700 Billion Yen Lost in a Rough Market! Nikko AM Spring Competition Winners Announced!

TOKYO–(Business Wire)–
Nikko Asset Management Co., Ltd. (Nikko AM) has announced the winners of the
Spring Competition in Country Pick, Nikko AM’s online investment simulation
game. The Spring Competition, finishing in June, was the second three-month
competition held by Nikko AM. In contrast to the Winter Competition,
participants in the Spring Competition faced serious difficulties due to
turbulent stock markets worldwide.

Participants in Country Pick use a virtual investment fund to build a portfolio
by choosing from the equity markets of 31 countries and regions. They then
compete in terms of investment performance. A total of 5,470 participants from
Japan, China and the U.S. competed in the Spring Competition.

As the stock markets worldwide fell significantly during the competition due to,
among other things, financial problems in Europe, participants suffered large
negative returns. As the data on returns by country and region show , even Peru,
the best performer, only recorded a -0.2% return for the period, while Spain,
the worst performer, had a return of -26.2%.

The participant rankings also changed dramatically, as the top performers in the
Winter Competition were completely replaced by new faces during the spring . It
seems that many participants improved their ranking by incorporating into their
portfolios countries from South America and Asia, regions that were less
affected by the European financial problems. On the other hand, participants who
mainly incorporated eurozone stocks into their portfolios saw their rankings
fall significantly. While all of the top performers in the Winter Competition
were from Japan, participants from China ranked highly in the Spring
Competition, with a Chinese resident finishing in fourth place. We may yet see a
Chinese champion in the upcoming Summer competition!

None of the participants finished the Spring Competition with positive returns.
The average return was -13.0%, which demonstrates the difficult markets that
confronted participants. Participants cumulatively lost more than 700 billion
yen from their initial virtual funds, which totaled 5.6 trillion yen, within a
period of only three months.

The all-new Country Pick Student Competition, in which top performers may be
considered as candidates for a Nikko AM internship, started in July
simultaneously with the three-month Summer competition. And Country Pick will
continue even after these competitions finish. The registration deadline for the
Fall competition, which starts in October, and for the Student competition is
2:00 a.m., EDT, on Wednesday, September 29, 2010. In order to compete in either
of these competitions, you will need to register and construct your portfolio by
that time. With 31 countries and regions to choose from, there’s no limit to
what participants can do. Why not try out your ideas in Country Pick?

Country Pick website (Japanese version, U.S. version and Chinese version)

http://sekaino.toshinou.jp/

*The Japanese, U.S. and Chinese versions are, respectively, for those living in
Japan, those living in the United States and those living in Mainland China.
Participants in the U.S. version are requested to register for entry in English
and participants in the Chinese version in Chinese.

Nikko Asset Management Co., Ltd.
Naho Yohda/ Akiko Tsuboi / Shingo Murooka, +81-3-6447-6426
Corporate Communications Department
corpcom@nikkoam.com
FAX: +81-3-6447-6813

Copyright Business Wire 2010

U.S. needs creative touch to reach next level at World Cup

(Reuters) – The United States knocked on the door of soccer’s elite at this World Cup but a lack of top quality talent left them heading home after the second round and with a need to find some new faces for the next four year push.

Sports

Saturday’s 2-1 defeat to Ghana will have dampened some of the new found enthusiasm for the game in the United States but it was hardly a shock and it illustrated the limitations of coach Bob Bradley’s squad.

The U.S. showed, throughout the tournament, that they are a team full of heart and with a truly impressive determination.

But they also showed that they lack the key ingredients needed to be a genuine contender for a place in the last four — their work rate is not matched by creativity and their graft lacks the compliment of finesse.

It remains to be seen whether the U.S. Soccer Federation decides to stick with Bradley, who did an admirable job in extracting the maximum possible out of a squad of modest talents.

The only question mark over Bradley’s work with this team over the past four years is how he found it so impossible to get the defense to stop conceding damaging early goals.

Six out of 10 times in qualification, the U.S. went behind but still finished top in CONCACAF.

In South Africa they have conceded the two fastest goals in the tournament — against England and Ghana — and they trailed 2-0 to Slovenia.

Given the age of the U.S. defense it will be a very different back four at Brazil in 2014.

Whether it is Bradley or another coach who has the job of beginning the next four year cycle, there is clearly a need for some young talent to emerge in all positions and lift the team to the next level.

Some of that required quality is close at hand — midfielder Stuart Holden made just one fleeting substitute appearance in the tournament but his flair is exactly what is required.

Striker Charlie Davies, a real find during qualification, was sadly absent after suffering multiple injuries in a car crash in October and the U.S. missed his pace and eye for goal.

Davies and Holden are both 24 and so should be hitting their peak at the next World Cup in Brazil while the interesting midfielder Jose Torres, who had just 45 minutes of play here, is two years younger.

Landon Donovan will still only be 32 when the tournament in Brazil begins but by then the U.S. will have hoped to have found, from somewhere, another player or two like him — capable of scoring regularly at this level and providing the moments of unexpected ingenuity that make the difference.

To unearth that talent, clubs and scouts may well need to increasingly look outside of the traditional college sources and seek out players in the lower divisions and players from some of the soccer-mad ethnic communities.

Torres, a Texan-Mexican and Jozy Altidore, the son of Haitian immigrants, are perhaps clues to where the U.S. might start to find players with greater natural flair.

There are of course, young players already in Major League Soccer who could emerge at club level and the growing stature of that competition can only help the national team find solutions.

It is hard to imagine the United States’s gradual rise up the global rankings hitting reverse, but to make the next step up, they need to add speed, technique and flair to the solidity they showed in this tournament.

(Editing by Michael Holden)

Pak team management mulling inclusion of fresh faces for Asia Cup

Karachi, May 20 (ANI): Following T20 skipper Shahid Afridi’s call for injecting young blood in the team, the Pakistan selectors are planning to include at least two to three new faces in the 15-man squad for the forthcoming Asia Cup, to be held in Sri Lanka from June 15-25.

According to sources, the team management and selectors are mulling including some young players in the team and axe some of the non-performing veterans, particularly middle order batsman Misbah-ul-Haq, who had a disappointing outing during the recently concluded ICC World T20 Championship.

Chief selector Mohsin Khan is likely to meet Pakistan Cricket Board (PCB) chairman Ijaz Butt on May 25 to discuss the team combination for the four-nation tournament.

Mohsin is also likely to meet coach Waqar Younis and captain Shahid Afridi before announcing the final contingent for the Asia Cup, The News reports.

Following its good show in the World T20 Championship in the West Indies, Pakistan would be eyeing lifting the Asia Cup and take home the 200,000-dollar prize money.

Asia Cup schedule: June 15: Sri Lanka vs Pakistan. 16: India vs Bangladesh. 17: Reserve day. 18: Sri Lanka vs Bangladesh. 19: Pakistan vs India. 20: Reserve day. 21: Pakistan vs Bangladesh. 22: India vs Sri Lanka. 23: Reserve day. 24: Final. (ANI)

McLaren’s career best spell helps South Africa overcome West Indies

Melbourne, May 20 (ANI): South African bowler Ryan McLaren, who bowled a career best spell and became the fourth bowler to take five wickets in a T20 match, helped his team register a 13-run victory in the first of the two Twenty20 Internationals against the West Indies.

McLaren took 5-19 from 3.5 overs to get the man-of-the-match award, as West Indies chasing 137 for victory from their 20 overs were dismissed for 123 with one ball to spare.

He finished with the second-best figures in Twenty20 internationals behind Pakistan’s Umar Gul, who took 5-6 from three overs against New Zealand, FOX Sports reports.

“It’s a good way to start off the tour having practised indoors and not outdoors for the last few weeks. But it’s only the first day, and there’s plenty more cricket to come, so hopefully, I can better this performance,” said McLaren.

“We all know the nature of T20 cricket – the bowler is always up against it. You can take five wickets one day, and the next day, take a thumping, but I enjoyed it. It was not an easy day for the batters, and you had to graft pretty hard.

“Playing shots was not easy, and there was a strong wind, so there were a lot of things you had to take into consideration,” the paper quoted him, as saying.

“It was obviously nice to start with a win. This was the most important thing for us. We have worked really hard over the last few days here in Antigua, had a few discussions, the energy has been good around the team, and a lot of new faces have come in,” McLaren added.

Earlier, Jacques Kallis struck one four and three sixes in 53 from 45 balls, as South Africa reached 7-136 from their 20 overs, after deciding to bat on an uneven pitch. (ANI)

Men busted in Dubai may be new faces of terror: Experts

New York, May 3 (ANI): In the 1998 Baruch College yearbook, Wesam (Khaled) El-Hanafi was a young man on his way to the top, but 12 years later, he is an Al Qaeda suspect along with his friend Sabirhan (Tareq) Hasanoff.

Both aged 33 and 34 respectively, are accused of pledging allegiance and technical help to terrorists in Yemen, the New York Daily News reports.

The pair was busted in Dubai and hauled to Virginia for arraignment. They are accused of trying to modernize an Al Qaeda cell in Yemen, giving 50,000 dollars to the group and supplying them with modern equipment.

According to experts, the emergence of educated and well-paid professionals allegedly turning to homegrown terrorism may mark a shift from disenfranchised, low-income radicals to a new class of criminal.

“Other countries have seen a similar pattern. First the fringe joins. When it gets dicier is when college-educated, ordinary, white-collar people start taking up the cause,” a law enforcement source told the paper.

“They are attractive recruits because they are harder to spot, and move about more easily,” he added.

FBI spokesman Richard Kolko said: “Profiling doesn”t work. There is no stereotype for who crosses that line or not. What works is investigating the criminal activities and following it back to those involved.”

El-Hanafi and Hasanoff will arrive in New York this week. (ANI)

Brownian motion in UK polls

London, April 24 — Whether or not Gordon Brown manages to hang on as prime minister, the new British parliament that is to be inaugurated next month will look more brown than ever before. An analysis of the Black and Asian candidates’ list of the three main political parties – made available to the Hindustan Times – shows that the House of Commons could welcome at least 11 South Asian MPs, including at least six of Indian origin after May 6. The final figure is likely to be higher. Some of them will be sitting MPs defending safe seats – such as Britain’s senior Indian-origin MP Keith Vaz of the ruling Labour party and his Conservative counterpart Shailesh Vara – but there will also be a smattering of new faces. Together Labour, Conservatives and Liberal Democrats have put up 131 Black and Asian candidates. In an election that may well lead to Britain’s first hung parliament since 1974, every ethnic minority vote is being wooed – it could mean the difference between forming that government and staying out. Some estimates say there are up to 113 ‘marginal seats’ where the population of Black and Asian voters is larger than candidates’ winning majorities in the last 2005 election. At least 50 of these seats are thought to be ‘very marginal’ – key battlegrounds amid nervous predictions of a slender majority for the largest party in the new parliament. Of the 131 candidates, 86 are ethnic South Asians and of them, 34 are of Indian origin. However, many have been selected – by all three parties – for constituencies where their chances of winning are remote. Among Indian-origin candidates who are likely to make it to parliament are Vaz, his sister Valerie Vaz (they will be the first Asian brother and sister lawmakers) and Virendra Sharma from Labour; Shailesh Vara and Priti Patel from the Conservative party; and Parmjit Gill of the Liberal Democrats. Two more Indian-origin Conservative candidates – Alok Sharma and Paul Uppal – are said to be in with a chance. In the wider South Asian context, Labour is likely to have more MPs of Pakistani origin than the Conservatives, who have selected a larger number of Indian-origin candidates in relatively safe seats. Britain currently has nine South Asians, including five who are of Indian origin, among a total of 15 Black and Asian MPs. However, both Labour and Conservatives have stoutly resisted a proposal for all-ethnic shortlists in selected urban seats – along the lines of informal all-women shortlists introduced by Tony Blair after he became prime minister in 1997. Of the three main political parties, Nick Clegg of the Liberal Democrats was the only leader who supported the proposal when it was tabled in parliament last year. Ironically, with the ratings heaving seismically toward the Liberal Democrats after Clegg won the first two of three televised election debates, this all-important party is likely to turn up in parliament with just one Asian MP – Parmjit Singh Gill. He is undaunted: “As a Liberal I follow in the footsteps of Dadabhai Naoroji,” said Gill, referring to the Indian National Congress founder who became the first British Asian MP in 1892. The lopsided composition of the House of Commons can sometimes find a reflection in debates about immigration that are guided by perception rather than hard data. Last week, in the middle of a poll campaign that has been largely free of race and migration rhetoric from the mainstream parties, the mayor of a town in southwest England posted a joke on Facebook: “Illegal immigrants are like sperm – millions of them come in but only one works.”

“Party leaders are useless at this,” admitted one well-regarded candidate, fighting in a constituency with a large Asian population. “It’s only the voters that can make the difference. At the end of the day, if our people don’t vote for us, then we are not going to make it.”

‘Long and complex’ Labor caucus meeting underway

The Tasmanian Labor Party’s new caucus is discussing whether to include Greens members in its new Cabinet.

The Government has 10 members in the House of Assembly, including four new faces, as well as three members in the Upper House.

They have been meeting since 11am (AEST) to consider new portfolios and whether to include Greens members as Ministers in the new hung Parliament.

There is speculation the Greens could get up to two ministries, including the Premier’s Education portfolio.

On his way into the meeting, Labor backbencher Brenton Best was cautious about whether minority government can work.

“It’s an interesting proposition,” he said.

“(It) hasn’t done in the past, but maybe it’ll happen this time.”

On the way in the Housing Minister, Lyn Thorpe, said it would a long and complex meeting.

The Greens were meeting at New Norfolk earlier today but leader Nick McKim was giving little away.

“Obviously Labor are having a party-room meeting also, today,” he said.

“I don’t know what the outcomes of that meeting will be.

“We’re concentrating on our meeting, it’s going very well and we’re treating the current situation very seriously.”

Treasurer’s commitment

The Liberals are maintaining pressure on the Treasurer, Michael Aird, to remember his pledge not to work with Green MPs.

Mr Aird was unequivocal last August about the prospect of Green ministers in a Labor Government.

“I’m not going to be in a Government that has Nick McKim or Kim Booth or any Greens in it,” he said.

Yesterday Mr Aird released a one line statement saying that “I am not prepared to speculate on hypotheticals.”

Shadow Treasurer Peter Gutwein says if Greens are appointed as ministers then Mr Aird would have no option but to resign.

The Premier David Bartlett would not be drawn on the make up of the new parliament yesterday on Sky News, but he did promise to work co-operatively with the other parties.

“It is my duty, my responsibility, now to make it work on behalf of all Tasmanians and the only way we can do that, I believe, is to build trust, we must build trust in the Parliament, across the Parliamentary and political divides,” he said.

The new Cabinet will be sworn in by Wednesday.

Huxley set to return for Brumbies

Two years after a brain tumour threatened to end his rugby career Julian Huxley is set to make his return in the Brumbies Super 14 clash against the Chiefs in Canberra on Friday night.

The former Wallabies utility back has been named on the Brumbies bench for the match as one of three new faces in the squad.

Huxley’s career was put on hold in 2008 after routine scans following a head knock detected a brain tumour.

The 30-year-old received clearances to play three weeks ago and has put in two quality performances for the Brumbies reserves team.

The Brumbies’ starting line-up has seen several changes following a 39-34 loss to the Blues in Auckland last Friday.

Michael Hooper, 18, will make his Super 14 debut in the starting 15 at open side flanker.

The former Australia ‘A’ schoolboys back rower replaces George Smith who will miss the first match for the Brumbies since their Week 11 encounter against the Chiefs in 2005.

-AAP

New faces in Bass

There are some new faces in the north-east Tasmanian electorate of Bass but the distribution of seats looks likely to be unchanged.

So far two Labor members, two Liberal and one Green have been elected.

Former federal Liberal MP Michael Ferguson topped the polls in Bass with more than 14,000 votes.

“I’m reflecting what people have said to me are their priroties, plus I’m coming from a family background,” he said.

Sitting Liberal Member Peter Gutwein and the Parks and Tourism Minister Michelle O’Byrne will return to Parliament.

In 2006 the Greens’ member Kim Booth was elected on preferences.

This time he won a quota on his own, which he attributes to the escalation of the pulp mill debate.

“Bass has said no to Gunns pulp mill,” he said.

The fifth member for Bass looks likely to be Labor candidate and former school prinicpal Brian Wightman.

Gadkari to announce new BJP team of office-bearers

New Delhi, Mar 16 (ANI): Bharatiya Janata Party (BJP) President Nitin Gadkari is expected to announce the party”s new team of office bearers on Tuesday, thereby ending a three-month long suspense.

Gadkari soon after being elevated to the post of BJP President had said that he wanted to bring some changes in the saffron brigade eyeing upon infusing new spirit in the party.

It is expected that Gadkari”s new team will have a blend of youth and experience, but the biggest concern that crops up is that will those not in good books of former BJP President Rajnath Singh get an opportunity.

There is a buzz that despite stiff opposition, Gadkari may give the charge of party”s youth-wing to Varun Gandhi or appoint him the BJP head of Uttar Pradesh.

BJP founder Rashtriya Swayamsevak Sangh (RSS) is backing Varun Gandhi to be a counter to Congress General Secretary Rahul Gandhi.

A lot of changes are expected for post of BJP General Secretaries. Former Rajasthan Chief Minister Vasundhara Raje, who had openly rebelled against Rajnath Singh, is also expected to feature in Gadkari”s list.

Among others, former minister”s Shahnawaz Hussain and Ravishankar Prasad are also expected to feature in the BJP new brigade.

Reports said that around 30 percent posts would be given to new faces and in consultation with the RSS; leaders blamed for electoral failures may be left behind.

BJP spokesman Prakash Javadekar has said the new BJP brigade would be a blend of old and new and more of a balanced team. (ANI)

Miss Fresh Face of North East contest a major draw for youth

Guwahati, Sep.18 (ANI): With the growing number of fashion conscious youngsters present in the northeast region of the country, the fashion and beauty industry is gaining popularity here.

This was recently noticed when Miss Fresh Face of North East 2009 contest was held in Guwahati and it received an enthusiastic response from people of the region.

Dabur Gulabari organized the Miss Fresh Face of North East 2009 for which a model hunt was conducted across colleges and institutes in the region to discover fresh new faces from the northeast.

The organisers of the contest received an overwhelming response with over 700 entries of which 150 girls were short-listed for the auditions.

After extensive screening and audition, 18 participants were selected for the Grand Finale.

It was a unique way of spreading awareness among the beauty conscious women of the North East and provides them a platform to enter the world of mainstream modelling.

“Northeast is full of talent. We don’t get into big celebrities. We take fresh faces from the common public and make them a celebrity. We want to associate with fresh talents and bring them to the national platform so that they can grow,” said Dyas Anand, the organizer.

“It is gradually increasing and I believe that it will go on increasing and the reputation will also keep on going up as good upcoming models are also there. I feel it is very good,” said Bidisha Baruah, the winner.

Bidisha Baruah, a resident of Guwahati, was awarded one-year modelling contract with Dabur Gulabari and a cash prize of rupees 50,000.

The first and second runner-up, Wanda Mary of Shillong and Nabanita Sarma of Guwahati also received cash prize of rupees 30,000 and rupees 20,000 respectively. By Peter Alex Todd (ANI)

Karnataka Housing Minister resigns following defeat in by poll

Bangalore, Aug 31 (ANI): Karnataka Housing Minister V. Somanna resigned from the state cabinet on Monday following his defeat in the recent by polls to the state assembly.

Somanna handed over his resignation to the Chief Minister B. S. Yeddyurappa.

“I will take a decision on accepting his resignation after consulting the state Bharatiya Janata Party (BJP) chief D.V.Sadananda Gowda and national general secretary Ananth Kumar and the party high command,” Yeddyurappa told reporters after receiving the resignation letter.

Somanna, who was earlier, elected from the Govidrajnagar constituency in Bangalore resigned from his seat as well as from the Congress Party to join BJP in February.

Subsequently Somanna was rewarded with a cabinet birth in the Yeddyurappa Government.

Somanna who is known for his innovative election strategies, tasted maiden defeat in his political career against debutant Priyakrishna of Congress in the by polls on August 18.

The two-day southern region meeting of the Rashtriya Swayamsevak Sangh (RSS) held in Davangere in central Karnataka on Sunday asked Yeddyurappa to seek the resignation of Somanna.

The BJP is reward Somanna with another post as the elections to the Brihat Bangalore Municipal Corporation (BBMC) are on the cards. Somanna played a crucial role in party’s victory in all the three Lok Sabha seats in Bangalore in the 2009 general elections.

Somanna is the third minister to resign from the Yeddyurappa government during the last one-year. Earlier S.K. Bellubbi, and Krishnayya Setty resigned from cabinet to make way to accommodate new faces in the cabinet. (ANI)

Australians arrive in Edinburgh for ODI against Scotland

Edinburgh (Scotland), Aug 26 (ANI): Australia’s touring squad has arrived in Edinburgh for Friday’s one-day tour match against Scotland.

While the subdued mood of a team defeated hung in the air during the four-and-a-half-hour train journey north last night, coach Tim Nielsen believed the fresh blood in the squad would help switch the focus to the task ahead, rather than the past.

“The natural progression of the new faces and a different sort of game and probably getting out of London as well, where it all took place, is probably a good thing for us,” the Daily Telegraph quoted Nielsen, as saying.
The Australians had already flown Tasmania’s Tim Paine to England ahead of the Oval Test as cover for back-up keeper Graham Manou, who is not part of the one-day squad.
Australia play two Twenty20 matches against England in Manchester on August 30 and September 1 before the two countries meet in the first of seven one-day fixtures back at The Oval on September 4. (ANI)

Iran cabinet has 11 new members

Tehran (Iran), Aug.20 (ANI): Iranian President Mahmoud Ahmadinejad has announced a new cabinet that includes eleven new faces, including three women. None of the 11 new faces have had any ministerial experience.

The line-up was submitted to parliament late on Wednesday, two weeks after Ahmadinejad was sworn in on August 5, the ISNA news agency reported.

Lawmakers will begin examining the names from August 23 before holding a confidence vote on August 30.

Iranian media did not react with any enthusiasm to the news.

The nomination of three women in the 21-member government is a first in the 30-year history of the Islamic republic, although in 1997 then reformist president Mohammad Khatami appointed a woman to the post of vice president.

According to ISNA, Ahmadinejad named Sousan Keshavarz, Marzieh Vahid Dastjerdi and Fatemeh Ajorlou as his ministers respectively of education, health, and welfare and social security.

The ministers of foreign affairs, economy, industries, cooperatives and transport have all retained their portfolios.

Mostafa Mohammad Najjar meanwhile has been moved from defence to the interior, Masoud Mir Kazemi from commerce to oil, and Mohammad Aliabadi from vice president and the head of physical education organisation to the energy ministry. (ANI)

Sabita Reddy is Andhra’s first woman home minister

Hyderabad, May 26 (IANS) P. Sabita Indra Reddy was Tuesday chosen by Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy to be the first woman home minister of the state.

Sabita, 46, replaced K. Jana Reddy, who was among four senior ministers dropped by Rajasekhara Reddy while constituting the new cabinet for his second successive term as chief minister.

Sabita, who was elected from Maheswaram assembly constituency in Ranga Reddy district in last month’s election, was minister for mines and geology in the previous cabinet.

A third-time legislator, Sabita is the widow of P. Indra Reddy, who served as home minister in N.T. Rama Rao’s cabinet. Her appointment is significant since the chief minister looks on her as a younger sister.

YSR also launches all programmes, including election campaigns, from Chevella, the constituency earlier represented by Sabita. He considers the place lucky for him as it was a 1,500 km long ‘padyatra’ launched from here in 2003 that catapulted him to power the next year.

He chose to launch his campaign for 2009 polls from the same town and became the first Congress chief minister in three decades to retain power.

YSR made no major changes in the portfolios of his other senior cabinet colleagues. Senior Congress leader K. Rosaiah will continue to hold the finance portfolio.

Dharmana Prasad Rao and Ponnala Lakshmaiah will also continue as revenue and major irrigation ministers respectively.

Geeta Reddy, who was minister for major industries in the previous cabinet, has been entrusted with the portfolio of information and tourism.

K. Venkat Reddy, one of the 20 new faces in the cabinet, is the minister for information technology.

Mohammed Ahmedullah, the lone Muslim in the cabinet, will be the minister for minority welfare.

The chief minister has kept with himself the two key portfolios of energy and excise.

35-member cabinet takes oath in Andhra Pradesh

Hyderabad, May 25 (IANS) Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Monday constituted a 35-member cabinet, inducting 20 new faces and dropping four ministers who were part of his earlier ministry.

Governor N.D. Tiwari administered the oath to the ministers, including six women, at a ceremony held at Raj Bhavan, the official residence of the governor.

YSR, who took oath as the chief minister for the second consecutive term May 20 following the Congress party’s victory in last month’s elections, included 15 ministers who served in his previous ministry.

He dropped four ministers including senior leaders K. Jana Reddy and J.C. Diwakar Reddy who held the portfolios of home and panchayat raj.

Senior leader K. Rosaiah, who served as finance minister in the earlier cabinet, is the only one to be inducted from the legislative council. All others are members of the state assembly.

Mohammed Ahmedullah is the lone Muslim minister in the new cabinet.

The swearing-in ceremony was held after YSR returned from New Delhi after holding consultations with Congress president Sonia Gandhi and other party leaders.

Manmohan takes oath as PM, 19 ministers sworn in

New Delhi: Prime Minister Manmohan Singh Friday took oath along with 19 Cabinet colleagues to begin a second five-year term at the head of a multi-party government in which his Congress party is the overwhelmingly dominant partner after a sweeping win in General Elections.

He is only the second prime minister after Jawaharlal Nehru to have a second innings after a successful five-year term.

There were four new faces in the first edition of the Union Cabinet that is expected to be followed up by another expansion of the Council of Ministers in the next few days. All the others were in the outgoing Cabinet. All but two were from the Congress party.

Overseen by President Pratibha Patil, Manmohan Singh, 76, was the first to take oath at a 45-minute function at the ornate Ashoka Hall of Rashtrapati Bhavan. This is the first time she has administered the oath of office.

In the front rows of the ceremony was a sombre-looking LK Advani, who was the prime ministerial candidate of the Bharatiya Janata Party (BJP).

Navin Patnaik to be re-elected as Orissa CM on Tuesday

Bhubaneshwar, May 18 (ANI): Having registered a thumping victory in State and Lok Sabha elections, the Navin Patnaik-led Biju Janata Dal is all set to form the new Governemt in the Orissa on Tuesday.

Naveen Patnaik will head the State for the third time in a row as the Chief Minister. However, there are speculations about who will get which portfolio as the State minister in the new State Cabinet.

On Sunday, senior leader of BJD Pyari Mohan Mohapatra met Naveen Patnaik to prepare a blue print on the new cabinet.

According to Pyari Mohan Mohapatra, though new faces will be given prominence, the role of senior and experience members cannot be ignored.

The new Cabinet, thus, be expected to comprise the new and experienced members.

“No doubt the new cabinet will be balanced one and there will be both new and old faces,” Pyari Mohan Mohapatra said.

Meanwhile, all aspiring individuals have started lobbying hard to secure a place in the Cabinet of ministers.

However, about the role of BJD at the Centre, Mohapatra said that they (BJD) would play the role of a decisive opposition.

The decision seems to have been on the line of party’s stance of not supporting the Congress or BJP-led government at the Centre.

Mohapatra said since BJD had earlier declared that it would not support any Congress or NDA led government at the Centre, the party would play the role of an opposition and fight for the state’s cause. (ANI)

DMK announces poll line-up, fields Azhagiri from Madurai

Chennai, April 5 (IANS) The ruling DMK Sunday announced candidates for 21 Lok Sabha seats in Tamil Nadu. Chief Minister M. Karunanidhi’s elder son M.K. Azhagiri has been fielded from the Madurai seat.

The list also includes union ministers T.R. Balu, A. Raja and S.S. Palani Manickam from Sriperumbudur, Nilgiris and Thanjavur seats respectively, and former union minister Dayanidhi Maran from the Central Chennai seat. Dayanidhi Maran is Karunanidhi’s grand nephew.

State Minister for Local Administration and Karunanidhi’s younger son M.K. Stalin said that over half the candidates are new faces.

‘As promised by our leader Kalaignar (Karunanidhi), more than 50 percent of the candidates are new faces. Our campaign strategy and introduction of candidates will follow shortly,’ Stalin told reporters.

The list also names candidate for the Kanyakumari constituency indicating that demands from the Congress have been rejected by the DMK leadership.

The DMK is in an electoral alliance with the Congress and VCK. The party will field candidates on 21 of the state’ 39 seats.

Meanwhile, the main opposition AIADMK chief Jayalalitha met over 3,000 candidates in her party headquarters Saturday and conducted short interviews.

DMK chief Karunanidhi and other party leaders had met 540 prospective candidates for three days before announcing the list.

Puppetry show popular in Jaipur

Jaipur, Apr 1 (ANI): Hordes of people were enthralled by a unique puppetry show in Jaipur.

Many new faces of Indian puppets can be seen in this grand show named ‘Putal Yatra’.

Besides providing entertainment, the event aimed at sending the message about the need to deal with the problem of global warming.

Many young artists mesmerized the young and old alike with their innovative methods and techniques used in telling their interesting stories with endearing characters and colourful setting.

“It was a very exciting show because they are basically trying to display something about what changes have come across the globe, indirectly trying to tell about the global warming and environment. It was a great show,” said Archana, a spectator.

This first of its kind event is being jointly organized by the Jawahar Kala Kendra of Jaipur and the Sangeet Natak Academy.

Several professional puppeteers and new artistes participated in this event, displaying a large variety of puppets.

“In this ‘Putal Yatra’, puppets of different styles from across the country are being displayed. The new artistes are presenting these puppets in different ways using new stories and techniques. A combination of all these are involved in this event,” said Rajeev Acharya, program coordinator of the event.

Puppetry has been one of the most ancient forms of entertainment in India.

It has been an effective visual art to convey varied messages to the society.

Puppetry or ‘Kathputli’ as it is known in local jargon is an ancient traditional art form of India dating back to the times of Indus valley civilisation.

Normally in India, there are four types of puppetry art – Rajasthan is famous for its string puppets, Bengal and Assam for iron rods instead of strings and southern states for shadow puppets, which are made of leather.

The fourth category is human puppets known as contemporary art, which is the latest form of puppetry where technology plays an important role. By Lokendra Singh (ANI)