Tuesday 11 December 2012

Daily News - Dec 11

Bhatinda Srinagar Gas Pipeline Project to be completed by July 2014
The Jammu and Kashmir Government on 10 December 2012 informed that the 328-km-long Bhatinda-Jammu-Srinagar gas pipeline project is scheduled to be completed by July 2014 to draw gas from Gujarat to the State. The progress on the proposed project was reviewed by Chief Minister of Jammu and Kashmir Omar Abdullah at a meeting of high-level officers in Jammu and an early start of work was emphasized by him. He stressed upon the need for fast tracking the project to ensure its timely completion.The availability of gas in abundance has been a great challenge for the Government of Jammu so this step towards supply of gas to the consumers in the State through gas pipeline is going to be a revolutionary step as it will relieve the pressure on availability of domestic gas and will also help generate employment.The gas pipeline will consist of 328-km-long main gas trunk from Bhatinda to Srinagar passing through Kathua, Samba, Jammu, Udhampur, Ramban, Anantnag, Pulwama and Srinagar and there will be hundreds of sub-lines which will supply gas to the consumers at their houses. The proposed gas pipeline project was already approved by Omar Abdullah during a meeting of State officers and the team of Petroleum and Natural Gas Regulatory Board (PNGRB) led by its Chairman Lalit Mansingh at Srinagar. The Chief Minister had directed PNGRB to start laying pipeline from both Srinagar and Bhatinda simultaneously so that gas is supplied to both the cities of Jammu and Srinagar at the same time.The project possessed greater importance to the State in providing adequate domestic and commercial supply of gas to the consumers on cheaper rates besides creating huge employment for youth of the State. The revenue and law department had already been directed by the Chief Minister Omar Abdullah to finalise the Draft Bill for Right of Use of land for laying of gas pipelines by the gas company in the State legislature for enactment as per the Constitution of Jammu and Kashmir.

US based Food Producer Cargill India acquired Wipro's Sunflower Vanaspati brand
US-based food producer and marketer Cargill India on 10 December 2012 announced the acquisition of  the Sunflower Vanaspati brand from Wipro.The deal is going to help Wipro in strengthening its leadership position in the market and is expected to shore up Cargill's consumer brand portfolio and expand its market reach. Cargill and Wipro did not disclose the deal value of the brand but as per the trade analysts the deal was pegged at 30-40 crore Rupees.Since 2007, Wipro had been trying to get out of its traditional edible oil business which was started by Azim Premji's father Mohammad Hussain Hasham Premji in 1949 at Amalner, in Jalgaon district of Maharashtra.Sunflower Vanaspati accounts for barely 1% of Wipro Consumer Care and Lighting's revenue. Wipro's Consumer Care and lighting business segment recorded revenues close to 2000 crore Rupees for the first half of the current fiscal 1 April 2012 to 31 March 2013.Cargill India besides marketing its edible oil portfolio that includes brands such as Nature Fresh, Sweekar and Gemini, also locally produces and markets Vanaspati under its brands Rath, NatureFresh Purita and, Gemini.

Supreme Court asked judge of SC and HC to inform government of India about duration, purpose and fun
On 10 December 2012, the Supreme Court partially stayed the order of Delhi high court in which it had cancelled three paras of Centre's 2010 circular which made it compulsory for the judges to take foreign visits only with approval of chief justice of the high court concerned or Chief Justice of India (CJI).The judges of Supreme Court as well as high court needed to inform the Government of India about the foreign visits which include the purpose of their visit, duration as well as the funding source. Foreign visits could be taken after traveling details were submitted to the Government of India. The high court had called these conditions offending for autonomy of higher judiciary, which is why it cancelled them on 25 May 2012. The high court had cancelled the paragraph which mentioned that travel details need to be submitted, but it clarified that the judged still needed to give information regarding their duration of the trip as well as city in which they intended to stay. These details need to be submitted to the chief justice of the HC concerned or CJI. In argument to the challenge of government to HC order, the solicitor general R F Nariman clarified that this circular was important in order to provide security for judges while they were in the foreign land. He declared that the judges went abroad on diplomatic passports which are issued to the judges by the Central Government. Bench of Chief Justice Altamas Kabir and Justices S S Nijjar and J Chelameswar however declared that they also knew judges which took foreign trips on personal passports instead of diplomatic ones. Getting the information about foreign visit was made necessary so that the concerned ministry could help these judges if they needed some.The Supreme Court on 10 December 2012 stayed the order of Delhi high court in which it had cancelled the paragraph 10 of Centre’s 2010 circular.

New Dinosaur with Gigantic Nose Discovered in Mexico
Scientists in northern Mexico discovered a new dinosaur with a large prominent nose which lived about 73 million years ago. The duck-billed dinosaur, which was named Latirhinus uitstlani lived during the Late Cretaceous period and its wide nasal cavity might have given it incredible smell-detecting ability.As per researchers the giant nose of Dinosaur supported and provided enhanced space for a soft tissue structure, sort of like an inflatable bladder, for display, recognition and communication purposes in general.The dinosaur also possessed sturdy hind limbs ending in three toes, and relatively smaller and thinner forelimbs ending in 4 digits — meaning this animal was thumb-less.These dinosaurs were herbivores with a few thousand teeth closely packed together to form a grinding surface to chew the vegetation they fed upon.
As per the report it was concluded that the environment that Latirhinus inhabited was likely warmer and more humid than it is today’s time, with lakes and bays nearby.

Indian Economy Would Dominate the Economy of the World by 2030: US Intelligence Community Report