Aapnu Gujarat Mahaa by imexforex


More Info

        7th Oct- 2012
                                The forgotten
                                PM of India

                                2nd Oct His

                                TRIBUTE TO LAL BAHADUR SHASTRI IN UZBEKISTAN

                                 Former Prime Minister Late Lal Bahadur Shastri was
                                 remembered on his birth anniversary on Tuesday in Tashkent
                                 where he breathed his last on January 11, 1966, after signing
                                 the Tashkent Accord with Pakistan. The Chairman of the Mahalla
                                 Committee where the Shastri Memorial is situated, Indologists
from Institute of Oriental Languages, children from the nearby Hindi school and staff of the
Indian Embassy gathered at the Shastri Memorial in Tashkent and offered their tribute to the
second Prime Minister of India in a simple but impressive ceremony, said a communication from
the Indian mission in the Uzbek capital. The Indian Ambassador, Gitesh Sarma, in his address on
the occasion expressed his gratitude to the people of Tashkent for remembering Shastriji every
year and said it showed the closeness between the people of India and Uzbekistan.


AHMEDABAD: Visitors from across the globe flocked the Gandhi
Ashram in Sabarmati on the occasion of Gandhi Jayanti on 2nd
October. The Ashram was vibrant with a host of activities being
conducted throughout the day. Early morning prayer by Tarun
Sagar marked the beginning of the day, followed by a drawing
competition where around 400 children participated. A group of
photographers gathered at the Ashram on the beginning of the Joy
of Giving week for a unique purpose. Rahul Pardasani, who had
organized this photographers' meet said, "My idea is to bring a
smile on the faces of a few underprivileged people. We were a
group of 25 photographers today and we clicked photographs of
some kids from the slums of 'Rama pir no Tekro', who were here for
the drawing competition. Now we will gift each of them a printout
of his/her picture during this coming week." A blood donation camp
was organized by B J medical college in the Gandhi Ashram
premises, where more than sixty people participated in the noble
cause of blood donation. Also, there was an amusing exhibition of
paintings of Mahatma Gandhi made by thumb nails. Girish Panchal, who has made 144 such
paintings of Gandhiji said, "I have used my thumb nail to make these paintings. A special Ivory
paper is used to make these where I emboss the picture with my nail first and then use different
shades of colours to outline them." The day ended with a bhajan sandhya where bhajans were
sung by Pandit Uday Bhavalkar organized by SPIC MACAY- society for promotion of Indian
classical music and culture amongst youth. "All the arrangements for the bhajan sandhya were
made by the primary school kids of the Mahatma Gandhi School. This programme is by the
students, of the students and for the students", said Udit Thakre, a volunteer from SPIC MACAY.

Twenty one spots of importance where Mahatma Gandhi stopped during his Dandi yatra, will soon
be converted into memorials. The neglected Dandi trail project, announced by the Centre in 2005,
is now being revived by the Gujarat Tourism Corporation Ltd. The corporation has recently roped
in Centre for Environmental Planning and Technology (Cept) University to identify spots on the
386-km trail, which Gandhi had covered along with 78 satyagrahis on foot to protest against the
British salt tax. Most components of the trail - starting from Sabarmati Ashram to Dandi - are in
advanced stages of implementation by the tourism corporation. he Dandi Destination
Development Project, has so far spent Rs 9.3 crore on different components. "The spots will be
converted into memorials and museums to preserve historical places on the route, where Gandhiji
stopped to make speeches to the people," said a senior official from GTCL. According to the
official, the state government's cultural department will form a society to maintain the memorials.
So far, all that remain on this trail are ruins and fond memories in the hearts of old-
timers.Starting at Sabarmati Ashram, the route passes through Aslali, Navagam, Matar, Nadiad,
Anand, Borsad, Kankapura, Kareli, Ankhi, Amod, Derol, Ankleshwar, Mangrol, Umrachi, Bhatgam,
Delad, Surat, Vanjh, Navsari and Kardi. Fifteen of these night halts will be developed at a cost of
Rs 12.50 crore to be spent on basic signage, cleaning memorial stones, painting buildings,
libraries, meditation and community halls, offices, souvenir shops, stores/ pantries, guest rooms,
drinking water, toilets, parking, camp sites and public amenities centres among other
facilities.Even though Prime Minister Manmohan Singh declared the Dandi March route a 'heritage
route' on the 75th anniversary of the Dandi March in 2005, the Centre took a long time to allocate
any funds or issue a notification. Further, there were several points of confusions about the trail,
which delayed the project. A fund of Rs 344 crore was announced for the project.

                  323 MILLION INDIANS TO BE ABOVE 65 YEARS BY 2050

There will be 323 million in India by 2050 in the 65-plus age group as per a report prepared by
The Economist Intelligence Unit (EIU) report titled, "Preventive Care and Healthy Ageing Global
Perspective. The report was shared by Apollo Hospital during the old age pneumonia awareness
programme at Ahmedabad. The report said, the situation will further aggravate as healthcare
infrastructure in India is not adequately geared to take care of India's aging population. The
report talks of the alarming situation of geriatric (old people healthcare) care in the country and
focuses on the state of the elderly healthcare across 8 countries: India, Brazil, China, Japan,
Russia, South Africa, the UK and the United States. The report cites factors such as urbanization,
increased mobility among young people and growing numbers of working women as reasons for
deteriorating support for the elderly. In the next 40 years, India is expected to become home to
the world's second largest elderly population growing by three-to-four fold from the current
number. However, the country lacks adequate resources to manage child and infant mortality
along with healthcare issues affecting the elderly population. In India, geriatricians and experts
are launching various awareness campaigns to draw attention to the state of elderly healthcare
and the critical need to address these health conditions. The populations of the elderly, which
accounted for 6.7% in 1991, is expected to account for 12.17% of the overall population by
2026.One of the rising incidence of disease amongst older adults are pneumococcal disease as
they are more prone to develop pneumonia given the declining immune system functioning in the
elderly, combined with an increasing incidence of associated medical disorders. Dr. Jay Kothari,
Head of Department, ICU, Apollo Hospital, Ahmedabad said, "Pneumococcal pneumonia causes
complications, such as respiratory failure, congestive heart failure and shock. People with chronic
conditions are more susceptible to pneumococcal diseases, including pneumonia and may suffer
significant impairments to physical function, general health and vitality during a pneumonia
infection. Age is a primary risk factor for pneumococcal diseases as the immunity levels are lower
in old age. People must be made aware that a vaccine can used to prevent this disease." The
incidence of Pneumococcal disease is observed to be high particularly in young children (less than
5) and older adults (above 50 years of age). There is evidence to prove efficacy that the vaccine
reduces mortality and morbidity in the elderly. It also prevents infectious diseases like pneumonia
from spreading. Vaccine is as important as diet and exercise to remain healthy after the age of 55.

A high-level study carried out by Hyderabad-based Institute for Resource Analysis and Policy has
said that thanks the availability of Narmada waters, incomes of the farmers has substantially
gone up in about six lakh hectares (ha) where canal waters have reached since 2007. Just
submitted to the Sardar Sarovar Narmada Nigam Ltd (SSNNL), the study says that farmers who
have shifted to cash crops have particularly gained. Their net incomes from cotton increased by Rs
70,977 per ha in Bharuch, Rs 69,399 per ha in Vadodara, and Rs 49,568 per ha in Panchmahal.
From castor, an exceptionally high increase in net income was in Bharuch (Rs 94,279 per ha).
From fennel grown in Mehsana, it was Rs 55,363 per ha, from cumin in Surendranagar, which was
introduced after the arrival of canal water, the farmers started earning Rs 49,350 per ha on an
average. But for foodgrains, the incomes didn't rise as much. "From wheat, farmers secured a
higher net return ranging from Rs 4,505 per ha in Panchmahal to Rs 15,052 in Vadodara."
However, the study admits, "The effect of inflation on net income is not factored in while
estimating the income change", even as claiming, "The effect of inflation on change in net income
from crops is not expected to be high, as the time lag between pre-Narmada and post-Narmada
situations ranges from a minimum of two years in most locations." The study covers locations
where the canal networking has been completed and waters reach fields by gravity, and also
those (like in Mehsana, Ahmedabad and Surendranagar) where farmers siphon off water straight
from the Narmada canal by sinking up to three km long pipelines. The study says that average per
capita income of people in the Narmada command area, too, has gone up substantially. "The
largest increase was seen in Surendranagar (from Rs 65,526 to Rs 2.01 lakh), followed by
Bharuch (from Rs 1.76 lakh to Rs 3.37 lakh), Mehsana (Rs 1.02 lakh to Rs 2.29 lakh), and
Ahmedabad (Rs 1.19 to Rs 1.90 lakh)", it says. The study argues, "With increase in annual income
from farming, the families have started spending more money on children's education. The
expenditure on family nutrition has also increased substantially." It says, "Literacy data from
Census 2011 shows that districts which are already being served by Sardar Sarovar Narmada
Project have recorded high decadal growth in literacy in comparison to the state figures." It adds,
"Between 2001 and 2011, literacy rate increased from 51% to 66% in Banaskantha, 60% to 73%
in Narmada, 60% to 71.5% in Kutch, 61% to 72% in Panchmahal, 62% to 73% in
Surendranagar, and 72% to 84% in Kheda district."


The Government website 'www.gujaratindia.com' is now without any pictures of chief minister
Narendra Modi. The photographs, along with text listing achievements of the government, were
removed from official websites following directions from the State Election Commission. Anita
Karwal, chief electoral officer, Gujarat, said, "According to the code of conduct, even official
websites of the state government cannot have photographs of the council of ministers or any
publicity material about the achievements of the government." Following the direction, all images
of Modi on the website have been removed. Even names on the council of ministers have been
removed. Instead, the website now has links to webpages on the history of the state, fact files,
tourist places and wildlife among others. It also features the legendary figures of Gujarat which
include Mahatma Gandhi, Sardar Vallabhbhai Patel, Vikram Sarabhai, Dhirubhai Ambani and
Jamshedji Tata.District collectors have also swung into action pulling down all political publicity
material. In Ahmedabad, the district collector's office which is in charge of the election, said it has
removed materials from all areas excluding municipal corporation areas. The corporation will
remove publicity materials from its jurisdiction. In nagarpalika areas, about 25 hoardings, 31
banners, 47 wall paintings, 894 posters, 95 flags were removed. In the taluka panchayat area, 66
hoardings, 151 wall paintings and 123 posters were also removed. Ahmedabad District Collector,
Vijay Nehra said, all the materials have been removed from the city and district within the
mandated 48-hour period. He said teams have now been formed to ensure that no material comes
up and if any does, that it is immediately removed.

A toll free number, 1800 233 1045 FREE 1800 233 1045 , has been launched to register
complaints of violations of the model code of conduct.


Ek cutting chai, pani kam now costs Re1 more than it did about a week back, thanks to the
continuous rise in the prices of milk, sugar, tea and cooking gas. In the last one week, several
roadside tea stalls, more popularly known as kitlis, in Ahmedabad have increased the price of a
half-cup of tea from Rs6 to Rs7. Kitli-owners say they were left with no option but to increase the
price of tea because of the rise in prices. Even tea leaf prices had risen by Rs24 to more than
Rs300 per kg in Ahmedabad in May 2012. In the past three years, the cost of ‘cutting chai’ (half-
cup tea) has more than doubled. In August 2009, the kitlis were selling the half-cup tea for Rs3;
in October 2012 it is selling at Rs7. In the last three years, the price of ‘cutting chai’ has shot by
133%. The last time we increased the prices was during Diwali of 2011 when ‘cutting tea’ prices
were increased from Rs5 to Rs6. Now we have revised it further to Rs7.For kitlis, the rise in milk
and sugar prices is the lesser evil than an increase in the price of LPG. “Ever since thecap on
subsidized LPG cylinders was announced, the price of LPG cylinders in the black market has shot
up by Rs1,000 a cylinder. Till last month, we used to get an LPG cylinder of 14.2 kg for Rs800 but
now it costs Rs1,700 to Rs1,800,” said Suresh Patel, tea stall owner at Vastrapur. In the last two
years, sugar prices have gone up from Rs25 per kg to Rs45 per kg, milk prices have climbed from
Rs24 per litre to Rs36 per litre and the price of LPG cylinder has climbed from Rs400 to Rs1,800.


High inflation and an uncertain investment environment may make consumers in Ahmedabad cut
down on their spending this festive season. According to a study by industry body Assocham, over
69 per cent of people in Ahmedabad feel that rising inflation may take the sheen off the festive
season. With festivities around the corner, 51 per cent of the respondents said that they plan to
spend less as the prices have gone up. While over 54 per cent of the respondents will buy only on
sale or discounts, 27 per cent will spend less on sweets, clothes and other things. About 12 per
cent will buy fewer gifts whereas five per cent will buy recycled gifts. Over 78 per cent of the
respondents said that if they plan to spend, higher discounts will be the incentives for them. As
for gold shopping on the auspicious occasion, over 68 per cent of the respondents said that they
will spend three per cent of their total budget on gold items. Twenty seven respondents said that
they will spend money on sweets and clothes, nine per cent people will spend on buying a vehicle,
eight per cent will spend on gifts, food and drinks, 12 per cent will spend money on renovating the
house and eight per cent Amdavadis will spend on electronic goods. About 47 per cent of the
respondents said that they will pay for their purchases by using a credit card. Last year, middle
and lower middle income families in the city spent nearly 29 per cent of their salary on Diwali for
shopping, sweets, gifting, among other things. The survey was conducted in a period of two
months beginning August to September 2012 in Delhi, Mumbai, Kolkata, Chennai, Ahmedabad,
Hyderabad, Pune, Chandigarh, Dehradun, among others. A little over 200 employee were selected
from each city on an average. Delhi ranks first in curtailing their expenses followed by Mumbai,
Ahmedabad, Chandigarh, Kolkata and Chennai.

                                           Clliick on
                                           C ck on
                             Or copy past on the browser Or email

kunal@riticonsultancy.in       Mobile: +91 98253-99221        or   subbu@riticonsultancy.in

We offer a specialized solution in area of capital market. Provide funds to meet liquidity
requirement to business and HNI’S, mainly finance is against various investments in the capital
market like shares, Mutual fund, Bonds and other marketable instrument. Our product includes
Loan against security/Line of credit (O/D), Broker funding, Promoter funding, IPO financing,
ESOPS financing).
 If you are interested to utilize our service, please mail us at kunal@riticonsultancy.in or call
me at 91 98253-99221

Thanks and Regards,
Kunal D. Mehta

455 / 1, Shantinathji’s Pole, Haja Patel’s Pole, Kalupur Ahmedabad – 380 001. Gujarat India.



In a move to check unauthorised stock market trades through investor accounts, regulator Sebi
has asked exchanges to send SMS/Email alerts to every retail investor for all transactions in their
names in a day. The move follows complaints against brokers and other market entities
conducting transactions through accounts of their clients without the knowledge of the investor
concerned. While National Stock Exchange (NSE) would start sending transaction details to
mobile phones and Email accounts of all retail investors with effect from October 15, the BSE
would commence sending such SMS and Email trade alerts shortly. The market regulator had
proposed such a facility to alert investors about trades being conducted in their accounts more
than a year ago in August 2011. Consequently, BSE and NSE had asked their member brokers to
upload mobile numbers and Email details of their clients on the exchange platforms to facilitate
dissemination of such trade alerts.

                             AT A GLANCE

                       BSE : 18938.46 -119.69        NSE : 5746.95

                       FOREX $ / Re: 51.85     £: 83      € : 67

                        BULLION : GOLD 30800         SILVER : 62206

                                        GOVT, RBI TO EXPEDITE RULES ON NEWBANKING

                                    The government and the Reserve Bank of India (RBI) have
geared up to finalise the norms on new banking licences. In a meeting with the banking regulator,
Finance Minister P Chidambaram has assured that necessary amendments would be made in the
banking Act. “We have discussed this with RBI, and the central bank has agreed to take the
process forward. I have assured RBI that we will do our best to get the amendment Bill passed in
the winter session of Parliament,” said Chidambaram. The banking regulator had put out the draft
norms on new banking licences in August 2011. A year later, RBI released the highlights of
comments and feedback received on the draft norms. Chidambaram said inflation was a concern
and the real answer lied in increasing the supply. The hike in diesel prices would lead to a spurt in
inflation in the immediate term, but it would cool down, going forward, he said. Today the
government told RBI what it intends to do in future, the minister added.After taking charge as the
finance minister, this was Chidambaram’s first visit to the financial capital of the country. Apart
from RBI officials, he also met top officials of the Securities and Exchange Board of India, the
Association of Mutual Funds in India and the stock exchanges.Market players have urged the
finance minister to take more measures to address the financial challenges faced by the economy
and ensure that the country returns to high growth path. Chidambaram assured them there would
be more reforms.On raising the foreign direct investment (FDI) limit in insurance, Chidambaram
said the decision was taken so that the Indian partners were not burdened with additional capital

                               Forex reserves jump by $ 838 mn

India's foreign exchange reserves rose USD 838 million to USD 294.81 billion for the week ended
September 28 on the back of a heavy gain in the gold reserves, the Reserve Bank said. The foreign
exchange reserves had fallen by USD 502.4 million to USD 293.97 billion in the previous reporting
week. After remaining unchanged for weeks, the gold reserves shot up by USD 1.89 billion to USD
28.133 billion for the week ended September 28, RBI data released today showed. The gains in
the gold reserves helped offset a heavy fall in the foreign currency assets (FCAs), a major
component of the forex reserves.


Market regulator Sebi today proposed uniform guidelines for all classes of foreign investors, a
step aimed at simplifying the investment process for overseas entities and strengthen surveillance
over them. At its board meeting held here, Securities Exchange Board of India (Sebi) decided to
prepare draft guidelines in this regard with an aim to make uniform rules for different classes of
foreign investors such as FIIs, NRIs, Foreign Venture Capital Investors (FVCIs) and QFIs
(Qualified Financial Investors). "With a view to rationalise/harmonise different routes for foreign
portfolio investments, Sebi will prepare draft guidelines based on the guidance of the Working
Group on Foreign Investment in India (WGFII), for consideration of the Government so that
uniform guidelines are made for various categories of investors such as FII, FVCI, NRI, QFI etc,"
Sebi said in a statement after the board meeting. Sebi also relaxed its rules regarding the debt
limit allocation mechanism for FIIs (Foreign Institutional Investors), which have emerged as a
significant force to the Indian capital market over the years. The regulator said that "with effect
from January 1, 2014, FIIs shall be allowed to re-invest during the calendar year to the extent of
50 per cent of their debt holdings at the end of the previous calendar year." "The utilization period
for Government Debt and Corporate Debt limits will be reduced to 30 days and 60 days,
respectively," Sebi said. Within the FII debt limit, Sebi said, the unutilised limit in respect of
Corporate Debt infra long term bonds category may be availed by the FIIs/Sub Accounts without
obtaining prior Sebi approval till the overall FII investments reaches 90 per cent of the limit.
Thereafter, the auction mechanism shall be initiated for allocation of remaining limits, Sebi said.
For viewing latest Indian Stock Market – Gold – Currency Rate BSE-
           NSE Commentary, Gold-Rate, FX Currency.

                           QUOTE OF THE WEEK

                      IMEXFOREX SERVICES
                      IMEXFOREX SERVICES

                    ANARIE SOLUTIONS
                        NRI SERVICE PROVIDERS
                        NRI SERVICE PROVIDERS

                  E-mail: info@imexforex.com : imexforex@gmail.com


To top