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January 18, 2016

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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.

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