Air fares slashed, latest news : December 31 more enjoyable!

Good news for fliers, Air India and jetlite had cut fares.

This will be a great new year travel booster and all of the rare fliers can plan more and distant.

Here is a news in details:

New Delhi: India's leading private air carrier, Jet Airways, and state-owned Air India Monday announced fare cuts. While Jet will reduce the fares on its domestic routes by up to 40 percent with immediate effect, Air India is expected to announce the quantum Tuesday.

In a statement, Jet said the economy class base fare will now be Rs.2,000 on its Mumbai-Delhi flight, Rs.4,065 on the Mumbai-Kolkata route, Rs.1,220 on the Bangalore-Mumbai sector, and Mumbai-Ahmedabad Rs.500.

The fares are exclusive of taxes, which average about Rs.3,500 on every economy ticket.

Earlier in the day, Air India confirmed to IANS it too would slash fares from Jan 1.

Kingfisher Airlines Sunday announced fare cut from January 1.

Source: MSN News

Jobs in India and IIT students contribution

Talking about India's most reputed technology institutes, IIT has a global respect and they do have high quality eduction standards.

What people dont know much is the employment generation via each passing out student of IIT.

Here is an news from rediff focusing on the importance of IITians social contribution in terms of employment and enterprenuership.

An Indian Institute of Technology survey says every IIT-ian has created 100 jobs and that every rupee spent on an IIT-ian has 'created an economic impact of Rs 50 at the global level, half of which is India's share'.

The study is a global Internet-based survey that attempts to map the impact of IIT-ians on the global economy across areas like entrepreneurship, scientific and technological achievement, social transformation, research, educational and leadership.

The survey takes stock of the contribution made by IIT-ians over the last half a century across professions and geographies, and to create a fact-base for mobilising IITs and IIT-ians to find out how they can do even more.

The impact study was launched on September 22 and more than 4,500 IIT alumni have participated in it, providing a robust sample from which to draw preliminary conclusions.

Read the full article here

Latest Bribe Top Lists : India needs improvement seriously

India is on Top here for all the non-good reasons.

The billionplus population with a lot of un-employed youth asking for work, a lot of talent going waste just because of the corrupt government officials who do a preferential allotment, a merit has been denied to the deserving.

Corruption can be fatal to the nations growth and security.

Here is a news from rediff.com considered to be taken very seriously :

Indian companies have been perceived as one of the worst bribe-payers while engaging in business abroad, ranking along with firms in other BRIC countries - Russia and China - according to anti-corruption organisation Transparency International 2008 Bribe Payers Index, released on Tuesday.

Though India has improved its BPI score of 6.8 out of 10 this year compared to the last BPI survey in 2006, when it was ranked last with a score of 4.62, it still remains one of the five worst countries in the world, as bribery by emerging exporters is still on the high side. The lower the average score, higher the corruption.

"The BPI provides evidence that a number of companies from major exporting countries still use bribery to win business abroad, despite awareness of its damaging impact on corporate reputations and ordinary communities," said TI Chair Huguette Labelle in a press statement.

Loans Cheaper : Good news in recession time India

Good news coming in steps for the Indian consumers:

Drop in bank interest rates are the latest.

Two days after the Reserve Bank of India (RBI) announced 100-basis point cuts in key lending rates, the country’s second largest private sector lender HDFC Bank today lowered prime lending rate (PLR) 50 basis points and state-owned Union Bank 75 basis points to 12.5 per cent.

HDFC Bank said its benchmark prime lending rate (BPLR) will fall to 16 per cent in two stages. A 25 basis point reduction will be effective December 15, and a similar cut will be effected from January 1, 2009.

“The drop in the PLR follows the reduction in the bank’s incremental cost of funds and the significant easing seen recently in the monetary stance and the local currency money markets,” HDFC Bank Executive Director Paresh Sukthankar said in a statement.

Other banks, including State Bank of India, Bank of Baroda and Uco Bank, will take a call on cutting rates later this week. Uco Bank Chairman and Managing Director S K Goel said the bank’s asset liability committee (Alco) is meeting on December 12 to decide rate cuts.

Read the full story at Business Standard

Tough IT laws for Indians ahead

The union government is planning to define cyber crimes under the IT Act 2000 and is likely to introduce Amendment Bill in the winter session of parliament. It would cover all crimes where technology is used for terror and unsocial activities. It would cover cyber terrorism, child pornography, spam and phishing besides data security and privacy.

Director General in the Ministry of Information and Communication Technology (ICT), Gulshan Rai said that the amendment in IT act is necessary, as rate of cyber crime is increasing by about 15 per cent per year. He was speaking at a discussion on "Are we losing the battle against cyber crime?" organized on the second day of the U.N.-sponsored Internet Governance Forum. He stressed to increase the international collaboration to deal with technology oriented crimes.

Rai said that there must be a system for information sharing across the globe to tackle cyber criminals. Police and judiciary should be trained to collect and analyze potential evidence with the help of public private partnership.

Use of technology in each segment has also increased the risks. Use of very sophisticated devices and inter-connected networks has increased the variety and complexity of threats. Special Secretary of ICT Ministry, R. Chandrasekhar also advocated international co-operation to enact uniform cyber security laws among different countries.

Source: TopNews

Petrol Cheaper - Diesel Cheaper - LPG constant

NEW DELHI: The government on Friday slashed prices of petrol and diesel by Rs 5 and Rs 2 a litre, respectively, with effect from midnight. The

price cut, the first in over two years, will come as a relief to fuel consumers, tame inflation and boost demand in the economy. On the flip side, the move will shrink oil companies’ margins, which had just begun improving with the fall in crude oil prices.

The announcement by petroleum minister Murli Deora comes ahead of Saturday’s demand booster package and a Reserve Bank of India rate cut, which are expected to give an impetus to demand. Mr Deora told reporters after a meeting of the Cabinet Committee on Political Affairs that Wednesday’s reduction was an ”interim measure” and that the government would continue to watch the global prices of crude oil and react accordingly.

Ful story at Economic Times

Is your boss spying at you at office?

Most bosses monitor employees' Web surfing at work

London, December 3 (ANI): A new study has revealed that two-thirds of British employers keep a check on how many times their employees spend surfing the Internet, and which websites they visit.

An equal number of employers also block "inappropriate" websites, according to the Chartered Management Institute poll of 1,000 managers aged 35.

The survey revealed that older bosses frequently saw the internet as "a massive time-waster" rather than a potentially useful way to work.

It even revealed that one in six managers under 35 considered their employers to be "dinosaurs" when it came to adopting the latest web trends.

Only 49 per cent of those surveyed said that their organisation only "takes up things once they've been tried and tested".

There were only four per cent of the people who said that their employer "falls in love with the latest trend".

Read the full story here

RR Patil quits after Shivraj Patil : Deshmukh to follow?

The aftermath and need of the hour has finally being on the timeline:

NDTV reports:

For four days the nation was riveted to television screens, following every move, every nuance of the terror attack. But after the smoke cleared, it's been time to look around, to pin and even take responsibility.

Maharastra Deputy Chief Minister R R Patil, who was in the cross hairs in the wake of the Mumbai terror attacks, resigned on Monday.

"I have submitted my resignation letter to Chief Minister Vilasrao Deshmukh. I have gone by my conscience and decided to take this step," Patil said.

On Sunday, Shivraj Patil who had been under tremendous pressure to quit, both from within and outside the party resigned as Home Minister on Sunday.

And now sources say, the heat is on Maharashtra Chief Minister Vilasrao Deshmukh. He is "almost certain" to be replaced as pressure continues to mount, sources said.

Prithviraj Chavan is the frontrunner to be Maharashtra Chief Minister.

Read the full story here

Mumbai blood path : common man terrified

After the 9/11 of India ( the Mumbai mayhem in November) , politicians have started their typical blame games and advantage mud slinging.
Is the India of today still be quiet and get fooled again by the opportunistic agenda of the political parties?
A common man dont know how will he be secure in future, while those who assure security are not secure themselves. They have a tight security cover and the common man turns out to be a soft target who has no choices but to live in a time of un-certainty.

Those who were against the ATS probe when offered condolence to the martyr's families, rejected them in anger.

Those who think this is not a big thing for such a big city, the voters will show them the effect of "loose talks".

Those who want to take their political agenda forward by visiting the martyr's family, will be treated well by the aware public of modern India.

Those who are more concerned about Cricket revenues than the countries pride, God bless them!

Credit should always be given to the actual fighters ( NSG Commandoes, officers, police, ATS and the hotel staff). Not a single politician is to be considered for this brave effort and India will remember it for years to come.

Clearly showing a lack of political will and patriotic leadership among those whom are being voted by the people of the nation.

Here are some videos of the mumbai massacre and whats going on after that.