West Bengal government agrees on 4-phase panchayat polls
West Bengal
government on Tuesday agreed to hold the panchayat elections in four phases
instead of three phases for which poll preparations are already on, following a
Calcutta High Court's suggestion that the rural polls be held in five phases
due to paucity of armed forces.
The court on Tuesday heard the case filed by the state
election commission seeking details of forces deployment for the elections.
The
court observed that the polls should be held in five phases, instead of three,
as the state did not have adequate force and the Centre had refused any help.
AMUL becomes a $3.2bn brand in 2012-13
dairy brand Amul marketed by the Gujarat
Co-operative Milk Marketing Federation became a $3.2 bn brand in 2012-13.
Results
of the apex body of dairy cooperatives in Gujarat were declared on Tuesday
during the 39th Annual General Meeting of GCMMF noted that
unprecedented 20% growth in milk procurement during the year 2012-13, enabled
it to handle 16.6 million kg of milk during peak days of flush winter months.
While GCMMF closed the year with a turnover of Rs 13735
crores, 18% higher than the turnover of Rs 11668 crores, achieved in 2011-12,
products sold by GCMMF and its constituent member unions, representing
unduplicated turnover of all products sold under Amul brand, was Rs 19,100
crores or $ 3.2 bn.
Amul was a $2.5bn brand in 2011-12.
Railways revise rail ticket refund rules, to be effective
from July 1
NEW DELHI: Railway
Ministry today revised its refund rules
comprehensively under which passengers will
have to present their confirmed tickets at least 48 hours before the journey
instead of existing 24 hours to get the maximum refund.
To get a refund with cancellation charges of 25 percent of
the fare, passengers will now have to cancel their confirmed tickets within 48
hours and at least six hours before the train's departure against the existing
four hours, the ministry said.
The existing window of time for the same amount of fare
deduction is between 24 hours to four hours before the train's scheduled
departure.
Under the new rules, the time for filing of refund claims has been
reduced from existing 90 days to 10 days of the train's departure in case of unforeseen
circumstances like strike or any natural causes like floods.
Present rules
allowed passengers to travel longer distance if they surrendered their tickets
24 hours before the train's scheduled departure.
Under the new rules, such
passengers would have to present their tickets 48 hours before the journey.
If the ticket is presented for cancellation within six hours
before the train's scheduled departure of the train and upto two hours after
its actual departure, the cancellation charge would be 50 percent of the fare
subject to a minimum of the charge.
Oil India, OVL agree to buy stake in Mozambique gas field
for $2.47 billion
ONGC and Oil India (OIL) have signed a $2.48-billion deal to
acquire 10% stake from Videocon in a giant gas project in Mozambique, which may
help ship an estimated 6 million tonnes a year of liquefied natural gas (LNG)
to India.
Videsh (OVL), the overseas arm of the state explorer, said the deal marks its entry into a world-class project with significant upside potential, and would help it achieve long-term production targets of 20 million tonnes of oil equivalent by 2018 and 60 million tonnes by 2030.
Videsh (OVL), the overseas arm of the state explorer, said the deal marks its entry into a world-class project with significant upside potential, and would help it achieve long-term production targets of 20 million tonnes of oil equivalent by 2018 and 60 million tonnes by 2030.
This is ONGC's third significant global acquisition since it
bought Hess Corp's 2.7% stake in Azerbaijan's largest oil field and an
associated pipeline for $1 billion.
It also signed a deal to buy
ConocoPhillips's 8.4% stake in Kazakhstan's Kashagan project for $5 billion
last November, but the deal is facing obstacles from China.
NTPC and CIL to sign fuel-supply agreements; other cos too
may ink pacts
NTPC's board has approved the fuel pact, setting the stage
for other firms to sign similar agreements.
Many producers were waiting for
NTPC to resolve the issues with Coal India, because the state utility, being a
large customer, has much stronger negotiating power than others over quality
and payment terms, and agreed to sign fuel-supply
agreements with the state monopoly a year after the deal was first offered.
NTPC had two major issues with respect to the fuel-supply
agreement that was prepared for units which came up after March 2009, and had
resisted signing the agreements.
One was with respect to maintaining two sets
of FSAs for thermal power stations which have units built before 2009 and those
that came up subsequently. The second was with respect to coal quality.
The NTPC board has also agreed to CIL's decision to put in
place systems for third-party sampling and analysis at the loading end before
September 30, 2013.
CIL will also put back in operation auto mechanical
samplers wherever they are installed but are non-functional.
Tech Mahindra completes Satyam merger, becomes 5th biggest
IT firm
Satyam brand has been consigned to history by acquirer Tech Mahindra which said its main focus now will be to take
steps to mitigate the impact from impending changes to work visa rules in the
United States.
Tech Mahindra acquired Satyam Computer Services through a
government-mediated auction in April 2009 after Raju admitted to cooking the
company's books to the tune of Rs 7,000 crore.
After close to a year of
hearings, the Andhra High Court approved the merger of the two BSE-listed
companies.
Satyam shareholders will get two shares of Tech M for every 17
shares of Satyam.
Tech Mahindra has six development centres in the US.
Tech Mahindra has six development centres in the US.
The proposed changes in
immigration law in the US, in the form of higher fees and more restrictive
rules, could make it costlier for Indian IT companies with a majority of their
US staff on visas.
Soni said that company would consider expanding in so-called
nearshore centres such as Canada and Mexico to cater to US clients.
With $2.7 billion (Rs 16,000 crore) in sales, Tech Mahindra
is India's fifth-largest software exporter. It employs 84,000 staff, has 540
clients, and operates in 46 countries.
The company's aim is to clock $5 billion
in sales by 2015.
Su-35: Russia's latest version of Sukhoi fighter jet
e latest version of Russia's Sukhoi-35 fighter jet wowed
crowds with gravity-defying demonstrations at the Paris Air Show as the
aircraft made its first appearance outside Russia.
Russia is the only country to fly it for now, having ordered
48 copies, but Moscow is seeking to to sell it to Brazil, China and India.
It
is a multi-role combat jet that weighs 17 tonnes and can fly at up to 2,500
km/h (1,500 mph) at high altitudes and at up to 1,400 km/h (870 mph) at low
altitude, with a ceiling of 18,000 metres (59,000 feet).
The climb rate is
18,000 metres/minute and its range of 3,500 kilometres (2,200 miles) can be
extended to 6,500 kilometres (4,000 miles) with aerial refueling.
Navigation satellite launch work picks up steam
Hectic activity is on at Sriharikota for the lift-off of the
Polar Satellite Launch Vehicle (PSLV-C22) at 11.41 p.m. on July 1, which will
put the Indian Regional Navigation Satellite System, IRNSS-1A into orbit.
A
PSLV-XL version, which uses six powerful strap-on booster motors, will put the
1,425-kg IRNSS-1A into orbit.
ISRO Chairman K. Radhakrishnan
The IRNSS will have a constellation of seven satellites and
the IRNSS-1A is the first of the seven regional, satellite-aided navigation
systems built by ISRO.
Dr. Radhakrishnan said ISRO was gearing up for a tough
schedule in 2013 with the launch of INSAT-3D slated for July 26 by Ariane-5
vehicle of the Arianespace from Kourou, French Guiana; the lift-off of the
Geosynchronous Satellite Launch Vehicle (GSLV-D5) with an indigenous cryogenic
engine in August to put a communication satellite,
GSAT-14, in orbit; the
launch of GSAT-7 from Kourou in August; and the orbiter mission to Mars in October/November.
INSAT-3D had already reached French Guiana.
Serena, Djokovic safely through
Serena Williams racked-up her 32nd successive win on Tuesday
to reach the second round at Wimbledon, and her men’s counterpart Novak
Djokovic followed suit.
World No.1 and defending champion Williams, chasing a sixth
Wimbledon title and 17th major, cruised to a 6-1, 6-3 win over Luxembourg’s
Mandy Minella, while Djokovic had a 6-3, 7-5, 6-4 win over Florian Mayer.
Victory was also her 75th in her last 78 matches — a run
that stretches back to her shock first-round departure at Roland Garros in
2012, the worst Grand Slam exit of her career.
Nik Wallenda: First man to cross Grand Canyon on a tightrope
US daredevil Nik Wallenda became the first man to cross
Grand Canyon on a tightrope. The 34-year-old, who walked across the Niagara
Falls last year, said winds were higher than expected as he crossed a Canyon
tributary gorge some 1,500 feet (457 meters) above the Little Colorado River in
eastern Arizona.
Wallenda said before the crossing that his greatest concern
was the unpredictable wind gusts that are prone to buffet the site in a remote
section of the Grand Canyon's watershed on the Navajo Nation.
Wallenda, the
self-described "King of the High Wire," took 22 minutes and 54
seconds to walk 1,400 feet (427 metres) across the crimson-hued canyon with
just the distant ribbon of the Little Colorado River beneath him. The event was
broadcast live around the world
5th International junior shotgun cup: Priyanshu traps gold
Priyanshu Pandey beat Juho-Pekka Maunula
of Finland 23-21 in the double trap final of the fifth International
junior shotgun cup in Orimattila, Finland.
Priyanshu qualified for the knock-out in fourth place with a
score of 102.
He topped the semifinal with 24 and clinched gold with 23. He
shot 18, 20, 19, 24 and 21 in qualifying.
The results: Junior men double trap: 1. Priyanshu Pandey 23
(24) 102; 2. Juho-Pokka Maunula (Fin) 21 (23)2 (94); 3.
Lorenzo Belei (Ita) 28
(23)1 (119); 6. Sanjay Rathore 20 (105); 7. Ahvar Rizvi 93.
ITF women’s tennis: Ankita thumps Treta
Ankita Raina booked her place in the second round of the
$10,000 ITF women’s tennis tournament after administering a straight-set
dismantling of qualifier Treta Bhattacharya at the DLTA Complex here on
Tuesday.
The second seed won 6-1, 6-0.
Ankita, the highest-ranked Indian in the draw, looked in
perfect shape for the match with her serve and forehand proving too lethal for
her opponent.
Treta’s inclination to regularly serve to the second seed’s
forehand further weakened her position.
Ankita broke the 21-year-old in the very first game and went
on to establish a 4-0 lead.
Treta made far too many errors from her backhand, a
weakness well exploited by her opponent.
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