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AAP party leaders fight continue

Written By Kvartha People on Friday, March 27, 2015 | 6:40 PM

The AAP leader says he and fellow leader Prashant Bhushan were fighting to "save the soul of the struggle" that gave birth to the party

In further escalation of infighting, AAP leaders Prashant Bhushan and Yogendra Yadav on Friday mounted an attack on party convenor Arvind Kejriwal, accusing him of stifling internal democracy and adopting unfair means to capture power.

Addressing a press conference in New Delhi, the two leaders alleged that any issue raised by them was being projected as questioning Mr. Kejriwal’s leadership and attempts to remove him from the post of AAP’s national convenor.

Mr. Bhushan even claimed that Mr. Kejriwal had suggested that he will form a regional party with all party MLAs saying “he cannot work with us“.

The attack on Mr. Kejriwal by the two founding members of the party came a day before the crucial meeting of the AAP’s national council which is likely to deliberate on the fate of Mr. Bhushan and Mr. Yadav and other major issues.

Mr. Yadav said Mr. Bhushan and he were fighting to “save the soul of the struggle” that gave birth to the party.

Mr. Yadav said: “It (the AAP) is not an ordinary party, it was born out of a revolution to clean the system, end corruption and give power to the common people. People have high hopes from this party.”
6:40 PM | 0 comments

Co-pilot responsible for plane crash

Written By Kvartha People on Thursday, March 26, 2015 | 6:36 PM

The co-pilot of a Germanwings flight that slammed into an Alpine mountainside “intentionally” sent the plane into its doomed descent, a French prosecutor said on Thursday.

Marseille prosecutor Brice Robin said the commander left the cockpit, presumably to go to the lavatory, and then was unable to regain access. In the meantime, he said, co-pilot Andreas Lubitz manually and “intentionally” set the plane on the descent that drove it into the mountainside in the southern French Alps.

It was the co-pilot’s “intention to destroy this plane,” Mr. Robin said.

The information was pulled from the black box cockpit voice recorder, but Mr. Robin said the co-pilot did not say a word after the commanding pilot left the cockpit.

“It was absolute silence in the cockpit,” he said.

During the final minutes of the flight’s descent, pounding could be heard on the door as alarms sounded, he said.

In the German town of Montabaur, acquaintances said Lubitz was in his late twenties and showed no signs of depression when they saw him last fall as he renewed his glider pilot’s license.

“He was happy he had the job with Germanwings and he was doing well,” said a member of the glider club, Peter Ruecker, who watched him learn to fly. “He gave off a good feeling.”

Lubitz had obtained his glider pilot’s license as a teenager, and was accepted as aLufthansa pilot trainee after finishing a tough German college preparatory school, Mr. Ruecker said. He described Lubitz as a “rather quiet” but friendly young man.
6:36 PM | 0 comments

India lose to Australia

In an engrossing semifinal clash, four—time champions Australia rode on Steve Smith’s classy 105 to post an imposing 328/7 before bundling out India for 233 in 46.5 overs to set up a summit clash with trans—Tasmanian rivals and co—hosts New Zealand in Melbourne on Sunday.

After a dream run which saw them win seven matches on the trot, India’s quest for a second successive World Cup title was finally thwarted by the formidable Australians, who outplayed Mahendra Singh Dhoni’s bravehearts in every department at the fully-packed Sydney Cricket Ground.

Skipper Mahendra Singh Dhoni (65, 65 balls) stood tall amid a disappointing batting show as he waged a lone battle to take India past the 200-run mark and make a match of it despite the steep asking rate. At the top, Shikhar Dhawan was another notable performer with 45-run knock.

The Indians had themselves to blame for the loss as the bowling unit, which had performed admirably till now, failed to deliver when it mattered the most while the batting also crumbled under pressure.

The jubilant Aussies broke into wild celebrations after Mitchell Starc castled Umesh Yadav (0) to dismiss the last Indian batsman in the 47th over. Home captain Michael Clarke was composed though as he shook hands with the Indians and acknowledged the Aussie supporters, who had interestingly been outnumbered by Indian fans today.

Set a record run chase, the first 300-plus score in a World Cup semifinal, the Indians started off with a flourish with Dhawan and Rohit Sharma (34, 48 balls) adding 76 runs for the first wicket in 12.5 overs.

But Dhawan’s dismissal proved crucial as the runs dried up in the face of a determined effort by a fired up Australian pace battery.
6:32 PM | 0 comments

India vs Australia semifinals

Written By Kvartha People on Wednesday, March 25, 2015 | 6:09 PM

Australia and India have won six of the last eight Cricket World Cup titles. When the teams meet in the World Cup semifinal on Thursday at the Sydney Cricket Ground, there’s bound to be some friction. Both captains have attacking mindsets in the 50-over format, and the top order of both batting line-ups are stacked with free-hitting players, so there’s also bound to be some entertaining and enterprising cricket.

The winner will advance to Sunday’s final against New Zealand at the Melbourne Cricket Ground.
6:09 PM | 0 comments

Manmohan moves to SC

Kumar Mangalam Birla too moves Supreme Court; they were summoned as accused by a trial court in a coal block allocation case

Former Prime Minister Manmohan Singh and industrialist Kumar Mangalam Birla on Wednesday moved the Supreme Court against the order of a trial court that summoned them as accused in a coal scam case.

On March 12, 2015 a special CBI court had summoned Dr. Singh, along with five others including Mr. Birla and the former coal secretary P.C. Parakh in a case involving the allocation of Odisha's Talabira coal blocks in 2005 to Hindalco, a Birla group company.

A special CBI Judge summoned the six accused on April 8, 2015 for alleged offences punishable under Sections 120B (criminal conspiracy) and 409 (criminal breach of trust by public servant, or by banker, merchant or agent) of the IPC and under the provisions of the Prevention of Corruption Act (PCA).

The court summoned the former Prime Minister despite the CBI filing a closure report and telling the court that there was no prosecutable evidence against him.
6:06 PM | 0 comments

Modi-Nawaz dialogues

Written By Kvartha People on Monday, March 23, 2015 | 8:23 PM

Writing to his Pakistani counterpart Mr Nawaz Sharif on the occasion of the neighbour’s National Day, Prime Minister Narendra Modi has called for bilateral dialogue to resolve issues in a terror free atmosphere. The PM has evidently chosen to overlook the controversy being generated in a section of the media over the proposed participation of Kashmiri separatist leaders in a function at the Pakistani high commission to celebrate the national day on Monday.

“It is my firm conviction that all outstanding issues can be resolved through bilateral dialogue in an atmosphere free from terror & violence, Mr. Modi tweeted.

In another tweet he said: “I have written to Pakistan PM Mr. Nawaz Sharif, conveying my greetings on the National Day of Pakistan.”

Observers see Mr. Modi’s statement as a mellowing down of the tough stance on dialogue with Pakistan. The government had in August last year cancelled Foreign Secretary-level talks after Pakistan High Commissioner Abdul Basit met Kashmiri separatist leaders ahead of the talks despite calls by the India to not go ahead with it. After a lull, last month the government resumed dialogue under the garb of the Foreign Secretary’s “SAARC Yatra”. This letter is seen as a direct outreach to Pakistan towards resumption of dialogue.
8:23 PM | 0 comments

Dada saheb award for Shashi Kapoor

Charming Shashi Kapoor, whose nuanced acts in memorable films like "Deewar", "Satyam Shivam Sundaram", "Trishul" and "Kabhi Kabhie" captivated Hindi film buffs, will be conferred the Dadasaheb Phalke Award for 2014, it was announced on Monday.

The veteran actor-producer, 77, is the 46th winner of the honour, conferred by the government for outstanding contribution to the growth and development of Indian Cinema.

"Yessssssss! Shashi Kapoor to get the prestigious Dada Saheb Phalke award for contribution to Indian Cinema. Well deserved uncle. God Bless," his nephew, actor Rishi Kapoor, tweeted soon after the news broke.

"Third Padma Bhushan and third Phalke award in the family. Prithviraj Kapoor and Raj Kapoor being the other recipients," he added.

Born in 1938, Shashi is a well-known actor and producer from the famous Kapoor family, a film dynasty in Bollywood.
3:30 AM | 0 comments

Indian banks will be able to convert distressed loans into equity stakes, (SEBI)

Written By Kvartha People on Sunday, March 22, 2015 | 10:13 PM

Indian banks will be able to convert distressed loans owed by listed companies into equity stakes, the Securities and Exchange Board of India (SEBI) said on Sunday, in a move that will allow lenders to reduce bad loans weighing on their balance sheets.

India's bad loans have risen sharply as its economic growth has been weak for two years.

Loans classified by the Reserve Bank of India (RBI) as bad or restructured account for more than a tenth of total lending by banks. India Ratings and Research, part of Fitch, estimates impaired loans could hit 13 percent of total lending by March 2016.

The central bank and lenders had been lobbying SEBI to ease the rules on allotment of equity stakes to banks to facilitate debt-to-equity conversions.

The guidelines announced on Sunday would allow banks to convert distressed debt into equity at a mutually agreed valuation based on what the regulator described as a "fair-pricing formula", moving away from current rules that require conversions to be based on market prices.

A SEBI official said the regulator would publish details of the formula at a later date.

The regulator said conversions would be exempt from takeover rules, allowing banks to convert debt to equity without having to make mandatory tender offers to minority shareholders.
10:13 PM | 0 comments

Russia threatens Denmark's warships with nuclear weapons

Russia has threatened to target Denmark's warships with nuclear weapons if the Scandinavian nation becomes a member of Nato's missile defence shield.

In comments which have been met with anger in Copenhagen, the Russian ambassador to Denmark said a move towards better integration with the western alliance would make it a "threat to Russia", and that it would have to accept the consequences.

Mikhail Vanin told Jyllands-Posten newspaper: "I do not think that the Danes fully understand the consequences if Denmark joins the US-led missile defence shield. If that happens, Danish warships become targets for Russian nuclear missiles."

According to a translation by Copenhagen Post, Vanin added that while such a move would be "Denmark's decision", "relations with Russia will be damaged" and it would "lose both money and security"
10:06 PM | 0 comments

Japan oppose India-US deal

Written By Kvartha People on Friday, March 20, 2015 | 9:04 AM

Even as Indian and U.S. officials try to finalise “administrative arrangements” for the civilian nuclear deal, they have run into opposition from Japan. Sources have told  that lack of movement in the Indo-Japanese civilian nuclear deal may also stall the India-U.S. deal.
Even as Indian and U.S. officials try to finalise “administrative arrangements” for the civilian nuclear
Significantly, while the issue of ‘liability’ has been resolved, according to U.S. and Indian government officials, the major opposition from Japan is over the issue of ‘tracking.’ As a result, even though U.S. President Barack Obama and Prime Minister Narendra Modi were able to announce a “breakthrough agreement” on January 25 this year, the administrative arrangements are yet to be signed, and nuclear business seems a long way off.
9:04 AM | 0 comments

Demand for CBI in D K Ravi case

Karnataka government accused of coverup; Proceedings in LS, State Assembly disrupted

The death of a young IAS officer, D.K. Ravi, in Karnataka disrupted proceedings in the Lok Sabha and for the third straight day, stalled business in the State Legislature on Thursday.

In the Lok Sabha, BJP member Prahlad Joshi said the 2009-batch officer, who was found dead in his apartment in Bengaluru on Monday evening, was murdered, and accused the State government of a cover-up as he had initiated action against the real estate lobby.

Intervening in the matter, Union Home Minister Rajnath Singh said the Centre would order a CBI investigation if the State government made a recommendation. Further, Mr. Singh informed the House that he had been in touch with the Chief Minister on this case and had been told that a detailed report would be sent to the Centre within two days.

In Bengaluru, a united Opposition, led by the former Chief Minister Jagdish Shettar of the BJP and H.D. Kumaraswamy of the Janata Dal(S), met Governor Vajubhai Rudabhai Vala and submitted a petition seeking a CBI investigation.

However, the State government, which has handed over the investigation to the Criminal Investigation Department of the police, maintained that “it is prima facie a case of suicide.” Chief Minister Siddaramiah was quoted in a Kannada newspaper as revealing details of Ravi’s call
8:57 AM | 0 comments

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