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Monday, <strong>18</strong> <strong>January</strong>, <strong>2016</strong><br />
Act Permitting Premature Redemption of<br />
SSNNL Bonds Illegal: Gujarat High Court<br />
Ahmedabad<br />
17 <strong>January</strong> <strong>2016</strong><br />
On Friday, Gujarat high<br />
court ruled that the Gujarat<br />
government’s decision for<br />
premature redemption of<br />
Narmada deep-discount<br />
bonds was not legal and<br />
struck down the Sardar<br />
Sarovar Narmada Nigam (Conferment<br />
of Power to Redeem<br />
Bonds) Act. Sardar Sarovar<br />
Narmada Nigam (Conferment<br />
of Power to Redeem Bonds)<br />
Act is passed by the state assembly<br />
in 2008 and it had<br />
paved the way for the early<br />
redemption. The act was made<br />
to empower Sardar Sarovar<br />
Narmada Nigam Ltd (SSNNL).<br />
A bench of acting Justice N V<br />
Anjaria and Chief Justice<br />
Jayant Patel termed the<br />
SSNNL (Conferment of Power<br />
to Redeem Bonds) Act. The<br />
High Court has stayed its order<br />
for eight weeks after state<br />
government said it would approach<br />
the SC. The court additionally<br />
directed the investors<br />
as well as petitioners, who<br />
have already redeemed their<br />
bonds, to approach the civil<br />
court to collect the amount of<br />
loss they have incurred due to<br />
the Act. The matter had<br />
reached the high court’s of<br />
Maharashtra, Gujarat, and<br />
Karnataka after the Gujarat<br />
government passed the Act<br />
which empowered a government<br />
company SSNNL, to redeem<br />
the deep discount bonds<br />
(DDB) issued to investors before<br />
maturity, which was ending<br />
in <strong>January</strong> 2014. These<br />
bonds were issued in 1994 to<br />
elevate funds for the Sardar<br />
Sarovar project, including the<br />
dam and canal network. government<br />
raised Rs 257 crore in<br />
1994, through these bonds,<br />
which had a 20-year tenure.<br />
The bonds offered a profitable<br />
<strong>18</strong>.9 per cent interest. Thus,<br />
total amount payable to investors<br />
against each bond of Rs<br />
3,600 came to Rs 1.11 lakh in<br />
2014. However, the new Act<br />
empowered the government to<br />
terminate the bonds prematurely<br />
by making a payment of<br />
Rs 50,000 per bond in 2009.<br />
Device to lock car if<br />
driver found drunk<br />
Vadodara<br />
17 <strong>January</strong> <strong>2016</strong><br />
While drunken driving<br />
has become nightmare for<br />
many, it has inspired a citybased<br />
mechanical engineer<br />
invent a device that can shut<br />
down a car if the driver is<br />
drunk. Brewlocks, a device<br />
created by Ramnadh<br />
Mandali (35), prompts the<br />
driver to blow into the device<br />
before operating the car.<br />
The mechanism analyses the<br />
breath in about two seconds<br />
and interlocks the ignition<br />
system if the driver is found<br />
to be drunk.<br />
"Every year thousands<br />
of people lose their lives due<br />
to incidents of drunken driving.<br />
I conducted a research<br />
on the effects of alcohol on<br />
human brain for about three<br />
months before working on<br />
the device," said Mandali, a<br />
native of Vijaywada in<br />
Andhra Pradesh, who has<br />
settled in Vadodara since<br />
2011.<br />
According to Mandali,<br />
the device can benefit in four<br />
ways. It not only reduces the<br />
incidents related to drunken<br />
driving, but also gives the<br />
driver a means of self-evaluation<br />
before driving. The device<br />
also provides remote<br />
locking of the car from any<br />
part of the country via text<br />
messages. Owners of the<br />
cars can also use it as an antitheft<br />
locking system.<br />
"The owner of the car will<br />
also get a text message on<br />
his mobile using an application<br />
each time someone accesses<br />
the car. A simple SMS<br />
can lock the car from anywhere<br />
in the country. The<br />
device can be connected using<br />
GPS and GPRS," added<br />
Mandali who developed the<br />
device with the support of<br />
Hyderabad based I Start Innovations.<br />
"Although there are various<br />
types of breathalysers<br />
available, this is the first time<br />
that a device has been created<br />
that could lock car ignition<br />
after analysing driver's<br />
breath. The locking system<br />
based on text messages too<br />
is being made for the first time<br />
in the country," said electrical<br />
engineer Dhaval<br />
Prajapati, who handled the<br />
hardware execution of the<br />
device. The biggest hurdle<br />
while making the device was<br />
finding the right kind of sensor<br />
for the device, said<br />
Prajapati.<br />
Sudoku<br />
The classic sudoku game Involves a grid of 81<br />
squares the grid is divided into nine blocks, each<br />
containing nine squares. The rules of the game are<br />
simple: each of the nine blocks has to contain all the<br />
numbers 1-9 within its squars Each number can only<br />
appear once in a row, column or box.<br />
Thus, investors suffered a loss<br />
of Rs 61,000 per bond. Around<br />
4.1 lakh people across country<br />
had invested in these<br />
bonds, as per the rough estimate.<br />
With this premature termination,<br />
Gujarat government<br />
intended at saving around Rs<br />
4,500 crore, as the final figure<br />
would have been Rs 7,000 crore<br />
at the end of maturity in 2014.<br />
VMC faces<br />
ARV shortage<br />
Vadodara<br />
17 <strong>January</strong> <strong>2016</strong><br />
While the city continues to<br />
be terrorized by canines, the<br />
Vadodara Municipal Corporation<br />
(VMC) has run out of antirabies<br />
vaccine (ARV). VMC<br />
does not have stock of the ARV<br />
since last three days and is referring<br />
cases to the SSG Hospital<br />
(SSGH) that has the ARV<br />
vaccine, but no rabies<br />
immunoglobulin to treat severe<br />
cases. The issue of shortage<br />
of ARV at the VMC was exposed<br />
by the opposition Congress<br />
when it received complaints<br />
regarding the unavailability<br />
of vaccines there. The<br />
opposition claimed that the incident<br />
was an example of how<br />
the VMC administration functioned.<br />
Former opposition<br />
leader Chirag Zaveri said the<br />
complications began after the<br />
existing supplier of vaccines<br />
stopped supplying them as his<br />
outstanding amount of Rs five<br />
lakh was not cleared. "On the<br />
one end, people are being bitten<br />
by stray dogs.<br />
ACROSS<br />
1. Very small<br />
4. Has added seasoning<br />
8. A volcano does this<br />
9. Birth... again<br />
10. Quick<br />
12. Negative<br />
13. Not a coward<br />
15. Power<br />
17. Consists of hydrogen and oxygen<br />
19. Can do<br />
20. TV show... you either love it or hate it<br />
21. Became a father to<br />
23. Lots and lots and lots and lots<br />
25. Controls aircraft<br />
26. Sneak<br />
27. Not lowered<br />
DOWN<br />
Mathematical idea demonstrated to be true .1<br />
Prepare .2<br />
To lower oneself from a standing position .3<br />
You do this when you are deeply sad .4<br />
Biggest .5<br />
Not Hotmail .6<br />
Clear .7<br />
You go on this when you are courting .11<br />
63 endangered birds rescued at Nalsarovar<br />
Ahmedabad<br />
17 <strong>January</strong> <strong>2016</strong><br />
Common Coots, Common<br />
Pochard, Ferruginous Pochard,<br />
Garhwal, Wigeon and other endangered<br />
birds were among 63<br />
rescued by the forest department<br />
from a boat in Nalsarovar<br />
Lake, the only Ramsar Site of<br />
Gujarat, on Friday.<br />
Some of the Coots had been<br />
tortured by the<br />
poachers.Senior forest officials<br />
who recovered the birds said<br />
that the poachers had broken<br />
the legs of 25 coots and wings<br />
of the remaining 38 birds were<br />
twisted and locked behind to<br />
prevent them from flying off.<br />
Forest officials said that this is<br />
the first time that they have<br />
come across such a brutal technique<br />
to prevent the birds from<br />
escaping. "We suspect that<br />
the 63 birds were meant for sale<br />
in open market and also for local<br />
consumption," said a forest<br />
official. Sources said that<br />
the birds were to be sold in the<br />
open market and to villagers in<br />
nearby Ranagadh. The officials<br />
said that the tortured<br />
Coots with broken legs and<br />
wings have been sent to<br />
Jivdaya for treatment.<br />
Deputy conservator of forest,<br />
Nalsarovar, R G Prajapati,<br />
said: "On Wednesday we spotted<br />
a boat with birds and our<br />
staff chased after it. The boatman<br />
abandoned the vessel and<br />
and escaped through marshy<br />
parts of the lake. The team<br />
found 63 birds of which there<br />
were 25 coots whose legs were<br />
broken," said Prajapati.He<br />
added that acting on a tipoff a<br />
team of forest officers raided<br />
the residence of the su spect<br />
and his relatives in Bagodara<br />
but he is not traceable.<br />
Gujarat Government to Announce<br />
New Startup Fund in State Budget<br />
Ahmedabad<br />
17 <strong>January</strong> <strong>2016</strong><br />
On Saturday Gujarat Government<br />
said it will soon<br />
launch a brand new “fund” for<br />
supporting startups in Gujarat.<br />
Notably, Prime Minister shri<br />
Narendra Modi also made<br />
public a new start-up policy<br />
same day. Industries Commissioner,<br />
Government of Gujarat<br />
Mamta Verma said “We have<br />
studied the funding issues<br />
connected with start-ups very<br />
minutely and so we are proposing<br />
to come up a fund for (GVFL) seeks to fill the existing<br />
gap in funding structure<br />
start-ups with innovative<br />
ideas that are struggling for for start-ups. In a discussion<br />
funding. We are still working about the gujarat government’s<br />
new Industrial Policy<br />
on it. We are at advanced<br />
stages of discussion and probably<br />
it might come out in this sistance for start-ups and in-<br />
2015 where a “scheme for as-<br />
(state) budget,” while addressing<br />
the session planned from <strong>January</strong> 1, 2015, the offinovation”<br />
came into power<br />
by FICCI on “Start-up India, cial told Gujarat has provided<br />
Stand-up India”. Speaking to Rs 10,000 as “sustenance allowance”<br />
for a period of one<br />
a number of entrepreneurs,<br />
funding agencies connected year for any innovator suggested<br />
by 11-odd nodal accel-<br />
with start-ups in gujarat, the<br />
official said that gujarat government’s<br />
new fund will mean-<br />
functional in the state. She<br />
erators or incubators that are<br />
ing “more like a grant” without<br />
seeking any “equity” in unique features of our new<br />
added “This is one of the<br />
the start-up venture. Mamta policy,” “This policy (surrounding<br />
start-ups) is new and<br />
Verma said “This will very different<br />
from the venture funds so we are still very open for<br />
and it is definitely in our pipeline,”<br />
adding that the new fund need to improvise and improve<br />
suggestions. Wherever we<br />
set up in association with our policy we are ready to do<br />
Gujarat Venture Finance Ltd it,” Verma added. Executive<br />
New lease of life for fire brigade<br />
Vadodara<br />
17 <strong>January</strong> <strong>2016</strong><br />
City fire brigade will soon<br />
add nine water tankers to its<br />
fleet. The fire brigade on Saturday<br />
acquired nine chassis and<br />
15 fibre boats. While two of the<br />
units with water tanker and<br />
pumps have been built on the<br />
chassis, the remaining seven<br />
are under construction. The<br />
Vadodara Municipal Corporation<br />
(VMC) has placed an order<br />
of Rs 62.55 lakh to construct<br />
the tankers for the emergency<br />
services. The new<br />
equipment were acquired as<br />
the existing were depreciating<br />
and were in need of replacements.<br />
The new tankers will<br />
have the ability to deliver water<br />
to even the narrowest lanes<br />
in the city. Apart from its utility<br />
in the emergency services,<br />
these tankers can also be used<br />
to transport drinking water. The<br />
fire brigade has also got 15 fibre<br />
boats with double out boat<br />
machine to meet flood related<br />
emergencies in the city. The<br />
boats can save upto 12 persons<br />
at a time. The 15 fibre<br />
boats were acquired at a cost<br />
of Rs 2.51 crore. The city fire<br />
brigade will now have access<br />
to 22 fibre boats including the<br />
ACROSS<br />
seven acquired by Gujarat State<br />
Disaster Management Authority<br />
(GDSMA) for the emergency<br />
response centre. earlier<br />
reported that the city fire and<br />
emergency services was grappling<br />
with its own deficiencies.<br />
Out of 84 vehicles in the department,<br />
about 60 per cent of<br />
these are older than 20 years.<br />
Twenty one of these are<br />
owned by GDSMA and have<br />
been allotted emergency response<br />
centre (ERC). As many<br />
as 50 vehicles in the remaining<br />
fleet of 63 belonging to the<br />
VMC fire brigade and have<br />
lived out their age.<br />
Taken to test DNA .14<br />
The centre of Jesus' ministry .16<br />
Turned .<strong>18</strong><br />
A biscuit .19<br />
These are used to breathe with... but not by humans.<br />
.22<br />
A mischievous child .24<br />
Lathyrus .25<br />
In December 2013 a major<br />
poaching incident from Maliya<br />
Miyana in Rajkot district was<br />
busted. Investigations had revealed<br />
that meat of endangered<br />
birds was sold to big hotels and<br />
was transported to hotels in<br />
Ahmedabad.<br />
Prajapati said that this<br />
month the department has recovered<br />
532 nets which was<br />
about 82 nets more than what<br />
was seized in December. As a<br />
part of Operation the department<br />
since November has recovered<br />
1382 nets and has<br />
freeds birds in thousands.<br />
Dabbawalas<br />
share their<br />
mgmt wisdom<br />
Ahmedabad<br />
17 <strong>January</strong> <strong>2016</strong><br />
Once again, Mumbai's<br />
Dabbawalas, who are known for<br />
their managerial skills in supplying<br />
food to their customers,<br />
were at the Indian Institute of<br />
Management, Ahmedabad<br />
(IIM-A). In 2008, Mumbai's<br />
Dabbawals for the first time had<br />
shared their managerial skills at<br />
the IIMA. This time, they<br />
shared their managerial skills at<br />
the world's one of the best management<br />
institutes in the event<br />
Amaethon <strong>2016</strong>'.` The<br />
Dabbawalas of Mumbai is a<br />
phenomenon that has surprised<br />
many in the management circles.<br />
Subodh Sangle, the coordinator<br />
of Mumbai Dabbawalas, explained<br />
that the Dabbawalas<br />
face many hurdles such as<br />
unpunctual customers, physical<br />
distance, large number of<br />
dabbas, crowded trains,<br />
Mumbai traffic, multiple hand<br />
overs and scattered destinations.<br />
"The key to overcome<br />
these lie in reducing operational<br />
costs drastically, which they<br />
achieve by building their service<br />
around existing infrastructures,"<br />
said Sangle, adding that<br />
high salaries are not the only<br />
motivator and a sense of respect,<br />
ownership and job satisfaction<br />
are equally essential. Sangle<br />
stressed that their customers<br />
need to be very punctual because<br />
any delay in time can halt the<br />
whole supply process.<br />
vice-chairman and MD,<br />
Hitachi Hi-Rel Power Electronics<br />
Pvt Ltd, Mr. Piyush Shah<br />
said at the event about provisions<br />
of Gujarat’s start-up<br />
policy that the sustenance allowance<br />
of Rs 10,000 provided<br />
to start-up firms as “peanuts”.<br />
“We hope that much more is<br />
provided,” said shri Shah. The<br />
founder director of Silicon<br />
Computech Pvt Ltd, shri<br />
Munir Thakor said that startups<br />
in Gujarat require “more<br />
than the Rs 10 lakh” provided<br />
in the new policy as cost of<br />
raw material components required<br />
for new product development.<br />
Ashwin Joshi from<br />
Centre for Innovation Incubation<br />
and Entrepreneurship<br />
(CIIE) at IIM-A said that “The<br />
start-up ecosystem in Gujarat<br />
has come of age… There are<br />
two definite trends.<br />
Mangalore killings<br />
accused nabbed in city<br />
Ahmedabad<br />
17 <strong>January</strong> <strong>2016</strong><br />
In a joint oper ation with<br />
Mangalore cops city crime<br />
branch offi cials nabbed<br />
Raviraj Pujari 30, resident of<br />
Bantwal taluka of Dakshin<br />
Kannada dis trict, Karnataka,<br />
for murder of two VHP activists<br />
during the protests held<br />
against the cele bration of<br />
birth anniversary of Tipu Sultan<br />
in November 2015. Violence<br />
had flared up when<br />
Karnataka government decided<br />
to celebrate for the first<br />
time the birth anniver sary of<br />
Tipu Sultan across the state.<br />
The programme was boycotted<br />
by several groups<br />
who saw Tipu as a "religious<br />
bigot".<br />
According to crime<br />
branch sources, during one<br />
such protest in rural Bantwal,<br />
which falls under the jurisdiction<br />
of Dakshin Kannada<br />
district police station, Raviraj<br />
and his associate had murdered<br />
two people known as<br />
VHP activists.<br />
"Raviraj's associate was<br />
later on arrested by<br />
Mangalore police but<br />
Raviraj was still on the run,"<br />
said a senior crime branch<br />
official. Deputy commissioner<br />
of police, Deepan<br />
Bhadran, said Mangalore<br />
police had located Raviraj in<br />
Ahmedabad through electronic<br />
surveil lance and had<br />
dispatched a two-member<br />
team to Ahmedabad. "We<br />
located Raviraj in Vastrapur<br />
on Saturday and nabbed him<br />
from the main road adjoining<br />
Vastrapur lake.He had come<br />
to Gujarat to avoid arrest, and<br />
was staying at his uncle<br />
Ramesh Pujari's house in<br />
Vastrapur, on the pretext of<br />
sightseeing," added Inspector<br />
S L Chaudhary of crime<br />
branch. Mangalore police officials<br />
said Raviraj has a<br />
criminal history and had<br />
been booked in several offences<br />
in Mangalore."We<br />
have handed over Raviraj to<br />
Mangalore police, who will<br />
escort him back," said a crime<br />
branch official.