Tuesday, 11 March 2014

BJP, allies stuck in seat sharing imbroglio

Efforts to iron out glitches and finalise identification of seats in Tamil Nadu made little progress on Tuesday with the BJP and its allies continuing to show rigidity in parting with certain constituencies, sources said.
While the BJP wants to field its state president Pon Radhakrishnan from Kanyakumari parliamentary seat, it wants certain other seats including South Chennai (senior leader L. Ganesan, a strong contender) and Coimbatore (several aspirants for this seat).
Likewise, MDMK wants to field its chief Vaiko from Virudhunagar and has decided to re-nominate its sitting Lok Sabha MP A. Ganesamoorthy from Erode.
Although Theni, Madurai and Thanjavur are among the MDMK’s ‘wishlist of seats’, the party has indicated that it was open for negotiation.
Among the constituencies from where the DMDK intends to field its candidates were Arani, Salem and Arakonam. The PMK, arguing that it had already named candidates for these seats last year itself, does not want to negotiate further on these constituencies. Krishanagiri is another constituency sought by PMK, BJP and the DMDK.
A senior BJP leader requesting anonymity said “it was a challenging situation” as the interests of all the parties had to be protected.
Meanwhile, senior BJP leader L. Ganesan speaking to reporters in Chennai said “issues could crop up in seat sharing. We are however determined to amicably settle this and declare the seat allocation on March 14.”

DMK manifesto harps on reservation, social justice

The Dravida Munnettra Kazhagam (DMK) will continue to urge the Centre to bring suitable amendments to the official Languages Act to make official languages of all States as official languages at the Centre, the manifesto released on Tuesday by party leader M. Karunanidhi stated.
Seeking to capitalise on the achievements of the DMK, when it was part of the Congress-led UPA at the Centre, the manifesto steered clear of any sops and freebies, but harped on reservation and social justice.
"The DMK will strive for inclusion of fishermen all over India in the list of Scheduled Tribes and to get all the concession available for STs," said the manifesto.
Mr. Karunanidhi said that the absence of a national party in DMK alliance would not cause any setback to it.
Asked who would be the Prime Ministerial candidate of the DMK alliance as both the BJP and the Congress have already projected Narendra Modi and Rahul Gandhi respectively as candidates for the post, he replied, “We would project other than these two.”

G.K. Vasan NOT TO contest Lok Sabha polls

While chances of Congress forging an alliance in Tamil Nadu was growing slim, senior party leader and Union Shipping Minister, G.K. Vasan, on Tuesday declared that he would not contest the polls.
"I will not contest. I will tour all 39 constituencies and campaign for candidates. I want to ensure unity and an increase in vote share for the Congress," he said.
Addressing a press conference, the former TNCC president said he had told about his decision to the party high command. Mr. Vasan said after a long time, the party in Tamil Nadu had got an opportunity to fight the elections alone. Congress workers across the State were elated at the prospect and are looking forward to work for candidates in all 39 seats.
On the reason for the party not able to stitch an alliance, Mr. Vasan, in an apparent reference to the DMDK and the DMK, said that parties in Tamil Nadu have opted for "opportunistic alliances."
"When the results come out and the vote shares are declared, those who did not align with us will regret the decision… Some of them were with us for long and enjoyed the power. But they have left at the last moment. This will certainly be taken to the voters," the union minister pointed out.

Malaysia jet 'flew west' after last contact

Rescuers on Tuesday widened the search area for the missing Malaysia Airlines jet after it emerged that the Boeing 777 had possibly flown hundreds of kilometres west across Malaysia up to the Malacca Straits following its last radar contact.
Malaysian military officials said the aircraft changed course away from its planned route north towards Beijing near Kota Bharu, where it last made contact, and then "took a lower altitude".
The Boeing then may have flown west, reaching as far as the Malacca Strait off Malaysia's western coast, around 500 kilometres away from where the plane was earlier thought to have disappeared, military officials told Reuters.
The new revelation came on the fourth day of search operations, as aircraft and vessels from eight countries continued to unsuccessfully scour the Gulf of Thailand and the South China Sea northeast of the country, and began to expand the search into the Malacca Straits.
The Malaysian government said earlier the aircraft, with 239 people on board, had disappeared from civilian air traffic control at 1.30 am Saturday local time, around 50 minutes after taking off from Kuala Lumpur.
Military radars, however, detected the airplane one hour later, at 2.40 am, Malaysian Air Force chief Rodzali Daud told local media, raising the possibility that the plane, which had not sent any distress signal, had flown west with its transponders turned off following its last contact with civilian air traffic control an hour earlier.
The development came as officials said the two passengers on board with stolen passports were likely not linked with terror groups and were Iranian migrants, aged 18 and 29, seeking asylum in the West.
The Malaysian police chief said the two were likely "trying to migrate to Germany". The Iranian government said it would offer assistance with the Malaysian investigation into the stolen passports.
On board flight 370 were 154 Chinese, five Indians, 38 Malaysians, seven Indonesians, six Australians and travellers from the United States, France and half a dozen other nations. Some of the passengers' relatives, including 9 Chinese and three Indians who have waiting desperately in Beijing for news of their loved ones, travelled to Kuala Lumpur on Tuesday morning.

Seven killed in accident in Nepal

At least seven people were killed and six others injured on Tuesday in an accident in Western Nepal when the jeep they were travelling in veered off the road and plunged 200 metres down into a stream.
The accident happened in Fulbari Village of Dang district where the jeep carrying 13 passengers veered off the road and plunged down.
The jeep was headed to Amiliya from Tulsipur when the accident took place and it fell 200 metres down in to a stream.
The driver of the jeep and five passengers who were injured in the accident have been taken to Nepalgunj Municipality for medical treatment, police said.

Leaks boosted US security: Snowden

Edward Snowden, the whistleblower whose unprecedented leak of top-secret documents led to a worldwide debate about the nature of surveillance, insisted on Monday that his actions had improved the national security of the United States rather than undermined it, and declared that he would do it all again despite the personal sacrifices it caused him.
In remarks to the SXSW culture and technology conference in Texas, delivered by video link from his exile in Russia, Mr. Snowden, a former National Security Agency (NSA) contractor, took issue with claims by senior officials that he had placed the U.S. in danger.
He also rejected as demonstrably false the suggestions by some members of Congress that his files had found their way into the hands of the intelligence agencies of China or Russia.
Mr. Snowden spoke against the backdrop of an image of the U.S. constitution, which he said he had taken an oath to protect but had seen “violated on a mass scale” while working for the U.S. government. He accepted praise from Sir Tim Berners-Lee, the inventor of the world wide web, accorded the first question via Twitter, who said a simple “thank you” to Mr. Snowden and told him: “Your actions have been profoundly in the public interest.” The session provided a rare and extensive glimpse into the thoughts of Mr. Snowden, granted temporary asylum by Russia after the U.S. revoked his passport. He struck back against claims made again last week by the NSA director, General Keith Alexander, that his release of secret documents to the Guardian and other outlets last year had weakened American cyber-defences.
“These things are improving national security, these are improving the communications not just of Americans, but everyone in the world,” Mr. Snowden said. “Because we rely on the same standard, we rely on the ability to trust our communications, and without that, we don’t have anything.” He added later that thanks to the more secure communication activity that had been encouraged by his disclosures, “the public has benefited, the government has benefited, and every society in the world has benefited”.
Mr. Snowden rejected claims that potential adversaries of the US, such as Russia and China, had obtained the files he had been carrying. “That has never happened, and it is never going to happen. If suddenly the Chinese government knew everything the NSA was doing, we would notice the difference,” said Mr. Snowden, noting that U.S. infiltration of Russia and China was extensive.
He sharply criticised Alexander and Michael Hayden, his predecessor as NSA director, as the two officials to have most “harmed our internet security and actually our national security” in the era since the September 11 terrorist attacks by “elevating offensive operations” over cyber-defence.
“When you are the one country in the world that has a vault that is more full than everyone else’s, it doesn’t make any sense to be attacking all day and never defending your vault,” he said. “And it makes even less sense when you let the standards for vaults worldwide have a big back door that anyone can walk in.” The 30-year-old claimed that by spending so much effort on harvesting communications data en masse, U.S. security agencies were failing to pick up would-be terrorists such as Tamerlan Tsarnaev, one of the brothers alleged to have bombed last year’s Boston marathon, who had been previously flagged to the U.S. as a cause for concern by Russian authorities.
“We are monitoring everyone’s communications rather than suspects’ communications,” he said. “If we hadn’t spent so much on mass surveillance, if we had followed traditional patterns, we might have caught him.” Mr. Snowden also pointed to the case of Umar Farouk Abdulmutallab, the so-called “underwear bomber” who attempted to blow up a plane bound for Detroit on Christmas Day 2009. The U.S. failed to intercept him despite several opportunities, including a warning from his father to U.S. officials in Nigeria.
An audience of 3,500 packed into an auditorium in Austin applauded several of Mr. Snowden’s answers to questions from a pair of onstage moderators and others submitted through Twitter. Despite a glitchy and intermittent video link that he said was running through seven proxies, Mr. Snowden looked relaxed and confident.
He said that while the U.S. had “an oversight model that could work” to guard against excess by intelligence agencies, in reality it had proved ineffectual. “The problem is when your overseers are not interested in oversight,” he said, and “champion the NSA instead of holding them to account”.
James Clapper, the director of national intelligence, has admitted not telling the truth when he told a congressional hearing last year that the government was not “collecting data on millions of Americans”. Mr. Snowden said Mr. Clapper had shown officials “can lie to the country, lie to the Congress, and face not even a criticism”.
He encouraged ordinary internet users to protect themselves against surveillance by encrypting both their hard drives and their online activity, describing encryption as “the defence against the dark arts in the digital realm”. He also advised people to browse the web anonymously using the Tor system.
He urged software developers to create more user-friendly secure communications tools that could “pass the Glenn Greenwald test”, referring to Mr. Greenwald’s inability to communicate securely using PGP encryption when Mr. Snowden first approached the journalist, then working for the Guardian.
However he warned: “If you are a target of the NSA, it is game over no matter what unless you are taking really technical steps to protect yourself.” Despite now being unable to return to the U.S., where he faces a criminal indictment, a defiant Mr. Snowden said he did not regret his decision to orchestrate the biggest leak in the history of U.S. intelligence. “Would I do this again? The answer is absolutely yes,” he said. “Regardless of what happens to me, this is something we had a right to know.” By the end of his interview, the audience was on its feet to deliver a standing ovation. Mr. Snowden smiled and looked slightly embarrassed, before being abruptly cut off by the end of the video call, when the screen fell blank.

China moves to open up banking sector

China said on Tuesday it would allow, for the first time, the setting up of five private banks on a trial basis, and also move to liberalise deposit rates in the next two years, as regulators grapple with the rising pressure on the banking sector from a newly booming online finance industry.
The head of the China Banking Regulatory Commission (CBRC), Shang Fulin, told reporters here the first five private banks would be set up in Tianjin, Shanghai and the provinces of Zhejiang and Guangdong as a pilot project. The CBRC would work with ten private firms, including Internet giants Alibaba — the e-commerce giant — and Tencent.
He said the banks would be subject to the ‘same regulation and supervision’ as existing state-run banks, but would be focused more on small and medium enterprises. SMEs have complained of the struggle to obtain financing from the major banks, which tend to lend preferentially to other state-owned enterprises — an increasing source of frustration for entrepreneurs here.
In another deregulatory move, the governor of the Chinese central bank, Zhou Xiaochuan, said on Tuesday China would also loosen its grip on deposit rates in the next two years and move gradually towards liberalising interest rates.
The moves come amid a churn in China’s banking sector, driven in part by an unprecedented expansion of Internet financing products in recent months.
Only this week, the Alibaba-created Yu'ebao fund, which offers a 6 per cent annualised yield — almost double that offered by state-run banks — was reported to have garnered a remarkable $500 billion in capital in the nine months since its founding last June.
A research report this week said Yu'ebao, as of last month, had 81 million investors, surpassing the stock exchanges of Shanghai and Shenzhen, who list 67 million and 65 million shareholders.
The flexibility and ease of using Yu'ebao has prompted many Chinese to pull deposits out of the ‘big four’ traditional state-controlled banks — the Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank and the Agricultural Bank of China.
Among Yu'ebao's new users is one Beijing-based construction executive, who said, he was moving a sizable amount of his savings because of the low rates offered by the major banks. The ease of managing one’s account through sophisticated Yu'ebao applications was another attraction, he added.
“This is also more stable than other high risks products that are now getting into trouble,’’ he said, referring to recent defaults of high-profile trust products linked to real estate and steel sectors.
But one downside, he said, was the daily limit of depositing only 50,000 yuan (Rs.5 lakh).