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BUDGET 2015-16 RNI Regn No. : GUJENG/2014/59629
Railway Budget 2015-16 Year : 01 -
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News
01, March, 2015 Sunday
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Brief
Dalmiya consensus candidate from Srini camp: sources Agency : Chennai, Feb 28
Veteran administrator Jagmohan Dalmiya has emerged as a consensus candidate in the N Srinivasan camp for the post of president in the BCCI elections to be held here on Monday. Dalmiya, the president of Cricket Association of Bengal, controls two votes from East Zone and has emerged as a candidate for the top post since no other name was unanimously acceptable to all the units loyal to Srinivasan.
PIL in HC on whereabouts of Rahul Gandhi Agency :Lucknow, Feb 28
A local lawyer today filed a public interest litigation (PIL) in the Lucknow bench of Allahabad High Court seeking to know the whereabouts of Congress leader Rahul Gandhi who has taken a sabbatical. Petitioner Ashok Pande said he deemed it necessary for the safety of Gandhi, Congress VicePresident and an MP, and because the reputation of Government of India was involved.
TMC slams Centre for fuel price hike Agency :Kolkata, Feb 28
Trinamool Congress today slammed the Centre for the post-budget hike in petrol and diesel prices saying "the government wants to bypass everybody and hurt the interests of the common people". "Petrol and diesel prices have been hiked again. Budget, what's that? Parliament, what's that? Bypass all. Common man are burdened. This is economic mismanagement," the newly-appointed leader of the Trinamool Congress parliamentary party in Rajya Sabha Derek O'Brien
Budget "unkind" to the poor Agency :New Delhi, Feb 28
Former Finance Minister P Chidambaram today tore intotheUnionBudgetalleging that it was "unkind" to the poor and was leaning heavily in favour of the corporates and could fail the targeted 8 per cent growth next year.
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Budget 2015: Top takeaways for the common man NEW DELHI In a budget that had several firsts, Finance Minister Arun Jaitley in his budget speech announced a slew of tax measures and personal savings schemes aimed at benefiting the taxpayer and common man. While tax exemption limits for various schemes were hiked, new methods to monetise gold were also announced. We take a look at the major takeaways for the common man from Budget 2015.Keep watching this space for updates on how the Budget benefits you...The limit of reduction of health insurance premium was enhanced from Rs 15,000 to Rs 25,000. For senior citizens this limit has been increased from Rs 20,000 to Rs 30,000. "For senior citizen above the age of 80 years, not eligible to
take health insurance, deduction is allowed for Rs 30,000 toward medical expenditure. Deduction limit of Rs 60,000 on expenditure on account of specified diseases is enhanced to Rs 80,000 in the case of senior citizens," Jaitley said. Additional deduction of Rs 25,000 is allowed for differentlyabled persons, increasing the limit from Rs 50,000 to Rs 75,000. It is also proposed to increase the limit of deduction from Rs 1 lakh to Rs 1.25 lakh in case of severe disability. Jaitley also proposed to provide that investment in Sukanya Samriddhi Scheme will be eligible for deduction under section 80C of the incometax and any payment from the scheme shall not be liable to tax. Limit on deduction on account of contribution
to a pension fund and the new pension scheme is proposed to be increased from Rs 1 lakh to Rs 1.5 lakh. Additional deduction of Rs 50,000 will be allowed for contribution to the new pension scheme u/ s 80 CCD increasing from Rs 1 lakh to Rs 1.5 lakh. The transport allowance for salaried, which currently
stands at Rs 800 per month was increased to Rs 1,600 per month. Encouraged by the success of the Pradhan Mantri Jan Dhan Yojana, the Finance Minister proposed to work towards creating a universal social security system for all Indians, specially the poor and the under-privileged. Jaitley said that soon Pradhan
Petrol, diesel prices hiked by over Rs 3 per litre Agency : New Delhi Petrol price was on Saturday hiked by Rs 3.18 per litre and diesel by Rs 3.09, the second increase in rates this month on rising international oil rates. The increase is effective from Saturday midnight. A litre of petrol in Delhi will cost Rs 60.49 from Sunday as against Rs 57.31 currently while diesel will cost Rs 49.71 per litre as against Rs 46.62 at present, oil companies announced in New Delhi on Saturday. Prior to the increases this month, petrol price had been cut on ten occasions since August 2014 and diesel six
times since October 2014. Cumulatively, petrol price had been cut by Rs 17.11 per litre in ten reductions since August and diesel by Rs 12.96 a litre since its deregulation in October. This trend was reversed when rates were raised on February 16. “Prices of petrol and diesel were last revised upwards with effect from February 16 by Rs 0.82 per litre and Rs 0.61 a litre respectively (including state levies at Delhi)…Since the above price revision, there has been further steep increase in international prices of both petrol and diesel,” Indian Oil Corp
(IOC) said in a statement. Also, the slight depreciation in rupee-dollar exchange rate together with firming international rates warrant increase in retail selling price of petrol and diesel, it said. Fuel prices would have been lower but for four consecutive excise duty hikes since November
totalling Rs 7.75 a litre on petrol and Rs 7.50 on diesel. “The movement of prices in international oil market and INR-USD exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes,” the IOC statement said.
Mantri Suraksha Bima Yojana will be launched to cover accidental death risk of Rs 2 lakh for a premium of just Rs 12 per year.Similarly, we will also launch the Atal Pension Yojana, which will provide a defined pension, depending on the contribution, and its period. To encourage people to join this scheme, the government will contribute 50% of the beneficiaries' premium limited to Rs. 1,000 each year, for five years, in the new accounts opened before 31st December, 2015. Jaitley also announced a third
Social Security Scheme, the Pradhan Mantri Jeevan Jyoti Bima Yojana, which covers both natural and accidental death risk of Rs 2 lakh. The premium will be Rs 330 per year, or less than one rupee per day, for the age group 18-50. Jaitley announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of monthly income, contribution to EPF should be optional, without
affecting or reducing the employer's contribution.He said, with respect to ESI, the employee should have the option of choosing either ESI or a Health Insurance product, recognized by the Insurance Regulatory Development Authority ( IRDA). Jaitley in his Budget Speech in proposed no change in the rate of personal Income-tax. However, Jaitley proposed to levy a surcharge at the rate of 12% on individuals, HUFs, AOPs, BOIs, artificial juridical persons, firms, cooperative societies and local authorities having income exceeding Rs 1 crore.
Budget misses opportunity to meet people's expectations: AAP Agency : New Delhi Aam Aadmi Party on Saturday termed the budget as a "missed opportunity" for failing to meet the expectations of common man, but welcomed government's move to bring legislation on black money. The party also raised concerns on major cuts in social expenditure. Welcoming the earmarking of Rs 1,000 crore as Nirbhaya fund, AAP slammed the government's decision to promote PPPs and take a majority of risks, saying this raises suspicion that it could be a ploy to "benefit crony capitalism". "While we welcome steps
announced to address the issue of black money stashed abroad, the government failed to show commitment to the cause by not putting a lid on Participatory Notes, through which tons of black money is being masked, round tripped and pushed into the Indian stock markets. It added that although the Finance Minister has gone out of way to "appease" the corporate sector, the fundamental nature of taxation is still regressive. "Finance Minister's decision to put the GST on the back burner is disappointing. Even more disappointing is the fact that the Finance Minister trashed
the Direct Tax Code, killing hopes of structural tax reforms and simplifying tax regime. The party said expenditure on Sarva Shiksha Abhiyaan has gone down from Rs 28,000 crore to Rs 22,000 crore, the Integrated Child Development Scheme from Rs 16,000 cr to Rs 8,000 cr and the Mid-Day Meal scheme from Rs 13,000 cr to 9,000 cr.
Swine flu claims 36 more Budget 2015: Over 2% cut in education lives, over 19,000 affected budget; new IITs, IIMs to be set up
Agency : New Delhi The education sector saw over a 2% cut in the outlay announced in the Union Budget on Saturday, even as the government proposed to set up new IITs and IIMs in some states. The slash in the education sector as compared to the revised allocation in 2014-15 is 2.02%. In all, school education and higher education sectors have got Rs 69,074 crore. The revised estimate for 201415 was Rs 70,505 crore. The cut is, however, about 16.54% if compared with the actual outlay the 201415 fiscal. Notwithstanding the cut though, HRD Minister Smriti Irani described the Budget as
"pragmatic" and said she was "extremely grateful to the allocation of funds for higher learning and also about the thrust on innovation through funding". While the school education sector has got an outlay of Rs 42,219.50 crore for 2015-16, the higher education sector has got Rs 26,855 crore. The thrust has been on the higher education sector with the announcement of an IIT in Karnataka and upgradation of Indian School of Mines, Dhanbad into a full-fledged IIT, capping a long standing demand for the people in Jharkhand. "I propose to set up an IIT in Karnataka, and upgrade Indian School of
Mines, Dhanbad into a fullfledged IIT," Finance Minister Arun Jaitley had said in his Budget speech. "IIMs will be setup in Jammu and Kashmir and Andhra Pradesh," he added. The Minister also announced setting up of Institutes of Science and Education Research in Nagaland and Odisha. A Centre for Film Production,
Animation and Gaming in Arunachal Pradesh and Apprenticeship Training Institute for Women in Haryana and Uttarakhand has also been proposed. Jaitley also announced the setting up All India Institutes of Medical Sciences (AIIMS) in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh and Assam.
Agency : NEW DELHI Swine flu has claimed 36 more lives raising the toll to 1,041 even as the number of people affected by the H1N1 virus in the country breached the 19,000 mark today. As per data collated by the Health Ministry, the total number of deaths due to swine flu was 1,041 till yesterday while the number of people affected were 19,046. The Health Ministry had yesterday given the figure of those affected to be 18,105. In Rajasthan, the death toll has climbed to 257 while the number of those affected stood at 5,403. As many as 256 people have died of the disease in Gujarat, which is among the worst affected states. So far, 4,162 people have been affected in the state. In
Madhya Pradesh and Maharashtra, the total number of deaths has been reported to be 151 and 131 respectively. The disease has claimed 56 and 42 lives in Telangana and Punjab respectively. In Delhi, ten persons have died of swine flu while the number of affected has risen to 2,791. Karnataka has reported 42 deaths till now, Haryana 21, Andhra Pradesh - 12, Himachal Pradesh - 8,
Jammu and Kashmir and Kerala - 7.Health Minister JP Nadda had yesterday admitted that the country was facing a shortage of laboratories for testing swine flu and had assured that efforts were being made to set up such facilities in all states.The government has been repeatedly asserting that it is "very serious" on combating the challenge and has asked people not to panic but be alert.
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2 / Dt. 01-03-2015, Sunday Editors' Picks SUNDAY, MARCH 01, 2015
Budget : How does an empty bank account help change anyone's life? "A corporate-friendly budget", sneered the left. I tweeted the latter charge, adding: "Corporate-friendly but little for the aam aadmi, and the poor completely forgotten." One can point to the elimination of Wealth Tax and the phased reduction of corporate tax as evidence for the latter charge. But this is well-ploughed ground: one must look beyond the obvious criticisms and see how the Budget will or will not change the lives of Indians for the better. Unlike last year's underwhelming laundry-list, this year's Budget did contain a vision for the future, albeit one again falling short of the "big bold ideas" Mr Jaitley liked to insist upon when he was in Opposition. We had already been warned, in yesterday's Economic Survey, not to expect any of the big-ticket reforms the world had been hoping for: "Big-Bang reforms as conventionally understood," the Survey had argued defensively, "are an unreasonable and infeasible standard for evaluating the government's reform actions." Instead, it called for "a persistent, encompassing, and creative incrementalism", which is more or less what we've got in the nine months of the Narendra Modi-led central government. The Finance Minister's speech was fine; as is too often the case with this Government, words, rhetoric and soundbites are what they are good at. But in the face of a lack of adequate resources abetted by low tax collections, a dangerously high fiscal deficit, and weak corporate spending, it's not enough. Implementation of the soaring vision of a growing, prosperous and just India is where the challenge lies. Here the auguries are less promising. Once again, for instance, we heard a great deal about infrastructure, and investment therein. But how exactly is more investment in infra going to transform India, at a time when incomplete projects costing Rs. 18 Lakh Crore (about 13 percent of GDP) have tied up public and private funds in stuck infra projects right now? The only yardstick that matters is change on the ground, not good intentions in North Block. Here, achhe din haven't dawned yet. The decline in global oil prices is partially responsible for the slight improvement in the recent economic figures boasted about by the Government. Every year India spends almost 12% of its GDP in importing commodities such as petroleum, gold, coal, vegetables oils, fertilizers, and silver, which constitute 51% of our country's total imports. A decrease in the global prices of these commodities has benefited our economy by improving our current account, controlling inflation and consequently increasing GDP growth. The Government can hardly take credit for these changes. But it has offset the declining oil prices by levying an additional cess of Rs. 6 at the pump, up from Rs. 2, which will directly hit the aam aadmi. From a macro-economic perspective, there are some real worries about how the Finance Minister will achieve fiscal consolidation with his budget. Put bluntly, Mr Jaitley's tax numbers don't add up. The fiscal deficit for April-December 2014-15 is at Rs. 5.32 lakh crore and has surpassed this year's Budget Estimate of Rs. 5.31 lakh-crore by 0.2%.
QUOTE OF THE DAY
Ahmedabad
“it was "pro-industrialist", "pro-corporate" and not meant for the poor. He termed the budget as vision document just like the railway budget, and was "impractical" in nature. "The budget is only for big corporate houses and industries.” - Leader of Congress in Lok Sahba Mallikarjun Kharge on Saturday slammed the Union budget 2015-16
'Godavari' girl injured on sets Shruti Haasan Sings and Acts for
Agency : Mumbai Neetu Chandra who played
the second lead actress in Sekhar kammula's
'Godavari' movie was injured on the sets of an upcoming Tamil movie. Reportedly this incident happened when she was shooting for a musical thriller titled 'Vaigai Express'. During a stunt sequence she injured herself and doctors ordered her complete bed test for two weeks. Shaji Kailas is directing this movie in which Neethu is playing dual role. Nassar is playing an important role in the movie.
Alia Bhatt turns hockey player in 'Udta Punjab'? Agency : Mumbai Actors and actresses learning a particular sport to get into their character is not new. We've seen Shah Rukh Khan learn hockey for ‘Chak De! India’, Arjun Kapoor play Kabaddi for ‘Tevar’, Priyanka Chopra turn boxer in ‘Mary Kom’, Sonakshi Sinha learn boxing for ‘Holiday’, Parineeti Chopra playing golf in ‘Kill Dil’ among others. And now it seems it is Alia Bhatt's turn to learn something new! The actress will be seen essaying the role of a hockey player in her next, ‘Udta Punjab’ where she is paired
opposite Shahid Kapoor. According to a report in a leading daily, Alia has been regularly going for hockey training for about two hours in the morning. She has been doing so for over two weeks now. In fact the actress is training in the morning from 7am-9am in order to avoid prying eyes. Interestingly, a few days ago, Alia had even shared a pic of a hockey stick- on her Instagram account and captioned it, “My new friend.” While it didn't make sense then, now we can certainly connect the dots. Directed by Abhishek
Chaunbey, the film is set in Punjab and deals with the serious issues of drug abuse in the state. Shahid kapoor and Kareena Kapoor Khan will also be seen essaying pivotal roles in the film.
Sonam Kapoor admitted to Rajkot hospital with swine flu symptoms
- Kapilkumar M. Hirpara Editor
Shah Rukh Khan: Lesser known facts Sunvilla News, Rajkot Sonam Kapoor has been admitted to a hosiptal in
Rajkot following Swine flu symptoms. The actor, who was shooting in Gujarat for
Prem Ratan Dhan Payo, complained of sore throat and high fever. She was then taken to Streling hospital and is currently under observation. Samples of her blood have been taken for swine flu test. Sooraj Barjatya’s film Prem Ratan Dhan Payo's shooting is underway at a royal palace in Gondal, Rajkot. Salman Khan is also in Rajkot for the film's shooting. It is not the first time that she has had a health problem while shooting for Prem Ratan Dhan Payo. A few days back, Sonam suffered respiratory infection and was admitted to the hospital.
Akshay Starrer "Main Gabbar"
Agency : Mumbai Actress Shruti Haasan mesmerized everyone with her vocal skills in Tevar and Shamitabh, She been aspiring singer ever since her childhood, now we will see her singing for her upcoming flick Main Gabbar. Shruti Hassan first sang on screen when she was 13 for her father's film, 'Hey Ram'. And later in her debut Bollywood
'Luck', Shruti composed and sang some lovely numbers. Shruti Haasan, had lent her voice to Sonakshi Sinha for the romantic track ‘Joganiyan’ and later in her sister Akshara Haasan’s acting debut in Shamitabh, a lovely song ‘Sannata’. And now, report suggests that she will sing for the Akshay Kumar starrer Main Gabbar too.
However, this time, she is not only going to sing, but feature in song as well. Shruti is playing the female lead in the action drama. It’s an edgy romantic number, with rock – pop elements. Produced by Sanjay Leela Bhansali in association with Viacom 18 and directed by Krish, Main Gabbar is the remake of popular Tamil blockbuster Ramanaa.
A Proud Karan Johar Hugs And Kisses His Student Varun Dhawan! Agency : Mumbai It’s a proud moment for Varun Dhawan and his family, as his movie Badlapur has received a great response from the audience. Yesterday at the success bash of the movie, Varun Dhawan and Karan Johar greeted each other by giving a warm hug. Karan Johar who launched Varun Dhawan in his debut Student Of The Year was seen giving a warm hug to Varun. Not just this, Karan Johar also kissed Varun Dhawan on his
forehead, which showed how proud Karan Johar is of him. Well Karan Johar’s gestures showed that how proud and happy he is for actor Varun
Dhawan. It was proud and an emotional moment for Karan Johar when he congratulated Varun for his Badlapur success.
Stars shine at Mirchi Music Awards 2015
Anushka Sharma has a hearty laugh on the sets of 'Comedy Nights with Kapil'
Agency : Mumbai Fan starring Shah Rukh Khan has already been in the news these days, all thanks to the star cast and the superstar's look in the film. But not many know that the actor might be playing the role of a 17 year old boy in the movie."In my next film I will be playing a 17-yearold and I will take some help
to do it. Perhaps with prosthetics, perhaps with make-up and VFX," said SRK.The badshah of Bollywood will romance model Waluscha D'Souza in Maneesh Sharma's Fan. SRK feels that now more than age appropriate heroines, it has become about character appropriate casting.
Agency : Mumbai Anushka Sharma is gearing up for the release of her first maiden production film ‘NH10’. The actress has already begun promotions for her film. She recently paid a visit to the sets of ‘Comedy Nights with Kapil’ along with her co-
star Neil Bhoopalam. The show which will air on national television in the coming days, will see Anushka and Neil interact with the show’s host Kapil Sharma, Sunil Grover, Ali Asgar and Kiku Sharda. Anushka can also be seen playing with Kapil’s dog
Zanjeer on the show sets. The actress turned coproducer of the film launched the trailer of her film early this month. Fans and critics admit that the trailer looked very promising and showed the actress take a very different role. Anushka will be seen playing a corporate woman on a road trip with her beau. The makers have managed to keep fans in the dark about the film's plot. The film also stars ‘Mary Kom’ actor Darshan Kumar.
Agency : Mumbai The 7th edition of the annual Mirchi Music Awards culminated in a glittering ceremony, where the crème de la crème of Bollywood were honoured for their outstanding contribution to the music industry. The song of the year award was bagged by Chinmayi and Shekhar Ravjiani for Zehnaseeb (Hasee Toh Phasee). Irshad Kamil won the trophy for the lyricist of the year for Manwa Laage (Happy New Year).
Listener’s choice song of the year was bagged by Arijit Singh for his popular song Muskurane (City Lights). The song was composed by Jeet Ganguly with lyrics written by Rashmi Singh. Superstar Madhuri Dixit walked away with a special prize “Diva of Dancing Hits” while eminent lyricist Javed Akhtar was bestowed with a lifetime achievement award for his contribution to Indian music industry. Mirchi Music
Awards are aimed at bringing people together across the Indian music fraternity, from both artistic and technical fields. The winners are decided by a diverse jury made up of stalwarts of Indian Music. This year’s jury included celebrated names like Ramesh Sippy, Prasoon Joshi, Anu Malik, Aadesh Srivastava, Lalit Pandit, Louis Banks, Kavita Krishnamurthy, Alka Yagnik, Illa Arun among others.
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3 / Dt. 01-03-2015, Sunday
Budget "credit neutral" from a ratings perspective - Moody's
Agency : Mumbai Moody's Investors Service said India's 2015/16 budget unveiled on Saturday was "credit neutral," adding the agency would monitor whether the government can fulfill its pledge to meet its fiscal deficit by boosting economic growth. The government on Saturday pushed back the deadline to cut the fiscal deficit to 3 percent of gross domestic product to 2017/18, a year later than previously expected, seeking more elbow room to focus on economic growth. "There is still a constraint on the credit profile from the fiscal side. The government is going to privilege growth and not fiscal consolidation. That is the government's prerogative," said Atsi Sheth, Moody's sovereign ratings
analyst, told Reuters. "I would say that on a balance this (budget) was credit neutral." Jaitley forecast that growth would accelerate to 8-8.5 percent in the fiscal year starting in April, up from 7.4 percent this year, under a budget unveiled on Saturday that focuses on stoking investments. Sheth underscored the need for the government to work towards a timely rollout of its ambitious goods and services tax (GST), while saying more efficient direct cash subsidy transfers would also be important. The continuing fiscal deficit, however, along with the deteriorating asset quality of public sector banks remain a constraint to India's sovereign credit profile, Sheth added.
ISRO to launch 10 satellites in 2015: ISRO chief
Agency : New Delhi Director of Indian Space Research Organization (ISRO) Satellite Centre, Bengaluru, S.K. Shivakumar, on Friday said the space agency has set an ambitious goal to launch ten satellites in 2015. Shivakumar was speaking on the topic "Indian satellites and success of MOM" at the National Science Day lecture at the All-India Institute of Speech and Hearing (AIISH). Launch ten satellites a year means the space agency will be doubling the number of satellite launches ? which currently stand at 4 to 5 a
year. India has launched a total of 72 satellites on its own from 1975. Further two satellites were launched with the support of foreign agencies, Shivakumar said. Shivakumar further added that India will be launching its 73rd satellite, which will be a navigation satellite, in the month of March. He also revealed that as many as 41 nations have taken ISRO's help in some way or the other to launch their own satellites. The space scientist said that there will be big challenges that ISRO will be facing to stick to its ten satellite launches per year target, but he assured that the infrastructure for supporting the vision was being created to boost the satellite production system.
WC : Holder vows Windies will stage strong comeback post Proteas thrashing
Agency : Johannesburg West Indies skipper Jason Holder has said that his side would stage a strong comeback following their humiliating 257-run defeat to South Africa, adding that
they would be at their aggressive best when they take on defending champions India on March 6. Confident of securing a quarter-final berth, Holder said that the defeat hadn't
put them on the back foot, adding that they still had two games left. Reflecting on the upcoming tie against India, Holder said that they would be aggressive, insisting that they would play their normal style of cricket, Sport24 reported. The all-rounder, who remained the top scorer for the team with 56, said that they have periods to improve on in terms of their 'death' bowling, adding that once they do that they would still be a force in the competition. Currently, West Indies are fourth in Pool B table as they would meet the United Arab Emirates on 15 March after their tie against reigning champions India next week in Perth.
Mumbai FC thrash Bharat FC to claim fourth spot Agency : Pune Mumbai FC recorded their third successive victory, and first away from home, when they outclassed I-League football debutants Bharat FC 2-0. Brazilian striker Josimar Da Silva scored from a penalty in the 36th minute before Sampath Kuttymani doubled the lead in the 73rd minute to put the issue beyond their opponents. But for some more missed chances the score-line would have been bigger in favour of the Mumbai outfit. The win propelled Mumbai FC, with 10 points from 7 games, into 4th position behind leaders Mohun Bagan, Royal Wahingdoh and Pune FC. Bharat, who suffered their 3rd defeat in 5 games, stay in second place from the rear with 5 points. Mumbai FC were dominant from the outset as they controlled play in the midfield and attacked the rival citadel in waves, which put the Bharat FC citadel under a lot of
pressure. Brazilian Josimar and Mohammed Rafi were alert and quick to chase down balls provided by the midfielders to stretch the Bharat FC defence. Once again the hard-working Japanese Taisuke Matsugane in the company of Kuttymani, Reisangmi Vashum and the young Jayesh Rane combined nicely to orchestrate the attacks. Taisuke picked up his second man-of-thematch award. He had won the award in the last match against Royal Wahingdoh
last week. The Mumbai FC defence was solid and left little scope for the Pune club to have a good look at their goal. Nigerian Chika Wali and Justine Stephen, both playing in the heart of the Mumbai FC defence showed good understanding with the wing backs Ashutosh Mehta and Allan Dias as they coolly warded off any threat posed by the rival attackers. Goalkeeper Nidhinlal A.C. enjoyed a relaxed day as he was hardly tested by the Bharat FC strikers.
Mumbai team showed Budget 2015: More alternatives for buying gold character: Pravin Amre Agency : Mumbai The finance minister announced two proposals in today’s budget to address India’s heavy gold imports and the resultant detrimental impact on our government’s finances. The first proposal is to allow for a gold monetization scheme where in gold deposits will be sought from charitable trusts, temples and other such institutions or individuals who have large holdings of physical gold. These will be lent forward to jewellers and other users of gold who can get access to the metal without having to buy more. Secondly, the finance minister spoke of issuing sovereign gold bonds which will be an alternative to purchasing physical gold. The scheme
details weren’t mentioned and are yet to be developed. Both the measures are aimed at lowering gold imports. India relies on imports for nearly 95% of its annual gold demand.Annually we import anywhere between 8001000 tonnes. In 2013, when India’s current account deficit peaked to 6.7% in the third quarter of FY13; curbs on gold import were announced to try and stem this imbalance. This is an attempt to bring about much needed coherence between physical assets and financial assets.
Agency : Bangalore While Mumbai might have slipped at the penultimate step of the 2014-15 season of Ranji Trophy, coach Pravin Amre feels the side, which is brimming with youngsters, can hold its head up for challenging the formidable Karnataka side even after being bowled out for their second lowest total.
Amre said there were a lot of positives to take from the semi-finals, despite that fact that they lost the game by 112 runs. "I think, that first day's 44, getting all out was not acceptable. But, overall, if you see the way we fought back, as a coach, I am very proud of the boys. Not many teams get out for 44 and come back. We could
see that there was pressure on Karnataka, even though they got 440 [445] to defend. There are so many positives - like the way Shardul [Thakur] bowled, getting eight wickets in the game. In the first innings, the toss was crucial, but we stopped them for 200 (202), which is the lowest this season for Karnataka. Even in the second innings, apart from [Abhimanyu] Mithun, no other batsman got big runs for Karnataka. I think there again, as a team, we came back very strongly. Other teams will just give away the match at that stage (after being bowled out for 44), but our boys have shown their character," said Amre in an interaction with the media after the match.
Ahmedabad
SPORTS ROUNDUP ICC WORLD CUP-2015
Cricket World Cup: Flawless India overpower UAE for third win in row
Agency : Perth India on Saturday virtually assured themselves of a quarterfinal berth in the cricket World Cup after spanking minnows UAE by nine wickets, recording their third successive win with yet another flawless display. After the bowlers led by offspinner Ravichandran Ashwin (4/25) bundled out UAE for a paltry 102 in only 31.3 overs, the batsmen made short work of the target knocking off the required runs in only 18.5 overs in a completely lopsided Pool B contest. India thus maintained their grip on the top spot in the league table with three wins from as many matches which took their points tally to six. With
three matches against West Indies, Zimbabwe and Ireland left, Dhoni and his boys, are well on course of topping the group. Shikhar Dhawan (14) started off well with three sweetly-timed boundaries before Rohan Mustafa at gully pulled off a one-handed stunner to send him back. The pacer was Mohammed Naveed. Rohit Sharma hit a fluent unbeaten 57 off 55 deliveries with the help of 10 fours and a six to notch up a significant score before the West Indies game. While runs against UAE may not be the best indicator of anyone's current form, but some of Rohit's silken strokes would certainly keep the Caribbean bowlers worried before the duel on March 6.
Two strokes that stand out were cover drives off rival captain Mohammed Tauqir's off-spin. The first was hit through extra cover and the long-off fielder failed to stop it. The second off the very next delivery was hit finer and the result was same. Even when Rohit played the pull shot, it seemed as if he was indulging in touchplay rather use sheer muscle. Virat Kohli (33 not out) had a calm day in office. Despite that he added 75 runs for the unbroken second wicket with Rohit in 12.2 overs. The winning boundary was hit by Rohit and the celebrations were predictably muted as the win against UAE was taken for granted.
World Cup 2015: Really enjoy playing in Australia, says Dhawan Agency : PERTH Shikhar Dhawan is a cool customer, while batting in the middle or answering pointed questions from the media. India's leading batsman in the World Cup so far, said on Friday there is no way the team would take the UAE team lightly. "As in any match, we have focused on our preparations and we are just going to play the game the way we have been playing," he told the media on the eve of the match at the WACA. "We're going to play with the same fighting spirit and going to keep the same intensity," he added. So what has the team done differently in the absence of
coach Duncan Fletcher, who has gone to Cape Town to attend the funeral of his fatherin-law? Dhawan replied without batting an eyelid: "Well, Duncan is our main coach and he is going to be missed. But I can
assure you we're going to do the same routine. Of course, he must have discussed everything with the support staff and we will follow the routine. We've had a few off days to relax, and now we are here for practice.
Somdev Devvarman in Kolkata Open doubles final
Agency : Kolkata Somdev Devvarman and Jeevan Nedunchezhiyan kept Indian hopes alive at the Kolkata Open by reaching the doubles final of the ATP Challenger event held at the Bengal Tennis Association (BTA)
complex on Friday. The top-ranked Indian Somdev Devvarman who won the singles title at the New Delhi Challenger last week remains in the hunt for another title this week – this time in doubles. The
Indian duo of Devvarman and Nedunchezhiyan survived some tense moments in the semis to emerge victorious in front of the home crowd. The Indians survived a scare from Ruben Bemelmans of Belgium and Ilija Bozoljac of Serbia to win by a close 7-6(9), 6-7(5), 11-9 margin. They will face the Australian duo of James Duckworth and Luke Saville, who breezed past the second seeds Ti Chen and Enrique Lopez Perez 6-2, 6-4.
www.sunvillasamachar.com
4 / Dt. 01-03-2015, Sunday
Ahmedabad
Union Budget and Gujarat: First Make In India: Alstom Vadodara makes phase of GIFT to become reality now country’s first 800kV converter transformer Correspondent, Vadodara,
Sunvilla News, Ahmedabad,
Finance MinisterArun Jaitley in his budget speech today
said that Gujarat International Financial Finance Tec City(GIFT) will become
677 trees saved from axe in Ahmedabad, Gandhinagar Sunvilla News, AHMEDABAD
The forest department in the last two years has saved 677 trees in Ahmedabad and Gandhinagar cities from being uprooted or cut. These trees were large trees and would have been cut for development projects. It is worth recalling that Ahmedabad city which most giant trees in the state. Over 50% of its trees are 'fat' with a girth of over 200 cm. Of the 43,255 trees with a girth of over 200 cm found in areas covered by eight municipal corporations in Gujarat, AMC has 22,880 such trees, which is the maximum among the cities. In reply to a question by Thakkarbapanagar MLA Vallabh Kakadiya, the
government said that it adopted a policy not to uproot huge and big trees but shift them to places where they can be conserved. The government, in its reply said that in the last two years 86 trees have been shifted to alternative places. Meanwhile in Gandhinagar city in the last two years ending on December 31, 2014, the government has saved 591 trees from being cut. The state spent Rs 3.34 crore in two years in both cities to save these trees. The state acquired a machine to transplant tress. It uses hydraulics to lift entire trees with their roots and replant them at other places without damaging them.
reality and appropriate regulations will be issued in the month of March. “While India produces finest minds including in international finance, they have very few avenues in India to fully exploit and exhibit their to the country’s advantage,” Finance Minister said while presenting budget. “GIFT in Gujarat was envisaged as an international financial
Sunvilla News, AHMEDABAD
purchase of rescue equipment and for treatment of the rescued animals. Meanwhile, to another question the government replied that 10 Asiatic lions have been transferred to zoos in various parts of the country. The government in response to Amreli MLA Paresh Dhanani said that the
Gujarat Chief Minister Anandiben Patel today flagged off India’s “First Make in India” 800 KV HVDC power transformer for Haryana at Alstom company’s Vadodara plant. The convertor transformer is part of PowerGrid’ Champa-Kurukshetra link connecting power station near Champa in central India to Kurukshetra. Rathin Basu, India and Asia
Narendra Modi’s pinstripe monogrammed suit is again in news
Correspondent, Surat, Prime Minister Narendra Modi’s pinstripe monogrammed suit that he wore during his meeting with US President Barack Obama is still in news, even after its auction. Surat based Dharmanandan Diamond owner Laljibhai Patel who won this suit in auction paid amount of bid by cheque to Clean Ganga Fund. A photograph of this cheque(attached with this
Gujarat forest department used only half its lion funds
If the figures tabled in the state assembly are to be believed, the government has spent less than 50% of the grants allocated to lion conservation in 2014-2015. The state government allocated 43.95 crore in the financial year 2014-15 for lion conservation, but the forest department has only spent Rs 21.57 crore. The state government divulged this in reply to a question by Visavadar MLA Harshad Rabadiya. The state government said the government had released 43.95% crore till January 31, 2015 but the department utilized only Rs 21.57 crore, or 49% of the funds released. However, the government has not revealed what was the grant was released and what it was used for. The officials said that the majority of funds were utilized for
centre that would actually become as good an international centre as Singapore or Dubai which incidentally are largely manned by Indians,” he further said. “The proposal has languished for years. I am glad to announce that the first phase of GIFT will now become reality. Appropriate regulations will be issued in the month of March,” Finance Minister said.
10 lions were sent to zoos for the long term conservation of Asiatic lions and to educate people on the Asiatic lion. The big cats were transferred with permission from the competent authority and as part of the zoo exchange programme. During the recent Vibrant Gujarat summit, the forest department inked an MOU to send the Asiatic lions from a zoo here to one in the Czech Republic. The Gujarat government had approved the proposal to give the lions to the Czech government. The lions to transferred will not be taken from the Gir forest but from Sakkarbaug Zoo in Junagadh.
article) was put online by a journalist. As this photo with Laljibhai’s signature was viral on social media, someone in Haryana tried to withdraw Rs. 3 crore from Laljibhai’s HDFC account by copying the signature of Laljibhai. Madhubhai Shamaldas Patel, Manager of Dharmanandan Diamond has filed complaint in Katargam police station in Surat in which he has stated that they received call from
Hissar based HDFC bank in which bank manager asked whether the company had given cheque to LRC roadways that has account number 14332000001861. Bank Manager said that Rs. 3 crore cheque had arrived for clearing. Madhubhai was shocked to hear this because the number of cheque was in company’s cheque book only and it was not issued to anyone. It is believed that a thug in Haryana saw Laljibhai’s cheque for Clean Ganga Fund in online media and used another number in that series with duplicate sign of Laljibhai. Police is investigating the matter.
President, Alstom India and South Asia said, “Over the past 100 years, Alstom has continuously invested, localised and introduced the latest technologies in India. 800 kV HVDC converter transformers mark a new milestone and demonstrate once again Alstom’s manufacturing and technological prowess.” Basu said that world’s only five nations have achieved such success. He admired Gujarat government for best infrastructure and other facilities that according to him makes Gujarat the best
destination for investors. In year 2012 Alstom had been awarded a turnkey contract worth approximately €400 million by Power Grid Corporation of India Limited, to connect Champa (State of Chhattisgarh), Central India, to Khurukshetra (State of Haryana) in Northern India, using ±800 kV 3,000 MW Ultra High Voltage Direct Current (UHVDC) technology. This advanced UHVDC system will meet the bulk power transfer requirement from Chhattisgarh region – a hub
Union Budget and Gujarat: Govt to support exhibition on Parsi
Union Budget and Guj: Push to Dholera SIR Sunvilla News, Ahmedabad,
Finance Minister Arun Jaitley today in his budget speech announced government’s support for an
Agency : New Delhi Finance Minister Shri Arun Jaitley in his budget speech today said, “I am delighted to report a good progress of DMIC corridor on the Ahmedabad – Dholera Investment region in Gujarat and another park in Aurgangabad that are now in position to start work of basic infrastructure in the current year. I have earmarked an initial sum of Rs 1200 crore and as pace of expenditure picks up I will provide additional sum.” To be created around the Delhi-Mumbai Industrial Corridor (DMIC) with financial cooperation from Japan, the project has already attracted attention.An SIR is different from an SEZ (special economic zone) —it is bigger and is not merely export-oriented; instead offers a range of services.
of Independent Power Producers of thermal power – to the load centre located in the northern region of the country, through a 1,365 km transmission line, creating an “energy highway” of clean, efficient power. Under the terms of the contract, Alstom had to deliver ±800 kV UHVDC thyristor valves, 32 converter transformers, 400/220 kV gas-and air-insulated switchgear and substation equipment, communication and supervisory control and data acquisition systems (SCADA).
exhibition on Parsi culture and civilization titled as ‘The Everlasting Flame.’ It is not clear whether it’s a permanent exhibition or
temporary one. “Further, to show-case civilization and culture of the Parsis, the Government will support, in 2015-16, an exhibition, ‘The Everlasting Flame’. The allocation for the Ministry of Minority Affairs is being protected. The BE for the year 2015-16 is Rs. 3,738 crore.” Parsis are integral part of culture and history of Gujarat as they arrived from Iran with holy fire at Gujarat coast and stayed here.
Union Budget and Gujarat:Restoration of World Heritage Site Ranki Vav
Pradeep Sharma scaled walls to flee, claims ED Sunvilla News, AHMEDABAD
Officials of the Enforcement Directorate (ED) on Friday morning tried to arrest suspended IAS officer Pradeep Sharma from a bungalow in Thaltej but failed. ED officials claim that Sharma was seen in the morning at the bungalow of a retired government official but had allegedly escaped after climbing over several boundary walls. Sources said ED officials, with the help of police, have been trying to locate Sharma since
his anticipatory bail application was rejected by the special court for prevention of money laundering act. Later when the officials conducted a search at the bungalow and everywhere in the housing society, Sharma could not be found anywhere. "There are boundary walls between six bungalows that are built in a single row. 'We suspect Sharma had escaped by climbing over the walls," said an official. Sources said the ED had reportedly learnt of
Sharma's presence at a bungalow on Thaltel-Shilaj road on Thursday night and had been watching the house since Friday morning. Directorate officials saw a car bearing a Rajkot registration number parked in the common plot of the society. "Just then a redcoloured car arrived. The driver of the car went inside the bungalow and came out with Pradeep Sharma," claimed an official. Sources said that while ED officials were waiting for the arrest
warrant to arrive, residents of the bungalow were seen asking the security guard of the society about the car in which the ED officials had come. As soon as the directorate officials got the arrest warrant, they rushed inside the bungalow to arrest Sharma. "We searched the whole bungalow and also some adjoining bungalows but could not find Sharma. We suspect he had got away by jumping over the boundary walls," said a source in ED.
Agency : New Delhi Facilities at Cultural World Heritage Sites are to be Restored: Arun Jaitley The Union Finance Minister Shri Arun Jaitley has said that the facilities at India’s 25 Cultural World Heritage Sites are still deficient and require restoration. While presenting the General Budget 2015-16 in the Parliament today, the Finance Minister Shri Jaitley has stated that the facilities like landscaping
restoration, signage and interpretation centres, parking, access for differently abled, amenities for visitors including securities and toilets, illumination and plans for benefiting communities around them would be restored. The Union Finance Minister Shri Jaitley has proposed to provide resources to start work along these lines for the following Heritage Sites: 1. Churches & Convents of
Old Goa, 2. Hampi, Karnataka, 3. Kumbalgarh and other Hill Forts of Rajasthan, 4. Rani ki Vav, Patan, Gujarat, 5. Leh Palace, Ladakh, J&K, 6. Varanasi Temple town, UP, 7. Jalianwala bagh, Amritsar, Punjab, 8. Qutub Shahi Tombs, Hyderabad, Telangana Shri Jaitley proposed to extend the Visas on arrival facility to 150 countries, in stages, after the success of the same issued to travelers of 43 countries.
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