Monday, September 10, 2012

India cartoonist Aseem Trivedi's arrest sparks outrage




Cannot play media. You do not have the correct version of the flash player. Download the correct version
Protesters outside court chanted: "He is not Aseem but he is a storm, he is the nation's another Gandhi"

The arrest of an Indian anti-corruption cartoonist on sedition charges has sparked widespread criticism.
Aseem Trivedi appeared in court in Mumbai and was remanded in custody until 24 September for cartoons allegedly mocking the constitution.
Mr Trivedi is demanding the charges be dropped. Many Indians see his arrest as an attack on freedom of expression.
The cartoonist has been participating in the anti-corruption movement led by campaigner Anna Hazare.
"As of now we demand sedition charges are dropped against him," Mr Trivedi's lawyer, Vijay Hiremath, said after Monday's court hearing, AFP news agency reports.
"Obviously they don't have a case so they should have dropped it instead of giving him judicial custody."

“Start Quote

Have Indians become more intolerant? On the face of it, yes”
Mr Trivedi was arrested on Saturday for a series of cartoons lampooning politicians. He refused to apply for bail at Monday's hearing, and said if telling the truth made him a traitor then he was happy to be described as one.
In one of his cartoons the customary three lions in India's national emblem are replaced with three wolves, their teeth dripping blood, with the message "Long live corruption" written underneath.
Another cartoon depicts the Indian parliament as a giant toilet bowl.
Government officials say that while they are in favour of free speech, there is a thin line between that and insulting national symbols, the BBC's Sanjoy Majumder in Delhi reports.
But Indians have condemned Mr Trivedi's arrest, calling it a "wrongful act". Protesters on social networking sites said it was shameful that corrupt politicians were being let off while those who highlighted corruption were being jailed.
"From the information I have gathered, the cartoonist did nothing illegal and, in fact, arresting him was an illegal act," the chairman of the Press Council of India, Markandey Katju, told The Hindu newspaper.
Cannot play media. You do not have the correct version of the flash player. Download the correct version
"A wrongful arrest is a serious crime under the Indian Penal Code, and it is those who arrested him who should be arrested."
Mr Katju, a former Supreme Court judge, asked how drawing a cartoon could be considered a crime, and said politicians should learn to accept criticism.
"Either the allegation is true, in which case you deserve it; or it is false, in which case you ignore it. This kind of behaviour is not acceptable in a democracy," he said.
The editor of CNN-IBN news channel, Rajdeep Sardesai, said he found it "amusing but also very dangerous that you can get away with hate speech in this country, but parody and political satire leads to immediate arrest".
A former senior police officer and lawyer YP Singh told the Mint newspaper that from "what I have heard, it seems he [Mr Trivedi] can be booked at the most under a law to prevent insults to national honour and not on serious charges like sedition, which attract much harsher punishment".
If proved, a sedition charge can bring a three-year prison term in India.
Police detained him on Saturday after receiving a complaint from a Mumbai-based lawyer who said his cartoons were anti-India.
The arrest of Mr Trivedi comes after other recent controversy over cartoons in India.
In April, police arrested a professor in the eastern city of Calcutta for allegedly posting cartoons ridiculing West Bengal Chief Minister Mamata Banerjee on the internet. He was later released.
A month later, a row over a cartoon showing Dalit icon BR Ambedkar in a school textbook disrupted the Indian parliament.

Underground Brings Drama to Julian Assange's Teenage Hacker Days | Underwire | Wired.com

Underground Brings Drama to Julian Assange's Teenage Hacker Days | Underwire | Wired.com

Jordan Raskopoulos, Alex Williams, and Callan McAuliffe (from left to right) play young hackers Trax, Julian Assange, and Prime Suspect in the new Australian film Underground, which is premiering Saturday at the Toronto International Film Festival.
Photo: John Tsiavis

Long before Julian Assange was known as the founder of WikiLeaks, he was a teenage hacktivist known by the handle Mendax. The new film Underground looks to expose that side of Assange, even as the media attention around the founder continues to reach epic proportions.
Underground, which premieres Saturday at the Toronto International Film Festival and will air on Australia’s Network Ten later this year, is a study in how Assange became Assange. Based on Suelette Dreyfus’ 1997 book of same name, the film traces how a Melbourne teenager became a member of the hacker group International Subversives in the late 1980s and first appeared on the radar of authorities all over the world.
“There was this joke when we were working on the script that our story was like a origin story of a superhero in a way that the hero realizes that they have superpowers, but have yet to realize they can save the world with them,” director Robert Connolly, who also wrote the script, told Wired. “We were looking at the idea that here was a young man who was incredibly gifted. Where and why did he transition into a man who devoted his life to WikiLeaks?”

‘We were looking at the idea that here was a young man who was incredibly gifted. Where and why did he transition into a man who devoted his life to WikiLeaks?’
— director Robert Connolly
The film, which stars Without a Trace’s Anthony LaPaglia as a detective investigating Assange and newcomer Alex Williams as the man himself, is coming at just the right moment in time. The WikiLeaks founder is currently holed up in Ecuador’s embassy in London, trying to avoid extradition to Sweden, where he faces questioning over alleged sex crimes and fears he will be sent to the United States, where he could face charges over WikiLeaks’s publication of classified U.S. diplomatic cables.
His life as an international data-dumper has been chronicled in more than a few documentaries and TV specials. At least one more from Oscar-winning director Alex Gibney could be coming, and both Dreamworks and producers Barry Josephson and Michelle Krumm are hustling to adapt books about Assange.
Connolly’s is the first narrative drama about Assange to hit the big screen.
“I think there’s a lot of people talking and projects in development and a lot of books optioned, [but] it’s exciting to be the first dramatic exploration of the man,” Connolly said from Toronto.
The chance to take liberties with Assange’s story — Dreyfus consulted on the script, but the WikiLeaks founder was never involved — gave Connolly some freedom. But although he could hypothesize about what happened between the hacker and his International Subversives brethren, “the young Julian Assange did not steal anything when he was hacking,” Connolly said, “I can’t change that.”
Underground delves deep into the influences that would lead the young hacker to eventually found Wikileaks, and explores the life of a man chased by authorities even before he was out of his teens. One of those things is his relationship with his mother Christine Assange (played by Six Feet Under’s Rachel Griffiths), who saw his brilliance and bought him a Commodore 64 and, in the film, goes to great lengths to protect her son. The other was the time period in which he grew up and became politically aware — after the fall of the Berlin Wall, on the verge of the first Gulf War, and before anyone knew the term “dot-com.”
To play the teenage Assange, Connolly had to find an actor from a generation that doesn’t remember the time before the Web. Williams, who plays the young hacker, was born a year after the events in film. The Perth native was discovered by Connolly’s wife and casting director Jane Norris, who picked him from the recent graduates of the West Australian Academy of Performing Arts. Considering Williams’ similarities to Assange, it might seem that he was lucky to look the way he did when he did, according to Connolly, “[my wife] said, ‘He’s not lucky, we’re lucky to have found him.’”
Although the actor studied quite a bit of video of his fellow countryman Assange to nail his character, he didn’t go too far and kept in mind the Assange of today is probably not so much like his teenage counterpart. He did, however, have to learn what a Commodore 64 is and how to operate it.
“I had never seen one of those before in my life!” Williams told Wired. “Here’s me sitting on my iPhone and you go back and you see the evolution of it and where it all comes from and the people who were pioneers in creating hacking and programming and its such a cool culture.”
Williams is also in the position of being the first actor to portray the WikiLeaks founder – if you don’t count Bill Hader’s imitations of him on Saturday Night Live. Regardless of what happens with Assange’s extradition, he’s still a lightning-rod figure. Is Williams worried about being typecast as an online whistleblower forever? Not really.
“To me it’s just a great character, whether he’s in the press or not,” Williams said. “I’m not too worried about being labeled, or being hunted by the U.S.”
Underground premieres at the Toronto International Film Festival on Saturday.

Tuesday, September 4, 2012

Life is very strange!

Dear Love


Life is very strange!

We wish to earn loads of money, but we have the best of times only when we have just 10 bucks in our pocket.
We wish to wear high brands but we feel most comfortable in simple clothes.
We wish to sit in a five star hotel with the elite people but we enjoy the roadside vendor’s food with friends.
We wish to own big cars and go on long drives, yet we talk our heart out only while walking down the long road.
We have 64 gb ipods filled with songs, but sometimes a song on the radio brings a smile that cannot be compared.
Life is simple, but we make it complex!

Wishing you the joys of life's strange and simple ways!!!!!!!

Monday, August 20, 2012

Can I Evade ScanSafe Anywhere+ ?

Dragos Lungu Dot Com | Can I Evade ScanSafe Anywhere+ ?

Can I Evade ScanSafe Anywhere+ ?

scansafe anywhere plus

ScanSafe just launched Anywhere+, a very cool web security service which is intended to provide web content security for roaming users.

Well, securing the laptops used by sales or marketing staff  *outside of the company’s premises* has always been a pain in the behind :) and I’m afraid this will not change overnight.

However, I find ScanSafe’s approach interesting and it might just work this time… but how does it work? Is it a proxy setting? Is it a VPN connection? Is it a browser plugin? I don’t know so I had to find out. I applied for a trial account and I hope I will get to the bottom of this issue soon.

Sure, the marketing presentation looks nice:

And so does the explanatory text:

  • Authenticates and directs your external client Web traffic to our scanning infrastructure. 
  • Numerous datacenters are located all over the world from Sydney to San Francisco ensuring that your employees are never too far from our in-the-cloud scanning services.
  • SSL-encryption of all Web traffic flowing to us improves security over public networks

So, I’m guessing that Anywhere+ alters the browser itself and no matter how you get on Internet, the web requests will be redirected to ScanSafe’s data centers where the response is checked for web malware.

This raises a few questions on the adoption of this technology:

  • User’s online privacy could be questioned – Lots of authentication pages don’t use SSL
  • If this technology is browser dependant (my money is on Internet Explorer), what would prevent a smart a$ user to use a different browser such as portable apps

I wish ScanSafe Anywhere+ best of luck because the service is much needed and it’s distributed architecture looks promising.  And guys, please don’t forget my application for a trial version :)

UPDATE:

I got an email from Spencer Parker, Director of Product Management at ScanSafe and here are some clarifications:

1. The software works at the protocol level, not application level. This means it works with any application that uses the HTTP or HTTPS protocols. This means if users go ahead and install another browser to bypass corporate proxy settings (which a lot do!) then the Anywhere+ driver still redirects the protocols correctly to the closest ScanSafe scanning tower.

2. We use an SSL tunnel to get all HTTP and HTTPS traffic to the scanning tower. It does this to add an extra level of security to the application (stop people sniffing your traffic at wireless hotspots etc) and for other reasons as well.

I’m still waiting for my trial account :)

Tuesday, August 14, 2012

India 'surprised' by influx of Pakistani Hindus

India 'surprised' by influx of Pakistani Hindus - The Times of India

NEW DELHI: India has been taken by surprise by the recent development of a large number of Pakistani Hindus declaring their wish to stay on its soil after crossing over and will look into the issue. Government sources said today that Hindus from Pakistan who are visiting India for pilgrimage were given visas like any other Pakistani nationals, and the developments that followed were somewhat unexpected. "This comes unexpectedly that such a large number say they do not want to return," the sources said. "In terms of the people turning up, there has been an element of surprise for all of us. Last year too we had visitors, but there was no influx, apart from one particular case". They said the families, who had communicated their desire to stay through the media, were yet to approach the Indian government officially, and once they do, the issue and its implications would be looked into. Commenting on India's overall refugee policy, the sources said by and large India does not send back people fleeing persecution but deals on a case by case basis. "At the same time, we try not to become a magnate," said sources, pointing out that India is currently also dealing with the issue of Rohingyas from Myanmar, a dispute it is not party to. A large number of Pakistani Hindu families have crossed over into India in recent days, and Pakistani Interior Minister had alleged that he suspected a "conspiracy" in the giving of visas to a large number of people.

After-relief disasters Calamity funding needs accountability

The Tribune, Chandigarh, India - Opinions

After-relief disasters
Calamity funding needs accountability

When disasters of the magnitude of Bhuj (earthquake) and Leh (cloudburst) strike, the entire nation is jolted. There is a unanimous — and genuine — outpouring of grief; floodgates of relief money are opened, including massive amounts of private charity. Unfortunately, in this world of fast-developing events, tragedies are forgotten just as fast. That is how one would see what a parliamentary panel has pointed out — hundreds of crores of rupees sanctioned under the MPLADS funds for relief have not been utilised, or no one knows what stage the relief works are at. On Leh, for example, the panel was able to get the status report for only three of the various works sanctioned for more than Rs 900 crore.

The House panel concerned itself more with the money released under the MPLADS, but the observations are equally reflective of what happens with other — and bigger — relief grants that come from the Centre following disasters that are declared a national calamity. The Bihar flood relief scam of 2004 was a prime example of how hundreds of crores can be almost entirely siphoned off without spending anything on the victims. The chaos of a post-disaster situation provides ideal conditions for the inefficient as well as the corrupt to cover their tracks. The emergency allows funds to be sanctioned without a thorough study of the requirement. Thereafter, relief plans are again formulated without much thought. For the money directly handed out to the people there is little proof of receipt.

To prevent such bungling, or sheer theft, specific mechanisms need to be developed. As the sums are large, accounting should not be left just to the channels that utilise or distribute it in the state. These cannot be relied upon as they are overburdened with relief work that is added to the routine functioning, and also because they themselves are to produce proof of utilisation. Separate nodal officials should be appointed for any such funds, who should be held accountable for the money that passes through them. The red tape may hinder work, but it is better than money being wasted without giving relief.

Good, but not good enough Think big for next Olympics

Good, but not good enough
Think big for next Olympics

At the just-concluded Olympics India’s performance was beyond expectations. But expectations were quite modest: just five medals. After three medals at the 2008 Beijing Olympics, India scripted history at London by getting six. Wrestler Sushil Kumar became the first Indian to win back-to-back individual medals. Vijay Kumar did India proud by getting the second silver after Sushil. So did the formidable foursome – Gagan Narang, M.C. Mary Kom, Yogeshwar Dutt and Saina Nehwal. However, by ending at the bottom, Indian hockey has shamed us all.

Many of our Olympians are from humble backgrounds. Their strength lies in the fact that they did not just beat powerful opponents but also systemic challenges back home. Making it to the Olympics is a feat in itself in India since hurdles – politicking, lack of financial support, poor training and inadequate infrastructure – are daunting and test players’ patience at every step. They have to compete sometimes with rivals enjoying world-class facilities. In India, pockets of excellence are emerging. Haryana has developed a wrestling culture. Punjab and Himachal produce sharp-shooters. Archery finds support in West Bengal and badminton flourishes in Hyderabad. Boxer Mary Kom from Manipur has come up despite odds.

It is also time to pause and think. A country of a billion-plus people could not win a single gold. India’s rank at 55th in the medals tally (compared to 50th at Beijing) is disappointing, rather pathetic. It is below North Korea, Uganda, Tunisia and Grenada. Why India can’t produce a Bolt or a Phelps deserves a thought. How Britain and China have so vastly improved their medals haul in such a short time needs to be studied. What holds back Indians? A Vijay Kumar here has to ask for a promotion because he knows once the spotlight shifts, no one would bother. One-time rewards are not enough; sportspersons require life-time financial security. India needs to create a sports-friendly environment. Schools and colleges, villages and towns, governments and corporates should promote sports in such a big way that parents no longer have to tell their children: there is no future in sports.

The Tribune, Chandigarh, India - Opinions

 

Road to Myanmar and beyond



by Roshni Johar

This
is not about “Burmah Road”, an old 1962 Hindi movie, but the route to Burma (Brahmadesh), once part of Britain’s Indian empire, now Myanmar. Manipur borders Myanmar.

Long ago, it was a must-do for every VIP visiting Manipur’s capital, Imphal, to drive 110 km to go across the border to visit Tamu, a small village that lay in Myanmar, literally to shop till one dropped.

No one cared for Moreh, a small nondescript village in dense jungles, 5 km ahead of Tamu that lay on the Indian side of the Indo-Burma border. It was tiny Tamu which was the most sought-after destination. It had three shops, two being manned by enterprising Sardarjis.

The star attraction of Tamu was shopping where one loosened purse-strings over Japanese goods like nylon saris, crockery, cosmetics, mechanical toys, etc — the kind of things that were not manufactured in India in those days and were dirt cheap.

But most appealing was Japanese folding umbrellas with multi-locking systems. Their thick handles had powder compacts, lipsticks or torches concealed in them, being priced at Rs 10 each. Burmese hand-painted parasols with bamboo spokes were sold at mere Rs 5.

Tamu scored over the state’s placid Loktak lake and renowned Manipur’s Ras Lila / Thoibi Khamba dances.

Near Moreh was a bridge from which dangled a small board with “Burma” painted on it. We drove over it to reach Tamu. Today, one finds a board at Moreh’s this very bridge reading “Welcome to India — Myanmar Friendship Road”, installed by the Border Roads Organisation.

Moreh, where NH 39 ends, has become India’s gateway to South-East Asia. Now a trade hub and drug den, Moreh literally stands for “Millions Of Rupees Enter Here”. It has a remarkable transition as its isolation from a hamlet to a town has virtually ended due to its liberal open border trade practice.

Undeniably, over the years, the scenario has sea-changed. In pursuance of the government’s Look East Policy, a quiet transformation is happening between India’s Northeast and Myanmar, which will ultimately boost international connectivity, trade and geopolitics throughout Asia. Since ages, India has been at the centre of Asia’s most vital trade routes (the Silk Route). Its commanding position at the heart of South-East Asia is enviable.

Now, imagine a highway between once-sleepy Moreh and Myanmar-Thai border. Perhaps driving to Thailand could even become a reality. A bus service between Imphal and Mandalay in Myanmar is also mooted.

In a 20-year dream project, Indian Railways is a signatory to the Trans-Asian Railway Network that will connect 28 countries — India, China, Myanmar, Thailand, Mongolia, Pakistan, Iraq, Iran, Syria, Turkey, Russia, Vietnam, Cambodia, Bulgaria, Sri Lanka, Bangladesh, Nepal, etc. Work on the Trans-Asia Railways (which aims to connect Istanbul to Hanoi) is now underway near Imphal.

Monday, August 13, 2012

'Pakistan-linked' attack on Kabul foiled: officials

'Pakistan-linked' attack on Kabul foiled: officials - The Times of India

KABUL: Afghan and NATO forces foiled a series of suicide attacks on Kabul planned for Sunday when they captured five insurgents allegedly linked to militants in Pakistan, officials said. The group was "finalizing plans for an attack in the capital" and a large cache of explosives, suicide vest parts, weapons and ammunition were seized in the overnight operation, NATO's International Security Assistance Force said.
The "sophisticated suicide attacks" would have targeted the Afghan parliament and the residence of Second Vice President Mohammad Karim Khalili, Afghanistan's intelligence agency said. One of the five was a Pakistani national and the group was in possession of Afghan army uniforms and Pakistani identity documents, currency and cellphone numbers, the National Directorate for Security said. "The evidence indicates they had connections with the terrorists beyond the border with Pakistan," the agency said. Afghanistan accuses Pakistan of harbouring Taliban Islamist insurgents fighting to overthrow the Western-backed government of President Hamid Karzai. Earlier this month, Afghan officials said five insurgents planning a major attack on an area of Kabul home to Western embassies were killed in a pre-dawn gunbattle in the capital.

Egypt president sweeps out army rulers

Egypt president sweeps out army rulers - The Times of India

CAIRO: Egyptian President Mohammed Morsi has driven back the biggest challenge to civilian rule by dismissing top generals and tearing up their legal attempt to curb his power in a bold bid to end 60 years of military leadership. Taking the country by surprise, Morsi pushed Field Marshal Hussein Tantawi into retirement.
The 76-year-old figurehead of the old order had taken charge of the biggest Arab nation when Hosni Mubarak fell last year and remained head of its ad hoc military council after the Islamist was elected in June. Yet on Monday, the armed forces, which had supplied Egypt's presidents for six decades after ousting the monarchy, showed no sign of challenging the move announced late on the previous day; lower-ranking generals and other officers may support a change which shifts power in the military to a new generation. One analyst spoke of a "civilian counter-coup" coordinated with an internal putsch by more junior figures inside the army. State media cited a military source dismissing talk of any "negative reactions" to a decision which hands Morsi, in the absence of parliament, sweeping control over the country.

Morsi and his long-suppressed Muslim Brotherhood had been expected to roll back the influence of the army, a close ally of Washington and recipient of $1.3 billion in annual military aid; but many had predicted a process that would take years of delicate diplomacy to avoid sparking a military backlash.

British man clicks himself raping minor, jailed - The Times of India

British man clicks himself raping minor, jailed - The Times of India

LONDON: A man in Britain has been sentenced to nine years in prison after being found guilty of raping a seven-year-old girl and taking photographs of his act. Policemen quizzed James Felton, 34, of Lancashire, after they were approached by school teachers worried about the child's behaviour, The Sun reported. He is said to have acted in "a moment of madness".

Felton denied any wrongdoing but the officers recovered two images of the rape on his mobile. There were also porn pictures and a video clip of an animated character with a child's face having sex with two people. Janet Ironfield, defending, told Preston Crown Court that the rape was "opportunistic and impulsive". Felton claimed he was not sexually interested in children but admitted rape.

Smuggled semen makes prisoner dad - The Times of India

Smuggled semen makes prisoner dad - The Times of India

RAMALLAH: A Palestinian prisoner's wife on Monday delivered a baby conceived through artificial insemination after the father's semen was smuggled out from his Israeli prison.

The baby was born in a hospital in the West Bank city of Nablus and doctors said the process was unprecedented, Xinhua reported. "The operation and the birth succeeded and the mother and the baby are in good health," said Salem Abu Khaizaran, a doctor at the birth centre. The prisoner, Ammar Al-Zabn, tried three times to have children via artificial fertilisation over the past four weeks. But his attempts failed for several reasons, he said. The couple had a daughter before the man was arrested. "I'm very happy at having a son who would take care of me and his sister in the future," said the mother.

Ziad Abu Ein, deputy minister of prisoners' affairs of the Palestinian national authority, said Israel must allow Palestinian prisoners to have sex with their wives.

London to New York in an hour? Key test today - The Times of India

London to New York in an hour? Key test today - The Times of India

 

LONDON: London to New York in one hour? US military is ready to test a radical new hypersonic aircraft that can reach a speed of 4,500 mph within seconds. The aircraft, called the X-51A Waverider, is currently being prepared at Edwards Air Force Base in the Mojave Desert. It uses a revolutionary 'scramjet' engine that allows it to travel at hypersonic speeds and it will be dropped from a B-52 bomber in its latest test on Tuesday, the 'Daily Mail' reported. Attached to a B-52 bomber's wing, it will be taken from Edwards to about 50,000 feet over the Pacific Ocean near Point Mugu. Hypersonic flight is seen as the next step for aircraft.

The WaveRider program is estimated to cost $140 million, according to Globalsecurity.org, a website for military policy research. It has had a mixed history, with previous tests being aborted after the engine stalled. The latest test will see the craft freefall for four seconds over the Pacific before its booster rocket engine ignites and propels the nearly wingless aircraft for 300 seconds before being jettisoned. Then the cruiser's scramjet engine, notable because it has virtually no moving parts, ignites.

The WaveRider is expected to accelerate to about Mach 6 as it climbs to nearly 70,000 feet, the Los Angeles Times reported. After 300 seconds of flight, the WaveRider is set to break up after splashing into the Pacific, as planned. There are no plans to recover the WaveRider. The cruiser is designed to ride its own shock wave. That's how the X-51 earned the WaveRider nickname. "The X-51 is a technology feeder to larger, more sustained flight times," said Darryl W. Davis, president of Boeing Phantom Works, which built the cruiser. "The hope is to advance state of the art." agencies

1.5% of airline online booking revenue lost to fraud

News & updates from WorldPay, the fast & secure credit card payment system

1.5% of airline online booking revenue lost to fraud

19 June 2012

Airlines continue to lose a significant proportion of online booking revenue to fraud

Globally, 66% of airline merchants are seeing fraud levels stay the same or increase as they lose 1.5% of booking revenue to fraudulent transactions, according to the global Perfect Passenger Payment insights report, commissioned by WorldPay. Worryingly, this could be set to increase, with 29% of airlines reporting that incidents of fraud have risen in the past year.

The good news for airlines is that customers are happy to accept a robust screening process when buying tickets online. 71% of consumers would prefer a slower payment process with more rigorous security checks than a faster process with fewer checks.

The global study surveyed 51 airline merchants including low cost, regional and global airlines and 4,500 consumers from the UK, US, China, Japan, Brazil, Finland, Spain, Germany and France to explore views on the online booking process for buying airline tickets. Phil McGriskin, chief product officer, WorldPay commented: "Airline merchant's profit margins continue to be squeezed by rising fuel costs and environmental restrictions yet they are continuing to lose a significant proportion of booking revenue to fraud. Consumers, however, are accepting of more rigorous security checks so airlines have the opportunity to be more vigilant over fraud management without running the risk of losing customers."

Key findings from the Perfect Passenger Payment Report:

  • Transparent pricing – 53% of consumers say that surcharges are not made clear enough when buying online, and 36% of consumers who abandon their purchase before paying do so because they have been presented with a 'hidden charge'
  • Surcharge tolerance – On average, consumers are prepared to pay 3.81% of their total flight towards surcharges, and those countries that feel surcharges are not transparent enough are still prepared to pay over the global average towards additional costs
  • Alternative payments – 84% of airline merchants plan to offer more choice in payment types in the next two years. 38% of consumers would use a different airline and 48% would consider doing so if their preferred airline no longer accepted the payment method they wanted to use
  • Mobile payments – 58% of consumers would like to use their mobile device to pay for a flight in the future
  • Accommodating foreign customers – Only 22% of airline merchants give customers the option to pay using the currency of their choice if they are purchasing from a foreign country
  • Optional 'extras' – 50% of consumers are more likely to make additional purchases such as hotels, travel insurance and baggage allowance in one transaction combined with their flight cost so they can reduce payment surcharges

The report also found that shopping cart abandonment is a big issue for airlines, with almost a quarter of online shoppers confessing to dropping out before completing the payment process. A gap however exists between airline's understanding of why people drop out and the reason given by consumers. Over half of airlines think consumers abandon their purchase because their payment was declined but only 7% of consumers claim this caused them to abandon a purchase. In fact, 36% of respondents reported that it was due to being presented with hidden surcharges, whereas only 6% of airlines highlighted surcharges as a factor.

McGriskin concludes: "In terms of minimising purchase abandonment, airlines are fuelling customer frustrations by not clearly stating surcharge costs. On average, consumers recognise that a proportion of their airline cost will include a surcharge percentage but consumers feel they are being misled right up until the point at which they need to pay. If airlines are prepared to be more transparent about additional costs they could actually see an upturn in the number of customers that complete the payment process."

Indian Railways - E-TICKET - FAQ - Very helpful

Indian Railways - IRCTC-eticket

Indian Railways - E-TICKET

How to register at irctc?

Click on this link to get step by step guide to see how to register at irctc - http://irctc.co.in/eticketsguide.html

What Document/I-Card required to book e-Ticket?

The user is not required to give any input of the photo identity card details of any of the passengers while booking the ticket. However he shall have to carry and show one of following identity card of any of the passengers in original while travelling.

The following photo identity cards are considered valid.

  • Voter Identity Card
  • Passport
  • PAN card
  • Driving License
  • Photo identity cards issued by Central/State Government for their employees.
  • Student Identity Card with photograph issued by recognized School / College for their students
  • Nationalised Bank Passbook with photograph

How can I make payment to book e-ticket?

ICICI Payment Gateway (For VISA and MASTER credit cards), direct debit option (Internet Banking) of major Banks and a cash card option (ITZ cash) are available to book e-tickets.

How can I cancel e-ticket and how will I get refund?

E-Tickets (Reservations) can be cancelled only through Internet till Chart preparation of the train and it is not allowed at face to face Railway Counters. If the user wishes to cancel his e-Ticket, he can do so till the time of chart preparation for the train (which is normally 4 hours before the scheduled departure of the train from the train starting station) through the Internet. He can log on to www.irctc.co.in and go to Booked Tickets link and select the ticket to be cancelled and can initiate the cancellation by selecting the passengers to be cancelled. Cancellation would b e confirmed online and the refund would be credited back to the account used for booking as for normal Internet tickets. If there is any partial cancellation of ticket please ensure that the modified ticket (Electronic Reservation Slip) is printed separately as for the original ticket. To get more detail about how to cancel e-ticket click on this link - http://irctc.co.in/etktcanc.html

How can I cancel e-ticket after preparation of chart?

After chart preparation, Refunds for Confirmed/RAC/Partially Confirmed Eticket will be processed through TDR process. Customer can file TDR online and refund sanctioned by Railways would be credited back to user/agents account. Refund claims under above clause may require at least 90 days or more for processing. Only those PNRs whose Date of journey is less than 30 days will be listed and shall be eligible for applying TDR.

Customers are requested to select PNR which are eligible for TDR filing. Please refer to File TDR Procedure

Online TDR for e-Ticket:
TDR (Ticket Deposit Receipt) – If the customer was not able to perform the journey due to any /or the following reason
  1. Train Cancelled By Railways
  2. Train running Late by More than Three hours And Passenger Not Travelled
  3. Difference of Fare in case proper coach not attached
  4. AC Failure
  5. Travelled without proper ID proof
  6. Wrongly charged by TTE
  7. Party partially travelled
  8. Passenger Not travelled
TDR Rules
  1. The TDR Refund will be processed as per Extant Railway Rules:
  2. TDR should be filed within 30 days of Departure of Train
  3. The refund process will take at-least 90 days and more
  4. E-ticket refund request (after chart preparation) can be filed online.
  5. In case of i-ticket, online refund request is not allowed. For i-ticket please follow the following procedure:
    • Surrender the I-Ticket with the Station Master and obtain a Ticket Deposit Receipt.
    • Send your claim for refund to the following address attaching the original copy of the TDR to:
    General Manager (Operations),
    Indian Railway Catering & Tourism, Corporation Ltd.,
    Internet Ticketing Centre,
    State Entry Road, New Delhi - 110 055.
    • IRCTC will process the refund claim with the Railway Administration and refund granted by the Railway shall be credited to your account
    • Refund claims under above clause may require at least 90 days or more for processing

Refubd Rules:

1. In case train is cancelled by the Rlys due to accidents, breaches or floods, Bandh or Rail Roko agitation etc- full refund of the fare of entire booked journey will be granted .On line cancellation can be done up to 72 hrs.

2. In case train is running late more than 3 hrs and Passenger has not travelled- full fare will be refunded.

3. In case proper coach is not attached-Difference of fare between the booked class and lower travelled class will be refunded. Certificate from the TTE (in original) for the lower class travelled is must to claim for refund.

4a In case of AC failure of AC1class/Executive class- Difference of fare between AC1class or Executive class and First Class will be refunded for the distance AC not worked. Certificate from the TTE (in original) for the AC not worked is must to claim for refund.

b In case of AC failure of AC2/AC3 class- Difference of fare between AC2/AC3 class and Sleeper Class will be refunded for the distance AC not worked. Certificate from the TTE (in original) for the AC not worked is must to claim for refund.

c In case of AC failure of AC chair car class- Difference of fare between AC chair car class and second class will be refunded for the distance AC not worked. Certificate from the TTE (in original) for the AC not worked is must to claim for refund.

5. In case Travelling without proper ID proof-will be considered without ticket and will be charged accordingly. Chief Commercial Manager/Refunds can be approached for discretionary refund. Excess fare ticket (EFT) (in original) issued by the TTE is must to claim for refund.

6. In case of wrongly charged by the TTE-full refund will be granted by the Chief Commercial Manager/Refunds. Excess fare ticket (EFT) (in original) issued by the TTE is must to claim for refund.

7. In case party/ family partially travelled- refund will be granted by the Chief Commercial Manager/Refunds as per rule. Certificate from the TTE (in original) for the less passenger travelled is must to claim for refund.

8. In case passenger not travelled- refund will be granted by the Chief Commercial Manager/Refunds as per extant Railway rule.

9. Partially used reserved ticket by Rajdhani, Shatabdi and Jan Shatabadi Exp- No refund is allowed.

10. In case Rlys is not able to provide accommodation-full refund will be granted.

11. Refund on Tatkal Ticket- if it is cancelled up to 24 hrs before the scheduled departure of the train 25% excluding the Tatkal charges will be refunded. Thereafter no refund means would be zero refund.

12. Part Confirm/RAC/Waiting List Ticket.

a. If on one PNR there are more than one passenger and one passenger is having confirmed/RAC status and rest are on waiting list or vice-versa, names of all the passengers booked on such PNR will appear in the chart.

b. A certificate can be obtained from the Ticket Checking staff in the train regarding non-travelling of wait-listed passengers on such tickets. Refund will be processed through TDR refund only after receiving the original certificate. IRCTC will forward the claim to Concerned Railways along with original certificate to process the refund and money of refund amount will be credited back to same account through which payment was made after receiving the same from the concerned Railways.

c. If all such passengers do not want to travel before chart preparation, online cancellation can be done as at present. However, after chart preparation, online request can be sent to IRCTC through TDR refund for seeking refund. IRCTC will forward the claim to Concerned Railways to process the refund and money of refund amount will be credited back to same account through which payment was made after receiving the same from the concerned Railways

Note-Certificate from the TTE (in original) for the AC not worked or Excess fare ticket (EFT) (in original) issued by the TTE for wrongly charged or Certificate from the TTE (in original) for the less passenger travelled may be submitted to the following address along with the application to claim for refund

General Manager (Operations),
Indian Railway Catering & Tourism, Corporation Ltd.,
Internet Ticketing Centre
State Entry Road,
New Delhi - 110 055.

In case of any problem in e-ticket TDR filing, pls mail to etickets@irctc.co.in

How to File TDR online for my e-ticket?

Click the below link to get step by step guide how to file TDR online - http://www.irctc.co.in/cgi-bin/bv60.dll/irctc/services/FiletdrProc.do

What happens if after preparation of chart my e-ticket remains in RAC and I don't want to travel?

If the user wishes to cancel his e-Ticket, he can do so till the time of chart preparation for the train (which is normally 4 hours before the scheduled departure of the train from the train starting station) through the Internet. No cancellation of e-ticket is permitted on-line after the chart preparation. After chart preparation, Refunds for Confirmed/RAC/Partially Confirmed E-ticket will be processed through TDR process. Customer can file TDR online and refund sanctioned by Railways would be credited back to user/agents account. Refund claims under above clause may require at least 90 days or more for processing. Only those PNRs whose Date of journey is less than 30 days will be listed and shall be eligible for applying TDR.

Customers are requested to select PNR which are eligible for TDR filing. Please refer to File TDR Procedure

What if I forget to carry Photo Identity card?

One of the passenger booked on an E-ticket in a PNR is required to present any of the seven identity cards noted below in original during the train journey and same will be accepted as a proof of identity failing which the passenger will be treated as travelling without ticket and shall be dealt as per extant Railway Rules. Valid Ids:- Voter Identity Card, / Passport / PAN Card / Driving License / Photo ID card issued by Central / State Govt. Student Identity Card with photograph issued by recognized School / College for their students and Nationalised Bank Passbook with photograph will also be accepted as proof for travelling on e-tickets w.e.f 15-Jun-2010

How to postpone/prepone journey in e-ticket?

This can be done on line by cancelling the original ticket and booking a fresh ticket.

How to change name of passenger in e-ticket?

To know the procedure of changing the name of passenger click below link - http://irctc.co.in/Eticket_new_cancel.html

Can partial cancellation be done in e-ticket?

Yes. Partial Cancellation can be done. He can log on to www.irctc.co.in and go to “Booked Tickets” link and select the ticket to be cancelled and can initiate cancellation by selecting the passengers to be cancelled.

Can I book break -journey ticket in e-ticket?

Presently this facility is not available for internet tickets

How much extra should I pay for my e-ticket?

IRCTC levies a service charge of Rs.10/- per e-ticket in case of sleeper class(SL) and Second sitting(2S) and Rs.20/-per e-ticket in case of all other classes(1AC,2AC,3AC,CC,3E,FC) irrespective of the number of passengers booked on an e-ticket.

Tuesday, August 7, 2012

2012 London Olympics boxing: Magnificent Mary Kom storms into semis, assures a medal

2012 London Olympics boxing: Magnificent Mary Kom storms into semis, assures a medal

London: Her opponent was inches taller, 5 years younger but Mary Kom had loads of experience behind her along with the support of over a billion people. Mary Kom vs Maroua Rahali – As it happened…» Also read: Mary Kom’s profile» Click here for Olympics Live Coverage» Also Read: Mary Kom’s EXCLUSIVE interview with Zeenews.com» Will give my best for a bigger medal, says Mary Kom» The 29-year-old boxer stormed into the semifinals of London Olympics as she routed her Tunisian opponent Maroua Rahali 15-6 in the quarterfinal match of 51kg boxing category. Mary was on the defensive side in the first two rounds which she won 2-1, 3-2 respectively. In the third round, the crowd got to see the better of Mary Kom as she thumped back-to-back punches at her opponent who was taken by surprise. With this victory, India are now confirmed of another bronze medal but the way Mary has been performing in her first Olympics, she can definitely produce better results. Mary Kom will now lock horns with Nicola Adams of Great Britain in the semi-final. In her debut match, Mary convincinglydefeated Karolina Michalczuk of Poland to cruise into the quarterfinal of the 51kg category with ease.

Wednesday, August 1, 2012

My love filled violet flowers for you muah

flowers_32.jpg (520×328)

Venture Capital - India

Business Portal of India : Business Financing : Venture Capital


'Venture Capital' is an important source of finance for those small and medium-sized firms, which have very few avenues for raising funds. Although such a business firm may possess a huge potential for earning large profits in the future and establish itself into a larger enterprise. But the common investors are generally unwilling to invest their funds in them due to risk involved in these type of investments. In order to provide financial support to such entrepreneurial talent and business skills, the concept of venture capital emerged. In a way, venture capital is a commitment of capital, or shareholdings, for the formation and setting up of small scale enterprises at the early stages of their life cycle. Venture capitalists comprise of professionals of various fields. They provide funds (known as Venture Capital Fund) to these firms after carefully scrutinizing the projects.
Their main aim is to earn huge returns on their investments, but their concepts are totally different from the traditional moneylenders. They know very well that if they may suffer losses in some project, the others will compensate the same due to high returns. They take active participation in the management of the company as well as provide the expertise and qualities of a good banker, technologist, planner and managers. Thus, the venture capitalist and the entrepreneur literally act as partners. The venture capital recognises different stages of financing, namely:-
Early stage financing - This is the first stage financing when the firm is undertaking production and need additional funds for selling its products. It involves seed/ initial finance for supporting a concept or idea of an entrepreneur. The capital is provided for product development, R&D and initial marketing.
Expansion financing - This is the second stage financing for working capital and expansion of a business. It involves development financing so as to facilitate the public issue.
Acquisition/ buyout financing - This later stage involves:- Acquisition financing in order to acquire another firm for further growth Management buyout financing so as to enable the operating groups/ investors for acquiring an existing product line or business and Turnaround financing in order to revitalise and revive the sick enterprises. In India, the venture capital funds (VCFs) can be categorised into the following groups:-
Those promoted by the Central Government controlled development finance institutions, for example:- ICICI Venture Funds Ltd. IFCI Venture Capital Funds Limited (IVCF) SIDBI Venture Capital Limited (SVCL)
Those promoted by State Government controlled development finance institutions, for example:- Gujarat Venture Finance Limited (GVFL) Kerala Venture Capital Fund Pvt Ltd. Punjab Infotech Venture Fund Hyderabad Information Technology Venture Enterprises Limited (HITVEL)
Those promoted by public banks, for example:- Canbank Venture Capital Fund SBI Capital Markets Limited
Those promoted by private sector companies, for example:- IL&FS Trust Company Limited Infinity Venture India Fund
Those established as an overseas venture capital fund, for example:- Walden International Investment Group SEAF India Investment & Growth Fund BTS India Private Equity Fund Limited
All these venture capital funds are governed by the Securities and Exchange Board of India (SEBI) . SEBI is the nodal agency for registration and regulation of both domestic and overseas venture capital funds. Accordingly, it has made the following regulations, namely, Securities and Exchange Board of India (Venture Capital Funds) Regulations 1996 and Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations 2000. These regulations provide broad guidelines and procedures for establishment of venture capital funds both within India and outside it; their management structure and set up; as well as size and investment criteria's of the funds.

Obtain Caste Certificate - How do I: National Portal of India

Obtain Caste Certificate - How do I: National Portal of India

What is a Caste Certificate and Why is it Needed?
A Caste Certificate is the proof of one's belonging to a particular caste, especially in case one belongs to any of the 'Scheduled Castes', as specified in the Indian Constitution. The Government felt that the Scheduled Castes and Tribes need special encouragement and opportunities to progress at the same pace as the rest of the citizenry. As a result, as part of the Indian system of Protective Discrimination, there exist certain special privileges granted to this category of citizens, such as reservation of seats in the Legislatures and in the Government Service, waiving off a part or the whole of the fees for admission to schools and colleges, quotas in educational institutions, relaxation of upper age limits for applying to certain jobs, etc. To be able to avail these privileges, a citizen belonging to a Scheduled Caste must be in possession of a valid Caste Certificate.
The Legal Framework
The statutory lists of the Scheduled Castes and the Scheduled Tribes, in pursuance of Articles 341 and 342 of the Indian Constitution, were notified for the first time under the Constitution (Schedule Castes) Order, 1950 and the Constitution (Scheduled Tribes) Order, 1950. These lists have been modified/amended/supplemented from time to time. On the reorganisation of the States, the Scheduled Castes and Scheduled Tribes List (Modification) Order came into force from 29th October, 1956. Thereafter, a few other orders in respect of the Scheduled Castes and Tribes list in some individual States also came into force.
Know more about the Constitution (Scheduled Castes) Order, 1950 (External website that opens in a new window).
What You Need to Do to Get a Caste Certificate
The application forms are available either online or from the concerned local office in the City/Town/Village, which is usually the office of the SDM (Sub-Divisional Magistrate) or of the Tehsil or Revenue Department. In case none of your family members have earlier been issued a Caste Certificate, a local enquiry is conducted before issuing the Certificate to you. Proof of residence in your State for a minimum specified period, an affidavit stating that you belong to a Scheduled Caste, and the specified court stamp fee are required at the time of application. Links that might Interest You: Scheduled Caste Welfare (External website that opens in a new window) Scheduled Caste Welfare - List of Scheduled Castes (External website that opens in a new window) National Commission for Backward Classes

Obtain Birth Certificate - India online

Obtain Birth Certificate - How do I: National Portal of India

What is a Birth Certificate and Why is it Essential?
A Birth Certificate is the most important identity document that makes it possible for anyone in possession of it to benefit from a gamut of services offered by the Indian Government to its citizens. It becomes necessary to obtain a Birth Certificate because it serves to establish the date and fact of one's birth for a whole range of purposes, like acquiring the right to vote, admission to schools and to the Government Service, claiming the right to marry at the legally permissible age, settlement of inheritance and property rights, and obtaining Government-issued identity documents like a driving licence or passport.
The Legal Framework
In India, it is mandatory under the law (as per the Registration of Births & Deaths Act, 1969 (External website that opens in a new window) ) to register every birth/stillbirth with the concerned State/UT Government within 21 days of its occurrence. The Government accordingly has provided for a well-defined system for registration of Birth, with the Registrar General at the centre and the Chief Registrars in the States, running through district registrars to the village and town registrars at the periphery.
What You Need to Do
To apply for a Birth Certificate, you must first register the birth. The birth has to be registered with the concerned local authorities within 21 days of its occurrence, by filling up the form prescribed by the Registrar. Birth Certificate is then issued after verification with the actual records of the concerned hospital. In case the birth has not been registered within the specified time of its occurrence, the certificate is issued after due police verification ordered by the revenue authorities.

Blackout hit twenty two states in india

Wall Photos

Sania enters quter finals of women's singles

Wall Photos

Wall Photos

Ace Indian shuttler Saina Nehwal defeated Yao Jie of the Netherlands 21-14, 21-16 to enter her second successive Olympic quarterfinals in women's singles event. —

Why Assad's fall would diminish Iran's power

Mahmoud Ahmadinejad and Walid al-Muallem  
President Mahmoud Ahmadinejad (L) pledged support for Syria during a recent meeting with its Foreign Minister Walid al-Muallem

When the Arab Spring began in early 2011, Iran's government declared that it was happy with what it was seeing.

The people of the Middle East, it announced, were following the example set by Iran in 1979 when Ayatollah Khomeini overthrew the Shah.

But that happiness has given way to anxiety as Iran sees its only reliable ally in the region struggle to stay in power.

Iran and Syria are unlikely partners. Iran is a theocracy, Syria is a secular state. One country is Persian, the other Arab.

But after the 1979 Islamic Revolution in Iran, the two countries found that they had considerable mutual interests.

They needed to come together to fight their common rival, Saddam Hussein of Iraq. They also allied in order to check Israeli advances into Lebanon and to prevent any American attempts to enter the Middle East.

Each provided support to the Lebanese armed movement Hezbollah and to the Palestinian armed groups Hamas and Islamic Jihad.

Syria has consistently provided Iran with an element of strategic depth. It gives Iran access to the Mediterranean and a supply line to Iran's Shia Muslim supporters in southern Lebanon next to the border with Israel.

'Western plot'

In other words, Iran's alliance with Syria gives Tehran the ability to project its power right up to the Israeli border.


Ali Akbar Salehi

It is necessary that pro-Syrian countries pave the way for talks between the government and the opposition to find a solution”

Ali Akbar Salehi Iranian Foreign Minister

Losing this ability to project its power via Syria would represent a strong blow to Iran. This helps to explain why Iran's government has supported President Bashar al-Assad in Syria's conflict with rebel forces.

In addition, the two governments share a common view of the world. In particular, they appear to view any opposition to their respective administrations as a Western-inspired plot.

"The essence of the Islamic Awakening in the region is anti-Zionist and anti-US," said Iran's Supreme Leader Ayatollah Ali Khamenei in June 2011. "But in the case of Syria, US and Israeli hands are evidently at work."

The United States accuses Iran of providing direct assistance to President Assad's government.

Officials say that Iran has sent advisers to Syria and has provided riot gear and surveillance equipment to Syrian security forces. Iran has denied the allegations.

"The allegations levelled at our country are aimed at pushing the atmosphere inside Syria towards chaos, and we do not find such measures and comments to be right," said Iranian foreign ministry spokesman Ramin Mehmanparast in February 2012.

Peace broker

Iran appears to be determined to continue supporting Syria. But, in recent months it has also begun to cast an eye to a future in which it may have to do without its main ally.

It is even seeking a role for itself as a peace broker.

Supporters celebrate the electoral victory of Mohammed Mursi (June 25, 2012)
Iran faces a tricky task forging new ties with Egypt's Muslim Brotherhood

"The Islamic Republic of Iran is ready to sit down with the Syrian opposition and invite them to Iran," said Foreign Minister Ali Akbar Salehi on 15 July. "We are ready to facilitate and provide the conditions for talks between the opposition and government."

Mr Salehi continues to advance this position.

"It is necessary that countries that are pro-Syria and support peace and stability in the region pave the way for talks between the government and the opposition in order to find a solution to the situation," Iran's Isna news agency reported Mr Salehi as saying on 31 July.

If Iran loses Syria, it will struggle to find a comparable replacement.

The Islamic Republic maintains an alliance with the Shia-led government of its neighbour, Iraq.

But Iraq provides few of the geographical benefits of the alliance with Syria. In addition, the country is still recovering from its decade of conflict.

New ally?

So Iran has to look elsewhere as well. The Islamic Republic is trying to mend a 30-year breach with the most populated country in the Middle East, Egypt.

But this won't be easy. Egypt's newly-elected President Mohammed Mursi comes from the Muslim Brotherhood movement.

The Brotherhood's allies have consistently fought against the Syrian government - on the opposite side of Iran.

Iran's semi-official Fars news agency may even have tried to give its own nudge to Iran-Egypt ties.

Shortly after Mr Mursi's election, Fars published what it described as an exclusive interview with the new president.

In the interview Fars quoted Mr Mursi as saying that Iran and Egypt should improve their ties. But the new president's office said that the interview was a complete fabrication.

Iran may have to find new ways of making friends.

Tuesday, July 31, 2012

Recumbent iPad Stand


Tue Jul 31 2012(4 hours ago)
By Adam Flaherty from MAKE

If you’ve ever wondered what it would be like to lay on your back and operate an iPad without the hassle of actually having to hold it while in a supine position, then you’ll find this recumbent iPad stand by maker David Gardner an indispensable addition to your somnolent activities. [via Etsy]

Monday, July 30, 2012

Dog tells cat

 

Funny toilet - Jokeroo

Funny toilet

Funny toilet with a nice attracting woman

 

'Everything possible' to be done to protect the eurozone

BBC News - 'Everything possible' to be done to protect the eurozone


German Chancellor Angela Merkel and Italian Prime Minister Mario Monti on 4 July

 

Angela Merkel and Mario Monti discussed the eurozone crisis on Sunday

 

    German Chancellor Angela Merkel and Italian Prime Minister Mario Monti have said they will do "everything possible to protect the eurozone".

    The comments came in a joint statement following a telephone conversation on Sunday.

    They echo remarks from French President Francois Hollande and European Central Bank (ECB) President Mario Draghi.

    It has increased speculation that the ECB could resume its programme of buying up Spanish bonds.

    The remarks came the day before a visit from US Treasury Secretary Timothy Geithner.

    On Monday, he will be meeting German Finance Minister Wolfgang Schaeuble before flying to Frankfurt to meet Mario Draghi.

    Markets rallied on Thursday following Mr Draghi's supportive comments.

     

    The US Treasury Secretary's whirlwind visits to the people who matter in eurozone monetary policy has raised speculation still further that policy is changing quietly, with German approval. The difficulty is that if it's not, last week's stock market optimism might be suddenly deflated.”

    The BBC's Stephen Evans in Berlin said that Mr Geithner's whirlwind visit combined with the remarks from eurozone leaders had raised speculation still further that a quiet change of policy was underway.

    Eurozone leaders agreed in a summit at the end of June that they would allow their rescue fund to intervene on bond markets.

    But since then there has been growing doubt as to whether the ECB could buy bonds from troubled economies if the eurozone's richest country, Germany, opposed the policy.

    There may be further signs of the support that some eurozone economies need on Monday, when Italy auctions three, five and 10-year bonds.

    Monday will also see the release of the first estimate of whether Spain's economy grew or contracted in the three months from April to June.

    It is expected to show that Spain's recession continued.