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RBI calls for more reforms to restore investor confidence

Written By Unknown on Senin, 28 Januari 2013 | 23.07

The Reserve Bank of India today said recent reforms have reduced the immediate risks for the economy but emphasised on the need for more measures to restore investor confidence.

Flagging concerns about fiscal and external imbalances in the economy, the apex bank said that more reforms are required, especially in road and power sectors, to remove the investment bottlenecks.

"The fresh round of reforms that were initiated in September 2012, after a hiatus, has reduced the immediate risks facing the Indian economy... "On the whole it appears that the reform measures taken so far have not decisively lifted business sentiments and further action may be needed to restore confidence," RBI said in its third quarter review of Macroeconomic and Monetary Development.

The monetary policy, RBI said, could focus more on boosting growth after the reform actions get executed. "While government has embarked on a fiscal adjustment path, staying on this course over the medium-term is necessary for providing sufficient space for monetary policy to stimulate growth," RBI said.

In the past couple of months the government has taken a host of reforms initiative including opening the multi-brand retail chain to FDI, and also the Union Cabinet has approved hiking foreign investment limits in the insurance and pension sectors.

Earlier this month, the government also allowed partial deregulation of diesel prices, besides limiting the number of subsidised LPG cylinders to nine per family a year. "Fiscal risks have somewhat moderated in 2012-13, but a sustained commitment to fiscal consolidation is needed to generate monetary space," RBI said.   

The RBI has held interest rates steady for the last nine months since April policy review as it wanted the government to execute fiscal measures to improve investment climate. "...There is a long road ahead to bring about a sustainable turnaround for the Indian economy," RBI said, adding that the economy could start turning around in 2013-14 as the impediments to investments are removed.

"However, weak global economic conditions, domestic business constraints and low confidence levels may keep the recovery modest next year, while the near-term risks to the economy emanating from fiscal and external imbalances remain," it said. The RBI further said that the economic growth in the current fiscal is likely to fall below the earlier estimate of 5.8 per cent.

The RBI-sponsored survey lowers economic growth projection to 5.5 per cent for 2012-13, and 6.5 per cent for next fiscal. 



23.07 | 0 komentar | Read More

Assou-Ekotto agrees to end two-year Cameroon exile

YAOUNDE (Reuters) - Tottenham Hotspur defender Benoit Assou-Ekotto is set to play for Cameroon next month for the first time in two years.

The left back was named on Monday in a 21-man squad for the friendly in Tanzania on February 6, the country's football federation said.

Assou-Ekotto refused recent call-ups because he was unhappy with the way the Cameroon team was being run but he has been persuaded to come back following a meeting with coach Jean-Paul Akono.

Akono has left out seven regulars for the friendly with Tanzania as he uses the friendly in Dar-es-Salaam to experiment ahead of the World Cup qualifier against Togo in Yaounde on March 24.

Cameroon have three points from two qualifying matches in Group I.

Squad:

Goalkeepers: Charles Itandje (Atromitos), Joslain Mayebi (Wrexham)

Defenders: Benoit Angbwa (FC Rostov), Benoit Assou-Ekotto (Tottenham Hotspur), Henri Bedimo (Montpellier), Jean Armel Kana-Biyik (Stade Rennes), Nicolas Nkoulou (Olympique Marseille), Romeo Allan Nyom (Granada), Pierre Wome (Canon Yaounde)

Midfielders: Aminou Bouba, Charles Eloundou (both Coton Sport), Jean Makoun (Stade Rennes), Joel Matip (Schalke 04), Landry Nguemo (Girondins Bordeaux), Alex Song (Barcelona), Herve Tchami (Honved)

Forwards: Vincent Aboubakar (Valenciennes), Achille Emana (Al Wasl), Samuel Eto'o (Anzhi Makhachkala), Fabrice Olinga (Malaga), Jean Paul Yontcha (Olhanense).

(Reporting by Tansa Musa, writing by Mark Gleeson in Durban, editing by Tony Jimenez)



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The Ultimate Guide to Importing Gadgets Online

Mon, Jan 28, 2013 at 20:23

Learn about the intricacies of importing gadgets, the red tape, duty structures, and how to go about it the smart way.

Source: Tech2.com

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The Ultimate Guide to Importing Gadgets Online

Learn about the intricacies of importing gadgets, the red tape, duty structures, and how to go about it the smart way.

Like this story, share it with millions of investors on M3

The Ultimate Guide to Importing Gadgets Online

Learn about the intricacies of importing gadgets, the red tape, duty structures, and how to go about it the smart way.

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It's a matter of great shame that despite 66 years of independence, anything imported is still regarded as the benchmark of quality. The Indian manufacturing sector isn't entirely to blame, though. The protectionist policies adopted by the Indian Government after Independence have mollycoddled the industry, much to the detriment of the consumer. It's hard to deny that when your average Indian buyer has to put up with poor manufacturing quality, rampant cartelisation, lack of choice, dismal after-sales service, and ridiculously high prices when compared to the same goods sold elsewhere in the First World.Seeking out means to import goods is a natural tendency, especially given the convenience of electronic transactions and the online shopping. However, helping yourself to a smorgasbord of quality imported goods available at fraction of the price you'd otherwise pay here—that too right from the comfort of home—sounds too good to be true. That's actually the case too. If it really were this easy, not only would the local manufacturers and supply chain have met their (rightful) demise, but that would also have driven the country into the worst forex deficit.What's the Catch?To prevent a total and utter meltdown of the nation's economy, there's a limit to how much you can spend importing goods. Technically, you are only allowed to import Rs 2,000 worth of swag duty free. If you thought that was meagre, you probably will not be chuffed to hear that the amount includes shipping charges as well. There is, however, a means to import goods worth more.You are allowed to import items worth up to Rs 10,000 provided they are marked as gift or commercial samples and their price is marked as zero in the invoice. This doesn't apply to online retail purchases, as they neither are gifts nor commercial samples. Virtually all online websites based in Europe, America, and rest of the civilised world will squarely refuse to honour any requests to wrongly declare commercial goods as gift for obvious reasons. Hong Kong-based websites, however, are open to such practices. Just remember that you'll essentially be committing an economic crime if you take that route.Online duty calculators such as this are the best means to gauge what sort of damage will your shipment cause to your wallet.Penalties and Import-Export CodeHaving said that, it's impossible to stay within the Rs 2000 limit in this day and age. What's the damage if one decides to brave the import duties, you ask? For starters, you may attract customs duty of up to 40%, and an additional duty of 2%. Non-electronic items such as music and movie media are levied a duty of about 25%, where as electronics and toys attract a 35-40% duty. We're just getting warmed up here, because in addition to the import duties, you are also liable to be charged with a maximum penalty of 25%.That's the government essentially penalising you for overshooting the permissible import limit without possessing an Import-Export Code (IEC). If you're about to ask how to go about getting one, don't bother because "persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture" or, in other words, an average Joe who wants to import gadgets off Amazon.com isn't allowed to bear an IEC. This means, technically, you cannot import anything worth more than Rs 2000 (shipping included) unless you get it done through a government-authorised importer or a Clearing and Forwarding Agent bearing an IEC.Choosing the Right Shipping MethodChoice of shipping method solely depends on the urgency and the cost of the items being imported. If you're importing something expensive, or if you want it delivered quickly, you're better off opting for courier services from FedEx and UPS. You may end up paying through your nose, but this shouldn't be a concern if receiving the parcel safe is your prime objective.What's more, since these services have dedicated customs liaisons, the probability of your shipment getting stuck in red tape is next to nothing. Just hand over the duty charges to the courier guy and forget about the headaches of wrestling with the Indian bureaucracy. Although cheaper shipment options neither guarantee the security of your shipment, nor do they ensure timeliness of delivery, they still make good sense if you want to try and dodge the duty net. Speaking of which, let's see how you can go about saving money without breaking any rules.Beating the System (Legally)Does that mean there's no way I can import stuff without facing a hefty fine and penalty? Unfortunately, that is the case for very expensive and/or large goods, but those shipping smaller, cheaper items can minimise the damage. You see, while the Rs 2,000 import limit holds true, it is applied on a shipment to shipment basis.In simple terms, nothing can stop you from breaking your order down into multiple shipments of value under the import limit. Yes, you may end up spending more on shipping charges that way, but it's still significantly cheaper than paying the duties and penalties you'd have to bear otherwise. If you plan to order say Blu-ray movies worth Rs 10,000 from Amazon, it's better to split them into multiple shipments amounting lower than Rs 2,000 each.Your choice of shipping and the appearance of goods also has a great bearing on the probability of being levied a hefty duty fee. Ideally, avoid expensive shipping modes as that will proportionately raise the duty. Moreover, the Indian customs works in arbitrary fashion. I have personally found that expensive goods shipped with expensive shipping options invariably get slapped with a heavy duty/penalty. However, when I shipped the same through a cheapest shipping option, the whole package just slipped under the radar unmolested.The size of the package also affects the chances of attracting duties. Ideally, opt for individual sellers on Ebay.com or websites where you can deal with small-time sellers, who can entertain requests to strip the original factory packaging off your goods. While this may make them liable to damage, you can strip sturdier items of fancy packaging and make them look smaller and reduce the chances of being slapped with heavy import duties. Just remember that all inbound shipments are scanned manually in an X-ray machine before they are flagged for further inspection. By making your package look innocuous and cheap, you simply reduce the chances of it being considered dutiable.How to Pay the Duty?This generally depends upon the hipping mode you have chosen. If you opt for regular mail, your friendy neighbourhood postman doubles up as the duty collection agent. After the Customs department has appraised your shipment for duty, the postman shows up at your doorstep with the delivery and a receipt bearing the breakdown of the duties and penalties (if any) levied. Just pay off the guy and you can claim your parcel.It's the same affair with commercial courier entities such as UPS (not to be confused with USPS: The US Postal Service) and FedEx. The only difference is that you are informed in advance of the duty estimates and delivery dates. Oh, and I also forgot to mention that there's a considerably lower chance of your package getting lost and/or destroyed in transit.Certain online websites such as Amazon.com and Ebay India (through the Global Easy Buy provision) have an agreement with Indian Customs allowing them to collect the duty in advance. By paying the duty at checkout itself, takes away all the hassles of post payment in addition to many delays and heartburn caused by the Customs appraisal department sitting on your package for what's usually an inordinately long time.

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Temple Run 2 Review

Temple Run 2 brings a fresh look to the game and tries to keep things just as...


23.07 | 0 komentar | Read More

quot;Framedquot; for opposing eve-teasers; HC grants bail to man

Mon, Jan 28, 2013 at 20:32

"Framed" for opposing eve-teasers; HC grants bail to man

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"Framed" for opposing eve-teasers; HC grants bail to man

"Framed" for opposing eve-teasers; HC grants bail to man

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"Framed" for opposing eve-teasers; HC grants bail to man

"Framed" for opposing eve-teasers; HC grants bail to man

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New Delhi, Jan 28 (PTI) The Delhi High Court today granted bail to a man who was allegedly framed in a criminal case for objecting to eve-teasing by a person in his locality. A bench of Justice G P Mittal granted bail to Delhi resident Rajkumar accused of attempting to kill and illegally restraining one of the men residing in his locality. The high court freed Rajkumar on bail subject to his furnishing a personal bond of Rs 25,000. Rajkumar, in his bail plea filed through advocate Sugriva Dubey, had said the complainant, who filed the case against him, was a "tout of the police" and used to "tease" girls passing in front of his home. When Rajkumar objected to the eve-teasing, the complainant and his friends dragged him into the house of the complainant, the lawyer said. During the scuffle, the complainant was injured by a brick which incidentally fell on his head, the bail plea said. Rajkumar also alleged that as the injured man had connections with the police, a case of attempt to culpable homicide and illegal restraint under the IPC was registered against him. As a consequence, he was arrested on November 3 last year, the application said. PTI HMP SJK PAL
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Two sentenced to life in murder case

Mon, Jan 28, 2013 at 20:36

Two sentenced to life in murder case

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Two sentenced to life in murder case

Two sentenced to life in murder case

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Two sentenced to life in murder case

Two sentenced to life in murder case

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Patna, Jan 28 (PTI) A court in Bihar's Patna district today convicted two accused persons to lifer and imposed a fine of Rs 20,000 on each after finding them guilty in a murder case four years ago. The Additional District Judge passed the order convicting the accused duo Bhola Yadav and Mithilesh Kumar to lifer and imposed fine of Rs 20,000 on each after finding them guilty in the murder case of Ranjit Mukhiya. According to the prosecution, Mukhiya was shot dead in a gang war between rival groups near Kurji More under Patliputra police station area on June 7, 2008. There were nine accused named in the murder case in which four were sentenced to lifer two years ago, while two others acquitted of the murder charge by a court, while another remained absconding. PTI CORR KDK AB NIK

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Labour trouble brews in Jet Airways

As its promoters finalise a stake sale deal with Gulf carrier Etihad, labour unrest seems to be brewing in Jet Airways with its technicians (rpt) technicians wearing black bands to protest an alleged move to freeze salary hikes and the pilots deciding to meet on the same issue
shortly.

A section of Jet technicians started a 'symbolic' protest by wearing black bands last Friday to protest the "management's proposed move to freeze wage hike over the next 2-3 years", sources among the agitators said here.

  British Airways in talks with IndiGo for alliance: Source

"Though we have signed the salary contract, the final date of payment has not been committed by the management. We have called a meeting of pilots in Delhi on February one to discuss the issue," a source said, adding this would be followed up by one in Mumbai a few days later.

When contacted, a Jet Airways spokesperson said the airline "has always adopted a conciliatory open door policy with all its staff including its technicians.

"In addition, a management team is in constant dialogue and discussions with the technicians, in explaining to them the commercial and other challenges given the present economic state of the global aviation industry at large and the airline in particular. This is expected to address the issues under discussion, but would also help resolve all future issues through this mechanism."

The spokesperson said "as a socially conscious corporate, the airline is aware of all its obligations. Jet Airways has always made salary disbursals as per a pre-determined schedule of dates, which are internally communicated to the staff. Jet Airways has always met and will continue to honour all its obligations to its employees and external stakeholders alike."

However, the agitators said apart from the proposed salary hike freeze, there were several issues like non-payment of arrears which were being negotiated with the management. "But every time we have taken up these issues with the management, their only response has been that the company does not have the money to pay," the source said



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No more doubts for Wood after breakthrough victory in Qatar

DOHA (Reuters) - Britain's Chris Wood was beginning to wonder if he would ever end his title drought before he finally made the breakthrough in the Qatar Masters at the weekend.

It was a case of third time lucky for the 6-foot-5 (1.96-metre) Wood after he had twice previously gone into the closing day of a European Tour event at the summit of the leaderboard only to slip down the field in the final round.

The 25-year-old had also amassed 19 top-10 finishes without once entering the winner's circle.

"I was starting to have little doubts that I would ever win," Wood told reporters after climbing into the top 60 of the world rankings from number 142.

"But I have a load of good people and good friends around me - they see me playing at home and know full well that I'm good enough to win. Until you do it though, the doubt is in the back of your mind."

Wood, who finished in the top five at the British Open in 2008 and 2009, delivered a majestic coup de grace on the last hole in Doha on Saturday.

The Englishman needed an eagle three to pip Spain's Sergio Garcia and George Coetzee of South Africa for the title and he produced a sumptuous six-iron from 202 yards before coaxing in his putt from 12 feet.

"I couldn't really feel my hands at the time," said the Qatar champion, who shares the distinction with Swede Robert Karlsson of being the tallest players on the tour. "It was one chance and I knew that was all I was going to get.

"Four years of frustration of not winning and it all came out a bit after the putt," added Wood, referring to his emotional punch of the air as the ball disappeared into the cup.

He said former world number one Tiger Woods was the inspiration behind his six-iron approach.

"I remember watching Tiger hit a shot a few years ago on the 18th hole, an eight-iron to six feet," Wood explained after picking up the first prize of 310,917 euros.

"His attitude was, 'I'm going to win this tournament whatever happens'. That is one of his massive strengths.

"I had that in the back of my mind, to just let my swing go and no matter how it feels, trust it, commit to it and I hit a really good shot," said Wood.

"I didn't know the situation before that and only looked at the leaderboard for the first time before the putt at the last."

Wood now moves on to this week's Dubai Classic, the final event of the tour's three-tournament 'Desert Swing' that will feature the first competitive outing of the season from world number seven Lee Westwood.

"This win has definitely opened the door to a few more things for me and now I can set a couple of different targets for the next few months," said Wood.

(Writing by Tony Jimenez in London, editing by Mark Meadows)



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India, Bangladesh sign extradition and visa deals

By Serajul Quadir

DHAKA (Reuters) - Bangladesh and India on Monday signed an extradition treaty and struck a deal to relax business visa restrictions between the neighbouring countries.

The extradition treaty could pave the way for Bangladesh to put on trial several crime bosses who crossed the border into India but are still running their gangs by telephone, a senior official at Bangladesh's Home Affairs Ministry told Reuters.

It could also help India bring back fugitive separatists who have fled to Bangladesh including Ulfa leader Anup Chetia.

"We are particularly grateful as the treaty will deal with Indian insurgent groups," India's Home Minister Sushilkumar Rao Shinde told reporters at a joint press conference.

"Both sides committed to act against elements inimical to both countries," he said.

India has long been pressing for Chetia's deportation. He has been in a Dhaka jail since his arrest in 1997 on charges of entering Bangladesh without valid documents.

The travel agreement between India and Bangladesh will allow business visas to be valid for up to five years instead of the current one year.

"Such an arrangement will help to boost the trade and business of Bangladesh with India," said Mahbubur Rahman, president of the International Chamber of Commerce of Bangladesh.

"If Bangladeshis can travel freely, and the exporters can get their payment freely, then in less than 10 years Bangladesh's exports can be tripled to that country," Rahman said.

(Editing by Pravin Char)



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States agree to adopt 2008 GST model, with riders

The empowered committee of state finance ministers today met in Bhubaneshwar. After the meeting, the committee head Sushil Modi said that states have agreed to adopt the 2008 model for CST compensation, but with riders. The central government will have to fork out Rs 34,000 crore as compensation to states, reports Aakansha Sethi of CNBC-TV18.

A sub-committee had been set up by the finance minister of officials from the state and central governments and they have recommended a formula whereby they say that there should be 100 percent central sales tax (CST) compensation for 2010-2011, 75 percent for 2011-2012 and 50 percent for 2012-2013.

The states have said that there should be 100 percent compensation and including arrears they have for Rs 34000 crore. Considering that CST compensation had already been settled the empowered committees agreed to this but the finance minister also needs to give his final approval to this because the government is fiscally constraint at this point in time. It remains to be seen if that Rs 34000 crore will be given. It could be a carrot that could be used to convince the states to cone on board, of the record many state finance ministers said that several states are still opposing to good and services tax (GST). The conversation will happen tomorrow. Today, CST compensation was discussed. Tomorrow the report of the committee on the GST structure will be discussed and there is a big question mark on if states will agree to that because the finance minister had said that he would outline GST in the Budget, only if the states were onboard.

Sushil Modi, Head, GST Panel, says that the central government will give compensation to the states for 2010-2011, 2011-2012 and 2012-2013. The compensation will be given for three years on the basis of the guidelines issued on August 22, 2008. Already Rs 6000 crore has been given to the state governments. The states have claimed, but after verification of that claim we will arrive at the final figure. A tentative figure of about Rs 34000 crore will have to be given as compensation to the states for these three years.

All eyes are on tomorrow, whether the states will agree to the GST structure that the committee has recommended, and if it will be in line with what has been suggested in the constitutional amendment because it is already with the standing committee and if it has to go back to the drawing board once again it could delay GST to 2017-2018 which some experts are now predicting.


 



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Investors pour record $55 billion into U.S. stock funds in January

NEW YORK (Reuters) - Investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record, research provider TrimTabs Investment Research said.

U.S. stock mutual funds and ETFs accounted for $25.2 billion of the total cash gains, the most since January 2004. Global mutual funds and ETFs overtook them with inflows of $29.8 billion, a monthly record according to the research company.

The total inflows into stock funds surpassed the previous record of $53.7 billion in February 2000, TrimTabs said.

The benchmark S&P 500 stock index has risen 5.4 percent so far this month. Analysts have cited this month's strong inflows as a support to stock markets, along with stronger-than-expected corporate earnings and U.S. lawmakers' deal to avert the "fiscal cliff" of tax hikes and spending cuts.

According to Thomson Reuters' Lipper service, which tracks only funds that are based in the U.S., the three weeks ended January 23 have seen the biggest inflows from retail investors into stock funds since the start of 2001. The latest three-week streak has brought $14.9 billion into stock mutual funds alone, while the streak ended in early 2001 brought $16.3 billion into the funds.

Investors gave $6.1 billion to U.S. stock mutual funds and ETFs in the past five trading days alone, TrimTabs reported. Global funds, meanwhile, pulled in $9.3 billion over that period.

(Reporting by Sam Forgione; Editing by Kenneth Barry)



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Body of 6-year-old girl found

Written By Unknown on Senin, 21 Januari 2013 | 23.07

Mon, Jan 21, 2013 at 21:00

Body of 6-year-old girl found

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Body of 6-year-old girl found

Body of 6-year-old girl found

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Body of 6-year-old girl found

Body of 6-year-old girl found

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Ludhiana, Jan 21 (PTI) Police today recovered the highly decomposed body of a 6-year-old girl in a semi-nude condition in Ekta colony of Baste Jodhewal area here. The girl was missing from a nearby colony since January 12, police said. Police Commissioner Ishwar Singh said the body has been sent to civil hospital for postmortem. PTI COR CHS SMI

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J-K govt warns engineers not to leave HQs without permission

Mon, Jan 21, 2013 at 21:00

J-K govt warns engineers not to leave HQs without permission

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J-K govt warns engineers not to leave HQs without permission

J-K govt warns engineers not to leave HQs without permission

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J-K govt warns engineers not to leave HQs without permission

J-K govt warns engineers not to leave HQs without permission

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Jammu, Jan 21 (PTI) Jammu and Kashmir government today warned engineers posted in the state to not to leave their headquarters without permission of higher officials as it was affecting snow-clearing operations. "Engineers have been instructed not to leave their headquarters without permission of a competent authority. Stern action will be taken against the erring," state Minister for Roads and Buildings (R&B) Abdul Majeed Wani said. The warning came after several reports claimed that engineers had been leaving their headquarters without permission thereby causing inconvenience to people living in hilly, remote and mountainous belts as roads were not getting cleared of snow. PTI AB HU

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Armyman accused of molestation sentenced to imprisonment

Mon, Jan 21, 2013 at 21:00

Armyman accused of molestation sentenced to imprisonment

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Armyman accused of molestation sentenced to imprisonment

Armyman accused of molestation sentenced to imprisonment

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Armyman accused of molestation sentenced to imprisonment

Armyman accused of molestation sentenced to imprisonment

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Sibsagar (Assam), Jan 21 (PTI) An army personnel, accused of molesting a teenaged girl here, has been sentenced to three months imprisonment by an army court. Lance Naik Anil Kumar Upadhaya was tried by an army court and has been sentenced to three months imprisonment, the army informed Sibsagar Deputy Commissioner J N Lahkar in a communication, official sources said today. Upadhaya has also been demoted to a lower post from his current post of Lance Naik, the communique added. The teenager was allegedly molested by Army jawans on patrolling duty near a forest in Dolopa area of the district on July 13 last year. The girl who had gone to collect firewood from the forest was accosted by the armymen, posted in Nitaipukhuri camp, but she raised an alarm following which villagers rushed to the spot and saved her. The incident led to wide protests in Assam with people demanding that the accused be handed over to police but army maintained that it would first conduct trial in its court. PTI COR DG CR ASY

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Par panel hears Home Secy on anti-rape measures

Mon, Jan 21, 2013 at 21:00

Par panel hears Home Secy on anti-rape measures

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Par panel hears Home Secy on anti-rape measures

Par panel hears Home Secy on anti-rape measures

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Par panel hears Home Secy on anti-rape measures

Par panel hears Home Secy on anti-rape measures

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New Delhi, Jan 21 (PTI) In the wake of shocking Delhi gangrape incident, a Parliamentary Committee is mulling recommending a slew of corrective measures, including mandatory filing of FIRs in cases of sexual assault and fast tracking of such cases. Members of the Standing Committee on Home Affairs examining the Criminal Law (Amendment) Bill, 2012 today heard the views of Home Secretary R K Singh on the proposed measure. During the meeting, members felt that though law and order is a state subject, they should recommend fast tracking of cases relating to sexual offences, increasing the strength of women in police forces, time-bound completion of cases related to sexual crimes and mandatory lodging of FIRs in such cases. They felt that the recommendations would help strengthen the hands of the government. The recommendations could form part of the report on the Bill being examined by the Committee. Singh is understood to have informed the committee that the issues have already been taken up at the meeting of state police chiefs held recently. The Committee, headed by M Venkaiah Naidu (BJP), is learnt to have asked the Home Secretary to furnish details of the issues discussed in the meeting. On the issue on handing down capital punishment of those convicted of rape, Singh told the panel that the opinion on the issue is split and the government was awaiting the recommendations of the Justice J S Verma committee set up to propose amendments to laws relating to crime against women. Naidu is learnt to have asked Singh to provide the Committee a copy of the Verma panel recommendations, once it is submitted to the government. MORE PTI NAB RT

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Economic scenario likely to improve: Survey

Mon, Jan 21, 2013 at 21:04

India's economic situation is expected to change for better in the coming months, although the fiscal deficit target set by the government seems to be unachievable in the current scenario, a survey has said.

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Economic scenario likely to improve: Survey

India's economic situation is expected to change for better in the coming months, although the fiscal deficit target set by the government seems to be unachievable in the current scenario, a survey has said.

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Economic scenario likely to improve: Survey

India's economic situation is expected to change for better in the coming months, although the fiscal deficit target set by the government seems to be unachievable in the current scenario, a survey has said.

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India's economic situation is expected to change for better in the coming months, although the fiscal deficit target set by the government seems to be unachievable in the current scenario, a survey has said.

Also read: Par panel scrutinises 12th Plan document
    
The mood, as captured by the Assocham Business Confidence Survey for December 2012, seems to be improving at both the economic and industry levels, the chamber said. "The latest round of the survey connotes that economic situation has somewhat turned better in the last six months. Further, there is an expectation of situation to be much better in the short to medium term horizon at both industry as well as firm level," it said.
    
Majority of respondents said they expect their sales volumes to be higher in the following quarter and investments are also expected to be somewhat constant in the coming six months, the survey said.
    
In reference to the recent approval given to multi-brand retail, it stated that the industry believes that while the measure would have a positive impact on farmers, consumers, rural youth, employment and in reducing inflation, it would negatively affect small retailers and SMEs.
    
Further, the survey said, factors affecting business were poor infrastructure, high cost of credit and increasing raw material prices. It also noted the concerns of the respondents over the precarious fiscal deficit scenario of the government. "Rising fiscal deficit has been a major cause of concern not only for the policy makers but also for the industry," Assocham Secretary General D S Rawat said.
    
The survey showed that majority of the respondents firmly believed that the fiscal deficit target set by the government is not achievable in the current scenario, he said. The government hopes to restrict fiscal deficit at 5.3 per cent of the GDP in the current fiscal year in view of savings on certain expenditure and the likelihood of garnering budgeted proceeds from disinvestment and spectrum sale. The government had earlier enhanced the fiscal deficit target from 5.1 per cent to 5.3 per cent.


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23.07 | 0 komentar | Read More

FinMin wants gold removed from India-Thailand FTA

Government is contemplating removing gold jewellery from the list of items allowed to be imported under the India-Thailand free trade pact as several traders are misusing provisions to bring the precious metal from the South East Asain nation. "We have taken up the issue with the Commerce Ministry," Revenue Secretary Sumit Bose told reporters here.

He was replying to a query on whether the Finance Ministry is pitching for removal of gold jewellery from the India-Thailand free trade agreement (FTA).

Also read: Govt hikes import duty on gold, platinum to 6%
    
The FTA with Thailand allows gold jewellery imports at a concessional customs duty of 1 per cent. This concessional rates make gold imports attractive, especially when considering that the duty for importing standard gold bars, gold coins and non-standard gold stand at up to 10 per cent.
    
The Department of Revenue Intelligence (DRI) has alleged that some traders are bypassing rules of origin norms to import gold under the FTA with Thailand. Under the rules of origin norms, a trader can import gold from Thailand if the value addition is 20 per cent. If strictly followed, sources said, the import of gold jewellery from Thailand should become less attractive as prices of gold in India and Thailand are the same.

India is a big consumer of gold and traditionally the demand for gold is met through imports. In April-December 2012 the gold imports stood at USD 38 billion, as against USD 56.5 billion in  the full 2011-12 fiscal.



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Makarova eager to face rampant Sharapova

By Greg Stutchbury

MELBOURNE (Reuters) - Russian Ekaterina Makarova is eager to meet Maria Sharapova in the quarter-finals of the Australian Open on Tuesday even though her compatriot has been one of the dominant women players of the tournament.

The 19th seed met Sharapova in the same round last year at Melbourne Park, with the world number two recording a 6-2 6-3 victory and Makarova is keen on seeing if she has the game to match it with the world's best.

"I really want to play against her," Makarova said. "During last year we played lot of times, and I never beat her.

"So I'm really interested to play against her. She's in good form now, in good shape. I hope I show my good tennis again."

Makarova had entered last year's quarter-final against Sharapova having beaten Serena Williams. Makarova was then ranked 52nd in the world.

This year, she was seeded but still managed to upset a top-10 player when she beat fifth seed Angelique Kerber in the fourth round. She also beat 11th seed Marion Bartoli in the third round and Sharapova was not taking her lightly.

"I have to do the right things to beat her," she said.

"If I win that, it's moving on to the next one. That's how I go about a tournament, a grand slam.

"Obviously I want to be playing my best tennis towards the end of the second week."

While Sharapova has overpowered her opponents, tennis purists should be looking forward to the first match in the quarter-finals with world number four Agnieszka Radwanska playing China's sixth-seed Li Na.

Radwanska and Li are renowned more for their touch and construction of points rather than relying on the power game that the top three seeds Victoria Azarenka, Sharapova and Serena Williams have utilised ruthlessly in the tournament.

"It's never easy playing against her," Radwanska said of the 2011 French Open champion. "She's a very consistent player and moving very well, serving well.

"We played in Sydney. It was really tough match (and)... I really have to play... hundred percent to beat her."

Men's champion Novak Djokovic, who was forced into a five hour, five set marathon against Stanislas Wawrinka has been given some respite from that clash, with his match against Tomas Berdych the first match in the night session.

The winner of the Djokovic-Berdych match will face either fourth seed David Ferrer or his Spanish compatriot 10th seed Nicolas Almagro in the semi-finals.

Almagro has not beaten Ferrer in 12 previous clashes but his eyes are firmly set on ending that streak and moving into his first grand slam semi-final.

"(It) is a big opportunity for me to be in a semi-final," Almagro said.

"I'm ready to fight. I'm healthy and I'm happy with my tennis. I think I'm playing really good.

"We'll see what happens."

(Editing by Alison Wildey)



23.07 | 0 komentar | Read More

Algeria gas plant gives up its grisly secrets

By Lamine Chikhi

ALGIERS (Reuters) - The gas plant at In Amenas is giving up its secrets as Algerian special forces picking their way through the vast complex find dozens of bodies, some charred beyond recognition in the bloody end-game to one of the worst hostage crises in years.

Five days after 40 jihadist fighters raided the desert facility not far from the Libyan border and Algeria responded with a full-on military operation to kill or capture them, a picture of what happened is beginning to emerge.

While some of the hostages escaped in the early stages of the crisis, hopes faded for dozens of others, foreign workers and Algerians, once the army decided to take on the raiders.

Those who escaped had harrowing tales to tell. One Briton recounted how the attackers had strapped Semtex plastic explosive to his neck, bound his hands and taped his mouth shut. Another man hid for more than a day and a half under his bed as jihadist fighters searched the workers' residential complex.

Algerian sources said the attackers had come from Libya, but two of the Islamist fighters whose bodies were recovered appeared to be Canadian.

Workers from the United States, Britain, France, Japan, Romania, Norway and the Philippines were either dead of missing, with the overall death toll among hostages and militants put at 80 and rising.

The In Amenas gas plant probably felt impregnable to many who worked there - fenced in, hundreds of miles from anywhere and with the Algerian army patrolling its desert approaches.

That was a mirage. Libya, an ex-police state turned arms bazaar and now open for jihad, lies just 50 miles away. And in any case, the enemy was probably already inside the gates.

At least some the Islamist guerrillas who stormed in before dawn on Wednesday had driven along smugglers' tracks across the Libyan border just after midnight, an Algerian security official told Reuters, citing evidence from mobile phones traced to the militants.

NINE TOYOTAS

The militants arrived in nine Toyotas with Libyan plates and painted in the colours of Sonatrach, the Algerian oil and gas company that has a share in the plant, according to the Algerian daily El Khabar.

The ease with which they entered the fortified housing compound and nearby natural gas plant left Algerians in little doubt the gunmen had allies among people at the site.

"They had local cooperation, I'm sure, maybe from drivers or security guards, who helped the terrorists get into the base," said Anis Rahmani, editor of Algeria's Ennahar newspaper and a writer on security issues who said he was briefed by officials.

Officials in this secretive country said they had discovered cases before when Islamist rebels succeeded in having fellow militants employed by international energy companies. One told Reuters it was possible insiders had cooperated at In Amenas.

Locally hired workers who escaped told Reuters of seeing the gunmen moving around the sprawling facility with confidence, apparently familiar with its layout and well prepared.

The militants said they launched the raid to halt French military intervention in neighbouring Mali, which began a week ago, however the link is not yet clear. Several European and U.S. officials said the assault seems too elaborate to have been planned in such a short time.

It is possible the attack would have happened anyway, or that the French military operation provided a trigger to carry out an attack based on preparations made earlier.

Much may never become clear. The raid was carried out in a region closed to outsiders within a country whose government is unused to sharing sensitive information with the public.

First word of trouble came crackling over a walkie-talkie to the communications room at In Amenas, where a 27-year-old radio operator called Azedine logged a contact with a bus driver who, at 5:45 a.m. (0445 GMT), left to take some foreigners to the airstrip at the town of In Amenas, some 50 km (30 miles) away.

"Moments after the bus left, I heard shooting, a lot of shooting, and then nothing," Azedine told Reuters on Friday.

BUS SKIRMISH

Two people, one British, one Algerian were killed on two buses heading for the airport. It is not clear whether that incident was part of the plan that secured the militants access to the compound. Almost immediately after the bus skirmish, they were inside, in at least three vehicles.

The first Briton to die was identified as a Gulf war veteran who had been in the French Foreign Legion and was working for a security company.

People who have worked at the site, which sits with its back to cliffs in the dunes, say there was normally an overnight curfew, leaving it unclear how the gunmen were able to get so close before being challenged. Their initial approach may have been well off the main roads.

Freed hostages spoke of an alarm being raised, of frightened people staying in their offices or hiding in their dormitories.

Azedine saw a gunman put on the ID badge of a French supervisor who had been shot dead.

A French catering firm employee spent 40 hours cowering alone under his bed, terrified he would be killed.

Alexandre Berceaux said he had survived by staying in his room away from other foreigners, hidden behind a barricade of wooden planks and having Algerian colleagues sneak him food and water.

Pulled to safety on Thursday evening with other foreigners by Algerian soldiers who stormed the site, Berceaux had been so scared of being discovered that he only opened his bedroom door if the person knocking gave a secret password.

"I was completely isolated ... I was afraid. I could see myself already ending up in a wooden box," Berceaux said in a radio interview.

Rapidly the area was surrounded by heavily armed Algerian troops, with tanks, armoured vehicles and helicopter gunships from a nearby military base. The government in Algiers said it would not negotiate.

SMUGGLERS' TRAILS

People who know the site, operated by Britain's BP and Statoil of Norway along with Algeria's state energy company, Sonatrach, said a barracks housing several hundred soldiers lies along the three km (two miles) of road separating the accommodation compound from the industrial plant.

A former senior Algerian government official said guards appeared to have been caught napping: "They have all kinds of equipment, detailed surveillance, cameras," he said. "They were caught maybe at the right time, at five in the morning."

But he also acknowledged the militants may have had help among the local workforce: "Out of 700 Algerians, I am sure they will find a couple who will cooperate. It always happens."

Militant leaders like Taher Ben Cheneb, said by officials to have been one of the commanders of the operation and to have been killed on Thursday, have stoked resentment among southerners at the way foreigners and northerners dominate the better paid jobs in the oil fields.

Ben Cheneb, described as a high school maths teacher in his 50s, led the Movement of the Islamic Youth in the South. Security expert Rahmani said he joined forces for this operation with followers of Mokhtar Belmokhtar, a veteran of Afghan wars and a leading figure in Al Qaeda in the Islamic Maghreb (AQIM) who recently formed a new group named Mulathameen.

Belmokhtar, the overall commander but not present during the attack, claimed responsibility on behalf of al Qaeda for a raid he called a "blessed operation".

The two men had cooperated before, Rahmani said, notably in damaging an airliner in 2007 at Djanet, further to the south.

While Ben Cheneb's group appeared to have moved on In Amenas from a base inside Algeria, Rahmani said, Belmokhtar's men, led by Abu El Bara, appeared to have come in from Libya. Ben Cheneb, however, was based in Libya and had married a Libyan woman only two months ago, according to El Khabar.

ONE-EYED JACK

The group's field commander was a veteran fighter from Niger called Abdul Rahman al-Nigeri, Mauritanian news agencies reported. He led his men into the gas plant, where he is believed to have been killed, while another of the group's leaders, Abu al-Bara'a al-Jaza'iri, was killed at the residential complex.

Noting the one-eyed Belmokhtar's reputation as a cigarette smuggler as well as a holy warrior - locals call him the "Mister Marlboro" - Rahmani added: "They use the same back roads as the smugglers. You need a perfect knowledge of the Sahara to do it.

"They can use the same wells as the smugglers, the same fuel dumps hidden in the desert."

Canadian diplomat Robert Fowler, who was captured by Belmokhtar in Niger in 2008 and released after four months, nicknamed him "Jack" so as to be able to discuss him privately with fellow captives. Belmokhtar in turn referred to his prisoners as apostates and infidels.

More than a decade after Algeria's civil war killed some 200,000 people, Islamist fighters roam the sandy wastes of Africa's biggest country, mixing smuggling and kidnapping for ransom with opposition to the political establishment that has ruled in Algiers since French colonists left half a century ago.

These groups have been energised by the return of heavily armed ethnic Tuaregs and others from Libya, where they fought as mercenaries for Muammar Gaddafi until his overthrow in 2011. The new Libyan authorities are struggling to control their own deep south and it provides a launchpad for raids across the frontier.

ARMY ASSAULT

While security forces seek to impose control, the tracts of sand are vast, borders among the half dozen countries around the desert are unmarked, and the big money that can be made from illicit trade or kidnapping tourists and Western engineers can be used to buy favours from ill-paid officials.

Al Qaeda says it is fighting for a Muslim caliphate that transcends artificial borders in the Maghreb set by colonial powers.

Once inside the facility, militants, including bearded, ragged fighters and others in more urban dress, herded groups of Westerners together. Hundreds of Algerians were guarded more loosely. One Algerian worker told Reuters the gunmen said they were only interested in killing "Christians and infidels".

Several former hostages described the attackers, from their accents, as appearing to be Libyan or Egyptian as well as Algerian. Officials said many of the dead gunmen were foreign.

Algeria told Western governments, which voiced dismay at the storming of the facility on Thursday, that troops moved in only because guerrillas were trying to leave with hostages, possibly hoping to reach the Malian border.

The captors loaded hostages into a convoy. Special forces backed by helicopters moved in around noon, some 30 hours after the plant was seized.

In what appears to have been the deadliest part of the siege, as described by the family of Irish survivor Stephen McFaul, government forces bombed the convoy, blasting apart four vehicles full of hostages. McFaul was in a fifth truck which crashed. He dashed for his life and escaped, and believes all those in the other vehicles were killed.

McFaul told how the attackers had turned him into a human bomb, strapping Semtex round his neck.

Another Briton, Garry Barlow, called his wife from within the site during the attack and said: "I'm sat here at my desk with Semtex strapped to my chest."

During Thursday, most of the hundreds of people at the site were able to flee, some of them Westerners posing as Algerians.

"We cut the wire with clippers and ran for it, all together, about 50 of us with the three foreigners," one man was quoted as saying by The Times.

By Friday night, it remained unclear how many of the gunmen and their hostages were still in the facility - though both groups might number in the dozens.

The operation at the larger, residential compound was over and troops were now surrounding the industrial site, where Nigeri and his men were reported to be holding a group of hostages.

But this left Western governments and intelligence officials, long used to difficult relations with Algeria which is proud of its sovereignty, desperate for hard facts about the fate of their nationals.

Western capitals seemed to be in the dark when the dramatic and bloody final assault came on Saturday morning.

Algerian soldiers shot dead 11 gunmen who had executed seven foreign hostages, according to the state news agency. The militants were then found to have booby-trapped the gas complex with explosives, which the army had to defuse.

The operation appeared to be over, but mopping up went on for many hours, with dozens more bodies still being found and many questions still to be answered.

(Additional reporting by Alex Lawler and Jessica Donati in London, Writing by Alastair Macdonald; editing by Giles Elgood and Peter Millership)



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Algeria says 37 foreigners die in siege led by Canadian

By Lamine Chikhi

ALGIERS (Reuters) - A total of 37 foreign workers died at an Algerian desert gas plant and seven are still missing after a hostage crisis coordinated by a Canadian, Algerian Prime Minister Abdelmalek Sellal said on Monday.

Sellal also said that 29 Islamists had been killed in the siege, which Algerian forces ended by storming the plant, and three had been captured alive.

Earlier an Algerian security source told Reuters that documents found on the bodies of two militants had identified them as Canadians, as special forces scoured the plant following Saturday's bloody end to the siege.

"A Canadian was among the militants. He was coordinating the attack," Sellal told a news conference, adding that the raiders had threatened to blow up the gas installation.

The Canadian's name was given only as Chedad.

In Ottawa, Canada's foreign affairs department said it was seeking information, but referred to the possible involvement of only one Canadian.

American, British, French, Japanese, Norwegian, Filipino and Romanian workers are dead or missing after the attack, for which veteran Islamist fighter Mokhtar Belmokhtar has claimed responsibility on behalf of al Qaeda.

The jihadists had planned the attack two months ago in neighbouring Mali, where French forces began fighting Islamists this month, Sellal added.

In Tokyo, Prime Minister Shinzo Abe told a news conference he had received information that seven Japanese had been killed and the fate of three more was still unknown.

Six Filipinos died and four were wounded, a government spokesman in Manila said.

Norwegian International Development Minister Heikki Holmaas said his stepfather, Tore Bech, was among the missing and presumed dead. Bech was a manager at the site for the Norwegian energy company Statoil.

Sellal said that initially the raiders in Algeria had tried to hijack a bus carrying foreign workers to a nearby airport and take them hostage. "They started firing at the bus and received a severe response from the soldiers guarding the bus," he said. "They failed to achieve their objective, which was to kidnap foreign workers from the bus."

He said special forces and army units were deployed against the militants, who had planted explosives in the gas plant with a view to blowing up the facility.

One group of militants had tried to escape in some vehicles, each of which also was carrying three or four foreign workers, some of whom had explosives attached to their bodies.

After what he called a "fierce response from the armed forces", the raiders' vehicles crashed or exploded and one of their leaders was among those killed.

LIBYAN NUMBER PLATES

Sellal said the jihadists who staged the attack last Wednesday had crossed into the country from neighbouring Libya.

An Algerian newspaper said they had arrived in cars painted in the colours of state energy company Sonatrach but registered in Libya, a country awash with arms since Muammar Gaddafi's fall in 2011.

The raid has exposed the vulnerability of multinational-run oil and gas installations in an important producing region and pushed the growing threat from Islamist militant groups in the Sahara to a prominent position in the West's security agenda.

Algerian President Abdelaziz Bouteflika has ordered an investigation into how security forces failed to prevent the attack, the daily El Khabar said.

Algerian Tahar Ben Cheneb - leader of a group called the Movement of Islamic Youth in the South who was killed on the first day of the assault - had been based in Libya where he married a local woman two months ago, it said.

ONE-EYED JIHADIST

Belmokhtar - a one-eyed jihadist who fought in Afghanistan and Algeria's civil war of the 1990s when the secular government fought Islamists - tied the desert attack to France's intervention across the Sahara against Islamist rebels in Mali.

"We in al Qaeda announce this blessed operation," he said in a video, according to Sahara Media, a regional website. About 40 attackers participated in the raid, he said, roughly matching the government's figures for fighters killed and captured.

Belmokhtar demanded an end to French air strikes against Islamist fighters in neighbouring Mali. These began five days before the fighters swooped before dawn and seized a plant that produces 10 percent of Algeria's natural gas exports.

U.S. and European officials doubt such a complex raid could have been organised quickly enough to have been conceived as a direct response to the French military intervention. However, the French action could have triggered an operation that had already been planned.

The group behind the raid, the Mulathameen Brigade, threatened to carry out more such attacks if Western powers did not end what it called an assault on Muslims in Mali, according to the SITE service, which monitors militant statements.

In a statement published by the Mauritania-based Nouakchott News Agency, the hostage takers said they had offered talks about freeing the captives, but the Algerian authorities had been determined to use military force. Sellal blamed the raiders for the collapse of negotiations.

BLOODY SIEGE

The siege turned bloody on Thursday when the Algerian army opened fire, saying fighters were trying to escape with their prisoners. Survivors said Algerian forces blasted several trucks in a convoy carrying both hostages and their captors.

Nearly 700 Algerian workers and more than 100 foreigners escaped, mainly on Thursday when the fighters were driven from the residential barracks. Some captors remained holed up in the industrial complex until Saturday when they were overrun.

The bloodshed has strained Algeria's relations with its Western allies, some of which have complained about being left in the dark while the decision to storm the compound was being taken.

Nevertheless, Britain and France both defended the military action by Algeria, the strongest military power in the Sahara and an ally the West needs in combating the militants.

Among other foreigners confirmed dead by their home countries were three Britons, one American and two Romanians. The missing include five Norwegians, three Britons and a British resident. An Algerian security source said at least one Frenchman was also among the dead.

The raid on the plant, which was home to expatriate workers from Britain's BP, Norway's Statoil, Japanese engineering firm BGC Corp and others, exposed the vulnerability of multinational oil operations in the Sahara.

However, Algeria is determined to press on with its energy industry. Oil Minister Youcef Yousfi visited the site and said physical damage was minor, state news service APSE reported. The plant would start up again in two days, he said.

Algeria, scarred by the civil war with Islamist insurgents in the 1990s which claimed 200,000 lives, insisted from the start of the crisis there would be no negotiation in the face of terrorism. France especially needs close cooperation from Algeria to crush Islamist rebels in northern Mali.

(Additional reporting by Balazs Koranyi in Oslo, William Maclean in Dubai, d Daniel Flynn in Dakar, David Ljunggren in Ottawa and Ed Klamann in Tokyo; Writing by David Stamp; Editing by Giles Elgood)



23.07 | 0 komentar | Read More

British film director Michael Winner dies aged 77

LONDON (Reuters) - Flamboyant British film director Michael Winner, best known for the hit "Death Wish" series in the 1970s and 80s, died at his London home on Monday. He was 77.

In a statement released to the media, his wife Geraldine said: "A light has gone out in my life."

Winner, who reinvented himself in recent years as an outspoken restaurant critic in the Sunday Times, had been ill for some time, and revealed last summer that specialists had given him 18 months to live due to heart and liver problems.

He said in a later interview that he had considered going to the Dignitas assisted-dying clinic in Switzerland.

Winner's movie career spanned more than 40 years and included more than 30 feature films, including the successful Death Wish series starring Charles Bronson as a vigilante out to avenge family murders.

His big screen success was overshadowed by a divisive image in Britain as a bon viveur who did nothing to hide his wealth.

In a film career which spanned more than 50 years, he worked with some of the biggest stars in Hollywood, including Marlon Brando, Robert Mitchum and Faye Dunaway.

He later reinvented himself as a restaurant critic, writing about food in his typically flamboyant style in his Winner's Dinners column for the Sunday Times.

Winner, whose appearance in adverts for motor insurance coined the catchphrase "Calm down dear, it's only a commercial", also founded and funded the Police Memorial Trust following the murder of WPC Yvonne Fletcher outside the Libyan embassy in London in 1984.

More than 50 officers have been honoured by the trust at sites across the country.

(Reporting by Mike Collett-White, editing by Paul Casciato)



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Iran could reach key point for nuclear bomb by mid-2014 - U.S. experts

Written By Unknown on Senin, 14 Januari 2013 | 23.07

By Tabassum Zakaria

WASHINGTON (Reuters) - Iran could produce enough weapon-grade uranium for one or more nuclear bombs by mid-2014, and the United States and its allies should intensify sanctions on Tehran before that point is reached, a report by a group of U.S. nonproliferation experts said.

President Barack Obama should also clearly state that the United States will take military action to prevent Iran from acquiring a nuclear weapon, the report said.

The U.N. nuclear watchdog, the International Atomic Energy Agency, has expressed concern that Iran's nuclear program has a military dimension. Tehran, which says its nuclear program is for peaceful energy purposes, calls those allegations baseless.

The 154-page report, "U.S. Nonproliferation Strategy for the Changing Middle East," produced by five nonproliferation experts, was expected to be released on Monday.

"Based on the current trajectory of Iran's nuclear program, we estimate that Iran could reach critical capability in mid-2014," the report said.

It defined "critical capability" as the point when Iran would be able to produce enough weapon-grade uranium for one or more bombs without detection by the West.

By mid-2014, Iran would have enough time to build a secret uranium-enrichment site or significantly increase the number of centrifuges for its nuclear program, said David Albright, one of the project's co-chairs and president of the Institute for Science and International Security.

"We don't think there is any secret enrichment plant making significant secret uranium enrichment right now," he told Reuters. But there is "real worry" that Iran would build such a plant, he said.

The report recommends that the United States and its allies intensify sanctions pressure on Iran prior to that point because once Tehran acquires enough weapon-grade enriched uranium it would be "far more difficult to stop the program militarily."

INTERNATIONAL EMBARGO

The report recommends that the U.S. government should announce its intention to use sanctions to impose a "de facto international embargo on all investments in, and trade with, Iran" if Tehran does not comply with U.N. Security Council resolutions.

It also recommends sending a "crystal clear" message to Iran's leaders that U.S. military action would prevent them from succeeding in the pursuit of a nuclear weapon.

"The president should explicitly declare that he will use military force to destroy Iran's nuclear program if Iran takes additional decisive steps toward producing a bomb," the report said.

On the civil war in Syria, the report said that the U.S. government should emphasize to the opposition trying to oust President Bashar al-Assad that once it comes into power, it will have to work with the international community to destroy Assad's chemical weapons stockpile.

Failure to do so would lead to sanctions and other measures at a time when a new government would need external assistance to consolidate control and develop the economy, the report said.

It also recommended stressing to the Assad government that it should destroy the chemical weapons rather than use them and face prosecution or have them fall into the hands of its opposition.

In addition to Albright, the other project co-chairs were Mark Dubowitz, executive director of The Foundation for the Defense of Democracies; Orde Kittrie, law professor at the Sandra Day O'Connor College of Law; Leonard Spector, deputy director of the James Martin Center for Nonproliferation Studies; and Michael Yaffe of the Near East, South Asia Center for Strategic Studies at the National Defense University. They were not representing their institutions in this project.

(Reporting By Tabassum Zakaria; editing by Philip Barbara)



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JK formulates strategy to implement transport plan

Jammu, Jan 14 (PTI) To provide hassle free and safe transport to people, the Jammu and Kashmir government has formulated a comprehensive strategy to implement the short term policy under transport mobility plan. This was stated today by state Transport Minister Qamar Ali Akhoon during a meeting of the transport advisory committee here. Akhoon said the plan includes construction of new roads and flyovers, besides upgrading of existing roads and expansion of connectivity. The recommendations made by the committee, which include installation of traffic lights in Srinagar and Jammu, are being implemented, he added. PTI AB GVS AGL
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Woman pickpocket arrested

New Delhi, Jan 14 (PTI) A 40-year-old woman allegedly involved in pickpocketing in busy market areas in South Delhi has been arrested, police said today. Anita, a resident of village Ferozpur of Palwal in Haryana, was arrested yesterday when she pickpocketed a purse of Rakhi, a resident of Durga Vihar in Khanpur, at Sarojini Nagar Market while she was shopping with her friends, a senior police officer said. The complainant noticed the accused holding her purse in her hand. She was arrested with Rakhi's purse, which had Rs 1,000, and two more stolen purses were also recovered from her possession. During interrogation, she said that she was running a gang of pick pockets who operate in busy markets. "She had come to Sarojini Nagar market along with her two associates Reshma and Kavita, both resident of Faridabad. The gang used to operate in the busy markets such as Sarojini Nagar, Lajpat Nagar and Greater Kailash during weekends and used to steal purses and mobile phones," said Chhaya Sharma, DCP, South district. The other modus operandi they use was to involve minors who used to jostle around the victims to divert their attention and the kingpin and her associates used to steal by cutting their bags, the official said. PTI SMJ RT
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After Haryana, Punjab farmers now demand hike in cane price

Mon, Jan 14, 2013 at 21:02

After Haryana, Punjab farmers now demand hike in cane price

Like this story, share it with millions of investors on M3

After Haryana, Punjab farmers now demand hike in cane price

After Haryana, Punjab farmers now demand hike in cane price

Like this story, share it with millions of investors on M3

After Haryana, Punjab farmers now demand hike in cane price

After Haryana, Punjab farmers now demand hike in cane price

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Chandigarh, Jan 14 (PTI) After the Haryana government raised cane price by Rs 45 per quintal following farmers' protest, now a similar demand has come from Punjab farmers today as they have sought hike in price from the SAD-BJP government. Farmers led by Bhartiya Kisan Union (Lakhowal) today raised a demand for matching increase in cane price by the Punjab government. "Punjab government should now raise the cane price as increased by Haryana government after farmers successfully held a stir across the state in view of low price," Ajmer Singh Lakhowal, President of BKU said here. "If Punjab government also raise cane rate, then it will help the government in achieving crop diversification across the state," he said justifying the demand for raise in the wake of exorbitant increase in input cost. Lakhowal said BKU will raise the demand for increase in cane price with Punjab Chief Minister Parkash Singh Badal soon. At present rate, cane price in Punjab for 2012-13 is Rs 250 per quintal for early maturing varieties, Rs 240 for mid-maturing varieties and Rs 235 for late maturing varieties. The Haryana government had yesterday raised the overall cane price by Rs 45 per quintal on all varieties for 2012-13 which led to an end of over a week-long state cane farmers' stir over low rates. The rate of early variety of sugarcane would now be Rs 276 against the last year's price of Rs 231 per quintal. Similarly, the rate of mid variety would be Rs 271 instead of Rs 226 per quintal and that of late variety Rs 266 instead of Rs 221 per quintal. Earlier, the Haryana government had fixed the rate for 2012-13 at Rs 251 per quintal for early maturing varieties, Rs 240 for mid-maturing varieties and Rs 235 for late maturing varieties, which forced sugarcane farmers to hold statewide stir. The farmers' agitation in Haryana had led to cane crushing at sugarmills coming to a halt after farmers stopped the supply of cane to sugarmills. PTI CHS DKR

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The Nobel laureate, who visited sites of the The Nobel laureate, who visited sites of the dilapidated ancient Nalanda University, accepted Nitish Kumar's request for the former's help in getting the world heritage status for the world's oldest international institute of learning. Stiglitz described Bihar model of development and growth as a classic case of the state being an important instrument of promotion of growth. Speaking on the issues related to the global economies and economic meltdown in 2008, he said that the economic crisis last decade was due to US government relaxing its control or guidance of the market forces as a result the sub-prime crisis was allowed to develop as a major problem that had cascading effect on the entire economy. Stiglitz gave the example of Scandinavian countries and Germany as model economies in which the states have played pivotal role in regulating their economies for maximum benefit to their population and withstanding global turmoils. On the contrary, the economies of some East Asian countries collapsed in the last decade after the respective governments allowed the market forces to dominate the field, he said. "The states' role in shaping policies or regulating markets have been time tested mantra and it will remain so," he said. PTI KDK AMD MR

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CCI modifies apartment buyer's agreements in more DLF cases

Competition Commission of India (CCI) today said modifications suggested by it to the agreement between DLF and apartment buyers of the realtor's Belaire project would be applicable to two more projects of the company, namely Park Place and Magnolia.

The modifications to apartment buyer agreements follow a direction from Competition Appellate Tribunal (COMPAT), which is hearing DLF's appeal against the fair trade regulator's Rs 630 crore penalty and other sanctions against it.

Also Read; DLF has target at Rs 270, says Mohindar

After finding DLF abusing its dominant position, CCI had in August 2011 imposed the penalty on DLF and had asked the company to suitably modify its apartment buyer agreement to remove the unfair conditions.

After hearing DLF's appeal, COMPAT, however, asked CCI in March 2012 to pass another order specifying the extent and manner in which terms and conditions of the Apartment Buyer's Agreement needed to be modified.

Consequently, CCI passed a supplementary order on January 3 to modify the buyer agreement DLF's Belaire project at Gurgaon in national capital region. In two separate supplementary orders announced today, CCI has now said the modifications suggested for the Belaire project buyers agreement would be applicable for DLF's Park Place and Magnolia projects as well.

"The same modifications suggested by the Commission in its order in case (involving Belaire project) shall be applicable" to cases related to Park Place and Magnolia projects, the CCI said.

CCI had earlier asked DLF "to cease and desist from formulating and imposing such unfair conditions in its agreement with buyers in Gurgaon" and to "suitably modify unfair conditions imposed on its buyers".

The Commission had left it to DLF to modify unfair conditions, but the company preferred an appeal before COMPAT, which directed the CCI to pass an order specifying the extent and manner in which the terms and conditions of the Agreement need to be modified.

Explaining the various modifications in its 104-page supplementary order in Belaire case, CCI had said DLF enjoyed unilateral right to increase or decrease super area at sole discretion without consulting allottees who were bound to pay additional amount or accept the reduction in area.

CCI said "a mere letter from the company that the super area has increased is not sufficient" and the builder would have to give relevant information to the allottee as to how the super area stands increased.

The changes have also been made in clauses that provided for heavy penalties for default of allottee, but comparatively "insignificant penalties on DLF for its own defaults".



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Murray and Federer fire up at Melbourne Park

By Ian Ransom

MELBOURNE (Reuters) - Andy Murray's campaign for a second straight grand slam title gets underway on Tuesday when he takes centre stage against Robin Haase in the first round of the Australian Open.

Big things are expected of the 25-year-old Briton in 2013 after he finally shook the grand slam monkey from his back with his U.S. Open triumph in his fifth major final.

The 53rd-ranked Haase is unlikely to be a pushover, however, having taken Murray to five sets at the 2011 U.S. Open and beaten the Scot in their only other match at Rotterdam in 2008.

"He likes playing on big courts," third seed Murray told reporters of the 25-year-old Dutchman, who he will play in the opening match at Rod Laver Arena.

"He tends to come out firing and going for big shots, playing extremely aggressive. So, I'll need to be prepared for that."

Roger Federer also faces a tricky start against world number 46 Benoit Paire of France later in Rod Laver Arena where the second-seeded Swiss's lack of match practice will come under scrutiny.

The Swiss maestro eschewed all warmup tournaments in favour of working on the practice court, but has assured his legion of tennis fans he remains as motivated as ever in his bid for a fifth title at Melbourne Park.

Tuesday is likely to be a tough day for Romanian tennis fans, with two of their players taking on the women's top seed Victoria Azarenka and favourite Serena Williams.

Williams opens her campaign for a third consecutive grand slam title against Edina Gallovits-Hall at Hisense Arena, while defending champion Azarenka meets Monica Niculescu.

(Editing by Patrick Johnston)



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Indian economy sees encouraging turnaround signs: OECD

Indian and Chinese economies are seeing encouraging signs of turnaround, while the situation is improving in most of the developed world, Paris-based think-tank OECD (Organisation for Economic Cooperation and Development)  said on Monday.

The latest assessment from the OECD comes at a time when there are indications of slowing growth in India and China - two of the world' fastest-growing economies.

OECD's composite leading indicator (CLI) - that indicates turning points in an economy - inched up to 97.9 in November compared to 97.8 in October. "In the United States and the United Kingdom, the CLI continues to point to economic growth firming up. In China and India, the signs of a turning point are more marked than in last month's assessment," OECD, a grouping of mostly rich countries, said in a statement.

China saw its CLI rise to 99.7 in November as against 99.5 in October. CLIs for Italy, Germany, France and the Euro Area as a whole, reflected stabilisation in growth prospects. "Likewise, in Brazil and Japan, tentative signs of stabilising growth are emerging," it added.

In the first half of FY13 (April 2012-March 2013) the GDP growth was just 5.4 percent, and government expects an expansion of under 5.7 percent for the whole fiscal.

To bolster growth, the Indian government has embarked on a path of reform, such as allowing foreign direct investment in multi-brand retail. Among others, fiscal deficit is a major concern for the  Indian economy. In October, finance minister P Chidambaram suggested a fiscal deficit of 5.3 percent of GDP in 2012-13 was "doable", followed by 4.8 percent in 2013-14 and further gradual reductions to 3 percent by 2016-17.



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Govt relaxes export norms of pharma grade, specialty sugar

The government has liberalised the procedure for exports of pharmaceutical grade and specialty sugar. "Export of pharmaceutical grade sugar and specialty sugar will not be required to be registered with Directorate General of Foreign Trade (DGFT), the commerce ministry said in a notification.

Also Read: Negative on sugar stocks, positive on Sintex: Tulsian

However it said that every other type of sugar would continue to be subject to registration with the DGFT before export. While pharmaceutical grade sugar include sucrose, specialty sugar include sugar cubes, sugar sachets (white and brown), castor sugar, light brown sugar, icing sugar candy sugar, rainbow sugar. These varieties "would not be subject to registration requirement, it added. 



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Cheating case lodged against Hero Motocorp

A case of cheating, forgery and criminal conspiracy has been lodged against Hero Motocorp and senior officials on a Delhi court order for allegedly colluding to wrongfully terminate a contract with a firm providing labour to the two-wheeler manufacturer.

The court passed the order saying that "prima facie" the offences appear to be made out against 11 persons, including the company's managing director Pawan Munjal.

"From the facts of the case, prima facie cognisable offences appears to be made out against the accused persons and police investigation is required to determine the genuineness of the allegations levelled. Accordingly, station house officer at the Shakarpur police station is directed to register an FIR and conduct proper investigation of this case.

However, the investigating officer is not bound to arrest the accused persons until some credible evidence is found against them," Metropolitan Magistrate AK Aggarwal said.

The magistrate's order came on the plea of a Delhi-based businessman whose firm, Brains Logistics Pvt Ltd, had a contract with Hero Motocorp to provide it manpower and to manage warehousing operations of its spare-parts division. The businessman, Roop Darshan Pandey, in his plea had sought lodging of an FIR against Munjal and others for allegedly colluding with each other to wrongfully end his contract and accused them of usurping around 550 of his employees.

The other accused include the owner and manager of another firm who allegedly colluded with the Hero Motocorp officials in this regard.



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IRDA asked to specify roles of TPA in settlement guidelines

Written By Unknown on Senin, 07 Januari 2013 | 23.07

The Bombay High Court today said the Insurance Regulation and Development Authority (IRDA) can go ahead with the process of finalising regulations for settling insurance claims and for the role of Third Party
Administrators (TPAs) and powers of Ombudsmen.

The division bench of Chief Justice Mohit Shah and Justice A V Mohta was hearing a public interest litigation filed by social worker Gaurang Damani about the hardships faced by Mediclaim policy holders. IRDA today told the court that it had submitted draft regulations which would be placed before the Ministry of Finance for final approval.

Directing the IRDA to go ahead with the process of finalising the regulations, the HC asked the authority to specify the role of TPAs and state whether more powers could be given to the Ombudsman while hearing consumer complaints.

"The ombudsman as of now only has power to decide the approval or rejection of a claim but he has not been empowered to impose penalty or increase the claim amount," the Chief Justice said. The next hearing would be on February 12. Damani has alleged there are no standard guidelines to settle claims and it is left to the whims and fancies of the TPAs who are in fact not entitled to settle claims but are found to be doing so in several cases.

"TPA receives financial incentives to reduce claim ratio," Damani's petition says, adding there is discrimination in settling insurance claims of individuals and that of corporate clients.  



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Nothing can stop us now, says Istanbul bid chief

By Karolos Grohmann

(Reuters) - Istanbul's 2020 Olympic bid has no more obstacles in its way after a decision to stage the 2020 European soccer championship across the continent lifted a huge burden, bid leader Hasan Arat said on Monday.

Arat, handing in his city's official bid book along with bid rivals Tokyo and Madrid to the International Olympic Committee in Lausanne, told Reuters: "Nothing can really stop us."

The files will be officially released on Tuesday with the IOC electing the winner in September.

Istanbul's bid had been dealt a significant blow last year when Turkey also bid to host Euro 2020 and the IOC said the country could not host both events in the same summer.

With European soccer's governing body UEFA unveiling plans for a continent-wide Euro 2020 in December, Istanbul saw its Olympic chances restored.

"When that question came up we always said that our national priority was Istanbul 2020," Arat told Reuters in a telephone interview from Lausanne.

"This (Euro 2020) case is closed for us now. I hope that people now understand more that the priority is the Games. (Turkey Prime Minister) Tayyip Erdogan said (during the 2012 London Games) 'the Olympic flame is in my heart but now I want to hold it'. That is a top commitment.

"Nothing can really stop us. We promised our people that we will do our work very good," he said.

IOC WARNING

The IOC did not want an Olympic host nation holding another major event in the same year as the Games due to potential preparation problems and sponsor issues that could arise.

It had warned Turkey it would need to drop its Euro bid if Istanbul, bidding for the fifth time in the last six votes, was awarded the Games next year.

Madrid is bidding for a third consecutive time while Tokyo is submitting its second straight bid after failing to land the 2016 Games awarded to Rio de Janeiro.

"It is a new bid for a new Turkey," Arat said as the Turkish metropolis looks to become the first city in a Muslim nation to hold the world's biggest multi-sports event after a string of failed attempts.

"The economic situation is not the same as in the previous bids. When you look at the average economic growth it is 5.2 percent annually between 2002 and 2011," Arat said.

"There is political stability, government backing is very important and there is big support from the international sports events. That makes us very strong," he said.

The bid books are the cities' official proposals to stage the Games, responding to IOC questions on finances, venues, transport and accommodation among other aspects.

The IOC will stage evaluation visits to the three cities before delivering a report to IOC members ahead of the vote on September 7 at their session in Buenos Aires.

(Editing by Mark Meadows)



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Cabinet may okay change in SAT officers' appointment norms

The government is likely to discuss the proposed amendments in existing norms related to selection of the presiding officer of the Securities Appellate Tribunal (SAT), on Thursday.

"The Cabinet is expected to take up the issue of enlarging the field of selecting presiding officer of SAT under the amendments to Securities and Exchange Board of India(Sebi) Act, 1992, in its meeting scheduled on Thursday" a source said.

A statutory body, SAT was set up to hear appeals against orders passed by Sebi. The post of SAT presiding office has been vacant since November 28, 2011. In September, last year, the finance ministry had invited applications to fill the vacancy.

SAT is required to have a presiding officer and two other members, to be appointed by the central government. A SAT member is appointed for a tenure of five years and is eligible for re-appointment, subject to a maximum age of 62 years.

As per the finance ministry, a member of Sebi or any other person holding a senior management-level equivalent to executive director at the market regulator would not be eligible to be appointed as SAT member during his service and for upto two years of the date on which he ceases to hold office.

The candidate should have special knowledge or experience in law, securities, finance, economics, accountancy.



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App acts as a personal assistant for busy digital life

By Natasha Baker

TORONTO (Reuters) - Looking for a reliable assistant for your complex digital life? A new app that can detect tasks and help users to complete them could be the answer.

Easilydo, which is available in English for iPhone and iPod Touch in 46 countries, aims to be a pervasive assistant that uncovers tasks from email, calendars, social network and address books.

Tasks it helps to tackle include sending a birthday greeting through Facebook, tracking shipments, or adding contacts to an address book. Twenty four tasks can be detected and are cued up visually within the app.

"We're focusing on the consumer with recognition that most consumers, especially those with high-end smartphones also have professional tasks that they want to get done," said Mikael Berner, the CEO of San-Francisco-based company Easilydo.

According to Berner, the app is useful for knocking off tasks in batches, and also for getting assistance with impending chores.

If there's an upcoming conference call, the app will dial into the number. If there's an in-person meeting, it will remind the user when it's time to leave, and even provide a map to get there.

"We look at your location and if there's a major change in location we calculate the drive time and notify you 15 minutes before you should leave," Berner explained.

The app is also constantly on the lookout for news from social networks using language processing technology that can detect, for example, when someone buys a new home or gets engaged, so that a greeting or gift can be sent using the app.

"Every person has to make roughly 35,000 decisions a day, and the more decisions you have to make, the more worn out you are at the end of the day," said Berner, adding that only about five percent of those decision are conscious.

Another problem the app aims to ease is context switching, being diverted from one task to another before eventually returning to complete it.

According to Berner, the average office worker switches tasks every three minutes and doesn't return to a particular task until 22 minutes later.

"We think by helping to bring the information right when you need it and when you can do something about it we're helping to reduce that problem as well," he said.

The company plans to add new tasks monthly and to create a way for users to create custom tasks. It also plans to release an Android app and hopes to work with businesses such as banks or airlines to help their customers with tasks such as paying bills, checking into airlines or booking flights.

Similar apps include Google Now for Android, and Cue for iPhone.

(Editing by Patricia Reaney and Paul Casciato)



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