Thanks to Brahamin Pranab Mukherjee and Extra constitutional Brahaminical Elements in the LPG Mafia Zionist Corporate Government, FREE flow of Foreign Money in FREE MARKET Hunting Ground India ENSURED.Pranab reduced Holding Tax for Foreign Funding from Twenty to just FIVE percent, Corporate Tax is also reduced from 7.5 percent to only Five Percent. Company Act and Financial Reforms would DRIVE Economic ETHNIC Cleansing campaign All Round for the Final KILL! Foreign Capital Inflow made FREE, FDI Boost whiten the Black Money and Foreign Funding made easy, Tax Structure DTC and GST moded ensures the continuity of STIMULUS, Deficit and Foreign Debt.PRANAB launches the Strategic marketing of Genocide in Rural India with Second Phase of Green revolution with Financial reforms and Enactment like Land acquisition Act, UID Act, Asset Registration Act, Mines and Mineral Development Amendment Act, Environment Amendment Act and other Acts to Kill Indian Constitution and Constitutional safe guards along with Democratic institutions! WIKILEAKS Exposures showcase how the Brahamincal Ideologies as well as Political Parties SUBORDINATES National Sovereignty and Freedom to US Corporate Imperialism. Judicial Pro Activism against Scams and Black Money mean NOTHING but Black Mailing the CO Opted sections of AGENTS sharing Political Power thanks to Pune Pact. Latest news of Reliance and Goldman Sach taking over Financial service with pending Bank, Pension, Insurance Laws and enterance of Gates and Buffets! Be Aware! Disinvestment and Privatisation NOT Alone, you have to feel the Heat and Dust of Monopolistic Aggression at Home in every corner of the Country. CRICKET CARNIVAL or SIXTH Pay Commission or ELECTORAL Changes what so eve would NEVER save you until you go all out for LIBERATION!The number of Indian tigers living in the wild rose to 1,706 at the latest count, giving a boost to conservation efforts for the endangered species in the country with the world's largest population of the big cats. But the government on Monday raised concern over a sharp decline in the habitat where tigers were found, which could shrink further if the government goes ahead with new development projects. While Excluded Communities face EXTINCTION. Tiger Project is in fact FACE Saving for merciless VIOLATION of Human rights, Civil Rights, Environment, Sea Coat Security Act, Fifth and Sixth Schedule of the Constitution and Genocide Culture of the Brahaminical Hegemony!
Indian Holocaust My Father`s Life and Time - SIX HUNDRED SEVEN
Palash Biswas
http://indianholocaustmyfatherslifeandtime.blogspot.com/
http://basantipurtimes.blogspot.com/
Thanks to Brahamin Pranab Mukherjee and Extra constitutional Brahaminical Elements in the LPG Mafia Zionist Corporate Government, FREE flow of Foreign Money in FREE MARKET Hunting Ground India ENSURED.
Pranab reduced Holding Tax for Foreign Funding from Twenty to just FIVE percent, Corporate Tax is also reduced from 7.5 percent to only Five Percent.
Company Act and Financial Reforms would DRIVE Economic ETHNIC Cleansing campaign All Round for the Final KILL!
Foreign Capital Inflow made FREE, FDI Boost whiten the Black Money and Foreign Funding made easy, Tax Structure DTC and GST moded ensures the continuity of STIMULUS, Deficit and Foreign Debt.
PRANAB launches the Strategic marketing of Genocide in Rural India with Second Phase of Green revolution with Financial reforms and Enactment like Land acquisition Act, UID Act, Asset Registration Act, Mines and Mineral Development Amendment Act, Environment Amendment Act and other Acts to Kill Indian Constitution and Constitutional safe guards along with Democratic institutions!
WIKILEAKS Exposures showcase how the Brahamincal Ideologies as well as Political Parties SUBORDINATES National Sovereignty and Freedom to US Corporate Imperialism.
Judicail Proactivsm against Scams and Black Money mean NOTHING but Black Mailing the CO Opted sections of AGENTS sharing Political Power thanks to Pune Pact.
Latest news of Reliance and Goldman Sach taking over Finacial service with pending Bank, Pension, Insurance Laws and enterance of Gates and Buffets!
Be Aware!
Disinvestment and Privatisation NOT Alone, you have to feel the Heat and Dust of Monopolistic Aggression at Home in every corner of the Country.
CRICKET CARNIVAL or SIXTH Pay Commission or ELECTORAL Changes what so ever would NEVER save you until you go all out for LIBERATION!
The number of Indian tigers living in the wild rose to 1,706 at the latest count, giving a boost to conservation efforts for the endangered species in the country with the world's largest population of the big cats. But the government on Monday raised concern over a sharp decline in the habitat where tigers were found, which could shrink further if the government goes ahead with new development projects. While Excluded Communities face EXTINCTION.
Tiger Project is in fact FACE Saving for merciless VIOLATION of Human rights, Civil Rights, Environment, Sea Coat Security Act, Fifth and Sixth Schedule of the Constitution and Genocide Culture of the Brahaminical Hegemony!
Ironically, The Supreme Court Monday said that one could not remain "calm and quiet" after perusing through the Enforcement Directorate's second status report on the alleged money laundering operations of multi-billionaire Hasan Ali Khan, said to be India's biggest tax evader .An apex court bench of Justice B. Sudershan Reddy and Justice S.S. Nijjar said: "When we look at the (status) report, it is very difficult to remain calm and quiet as to what was happening in the country."
"Let the people of this country know what is happening," the bench added.
The court said that the status report was completely silent on the point of national security and the source of money laundered by the Pune-based stud farm owner.
The court asked Solicitor General Gopal Subramanium "what you are required to do from national security angle remains unanswered".
The court asked the solicitor general: "Were you able to find the source of the money (that was deposited by Hasan Ali in foreign banks)."
Going through Hasan Ali's interrogation report, the court said: "During interrogation, we did not find one question. Where from this money came?"
When the solicitor general said "it (the question about the source of money) is there", the court said "we will see it".
Subramanium told the court that the sole consideration in the case was "over-ridding public interest and national security".
The status report was submitted to the court in a sealed cover.
Subramanium told the court that Hasan Ali had given a written statement to the ED that there was a danger to his life and his family. The court was told that Hasan Ali needed court's protection.
Justice Reddy asked the solicitor general as to why a multi-disciplinary special investigating team, comprising officials from the Research and Analysis Wing ( RAW )), Intelligence Bureau (IB), the Central Bureau of Investigation (CBI) and the ED should not be constituted by the court to investigate the case.
The court said that team could be headed by a serving officer or a retired one.
The solicitor general said that the situation for it may not arise and sought time from the court time till the third status report was filed by the ED.
Subramanium told the court that officers investigating the matter were over-stretching themselves and needed to be encouraged.
"Why were these agencies sleeping since 2008 till we intervened, till this petition was filed. In fact nothing happened since 2008," the court said.
Justice Reddy said: "As far as this particular individual (Hasan Ali) is concerned something is going on. What about the others."
Subramanium told the court that as of now one investigation was going on but linkages and overlapping in money laundering transactions could not be ruled out.
However, at a later stage these cases would be segregated except for those where there were linkages and over-lapping, he said.
Even as the solicitor general sought to address the concerns of the court, Justice Reddy said: "You have claimed privilege about these people (others involved in money laundering)...things are being kept secret. Let the people of this country know what is happening."
The court was told that officers who were on deputation with the ED and whose deputation had got over had been retained. The solicitor general said that in order to secure their continued presence in the ongoing investigation, the protection of the court was needed.
Appearing for Hasan Ali, senior counsel U.U. Lalit told the court that he "was being made a scapegoat" since 2008 when the first FIR (first information report) about an alleged fake passport was filed against him.
The case would be heard next Tuesday.
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"We have a mixed bag," Environment Minister Jairam Ramesh said at the release of the tiger census in New Delhi. "We have reason to feel satisfied with what we have done. But the threats are imminent."
The government has for decades been fighting a losing battle to conserve tiger numbers against poaching, which feeds a lucrative cross-border trade in body parts, and the loss of natural habitat. Tiger numbers have plummeted 97 percent from 100,000 at the turn of the last century.
But the latest government data showed an increase to 1,636 cats tracked in 2010 from 1,411 three years ago, according to a census released on Monday. The census also added numbers from the Sunderbans region in West Bengal state for the first time, taking the total to 1,706.
"There's a lot of encouraging news in this survey," Jim Leape, Director General of the World Wide Fund for Nature (WWF), told Reuters.
"In the areas where India has worked to have effective protection in tiger reserves and effective engagement in the surrounding landscapes you see tiger numbers improving."
HOT-BUTTON ISSUE
However, the total area where tigers were found has fallen to 72,800 sq km (28,100 sq miles) from 93,600 sq km (36,100 sq miles) over three years.
The rise in tiger numbers was good news for conservation efforts, though the surge could be partly down to better data, which was helped by hidden cameras in forests, said Belinda Wright of the Wildlife Protection Society of India .
"The bad news is the very alarming decline in tiger occupancy," she added.
Tiger conservation is a hot-button issue in India, which pits the need to preserve wildlife against the development needs of a country with blistering economic growth rates but hundreds of millions living below the poverty line.
Power shortages in particular are seen as a major constraint to faster economic growth, putting pressure on the environment ministry from vested interests to permit the development of coal mines and hydroelectric dams.
"We can deal with the poachers," said Ramesh, who has held up hundreds of projects over environmental concerns in defiance of concerns from other ministries.
"We can deal with the mafias, the real estate mafias and the mining mafias, but what is difficult to deal with is the development dynamic, because there is the need for higher and faster economic growth," he said.
Conservationists say the trade in skin and bones is booming to countries such as China, which has banned the use of tiger parts in medicine but where everything from fur, whiskers, eyeballs, to bones, are still used.
The parts from one tiger sell for tens of thousands of dollars.
28 MAR, 2011, 09.35AM IST,ET BUREAU
DE Shaw, RIL in JV for financial services; shares of RIL down
MUMBAI: Reliance Industries on Sunday announced an equal financial services joint venture with global private equity and hedge fund company DE Shaw. The joint venture will build a financial services business in India, the companies said in a brief press statement.
At 9:35 am, shares of RIL were trading lower by 0.30% at Rs 1022.95 on the Bombay Stock Exchange.
A number of people familiar with the joint venture's plans said it was likely to seek regulatory approval to set up a non-banking finance company, or NBFC. They declined to be named because the two companies were still firming up plans.
On June 30, 2010, ET had reported the two groups were in discussions to start such a joint venture that would offer services like energy and carbon trading and derivatives linked to these, areas in which DE Shaw has expertise. It will also enter more conventional sectors such as private equity, mutual funds, and other security-linked offerings, the report had said.
DE Shaw had approximately $19 billion in investment capital at the start of this year. It has offices in North America, Europe, the Middle-East, and Asia.
Equal board representation from both
The company was set up in 1988 and has an international reputation for innovation in financial products such as derivatives. Mukesh Ambani-owned Reliance Industries is India's largest private sector company with operations in energy, oil exploration, and refinement.
Following the annulment of a non-compete agreement between Mukesh and younger brother Anil Ambani, the company had forayed into telecom last May. Financial services was also a part of the non-compete pact signed in 2006, when Reliance was split into two groups headed by the siblings.
Reliance Industries and DE Shaw did not reveal the financial commitment made towards the joint venture. However, one of the persons familiar with the developments said the two groups were committed to investing around $150 million in the initial stages of the joint venture, the person said. The first tranche of this would be $50 million.
Under Indian regulations, foreign investment in an NBFC exceeding $50 million is cleared through the automatic route.
The DE Shaw joint venture has been set up with equal board representation from both companies, but the management team is yet to be finalised. More details may emerge over the next 30 days.
ET's earlier report had said the JV would eventually seek a banking licence in India. The companies did not confirm this, but one of the persons said it would be on the company's agenda once regulations are announced. "Reliance is delighted to partner with the DE Shaw group in the financial services domain. The DE Shaw group is a natural partner for Reliance. Together, we look forward to participating in the growing Indian financial services sector," Mukesh Ambani , chairman and managing director of Reliance Industries, was quoted as saying. Lou Salkind, a member of the DE Shaw group's executive committee, said, "We have had a long-term commitment to Asia generally and to India specifically, having begun our operations in the country 15 years ago," said. "We believe this joint venture allows us to apply to the Indian markets our historical success in investment management and market-making, and that strengthening our presence in India and deepening our relationship with Reliance benefits our business globally."
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/ril-de-shaw-in-jv-for-financial-services-shares-of-ril-down/articleshow/7804541.cms
Govt appoints special court to try 2G scam
Government today appointed a special court to try cases relating to 2G-spectrum scam following directions of the Supreme Court.
Delhi Government issued a notification designating Om Prakash Saini as a special judge to "undertake the trial of cases in relation to all matters pertaining to 2G scam exclusively."
In a separate notification, Department of Revenue in the Finance Ministry designated the sessions court of Saini as special court to deal with offences under the Prevention of Money Laundering Act 2002.
The Law Ministry had favoured the special court to be given the powers of a sessions court as the Enforcement Directorate, looking into alleged violations of Prevention of Money Laundering Act, cannot file a chargesheet in a lower court according to the provisions of the Act.
"We have issued the notification to try exclusively the 2G scam cases after getting approval from the Lt Governor Tejinder Khanna ," Delhi Law Secretary S P Garg told PTI.
The apex court had asked the government to set up a special court exclusively for dealing with the 2G spectrum case.
CBI had informed the court that it will file the first chargesheet in 2G spectrum scam against former Telecom Minister A Raja and other accused under the Prevention of Corruption Act for cheating and forgery by March 31.
Attorney General G E Vahanvati had written to Moily suggesting him to request the Chief Justice of the Delhi High Court to initiate the process for nominating a judge for the purpose.
Following the AG's opinion. Moily had written to Delhi Chief Minister Sheila Dikshit and Delhi High Court Chief Justice Deepak Misra to nominate a judge for the purpose.
CWG scam: OC official and Pvt firm director's JC extended
A Delhi court today extended by 14 days the judicial custody of CWG OC official K Udai Kumar Reddy and a private firm director Praveen Bakshi, arrested for their alleged role in a corruption case related to Commonwealth Games last year.
Special CBI Judge O P Saini extended their custody till April 11 after the CBI told that the probe in the case was still going on.
"Both the accused are remanded to judicial custody till April 11," the court said.
CWG OC Additional Director General Reddy and private firm director Bakshi were produced before the court after expiry of their 14-day judicial custody.
The duo, arrested on February 22, were charged with giving and accepting bribe and misuse of his official position by Reddy.
CBI had earlier told the court that Bakshi had paid a huge bribe to the OC officials in return for getting contracts at exorbitant rates.
CBI had also said Reddy had accepted the bribe amount from Bakshi, the director of a firm known as 'ESJAV:D Art: Indo-Consortium.'
Nearly Rs 600 crore worth of contracts relating to the overlays projects are under the CBI scanner.
Overlays works included supply of tents, marquees, prefabricated units, portable toilets, containers, security fences, furniture, public display LED boards, floor finishes, material handling equipment, gensets, cabling, UPS, air-conditioners, lighting, civil construction, athletic exercise equipment and grandstands.
CWG scam: OC official and Pvt firm director's JC extended
NEW DELHI: A Delhi court today extended by 14 days the judicial custody of CWG OC official K Udai Kumar Reddy and a private firm director Praveen Bakshi, arrested for their alleged role in a corruption case related to Commonwealth Games last year.
Special CBI Judge O P Saini extended their custody till April 11 after the CBI told that the probe in the case was still going on.
"Both the accused are remanded to judicial custody till April 11," the court said.
CWG OC Additional Director General Reddy and private firm director Bakshi were produced before the court after expiry of their 14-day judicial custody.
The duo, arrested on February 22, were charged with giving and accepting bribe and misuse of his official position by Reddy.
CBI had earlier told the court that Bakshi had paid a huge bribe to the OC officials in return for getting contracts at exorbitant rates.
CBI had also said Reddy had accepted the bribe amount from Bakshi, the director of a firm known as 'ESJAV:D Art: Indo-Consortium.'
Nearly Rs 600 crore worth of contracts relating to the overlays projects are under the CBI scanner.
Overlays works included supply of tents, marquees, prefabricated units, portable toilets, containers, security fences, furniture, public display LED boards, floor finishes, material handling equipment, gensets, cabling, UPS, air-conditioners, lighting, civil construction, athletic exercise equipment and grandstands.
India developing 5,000 km-range Agni missile: Antony
India is developing a 5,000 km-range Agni ballistic missile, Defence Minister A K Antony said today.
"India has reached an appreciable level of competence in missile technologies , with a reach capability of 3,500 kilometres. Defence Research and Development Organisation (DRDO) is developing Agni missile with a capacity to reach 5000 kilometres," he said here.
The Defence Minister was addressing a conference of heads of DRDO laboratories.
Under its missile development programme, India is developing ballistic missiles with longer ranges and had recently successfully test-fired the 3,500 km-range Agni-III missile from a launch facility. The Agni-series also includes missile variants with ranges between 700 and 2,500 km.
The 5,000 km-range Agni-V is a further advancement of the existing systems and is expected to be test-fired later this year, sources said.
Other missiles developed by the DRDO are the Prithvi and its variants with ranges upto 350 km, surface-to-air Akash missile defence system with a range of 25-30 km and the short- range anti-tank NAG missile.
The Trishul air defence missile system programme was scrapped by the DRDO after it was marred by delays.
In his address, the Defence Minister asked the DRDO to speed up the development trials and induction of Interceptor Missile as part of the credible Ballistic Missile Defence ( BMD )).
To reduce cases of suicides and fratricides in the armed forces, Antony asked the DRDO to to undertake a detailed research program to make an assessment of stress profile and mental health of the soldiers.
"I have asked one of the life sciences laboratories of DRDO to undertake extensive psychological research to optimise stress profile and enhance mental health of soldiers. The objective is to reduce incidents of suicides and fratricides among soldiers," he said.
The suicide and fratricide rates in the early part of the decade were high, but due to sustained efforts by the Defence Ministry , they had come down significantly in last few years, according to officials.
Banking licence draft guideline by end of this month: Finmin
The Reserve Bank will announce draft guidelines for giving new banking licences in the next few days, the Finance Ministry today said.
"RBI will come up with the guidelines by the end of this month," Department of Economic Affairs Secretary R Gopalan told reporters on the sidelines of a CII function.
He further said the Finance Ministry would have a look at the draft guidelines and comments would be invited before the final guidelines were notified.
In the Budget 2011-12, Finance Minister Pranab Mukherjee had said the RBI plans to issue guidelines for the grant of new banking licences before the close of this financial year.
In the last Budget, it was announced that the Reserve Bank of India would consider giving traditional banking licences to private sector players, he had said.
Following the announcement made by the Finance Minister, the Reserve Bank had brought out a discussion paper in August, 2010, on giving out new banking licenses to business houses and non-banking finance companies, besides regulations for the same to foster greater competition.
The RBI also sought to know "whether industrial and business houses could be allowed to promote banks." Furthermore, it sought stakeholders' views on whether NBFCs should be allowed to convert into or promote banks.
The RBI has received comments on its discussion paper from all stakeholders.
Various entities like Reliance Capital , IndiaBulls, Religare, IL&FS, IDFC, IFCI and Aditya Birla Financial Services are reported to be mulling an entry into the banking space.
At present, India has 26 public sector banks, seven new private sector banks, 15 old private sector banks, 31 foreign banks, 86 regional rural banks, 4 local area banks, 1,721 urban cooperative banks, 31 state cooperative banks and 371 district central cooperative banks.
28 MAR, 2011, 12.57PM IST,ET BUREAU
Did India Inc thumb its nose at Bill Gates & Warren Buffett?
Has the majority of India's billionaires taken a leaf out of Sam Walton's autobiography, Made in America? Walton, co-founder of the world's largest retail chain Wal-Mart, famously wrote in his 1992 tome: "Wal-Mart really is not, and should not be, in the charity business...We have never been inclined to give any undeserving stranger a free ride." A few days ago, when Bill and Melinda Gates along with Warren Buffett got down to dining with India's loaded lot in the capital with a plea to be generous in philanthropy, barely a dozen of the country's 55-odd billionaires attended. The richest of them, Mukesh Ambani, preferred to watch India beat Australia in the ICC Cricket World Cup some 1,000 km away at Motera in Ahmedabad. Does it mean Indian billionaires are indifferent to the cause of giving and only interested in creating wealth?
That may be an unfair conclusion. For many reasons. The main one: If India's super-rich do not want to take the Gates-Buffett 'giving pledge', it does not mean they do not give. As Rahul Bajaj, chairman, Bajaj Group, says: "India has a very old culture of giving, since the time of Buddha. The concept of philanthropy is not new to us." Also, the nature of philanthropy in India and in the West could not be more different. Says Yusuf Hamied, chairman & managing director, Cipla: "Philanthropy in the first world and in the third world are two different things. In the first world people donate to build a baseball stadium. In India, we have to decide for ourselves what we want out of philanthropy. It is not for the Americans to tell us." Adds Harsh Goenka, chairman, RPG Enterprises: "Our group's charity is not about writing fat cheques. It hinges on education, employability and environment." That India's businesses are predominantly family-owned might also mean they have to first think about the brood before they look outward.
Importance of family ties
The concept of philanthropy is really nice, but for that people in our country first need to create wealth themselves," says KP Singh, chairman, DLF , India's largest realty firm.
Analysts also point out that the 80-year-old Buffett has made the transition from investor and industrialist to philanthropist over decades. After all, he became a millionaire way back in the early 60s and a billionaire in 1990 - a time when wealth creation was a mirage in India Inc .
Similarly, Bill Gates has tasted the kind of success few Indian entrepreneurs can even dream of. His ability to kickstart a revolution in personal computers enabled him to become the richest man in the world year after year between the mid-'90s and late 2000.
The difference between Gates and Buffett, of course, is that they did not run family businesses. That promoter-run groups skimp on the charity front is not a perception that exists just in India. Let's go back to the Waltons of Wal-Mart.
Sam Walton's heirs, who include three children and a late son's widow, were recently estimated to be worth some $90 billion - as rich as Gates and Buffett combined! And, surprise, surprise: None of the Waltons figures amongst the 59 American billionaires who have pledged to salt away a majority of their cache of greenbacks for philanthropy.
That does not make the Waltons a close-fisted family that refuses to think beyond the clan. Sam's wife Helen, who died in 2007 and at one time was the richest woman in the world, chalked out a chunk of her stake in the retailer for charity.
25 MAR, 2011, 05.11AM IST,ET BUREAU
India Inc leaders learn tricks about doing biz from Buffett
NEW DELHI: Select leaders of corporate India kept their date with an unusual visitor on Thursday- a sagely American who created unimaginable wealth and gave it all away, and is now travelling the world to promote a culture of giving.
Leading CEOs , technocrats , venture capitalists and others who made it to a carefully curated list of invitees, met 80-year-old Warren Buffett through the day in multiple sessions, listening, talking about doing business in India, and learning first hand why the world hangs on to everything this man has to say.
Buffett, turned out in a dark suit and red tie, was his reputedly charming and witty self, talking about the core values that are important to him in his partners, why he will attach a risk premium to investing in emerging markets and how the first hand experience of India is so much better than the picture painted by statistics.
At the breakfast session, Buffett said he looked for three qualities in people he did business with-intelligence, passion and integrity.
"But God forbid, if the integrity of the person is questionable and the man is highly intelligent, it can lead to worse scenario," Buffett said.
It was an apt theme to bring up, especially at a time when India is buffeted by a series of scams and scandals involving some big names of corporate India.
Buffett's breakfast companions included a group of 20-25 business people, including Tata Group's Noel Tata, Piramal Group chairman Ajay Piramal, GMR Group chairman G M Rao, Godrej Group CMD Adi Godrej, Britannia Industries MD Vinita Bali, Monnet Ispat and Energy vice-chairman & MD Sandeep Jajodia, HSBC India country head Naina Lal Kidwai, HDFC MD Renu Karnad, Bajaj Auto chairman Rahul Bajaj and US ambassador to India Timothy Roemer.
"He said he is open minded about investing in India and that he is almost 20 years late to come here," Kidwai said. "His ability to laugh at himself makes him a very engaging speaker."
Buffett said he would have loved to come to India earlier, but it is not his habit to spend time regretting.
"I would have indeed loved to come before," Buffet said. "It is one of the success stories with one-sixth of the world's population and largest middle-income group, which is rising every passing day. But in principal, I don't spend time on regretting. There are many decisions that we take-some go right and some go wrong. We go by the decision we have taken instead of regretting."
Mirroring his reputation for instinctive decisions, Buffet said: "I don't plan much in advance; I prefer to take call while we are at it." The Oberoi Hotel in New Delhi assumed a seriousness of purpose as business leaders strode into the hotel greeting each other. A posse of policemen were posted outside, while the hotel had its own security men inside, who stood 10 metres apart from each other through the entrance and the lobby, guiding the invitees for that veritable rite of passage in the business world-a private audience with the greatest living investor and the world's third most wealthiest man.
A light and simple breakfast was on offer, and most attendees struck to just coffee or tea.
There was plenty of conversation-lighthearted and insightful.
Buffet said he wants to keep just enough so that he can afford the next holiday trip, flight ticket or a movie. "He said he doesn't really need the rest and it can be very useful for others," Kidwai said.
Buffett had a different set of companions for lunch. Former Infosys CEO and UIDAI chief Nandan Nilekani, Planning Commission deputy chairman Montek Singh Ahluwalia, Max India Group chairman Analjit Singh, ChrysCapital's Ashish Dhawan, Landmark Holdings CEO & MD Gaurav Dalmia, law firm Karanjawala & Co founder Raian Karanjawala and Dabur India chairman Anand Burman were among the 11 people who made it to a 90-minute session with Berkshire Hathaway chairman over lunch.
Ahluwalia kicked off the session by speaking about India.
"We briefed him about the investment options and policies in India," Ahluwalia said after the meeting. "He is here to invest. We are sure that something positive will transpire."
Nilekani also spoke about the economic and business environment in the country as Buffett seemed keener to listen than talk during the lunch session.
Other invitees, including ace investor Rakesh Jhunjhunwala, who has gained a reputation as 'India's Warren Buffet', spoke about the investing environment. The general conclusion was that India is a better destination for entrepreneurs than investors.
Buffett spoke about what he enjoys about doing business and creating wealth. "If all the gold in the world is put together, it will become a cube, which would be roughly 67 ft in length," he said. "The value of this cube would be roughly $6 trillion. One can buy the entire land in America and still have 1 trillion in the bank for sundry expenses. I cannot enjoy sitting in front of this cube and watching the value of gold growing. I would rather watch the consumption of coke grow, bringing more value to everyone." Berkshire Hathaway owns a stake in Coca Cola. Many Indian businessmen who met Buffet came away impressed.
"Mr Buffett is a man with a great humanness and puts the human face far above business considerations," Max India's Analjit Singh said. "He has mastered the art of simplification and is at great peace and harmony."
Hope Cong cash-for-vote scam seriously: Jaitley
New Delhi: Asserting that phraseology like ''opportunistic'' is completely inconsistent to views expressed by the Bharatiya Janata Party (BJP), Leader of Opposition in the Rajya Sabha, Arun Jaitley, on Monday said he hopes that the Congress takes WikiLeaks revelations on the cash-for-votes scandal seriously.
"Any comment or use of phrase used by a US diplomat such as ''opportunistic'' is completely inconsistent to views expressed by us. It is inconsistent to our phraseology or ideology. It is neither our view nor our ideology," said Jaitley.
"In response to our Congress friends (accusation)... now that they are taking Wikileaks so seriously, I hope that they take it equally seriously on the cash for vote," he added.
Responding to a question on Union Human Resource Development (HRD) Minister Kapil Sibal criticizing him for his remarks on ''Hindutva'', Jaitley said: "Then they will probably have a lot more to answer."
"I clarified two days ago that some of the views in reference to me, particularly in relation to denial of visa to Gujarat chief minister Narendra Modi by the US government is our strong position against terrorism and infiltration in the Northeast," he added.
Jaitley further reiterated that expressing nationalistic views has been the BJP''s course of ideology from the beginning.
Sibal had on Sunday pulled up the BJP over fresh revelations by whistle blowing website WikiLeaks that the party''s senior leader (Arun Jaitley) had referred to Hindu nationalism as an ''opportunistic issue''.
Asserting that the conversation between Jaitley and US envoy Robert Blake was a quoted one and is not an unverifiable source, Sibal also said that Jaitley should apologise to the nation.
"They were giving so much importance to WikiLeaks. Now they are facing the same heat. The Congress considers it unverifiable but we will have to deal with the BJP in the same manner as it did with the Congress in Parliament last week," said Sibal.
Denying the statements made by him reported by WikiLeaks cable, Jaitley had earlier on Saturday said that the use of ''opportunistic'' was in reference to nationalism.
In a statement issued, Jaitley said: "A Cable by a US Diplomat to his Government in 2005 makes a reference to his conversation with me. The Cable reflects my views on cross-border terrorism, illegal infiltration from Bangladesh and the unfair denial of US Visa to the Gujarat Chief Minister."
"However, the use of the word ''opportunistic'' in reference to nationalism or Hindu nationalism is neither my view nor my language. It could be the Diplomat''s own usage," he added
In the latest WikiLeaks expose, it has been revealed that way back in May 2005 senior BJP leader Arun Jaitley had told US diplomats in private that Hindu nationalism was an opportunistic issue for the party.
Source: ANI
SC refuses to frame guideline for protection of whistleblowers
New Delhi: The Supreme Court today refused to frame guidelines for protection of whistle blowers in the country, saying that it cannot make law.
A three-judge bench headed by the Chief Justice SH Kapadia refused to entertain a PIL seeking framing of guidelines for giving statutory protection to whistle blowers in the wake of the gruesome killing of Maharashtra additional collector Yeshwant Sonanwane allegedly by an oil mafia.
The PIL by advocates--N Raja Raman and Ajay Mandyal--cited a number of recent incidents in which whistle blowers have been killed or intimidated by mafias and political leaders to silence their voice against growing corruption in the country.
But the court refused to pass any order, saying that it was not possible to keep monitoring cases across the country. It, however, allowed the petitioners to approach the high court for protection of whistle blowers in a specific case.
It also said that the court cannot ask the government to pass legislation in this regard.
The petitioners had urged the apex court to direct the Centre to frame a law to ensure that complaints of corruption are dealt with promptly and whistle blowers like RTI activists, journalists and advocates are given necessary protection.
Source: PTI
Jairam is like the tiger, says Khursheed
New Delhi: What is common between tiger and Environment Minister Jairam Ramesh? Minister and senior Congress leader Salman Khursheed Monday lightheartedly said both are ferocious and near extinction.
Representation only
Speaking at the release of Tiger Estimate 2010 in the capital, Water Resources and Corporate Affairs Minister Khursheed called Ramesh the "tiger minister".
"Both of them have similarities. He has features of a tiger... if you don't treat them well, they become man-eaters and on the other side, they are near extinction," Khursheed said as Ramesh smiled.
Khursheed said like for the tiger "we (Congress party) use camera trapping and pug mark analysis to keep track of Ramesh".
Ramesh said he had called Khursheed for the release of the Tiger Census as he is the water resources minister and several upcoming irrigation projects are posing a threat to the environment.
"We are embarking on an irrigation project in Jharkhand which will destroy the Valmiki Tiger Reserve in Bihar. We are looking at the interlinking of Ken-Betwa rivers and it will completely submerge the Panna Tiger Reserve in Madhya Pradesh," Ramesh said.
"Similarly, large irrigation projects are coming up in Himachal Pradesh and these will affect the environment. These are some of the development threats we face."
The census recorded an increase in tiger figures to 1,706 in 2010, compared to 1,411 in 2006.
Source: IANS
Plane's tyre bursts, narrow escape for ministers
Hyderabad/Bangalore: Karnataka ministers G. Janardhana Reddy and B. Sriramulu Monday escaped unhurt when a private plane in which they were to fly to New Delhi suffered a tyre burst during take off at the Hyderabad airport, official sources said.
State Tourism Minister Reddy, a mining baron, later left for New Delhi by another aircraft while Sriramulu, his close associate and the health minister, cancelled the trip, the sources said.
The aircraft had six passengers -- the two ministers and officials of the Karnataka tourism department.
The aircraft was stuck on the runway of the Rajiv Gandhi International Airport for 10 minutes but the incident did not affect flight operations, airport officials told IANS in Hyderabad.
Source: IANS
'Let the people know what's happening'
New Delhi: The Supreme Court Monday said that one could not remain "calm and poised" after looking at the Enforcement Directorate's (ED) second status report on money laundering activities of multi-billion tax evader Hasan Ali Khan.
The apex court bench of Justice B. Sudarshan Reddy and Justice S.S. Nijjar said: "When we look at the (status) report, it is very difficult to remain calm and poised as to what was happening in the country."
"Let the people of this country know what is happening," the bench added.
The court made this strong observation in the wake of the second status report the ED submitted to the court on its investigation into the money laundering activities of Pune-based stud farm owner Hasan Ali and others.
The status report was submitted to the court in a sealed cover.
At the outset of the hearing, Solicitor General Gopal Subramanium told the court that Hasan Ali had given a written statement to the ED that there was a danger to his life and that of his family.
Justice Reddy asked the solicitor general as to why a multi-disciplinary special investigating team, comprising officials from the Research and Analysis Wing (RAW), Intelligence Bureau (IB), the Central Bureau of Investigation (CBI) and the ED should not be constituted by the court to investigate the case.
Source: IANS
Buffett-Gates in India
If India,s super-rich do not want to take the Gates-Buffett 'giving pledge', it does not mean they do not give.
Instead of trying to locate a mutual fund manager who emulates Buffett, you could make a beginning by going to a bookstore and buying a copy each of G...
Warren Buffett preferred to play second fiddle to his associate Ajit Jain when the duo called on Prime Minister Manmohan Singh on Friday.
India's growth may disappoint in 2011-2012: Credit Suisse
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The final countdown for the big big semi final of world cup 2011 between India and Pakistan has begun and already the fans from both sides are feeling more butterflies in their stomach than maybe the players. After all, it is not just a clash between two traditional rivals but also a win will take a team one step closer to the coveted trophy. As a billion Indians root for their team, let us now take a look at how India can win, lose or tie the epic battle in this war of cricket
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Sri Lanka Vs New Zealand: The Big BattlesTake a look at five player battles that are worth looking forward to from the first semifinal of the 2011 World Cup.
Dark Horses who won the World CupThe canvas of World Cup history is filled with instances where the 'also-ran' teams gave the top sides a run for their money.
Best World Cup batsman: Richards or Tendulkar?Who is the best World Cup batsman: Sachin Tendulkar or Sir Vivian Richards? Who has been the most valuable World Cup batsman: Martin Crowe or Adam Gilchrist? MSN India takes hard look at the most prolific names in the World Cup batting chart on the basis of numbers and tries to pit an equivalent.
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Check your awareness quotientTest your awareness on the revered arena of knowledge, courtesy MSN. Once you have proved your mettle, create your own quizzes and invite your friends over for a battle of brains. Show them who's the boss.
New Delhi: Stationery items widely used by school children, text books, branded ready-made garments and jewellery, treatment in private hospitals, air travel and lawyer fees will become costlier following the tax proposals in 2011-12 Budget.
- Mamata Exp rolls into Bengal once again
New Delhi: For the third successive year, the Railway Budget for 2011-12 spared passengers of any increase in fares and proposed no hike in freight rates while introducing 56 new trains, including nine non-stop Duronto trains and three Shatabdis.
- Highlights of Railway Budget 2011-12
No hike in passenger fare and freight rates.
- The Didi-Lalu joust in Lok Sabha
New Delhi: It was waiting to happen - Railway Minister Mamata Banerjee and her predecessor Lalu Prasad spewing anger at each other during the presentation of the railway budget.
- Appropriation Bill
Enables withdrawal of money from the Consolidated Fund to pay off expenses. These are instruments that Parliament clears after the demand for grants has been approved by the Lok Sabha
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MSN Headlines on TwitterMSN India brings you latest Headlines, Breaking News and Mobile updates- all in a single click. Now, check out minute by minute update on national, global & business news on Twitter.
Tell Finance Minister Pranab Mukherjee what you think about Union Budget 2011-12.
Posted By: dani, Posted on: 3/27/2011, Location: New Delhi,Delhi,India
Message: I WANT TO BECOME INDIA AS DEVELOPED COUNTRY.SO EACH AND EVERY MAN WILL DEVELOP IN THIER JOB,COMPANYS,AGRI,BISSENESS,EDUCATION,VALUE OF MONEY AMONG THE WORLD. WE THINK ABOUT WORDS OF A.P.J ABDUL KALAM 2020.Posted By: dani, Posted on: 3/27/2011, Location: New Delhi,Delhi,India
Message: I WANT TO BECOME INDIA AS DEVELOPED COUNTRY.SO EACH AND EVERY MAN WILL DEVELOP IN THIER JOB,COMPANYS,AGRI,BISSENESS,EDUCATION,VALUE OF MONEY AMONG THE WORLD. WE THINK ABOUT WORDS OF A.P.J ABDUL KALAM 2020.Posted By: eswaran, Posted on: 3/21/2011, Location: Chennai,Tamil Nadu,India
Message: it ought to give benefit for middle class people.Posted By: PRITAM MISHRA, Posted on: 3/19/2011, Location: New Delhi,Delhi,India
Message: IF PRICE OF PETROL,VEGETABLES..ETC ETC WILL RISE AND SALARY OF LOWER INCOME GROUP WILL REMAIN CONSTANT..IN FUTURE HOW THEY WILL AFFORD..ONCE THINK ABOUT THIS-
Posted By: Daljeet Singh, Posted on: 3/19/2011, Location:Mumbai,Maharashtra,India
Message: The Budget is only in favour of govt servents not in favour of Amm Adami
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Prescriptions and wishlistsBold reform measures to sustain high growth trajectory figure high
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Cycle makers want govt to put a brake on rising steel pricesChandigarh: Hit hard by rising input costs, cycle manufacturers in Ludhiana, which accounts for over 90% of country's bicycle and bicycle parts output, today demanded setting up of a regulator to monitor steel prices.
Readymade garment makers demand VAT relaxationJaipur: Rajasthan readymade garment manufacturers' association submitted a representation to the state government demanding lifting VAT on readymade garments manufactured in the state.
- 'Give tax sops on affordable housing'
New Delhi: Industry chamber Assocham today asked the government to re-introduce the tax exemption scheme to promote affordable housing in the forthcoming Budget for 2011-12.
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Real estate scenario post budget 2011Real estate sector is one of those important sectors which directly or indirectly affect us. This article briefs you about the post budget impact on Real estate sector. So, if you are an investor looking to invest in the real ...
Budget impact for FMCG sectorFMCG sector has been growing a healthy CAGR of 11% over the last decade on account of strong domestic consumption demand. It is also the 4th largest sector of Indian economy and has a market size of about Rs 130,000 ...
Post budget impact on oil & gasThe Oil & Gas sector is one of the most important sectors for the future growth prospect of Indian Economy. This article analyzes the post budget impact on this sector. Therefore, if you are an investor and looking forward to ...
Personal taxes and budget 2011!Budget 2011-12 has given a marginal benefit on the tax slab for individuals. However the benefits for very senior citizens are higher. However the expectations that there will be changes in the investment avenues and their slabs have not been ...
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