Proposed Irretrievable Breakdown Of Marriage Act.


             The Marriage Laws (Amendment)Bill,2010,was first introduced in Rajya sabha
              on 4th August,2010.The Bill sought to amend the Hindu Marriage Act,1955 
              and the Special Marriage Act,1954 to provide for Irretrievable Breakdown
              of Marriages as new ground for for grant of a decree of divorce; and to 
              provide certain safeguards to protect the interests of wife & children.

              According to CRISP,an NGO dedicated to the cause of Child Rights & Shared
              Parenting,the government is planning to introduce this draft bill is to change 
              Hindu Marriage Act.They had strongly opposed the Bill in its then form.They
              are opposing it still as they feel it is not pro-family or protecting child rights
              but only wife centric and the bill is unfair to men.

              Concerns of CRISP regarding the Bill:
              1. The Bill,out rightly violates the essence of Article 15 of the Constitution 
                   which prohibits discrimination against any citizen on the grounds
                   of religion OR gender.                       
              2.  There is no protection for children to be connected to both parents through
                    Shared parenting plan as there is a presumption, that children will  
                   remain only with the mother.Studies shows single parenting is adverse to
                   the welfare of the child.
               3. These amendments are aimed at only The Hindu Marriages Act of 1955, 
                    and  why not amendments to all marriage laws that are applicable in the 
                    country ?.
               4.  The Bill plans to introduce a mechanism for a portion of the self 
                     earned,and inheritable property of the husband to be transferred 
                     to the divorced wife.

                CRISP says that they donot oppose the Bill per-se,but they want the 
                amendments  to be fair to both men & women.

                    
                      

AERO INDIA  has already carved a niche
for itself globally with nine successful
editions since 1996.

AERO INDIA 2015 will provide a significant
platform in boosting business oppurtunities 
in International aviation sector.It has also
 become a hub for defence business
in Asia. The Tenth edition of Aero India will be held at Air Force station,Yelahanka,
Bengaluru from 18th To  22nd February,2015.

Dr.Kamal Sen,Founder & President,Cogitaas,Singapore the Chief Guest
addressing the audience.

SECOND INTERNATIONAL
CONFERENCE ON BUSINESS ANALYTICS & INTELLIGENCE.

Three day event started on 18th
to  20th December,2014 organised by Operational Research Society of India,Bangalore Chapter and
Analytics Society of India.

      Bata, leading footwera retailer & manufacturer 
      opened another retail outlet,brand new store in 
      ring road ,Hebbal,Bengaluru. The store was 
      inaugurated by Mr.Thomas George Bata, the Chairman, &
Mr.Rajeev Gopalakrishnan,Group Managing Director,Bata.Ms.Radhika Pandit,Kannada film actress

was also present.

Mr.Rajeev Gopalakrishnan said," The opening of the store at Hebbal is part of our 
growth strategy to further expand the brand's  footprint in the country. The objective  
of the brand is to offer our customers with a contemporary mix of stylish,aspirational,comfortable,and 
affordable footwear and accessories ".
      

                          
                          PURAVANKARA'S GOSF CAMPAIGN GETS
                            GOOD RESPONSE.

                          Puravankara & Provident received 507 online bookings for
                         apartments in Bengaluru,chennai,Coimbatore,& Kochi projects.

                         Puravankara & Provident Google online shopping plan oversubscribed
                         2.5 times.

                                       GOVERNMENT TO REDUCE STAKE IN
                                        PUBLIC SECTOR BANKS.

                  The Union Cabinet  has approved plans to raise Rs.1.6 trillion rupees
                  ($25.76 billion) by selling some of its stake in state run banks by 2019.
                  The government holds stake ranging between 56 percent to 84 percent
                  in 27 public sector banks.

VIJAYA BANK DONATES Rs.50.00 lakhs to the victims of HUD HUD cyclone.

The cheque was handed over by
Mr.V.Kannan,Chairman & Managing Director of Vijaya Bank to Mr.Chandra Babu Naidu,the Chief Minister of Andhra Pradesh.

Mr.B.S. Rama Rao,Executive Director of the bank was also  present.

Dr.Anu Sridhar,Consultant Gynaecologist,Fortis addressing media.

ENDING THE PAINFUL SILENCE: FORTIS HOSPITALS LAUNCHES  COMPREHENSIVE 
"CENTRE FOR ENDOMETRIOSIS CARE"
DEDICATED TO WOMEN.

Millions of women ignore the painful & traumatic symptoms 
of Endometriosis,a painful gynaecological disorder that occurs in women mostly in their prime.In this condition,the tissue that normally lines the inside 
of the uterus,the endometrium,
grows outside the uterus on the surface of organs in the pelvic & abdominal areas.Dr.Anu Sridhar,Conultant gynaecologist,

Dr.Manisha Singh,Consultant Gynaecologist & Infertility
Specialist,Fortis Hospitals addressing media.

Fortis Hospitals said,'severe endometriosis with extensive scarring & organ damage may affect fertility.It is considered to be one of the three major causes of female infertility.Endometriosis does not have a cure but can be managed effectively with medications,surgery or harmone
therapy".

It can also be called a lifestyle disease when women push themselves hard in career.
Endometriosis is found in one out of Ten women.
"Unfortunately,the disease is often diagnosed very late or wrongly diagnosed,thus 
delaying treatment.Endometriosis can start as early as a girl's first  period & affect 
her till she reaches menopause." says Dr.Manisha Singh,Consultant Gynaecologist 
& Infertility specialist at Fortis Hospitals.
SYMPTOMS:
Chronic pelvic pain may be one of the symptoms and can be detected in"Laproscopy".

Mr.G.Raghunanadan,CEO & Co-Founder Taxi For Sure addressing Media.
seated are Mr.Aprameya Radhakrishna,Co Founder & Director  and
Mr.Arvind Singhal,COO,Taxi for sure.

TAXI FOR SURE LAUNCHES
"NANO TAXI SERVICE"
IN BENGALURU.

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for the first 2 Kms and Rs.10/-
per Km after that ,making it the most reasonable & comfortable
taxi service available in
Bengaluru.

To book contact 60601010 and
visit www.taxiforsure.com for more information.

Mr.Naoshi Yoshida,Head,Global Automotive & Enterprise Sales,NTT DATA
Corporation (second from left)

NTT DATA PROVIDES
STRATEGIC GLOBAL ERP
SUPPORT FOR DAIMLER.

NTT DATA,one of the fastest
growing global IT services provider will work with the 
shared services Centres,of Daimler in Mercedes-Benz Research and
Development,India, Bengaluru and Mercedes-Benz Turk,Istanbul,
to provide application support service for ERP templates.

EDITORIAL.

                                     LOWERING OF INTEREST RATES FOR LENDING.

                 The Finance Minister Mr.Arun Jaitley called for lowering of interest rates
                 to trigger growth.He says that the current interest rates are  disincentive. 
                 As inflation is stabilising he sees there is room for reduction of 
                 interest.But the Reserve Bank of India  does not seem to buy this 
                 argument.As Central bank they feel that the time is not still ripe for 
                 reduction and wish to wait for sometime till the inflation really 
                 stabilises .Both the arguments seem to be right.But can pure economics 
                 outweigh certain ground realities?.

                 If the Central bank reduces interest rates,the commercial banks will also
                 reduce their own interest rates.Lower interest rates make loans cheaper
                 which may lead to aggregate demand and spur economic growth.However,
                 it may even cause inflationery pressure which is worrying the RBI.What
                 worries the government is low credit offtake and the poor performance of
                 the manufacturing sector.Higher NPA's in the banking sector has lead to
                 "defensive banking" and the banks are shy of lending to manufacturing 
                 sector for the fear of adding more to the NPA's.This trend is not healthy 
                 in the long run.

                 One thing is sure,lower interest rates makes borrowing cheap which will
                 give a boost to the manufacturing sector and the demand for credit may
                 increase .This may even lead to higher economic growth and an increase
                 in real GDP.The government with people's mandate has certain duties
                 to perform like giving a boost to manufacturing sector which may lead to
                 increase in employment and also has to fulfil the Prime Minister's "Make
                 in India" for the world campaign.

                 

                             CAN WE HAVE A LAW LIKE 'THE FOREIGN ACCOUNT
                             TAX COMPLIANCE ACT (FATCA)  OF USA?.

                  The Foreign Account Tax Compliance Act is a U.S.Law enacted in
                  2010 as part of the Hiring Incentives To Restore Employment (HIRE)
                  Act. FATCA requires financial institutions outside the United States
                  to determine whether it has any customers who are U.S.Citizens and
                  report information on all of those customers' accounts to the Internal
                  Revenue Service (IRS).Any bank refusing to comply will be assessed
                  an automatic withholding Tax on its US source income.Eventhough
                  it has not even  fully gone  into effect yet (the first information 
                  exchange will take place in 2015),the law is widely viewed as a
                  'game changer ' in global information exchange and helped pave 
                  the way for other countries' commitments to a multi lateral
                 information exchange system. Source : Global Financial Integrity.

                 The G-20 nations declared in 2013 that the automatic exchange is
                 "the new Global standard" & pledged to begin exchanging
                 financial information automatically by the end of 2015.

                Global Financial Integrity estimates that in 2011,US$946.7 billion
                left developing countries in illicit financial outflows.