World Latest Routine News: September 2013

$ vs Rs

The fundamental reasons for the fall in rupee are, in my opinion :-

(a) Loss of faith in Indian Govt. by levying retrospective tax. Nowhere in the world have I heard this. Businesses are built based on the tax laws as on date. Suddenly you amend a law, saying that the tax has been increased wef last five years, the businesses will collapse. Imagine that your Income tax being increased with retrospective effect - would you like it?. Consequently,other utilities like APCPDCL have taken a hint and are charging you Fuel Surcharge with effect from last three years. A manufacturer takes the present day cost of inputs like power, wages, reasonable margin of profit, etc and fixes the cost of his product. After three years you increase the cost of the power used. From where will he get money to pay. If he increases the cost of his product, there may be no buyers and also this will to inflation.

(b) By passing a law that companies which are winding down must pay two years salaries to the employees. A company closes down only when it is going into a loss. If he is going into a loss how will he pay the two years salaries. Yes, situations like Cotton Mills closing down and land being sold at high value may exist. Treat these cases separately. Take the case of Air Deccan or Kingfisher- do you think they have the money?

(c) I understand that foreign insurance companies have pulled out their capital and are or have got out of the country. Why? Lack of faith in the country's law making system and also in the law interpretation system. This lead to a large amount of dollars going out of the country.

(d) Recently there was a news item that a lot of currency not printed by RBI was with them for destruction. Why should you release such information to public? In other words, a large amount of the Indian currency in circulation cannot be trusted - so foreign companies will pull out. Recently you may be aware that the parent company Unilever, had offered to buy up Hindustan lever Ltd' shares. Ask yourself as to why? In my opinion, to take away a large percentage of profit out of the country in the form of foreign currency.

(e) Cancellation of Licences issued and laying a penalty with retrospective effect. How will any one set up an industry, when you can go back on your word, purely for public opinion or vote bank politics. An agreement should be always treated as sacrosanct and should not be violated.

There are few more actions of the Govt. which has led to this situation - like doling out freebies, food security bill etc. Welfare is fine, but you must earn before you give charity. Petty thinking, lack of foresight and actions for immediate or short term gains have lead to lack of faith in the Rupee - which is being sold like Air Deccan's / Kingfisher's shares.

Monk who lives on top of a 130ft Cliff

This is what we call dedication to a cause. In an isolated region of the Caucasus a Georgian monk is spending his days in prayer and silence atop a 40-metre pillar of limestone.

Rex

The Katskhi Pillar was used by stylites (Christian ascetics who lived atop pillars and eschewed worldly temptation) until the 15th century when the practice was stopped following the Ottoman invasion of Georgia.

Rex

For centuries, the 40 metre (130ft) high pillar lay abandoned and locals could only look up at the mysterious ruins at its summit. However, after first being ascended in 1944, the pillar has been home to Maxime Qavtaradze, last of the stylites, since 1993.

Maxime gets his lunch delivered: Rex

Since then Maxime, who has previously spent time in prison, and the Christian community in the area have constructed a ladder to the top, rebuilt the church, and built a cottage where Maxime spends his days praying, reading, and "preparing to meet God".

The Caucasus, or Caucasia, is a region at the border of Europe and Asia, situated between the Black and the Caspian Seas. It is home to the Caucasus Mountains, which contain Europe's highest mountain, Mount Elbrus.

Via — Link

Chinese doctors grow new nose on man's forehead

Doctors Grow New Nose On Forehead Of Chinese Man, Xiaolian, To Replace One Lost In Car Accident.

Surgeons at a hospital will transplant a new nose grown on a patient’s forehead to his nasal spot in Fuzhou City, east China’s Fujian Province. The patient, nicknamed "Xiaolian," 22, suffered a severe nasal trauma in a serious car accident in August 2012.

Doctors grow new nose on Chinese man's forehead after road accident leaves him with damaged cartilage.

He just received basic medical remedy rather than a plastic surgery out of financial concerns following the accident. After months, however, his condition was infected due to absence of surgery and his nasal cartilage started to be corroded, making it impossible for surgeons to do nasal reconstruction. However, surgeons came up with an idea of growing a nose on Xiaolian’s forehead — a medical practice never tried in the world. The way is to grow the nose by placing a skin tissue expander onto Xiaolian’s forehead, cutting it into the shape of a nose and planting a cartilage taken from his ribs.

Links — 1, 2, 3

Shruti Hassan Latest Photoshoot

If industry insiders are to be believed, Tamanna Bhatia's loss may end up being Shruti Hassan's gain. Shruti, who sang a song in the Puneeth Rajkumar-starrer Prithvi, has reportedly been offered the lead role in the upcoming Telugu action-drama film Aagadu.

The female lead in the film, which also stars Mahesh Babu, was originally supposed to be Tamanna, who was finalized for it a couple of months back, but the filmmakers seem to have had a change of heart. The reason for this is that Shruti is now one of the most sought-after actresses in South-Side.