ICC officials inspect Mumbai venue for World Cup

The International Cricket Council has started an inspection of two Indian venues for the World Cup after concerns over delayed renovation work.

Officials visited the Wankhede Stadium on Monday to check on its status and will make a similar inspection of the Eden Gardens in Calcutta on Tuesday.

Both venues missed the original deadline for construction of Nov. 30, and the ICC ordered faster progress so the stadiums could be ready for handover to the ICC on Jan. 31.

The World Cup, being jointly hosted by India, Sri Lanka and Bangladesh, starts on Feb. 19.

Mumbai will host two matches on March 13 and 17 and the final on April 2. Calcutta will host four matches, the first on Feb. 27 between India and England.

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Interpol's most wanted Indians

Between January 2008 and September 15, 2010, Interpol issued Red Corner notices for 338 Indian nationals. A Red Corner notice allows a warrant issued by a national authority to be circulated worldwide, with the request that the wanted person be arrested with a view to extradition. Earlier, Interpol had issued 495 Red Corner notices against Indians worldwide between 2001 and 2007.

Interpol, the world's largest international police organisation, has 188 member nations. It facilitates cross-border police cooperation. Interpol statistics put India in the big league of crime-exporting nations. Out of a list of 7,858 wanted persons, 369 are Indians. That is a higher number than notices issued to persons from the United States (321), China (216), Pakistan (160), the UK (58), Canada (98), Australia (24), Saudi Arabia (27) and Japan (13).

According to the Central Bureau of Investigation (CBI), the "probable reason" for the high number of wanted criminals of Indian origin "could be that most of these subjects are expatriates and living in other countries temporarily for employment purposes".

The list of countries where most of these Indian nationals have committed crimes includes the United Arab Emirates, Oman, Qatar, Saudi Arabia, Canada and the United States.

INDIA TODAY petitioned the CBI under the Right to Information Act (RTI) for details on the most recent Red Corner notices. According to the CBI reply, of the 338 Red Corner notices issued between 2008 and 2010, only 86 were for crimes committed in India. That means only 25 per cent of the total Red Corner notices against Indians originate because of a crime in their home country. In other words, three-fourths of the crimes committed by Indians that led to Red Corner notices against them, were abroad.

The Red Corner notices against Indian nationals are issued by the General Secretariat of Interpol, Lyon, France, on the recommendation of the CBI, which also acts as the National Central Bureau (NCB) for Interpol.

"Our Interpol wing furnishes the details of all Red Corner notices to the Bureau of Immigration-under the Ministry of Home Affairs-for issuing Look Out Circulars (LoC) against such persons," says a senior CBI official. "The LoCs issued by the Bureau of Immigration are circulated to all immigration checkpoints/border posts in India."

While the premier investigating agency has information about 11 such wanted persons who were arrested in India, it does not have any information about criminals who may have been arrested abroad. Says CBI Deputy Inspector General Anurag, "No such database on the arrest of criminals of Indian origin worldwide is available. However, 11 criminals were arrested during 2010, all of whom were wanted in India and against whom Red Corner notices were issued."

Dawood Ibrahim, arguably one of India's most wanted men and the reason for much friction with Pakistan, has been the subject of a Red Corner notice for long. He is also the subject of another notice called the Interpol-United Nations Security Council Notice, issued to "individuals associated with Al Qaeda and the Taliban, as listed by the UNSC." There are many more Indians to give him company in the red corner.
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nifty tips for jan 21 st 2011

strong recommendation with out stop loss make profit with little
nifty buy above 5735.95 for target of 5758.50
sell nifty below 5708.05 for target of 5685.50

The crunch in liquidity is likely to result in high interest rates on bank & corp FDs

Make the best of uncertainty

THE STOCK market is on a roll and equities are becoming increasingly expensive. Risk takers are picking up stocks and lapping up the public issues lined up in the rising market. Thanks to the Center's disinvestment target of Rs 40,000 crore for 2010-11, a number of public-sector companies have lined up attractively priced share sales. In such a scenario, what should your strategy for 2011 be? "The proportion of your savings that should be allocated to debt depends on your age, risk profile and financial goals, but it should neither be zero nor dangerously high," says Harsh Roongta, founder and CEO, Apnapaisa.com. "In general, you can follow the '100 minus age' rule to decide your equity exposure and invest the rest in debt." For a 40-year-old, the investment portfolio should have 60 per cent equities and 40 per cent debt. If you are in the highest tax bracket of 30 per cent, analysts suggest exhausting the entire limit of `Rs 70,000 as annual investment in Public Provident Fund (PPF) to achieve the tax deduction limit of Rs1 lakh under Section 80C of the Income Tax (IT) Act. Your investment gets locked in for 15 years, but a tax free annual return of eight per cent, along with tax benefits, makes it one of the best debt investment options.
The Employees' Provident Fund Organization (EPFO) has increased the rate of interest for 2010-11 from 8.5 per cent to 9.5 per cent. Though the increased rate is valid only for the current fiscal, analysts say that increasing your EPF contribution within your debt allocation limit is a good option, provided you don't need the money in the immediate future. You can take loans against your EPF account for select purposes, such as buying a house or its renovation, education of children and marriage of children or siblings. Premature withdrawal is allowed only on completion of a minimum membership period, which varies according to the purpose of the loan. In contrast, bank fixed deposits have been offering 7.5- 8.5 per cent for investments ranging between 18 months and three years. With sustained shortage of liquidity in the market, several banks raised their deposit rates in December. The Reserve Bank of India (RBI) had also been pushing the banks to raise deposit rates and cut lending rates to help the economy expand at a faster pace. "For a slightly higher yield, you can opt for company fixed deposits. However, unlike bank fixed deposits, corporate fixed deposits are not protected through any guarantee," says Kartik Varma, co-founder, iTrust Financial Advisors.
With commercial papers fetching around nine per cent, short term fixed maturity plans are good for those considering debt, says Roongta. If you haven't invested in any infrastructure bond, you should not miss the opportunity to put in `20,000 in the notified infra bonds that are in the pipeline. This amount will be eligible for an additional tax deduction in 2010-11 under Section 80CCF of the IT Act. Once the DTC comes into effect from April 1, 2012, the Rs 1 lakh tax deduction allowed under Section 80C of the IT Act will be available only for investments in retrial accounts, such as PPF, EPF, New Pension Scheme, and in government notified saving schemes. These investments will fall under the EEE taxation treatment — exempt at the time of investment, during accumulation and at withdrawal. If you are saving for the short term, analysts advise not to rule out the National Savings Certificates (NSCs) and post-office savings deposits. "NSC combines tax saving with liquidity," says Roongta.
An investment of Rs 100 in NSCs grows to Rs 160.10 at maturity after six years. The annualised return from NSCs comes to 8.16 per cent before tax. The postal department also offers fixed deposits with a lock-in period of one year. The rate of interest is 6.25 per cent, 6.50 per cent, 7.25 per cent and 7.5 per cent for one, two, three and five years, respectively. After accounting for the tax deductions under Section 80C, the effective return from these instruments will be higher. Even at maximum level, debt instruments will give a pre-tax return of 10-11 per cent. Though they keep your money safe, excess exposure will lead to erosion of its value. So even though inflation may have dropped to 7.5 per cent in November, the real yield from debt instruments will be nominal or negative.

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NIFTY MARKET TREND FOR TREND DECIDER

hence nifty can pull back from current level if it breaks can expect the market to 4750
for 11/1/11 the market can go to high or low from this level high could find away to new high like all time high .
tips nifty future for 11/1/11
buy above 5801 tgt 5846 5891 5936 5980
sell below 5742 tgt 5697 5652 5607 5562

intraday crucial level is 5772

NIFTY CRUCIAL AND POSTIONAL TIPS FOR JAN 10 2011

HAPPY NEW YEAR TO ALL FRIENDS AND TO ALL IN THIS WORLD
NIFTY FUTURES CRUCIAL LEVEL IS 5911 FOR INTRADAY

POSITIONAL NIFTY TIPS HOLD FOR 5 DAYS
BUY ABOVE THIS LEVEL 5941 TGT 5986 6032 6077 6122
SELL BELOW THIS LEVEL 5881 TGT 5835 5790 5744 5699

IF NIFTY HOLDS BELOW 5699 THEN TGT IS 5473
IF NIFTY HOLDS ABOVE 6122 THEN TGT IS 6349