Tuesday, August 23, 2016

Hollywood Director Param Gill's film “Waarior Savitri” faces ban in India for depiction of Hindu Goddess.


 

“Waarrior Savitri,” the newest offering of Indian American director Param Gill scheduled for release in India and the U.S.  on Aug. 25th, has received considerable backlash for its depiction of the Hindu goddess as a modern, 21st-century woman.Effigies bearing the image of Gill have been burned in Raipur and elsewhere across India, according to local media reports. 
The Lal Bahadur Shastri Social Forum sent a letter last month to Ludhiana Deputy Commissioner Ravi Bhagatre questing permission to burn an effigy of Gill. A copy of the letter was forwarded to IANS by the director.
Sushil Malhotra, president of the Lal Bahadur Shastri Social Forum, wrote in the letter to Bhagat that the film “makes a mockery of a revered Indian goddess.” Malhotra stated that the film was “obscene.” 
The Mahabharata tells the story of goddess Savitri, who used the power of her dedication to her husband Satyavan to save him from being killed by Yama, the god of death. In Hindu mythology, Savitri is described as the epitome of a dutiful wife.
Gill, chose to depict Savitri as a strong, empowered, 21st-century woman. In a trailer available on the Youtube Web site, the goddess is shown practicing martial arts to combat her enemies. Savitri – played by Niharica Raizada – is also shown in shots depicting sexual intimacy. She is also shown wearing sexy clothing, including cut-off shorts and bustiér-style tops.
The film is set in Las Vegas. Its stars include Om Puri, Lucy Pinder, Rajat Barmecha and Gulshan Grover.
In an interview, Gill told IANS he was inspired by the 2012 gang rape of a young New Delhi student – known as Nirbhaya – who died after the brutal attack. “I thought women needed to empower themselves, and learn martial arts to protect themselves,” he said.
Gill said he feared going to India for the film’s release next week. He said he has received threatening letters from various Indian organizations exhorting him to self-ban the film. “There is a general pattern of intolerance throughout the country now,” said Gill.
 YouTube video of Gill's effigy being burnt at Raipur.

Lucy Pinder statement:
"I was ready to leave from Los Angeles to Mumbai at the airport. But given the controversy surrounding the film, producers advised me to stay away citing security concerns. India has become a very intolerant country. I feel frustrated that I can not one to India to promote my first film".

Director Param Gill statement:
" I have worked in Hollywood all my life. But I am born in India, so the country beats in my heart. I was very excited to come to India to promote my first Bollywood film, Waarrior Savitri, but producers advised me to stay away. My effigies have been burnt across India with heavy protests to ban the film. I request the protesters to join a special screening of film at Mumbai. They will find nothing objectionable rather they will feel inspired".

Wednesday, August 17, 2016

NSDL integrates its system with CCIL for trading in Government Securities by Demat Accountholders



Mumbai, August 16, 2016: National Securities Depository Ltd (NSDL) is pleased to announce introduction of facility for Retail Investors holding Demat Accounts with NSDL to trade in Government Securities on the Negotiated Dealing System–Order Matching (NDS-OM) platform, which is operated by Clearing Corporation of India Ltd (CCIL) on behalf of Reserve Bank of India (RBI).

This follows the announcement by RBI in the First Bi-monthly Monetary Policy Statement of 2015-16 to provide demat accountholders the functionality to put through trades on NDS-OM. In July 2016, RBI issued guidelines to allow Demat Accountholders to put through trades in Government Securities on the NDS-OM platform through their Bank Depository Participant (DP) which is an SGL Account Holder and a direct member of NDS-OM and CCIL. 

With this, retail individual investors holding Demat Accounts with Bank DPs of NSDL will be able to purchase or sell government securities through the NDS-OM system. So far, access for trading in secondary market on NDS-OM was limited to only those maintaining SGL/CSGL accounts. These new guidelines will now facilitate efficient access for retail investors holding demat accounts to the government securities market and encourage retail participation.

To make it easier for retail investors to trade, NSDL has also integrated NDS-OM web module with its e-services facility. It allows the Bank DPs to make available web trading facility to investors so that investors can directly trade online in government securities using the web module of NDS-OM and their existing NSDL demat account.

Mr. G V Nageswara Rao, MD & CEO, NSDL said that “this facility will encourage retail investors to invest in government securities. NDS-OM is the most liquid market for government securities and NSDL demat accountholders now have access to the same. There is no need for investors to open separate demat account for holding government securities and their existing demat account can be used. What’s more, such investors will be able to view and track government securities through NSDL’s Consolidated Account Statement (CAS).”

This facility has been made operational with effect from August 16, 2016. The first trade for a retail client was executed by HDFC Bank, a Bank Depository Participant of NSDL and NDS-OM member.

About NSDL
National Securities Depository Limited (NSDL), India’s largest depository, holds more than 89% of the demat securities held in India. NSDL holds securities valued at more than Rs. 130 lakh crore (USD 1.9 trillion) which is larger than GDP of 180 countries around the world. NSDL has established a national infrastructure of international standards that settles over 89% of value of securities traded and settled on Indian stock exchanges. NSDL services more than 1.48 crore demat account holders through its Participants from about 27,000 locations. NSDL covers 89% of PIN codes in the country and has presence in all States and Union Territories.

IACC ANNUAL CONVENTION Unleashing US India Economic Synergy


August 22nd and 23rd 2016
 Policy makers, India Inc. bid for more Indo-US economic synergy
Top policy makers & business leaders will participate in the annual convention of Indo-American Chamber of Commerce
Mumbai, August 17, 2016:  Indo-American Chamber of Commerce will be organizing a two-day Convention involving top policy makers and business leaders to deliberate on “Unleashing Indo-US economic synergy.” The Convention will be held on Aug 22/23 at the Trident, Nariman Point.
The Convention is significant since Indo-US trade and investment show immense potential. The countries have complementary strengths and capabilities that can make the combined vision and ambition of 500 billion USD trade a reality. Not only will this drive the two large and vibrant economies, but it is also a necessity for cementing cross-sectoral links between them.
The objective of the convention is to help, through dialogue, increasing the level of bilateral trade and investment. PwC is the knowledge partner for this convention.
The two-day Convention will provide a platform to business leaders and policy makers, to communicate on various sectors such as banking and financial services, defence & aerospace, infrastructure, heavy industries, railways, energy, oil & gas, chemicals & pharmaceuticals among others.
The Convention would deliberate on promoting Indo US Synergy to promote joint ventures, co-development, co-production, technology transfer for sustainable and inclusive growth. 
IACC National President and Convention Chair, Dr. Lalit Kanodia said “India needs around 1.6 trillion USD worth of investment by 2025 to achieve its winning leap growth. A majority of this investment will be directed to sectors like technology, infrastructure, services, A&D, all of which are currently nascent in India but poised for huge growth. We feel that Indo-US bilateral trade can play a significant role in boosting this growth”.
Prominent policy makers expected to attend the convention include, Mr. Nitin Gadkari, Mr. Anant Geete, Mr. Suresh Prabhu, Mr. Piyush Goyal and Mr. Ashok Lavasa among others.
Business delegates include Mr. A M Naik, Ms. Arundhati Bhattacharya, Mr. Chris Hickman, Dr. Dinesh Keskar, Mr. S Ramadorai, Dr. Habil Khorakiwala, Mr. Hemant Kanoria, Mr. Vinayak Deshpande and others will be attending the Convention.
 About Indo American Chamber of Commerce:
Started by Ambassador Chester Bowles along with Industry leaders and visionaries like Mr. S. L. Kirloskar, Mr. A. M. M. Arunachalam, Mr. H. P. Nanda, Mr. Ambalal Kilachand, Mr. Harish Mahindra, Mr. Frederick Fales and Mr. John Oris Sims, the Indo-American Chamber of Commerce (IACC), established in 1968, is the apex bi-lateral Chamber synergizing India-US Economic Engagement. The major objective of IACC is to enhance the bilateral economic partnership. Today IACC has pan India presence with 2400 members at 12 locations, representing cross section of US and Indian Industry

Jaslok FertilTree


Celebration of 27 years of Department of Assisted Reproduction & Launch of New Venture
Mumbai, August 15:
On Monday, Jaslok Hospital & Research Center, announced the launch of their new venture Jaslok FertilTree International Fertility Centre along with Aamir Khan, Tusshar Kapoor and Farah Khan at the Trident, Nariman Point, with key guests in attendance.
Speaking on the occasion of the Celebration of 27 years of Department of Assisted Reproduction & Launch of New Venture, Dr. Tarang Gianchandani, CEO at Jaslok Hospital & Research Center said, “The new venture Jaslok FertilTree is a sincere endeavor to take the services of Department of Assisted Reproduction & Jaslok closer to more & more patients in times to come”.
The day also marks 27 successful years during which the Assisted Reproduction service of Jaslok has provided treatment to couples from every state in India and from more than 60 countries. With breakthrough procedures, such as the world's first Cumulus Aided Transfer (CAT), the department has established an international reputation of excellence and pioneering work in the field of Assisted Reproduction.
Presence of Satakshi Thappar(5) and her brother Arihan Thappar(2), Farah Khan’s triplets Diva, Anya and Czar(8) along with Arnav Kumar(4),  Zuli Chopra(14) and Dhruv Parmar (17) illuminated this special occasion.
Dr. Firuza Parikh, the Director of Assisted Reproduction & Genetics at Jaslok Hospital and Visiting Professor of Obstetrics and Gynaecology at UCLA, U.S.A. is among India's top 10 doctors and one of the top three female Indian doctors of all time. She will lead the program. Dr. Parikh said,” I am excited about Jaslok’s collaboration with FertilTree as it will increase our reach to many more in need of Assisted Reproduction.”

Sunday, August 14, 2016

बंध-मुक्त नाटकाचा शानदार प्रिमियर



प्रेक्षक पसंतीवर ठरणार नाटकाचा उत्तरार्ध

आयुष्याची सुरुवात आणि शेवट चांगला व्हावा असा विचार प्रत्येकजण करीत असतो. असाध्य आजाराने हतबल होत मृत्यूची प्रतीक्षा करण्यापेक्षाइच्छामरण हा शेवटचा पर्याय काहींना जवळचा वाटतो. इच्छामरणास कायदेशीर हक्क मिळावा यासाठी अनेक सामाजिक संस्था कायदेशीर लढाई लढत आहेत. याच गंभीर विषयावर भाष्य करणारं बंध-मुक्त हे नवकोरं नाटक रंगभूमीवर चांगलंच चर्चेला आलंय. ‘जगदंब क्रिएशन्स’ निर्मित, ‘तिरकिटधा’ प्रस्तुत बंध-मुक्तनाटकाचे लेखन विवेक आपटे तर दिग्दर्शन डॉअनिल बांदिवडेकर यांनी केलंय. अभिनयासोबत या नाटकाच्या निर्मितीत देखील डॉअमोल कोल्हे यांचा सहभाग आहे.
रंगभूमीवर प्रथमच बंध-मुक्त नाटकाचा शानदार प्रिमियर सोहळा रविंद्रनाट्य मंदिर येथे नुकताच संपन्न झाला. सौ.रश्मी ठाकरे, खासदार अनिल देसाई, आमदार संजय केळकर, अॅडव्होकेट उज्वल निकम, किरण शांताराम, भरत जाधव, विजय केंकरे, भरत दाभोळकर, मधुरा वेलणकर, प्रिया मराठे, समिधा गुरु, निर्माते प्रसाद कांबळी व हर्षद तोंडवळकर यांच्यासह सिनेनाट्यवैद्यकीय,राजकारणसाहित्यउद्योग  सामाजिक क्षेत्रातील अनेक मान्यवर यावेळी आवर्जूनउपस्थित होते. या नाटकाचे खास आकर्षण म्हणजे दर प्रयोगाला रसिकांची मते जाणून घेत नाटकाचा उत्तरार्ध निश्चित केला जाणार आहे. यासाठी नाटकाच्या दुसऱ्या अंकाचे दोन स्वतंत्र भाग केले असून प्रेक्षकांच्या अधिक पसंतीची पावती मिळालेल्या पर्यायाची निवड दुसऱ्या अंकासाठी केली जाणार आहे. मराठीरंगभूमीवर रसिकांची मते जाणून घेत उत्तरार्ध उलगडणारे हे पहिलंच नाटकं ठरणार आहे.
 बंध-मुक्त या नावावरूनच हे नाटक काहीतरी निराळं असणार याची कल्पनायेत असली तरी त्याचे सादरीकरण नक्कीच वैशिष्ट्यपूर्ण ठरले आहेएक सर्जन,त्याची गुन्हेगारांच्या मानसशास्त्रात डॉक्टरेट असलेली बायकोएक वकील आणि एकमानवी हक्क चळवळीची लीडर या चौघांमध्ये घडून आलेली वैचारिक चर्चा म्हणजेबंध-मुक्त हे नाटकयात कोणाभोवती बंध’ आवळले जाणार आणि कोणाभोवतालचेपाश मोकळे होऊन तो मुक्त’ होणार हे नाटक पहाताना उलगडेल. डॉअमोल कोल्हे, केतकी थत्तेराजन शंकर बनेशंतनु मोघेविवेक आपटेपंढरी मेदगेलतिका सावंतया सर्वच कलाकारांची जोरदार अदाकारी बंध-मुक्त मध्ये पहायला मिळणार आहे.
डॉ. अमोल कोल्हे, विलास सावंत, सोनाली घनश्याम राव यांची निर्मिती असलेल्या बंध-मुक्त नाटकाची सहनिर्मिती डॉ. अजित देवल यांनी केली आहे. विवेक आपटे लिखित या नाटकाचे पार्श्वसंगीत राहुल रानडे यांनी दिलं आहे. प्रकाश योजना शीतल तळपदे यांची तर नेपथ्य राजन भिसे यांनी केलंय. वेगळ्या कथाविषयावरील हे नाटक नक्कीच रसिकांच्या पसंतीस उतरेल.

S.P. Apparels Ltd. listing ceremony

L to R - Mrs. PV Jeeva (CEO, S. P. Apparels Ltd.), Mrs. S. Latha (ED, S. P. Apparels Ltd.),  Mr. V. Balaji (CFO, S. P. Apparels Ltd.), Mr. P. Sundararajan (CMD, S. P. Apparels Ltd.), Mr. S. Chenduran (ED, S. P. Apparels Ltd.), Mr. Girish Nadkarni (Motilal Oswal Securities), Mr. Ashishkumar Chauhan (MD & CEO) and Mr. Gaurav Saravgi (Centrum) at the listing ceremony of S. P. Apparels Ltd. at BSE


L to R - Mrs. PV Jeeva (CEO, S. P. Apparels Ltd.), Mr. V. Balaji (CFO, S. P. Apparels Ltd.), Mrs. S. Latha (ED, S. P. Apparels Ltd.), Mr. P. Sundararajan (CMD, S. P. Apparels Ltd.) and Mr. S. Chenduran (ED, S. P. Apparels Ltd.) at the listing ceremony of S. P. Apparels Ltd. at BSE


Mr. P. Sundararajan (CMD, S. P. Apparels Ltd.) presents a memento to Mr. Ashishkumar Chauhan (MD & CEO, S. P. Apparels Ltd.) at the listing ceremony of S. P. Apparels Ltd. at BSE 


State Bank of India Q1FY 2017 SBI STAND ALONE RESULTS HIGHLIGHTS Q1FY17 OVER Q1FY16




                               


·         Interest Income on Advances increased from Rs.28,582 Crores in Q1FY16 to Rs.29,884 Crores in Q1FY17 (4.56% growth).
·         Interest Income on Resources Operations increased from Rs.10,254 Crores in Q1FY16 to Rs.10,887 Crores in Q1FY17 (6.18% growth).
·         Total Interest Income increased from Rs.39,643 Crores in Q1FY16 to Rs.41,594 Crores in Q1FY17 (4.92% growth).
·         Interest Expenses on Deposits increased from Rs.24,097 Crores in Q1FY16 to Rs.25,169  Crores in Q1FY17 (4.45% growth).
·         Total Interest Expenses increased from Rs.25,911 Crores in Q1FY16 to Rs.27,281  Crores in Q1FY17 (5.29% growth).
·         Net Interest Income increased from Rs.13,732 Crores in Q1FY16 to Rs.14,312 Crores in Q1FY17 (4.23% growth).
·         Non Interest Income increased from Rs.5,088 Crores in Q1FY16 to Rs.7,335 Crores in Q1FY17 , an increase of 44.16% YoY, driven by increase in Profit on Sale of Investments by 212.15%, increase of 22.30% in Recovery in Written Off accounts,  increase of 21.93% in Forex Income and 6.08% in Fee Income.
·         Operating Income increased by 15.02% from Rs.18,820 Crores in Q1FY16 to Rs.21,647 Crores in Q1FY17.
·         Staff Expenses increase was contained at 5.93%, from Rs.5,906 Crores in Q1FY16 to Rs.6,257 Crores in Q1FY17.
·         Operating Expenses increased by 10.14% from Rs.9,618 Crores in Q1FY16 to Rs.10,594 Crores in Q1FY17.
·         Operating Profit increased by 20.12% from Rs.9,202 Crores in Q1FY16 to Rs.11,054 Crores in Q1FY17.  
·         Net Profit in Q1FY17 was Rs. 2,521 Crores, lower than the Net Profit of Rs.3,692 Crores in Q1FY16 by Rs. 1,171 Crores(-31.73%) as loan loss provisions  increased by Rs.2,981 Crores from Rs 3,359 Crores as on 30th June 2015 to Rs. 6,340 Crores as on 30th June 2016.

ASSET QUALITY
·         Gross NPAs went up by 44 bps at 6.94% in Q1 FY17 as against 6.50% in Q4 FY16 and by 265 bps from Q1 FY16.
·         Net NPAs went up by 24 bps at 4.05% in Q1 FY17 as against 3.81% in Q4 FY16 and by 181 bps from Q1 FY16.
·         Asset quality improved in the Non-Corporate Book:
o   Gross NPA Ratio in Per Segment Loans declined from 1.17% in Q1 FY16 to 0.86% in Q1 FY17.
o   Gross NPA Ratio in Agri. Loans declined from 9.36% in Q1 FY16 to 7.03% in Q1 FY17.
·     PCR went up by 88 bps at 61.57% in Q1 FY17 from 60.69% in Q4 FY16.

.DEPOSITS
·         Deposits of the Bank increased from Rs.16,13,545  Crores as on  30th June 15 to Rs.17,82,371 Crores  as on  30th June 16 (10.46 % YOY growth) .
·         Domestic Deposits grew from Rs.15,24,927 Crores as on  30th June 15   to  Rs.16,99,001 Crores as on  30th June 16  (11.42% YOY growth).
·         Savings Bank deposits increased from Rs.5,39,050 Crores as on  30th June 15  to Rs.6,16,938  Crores as on  30th June 16   (14.45 % YOY growth) .     
·         Current Account deposits increased from Rs.96,845 Crores as on  30th June 15  to Rs.1,09,828 Crores as on  30th June 16  (13.41% YOY growth) .    
·         CASA Ratio improved by 108 bps from 41.70% as on  30th June 15 to 42.78% as on 30th June 16.

ADVANCES
·         Gross Advances increased from Rs.13,13,735 Crores as on  30th June 15 to Rs.14,63,690. Crores as on  30th June 16  (11.41% YOY growth), resulting in increase in domestic market share by 32 bps from 15.81% in June 15 to 16.13% in June 16.
·         Large Corporate advances increased from Rs.2,55,964 Crores as on  30th June 15 to Rs.3,08,206  Crores as on  30thJune 16  (20.41% YOY growth).
·         Mid-Corporate Advances increased from Rs. 2,00,035  Crores as on  30th June 15 to     Rs. 2,07,137  Crores as on  30thJune 16  (3.55% YOY growth).
·         Retail Personal advances increased from Rs.2,80,114 Crores as on  30th June 15 to Rs.3,37,087 Crores as on  30th June 16  (20.34% YOY growth). Home loans increased from Rs.1,63,678  Crores as on  30th June 15  to Rs.1,97,575  Crores as on  30th June 16  (20.71% YOY growth). Auto loans increased from Rs.33,229  Crores as on  30th June 15 to Rs.39,683  Crores as on  30th June 16  (19.42% YOY growth).
·         SME Advances increased from Rs.1,74,591  Crores as on  30th June 15 to Rs.1,82,093 Crores as on  30th June 16 (4.30% YOY growth). 
·         Agri advances increased from Rs.1,15,813  Crores as on  30th June 15 to Rs.1,24,594  Crores as on  30th June 16   (7.58% YOY growth).
·            International advances increased from Rs.2,50,950 Crores as on  30th June 15 to Rs.2,70,365  Crores as on  30th June 16   (7.74% YOY growth).

KEY FINANCIAL RATIOS (SBI):
·         Capital Adequacy Ratio under Basel III improved to 14.01% as on 30th June 16 from 12.00% as on 30thJune 15. Revaluation of Real Estate Assets has boosted our CET-I capital by Rs.14,384 Crores.
·         Average Cost of Deposits declined to 5.98% as on 30th June 16 from 6.35% as on 30th June 15.
·         Average Yield on Advances moved from 10.33% as on 30th June 15 to 9.55% as on 30th June 16.
·         Domestic NIM declined to 3.09% as on  30th June 16  from 3.29% as on  30th June 15, whereas Foreign offices NIM improved to 1.37% as on  30th June 16  from 1.30% as on  30th June 15.  Whole Bank NIM declined to 2.83% as on  30th June 16  from 2.99% as on  30th June 15.
·         Cost to Income Ratio improved by 216 bps from 51.10% as on  30th June 15 to 48.94% as on  30th June 16.
·         Return on Assets is lower at 0. 44% as on 30th June 16 against 0.72 % as on 30th June 15.
·         Return on Equity is lower at 7.36% as on 30th June 16 against 12.30 % as on 30th June 15.


Performance of SBI Group



·         Gross NPA Ratio for SBI Group increased from 4.46% as on  30th June 15  to 6.40% as on 31st March 16 and to 7.38% as on  30th June 16,  while Net NPA Ratio increased from 2.38% as on  30th June 15 to 3.73% in  March 16 and to 4.35% as on  30th June 16.
·         Net Profit (after minority interest) of SBI Group declined from Rs 4,714 Crores as on  30th June 15  to Rs. 1,046 Crores as on  30th June 16  (YOY decline of 77.81%).

ANNEXURE
  (Rs. in Crore)


2015-16
2016-17
Growth Q1FY17 Over Q4FY16
Growth Q1FY17 Over Q1FY16

Q1
Q4
Q1
%
%
Interest Income
39643
42831
41594
-2.89
4.92
Interest Expenses
25911
27541
27281
-0.94
5.29
Net Interest Income
13732
15291
14312
-6.40
4.23
Non-Interest Income
5088
10696
7335
-31.42
44.16
Operating Income
18820
25986
21647
-16.70
15.02
Staff Expenses
5906
6943
6257
-9.88
5.93
Overhead Expenses
3712
4852
4337
-10.61
16.85
Operating Expenses
9618
11794
10594
-10.18
10.14
Operating Profit
9202
14192
11054
-22.11
20.12
Provisions
5510
12928
8533
-34.00
54.87
Net Profit
3692
1264
2521
99.47
-31.73