GAIL rated as the Top Gas – Processing, Transmission and Marketing Company
30052014
GAIL rated as the Top Gas – Processing, Transmission and Marketing Company by Dun & Bradstreet
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राघव बहल ने भी नेटवर्क 18 को कहा अलवि
30052014
समाचार4मीडिया
To Me
Today at 3:28 PM
This message contains blocked images.
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Categories : Business, CSR, culture, Uncategorized
CAG says RIL charged more than approved gas price
30052014
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The Comptroller and Auditor General of India (CAG) has pulled up Reliance Industries for charging a rate in excess of the government approved price for its KG-D6 gas field and not including the marketing margin for calculating royalties and government’s share.
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The government had in October 2007 set a sale price of USD 4.20 per million British thermal unit based on the price discovered by RIL from key customers.
The CAG in a draft report of audit of RIL’s eastern offshore KG-D6 block spendings stated that the company charged USD 4.205 per mmBtu from consumers, leading to excess billing of USD 9.68 million. “As per the price discovery process undertaken by the operator (RIL.. it was categorically indicated that selling price would be rounded off to two decimal points.
“A review of records relating to sales of gas to consumers, however, revealed that the operator has been charging the gas price at the rate of USD 4.205 per mmBtu (three decimal points) from its consumers in place of USD 4.20 per mmBtu, arrived at after rounding of 2 decimal points,” CAG said.
This lead to an excess billing of USD 9.68 million in first four years of production beginning 2009-10. On top of this sale price, RIL charged a marketing margin of USD 0.135 per mmBtu to cover for its marketing risks.
“It has also been noticed that while computing the profit petroleum (government’s share of production) and royalty, the operator is considering the price of USD 4.205 per mmBtu instead of USD 4.34 being charged by him from the consumers, as the revenue earned through marketing margin is not being treated as revenue for the purpose of calculating cost recovery, profit petroleum and royalty,” CAG said.
A RIL spokesperson did not immediately offer any comments. RIL, CAG in the draft report said, had collected an amount of USD 261.33 million towards the marketing margin which has not been accounted for in the books.
“Consequently, cost recovery of USD 235.20 million (90 per cent) has not been adjusted in the recovered cost up to 2012-13 and there was a short remittance of government share of profit petroleum and royalty by USD 2.61 million and USD 13.12 million respectively for the year 2009-10 to 2012-13 to the Government of India,” the report said.
The CAG noted that the oil ministry had in December 2011 asked the Petroleum and Natural Gas Regulatory Board (PNGRB) to determine the quantum of marketing margin chargeable on sale of natural gas to end consumers by each marketing entity on the basis of its actual marketing cost. “The issue of marketing margin has not been decided till date,” it said.
The CAG said the oil ministry had in September 2013 had stated that the Production Sharing Contract (PSC) does not allow the contractor to separately charge marketing costs, either directly or indirectly.
“However, operator has charged a marketing margin on sale of gas at the rate of USD 0.135 per mmBtu over and above USD 4.2 per mmBtu but the same revenue was refused to be accounted by the operator in the financial statements.
“The financial impact of such refusal to account the marketing margin works out to USD 261 million, which is based on the cumulative gas sale,” the report added.
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Brazil promises ‘greenest World Cup’
30052014
Brazil promises ‘greenest World Cup’
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Brazil announced a package of pollution-cutting measures aimed at making this year’s World Cup more environmentally friendly, ranging from an emissions-trading scheme to a “green passport” smart-phone application.
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“We want to score green goals,” said Environment Minister Izabella Teixeira at a press conference announcing the initiative.
The World Cup and other major sports events generally leave giant carbon footprints. Building stadiums and infrastructure, flying in teams and fans, and hosting the games themselves all emit large amounts of Earth-warming greenhouse gases such as CO2.
Teixeira said this year’s World Cup, which runs from June 12 to July 13, is expected to directly add 59,000 tonnes of carbon to the atmosphere.
When indirect emissions linked to the tournament are included, the total rises to 1.4 million tonnes — just under half the footprint attributed to the London Olympics in 2012.
The government has launched a program to offset that pollution by asking companies to give carbon credits in exchange for the right to advertise themselves as official “green seal” World Cup sponsors.
The government has already offset 115,000 tonnes of emissions through such donations of carbon credits — a tradable permit to emit a certain amount of greenhouse gases.
“The Cup will open having offset 100 percent of its direct emissions,” said Teixeira, vowing to continue working for “the greatest possible mitigation” of tournament-related CO2 before the end of the year.
Together with the United Nations Environment Program, the government also launched a project called “green passport” to encourage football fans to practice environmentally sustainable tourism.
About 600,000 foreigners and 3.1 million Brazilian tourists are expected to descend on the 12 host cities.
Anticipating that many will want to explore the country between matches, the project proposes environmentally friendly travel itineraries from each host city, complete with a cell phone app. Brazilian supermodel Gisele Bundchen is the project’s official spokeswoman.
Teixeira said this World Cup is the first where all host stadiums will have LEED certification — Leadership in Energy and Environmental Deign, a sustainability seal of approval.
Other programs announced Tuesday aim to train garbage collectors on recycling and set up stalls to sell locally produced organic food in host cities.
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Boletín de Noticias de Nueva Tribuna [30/05/2014]
30052014
Nuevatribuna
To Boletín de Noticias de Nueva Tribuna
Today at 12:07 PM
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Categories : Business, CSR, culture, Education, Uncategorized
24 parliamentary secys inducted in Nagaland
30052014
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Five days after being sworn in as Chief Minister, T R Zeliang, who heads a 12-member ministry in Nagaland on Thursday inducted 24 ruling MLAs as Parliamentary Secretaries to oversee various government departments.
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In the 60-member state Assembly, the ruling Democratic Alliance of Nagaland (DAN) has 51 members with NPF as major constituent with 37 MLAs.
Pre-poll allies BJP and JD(U) have one member each while four NCP and eight Independent MLAs also joined the ruling front after the 2013 Assembly elections.
Zeliang took over as chief minister after Neiphiu Rios election as MP from Nagaland in the recent Lok Sabha elections. He was sworn in on May 24 along with 11 ministers.
Zeliang administered the oath of secrecy and office to 23 Parliamentary Secretaries, while one of them Vikho-o Yhoshu was not present due to pre-engagements.
Zeliang told the news agency after the swearing in ceremony held at State Banquet hall here today that Vikho-o had informed him about the prior engagement.
Out of the 24 parliamentary secretaries, Zeliang has retained 16 of them who were in Rios ministry.
The strength of DAN-III ministry under Rio was 12 and there were 21 Parliamentary Secretaries while 15 were made advisers and chairmen of various public sector undertakings in the state.
The Speaker and Deputy Speaker of the state Assembly are also from the ruling side.
Opposition Congress has only eight members while the Northern Angami-II Assembly Constituency has been declared vacant following Rios resignation
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Court imposes Rs one lakh penalty on Shahid Balwa
30052014
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A special court on Friday imposed a penalty of Rs one lakh on Swan Telecom promoter Shahid Usman Balwa, who had sought permission to withdraw answers given by him earlier to the court in the 2G scam case trial, while allowing his plea to record afresh his statement before it.
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Special CBI Judge O P Saini, however, did not allow the contention of CBI to cancel bail of Balwa, an accused in the 2G case.
The court passed the order on Balwa’s plea seeking permission to withdraw his answers given earlier during his deposition.
CBI had argued in court that Balwa’s plea was nothing but a “sinister design” to take the court for a “ride”.
During the arguments, Special Public Prosecutor U U Lalit had submitted that Balwa’s earlier contention that he had failed to understand the questions asked by the court under the provisions of CrPC was not an “inadvertent error” and it was a “smart and calculated” move.
He had also contended that it was a “breach of faith” reposed by the court on the accused and he must be fair to the court.
Balwa’s counsel, however, had submitted that it was only an inadvertent error and that nothing had been done deliberately.
On CBI’s contentions that bail granted earlier to Balwa may be cancelled, his lawyer had said it was not the case that his client has tampered with evidence or threatened any witness.
The counsel had also said that if the court feels that something wrong has been done, he was offering unconditional apology.
CBI had earlier sought cancellation of the bail granted to Balwa, facing trial in the 2G case, saying his conduct requires reconsideration and recall of the relief given to him.
Balwa had faced the court’s ire when it observed that he “deserved” to be taken into custody for his misconduct.
He had filed a plea contending that he will “not raise any question of prejudice caused to him on grounds of non- understanding of any question asked by the court.
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YuppTV brings the magic of Star Plus and Life OK to Australia
30052014
Hyderabad, May 29, 2014: Taking forward its plan to provide viewers in Australia a host of options when it comes to exciting television based action, YuppTV today announced the launch of premium Hindi Entertainment channels Star Plus and Life OK in the country. Viewers across Australia will now be able to watch their favorite Indian TV soaps and serials on the two channels.
The two Hindi channels are now available to Australian customers on YuppTV. Earlier, Star Plus and Life OK were made available to YuppTV Customers in the United States. Both channels telecast among the most watched and highly rated Hindi shows on Indian television.
Announcing the launch, Mr. Uday Reddy, CEO of YuppTV said,“We are pleased to take Star Plus and Life OK to YuppTV customers in Australiain keeping with our commitment to innovation and highly accessible content. The country has a significant Indian diaspora that loves to experience the best in entertainment from India.We are confident that TV viewers across the continent will be thrilled to view channels like Star Plus and Life OK.”
Ajit Mohan, Digital Head, STAR Indiasaid,“We are glad that YuppTV has launched Star Plus and Life OK in Australia, a significant overseas market for us. Audiences will now get an opportunity to enjoy watching leading shows from the channelson multiple internet enabled devices such as Smart TVs, STBs, Tablets, Smart Phones and PCs, all of whichare simple and instant.”
YuppTV continues to be among the world’s leadingOver-the-top (OTT)content players, delivering more than 170 Indian television channels worldwide in 11 languages that comprise Hindi, Tamil, Bengali, Punjabi, Marathi, Telugu, Malayalam, Kannada, Bhojpuri, Oriya and Assamese to its viewers.
About YuppTV:
YuppTV is a global leader in providing converged OTT (over the top) live TV and Video on demand Solutions. It is a six-year-old company with its headquarters in Atlanta, GA, and having branch offices in the USA and India.
The company through its platform is the leading OTT player delivering more than 170+ Indian TV Channels, more than 4500 videos (daily), Movies, Live Events and a lot more, to the six screens for Video content consumption i.e. Connected TVs, Internet STBs, Smart Bluray players, PCs, Smart Phones and Tablets. The service currently has one of the industry’s highest content usages per subscriber.
The YuppTV platform-as-a-service (PaaS) solution is YuppTV’s White Label OTT solution, which enables content owners, broadcasters, and mobile operators to deliver live TV and video-on-demand over six screens. For the first time, video content providers and operators have access to a turnkey, end to end, managed OTT solution for distributing and monetizing content – anywhere in the world at the lowest cost of ownership and delivery.
The mission of the company is to make it simple and instant for Broadcasters to deliver live TV and VOD anytime and anywhere in the world to any internet enabled device.
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Court frees 25 Cambodians
30052014Court frees 25 Cambodians charged with garment strike offences
A Cambodian court found 25 people guilty on Friday of acts of violence during strikes by garment workers. However, all were given suspended sentences and freed, Reuters said. The ruling is likely to be welcomed by global manufacturers operating in the country. The Phnom Penh Municipal Court judges convicted the workers, trade unionists and protesters of intentional violence including damage to public property during strikes in November last year and January 2014.
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Sisi is Egypt’s next president
30052014
Sisi won more than 90 percent of the votes and with the low turnout, face tough time as to take the popular measures to restore healthy economic growth, ease poverty and unemployment, and end costly energy subsidies in Egypt.
Sisi has lost the huge momentum he gained when he deposed Mohamed Morsi last year the incredible media campaign in his favour did not manage to rally people into going to the ballot boxes. In broader context Sisi is the strong man able to restore stability in Egypt and put an end to the ongoing turmoil. His critics, though, say he will be reproducing the regime of former president Hosni Mubarak, who was overthrown in the 2011 revolution.
Sisi will be Egypt’s next president, how well he address the country’s main problems make Egpytian usher in a new era in the country.
Sisi has lost the huge momentum he gained when he deposed Mohamed Morsi last year the incredible media campaign in his favour did not manage to rally people into going to the ballot boxes. In broader context Sisi is the strong man able to restore stability in Egypt and put an end to the ongoing turmoil. His critics, though, say he will be reproducing the regime of former president Hosni Mubarak, who was overthrown in the 2011 revolution.
Sisi will be Egypt’s next president, how well he address the country’s main problems make Egpytian usher in a new era in the country.
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Special Report to PM on MANMADE Power Crisis in North India
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Inexperienced BJP Government Weak – Hope for INC & AAP
30052014
Ravinder Singh
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Bulgarian center-left govt survives no-confidence vote
30052014
The center-left government of Bulgarian Prime Minister Plamen Oresharski survived a no-confidence vote in parliament on Friday, AFP said. The motion failed in a vote of 116 to 93 with the backing of the Socialist BSP party, their liberal partner Movement for Rights and Freedoms (MRF) and independent lawmakers. This was the fourth such motion submitted by the conservative opposition. It accused Oresharski’s cabinet of lacking a clear strategy for the country’s troubled e
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Categories : Media, Politics, Uncategorized, world News
Police fire warning shots to stop protesters in C. Africa capital
30052014
Security forces fired warning shots as protesters in Bangui demanded the resignation of the interim government and the removal of foreign troops from the Central African Republic on Friday, AFP said. Troops and police stopped the protesters gathering in the capital, who numbered in the thousands, and the demonstrators dispersed around an hour later. Bursts of automatic weapons fire were also heard in the central Bangui neighborhood that is home to the presidential palace, and in the area of the airport. The capital has experienced an upsurge in violence in recent days.
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Smriti Irani controversy : Much ado about nothing
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Double Bill at the Italian Cultural Centre -Saturday, 31st May 2014
30052014
ISTITUTO ITALIANO DI CULTURA DI NEW DELHI – INCONTRI IN BIBLIOTECA
Nuovo cinema Italiano/ New Italian Cinema: Opere Prime/Debut Films: 2008-2013
DOUBLE BILL at Italian Embassy Cultural Centre
Italian romance film directed by Valerio Mieli
DIECI INVERNI / Ten Winters
99 min., 2009
Saturday, May 31, 2014, 2:00 p.m.
Trama: Dieci anni nelle esistenze di Camilla e Silvestro, conosciutisi all’età di 18 anni su un vaporetto nella laguna veneziana, nell’inverno del 1999, e da quel momento ciclicamente amici, nemici, conoscenti, innamorati, vicini e distanti. Un’avventura vissuta tra Venezia e Mosca …
Synopsis: Winter 1999. Camilla, a young girl arrives in Venice from a village to study Russian literature. She notices a boy in the water bus. The boy, Silvestro is of the same age as Camilla. He too is just arrived in Venice and is also carrying a suitcase. The two start exchanging glances.When the water bus reaches the landing stage, he decides to follow the girl… Thus begins a ten-year-long adventure that sees the two live their student life in Venice and continue on to the alienating frenzy of Moscow .
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Italian Thriller directed by Luigi Lo Cascio
La città ideale / The ideal city
2012, 105 min.
Saturday, May 31, 2014, 4:00 p.m.
Trama: Michele Grassadonia è un appassionato ecologista che ha lasciato Palermo e si è trasferito a Siena , la sua città ideale, e da circa un anno ha cominciato un nuovo stile di vita, cercando di non utilizzare l’acqua corrente e l’energia elettrica. Una notte di pioggia, però, ……
Synopsis: Michele Grassadonia is a fervent environmentalist. A long time ago, he moved from Palermo to Siena , its ideal city. He has carried out an experiment in his flat for longer than one year: living in full self-sufficiency, without running water or electricity. On a rainy night, Michele gets caught up in a series of confusing and mysterious events. From this moment on, his joyful experience in the ideal city starts to waver.
Tessitori Hall of the Italian Embassy Cultural Centre in New Delhi
Entry Free: For security reasons please show your valid Photo Identity Card.
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50- E, Chandragupta Marg (Entry from Nyaya Marg)
Chanakyapuri, New Delhi – 110 021
Phone: 0091-11-26871901/03/04
www.iicnewdelhi.esteri.it
Chanakyapuri, New Delhi – 110 021
Phone: 0091-11-26871901/03/04
www.iicnewdelhi.esteri.it
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6.1 quake hits southwestern China
30052014
A 6.1 magnitude earthquake struck China’s southwestern Yunnan province on Friday morning, the USGS reports. The epicenter of the tremor was located at a shallow depth of 10 kilometers, just 27 kilometers from the town of Pingyuan in Yingjiang County. Local authorities sent a team of over 50 people for surveying, investigation, and disaster evaluation, Xinhua reported. There have been no immediate reports of casualties or damage. The county borders Myanmar and has a population of 300,000.
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Raghav, Rajdeep and Sagarika to resign as Reliance takes over Network 18
30052014
RIL to acquire control in Network 18 for Rs 4,000 crore
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In the biggest ever deal in the Indian media sector, Reliance Industries will take control of popular television news channels CNN-IBN, IBN7, CNBC-TV18 and Lokmat, and an entire clutch of ETV channels with a massive infusion of Rs. 4,000 crore into Network 18 Media and TV18 Broadcast Ltd.
News websites such as firstpost.com and ibnlive.com and the Colors entertainment channel will also be acquired.Reliance through its Independent Media Trust (IMT) would result in the trust having an ownership of 78 % in Network 18 and 9 % in TV18.
Binu Nair via Salim Vohra
7 hrs ·
Sold Out – Pre Paid Media??? Fooling Masses .
Network 18 managing director Raghav Bahl is likely to resign tomorrow.
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Network 18 managing director Raghav Bahl is likely to resign tomorrow.
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