental capacity. Do not take position which worries you mentally. Quit immediately when you are wrong. And sit for long when you are right. Any final words? Trading is a business of making easy money the hard way.
titative targets within stipulated time frame irrespective of assessed demand or potential have caused an erosion of the qualitative aspects of lending which effects on the viability of the lending institutions. 4. Transaction cost: Sanctioning and monitoring of large number of small advances is time consuming and manpower intensive, adding to the transaction cost. Despite these limitations, there is plenty of progress in the field of Priority Sector Lending. To augment the efforts and have far reaching results as well as eradication of bottlenecks faced by banks, several initiative have been taken from time to time such as setting up of Regional Rural Banks and Local Area Banks so that localized and focused efforts can be made to fast track economic activity by catering to the banking and financial needs of the under privileged in an effective and efficient to the most desirable sections of the society. Branch banking into unbanked areas and priority sector lending to target sectors have succeeded in the reduction of poverty in India and bringing about a uniform sectoral development particularly in rural areas to some extent. This creates a win-win situation as the Banks get the benefit of penetrating into newer markets which they otherwise might not focus on and the small and medium enterprises get adequate finance at affordable prices from mainstream banking institutions. We have the potential and systems in place to become world super power by channelizing our resources in productive avenues and bringing everyone in the mainstream economic activity for fast track economic growth of the country. There is plenty of opportunity to grow for the economy as a whole by increasing the Banking reach for the common man.
MUMBAI | MONDAY, JUNE 3, 2013
« STRAIGHT TALK ROOP KARNANI is a Senior Journalist, Author and Industry Analyst
Lessons From Dubai
D
uring my recent visit to Dubai about 2 weeks ago it was quite evident that just like many countries, including India, signs of recession are clearly there but not as severe as during my previous visit to Dubai 3 years ago, when it was in the grip of severe recession. At that time construction of most planned skyscrapers had come to a standstill and you could see half constructed tall buildings with overhead cranes not working.In fact, major construction giants including Emaar, the government owned company, and many others had sacked workers including top level executives. Although the Dubai Metro was started on schedule on 09/09/09, when I went in early 2010, only a few metro stations were operational, and many were still under construction. Even operational stations wore a deserted look and there were few passengers on the trains when I took a ride. This time however there was cautious optimism as most tall buildings have been completed, but metro rates have doubled and they have reduced the frequency of trains. As a result the metro is jampacked like Mumbai local trains, with hardly any breathing space. Food inflation is also dramatic but the only comforting factor is that petrol is available at 1.5 dirhams a litre or Rs. 22/litre (1 dirham = Rs. 15 approx). Despite this there was a flood of tourists, mainly from developed countries. There was so much of demand for tourist attractions like Burj Khalifa, the tallest building in the world that it was difficult to get tickets to go to the observation deck on the 124th storey of this 165 floor building. That too even though it was open from 9 am to 9 pm with half hour slots, and tickets as expensive as 130 AED (Dirhams), which roughly amounts to Rs. 2000 per head. It was difficult to get tickets even 15 days in advance and if you wanted a last minute ticket it officially costs 400 AED, but even then availability was not certain. I have been to Dubai 4 times in the last 10 years and each time I find there is a new tourist attraction. This time around there was a new cable car ride which was 2.5 km long, but unfortunately it was closed due to maintenance. Apart from that they were in process of constructing a 15 km long tramway, all along which there were street cafes like in Paris or Melbourne. Also the Atlantis Mall built around a huge aquarium inside has been one of the top tourist destinations for the last few years. Last time I went there, a good part of this aquarium, which has huge fishes, big and small, for which the entry was free and even the free portion of the aquarium was breathtaking. The entrance to the paid portion called the Lost City was around 60 AED. But now the ticket for the Lost City has increased to 100 AED and the portion for which entry was free, now has a ticket of 30 AED per head. Yet I saw large groups of Chinese tourists buying tickets and trooping in. In a span of just 20 minutes hundreds of people paid to see this marvel. Another tourist attraction they have added is a zoo, which is spread over 40 to 50 acres with Giraffes, Lions and wild animals from across the world. That’s not all - besides tourism, Dubai is building the Medicity and Knowledge City, where it has already invited universities like Cambridge to attract students from Asia, mainly India and China. Medicity plans to have the best healthcare facilities. The recovery though slow by Dubai standards, it has been much faster than in India.
18
Afternoon Despatch & Courier
Company
AABIRLANUVO ACC
ADANIENT
ADANIPORTS
ADANIPOWER ALBK
MUMBAI | MONDAY, JUNE 3, 2013
F&O SCRIPS WEEKLY SUPPORT AND RESISTANCE LEVELS FOR JUNE 3-7, 2013 Close
1064
PP
1073
S2
1022
1253
1273
1212
1192
152
154
160
166
148
142
119
128
138
87
90
57
116
217 57
184
APOLLOTYRE
90
90
24
24
ASHOKLEY
S1
1047
1232
213
183
ARVIND
R2
1124
1226
AMBUJACEM
ANDHRABANK
R1
1099
86
82
81
230
61
188
242
64
205
53
109
192
49
100
192
180
91
92
89
88
25
25
23
23
85
93 89
84
77
176 81
72
ASIANPAINT
4851
4853
4935
5017
4771
4688
AXISBANK
1436
1449
1499
1549
1399
1349
636
652
604
555
AUROPHARMA BAJAJ-AUTO
BANKBARODA BANKINDIA
172
1827 280
174
1831
1856
287
309
12484
12626
BHARATFORG
235
236
BHEL
200
BANKNIFTY BATAINDIA
BHARTIARTL BIOCON BPCL
749
331
1807 265
12200
246
256
226
201
209
217
193
378
380
385
390
407
417
447
477
303 271
CENTURYTEX
281
CHAMBLFERT
43
CIPLA
1881
167
13480
287
CESC
701
189
13053
811
CAIRN
CANBK
182
818 307
272
287
842 321 276
293
289
312
45
48
331
333
373
383
865
334
795 294
279
269
299
281
336
265
375
160
1782 243
11773 772
412
442
353
324
37
6571
6700
6313
6184
COLPAL
1462
1472
1510
1548
1433
1395
DABUR
157
157
160
162
155
153
DISHTV
65
66
69
71
64
61
CROMPGREAV DENABANK DIVISLAB DLF
DRREDDY EXIDEIND
FEDERALBNK
94
80
1029
959
936
2103
2108
2132
2157
2083
2059
451
452
458
464
447
441
137
137
139
142
134
24
20
138
309
GODREJIND
296
21
203
139 827
300
311
21
2914
HAVELLS
715
711
HDFC
884
900
HDFCBANK HDIL
HEROMOTOCO HEXAWARE HINDALCO
749
700
40
1733
81
103
HINDPETRO
283
HINDZINC
117
HINDUNILVR IBREALEST ICICIBANK IDBI
IDEA
876
333
2874
HCLTECH
142
315
GRASIM
60
222
59
23
322
758
946
993
733
1729
1853
106
351
734
708
285
926
3155
62
754
82
144
3035
746
44
242
56
86
113
64
762
90
121
123
127
1162
1179
1229
131
132
26
26
70
74
80
82
134
297
279
289
132 18
277
2794
2674
687
664
853
806
57
738
32
78
98
279
603
591
96
62
54
731
659
20
1480
75
90
272
587
114
109
1279
1128
1078
138
143
127
121
28
30
24
22
85 88
278
280
286
293
273
267
67
69
74
80
64
58
INDUSINDBK
52
517
52
521
54
534
56
547
137
70
IGL
INDIACEM
176
76
145
INDHOTEL
163
94
51
IDFC IFCI
150
163
728
1605
67
65
777
1977
118
599
137
684
299
595
183
758
292
597
74
91
1005
GAIL
GSPL
93
297
982
981
828
GMRINFRA
99
310
102
196
83
97
348
93
FINANTECH FRL
95
336
51
508
124
49
495
INFY
2419
2389
2481
2572
2297
2205
IOC
287
290
298
305
282
274
341
343
362
382
324
305
286
293
314
335
272
251
IOB IRB ITC
IVRCLINFRA JINDALSTEL
57
120
18
59
122 18
64
127 20
68
133 21
54
116 17
50
110 15
687
698
74
79
27
731
S1
S2
74
67
64
29
22
19
764
62 665
57
632
1085
1070
KTKBANK
134
138
149
160
126
115
1312
KOTAKBANK LICHSGFIN
784 258
787
264
811
282
834
301
764
246
1409
1429
1487
1545
1370
970
976
1027
1078
925
2433
2462
2551
2640
MRF
15003
15145
15571
NIFTY
6000
6041
6166
LT
LUPIN M&M
MARUTI
MCDOWELL-N
MCLEODRUSS NHPC
NMDC
744
1617 296 19
118
751
1631 299 20
118
771
1674
308 20
121
791
731
1717
1588
316
290
741
227 711 874
1546
2374
2285
15997
14719
14293
6290
5917
5793
21
123
19
116
281 18
113
Can’t get copies of the Afternoon Despatch & Courier in your area? Please contact Mr Chalke on 9920831512
ONGC
318
41
24
68
R2
71
1130
NTPC
326
23
66
R1
1115
357
348
69
1100
387
241
PP
70
1105
370 276
Close
JUBLFOOD
266
6442
323
JSWSTEEL
185
6485
326
JPPOWER
216
CNXIT
COALINDIA
JPASSOCIAT
281
341
52
Company
JISLJALEQS
OFSS
OPTOCIRCUI
155
2622
31
38
57
77
18
329
POWERGRID PUNJLLOYD RANBAXY
330
323
316 -2
292
220
196
184
188
200
211
177
165
114
113
115
117
112
110
43
45
52
41
141
737 56
378
RECLTD
222
RELIANCE
812
142
761 57
387
836
59 48
124
823
858 23
RELINFRA
363
372
RPOWER
69
22
61
117
239
335
910
444
227
328
147
416
298
109
21
144
281
107
RENUKA
344
268
275
RELCAPITAL
337
148
2600
244
RAYMOND RCOM
151
2689
PFC PTC
161
2667
236
PNB
158
2645
ORIENTBANK PETRONET
155
2637
358 399
139 687
54
358
137
612
52
37
330
315
264
251
214
202
893
789
754
24
21
381
425
102
313
345
247
94
290
318 20
71
78
84
65
2059
2083
2158
2232
2009
1935
SIEMENS
596
592
604
616
579
567
SRTRANSFIN
815
818
844
871
791
764
SUNPHARMA
1052
1042
1118
1194
965
889
SYNDIBANK
122
125
135
145
TATACOMM
208
SAIL
SBIN
SESAGOA SINTEX STER
SUNTV
TATACHEM
TATAGLOBAL
TATAMOTORS
TATAMTRDVR TATAPOWER TATASTEEL TCS
TECHM TITAN
UCOBANK
ULTRACEMCO UNIONBANK UNIPHOS UNITECH
VIJAYABANK VOLTAS WIPRO
YESBANK ZEEL
56
164
48
94
417
303 144
58
162 49
94
418
304
212
145
63
169 51
99
437
310
224
150
67
175 54
104
155
140
136
237
91
93
95
332
84
292
90
303
43
298
354
293
89
148
316
332
182
46
49
399
309
170
155
58
456
315 174
53
115
200
287
194
158
360
274
88
380
105 187
264
147
86
246
1490
1499
1525
1551
1473
1447
296
295
308
320
283
270
1889
1931
2057
2182
1805
1680
156
155
159
163
151
147
49
50
53
324
330
347
228
232
244
971
75
214
24
84
491
972 76
221
25 85
500
1001
80
240
27
86
530
1031 84
260
29 57
942 73
201
22
912
69
181 20
47
43
364
313
296
255
220
88
559
83
471
81
442 208
Intraweek Support and Resistance Levels Based on the “Pivotal Point” theory of Techincal Analysis PP Points indicate the level where the trend is likely to change during intra-week.
19
Afternoon Despatch & Courier
MUMBAI | MONDAY, JUNE 3, 2013
« EXPERT VIEW
“Now you are moving from investment slowdown to a consumption slowdown. It is getting reflected in this (weak consumption growth) and that really means that it is now getting into a retail slowdown where you will actually see a proper recessionary phase coming into the market so to say.” — Economist Haseeb Drabu said in an interview to CNBC-TV 18
« BROKERAGE RECOMMENDATIONS
PRABHUDAS LILLADHER CALLS A ‘BUY’ ON ABAN OFFSHORE
Market Slumps
NSE India : CNX Nifty — Daily Market Report for: Monday (June 03, 2013) By Dominic Rebello
REVIEW OF THE PREVIOUS DAY:
The Nifty fell substantially on Friday (May 31, 2013) a net 138.10 points (2.26%) and closed at the 5985 point level. The market opened down with a gap at the 6098 points level. It then rose by a few points and registered the day’s high at the 6106 points level at 9.16 a.m. The index then declined sharply into the red and turned into a range bound movement until 2.44 p.m. It then declined further and registered the day’s low at the 5975 points level at 3.17 p.m. and then turned into a range bound movement until closing at the day. The Nifty remained below its previous close throughout the session, moved in a range of 131 points and closed below the psychologically important 6000 points level. Sentiment was extremely bearish and amongst the 50 Nifty stocks 45 were losers, while just 5 stocks managed to close in the green. All the sectoral indices barring IT closed in the red. Heavy selling was seen in realty, oil & gas, banking and FMCG stocks.
TECHNICAL ANALYSIS: Volume: Volume (Qty shares) increased 3.41%. This change is small and indicates a moderate participation by investors. Market Breadth: Overall Market Breadth on the NSE was negative. Amongst all the traded stocks, 368 were gainers, 1051 were losers and 49 remained unchanged. Slow Stochastic Indicator: The Slow Stochastic Oscillator has declined in the neutral zone. The Slow K line in the Stochastic Oscillator has dropped below the slow D line (negative and a sell signal). RSI Indicator: The RSI is above the 40 level but is now declining (negative if it continues). MACD Indicator: The MACD is above zero but is now declining (negative if it continues). It is below its 9-day Average (negative). ADX Indicator & DI Lines: The +DI line is below the –DI line and both lines are diverging (negative if it continues). The ADX is falling while the Market Index is falling, which indicates that the present down trend is decreasing in strength. MOVING AVERAGES (TREND INDICATORS) The index: Has crossed below its 5-day average (at 6081) Negative. Has crossed below its 15-day average (at 6080) Negative. Has crossed below its 25-day average (at 6052) Negative. Is above its 200-day average (at 5776) Positive.
Overall Market Strength/Weakness: The indicators and oscillators discussed here are indicating a neutral market but with a negative bias. Support Levels: For short-term traders the immediate main support is at the 5942 points level. The next support is at the 5867 points level. Resistance Levels The immediate main resistance is at the 6223 points level. The next resistance is at the 6357 points level. Pivot Point Analysis: For intraday traders the support and resistance levels are calculated according to the pivot point theory and are: Pivot point = 6023 (This is the level where the trend is likely to change during intra-day). Support (1) = 5939. Support (2) = 5892. Resistance (1) = 6070. Resistance (2) = 6153. OUTLOOK FOR TODAY:
On Japanese candlestick patterns the index has formed a long black body candle on higher volumes. In fact yesterday’s candle is almost like a Black Marubozu candle. (A Black Marubozu forms when the open equals the high and the close equals the low). This is negative. Further, the index had crossed below the 5, 15 and 25 day’s moving averages in a single session. Moreover, the velocity parameters which were neutrally trended have now turned negative. All these indicate a negative bias and the possibility of a further decline unfolding. Investors are advised to avoid buying at present levels.
Work with strict stop losses on all positions
Disclaimer: Investment recommendations made in ‘ADC’ are for information purposes only and derived from sources that are deemed to be reliable but their accuracy and completeness are not guaranteed. ‘ADC’ or the analyst/writer does not accept any liability for the use of this column for the buying or selling of securities. Readers of this newspaper who buy or sell securities based on the information in this newspaper are solely responsible for their actions. ‘ADC’ and/or its affiliates and/or employees and/or the author, his company or his acquaintances may have interests/ positions, financial or otherwise in the securities mentioned in this newspaper.
CMP: Rs. 296 Target Rs. 378 Results in‐line: Aban’s Q4FY13 results were in line with expectations, with revenues at Rs 9.6bn, 19.5% YoY and 5.6% sequential growth. Margins stood at 52.4% as against 53.63% in Q3FY13 and 52.4% in Q4FY12. On account of lower ETR, PAT grew by 91.6% QoQ and declined 24.3% YoY. During the quarter, all vessels, with the exception of Tahara, were working. Fleet Status: In March 2013, Aban Ice and DDI went off-contract. Of these, DDI has already been re-contracted and will commence operations from July 2013 onwards. Aban Ice is currently being marketed. Further, Aban 7 completed its contract in the month of May 2013 and is also being marketed. New Contracts: DDII, IV & V, which were contracted in the Middle East and whose contracts were to expire in September 2012, have all been recontracted with the same parties. DDVII, whose contract ended in December 2012, got into another contract immediately in Mexico for a period of 1005 days at a healthy operating day rate of US$151K. DDI was also contracted at a healthy rate of US$158K for a period of 1115 days. Valuations: Aban currently trades at a PER of 6.9x FY14 and 5.2x FY14. Given the strong fleet status, whereby, the risk over the next couple of years is mitigated, we maintain our positive stance on the company and value it at 6x FY15 which translates to Rs 378.
SBICAP SECURITIES CALLS A ‘BUY’ ON ZYDUS WELLNESS
CMP: Rs. 596 Target Rs. 726 Zydus Wellness Ltd. (ZYWL), a subsidiary of Cadila Healthcare Ltd. is into manufacturing and marketing of niche wellness products, having plants at Ahmadabad and Sikkim. It offers wellness products, combines best of healthcare, nutrition and cosmeceuticals. All its products, viz., Sugar free, Nutralite, EverYuth and Actilife; cater to the evolving needs brought about by change in lifestyle and surge in chronic diseases. Being an early entrant, with launch of Sugar Free in 1988, it has successfully gained over 90% of the market share of an artificial sweetener. Over half of its revenues have been contributed by Sugar Free and EverYuth, we expect these two products continue to drive the revenues and Nutralite to provide some support to the overall margins as vegetable oil prices are cooling off. We initiate coverage with a target price of Rs. 726 and BUY rating. Investment Rationale: Leader in an artificial sweetener - Sugar Free to sweeten overall business: Over the years, Sugar Free brand has successfully captured 92% of the total market share of an artificial sweetener market. If we lightup the history, it was firstly launched in 1988 as an ethical drug and promoted through doctors for diabetic patients. Sugar Free product has very strong brand equity and it is always on the top of the buyers' mind when it comes to the sugar substitute. With launch of Sugar Free in 1988, it had made people aware about an artificial sweetener and created the demand for the product, in a way industry has been created and developed by the Zydus Wellness, in India. As on 31st December 2012, ZYWL is a market leader with more than 90% of the total market share. Of late, many MNCs and domestic companies have jumped in, to eat the fruits sown by the ZYWL, this has led to single digit growth in the last 3 quarters. To remain competitive, it has rolled out an aggressive ad campaign, roped in many big celebrities and extended its Sugar Free brand, viz., Sugar Free Gold, Sugar Free Natrura, Sugar Free Herbvia and Sugar Free D'lite. Sugar Free Gold is the highest selling product followed by Sugar Free Nutra and margins are also superior as compared to other extensions, due to lower input cost i.e. Aspartame. An artificial sweetener industry has a real growth - as sugar consumption is on rise, led to an increase in diabetes population in India: India is the world's biggest sugar consumer, with a population of 1.2 bn, consuming one-third more sugar than the EU and over 60% more than China, but still India’s per capita consumption of sugar is around 20.2 kg, below the global average of 24.8kg. Of late, we have witnessed the consumption of sugar in India is growing rapidly than the global average consumption. India's sugar consumption would be par with the global average consumption in next 3-4 years. Please send all business and corporate related mails to business@afternoondc.in
20
Afternoon Despatch & Courier
MUMBAI | MONDAY, JUNE 3, 2013
Multiple Claims Have To Be Proportionately Paid By Insurers MANOJ ASWANI
is VP at MyInsurance Club.com
« INSURANCE
I have two health insurance plans from two different companies. Now I want to understand that if there is a claim then how will I go about it? Should I claim with one company or split the claim between the two policies? Increasingly people are buying health plans from multiple insurers. Most of the salaried people already have an employer-provided health insurance cover. At the time of hospitalisation, it helps to inform all your insurers. Please remember - You cannot profit from a medical insurance plan by separately claiming the expenses from each insurance company. The claim has to be paid by the insurers in
I
By Manoj Aswani
NG Golden Years Retirement Plan is a Regular Payment Deferred Variable Annuity Plan. It is a Traditional Plan without Bonus facility. In this plan, payment can be made in a lumpsum under Single Premium Paying Option or for a limited tenure under Limited Premium Paying Option or throughout the Policy Tenure under Regular Premium Paying Option. The Vesting Date, from when the Annuity or the Pension would begin needs to be specified at the start of the plan. This date shall be the vesting date of the retirement plan and the period till the vesting date shall be the vesting term chosen. All premiums paid by policyholder, subject to the deduction of all applicable charges, will be transferred to an Individual Pension Account which earns an interest of: • Minimum Floor Rate Interest of 1% p.a. compounded for the entire vesting term. • Additional Interest Rate of 4% p.a. compounded for the first 5 years and 0.5% p.a. compounded for the remaining years. • Residual Addition of Interest from the end of the 5th policy year. There is Loyalty Benefit also available in this plan for total premiums paid for Rs. 4,80,000 or more, including Top Up Premiums such that the Allocation Charges collected throughout the Policy Tenure is credited to the Individual Pension Account, provided all due premiums are paid. On vesting, i.e. on completion of the Policy Tenure, there is an option to the policyholder to opt for Annuity from the entire corpus or withdraw 1/3rd of the same tax free and then opt for Annuity from the remaining 2/3rd. The annuity needs to be purchased at the prevailing Annuity Rates from ING Life. However, if the policyholder dies before the Vesting Date, the nominee will get the higher of 105% of gross premiums paid including top-up premiums till the date of death, Total premiums including top-up premiums compounded at 1% p.a. till the date of intimation of death or Balance in the Individual Pension Account + prorated interest from last policy anniversary till the date of intimation of death as Guaranteed Death Benefit and the policy terminates. If the policyholder dies after the vesting date, the Death Benefit would depend on the Annuity Option chosen.
the same proportion as their health cover. For example, if a policy holder has two policies — one for Rs 3 lakh and the other for Rs 2 lakh. Now - If he makes a claim of Rs 3 lakh, the first policy will pay 3/5th of the amount (Rs 1.8 lakh) while the second policy will pay the remaining 2/5th (Rs.1.2 lac). This is a contribution clause in health insurance whereby the expenses are shared by the insurers in the same proportion of the cover. Now once you’ve claimed the money from Company A by submitting all bills, they’re supposed to provide you a letter that shows how much is the total discharge this letter needs to be produced to Company B.
My wife is 30 years old and expected to deliver a baby after 4 months. Can a health insurance policy cover the maternity expenses? Since your wife has already conceived, you would not be able to take a Maternity Insurance Plan now. You can cover the cost of your pregnancy and deliver only if it is planned ahead since the waiting period is usually 36-48 months. 1. The only plan with a lesser waiting period of only 12 months is Oriental Insurance Universal Health Insurance Scheme. However they provide for only Rs 2500 for
normal deliveries and Rs 5000 for C-section deliveries. Since this is a very small amount for the huge maternity expenses, you need to venture out other options. There are quite a few Health Insurance Products which offer great Maternity Benefits. 2. Star Health Wedding Gift Insurance Policy, where along with delivery, even post-delivery complications for the mother and child, prenatal and post-natal expenses, foetus disorder tests, etc. are paid for. The waiting period for Maternity Benefit is 36 months, however it is reduced to 24 months if the policy is taken for a period of 4 years. This is a policy which is designed especially for women and a must for maternity care. 3. Max Bupa Heartbeat Insurance Plan, where 2 deliveries are covered. They also cover New Born Babies and First Year Vaccinations. The waiting period for Maternity Benefit is 24 months. Apollo Munich Easy Health Insurance Plan has a waiting period of 48 months. I need travel insurance for a vacation to Europe, need to cover my family. Please tell me a good travel insurance plan which will cover for our holiday abroad and cheap travel insurance and can be purchased online.
There are many overseas travel insurance plans that would meet your requirements. Tata AIG Travel Guard for Overseas Travel should be a good pick for your needs as it has good features and very competitive rates. It can surely be purchased online. The features of this policy are – Coverage of Medical Expenses Compensation for the loss of checked in baggage Compensation for Baggage delay Loss of Passport Personal Liability: Compensation for damages to be paid to a third party, resulting from death, bodily injury or damage to property; caused involuntarily by the insured Hijacking In-hospital Indemnity: Daily benefit for each day you are an inpatient in a hospital due to injury or sickness Reimbursement of additional expenses occurred due to trip delay Automatic-extension of the policy up to a period of 7 days Personal Accident Sickness Dental Relief
(The author is Vice President at www.MyInsuranceClub.com, insurance comparison website in India. You may write to him at manoj@myinsuranceclub.com).
« PRODUCT REVIEW: ING GOLDEN YEARS RETIREMENT PLAN
A Regular Payment Deferred Variable Annuity Plan
Key Features • This is a Deferred Annuity Plan without Bonus facility • All premiums in this plan including top-up premiums paid, net of charges are transferred to the Individual Pension Account which is then invested in the Capital Guaranteed Fund • The Individual Pension Account is guaranteed to grow at minimum 1% compounded per annum • There is an additional Interest Guarantee of 4% per annum compounding applicable on the Individual Pension Account during the first 5 policy years and 0.5% thereafter • The Individual Pension Account also receives a Residual Addition of interest from the end of the 5th Policy year onwards • In this plan, there is a flexibility in choosing retirement date – when the Pension payout will start • There is also a flexibility to alter the premium payment term in this plan • This plan offers Loyalty Benefit for total premiums of Rs 4,80,000 or more • In addition to Regular Premiums, the policyholder can choose to pay Top Up Premiums except in the last 2 policy years
BENEFITS Death Benefit If the Life Assured dies within the Policy Tenure, i.e. before Vesting, the nominee will get the higher of the following as Guaranteed Death Benefit: • 105% of gross premiums paid including top-up premiums till the date of death • Total premiums including top-up premiums compounded at 1% p.a. till the date of intimation of death • Balance in the Individual Pension Account + prorated interest from last policy anniversary till the date of intimation of death The nominee has the option to either withdraw the entire amount or purchase annuity at the then prevailing annuity rates. For Death Benefit after
Vesting, it depends on the Annuity Options chosen. Guaranteed Vesting Benefit The higher of Gross Premiums paid, including Top Up Premiums, compounded at 1% p.a. or the Balance in the Individual Pension Account, is the Guaranteed Vesting Benefit which can be utilized for the following Vesting Options: • Defer the Vesting date till the maximum Vesting Age of 75 years of age of the policyholder • Withdraw 1/3rd of the Guaranteed Vesting Benefit as Tax Free under section 10(10)A and then purchase Immediate Annuity from the remaining 2/3rd at the prevailing Annuity Eligibility
Min Single Premium 2,40,000 (in Rs.) Premium Payment Term (in years) Policy Term (in years)
Max
For PPT= 5-9 years, 48,000 For PPT= 10-42 years, 24,000
No Limit No Limit
Whole Life
For Vesting Term 10-42 years: PPT=Single Vesting Term/ For Vesting Term 10 years: Premium Paying PPT=Limited tenure of 5-9 years Term (in years) For Vesting Term 10-42 years: PPT=Limited tenure of 10-41 years or till the end under Regular Option Premium Payment Term (in years) Entry Age of Policyholder (in years) Age at Vesting (in years)
Payment modes
Single
42
18
65
45
75
Yearly & monthly
Rates from ING Life • Purchase Immediate Annuity from the entire Fund at the prevailing Annuity Rates from ING Life
Income Tax Benefit Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and 1/3rd of the Maturity Proceeds are tax free under section 10(10)A subject to fulfilment of terms and conditions. No Riders
Loan facility is not available
Top Up Premiums Top Up Premiums are allowed in this plan for an unlimited amount in the first 15 policy years and upto 5 times the Annualized Premium from the 16th year onwards. Top Up Premiums are not allowed in the last 2 policy years. Also, there is no flexibility of Top Up Premiums for Single Premium Plans.
Surrender the policy If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the Individual Pension Account net of any discontinuance charge, if at least 5 years’ premiums have not been paid, will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will earn a minimum guaranteed interest rate as applicable to the Discounted Pension Policy Account and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated Individual Pension Account will be payable to the nominee. If the policyholder surrenders the policy after completion of 5 policy years, then there is no Surrender/Discontinuance Charges and the Surrender Value is paid to the policy holder and the policy will terminate immediately.
© Courier Publications Private Limited. All rights reserved. Reproduction in any manner, electronic or otherwise, in whole or in part, without prior written permission is prohibited.
Afternoon Despatch & Courier
Kejriwal to contest against Sheila Dikshit NATION
www.afternoondc.in
All Pics: PTI
MUMBAI | MONDAY, JUNE 3, 2013
21
N
HOME, SWEET HOME… Weaver birds are busy in building their nest on a tree as their breeding season is round the corner at Karad in Maharashtra.
EW DELHI: Arvind Kejriwal on Sunday set the ball rolling for a direct electoral fight with Sheila Dikshit in the coming Delhi Assembly elections here choosing to contest from the constituency where the Delhi Chief Minister will file nomination. At a convention of Aam Aadmi Party (AAP) workers to decide from where he will contest in the November elections, Kejriwal also chose to attack BJP, saying the party fielded weak candidates against Dikshit in the previous polls and challenged Vijay Goel to contest against him and Dikshit. He said he wished to contest from New Delhi constituency and take on Dikshit directly in the electoral contest."If she decides to avoid such a contest in New Delhi constituency out of fear and move to another, I will also move to the seat from where she AAP convener Arvind Kejriwal along with party members in New Delhi on Sunday. is contesting," he said after the workers suggested that he fight against BJP as a party which can defeat Con- is hand in glove with Dikshit. Hence, only AAP can defeat Congress in gress. the Chief Minister. Alleging that BJP was playing "al- Delhi," he claimed. However, the final ratification of Asked by some party workers as to Kejriwal's candidature will come ready fixed" match with Congress in after a process, which includes col- Delhi, he said, "People have realised why Kejriwal was not contesting lecting 100 signatures from people in that BJP deliberately fields weak can- against Goel, party leader Kumar constituency and interviews with didates against the chief minister. Vishwas sarcastically said, "Bofors screening committee and Political This time, there are is a fight among are not used to kill mosquitoes". "Since the BJP has lost assembly its leaders on who will be their chief Affairs Committee of AAP. elections held in the past 15 years, its "Why have we chosen to take on ministerial candidate." "Only AAP can defeat Congress in name is already out of the political Dikshit? Delhi wants to get rid of Dikshit because she has become the Delhi in the coming assembly elec- scenario of Delhi. BJP is out of symbol of corruption," he alleged. tions. BJP and Congress indulged in Delhi's political scene. And AAP is Kejriwal said people no more see the match fixing in the last 15 years. BJP the new entrant," said Vishwas.
4 arrested for duping Muthoot Fin N
EW DELHI: Four youths were arrested here for allegedly duping a Kerala-headquartered private financial firm by claiming that its gold were robbed by unidentified men two days ago, police said on Sunday. The arrested included two employees of Muthoot Finance, reports PTI. The firm was duped of around 3.4 kg of gold worth around Rs 80 lakh. Police have recovered 2.6 kg of gold and Rs.10 lakh in cash. Sreejith (30), Assistant Manager with Muthoot, Girish Chand (38), an office boy, and their associates Amit Advani (30) and Sandeep Khatri were apprehended on Saturday a day after the alleged robbery incident was reported to police, DCP (Central district) Alok Kumar said. Girish had told police that two men had snatched the bag containing gold at gunpoint. "As per the version of Girish, Sreejith had gone to the branch with his bag and he was alone when the incident took place. "During probe, the version of complainant Girish was not found to be satisfactory. Primarily, on the point that soon after the incident of his bag being robbed which contained gold jewellery items worth about Rs 80 lakhs, instead of raising a hue and cry, he made a phone call to Sreejith and informed about the incident," Kumar said. Girish and Sreejith were followed closely and during sustained interrogation, Girish broke down and confessed about the conspiracy, he said.
Hand over Headley: India tells US N
EW DELHI: India has asked the US to ‘temporarily’ hand over LeT terrorist David Headley for a year and extradite his accomplice Tahawwur Hussain Rana to get more information about the conspiracy hatched to carry out Mumbai terror attacks. In its fresh efforts to get access to the Pakistani American terrorist, India has conveyed to the American interlocutors to ‘temporarily’ hand over Headley for a year after the US ex-
pressed its inability to extradite him. The request was made during the Indo-US Homeland Security Dialogue held in Washington between May 20-22. "The US interlocutors assured us to actively consider the request," a top Indian official, who participated in the meeting, told PTI. Washington also assured New Delhi to positively consider the request to extradite Headley's friend Rana, who helped Headley to recce the 26/11 targets.
Employees of Muthoot Finance and others arrested by Delhi Police with 2.6 kg of gold and Rs.10 lakh in cash (inset) at PHQ in New Delhi on Sunday. On Friday, Sreejith and Girish had gone to Lajpat Nagar to bring about 6 kg of gold ornament to their branch at East Park Road. "The entire gold items were kept in 58 sealed packets, which were further placed in 2 bags. In one bag carried by Srijeet, there were 46 packets with ornaments weighing about 2.6 kgs and the bag being carried by Girish had 12 pack-
ets with gold ornaments weighing about 3.4 kgs. This bag was allegedly robbed. "However, during investigation, it was found that Sreejith was in contact with Sandeep Khatri and soon after reaching East Park Road, near his branch, he called Sandeep who sent Amit and Girish handed him the bag and made a call of robbery," Kumar said.
RAINS HAVE ARRIVED… A family wears colorful raincoats during the drizzling in Kochi on Sunday.
22
SHERLOCK HOLMES: A GAME OF SHADOWS
TV GUIDE
TODAY’S BEST VIEWING
Sherlock Holmes (Robert Downey Jr.) and his longtime trusted associate, Doctor Watson (Jude Law), take on their arch-nemesis, Professor Moriarty (Jared Harris), with the help of Holmes’ older brother Mycroft Holmes (Stephen Fry) and a gypsy named Simza (Noomi Rapace). HBO, 9 p.m.
DO DIL EK JAAN
SOAPS & SERIALS
Do Dil Ek Jaan captures the travails of two lovers who are brought together by destiny but their journey is marred by testing ordeals. It is the story of lovers from conflicting backgrounds who strike a chord at first glance. The show is an engaging tale of love’s trials and tribulation. What has destiny got in store for Antara, a graceful Kashmiri girl and Raghu, a neighborhood bully from Mumbai? Li ke Ok, 9 p.m.
MADHUBALA… EK ISHQ EK JUNOON
In tonight’s episode, we will see, Sultan enters Madhu’s room while Siki informs RK about someone being Madhu’s room. When Madhu and Sultan and about to talk, RK reaches there. Now what will happen next? Colors, 8.30 p.m
SUMMERLAND
At the roommate’s annual summer luau party, relationships are started, rekindled and ended. Ava learns a terrible secret about why Johnny broke up with her years ago Susannah pretends to be involved with Jay to ward off advances from her exboyfriend ; and Nikki believes she must seduce Cameron in order to keep him interested in her and away from his ex-girlfriend. Big CBS Love, 10 p.m.
ONE TREE HILL
As Nathan, Rachel and Cooper’s lives remain precarious following the car accident, Brooke celebrates her 18th birthday but finds it diminished by her struggles with Peyton. Lucas and Karen come to terms with her pregnancy and with the pregnancy of someone close to Lucas, while Deb’s past addictions intersect with Haley in an explosive manner. Star Wor ld, 10 p.m.
WILD ASIA
Asia is one of the most beautiful and varied regions of the world and its forests hold many interesting creatures that have adapted in the face of adversity. WILD ASIA brings for its viewers Asia’s untamed wilderness and an intimate look at the amazing animals that call wild Asia home. From India to Indonesia to Japan, explore Asia’s sparkling shorelines, arid deserts and lush rainforests, unveiling the exotic mysteries hidden within this continent of contrasts. Anim al Plan et, 8 p.m.
FROZEN PLANET
Frozen Planet is the ultimate portrait of our earth’s polar regions, where the scale and beauty of the scenery and sheer
THE HULK
Do Dil Ek Jaan, Life Ok, 9 p.m.
power of the natural elements are unlike anywhere else on the planet. This landmark series brings to the screen the frozen wildernesses of the Arctic and Antarctic as you have never seen them before, and JUNE never see them again. A comprehensive record of the natural history of the polar regions, it brings attention on how climate change is affecting landforms such as glaciers, ice shelves and the extent of sea ice. Discover y, 8 p.m.
STORM CHASERS
Has one wondered why would someone risk his or her life to get up close and personal with a killer storm? Is it adrenaline? Or sheer curiosity? Join Extreme meteorologist Reed Timmer along with his team, as they chase Tornado and goes to any length to discover them. From studying weather data to extreme driving, they do it all. The aim is to chase a Tornado of any kind. Tune into the show and discover some jaw dropping experiences. Di scover y Science, 9 p.m.
SAATH NIBHANA SAATHIYA
Rashi’s twins Namkaran ceremony has been organised but lands up unsatisfying and unpleased Rashi. What did the eventful ceremony tumbledown Rashi’s day. Star Plus, 7 p.m .
EK VEER KI ARDAAS – VEERA
Ranvi has to be turbaned as the head of the family after Sampooran’s death and Nihal asks Veera to do it. Ratan doesn’t let Veera put pagdi on Ranvi. Everybody’s shocked. Sta r Pl us, 10.30 p.m.
MOVIES OF THE DAY
Bruce Banner is different from everyone else. While working on a new technology to accelerate the healing process in animals, he is exposed to gamma radiation. Instead of killing him, the radiation turns him into the Hulk, a mindless green behemoth. General Ross is tasked to contain the monster before it can endanger San Francisco. Star Mov ies, 9 p.m.
1920 EVIL RETURNS
The movie revolves around Jaidev Varma (Aftab Shivdasani), a famous poet who lives the life of a loner as he is unable to meet the love of his life.He stays with his sister Karuna (Vidya Malvade) who is his support system until he meets Smruti (Tia Bajpai), whom he finds near the lake under mysterious circumstances. Jaidev brings her home and takes care of her against the wishes of his sister, who doesn’t want Smruti to stay as she senses something wrong with her. During the course of time, Jaidev finds out that Smruti has lost her memory and does not remember anything from her past life except for his poems. Jaidev decides to take Smruti to Shimla to get her treated in a big hospital. On their way, while resting in a guest house, strange haunting sounds start to emanate. Smruti gets possessed by a spirit (Sagar Saikia)and goes out of control. Max, 9 p.m.
SULTANAT
Afternoon Despatch & Courier
Sultan is the only son of Mr. and Mrs.Razoulli and lives a comfortable life. Sultan has been taught all the skills needed for a warrior to defend himself and his tribe circa the Mughal rule in Asia. Sultan falls for Shehzadi Yasmeen, is captured by her troops, tortured, made to enter a death-race which he not only escapes from but also abducts Yasmeen. Eventually Yasmeen and Sultan do fall in love with each other. Than Razoulli is killed and his wife loses her senses, Sultan swears to avenge his father’s death, and comes to know that the person responsible is General Khalid. Sultan comes to know that Khalid’s son, Samir, and his fiancée, Zarina, are to arrive, and he decides to abduct them, though in vain. Khalid comes to know about this and decides to kill Sultan. What Khalid does not know is Sultan is none other than his son, who was abducted at a young age, and left
The Hulk, Star Movies, 9 p.m.
with Razoulli. But now it looks like the duel between father and son will only end when one is killed by the other. CVO, 9 p.m.
JO BOLE SO NIHAL
Nihaal Singh (Sunny Deol), an honest and immensely lovable constable, from Punjab. A chance encounter with Romeo (Kamaal Khan) changes his life forever. Romeo is an ambitious mercenary who moves from country to country spreading a chain of terror. He uses Nihaal Singh’s innocence to make his escape from the hands of the law. Fil my, 9 p.m .
BOA VS. PYTHON
After an overly ambitious businessman transports an 80-foot python to the United States, the beast escapes and starts to leave behind a trail of human victims. An FBI agent and a snake specialist come up with a plot to combat the creature by pitting it against a bioengineered, 70-foot boa constrictor. It’s two great snakes that snake great together! Pix, 11 p.m.
www.afternoondc.in
MUMBAI | MONDAY, JUNE 3, 2013
STAR PLUS
P.M. 2.00 Masterchief Kitchen Ke Superstar 2.30 Ek Veer Ki ArdaasVeera 3.00 Pyar Ka Dard Hai Meetha Meetha Pyara Pyara 3.30 Yeh Rishta Kya Kehlata Hai 4.00 Saraswatichandra 4.30 Diya Aur Bati Hum 5.00 Saath Nibhaana Saathiya 5.30 India’s Dancing Superstars 6.00 Ek Veer Ki ArdaasVeera 6.30 Ek Gahr Banaunga 7.00 Saath Nibhaana Saathiya 7.30 Saraswatichandra 8.00 Master Chef Kitchen Ke Superstar 8.30 Ek Hazaaron Mein Meri Behnaa Hai 9.00 Diya Aur Bati Hum. 9.30 Yeh Rishta Kya Kehlata Hain 10.00 Pyar Ka Dard Hai…. 10.30 Ek Veer Ki Ardaas – Veera 11.00 Saraswatichandra P.M. 2.00 3.00 4.00 4.30 5.00 6.00 7.00 8.00 8.30 9.00 10.00 11.00 P.M. 2.00 3.00 4.00 6.00 7.00 8.00
8.30 9.00 10.00 11.00 P.M. 7.00 8.00 8.30 9.00 10.00 11.00
ZEE TV
LISTING
P.M. 2.00 Aaj Ki Housewife HaiSab Jaanti Hai 2.30 Punarvivaah 3.00 Hitler Didi 3.30 Pavitra Rishta 4.00 Qubool Hai 4.30 Pavitra Rishta 6.00 Hitler Didi 6.30 Punarvivah 7.00 Aaj Ki Housewife 7.30 Sapne Suhane Ladakpan Ke 8.00 Rab SE Soha Isshq 8.30 Hitler Didi 9.00 Pavitra Rishta. 9.30 Qubool Hai 10.00 Connected Hum Tum 10.30 Punarvivah 11.00 Badalte Rishton Ki Dastaan
8.00 Ghar Aaja Pardesi 8.30 Jai Jai Jai Bajarangbali 9.00 Jhilmil Sitaron Ka Aangan Hoga. 9.30 Rishton Ke Bhawar Mein Uljhi Niyati 10.00 Piya Ka Ghar Pyaara Lage 10.30 Jai Jai Jai Bajarangbali. 11.00 Rishton Ke Bhawar Mein Uljhi Niyati
SAB TV
P.M. 2.00 Taarak 2.30 Hum Aapke Hain in Laws 3.00 F I R 4.00 Baal Veer 4.30 Malegon Ka Chintoo 5.00 Taarak Mehta
Man Woman Wild Body Bizarre Wildest India Man vs Wild Frozen Planet Magic of Science How Do They It Gold Rush Desire and Pleasure Decoded
DISCOVERY KIDS
P.M. 2.00 1001 Nights 3.00 Transformers Prime 4.30 Wild Kratts 5.00 Amazing Spiez 6.00 1001 Nights 7.00 Sally Bollywood 8.00 Adventure sof Tintin 9.00 Transformers Prime 10.30 Wild Kratts 11.00 1001 Nights
One Tree Hill Mad Men Modern Family Big Bang Theory Masterchef US One Tree Hill Grey’s Anatomy Modern Family Big Bang Theory Masterchef US One Tree Hill Mad Men
ZEE CAFÉ
Grey’s Anatomy The Mentalist Just for Laughs Grey’s Anatomy The Mentalist V America’s Funniest Home Videos American Dad The Mentalist Grey’s Anatomy Numb3rs
BIG CBS LOVE
Entertainment Tonight Rules of Engagement Game Australia’s NTM Summerland Excused
SONY TV
Veera, Star Plus, 10.30 p.m.
LIFE OK
P.M. 1.00 Devo Ke Dev Mahadev 2.00 Savitri 2.30 Best of Savadhaan India 7.30 Amrit Manthan 8.00 Devo Ke Dev Mahadev 8.30 Savitri 9.00 Do Dil…Ek Jaan 10.00 Kaisa Yeh Ishq HaiAjab Sa Risk Hai 10.30 Savadhan India P.M. 2.00 2.30 3.00 3.30 4.00 4.30
5.00 5.30 6.00 6.30 7.00 7.30 8.00 8.30 9.00 9.30 10.00 10.30 11.00
COLORS
Sasural Simar Ka Balika Vadhu Na Bole Tum… Madhubala…. Bani Ishq da Kalma Sanskaar…Dharohar Apnon Ki Na Bole Tum… Madhubala Balika Vadhu… Uttaran Bani – Ishq da Kalma Sasural Simar Ka Balika Vadhu Madhubala Sanskaar… Na Bole Tum… Uttaran Bani – Ishq da Kalma Balika Vadhu
SAHARA ONE
P.M 2.00 Jhilmil Sitaron Ka Aangan Hoga 2.30 Piya Ka Ghar Pyaara Lage 3.00 Gunhegar: Film. Mithun C 6.00 Ghar Aaja Pardesi 6.30 Jai Jai Jai Bajarangbali 7.00 Tujh Sang Preet Lagayee Sajna 7.30 Haunted Nights
7.30 8.00 8.30 9.00 9.30 10.00 10.30 11.00
P.M. 2.00 2.30 3.00 3.30 4.00 4.30 5.00 5.30 6.00 6.30 7.00 7.30 8.00 8.30 9.00 9.30 11.00
Madhubala, Colors, 8.30 p.m.
Jeanie Aur Juhu Baal Veer Taarak Chidiyaghar Jeanie Aur Juju Hum Aapke Hain In… FIR Taarak Mehta
ZEE MARATHI
Tu Tithe Mee Tuze Maze Jamena Mala Sasu Havi Radha Hi Bawri Fu Bai Fu Uncha Maza Zoka Tu tithe Mee Mala Sasu Havi Tuze Maze Jamena Home Minister Tu Tithe Mee Radha Hi Bawri Unch Maza Zoka Mala Saasu Havi Tuze Maze Jamena Fu Bai Fu Radha Hi Bawri
ANIMAL PLANET
P.M. 2.00 Marvellous Marven 3.00 Animal Planet’s A to Z 4.00 Animal Planet Showtime 5.00 Animal Planet Safari 6.00 Fooled By Nature 6.30 Planet Wild 7.00 Killer Bites 8.00 Wild Asia 9.00 Marvellous Marven 10.00 Animal Planet’s A To Z 11.00 TV with Teeth
DISCOVERY
P.M. 2.00 Wonders of the Universe 3.00 Frozen Planet
DOORDARSHAN
DDI (Main Channel)
News in Marathi Katha Sarita Runanubandha Tiwlya Bawlya Sapala Ek Rikam Gharat News in Marathi Thatta Nashibachi Sata Janmachi Punyai Krishi Varta AMAM News in Marathi. The News Samachar. Krishna Kali
MOVIE CHANNELS
STARMOVIES
P.M 12.30 Death Race 2.15 X Men 4.20 Pirates of the Caribbean: The Curse of the Black Pearl 7.00 Evan Almighty 9.00 The Hulk 11.30 The Hills Have Eyes A.M. 7.30 Contraband 9.50 The Front Row with Anupama Chopra 10.20 Evan Almighty P.M. 12.40 2.25 5.15 7.05 9:00
HBO
Paranormal Activity 3 Armageddon Horrible Bosses Mean Girls Sherlock Holmes: A Game of Shadows 11.35 One Man Army A.M. 7.45 The Change-Up 9.45 Horrible Bosses 11.30 Mean Girls
ZEE STUDIO
STAR WORLD
P.M. 2.00 Bharat Ka Veer Putra Maharana 2.30 Bade Acha Lagte Hai 3.00 Chhanchan 3.30 Crime Patrol 7.00 Bharat Ka Veer Putra Maharana 7.30 Dil Ke Nazar… 8.00 Anamika 8.30 Amita Ka Amit 9.00 Chanchhan 9.30 Nayi Umra Nayi Chunauti Par. 10.00 Bharat Ka Veer Putra Mahara 10.30 Bade Achhe Lagte Hai 11.00 Indian Idol Junior
P.M. 2.30 3.00 3.30 4.00 4.10 4.35 5.00 5.05 5.30 6.00 6.30 7.00 8.00 8.15 8.30
4.00 5.00 6.00 7.00 8.00 9.00 9.30 10.00 11.00
9.00 9.30 10.00 11.00
Pehchan, Astitva Ki Talaash Saraswatichandra Gora FERRARI KI SAWAARI: Film. Sharman Joshi, Boman Irani News in Hindi. News. Sports News Repoter’s Diary Samachar. The News. Rajyon Se Samachar. Metro Scan Business Wrap
HISTORY
P.M. 2.00 3.00 4.00 5.00 6.00 7.00
8.00 9.00 10.00 10.30
The Kennedys Top Shot Hostage Do or Die Modern Marvels Invention Intervention Last Woman Standing People In Motion The Kennedys Kings of Restoration Hostage Dor or Die
NAT GEOGRAPHIC
P.M. 2.00 3.00 3.30 4.00 5.00
6.00
7.00 8.00 9.00
11.00
Cold Blood Monkey Thieves Mad Scientists Dangerous Encounters Stuntmen of Bollywood Engineering Connections Caught in the Act Dangerous Encounters Ultimate Animal Countdown Taboo
Ferrari Ki Savaari, DDI, 11 p.m.
7.05 7.30 8.00 8.30 10.00 10.30 11.05
Khel Samachar Focus Samachar News in Hindi. Charcha Main Aankhon Dekhi Khel Samachar
P.M. 1.50 3.35 5.25 7.20 9:00 11.00 A.M. 7.45 9.30 11.20 P.M. 2.35 5.45 9.00 A.M. 8.00 11.10
P.M. 2.25 5.30 9.00 A.M. 7.00 10.50
P.M. 1.00 ICC Champions Trophy 2013 h/ls 3.00 Champions Ka Champion 4.00 Best of Bpl 2012 5.00 IC Champions Trophy 2013 h/ls 7.00 Best of Bpl 12/13 8.00 Sportscenter India 8.30 Champions Ka Champions 9.00 ICC Champions Trophy 13 h/ls
ZEE TALKIES
Dhadakebaaz Satya SAvitri Ani Satyawan Mahima Khadobacha Aree Deva
CARTOON NETWORK
P.M. 2.00 3.00 4.30 5.00 5.30 8.00
Tom and Jerry Tales Oggay and the Cockroaches Adventure Time Ben 10 Oggy and the Cockroaches Tom and Jerry Meets Sherlock Holmes 9.30 Ben 10 Ultimate Alien 10.00 Tom and Jerry Show 11.00 Adventure Time A.M. 8.00 Roll No 21 9.00 Obbochama-kun 9.30 Ben 10 Alien Swarm P.M. 1.00 4.00 5.00 6.30 8.00
POGO
Chhota Bheem Marathon Mr Bean Game Over Mighty Raju Chhota Bheem Marathon Taaru Maaru Hagemaru
PIX
Into The Blue 2: The Reef Aeon Flux Friends with Benefits
STAR GOLD
1920 Evil Returns, Max, 9 p.m.
Swarg Duplicate Jigar Kaleja
Farishtay Dil Hai Tumhaara
MAX
ZEE CINEMA
Hindustani Yodha Ab Ab Laut Chalen Nayak
Hari Darshan Bajirao : The Fighter
CVO
P.M. 2.00 Pyaar Ka Rishta: Prabhu Deva 5.30 Yehh Hai Muqaddar Ka Sikander: Chiranjeevi 9.00 Sultanat: Sunny Deol, Sridevi A.M. 9.30 Abhimaan: Amitabh, Jaya Bhaduri
FILMY
P.M. 12.00 Karmayogi: Raj Kumar, Reena Roy 3.00 Sherdil: Dharmendra, Kimi K 6.00 Apna Khoon: Ashok Kumar, Hema Malini 9.00 Jo Bole so Nihal: Sunny Deol, Kamal K A.M. 9.00 Rishi: Sarathkumar, Meena
B4U
P.M. 12.00 Beti No 1: Govinda, Rambha 4.00 Mrityudand: Ayub Khan,
All programmes on this page are as per the official schedules of the various channels. Afternoon is not responsible for any last minute changes.
P.M. 12.00 3.00 6.00 9.00
The Spy Next Door Friends With Benefits Into The Blue 2: The Reef Piranha Aeon Fluxk BOA Vs Python
P.M. 1.00 Sanam Bewafa: Salman Khan 5.00 Bhavani The Tiger: Balakrishna 9.00 1920 Evil Returns: Tia, Bajpai A.M. 7.00 Himmat: Tabu, Sunny D 10.00 Judge Mujrim: Sunil Shetty, Ashwini Bachchan
STAR CRICKET
P.M. 1.00 ICC Champions Trophy 2009 h/ls 2.30 Cricket Extra 3.00 ICC Champions Trophy 2013 11.00 Cricket Extra
ESPN
DDII (Metro Channel)
P.M. 2.00 2.30 3.00 3.30 4.00 4.30 5.30 6.05 6.30
SCIENCE
P.M. 2.00 When We Left Earth 3.00 Mysteries of Magic 4.00 Dark Matters: Twisted But True 4.50 The Detonators 5.40 Deconstructed 6.00 The Greatest Ever 7.00 Build It Bigger 8.00 Ultimate Guide 9.00 Storm Chasers 10.00 Ultimate Weapons 11.00 Frontier of Flight
P.M 1.00 The Life Aquatic With Steve Zissou 3.00 The Contractor 5.00 Surrogates 7.00 Cruel Intentions 3 9.00 Uninhabited 10.50 I Am Number Four A.M. 8.00 Uninhabited 9.50 King Arthur
Madhuri D 9.00 Tum Ho Sabse Haseen: Jai Akash, Nicole A.M. 8.00 Annadaata: Java Bhaduri
Bole So Nihal, Filmy, 9 p.m. 9.30 10.00 10.30 11.00 A.M. 8.00 8.30 9.00 10.00 11.00 P.M. 2.00 3.00 3.30 4.30 5.00 7.00 7.30 9.00 9.30 10.00 P.M. 2.00 4.30 5.00 5.30 6.00 6.30 7.00 8.00 8.30 9.00 9.30
Special Pokemon Takeshi;s Castle Sunaina MAD
Thomas and Friends Galli Galli Sim Sim Chhota Bheem Hagemaru Chhota Bheem
DISNEY CHANNEL Doraemon Hamtaro Phineas and Ferb Art Attack Doraemon Hamtaro Doraemon Slokk Best of Luck Nikki Doraemon
DISNEY XD
Kiteretsu Splatalot Super Robot Slugterra Iron Man Armored Adventures Spiderman Kiteretsu Ultimate Spiderman Hulk Iron Man Rescue Force
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Afternoon Despatch & Courier www.afternoondc.in
MUMBAI | MONDAY, JUNE 3, 2013 By Sandeep Hattangadi
What is the scenario of your show? The show explores the tranquil tale of blossoming love between two pious souls, Raghu and Antara, in ‘Do Dil Ek Jaan’. The show will capture the travails of two lovers who are brought together by destiny but their journey is marred by testing ordeals. I play Raghu and Nikita Sharma will essay the role of Antara in ‘Do Dil Ek Jaan’ that premiers on June 3 at 9 pm on Life OK. This is the story of lovers from conflicting backgrounds who strike a chord at first sight. Antara suffers from a personal loss and finds solace in Raghu, the ideal son to his godmother Daya maayi played by
Ayaz Ahmed, who has been a part of ‘MTV Roadies’ and shows like ‘Crime Patrol’ will be seen in a lead role in Life Ok’s new show ‘Do Dil Ek Jaan’. He is happy about being cast in a prime time show and he shared his thoughts with us in a brief telephonic chat. Here is what he has to say
we skied a lot and enjoyed the snow. This show is an engaging tale of love, longing and togetherness.
Are you open to reality shows or anchoring shows? Reality shows only as I am comfortable with the concept. But anchoring shows is just something up my street and something which I enjoy as I was also a RJ with a popular FM channel. What is the work that you are proud of? I am especially proud of ‘I Luv My India’ on SAB TV and ‘Gumrah’ on Channel V.
AYAZ AHMED’S ROMANTIC STINT IN
‘DO DIL EK JAAN’! Kamya Punjabi. Their blossoming love hits a roadblock in the form of a disapproving Daya maayi.
What has your journey been like till now? I am from Kolkata and have been in Mumbai for the last four years and have done a few major shows but this is my biggest break. How is it, working with your costars?
BRANDED PERFECTION
Aamir Khan can most certainly be called the Brand Badshah when it comes to endorsement deals. He has left the other Khans way behind in the brand world by reportedly charging a whopping Rs. 88 crore to endorse eight products across a wellknown group. But is Aamir doing justice to this deal? Well, apparently, the brand is quite unhappy about Aamir’s attitude and unprofessionalism! zoOm recently brought forth a few developments that are quite shocking. Getting associated with a big star like Aamir has made no difference in the brand’s sales or the brand’s fondness towards Aamir.
HISTORICAL CHARACTER
Ashwini Kalsekar, who we all remember for her formidable screen presence, has a penchant for playing roles of strong women all through her career! Especially remembered as the scheming aunt Jigyasa in Zee TV’s ‘Kasamh Se’ and the resilient Hirabai in Zee TV’s ‘Jhansi Ki Rani’, Ashwini is all set to step into the shoes of yet another strong woman in Indian history – Mahamanga in ‘Jodha Akbar’! Producer Ekta Kapoor, who is known for handpicking actors to play characters in her shows, has chosen Ashwini to play the role of Mahamanga – the woman who was second only to Akbar’s mother! History says that Mahamanga was a pivotal figure in Emperor Akbar’s life.
POST MARRIAGE RETURN
It’s been long since viewers have got a glimpse
TV TATTLE of the beautiful Kanchi Kaul, with TV shows and various advertisements to her credit; Kanchi is quite a known personality. Her marriage to the handsom hunk, Shabir Ahluwalia made headlines after which Kanchi took a break to enjoy her married life. However, making a comeback with Star Plus’ upcoming show, Meri Bhabhi, a thrilled Kanchi exclaims, “I couldn’t be happier, I love my profession.” She adds, “As actors we have a very busy life, so Shabir and I decided to travel extensively post marriage, this helped us know each other better and now I am ready to make a comeback.” Well, we wish Kanchi all the very best for her new show.
Nikita is a bundle of energy and a complete blabbermouth talking a dime to the dozen but we vibe well together and seniors like Faroque Shaikh, Kishori Shahane, Resham Tipnis, Kamya Punjabi are also a joy to work with. Saurabh Tewari, the producer too is a great guy.
How was your Kashmir shoot? It was wonderful and beautiful; we shot at some the splendid locales like Tulip Garden, Gulmarg where
wealth and property.
KIDDIE SHOW
Kids have geared up for Nick’s brand new comedy show ‘Pakdam Pakdai’. The channel continues to keep its promise of providing exceptional entertainment for Nicksters with the launch of its third home-grown show, ‘Pakdam Pakdai’ after the successful launch of ‘Motu Patlu’ and ‘Keymon Ache’. Kids can enjoy the Bollywood flavoured dialogues and the crazy characters from the show from Monday to Friday at 6:30 pm on Nick. With the launch of ‘Pakdam Pakdai’, Nick continues to keep its promise of providing exceptional entertainment for kids.”
CASTING CHARACTER
BRIDE OF HONOUR
Amrapali Dubey, who was last seen in the show ‘Palkon Ki Chaon Main’ will play the role of the serial bride in Color’s show ‘Shaitaan’. It’s her comeback on television after a long break. The story that will be showcased this weekend, June 2, portrays the journey of a girl, from her childhood trauma of physical abuse by her uncle which had such a psychological impact on her that she ended up having complete distrust and hatred towards men. The revulsion loathed to such an extent that she took revenge from as many men as she could by turning into a serial bride. Following this would be another episode of a female crime story, which will be telecast on Sunday, June 8 wherein a spoilt daughter kills her father who happened to disown her from his
Well known actress Sayantani Ghosh from the show ‘Nagin’ has been finalised to play the role of the very pretty Satyavati in Star Plus’ ‘Mahabharat’. After months of speculations on the star cast of the show, here is one name that has officially been finalised. “Yes, she will be playing Satyavati,” confirms a source from the show. There has been a lot of curiosity around this serial which will hit the small screen soon. We are sure that Sayantani will definitely make for a very pretty Satyavati.
Any thoughts about the big screen? No. Not now, certainly, as I am concentrating on this show and I need to fortify my career before venturing into films.
Any inspirations or role models? I like Aamir Khan a lot and his emphasis on perfection is what I want to imbibe. Ranbir Kapoor is also someone I idolise. We hope Ayaz’s love story is a happy one!
‘INDIAN IDOL JUNIOR’ SET TO THRILL!
S
ony Entertainment Television offers endowed youngsters the biggest platform to exhibit their talent and is all set to redefine your weekends by adding melody to it with the most dynamic singing reality show ‘Indian Idol Junior’, for the first time ever, starting June 1, 2013, every Sat-Sun 9 pm. Bringing alive its theme ‘Gaano Ka Wahi Jaadu, Ab Bachon Ki Aawaaz Mein’, the Junior Idols will recreate the aura of music in their own distinct style, vying for the title of the first ever ‘Indian Idol Junior’. This season will feature participants between the ages of 5–15 who are going to mesmerise the nation by lending their voice to just not one but, many tunes. Amidst great pomp and fanfare at the launch, hosts of the show--the charming Karan Wahi and the effervescent and elegant Mandira Bedi presented the
vivacious talent powerhouse Shreya Ghoshal along with ace music director duo Vishal Dadlani and Shekhar Ravjiani who enthralled the audience with their power packed performances. They also spoke about their journey in search of that one voice and how they traveled the length and breadth of the heartland to scout the best young singing talents that the country has to offer. N.P. Singh, COO Multi Screen Media said, “At Sony, we are constantly working towards creating new content to engage with our audiences. With ‘Indian Idol Junior’, we intend to bring the entire family together to create a wholesome viewing experience. It is a celebration of young singing talent across the country and is bound to increase the entertainment quotient of this season substantially”.
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RIGHT HERE, RIGHT NOW
Afternoon Despatch & Courier www.afternoondc.in
MUMBAI | MONDAY, JUNE 3 2013
Don’t pay for plastic bags without price tags J
ust about every shopkeeper even mall in Mumbai even across the nation has begun to ‘charge’ for plastic bags they provide to carry goods purchased. They even offer you a ‘choice’ to buy one and don’t quite force you into purchasing it, should you carry your own bag. What makes things worse is that, despite violating The Standards of Weights and Measures ACt, 1976 that clearly lays down the rule on goods having to sport a maximum retail price tag, they display notifications by the local civic authority - the BMC - justifying the act. While nations all over the world have been steadily winning the war against plastic, through niche legislation and advocacy, India seems to lack the seriousness! While permitting a surge of loopholes in the law, the campaign against plastic falls flat. In a seemingly-orchestrated attempt to vindicate the act, there are reports about how ‘charges’ levied on plastic bags have acted as a deterrent and reduced the consumption of plastic bags in India. The problem, however, is the openended implementation of rules that leaves consumers twiddling their thumbs and the retailers left to do as they please.
seeking an explanation from the Mumbai International Airport Limited for the high price of bottled water at airports. MIAL refused to answer stating that it was not a public authority and therefore doesn’t come under the ambit of the RTI Act. However, a Central Information Commission ruling on the case declared that MIAL, owing to its benefiting from public concessions such as the waiver of a substantial stamp duty and functions on land leased cheaply from the Airports Authority, should be held accountable under the RTI Act. Earlier this year, Indian Railway Catering and Tourism Corporation (IRCTC) was slapped with a fine of Rs 10 lakh by a consumer forum for selling soft drinks above the maximum retail price (MRP) to two customers. As in the two cases, most retailers are known to charge over and above the MRP printed on the products. Not having a price tag at all gives retailers a completely free hand in charging customers at will, irrespective of what the BMC notification reads.
IN 2011 the Environment ministry issued The Plastic Waste (Management and Handling) Rules, 2011 to check the use of plastic. These Rules included a section called ‘Explicit pricing of carry bags’. Accordingly, under this section, it was held that ‘no carry bags will be made available free of cost to the consumers by the retailers. The concerned municipal authority may determine the minimum price of the carry bags.’ Now, the Brihanmumbai Municipal Corporation (BMC), on its part, issued a notification to all shopkeepers – small and big, that read - As per Rule 10, of the Govt. of India, Ministry of Environment and Forest's Plastic Waste (Management and Handling) Rules, 2011, no carry bags shall be made available free of cost by Retailers to the Consumers. The notification also clearly stated that the retailer will display the size of the bag and their respective price at a prominent place for consumers to see. Also, according to this Rule, BMC gave guidelines and asked retailers to charge shoppers a minimum of Rs two for 8 inches x 12 inches bag, Rs four for 16 inches x 20 inches bag and Rs five for 20 inches x 25 inches bag and Rs six for more than 20 inches x 25 inches bag.
bags, shopkeepers all over Mumbai have gone into overdrive charging people at sweet will for plastic bags even providing ‘receipts’ for the same with aplomb. When countered, they are swift to quip back, ‘it’s a government rule’ and display a copy of the notification even a local retailer association’s letterhead directing them to charge as per ‘rule’. Customers are left without an answer when displayed the ‘rule’ and quietly pay up for plastic bags without any resistance. Fact is: When a plastic bag is charged for, it becomes a ‘good’ sold in shops; and, a 1972 Supreme Court order makes MRP applicable to retail goods.
Picture for representational puirposes only
Retailers ‘selling’ plastic bags without price tags violate The Standards of Weights and Measures Act and are liable for fine, even imprisonment. Resist, but by law, writes Gajanan Khergamker
INTERPRETING THE LAW GOVERNMENT RULE MAKES TO THEIR CONVENIENCE AFTER the BMC notification on imPLASTIC BAG CHARGEABLE plementation of charges on plastic
CHARGING MORE THAN MRP FETCHES FINE, JAIL LAST year, Pune-based Sanjay Shirodkar filed an RTI application
The next time, someone forces you to pay up for a plastic bag...do so, take a receipt and file a complaint with the Legal Metrology department and ensure that the retailer is fined by law
Picture for representational puirposes only
Also, The Standards of Weights and Measures Act, 1976, mandate that the price be printed on the package. According to Section 39 of the Act - No person shall— (a) make, manufacture, pack, sell, or cause to be packed or sold; or (b) distribute, deliver, or cause to be
Restaurants on Elephanta island have been regularly charged with MRP violations. The authorities tend to look the other way despite complaints of violations
distributed or delivered; or (c) offer, expose or possess for sale, any commodity in packaged form to which this Part applies unless such package bears thereon or a label securely attached thereto a definite, plain and conspicuous declaration, as prescribed, of – (i) the identity of the commodity in the package; (ii) the net quantity, in terms of the standard unit of weight or measure, or the commodity in the package; (iii) where the commodity is packaged or sold by number, the accurate number of the commodity contained in the package; (iv) the Unit sale price of the package; (v) the sale price of the package.” Section 50 of the Act reads - Whoever uses any weight or measure or makes any numeration otherwise than in accordance with the standards of weight or measure or the standards of numeration, as the case may be, established by or under this Act, shall be punished with imprisonment for a term which may extend to six months, or with fine which may extend to one thousand rupees, or with both, and, for the second or subsequent
offence, with imprisonment for a term which may extend to two years and also with fine. Accordingly, selling a plastic bag without an MRP displayed on it or without printed ‘the sale price’ is illegal and invites imprisonment for a term which may extend to six months or fine to the tune of Rs 1,000, or both. So, for a shopkeeper, mall or a retail store to sell a plastic bag without a printed price, even while providing a bill for the same, is violative of the law. While the BMC did their bit and issued a notification concerning the pricing of the plastic bags, the onus of ensuring retailers abide by the law and the government earns its rightful dues by way of tax from the from the sales of plastic bags lies on the Legal Metrology department. So, the next time, someone forces you to pay up for a plastic bag...do so, take a receipt and file a complaint with the Legal Metrology department and ensure that the retailer is fined by law. With inputs from Prerna Pandey
Readers keen on seeking help on drafting RTI applications may write in to rti@draftcraft.in or call Gajanan Khergamker on 022-22841593 for any assistance on RTI or to have their findings / issue featured on this page
UPA Govt Super Specialist in Scams Afternoon Despatch & Courier
NOTES FROM NEW DELHI
www.afternoondc.in
MUMBAI | MONDAY, JUNE 3, 2013
T
HE last ten years have been the most tragic time for Indian democracy. During this period scam after scam came to light scam whose names, the money involved and their dimensions could never have been imagined. The amazing thing was that poor farmer’s money, their water, their land and animals none escaped being looted. Sixtyfour years of Indian democracy and Parliamentary traditions were seen being torn to shreds in the last ten years. In fact, in these ten years, the essence of the system that is called governance was totally wiped out of existence. Let us take up the Coal Scam first. When Chauthi Duniya first disclosed that a massive coal scam of Rs. 26 lakh crores had taken place in the country, then maybe nobody believed it. This report published in Chauthi Duniya was not based on any estimate, but was based on a report of a Standing Committee of Parliament. Later on the CAG gave its report and disclosed how in the coal block allocations, a loss of Rs. 1.86 lakh crores had been incurred. The CAG raised direct questions against the UPA Government and stated that in the coal block allocations the Government did as it pleased and chose to do arbitrary allocations . The 2G spectrum scam is in itself a unique scam. What was sold and what was purchased, the common man is unable to under-
Shashi Shekhar stand this.This is a scam in which was aspersions were also cast on journalists. Corporate lobbyist Neera Radia played a major role in this whole episode and to get her work done, used many well known journalists. After the 2G spectrum scam, another scam was exposed. This was the S band spectrum scam. It happened in the most important public institution of the country, which comes directly under the responsibility and care of the Prime Minister, namely, ISRO – the Indian Space Research Organisation. According to an estimate, in this scam the Government suffered a loss of Rs.2 lakh crore. ISRO had made a deal or agreement to give S band spectrum at low prices to Devas multimedia.. Not only were rules ignored for this by ISRO, but the Prime Minister Office became suspect and came under the scanner. When the Bofors scandal had hit Indian politics, chaos had been created. In the continual scams that are taking place under the UPA Gov-
ernment, another scam is that of the Commonwealth Games (CWG). According to an estimate, this scam is of close to Rs. 80 thousand crores. In this scam, the CWG President and senior Congress leader Suresh Kalmadi and his colleagues came forward. Alongside, the connivance of the Congress Government of Delhi also came to light. Lalit Modi, who played a major role in establishing IPL not only lost his preeminent position but also now has to live outside the country. Investigations are still continuing even as the new IPL 6 scam has shocked the nation. The subject of black money being involved in the game has been a matter of much talk. The Kochi team ownership controversy deepened so that Union Minister Shashi Tharoor had to resign over this matter and his friend (now wife), Sunanda Pushkar also come under the scanner and was faced with lots of questions. Before IPL 6 broke, the scam amount in IPL was estimated at more than Rs.1,500 crore. The insensitivity of the Government is such that it did not hesitate to lay its hands on the money that should rightfully have been that of poor farmers. The result was the farmer’s loan waiver scam. The amount set aside for farmers loan waivers through an initiative by the present Congress Vice President and ‘successor’ Rahul Gandhi has also been gob-
bled up scamsters. According to the CAG report, tremendous irregularities have been found in the loan waiver scheme sum of Rs. 52 thousand crores. In Vidarbha in Maharashtra, where there is unprecedented drought, an irrigation project scam of crores of rupees has come to light. Known as the Maharashtra Irrigation Scam, it forced Deputy Chief Minister Ajit Pawar to tender his resignation. Obviously, this water was given to industries.Instead, the shameful thing is that Sharad Pawar’s nephew and the State Deputy Chief Minister Ajit Pawar made an offensive and objectionable comment on this issue by saying that if there is no water in the canal, should I urinate and take that water there? The UPA Government has also made a new record in scams in defence and security related matters. For instance, there is the NTRO (National Technical Research Organisation ) scam. The NTRO is a secret Government institution. Here too, in the purchases made of close to Rs. 1,000 crores, many irregularities came to light. In other words, this country’s security is dependent on brokers and middlemen. Nobody knows when this series of swindles, scams and scandals will end or whether it will ever end. There are many other shocking scams too like the thorium scam, the Reliance-KG basin scam, MGREGS and so on.
Expect the unexpected in next elections T
HE Karnataka election has again established the truth: that the people of India will not get and are not deluded by public campaigns. In fact, taking Narendra Modi, the media projected such an image all over the country that everybody was left gazing.The question is not why the Congress won or how it won there or that the people there believed that corruption in the Congress was good and that corruption in the BJP was bad. That the entire country wants to make him the Prime Minister is also not true. There are many other questions. In the Karnataka election, did the question of corruption evaporate like camphor? Did the people of Karnataka consider the Congress to be better than the BJP, or did Rahul Gandhi campaigning for the Congress bring it more votes? Actually, the answers to all these questions are known
an illegal agreement. Even though the time has now come to take a different decision, we are talking here of Modi and Rahul. . At the time of framing or formulating the Constitution it was clear in the minds of those who were founding the Constitution that we are bringing democracy and are making the country a Republic, so there should be peoSantosh Bharatiya ple’s representative in Parliament not only to the people of Kar- and not representatives of parnataka, but are also known to the ties. I did a study of the Republics of people of the entire country, yet we will still say that these leaders the world. The world’s first Rehad a nexus and ‘connived’ with public or democracy was the Licthe party system to compel the chavi Republic. In that Republic people to vote. This means that if there were representatives of the the people have an option or al- people but no representatives of ternative, then they can vote the parties. The Election Comagainst parties that fight on a mission stopped booth capturing party basis. In reality there is an partially, there are no two opinalternative and that is non-polit- ions on this, but instead of giving ical parties, but the political par- the country a Republican system ties have got together and given the Election Commission gave it the people a void agreement or a party system and devoted its
entire strength to nurturing it and is continuing to do so even today. That democracy which should have been supreme in this country, questions is now being raised about that democracy because of these political parties.In a democratic system, the person who is in a minority in this country, to whom the light of development does not reach or will not reach further on either, is there any work for them.. If the people of the country wants a constitutionally agreed system, then it will have to get out of the grip of political parties and will have to rebel against political parties and will have to put up candidates from its own midst and make them win so that they can go to the Lok Sabha and make laws in their interests. However, the decision this time will not be the same as it was in the fifteen general elections that have taken place up till now.
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DILLI KA BABU Aam Aurat next?
WITH crucial senior appointments due soon, the rumour mills in Dilli’s babu corridors are working overtime! According to the grapevine, women power is likely to assert itself this time. Last week this column reported that Sujatha Singh, ambassador to Germany, is strongly tipped by babuwatchers to be named the next Foreign Secretary, being next in seniority to the present incumbent Ranjan Mathai. If that indeed happens, Ms Singh will not be alone at the top. It is also rumoured that Sindhushree Khullar, who was given a two-year extension as Secretary of the Planning Commission barely two months ago, and is also overseeing the Direct Benefits Transfer scheme of the UPA government, may well be appointed India’s next Comptroller and Auditor General (CAG) after Vinod Rai retires at the end of the month. Meanwhile, a little bird tells us that Delhi is likely to get a woman police chief after Neeraj Kumar retires next month. The name of 1977 batch IPS officer Kanwaljit Deol is being mentioned as Kumar’s replacement.
Fresh trouble?
THE ongoing tussle between SEBI and the Sahara Group has shadowed a curious sideshow at the Supreme Court, involving SEBI’s chairman U.K. Sinha and a letter purportedly written by M Abraham, a Kerala-cadre IAS officer and member of SEBI to Prime Minister Manmohan Singh with reference to the appointment of Sinha as SEBI chief in 2011. According to sources, a PIL has been filed before the Supreme Court seeking removal of Sinha as SEBI chief due to alleged irregularities in his appointment. Among the names dragged in is that of Omita Paul, now Secretary to President Pranab Mukherjee, but who was advisor to the then Finance Minister. The Government has apparently opposed the PIL as “motivated”. What next? Going by the UPA Government’s recent troubles, we can expect anything!
Corruption stain
INCREASED corruption in the state administration is something that should worry Jammu and Kashmir Chief Minister Omar Abdullah. The State Vigilance Organisation (VO) is currently investigating around 170 cases of graft and possession of disproportionate assets by the State’s babus, including several senior bureaucrats. Sources say that though the Government has sanctioned prosecution in 210 cases since 2009, curiously, the conviction rate is almost nil! Only one bureaucrat, Adil Rashid Naqash, was dismissed last year for misappropriation of the public exchequer to the tune of Rs. 22 crores. Among those currently facing prosecution, according to a senior vigilance officer Javaid Koul, are a former Secretary, a former Special Secretary, a former Divisional Commissioner and one incumbent Deputy Commissioner all very senior officials. Clearly, a challenge for Omar Abdullah’s administration. — Dilip Cherian
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Afternoon Despatch & Courier
COFFEEBREAK
CRYPTIC CROSSWORD 564
ENIGMA CODE 564
ACROSS: 2 A girl who is tender to domestic animals (6-4) 7 It's hard to make the girl mix the ale (6) 8 Hold me back on the female front (7) 9 Relative dismissed, having taken it easy (7) 11 Why go wrong in the boat? (6) 12 Wraps I'd wear, for two pins (8) 14 Puts the chaps ashore since they're no sailors (8) 16 Goes to pieces and takes a holiday (6,2) 19 Blast! All because of a pirate! (35) 21 The boss gets one to ring the workroom (6) 22 Free kicks in dangerous positions (7) 23 Item for painter - there's more spare (7) 24 There's hesitation, after all I arranged, to build plant (6) 25 Assembly of silent boys apparently (10)
DOWN: 1 A breather taken under water (7) 2 Horn from a lank ox (6) 3 Society is better off without it (4) 4 First European pound due? There is some knocking! (8) 5 Skillful manoeuvre once used to discipline a pupil? (12) 6 Make the plunge and do this yourself (7) 10 Mixed drink made girl lean drunkenly (5,3,4) 13 Spills because of cut in the vessel (5)
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MUMBAI | MONDAY, JUNE 3, 2013
Each colour in our code represents a letter. When you have cracked the code you will be able to make up seven words. The clue to first word is given to help you get started.
Y Y
The Clue: Number system
Y Y
SOLUTION TO FRIDAY’S ENIGMA CODE BARREN, ARREAR, BARBER, BEARER, EARNER, NABBER, NEARER
Y Y Y
MATH PYRAMID 564 15 Causes surprise by disturbing soda and nuts (8) 17 Goes round to stare in confusion (7)
18 Admits or first the opposite (4,3) 20 A high line to take (6) 22 Those who lose control in rows may catch it (4)
SOLUTION TO FRIDAY’S CRYPTIC CROSSWORD ACROSS: 7 Cupid, 8 Altimeter, 9 Rowdy, 10 Machinery, 12 Waterproofs, 16 Zing, 17 Nines, 18 Enow, 19 Bond servant, 22 Chinatown, 24 Lolly, 25 Appetence, 26 Verse. DOWN: 1 Automatic, 2 Middle age, 3 Alfa, 4 Tight-fisted, 5 Jenny, 6 Derry, 11 Open-mouthed, 13 Owned, 14 Leave over, 15 Boundless, 20 Chaps, 21 Annex, 23 Wick.
QUICK CROSS 564
ACROSS: 1 Clef or drum (4) 5 To; by (4) 6 Checks (5) 8 Inferior wheat (5) 10 Dalal Street unit (5) 12 Type of mitt (4) 13 Garden intruder (4)
The goal of Math Pyramid is to fill the given pyramid with numbers such that the following three rules are satisfied. 1. A cell value must be sum or difference of the two cells below 2. A row cannot have duplicate numbers 3. A number cannot be less than 1 or more than the grid size
FRIDAY’S SOLUTION
FRIDAY’S SOLUTION
DOWN: 1 Tour vehicle (3) 2 Hill residents (4) 3 Stages (5) 4 In an unexplained manner (7) 7 Uncle Tom, e.g. (5) 9 Leopard's refuge (4) 11 Quash (3)
HIDATO 564
The goal of Hidato is to fill the grid with consecutive numbers that connect horizontally, vertically, or diagonally from first to the last number in the grid. The first and last numbers of a puzzle and a some other numbers are already filled in. FRIDAY’S SOLUTION
MATHDOKU 564
Place numbers into the puzzle cells in such a way that each row and column contains each of the digits from 1 up to the size of the puzzle (4,5 or 6). Like a Sudoku puzzle, no number is repeated in any row or column. Each bold-outlined group of cells contains a hint consisting of a number and one of the mathematical symbols + x - /. The number is the result of applying the mathematical operation represented by the symbol to the digits contained within the domain. The solution to each puzzle is arrived at logically and is unique. FRIDAY’S SOLUTION
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MUMBAI | MONDAY, JUNE 3, 2013
TIGER BUD BLAKE
WIZARD OF ID PARKER & HART
B.C. JOHNNY HART
BEAU PEEP THE ADVENTURES OF LEGIONNAIRE BEAU PEEP
FRED BASSET ALEX GRAHAM
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COFFEEBREAK MOON: Pisces TITHI: 10th Vaishakh Krishnapaksha NAKSHATRA: Uttarabhadrapad RASHI: Meen [Pisces] D.Ch.Z. LUCKY COLOUR: Purple LUCKY NUMBER: 3 BIRTHDAY FORECAST: You have a progressive period ahead. You will get various opportunities to improve your financial position and you will accomplish your objectives with relative ease. You will receive co-operation from others that makes your task much easier. Personal affairs run smoothly. Youngsters have an exciting romance with someone they meet at their place of work. BABIES BORN TODAY: Will be plump, goodlooking and magnetically beautiful eyes. Will be cordial, respectful and adaptable. After basic education, an interest in a wide range of subjects and a knack of putting across ideas in a convincing manner leads to many opportunities. A career in marketing or academics will lead to gains. Will also be interested in fine arts.
TODAY’S FORECAST Jagjit Uppal
ARIES (March 21 - April 20): Work proceeds at a brisk pace. Some of you are likely to travel overseas on sales promotion or for some training program. Business people will sign new contracts on lucrative terms. Students will have to work hard to make the grade. After a busy schedule at work, you will be relaxing in the evening with friends.
TAURUS (April 21 - May 20): There are positive signs of improvement in your work. But actual benefits will increase later. Until then be patient. Do not act in haste. Try to cultivate friendship of those who can help you in your career. You share a beautiful relationship with your mate or beloved; don’t let an outsider disturb the harmony of your alliance.
GEMINI (May 21 - June 20): Keep a low profile and take no chances. Any hasty moves, or impulsive investments, have resulted in serious setbacks, which you are rather familiar with. In fact, if any deal is showing profit, cash it at once. Consider carefully new work offers that will be rather lucrative. During the course of your work you could get drawn to a person who is not good for you. It is perhaps just an infatuation and will pass even before you even know it happened.
CANCER (June 21 - July 21): You will be in a positive and aggressive frame of mind. Completing reports, preparing for meeting or seminar or exhibition, sale and purchase, are some of the activities of the day. At a get-together this evening you may be in a flirtatious mood. You could harm an important relationship quite innocently.
LEO (July 22 - August 21): Keep yourself occupied with routine work activities for you will benefit through your current job or enterprise. Home and family life is happy and an elder or a parent who was not keeping good health will now recover. The married will share perfect understanding and manage to steal a few moments together despite an extremely crowded schedule. VIRGO (August 22 - September 21): You will now receive news of a good compensation in the form of promotion, increase in income and sincere respect from others. Business folk will expand their enterprise upon receiving a large contract from an overseas organization. There could be some news of a legacy or inheritance coming your way.
LIBRA (September 22 - October 22): Refrain from criticizing what others do to avoid dangerous flare up of tempers. Don't feel sorry if things go wrong. Keep opinions to yourself and avoid discussing them with anyone. This is an adverse day for risky undertakings. At home too .you will have to be careful.
PHANTOM LEE FALK
SCORPIO (October 23 - November 21): A very exciting day lies ahead for you. There will be opportunities for you to better your prospects at work. Meetings scheduled for today will lead to gains in the near future. Socially too there will be a good chance for you to become member or be accepted at a prestigious forum or association.
SAGITTARIUS (November 22 - December 20): The successful completion of this project could pave the way for a raise and recognition. Make the most of the good trends present in your work. You will get an opportunity to work on a prestigious project independently. Since time seems to be the only thing that you don’t have, your mate or beloved may need some pacifying.
MODESTY BLAISE PETER O’DONNELL
CAPRICORN (December 21 - January 19): Any problems that you encounter will be overcome easily. Unexpected monetary gains are indicated from sources that you least expected. You will have to attend to estate matters on behalf of your family. You will be happy to meet a gracious and enlightened person today.
AQUARIUS (January 20 - February 18): New responsibilities at work keep you busy. You may be worried about meeting deadlines. Some of you could face some opposition at work. Exercise restraint and avoid confrontation at all cost right now. Avoid hasty decisions. Perhaps you are pushing too hard. Relax and try to unwind.
PISCES (February 19 - March 20): Take care not to be a victim of false information. Listening to gossip could have repercussions on the way you respond to the views of those that matter in your work set up. A windfall is also on the cards for you. On the domestic front, a family celebration is fun but hectic and has you weary at the end of the day.
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COFFEEBREAK
QUICK CROSSWORD 4678
ACROSS: 4 Alexander Dumas wrote 'The Count of Monte ___ ' (6) 7 Illegal (8) 8 Waning (6) 10 Uplift spiritually (5) 13 Cripple or injure so that a limb cannot be used (4) 14 Able was I, ___ __ saw Elba? (3,1) 15 ___ Lewis : famous American athlete? (4) 16 Mythical monster (3) 17 American Govt. agent (4) 19 ___ facts : unembellished truth? (4) 21 New state carved out of Bihar (9) 23 Branch of learning, in short (4) 24 Apple's music player (4) 26 Minor falsehood (3) 27 Famous Sicilian volcano (4) 29 Long fish (4) 32 Employed (4) 33 German industrial city (5) 34 Gautam ___ : the famous prophet? (6) 35 A list of cargo (8) 36 Says or avers (6)
DOWN: 1 Monetary unit of Pakistan (5) 2 Song of the past (5) 3 Swing to and fro (4) 4 Not cloudy; able to see easily (5) 5 Weapon in a silo, for short (4) 6 Right to keep job (6) 9 Seaport in N Spain (6) 11 ___ humour : sarcasm or irony? (3) 12 Boxing match (5) 13 Human beings collectively (7) 15 Form of mechanical transport (3) 16 Fort near Monterey (3)
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MUMBAI | MONDAY, JUNE 3, 2013
SUDOKU 1864 Sudoku is a number placing puzzle based on a 9x9 grid such several given numbers.To solve a Sudoku puzzle, every digit from 1 to 9 must appear in each of the nine vertical columns, in each of the nine horizontal rows and in each of the nine boxes.
SATURDAY’S SOLUTION
Difficulty Level
CRYPTOQUIP
Today’s clue: N equals U
The Cryptoquip is a substitution cipher in which one letter stands for another.
18 Mr. Bhupathi of Indian tennis (6) 20 S American mountain range (5) 21 Punch or poke roughly (3) 22 High Power Amplifier (3) 23 Old dance (6) 25 It follows ka in the Spanish
alphabet (3) 28 Sports groups (5) 30 English county (5) 31 Scythe handle (5) 32 Playback singer ___ Narayan (4) 33 Extremely wicked (4)
SOLUTION TO SATURDAY’S QUICK CROSSWORD ACROSS: 1. Ellora, 5 Ask, 8 Alex, 9 Upon, 10 Winona, 11 Adulthood, 13 Rust, 15 Dde, 16 Motif, 17 Local, 20 Tam, 22 Von, 23 Tenby, 24 Sonam, 26 Hit, 27 Leer, 28 Karakoram, 31 Totals, 32 Scum, 33 Knew, 34 Ias, 35 Snakes. DOWN: 1 Edward, 2 Linesman, 3 Rana, 4 Aladdin, 5 Axile, 6 Kush, 7 Donovan, 12 UDF, 14 Tomb, 18 Oval, 19 Comeback, 20 Tenancy, 21 Rotates, 24 Sir, 25 Crisps, 26 Hooks, 29 Azmi, 30 Mown.
IRREGULAR SUDOKU 1683 To solve an Irregular Sudoku puzzle, every digit must appear once in: Each of the vertical columns Each of the horizontal rows Each of the regions
Afternoon Despatch & Courier
SATURDAY’S SOLUTION
E W
Z U N C
E B G D E C S L C S J H L U
U A Q S C G
H U C S ,
H U C S
H U C S ,
J T A E U B G
J B L
Z U N
A U
K S J C B
H U C S ,
P S T U H S
J C S
J
K S J L S C .
SATURDAY’S SOLUTION: We should not let our fears hold us back from pursuing our hopes.
Afternoon WORD MINE
E
R
T
W U I
N
N
T
How many words of four or more letters can you make from the letters shown in today’s puzzle? In making a word, each letter may be used once only. Each word must contain the letter at the top of the pyramid. There should be at least one nine letter word. Plurals, foreign words and proper names are not allowed. Today’s ratings: 11 average; 13 good; 15 outstanding. YESTERDAY’S SOLUTION: ammeter, mare, mart, mast, master, mate, mater, meat, meet, mere, mete, meter, ream, reamer, rearm, same, seam, seem, smart, smear, stammer, STAMMERER, steam, steamer, stem, stream, streamer, tame, tamer, team, teem, term, tram
HEATHCLIFF
Saturday’s
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MUMBAI | MONDAY, JUNE 3, 2013
Bhajji’s advice helped me make India comeback: Sandeep Singh N
EW DELHI: Back in the side after London Olympics last year, star drag flicker Sandeep Singh has credited his friend and Indian cricketer Harbhajan Singh for helping him come out of the bad phase that sidelined him from the national squad for nine months. Sandeep returned to the national-fold for the upcoming FIH World League Round 3 (semifinals) to be played in the Netherlands after being dropped from the Asian Champions trophy, Champions trophy, Azlan Shah cup and World League Rd 2 played earlier this year. “Last few months were tough for me and I was stressed. I spoke to Bhajji who is a good friend. He told me not to give up hard work and spend quality time with family. I did the same and despite not being a part of final team I took part in every camp. I was confident that my hard work will come good for me,” Sandeep told PTI in an interview. Sandeep was out of favour after London Olympics due to slump in form but his performance in the inaugural Hockey India League, where he emerged as the top scorer with 11 goals in 12 matches, put him in reckoning for a national call-up. The 27-year-old had a good out-
Arjit shocks top seed Amit; double for Vallari, Deep SPORTS
Afternoon Despatch & Courier
29
M ing in last month’s Dutch tour as well. Though he went through highs and lows in his career after a terrible Olympics campaign, he said he did not lose his self-belief. “When I had an accident in 2006, no one believed that I will return to the ground but I did. This time also I was out of the team for long but I was confident of making a comeback,” he said. Sandeep was seriously injured after being hit by an accidental gunshot in Shatabadi train in 2006 while on his way to join the national team ahead of the Germany World Cup. He was almost paralysed and wheelchaired for two years. The gritty fullback however not only recovered from that career threatening injury, but also reestablished himself in the team.
UMBAI; Lanky Arjit Bose blended aggression and caution to outwit and outhit top seeded Amit Kshatriya 2118, 13-21, 21-15 in an hour long battle of attrition to bag the men’s singles title in the MCF Silver Jubilee Open Badminton tournament, held at Mandpeshwar Civic Federation courts at Borivali today. t was a day when Amit, who usually likes to be aggressive, was at the receiving end as Arjit attacked right from the first game, which he led right through to win at 21-18. However, as the players switched sides, their fortunes too turned around as Amit wisely sprayed his shot to the far corners and his deceptive netplay too was quite effective as he took the tie to the decider. With India No.1 junior Harsheel Dani, egging him from the sidelines, Arjit relentlessly attacked. He punctuated his shots with effective crosscourt drop shots to clinch the tie. Sharing the final day’s honours with Arjit, were Thane’s Vallari Bukane, who defeated junior Kalpita Sawant 21-15, 21-13 and Mumbai Suburbs Deep Rambhia,
CHAMPIONS ALL: All the champions pose with their trophies pose alongside chief guest MCF president Dr. Ramnath Aiyar (centre), Vishvajeet Bhatnagar (MSDBA secretary) and other MCF officials. who had to fight all the way before he got the better of Kolhapur’s Nikhil Wadekar 21-12, 19-21, 2110. Incidentally, both Vallari, who
has been coached by Shrikant Vad and Deep ended with a double each, winning the women’s and boys doubles finals as well.
Fit-again Saina looks to retain Two Georgian GMs surge ahead of the pack titles in Thailand, Indonesia M By Amit Kumar Das
in house when I was injured. It was quite painful that I was not able to EW DELHI: Ace Indian shuttler participate in Sudirman cup. But Saina Nehwal today said she ex- past is past. Moving ahead, I have pects nothing but defence of her titles fully recovered from injury,” Saina in Thailand and Indonesia as she re- told PTI in an email interview. The girl from Hyderabad had won turns to action post a freak toe injury. It will be a busy month for the the Thailand Grand Prix Gold and young Hyderabadi as she will fea- Indonesia Open last year and said ture in an event in Singapore after she will look to repeat her performplaying in Thailand and Indonesia. ance in the back-to-back tournaThe world number 2 Indian was ments this month once again. “I had good practice sessions for forced to skip the Sudirman Cup after aggravating a toe injury during the these upcoming three tournaments. India Open in April. She had suffered I want that I should repeat my last a hairline fracture on the small toe of year’s performance. Let see how best I do in these tournaments,” the her left foot before the home event. “It was an inadvertent happening 23-year-old said.
N
Torgalkar does the star turn for Rebuilt M
UMBAI: Mercurial Omkar Torgalkar despite not being a regular on the table tennis circuit of late, showed glimpses of his double flank attacking strokeplay as he together with Martand Biniwala took Re-Built (Kurla) into the premier division final of the MSDTTA Inter-Club League , sponsored and hosted by Khar Gymkhana here today. ReBuilt, a new entrant in the league, scored an upset 3-2 win over last year’s finalists Santacruz Gymkhana. For the losers, the only bright spot was the performance of Nishad Shah, who won both his singles. However, he had tough time beating first Martand Biniwala and later Omkar with both the ties going to the wire, as otherwise Re-Built routed their other section B rivals with ease. They take on star-studded and defending champions Andheri YMCA, who have India No.2 Sanil Shetty, Aman Balgu, Noel Pinto in their ranks.
UMBAI: Indian players failed to make an impact and found themselves in the bottom half of the group, even as top seed, GM Mchedlishvili Mikheil (ELO 2654) and GM Pentasulaia Levan (ELO 2563), both from Georgia, scored convincing wins to surge ahead of
MAKING HIS MOVE: GM Levan (left) in action against GM P Davi.
By Anant Bhagwat
J
the pack and into joint lead with 5.5 points after 6 rounds in the Rs 21.5 lakh prize money 6th Mumbai Mayor International Chess Tournament 2013, hosted by The National Sports Club of India and co-sponsored by LIC of India, being played in the indoor stadium of National
M Shah, one of the finest players in the country, has brought off many difficult contracts & been defeated too. He has always been a scribe’s delight. Watch him execute this troublesome contract in the C C I tournament. S- 9 8 H- K 10 6 4 D- A 2 C- 7 6 4 3 2
Sports Club of India, here, on Sunday. The top seed M Mikheil, playing white against GM Babujian Levon (ELO 2488) of Armenia opted for Grunfeld Defense. With regular exchange of the pieces the game entered in the endgame phase with Mikheil having a Knight vs Bishop and also the passed pawn in the A file. Thus Mikheil won the game in 57 moves. Playing with white pieces, GM Pentasulaia Levan started the game with Reti opening, which gradually converted in the Kings Indian Defense against GM Petrosian Davit (ELO 2436). The play went smoothly till Davit made a blunder in the 29th move by making the Bishop’s move and lost his Knight. He resigned the game at the same instant.
Solicit the help of the opponents
M planned to enlist the kelp of the opponents. J M cashed the King of diamonds & west discarded a club. Now the entire hand was tion was wild & the contract could be in counted. East was 4-6-3. He had 1 heart danger. West continued with club King, on left. So J M went to dummy with the heart which east discarded another heart. J M King & played a small heart. East was ruffed. Since east was short in clubs he was caught on the horns of a dilemma. If he likely to be long in trumps & therefore fig- ruffed it will be declarer’s loser so he disS- A K J 7 5 ured to hold the trump Queen. J M played carded a diamond. Now J M cashed the H- A 8 3 a small diamond to dummy’s Ace & played Queen of diamonds & threw east in with a D- K Q 6 3 a spade to his Jack, which won the trick. J diamond. He had 2 spades & 2 diamonds C- Q J M Shah was south. He dealt & opened 1 M cashed the Ace of spades on which west left. East played another diamond & J M club which was strong. Mrs. Hema Deora dropped the 10. This was obviously a true threw his heart loser on it. Now east was was north. She bid 1 diamond & finally J M card so east had 4 carded the spade Queen. forced to play spade into declarer’s King & reached 4 spades. West led the club Ace & J M was in danger of losing 1 trick in each 7 & the defenders’ trump trick vanished. A trump coup with shades of the stepeast startled J M by discarding a small suit unless the heart Queen & Jack were heart. This was terrible news. The distribu- doubleton. Discarding such naive notion J ping stone squeeze.
BRIDGE
30
SPORTS
IN BRIEF Abhijeet Gupta held to a draw in the Grand Europe opener
ALBENA (Bulgaria): Former world junior champion Abhijeet Gupta misplayed when in a better position and was held to a draw by Pavel Janev of Bulgaria in the first round of rand Europe Albena Chess tournament here. It turned out to be a rather sedate start for Abhijeet whose plans of entering wild complexities against much lower ranked Janev backfired. With a half point from the first game, the Indian will have some catching up to do in the remaining eight rounds of this 30000 Euros prize money tournament. The other Indians in the fray got off to a flier and topping the list was N Raghvi, who played out a spirited game to hold higher ranked International Master Ivajlo Enchev of Bulgaria. International Master Ashwin Jayaram and Grandmaster-inwaiting Vishnu Prasanna had an off from work as their opponents Antonina Dragasevic of Serbia and Oleksandr Fedotov of Ukraine failed to turn up for the first round. Waiting for confirmation of his Grandmaster title, Swapnil Dhopade dispatched the challenge of Lubomir Mishkovski of Bulgaria, while Anurag Mahamal and Sagar Shah got the better off Zheljazko Savov of Bulgaria and Ukrainian Mykola Lisnichuk respectively.
SERENA TO TAKE ON KUZNETSOVA AGAIN P
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MUMBAI | MONDAY, JUNE 3, 2013
ARIS: Serena Williams bludgeoned her way to another lopsided win at the French Open on Sunday as she continued her quest for a second French Open title, 11 years after her first. The top seeded American needed just 70 minutes to dispose of the world’s top doubles player, Roberta Vinci of Italy, 61, 6-3 and in four matches at Roland Garros this year, she has dropped just 10 games. The win puts her into a quarter-final matchup against unseeded Svetlana Kuznetsova of Russia who won the title in Paris in 2009 after defeating Williams in a quarter-final thriller. Kuznetsova, who outlasted eighth seed Angelique Kerber of Germany 64, 4-6, 6-3, said she would relish going up again against Williams, even given her current form.
Oliveira finishes fourth for Mahindra at Mugello
MUGELLO: Miguel Oliveira secured Mahindra’s best result of the season so far in the Moto3 world championship by finishing fourth at the Mugello grand prix here today. The Portuguese star though was a little disappointed as he missed the podium by less than half a second. The race was a thriller from the start, with the Moto3™ pack jostling for position on the fast and sweeping 5.245-km Mugello circuit.Oliveira started from the second row and was ninth into thefirst corner, but seventh and climbing by the end of the lap. He set a new lap record on the fourth lap, and next time round was third. From then on played a major role in a six-strong group that broke away for an enthralling battle to the end. They swapped positions constantly, with Miguel taking his turn up front on lap 15.
NO HOLDING BACK THE TEARS: Tommy Robredo breaks down after his remarkable win and (left) Jo-Wilfried Tsonga. Jo-Wilfried Tsgonga moved into the last eight of the French Open.The sixth seed is yet to drop a set in the tournament after outclassing the world number 57 to wrap up a 6-3 6-3 62 win in just one hour and 45 minutes on Court Philippe Chatrier.But that appeared to restore his confidence and he broke Troicki to love in the next game, moving into a 4-2 lead with a superb forehand down the line. Troicki again had to save break points to hold for 5-3 but it was merely delaying the inevitable as Tsonga converted
P
Sania-Bethanie move to second round
ARIS: Sania Mirza and her partner Bethanie Mattek-Sands progressed to the second round of the women's doubles in the French Open with a straight set win over local pair of Alize Cornet and Virginie Razzano. The seventh seeded Indo-American pair recorded a 6-3, 64 win in one hour and 28 minutes in the opening round. Saving nine of the 12 break points helps the cause of Sania and her partner. They next face American combo of Lauren Davis and Megan Moulton-Levy.
Kaneria wants to play in T20 tournaments during Ramazan
KARACHI: Pakistan’s troubled leg-spinner Danish Kaneria has sought permission from the PCB to play in local T20 tournaments, held in the month of Ramazan. Kaneria has also told the Board that he is ready to face any inquiry and that the PCB and its legal team should take up his case with the England and Wales Cricket Board. “The way things stand I see no future for myself in cricket because my case is being delayed and I am not getting justice from the ECB,” he told PTI. The leg-spinner, who has taken 261 Test wickets has not played for Pakistan since 2010 and has been suspended from playing any level of cricket by the PCB since last year after the ECB disciplinary panel found him guilty of encouraging Essex teammate Mervyn Westfield to spot fix in a county match in 2009.
Railways, Haryana, Air India make quarters of Senior Men Hockey Nationals
PUNE: Railways, Air India and Haryana advanced to the quarter-finals of the 3rd Hockey India Senior Men National Championship after scoring comfortable victories over their respective rivals. In a Pool B match, Air India trounced Madhya Pradesh Hockey Academy 10-1 while Railways defeated Namdhari XI 5-2 in Pool F. In Pool D, Haryana thrashed the Hockey Maharashtra 6-1. Air India scored through Pradhan Somanna (11 min), Vikram Pillay (15, 66 min), Joga Singh (23, 54 min), Affan Yousuf (35, 37 min), Sameer Dad (60 min, Swamy Vinaya (62 min) and Arjun Halappa (68 min) while Vikas Choudhary (19 min) scored the only goal for Madhya Pradesh Hockey Academy.
his third match point. The rallies were long and plentiful, and at the end of the day Tommy Robredo out-rallied his Spanish counterpart Nicolas Almagro to make the quarter-finals here for the fifth time, winning 6-7(5), 3-6, 6-4, 6-4, 6-4. Even more impressively, the 31-year-old rallied after a slow start to come back from a two-set deficit for the third match in a row to take the decision in a four-hour rollercoaster. David Ferrer beat No. 23 Kevin Anderson 6-3, 6-1, 6-1 in just an hour and 45 minutes.
‘Calling the meeting eyewash is uncharitable’ C
HENNAI: Soon after being made the head of an “interim” set-up to run the Cricket Board, former BCCI President Jagmohan Dalmiya today backed incumbent N Srinivasan and said calling the arrangement an eyewash was “uncharitable and unreasonable”. “I think the members felt it was too fast to demand his resignation,” Dalmiya said after the Emergent Working
Committee meeting here. “It was the most uncharitable and unreasonable comment you have made,” Dalmiya said when asked by a reporter if the meeting was an eyewash. Dalmiya said nobody in the committee asked for the beleaguered President’s resignation. “Nobody had asked for his resignation. I can say nobody came forward.”
India was the lowest point in my cricket career: Watson ONDON: Australia all-rounder Shane two series back-to-back of the biggest Watson says the team’s last tour of India, cricket we’ll ever play,” the Aussie was L where it was whitewashed 0-4, was the low- quoted as saying by ‘ESPNcricinfo’. est point of his cricket career. “Whatever happened throughout India, certainly for me personally, was the lowest point in my cricket career, there’s no doubt about that.” he said. “The decisions that were made were made for a reason and we certainly have to move forward as a team because we’ve got
Watson admitted the controversial episode ahead of Australia’s last chance to save the series in India could have been avoided. Watson along with three other teammates were suspended ahead of the third Test in Mohali for breach of discipline. The 31-year-old is now looking forward to the upcoming Ashes series against England.
Srinivasan acting like ‘banana republic dictator’: Abdi NEW DELHI: Former IPL Commissioner Lalit Modi’s counsel Mehmood Abdi today said N Srinivasan was behaving like a “banana republic dictator” and called the outcome of the BCCI Working Committee meeting in Chennai as “fore drawn conclusion”. Srinivasan today stepped aside as the President of the BCCI till the probe into the spot-fixing scandal in the IPL-6 is completed against his son-in-law and CSK Team Principal Gurunath Meiyappan, arrested on charges of betting. Abdi is also the President of Shriganagnagar District Cricket Association in Rajasthan.
SRINIVASAN STEPS ASIDE; DALMIYA STEPS UP SPORTS
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HENNAI: Bowing to all-round pressure, N Srinivasan today agreed to “step aside” as BCCI President under a compromise formula that brought back former Chief Jagmohan Dalmiya as head of a four-member “interim arrangement” to run the Board, more than a fortnight after the spot-fixing scandal rocked cricketing world. In a decision in which the proSharad Pawar group appeared to have suffered a dent, the Working Committee of the Board decided that Dalmiya will conduct its dayto-day affairs after Srinivasan announced that he will not discharge his duties as the President till such time the probe is completed. Sources said that key members including Arun Jaitley, Rajeev Shukla and Anurag Thakur appeared to have tilted the scales in favour of Dalmiya and softened the
BACK AT THE HELM: Jagmohan Dalmiya
Committee also said that the word resignation was not used at the meeting. The meeting also urged Secretary Jagdale and Treasurer Ajay Shirke, who have resigned from the posts a couple of days ago, to rethink their decision and get back to the Board in 24 hours. However, both of them said after the meeting that they have decided not to withdraw their resignations. A BCCI press release said after the meeting “Mr N. Srinivasan announced that he will not discharge his duties as the President of the Board till such time that the probe OUT: N Srinivasan is completed. Till such time, Mr. Jagmohan Dalmiya will conduct the blow on Srinivasan. While the Pawar group may have day to day affairs of the Board. “The Committee expressed full wanted former chief Shashank Manohar in Dalmiya’s place, it confidence in Mr. Sanjay Jagdale could also not ensure that Srini- and Mr. Ajay Shirke and requested them to withdraw their resignations vasan resigned. 73-year-old Dalmiya will appoint in the larger interest of the Board.” The BCCI chief said after the a new member on the three-member inquiry commission in place of meeting that no one in the meeting Sanjay Jagdale that will go into the asked him to resign and he had ofallegations of betting and spot-fix- fered not to discharge the functions ing against Srinivasan’s son-in-law of the Board President till an indeand CSK Team Principal Gurunath pendent probe against his son-inMeiyappan and his franchise CSK. law and his franchise. There was no 24 members of the Board at- acrimony in the meeting. Srinivasan, who has been facing tended the meeting in which there was no demand made for his resig- calls for resignation as BCCI chief nation, Srinivasan said though Pun- ever since the arrest of his son-injab Cricket Association chief I S law, said he has taken an extraordiBindra claimed that he did. Two narily fair step by stepping aside. Shirke, said to be close to Pawar, senior members of the Working
expressed unhappiness over the decision of the Working Committee and wondered how this arrangement could work. “I personally cannot make out how this kind of arrangement will work. I have just reaffirmed my decision (not to withdraw the resignation). He said he and Jagdale were requested by all the Working Committee members to withdraw their
resignations. “My final decision is that I cannot continue”. “Nobody except Mr Bindra and myself and a couple of others... We did question the modalities of this arrangement,” he said. Bindra was more forthright in his attack on the decisions of the Working Committee. “Mr Jaitley has had his way in this meeting. Most of the suggestions came from Mr Jaitley, including the
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appointment of Mr Dalmiya,” Bindra said. “Srinivasan is not resigning. He is just stepping aside for one month. This is taking the public for a ride. We needed something more than this. I suggested, let him step aside until September, but he said he is not going to resign.” “I suppose if there is a meeting of ICC, Mr Dalmiya will go. Mr Srinivasan will not perform any function of the Board”, Bindra said. Sources said at the start of the meeting Srinivasan gave a resume of issues including domestic and pending issues with ICC. He then narrated two incidents involving three players allegedly involved in spot-fixing and the Gurunath Meiyappan betting issue. He then told the committee about the resignation of Jagdale and Shirke and that it was unacceptable. Jaitley, a Vice President, participating in the meeting through video conferencing in Delhi, expressed concern about the credibility of the Board taking a beating because of the actions of the three players and Gurunath. “Step aside till the pendency of inquiry and not discharge any presidential functions for a free and fair probe,” Jaitley told Srinivasan which he immediately agreed.
BCCI WC meeting a sham, public taken for a ride: Bindra
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HENNAI: Former BCCI President I S Bindra today slammed the Board’s Working Committee for allowing N Srinavasan to just “step aside” instead of resigning as the body’s chief, calling the proceedings a “sham” and “worse than match-fixing”. “I have the minutes and notes of the meeting. I categorically asked for his (Srinivasan’s) resignation. I said this sham will not satisfy the public. I said he should resign and come back if exonerated. He (Srinivasan) said he will step aside but not resign at any cost,” Bindra, whos is currently the Punjab Cricket Association President, said after the meeting here. “He (Srinivasan) is not resigning. He is just stepping aside for one month. This is taking the public for a ride. We needed something more than this. The decision is worse than match-fixing. I suggested, let him step aside until September, but he said he is not going to resign,” he said. Bindra claimed that he was the only person in the meeting to have asked Srinivasan to resign. He said he has no problems with Jagmohan Dalmiya becoming head of an interim arrangement but had
IS Bindra talking to reporters after the Board meeting.
reservations about the way he was brought in. “I have no problem with Dalmiya coming in, he is an able administrator. But I don’t like the way he has been brought in,” he said. Bindra, a former ICC advisor, said BCCI vice-president Arun Jaitley played a big role in arriving at the decision in the meeting.
Life comes full circle for Dalmiya - master of numbers game N
Pakistan South Africa Warm-up tie to be played at: Kensington Oval, London Time: 15:00 Hours
EW DELHI: Jagmohan Dalmiya, who was shunted out unceremoniously eight years ago by the BCCI, today rose from the ashes like a phoenix to repair the damage caused by one of the worst scandals to hit Indian cricket. The 73-year-old administrator, who has also served as an ICC President, was once credited with making cricket a money-spinner in India but had to make an inglorious exit seven years ago when charges of financial misappropriation were slapped on him. The Kolkatan came into the BCCI way back in 1979 and immediately made an impression along with his friend-turned-foe Inderjit Singh Bindra. The dynamic duo was at the fore-
front in bringing the World Cup to India and commercialise the game to rake in the moolah which made BCCI the richest cricket Board in the world by the time 90’s arrived. He was elected Chairman of the ICC in 1997 and managed to make the cash-strapped body a profitmaking one with tactful commercial moves which involved selling TV rights and making cricket attractive to the advertisers. With this, he also ended the west’s domination in the game and initiated the era of sub-continental prominence which is still continuing. But he had to quit ICC under acrimonious circumstances when a controversy erupted over the sale of TV rights.
His ICC reign ended in 2000 and the very next year, he was elected President of the BCCI beating A C Mutthiah in a well-fought board elections in 2001. That ended in 2004 but he managed to pull the strings in the election to get his favoured candidate Haryana’s Ranbir Singh Mahendra beat union minister and Maharashtra strongman Sharad Pawar 16-15. With scores tied at 15-15, Dalmiya gave a casting vote sitting in president’s chair to pull it in Mahendra’s favour. But the next year, tables were turned on the man, who had not lost an election till then, Pawar coming to power with a resounding win by 21-10 margin. The defeat also led to the present
BCCI regime slapping charges and cases of fund misappropriation against him. The new BCCI regime asked him to present details of a transfer of Rs 400 million (USD 85.5 million) from an Indian Overseas Bank account in Bhawanipur to the Cricket Association of Bengal (CAB), of which he was the president from 1996 to 2005. The BCCI accused Dalmiya of misappropriation of the 1996 World Cup funds and filed a complaint against him at a Mumbai police station in 2006 within months of him getting re-elected as CAB President in pitched election where he defeated erstwhile CM Buddhadeb Bhattacharya backed commissioner of police Prasun Mukherjee 61-56.
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Afternoon Despatch & Courier MUMBAI
| MONDAY, JUNE 3, 2013