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Monday, 9 January 2012

No Feel Good!India passing through difficult times, says Manmohan!The LPG Mafia Government is Under Tremendous pressure to Acomplish Renewal Reforms Agenda to Kill Aborigine, Indigenous, Munivasi Bahujan Humanscape!NRIs will get right to vote in Indi




No Feel Good!India passing through difficult times, says Manmohan!The LPG Mafia Government is Under Tremendous pressure to Acomplish Renewal Reforms Agenda to Kill Aborigine, Indigenous, Munivasi Bahujan Humanscape!NRIs will get right to vote in Indian elections, promises Manmohan Singh!Indian Citizens, the Ninety Nine percent Non Brahamin Non Aryan Masses are subjected to Ethnic Cleansing and EXCLUSION whereas NRIs get everything. They can whiten Black Money pushing and Pumping it via FDI in the Free Market Economy. They are entitled to buy equities to Control the Sensex based Economy. Now, they have got the Voting Rights to control Government of India directly as they control the Zionist Governement of United States inAmerica!

Rains coupled with snowfall today aggravated cold wave conditions in parts of north India where sub-zero temperatures in Kashmir Valleyclaimed two more lives, pushing the country-widedeath toll to 139.

Kolkata Marwaris feel the heat as Mamata Banerjee breathes fire


Overseas Indians discuss higher education, FDI in retail

Meanwhile,it is very cold in Kolkata these days. I had been in Andhra, Karnataka andMaharashtra very recently. It was NOT so cold all over there. More than Hundred Fifty Thousand delegates attended Mulnivasi Bamcef National Convention. Earlier this year, my book on Budget was Published. In the National Convention we dealt Economic Issues as Mulnivasi Nayak is doing. We discussed a lot on Media and Trade Union. waman Meshram clarified that it is Uncontrolled Power in the Hands on the Micro Minority Brahaminical Ruling Class and they achieved this with VIOLENCE. We have to solve the Puzzle how do we resist this Unabated Violence with Non Violence. He also clarified that the Ruling Zionist Barahaminical Hegemony is DISCRIMINATING with Majority Mulnivasi Bahujan RACIALLY. We debated onHistory, the Murder Conspiracy to Kill DR BR Ambedkar, Inactive Biased Judiciary, Knowldege Economy, LPG Rule, the Legacy of Aborigin Mass movement including Matua and Lingayat movement, Women`s problems and fifth and Sixth Schedule of Constitution. We also Discussed the segregation of Muslims and Tribals, OBC Headcount and the War against the People of India. It was really heating. But now , getting home, we do feel the pangs of Cold. Hope, rather Agitational Mode and Resistance countrywide would warm us a little. We felt that the Ninety Percent Majority masses fail to ACTIVATE its resources and fail to encounter the Microminority which uses Technology and Knowldege , Media and Intelligence and does Activate evry resource including Social Networking and Communalism, Hinduisation and so called sacred books to Sustain Manusmriti Hegemony. just because we suffer from Identity Crisis , hence the NINETY Five Percent Majority Masses fail to understand how they are Enslaved and Bonded. It was good that KANNAD Media Print as well as electronic covered the Event day byday, session by
session!

India to be third major economy in 20 yrs: Montek Singh Ahluwalia!For whom?Ninety Nine Percent Masses are Deprived and persecuted and the GROWH includes the One Percent ZionistBrahamincal Class including the NRI Lot!


Troubled Galaxy Destroyed Dreams ,Chapter 726

Palash Biswas

http://indianholocaustmyfatherslifeandtime.blogspot.com/





http://basantipurtimes.blogspot.com/



No Feel Good!India passing through difficult times, says Manmohan!The LPG Mafia Government is Under Tremendous pressure to Acomplish Renewal Reforms Agenda to Kill Aborigine, Indigenous, Munivasi Bahujan Humanscape!

NRIs will get right to vote in Indian elections, promises Manmohan Singh!
Indian Citizens, the Ninety Nine percent Non Brahamin Non Aryan Masses are subjected to Ethnic Cleansing and EXCLUSION whereas NRIs get everything. They can whiten Black Money pushing and Pumping it via FDI in the Free Market Economy. They are entitled to buy equities to Control the Sensex based Economy. Now, they have got the Voting Rights to control Government of India directly as they control the Zionist Governement of United States inAmerica!

India to be third major economy in 20 yrs: Montek Singh Ahluwalia!For whome? Corporate Greed and Capitalism have Inflicted India deep into. Ninety Nine Percent Masses are Deprived and persecuted and the GROWH includes the One Percent ZionistBrahamincal Class including the NRI Lot!

BHUBANESWAR: Planning Commission Deputy Chairman Montek Singh Ahluwalia today said India is expected to be the world's third major economy in the next 20 years, after China and the US.

"In the next 20 years from now, China could be in the number one position followed by the USA, and India in the third position with GDP growth rate at about 9 per cent," Ahluwalia said.

It would be wrong to say that India's growth story has come to an end, he said and added, "It is true that this year has been slightly a slower year. This is not only for India, but for other countries also."

There is an indication of per capita income growing at 7-8 per cent in the next 20 years, Ahluwalia said while delivering convocation address at the KIIT University here.

Full coverage

NRIs will get right to vote, pension fund, says Manmohan

The Hindu - ‎8 minutes ago‎
Prime Minister Manmohan Singh on Sunday called upon the Indian communities living abroad to play a more active role and contribute "much more" to the building of a modern India and promised significant steps to facilitate, encourage and promote their ...

Pravasi Bharatiya Divas News

Times of India - ‎29 minutes ago‎
India passing through difficult times, says ManmohanPTI, 8 Jan 2012, 2134 hrs ISTExpressing optimism, the Prime Minister Manmohan Singh today said the economy will return to a higher trajectory of 9-10 per cent. Government concerned about diaspora's...

NRIs to get right to vote in Indian elections: Manmohan Singh

IBNLive.com - ‎1 hour ago‎
Jaipur: Fulfilling the long-standing demand of its diaspora, India on Sunday said it would allow Non-resident Indians (NRIs) to vote and participate in the election process. He also listed the number of initiatives undertaken by the government like ...

NRIs should invest more in India: Pranab Mukherjee

Economic Times - ‎1 hour ago‎
JAIPUR: Asking NRIs to invest more in India, Finance Minister Pranab Mukherjee today said though there have been large ticket investments by the diaspora, it was much less than the potential. To achieve this, an alternate model that was more balanced ...

Overseas Indians discuss higher education, FDI in retail

Economic Times - ‎1 hour ago‎
JAIPUR: The Global Advisory Council of Overseas Indians under the chairmanship of Prime Minister Manmohan Singh met here today during which its members discussed matters concerning higher education, FDI in retail and other governance issues. ...

India passing through difficult times, says Manmohan

Times of India - ‎1 hour ago‎
Prime Minister express optimism that rhythm of growth process would be brought back to 9-10 per cent. JAIPUR: Noting that the country is passing through "difficult times", Prime Minister Manmohan Singh today said in the current fiscal the growth rate ...

Govt seeks investment from Indian diaspora in road sector

Economic Times - ‎2 hours ago‎
JAIPUR: Road Transport and Highways Minister CP Joshi today sought investments from Indian diaspora in the country's road sector, which is a key for inclusive growth. "To my Pravasi brothers and sisters, my message today is simple-- Opportunities ...

NRIs will get right to vote in Indian elections, promises Manmohan Singh

Times of India - ‎3 hours ago‎
JAIPUR: Fulfilling a long-standing demand of its diaspora, India on Sunday said it would allow NRIs to vote and participate in the election process. "Pursuant to the law that was enacted to enable Non-resident Indians to vote in our national elections, ...

Investing in India tough, say NRIs

IBNLive.com - ‎3 hours ago‎
Jaipur: Many overseas Indians participating in the annual Pravasi Bharatiya Divas diaspora meet have complained that investing in the country was difficult due to lack of facilities and red tape. Many delegates said that while the government promises ...

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Stating that the economy was fast changing and there were rapid improvement in technologies across the globe, he pointed out that Asian countries like China and India would benefit.

Ahluwalia further said that a lot of ideas are in the pipeline. "I hope in next few months, a lot of action will slowly take place."

He said that India's economy was very slow during the first 20 years of Independence where the GDP growth was only 3 per cent and per capita growth rate was about 1 per cent or 1.5 per cent.

However, he told students, "While it took 45 years to double the per capita income in our time, it will take only nine years in your time."

And look,Overseas Indians discuss higher education, FDI in retail!

Noting that the country is passing through "difficult times", Prime MinisterManmohan Singh today said in the current fiscal the growth rate will be 7 per cent but was optimistic that the economy will return to a higher trajectory of 9-10 per cent in the medium term backed by strong fundamentals.

Fulfilling a long-standing demand of its diaspora, India on Sunday said it would allowNRIs to vote and participate in the election process.

"Pursuant to the law that was enacted to enable Non-resident Indians to vote in our national elections, the government has issued notifications for registration of overseas electors under the Representation of People Act, 1950," Prime Minister Manmohan Singh said.

"This constitutes the first major step to enable Indian residents abroad to participate in our election process," the prime minister said while addressing the annual Pravasi Bharatiya Divasdiaspora meet here.

He said the diaspora plays an important role in the growth and development of the country. The government recognises it, and was committed to address their concerns and fulfil their demands.

Rains coupled with snowfall today aggravated cold wave conditions in parts of north India where sub-zero temperatures in Kashmir Valleyclaimed two more lives, pushing the country-widedeath toll to 139.

In Delhi, the maximum temperature dipped three degrees below normal at 18 deg C, while the minimum settled at 11.9 degrees, the MeT office said.

Kashmir Valley reeled under intense cold with the minimum in Srinagar plummeting to minus 5.5 deg C, the coldest night in the city this winter.

Picturesque tourist spot Gulmarg recorded a low of minus 16.5 deg C. Qazigund's low dipped to minus 8.4 deg C followed by Kokernag (minus 6.3 deg C), Pahalgam (minus six deg C) and Kupwara (minus 5.6 deg C), the weather office said.

Two people succumbed to the freezing cold in Hiranagar of Kathua district and Bishnah of Jammu district respectively, officials said.

Higher reaches in Himachal Pradesh continued to experience intermittent snowfall with day temperatures dropping across the state following rains.

Shimla and Manali received 20 cm and 40 cm of snow respectively while the Rohtang Pass was covered under 170 cm of thick white blanket, the MeT office said.

In an unusual phenomenon, a few pockets in Punjab bordering Himachal Pradesh received snow flakes, which MeT officials attributed to "change of wind direction favoured by low temperature".

Most of Punjab shivered under severe chill with holy town Amritsar recording a minimum of two deg C, while Ludhiana and Patiala, too, experienced the intense cold, recording respective lows of 4.6 deg C and 6.2 deg C.

In Haryana, Ambala registered a low of 7.7 deg C while the minimum at Karnal was nine degrees.

Meanwhile,it is very cold in Kolkata these days. I had been in Andhra, Karnataka andMaharashtra very recently. It was NOT so cold all over there. More than Hundred Fifty Thousand delegates attended Mulnivasi Bamcef National Convention. Earlier this year, my book on Budget was Published. In the National Convention we dealt Economic Issues as Mulnivasi Nayak is doing. We discussed a lot on Media and Trade Union. waman Meshram clarified that it is Uncontrolled Power in the Hands on the Micro Minority Brahaminical Ruling Class and they achieved this with VIOLENCE. We have to solve the Puzzle how do we resist this Unabated Violence with Non Violence. He also clarified that the Ruling Zionist Barahaminical Hegemony is DISCRIMINATING with Majority Mulnivasi Bahujan RACIALLY. We debated onHistory, the Murder Conspiracy to Kill DR BR Ambedkar, Inactive Biased Judiciary, Knowldege Economy, LPG Rule, the Legacy of Aborigin Mass movement including Matua and Lingayat movement, Women`s problems and fifth and Sixth Schedule of Constitution. We also Discussed the segregation of Muslims and Tribals, OBC Headcount and the War against the People of India. It was really heating. But now , getting home, we do feel the pangs of Cold. Hope, rather Agitational Mode and Resistance countrywide would warm us a little. We felt that the Ninety Percent Majority masses fail to ACTIVATE its resources and fail to encounter the Microminority which uses Technology and Knowldege , Media and Intelligence and does Activate evry resource including Social Networking and Communalism, Hinduisation and so called sacred books to Sustain Manusmriti Hegemony. just because we suffer from Identity Crisis , hence the NINETY Five Percent Majority Masses fail to understand how they are Enslaved and Bonded. It was good that KANNAD Media Print as well as electronic covered the Event day byday, session by
session!

"Unrestricted Power in the hand of Brahmins is the main cause of Corruption" - a Debate

"Unrestricted power in the hand of Brahmins is the main cause of Corruption -a debate'' was an important topic that constituted the 5th session of the National Convention of Bamcef. The topic itself is self-explaining. While heading the 5th session, Sir Waman Meshram disclosed some vital and valuable issues relating to the chosen topic. He asserted that if the power is under the control of Brahmins, then the Brahmins are at the root of all corruptions in India. He reiterated that Brahmins in fact enjoy unrestricted powers. He endeavored to explain how this unrestricted power went into the hands of Brahmins.

He said that the Indian Independence Struggle was nothing but the struggle for establishing superiority of Eurasian Brahmins in India. Prior to Gandhi, Tilak undertook an agitation for independence that was meant only for Brahmins and he opposed the entry of OBCs to Indian Parliament. At Athani village, in his speech Tilak said "Teli – Tamboli Aur Kun-bhatto Ko Kya Sansad Main Jakar Hal Chalana Hain?'' meaning OBCs are not capable enough to be part of Parliament.
In so called Swarajya of Tilak, Mulnivasi's were hardly going to get anything. He was against giving any rights to the OBCs. Hence there is no doubt, that Tilak would have a any thought of giving anything to the SC/ ST of the land.

Sir Meshram, highlighted another important point that Congress was born in 1885 but the resolution for independence was passed by it in 1927 after a period of 44 years since its inception. During this period of 42 years Congress was trying to persuade British Raj that as you are foreigners as we are and thus we can rule India amicably. Jawaharlal Nehru had wrote that Brahmins are Videshi, meaning foreigners and same was also mentioned by Vidhyasagar and Rajaram Mohan Roy. They also wrote that the Brahmins are Videshis. When Rajaram had been to Europe, he declared there that "we the Brahmins are not Indians". He said to the Britishes that we are just like you all. He reiterated that we and you all, meaning Britishes have common ancestry and hence have a common blood, and so we can betray Indians.

Sir Meshram further emphasized that Brahmins never went against the Moghuls in India, they didn't undertook independence struggle against Moghuls. He further said that when the Simmon Commission came to India, both Gandhi and Congress agitated and opposed it. In Second Round Table Conference Gandhi reiterated that if Bristishes want to give freedom to India and also the untouchables then we would not like to have such freedom. 
Sir Meshram during his speech claimed to have historical documentary evidences for proving how Brahmins acquired supremacy over Bahujans. As per Article 320, 330, 332 Pune Pact even today stands operational and implemented. Brahmins had control over the Parliamentary powers in pre-British India and because of the same they succeeded in enforcing the Pune Pact. Our people still carry out agitations for reservations in jobs, but their agitation lies unheeded. On the contrary the ruling upper caste parties have been enforcing Political Reservations. Pune pact was enforced and was made binding on SC/ ST and later it was also conspiringly enforced for OBCs. Because of Pune Pact Brahmins got unrestricted supremacy over all Bahujans. After 1947 there was further augmentation in the supremacy of Brahmins. 

In Parliament there are 131 parliamentarians and 1200 legislative members of SC/ST but it appears that they hardly have any say and value in the administration of the country. They are almost non-existent as far as a true representation of their respective communities is concerned. Brahmins care two hoots for them. The right of true representation of SC/ST was denied.Late Rajeev Gandhi through Panchayati Raj implemented Pune Pact on OBCs. Pune Pact was implemented on MP, MLA, Minister, and Party levels. Maulana Kalam was awarded Bharat Ratna because he sided the partition of the country. He belonged to the Moghul Race. He had sided with Nehru and Gandhi in favour of Partition.

Loksabha elections were held in 1952, and 03 percent Brahmins were allotted 60 percent tickets by Nehru and eventually they established their superiority. Rather than establishing true Democracy, through Stooges and Agents born out of Pune Pact, four pillars of Democracy were conquered and brought under the control of Brahmin Raj. Nehru breached the Constitution in order to bring power and control under Brahmins. Brahmins thus, now enjoy an unrestricted control of power in India's so called Democracy. 
Sir Meshram, elaborated on aftermath of Babri Masjid demolition. He said the opposition as well as the ruling parties further strengthened their ties and worked together.
It happened first time during the rule of Sir Devegauda government, that there was not a single Brahmin in his ministry. When his new ministry was re-constructed a Bhumihar Brahmin named Chatturranand Mishra rose to ministerial level. Bhumihar Brahmins have traits and characteristics of Brahmin, Shatriya and Vaishya too.
Sir Meshram enlightened about the opposition's role. He said that if there were to be an opposition party belonging to the Shudras then they were most likely to become the rulers and so the Brahmins knowing this fact felt that they themselves should be on both sides. He reiterated that one Brahmins goes and the other steps in and with this there is change in the leadership but there is no change in the caste of leadership and because of this change Brahmins were able to retain their supremacy through unrestricted control over the power in India. Whether Congress is defeated or BJP is defeated either of them is coronated or re-coronated on throne of India. Moreover the third parties also belong to the Brahmins. With the unrestricted power Brahmins have become fearless. If they commit a Corruption of Rs. 65 crore they do not consider it as a corruption. For them Rs.1000 crore is the benchmark to be called as corruption. 2G Spectrum Scam has corruption amounting to 1, 76,000 crore. Black money stashed in Foreign Banks amount to approx. 280, 00,000 crore and in fact some have opined that the amount is far greater upto 400, 00,000 crore. Recently as per the report it was found that India is not only corrupt but the most corrupted country.

Sir Meshram reiterated that Brahmins sit in the temples and they take commission for allowing devotees to have glimpse of their Deity. He said at some places they even charge Rs. 1051 from devotees for viewing Deity from a distance of 10 ft. and Rs. 5051 for more proximity to view a Deity. 

• In Dharma Shastras Brahmins have quoted that the entire earth is under the power of Supreme Being i. e. God 
• The Supreme Being i.e. God is under the power of Vedic Hymns i.e. Mantras 
• The Vedic hymns, i.e. the Mantras are under the power of Brahmins. 
Thus Brahmins declared their paternity on Supreme Being- the God-the creator. They declare that they are the father of God. 

Sir Meshram opined that either you bring - Lok-pal or Brahma-pal there will be no end and solution to the menace of Corruption which is nothing but the very product of Brahmanism. He said the sickness is something else and the treatment decided to be given is something else, meaning irrelevant treatment. He asserted that if unrestricted powers are the root cause of Corruption then unrestricted powers of Brahmins have to be curbed and ended. 

Sir Meshram said the right of representation is denied to the Bahujans, the original inhabitants of India and with this denial of right of representation Brahmins are causing grave injustice to the Bahujans. The system of representation that was favoured and established by the Brahmins for their own benefit was never approved by Dr. Babasaheb Ambedkar.True representation was massacred and that resulted in creation of agents and stooges of Brahmins and so did the corruption eventually followed. 

Sir Meshram informed participants in the convention that one of our friend from Norway has come to specially attend the Convention. He further disclosed that the friend spoke about his own experiences when he happen to meet the Norwegian Prime Minister. The friend said that he informed the Norwegian Prime Minister that his ( friend's ) younger son was fond of him ( Norwegian PM ) and hence he wants to click one photograph of the PM. He requested him to bent on his knees for the desired photograph. The Norwegian PM did what was suggested as he considered him to be a true representative of the citizens. He bent on his knees for a photograph and displayed is understanding for the feelings of his people.
http://indianliberationnews.com/unrestricted_power_in_the_hand_of_brahmins.html 

The war between Dr.Babasaheb Ambedkar and Gandhi was for the true representation of the people. Sir Waman Meshram spoke about the American Presidential Elections and exemplified his point about True Representation. He said if the process of electing true representative commences in real terms, then the true and the real representatives will not commit corruption.

    

The desert state of Rajasthan remained in the grip of extreme cold with Churu recording the lowest temperature of 3.4 degrees Celsius.

Bikaner amd Phalodi were close seconds at 4 degree Celsius. Sikar recorded a low of 4.3 degree Celsius, while Jodhpur, also known as Sun City, had a minimum of 5.4 degree Celsius.

Jaisalmer and Pink City Jaipur recorded minimums of 5.7 degree Celsius and 7.9 degree Celsius respectively.

Other places in the state recorded night temperatures in the range of 8 degrees Celsius to 13 degrees Celsius, according to the MeT department.

India's real GDP is expected to touch USD 2.5 trillion by 2021 as the country's macroeconomic fundamentals, like savings, investments and per capita income, are growing strong, a study today said.

At present, the country's real GDP amounts to USD 1 trillion.

Industry body PHDCCI -- in its study, 'Growth Prospects of Indian Economy: Vision 2021, Trillion Dollar Growth Opportunities' -- said India's real per capita income is estimated to double from the current level of USD 900 to USD 1,800 by 2021.

"The strong macroeconomic fundamentals of India, like savings, investments and per capita income, are growing strong and would drive the growth prospects," it said.

Notwithstanding that real GDP growth is expected to moderate in the near-term to around 7.4-7.7 per cent in 2011-12, it is projected to enter a higher growth trajectory in the next few years, it said.

The real GDP is estimated to achieve an average growth of 9.3 per cent in the next 10 years by 2021, it added.

Despite the fact that the slowdown in advanced economies, coupled with domestic economic challenges like high inflation and borrowing costs, have pulled down the growth momentum in the near-term, India has emerged a leading economy in the world economic system, PHD Chamber President Sandip Somany said.

The study also said average WPI inflation is projected to remain within the 5-6 per cent trajectory, while the gross fiscal deficit is estimated to remain within 3-4 per cent of the GDP by 2021.

India's exports of goods and services are projected to expand to USD 1,500 billion by 2021, while the average current account deficit would be less than 1 per cent of the GDP.

Furthermore, the country's demographic dividend would place it among the fast moving economies in the global economic order.

The infrastructure sector has a huge untapped potential and will be the main driving force for higher economic growth, it said, adding that India will be spending around 9-10 per cent of its GDP on the sector during the 12th Plan.

In addition, it said developments in the global economy over the past few months are a matter of serious concern.



The Global Advisory Council of Overseas Indians under the chairmanship of Prime MinisterManmohan Singh met here today during which its members discussed matters concerning higher education, FDI in retail and other governance issues.

The third meeting of the council, which met at the Raj Bhawan here, also discussed ways and means on how India can take a more proactive role in the discourse on globalisation.

With slowdown in the USA and Europe, Singh said the growth centers may have to shift to the Asia-Pacific.

"He (PM) was confident that despite many constraints India would return to a sustained high annual growth path of 9-10 per cent in the medium term.

"Prime Minister further assured that the government would reflect on all the suggestions made by the Council members, and engage proactively on all of them," a PMO release said.

Overseas Indian Affairs Minister Vayalar Ravi, Rural Development Minister Jairam Ramesh, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Minister of State for External Affairs E Ahamed also attended the meeting.

Eminent Overseas Indians like industrialist L N Mittal, Sam Pitroda, Lord Karan F Bilimoria, Swadesh Chatterjee, Ela Gandhi, Lord Khalid Hameed, Renu Khator, Kishore Mahbubani and Lord Bhikhu Chotalal Parekh were among those who attended the meeting.

The members of the council unanimously thanked the Prime Minister for convening the third meeting of the council in Jaipur and for allowing free exchange of views on matters concerning overseas Indians, the release said.

The members appreciated that many of the suggestions made previously by them had been implemented, for example, merging of OCI (Overseas Citizenship of India) and PIO (Peoples of Indian Origin) cards and facilitating voting rights for Non-Resident Indians while certain other issues were under implementation.

"The government and people of India recognise and value the important role being played by Indian communities living abroad. We believe that Indian diaspora has much more to contribute to the building of modern India," the prime minister said.

"We propose to facilitate, encourage and promote this engagement. Over the past year, we have taken a number of steps towards this end," he added, as he formally inaugurated the 10th annual diaspora meet, the Pravasi Bharatiya Divas (PBD) here.

Overseas Indian Affairs Minister Vayalar Ravi said NRIs would be able to exercise their franchise in upcoming elections.

"Indian nationals living abroad can now exercise their franchise in India at the time o f the elections," Ravi said.

Now those NRIs who have registered with the embassies of their respective countries of stay, would be eligible to vote in the upcoming assembly elections in five states including Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur. Polls will take place in these countries between Jan 28 and March 3.

Ravi said objective of the government was to further increase engagements with diaspora. "Our objective is to raise the level of engagement to go beyond mere investment related issues and address a broader agenda."

"We believe that this will provide the vast majority of you the opportunity to benefit from as well as contribute - each in your own way - to India's development story," the minister said.

Later talking to media person, Ravi said this year's Pravasi Bharatiya Divas (PBD) is the largest congregation of Indian diaspora.

He said almost 1,900 delegates from around 60 countries were participating in the three-day event.

"Our country is going through difficult times ... We are up to the task of meeting these challenges we face as a nation", he said while addressing the 10th Pravasi Bharatiya Divasbeing attended by over 1,900 overseas Indians in Jaipur.

Despite an adverse international environment, Singh said, "the Indian economy is expected to grow by about 7 per cent this financial year ending March 31."

The country recorded a GDP growth rate of 8.5 per cent in 2010-11 and was initially estimated to grow by 9 per cent in the current fiscal. The growth rate projection, however, was scaled down gradually by the Reserve Bank as well as the Finance Ministry.

The Prime Minister, however, exuded confidence that growth rate in the coming years would go up to 9-10 per cent as the "economic fundamentals are strong and ...consittutional processes are robust".

"...we hope to bring back the rhythm of our growth process to sustain an annual growth rate of 9-10 per cent in the medium-term. Our domestic savings rate which currently stands at 33-35 per cent of our GDP will greatly facilitate the realisation of our growth objectives", he said.

Singh also said that efforts to combat inflation have started yielding results and there has been an improvement in the situation.

Fulfilling a long-standing demand, Singh said a pension and life insurance scheme for overseas Indian workers is being introduced. This will benefit ove 5 million workers, especially those in the Gulf. The scheme was recently cleared by the Union Cabinet.

Kolkata Marwaris feel the heat as Mamata Banerjee breathes fire

Chief minister Mamata Banerjee's statement, "Terrorists are terrorists, murderers are murderers" – after the Ficci intervention for the release of AMRI directors has gone down particularly badly with the Marwari community in Kolkata.
Anuradha Himatsingka, THE ECONOMIC TIMES | Jan 6, 2012, 11.15AM IST
KOLKATA: The fire that devastated AMRI, an upmarket hospital, and claimed 90 lives on December 9 last year has resulted in collateral damage of an unusual kind. For the first time in living memory, many among Kolkata's Marwaris, who dominate industry and commerce in the eastern metropolis, say they are feeling threatened and discriminated against.

The fallout: a spate of resignations from company directorships and charitable trusts because of the fear an accident may mean incarceration for directors. At least 10 members of the community, who spoke to this paper, said they had resigned from various positions after the incident.

The angst is acute enough for some members of the community, who migrated from Rajasthan to Bengal centuries ago, to aver that they are curtailing fresh investments. An industrialist on the verge of setting up a chemicals plant and a steel manufacturer both said their next investments would be in Gujarat.

The vitriolic reaction of Chief Minister Mamata Banerjee, who appeared to equate those arrested after the AMRI tragedy with murderers and terrorists, has not soothed nerves. Banerjee's reaction was in response to remarks by industry body Ficci expressing concern at the arrest of seven AMRI directors not in charge of day-to-day affairs. Of these, four are promoters of Emami, a Rs 3,700-crore group, while two are owners of Shrachi, a Rs 1,000-crore enterprise. Three directors are absconding.

Four of the 14-member AMRI board - Prof MK Chhetri, managing director; Dr Soumendra Nath Banerjee, chairman; and two directors Ashim Kumar Das and Dr Pronab Dasgupta - have not been charged.

The arrest of the seven non-executive directors is a sore point among almost all businessmen, cutting across community lines. A leading city industrialist said: "Under tremendous pressure, she has vented her fury on some of the directors of AMRI." This feeling is shared by many in business. Mumbai-based Ankit Miglani, managing director of Uttam Galva Steel, in which LN Mittal's ArcelorMittal has a 30% stake, said: "Our system says you are innocent, until proven guilty. Hence a person is entitled to get bail."

Many Marwaris trace roots to Kolkata

"Whatever action is taken against the AMRI directors should be according to laws. If it is contrary to law, then investment in Bengal is expected to take a beating," Jagdish Khattar, the former managing director of Maruti Suzuki, told ET.

Khattar, who is now an entrepreneur, is chairman of Carnation Auto, a contract manufacturer.

State industry minister Partha Chatterjee declined comment.

"Please do not ask me to say anything, because it is only chief minister Mamata Banerjee who has the authority to speak on AMRI Hospital-related issues," he said.

Communal prejudice, or even the perception of it, is virtually unknown to Kolkata unlike other Indian mega cities such as Mumbai and Bengaluru where tension between communities has sometimes caused violence. In contrast, Bengalis have been welcoming of Marwaris and Gujaratis, who along with the British have built much of the city and employed locals in large numbers.

Many of India's storied Marwari families such as the Birlas, Singhanias and Goenkas trace their roots to the former capital of the British Empire. A leading chartered accountant and a lawyer expressed puzzlement at the course of action pursued by the police as the law specified that only some directors and other officers in charge of dayto-day operations could be charged under criminal provisions in case of an accident.

'No victimisation'

Not everyone agrees that members of a community are being targeted.

An ET poll, which had a sample size of 20, revealed that opinions were divided. While 50% felt that members of the Marwari community were being victimised, an equal number said they did not feel this to be case. But most, even in the latter group, felt Mamata understood very little of consequence, except politics and public pulse.

"There is no victimisation. All this business of targeting Marwaris is bull. Mamata responded to the public outcry during the AMRI fire in the only way she could think of - arrest the owners. She does not understand the Companies Act in all likelihood, and, therefore, she didn't know that the act was very clear about liability in such cases," said an industrialist.

The chief minister's statement -"Terrorists are terrorists, murderers are murderers" - after the Ficci intervention has gone down particularly badly.

"We would certainly not like to be equated with murders and terrorists for an accident beyond my control. And if entrepreneurs are termed such for an accident in an enterprise created by them and needed by the state, who would like to set up a business enterprise here?" was the identical reaction of two young industrialists, one in jute and the other in mining and allied services.

Ten members of the Marwari community, in businesses as diverse as financial management to fashion, met ET this week to discuss the post-AMRI situation. "Our great grandparents had brought industry to Bengal. Over generations, we have nurtured it, expanded and given employment to lakhs and we did not, like many else, run away from Bengal even in the worst of times. This state has become our home for generations. If we have made money, we have also lost money too. One tragic accident has overturned all the good work. We are now obliquely equated with terrorists and murderers. Unfortunate," a member of the group said.

BK Syngal, former chairman and managing director of the erstwhile VSNL (now Tata Communications), who had orchestrated an investment of close to . 500 crore in West Bengal back in 1992, said the state needed to improve the investment climate after successive fiascos over land acquisition at Nandigram and Singur. Kolkata's subsequent emergence as a leading IT hub is credited to Syngal's initiative.

"We built the backbone of international connectivity infrastructure in West Bengal back in the early 90s as we felt safe, business-wise. Things like the AMRI fiasco strike at the very root of whatever positives that had emerged when a new government stepped into Writers Buildings six months ago," he said.

An academic, though, felt the preponderance of members of one community among those arrested was simply because that community dominated business. "I don't think this will affect either business or investor sentiment. If a particular community has been very active in various fields, especially education and healthcare, for the last 50-odd years, and if something happens, there's a high probability you'll find some of them involved, simply because there are so many of them in the field. It's not that the state government is singling them out. So, if this matter is handled properly, it will actually send out green signals," said Anindya Sen, economics professor at IIM Calcutta.

(With inputs from Kolkata ET Bureau)
http://timesofindia.indiatimes.com/business/india-business/Kolkata-Marwaris-feel-the-heat-as-Mamata-Banerjee-breathes-fire/articleshow/11385826.cms

Annaji taught me the importance of a vote'

Parakram Rautela, TNN | Jan 8, 2012, 04.41AM IST

Kamini Maan is an aspiring pilot . The 24-year-old has never voted in an election. Now, inspired by Anna Hazare's anti-corruption movement, the Delhi girl plans to vote in the coming polls

Did you take part in Anna Hazare's movement?
Yes. For the first time ever I woke up at 6.30 am, and my cousin and I went to Jantar Mantar where Annaji was fasting. We didn't really know what to do, so we were standing around when Manish Sisodia (who works with Arvind Kejriwal) came up to us and asked us whether we wanted to volunteer? We said yes. I'm not political at all. I don't really pay attention to what the Congress or the BJP is saying, but I heard what Annaji said as he spoke the common man's language. He did not use the big words used by spokespersons of different political parties.

What exactly did you hear about the fight against corruption?
I did some research online on the subject. I heard Annaji's speech on the issue of corruption and Lokpal. I studied the provisions of the Jan Lokpal Bill.

Do you think corruption is a huge problem which can only be checked by the Jan Lokpal bill?
Yes, corruption is a very big problem. I don't think the bill will get rid of all forms of corruption but, I think, it will check corruption to a very large extent.

Have you ever voted?
No, I haven't, but I had a valid reason not to do so. I didn't think my one vote would make much of a difference. That was my thinking until Annaji came about. Now, my views have changed.

So now you will vote?
Yes. That's one of the things Annaji keeps telling us. He says, "Go out and vote. Your one vote will make a difference" . I am going to follow his advice.

How will one vote make a difference?
It's not just my one vote. It's my vote and all my friends and family with me. There will be a mass movement - Facebook and Twitter spread the word so quickly nowadays - and the youth will begin to vote, and when we do, we will elect "clean" candidates.

How would you know if a candidate is clean?
The media helps. Anything a candidate says is reported and examined by newspapers and television. That makes it easier.

http://timesofindia.indiatimes.com/home/sunday-toi/special-report/Annaji-taught-me-the-importance-of-a-vote/articleshow/11408261.cms
3 JAN, 2012, 06.36AM IST, PANKAJ MISHRA & SHRUTI SABHARWAL,ET BUREAU

IT companies Infosys, TCS feel the pinch as US holds back L-1 visas

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BANGALORE: For the first time in many years, the number of short-term US visas given to Indian professionals has declined, giving credence to complaints that America is making it difficult for software companies such as Infosys and Tata Consultancy Services to send employees to their biggest market.

Approvals for L-1 visas, on which Indian software companies rely to send their most skilled professionals on assignments to the United States, were 28% lower at 25,898 in 2011, data from an independent public policy think tank based in the US show. On the other hand, such visa approvals rose by 15% for applicants from the rest of the world, leading to concerns that India is singled out for attention.

"This shows an enormous gap in visas issued as well as approval/denial rates between posts in India and the rest of the world, raising policy questions as to whether this great disparity is the result of a conscious policy at US posts in India," the National Foundation for American Policy wrote in its report.

Among the advisory members of the foundation is Columbia University economist Jagdish N Bhagwati, an advocate of global free trade. Most people in the software industry believe there is a deliberate policy of discrimination against Indians but they are wary of voicing their opinion publicly for fear of antagonising the American government.

Som Mittal, the president of software industry lobbyNasscom, said even American companies such as IBMand Accenture have been affected because the high rejection rates prevent many of their Indiabased staff from travelling to the United States.

"For us, it adds to our uncertainty and costs," he observed.

40% of Work Permits Under L1

About 25,000-35,000 Indians travel to the US every year to work on assignments for software companies. Up to 40% of work permits are usually under the L1 category meant for professionals with specialised skills such as project management.

India's $70-billion IT services sector is facing increased scrutiny from US immigration officials and other federal authorities, especially after an American employee of Infosys accused the company of abusing short-term work permits issued under B1 visa category to do software code writing.

The US has also doubled visa fees under the H1 and L1 categories that most Indian companies use. The Indian government has been urging the US, which accounts for more than half of Indian IT exports, to ease up on visa rejections but it does not appear to be making much headway.

"The release of the L1 visa data makes it difficult for US government officials to argue that nothing different is going on in India," the foundation wrote. The US State Department has been denying that anything is amiss with L1 visa approvals in India because the country gets the lion's share of such work permits. However, the foundation termed that line of argument "questionable".

"The fact that India has a large and growing pool of skilled professionals tells us nothing about whether when employers apply for L1 visas, the individual cases of such professionals are decided properly." Already facing an uncertain economic environment, companies such as TCS, Infosys and Wipro are now being forced to adopt technologies such as telepresence to compensate for the presence of an expert at the customer's site.
http://economictimes.indiatimes.com/news/nri/visa-and-immigration/IT-companies-Infosys-TCS-feel-the-pinch-as-US-holds-back-L-1-visas/articleshow/11344541.cms

23 DEC, 2011, 04.06AM IST, PRIYA ADHYARU-MAJITHIA,TNN

Indians are real fuel in America's growth engine, reveals study

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AHMEDABAD: Earlier an Indian dreamt of going to the US for better future. Today, the US beckons Indians to come and create better future for their country. The new research by US National Foundation for American Policy (USNFAP) 2011 says that 46% - 23 of the country's top 50 venture-funded companies had immigrant founders, most of them having India, especially Gujarat, as their common place of origin.

These Indians, including Gujaratis, have created an average of 150 jobs per company in the US and hence the US needs them to boost its economy when it is facing testing times.

Stuart Anderson, executive director of the National Foundation for American Policy, a public policy research organization in Arlington, Virginia, who served as executive associate Commissioner for Policy and Planning and Counsellor to the Commissioner at the Immigration and Naturalization Service, recently studied the US' 50 top venture-funded companies' histories and observed that Indian immigrants including Gujaratis are increasingly important in driving economical growth of the US.

Names of Indians including Gujarati entrepreneurs Varun Mehta and Umesh Maheshwari, founders of Nimble Storage in San Jose (2008), Ajeet Rohatgi, founder of Suniva Inc in Norcross (2007), Satish Palvai founder of Xactly Corp in San Jose (2005), R K Anand, S K Vinod, Ashok Krishnamurthi, founders of Xsigo Systems Inc in San Jose (2004), Mayank Bawa, founder of Aster Data Systems in San Calors (2005), Aayush Phumbhra, founder of Chegg Inc in Santa Clara (2007) and Samir Arora and Raj Narayan, founders of Glam Media in Brisbane (2004) are mentioned in the research for creating new jobs in the US.

"Start-up businesses are the lifeblood of the US economy," notes the research stating, "Nearly half of America's top 50 ventured backed companies and 75% of the US leading cutting-edge companies have been led by immigrants and the leading country of origin is India followed by Israel, Canada and New Zealand.

Sudhir Shah, immigration attorney said nearly 25% of Indian immigrant entrepreneurs in the US are of Guajrat origin. "These impressive numbers for immigrants are despite the fact that it is extremely difficult for a company's founder to obtain a visa to stay in the US and America's green card system for skilled immigrants produces long backlogs and years of waiting," he said.

In addition to developing new technology, entrepreneurs have helped introduce new methods of operating businesses that later became common practice, points out the research. There is an entire body of researches that says that Indian immigrant entrepreneurs contribute substantially to business development in the US. The Small Business Administration (SBA) has concluded: "Immigrants are nearly 30% more likely to start a business than non-immigrants, and they represent 16.7% of all new business owners in the US." The SBAstudy found that Indian immigrant business owners make significant contributions to business income, generating $67 billion of the $577 billion in the US business income.

Concurred an Ewing Marion Kauffman Foundation study: "Immigrants were more than twice more likely to start businesses each month in 2010 than were the native-born. Among immigrants, 620 out of 1,00,000 people started a business each month, compared with 280 out of 1,00,000 people among the native-born."

More recently, a research by the National Venture Capital Association concluded that an immigrant was a founder in one in four, or 25% of publicly traded venture-backed companies created between 1990 and 2005. The USNFAP research concludes: "While America has achieved great success as a nation of entrepreneurs, it should not assume this will continue without improved policies in immigration."



Patent firm sues German retailers over HTC phones

* IPCom says has sued German retailers * IPCom won injunction against HTC almost 3 years ago * Ruling became enforceable after HTC pulled appeal in Nov

(Adds HTC comments in paragraphs 10-11) By Christoph Steitz and Tarmo Virki FRANKFURT (Reuters) - Patent firm IPCom has sued German retailers for patent infringement for continuing to sell phones made by HTC, the No. 4 smartphone maker globally.

A court in Mannheim, Germany, ruled in February 2009 against HTC in a patent fight with IPCom, allowing an injunction against sales of HTC phones using UMTS technology and setting a penalty of up to 250,000 euros ($326,000) each time the injunction was violated.

All HTC smartphones use UMTS technology. After HTC dropped an appeal of the ruling, a court in Karlsruhe, Germany, in late November said the injunction against HTC smartphone sales in Germany could be enforced.

IPCom said in a statement on Thursday that it sent 100 retailers cease and desist requests on Dec. 6, asking them to stop selling HTC's 3G handsets by Dec. 20.

"Since this deadline has passed without any of the retailers complying, IPCom has sued them for infringement of patent #100A themselves," IPCom said, adding so far it has sued around 30 retailers.

The legal battle could cost HTC millions of euros and hurt its relations with retailers in one of its key markets.

The company sells around 2 million smartphones a year in Germany, some 4 per cent to 5 per cent of the group's total, according to research firm IDC.

"This poses another challenge for HTC in managing confidence of key distribution partners -- a further reminder of the destabalisation effect patent claims threaten to exert on the industry in 2012," said Geoff Blaber, analyst at research firm CCS Insight.

HTC said the #100a patent has never been found to have been infringed by its phones in any court of law and that it was confident the patent would be revoked at a hearing of European Patent Office on April 24, 2012.

"HTC once again confirms its position that its phones do not make use of the teaching of that patent," the company said. "HTC is committed to protecting its partners' and customers' interests."

Earlier this week HTC lost a patent case against Apple Inc in the United States, the market that generates half of its revenues. HTC said that it could soon replace phones with the disputed technology with new models.

IPCom acquired Bosch's mobile telephony patent portfolio, created between the mid-1980s and 2000, which includes about 160 patent families worldwide, including some of the key patents in the wireless industry, such as patent 100, which standardises a cellphone's first connection to a network.

Several of the top phone makers have signed a licensing deal with IPCom, but HTC and Nokia have challenged IPCom's technology patents in courts across Europe.

IPCom said by continuing to use its patents without paying a fair compensation IPCom could in the future legally refuse HTC a licence for its standard-essential patents.
http://economictimes.indiatimes.com/news/nri/visa-and-immigration/indians-are-real-fuel-in-americas-growth-engine-reveals-study/articleshow/11213997.cms

8 JAN, 2012, 06.57AM IST, SHAJI VIKRAMAN,ET BUREAU

Will the wealthy foreigners directly buy Indian stocks?

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CJ George, managing director of financial services firmGeojit BNP Paribas, is no stranger to foreign investors, especially from West Asia where he has forged business ties and runs a realty fund in one of the Gulf countries.

But George, a three-decade veteran in the stock-broking business, was pleasantly surprised this week when a Polish investor wrote to his firm enquiring about India's decision to allow foreign individual investors to buy into Indian stocks directly.

On January 1, the government announced a scheme which would allow foreign individuals, foreign pension funds and foreign trusts to invest directly in the Indian equity market. These investors, called 'Qualified Foreign Investors' (QFIs), were earlier allowed to invest only in Indian mutual funds.

For long, Indian administrators had kept foreign individual investors at bay arguing that allowing their entry would lead to routing of slush money and funds from dubious sources. Barred direct entry into the Indian stock markets, foreign individual investors and other institutional investors had to access the markets through participatory notes (PNs), derivative instruments that allow offshore entities to trade in Indian stocks anonymously.

Some believe that the QFI route may, over time, emerge as a preferred option for relatively savvy foreign individual investors.

"Compared to the initial move to restrict QFI investment to mutual funds, this has more promise as it allows foreigners to buy stocks of their choice. And if you take into account that only investors from jurisdictions which are signatories to strong anti-money laundering rules are allowed to invest directly, the quality of money will be superior," says C Jayaram, joint managing director of Kotak Mahindra Bank which has offices overseas to handle equity investors.

George believes that the familiarity about Indian corporates among a growing number of foreign individual investors (not just non-resident Indians) will weigh in favour of the QFI scheme. Take engineering giant Larsen and Toubro. The company's significant presence in West Asia could prod individual investors who have done business with the firm to buy the stock. Software firm Infosys is another draw for overseas investors, he says.

The QFI scheme will also mean that overseas investors will have more shareholder engagement with the managements of these companies, something that they did not enjoy while investing through the PN route. Firms like Geojit plan to make presentations on top Indian companies to potential clients who sign up as QFIsto help them make investment decisions.

For now, there is a broad consensus that money will flow initially into a handful of large-cap stocks or to companies which foreign investors are familiar with. That is not surprising considering that foreign institutional investors have preferred the relative safety of companies with size and whose stocks are more liquid and listed elsewhere in the world in the form of global depository receipts.

Indian policymakers say that it will be relatively stable money coming in as it is from individuals rather than portfolio investors who are driven by the herd mentality. George says as sentiment improves, there could be opportunities for companies to raise money from foreign individual investors.
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http://economictimes.indiatimes.com/markets/analysis/will-the-wealthy-foreigners-directly-buy-indian-stocks/articleshow/11403692.cms

    
    

    
    
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Palash Biswas
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