Mumbai attacks India 26/11

125 dead, 327 injured in Mumbai attacks

New Delhi NSG commandos battled to flush out militants still resisting in three pockets in the country's financial capital on Friday, over 24 hours after heavily armed fighters killed at least 125 people in coordinated attacks.

Early on Friday morning, sporadic gunfire and explosions continued at a Jewish centre where at least 10 Israelis were trapped or being held hostage.


Police said militants were also still holed up at the Taj Mahal hotel and the nearby Oberoi-Trident hotel along with an unknown number of hostages.


Prime Minister Manmohan Singh pinned blame for the attacks on militant groups based in India's neighbours, usually an allusion to Pakistan, raising prospects of renewed tension between the nuclear-armed rivals.


He warned of "a cost" if these nations did not take action to stop their territory being used to launch such attacks.


An estimated 25 men armed with assault rifles and grenades -- at least some of whom arrived by sea -- fanned out across Mumbai on Wednesday night to attack sites popular with tourists and businessmen, including the city's top two luxury hotels.


Police said at least seven of the attackers were killed and nine suspects had been taken into custody. They said 12 policemen were killed, including Hemant Karkare, chief of the police anti-terrorist squad in Mumbai.


At least six foreigners, including one Australian, a Briton, an Italian and a Japanese national, were killed. Scores of others were trapped in the fighting or were being held hostage.


More than 300 people were wounded.


Commandos battled the militants through Thursday, often room to room in the hotels, to rescue people, police said. Flames billowed out of the buildings and loud explosions were heard during the fighting.


Mumbai, a city of nearly 18 million people that is the nerve-centre of India's growing economic prowess and home to the "Bollywood" film industry, was virtually shut down on Thursday as the battles raged.


But in a reflection of the poverty that sits cheek-by-jowl with the upmarket shops and restaurants in the city, hundreds of people were stretched out asleep on pavements and handcarts near the scenes of fighting.


The sea-facing Marine Drive in front of the Oberoi-Trident is a favoured spot for early morning walks, and some regulars came out for their constitutional despite the tension.


"I hear they (the security forces) have relaxed the rules a little so I came for my morning walk but I did not see any of the regulars," said Raja Ram Patil, 54, a local businessman.



British Prime Minister Gordon Brown said the attack would be met with a "vigorous response".


U.S. President-elect Barack Obama condemned the incident. Obama, who favours a regional solution to the war in Afghanistan and is encouraging Pakistan and India to make peace over Kashmir, was monitoring the situation closely, an aide said. [nLR502129]


The Times of India published a photograph of one of the attackers, dressed in a black T-shirt and holding an assault rifle with a backpack over his shoulder.


At least some of them had come ashore in what police said was a rubber dinghy. They commandeered a vehicle and sprayed passersby with bullets, and fired indiscriminately in a train station, hospitals and a popular tourist cafe.

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Kingfisher-Jet merger will impact fliers

Spandanangal:Kingfisher-Jet merger will impact fliers

SPANDANANGAL: LIC housing Project at Pattom

SPANDANANGAL: LIC housing Project at Pattom

LIC housing Project at Pattom

Life Insurance Corporation of India who boasts that everylife is insured with them has behaved in a manner that NOTHING IS INSURED when dealing with them.Regarding the above housing project of LIC they have now informed the allottees that they have terminated the project stating the reason the project not viable for LIC. The allottees are now fearing that there is a foul play and the failure from the part of LIC in performance of a contract entered with the public has triggered wide spread protest.
The LIC under the scheme invited applications from Indians including NRI's during October 2006 and the cost of application was Rs150/-The response was very high and LIC selected the alloottees througha Lucky Draw held on 22.04.2007.The cost of the flat was fixed at Rs20.46lac minimum and Rs25.73 lac maximum depending upon type of flat.LIC has accepted even the First instalment of sale price from the allottees whichranges from Rs4.70lakhs to Rs5.50lakhs.There were 52 allottees and from this one can understand the huge volume of money mobilised from the public and a Govt: institution finally shedding the project siting reason NOT VIABLE.There is a clear violation of the stipulated terms and conditions of the project.
A foundation stone was laid on December 18,2006 and now they have removed the same.So this is published to make aware the public that Nothing is Insured with LIC that tomorrow -- will they be saying that a particular insurance scheme is not viable and therefore we are returning the money to the policy holders?

PAPER BAG,COVER&SCREEN PRINTING sample project report

A SAMPLE PROJECT REPORT ON PAPER BAG, COVER MAKING AND SCREEN PRINTING
INTRODUCTION

Plastic, although considered as one of the greatest inventions by virtue of its use in carrying things has become a major element in polluting the environment. Kerala Government has imposed a ban on thin plastic carry bags and is likely to extend it to all the plastic carry bags, since they are bound to create health hazards. Eco-friendly paper carry bag is the only alternative and the Government has started encouraging the setting up of paper bag making units. Since there is lot of demand, paper bag making will certainly be a provider of self-employment.

With a view to have a better living by setting up a self-employment unit, we attended training at …………..for 15 days. By attending the above training, we acquired the knowledge and skill in paper bag making, cloth bag making and screen-printing. ………….. selected us for the training.

Entrepreneurship and Managerial inputs were also given to enable us to take up self-employment with confidence. Since the demand for the paper products are definitely going to increase, this proposal for setting up of a Paper bag Making and Screen Printing Unit is placed before you for sanction.
Promoter.

Details to be given

Market Analysis

The unit by name …… is proposed to be opened near……… There are no such units in the near vicinity. A market survey conducted as part of establishing the unit proved that here is ample scope for getting umpteen number of orders.

Land & Building
The unit will be established in rented premises. This is located on the roadside and proximity is an advantage for this activity.

Machinery & Equipments

The requirement of the machinery and equipments for the project is enclosed in the annexure.

Requirement of Raw Materials:

The required raw materials can be procured from the local market.

Paper, rope, eyelets, gum etc - Rs.20000

Man Power Requirement

The unit will provide direct employment to three to four persons. Part time assistance will also be there.
Sl.No. Particulars Nos. Wages/worker Total
1. Worker 2 1500 3000
2. Helper 2 500 1000
4000
Cost of project

Work shed - 15000
Racks - 8000
--------
23000

Machinery
Creasing Machine - 35000
Hole Punching Machine - 3000
Punch (Rs.100 x 5) - 500
Exposing Box - 6500
Screens - 2000
------------
Total - 47000
-------------
Furniture
Printing table - 6000
Mould - 4000
------------
10000
------------
Working Capital
Working capital requirement for procurement
of raw materials as above - 20000
Means of Finance
Contribution by the Promoter - 10000
Bank Loan - 90000
---------
Total - 100000
---------
Financial Viability
Covers - 25days x Rs.0.50 x 400 = 5000
Bag - 25 days x Rs.3.50 x 200 = 17500
Screen Printing - 15 days xRs.0.10 x 1000 = 1500
Visiting Cards - 10 days xRs.1.00 x 400 = 4000
Wedding Cards - 5 days xRs.2.00 x 300 = 3000
-----------
31000
----------
Expenditure
Variable cost
Materials - 15000
Wage - 4000
------------
19000
------------
Fixed Cost
Rent - 500
Electricity - 300
Depreciation - 500
Interest on Bank loan - 750
Insurance - 150
Repairs - 200
Admn. Exp - 300
Misc - 150
-------------
2850
-------------
Contribution = Sales - Variable cost
= 31000 - 19000
= 12000

Break Even point (BEP) = FC/Contribution
= 2850 /12000
= 23.75 %


Projected cost of Production & Profitability Statement

1st Year 2nd Year 3rd Year 4th Year 5th year
No. of Working days 320 320 320 320 320
Capacity utilization 100 100 100 100 100
A. Income 372000 390600 410100 430600 452100
B Expenditure
Raw Material 180000 180000 180000 180000 180000
Wage 48000 48000 48000 48000 48000
Electricity 3600 3600 3600 3600 3600
Rent 6000 6000 6000 6000 6000
Depreciation 6000 6000 6000 6000 6000



Interest on Bank Loan 9000 7700 5800 3600 1950
Insurance 1800 1800 1800 1800 1800
Repairs 2400 2400 2400 2400 2400
Admn Exp 3600 3600 3600 3600 3600
Misc 1800 1800 1800 1800 1800
Total (B) 262200 260900 259000 256800 255150
Profit 109800 129700 151100 173800 196950

Debt Service Coverage Ratio

1st Year 2nd Year 3rd Year 4th Year 5th year
Profit 109800 129700 151100 173800 196950
Depreciation 6000 6000 6000 6000 6000
Int. on loan 9000 7700 5800 3600 1950
124800 143400 162900 183400 204900
Payment of
Bank loan 18000 18000 18000 18000 18000
Int. on loan 9000 7700 5800 3600 1950
27000 25700 23800 21600 19950
Balance of Profit 97800 117700 139100 161800 184950
DSCR 4.62 : 1 5.58 : 1 6.84 : 1 8.49 : 1 10.27 : 1

Average DSCR = 7.16

The project is to break even at 23.75%. Average DSCR works out to 7.16, which takes care of the repayment obligation and the unit can generate income too. Since the group comprising of…. members does the masterwork the income generation is always bound to increase with further curbing down of expenditure.

Hence this proposal for setting up of a Paperbag, papercovers and screen printing unit is found to be technically feasible & financially viable.