Archive for 02/07/2013


The apex court says the complainant’s plea that action could not be taken against them by the 2G special court on charges of cheating ‘lacks merit’

Reuters
New Delhi: The Supreme Court Monday rejected the plea of telecom service provider Essar Teleholding and Loop Telecom Ltd that action could not be taken against them by the 2G special court on charges of cheating in the allocation of 2G licences and spectrum.

The apex court bench of Justice G.S. Singhvi and Justice Sudhansu Jyoti Mukhopadhaya dismissed the plea, holding that it lacked merit. Pronouncing the judgment, Justice Mukhopadhaya said: “No merit and dismissed.”

Essar Teleholding Ltd, Loop Telecom Ltd and Vikas Saraf had moved the apex court contending that the special CBI court trying 2G cases could not take cognizance of the charges under Section 420 IPC against them as it was set up to try cases under the Prevention of Corruption Act (PC Act).

The telecom operators had contended that the court of the Special Judge O.P. Saini could not have taken the cognizance of charges under Section 420 IPC against them as it lacked jurisdiction to do so.

The India-China bilateral trade touched $26.5 billion till May 2013 and the trade volume has come down by over $2 billion compared with last year
Reuters

Beijing: The India-China trade deficit increased by 34 per cent to reach $12 billion in the first five months of the year, presenting a bleak picture for Indian exports as bilateral trade continued to decline, denting hopes of achieving a trade volume of $100 billion by 2015.

According to the data released by Chinese customs, the India-China bilateral trade touched $26.5 billion till May 2013. The trade deficit for India has widened year-on-year to $12 billion, up by 34 per cent. The trade volume was lowered by over $2 billion compared to last year.

Even as local tribals demanded an enquiry into her death, allegations have surfaced that she had been at the receiving end of money in exchange for recruitment opportunities within the railways

PTI
It was two years ago that Shanti Tigga scaled yet another male bastion, when she became India’s first woman jawan. Till then, women had only joined the armed forces as officers in the non-combat units. But this 35-year-old, single-mother mother of two, outperformed her male colleagues to earn the right to become the only woman combatant in India’s 1.3 million strong defence force, and she was felicitated by none other than the country’s first woman president.

But two years later, the mood is more somber. On a night, after she had been on duty for close to 36 hours at the Chalsa station, Tigga was kidnapped by a group of unidentified persons. She was later found tied to a post at the Deopani village railway track. Though Tigga said she had not been harmed physically, she was admitted to a local hospital. Three days later, she hung herself in the hospital bathroom.

Even as local tribals demanded an enquiry into her death, allegations have surfaced that she had been at the receiving end of money in exchange for recruitment opportunities within the railways.

As both a woman and a tribal pioneer, Shanti’s tremendous battle against the odds should have been a source of inspiration. Yet her tragic end makes us contemplate the support that woman pioneers need once they have breached a male bastion. How do we ensure that these women remain on the path to high achievement and become role models for other women? It’s not enough for us to simply celebrate our women achievers. How do we help them reach even greater heights?

Tigga’s death has also once again put the spotlight on women in the army in India. Why are they so few and far between? And does the army have women-friendly policies? While Tigga was the first woman to qualify as a combatant, we are yet to have women as commanding officers. This is at a time when Pakistan welcomed its first female three-star general, Shahida Badshah two years ago.

But in India, it’s a long and lonely journey for women in the army. And they make their ascent carrying a heavy burden. As they bear the aspirations of their communities, when they fail the scrutiny gets more intense than it is for their male colleagues. So when Tigga succeeded, all Indian women succeeded with her. And when Tigga failed, all Indian women failed with her.

In other fields too, the climb to the top has always been steeper for women achievers, and their fall. This has to change, if women are to lose their inhibitions and storm the last standing male bastions.

Christina Daniels is a Writer, Poet, Marcom Editor, Photographer and Traveler. She is the author of “I’ll Do It My Way: The Incredible Journey of Aamir Khan” and “Ginger Soda Lemon Pop”. She has also co-authored ‘Mind Blogs 1.0.

In February, the RBI issued guidelines to allow corporate houses to set up banks, part of an effort to expand access to financial services in a country where only about half the population has a bank account

Reuters
Mumbai: The Reserve Bank of India (RBI) said it had received 26 applications for new bank licences, with Tata Sons Ltd, the holding company for India’s largest conglomerate, among those seeking the right to set up the first new Indian banks since 2004.

Other applicants include Reliance Capital(RLCP.NS), controlled by billionaire Anil Ambani, and Aditya Birla Nuvo(ABRL.NS), part of the diversified Birla conglomerate.

In February, the RBI issued guidelines to allow corporate houses to set up banks, part of an effort to expand access to financial services in a country where only about half the population has a bank account.

Licence winners are expected to be announced by the first quarter of 2014.