Month: July 2014

Assets under management (AUM) of mutual funds in India rose by Rs.80,000 crore or nine percent to Rs.9.85 lakh crore in the April-June quarter of the current fiscal, industry data showed Wednesday.

The country’s 44 fund houses together had an average AUM of Rs.9.85 lakh crore during April-June quarter of 2014-15, up from Rs.9.05 lakh crore in the preceding three months, according to the latest data available with Association of Mutual Funds in India (AMFI).

However, AUM had touched a record Rs.10.11 lakh crore at the end of May.

Sri Lanka’s military Wednesday denied sending a boat to pick up 153 asylum seekers believed to have been on board a ship stranded in Australian waters, an official said.

No boat has been sent to pick up asylum seekers, military spokesman Brigadier Ruwan Wanigasooriya told reporters, adding there are no plans to send one either.

“We have heard speculation of this and wish to state no navy vessel has been dispatched to collected asylum seekers. Moreover given the rough sea conditions, it is unlikely a boat could even reach the area,” Xinhua quoted him as saying.

The Indian government has communicated with the US over reports of spying on the BJP that surfaced recently, the external affairs ministry said Wednesday.

“We have already communicated to the government of the United States. We have said that we have seen reports in the US media regarding authorisation given to entities of the US government to intrude upon the privacy of communications of the Indian government, its citizens and Indian entities,” external affairs ministry spokesperson Syed Akbaruddin said.

Union Home Minister Rajnath Singh Wednesday called for reviewing and strengthening of the VIP security cover to various political leaders and other individuals sanctioned by the previous UPA government.

At a high-level meeting here, Rajnath Singh said the security arrangements should be reviewed and suitably strengthened, wherever required.

–IANS

The Congress Wednesday accused the BJP of “prejudice” against former solicitor general Gopal Subramaniam, and said the ruling party lacked respect for the judiciary’s independence and impartiality.

“The government action speaks nothing except prejudice,” Congress spokesperson Abhishek Manu Singhvi said, alluding to the hasty manner in which Subramaniam’s name was segregated from the list of four persons to be made apex court judges.

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Health Minister Dr T Rajaiah today invited the striking junior doctors for discussions to solve their problems.
Speaking to mediapersons, Rajaiah said higher officials have been deputed to hostels to hold discussions with junior doctors. On the humanitarian grounds, the medicos should resume duties at the hospitals keeping in mind the hardship being faced by the poor people, he added. (NSS)

CPI senior leader and former MLA from Rajolu Alluri Venkatarama Raju passed away Tuesday night.
He was 85 years. According to family sources, Venkatarama Raju, who was ailing for some time, breathed his last in his house in Sarpavaram village. The deceased had participated in the freedom struggle actively. (NSS)

Industrialist Ness Wadia Wednesday provided a list of nine people present at the Wankhede Stadium May 30 in connection with the abuse case filed against him by his ex-girlfriend, Bollywood actress Preity Zinta.

The list has names of six women and three men who were present during the Kings XI Punjab versus Chennai Super Kings match when the alleged incident took place.

AP Minister for Human Resources Development Ganta Srinivasa Rao on Wednesday released Intermediate first year advanced supplementary results this morning.
Speaking on the occasion, the minister said DSC notification would be released every year hereafter. Stating that the government was contemplating to scrap TET for the DSC, Ganta disclosed that an exclusive website will be formed to solve all problems in the Education sector.

Goa Chief Minister Manohar Parrikar Wednesday said his comments in the media on women and rape were misquoted and there was no insensitivity in his comments.

Communicating via his official Twitter handle, Parrikar said: “Whatever I have spoken at the Annual Day of the Goa State Industries Association (GSIA), attended by a lot of women, is in public domain… No sensible person with knowledge of English will ever think there is any insensitivity in my address. This time, the concerned owe me an apology.”

Jammu and Kashmir Chief Minister Omar Abdullah today said he does not have a “wish list” for Prime Minister Narendra Modi, who will visit here later this week, but will only demand the state’s right.

“I do not have a wish list. I am not going to him with a wish list. Whatever is the right of the state, we should get that and we want to have that. He is coming here for two functions related to the Central government and nothing more than that,” Omar told reporters here.

The Chief Minister said the state is not demanding more than what was its right.

For the 2014-15 academic year admissions are open at Andhra Mahila Sabha College of Fine Arts & Media Education, affiliated to Potti Sree Ramulu Telugu University, OU Campus.

Prof. N.Siva Prasad has been appointed as Director, GITAM University, Hyderabad Campus and took charge on Wednesday. The predecessor Prof. Ch.Sanjay has been appointed as Principal, GITAM School of Technology. Dr. M.Potharaju, Registrar has called on to the Director and greeted him on his new appointment. He has heart fully welcomed the 37 years experienced IIT Madras Professor to the GITAM family. Dr. R.Siva Kumar, Pro VC (R&D), Prof. Ch.Sanjay, Prof.

They both have Indians roots, grew up in the US and are part of the glamour world. Now couturière Amita Bal and Trishala Dutt, daughter of Bollywood actor Sanjay Dutt and late actress Richa Sharma, have joined hands and are set to give “fashion” a new meaning.

Their first project is for a high-end fashion magazine.

The Telangana State government has decided to write to the Krishna River Waters Management Board expressing its dissatisfaction over its functioning.
Irrigation Minister T Harish Rao held a meeting with officials of Irrigation department and discussed the issues concerning the Krishna River waters.

Former India all-rounder Ravi Shastri feels that the Indian team would do well to attack home team skipper Alastair Cook, who is under immense pressure after a prolonged bad patch, during the upcoming five Test series against England, starting July 9.

England enter the Test series against India on the back of a 0-1 loss to Sri Lanka with Cook not having scored a Test hundred in the last 24 innings, and Shastri said that the visiting team must prevent the English skipper, who averages 55.26 against India, from gaining a foothold in the series.

Hot spell is likely to prevail in Telangana and Seemandhra regions in the next 48 hours, according to the Indian Meteorological department.
In a weather bulletin, the IMD stated dry weather conditions prevailed in the two States due to weak South West monsoon increasing the day and night temperatures. While Telangana region registered 3 to 8 degrees Celsius above the normal temperature, the Seemandhra region registered three to five degrees Celsius more than the normal temperature. With this, most parts of the two States were experiencing hot winds, it added.

The ruling Biju Janata Dal (BJD) Wednesday won civic body elections in two Odisha towns.

Of 15 wards in the notified area council of Titilagarh in Bolangir district, about 330 km from here, the BJD won 14, an official told IANS. The remaining one seat went to the Congress.

Similarly, the ruling party won 15 of 21 wards in the municipality at the district headquarters town of Bolangir.

The Congress won four wards. The Bharatiya Janata Party (BJP) and Independent got one ward each.

Bolangir is the home town of state BJP president K.V. Singh Deo.

TSGENCO, here on Wednesday launched its official website, which can be accessed at URL for dissemination of information on its activities and to maintain transparency. The website highlights about tenders, corporate mission, vision, services and so on of TSGENCO.
TSGENCO Chairman & managing director D Prabhakar Rao inaugurated the website and also inaugurated and released the e-mailing solution of TSGENCO at its corporate office, Vidyut Soudha here in the presence of functional chiefs of TSGENCO.

Prime Minister Narendra Modi today sought the help of Singapore’s expertise in implementing his government’s agenda of providing low-cost housing to all.

The issue came up when Singapore’s Minister for Foreign and Law K Shanmugam called on Modi here as part of discussions on ways to expand cooperation in various areas, including good governance, development of smart cities, water management, shipping, port and coastal development.

West Bengal Chief Minister Mamata Banerjee today reshuffled her Cabinet, the second time this year, with labour minister being shifted to agriculture, induction of two new faces and return of veteran TMC leader Moloy Ghatak.

Purnendu Basu’s shift from labour to agriculture ministry came at a time when the state is witnessing serious labour issues manifested in the death of a jute mill CEO at the hands of irate workers and prolonged suspension of work at Hindustan Motor’s Uttarpara plant where around 2,300 wage earners are living in a state of uncertainty.

The government has taken cognizance of the reports of the US spying over the BJP and it should not happen again, the party said Wednesday.

“The government has taken cognizance of the reports, and it is unfortunate. It should not happen again,” Bharatiya Janata Party (BJP) spokesperson Syed Shahnawaz Hussain said.

He added the former UPA government also spied on the BJP.

“We knew that the previous government maintained surveillance on BJP, but we did not know the US was doing that as well,” he said.

Bangladesh Prime Minister Sheikh Hasina said she is hopeful that the verdict in the Bay of Bengal maritime boundary dispute with India will be in favour of Bangladesh.

Hasina expressed her views while speaking at the inaugural programme of National Fisheries Week 2014 at Bangabandhu International Conference Centre in the capital, The Daily Star reports.

The verdict was to be announced by a Netherlands court in the maritime boundary dispute last month.

Indian National Congress (INC) leader Abhishek Manu Singhvi criticised the government on Wednesday over the Gopal Subramanium controversy, saying that there is now a serious assault on the independence of judiciary; and warned that this could have extremely serious ramifications. “The mess created by the government on the issue of the judicial appointment has extremely serious ramifications. It sits at the intersection of sacred principals of judicial independence, of politics, of intolerance of opposing viewpoints and breech of constitutional norms,” he added.