results.vtu.ac.in - vtu 4th sem results
Visvesvaraya Technological University (VTU) 4th semister Exam results,results.vtu.ac.in,vtu 4th sem results, vtu, vtu results, vtu.ac.in
Visvesvaraya Technological University ( vtu )3rd and 4th sem B.E/B.Tech. Results announced for Belgaum and Gulbarga regions Results of Special Examinations
VTU has released its 3rd and 4th B.E/B.Tech Results for Belgaum and Gulbarga regions .The results can be seen online in the following site http://results.vtu.ac.in/
Visvesvaraya Technological University ( vtu )
3rd and 4th sem B.E/B.Tech. Reults announced for Belgaum and Gulbarga regions
Results of Special Examinations of CIP71/81 conducted on 4 August 2008 is announced on www.vtu.ac.in
http://results.vtu.ac.in/
VTU Visvesvaraya Technological University , vtu.ac.in. ... Provisional Result of Special Exams CIP71/81 held on 4th August 2008
Tags: vtu 4th sem results, vtu, vtu results, vtu.ac.in, www.results.vtu.ac.in
Saturday, August 30, 2008
Sixth pay commission | 6th pay commission: Govt brings out notification for Sixth pay commission report
Sixth pay commission | 6th pay commission: Govt brings out notification for Sixth pay commission report
NEW DELHIOver 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government today notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC proposals had received a seal of approval from the union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24 this year.
The CPC recommendations and the subsequent government decision with regard to revised scales of pay and dearness allowance for civilian employees of the central government would be made retrospectively effective from January 1, 2006, the notification said.
However, the revised allowances, other than dearness allowance, would be effective only from September 1 this year. On payment of arrears, the government has modified to the extent that the arrears would be paid in cash in two installments - first installment of 40 per cent this financial year (2008-09) and the remaining 60 per cent in the next financial year (2009-10).
The government has approved the setting up of a committee to examine individual, post-specific and cadre-specific anomalies. The committee should try to complete the work in one year, the notification said.
Providing for post-notification changes in the CPC report, the government said "the department specific recommendations" will be processed by concerned departments and ministries and approval of the government obtained in consultations with the Finance Ministry or Department of Personnel and Training.
Tags: Sixth Central Pay Commission,6th CPC,6th Central pay commission
Source: http://economictimes.indiatimes.com/
NEW DELHIOver 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government today notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC proposals had received a seal of approval from the union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24 this year.
The CPC recommendations and the subsequent government decision with regard to revised scales of pay and dearness allowance for civilian employees of the central government would be made retrospectively effective from January 1, 2006, the notification said.
However, the revised allowances, other than dearness allowance, would be effective only from September 1 this year. On payment of arrears, the government has modified to the extent that the arrears would be paid in cash in two installments - first installment of 40 per cent this financial year (2008-09) and the remaining 60 per cent in the next financial year (2009-10).
The government has approved the setting up of a committee to examine individual, post-specific and cadre-specific anomalies. The committee should try to complete the work in one year, the notification said.
Providing for post-notification changes in the CPC report, the government said "the department specific recommendations" will be processed by concerned departments and ministries and approval of the government obtained in consultations with the Finance Ministry or Department of Personnel and Training.
Tags: Sixth Central Pay Commission,6th CPC,6th Central pay commission
Source: http://economictimes.indiatimes.com/
Govt notifies revised Sixth pay panel recommendation
Govt notifies revised Sixth pay panel recommendation
NI Wire
New Delhi, Sat, 30 Aug 2008
For implementing the modified Sixth Pay Panel report on the schedule time, the Government of India on Friday night issued the notification regarding Sixth Pay Panel recommendation. This notification refers that government is on the move of ‘salary fixation’ as per final report of the panel and is going to implement it on its schedule time on September 01, 2008.
The government has accepted most of the recommendations of Sixth Pay Panel while four recommendations have been rejected and some are still under examination that will be either implemented or scrapped depending upon scrutiny committee report.
In the issued notification government has said, “With regard to fixation of pay in the revised pay bands, the basic pay drawn as on 1.1.2006 on the existing fifth CPC pay scales will be multiplied by a factor of 1.86 and then rounded off to next multiple of 10.”
It means the basic pay of 5th pay scale on January 1, 2006, would be multiplied by 1.86 and then rounded off by next multiplication of 10. This will be the pay in the revised running pay band.
The union cabinet had approved it on August 14, 2008, with slight modifications and this final report will be implemented from September 01, 2008, which will be effective from January 01, 2006, as per recommendation.
This implementation of Sixth Pay Revision (SPR) will benefit over 5-millions of Central employees.
The government has hiked the average salary by 21% while the arrears- the difference between the disbursed salaries and overdue in the payments- would be given in cash bifurcating 40% in this fiscal while remaining 60% in the next fiscal.
This SPR would put additional burden on Central Government budget of Rs. 15,700-crore and on Railway of Rs.6,400-crore.
Here is the highlight of notification of Sixth Pay Scale:
Accepted Recommendation
Four Pay bands have accepted comprising 20 pay scales. Government has revised four pay bands by reducing 3 and introducing new higher pay band- pay band – 4.
The Pay Band–1: Rs. 5,200-20,2000
Pay Band–2: Rs.9,300- 34,800
Pay Band-3: Rs.37,400- 67,000
Pay Band–4: Rs. 75,500- 80,000 (with annual increment of 3%)
The government has approved the annual increment of 3% in the salary of defence and civil employees.
Three promotions have been assured in 10, 20 and 30 years of service for the civil employees, while for the defence personnel it will be 8, 16 and 24 years.
Minimum Basic Pay of the employee will be Rs. 7,000 which would exceed Rs. 10,000 after including allowances.
The chairpersons and members of five regulators - Telecom Regulatory Authority of India (TRAI), Insurance Regulatory and Development Authority (IRDA), Central Electricity Regulatory Commission (CERC), Securities and Exchange Board of India (SEBI) and Competition Commission of India (CCI) — will get salary in the range of Rs 2.5 lakh to Rs.3 lakh per month.
The Union Cabinet Secretary will get Rs. 90,000/- while others top secretaries will get Rs. 80,000 per month.
Travel allowance (TA) will be eligible for those employees who live in the campus, and government has hiked the TA by Rs. 200 for A1 and A class cities and Rs. 100 for others. Now, it would be Rs. 6,00 for A-1 and A class cities and Rs. 400 for other cities.
Pension is now applicable for only 20-year of job tenure.
Recommendation Rejected
City Compensatory Allowance: A special compensation to hill area, remote locality, tribal area and band climate areas employees, while those who will go anywhere for specific project will also get the special compensation for that tenure.
Severance Package: Those who would leave service between the tenure of 15 –20 years.
The recommendation of reducing government holidays to only 3 and flexi hours duty for women and disable persons.
Under Consideration
Bonus and Over Time Allowance, corporatising Indian Railways, lateral shift of defence personnel to Central paramilitary forces, introduction of a health insurance scheme, merger of accounts services, ending of the Indian Telecom Service and the Telecom Commission, outsourcing commutation of pension to a public sector undertaking, bank or institution.
Source: http://www.newstrackindia.com/newsdetails/14296
NI Wire
New Delhi, Sat, 30 Aug 2008
For implementing the modified Sixth Pay Panel report on the schedule time, the Government of India on Friday night issued the notification regarding Sixth Pay Panel recommendation. This notification refers that government is on the move of ‘salary fixation’ as per final report of the panel and is going to implement it on its schedule time on September 01, 2008.
The government has accepted most of the recommendations of Sixth Pay Panel while four recommendations have been rejected and some are still under examination that will be either implemented or scrapped depending upon scrutiny committee report.
In the issued notification government has said, “With regard to fixation of pay in the revised pay bands, the basic pay drawn as on 1.1.2006 on the existing fifth CPC pay scales will be multiplied by a factor of 1.86 and then rounded off to next multiple of 10.”
It means the basic pay of 5th pay scale on January 1, 2006, would be multiplied by 1.86 and then rounded off by next multiplication of 10. This will be the pay in the revised running pay band.
The union cabinet had approved it on August 14, 2008, with slight modifications and this final report will be implemented from September 01, 2008, which will be effective from January 01, 2006, as per recommendation.
This implementation of Sixth Pay Revision (SPR) will benefit over 5-millions of Central employees.
The government has hiked the average salary by 21% while the arrears- the difference between the disbursed salaries and overdue in the payments- would be given in cash bifurcating 40% in this fiscal while remaining 60% in the next fiscal.
This SPR would put additional burden on Central Government budget of Rs. 15,700-crore and on Railway of Rs.6,400-crore.
Here is the highlight of notification of Sixth Pay Scale:
Accepted Recommendation
Four Pay bands have accepted comprising 20 pay scales. Government has revised four pay bands by reducing 3 and introducing new higher pay band- pay band – 4.
The Pay Band–1: Rs. 5,200-20,2000
Pay Band–2: Rs.9,300- 34,800
Pay Band-3: Rs.37,400- 67,000
Pay Band–4: Rs. 75,500- 80,000 (with annual increment of 3%)
The government has approved the annual increment of 3% in the salary of defence and civil employees.
Three promotions have been assured in 10, 20 and 30 years of service for the civil employees, while for the defence personnel it will be 8, 16 and 24 years.
Minimum Basic Pay of the employee will be Rs. 7,000 which would exceed Rs. 10,000 after including allowances.
The chairpersons and members of five regulators - Telecom Regulatory Authority of India (TRAI), Insurance Regulatory and Development Authority (IRDA), Central Electricity Regulatory Commission (CERC), Securities and Exchange Board of India (SEBI) and Competition Commission of India (CCI) — will get salary in the range of Rs 2.5 lakh to Rs.3 lakh per month.
The Union Cabinet Secretary will get Rs. 90,000/- while others top secretaries will get Rs. 80,000 per month.
Travel allowance (TA) will be eligible for those employees who live in the campus, and government has hiked the TA by Rs. 200 for A1 and A class cities and Rs. 100 for others. Now, it would be Rs. 6,00 for A-1 and A class cities and Rs. 400 for other cities.
Pension is now applicable for only 20-year of job tenure.
Recommendation Rejected
City Compensatory Allowance: A special compensation to hill area, remote locality, tribal area and band climate areas employees, while those who will go anywhere for specific project will also get the special compensation for that tenure.
Severance Package: Those who would leave service between the tenure of 15 –20 years.
The recommendation of reducing government holidays to only 3 and flexi hours duty for women and disable persons.
Under Consideration
Bonus and Over Time Allowance, corporatising Indian Railways, lateral shift of defence personnel to Central paramilitary forces, introduction of a health insurance scheme, merger of accounts services, ending of the Indian Telecom Service and the Telecom Commission, outsourcing commutation of pension to a public sector undertaking, bank or institution.
Source: http://www.newstrackindia.com/newsdetails/14296
Payment on allotment trial from September 8
Payment on allotment trial from September 8
IPO REFORMS
Priya Nadkarni / Mumbai August 30, 2008, 0:04 IST
Reforms in the primary market may witness a further thrust as capital market intermediaries get ready to implement Application Supported by Blocked Amount (ASBA) in the initial public offers (IPOs), an alternative mode of payment proposed by the Securities and Exchange Board of India (Sebi).
The pilot project to implement ASBA is likely to kick off from September 8 with the IPO of Gujarat-based 20 Microns, a manufacturer of white minerals, said a banker familiar with the process. 20 Microns will tap the primary markets with an IPO of 43,50,632 equity shares of Rs 10 each. The issue is slated to close on September 11.
Sebi has informed the book-running lead manager of the issue — Keynote Corporate Services — and all bankers that the ASBA process will be kicked off with this IPO, the banker added. So far, Sebi has granted Self Certified Syndicate Bank (SCSB) status to five banks — Corporation Bank, Union Bank of India, HDFC Bank, State Bank of India and ICICI Bank.
The 20 Microns issue will have all five banks acting as SCSBs. The nodal or controlling branches for all the banks are in Mumbai, while they have designated branches (DBs) all over the country. The process will co-exist with the current process, where bids are put through syndicate/sub-syndicate members with cheque as a payment instrument.
SCSBs would accept the applications, block the fund to the extent of bid payment amount, upload the details in the electronic bidding system of BSE or NSE, unblock once basis of allotment is finalised and transfer the amount for allotted shares, to the issuer.
The National Stock Exchange of India completed mock electronic bidding process for implementing ASBA on August 14. The Bombay Stock Exchange is still conducting the mock e-bidding process and it will be complete before the pilot project begins on September 8.
This is how the process will take place: A retail investor (who has a bank account with the SCSB) will approach a DB of one of these banks and put in his bid. In the case of 20 Microns, it will be Rs 55 a share since the price band of the issue is Rs 50-55 a share.
After the DBs verify the data (permanent account number, Depository participant ID and client ID), they will upload files with the nodal branch, which will in turn upload data into NSE/BSE application. They will also freeze the amount from the client’s account.
The banks will then upload the accepted data into registrar’s application. The exchanges will scrutinise the data and will report invalid entries to the bank. They will also convert the bank data into valid bids in the exchange application.
The registrars will download the data from the bank and from the exchange and reconcile the data, validate the the IDs and then allot the shares as per the basis of allotment, fixed by investment bankers along with the company.
Once this is done, the banks will be intimated and money will be released from the investor’s account.
The money will be deposited into the escrow account. This will speeden up the IPO process and consequently reduce the number of days between the IPO closure and the day shares get listed on the exchanges.
Source: http://www.business-standard.com/
IPO REFORMS
Priya Nadkarni / Mumbai August 30, 2008, 0:04 IST
Reforms in the primary market may witness a further thrust as capital market intermediaries get ready to implement Application Supported by Blocked Amount (ASBA) in the initial public offers (IPOs), an alternative mode of payment proposed by the Securities and Exchange Board of India (Sebi).
The pilot project to implement ASBA is likely to kick off from September 8 with the IPO of Gujarat-based 20 Microns, a manufacturer of white minerals, said a banker familiar with the process. 20 Microns will tap the primary markets with an IPO of 43,50,632 equity shares of Rs 10 each. The issue is slated to close on September 11.
Sebi has informed the book-running lead manager of the issue — Keynote Corporate Services — and all bankers that the ASBA process will be kicked off with this IPO, the banker added. So far, Sebi has granted Self Certified Syndicate Bank (SCSB) status to five banks — Corporation Bank, Union Bank of India, HDFC Bank, State Bank of India and ICICI Bank.
The 20 Microns issue will have all five banks acting as SCSBs. The nodal or controlling branches for all the banks are in Mumbai, while they have designated branches (DBs) all over the country. The process will co-exist with the current process, where bids are put through syndicate/sub-syndicate members with cheque as a payment instrument.
SCSBs would accept the applications, block the fund to the extent of bid payment amount, upload the details in the electronic bidding system of BSE or NSE, unblock once basis of allotment is finalised and transfer the amount for allotted shares, to the issuer.
The National Stock Exchange of India completed mock electronic bidding process for implementing ASBA on August 14. The Bombay Stock Exchange is still conducting the mock e-bidding process and it will be complete before the pilot project begins on September 8.
This is how the process will take place: A retail investor (who has a bank account with the SCSB) will approach a DB of one of these banks and put in his bid. In the case of 20 Microns, it will be Rs 55 a share since the price band of the issue is Rs 50-55 a share.
After the DBs verify the data (permanent account number, Depository participant ID and client ID), they will upload files with the nodal branch, which will in turn upload data into NSE/BSE application. They will also freeze the amount from the client’s account.
The banks will then upload the accepted data into registrar’s application. The exchanges will scrutinise the data and will report invalid entries to the bank. They will also convert the bank data into valid bids in the exchange application.
The registrars will download the data from the bank and from the exchange and reconcile the data, validate the the IDs and then allot the shares as per the basis of allotment, fixed by investment bankers along with the company.
Once this is done, the banks will be intimated and money will be released from the investor’s account.
The money will be deposited into the escrow account. This will speeden up the IPO process and consequently reduce the number of days between the IPO closure and the day shares get listed on the exchanges.
Source: http://www.business-standard.com/
Kalpana Morparia quits ICICI to join JP Morgan
Kalpana Morparia quits ICICI to join JP Morgan
Mumbai: Kalpana Morparia, the high profile banking official who has been with ICICI Bank for 33 years, is now leaving the bank .
It is learnt that Morparia will join the international investment bank JP Morgan. ICICI Bank in a statement said that Morparia, Vice-Chair, Insurance, Securities and Asset Management and Chief Strategy and Communications Officer – ICICI Group, was leaving the group to pursue other opportunities.
Morparia joined erstwhile ICICI Ltd in 1975 and became a member of the Board of Directors in 2001.
She retired from the Board of Directors of ICICI Bank in 2007 as Joint Managing Director, following which she took charge of her current post in the group. She played a key role in ICICI Group’s capital raising exercise as well as the merger of ICICI Ltd with ICICI Bank in 2002.
As head of the Corporate Centre of ICICI Bank till 2007, she was responsible for a range of functions such as planning and strategy, financial reporting, risk management and human resources management. She was also the official spokesperson for ICICI Bank.
Since 2007, she has focused on guiding the Group’s insurance, asset management and securities businesses.
Morparia was quoted in a news agency report saying, “JP Morgan has established a strong and highly respected franchise in India which will support plans to expand all three lines of business - investment banking, asset wealth management and treasury and securities services.”
The agency report also quoted J P Morgan Chairman and Chief Executive, Asia Pacific, Gaby Abdelnour as saying, “Morparia offers J P Morgan a tremendous opportunity to accelerate the progress we have made in building our Indian franchise.”
Source: http://sify.com/
Mumbai: Kalpana Morparia, the high profile banking official who has been with ICICI Bank for 33 years, is now leaving the bank .
It is learnt that Morparia will join the international investment bank JP Morgan. ICICI Bank in a statement said that Morparia, Vice-Chair, Insurance, Securities and Asset Management and Chief Strategy and Communications Officer – ICICI Group, was leaving the group to pursue other opportunities.
Morparia joined erstwhile ICICI Ltd in 1975 and became a member of the Board of Directors in 2001.
She retired from the Board of Directors of ICICI Bank in 2007 as Joint Managing Director, following which she took charge of her current post in the group. She played a key role in ICICI Group’s capital raising exercise as well as the merger of ICICI Ltd with ICICI Bank in 2002.
As head of the Corporate Centre of ICICI Bank till 2007, she was responsible for a range of functions such as planning and strategy, financial reporting, risk management and human resources management. She was also the official spokesperson for ICICI Bank.
Since 2007, she has focused on guiding the Group’s insurance, asset management and securities businesses.
Morparia was quoted in a news agency report saying, “JP Morgan has established a strong and highly respected franchise in India which will support plans to expand all three lines of business - investment banking, asset wealth management and treasury and securities services.”
The agency report also quoted J P Morgan Chairman and Chief Executive, Asia Pacific, Gaby Abdelnour as saying, “Morparia offers J P Morgan a tremendous opportunity to accelerate the progress we have made in building our Indian franchise.”
Source: http://sify.com/
Chewing gum may be the best stress buster
Chewing gum may be the best stress buster
WASHINGTON: Chewing gum can reduce stress and anxiety, according to a new research.
The study, to be presented at the 2008 10th International Congress of Behavioral Medicine, found that chewing gum helped relieve anxiety, improve alertness and reduce stress among individuals in a laboratory setting.
The study examined whether chewing gum is capable of reducing induced anxiety and/or acute psychological stress while participants performed a battery of 'multi-tasking' activities.
The use of chewing gum was associated with higher alertness, reduced anxiety and stress, and improvement in overall performance on multi-tasking activities.
Andrew Scholey, Ph D, professor of Behavioral and Brain Sciences, Swinburne University in Melbourne, Australia led the research study.
In the 40-person study of gum chewers averaging an age of 22 years old, performed on the Defined Intensity Stressor Simulation (DISS), a multi-tasking platform which reliably induces stress and also includes performance measures, while chewing and not chewing gum.
Anxiety, alertness and stress levels were measured before and after participants completed the DISS. Gum chewers showed a reduction in anxiety as compared to non-gum chewers by nearly 17 per cent during mild stress and nearly 10 per cent in moderate stress. Participants experienced greater levels of alertness when they chewed gum.
Gum chewers showed improvement in alertness over non-gum chewers by nearly 19 per cent during mild stress and 8 percent in moderate stress.
Levels of salivary cortisol (a physiological stress marker) in gum chewers were lower than those of non-gum chewers by 16 percent during mild stress and nearly 12 per cent in moderate stress.
Chewing gum resulted in a significant improvement in overall performance on multi-tasking activities. Both gum-chewers and non-chewers showed improvement from their baseline scores; however, chewing gum improved mean performance scores over non-gum chewers by 67 per cent during moderate stress and 109 per cent in mild stress.
Source: economictimes.indiatimes.com
WASHINGTON: Chewing gum can reduce stress and anxiety, according to a new research.
The study, to be presented at the 2008 10th International Congress of Behavioral Medicine, found that chewing gum helped relieve anxiety, improve alertness and reduce stress among individuals in a laboratory setting.
The study examined whether chewing gum is capable of reducing induced anxiety and/or acute psychological stress while participants performed a battery of 'multi-tasking' activities.
The use of chewing gum was associated with higher alertness, reduced anxiety and stress, and improvement in overall performance on multi-tasking activities.
Andrew Scholey, Ph D, professor of Behavioral and Brain Sciences, Swinburne University in Melbourne, Australia led the research study.
In the 40-person study of gum chewers averaging an age of 22 years old, performed on the Defined Intensity Stressor Simulation (DISS), a multi-tasking platform which reliably induces stress and also includes performance measures, while chewing and not chewing gum.
Anxiety, alertness and stress levels were measured before and after participants completed the DISS. Gum chewers showed a reduction in anxiety as compared to non-gum chewers by nearly 17 per cent during mild stress and nearly 10 per cent in moderate stress. Participants experienced greater levels of alertness when they chewed gum.
Gum chewers showed improvement in alertness over non-gum chewers by nearly 19 per cent during mild stress and 8 percent in moderate stress.
Levels of salivary cortisol (a physiological stress marker) in gum chewers were lower than those of non-gum chewers by 16 percent during mild stress and nearly 12 per cent in moderate stress.
Chewing gum resulted in a significant improvement in overall performance on multi-tasking activities. Both gum-chewers and non-chewers showed improvement from their baseline scores; however, chewing gum improved mean performance scores over non-gum chewers by 67 per cent during moderate stress and 109 per cent in mild stress.
Source: economictimes.indiatimes.com
World Phone introduces cable broadband internet at Rs95 per month news
World Phone introduces cable broadband internet at Rs95 per month news
Category ''A'' internet service provider World Phone Internet Services Pvt. Ltd, today said it had enetered into cable broadband internet service for Delhi and the National Capital Region at a low tariff of Rs95 per month.
''We hope that with this price tag and the quality of service we will be able to garner at least 5,000 subscriber in the first three months,'' said Aditya Ahluwalia, chairman, World Phone Internet Services Pvt. Ltd. ''Lower monthly commitment would be a strong and bold step by World Phone for enhancing broadband penetration in masses,'' he further added.
Ahluwalia disclosed that World Phone had entered into agreement with the television cable operators across Delhi and NCR for providing this service. Customers subscribing to World Phone's new monthly internet service tariff of Rs95 will get a speed of up to 256kbps with a 200MB data download limit.
As of now the services would be available in select areas only. After Delhi, World Phone plan to launch broadband in Mumbai, Jaipur, Ahmedabad, Hyderabad and Kolkata in coming months.
Ahluwalia also said World Phone had other plans like unlimited plan, hourly plan and data limit based plan to suit different requirements of internet users.
World Phone will also start the concept of offering pre-paid service, using recharge vouchers from the cable operator.
This price band at its lowest rates is not the first time that the company has broken trends of high charges. Last year, World Phone became the first Indian internet service provider to announce the lowest possible tariff for its international call rates to USA, UK, Australia and Canada.
''World Phone Internet services private Limited has ushered a new era in communications for India. We offer a simple and dependable technology that will never let our subscriber down. Backed by constant innovations and a 24x7 customer support, a World Phone connection will ensure the user is connected to the world at all times'' added Ahluwalia.
Source: http://www.domain-b.com/
Category ''A'' internet service provider World Phone Internet Services Pvt. Ltd, today said it had enetered into cable broadband internet service for Delhi and the National Capital Region at a low tariff of Rs95 per month.
''We hope that with this price tag and the quality of service we will be able to garner at least 5,000 subscriber in the first three months,'' said Aditya Ahluwalia, chairman, World Phone Internet Services Pvt. Ltd. ''Lower monthly commitment would be a strong and bold step by World Phone for enhancing broadband penetration in masses,'' he further added.
Ahluwalia disclosed that World Phone had entered into agreement with the television cable operators across Delhi and NCR for providing this service. Customers subscribing to World Phone's new monthly internet service tariff of Rs95 will get a speed of up to 256kbps with a 200MB data download limit.
As of now the services would be available in select areas only. After Delhi, World Phone plan to launch broadband in Mumbai, Jaipur, Ahmedabad, Hyderabad and Kolkata in coming months.
Ahluwalia also said World Phone had other plans like unlimited plan, hourly plan and data limit based plan to suit different requirements of internet users.
World Phone will also start the concept of offering pre-paid service, using recharge vouchers from the cable operator.
This price band at its lowest rates is not the first time that the company has broken trends of high charges. Last year, World Phone became the first Indian internet service provider to announce the lowest possible tariff for its international call rates to USA, UK, Australia and Canada.
''World Phone Internet services private Limited has ushered a new era in communications for India. We offer a simple and dependable technology that will never let our subscriber down. Backed by constant innovations and a 24x7 customer support, a World Phone connection will ensure the user is connected to the world at all times'' added Ahluwalia.
Source: http://www.domain-b.com/
Milkha Singh wants action against Anju
Milkha Singh wants action against Anju
Legendary athlete Milkha Singh on Friday demanded action against Anju Bobby George for her Olympic flop-show and said the star long-jumper was ill-prepared going into the quadrennial extravaganza in Beijing.
"Her performance was very disappointing. She could not record even one valid jump, all three of her attempts ended in fouls. I think the AFI (Athletics Federation of India) should take action against her for such a performance," Milkha said.
"Anju spent a lot of time training abroad but could not deliver. I have been saddened by her performance," he said on the sidelines of the national Sports Awards ceremony at the Rashtrapati Bhawan.
Milkha, in fact, lambasted the entire athletics contingent for failing to even match their personal bests in Beijing.
"The performance was bad and it is so disappointing to see our athletes not even recording their personal bests. We need to make sure that the athletes who go to represent us at such events are prepared to the best of their abilities," he said.
"We are not short of talent or money. We just need to ensure that athletes get the best of facilities and encouragement," he added.
Milkha, however, was mighty impressed with India's overall Olympic performance.
"I wanted to see India win a gold in my lifetime and Abhinav Bindra fulfilled that dream. Our boxers and wrestlers also performed really well," he said.
"But it should not stop at this and we need to make sure that we groom more talent that can bring us a bagful of medals at the 2010 Commonwealth Games and the 2012 Olympic Games in London. For this to happen the training of the athletes has to be good," he added.
On this year's Arjuna awardees selected by a committee headed by him, Milkha said, "The number of awardees could have been higher but the standard of athletes was not all that good. That is why we decided to give away just 11 awards instead of the 15th that are usually handed out."
Source: http://www.ndtv.com/
Legendary athlete Milkha Singh on Friday demanded action against Anju Bobby George for her Olympic flop-show and said the star long-jumper was ill-prepared going into the quadrennial extravaganza in Beijing.
"Her performance was very disappointing. She could not record even one valid jump, all three of her attempts ended in fouls. I think the AFI (Athletics Federation of India) should take action against her for such a performance," Milkha said.
"Anju spent a lot of time training abroad but could not deliver. I have been saddened by her performance," he said on the sidelines of the national Sports Awards ceremony at the Rashtrapati Bhawan.
Milkha, in fact, lambasted the entire athletics contingent for failing to even match their personal bests in Beijing.
"The performance was bad and it is so disappointing to see our athletes not even recording their personal bests. We need to make sure that the athletes who go to represent us at such events are prepared to the best of their abilities," he said.
"We are not short of talent or money. We just need to ensure that athletes get the best of facilities and encouragement," he added.
Milkha, however, was mighty impressed with India's overall Olympic performance.
"I wanted to see India win a gold in my lifetime and Abhinav Bindra fulfilled that dream. Our boxers and wrestlers also performed really well," he said.
"But it should not stop at this and we need to make sure that we groom more talent that can bring us a bagful of medals at the 2010 Commonwealth Games and the 2012 Olympic Games in London. For this to happen the training of the athletes has to be good," he added.
On this year's Arjuna awardees selected by a committee headed by him, Milkha said, "The number of awardees could have been higher but the standard of athletes was not all that good. That is why we decided to give away just 11 awards instead of the 15th that are usually handed out."
Source: http://www.ndtv.com/
Jimmy goes to Hollywood
Jimmy goes to Hollywood
SUDESHNA BANERJEE
Calcutta, Aug. 27: Bappi Lahiri’s Jimmy has disco danced its way to Hollywood.
Adam Sandler’s latest flick, You Don’t Mess With The Zohan, which hits the halls on September 19, features Jimmy Jimmy Aaja Aaja, a chartbuster from the 1983 superhit film Disco Dancer. The song was picturised on Mithun Chakraborty.
“They are keeping the original song as was sung by Parvati (Khan). The situation is supposed to be a Bollywood night with people dancing. I have asked them to send me the DVD,” Lahiri, who earned the sobriquet “disco king” for his music in films like Disco Dancer and Dance Dance, told The Telegraph on Wednesday.
Columbia Pictures, the producers of Zohan, have taken the requisite permission from Saregama, which holds the rights for the music of Disco Dancer.
“A publishing company called The Royal Network represents our catalogue in the West. The deal was handled by them,” said Atul Churamani, vice-president, Saregama.
Lahiri has reasons to feel relieved at being given credit by the West. In 2002, he had to fight a $500 million case in US courts against Dr Dre, the producer of a single called Addictive by R&B singer Truth Hurts, for unauthorised sampling of his song Kaliyon Ka Chaman, sung by Lata Mangeshkar. He had won a court injunction halting the album’s sale.
Since then, the West seems to be handling Lahiri with care. Last year, a London-based singer, M.I.A, recorded a remixed version of Jimmy Jimmy, which carried the line “Written by Bappi Lahiri”. The album reached the top 10 on the UK charts.
Saregama is happy its archives are yielding a fresh source of revenue. “Melody writing is dying worldwide. With India becoming cool, our older songs, rich in melody, are finding new takers,” Churamani said.
Saregama owns 20 per cent rights to The Black-Eyed Peas number Don’t Phunk With My Heart, which uses the tune of the Asha Bhonsle number Aye Naujawan from the 1972 film Apradh.
Zohan is the story of a Mossad agent, Zohan Dvir, who fakes his death so he can re-emerge in New York as a hair stylist.
Source: http://www.telegraphindia.com/
SUDESHNA BANERJEE
Calcutta, Aug. 27: Bappi Lahiri’s Jimmy has disco danced its way to Hollywood.
Adam Sandler’s latest flick, You Don’t Mess With The Zohan, which hits the halls on September 19, features Jimmy Jimmy Aaja Aaja, a chartbuster from the 1983 superhit film Disco Dancer. The song was picturised on Mithun Chakraborty.
“They are keeping the original song as was sung by Parvati (Khan). The situation is supposed to be a Bollywood night with people dancing. I have asked them to send me the DVD,” Lahiri, who earned the sobriquet “disco king” for his music in films like Disco Dancer and Dance Dance, told The Telegraph on Wednesday.
Columbia Pictures, the producers of Zohan, have taken the requisite permission from Saregama, which holds the rights for the music of Disco Dancer.
“A publishing company called The Royal Network represents our catalogue in the West. The deal was handled by them,” said Atul Churamani, vice-president, Saregama.
Lahiri has reasons to feel relieved at being given credit by the West. In 2002, he had to fight a $500 million case in US courts against Dr Dre, the producer of a single called Addictive by R&B singer Truth Hurts, for unauthorised sampling of his song Kaliyon Ka Chaman, sung by Lata Mangeshkar. He had won a court injunction halting the album’s sale.
Since then, the West seems to be handling Lahiri with care. Last year, a London-based singer, M.I.A, recorded a remixed version of Jimmy Jimmy, which carried the line “Written by Bappi Lahiri”. The album reached the top 10 on the UK charts.
Saregama is happy its archives are yielding a fresh source of revenue. “Melody writing is dying worldwide. With India becoming cool, our older songs, rich in melody, are finding new takers,” Churamani said.
Saregama owns 20 per cent rights to The Black-Eyed Peas number Don’t Phunk With My Heart, which uses the tune of the Asha Bhonsle number Aye Naujawan from the 1972 film Apradh.
Zohan is the story of a Mossad agent, Zohan Dvir, who fakes his death so he can re-emerge in New York as a hair stylist.
Source: http://www.telegraphindia.com/
Wanted Review
Wanted Review
Cast: James McAvoy , Morgan Freeman, Angelina Jolie
Director: Timur Bekmambetov
Genre: Action, Drama, Thriller
Review: Wanted
Anupama Chopra, Consulting Editor, Films
Wanted is the ultimate male fantasy. A mousy office accountant, played by James McVoy, lives a meek, miserable life. At work, his fat boss brutalises him and at home, his girlfriend, who happens to be sleeping with his friend, nags him.
He tells us that the only thing he cares about is the fact that he doesn't care about anything.
And then one day, Angelina Jolie, shows up and informs him that his father was one of the greatest assassins who ever lived and now he must continue the legacy.
Our accountant, trained by a thousand-year-old fraternity of assassins, then transforms into a buffed-up, kick-ass killer and he even gets to lock lips with the divine Ms Jolie who looks like she has descended from some superior race of beings.
As I watched her, all sexy smirk and tattoos, I thought: She's definitely not one of us.
Wanted is the Hollywood debut of Russian film director Timur Bekmambetov, who earlier created the vampire blockbusters Day Watch and Night Watch.
This film also features hypnotic action, a propulsive pace and stunning images. You might think you've seen every kind of movie violence there is but have you ever seen a bullet exit slowly from a man's forehead and watched how the blood curls up behind.
Bekmambetov's audacity and imagination propel the first half hour of the film but beyond a point, the style cannot disguise the silliness. The film originates from a comic-book series so we're not expecting subtext or nuances but the plot twists here require you to check-in logic at the gate.
By the time, Morgan Freeman, in yet another God-type role, pointed at a giant loom and declared: this is the loom of fate, I was laughing out loud.
Wanted is giddy on guns, violence and adolescent machismo. For a certain demographic - men under 25 - its manna from heaven but the rest of us can do quite nicely without it.
Source: http://movies.ndtv.com/
Cast: James McAvoy , Morgan Freeman, Angelina Jolie
Director: Timur Bekmambetov
Genre: Action, Drama, Thriller
Review: Wanted
Anupama Chopra, Consulting Editor, Films
Wanted is the ultimate male fantasy. A mousy office accountant, played by James McVoy, lives a meek, miserable life. At work, his fat boss brutalises him and at home, his girlfriend, who happens to be sleeping with his friend, nags him.
He tells us that the only thing he cares about is the fact that he doesn't care about anything.
And then one day, Angelina Jolie, shows up and informs him that his father was one of the greatest assassins who ever lived and now he must continue the legacy.
Our accountant, trained by a thousand-year-old fraternity of assassins, then transforms into a buffed-up, kick-ass killer and he even gets to lock lips with the divine Ms Jolie who looks like she has descended from some superior race of beings.
As I watched her, all sexy smirk and tattoos, I thought: She's definitely not one of us.
Wanted is the Hollywood debut of Russian film director Timur Bekmambetov, who earlier created the vampire blockbusters Day Watch and Night Watch.
This film also features hypnotic action, a propulsive pace and stunning images. You might think you've seen every kind of movie violence there is but have you ever seen a bullet exit slowly from a man's forehead and watched how the blood curls up behind.
Bekmambetov's audacity and imagination propel the first half hour of the film but beyond a point, the style cannot disguise the silliness. The film originates from a comic-book series so we're not expecting subtext or nuances but the plot twists here require you to check-in logic at the gate.
By the time, Morgan Freeman, in yet another God-type role, pointed at a giant loom and declared: this is the loom of fate, I was laughing out loud.
Wanted is giddy on guns, violence and adolescent machismo. For a certain demographic - men under 25 - its manna from heaven but the rest of us can do quite nicely without it.
Source: http://movies.ndtv.com/
Chamku (Hindi) : Cast: Bobby Deol, Priyanka Chopra, Irrfan Khan, Ninad Kamath
Chamku (Hindi) : Cast: Bobby Deol, Priyanka Chopra, Irrfan Khan, Ninad Kamath
ShubraGupta
Cast: Bobby Deol, Priyanka Chopra, Irrfan Khan, Ninad Kamath
Director: Kabeer Kaushik
Chandrama Singh urf Chamku sees his father shot in the head right in front of his eyes. From that moment on, he is a fugitive, and a target — both of those who break the law with impunity, and those who make those laws.
Kabeer Kaushik, who comes to his second film after the wonderful but unsuccessful Sehar, clearly isn’t following his instincts which tell him to be faithful to the spirit of his story. Chamku is produced by Sunny Deol, who’s been in desperate search of a hit for a long time now.
And it has his young brother in the lead, which translates into compromised story-telling. Bobby is meant to play an illiterate Naxalite, on the run from the dark interiors of Bihar, but his real self — suave, urban — keeps coming through.
If it had built on its terrific opening, Chamku may have been the film the director had set out to make. But it peters away into predictable patterns: a Bobby practising menace, a painted Priyanka, the Irrfan-Ninad duo trying to keep things moving, and too much gratuitous blood-letting.
Source: http://www.screenindia.com/news/Chamku--Hindi-/355355/
ShubraGupta
Cast: Bobby Deol, Priyanka Chopra, Irrfan Khan, Ninad Kamath
Director: Kabeer Kaushik
Chandrama Singh urf Chamku sees his father shot in the head right in front of his eyes. From that moment on, he is a fugitive, and a target — both of those who break the law with impunity, and those who make those laws.
Kabeer Kaushik, who comes to his second film after the wonderful but unsuccessful Sehar, clearly isn’t following his instincts which tell him to be faithful to the spirit of his story. Chamku is produced by Sunny Deol, who’s been in desperate search of a hit for a long time now.
And it has his young brother in the lead, which translates into compromised story-telling. Bobby is meant to play an illiterate Naxalite, on the run from the dark interiors of Bihar, but his real self — suave, urban — keeps coming through.
If it had built on its terrific opening, Chamku may have been the film the director had set out to make. But it peters away into predictable patterns: a Bobby practising menace, a painted Priyanka, the Irrfan-Ninad duo trying to keep things moving, and too much gratuitous blood-letting.
Source: http://www.screenindia.com/news/Chamku--Hindi-/355355/
Olympic heroes' names missing in invitation
Olympic heroes' names missing in invitation
BHIWANI: The names of seven Beijing Olympians including shooter Abhinav Bindra, who are to be honoured by the Haryana government at a function on August 30, are missing from the invitation card.
The invitation, however, has the names of 13 others including chief minister Bhupinder Singh Hooda as the chief guest, Indian Olympic Association (IOA) president Suresh Kalmadi as guest of honour and Haryana sports minister Kiran Chaudhary who would preside over the function.
The name of Rohtak MP Deepinder Hooda, who is also the son of chief minister, and six ruling party MLAs has been mentioned.
The invitation has been issued by the Sports and Youth Welfare Department of Haryana in the name of three bureaucrats TL Sathyaprakash, deputy commissioner, OP Singh, director , sports and Sarban Singh, commissioner and secretary, Sports and Youth Welfare Department.
But the invitation for the public reception in honour of heroes of Beijing Olympics, 2008 makes no mention of those to be honoured at the state level function.
The state government had earlier announced that besides gold medalist Bindra and Bhiwani boxer Vijender Kumar, who won the first bronze medal for India in the event, two other boxers from the state, quarter-finalists Akhil Kumar and Jitender Kumar would also be honoured with cash rewards.
Delhi's Sushil Kumar, who won bronze in wrestling, and sportspersons Saina Nehwal and wrestler Yogeshwar Dutt would also be honoured with cash reward varying between Rs 25 lakh and Rs 50 lakh.
Boxing coach at Bhiwani Jagdish Singh would also be showered with a cash award of Rs 25 lakh for promoting the game.
Source: http://timesofindia.indiatimes.com
BHIWANI: The names of seven Beijing Olympians including shooter Abhinav Bindra, who are to be honoured by the Haryana government at a function on August 30, are missing from the invitation card.
The invitation, however, has the names of 13 others including chief minister Bhupinder Singh Hooda as the chief guest, Indian Olympic Association (IOA) president Suresh Kalmadi as guest of honour and Haryana sports minister Kiran Chaudhary who would preside over the function.
The name of Rohtak MP Deepinder Hooda, who is also the son of chief minister, and six ruling party MLAs has been mentioned.
The invitation has been issued by the Sports and Youth Welfare Department of Haryana in the name of three bureaucrats TL Sathyaprakash, deputy commissioner, OP Singh, director , sports and Sarban Singh, commissioner and secretary, Sports and Youth Welfare Department.
But the invitation for the public reception in honour of heroes of Beijing Olympics, 2008 makes no mention of those to be honoured at the state level function.
The state government had earlier announced that besides gold medalist Bindra and Bhiwani boxer Vijender Kumar, who won the first bronze medal for India in the event, two other boxers from the state, quarter-finalists Akhil Kumar and Jitender Kumar would also be honoured with cash rewards.
Delhi's Sushil Kumar, who won bronze in wrestling, and sportspersons Saina Nehwal and wrestler Yogeshwar Dutt would also be honoured with cash reward varying between Rs 25 lakh and Rs 50 lakh.
Boxing coach at Bhiwani Jagdish Singh would also be showered with a cash award of Rs 25 lakh for promoting the game.
Source: http://timesofindia.indiatimes.com
C KKompany Movie Review
C KKompany Movie Review
Director : Sachin Yardi
Music : Anand Raj Anand and Bappa Lahiri
Lyrics : Anand Raj Anand and Shabbir Ahmed
Starring : Mithun Chakraborty, Tussshar Kapoor, Anupam Kher, Raima Sen, Ekta Kapoor, Karan Johar, Mahesh Bhatt
By Martin D'Souza, Bollywood Trade News Network
Probably upset at various producers and directors taking pot shots at her serials, Ekta Kapoor decided who better than herself to do justice to running down her very own serials and the way Balaji Studios function. While its good humour, just like a few Laughter Challenge contestants who have the innate ability to laugh at themselves, and make others laugh as well, you can't take this 'serial reference' beyond a point.
There are quite a few laughable scenes but overall, it's a colossal waste of talent. Tushar Kapoor, Anupam Kher and Rajpal Yadav all live in the C wing of a particular building. They bond well and share each other's problems. To teach Anupam's son a lesson, the trio decide to make an extortion call using a gangsters name. And before you know it, they go on to form their own 'C Kkompany' making threat calls, mostly to help citizens get their due.
Tushar delivers a few punch lines with elan while Rajpal Yadav is his humourous best. I just get the feeling he has taken over Johnny Lever's vacant slot, because the veteran is nowhere to be seen. As for Anupam Kher, he saunters into yet another insipid role. Mithun Chakraborty too makes his presence felt in a role reminiscent to that of the recently released DON MUTHUSWAMY. But while DON MUTHUSWAMY had some meat, this one here is downright silly. A hackneyed plot and a waste of Raima Sen as well.
While his cousin Abhishek Kapoor has directed the successful ROCK ON, which incidentally released on the same day, Tushar will have to wait another day for another script...
Source: http://www.glamsham.com/
Director : Sachin Yardi
Music : Anand Raj Anand and Bappa Lahiri
Lyrics : Anand Raj Anand and Shabbir Ahmed
Starring : Mithun Chakraborty, Tussshar Kapoor, Anupam Kher, Raima Sen, Ekta Kapoor, Karan Johar, Mahesh Bhatt
By Martin D'Souza, Bollywood Trade News Network
Probably upset at various producers and directors taking pot shots at her serials, Ekta Kapoor decided who better than herself to do justice to running down her very own serials and the way Balaji Studios function. While its good humour, just like a few Laughter Challenge contestants who have the innate ability to laugh at themselves, and make others laugh as well, you can't take this 'serial reference' beyond a point.
There are quite a few laughable scenes but overall, it's a colossal waste of talent. Tushar Kapoor, Anupam Kher and Rajpal Yadav all live in the C wing of a particular building. They bond well and share each other's problems. To teach Anupam's son a lesson, the trio decide to make an extortion call using a gangsters name. And before you know it, they go on to form their own 'C Kkompany' making threat calls, mostly to help citizens get their due.
Tushar delivers a few punch lines with elan while Rajpal Yadav is his humourous best. I just get the feeling he has taken over Johnny Lever's vacant slot, because the veteran is nowhere to be seen. As for Anupam Kher, he saunters into yet another insipid role. Mithun Chakraborty too makes his presence felt in a role reminiscent to that of the recently released DON MUTHUSWAMY. But while DON MUTHUSWAMY had some meat, this one here is downright silly. A hackneyed plot and a waste of Raima Sen as well.
While his cousin Abhishek Kapoor has directed the successful ROCK ON, which incidentally released on the same day, Tushar will have to wait another day for another script...
Source: http://www.glamsham.com/
KK Birla: A titan of Indian industry
KK Birla: A titan of Indian industry
NEW DELHI: Legendary industrialist Krishna Kumar Birla was a man of many facets, with an equal passion for not just expanding his well-known, and much respected, business empire founded by his father, but also towards philanthropy and education.
Birla was for long considered the force behind the Indian sugar industry, which he joined as a 22-year-old. Besides media and sugar, his empire spans some 40 firms in fertilizers, chemicals, heavy engineering, textiles and shipping.
The companies include Zuari Industries, Chambal Fertlizers, Paradeep Phosphates, Sutlej Industries, Birla Textile Mills, Oudh Sugar Mills, Texmaco, Simon India, India Steamship, ISG Novasoft, and Hindustan Times Media.
In his innings at the helm of Indian industry, he also headed several institutions like the Federation of Indian Chambers of Commerce and Industry (Ficci), the Indian Sugar Mills Association (ISMA) and the International Chambers of Commerce (ICC).
"He was an outstanding visionary, a great parliamentarian, a business leader par excellence and a builder of modern educational and scientific institutions," said Ficci president and Rajya Sabha member Rajeev Chandrasekhar.
Born in Pilani in Rajasthan on Oct 12, 1918, he was the person responsible for building and expanding the reputed Birla Institute of Science and Technology - which has often been rated on par with the Indian Institute of Technology.
He was the eldest surviving son of industrialist Ghanshyam Das Birla.
Along with another legendary second-generation industrialist, late JRD. Tata, Birla had co-authored what is called the “Bombay Plan” that outlined the role of businesses and the government in building a nation.
The seeds of corporate social responsibility in India were sown in that document which also spoke about the role of industries, entrepreneurs and policy makers in modernising and developing what was then a backward India.
He also had an equal passion for charity. It is not, therefore, surprising that the landmark Lakshmi Narayan temple in the capital - visited by hundreds every day - is also referred to as Birla Mandir.
A former member of the Rajya Sabha for 18 consecutive years, KK Babu, as he was referred to by his associates and admirers, was also the chair of the Hindustan Times group, which is one of the largest circulated national dailies.
The stylish and well-groomed industrialist, whose suits and shirts came from London's Jermyn Street and Saville Row, also wrote highly readable reminiscences on his many foreign travels with his wife for the Hindustan Times till about a month ago.
His close associates said he just could not bear the separation from his wife Manorama Devi who died in Kolkata July 29. He is survived by daughters Nandini Nupani, Saroj Potddar and Shobhana Bhartia, the vice chair of Hindustan Times.
Birla was so comfortable with change and transformation that even when the country started the ambitious economic liberalisation programme in the early 1990s and dispensed with the regime of licences and quotas, he was fully supportive - unlike many others who even formed an informal anti-liberalisation lobby group called the "Bombay Club".
“There were many business leaders who were worried, who were apprehensive, who were nervous about the changes,” recollected Prime Minister Manmohan Singh, who as India's finance minister then was the architect of the reforms programme.
“But Birla understood the importance and the relevance of what we were doing and I valued his support then as I value it now,” Manmohan Singh recalled last December, while releasing Birla's autobiography - “Brushes with History”.
The book, published by Penguin, has vignettes of his relations with some legendary Indians like Mahatma Gandhi, Rajendra Prasad, Madan Mohan Malaviya, Jayaprakash Narayan and Morarji Desai.
Penguin said Birla inherited a legacy in which the creation of wealth, philanthropy and political leadership were all regarded as part of nation-building.
“Spiritual strength and moral values were part of the personal credo.”
Source: http://economictimes.indiatimes.com
NEW DELHI: Legendary industrialist Krishna Kumar Birla was a man of many facets, with an equal passion for not just expanding his well-known, and much respected, business empire founded by his father, but also towards philanthropy and education.
Birla was for long considered the force behind the Indian sugar industry, which he joined as a 22-year-old. Besides media and sugar, his empire spans some 40 firms in fertilizers, chemicals, heavy engineering, textiles and shipping.
The companies include Zuari Industries, Chambal Fertlizers, Paradeep Phosphates, Sutlej Industries, Birla Textile Mills, Oudh Sugar Mills, Texmaco, Simon India, India Steamship, ISG Novasoft, and Hindustan Times Media.
In his innings at the helm of Indian industry, he also headed several institutions like the Federation of Indian Chambers of Commerce and Industry (Ficci), the Indian Sugar Mills Association (ISMA) and the International Chambers of Commerce (ICC).
"He was an outstanding visionary, a great parliamentarian, a business leader par excellence and a builder of modern educational and scientific institutions," said Ficci president and Rajya Sabha member Rajeev Chandrasekhar.
Born in Pilani in Rajasthan on Oct 12, 1918, he was the person responsible for building and expanding the reputed Birla Institute of Science and Technology - which has often been rated on par with the Indian Institute of Technology.
He was the eldest surviving son of industrialist Ghanshyam Das Birla.
Along with another legendary second-generation industrialist, late JRD. Tata, Birla had co-authored what is called the “Bombay Plan” that outlined the role of businesses and the government in building a nation.
The seeds of corporate social responsibility in India were sown in that document which also spoke about the role of industries, entrepreneurs and policy makers in modernising and developing what was then a backward India.
He also had an equal passion for charity. It is not, therefore, surprising that the landmark Lakshmi Narayan temple in the capital - visited by hundreds every day - is also referred to as Birla Mandir.
A former member of the Rajya Sabha for 18 consecutive years, KK Babu, as he was referred to by his associates and admirers, was also the chair of the Hindustan Times group, which is one of the largest circulated national dailies.
The stylish and well-groomed industrialist, whose suits and shirts came from London's Jermyn Street and Saville Row, also wrote highly readable reminiscences on his many foreign travels with his wife for the Hindustan Times till about a month ago.
His close associates said he just could not bear the separation from his wife Manorama Devi who died in Kolkata July 29. He is survived by daughters Nandini Nupani, Saroj Potddar and Shobhana Bhartia, the vice chair of Hindustan Times.
Birla was so comfortable with change and transformation that even when the country started the ambitious economic liberalisation programme in the early 1990s and dispensed with the regime of licences and quotas, he was fully supportive - unlike many others who even formed an informal anti-liberalisation lobby group called the "Bombay Club".
“There were many business leaders who were worried, who were apprehensive, who were nervous about the changes,” recollected Prime Minister Manmohan Singh, who as India's finance minister then was the architect of the reforms programme.
“But Birla understood the importance and the relevance of what we were doing and I valued his support then as I value it now,” Manmohan Singh recalled last December, while releasing Birla's autobiography - “Brushes with History”.
The book, published by Penguin, has vignettes of his relations with some legendary Indians like Mahatma Gandhi, Rajendra Prasad, Madan Mohan Malaviya, Jayaprakash Narayan and Morarji Desai.
Penguin said Birla inherited a legacy in which the creation of wealth, philanthropy and political leadership were all regarded as part of nation-building.
“Spiritual strength and moral values were part of the personal credo.”
Source: http://economictimes.indiatimes.com
Zenith Announces Sub-15K Laptop and Desktop
Zenith Announces Sub-15K Laptop and Desktop
Zenith Computers, today announced the launch of a new laptop and desktop under the brand name 'EcoStyle'. According to the company, the Zenith EcoStyle laptop priced at Rs. 14,999, will be the lowest priced Windows OS enabled laptop in the market; while the desktop PC will be available at Rs 11,999. The EcoStyle PC and laptop will be available across India through Zenith's chain of authorized dealers and exclusive showrooms will stock these computers.
The laptop is Net enabled, and comes preloaded with the Microsoft productivity suite: an Operating System (Windows XP Home Edition), Microsoft Works (includes Word Processor, spreadsheets and PPT viewer), and Microsoft Windows Live Suite (Includes Email Client, Messenger and Family Safety from Windows Live OneCare).
The EcoStyle PC will give the customer an option of choosing Windows Vista Starter or Microsoft Windows XP Home. The laptop weighs 2.2 kg and has dimensions of 185mm x 250 mm x 70 mm. The desktop will also come preloaded with the Microsoft productivity suite.
The company further states that in addition to the portability and the relevant content, both the computers have an added advantage of reduced power consumption and on an average, they consume 30 percent less power.
Source: http://www.pcworld.in/
Zenith Computers, today announced the launch of a new laptop and desktop under the brand name 'EcoStyle'. According to the company, the Zenith EcoStyle laptop priced at Rs. 14,999, will be the lowest priced Windows OS enabled laptop in the market; while the desktop PC will be available at Rs 11,999. The EcoStyle PC and laptop will be available across India through Zenith's chain of authorized dealers and exclusive showrooms will stock these computers.
The laptop is Net enabled, and comes preloaded with the Microsoft productivity suite: an Operating System (Windows XP Home Edition), Microsoft Works (includes Word Processor, spreadsheets and PPT viewer), and Microsoft Windows Live Suite (Includes Email Client, Messenger and Family Safety from Windows Live OneCare).
The EcoStyle PC will give the customer an option of choosing Windows Vista Starter or Microsoft Windows XP Home. The laptop weighs 2.2 kg and has dimensions of 185mm x 250 mm x 70 mm. The desktop will also come preloaded with the Microsoft productivity suite.
The company further states that in addition to the portability and the relevant content, both the computers have an added advantage of reduced power consumption and on an average, they consume 30 percent less power.
Source: http://www.pcworld.in/
Iron Maiden Mumbai - ironmaidenmumbai.blogspot.com
Iron Maiden Mumbai - ironmaidenmumbai.blogspot.com
Free Tickets - Somewhere Back in Time World Tour
Iron Maiden - Live in Mumbai
Friday, January 18, 2008
Iron Maiden is here!!!
Mumbai is the first stop of their Somewhere Back in Time World Tour.
Date: 1st February, 2008
Venue: MMRDA Grounds, Bandra Kurla Complex, Mumbai
Ticket Price: Rs 1650, Rs 1000 and FREE
Contests2Win.com is giving out free tickets.
All you need to do is register and play these contests:
(Nice trivia for those who can't make it and still want to test out their Maiden knowledge)
Source: http://ironmaidenmumbai.blogspot.com/
Free Tickets - Somewhere Back in Time World Tour
Iron Maiden - Live in Mumbai
Friday, January 18, 2008
Iron Maiden is here!!!
Mumbai is the first stop of their Somewhere Back in Time World Tour.
Date: 1st February, 2008
Venue: MMRDA Grounds, Bandra Kurla Complex, Mumbai
Ticket Price: Rs 1650, Rs 1000 and FREE
Contests2Win.com is giving out free tickets.
All you need to do is register and play these contests:
(Nice trivia for those who can't make it and still want to test out their Maiden knowledge)
Source: http://ironmaidenmumbai.blogspot.com/
Iron Maiden Mumbai - Iron Maiden storms Mumbai
Iron Maiden Mumbai - Iron Maiden storms Mumbai
February 04, 2008 13:48 IST
Veteran heavy metal band Iron Maiden left the MMRDA Grounds in Mumbai with a taste of hardcore live action on February 1.
The first stop on their 'Somewhere Back in Time' World Tour 2008 saw thousands of excited Indian fans waiting expectantly from 4 pm onward -- two in every three wearing Iron Maiden t-shirts. Besides the usual pack of youngsters, there were plenty of excited 10-year-olds and borderline senior citizens making the scene as well.
Several were actually overheard wishing that the tickets had been slightly pricier, so that they could have gotten up-close to their idols!
By 7 pm, everyone had already packed themselves into the two enclosures, so there was slim chance of making your way up front. Local rockers Parikrama opened the show and it was only at 8 pm that the lights dimmed and a recorded speech by Winston Churchill, the prelude to Iron Maiden's hit Aces High, drove the crowd wild.
This first performance was sufficient to charge the atmosphere -- what followed was sheer mayhem, with backdrops to the massive stage, all featuring the band's gory mascot Eddie, continually changing and all six band members performing at their electrifying best.
The audience was privileged to hear some of the band's greatest hits, some of which singer Bruce Dickinson himself declared they have not performed live in years -- songs like Wasted Years, The Trooper, Can I Play With Madness, Fear of the Dark, Moonchild, Rime of the Ancient Mariner, Two Minutes to Midnight and Powerslave had fans eating out of their hands.
As the band belted out song after song, it was easy to forget that all the Iron Maiden members are well into their 50's. The energy onstage was palpable as Dickinson ran to and fro across the stage, his trademark screeches interspersing mind-numbing guitar solos by 'the country club', as he himself jokingly calls the band's trio of guitarists Dave Murray, Adrian Smith and Janick Gers. Bassist and founding member Steve Harris was also a livewire on stage and while drummer Nicko McBrain's dexterity had spectators in awe, his smiling performance endeared him to them.
The pinnacle of enthusiasm was reached, however, when the band took off on the song Iron Maiden from their first self-titled album and the seventh member of the group, mascot Eddie made his way on to the stage. The 12-foot robot dwarfed the band members as his lit-up eye and menacing snarl surveyed the audience, one arm wielding a dummy rifle pointed at hundreds of bobbing heads in the crowd.
After two solid hours of playing, Iron Maiden finally bade Mumbai a fond farewell, with a promise to be back soon. All in all, everyone who came to see the band perform got more than their money's worth. "Scream for me, Mumbai!' yelled Dickinson one last time, as he made ready to leave the stage. And they did.
Text: Sanaya Dalal | Photographs: Getty Images
Source: http://www.rediff.com/movies/2008/feb/04maiden.htm
February 04, 2008 13:48 IST
Veteran heavy metal band Iron Maiden left the MMRDA Grounds in Mumbai with a taste of hardcore live action on February 1.
The first stop on their 'Somewhere Back in Time' World Tour 2008 saw thousands of excited Indian fans waiting expectantly from 4 pm onward -- two in every three wearing Iron Maiden t-shirts. Besides the usual pack of youngsters, there were plenty of excited 10-year-olds and borderline senior citizens making the scene as well.
Several were actually overheard wishing that the tickets had been slightly pricier, so that they could have gotten up-close to their idols!
By 7 pm, everyone had already packed themselves into the two enclosures, so there was slim chance of making your way up front. Local rockers Parikrama opened the show and it was only at 8 pm that the lights dimmed and a recorded speech by Winston Churchill, the prelude to Iron Maiden's hit Aces High, drove the crowd wild.
This first performance was sufficient to charge the atmosphere -- what followed was sheer mayhem, with backdrops to the massive stage, all featuring the band's gory mascot Eddie, continually changing and all six band members performing at their electrifying best.
The audience was privileged to hear some of the band's greatest hits, some of which singer Bruce Dickinson himself declared they have not performed live in years -- songs like Wasted Years, The Trooper, Can I Play With Madness, Fear of the Dark, Moonchild, Rime of the Ancient Mariner, Two Minutes to Midnight and Powerslave had fans eating out of their hands.
As the band belted out song after song, it was easy to forget that all the Iron Maiden members are well into their 50's. The energy onstage was palpable as Dickinson ran to and fro across the stage, his trademark screeches interspersing mind-numbing guitar solos by 'the country club', as he himself jokingly calls the band's trio of guitarists Dave Murray, Adrian Smith and Janick Gers. Bassist and founding member Steve Harris was also a livewire on stage and while drummer Nicko McBrain's dexterity had spectators in awe, his smiling performance endeared him to them.
The pinnacle of enthusiasm was reached, however, when the band took off on the song Iron Maiden from their first self-titled album and the seventh member of the group, mascot Eddie made his way on to the stage. The 12-foot robot dwarfed the band members as his lit-up eye and menacing snarl surveyed the audience, one arm wielding a dummy rifle pointed at hundreds of bobbing heads in the crowd.
After two solid hours of playing, Iron Maiden finally bade Mumbai a fond farewell, with a promise to be back soon. All in all, everyone who came to see the band perform got more than their money's worth. "Scream for me, Mumbai!' yelled Dickinson one last time, as he made ready to leave the stage. And they did.
Text: Sanaya Dalal | Photographs: Getty Images
Source: http://www.rediff.com/movies/2008/feb/04maiden.htm
Iron Maiden Mumbai
Iron Maiden Mumbai
Iron Maiden Mumbai Concert Review
S C R E A M for me MUMBAI
Just back from the Mumbai Iron Maiden Concert 2008,
Here’s the setlist played today in Mumbai:
Aces High
2 Minutes To Midnight
Revelations
The Trooper
Wasted Years
The Number Of The Beast
Run To The Hills
The Rime Of The Ancient Mariner
Powerslave
Heaven Can wait
Can I play with madness?
Fear of the dark
Iron Maiden
Moonchild
Clairvoyant
Hallowed Be Thy Name
The Iron Maiden concert started rather early 7:50 PM to be precise & ended by 9:45 PM
Maiden is no doubt the best LIVE Performance heavy metal for sure. Precision without faltering anywhere, Maiden delivered & thrilled the Mumbai crowd.
After the first 2 songs, Aces High & 2 Minutes To Midnight, Bruce said that he was happy to be here in Mumbai, which was earlier called as Bombay, however locals still like to call it Bombay.
After Trooper, Bruce said that this will be one of the many times that Iron Maiden will play in India. \m/\m/
|| Up the Irons ||
For PowerSlave Bruce wore a Egyptianlike headgear.
Like the Bangalore concert Fear of the Dark received maximum crowd participation, with everybody joining in the chorus.
During the song ‘Iron Maiden’ Eddie appeared as the Cyborg with a gun a hand.
After the break, Bruce introduced all the band members.
You have any good quality photographs of the Iron Maiden Mumbai concert, let me know, I can post them here. Thx:)
Here are links to several newspapers from Mumbai, India who have reviews of the Mumbai Iron Maiden Concert, India , 1 Feb 2008
The evening city went Aces High - Mumbai Mirror
Iron Maiden rocks Mumbai - Hindustan Times
We want kanda bhaji - Mumbai Mirror
Change in music industry doesn’t affect us: Iron Maiden - DNA
Rockers Find Eager New Audience : SKY News
Rockers Take Control For Maiden Flight : SKY News
———–x-x——————-
Dear Iron Maiden Fans,
Just like the Bangalore concert review, I shall be posting everyone’s reviews of the Iron Maiden Mumbai Concert of 1st Feb 2008, which is a kickoff for the grand “SOMEWHERE BACK IN TIME World Tour 08”
So, after the concert, please do email or comment on your reviews of the Mumbai Iron Maiden concert here on this page. Email >>> iprash @ gmail dot com
Bruce will start of with SCREAM FOR ME - MUMBAI
I guess, words like ‘amazing, awesome, mindblowing’, etc, would be common for everyone. However, I request you to provide a more in depth review in ‘proper’ English, please.
Thank You. Cya all @ the concert.
The most probable set list for the Mumbai concert will be:
Run To The Hills
Hallowed Be Thy Name
The Number Of The Beast
2 Minutes To Midnight
Aces High
Flight Of Icarus
The Trooper
Wasted Years
Heaven Can Wait
The Rime Of The Ancient Mariner
Clairvoyant
Can I play with madness?
Revelations
Fear of the dark
Powerslave
Source: http://www.iprash.com/2008/01/25/iron-maiden-mumbai-concert-review/
Iron Maiden Mumbai Concert Review
S C R E A M for me MUMBAI
Just back from the Mumbai Iron Maiden Concert 2008,
Here’s the setlist played today in Mumbai:
Aces High
2 Minutes To Midnight
Revelations
The Trooper
Wasted Years
The Number Of The Beast
Run To The Hills
The Rime Of The Ancient Mariner
Powerslave
Heaven Can wait
Can I play with madness?
Fear of the dark
Iron Maiden
Moonchild
Clairvoyant
Hallowed Be Thy Name
The Iron Maiden concert started rather early 7:50 PM to be precise & ended by 9:45 PM
Maiden is no doubt the best LIVE Performance heavy metal for sure. Precision without faltering anywhere, Maiden delivered & thrilled the Mumbai crowd.
After the first 2 songs, Aces High & 2 Minutes To Midnight, Bruce said that he was happy to be here in Mumbai, which was earlier called as Bombay, however locals still like to call it Bombay.
After Trooper, Bruce said that this will be one of the many times that Iron Maiden will play in India. \m/\m/
|| Up the Irons ||
For PowerSlave Bruce wore a Egyptianlike headgear.
Like the Bangalore concert Fear of the Dark received maximum crowd participation, with everybody joining in the chorus.
During the song ‘Iron Maiden’ Eddie appeared as the Cyborg with a gun a hand.
After the break, Bruce introduced all the band members.
You have any good quality photographs of the Iron Maiden Mumbai concert, let me know, I can post them here. Thx:)
Here are links to several newspapers from Mumbai, India who have reviews of the Mumbai Iron Maiden Concert, India , 1 Feb 2008
The evening city went Aces High - Mumbai Mirror
Iron Maiden rocks Mumbai - Hindustan Times
We want kanda bhaji - Mumbai Mirror
Change in music industry doesn’t affect us: Iron Maiden - DNA
Rockers Find Eager New Audience : SKY News
Rockers Take Control For Maiden Flight : SKY News
———–x-x——————-
Dear Iron Maiden Fans,
Just like the Bangalore concert review, I shall be posting everyone’s reviews of the Iron Maiden Mumbai Concert of 1st Feb 2008, which is a kickoff for the grand “SOMEWHERE BACK IN TIME World Tour 08”
So, after the concert, please do email or comment on your reviews of the Mumbai Iron Maiden concert here on this page. Email >>> iprash @ gmail dot com
Bruce will start of with SCREAM FOR ME - MUMBAI
I guess, words like ‘amazing, awesome, mindblowing’, etc, would be common for everyone. However, I request you to provide a more in depth review in ‘proper’ English, please.
Thank You. Cya all @ the concert.
The most probable set list for the Mumbai concert will be:
Run To The Hills
Hallowed Be Thy Name
The Number Of The Beast
2 Minutes To Midnight
Aces High
Flight Of Icarus
The Trooper
Wasted Years
Heaven Can Wait
The Rime Of The Ancient Mariner
Clairvoyant
Can I play with madness?
Revelations
Fear of the dark
Powerslave
Source: http://www.iprash.com/2008/01/25/iron-maiden-mumbai-concert-review/
Finmin.nic.in - Ministry of Finance Government of India Official Website
Finmin.nic.in - Ministry of Finance Government of India Official Website
www.Finmin.nic.in is the Ministry of Finance Government of India official website that is about the Ministry Department of Economic Affairs, Department of Revenue, Disinvestment and Financial department.
www.Finmin.nic.in
www.Finmin.nic.in is the Ministry of Finance Government of India official website that is about the Ministry Department of Economic Affairs, Department of Revenue, Disinvestment and Financial department.
www.Finmin.nic.in
www.nagtheking.com - The official website of Nagarjuna's
www.nagtheking.com - The official website of Nagarjuna's
"NAG IS KING"-King website:nagtheking.com
The official website of Nagarjuna's latest movie 'King' directed by Srinu Vaitla is www.nagtheking.com
This site features latest trailer,updates and photo gallery of King movie.This website is opened on Nagarjuna's birth day and design of the website is appealing.
The movie King will be backed by music from sensational music director Devi Sri Prasad,who has worked with Srinu Vaitla earlier for movies like 'Anandam','Venki','Ready' and all the three movies have been musical hits.
Source: http://newstrendsbuzz.blogspot.com/2008/08/nagarjunas-very-own-wwwnagthekingcom.html
"NAG IS KING"-King website:nagtheking.com
The official website of Nagarjuna's latest movie 'King' directed by Srinu Vaitla is www.nagtheking.com
This site features latest trailer,updates and photo gallery of King movie.This website is opened on Nagarjuna's birth day and design of the website is appealing.
The movie King will be backed by music from sensational music director Devi Sri Prasad,who has worked with Srinu Vaitla earlier for movies like 'Anandam','Venki','Ready' and all the three movies have been musical hits.
Source: http://newstrendsbuzz.blogspot.com/2008/08/nagarjunas-very-own-wwwnagthekingcom.html
www.nagtheking.com - Nagarjuna King website
www.nagtheking.com - Nagarjuna King website
Kamakshi Kala Movies has launched the website www.nagtheking.com for its latest movie with Nagarjuna ‘KING’ on Nag’s birth day.The website provides latest updates and photos of the movie.
Nagarjuna said that movie King is on the lines of his own hits ‘Hello Brother’ and ‘Siva’.The box office hat-trick hit movies director Srinu Vaitla who had hat-trick succes with his film ‘Ready’ this summer is directing the film.
The website nagtheking.com is also showing the trailer of the movie king.
Tags: www.nagtheking.com,nagtheking.com,Nagarjuna King
source:http://trendsanalysis.blogspot.com/2008/08/wwwnagthekingcom-nagarjuna-king.html
Kamakshi Kala Movies has launched the website www.nagtheking.com for its latest movie with Nagarjuna ‘KING’ on Nag’s birth day.The website provides latest updates and photos of the movie.
Nagarjuna said that movie King is on the lines of his own hits ‘Hello Brother’ and ‘Siva’.The box office hat-trick hit movies director Srinu Vaitla who had hat-trick succes with his film ‘Ready’ this summer is directing the film.
The website nagtheking.com is also showing the trailer of the movie king.
Tags: www.nagtheking.com,nagtheking.com,Nagarjuna King
source:http://trendsanalysis.blogspot.com/2008/08/wwwnagthekingcom-nagarjuna-king.html
LimeWire Store to get more DRM free music content
LimeWire Store to get more DRM free music content
LimeWire Store to get more DRM free music content
LimeWire has announced that they are in the process of adding more content to their DRM free digital media store.
They are now collaborating with independent music distributor The Orchard. This deal would add on 1.2 million tracks to LimeWire.
With this the company would have around 2 million tracks on offer to their customers.
LimeWire CFO Jesse Rubenfeld spoke about this deal: “The Orchard’s top flight, broad and diverse music repertoire will enrich our users’ music-buying experience. I believe this partnership will help expand the digital music market for us and will equally benefit our artist and label partners.”
However, the company is yet to get into a deal with any of the major music retailers. Until that happens, they are going to remain a smaller player in the market.
Source: http://news.techwhack.com/8431-limewire-store
LimeWire Store to get more DRM free music content
LimeWire has announced that they are in the process of adding more content to their DRM free digital media store.
They are now collaborating with independent music distributor The Orchard. This deal would add on 1.2 million tracks to LimeWire.
With this the company would have around 2 million tracks on offer to their customers.
LimeWire CFO Jesse Rubenfeld spoke about this deal: “The Orchard’s top flight, broad and diverse music repertoire will enrich our users’ music-buying experience. I believe this partnership will help expand the digital music market for us and will equally benefit our artist and label partners.”
However, the company is yet to get into a deal with any of the major music retailers. Until that happens, they are going to remain a smaller player in the market.
Source: http://news.techwhack.com/8431-limewire-store
Sixth pay commission notification: Govt brings out notification for Sixth pay commission report
Sixth pay commission notification: Govt brings out notification for Sixth pay commission report
NEW DELHIOver 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government today notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC proposals had received a seal of approval from the union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24 this year.
The CPC recommendations and the subsequent government decision with regard to revised scales of pay and dearness allowance for civilian employees of the central government would be made retrospectively effective from January 1, 2006, the notification said.
However, the revised allowances, other than dearness allowance, would be effective only from September 1 this year. On payment of arrears, the government has modified to the extent that the arrears would be paid in cash in two installments - first installment of 40 per cent this financial year (2008-09) and the remaining 60 per cent in the next financial year (2009-10).
The government has approved the setting up of a committee to examine individual, post-specific and cadre-specific anomalies. The committee should try to complete the work in one year, the notification said.
Providing for post-notification changes in the CPC report, the government said "the department specific recommendations" will be processed by concerned departments and ministries and approval of the government obtained in consultations with the Finance Ministry or Department of Personnel and Training.
Tags: Sixth pay commission notification ,Sixth pay commission,6th pay commission,Finance Ministry or Department of Personnel and Training,dopt,
Source: http://economictimes.indiatimes.com/
NEW DELHIOver 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government today notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC proposals had received a seal of approval from the union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24 this year.
The CPC recommendations and the subsequent government decision with regard to revised scales of pay and dearness allowance for civilian employees of the central government would be made retrospectively effective from January 1, 2006, the notification said.
However, the revised allowances, other than dearness allowance, would be effective only from September 1 this year. On payment of arrears, the government has modified to the extent that the arrears would be paid in cash in two installments - first installment of 40 per cent this financial year (2008-09) and the remaining 60 per cent in the next financial year (2009-10).
The government has approved the setting up of a committee to examine individual, post-specific and cadre-specific anomalies. The committee should try to complete the work in one year, the notification said.
Providing for post-notification changes in the CPC report, the government said "the department specific recommendations" will be processed by concerned departments and ministries and approval of the government obtained in consultations with the Finance Ministry or Department of Personnel and Training.
Tags: Sixth pay commission notification ,Sixth pay commission,6th pay commission,Finance Ministry or Department of Personnel and Training,dopt,
Source: http://economictimes.indiatimes.com/
Sixth Pay Commission: Govt removes Bajaj as wage committee chairman
Sixth Pay Commission: Govt removes Bajaj as wage committee chairman
LUCKNOW: The government in a decision taken here on Friday removed JL Bajaj, who was appointed chairman of the wage committee to review recommendations of the Sixth Pay Commission, and in his place appointed SAT Rizvi, a retired IAS officer.
It may be mentioned, UP Adhikaari Mahasangh , an apex organisation of state cadre officers, at its meeting held here recently had expressed strong resentment over the government's decision to appoint Bajaj, a retired IAS officer as chairman of the wage committee .
Besides Mahasangh, even UP Engineers' Association had raised objection over Bajaj's appointment alleging that being chairman of the review committee of the Fifth Pay Commission , Bajajhad not done justice to the officers recommending abolition of several allowances recommended by the Fifth Pay Commission and had even recommended the abolition of time-bound pay scale being given to the officers.
Meanwhile, general secretary of State Employees' Joint Council (SEJC) Ramji Awasthi has hailed CM Mayawati's decision to remove Bajaj and in his place appointing Rizvi as chairman of the committee.
He has urged the CM to direct the new chairman of the committee to present the report within three months so that no delay was caused in implementing the recommendations of the Sixth Pay Commission.
Tags: 6th Pay Commission,Sixth Pay Commission latest News,Sixth Pay Commission
Source: http://timesofindia.indiatimes.com
LUCKNOW: The government in a decision taken here on Friday removed JL Bajaj, who was appointed chairman of the wage committee to review recommendations of the Sixth Pay Commission, and in his place appointed SAT Rizvi, a retired IAS officer.
It may be mentioned, UP Adhikaari Mahasangh , an apex organisation of state cadre officers, at its meeting held here recently had expressed strong resentment over the government's decision to appoint Bajaj, a retired IAS officer as chairman of the wage committee .
Besides Mahasangh, even UP Engineers' Association had raised objection over Bajaj's appointment alleging that being chairman of the review committee of the Fifth Pay Commission , Bajajhad not done justice to the officers recommending abolition of several allowances recommended by the Fifth Pay Commission and had even recommended the abolition of time-bound pay scale being given to the officers.
Meanwhile, general secretary of State Employees' Joint Council (SEJC) Ramji Awasthi has hailed CM Mayawati's decision to remove Bajaj and in his place appointing Rizvi as chairman of the committee.
He has urged the CM to direct the new chairman of the committee to present the report within three months so that no delay was caused in implementing the recommendations of the Sixth Pay Commission.
Tags: 6th Pay Commission,Sixth Pay Commission latest News,Sixth Pay Commission
Source: http://timesofindia.indiatimes.com
Sixth Pay Commission: No raise in retirement age
Sixth Pay Commission: No raise in retirement age
LUCKNOW: The government has refuted news published in a section of the media regarding increase in retirement age of state employees from 60 to 62 years.
Terming the news as baseless and misleading, a government spokesperson said that UP government was the first state government which had accepted the recommendations of the Sixth Pay Commission despite its financial constraints and implemented them keeping in view the difficulties of the employees in the face of spiralling prices.
The spokesperson said that since the government was also committed to safeguarding the interests of the younger generation and unemployed people, an increase in retirement age of state employees would block employment opportunities for the youth.
Therefore, there was no proposal before the government to increase the retirement age of state employees, he added.
Tags: 6th Pay Commission,Sixth Pay Commission latest News,Sixth Pay Commission
Source: http://timesofindia.indiatimes.com
LUCKNOW: The government has refuted news published in a section of the media regarding increase in retirement age of state employees from 60 to 62 years.
Terming the news as baseless and misleading, a government spokesperson said that UP government was the first state government which had accepted the recommendations of the Sixth Pay Commission despite its financial constraints and implemented them keeping in view the difficulties of the employees in the face of spiralling prices.
The spokesperson said that since the government was also committed to safeguarding the interests of the younger generation and unemployed people, an increase in retirement age of state employees would block employment opportunities for the youth.
Therefore, there was no proposal before the government to increase the retirement age of state employees, he added.
Tags: 6th Pay Commission,Sixth Pay Commission latest News,Sixth Pay Commission
Source: http://timesofindia.indiatimes.com
Sixth Pay Commission: Govt. has improved over original draft of 6th Pay Panel
Sixth Pay Commission: Govt. has improved over original draft of 6th Pay Panel
New Delhi, Aug 30, 2008: Finally Sixth Pay Commission has been implemented by the government as it issued notification with some significant changes. The government has improved significantly over the original draft presented by the 6th pay panel.
The central government employees were fearful that the government may accept reducing gazetted holidays to just three as suggested by the pay panel. Luckily for the central government employees the central government has turned down the proposal.
It is probably because of the anticipated backlash from 5.5 central government employees that government turned downed the proposal.
But government has significantly improved over the original suggestions of the sixth pay panel.
The final government notification says that rate of annual increment will be 3 percent instead of 2.5% as originally recommended by the pay commission.
The rate of variable increment for high achievers in PB-3 will be 4% instead of 3.5% recommended by the commission.
The government has removed campus restriction for grant of transport allowance. Consequently employees living in campuses will also be eligible for transport allowance. Further transport allowance for the employees at the lowest levels will be increased to Rs 600 from existing Rs 400 in A-1/A class cities and Rs 400 from existing Rs 300 in other towns.
Grade pay will determine seniority of posts only within a cadre’s hierarchy and not between various cadres.
With regard to fixation of pay in the revised pay bands, the basic pay drawn as on 1.1.2006 on the existing fifth CPC pay scales will be multiplied by a factor of 1.86 and then rounded off to next multiple of 10. This will be the pay in the revised running pay band. Grade pay as approved by the corresponding to the pre-revised pay scale will then be added to the pay in the revised pay band. The total of pay in the pay band and grade pay will be the revised basic pay as on 1.1.2006.
Three upgradation will be granted under assured career progression (ACP) scheme at 10, 20 and 30 years as per the modified ACP scheme recommended by the commission. ACP scheme will also be applicable to group A employees.
Administrative ministries concerned will take an administrative view on the recommendation of sixth pay commission in central paramilitary forces at the level of deputy inspector general (DIG) and above. The posts of additional DIGs upgraded to the grade of DIG will however be continued to be manned by the cadre officers of the CPMFs.
Empanelment and cadre reviews for Central Group A Services will be brought up to date within an year.’
Regarding group B cadres the commision’ recommendation will be modified in the following manner:
After 4 years of regular services in the entry grade of Rs 4800 in PB-2 officers belonging to Delhi and Andaman and Nicobar islands police service will be granted the non-functional grade of Rs 5400 in PB3 and not in PB-2.
After 4 years of regular service in the section officer/ private secretary/equivalent grade of Rs 4800 grade pay in PB-2 officers of central secretrait service, central secretrait stenographers service and other similarly placed HQ services will be granted the non-functional grade of Rs 5400 in PB3 and not in PB-2.
In the IA & AD and all organized accounts cadres, posts of section officers and Assistant Audit/ Account officers will be merged and placed in PB-2 with grade pay of 4800 as recommended by the commission. In modification of Sixth CPC’s recommendations, Audit/ Account (AO)officers will be placed in Pay Band2 with grade pay of Rs 5400 and senior Aos will be placed in PB-3 with grade pay of Rs 5400.
Group B officers of Ministry of railways in the pre revised scales of Rs 8000-13500 will be granted grade pay of Rs 5400 in PB-3 instead of PB-2.
Group B officers of Departments of Posts, Revenue etc will be granted Grade Pay of Rs 5400 in PB-2 on non- functional basis after 4 years of regular service in the grade pay of Rs 4800 in PB-2.
The commission’s recommendations and government decision thereon with regard to revised scales of pay and dearness allowance for civilian employees of the central government and personnel of all Indian services as detailed in Part A of annexe-1 will be made effective from 1st day of January 2006.
The revised allowances other than dearness allowance will be effective from 1st day of September 2008.
The commission’s recommendation regarding payment of arrears has been modified to the extent that the arrears will be paid in cash in two instalments- first instalment of 40% during the current financial year 2008-09 and the remaining 60 percent in the next financial year 2009-10.
The government has agreed to refer the recommendations of the commission in regard to pay scales of master craftsmen in the ministry of railways to fast track committee to be constituted by the government. In the meantime normal replacement scales will apply in the case of master craftsmen.
The government has approved setting up of anomalies committee to examine individual, post specific and cadre specific anomalies. The anomalies committee should endeavour to complete their work in one year.
The commission’s recommendations regarding higher pay packages of Rs 2.5 lakh and 3 lakh pm (without house and car) for chairperson and full time members of five specific regulatory bodies viz telecom regulatory authority of India, insurance regulatory and development authority, central regulatory commission, securities and exchange board of India and competition commission of India have been acceptd.
The government has agreed in principle approval to a scheme of allowances for CPMF officers of the rank of commandant and below and other ranks in the battalions deployed in difficult areas/counter insurgency areas and in high altitude areas keeping in view the allowances granted to defence forces personnel in such or similar areas and detachment and other allowances granted to the CPMF personnel at present to be worked out in consultation with department of expenditure.
The dynamic ACP scheme for doctors will be extended upto the senior administrative grade (Grade pay of Rs 10000 in pB-4) for medical doctors having 20 years of regular service, or seven years of regular service in he non functional selection grade of Rs 8700 grade in pay band –4.
The government while modifying the recommendations has accepted the suggestion of the pay panel for four pay bands with 20 grade pays.
Tags: 6th Pay Commission,Sixth Pay Commission latest News,Sixth Pay Commission
Source: http://www.khabrein.info/
New Delhi, Aug 30, 2008: Finally Sixth Pay Commission has been implemented by the government as it issued notification with some significant changes. The government has improved significantly over the original draft presented by the 6th pay panel.
The central government employees were fearful that the government may accept reducing gazetted holidays to just three as suggested by the pay panel. Luckily for the central government employees the central government has turned down the proposal.
It is probably because of the anticipated backlash from 5.5 central government employees that government turned downed the proposal.
But government has significantly improved over the original suggestions of the sixth pay panel.
The final government notification says that rate of annual increment will be 3 percent instead of 2.5% as originally recommended by the pay commission.
The rate of variable increment for high achievers in PB-3 will be 4% instead of 3.5% recommended by the commission.
The government has removed campus restriction for grant of transport allowance. Consequently employees living in campuses will also be eligible for transport allowance. Further transport allowance for the employees at the lowest levels will be increased to Rs 600 from existing Rs 400 in A-1/A class cities and Rs 400 from existing Rs 300 in other towns.
Grade pay will determine seniority of posts only within a cadre’s hierarchy and not between various cadres.
With regard to fixation of pay in the revised pay bands, the basic pay drawn as on 1.1.2006 on the existing fifth CPC pay scales will be multiplied by a factor of 1.86 and then rounded off to next multiple of 10. This will be the pay in the revised running pay band. Grade pay as approved by the corresponding to the pre-revised pay scale will then be added to the pay in the revised pay band. The total of pay in the pay band and grade pay will be the revised basic pay as on 1.1.2006.
Three upgradation will be granted under assured career progression (ACP) scheme at 10, 20 and 30 years as per the modified ACP scheme recommended by the commission. ACP scheme will also be applicable to group A employees.
Administrative ministries concerned will take an administrative view on the recommendation of sixth pay commission in central paramilitary forces at the level of deputy inspector general (DIG) and above. The posts of additional DIGs upgraded to the grade of DIG will however be continued to be manned by the cadre officers of the CPMFs.
Empanelment and cadre reviews for Central Group A Services will be brought up to date within an year.’
Regarding group B cadres the commision’ recommendation will be modified in the following manner:
After 4 years of regular services in the entry grade of Rs 4800 in PB-2 officers belonging to Delhi and Andaman and Nicobar islands police service will be granted the non-functional grade of Rs 5400 in PB3 and not in PB-2.
After 4 years of regular service in the section officer/ private secretary/equivalent grade of Rs 4800 grade pay in PB-2 officers of central secretrait service, central secretrait stenographers service and other similarly placed HQ services will be granted the non-functional grade of Rs 5400 in PB3 and not in PB-2.
In the IA & AD and all organized accounts cadres, posts of section officers and Assistant Audit/ Account officers will be merged and placed in PB-2 with grade pay of 4800 as recommended by the commission. In modification of Sixth CPC’s recommendations, Audit/ Account (AO)officers will be placed in Pay Band2 with grade pay of Rs 5400 and senior Aos will be placed in PB-3 with grade pay of Rs 5400.
Group B officers of Ministry of railways in the pre revised scales of Rs 8000-13500 will be granted grade pay of Rs 5400 in PB-3 instead of PB-2.
Group B officers of Departments of Posts, Revenue etc will be granted Grade Pay of Rs 5400 in PB-2 on non- functional basis after 4 years of regular service in the grade pay of Rs 4800 in PB-2.
The commission’s recommendations and government decision thereon with regard to revised scales of pay and dearness allowance for civilian employees of the central government and personnel of all Indian services as detailed in Part A of annexe-1 will be made effective from 1st day of January 2006.
The revised allowances other than dearness allowance will be effective from 1st day of September 2008.
The commission’s recommendation regarding payment of arrears has been modified to the extent that the arrears will be paid in cash in two instalments- first instalment of 40% during the current financial year 2008-09 and the remaining 60 percent in the next financial year 2009-10.
The government has agreed to refer the recommendations of the commission in regard to pay scales of master craftsmen in the ministry of railways to fast track committee to be constituted by the government. In the meantime normal replacement scales will apply in the case of master craftsmen.
The government has approved setting up of anomalies committee to examine individual, post specific and cadre specific anomalies. The anomalies committee should endeavour to complete their work in one year.
The commission’s recommendations regarding higher pay packages of Rs 2.5 lakh and 3 lakh pm (without house and car) for chairperson and full time members of five specific regulatory bodies viz telecom regulatory authority of India, insurance regulatory and development authority, central regulatory commission, securities and exchange board of India and competition commission of India have been acceptd.
The government has agreed in principle approval to a scheme of allowances for CPMF officers of the rank of commandant and below and other ranks in the battalions deployed in difficult areas/counter insurgency areas and in high altitude areas keeping in view the allowances granted to defence forces personnel in such or similar areas and detachment and other allowances granted to the CPMF personnel at present to be worked out in consultation with department of expenditure.
The dynamic ACP scheme for doctors will be extended upto the senior administrative grade (Grade pay of Rs 10000 in pB-4) for medical doctors having 20 years of regular service, or seven years of regular service in he non functional selection grade of Rs 8700 grade in pay band –4.
The government while modifying the recommendations has accepted the suggestion of the pay panel for four pay bands with 20 grade pays.
Tags: 6th Pay Commission,Sixth Pay Commission latest News,Sixth Pay Commission
Source: http://www.khabrein.info/
Gujarat Govt to study sixth pay commission hike
Gujarat Govt to study sixth pay commission hike
With the aim to increase the salary of the employees by 20%, the Gujarat government has taken up the decision to set up a babus’ committee on suggestion of the Centre's sixth pay commission award.
Jay Narayan Vyas, spokesperson of the Govt. informed soon after the Cabinet meeting was over, “The secretaries' committee will submit its report to the Cabinet sub-committee, formed early this year on what the sixth pay commission may mean to Gujarat.”
This announcement came due to the suggestion passed on Wednesday to the Cabinet that before putting the sixth pay panel suggestions into action, the official should first examine it properly. “The official committee will submit its report to the sub-committee, which in turn will get Cabinet nod before putting the sixth pay panel recommendations into gear,” reported Vyas.
Source: http://www.topnews.in/gujarat-govt-study-sixth-pay-commission-hike-263145
With the aim to increase the salary of the employees by 20%, the Gujarat government has taken up the decision to set up a babus’ committee on suggestion of the Centre's sixth pay commission award.
Jay Narayan Vyas, spokesperson of the Govt. informed soon after the Cabinet meeting was over, “The secretaries' committee will submit its report to the Cabinet sub-committee, formed early this year on what the sixth pay commission may mean to Gujarat.”
This announcement came due to the suggestion passed on Wednesday to the Cabinet that before putting the sixth pay panel suggestions into action, the official should first examine it properly. “The official committee will submit its report to the sub-committee, which in turn will get Cabinet nod before putting the sixth pay panel recommendations into gear,” reported Vyas.
Source: http://www.topnews.in/gujarat-govt-study-sixth-pay-commission-hike-263145
Companies bill 2008 gets the nod of Union Cabinet (pib.nic.in)
Companies bill 2008 gets the nod of Union Cabinet (pib.nic.in)
USHERS IN AN ERA OF COMPACT CORPORATE LEGISLATION AND SHAREHOLDER DEMOCRACY
19:36 IST
The Union cabinet today gave its nod for the introduction of the Companies Bill 2008 in the next session of Parliament to replace the existing Companies Act, 1956 by incorporating far-reaching changes. The proposed Bill seeks to enable the corporate sector in India to operate in a regulatory environment of best international practices so that entrepreneurship, investment and growth are encouraged. It calls for shareholder democracy with protection of the rights of minority stakeholders. The Bill provides right to Shareholder Associations/Group of Shareholders to take legal action in case of any fraudulent deed on the part of a company and also to take part in investor protection activities and 'Class Action Suits'. It provides for Special Courts to deal with corporate offences. Company matters such as mergers and amalgamations, reduction of capital, insolvency including rehabilitation, liquidations and winding up are proposed to be addressed by a National Company Law Tribunal/ National Company Law Appellate Tribunal. The Bill recognizes insider trading by company Directors/KMPs as an offence with criminal liability.
The Companies Bill 2008 is an effort to usher in self-regulation in corporate affairs with disclosures and accountability, and to substitute government control over internal corporate processes and decisions by shareholder control. It also provides for an easy transition of companies operating under the existing Companies Act of 1956, to the new framework as also from one type of company to another. A new entity in the form of One-Person Company is also being introduced by the new Bill. It also provides for appointment of Independent Directors in certain types of Listed Companies and in such cases the minimum number of Independent Directors shall not be less than 33 % of the total number of Directors. It also recognizes both accounting and auditing standards.
The Bill is the result of a comprehensive revision of the existing Companies Act, 1956 that started way back in 2004. In this context the Govt. had constituted an Expert Committee under the chairmanship of Dr. J.J. Irani in Dec. 2004.The Committee had submitted its report to the Govt. on 31st May 2005. After this a detailed consultation was done with various Ministries, Departments and Govt. regulators. The new Bill provides for the basic principles for all aspects of internal governance of corporate entities and framework for their regulation.
--------------
KKP
Source: http://pib.nic.in/release/release.asp?relid=42085
USHERS IN AN ERA OF COMPACT CORPORATE LEGISLATION AND SHAREHOLDER DEMOCRACY
19:36 IST
The Union cabinet today gave its nod for the introduction of the Companies Bill 2008 in the next session of Parliament to replace the existing Companies Act, 1956 by incorporating far-reaching changes. The proposed Bill seeks to enable the corporate sector in India to operate in a regulatory environment of best international practices so that entrepreneurship, investment and growth are encouraged. It calls for shareholder democracy with protection of the rights of minority stakeholders. The Bill provides right to Shareholder Associations/Group of Shareholders to take legal action in case of any fraudulent deed on the part of a company and also to take part in investor protection activities and 'Class Action Suits'. It provides for Special Courts to deal with corporate offences. Company matters such as mergers and amalgamations, reduction of capital, insolvency including rehabilitation, liquidations and winding up are proposed to be addressed by a National Company Law Tribunal/ National Company Law Appellate Tribunal. The Bill recognizes insider trading by company Directors/KMPs as an offence with criminal liability.
The Companies Bill 2008 is an effort to usher in self-regulation in corporate affairs with disclosures and accountability, and to substitute government control over internal corporate processes and decisions by shareholder control. It also provides for an easy transition of companies operating under the existing Companies Act of 1956, to the new framework as also from one type of company to another. A new entity in the form of One-Person Company is also being introduced by the new Bill. It also provides for appointment of Independent Directors in certain types of Listed Companies and in such cases the minimum number of Independent Directors shall not be less than 33 % of the total number of Directors. It also recognizes both accounting and auditing standards.
The Bill is the result of a comprehensive revision of the existing Companies Act, 1956 that started way back in 2004. In this context the Govt. had constituted an Expert Committee under the chairmanship of Dr. J.J. Irani in Dec. 2004.The Committee had submitted its report to the Govt. on 31st May 2005. After this a detailed consultation was done with various Ministries, Departments and Govt. regulators. The new Bill provides for the basic principles for all aspects of internal governance of corporate entities and framework for their regulation.
--------------
KKP
Source: http://pib.nic.in/release/release.asp?relid=42085
Companies bill 2008: Union cabinet clears new Companies Bill
Companies bill 2008: Union cabinet clears new Companies Bill
The new Bill will streamline the approval process for mergers and acquisitions
Sangeeta Singh
New Delhi: The Union cabinet on Friday cleared the Companies Bill, 2008, that calls for stricter disclosure norms, speedier incorporation of companies, more powers to shareholders and streamlining businesses.
The new Bill is also leaner with the number of provisions—norms related to different aspects of doing business—being halved to 400.
The current Companies Act came into effect in 1956 when Indian firms totalled just 30,000, government data shows. Today, there are more than 700,000 companies doing business in a far more complex and liberalized scenario that has seen a surge in international transactions in recent times.
“Self-regulation, shareholders’ democracy and minimal interference by the government, in other words, reducing approvals needed from the government, besides huge penalties for non-compliance are some of the main features of the proposed Bill,” said minister of corporate affairs Prem Chand Gupta.
The new Bill will streamline the approval process for mergers and acquisitions, or M&As. For smaller, private and family-owned businesses, there will be a provision for so-called deemed approval. Currently, each M&A needs to be approved by a high court.
The new Bill, vetted by the law ministry, is likely to be placed in Parliament that begins a session on 17 October.
Under the proposal, partnership firms can have 100 members compared with 20 now, offering scope for expanding their businesses considerably.
“This will further facilitate limited liability partnership firms (Llp), the Bill for which is already in the Parliament,” said Gupta.
An Llp is an alternative business structure combining the limited liability benefits of a company with the flexibility of partnerships.
To enable an individual to start and manage his or her own enterprise, a provision of “one person company” has been introduced in the Bill. Under existing laws, at least two people are needed to start a company.
It has also introduced so-called class action suits, through which minority shareholders can challenge the management as a group.
“Minority stakeholders will benefit from class action, as also guidelines specified for fair valuation of companies through independent professionals such as cost and work accountants, chartered accountants and company secretaries,” said Sumant Batra, member of the managing committee of industry lobby Associated Chambers of Commerce and Industry of India.
Tags: Companies bill 2008,Companies bill,
Source: http://www.livemint.com/2008/08/30000836/Union-cabinet-clears-new-Compa.html
The new Bill will streamline the approval process for mergers and acquisitions
Sangeeta Singh
New Delhi: The Union cabinet on Friday cleared the Companies Bill, 2008, that calls for stricter disclosure norms, speedier incorporation of companies, more powers to shareholders and streamlining businesses.
The new Bill is also leaner with the number of provisions—norms related to different aspects of doing business—being halved to 400.
The current Companies Act came into effect in 1956 when Indian firms totalled just 30,000, government data shows. Today, there are more than 700,000 companies doing business in a far more complex and liberalized scenario that has seen a surge in international transactions in recent times.
“Self-regulation, shareholders’ democracy and minimal interference by the government, in other words, reducing approvals needed from the government, besides huge penalties for non-compliance are some of the main features of the proposed Bill,” said minister of corporate affairs Prem Chand Gupta.
The new Bill will streamline the approval process for mergers and acquisitions, or M&As. For smaller, private and family-owned businesses, there will be a provision for so-called deemed approval. Currently, each M&A needs to be approved by a high court.
The new Bill, vetted by the law ministry, is likely to be placed in Parliament that begins a session on 17 October.
Under the proposal, partnership firms can have 100 members compared with 20 now, offering scope for expanding their businesses considerably.
“This will further facilitate limited liability partnership firms (Llp), the Bill for which is already in the Parliament,” said Gupta.
An Llp is an alternative business structure combining the limited liability benefits of a company with the flexibility of partnerships.
To enable an individual to start and manage his or her own enterprise, a provision of “one person company” has been introduced in the Bill. Under existing laws, at least two people are needed to start a company.
It has also introduced so-called class action suits, through which minority shareholders can challenge the management as a group.
“Minority stakeholders will benefit from class action, as also guidelines specified for fair valuation of companies through independent professionals such as cost and work accountants, chartered accountants and company secretaries,” said Sumant Batra, member of the managing committee of industry lobby Associated Chambers of Commerce and Industry of India.
Tags: Companies bill 2008,Companies bill,
Source: http://www.livemint.com/2008/08/30000836/Union-cabinet-clears-new-Compa.html
Sixth Pay Commission: Govt to set up ex-servicemen commission soon: Antony
Sixth Pay Commission: Govt to set up ex-servicemen commission soon: Antony
The government will soon set up an Ex-Servicemen Commission in order to streamline efforts to address the grievances of armed forces veterans and plan welfare schemes for them, Defence Minister A K Antony said today.
"After opening a new department in the Defence Ministry for ex-servicemen, the government is going to set up an Ex-Servicemen Commission soon to recommend various welfare schemes for them and their families," Antony said, soon after inaugurating a Sainik School at Thappa Gothra Khori village near here.
He said the government had also earmarked around Rs 6,000 crore additionally for serving defence personnel and ex-servicemen after removing the anomalies in the recommendations of the sixth pay commission, which was being implemented from September 1.
Asking other states of the country to emulate the model of Haryana, Antony appreciated the efforts of Haryana government in taking care of its ex-servicemen and providing them welfare schemes.
"The Sainik Schools are today one of the major vehicles to carry forward the movement of mass discipline in our society," he said.
Source: http://paycommissionnews.blogspot.com/
The government will soon set up an Ex-Servicemen Commission in order to streamline efforts to address the grievances of armed forces veterans and plan welfare schemes for them, Defence Minister A K Antony said today.
"After opening a new department in the Defence Ministry for ex-servicemen, the government is going to set up an Ex-Servicemen Commission soon to recommend various welfare schemes for them and their families," Antony said, soon after inaugurating a Sainik School at Thappa Gothra Khori village near here.
He said the government had also earmarked around Rs 6,000 crore additionally for serving defence personnel and ex-servicemen after removing the anomalies in the recommendations of the sixth pay commission, which was being implemented from September 1.
Asking other states of the country to emulate the model of Haryana, Antony appreciated the efforts of Haryana government in taking care of its ex-servicemen and providing them welfare schemes.
"The Sainik Schools are today one of the major vehicles to carry forward the movement of mass discipline in our society," he said.
Source: http://paycommissionnews.blogspot.com/
Sixth Central Pay Commission: Govt notifies sixth Pay Panel report
Sixth Central Pay Commission: Govt notifies sixth Pay Panel report
Over 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government today notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC proposals had received a seal of approval from the union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24 this year.
The CPC recommendations and the subsequent governemnt decision with regard to revised scales of pay and dearness allowance for civilian employees of the central government would be made retrospectively effective from January 1, 2006, the notification said.
However, the revised allowances, other than dearness allowance, would be effective only from September 1 this year. On payment of arrears, the government has modified to the extent that the arrears would be paid in cash in two instalments - first instalment of 40 per cent this financial year (2008-09) and the remaining 60 per cent in the next financial year (2009-10).
Source: http://paycommissionnews.blogspot.com/
Over 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government today notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC proposals had received a seal of approval from the union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24 this year.
The CPC recommendations and the subsequent governemnt decision with regard to revised scales of pay and dearness allowance for civilian employees of the central government would be made retrospectively effective from January 1, 2006, the notification said.
However, the revised allowances, other than dearness allowance, would be effective only from September 1 this year. On payment of arrears, the government has modified to the extent that the arrears would be paid in cash in two instalments - first instalment of 40 per cent this financial year (2008-09) and the remaining 60 per cent in the next financial year (2009-10).
Source: http://paycommissionnews.blogspot.com/
Sixth Pay Commission: Govt rejects four pay panel suggestions
Sixth Pay Commission: Govt rejects four pay panel suggestions
Four recommendations of the Sixth Pay Commission, including only three closed holidays for government employees, flexi-hours for women and flexi-weeks for the disabled, have been rejected, says the official notification and resolution of the revised central government pay rules, issued on Friday night.
The proposal to provide a liberal severance package to those employees who wish to leave service between 15 years and 20 years without taking pension has also been rejected.
The government will also examine as many as 10 recommendations, including granting bonus and overtime allowance, corporatising Indian Railways, abolishing the Indian Telecom Service and the Telecom Commission and introduction of a health insurance scheme for central government employees and pensioners, the resolution states.
The proposal to outsource the process of commutation of pension to a public sector bank or institution will also be looked into separately. No time frame has been specified for the same.
The government has also notified the improved and modified three pay bands, and changed grade pays. It has also notified the additional increment of 3 per cent to Indian Administrative Service and Indian Foreign Service officers over other services in three grades. The dearness allowance has been made effective from January 1, 2006.
The resolution makes it clear that the chairpersons and members of five regulators — Telecom Regulatory Authority of India (Trai), Insurance Regulatory and Development Authority (Irda), Central Electricity Regulatory Commission (CERC), Securities and Exchange Board of India (Sebi) and Competition Commission of India (CCI) — will receive Rs 3 lakh and Rs 2.5 lakh per month, respectively.
On August 14, the Union Cabinet had approved an improved version of the Sixth Pay Commission award with effect from January 1, 2006.
Consequently, an estimated 4.6 million central employees will receive a raise of between 28 per cent and 40 per cent over their existing basic pay. Employees will start receiving their higher salaries and allowances with effect from September this year.
Source: http://paycommissionnews.blogspot.com/
Four recommendations of the Sixth Pay Commission, including only three closed holidays for government employees, flexi-hours for women and flexi-weeks for the disabled, have been rejected, says the official notification and resolution of the revised central government pay rules, issued on Friday night.
The proposal to provide a liberal severance package to those employees who wish to leave service between 15 years and 20 years without taking pension has also been rejected.
The government will also examine as many as 10 recommendations, including granting bonus and overtime allowance, corporatising Indian Railways, abolishing the Indian Telecom Service and the Telecom Commission and introduction of a health insurance scheme for central government employees and pensioners, the resolution states.
The proposal to outsource the process of commutation of pension to a public sector bank or institution will also be looked into separately. No time frame has been specified for the same.
The government has also notified the improved and modified three pay bands, and changed grade pays. It has also notified the additional increment of 3 per cent to Indian Administrative Service and Indian Foreign Service officers over other services in three grades. The dearness allowance has been made effective from January 1, 2006.
The resolution makes it clear that the chairpersons and members of five regulators — Telecom Regulatory Authority of India (Trai), Insurance Regulatory and Development Authority (Irda), Central Electricity Regulatory Commission (CERC), Securities and Exchange Board of India (Sebi) and Competition Commission of India (CCI) — will receive Rs 3 lakh and Rs 2.5 lakh per month, respectively.
On August 14, the Union Cabinet had approved an improved version of the Sixth Pay Commission award with effect from January 1, 2006.
Consequently, an estimated 4.6 million central employees will receive a raise of between 28 per cent and 40 per cent over their existing basic pay. Employees will start receiving their higher salaries and allowances with effect from September this year.
Source: http://paycommissionnews.blogspot.com/
Sixth pay commission: The Final New Pay Bands are here
Sixth pay commission: The Final New Pay Bands are here
The final notified new pays for implementation of the sixth pay commission. recomendations are as follows
Click here for Revised Pay Scales recommended by the Sixth Central Pay Commission, Present Scales and REVISED PAY Structure.
Tags:Pay Band,Pay Bands,Sixth pay commission, 6th pay commission,Sixth pay commission Pay Bands,6th pay commission Pay Bands
Source: http://paycommissionnews.blogspot.com/2008/08/final-new-pay-bands-are-here.html
The final notified new pays for implementation of the sixth pay commission. recomendations are as follows
Click here for Revised Pay Scales recommended by the Sixth Central Pay Commission, Present Scales and REVISED PAY Structure.
Tags:Pay Band,Pay Bands,Sixth pay commission, 6th pay commission,Sixth pay commission Pay Bands,6th pay commission Pay Bands
Source: http://paycommissionnews.blogspot.com/2008/08/final-new-pay-bands-are-here.html
Sixth pay commission: (pay band 3,pay band 4) Enhanced Grade Pay for PB3 and PB4
Sixth pay commission: (pay band 3,pay band 4) Enhanced Grade Pay for PB3 and PB4
The grade pay for the pay band 3 and 4 has been enhanced by the government from the recommendations made by the sixth pay commission.
Click here for The grade pay for the pay band 3 and 4
Tags: pay band 3,pay band 4,pay band,Sixth pay commission,6th pay commission
Source: http://paycommissionnews.blogspot.com/2008/08/enhanced-grade-pay-for-pb3-and-pb4.html
The grade pay for the pay band 3 and 4 has been enhanced by the government from the recommendations made by the sixth pay commission.
Click here for The grade pay for the pay band 3 and 4
Tags: pay band 3,pay band 4,pay band,Sixth pay commission,6th pay commission
Source: http://paycommissionnews.blogspot.com/2008/08/enhanced-grade-pay-for-pb3-and-pb4.html
Sixth pay commission: The Gazette Notification
Sixth pay commission: The Gazette Notification
The Gazette Notification on sixth pay commission can be obtained at the following link
http://pib.nic.in/archieve/others/2008/aug/6th_payNotification.pdf
The Gazette Notification on sixth pay commission can be obtained at the following link
http://pib.nic.in/archieve/others/2008/aug/6th_payNotification.pdf
Sixth pay commission: Pay Calculator Based on Gazette Notification
Sixth pay commission: Pay Calculator Based on Gazette Notification
The modified pay calculator based on the sixth pay commission implementation official Gazette Notification is available here - http://staffcorner.com.p4.hostingprod.com/calc_mirror1.html
Source: http://paycommissionnews.blogspot.com
The modified pay calculator based on the sixth pay commission implementation official Gazette Notification is available here - http://staffcorner.com.p4.hostingprod.com/calc_mirror1.html
Source: http://paycommissionnews.blogspot.com
Krishna Kumar Birla (KK Birla)
Krishna Kumar Birla (KK Birla)
Dr. Krishna Kumar Birla (died August 30, 2008) was a noted Indian industrialist of the Birla family, and the eldest surviving son of Ghanshyam Das Birla. He also served as a Member of the Rajya Sabha.
In 1991 he established the K.K. Birla Foundation to promote Hindi literature and is the Chancellor of the Birla Institute of Technology and Science at Pilani.
He is the group chairman of the Zuari-Chambal group of companies with a turnover of Rs.10,000 crores.
He is the Chairman of ZUARI-CHAMBAL-PARADEEP, India's largest fertilizer combine in private sector.
Group companies: Zuari Industries Ltd, Chambal Fertlizers & Chemicals Ltd, Paradeep Phosphates Ltd, Zuari Investments Ltd, Zuari Furniture Ltd, Zuari Seeds Ltd, Zuari Cement Ltd, Chambal Agrotech Ltd, Chambal Food Processing Unit, Sutlej Industries Ltd, Birla Textile Mills Ltd, Oudh Sugar Mills Ltd, Texmaco Ltd, Indian Steamship Company Ltd, Indian Oiltanking Ltd, Simon India Ltd, ISG Novasoft Ltd, Indo Maroc Phosphore Ltd, Style Spa Furniture Ltd, Hindustan Times Media Ltd, and many more companies .....
Total No of group companies : more than 40.
K K Birla died on 8/30/2008 at 7:30am after a brief illness.
Source: http://en.wikipedia.org/wiki/Krishna_Kumar_Birla
Dr. Krishna Kumar Birla (died August 30, 2008) was a noted Indian industrialist of the Birla family, and the eldest surviving son of Ghanshyam Das Birla. He also served as a Member of the Rajya Sabha.
In 1991 he established the K.K. Birla Foundation to promote Hindi literature and is the Chancellor of the Birla Institute of Technology and Science at Pilani.
He is the group chairman of the Zuari-Chambal group of companies with a turnover of Rs.10,000 crores.
He is the Chairman of ZUARI-CHAMBAL-PARADEEP, India's largest fertilizer combine in private sector.
Group companies: Zuari Industries Ltd, Chambal Fertlizers & Chemicals Ltd, Paradeep Phosphates Ltd, Zuari Investments Ltd, Zuari Furniture Ltd, Zuari Seeds Ltd, Zuari Cement Ltd, Chambal Agrotech Ltd, Chambal Food Processing Unit, Sutlej Industries Ltd, Birla Textile Mills Ltd, Oudh Sugar Mills Ltd, Texmaco Ltd, Indian Steamship Company Ltd, Indian Oiltanking Ltd, Simon India Ltd, ISG Novasoft Ltd, Indo Maroc Phosphore Ltd, Style Spa Furniture Ltd, Hindustan Times Media Ltd, and many more companies .....
Total No of group companies : more than 40.
K K Birla died on 8/30/2008 at 7:30am after a brief illness.
Source: http://en.wikipedia.org/wiki/Krishna_Kumar_Birla
SMU - Southern Methodist University - www.smu.edu
SMU - Southern Methodist University - www.smu.edu
SMU - Southern Methodist University
A private university of 11,000 students near the center of Dallas, SMU offers strong undergraduate, graduate, and professional programs through seven schools — in the humanities and sciences; business; the performing, visual, and communication arts; engineering; education and human development; law; and theology.
Students come from all 50 states, the District of Columbia, and nearly 90 foreign countries, and represent diverse economic, ethnic, and religious backgrounds.
SMU itself is a gateway to the global community, offering more than 20 study-abroad programs as well as a unique campus in Northern New Mexico on the site of a historic fort and 13th-century Indian pueblo.
The University's 10 libraries house the largest private collection of research materials in the Southwest.
The internationally acclaimed Meadows Museum houses one of the finest collections of Spanish art outside of Spain.
As part of SMU's focus on leadership, the Tate Distinguished Lecture Series and Hart Global Leaders Forum bring national and world leaders to campus for lectures and interaction with students.
SMU is one of the few universities to have a voting student member of its Board of Trustees. More than 200 campus organizations provide other opportunities for involvement.
SMU was recently ranked in Forbes magazine as the 13th best university in the United States.
Founded in 1911 by what is now The United Methodist Church, SMU opened in 1915 with support from Dallas leaders. The University is nonsectarian in its teaching and committed to freedom of inquiry.
Source: http://www.smu.edu
SMU - Southern Methodist University
A private university of 11,000 students near the center of Dallas, SMU offers strong undergraduate, graduate, and professional programs through seven schools — in the humanities and sciences; business; the performing, visual, and communication arts; engineering; education and human development; law; and theology.
Students come from all 50 states, the District of Columbia, and nearly 90 foreign countries, and represent diverse economic, ethnic, and religious backgrounds.
SMU itself is a gateway to the global community, offering more than 20 study-abroad programs as well as a unique campus in Northern New Mexico on the site of a historic fort and 13th-century Indian pueblo.
The University's 10 libraries house the largest private collection of research materials in the Southwest.
The internationally acclaimed Meadows Museum houses one of the finest collections of Spanish art outside of Spain.
As part of SMU's focus on leadership, the Tate Distinguished Lecture Series and Hart Global Leaders Forum bring national and world leaders to campus for lectures and interaction with students.
SMU is one of the few universities to have a voting student member of its Board of Trustees. More than 200 campus organizations provide other opportunities for involvement.
SMU was recently ranked in Forbes magazine as the 13th best university in the United States.
Founded in 1911 by what is now The United Methodist Church, SMU opened in 1915 with support from Dallas leaders. The University is nonsectarian in its teaching and committed to freedom of inquiry.
Source: http://www.smu.edu
rcmbusiness.com - RCM Business - Right Concept Marketing
rcmbusiness.com - RCM Business - Right Concept Marketing
Right Concept Marketing
RCM is Providing various SMS Services.
Find the information you need to know about the company RCM Business at website www.rcmbusiness.com. The home page cannot be accessed due to heavy traffic. Try again later.
Tags: rcmbusiness.com,rcmbusiness,SMS Services,RCM
Right Concept Marketing
RCM is Providing various SMS Services.
Find the information you need to know about the company RCM Business at website www.rcmbusiness.com. The home page cannot be accessed due to heavy traffic. Try again later.
Tags: rcmbusiness.com,rcmbusiness,SMS Services,RCM
Sixth Pay Commission: Power deficit to hit India
Sixth Pay Commission: Power deficit to hit India
Aug. 29: The Reserve Bank of India (RBI) in its annual report has warned that the sustained high projected rates of growth in the economy would be hampered if the problem of power shortage is tackled properly.
The annual report released on Friday said that during 2007-08 only 9,263 mega watt (MW) capacity was added against a target of 16,335 MW.
The RBI said the slow progress in capacity addition has accentuated the power supply deficits and any slippage in achieving the targets may worsen the situation further in the face of increasing demand for power from industry and other sectors.
The RBI has adviced the Central government to undertake a co-mprehensive agriculture revamp programme "as a policy priority to increase the production of varieties like wheat and pulses."
Furthermore, a regionally differentiated agricultural strategy needs to be implemented taking into account the local resource endowments, capabilities as well as restrains, it said.
The RBI has warned that finances of the Central government may come under pressure with the implementation of the Sixth Pay Commission, loss of revenues on account of reduction in duties on petroleum products, likely increase in fertiliser subsidy and the implementation of debt waiver and debt relief scheme for farmers.
Additionally, as the government may incur increasing liabilities towards issuance of oil and fertilisers bonds, the level of public debt will be impacted on.
The Reserve Bank of India has suggested that in its order to ensure that fiscal imbalances does not diverge from the budget estimates, "efforts are needed to improve tax buoyancy through widening tax base and further improvement in the tax administration."
Tags: 6th Pay Commission,Sixth Pay Commission
Source: http://howrah.org/business/26549.html
Aug. 29: The Reserve Bank of India (RBI) in its annual report has warned that the sustained high projected rates of growth in the economy would be hampered if the problem of power shortage is tackled properly.
The annual report released on Friday said that during 2007-08 only 9,263 mega watt (MW) capacity was added against a target of 16,335 MW.
The RBI said the slow progress in capacity addition has accentuated the power supply deficits and any slippage in achieving the targets may worsen the situation further in the face of increasing demand for power from industry and other sectors.
The RBI has adviced the Central government to undertake a co-mprehensive agriculture revamp programme "as a policy priority to increase the production of varieties like wheat and pulses."
Furthermore, a regionally differentiated agricultural strategy needs to be implemented taking into account the local resource endowments, capabilities as well as restrains, it said.
The RBI has warned that finances of the Central government may come under pressure with the implementation of the Sixth Pay Commission, loss of revenues on account of reduction in duties on petroleum products, likely increase in fertiliser subsidy and the implementation of debt waiver and debt relief scheme for farmers.
Additionally, as the government may incur increasing liabilities towards issuance of oil and fertilisers bonds, the level of public debt will be impacted on.
The Reserve Bank of India has suggested that in its order to ensure that fiscal imbalances does not diverge from the budget estimates, "efforts are needed to improve tax buoyancy through widening tax base and further improvement in the tax administration."
Tags: 6th Pay Commission,Sixth Pay Commission
Source: http://howrah.org/business/26549.html
Sixth pay commission notification 2008
Sixth pay commission notification 2008
Notification issued for Sixth Pay Commission implementation
New Delhi, Aug 30, 2008: Finally the government today issued notification for implementing Sixth Pay Commission recommendations.
The day was being awaited with bated breath by more than five million central government employees. The Union cabinet had approved the recommendations of the sixth pay panel suggestions on 14 August and had made several improvement over the original suggestions made by the central pay panel.
The notification means that the central government employees are all set to receive the revised pay as approved by the government from September 1, giving a much needed relief to central government employees who like others have been hit hard by increasing inflation and spiraling prices.
The implementation of the pay panel recommendations would require huge amount of money that experts say would increase the deficit. The financial implications in 2008-09 on account of the implementation of the recommendations of the Sixth Central Pay Commission as modified by the Cabinet will be around Rs.15700 crore on the Central Budget and Rs.6400 crore on the Railway Budget
It is being said that modification of the Pay Commission award will cost the exchequer an additional Rs 5,000 crore towards annual wages and Rs 6,000 crore towards arrears, said Expenditure Secretary Sushma Nath.
The notification issued by the government today says, “With regard to fixation of pay in the revised pay bands, the basic pay drawn as on 1.1.2006 on the existing fifth CPC pay scales will be multiplied by a factor of 1.86 and then rounded off to next multiple of 10. this will be the pay in the revised running pay band. Grade pay as approved by the corresponding to the pre-revised pay scale will then be added to the pay in the revised pay band. The total of pay in the pay band and grade pay will be the revised basic pay as on 1.1.2006.
Increment: rate of annual increment will be modified from 2.5% recommended by the commission to 3% and the rate of variable increment for high achievers in PB-3 will be 4% instead of 3.5% recommended by the commission.
Campus restriction for grant of transport allowance will be removed. Consequently employees living in campuses will also be eligible for transport allowance. Further transport allowance for the employees at the lowest levels will be increased to Rs 600 from existing Rs 400 in A-1/A class cities and Rs 400 from existing Rs 300 in other towns.
Three upgradation will be granted under assured career progression (ACP) scheme at 10, 20 and 30 years as per the modified ACP scheme recommended by the commission. ACP scheme will also be applicable to group A employees.
After 4 years of regular services in the entry grade of Rs 4800 in PB-2 officers belonging to Delhi and Andaman and Nicobar islands police service will be granted the non-functional grade of Rs 5400 in PB3 and not in PB-2.
After 4 years of regular service in the section officer/ private secretary/equivalent grade of Rs 4800 grade pay in PB-2 officers of central secretrait service, central secretrait stenographers service and other similarly placed HQ services will be granted the non-functional grade of Rs 5400 in PB3 and not in PB-2.
The commission’s recommendation regarding payment of arrears has been modified to the extent that the arrears will be paid in cash in two instalments- first instalment of 40% during the current financial year 2008-09 and the remaining 60 percent in the next financial year 2009-10.
The revised allowances other than dearness allowance will be effective from 1st day of September 2008.
The government while modifying the recommendations has accepted the suggestion of the pay panel for four pay bands with 20 grade pays.
Source: khabrein.info
Notification issued for Sixth Pay Commission implementation
New Delhi, Aug 30, 2008: Finally the government today issued notification for implementing Sixth Pay Commission recommendations.
The day was being awaited with bated breath by more than five million central government employees. The Union cabinet had approved the recommendations of the sixth pay panel suggestions on 14 August and had made several improvement over the original suggestions made by the central pay panel.
The notification means that the central government employees are all set to receive the revised pay as approved by the government from September 1, giving a much needed relief to central government employees who like others have been hit hard by increasing inflation and spiraling prices.
The implementation of the pay panel recommendations would require huge amount of money that experts say would increase the deficit. The financial implications in 2008-09 on account of the implementation of the recommendations of the Sixth Central Pay Commission as modified by the Cabinet will be around Rs.15700 crore on the Central Budget and Rs.6400 crore on the Railway Budget
It is being said that modification of the Pay Commission award will cost the exchequer an additional Rs 5,000 crore towards annual wages and Rs 6,000 crore towards arrears, said Expenditure Secretary Sushma Nath.
The notification issued by the government today says, “With regard to fixation of pay in the revised pay bands, the basic pay drawn as on 1.1.2006 on the existing fifth CPC pay scales will be multiplied by a factor of 1.86 and then rounded off to next multiple of 10. this will be the pay in the revised running pay band. Grade pay as approved by the corresponding to the pre-revised pay scale will then be added to the pay in the revised pay band. The total of pay in the pay band and grade pay will be the revised basic pay as on 1.1.2006.
Increment: rate of annual increment will be modified from 2.5% recommended by the commission to 3% and the rate of variable increment for high achievers in PB-3 will be 4% instead of 3.5% recommended by the commission.
Campus restriction for grant of transport allowance will be removed. Consequently employees living in campuses will also be eligible for transport allowance. Further transport allowance for the employees at the lowest levels will be increased to Rs 600 from existing Rs 400 in A-1/A class cities and Rs 400 from existing Rs 300 in other towns.
Three upgradation will be granted under assured career progression (ACP) scheme at 10, 20 and 30 years as per the modified ACP scheme recommended by the commission. ACP scheme will also be applicable to group A employees.
After 4 years of regular services in the entry grade of Rs 4800 in PB-2 officers belonging to Delhi and Andaman and Nicobar islands police service will be granted the non-functional grade of Rs 5400 in PB3 and not in PB-2.
After 4 years of regular service in the section officer/ private secretary/equivalent grade of Rs 4800 grade pay in PB-2 officers of central secretrait service, central secretrait stenographers service and other similarly placed HQ services will be granted the non-functional grade of Rs 5400 in PB3 and not in PB-2.
The commission’s recommendation regarding payment of arrears has been modified to the extent that the arrears will be paid in cash in two instalments- first instalment of 40% during the current financial year 2008-09 and the remaining 60 percent in the next financial year 2009-10.
The revised allowances other than dearness allowance will be effective from 1st day of September 2008.
The government while modifying the recommendations has accepted the suggestion of the pay panel for four pay bands with 20 grade pays.
Source: khabrein.info
UK to provide 150,000 pounds to help Bihar flood victims (www.ptinews.com)
UK to provide 150,000 pounds to help Bihar flood victims (www.ptinews.com)
London, Aug 29 (PTI) Britain today announced that it would provide 150,000 pounds (about Rs 1.2 Crore) to help flood victims in Bihar where more than 2.6 million people in 15 districts have been affected.
The British government's Department for International Development (DFID) said it has asked UNICEF to redirect 150,000 pounds of an existing Trust Fund for immediate assistance to those who have been made homeless by the severe floods in the impoverished Indian state.
The funding will be used to supply up to 20 camps, which currently house 10,000 displaced families, with clean water, shelter and sanitation.
"The situation in Bihar is particularly serious and the UK has responded quickly to provide help to those affected," said Shahid Malik, Britain's International Development Minister.
He said Britain was in contact with the Government of Bihar "and are on standby to step up assistance if needed". "We will continue to monitor the situation closely," he added.
The situation in Bihar is particularly serious following a 2-km breach in the eastern embankment of Kosi River in Kusha on the Indo-Nepal border, which occurred on August 18. More than 2.6 million people in 15 districts of Bihar have been affected by the disaster. PTI
Source: http://www.ptinews.com
London, Aug 29 (PTI) Britain today announced that it would provide 150,000 pounds (about Rs 1.2 Crore) to help flood victims in Bihar where more than 2.6 million people in 15 districts have been affected.
The British government's Department for International Development (DFID) said it has asked UNICEF to redirect 150,000 pounds of an existing Trust Fund for immediate assistance to those who have been made homeless by the severe floods in the impoverished Indian state.
The funding will be used to supply up to 20 camps, which currently house 10,000 displaced families, with clean water, shelter and sanitation.
"The situation in Bihar is particularly serious and the UK has responded quickly to provide help to those affected," said Shahid Malik, Britain's International Development Minister.
He said Britain was in contact with the Government of Bihar "and are on standby to step up assistance if needed". "We will continue to monitor the situation closely," he added.
The situation in Bihar is particularly serious following a 2-km breach in the eastern embankment of Kosi River in Kusha on the Indo-Nepal border, which occurred on August 18. More than 2.6 million people in 15 districts of Bihar have been affected by the disaster. PTI
Source: http://www.ptinews.com
Sixth Pay Commission: Govt notifies revised pay panel report
Sixth Pay Commission: Govt notifies revised pay panel report
New Delhi, Aug. 29: Over 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government on Friday notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC proposals RPT proposals had received a seal of approval from the Union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24, 2008. The CPC recommendations and the government decision, with regard to revised scales of pay and dearness allowance for civilian employees of the Central government, would be made retrospectively effective from January 1, 2006, the notification said.
However, the revised allowances, other than dearness allowance, would be effective only from September 1, 2008. On payment of arrears, the government has modified to the extent that the arrears would be paid in cash in two instalments. —PTI
Tags: Sixth Central Pay Commission (CPC),6th Central Pay Commission (CPC),Sixth Pay Commission,6th Pay Commission,Sixth Pay Commission News,Sixth Pay Commission Latest News
Source: http://howrah.org/india_news/26555.html
New Delhi, Aug. 29: Over 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government on Friday notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC proposals RPT proposals had received a seal of approval from the Union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24, 2008. The CPC recommendations and the government decision, with regard to revised scales of pay and dearness allowance for civilian employees of the Central government, would be made retrospectively effective from January 1, 2006, the notification said.
However, the revised allowances, other than dearness allowance, would be effective only from September 1, 2008. On payment of arrears, the government has modified to the extent that the arrears would be paid in cash in two instalments. —PTI
Tags: Sixth Central Pay Commission (CPC),6th Central Pay Commission (CPC),Sixth Pay Commission,6th Pay Commission,Sixth Pay Commission News,Sixth Pay Commission Latest News
Source: http://howrah.org/india_news/26555.html
Zenith's Ecostyle laptop for Rs.14,999 (www.merinews.com)
Zenith's Ecostyle laptop for Rs.14,999 (www.merinews.com)
Zenith announces the launch of a new laptop and a desktop under the brand name, "Ecostyle. The laptop will come with a price tag of Rs 14,999 and the desktop for Rs 11,999 available at its authorised dealers and exclusive showrooms from October.
ZENITH COMPUTERS announced the launch of a new laptop and a desktop under the brand name, "Ecostyle." The Zenith Ecostyle laptop, carrying a price tag of Rs 14, 999 would be the lowest priced windows operating system enabled laptop in the market.
These products are launched in collaboration with global software giant Microsoft. The desktop PC will be available for Rs 11, 999. Zenith’s chain of authorised dealers and exclusive showrooms will sport the EcoStyle PC and laptop across the country from October, this year.
The laptop will be bet enabled and will come with a preloaded Microsoft productivity suite: an Operating System-Windows XP Home Edition. Also comes with it the Microsoft works, which includes word processor, spreadsheets and PPT viewer. Lastly it would have Microsoft Windows Live Suite with email client, messenger and family safety from Windows Live OneCare.
Moreover the Ecostyle PC will offer its customer an option of choosing from Windows Vista Starter or Microsoft Windows XP Home. The laptop would be easy to carry as it would weigh 2.2 kg and have dimensions of 185mm x 250mm x 70mm. The desktop PC will also come preloaded with the Microsoft Productivity Suite.
Raj Sarf, CMD of Zenith said that the low cost and high quality computers would make a deep penetration in the Indian economy. Zenith is currently producing around 20,000 units in its manufacturing unit in Goa and plans to increase its capacity by thousands in the coming months.
The company further boasts that in addition to the portability and relevant content, both the computers would have an added advantage of reduced power consumption. It is being said that the computers would consume 30 per cent less power than other computers. Along with energy efficiency they do not contain any toxic materials.
Source: http://www.merinews.com
Zenith announces the launch of a new laptop and a desktop under the brand name, "Ecostyle. The laptop will come with a price tag of Rs 14,999 and the desktop for Rs 11,999 available at its authorised dealers and exclusive showrooms from October.
ZENITH COMPUTERS announced the launch of a new laptop and a desktop under the brand name, "Ecostyle." The Zenith Ecostyle laptop, carrying a price tag of Rs 14, 999 would be the lowest priced windows operating system enabled laptop in the market.
These products are launched in collaboration with global software giant Microsoft. The desktop PC will be available for Rs 11, 999. Zenith’s chain of authorised dealers and exclusive showrooms will sport the EcoStyle PC and laptop across the country from October, this year.
The laptop will be bet enabled and will come with a preloaded Microsoft productivity suite: an Operating System-Windows XP Home Edition. Also comes with it the Microsoft works, which includes word processor, spreadsheets and PPT viewer. Lastly it would have Microsoft Windows Live Suite with email client, messenger and family safety from Windows Live OneCare.
Moreover the Ecostyle PC will offer its customer an option of choosing from Windows Vista Starter or Microsoft Windows XP Home. The laptop would be easy to carry as it would weigh 2.2 kg and have dimensions of 185mm x 250mm x 70mm. The desktop PC will also come preloaded with the Microsoft Productivity Suite.
Raj Sarf, CMD of Zenith said that the low cost and high quality computers would make a deep penetration in the Indian economy. Zenith is currently producing around 20,000 units in its manufacturing unit in Goa and plans to increase its capacity by thousands in the coming months.
The company further boasts that in addition to the portability and relevant content, both the computers would have an added advantage of reduced power consumption. It is being said that the computers would consume 30 per cent less power than other computers. Along with energy efficiency they do not contain any toxic materials.
Source: http://www.merinews.com
Sixth Pay Commission: Govt notifies sixth Pay Panel report
Sixth Pay Commission: Govt notifies sixth Pay Panel report
NEW DELHI: Over 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government on Friday notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC had received a seal of approval from the union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24 this year.
Earlier, the government said it will pay its 50 lakh strong workforce an additional Rs 11,000 crore over the pay hike of Rs 30,000 crore, including arrears recommended by the Sixth Pay Commission in March.
The modification of the Pay Commission award will cost the exchequer an additional Rs 5,000 crore towards annual wages and Rs 6,000 crore towards arrears, said Expenditure Secretary Sushma Nath.
The original recommendations of the Sixth Pay Commission would have entailed an additional expenditure of Rs 12,000 crore in annual wage bill and Rs 18,000 crore towards arrears.
However, prompted by the protest from several quarters, including representations from the defence forces, the government appointed a high-powered committee under the chairmanship of Cabinet Secretary K M Chandrasekhar to suggest improvement in the Pay Commission award.
Tags: Sixth Central Pay Commission (CPC),6th Central Pay Commission (CPC),Sixth Pay Commission,6th Pay Commission,Sixth Pay Commission News,Sixth Pay Commission Latest News
Source: http://economictimes.indiatimes.com
NEW DELHI: Over 50 lakh government employees, including the armed forces personnel, will be receiving an enhanced pay packet beginning September 1, with the government on Friday notifying the revised recommendations of the Sixth Central Pay Commission (CPC).
The much-awaited CPC had received a seal of approval from the union cabinet a fortnight ago after it amended certain recommendations of the Justice Sri Krishna-led Pay Commission that submitted its report to the government on March 24 this year.
Earlier, the government said it will pay its 50 lakh strong workforce an additional Rs 11,000 crore over the pay hike of Rs 30,000 crore, including arrears recommended by the Sixth Pay Commission in March.
The modification of the Pay Commission award will cost the exchequer an additional Rs 5,000 crore towards annual wages and Rs 6,000 crore towards arrears, said Expenditure Secretary Sushma Nath.
The original recommendations of the Sixth Pay Commission would have entailed an additional expenditure of Rs 12,000 crore in annual wage bill and Rs 18,000 crore towards arrears.
However, prompted by the protest from several quarters, including representations from the defence forces, the government appointed a high-powered committee under the chairmanship of Cabinet Secretary K M Chandrasekhar to suggest improvement in the Pay Commission award.
Tags: Sixth Central Pay Commission (CPC),6th Central Pay Commission (CPC),Sixth Pay Commission,6th Pay Commission,Sixth Pay Commission News,Sixth Pay Commission Latest News
Source: http://economictimes.indiatimes.com
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