Archive | March, 2011

123Greetings.com Leads Traffic Growth in E-Greetings Category comScore Media Metrix Ranks Top 50 U.S. Websites for February Visitations Rise to 2.4 million; Traffic Jumps 29%

Posted on 31 March 2011 by admin Roha

Mumbai, March 31, 2011 (Ajay Rawal )  comScore Media Metrix, in its monthly analysis of U.S. websites, has rated www.123greetings.com as one of the top 5 gainers in the e-card category.

123Greetings.com witnessed a growth of 29 % with the total number of visitors rising to 2.4 million in February 2011. The category index, e-cards, also witnessed a growth of 10% making it the fourth top-gaining category. The total number of visits to e-card sites stood at 19.2 million.

“Love was in the air in February as Americans celebrated Valentine’s Day online, which generated a surge in activity to Flowers and E-card sites,” said Jeff Hackett, executive vice president of comScore Media Metrix in the press release issued by the company.

According to the data released by comScore, the category of Business/ Finance – Taxestopped the ‘Top 10 Gaining Category’ with a traffic growth of 24%, while Retail – Flowers/ Gifts/ Greeting Category came second with the visitations rising from 25.9 million unique visitors to 30.4 million.

“It is fulfilling to know that 123Greetings.com has been so highly recognized,” remarked Mr. Arvind Kajaria, Founder, 123Greetings.com. The website has been witnessing consistent growth since its launch in 1997. From 36,000 unique visitors in 1998, the visitor volume rose to two million in 2001, and thereafter soared to 91 million in 2009-10.

 

“With interactivity, vivid designs, almost life-like animations and innovative graphics, electronic greeting cards are fast emerging as the preferred choice of expression. The advantage of e-cards is that they are free, environment friendly, offer a wider variety and the communication is instantaneous,” says Mr. Kajaria.

 

The traffic growth to both the website as well as the e-cards category is reflected in the corporate numbers as well. The last quarter IntraSoft Technologies Ltd. posted an income growth of 47% year on year, up from Rs. 1032 lacs to Rs. 1515 lacs. The profit after tax also rose from Rs. 316 lacs to Rs. 384 lacs, posting a rise of 22%. The company has been posting vigorous sequential double-digit growth.

“We remain committed to providing free e-greeting cards that embed the latest animations and display the best creative instincts,” concludes Mr. Kajaria.

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Alphonso mango prices shoot up as most of the crop is destroyed by pests, cold weather

Posted on 31 March 2011 by admin Roha

Mumbai/Ratnagiri, March 31, 2011  ( GNS)

Exports of the king of fruits will be affected too; horticulturists blame low-quality pesticides for crop loss 

Alphonso, the king of fruits which grows mainly in Maharashtra’s Konkan region, will be costlier this season.

A whopping 80% of the crop in the region has been destroyed due to a prolonged winter and continuous pest attacks. According to horticulturists, despite agricultural advancement, pesticides available in the market are not up to the mark and farmers depending on these products have suffered heavy crop losses.
A horticulturist from the region told GNS Correspondent, “It’s not like, we don’t have any solution. There are a lot of pesticides available in the market. But when it comes to quality they all are low grade. There are many such low-quality pesticides available. Farmers use whatever is available in the market. There is a need for quality control, otherwise this will continue.”
The horticulturist who request anonymity, explained, “Farmers are willing to pay more for pesticides or anything that will take care of the crop, but ultimately they end up using these low-quality pesticides. This time these inefficient pesticides and unfavourable climate resulted in destruction of the Alphonso mangoes.”
According to Dr Bharat Salvi, horticulturist, Regional Fruit Research Station at Dr Balasaheb Sawant Agricultural University, “Around 80% of the mango production is destroyed due to the climatic condition. The crop was exposed to cold temperature for a long period of time. Apart from this, hopper and thrips attacks also contributed to destruction. Only 20% of the normal production will be available in the market.”
Understandably, dealers expect the prices of Alphonso mangoes to stay high this season due to the shortage. “The prices are really high this time because of the supply crunch and prices will remain high unless new produce arrives in the market. Again it won’t come down heavily,” explained a fruits dealer, Bhoble & Company, at the APMC market in Vashi. “All mangoes from the Konkan region, mainly Ratnagiri, Deogadh, Sindhudurg and Vijaydurg have been destroyed due to the erratic climatic conditions. At the retail market, the best quality mangoes are available at Rs1,400-Rs1,500 onwards.”
Another dealer said, “Last year the produce arrived in phases, in March, April and May. This time only 25% of the mangoes that are usually received in March have come in. Prices may see a very slight drop when the new stock arrives. This is expected by 15th April. In the retail market the prices of Alphonso is anywhere between Rs400 and Rs1,000 a dozen.”
Even mango exporters expect a more than 50% dip in business on account of the lower supply. The scarcity has already resulted in a price spike, but overseas consumers are not willing to pay more for the fruit.
Parag Gandhi, who exports mangoes to the US and the UK said, “Exports will be terribly affected. We expect up to 50% loss in business. Already there is a problem over infrastructure for export of mangoes to the US, which is a very competitive and qualitative market. Now there is also lower production. There is a huge gap between availability and applicability of effective agricultural methods. This should be addressed to avoid any production loss.”
Ekram Hussain, another exporter of mangoes to Bahrain and Singapore, said, “Overseas consumers are not ready to pay high prices. Prices are high due to unavailability of sufficient mangoes for export. We expect more than 50% dip in the export of Alphonso. Kesar, another mango variety that is exported, is yet to come to the market. Again, the prices will be high for them as well.”
With the steep rise in mango prices, it seems that the aam admi will not be able to relish the favourite aam this summer.

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Tata Photon Plus awarded as the ‘Product of the Year 2011’ under Wireless Mobile Broadband Category

Posted on 31 March 2011 by admin Roha

Mumbai, March 31st 2011:(Ajay Rawal)  Tata Teleservices Limited (TTL), India’s fastest-growing pan-India telecom service provider has added yet another feather to its cap as Tata Photon Plus, high speed mobile broadband services has been awarded the coveted ‘Product of the Year 2011’ award for the best innovation under Wireless Mobile Broadband Category, post a rigorous survey conducted by A C Neilsen, one of the leading market research agencies. This award is yet another acknowledgment to Tata Photon’s commitment of ushering in pioneering industry defining propositions for its target audience.Renowned Ad Guru Alyque Padamsee presented the prestigious award to Mr Shashank Pore, Head, Brand Communications & VAS, Tata Teleservices Limited at the award function held in Mumbai.

On receiving the award, Mr Shashank Pore, Head Marketing Communication & VAS, Tata Teleservices Limited said “It is indeed an honor to receive this award and be recognized as the best amongst our peers in the industry. This survey which was conducted across 30 cities and 30,000 target audience has further helped us in evaluating how successful we have been in consistently evolving the product parallel to the changing demands of the customers. This award reaffirms Tata Photon’s efforts to set industry benchmarks in innovation and service excellence. I am grateful to the honored consumers for acknowledging our efforts in this category and providing recognition to our spirit of leading innovation.”

Tata Photon Plus mobile broadband service allows customers to be connected—not only for mails, but also for downloads, large files uploads, photo sharing, etc. It also allows users to send and receive SMS and is compatible with both laptops and desktop PCs. With Tata Photon Plus, customers can avail the benefit of multiple services such as access to rich text and images, Web browsing, blogging, social networking and bookings for travel, e-commerce, jobs, entertainment and more. The ultimate USB Wireless Internet Device offers speed up to 3.1 Mbps anywhere, anytime on the go.

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1.6 Million New Jobs to be created in 2011

Posted on 31 March 2011 by admin Roha

Mumbai, 31 March 2011: (Ajay Rawal) The organized sector in India is set to create about 1.6 million new jobs in the year 2011,

reveals the latest results of Ma Foi Randstad Employment Trends Survey (MEtS), the largest study on the Indian employment trends

and opportunities.

According to MEtS, the survey of 650 companies across 13 industry sectors in eight major cities indicates that most employers are optimistic with their hiring plans for the current year.

In early 2010, MEtS predicted creation of 1 million jobs for the year. And 1,131,643 jobs were created during the year, with Healthcare (254,655), Hospitality (160,300) and Real Estate (129,312) sectors leading the pack.

The three metros – Mumbai, Delhi & NCR and Chennai took the top three places generating a total of 255,797 jobs.

In 2011, Healthcare sector will continue to top the table and is expected to generate 248,500 new Jobs. In addition to top performers like Hospitality (218,200), Real Estate (144,700) and Media & Entertainment (126,100), Manufacturing – Non-Machinery Products sector is expected to perform well, creating 223,400 new jobs.

Mumbai, Delhi NCR & Chennai will retain their top slots generating a total of 273,634 jobs among them.

Commenting on the results of the survey, Mr. E. Balaji, MD & CEO, Ma Foi Randstad said, “We are happy to see that 1million plus jobs will be created in the organised sector for the second consecutive year. The changing market scenario across the globe and the growing significance of emerging markets like India & China has led to many global corporates including these countries, in their growth and workforce strategies. This will have a positive impact and increase our growth momentum.

While there is positivity in the air, we as market leader also envisage an urgent demand to address, the biggest challenge of “Employability” that is threatening the growth. I do hope that steps will be taken in the right direction by both the government and the industry to address this issue quickly and effectively.”

Banking Financial Services & Insurance:

Total Employee Base: 907,960 New Jobs: 80,700

The stable and positive sentiments at the economic front and greater efforts towards financial inclusion have helped the BFSI sector to grow further in the last quarter of 2010. The growth of micro-finance industry, insurance sector and the increase in bank credit to commercial sector are some of the factors that are riding the growth of this industry. This year the sector is expected to add 80,700 jobs and grow at a rate of 8.9%.

Education, Training and Consultancy:

Total Employee Base: 9,794,000 New Jobs: 107,500

Education sector remained as one of the top job generators in 2010 and is expected to grow at similar rate during the first two quarters of 2011. The tendency of students to opt for job oriented education and the expansion by private players to Tier II & Tier III cities will create more number of jobs in this sector. This sector is expected to add 107,500 jobs and grow at a rate of 1.1%.

Energy:

Total Employee Base: 895,500 New Jobs: 24,900

Energy sector remained weak during the year 2010, though marginal improvement was noticed in the 4th quarter in terms of employment generation. The expectations, as reported by the companies for the next two quarters, as well as for the entire 2011, are not encouraging for new job generation. The positive measures announced by the government to boost the growth of renewable energy sector is expected to generate more number of jobs in the coming years. The sector is expected to grow at a rate of 2.8%, the lowest among all sectors & add 24,900 jobs during 2011.

Healthcare:
Total Employee Base: 3,377,652 New Jobs: 248,500

Healthcare sector remained a leading employment provider in the country, contributing to more than 16% of total estimated employment in 2010. The industry in India is anticipated to reach US$ 75 billion by 2012, growing significantly in 2011. Thus, continuing as the major employment generating sector in India. Penetration of Health Insurance, expansion to Tier II & Tier III Cities and increase in foreign investment are opening up new avenues for employment generation. The increasing popularity of medical tourism & alternative therapies are also creating new job opportunities. This sector is expected to grow at a rate of 7.4% and also lead the table by creating 248,500 jobs in 2011.

Hospitality:

Total Employee Base: 6,111,300 New Jobs: 218,200

One of the top performing sectors in 2010, this sector is expected to add two Lakh plus jobs this year. A large scale investment in hotel infrastructure in major cities as well as Tier II & Tier III cities has lead to the boom in the sector resulting in significant creation of jobs in all levels. This sector is expected to grow at a rate 3.6% and add 218,200 jobs.

Information Technology & Information Technology Enabled Services:

Total Employee Base: 1,918,865 New Jobs: 183,000

India’s one of the largest employment generators in the organized sector, the IT & ITES sectors have remained as one of the major job providers during the year 2010. The responses from the surveyed companies suggest that the sector will keep growing in 2011 as well. Companies in the sector are consciously moving up the value chain to stay competitive in the global arena. This, along with the increase in number of rural BPO’s has impacted the employment generation in the sector positively. The sector is expected to add a total of 183,000 jobs and will post a growth rate of 9.5%.

Manufacturing – Machinery and Equipment:

Total Employee Base: 1,134,800 New Jobs: 68,400

This sector experienced significant growth in terms of employment in the last Quarter of 2010 and is poised for further growth in 2011. The resurgence in sub-sectors has played a key role in uplifting the employment base in this sector and the same is expected to continue at a significant level this year. However, higher inflation remains a cause of concern for a sustained long term growth and success. This sector is expected to add 68,400 jobs and grow at a rate of 6%.

Manufacturing – Non-Machinery Products:

Total Employee Base: 4,508,000 New Jobs: 223,400

The increase in market’s domestic demand has pushed this sector to recover early in India, compared to other emerging and developed countries. Sound macro-economic fundamentals and stimulus have also played its role in shaping the industry’s quick recovery. The growth of consumer goods sector, food, textiles, leather & related products and the increase in domestic demand is expected to create significant number of new jobs in this sector. This sector is expected to add 223,400 jobs and grow at a rate of 5%.

Media and Entertainment:

Total Employee Base: 1,356,300 New Jobs: 126,100

The employment growth in this sector was higher in the 4th quarter of 2010 and is expected to continue in 2011. Factors such as foreign investment regulation, impetus from the optimistic economy, digital lifestyle of urban population along with higher disposable income are key factors, providing a big lift to the industry. Development of technology is paving way for new job generation in this sector. This sector is expected to add 126,100 jobs and grow at a rate of 9.3%.

Pharma:

Total Employee Base: 2, 84,351 New Jobs: 49400

Indian Pharma sector has grown significantly and is expected to show double digit growth in 2011. Contract manufacturing is estimated to grow US $ 30 Billion, whereas contract research is estimated to reach US $ 6-10 Billion and this is paving way for new job opportunities being created in the Indian Pharmaceutical market. This sector is expected to grow at a rate 17.2% in 2011 and add 49,400 jobs.

Real Estate & Construction:

Total Employee Base: 859,312 New Jobs: 144,700

The stable economic growth has put the Real Estate and Construction sector on the high growth path again. Although the sector had experienced higher growth in 2010, it was still below the expectation. Construction sector remained a big booster for the employment growth and the current infrastructure development drive, is expected to generate substantial number of jobs in the sector. Higher level of retail and hospitality related activities is also expected to contribute to employment generation in this sector. This sector is expected to add 144,700 jobs and grow at a rate of 16.8%.

Trade including Consumer, Retail and Services:

Total Employee Base: 652,800 New Jobs: 38,600

Growth in world economy, increase in India’s export, International trade and the immense growth of the retail sector will lead to significant number of jobs being generated in this sector. The total retail sale in India is expected to reach 674.37 Billion by 2014 with expanding upper class consumer base. With the spread of retail chains, there will be more jobs created in the Tier II & Tier III cities. This sector is expected to grow at a rate of 5.9% in 2011 adding 38,600 jobs.

Transport, Storage & Communication:

Total Employee Base: 2,682,600 New Jobs: 93,300

Led by communication, this sector has performed strongly during the year 2010. Government’s initiatives such as 3G introduction and number portability will lead to higher employment generation in the coming months. Port sector has not picked the growth momentum yet and the transportation sector has shown mixed pattern. Railway traffic, Road transport and Civil Aviation are expected to play a role in creating new jobs in 2011. Increased activity in logistics related industries is another big booster for employment growth in this sector. The sector is expected to add 93,300jobs and grow at a rate of 3.5%.

Employment trends city-wise:

  • The employment growth in Ahmedabad is expected to be stable during 2011 and the city is expected to generate 7,527 new jobs.
  • The expectation reported by companies in Bangalore suggests further growth during 2011 and the city is expected to generate 20,794 new jobs.
  • Positive momentum in job generation is expected in Chennai and the city is expected to generate 68,134 jobs in 2011 and be the third largest new job generator in the country.
  • New Delhi & NCR is expected to generate 102,616 new jobs in 2011 making it the second leading city in new Job generation in the country.
  • Many sectors have shown substantial growth in employment in Hyderabad and the city is expected to generate 13,489 new Jobs in 2011.
  • Hiring activities have remained stable in Kolkata during fourth quarter of 2010. Similar growth is expected during 2011 with the city expecting to generate 31,759 new Jobs.
  • Mumbai is expected to retain its number one position in 2011 too. The city is expected to create 102,884 new Jobs in 2011.
  • Pune is expected to generate 14,720 new Jobs in 2011.

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Sonia, Rahul mingle with spectators at Mohali

Posted on 30 March 2011 by admin Roha

 
    Mohali (Punjab), March 30, 2011 (GNS) While the prime ministers of India and Pakistan watched the India-Pakistan World Cup semifinal in the secure environs of the pavilion, Congress president Sonia Gandhi and her son Rahul Gandhi sat amid the mass of spectators at the cricket stadium here Wednesday.

 
         
   
   

  
 

   Dressed in a brown printed saree, Sonia Gandhi enjoyed the entire match with Congress general secretary Rahul Gandhi, in a white kurta-payjama, in the non-VIP stands of the stadium. The mother-son duo, who occupied two seats, were ringed by the Special Protection Group. They chatted away as the Indian cricket team, after first scoring 260 runs, inched towards victory.     Other spectators continued to sit around the VVIP guests. Many could be seen taking photos    of the Gandhis on their mobile phones.

 Towards the end of the match, as the Indian victory looked imminent, Sonia Gandhi and Rahul Gandhi moved to the ground level — clearly enjoying every moment. As soon as India claimed the last Pakistani wicket, Sonia Gandhi stood up and raised both her hands in the air in complete elation. Rahul Gandhi was all smiles as he clapped to the Indian victory.

 

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Cricket World Cup: India beat Pakistan to reach final

Cricket World Cup: India beat Pakistan to reach final

Posted on 30 March 2011 by admin Roha
 

Harbhajan Singh claims the key wicket of Umar Akmal

Harbhajan ended Psakistan hopes with two important late wickets

Mohali,Mar 30,2011 (GNS)

India booked a place agarinst Sri Lanka in Saturday’s World Cup final after beating Pakistan by 29 runs in Mohali.

Virender Sehwag (38) hit nine fours and Sachin Tendulkar, reprieved by referral and dropped four times, looked set for his 100th international century.

He was out for 85 from 115 balls as India compiled 260-9, left-arm seamer Wahab Riaz with a career-best 5-46.

Mohammad Hafeez struck 43 and Misbah-ul-Haq made a defiant 56 but Pakistan were all out for 231 in the final over.

With tickets reportedly exchanging hands for many thousands of rupees, an estimated 28,000 packed into the Punjab Cricket Association Stadium and every possible vantage point outside the ground taken, a match of such magnitude between the fierce rivals deserved to be a classic encounter.

Misbah had played a curiously subdued innings, with his first 27 taking 52 balls, and though he hit two fours and a six in six deliveries 30 were needed from the final over and India justified their decision to field three seamers by defending a relatively modest total.

The start of the India innings after they opted to bat on a pitch showing tinges of green saw Tendulkar overshadowed by the remarkable Sehwag.

With precise clips off his legs and sweetly-struck drives, Sehwag struck five fours in an over from the wayward Umar Gul and had amassed 38 by the end of the fifth over.

But he was lbw trying to turn one from Riaz to leg and as India reached 50, Tendulkar’s innings was still in its infancy with eight to his name from only 11 balls faced.

He soon demonstrated some exquisite timing as a defensive flick raced through mid-on for four, before he was given out lbw on 23 to the spin of Saeed Ajmal.

Umpire Ian Gould’s decision looked perfectly correct as Tendulkar was hit playing across the line but under review the ball tracking system indicated it was turning down the leg-side sufficiently to miss the stumps, and to the great delight of the vast majority of the crowd the decision was overturned.

Sachin Tendulkar

Tendulkar looked set to record his 100th international century

There was an appeal for a stumping next ball which was also rejected after a replay, while the first drop occurred with Tendulkar on 27 when Misbah-ul-Haq failed to cling on diving to his right at mid-wicket.

The India 100 came up in the 16th over but Pakistan began to slowly claw their way back, Gautam Gambhir deceived in flight by Mohammad Hafeez and stumped.

Inexplicably Younus Khan spilled a routine chance at extra-cover with Tendulkar on 45 and the opener duly completed his 95th one-day international half century by taking the aerial route safely over the cover fielders for his eighth four.

Left-armer Riaz soon brought Pakistan firmly back in the contest with wickets in successive balls to restrict India to 141-4, Virat Kohli mis-timing straight to point and Yuvraj Singh bowled first ball by a low, late-swinging full toss.

Tendulkar saw a thick edge brush the gloves of Kamran when on 70 to the exasperation of the ever demonstrative Afridi, who went wicketless for the first time in the tournament.

Then on 81 Umar Akmal spurned another opportunity, parrying the chance at mid-on in the style of a goalkeeper pushing the ball over the crossbar, with spinner Hafeez making a few choice observations on the error.

But 15 short of the landmark Tendulkar drove to extra-cover where Afridi made no mistake, and the run-rate soon dropped below five for the first time since the end of the second over.

Dhoni has now gone 13 innings without an ODI fifty and his sedentary 25 from 42 balls bore no resemblance to Sehwag’s innings apart from the manner of dismissal, an attempted turn to leg off left-armer Riaz.

BBC graphic

Gul’s erratic bowling

Three fours were taken in an over from Gul, whose eight overs cost 69, but Pakistan would surely have expected their required rate to be substantially more than 5.20.

Understandably their openers were not able to match Sehwag’s rate of scoring but they utilised the fast outfield and had three boundaries apiece after seven overs before Kamran cut to point.

The crowd had been subdued by Pakistan’s assured start but they were revived when Hafeez attempted a reckless ‘Dilscoop,’ trying to work to leg from well wide of off-stump and feathering a catch to wicketkeeper Dhoni.

Almost seven overs had elapsed without a boundary when Asad Shafiq, having calmly accumulated 30, lost his middle stump trying to cut Yuvraj slow left-armers and with the rate rising above six the match was in the melting pot.

Younus survived a missed stumping in Yuvraj’s next over but three balls later drove tamely to extra-cover.

Timing began to look difficult on the slow surface under the numerous low floodlights dotted around the ground but Umar hit a four over cover and a pull for six off Yuvraj, the first boundaries for 12 overs, to reduce the requirement to 131 from 20 overs.

A six over the sightscreen from Umar saw the crowd go quiet again but from the first ball after the drinks break Harbhajan Singh struck a key blow with a quicker ball from around the wicket that straightened and breached his defences.

Dangerman Abdul Razzaq was dismissed cheaply by a cutter from Munaf Patel and though Afridi made a quickfire 19 to leave 77 needed from 50, he sliced a Harbhajan full toss to cover.

Misbah’s brief late burst of hitting proved in vain and now attention turns to an enticing final in Mumbai, which will feature Tendulkar on his home ground seeking to record that 100th hundred against Sri Lanka’s own talisman, Muttiah Muralitharan.

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IndusInd Bank awarded the ‘Most Improved Bank Performance of the Year’

Posted on 29 March 2011 by admin Roha

Mumbai, March 29, 2011: ( Ajay Rawal)  IndusInd Bank was bestowed with the Most Improved Bank Performance of the Year award at the Bloomberg UTV, Financial Leadership Awards 2011 at the hands of Shri. Pranab Mukherjee, Honourable Finance Minister, Government of India who inaugurated and presided over the awards ceremony. The said ceremony was attended by the country’s leading policy makers, business leaders, economists and experts.
 
Bloomberg UTV Financial Leadership Awards was organized in partnership with MCX to acknowledge the extraordinary contribution of India’s financial leaders and visionaries. The awards were given under different categories namely Banks, Insurance, Mutual Funds and Broking Houses (Commodities, Equities, and Currency).
 
It was on the basis of a detailed methodology and nomination process that the jury members shortlisted the companies and names for this category. The jury panel was aided by the findings presented by the Knowledge Partner ICRA. The Jury panel included the stalwarts of the Indian financial sector like Jahangir Aziz, Chief Economist, JP Morgan; Abheek Barua, Chief Economist, HDFC Bank.
 
The Bank received a series of accolades commencing with IndusInd Bank receiving the prestigious ‘Best use of technology in training and e-Learning Initiatives-2010’ Winner award and the ‘Best Risk Management’ initiatives- Runners up award by IBA Banking Technology Award 2010, in the private bank category.  The Bank also received 2010 Global Awards for Excellence in Business Process Management and Workflow in Australia and Asia for Design Comprehensiveness, Implementation speed and Process coverage of the I-works platform. The Bank also ranked 2nd in the fastest growing Bank (mid-size) category – published in “India’s Best Banks” report by Business World and PWC. The State Forum of Bankers Clubs, Kerala bestowed on the Bank ‘Excellence Award’ as the 2nd  best New Generation Bank in Kerala for the second consecutive year.

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BANK OF MAHARASHTRA OPENS 33 NEW DELIVERY OUTLETS, INCLUDING THE 2ND FOR SELF HELP GROUPS

Posted on 29 March 2011 by admin Roha

Mumbai, March 29,2011 (Ajay Rawal) BANK OF MAHARASHTRA (BoM)  today  opened its  33 new delivery outlets,including the 2 nd for  SELF HELP GROUPS (SHG).   Bank of Maharashtra spreads its branch and ATM Network by opening 11 branches and 22 ATMs on March 29,2011. With today’s opening of 33 new Delivery Outlets, the Bank has 1536 Branches and 415 ATMs across the country to serve its more than 13 million customers.
    The new 11 branches opened (Gujarat 6, Maharashtra 4, and Chattisgarh 1) include ONE EXCLUSIVE BRANCH FOR SELF HELP GROUPS IN Mumbai.
To provide financial services to the economically active poor to enable them to lead a better life and for increasing the credit flow to Self Help Groups, the 2nd specialized SHG Branch is opened  at ‘Niharika’, Gen. Arun Kumar Vaidya Marg, Dindoshi, Goregaon (E), Mumbai. This Branch will be catering to the needs of the SHG members in Mumbai. 
   The 1st SHG branch was inaugurated at the hands of Dr. Subir Gokaran, Deputy Governor, Reserve Bank of India on 09th January, 2011 at Hadapsar, near Pune, Maharashtra.
   The SHG branches will also provide support services to SHGs, such as counseling and assisting in filling the loan application form, skill up-gradation and assistance for marketing their products.
     The SHG Branch premises is specially designed keeping in mind facilities for the comfort of the SHG women with a conference hall, library and a display counter for SHG products. The members of SHGs will be given privileged treatment and the branch will assist them in preparation of project reports, documentation and record keeping. 
    In the function held at Goregaon, Mumbai, Shri A S Bhattacharya, the Chairman & Managing Director announced the opening of branches and ATMs and informed that the Bank achieved the set target of increasing service delivery channels.
   Shri Bhattacharya also informed that with the adoption of state of the art technology, Bank is in the forefront of providing all types of IT enabled banking services to the public at large and to those who are in underbanked areas. Bank has brought the banking to the doorsteps of villages under its Financial Inclusion Plan.

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Akshar Trust appeals donors for Hearing Impaired Children to make own a new bldg near Sherki village in Guj

Posted on 28 March 2011 by admin Roha

   Vadodara, March 28 ,2011 (Ajay Rawal) To educate deaf children, Akshar

Trust started the Akshar Center for Hearing Impaired Children in 1988.

The Trust offers 2 mediums, Gujarati & English. It has the oldest Early

Intervention Programme in Gujarat. This is supported by the Rajiv Gandhi

Foundation. Under Integration 46 deaf students have been mainstreamed in

regular schools. n 34 students have completed Std. X & XII, Gujarat State

Board.

    5 deaf students are in M. S. University at the moment. The Teacher Training

Programme has trained 160 Special Educators under Rehabilitation Council of

India. Akshar Trust has 80G tax exemption for its activities.

     After all these years Akshar trust is now constructing a building near

Sherki village in Gujarat. The building will cost Rs. 150.00 Lacs. Only Rs. 31.00

Lacs has been collected to date.

   Akshar Trust has urged the donors to help fund and donors will get  35AC

100% tax exemption for this project.

      A ‘Musical-Night’ for fund raising was arranged on March 26, 2011  at

Gandhinagar Gruh, near Nyay Mandir,,in Vadodara.

  Dr. Kamlesh Avsatthi is a well-known for late Mukesh playback singer sang old

Hindi film songs to a very appreciative large audience.

 
 

 
   
 

 

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Libyan rebel spokesman says Gaddafi town seized

Libyan rebel spokesman says Gaddafi town seized

Posted on 27 March 2011 by admin Roha

 

Libyan rebel spokesman says Gaddafi town seized

BENGHAZI, Libya, Mar 28, 2011  (GNS)- A Libyan rebel spokesman said Muammar Gaddafi’s hometown of Sirte had been captured by the rebels on Monday, but no independent verification of the statement was immediately available.

“It’s confirmed Sirte has fallen into pro-democracy hands,” said the rebel spokesman, Shamsiddin Abdulmolah.

He said the rebels had not faced much resistance from pro-Gaddafi forces.

Celebratory gunfire erupted and car horns sounded in the eastern rebel stronghold of Benghazi as news of the rebel statement about Sirte spread.

The ramshackle rebel army has pushed west to retake a series of towns from pro-Gaddafi forces who are being pounded by Western air strikes.

Emboldened by the help of the air strikes, the rebels have rapidly reversed military losses in their five-week insurgency and regained control of all the main oil terminals in eastern Libya, as far as the town of Bin Jawad.

 Gaddafi’s hometown and an important military base about 150 km (90 miles) further along the coast, heard four blasts on Sunday night. It was unclear if they were in the town or its outskirts.

The reporter also saw a convoy of 20 military vehicles including truck-mounted anti-aircraft guns leaving Sirte and moving westwards towards Tripoli, along with dozens of civilian cars carrying families and stuffed with personal belongings.

The advance along Libya’s Mediterranean coast by a poorly armed and uncoordinated force of volunteer rebels suggested that Western strikes under a U.N. no-fly zone were shifting the battlefield dynamics dramatically, in the east at least.

The rebels are now back in control of the main oil terminals in the east — Es Sider, Ras Lanuf, Brega, Zueitina and Tobruk — while Gaddafi appears to be retrenching in the west.

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