SPECIAL COVERAGE
CHANDIGARH

LUDHIANA

DELHI


THE TRIBUNE SPECIALS
50 YEARS OF INDEPENDENCE
TERCENTENARY CELEBRATIONS
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N A T I O N

Prez issues show-cause notice to AMU V-C
He’s charged with calling meet to manipulate selections to crucial posts

New Delhi, December 17
Troubles mounted for beleaguered Aligarh Muslim University (AMU) Vice-Chancellor PK Abdul Azis, with President Pratibha Patil today issuing a show-cause notice to the varsity for flouting its Act by scheduling the AMU Court meeting without following the mandatory notice period of 35 days. 

AICC plenary to focus on graft
New Delhi, December 17
When Congress president Sonia Gandhi addressed the AICC delegates in November she had steered clear of making any reference to the raging allegations of corruption like the Adarsh Housing scam or the Commonwealth Games mess and had instead trained her guns on the BJP’s parent organisation, the RSS, for its involvement in acts of terror.

NRI body demands action against Punjab police
New Delhi, December 17
A delegation of the North American Punjabi Association (NAPA) today said it had submitted a list of grievances of People of Indian Origin in the US to the Minister for Overseas Affairs Valyar Ravi.


EARLIER STORIES

Wen Tibetans came out to protest Jiabao’s visit

Tibetan activists during a protest against Chinese Premier Wen Jiabao’s three-day visit to India, in New Delhi
Tibetan activists during a protest against Chinese Premier Wen Jiabao’s three-day visit to India, in New Delhi on Friday. — AFP

India, Russia to ink 15 pacts for N-cooperation
New Delhi, December 17
India and Russia will ink more than 15 accords, including one on joint designing of the fifth generation fighter aircraft and another on expanding nuclear cooperation, during President Dmitry Medvedev’s visit to India next week, Russian Ambassador to India Alexander Kadakin said today. He also expressed the hope that the Indian civil nuclear liability law would be in conformity with international norms.

Minimum support price of copra raised by Rs 75 
New Delhi, December 17
The government on Wednesday said it had increased the minimum support price (MSP) for copra by Rs 75 per quintal for the 2011 season to step up investment in coconut cultivation.

Plan to assess climate change impact on crop
New Delhi, December 17
The government has approved Rs 350 crore scheme to study impact of climate change on agriculture and reduce production losses.

Gurbani vision important: Prez
New Delhi, December 17
President Pratibha Devisingh Patil has expressed confidence that the teachings contained in the Guru Granth Sahib will continue to guide many generations. Delivering a speech to inaugurate an International Seminar on ‘Pluralistic Vision in the Guru Granth Sahib’ here last evening, she said, “The vision contained in the Gurbani will be important in pluralistic societies and for building bridges of understanding in our multi-hued world”.

THE Tribune CAMPAIGN
Tatas’ Camelot now a security risk: Ex-DGP

Chandigarh, December 17
Tata Camlot project is under fire again; and not just for aesthetic reasons. Demolishing brick by brick, the move to set up the towers in the vicinity of the Capitol Complex, Punjab’s now retired Director-General of police Chander Shekhar has asserted that the project is a security threat not just to the residences of Punjab and Haryana chief ministers and other ministers, but even to Panchkula and Kasauli cantonments. 

Discuss Sarabjit case with Pak: Sister
Panchkula, December 17
Sarabjit Singh's sister Daljit and daughter Poonam show the pictures of accused Manjit Singh Rattu (in pic, right) outside a Panchkula court Dalbir Kaur, sister of Sarabjit, languishing in a Pakistan jail for his alleged involvement in the Karachi bomb blast case, today urged the government to take up the matter with Pakistan for immediate release of her brother as the main accused Manjit Singh Rattu was arrested by the Panchkula police yesterday.

Sarabjit Singh's sister Daljit and daughter Poonam show the pictures of accused Manjit Singh Rattu (in pic, right) outside a Panchkula court on Friday. Tribune photo: Nitin Mittal

Soon, all-women police station in every Bihar dist
Patna, December 17
Emboldened by the massive mandate given to his party and its allies to rule the state, Bihar Chief Minister Nitish Kumar has been taking bold initiatives one after another to improve governance in the state.Apparently, the Chief Minister does not want to waste any time and therefore he had no qualms in sitting with the top brass of the police administration over three hours on Sunday and chalk out schemes to improve law and order scenario in the state.

Reddy questions viability of infra bonds
Mumbai, December 17
Even as the government and the Reserve Bank are actively working on developing a corporate bond market, former RBI Governor Y V Reddy today questioned the efficacy of such financing model for the infrastructure sector needs.

Natural resources seen driving M&A deals 
Mumbai, December 17
India’s cash-rich firms will keep up their hunt for overseas targets in 2011 and may top this year's record outbound activity as they look for new overseas markets and to secure natural resources to feed surging demand.

Create Telangana or face political earthquake: TRS
Hyderabad, December 17
Issuing a fresh ultimatum to the UPA government, the Telangana Rashtra Samithi (TRS) has warned of a political “earthquake” if steps were not initiated for the creation of separate Telangana state.

Politicians woo farmers in Andhra
Hyderabad, December 17
Itching for a showdown with the ruling party he had recently quit, YS Jagan Reddy announced that he would go on a two-day hunger strike from December 21 in Vijayawada, along with “lakhs of farmers”, if the government failed to take adequate measures to help farmers affected by the recent heavy rains and floods.

Engg graduates face a bleak scenario in IT hub
Less than 10% get selected during campus recruitments in Andhra
Hyderabad, December 17
For a state that takes pride in its status as a leading IT hub, it is disquieting news. Less than 10 per cent of the engineering graduates coming out of the professional colleges find placement during campus recruitment.

Cong trying to split my family: Jagan
Kadapa (AP), Dec 17
Continuing his attack on the Congress high command, former MP Y S Jagan Mohan Reddy today alleged the party leadership has hatched a conspiracy to split his family. Addressing a meeting of supporters from his native Pulivendula assembly constituency, Jagan claimed the Congress high command tried to split his family in a bid to weaken him. Jagan, who quit the Congress earlier this month, had alleged in his resignation letter to party president Sonia Gandhi that the high command tried to divide his family by offering a Cabinet berth to his uncle Y S Vivekananda Reddy.





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Prez issues show-cause notice to AMU V-C
He’s charged with calling meet to manipulate selections to crucial posts
Aditi Tandon
Tribune News Service

New Delhi, December 17
Troubles mounted for beleaguered Aligarh Muslim University (AMU) Vice-Chancellor PK Abdul Azis, with President Pratibha Patil today issuing a show-cause notice to the varsity for flouting its Act by scheduling the AMU Court meeting without following the mandatory notice period of 35 days. The notice came five days after 137 Members of Parliament petitioned the President, Visitor of the University, to intervene in AMU affairs.

Their grudge: Azis, facing a judicial inquiry for financial irregularities, had deliberately scheduled the meeting of the AMU Court (its highest decision making body) on December 19 when most members of the Court would not be in a position to attend due to the ongoing Congress Plenary Session in the capital. The memorandum sought advancement of the annual meeting which elects the university's next Chancellor, Pro Chancellor, Treasurer and six members of the Executive Council.

The selections, MPs argued, needed to be conducted by a well represented Court to rule out chances of the V-C manipulating selections to meet his ends. The report of the two-judge High Court committee probing Azis’s financial mishandlings would finally be considered by this Court. “There are over 45 vacancies in the existing AMU Court and crucial elections must only be held when the Electoral College is complete,” the memorandum added.

Given the sensitivity of the issue, the President today asked the University to show cause as to why the scheduled December 19 meeting should not be annulled as it had been called against mandated Rules. The Visitor, under Section 13 of the AMU Act, can annul any proceeding which is not in conformity with this Act.

“It has brought to the Visitor’s notice by members of the AMU Court and other stakeholders that the meeting has been scheduled for December 19, 2010 with important agenda to elect Chancellor, Pro-Chancellor, Treasurer and 6 representatives to the Executive Council of the University without fulfilling the statutory requirement of the minimum notice period of 35 days,” the notice states. It seeks a reply from the University in 15 days. In the meantime the Court meeting stays in abeyance. The President has asked the University to bring inform all Court members of the notice to save them inconvenience.

On December 13, seven MPs had met the President to raise the matter, accusing Azis of deliberately choosing such a date for the Court meet when most MPs, also members of the AMU court would be away for the Congress Plenary in Delhi. The Plenary is being held between December 18 and 20. “The date has been chosen to manipulate elections,” the memorandum alleged. Its signatories included Rashid Alvi, Sharfuddin Shariq, Dharmendra Yadav, Ali Anwar Ansari, Ashaq Ali Tak, V. Hanumant Rao and former MP and member of AMU Court Wasim Ahmad. Earlier, AMU V-C was in trouble when AICC general secretary Rahul Gandhi led a delegation of varsity students to Union HRD Minister Kapil Sibal seeking the much-delayed student elections. 

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AICC plenary to focus on graft
Anita Katyal
Our Political Correspondent

New Delhi, December 17
When Congress president Sonia Gandhi addressed the AICC delegates in November she had steered clear of making any reference to the raging allegations of corruption like the Adarsh Housing scam or the Commonwealth Games mess and had instead trained her guns on the BJP’s parent organisation, the RSS, for its involvement in acts of terror.

In contrast, the upcoming AICC plenary session being held on the outskirts of Delhi in Burari from December 18-20, will have a sharp focus on corruption and the issue of probity in public life while keeping up the attack on the BJP.

The Congress leadership can hardly afford to keep silent on this issue any longer as the allegations of corruption it is facing have dealt a huge blow to its image and severely dented its credibility. The Opposition, on the other hand, has been galvanised after these revelations. After disrupting the entire Winter Session of Parliament, the Opposition has mounted a nation-wide campaign to press its demand for a Joint Parliamentary Committee (JPC) and to put the Congress-led UPA government in the dock for its involvement in scams.

It has, therefore, become imperative for the Congress to come out with a cogent response to the opposition offensive. The Congress president’s speech to party MPs on the last day of Parliament provided a glimpse of what will be on offer during the plenary deliberations.

Countering the Opposition charges, Sonia Gandhi had given details of the investigations being conducted by the various agencies into all these cases and the action already taken by the government like A Raja’s resignation and the change of guard in Maharashtra. The Congress will, in turn, attack the BJP for its cover-up of corruption in Karnataka and remind the main opposition party about its involvement in the Tehelka sting operation and the coffin scam.

Despite Sonia Gandhi’s aggressive speech at the CPP meeting, there is an air of despondency in the party on the eve of the plenary session which has been cynically described by a senior Congress leader as a “gala event.” Besides having to deal with the fall-out of the scams and corruption allegations, the party has also to contend with its dismal performance in the Bihar Assembly elections where the Congress’ grand plans of an upper caste revival in its favour came to nought.

The party’s health in other states is also not very sound. The Congress can expect to pay a heavy price for the DMK’s transgressions in the next year’s Assembly elections in Tamil Nadu. It is on shaky ground in Andhra Pradesh where the Telangana movement could erupt any time. Jaganmohan Reddy, late chief minister’s son, who recently left the Congress to float his own party, has the potential to play spoilsport in the southern state. The Congress has not been able to pin down any of the BJP governments in states like Karnataka, Madhya Pradesh and Chhattisgarh where it is in the opposition because of bitter internal feuds.

Although the plenary will predictably end with a stirring call to the cadres to take on the BJP, several Congress leaders predict that the country could be headed for a phase of instability as the ongoing stalemate in the polity will further weaken the Congress but not necessarily throw up a viable non-Congress alternative.

Unlike the late eighties when the BJP and the Left joined hands to take on the Congress, the possibility of these two parties coming together this time appears remote. 

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NRI body demands action against Punjab police
Tribune News Service

New Delhi, December 17
A delegation of the North American Punjabi Association (NAPA) today said it had submitted a list of grievances of People of Indian Origin in the US to the Minister for Overseas Affairs Valyar Ravi. Atleast, 75,000 such people, most of whom who took political asylum in the US are being denied visas to visit their native places in India.

These people are not on the blacklist and the President of the Association Satnam Singh Chahal said the body held no brief for those on the black list but had discussed the matter of people who had taken political asylum. The delegation comprising Dalwinder Singh Dhoot, A.K Sharma, retd IPS, Santokh Singh Judge and Jaspal Singh Mann met the minister and requested the cases to be taken up sympathetically. The delegation apprised the minister that most of the Indians adopted the procedure of seeking political asylum for getting legal status for their stay in USA.

These Indians are not necessarily criminals or having any problem with the Indian political system back home. Their method of getting a legal stay in USA, is being taken as an anti-Indian stance by Indian embassies.

They are denied visas to visit their native place even after they acquire US citizenship. The delegation sought that those political asylum seekers, who are not a threat to Indian security should be issued visas.

The delegation also demanded that all NRIs should be provided security in India against “Indian Police mafia and looters.” They demanded action against Punjab Police groups that helped to occupy NRI land and properties. Chahal said Ravi assured the delegation that he was aware of suffering of the Indians living in the US but the paucity of the staff had been the main problem for clearing the applications. 

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India, Russia to ink 15 pacts for N-cooperation
Ashok Tuteja
Tribune News Service

New Delhi, December 17
India and Russia will ink more than 15 accords, including one on joint designing of the fifth generation fighter aircraft and another on expanding nuclear cooperation, during President Dmitry Medvedev’s visit to India next week, Russian Ambassador to India Alexander Kadakin said today. He also expressed the hope that the Indian civil nuclear liability law would be in conformity with international norms.

Addressing a press conference here, Kadakin said President Medvedev’s visit would take Indo-Russian ties to new heights. “Our mood is upbeat…the Indo-Russian strategic relationship has acquired a new meaning during the last 10 years.”

Medvedev, accompanied by a large business delegation, will arrive in New Delhi on Monday night and will have talks with Prime Minister Manmohan Singh and other Indian leaders on Tuesday. He will be visiting Agra and Mumbai on Wednesday.

Elaborating on the civil nuclear cooperation, he said the two countries would ink an accord under which Russia would set up two more 1,000 MW units at Kudankulam. “We are prepared for serial construction of nuclear units, at least four to six more units, at Kudankulam to meet India’s growing energy needs.” He also indicated that Russia might be allotted an alternate site in Orissa for setting up nuclear reactors in place of Haripur in West Bengal in view of the agitation by the local population against the nuclear project there.

Asked if Russia was satisfied with India’s civil nuclear liability law, Kadakin said Moscow respected the will of Indian Parliament. However, it had sought certain clarifications from New Delhi as to how the legislation would influence future agreements between India and Russia in the civil nuclear field. It was still awaiting a reply from New Delhi.

“We do hope the Indian law will be in conformity with international norms and the Vienna protocol because we believe international laws are superior to national laws. It is for your Parliament to marry the two,” he said. His comments assume significance against the backdrop of the concerns expressed by the US and France over the civil nuclear liability law.

About India’s quest for a permanent seat on the UN Security Council, Kadakin noted that Russia had endorsed New Delhi’s case more than two decades ago. “We have steadfastly supported India’s candidature…the decision has to be taken by the UN General Assembly.”

While supporting a dialogue between India and Pakistan for the resolution of bilateral differences between them, the Russian envoy said Islamabad must solve mounting internal problems in the country, particularly the threat of terrorism emanating from the Pakistani soil. He asked Pakistan to do away with the terror camps on its soil, which were responsible for spreading "horrible cancer" of international terrorism from "Moscow to Mumbai to London Metro".

Kadakin said, “We do want Pakistan to solve its internal problem. We do not want any danger or threat emanating from Pakistan or neighbouring regions of Pakistan. We are against those 40 training camps…. That is from where this horrible cancer of international terrorism is spreading on our earth. This must be done away with.”

Asked about the situation in Afghanistan, he said international troops should remain in the war-torn nation until the situation stabilises. He was also against any attempt to isolate India on the Afghan issue, keeping in mind the praiseworthy work that New Delhi has been doing there. 

FORGING STRONG TIES

n Medvedev, the Russain Prseident, will be accompanied by a large business delegation, will arrive in New Delhi on Monday night

n Russia has expressed the hope that the Indian civil nuclear liability law would be in conformity with international norms

n Russia had endorsed New Delhi’s claim to UNSC seat more than two decades ago. 

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Minimum support price of copra raised by Rs 75 
Tribune News Service

New Delhi, December 17
The government on Wednesday said it had increased the minimum support price (MSP) for copra by Rs 75 per quintal for the 2011 season to step up investment in coconut cultivation.

The decision was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) on recommendations of the Commission for Agricultural Cost and Prices (CACP).

While the MSP for average quality of milling copra has been fixed at Rs 4,525 per quintal, that for ball copra will be Rs 4,775 per quintal, according to an official statement. “This represents an increase of Rs 75 per quintal for both milling and ball copra over the MSP announced by the government last season,” the statement said

The government said the increase in the MSP of copra was expected to encourage the farmers to step up investment in coconut cultivation, which would help increase production and productivity of coconut in the country.

The National Agriculture Cooperative Marketing Federation of India (NAFED) would continue to act as the nodal agency to undertake price support operation at minimum support prices in the coconut growing states.

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Plan to assess climate change impact on crop
Tribune News Service

New Delhi, December 17
The government has approved Rs 350 crore scheme to study impact of climate change on agriculture and reduce production losses.

Approved by the Cabinet Committee on Economic Affairs, the main objective of new plan scheme ‘National Initiative on Climate Resilient Agriculture’ is to assess impact of climate change on agriculture and allied sectors in the country and evolve cost-effective adaptation and mitigation strategies.

The scheme will be implemented in the remaining part of the current Plan period by identifying at least 15-20 heat or drought tolerant promising cultivars of different crops by end of XIth Plan. Outputs are expected to provide adequate resilience to small and marginal farmers and reduce production losses at least by 25-30 per cent.

During the first year, the research infrastructure at key institutes of ICAR will be strengthened by installation of the state-of-the-art equipments and measurement systems to study climate change impact on major food crops and livestock at an outlay of Rs.200 crore.

During 2011-12, long-term strategic research programmes will be initiated on crop improvement to heat and drought stress, management of natural resources for adaptation and mitigation and innovative livestock management practices to minimise heat stress on animals

Available climate resilient practices will also be demonstrated on farmers’ fields in 100 most vulnerable districts of 27 states, including Punjab, Haryana, Himachal and J&K. About one lakh farmers will be directly benefited through on-farm demonstration of climate resilient technologies while the long-term strategic research will evolve climate coping technologies that will be used by millions of farmers in the country.

Climate change is threatening growth and sustainability of the agricultural sector in India. Most models predict that rising temperatures and increased frequency of extreme events will significantly impact production of food grains, affecting both food security and the livelihoods of millions of small and marginal farmers. The scheme is proposed to address the important issues of impact of climate change in agriculture, and adjustment to it.

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Gurbani vision important: Prez
Tribune News Service

New Delhi, December 17
President Pratibha Devisingh Patil has expressed confidence that the teachings contained in the Guru Granth Sahib will continue to guide many generations. Delivering a speech to inaugurate an International Seminar on ‘Pluralistic Vision in the Guru Granth Sahib’ here last evening, she said, “The vision contained in the Gurbani will be important in pluralistic societies and for building bridges of understanding in our multi-hued world”.

Patil quoted historian Arnold J. Toynbee as having written “...religions are going to influence each other more than even before…..Sikh religion and its scriptures will have something of special value to say to the rest of the world.”

The contents of the Sikh holy book have provided guidance to the millions belonging to the Sikh community and has contributed immensely to enriching the culture and heritage of India, Patil remarked.

The teachings have remained relevant. The holy book is an example of the great Indian secular tradition, wherein compositions have been included from both Hindu and Muslim saints and given the same importance as the verses of the Gurus. The teachings are behind the success of the Sikh community and its tremendous contribution to the growth of India. All over the globe, even the smallest of Sikh communities have earned respect for themselves through this code of conduct.

The seminar organised by Bhai Vir Singh Sadan will have scholars arguing out their points of view on the Granth Sahib. The academic sessions began this morning with the first session on `From Pothi Sahib to Guru Eternal’ and was chaired by. Kuldeep Nayar, eminent journalist. Prof. Gurinder S. Mann, Dr. Sarabjinder Singh, Dr.Karamjit Malhotra presented their papers. In his exposition, Prof. Mann stressed the need to analyse existing sources to understand the journey from ‘Pothi Sahib to Guru Eternal’.

Dr Sarabjinder Singh alluded to different religious traditions to point out codifications of divine revelations through prophets and their followers. Dr Karamjit Malhotra cited 18th century historical records to point out the centrality of Guru Granth Sahib in the lives of Sikhs as Guru Eternal.

The special session on “Spreading the Word: Contribution of Bhai Vir Singh” was chaired by Dr. J.S. Neki. Prof Nikky Guninder Kaur extensively cited poetry of Bhai Vir Singh to show his life journey immersed in Guru Granth Sahib. The third session on Pluralistic Vision in Guru Granth Sahib was chaired by Dr Jaspal Singh.

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THE Tribune CAMPAIGN
Tatas’ Camelot now a security risk: Ex-DGP
Saurabh Malik
Tribune News Service

Chandigarh, December 17
Tata Camlot project is under fire again; and not just for aesthetic reasons. Demolishing brick by brick, the move to set up the towers in the vicinity of the Capitol Complex, Punjab’s now retired Director-General of police Chander Shekhar has asserted that the project is a security threat not just to the residences of Punjab and Haryana chief ministers and other ministers, but even to Panchkula and Kasauli cantonments. The area, he has recommended, should be developed into a tourist destination like Tosha Island of Singapore.

In his report placed before the Punjab and Haryana High Court Division Bench of Justice Adarsh Kumar Goel and Justice Nirmaljit Kaur, Chander Shekhar — inquiry officer looking into the assets of the high-ups in the city’s periphery — has asserted: “It has come to the notice of the inquiry officer that Tata Housing Development Company Limited has proposed to build a multi-storey residential and commercial building in this area to the height of 35 storeys.

“Since all the urban development around Chandigarh, Panchkula, and Mohali has to be considered as a single organic body with the Capitol Complex as the head of the body, the area over and above this Capitol Complex should not be allowed to develop in a big way to dominate even the Capitol Complex.

“Because this part of the organic body, along with adjacent areas, enjoys the natural beauty of the Shivalik Hills and lower Himalayan ranges, the residents of Chandigarh, Mohali and Panchkula enjoy the beauty of such features even during the night, when they see the twinkling lights of Kasauli, Timber Trail and scattered villages and settlements.

“The headlight of the train coming from Shimla to Kalka looks like a dancer participating in Punjabi folk dance jago. Therefore, people should not be deprived of this natural gift to them”.

Launching a scathing attack on the project, Chander Shekhar says: “I am of the view that there should not be any highrise buildings as provided in the master plan of Nayagaon and Mullanpur adjacent to the Capitol Complex”.

Recommending the development of the area into a tourist spot, Chander Shakher says: “These areas should be developed in such a manner without disturbing the flora, the fauna and wildlife to make the destination a tourist spot”. He goes on to suggest converting the area into a natural park, a zoo or even a bird sanctuary.

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Discuss Sarabjit case with Pak: Sister
Sanjay Bhumbroo
Tribune News Service

Panchkula, December 17
Dalbir Kaur, sister of Sarabjit, languishing in a Pakistan jail for his alleged involvement in the Karachi bomb blast case, today urged the government to take up the matter with Pakistan for immediate release of her brother as the main accused Manjit Singh Rattu was arrested by the Panchkula police yesterday.

Talking to the media near the district court, Dalbir said that she would provide more proof of Manjit’s involvement in the Lahore blast case within the next few days that the accused was working for various agencies.

Dalbir sought that the police conduct a thorough probe into the alleged involvement of Rattu in the case. She claimed that Rattu, who was involved in various criminal cases not only in India but abroad too, was a hard nut to crack. The police should make sincere efforts to get information from him which could save the life of her brother who had inadvertently crossed the international border near Bhikiwind village in Tarn Taran district.

She alleged that the accused had been influencing the authorities by flaunting money.

Meanwhile, the local police presented Manjit Singh in the court of Judicial Magistrate Jyoti Birbian who remanded him to two-day police remand.

According to sources, the public prosecutor maintained that the accused had allegedly defrauded a Panchkula dealer from whom he purchased mobile phones worth Rs 1 lakh. The cheque issued by him was dishonoured, the prosecution added.

Arvind Thakur, chairman, Global Human Rights Council, demanded a thorough interrogation of the accused as he had been moving out of the country by changing his identity. He added that he had not refuted the allegations before the court regarding his involvement in the bomb blast in Pakistan.

As soon as Manjit was brought out of the court, Dalbir hurled abuses on him for spoiling the life of her brother, who was languishing in a Pakistan jail for so long.

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Soon, all-women police station in every Bihar dist
Sanjay Singh/TNS

Patna, December 17
Emboldened by the massive mandate given to his party and its allies to rule the state, Bihar Chief Minister Nitish Kumar has been taking bold initiatives one after another to improve governance in the state.Apparently, the Chief Minister does not want to waste any time and therefore he had no qualms in sitting with the top brass of the police administration over three hours on Sunday and chalk out schemes to improve law and order scenario in the state.

After recruiting 8,100 ex-Army men in the police force as Special Auxiliary Police (SAP) personnel on yearly contracts, the state government has decided to recruit 9,000 ex-soldiers and junior commanding officers as SAP personnel to supplement the police force at the Thana level. The government has almost completed the recruitment of 10,000 constables and by the time they are trained and fit for the duty as policemen, SAP jawans would carry out their job.

It was decided during the meeting on Sunday that every district in the state should have an all-woman police station. At the moment, Bihar does not have any such police station. A separate cell exists in the CID at the state police headquarters to deal with atrocities and crime against the fair sex.

The Chief Minister also directed the officials concerned to establish an armed women battalion of the police without any further delay. The Centre had already provided funds for the purpose.

Apart from having an exclusive woman police station in all 38 districts, the state government also decided to have an exclusive police station at every district headquarters to check crime against SCs and STs. As on date, Bihar has such police stations only in 10 districts.

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Reddy questions viability of infra bonds

Mumbai, December 17
Even as the government and the Reserve Bank are actively working on developing a corporate bond market, former RBI Governor Y V Reddy today questioned the efficacy of such financing model for the infrastructure sector needs.

"Tell me a country where corporate bond market successfully funded large long-term infrastructure projects barring a few experiences in the US, where some such funding had happened, there is no such example in Europe or Britain or Asia. And even those American projects cannot be said to be a success as of now.

Empirical evidence does not suggest that private sector funding is viable in the infrastructure space," Reddy told the Asia-Europe Conference of central bankers and finance ministry officials that ended here today.

Reddy, known as the country's crisis man for his role in putting in place enough instruments to insulate banking and financial markets from global shocks even prior to the recent financial crisis, further questioned the viability of public-private-partnership (PPP) projects in infrastructure space saying, "We need proper institutional mechanism to support a corporate bond market. — PTI

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Natural resources seen driving M&A deals 

Mumbai, December 17
India’s cash-rich firms will keep up their hunt for overseas targets in 2011 and may top this year's record outbound activity as they look for new overseas markets and to secure natural resources to feed surging demand.

Deal volume in India surged three-fold to $67.2 billion this year from $21.3 billion last year, just missing the record $69.4 billion in activity in 2007, according to Thomson Reuters data.

Globally, mergers and acquisitions rose for the first year since 2007, potentially marking the start of a new, multiyear M&A cycle in which emerging economies account for a bigger share of global dealmaking.

Overseas acquisitions accounted for nearly half of the Indian M&A volume in 2010, the biggest year for outbound deals from Asia's third-largest economy, data showed.

Bankers expect 2011 to be another bumper year.

"The availability of assets that synergize with Indian businesses with access to financing and Indian corporates' desire to grow across other emerging markets are positive drivers," said Ravi Kapoor, head of global banking for Citigroup in India.

In this year's biggest deal, India's top mobile operator Bharti Airtel <http://in.reuters.com/finance/stocks/overview?symbol=BRTI.BO&exchange=INB> paid $10.7 billion for the African telecom assets of Kuwaiti group Zain. Indian makers of consumer goods have also made a string of much-smaller purchases in Africa.

Access to cheap and easy finance for large buyers, a need to expand in new markets, and the rush to tap natural resources are expected to be the main triggers for driving deal volume.

"You will have a much bigger increase in the sub-billion euro deal category where mid-cap industrial companies start looking at buying overseas looking at the benefits of R&D, technology, and distribution," said Amrit Singh, head of India M&A at Deutsche Bank.

The resources sector will drive dealmaking once again, with companies looking for assets from Africa to Australia, after energy and power firms dominated the M&A table this year, accounting for a third of the total volume at $22 billion as they snapped up coal mines to fuel a spate of new power plants.

"There is a huge requirement to buy raw material security for people who are doing business in commodity, whether it is oil, gas, coking coal, iron ore and those kinds of things," said Kapoor.

A consortium of five state-run Indian firms is considering a bid for Africa-focused Riversdale Mining, sparking a potential takeover battle for the Australian firm, already being courted by Rio Tinto.

Locally, the biggest opportunity may be consolidation in India's crowded telecoms sector, where 15 cellular players slug it out and deal-making lately has occurred mostly among owners of telecoms towers.

"One of the key themes sectorally is telecoms consolidation which depends on the changes to the M&A guidelines, which we anticipate taking place in the first quarter," said Frank Hancock, managing director, advisory for Barclays in India.

"Second is energy security - particularly in areas such as coal. We are expecting a lot of outbound coal transactions."

Bankers expect overseas companies to look aggressively for opportunities in India in 2011, as they sharpen their focus on fast-growing emerging markets with sectors such as consumer goods and pharmaceutical likely to be in focus.

The challenge in India has long been a lack of willing sellers, although there have been recent exceptions.

This week, British firm Reckitt Benckiser agreed to buy privately-held Indian ointments and personal care company Paras Pharmaceuticals for about $726 million.

That followed Laboratories' $3.72 billion purchase of the branded generics business of India's Piramal Healthcare in May.

"International players are realising that slowing growth in their home markets absolutely requires them to be in markets like India," said Topsy Mathew, managing director, M&A, at Standard Chartered in India.

"I think next year is going to be a big year in inbound activity by international majors to increase their foothold in India or establish their foothold in India,” he said. — Reuters

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Create Telangana or face political earthquake: TRS
Suresh Dharur
Tribune News Service

Hyderabad, December 17
Issuing a fresh ultimatum to the UPA government, the Telangana Rashtra Samithi (TRS) has warned of a political “earthquake” if steps were not initiated for the creation of separate Telangana state.

“I am giving an ultimatum to the Centre to honour the aspirations of four crore people of Telangana. If it goes back on the promise it had made on December 9 last, the administration will be paralysed and there will be intense agitations, causing an earthquake-like scenario in the region,” TRS president and MP K Chandrasekhar Rao said.

The fiery Telangana leader was addressing a massive public meeting last night at Warangal, the nerve centre of the statehood movement. The meeting, which served as a show of strength for the sub-regional party, adopted a resolution asking the Centre to introduce a Bill on the formation of Telangana state in the coming Budget session of Parliament or face an “earthquake” in the region.

The TRS chief asked Prime Minister Manmohan Singh not to “test the patience” of Telangana people who have been waiting for the last five decades to realise their statehood dream. The fresh warning came in the midst of growing fears over the political fallout of the Justice BN Srikrishna Committee’s report on Telangana, expected to be submitted by the month-end.

The five-member panel was constituted by the Centre in February last to examine the situation in the wake of demands for and against separate Telangana state.

The TRS leader said a meeting of the Telangana Joint Action Committee would be held in Hyderabad soon to chalk out a road map of agitations in the event of an unfavourable verdict by Srikrishna Committee. While making a scathing attack on the state Congress leaders for “betraying” Telangana cause for the sake of power, Rao, however, refrained from criticising the central leadership.

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Politicians woo farmers in Andhra

Hyderabad, December 17
Itching for a showdown with the ruling party he had recently quit, YS Jagan Reddy announced that he would go on a two-day hunger strike from December 21 in Vijayawada, along with “lakhs of farmers”, if the government failed to take adequate measures to help farmers affected by the recent heavy rains and floods.

Realizing that Jagan may walk away with the all the credit, the president of the main opposition TDP N Chandrababu Naidu sought to outwit him by announcing his plan to undertake indefinite fast from today if the government failed to come up with a reasonable package for farmers. Later, he deferred the programme after consulting his party leaders. This will be his first hunger strike in a 32-year-long political career.— TNS

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Engg graduates face a bleak scenario in IT hub
Less than 10% get selected during campus recruitments in Andhra
Suresh Dharur
Tribune News Service

Hyderabad, December 17
For a state that takes pride in its status as a leading IT hub, it is disquieting news. Less than 10 per cent of the engineering graduates coming out of the professional colleges find placement during campus recruitment.

According to an official estimate, a staggering 4.50 lakh engineering graduates would be on the streets looking for jobs when the recruitment season for 2010-2011 starts.

“Only 6 to 8 per cent of the graduates from the state have been hired since campus recruitment started this year. The backlog for the last two years is 3.20 lakh engineering graduates. This year, another 1.30 lakh students are likely to be added to the list,” state Technical Education Minister D Raja Narasimha said.

It is a problem of plenty for the engineering education sector with private colleges mushrooming across the state in recent years, resulting in dilution of standards. Experts say poor infrastructure facilities and shortage of qualified faculty are the main reasons for the gloomy scenario. A vast majority of students being churned out by these institutions are found unemployable.

According to a NASSCOM (National Association of Software and Services Companies) study released last week, only 12 per cent of the engineering students from Andhra “qualified in campus recruitment” last year while the figure for the current year showed a further fall.

Nearly 700 colleges in Andhra churn out 2.60 lakh engineering students every year out of the total 8.25 lakh seats in the country. The NASSCOM report said that nearly 75 per cent of the engineering graduates in the country would remain unemployed this year.

“Of the 22,000 lecturers required in engineering colleges, we have only 9,200. As for professors, we have only 1,100 as against the requirement of 3,200,” said an official of the Education Department.

According to a report by a legislative panel, set up by the government recently, about 60 to 70 per cent of the engineering colleges in the state lacked basic infrastructure.

Meanwhile, political unrest over Telangana statehood issue has further compounded the problem. There has been a large-scale migration of students to neighbouring states of Karnataka and Tamil Nadu to pursue professional education.

The fear of frequent shutdowns, disruptions and possible loss of academic year due to prolonged Telangana agitation has forced many parents to rethink about getting their children admitted to colleges here. 

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Cong trying to split my family: Jagan

Kadapa (AP), Dec 17
Continuing his attack on the Congress high command, former MP Y S Jagan Mohan Reddy today alleged the party leadership has hatched a conspiracy to split his family. Addressing a meeting of supporters from his native Pulivendula assembly constituency, Jagan claimed the Congress high command tried to split his family in a bid to weaken him. Jagan, who quit the Congress earlier this month, had alleged in his resignation letter to party president Sonia Gandhi that the high command tried to divide his family by offering a Cabinet berth to his uncle Y S Vivekananda Reddy.

Though some family members tried to bring about a rapprochement between Jagan and his uncle, the efforts failed. Jagan had earlier announced that he would launch a political party in about 45 days. — PTI

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