ELECTION WISH...

SOONER THE UPA GOES IS THE BETTER

Expressing dissatisfaction at the Centre...West Bengal Chief Minister Mamata Banerjee today said the sooner the UPA government goes the better.
"Despite repeatedly telling this government, it has deprived and exploited the state. The Prime Minister had himself committed before the election (2011 assembly polls) that if we were voted to power, the Centre would help the state and restructure the debt. Nearly three years have elapsed since then," Banerjee told a press conference here. "This government is on the way out. The sooner it goes the better," she said. She reiterated the Left Front government had left behind a huge debt because of the Centre allowing it to take loans. "The previous government did not follow the Fiscal Responsibility Budget Management," she said. She said the state wanted a transparent debt-restructuring plan so that it could invest revenue earned for infrastructure development. "West Bengal was deprived the most. We have repeatedly sought restructuring of the debt but it was not accepted." At a recent party rally here, BJP president Rajnath Singh had made common cause with Banerjee, saying her demand for a three-year moratorium on interest on central loans was justified.

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WORLD'S OLDEST WOMAN

Misao Okawa celebrates her 115th birthday in Osaka, western Japan on March 5, 2013. Okawa was formally recognized as the world's oldest woman.

SINGER MANNA DEY IS NO MORE

Legendary playback singer Manna Dey, who mesmerised generations of listeners with his inimitable voice for over five decades with hits like 'ay mere pyara watan', 'laaga chunri me daag' and 'poocho na kaise', died at a hospital here today at the age of 94 after prolonged illness. Dey, who was in and out of Narayana Hrudayalaya Hospital in the last five months for respiratory and renal problems, died of cardiac arrest with his daughter Shumita Deb and son-in-law Jnanranjan Deb by his bedside when the end came at 3.50 AM. The condition of Dey, who had made Bangalore his home for the last many years, deteriorated since yesterday afternoon, hospital spokesman Vasuki said. With the demise of Dey, the void has become complete in the famous quartet of singers Rafi, Mukesh, and Kishore Kumar, who dominated the Hindi music industry from 1950s to 1970s. The mortal remains of Dey, whose unique voice lent a rare dimension to his persona, were cremate...

WILL NIFTY FALL BELOW 2000?

Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...

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