ca newsletter apr 08th apr14th

8/6/2019 CA Newsletter Apr 08th Apr14th

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11 Pages 08th APRIL – 14th APRIL 2011 www.xedintellect.com

BUSINESS NEWS

ECONOMIC INDICATORS 2 COVER STORY 3 PERSONALITIES OF THE WEEK 4 BUSINESS NEWS 5-8

INTERNATIONAL NEWS 9 MISCELLANEOUS NEWS 10 GENERAL AWARENESS 11

NEWS DIGEST…

IN BRIEF

PERSONALITIES OF THE WE

COMPILED BY

MUMBAI

MAXIMUM CITY

BSE SENSEX 19386

NSE NIFTY 5824

RS/$ 44.52

ECONOMIC

INDICATORS

AAAI and Ad Club

of Bombay flag off

6th Goa-fest.

COVER STORY

INFLATION : ALL-ROUND PAIN

INTERNATIONAL

NEWS

Smartphone

demand surging,

Nokia to tumble:

Analysts.

MISCELLANEOUS

NEWS

India fifth most

powerful nation:

National Security

Index.

XED NEWSLETTER… a weekly news bulletin

(as on 15.04.2



TOP 10 HEADLINES OF THE WEEK

1. AAAI and Ad Club of Bombay flag off 6th Goa-fest.2. India's domestic BPO market to be worth $1.4 bn in 2011: Gartner. 3. PepsiCo-Hindustan Unilever to re-launch Ice Tea, to take on Coke-Nestle. 4. Need to reduce trade deficit with China: PM. 5. Gautam Adani India Inc’s Biggest Wealth Creator in FY11. 6. Taming Inflation Means Trading Off Growth: FM. 7. Smartphone demand surging, Nokia to tumble: Analysts. 8. India dependent on Brazil & Argentina for edible oil and pulses.

9. India fifth most powerful nation: National Security Index. 10. Anna Hazare's Lokpal counterproductive: Suresh Khopade (IPS)

ECONOMIC INDICATORS

WATER SCARCITY: EVERY DROP IS PRECIOUS

Water scarcity occurs when so much water is withdrawn from lakes

rivers or groundwater that supplies can no longer adequately satisfy alhuman and ecosystem requirements. This results in more competitionamong potential users.

Throughout history groundwater has been integral to human life andlivelihoods, and to stable agricultural production. But groundwater isnot evenly distributed around the world. Of total annual rainfall of5,77,000 km3 per year, 79% falls on the oceans, 2% on lakes and 19%on land. Most of this evaporates or runs off into streams and rivers.Only 2,200 km3, or 2%, is infiltrated into groundwater. More water isbeing pumped than is being replaced and, sooner or later, this will leadto aquifers running dry.

Surface Water: India receives an average of 4,000 billion cubic metersof rainfall every year. Unfortunately, only 48% of rainfall ends up inIndia‘s rivers. Due to lack of storage and crumbling infrastructure, only18% can be utilized.Groundwater: India possesses about 432 billion cubic meters of groundwater which is replenished yearly from rain and river drainage,but only 395 bcm are utilizable. Of that 82% goes to irrigation andagricultural purposes, while only 18% is divided between domestic andindustrial.

Global water consumption has quadrupled over the last 50 years

Almost half a billion people live in countries where water is alreadyscarce. By the year 2050, it is predicted that at least a quarter ofthe world‘s population will be living with chronic or regular watershortages.

Rainfall and the amount of water contained in undergroundaquifers have been well studied. When that data is plotted againstpopulation trends they spell out ―crisis‖ in the future.

Stock Market Indices as on 15th Apr’11 Values

BSE SENSEX 19,386NSE (NIFTY) 5,824

Current Market Rates as on 15th Apr’11 Values

Rupee / US Dollar 44.52Gold (10 Gram) in Rs. 21,145



COVER STORY: INFLATION

Food inflation rose to 12.13% in the week ending Dec 11 compared to 9.46% in the previousweek. This is the 3rd consecutive week that food inflation has risen after some signs ofmoderation on hopes of robust crops following good monsoons. Last week onion prices rose33.48%, and to add to the common man‘s woes Petrol was hiked by Rs 3 and LPG by Rs 100.

A case for price decontrol: In India politicians control prices, either by fixing them, usingtaxes or subsidies or being the major player in the market. Indian politicians claim that pricedecontrols will spur inflation. Inflation is caused by faulty fiscal, monetary and trade policies

not by price decontrol. Nobel Laureate Milton Friedman compared inflation to a balloon, hesaid that if you squeeze one part of the balloon, you simply create a bigger bulge elsewhere.Price controls are like squeezing part of the balloon. They cannot check inflation, since theunderlying cause is the pressure in the balloon, which corresponds to the money supply.

Global Issue: Inflation is a problem across the world. Indians areworried that wholesale price inflation is approaching 13%, andconsumer price inflation is approaching 9%. This is well above what ispolitically tolerable, and well above the RBI‘s preferred range of 4.5-5%. The RBI has for two years been raising interest rates, andsqueezing money supply through higher cash reserve ratios for banks,

and open market bond sales. In many countries, central banks are reluctant to tighten moneyto slow growth in order to contain inflation. Many central banks have run up huge tradesurpluses but resist currency appreciation. This tends to keep demand up and inflation high.

Some lose some win: If farm produce prices increase by 10%, it will tend to worsen the poverty ofrural consumers by 2.9%, but they will also cut poverty by 4.6% among farmers. On balance, rurapoverty will decline, and so will national poverty. Inflation hurts if wages remain fixed. But higherfarm revenues result in higher wages and incomes. Labourers, who earlier earned Rs 50/day, werenow getting Rs 70/day. Tea-shop owners, who used to charge Rs 2 per cup, now charged Rs 3. So,higher incomes compensated for high prices. If interest rates don‘t rise as much as inflation, lenderslose and borrowers gain. In general the businessman is better equipped to handle inflation than thesalaried class.

Onion Tears: India cut import duty on onions to fight inflation, a day after PM ManmohanSingh expressed deep concern about rising prices. The Indian government had already bannedthe export of onions. Onion prices have more than doubled in the past week due to shortagescaused by unusually heavy rains in India's western growing areas. Officials say hoarding andspeculation have driven prices higher. India has begun importing onions from Pakistan, whichis usually an export destination for Indian onions. Even if the onion price spike is short-lived, itis a bitter reminder of India‘s long-term challenge in agriculture, where growth in output istrailing far behind rising demand for food, leading to steady upward pressure on prices.

Our helpless politicians: The price of onions can also have political implications inIndia. At least three governments have had to pay a heavy price over the issue. In the1980 elections the Congress had used the rise in onion prices as a key election issue,which resulted in the ouster of the Charan Singh government. A replay was seen nearlytwo decades later when the BJP lost power in Delhi in 1998 due to a sharp surge inonion prices just before the polls.

High food prices have been a headache for the Congress-led UPA. In recent weeksbetter crop output due to robust monsoon had moderated food prices, but they stilcontinue to remain high. PM Manmohan Singh, "We have made all the efforts tocontain inflation and we will continue to do so. In recent days, the rate of inflation has

come down. We expect this trend to continue and the rate of inflation to stabilize around 5.5% by March 2011."

Moderate inflation is desirable: IMF chief economist Olivier Blanchardsuggested that countries should raise their inflation targets from a typical 2%per year to 4%. His suggestion was greeted with hoots of derision. Yet in a worldwhere there are no good solutions to the European debt crisis, inflation could bethe best of bad alternatives. Inflation will slash the real debt of countries withexcessive debt overhangs, and could help revive growth sustainably. But if 4%inflation was the norm, a wage freeze would cut real wages very substantiallyand produce sizable structural adjustment. The Sukhamoy ChakravartyCommittee in 1985 had come out with the same 4% inflation target for India.

http://timesofindia.indiatimes.com/topic/search?q=BJP

http://timesofindia.indiatimes.com/topic/Delhi

http://timesofindia.indiatimes.com/topic/Delhi

http://timesofindia.indiatimes.com/topic/search?q=BJP



PERSONALITIES OF THE WEEK

LATA MANGESHKAR- India’s Nightingale

On the first day of school, Lata started teaching songs to other children. When theteacher stopped her, Lata was so upset that she stopped going to school. So her formaleducation was limited to just one day. Lata Mangeshkar the eldest daughter of PanditDeenanath Mangeshkar, a classical singer and theater actor was born on September 28,1929. Her mother, Shudhhamati, was Deenanath's second wife. Bhaaw Bandhan. Meena,Asha, Usha, and Hridayanath are her siblings in sequence.

Making of the Nightingale: Lata was very young when her father passed away. To takecare of her family's economic situation, Lata acted in as many as 8 films from 1942 to1948. She debuted as a playback singer in a Marathi film, ‗Kiti hasaal‘ (1942). Her firstHindi playback was for the film ‗Aap ki sewa me in‘ (1947) but she did not get noticed.

In 1945, she met film producer S. Mukherji but he did not like her voice, as at that time, the industry was ruled bysingers who had heavier and huskier voices like Noor Jehan and Shamshad Begum. Ghulam Haider, the famous musiccomposer made Lata sing the song ‗Dil mera toda‘ in the film ‗Majboor‘ 1948, finally she got noticed. The song

‗Aayega aanewala‘ from Mahal was a huge hit and Lata secured a firm position in the industry. The husky voices of allother singers became obsolete in front of her high pitched voice. Soon Lata was the heartthrob of the masses. OnJune 27, 1963, against the backdrop of the China-India War, Mangeshkar sang the patriotic song ‗Ae Mere Watan KeLogon‘ in the presence of Jawaharlal Nehru. The song is said to have brought him to tears.

She is very fond of cooking nice dishes and interestingly always sings barefoot. Mangeshkar's career has spanned ovesix and a half decades. She has sung in over 980 movies, in over twenty Indian languages, mostly in the Hindi.

Criticisms and Controversies: A rift developed between Lata and music director Burman in 1957, and Lata did nosing Burman's compositions again until 1962. From the 1960s, she was not on good terms with Mohammed Rafi overthe issue of royalty payments to singers. In 1999, she was nominated as a member of Rajya Sabha. However, she didnot attend the Rajya Sabha sessions regularly, inviting criticism from several members of the House.

Feathers in the Cap- Lata Mangeshkar has won several awards and honors, including Padma Bhushan (1969)Padma Vibhushan (1999) and Bharat Ratna (2001) amongst several others.

KIRAN MAZUMDAR SHAW- The Lady behind Biocon’s success

Kiran was born on March 23, 1953 in Bangalore. She started her professional career astrainee brewer in Carlton & United Beverages in 1974. In 1978, she joined as TraineeManager with Biocon Biochemicals Ltd in Ireland. In the same year, she started BioconIndia in collaboration with Biocon Biochemicals, with a capital of Rs10,000. Initially, shefaced credibility challenges because of her youth, gender and her untested businessmodel.

The Taste of Success: She took the challenges in her stride and worked within thelimiting circumstances to take Biocon to newer and greater heights. Within a year of itsinception, Biocon became the first Indian company to manufacture and export enzymesto USA and Europe. In 1989, Biocon became the first Indian biotech company to receive US funding for proprietarytechnologies. In 1990, she upgraded Biocon‘s in-house research program, based on a solid substrate fermentationtechnology. In 2004, Biocon came up with an IPO and the issue was over-subscribed by over 30 times. Post-IPOKiran Mazumdar Shaw held close to 40% of the stock of the company and was regarded as India's richest woman with

an estimated worth of Rs 2,100 crore.

Personal life: She is married to John Shaw, a Scotsman, who was the Chairman and Managing Director of MaduraCoats from 1991-1998. John Shaw is currently the Vice-Chairman, Biocon Limited. Kiran Mazumdar-Shaw is aconnoisseur of art and has a huge collection of paintings and other works of art in her possession. She is the author ofa coffee table book, Ale & Arty: The Story of Beer. As a civic activist, she has been involved in various programs toimprove the city of Bangalore, such as the Bangalore Agenda Task Force.

Accolades: Kiran is a member of the Governing Body of the Indian Pharmacopoeia Commission, an autonomous bodyof the Government of India. Kiran Mazumdar Shaw is the recipient of several prestigious awards. These include ETBusinesswoman of the Year, Best Woman Entrepreneur, Model Employer, Ernst & Young's Entrepreneur of the YearAward for Life Sciences & Healthcare, Leading Exporter, Outstanding Citizen, Technology Pioneer, etc. Government oIndia also felicitated her with Padmashree (1989) and Padma Bhushan (2005).



BUSINESS NEWS

1. AAAI and Ad Club of Bombay flag off 6th Goafest-TNN Apr 08 India‘s biggest advertising festival got off to an intellectual start on Wednesday with industrystalwarts debating ‗Are agencies ready for the new decade?‘ Key speakers included SrinivasanK Swamy, chairman, Goafest Advertising Conclave, Rajiv Dube, director, Aditya BirlaManagement Corporation and Mayank Pareek, managing executive officer, Maruti Udyog.

The five-day fest, organised by the Advertising Agencies Association of India (AAAI) and theAdvertising Club of Bombay is also hosting an art workshop and a competition called

‗Creativity with a conscience‘, in which participants showed of f their creative talent makingthings from objects like old television set, mannequin, guitar and even graffiti wall.

2. India's domestic BPO market to be worth $1.4 bn in 2011: Gartner-ET Apr 13The country's domestic market for business process outsourcing is projected to grow over 23%to touch $1.4 billion this year, says Gartner. In 2010, the domestic Business ProcessOutsourcing (BPO) market was worth $1.1 billion. "It is relatively good growth rate (of over23%). The domestic BPO market is expected to see increased volumes, especially in thetelecom space," Gartner's Research Director T J Singh said.

He noted that more areas are likely to adopt BPO models. According to global research groupGartner, the domestic BPO market would reach $1.69 billion next year and increase to $2.47billion by 2014. In 2009, the market was worth around $885.6 million. Apart from many India-based BPO service providers, those from the US and Europe are also focusing on the Indian

domestic market.

3. PepsiCo-Hindustan Unilever to relaunch Ice Tea, to take on Coke-Nestle-ET Apr 13 Hindustan Unilever and PepsiCo are reviving their seven-year-old joint venture to selready-to-drink teas and tea beverages by relaunching Lipton ice tea, four months afterNestle and Coca-Cola brought Nestea ice tea. Lipton tea will be rolled out in ready-to-drinkbottles next week in Delhi and the NCR region, PepsiCo Executive Director, InnovationGeetu Verma said. It will be sold in two flavours for 25 each and be taken to other cities inthe course of the year, she said.

The PepsiCo-HUL alliance launched Lipton ice tea in 2004, but the product was withdrawnwithin a year for lack of demand. Unilever and PepsiCo created Pepsi Lipton Partnership in1991 to market ready-to-drink teas in North America. This was followed in 2003 by asecond venture, Pepsi-Lipton International , covering many non-US markets.

4. Need to reduce trade deficit with China: PM-ET Apr 13 Prime Minister Manmohan Singh has pitched for greater Indian exports to China toreduce the trade deficit between the two countries and expressed confidence that thebilateral trade would surpass $100 billion by 2015. "I am confident that we willsurpass our bilateral trade target of $100 billion dollars by 2015, but we have tomake more efforts to promote greater Indian exports to China to reduce the tradedeficit," Singh said in an interview to China's state-run Xinhua news agency.

In 2010, bilateral trade between the two countries was in excess of $60 billion withthe balance of trade tilting heavily in favour of China. The trade deficit for India foryear 2010 stood at more than $20 billion. In 2009, it was $15.87 billion while in2008 the trade deficit was $11.18 billion.

5. Gautam Adani India Inc’s Biggest Wealth Creator in FY11-ET Apr 14 What‘s common between Gautam Adani and Anil Ambani? Or Vikas Oberoi and RamaPrasad Goenka? Not much actually. The chairman of the Adani Group was the biggestwealth creator at the end of fiscal year 2011, doubling his wealth to 33,211 crore byvirtue of the Adanis‘ stakes in three listed companies. Anil Ambani finds himself on topof the list of promoters who lost the most wealth in the April 2010-March 2011 period— the chairman of Anil Dhirubhai Ambani Group was poorer by 10,841 crore.

By the end of the fiscal year, Oberoi emerged among the select few realtors who wereactually creating wealth — and a billionaire to boot. There are, however, the inevitable

surprises: The most visible name on that list, though, is Mukesh Ambani — he‘s still India‘s richest individual by fawith a market value of 1,53,417 crore. But he was poorer by 4,656 crore at the end of fiscal year 2011 than a yearago.



6. Taming Inflation Means Trading Off Growth: FM-ET Apr 14 Inflation can be tamed, but it will mean the country will have to make do with a muchlower growth rate, Finance Minister Pranab Mukherjee has said, giving anuncharacteristically blunt assessment of the choices facing the nation for tackling theprice rise menace. The Congress-led government, battling a raft of corruption scandalsand public protests in recent weeks, has been on the defensive on the inflation issuefor months, pilloried by the public, opposition parties and also elements within.

But Mukherjee said while solutions existed to tackle the issue, they were noteasy. Inflation has been a thorn in the government‘s flesh for long. While earlier it was driven by high food prices

what is worrying for the government is of late, inflation has been fuelled by high prices of energy and manufacturedproducts and threatens to take the sheen off a high GDP growth rate of around 9%.

7. Toyota’s Lean Lessons for Wipro-TNN Apr 14

In an industry where arresting people-led growth has become the next Holy Grail, Wipro‘searly gains from applying Toyota‘s production system provide crucial learnings for the over$60-billion software exports business in the country. When Sambuddha Deb, 53, now the chiefglobal delivery officer at India‘s third biggest software exporter Wipro, was looking for answersto deal with rising wage inflation and growing complexity in large outsourcing contracts someyears ago, Toyota‘s legendary production system was nowhere on his mind.

Later, after looking at options that included the Malcolm Baldridge National Quality Awardcriteria, TRIZ (short for Theory of Inventive Problem Solving in Russian), and Toyota‘s LeanWipro finally decided to pick a leaf from the automaker‘s production system. Unlike traditiona

methods of improving performance and quality of software projects, Lean promised to bring about an internal focusfor continuously seeking ways to cut waste and increase value of investments. In a software development contextwaste could include duplication of efforts, more people doing the same job, and time spent on readying for a newproject.

8. Business School students all set to enter Bollywood-ET Apr 08 After management guru Arindam Chaudhari, who created a mark in film productionwith "The Last Lear" and "Do Dunni Chaar," a group of business management studentsat one of the premier B-Schools in the country are ready to follow suit. Friday NightProductions, a venture of students at Indian School of Business , is all set to debut inthe hindi film industry with "Buddha in Traffic Jam," a mainstream political thriller,based on the life of a business school student Vikram Pandit.

With a star cast that includes veterans like Anupam Kher and Pallavi Joshi, along with actors Arunoday Singh and Mah

Gill, "Buddha in traffic jam" went on the floors in February this year. "Buddha in Traffic Jam" brings to celluloid theproblems of intellectual terrorism, contemporary naxalism and political nexus in the backdrop of a college set-up.

9. Ford India stops production of Ikon- ET Apr 08 Ford India has stopped production of its popular mid-size sedan 'Ikon' for the domestic marketa top company official said today. The midsize variant Ford Ikon was introduced in India in1999 and went on to become one of Ford India's largest selling models. Last year, the companysaid the BS IV variant of Ikon would not be produced and that the BS III variant would beavailable only in Tier II and III cities.

Asked if production would be continued for delivering vehicles to Tier II and III locations as theIkon was very popular with tourist operators, he said they were not producing the model anylonger at the plant near Chennai. Ford India currently manufactures Figo, Fiesta Classic and

premium SUV Endeavour at their manufacturing facility in Maraimalai Nagar near Chennai.

10. Life at the Top Gets Shorter for Indian CEOs- ET Apr 09 The shelf life of Indian CEOs is getting shorter. With more growth andopportunities, CEOs are fervently job-hopping. What‘s more, when Indianindustry was busy growing relentlessly post-slowdown, its patience with theperformance of CEOs got thinner, say talent watchers and firms that trackCEO departures. A study done by EMA Partners and exclusively shared withET corroborates high attrition—both forced and voluntary—at the top.

According to the study, as many as 79 CEOs from 230 companies have quittheir job and moved on to other companies or taken up higher responsibilities within the organisation from January2009 till date. The average tenure of a CEO is about 50 months (or 4 years and 2 months).



11. Uttam Galva owner Miglani family buys Brahmani Industries- ET Apr 11 The Miglani family, which jointly controls the high grade steelmaker Uttam Galva Steel alongwith ArcelorMittal India, has acquired Brahmani Industries, a greenfield steel plant being builtin Kadapa, Andhra Pradesh, by the controversial Reddy brothers , who also own mines andlarge tracts of land in the mineral-rich Bellary region of Karnataka.

On March 24, Brahmani Industries convened an extraordinary general meeting to approvechange of its name to Uttam Galva Ferrous. ET has a copy of the notice. The EGM alsoapproved the change in the statutory auditors of Brahmani, from Sarda & Associates toPrakkash Muni & Associates. The exact date of the acquisition is not known and the companies

have made no public announcement.

12. Tanishq ropes in Big B, Jaya Bachchan to endorse diamond range- ET Apr 11 Tata Group jewellery brand Tanishq on Monday announced Bollywood's leading coupleAmitabh Bachchan and Jaya Bachchan to endorse its diamond range. The couple will beseen together on screen after a decade since the release of Karan Johar's film 'KabhiKhushi Kabhi Gham' in 2001.

Tanishq's new ad campaign featuring the duo aims at spreading awareness amongconsumers about how to assess the purity of diamonds. It is scheduled to go on air onApril 15, 2011. "With the growing demand for diamond jewellery category thatcontributes major part of our sales, our major focus this year will be to offer hi-qualitydiamond jewellery coupled with exquisite designs," he added. The Tanishq retail chaincurrently includes 121 exclusive boutiques in 76 cities.

13. IIP RISES JUST 3.6% IN FEB- TNN Apr 12 Industrial output expanded at a slower-than-expected 3.6% in February, triggeringconcerns that low single-digit growth for the third consecutive month could upseteconomic growth calculations. The government expects the economy to grow 8.6%in the year ended March 31.

The cumulative industrial output for April-February was up 7.8% from a year ago,indicating it could fall short of expectations. The statistics office has pegged India‘sGDP growth at 8.6% for the current fiscal, with an identical contribution fromindustry. Planning Commission Deputy Chairman Montek Singh Ahluwalia expectsfarm performance to be better than the projected 5.4%, which will make up for thedecline in industrial output.

14. British American Tobacco edges out SingTel as largest MNC by value of equity in India- ET Apr 13 London Stock Exchange-listed British American Tobacco (BAT) Plc, the world‘s second-largest tobacco company after Philip Morris, has emerged the largest multinationalcorporation by value of equity held in Indian businesses during the fiscal ended March,an ET study shows. The 109-year-old tobacco giant ousted Singapore telco SingTel fromthe top slot as the value of its holdings in ITC Ltd and VST Industries rose to $10billion, marginally above the value of SingTel‘s aggregate holdings in Bharti Airtel Ltd.

BAT sells its marquee brands such as Dunhill and Lucky Strike in more than 180countries. BAT is ITC‘s single-largest shareholder. Hyderabad-based VST Industries, inwhich BAT owns more than a third, owns the popular Charminar brand of cigarettes.BAT‘s rise to the top was spurred by the rise in ITC‘s share price.

15. Small, medium cities grab 60% of jobs created in FY11: Assocham- PTI Apr 11

Medium and small cities like Pune , Agra and Meerut rather than top metros have emerged ashot destinations for job aspirants by clinching a lion''s share -- 60 per cent of the total jobscreated in the country last fiscal, an Assocham study said today. Sector wise it was IT whichhad grabbed the biggest pie with 30 per cent of the total employment generation share duringthe period, the industry chamber said in its report.

"Rather than tier I cities, tier II and III cities are emerging as prominent destinations forcompanies to provide job opportunities for aspirants," Assocham, which claimed analysing trends of job openings froma sample of 6.54 lakh employment opportunities generated in 2010-11, said. Seventeen tier-II cities such as PuneBhubaneshwar, Surat, Chandigarh and Lucknow grabbed 38.8 per cent share of the total opening and created2,53,702 jobs, it added.



16. Goa-fest gets KPMG to re-verify creative Abby winners-ET Apr 08 Inside the KPMG office in Mumbai sits a 10-man team dedicated to an event happening in theland of fun and sun - Goafest 2011. As agencies across the country flock to Goa to celebrateIndian advertising, campaigns entered by agencies that are winning at the Creative Abbyawards are been re-looked at with a fine toothcomb by the Goafest organising committeewith the help from KPMG, who are the official auditors of Goafest 2011.

Since Tuesday this week, the 10-member team at KPMG has been busy calling up clients,whose work agencies have entered to verify and double check all the Gold, Silver and Bronze winners at the CreativeAbby. The verification involves checking the date of entries to verifying if the campaign has been ratified by the clients

and that they are not 'one-offs' or 'scams'.

17. High on Dhoni, Aircel Signs CSK for 85 cr-ET Apr 12 Aircel has signed the most expensive sponsorship deal in the Indian Premier League (IPL)with Chennai Super Kings, even as top IPL teams rode the euphoria over India‘s WorldCup victory to almost double their revenues this season. The telecom service provider haspaid more than 85 crore to renew its sponsorship contract with the Chennai team—led byIndian cricket captain Mahendra Singh Dhoni—for three years, two officials close to thedevelopment said.

Dhoni endorses the Aircel brand. Clearly, the telecom service provider wants to make themost out of its association with the most expensive cricketer who led India to World Cup

glory after 28 years. The deal beats two-wheeler maker Hero Honda‘s estimated 75-crore deal to sponsor SachinTendulkar-led Mumbai Indians for three years. Hero Honda, till last year, had been sponsoring Delhi Daredevils, which

is led by Virender Sehwag.

18. Tatas Bag Record Deal To Modernise Air Force Bases –BS Apr 10 A Tata company has won the largest-ever defence contract awarded to an Indian private sectorcompany through a competitive global tender. On March 16, the Ministry of Defence signed a`1,094-crore contract with Tata Power‘s Strategic Electronics Division (Tata Power SED) formodernizing 30 Indian Air Force (IAF) airbases across the country. Tata Power SED has 42months to execute this strategically vital contract, officially called Modernization of AirfieldInfrastructure, or MAFI.

Starting with the Bathinda airbase in Punjab, Tata Power SED will refurbish and modernize airfield infrastructure sothat the IAF can operate its next generation of modern combat aircraft from there. State-of-the-art Air TrafficManagement systems will be installed, along with Category2airfield lighting systems and hi-tech navigational aids thatwill permit flying operations at night and in adverse weather. This will be followed by the MAFI Phase II contract for

refurbishing another 28 airbases. The current contract has an option clause, which allows the ministry to invite TataPower SED to execute the Phase II of MAFI at a pre-determined rate.

19. Tata Sons files defamation case against Outlook –BS Apr 11 TATA Sons Ltd has filed a criminal defamation complaint against news magazine Outlook forpublishing articles which had claimed that the group received ―undue pecuniary advantage‖ fromformer Disinvestment Minister Arun Shourie during divestment of state-owned VSNL in 2002. In acriminal complaint filed before the court of Additional Chief Metropolitan Magistrate, Mumbai, TataSons has claimed that an article published by Outlook in its March 28, 2011 edition and another inthe April 4, 2011 edition made ―false and defamatory statements and harmed the reputation of theTata business name‖.

According to the complaint, the article published by Outlook in its March 28 edition titled ―Arun Shourie‘s Gift to Tatas‖suggests that the Tatas ―received undue pecuniary advantage‖ from Arun Shourie in his capacity as Minister of

Disinvestment in relation to the group‘s acquisition bid for 25 per cent stake in VSNL when it was privatised by theCentre in 2002.

20. Bharti, Aircel to launch Apple's iPhone 4 in India- Reuters Apr 11 Bharti Airtel Ltd, India's top mobile phone carrier, and its smaller rival Aircel separately saidon Monday they would launch Apple's iPhone 4 in India in the coming months. Both companiesdeclined to give specific dates for the planned launch. Bharti and Vodafone Essar already sellearlier models of the iPhone in India. With nearly 800 million mobile subscribers, India is theworld's second-biggest market for mobile phone services and is also the fastest-growing. Butsmart phones are estimated to account for just over 5 percent of the mobile handset sales.Indian carriers have recently started rolling out high-speed third-generation (3G) mobilenetworks, which is expected to boost sales of smart phones. Bharti had 159 million mobile subscribers as of end-February, while Aircel had 53.5 million.



INTERNATIONAL NEWS

21. Smartphone demand surging, Nokia to tumble: Analysts-Reuters Apr 08 Growing demand for phones running on Google's Android platform will help the smartphonemarket grow in 2011, boosting companies like HTC and Samsung Electronics who arebetting on the platform. Android's popularity has helped the Asian manufacturers to rise fastin smartphone rankings, and HTC overtook Nokia in market capitalisation for the first timeon Thursday.

Shares in HTC were worth $33.4 billion at their Thursday close, with Nokia stock worth $33

billion. Nokia still has higher volumes, selling 19 phones for each HTC phone sold last year. But its average sale pricewas just $85 compared with HTC's $360, according to Strategy Analytics. Surging growth in the high end of themarket, helped in part by new models of HTC, will lift global sales of cameraphones 21 percent in 2011 to 1.1 billionhandsets, topping the 1 billion mark for the first time, Strategy Analytics said.

22. India dependent on Brazil & Argentina for edible oil and pulses-ET Apr 08 In the last two years, India's imports of sugar were, the largest sugar exporter. India hasbeen regularly sourcing small quantities of sunflower oil and pulses from the twocountries. India is expected to continue to be dependent on imports of edible oils andpulses and is likely to import wheat and sugar in future whenever domestic productionsfall short. India could count on Argentina and Brazil as reliable long-term sources sincethe two have the potential to increase production in the future.

The June 2010 report of the Brazilian agriculture ministry and the September 2010 report

of an Argentine agricultural foundation give the following predictions for 2020: Combined soy oil production oArgentina and Brazil is projected to increase from 10.8 million tones (mt) in 2010-11 to 16.9 mt in 2019-20. Theirexports will increase from 6.5 mt in 2009-10 to 8.7 mt in 2020-21. Argentina will continue to be the largest exporterof soy oil and increase its share of global trade from 48% in 2009-10 to 58% by 2020-21.

23. China sees first quarterly trade deficit in six years-ET Apr 10 China saw a trade deficit of $1.2 billion from January to March this year, the firstquarterly trade deficit in six years, according to figures released Sunday by the GeneraAdministration of Customs (GAC). In comparison, there was a trade surplus of $13.91billion in the first quarter of last year, Xinhua reported citing the GAC .

Exports surged 26. 5 per cent year-on-year to $399.64 billion in the first three monthsthis year, while imports soared 32.6 per cent to $400.66 billion from a year earlier. From

January to March, the total value of imports and exports increased 29.5 per cent year-on-year to $800.3 billion, said

the customs administration, adding that China reported a small trade surplus of $140 million in March, on the basis ofa deficit of $7.3 billion in February.

24. Icelanders reject deal to repay debt to British-ET Apr 10 Icelanders rejected for a second time a plan to repay $5 billion to Britain and theNetherlands from a bank crash, results showed on Sunday, and the prime minister saideconomic and political chaos could follow. Policymakers have said a 'no' in the Saturdayreferendum meant the dispute will end up in a European court. Economists have said theuncertainty is hurting efforts to drag Iceland out of recession, end currency controls andboost investment.

State television said almost 60 percent of voters had rejected the agreement, based on results from five out of sixvoting districts, including capital Reykjavik. Many voters were against taxpayers footing the bill for irresponsiblebankers. Just over 169,000 votes had been counted out of the 230,000 eligible voters. The prime minister, who hadpredicted a no vote would cause economic uncertainty for at least a year or two, did not say whether the governmentplanned to resign.

25. US sports tycoon takes over Arsenal for $1.2bn-TIMES NEWS NETWORK- TNN Apr 10 For several seasons now, their manager Arsene Wenger had been fielding all-foreign playing elevensOn Monday, English Premiership giants Arsenal put themselves wholly in foreign hands when theyannounced their takeover by US sports tycoon Stanley Kroenke for 731m pounds ($1.2 billion).

The low-profile, Colorado-based Kroenke, who boasts of an estimated personal fortune of £1.85 bn,and is married into the Wal-Mart family, already owns a slew of baseball, ice-hockey, football (andsoccer) teams back home. In doubling his stake from 30% to nearly 63%, Kroenke makes the

popular London club the fifth Premiership side to come under American ownership, joining a rapidly-growing groupcomprising Manchester United, Liverpool, Aston Villa and Sunderland.



MISCELLANEOUS NEWS

26. India fifth most powerful nation: National Security Index-TNN Apr 13 India is the fifth most powerful country in the world, says the latest national security index(NSI) designed by the country's foremost security and economic experts. A part of India'sNational Security Annual Review 2010, which will be officially released by foreign minister SM Krishna on April 19, the NSI 2010 placed India fifth in the hierarchy of top 50 nationsidentified on the basis of their GDP.

According to Foundation for National Security Research director Satish Kumar, who edited the

national security review, the NSI is based on an assessment of defence capability, economic strength, effectivepopulation, technological capability and energy security of the top 50 countries. The US is at the top of the list on thebasis of these criteria followed by China, Japan and Russia. In brief 5th most powerful country in all, 3rd in terms ofpopulation, 4th on defence capabilities, 7th on economic strength, 33rd on energy security, 34th on technology. US ontop, followed by China, Japan & Russia India is trailed by S Korea, Norway, Germany, France & UK.

27. Anna Hazare's Lokpal counterproductive: Suresh Khopade (IPS)-ET Apr 08 If Anna Hazare's demand for empowering Lokpal is accepted, it will create severe problems thansolving them, a serving IPS officer, Suresh Khopade, has said. "Bureaucrats, particularly inthird-world countries, tend to become pro-capitalist and status-quoist," Khopade, CID Special IGof Pune Police, said. "More powers to Lokpal will create a draconian babu who will create hurdlesfor development."

He stated that even if the Jan Lokpal Bill were accepted, it would not stop corruption, as is the

perception around Anna Hazare's campaign. "Corruption prevails in spite of thousands of anti-corruption officials. Adding another body will not help, because supporting mechanisms, like the Indian Penal Code,the Code of Criminal Procedure, the Indian Evidence Act, etc remain the same," he said.

28. Students spot errors in IIT-JEE paper, but find going easy-ET Apr 11 The Joint Entrance Exam has the capacity to transform lives. So, when close to 5 millioncandidates stand for the race, an error is capable of wiping out several dreams. OnSunday, several students walked out after the first JEE paper and screamed that threequestions in Maths were erroneous. IIT-Kanpur's director Sanjay Dhande said he had notreceived any complaints, but would look into the matter and justice would be done, if thequestions were indeed vague or incorrect.

In all, of the 4.85 lakh candidates, JEE-2011 saw the largest contingent of aspirants from UP (83,139), followed byRajasthan and Andhra Pradesh. The stakes got higher for close to 95,925 students, for whom this was the last chanceof their lives to get into the premier IIT. The remaining 3.89 lakh were sitting for the test for the first time.

29. If bribed, buy biryani but don't give vote: Mamata- ET Par 10 Trinamool Congress chief Mamata Banerjee Sunday cautioned the people in West Bengal thatefforts could be made to bribe them for votes and advised them to have biryani and snacks withthe money offered, but "don't give your vote". "They will try to give bribe, offer money and wilask you to vote for them. Take the money and have snacks and biryani with it. But don't givethem a single vote.

Banerjee, the union railway minister , also termed the senior Bharatiya Janata Party (BJP)leaders touring the state as fair-weather friends. The Trinamool has fielded 227 candidates whileits alliance partner Congress has 65 for the six-phase polls in the state beginning April 18.

30. ‘We have exams, not edu system’- TNN Apr 14 In the midst of the entrance exam season, a furious dispatch to the Prime Minister from hisscientific advisor has termed such tests as one big menace. Strongly recommending an immediatehalt to the system of students being made to take a pile of exams, C N R Rao, who heads thescientific advisory council to the PM (SACPM), said in a letter sent last week that the US methodof holding one national exam before students joined university was the right way.

Referring to the exam overdrive, Rao briefed Singh on the various flavours of exams that dot astudent‘s life. ―It is important to relook at the entire examination system, including the system of final examinations, entrance examinations, qualifying examinations, selection examinations, and so on. Now, onehears of a proposal to have a qualifying or accreditation examination for medical graduates and postgraduates,‖ hesaid. Citing the example of the IIT joint entrance exam, Rao said, ―IIT entrance exams have the reputation of beingdifficult and purposeful, but they have also had a negative effect on young minds. Young people suffer so much tosucceed in these entrance exams, and in the process lose excitement in education itself.‖



MUMBAI: MAXIMUM CITY

Life in the fast lane: It‘s a Friday morning, the alarm rings and Natasha, the Relationship

Manager at ICICI Bank, Mumbai gets ready to rush to her office. She is married and has a 5 year

old son Rohit. She has two maid servants to manage house work and look after the kid. She

catches the 8.32 local from Andheri, to Colaba where her office is located. The family owns two

cars which are used mostly on weekends. She is at her desk in her 12 th floor office enjoying the

Mumbai sea view by 9:30 am. At 5 pm she rushes to the nearby slums as she actively works for

the Times of India ‗Teach India‘ program. Then at 6:30 pm for her weekly rejuvenation session at

Kaya Skin. Then she shops at Oberoi Mall, Nariman Point. By 10:00, her husband Vikram picksher and both head off for a dinner at Spice Tree, Bandra. The couple end their day at their

favourite lounge Bonobo. Welcome to Life in a Metro.

Amchi Mumbai: Mumbai city is built on what was once an archipelago of seven islands:

Bombay Island, Parel, Mazagaon, Mahim, Colaba, Worli, and Old Woman's Island. The tota

area of Mumbai is 603.4 km2.

Until the 1970s, Mumbai owed its prosperity largely to textile mills and the seaport, but the

local economy has since been diversified to include engineering, diamond-polishing

healthcare and IT. Mumbai is the 4th most expensive office market in the world. It was

ranked amongst the fastest cities in India for business startup in 2009. It is also the richest city in India, and has the

highest GDP of any city in South, West or Central Asia. The port and shipping industry is well established, withMumbai Port being one of the oldest and most significant ports in India. Sabse Bada Rupaiya: Mumbai is the commercial capital of India, generating 6.16%

of the total GDP, and accounting for 25% of industrial output, 70% of maritime trade

in India, and 70% of capital transactions to India's economy. It serves as an economic

hub of India, contributing 10% of factory employment, 25% of industrial output, 33%

of income tax collections, 60% of customs duty collections, 20% of central excise tax

collections, 40% of India's foreign trade and Rs4,000 crore in corporate taxes.Mumbai

is home to important financial institutions such as the Reserve Bank of India, the

Bombay Stock Exchange, the National Stock Exchange of India and the corporate

headquarters of numerous Indian companies and MNCs.

As of 2008, Mumbai's GDP is 919,600 crore, and its per-capita income in 2009 was Rs1,28,000,which is almost three times the national average. In April 2008, Mumbai was ranked seventh in

the list of "Top Ten Cities for Billionaires" by Forbes magazine, and first in terms of those

billionaires' average wealth.

1st day 1st Show: Most of India's major television and satellite networks, as well as its major

publishing houses, are headquartered in Mumbai. The city also has a large number of cinema halls

that feature Bollywood, Marathi and Hollywood movies. The world's largest IMAX dome theatre is

in Wadala. Bollywood, is the largest film producer in India and one of the largest in the world.

Mumbai produces around 150–200 films every year.

Ek Chalis ki last Local: Mumbai's suburban rail systems carries more than 6.9 million

commuters on a daily basis and constitutes more than half of the total daily passengercapacity of the Indian Railways itself. It has one of the highest passenger densities of any

urban railway system in the world. The Chhatrapati Shivaji International Airport is the main

aviation hub in the city and the busiest airport in India in terms of passenger traffic.

Apunka Fast Food: Mumbai is famous for its street food consisting of Vada pavs, pav

bhajis and bhel puris amongst others. Vada Pav forms a breakfast for many of the loca

people. The combination of batata vada and split pav continues to be Mumbai's

sledgehammer answer to the burger. Pav bhaji is an art of the street food culture, this is

mashed vegetables cooked in spices, topped with butter and served piping hot with

bread.

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