“Securities of UTV Software Communications and Carol Info Services will be suspended for trading on the NSE with effect from 9 March 2012 and 12 March 2012, respectively, on account of voluntary delisting pursuant to SEBI (Delisting of Equity Shares) Regulations, 2009,” according to a circular by the exchange
Mumbai: Shares of media and entertainment firm UTV Software Communications will stop trading on the National Stock Exchange (NSE) from 9th March, pursuant to a voluntary delisting by the company, reports PTI.
Besides, Carol Info Service, which provides contract manufacturing service for nutraceutical and milk-based products, would also be suspended for trading on the bourse from 12th March.
“Securities of UTV Software Communications and Carol Info Services will be suspended for trading on the National Stock Exchange with effect from 9 March 2012 and 12 March 2012 respectively on account of voluntary delisting pursuant to SEBI (Delisting of Equity Shares) Regulations, 2009,” according to a circular by the National Stock Exchange.
Both the companies had begun their respective delisting processes last month.
Walt Disney had offered Rs835.03-Rs1,000 a share for UTV Software shares, while the Khorakiwala Group had launched delisting offer for shares of the group firm Carol Info Services for Rs106 a piece.
UTV Software Communications and Carol Info Services would be excluded from S&P CNX 500 Index, while Indiabulls Real Estate and L&T Finance Holdings respectively would be included in the index.
At the end of the 10 months ending January, the fiscal deficit was Rs4,34,933 crore or 105.4% of the target, the Controller General of Accounts (CGA) said on Wednesday. The government had pegged the fiscal deficit for 2011-12 at 4.6% of the GDP or Rs412,817 crore
New Delhi: The government’s fiscal deficit target for the current year has been breached in January and with the numbers for two months still to come, the gap between expenditure and revenue may widen further, reports PTI.
At the end of the 10 months ending January, the fiscal deficit was Rs4,34,933 crore or 105.4% of the target, the Controller General of Accounts (CGA) said on Wednesday.
The government had pegged the fiscal deficit for 2011-12 at 4.6% of the gross domestic product (GDP) or Rs412,817 crore.
“It is known the fiscal deficit will exceed the target, not a surprise at all. Rather it could increase by one percentage point of the target, which is not a good sign at all,” said Govinda Rao, member of the Prime Minister’s Economic Advisory Council.
The fiscal deficit was 58.3% of the budget estimates at the end of ten months during 2010-11.
The rise in fiscal deficit is mainly on account of high subsidy bill, increasing crude oil prices, low tax collection and poor realisation from sale of government equity in state-owned companies.
However, the likely Rs12,500 crore earning from Thursday’s stake sale in oil-major ONGC could bring some relief for the government.
Besides, the lower economic growth could further deteriorate the fiscal situation as deficit is measured as a percentage of GDP.
The economic growth during the current fiscal is expected to be 6.9% as against the original estimate of about 9%.
Finance minister Pranab Mukherjee in his budget for 2012-13 to be presented on 16th March is expected to announce steps to contain the fiscal deficit.
As per the CGA data, tax collection during April-January 2011-12 was Rs458,567 crore or 69.5% of the Budget Estimates (BE). The mop-up during the same period last fiscal was 92% of the BE.
Similarly, the non-tax revenue collection totalled only Rs90,566 crore or 72.2% of BE. It was 136.6% of BE last fiscal.
Against the total income of Rs567,101 crore during April-January, the government’s expenditure was Rs10,02,034 crore.
As per the CGA data, revenue deficit during the period was Rs3,34,383 crore or 108% of BE. During the same period last year, the revenue deficit was 56.3%.
Once our politicians become healthy they will automatically become good human beings. They would empathise with the suffering majority to understand their sorrow and try to ameliorate their curse. Greed, anger, arrogance, corruption, and even unhealthy competition will all disappear from the political scenario
“Recall a recent time when someone was strongly critical of your opinions (perhaps your political or religious beliefs). Now, put yourself in their shoes—with compassion. Try to understand and appreciate their point-of-view not to change your own opinions, but to celebrate all our human differences - in peace”— Jonathan Lockwood Huie
Aravind Kejrival has stirred a hornet’s nest in his speech recently calling Indian parliamentarians all kinds of names. Of course, he didn’t say that ALL of them are bad. His very words were (in Hindi) that there are… people sitting inside there. I did not think that it meant all of them are… In fact, he put his face into the beehive with all the bees inside including the queen bee! He will, of course, be very badly stung and might have to be in the hospital cell soon when he arrives in their court to be punished for his sin. Kejrival must be hoping to have the justice of Lord Jesus Christ: “Let him throw the first stone who has not sinned.” Kejrival would come out unscathed if that happens. When I heard Kejrival’s speech accidentally on the idiot box I thought the Hindi language he used was more stinging than the English version of the speech.
Interestingly, all parties in parliament were in agreement that Kejrival had sinned, a unanimity which is seen only during the voting for enhancing MPs’ salaries and/or perks. Poor Kejrival has not had true education in politics where one learns to speak the truth rarely and speak the untruth all the time with sugar coating to make “a lie look respectful, murder decent, and should even be able to solidify pure air and promise a bridge where there is no river at all”—the last happened a week ago in the UP election drama. Our politicians daily improve and become good, gooder, and goodest, to use newspeak in politicking.
The next step would be to summon Kejrival to the House to be punished. Let us, for a minute, think about this whole drama. Agreed that Kejrival was immature and had erred, the educated human’s response would be to forgive him for the first offence to show to the world that the parliamentarians are more mature and better educated than the rest of us outside the parliament. After all God gives, gives and then, forgives. Man, on the contrary, gets, gets and then forgets. Parliamentarians should all be more Godly than the rest of us. If they send him to jail, they would be lowering themselves in the eyes of the public. Then there would be no difference between them and Kejrival who, in the first place, should not have said what he said that day. When one is in public service (I doubt if any of the parliamentarians thinks that s/he is in public service) one has to be acting justly, skilfully and magnanimously under all circumstances of war and peace; even in the present election war of unbridled one upmanship.
This story is unlikely to go on the above scripted lines. Looking at some of our leaders on the TV with their arrogance, haughtiness, insolence, disdain, anger, bad mannerisms, and contempt for all that is decent and ethical; one wonders if any of them is educated at all. They are, of course, literate, some of them having gone to great universities both in India and/or abroad. But that does not necessarily make them educated. True education is humility and equanimity. Neither of these two is in their dictionary. Their body language on the TV is, to say the least, offensive. One cannot expect any justice from such people for the common man. They are very, very clever, though. How cleverly they camouflaged their vote bank politics of reservations and quotas for minorities despite the Election Commission questioning their timing which, in effect, had a larger audience than a local election meeting. Now, the whole country’s voters are assured that quotas are certain for the minorities. The concerned party has browbeaten even the Election Commission. This single stage-managed drama shows how clever our politicians are in achieving their ends. Even apparently decent politicians seem to fall a pray to this trickery at times of need!
One truth I can disclose here with my experience, which cannot be held against me for contempt, unlike in the case of Kejrival, is the following. Many of our politicians are on long laundry lists of prescription drugs for various ailments. Although I had been writing for almost half a century that our modern medical reductionist chemical drugs are not a panacea but could be dangerous if used indiscriminately, no one listened to me. Now I have solid backing of the American establishment in that Dr Sanjay Gupta, the medical spokesperson of the CNN TV, was on the air recently showing that “every 19 minutes one American dies of prescription drugs!” The largest CADD study of Type II diabetes, the common variety that adults suffer from, kills more people when they take too many drugs to lower their blood sugar. The safe bet, the study showed, was to control one’s diabetes with sensible diet and exercise! The study also showed that tight control of blood sugar increases vascular complications! The famous HOT study showed that very tight control of blood pressure with powerful drugs only increases mortality and morbidity. The last straw on the camel’s back is the finding that people who take sleeping pills regularly have higher than normal chance of dying in sleep. Some pain-killers could bring on even a heart attack after a lapse of five years, in addition to having many other serious side effects!
Health is now defined as “Enthusiasm to work and enthusiasm to be compassionate.” If one applies this definition, how many of our parliamentarians are healthy? Many of the readers might not know that a coronary bypass surgery, a fashionable thing for all those who can afford it, results in cognitive brain damage of nearly 97% in the immediate post-operative period which is known to settle down to about 47% permanent damage in the long run! Are you now worried about the decisions some of them take in very responsible positions? When Godfrey Hounsfield in the early 1970s discovered the CAT scan machine at the EMI Laboratories in England there was a demand in the UK for routine CAT scanning of the brains of all parliamentarians there to see how many of them have significant brain degeneration not to be entrusted with the serious role of decision making for the country. However, that demand soon fizzled out! Now we could even do the fMRI—functional MRI— which would tell us how their brains work!
I have found a solution to make our leaders tranquil and healthy to be able to discharge their duties to the satisfaction of all of us. Even if they do have any illnesses they could be set right by simple low-tech remedial measures like yoga, praanaayama, sensible diet, exercise, herbal drugs and energy therapy. We need corrective surgery and trauma management from modern hi-tech medical establishment in addition, as more and more politicians could be targeted by terrorists in the future. All our politicians need regular lessons on the new Wellness Concept that I had developed some years ago. Wellness concept is to try and keep the well segment of the population healthy always by health promotion. I have a feeling that when once the politicians become healthy by the new definition, given above, they will automatically become good human beings. They would empathise with the suffering majority to understand their sorrow and try to ameliorate their curse. Greed, anger, arrogance, corruption, and even unhealthy competition will all disappear from the political scenario. Real democracy would be ushered in then in place of the present demonocracy that we have today. If we continue to go on the path that we are on today, a day will not be too far when life for the common man would be almost impossible.
Corruption has infiltrated into every aspect of a common man’s life. When the babus realize that their bosses are corrupt they would be doubly corrupt and bold to do anything and everything to make it big. Let us put our heads together to get India on its feet again. Rudyard Kipling was in India for eight years. After he went back he wrote this poem “If”. Leaders in any field in society would do well to keep Kipling’s “If” on their study table to draw inspiration from it. Politicians should be able to keep their heads when all others have lost theirs and blame it on the politicians. Politicians should be able to walk with the King (Queen) but still keep their common touch. They could mix with the crowd but should keep their virtue. But, more than all that, if a politician wants to inherit this earth s/he should be able to fill the “unforgiving minute with sixty seconds’ worth of distance run.” I am sure healthy politicians would forgive Kejrival instead of pettifogging about it. They should draw the final curtain on this unfortunate sordid drama. It is time for us to introspect to clean our own house first. Happiness comes with giving and not getting.
"Success" isn't about money or fame. Success is living a life you feel proud of”—Anon
(Professor Dr BM Hegde, a Padma Bhushan awardee in 2010, is an MD, PhD, FRCP (London, Edinburgh, Glasgow & Dublin), FACC and FAMS. He is also the editor-in-chief of the Journal of the Science of Healing Outcomes, chairman of the State Health Society’s Expert Committee, Govt of Bihar, Patna. He is former vice-chancellor of Manipal University at Mangalore and former professor for cardiology of the Middlesex Hospital Medical School, University of London. Prof Dr Hegde can be contacted at [email protected])