Holy Hindu Cow! What Now?: Sid Harth
21 May, 2011, 12.10PM IST,IANS
Night in 10×15 ft cell, simple breakfast for Kanimozhi in Tihar
Read more on »Kanimozhi|Judicial Event|DMK|Central Bureau of Investigation|CBI
NEW DELHI: Night in a 10 ft by 15 ft cell with a rolled up blanket as a pillow, a spartan breakfast of bread and tea and some Tamil newspapers – DMK MP Kanimozhi’s first day behind bars at the Tihar jail here was a far cry from the luxuries she is accustomed to.
The Rajya Sabha member and DMK chief M. Karunanidhi’s daughter spent her night in Ward 8, the women’s ward of jail number six at Tihar, officials said Saturday.
Arrested after being denied bail by the special Central Bureau of Investigation ( CBI )) court in the 2G spectrum scam, Kanimozhi, 43, was brought to Tihar around 4.30 p.m. Friday.
According to jail sources, a blanket was allowed to be used as cushion for the night and Kanimozhi went to sleep around 11 p.m.
“She slept around 11 in the night, got up around 5-5.30 a.m., took a bath and had her breakfast from the jail canteen,” a Tihar jail official told IANS.
“Her breakfast was simple – bread slices with butter and tea. She read some Tamil newspapers before starting for the court at 9 a.m.,” the official said.
In Tihar, her next door companions include Madhuri Gupta, the junior Indian diplomatic official who was arrested here on charges of spying for Pakistan’s intelligence agency, and alleged spy Sonu Punjaban.
“Kanimozhi has been kept in the ‘first time offenders ward’,” the official added.
He said her cell has a TV set and a small curtained toilet.
She complained about mosquitoes and asked for a mosquito repellent.
“She also chatted with some other inmates, specially the Tamil inmates in the women’s ward last evening,” the official added.
He said she would not be allowed to interact with others accused in the 2G spectrum scam.
Sid Harth Harth (USA)
Sonu Panjaban: “Yo my main Babe, oops, Baby. Lost your rail ticket? Or did you faked ticket loss traveling as a ticket-less passenger? This is what you get for misusing your privileges as a tax paying citizens. If I were you, by almighty Lord God of the universe, I am not. What are you in for? I am for, oops, a secret, oops, a trade secret. By the way, sleep with your head closer to the stink hole, oops, ‘sandas,’ ‘pakhana,’ oops, a Hindu latrine, that way you are sure to wake up early. Don’t worry so much about me, Daroga sahib gives me a plenty, you know what I mean? ‘wink, wink,’ shaking her fat booty in Kanimozhi’s teary eyes. Have a nice, nighty-nighty, bedbugs bitey good night. See you later alligator, oops, an alleged convict, oops, an allegettress. Time to dream of fairies and sugar plums. Sweet dreams, make it sweeter dreams as you gonna be having nightmares, I guaranty.”
…and I am Sid Harth
Victor Johri (Guwahati)
Quite a decent leaving as compared to the milions of paupers leaving in the country.
R u not Exagerating ?? Why have you bothered to run this article of all, when this lady gets arrested, r u trying to make saintly, that she have abbetted all her luxuries for good of the society. And if its about the Jails, why have you not bothered to write an article up till date. Could you pls walk into road to pick some important story, that acting as political buero
ONCE she was inside her cell in Ward No. 8, Tihar Jail No. 6, this evening, a quiet Kanimozhi shared her fear -it was about her son.
“She told me she was worried about him. She is very close to him, and has never lived away from him for long periods,” said a police personnel who escorted Kanimozhi into her cell.
“Kanimozhi also said she felt odd without her nose-pin since she had worn it since she was 10 years old,” she added. Prisoners are required to deposit all their jewellery at the time of being admitted to prison.
Earlier, the son, Aditya, was brought in to meet his mother just after the court rejected her bail plea and minutes before she was taken away. In oversized glasses, the boy looked lost as his mother hurriedly whispered: “Be well till I return.” In court, her half-read copy of Orhan Pamuk’s My Name Is Red sat on a table across from her. Perhaps, the Tu rkish tale of intrigue and deceit told by multiple narrators will give her company in the cell. Her husband G Aravindam, who daily accompanied her to court, came forward to hug her before women constables whisked her away.
At Tihar, the women prison was abuzz with news of “Mahadevi” coming in. “She is the first VIP to come to the women’s jail in years so
we gave her the title. Also, a lot of inmates and police personnel here cannot pronounce her name,” said an official from Jail 6.
Kanimozhi made no special requests, not even about the food.
She reportedly asked if the only fan in her 10 X 10 ft cell was running, and did not make any other comments about the facilities. The cell is reserved for “first-timers”.
“The Superintendent and ward officials just took a round after the court order to ensure all arrangements were made,” an official from Jail 6 said. Her cell is right behind
that occupied by Madhuri Gupta, the senior IFS officer accused of spying, and next to the jail creche.
The other high-profile inmate of the jail, Sonu Punjaban, is lodged “right across” Kanimozhi.
Kanimozhi is lodged by herself in the cell, that has an attached bathroom. “The cell has a TV, like all other cells, a mat with a dari and blankets for bedding,” said Additional DG R N Sharma.
He added that security was his prime concern. “She is a sitting MP.
We have to give top priority to her security arrangements, that is why
we arranged a single cell for her,” Sharma said.
He denied there had been any special requests from DMK leaders who had dropped in to visit her.
“They wanted to show solidarity with their leader. We do not entertain any special requests, so that is out of the question,” he maintained.
Managing Director and CEO of Kalaignar TV Sharad Kumar, who was sent to jail along with Kanimozhi, has been lodged in a cell in Jail 4, the same jail where Suresh Kalmadi and other corporate bigwigs accused in the 2G scam have
Though the court has allowed her home-cooked food, the order is yet to reach jail authorities. “She only had dal-chaawal for dinner, and then read a Ta mil book she had bought for about half an hour,” a jail official added.
Kanimozhi reportedly has fourfive books, both in Ta mil and English, and some medicines. “She has a blood pressure problem. She bought some medicines for that,” an official said.
“She was calm and totally composed… The only special request
was for a pillow,” a source said. “We have given her two extra pillows…
We do not normally allow pillows, but authorities will take a decision tomorrow,” a jail official said.
A team of eight DMK MPs, including T R Baalu, came to Tihar jail about 15 minutes before Kanimozhi was herself brought in.
Apart from them, there was another query, by a fellow party member. According to jail officials, soon after the court order was passed, former telecom minister A Raja enquired “Which ward is she going to be kept?”. “Is she talking at all?”
My comment: Since my dear little Sis Kanimozhi, known for her very much ballyhooed poetic tendencies, I reckon, this very shabby piece of journalism in one of the most admired Indian media, namely The Wall Street Journal, oops, The Indian Express, copy writer must have forgotten to mention the name of the source. He/She is entitled to keep it a secret, as per journalists’ fundamental rights. However, I suspect that it was penned by Kanimozhi herself or at leat dictated by her. I admire this human touch gleefully introduced by oor copy writer. If I have to use the same liberty, oops, freedom in my own critique, I may have amended it. As a matter of fact I am. Are they disclosing her whereabouts and her desires for the public, especially those from her hometown, Chennai? Looks like it. This inside, oops, inside-out reporting cannot be true. As the sources involved are in the highly secure and protected Tihar jail and not on the facebook or Orcut. The little items like who is who in Tihar jail is a top secret and must be kept that way for the protection of all the inmates. They may use such information to have a Friday night indoor party with booze, bimboes/babes.banjoes and bandooks, oops Saturday night special sawed off double barrel guns. A Raja, it seems is worried about Kanimozhi. He ought to. He may be thinking about his future, a long and arduous future. Judging from his query, “Is she talking?” I am sure that she would soon fake a total amnesia, better yet, have a sudden heart murmer and request a quick transfer to the choicest hospital bedroom for her remaining days. More the merrier, I say.
…and I am Sid Harth
A seven-member National Authority for Communal Harmony, Justice and Reparation and similar authorities at the state-level with sweeping powers have been proposed by the Sonia Gandhiled National Advisory Council (NAC) today in its revised communal violence Bill.
The full NAC will discuss the Bill in its next meeting and pass it on to the Home and Law Ministries for the Centre to take a final view.
As per the 64-page draft, the Bill, now called Prevention of Communal and Targeted Violence (Access to Justice and Reparations) Bill, 2011, shall not just cover victims of communal riots but of sectarian violence, too.
It proposes to cover both isolated incidents as well as mass crime against people based on religious, caste, linguistic, regional and other identities. Also, under its ambit are offences targeted against SC/ST communities. The Bill is in the public domain to allow public feedback by June 4, 2011. No political parties have been consulted so far.
The proposed “National Authority”, which shall comprise of a chairperson, a vice chairperson and five other members, will have at least four women members and not more than two members will be retired public servants.
Members for this Authority are to be selected by the PM, Leader of the Opposition in the Lok Sabha, the Home Minister and a member each of all recognized national parties, “by a simple majority”.
In order to insulate members from politics, the draft says they should not be members of any political party for a year before their appointment and they can’t contest elections for two years after they finish their term in the authority.
According to the draft, this authority shall be assigned to prevent and control “any act or acts of communal and targeted violence including its build-up, incitement or outbreak thereof.” It shall also “monitor due investigation, prosecution and trial of offences under this Act in a fair and impartial manner,” besides ensuring relief, reparation and restitution in accordance with provisions of this Act in a fair and impartial manner. Some hours earlier, at her chosen time of 1.01 pm, Governor M K Narayanan had sworn Banerjee in as West Bengal’s first woman CM. “It’s an auspicious day. Friday. Jummabar (Muslim prayer day).
And for Hindus Friday is Santoshi Ma Day. I am fasting,” she told the Governor.
Thirty-six others took the oath of office and secrecy along with Banerjee -34 from the Trinamool, 31 of whom are ministers of Cabinet rank.
Kashi Nath Misra, who was on the Trinamool list announced last night, was dropped.
Only two of the seven Congress ministers took oath -state party chief Manas Bhuniya and legislature party leader Abu Hena. The Congress apparently could not decide on the other five names; sources said it was also bargaining with Banerjee for an eighth berth.
Two ministerial portfolios were announced relatively early in the evening -Finance and Planning to Amit Mitra, and Industry and Commerce to Partha Chatterjee.
At her press conference, the chief minister announced special packages for Junglemahal and the minorities, for which the government will seek the Centre’s assistance. A special committee will monitor and implement the 100 days’ work
AT 4.45 PM on Friday, Mamata Banerjee fought her way through a surging sea of political workers, supporters and ordinary citizens of Kolkata to enter Writers’ Buildings, returning as chief minister to the secretariat from where she was physically lifted and thrown into police lock-up by Bengal’s Marxist government 18 years ago.
Her moment of triumph was celebrated by thousands on the streets, cheering and screaming, pushing, jostling, breaking police barricades for a touch of the chief minister who walked through the human swirl to Writers’ from Raj Bhavan.
She smiled, waved and touched many hands. From up on the Writers’ balcony, not far from the office of the chief minister whose then incumbent, Jyoti Basu, had refused to meet her as she pleaded the case of a rape victim, she waved again.
She then plunged into her first day at work. At midnight, she had still not left the building.
Banerjee addressed her first press conference as chief minister at around 7 pm, an hour after she called the first meeting of her Cabinet. She made a series of announcements, beginning with her government’s decision to return 400 acres of land to unwilling farmers in Singur as soon as possible. The land is currently with Tata Motors.
The modalities of returning the land were ready, she told reporters.
To officials of the concerned department, she said, “This is the decision of the Cabinet. You must find a way to implement it. I want results.”
The Tatas, Banerjee said, were welcome to set up their factory on the remaining 600 acres. She has asked for details of the deal the Left Front government struck with them, she said. “Everything will be transparent under this government.” Making details of the deal public had been a major demand of her Singur agitation. scheme for the Junglemahal and ensure that BPL cards are distributed fairly, she said.
Asked if the operations of the joint forces against Naxals might be stopped, Banerjee said, “My answers to the Junglemahal problem are development and negotiations. The forces that you see now in Junglemahal are those who had come for the elections.” The problems of the Darjeeling hills would be addressed within three months, she said — the Centre, state and Gorkha Janamukti Morcha were already in talks. After the swearing-in, she had told GJM general secretary Roshan Giri that she would visit the hills soon. A separate committee will work for the development of North Bengal.
The Cabinet decided to implement the recommendations of the Justice Sachar Committee on the development of minorities. “Our government will talk to Justice Sachar and would like to invite him to help the state government implement schemes for minorities,” Banerjee said.
A special committee will srutinise the case of every political prisoner for “political vendetta”, the chief minister announced. Cases against the innocent would be withdrawn,
The swearing-in was attended by Union ministers Pranab Mukherjee and P Chidambaram, and AICC appointee for West Bengal Shakeel Ahmed.
The Left Front delegation was led by Buddhadeb Bhattacharjee and Biman Bose of the CPM. Bhattacharjee watched the proceedings silently from the front row; Bose told reporters that the Left would be a responsible opposition.
Industry was represented by Harsh Neotia, Sanjeev Goenka and Sanjay Budhia. A large number of foreign consulate officials, including American Consul General, Beth Payne, were present.
There was Manoranjan Malik, father of Ta pasi Malik, who was raped and killed in Singur, Meena Bhul, mother of Rajkumar Bhul, who died in police action in Singur, Santanu Gharai, son of Shyamananada Gharai, who was killed in Netai, and several other victims of the political violence of the past few years.
“Didi has invited my wife and me for this ceremony. We have pain in our heart for our daughter Ta pasi, who was raped and murdered by CPM goons. But we have hope that Didi will get us justice,” said Malik.
NCW says women molested in Bhatta-Parsaul, seeks CBI probe
New Delhi, May 21, (IANS):
Backing Congress general secretary Rahul Gandhi’s claim that women were molested in Uttar Pradesh’s Bhatta-Parsaul village, the National Commission for Women (NCW) Saturday demanded a Central Bureau of Investigation (CBI) probe into the matter.
“Our team recently went to Bhatta-Parsaul village where they claimed to have seen the bones of human beings. We have prepared a preliminary report which states that the women in the village have been molested and sexually assaulted but for now we cannot say that they have been raped,” NCW chairperson Yasmin Abrar told reporters here.
The women rights body would be submitting their report to Prime Minister Manmohan Singh, she added.
“We need CBI enquiry into the matter and we do not believe the forensic investigation done by the government in Agra,” Abrar said.
An 11-member team comprising retired judges, lawyers, social activists, civil society members and some NCW members would be visiting the village in a couple of days. The village in Greater Noida, near the Indian capital, has become the epicentre of the movement against land acquisition for an expressway project.
Rahul Gandhi had staged a daylong sit-in to back the farmers’ demand for higher compensation after a clash had seen four people, including two policemen, being killed.
Gandhi had also met Manmohan Singh with a delegation of farmers from Bhatta-Parsaul and handed over pictures of ashes with bones, injured people and ransacked houses. He had quoted villagers speaking of ‘mass murders, repression and rapes’ by the police in the village.
Published on Sat, May 21, 2011 at 13:00 | Source : Moneycontrol.com
Updated at Sat, May 21, 2011 at 13:12
BSE | NSE 20/05/11
KRChoksey is bullish on Larsen and Toubro (L&T) and has recommended buy rating on the stock with a target of Rs 2160 in its May 20, 2011 research report.
“Larsen and Toubro (L&T), operating income of the company grew by 13.2% during the quarter against our expectation of 18% growth. However, company delivered on the profitability with EBITDA margins at 15.2%, a marginal growth of 12 bps YoY, despite provisions and forex losses amounting to Rs. 300 crore. Order inflows during quarter were a positive surprise at Rs. 30,313 crore up 27% YoY against a market expectation of Rs. 20,000 crore. As for FY11 L&T top line grew by a healthy 18.6% even in face of challenging business environment with macro concerns of high cost of capital and operational issues such as environmental clearance and land acquisition for power projects. Operating margins for FY11 remained effectively flat at 12.8% with a marginal decline of 20 bps YoY. Order inflows for the FY11 were up 15% to Rs. 79,769 crore with infrastructure and Power amounting to 70% of order inflows. Order book for the company at the end of FY11 stood at ~Rs. 1 30,000 crore giving it a revenue visibility of ~3 years.”
“Hydrocarbon segment order inflows declined by 60% in FY11 to Rs. 5,583 crore affected by the slow down in capex and increased competition from Indonesian and Malaysian players. However, going forward we expect down stream and up stream capex to pick up as crude oil prices have sustained over USD 90/ barrel for over a quarter now. Company has guided that there is an immediate opportunity of Rs. 18,000-20,000 crore in domestic market as refining and gas majors Reliance, IOC and GAIL are planning for expansion. Further, company is bidding aggressively in middle east and has bid for projects worth Rs. 15,000 crore. EPC of fertiliser plants is an opportunity worth Rs. 9,000 crore in the medium term a s the likes of IFFCO and RCF are going ahead with capacity expansion.”
“L&T has positively surprised the market in terms of order inflows and operating performance in a very challenging macro enviroment.We expect the earnings to grow by 18.9% and 26% in FY12 and FY13, respectively , in light of strong order book and investment pipeline in Infrastructure sector. We believe that L&T is best placed among its peers to capitalise on India’s infrastructure capex on back of its EPC capability across the verticals from Power, Ports, Airport, Oil & Gas, Building construction, Roads and highways. We have valued the company at ~30x FY12 earnings to arrive at a target price of Rs. 2160, an upside of 31% from the current levels,” says KRChoksey research report.
Quarterly Shifts by Morgan Stanley
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management.Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment
Tags: Larsen and Toubro, L&T, KRChoksey, Recommendation
Attachments : LT_KRC_210511.pdf
India Equity Institutional Research | Engineering & Capital Goods Result Update
Larsen & Toubro Ltd Rs 1,652
Sharp uptick in the order inflows Buy
Operating income of the company grew by 13.2% during the quarter against our
expectation of 18% growth. However, company delivered on the profitability with
EBITDA margins at 15.2%, a marginal growth of 12 bps YoY, despite provisions and forex
losses amounting to Rs. 300 crore. Order inflows during quarter were a positive
surprise at Rs. 30,313 crore up 27% YoY against a market expectation of Rs. 20,000
crore. As for FY11 L&T top line grew by a healthy 18.6% even in face of challenging
business environment with macro concerns of high cost of capital and operational issues
such as environmental clearance and land acquisition for power projects. Operating
margins for FY11 remained effectively flat at 12.8% with a marginal decline of 20 bps
YoY. Order inflows for the FY11 were up 15% to Rs. 79,769 crore with infrastructure
and Power amounting to 70% of order inflows. Order book for the company at the end
of FY11 stood at ~Rs. 130,000 crore giving it a revenue visibility of ~3 years.
Order inflows surprise on the upside
Order inflows during Q4FY11 was up 27% to Rs. 30,313 crore largely helped by the partial
booking of orders from Hyderabad metro (Rs. 5900 crore) and large construction orders
from steel plants. Orders from infrastructure, Power and Process segments grew by 61%,
11% and 41%, respectively during FY11 despite the challenging macro environment of higher
cost of capital, state elections in 5 states (Slowed down the decision making),
environmental clearance and land acquisition for Power projects. Company has given a
guidance of 15-20% growth in order inflows in FY12.
Hydrocarbon segment inflows to be strong in FY12
Hydrocarbon segment order inflows declined by 60% in FY11 to Rs. 5,583 crore affected by
the slow down in capex and increased competition from Indonesian and Malaysian players.
However, going forward we expect down stream and up stream capex to pick up as crude
oil prices have sustained over $90/ barrel for over a quarter now. Company has guided that
there is an immediate opportunity of Rs. 18,000-20,000 crore in domestic market as
refining and gas majors Reliance, IOC and GAIL are planning for expansion. Further,
company is bidding aggressively in middle east and has bid for projects worth Rs. 15,000
crore. EPC of fertiliser plants is an opportunity worth Rs. 9,000 crore in the medium term
as the likes of IFFCO and RCF are going ahead with capacity expansion.
Margins to remain stable in FY12
Company has guided for stable margins in FY12 with a downward bias of 50-75 bps in face
of rising commodity prices and intense competition. L&T has taken steps to improve its
sourcing and supply chain management along with process and cost optimization measures
to offset rise in input cost. We expect company to have margins in the range of 11.5-12.5%.
Our View & Valuation–
L&T has positively surprised the market in terms of order inflows and operating
performance in a very challenging macro enviroment.We expect the earnings to grow by
18.9% and 26% in FY12 and FY13, respectively , in light of strong order book and
investment pipeline in Infrastructure sector. We believe that L&T is best placed among its
peers to capitalise on India’s infrastructure capex on back of its EPC capability across the
verticals from Power, Ports, Airport, Oil & Gas, Building construction, Roads and highways.
We have valued the company at ~30x FY12 earnings to arrive at a target price of Rs. 2160,
an upside of 31% from the current levels
Key Financials Rs crore
Particulars FY10 FY11 FY12E FY13E
Operating Income 37,035 43,905 54,003 67,503
growth% 9.1% 18.6% 23.0% 25.0%
EBITDA 4,816 5,623 6,594 8,364
growth% 22.8% 16.8% 17.3% 26.8%
Adj. PAT 3,165 3,625 4,310 5,432
growth% 16.8% 14.5% 18.9% 26.0%
EBITDA margin 13.0% 12.8% 12.2% 12.4%
PAT margin 8.5% 8.3% 8.0% 8.0%
EPS 49.8 58.4 70.8 87.5
P/E 33.2 28.3 23.3 18.9
Source: Company, KRChoksey Research
Price Outlook: Rs 2,160
Market Data May 20th, 2011
Shares outs (Cr) 60.89
Equity Cap (Rs Cr) 121.77
Mkt Cap (Rs Cr) 100,402
52 Wk H/L (Rs) 2,212/1,371
Avg Vol (1yr avg) 1,592,800
Face Value (Rs) 2
Bloomberg Code LT IN
May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11
Share Holding pattern (%)
Particulars Mar-11 Dec-10 Chg
Promoters 0.00 0.00 0.00
FIIs 15.18 16.60 -1.42
DIIs 37.50 37.19 0.31
Others 47.32 46.21 1.11
Total 100.0 100.0
℡ 91-22-6696 5569
℡ 91-22-6696 5555
℡ 91-22-6696 5203
- No comments yet.