CURRENT AFFAIRS: 08/17/11

Wednesday, August 17, 2011

Indian millionaires will see wealth grow fastest over next decade

New Delhi, Aug 17 (IANS) Millionaires in India are likely to see their wealth grow by a whopping 405 percent over the next decade -- the fastest in the world, according to a study by global consulting major Deloitte.

'Among emerging markets in 2020, India is likely to have the highest per capita wealth among millionaires with $4.25 million -- placing it ahead of the US,' said a report from the New York-headquartered Deloitte Center for Financial Service.

Mumbai, Aug. 17: Barely nine months after it listed on the stock exchanges, state-owned Coal India has mid-wived one of the most incredible stories on Dalal Street by toppling Reliance Industries from its perch and becoming the country's most valuable company.

Standard & Poor's, the credit rating agency downgraded the long term debt of the United States in a rating action on Friday, last week, setting off a week of political jawboning and intense volatility across global equity, debt and commodity markets.

New Delhi: India’s largest carmaker Maruti Suzuki has launched its much awaited car, the all-new Swift in New Delhi today.

This is for all the kids I know. Some of them are smart, some very smart. However money management is not a part of their curriculum (really sad)…so here are some tips. You can use it or discard it….just my views:

Bhopal, Aug 16 (IANS) Shehla Masood, an anti-corruption crusader and Right to Information activist, was Tuesday shot dead outside her residence here, police said.

Masood was in her car in the Koh-e-Fiza area when she was shot in the neck, Inspector General of Police Sailendra Srivastava told IANS.

Salman plays bodyguard for fan

Salman Khan humours a fan, by taking him on a bike ride, while shooting for his latest, 'Bodyguard'

Salman Khan is one actor who surely knows how to win hearts, especially that of his minor fans. The Dabangg-star was shooting for ‘Bodyguard’ in Filmcity when a young fan who wanted to get a glimpse of him, waited for 8 hours with a special request. The kid's innocent wish was that Salman should act like his bodyguard while he takes him on a bike ride. The bike in question was only a toy bike that runs on battery.

What does India mean to you, outside of the textbook clichés, behind the humdrum headlines? Listen to your nation’s pulsing heartbeat, tap into its unnoticed nervous system, peer into the fragments of its soul hardwired into each one of us. Capture the vibrant contrasts, the stunning surprises, the staple of smiles and tears that enriches our lives, and makes it meaningful for us to be Indian. Submit your best photographs that shout out the declaration: “This is India!”

Busted: Top 10 Myths Related to Heart Problems

We at MensXP love busting myths. And this time around we'll debunk some myths related to human heart which has always been shrouded in mystery, be it in the Bollywood movies or in real life as vital body organ.

We are constantly swimming in an ocean of heart-related myths. There's a lack of complete and correct knowledge about the heart and people don't really know what's good or bad for their heart.

'Shammiji was the real Rockstar'

Director Imtiaz Ali pays tribute to the legendary actor who passed away on 14th August
The legendary actor Shammi Kapoor passed away on 14th August. The legend will be seen for the last time on screen with his grand nephew Ranbir Kapoor in ‘Rockstar’.

Akshay Kumar is all set to make Paresh Rawal’s new play Kishan Vs Kanhaiya into a feature film. The actor saw the play recently and liked it very much.

The play is centred on the clash between an atheist and God. It was originally inspired by the Gujarati super hit play ‘Kanji Virrudh Kanji’ which tells the story of an atheist whose antique shop is destroyed by an earthquake and he incurs huge losses.

GOING full monty seems to be the latest shortcut to stardom. Following the PETA route and shedding clothes for a cause looks even better.

The latest to join the bare-all brigade is Goa-based DJ on Independence Day by posing with nothing but a tricolour cloth covering her modesty.

SINGAPORE/LONDON (Reuters) - Spot platinum headed for a seventh consecutive session of gains on Wednesday, after buying interest was triggered last week when its value relative to gold dipped to a discount for the first time since the 2008 financial crisis.

New Delhi: Facing impeachment proceedings in the Rajya Sabha, Justice Soumitra Sen of the Calcutta High Court today asserted that he was not guilty of financial irregularities and the allegations of misconduct and misappropriation of funds against him were aimed at victimising him in a pre-determined move.

Mumbai: Mahatma Gandhi's great grandson, Tushar feels there is a difference in the way the Father of the Nation and social activist Anna Hazare have used fasting as a form of protest.

"Hazare's fast is different because Bapu's fast was to reform an adversary into a friend, while Anna's fast is against an enemy. It is like a "me versus you" kind of thing," Tushar Gandhi said.

New Delhi: Suspecting "foreign" hand behind Anna Hazare's anti-graft movement, Congress today raised questions on the US' statement that India would exercise "appropriate democratic restraint" in dealing with peaceful protest and asked the government to inquire how a "lone" civil rights activist is drawing support.

New Delhi: As evening fell upon Delhi, rush hour saw thousands of people gathering in different parts of the Capital in support of Anna Hazare, the activist who is still in Tihar Jail after being arrested last morning.

Anna Hazare's close associates Arvind Kejriwal, Manish Sisodia, Kiran Bedi and Prashant Bhushan met Delhi Police Commissioner B K Gupta in a fresh initiative to iron out differences. Sources have told NDTV that Team Anna discussed the police's fresh offer of permission to stage a protest hunger-strike Delhi's Ramlila grounds. (Read: Team Anna meets Delhi Police Commissioner)

New Delhi: More than 36 hours after he was brought to the Tihar Jail, Anna Hazare relented and accepted a police offer of staging a 14-day protest hunger- strike at the Ramlila Grounds in Delhi. Mr Hazare is expected to be at the venue at 3 pm today, tweeted his close associate Kiran Bedi.

New Delhi: Anna Hazare's close associates Arvind Kejriwal, Kiran Bedi and Prashant Bhushan met Delhi Police Commissioner BK Gupta late on Wednesday night in a fresh initiative to iron out differences over the duration for the Gandhian's protest.

Hyderabad: Just a day after seeking permission to search his properties, the Central Bureau of Investigation (CBI) has begun raids at YSR Congress leader Jagan Mohan Reddy's properties and companies.

Lucknow: Heavy and continuous rainfall continues to affect many parts of India. In the north, many major rivers are in spate and floods continue to impact several villages in Uttar Pradesh.

The Ghagra river is 35 cms above danger mark. It has breached its embankment along the Charasi village in Barabanki. Over a dozen villages are likely to be affected after four lakh cusecs of water has been released by Nepal on Wednesday. The district administration has asked for the National Disaster Management Force (NDMF) to deal with the crisis. Around ten thousand people have been affected in Gonda district alone.

New Delhi: Anna Hazare has not eaten for over 48 hours now and shall continue his fast at the Ramlila Maidan today. Doctors at Tihar Jail, where the Gandhian activist has been since Tuesday evening, say he is in good health.

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New Delhi: More than 36 hours after he was brought to the Tihar Jail, Anna Hazare relented and accepted a police offer of staging a 15-day protest hunger- strike at the Ramlila ground in Delhi.

The breakthrough was reached after Anna Hazare's close associates Arvind Kejriwal, Manish Sisodia, Kiran Bedi and Prashant Bhushan met Delhi Police Commissioner BK Gupta late on Wednesday night to iron out differences. The meeting took place at Commissioner Gupta's residence in Chanakyapuri's Satya Marg after midnight. Team Anna then went back to Tihar Jail to brief Mr Hazare about their talks.

German auto major Volkswagen on Wednesday launched its upgraded version all-new Jetta (diesel variant) with 2-litre capacity starting at R

s. 14.12 lakh (ex-showroom New Delhi).

The New Jetta will be available in four variants --trendline, comfortline and highline manual and DSG gearbox. It is equipped with four cylinder CRDi engine with a six-speed gear box in both manual and automatic transmission.

The government on Wednesday said telecom regulator Telecom Regulatory Authority of India (Trai) has issued showcause notices to Bharti Airtel, Idea Cellular, Loop Telecom, Reliance Communications and Vodafone over alleged violations of mobile number portability (MNP) regulations.

Gold prices today surged further by Rs. 430 to touch an all-time high of Rs. 26,680 per 10 grams in New Delhi, tracking firm trends in the global markets where adverse economic conditions boosted the metal's appeal as a protection of wealth.

Maruti Suzuki on Wednesday announced the prices for its much anticipated all new Swift. The petrol variant of the Swift will start at a competitive Rs. 4.22 lakh, while the higher end variant will cost Rs. 5.52 lakh. The older Swift (petrol version) was priced just under Rs. 4 lakh when it was initially launched.

India Infrastructure Finance Company (IIFCL) on Wednesday said it is targeting to raise Rs. 11,000 crore from institutional and retail investors through bond issues by March, 2012.

Pharma giant Abbott made headlines last year with its acquisition of the domestic formulations business of Piramal Healthcare for $3.7 billion, surprising many. But the man who steered the acquisition – Michael Warmuth, Senior Vice President for Abbott’s Established Products Division is confident of his investments in India, which is a top priority market for him, and says it has already started paying off. In an exclusive interview with Archana Shukla of NDTV Profit, Michael Warmuth spoke about the changing pharma landscape in India and emerging markets and how Abbott is positioned to beat the market.

Afghan market bomb blast kills seven, says official

Kandahar: Seven civilians were killed and eight others wounded on Tuesday in a motorcycle bomb blast at a market in southern Afghanistan, officials said.

The attack happened at a market in Uruzgan province at around 6:30 pm (1930 IST) as local people were shopping in preparation for breaking their fasts during the Islamic holy month of Ramadan.

Mother takes son to police for one pound theft

London: A woman in Britain handed over her 14-year-old son to the police after watching him on CCTV stealing a chewing gum packet worth one pound.

The boy, from Sale town of Manchester, was dragged to the Stretford police station by his mother to confess his crime, the Daily Express reported.

Baghdad: Gunmen wearing military uniforms pulled seven people from a Sunni mosque south of Baghdad and then shot and killed them, officials said Tuesday, raising the death toll to 70 in Iraq's deadliest day this year.

Washington: The US today acknowledged that its ally Pakistan keeps ties with anti-India terror group Lashkar-e-Taiba, but said Washington had "no choice" but to maintain its relations with Islamabad if it has to fight Al Qaeda in the region.

Jerusalem: In an ancient stone quarry underneath Jerusalem's Old City, women tottered on stilettos down a dimly lit passage on their way to a very modern ritual: speed-dating.

Hoping the exotic setting would provide a conducive backdrop for romance, organizers brought about 60 Israeli singles to the subterranean quarry known as Zedekiah's Cave late Sunday for a unique speed-dating marathon to mark the 15th day of the Hebrew month of Av, the Jewish holiday of love.

London: A 16-year-old boy was ordered Tuesday to stand trial for the murder of a retiree attacked when he confronted rioters in London, as judges and prosecutors used tough punishment and name-and-shame tactics against hundreds of alleged participants in the mayhem.

Benghazi: Libya's rebels said today their war against Moammar Gaddafi's regime had entered a "decisive phase" and that victory was within reach by the end of August.

They also ruled out negotiations with the regime after Washington said the "days are numbered" for veteran strongman Moammar Gaddafi's regime.

Pak woman beats domestic help to death for not feeding her dog

Lahore: A Pakistani woman clubbed to death her 12-year-old domestic help for not serving a meal to her dog in Lahore.

Sadia Asif, a resident of Valencia Town, beat Taqi Usman to death after he failed to serve food to her pet. She had asked Usman to feed the dog before going to market a few days ago, an investigator said.

Police: Target of Facebook hit fatally shot

Philadelphia: A Philadelphia man was gunned down hours after a judge upheld felony charges against his ex-girlfriend, who was accused of offering $1,000 on Facebook for someone to kill him. But with the teenager who allegedly took the bait already in custody, investigators said on Tuesday they aren't sure why the man was killed.

Louisville, Kentucky: The masked man who locked a fake bomb to the neck of an Australian millionaire's teenage daughter did not look like your ordinary violent criminal. The gray-haired attacker wielded a baseball bat but wore beige trousers and a light-colored dress shirt, rolled up at the elbows.

London: Lawyers and former executives have cast fresh doubt on the denials made by Rupert and James Murdoch over Britain's phone hacking scandal, raising the prospect that the media tycoon's son could be recalled for a new grilling by U.K. legislators.

Wednesday, August 17, 2011

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