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- Govt mulling 2-3 tariff-based auctions for wind projects
- Oil payment, other issues with Iran resolved: Arun Jaitley
- #10: MamyPoko Small Size Pants (78 Count)
- #10: Tiyaan – Malayalam – DVD
- Saudi Arabia considers delaying foreign part of Aramco IPO
- #8: Fila Men’s Aeton II Sneakers
- #10: Laurels Colors Analog Blue Dail Women Watch ( Lo-Colors-141407 )
- Despite ban on firecrackers, this won’t be a smoke-free Diwali in Delhi. Here’s why
- FinMin may finalise capital infusion plan for PSBs by December
- Reliance Retail to resume Jiophone booking post Diwali
- #7: Basketball (and Other Things): A Collection of Questions Asked, Answered, Illustrated
- #7: Beckett Baseball Monthly Price Guide Card Value Mag November 2017 Boston Red Sox’s Rafael Devers
- #10: 2Pcs Tactical Flashlight Water Resistant Military Grade Tac Light with 5 Modes & Zoom Function Ultra Bright Torch
- #9: PriorityChef Knife Sharpener for Straight and Serrated Knives, 2 Stage Diamond Coated Sharpening Wheel System, Black
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- #9: PriorityChef Knife Sharpener for Straight and Serrated Knives, 2 Stage Diamond Coated Sharpening Wheel System, Black
- #10: Laurels Colors Analog Blue Dail Women Watch ( Lo-Colors-141407 )
- Equity MF inflow triples to Rs 80,000 cr in April-September FY’18
- #10: Strontium Ammo 32GB 2.0 USB Pen Drive (Silver)
- Indian economy on ‘very solid track’: IMF chief
- What is the ban on fireworks sale about?
| Govt mulling 2-3 tariff-based auctions for wind projects Posted: 15 Oct 2017 01:50 AM PDT
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| Oil payment, other issues with Iran resolved: Arun Jaitley Posted: 15 Oct 2017 01:15 AM PDT
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| #10: MamyPoko Small Size Pants (78 Count) Posted: 15 Oct 2017 12:36 AM PDT  MamyPoko Small Size Pants (78 Count) Buy: (Visit the Bestsellers in Baby Products list for authoritative information on this product’s current rank.) |
| Posted: 15 Oct 2017 12:33 AM PDT  Tiyaan – Malayalam – DVD Buy: 140.00 (Visit the Bestsellers in Movies & TV Shows list for authoritative information on this product’s current rank.) |
| Saudi Arabia considers delaying foreign part of Aramco IPO Posted: 15 Oct 2017 12:32 AM PDT By Javier Blas and Dinesh Nair Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year. A two-stage Saudi Aramco IPO is one of the several options being considered, the people said, asking not to be identified because the discussion is private. Another plan would include listing in Riyadh next year and privately selling a stake in Aramco to one or several cornerstone investors, one of the people said. Aramco said in a Twitter message on Saturday that all listing venues were under review for the IPO, expected to be the largest in history, and reports that a local listing in 2018 could be combined with a stake sale to a Chinese investor were “entirely speculative.” The IPO is the centrepiece of a broad-ranging economic reform program proposed by Crown Prince Mohammed bin Salman, the dominant political force in the kingdom. Any delay would be a setback to his plans as well as the plethora of international investment banks and international exchanges eyeing millions in fees and commissions. Contingency Plans Saudi Arabia has been making contingency plans for a possible delay of the IPO, Bloomberg News reported last month. While the government has insisted the original timetable remains on track, several important decisions have yet to be taken, including a location for the international listing, stretching the ability of the company to sell shares overseas before the end of next year. There is a precedent for bringing in cornerstone investors before a groundbreaking commodities IPO. Glencore Plc sold in 2009 a stake through a convertible bond ahead of its 2011 IPO, still the largest ever in London where the company raised nearly $10 billion. Despite the work on alternative plans, Saudi Arabia said earlier this month that schedule for the blockbuster initial public offering wasn't "slipping" and the country still planned a sale by the end of 2018. The government is "moving right ahead" for an IPO of Saudi Aramco in the second half of next year, Oil Minister Khalid Al-Falih said in Moscow. "There is nothing to indicate that schedule is slipping in any way." The government has said the sale of 5 percent of the shares could value the company at as much as $2 trillion, though analysts have tended to give lower estimates. If Saudi Arabia achieves its valuation, the 5 percent stake it plans to sell would raise about $100 billion. That would eclipse the $25 billion raised by Alibaba Group Holding Ltd. in 2014. London and New York exchanges are vying for a role in Aramco IPO, with Hong Kong, Singapore, Tokyo and Toronto also trying to attract the sale. The Financial Conduct Authority, the U.K. markets regulator, on Friday, defended a proposal to change listing rules that would make it easier for Saudi Aramco to list in London. Lawmakers and investors have expressed concerns on changing the rules to benefit Aramco. Saudi Aramco has hired JPMorgan Chase & Co., Morgan Stanley, HSBC Bank Plc, Moelis & Co. and Evercore Inc. to advise on the IPO. Independent Wall Street consultant Michael Klein is advising the oil ministry. |
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| #10: Laurels Colors Analog Blue Dail Women Watch ( Lo-Colors-141407 ) Posted: 15 Oct 2017 12:17 AM PDT  Laurels Colors Analog Blue Dail Women Watch ( Lo-Colors-141407 ) Buy: (Visit the Bestsellers in Watches list for authoritative information on this product’s current rank.) |
| Despite ban on firecrackers, this won’t be a smoke-free Diwali in Delhi. Here’s why Posted: 15 Oct 2017 12:02 AM PDT The ban on sale of firecrackers, reckons Vijayant Jain, is too little, too late. “The damage has already been done,” says the businessman in Rohini, north-west Delhi. People, he lets on, have already bought crackers and are still buying it. “It won't be a smoke-free Diwali,” he rues. On Friday, even the Supreme Court acknowledged that the ban doesn't mean a Diwali without crackers. “We haven't stopped the bursting of crackers. That will happen. Sale had already taken place,” a Supreme Court bench headed by Justice AK Sikri reportedly observed while refusing to modify its earlier order on October 9 that banned the sale of crackers till the end of the month to assess its impact on air pollution. “Anyway, it is not a cracker-free Diwali,” the bench added. The apex court's blunt remarks on Friday dampened the spirits of thousands like Jain who had welcomed the ban on cracker sales but were sceptical about its execution. “Even the Supreme Court knows that people will burst crackers. What's the point in banning then?” he fumes, though he concedes it's a Catch 22 situation. Had the judiciary not banned the sale, it would have let down the citizens, but even after a ban, it can do little to stop air pollution, he avers. A ban on sale of fireworks in Delhi NCR is unlikely to have much of an impact broadly due to two reasons. First, according to the numbers submitted in the court by the counsel representing the Firecrackers' Association, there's already a huge stock of crackers from last year in the city and its outskirts: 50 lakh kg in NCR, and 1 lakh kg in Delhi. Most of this stock, reckon traders, has already been sold. What makes matter worst is the massive fresh stock that has illegally entered Delhi NCR this year. “More than 100 lakh kg firecrackers in Delhi NCR today bear the manufacturing date of 2017,” claims Mukul Gupta, one of the wholesalers in Delhi's firecracker market near Jama Masjid, who bought fresh stock from Sivakasi in Tamil Nadu. Last November, a bench of Supreme Court had suspended existing licences for possessing, stocking and selling firecrackers in Delhi-NCR. When that order had been flouted with impunity, wonders Gupta, “do you think the latest one banning sale would be adhered to?” TALE OF TWO FAMILIES IN DELHI Going Up in Smoke Early in the week, when this writer visited wholesale markets in Delhi and Gurgaon, he found dealers illegally selling crackers, though not openly. “When production has not been banned, why should sale be banned,” asks Ranjeet Chadhha, a cracker dealer in Gurgaon. Chadhha had invested Rs 25 lakh in buying crackers for this season, apart from the stock that he had from last year. “Why should we bear the loss? There is demand for crackers and we are only supplying it,” he says. Demand, clearly, exists, and that's the second reason why a ban confined to a geographical area won't have much impact. Take, for instance, the Mishras in Paschim Vihar in Delhi. Under pressure from his kids to buy crackers, Rittwish Mishra is planning to go to Jaipur, some 275 km from Delhi, for cracker shopping. His logic is simple: can two days of bursting crackers choke Delhi, asks the businessman who last year too generously spent on bursting crackers. Does the court mean to say, adds Mishra, that the terrible quality of air in Delhi is only due to burning of crackers? What about the millions of cars and pollution due to burning of crop stubble in Haryana and Punjab? There's already a huge stock of crackers from last year in Delhi NCR; massive fresh stock is illegally being bought from places like Sivakasi in Tamil Nadu While acknowledging that air quality has alarmingly deteriorated in Delhi over the last few years, Mishra refuses to buy the theory of crackers as the main culprit. “Diwali comes once a year, so we must celebrate,” he says. Even the courts are not sure about the Diwali-pollution direct link. A Supreme Court bench on September 12 this year conceded that it needed more evidence to come to a firm conclusion. “From the material before us,” the bench ruled in Arjun Gopal vs Union of India hearing, “it cannot be said with any great degree of certainty that the extremely poor quality of air in Delhi in November and December 2016 was the result only of bursting fireworks around Diwali.” The bench headed by justice Madan B Lokur remarked that the need of the hour was to correlate air pollution with the sale and bursting of fireworks in Delhi and the NCR. “There is no doubt that the air we breathe gets polluted with the bursting of fireworks. The extent of air pollution caused by bursting fireworks is not clear in the absence of empirical data. It could be severe or it could be marginal, but it is there,” the court observed. A month later, on October 9, another Supreme Court bench banned the sale of crackers in Delhi NCR. Bursting of firecrackers during Diwali in 2016 had resulted in particulate matter (PM) levels shooting up by three times, making Delhi the worst city in the world, the bench remarked. Direct and immediate cause thereof was burning of crackers during Diwali, it observed. But can a ban fix the problem? Legal experts beg to differ. “Even before the ban, the market was flooded with firecrackers with a 2017 manufacturing date,” says SP Aggarwal, a Delhi High Court advocate. Are plastics not banned in Delhi or are tinted glasses in cars not prohibited, asks Aggarwal. “Then how come we find them in plenty in Delhi NCR,” he wonders. The solution likes, he reckons, not just in banning but in execution. What also underlines the problem in Delhi, quite similar to that in the rest of the country, is the absence of public consciousness for the larger good. Jain in Rohini thinks judicial activism would make no sense as long as people don't act responsibly. In 2005, the Supreme Court had banned bursting of sound emitting firecrackers between 10 pm and 6 am. “People burst crackers the whole night,” he says, adding that most of them will spend money to buy air masks but won't do their bit to stop buying crackers. “Courts can only make laws, but what instils life into a law is the willingness of people to accept it,” he adds, underlining that much is at stake for everybody. Deepak Hooda in Kadipur village in Gurgaon agrees that much is at stake, but only for a certain section of the population: manufacturers and sellers. A wholesale cracker dealer, Hooda has done robust business despite the ban. “The ban has given birth to a black market… And has the court thought about lakhs of people employed in cracker factories,” he asks. “Much is at stake for them as well.” Will Delhi get ready to celebrate a quieter and cleaner Diwali? The answer may be blowing in the wind. |
| FinMin may finalise capital infusion plan for PSBs by December Posted: 15 Oct 2017 12:02 AM PDT NEW DELHI: The finance ministry is working on capital infusion strategy for the public sector banks (PSBs) and it is expected to be finalised by December, according to official sources. The Department of Financial Services is assessing the capital needs of various banks based demands made by them, sources said. There are various parameters which are being looked at for capital infusion exercise, including NPA ratio, credit growth, insolvency proceeding etc, sources said, adding that the second quarter result would also give clarity on the capital requirements for the current fiscal. Various factors are being considered before arriving at the exact number and the final output is likely by next month or December, they said. Besides providing capital for meeting regulatory requirements, the ministry is looking at providing capital to performing state-run banks to boost credit disbursement. One of the options on the table is issuance of capitalisation bond for meeting their capital needs but no final decision has been taken yet. The government followed a similar strategy in 2008 when it sold bonds worth about Rs 10,000 crore to subscribe to nearly 60 per cent of State Bank of India’s rights issue. Last week, Finance Minister Arun Jaitley said the government, faced with a ‘catch-22 situation’ over the issue of non-performing assets, is working on a plan to rebuild the capacity of India’s banking sector so as to support growth. Banks are facing mounting non-performing assets (NPAs) or bad loans to the tune of Rs 8 lakh crore of which PSBs alone account for Rs 6 lakh crore. The bank NPAs are skirting the double digit mark at present and expected to grow further. Although the Indradhanus scheme has assigned Rs 10,000 crore for the current fiscal, it may prove insufficient due to high provisioning requirement for bad loan resolution through various processes, including insolvency and bankruptcy proceedings. Last year, the ministry provided capital to banks in two tranches. As many as 13 public sector banks together got Rs 22,915 crore in the first tranche announced in July 2016. In the budget speech on February 1, Finance Minister Arun Jaitley announced capital infusion of Rs 10,000 crore for the current fiscal. |
| Reliance Retail to resume Jiophone booking post Diwali Posted: 15 Oct 2017 12:02 AM PDT NEW DELHI: Reliance Retail will start the second phase of booking for JioPhone post Diwali after completing delivery of about six million mobile devices that were booked in August, an industry source said. “The second phase of JioPhone booking will start after Diwali. Likely from October-end or November first week,” a Reliance Retail channel partner told . About six million Jiophones were booked by people in just three days when the company opened bookings of the 4G feature phone from August 24 in the first phase. Reliance Industries Chairman and Managing Director Mukesh Ambani had announced that the 4G phone will be “effectively free” for users, but to prevent misuse of the scheme JioPhone buyers will need to pay one-time fully refundable deposit of Rs 1,500. The entire money will be refunded to customer after usage of the phone for 36 months. The company has further relaxed refund scheme. Under the new condition set by Jio for the users, handset buyers can get refund of Rs 500 if they return the device in the first year, provided they have made recharge of Rs 1,500 during the year. Customers have the flexibility to reach the Rs 1,500 per year usage figure according to their convenience by choosing among the various tariff plans announced by the company. Similarly, on return of the phone in the second year, the customer will get refund of Rs 1,000 and in the third year entire amount of Rs 1,500 will be refunded. Reliance Retail started delivery of JioPhones in small towns from Navratri festival. “The shipments started in metro cities from Saturday. The target is to complete all shipments around Diwali,” the channel partner said. |
| #7: Basketball (and Other Things): A Collection of Questions Asked, Answered, Illustrated Posted: 14 Oct 2017 11:54 PM PDT  Basketball (and Other Things): A Collection of Questions Asked, Answered, Illustrated Buy new: (Visit the Best Sellers in Books list for authoritative information on this product’s current rank.) |
| #7: Beckett Baseball Monthly Price Guide Card Value Mag November 2017 Boston Red Sox’s Rafael Devers Posted: 14 Oct 2017 11:54 PM PDT  Beckett Baseball Monthly Price Guide Card Value Mag November 2017 Boston Red Sox’s Rafael Devers Buy new: $9.99 (Visit the Best Sellers in Sports Collectibles list for authoritative information on this product’s current rank.) |
| Posted: 14 Oct 2017 11:53 PM PDT  2Pcs Tactical Flashlight Water Resistant Military Grade Tac Light with 5 Modes & Zoom Function Ultra Bright Torch Buy new: $15.99 (Visit the Best Sellers in Tools & Home Improvement list for authoritative information on this product’s current rank.) |
| Posted: 14 Oct 2017 11:50 PM PDT  PriorityChef Knife Sharpener for Straight and Serrated Knives, 2 Stage Diamond Coated Sharpening Wheel System, Black Buy new: (Visit the Best Sellers in Kitchen & Dining list for authoritative information on this product’s current rank.) |
| #9: Quik Chair Heavy Duty Folding Camp Chair – Grey Posted: 14 Oct 2017 11:49 PM PDT  Quik Chair Heavy Duty Folding Camp Chair – Grey Buy new: $12.91 – $78.36 (Visit the Best Sellers in Home & Kitchen list for authoritative information on this product’s current rank.) |
| #5: Tom Petty signed 8×10 photo Posted: 14 Oct 2017 11:48 PM PDT  Buy new: $150.00 (Visit the Best Sellers in Entertainment Collectibles list for authoritative information on this product’s current rank.) |
| #6: Tom Petty Gold Record Reproduction Signature Series LTD Edition Display Posted: 14 Oct 2017 11:48 PM PDT  Tom Petty Gold Record Reproduction Signature Series LTD Edition Display Buy new: $89.95 (Visit the Best Sellers in Entertainment Collectibles list for authoritative information on this product’s current rank.) |
| #7: ONE – AUTHENTIC ANCIENT ROMAN Bronze COIN. 1700 Years Old. VARIOUS QUALITY Posted: 14 Oct 2017 11:48 PM PDT  ONE – AUTHENTIC ANCIENT ROMAN Bronze COIN. 1700 Years Old. VARIOUS QUALITY Buy new: (Visit the Best Sellers in Collectible Coins list for authoritative information on this product’s current rank.) |
| Posted: 14 Oct 2017 11:46 PM PDT PriorityChef Knife Sharpener for Straight and Serrated Knives, 2 Stage Diamond Coated Sharpening Wheel System, Black Buy new: (Visit the Best Sellers in Kitchen & Dining list for authoritative information on this product’s current rank.) |
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| Equity MF inflow triples to Rs 80,000 cr in April-September FY’18 Posted: 14 Oct 2017 11:37 PM PDT NEW DELHI: Equity mutual funds registered an inflow of over Rs 80,000 crore in April-September 2017, a three-fold growth from the year-ago period, mainly due to the ongoing shift of household savings from real estate and gold to such financial products. The strong inflows have pushed the asset base of equity mutual funds (MFs) by over 21 per cent to Rs 6.59 lakh crore at the end of September from Rs 5.43 lakh crore in March-end, according to data of the Association of Mutual Funds in India (Amfi). As per the data, equity funds, which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 80,357 crore in the first six months of the ongoing fiscal, much higher than Rs 22,233 crore infused in April-September 2016-17. “The increased flow of domestic investor capital in equity mutual funds is a part of the ongoing shift of household savings from physical assets like property and gold to financial assets like equities and bonds, a process that has been accelerated post demonetisation,” Bajaj Capital CEO Rahul Parikh said. “Increased awareness about the principles of asset allocation and financial planning, coupled with the optimism on the long-term growth potential of the Indian economy and its favourable impact on corporate earnings and share prices, has helped drive interest for equities among domestic investors,” he added. Parikh further said lower interest rates on bank deposits and stagnancy in property, as well as gold prices, have driven domestic investors towards equity mutual funds, in their search for higher returns. Systematic Investment Plans (SIPs) have been the preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk. |
| #10: Strontium Ammo 32GB 2.0 USB Pen Drive (Silver) Posted: 14 Oct 2017 11:36 PM PDT  Strontium Ammo 32GB 2.0 USB Pen Drive (Silver) Buy: (Visit the Bestsellers in Computers & Accessories list for authoritative information on this product’s current rank.) |
| Indian economy on ‘very solid track’: IMF chief Posted: 14 Oct 2017 11:32 PM PDT WASHINGTON: Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a “very solid track” in the mid-term. “Turning to India…we have slightly downgraded India; but we believe that India is for the medium and long-term on a growth track that is much more solid as a result of the structural reforms that have been conducted in India in the last couple of years,” the IMF Managing Director Lagarde said. Describing the two major recent reforms in India – demonetisation and Goods and Services Tax (GST) – as a monumental effort, Lagarde said it is hardly surprising that there “is a little bit of a short-term slowdown” as a result. “But for the medium term, we see a very solid track ahead for the Indian economy,” she said to a question on India. “We very much hope that the combination of fiscal, because the deficit has been reduced, inflation has been down significantly, and the structural reforms will actually deliver the jobs that the Indian population, particularly the young Indian people expect in the future,” Lagarde said. |
| What is the ban on fireworks sale about? Posted: 14 Oct 2017 11:15 PM PDT What is it? The Supreme Court on Monday reimposed the ban on the sale of fireworks in the Delhi-National Capital Region (NCR) till November 1. The direction, according to the court, is an outcome of "direct evidence of deterioration of air quality" every year during Deepavali on account of bursting of fire crackers. Deepavali falls on October 18 and 19 this year. A Bench of Justices A.K. Sikri, A.M. Sapre and Ashok Bhushan reverted to its November 2016 decision to suspend the sale of firecrackers "to test itself to find out whether there would be a positive effect of this suspension, particularly during Deepavali period." How did it come about? Why does it matter? The Supreme Court itself observed that "the air quality deteriorates abysmally and alarmingly and the city chokes thereby, leading to closure of schools in view of the health emergency situation." Crackers are made of highly toxic heavy metals such as copper, cadmium, lead, manganese, zinc, sodium and potassium. These metals, if present in the air, can trigger an asthma attack, causing severe headache and respiratory problems, apart from chronic cough. Even now the Central Pollution Control Board (CPCB), which monitors pollution daily, found the Air Quality Index at 190 (moderate level) till October 3; it rose to 219 (poor) on October 4. The Air Quality Index grades air on the basis of pollutants such as PM2.5 and PM10, categorising it as Good (0-50), Satisfactory (51-100), Moderate (101-200), Poor (201-300), Very Poor (301-400) and Severe (>401). Last year, according to realtime ambient air quality data of the Delhi Pollution Control Committee (DPCC), PM10 readings went up by over 42 times after Deepavali at R.K. Puram (a densely populated area), touching the alarming high level. The permissible level of PM2.5 is 60 g/m³ while PM10 is 100 g/m³. Levels beyond that can cause harm to the respiratory system as the ultra fine particulates can embed themselves deep into the lungs and enter the bloodstream. In its observation, the Supreme Court noted that the direct and immediate cause of the spike in air pollution during this time is because of burning of crackers for Deepavali. What next? The traders told the court that their licences were revived in pursuance of the court's September 12 order and they procured firecrackers for sale during Deepavali. A Bench, comprising Justices Ranjan Gogoi, A.M. Sapre and Navin Sinha, assured counsel for the traders that it would consult the judge concerned, who passed the order, for placing their interim application. Lawyer Deepak Chauhan, representing trader Rajesh Kalia and several others, said they had invested a huge amount of money after their licences were revived, and the recent order of the court would cause them huge losses. Hearing the petition by firecracker manufacturers, the Supreme Court on Friday refused to lift the suspension. It said the situation would be monitored for further course of action after Deepavali. Source: XM |
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