Leisure, Lifestyle & Wellness
Indian wines sparkled at Italian show
The range of products included several awarded wines from Maharashtra's Nashik Valley and from the Solapur area such as Sauvignon Blanc, Viognier, Riesling, Chenin Blanc, Sangiovese White, Cabernet Sauvignon, Sangiovese, Zinfandel Rose and Sula Dindori Shiraz
 
A selection of the best Sula Wines and Indivine by Fratelli Wines from India were on view at the just-concluded Vinitaly 2015 international wine exposition at this northern Italian town.
 
"Never in the past has such a broad range of wines from India has been made available in Italy and this allowed visitors and connoisseurs to get an understanding of Indian terroir (a French term that literally translated means earth or soil) and its characteristic flavours," the organisers said.
 
The range of products included several awarded wines from Maharashtra's Nashik Valley and from the Solapur area such as Sauvignon Blanc, Viognier, Riesling, Chenin Blanc, Sangiovese White, Cabernet Sauvignon, Sangiovese, Zinfandel Rose and Sula Dindori Shiraz.
 
In addition, there was the Sula Sparkling Seco and Sula Brut, the only Indian "Methode traditionelle" available
 
Vinitaly had a strong focus on business this year, including meetings with delegations and calendar of b2n event, professional seminars and tastings sure to provide effective answers useful for business strategies in the wine sector (www.vinitaly.com ), a statement said .
 
Overall, the wine sector is worth more than 10 billion euros, of which more than 5.1 billion euros is generated by exports.
 

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SC notice to Advani over Babri Masjid demolition
The Supreme Court on Tuesday issued notice to senior BJP leaders L.K. Advani and M.M. Joshi on a petition challenging the Allahabad High Court verdict discharging them of criminal conspiracy in the demolition of Babri Masjid in 1992.
 
Besides the two, union Minister Uma Bharti and Rajasthan Governor Kalyan Singh also have been issued notice. The Allahabad High Court on May 20, 2010, absolved them of the conspiracy charges in the 22 years old case.
 
An apex court bench of Chief Justice H.L. Dattu and Justice Arun Mishra issued notice as senior counsel Kapil Sibal told the court that a fresh application has been moved by Haji Mahboob Ahmed challenging the high court verdict.
 
 
The court also gave the Central Bureau of Investigation (CBI) four weeks to get the papers to support its case challenging the discharge of Advani and others.
 
Additional Solicitor General N.K. Kaul told the apex court that the CBI has already filed an affidavit explaining delay in filing the petition challenging the high court order. 
 
Allowing four weeks' time, the court said it would be hearing the matter on the question of law, delay and merits.
 
The CBI, which had moved the apex court on February 18, 2011, nearly nine months after the Allahabad High Court verdict, is yet to persuade the court on the justification for delay of nine months in challenging the high court order.
 
The CBI in its appeal before the apex court has said that the high court verdict discharging Advani and others of the offence of criminal conspiracy "is inconsistent with the previous judgment rendered by the Allahabad High Court on February 12, 2001". 
 
The Lucknow bench of the Allahabad High Court by its February 12, 2001, order had held that the trial court committed no illegality in taking "cognizance of joint consolidated charge-sheet" and "all the offences were committed in the course of the same transaction to accomplish the conspiracy".
 
The high court by its order had noted that the "evidence for all the offences was almost the same".
 
Besides Advani, other accused include senior BJP leaders M.M. Joshi, Vinay Katiyar, Vishwa Hindu Parishad (VHP) leaders Ashok Singhal, Giriraj Kishore, Hari Dalmiya, Uma Bharti, Sadhvi Ritambrara, Mahant Avaidyanath and former Uttar Pradesh chief minister Kalyan Singh.

 

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Well-endowed pension fund can help capital market growth: SEBI chief
As India does not have too many large domestic institutional investors, a well-endowed domestic pension fund will be the panacea for a robust and sustainable capital market, SEBI chairman U.K. Sinha said on Monday.
 
"A well endowed domestic pension fund in India will be the panacea for a robust and sustainable capital market," he said at an event organised by CII here.
 
According to Sinha, there is a large corpus of Foreign Institutional Investment and a huge window for long-term equity investment in the Indian capital markets for domestic pension funds which can reduce the vulnerability of capital markets.
 
Further, he urged the industry to look at National Pension System of Pension Fund Regulatory and Development Authority (PFRDA) as a social security option for their employees to ensure that large corpus of long term funds are made available for investment in capital markets.
 
"In spite of the new government's pro-development agenda, the enhanced investor confidence and a great budget, the primary markets in India have somehow not picked up till now," the Securities and Exchange Board of India chief said.
 
Speaking about alternate investment fund options available in India, he said the regulations related to Real Estate Investment Trusts (ReITs) in India are in line with some of the best in the world and has the potential to take up a substantial chunk of the capital market here.
 
"SEBI is coming out with regulations on Municipal Bonds very shortly and these bonds will play a very important role in the aspirational 100 Smart Cities mission of the government," he said.

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COMMENTS

Nilesh KAMERKAR

2 years ago

For growing /developing the capital market and also for offering social security this option given in the link below, is far superior than all the options suggested above . . . लेकिन कम्बख़्त सुनता कौन है???

http://smartinvestor.business-standard.c...#.VRrVEvmUdFY

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