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New York Indian art sale breaks records, nets $6.7 million
Report dated 22/03/2013 @ 3:07 PM
The recent New York sale of Indian art broke four artist's records with a net sale of $6.7 million.
On the block was the collection of Amrita Jhaveri, a reputed gallerist and art advisor who shuttles between London and Mumbai and who is the daughter of a wealthy Gujarati family. She started her collection in the 1990s which has grown substantially over the years. Jhaveri decided to part with some of her pieces to buy new works.
The highlight of the sale at Sotheby's auction house was abstractionist V S Gaitonde's work in bright red that fetched $965,000. Records were also set by KG Subramanyan whose works sold for $185,000; Anant Joshi whose mixed media piece fetched $60,000; Ranbir Singh Kaleka whose untitled work achieved $32,599 and Rina Banerjee's work that brought in $27,500.
The New York auction was the first international evening sale of Indian art as well as the first single-owner sale in the category since an earlier auction in 2000.
Italy relents, marines will return to India for trial
Report dated 22/03/2013 @ 3:04 PM
Italy has announced that the two naval guards on trial for the murder of two Kerala fishermen, will return to India forthwith, after earlier saying they would remain in Italy as India does not have jurisdiction in the case.
The Italian government said it has received ample assurances from India on the treatment that the naval guards will receive and the defence of their fundamental rights. The government decided to keep to the commitment made when the two men were granted leave to take part in the elections to return to India by March 22. The guards Massimiliano Latorre and Salvatore Girone agreed to the decision.
Gang nabbed at Mumbai airport for robbing passengers at airports
Report dated 21/03/2013 @ 7:35 PM
A gang of three men wanted for theft at various airports in the country, was caught by security officials at Mumbai Airport, after a recent complaint by a passenger set the Central Industrial Security Force (CISF) on their trail. The trio were nabbed before they were to board a flight to Ahmedabad.
The complainant told officers he was carrying Rs.1 lakh in his hand baggage, but thought he had misplaced the packet at the security hold. When they checked the CCTV footage they found the trio had surrounded the passenger's baggage trolley and while he was checking in they stole the money. The thieves were identified from the footage.
They would allegedly take flights just to rob other passengers en route. They have confessed to at last seven thefts at various airports in the last five years.
Their claims have been verified and police believe they have been operating for at least 10 years.
New Act to make it harder for NRIs to get US H-1B visa
Report dated 21/03/2013 @ 7:32 PM
Senator Chuck Grassley a member of the Senate Judiciary Committee has introduced a legislation that is aimed at eliminating fraud and abuse of the H-1B visa programme, that could make it harder for Indian Americans to get the popular work visa.
The H1-B and L-1 Visa Reform Act of 2013 ensures that an H-1B application filed by an employer that employ 50 or more workers will not be accepted unless the employer attests that less than 50 percent of the employer's workforce are H-1B and L visa holders.
The legislation also contains reforms to increase enforcement, modify wage requirements and ensure protection for visa holders and American workers. It will benefit the American worker, while still ensuring that US companies get the specialised workers they need.
The Bill also permits labor and homeland security departments to conduct random audits and share information with the USCIS. Fines for rule breakers have also been increased and will restrict the ability of abusers to participate in future recruiting.
Similar adjustments have been made for L visa holders.
Bahrain Crown Prince praises Kerala NRIs
Report dated 20/03/2013 @ 2:55 PM
Speaking at a reception in Cochin, Kerala, Bahrain Crown Prince and First Deputy Prime Minister Sheikh Salman bin Hamad Al Khalifa noted that people from Kerala were playing an important role among Indians in the development of Bahrain, and stated that reforms in the labour sector would be implemented to improve the working conditions of expatriates, especially Indians who constitute over 30 percent of the country's population.
The Crown prince who was on a two-day visit to India told of Bahrain's readiness to make major investments in Kerala. He also offered support to the Global Organisation of People of Indian Origin (GOPIO).
Federal ministers, State ministers and prominent Gulf-based businessmen also attended the reception.