Mid Quarter Monetary Policy Review (2013-14) Update

September 20, 2013

·         The policy repo rate under the liquidity adjustment facility (LAF) increased by 25 basis points from 7.25% to 7.5%.

·         Reduced the minimum daily maintenance of the cash reserve ratio (CRR) from 99% of the requirement to 95% effective from the fortnight beginning September 21, 2013, while keeping the CRR unchanged at 4%.

·         Consequently, the reverse repo rate under the LAF stands adjusted to 6.5% and the Bank Rate reduced to 9.5%.

·         Reduced the marginal standing facility (MSF) rate by 75 basis points from 10.25% to 9.5% with immediate effect.

·         The Bank Rate also reduced to 9.5%.

Warm regards,

Dr. S P Sharma

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20092013

92.7 BIG FM DELHI CELEBRATES BIRTHDAYS OF Legends

92.7 BIG FM DELHI CELEBRATES BIRTHDAYS OF THE MUSICAL LEGENDS LATA MANGESHKAR AND ASHA BHOSLE WITH SUREELA SEPTEMBER

 

THIS MONTH, ႏLLYWOOD KA SALAAM, ASHA AUR LATA KE NAAM⼯b>

 

92.7 BIG FM TO HUNT ᄥLHIⳠASHA AUR LATA⠉N AN EXCITING SINGING TALENT CONTEST

༯SPAN>

Delhi, September 19, 2013: September is considered the sweetest month in the Indian music industry as the countryⳊmost loved singing sisters were born during the month. Celebrating the lives and voices that have charmed millions of people for decades, 92.7 BIG FM has christened the special month Sureela September -Bollywood ka Salaam, Asha aur Lata ke naam. With this property, the station launches a host of activities to honour two of the most respected playback singers who have been IndiaⳊglory and pride for countless years with the message - Chahe jitney bhi naye singers aaye弢>Lata-Asha Hit the, Hit Rahenge.

The campaign will air exciting celebrity capsules on Lataji and Ashaji, playing some of the most special songs from HMV Records along with exclusive bytes from bollywood celebrities such as Dilip Kumar, Waheeda Rahman, Jaya Bachchan, Bhappi Lahiri, Kailash Kher, Abhijeet, Alka Yagnik, Kajol, Anup Jalota, Suresh Wadkar, etc. Apart from these celebs, 92.7 BIG FM will also air archived bytes of legendary stars like Madan Mohan, Kalyanjee, Noorjahan, Kishore Kumar, Mukesh, Yash Chopra, Nargis, Smita Patil, etc.༯span>

92.7 BIG FM will also run a trivia contest, where the winners will be invited for qualifiers to be held in different malls of Delhi NCR. Ten finalists will be chosen from the qualifiers and compete in the final round which will be held on September 29th. Two of DelhiⳠbest singers will be chosen and given the title of ἢ>DelhiⳊAsha Aur Lata⮠The winners will receive an opportunity to be part of the Sureela September with RJs at the 92.7 BIG FM Delhi studios for a day. The network will also reward the winners with an exciting prize and certificate.

Commenting on the celebrations, Mr. Ashwin Padmanabhan, Business Head 92.7༳pan style=”background-repeat:initial initial”>BIG༳pan style=”background-repeat:initial initial”>FM, said, ㍩llions of people all over the world are grateful to Lataji and Ashaji for adding something that is so special, to our lives. The sisters have enriched our hearts with some of the most beautiful songs the world has heard. It is our honour to celebrate their birth anniversaries through ᓵreela September – Bollywood ka Salaam, Asha aur Lata ke naam⼯i>. Owning to the success of the stationality ሩt The Hit Rahenge, ⼢>DelhiⳠAsha Aur Lata⼯b> is our endeavour to present to listeners with the perfect entertainment experience of timeless musical pieces. We are hopeful that our listeners will enjoy the month and together, honour the singing queens of India.伯span>

㔨e title ἢ>DelhiⳠAsha Aur Lata⠡ims at encouraging DelhiⳠhidden singers to come out and exhibit their their singing talent. The show will present an opportunity to women from all over the city and give listeners an enjoyable experience as well. We believe the show will go a long way in consolidating our position to serve the music interest of the audiences by playingevergreen retro classics䬠he added.

September will always carry a lot of significance as the legendary singers were born in the same month four years apart.Sureela September is an initiative by 92.7 BIG FM to honour IndiaⳠmost loved singing stars.

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Gangjee in the ‘driver’s seat’ in round three

20092013

Akshay hangs in there, Randhawa slips

Chandigarh, September 19, 2013: Rahil Gangjee was in the driver’s seat after round three of the PGTI Players Championship at Chandigarh Golf Club as he opened a three-shot lead courtesy a sublime five-under-67. The Kolkata golfer’s total score now stands at 11-under-205. Akshay Sharma of Chandigarh kept his hopes alive with a steady even-par-72 that placed him second at eigh-under-208.

Rahil Gangjee (67-71-67) fired his second 67 of the week to move up from overnight second position into the sole lead. Rahil, who was also the first round leader, had a bogey on the sixth due to a poor second shot but negated that with a birdie on the eighth where he holed a 12-footer.

Gangjee was then on a roll on the back-nine as he made a 15-feet birdie conversion on the 11^th and followed that up with an up and down from the bunker for birdie on the 13^th. The 35-year-old sank birdie putts from 45 feet and 15 feet on the 16^th and 18^th respectively and almost drove the green to set up another birdie on the 17^th. The winner of two professional titles, one each on the Asian Tour and PGTI, thus birdied the last three holes to end up with the day’s joint best score of 67.

“I drove the ball better today and made more fairways. I also converted more putts as I was quite comfortable on the greens. I just need to keep doing the same stuff in order to be right up there at the end. Akshay played really well. He can be a contender in the final round as it’s his home course and he knows the lines on the greens. He also got a taste of playing in the leader group today which will help him in round four,” said Gangjee, looking for his first title in five years.

Akshay Sharma (69-67-72), the overnight leader, held his own to close day three in second place. He made three birdies and three bogeys on Thursday. The highlights of his round were a 25-feet birdie putt on the eighth and a three-putt for bogey on the third.

     

The 23-year-old Akshay, who turned professional in 2011, said, “I played a steady round today and achieved my target of playing level-par. The aim was to avoid bogeys at any cost. I didn’t put too much pressure on myself despite playing in the leader group for the first time on the PGTI. In fact, I got to learn a lot playing alongside experienced professionals such as Rahil Gangjee and Sujjan Singh.”  

Md Zamal Hossain Mollah (72-70-67) of Bangladesh shot the day’s joint best score of 67 to be placed third at seven-under-209. Zamal made six birdies against a lone bogey. He was in excellent chipping form as he chipped-in for birdie on the 15^thand landed it within three feet on three occasions to set up birdies.

  

Delhi’s Chiragh Kumar and Chandigarh’s Abhijit Singh Chadha are in tied fourth at five-under-211 while another Chandigarh golfer Sujjan Singh occupies tied sixth position along with Om Prakash Chouhan of Mhow at three-under-213.

Randhawa makes a quadruple-bogey and an eagle

Jyoti Randhawa (68-74-74) fired a disappointing two-over-74 to slip from overnight tied 10^th to tied 15^th position with a total score of even-par-216. Randhawa’s eventful round featured a bogey on the first, a birdie on the third, a rare quadruple-bogey on the par-4 ninth hole and an eagle on the par-5 13^th. Jyoti hit it out of bounds twice on the ninth that led to his quadruple-bogey (8). He then recovered some lost ground by hitting the green in two shots on the 13^th and following that up with a 20-feet eagle putt.  

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India’s Role in Regional Co-operation

20092013

India’s Role in Regional Co-operation Is India Ready to Walk the Extra Mile? Thursday, September 26th 2013: 5.00 – 6.30pm iLead Auditorium-Kolkata

As India grows so does its international interests. However India’s core foreign policy imperatives still remain in its immediate neighbourhood. These are a peaceful periphery, which India believes is necessary for its development. For this, India wants its neighbours to join the Indian growth story so they can grow as well. How well has India been able to broaden the stakes of development among its neighbours, and will historical differences cast a shadow on regional cooperation? Is India ready to walk the extra mile to strengthen bridges of friendship and create new opportunities for growth, security and well-being of neighbours both bilaterally and through regional mechanisms? The panelists for this session are Amb. Aloke Sen, Former Ambassador to Myanmar,Major General (Retd) Arun Roye, AVSM, VSM-Founder Director of CENERS, Kolkata and Mr. Shiv Siddhant Narayan Kaul, Managing Director, Nicco Engineering Services Limited. Ms. Indrani Bagchi, Diplomatic Editor, The Times of India will moderate this session. Participation will be by prior registration only.

WHEN Thursday, September 26, 2013 5:00 PM  - 6:30 PM      Followed by High Tea        WHERE iLEAD Institute 113/C/1, Matheshwartala Road, Topsia,, (Ahead of Vishwakarma Building, /Park Regency), Kolkata – 700 046 (To see map and directions, please click here)         RSVP Thursday, September 26, 2013 by 10:00 AM

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Ambassador Aloke Sen – Former Indian ambassador to Myanmar Ambassador Aloke Sen was Indian envoy to Burma until July 2010, when he retired from the Indian Foreign Service.  He earlier held ambassadorial positions in Cambodia and Turkey.   His diplomatic experience spans more than three decades, during which he toured Bangladesh, Canada, Algeria and Uzbekistan, among other countries.  Between April-May 2011,  he was Ambassador-at-Residence at Calcutta University’s Institute of Foreign Policy Studies. Amb. Sen obtained a Bachelors’ degree with Honors in Economics from Presidency College and a Masters’ in English Literature from Bombay University.    Major General (Retd.) Arun Roye AVSM, VSM – Founder Director of CENERS, Kolkata (Centre for Eastern and North Eastern Regional Studies) Major Gen Arun Roye , a graduate of National Defence Academy, was commissioned into the 2nd Battallion the Rajput Regiment in 1967. He saw frontline action in Chhamb in 1971, with the 8th Jammu and Kashmir Light Infantry. The unit was the recipient of the highest number of gallantry awards in the Indian Army, and won two battle honours in the same operation. He commanded a frontline Mountain Brigade facing the Chinese on the Watershed in Sikkim, and went onto become the General Officer Commanding of the frontline Desert Division in Gujarat and Rajasthan during OP Parakram facing Pakistan. He held the appointment of the ADG Assam Rifles under the MHA in the North East.  He has also held the diplomatic assignment of Military and Defence Advisor in USA. He was designated as the senior member of the Joint Working Group with China on Anti- Terrorism by the MHA. Qualified in Higher Command from Army War College, a graduate in Defence Studies from Chennai University, he followed up his MBA from IIMM Delhi with a degree in Strategic Management  from College of Defence Management. He is presently the Executive Director and Secretary, of the Research Centre for Eastern and North Eastern Regional Studies Kolkata, CENERS-K for short.   Shiv Siddhant Narayan Kaul – Managing Director, Nicco Engineering Services Limited Mr Kaul is the Vice President of the Indian Chamber of Commerce and the Managing Director of Nicco Engineering Services Limited, part of the Nicco group of companies which has activities in cable manufacturing, theme parks and specialty industrial maintenance services. After school at St. Xaviers Kolkata, he received a BA from the College of Wooster and a MSE from Princeton University in the US. While at Princeton he taught as a graduate instructor and was published in The Journal of Alternative Investments. Mr Kaul worked for over 4 years in New York at Bank of America’s, Capital Markets Group, rising to be a Vice President of Fixed-Income trading prior to joining the Nicco Group in Kolkata.   Indrani Bagchi – Diplomatic Editor, Times of India Indrani is Diplomatic Editor with The Times of India, where she reports and analyses foreign policy issues for the newspaper. Indrani covers daily news on foreign affairs in the foreign office, as well as interpret and analyze global trends with an Indian perspective. She writes news stories as well as opinion articles, news features, a blog, “Globespotting” and a fortnightly column for The Times of India Crest edition. The subjects she covers are diverse: India’s neighbourhood, US, China, Pakistan, terrorism, nuclear weapons, national security issues etc. She joined the Times of India in 2004. Earlier, Indrani was associate editor, also covering foreign affairs for India Today. Indrani started her journalism career in The Statesman where she was the weekend editor, before moving to The Economic Times in Calcutta to edit the Metro Magazine. Having graduated from Loreto College, Calcutta University with English Honours, Indrani has been a Reuters Fellow, in Oxford University (1996). In 2010, India was awarded the Chang Lin-Tien fellowship by the Asia Foundation to study US-China relations at Brookings Institution, Washington DC. She is a Fellow of the Third Generation Class of Aspen India’s Leadership Initiative.

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North East Design Festival kicks off in Delhi

20092013

North East Design Fest kicks off in Delhi to showcase N E India talents to the world

- Bollywood stars Minisha Lamba, Sonal Chauhan walk the ramp supporting and expressing their solidarity to the talents of North East Region

New Delhi, 19 September, 2013: North East Design Fest - a mega four day festival comprising of Fashion shows, Cultural program and Exhibitions of Handloom, Handicrafts, Jute, MSME sector of the North East Region kicks off  in New Delhi today. The aim of the festival is to create an interaction of ideas, provide an international standard marketing forum and a unique platform to showcase NE IndiaⳠtextiles and artisans who have come not only with their handlooms, but also- Jute, Khadi, Coirboard, Assam Silk and handicrafts as well. The leading institute of Assam, North East Institute of Fashion Technology (NEIFT) is  organizing North East Design Fest which will be ongoing till 22 September, 2013.

Day one of North East Design Fest witnessed three fashion shows highlighting Handloom and Handicrafts Ensemble by designers Meghna Rai Medhi, Aji Semy Rengma and Mona Pali. The inaugural performance of the festival was a Sattriya Dance performed by Sanjukta Barooah. Rock band group Featherhead performed folk & rock fusion.

North East Region of the country with the eight beautiful, exotic and to an extent unexplored states of Assam, Arunachal Pradesh, Tripura, Meghalaya, Nagaland, Manipur, Mizoram and  Sikkim has a strong history of its traditional textiles and handicrafts which forms an integral element of  its socio- economic structure of the societies.

The festival will act as a curtain raiser to showcase the talents of Designers, Performing artists, Artisans, Craftsmen, Weavers coming from different parts of the versatile North East region. People of the capital will get an opportunity to interact with this wonderful talented young visionaries and this shall create a bridge of understanding and mutual growth of thought process between NER and mainstream.

North East Design Fest was inaugurated by  Srimati Pranatee Phukan, Minister of Handloom and Textiles Government of Assam.

Delhi Fashion connoisseurs rarely gets an opportunity to witness talented designers from NER like Aji Semy, Meghna Rai Medhi, Boney Darang, Rinzing Choden, Charlee Lalthlenmawia, Melody Runremsangi, Vianney Nongrum, etc who will create kaleidoscopic magic in psychedelic coloured weaved textiles and crafts of the rich traditional design methodology of NER.

To create a fusion of Pan India and NER, designers such as- Meghna Rai Medhi, Boney Darang, Charlee Lalthlenmawia, Monapali, Agnimitra, Gauranga have been roped in to  display their collections along with the NER designers. Bollywood stars Minisha Lamba, Sonal Chauhan with others walked the ramp supporting and expressing their solidarity to the talents of North East.

Mr Vikram Rai Medhi, Event Director said, ㅩghty number of stalls being erected at Select CITYWALK which will showcase and create a mini North East for cross section of the society of Delhi and this will create an element of positive awareness and curiosity of our region which will thereby also play a role in the development in the Tourism sector. We appeal to all culture loving people of Delhi and the media to wholeheartedly support this humble and sincere effort closer to the mainstream.伯span>

The festival is presented by Ministry of Textiles with the support of Ministry of MSME, Ministry of Home Affairs – departments of Handloom and Textiles of govt. of Assam & govt. of Arunachal Pradesh in association with Select CITYWALK.

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20092013

Press Invite:

Gulail is releasing a path-breaking investigation into the shocking subversion of truth and justice by the Maharashtra ATS.

The half an hour film cut from over 10 hours of sting footage will be shown at 3pm at Marathi Patrakar Sangh, Azaad Maidan, Mumbai, on the 20th September 2013.

Please send your representative/reporter to cover the event.

Ashish Khetan
Editor, Gulail.