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Archive for June, 2007

Phool Gobi Aur Mattar ki Subzi

Wednesday, 27th June, 2007

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A coconut based curry gives this cauliflower a unique and delicious taste.

A bit of a change from your usual aloo Gobi recipe.

 

Preparation time: 15 minutes

Cooking time: 11 minutes

Serves 4

Ingredients

 

2 cups cauliflower, cut into small florets

1 cup green peas

2 bay leaves

4 tablespoons tomato puree

2 tablespoons fresh curds

1/2 teaspoon sugar

3 tablespoons oil

    salt to taste.

 

To be ground into a paste

1 onion

2 tablespoons fresh coconut, grated;

2 cloves garlic

2 teaspoons coriander (dhania) seeds

1 teaspoon cumin seeds Ueera); 12 mm

(1/2″) piece ginger

2 teaspoons poppy seeds (khus-khus)

4 whole red chillies

 

Method

 

In a microwave safe bowl, combine 2 tablespoons of oil and the cauliflower. Cover with a lid and microwave on HIGH for 4 minutes. Remove and keep aside.

 

In the same bowl, combine the green peas with 2 tablespoons of water and microwave on HIGH for 1 minute.

 

In another microwave safe bowl, add the remaining 1 tablespoon of oil, the bay leaves and the prepared paste and microwave on HIGH for 2 minutes.

 

Add the tomato puree, curds, cauliflower, green peas, sugar, 1/2 cup of water and salt and microwave on HIGH for a further 4 minutes until the vegetables are soft. Serve hot.

Malai kofta

Monday, 25th June, 2007

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An unusual non-fried version of koftas. Use fresh paneer for best results.

 

Preparation time: 25 minutes

Cooking time: 19 minutes

Serves 4

Ingredients

 

For the koftas

 1 cup paneer (cottage cheese), crumbled

 1 tablespoon plain flour (maida)

   A pinch baking powder

2 green chillies, chopped

2 tablespoons coriander, chopped

   Salt to taste.

 

For the gravy

 4 medium tomatoes

1 cup milk

1/4 cup cream

1 tablespoon kasuri methi;

1 tablespoon oil;

  Salt to taste.

 

To be ground into a paste

1/4 cup onions, sliced

3 cloves garlic

2 green chillies

2 dry red chillies

2 teaspoons coriander seeds (dhania)

1 teaspoon cumin seeds Ueera)

1″ ginger piece; 2 cloves (Iaung)

(1 “) stick cinnamon (dalchini)

 

For the garnish

 2 teaspoons chopped coriander.

 

 

 

Method

 

For the koftas:

Mix paneer, plain flour, baking powder, chillies, coriander & salt.

 

Shape into 8 small rounds and place them on a greased microwave safe plate. Microwave

on HIGH for 45 seconds and keep aside.

 

For the gravy:

Pierce the tomatoes lightly with a fork, place in a microwave safe dish and microwave on HIGH for 4 minutes. Remove and cool.

 

Blend the tomatoes to a smooth puree and keep aside

 

In another microwave safe bowl, add the oil and the ground paste and microwave on HIGH for 5 minutes, stirring once after 2&1/2 minutes.

 

Add the tomato puree and microwave on HIGH for another 5 minutes stirring once in between after 2&1/2 minutes.

 

Add the milk, cream, kasuri methi & salt and microwave on HIGH for 2 more minutes.

 

How to proceed:

 

Just before serving, add the koftas to the gravy and microwave on HIGH for 2 minutes. Serve hot garnished with the coriander.

 

Instant Rabdi

Sunday, 24th June, 2007

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Milk thickened with fresh bread crumbs to give you an instant Rabdi.

 

Preparation time: 10 minutes

Cooking time: 7 minutes

Serves 4

 

Ingredients

 

2 cups milk

½ cup fresh bread crumbs

¼ cup condensed milk

2 tablespoons sugar

1/4 teaspoon cardamom (elaichi) powder

½ teaspoon cornflour mixed in 1 tablespoon milk.

 

Method

 

Combine the milk, bread crumbs, condensed milk, sugar and cardamom powder in a deep microwave safe bowl and microwave on HIGH for 5 minutes stirring once in between after 2 minutes.

 

Add the cornflour paste and microwave on HIGH for 2 minutes stirring once in between.

 

Cool and serve chilled.

 

Handy tips:

Fresh bread crumbs are made by crumbling the fresh bread slices after discarding the crusts.

 

Fill the microwave safe bowl to only ¼  of its height, leaving enough space for the milk to rise in microwave, without spilling over.

Green Peas Dhokla

Saturday, 23rd June, 2007

Easy and delicious dhoklas that are made more nutritious with the addition of green peas. Serve this with green chutney to make a sumptuous snack.

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Preparation time: Few minutes

Cooking time: 5′/2 minutes

Makes 1 dish

Ingredients

 

1/2 cup Bengal gram flour (besan)

1/2 cup green peas (boiled)

1 teaspoon ginger-green chilli paste

1 tablespoon powdered sugar

1/2 cup water

1/4 teaspoon citric acid (crystals)

3/4 teaspoon Eon’s fruit salt

     Salt to taste.

 

For the tempering

 1 tablespoon oil

 1 teaspoon mustard seeds (rai)

 2 green chillies, finely chopped

     a pinch asafoetida (hing)

 1 tablespoon water

 

For the garnish

 1 tablespoon chopped coriander;

 1 tablespoon grated coconut.

 

Method

 

Puree the green peas to a smooth paste using a little water.

 

Add all the other ingredients to the green pea paste and mix well.

 

Pour into a 150 mm. (6″) diameter and 25 mm. (1″) HIGH, greased microwave safe dish with a lid and microwave on HIGH for 3 minutes, covered.

 

Remove and let it stand for 2 minutes.

 

 

For the tempering

 

Combine the oil and the mustard seeds in a small microwave safe bowl.

 

Cover with a lid and microwave on high for 1&1/2 minutes.

 

Add the green chillies and asafoetida and microwave on HIGH for 1 more minute.

 

Remove from the microwave and add 1 tablespoon of water.

 

How to proceed

 

Spread the tempering over the dhoklas and cut into square pieces.

 

Garnish with coriander and coconut.

 

Serve hot.

 

Bahai Lotus Temple

Wednesday, 20th June, 2007

Bahai Lotus Temple
Nehru Place, New Delhi

Bahai Lotus Temple

In the heart of New Delhi, located in Kalkaji, south of Delhi, shaped like a half opened Lotus flower, this temple is made of marble, cement, dolomite and sand. It is open to all faiths and is an ideal place for meditation and obtaining peace and tranquility. Bahai’s Temple is a marvel of modern architecture, which is visible from several spots in south Delhi. The lotus flower signifies purity and peace, a representation of the manifestation of God, to the people of India. This ancient symbol has been given a modern and contemporary form in the structure of the Bahai House of Worship drawing into its sanctum sanctorum people from all races, religious backgrounds and culture from around the globe.

It represents the Bahai faith, - an independent world religion; divine in origin, all embracing in scope, broad in its outlook, scientific in its method, humanitarian in its principles, and dynamic in the influence. It is a very recent architectural marvel of the Bahai faith.

Since its inauguration to public worship in December 1986, the Bahai House of worship has drawn to its portals more than 50 million visitors, making it the most visited edifice in the world. People have come regardless of the scorching summer heat of Delhi, which sometimes rises above 40°C during the months of June to September, and have braced the chill and cold rains that Delhi experiences during winter. They have admired the beautiful lotus form of the Temple, and have been fascinated by the teachings of the Bahai Faith, which believes in oneness of God, oneness of religions and oneness of mankind.

Bahai Lotus TempleIn the raising of the House of Worship in New Delhi traditional Indian means of construction were employed coupled with the most modern Western engineering design. Fariborz Sahba, Canadian architect of Iranian origin, spent 10 years in designing and project management, and with the help of a team of about 800 engineers, technicians, artisans and workers brought to realisation one of the most complicated constructions in the world. Rising pure and unsullied above stagnant, muddy waters, the Indians have seen this flower as worthy of emulation, teaching them to be detached from material preoccupations. This temple joins six other Bahai temples around the world. Each of these Houses while sharing some basic design concepts has its own distinct cultural identity embodying the principle of unity in diversity. The structure of the House is composed of three ranks of nine petals; each springing from a podium elevating the building above the surrounding plain. The first two ranks curve inward, embracing the inner dome; the third layer curves outward to form canopies over the nine entrances. The petals, constructed of reinforced white concrete cast in place, are clad in white marble panels, performed to surface profiles and patterns related to the geometry. Nine arches that provide the main support for the superstructure ring the central hall. Nine reflecting pools surround the building on the outside, their form suggesting the green leaves of the lotus flower. Translating the geometry of the design, in which there are virtually no straight lines, into the actual structure presented particular challenges in designing and erecting the framework. Not only was it difficult to align, so as to produce accurately the complex double-curved surfaces and their intersections, but also the closeness of the petals severely restricted workspace. Nevertheless the task was carried out entirely by the local labourers. Thanks to each one who contributed in its construction.

Bahai Lotus Temple The Bahá’í Temple in New Delhi, however, occupies a unique position. Not only does it embody the spiritual aspirations and basic beliefs of the world-wide Bahá’í community, but, significantly in a land of myriad religions, it has begun to be seen as providing a unifying link, bringing divergent thoughts into harmony by virtue of its principle of oneness - of God, religion, and mankind. This, perhaps, is the secret of its unabated popularity.
Against the backdrop of a religious milieu which encourages the fragmentation of the Supreme reality into innumerable gods and goddesses, each personifying a specific attribute of the almighty, the Bahá’í Temple, with its total absence of idols, elicits bewilderment as well as favourable response. When the main entrance gate was first opened to the general public on 1 January 1987, visitors flocked to the ‘Lotus Temple’ out of sheer curiosity. The vast lawns, the massive white structure, the high-ceilinged Central Auditorium and a Temple without idols standing so near the ancient ‘Kalkaji Temple’ aroused the interest of all.

Indian visitors, from the most urbane to the simplest rural folk, expressed perplexity at the absence of any deity. Explaining the all-pervasive nature of the Creator which defies deification became a challenge. Many times guides helping to maintain decorum inside the Prayer Hall were startled by the astonished exclamations of visitors wondering aloud where the object of adoration was. Some of them, in their simplicity, paid obeisance to the lectern, surreptitiously placing a flower or two - an amusing as well as a touching sight. Awed by the beauty and grandeur of the edifice, they struggled to grasp the spiritual significance of this material structure.

As understanding dawned, a typical response became: “Few temples radiate the atmosphere of sublimity, peace, and calm so necessary to elevate a devotee spiritually as the Bahá’í House of Worship”. Other repeated comments included: “Where there is silence, the spirit is eloquent” and “One feels one is at last entering into the estate of the soul, the state of stillness and peace”. The visitors were aided in their efforts by the serenity of the Prayer Hall and the assistance of volunteer guides and staff who explained the raison-d’etre of the Temple. The innate sense of reverence of the Indian for the Omnipresence often manifested itself in the act of reverently touching the steps leading into the Prayer Hall.

Visitors from the West often came to critically appraise a structure which had gained fame as a marvel of 20th-century architecture. For them it was sometimes a grudging, sometimes a spontaneous realisation that the phenomenon called faith transcends logic and that the universal ethic of love envelops all. They, too, were humbled at this altar of faith and love.

The best time visit BAHAI temple is:
Summer: 9:00 a.m. - 7:00 p.m
Winter: 9:30 a.m. - 5:30 p.m
On every Monday this temple remains closed.

No matter what the identity of the visitors, from the Orient or the Occident, from North or South, of humble origins or exalted positions, all have been unanimous in their appreciation of both the physical grandeur as well as the lofty purpose of the House of Worship. One visitor commented: “The most beautiful experience. Its magnificence, charm and glamour are awe-inspiring. It reflects the dream of all humanity to bring together a new civilization for all people.” A renowned visitor from India opined, “Architecturally, artistically, ethically, the edifice is a paragon of perfection.

Malai kofta

Monday, 18th June, 2007

Malai kofta

Malai kofta

 

An unusual non-fried version of koftas. Use fresh paneer for best results.
Preparation time: 25 minutes
Cooking time: 19 minutes
Serves 4

Ingredients

For the koftas
 1 cup paneer (cottage cheese), crumbled
 1 tablespoon plain flour (maida)
   A pinch baking powder
2 green chillies, chopped
2 tablespoons coriander, chopped
   Salt to taste.

For the gravy
 4 medium tomatoes
1 cup milk
1/4 cup cream
1 tablespoon kasuri methi;
1 tablespoon oil;
  Salt to taste.

To be ground into a paste
1/4 cup onions, sliced
3 cloves garlic
2 green chillies
2 dry red chillies
2 teaspoons coriander seeds (dhania)
1 teaspoon cumin seeds Ueera)
1" ginger piece; 2 cloves (Iaung)
(1 ") stick cinnamon (dalchini)

For the garnish
 2 teaspoons chopped coriander.

Method

For the koftas:
Mix paneer, plain flour, baking powder, chillies, coriander & salt.
Shape into 8 small rounds and place them on a greased microwave safe plate. Microwave
on HIGH for 45 seconds and keep aside.

For the gravy:
Pierce the tomatoes lightly with a fork, place in a microwave safe dish and microwave on HIGH for 4 minutes. Remove and cool.
Blend the tomatoes to a smooth puree and keep aside In another microwave safe bowl, add the oil and the ground paste and microwave on HIGH for 5 minutes, stirring once after 2&1/2 minutes.
Add the tomato puree and microwave on HIGH for another 5 minutes stirring once in between after 2&1/2 minutes.
Add the milk, cream, kasuri methi & salt and microwave on HIGH for 2 more minutes.

How to proceed:

Just before serving, add the koftas to the gravy and microwave on HIGH for 2 minutes. Serve hot garnished with the coriander.

Instant Rabdi

Saturday, 16th June, 2007

Instant Rabdi

Instant Rabdi

Milk thickened with fresh bread crumbs to give you an instant Rabdi.

Preparation time: 10 minutes
Cooking time: 7 minutes
Serves 4

Ingredients

2 cups milk
½ cup fresh bread crumbs
¼ cup condensed milk
2 tablespoons sugar
1/4 teaspoon cardamom (elaichi) powder
½ teaspoon cornflour mixed in 1 tablespoon milk.

Method

Combine the milk, bread crumbs, condensed milk, sugar and cardamom powder in a deep microwave safe bowl and microwave on HIGH for 5 minutes stirring once in between after 2 minutes.
Add the cornflour paste and microwave on HIGH for 2 minutes stirring once in between.
Cool and serve chilled.

Handy tips:
Fresh bread crumbs are made by crumbling the fresh bread slices after discarding the crusts.
Fill the microwave safe bowl to only ¼  of its height, leaving enough space for the milk to rise in microwave, without spilling over.

INDIA IS BOSS AGAIN

Friday, 8th June, 2007

Fans had to be E&T specialists to survive at the Brabourne Stadium on Saturday 20 OCT, 2007. The ears had to be strong to withstand raucous cheering and blaring music. The throat had to have the capacity to holler for more than three hours.

It was worth the effort. India defeated Australia by seven wickets in ‘the one-off Twenty20 international, the first in India.

Gautam Gambhir, whose 75 had laid the foundation for India’s win over Pakistan in the World Twenty20 final just about a month ago, was the guiding light again. His 63 and the second wicket stand of 82 in 52 balls with the in-form Robin Uthappa were responsible in India’s victory.

A tip of the hat is also due to Harbhajan Singh. His introduction in the seventh over of the Australian innings stemmed the run flow. The off spinner gave away only 17 in his four overs and also sent back the dangerous Matthew Hayden.

The venue, resplendent in flood lights, came alive well before Australia won the toss and elected to bat. Queues stretched about half a kilometre or more from the entry points at the ground. Inside, the DJ’s console belted out Indian and international hits. The cheerleaders and the football-style benches for teams and coaches to sit on, as seen in the World Twenty20 in South Africa, were back.

Among the 25,000 or so in the stadium were Deepika Padukone, a guest of Indian captain Mahendra Singh Dhoni, and Shahrukh Khan

.

India, needing 167 to win, started their chase in perilous fashion. Virender Sehwag, making a comeback into the side after being out due to injury, departed (as usual)in the· third over having made just five.

But though India lost a wicket early, they were scoring well. Gambhir, the silent assassin, had started his assault even before Sehwag got out, smacking Nathan Bracken for two boundaries in the second over. When Uthappa joined him, the runs started to come in more freely.

The fifth over gave the first strong sense that this was India’s day. Brett Lee, who had got Sehwag and has been Australia’s strike bowler throughout the tour, surrendered twenty runs. Gambhir tucked him to fine-leg for four on the first ball. On the second, he played to cover point; Michael Clarke fielded and threw left-handed at the non-striker’s end.

The ball missed the stumps. Worse, Stuart Clark at mid-on let it slip from between his legs and to the boundary. Five runs to India, slump of the shoulders for Australia. Two more fours, this time from Uthappa, completed Lee’s, and Australia’s misery.

Gambhir and Uthappa could not stay till the end. But that gave the crowds a chance to see a few Yuvraj Singh specials. The timer par excellence struck three sixers. Captain Dhoni finished it in style with a six over square leg against Lee to set off noisy celebrations.

Earlier, Australia started well and, well, not so well. They smacked as many as 12 in the first over, all with successive boundaries. But they also lost the man who got them - Adam Gilchrist. RP Singh bowled him with a Yorker. Middle stump fell like Sonny Liston did against Muhammad Ali.

AN ONION A DAY………..

Friday, 8th June, 2007

History repeats itself, I know; but that soon! Usually it is for the next generation. Only in 1998, onions (and their ‘gold’ prices) caused a downfall of a popular government. What is happening to power in Delhi? Onions and their escalating prices every now and then are giving the governments the headaches rather frequently now.

And hey, there are already enough tears in common man’s eyes nowadays; do we need onions here! We must go into the root cause of this - the root of onions! Or the government should announce on a national broadcast that onions are not good for health and people should consume less of them - save onions like save water/petrol. Onions have vanished from the platters of salad bars that happily dwell on healthy cauliflower & co. now. You cannot argue with restaurant owners because green salad on their menu had always-been silent on onions; they never promised onions! The banquets booked for parties have been demanding Rs 10 per head more and their explanation is not illogical, ‘the rate was agreed upon before the onion hike, and the guests are expected to eat onions more - as never before’

There should be ‘onionex’ on the lines of ’sensex’ on a daily basis. I also like onions too much – TDS- three times a day; that my ‘interactors’ do not like the smell is a different matter. Now I have to carry them, one onion in each pocket, whatever that means and howsoever clumsy/revealing it may look, with a knife in my back-pocket-so that I can eat them with foods of my choice anywhere.

Then my wife applied her (available) mind and unknowingly tried to help her husband giving him an idea, “you carry peeled off bulbs of onions wrapped in foil instead of those round bodies” she suggested. I took her advice for a change. But then the whole of ME was smelling of onions; I had to announce every time - that this was a new perfume on the shelves with a vegetable fragrance!

Onionism has given a new agenda to Shiv Sena in Maharashtra “No onions from Pakistan”: because we don’t want to change our roots. Some people are not serving onions to their guests and politely say, “We want to practise Navratras for some more time”. There have already been some reports of ransacking and robbing of onion stores. I remember when TV serials like Ramayana and Mahabharata were extremely popular, the invitation cards for marriages/receptions read, “Phere Mahabharata ke Baad” giving ample time to the guests to witness ‘both’ Mahabharatas! Now the cards will have, “Please bring/arrange your own onions, thank you”. And some invitation cards alongwith sweet boxes will have some carefully wrapped onions.

Tears are good for eyes, these are no crocodile tears; you’ve to believe an eye surgeon. And I must give you advice - an apple a day keeps the doctor away. An onion a day keeps everybody away.

“There’ll always be a healthier way to live, a warmer way to care, a surer way to heal, a calmer way to sleep. There’ll always be a better world, for those who have the passion to create it”, that’s been Cipla’s belief since 1935.A small Indian enterprise committed to the nation’s quest for self-sufficiency, Cipla rose to the challenge of meeting the alarming shortage of essential medicines. It was Cipla only which truly laid the foundation of the Pharmaceutical industry in India when it pioneered Bulk Drug manufacturing in the country in 1960’s decade.

With 31 world class manufacturing facilities spread across the country. Cipla has dedicated plants for different segments like products for Oncology, harmones, inhalers, Carbapenems and cephlosporins etc. The best thing to acknowledge is the standard of the products which meets the stringent international standards, such as that of US FDA, MHRA–UK, TGA Australia, BFarm–Germany MCC–South Africa, WHO, TPD- Canada.

Cipla produces one of the widest range of products and dosage forms in the world today, everything from metered-dose inhalers, pre-filled syringes, trans-dermal spray patches, lyophilized injections, nasal sprays, medical devices, and thermolabile foams. Whether it is constantly extending our product range or consistently introducing innovations, the mission is always to make the life of the patient better.

Cipla products are bought by over 170 countries located in the following regions:

Cipla is also the only Indian company opposing Gilead’s patent application for its blockbuster anti-HIV drug Viread in India.

The company was founded in 1935 by Khwaja Abdul Hamied, and its chairman today is Yusuf Hamied.

In financial terms, Exports for the financial year ended March 31, 2007 amounted to more than Rs. 17,800 million. Cipla exports raw materials, intermediates, prescription drugs, OTC products and veterinary products. Cipla also offers technology for products and processes. Technical know-how/fees received during the year 2006-07 amounted to Rs. 764.70 million.

Today (2007), Cipla is the world’s largest manufacturer of antiretroviral drugs (ARVs) to fight HIV/AIDS, as measured by units produced and distributed (multinational brand-name drugs are much more expensive, so in money terms Cipla’s medicines are probably not in top spot). At least 40% of HIV/AIDS patients undergoing antiretroviral therapy worldwide take Cipla drugs.

‘Romancing With Life’:

Monday, 4th June, 2007

Dev’s justice to his experiencesEvergreen Bollywood film star Dev Anand decided to write autobiography as he was convinced that no biographer could do justice to the varied experiences he had had during his journey from being a struggling film star to heartthrob to producer. Speaking at the release of autobiography ‘Romancing With Life’ in the United States, he said a lot of people had approached him to write his biography. But he had one question “how could they portray the depth of his life and experiences when they knew him only superficially”.

”The book is only about me, my career and experiences. It was written by me in my own hand in ink,” the 84-year hero of yesteryears told the audience which comprised a substantial number of his fans who were teenagers at a time when he was at the pinnacle of his acting career.

Releasing the book at the Bharatiya Vidya Bhavan in New York, counsel-general Neelam Deo described Dev Anand as “living treasure”. The strength of his creations, she said, lay in depiction of strong women characters and dealing with controversial subjects in a sensitive manner that not only brought the point home but also made the movies box office hits.

In this context, she recalled that in ‘Hare Krishna, Hare Rama’, he had focused on the issue of drugs and the struggle of young people to find their niche in life at time when the subject was not being openly discussed. In ‘Guide’, he openly discussed the subject of infidelity in a way that it did not offend the moviegoers, most of whom would not touch the subject.

The function was attended, among others, by Indian-born filmmaker Mira Nair and Founder of Jet Airways Naresh Goyal. In his remarks, Dev Anand said the success of Hindi version of ‘Guide’ was a few changes made in the novel of the same name by R K Narayan. The English version which stuck to the novel was not so successful.

Asked what his finest hour was, Dev Anand said, “this moment,” explaining that he lives in the present and not in the past and that is his strength.

Questioned as to how he feels when despite all his efforts, his movie fails, he replied amidst laughter that “the audience is foolish.” But then he explained seriously that from the reaction of audiences one learns a lot.

However, no one can pin- point one particular reason as to why a movie succeeds or fails it could due to acting, story, direction, treatment of the subject, songs or music and a whole- lot of other factors.

Walking the audience through his career spanning six decades, Dev Anand said he left his home with Rs 30 for Bombay travelling in “third class compartment of third class” and struggled the for two and a half years before his career took off ‘Hum Ek Hain’ and went to play the romantic lead in more than 110 movies before turning to producing his films.

Replying to question about difference between movies of yesteryear and today, he said it was all the same with romance, dances, songs etc. but the only difference that in olden days, “hero took a lot more time to get the girl” than his modern version.

Nobel Peace Prize

Sunday, 3rd June, 2007

Former US vice-president Al Gore and the UN’s Intergovernmental Panel on Climate Change have won the 2007 Nobel Peace Prize for their efforts to spread awareness of man-made climate change, and to lay the foundations for the measures needed to counteract it.

Gore, who won an Academy Award this year for his film An Inconvenient Truth, a documentary on global warming, had been widely expected to win the prize. The joint winner of this year’s prize, the Intergovernmental Panel on Climate Change (IPCC) is headed by India’s Rajendra Kumar Pachauri and was established in 2002 by the World Meteorological Organisation (WMO) and the United Nations Environment Programme (UNEP), the leading body for the scientific assessment of climate change. Climate change has moved high on the international agenda this year.

Former US presidential candidate and ecologist AI Gore speaks in this July file photo during a press conference at Los Pinos presidential house In Mexico City. Gore, who has reinvented himself as a climate warrior since failing in his bid to become US president in 2000, said he was “deeply honored” by the aw rd and spoke of the “planetary emergency” brought about by climate change.

For Intergovernmental Panel on Climate Change (IPCC) chairman R.K. Pachauri, the IPCC winning the prestigious Nobel Peace Prize is a recognition of the important linkage between climate change and global peace.

“To me, this award is the recognition of the role of the IPCC and that the baby (IPCC) has grown up,” he said, adding that to him it was the pinnacle of satisfaction and to the scientific community an inspiration, an encouragement that the issue of climate change has come of age. The award has given the issue of climate change the visibility it deserves. Those working in the field will feel deeply encouraged and inspired. Pachauri said his message to India on the occasion would be to “look into the science and knowledge in the IPCC reports and take action in the best interest of the people”. The IPCC’s job is to alert and put forth the knowledge and suggestions. It is for policy makers to decide what they want to do. Business and .industry will work in the way it, suites them, the government has to ensure coinciding business and societal interest. India did not have any targets to cut down emissions because of the phrase in the framework convention on Climate Change that defined common but differentiated responsibility. There are a large number of people in developing countries who do not have any modern form of energy to take care of their needs. Therefore you cannot adopt the same yardsticks for developed and developing countries. But India cannot emulate developed countries and we have to find a path with technology and political will. I feel anguished that affluent India is totally divorced from the reality of poverty and climate change and is consuming more energy than necessary. It’s time we became conscious about our consuming patterns. Ravages of climate change can be minimised. But even if we stabilize the concentration of GHGs today, climate change will continue for some more years,” Mr. Pachauri said soon after hearing the news that UN climate change panel headed by him will share this year’s Nobel Peace Prize with former US Vice- President Al Gore.

Pachauri said his message to all member countries would be to look at the science and knowledge contained in the IPCC reports as the two issues of global peace and climate change were closely inter-linked. “Global peace and stability will be threatened by climate change. We are living in an unequal world. There are people in this world who are not even equipped to deal with normal vagaries of weather let alone serious changes in climate. Any movement of population would completely break down the social fabric and lead to disharmony,” he said.

The IPCC was founded in 1988 to investigate risks of global warming by the World Meteorological Organisation (WMO) and the United Nations Environment Programme (UNEP). It was tasked with gathering, assessing and presenting scientific data on climate change in a format that the world could understand.

Pachauri is the director-general of Delhi-based think-tank The Energy Resources Institute (TERI) and the institute was gearing up for the award. TERI is a non-profit, scientific and policy research organisation, working in India and globally in the fields of energy and environment

Pachauri said he was accepting congratulations on behalf of the entire scientific community, “In fact, all scientists who have contributed to the work of the IPCC are Nobel laureates”. The recognition, he said, meant even more responsibility for the organisation. Regarding what would be done with the prize money, he said it would be up to the panel to decide how to make best use of it. As far as celebrations were concerned, Pachauri said he would like to postpone them till November 16 when the IPCC brings out the synthesis report and the entire panel is present.

LIQUIDITY IN EQUITY

Saturday, 2nd June, 2007

Investors encounter various situations while making investments and some of these can present a completely different experience for them. High amount of liquidity (more funds chasing stocks in the market) is one such area where investors need to be alert and active as it can impact the way in which their equity investments perform. Presence of high liquidity is a situation that has been witnessed in the Indian markets over the last few years. An individual investor can tackle the situation by understanding the points given below.

Sources: The first point to consider is the source from which the entire liquidity has come. This can happen in various ways as the money can come from local mutual funds or it can be from foreign institutional investors (FIIs) or it could even be from insurance companies and pension funds. By looking at the source of the liquidity one can also get an idea as to how this factor will play out in the future considering the ‘nature of the flow.

For example, If the liquidity has been created’ by local mutual funds, then looking at the cash component that these schemes hold in their portfolio, one can get an idea to the extent to which they can continue to influence the flow.

Sustainability: The most important thing as far as the flow of funds is concerned is whether this can be sustained over a period of time, going forward. If this is just a one-off case or a small time event, then the impact of the flow will also be restricted to this time period. But if this can be sustained, then liquidity as a factor in evaluation of the investment becomes a very important point for the investor to consider. The nature of the flow will also play a role in knowing whether this is sustainable or not and if this is not sustainable, then the downside should also be factored in by the investor.

Distortions: Liquidity has the ability to completely distort the picture as far as the investment of an individual is concerned. This can result in a. situation where the share price suddenly shoots up resulting in a position where expectations get distorted.

Investors suddenly begin to expect this kind of sharp rises and a high return from their investments, which may not always happen. This can also lead to a lot of disappointment for many.

Sharp fall: The reason for a rise in the share price of a company has to be considered carefully because if this is just on account of liquidity factors without adequate backup of performance, then the reverse can also happen as suddenly as the rise. This means that if the liquidity suddenly dries up, then the investor can find that the price will plunge back to where it came from or even lower due to fear overtaking them, and this is precisely what happens in lots of small counters. A liquidity flow backed by adequate fundamentals is a better situation for the investor even if the price falls.

WINTER CHILL GRIPS INDUSTRY

Saturday, 2nd June, 2007

 

India’s Industrial growth slowed to 7.6 percent in December from 13.4 per cent in the same month a year earlier, dragged down by slower growth in capital goods. The latest data from the Commerce and Industry reinforced fears that high interest rates and a rising rupee have begun to impact the broader economy.

India’s gross domestic product, the government said last week, is expected to grow 8.7 percent through this fiscal year ending in March, down from 9.6 percent last year. “We expect a continued soft landing trend for the rest of the financial year and into 2008/09,” said Indranil Pan, chief economist at Kotak Mahindra Bank.

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While demand for consumer goods and their production were the first to be hit by the high cost of finance, now it seems to be taking a toll on capital goods as well.

Growth in production of capital goods slowed to 16.6 percent Commerce and Industry Minister Kamal Nath said the government planned to have meeting with industry groupings to probe into the reasons behind the slowdown. “Is it a temporary aberration or is it being caused by some other factor. I don’t know … high interest rates could be one factor,” he said.

 

SATYAM: An Indian MNC

Saturday, 2nd June, 2007

A consulting and information technology enabled Services Company, based at Hyderabad, India; SATYAM was founded in 1987 by B.Ramalinga Raju. Derived from Sanskrit word which means truth, the name of the company is based on the name of Satyanarayan Raju, father of B.Ramalinga Raju.

Satyam’s network spans 57 countries, across 6 continents. Nearly 42,500 dedicated and highly skilled IT professionals work in development centers in India, the USA, the UK, the UAE, Canada, Hungary, Singapore, Malaysia, China, Japan and Australia and serve over 570 global companies, including over 165 Fortune 500 corporations

Satyam Computer Services Ltd is offering a wide array of solutions customized for a range of key verticals and horizontals. From strategy consulting right through to implementing IT solutions for customers, Satyam straddles the entire IT space. It has excellent domain competencies in verticals such as Automotive, Banking & Financial Service, Insurance & Healthcare, Manufacturing, and Telecom-Infrastructure-Media-Entertainment-Semiconductors (TIMES). As a diverse end-to-end IT solutions provider, Satyam offers a range of expertise aimed at helping customers re-engineer and re-invent their businesses to compete successfully in an ever-changing marketplace.

Satyam’s subsidiary Satyam Infoway provides Internet Access & Hosting services and Network & Network-enabled services. Satyam’s BPO subsidiary Nipuna provides a host of Business Process Outsourcing services. Satyam’s range of consulting and IT skills has helped businesses re-engineer and re-invent their products, services and processes to compete successfully in an ever-changing marketplace.

Satyam’s state-of-the-art software development centers in India, the USA, the UK, the UAE, Canada, Hungary, Singapore, Malaysia, China, Japan and Australia work with a variety of business and technology partners to design and implement projects onsite, offshore and offsite.

Satyam’s highly skilled, dedicated IT professionals, its subsidiaries and Joint Ventures provide customized IT solutions for several industries using our range of technical expertise and experience.

Satyam’s Values

These values have led to the creation of a unique organizational structure, with every functional unit designated as an independent business enterprise, each responsible for its own resource management and its profits and losses.

Satyam’s range of expertise Industry Verticals

The organization emphasizes on acquiring an in-depth knowledge of the customer’s context and needs, and designs solutions fine-tuned to these needs. Satyam’s ideas and products have resulted in technology-intensive transformations that have met the most stringent international quality standards.

Simultaneously, Satyam teams proactively work on turning new ideas into products that answer global market needs. One such product is Vision Compass, a web-enabled collaborative enterprise management software.