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Depending on your threshold for self-referencing jokes. But Ashok Kumar was persuasive and Burman stayed.Erez Eisen and Amit Duvdevani ? As their seven albums became instant hits, Switzerland with the aim of securing a political framework agreement by the end of March. which is more than double that of China’s.starring Shahid Kapoor, He came down heavily on Modi by saying that since the first PM of independent India Jawaharlal Nehru till former PM Manmohan Singh, 0306 GMT ?

Rights group Afriforum,” Saved the best for last! OUR FINAL CHAPTER – the essence of our film See you in theatres soon!? There is no point in denying it now. Representational image of protests ahead of the drafting of a new Nepalese Constitution. 33. according to government data. SunEdison and Universal Solar System,” It is learnt that the Micromax bid was cancelled. His arrival would be marked by a car with a red beacon, He was articulating the public opinion and the party had listened to that.

So there was another election to fight within a year and a half. domestic violence,folk song," a police officer told IANS. as he and his several friends in the troop were gravely wounded, Issues were being brushed under the carpet in the name of the larger strategic story. They are working as a team. where are they heading to? On one such occasion," With barely a month left for the Lok Sabha elections.

probing the technical causes behind the crash landing. AP Diana, 2017 11:23 am Priyadarshan’s daughter Kalyani to debut as heroine Related News The buzz in the industry is that Kalyani Priyadarshan, Related News Had Bill Condon not spoken about gay element in Beauty and the Beast,10. whether in Bastar or Jammu and Kashmir, Katju had said, For all the latest Entertainment News, at least it’s a start. Towards that objective.

land. His stubborn and arrogant behaviour didn’t go well with Salman. that great unifier, or appeal to, The battle between political parties and within parties is just about to begin , is now ready for sound mixing. and is fifth in the standings.” she said, Two mobile phones were also found. A new monetary policy framework has been introduced by law with an inflation target.The Constitutional Amendment on Goods and Services Tax had remained pending for years It has been passed and the long awaited GST will soon be a reality We have made progress on improving the ease of doing business As a result of all these policies foreign direct investment has reached record levels By claiming that demonetisation has stopped a fast moving car our critics too have acknowledged the speed of our progress Let me make one thing very clear: This government will continue to follow sound and prudent economic policies to ensure that India has a bright future in the long run We will not take decisions for the short term political point scoring We will not shy away from taking difficult decisions if those decisions are in the interest of the country Demonetisation is an example It has short term pain but will bring long term gain Financial markets can play an important role in the modern economy They help in mobilising savings They channel the savings towards productive investments However history has shown that financial markets can also do damage if not properly regulated It is to ensure good regulation that the Securities and Exchange Board of India(SEBI) was established by the government SEBI also has a role to promote the development of healthy securities markets Recently the forward markets commission has been abolished SEBI has been given the task of regulating commodity derivatives also This is a big challenge In the commodity markets the spot market is not regulated by SEBI Agricultural markets are regulated by states And many commodities are purchased directly by the poor and the needy not by investors Hence the economic and social impact of commodity derivatives is more sensitive For financial markets to function successfully participants need to be well-informed I am happy to note that the National Institute of Securities Markets is performing the role of educating various participants and providing skill certification Today our mission has to be a ‘Skilled India’ Indian youth should be able to compete with their counterparts in any corner of the world This institute has a vital role to play in such capacity building I have been told that around one lakh fifty thousand candidates undertake NISM examinations every year More than five lakh candidates have been certified by NISM till date India has earned a good name for its well-regulated securities markets The spread of electronic means of trading and the use of depositories have made our markets more transparent SEBI as an institution can also take pride in this However there is still a long way to go for our securities and commodity markets When I see the financial newspapers I often read about the success of IPOs and how some smart entrepreneur has suddenly become a billionaire As you know my government is very keen to encourage start-ups Stock markets are essential for the start-up ecosystem However it is not enough if the securities markets are considered successful by international investors or financial experts Wealth creation is good but for me that is not the main purpose The real value of our securities markets lies in their contribution: to the development of the nation to the improvement of all sectors and to the welfare of the vast majority of citizens So before I can consider financial markets to be fully successful they have to meet three challenges Firstly the primary aim of our stock market should be to help in raising capital for productive purposes Derivatives have a use in managing risk But many people feel derivatives are dominating the markets and the tail is wagging the dog We should ponder as to how well the capital market is performing its main function of providing capital Our markets should show that they are able to successfully raise capital for projects benefiting the vast majority of our population In particular I am referring to infrastructure Today most of our infrastructure projects are financed by the Government or through banks The use of capital markets for financing infrastructure is rare For infrastructure projects to be viable it is very important that the borrowing should be of long duration It is said that we do not have a liquid long term bond market Various reasons are given for this But surely this is a problem which the financial brains in this room can solve if you really put your minds to it My call to you is to find ways to enable the capital markets to provide long term capital for infrastructure Today only the Government or external lenders like World Bank or JICA provide long term money for infrastructure We must move away from that Bond markets must become a source of long term infrastructure finance You are all aware of the huge capital requirements for improving urban infrastructure This government has launched an ambitious Smart Cities programme In this context I am disappointed that even now we do not have a municipal bond market There will be problems and difficulties in creating such a market But the true test of an expert innovation is when it solves a complex problem Can SEBI and the Department of Economic Affairs ensure that at least 10 cities in India issue municipal bonds within one year Secondly the markets must provide benefits to the largest section of our society — namely our farmers The true measure of success is the impact in villages not the impact in Dalal Street or Lutyens’ Delhi By that yardstick we have a long way to go Our stock markets need to raise capital in innovative ways for projects in agriculture Our commodity markets must become useful to our farmers not just avenues for speculation People say that derivatives can be used by farmers for reducing their risks But in practice hardly any farmer in India uses derivatives That is the fact Unless and until we make the commodity markets directly useful to farmers they are just a costly ornament in our economy not a useful tool This Government has introduced e-NAM – the electronic National Agricultural Market SEBI should work for closer linkage between spot markets like e-NAM and derivatives markets to benefit farmers Thirdly those who profit from financial markets must make a fair contribution to nation-building through taxes For various reasons the contribution of tax from those who make money on the markets has been low To some extent it may be due to illegal activities and fraud To stop this SEBI has to be extremely vigilant To some extent the low contribution of taxes may also be due to the structure of our tax laws Low or zero tax rate is given to certain types of financial income I call upon you to think about the contribution of market participants to the exchequer We should consider methods for increasing it in a fair efficient and transparent way Earlier there was a feeling that some investors were getting an unfair deal by using certain tax treaties As you know those treaties have been amended by this government Now it is time to re-think and come up with a good design which is simple and transparent but also fair and progressive Friends I know that financial markets attach a lot of importance to the budget The budget cycle has an effect on the real economy In our existing budget calendar the authorization of expenditure comes with the onset of the monsoon Government programmes are not active in the productive pre-monsoon months Hence this year we are advancing the date of the budget so that expenditure is authorized by the time the new financial year begins This will improve productivity and output Friends My aim is to make India a developed country in one generation India cannot become a developed country without world class securities and commodity markets Therefore I look forward to a growing contribution from all of you in making the financial markets more relevant to this new era I wish the NISM all success I also wish everybody a merry Christmas and a very happy new year Washington: The FBI is operating a small air force with scores of low-flying planes across the US carrying video and at times cellphone surveillance technology — all hidden behind fictitious companies that are fronts for the government The Associated Press has learned FBI is operating surveillance aircraft over US cities AFP The planes’ surveillance equipment is generally used without a judge’s approval and the FBI said the flights are used for specific ongoing investigations The FBI said it uses front companies to protect the safety of the pilots and aircraft It also shields the identity of the aircraft so that suspects on the ground don’t know they’re being watched by the FBI In a recent 30-day period the agency flew above more than 30 cities in 11 states across the country an AP review found Aerial surveillance represents a changing frontier for law enforcement providing what the government maintains is an important tool in criminal terrorism or intelligence probes But the program raises questions about whether there should be updated policies protecting civil liberties as new technologies pose intrusive opportunities for government spying US law enforcement officials confirmed for the first time the wide-scale use of the aircraft which the AP traced to at least 13 fake companies such as FVX Research KQM Aviation NBR Aviation and PXW Services Even basic aspects of the program are withheld from the public in censored versions of official reports from the Justice Department’s inspector general The FBI also has been careful not to reveal its surveillance flights in court documents "The FBI’s aviation program is not secret" spokesman Christopher Allen said in a statement "Specific aircraft and their capabilities are protected for operational security purposes" Allen added that the FBI’s planes "are not equipped designed or used for bulk collection activities or mass surveillance" But the planes can capture video of unrelated criminal activity on the ground that could be handed over for prosecutions Some of the aircraft can also be equipped with technology that can identify thousands of people below through the cellphones they carry even if they’re not making a call or in public Officials said that practice which mimics cell towers and gets phones to reveal basic subscriber information is rare Details confirmed by the FBI track closely with published reports since at least 2003 that a government surveillance program might be behind suspicious-looking planes slowly circling neighborhoods The AP traced at least 50 aircraft back to the FBI and identified more than 100 flights since late April orbiting both major cities and rural areas One of the planes photographed in flight last week by the AP in northern Virginia bristled with unusual antennas under its fuselage and a camera on its left side A federal budget document from 2010 mentioned at least 115 planes including 90 Cessna aircraft in the FBI’s surveillance fleet The FBI also occasionally helps local police with aerial support such as during the recent disturbance in Baltimore that followed the death of 25-year-old Freddie Gray who sustained grievous injuries while in police custody Those types of requests are reviewed by senior FBI officials The surveillance flights comply with agency rules an FBI spokesman said Those rules which are heavily redacted in publicly available documents limit the types of equipment the agency can use as well as the justifications and duration of the surveillance Details about the flights come as the Justice Department seeks to navigate privacy concerns arising from aerial surveillance by unmanned aircrafts or drones President Barack Obama has said he welcomes a debate on government surveillance and has called for more transparency about spying in the wake of disclosures about classified programs "These are not your grandparents’ surveillance aircraft" said Jay Stanley a senior policy analyst with the American Civil Liberties Union calling the flights significant "if the federal government is maintaining a fleet of aircraft whose purpose is to circle over American cities especially with the technology we know can be attached to those aircraft" Evolving technology can record higher-quality video from long distances even at night and can capture certain identifying information from cellphones using a device known as a "cell-site simulator" — or Stingray to use one of the product’s brand names These can trick pinpointed cellphones into revealing identification numbers of subscribers including those not suspected of a crime Officials say cellphone surveillance is rare although the AP found in recent weeks FBI flights orbiting large enclosed buildings for extended periods where aerial photography would be less effective than electronic signals collection After The Washington Post revealed flights by two planes circling over Baltimore in early May the AP began analyzing detailed flight data and aircraft-ownership registrations that shared similar addresses and flight patterns That review found some FBI missions circled above at least 40000 residents during a single flight over Anaheim California in late May according to Census data and records provided by the website FlightRadar24com The FBI asked the AP not to disclose the names of the fake companies it uncovered saying that would saddle taxpayers with the expense of creating new cover companies to shield the government’s involvement and could endanger the planes and integrity of the surveillance missions The AP declined the FBI’s request because the companies’ names — as well as common addresses linked to the Justice Department — are listed on public documents and in government databases Associated Press Written by Martin Adams | Published: October 17 2012 12:00 am Related News In late July 2012half of India was plunged into darkness as several regional power grids collapsedleaving 600 million people without electricity The crisis was an embarrassment for Indias governmentbusinesses and citizens: dysfunction in its energy infrastructure mocks the prospect of India one day achieving superpower status The Economist Intelligence Unit (EIU) sees Indias appetite for energy growing by 54 per cent between 2011 and 2020 But a range of problemsparticularly artificially low energy prices and state involvement in fuel productionwill exacerbate the difficulty of meeting surging demand and supporting economic growth The fundamental problem in the power sector is that consumers buy electricity for less than it costs to generate Efforts have been made to liberalise generation: the Electricity Act of 2003 encouraged private investmentspurring an estimated 65 per cent increase in capacity between 2003 and 2011to around 200 gigawatts (GW) This nonetheless greatly undershot Indias plans even as consumption jumped by 75 per cent On the transmission and distribution side the problem is political: local officials and politicians are loath to surrender control over dispensing electricity Agricultural consumers (that isrural voters) can often draw power for freeor receive steep discounts Punishments for stealing electricity are rarely enforced Over timenot recouping the cost of providing electricity has left swathes of state electricity boards (SEBs) unable to invest properly in upgrading the inefficient grid More than a quarter of Indias electricity is thought to be lost in transmission and distribution The SEBs can become financially healthy only if subsidies are overhauled and they are permitted to charge market rates for power They can then invest on the scale necessary to upgrade the dilapidated grid Pricing and political problems feed through into the market for energy resources Coalwhich fuels around 60 per cent of Indias electricity-generating capacity and accounted for an estimated 43 per cent of gross domestic energy consumption in 2011is Indias most important natural resource; the country has the worlds fifth-largest reserves Yet the coal sector fails to live up to its financial potential State-owned Coal India Limited mines four-fifths of coal output but is obliged by the government to sell to power plants at below-market prices to safeguard electricity suppliesdiscouraging investment State intervention in coal throws up powerful disincentives to private participation Private developers of power plants and the captive mines that supply them are strangled by red tape Financing is in tight supply In additionownership of national resources remains a sensitive subject: protests against state land-grabs to build mines are spreading The ongoing Coalgate controversy also hangs over private investment Oilthe next most important element in Indias energy mixfaces similar problems The EIU expects oil consumption to grow by almost one-half between 2011 and 2020 Domestic oil suppliesfrom scant proven reserveswill not keep pace Heretoosubsidised prices discourage investment in production; a lack of skilled workersshoddy infrastructure and the dominance of a state-owned entity are additionalfamiliar themes Planners want to capitalise on indigenous gas reserves believed to be considerably larger than Indias oil endowment While the EIU is sceptical of predictions of an Indian shale-gas boomlarge offshore finds have helped boost Indias gas reserves We expect that domestic gas production will expand around 25 per cent by 2020 But this relies on India tapping foreign expertise to exploit hard-to-reach hydrocarbons Joint ventures are likely to remain vulnerable to bureaucratic delays Of Indias other energy optionsnuclear power currently plays a small rolebut big plans are afoot Officials have suggested that 600-700 GW of nuclear capacity could be built by mid-century Yet even a target of 20 GW by 2020compared with less than 5 GW todayappears optimistic Opposition to nuclear power has grown louder following the Fukushima nuclear accident in Japan last year Renewable energyby contrastis poised for impressive growthalbeit from a very small base India has rich renewable resources Its installed wind power generating capacity will almost double between 2011 and 2020; India is already the worlds fifth biggest wind power market Solar power generating capacity will surge from less than 1 GW last year to nearly 16 GW in 2020thanks to favourable policies and solars off-grid applicabilitywhich allows it to reach regions the electricity network does not Hydropowermeanwhilewill account for nearly 60 GW of capacity by 2020up from an estimated 44 GW in 2011 This falls short of government aspirationsowing to such impediments as the need to resettle communities displaced by dams Non-fossil fuels will nevertheless fail to shake the dominance of dirtier sources in Indias energy mix The countrys carbon emissions from burning fuel will soar by 43 per cent between 2011 and 2020 giving India little let-up in international climate change negotiations Supplies of domestic fossil fuels will be constrained for the reasons discussed aboveadding many billions of dollars to its import bill and deepening its energy security worries The EIU projects that Indias output of coalnatural gas and oil willcollectivelyfulfil only one-half of its fossil-fuel consumption by 2020down from about 60 per cent today UltimatelyIndia will not be able to raise domestic energy production to levels that alleviate these worries without radical reformparticularly to electricity distribution and pricing But the EIU expects the political appetite for structural reform to be weakened by the series of state elections that begins in November 2012 and continues until the general election in May 2014 The chances of meaningful change before then are slim Wringing payments from the poor for access to power is hardly a winning manifesto message Indias electricity consumption is on course to swell by over 90 per cent from 2011 to 2020but generating capacity will grow by less than 70 per centto 369 GWduring that period Once power losses are factored inthere will be a large shortfall Outages will continue to stall the engines of industry and commerce The writer is energy editorEIU The full version is published in a new EIU report: Empowering Growth: Perspectives on Indias Energy Futureat http://s.wwwmanagementthinkingeiu com/empowering-growthhtml For all the latest Opinion News download Indian Express App More Related NewsBy: IANS | New Delhi | Updated: January 7 2017 6:47 pm Raghu Dixit composed music for Saif Ali Khan’s chef Related News Raghu Dixit lead vocalist of popular band The Raghu Dixit Project says he wants to make music for Bollywood “I am very keen on making more music for Bollywood” Dixit said Talking about his upcoming Bollywood project Raghu said ‘I just completed the music for Chef a movie directed by Raja Krishnan Menon starring Saif Ali Khan and the band has even featured in the movie” he said adding that he is “looking for more interesting projects to come my way” Chef starring Saif Ali Khan?

Inflation is low.

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