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| State-wide campaign to 'refurbish' BJP image | 24-NOV-09 |
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| BJP’s Karnataka unit today asked party wor-kers to undertake a state-wide campaign to “refur-bish” the party’s image to ensure that the recent dissident activity does not have an adverse impact on its poll prospects in the December 18 election for the state legislative council. |
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| BoB, Andhra Bank risk JV may kick off in Dec | 24-NOV-09 |
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| Bank of Baroda (BoB), Andhra Bank and Legal & General’s insurance joint Venture, IndiaFirst Life Insurance Co, has received all regulatory approvals for its products, and would launch operations in the second or third week of December, P Nandagopal, chief executive officer, IndiaFirst Life Insurance, said. |
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| Punching below weight | 24-NOV-09 |
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| The 27-member European Union needs more than a President to make its global presence felt. The election of Belgian Prime Minister Herman Van Rompuy as President of the EU and of the EU Trade Commissioner Catherine Ashton as the EU’s foreign policy chief does mark an important milestone in EU’s evolution as a coherent political group, but how important will depend upon the EU’s willingness to play its part in global affairs. For the past few months, the US, China, Russia, India and even Brazil have been grabbing more headlines in global media than the EU. Asia’s rise and America’s assertiveness had cast a shadow on the EU in the past few years. The global economic crisis and slowdown have, in fact, given the EU an opportunity to raise its profile once again. Germany and France, in particular, have been able to re-assert their global presence through deft political and economic management at home. |
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| HDFC Standard Life lowers capital infusion by Rs 100 crore | 24-NOV-09 |
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| Mumbai-based HDFC Standard Life Insurance Company today said the various cost saving measures adopted by the company would lead to less need for capital infusion during the current financial year. The company’s original plan was to invest about Rs 350 crore in the current financial year, which now may come down to Rs 250 crore. |
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| Letters: Facts in a Twist | 24-NOV-09 |
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| This is in response to your editorial “Genes in a twist” (October 30) that dealt with genetically engineered crops. If the intention of good journalism is to communicate facts with clarity, then your editorial was designed to mislead since it was factually wrong. You say that the Green Revolution of the ’60s was also the result of genetic modification. That, in fact, was simple cross-breeding. Today, the term “modified genes” is linked to modern biotechnology which is synonymous with genetic engineering.The genetically modified organisms (GMOs) are created when the genomes of one organism are transferred into another and are designed to break down species barrier. |
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| Hard times in software | 24-NOV-09 |
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| With half the financial year gone, it is increasingly clear that the global slowdown has speeded up a structural change that has been taking place in the Indian software industry for quite some time now. The medium-sized firms are getting squeezed more and it is the market leaders that are better able to survive. Firms like TCS and Infosys have clocked modest but clear top line growth in the first half, whereas established mid-sized players have in many instances posted a fall in top line in relation to the same period of the previous year. The trend was set with the high profile $1.5-billion BP deal awarded a couple of months ago in which the Indian leaders figured prominently but the total number of vendors was cut down from 40 to just five! This implied the elimination of many mid-sized vendors, in whichever geography they may have been located. |
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| Priceless wisdom | 24-NOV-09 |
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| While addressing a conference hosted by The Energy and Resources Institute (Teri), its director general RK Pachauri said that Environment Minister Jairam Ramesh would give Teri Rs 1 crore for a campaign to spread awareness about protecting the environment. He then said, “I now request Mr Ramesh to share his wisdom with all of us.” To which , Ramesh replied, “I can only share my wisdom but cannot give you Rs 1 crore.” Before Ramesh could say anything further, Pachauri remarked, “This means now we’ll get Rs 2 crore from the minister. |
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| A super law secretary? | 24-NOV-09 |
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| Law Minister Veerappa Moily has always been one of the more intelligent members in the UPA government. Yet, he has defied a basic principle of good administration: Retaining the services of former Law Secretary PK Viswanathan as his adviser despite Viswanathan’s retirement a couple of weeks ago. Moily should realise that this is bound to make DR Meena, the new law secretary, feel insecure and resentful with the shadow of his predecessor looming large over the ministry. However, if the objective was to give Viswanathan a post-retirement sinecure, Moily could have found him a job in any of the statutory bodies where vacancies arise almost every other week. But now that he has chosen to retain Viswanathan as his adviser, he will have to smooth a few ruffled feathers. |
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| Fuel-efficiency norms for auto by 2011: Ramesh | 23-NOV-09 |
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| The Government is in the final stage of notifying the fuel efficiency standards for automobile sector in the country which will be enforced from 2011, Environment Minister Jairam Ramesh said today. |
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| Nuke deal, Pak, terrorism on agenda as PM meets Obama | 23-NOV-09 |
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| Implementation of the landmark civil nuclear deal, the situation in Pakistan and terrorism emanating from there would be high on the agenda as Prime Minister Manmohan Singh and President Barack Obama meet here tomorrow for talks during which they are expected to give a major push to the Indo-US strategic ties. |
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| L N Mittal doubles his stake in Ophir Energy | 23-NOV-09 |
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| Steel magnet Lakshmi N Mittal has paid over $10 million to double his stake in Africa- focused Ophir Energy Plc to 21.2 per cent, even as he exited the oil and gas business in the Central Asian nation Kazakhstan. |
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| The business of education | 23-NOV-09 |
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| In the past week, this newspaper carried three related news reports on the business and economics of education. First, we reported that public expenditure on education in the Eleventh Plan period was falling short of the set target. This despite the fact that the prime minister dubbed the Eleventh Five Year Plan as the “National Education Plan”. Second, we reported the findings of the US Institute of International Education that Indian students spent as much as $2.75 billion (Rs 12,500 crore) in the US by way of tuition fees and living expenses during academic year 2008-09. Add to this what Indian students are increasingly willing to pay for education in other English-speaking countries around the world. Third, we reported the decision of the Union human resource development ministry to seek ideas from a group of Indian businessmen on ways in which for-profit private educational institutions can bridge the resources gap in higher education. |
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