Friday, March 9, 2012

RBI cuts CRR to infuse Rs 48,000 Cr

 The Reserve Bank in a surprise move on Friday announced 0.75 percentage points cut in its key policy ratio to pump Rs 48,000 crore in the economy, but the move may not lead to immediate reduction in lending rates.  Without waiting for the scheduled policy review due next week, RBI reduced the cash reserve ratio (CRR)-the portion of deposits banks require to keep with the central bank from 5.5 per cent to 4.75 per cent with effect from tomorrow with a view to ease the liquidity situation. With this move, the Reserve Bank of India (RBI) would be injecting around Rs 80,000 crore into the economy in less than 40 days. The central bank in January had reduced CRR by 0.5 percentage points, releasing Rs 32,000 crore liquidity. These measures, according to the central bank, are aimed at addressing "the liquidity deficit (which) is expected to increase significantly during the second week of March on account of to advance tax outflows and the usual front-loading of cash balances by banks with the Reserve Bank". The last date for advance tax payment in March 15 and is estimated to drain out Rs 60,000 crore from the system. Commenting on the impact of RBI's decision on interest rate, Bank of Baroda Chairman and Managing Director M D Mallya said, "I do not expect any bank to cut either the lending or the deposit rate immediately." Appreciating RBI's decision to cut CRR ahead of its scheduled policy review on March 15, industry chamber CII expressed the hope that central bank would also reduce interest rates to boost investment and growth. ICICI Bank Managing Director Chanda Kochhar said "this is expected to bring down the high level of overnight borrowings by nanks from RBI. This would also ensure continued smooth flow of credit in the corporate and retail sector".

Railway Minister Announces Introduction of New Trains and Other Services
The move Implements the Announcements made in the Railway Budget 2011-12

The Minister of Railways, Shri Dinesh Trivedi today announced introduction of 26 new trains, extension of five existing trains, increase in frequency of two existing trains and introduction of new five sub-urban trains.  Most of these new services announced were part of the Railway Budget 2011-12.  The trains announced in the Railway Budget 2011-12 are implemented by the end of the financial year i.e. 31st March 2012.     With this announcement, 115 out of 132 new trains proposed for introduction during Railway Budget 2011-12 will get introduced, 19 out of 22 increase in frequency of trains proposed in Railway Budget 2011-12 will be effected and all the extension of trains proposed in Railway Budget 2011-12 will get implemented.  Efforts are being made to ensure introduction of other remaining services proposed in the Railway Budget 2011-12 by the stipulated date of 31st March, 2012.  Today’s announcement include three Duronto, one Shatabdi, one fully AC Express, three  Rajyarani Express, nine Mail and Express services, three MEMU services, three DEMU services and five EMU services.
In case of new trains, local public representatives as per laid down protocol will be invited by the concerned Zonal Railway/Divisional Railway for the formal flagging off in next 7 to 10 days. 
Extension and increase in frequency of the existing trains will be introduced with immediate effect, as operationally feasible. 
The list of new trains, extension of existing services etc. is given below:
Sl
Train no. and name
1
12297/12298 Pune-Ahmedabad AC Duronto (Tri-weekly)
2
22209/22210 Mumbai Central-New Delhi AC Duronto (Bi-weekly)
3
19405/19406 Ahmedabad-Yesvantpur AC Express (Weekly)
4
12567/12568 Saharsa-Patna Rajya Rani Express (Daily)
5
22101/22102 Manmad-Mumbai Rajya Rani Express (Daily)
6
19261/19262 Porbander-Kochuvelli Express (Weekly)
7
22901/22902 Udaipur-Bandra(T) Express (Tri-weekly)
8
18511/18512 Visakhapatnam-Koraput Intercity Express
9
57477/57478 Tirupati-Guntakal Passenger (Daily)
10
58301/58302 Koraput-Sambalpur Passenger (Daily)
11
59425/59426 Bhuj-Palanpur passenger (Daily)
12
66302/66303 Ernakulam-Kollam MEMU (6 days a week)
13
77683/77684 Jalna-Nagarsol DEMU (6 days a week)
14
77686/77685 & 77688/77687 KachegudaNizamabad DEMU (6 days a week)
15
77681/77682 & 77679/77680 Falaknuma-Medchal DEMU (6 days a week)
16
19027/19028 Bandra (T)-Jammu Tawi Vivek Express (Weekly)
17
12293/12294 Allahabad-  Mumbai  AC Duronto (Bi-weekly)
18
22454/22453 Meerut-Lucknow Rajya Rani Express (Daily)
19
13423/13424 Bhagalpur-Ajmer Express (Weekly)
20
12371/12372 Kolkata-Jaisalmer Express (Weekly)
21
22451/22452 Mumbai-Chandigarh Express (Weekly)
22
19407/19408 Varanasi-Ahmedabad Express (Weekly)
23
15033/15034 Haridwar-Ramnagar Express (Tri-weekly)
24
66019/66020 Salem-Katpadi MEMU (6 days a week) (Railway Budget 2010-11)
25
66300/66301 Ernakulam-Kollam MEMU (6 days a week) (Railway Budget 2010-11)
26
Introduction of Anandvihar-Kathgodam Shatabdi Express (4 days a week)
EXTENSION:
1. 59803/59802 Nagda-Kota Passenger extension upto Ratlam
2. 19603/19604 Sultanpur-Ajmer Express extension upto Ahmedabad
3. 12965/12966 Udaipur-Gwalior Express extension upto Khajuraho
4. 55007/55008 Hajipur-Thawe Passenger extension upto Kaptanganj
5.12891/12892 Bhubaneswar-Baripada Express extension upto Bangriposi
INCREASE IN FREQUENCY:
 1. 59025/59026 Surat-Amravati Fast Passenger from 2 to 3 days a week.
 2. 15279/15280 Saharsa-Adarsh Nagar Delhi Express from weekly to bi-weekly
SUBURBAN:
1       Avadi-Chennai Beach                         
2       Chennai Beach-Gummidipundi                                  
3       Gummidipundi-Chennai Beach                                   
4       Chennai Central-Tiruvallur                              
5       Tiruvallur-Chennai Central    

Thangaraja walks away with Toyota 7th NCR Cup title


9th March, New Delhi: It was the first time for Sri Lankan number one N. Thangaraja to win a tournament outside the Emerald Isle, and in that NCR Cup got its first international winner in the 7 years history. At the Delhi Golf Club 30-year-old Raja shot three-over for the total of five-under 283 to clinch the title while Delhi lad Honey Baisoya kept struggling with his putting as he scored three-over for the total of three-under 285 to finish second. There was a tie between Baisoya and Noida’s Jasjeet Singh (GAIL) as Singh also carded three-under for the total of three-over 285 for the third position. Baisoya and Jasjeet also qualified for a national amateur championship in European region and will be sponsored by Delhi Golf Society for the same.

Another Delhi lad Shubhankar Sharma, who was sixth yesterday, jumped to fourth position after shooting four-under for the total of one-under 287 while two strokes behind was All-India winner Angad Cheema at one–over 289 as fifth. The leader of day one, Mohammad Wazir hit the best round of five-under for the day but his total of three-over 291 could only get him the sixth place in a tie along with Delhi’s Arshad Ali.

Thangaraja, who set himself a target of shooting 12-under for the tournament, started the day with a bogey on 1st, double bogey on 3rd and again dropped shots on 5th and 7th. But he kept his spirits high and gained momentum when he birdied the 17th and 18th. Delighted Raja said, “I feel out of this world. When I was preparing for a shot, the wind direction was in sync with where I wanted to hit, but as soon as I use to take my stance the direction would change dramatically. That stopped me in converting the par putts into birdies but I would still take it as a blessing for me. With this win, I have also learnt to play more with the 4 and 5-iron which would definitely help avoiding the driver which I have never done.”

Winner of East India Amateur championship 2011, Baisoya faced the difficult situations from the beginning as he hit a bogey on 1st, 6th, 7th, 8th and 9th while he birdied 3rd and 18th and had 16 regulations. He said, “Despite hitting so many regulations in a round then yesterday, I couldn’t keep the control on my putting. Until 14th tee, I was tensed about winning but a bogey by Jasjeet on 14th green gave me confidence and I managed to make four pars and a birdie on the finishing hole. I am looking forward to play with Jasjeet in a tournament in one of the European countries.”


An experienced Jasjeet, who has won six national level amateur championships all across India in his career, had birdies on 4th, 8th and 12th while he bogeyed 7th, 10th, 14th and 15th including a double bogey on 9th. 33-year-old Singh said, “It was great to be in the leader group after so many years but I felt a lot of pressure on me since there were people following our group and that too at the Delhi Golf Club. I lost rhythm after 14th where I hit my 3-wood in the center fairway, my 2nd shot went into the bunker and played horrible shot on top of the green and made a bogey followed by another bogey.”

The longest drive challenge on 10th hole for 330 yards and closest to pin challenge on 17th hole for 1 feet were won by Delhi’s Lakhan Singh while Siddharth Semwal, another Delhite won the straightest drive on 6th hole. The maximum birdies challenge sponsored by Indian Express won by Honey Baisoya as he hit 18 birdies in the entire tournament.

VHP protest against attacks on Hindus in J&K

VHP protest against attacks on Hindus in J&K.
Burn effigy of state Governor NN Vohra.
New Delhi March 09, 2012. Vishwa Hindu Parishad (VHP) and Bajrang Dal
today held protest march and burn effigy of J&K Governor shri NN Vohra
against recent attacks on Hindus in Rajauri, booking them in false
cases and Cutting in shri Amarnath Yatra duration for the year 2012.
VHP alleged that the J&K Governor and its state chief minister are
taking decisions on the pressure of anti national elements & terror
groups and terrorizing Hindus living in the border districts of the
state instead of protecting their life & livelihood. Addressing the
protesters in New Delhi, member central advisory board of VHP shri BL
Sharma Prem asked whether hindus have no right to practice their
religion in the state? Why the religious precession was attacked in
Rajauri by the anti national elements in front of the administration?
Instead of detaining attackers police arrested hindus? He demanded
immediate release of those detained in false cases, withdrawal of
false FIRs lodged and restoration of Amarnath yarta duration atleast
for two months.
VHP state Media chief shri Vinod Bansal said we were watching the
situation of Rajauri since last Monday but the state machinery kept
mum on any action against anti nationals. We surprised to note that
instead of taking any action against the attackers, police booked
hindus, at the behest of those elements. Today we burn effigy of the
state Governor in protest against his repeated interference in Hindus
religious affairs by curtailing Amaranath Yatra duration and not
protecting life and property of Hindus living in border areas. Today’s
protest is symbolic but if the governor do not turn up, we may extend
this protest to the whole country. We are determine to go ahead with
shri Amaranth Yatra from 4th of June (Jyesth Poornima), he added.
The protestors were also addressed by the state VHP president shri
Swadesh Pal Gupta, vice president shri Mahaveer Prasad Gupta, General
secretary shri Styendra Mohan, secretary Sailendra Jaiswal, Bajarang
dal chief shri Shiv Kumar etc

Storms disrupt Italy's Sicily island

A severe storms has hit Italy's Sicily island, disrupting local transport and damaging unharvested crops, the ANSA news agency reported on Thursday.The international airport in the island's city of Catania stayed closed on Wednesday night due to heavy rain and flooding, with all inbound flights diverted to nearby airports.
Railways and highways on the island were also disrupted by landslides. Two factories in Sicily's northern industrial area had to temporarily suspend operation due to heavy flooding, and some 40 people were forced to be evacuated from their homes.A hail storm also severely damaged fruits and vegetables in the eastern part of the island before they were harvested.The local producers' association has asked that a state of disaster be declared for farmers affected by the exceptional weather event.

Six nations call on Iran to accept IAEA inspectors

Six world powers negotiating with Iran over its nuclear program have called on the Islamic nation to admit international inspectors to a military installation.US, Britain, France, Germany, Russia and China made the appeal in a joint statement on Thursday at a board meeting of the International Atomic Energy Agency.
The document expresses strong concern about Iran's accelerated uranium enrichment activities.

It demands that Iran grant the IAEA access to the Parchin military complex near Tehran. The site is suspected of being used to develop nuclear weapons.US and its European allies had been seeking a resolution condemning Iran, but gave up the plan in view of the reluctance shown by Russia and China.

Iran rejected the IAEA's request to enter the site when the nuclear watchdog sent monitors in January and February.But Iran announced earlier this week that it would admit IAEA inspectors.

IAEA Director General Yukiya Amano said on Thursday that the agency had not been formally notified of Iran's decision and urged the country to cooperate to realize the on-site inspection as soon as possible.

The acting US envoy to the IAEA, Robert Wood, said further action would be taken if Iran keeps refusing to cooperate.

Iran's IAEA ambassador, Ali Asghar Soltanieh, said his country is ready to cooperate, but it will never stop its nuclear development

Upcoming Water Industry Events

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WQA Aquatech USA 2012
Las Vegas, NV , USA
March 06, 2012 - March 09, 2012
Corrosion 2012
Salt Lake City, UT , USA
March 11, 2012 - March 15, 2012
Pittcon 2012 Conference & Expo
Orlando, FL , USA
March 11, 2012 - March 16, 2012
6th World Water Forum
Marseille , France
March 12, 2012 - March 17, 2012
Metering & Billing / MDM America 2012
San Diego, CA , USA
March 12, 2012 - March 14, 2012
Globe 2012
Vancouver, BC , Canada
March 14, 2012 - March 16, 2012
2012 Sustainable Water Management Conference
Portland, OR , USA
March 18, 2012 - March 21, 2012
Water Laboratory Alliance (WLA) Security Summit
Nashville, TN , USA
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ASIAWATER 2012
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Smart Water Systems
London , UK
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Symposium: Water Security, Risk and Society
St Hugh's College, University of Oxford , UK
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PaperCon 2012
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WWEMA 39th Washington Forum
Washington, DC , USA
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CS Week Conference
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kkaine@crc.uri.edu
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WEF Stormwater Symposium 2012
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Busan , South Korea
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International Ozone Association Regional Conference
Milwaukee, WI , USA
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WWEMA 104th Annual Meeting
Tucson, AZ , USA
November 07, 2012 - November 10, 2012 Please note that the WWEMA 104th Annual Meeting has been rescheduled for a new date and time. The correct information is: WWEMA 104th Annual Meeting Las Vegas, NV October 31-November 3, 2012 If you could make that correction to the listing above, it would be much appreciated. Thank you! on Upcoming Water Industry Events


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