Site directory | Today's news | Film reviews | likhaai | nukkad | Stocks | Discussion boards | Photos | Puzzles
Restaurant Guide | Train Guide | Bus Guide | Mumbai Information | Image Galleries

About us | Advertise here! | Feedback | Donate

Sponsored Links: Articles on travel within India and USA-specific tips | Continuing Education In Acupuncture and Oriental Medicine

Mumbai-Central.com

Where Mumbaikars meet

Top: The Mumbai Grapevine: Past issues (archive)


[Grapevine] For 17 Mar, 2010



The Mumbai Grapevine
Connecting Mumbaikars with Mumbai
(Published by Mumbai-Central.com)


Please feel free to forward this message to your friends and co-workers who might be interested in it. The instructions to join the Mumbai Grapevine are at the end of the message.

______News_______

  • Maya defiant, BSP says only currency garlands for her
  • TN moves apex court again on Mullaperiyar row
  • Ten separatists taken in preventive custody in J-K
  • After Maya, Bihar MP garlanded with currency notes
  • Indian boxers make a clean sweep at C'wealth C'ship
  • Born-again Bangalore has edge over depleted Royals
  • Orissa enters Women's football semi final
  • Mamta Kharab accuses HI of showing apathy
  • 'Inflation in worrying zone, to moderate in 2 months'
  • IMF pegs India's FY11 GDP growth at 8pc
  • 'It's up to LIC to decide on entering banking'
  • Sensex nears 17,500-level, gains 107 points
  • Market Indices
  • Currency Rates



    Maya defiant, BSP says only currency garlands for her

    Lucknow, Mar 17 (PTI) Brushing aside the opposition outcry, Uttar Pradesh Chief Minister Mayawati today displayed brazen defiance again by getting herself garlanded with currency notes valued at Rs.18 lakh.

    Even as the controversy triggered by the garland of Rs.1,000 notes worn by her on Monday raged across the political spectrum, Mayawati appeared at a meeting of her party leaders here and put up a defiant show.

    Parliament was rocked by the issue on Monday and Tuesday with BSP's opponents disrupting proceedings and demanding action against Mayawati. The Income Tax department also said it would probe the issue.

    As a fall-out of the controversy, Karnataka BSP spokesman Y N Sharma, who on Monday disclosed that it was a garland of currency notes, was today sacked from the post. He said he was being made a "scapegoat".



    TN moves apex court again on Mullaperiyar row

    New Delhi, Mar 17 (PTI) Tamil Nadu government today urged the apex court to recall its earlier order constituting an empowered committee to review the safety aspect of the Mullaperiyar dam in Kerala.

    Justice D K Jain, heading the five-judge Constitution Bench which passed the order, however, said he would need to consult the other judges before passing any order on Tamil Nadu's plea.

    The judge pointed out that the earlier order constituting the empowered committee with former Chief Justice of India A S Anand as its head was passed with the consent of the two states and as such he needs to consult the other members of the bench on the state's recall plea.



    Ten separatists taken in preventive custody in J-K

    Srinagar, Mar 17 (PTI) At least 10 separatists of different organisations were detained by police after they staged demonstrations and violated prohibitory orders here today, officials said.

    Activists of Democratic Freedom Party (DFP), Awami Action Committee (AAC), Salvation movement, Muslim Khawateen Markaz (MKM) and Peoples Political Party (PPP) staged demonstrations at Lal chowk demanding release of executive member of Hurriyat Shabir Ahmad Shah and others.

    Shah was among three separatist leaders who alongwith over 24 youths were arrested last month under Public Safety Act as part of a crackdown launched by police to check stone pelting incidents in the city.

    Salvation Movement chairman Zaffer Akbar Bhat and his two supporters have been detained, they said.

    Police took seven leaders, including acting chairman of DFP Mohammad Abdullah Tari, PPP chairman Hilal Ahmad War, MKM chief Zamrooda Habib and senior leader of AAC Farooq Sodagar, into preventive custody.



    After Maya, Bihar MP garlanded with currency notes

    Patna, Mar 17 (PTI) Close on the heels of the controversy over garlanding Mayawati with currency notes, a Bihar MP was today honoured in the same way here for opposing Women's Reservation Bill in Rajya Sabha.

    Expelled JD(U) member Ejaz Ali was garlanded with currency notes worth Rs 1 lakh by his supporters when he landed from New Delhi at the Jayaprakash Narayan International Airport here.

    However, the garland was snatched later by someone in the crowd.

    Ali described the incident as the handiwork of people opposed to his rise in politics, and told PTI, "Had they been my supporters, they would have behaved decently and not taken away the currency notes from the garland."

    Ali was recently expelled from JD(U) for his alleged anti-party activities.



    Indian boxers make a clean sweep at C'wealth C'ship

    Poonam Mehra

    New Delhi, Mar 17 (PTI)
    World number one Vijender Singh (75kg) fought through a bleeding nose to clinch his first international gold medal in two years as Indian pugilists made a clean sweep in the finals to win the overall team title at the fifth Commonwealth Boxing Championships here today.

    With Asian champion Suranjoy Singh (52kg), South Asian Games gold medallist Amandeep Singh (49kg), Asian silver medallist Jai Bhagwan (60kg) and Paramjeet Samota (+91kg) also triumphing in the finals, it turned out to be an all-win day for the hosts in front of a houseful crowd.

    The gold rush started early for the Indians when Olympian Dinesh Kumar (81kg) got a walkover against Scot Callum Johnson, who was declared medically unfit due to a right wrist injury this morning.

    In the last bout of the day, Olympic and World Championship bronze medallist Vijender thrashed England's Frank Buglioni 13-3 despite a bloodied nose.



    Born-again Bangalore has edge over depleted Royals

    Bangalore, Mar 17 (PTI) Born-again Royal Challengers Bangalore will have a clear edge over an injury-ravaged Rajasthan Royals when they locks horns in the third Indian Premier League here tomorrow.

    The home side had a rather poor start to their IPL III campaign with a comprehensive seven-wicket defeat at the hands of Kolkata Knight Riders but Anil Kumble and his men showed tremendous resilience and batting prowess to tame Kings XI Punjab in yesterday's high-scoring humdinger to be back on track.

    In contrast, the 2008 champion Royals have lost both their matches so far and losing Graeme Smith and Dmitri Mascarenhas has further depleted the Shane Warne-led outfit.

    The hosts are on a high after chasing down a 200-plus total against Kings XI Punjab that not only boosted their confidence but also spoke volumes of their batting might.



    Orissa enters Women's football semi final

    Imphal, Mar 17 (PTI) Sasmita Mallick unleashed a flurry of goals to help Orissa defeat Haryana 5-0 and reach the semifinals of 18th Senior Women's National Football Championship from Group-B at Khuman Lampak main stadium ground here.

    Mallick scored as many as five goals.

    In group A, host Manipur and Tamil Nadu had already entered the semi final.



    Mamta Kharab accuses HI of showing apathy

    New Delhi, Mar 17 (PTI) Recovering from a knee surgery that rules her out of action for the next five months, ace forward Mamta Kharab today alleged that Hockey India has dumped her in her hour of crisis, not even bothering to inquire about her health after the operation.

    Mamta, who suffered a knee injury at a training camp in Bhopal and underwent a major surgery in Mumbai last week, is almost certain to miss the World Cup in Argentina and the Delhi Commonwealth Games later this year.

    More than the surgery, Mamta said, it was Hockey India's apathy which pained her more.

    "I got injured during an evening practice session and a MRI on left knee confirmed damage to the cartilage. I had gone through the surgery under the supervision of Dr Anant Joshi, who has advised me complete bed rest.



    'Inflation in worrying zone, to moderate in 2 months'

    New Delhi, Mar 17 (PTI) With inflation near the double- digit mark, Planning Commission deputy chairman Montek Singh Ahluwalia today it has entered the "worrying area" but hoped that the soaring prices will calm down in the next two months.

    "Six months ago we were saying that inflation is going up but is not in a worrying zone. (But) clearly inflation has become much more (entering) into the worrying area (now)," said Ahluwalia.

    On the possibility of inflation crossing the double- digit mark, Ahlwualia said, "it is so close to 10 per cent that it is not very important if goes a little above.

    "Nobody can predict what would happen one month later, but one thing, I am sure about, is that over the next two months I expect to see inflation coming down. And I don't think that it would remain in the double-digit area for any extended period of time.



    IMF pegs India's FY11 GDP growth at 8pc

    Washington, Mar 17 (PTI) The International Monetary Fund (IMF) expects the Indian economy to grow by 8 per cent during 2010-11, though high inflation and rising fiscal deficit would continue to remain areas of concern.

    "With India's long-term prospects remaining strong and private sector balance sheets sound, we expect growth to be back at potential in 2010-11 even if advance economies grow below trend," IMF said in its latest paper issued after consultation with Indian authorities.

    The Fund, however, forecasts a moderately lower growth rate for the 2011-12 fiscal at 7.7 percent.

    For the current fiscal, the fund said the economy would grow by 6.7 per cent, much lower than the 7.2 per cent projected by the Central Statistical Organisation.

    The major areas of concern, according to IMF, are the rising inflation and high fiscal deficit. "On the downside, the main risks are elevated inflation and financing constraints...



    'It's up to LIC to decide on entering banking'

    New Delhi, Mar 17 (PTI) The finance ministry today said the board of the state-owned Life Insurance Corporation (LIC) will have to take a call on entering the banking sector.

    "The LIC board will have to decide that first. Let the board decide, discuss and debate whether LIC should get into the banking business or not," financial services secretary R Gopalan said when asked whether the largest insurer is keen to enter the banking space. Gopalan was talking to the media on the sidelines of a Ficci seminar on microfinance here.

    Presenting the budget, finance minister Pranab Mukherjee said RBI could allow more entities, including NBFCs, to set up banks, since then speculation has been rife that LIC's housing finance subsidiary is eyeing banking licence.

    "We need to ensure that the banking system grows in size and sophistication to meet the needs of a modern economy.



    Sensex nears 17,500-level, gains 107 points

    Mumbai, Mar 17 (PTI) The stock market continued to rally for the second straight day today with the benchmark Sensex surging by 107 points to its best close in two months on good support from global equities and handsome buying in ICICI Bank counter.

    The 30-share index gained 106.90 points, or 0.61 per cent, to 17,490.08 points, its best close since January 18.

    Yesterday, the barometer had gained nearly 218 points.

    Brokers said the Indian markets are mirroring the global equities and foreign fund flows post the Union Budget took the market above the 17,500 point mark in the intra-day trade.

    "Positive global cues and yesterday's buying trend helped the market to clock gains today too. After the upward trend for two consecutive sessions, the market will digest some of the gains in the coming sessions," Sharekhan Head Research Gaurav Dua said.

    The index has gained 6.


    ______Market Indices______

    Index Value Change
     
    BSE 30 17,490.08 Up - 106.90 (0.61%)
    AUTO INDEX 7,599.53 Down -  32.10 (0.42%) 
    BANKEX 10,346.99 Up - 84.08 (0.82%)
    BSE - 100 9,256.65 Up - 53.44 (0.58%)
    BSE - 200 2,187.94 Up - 12.23 (0.56%)
    BSE - 500 6,878.28 Up - 34.81 (0.51%)
    BSE - CAPITAL GOODS 13,994.39 Up - 130.11 (0.94%)
    BSE - CONS. DURABLES 4,158.87 Down -  2.95 (0.07%) 
    BSE - FMCG 2,814.37 Down -  0.27 (0.01%) 
    BSE - HEALTHCARE 5,170.66 Up - 84.29 (1.66%)
    BSE - INFOTECH 5,514.88 Up - 44.64 (0.82%)
    BSE Mid-Cap 6,734.36 Up - 11.47 (0.17%)
    BSE PUBLIC SECTOR 9,126.18 Up - 182.47 (2.04%)
    BSE Small-Cap 8,457.61 Down -  11.55 (0.14%) 
    BSE TECK INDEX 3,379.53 Up - 25.69 (0.77%)
    METAL INDEX 17,751.82 Up - 207.89 (1.18%)
    OIL & GAS INDEX 10,083.15 Up - 0.20 (0.00%)
     
    S&P CNX NIFTY 5,231.90 Up - 33.80 (0.65%)
    S&P CNX DEFTY 3,993.45 Up - 40.90 (1.03%)
    CNX NIFTY Junior 10,542.40 Up - 34.20 (0.33%)
    S&P CNX 500 4,304.20 Up - 30.55 (0.71%)
    CNX MIDCAP 200 7,569.85 Up - 51.10 (0.68%)
    BANK NIFTY 9,188.40 Up - 85.45 (0.94%)
    CNX IT 6,143.00 Up - 40.25 (0.66%)

    ______Currency Rates______

    1 U.S. $ 45.545 INR
    1 Japanese Yen 0.5003 INR
    1 British Pound 69.536 INR
    1 Canadian $ 44.788 INR
    1 Singapore $ 32.540 INR
    1 UAE Dirham 12.340 INR
    1 Saudi Arabian Riyal 12.086 INR
    1 Euro 62.415 INR
    1 Qatar Rial 12.454 INR


    Replies to this newsletter are not monitored.

    You can join/leave this newsletter through the form at
    http://www.mumbai-central.com/grapevine/#options

    Subscribe to the Mumbai Grapevine newsletter

    Use the the form below to subscribe or unsubscribe to the list.

    Your e-mail:

    Choice:
    Subscribe
    Un-subscribe


    Main Index

    Get notified about site updates
    To get updates about the Mumbai-Central.com site via email (only 1-2 messages per month), sign up!





    Created and maintained by us