Professional Documents
Culture Documents
At a glance
Feast of Indian classical music
Ty Burhoe, on tabla, and
Shubhendra Rao, sitar, begin
the New Zealand leg of their
world tour with a live concert in
Auckland on Friday, November 27.
Page 6
Indira Gandhi
ties from the viral disease to 5,712 worldwide.
Fiji-Australia expulsions help no one: the Kalabu Tax Free Zone, and has the Fiji government’s investment promotion arm excited.
“Of the four that we have got confirmed, two of them are actually manufacturing compa-
nies,” said Fiji Trade and Investment Board chief executive officer Annie Rodgers.
business council “They manufacture phones and other products in the ICT area. One of them is a producer
of the LG mobile phone and Philips. So two are in manufacturing, one is in voice over internet
services, and one is in the area of back office processing.
Suva: The Australia-Fiji Business Council has certainty,” he said. “One of the companies is actually sending their Vice President. For the three others it will
called on Australia’s Government to soften its “Business cannot operate in a climate of un- be their CEOs. So we are pretty excited.”
hard-line stance against the coup-installed mili- certainty.” The Indian businessmen will meet key stakeholders in Fiji, both in Government and the
tary government in Fiji. He said what’s needed from both sides is a private sector.
The Council’s president, Brian Anderson, willingness to talk. The FTIB is hopeful that two other large ICT operators will come out of India before the
says the increasingly difficult relations between “The countries are going to have to talk to year end.
the two countries are making it harder to do busi- each other. I can understand the country expel- “Given the fact that we can get Mindpearl here to do a bigger operation than they do in
ness, and this is costing ordinary citizens jobs. ling the high commissioner in response to theirs other countries, we hope that we can achieve something like that for these companies who are
He said the latest round of diplomatic expul- being kicked out of Fiji, but I don’t think at the coming down,” said Rodgers.
sions help no one, but creates a great deal of un- end of the day it does much,” he said. “Again, it depends on our planning and how well we answer their questions, how well we
certainty. showcase Fiji, and believe me we’re going to do a good job on that front.”
“Fiji is struggling for more investment as it - Indian Weekender news desk - Pacificbusinessonline.com/ FijiLive
is, and this sort of thing only creates more un- Pacificbusinessonline.com/ Pacnews
Age between 20 to 29 30
Example of points
Relevantcalculation
work experience (say 2for
years)skills 10
migration to New
TOTAL Zealand: 160
Benefits for students:
Points
Postgraduate Diploma in Business Enterprise at
Course duration of only 18 months.
South Island, NZ 60
SIT (50 + 5 + 5 points)
Affordable. Full course fees of NZ$18,000.
Offer of skilled employment Queenstown Christchurch
50
(less than 12 months)
Work up to 20 hours a week and full time during
year-end holidays.
Bonus points for employment outsideInvercargill
Auckland 10
Age between 20 to 29 30
Spouse can work full-time.
Indian Weekender | November 13, 2009 | www.iwk.co.nz 13
Relevant work experience (say 2 years) 10
Children attend primary / secondary schools at
TOTAL 160
domestic rates (mostly free).
Part time & Full-time job placement assistance.
Indian
Indian
Letters
Making of a visionary
Firstly, thanks for India Weekender for sharing Dr. Kantis’ inspiring journey with us. Glen Innes
Branch is our family doctors – doctors and staff are very friendly, helpful and they are faithful to
their employer and to the customers. My family is happy with their services. Well Done-Best Wishes
for his family and his employees
Viewpoint Subra M Subramaniam
India’s policymakers are finally coming to terms with the idea that two can play the game. Congratulations Bharvi !! Good on you for holding on to your dream. It’s really very encouraging to
Checkmating Pakistan’s ISI, which recently tried to blow up the Indian embassy in Kabul, and see how despite so many obstacles you have not compromised and are now living your dream. Hope
is one of the leading terror exporters, is therefore, a key strategy. It is interesting that India, all goes well for you and stay safe. You definitely are an inspiration!
which has few if any citizens in Afghanistan, has four consulates there. There’s a reason for that. Fleur Cartwright
All four consulates are primarily directed at weakening Pakistan’s position in Afghanistan and
denying it the “strategic depth” it seeks. Congratulations Bharvi! Good on you. We are proud of you. Good luck with the future.
Arunesh Singh
“Afghan intelligence, the Afghan President, the Afghan Government – don’t talk of them. I
know what they do. They mislead the world. They talk against Pakistan, because they are under
Wanted:
the influence of Indian intelligence, all of them,” former Pakistan dictator Pervez Musharraf told
CNN in an interview last week.
India has slowly started encircling Pakistan. New Delhi is constructing the new Afghan Par-
liament building, new highways linking Kabul to Iran, new power projects and conducting other
Super salesperson
aid measures.
Indeed, New Delhi is no more apologetic about better security and a much stronger military.
Finally, after centuries of neglect our ancient federation is creating a military that will make
the mighty Wehrmacht look like the boy scouts in comparison. India today has the world’s third Are you someone who can sell a refrigerator to an
largest army, fourth largest air force and fourth largest navy. India also has the largest constel-
lation of spy satellites that are helping curb terrorist infiltration. Eskimo? Are you a marketing gem with a proven track
record? If you think you have what it takes to promote
All this is not about avenging Mumbai, it is sending a clear message to the world that an New Zealand’s fastest growing Indian newspaper and
Indian backlash, when and if it comes, will be devastating.
website please email your CV to:
– Rakesh Krishnan
info@indianweekender.co.nz
Indian Weekender Volume 1 No 18
Publisher: Kiwi Media Group Limited
or call 09 520 0922 or 021 221 1131
Group editor-in-chief: Dev Nadkarni dev@indianweekender.co.nz
Online editor: Arvind Kumar arvind@indianweekender.co.nz
India Correspondent: Shobha Rao shobha@indianweekender.co.nz
Chief Technical Officer: Rohan Desouza rohan@ indianweekender.co.nz
Design: Tanmay Desai desaidesign@gmail.com / www.desaign.co.nz
Advertising: Giri Gupta - Ph: 520 0922, Mob: 021 221 1131. Email - girigupta@xtra.co.nz
Would you like your copy of
Please email original editorial contributions, community notices and pictures to
editor@indianweekender.co.nz
Indian Weekender delivered to
Views expressed in the publication are not necessarily of the publisher and the publisher
is not responsible for advertisers’ claims as appearingv in the publication
your mail box?
Please send us your name, street address and phone number along
with a cheque for $30 payable to Kiwi Media Group and mail it to Unit
Indian Weekender is published by Kiwi Media Group, 98 Great South Road, New Market O, 8 Bishop Lenihan Place, East Tamaki, Manukau 2013. The amount
and printed at APN Print, Ellerslie, Auckland would cover the costs of mailing and handling 26 issues.
Copyright 2009. Kiwi Media Group. All Rights Reserved.
Health
The art of caring for your heart
Rashmi Shenoy
Indians are more prone to heart disease than many other ethnicities. The Heart Foundation is now actively
developing communication directed at this high risk group, telling them how to keep their hear in good shape.
You can’t live or love without it. Sex and laughter soul. Research has shown the guffaw can cause the
is good for it and bad news can break it. Let’s get lining of blood vessel walls called endothelium to
to the heart of the matter shall we? Over the course of a day, about 100,000 heart beats relax, increasing blood flow for up to 45 minutes
The heart has baffled humans since the dawn
of time as the blood pump is ever so complex. It is
shuttle 2,000 gallons of oxygen-rich blood many times after the laugh attack
l A study found that having an orgasm atleast
a muscle that pumps blood to all the parts of your
body. It provides your body with the oxygen and
through about 60,000 miles of branching blood vessels 3 times a week cut in half the likelihood of death
from coronary heart disease. By some estimates,
nourishment it needs to function effectively. When that link together the cells of our organs and body parts. a vigorous sex session can double a person’s heart
your blood flows through your body and returns rate and burn up about 200 calories, or the equiva-
to the heart, it follows a complicated pathway. To That’s a hefty job for a fist-sized muscle. lent of a brisk 15-minute run.
keep it simple, look after your heart. A healthy l A glass of Merlot can go straight to the heart,
heart is the most prized possession one can have and recent research shows that so too can the white
today. high saturated fat intake amongst the Indian com- lished an Indian specific resource (Good Health variety. Scientists have attributed the heart bene-
I met with Parul Dubé who works as a nutri- munity. Saturated fat is a type of fat commonly in your hands! Written in Gujarati with English fits of reds to grape skins, which are chock full of
tion adviser at the Heart foundation. She filled me found in animal products which is the main cause translation) that outlines culturally appropriate certain antioxidants. Since the purple-hued skins
in on the heart foundation’s initiative to develop for raised blood cholesterol levels increasing risk exercises (dancing/ gardening/ social sports). The get removed to make Chardonnays, many scien-
an ethnic-specific shopping guide for the various of heart and blood vessel disease. High saturated Heart Foundation recently produced the Active tists had assumed white wine probably wouldn’t
cultural groups who are at higher risk for lifestyle fat ingredients include Ghee, cream, butter and Hearts exercise DVD – to promote physical activ- do the heart any good. A lab experiment on rats
diseases. Almost every other food and shopping coconut milk which are often used to enhance ity as part of a healthy lifestyle. It is specifically showed that a grape’s pulp conceals cardio-protec-
guide available today is targeted at the European traditional Indian foods. Additionally there is designed for people who have had a heart event tive compounds that rival those found in reds. Red
population. A shopping guide was therefore devel- a higher intake of westernised takeaway foods or procedure – or who are at risk of heart disease. or white? Just follow your heart. Only don’t overdo
oped by the heart foundation for our Indian com- which can be high in total fat, saturated fat, sugar Parul’s message to Indian Weekender readers it.
munity containing culturally familiar foods that and salt. “These dietary factors are modifiable” is to firstly maintain a heart healthy eating pattern, l In under a minute, your heart can pump blood
meet the nutrient requirements within an afford- says Parul. have a heart health check regularly, know your to every cell in your body. And over the course
able budget. “Small changes in the types of foods chosen at numbers e.g. Cholesterol/ Blood Pressure/ Waist of a day, about 100,000 heart beats shuttle 2,000
The Heart Foundation is a charity organisa- the supermarket to the preparation techniques em- circumference, be active everyday and lastly if you gallons of oxygen-rich blood many times through
tion established 41 years ago with an aim to stop ployed at home can make some big improvements. smoke, seek help from your GP to quit. about 60,000 miles of branching blood vessels
New Zealanders dying prematurely from heart Combined with diet other key changes to reduce that link together the cells of our organs and body
disease. Since then heart disease death rates in your risk of cardiovascular disease include being Amazing facts about your heart parts. That’s a hefty job for a fist-sized muscle.
New Zealand have halved. Yet tragically, cardio- physically active and not smoking”. l Heart disease has been viewed as a man’s Source: http://www.livescience.com/health/
vascular disease (which includes heart disease and In order to shop wisely the heart foundation is illness. The truth is the heart disease kills women top_10_amazing_heart_facts-1.html These facts
stroke) remains the number one cause of death in designing a basic healthy shopping list that would as it does men. Women don’t tend to experience are not verified by the National Heart Foundation.
the country – accounting for 40% of all deaths an- guide the choice of foods which are culturally the Bollywood standard heart attack in which You can also visit http://www.goredforwomen.
nually. Statistics show that the rate of cardiovascu- familiar to both meet the nutrient requirements gripping chest pain sends you keeling over. Instead org.nz for more information.
lar disease amongst Indian people is high and on and provide best value for money for an Indian women report tightness, aching or pressure in the Please continue to support the Heart Founda-
the rise (Dr Geeta Gala, Public Health Medicine family of 4 members (2 adults and 2 children aged heart, other symptoms like nausea, back, left hand tion; together we will beat heart disease. For more
Registrar, Mar 08). between 8-14 yrs). or jaw pain. information on the Heart Foundation visit http://
Indians, New Zealand’s second-largest Asian The shopping list is in its developmental stage l Some people really do have bigger hearts than www.heart foundation.org.nz/
group, have more fat for their size than Europeans and should be available by early next year. “We are others. It’s not a sign of affection but a signal of un-
and Polynesians – and generally have a higher dia- hoping to have the shopping lists (downloadable derlying heart disease. If left untreated, a big heart - Rashmi Shenoy works with Hewlett Packard
betes and heart attack rate than both Pacific Island- versions) accessible to different ethnic groups on can lead to heart failure. as a services account manager and writes for
ers and Maori. the Heart Foundation website”. l A hearty laugh, the kind that sends a stream Indian Weekender in her spare time.
A major dietary factor responsible for this is a The Heart Foundation has previously pub- of tears from your eyes does more than warm the
Web inventor says sorry for slashes given the number of new titles that have been
launched in India in the last year, there is reason to
believe that business is booming.
ficult, but mag-owners need to thank the paper-
wallahs for the mediocrity that exists there. And
I don’t think it’s going to end in a hurry. Rejoice!
Sir Tim Berners-Lee, the creator of the World He admitted that when he devised the web, As various stakeholders of the trade get togeth- Web disappoints: Print magazines could’ve
Wide Web, has confessed that the // in a web almost 30 years ago, he had no idea that the er in New Delhi later this week for the fifth edition been in trouble if there were robust web avatars
address were actually “unnecessary”. forward slashes in every web address would of the Indian Magazine Congress, and while the in the business. But that’s not to be. Although the
The forward slashes at the beginning of in- cause “so much hassle”. deliberations at the event haven’t put up this ques- number of Internet users have grown, save blogs,
ternet addresses have long annoyed net users His light-hearted apology even had a green tion in the agenda, the fact remains that almost standalone online media hasn’t blossomed the way
and now the man behind them has apologised for angle as he accepted that having to add // to every everyone seems to be asking whether there is a it ought to have. The content you see today on
using them. address had wasted time, printing and paper. future for magazines. some quality sites like Rediff.com is an apology of
He told the Times newspaper last month that Sir Tim is currently director of the World A disclosure: Since ‘impact’ is part of the work what it used to be. I am sure this state of bliss won’t
he could easily have designed URLs not to have Wide Web Consortium and he is also working I do and the exchange4media Group publishes a last forever, but until then: make hay!
the forward slashes. with the UK government to help open up access slew of magazines, there is a vested interest in Television rules, but print is king: The
“There you go, it seemed like a good idea at to government data. evangelising the trade and seeing that magazines Network18 Group needn’t have stuck its neck out
the time,” he said. aren’t rubbished the way they often are. Pardon my in these recessionary times and bring in the Indian
indulgence with these five pointers… edition of ‘Forbes’, but I guess the rub-off it offers
Quality wins: One of the best ways to win a war means most positive ‘awaaz’ than half a dozen
best of Indian
the Best” for their new look and direction! that will help make your life on the world
MTV also introduced the latest & the young- wide web a whole lot simpler. Bookmark this
entertainment
from under the logo is a big sym-
bolic statement and finally closes
the loop on the repositioning exer-
cise MTV kicked off 2 years back.
$125
*
We were born of music, inspired
by music, driven by music – but
not limited by music
est addition to their row of super hot VJ’s, the show on your TV viewing schedule now! Now
sizzling VJ Rhea–from Scooty MTV Teen showing across www.mtvindia.com.
Diva 2! MTV Acting Classes premieres only on its
Says Ashish Patil, General Manager – voice portal on 5056882
MTV India & Senior Vice President – Cre- Finally, classes you wouldn’t dream of
ative & Content, “Dropping ‘Music Televi- bunking! And the best part is you don’t need
sion’ from under the logo is a big symbolic to be in front of the TV. Damn, you don’t even
statement and finally closes the loop on the need to go anywhere to attend them. For the
repositioning exercise MTV kicked off 2 first time ever, you can attend MTV’s Acting
years back. We were born of music, inspired Classes from your mobile phone! Everyday
by music, driven by music – but not limited by MTV VJs will teach, guide and test you on
music. MTV is about new ideas, new formats, various acting classes. Rate and get rated on
new ways of reaching people in the new places a different dialogue everyday or a range of
they choose to live in. MTV’s about constant emotions. Enroll today!
change and the balls to throw it all away and Nuon MTV Making the Cut premieres on
make it new and important again. MTV is TV: 8 designers. 16 models. 1 hot new reality
beyond music, beyond television.” series to hunt for the best in fashion. Judged
Backing up this massive statement is an in- by an expert panel of style gurus & celebrities
credible new graphics environment. Made of including the likes of Lara Dutta, Neil Nitin
the youth, for the youth, almost by the youth – Mukesh, Neha Dhupia, Celina Jaitley, Madhur
with elements and expressions unique to their Bhandarkar, Narendra Kumar Ahmed, Dipan-
world. Going back to basics with simple post- nita Sharma and more. Airs every Saturday
it’s, scrolls, buffering of videos, commer- @ 6pm starting Oct 17th again only on MTV.
cial breaks [pretty much how they consume Additionally, MTV is doing a series of
media], scraps, comments, RSS feeds, pop specials with the cast of ‘All the Best’ where
ups and more. Transiting MTV from having MTV’s literally giving away music & televi-
viewers to users. sion if you spot the change on-air! Enter this
Also launching are 4 new shows. Of which fun contest to win CD’s, live performances by
only 1 premieres on television! The rest are on your favorite artistes, LCD TV’s and more.
interactive media: It’s difficult to define an icon that has
The MTV RANT premieres only on defined entire generations. But the past is
mobile phones: Rant also known as Rambling no reference for the future. The ‘viewer’ is
About Nothing Today or the only opinion dying, long live the ‘user’ – the MTV expe-
that matters. Every week MTV will cherry rience now lives on multiple platforms. The
pick the raging issue of the week and break it bottom line is that MTV is about youth tar-
down, tear it apart or just simply help you look geted entertainment – in all shapes and forms.
at it for what it is. From Gary Kirsten’s ‘Sex
improves performance’ dossier to ‘Serena is - Indian Weekender news desk
The fear of fat seems to be driving the humble desi ghee from our Indian kitchen. But we have been using it for
almost 5000 years. So what’s the deal with this desi ghee?
Hope those divine Diwali sweets have been has its place in many Hindu religious rituals and
gobbled up by now. Ever wondered how many sacraments.
of them were made in ‘Desi Ghee’. Gone are the
good old days when a family elder insisted that
The purpose of this column isn’t about nutritional However a common question that is asked
is “How is Ghee with cholesterol?” Kathryn
we eat home-made-sweets because “Beta yeh advice on ghee but to present an edifying perspective Feldenkreis, in her book, ‘Ghee – A Guide to the
shudh Desi Ghee mein bana hai”. What’s the Royal Oil’, explains, ‘‘Cholesterol itself is not
deal with the ‘desipann’ in the ghee? And what’s on something that has been consumed since Vedic harmful but becomes harmful when it is partly
so ‘desi’ about ‘desi ghee’? Why is Ghee still ad- broken down or oxidised by unstable chemi-
vertised as ‘Asli’ Ghee – does that mean there is times going back over 5,000 years. cals called free radicals. Ghee, and particu-
something called ‘nakli’ ghee? larly organic ghee, has no oxidised cholesterol
‘Desi’ ghee, as we know, is ghee made in our or trans-fatty acid and is very stable at higher
home, without any adulteration, totally organic cooking temperatures.’’
and pure (hope the milk from which it’s made is or as a skin tonic. My friend from Punjab tells ghee is a qualified Ayurveda consultant. What about fat and the use of ghee in Ayurve-
that way too). ‘Desi’ means country-style-orig- me that, even today in Punjab this ‘Shudh Desi The word ghee comes from Sanskrit ‘ghrita’. da? The Mind-Body guru Deepak Chopra says
inal-traditional and doesn’t indicate anything Ghee’ is massaged into the scalp of children and A Sanskrit verse says “aayurghritam” meaning – “The fear that people have for high cholesterol
savagely Indian. So why do persevere to use the applied as a facial. The traditionalists justify this ‘Ghee is life’. It has a sacred role in Vedic Hindu is quite far off-the-mark. Because, results have
word ‘Desi’ for ghee? Is it a marketing gimmick practice by saying it’s all for the ‘chamak’ (glow) libations and anointment rituals as evinced in the shown that it is totally unfounded. Why? Dietary
or ghee-mick? Is it due to the rich flavor that in the face and for making the hair ‘resham’ Yajurveda. The old Rigveda mentions in many intake of cholesterol doesn’t control cholesterol
ghee gives to food? (smooth and bouncy). places about butter and ghee. In ancient India, levels; it’s your body’s metabolism that controls
It’s become a fashion these days to look at We associated ghee with indulgence and healing wells full of ghee were made and saved cholesterol levels. A lot of it has to do with your
any oil with suspicion of clogging our arteries. abundance but it has become the first item to for times of war, especially for those who suf- constitutional body type and genetics. We are
Everytime I see the ghee-soaked-ghee-dripping- be eliminated while moving towards a healthier fered wounds. In the Vedic culture of ancient not sure if cholesterol is damaging. It may be the
‘Maalpua’ in a sweet shop I feel sorry for the diet. In contrast, the ancient system of natural India ghee is supposed to be made only on the [peroxide] toxic by-product of fat.”
person who consumes this high fat indulgence. medicine of India – Ayurveda ascribes a number full or waxing moons, just like even today in Jo bhi ho, ‘ghee’ is still a ‘desi’ indulgence.
I wonder if there could be a ‘fat-free maalpua’. of health benefits to ghee consumption, such as many of the villages of rural Italy, Mozzarella is Even the Bollywood he-man Dharmendra paaji,
We feel guilty when we eat anything fried in oil, improved mental functioning, glowing skin and only made on the waxing or full moons. who is a brand ambassador for Pure Ghee, has ap-
what to say about when we make them in or with longevity. Ayurveda journals insist that ghee All Indian and western practitioners of Ay- parently attributed the secret behind his success
ghee. No doubt food made in ghee has a distinct contains a high percentage of ‘good fats’ that are urveda praise the medicinal properties of organic to pure ghee and milk. Don’t know if this would
flavour. But given the modern literacy on fat, is essential for our body. desi ghee. The Ayurvedic textbook ‘Charaka help stem Ghee’s obliteration from our kitchens.
ghee healthy is a topic for debate. The purpose of this column isn’t about nu- Samhita’ says “Cow ghee promotes memory, But guess what! Here’s some Desi informa-
Ghee to us is still auspicious because it’s tritional advice on ghee but to present an edify- intellect, power of digestion, semen, ojas, kapha tion - India still produces some 900,000 tons of
not something you add just to food. Like we all ing perspective on something that has been con- and fat”. ghee annually.
do Ghee has uses in temples, in the altar of our sumed since Vedic times going back over 5,000 An ancient Indian proverb states that “One
homes for the diya lamp, used for skin ailments years. Obviously the best person to consult about hundred-year-old ghee can cure anything.” Ghee
name:
email:
mobile:
Today, India is one of the most exciting emerg- US$9,000 (each SGX Nifty futures contract is
ing markets in the world. Its economy has per- valued at US$2 x index futures value). Since
formed impressively in the last few years and futures are leveraged instruments traded on
is forecast (by IMF) to grow over 5% in 2009. margin, the initial margin requirement in this
There are few markets among emerging econ- case is roughly 10% or around US$900. This
omies with the breadth of choice available in is the amount require to initiate a trade in the
India and few companies that show the kind of futures contract.
growth rates that Indian corporates have been Now since the value of the futures contract
notching up. is 2 times the index, each one point change in
On the back of the stellar performance the index represents a US$2 gain or loss in the
of these companies (and their related share futures contract. If for example the index rises
prices), we have seen marked appreciation in to 4,700 and the investor wishes to take profit,
India’s two main bourses (exchanges), namely he/she will sell that one futures contract for a
the Bombay Stock Exchange (BSE) and the US$400 gain. [US$2 x (index value at selling
National Stock Exchange (NSE). Their re- – index value at buying)]. Conversely, a de-
spective headline indices - SENSEX and S&P crease of the same 200 points in the index
CNX NIFTY - have risen around 60% year- value will result in a $400 loss to the inves-
to-date (through early November 2009). tor. For simplicity, brokerage costs (though
The S&P CNX Nifty index covers 50 minimal) are not included in this example.
stocks in 25 sectors of the economy and over Another attractive feature of futures
60 per cent of the total market capitalisation trading is the ability to short-sell (Sell first/
of the underlying bourse, the NSE. The BSE high – Buy later/low), so in essence, an ability
Sensex index on the other hand tracks 30 to profit from a declining market as well.
stocks in 12 major sectors. While futures trading has its many pro-
Nifty’s increasing edge ponents, providing a means to invest in the
According to data from the two exchanges Chart of Nifty’s performance this past year prime index of India, investors need to be
in August 2009, NSE’s market capitalisation aware of the underlying risks they potentially
stood at Rs 47,01,923, not far behind from the of listed companies since inception (about 100 was lifted in October 2008 after markets face. For a more complete understanding of
Bombay Stock Exchange’s valuation of Rs firms were listed in 1994-95). touched historic lows and foreign funds dried its risk and rewards, please consult with an
50,12,966 crore. Nifty Futures up. Short-selling of Nifty futures on SGX was experienced futures advisor.
[Market capitalisation is simply the worth Not only has the index (and underlying high in 2008 and traders decided the market
of a company in terms of its shares. To put it shares) seen stellar appreciation in recent trend there. - Sunil Khemlani
simply, if you were to buy all the outstand- times, the derivative market associated with Also, the continued appeal of dealing in StoneBridge Securities (NZ) Limited
ing shares of all the companies listed in the the Indian exchange has also seen marked im- Singapore stems from the easier disclosure Tel: 0508 874 015 Email: sunil.khemlani@
exchange, that is the amount you would have provements in volumes as well. norms there and the ability of some of the top stonebridgegroup.co.nz
to pay.] According to the Singapore Exchange Indian punters to generate returns outside of StoneBridge Group is an Australian-
Riding on superior technology and foreign (SGX), where the bulk of the S&P CNX Nifty India (without needing to move their funds owned trading house (accredited with the
institutional investors’ preference, the NSE’s India futures contracts trade, the volume of back to India). ASX and NZX exchanges) providing advisory
market capitalisation is expected to surpass Nifty contracts traded continued to outper- Capitalising on the Nifty and execution services on Foreign Exchange,
its older counterpart, the BSE, for the first form all other listed futures there, growing Investors can invest in the NIFTY index Commodities, Futures & Options, Shares &
time in history this year. This is creditable 33.6% to 9.6 million contracts in FY 2009, in a few different ways, such as index funds CFDs.
considering that NSE has been functioning ending in June. (FY2008: 7.2 million con- operated by different companies (Exchange- “This publication has been prepared on
only since 1994 compared to more than 130 tracts). This represents around 16% of overall traded funds were covered in a previous behalf of and issued by StoneBridge Securi-
years of BSE’s existence! SGX Futures and options trading volume. article), index futures, for example SGX S&P ties (NZ) Limited (“StoneBridge”). This is
According to global consultancy, Celent, What is a futures contract? CNX Nifty futures as discussed above or not an offer to deal in any financial product
the market turnover (trading volume) of NSE An agreement to buy or sell a standard through directly purchasing each individual and is not specific advice for any particu-
for 2009 is expected to be more than two quantity of an underlying instrument - such as share (totalling 50) in their exact weightage in lar investor. StoneBridge believes that any
times the turnover of the BSE. On August 7, an index or a commodity - on a specific future the Nifty index. Needless to say, the later will information or advice (including any recom-
NSE turnover in value terms was reported at date at an agreed price determined at the time prove an extremely challenging task, not to mendation) contained in this publication is
around Rs 17,650 crore versus BSE’s of about the contract is traded on the futures exchange. mention incur huge trading costs (brokerage). accurate when issued but does not warrant
Rs 5,443 crore. Nifty futures volume picked up steam on Understanding Future Trading its accuracy or reliability, and is not liable
While BSE has consolidated its position as the SGX in late 2007 when investment in Here’s an example of how it works: for the future performance of transactions
the world’s biggest bourse in terms of number India through participatory notes (PNs) was In anticipating rising stock prices, an in- or for any loss or damage arising in connec-
of listed companies, the NSE has become the banned. PNs, offshore derivative instruments, vestor buys one contract of Nifty index futures tion with this publication. A full Disclosure
world’s second fastest-growing bourse in the were mainly used by hedge funds and high (through a licensed futures broker in New Statement in accordance with the Securities
same regard. By 2008, NSE had seen a whop- net worth individuals to park their funds dis- Zealand like StoneBridge Securities) that is Markets Act 1988 is available free of charge
ping surge of about 13-times in the number creetly in stock markets. The ban, however, currently trading around 4,500 and valued at on request.”
Ingredients: Method:
• 400g- chicken (boneless chicken) • Marinate chicken pieces in 1tbs soya
• 2tbs- soya sauce sauce, salt and 1tbs cornflour. Keep it for ten
• 1tsp- sugar minutes.
• 1/2tsp- white pepper powder • Deep fry chicken in hot oil till light brown.
• ½- capsicum, cut into 1-inch pieces Heat oil in a wok, Add garlic and chopped
chilies and cook for a minute.
• 1- onion ( small, quartered, layers separated)
• Add onion and capsicum, cook for 1-2 minutes.
• 8 nos- green chillies chopped
• Add water and bring it to a boil then add sugar,
• 2tbs- cornflour
white pepper powder, salt and rest of the soya
• 6-8 cloves- garlic chopped
sauce.
• ½ cup- spring onion chopped
• Add chicken, cover and cook for 2 minutes.
• 2 cups of water • Mix rest of cornflour in water and add to it. Stir
• Salt according to taste constantly.
• 1tbs- oil and oil for frying. • Garnish with spring onions.
Travel
There’s a lot more to tippling in Singapore than the Sling
Many of us would be taking the long annual trip to India in the next few weeks – and quite a few would be passing
through Singapore. Here are tips on some great watering holes for those taking a break in the city state and looking
beyond the legendary Singapore Sling.
Many of my clients like to travel on Singapore tertain at the main bar; out in the garden, Ba- inings.com.sg) in downtown Singapore, where Singapore offers a good night life now a days”.
Airlines and have a stopover in Singapore. linese-style pavilions are set among moodily lit a bar and lounge share space with an operating - Madhup Srivastav
Almost all of them have used this airline for waterfalls and reflecting pools. Service can be post office.
years and have had one or more than one stop- slow, but strong cocktails and the stirring décor During the day, KPO is a sleek cafe, but after
over in Singapore, so I do not have to sell either are distraction enough. dark, it fills with down-tempo beats and a mix
the airline or the place, and I take it for granted A more recent addition to Dempsey is the of locals and tourists. A second floor also opens
that these guys know everything about the city White Rabbit (39C Harding Road; 65-6473- up at night, with a lovely open-air balcony where
that is Singapore. 9965; www.thewhiterabbit.com.sg), where a bar stools are arrayed to overlook the
Recently, my take-it-easy attitude was chal- young and well-heeled crowd competes for atten- whizzing traffic below.
lenged when a repeat client asked me about bars tion with the space itself: a charmingly restored My client says:
in Singapore. Boy, I thought, I had no clue. Well, chapel, complete with stained-glass windows, “while in Singapore on a
I did a bit of research and suggested him a few. which houses a bustling restaurant and lounge business trip or leisure,
He is back and happily gave me his feedback leading out to a garden bar. visit one of these bars
about some of them. I think it is a good idea to This is co-owned by Mr Wee, who opened and have a good time.
write about it for the benefit of Indian Weekend- another bar: the beach bar. Opened in May on the
er readers. resort island of Sentosa, just off the city’s coast,
In Singapore, a new generation of bars and the Shack (120 Tanjong Beach Walk, Sentosa;
clubs has emerged. Of late, Dempsey Hill neigh- 65-6278-9934; www.theshack.com.sg) the bar
bourhood has emerged as happening place in resides within an old shipping container and beer
Singapore with a thriving night life. barrels have been recycled as tables.
Where army barracks once stood surrounded In the residential area of Mount Emily, look
by tropical jungle, bars and restaurants have been for an elegant, sprawling colonial mansion with
sprouting at a breakneck pace. The atmosphere a terrace out front. This is Wild Oats (11 Upper
is laidback with alfresco settings, and it is just a Wilkie Rd; 65-6336-5413; www.wildrocket.com.
few miles from downtown. Richard Goh opened sg). While the drinks selection is rather stan-
Oosh Bar and Lounge in 2006 (22 Dempsey Rd dard, there is an ambitious menu of bar food (the
(65-6475-0002; www.oosh.com.sg) on almost owner, Willin Low, is also the chef at the nearby
100,000 sq ft of lush green property. Wild Rocket restaurant).
Indeed, Oosh may evoke memories of your The most unlikely setting of all may be at
last tropical getaway. Live musicians often en- KPO (1 Killiney Rd; 65-6733-3648; www.imag-
Riya’s new
stunning
persona
The petite and charming Riya Sen is
looking more ravishing than ever these
days. The reason- Riya has lost oodles
of weight and is sporting an all-new
look. Recently, Riya was the cynosure
of all eyes at Subhash Ghai’s party
where she entered late and ended up
receiving a galore of compliments
from those present.
Indian
32 Indian Weekender | November 13, 2009 | www.iwk.co.nz