Economy
Government to import pulses to check inflation
The government on Wednesday said that it would import pulses in large quantities to check rising prices of the commodity.
 
At a meeting of the union cabinet chaired by Prime Minister Narendra Modi here, the issue of rising prices of pulses was discussed.
 
"The cabinet discussed the rising prices of pulses and expressed concern about the same. The prime minister has directed to import pulses in large quantity to keep domestic prices under check," Road Transport Minister Nitin Gadkari told the media after the cabinet meeting.
 
India imports nearly four million tonnes of pulses annually.

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Police suspect racket behind Tomar's 'fake' degree: Bassi
A day after former Delhi law minister Jitender Singh Tomar was arrested in a case of an alleged forged degree, Delhi Police chief B.S. Bassi on Wednesday said that the police would probe if it was a racket.
 
Finding out those behind the forgery of documents was the "most important" aspect of the case involving Tomar, Bassi told media persons here.
 
"Who made them (documents)? Was it done by him (Tomar) or were these procured?" the police officer asked.
 
Bassi pointed out that if the documents were procured, it was important to identify the persons behind it. 
 
"Since when was the racket functioning? Who else, besides Tomar, was provided such documents?" he said.
 
Bassi said that earlier experience indicated that those involved in such rackets provide forged documents to many people. 
 
Police would seek to identify all those involved, and also persons who were given such documents.
 
The police commissioner said that such malpractices damaged the educational system and police would reach to the bottom of the matter.
 
Tomar, arrested by Delhi Police on Tuesday, is currently in four-day police remand. He resigned after his arrest. 

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Artist got shares, now worth $200 million, for painting Facebook office
David Choe, the artist who painted the Facebook Incorporation building in 2005, was not paid in cash. Instead, he was given stock and today the same stock is worth $200 million.
 
David Choe was persuaded by Facebook's founding president Sean Parker to do the work in exchange for stock when the company was just a start-up. Choe asked for $60,000 to decorate the entire Facebook building, but Parker convinced him to take stock instead, valueWalk.com reported.
 
Choe related the experience during an interview with America's famous TV and radio personality Howard Stern in 2014. He said that Parker convinced him to take the stock despite a lack of assurance that it would be worth anything.
 
At the time, Parker was a "skinny, nerdy kid" who told Choe that he was going to raise money for the company. "He got a super-sharp haircut, started working out every day, got tan, got a nice suit. I was like, 'This guy's crazy', Choe was quoted as saying.
 
However, Parker's work paid off after he convinced PayPal co-founder Peter Thiel and LinkedIn Corp co-founder Reid Hoffman to get on board and invest in Facebook.
 
"I believed in Sean. I didn't care about Facebook. I'm like, this kid knows something, and I'm going to bet my money on him," Choe said.
 
Choe claims that he knew that Facebook would at least be able to give him the $60,000 he had originally asked for, because he was present when Thiel decided to invest in the company.

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