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SHILLONG: The water level in the scenic Umiam (Barapani) Lake, one of the major tourist spots in the state, has reached the danger mark because of incessant rain. On Tuesday, the authorities cautioned people against any activity on the banks of the Umiam.
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In case of heavy rainfall in the catchment areas of the Umiam dam, the reservoir may become full which will necessitate the opening of the gates of the dam to allow floodwaters to pass," a release issued by the Meghalaya Power Generation Corporation Limited ( MePGCL ) read. The chief engineer (maintenance and small hydro), MePGCL, has cautioned all persons residing or working in the downstream of the Umiam dam against engaging in any activity near the banks as the water level may suddenly rise due to the opening of dam gates. The MePGCL said efforts would be made to regulate the discharge of water through the gates.
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In keeping with the S&F style, the new tavern on Jackson St in Petone oozes period charm with lots of natural wood and warm lighting not to mention the full range of beers and ciders that just keep on winning medals at beer awards.
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Is It a Bird? Is It a Plane?
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CHICAGO — Chicago police have released the name of a suspect who died after a shootout that left three officers wounded.
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Police spokesman Anthony Guglielmi announced on Twitter on Tuesday that the dead suspect was 29-year-old Lamar Harris. Police say he was a known gang member and convicted felon with more than 40 arrests.
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Guglielmi says the shootout occurred Monday night after officers observed a man and a woman acting suspiciously and decided to investigate. The pair fled, the officers gave chase and the man opened fire, hitting three of them multiple times. One of the officers returned fire, fatally injuring the suspect.
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Other officers with first aid kits were able to apply preliminary care while they waited for Chicago Fire Department emergency crews.
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The Wild Feathers headline Kimbell Fest: Scotland, Sat.
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Scotland is not its own country yet, but this past spring’s failed independence vote seems only to have spurred on events so that now its eventual breakaway from the United Kingdom appears to be a foregone conclusion. This bit should make a savory backdrop for Kimbell Fest: Scotland. After a successful Japanese-themed festival in 2013, the museum is bringing the affair back to pair with its current exhibit from the National Galleries of Scotland.
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Kimbell Fest: Scotland runs 2-10pm at the Kimbell Art Museum, 3333 Camp Bowie Blvd, FW. Admission is free. Call 817-332-8451.
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Information is power and during these economic times information is also tantamount to survival. These economic times constitute more than a recession.
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Many Black consumers have told me that my weekly column in the New York Amsterdam News is the only reason that they would contribute, financially, to the nation's oldest, existing newspaper. After Wilbert "Bill" Tatum made his transition this week, Andrew Foxman of the Anti-Defamation League, in bad taste, described Tatum as "anti-Semitic."
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Nearly a decade ago, Bill Tatum invited me to write a weekly column in the New York Amsterdam News. Bill reasoned that my voice should be heard even though Bill and I were not philosophical partners. The writing of a weekly column is not an easy task. It is expensive. My income had ended in early 1990 and I was already carrying United African Movement on my back with no relief in sight.
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To write a weekly column, which is steeped in history, law, economics, politics and critical thinking, it requires a staff. I have been fortunate to have a volunteer staff of two persons who have tirelessly engaged in research, typing, proof-reading and editing. The same requirement exists at The New York Times except a columnist is paid a six-figure salary and he or she has access to a well-paid staff.
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The opinion page in the New York Times, The Washington Post or The Los Angeles Times carries greater weight than the news sections of those newspapers. Black people should have a Black view on issues that are discussed or not discussed in the white media. Unfortunately, many Backs have their views shaped by the white media.
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Neither Black newspapers nor Black-oriented media, with access to the public airwaves, will transmit my views. White advertisers have censored my views.
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Bill Tatum had been the exception. He stood up to them citing the First Amendment. Moreover, he has never sought to regulate or censor a single article that I have written for the New York Amsterdam News.
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The Black community needs a regular, weekly space in the New York Amsterdam News to express a militant, community view without fear or favor. It must be written by someone who is not willing to "run with the hares and hunt with the hounds." The column must be willing to take on political parties, religious institutions and unpopular issues. This is not a small favor.
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Bill promised that I had a lien on this column as long as he was alive. My fate is now up in the air. Moreover, I am unable to guarantee my own financial longevity. We have no UAM members who are credibly willing to guarantee the perpetuation of UAM, its weekly assemblies and Freedom Retreat for Boys and Girls. UAM's existence is on a short leash. My top priority is the children's, summer program.
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Information is power and during these economic times information is also tantamount to survival. These economic times constitute more than a recession. Blacks are in recess. Whites are simultaneously in a reorganizational mode. When recess is over, Blacks will find themselves in a game of musical chairs. The group, with no access to information, will be left standing and powerless.
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The UPA Government will unveil the first ever National Foreign Trade Policy that would contain measures to attract FDI in employment oriented export units to double country’s exports to $ 150 billion by 2010.
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Taking Uttar Pradesh from a power deficit to a power surplus state within four years is the top priority of his government, said Chief Minister Mulayam Singh Yadav on completing a year in office on Sunday.
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Giving relief to India’s stainless steel industry, the European Union has decided to discontinue anti-dumping duty and countervailing duty on stainless steel wire imports from New Delhi.
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Having established a leading position on a global scale in the optical storage media market, Moser Baer believes that the company’s next big push will come from DVD formats.
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After the IT boom in 1993, India today is on the threshold of a computer-generated animation boom. “And, if we want to encash this boom, we must concentrate on high quality and timely delivery of products demanded by the entertainment industry throughout the world,” says Mr Rajesh Turakhia, Chief Executive Officer of the Mumbai-based Maya Entertainment Ltd.
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The easing of global crude oil prices led to a gain of 1 per cent in the indices last week. While Sensex gained 52 points at 5117, Nifty gained 18 points at 1609.
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Q. My son teaches tuitions to students at home in batches. His gross total income is Rs 3 lakh approximately. He pays Rs 48,000 salary and Rs 36,000 as rent for rooms. Please clarify the income-tax payable.
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The policy to be unveiled by Commerce Minister Kamal Nath on August 31 will encompass Exim Policy as part of efforts to have a comprehensive strategy for both merchandise and services exports.
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Contrary to fears that the popular export incentive scheme - Duty Entitlement Passbook Scheme (DEPB) - would be wound up, it will be continued till April 1, 2005 as envisaged in the medium-term Exim Policy.
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“The scheme is likely to continue in the present form till the end of this fiscal,” official sources said adding that the government was working out a WTO compatible export incentive scheme to replace DEPB next year.
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Apart from measures, including fiscal to boost Special Economic Zones, the government would unleash measures to encourage agri-exports, including duty-free entitlement for import of machinery and other inputs for the sector.
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The policy would also contain measures to provide relief to exporters to compensate for the service tax on any of their inputs and 2 per cent education cess by way of duty drawback.
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Apart from simplification of procedures, the policy will contain measures for the textiles sector which prepares for the quotas-free regime from January 1, 2005.
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A special package is in the offing for the sector, including duty free inputs like embellishments, enhancement in limit of duty free samples apart from other employment generating sectors like agriculture, handicraft, handloom and leather.
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Addressing a press conference, he listed the achievements of his one-year-old government. He said chronic power shortage had been identified as the root cause of much of the state’s ills, including industrialisation being in reverse gear.
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The Uttar Pradesh Development Council Chairman, Mr Amar Singh, who was also present, said an energy policy had been chalked out and industrial giants roped to set up huge power plants in the state in record time. The Reliance Group is to set up a 3740-MW power plant, of which 1500 MW would be for UP. The first phase of this plant to be set up in Dadri, near Delhi, would be complete by 2007.
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Similarly, the Tatas have committed to set a power plant of 2000 MW. Kumarmanglam Birla has also pledged to set up a power plant in Uttar Pradesh.
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Among the other multinationals keen to come to Uttar Pradesh is GM Motors, claimed Mr Amar Singh.
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The European Union had imposed up to 55 per cent anti-dumping duty and 48.8 per cent countervailing duty on imports of stainless steel wires of more than 1 mm diameter from New Delhi in 1999.
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“The next big growth impetus will come from DVD formats, the demand for which is expected to grow from 680 million units in 2003 to over 7 billion units by 2006”, Managing Director of Moser Baer India Limited Deepak Puri said.
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The Indian market also offers a significant growth opportunity where the company has the “home field advantage”.
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“India has one of the largest music and video industries in the world, publishing thousands of titles each year. India is the second largest compact cassette (audio) market in the world. Hence, India is one of the fastest growing markets for optical media in the world. Moser Baer has a ‘home field advantage’ in this potential Rs 15 billion market,” he said.
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Moser Baer is perhaps one of the two Indian companies (the other being HCL) to have established a major space in the hardware arena – an area where India is considerably lagging behind as compared to world standards.
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Mr Puri believes that although some infrastructure bottlenecks exist for the growth of the computer hardware sector in the country, India also offers “significant advantages given its large pool of low cost intellectual capital and a fairly developed engineering and chemical industry base”.
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While most in Indian IT companies wilted in the meltdown about a couple of years back, Moser Baer cruised along-it doubled production capacity, pushed R&D focus, and notched up over 100 per cent growth in revenues. Mr Puri attributes this to several key factors.
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“The key factors of Moser Baer are efficient manufacturing, speed, R&D, quality and cost, supply chain logistics, customer focus, people skills and financial strategy”, he said.
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“By engineering and designing our own facilities along with our equipment vendors, we’ve maximized quality and reliability, while reducing our capital investment costs,” he said. Their objective is to be “first-to-market, which means we have got to respond to the twists and turns of the market with speed and agility,” he added.
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On the financial strategy, he said as the company operates in a high-growth and capital-intensive industry, efficiently financing the rapid growth is a critical factor driving competitive advantage.
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“Over the past five years, we have raised almost $ 350 million from international and domestic leaders and $ 229 million from capital markets,” Mr Puri said.
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Mr Puri is among the most successful first generation Indian entrepreneurs to have created a niche in the global arena and he attributes this to “extensive evaluation and leveraging of strengths”.
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“We were one of the early players to have recognised the potential in this exciting industry with the global change from analogue to digital,” he said.
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On the new geographies which the company was presently looking at, he said that Moser Baer is focusing on “increasing revenues from markets Latin America, West Asia and South Africa”, besides India.
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On the disparities between India and China in the hardware arena, the Moser Baer Managing Director said that India has focused on the services sector while China has invested into manufacturing.
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The presence of a very large captive market, higher PC penetration and large global scale technology manufacturing and assembly plants and the emergence of clusters have helped the growth of hardware manufacturing in China, he said.
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A character developed by Maya Entertainment Ltd for a foreign client.
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MEL was launched in 1996 by Ketan Mehta, the internationally acclaimed producer-director currently directing ‘The Rising’ and recipient of several national and international awards for his innovative and popular films like ‘Bhavani Bhavai’, ‘Holi’, ‘Mirch Masala’, ‘Maya Memsaab’, ‘Sardar’ etc. and Deepa Sahi, the much-admired film actress who has acted in artistic and popular films like ‘Tamas’, ‘Maya Memsaab’ and ‘Hum’.
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The easing of global crude oil prices led to a gain of 1 per cent in the indices last week. While Sensex gained 52 points at 5117, Nifty gained 18 points at 1609. The crude oil prices, which after nudging near the $50 per barrel mark last week, started to recede consistently and are now below $43 per barrel on the back of the resumption of supplies from Iraq. Value buying at lower levels and a smooth rollover of the derivatives positions also aided market momentum. The big event last week was the smooth passage of the finance Bill. The Finance Minister added two more concessions to his list, by deferring the tax on NRI and NRE deposits and raising the tax-free income limit from Rs 1 lakh to Rs 1.11 lakh.
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The near-term outlook remains clouded by concerns. Oil prices at $43 per barrel are still very high. Oil is a key input in a host of industries and the price has a direct bearing on the cost of production. Inflation (7.94 per cent), if not controlled, will put an upward pressure on interest rates, though the RBI has provided broad hints of the continuance of a softer interest rate regime in the near-term. Long-term investors should stay invested.
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Tata Consultancy Services (TCS), the largest software services exporter from Asia, and one of the most keenly awaited issues, got listed this week. The stock got listed at Rs 1050, a premium of 23 per cent to the IPO. After listing, the stock drifted lower on selling pressure and closed the week at Rs 962.5.
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At the closing price, TCS stock trades at 27 times last year’s earning. This is much lower than Infosys, which discounts its earning by 33 times. This may be due to lower profitability of TCS vis-a-vis Infosys. This gap, we believe, should get abridged in next six to nine months. This is due to the fact that TCS has witnessed a strong revenue growth in the past few years and investors expect this to continue, as the company grows much larger in size going forward. Another positive that could propel stock would be addition of the stock in key indices such as Sensex and Nifty. Investors with a two-year horizon can buy TCS at the current market price (Rs 962.50) for decent gains.
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ITC, the cigarette giant, has shown strong volume growth (11 per cent) in the first quarter, which is among the highest in the previous 10 quarters. Besides, it has made an entry into bakery and other fast moving consumer goods (FMCG) product lines (such as soaps and detergents), which will benefit from its strengths in distribution. Meanwhile, almost all of ITC’s earlier diversifications are paying off — the hotels, paper and the agri-product ventures.
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Q. I have sold units of US-64 for Rs 1 lakh. The cost of the units to me was Rs 1.5 lakh. Will I be entitled to adjust the loss against capital gain earned by me on sale of shares?
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A. As per the provisions of Section 10(33) of the Act, income arising from the transfer of units of Units Scheme, 1964 is exempt from tax. Accordingly, the loss on transfer of units of US-64 cannot be adjusted against the capital gain earned by you on sale of shares.
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Q. Deduction from income is allowed at Rs 40,000 under Section 80DDB and according to Rule 11-DDB, sub-clause (ii) to (vi) of IT Rules, certain diseases are specified for which the deduction is allowed. I would therefore, like to know as to whether HCV-RNA PCR i.e. hepatitis-C (Positive) is covered in these diseases or not. It is a serious liver disease and the treatment is highly expensive.
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Thus, Hepatitis-C (Positive) is not covered in the list of specified diseases.
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Football season is here and so is your deliciously spicy appetizer!
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1. In a large plastic storage bag, place the brisket, ¾ cup of Frank’s RedHot, olive oil, chili powder, cumin, oregano, and garlic.
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2. Seal bag and shake to completely cover the brisket in the sauce.
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3. Refrigerate and allow to marinate overnight.
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4. Place brisket and marinade in slow cooker and cook 6-8 hours on high or until meat is fork tender and falling apart.
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5. Let rest. Chop and set aside.
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6. Clean the slow cooker. Add Monterey Jack cheese, cheddar cheese, and cornstarch and mix well.
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7. Set slow cooker to high and allow cheese to melt (about 30 minutes), stirring occasionally.
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8. Add half and half in increments (about 1 cup at a time) and incorporate into cheese, allowing time to blend/heat.
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9. Continue until all half and half is blended, then add sour cream and stir until all is combined.
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10. Set slow cooker to low/warm and add remaining brisket and ½ cup Frank’s RedHot and incorporate.
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11. Garnish with red peppers, scallions, and a drizzle of Frank’s RedHot.
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12. Serve with tortillas and chips and enjoy!
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Hundreds of global business leaders are in South Korea for this week's Asia-Pacific Economic Cooperation forum, meeting to share ideas and push their free-trade agenda. In a keynote speech opening the CEO Summit at the APEC meetings, Chinese President Hu Jintao offered reassurance that his country's rapid economic growth will be a benefit, not a threat, to the world as a whole.
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Chinese President Hu Jintao told global business leaders Thursday there is nothing to fear about his country's emergence as an economic superpower.
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Mr. Hu spoke to the APEC Chief Executive Officers' Summit.
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"China's development will not stand in the way of anyone, nor will it pose any threat to anyone. Instead, it will only benefit peace, stability, and prosperity of the world," he said.
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The CEO Summit in Busan is a side event of the Asia-Pacific Economic Cooperation gathering. About 800 senior executives from APEC's 21 member economies are attending.
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Over the past quarter century since economic reforms were introduced in China, its economy has quadrupled, raising its gross domestic product to more than $7 trillion.
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China attracts tens of billions of dollars of foreign investment a year, and its massive demand for energy and raw materials have driven up world commodity prices. President Hu promised Thursday to cooperate with other nations to ensure global energy security.
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The executives at the summit are devoting considerable time to discussing how to push APEC's goal of further liberalizing trade, both in the Asia-Pacific region and worldwide. APEC government leaders are expected to issue a statement Saturday calling for new efforts to advance the World Trade Organization's effort to reduce tariffs and trade barriers.
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Executives at the summit say one of the trade issues is the need for China and other Asian countries to protect intellectual property rights. Media and software executives say they lose hundreds of millions of dollars a year due to sales of illegally copied products in Asia.
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Michael Ducker, a senior executive with FedEx, says intellectual property safeguards are not just about protecting Hollywood profits.
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"It not only has implication on international property rights, but in many of the developing economies, their intellectual property protection is very important to the development of their domestic economy," noted Mr. Ducker.
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The executives on Thursday also discussed the threat of a deadly global flu epidemic if avian flu changes to a form that can infect humans directly. They also are expected to look for ways to reduce the loss of life and economic damage from natural disasters. APEC members Indonesia, Thailand, Mexico and the United States all have suffered massive natural disasters this year and most of the delegates here represent regions vulnerable to tropical storms, earthquakes and tsunamis.
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The heads of government of the 21 APEC members begin their annual two-day summit Friday.
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Buschur also had a great day for the Lancers in both singles and doubles. Buschur held a dominating 6-0, 6-0 win over Althoff’s Sam Land and with doubles partner, Maddy Hamilton, pulled out another 6-0, 6-0 victory over Kylie Chitwood and Maddie Mena.
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Barton, a senior for the Eagles, scored two goals in Columbia’s 4-0 shutout on the road of Granite City. Barton now has 5 goals on the season.
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Hasse scored two goals to lead the Explorers to a 5-1 non-conference win over Belleville East. The senior for Alton-Marquette has scored four goals so this season.
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If there is anything the Green Bay Packers have taught us in the past several years, it is never doubt Aaron Rodgers. As the quarterback for the Packers, Rodgers has made improbable comebacks, won … [Read more...] about Can the Green Bay Packers get past the Los Angeles Rams?
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Is Monday night a must-win for the Green Bay Packers?
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Can a week six game be considered a must-win game? Sitting a 2-2-1, the answer might be yes for the Green Bay Packers. The Packers have looked rocky through the first five weeks of the season. Week … [Read more...] about Is Monday night a must-win for the Green Bay Packers?
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What’s wrong with the Green Bay Packers?
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With a 2-2-1 record this season, the Green Bay Packers have yet to show how great they can be, but they also haven’t hit rock bottom. They’ve had two humbling losses and two great wins, and to top off … [Read more...] about What’s wrong with the Green Bay Packers?
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