ASSOCHAM REACTIONS ON BUDGET:Budget is realistic,Targets Achievable,

Focus on reviving Maufacturing .The emphasis on key  infrastructure like roads,

and airports will revive investor confidence in the key sectors of the economy.

Seventh ISSS  International Conference on Smart Materials Structures
& Systems  (ISSS 2014)- July 08 to July,11,2014 at J.N.Tata Auditorium,Bengaluru.

Institute for Smart Structures and Systems (ISSS) organised the conference 
covering topics including:

                             # Adaptive/ Smart materials.
                             # Sensors & Actuators.
                             # Design,Modelling & Simulation.
                             # MEMS: Design,electronics & Packaging.
                             # Nanotechnologies.
                             # Micro and smart systems for  energy harvesting.
                             # Signal conditioning & processing techniques &
                                Cyber physical systems for micro systems.
                             # Applications : Structural Health monitoring,Automotive
                                Sensors ,Agriculture,BioMEMS & RF-MEMS. 

                                       ORAL EXPERTS DEMAND HIKE IN TAXES FOR TOBACCO
                                                                       RELATED PRODUCTS.

     Increasing tobacco addiction cases among youth has been a major cause for 
     worry.While there have been attempts to tackle the issue via awareness 
     campaigns,experts say that increasing the price of tobacco through higher 
     taxes is the most effective way to curb tobacco usage.   

     Prominent experts in oral medicine including Dr.Prabhuji MLV,President
     Indian Dental Association,Karnataka addressed the media.They said
     that World Health Organisation (WHO) recommends a 65% to 80%
     tax on tobacco products.India falls short of this benchmark.Here,
     Karnataka stands at a dismal 17% on cigarettes & 0% on beedis
     according to the press release of Indian Dental Association-Karnataka.
                                   
        

                                          VIRTUAL CURRENCY-BITCOINS.

              The Financial Action Task Force (FATF),an independent intergovernmental
              Organisation has published a paper looking into the money laundering and
              terrorism financing risks involved with digital currencies.

              Coincidentally, the paper was published just days after the OECD published
              a white paper ' a working paper on bitcoin'.

              The paper points out that ' virtual currency has the potential to improve 
              payment efficiency and reduce transaction costs for payments and fund
             transfers.Bitcoin may potentially provide benefit to existing online 
             payment systems like paypal".

             On the RISK side,FATF concludes digital currencies are "potentially
             vulnerable to money laundering and terrorist finance abuse".

            Source; Global Financial Integrity.

                                                                
                          ISRAELI  FILM FESTIVAL  IN  BENGALURU.                                      .   
                           

               The Consulate General of Israel  announced screening of 9  Israeli films 
               during the first ever official Israeli Film Festival to be held in the city from 
               July,3 to 31st July,2014.

               Mr.Menahem Kanafi,the Consul General of Israel in Bengaluru announced 
               the details of the film festival to the media.He said,"the idea behind such a 
               festival is to expose the various facets of life in Israel and to point out 
               universal connections between Israeli and Indian art-and life.It is a  
               privilege to screen Israeli films in a country like India which is one of the 
               world's leading film producers".

               The festival features some of the best of Israeli cinema including the 2011 
               Oscar nominee in the Best Foreign film category i.e 'FOOTNOTE". The  
               films will be screened at Suchitra Film society,Alliance Francaise,
               Bangalore International Centre and Shanti Road studio and will have  
               35 screenings in total.

               The film festival is open to public at all the four centres and it is FREE. 
               The films will be screened at 6.30 P.M.The films to be screened are 
               ALBUM 61, BY SUMMER's END, 5 HOURS FROM PARIS, THE BAND's
               VISIT, JELLY FISH, SWEET MUD, and BONJOUR MONSIEUR SHLOMI.
               All the films will have English sub titles.
                                                         

BGS GLOBAL HOSPITALS PERFORMS FIRST DUAL ORGAN TANSPLANTATIONS IN KARNATAKA.

BGS Global Hospitals,Bengaluru,performed
the first dual organ (Liver & Kidney) Transpnatation procedure.
Addressing the media,Dr.N.K.Venkataramanaa,Vice Chairman & Chief NeuroSurgeon,BGS Hospitals said,"This is a tribute to all the doctors on the eve of Doctor's day (1.07.2014),the birthday of
Dr.B.C.Roy".He also  said, that the latest problem faced by many is the "fatty Liver' 
due to our food habits.
The dual organ transplantation was performed by a team of multi organ transplant surgeons,Dr.Mathew Jacob,Dr.Sonal Asthana,Dr.Rajiv Lochan,& clinically supported
byDr.Kaiser Raja,consultant,Hepatologist,Dr.Anil Kumar,Consultant,Nephrologist
at BGS Hospitals.

Dr.Mathew Jacob said," It is a rare condition where both Liver & Kidney had failed
simultaneously.Luckily, the family of a brain dead patient came forward to donate 
the organs.After an extensive 4 hour surgery ,organs were retreived carefully for transplantation.
Then the patient was prepared for receiving the transplantation.First,his damaged 
liver was removed and the donated liver was transplanted.Subsequently,kidney was  
also transplanted through a separate incision under the same anaesthesia.It was a  
14 hour marathon surgery and the patient is recovering well,according to the press  
release of the hospital.

VIJAYA BANK- AGM.

The Fourteenth Annual General Meeting of Vijaya Bank was held on 27.06.2014 at its Head Office at Bangalore. The bank has declared final dividend of Rs.1 per share (10%).This is in addition to the interim dividend of Rs.1 /- per share declared earlier in january,2014. 

      INDIA IS CURRENTLY THE WORLD'S LARGEST ARMS IMPORTER.

      According to the Stockholm International Peace Research Institute,India's
     Weapon imports rose by 111% between the year 2004-2008  and in 2009-2013
     period ,India accounted for 14% of all international imports.

    Source : Jeremy Bender,Business Insider & Yahoo Finance,India.

Mr.Merkera Rao with Mr.Sanjiv Patel addressing Media.

USA MEDICAL MANAGEMENT LLC 
H1 VISA FOR DOCTORS.

The medical graduates from India can settle in USA through
H1 visa programme to get into a paid research fellowship position in an ACGME accredited residency program .This will be
with the help of Resident Medical Group(RMG) & USA Medical Management based in Los Angeles .

Addressing the media Mr.Merkera Rao,Executive Vice President USA Medical Management LLC said, the doctors will be working as Research Assistants
for one year with stipend of USD2500.They must undergo USMLE 1&2 prep,ECFMG and so on. Before making any decision they are advised to visit  www.usamedicalmanagement.com & www.residentsmedicalgroup.com for further details. 

DAILY INDICATORS:

                                                      Nasdaq :    4337.23     +16.13     0.37%
                                                      S&P 500:   1941.99     +  4.21     0.22%
                                                      Crude Oil:  $106.72     -   0.18
                                                      Dollar        Rs 60.23.
                                                      Gold          Rs.27,309.
                                                      Silver        Rs.41,931.
 Source:Rediff moneywiz. 

        EDITORIAL.

                                                    DELHI POWER CRISIS.


                   The acute Power crisis in Delhi is due to the inefficient handling of 
                   power supply and distribution by the Delhi government headed by
                  the then Chief Minister Ms. Sheila Dixit for three terms and 
                  Mr.Arvind Kejriwal,who was the Chief Minister of Delhi for 49 days.
                  In reality, we understand there is no dearth of power in Delhi but the
                  main problem lies in distribution.The then government has not done
                  anything to take corrective and timely action as Power is in concurrent 
                  list and the Congress party was in power both at the centre and in state.

                  We wish the new government headed by Mr.Narendra Modi and 
                  the Power Minister Mr.Piyush Goyal take immediate action and relieve
                  the people of Delhi from their problems.


                                                              

Prime Minister Narendra Modi Releasing the Book" Getting India Back on Track-An Action Agenda for Reform.

This book has been published by Carnegie Endowment for International Peace.The foreword has been written by Ratan Tata.The book contains insightful essays by eminent academicians and public policy experts.This book is edited by Bibek Debroy,Ashley J Tellis  & Reece Trevor. The papers in the book deals with subjects like macro economy,fiscal,agricultural,manufacturing ,defence,law & order and  foreign policy.

Courtesy: Yahoo News India & photo- PIB.