FDI in retail to safeguard international market mafias' interest: BJP

NEW DELHI: India's main opposition Bharatiya Janata Party (BJP) today said retail reform is a step taken by the Congress led-federal government to safeguard the interests of the international market mafias at the cost of national interest.

BJP vice president Mukhtar Abbas Naqvi said on Saturday that voting inside the parliament would decide as to who is in favour of national interest and who is working for international interests.

"The government feels that their responsibility is to safeguard the interest of international market mafias instead of national interest and for saving the interest of international market mafias, the government is ready to compromise with national interests. Now, the parliament will decide as to who is in support of international market mafias and who are supporting national interests," said Naqvi.

The government's decision to allow foreign supermarket chains such as Wal-Mart had triggered protest not only from opposition parties but also from some of its allies.

BJP had sought debate on the issue of allowing Foreign Direct Investment (FDI) in the retail sector, under the rule that entails voting after discussions.

Meanwhile, Minister in the Prime Minister Office (PMO), V Narayanaswamy said the government would answer all the queries raised by the opposition parties in the parliament and will explain the benefits of allowing FDI in retail sector.

The lower house of parliament has set December 04 and 05 as the date to vote and debate on FDI. The dates for the upper house are yet to be decided.

Narayanaswamy said the government is confident of becoming victorious in the debate.

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Photos: Kilauea Lava Reaches the Sea

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  Into the Sea

  Photograph by Hugh Gentry, Reuters

  A spectacular natural phenomenon was on display early this week as lava from a vent in Hawaii's Kilauea volcano flowed into the ocean, sending up plumes of steam as it made contact with the waves.

  Though lava can still be viewed from Kalapana near the Big Island's Hawai'i Volcanoes National Park, ocean entry is no longer occurring, according to the National Park Service.

  Published November 30, 2012

  
  











• 
  
  
  
  
  
  
  

  Sea of Fire

  
  Photograph by Hugh Gentry, Reuters
  

  The lava traveled 7 miles (11 kilometers) from Kilauea’s Pu'u O'o vent to the ocean. When lava reaches the water, it cools and hardens, forming a lava delta that can be dangerous to nearby onlookers, according to Reuters.

  The news service reported that no communities on the Big Island were threatened by the lava flow.

  Published November 30, 2012

  
  











• 
  
  
  
  
  
  
  

  Volcanic Flare

  
  Photograph by Hugh Gentry, Reuters
  

  A burst of volcanic activity erupts from Kilauea’s crater in Hawai’i Volcanoes National Park on November 27.

  The volcano has been erupting continuously for nearly 30 years. No major damage has been suffered by a town since 1986, according to Reuters.

  Published November 30, 2012

  
  











• 
  
  
  
  
  
  
  

  Fiery Encounter

  Photograph by Hugh Gentry, Reuters

  “Ocean entries are beautiful but dangerous,” said Janet Babb, spokeswoman for the U.S. Geological Survey's Hawaiian Volcano Observatory, in a statement reported by Reuters. She warned that the steam could be more hazardous than it appears.

  Published November 30, 2012

  
  











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  Point of Contact

  
  Photograph by Matt Northam, My Shot
  

  A plume of smoke billows where lava from Kilauea meets the sea in this aerial photo taken November 27.

  Published November 30, 2012

  
  











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  Photograph by Peter Vancoillie, Your Shot

  Published November 30, 2012

  
  

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Police: KC Chiefs Player Killed Girlfriend, Self

Jovan Belcher, a linebacker for the Kansas City Chiefs, committed suicide today in front of his coaches and police officers outside the team's stadium, shortly after he fatally shot his girlfriend, police said.

"We heard that they had been arguing in the past [and] as far as recently, they'd been arguing before the shooting occurred this morning," Kansas City Police spokesman Darin Snapp told ABC News Radio.

The victim was identified Kasandra Perkins, 22. Snapp said the couple had lived together and had a 3-month-old daughter.

Perkins' mother first alerted police this morning that her daughter had been shot by her boyfriend, who was a Kansas City Chiefs player, Snapp said.

It is believed Belcher drove to Arrowhead Stadium shortly after the shooting and police were called.

"When the officers arrived, when they were pulling up, they actually observed a black male who had a gun to his head and he was talking to a couple of coaches out in the parking lot," Snapp said. "As officers pulled up, and began to park, that's when they heard the gunshot and it appears the individual took his own life."

Snapp said the coaches told officers they didn't feel they were in any danger from Belcher.

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"They said the player was actually thanking them for everything they'd done for him," he said. "They were just talking to him and he was thanking them and everything. That's when he walked away and shot himself."

Kansas City is scheduled to host the Carolina Panthers on Sunday, and the league has told the Panthers to go ahead with their travel plans because the game will be played as scheduled.

In a statement posted on their website, the Chiefs said they are "cooperating with authorities in their investigation" and did not mention Belcher by name.

The 6-foot-2, 228-pound linebacker joined the Kansas City Chiefs in 2009, and had spent all four seasons of his career with the team. He has played every in game since joining the team.

Originally from West Babylon, N.Y., where he was a three-time all-America wrestler in addition to playing on the football team, Belcher went undrafted out of the University of Maine, where he started all 45 games in which he played.

Maine Head Football Coach Jack Cosgrove described Jovan as a "tremendous student-athlete."

"His move to the NFL was in keeping with his dreams," Cosgrove said in a statement released by the university today. "This is an indescribably horrible tragedy. At this difficult time, our thoughts and prayers are with Jovan, Kasandra and their families."

Belcher signed with the Chiefs as a rookie free agent, started 15 of 16 games his second season and last year started all 16 games as left inside linebacker.

Belcher expressed gratitude for his NFL career in an article posted on Nov. 21 on the Chiefs' website that has since been taken down.

"First and foremost, God. Family and friends just keeping me focused, coaches and just everyone," he said.

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Obama seeks Aug. 1 deadline for tax reform

President Obama is seeking an Aug. 1 deadline for overhauling the tax code and making changes to expensive federal health programs, the final pieces of what the administration conceives as a far-reaching plan to rein in the national debt, senior administration officials said Friday.

The proposed deadline was included in a plan Treasury Secretary Timothy F. Geithner delivered to Capitol Hill on Thursday as Obama’s opening bid in talks with congressional Republicans to avert the year-end “fiscal cliff.”

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Mexico's incoming president unveils cabinet

MEXICO CITY: Mexico's incoming president Enrique Pena Nieto named his cabinet Friday, picking close advisors for key posts managing the drug war and the economy on the eve of his inauguration.

Pena Nieto takes the oath of office on Saturday, marking the return of the Institutional Revolutionary Party (PRI) after a 12-year absence from the presidency. The PRI ruled Mexico for most of the 20th century.

His 20-member cabinet includes only three women, a few independents from the left and one holdover from the administration of President Felipe Calderon of the conservative National Action Party (PAN).

The cabinet was presented by Miguel Angel Osorio Chong, a 48-year-old former Hidalgo state governor and friend of Pena Nieto's who will become interior minister, one of the most high-profile jobs.

Pena Nieto wants to bestow more powers to the interior ministry, giving it the responsibility of coordinating a drug war that has left more than 60,000 people dead in the last six years.

The congress, however, must still approve changes that will transfer the responsibilities of the public security ministry, including the scandal-plagued federal police, to the interior ministry.

The new finance minister will be Luis Videgaray, a 44-year-old economist who is considered the "brain" of the new president's circle. Videgaray managed Pena Nieto's campaign and headed the transition team.

His tasks will include steering structural reforms that the next president wants to implement in order to boost the economy.

Pena Nieto also decided to bring on board Calderon's finance minister, Jose Antonio Meade, who will become foreign minister, handling ties with the world, especially the United States, Mexico's powerful neighbor and drug war partner.

-AFP/ac

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Around 40% states still have more than 5% as stamp duty

NEW DELHI: The Comptroller and Auditor General's (CAG) audit into Centre's urban renewal programme - Jawaharlal Nehru National Urban Renewal Mission (JNNURM) -- has shown that 40% of states and Union Territories have failed to rationalize stamp duty to 5% for property registration. The defaulting states include Delhi, Haryana, West Bengal, Karnataka, Kerala and Chhattisgarh.

High stamp duty discourages property registration at actual or market value and thereby increases scope of black money in the realty sector.

As per JNNURM norms, stamp duty was to be brought down to 5% or less, including surcharges by local municipal bodies, during implementation of the programme. "It was expected that a reduction in the rate would help develop a healthy real estate market, by providing a boost to the economy, and reduce black money. It was expected that reduction in stamp duty rates would lead to an increase in revenue both for the states and urban local bodies," the report said.

The CAG found that out of 30 states/UTs selected for scrutiny, only 16, including Andhra Pradesh, Chandigarh, Gujarat, Maharashtra, Punjab, Uttar Pradesh and Rajasthan had either 5% or less as stamp duty.

The report mentioned that in the case of Uttarakhand, stamp duty was reduced to 5% for men and 3.5% for women. On the contrary, in Haryana, stamp duty is 7% (5% plus 2% as local body surcharge) for men and 5% for women, including 2% surcharge for local bodies

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Pictures: Mysterious Maya Tomb Explored for First Time

Photograph courtesy Héctor Montaño, INAH

Sporting an elaborate headdress and shield, the Palenque king named Kan Bahlam, or Snake Jaguar, is depicted on one of the tomb walls.

Eight other figures are depicted as well, "each probably a different royal ancestor of the tomb occupant," said Stuart.

"The imagery of nine ancestors seems to have been a theme repeated in other Palenque royal tombs, such as Pakal's own huge one in the Temple of the Inscriptions."

The region's most famous king, Pakal, came to power in A.D. 615 at age 12 and ruled until he was in his 80s. He turned Palenque into a thriving, world-class city. Because Pakal built over much of what existed before him, little is known about the time prior to his ascension to power.

If this tomb predates the famous king, as INAH and Stuart suspect, its contents could offer clues about life in pre-Pakal times.

It's unclear yet what might be found inside, but it's "cool enough," said Stuart, that there's now "firm archaeological evidence of a Palenque ruler from the years before Pakal's reign."

(Read about the rise and fall of the Maya in National Geographic magazine.)

Published November 30, 2012

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Obama Warns of 'Scrooge Christmas' Without Deal

President Barack Obama gestures as he speaks at the Rodon Group, which manufactures over 95% of the parts for K' NEX Brands toys, Nov. 30, 2012, in Hatfield, Pa. (Susan Walsh/AP Photo)

HATFIELD, Pa. — President Obama today accused Republicans of putting Americans at risk of a “Scrooge Christmas” if they fail to extend middle class tax cuts, telling workers in Pennsylvania that a tax increase would be like a “lump of coal.”

“This is not some run-of-the-mill debate. This isn’t about which political party can come out on top in negotiations. We’ve got important decisions to make that are going to have a real impact on businesses and families all across the country,” the president said.

Obama made his remarks about the negotiations to avert the impending “fiscal cliff” as he stood before piles of toys at the Rodon Group factory, which manufactures Lincoln Logs, K’Nex and Angry Bird toys.

“I’ve been keeping my own naughty and nice lists for Washington. So you should keep your eye on who gets K’NEX this year,” he quipped. “There are going to be some members of Congress who get them, and some who don’t.” One day after the fiscal cliff talks between the White House and House Republicans took a turn for the worse, the president admitted there are going to be “some prolonged negotiations” to get the deficit under control because “you know, in Washington, nothing’s easy.”

“We’ve got some disagreements about the high-end tax cuts, right?” he said of his insistence on raising taxes on the top 2 percent as part of a broader deficit reduction deal. “That’s a disagreement that we’re going to have and we’ve got to sort out. But we already all agree, we say, on making sure middle-class taxes don’t go up. So let’s get that done. Let’s go ahead and take the fear out for the vast majority of American families so that they don’t have to worry about $2,000 coming out of their pockets starting next year.”

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Shortly after the president spoke, House Speaker John Boehner told reporters on Capitol Hill, “There’s a stalemate. Let’s not kid ourselves. I’m not trying to make this more difficult. If you’ve watched me over the last three weeks, I’ve been very guarded in what I had to say, because I don’t want to make it harder for me or the president or members of both parties to be able to find common ground.”

As Americans head out to shop for the holidays, the White House has warned consumer spending would take a hit of $200 billion in 2013, or roughly 1.4 percent of the GDP, if Congress could not reach a budget deal by the end of the year. As he did earlier this week, the president enlisted the help of Americans to pressure lawmakers to act on middle class tax cuts and said he’s ready to do his part. “If we can just get a few House Republicans on board, we can pass the bill in the House, it will land on my desk, and I am ready. I’ve got a bunch of pens ready to sign this bill… There are no shortage of pens in the White House,” he joked.

On Thursday, the White House put forth a proposal of $1.6 trillion in tax increases over the next 10 years, $50 billion in new stimulus spending, $400 billion in unspecified Medicare cuts, and a measure to effectively end Congress’s ability to vote on the debt limit. The offer, which closely mirrors the president’s previous deficit-reduction plans, lacked concessions to Republicans including detailed spending cuts and was strongly rejected.

Get More Political Analysis from ABC’s The Note

Factories like the Rodon Group’s will see a tax increase if a deal is reached in Democrats’ favor. But K’Nex CEO Michael Araten told ABC News his third-generation company wouldn’t be forced to change practices and had planned several years in advance to compensate for any tax increase.

“If on an individual basis we have some taxes we’ll deal with that,” he said. “But we don’t think that an incremental difference of 2 or 3 percent will meaningfully move our budgets in a way that impacts our hiring or investment plans. Everyone who has a job is going to have a job on Jan. 1 whether we go over the cliff or not.”

Striking into the Obama tour’s territory, today Majority Whip. Rep. Kevin McCarthy circulated a video of another Pennsylvania small business owner, Jerry Gorski of Gorski Engineering, explaining how the tax increase on the top 2 percent of income earners would harm his establishment.

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Motor Racing: Ecclestone blasts Vettel row as 'joke'

LONDON: Formula One supremo Bernie Ecclestone on Thursday blasted the controversy surrounding world champion Sebastian Vettel's Brazilian Grand Prix overtaking manoeuvre as a "joke".

Ferrari had contacted Formula One's governing body, the FIA, concerning the move by the Red Bull driver during last weekend's season-ending Brazilian Grand Prix that won him a third successive title.

There had been speculation that the manoeuvre could have been illegal and, if so, Vettel could have been sanctioned and thereby stripped of his title in favour of Ferrari's Fernando Alonso who missed out on the championship by just three points.

But Formula One ringmaster Ecclestone said it was a shame that the climax to the season had been overshadowed by the row.

"It's a shame because everything had gone so well," he told the Daily Telegraph.

"It was a super race, a super championship. Now everyone is talking about this. The problem is that no-one knows what is going on."

Earlier Thursday, the respected Autosport magazine said there was "no doubt" at the FIA that Vettel had overtaken legitimately on lap four of the race because a green flag had already been displayed in the yellow flag sector, allowing drivers to resume passing.

No team had asked for a review of the incident, it added.

"In the rules and regs normally you have to protest," added Ecclestone.

"They (Ferrari) missed that time. Then there is the fact that a green flag was shown, which nobody seems to dispute. It's a complete joke. What they are saying in that letter is wrong. I don't think there needs to be any action taken. It's completely and utterly wrong."

On Wednesday, footage emerged on YouTube which appeared to show Vettel, the youngest triple world champion in history, overtaking Toro Rosso's Jean-Eric Vergne under yellow flags.

Overtaking under caution is outlawed and is usually punished with a drive-through penalty.

But in cases where the infringement is not spotted, the sanction is a 20-second penalty handed out retrospectively.

Vettel was sixth in Sunday's rain-lashed race, while double world champion Alonso was second behind McLaren's Jenson Button.

Ferrari said they had wanted the FIA to clarify the rules.

"Ferrari asked, by means of a letter, for a clarification from FIA regarding VET's (Vettel's) overtaking move on VER (Vergne) during lap 4 of the Brazilian GP," the Italian team said on its Twitter account @insideferrari.

Vettel's victory had already been overshadowed by claims from Ferrari that Alonso should have been crowned champion, pointing to controversial races in Belgium and Japan to support their argument.

Ferrari team principal Stefano Domenicali said that Alonso paid a heavy price for first lap exits in Belgium and Japan where he was shunted out of contention by Lotus duo Romain Grosjean and Kimi Raikkonen respectively.

The Italian giants had been further aggrieved when Vettel, accused of blocking Alonso in qualifying in Japan before going on to win the race, escaped with just a reprimand.

Vettel refused to get involved in a war of words although he did allude to his rivals' controversial decision in Texas to change the gearbox on Felipe Massa's Ferrari in order to allow Alonso to enjoy a starting advantage on the grid.

"A lot of people tried to play dirty tricks but we did not get distracted by that and kept going our way and all the guys gave a big push right to the end," Vettel said.

-AFP/ac

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White paper on irrigation a dud, Maharashtra skirts corruption

MUMBAI: The much-awaited white paper on irrigation, which was placed before the state cabinet on Thursday, has turned out to be a dud. As expected, it skirts the core issue of corruption and irregularities in the water resources department, and merely collates data on projects approved in the last decade.

Addressing a news conference on Thursday night, chief minister Prithviraj Chavan said the two-volume report, which was not discussed in the cabinet meeting — with observers saying it was part of a Congress strategy — will be uploaded on the state government's website by Friday. The first volume addresses issues pertaining to land brought under irrigation, while the second sheds light on big and medium projects executed by five state irrigation corporations.

NCP leader Ajit Pawar, who resigned as deputy chief minister last September following a series of exposes in TOI, is believed to be desperate to make a comeback in the government based on the findings of the white paper, which many in official circles described as a "whitewash". Pawar was the state's water resources minister between 1999 and 2010, when most of the dubious contracts were awarded to select contractors. Political sources said infighting between rival groups in the NCP may scuttle Pawar's re-entry plans.

According to an estimate, as much as Rs 35,000 crore may have been siphoned off by the politician-bureaucrat-contractor nexus in dud irrigation projects in the past ten years.

Government sources said only a criminal investigation will unravel the extent of the scam, described as the largest in Maharashtra's history.

"If there is an independent judicial inquiry, the Democratic Front government will collapse, considering the involvement of powerful politicians and officials," they said.

As reported by TOI on Thursday, the white paper has justified irrigation project cost escalations, blaming them on delays in relief and rehabilitation, land acquisition and environmental clearances. It says the escalations were commensurate with hikes approved for similar projects in other states.

Debunking the claim that Rs 70,000 crore was spent on irrigation projects in the past ten years, the document puts the figure at just Rs 42,000 crore. The paper, prepared by the state water resources department, claims that of this amount, Rs 30,000 crore was spent towards relief and rehabilitation; Rs 5,000 crore is shown under administrative expenses. The paper adds that over 30% of the relief and rehabilitation cost went towards projects that are yet to be completed. It is pertinent to note that departments controlled by the Congress are responsible for relief and rehabilitation and land acquisition.

The paper says 69 ongoing mega projects and 189 medium projects were taken up under the Accelerated Irrigation Benefit Programme (AIBP) and bore approvals of the Central Water Commission and the Planning Commission. It says the central agencies ratified the cost escalations.

The paper says the scheduled rates for materials used by the department while awarding contracts (department scheduled rates) were lower than those used for similar projects in other states and also less than rates used by other agencies in Maharashtra like the public works department and the MMRDA.

The paper claims that the scope of project work was often increased on account of demand from local politicians. The document gives status reports for mega projects, including details like original cost, escalations and their reasons.

Of the state's 226 lakh hectares of cultivable land, the white paper says irrigated land stood at 48.5 lakh hectares in 2010, which it says is a 28% increase from 2001 when the area was 37 lakh hectares. The paper says the cropped irrigated area (the ratio of irrigation potential generation to land under irrigation) grew by 5.17% during the ten-year period.

According to the economic status report (ESR), the cropped irrigated area only rose by 0.1% during this period (from 17.8% in 2001 to 17.9% in 2010). The chief minister had cited ESR data while asking the department to prepare the white paper in May this year.

The paper also refuted allegations that the department had created liabilities worth Rs 70,000 crore. It said that while projects worth Rs 80,000 crore were in the pipeline, liabilities had been booked only for Rs 35,000 crore.

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