Wednesday, November 21, 2012

India growing at 5% per annum

Photo © Photokore.com


The economic growth of India has slowed down even further in 2012.
The UN Economic and Social Commission for Asia and the Pacific (ESCAP) said that India’s growth slowed down mainly because of severe monetary tightening by the Reserve bank of India. In 2011, the Indian economy grew by 6.5%. This time it’s only 5.9%, after an 8 percent growth in the last three years. This makes it the lowest growth rate since 2002-03; and this has affected Rupee in Forex market trading.
In September, the government took the decision to pursue some economic reforms such as FDI in multi-brand retailing, hike in petrol prices in the hope to turn around the economy.
Chief Economist Nagesh Kumar said that the RBI needs to ease monetary policy that give rise to high inflation, exchange rate instabilities, high interest rates and adversely impacted business growth. “It is time to loosen the policy,” he said.
On a different train of thought, it is said the recently, Rupees fell for weeks straight, and it could look bad on currency trading exchange.

                                                                           (Based on Timesofindia.indiatimes.com

Hillary Clinton visits controversial Indian minister

Photo ©hindustantimes.com


Her name is Mamata which means affectionate and nurturing. Her demeanour is anything but gentle.
The chief minister of West Bengal wears flip flops, a scowl, cotton sarees, resides alone in a humble home, wears no make-up and leads a formerly communist state with an iron hand, a commanding voice and an unpredictable temper.
Yet, her power and popularity prompted the U.S. Secretary of State Hillary Rodham Clinton to pay her a special visit on a recent trip to India. It's an ghonour that’s highly unusual for any regional leader. Mamata opposes many policy changes such as allowing foreign retail outlets such as Wal-Mart to set up base in India and often ends up contradicting her views.
‘Didi’ (sister) as she is called,claims there is a global conspiracy to kill her. She seldom keeps her temper in check or her views to herself. Her decisions are spontaneous and often spark heated debates. But she is still a hero to many in West Bengal for having the courage to stand up to a communist government that ruled West Bengal for 34 years and even beat her up black and blue when she voiced her protest. Whether she is a stumbling block to India’s growth as many believe or the light of hope to a better India remains to be seen. As some say, Mamata is a very determined lady and it is the determined people who get things done.

              
                                                                                ` (Based on NYtimes.com)

Coca Cola revives old relationships in India

Photo © Photokore.com


Coca Cola plans a new strategy to reach out further in India by reviving popular old brands.
The name is RimZim. Flavoured with cumin and other spicy ingredients, the masala-soda is an old brand that’s being revived. Currently, coke is reaching out to about one in five outlets in India. The plan is to be one in three outlets in three years. On an average, 1.2 billion people consume 12 bottles of coke per year compared to the global average of 92. The potential of distribution and expansion in India is unlimited. With a population in millions spread out in every part, increasing urbanization and a growing economy, India is still a virgin market waiting to be untapped. With the Parle take over in 1993, Coca Cola secured two of Indi’s two favourite drinks then – Thums Up, a fizzier version of Coke,a nd the mango flavoured Maaza. Coke is planning to resuurect the lime flavoured Citra and masala-soda RimZim.
  
                                                                (Based on Bloomberg.com)

26/11 terrorist Ajmal Kasab hanged in Pune's Yerwada Jail

Ajmal Kasab, the sole surviving terrorist of the 26/11 attack and a member of Pakistan-based terror group Lashkar-e-Toiba (LeT) was hanged at Pune's Yerawada jail at 7.30 am on Wednesday and later buried inside the jail premises. A fax message on the decision taken on Kasab was sent to Pakistan's foreign ministry. While Pakistan acknowledged the fax, it has not claimed Kasab's body.

Kasab's mercy plea was rejected by President Pranab Mukherjee on November 5. The execution order was signed by Home Minister Sushil Kumar Shinde on November 7 and forwarded to Yerwada jail authorities on November 8.

Kasab was reportedly aware of the date on which he was to be executed and had been made to sign his death warrant before being moved to the Pune jail on November 19. According to official sources, a senior jail official read out the death warrant to Kasab at his cell and also informed him that his clemency petition had been rejected by the President.

                                                                                               Youtube

26/11 villain Ajmal Kasab hanged, had asked authorities to inform his mother

Pakistani national Ajmal Kasab, the sole surviving terrorist of the Mumbai terror attack of November 26, 2008, was hanged in a Pune jail at 7.30 am on Wednesday, after his mercy plea was rejected by President Pranab Mukherjee earlier this month.

Kasab had been buried inside
the premises of Pune's Yerawada Central Jail shortly after the execution, Maharashtra chief minister Prithviraj Chavan told journalists.
Chavan said Kasab had been shifted from Mumbai's Arthur Road jail to Pune two days ago.
Kasab did not leave behind any will, the chief minister said.
The chilling images of Kasab's killing spree, captured by close-circuit TVs installed at Chhatrapati Shivaji Terminus in Mumbai were rekindled, as Maharashtra home minister RR Patil announced the execution, carried out in complete secrecy.
"All the legal procedures in the 26/11 terror attacks case were completed," Patil told reporters in Mumbai, adding: "Accordingly, Kasab has been hanged this morning at 7.30 am in Yerawada Central Jail."


'Kasab was quiet before execution'
Minutes before his execution, Kasab appeared to be nervous but was quiet and offered prayers, a jail official said.
"From his body language, we could make out that he was very nervous. However, he remained quiet before he was taken out from his cell for the hanging," the official said.
Kasab had also offered prayers and asked if his family was informed in advance about the hanging to which jail authorities replied in the affirmative, the official said.
Kasab's end came five days before the fourth anniversary of the brutal terror attacks that claimed 166 lives and injured 300 people. Nine of his associates, who had sneaked into Mumbai for the three-day carnage, had been secretly buried in the city in January 2010.
The hanging also comes a day before the winter session of Parliament and weeks ahead of Gujarat assembly election in December.

'Tell my Ammi', this was the message conveyed by Kasab, who was hanged on Wednesday, when he was told about his November 21 execution, official sources said.
Nooree Lai, mother of Kasab, was apparently the closest person to him as he only uttered her name when asked about his last wish, the sources said.
After completion of the formalities, home secretary RK Singh wrote to foreign secretary Rajan Mathai to inform Kasab's mother and other family members who are in Pakistan.
Accordingly, the authorities, through the Indian High Commission in Islamabad, had sent a letter to his mother through courier on Tuesday, fulfilling his last desire, the sources said.
Union home minister said a letter was sent to the Pakistani High Commission in New Delhi, informing them of the decision to hang Kasab. When the letter was not accepted, a the same was faxed to Pakistan's foreign ministry. But there was no response.
Kasab -- who was barely 21 when he carried out the brutal attack -- was sentenced to death on four counts and to life sentence on five counts on charges including murder, waging a war on India and possessing weapons.
He was first sentenced to death by a special trial court on May 6, 2010.
The Bombay high court upheld the verdict Feb 21 last year, followed by a similar decision by the Supreme Court on Aug 29. Finally, President Mukherjee rejected his mercy plea Nov 5.
"It took the Maharashtra government less than two weeks to hang Kasab, after President Pranab Mukherjee rejected his mercy petition Nov 5. I forwarded it to the Maharashtra government on Nov 8," Union home minister Sushilkumar Shinde said in New Delhi.
"Pakistan has been informed but there is no demand for Kasab's body," he said, adding, the the entire operation had to be conducted under secrecy due to the sensitivities involved and all the due procedures were followed.
Soon after, reactions started pouring in.
The hanging of Kasab was a case of "better late than never", the Bharatiya Janata Party (BJP) said on Wednesday after the 26/11 Pakistani terrorist was executed in Pune's Yerawada jail.
"It took us four years to finally hang him. Better late than never," BJP spokesperson Ravi Shankar Prasad told mediapersons in New Delhi.
Asking the government to "expedite the whole process of mercy petitions", Prasad also demanded action against Afzal Guru, who masterminded the attack on parliament in December 2001.
"All the handlers, conspirators of the Mumbai attack still remain at large in Pakistan," Prasad said further.
BJP leader Mukhtar Abbas Naqvi termed the hanging as "a stern warning to the enemies of India especially those across the border who want to terrorise India".
Special Public Prosecutor Ujjwal Nikam, who appeared for state in the case, said with Kasab's hanging homage has now been paid to those lost their lives in the terror attacks.
"By Kasab's conviction and death penalty, we have proved how the entire conspiracy was hatched in Pakistan. We have set an example that India will not tolerate such attacks and the accused will be brought to justice," Nikam said.


Kasab's hangmen was also kept in dark
The operation to execute Kasab was on Wednesday shrouded in secrecy with even the hangman kept in the dark about the terrorist's identity till the last minute.
Kasab, who has been lodged at Arthur Road prison in Pune ever since his arrest soon after the Mumbai terror attack, was whisked out of his heavily-guarded cell in the intervening night of November 18 and 19, a senior police official said.
"Kasab was escorted by senior officials of crime branch, commandos of Quick Response Team (QRT) and ITBP officials, who have been guarding the terrorist since his arrest in November 2008. The team, along with Kasab reached Pune's Yerwada jail in the wee hours of November 19," the official said.
According to the officer, except the jail superintendent, deputy jailor and doctor, no jail authority was informed about the identity of the accused.
"The jail authorities were only told that a high-profile accused is being brought to Yerwada. His identity was not revealed. Kasab was lodged in an isolated egg-shaped cell guarded by ITBP personnel," the official said.
Even the hangman was not informed about the identity of the accused till the last minute. "We had told the hangman that he is to execute the death penalty of a terrorist. The identity was revealed to him only few minutes before the execution," the official said.
Kasab was confined to a special-made bullet and bomb-proof cell at Arthur Road Central prison ever since his arrest in November 2008. However, he was executed in Yerwada prison as facilities to hang exist in that prison only, he said.
Before the execution, as per the norms, Kasab was asked if he had any final wishes, to which the terrorist replied in the negative.
Soon after he was hanged, the doctor, who was present in the room, confirmed Kasab's death and informed the government authorities.
According to authorities, Kasab's body has been buried inside Yerwada jail itself.

'We have got justice'
"The first thing that comes to my mind is what happened is good. We are happy that we have got justice," wife of a railway ticket collector, who was killed in the 26/11 Mumbai carnage, said today reacting to Pakistan terrorist Ajmal Kasab's hanging.
Ragini Sharma, whose husband S K Sharma was killed in the 2008 terror strike, said she would like to thank the President for rejecting Kasab's mercy plea.
"I would like to thank the President. However, it got delayed but we did get justice. I am happy that it (the hanging) was done secretly, otherwide some human rights people would have opposed it," she said.
Vishnu Zende, an announcer at the Chhtrapati Shivaji Terminus, the railway station here which was one of the targets of the attack, said, "I had never thought that I would get to hear this news like this.
"I am very happy that he has been hanged. All the people who died in the terror attack have been given tribute by hanging him," Zende, who had helped save many lives by making announcements over the public address system in the station about the strike, said.

Advocate Ujwal Nikam who was the public prosecutor in this case expressed happiness over the move." We have exposed the modus operandi of terror groups operating from Pakistan and sent a message that terrorism will not be tolerated, " Nikam said.
"Yes, Kasab has been hanged this (Wednesday) morning at 7.30 a.m. in Yerawada Central Jail," special public prosecutor Ujjwal Nikam, who led the 26/11 terror attacks case, said.


Kasab buried inside Pune jail

Kasab was buried inside the premises of Pune's Yerawada Central jail shortly after he was hanged, Maharashtra chief minister Prithviraj Chavan said on Wednesday.
Chavan said Kasab had been shifted from Mumbai to Pune two days ago.
Kasab did not leave behind any will, the chief minister told journalists, adding that he had been buried in the jail premises on the outskirts of Pune.
Ajmal Kasab and nine fellow Lashkar-e-Taiba terrorists had sailed into Mumbai on November 26, 2008 from Karachi and gone on a shooting spree that killed 166 people. Kasab was the only one captured alive by security forces.
Kasab was sentenced to death in May 2010 after he was found guilty of a string of charges, including waging war against India, murder and terrorist acts.
He appealed in the Supreme Court claiming he did not receive a fair trial but his petition was struck down in August.
During the 2008 attacks, the heavily armed terrorists stormed targets in Mumbai including luxury hotels, a Jewish centre, a hospital and a bustling train station.
India blames the Pakistan-based Lashkar-e-Taiba (LeT) militant organisation for training, equipping and financing the gunmen with support from "elements" in the Pakistan military.


'India should end death penalty'
Hours after Kasab was hanged in Pune, Human Rights Watch urged India to remove the death penalty from its legal framework.
"The hanging of Kasab marks a concerning end to the country's moratorium on capital punishment," said a statement from the US-based rights group issued in India.
"Instead of resorting to the use of execution to address heinous crime, India should join the rising ranks of nations that have taken the decision to remove the death penalty from their legal frameworks," it added.

                                                          ( Based on Hindustan times.com )