1)Pawan Kalyan set to take the plunge
Names his outfit ‘Jana Sena’; to announce party symbol, flag tomorrow
Pawan Kalyan
It’s official now. Five years after Chiranjeevi floated Praja Rajyam Party, his younger brother, actor Pawan Kalyan is all set to do an encore. ‘Janam Kosam Jana Sena’ (for the people) is the name of the new political party floated by actor Pawan Kalyan.Less than 48 hours to go before the much-touted public appearance by Mr. Kalyan to announce the launch of his party on Friday, the hype is getting bigger and louder notwithstanding the veil of secrecy surrounding its launch. The actor is likely to announce the party symbol, flag and other details at a meeting at HICC on March 14.Rumours were rife that the actor had personally flown down to Delhi and applied for registration of the party by the same name with the Election Commission of India.While speculations about the ‘Jana Sena’ were doing the rounds in the morning, a press release reached newspaper offices on Wednesday evening confirming the same. It gave out bare details on how Friday evening’s show would be and how Mr. Kalyan would talk about his plans amidst a select gathering of fans numbering about 3,000 in the presence of a media contingent.“The very name Pawan Kalyan carries vibrations with it. Apart from what is termed a universal power, he stands for sincerity of word and honesty in deed,” the release said.
Pawan camp abuzzwith activityThe question of how many leaders will sail with the actor is already a hot topic in political circles.Among the people who have been given an audience with the star are several officers of the Central services, including those from the IAS and IPS fraternity.In fact, in the last two weeks, there has been an intense activity in the Pawan camp on the possible entry of the star into political arena.
Ganta invites himto join TDPIn a related development, former Minister Ganta Srinivas Rao, who joined the Telugu Desam Party on Wednesday, invited the actor to join the TDP and strengthen the hands of Chandrababu Naidu.
Kapu vote-bankThe assumption is that if Mr. Kalyan joins the Telugu Desam Party, the majority of Kapu votes would not split.
2)‘NaMo’ caller tune strikes discordant note
Can a caller tune be in violation of the model code of conduct? And does a Rs. 40 payment put you back in the good books of the Election Commission?These questions cropped up in the South Delhi Municipal Corporation on Wednesday, when the Congress brought up the BJP councillors’ caller tune that sings “Modi aane wala hai”, referring to the BJP prime ministerial candidate Narendra Modi.The ‘NaMo’ anthem plays when you call any BJP councillor. According to Opposition Leader Farhad Suri this is a violation of the poll code.“I won’t say the name, but BJP councillors have a caller tune about one person. You have been givensarkari phones and sim cards of Rs. 1,500, so you can’t have that song as your caller tune,” said Mr. Suri.Leader of the House Subhash Arya responded by saying that the councillors would give monthly payments for the caller tune service to the corporation. “We’ll pay Rs. 40 per month for the caller tune,” Mr. Arya said.The Opposition seemed placated for the time being, though the issue can only be resolved if the Election Commission receives a complaint.
3)CorpBank opens 109 branches on Foundation Day
Corporation Bank opened 109 branches and 109 ATMs on Wednesday as it celebrates its 109{+t}{+h}Foundation Day. Chairman and Managing Director S.R. Bansal declared the branches and the ATMs open at the event held in Mangalore.Mr. Bansal launched Corp e-Passbook, a digital passbook on the Android platform. It will be available on iOS and Windows platforms in 20 days. It allows the customer to download and view transactions on the mobile using a user ID, mobile phone number and a PIN.He said, “The speciality of the passbook is that it can be used offline.” He said the economic slowdown, changing technology and bad loans were challenges, while youths, small and medium enterprises and rural India presented opportunities to the bank.Mr. Bansal also visited Corporation Bank Heritage Museum, Haji Abdulla Saheb Memorial Building and the branch in Udupi. He paid tributes to the portrait of the Founder-President of the bank the Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur.
4)What did Obama buy?
Barack Obama shops for his family at a store in New York City on Tuesday. -photo: AFP
U.S. President Barack Obama on Tuesday launched a New York shopping spree — to treat his wife and daughters — and to praise top clothing retailer Gap Inc. for raising its minimum wage. Mr. Obama halted his motorcade at the store at East 42nd and Third Avenue as he hit the Big Apple on a fundraising swing.The President selected sweaters for his daughters Malia and Sasha and a blue workout jacket for his wife Michelle, before delivering a glowing assessment of Gap bosses, who recently decided to hike the store’s minimum wage to $10.The President, who is calling on Congress to lift the federal minimum wage from $7.25 to $10.10, said the move would help thousands of Gap employees.“It’s not only good for them and their families, it’s also good for the entire economy,” Mr. Obama said. “I want to congratulate the Gap for doing the right thing.”Before leaving, Mr. Obama couldn’t resist teasing the pool of reporters travelling with him. When he got out his credit card to pay, he was told to sign his name on a screen. “Oh wow. So, you can sign the machine?” he said, before telling journalists he was joking.“They had these around the last time I shopped,” he said, according to a pool reporter recording his remarks.
5)SEBI tightens norms to prevent money laundering
The Securities and Exchange Board of India (SEBI) has tightened norms to prevent money laundering through the capital market. The market regulator has asked capital market entities to conduct a detailed risk assessment of their clients, including those linked to countries facing international sanctions.“Registered intermediaries shall carry out risk assessment to identify, assess and take effective measures to mitigate its money laundering and terrorist financing risk with respect to its clients, countries or geographical areas, nature and volume of transactions, payment methods used by clients. The risk assessment shall also take into account any country-specific information that is circulated by the government and SEBI from time to time,” the regulator said in a circular on Wednesday.“The risk assessment shall be documented, updated regularly and made available to competent authorities and self regulating bodies, as and when required,” it added. The market intermediates, as per SEBI, can use a third party to carry out due diligence and determine the identity of clients and beneficiaries of the funds.Stock exchanges have been asked to monitor the compliance of various entities through half yearly audits and inspections. SEBI needed to be informed periodically, it said. Market intermediaries have been asked to appoint designated directors to ensure compliance with the new norms. In case of lapses, these directors could face penal action from the SEBI.In case of mutual funds, compliance of the circular would be monitored by the boards of asset management companies and the trustees and in case of other intermediaries, by their board of directors, SEBI said.
Asks capital market entities to conduct a detailed risk assessment of
their clients
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