Wednesday, April 15, 2009

Bailout package for recession-hit next week

Export-oriented industries to get Tk 2,500-3,000cr in cash subsidy, says minister

The government may allocate Tk 2,500-3,000 crore cash subsidy to affected export-oriented industries in the recession package it is going to announce next week to tackle the fallout of global meltdown.

"Only the affected exporters will be given bailout assistance from the package, and it may be Tk 2,500 crore to Tk 3,000 crore'" Commerce Minister Faruk Khan told reporters at his office yesterday.

And Finance Minister AMA Muhith said on the day the recession package would be announced before Prime Minister Sheikh Hasina goes abroad.

Hasina is scheduled to leave for Saudi Arabia on April 22 on an official visit.

Components of the package were already made public earlier, Muhith said while talking to journalists at his office after a meeting with representatives of the Association of Development Agencies Bangladesh.

Finance ministry sources said the sectors to get cash subsidy include jute and jute goods, leather, frozen foods, garments, textile etc. There would be a committee to recommend cash subsidy.

Additional cash subsidy would be given in the next fiscal year, the sources added.

Meanwhile, many export-oriented sectors now get cash incentive, and Tk 1,050 crore has been allocated for this in the present budget. Of the amount, Tk 243 crore was released early this month.

The recession package would consist of bank facilities as well as tax and other facilities apart from cash subsidy.

Bangladesh Bank (BB) had earlier issued directives to the commercial banks in this regard at a meeting of their chief executives.

The bank facilities consist mainly of loan rescheduling without down payment and lower interest rate. Six sectors will get this rescheduling for six months.

The central bank recently told the commercial banks that they would not be allowed to charge interest higher than 13 per cent.

In a related development, the World Bank (WB) last week cautioned the government about the demands for bailout. This might not benefit the poor, the WB said.

And the government does not have adequate fiscal space to finance large bailout packages, it noted.


link by thedailystar

HSC, equivalent exams begin

Higher Secondary Certificate (HSC) examinations began across the country today with a total of 618,308 candidates from 7,237 educational institutions registered for the examinations.

The HSC and HSC-equivalent exams are being held in 1919 centers under eight general education boards, one technical and one Madrasha education boards.

The highest 153,398 students appeared at the examination from Dhaka Board while the lowest 18,340 from Sylhet Board.

A total of 59,354 examinees are sitting for the examination under Madrasha Board while 64,121 from Technical Education Board.

Some 170 students sat for the examination from five overseas centres in Jeddah, Riyadh, Qatar, Abu Dhabi and Tripoli.

Meanwhile, Dhaka Metropolitan Police (DMP) imposed restrictions on movements of all, except examinees, in a radius of 200 yards around the examination centres.

DMP Commissioner AKM Shahidul Haque said the ban was imposed under section 28 and 29 of the DMP Ordinance “to ensure peaceful atmosphere in all the examination centres in the metropolitan area”.

The restrictions will remain effective till May 28, said a DMP release.

According to the ministry of education, similar strict security measures have also been taken for other exam centres across the country.

Of the total candidates, 55.17 percent are boys and 44.83 percent girls.


link by thedaily star

India kicks off marathon elections

Indian voters queue to cast their vote in Varanasi on April 16, 2009. India kicked off month-long elections, with all signs pointing to a splintered result and government by an unsteady coalition that would struggle to see out a full term.

India kicked off month-long elections today, with all signs pointing to a splintered result and government by an unsteady coalition that would struggle to see out a full term.

Neither of India's two main national parties -- the incumbent Congress and the Hindu nationalist Bharatiya Janata Party (BJP) -- is seen as capable of securing an absolute majority in the five-stage elections.

In an early indication that voting could be tainted by violence, Maoist rebels in the eastern state of Jharkhand killed six soldiers who were on duty to protect polling stations.

With a slew of regional and local parties expected to grab up to 50 percent of the 543 parliamentary seats on offer, the final result will kick off an intense period of horse-trading as the big players rush to form a viable coalition.

The prospect of a patchwork government with no united policy is a bleak one, with India facing a sharp economic downturn and increasing domestic and regional security concerns.

"What we need is a government which will pull India through these difficult times," said political analyst Rasheed Kidwai.

"The tragedy is that the influence of the main national parties has shrunk so much. The regional parties which are on the rise, are without the national outlook needed at this stage," Kidwai said.

More than 700 million Indians are eligible to vote in the world's largest democratic exercise, with around 143 million registered for the first phase alone.

Thursday's ballot will take in large swathes of northern and eastern India, including areas beset by a range of violent insurgencies involving tribal rebels, Maoist guerrillas and Muslim militants.

In order to increase voter safety, more than two million security personnel will be rotated around the country over the five phases of balloting that end on May 13. Final results are to be announced on May 16.

The leading candidates for prime minister are both veterans. The incumbent, Manmohan Singh of the Congress Party, is 76, while his main challenger, the BJP's LK Advani, is even older at 81.

The only viable alternative to a Congress- or BJP-led coalition is provided by a loose alliance of left-leaning and regional parties called the "Third Front."

Negotiations are ongoing, but the alliance may join forces with Mayawati Kumari -- the self-styled champion of the lower castes who has made no secret of her ambition to become India's first "untouchable" prime minister.

Yashwant Deshmukh, who heads a public polling agency, warned that a shaky coalition would be unable to implement tough economic reforms for fear of losing support.

"If you have an unstable government, chances are that the decisions it takes will be populist and protectionist in nature, and that will impact adversely on market reforms," Deshmukh said.

"Still, whatever government emerges is not going to last more than two years," he added.

Many voters are expected to make their choices along religious and caste lines or on the basis of strictly regional issues that impact their daily lives.

Any new government's room to fix problems will be sharply curbed by lavish spending in the past on a national jobs scheme, farm loan waivers, civil service wages hikes, tax cuts to spur growth and other steps.

India's fiscal deficit for the last financial year was six percent of GDP -- more than double the target -- and 11 percent if the states' deficits are included.

The campaign has become heated at times, causing the Election Commission to condemn unnamed party leaders for speeches "inciting communal hatred."

One high-profile candidate, Varun Gandhi -- a black sheep of the Nehru-Gandhi political dynasty -- was jailed after threatening to cut off the hands of anyone who dared harm India's majority Hindus.

Rival party leaders traded last-minute barbs on Wednesday, with Advani labelling Singh "a puppet" of Congress president Sonia Gandhi, to which Gandhi responded that Advani was "a slave" to right-wing Hindu organisations.

The regions voting on Thursday include sensitive areas of Kashmir near the Pakistan border and northeastern states on the frontier with Bangladesh.

"We have heightened our vigilance along the borders. Infiltration attempts are a serious matter," said the head of the paramilitary Border Security Force, ML Kumawat.


Photo:AFP

SC grants two-week parole to Varun Gandhi


The Supreme Court has granted two-week parole to Bharatiya Janata Party leader Varun Gandhi.

The apex court has asked Varun to give a new undertaking to the Superintendent of Police at Etah.

The Supreme Court was slated to decide on the leader's release from Etah jail on Thursday. Varun had challenged his detention under National Security Act (NSA) by Mayawati government for his hate speeches.

During the last hearing, the Supreme Court had indicated that his detention was harsh and said Varun can be released if he gives an undertaking that he will not make such provocative speeches in future.

The court also asked the Uttar Pradesh government whether such undertaking is acceptable to them. Vaun has given his undertaking to the District Magistrate, Philibit, which had been sent to the government.

"If he gives an undertaking that he will not make any such provocative speeches, then his plea could be considered," a Bench headed by Chief Justice K G Balakrishnan had said, posting the matter for further hearing for April 16.

Senior advocate Mukul Rohatgi, appearing for the BJP candidate from Pilibhit in Uttar Pradesh, had said his client was ready to accept any condition as time was running out for the campaigning and he has to file the nomination papers which was starting on April 17.

link by NDTV

Naxals strike as voting begins for Lok Sabha polls

Polling for the first phase of elections to Lok Sabha began on a violent note with Naxals striking in Jharkhand, Chhattisgarh and
Voters in Ranchi
Voters line up to cast their votes as security personnel stand guard at a polling booth in Madangundi village, about 150 km from Ranchi. (Reuters Photo)
Bihar killing nine people even as voters trickled in at ballot booths across 17 states and union territories.

As soon as the polling began in Jharkhand, Naxals struck a BSF bus, killing seven persons, including five BSF personnel, in Latehar district. ( Watch )

A helper and the civilian driver of the bus were among those killed in the landmine blast in the area, about 125 kms from Ranchi, according to deputy commissioner Sarvendu Tathagat.

The bus ferrying the BSF personnel from Ladhup to Arah was blown by the landmine blast triggered by the Maoists at around 7.30 am killing five BSF personnel, one helper and the civilian driver, the DC said.

The BSF personnel were returning after patrolling. A helicopter has flown to the spot for rescue operation, he said, adding an encounter is going on.

A homeguard and a police personnel on poll duty was shot dead and another injured by Naxals in Singhpur village under Banke Bazaar police station in Gaya district, police said. Two other police personnel were missing.

Naxalites also attacked polling booths in Dantewada and Narainpur regions in Chhattisgarh, triggering IED blasts and exchanging fire with security forces as polling began in the state. There were no immediate reports of any casualties.

The Naxals struck at Maroki, Mangnar and Jangampal in Dantewada area, about 350 kms from Raipur and in Nernar, Sonapal and Karmari in Narainpur region, around 250 kms from the Chhattisgarh capital, police officials said.

They said polling parties were safe.

Naxalites opened fire at two polling booths - Marokhi and Mangnar in Maoist-hit Dantewada Lok Sabha constituency, Dantewada Superintendent of Police Rahul Sharma told PTI.

Security forces deployed at the polling booths have retaliated and the exchange of fire is still on, he said.

In Narainpur area, the Naxalites exploded IEDs in Sonapal and Kokaneta regions but there was no danger to the polling officials, Superintendent of Police, Narainpur, Ambresh Mishra said.

Additional security forces have been rushed to the affected areas.

Voting began on a moderate note in 124 constituencies spread across 15 states and two union territories during which the fate of RJD chief Lalu Prasad, BJP's Murli Manohar Joshi and Yashwant Sinha and TRS president K Chandrasekar Rao will be decided.

the times of india

In-form Arsenal too strong for Villarreal * Story Highlights * Arsenal through to semifinals of Champions League after 3-0 win over Villarre

Arsenal continued their impressive run of form with a 3-0 home victory over Villarreal to reach the Champions League semifinals 4-1 on aggregate on Wednesday.
Theo Walcott is congratulated by team-mates after scoring Arsenal's opening goal against Villarreal.

Theo Walcott is congratulated by team-mates after scoring Arsenal's opening goal against Villarreal.

The Gunners, who are unbeaten in the Premier League since last November, will now face rivals Manchester United in the last four after goals from Theo Walcott, Emmanuel Adebayor and Robin van Persie proved enough to see off their Spanish opponents at the Emirates Stadium.

Walcott opened the scoring in the 10th minute when Cesc Fabregas' flick-on deceived the Villarreal defense and the England winger burst through to superb chip the ball over the head of goalkeeper Diego Lopez.

Villarreal went close in first-half stoppage time when Diego Godin headed over the crossbar, but Arsenal made sure of a semifinal place when, on the hour, Van Persie released Adebayor to net his fourth goal in as many games.

Nine minutes later, the Yellow Submarines were finally sunk when Dutchman Van Persie converted a penalty after a foul on Walcott.

The decision enraged Villarreal to such an extent that Sebastian Eguren was sent off after he was shown a second yellow card for dissent.

With Villarreal down to 10 men, Arsenal took their foot off the gas and were able to conserve energy ahead of their FA Cup semifinal against Chelsea at Wembley this Saturday.

"It was really important that we scored early on," captain Fabregas told Sky Sports. "We wanted to keep the pressure on them and scoring early helped us do that.

"At the end, I think 3-0 is quite a fair result, we could have scored a few more but let's not be greedy and we are happy with the win.

"Facing Manchester United is unbelievable for us. To be in the semifinals of the Champions League against maybe the best team in Europe, and the world, we will take it for sure."

Link by CNN

Indians begin voting in epic elections

India begins voting Thursday to choose a new government in a mammoth exercise covering more than three million square kilometers of the planet in scattered polling until next month.
Indian election officials check electronic voting machines prior to Wednesday's vote.

Indian election officials check electronic voting machines prior to Wednesday's vote.

India currently has 714 million registered voters, up 43 million from the last vote. That election, in 2004, brought the Congress party of Italian-born Sonia Gandhi to power as head of a coalition backed by the communists.

More than 1,700 candidates will be in the fray for the first phase of voting Thursday, in 124 of the 543 boroughs, for the Lok Sabha, or the lower house of the Indian parliament, according to the country's election commission.

Two million security personnel are to guard the entire voting process, the commission said.

Political analysts expect post-poll agreements among various groups from the right, left and center -- rather than national divisions over any particular issues -- to determine the shape and make up of the next governing coalition. Video Watch the logisitics of campaigning in India »

The Congress party, which currently leads the United Progressive Alliance government headed by Prime Minister Manmohan Singh, seeks to retain the power it won in 2004. But some allies of the United Progressive Alliance have already reached a pre-poll agreement, to the exclusion of Congress.

A general election is held every five years in India. The vote count, which will be carried out electronically in a single day, is scheduled for May 16, three days after the last round of polling. The nation of one billion-plus people will vote in five phases.

link by CNN

Saudi official moves to regulate child marriages

Days after a Saudi judge upheld the marriage of an 8-year-old girl to a man 39 years her senior and blocked a divorce, the kingdom's justice minister said he plans to enact a law that will protect young girls from such marriages, according to local media reports.

The law will place restrictions on the practice to preserve the rights of children and prevent abuses, Justice Minister Mohammed Al-Issa told Al-Watan, a daily newspaper in Saudi Arabia, where all newspapers require government permission to publish.

Al-Issa said there would be a study of a system that will include regulations for the marriage of minors and everything related to such unions, the newspaper reported. No details on the restrictions or regulations were mentioned.

The minister did not say whether child marriage would be abolished.

His comments came on the heels of a court verdict that was handed down in a child marriage case, one that is causing outrage both inside and outside Saudi Arabia. On Saturday, a Saudi judge refused for a second time to annul a marriage between an 8-year-old girl and a 47-year-old man, a relative of the girl said.

The most recent ruling, in which the judge upheld his original verdict, was handed down in the Saudi city of Onaiza, where late last year the same judge rejected a petition from the girl's mother, who was seeking a divorce for her daughter.

The relative said the judge, Sheikh Habib Al-Habib, "stuck by his earlier verdict and insisted that the girl could petition the court for a divorce once she reached puberty."

Last month, an appeals court in the Saudi capital of Riyadh declined to certify the original ruling, in essence rejecting al-Habib's verdict, and sent the case back to him for reconsideration.

Under the complicated Saudi legal process, the appeals court ruling meant that the marriage was still in effect but that a challenge to the marriage was ongoing.

Abdullah al-Jutaili, lawyer for the girl's mother, said that the mother has submitted the case once again to the court of appeals in Riyadh and that he expects a hearing to take place within the next month.

"I am very optimistic that justice will finally prevail," al-Jutaili said.

Responding to the justice minister's comments and the possibility of a new child marriage law, al-Jutaili said, "this is what we requested from day one, and we know that Saudi officials are working so hard on resolving this issue."

Al-Jutaili believes that such a law would help not only his defendant but many other Saudi minors facing a similar problem.

The case, which has drawn criticism from local and international rights groups, came to light in December when al-Habib declined to annul the marriage on a legal technicality. The judge ruled that the girl's mother -- who is separated from the girl's father -- was not the girl's legal guardian and therefore could not represent her in court, al-Jutaili said.

The girl's father, according to the attorney, arranged the marriage in order to settle his debts with the man, who is "a close friend" of his. At the time of the initial verdict, the judge required the girl's husband to sign a pledge that he would not have sex with her until she reaches puberty, al-Jutaili said.

The judge also ruled that when the girl reaches puberty, she will have the right to request a divorce by filing a petition with the court, the lawyer said. Al-Jutaili added that the girl is currently living with her mother and has not been told she is married.

CNN was unable to contact both the girl's father and the judge in the case.

On Monday, the head of the United Nations Children's Fund issued a statement expressing concern about the case. UNICEF Executive Director Ann Veneman said, "the right to free and full consent to marriage is recognized in the Universal Declaration of Human Rights. Consent cannot be free and full when either party to a marriage is too young to make an informed decision."

Veneman added that although child marriages are not uncommon in some parts of the world, they are a violation of human rights and they deprive "the child of her childhood."

"It is a violation of these children's rights, and it's a violation of what is good for children all the way around and it should not be tolerated anywhere," she said.

U.S. State Department spokesman told Robert Wood reporters Wednesday that child marriages are "a clear and unacceptable violation of human rights in our view."

He said the State Department condemns the "issue of child marriage," but stopped short of taking the Saudi government to task for the case of the 8-year-old girl.

"Our embassy has raised this issue quite frequently," Wood said. "The Saudis know of our concern, and it's not just our concern. It's a concern for others in the international community."

The issue of child marriage has been a hot-button topic in the deeply conservative Saudi kingdom recently. While rights groups have petitioned the government for laws to protect children from such marriages, the kingdom's top cleric has said that it's OK for girls as young as 10 to wed.

"It is incorrect to say that it's not permitted to marry off girls who are 15 and younger," Sheikh Abdul Aziz Al-Sheikh, the kingdom's grand mufti, said in January, according to the regional Al-Hayat newspaper. "A girl aged 10 or 12 can be married. Those who think she's too young are wrong, and they are being unfair to her."

Al-Sheikh reportedly made the remarks when he was asked during a lecture about parents forcing their underage daughters to marry.

"We hear a lot in the media about the marriage of underage girls," he said, according to the newspaper. "We should know that sharia law has not brought injustice to women."

Sharia law is Islamic law, and Saudi Arabia follows a strict interpretation of Islam called Wahhabism.

Wajeha al-Huwaider, co-founder of the Society of Defending Women's Rights in Saudi Arabia, said that achieving human rights in the kingdom means standing against those who want to "keep us backward and in the dark ages."

She said the marriages cause girls to "lose their sense of security and safety. Also, it destroys their feeling of being loved and nurtured. It causes them a lifetime of psychological problems and severe depression."

Link by CNN

U.N. official: Sri Lanka ceasefire 'inadequate'

The United Nations humanitarian chief Wednesday criticized a two-day pause in the fighting between the Sri Lankan army and Tamil Tiger rebels as "inadequate."
U.N. Nations humanitarian chief John Holmes said he would have liked a "proper humanitarian pause."

U.N. Nations humanitarian chief John Holmes said he would have liked a "proper humanitarian pause."

John Holmes, the under secretary general for humanitarian affairs and emergency relief coordinator, told reporters that the 48-hour break in hostilities was not sufficient, even as fighting resumed in the northeast of the country.

The brief cessation of hostilities was announced by the Sri Lankan government on April 12 and allowed the U.N. and its partners to bring in necessary aid, said Holmes. He said he would have liked a "proper humanitarian pause" that lasted longer than two days, but hoped the break allowed for some progress to occur.

Secretary-General Ban ki-Moon had originally welcomed the announcement by the Sri Lankan government. However, Ban also expressed his concern that, "This is less than the full humanitarian pause of several days I had pressed for."

But Ban added that the pause "is nevertheless a useful first step and an opportunity to move towards the peaceful and orderly end to the fighting now so badly needed."

The government of Sri Lanka has been battling the Liberation Tigers of Tamil Elam (LTTE) rebels in a civil conflict that has lasted nearly 25 years. The LTTE has been declared a terrorist organization by 32 countries, including the United States and the nations of the European Union. As many as 70,000 people have been killed since the conflict officially began in 1983.

The most pressing concern now, according to Holmes, is the fact that over 100,000 people are currently crowded in a "very small pocket of land" that is about five square miles, or about twice the size of New York's Central Park. "It is a very small area indeed for what we believe is very large number of people" Holmes explained. The crowded population, primarily comprised of Tamil civilians, is subject to the continuing Sri Lankan government assaults.

The British and French foreign ministers released a joint statement as well on Wednesday, claiming that the LTTE is also using Tamil civilians as human shields.

Holmes also called attention to the fact that the press has been barred from covering the civil strife in Sri Lanka. Ultimately, Holmes and the United Nations would like to see a peaceful end to the hostilities, but "its pretty clear, frankly, that a ceasefire as such is not something available at present circumstances."

link by CNN

China: Economic growth falls to 6.1 percent

China's economy grew 6.1 percent in the first quarter of 2009, down from 6.8 percent last quarter and from 10.6 percent year-on-year, state media reported on Thursday.
Xinhua: Figures released Thursday show the slowest rate of growth in nearly a decade.

Xinhua: Figures released Thursday show the slowest rate of growth in nearly a decade.

It is the slowest rate of growth for the Asian nation in nearly a decade, Xinhua reported.

The economic data was announced at a news conference by Ma Jiantang, director of the National Bureau of Statistics.

Gross domestic product reached 6.6 trillion yuan (about $939 billion) during the quarter, according to government-run news agency Xinhua.

Meanwhile, industrial output grew 5.1 percent for the quarter and showed signs of improvement -- climbing 8.3 percent in March.

China's consumer price index and producer price index -- two major indicators of inflation -- fell 1.2 percent and 4.6 percent, respectively, while retail sales grew 15 percent.

Other bright spots were a rise of fixed-asset investment to 28.8 percent, compared with last year, to $411 billion.

Foreign direct investment declined 20.6 percent in the first quarter, compared with the same period last year, with investments totaling $21.8 billion.

Link by cnn

Tuesday, April 14, 2009

Obama and Bernanke see signs of recovery but US markets fall

President shows audacity of economic hope

President Obama said yesterday that he could detect bright "signs of economic progress" on a dark horizon while warning that there was "much more work to be done" before America was safe from the storm that has thrown millions out of jobs and homes.

“There is no doubt that times are still tough,” he said. “But from where we stand, for the very first time, we are beginning to see glimmers of hope. And beyond that, way off in the distance, we can see a vision of an America’s future that is far different than our troubled economic past.”

His speech to Georgetown University in Washington yesterday was designed to demonstrate that the economy remains the Administration’s first priority even as he prepares to head off on more foreign travels tomorrow to Mexico and Trinidad.

Rejecting criticism that he had been spending with “reckless abandon”, Mr Obama said: “History has shown repeatedly that when nations do not take early and aggressive action to get credit flowing again, they have crises that last years and years instead of months and months - years of low growth, years of low job creation, years of low investment, all of which cost these nations far more than a course of bold, upfront action.”

He insisted that his $787 billion stimulus plan, as well as efforts to strengthen the banking system and rescue the American car industry were beginning to bear fruit with an increase in mortgage refinancings or more lending by small businesses.

“This is all welcome and encouraging news,” said Mr Obama, but 2009 will continue to be a difficult year with “more job loss, more foreclosures and more pain before it ends”.

Ben Bernanke, Chairman of the US Federal Reserve, also offered a “fundamentally optimistic” assessment today, using a speech in Atlanta to highlight recent data on home sales and consumer spending as “tentative signs that the sharp decline in economic activity may be slowing”.

He said: “A levelling out of economic activity is the first step toward recovery.”

The need for caution, however, was underlined by new figures published today showing US retail sales had fallen by 1.1 per cent in March while purchases of cars and other vehicles tumbled by 2.3 per cent. Overall spending remains 10 per cent down from a peak reached last June.

US bank shares slumped, dragging down the New York York stock market which grew jittery over a spate of impending results from leading American financial institutions over the next two weeks.

The markets were nervous despite Goldman Sachs, the blue-chip investment bank, reporting a strong first quarter and unveiling a surprise promise to repay its $10 billion government loan.

Investors held out little hope, however, that other banks will be able to replicate such success.

Mr Obama said: “By no means are we out of the woods just yet.” But he urged his country to take a long term view, adding: “When a crisis hits, there is all too often a lurch from shock to trance, with everyone responding to the tempest of the moment until the furore has died down and the media coverage has moved on to something else, instead of confronting the major challenges that will shape our future in a sustained and focused way.”

Recognising the concerns of voters, he said: “I know that some have accused us of taking on too much at once. Others believe we haven’t done enough. And many Americans are simply wondering how all of our different programs and policies fit together.”

The President said the task was to ensure this “crisis never happens again”. Invoking Christ’s Sermon on the Mount, Mr Obama said that the economy could not be rebuilt on a “pile of sand” but on investment in clean energy, education and health care.

“We must build our house upon a rock. We must lay a new foundation for growth and prosperity a foundation that will move us from an era of borrow and spend to one where we save and invest, where we consume less at home and send more exports abroad,” he said.

“We will not finish it in one year, we will not finish it in many,” he added, “but if we persist and persevere against the disappointments and setbacks that will surely lie ahead, then I have no doubt that this house will stand.”


link by timesonline

Skype talks with eBay run into trouble

The founders of the internet-based telephone service want it back but talks with present owner eBay have stalled

Ebay, the internet auction site, effectively hoisted the “For Sale” sign on Skype last night when it announced plans to spin off the revolutionary internet calls business in an initial public offering some time next year.

Four years after paying $3.1 billion for Skype, eBay conceded that its ambitious plans to harness the new technology to boost its core auction business by enabling buyers and sellers in its on-line marketplace to talk had run into the ground.

Analysts said that the move opened the door for any private equity buyers to move in on the calls company.

It leaves open the possibility that the creators of Skype, the billionaire Scandinavians, Janus Friis and Niklas Zennstrom, could repurchase the company. The pair have been plotting with a quartet of private equity groups including Warburg Pincus to seize back the business they founded.

John Donahoe, the chief executive of eBay, said: “Skype is a great stand-alone business with strong fundamentals and accelerating momentum. But it is clear that Skype has limited synergies with eBay. We believe operating Skype as a stand-alone publicly traded company is the best path for maximising its potential.”

EBay’s plans were cheered by investors, who sent the shares up 56 cents, or 3.9 per cent in after-hours trading on Wall Street. They saw Skype as an unnecessary distraction that was tying up capital.

Skype revolutionised the calls market and dealt a blow to traditional phone companies when it launched its software, which offers free or cheap calls over the web. After two years of breakneck growth the company was snapped up by eBay. In 2007 eBay, which is being advised by Goldman Sachs, conceded it had massively overpaid for the calls company when it took a writedown of $1.4 billion. Last year Skype generated revenues of $551 million, up 44 per cent from 2007. Its user base – now at 405 million – leapt 47 per cent from 2007.

A recent release of Skype for iPhone generated a strong response. More than one million people downloaded the software in the first 36 hours after it became available.

Mr Zennstrom and Mr Friis used the money from the buyout to set up a venture capital group, and were early investors in Joost, the video-sharing site.


Link by timesonline

Thousands greet Simón Bolívar Youth Orchestra at Festival Hall rehearsal


The Royal Festival Hall has never seen anything quite like it: thousands swarming through its doors to listen to a rehearsal — and one by an amateur orchestra at that. Yet as its fanatical supporters would testify, the Simón Bolívar Youth Orchestra (SBYO) is not just another group of part-timers and the session yesterday morning was not just any rehearsal.

This was the cultural equivalent of the adoring crowds who turn up to gawp at dazzling footballers of Barcelona or Manchester United on the training ground. The SBYO is the most exciting, most joyful, most exotic orchestra in the world today. YouTube footage of the euphoric Proms appearance that crowned their last visit to Britain two years ago has been viewed more than a million times.

The rehearsal marked the opening of a five-day residency on the South Bank. Tickets for the main events — last night’s performance of Bartók and Tchaikovsky and a romp through Stravinsky’s The Rite of Spring and various Latin American works on Saturday — sold out ten months ago. One resold on eBay for more than £400.

A large part of the attraction is their pioneering social role. The orchestra is the standard bearer for El Sistema (The System), a radical scheme that has, over 34 years, used classical music tuition to build the self-confidence, skills and discipline of more than 300,000 young Venezuelans, many of them from the grimmest, most dangerous barrios in their country. Similar programmes are being introduced across the Caribbean, Latin America and Europe, including at least four in Britain — in Stirling, Liverpool, Lambeth and Norwich.

Professor José Antonio Abreu, the economist who founded and oversees El Sistema’s network of 57 children’s orchestras and 125 youth orchestras, said before the rehearsal that it was “more than a system, it is an ideal and a principle and more than anything a social programme”. He is sure that his model will become a worldwide success story, taking disaffected, deprived youths out of a life of potential crime through hard work and artistic inspiration.

Sceptics wonder how successful the international programmes will be if other governments fail to match the £15 million annual funding that President Chávez of Venezuela pours into one of his country’s most appealing global brands. Dissenting voices question whether he is not using the teenagers of the SBYO as a propaganda tool in the West as he tightens his grip on power at home.

If these concerns bothered the rapt audience at the rehearsal it did not show. Young and old, they had come from Cornwall, Fife, Londonderry and even California. The 200 teenage and twenty-something musicians in T-shirts, jeans and trainers were applauded and whistled at every break.

When Gustavo Dudamel, their 28-year-old superstar conductor, sprang from the stage and ran through the stalls to assess the acoustics of his brass section, all decorum was abandoned as hundreds of camera phones recorded the moment. At the lunchbreak the stage was mobbed and Dudamel happily bounced babies on his knee and lifted children on to the podium so that they could try their hand at conducting.

Gillian Ury, 65, a school governor, was transfixed. “The energy that they create is fantastic. Instead of having kids in the street knifing each other, isn’t this what we need here?”

The intention behind the week is to reach out beyond the 5,000 who will fill the Festival Hall for the two main concerts. Both performances will be displayed on big screens in the venue’s ballroom and Sage Gateshead as well as broadcast on Classic FM.

There are three other concerts featuring members of the orchestra, in addition to three discussion forums on El Sistema, one of which will look at how to replicate its effect in Britain.

A further 2,500 people have booked the free tickets for another open rehearsal by the full orchestra this morning. In all, the Southbank Centre expects about 30,000 people to visit during the residency, 10,000 of them free and many of them new to classical music.


link by timesonline

Benítez gamble nearly pays off after Liverpool come up shy in eight-goal feast

Chelsea 4 Liverpool 4 (Chelsea win 7-5 on agg)

Chelsea V Liverpool - UEFA Champions League Didier Drogba (Chelsea) scoring his sides first 1-2.

Blunders by goalkeepers with reputations that rank them among Europe’s finest conspired to heighten the drama at Stamford Bridge. First a crashing error of positioning by Petr Cech lifted Liverpool. Then José Manuel Reina’s fateful fumble of a Didier Drogba flick invited Chelsea to seize the tie and this they did — the ultimate irony — substantially through the efforts of a man who would not even have been playing but for John Terry’s suspension.

That he, Alex, stepped out of defence to score his team’s crucial second goal with an irresistible free kick was characteristic of a great occasion. Liverpool did much to make it and to prolong the excitement until two minutes from the end, when Frank Lampard’s second goal let everyone pause and start to savour an event so intoxicating it numbed the mind.

It is, though, Chelsea who stride on to their fifth Champions League semi-final in six years. Deservedly. Whatever Liverpool, craftily arranged by Rafael Benítez to cater for the absence of Steven Gerrard, threw at them — and at times we wondered if this was almost literally to become a kitchen-sink drama — they hurled back.

It was — to use a Brazilian’s phrase — football for adults. With Brazilians to the fore: not just Alex but Fábio Aurélio, the Liverpool left back, who got the party going with a cute free kick. Even Lucas Leiva scored, with a deflected shot towards the end as once again the flames were fanned and a header from Dirk Kuyt kept the outcome in doubt almost to the final whistle. Now, on Tuesday week, Chelsea will visit Barcelona, old foes from the José Mourinho era who are to pit their mouthwatering technique against Chelsea’s awesome power. But for much of last night it looked possible that the Catalan club would be facing Liverpool instead.

Liverpool were level on aggregate through Aurélio’s enterprise and a Xabi Alonso penalty but still needed another goal to progress when Nicolas Anelka, the substitute with whom Guus Hiddink had replaced the bewildering Salomon Kalou, crossed and Drogba’s skilful glance induced Reina to divert the ball over the line.

When Alex, taking advantage of Jamie Carragher’s foul on Drogba, sent the ball raging past Reina in the 57th minute to level the scores, it seemed over. Until we remembered that Liverpool were involved. We should have known better than to write off Benítez’s men in the mood they had fashioned from the wreckage of the defeat away to Middlesbrough in February. In the five matches that followed, all won, Liverpool scored 16 goals, conceding one. And to lead 2-0 last night was an achievement in itself, a throwback to Istanbul, if insufficient.

Benítez should not be second-guessed over Gerrard. On the face of it, the pre-match issue had been devilishly tricky for him. Should he take a gamble on Gerrard or save the captain for the more realistic aspiration that is represented by the English title?

If Benítez erred on the side of patience, he was right. Liverpool have six Barclays Premier League matches left, but there is plenty of danger in Manchester United’s seven; the champions play three matches in seven days next month and Liverpool will want to have all their attacking options — including Gerrard, who also missed Saturday’s 4-0 win over Blackburn Rovers at Anfield because of a groin injury — ready to exploit any slip.

The surprising aspect was that Benítez replaced Gerrard with Lucas. From what we have seen of the young Brazilian, he is nothing if not a holding player, an obstacle to opponents’ attacks rather than a creative force behind his own team’s. Yet here he was roaming behind Fernando Torres.

Maybe the intention was to keep Michael Essien occupied so Yossi Benayoun, given Albert Riera’s starting position on the left, could drift inside and fashion opportunities — such as the one he made for Torres in the thirteenth minute. The Spain striker was confident enough to shoot with his left foot, but sliced the ball into the Matthew Harding Stand (lower tier, to be fair). How the Chelsea fans chortled.

But soon the smile left their faces. Lampard’s push on Kuyt gave Liverpool a free kick wide on their right, about 40 yards from a goal Cech left all but vacant. As the goalkeeper prepared to deal with a swirler to the far post — a reasonable assumption, recklessly applied — Aurélio whipped the ball inside the near. Now that was Brazilian. And Chelsea started to panic.

Branislav Ivanovic, the two-goal hero of Anfield, wrestled Alonso in the penalty area as a more orthodox free kick from Aurélio floated in and, although there were no discernible appeals, Luis Medina Cantalejo, the Spanish referee, awarded a penalty that Alonso smacked home.


Link by timesonline

We’re sick of war: a Taleban leader risks his life to point out a new route to peace

Taleban insurgents in Afghanistan

Facing another bloody summer of fighting in Helmand province, the Taleban commander uttered words that could cost him his life. “We all want peace. We want to put down our guns,” he said quietly.

A powerfully built man with a flowing beard and a disarmingly soft voice, Commander Mansoor is — according to checks with Western and Afghan sources — a mid-level Taleban commander from southern Helmand, part of the bloody insurgency fighting against US and British troops in Afghanistan.

At a meeting with The Times arranged by tribal intermediaries, however, he painted a picture of war weariness and of local communities desperate to find a way to escape a war that is seemingly without end.

As the conflict enters its eighth summer Nato is hoping that it can exploit such popular disillusion. Mullah Mansoor (not his real name), however, is simply looking for a way out. “Local people do not like the Taleban or the Western forces, they even don’t like us local Taleban” he conceded. “They say to us, ‘if you want to go to Paradise fight in the desert, fight in the mountains but don’t fight in my house’. My wish is just to have peace and security in my area.”

It is hard to assess the prevalence of such feelings within the Taleban in parts of the south of Afghanistan. There are signs, however, that the insurgency is suffering internal turmoil brought on by opposition from local communities who blame all sides for the ceaseless fighting and more than 2,000 civilian deaths last year.

A tribal elder linked to Mullah Mansoor said that ten villages were ready to support him if he was able to deliver a deal with the Afghan Government that would bring local peace. “The Taleban will attack us but we have a lot of people and a lot of guns,” Mullah Mansoor said.

Other tribal elders in Helmand told The Times that communities were terrified by the prospect of US reinforcements and an increase in fighting. Some have been petitioning the Helmand Governor, promising to keep out the Taleban themselves if Western forces promise not to conduct operations in their areas, though there are suggestions that this is a tactic to protect the local drugs trade or even to buy local insurgents respite from attack.

The offers have echoes of the “Musa Qala deal” of 2006 in which British troops withdrew after receiving assurances that local tribes would prevent the Taleban from taking control. That deal was opposed by US officials and failed after four months, with the Taleban seizing the town.

Since then there have been persistent reports that the Taleban is worried that its credibility is being damaged, not just by the anarchy and violence the war has unleashed but also by charges of criminal behaviour. “There is a very big increase in the number of criminals in the Taleban in Helmand,” Mullah Mansoor said. “When someone grows poppy and the Government tries to stop him he says ‘I am a Taleb, you can’t touch me’. When he is a robber he says ‘I am a Taleb, you can’t touch me’; when he kills someone he says ‘I am a Taleb, you can’t touch me’.” It is a charge that undermines the Taleban’s strongest suit: its reputation for bringing security and impartial, if brutal, justice.

Some analysts now believe that Nato could make significant gains by playing on such concerns. “At a district level communities are saying to the Taleban, ‘we are Taleban supporters, we have this district for the Taleban, now please keep your fighters out of this area’,” says Martine van Bijlert, a director of the Kabul-based Afghanistan Analysts Network.

Britain and America have both in recent weeks publicly stated their support for attempts to peel away what are regarded as moderate elements within the insurgency but it is not clear how that will be achieved in practice, considering the decentralised nature of the Taleban. In Helmand the British Government is supporting a shift towards a bottom-up approach to local government that seeks to empower local tribal leaders. With British support the “Afghan social outreach programme” has recently created paid councils of local elders in the Nad Ali and Garmser districts of Helmand. British diplomats talk about the “grassroots legitimacy” that these structures have quickly acquired.

It is part of a significant refocusing away from strong central government development, which has been beset by corruption and incompetence, and the early signs in southern Helmand offer some encouragement. “Local people in Garmser are happy, they see progress,” claimed Haji Mahboob Khan, an Afghan senator from Garmser. “Garmser is now the most stable district in the province.”

Further north, in Wardak province, American forces are supporting the development of village defence forces as military commanders look for a way to replicate the impact of the “Sons of Iraq” militias that dramatically altered the power of Iraq’s insurgency.

Last Wednesday, though, the US envoy to the region, Richard Holbrooke, complained that Western intelligence services were still ignorant of the inner workings of the insurgency.

The Taleban is working to counter the damage to its reputation caused by indiscipline within its ranks. The movement conducted a reshuffle of its shadow government provincial governors in January. One Helmand Taleban commander told The Times: “The leadership has even killed some Taleban commanders for being criminal.”

“There is no control for the Taleban or for the Government,” says Mullah Abdul Salam Zaeef, a former Taleban minister regarded as one of the movement’s few serious intellectuals. “There is no justice. This is even worse than 1994 [when Afghanistan collapsed into factional anarchy].”

Figures such as Mullah Mansoor profess little enthusiasm for staying within the Taleban. “People want reconstruction of the area but the Taleban won’t allow it. The people ask us [the Taleban] to leave and they want to form their own government,” he said. “My last message is that all our tribe want is peace.”


Link by timesonline

Bogus foreign students free to flout new laws

Home Office fails to vet hundreds of colleges

Colleges clustered in suburban Manchester actively seek overseas students

Colleges clustered in suburban Manchester actively seek overseas students

Thousands of bogus students remain free to enter Britain despite new laws aimed at tightening controls on immigration. The Times has learnt that hundreds of colleges recently approved by the Home Office to accept non-EU students have not been inspected by its officers.

Weaknesses in the student visa system have emerged following the arrest of 12 terror suspects last week. Ten of the men entered this country from Pakistan on student visas.

It has also emerged that the vast majority of non-EU students will not be interviewed by the Home Office but admitted on the basis of written applications and evidence of sponsorship, educational qualifications and bank statements.

Chris Grayling, the Shadow Home Secretary, said: “The more we learn about the way the Government has managed our student visa system, the more question marks there are.”

John Tincey, the chairman of the Immigration Service Union, said that the failure to include interviews could be exploited by terrorists.

Under the system, universities, colleges and schools must register with the Home Office to accept students from outside the EU. They must agree to alert the Home Office if a student fails to register, stops attending classes or if a course is shortened and keep copies of the students’ passports as well as up-to-date contact addresses.

The new regime came in two weeks ago and is intended to end a scam in which thousands of foreigners enrolled at bogus colleges to work here. So far, 2,100 establishments have been registered and 400 rejected. There are 14,000 establishments on an earlier database that need to register.

Today The Times highlights the abuses under the old regime, described by the Immigration Minister as the Achilles’ heel of the system.

At one college in Manchester that claims to have more than 100 students — most of them from North West Frontier Province in Pakistan — only two turned up for classes yesterday.

An international college in London with links to Pakistani businessmen was raided by the police and the UK Border Agency in December. It was alleged that individuals attached to the college earned £5 million processing up to 2,500 fraudulent visa applications.


Link by timesonline

Will Penguins' evolution continue?

And so the talent-laden Pittsburgh Penguins begin a journey that history insists cannot be completed.

Taking in the familiar sounds and smells of the Penguins' dressing room -- having been on hand for each of their 25 postseason games since the end of the lockout -- there's a distinct impression we are at the crossroads of evolution and reality.

Paging Dr. Charles Darwin ... please report to Bill Guerin's dressing-room stall.

And if the noted evolution expert was around for Game 1 of the Penguins' opening playoff series against cross-state rival Philadelphia on Wednesday night, we would confront him with the following conundrum.

The Penguins seem to be the poster team for constant, positive evolution, moving emphatically from laughingstock to surprise playoff team to Stanley Cup finalist, all in the space of three seasons.

You can almost see this team moving from ape to human before your very eyes. So does it not stand to reason this should be the spring of a Stanley Cup in Pittsburgh, the moment when a Penguins team that boasts two of the top three point-getters in the NHL, and a battle-hardened group that has hit the postseason on a torrid 18-3-4 run, stands fully upright?

Well, doesn't it?

Yet, look at the history of teams that have been where the Penguins are, and you see it is almost never so. Since 1967, when the NHL expanded from the Original Six era, just one team (the Edmonton Oilers in 1983 and 1984) has lost in the Stanley Cup finals one year and won the Cup the next spring. One team in more than 40 years.

Recent history suggests it's not even a matter of returning from a Cup finals series loss to win a championship, but rather being embarrassed the following season. Edmonton hasn't made the playoffs since going to the Stanley Cup finals in 2006, Ottawa was swept by these same Penguins last spring after going to the 2007 finals and Calgary, losers in the 2004 Cup finals, haven't won a playoff series since.

"You just don't know. It's just so unpredictable," offered Penguins forward Chris Kunitz, who was a member of the 2007 championship Ducks team and was dealt from Anaheim to Pittsburgh before this year's trade deadline.

There are lots of potential factors, including fatigue, both emotional and physical. You spend everything to win the Cup. Imagine when you spend everything, come away with zero at the end, and then have to try to do it all again the next season, only do it one better.

It appears easier to win one Cup than it does to win a second one, creating a kind of de-evolution, if you will. Dallas won a Cup in 1999 and then lost in the finals the next season to New Jersey. The Devils returned to the finals the next year in 2001, but were denied by Ray Bourque and the Colorado Avalanche.

Penguins coach Dan Bylsma played in 11 playoff games for Anaheim in 2003, when it lost in seven games to the New Jersey Devils. He thinks fatigue is an overrated reason for teams failing to take that next, giant step.

Competition, now that's something he can buy.

"I think it has mostly to do with the quality of teams," Bylsma said. "It's hard to get there and you need a lot of things to happen, and just being a good team does not guarantee you the fact that you're going to get even back to the semifinals. There's a lot of good teams out there. It's tough."

Maybe it's not a science thing at all, then; maybe it's a mental thing, the notion that you can somehow think your way to that next level. If so, it would seem the key is in not to assume that playoff success breeds success.

"I think you take the experience side of getting there, but I don't think you take anything else," Kunitz said.

In short, take nothing for granted, not even evolution.

"It's not your right to go back just because you were there before and lost," said Bill Guerin, whose perspective on this cannot be denied. He won a Cup in New Jersey in 1995 and the Devils missed the playoffs the next season. "We just couldn't get it together."

Guerin insisted no one in the Penguins' locker room is assuming anything based on last season's playoff run. "No one in this room is thinking because we went last year, it's an automatic that we're going back," he said.

So, what of the Oilers, the one team that managed to chart the course the Penguins now hope to travel? See, that's where it gets interesting. Edmonton was swept by the New York Islanders in 1983, its first trip to the Stanley Cup finals.

The following spring, Wayne Gretzky, Mark Messier, et al, galvanized by the humbling experience, came back and defeated those same Islanders in five games to end New York's four-year championship run and set up their own run of five Cups in seven seasons.

What makes this story so timely is, a year ago, when the Penguins were running roughshod over their Eastern Conference foes in advancing to the team's first Cup finals since 1992, many saw in them the same dynamic that existed with the earlier Oilers team.

Starting Wednesday night, we're going to see if that's a piece of history the Pens can grab onto and whether they can make a case for the ultimate in hockey evolution.


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Carnival of millions rings in New Year


Millions rang in Pahela Baishakh, the Bengali New Year 1416, on Tuesday in the capital Dhaka and across the country with colour and verve despite a heatwave.

Men in traditional punjabi and pyjama, women in white and red sari and children dressed in all hues thronged Ramna Batamul and the traditional Baishakhi Mela from dawn in celebration of the biggest Bengali carnival.

Crowds streamed through the city streets under scorching sun, making for the leafy shade of Ramna Batamul.

The traditional New Year platter of panta ilish , fried hilsa fish, lightly fermented rice, lentil and smoked chilli was all the rage.

But the crowds were soon awash in a sweltering sea, as there was no let-up of the heatwave that had intensified in the days preceding Pahela Baishakh.

Colour and culture

Cultural organisation Chhayanaut, which has been organising the day's centerpiece event since 1965, ushered in the first day of the Bangla year with songs and other performances in the cool early hours of the morning.

Finance minister AMA Muhith, Chhayanaut's Sanjida Khatun, artist-organiser Sarwar Ali, Khairul Anam Shakil were present at the day's curtain-raising function.

Marchers in masks and traditional dress, mostly students of the Institute of Fine Arts, led Mongol Shobhajatra, a colourful parade seeking well-being of all, through Dhaka University campus at 8am.

Several thousand people participated in the parade, ushering in good spirits for the New Year and vowing to defeat all ill-will.

At the forefront of the parade were processionists carrying giant papier-mâché figures of the owl, tortoise, crocodile, tiger and elephant as well as Lakkhir Sara or vessels of good fortune.

The procession marched through Dhaka University campus and Ramna, with thousands of men, women and children of all ages and professions wearing colourful masks and playing flutes and other instruments.

Participants wore painted masks or carried symbolic figures to protest fundamentalism, communalism and corruption.

Children blowing into dearly-held flutes and pipes, gnawing into bonbons were inspiring their elders to share their unmixed, pure joys.

Passengers on vehicles ranging from motorbikes to buses found themselves stuck in tailbacks to allow the passage of pedestrians along the crowded streets.

The Baishakhi celebration spread from Bangla Motor to the Institute of Fine Arts via Shahbagh, Dhaka University's TSC to Kakrail and Topkhana Road.

Traditional baul or folk songs and other music floated through the air at the Rabindra Sarobar amphitheatre by Dhanmondi lake, organised by Sammilito Sangskritik Jote.

Shishu Academy, Shilpakala Academy, Bangla Academy, Shaheed Minar, Liberation War Museum, Press Club held day-long functions. Many organisations staged programmes at Suhrawardy Udyan, near Ramna.

Those who did not feel up to fighting through the crowds enjoyed the scenes of festivity from the roofs of their houses— from Mirpur, Basabo and Old Dhaka to Uttara, Gulshan and Jatrabari.

Virtually every nook and cranny of the city sported the same merry mood and freely-flowing mirth and festivities.

Amongst the Bangladeshis were mingled people from abroad, wearing mini skirts or donning a 'gamchha' wrapped around the head sharing popular mood.

As the day wore on, more and more people streamed out from their homes and the avenues, roads, sideways and alleys in some areas became crammed.

The day was a public holiday, with thousands of social, political and cultural organisations holding celebrations.

Foolproof security

The government scaled up security in capital Dhaka and elsewhere in the country to prevent any disturbance of the New Year festivities. More than 8,000 RAB and police personnel were posted in Dhaka City alone in addition to the usual strength.

Ramna, Dhanmondi, Rabindra Sarobar and other venues in the capital had 17 check-posts and sufficient number of security archways installed on top of 37 police pickets deployed.

Eight mobile police patrols were engaged to ensure security of the Mongol Shobhajatra.

As many as 5,256 police men and 3,000 RAB personnel were deployed to oversee the security of the capital. A further 3,000 RAB personnel were posted in the districts on the day.

Ramna grounds entrance and exits had 32 CCTV cameras installed and RAB bomb squad, dog squad and reserved forces patrolled the surroundings.

Bomb-disposal experts and dog squads scan the main festival premises and adjoining areas, with back-up forces on hand to face any situation round the clock.

Roots back to Mughal era

The start of Bengali year with Baishakh has its roots in the days of great Mughal emperor Akbar during 1556-1609. According to one opinion, this was the time when peasants used to pay their taxes to the emperor.

When Bengal came under Mughal rule in 1576, Akbar decided to adopt the Hijri year and termed this season "Fasali" (crop). Thus, Pahela Baishakh marked the start of the crop season.

The present form of the Pahela Baishakh celebrations has some political significance and was introduced in 1965 when Chhayanaut organised its celebration programmes in protest against the suppression of Bengalee culture by then the Pakistan government.

After independence in 1971, the festival became a symbol of the country's nationalist movement as well as an integral part of the people's cultural heritage.

As the tradition goes, people are supposed to pay off all loans and old dues are to be settled. On the day, businessmen purchase new accounts books and prepare new accounts called Haalkhata.

Link by bdnews24

Flower favourite for England role




Andy Flower: on the verge of England appointment © Getty Images

Andy Flower is widely expected to be unveiled on Wednesday as England's new full-time director of cricket, having overseen the team's fortunes in an interim capacity during the recent tour of the West Indies.

Flower, 40, stepped up from his assistant role in January, following the dismissal of the former head coach, Peter Moores. Though England's results were mixed during a turbulent 11-week tour, he impressed the selectors with his work ethic and formed a strong bond with the captain, Andrew Strauss, which was rewarded with a last-gasp victory in five-match ODI series that followed the Tests.

According to reports in the weekend papers, Flower's salary will be approximately £250,000, and his appointment is set to be announced at Lord's by Hugh Morris, the managing director of England Cricket, at 12.30pm on Wednesday, in time for Flower to take his place at the head of England's selection committee for the first Test against West Indies, also at Lord's, which begins on May 6.

Having called upon the professional headhunting firm, Odgers Ray & Berndtson, to help pinpoint the ideal candidate for the role, the ECB were left - partly by design and partly by accident - with what Morris described as "a very short shortlist". One high-profile target, Western Australia's coach, Tom Moody, chose not to put his name forward, while another, Kent's coach Graham Ford, the former favourite for the role, withdrew from the nomination after criticising the long-drawn-out nature of the process.

Other names mentioned but since ruled out include the coaches of South Africa and India, Mickey Arthur and Gary Kirsten, while Warwickshire's Director of Cricket, Ashley Giles, was told he lacked sufficient experience.

John Wright, the former India coach who is now New Zealand's high performance manager, is one of Flower's few genuine competitors for the role. "Wright is with New Zealand cricket," Justin Vaughan, NZC's chief executive, told Cricinfo. "Any comment around the England job should be left up to John."

One factor in Flower's favour, in the short term at least, is the sheer volume of cricket faced by England's cricketers in the coming months. After a period of intense upheaval, encompassing the loss of three captains and a coach in the space of four months (and with a fourth captain in the pipeline for the World Twenty20), the time has come for some consolidation at the top, especially with the Ashes looming in early July.

It may have taken Flower until the final weeks of England's tour to register his first victory in the role, but on his watch the team has put a greater onus on personal fitness, which will prove invaluable given that most of the squad faces a non-stop 11-week schedule in the run-up to the Ashes, starting with the IPL in South Africa for several key members, including Andrew Flintoff and Kevin Pietersen.

Furthermore, Flower will also have to make a call on the readiness of the former captain, Michael Vaughan, for a return to the Test side. He quit the captaincy in August on account of a prolonged run of poor form, and he made just 12 for MCC against Durham in the season opener at Lord's last week, but Vaughan's reputation in Ashes cricket could well count in his favour, especially if doubts continue to linger about his competitors for the No.3 spot, Ian Bell and Owais Shah.

Botha reported for suspect action



Johan Botha is at the University of Western Australia undergoing analysis on his bowling action, Perth, February 1, 2006
Johan Botha will have to undergo tests for an illegal bowling action once again © Getty Images

South African offspinner Johan Botha has been reported for a suspected illegal bowling action by match officials after the fourth ODI against Australia in Port Elizabeth. Botha will undergo a bio-mechanical assessment of his action, but is eligible to play international cricket at the discretion of Cricket South Africa (CSA) while the test results are pending.

The report was filed by the three umpires officiating Monday's one-dayer - South Africans Brian Jerling and Rudi Koertzen, and Sri Lanka's Asoka de Silva - who cited concerns over Botha's quicker ball and doosra. Botha will be tested within 21 days after CSA receives a formal notice from the ICC.

Gerald Majola, the CSA chief executive, said the development was disappointing for the team but hoped Botha would complete the ICC process in time for the World Twenty20 in June. "It's very disappointing for the team, especially considering his performance over the recent past," Majola told Cricinfo. "But there's nothing we can do. We will follow the procedure laid down by the ICC. Hopefully, he will be cleared before the World Twenty20."

The appointed specialist will report to the ICC with the result of the bio-mechanical assessment within 14 days of the test. If the action is found to be illegal, Botha will be suspended from bowling in international cricket with immediate effect. He would have the option of applying to the ICC for a re-assessment of his action at any time.

Botha's action was previously reported after his Test debut against Australia at the SCG in January, 2006. He was suspended from bowling the following month when testing confirmed the illegality of his action. In September 2006, Botha's action was once again found to be illegal even after he had worked on it. He then corrected his action, which was deemed legal upon re-testing, and he resumed playing international cricket in the 2007 Afro-Asia Cup.

"I have put a lot of work into my action," Botha said during the recent one-day series in Australia. "It probably took 10 months from my first test to the one I passed. I still have (the doosra), but I probably don't bowl it as much as I used to. Definitely, it is possible to bowl it legally.

"My doosra actually tested lower than my off spinner for elbow extension. I think my doosra was at 9 per cent, and my offie was at 11 per cent, which are both well below the limit. With the doosra, your wrist cocks to a point where it is actually harder to extend your elbow. I just use it better than I did in the past."

Behave or face jail term: Hasina tells BCL

In a bid to deter recurrent trouble on the campus, prime minister Sheikh Hasina has warned Bangladesh Chhatra League leadership of a possible five years in jail for creating trouble.

She issued the warning when the leaders of beleaguered student front of the ruling Awami League that she heads went to her official residence at noon Tuesday to greet her on Bengali New Year, a BCL joint secretary, Ripon Poddar, told bdnews24.com.

President Mahmud Hasan Ripon and general secretary Mahfuzul Haider Chowdhury Roton led a 35-strong team to see Hasina. The president and general secretary of the organisation's Dhaka University unit were also in the team.

Iqbal Mahmud Bablu, another joint secretary, quoted Hasina as saying that the punishment can be a five-year jail sentence, if necessary. But those who will do a good job will be rewarded.

"Those involved in conspiracies will be given exemplary punishment," Hasina was quoted as further saying.

The prime minister said those who fuelled campus unrest will have to pay dearly.

Hasina stepped aside from the ceremonial post of the BCL's organising leader on April 4 after a spate of violence by the adherents after the Dec 29 general election that the Awami League swept.

Two top BCL leaders claimed to have met with Hasina on April 10.

The organising secretary of the BCL's central committee, Ashrafur Rahman, and the international affairs secretary, Sohel Rana Mithu, were arrested by RAB at Moghbazar at 2:30am on April 12 on charges of upsetting academic atmosphere.

link by bdnews24