Citizens' Issues
Heavy rains kill 45 in Gujarat
Continuous rains have swollen many rivers and created a flood-like situation in Gujarat even as at least 45 people have following heavy showers in Saurashtra and south Gujarat, officials said.
 
Amreli district is the worst hit, with 36 deaths reported on Wednesday. The meteorological centre at Ahmedabad on Thursday predicted moderate to heavy rains in the coming days.
 
"The south-west monsoon has covered the entire Gujarat. Monsoon is active over Gujarat region and vigorous over Saurashtra," an official of Ahmedabad Meteorological Centre told IANS.
 
The official said: "Moderate to rather heavy rain would occur at most places in Gujarat region, Saurashtra-Kutch and in Diu, Daman, Dadra Nagar Haveli. The weather is about to remain same for the next five days.
 
"Floods too cannot be ruled out at the moment," he added.
 
According to All India Radio, 13 people died when two houses collapsed in Nani Vabhaniya village near Bagasara town of Amreli district.
 
Three people died in Bhavnagar district, two in Gaondal in Rajkot district and three lost their lives in Surat district due to the floods.
 
Gujarat Chief Minister Anandiben Patel, who reviewed the flood situation at a high-level meeting in Gandhinagar, urged people not to panic.
 
She also held meetings with senior officials and the Indian Air Force and discussed the situation with district officials.
 
The National Disaster Response Force (NDRF) and the IAF have been pressed into service for rescue and relief work in Amreli district. 
 
Additional companies of State Reserve Police (SRP) have been sent to all affected areas. Over 100 people were airlifted in Amreli while about 1,000 people were evacuated in Surat.

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Smart cities to be decided by citizens: Modi
Smart cities will be selected through a bottom-up rather than top-down approach, where the decision would be made by the citizens and municipalities concerned, Prime Minister Narendra Modi said on Thursday.
 
"For the first time such an approach is being taken, where neither the centre nor states will decide. The decision to become a smart city will be taken by the citizens themselves, by the municipalities," Modi said launching the three missions on Smart Cities, the Atal Mission for Rejuvenation and Urban Transformation and Housing for All.
 
"The city's vision towards its future development is necessary for any programme's success. Otherwise it will get bogged down, where state-level departments and agencies are awaiting directions from the centre, while cities are awaiting a decision from the state governments," he said.
 
"It will be a selection process for smart cities according to parameters, and thereafter the Centre and states will come in to help realise it. Competition is critical factor for the success of the programme," Modi added.
 
Smart City aspirants will be selected through a "City Challenge Competition" intended to link financing with the ability of the cities to perform to achieve the mission objectives.
 
Cities must qualify themselves through city-challenge criteria like sanitation, clean water, power, greenery quotient and ratio between revenue and expenditure on municipal salaries.
 
The government has approved the Smart Cities Mission under which 100 new smart cities, which would promote adoption of smart solutions for efficient use of available assets and enhance the quality of urban life, would be made.
 
Each selected city would get central assistance of Rs.100 crore per year for five years.

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COMMENTS

Ralph Rau

1 year ago

Hopefully in the next 4 years ONE smart city will be built

Then people can SEE and BELIEVE in this concept.

Till then it will be Maya.

How Did We Do in 2014?
Stocks from our Street Beat section were up 50% and those from our Cover Story of 20 March 2014 were up 79% in one year. From this issue, we are closing the Street Beat section and model long-term portfolio
 
31 March 2015, rose on an average of 50% (since the date of recommendation) when the Sensex rose just 15% on an average. Cover Story stocks managed to give an average return of 79% when the Sensex managed to gain 28% for the relevant period. An ‘active stock’ refers to a stock which has not been exited up to 31 March 2015. Our Street Beat section focused on many small-cap stocks because these are not tracked by analysts and fly below the radar of institutional investors. Such stocks had a great run in 2014. Here is our report card.
 
Of the 26 stocks recommended in our Street Beat section, four stocks were exited at profit. Aarti Drugs, mentioned in our issue dated 3 April 2014, was added on the merits of the company’s ability to launch bulk actives at low cost and provide contract research and manufacturing to partners in the developed markets. This stock was added at a price of Rs263.30 (when it was trading at a price/earnings of 5.95). Within a span of four months (18 July 2014), the stock reached at PE of 11.72. This was close to its highest PE (10.78) since September 2005. We booked a profit of 127%. 
 
Similar was the price performance of Aarti Industries which was exited at profit of 65% (issue dated 7 August 2014) as it came close to its highest PE level since June 2007. PBM Polytex, a cotton textiles company, was added in our issue dated 15 May 2014 when it was trading at Rs57.50. The stock soon surged from this level to Rs93.05 on 12 September 2014. We exited from the stock, in our issue dated 16 October 2014, booking a profit of 31%. At the time of exit, it was trading at PE of 3.41 which was its highest since September 2012. APM Industries, yet another textiles sector stock, which is into manufacturing and marketing of synthetic blended yarn, surged 55% from the time we added it. We exited at a profit of 36% in our issue dated 16 October 2014. The stock hit its highest PE of 3.91 since June 2009. Grindwell Norton, which was added in our issue dated 13 November 2014, never hit its recommended price.
 
Of the remaining 21 stocks, our assessment went wrong about Jaysynth Dyestuff which was recommended when it was trading at Rs61.85. From there, it went to hit its 52-week high closing at Rs69.80 on 27 August 2014. However, deteriorating fundamentals pulled the stock to its 52-week low closing at Rs33 on 26 March 2015. It was trading 44% below its recommended price on 31 March 2015. 
 
There were a few more in this category, namely, National Peroxide, Kirloskar Pneumatic and MOIL which closed lower on 31 March 2015. National Peroxide rose 34% by January 2015 from the recommended price but since then, the stock moved down. Excel Crop Care, technical-grade manufacturer and formulator of agro-inputs, was mentioned in our issue dated 16 October 2014 at Rs900. The stock hit the price on 9 February 2015. By 19 March 2015, it rose 8%. The five stocks which closed lower were, on an average, down by 15%.
 
 
As many as 16 stocks surged an average of 70%. Acrysil, aspiring to become a one-stop lifestyle kitchen products manufacturer, was added when it was trading at PE 9.78. By September 2014, it surged to a PE level of 31.69. At the end of March 2015 (based on four quarter trailing net profit for quarter ended December 2014), the stock was trading a PE of 28.11. This is among the top two gainers (204%) in our list. Finolex Cables, the top gainer in our list, closed 238% up. The lowest gainer has been Navneet Education which gained 4% since it was recommended. 
 
Our cover story of 20 March 2014 on stocks with dividend yield worked out very well. These stocks delivered 84% returns (79% on price and 5% on dividend). Of the 11 stocks only Andhra Bank did not declare dividend between 1 April 2014 to 31 March 2015. Akzo Nobel paid the highest dividend of 750%. It delivered 87% (inclusive of dividend). 

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COMMENTS

Geoffrey Allen

1 year ago

If Street Beat and the Model Long term Portfolio is to be discontinued from the next issue....is there any thing similar that would take its place. Would very much appreciate if you could reply on this subject.

Thanks and Regards

Sudharshan Katipally

1 year ago

consider to keep them active.

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