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3 Landran students hurt in attack
Mohali, May 22 The three — Harpreet Singh, Navraj and Sandeep Singh — were grievously injured and were admitted to the hospital. Harpreet is said to be in a critical state with three fractures and head injuries and has been shifted to the PGI. The attack, which lasted for over half an hour in the hospital, is said to be the result of an old rivalry between two groups of junior students of the college. The three students who were attacked were senior students of MBA-II and had apparently been trying to help the two groups reach a compromise. The police said Navraj was returning home from the college this afternoon when he was reportedly waylaid by over 20 students near Sector 70. The group carrying batons, swords and bats allegedly attacked Navraj and injured his jaw. Navraj called his friends Harpreet and Sandeep for help who rushed him to the Civil Hospital, Phase VI. While the hospital staff was tending to Navraj in the emergency room and Sandeep and Harpreet were waiting outside, the group reached the hospital and attacked the three again. Badly injured Harpreet managed to lock himself in the bathroom. Before leaving the hospital, the attackers left their weapons in the vehicle of the victims, which was parked outside the hospital. The police has registered a case against the attackers but the victims have not named anyone as yet. No arrests have been made so far.
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Medicos begin relay fast
Chandigarh, May 22 Resident doctors and students of Government Medical College and Hospital, Sector 32, (GMCH-32) sat on an indefinite relay fast this evening after an eventful day which saw door-to-door campaigning, burning HRD Minister Arjun Singh’s effigy and rallying for support in the city markets. The day began with a procession which marched from GMCH-32 to the sector’s market where the protestors burnt an effigy of the HRD Minister. The Chemist Association of the market supported them by closing their shops till the protest lasted. The relay fast was started by a 13-member team in the evening. The team members, were Preeti, an intern, Dr Pooja Dhir, Dr Pooja Bansal, Dr Loveleen, Shweta, Dr Manisha, Krishan, Manu, Rajan, Dr Amit, Dr Naveen, Amit Malik, Anshul. A spokesman for the GMCH-32, Dr Kashmiri Lal, said the relay fast was the first step in intensifying their struggle. “We will take one step at a time and see the reaction of the powers-that-be. They have to listen to us. We are also planning to set up parallel OPDs on the lines of resident doctors of the PGI in a couple of days,” he stated. Doctors of the PGI, on the other hand, held their parallel OPD and ran a special clinic on hypertension despite the inclement weather besides reaching out to various organisations for support. Being the first day of the week, the parallel OPD witnessed a heavy rush as patients queued up to be seen by the doctors. The venue, however, was shifted to the entry of the New OPD Block on account of rain in the morning. While they examined a total of 708 patients in seven specialities, 58 patients were examined in the special clinic. “Given the favourable response to our clinic, we will hold three more special clinics tomorrow. Also, we will hold a scooter rally to religious places. We will visit Mansa Devi and Nadda Sahib to pray that good sense prevails and the UPA government decides on a roll-back of the proposed reservation. A blood donation camp is also being planned,” Dr Anand Vinekar of the Association of Resident Doctors said. The association’s call for a blackout, was well-received especially in markets and student-intensive sectors of Panjab University, the PGI Sector 15. Individuals, too, supported their cause by putting off their lights. Meanwhile, the PGI authorities, too issued a press note saying that 566 patients, including 67 in the Nehru Hospital and APC Emergency were registered in the OPDs and were seen by faculty, sponsored candidates and pool officers. A total of 18 operations were performed in the various OTs and 724 patients are presently admitted to the PGI.
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IT Park gets SEZ status
Chandigarh, May 22 The Union Ministry of Commerce and Industry has issued a notification to this effect. The sector-specific Special Economic Zone IT Park has been set up for electronics and hardware, Information Technology and Information Technology enabled services at Kishangarh village. Meanwhile, the Chandigarh Administration has also decided to apply for extension of the SEZ scheme from Phase I to Phase II of the park.
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Cable charges hiked
Chandigarh, May 22 The staff on bill collection duty is facing objections of residents, who say the hike has become too frequent. Cable operators maintain that they have no option as the hike comes in the packages they purchase from channels. Customers will pay monthly charges of Rs 300 in a majority of portions of Sectors 15, 18, 19, 21, 27 and 28, besides certain other parts of the city. Customers in the areas around Sector 38 (West) will have to pay Rs 250. Customers in villages, earlier paying Rs 150 per month, will now have to pay Rs 180. A hike has also been reported in the southern belt. Mr Sunil Mahajan, an office-bearer of the Cable Operators Association, said, “An average hike of Rs 20 was being levied by different cable operators. There are reports of a Rs 50 hike in certain parts of the city. This is not much, going by the hike in the channel packages given to us. We have only transferred the package costs levied on us”.He said a portion of the total hike, nearly Rs 5, was on account of higher service tax. It was 10.2 per cent earlier and had now been hiked to 12.4 per cent. Star, Zee, Sony and sports channels were the main television channels offering programme packages. Residents are complaining that they do not get any circular in advance, telling them about the hike. Mr C.L. Aggarwal, a resident of Sector 38 (West), said “One fine day, these boys land at our doorstep and ask for a hiked price. Residents should be informed well in advance about any hike and also about the reasons behind the move. The issue needs to be taken up by residents welfare associations in the first place”. Ms Shamita Dhingra, a resident of Sector 41, said, “More and more people are going in for dish antennae these days because it is a very economical venture. The subscription fee for the channels is very less. Doordarshan also has its dish antennae, which offers at least 15 more channels, besides its share of television and radio channels”. A cable operator said, “Dish antennae cannot match the number of channels shown by cable operators for less than Rs 10 daily. Consumers can enjoy the widest range of television channels available. Dish television does not offer Star TV, which is among hot favourites at the moment”. A resident of Khuda Lahora said, “Not just me, many others who live a little far from the main population area, particularly villages, have to go in for dish television”. Mr Ajit Gupta, a manager in a consumer goods company, said, “I think dish television will soon get more popular because the technology is good and not very expensive. Channels too are increasing daily”.
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Students’ spat turns ugly
Mohali, May 22 The incident which took place on May 15 in the hostel was reported by one of the girls to the police, who promptly booked the other girl along with the hostel warden and another 10 girls of the hostel. As a result, the institute was forced to hold a press conference today with an aim “to bring facts before the public”. According to the Chairman, Army Institute of Law, Major-General S. K Sinha, on May 14, Pritika Kumar, a fourth year student, slapped Pragya Rathore, a third year student. Pragya reported the incident to the warden, who asked both the girls to give their written statements. On the morning of May 15, the incident was reported to the institute authorities and both the students were counselled. As per the statement of Pragya , on the night of May 15, she was again provoked by Pritika . Consequent to this, Pragya allegedly slapped Pritika. Sources added that this led to a full- fledged scuffle. Some students and the hostel warden reportedly tried to stop the scuffle. On the evening of May 17, Pritika Kumar, along with two other girls went to the police station, Phase VIII, Mohali, on the pretext of getting herself checked up at Fortis Hospital, and lodged a FIR against 11 girls and warden. She reportedly told the police that a group of girls led by Pragya had bashed her and the hostel warden, too, had joined in beating her up. She had received injuries also. Stating that the college would provide all assistance to the law authorities to conduct an inquiry, the Chairman said after the inquiry, appropriate action would be initiated against all those found guilty.
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CBSE
Class XII results today
Chandigarh May 22 The school heads can collect the same from the DEO Office the same day and time, personally or through a duly authorised person with an authority letter”.
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Who inspired you to take on this adventure sport? Actually, it was my father who introduced me to the challenges of nature during my childhood. He used to take me for mountaineering, rafting and forest camps those days, which led me to develop interest in adventure sports. Besides facing the hostile and extreme conditions of the North Pole, have you come across any unusual thing during the expedition? Yes, we (the five-member team) saw a family of polar beers, which was just 200 metres away from us. The polar beers are known for attacking human beings so it was also scaring as well as thrilling to find them so near. What are your other achievements in the sport? I have the distinction of being the first Asian to have rafted and kayaked some of the most challenging rivers in six continents of the world. I am also a qualified climbing instructor from the French National School of Alpinism and Skiing and have scaled the challenging heights of Indian Himalayas, French Alps and Africa. — Akash Gahi
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Chandigarh Calling The city has heaved a sigh of relief with the welcome showers coming up in the last week of May. The Monday morning rain brought some respite from the sweltering heat wave that rocked the city and its surrounding areas. Clouds gathering in the summer sky at night were a pleasant sight. Last week, the thundershowers were a gift and not a bolt from the blue. However, monsoon is still a long time away and this rain should not be mixed up with pre-monsoon showers. The Meteorological Department has it that these showers are being caused by upper air cyclonic circulation. Thankfully, these have meant a fine chilling out in May. Breaking free
Very recently, shrieks of maniacal laughter could be heard at the gate of Sacred Heart Convent School, Chandigarh. As the onlookers wondered what was making the young students chuckle delightfully, their parents smiled a knowing smile. Yes, it was something the students had been eagerly waiting for— the summer holidays: The time to break away from the monotonous school days and have some fun. And symbolic of having some respite from the tyrannical inkpots, pens, pencils and notebooks was their kicking off their water bottles. Many parents had come to fetch their bundles of joys themselves rather than sending the drivers. The students ran out excitedly, almost forgetting the deadly sun scorching their backs. Well, they were wild yes, but the inspiration was strong enough.
Save water
“Save water, save life”, says a chart prepared by the Chandigarh-based Environment Society of India. The charts will be distributed among schools to sensitise schoolchildren about the importance of water. With the rise in population, change in lifestyle and urbanisation, the groundwater is sinking to new depths. The chart says 97 per cent of the water on the earth, found in oceans, is saline and cannot be directly used for consumption. Out of the remaining 3 per cent, 2 per cent is in the form of glaciers, ice caps and moisture in the atmosphere. What actually remains available for human consumption is only 1 per cent of the total water. Out of this, about 0.66 per cent is available in the form of groundwater, while the remaining is present in the form of freshwater in rivers and lakes. At present, the water is available in most parts of City Beautiful at 50m in deeper aquifers. The chart also gives tips to conserve water and benefits of rainwater harvesting.
Avid writer
Bankers can be avid writers too. Mr S C Dhall, a senior banker in the State Bank of Patiala, has a distinction of writing over 700 articles on banking, published in leading magazines and economic dailies. He says that he was always fond of writing, and has been writing articles for more than a decade now. He is a regular contributor for Economic Times, Financial Express and magazines like Women’s Era, Outlook and Alive. Besides this, Mr Dhall has also received awards for best public relations work and marketing, and acclaimed as the Best Banker at Kalka.
B’day bash
When it comes to making a party interactive, Punjabis have a distinctive style. A birthday party in Panchkula recently gave us some tips on how to make a party peppy and participatory. Besides thumping music and gourmet food, the invitees had one more reason to stick to the venue from the beginning to the end as the host kept throwing funny and witty questions at the unsuspecting audience and with the right answer came a nicely wrapped gift. If someone carrying the maximum number of credit cards got a gift from the host, then so did the one who kept his wife’s photograph in his wallet. For women, anyone who wore the highest stilettos to the one who wore a nose ring on the right side managed to bag gifts. So next time you accompany your child to his or her best friend’s birthday bash, go prepared. You never know there might be something in store for you too!
Traffic turmoil
Rash and reckless driving rules the roost on the city roads. Traffic light signals are obeyed only if the traffic policemen are around. otherwise jumping the lights is common. High-risk overtaking, in the face of opposite traffic approaching very near and from the left side, continues unabated. Patience seldom comes out on the roads. Most motorists, especially car-drivers and bikers, move about the city at breakneck speed. Those who follow traffic rules and drive cautiously fall victim to their fellow drivers. Special drives to check over speeding serve little purpose. The traffic police must take stricter action against the stubborn offenders. Contributed by Sunil Minocha, Anandita Gupta, Vishal Gulati, Parbina Rashid, Ruchika M. Khanna& Tarundeep Aggarwal
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City to get 3 MW power from NHPC
Chandigarh, May 22 Power supply from the project is expected to be available to the city by December this year. UT Finance-cum-Engineering Secretary S.K. Sandhu and NHPC Chief Engineer (Commercial) V.K. Jain signed the agreement on behalf of the Chandigarh Administration and the NHPC, New Delhi, respectively. It is pertinent to mention here that the city has no power generation of its own. To meet the power requirement, the UT purchases power from the BBMB, the NTPC, the NHPC and the NPC. The demand for power has increased tremendously. When the UT was created, the peak demand was only 13 MW and power requirement was 1.38 lakh units per day, but with time the peak demand had gone up to 264 MW whereas the requirement during summer had touched 41 lakh units per day.
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Fauji Beat It is heartening to learn that the Pakistan Army, which bifurcated from the Indian Army in 1947, has also started recruiting women in its administrative wings, albeit, 14 years after India embarked on this venture. By and large, our experiment has been a success. At the time of induction of the US forces into Saudi Arabia in 1990, a former Marine officer, who turned journalist, said: “Women could play their part in the rear areas, but soldiering was something best done by men”. This was proved true in the Gulf war. Among the US troops in the Gulf war, 8 per cent were women. They not only contributed their share to the victory of the allied forces but also figured in the list of casualties and POWs. Of the 13 women killed, five were battle casualties. Two women, who became POWs, had a horrifying and unspeakable experience at the hands of the Iraqis. The indecent sexual assault of these women POWs had put a question mark on the feasibility of women being allowed to go to combat. Thereafter, the American Army did not take the risk of putting women in frontline soldiering. Despite their derring-do it is their gender that puts women at a great disadvantage in battle. Admittedly, no country can reconcile to its women soldiers being sexually violated in battle. Combat soldiering should, therefore, be counted out for them. They should, undoubtedly, continue to play their rightful role in the administrative wings of the three services. Financial assistance
There are about 83,000 World War II veterans registered with the Zila Sainik Boards in the country. Some of them, who could not complete their pensionable service, are living in a state of neglect and destitution. In view of this, the grants as under are given to them from the Defence Minister’s Discretionary Fund:- (a) Daughter’s marriage grant Rs 8,000 (b) House repair grant Rs 10,000 (c) Medical grant Rs 15,000 (d) Monthly grant (only for two years) Rs 1,000 per month Those veterans who are suffering from serious diseases and cannot be treated at military hospitals are also given financial assistance for treatment in the civil hospitals, provided they have not availed of such financial help from any other source. Most of the World War II veterans feel that they are not getting a fair deal from the government. This feeling must be removed from their minds by giving them a better treatment in the way of welfare benefits and financial aid.
Irregularities by patients
Some cases have come to notice where the Exservicemen Contributory Health Scheme (ECHS) patients have got treatment at the empanelled hospitals without going through the polyclinics. Not only that, in certain cases, they have also made cash payment for their treatment to the hospitals and then asked the polyclinics to reimburse the amount paid to the empanelled hospitals by them. The patients cannot make payment to the empanelled hospitals as per the ECHS rules. The ECHS patients, no doubt, can report directly to the empanelled hospitals in an emergency. But in such cases, the patients or their wards must inform the polyclinics within 48 hours of admission or outdoor treatment. Under no circumstances should the patients make any payment to the empanelled hospitals as the bills, according to the rules, are to be paid by the ECHS authorities.
Army adopts children
In keeping with the helping attitude of the Army, the Dera Baba Nanak (DBN) Brigade has adopted two orphaned girls, Harpreet Kaur and Love Preet Kaur. Harpreet Kaur, who is from Gurdaspur, is suffering from a heart disease. The Army, after getting her checked up by a team of doctors from the Escorts Heart Institute, has taken the responsibility of her treatment. Love Preet Kaur, who is from Gaggo Mahal village in Amritsar, has been admitted to an International Public School. The DBN Brigade will meet all the expenses on their living, education and medicare until they get married.
— Pritam Bhullar
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India, Pak traders show interest to enhance commercial ties Chandigarh, May 22 The event was organised to promote long-term durable relationship between SMEs of the two countries by holding face-to-face meetings between the participating businessmen. About a hundred such interactions were organised. About 20 delegates from Pakistan and 30 delegates from India were participating in the event, being organised jointly by the Centre for Research in Rural and Industrial Development
(CRRID) here and the Rawalpindi-based Women Empowerment Literacy and Development Organisation
(WELDO). A draft memorandum of understanding to work closely for the benefit of Indian and Pakistani SMEs was also exchanged between Mr Deepak Nanda, Managing Director of SME Business Services Limited and Ms Sijal Aziz of
WELDO. Given the heavy cost of designing and printing in the advertisement business in Pakistan, Ms Roshni Bashir of Vini
Vici, an advertising agency, offered to outsource related jobs to India. She also discussed the topic with Indian firms. A presentation on drip irrigation system, which is extremely useful for water conservation and crop production, was made by Mr Sidharath Jain of Jain Irrigation,
Jalgaon. This evinced keen interest among Pakistani delegates, who expressed the desire to propagate this technology in their country. Representatives of Kashmir Apiaries from India and Natural Pure Honey from Pakistan agreed in principle for import and export of honey, while representatives of Swati Storwel Private Limited, Parwanoo, reached a business understanding with their counterparts from Life Technologies Private Limited, Lahore, for selling
chemi-plastic products in Pakistan. During the event, it was also decided that CRRID would lead a delegation of SMEs from India to participate in a similar exercise scheduled to be held in Pakistan early next year.
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Fire Dept officials visit institutions to ensure safety
Chandigarh, May 22 It may be mentioned here that Panjab University has already been served with two notices by the Municipal Corporation’s fire wing. Today Sub-Fire Officer of Sector 11 J.S. Kang visited Government College for Girls, Sector 11, Government College, Sector 11, DAV College, Sector 10, besides other institutions. Talking to the TNS, Mr Kang said initial inspections had been carried out around two months ago and institutions were being served with reminders now. They would serve notice on them in the coming weeks if the required norms were not followed. “We will take action within this month. Educational institutions are always full of people and things can turn to worse if a fire breaks out. We therefore want to ensure that the fire safety norms are strictly in place.” Schools, too, are being asked to ensure that the norms are being followed. Talking to the TNS, Principal of DAV, Sector-10, S.C. Marriya said the college was equipped with basic fire extinguishers. They had, however, asked the Fire Department to provide them with information about the various guidelines that they would require to fulfil at the earliest. “An official of the Fire Department contacted us and we have asked him as to what all needs to be done. We are cooperating with them fully,” he stated.
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CET: PU to probe sabotage factor
Chandigarh, May 22 Sources in the university today pointed out that Mr Prof. K.K. Bajaj, former Controller of Examinations and Dean Colleges, Himachal Pradesh University, Shimla, conducting the inquiry, is finding out what could have led to this major faux pas, including the possibility of it being the result of malafide intention. Mr Bajaj is reported to have met the Vice-Chancellor today. While the Controller of Examinations had stated that the truck carrying the question papers had met with an accident that day but it is now clear that the truck never met with an accident. Mr Bajaj will submit his report within the next two days to the Vice-Chancellor.
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Cyclists arrive after covering rugged terrain
Chandigarh, May 22 Conducted by 104 (Independent) Field Workshop, the expedition was flagged off from Pooh in Kinnaur district on May 17, and over the next fives days it passed through Karchem, Jhakri, Narkanda, Jutogh and Kalka. The expedition comprised two officers, two JCOs and 10 other ranks, led by Lieut-Col V.V. Suri. The aim was to inculcate the sprit of adventure and test human endurance. The team members also interacted with ex-servicemen during the course of the expedition and generated awareness among the youth to join the Services. The Major General EME at Western Command, Maj-Gen Ravi Kheterpal, honoured team members on their arrival here and appreciated their efforts to accomplish the mission.
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Gill takes charge as MC chief
Panchkula, May 22 Escorted by 13 Municipal councillors, including five of the Indian National Lok Dal (INLD), Ms Gill took the charge as the third president of the civic body. Haryana Deputy Chief Minister Chander Mohan, who was also present on the occasion, offered the “Chair” to her. Apart from supporters of the Deputy Chief Minister, supporters of INLD and certain members of the Residents Welfare Associations were also present on the occasion. Breaking his silence after three days of the elections, Mr Chander Mohan denied to have mounted any pressure on the presiding officer for declaring Ms Gill as Panchkula Council chief.
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BJP leaders stage dharna
Panchkula, May 22 The protesting BJP councillors and members of the local unit of the BJP have threatened to move the Punjab and Haryana High Court if their demands are not accepted. The irate protestors, including three Panchkula municipal Councillors from the BJP along with over 50 supporters, raised slogans outside the office of the SDM, Mr V.K. Dahiya.
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Panchkula, May 22 According to house owner Surinder Kumar, an electricity cable melted and fell on the roof of the house, causing a short circuit. The fire also damaged a television, a stereo and a fan. TNS
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CPUJ annual meet today
Chandigarh, May 22 While Chief Minister of Punjab Amarinder Singh will inaugurate the conference, Haryana Chief Minister Bhupinder Singh Hooda will preside over it. Mrs Rajinder Kaur Bhattal, Deputy Chief Minister of Punjab, will be the guest of honour, Mr Rohit Garg, Additional Press Secretary, CPUJ, said here today.
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25-yr-old woman hangs self
Chandigarh, May 22 Ruling out the possibility of any foul play, the police said the victim held no one responsible for her death in a suicide note left by her. The victim, Ameena of Sector 29, had reportedly eloped with her lover Rajesh Kumar of Bapu Dham Colony, Sector 26, on April 7. The couple had gone to Malerkotla, Punjab, and there Rajesh, after converting to Islam, married Ameena. He had also changed his name from Rajesh to Imran. The couple lived there for some time before moving to Delhi. They had come to the city by Kalka Mail last night and stayed at the residence of Imran’s aunt in Mani Majra. In the morning, Imran left to meet his parents in Bapu Dham Colony. The suicide came to light when Imran’s aunt sent her son to enquire about Ameena when she did not come for lunch in the afternoon. Her son, Naveen, found Ameena hanging from a hook in the ceiling and he raised the alarm. They informed Imran about the incident and also called the police. DSP (East) Vijay Pal Singh said the victim, in her suicide note, which was addressed to her brother, wrote that she was ending her life as she had failed to live up to their expectations. She further wrote that she was disappointed in her husband and held no one responsible for her death. The DSP added that the parents of the couple had met them in Malerkotla. The police has informed Ameena’s parents, who were out of station, about the incident and a post-mortem examination would be done tomorrow after their arrival. Meanwhile, the police has initiated inquest proceedings under Section 174 of the CrPC in this regard.
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Woman arrested for flesh trade
Chandigarh, May 22 The police is suspecting that more girls involved in immoral trafficking could be a part of her network. The police is verifying the mobile phone call details to ascertain identities of those who were part of her network. The police is also in possession of a diary belonging to her which contains contact number of a number of influential residents of the city. A police official disclosed that a deal was fixed for Rs 3,000 and Rs 500 was given as advance. At the time of striking the deal, a member of the Social Welfare Advisory Committee was also present as witness. She came to the appointed place in her black Honda City car (PB-10-K-6106). The police has also recorded her conversation on phone as evidence. DSP (South) K.I.P. Singh said, the woman, a resident of Sector 38, during interrogation disclosed that she was running the trade for the past many months. She disclosed that she was doing a private job. She was living with her mother and her father is a retired Army man. Her two brothers are living in Narwana in Haryana. The accused had studied from Panjab University. She further told the police that it was easy money and high profile lifestyle had lured her into flesh trade. She said she used to visit discotheques with her friends, who were involved in flesh trade, and she entered into this about six month ago.
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3 vehicles stolen
Chandigarh, May 22 Mr Rajiv Kumar of Sector 44-A lodged a complaint with the police that his Hero Honda motor cycle (CH-03-B-2111) was stolen from near Kala Bhavan, Sector 16. Similarly, Mr Vikas of Sector 23-D reported to the police that his Hero Honda CBZ motor cycle (HR-26-S-6707) was stolen from near a wine shop in Sector 24. In another incident, Mr Jatin Joshi of Phase I, Mohali, filed a complaint saying his LML Vespa (PB-65-D-4105) was stolen from Sector 43. Three cases of theft were registered in various police stations in the city. Purse stolen Ms Meena of Dadumajra reported to the police saying that her purse containing a mobile phone and some documents was stolen from her Kinetic Honda scooter, which was parked at the Sector 22 and 23 traffic lights point on Sunday. A case was registered in this regard in Sector 17 police station. Rickshaw-puller robbed Panchkula, May 22 According to information, an unidentified man hired the rickshaw from the local bus stand to Sector 19 and gave some ‘laddoos’ to rickshaw-puller Ram Prasad on the way. The rickshaw-puller fell unconscious and the passenger took him to a park nearby. The passenger took out the money from the rickshaw-puller’s pocket and fled. Some rickshaw-pullers found Ram Prasad lying unconscious, took him to the Sector 5 bus stand and informed the police. TNS
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Fear psychosis grips share tradings
Chandigarh, May 22 Though the markets opened 133 points higher (as compared to Friday) at 11,072 and touched 11,143 by noon, a reaction from the Central Board of Direct Taxes to media reports regarding taxes on the broking community sent the markets into a tail-spin (sensex went down by 10 per cent). The market remained closed all over the country for an hour, but by the end of the day closed down at 10, 481.77 points. However, in the city, other than the big players like IndiaBulls, Karvy, Competent, Vikson and Religare Shares, a majority of the local traders had shut off their terminals. The traders said that today a number of investors wanted to invest in the share market, but only those investors were entertained who had credit with the broker, or were able to pay in cash through drafts. Mr Sanjay Sharma of Sidhu Finance said most traders stopped trading today because there was no liquid money for cash transaction. “There were a lot of buyers today, but no sellers. When there is a margin exchange, traders do not like to take risk,” he explained. Elaborating further, Mr V. Kumar of Vikson, said with the market down today, a lot of investors came forward to invest and shares worth approximately Rs 2 crore were bought.
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“Postal Finance Mart” introduced
Chandigarh, May 22 Mrs Manjula Prashar, Chief Post Master-General, inaugurated the services. The entire interiors and the exterior design of the post office have been changed to make it more customer-friendly and also congenial for the staff. The services include the savings bank recurring deposits, NSCs, KVP, time deposit, public provident fund, money transfer services, pension payments, IPOs and insurances, besides several others.
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