Tuesday 31 July 2012
Monday 30 July 2012
Oriental Bank of Commerce – Q1 Financial Results
FINANCIAL RESULTS FOR Q1 OF FY-2012-13
Amt. (YoY Growth)
Business Mix Rs. 2,72,100 crore (12.06%)
Deposits Rs. 1,58,200 crore ( 9.41%)
Core Deposits Rs. 1,16,200 crore (19.61%)
Advances Rs. 1,13,900 crore (15.97%)
Net Profit Rs. 391.42 crore (10.35%)
CD RATIO AT 72.21%
GROSS NPA AT 2.97%
NET NPA AT 2.05%
Performance Highlights for the First Quarter of FY 2012-13
Ø Yield on Advances increased by 76 bps (Q1 to Q1) to reach 12.38% from 11.62%.
Ø Interest Income increased by 19.20% (Q1 to Q1).
Ø Non Interest Income increased by 26.11% (Q1 to Q1) mainly due to recovery of Rs. 196.73 crore in Technical Write Off Accounts.
Ø Net Interest Margin (NIM) stood at 2.79% (Sequential Increase of 11 bps over Q4 of FY 2011-12).
Ø CRAR of the Bank is at 12.29% under BASEL-II (Tier-I Capital: 9.92%; Tier –II Capital: 2.37%).
Ø Bulk Deposits reduced from Rs. 47,180 crore to Rs. 41,478 crore showing a reduction of 12.08%.
Ø Provision Coverage Ratio has improved to 64.42%.
Ø Total Delivery Channels: 3100 (1808 Branches/ECs plus 1292 ATMs).
PROFIT
Ø Net Profit of the Bank stood at Rs. 391.42 crore for Q1 of FY 2012-13 as compared to a profit of Rs. 354.70 crore for Q1 of FY 2011-12, showing an increase of Rs. 36.72 crore and 10.35% (YoY).
Ø Operating Profit of the Bank stood at Rs. 896.54crore for Q1 of FY 2012-13 as compared to a profit of Rs. 801.37 crore for Q1 of FY 2011-12 showing an increase of Rs. 95.17 crore and 11.88% (YoY).
BUSINESS
Ø Total Business of the Bank increased to Rs.2,72,048 crore as on 30th June, 2012 from Rs. 2,42,770 crore as on 30th June, 2011, registering a YoY growth of 12.06 %.
Ø Total Deposits increased to Rs. 1,58,152 crore as on 30th June, 2012 from Rs. 1,44,554crore as on 30th June, 2011, registering a YoY growth of 9.41%.
Ø Core Deposits increased to Rs. 1,16,247 crore as on 30th June, 2012 from Rs. 97,192crore as on 30th June, 2011, registering a YoY growth of 19.61%.
Ø Retail Term Deposits increasedto Rs. 52,012 crore as on 30th June, 2012 from Rs. 40,614crore as on 30th June, 2011, registering a YoY growth of 28.06%.
Ø Advances of the Bank increased to Rs. 1,13,896 crore as on 30th June, 2012 from Rs. 98,216 crore as on 30th June, 2011, registering a YoY growth of 15.97%.
Ø CASA Deposit increased by Rs. 4235 crore to Rs. 37,990 crore as on 30th June, 2012 from Rs. 33,755 crore as on 30th June, 2011, registering a YoY growth of 12.55% .
Ø CASA Deposits to Total Deposits at 24.02%.
Ø Credit Deposit Ratio at 72.21%.
INCOME
Ø Total Income during Q1 of FY 2012-13 increased by 19.77% to Rs. 4696 crore from Rs. 3920 crore in Q1 of FY 2011-12 due to healthy growth of 19.20 % in Interest Income which reached Rs. 4287 crore and 26.11% growth in Non Interest Income.
Ø Non Interest Income during Q1 of FY 2012-13 increased by 26.11% to Rs. 408 crore from Rs. 324 crore in Q1 of FY 2011-12 mainly due to recovery of Rs. 196.73 crore in Technical Write Off Accounts.
Ø Net Interest Income during Q1 of FY 2012-13 increased by 10.56% to Rs. 1126 crore from Rs.1018 crore in Q1 of FY 2011-12.
IMPORTANT RATIOS
Ø Gross NPA ratio stands at 2.97% as at 30th June, 2012 and Net NPA ratio at 2.05%.
Ø Provision Coverage Ratio at 64.42%.
Ø Net Interest Margin (NIM) at 2.79% (Sequential Increase of 11 bps over Q4 of FY 2011-12) .
Ø Return on Assets (RoA) at 0.87 %.
Ø Cost of Deposit is at 7.98% for Q1 ofFY 2012-13.
Ø Yield on Advances is at 12.38% for Q1 ofFY 2012-13.
Ø Cost to Income Ratio is at 41.57%.
Ø Book Value Per Share at Rs. 377.24 as on 30th June, 2012 as against Rs. 337.93 as on 30th June,2011.
Ø CRAR of the Bank is at 12.29% under BASEL-II (Tier-I Capital: 9.92%; Tier –II Capital: 2.37%).
Ø Business per Branch increased to Rs. 151.64 crore from Rs. 147.67 crore registering a growth of 2.69 % (YoY).
Ø Business per Employee stood at Rs. 14.72 crore.
DELIVERY CHANNELS
Ø Bank’s Branch Network stood at 1794 Branches besides 14 Extension Counters.
Ø 17 Branches opened and 5 Extension Counters upgraded by the Bank during Q1 of FY-2012-13.
Ø Bank Installed 22 New ATMs during Q1 of FY-2012-13. The total number of ATMs as on 30th June, 2012 stood at 1292 (including 09 Mobile ATMs, 333 offsite ATMs and 06 Biometric ATMs).
Ø ATM Coverage isat 72% vis-à-vis Branch Network.
Ø Over 1 lac ATM Cards were issued during the quarter taking the total ATM customer base to 33.72 lac.
Ø 4.70 lac internet banking users and 27.51 lac customers availing SMS facility.
Ø 82.42% of eligible cash transactions happening through ATMs.
RETAIL CREDIT
Ø Retail loans at Rs. 11,872 crore constituted 10.42% of Total Advances and grew by 16.98 %(YoY).
o Vehicle Loan Portfolio grew by 29.21% (YoY) to reach Rs. 1230 crore as on 30th June, 2012 from Rs. 952 crore as on 30th June, 2011.
o Education loan Portfolio grew by 4.79% (YoY) to reach Rs. 1173 crore as on30th June, 2012 from Rs. 1120 crore as on30th June, 2011.
o Direct Housing Loan Portfolio grew by 19.36% (YoY) to reach Rs. 5481 crore as on 30th June, 2012 from Rs. 4592 crore as on 30th June, 2011 .
PRIORITY SECTOR
Ø PS Advances grew by 10.35% (YoY) to Rs. 40,244 crore as on 30th June, 2012 from Rs. 36,469 crore as on 30th June, 2011.
o Agricultural advances grew by 11.91% (YoY) to Rs. 15,010 crore as on 30th June, 2012 from Rs. 13,412 crore as on 30th June, 2011.
o Bank issued 24,198 Kisan Credit Cards (KCCs) during the Quarter ended 30th June, 2012 with an amount of Rs. 550 crore. Total number of KCCs as on 30th June, 2012 was 4,32,242 KCCs with an amount of Rs. 9007 crore.
MICRO,SMALL & MEDIUM ENTERPRISES
Ø Number of MSE (Micro & Small Enterprises) Accounts increased to 1,83,996 from 1,69,137and Bank’s Fund Based exposure under MSE to Rs. 17,900 crore from Rs.15,886 crore thereby registering a growth of Rs. 2014 crore i.e. an increase of 12.68% (YoY).
Ø Number of MSME (Micro, Small & Medium Enterprises) Accounts increased to 1,85,963 from 1,70,142 and Bank’s Fund Based exposure under MSME to Rs. 20,288 crore from Rs. 17,716 crore thereby registering a growth of Rs. 2572 crore i.e. an increase of 14.52 % (YoY).
Ø During Q1 of FY 2012-13, 4896 MSE Accounts with an amount of Rs. 343 crore & 4951 MSME accounts with an amount of Rs. 370 crore were opened.
Ø 17 MSME Specialised Branches and 51 MSME focused Branches were functional as on 30th June, 2012.
FINANCIAL INCLUSION
Ø 1,09,183 NO FRILLS Accounts were opened during Q1 of FY 2012-13 taking the total number of NO FRILLS Accounts to 22,44,482 as on 30th June, 2012 with an outstanding balance of Rs. 426.29 crore.
Ø 569 Villages have been allotted to the Bank with population of more than 2000 and all of them were already covered during the last Financial Year itself.
Ø 4,89,522 No Frill/ Other Savings Accounts have been opened in 569 covered villages up to 30th June, 2012 covering 3,35,038 households.
Ø 2,16,997 Biometric Cards have been issued in FIP allotted villages and 4,51,030 transactions have been done through the same.
Ø A campaign was launched on 16.05.2012 to ensure at least one bank account of each household in 569 villages allotted to the Bank under Financial Inclusion Plan. Under the campaign, a structured survey of all households in villages allotted under FIP was carried to identify all households without a bank account. Simultaneously, accounts have been opened preferably in the name of head of the family during the survey. Under the campaign, a total number of 30,486 new accounts were opened completing coverage of 100% households in 569 FIP allotted villages.
HR INITIATIVES
Ø Bank recruited 187 personnel including 20 Specialist Officers during Q1 of FY-2012-13.
Ø The process for recruitment of 325 Probationary Officers and 100 Agriculture Officers is under process.
Ø 808 Employees promoted during the quarter ended 30th June,2012.
NEW INITIATIVES
Ø Bank came out with Attractive Features in Oriental Home Loan & Oriental Vehicle Loan Schemes with reduction in Rate of Interest, Lowest EMI, Higher Loan Eligibility, Flexible Repayment Period and special concessions in interest rate to loyal customers.
Ø Leading initiative was taken by the Bank in waiving the NEFT Charges on transactions up to Rs. One Lac. This initiative of the Bank was also appreciated by Shri Pranab Mukherjee, the then Hon’ble Finance Minister during his meeting with the Chief Executives of Public Sector Banks and Financial Institutions on 12.06.2012.
Ø The Bank has recently launched ORIENTAL DOUBLE DEPOSIT SCHEME where as per the existing interest rates the money gets doubled in 90 Months (Senior Citizens) and in 96 Months (Others).
Ø An MoU was signed on 18th June,2012 with E-Billing Solutions Pvt. Ltd (EBS) for offering aggregator services. EBS is a neutral payment gateway solution for merchants to facilitate online shopping across a spectrum of banks debit & credit cards and Utility Bill Service provider’s viz. IndiaIdeas.com Ltd (BillDesk), Techprocess Ltd, CCAvenue, and IRCTC thereby facilitating Net Banking customers to make online payments.
IT INITIATIVES
Ø Unclaimed Deposits / Inoperative Accounts displayed at Bank’s website in compliance with RBI Guidelines.
Ø Loan EMI Payment – The new functionality will enable our retail Net-Banking customer to make online payment of their Loan EMI installments.
Ø Payment gateway to Haryana Urban Development Authority (HUDA) and SGSITS Indore.
Ø Online CBS Connectivity through Laptops at Mobile Branches & Ultra Small Branches.
Ø Implementation of Centralized MIS project.
Ø SMS alert for customers for SMA/NPA Accounts.
Ø M/S STQC, a wing of Ministry of Information Technology has renewed “ISO27001” certification. It confirms that our Bank is adopting international best practices for processes and security framework for Data Centres.
Ø At Mewat District field test has been successfully completed for inter-operability of Smart Cards for Financial Inclusion.
CSR INITIATIVES
Ø As a part of its Corporate Social Responsibility, the Bank has set up a Trust in the name of ‘OBC Rural Development Trust’ on 09.12.2005 for setting up of Rural Self Employment Training Institutes (RSETIs). The Trust has set up Institutes in five Districts, viz., Jaipur, Sriganganagar, Ferozepur, Dehradun and Palwal. Since inception, a total of 793 training programmes have been conducted benefiting 27,285 candidates. During the Financial Year 2012-13, 40 training programmes have been conducted benefiting 1,437 candidates.
Ø The Bank has opened 4 Financial Literacy & Credit Counselling (FLCC) Centres in Karnal and Palwal districts of Haryana, Sriganganagar in Rajasthan & Ferozpur in Punjab. A total of 14,635 persons were counselled in these FLCCs, out of which 91 cases were referred for debt restructuring.
Ø A Project for extending social welfare schemes such as NREGA, Pension, etc. has been launched in 6 Districts viz. Sriganganagar and Hanumangarh in Rajasthan, Amritsar, Gurdaspur and Muktsar in Punjab and Jind in Haryana. A total number of 2,75,766 smart cards have been issued and activated up to 30th June, 2012.
Ø A Skill Development Program for probable women entrepreneurs on tailoring & embroidery has started in FIP village Marora, District Mewat, Haryana. Initially, 40 women are undergoing training for a period of 30 days.
Ø Installation of 8 solar lights in Village Rasoolpur Jatan, District Muzaffarnagar, UP and construction of toilets at Primary School.
Ø Tri-cycle was provided to a physically challenged student of primary school, FIP village Kasmandi Kalan, Block Malihabad, District Lucknow. Ceiling fans were provided to Panchayat Bhawan and Primary School in that village.
Posted 1 minute ago by Nksagar
CCI imposes penalty of Rs.397.51Cr on M/s Shree Cement Limited
CCI issues order against cement manufacturers, imposes penalty of Rs.397.51 crores on M/s Shree Cement Limited The Competition Commission of India passed its final order today in a restrictive trade practice inquiry against cement manufacturers and their trade association viz. Cement Manufacturers Association (CMA). The Commission in its order issued today found eleven cement manufacturers including M/s Shree Cement Limited and CMA in contravention of the provisions of the Competition Act, 2002 which deal with anti-competitive agreements including cartels. As the cement companies(except M/s Shree Cement Limited) were already found to be in cartel in Case No. 29 of 2010 and penalized by the Commission vide its order dated 20.06.2012, the Commission decided not to order remedies including imposition of penalty on such companies again for the same period of contravention.The inquiry was based on a case received on transfer from the Office of the Director General (Investigation & Registration) of the erstwhile Monopolies and Restrictive Trade Practices Commission under section 66(6) of the Competition Act, 2002. The MRTP Commission had initiated the investigations on the basis of press reports published in a business daily as well as on a letter of Builders Association of India.
The Commission directed M/s Shree Cement Limited to cease and desist from indulging in any activity relating to agreement, understanding or arrangement on prices, production and supply of cement in the market. The Commission has also imposed a penalty on M/s Shree Cement Ltd. at the rate of 0.5 times of its profits for the years 2009-10 and 2010-11 aggregating to Rs.397.51 corers.
The order of Commission has been passed in RTPE No.52 of 2006 and a copy of the order has been uploaded on the website of CCI at www.cci.gov.in
Supreme Court
Upholds Basel Convention but allows hazardous US Ship Exxon Valdez
Parliamentary Committees Intervention Will Be Sought To Stop Hazardous Waste Dumping ࠼br>
Hazardous
Waste Rules need to be revised for compliance with Conventionࠠ࠼br>
New Delhi 30/7/2012: The Bench of Supreme Court,
Justice Altamas Kabir and Justice J. Chelameshwar, upheld UNⳠBasel Convention
on the Control of Transboundary Movements of Hazardous Wastes and Their
Disposal but allowed the end of life ex US Ship Exxon Valdez (MV Oriental N) at
Alang beach, Bhavnagar, Gujarat.
The implication of this direction would be that all
the ships which are have entered or are entering the Indian territorial waters
have to show compliance of Basel Convention. In case there is non compliance, all
these ships should go back to country of origin.
The Applicant in the case, Gopal Krishna commented, ㅸxon
Valdez did not follow the Basel Convention and therefore according to the
judgment dated 06.07.2012 it should have been sent back to the country of
export. The Court ought to have applied Precautionary Principle not for the
purpose of dismantling the ship but for sending it back because the principle
implies that the pollution of hazardous nature has to be avoided particularly
when its impact on environment and human health are not known.伳pan style> A
copy of the Basel Convention and its Technical Guidelines is attached. ༯span>
ࠠࠠࠠࠠࠠ In
fact the Bench asserted in this order what they have said in their final
judgment dated 06.07.2012 namely that all Ships coming for dismantling have to
follow Basel Convention and if there is any violation, action should be taken
according to the Municipal Laws.
The main concern of the Applicant was that ships like
Exxon Valdez are End of Life ships and the entire ship itself is hazardous
waste which are regulated under Basel Convention as it is embedded with
asbestos waste, cables containing PCT, heavy metals, paint chips etc. the
argument was not that the Ship contains any hazardous waste in loose form. None
of the above mentioned authorities had given any inventory to the court about
hazardous waste contained in the body of the Ship.
The arguments which were advanced by ApplicantⳊadvocate Mr. Sanjay Parikh regarding following Basel Convention namely, that
there should be prior decontamination by the country of Export and prior
permission by the country of Import before Ship enter the Indian territorial
waters. These have been recorded in the judgment. ༯span>
It is noteworthy that Basel Convention is related to
the control of Trans-boundary movements of hazardous waste and their disposal.
Article 1, Article 2, paragraph 1 and 4 and Annex IV, paragraph B of the said
Convention are relevant. Ships destined for ship-breaking operations are within
the definition of "wastes" as defined by the Basel Convention. The
Convention defines "wastes" as: "substances or objects which are
disposed of or are intended to be disposed of or are required to be disposed of
by the provisions of national law" (Article 2, paragraph 1.).
The term
"disposal" is further defined to mean "any operation specified
in Annex IV to this Convention" (Article 2, paragraph 4). Annex IV
includes final disposal operations and operations which lead to recovery,
recycling, reclamation, direct re-use or alternative uses. Under Annex IV,
paragraph B., ships destined for ship-breaking will, in fact, fall within the
entry: "R4 Recycling/reclamation of metals and metal compounds".
Notably, ships destined for ship-breaking operations
are "hazardous wastes" under the Convention.
Article 1 of the
Convention determines the scope of the Convention and defines "hazardous
wastes". The definition of "hazardous wastes" includes, inter
alia, "wastes that belong to any category contained in Annex I, unless
they do not possess any of the characteristics contained in Annex III".
Ships destined for ship-breaking typically contain, inter alia, the following
Annex I hazardous substances to an extent that they do constitute hazardous
wastes:
-Y9 Waste oils/water, hydrocarbons/water mixtures,
emulsions;
-Y10 Waste substances and articles containing or
contaminated with polychlorinated biphenyls(PCBs) and/or polychlorinated
terphenyls (PCTs) and/or polybrominated biphenyls (PBBs);
-and a host of Y19 to Y45 constituents such as Y23
Zinc compounds, Y26 Cadmium; cadmium compounds, Y31 Lead; lead compounds, Y36
Asbestos (dust and fibers).The Parties to the Basel Convention further
supplemented Annex I and III by elaborating specific wastes as hazardous wastes
and including such wastes in Annex VIII. Annex VIII contains many entries of
specific wastes which are contained in ships destined for ship-breaking.
i.ࠠࠠࠠࠠ࠼/span>The
ship-breaking operations in non-OECD countries like India do not constitute
environmentally sound management as required by the Convention. Ships destined
for ship-breaking contain significant quantities of asbestos, PCBs, hydraulic
fluids, paints containing lead and/or other heavy metals, tributyltin or TBT
antifouling coatings, contaminated holding tanks, and other substances
rendering them hazardous waste and extremely dangerous to human health and the
environment when scrapped in the existing ship-breaking yards.
ii.ࠠࠠࠠࠠ In
addition, Article 4, paragraph 3 requires the Parties to "consider that
illegal traffic in hazardous wastes or other wastes is criminal."Article
4, paragraph 4 requires that "Each Party shall take appropriate legal,
administrative and other measures to implement and enforce the provisions of
this Convention, including measures to prevent and punish conduct in
contravention of the Convention."Therefore, each Party has a legal
obligation to prohibit such ship exports and must do so with respect to all
persons ("any natural or legal person" - Article 2, paragraph 14)
subject to its jurisdiction, e.g., exporters, importers, brokers, owners, those
persons in possession and/or control of the ship, captains, etc.
iii.ࠠࠠࠠࠠIn
order to export a ship for ship-breaking, there is a legal requirement to
decontaminate it such that it no longer contains Basel Convention hazardous
substances prior to export.
iv.ࠠࠠࠠ࠼/span>Among
other things, what is emphasized in the Convention is prior informed consent
and the disposal of waste in an environmentally sound manner. India has signed
and ratified the said convention, in the order dated 14.10.2003- (2005)10 SCC
510 it has been observed that the Basel Convention is a part of Article 21 of
the Constitution.
v. Basel
Technical Guidelines under the Basel Convention on Ship dismantling read as
follows:
㔲ansboundary movements of hazardous wastes or other
wastes can take place only upon prior written notification by the state of
export to the competent authorities of the states of import and transit.伳pan style>
vi. ༯span>The Basel
Convention Technical Guidelines specifically points out: Ballast water which is
fresh, brackish or marine water that has intentionally been brought on board a
ship in order to adjust the shipⳠstability and trim characteristics in
accordance with various operating conditions 㭡y contain pollutants, such as
residual fuel, cargo hold residues, biocides, oil and grease, petroleum
hydrocarbons, and metals (e.g. iron, copper, chromium, nickel, and zinc).
Ballast water in cargo tanks (oil) is referred to as dirty ballast water. The
transport of large volumes of water containing organisms from shallow, coastal
waters across natural oceanic barriers can cause massive invasions of neritic
marine organisms. Because ballast water is usually taken from bays and
estuaries with water rich in animal and plant life, most ships carry a diverse
assemblage of aquatic organisms. Aggregate sediments typically found in ballast
tanks will contain living species which reflect the trade history of the
vessel.䠼/span>
It further adds: ᔨe arrival condition of the
dismantling candidate is most likely that of 㩮 ballast䮠The discharge of
ballast water/ sediment species into the coastal sea-area may be a potential
source for introducing unwanted organisms which threaten the ecological balance
in the surrounding seas and thereby represent a direct threat to biodiversity.
Ballast water can be the carrier of viruses and bacteria transferred to humans
causing epidemics. In order to limit the biological threat represented by the
introduction of invasive species via ballast water, the vessel should undergo
recommended de-ballasting.ࠠࠠࠠࠠ
In view of the July 30 and July 6, 2012 judgments of
the Court, Union Ministry of Environment & Forests will have to revise its
Hazardous Rules to become complaint with the CourtⳠorder and Basel Convention.
༯span>
The
Applicant will approach the relevant Parliamentary
Committees to seek their intervention because CourtⳠorder and
international
law is being violated through subordinate legislations and through
creating a fait accompli situation like in the case of end of life ships
like Riky, Blue Lady, Platinum II and now Exxon Valdez to facilitate
hazardous waste dumping. ༯span>
A separate application is being filed in the larger matter
of hazardous waste management in the country to ensure compliance with CourtⳠdirections
of the October 14, 2003 order and the recommendations of the Supreme Court
Monitoring Committee on Hazardous Wastes.࠼span style>Bangaldesh
Supreme Court order had taken cognisance of the hazardous materials on
ship and has reproduced its diagram both are attached.
For Details: Gopal Krishna, ToxicsWatch
Alliance (TWA), 9818089660, E-mail:krishna1715@gmail.com,
Web:toxicswatch.blogpsot.com
: Anna begins indefinite fast at Jantar Mantar
On Day 5 of the indefinite fast, Anna Hazareji joined Arvind Kejriwal, Manish Sisodia, Gopal Rai and 400 anshankaris at Jantar Mantar. Supporters turned out in hordes at Jantar Mantar - according to estimates, the footfall at Jantar Mantar touched 1.5 lakh today.
In the evening, another 50,000 people assembled at India Gate circle and walked towards Jantar Mantar with a candle in their hand in support of Annaji. Prashant Bhushan led the rally.
In the morning, Anna ji released Swaraj book written by Arvind Kejriwal written today. Anna Hazareji said that people should read Swaraj and decide for themselves whether it is the government which has drifted apart from the path or the IAC movement. He said that a true democracy is one in which people make decisions and not politicians or bureaucrats. This is the true meaning of Swaraj.
He explained to the people that Gram Sabha was supreme. Its members - those who attain 18 years of age in a village - are the ones who elect MPs and MLAs and send them to Legislative Assembly, Lok Sabha and Rajya Sabha. He explained that Gram Sabha are 'Swayambhu' or self sustainent.
Arvind Kejriwal while releasing the book Swaraj and said, “I would like to thank Vinod Mehta, Yogendra Yadav and Harper Collins. For this book, I travelled for two years and met people and tried to understand their problems. I travelled to Ralegan, Hiwre Bazaar, Kutambakam and to a tribal village called Lekha Medha. I met the sarpanches there. These villages earlier were in a very bad state and poverty stricken. But after these sarpanches took charge, they just did one thing which was different. They took all decisions in an open gram sabha meeting. Today, all these villages have become model villages."
He said, a similar practice of mohalla sabhas should be started in the cities as well.
Recalling his stint in Income Tax department he said, "When I was with the IT department, we had conducted a raid on a Japanese company. The CEO who was a Japanese warned us said that if he wished he could get any law passed in our Parliament and could get us transferred. A few days after that a senior officer was transferred. Then I had thought that maybe he had the power to get us transferred but was bluffing about the getting any law passed issue. My worst fears came true when during the voting for Nuclear Bill, some MPs waived bundles of cash in Parliament."
He said, "we conducted referendum in many areas and found that 90 per cent people wanted Jan Lokpal Bill. Despite that for one-and-a-half years we have been fighting for it and nothing has happened."
He concluded his speech with an appeal to all students to take leave for a week and come out on to the streets for just one week.
Kiranji addressed the crowd in the afternoon and explained the need to make CBI independent. Prashant Bhushan spoke on the charges against Sharad Pawar, SM Krishna and Kamal Nath. Prashant Bhushan said he was not surprised by the large number of supporters since he knew people would rise up in support of the movement and that the right-thinking people want to save the country from the massive corruption, anarchy and chaos it is currently in.
While
the anshankaris might have seen a fall in health, there is no depletion
in their spirit. Despite forgoing food for 5 days, Arvind Kejriwal,
Manish Sisodia and Gopal Rai are showing every sign of seeing this fast
through till as long as it takes. Their vitals in the evening were:
Annaji: Pulse - 78, BP-160/102, Sugar-104
Arvind Kejriwal: Pulse-80, BP-110/67, Sugar-75, Ketone-4+
Manish Sisodia: Pulse-84, BP-130/81, Sugar-75, Ketone-4+
Gopal Rai - Pulse-76, BP-120/73, Sugar-88, Ketone-5+
Amongst the 400 anshankaris who are on the indefinite hunger strike, 11 had to be taken to hospital due to ill health. 90-yr-old Maniram was in high spirits though, and thanked Anna Hazareji for uniting people – even while he showed signs of weakness and had to be shifted to hospital. A 60-member medical team is constantly monitoring the health of al anshankaris. However, the callousness of the govt was marked by an absence of oxygen cylinders in the Delhi police ambulances which were transferring patients to Ram Manohar Lohia government hospital.
The donation collected was released in the evening. The collection for first 4 days was approximately Rs 12 lakhs.
The anshan carried on across the country as well.
In Chennai, more than 100 protestors sat peacefully in front of Chidambaram's house. They were man-handled and detained. They were released by evening only.
Many roads of Mumbai were also choked by IAC supporters. Marine Drive was congested by protestors who had come out in droves to support the movement. A massive Car rally was organised today which was flagged off by Anupam Kher.
In Hyderabad, one volunteer (G Venkateshwar Rao, 65) who has become very weak was taken away by the police. Presently 5 volunteers are on Ankshan since the past five days.
In Ujjain, last night 2 anshankaris were brutally hit by unknown people and their tent was completely destroyed. They filed an FIR later in the day.
Agra saw large attendance as well, attended by children and adults. A rally of schoolchildren in support of the July Kranti and indefinite fast took place in Ajmer from Gandhi Bhawan till Collectorate Ajmer.
In Bhiwani, women came out in full support of the andolan and gathered at Nehru Park, Ghanta Ghar in large numbers.
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Sunday 29 July 2012
Indians winning Olympic medal to get Rs 50 lakh from Milagrow
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"Milagrow
will gift more than Rs 50 Lakh to Olympics Medal Winners with Launch of
Special Edition TabTop PCs and Domestic Robots in their names,"
Milagrow Business and Knowledge Solutions' Founder and CEO, Rajeev
Karwal, told.
He added in case of a team winning a medal, the amount will be evenly distributed among players in the team.
Milagrow
will launch special edition of tablet personal computers and domestic
robots to honour medal winners in Olympics 2012 and five per cent of the
sales proceeds from these models will be given to the medal winners.
"In
such a scenario, we expect to easily sell more than 10,000 Tab Tops and
Domestic Robots named after the players at minimum price of Rs 10,000
each. This at 5 per cent would net the player an income of over Rs 50
lakh over the product life-cycle," Karwal said.
Milagrow
will launch these special edition products within six months after
consultation with the athletes or nominated members from the team and
from the sale receipts of each model it will give 5 per cent to the
athlete or the team on a monthly basis, till the model sells.
Karwal
expects to achieve target sales of Rs 10 crore from each individual
model of special edition within an year of launching products.
In
addition to this, Milagrow has also announced a cash award of Rs 1 lakh
for each individual gold medal winner, Rs 75,000 for silver medal
winner and Rs 50,000 for bronze medal winner.
India beats China in export growth rate: WTO
India has overtaken China in exports growth rate recording an increase of 16.1 per cent in 2011, topping the list of all major trading countries in the world. The WTO Report 2012 said, India had the fastest export growth among major traders in 2011.
China had the second-fastest export growth of any major economy at 9.3 per cent. According to experts, the Indian government's and exporters' endeavour of diversification of export markets have benefitted the country's shipments.
According to the Director of the Indian Institute of Foreign Trade Mr. K T Chaco, mainly the diversification of markets to West Asian countries, South East Asia and China have yielded good results for Indian exports. Federation of Indian Export Organisations President Rafeeq Ahmed also said market and product diversification strategy have yielded positive results.
China had the second-fastest export growth of any major economy at 9.3 per cent. According to experts, the Indian government's and exporters' endeavour of diversification of export markets have benefitted the country's shipments.
According to the Director of the Indian Institute of Foreign Trade Mr. K T Chaco, mainly the diversification of markets to West Asian countries, South East Asia and China have yielded good results for Indian exports. Federation of Indian Export Organisations President Rafeeq Ahmed also said market and product diversification strategy have yielded positive results.
12th Osian's-Cinefan Festival of Indian, Asian and Arab Cinema
12th Osian's-Cinefan Festival of Indian, Asian and Arab Cinema
The 12th Osian's-Cinefan Film Festival of
Indian, Asian and Arab will be held in collaboration with the Government
of NCT of Delhi from 27th July 27 to 5th August 2012 at the Siri Fort
Complex and Osianama and Blue Frog at The Kila, New Delhi. In its 12th year Osian's-Cinefan has finally chosen the turtle as its future symbol for a number of reasons, one key reason being that Delhi stands on the River Yamuna and the turtle happens to be her vahana (spiritual vehicle). Turtles also represent longevity and wisdom.
The exciting and eclectic programme will showcase the best of Asian, Arab and Indian Cinema, all within an all-embracing framework which focuses on our freedom of creative expression and thought. First Features and Short films will be given special platforms. The art of creating Animation films will be intensively discussed and the ingenuous works will be presented for both the young and old. Our new '7.4' section on Environment films will be a precursor of a summit on natural and manmade heritage. The countries like China, Estonia, Indonesia, Iran, Israel, Japan, Philippines, South Korea, Taiwan, Thailand, Turkey, Morocco and Algeria are set to be screened at the festival.
09:30 | 29.07.2012
Screening
|
Death For Sale |
Siri Fort 1
|
19:15 | 29.07.2012
Screening
|
Baby Factory |
Siri Fort 4
|
16:45 | 29.07.2012
Screening
|
Palas In Bloom |
Siri Fort 4
|
16:15 | 29.07.2012
Screening
|
The Orange Suit |
Siri Fort 1
|
21:45 | 29.07.2012
Screening
|
Three And A Half |
Siri Fort 4
|
16:30 | 29.07.2012
Screening
|
Café Regular, Cairo |
Siri Fort 3
|
13:30 | 29.07.2012
Screening
|
Cosmic Sex |
Siri Fort 1
|
10:00 | 29.07.2012
Screening
|
Drapchi |
Siri Fort 2
|
16:30 | 29.07.2012
Screening
|
Kore |
Siri Fort 3
|
10:30 | 29.07.2012
Screening
|
Man Arising From The Surface |
Siri Fort 4
|
11:00 | 29.07.2012
Screening
|
Youth H2: Hyper Villain |
blueFROG
|
14:00 | 29.07.2012
Screening
|
Are We Really So Far From The Madhouse? |
blueFROG
|
22:00 | 29.07.2012
Screening
|
Salò, Or The 120 Days Of Sodom |
Siri Fort 3
|
16:30 | 29.07.2012
Screening
|
What's For Dinner? |
Siri Fort 3
|
21:45 | 29.07.2012
Screening
|
Underwater Love: A Pink Musical |
Siri Fort 1
|
19:15 | 29.07.2012
Screening
|
As The River Flows |
Siri Fort 3
|
16:30 | 29.07.2012
Screening
|
Four Walls Sarajevo |
Siri Fort 3
|
16:30 | 29.07.2012
Screening
|
The Hemingway's Pen |
Siri Fort 3
|
14:15 | 29.07.2012
Screening
|
The Miscreants |
Siri Fort 4
|
16:30 | 29.07.2012
Screening
|
Short Films Programme 1 |
Siri Fort 3
|
13:45 | 29.07.2012
Screening
|
Sentimental Animal |
Siri Fort 3
|
19:00 | 29.07.2012
Screening
|
Tatsumi |
Siri Fort 1
|
22:00 | 29.07.2012
Screening
|
Roadside Fugitive |
Siri Fort 2
|
16:30 | 29.07.2012
Screening
|
Modern Family |
Siri Fort 3
|
19:15 | 30.07.2012
Screening
|
A Man Of Honor |
Siri Fort 3
|
14:15 | 30.07.2012
Screening
|
Here, There |
Siri Fort 4
|
16:30 | 30.07.2012
Screening
|
Milocrorze: A Love Story |
Siri Fort 2
|
16:15 | 30.07.2012
Screening
|
UFO In Her Eyes |
Siri Fort 1
|
13:45 | 30.07.2012
Screening
|
Ex Press |
Siri Fort 3
|
21:45 | 30.07.2012
Screening
|
The Rabbi's Cat |
Siri Fort 1
|
20:25 | 30.07.2012
Screening
|
Latest Pearls of Estonian Animation |
Siri Fort 2
|
11:00 | 30.07.2012
Screening
|
The Parasite Doctor Suzune: Genesis |
blueFROG
|
16:30 | 30.07.2012
Screening
|
Meherjaan |
Siri Fort 3
|
14:00 | 30.07.2012
Screening
|
The Parasite Doctor Suzune: Evolution |
blueFROG
|
09:30 | 30.07.2012
Screening
|
Waves |
Siri Fort 1
|
10:00 | 30.07.2012
Screening
|
Mumbai Diaries |
Siri Fort 2
|
19:15 | 30.07.2012
Screening
|
Mani Kaul Programme 2 |
Siri Fort 4
|
22:00 | 30.07.2012
Screening
|
El Gusto |
Siri Fort 2
|
19:00 | 30.07.2012
Screening
|
10+10 Omnibus |
Siri Fort 1
|
10:30 | 30.07.2012
Screening
|
Consuming Spirits |
Siri Fort 4
|
16:45 | 30.07.2012
Screening
|
Lament For Foresight |
Siri Fort 4
|
22:00 | 30.07.2012
Screening
|
Romance Joe |
Siri Fort 3
|
13:30 | 30.07.2012
Screening
|
Forever |
Siri Fort 1
|
19:15 | 30.07.2012
Screening
|
Contempopary Classics Of Estonian Animation |
Siri Fort 2
|
11:00 | 31.07.2012
Screening
|
Death For Sale |
Siri Fort 1
|
16:30 | 31.07.2012
Screening
|
The Stagnant |
Siri Fort 2
|
19:15 | 31.07.2012
Screening
|
Patang |
Siri Fort 2
|
09:30 | 31.07.2012
Screening
|
The Orange Suit |
Siri Fort 1
|
14:15 | 31.07.2012
Screening
|
Women On The Edge |
Siri Fort 4
|
14:00 | 31.07.2012
Screening
|
Control Tower |
blueFROG
|
10:00 | 31.07.2012
Screening
|
Ranjana..I Ain't Coming Back |
Siri Fort 3
|
19:15 | 31.07.2012
Screening
|
Best of Animated Dreams (2011) |
Siri Fort 3
|
22:00 | 31.07.2012
Screening
|
Fire In Hell |
Siri Fort 2
|
16:45 | 31.07.2012
Screening
|
Mani Kaul Programme 3 |
Siri Fort 4
|
22:00 | 31.07.2012
Screening
|
Shanghai |
Siri Fort 3
|
10:30 | 31.07.2012
Screening
|
In April the Following Year, There Was A Fire |
Siri Fort 4
|
16:30 | 31.07.2012
Screening
|
Sentimental Animal |
Siri Fort 3
|
13:45 | 31.07.2012
Screening
|
Postcards From The Zoo |
Siri Fort 3
|
11:00 | 31.07.2012
Screening
|
Youth H: The Smell Of Curry And Rice |
blueFROG
|
19:15 | 31.07.2012
Screening
|
Inside |
Siri Fort 4
|
19:15 | 01.08.2012
Screening
|
Alms For The Blind Horse |
Siri Fort 4
|
13:45 | 01.08.2012
Screening
|
The Repentant |
Siri Fort 2
|
19:15 | 01.08.2012
Screening
|
Milocrorze: A Love Story |
Siri Fort 3
|
21:45 | 01.08.2012
Screening
|
Cosmic Sex |
Siri Fort 1
|
16:30 | 01.08.2012
Screening
|
The Sound Of Old Rooms |
Siri Fort 3
|
14:00 | 01.08.2012
Screening
|
Kanzeon |
blueFROG
|
10:00 | 01.08.2012
Screening
|
A Day's Bread |
Siri Fort 2
|
10:00 | 01.08.2012
Screening
|
10ml Love |
Siri Fort 3
|
10:00 | 01.08.2012
Screening
|
Burden |
Siri Fort 2
|
16:15 | 01.08.2012
Screening
|
Rockstar |
Siri Fort 1
|
22:00 | 01.08.2012
Screening
|
Salò, Or The 120 Days Of Sodom |
Siri Fort 3
|
22:00 | 01.08.2012
Screening
|
Guilty Of Romance |
Siri Fort 2
|
21:45 | 01.08.2012
Screening
|
Breather |
Siri Fort 4
|
09:30 | 01.08.2012
Screening
|
Children's Animation Films & Masterclass with Priit Tender |
Siri Fort 1
|
14:15 | 01.08.2012
Screening
|
Environment Films - Riverbank Studio |
Siri Fort 4
|
16:30 | 01.08.2012
Screening
|
Highway |
Siri Fort 2
|
16:45 | 01.08.2012
Screening
|
Romance Joe |
Siri Fort 4
|
19:15 | 01.08.2012
Screening
|
Prague |
Siri Fort 2
|
19:00 | 01.08.2012
Screening
|
11.25: The Day Mishima Chose His Own Fate |
Siri Fort 1
|
11:00 | 01.08.2012
Screening
|
Youth H: Piranha |
blueFROG
|
13:45 | 01.08.2012
Screening
|
Bloody Fight In Iron-Rock Valley |
Siri Fort 3
|
14:15 | 02.08.2012
Screening
|
No Man's Zone |
Siri Fort 4
|
16:30 | 02.08.2012
Screening
|
Hansa |
Siri Fort 2
|
13:30 | 02.08.2012
Screening
|
The King Of Pigs |
Siri Fort 1
|
22:00 | 02.08.2012
Screening
|
Kotoko |
Siri Fort 2
|
19:15 | 02.08.2012
Screening
|
Between The Rains |
Siri Fort 3
|
21:45 | 02.08.2012
Screening
|
Love Is Not Blind |
Siri Fort 1
|
16:15 | 02.08.2012
Screening
|
Masala |
Siri Fort 1
|
21:45 | 02.08.2012
Screening
|
Headshot |
Siri Fort 4
|
19:15 | 02.08.2012
Screening
|
10ml Love |
Siri Fort 2
|
10:30 | 02.08.2012
Screening
|
Idiot |
Siri Fort 4
|
19:15 | 02.08.2012
Screening
|
Go, Go, Second Time Virgin |
Siri Fort 4
|
19:15 | 02.08.2012
Screening
|
Waiting For P. O. Box |
Siri Fort 3
|
19:15 | 02.08.2012
Screening
|
The Bus |
Siri Fort 3
|
19:15 | 02.08.2012
Screening
|
Haneen |
Siri Fort 3
|
10:00 | 02.08.2012
Screening
|
Monophobia |
Siri Fort 3
|
10:00 | 02.08.2012
Screening
|
The Miscreants |
Siri Fort 2
|
13:45 | 02.08.2012
Screening
|
Akkyz |
Siri Fort 3
|
19:00 | 02.08.2012
Screening
|
The Road |
Siri Fort 1
|
13:45 | 02.08.2012
Screening
|
NewStream Panel: Shanghai |
Siri Fort 2
|
10:00 | 02.08.2012
Screening
|
Two Competition Films |
Siri Fort 3
|
09:30 | 02.08.2012
Screening
|
Vicky Donor |
Siri Fort 1
|
19:15 | 02.08.2012
Screening
|
Shorts in Competition: Programme 1 |
Siri Fort 3
|
10:00 | 02.08.2012
Screening
|
Carnival |
Siri Fort 3
|
22:00 | 02.08.2012
Screening
|
Highway |
Siri Fort 3
|
19:15 | 02.08.2012
Screening
|
Circle Line |
Siri Fort 3
|
19:15 | 02.08.2012
Screening
|
Cat People |
Siri Fort 3
|
16:30 | 03.08.2012
Screening
|
Dirty Doves |
Siri Fort 2
|
19:15 | 03.08.2012
Screening
|
Ballad Of Rustom |
Siri Fort 4
|
21:45 | 03.08.2012
Screening
|
From Seoul To Varanasi |
Siri Fort 1
|
10:00 | 03.08.2012
Screening
|
Here, There |
Siri Fort 2
|
19:15 | 03.08.2012
Screening
|
The Repentant |
Siri Fort 3
|
19:15 | 03.08.2012
Screening
|
This Is Not A Film |
Siri Fort 2
|
13:45 | 03.08.2012
Screening
|
Patang |
Siri Fort 2
|
13:45 | 03.08.2012
Screening
|
Stateless Things |
Siri Fort 3
|
16:30 | 03.08.2012
Screening
|
Modest Reception |
Siri Fort 3
|
10:30 | 03.08.2012
Screening
|
Ex Press |
Siri Fort 4
|
19:00 | 03.08.2012
Screening
|
A Simple Life |
Siri Fort 1
|
09:30 | 03.08.2012
Screening
|
The Monkey King : Uproar In Heaven |
Siri Fort 1
|
14:00 | 03.08.2012
Screening
|
Youth H: Ring My Bell |
blueFROG
|
16:30 | 03.08.2012
Screening
|
The Metamorphosis |
Siri Fort 2
|
16:30 | 03.08.2012
Screening
|
The Replacement Driver |
Siri Fort 2
|
10:00 | 03.08.2012
Screening
|
Born On The 25th Of January |
Siri Fort 3
|
16:45 | 03.08.2012
Screening
|
Karma |
Siri Fort 4
|
16:30 | 03.08.2012
Screening
|
Revenge |
Siri Fort 2
|
14:15 | 03.08.2012
Screening
|
The Land Beneath The Fog |
Siri Fort 4
|
16:30 | 03.08.2012
Screening
|
Tomorrow After Yesterday |
Siri Fort 2
|
16:30 | 03.08.2012
Screening
|
Shorts in Competition: Programme 2 |
Siri Fort 2
|
16:30 | 03.08.2012
Screening
|
Silent |
Siri Fort 2
|
22:00 | 03.08.2012
Screening
|
Consuming Spirits |
Siri Fort 2
|
22:00 | 03.08.2012
Screening
|
Prague |
Siri Fort 3
|
16:30 | 03.08.2012
Screening
|
Indhiyam |
Siri Fort 2
|
16:15 | 03.08.2012
Screening
|
Forever |
Siri Fort 1
|
11:00 | 04.08.2012
Screening
|
B.A. Pass |
Siri Fort 1
|
22:00 | 04.08.2012
Screening
|
Death For Sale |
Siri Fort 2
|
21:45 | 04.08.2012
Screening
|
Vulgaria |
Siri Fort 1
|
16:30 | 04.08.2012
Screening
|
Baby Factory |
Siri Fort 3
|
19:15 | 04.08.2012
Screening
|
Alois Nebel |
Siri Fort 2
|
13:45 | 04.08.2012
Screening
|
Beyond The Hill |
Siri Fort 2
|
10:00 | 04.08.2012
Screening
|
The Temple |
Siri Fort 3
|
19:15 | 04.08.2012
Screening
|
Hansa |
Siri Fort 4
|
19:15 | 04.08.2012
Screening
|
Interfere |
Siri Fort 3
|
13:45 | 04.08.2012
Screening
|
Three And A Half |
Siri Fort 3
|
16:45 | 04.08.2012
Screening
|
Emperor Tomato Ketchup |
Siri Fort 4
|
19:15 | 04.08.2012
Screening
|
Life As A Fable, A Narrative! |
Siri Fort 3
|
19:15 | 04.08.2012
Screening
|
My Shoes |
Siri Fort 3
|
22:00 | 04.08.2012
Screening
|
Monophobia |
Siri Fort 3
|
19:15 | 04.08.2012
Screening
|
Ruined Heart |
Siri Fort 3
|
21:45 | 04.08.2012
Screening
|
The Parasite Doctor Suzune: Genesis |
Siri Fort 4
|
21:45 | 04.08.2012
Screening
|
The Parasite Doctor Suzune: Evolution |
Siri Fort 4
|
19:00 | 04.08.2012
Screening
|
Gangs of Wasseypur 2 |
Siri Fort 1
|
19:15 | 04.08.2012
Screening
|
Short Films Programme 2 |
Siri Fort 3
|
22:00 | 04.08.2012
Screening
|
Two Competition Films |
Siri Fort 3
|
16:15 | 04.08.2012
Screening
|
Gangs Of Wasseypur 1 |
Siri Fort 1
|
19:15 | 04.08.2012
Screening
|
Soft Breath Of Breeze |
Siri Fort 3
|
22:00 | 04.08.2012
Screening
|
Carnival |
Siri Fort 3
|
13:30 | 04.08.2012
Screening
|
Chicken With Plums |
Siri Fort 1
|
10:00 | 04.08.2012
Screening
|
Egg And Stone |
Siri Fort 2
|
10:30 | 04.08.2012
Screening
|
Postcards From The Zoo |
Siri Fort 4
|
09:30 | 04.08.2012
Screening
|
Mekong Hotel |
Siri Fort 1
|
11:00 | 04.08.2012
Screening
|
Youth H2: Dream Without Picture |
blueFROG
|
16:30 | 04.08.2012
Screening
|
The Last Step |
Siri Fort 2
|
09:30 | 05.08.2012
Screening
|
Free Men |
Siri Fort 1
|
14:15 | 05.08.2012
Screening
|
The Stagnant |
Siri Fort 4
|
16:30 | 05.08.2012
Screening
|
Stateless Things |
Siri Fort 3
|
13:45 | 05.08.2012
Screening
|
Modest Reception |
Siri Fort 2
|
13:45 | 05.08.2012
Screening
|
Siddheshwari |
Siri Fort 3
|
22:00 | 05.08.2012
Screening
|
Winner-12OCFF Best Film-Asian Arab Competition |
Siri Fort 2
|
21:45 | 05.08.2012
Screening
|
Winner-12OCFF Best Film- First Features Competition |
Siri Fort 4
|
10:00 | 05.08.2012
Screening
|
Masao Adachi - Programme |
Siri Fort 3
|
16:30 | 05.08.2012
Screening
|
In April the Following Year, There Was A Fire |
Siri Fort 2
|
11:00 | 05.08.2012
Screening
|
Labyrinth |
Siri Fort 1
|
Posted 3 minutes ago by Nksagar
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