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Traveller's cheques were originally invented by Gujarati businessmen
Report dated 12/01/2014 @ 11:43 AM
According to historian Achyut Yagnik, even before the British era, businessmen in Gujarat were money changers or lenders and since Cambay was an important port, the merchants accepted the network of 'hundi' transaction for its safety, whereby the issuer received the accounts plus a commission. From the Solanki to Chalukya dynasties, to Mughal rule and the British Raj, 'hundis' were prevalent and used by everyone including the Emperor Shah Jahan.
It was the Gujaratis who introduced the British to 'hundis' which they morphed into the traveller's cheque with the first issued in January 1772 by the London Credit Exchange Company.
Even so, in Gujarat the 'hundi' lives on unabated alongside the adapted version, the traveller's cheque.
10 high profile VIPs decide to align with Kejriwal and AAP
Report dated 11/01/2014 @ 2:28 PM
To say Arvind Kejriwal and his AAP are on a roll is putting it mildly. To add to the myriads of plaudits, 10 influential VIPs have decided to align with the new AAP.
Founder of Air Deccan, airlines Captain Gopinath, 62, who made his first foray into politics in 2009 is said to be impressed by the AAP's anti-corruption stand, and has joined the Party.
Danseuse, actor and social activist Mallika Sarabhai, 60, a bitter critic of Gujarat CM and the BJP's prime ministerial candidate Narendra Modi, has joined the AAP. She is the daughter of scientist Vikram Sarabhai and classical dance exponent Mrinalini Sarabhai.
Senior editor and TV personality Ashutosh, 47, quit his job at IBN7 to join the AAP saying these are historic times and everyone must contribute to make the change robust and beautiful.
Meera Sanyal, 52, former chairperson and CEO of Royal Bank of Scotland, India, is now associated with the AAP and has campaigned for them for the Delhi and Greater Kailash seats.
Sameer Nair, 49, former NDTV and STAR TV CEO, joined the AAP to offer his expertise any way possible, to bring a change in the society.
V Balakrishnan, 48, who stepped down as a board member of Infosys wants to be a part of the change and revolution and believes the impact of AAP will really be felt in the 2014 parliamentary elections.
Kanubhai Kalsaria, 60, a former BJP MLA who parted ways with the party in the 2012 elections, is now an AAP believer.
Alka Lamba, 38, broke her long association with Congress and joined the AAP in December. In 2002 she was appointed as general secretary of the All India Mahila Congress.
HS Phoolka, 58, a Senior Supreme Court advocate who worked closely with the Shiromani Akali Dal controlled Shiromani Gurdwara Parbandhak Committee has chosen to join the AAP instead of the Akali Dal.
Adarsh Shastri, 40, the grandson of former PM Lal Bahadur Shastri and son of Congress leader Anil Shastri left his job as the sales head of Apple Inc to join the AAP.
The new challenge - 44% voters in metros will vote for AAP !
Report dated 11/01/2014 @ 2:20 PM
Research has revealed that of voters in India's biggest metropolises, namely Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Pune and Ahmedabad, 44 percent confirm that they will vote for the Aam Aadmi Party in the 2014 Lok Sabha elections. However a majority still see Narendra Modi as a better PM prospect than Arvind Kejriwal.
When it came to prime ministerial preferences, 58% chose Modi, 25% chose Kehriwal even though he is not in the running, and just 14% chose Rahul Gandhi.
AAP wins again as thousands call anti-corruption helpline
Report dated 10/01/2014 @ 2:18 PM
Just a day after announcing an anti-corruption helpline in Delhi, some 4000 calls were received.
More than 800 calls were attended and 38 people have agreed to set up stings against the corrupt, as a four-digit number to access the helpline will come into effect right away.
Speaking about the success of the helpline, Chief Minister Kejriwal said the government needs three times the current workforce to man the helpline, even as they have made sure no corrupt officer can get in touch with those at the call centre, to make sure the process remains transparent.
10,000 more medical college seats soon
Report dated 10/01/2014 @ 2:14 PM
The Cabinet Committee on Economic Affairs has approved the heath ministry's proposal to increase the number of MBBS seats in the country by 10,000 by upgrading existing state and central government medical colleges.
The increase in seats will result in a total cost of Rs.10,000 crore with a proposed central assistance share of Rs.6500 crore and state/union territory share of Rs.2500 crore.