Category Archives: New Delhi

Congress Plays Cheap Political Trick with 9 LPG Cylinders in Congress Ruled States

Facing the pressure from opposition and UPA allies over the increase in diesel price, and FDI, Congress has played another card by increasing the number of subsidized LPG cylinders in a year from 6 to 9 in congress ruled states.

The decision comes after most political parties announced that 6 LPG cylinders per year are too low as common household consumption is more. Congress has directed the states where it has ruling to offer 3 additional cylinders at subsidy to consumers.

Mamata Banerjee has decided to withdraw support from UPA and their ministers will offer resignation on Friday. The Congress party leaders held meeting in New Delhi to discuss next course of action. The decision of Mamata Banerjee to quit the UPA government comes as her demands for rollback were not heard by Congress leadership.

Congress wants to push ahead with the reforms but its allies are not allowing it to move forward. Congress is also portraying itself as a victim to win public support, but with rising expenses, common man can not support the decisions of the government. Congress should have thought of other reforms, which could have allowed the government to reduce deficit rather than increasing diesel prices by Rs 5, which will surely impact budget of most of the people in the country.

Air India Strike Continues; DGCA Plans Strict Action

Air India pilots on strike might be in for a negative surprise as DGCA is considering cancellation of licenses. Many pilots have been issued show cause notice.

After the tough message sent across by aviation minister Ajit Singh, there are expectations that Air India pilots can return to work. The minister did not meet the pilot representatives and asked them to join their duties before any further talk.

Indian Pilots’ Guild has been derecognised by the Indian government and DGCA is considering tough action against office bearers of IPG.

Air India has been suffering massive losses in the past few quarters. After the government offered funds to keep the day-to-day business running at the national carrier, there has been pressure on Air India to register positive growth.

The aviation sector in India has been under pressure due to higher fuel costs. Vijay Mallya owned Kingfisher is private carrier facing trouble due to massive losses.

Ericsson Join Hands with Airtel

It has been reported that the Swedish firm Ericsson has finalized a deal with Airtel in order to handle more than 70% of Airtel’s network in India, whereas Nokia Siemens Networks (NSN) will be handling the rest of the parts, though the authorities have not disclosed the amount as of now.

“This unique multi-technology managed services partnership with Ericsson will help us focus on creating a compelling service proposition for our customers, as we look to ramp up our market access”, said that Airtel’s Chief Executive Officer for India and South Asia, Sanjay Kapoor, while briefing the contract. Under the spell of the contract, Ericsson will be liable for surplus 15 service areas such as managing Airtel’s networks in regions of Delhi, Haryana, Punjab, Himachal Pradesh, UP, Rajasthan, Jammu and Kashmir, Assam, the North East, Karnataka, Andhra Pradesh, Tamil Nadu, Chennai and Kerala.

In a statement, the company said that Bharti Airtel is one out of the leading global telecommunication companies that successfully delivers its services in around 19 countries across Asia as well as Africa. The service provider has refined its managed services agreement with Ericsson, especially for Indian operations.

In addition, the company authorities have also notified that the five-year contract will support multi-vendor and multi-technology, where Ericsson will be liable for operating maintaining as well as providing its services across 70% of Bharti Airtel’s network across India. Simultaneously, Ericsson will be employed to manage Bharti Airtel’s prepaid customer base.

Sanjay Kapoor has claimed that India can be observed as the third largest internet market with a noteworthy increase in the data traffic, higher number of smartphones as well as wireless networks. Ericsson is believed to have a significant role to create Airtel’s 3G networks in Indian service circles.

2G Scam: Bharti, Vodafone May Come Out Clean, Says Expert

It seems like the long-running mystery over the 2G spectrum scan is not going to unfold anytime soon. In the latest progression in 2G probe, the Central Bureau of Investigation (CBI) rummaged around Vodafone’s Indian unit and Bharti Airtel’s office on Saturday.

As per reports, the search was focused on soliciting details related to spectrum allocation to operators by the Government during 2001-02.

While expressing his deep astonishment over FIR registered by CBI against Bharti and Vodafone, HP Ranina, the Corporate Tax lawyer said that as per his expectations, both Bharti and Vodafone will come out clean against all the allegations placed by the CBI.

On the other hand, Ranina does not really believe that a noteworthy impact will be enforced on Bharti following the recently filed FIR, though Bharti Airtel experienced a brief down trip during early morning trade, recording a fall of nearly 3%.

Earlier on Saturday, the federal police of India carried out searches at Indian unit of Vodafone along with offices of Bharti Airtel, with the intent of finding details related to the allocation of 2G spectrum.

While briefing the status of the case, Dharini Mishra, a spokesperson for the Central Bureau of Investigation (CBI), said: “All our documents are in complete compliance with the governing laws and regulations. Vodafone India is completely co-operating with the officials and will provide them all the required details as part of their checks”.

As per officials, the searches were realtion with potential irregularities during the allotment of spectrum by the earlier government, Bharatiya Janata Party (BJP), which is now in opposition.

In response to the raid conducted by CBI on Mumbai and New Delhi offices of Vodafone and Bharti Airtel’s office in Gurgaon, a Spokesperson for Bharti Airtel said: “We would like to categorically state that the entire spectrum allotted to us from time to time has been strictly as per the stated government policy”.

India Pakistan Trade Talks

It has been recently revealed that there is soon going to be a deal struck between India and Pakistan. This is going to be a huge trade deal that is going to open ways for better relations between the two nations. Pakistan has promised that they shall grant Most Favored Nation status to New Delhi.

There were talks held between commerce secretaries from both the nations and there were discussions done over a number of important issues regarding the new deal. Pakistan has also promised to give the full normalization of the bilateral trade relations with the neighboring country. This would also suffice the legal needs of the agreement.

According to a joint statement that was given out after the meeting, it was revealed that the negative list of items is going to be removed by Pakistan by February 2012.

It was further added by Zafar Mahmood, the Commerce Secretary of Pakistan that the negative list shall be discussed further and phased out by the end of 2012. There is also going to be the enhancement of Preferential Trading Agreements between the two countries as per the South Asian Free Trade Agreement Process.

More interaction is going to be done between the two countries so that bilateral trade is benefitted. There is need for both the nations to open up to each other further and become close and friendly with each other in order to trust each other for trade purposes. It sa matter of time to see what turn the events take and how well is it to bring back arch rivals under the same trading roof. It will either bring the two nations closer in terms of trade and personal relations, or might tend to strain them further.

Skoda Unveils Sedan Rapid

Are you fond of cars? If yes, then you have a new model in the Indian car market, from Czech carmaker Skoda, to freak on.

Skoda on Wednesday launched its new mid-sized Sedan Rapid in India. The newest car model has been priced averagely between Rs. 6.75 lakh and Rs. 9.19 lakh (ex-showroom Delhi).

Skoda Auto AS is the Czech unit of car maker Volkswagen AG. Thus, the pricing strategy of the new Sedan Rapid aims to successfully live the toughest and the direct competition that the model will have with other good selling car models in the Indian market including Maruti Suzuki India’s Swift DZire, Hyundai Motor Corp.’s Verna and Volkswagen’s Vento.

Skoda Auto India has high hopes that the new model Rapid will efficiently survive the competition in the Indian market and will soon become the best-selling car in the country.

“India is a very important market for us. There was a gap between our compact car Fabia and the sedan Laura. To fill that gap, we have launched the Rapid in the C segment”, Skoda Auto India Marketing Head Mr. Tarun Jha said in his statement while highlighting details about the company’s newest model.

Rapid is available in both petrol and diesel variants. Also, the model has been powered with 1.6 litre engine with its base of group firm VW’s Vento platform.

While discussing about the company’s expectations from the sales of the new sedan Rapid, Skoda Auto India Associate Director (sales and after sales) Mr. Ashutosh Dixit said that the company has set a target to sell 2,000+ cars every month and they have crossed their fingers to grow the sale of the C segment cars by approximately 5% this year.

Mahindra Unveils XUV500 at Rs 10.8 lakh

Good news for car enthusiasts in India is coming straight from the horse’s mouth. The Indian car manufacturing prodigy, Mahindra and Mahindra has rolled out its first international edition of Sport Utility Vehicle (SUV).

The latest launch, dubbed XUV500, was launched at a sparkling ceremony in Pune, which is reportedly home to the company’s latest sensation.

As per company officials, two editions (W8 and W6) of the SUV will be offered in both four-wheel and two-wheel drive.

According to latest information, the Mahindra W8 has been pegged around Rs 11.95 lakh, ex-showroom price in Delhi. On the other hand, the Mahindra W6 will cost Rs 10.8 lakh, ex-showroom price in Delhi.

However, the said prices are applicable only for the two-wheel drive version of Mahindra W8/W6.

The XUV500 is accessible in both four-wheel (4×4) and two-wheel (4×2) drive edition, with an ultra-advance gearbox and 6-speed manual.

The powerful wagon is fueled by 2.2-litre, “Common-Rail Diesel Engine” (CDE) and the chunk is similar to the one available on Mahindra’s benchmark ‘Scorpio mHawk’.

In addition, the company claims efficient fuel efficiency, certified by ARAI, of 15.1 km/l, which will certainly mark the second best fuel-efficient product developed under Mahindra’s glittering passenger SUV inventory, just next to ‘Mahindra Bolero’.

Ferraris Showroom Launched in India

For the first time, Ferraris show room has been launched in India. The show room has been established in Delhi. The Ferraris is a car to die for. Since the launch, it has attracted many customers in India and abroad. The car is given a special look, during its manufacturing which is amazing and different from any car industry.

If you are a fan of cars then it is a must for you to understand how brilliant minds put their effort in constructing a car to suit your desires and life style. Just like a baby before being born is nourished and taken care inside the mother womb similarly, the Ferraris engineers design the car, taking care of its miniature requirements.

The atmosphere inside the industry, where the car is produced, is conducive for the engineers and for the car. Everything is put in order so that no confusion is caused. Besides, plants are also encapsulated inside the unit to make sure that the oxygen level is maintained and is adequate. The greenery inside the manufacturing unit symbolizes environment friendly production.

Moreover, adjacent to its manufacturing unit is a museum containing some fabulous Ferraris from over the years, including one of the Scagliettis that took part in a Ferrari drive through Asia, a few years ago. Meanwhile, it has been reported that the new Ferrari 458 Italia is all set to hit the road. It has been told that car produces 562 hp and 398 lb-ft of torque.