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Tuesday, October 28, 2014

Current Affairs - 28 October 2014

by , in

In a democracy, President's rule can't go on forever: SC on Delhi govt formation

    Delhi's lieutenant governor should have taken decision on government formation at the earliest and should not have taken 5 months time, the Supreme Court said.
  • NEW DELHI: The Supreme Court on Tuesday pulled up the Centre and the Delhi lieutenant governor for delay in taking decisions regarding government formation.

    "Delhi's lieutenant governor should have taken decision on government formation at the earliest and should not have taken five months time," the Supreme Court said.

    "In a democracy, President's Rule can't go on forever. Have given enough time, nothing has happened. People of Delhi have the right to a government," the Supreme Court said.

    "We gave you enough time but nothing happened and you always make one statement or other on the day of hearing," the Supreme Court said.

    "Suppose lieutenant governor is going to invite the largest party (BJP). Are they in a position to form the government?" the apex court enquired, apparently making a reference to the number of legislators the BJP has in the Delhi assembly.

Maharashtra BJP legislature party to elect its leader today; initial cabinet likely to be compact

    Devendra Fadnavis, who is a certainty for the post of chief minister, is expected to keep the general administration, urban development and housing department portfolios with himself
  • MUMBAI: A high-level BJP team on Monday held discussions on the initial size of the cabinet and possible names for key portfolios ahead of Friday's swearing-in of a new government in the state.

    "Prime Minister Narendra Modi has asked us to ensure that the size of the cabinet is as small as possible and maximum emphasis is on providing a results-oriented administration," a senior BJP leader told TOI after the team's meeting.

    Accordingly, in the first round of portfolio distribution, less than a dozen cabinet members will be inducted and a number of departments merged. A source said that the Krishna Valley Development Corporation may be merged with the water resources department, and the Maharashtra State Road Development Corporation (MSRDC) with the public works department (PWD).

    There's likely to be a single cabinet minister for medical education, public health, and food and drug administration, and another for home and transport.

    Devendra Fadnavis, who is a certainty for the post of chief minister, is expected to keep the general administration, urban development and housing department portfolios with himself.

Indian soldiers prevent Chinese troops from constructing road in Arunachal

    Sources said the PLA's "heightened activity" was been witnessed in Asaphila region for some months now.
  • NEW DELHI: Arunachal Pradesh, much like eastern Ladakh, continues to be a major flashpoint between India and China, with Indian troops recently blocking attempts by the People's Liberation Army soldiers to once again construct a road in the Asaphila region.

    While the Asaphila incident did not lead to a prolonged military face-off, unlike the serious ones at Chumar and Demchok in eastern Ladakh last month, it's an indication of the continuing shadow-boxing between the two countries all along the 4,057-km long Line of Actual Control.

    Both armies undertake regular patrols to lay claim to "8-10 disputed areas" like Asaphila, a remote 100 sq km area along the LAC in Upper Subansiri division of Arunachal, as well as the so-called "Fish Tail-I and II" areas in Chaglagam sector, which take their name from the shape the LAC takes in the region.

    Sources said the PLA's "heightened activity" was been witnessed in Asaphila region for some months now. "The PLA troops, with vehicles and other equipment, then tried to build a road till Point 2445. They were then stopped from doing so by our soldiers," said a source.

Black money account holder big donor to BJP, Congress

    Radha S Timblo, a Goa-based miner, donated Rs 1.18 crore to the BJP and Rs 65 lakh to the Congress between 2004 and 2012.
  • CHENNAI: One of the three people whom the Centre named in the Supreme Court as being black money account holders had made big donations to both BJP and Congress between 2004 and 2012.

    Radha S Timblo, a Goa-based miner and owner of Timblo Pvt Ltd, donated Rs 1.18 crore to the BJP and Rs 65 lakh to the Congress in this period, Association of Democratic Reforms (ADR) said, quoting figures submitted by the parties to the Election Commission.

    The Centre on Monday named Pradip Burman, Radha Timblo and Pankaj Lodhiya in an affidavit submitted to the Supreme Court on people with black money accounts.

    "An analysis of the donations made by individuals and corporates to national parties between 2004-05 and 2011-12 shows that Timblo Pvt Ltd, whose managing director is Radha Timblo, donated nine times to the BJP, a total of Rs 1.18 crore and thrice to the Congress, to a total of Rs 65 lakh, in seven years," said Jagdish Chokkar, a founder-member of ADR, a group that advocates electoral reform.

World’s first windowless plane set to take off

    A concept view of the passenger section of the windowless plane. (Photo courtesy Centre for Process Innovation)
  • LONDON : The world's first windowless plane is all set to take off. A British developer will soon test a windowless plane that allows passengers to see what's going on outside.

    The windows would be replaced by full-length screens allowing constant views of the sky and space outside.

    Passengers would be able to switch the view on and off according to their preference, identify prominent sights by tapping the screen or just surf the internet.

    Scientists and engineers at Centre for Process Innovation (CPI) called it "the windowless cabin with a view".

    They said, "The days of glimpsing the world through a tiny plastic porthole when you fly are soon to be a thing of the past; future aircrafts will offer a crystal clear panoramic view without any windows at all. We are developing ultra-flexible, high-definition display technologies that could line the interior walls of cabins and display live footage from external cameras.

Social media creates panic, spreads rumours about cyclone Nilofar

    Nilofar expected to hit Kutch region on Friday
  • PANAJI: While social media definitely has its perks, it can also act as a fertile ground for imaginations to run wild and to spread rumours, as was evident in the past few days where social media users claimed that Cyclone Nilofar would soon
    hit Goa.

    "Nobody is referring to our website. IMD is the nodal agency for this. Cyclone Nilofar is not going to affect Goa," Indian meteorological department director V K Mini said, while trying to assuage fears that the cyclone would wreck havoc across the state.

1.5 lakh people swamp Taj Mahal on Diwali weekend

    On Diwali weekend, there were a staggering and unbelievable 1.5 lakh people inside the Taj Mahal, and doing pretty much what they pleased.
  • AGRA: India's best loved, much visited and most famous — by far — monument is in some real and present danger. 

    On Diwali weekend, there were a staggering and unbelievable 1.5 lakh people inside the Taj Mahal, and doing pretty much what they pleased. While many were merrily clicking pictures in the mausoleum (a strict no), others were running their sweaty palms down Shah Jahan's labour of love (another big no). 

    And as shoe covers had run out of stock (as usual), innumerable tourists were seen stomping around in their shoes, turning the lone policeman's duty there into a nightmare. Experts now believe that if this kind of unregulated and undisciplined traffic goes on, the damage to India's biggest tourist attraction will be irreversible. 

Japan telecom giant SoftBank to invest $10bn in India

    Masayoshi Son, Japan's richest man, is eyeing investments in e-tailing and technology companies in India.
  • NEW DELHI/ MUMBAI: Japanese telecom and internet giant SoftBank on Monday announced its intent to invest nearly $10 billion (around Rs 60,000 crore) in India over the next few years, with Masayoshi Son, the $92 billion conglomerate's chairman and founder, expected to kick off investments during his trip to India, where he is expected to meet several entrepreneurs .

    Son mentioned the investment intention during his meeting with communications and IT minister Ravi Shankar Prasad, an official statement said, adding that India is "the top most priority for SoftBank".

    Japan's richest man, who had invested $20 million in Chinese e-commerce giant Alibaba in 2000, is eyeing investments in e-tailing and technology companies in India, said sources privy to the discussions. Son is learnt to have suggested that the Centre should speed up the rollout of telecom infrastructure and quickly move to nationwide 4G services.

Maruti to roll out India’s cheapest automatic car with Alto

The company focused on the automatic category with the Celerio compact and plans to introduce it on other models in the coming time.
  • NEW DELHI : Maruti Suzuki is driving in the country's cheapest automatic car early next month. The company has chosen its Alto 1000cc model for the automatic variant, which is expected to be priced at under Rs 4 lakh. 

    The company focused on the automatic category with the Celerio compact and plans to introduce it on other models in the coming time, sales & marketing head R S Kalsi said. 

    Alto's automatic variant will use the Auto-Gear Shift (AGS) technology that the company had deployed on Celerio. Of nearly 83,500 units of Celerio booked so far, around 40% are running with the AGS technology.

GENERAL AWARENESS PRACTICE MCQs FOR BANK EXAMS

  • 1. Seeking to boost manufacturing sector, Govt. has extended the benefits of the NMP throughout the country wherever industry can organise itself into clusters and adopt a selfregulatory model. What does NMP stand for?
    1) National Marketing Policy
    2) National Manufacturing Policy
    3) National Maintenance Policy
    4) National Manufacturing Practice
    5) National Manufacturing Promotion
  • 2. Which combined military training exercise "Yudh Abhyas 2014" has been conducted in the foothills of Himalayas of Chaubattia in Uttarakhand from September 17 to 30, under the aegis of Garud Division/ Surya Command?
    1) Indo-US
    2) USA-USSR
    3) Indo-Pak
    4) Indo-UAE
    5) Indo-Aus
  • 3. As per the new rules formed by the Govt. aimed at checking political interference, officers of the three premier services IAS, IPS and IFS will now spend at least what time in each posting?
    1) One year
    2) Two years
    3) Three years
    4) Four years
    5) Five years
  • 4. In a step towards better management of its borrowings, the central govt. has prepared PDMA Bill. Consider the following with respect to PDMA:
    (A) PDMA is acronym for Public Debt Management Agency.
    (B) The proposed agency will be established as a statutory body.
    (C) It is expected to take away the borrowing task from the RBI.
    Which of the above statements is/ are correct?
    1) Only (A)
    2) Only (B)
    3) Only (C)
    4) Only (A) and (B)
    5) Only (A) and (C)
  • 5. According to the Sixth Economic Census 2013 released on 9 September 2014, the highest percentage of hired workers in India is present in which State?
    1) AP
    2) MP
    3) Arunachal Pradesh
    4) Odisha
    5) Assam
  • 6. The Union Cabinet approved the creation of India Inclusive Innovation Fund (IIIF) recently. Consider the following in this regard and choose the correct statement(s):
    1) The National Innovation Council and the Ministry of Micro, Small and Medium Enterprises (MSME) have jointly created the fund.
    2) IIIF seeks to leverage the model of venture capital to transform the lives of the less privileged
    in the country.
    3) The fund will be registered with the SEBI with an initial corpus of Rs.5,000 cr.
    4) All the above
    5) Only (1) and (2)
  • 7. The central bank of which of the following countries has approved domestic trading in the Chinese Yuan, Japanese Yen, Australian Dollar as well as Indian Rupee in a move that will effectively make those currencies legal tender in the country?
    1) Azerbaijan
    2) Mogadishu
    3) Zimbabwe
    4) Nigeria
    5) Bhutan
  • 8. In the recently concluded 17th Asian games India won 57 medals. India placed in ........ position
    1) 11th
    2) 8th
    3) 6th
    4) 13th
    5) 7th
  • 9. The high-level committee that was constituted by Supreme Court in January 2014 in its report on 8 September 2014 revealed that most of the deemed universities are unfit for the status. Which is that high-level committee?
    1) H Devaraja Committee
    2) V Seneghal Committee
    3) Tandon Committee
    4) Mudgal Committee
    5) Sri Krishna Committee
  • 10. Which of the following is the first country, Narendra Modi visited as Prime Minister of India?
    1) Malaysia
    2) Japan
    3) USA
    4) Bangladesh
    5) Bhutan
  • 11. In the recently concluded Asian games, with which of the following partner India's Sania Mirza won the gold medal in the mixed doubles?
    1) Horia Tecau
    2) Mahesh Bhupathi
    3) Saketh Myneni
    4) Rohan Bopanna
    5) None of these
  • 12. President Pranab Mukherjee conferred Ashok Chakra upon K Prasad Babu posthumously on 65th Republic Day. He was a Sub- Inspector in Greyhounds in the state of...
    1) Odisha
    2) Jharkhand
    3) Bihar
    4) West Bengal
    5) Andhra Pradesh
  • 13. In which of the following states, Wildlife Trust of India (WTI) and Tata Chemicals Limited (TCL) in first week of September 2014 signed a Memorandum of Understanding (MoU) to setup India's first of its kind Coral Garden?
    1) Gujarat
    2) Odisha
    3) Telangana
    4) Andhra Pradesh
    5) Madhya Pradesh
  • 14. Parliament of Iraq on 8 September 2014 approved a new government headed by a person as Prime Minister. Who is that person to head the government as Prime Minister?
    1) Haider-al-abadi
    2) Osama − al− Zuferi
    3) Abdul Kjader
    4) Hoshyar Zubedi
    5) None
  • 15. McKinsey India Chairman 'Adil Zainulbhai' has been appointed as the Chairman of Quality Council of India (QCI) for a period of...
    1) 5 years
    2) 2 years
    3) 4 years
    4) 3 years
    5) 6 years
  • 16. World observed "International Day for the preservation of the Ozone Layer 2014" on..
    1) September 16
    2) September 12
    3) September 17
    4) September 20
    5) September 22
  • 17. Central Board of Direct Taxes (CBDT) exempts winners of which of the following awards/ games from paying income tax on cash or other rewards given by the govt?
    1) Ramon Magsaysay award
    2) Olympics
    3) Commonwealth games
    4) All the above
    5) None of these
  • 18. The Supreme Court has laid down 12 guidelines for authorities in dealing with death-row prisoners recently. Which of the following is NOT true in this regard?
    1) All the required documents/ records should be sent to the Ministry of Home Affairs (MHA) in one stroke.
    2) The rejection of mercy plea by the President should be communicated to prisoners in
    writing.
    3) There should be a gap of 30 days between receipt of communication of rejection of
    mercy petition and execution date.
    4) The post-mortem of death convicts after their hanging has been made obligatory.
    5) None of these
  • 19. Kaushik Basu is going to be the second Indian after Amartya Sen to head?
    1) Indian Economic Association
    2) Indian Civics Association
    3) Indian Economic Council
    4) Economic association of India
    5) None
  • 20. The Arvind Mayaram panel is considering redefining overseas inflow. As per the proposal, any individual investment above 10 percent of the paid-up capital in a listed company will be treated as which of the following?
    1) Foreign Direct Investment
    2) Foreign Portfolio Investment
    3) Qualified Foreign Investors
    4) Foreign Institutional Investment
    5) None
  • 21. Which of the following is NOT correct about India's strategic missile Agni-IV?
    1) It is a nuclear-capable strategic missile and has a strike range of about 4,000 km
    2) The missile cannot be launched from a roadmobile launcher.
    3) It has two stages of solid propulsion
    4) It has a re-entry heat shield which can withstand temperature of more than 3000 degrees Celsius.
    5) It carries state-of-the-art Ring Laser Gyros based high accuracy INS and Micro Navigation System (MINGS).
  • 22. Which of the following cricket teams lost its one-day international status recently after it failed to win the final super six game in New Zealand in the World Cup qualifiers?
    1) Kenya
    2) Zimbabwe
    3) Scotland
    4) UAE
    5) None of these
  • 23. Mission Mangalam, an integrated poverty alleviation and rural woman empowerment initiative of which among the following states?
    1) West Bengal
    2) Rajasthan
    3) Gujarat
    4) Kerala
    5) Arunachal Pradesh
  • 24. As per currently prevailing norms, 49 percent FDI is allowed under automatic route in private sector banks in India. However, under the govt route FDI limit is up to...
    1) 64%
    2) 74%
    3) 84%
    4) 94%
    5) 100%
  • 25. The RBI announced to conduct open market operations, aimed to adjust the rupee liquidity conditions in the market by selling or purchasing which of the following?
    1) Govt. securities
    2) Public Sector Banks (PSB's) shares
    3) Shares of blue chip PSUs
    4) Gold
    5) None of these
  • 26. The Govt. had set up a six-member committee to address concerns of people from the Northeast following outrage over the death of a 19-year-old student in Delhi from Arunachal Pradesh. The Committee was headed by...
    1) P Bharat Singh
    2) Tape Bagra
    3) Allen Temshi Jamir
    4) HWT Syeim
    5) MP Bezbaruah
  • 27. After the direct benefit transfer project, the Govt. is now planning to usher in a DTH scheme. Which of the following is correct with respect to this scheme?
    1) DTH is the acronym for Direct-To-Home.
    2) The scheme has already been initiated in Andhra Pradesh and will now be implemented across the country.
    3) All wages, pensions, maternity benefits and subsidy schemes meant for the people will actually be delivered directly to the family through Micro ATMs and other means.
    4) All the above
    5) Only (1) and (3)
  • 28. Which of the following has been appointed as India's permanent representative to International Renewable Energy Agency?
    1) Anil Nair
    2) T.R. Chandrasekhar
    3) Kushal Singh
    4) Arvind Nair
    5) T.P. Seetharam
  • 29. Which of the following is/ are correctly matched with respect to bank's classification of their non-performing assets (NPAs)?
    (A) Sub-standard asset: an asset which has remained NPA for a period not exceeding 12 months
    (B) Doubtful Asset: an asset which has remained NPA for a period exceeding 12 months
    (C) Loss asset: an asset which cannot be recovered
    1) All the above
    2) Only (A)
    3) Only (B)
    4) Only (C)
    5) Only (A) and (B)
  • 30. Any tangible assets that an organisation uses to produce goods or services such as office buildings, equipment and machinery, is termed as which of the following?
    1) Fast moving consumer goods
    2) White goods
    3) Capital goods
    4) Brown goods
    5) None of these
  • 31. In the latest Railway budget, the government has announced the first bullet train in which of the following corridor?
    1) Mumbai-Ahmedabad
    2) Delhi-Kanpur
    3) Delhi-Kolkata
    4) Varanasi-Chennai
    5) Mumbai - Pune
  • 32. Susie Wolff becomes the first woman to take part in a Formula1 racing weekend race in 22 years during the British Grand Prix. Who was the last woman to enter the F1 world Championship?
    1) Christiana Amati
    2) Lella Lombardi
    3) Susi Headen
    4) Giovanna Amati
    5) None
  • 33. Super Typhoon Neoguri, the strongest typhoon so far in 2014 Western Pacific season smashed which of the following countries?
    1) China
    2) Japan
    3) Canada
    4) USA
    5) UAE
  • 34. NABARD has sanctioned loans worth over Rs 19,100 cr under RIDF to states for agriculture and allied activities. Expand RIDF....
    1) Rural Industries Development Fund
    2) Rural Infrastructure Development Facility
    3) Rural Innovation and Development Fund
    4) Rural Irrigation Development Fund
    5) Rural Infrastructure Development Fund
  • 35. The Reserve Bank of India has suggested the use of PKI in payment system application. PKI, enables internet users to securely and privately exchange data and money, stands for...
    1) Public Key Initiative
    2) Public Key Information
    3) Public Key Interference
    4) Public Key Introduction
    5) Public Key Infrastructure
  • 36. The Sant Kabir award is given for the personalities who have given outstanding contribution in which field among these?
    1) Handicrafts and Handlooms
    2) Agriculture
    3) Cultural Heritage
    4) Environmental Studies
    5) Peace and Harmony
  • 37. Who among the following has been elected as the new president of the Indian Olympic Association (IOA)? India returned to the Olympic fold after a 14-month suspension following his election:
    1) Lalit Bhanot
    2) Abhay Singh Chautala
    3) Anil Khanna
    4) Rajeev Mehta
    5) N. Ramachandran
  • 38. The "Golden Pen of Freedom Award" is an annual international journalism award given by which organisation?
    1) World Association of the News papers
    2) UNESCO
    3) Times Group
    4) SAARC
    5) None of these
  • 39. The Penguin publications announced to withdraw a book, The Hindus: An Alternative History after some Hindu activists opposed the book. Who is the author of the book?
    1) Sheldon Pollock
    2) Sudhir Kakar
    3) Rajiv Malhotra
    4) Marjorie Garber
    5) Wendy Dongier
  • 40. Indian Air Force has launched its first 3D mobile game to encourage youths to join the Air Force. What is the name of that Game?
    1) Guardian of the Sky
    2) Sky Protectors
    3) Protectors & Scrappers
    4) Sky Guardians
    5) None of these
  • ANSWERS:

    1-2, 2-1, 3-2, 4-5, 5-3, 6-5, 7-3, 8-2, 9-1, 10-5
    11-3, 12-5, 13-1, 14-1, 15-4, 16-1, 17-4, 18-3, 19-1, 20-1
    21-2, 22-1, 23-3, 24-2, 25-1, 26-5, 27-4, 28-5, 29-1, 30-3
    31-1, 32-4, 33-2, 34-5, 35-5, 36-1, 37-5, 38-1, 39-5, 40-1

Monday, October 27, 2014

Current Affairs - 27 October 2014

by , in

Centre likely to give fresh affidavit on black money in Supreme Court today

    The Centre will reveal the names of three Indians in the affidavit against whom prosecution has been launched for stashing black money in foreign banks. The other names which have been doing the rounds, including politicians linked to the previous UPA government, would be revealed only if prosecution is launched against them.
  • NEW DELHI: The Centre is likely to file an additional affidavit in the Supreme Court in the black money case on Monday, explaining its "misunderstood" stand on not revealing the names of those foreign bank account holders who were not being prosecuted for any illegality under the income tax law.

    The Centre will reveal the names of three Indians in the affidavit against whom prosecution has been launched for stashing black money in foreign banks. The other names which have been doing the rounds, including politicians linked to the previous UPA government, would be revealed only if prosecution is launched against them.

    The government feels revealing all names without scrutiny about illegalities committed by them would be a violation of the right to privacy as any Indian under the RBI rules can legitimately deposit $125,000 in a foreign bank per year.

Already down, Congress fears it will be marginalized in J&K, Jharkhand

    After losing its forts of Maharashtra and Haryana, Congress faces the challenge of twin states of Jammu & Kashmir and Jharkhand where it has a marginal presence.
  • NEW DELHI: After losing its forts of Maharashtra and Haryana, Congress faces the challenge of twin states of Jammu & Kashmir and Jharkhand where it has a marginal presence but which paradoxically fell in its kitty for the last few years owing to UPA's clout.

    The two states, in the aftermath of Congress's rout, pose an existential crisis for the party. Insiders concede there is a real fear of the party getting squeezed between entrenched regional outfits and a resurgent BJP.

    The November elections are likely to have implications beyond the state boundaries to impact the national scene. With BJP trying to consolidate its recent gains, the polls could not have come at a worse time for Congress. A defeat would only add to its dwindling stock nationally.

    But there is the big picture worrying Congress. The J-states may indicate the fate that awaits the party on turfs where it is third or fourth force - like West Bengal and Bihar.

    Congress all along hoped that favourable conditions in future would help it revive in these states and put it in the power matrix. Its failure to achieve the target during UPA's ascendancy has left the space open for a fourth party to rush in. In Jharkhand, BJP is a strong player anyway.

Guess the Internet speed at Prime Minister's Office?

An RTI application has revealed that the Prime Minister's Office uses a comparatively speedy Internet connection.
  • CHENNAI: The Prime Minister's Office uses a comparatively speedy Internet connection. While an average Internet connection speed in India is 2Mbps (megabytes per second), that of the PMO is 34Mbps, an RTI application has revealed.

    In a reply to the RTI application filed by Vinoth Ranganathan, co-founder of onlinerti.com, the PMO has said the National Informatics Centre (NIC) is providing an average of 34Mbps speed to the PMO office.

    "There is nothing wrong for our PM to have 34Mbps speed Internet. As the Prime Minister, he should have a better connectivity. Google fibre in the US provides 1 Gbps (Gigabytes per second) connectivity to ordinary citizens," said Ranganathan.

Alongside gunfire, India-Pakistan track-II talks continued in Dubai

Prime Minister Narendra Modi shakes hand with his Pakistani counterpart Nawaz Sharif (L) during their bilateral meeting at Hyderabad House in New Delhi. (Getty Images)
  • NEW DELHI: Even as India and Pakistan were exchanging fire across LoC and the international border in J&K earlier this month, the two countries had track-II diplomacy going simultaneously in a tony Dubai locale.

    Attended by former ambassadors and? prominent members of the civil society from both sides, the track-II Dubai Dialogue Group discussed ways to deal with any fallout of another 26/11 type of terror strike in India with assistance from any Pakistani state or non- state actor. They also focused on what the two governments could do to keep dialogue going despite the recent cancellation of foreign secretary-level talks.

    The meeting took place with the knowledge of the Indian government. "We discussed all issues including J&K, terrorism and Afghanistan. The MEA (ministry of external affairs) was kept informed and we will soon give a report to them (about the dialogue output)," Gen Ashok K Mehta, the convener of Dubai dialogue, told this newspaper.

HMT watches may be ticking back to life

    The wait-list for wristwatches today is reminiscent of the 1960s, when designs were sold on the black market, and the company is tying up with e-tailers to sell the existing inventory.
  • Over the last few weeks, Shubhadeep Banerjee has been searching for an HMT Pilot watch in Mumbai, but with no luck. Delhi's Ranjan Katara was more fortunate — all he had to do was dig out an HMT Vijay that was gifted to him at his wedding. He's now proudly sporting it.

    After news that HMT Watches was winding up made headlines, there has been an unprecedented demand for timepieces manufactured by the country's first watch-maker. The nostalgia-driven clamour has led the government to rethink its decision to close the loss-making public sector company.

    "There has been heavy demand since it became known that we are shutting down the company. So we are looking to keep one of the plants operational so that people can continue to buy watches, at least for old time's sake," says an official privy to discussions.

    In fact, the wait-list for wristwatches today is reminiscent of the 1960s, when designs were sold on the black market, and the company is tying up with e-tailers to sell the existing inventory.

Companies with women board members make more money

    Unfortunately, data on women's participation in top management in India is still dismal.
  • MUMBAI: Have more women on board. Not because it is good for your public image. Not because you have to meet government norms. But because it makes good business sense. Boards with women provide better financial returns than those without.

    That's the defining finding of a TOI-commissioned study on the relation between companies with women on their boards and profitability. An analysis of return on equity (ROE) data of top 100 Indian companies (BSE 100) by Randstad, a leading HR services provider, says that companies with women on their boards have a positive impact on ROE.

    The study reveals that the board of a private sector company, run by a professional CEO with a mix of both men and women, helped ROE rise by 4.4% in 2014 over the last year. In contrast, a similar company with a men-only board saw its ROE rise by a mere.1.8% in the same period.

NSA Ajit Doval to visit Burdwan blast site today, may meet CM

    The Khagragarh house (right) where the blast took place on October 2.
  • KOLKATA: The country's seniormost security expert will make a first-hand assessment of the probe into the October 2 Khagragarh blast in Burdwan when he visits the site on Monday along with a battery of top intelligence officials. 

    National security adviser Ajit Doval is likely to be accompanied by the home ministry's special secretary (internal security) Prakash Mishra, National Security Guard DG Jayanta Narayan Choudhury and Intelligence Bureau director Syed Asif Ibrahim. 

    The day-long visit will focus on Bengal turning into the latest terror hot spot and the conspiracy to jeopardise peace both in India and Bangladesh through the handiwork of the Jamaatul-Mujahideen Bangladesh (JuM-B) network, suspected to be behind the blast.

Cyclone Nilofar to bring heavy rainfall in Kutch region

After Hudhud that hit India's eastern coast, it's now turn of another cyclonic storm 'Nilofar' to keep country's weather forecaster on toes.
  • NEW DELHI: After Hudhud that hit India's eastern coast on October 12, it's now turn of another cyclonic storm 'Nilofar' to keep the Met department on toes for the next four days. Its impact is likely to be felt mid-week in Kutch area of north Gujarat and adjoining Pakistan coast. 

    The new cyclonic storm, formed in Arabian Sea, will, however, not be as intense as Hudhud. Nilofar is expected to bring heavy to very heavy rains in coastal districts of Saurashtra and Kutch area of north Gujarat on Thursday. 

    The India Meteorological Department (IMD) on Sunday predicted that the 'Nilofar' will intensify further into a "severe" cyclonic storm during the next 24 hours and advised fishermen to return to the coast as the conditions off Gujarat coast will be "rough to very rough". 

    It will turn into a "very severe" cyclonic storm on Tuesday night with touching the peak wind speed of 145 kilometer per hour (kmph). The conditions will persist till Wednesday night. 

    In its 'cyclone watch for north Gujarat coast' bulletin, IMD said, "The deep depression over west-central and adjoining southwest Arabian Sea moved slightly northwards, intensified into a cyclonic storm Nilofar."

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