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Statue of Unity: A Towering Display of Nationalism


Ever since the Prime Minister Narendra Modi unveiled the Statue of Unity in Narmada district, Gujarat, the opponents and critics have been raising one question: 

What does strongman showmanship look like? 


To critics like Anjani Trivedi, a Bloomberg Opinion columnist, it’s 25,000 tons of steel, 3,550 tons of bronze and 210,000 cubic meters of cement and concrete — towering over the world at a cost of about $400 million in India. Such critics view strongman showmanship as the likeness of Sardar Vallabhbhai Patel, a leader of the independence movement known as the “Ironman of India,” who died in 1950.

 At 182 meters (597 feet), it’s the tallest such structure in the world — double the height of the Statue of Liberty and more than 40 per cent higher than China’s Spring Temple Buddha.

Naysayers. They regard this display of nationalism as ostentatious which comes at the expense of other priorities.  And they try to figure out all the things the statue didn't do. For them, it’s symbolic of the Modi government’s ability to push through spending on populist causes – even those that displace villages, sugarcane mills and farmers — while more urgent needs go unaddressed.

Critics' concerns. 


- The cost $400 million could have been spent elsewhere. This is:

= around 90% of the central government’s annual budget for the skill development and entrepreneurship ministry;
or
= around 90% of the development expenditure budget for roads and bridges
or
= the amount required to irrigate 40,000 hectares of land 
or
= the biotech department’s planned spending
or
= double that of the ministry of shipping

- All that cement and concrete could have been used to pave decrepit roads that cause thousands of deaths every year.

- The amount $400 million was mobilised through state-backed companies - gas giant GAIL India Ltd. and Oil India Ltd -  through their corporate social responsibility departments to support the project each putting in about $3.4 million.

- The efficiency of the government machinery stands in stark contrast to India’s modus operandi when it comes to infrastructure. Larsen & Toubro Ltd., India’s largest construction company, took less than three years to erect the statue. By comparison, China needed 11 years to construct its Buddha.

Facts of the matter.


Brand Value. In Business jargon, this is one factor which not only brings in the initial investment, but it also sustains working capital and above all credibility. The Statue of Unity symbolises just that. The region in particular and the whole Nation, in general, may now attract more investments and command more respect. The magnitude and scale can only be fathomed by the first day first show performance.

Critics sound like the proverbial story of sour grapes being retold. The opposition opposes only for the sake of opposing.  They will oppose anything being done by the ruling party, and try to find fault lines. That's why they are in the opposition. After all, there will always be naysayers who will say it should not have been done.

In the case of the Statue of Unity, it is not just the amount $400 million, 25,000 tons of steel, 3,550 tons of bronze and 210,000 cubic meters of cement and concrete that is visible in a strongman showmanship towering over rest of the world. It is much more than that. It also includes technical acumen, an artist's vision, and a powerful political will which together make the end result a priceless work of art and an engineering marvel.

If someone gives you $800 million, then can you create even 10% of this strongman showmanship?

Now comes the awesome part. Displace villages, sugarcane mills, skill development and farmers. 


The entire set of people working there today is from the region itself which were earlier very poor. People whose lands were acquired for the project have already been given alternative lands and pucca houses. The business at the complex is run by local residents and more attractions will be added as the complex will grow in stature. There are young boys and girls in grey uniforms and work as "guides". They are from the very poor, farmer and tribal families. A glimpse of it has been shown to the world on TV on the of the inauguration. 

For the entire project, training centres have been set up to skill these people according to their interest and ability. The guides get 25K if they can speak only Gujarati, 35K if they can speak Hindi and 45K if they can also speak English. This is a Central government run place so they get sarkari jobs. Officers are constantly on the move identifying and training these folks for the different kinds of jobs. They are extremely happy with this project as it has transformed their lives, love Modi and do not stop singing his praises.

"This monument will not just be a mute memorial like the rest, but a fully functional, purpose-serving tribute,’’ the Statue of Unity’s website says, promising it will spur all sorts of socioeconomic development. 

It's a big job accomplished. 


Its a huge achievement. Not only India’s infrastructure, but every sector of the economy, every office of the bureaucracy can draw inspiration from this ironclad resolve to attain any goal.

That is indeed optimistic. Even though the cost of an entrance ticket is as much as that of daily earning of an unskilled worker in Delhi, it symbolises a towering feeling of self-respect. That worker may not visit the place in his life time, but, who knows, a much bigger monument than this can be erected for him. In other words, in the next 70 years or so, one or more monuments like this will be made. Some other place, some other legend. That legend today could be the one of the thousands of those so-called unskilled workers sweating in the lanes and by-lanes of Delhi ! 

Solar energy is Easily The Cheapest Source of Energy

Solar energy is easily the cheapest source of energy in the world. However, you have to be able to tap into it and then convert it into more usable forms. That is what you need a solar panel for. If you still have many questions about it, consider reading on or finding some other website with a lot of information on the subject. 

If your solar panels are not very good, you could have spent all your time trying to use solar energy. Too much time and energy will be wasted in the process, and you only can have yourself to blame for it. After all, you are the one who made your choices, aren't you? You are the one who will have to live with the consequences of them then.

The United States has one impressive national grid for the transmission of power. The problem is that generating and transmitting power this way is a costly venture to keep up with. Solar panels are expensive to acquire the first time, but they cost next to nothing to maintain. As such, they are cheaper… and safer to have overall.

After extensive research on Solar Energy, you will find that you need solar panels; otherwise, you will waste most of the incoming energy without corresponding results. You just need to get the solar panels so that you can be part of those reaching into the limitless and inevitable future.

It does not matter where you are in the world – in the Caribbean or the UK – your solar energy output isn't worth much without solar panels. These are the components that tap into the energy of the sun and convert it into usable forms. You need the panels because there really isn't much you can achieve without them.

When you get tired of paying power bills, consider generating power alone. The way out is through the solar panel, which allows you to get your energy out of the sun and use it for power. You should ask around to learn about it, or you could just get a rep from the manufacturing firm to come over. If you can afford to purchase the panel, you can also get a professional to offer a helping hand.

If you don't know a thing about solar panels, don't try to install one alone. It should be simple enough, but you want to avoid damaging the thing trying to find that out. They are rather expensive to come about anyway. And since there are professionals out there whose services you can retain affordably, why not have one of them come in and help?|When you buy some solar panels, you might want to acquaint yourself with the manufacturer’s manual before you get to fiddling around with it. With what you spent getting them, you don't want to buy another too soon, do you? But that might be what happens if you go and damage it, you know.

Maintaining a solar panel is about the easiest thing in the world. Clean its surfaces once in a while and be done with it. They often only require a little work.

There are several solar panel firms in the United States today, but they all work almost the same principle. That principle is what you want to get a hang of before you buy your solar panel. It might be the only way you will ever enjoy owning the device.

If they don't provide the installation solutions for your solar panels, you can’t do anything with them. They are not challenging to install, but you don't want to make any mistakes. In such an instance, look around for a professional to help out. It’s not like they are too hard to find when you have the Yellow Pages and the Internet at your disposal.

Solar panels are popular enough for most people to know how they work. If you don't, you could go online and download the information. Whatever the case, you don't need to be the only person who knows nothing about them. Delete your ignorance with any information you can dig up anywhere you can lay your hands on it. You know it would be totally worth your while.

The world is going green. What about global warming and all that? Now, everyone needs to find a way to limit how much fallout they release into the environment, and you want to be included. What you need is to get you a couple of solar panels to help with the energy issues that are teeming all around you. You cannot say you haven't noticed.

Firecrackers Seized in Delhi's Sadar Bazar: Police

By: PTI Inputs

On November 3, while head constable Sandeep  Chawla was on patrolling duty, he received information about fire crackers/explosive items being stored at a shop opposite Qutub Road Parking, in Sadar Bazar, said Deputy Commissioner of Police (north) Nupur Prasad.Based on this information, a raid was conducted, she added.

During checking, the shop was found stocked with fire crackers/explosive items weighing 625 kilogram. 

The Supreme Court has already passed an order on sale of old firecrackers.

According to police, 625 kilogram of firecrackers were seized from Sadar Bazar, 11.1 kg firecrackers and 7.9 kg firecrackers were seized by teams from Subzi Mandi and Burari police stations. 

During checking, the shop was found stocked with fire crackers/explosive items weighing 625 kilogram. Ravinder (35), a resident of Laxmi Nagar, was found to be storing the firecrackers. A case has been registered and investigation is going on to trace the source of the recovered firecrackers/explosive items, the official added.

People still continue to enjoy Diwali with spectacular fireworks!!





“Favorite Budget Airline” Award Goes To Norwegian

Congratulations to Norwegian on its win in the 2018 The Trazees awards. 

Norwegian, the World’s Best Low-Cost Long-Haul Airline and Airline of the Year 2017, has won the “Favorite Budget Airline” award in the 2018 Trazees Awards survey by Global Travel magazine.

The winners were announced this past summer on trazeetravel.com on July 1 and in Global Traveler’s July issue. Global Traveler magazine is a sister publication to trazeetravel.com. 

The award itself was presented at the annual GBTA Party in San Diego on August 14.

Francis X. Gallagher, publisher and CEO, FXExpress Publications, Inc.  said, "Norwegian's impressive expansion while maintaining reasonable fares and a quality product is impressive, and it's clear our readers, the sought-after 18-35 demographic, are taking notice and will continue to do so." 

The Trazees awards ballot ran on the Trazee Travel website from December 2017 through February 2018.

“We are extremely proud to be voted ‘Favorite Budget Airline’ by our American travelers, and we thank both the readers and voters of Trazee Travel for this award, as well as Global Travel Magazine. At Norwegian, we try to make it easy for everyone to find the lowest available fare with our popular Low Fare Calendar as we know our customers want an affordable, yet comfortable and safe experience to their destination. Due to our low fares, younger travelers can afford to fly long-haul more often and instead spend their money on experiences,” said Bjørn Kjos.

India Mobile Congress: Mittal and Ambani Differ in Visions

India Mobile Congress, IMC, 2018

The inaugural session of the second edition of IMC was attended by major industry players:

- Jio's Mukesh Ambani, the chairman and managing director of Reliance Industries
- Vodafone-Idea Chairman Kumar Mangalam Birla and Vivek Badrinath, 
- Regional CEO for Africa Middle East Asia Pacific, Vodafone Group.
- Bharti Airtel Chairman Sunil Bharti Mittal



The conference was earlier inaugurated by the Communications Minister Manoj Sinha. IT Minister Ravishankar Prasad, Urban Affairs Minister Hardeep Singh Puri and Commerce Minister Suresh Prabhu also were present on the occasion.

The structure of the telecom industry has changed ever since Reliance Jio entered the market in September 2016. The resulting radical change in the telecom industry over the past two years and its sentiment became visible at the second edition of the India Mobile Congress.

Vodafone-Idea Chairman Kumar Mangalam Birla said India was on the verge of becoming a digital economy and the company was committed to making ‘Digital India’ a reality.

Balesh Sharma, chief executive officer of newly created Vodafone-Idea Ltd, too complained about high taxes and low tariffs. He said the telecom industry was bleeding and, at some stage, this had to change. Asked about tariffs and if they were sustainable in launching services, he said the tariffs were not affordable and new services could not be launched. He, however, said the company would keep competing.

Bharti Airtel Chairman Sunil Bharti Mittal stated that : 

- The high rate of GST (18%), license fees and spectrum prices in the telecom sector contradict Prime Minister Narendra Modi’s vision of a digitally-empowered India,

- Telecom is among the most-taxed sectors globally,

- For mobile operators in India, out of every Rs. 100 earned, nearly Rs. 37 go towards one form of levy or the other.

Mittal, however, said that the recently released National Digital Communications Policy focuses on the concerns of the industry, which would help in rationalising the tax and other charges along with easing the merger process.

He said, “The world is moving towards two or three operators in every country and I am delighted that India now has come to a point where we have one state operator and three private mobile operators serving over 1.2 billion people.

It is widely acknowledged that Jio has revolutionised the mobile broadband sector. Many operators have been forced to shut shop or merge with other entities. Bharti Airtel has acquired Telenor and Tata Teleservices whereas Jio has taken the assets of Reliance Communications as the firm stopped offering wireless services. Another operator, Aircel, has gone for bankruptcy.

Jio's Mukesh Ambani views the situation differently. He is in contrast to that of Mittal. 

Ambani mentioned connecting everybody in the country at most affordable rates. He did not say anything on the taxation and levies. 

He stated that:

- India had moved from 155th rank in mobile broadband penetration to number one position in mobile data consumption in the world in less than two years,
- This is the fastest transition anywhere in the world from 2G/3G to 4G, 
- By 2020 we will be a fully-4G country and ready for 5G ahead of others,
- Jio is committed to connecting everyone and everything, everywhere, always with the highest quality and the most affordable price.

Ambani aims for India to rise from a lowly 135th rank to be among the top three nations in fixed broadband at a pace that will surprise the world. 

#MeToo Charge Against Rahul Johri Splits COA


The Supreme Court-appointed Committee of Administrators (CoA) yesterday formed a three-member panel to probe the allegation of sexual harassment against BCCI CEO Rahul Johri.

The panel comprises former Allahabad High Court judge Justice Rakesh Sharma, who has been named chairman, Delhi Commission for Women chairperson Barkha Singh and former CBI Director PC Sharma. 

It has been given 15 days to submit a report and will also examine "all allegations of sexual harassment against Johri while he was employed with the BCCI.

The Vinod Rai-led COA also has former India women's captain Diana Edulji.

In a press release, the COA has publicly admitted the divide within the CoA over the issue - an anonymous account of the alleged #MeToo Charge came up on social media. .

Diana Edulji and seven BCCI state units - Saurashtra, Tamil Nadu, Gujarat, Haryana, Karnataka, Madhya Pradesh, and Goa - have been demanding Johri's removal.

Chairman Vinod Rai has been resisting the sacking of BCCI CEO Rahul Johri. His views are:

- A probe is necessary before a call is taken on that, 

- Due process of law and principles of natural justice should be followed,

- Johri has submitted his response to the show-cause notice issued against him 

- The tweet was anonymous; the accuser, who is yet to reveal her identity, claims to be an ex-colleague of Johri during his stint with the Discovery channel.

- The post by the accuser, who claimed to be Johri's ex-colleague at a previous job, has been deleted by the twitter handle that originally shared it. 

Edulji has demanded Johri's removal. Her views are: 

- since the CEO has such grave sexual harassment allegations against him, it would not be in the interests of BCCI and Indian cricket that he represents BCCI.

- he should resign or his contract be terminated.

"Ms Edulji informed the Chairman she would approach Learned Amicus Curiae Shri Gopal Subramanium for further guidance if no action is taken and the CEO is allowed to continue," the COA statement added.

Johri will continue to remain on leave until the independent committee submits its report and a decision is taken on its findings. 

InterGlobe’s shares plunge more than 30% this year

Shares of InterGlobe Aviation Ltd, owner of India’s largest domestic carrier by market share - IndiGo, fell as much as 3.7 percent today, a day after the company posted its first-ever quarterly loss since its market debut in 2015. The stock is witnessing selling pressure now. More than 1.2 million InterGlobe shares traded hands, as of 10:07 IST, compared with their 30-day average of 1.6 million shares. 

InterGlobe’s shares have plunged more than  30 percent so far this year amid intense competition.

The Company's Chief Executive Officer Rahul Bhatia comes up with clarifications like "higher crude oil prices and a depreciating rupee have dented Indian airlines’ profit in the world’s fastest-growing aviation market."

InterGlobe has been able to sustain itself so far, but yesterday its employees were emailed to bear with the situation by none other than the CEO.

Rival airlines also took a hit on Thursday, with Jet Airways shares slipping up to 2.4 percent, while SpiceJet Ltd fell as much as 3.14 percent. 

Jet Airways Ltd is scrambling to keep itself afloat. More than 70 days ago, its Chairman has said that the Company has only 60 days of steam left.

State-owned Air India is surviving on government bailout. 

Uncertainty has led InterGlobe to hold its decision to own some Airbus A320neo aircraft. “At times when there is a little uncertainty we want to be prudent with cash,” its interim Chief Executive Officer Rahul Bhatia said on a post-earnings analyst call on Wednesday. The company will continue to lease them, he added. 

Dwayne Bravo to Retire from International Cricket.

October 25, 2018

Dwayne Bravo retires from all forms of international cricket. 

West Indies 35-year-old allrounder Dwayne Bravo today announced his retirement from all forms of international cricket. In a statement released to the media he said that he will always remember the moment when he received his maiden cap 14 years ago. 

Bravo made his debut in 2004 against England and played 40 Tests, 164 ODIs and 66 T20Is for Windies. 

He last played an international match in a T20I against Pakistan in September 2016. 
He last played a Test match in 2010, against Sri Lanka. 
He last played an ODI against India in 2014.

In his career, he scored 3 Test hundreds and 2 ODI hundreds. The seamer also contributed to the international side with 86 Test wickets and 199 ODI wickets.


After his retirement, Bravo, who plays for Chennai Super Kings in Indian Premier League, will continue to play in T20 leagues across the world.

“Today I want to confirm to the cricket world that I have officially retired from international cricket in all formats of the game. After 14 years when I made my debut for the West Indies, I still remember that moment I received the maroon cap before walking onto the Lords Cricket Ground against England in July 2004,” he said.

The right-arm bowler added that he will continue to feel the same passion for the sport he felt throughout his career. “The enthusiasm and passion I felt then, I have kept with me throughout my career,” he said.

Bravo added that it is time for him to pass on the torch to next generation of players. “However, I must accept that for me to preserve my longevity as a professional cricketer, I must do as others before have done, leave the international arena for the next generation of players,” he said.

The right-hand batsman also expressed gratitude to his family and his fans for supporting him throughout his career. 

IndiGo CEO Urges Employees to help cut costs

In 2016, IndiGo’s President and whole-time Director Aditya Ghosh took home Rs 27 crore in salary, including Rs 20.9 crore in one-time incentive. 



IndiGo was also generous in rewarding its 12,000-plus employees with an average 42 per cent rise in remunerations in FY16.

In 2018, a time has come when IndiGo co-founder and interim CEO Rahul Bhatia has to urge its employees to help reduce costs further.

This situation is after the parent Inter Globe reported the first-ever quarterly loss at Rs 652.1 crore in September following its listing in November 2015.

Besides seasonal factors higher costs and intense competition took a toll. 

CEO Rahul Bhatia in an e-mail to the employees expressed "disappointment" at the financial performance, and mentioned that the Indian aviation industry is facing significant economic pressures from two elements which are beyond our control - fuel prices that have increased by more than 40 per cent year-on-year and depreciation of the rupee. He had to finally admit that this year has been unusually different.

Direct Flights Between India and Perth Likely

Flights to Perth.

Minister of State for Civil Aviation Jayant Sinha and Air India Chairman and Managing Director Pradeep Singh Kharola have recently held discussions with Western Australia Tourism Minister Paul Papalia on starting direct flights to Perth.

Papalia said the meeting was extremely productive and significantly progressed efforts towards establishing direct flights between India and Perth.



An official release said that:

  • India is already a fast growing market for Western Australia with the number of visitors increasing by 38 per cent from the year ending December 2015 to the same period in 2017,
  • Air India has agreed to explore the business case for the route.

Noting that India and Australia share strong trade, investment, sporting and education ties, Sinha said direct connectivity between the two countries has the potential to deepen these relationships.

"India has a very open air service agreement with Australia. It encourages both Indian and Australian airlines to consider making use of the liberal arrangements to mount more flights between the two countries," the minister said.

9.4 million Cathy Pacific Passengers Affected in Data Leak

Cathay Pacific Major Losses.


The Hong Kong flag carrier Cathay Pacific battles to check its major losses as it comes under intense business competition pressure from other Chinese LCCs and Middle East rivals.  

It booked its first back-to-back annual loss in its seven-decade history in March, and has previously offered to cut 600 staff including a quarter of its management as part of its cost cutting measures - termed as one the biggest in years.

Amid such efforts an ongoing IT operation revealed unauthorized access of systems containing the passenger data of nearly 9.4 million people.

Data Leak.

The troubled airline has disclosed that it had suffered a major data leak. 

Cathay Pacific Chief Executive Officer Rupert Hogg responded in a statement on the airline's website.

- Data including passport numbers, identity card numbers, email addresses and credit card details was accessed.

- We are in the process of contacting affected passengers, using multiple communications channels, and providing them with information on steps they can take to protect themselves.

- The following personal data was accessed: passenger name, nationality, date of birth, phone number, email, address, passport number, identity card number, frequent flyer programme membership number, customer service remarks, and historical travel information.

- The combination of data accessed varies for each affected passenger. 

- We have no evidence that any personal data has been misused.

The CEO also revealed that 403 expired credit card numbers and 27 credit card numbers with no CVV were accessed.

Cathay said it had launched an investigation and alerted the police.

Hogg did not mention anything about financial compensation for passengers affected by the data leak. 

When British Airways, the UK flag carrier, suffered a similar data hack last month it had  pledged to compensate its customers. 

Bahraich and Khalilabad to have New Rail Connection

New Rail Connection


October 24,2018

The Cabinet Committee on Economic Affairs (CCEA) today approved a new railway line between Bahraich and Khalilabad in Uttar Pradesh.

"The new line serves five districts of Uttar Pradesh including four aspirational districts -- Bahraich, Balrampur, Shravasti and Siddharth Nagar and Sant Kabirnagar," the ministry said in a statement.




The project will generate direct employment for about 57.67 lakh man-days. Estimated to cost Rs 4,939.78 crore, it will be completed by 2024-25, the statement said.




This line is significant for tourism as it passes through Shravasti district which is an important tourist place and is closely associated with the life of Gautam Buddha.




Shravasti is also an important tourist centre for Jains as the Sobhanath temple is believed to be the birthplace of the Tirthankara Sambhavanath.




The Devi Patan temple in Tulsipur, which is close to Balrampur town, is one of the famous 51 Shakti Peethas of Maa Durga.




Bahraich, Balrampur, Shravasti and Siddharth Nagar districts are among the 115 aspirational districts identified by NITI Aayog. Hence, this project is needed for better socio-economic development of the hinterland of this area with the help of rail network.

Indian carriers carried 11.5 million passengers in September 2018

Latest Flight Data.


Flight data released by the aviation regulator the Directorate General of Civil Aviation (DGCA) 

Domestic airlines registered about 18.95% growth in passengers flown during September compared to that a year ago. Indian carriers carried 11.5 million passengers during the month, up from 9.6 million in September 2017.



Load Factor

Gurgaon-based SpiceJet - 93.2%, (42 successive months of being in top position)
GoAir - 90.6%,
Vistara and Jet Airways - 84.9% seats full.



On Time Performance

GoAir topped the list by operating 90.4% of its flights on time 
SpiceJet operated 89.1% flights on time and 
IndiGo  operated 87.6% of its flight on time. 

The national carrier Air India has been the worst performer here. It operated the least number of flights (74.3%) on time during the month.



Market Share.

Leader of the pack - IndiGo 43.2%
Jet Airways - 15.8%
SpiceJet - 12% of the passengers flown during the month.



Rs 899 Air Fare Launched by IndiGo, Railways Lag Behind

William Boulter, Chief Commercial Officer, IndiGo happily today released a press statement: -

“We are delighted to announce this three day festive sale across our network between October 24 to October 26. Diwali is one of the most auspicious occasions to meet families and friends and through this festive sale we aspire to create more flexibility of choice for ours customers to fly at low fares. We are sure that customers will quickly grab the seats we have available, starting at fares as low as Rs 899.



In this way, IndiGo has launched a Diwali special sale across its network of 64 destinations - a move that would further impact the bottom line of already struggling  other airlines. 


That is - 
Sale period :  October 24, 2018 till October 26, 2018, and 
Travel period :   November 8, 2018 till April 15, 2019

1 million first-come-first served lucky passengers are to be benefited. 


A sale like this by market leader IndiGo -  that alone flies over 40% of air passengers in India - during a peak travel season of the year is bound to be matched by other carriers.


But due to rising cost of operations and declining yields, other airlines in India may not report healthy profitability numbers.


Other competing airlines -  that together fly the balance 60% of air passengers in India, however, complain that this is a clear cut sign of predatory behavior. All of them together protest and raise a question -

Will not a sale like this during the month of Diwali impact the bottom line of the industry?

Alok Verma Moves the Supreme Court Against a Govt Order that sent him on Leave

Alok Verma has moved the Supreme Court against a govt order that sent him on leave and relieved him of his duties as Director of CBI, according to media reports. The apex court admitted his plea and will hear the case on 26th October. Verma also challenged the decision to give interim charge of agency to Joint Director M Nageshwar Rao.

Amid infighting among the CBI top brass, Verma was taken off duty and replaced by Rao. His deputy, Special Director Rakesh Asthana, who is embroiled in bribery cases, has been sent on leave too, according to news agency PTI. A govt order surfaced on Wednesday morning stating the change was an interim measure.


According to PTI, CBI building has been sealed and neither staff nor outsiders are being allowed inside the premises. According to PTI, CBI building has been sealed and neither staff nor outsiders are being allowed inside the premises.

A team of Central Bureau of Investigation (CBI) sleuths on 21st October conducted a raid on the 10th floor of its own headquarters in New Delhi while the two warring top bosses were summoned by the Prime Minister’s Office (PMO). To add to the public slugfest already in play, ‘top secret’ letters by the bosses, making bribery allegations against each other, surfaced.





After the CBI filed an FIR against its Special Director Rakesh Asthana alleging that he took a bribe of Rs 30 million, the top investigating agency seems to be unravelling from the top. Several media reports have said that a letter written by Asthana to the Central Vigilance Commissioner (CVC) alleges that he is being framed by CBI chief Alok Verma. The Delhi High Court on Tuesday directed the CBI to maintain status quo on the criminal proceedings initiated against Asthana, who has challenged the FIR lodged against him on bribery allegations.


Rakesh Asthana has drawn up a laundry list of cases against Director Alok Verma and other top CBI officials according to Hindustan Times. He has apparently listed a dozen charges, double the number that the CBI has him docked for.

In a surprising and unprecedented move on October 15, the CBI has booked Special Director Rakesh Asthana and investigation officer of the case on the charges for receiving bribe from Sana through middlemen Manoj Prasad and Somesh Prasad.

The CBI has arrested Devender Kumar, the DySP and investigation officer, alleging that he had fabricated the statement of Sana purportedly claiming that a Rajya Sabha MP had met Verma on his pending case and assured him of relief and a clean chit.

ALSO READ: CBI vs CBI: Court orders status quo against Asthana; 7-day custody for DSP

Meanwhile, the entire CBI team that was investigating the case against Rakesh Asthana has been transferred with immediate effect, according to a CBI notice.
Deputy SP CBI AK Bassi, the investigating officer in the Rakesh Asthana case has been transferred to Andaman.
Similarly, all others on the team probing Rakesh Asthana namely, CBI DIG Manish Kumar Sinha, DIG Taurn Gauba, DIG Jasbir Singh, DIG Anish Prasad, DIG KR Chaurasia, HoB Ram Gopal, SP Satish Dagar, JD (P)Arun Kumar Sharma, A Sai Manohar, HoZ V Murugesan and DIG Amit Kumar have been transferred with immediate effect.

Aussies to Monitor Shadab Khan Keenly: Aaron Finch


Aaron Finch finds himself about to lead Australia's T20 side just four days after the conclusion of his own first Test series, where he performed creditably in the touring team's 1-0 defeat by Pakistan, who now seek to defend their No. 1 ranking in the 20-over format.

Finch has now been bolstered by plenty of talent from the Big Bash League, not least Chris Lynn, fit enough to be considered after missing the mid-year tour with his persistent shoulder problems. Pointing out that he was the lone survivor of the Test top six, Finch reckoned any "baggage" would be at a minimum."There's nine fresh guys that have come into our squad from the Test series, so there'll be no baggage from them whatsoever. I think I'm the only batsman out of the top handful that was here for the Test series," Finch said in Abu Dhabi. 

"We'rel be an exciting three games. Both sides are very attacking, particularly in the Powerplay, both sides have plenty of power, so it'll be a great series."

In the Pakistan side, Finch said the threat posed by the wrist spin of Shadab Khan, returned from injury, would be keenly monitored by the Australians on surfaces likely to provide some assistance for the slow bowling craft. "He's a world-class spinner Shadab, I thought we played him really well in Harare on a wicket that was spinning a little bit, especially towards the back end of that tri-series," he said."

Both sides are pretty familiar with each other coming off that tri-series in July and also a Test series.

Tatas Invest Rs 20 Billion More in Vistara

For a 20 Billion More.

Amid firming of its control in AirAsia India and M&A talks with Jet Airways, Tata Sons and Singapore Airlines have pumped Rs 20 billion into Vistara as the airline lays its expansion plans.

This is the biggest single dose of equity infusion into the joint venture (JV) since its inception in January 2015. It will help Vistara finance its $3.1 billion (around Rs 220 billion) aircraft order.

The airline’s board passed a resolution for issuing capital in August. Fresh shares were issued to the two promoters earlier this month. A filing dated 13 October with India's corporate affairs ministry shows that Tata made a Rs 10.2 billion contribution to the carrier through subscribing to a new share issue, while SIA providing the remaining Rs9.8 blllion

Tats Resolve.

The investment signals the Tata group's ambition to propel its aviation business forward more dynamically at a time when its nearest competing full service carrier - Jet Airways - is struggling to survive.



“Vistara will use these aircraft to make its domestic network denser and to support its international operations planned for later this year,” it had said in July.

After this equity injection, it is estimated that the two shareholders have now invested Rs 38 billion into the joint venture. The additional funds are expected to go towards the carrier's fleet expansion. It has earlier planned to lease 37 Airbus A320neo family aircraft that would be delivered between 2019 and 2020. In July it also signed letters of intent to order 13 A320neos and six Boeing 787-9s.

The capital boost, which was approved by the airline's board in September, maintains Tata's holding in Vistara at 51%, with SIA holding the balance.

Corruption in Sri Lankan Cricket Raises its Ugly Head; SLC Official Arrested

Sri Lankan Cricket Official Arrested

Police arrested the chief financial officer of Sri Lanka Cricket yesterday for suspected financial misappropriation linked with awarding telecast rights to Sony TV.


The SLC official, arrested on charges of financial fraud, is understood to be involved in relation to the missing portion of broadcasting fees due to the board from the home series against South Africa in July-August.

India's Help Sought.

Former Sri Lanka captain Arjuna Ranatunga wants Indian help to tackle corruption affecting Sri Lanka Cricket. He has publicly stated, "Cannot develop country’s sports with gamblers." 


Sometime in the year 2000, four years after winning the world cup,both the SL captain A Ranatunga and vice captain Aravinda de Silva were named by India's CBI in  match-fixing charges. However, later both of them were given clean chits after investigation. 

The 1996 World cup winning captain today has stated, "India's Central Bureau of Investigation (CBI) could provide technical expertise in probing widespread allegations of corruption in cricket."

Arjuna Ranatunga, Minister of Petroleum Resources Department Sri Lanka, said after returning from New Delhi, “I made the request, and Prime Minister Narendra Modi immediately put me in touch with the CBI. We don't have the expertise or the laws to deal with this problem in a proper manner. India promised to help us in drafting legislation too."