Over 60% cos listed on BSE see decline in share value

Over 60 per cent of companies listed on the Bombay Stock Exchange (^BSESN : 17021.85 +236.2) have seen their share value fall in the last two years, Parliament was informed.

“During the period November 9, 2007, to November 9, 2009, of the 3,405 scrips traded at the BSE, prices of 2,116 scrips (constituting 62.14 per cent of the total scrips) have fallen,” Minister of State for Finance Namo Narain Meena said in a written reply in Lok Sabha.

Replying to a question if the government has any record of how many companies have raised money from the share market illegally in the past two years, the minister said it does not have any such information.

However, Meena said a joint mechanism – Coordination and Monitoring Committee (CMC) — between the Corporate Affairs Ministry and market regulator SEBI has been adopted for identifying vanishing companies and settling policy issue regarding delinquent companies/promoters/directors and monitor progress of actions taken against companies.

“Out of those companies that brought out IPOs during 1992-2005, a total of 238 have been identified as vanishing companies, of which 117 have been tracked back as they have been regular in filing statutory returns etc…no company that had raised funds though public issue during the last two years has been identified as vanishing company,” he said.

Madhya Pradesh gets over hundred crore grant for tribal development

New Delhi, Sep 16 (ANI): The Union Tribal Affairs Ministry has sanctioned a grant in aid of Rs. 116.90,50,000/- for Madhya Pradesh as regular allocation to bring rapid development in tribal areas of the state.

The first instalment of grant-in-aid of Rs. 58,00,00,000/- has been released to the State Government towards Special Central Assistance to Tribal Sub Plan for the current fiscal.

Special Central Assistance to Tribal Sub Plan is provided by the Tribal Affairs Ministry to the States as an additive to the state plan to bring about a more rapid economic development of tribal in the States.

The tribal sub plan cover the employment-cum-income generation activities and the infrastructure incidental thereto not only family-based, but also run by the Self-Help Groups.

The fund release for Tribal Dub plan are based on the population and area of the scheduled Tribes (STs) in the States concerned.

From the last fiscal the projects and activities are being approved by the Tribal Affairs Ministry prior to release of funds. (ANI)

Pakistanis outraged over Minority Affairs Ministry’s failed promises

Karachi, Aug. 30 (ANI): Pakistan’s Minority Affairs ministry has left many people outraged after they found out that cheques distributed to them by the ministry were not worth 5,000 rupees as claimed, but just 1,000 rupees.

On Saturday, 200 people from different communities had gathered at Sindh Minister for Minority Affairs Dr Mohan Lal’s office to receive the cheques while chanting slogans in his favour, the Daily Times reports.

Addressing the distribution ceremony, Lal had said that his ministry is trying to help the religious minorities and these cheques were a part of the first phase of offering relief while similar projects are in the pipeline.owever, one such claimant Kaishi complained that she was told by the bank authorities that the cheque was not for 5,000-rupees.

“He (Lal) clearly told us that the cheques are worth Rs 5,000 each but we were actually given cheques worth Rs 1,000 only and those can also just be cashed at the bank in Hyderabad,” said Kaishi.

An outraged Kaisi soon found out that the ministry had fooled all the other cheque receivers as well, most of whom were widows.

“We need almost Rs 1,000 just to get to Hyderabad to cash the cheque besides we were told that these cheques were worth Rs 5,000,” said Gomi, another widow from Jogi Moar Colony.

These women had walked to the minister of minority affairs’ office almost every day for a year so that they may get some sort of financial assistance from the ministry and every time they were sent home empty handed with a lot of promises.

On being contacted, Lal’s casually said that these women would be compensated during the next phase.

“Actually we had already distributed a huge amount and there were not enough funds to issue cheques worth 5,000 rupees to these women,” he added. (ANI)

Plan outlay for Minority Affairs ministry increased by 74 per cent

New Delhi, July 6 (ANI): The Plan Outlay of the Ministry of Minority Affairs has been enhanced from Rs. 1,000 crore in BE 2008-09 to Rs.1,740 crore in 2009-10, registering an increase of 74 per cent.

Presenting the Union Budge in Parliament today, Finance Minister Pranab Mukheree said that this includes Rs.990 crore for Multi-Sectoral Development Programme for Minorities in selected minority concentration districts, grants-in-aid to Maulana Azad Education Foundation which is almost doubled, and provisions for the National Minorities Development and the Finance Corporation and Pre-Matric and Post-Matric Scholarships for Minorities.

“Allocations have also been made for the new schemes of national fellowship for students from the minority community and grants-in-aid to Central wakf council for computerization of records of State wakf boards,” he added

He announced that a sum of Rs 25 crore each has been allocated for the two campuses that the Aligarh Muslim University has decided to establish at Murshidabad in West Bengal and Malappuram in Kerala. (ANI)

Kashmiri engineer makes a chart to end confusion over Islamic calendar

Srinagar, Mar. 21 (ANI): A Jammu and Kashmir based engineer has come out with a 504-year cyclical chart so that countries celebrating Islamic holidays do not face confusion over Islamic calendar dates.

“I have revised a lunar calendar for 504-years. The work, the approach is totally unprecedented and in my assessment the whole thing will go a long way in preserving the chaotic conditions that we face time and again,” Bilal Ghulam Nabi Mir said.

Welcoming Mir’s invention, President of Jamiat-Ahle-Hadis has forwarded his project to the Religious Affairs Ministry of Saudi Arabia for further analysis.

“I have sent a copy (of Bilal Ghulam Nabi Mir’s research work) to the Religious Affairs Ministry of the Saudi Arabia Government, and appealed to them that a great scholar from our state has done such a great job and asked them if it could be taken further,” said Molvi Showkat Shah, President, Jamiat-Ahle-Hadis.

The Islamic calendar follows the phases of the moon, which plays an important part in change of the dates. (ANI)

President Patil says UPA govt acted on nearly all commitments made to people

New Delhi, Feb 12 (ANI): President Pratibha Patil today said that the UPA Government has kept all its promises spelt out in the National Common Minimum Programme (NCMP).

Lauding the National Rural Employment Guarantee Act (NREGA), the Bharat Nirman and the Debt waiver schemes, President said several other schemes for upliftment of minorities were also launched. This included new 15-point programme, creation of minority affairs ministry and scholarships for students of minority communities.

In her address to the joint sitting of Parliament, Patil said that the UPA government has “acted on nearly all the commitments made to the people”.

“The UPA government focused on enhancing the prosperity of the people through sharing of opportunity and echoed the sentiments of the first Prime Minister that the government must act to remove poverty, ignorance, disease and the inequality of opportunity,” she added.

Maintaining that people measure government not on the basis of what it says but on the basis of what it does, she said, “In a democracy, government is measured on a simple maxim- aam admi ko kya mila? (What the common man has got?)”

“When democratic, secular, progressive forces came together in this government it sought to make itself accountable to the people through a NCMP,” she said.

“Today, after close to five years in office, the government believes that it has acted on nearly all the commitments made to the people through NCMP”, she added.

Referring to the impact of global economic melt down, Patil said that a series of measures have been taken to stimulate the economy. They include increasing availability of liquidity and credit, reduction in taxes and duties, boost infrastructure and special support to the worse affected sectors like exports, micro, medium and small industries.

“Despite economic melt down, India is poised to register relatively high growth rate,” she said.

Listing the government achievements, Patil said, the right information had a positive impact in making government more accountable.

The President said the government has moved much closer to realise their agenda of inclusive society with equal opportunities for all citizens and expressed the hope that youth will make better use of the opportunities available globally.

Talking about the efforts made in the field of Science and Technology, Patil said the Indian scientists have demonstrated that they have the capacity to be the best in the world and the successful placing into the lunar orbit of the Chandrayan -I spacecraft is a tribute to this talented pool of scientists. (ANI)

Vice President to inaugurate National Youth Festival today

Amritsar, Jan 12 (ANI): Vice President Hamid Ansari will inaugurate the fourteenth National Youth Festival here today.

It is the first time that National Youth Festival would be held in Punjab till January 16.

Punjab Chief Minister Parkash Singh Badal will preside over the function. Dr. M.S. Gill, Union Minister of State for Youth Affairs and Sports and Gulzar Singh Ranike, Sports Minister, Punjab , will be the ‘Guests of Honour’ at the function.

About 4000 young persons from all States and UTs are expected to participate in the festival.

The festival is organised every year from January 12 to 16. January 12 being the birth anniversary of Swami Vivekananda is observed as National Youth Day.

On the occasion, the Vice President will give away National Youth Awards and Awards to the National Youth Outstanding Clubs.

Department of Youth Affairs, Ministry of Youth Affairs and Sports presents National Youth awards every year to motivate young persons to achieve excellence in the field of national service and to encourage them to develop a sense of responsibility to their community and to improve their own potential as good citizens and young leaders.

The Award consists of a silver medal, a certificate and a cash prize.

The Government has also doubled award money for individual awardees from Rs. 20,000 to Rs. 40,000 and for voluntary organizations from Rs. 1 lakh to Rs. 2 lakhs.

During the five-day festival, there will be competitive events in 16 individual items and two group items.

In addition to this a young Artists Camp, Yuva Kriti and an Adventure Festival will be organised by the Nehru Yuva Kendra Sangathan that functions under the aegis of the Department of Youth Affairs.

The National Service Scheme will also organise a National Youth Convention and a lecture series ‘Suvichar’.

In the year 1995, the First National Youth Festival was successfully held at Bhopal.

The venues where these festivals were subsequently successfully held are Kolkata (West Bengal) in 1996, Ahmedabad(Gujrat) in 1997 ,Chennai(Tamil Nadu) in 1998 ,Lucknow (Uttar Pradesh) in 1999, Gandhinagar (Gujarat) in 2000, Hissar (Haryana) in 2002 ,Thiruvananthapuram (Kerala) in 2003 ,Jamshedpur (Jharkhand) in 2004 ,Hyderabad (Andhra Pradesh) in 2005 ,Patna(Bihar) in 2006 , Pune (Maharashtra) in 2007 and Chennai (Tamil Nadu)in 2008. (ANI)

Vice President to inaugurate National Youth Festival tomorrow

New Delhi, Jan 11 (ANI): Vice President Hamid Ansari will inaugurate the fourteenth National Youth Festival at Amritisar tomorrow.

It is the first time that National Youth Festival would be held in Punjab till January 16.

Punjab Chief Minister Parkash Singh Badal will preside over the function. Dr. M.S. Gill, Union Minister of State for Youth Affairs and Sports and Gulzar Singh Ranike, Sports Minister, Punjab , will be the ‘Guests of Honour’ at the function.

About 4000 young persons from all States and UTs are expected to participate in the festival.

The festival is organised every year from January 12 to 16. January 12 being the birth anniversary of Swami Vivekananda is observed as National Youth Day.

On the occasion, the Vice President will give away National Youth Awards and Awards to the National Youth Outstanding Clubs.

Department of Youth Affairs, Ministry of Youth Affairs and Sports presents National Youth awards every year to motivate young persons to achieve excellence in the field of national service and to encourage them to develop a sense of responsibility to their community and to improve their own potential as good citizens and young leaders.

The Award consists of a silver medal, a certificate and a cash prize.

The Government has also doubled award money for individual awardees from Rs. 20,000 to Rs. 40,000 and for voluntary organizations from Rs. 1 lakh to Rs. 2 lakhs.

During the five-day festival, there will be competitive events in 16 individual items and two group items.

In addition to this a young Artists Camp, Yuva Kriti and an Adventure Festival will be organised by the Nehru Yuva Kendra Sangathan that functions under the aegis of the Department of Youth Affairs.

The National Service Scheme will also organise a National Youth Convention and a lecture series ‘Suvichar’.

In the year 1995, the First National Youth Festival was successfully held at Bhopal.

The venues where these festivals were subsequently successfully held are Kolkata (West Bengal) in 1996, Ahmedabad(Gujrat) in 1997 ,Chennai(Tamil Nadu) in 1998 ,Lucknow (Uttar Pradesh) in 1999, Gandhinagar (Gujarat) in 2000, Hissar (Haryana) in 2002 ,Thiruvananthapuram (Kerala) in 2003 ,Jamshedpur (Jharkhand) in 2004 ,Hyderabad (Andhra Pradesh) in 2005 ,Patna(Bihar) in 2006 , Pune (Maharashtra) in 2007 and Chennai (Tamil Nadu)in 2008. (ANI)