FDI in retail: Mamata says FDI decision put on hold, government mum

The United Progressive Alliance government may have put on hold its decision on foreign equity in retail, given the fierce resistance from both opposition as well as key allies, according to West Bengal chief minister Mamata Banerjee. But there was no formal announcement from the government on the issue. 

Banerjee -- who heads the Trinamool Congress, a key partner in the ruling United Progressive Alliance (UPA) that is against the reform policy -- said finance minister Pranab Mukherjee had told her that the decision would be suspended for sometime. 

RBI reserves right to check rupee fall



The Reserve Bank of India (RBI) has asserted that it will not hesitate to use all available instruments to prevent downward rupee spiral
“Usually RBI does not strongly intervene in the currency market to achieve specific exchange rate targets. However, in volatile market conditions that we see today, RBI intervention to keep markets orderly and prevent a downward spiral of rupee is justified,” said Reserve Bank of India Deputy Governor Subir Gokarn in a video message delivered to the delegates at the Confederation of Indian Industry's (CII), ‘The CFO Summit 2011' with the theme ‘Changing dynamics of finance leadership' here.
മുല്ലപ്പെരിയാര്‍ ഡാമിന്‍റെ കപാസിറ്റി, 444.23 million meter cube. ഇടുക്കി ഡാമിന്‍റെ കപാസിറ്റി 2000 million meter cube.


മുല്ലപ്പെരിയാര്‍ ഡാം ഉണ്ടാക്കിയിരിക്കുന്നത്, ചുണ്ണാമ്പും മറ്റു വസ്തുക്കളും ഉപയോഗിച്ചാണ്. ലോകത് ഇന്ന് ഈ രീതിയില്‍ ഉണ്ടാക്കിയിരിക്കുന്നവയില്‍, ഇത് മാത്രമേ നിലനില്‍ക്കുന്നുള്ളൂ..
മുല്ലപ്പെരിയാര്‍ എന്തെങ്കിലും സംഭവിക്കുകയാണെങ്കില്‍ മുഴുവന്‍ വെള്ളവും ഇടുക്കി ഡാമിലേക്ക് വരുകയും, അതിന്‍റെ ബലം പരീക്ഷിക്കുകയും ചെയ്യും. ഒരു മീറ്റര്‍ ക്യുബ്‌ വെള്ളം എന്ന് പറയുന്നത് 100kg വെള്ളം ആണ്. 444 മില്യണ്‍ മീറ്റര്‍ ക്യുബ് വെള്ളം എന്നത്, 4 കോടി ടണ്ണിന്‍റെ അധിക ഭാരം ഇടുക്കി ഡാമില്‍ ഏല്‍പ്പിക്കും. അത് താങ്ങാനുള്ള ശേഷി ഇടുക്കി ഡാമിന് ഇല്ലാ.. അപ്പൊ ആ ഡാമും തകരും..

1800 meter ഉയരത്തില്‍ നിന്നുമാണ് ഇത്രയും വെള്ളം വരുന്നത്. അതിന്റെ പ്രഹര ശേഷി നമുക്ക് ആലോചിക്കാന്‍ പറ്റുന്നതിലും എത്രയോ കൂടുതലായിരിക്കും.
U =mgh
=2444000000000kg * 9 .8M / Sec 2 * 1800M = 4399320 ബില്യന്‍ ജൂള്‍സ്.
ഇതാണ് ആ ജല ബോംബിന്റെ പ്രഹര ശേഷി.

അതായത് 2444000000000 കിലോ 9 .8M / Sec 2 വേഗതയില്‍ 1800M ഉയരത്തില്‍ നിന്നും വരുന്നു. എന്തൊക്കെ തകരാതിരിക്കും??

Postal Assistant / Sorting Assistant - Revised Recruitment Rules 2011


Department of Posts has notified Department of Posts ( Postal Assistants and Sorting Assistants) (Group-C Non-gazetted) Recruitment Rules, 2011.  These have been published in Official Gazette on 3.11.2011.  They come into force from the date of publication in Official Gazette.

For direct recruitment 10+2 or 12 Standard candidates with atleast 60% marks with English as compulsory subject [ excluding vocational stream], 55% for OBC and 45% for SC/ST will be eligible.

GDS should have obtained 50% marks in +2 or 12th standard with English as a Compulsory subject and should have put in minimum 5 years service.They should be within 30 years of age (35 years for those belonging to Scheduled Castes/ Scheduled Tribes and 33 years for other Backward Classes).

2G case: Notice to CBI on plea against ‘tutoring’ witnesses


A Delhi court on Thursday sought the Central Bureau of Investigation’s response on a plea by a 2G case accused for a direction to the agency to “refrain from interfering” with witnesses.
Issuing notice to the CBI on Swan Telecom Director Vinod Goenka’s plea, Special CBI Judge O.P. Saini asked the agency to file its reply by November 23, 2011.
Mr. Goenka, in an application through his counsel Majid Memon, sought its direction to the CBI to “refrain from interfering” with witnesses in “a suspicious manner” before their deposition in the court.

5,000-km range Agni-V to be test-fired in February



Buoyed by the successful test-firing of the Agni-IV, the Defence Research and Development Organistaion will launch the 5,000-km version of the nuclear capable missile after three months as part of strengthening India’s deterrence capabilities.

“Agni-V is presently undergoing integration and we may test fire it by the end of February next year. It is right on schedule and the successful test of Agni-IV will prove to be a building block in development of this missile,” DRDO chief V.K. Saraswat said in New Delhi on Wednesday.

Addressing a press conference, Mr. Saraswat talked about India’s missiles programme and developing effective deterrence capability against adversaries.

On Tuesday, the DRDO had successful test-fired nuclear capable Agni-IV missile from a test range in Wheeler Island off Odisha coast.

“Agni-IV belongs to DRDO’s flagship programme to make the country self-reliant in missile technology. We have now graduated to a higher level of missile technology with more capable versions of the earlier missiles such as Agni-I and Agni-II,” he said.

Talking about Agni-IV’s capabilities, he said, “Earlier missiles were based on rail mobile launchers which needed an exhaustive infrastructure support. But Agni-IV is based on road mobile launchers. It gives a much higher level of flexibility and is a maintenance free system. It is better in terms of accuracy and performance as well.”

Petrol price cut by Rs. 2.22 a litre


Within a fortnight of a Rs. 1.82 a litre hike effected by oil marketing companies, the petrol price stands slashed by a higher margin of Rs. 2.22 from Tuesday midnight.

The reduction, the first in three years, is expected to ease the pressure on the government ahead of the Parliament's winter session.

The hike drew flak from the Opposition and UPA allies alike for casting an additional burden on the common man at a time when inflation remained perilously close to double digits.

With this roll-back, petrol will be cheaper at Rs. 66.42 a litre in Delhi, against Rs. 68.64 hitherto. In Mumbai, it will be Rs. 2.34 less at Rs. 71.47.

In Kolkata, it will stand reduced by Rs. 2.31 at Rs. 70.84. In Chennai, it will be lower by Rs. 2.35 at Rs. 70.38.

Explaining the rationale for the price cut, Indian Oil Chairman R.S. Butola said that since the last price revision earlier this month,

IOC had gained Rs. 1.85 per litre (excluding all taxes) owing to a decline in global oil prices and a marginal appreciation in value of the rupee. This was being passed on to consumers.

The balance reduction will be owing to the commensurate cut in local taxes in various states.

PTI adds: State-owned oil companies have hiked jet fuel prices for the second time this month, raising rates by a steep two per cent with effect from midnight on Tuesday.

“The price of aviation turbine fuel [ATF], or jet fuel, at Delhi's T3 airport was raised by Rs. 1,195 per kilolitre, or 1.95 per cent, to Rs. 62,310.33 per kl with effect from midnight tonight,” an official of Indian Oil said.

The increase comes on back of a massive 3.8 per cent or Rs. 2,845 per kl hike in rates effected from November 1.

But for a one-off marginal reduction in mid-October, ATF prices have been on the climb since September.

Post office savings deposit interest hiked


In a bid to lure millions of small savers who had exited the National Small Savings Fund (NSSF) schemes in pursuit of higher returns, the government on Friday raised the interest rates on post office savings account (POSA), time deposit schemes of various tenures, monthly income scheme (MIS) and Public Provident Fund (PPF).

According to a Finance Ministry statement here, while the interest rate on POSA stands increased to 4 per cent from 3.5 per cent for the current fiscal, deposits in schemes such as MIS and PPF will fetch attractive returns of 8.2 per cent and 8.6 per cent respectively, as compared to the existing interest rates of 8 per cent.

While all time maturities will fetch significantly better returns by way of higher interest rates than hitherto, the biggest gainer is set to be the one-year fixed deposit scheme with its interest rate pegged at 7.7 per cent as compared to the prevailing 6.25 per cent.

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Date and number of vacancies of 2011-12 Postal Assistant/Sorting Assistant Examination


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