Economy
India needs to be energy independent to serve people's need: Modi
Stressing on energy security, Prime Minister Narendra Modi on Friday said India will have to be independent in this area and seek new avenues to replenish existing sources in a bid to serve the growing appetite of the people.
 
"We need to be independent when it comes to providing our people with energy," Modi said, while inaugurating the "Urja Sangam - 2015" conference on energy security at the Vigyan Bhavan exposition complex here.
 
He also pitched for people who are well off to surrender their fuel subsidy entitlement.
 
"People who don't need LPG subsidy and those who are capable of managing without it should give it up. I ask you to join this movement. Give up gas subsidy. Create a record. The subsidy that you will give up will go a long way in benefitting the poor people."
 
People are already giving up their subsidy, Modi said, and added that "over 2.8 lakh consumers have surrendered LPG subsidy, resulting in a saving of Rs.100 crore to the exchequer".
 
Modi said that the government aims to provide piped cooking gas, which currently serves 27 lakh households, to one crore households in the next four years.

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Worrying tales of the world's worst cops (The Funny Side)
I so hate that Eminem song that uses a police siren as an instrument. Every time it's on the car radio I have a heart attack. Why are the police following me and why can't I see them?
 
Hot Tip: Make sure you look wildly off your head in your driving licence photo so that when traffic cops stop you and check it, the real-life you looks comparatively calm and sober.
 
Police are on my mind after a reader sent me a news item about cops who raided a brothel a few days ago and found four colleagues using it.
 
The really bad thing was that the embarrassed officers were supposed to be on an important assignment taking a murderer from jail to a clinic and back.
 
The really really bad thing was that during the arrests, murderer Baiju Yadav slipped away into the nearby township (this happened in West Bengal, India).
 
The really really really bad thing was that the murderer voluntarily returned to the prison that night and told police bosses that he was a good guy who hadn't wanted to go to the brothel but the nasty cops forced him to. When a convicted murderer is telling people that in his opinion you and your mates are seriously bad dudes, your reputations are pretty much shot.
 
I told a gang of readers that that was the worst "bad cops" tale I had heard for a while, but they all tried to top it.
 
The American said that New York judges were so horrified by the corruption of bad cop Louis Eppolito that he was jailed for "life plus 100 years", so technically speaking jailers will have to keep his corpse behind bars for a century. Imagine the conversation in, say, the year 2100. "Who's in cell nine?" "Eppolito's skeleton. He's a bit on the quiet side."
 
He also told me about a US policeman named Jonathan Garcia who used to sell drugs while in uniform. Wonder what his standard line was? "Come out with your hands up and check out these items available at a low, low price if you act now."
 
The Hong Kong police force is angelically pure now but used to be bad. One Commissioner of Police was officially described as "an excellent law enforcement officer", the only stain on his copybook being that he ran a string of brothels in the street next to police HQ. In 1971, civil servants decided to check out the personal property acquired by a suspiciously flashy police sergeant named Hon Sum: they found he had a fortune in the bank, two limousines and 49 homes.
 
Being a male-dominated group, our conversation quickly escalated into a "my officials are corrupter than yours" contest. The mainland Chinese representative, who always has to be number one in any discussion, held up corrupt official Lai Changxing who stole a world-beating $10 billion, but he was beaten by Indonesia's Suharto, with an estimated take of more than $15 billion.
 
Meanwhile, if police DO stop you for speeding, I can certify that attempts to talk your way out of trouble with science don't work: "If we factor in the 1,600 kmph speed of the earth's rotation, we're all speeding, right?"

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Government to invest $10 bn in chip manufacturing units

RS Sharma, secretary, Department of Electronics and Information Technology (DeitY) said that India provided an exciting hub for electronics investment mainly on account of the surging domestic market and infrastructure, logistics and financial support being provided to the investors, whether they are from India or abroad

 

The government would invest $10 billion in chip manufacturing facilities coming up in Gujarat and Uttar Pradesh, where a consortium of firms are to set up the production bases.
 
"India would also be investing $400 million in developing an Indian version of micro-processor. These are part of the initiatives that are under way to create an eco-system that lays focus on high ended innovation," R.S. Sharma, secretary, Department of Electronics and Information Technology (DeitY) said on Thursday while addressing the first Indian Electronics Expo organised by Electronics and Computer Software Export Promotion Council.
 
A dedicated Electronics Development Fund had been created to leverage the use of venture capital funds to promote more start-ups in the country, he added.
 
Infrastructure for chip manufacturing and designing will be considerably strengthened in India to cater to the growing domestic demand and to cut down the imports in the next few years, he said.
 
Sharma said India provided an exciting hub for electronics investment mainly on account of the surging domestic market and infrastructure, logistics and financial support being provided to the investors, whether they are from India or abroad.
 
He mentioned that Make in India coupled with Digital India program initiated recently by the government, can renew the interest in electronics production in the country and can help India achieve the target set for zero import of electronics into the country by 2020.
 
The expo is attended by over 125 delegates from 26 countries. More than 30 Indian companies are displaying their electronics hardware products at the two-day expo.
 

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