Sensex Down 151 Points, Ends 2-Month Low

The BSE benchmark S&P Sensex extended losses for the 4th straight week by slipping another 151 points to end the week at two-month low of 19,317.01 on persistent selling pressure from operators ahead of the Union Budget next week amidst uncertainty about US monetary policy.

Shares of Metal, FMCG, Banking, Consumer Durable and Auto sectors declined sharply on profit-booking while Realty, IT, Healthcare and Refinery counters attracted good buying support at lower levels.

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Canada: Township of Essa Gets $281,677 Federal Funding

EFT Report, Thornton: Members of the community gathered together at the Thornton Arena on Jan. 25, 2013 to celebrate an announcement by the Honorable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). Minister Goodyear was joined by Kellie Leitch, Member of Parliament for Simcoe-Grey.

Under the Community Infrastructure Improvement Fund (CIIF), Minister Goodyear announced federal funding of up to $281,677 to the Township of Essa for the replacement and upgrading of the ice pad surface and refrigeration system at the Thornton Arena. Work on the project involves installing new refrigerant piping with a new concrete slab covering, as well as upgrading the refrigeration system to increase the capacity and sustainability of the ice surface, which will enhance safety for users.

"The Harper Government is pleased to partner with the Township of Essa to revitalize the Thornton Arena," said Minister Goodyear. "Through the Community Infrastructure Improvement Fund, our Government continues to support projects that improve safety and energy efficiency as well as stimulate the economy in communities across southern Ontario."

"Our Government's investment will not only enhance the experience and services delivered at the Thornton Arena, but it will also support the creation of jobs, growth, and long-term prosperity in the community," said MP Leitch. "Together, we are building stronger communities here in Ontario, for a stronger Canada."

"The Township of Essa is very pleased to be a recipient of the Community Infrastructure Improvement Fund for the renovations and upgrades to the Thornton Arena," said Sandie Macdonald, Deputy Mayor for the Township of Essa. "These much needed improvements will have a cost-saving effect for the taxpayers of the Township and all users of the facility will benefit from the new technology and safety features installed."

The Fund supports, on a cost-shared basis, repairs and improvements to existing community infrastructure that is accessible for use by the public. Recipients of the Fund may receive contributions of up to $1 million and must leverage a minimum of 50 percent of funding from other sources. Please see the backgrounder for more information on CIIF.

Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region's strengths and creating opportunities for jobs and economic growth. The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to encourage partnerships and support projects that help the region's businesses and communities become more competitive, innovative and diversified. To learn more, please visit www.FedDevOntario.gc.ca or call 1-866-593-5505.

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Canada: $110 Million Investment at 8 Wing Trenton Facilities Announced

EFT Report, 8 Wing Trenton: The Honorable Peter MacKay, Minister of National Defence, announced a major investment of more than $110 million in contracts for infrastructure projects at 8 Wing Trenton on Jan. 25. This investment will result in the construction of a new maintenance hangar, and a new building to house the Canadian Forces Land Advanced Warfare Centre, in addition to the infrastructure upgrades to the National Air Force Museum, the Air Mobility Training Center and the Military Family Resource Centre already completed or underway. The estimated overall value of these projects, once complete, will be more than $200 million.

“These impressive state-of-the-art buildings will enable our dedicated Canadian Armed Forces personnel to continue their excellent work as world leaders in military aviation operations,” said Minister MacKay. “Updating our defence infrastructure to ensure it is ready the meet the challenges of the 21st century is in line with our Government’s Canada First Defence Strategy, and will benefit industry, economic development and job creation throughout Canada. It is estimated that these projects will contribute to the creation and sustainment of 400 high-quality jobs.”

Construction recently began on a $36.5 million building that will serve as the new home of the Canadian Forces Land Advanced Warfare Centre. The contract for the 12,000 square metre building was awarded to Varcon Construction of Brampton, Ontario. The new facility is designed to a LEED (Leadership in Energy and Environmental Design) silver level and is expected to be ready for occupancy in early 2015.

The construction contract for the new $72.9 million Maintenance Hangar 6 was awarded to Bondfield Construction of Concord, Ontario. It will be primarily used for first-line maintenance activities on the CC-177 Globemaster III fleet, as well for housing the contracted maintenance support for CC-150 Polaris aircraft. Construction started in December 2012 and the building is expected to be ready for use in early 2016.

Minister MacKay also announced infrastructure modifications to the Sedley S. Blanchard Air Mobility Training Centre, awarded to M.J. Dixon Construction Limited of Mississauga, Ontario; the second part of Phase II of the expansion project for the National Air Force Museum of Canada, awarded to Mirtren Contractors Limited of Scarborough, Ontario; and renovations to the Military Family Resource Centre facility to be completed by the Base Construction Engineering Department.

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PM to Open Delhi Sustainable Development Summit 2013 on Jan. 31

Report by Santanu Ganguly, New Delhi: The 13th Delhi Sustainable Development Summit (DSDS) is set to witness focused discussions among global leaders on resource-efficient growth, climate change and protection of natural resources. The Energy and Resources Institute’s (TERI) widely popular summit will be held at Hotel Taj Palace in New Delhi from January 31-February 2, 2013. The theme of the summit is “The Global Challenge of Resource-Efficient Growth and Development”—one of the most pressing challenges faced by the world today.

The Hon’ble Prime Minister of India Dr Manmohan Singh will be inaugurating the summit on January 31, 2013.

The Global Challenge of Resource Efficient Growth and Development is an all-embracing challenge which needs comprehensive assessment and analysis and responses by which the global economy can be taken in the direction of resource use efficiency. To deal with this subject comprehensively would require an elaboration of strategies and actions on every aspect of development, but as far as the Delhi Sustainable Development Summit, 2013 is concerned, focus would be confined to the following subjects:

• Adapting to the Impacts of Climate Change

• Mitigating Emission of Greenhouse Gases and Associated Co-benefits

• Choices before the BRICS and a New Economic Construct

• Sustainable Development and the New Knowledge Economy

• Defining the Future We Want

Some of the key dignitaries who have confirmed their participation include:

1. Dr. Manmohan Singh, Hon’ble Prime Minister, India

2. H.E. Mr Donald Ramotar, President, Guyana

3. H.E. Mr Anote Tong, President, Kiribati

4. H.E. Mr James Alix Michel, President, Seychelles

5. Ms Jayanthi Natarajan, Hon'ble Minister of State (I/C) for Environment and Forests, India

6. H.E. Dr Mariyam Shakeela, Minister of Environment and Energy, Ministry of Housing and Environment, Maldives

7. Mr Arvinn Eikeland Gadgil, Deputy Minister for International Development, Norway

8. H.E. Mr Marcin Korolec, Minister of the Environment, Poland

9. The Hon’ble Jean-François Lisée, Minister of International Relations, La Francophonie and External Trade, Québec

10.H.E. Prof. Rolph Payet, Minister for Environment and Energy, Seychelles

11.H.E. Dr Plodprasop Suraswadi, Minister of Science and Technology, Thailand

12. H.E. Dr Sultan Ahmed Al Jaber, Assistant Minister of Foreign Affairs & Special Envoy for Energy and Climate Change, Ministry of Foreign Affairs, UAE

13.Ms Jayanthi Natarajan, Hon'ble Minister of State (I/C) for Environment and Forests, India

14.Mr Haruhiko Kuroda, President, Asian Development Bank, Philippines

15. Mr Bindu Lohani, Vice-President for Knowledge Management and Sustainable Development, Asian Development Bank, Philippines

16. Mr Masahiro Kawai, Dean & CEO, Asian Development Bank Institute, Japan

17.Mr Jairam Ramesh, Hon’ble Minister for Rural Development, Government of India (Invited)

18.Prof. Carlo Rubbia, Scientific Director, Institute for Advanced Sustainability Studies, Germany

Nobel Laureates’ Session

• Prof. Carlo Rubbia, Scientific Director, Institute for Advanced Sustainability Studies, Germany

In addition, the tenth World CEO Sustainability Summit (WCSS)—themed ‘Resource Revolution: A Global Imperative and How Business Can Shape It’--will witness an impressive congregation of corporate leaders exchanging views on the role of business in protecting resources. The WCSS is schedule on 30 January 2013.

A central novelty at DSDS this year will be the thematic tracks, which will allow for detailed discussions on niche topics. Global Trends in Sustainable Production And Consumption with a special focus on edible oils; Mindset of Green Growth; Post-2015 Development Agenda and the Energy Future We Want for All; Reducing Inequalities: a Sustainable Development Challenge and Low carbon sustainable mobility for all will be some of the key areas on which parallel discussions will take place on the sidelines of the Summit.

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GEA Westfalia Separator Opens Bangalore Production Facility

Report by Santanu Ganguly, Bangalore: A 6 billion euro conglomerate GEA Group, known as the largest system provider of Machines and Process Technologies Worldwide and market leaders in the Food and Energy Sectors, inaugurated its new facility in Bangalore.

This new state of the art facility was inaugurated by Mr Markus Hullmann, President of GEA Mechanical Equipment and member designate GEA Executive Board. Speaking at the occasion Mr Hullmann brought to light-“Whether you drink beer, wine, juices or milk, use edible oils for your food or whether you take antibiotics against inflammations, vitamins as food supplements or walk into a restaurant for dinner, or you use mineral oils, chances are good that our machines have been involved in the production process of all these products. With over 2500 applications that GEA offers worldwide most are now available in India”.

Initially GEA Westfalia Separator a high technology company operated in highly selected and niche areas of the Indian industry which was limited to certain Chemical/Pharma applications and Casein plants where there was limited competition. In due course, the economy opened up, custom duty tariffs came down – which led to a larger canvass that made in-roads in most of the application areas.

As of today, GEA continues to provide innovative solutions to the customers and have penetrated in markets for many standard applications. Food, Pharma and Energy remain the main focus areas. Antibiotic Projects, Dairy including Casein Projects, Naphtha Treatment Projects, Vaccine Projects, Fruit juice, Instant Coffee, Edible Oil Projects are areas where the company is active in India.

Speaking on the occasion Mr. Markus Hullmann said, “India is a diverse country with various religions, languages, income levels. India’s growth has accelerated since mid 90‘s, and the country has grown at 5%-6% consistently for the past 17 years. The growth has been driven by a sustained reform agenda pursued by successive governments. In addition, investment goes a longer way in India due to high capital efficiency. India has sufficient financial resources for growth. Consumer spending is already growing at a rate of 8%CAGR driven by an emerging middle class that has created a large market“

He further added, “In addition to services, manufacturing is also growing swiftly at 4%CAGR, driven by labor productivity increases, and reflected in exports. Even if the government continues the current pace and theme of reforms, growth rates (GDP) of ~6% are expected in future. We strongly feel that Indian Industry deserves the best in World class technology. This production centre is our effort in making that technology affordable.”

GEA Westfalia Separator India’s planning for Production in India, started in late 2005 to address the growing needs of the local Indian market as well as to address the cost effective solution of the global market. Prototype Decanter centrifuge UCD 205 was developed at Bangalore and since then Indian Production has crossed several milestones.

Currently GEA Westfalia Separator India Bangalore unit is successfully producing Decanters up to 350mm diameter for global market for environmental application as well as addressing the needs of the Indian market for various applications. Since 2006 GEA Westfalia Separator India Bangalore unit has exported & installed approximately 500 decanters worldwide. Presently this unit can produce 250 Decanters per year.

With this expansion, GEA Westfalia Separator India Bangalore unit will be able to increase its output capacity as well as find opportunities to address the demand for other market segments by adding small process specific customizations said Mr Ashok Narula, MD , GEA India.

GEA Westfalia Separator is an old and reputed company that was established at the end of 19th century in Westphalia, an area in the north of Germany, from where the company derives its name– Westfalia Separator. 120 years ago, GEA Westfalia Separator started first with the production of milk separators, separating cream from milk. Afterward GEA Westfalia Separator moved step by step into many other fields and applications - food, industry and mineral oil.

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Homelands Exhibitions Open in Delhi; Also to Travel Kolkata, Mumbai, Bengaluru

Report by Santanu Ganguly, New Delhi: One of the year’s most anticipated exhibitions, Homelands will travel to four cities (New Delhi, Kolkata, Mumbai and Bengaluru) across India in 2013.

The exhibition will open to the public in New Delhi on January 24, 2013 at Indira Gandhi National Centre for the Arts (IGNCA), in Kolkata on March 1 at The Harrington Street Arts Centre, in Mumbai on April 28 at the Dr. Bhau Daji Lad Museum and in Bengaluru in the last week of June.

Cutting to the heart of 21st century cultural relations, Homelands grapples with the relationship between self and place in a world of transitory identities and contested geographies. Culled from the art collection of the British Council, the exhibition is a unique take on contemporary British art by the Indian curator, Latika Gupta. Including more than 80 works by 28 leading modern and contemporary artists, Homelands excavates the idea of a ‘homeland’ to reveal a rich plurality of meaning; ideas of belonging, alienation, history and memory.

Homelands will roll out a multi-layered program that includes public exhibitions in four major metros (New Delhi, Kolkata, Mumbai, Bengaluru), artist talks, seminars, curator-led walks, outreach activities and workshops.

Homelands is supported by an innovative network of public-private partnerships developed by the British Council, and epitomizes a new and exciting funding model for public art in India. Key partners helping to bring the pan-Indian exhibition together include Jaguar, Christie’s and Kotak Mahindra Bank Limited. The outreach program, additionally supported by Outset India, is also focused on developing and cultivating unique, local partnerships and encouraging dialogue and collaboration between Indian and UK institutions.

A private preview of Homelands was held at the Indira Gandhi National Centre for the Arts (IGNCA) on January 22, 2013. The preview was well attended by art enthusiasts, collectors, artists, gallerists, curators and a number of fashion and business personalities which included names likes Robin Mallick, Mithu Sen, Rajshree Pathy, Anupam Poddar, Girish Shahane, Amol Vadehra, M.K Raina, Feroz Gujral, Mukesh Panika, David Abraham, Kamlesh Rao, T.N. Ninan, Pushkar Shahi, Kamal Chabbra to name a few.

A post preview reception was also held at the British Council Charbagh on January 22. The Homelands post preview reception was well attended by art enthusiasts, collectors, artists, curators, critics, and people from the fashion fraternity which included names like Vishal K Dar, Jeebesh Bagchi, Shuddhabrata Sengupta, Vibha Galhotra, Nida Mahmood, Rahul Chandra, Simon Maidment, Pooja Sood, Rohit Gandhi, Atul Bhalla, Shivan and Naresh, Ram Rahman, Surbhi Modi, Dadi Pudumjee amongst others. The night included music by Wild City DJ and a surprise dance performance by Danceworx.

Works by 28 of the world’s leading contemporary artists from the British Council Collection will be showcased at the exhibition.

Angus Boulton | Fabien Cappello | Lisa Cheung | Nathan Coley | Jeremy Deller | Suki Dhanda | Jimmie Durham | Paul Graham | Graham Gussin | Mona Hatoum | Anthony Haughey | Tim Hetherington | Susan Hiller | David Hockney | Anthony Lam | Langlands & Bell | Richard Long | Rachel Lowe | Haroon Mirza | Raymond Moore | Cornelia Parker | Martin Parr | Grayson Perry | Zineb Sedira | George Shaw | David Shrigley | Bob and Roberta Smith | Gillian Wearing.

From this esteemed group of contemporary artists, there are 8 Turner Prize winners and nominees namely Jeremy Deller (winner, 2004), Richard Long (winner, 1989), Grayson Perry (winner, 2003), Gillian Wearing (winner, 1997), Mona Hatoum (nominee, 1995), Langlands & Bell (nominee, 2004), George Shaw (nominee, 2011) and Cornelia Parker (nominee, 1997). Tim Hetherington was the winner of World Press Photo in 2007.

Four of the showcased artists are being invited to visit the exhibition in India, including Mona Hatoum, Anthony Haughey, Zineb Sedira and Suki Dhanda. During their stay, the artists will engage with audiences, give public talks and conduct workshops.

“The Homelands exhibition will showcase the very best art being produced by leading contemporary artists in Britain – a fitting juxtaposition to our international sales of works by their South Asian Modern + Contemporary Art contemporaries. The exhibition is an opportunity for us to lend our support to cultural and educational opportunities which are important milestones in the Indian cultural agenda for 2013”, said Menaka Kumari-Shah, Christie’s Head of India.

“Jaguar cars are renowned the world over for their contemporary designs and stunning great looks and I believe that art can have the same impact on people's lives. The Homelands exhibition will provide the Indian art connoisseurs with an opportunity to access great work from globally recognised artists, and we are delighted to support that” - said Rohit Suri, VP, Jaguar Land Rover India.

Feroze Gujral of Director, Outset India said, “Outset India was set up to provide a platform for contemporary art in India. By supporting the extensive Homelands outreach programme - which includes workshops, public talks, and education initiatives – we will be able to offer much needed support to both artists and arts organisations across the country, during this truly exciting time for contemporary art in India.”.

“Today, many of us move across national boundaries. We are born in one country, we make another our home. In the criss-crossing of political, social and cultural borders, we live our lives through hyphenated identities: belonging here and there; inhabiting multiple places - both physical and metaphorical. Geographies that can be mapped as inter/national boundaries and as places conjured up by through remembering and imagining. What constitutes a homeland? Is it ethnicity? Language? Religion? Customs and beliefs? Are homelands those in which our ancestors were born? What of outsiders who live and make other lands their homes? Where do we really belong? Where is it that we hope to one day return?” said Latika Gupta, Curator.

Rob Lynes, Director, British Council India, said “Homelands is the British Council’s flagship arts project of 2013. It’s exciting because it introduces work by 28 brilliant British artists to India; because it will reach tens of thousands of people, especially young people, with the best contemporary art; and because it demonstrates the value of international collaboration, with an Indian curator Latika Gupta offering a unique slant on a British art collection. But most of all, it’s exciting because it asks such fundamental questions about a world that’s changing in front of our eyes, about the sometimes bewildering identity crisis that, for so many of us, constitutes modern life. Homelands demonstrates that art can help us learn about the world around us: but also, that it can help us learn about ourselves.”

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Škoda Prize Show Opens at National Gallery of Modern Art

Report by Santanu Ganguly, New Delhi: The National Gallery of Modern Art and the Škoda Prize for Indian Contemporary Art are delighted to announce the opening of the Škoda Prize Show for 2012 at the National Gallery of Modern Art in New Delhi on January 30, 2013. The press preview will be held on January 29, 2013 at 6 pm and will be inaugurated by Dr. Karan Singh, President, Indian Council for Cultural Relations in the presence of Shri Ravindra Singh Special Secretary, Ministry of Culture, Government of India, Mr. Sudhir Rao, Managing Director, Škoda Auto India and Mr. Martin Da Costa, CEO, 70 EMG.

Škoda Prize Show at National Gallery of Modern Art

The Škoda Prize Show will present a selection of works, curated by Girish Shahane (Director of Art –the Škoda Prize) from the Škoda Prize 2012 Top 20 finalists, showcasing some of the most exciting, and groundbreaking solo exhibitions by mid-career artists (under the age of 45) presented in India in the year 2012. Now in its third year, The Škoda Prize for Indian Contemporary Art, has earned a place as one of the most influential platforms for Indian contemporary art, recognising contemporary art practices that demonstrate a highly innovative use of form and material, as well as a mature engagement with contemporary culture.

The Škoda Prize Show is a rare occasion for audiences in India to experience some of the most impactful and cutting edge art practices that have been showcased in private and public arts institutions across the country over the past year. The annual exhibition has seen footfalls in the thousands over the past three years. The inclusion of the Škoda Prize Show in the prestigious programme of the National Gallery of Modern Art marks a high point in Delhi’s vibrant cultural calendar this winter, drawing the nation’s attention, and the global art community, to some of the most significant developments in contemporary art in India today.

“I believe that The Škoda Prize truly presents and supports the art of the “New Generation”. These are essentially artists who have emerged in the 1990s in India presenting their own practice by portraying the reality that they have experienced and depicting strongly their concerns as individuals. Art can no longer be compartmentalized into painting, sculpture, print making etc. Art is now breaking all previously laid out barriers and has diversified into a multitude of media such as installation art, video art, performance art, conceptual art and the new buzz of media art. These too have evolved and developed over a period of time. The artists have chosen to break away from the mould of the existing art practices and have given birth to new approaches and genres in art previously not experienced and contrary to the popular belief contributing greatly to the value and the unconventional mode. I am truly delighted that the National Gallery of Modern Art. New Delhi, Ministry of Culture, Government of India is presenting the Škoda Prize Show. I am equally pleased that The Škoda Prize has established itself as a prestigious award for visual arts and it has evolved as a much awaited contemporary art exhibition in India.” - Prof. Rajeev Lochan (Director of the NGMA, New Delhi)

A winner will be selected from the Top 4 finalists in the running for the Škoda Prize 2012 (announced in November 2012), and will receive a cash prize of INR 10,00,000. Selections for the prize are submitted by an esteemed jury including art historian, Geeta Kapur, Director of the Devi Art Foundation, Anupam Poddar, artist Sheela Gowda and Swiss curator Mirjam Viradinis. The chief guest will be William Kentridge, South African artist of international acclaim. William Kentridge will present the trophy to this year’s winner and will join as the 5th member of the jury who will decide the winner of the Škoda Prize 2012.

The winner of the Art India Breakthrough Artist Award (launched last year in order to create a platform for emerging artists as part of the Škoda Prize initiative) will be announced on the same day. The shortlisted artists for this year Prabhakar Pachpute, Ratna Khanna, Rohini Devasher and Yardena Kurulkar are eligible for the prize.

The ŠKODA Prize is the most prestigious award on the Indian visual arts scene. It recognises cutting-edge work demonstrating vision, innovation, and a mature understanding of material and form. The Prize brings to public notice exciting trends in contemporary art, highlighting the output of established mid-career artists as well as new voices. It is backed by jurors of impeccable credentials, renowned patron institutions, a dedicated group of advisors, and a management team of proven capability. Nominees need to be below the age of 45, and should have had a solo show in the country over the last 12 months. The winner takes away the prestigious ‘The ŠKODA Prize Winner’ title and also receives a prize money of INR 10,00,000. Runners-up are invited to participate in international residencies supported by Prohelvetia, the Swiss Arts Council. Visited by thousands every year, The ŠKODA Prize Show (which takes place alongside the India Art Fair in New Delhi) showcases country's most promising contemporary artists.

Juried by a panel of notable personalities and supported by museums and cultural institutions of international repute. In the past, renowned artists Marc Quinn, and Turner Prize winner Anish Kapoor have presented awards to past winners Mithu Sen (2010) and Navin Thomas (2011). The ŠKODA Prize is a Seventy EMG Arts Initiative.

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Reliance Life Insurance Launches Super Endowment Plan

EFT Report, Mumbai: Reliance Life Insurance—a unit of Anil Ambani-led Reliance Capital—launched a new endowment plan on Jan. 24, 2013 that offers guaranteed life cover and maturity benefits.

The new product called Reliance Life Insurance Super Endowment Plan provides life insurance coverage for the full policy term by paying for just half of the selected policy period.

"Reliance Life Insurance Super Endowment Plan has been designed to provide customers, who have a lower investment risk appetite, with the twin-benefits of saving and life cover for the future," Anup Rau, chief executive officer, Reliance Life Insurance, said in a statement.

Reliance Life Insurance Super Endowment Plan

"This new product is in line with our philosophy to enable customers across all income segments to insure their life and provide security to their dependents," Rau said.

The new plan is available for customers in the age group 8-60 years with a minimum sum assured of Rs.1 lakh. The policy-holder can opt for two policy terms -- 14 years or 20 years.

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Mumbai to Host India’s First Real Estate Luxury Show 2013

EFT Report, Mumbai: After fashion weeks and wedding exhibitions, India is now set to welcome a first-of-its-kind Real Estate Luxury Show (RLS India 2013), which will serve as a platform for showcasing the properties of the country's real estate giants.

The two-day multi-city show, organized by Global Ventures Media in association with Indicom, will start March 9, 2013 at Mumbai's Four Seasons Hotel. The show will also tour other luxury destination like New Delhi and Bangalore.

"Analysts predict that the luxury residential market has a potential to grow at a Compound Annual Growth Rate (CAGR) of around 28 per cent during 2011-2013. This show is a platform to share the affluence of our nation,"

Tejas Chhatriwala, director, Global Ventures Media, said in a statement.

India’s First Real Estate Luxury Show 2013 in Mumbai

The show is strictly by invitation only and will have some of the leading real estate companies, luxury interior and products designers exhibiting their brands.

"People who find luxury in garments and accessories certainly understand that luxury is an experience. It is at home that everyone finds luxury. This initiative will offer a luxury living experience,"

Chhatriwala said.

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5th India Art Fair Announces Art Projects

Report by Santanu Ganguly, New Delhi: India Art Fair—India’s premier modern and contemporary art fair—is pleased to announce its 5th edition from February 1–3, 2013 (with a VIP Preview by invitation on January 31).

At a time when the global economy and the art market in particular, faces a challenging business environment, India Art Fair continues to focus on providing a bridge building platform to spread deeper awareness, and create wider access to art in India. The art fair will include approximately 105 exhibitors from 24 countries in the general exhibition area and solo projects. It will also include a video lounge, an art bookstore, art projects and a Speakers’ Forum with over 40 eminent speakers.

India Art Fair brings together a diverse and dynamic set of galleries and artists, showcasing a breadth of modern and contemporary art practices by established and emerging artists including painting, sculpture, new media, installation and performance art. It offers international galleries a world class platform to present their works and explore the Indian art market, to meet new collectors and build relationships with key stakeholders. The 42 international galleries exhibiting in the 5th edition represent 24 countries including India and present exciting art from several new regions such as Argentina, Bangladesh, Israel, Korea, Latvia, Turkey, Pakistan and Russia. The fair will feature leading Indian galleries from Delhi, Mumbai, Bangalore, Chennai, Kolkata, Hyderabad, Jaipur, Kochi and Agra.

India Art Fair has played a key role in exposing galleries from across the country to a variety of individual and institutional buyers from across the country, and the globe. It has been visited by 260,000 people from over 60 cities over its four previous editions. This edition of the fair will take place in the heart of South Delhi, inside a custom-built tent spanning more than 20,000 sq. metres that is designed by the highly-regarded Indian space designer, Sumant Jayakrishnan.

For the 5th edition, India Art Fair has brought YES Bank onboard as Presenting Partner. YES Bank's association with India Art Fair is part of the Bank's Retail and Wealth Management initiative. Other partners of India Art Fair include Absolut as Associate Partner, Christie’s as Auction House Partner, Le Meridien as Hospitality Partner, Panerai as Preview Partner, Conde Nast India (Vogue) as Supporting Partner and CNBC as Exclusive Broadcast Partner.

Through its Collateral Events program, India Art Fair has encouraged a variety of cultural institutions, galleries, private art institutions, as well as international luxury brands present in India to hold events and exhibitions in Delhi, Mumbai and other Indian cities during the week of the fair, making this an ideal time to experience India’s vibrant cultural life. The fair’s VIP Program includes several private events for special guests, who also receive exclusive access to the fair during daily business hours (from 11am to 2pm).

Over the years, India Art Fair’s Speakers’ Forum has been fueled by the need to create and enhance the knowledge base surrounding art and its practices, with a particular focus on the dynamics of South Asian, and other emerging art scenes. Some of the best minds from diverse fields within visuals arts from art historians to curators, from artists to prominent individual and institutional collectors, are invited to speak on several engaging and paradigm defining topics.

The speakers’ roster features a global mix of experts including:

Adriano Pedrosa (Curator & Director, PIESP-Programa Independente da Escola São Paulo, Brazil), Chus Martinez (Chief Curator, El Museo del Barrio, New York City), Akiko Miki (Senior curator, Palais de Tokyo, Paris), Amin Jaffer (International Director of Asian Art, Christie's), Sandhini Poddar (Independent Curator and Art Historian, Mumbai, and Adjunct Curator, Solomon R. Guggenheim Museum, New York). Barbara London (Curator, Video & Performance Art, MoMA, New York), Liu Yingjiu (Deputy Director, Rockbund Art Museum, Shanghai), Dr. Boris Groys (Global Distinguished Professor of Russian and Slavic Studies, NYU and Senior Research Fellow, Karlsruhe University of Arts and Design, Germany), Hameed Haroon (CEO, Dawn media Group, Pakistan), Robert Storr (Dean, Yale School of Art), Jeebesh Bagchi (Member, RAQS Media Collective), Geeta Kapur (Critic and Curator), Tapati Guha-Thakurta (Director and Professor in History, Centre for Studies in Social Sciences, Kolkata).

The Speakers Forum is open (free of charge) to the public, and is supported by AVID, the Geothe Institute and Indian Council for Cultural Relations (ICCR), and curated by Critical Collective.

Neha Kirpal, Founding Director of India Art Fair says:

“The focus of the art fair, given the present business environment particularly in the art sector, is on developing new audiences, and initiating new energy in the Indian art market. Whilst it gives those with limited knowledge about art an opportunity to see a diverse spectrum of art, for existing collectors, it offers a brand new line up of exciting works”.

“We chose to partner with India Art Fair, as it is the perfect culmination of knowledge enhancement, cultural engagement, business transactions and international collaboration. It is outstanding, as an endeavor to foster creativity and promote art amongst growing interest groups here in India”,

Rana Kapoor, Founder, Managing Director & CEO, YES BANK.

“Christie’s is delighted to support the India Art Fair in 2013 as we recognize its importance as a convening moment for all those who are passionate about the future of the Indian art market and are interested in India’s national artistic development”,

Amin Jaffer, International Director Asian Art, Christie’s

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ASSOCHAM’s 6th SME Sammelan 2013 in Mumbai on Jan. 23

EFT Bureau, Mumbai: Encouraged by the tremendous success of the earlier SME programs held in different states of India, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has decided to organize “6th SME Sammelan – Driving SMEs to Growth” on January 23, 2013 at Hotel Ramada Plaza, Juhu in Mumbai.

Mr. KH Muniyappa, Hon’ble Minister of State, Ministry of MSME, Government of India and Mr. Narayanan Rane, Hon’ble Minister for Industries, Government of Maharashtra have been invited as the Chief Guest. Besides, Mr. Vivek Rae, IAS, Secretary, Ministry of MSME, Government of India, Mr. Manu Kumar Shrivastava, IAS, Principal Secretary, Department of Industries, Government of Maharashtra and Ms. Radhika Rastogi, IAS, Director of Industries, Government of Maharashtra will also make their benign presence at the Seminar.

Considering the fact that Maharashtra houses a large number of SMEs, which significantly contributes to the GDP of the State and Nation, ASSOCHAM is keen to promote cause of SMEs and support them to attain new heights of the success.

Registration Fees:

Delegate Fee: Rs 2,000 per delegate (10% discount for two or more persons from the same organization.)

For more details please contact:

UK Joshi, Director (T): 011- 46550583; (E): u.k.joshi@assocham.com
Mr. Varun Gogia (M): +91-98710-98716, +91-98710-98716; (E): varun.gogia@assocham.com
Mohd. Zumair (M): +91-98712-38900, +91-98712-38900; (E): mohd.zumair@assocham.com
Mr. Sumitra Srivastava (M): +91-88001-23463, +91-88001-23463; (E): sumitra.srivastava@assocham.com

Corporate Office:

The Associated Chambers of Commerce and Industry of India
ASSOCHAM Corporate Office, 1, Community Centre Zamrudpur
Kailash Colony, New Delhi – 110 048
Phone: 46550555 (Hunting Line)
Fax: 46536481/46536482 46536497/46536498
Email: assocham@nic.in

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Mumbai to Host Indian Luxury Expo 2013 From April 3–5

EFT Report, Mumbai: After wooing connoisseurs of fine living in Hyderabad, the Indian Luxury Expo 2013 is now heading towards Indian financial capital of Mumbai and promises to showcase the best brands in the business from across the globe under one roof.

The three-day event, starting from April 3, 2013 will take place at Mahalakshmi's Turf Club.

The exposition that plans to tour five Indian cities, started from Hyderabad in December and showcased everything related to lifestyle—from vehicles to high-end electronic goods to home decor to jewelry and apparel.

Indian Luxury Expo 2013 in Mumbai

"Mumbai brings the extreme of India in a mystifying melange. Regarded as the financial capital and attracting business moguls and leisure travelers alike, Mumbai has its best share of luxurious comforts to offer world class stay and recreation to the visitors," Karan Bhangay, chief executive officer, The India Luxury Expo, said in a statement.

As many as 40 lifestyle brands will participate and guests will be invited via personal invitation.

"The expo is a one stop shop to showcase some of the most prominent brands that will cut across 20 lifestyle segments to cater to an elite and discerning target audience," added Bhangay.

After Mumbai, the exhibition will travel to Delhi, Chennai and Bangalore.

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Max Bupa Launches Online Insurance ‘Health@Companion’

EFT Report, New Delhi: Indian insurance firm Max Bupa launched its Health@Companion insurance scheme online on Jan. 22, 2013 to reach customers in smaller cities and towns.

The product can only be bought online and would help the company cut distribution and other costs by 15 percent.

The company will thus be able to lower the premium paid by customers living in the tier-II and tier-III cities. The premium would also reflect the lower medical costs in a particular region.

"We feel that this unique product will bring in more volumes, as it gives us immense reach into the tier-II and III cities," said Manasije Mishra, chief executive, Max Bupa.

Max Bupa ‘Health@Companion’ Insurance Plan

"The lower premium factor also will make the new product more attractive for buyers in these areas."

The company, which has presence in some 12 Indian cities, added that it will keep innovating new products that can be sold over the e-commerce platforms.

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13th Delhi Sustainable Development Summit 2013 From Jan. 31–Feb. 2

Report by Santanu Ganguly, New Delhi: Featuring an illustrious array of distinguished Heads of State, Nobel Laureates, Policymakers and Corporate leaders, The Energy and Resources Institute’s (TERI) 13th Delhi Sustainable Development Summit will be inaugurated by the Prime Minister of India, Dr. Manmohan Singh.

The 13th edition of The Energy and Resources Institute’s (TERI) widely popular Delhi Sustainable Development Summit (DSDS) is all set to witness focused discussions among global leaders on resource-efficient growth, climate change and protection of natural resources. The three-day Summit, which will be held at Hotel Taj Palace in New Delhi from January 31-February 02, 2013, is themed “The Global Challenge of Resource-Efficient Growth and Development”--one of the most pressing challenges faced by the world today.

13th Delhi Sustainable Development Summit 2013

In a significant gesture, the Prime Minister of India, Dr. Manmohan Singh, will be officially raising the curtain on the DSDS this year. Pushing the agenda for sustainable growth, the Summit aims to provide an efficient platform for thought leaders and policymakers to discuss effective policy mechanisms to reduce energy and resource footprint. The Summit seeks to not only build a global consensus to protect natural resources, but also to explore innovative solutions to boost efficient practices and minimize unsustainable consumption patterns.

Highlighting the Summit’s role in framing the global agenda on sustainable development, Dr. R K Pachauri, Director-General, TERI, India, said, “Sustainable Development as a concept was popularized by the Brundtland Commission, but hardly received attention from influential world leaders till very recently. DSDS was launched in 2001 with foresight on the crucial importance of converting this concept into worldwide practice. Over the years with the involvement of world leaders from every section of human endeavor, sustainable development has moved from a concept to policies and programs in different parts of the globe. DSDS has been an important instrument in bringing about this change.

The 13th edition of the widely popular Summit will feature a dazzling array of distinguished luminaries, including Mr Donald Ramotar, President, Government of Guyana; Mr James Alix Michel, President, Seychelles; Mr Anote Tong, President, Republic of Kiribati; Ms Tarja Halonen, Former President, Finland; Mr Haruhiko Kuroda, President, Asian Development Bank; Mr Donald Kaberuka, President, African Development Bank; Mr Nassir Abdulaziz Al-Nasser, President, sixty-sixth session of the UN General Assembly; The Rt. Hon. The Lord John Prescott, House of Lords, UK; Nobel Laureate Carlo Rubbia, Scientific Director, Institute for Advanced Sustainability Studies, Germany; Prof. Jeffrey D. Sachs, Director, The Earth Institute, Columbia University, USA and Mr Thomas L Friedman, Foreign Affairs Columnist, The New York Times, USA.

The eminent guests will engage in highly interactive and informative discussions on myriad themes such as Adapting to the Impacts of Climate Change; Mitigating Emissions of Greenhouse Gases and Associated Co-benefits; Employment and Growth Potential of a Green Economy; Choices before the BRICS and a New Economic Construct; Sustainable Development and the New Knowledge Economy; and Defining the Future We Want.

A central novelty at DSDS this year will be the thematic tracks, which will allow for detailed discussions on niche topics. Global Trends in Sustainable Production And Consumption with a special focus on edible oils; Mindset of Green Growth; Post-2015 Development Agenda and the Energy Future We Want for All; Reducing Inequalities: a Sustainable Development Challenge and Low carbon sustainable mobility for all will be some of the key areas on which parallel discussions will take place on the sidelines of the Summit.

In addition, the tenth World CEO Sustainability Summit (WCSS)—themed ‘Resource Revolution: A Global Imperative and How Business Can Shape It’--will witness an impressive congregation of corporate leaders exchanging views on the role of business in protecting resources.

Revealing the rationale behind the Summit’s central theme, Dr. Pachauri asserted, We are living in a world where the demand for several resources is growing faster than the addition to their reserves. High resource use intensity is also associated with economic inefficiency. Hence, improving the efficiency of use of resources in an economy can often be achieved at low or negative cost, thereby providing economic gains. Most importantly, using resources efficiently also makes it possible for the poor to gain access to them, which otherwise they may not be able to afford.

According to numerous studies, India—like many other nations—is staring at an impending scarcity in the wake of increasing and unplanned consumption of non-renewable resources. A TERI study had indicated that the total commercial energy consumption in India would increase by 7.5 times between 2001 and 2031, under a business as usual scenario. In addition, imports of coal, oil and gas are also expected to increase manifold in the next couple of decades.

To overcome this stark situation, the need of the hour is to identify and address the systemic roadblocks to sustainable development. Undoubtedly, framing strong policies and ensuring their effective implementation will require unprecedented levels of cooperation between international governments. Through the DSDS series, TERI aims to herald this much-needed change by enabling nations, scientists, experts and policymakers to join hands in saving the planet.

Launched in 2001, TERI’s flagship event, the Delhi Sustainable Development Summit (DSDS), has evolved into a global forum where Heads of State, Nobel Laureates, international policymakers, heads of multilateral institutions and corporate bodies, celebrities, youth and concerned citizens converge to discuss globally-relevant issues.

Since its inception, the DSDS series has enjoyed support and participation from over 33 heads of state and ministers from more than 43 countries, exemplifying its global appeal and relevance.

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50th India international Garment Fair Begins at Pragati Maidan

EFT Bureau, New Delhi: The Golden Jubilee (50th) of India international Garment Fair (IIGF) kick started at Pragati Maidan, New Delhi on Jan. 22, 2013 in presence of Mrs. Kiran Dhingra, IAS, Secretary Textiles (Guest of Honor), Mr. V Srinivas, IAS Joint Secretary, Exports and Dr. A Sakthivel, Chairman AEPC. The details are as follows:

Date:

Jan. 22–24, 2013

Venue:

Pragati Maidan, Hall No-12 A, New Delhi

Media persons can enter from gate no 4. For any assistance call Sameer Pushp Sr.PRO AEPC on 09811229110.

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Samsung Launches 5-inch Galaxy Grand Smartphone at Rs 21,500

EFT Report, New Delhi: After the success of Galaxy Note and Galaxy Note II, Samsung has launched another big-screened smartphone "Galaxy Grand" in India for Rs 21,500. The phone has a 5-inch WVGA TFT LCD display.

The Samsung Galaxy Grand is a dual SIM smartphone, which runs Android 4.1.2 (Jelly Bean) and is powered by a 1.2 GHz Dual Core processor. The phone has an internal memory of 8 GB (user memory of 4 GB), which can be expanded up to 64 GB via a microSD card slot. The Galaxy Grand has 1 GB RAM.

The phone has an 8 megapixel rear camera and a 2 megapixel front camera, which supports zero shutter-lag and ultra-quick camera start-up. It comes packed with a 2,100 mAh Li-ion battery. The Galaxy Grand measures 77 x 143.7 x 9.6 mm, and weighs 162 g. The device is available in Elegant White and Metallic Blue color options.

Samsung Galaxy Grand Smartphone

"As a special introductory offer, the device comes with a Flip Cover in the box and users can download music and movies through 'My Services' worth Rs 8000 free along with 50GB Dropbox space. Vodafone users also get 2GB data download free per month for 2 months," said Samsung.

With the launch of this device, Samsung now offers a range of 6 Dual SIM Smartphones and a total of 14 Smartphone models priced in the range between Rs 6,990 and Rs 39,900.

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Bangalore to Host ‘Aero India 2013’ on Feb. 6

EFT Bureau, Bangalore: Indian Defense Minister Mr. AK Antony would inaugurate the Ninth Edition of Aero India on February 6, 2013 at Air Force Station Yelahanka in Bangalore.

Organized by Department of Defense Production this biennial event provides a significant platform for Indian and Foreign vendors. The five day show aims at promoting products and services being offered by Indian Defense Industry in the International Market and providing exposure to the Armed Forces, R & D personnel to the latest Aviation and Aerospace Industry.

Bangalore to Host ‘Aero India 2013’

While Aero India 2011 saw the participation of exhibitors from 29 countries with more than 675 companies and 47 overseas delegations accommodated over the gross exhibition area of 75,000 Sqm, the Ninth Edition of this International Aerospace Exhibition is expected to see the participation of over 600 companies and 78 overseas delegations accommodated over an approximate area of 1,25,000 Sqm. The largest overseas participation is seen from USA with indoor space occupied being 1,185 sqm followed by Israel and Russia. Other major participants are France, UK, Germany and Belgium, Bulgaria, Italy, Ukraine, Australia, Belarus, Czech Republic, Japan, Norway, South Africa, Spain, Switzerland, Austria, Brazil, Canada, Netherlands, Romania, Sweden, UAE and Singapore.

The event would also see the participation of aerobatic teams—Flying Bulls from Czech Republic, Russian Knights-Russian Air Force Aerobatic Team and IAF’s Sarang Aerobatic Team.

The first edition of Aero India was held in December 1996 with an objective to provide significant platform for business opportunities in the International Aviation sector as well as to exhibit capabilities of Indian Defenses R&D and Production. Being a biennial event subsequent editions were held in 1998, 2001, 2003, 2005, 2007, 2009 and 2011. While a modest 176 companies participating in the second edition of Aero India in 1996, the event in its Ninth Edition of 2013 is expected to feature over 600 companies.

More than 78 official delegations are expected to attend the four day exhibition with many products expected to be launched by Indian and Foreign Companies during the exhibitions. Several Business to Business meetings are planned to be held on the sidelines. The Federation of Indian Chambers of Commerce and Industry (FICCI) is the Event Manager of Aero India 2013.

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Pantel Presents Valentine's Day Special 'Penta T-Pad IS701C'

Report by Santanu Ganguly, New Delhi: Pantel Technologies Private Limited (PTPL), the pioneer and innovator in devising latest technology tablet offers you the Penta T-Pad IS701C designed to cater to a cross section of users which include avid gamers, busy professionals, thrill-seeking youngsters, multi-tasking homemakers and tech-savvy students making it an ideal gift for this Valentine’s Day!

High-end technology at an unbelievable price of Rs 4,999 is the dictum of the Penta T-Pad IS701C Tablet PC which comes with a Wi-Fi connectivity and ability to connect through 3G USB dongle. The Tablet pc also supports a front camera to capture the images of your loved ones or a video call through internet apps like Skype. It responds instantly and accurately to every touch, drag, zoom, or twist of the fingers. It is pre-loaded with many applications that include Facebook, Twitter, Angry Birds, Skype for video calling, and many more that keep the users hooked on to this tablet for hours. The Tablet PC also dons a powerful battery of 3000mAh for long hours battery back-up.

Penta T-Pad IS701C

The performance oriented Penta T-Pad IS701C further comes with a 3D feature, allowing the user to enjoy uninterrupted 3D viewing on the Penta T-pad multi-touch capacitive screen. The ‘all-port’ architecture on this Tablet PCincludes features like Camera, HDMI port to help you connect and enjoy HD video on your HDTV, Mini and Host USB port to further charge and connect to speakers, keyboard or any other I/O device at the same time, providing a smooth user experience. A 16:9 aspect ratio and 16M colors TFT-LCD display adds to the viewer’s experience.

Pantel Technologies has entered into a strategic reverse data bundling alliance with Bharat Sanchar Nigam Limited, to jointly address the data & ICT needs of Indian consumers by launching attractive data plans bundled with the entire range of Penta T-Pad tablet PC(s).

So, make this Valentine’s Day all the more special by splurging on the amazing Penta T-Pads by sharing and experiencing the fun and happiness that these amazing devices promise to offer. ‏

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French High Tea, Fromage Board at CHERI From Jan. 27–Feb. 27

Report by Santanu Ganguly, New Delhi: With the New Year, Cheri adds two new elements to its existing French experience – French High Tea and a Cheese Board.

FRENCH HIGH TEA AT CHERI

At Cheri, they take our tea time very seriously! Which is why they have introduced an elaborate but convenient French High-Tea Special applicable in the in-between hours (between) lunch and dinner.

Served on a classic Charlie, the High-Tea comprises of unlimited Tea and Coffee along with Finger Sandwiches (such as Smoked Salmon and Caviar Sandwich, Cucumber and Cream Cheese sandwich), Canapes(like the Prosciutto and melon canapé), Sweet Delights (Chocolate Madeleine, A range of Macaroons, Blueberry scones and much more) along with other Petits Fours.

High Tea Charlie at Cheri

WHERE: Cheri, One Qutub, 1501 Kalka Das Marg, Mehrauli

WHEN: From 27th January till 27th February 2013

TIMINGS: 3 pm to 7 pm

PRICE: Rs 799 ALL INCLUSIVE

CONTACT DETAILS: +91-8800480048, 9654101501

FROMAGE BOARD AT CHERI

Indulgent delights are not always sweet, and at Cheri, we promise to floor with Cheese delights.

Cheese Board at Cheri

The Cheri Fromage Board or Cheese Board includes in its experience an assortment of Hard and Soft Cheese such as Gruyere, Emmental, Bocconcini, Brie, Buffalo Mozzarella, Stilton Blue, Parmesan and Cheddar.And the cheese journey is accompanied with Slices of Baguette, Fresh & Dried Fruits and Assorted Crackers

WHERE: Cheri, One Qutub, 1501 Kalka Das Marg, Mehrauli

WHEN: From 27th January till 27th February 2013

TIMINGS: All through the day, 12 noon to 12 midnight

PRICE: Rs 850 (Additional taxes may apply)

CONTACT DETAILS: +91-8800480048, 9654101501

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Indian Railways to Revise Passenger Fares From Jan. 22

EFT Bureau, New Delhi: The Ministry of Railways has issued circular giving details of its decision to revise Passenger Fares from Jan. 22, 2013. Details of the fare revision are as under:-

1. Minimum Fare: The Minimum fare chargeable will be Rs. 5.

2. Development Charge: On the revised basic fares which shall become effective from 22.01.2013, development charge shall not be leviable.

3. Rounding off of Fares:

(i) Fares of all classes except Second Class Ordinary (Suburban):- Chargeable Fares, as obtained after adding Miscellaneous Charges like Reservation Fee, Supplementary charge for Superfast trains, Catering Charge, Service Tax etc. To the Basic Fare, will be rounded off to the next higher multiple of Rs. 5.

(ii) Second Class (Suburban) Fares:- Chargeable Fares for Second Class Suburban passengers as obtained after adding applicable miscellaneous charges like MUTP Surcharge etc. (as and where application) TO THE Basic Fare, will be rounded off to the next higher multiple of five rupees, except that in cases where either ‘1’ or ‘6’ comes up as the last digit (i.e. in unit’s place) it will be rounded off to the immediately lower multiple of Rs. 5, i.e. Rs. 11.00, Rs. 21.00, Rs. 31.00 etc. would respectively become Rs. 10.00, Rs. 20.00, Rs. 30.00 etc. and Rs. 6.00, Rs. 16.00, Rs. 26.00 etc. would respectively become Rs. 5.00, Rs. 15.00 and Rs. 25.00 etc. and Fare values ending in Rs. 2, Rs. 3 or Rs. 4 would be getting rounded off to Rs. 5 and those ending in Rs. 7, Rs. 8, or Rs. 9 to Rs. 10 and so on and so forth.

4. It is also decided that the existing fares of train services like Rajdhani, Shatabdi, Garib Rath, Jan Shatabdi, Duronto, Rajya Rani and Yuva Expresses will similarly be revised to the extent of the proposed increase in class-wise fares.

5. As per earlier circular of Railway Board dated 26.12.2012, as a special case to facilitate the passengers of Muhakumbh Mela it has been decided if any passenger purchases an unreserved reverse ticket through UTS from any station on Indian Railways for journey to any one of the 12 stations in Allabhbad region serving Mahakumbh Mela and back the reverse ticket will be allowed to be booked upto 15 days in advance excluding the day of journey subject to levy of Mela Surcharge as per extant instructions. In this case also the difference of fare will be collected on board in the trains in case tickets are booked in advance and before 22.01.2013 in respect of above.

6. Other Charges: There is no change in charges for reservation fee etc. Such charges, wherever applicable, which shall continue to be levied additionally. However, the second class superfast Surcharge shall be rounded off to Rs. 10/-.

7. The changes in fares as above shall come into force w.e.f. 22.01.2013.

8. Service tax will be levied as applicable as per instructions issued in this regard.

9. Instructions issued earlier that in the case of Rajdhani/Shatabdi/Jan Shatabdi/Duronto Express trains, the concession wherever admissible and in child fare also, it will be granted only in the basic fares and that all other charges (Catering, Reservation Supplementary charges like Superfast Surcharge, Enhanced Charges, Service Tax (if any) etc.) shall be collected in full. This will be applicable from 01.04.2013

10. The revised fares will also apply to tickets issued in advance for journeys to commence on or after 22.01.2013. Until new tickets are printed, old printed card tickets will be issued after having necessary corrections in fares made on them in advance. Such alterations by the staff would be made preferably by stamp or in ink.

11. In the case of tickets already issued at pre-revised rates, it should be ensured that the difference in fares and other charges on or after 22.01.2013 will be recovered either by TTEs on the trains or by the Booking/Reservation Offices before the commencement of journey by passengers.

The detailed revised passenger fare table effective from 22.1.2013 is available on the Ministry of Railways website i.e. www.indianrailways.gov.in .

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