Thursday, 14 August 2014

India - Independance day of 2014

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India , officially the Republic of India (Bhārat Gaṇarājya), became an independent nation in 15th August 1947 is a country of South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north-east; and Burma and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.

Home to the ancient Indus Valley Civilisation and a region of historic trade routes and vast empires, the Indian subcontinent was identified with its commercial and cultural wealth for much of its long history. Four world religions Hinduism, Buddhism, Jainism, and Sikhism originated here, whereas Judaism, Zoroastrianism, Christianity, and Islam arrived in the 1st millennium CE and also helped shape the region's diverse culture. Gradually annexed by and brought under the administration of the British East India Company from the early 18th century and administered directly by the United Kingdom from the mid-19th century, India became an independent nation in 15th August 1947 after a struggle for independence that was marked by non-violent resistance led by Mahatma Gandhi.

The Indian economy is the world's tenth-largest by nominal GDP and third-largest by purchasing power parity (PPP). Following market-based economic reforms in 1991, India became one of the fastest-growing major economies; it is considered a newly industrialised country. However, it continues to face the challenges of poverty, corruption, malnutrition, inadequate public healthcare, and terrorism. A nuclear weapons state and a regional power, it has the third-largest standing army in the world and ranks ninth in military expenditure among nations. India is a federal constitutional republic governed under a parliamentary system consisting of 29 states and 7 union territories. India is a pluralistic, multilingual, and a multi-ethnic society. It is also home to a diversity of wildlife in a variety of protected habitats.

India is the world's most populous democracy. A parliamentary republic with a multi-party system, it has six recognised national parties, including the Indian National Congress and the Bharatiya Janata Party (BJP), and more than 40 regional parties. The Congress is considered centre-left or "liberal" in Indian political culture, and the BJP centre-right or "conservative". For most of the period between 1950 when India first became a republic and the late 1980s, the Congress held a majority in the parliament. Since then, however, it has increasingly shared the political stage with the BJP, as well as with powerful regional parties which have often forced the creation of multi-party coalitions at the centre.

In the Republic of India's first three general elections, in 1951, 1957, and 1962, the Jawaharlal Nehru-led Congress won easy victories. On Nehru's death in 1964, Lal Bahadur Shastri briefly became prime minister; he was succeeded, after his own unexpected death in 1966, by Indira Gandhi, who went on to lead the Congress to election victories in 1967 and 1971. Following public discontent with the state of emergency she declared in 1975, the Congress was voted out of power in 1977; the then-new Janata Party, which had opposed the emergency, was voted in. Its government lasted just over three years. Voted back into power in 1980, the Congress saw a change in leadership in 1984, when Indira Gandhi was assassinated; she was succeeded by her son Rajiv Gandhi, who won an easy victory in the general elections later that year. The Congress was voted out again in 1989 when a National Front coalition, led by the newly formed Janata Dal in alliance with the Left Front, won the elections; that government too proved relatively short-lived: it lasted just under two years. Elections were held again in 1991; no party won an absolute majority. But the Congress, as the largest single party, was able to form a minority government led by P. V. Narasimha Rao.

A two-year period of political turmoil followed the general election of 1996. Several short-lived alliances shared power at the centre. The BJP formed a government briefly in 1996; it was followed by two comparatively long-lasting United Front coalitions, which depended on external support. In 1998, the BJP was able to form a successful coalition, the National Democratic Alliance (NDA). Led by Atal Bihari Vajpayee, the NDA became the first non-Congress, coalition government to complete a five-year term. In the 2004 Indian general elections, again no party won an absolute majority, but the Congress emerged as the largest single party, forming another successful coalition: the United Progressive Alliance (UPA). It had the support of left-leaning parties and MPs who opposed the BJP. The UPA returned to power in the 2009 general election with increased numbers, and it no longer required external support from India's communist parties. That year, Manmohan Singh became the first prime minister since Jawaharlal Nehru in 1957 and 1962 to be re-elected to a consecutive five-year term. In the 2014 general election, Bharatiya Janata Party became the first political party since 1984 to win a majority and govern without the support of other parties.

Wednesday, 13 August 2014

Islamic Republic of Pakistan

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The gradual decline of the Mughal Empire in the early eighteenth century enabled Sikh rulers to control large areas until the British East India Company gained ascendancy over South Asia. The Indian Rebellion of 1857, also known as the Sepoy Mutiny, was the region's major armed struggle against the British. The largely non-violent independence struggle led by the Indian National Congress engaged millions of protesters in mass campaigns of civil disobedience in the 1920s and 1930s.

The All-India Muslim League rose to popularity in the late 1930s amid fears of under-representation and neglect of Muslims in politics. In his presidential address of 29 December 1930, Muhammad Iqbal called for "the formation of a consolidated North-West Indian Muslim State" consisting of Punjab, North-West Frontier Province, Sind and Baluchistan. Muhammad Ali Jinnah, the founder of Pakistan, espoused the two-nation theory and led the Muslim League to adopt the Lahore Resolution of 1940, popularly known as the Pakistan Resolution. In early 1947, Britain announced the decision to end its rule in India. In June 1947, the nationalist leaders of British India—including Jawaharlal Nehru and Abul Kalam Azad representing the Congress, Jinnah representing the Muslim League, and Master Tara Singh representing the Sikhs—agreed to the proposed terms of transfer of power and independence.

The modern state of Pakistan was established on 14 August 1947 (27 Ramadan 1366 in the Islamic Calendar) in the eastern and northwestern regions of British India, where there was a Muslim majority. It comprised the provinces of Balochistan, East Bengal, the North-West Frontier Province, West Punjab and Sindh. The partition of the Punjab and Bengal provinces led to communal riots across India and Pakistan; millions of Muslims moved to Pakistan and millions of Hindus and Sikhs moved to India. Dispute over Jammu and Kashmir led to the First Kashmir War.

After independence, the President of the Muslim League, Mohammed Ali Jinnah, became the new nation's first Governor-General, and the Secretary General of the Muslim League, Nawabzada Liaquat Ali Khan became the first Prime Minister. From 1947 to 1956, Pakistan was a dominion in the Commonwealth of Nations under two monarchs. In 1947, George VI relinquished the title of Emperor of India and became King of Pakistan. He retained that title until his death on 6 February 1952, after which Queen Elizabeth II became Queen of Pakistan. She retained that title until Pakistan became an Islamic and Parliamentary republic in 1956, but civilian rule was stalled by a military coup led by the Army Commander-in-Chief, General Ayub Khan. The country experienced exceptional growth until a second war with India took place in 1965 and led to economic downfall and internal instability. Ayub Khan's successor, General Yahya Khan (President from 1969 to 1971), had to deal with a devastating cyclone which caused 500,000 deaths in East Pakistan.

In 1970, Pakistan held its first democratic elections since independence, that were meant to mark a transition from military rule to democracy, but after the East Pakistani Awami League won, Yahya Khan and the ruling elite in West Pakistan refused to hand over power. There was civil unrest in the East, and the Pakistan Army launched a military operation on 25 March 1971, aiming to regain control of the province. The genocide carried out during this operation led to a declaration of independence and to the waging of a war of liberation by the Bengali Mukti Bahini forces in East Pakistan, with support from India. However, in West Pakistan the conflict was described as a civil war as opposed to War of Liberation.

Independent estimates of civilian deaths during this period range from 300,000 to 3 million. Attacks on Indian military bases by the Pakistan Air Force in December 1971 sparked the Indo-Pakistani War of 1971, which ended with the formal secession of East Pakistan as the independent state of Bangladesh.
With Pakistan's defeat in the war, Yahya Khan was replaced by Zulfikar Ali Bhutto as Chief Martial Law Administrator. Civilian rule resumed from 1972 to 1977. During this period Pakistan began to build nuclear weapons; the country's first atomic power plant was inaugurated in 1972. Civilian rule ended with a military coup in 1977, and in 1979 General Zia-ul-Haq became the third military president. Military government lasted until 1988, during which Pakistan became one of the fastest-growing economies in South Asia. Zia consolidated nuclear development and increased Islamization of the state. During this period, Pakistan helped to subsidise and distribute US resources to factions of the Mujahideen movement against the 1979 Soviet invasion of Afghanistan.

Zia died in a plane crash in 1988, and Benazir Bhutto, daughter of Zulfikar Ali Bhutto, was elected as the first female Prime Minister of Pakistan. She was followed by Nawaz Sharif, and over the next decade the two leaders fought for power, alternating in office while the country's situation worsened; economic indicators fell sharply, in contrast to the 1980s. This period is marked by political instability, misgovernance and corruption. In May 1998, while Sharif was Prime Minister, India tested five nuclear weapons and tension with India heightened to an extreme: Pakistan detonated six nuclear weapons of its own in the Chagai-I and Chagai-II tests later in the same month. Military tension between the two countries in the Kargil district led to the Kargil War of 1999, after which General Pervez Musharraf took over through a bloodless coup d'état and assumed vast executive powers.

Musharraf ruled Pakistan as head of state from 1999 to 2001 and as President from 2001 to 2008, a period of extensive economic reform and Pakistan's involvement in the US-led war on terrorism. On 15 November 2007, Pakistan's National Assembly became the first to complete its full five-year term, and new elections were called. After the assassination of Benazir Bhutto in December 2007, her Pakistan Peoples Party (PPP) won the largest number of seats in the 2008 elections, and party member Yousaf Raza Gillani was sworn in as Prime Minister. Musharraf resigned from the presidency on 18 August 2008 when threatened with impeachment, and was succeeded by Asif Ali Zardari. Gillani was disqualified from membership of parliament and as prime minister by the Supreme Court of Pakistan in June 2012. By its own estimates, Pakistan's involvement in the war on terrorism has cost up to $67.93 billion, thousands of casualties and nearly 3 million displaced civilians. The Pakistani general election of 2013 saw the Pakistan Muslim League (N) achieve a majority, following which Nawaz Sharif became elected as the Prime Minister of Pakistan, returning to the post for the third time after fourteen years, in a democratic transition.

Saturday, 9 August 2014

Imran Khan Niazi Chairman of Pakistan Tehreek-e-Insaf (PTI)

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Imran Khan Niazi born on 25 November 1952 is a Pakistani politician and former cricketer. He played international cricket for two decades in the late twentieth century and, after retiring, entered politics. Besides his political activism, Khan is also a philanthropist, cricket commentator, chancellor of the University of Bradford and founding chairman of Board of Governors of Shaukat Khanum Hospital. He also founded Namal College, Mianwali in 2008.

He was Pakistan's most successful cricket captain, leading his country to victory at the 1992 Cricket World Cup, playing for the Pakistani cricket team from 1971 to 1992, and serving as its captain intermittently throughout 1982–1992. After retiring from cricket at the end of the 1987 World Cup in 1988, owing to popular demand he was requested to come back by the president of Pakistan Zia ul Haq to lead the team once again. At the age of 39, Khan led his team to Pakistan's first and only One Day World Cup victory in 1992. With 3807 runs and 362 wickets in Test cricket, he is one of eight world cricketers to have achieved an 'All-rounder's Triple' in Test matches. On 14 July 2010, Khan was inducted into the ICC Cricket Hall of Fame.

In April 1996, Pakistan Tehreek-e-Insaf (PTI) political party was established and Khan became its chairman. He represented Mianwali as a member of the National Assembly from November 2002 to October 2007, he was again elected on 11 May 2013, while his party gained 35 seats in the National Assembly. Global Post mentioned him third in a list of nine world leaders of 2012 and recognized Khan as the face of the anti-drone movement in Pakistan. According to Asia Society, Khan was voted as Asia’s Person of the Year 2012. As the Pew Research Center, in 2012 a majority of Pakistani respondents offered a favorable opinion of Khan, the survey also revealed Khan's fame among youth.

Imran Khan supported General Pervez Musharraf's military coup in 1999, believing Musharraf would "end corruption, clear out the political mafias". According to Khan, he was Musharraf's choice for prime minister in 2002 but turned down the offer. The 2002 Pakistani general election in October across 272 constituencies, Khan anticipated in the elections and was prepared to form a coalition if his party did not get a majority of the vote. He was elected from Mianwali. He has also served as a part of the Standing Committees on Kashmir and Public Accounts.

On 6 May 2005, Khan was mentioned in Newsweek story about the alleged desecration of the Qur'an in a U.S. military prison at the Guantánamo Bay Naval Base in Cuba. In June 2007, Khan faced political opponents in and outside the parliament.

On 2 October 2007, as part of the All Parties Democratic Movement, Khan joined 85 other MPs to resign from Parliament in protest of the presidential election scheduled for 6 October, which general Musharraf was contesting without resigning as army chief. On 3 November 2007, Khan was put under house arrest, after president Musharraf declared a state of emergency in Pakistan. Later Khan escaped and went into hiding. He eventually came out of hiding on 14 November to join a student protest at the University of the Punjab. At the rally, Khan was captured by students and was mistreated.

On 30 October 2011, Khan addressed more than 100,000 supporters in Lahore, challenging the policies of the government, calling that new change a "tsunami" against the ruling parties, Another successful public gathering of 250,000 supporters was held in Karachi on 25 December 2011. Since then Khan has become a real threat to the ruling parties and a future political prospect in Pakistan. According to the International Republican Institute's (IRI's) survey, Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) tops the list of popular parties in Pakistan both at the national and provincial level.

On 6 October 2012, Khan joined a vehicle caravan of protesters from Islamabad to the village of Kotai in Pakistan's South Waziristan region against U.S. drone missile strikes.

On 23 March 2013, Khan introduced the "Naya Pakistan Resolution" (New Pakistan) at the start of his election campaign.

On 29 April The Observer termed Khan and his party Pakistan Tehreek-e-Insaf as the main opposition to the Pakistan Muslim League-Nawaz. On 30 April 2013, Manzoor Wattoo president of Pakistan Peoples Party (Punjab) offered Khan the office of prime minister in the possible coalition government which would include the PPP and Khan's PTI, in a move to prevent Pakistan Muslim League-Nawaz to make the government, but the offer was rejected.

During the 1990s, Khan also served as UNICEF's Special Representative for Sports and promoted health and immunisation programmes in Bangladesh, Pakistan, Sri Lanka and Thailand. While in London, he also works with the Lord's Taverners, a cricket charity. On January 2014, YouGov ranked Khan as a famous person in and out of Pakistan.

Wednesday, 25 June 2014

Casual Sex Is Good, According to Favorite Study Abroad Guide

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Free Study Abroad Guide
You can stop having a mini meltdown and inhaling a bottle of wine, you have a one night stand because a new study has revealed it might actually be good for you according to favorite study abroad guide.

The study abroad guide from New York University, published earlier, dispels popular misconceptions that casual sex can leave participants with low self-esteem and self-worth following a sexual encounter with someone who is not a long-term partner.  The researchers asked students at the United State University to keep a weekly diary for 12 weeks and to write down how they felt after they’d had sex and the results were very surprising.

According to researchers: ‘When it came to those who were sexually unrestricted, having casual sex was associated with higher self-esteem and life satisfaction and lower depression and anxiety.’ ‘Typically, sexually unrestricted individuals reported lower distress and higher thriving following casual sex, suggesting that high sexuality may both buffer against any potentially harmful consequences of casual sex and allow access to its potential benefits.’

The students selected to appear in the study abroad guide admitted leaning towards ‘sexuality’, a term which basically means that they did not have a problem with having sex outside of a relationship. The even more surprising part? There were no notable gender differences. Turns out women do enjoy a spot of casual sex just as much as men.

Monday, 23 June 2014

Cindy Crawford - How I Look 20 Years Younger

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Cindy Crawford has defied aging as her skin remains amazingly flawless despite the passage of 20 years since the start of her modeling days. We chatted with Cindy Exclusively on June 18 to learn about her must have beauty secrets and she’s spilling them below! Cindy Crawford, 48, is one of America’s most well known beauties. She has graced the cover of countless magazines.She nears her 50s, her skin and natural beauty are as radiant as ever. Her Meaningful Beauty skin care products, created from her collaborative work with anti-aging specialist Dr. Jean-Louis Sebagh, contain the secret to Cindy’s stunning, youthful glow.

Cindy Crawford’s Beauty Secrets  The Key To Looking Young & Her Healthy Skin
When our Beauty Director Dory Larrabee Zayas asked Cindy about her daily beauty routines, Cindy surprisingly responded, “I always say the secrets are there  are no secrets.”

Do you use Meaningful Beauty?
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“Obviously I use Meaningful Beauty, but it’s really about doing it every day,” said Cindy. “It’s cumulative and it’s about avoiding the sun and it’s about not smoking and it’s about drinking a lot of water and getting enough sleep. It starts with what you put in your body, and exercise. All of those things that we all know, you have to do it.”  Cindy’s healthy lifestyle is key to looking and feeling good all the time, but her Meaningful Beauty Skin Softening Cleanser is designed to be a helpful accessory for smooth and plump skin even as it ages.

Meaningful Beauty Skin Softening Cleanser One Of Our Must-Haves
The major focus of this cleanser is to hydrate the skin while keeping the face’s natural oils still intact. The skin stays nourished which helps maintain a smooth look. The Meaningful Beauty products help keep Cindy looking just as amazing as she did years ago, but she’s aware that no one is immune to aging. “You know, I’m still getting older,” Cindy told us Exclusively. “I don’t look like I did when I was 28, but it’s about looking and feeling good at every age.”


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Wednesday, 16 April 2014

Beautiful Girls - Pretty Girls

Megumi Yasu Hot Girl from Japanese

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Megumi Yasu was born and raised in Tokyo. Thanks to the beauty endowed with efforts to work hard, this beauty has quickly become a star. Yasu had been voted the most beautiful bikini models wearing cherry country, the top beauties are Japanese men want to be traveling together.

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Sunday, 6 April 2014

Super Sexy Pictures of the Hottest Girls

We will start with 777 super sexy pictures of the hottest girls on the internet and will add 20-50 new gorgeous ladies everyday. Sounds good ? Get this app then:)
Contains no porn, sex or any other sexually explicit images or GIFs.
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Features:
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Rated 18+ and high maturity.
All the permissions are for displaying ads.

The pictures here are freely available on a huge number of websites, have no water marks or any other identifications and therefore are considered to be in public domain. If you are the owner of an images and don't want it in the app - email me and i'll take it down immediately.

We have put a lot of time and thought into this application and hope you will enjoy it. This application is free, and in order to keep it as such and to enable us to bring you more apps like this in the future, we have included a Search Monetization platform by Appwiz, which will include the following:


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Sunday, 5 January 2014

Study in Jewelry & Metal Arts

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Enter a Jewelry & Metal Arts study like no other, where the next generation designs and crafts unique objects, jewelry and prototypes for mass production. Through these creative jewelry and metal arts courses, students will find and cultivate their artistic voices as they create one-of-a-kind pieces utilizing techniques ranging from traditional jewelry design skills to the latest in digital 3D printing and laser cutting.

Jewelry & Metal Arts study abroad program provides a hands-on environment in which students can develop their jewelry and metal design skills and concepts, plus collaborate with students from many different programs including the School of Fashion, School of Photography and School of Fine Art Sculpture, among others.

Courses
Jewelry & Metal Arts courses include Fashion Jewelry, Enameling, Stone Setting, Casting and many others.

Schedule of Classes
View Jewelry & Metal Arts course offerings, read course descriptions and plan your schedule.

Degrees
Academy of Art University offers accredited AA, BFA and MFA Jewelry & Metal Arts degree programs.

Programs
Study Jewelry & Metal Arts through our undergraduate programs, graduate programs, continuing art education and pre-college art experience programs.

Featured Faculty
Learn from top industry professionals in Jewelry & Metal Arts Design who work to inspire you and develop your unique talents.

Facilities
Get hands-on experience with the latest tools at an innovative Jewelry & Metal Arts school and create a dynamic body of work that stands out above the rest.

News & Success Stories
Find your motivation in the successes Academy alumni and faculty members have had. See what took them to the top of the industry and earned the acclaim of their peers.

Spring Show Portfolio
This isn’t your typical jewelry & metal arts school. See the student work that can truly be called the best of the best from this year's Spring Show.

Professional Opportunities
A degree from the School of Jewelry & Metal Arts is so much more than just a jewelry and metal design degree. It is a pathway to a creative future, opening doors to countless opportunities.

Firms & Clients Hiring Our Graduates
Academy of Art University graduates have gone on to work for jewelry and metal designers, plus fashion designers such as Bing Bang, Jeremy Scott, Coach, Target, and many others.

Program Learning Outcomes
To learn more about the skills you will acquire in this Jewelry & Metal Arts Study Program, view BFA Program Learning Outcomes and  MFA Program Learning Outcomes .

Sunday, 22 December 2013

Enjoy Christmas with Santa Claus at the North pole

Welcome to a Celebration of Christmas in London, UK.


Merry Christmas from FREE STUDY ABROAD GUIDE
Enjoy Christmas with Santa Claus at the North pole. Send a letter to Santa Claus or a Christmas card to a friend. Christmas is an annual commemoration of the birth of Jesus Christ and a widely observed cultural holiday, celebrated generally on December 25 by billions. Share gift ideas, wish lists, Christmas recipes, Christmas traditions, Christmas games, photos. Christmas is a time for Families, Fun, and Festivities. A time of family gatherings and holiday meals. A time for Santa, stars, and singing carolers.

Better way to spend your Christmas Day in London looks most beautiful at this time, and the great thing is that the city is a whole lot quieter than it is during the rest of December, which means you can explore the city at your own pace, in relative peace and quiet. Remember that the Christmas period is invariably very cold in London and the UK in general.

Merry Christmas dear friends! I hope your day is filled with joy. Wishing a Merry, Merry Christmas and a hope for a happy New Year


Wednesday, 18 December 2013

Latest Bollywood Movie Dhoom 3

Latest Bollywood Movies 2013 with top ratings, reviews, trailers, videos, songs and photos. Completion of 100 years of Bollywood, this year will see many big-budget films in Bollywood releasing,

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Dhoom 3
DHOOM 3

Produced by
Aditya Chopra,

Directed & Written by
Vijay Krishna Acharya,





DHOOM:2. Apart from Aamir Khan, who plays the anti-hero in the film, and Katrina Kaif, both Abhishek Bachchan and Uday Chopra will continue in their now iconic roles of Jai Dixit and Ali.

Tuesday, 29 October 2013

IPhones: Samsung Extends Smartphone Lead Over Apple


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The worldwide smartphone market saw record sales in the quarter, with growth of 38.8% from a year ago and 258.4 million units sold, the IDC survey said.

The South Korean electronics giant Samsung widened its lead, shipping 81.2 million smartphones, boosting its market share by nearly half a percentage point to 31.4 %.

Apple sold 33.8 million IPhones in the quarter, but its growth was slower than the overall market, so its share slipped to 13.1% from 14.4% last  year.

China's Huawei moved into third place, propelled by 76 percent year-over-year growth. It sold 12.5 million smartphones, grabbing a market share of 4.8%,  just ahead of the 4.7% for fellow Chinese firm Lenovo.

South Korea's LG slipped from third to fifth place, with a 4.6% share, despite sales growth of 71%.

"Beyond Samsung and Apple at the top of the rankings is a tight race of vendors trying to break out from the pack," said IDC analyst Ramon Llamas.

"Chinese vendors Huawei and Lenovo moved past LG, and not far behind are two more Chinese Companies, Coolpad and ZTE."

The survey did not break down the market share for Android, the dominant operating platform from Google. But a separate report from ABI Research said Android's global market share reached a record 80.6%.  ABI estimated Apple's share at 14%, with Windows Phone at four percent and BlackBerry 1.5%.

"The race for the third ecosystem is clearly favoring Windows Phone... but there remains little opportunity for new market entrants to make a significant impact on Android’s dominance," said ABI analyst Michael Morgan.

ABI's estimate showed 244 million smartphones shipped, with Samsung's share at 35% and Apple's 14%.

ABI said it expects Apple to sell a record 53 million iPhones in the fourth quarter, but that this would boost its market share only to 18.7%.

IDC's Llamas said the smartphone market is still growing at a solid pace and expects annual sales of one billion units in 2014.

The overall mobile phone market grew 5.7% from a year ago to 467.9 million units, with Samsung on top with a 24.7% market share, IDC said.


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Saturday, 26 October 2013

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Monday, 21 October 2013

Surgery to Fix, Loves Curves Figure and Hates Saggy Breasts


Chantelle Houghton says she Loves Her Curves but Hates Her Saggy Breasts as she shows off New Figure on holiday.  Chantelle Houghton looks set to follow in Josie Gibson's footsteps, after being papped on the beach showing off her curvier figure just in time for the lucrative Christmas workout DVD market.
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The former 'Celebrity Big Brother' winner - seen here on a recent holiday in Majorca - is said to have taken to comfort eating thanks to her ongoing legal battle with her ex Alex Reid over their daughter Dolly. She apparently admitted to scoffing two takeaways a day, telling friends that she is comfortable with her curvier figure, but hates her 'saggy 32E implants'.  "She's admitted having a lot on her plate with taking care of Dolly and dealing with Alex, 38," a source close to the star told Closer magazine.  "The dispute with Alex is very raw and she's told friends it's like a dark cloud hanging over her head. It makes her feel miserable."

Friends say that Chantelle is desperate to have surgery to fix her boobs - which she first had done in 2007 - but is terrified about going under the knife again.

Chantelle - who is currently a size 14 to 16 - has spoken about battling bulimia in the past, revealing that she would drink 12 litres of water a day to fill her stomach and her weight dropped to just eight stone following her split from husband Preston.

Once she reached a healthy weight again, she said of her diet: "I have tried every diet there is, from body wraps and the Special K diet to just drinking water, but I know I have to eat healthily and go to the gym, because that's the only thing that works. "I've tried everything, apart from surgery and it can make you really unhappy about yourself," she told Heat magazine.


Friday, 18 October 2013

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Wednesday, 16 October 2013

Bahrain-based Gulf & Mediterranean Insurance Companies


Standard & Poor's Rating Services has assigned its Insurer Financial Strength and Counter Party Credit Ratings to Bahrain-based Multiline Insurer Gulf  & Mediterranean Insurance & Reinsurance Co. B.S.C. (MedGulf Bahrain). The outlook is stable. At the same time, the ratings agency also assigned its Gulf Cooperation Council (GCC) regional scale rating of 'gcAAA' to the company.
      
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S&P rates MedGulf Bahrain on a consolidated basis, including its subsidiaries and affiliates (the Medgulf group). The MedGulf group enjoys a strong business risk profile and a strong financial risk profile. The agency said, “We base our view of its business risk profile on its leading insurance franchises in the Lebanon and in Saudi Arabia (KSA), as well as operation of insurance service companies, and small insurance operations in Bahrain, Jordan, and the U.K. Life Sector. We regard the industry and country risk the group is exposed to in these markets as intermediate. We also assess its competitive position as strong. We base our assessment of its financial risk profile on our view of its strong capital and earnings, intermediate risk position, and adequate financial flexibility.

Under our criteria, the group's business and financial risk profiles indicate a dual outcome anchor of 'a/a-'. We chose the higher of these based on our view that the MedGulf group has good prospects for profitable expansion, as well as improving earnings expectations in its existing main market of Saudi Arabia. Earnings are expected to generate profits which we understand will be retained to reinforce shareholders' equity. We also see the adequate enterprise risk management, satisfactory management and governance, and strong liquidity as supportive of the anchor. Thus, the final rating is 'A'.

MedGulf Bahrain is a private company with three owners:

SLH Holding, an investment vehicle for the El Zein family (60.175%);  ORIX Corp. of Japan (25.752%); and International Finance Corp., part of the World Bank group (14.073%).

Although the MedGulf group has existed for well over 30 years, MedGulf Bahrain itself was set up in May 1995 as a parent company for the rest of the MedGulf insurance group. It also acts as an operating insurance company in its own right. Following regulatory changes in KSA, it transferred the substantial book of KSA insurance it wrote on an offshore basis to an affiliate based in Riyadh, Mediterranean & Gulf Cooperative Insurance & Reinsurance Co. (MedGulf KSA). It now mainly writes business in Bahrain.”

MedGulf Bahrain fully owns the following companies:

MedGulf Lebanon, which is the leader in its local market;  Addison Bradley & Co. Ltd., an insurance risk management, reinsurance, and brokerage consultancy;  Medivisa, a service company specializing in medical claims administration; and  Motion, a service company specializing in motor claims administration.

Its service companies operate as independent profit centres and offer claims administration to the group's insurance operating companies.

In addition, MedGulf Bahrain partially controls:

MedGulf Takaful B.S.C., a Bahrain-based Sharia law-compliant composite (life and non-life) assurer which principally writes life protection and savings business (it owns 75%);  Omnilife, a small life company based and regulated in the U.K. (90.5%); and  MedGulf Jordan (56.2%).

Finally, MedGulf Bahrain has direct and indirect holdings totaling 43.5% of MedGulf KSA, which is the second-largest insurer in Saudi Arabia. MedGulf KSA principally writes medical and motor business, as well as other commercial lines.

Given the ownership position, MedGulf KSA is fully consolidated into MedGulf Bahrain's group accounts. In 2012, the KSA operation represented approximately 80% of the MedGulf group's consolidated gross premium written (GPW) of Saudi Arabian riyals (SAR) 4.1 billion ($1.1 billion) and about 60% of total assets.

S&P said, “On a consolidated basis, we regard MedGulf Bahrain's business risk profile as strong. This takes into account the group's strong competitive position in the KSA and, to a lesser extent, its leading position in the smaller Lebanon market. We expect business volumes and geographic and line-of-business diversification to improve steadily over the two-year outlook period and beyond, as management seeks to expand into new markets such as Egypt, Turkey, Iraq, United Arab Emirates, Malaysia, and Indonesia.

Although we expect the group to maintain its particular expertise in medical insurance, line-of-business diversification is likely to increase. We consider the group most likely to expand first into retail motor lines and then to steadily increase its emphasis on Sharia-compliant life business (family takaful). In this latter sector, the group can use its marketing skills to generate business across all Islamic communities, including those in Europe.

The company's strong consolidated business risk profile also incorporates what we regard as the intermediate industry and country risk of the group's operations. The group's current operations tend to be centered in markets that are well-supervised and regulated, both by local boards of directors and by effective local regulators and auditors. We do not expect the group's potential expansion into new Islamic markets to materially change our view of MedGulf's intermediate industry and country risk position.

We principally base our view of the Medgulf group's financial risk profile as strong on its similarly strong current and prospective capital and earnings. Total adjusted capital, net of intangibles and shareholder loans, stood at SAR1.3 billion at year-end 2012. In addition, comprehensive net income was SAR182.6 million (2011: SAR283.5 million). We expect these results to improve significantly during the outlook period.

Our view of the financial risk profile is supported by MedGulf Bahrain's adequate financial flexibility. Its likely need for additional cash or capital is modest and largely predictable, unless it undertakes an opportunistic acquisition. In such a case, we would expect it to arrange appropriate funding before assuming any commitment.

The stable outlook reflects our expectation that MedGulf Bahrain and its consolidated subsidiaries and associates will maintain a strong business risk profile based on continued, successful expansion within existing and new business lines and markets. At the same time, we expect the group to maintain its strong financial risk profile. The capital strain of the expected business expansion is likely to be offset by parallel growth in the capital base through the retention of earnings. This should be sufficient to maintain at least very strong capital adequacy.

We do not anticipate raising the ratings in the next two years. Similarly, we do not expect to lower the ratings, although we could if our assessment of capital and earnings declines below strong levels.


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Monday, 14 October 2013

Holiday Destinations & Value of The Indian Rupee


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The ongoing Festive Season is seeing Domestic Destinations emerge largely due to the falling value of the Indian Rupee.  Foreign Travel is set to fall at least by 15% around this time compared to last year, say travel agents. Even the few who may opt to travel overseas are likely to prefer destinations in West or far East Asia to locales in Europe and United States, the traditional favourites among the Indian elite. People are cutting down their trips abroad. Europe and the US are out of budget for most Indian travellers, says Iqbal Mulla, President of Travel Agents Association of India.

However, there has been a considerable increase in takers for Indian holiday packages to destinations in Kerala, the Northeast and North India apart from Puri and the Sunderbans, even as traditional favorites like Goa, Manali, Rajasthan and Agra continue to maintain their sway.  We are expecting over 20% hike in the number of domestic holiday package this festive season, says Mulla. Of this, about 20% bookings are for the new locales, he added.

Overall, the airline bookings at travel portals like yatra and makemytrip are expected to be 50% higher this year compared to last year, as per the recent data. Many of these bookings have been done much in advance.  Airfares have also gone up between 35-70%, depending on the sectors, this year against last year. For instance, the cheapest Delhi-Guwahati return ticket in the month of November is at 12,000 from 5,000-6,000. The cheapest one-way ticket to Kochi from Mumbai for a trip in the first week of November is about 7,000  as compared to 4,000-5,000 last year.
However, the high airfare is being offset by lower hotel prices as many properties are giving heavy discounts, says Sharat Dhall, president of online portal yatra.  There has been a steep increase in the number of hotels at most popular holiday destinations across the country. This is the reason why the hotel prices are still very competitive, adds Dhall.

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Tuesday, 8 October 2013

Nigeria's Banking

Financial Analyses for Nigerian Banking

Delivers an Eight-Point Plan to Help.


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The past decade of Banking in Nigeria has not been for the faint hearted. The combination of a large population and a large economy has driven international and domestic interest in the sector  with investors often attracted more by the market's potential than its reality.  After the 2004 bank consolidation and the rapids of the stock market bubble and crash of 2009, Nigeria's banks now find themselves in calmer and better regulated waters.  Nigeria now has 22 licensed commercial banks; 21 are fully operational, while Savannah Bank has not recommenced full banking operations since the central bank reinstated its licence to operate in February 2009 after its earlier revocation in February 2002.  The newest addition to Nigeria's commercial banking sector is Heritage Bank, which formally commenced operations on 4 March 2013. The bank is not new in the true sense of the word as it was formerly called Society General Bank of Nigeria.  It regained its operating licence in 2010, having had it revoked in 2005 after it failed to recapitalize.  Things have plainly improved. Nigerian banks are now better capitalized, with 18 of the 21 fully operational banks having tier-1 capital in excess of N25bn ($156m).

They now also have much better corporate governance practices. The competency of the professionals in the industry has greatly improved.  "Many of my friends from other sectors tell me the same thing," says TONY ELUMELU, Former Chief Executive of United Bank of Africa. "The workforce in the banks is among the most sophisticated and talented in the entire economy," he argues.  The non-performing loan ratio for the sector was less than 9% as of 31 December 2012, compared to 23% in 2004.  The level of financial inter mediation has also improved as the banks have enhanced their risk-management capabilities and intellectual know how. Many bank managers have realized that the retail market is where the potential lies.  They are aggressively strategist and carrying out their action plans to benefit from the windfall that is expected to emanate from the largely untapped retail market in Nigeria and beyond.

INCREASED RATIO
Thanks to regulatory enforcement, the banks are less reliant on public-sector deposits.  In July the industry regulator increased the cash reserve ratio from 12% to 50% on public-sector deposits for all tiers of government, including ministries, departments, agencies and companies. This new rule came into force on 7 August.  This progress came via two major reforms. The Central Bank of Nigeria (CBN) embarked on Nigeria's most ambitious reform to date in August 2004 with a 13-point plan.  The most audacious and widely discussed reform was the mandatory recapitalisation of banks to N25bn. The deadline for compliance was 31 December 2005.  This major reform led to the reduction of Nigeria's banks from 89 to 25 through mergers, acquisitions and forced closures. This enabled the 25 banks remaining at the time to reap the benefits of economies of scale.

SINKING FUND
The second reform was the new risk-based framework set up by the CBN that enabled the banking sector regulator to run stress tests for all of Nigeria's banks. The CBN ran these tests in the second half of 2009 and then sacked eight bank chief executives. The CBN deemed that the managers had mismanaged customer deposits and eroded shareholders' funds at their respective banks. This led to another round of mergers and acquisitions, which reduced the number of Nigeria's banks from 24 to 20. The CBN then created a 'bad asset' bank in 2010. The Asset Management Corporation of Nigeria (AMCON) now owns three of the eight banks that had their CEOs sacked. All of Nigeria's banks now contribute 0.5% it was initially 0.3% of their total assets at the end of every fiscal year to a sinking fund established to finance AMCON's operations.  Prior to the reform period, Nigeria's banking sector was weak, fragmented and unsound, with little regulatory activity.  Nigeria had 89 banks prior to the announcement of the mandatory recapitalisation. Most of the banks were relatively small, with few branches and many political interests and family ties driving their formation and continued existence.  Public-sector deposits were the focus of many of the banks trying to raise their deposit bases. Managers often granted loans with impunity to family, friends and business associates with little or no collateral.  Unsecured loans were the order of the day. Bank balance sheets were highly unsound in an environment of this nature. It was common for banks to use deposits belonging to the general public and the government for private interests.  Customer service and technology utilisation were weak; they existed more in pages of praise in the newspapers than in reality. Banking was largely non-responsive to the needs of its customers. But have all these bad habits now disappeared?
One problem that remains is a focus on prestige derived from size rather than quality. Nigerian banks are still raising funds domestically and internationally to fund their operations, and branch expansion is a major beneficiary of the capital generated.  To name a few, Sterling Bank, Diamond Bank and Skye Bank are currently looking for fresh capital.  First Bank is planning to launch a $300m euro bond after roadshows in the United States and United Kingdom later in 2013. The yield guidance on the bond is 8.5%, something Standard Bank's emerging markets strategist Samar Guido sees as "fairly valued".  But this demand for capital is often a result of the quest for size. The majority of banks have national, regional or international expansion plans.  Banks in Nigeria are still fixated on growing their asset base driven by territorial expansion. Skye Bank chief executive Kehinde Durosinmi-Etti  who has suggested that the bank might add to its subsidiaries in Gambia, Senegal and Guinea  says, "We must understand that capital raising for banks is a continuous thing."  Most Nigerian banks are still focused on lending to federal and state governments as well as companies in volatile sectors of the economy: oil and gas, mining, credit and financial institutions and general commerce. Other than government, these are speculative sectors of the economy.  Banks in Nigeria have been known to play to the gallery and this is still prevalent today.  The banking industry has been impervious to change except when forced to heed directives from the industry regulator, the CBN. This apathy to voluntary acceptance of best practices has reduced the pace of progress.

NETWORK OVERLOAD
Short-term fixes for perennial problems have continued unabated. For example, a lot of banking systems have been incapable of handling traffic on their networks. The banks' immediate response has been either to upgrade to a newer version of their existing software or to change their software provider.  Meanwhile, the real problem is finding software that leaves ample room for operational traffic growth. Guaranty Trust Bank and Standard Chartered Bank are moving in the right direction; both banks have increased the number of their branches significantly within the past six months without any undue pressure on their networks.  Such growth will be tested because the un-banked population in Nigeria is approximately twice the size of the banked population. The task at hand is not that daunting but definitely requires a break from the past. Nigeria's banking sector still reflects a low level of financial inter mediation when compared to other countries in Africa.  This is illustrated by the low level of Nigeria's broad money to gross domestic product ratio  which measures the currency outside of the banking system and other elements  which stood at 20% in 2012.  The low level of penetration leaves plenty of untapped potential if banks pursue the following activities. This will require the cooperation of all Nigeria's commercial banks, the industry regulator and the banking populace.

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Monday, 7 October 2013

India Build Power Plant in Sri Lanka


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INDIA, New Delhi  Monday signed an agreement to build a large power project in Sri Lanka, a move that reflects New Delhi's eagerness to counter China's growing influence in the region. India, a traditional political and economic ally of its southern neighbor, is worried about increasing Chinese investment in the island nation and this is prompting India expand its economic cooperation with Sri Lanka, according to foreign-policy experts. Under the deal, state-run Indian power producer NTPC Ltd. 532555.BY -0.25% and Sri Lanka's Ceylon Electricity Board would jointly build the 500-megawatt coal-powered plant with an investment of at least $500 million.

All the agreements, including on the purchase of power and supply of coal, have been signed, said Economic and Commercial Counselor Manish of the Indian High Commission in Colombo. The agreements were signed in the presence of India's foreign minister, Salman Khurshid, and his Sri Lankan counterpart G.L. Peiris, said Mr. Manish, who uses only one name. The proposal to build the plant had been made in 2006. But the project had been hit by disputes over several issues, including power-purchase pacts.

All the issues have now been settled, Mr. Manish said. The move to revive the project signals "awakening within the India government" of the inroads China has made in its neighborhood, Bharat Karnad of New Delhi think tank Centre for Policy Research said.  China has been working on strengthening its economic and political ties with Sri Lanka ever since it supported Colombo in its operations against Tamil guerrilla forces. China is present in Sri Lanka's infrastructure space and has built port and power projects and is looking to tap more opportunities. Bilateral trade between China and Sri Lanka totaled 2.6 billion in 2012, according to data on the website of Sri Lanka's Department of Commerce. Of this, Sri Lanka's exports to China accounted for $108 million. India's trade with Sir Lanka totaled $4.6 billion. This included $625 million of exports from Sri Lanka.

According to media reports, Sri Lanka and China are set to sign a free-trade agreement, which could further boost businesses between the countries. India is uncomfortable with the growing military and trade influence of China, with which it has long- standing border disputes. An official at India's High Commission at Colombo, however, said the deal over the power project wasn't in response "to any media-perceived threat to India from China," but was a step forward in New Delhi and Colombo's economic partnership. Sri Lanka's external affairs ministry didn't immediately respond to an email seeking comment. Monday's deal for the project gets traction also as a power project built in 2011 by a Chinese company in northwestern Sri Lanka broke down last year, leading to blackouts in the country and causing local anguish over the quality and standard of Chinese power equipment.

Meanwhile, another foreign-policy expert said China's increasing ties with Sri Lanka won't pose any immediate threat to India's interests. "The geographic proximity is a reality and Sri Lanka just can't ignore India," said Srikanth Kondapalli, a professor at New Delhi's Jawaharlal Nehru University. Monday's agreement with Sir Lanka follows another deal under which India began supplying electricity to Bangladesh starting this weekend.

Saturday, 5 October 2013

Pakistan Hands Balochistan Meddling Proof to India

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Jilani says dialogue best option to resolve Kashmir, water, terrorism, other issues  Senate body to summon PM over dividing of Foreign Ministry by Aziz, Fatemi

ISLAMABAD - Foreign Secretary Jalil Abbas Jilani on Saturday said that evidence regarding involvement of India in Balochistan unrest had been presented to New Delhi and it should move ahead for dialogue process rather than indulging in bale game.  Talking to reporters here after attending a meeting of the Senate Standing Committee on Foreign Affairs, Foreign Secretary said that Prime Minister Nawaz Sharif raised this issue with Indian Premier Manmohan Singh in their New York meeting.

Pakistan also presented the evidence of foreign hands in Balochistan violence before the relevant forum, he said, without naming the forum. We have provided the evidence to whom it was needed to be provided, he said, adding that this evidence has already been presented before the Senate of Pakistan.

The secretary said Pakistan would continue raising all the issues including Kashmir, water and terrorism with India at all forums. But, he stressed that there was dire need that all issues with India should be resolved through dialogue. There is no option other than dialogue to resolve all issues, he said, adding that Pakistan wanted negotiated settlement of all outstanding issues with India including Kashmir.

He opined the issue of terrorism could not be resolved through blame game and both countries should make efforts to get rid of it. Terrorism is as serious concern for Pakistan as that for India, he said. He urged India to come to negotiating table instead of making hue and cry and levelling baseless allegations against Pakistan. To a question, the foreign secretary said the prime minister would raise the issue of drone attacks during his upcoming meeting with US President Barack Obama and the issue would be raised at all other relevant forums as well. Pakistan considers that drone strikes are against its sovereignty and integrity, and the same sense prevailed within the UN against the drone attacks, he said. He informed UN Secretary General Ban Ki Mon had recently expressed his concern over drone attacks.

Jilani said that Pakistan freed Taliban leader Mullah Abdul Ghani Baradar to facilitate Afghanistan reconciliation and peace process. He made it clear that Baradar was not handed over to any other country after release. He said that Pakistan would support peace talks between the Afghan government and Afghan Taliban and Islamabad would continue to extend every possible support to Kabul for peace and stability in the region. Responding to another question, he said it was their desire that ties of Pakistan with Bangladesh should improve in future.

Earlier, Senate Standing Committee on Foreign Affairs Chairman Haji Adeel while chairing a meeting of the committee at Parliament House remarked PM Nawaz Sharif would be summoned in the next meeting in his official capacity for holding the charge of Minister for Foreign Affairs. He said foreign ministry had become a tug of war between PM’s Adviser on Foreign Affairs Sartaj Aziz and Special Assistant to PM on Foreign Affairs Tariq Fatemi. Foreign Office has been divided into two parts, one held by Mr Aziz and the other by Mr Fatemi, he said, adding that Pakistan’s foreign missions abroad had become inactive due to the same reason. He questioned why PM did not attend the committee meetings in his capacity as foreign minister as well as defence minister. He also said that FO could not get instructions from PM due to his unavailability.

Thursday, 3 October 2013

Now, A Psycho Thriller for Veena Malik

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Pakistani actress Veena Mallik is preparing herself for a psychological drama titled, ‘Cottage No. 9' to be directed by Navin Batra. `The story revolves around a couple who is married and one of them is schizophrenic. The relationship gets badly affected.
Batra says, ` Veena has no hang ups in frontveena-malik of the camera or off the camera unlike other actresses. She is open to doing some bold scenes in picture.`

The director is yet to decide about male lead. He is considering actors like Gurmeet Choudhary and Kay Kay Menon, but nothing has been finalised.