LAILA WADIA & OLIVER SCHARPF at 7:00pm

31 10 2014
invite for conference by LAILA WADIA & OLIVER SCHARPF at 7:00pm on Wednesday, 5 November at Italian Cultural Centre

Cultural Program

To

Undisclosed Recipients

Today at 4:12 PM

We would like to inform you that on Wednesday, 5th November there will be no Films screening. Italian Cultural Centre in association with the Embassy of Switzerland would like to invite you to the following conference.

Free Entry upon presentation of valid ID. Parking outside the Italian cultural centre will be available.

 

TRA IL SERIO E IL FACETO

STEREOTIPI, MITI E LEGGENDE DI DUE PAESI

 

LAILA WADIA & OLIVER SCHARPF

INDIA/ITALIA SVIZZERA

 

MERCOLEDÌ 5 NOVEMBRE 2014, 19.00

WEDNESDAY 5TH NOVEMBER 2014, 7.00 PM

 

ITALIAN EMBASSY CULTURAL CENTRE

50–E, CHANDRAGUPTA MARG (ENTRY NYAYA MARG)

CHANAKYAPURI – NEW DELHI

LAILA WADIA

È NATA IN INDIA A BOMBAY , MA VIVE A TRIESTE DOVE INSEGNA

ALL’UNIVERSITÀ COME COLLABORATORE ESPERTO LINGUISTICO. SCRIVE

IN INGLESE DA SEMPRE E IN ITALIANO DA QUALCHE ANNO. È INOLTRE

TRADUTTRICE E INTERPRETE.E’ AUTRICE FRA L’ALTRO DEL ROMANZO

“COME DIVENTARE ITALIANI IN 24 ORE.”

OLIVER SCHARPF

È NATO A LUGANO NEL 1977. SI E’ DIPLOMATO IN SCRITTURA

DRAMMATURGICA ALLA SCUOLA D’ARTE DRAMMATICA PAOLO GRASSI DI

MILANO. PREMIO MONTALE NEL 1997 PER LE POESIE INEDITE.

SCRITTORE E GIORNALISTA E’ AUTORE DI “LO CHALET E ALTRI MITI

SVIZZERI” (2010).

Regards,

Italian Embassy Cultural Centre
50-E, Chandragupta Marg
Chanakyapuri, New Delhi – 110 021
Phone: 0091-11-26871901/03/04
Fax: 0091-11-26871902





GAIL registers turnover (net of Excise Duty) of Rs 14,063 crore during Q2 of FY 2014-15

31 10 2014

Gross Margin up 37 % to Rs 2,311 crore; PAT up 42 % to Rs 1,303 crore

New Delhi, 31 October, 2014: GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs 14,063 crore in the second quarter of FY 2014-15, against Rs 13,945 crore in the corresponding period of previous year. The Gross Margin increased by 37% to Rs 2,311 crore in the second quarter of the current financial year as against Rs 1,685 crore in the corresponding period of previous year. GAIL’s Profit after tax for the second quarter of the FY 2014-15 increased by 42% to Rs 1,303 crore against Rs 916 crore in the corresponding period of previous year. The Profit before Tax increased by 54% to Rs 1,983 crore in the second quarter of the current financial year as against Rs 1,288 crore in the corresponding period of previous year.

Segment-wise Revenue

During the second quarter of the current financial year, the sales from Natural Gas Marketing during the second quarter of the current financial year stood at Rs 11,819 crore as against Rs 12,378 crore in the corresponding period of previous year. The revenue from Natural Gas Transmission business was Rs 767 crore as against Rs 1,067 crore in the corresponding period of previous year. The net sales from Petrochemicals business increased by 13% to Rs 1,281 crore, as against Rs 1,134 crore in the corresponding period of previous year. The revenue from LPG and Liquid Hydrocarbons business increased by 64% to Rs 1,704 crore, as against Rs 1,039 crore in the corresponding period of previous year. The revenues from LPG transmission during the second quarter of the current financial year were Rs 98 crore as against Rs 95 crore in the corresponding period of previous year.

Physical Performance

During the second quarter of the current financial year, the Natural Gas sales were 68.95 MMSCMD against 78.58 MMSCMD during the corresponding period of previous year. The Natural Gas transmission during the second quarter of the current financial year was 91.18 MMSCMD against 95.21 MMSCMD in the corresponding period of previous year. The LPG transmission during the second quarter of the current financial year was 701 TMT, as against 729 TMT during the corresponding period of previous year. The petrochemical production was 119 TMT against 114 TMT in the corresponding period of previous year. The petrochemical sales during the second quarter of the current financial year were 110 TMT against 108 TMT in the corresponding period of previous year. The LPG and Other Liquid Hydrocarbon production during the second quarter of the current financial year was 322 TMT against 336 TMT in the corresponding period of previous year. The LPG and Other Liquid Hydrocarbon sales during the second quarter of the current financial year were 322 TMT against 337 TMT in the corresponding period of previous year.

Half-Yearly Performance

GAIL registered a turnover (net of Excise Duty) of Rs 27,400 crore in the first half of FY 2014-15, up from Rs 26,800 crore turnover in the corresponding period of previous year. GAIL’s Net Profit after tax for the first half of the FY 2014-15 increased by 12% to Rs 1,924 crore as against Rs 1,724 crore in the corresponding period of the previous year. The Gross Margin increased by 9% to Rs 3,528 crore in the first half of the current financial year as against Rs 3,251 crore in the corresponding period of previous year. The Profit Before Tax increased by 14% to Rs 2,873 crore as against Rs 2,512 crore in the corresponding period of previous year.

Segment-wise Revenue

During the first half of the current financial year, the revenues from Natural Gas Marketing was Rs 23,488 crore as against Rs 23,437 crore in the corresponding period of previous year. The revenues from Natural Gas Transmission stood at Rs 1,427 crore as against Rs 2,066 crore in the corresponding period of previous year. The revenues from LPG transmission during the first half of the current financial year went up by 11% to Rs 209 crore as against Rs 189 crore in the corresponding period last year. The net sales from Petrochemicals were Rs 2,274 crore as against Rs 2,237 crore in the corresponding period of previous year. The net sales from LPG and Liquid Hydrocarbons business during the first half of the current financial year increased by 45% to Rs 2,964 crore as against Rs 2,043 crore in the corresponding period of previous year.

Physical Performance

During the first half of the current financial year, petrochemical production was 217 TMT, as against 231 TMT in the corresponding period of previous year. The petrochemical sales during the first half of the current financial year were 197 TMT, as against 229 TMT in the corresponding period of previous year. The LPG and Other Liquid Hydrocarbon production during the first half of the current financial year were 649 TMT, against 685 TMT in the corresponding period of previous year. The LPG and Other Liquid Hydrocarbon sales during the first half of the current financial year were 645 TMT against 687 TMT in the corresponding period of previous year. The LPG transmission during the first half of the current financial year was 1,533 TMT, up by 7 percent against 1,428 TMT in the corresponding period of the previous year. The Natural Gas transmission during the first half of the current financial year was 94.03 MMSCMD, against 97.25 MMSCMD in the corresponding period of previous year. The Natural Gas sales during the first half of FY 2014-15 were 72.72 MMSCMD, against 80.33 MMSCMD in the corresponding period of previous year.





COUNTRYWIDE DHARNA

31 10 2014
COUNTRYWIDE DHARNA STAGED TODAY BY OFFLINE RETAILERS ON ONLINE RETAIL FIASCO
STRONG DEMAND OF  FORMATION OF RULES & REGULATIONS & REGULATORY AUTHORITY

In their first major show of resentment and anguish over current fiasco on online retail business, the offline traders across the Country staged series of Dharna today at more than 150 cities in different states of the Country led by a Dharna at Jantar Mantar at New Delhi. The series of Dharna was held under the umbrella of the Confederation of All India Traders (CAIT) demanding investigation into business modules of online retail platforms and their pricing mechanism and formation of a regulatory authority to regulate and monitor all sorts of retail trade in India.

The Dharna, held in the wake of unrealistic discounts offered by online retailers in the just-concluded Diwali festival was held in Mumbai, Chennai, Hyderabad, Bangalore, Calicut, Cochin, Kolkata Chandigarh, Lucknow, Nagpur, Baroda, Kanpur, Dehradoon, among other places. In Delhi, beside large number of other organizations’, the Dharna was prominently joined by Delhi Mobile Dealers Association, Delhi Computer Dealers Association, All India Distributors Association, Consumer Electronics Traders Association, Book Publishers Association etc.

Addressing protestors at New Delhi, CAIT Secretary General Mr. Praveen Khandelwal said that business of offline retail was down by at least 45% because of the predatory pricing mechanism and non-transparent & unchecked business practices adopted by e-retailers. There has to be a law for conducting any format of trade in the County and therefore like US, UK, China & European Countries where they have established Rules & Regulations for e-retail, India too must have specific Act, Rules & Regulations for E Commerce business in India-said Khandelwal.

In USA, E Commerce business is regulated through Federal Trade Commission and in UK, the E Commerce business is regulated through Electronic Commerce (E C Directive) Regulations, 2002 whereas in European Union it is regulated via EU Electronic Commerce Directive. In such a situation, the Government must immediately formulate Rules & Regulations for Indian E Commerce Business. China too has various rules & regulations to keep a check on e retail business.

Not only the offline trade but entire India Uninc comprising of Traders, Transporters, SMEs, Truck Operators, Farmers, Hawkers, Cooperative institutions and Consumers will be motivate to join hands together to demand cleaning operation of E Commerce in India. The CAIT has convened a meeting of senior officials of Brand Companies in Mobiles, Consumer Electronics, FMCG, Computers & other segments, on forthcoming 5th November at New Delhi since their respective brand image is also being affected and the long established confidence between Companies & the offline retailers is at stake-said CAIT.

We are neither against online retail format of trade nor against any online retailer but the business practices of online retailers are dicey having no Government check, unfair, unhealthy and against all business norms thereby creating an uneven level playing field which is badly affecting the offline trade and that is why we are demanding Rules & Regulations for entire retail spectrum of the Country-said Mr. B.C.Bhartia, CAIT National President.

Brick and mortar stores have to pay numerous taxes and undertake large-scale paper work, while e-retailers are registered in one state and making deliveries across the country, causing revenues losses to states, where they are not registered. Under the present structure, the business executed through online retail remains unchecked. No tax authority of any State could firmly say up to what extent the goods are being consumed in their respective State through online retail. Therefore, a check of taxation authorities is more necessary like offline trade.

It is most astonishing and surprising that loss making companies are offering huge discounts and yet financers including business tycoons are advancing finances to them on a large scale. It can happen only in India and that too in online retail trade-said CAIT. Certainly, it creates a doubt as to why the financers are more interested in financing entities which are running in losses? Obviously, there could be some hidden reasons-said both Mr. Bhartia & Mr. Khandelwal.

Delhi State President of CAIT Mr. Ramesh Khanna said that CAIT seeks constitution of a Special Task Force of taxation experts to examine the compliance of taxation obligations of e-retailers and to study whether there is any tax avoidance. CAIT also wants the Centre to set up a joint committee of senior officials and stakeholders to study the impact of online retail business on offline markets in addition to constituting a Board of Internal Trade for development of business avenues in domestic trade and its empowerment and to upgrade and modernize the existing retail trade.





Recent Amendments in the FDI policy on the Construction Development  

31 10 2014

In line with the Budget announcement of the Government, the Union Cabinet gave its approval for amending the existing Foreign Direct Investment (FDI) policy on the ‘Construction Development Sector’.

 

The measures taken by the Union Government are expected to result in enhanced inflows into the Construction Development sector. Given the shortage of land in and around urban agglomerations as well as the high cost of land, the measures are likely to attract investments in new areas and encourage development of plots for serviced housing. The measures are also expected to result in creation of much needed low cost affordable housing in the country and development of smart cities.

 

The amendments in the FDI policy, contained in the Consolidated FDI Policy Circular 2014 are as follows:

 

1)  100% FDI under automatic route will be permitted in the construction development sector.

 

2) Investment in the Construction Development Sector will be subject to the following conditions:

 

(a) Minimum area to be developed under each project would be:

 

1) In case of development of serviced plots, there is no condition of minimum land.

2) In case of construction-development projects, a minimum floor area would be of 20,000 sq. meters.

3) In case of a combination project, any one of the above two conditions will need to be complied with.

 

(b) The investee company will be required to bring minimum FDI of US$ 5 million within six months of commencement of the project. Subsequent inflows of FDI can be brought till the period of ten years from the commencement of the project or before the completion of the project, whichever expires earlier.

 

(c) The investor will be permitted to exit on completion of the project or after three years from the date of final investment, subject to development of trunk infrastructure.

 

(d) The Government may, in view of facts and circumstances of a case, permit repatriation of FDI or transfer of stake by one non-resident investor to another non-­resident investor, before the completion of the project. These proposals will be considered by FIPB on case to case basis.

 

(e) The project shall conform to the norms and standards, including land use requirements and provision of community amenities and common facilities, as laid down in the applicable building control regulations, bye-laws, rules, and other regulations of the State Government/Municipal/Local Body concerned.

 

(f) The Indian investee company will be permitted to sell only developed plots.  For the   purposes of this  policy   “developed   plots”   will   mean   plots   where  trunk infrastructure including roads, water supply, street lighting, drainage and sewerage, have been made available.

 

(g) The Indian investee company shall be responsible for obtaining all necessary approvals, including those of the building/layout plans, developing internal and peripheral areas and other infrastructure facilities, payment of development, external development and other charges and complying with all other requirements as prescribed under applicable rules/bye-laws/regulations of the State Government/ Municipal/Local Body concerned.

 

(h) The State Government/ Municipal/ Local Body concerned, which approves the building / development plans, will monitor compliance of the above conditions by the developer.

 

For further details, please refer to the following link http://pib.nic.in/newsite/PrintRelease.aspx





FICCI BUSINESS DELEGATION TO TAIWAN

31 10 2014

Atul Shunglu
Assistant Secretary General
October 30, 2014
Mr. N.K. Sagar
Chairman
Enkay Sagar Holdings Pvt. Ltd.
New Delhi
Dear Mr. Sagar,
FICCI BUSINESS DELEGATION TO TAIWAN
January 21st – 23rd , 2014, Taipei
With a view to enhancing India-Taiwan business relations, FICCI is leading a high-powered business delegation to Taipei from 21st -23rd of January, 2013 in Taipei, Taiwan.
Taiwan, the 6th largest economy in Asia and 19th largest economy in the world is an important trading economy. Much has been known about its dominance in ICT products with Taiwanese companies controlling over 90% of the market share in many ICT parts and peripherals, it is also home to some of the leading companies in other sectors such as food processing, electronics, chemicals, pharmaceuticals, auto parts, gems and jewelry, textiles, machinery & machine Tools, Real Estate & Infrastructure, General Trading, etc.  
This visit will provide you with an opportunity to meet with the representatives of Taiwanese companies engaged in these sectors and will help in better understanding the business opportunities of the Taiwanese market. Based on your business interest, we would organize one to one business meetings with Taiwanese companies during the visit.
The other major highlights of the visit include: factory/industrial park visits; One-to-one business meetings interactions with decision-makers in the Government.
Tentative Itinerary:
20th January (Evening)
All delegates to arrive in Taipei
21st January
Half day Conference followed by one to one B2B meetings in Taipei
22nd January
Visit to Industrial Park / factories
23rd January
Courtesy Call-ons and meetings with government departments
In view of the importance of the visit, we would be grateful if you could kindly join the business delegation to Taipei . If, on account of other business engagements you are unable to join, kindly nominate a senior executive from your organization to be a part of the delegation.
In order to defray a part of the Secretariat expenses, we are obliged to charge a delegation fee of Rs. 25,000/- + 12.36% service tax. We look forward to receiving your kind confirmation in the Registration Proforma (Click here to download), latest by 28thNovember 2014.
Looking forward to your positive response.
Regards,
Atul Shunglu




Federal Reserve concludes the Asset Purchase Program

31 10 2014

 

 

The Federal Open Market Committee (FOMC) has directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to conclude the current asset purchase program by the end of October on account of substantial improvement in the outlook for the labor market and sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability.

 

The FOMC has also directed the Desk to maintain the existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency Mortgage-Backed-Securities (MBS) in agency MBS and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions. Each month, the System Open Market Account (SOMA) portfolio receives sizable principal payments on its securities holdings, which, if not reinvested, would decrease the size of the SOMA portfolio.  Reinvestment, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

 

Reinvestments in agency MBS will continue to be concentrated in newly-issued agency MBS in the To-Be-Announced (TBA) market. The Desk will adjust the number of individual agency MBS operations per month as needed for operational efficiency. The distribution of agency MBS purchases could change if market conditions warrant. The planned amount of reinvestments in agency MBS that are anticipated to take place over each monthly period will continue to be announced on or around the eighth business day of the month. For the remainder of the current reinvestment period, which ends on November 13, 2014, the Desk will continue to publish a tentative schedule of FedTrade agency MBS operations on or around the last business day of each week for a weekly period beginning the following business day. Consistent with current practices, the purchases of agency MBS will be conducted with the Federal Reserve’s primary dealers through a competitive bidding process and results will be published on the Federal Reserve Bank of New York ’s website. The Desk will continue to publish transaction prices for individual operations at the end of each monthly period.





NAPM 10th Convention in Pune

31 10 2014
NAPM 10th Convention Tmw in Pune in Backdrop of Government Changing Environmental, Land and Social Security Acts
From: napm india <napmindia@gmail.com> Thu, 30 Oct ’14 8:25p
To: napmmedia <napmmedia@googlegroups.com> and others
  • 20 years journey of people’s movements unfolds in Pune!

  • All India People';s Movements Meet in Backdrop of Government Changing Environmental, Land and Social Security Acts

  • National Alliance of People’s movements – 10th Biennial Convention. 31st October to 2 November. Rashtra Seva Dal, Parvati, Pune.

Pune / New Delhi, October 30 : Representatives of people’s movements striving for equality, social justice and sustainable development are meeting in Pune from 31st October to 2nd November to attend the 10th Biennial Convention of NAPM (National Alliance of People’s Movements). These activists have been instrumental in various social struggles and have played a key role in bringing about the important acts like Forest Rights Act for tribal people (2005), revised Land Acquisition and Rehabilitation Act (2013), Hawkers Act (2009), Employment Guarantee Act (2005).

Tribal people and farmers fighting for their land rights, urban poor fighting for their right to shelter, groups of people fighting against nuclear energy, communities fighting to save their water-forest-land, experts stressing the need of alternative development model are going to be a part of this three day programme.

Senior educationist Anil Sadgopal will inaugurate the convention on 31st October at 10.30 a.m. Noted social activists Medha Patkar will review the 20 years journey of NAPM, and Aruna Roy, Mazdoor Kisan Shakti Sangathan and former member National Advisory Council, will chair this session and reflect on the struggle for accountability and transparency in governance. In a special programme on this occasion, respected senior supporters of people’s movements will be felicitated.

A public meeting on ‘Development policy, social justice and India’s future’ will take place at 5.30 p.m. Yogendra Yadav, Pushpa Bhave, Vinoy Vishvam, Dayamani Barla, Khaleel Deshmukh, Shreenivas Khandewale and Vilas Bhongade will be part of this discussion.

On 31st October between 2pm to 5pm, group discussions will happen on a range of subjects like agriculture, water, energy, ownership of natural resources, urban planning, alternate development policy, health, education, right to food and others. On 1st November between 9am to 11am, summary of the discussions will be presented. At 6.30 p.m., public meeting on ‘Role of people’s movements in political transformation’ is planned. Ajit Jha, Nikhil Wagle, Lingraj Azad, Dr. Sunilam, Gautam Mody, Anil Chaudhary, will participate in the discussion. Medha Patkar will chair the session.

This convention is being viewed with great enthusiasm, as the laws that the new government intends to change, have been developed through these movements. UPA government had considered the voice of People’s Movements to some extent. Senior activist Aruna Roy was even introduced in the National Advisory Committee. BJP government, however, has started questioning the social organisations, people’s movements immediately after taking charge. In this context, how the people’s movements decide their way forward will be an interesting aspect of consideration.

In the context of the new developments from the Modi Government plannning to dilute and radically change pro poor laws like the LAAR Act, Labour Laws, Right to Information, MNREGA, Legislation related to Social Security making them anti-poor legislations: various social groups and alliances from across the country have converged today for a Samajvadi Samagam (Socialist Meet) at the SM Joshi Foundation. The purpose of this meeting is to bring together all the like minded socialist groups on to a common platform to fight together the rise of fascism and the present government';s Assault on the lives, livelihoods and natural resources of the common people and vulnerable sections of this country.

The coming together of people';s movements is significant at this juncture since, there is outrage at the moment at the way NDA government has been changing environmental laws and wants to change many. The movements are determined to halt any such changes and increase the resistance at the grassroots level against the ongoing assault on the livelihood and natural resources by corporations with help of the government.

Medha Patkar, Suniti S R, Prafulla Samantara, Arundhati Dhuru, Gabriele Dietrich, Kamayani Swami, Anand Mazgaonkar, Madhuresh Kumar

Contact : 9818905316

===============================================
National Alliance of People’s Movements
National Office : 6/6, Jangpura B, Mathura Road, New Delhi 110014
Phone : 011 24374535 Mobile : 09818905316
Web : www.napm-india.org | napmindia@gmail.com

Twitter : @napmindia







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