sluvpv Hmlcn s^{_p-hcn

Transcription

1 sluvpv Hmlcn s^{_p-hcn

2 2 sluvpv Hmlcn s^{_p-hcn 2013

3 Editorial February 2013 Volume: 2 Issue: 11 Price: Rs. 25 Company Management Managing Director Alex K Babu Chief Executive Officer N. Bhuvanendran Chief Operating Officer Bobby Jose Editor K. Aravind Marketing Manager (Sales) K.G. Girish Kumar Marketing Executive Maria Namitha Correia Research Team Head-Research & Strategies Group Krishnan Thampi K Senior Fundamental Analyst Amar Chandramohan Senior Technical Analysts Renjtih K Economic&Commodity Analyst Vignesh S B K Fundamental Analyst Shajan K.S Layout & Design M.T.Gopalakrishnan, DezignCentre, Kochi Head Office Hedge Equities, Hedge House, Mamangalam, Kochi, Pin Tel: online@hedgeequities.com Website: Disclaimer The information contained inour report does not constitute an offer to sell securities or the solicitation of an offer to buy, any security. The information in our report is not intended as financial advice. Hedge Equities Ltd do not undertake the responsibility for any investment decision taken by the readers based on this report. Moreover, none of the research report is intended as a prospectus within the meaning of the applicable laws of any jurisdiction. The information and opinions contained in research reports have been compiled or arrived at from sources believed to be reliable in good faith, but no representation or warranty, express or implied, is made by Hedge Equities Ltd to their accuracy. Moreover, you should be aware of the fact that investments in securities or other financial instruments involve risks. Past results do not guarantee future performance. bp]nfbpss AP bpw NnZw_cØns _P pw bpfkv `cwls\ A\pkcn v Hcp hy n v c v h Øn IqSpX {]knu mbncn m km[ya. C ybn AØcsamcp Iogvhg an. Hcp cmjv{sobt\xmhn\v F{X XhW thwsa n epw {][m\a{ nbmbncn m `cwls\ {]Imcw Ahkcap v. F n pt]mepw kzxt{ ybpss Ncn{XØn Phl em s\lvdphpw a taml knwkpw am{xamwv XpS bmbn c v h w {][m\a{ nbmbn p Xv F Xv IuXpIIcamWv. C ybnse cmjv{sob ÿncxbn mbvasb Xs bmwv Cu Ncn{Xw shfns Sp Øp Xv. ]et mgpw \ΩpsS cmpyøv `cwønencn p h v [ocamb Xocpam\ßsfSp m km[n msx t]mip Xpw `cw XeØn \b]camb XpS tbm hy Xtbm C møxpw Cu cmjv{sob ÿncxbn mbva aqeamwv. a taml knwkns\ ho pw {][m\a{ nbm pi F Xv bp]nfbpss ]cnkw\ifnept msb v kwibamwv. cmlp Km nsb tim {Kkns t\xr]zhnifnte v B\bn p tim {Kkns AP F msw v Duln mhp txbp q. AtX kabw Xs {][m\a{ n ÿm\m n Bcmbmepw ASp Ø XhW sxcs Sp n Pbn m Ignbptamsb ImcyØn bp]nfbv v Dd v t]mc. AXpsIm pxs c mw h w A[nImc ØnseØp bpfknse {]knu pamsc t]mse IWniamb Xocpam\ßfpambn apt m p t]mim\p \n `bxzw bp]nf k mcn\v C. kºzvhyhÿbpss Xmfw sx psa XpsIm p am{xamwv Ign h jw c mw ]IpXn apx Hgnhm m\mim Ø Nne kmºøni ]cnjvicw߃ {]Jym]n m bp]nf k m XbmdmbXv. AtX kabw ASpØ temivk`m sxc s Sp n\v C\n Hcp h jw am{xw tijns P\{]nb ] Xn Iƒ {]Jym]n v thm v_m v cmjv{sobøn\v th ASnØdbnSpI F AP IqSn bp]nf v \S nem m\p v. Cu {]txyi kmlncyønemwv [\Imcya{ n ]n.nnzw_cw ASpØ kmºøni h jønte p ti{μ_p v AhXcn n p Xv. [\Imcya{ n F \nebn NnZw_cØns ap Ime Ncn{Xw IW nsesp ptºmƒ _P n At±lw kzoicn mhp kao]\w F mbncn pw? sluvpv HmlcnbpsS Cu e Ønse Ih tãmdn N snøp Xv Cu hnjbsø Ipdn mwv. [\Imcy tkh\ tajebn sshhn[yh cwøneqss hyxykvxamb _nkn\kv amxri ]n pscp apøq v ]m {Kq v FIvknIyq ohv UbdIvS txmakv apøq pambp A`napJw Cu e Ønep v. sluvpv Hmlcnsb Ipdn- p \nß-fpss hne-tb-dnb A`n- {]m-b-ßfpw \n tzi-ßfpw kzmkxw snøp -p. si.- A-c-hnμv FUn-, sluvpv Hmlcn editor@hedgeequities.com Printed, published and owned by Alex K.Babu, printed at Sterling Print House (P) Ltd., Ponekkara- Cheranelloor Road, AIMS Ponekkara PO, Cochin-41 for Varna Offset Printers (EKM) and published at Hedge Equities, Hedge House, Mamangalam, Kochi, Pin Editor: K. Aravind sluvpv Hmlcn s^{_p-hcn

4 Contents February NnZw_cw C pdn GXv tdmfn? ]cnjv Ømthm P\{]nbt\m? kmºøni ]cn-jvi-cw \S-]-Sn-Iƒ XpScpIbpw 2014se temivk`m sxc-s -Sp v ap n I v P\-{]nb ] -Xn-Iƒ {]Jym-]n- pibpw snøpi ti{μ-_-p- n Cu c v e y-ßfpw Hcp t]mse t\sn-sb-sp- pi F -XmWv [\Imcya{ n ]n.nnzw-_cw t\cn-sp sh p-hnfn. ""sshhn[yh cww Zo LIme hf m km[yxbp tajeifn '' ]Xn- m- p-i-fmbn kz W hmbv]m _nkn-\kv taj-e-bn {]h Øn- p-hcp apøq v ]m - {Kq ns thdn _nkn-\kv X{ -ßsfbpw sshhn[yh cwsøbpw Ipdn v apøq v ]m - {Kq v FIvkn-Iyq- ohv Ub-d-IvS txmakv apøq v hni-z-am- p- p. aq mw ss{xamkøn Iº\nIƒ v ani em`hf...36 P\p-h-cn-bn {]Jym-]n- -s, {]apj em PvIm v Iº-\n-I-fpsS kmº-øni h j-ønse aq mw ss{xamk {]h Ø-\- ^-e-ß-fpss Ah-tem-I-\w. 4 sluvpv Hmlcn s^{_p-hcn 2013 \nt ]ßfn \n p em`øn\v Fßs\ \nipxn \ IWw?...24 kv{xoifpss kpc bv v samss_ Bπnt j..27 `h\hn \bpw ]pxnb ] XnIfpw Ipdbp p...33 BtcmKy C jpd kv "tsm v A v' snømw...34 {_m v bp w simgp p p; XmcßfpsS t]m pw Cd paxn Xocph h [n n Xp aqew kz W D]t`mKw Ipdbptam? 14 kwi-b-߃ v adp-]sn hmb-\- m-cpss kwi-b-߃ v adp-]sn \ Ip- Xv sluvpv CIzn- okv No^v FIvkn-Iyq- ohv Hm^o-k F.-`p-h-t\-{μ C y-bpss Id v A u v IΩn IqSp- -Xns Hcp {][m\ ImcWw kz W Cd- p-a-xnbnse h [-\-bmsw ncns kz W-Øns D]t`mKw Ipd-bv pi F e y-tømssbmwv kz W Cd- p-a-xn- p Xocph k m- h [n- n- Xv. Cu \S-]Sn ^e- {]ZamIptam? FkvsF]nbn \n p t\ w Fßs\ sa s SpØmw? \nt ]I v knã-am- niv C sh-ãvsa v πm\n(-f-kv-sf-]n) \n p t\ w h [n- n- p- -Xn-\mbn Ah-ew-_n- m-hp Nne \nt -]-X-{ -߃

5 sluvpv Hmlcn s^{_p-hcn

6 My Company tic-f-ønse {]apj Iº\n ta[m-hn-iƒ Xß-fpsS Iº-\n-sbbpw _nkn-\kv ssien-sbbpw CXp-h-sc-bp {]h Ø\ Ncn-{X-sØbpw Ipdn v {]Xn-]m-Zn- p ]w n ""sshhn-[y-h -cww Zo L-Ime hf m km[y-x-bp taj-e-i-fn '' 12 ]Xn- m- p-i-fmbn kz W hmbv]m _nkn-\kv taj-e-bn {]h Øn- p-h-cp apøq v ]m - {Kq v Xß-fpsS D]-t`m- m- ƒ v hn]p-e-amb tkh-\-ßfpw D - -ßfpw \ IpI F e y-tømss [\-Imcy tkh\ _nkn- \-kn sshhn-[y-h -cww \S-Øn-h-cn-I-bm-Wv. {Kq ns thdn _nkn-\kv X{ -ßsf Ipdn v hni-z-am- p-i-bmwv apøq v ]m - {Kq v FIvkn-Iyq- ohv Ub-d-IvS txmakv apøq v Cu tej-\-øn. kz Whmbv] {][m\ _nkn-\-kmbn kzoi-cn- n-cn- p _m nwkv CXc [\-Imcy ÿm]-\-ß-fn apøq v ]m - {Kq v ]n p-scp Xv thdn ssienbm-wv. Cu cwksø CXc Iº-\n-I-fn \n v hyxykvx-ambn [\-Imcy D _nkn-\-kn sshhn-[y-h -cww sim p-h-cp- - XnemWv R߃ {i -bq- p- -Xv. Rß-fpsS D]-t`m- m- ƒ v Bh-iy-amb hnhn[ [\- Imcy tkh-\-߃ Hcp IpS- o-gnembn \ IpI F e y-tøm-ss-bmwv Cu sshhn- [y-h -cww R߃ \S-Øp- Xv. 12 ]Xn- m- p-i-fpss ]mc-º-cy-ap apøq v ]m - {Kq v BZy-Im-eØv kz W hmbv]m _nkn-\kv cwkøv am{x-amwv -{]- h Øn- n-cp- -Xv {]h Ø\w Bcw- `n apøq v ]m - {Kq v 1994 apøq v Ccp-N-{I, ap {I hml-\- ßfpsS hne-bpss 100 ixam\w hmbv] e`y-am- p ]pxnb tkh\w apøq v Im n- k ho-kkv \ S p kmº-øni h jw Xs Bcw-`n- pw. CXv Iº-\n-bpsS hf v Gsd klm-b-i-am-ip-sa- m Wv {]Xo- n- p- -Xv. Im n- k ho-kkv F Iº\n Bcw- `n- -txm-ss-bmwv [-\-Imcy tkh\ taj-ebnse sshhn-[y-h -c-w-øns ]mx-bnte v \oßp- -Xv. Ccp-N{I hml-\-ßfpw ap {I hml-\-ßfpw hmßp- -Xn-\mbn D]- t`m- m- ƒ v hmbv] \ Ip _nkn-\- kn-emwv apøq v Im n- k ho-kkv {][m-\-ambpw {i ti{μo-i-cn- n-cn p- -Xv. Zo L-Im-em-Sn-ÿm-\-Øn i -amb hf m km[y-x-bp a v [\-Imcy tkh\ taj-e-i-fn-te v Xncn-bp- -Xns `mk-ambn apøq v ssat{im-^n-\m kv enan- -Uv, apøq v 6 sluvpv Hmlcn s^{_p-hcn 2013 luknwkv ^n\m kv Iº\n enan- Uv F o Iº-\n-Iƒ Ign GXm\pw h jß-ƒ nss Bcw-`n p. kz W hmbv]m cwkøv {]h Øn- p apøq v ^n tim v F ^vfmkvjn v Iº- \n v C v C y-bnse hnhn[ `mk-ß-fnembn 3200 imj-i-fpw 15 -e w D]-t`m- m- -fp-am-wp- -Xv. {]Xn-Zn\w icm-icn 40,000 D]-t`m- m- ƒ mwv Iº\n tkh\w \ Ip- -Xv kmº-øni h j-øn Iº-\n-bpsS hcp-am\w 1507 timsn cq]bpw \nip-xn p tij-ap em`w timsn cq]-bp-am-bn-cp- p. Iº-\n-bpsS A - BkvXnaqeyw timsn cq]-bm-wv. hml\ hmbv]m _nkn-\- kn hyxykvx amxri apøq v Im n- k ho-kkv {][m\ _nkn-\-kmb Ccp-N-{I- -ap- {I hml\ hmbv] p ]pd-sa `qan ]Wb hmbv], t_m p-iƒ, \nt -]-߃, [\-Imcy D - ߃ F o taj-e- I-fnepw {]h- Øn- p- p. Fkv-FwC hmbv], tkmƒuv CSn-F-^p-Ifpw HmlcnIfpw ]W-b-ambn kzoi-cn v \ Ip hmbv] F o D - -ßfpw Iº- \n-bp-ts-xm-bp- v. _nf-kvc (t_mws_ tãm v F IvkvtN- v) -bn enãv snbvx Iº-\n-bmb apøq v Im n- k ho-kkv ÿnc-x-tbmss em`-hoxw \ Ip Iº-\n-bmWv. Ign kmº-øni h jw 35 ix-am-\ (3.50 cq]) - amwv Iº\n Hml-cn-bp-S-a-Iƒ v em`-ho-xambn \ In-b-Xv. F m h jhpw em`-ho-x- Øn A v ix-am\w h [\ \ Ip- - Xn Iº\n {i n- p- p. Ign kmº-øni h jw Iº\n Hml-cnbp-S-a-Iƒ v 1:1 F A\p-]m-X- Øn 80 cq] v AhImi Hml cniƒ A\p-h-Zn- n-cp- p. \ne-hn cq] hne-bnemwv hym ]mcw snøp- -sx- n-cns Ah- Imi Hml-cn-Iƒ hmßnb \n t -]-I v 50 ix-am-\-øntesd em`-amwv e`n- -Xv. ticfw, Xan-gv\mSv, B { m-{]-tz-iv, tkmh, KpP-dmØv F o A v kwÿm-\-ß-fn-emwv Iº\n {]h Øn- p- -Xv. alm-cm-jv{s-bnepw {]h Ø\w Bcw- `n- m ] -Xn-bp- v. ticføn Ccp-N{I hml\ hmbv]m _nkn-\-kn apøq v Im n- k ho-k-kn\v 35 ix-am\w hn] Wn ] m-fn-ø-amwp- Xv. {]apj _m p- txmakv apøq vtxmakv apøq

7 Isf ]n n-em- n-bmwv apøq v Im n- k ho-k-kv Cu hn]wn ] m-fnøw t\snsb-sp-ø-xv. tic-f-øn ap {I hml\ hmbv]m cwkøv apøq v Im n- k hok-kn\v 13,000 D]-t`m- m- -fm-wp- -Xv. Ccp- N{I hml\ hmbv]m cwkøv C y-bnse hnhn[ `mk-ß-fn-embn 1.67 e w D]-t`m- m- fpw Iº-\n- p- v. apøq v Im n- k ho-k-kns A \njv{in-bmkvxn 0.6 ix-am\w am{x-am-wv. Iº\n D]-t`m- m- ƒ v \ Ip tkh\ coxn-bpss hyxy-kvxx Xs -bmwv \njv{in-bmkvxn Ipd-bm ImcWw. Hmt m dn -bv mbn hmbv] FSp-Ø-h-cn \n pw t]mãv s]bnuv sn p-iƒ hmßmsx Ah v GXv Znh-khpw Xncn- -Shv \S-Øm-\p kui-cy-amwv Hcp- n-bn-cn- p- -Xv. 250 cq] {]Xn-Zn\ hmsi \ In Hmt mdn HmSn- p ss{uh am v {]Xn-Zn\w 165 cq] \ In Hmt m-dn kz -am- m-\p tkh- \-amwv R߃ \ Ip- -Xv. \mev h jw hmbv]m Ime-b-f-hp Cu D - -Øn\v hfsc ani kzoim-cy-x-bmwv e`n- p- - Xv. hn]-wn-bn icm-icn ix-am\w ]eni CuSm- p-tºmƒ R߃ Hmt mdn hmbv] v CuSm- p- Xv ix-am\w hm jni ]en-i-bm-wv. Ccp-N-{I, ap {I hml-\-ßfpss hnebpss 100 ix-am\w hmbv] e`y-am- p ]pxnb tkh\w Iº\n \S p kmº-øni h jw Xs Bcw-`n- pw. CXv Iº-\n-bpsS _nkn-\knse hf v Gsd klm-b-iam-ip-sa- mwv {]Xo- n- p- -Xv. ssat{im-^n-\m kv: i -amb hf m km[yx kmº-øni Dƒs -Sp-Ø-ens {]m[m- \ysø Ipdn v hn]p-e-amb t_m[-h cww \S- p h Ø-am\ ImeØv ssat{im-^n-\m kv taj-e-bpss {]m[m\yw h [n- p-sim- n-cn- p-i-bm-wv. Zo L-Im-em- Sn-ÿm-\-Øn ssat{im-^n-\m kv taj-ebpss hf m km[yx Xncn- -dn- mwv Cu taj-e-bn-te v R߃ {]th-in- -Xv Bcw-`n apøq v ssat{im-^n-\m kv enan- Uv aq v h jsø {]h Ø\ Ime-b-fhn 5.94 e w D]-t`m- m- ƒ mwv hmbv]m tkh\w \ In-b-Xv. CXn ticf-ønse c v e tømfw D]-t`m- m- fpw Xan-gv\m- nse Hcp e tømfw D]- t`m- m- fpw Dƒs ss 3.40 e w D]-t`m- m- ƒ Ct mgpw kpo-h-am-wv. tic-f- Øn\pw Xan-gv\m-Sn\pw ]pdsa I Wm-S-I- Ønepw KpP-dm-Ønepw apøq v ssat{im-^n- \m kn\v km n-[y-ap- v. sndnb kwcw-`-ßsf Ipdn v Xmgv hcp-am-\- m-cmb km[m-c-w- msc t_m[- h -cn- m\pw Ah- v hcp-am\w t\sp- -Xn-\p ]pxn-sbmcp hgn -Xp-d- p-sim-sp- p- -Xn-\p-ap Ah-k-c-amWv ssat{im-^n- \m knw-kn-eqss e`n- p- -Xv. sndp-ins kwl-ßsf t_m[-h -cn- p- -Xn\mbn kup-\y-am-bmwv R߃ ]cn-io-e\ ]cn- ]m-sn-iƒ kwl-sn- n- p- -Xv. ssat{im-^n-\m kneqss ]pxnb D]-t`m- m- sf Is - kz W hmbv] Hgn-sI-bp [\-Imcy D - -ß-fneqsS \S p kmº-øni h jw Bbncw timsn cq]- bpss hmbv]m _nkn-\-km Wv e y-an-sp- Xv. A v h jøn\p n F m [\-Imcy tkh-\-ß-fpw \ Ip {Kq v Bbn amdpibmwv e yw. Øm\pw Ah v Rß-fpsS a v D - ߃ -{I-taW ]cnn-b-s -Sp-Øm\pw km[n- p- p. ]Xps am{xta Cu cwkøv henb hnpbw Is -Øm IgnbpI-bp- q-sh- nepw Cu taj-e-bpss Zo LIme hf m km[yx hfsc hepxmwv. ssat{im-^n- \m knw-kns khn-tij LS-\bpw kz`mhhpw ImcWw _m- p-iƒ v Cu cwktø p IS p hcp- Xn\v Ht sd ]cn-an- Xn-I-fp- v. AXp-sIm p Xs _m nwkv CXc [\-Imcy ÿm]-\-߃ v Ah-k-cßsf IrXy-ambn {]tbm-p-\-s -Sp-Øm km[n- p-i-bm-sw- n Cu taj-e-bn Afh km[y-x-i-fp- v. kv{xoiƒ p am{x-ambn hmbv] \ Ip tkh\ ] -Xn-bmWv apøq v ssat{im- ^n-\m kns apøq v alnfm an{x. sndp- InS kwcw-`-߃ v {]h Ø\ aqe-[\w Is -Øp- -Xn\pw _nkn-\kv hn]q-en-i-cn- p- -Xn\pw ]ip XpS-ßnb hf ØparKßsf hmßp- -Xn\pw a p-am-bmwv apøq v alnfm an{x hmbv] \ Ip- -Xv kv{xoi-fpss kwl-߃ m-bmwv hmbv] A\p-h-Zn- p-i. 26 ix-am-\-amwv ]en-i-\n-c- v. ]pxnb D]-t`m- m- ƒ v 10,000 cq] apx 12,000 cq] hsc-bmwv hmbv] \ Ip- -Xv. hmbv] Xncn- -S- p- -Xn\v A\p-k-cn v Ch v ]n osv IqSp-X XpI hmbv]bmbn A\p-h-Zn- pw. hmbv] \ Ip- Xv {][m-\-ambpw hcpam\w D m- p ] -Xn-Iƒ XpS-ßp- -Xn- \m-bm-wv. CØcw ] -Xn-Iƒ mbn hmbv] FSp-Øn- p- -h v kviqƒ Xpd- p kabøv kviqƒ ^okn\pw ]T-\-km-a-{Kn-Iƒ hmßp- -Xn\pw a p-ambpw IpSpw-_-Ønse ASn-b- nc Bh-iy-߃ mbpw thsd hmbv]iƒ \ Im-dp- v. hy n-iƒ v BZy-L- -Øn hmbv] \ In-bn-cp-s - n epw AXv th {X ^e-{]-z-a-. hfsc hnp-b-i-c-am-bmwv ssat{im-^n- \m kv Unhn-js {]h Ø-\w. Cu Unhnj\p Iogn-em-bp 2013 P\p-hcn 17 hscbp Hu vãm nwkv hmbv]m XpI 262 timsn cq]-bm-wv. 0.4 ix-am\w am{x-amwv Iº-\nbpsS \njv{in-bmkvxn. D]-t`m- m- ƒ Xncn- -S-hn hogvn hcp-øp- - Ahÿ an hmdpw C F Xp Xs ssat{im-^n- \m kv taj-e-bpss hnp-b-km-[y-x-bmwv shfn-s -Sp-Øp- -Xv. ]cn-ip- -amb IpSn-sh w D m- p kznkv \n anx b{ w hmßp- -Xn\v hmbv] \ Ip Hcp ] Xn Bcw-`n- p- -Xns\ Ipdn- p ]T-\-߃ \S- p-h-cn-i-bm-wv. Hm^o-kp-I-fnepw a pw IpSn-sh w hnxcww snøp- - kzm{ib ] Xn F \nebn sndnb kwl-߃ v Bcw-`n- m-hp _nkn-\-kmwv CXv. CS-Ø-cw, Xmgv hcp-am-\- m v `h-\-hmbv] CS-Øcw, Xmgv hcp-am-\- m v Ffp- -Øn `h\ hmbv] e`yam- pi F e y-tøm-ss-bmwv apøq v luknwkv ^n\m kv Iº\n enan- Uv Bcw-`n- -Xv. kaq-l-ønse CS-Ø-c- mcpw Xmgv hcpam-\- m-cp-amb P\-hn-`m-K-Øn\v _m p-i-fn \n pw `h-\-hmbv] e`n- p- -Xn\v Ht sd _p n-ap- p-iƒ t\cn-ts n hcp- p-sh- ncns Cu taj-e-bnse _nkn-\kv km[y- X-Iƒ Xncn- -dn- mwv ]pxnb Iº-\n v XpS- -an- -Xv. alm-cm-{, KpP-dm-Øv, a[y-{]-tz-iv, Xangv\m-Sv, I Wm-SIw, DØ {]-tziv F o kwÿm-\-ß-fn kpo-h -{]-h Ø\w \S- Øn-h-cp apøq v luknwkv ^n\m kv tic-f-øn-te v {]h Ø\w hym]n- n- p- Xv Zo L-Ime hf m ] -Xn-bp-am-bm-Wv. {]mcw` L -Øn Fd-Wm-Ipfw, tim -bw, Xriq, timgn-t msv Pn -I-fnse imj-iƒ hgn-bmwv `h-\-hm-bv]-iƒ e`y-am- p-i. ASpØ A v h j-øn-\p- n tic-f-øn 250 timsn cq]-bpss hmbv] \ Ip-IbmWv e yw. {]Xn-amkw 10,000 cq] apx 30,000 cq] hsc hcp-am-\-ap- -h v ÿe-hn-e-bpss 80 ix-am\w hsc IW- m n 3 e w cq] apx 15 e w cq] hsc `h-\-hm-bv]-bmbn \ Ipw. ]c-am-h[n hmbv]m Ime-bfhv 15 h j-am-wv. shdpw Ggv Znh-k-Øn-\p- n hmbv]bv p At]- -I-fn-t Xocp-am- \-sa-spøv hmbv]m hnx-cww \S-Øpw ix-am-\-amwv hm jni ]en-i-\n-c- v. \mj-w luknwkv _m n cpn-ã snbvx Iº-\n-bmb apøq v luknwkv ^n\m kv tzio-b-x-e-øn A v h j- Øn-\p- n 1000 timsn cq]-bpss hmbv] hnx-cww snøpi-bmwv e yam p- -Xv. 350, 400 NXp-c-{i-bSn hnkvxo W-ap tem _P v A m vsa p-iƒ DØ-tc- y-bn km[m-c-w-am-b-xn-\m AhnsS CS-Øcw, Xmgv hcp-am-\- m p `h\ hmbv]m D - -߃ v ani hn]-wn-bp- v. \S p kmº-øni h jw kz W hmbv] Hgn-sI-bp [\-Imcy D - -ßfn-eqsS Bbncw timsn cq]-bpss hmbv]m _nkn-\-kmwv apøq v ]m - {Kq v e y-an-sp- Xv. A v h j-øn\p n F m [\-Imcy tkh-\-ß-fpw \ Ip {Kq v Bbn amdpibmwv e yw. sluvpv Hmlcn s^{_p-hcn

8 Cover Story si.-a-c-hnμv [\-I-Ωn, hym]mc IΩn, Id v A u v IΩn F nh \nb-{ n m\pw hntzi \nt -]-Øn\v A\p-Iq-e-amb kml-ncyw krjvsn- m\pw th ]cn-jvi-cw \S-]-Sn-Iƒ kzoi-cn- p-i, 2014se temivk`m sxc-s -Sp v ap n I v P\-{]nb ] -Xn-Iƒ {]Jym-]n- pi ti{μ-_-p- n Cu c v e y-ßfpw Hcp t]mse t\sn-sb-sp- pi F -XmWv NnZw-_cw t\cn-sp sh p-hnfn. a tam-l knw-kn\p tijw C y I [\-Imcy a{ n-amcn kmº-øni ]cn-jvic-w-ß-fpss G hpw i \mb h mhmwv ]n.-nn-zw-_-cw. C y Hmlcn hn]wn AXns Ncn-{X-Ønse G hpw i -amb IpXn v \S-Øn-bXv NnZw-_cw [\-Im-cy-a- { n-bm-bn-cp Ime-b-f-hn-em-Wv. {]Ya bp]nf k m-cns Iogn C y-bpss kmº-øni hf ]pxnb Db-c-ß-fn-se- Øn-b-t mƒ [\-Im-cy-a{ n F \ne-bn NnZw-_cØn\pw ssib-sn In n. ]cn-jvicw \b-ß-fpss i -\mb h mhv F \ne-bn NnZw-_-c-Øns \ne-]mspiƒ hn]-wnsb XpW- p- -Xm-bn-cp- p. AXpsIm- p-x-s, 2008 \hw-_-dnse apwss_ Xo{h-hmZn B{I-a-WsØ XpS v B`y- c-a{ n ÿm\w Gs -Sp- pibpw c mw bp]nf k m A[n-Im-c-Øn-se-ØnbXn\p tijw B ÿm\øv XpS-cp-Ibpw snbvx NnZw-_cw \mev h j-øn\p tijw XncnsI -In- nb [\-Im-cy-a{ n ]Z-Øn-encp- p-sim v Ah-X-cn- n- p _P- n\v hn]-wnsb kw_- n- n-s-tømfw {]m[m-\yta-sd-bm-wv. hn]-wn-bpss {]Xo- -Iƒ v tbmpn coxn-bn-ep {]h Ø-\-ß-fmWv CXp-hsc NnZw-_cw ImgvN sh -Xv. aq v h j-ambn bp]nf k m \nc- cw am n-sh kmº-øni ]cn-jvi-c-w-߃ {]Jym-]n- s p XpS-ßn-bXv cmjv{s-]-xn ]Z-hn-bn-te- p "s{]mtam-jt\m'ss {]W_v apj Pn ÿm\-sam-gn- -t mƒ ]Icw NnZw-_cw [\-Imcya{ n-bmbn FØn-b-Xn\p tij-am- Wv. AXp-sIm p Xs bp]nf k mcns Ign -\mev _P- p-i-ƒ Ah-X-cn- n- -s - Xn \n v hyxy-kvx-amb ] m- Ø-e-Øn-emWv NnZw-_cw ]pxnb _P pamsb-øp- -Xv. 2008\v tijw BZy-ambn NnZw-_cw Ah- X-cn- n- p _P- n Hmlcn hn]-wn pw hymh-km-bni temi-øn\pw {]Xo- -I-tfsd-bp- v. AtX kabw ]cn-jvi-cwßfpss h m-hmb NnZw-_cØn\v ]n n si p- ]m-sp-iƒ Ht -sd-bp v F XmWv -adp-hiw temivk`m sxc-s -Sp v \S- m-\ncn p kml-n-cy-øn an -hmdpw c mw bp]nf k m-cns Ah-km-\sØ ]q W _P- m-bn-cn pw CsX ncns thm v _m v cmjv{so-b-øns `mk-ambn P\- {]nb \S-]-Sn-Iƒ v ap Xq w \ Im 8 sluvpv Hmlcn s^{_p-hcn 2013

9 bp]nf \n _- n-x-am-wv. AP- -bnse C\߃ NnZw-_-c-Øns AP- -bnse H masø C\w [\-IΩn \nb-{ n- pi F - Xm-Wv. C m-cy-ønep Xs \n -b- Zm Vyw CXn-\Iw NnZw-_cw hy -am- nbn- p- v. ""hntzi \nt -]sø _m[n- psa- -Xn-\m [\-IΩn \nb-{ -Wm-[o-\-am- Ip- Xv Hcp X-c-Ønepw A\p-h-Zn- m-\m- In. [\-IΩn h [n- p-i-bm-sw- n ]Ws -cp w Ipd-bv m-\p-am-in-. \S pkmº- ØnI h jw [\-I-Ωn samø B`y- c D m-z-\-øns 5.3 ix-am\tø mƒ IqSns v Dd- p-h-cp-ø-w-sa v k mcnse kl-{]-h Ø-I-tcmSv Rm Bh-iys - n- p- v.'' _P- p-iƒ v apt m-sn-bmbn hnfn- p-tn Ø kwÿm\ [\-a-{ n-am-cpss tbmk-øn NnZw-_cw Xs \n -b-zm Vyw hy -am- n-bxv Cß-s\-bm-Wv [\-I-Ωn samø B`y- c D m-z- \-Øns 4.8 ix-am\ambpw aq v ix-am-\-ambpw Ipd-bv pi F tdmuvam- n k m Dd- p-\n pi-bm-sw v NnZw-_cw hy -am- n. ]cn-jvi-cw \S-]-Sn-I-ƒ Hcp \ncbmbn {]Jym-]n- -s - -Xn\p tijhpw td nwkv GP kn-ifpss Uu t{k-unwkv `oj-wn \ne-\n p kml-n-cy-øn [\-I-Ωn, hym]mc IΩn, Id v A u v IΩn F nh \nb-{ n m\pw hntzi \nt -]- Øn\v A\p-Iq-e-amb kml-ncyw krjvsn- m\pw cmpyøns kmº-øni hf sa -s -Sp-Øm\pw th \S-]-Sn-I-ƒ XpS pw k m kzoi-cn-t - n-bncn p p. _P- ns\ hne-bn-cpønbmipw t{kunwkv kw_- n v Xocp-am-\-sa-Sp- pi F v ^n v t]mep td nwkv GP kn- Iƒ hy -am- p kml-n-cy-øn NnZw- _cøn\v AS-ßn-bn-cn- m-\m-in F - XmWv hmkvx-hw. ]t P\-{]nb \o ߃ p kω Zw IqSn \ne-\n s NnZw-_-cw F "]cn-jv Ømhn'\v F{XtØmfw apt m- p-t]m-im-\m-hp-sa- -XmWv tnmzyw. kω ±ßƒ p hnt[-b-ambn P\{]nb \S-]-Sn-Iƒ {]Jym-]n- m apºpw NnZw-_cw \n _- n-x-\m-bn- p- v B-Zyambn tziob sxmgn-ep-d p ] Xn {]Jym-]n- Xpw XpS- -Øn 150 Pn -I-fn \S- n-em- 2008\v tijw BZy-ambn ]n.nnzw-_cw Ah-X-cn- n- p ti{μ_p- n Hmlcn hn]wn pw hymh-km-bni temi-øn\pw {]Xo- -I-tfsd-bp- v. AtX kabw ]cnjvi-cwßfpss h mhmb NnZw-_cØn\v ]n n si p-]m-sp-iƒ Ht -sd-bp v F XmWv -adp-hiw. nb ] Xn 2008se _P n 593 Pn -Ifn-te v hym]n- n- Xpw NnZw-_-c-am-Wv. temivk`m sxc-s -Sp- n\v Hcp h jw tijns ,000 timsn cq]-bpss Im jni hmbv] Fgp-Xn-Ø- m\p {]Jym-]\w \S-Øn-bXpw NnZw-_cw Xs. B h jsø _P- n Xs -bmwv ti{μk m Poh-\- m p Bdmw iºf IΩo-j ip]m i-iƒ \S- n-em- n-s m v k m-cn\v 47,500 timsn cq]-bpss A[n- I-_m-[yX hcp-øn-sh- -Xv. Ah-iy-k-μ `-ß-fn P\{]nbs tdmfpw FSp-Ø-Wn-bp [\-a-{ n-bmwv NnZw-_csa v At±-l-Øns Cu ap Ncn- {X-Øn \n v hy -am-wv. AXp-sIm- p- X C pdn NnZw-_cw Ah-X-cn- n- p- _P- v ]cn-jvi-c-w-߃ v ap Xq w \ Ip- -Xm-Ip-tam, AX P\{]nb _P v Bbn-cn- ptam F tnmzyw Ah-ti-jn- p- p. ]cn-jvi-c-w-߃ pw P\-{]nb \S- ]-Sn-Iƒ p-an-s-bn ka-xp-e\w ]men- p Hcp _P- n-\p km[y-xbmwv hnz-kv[ IqSp-X-embn ImWp- -Xv. FÆ hm-xi hne kw_- n ]pxnb \bw {]Jym-]n- t m ƒ k m-cns Cu ka-xp-e\w \mw I - Xm-Wv. k_vknun sh n- p-d- m\mbn Uok hne F m amkhpw 50 ss]k hsc Db Øm FÆ Iº-\n-Iƒ v A\paXn \ Inb k m Xs -bmwv P\- ß-fpsS {]Xn-tj-[-߃ v HSp-hn k_v kn-un-tbmss \ Ip Kymkv knen- -dp- I-fpsS FÆw H ]Xv B n Db Øn-b- Xv. ]cn-jvi-c-w-߃s m w P\-{]nb \S- ]-Sn-Iƒ pw {]m[m\yw \ Ip kao-]\w _P- nepw kzoi-cn- m-\p km[y-x-tb-sdbm-wv. ]q W-ambpw P\-{]n-b-am-btXm ]q W-ambpw ]cn-jvi-cw ti{μn-x-tam Bb Hcp _P v Bcpw {]Xo- n- p- n-. AtX kabw NnZw-_cw IqSp-X {]m[m\yw \ Ip- Xv CXn GXn-\m-bn-cn pw F XmWv \n Wm-b-Iw. NnZw-_-c-Øns DØ-c-hm-Zn-Ø-߃ Hcp `mkøv P\-{]nb ] -Xn-Iƒ {]Jym-]n- p-i-bm-sw- n t]mepw Hgn- p- Iq-Sm-\m-ImØ Nne DØ-c-hm-Zn-Ø-߃ adp- `m-køv NnZw-_-c-Øn\v \nd-th-t - -Xp- v. Id v A u v IΩn \nb-{ n- pi F - XmWv CXn BZy-tØ-Xv. _P- n\v apºp Xs Id v A u v IΩn \nb-{ n- m-\p \o w NnZw-_cw Bcw-`n p Ign- p. C y-bpss Id v A u v IΩn h [n- p- -Xn Hcp {][m\ LS-I-amb kz W Cd- p-axn Ipd- p- -Xn-\mbn kz W-Øns Cd- p-axn Xocph \mev ix-am-\-øn \n pw Bdv ix-am\ambmwv [\-Imcy a{ m-ebw h [n- n Xv. Ign _P- n kz W- Øns Cd- p-axn Xocph c v ix-am-\- Øn \n pw \mev ix-am\ambn h [n- n- -Xn\p XpS -bmwv Cu \S-]-Sn. [\-IΩn \nb-{ n- p- -Xn\pw IqSp-X Du Pn-X-amb \S-]-Sn-Iƒ NnZw-_cw kzoicn- p-sa- mwv {]Xo- n- -s -Sp- -Xv. ASpØ kmº-øni h jw [\-IΩn samø B`y- c D m-z-\-øns 4.8 ixam\ambn Ipd-bv -W-sa- n k m-cns snehv Ipd-bv pibpw hcp-am\w h [n- n- p-ibpw thww. \nipxnzmb-i pw \nt -]-I pw NnZw-_cw F v \ Ipw? k m-cns hcp-am\w h [n- n- p- - Xn [\-Im-cy-a{ n F \ne-bn \b-x- { - X \nd {it -b-amb \o -߃ ap Im-e-ß-fn NnZw-_cw \SØnbn- p- v. 1997se tzh-kuu k m-cn [\-Im-cy-a- { n-bm-bn-cp NnZw-_cw hcp-am\w h [n- n- m-\mbn hy n-i-fp-ssbpw Iº-\nI- -fp- sluvpv Hmlcn s^{_p-hcn

10 Cover Story _P v hnhn[ taj-e-isf Fßs\ _m[n pw? sluvpv dnk v sukviv -sx- n ASn-ÿm\ kuicy hni-k-\- Øn-\p ^ v Is -Øp- -Xn-\mbn Zo L- Ime \nt ] ] -Xn-Iƒ {]Jym-]n- -s t - pw. ASn-ÿm\ kuicy hni-k-\-øn\v kmº-øni ]n pw \ Ip- -Xn _m p- I-fp-sSbpw [\-Imcy ÿm]-\-ß-fp-ssbpw h InS _m nwkv CXc [\-Imcy ÿm]-\- ß-fp-sSbpw ] m-fnøw h [n- n- m t]m \S-]-Sn-Iƒ k m kzoi-cn-t - pw. ]cn-jvi-cw \S-]-Sn-Iƒ v IqSp-X Du \ Ip _P- mwv k m {]Jym-]n- p- -sx- n ASn-ÿm\ kuicy hni-k-\- Øn-\mbp [\-k-am-l-cwøn\mbn C jp-d kv, s] j taj-e-i-fpss ] mfnøw Dd- p-h-cpøp Xn-\mbn Cu taj-e- I-fn ]cn-jvi-cw \S-]-Sn-Iƒ sim p-h- t - pw. P\-{]nb _P- m-sw- n C jp-d kv, s] j taj-e-i-fnse ]cnjvi-c-w-߃ ho pw am n-sh- -s -t - pw. ]cn-jvi-cw߃ v Du \ Ip _P- msw n thyma-bm-\w, B tcmky ]cn-c-, ssen-timw, hnzym-`ymk taj-e-i-ƒ v C {^m-kv{s-ivn ]Zhn \ IpIbpw C {^m-kv{s-ivn Iº-\n- I-sfbpw {]txyi kmº-øni taj-e-i-sfbpw an\naw Bƒ t\- ohv SmIvkns ]cn-[n-bn \n v Hgn-hm- pibpw snbvtx- pw. P\-{]nb _P- m-sw- n Cu \S-]-Sn-Iƒ D m-tb- n-. P\-{]nb _P- msw n A Sn-ÿm\ kuicy hni-k-\-øn- \p snehv sh n- p-d-bv -s - Sp-Ibpw CXv ]h, Im n- KpUvkv taj-e-isf {]Xn-Iq-eambn _m[n- p-ibpw snøpw. Im jni taj-e v Du \ Ip _P mwv Ah-X-cn- n- -s -Sp- -sx- n bqdn-bbpss hne h [n- m klmb-i-amb \S-]-Sn-Iƒ D m-im-\n- S-bn F n-cns AXv hfw Iº-\n-Isf {]Xn-Iq-e-ambn _m[n- pw. em v _n, ssa\nwkv _n F nh ]m e-sa ns _P v ktω-f- \-Øn ]mkm- m k m {ian-t - pw. ssa\nwkv _n ]mkm- p- Xv sa, ssa\nwkv Iº-\n-I-sfbpw em v _n ]mkm- p- Xv C {^m-kv{s-ivn, dnb Ftà v Iº-\n-I-sfbpw {]Xn-Iqe-ambn _m[n- pw. ssbpw \nipxn \nc v Ipd m\p [ocamb Xocp-am-\w ssisim- -Xv DZm-l-cWw. ]m mxy cmpy-ß-fpss amxri ]n p-s v C y-bnepw \nipxn \nc v h [n- n- -Wsa Bhiyw i -am-bn-cp- -t mƒ ]cam-h[n -\n-ipxn \nc v hy n-i-ƒ v 30 ix-am-\-ambpw Iº-\n-I-ƒ v 35 ix-am-\- ambpw Ipd- pi-bmwv NnZw-_cw snbvx-xv. \nipxn \nc v Ipd- p- Xv \nip-xn-sbm-sp- m-\p t{]cw h [n- n- p-ibpw AXphgn \nip-xn-bn-\-øn-ep hcp-am\w h [n- pibpw snøp-sa NnZw-_-c-Øns IW p-iq- bmym y-ambn. \nipxn \nc v Ipd- p- -Xn\v apºp kmº-øni h j-øn ( ) k m-cns samøw \nipxn hcp-am-\-øns 14 ix-am-\-am-bncp p hy n-kx BZmb \nip-xn CXv 18.5 ix-am-\-ambn h [n- p. H n-tesd XhW am n-sh- -s UbdIvSv SmIvkv timuv \S- n-em- m NnZw- _cw Xbm-dm-Iptam? Ub-dIvSv SmIvkv 10 sluvpv Hmlcn s^{_p-hcn 2013 k m-cns hcp-am\w h [n- n- p- -Xn [\-Imcy-a{ n F \ne-bn \b- X-{ - X \nd \o ߃ ap Im-e-ß-fn NnZw- _cw \SØnbn- p- v. Ahiy-k-μ `-ß-fn At±lw thm v _m v cm{ o-b-øn s `mk-ambn P\-{]n-b ] -Xn-I-ƒ {]Jym-]n- p. timuv \S- n-em- s -Sp-I-bm-sW- n \nehn-ep hyh-ÿ-i-fn Fs ms am - ߃ hcp-øm NnZw-_cw Xbm-dm-Ip-sa pw \nip-xn-zm-b-i D p-t\m- p- p. hcp-am\w P\{]nb _P- mwv NnZw-_cw {]Jym- ]n- p- -sx- n ASn-ÿm\ kuicy hni-k-\-øn-\p snehv Ipd- p-ibpw Im jni taje v IqSp-X {]m[m\yw \ Ip-Ibpw snbvtx- pw teXp t]mse Im jni hmbv] Fgp-Xn-Ø- p- Xc-Øn-ep \S-]-Sn-Iƒ D m-ip-ibm-sw- n AXv s]mxp-ta-jem _m p- Iƒ v tzmj-i-c-am-ipw. Im jni hmbv] Fgp-Xn-Ø- p- Xp t]m ep \S-]-Sn-Iƒ v 25 ix-am\w km[yx am{x-ta-bp- q-sh- nepw P\-{]nbamb a v {]Jym-]-\-ßfpw s]mxp-ta-jem _m p-iƒ v tzm j-i-c-ambn `hn- pw. DZm-l-c-W- Øn\v kmºøni Dƒs -Sp-Ø, {]tbm-dn n skivs-dp-iƒ p hmbv] F n-h v Du \ Ip-I-bm-sW- n AXv s]mxp-ta-jem _m p-ifpss em`- -a-x-bv pw _nkn-\kv tamuen\pw _m[y-x-bmbn amdpw. P\-{]nb _P v {]Jym-]n- s -Sp-Ibpw D - -ß-fpsS hne ]cn-an-x-s -Sp-Øm k m-cns `mkøv \n v \o -ap- m-ip- Ibpw snøp-i-bm-sw- n AXv Ão, kna v Iº-\n-Iƒ pw tzmj-i-cam-ipw. Im jn-itaje v KpW-I-c-amb {]Jym-]-\-߃ D m-ip-i-bm-sw- n AXns KpW-^ew A\p-`-hn- p taj-e-i-fn-sem v ]cpøn hyh-kmbw Bbn-cn- pw. ]cn-jvi-cw߃ v Du \ Ip _P- mwv Ah-X-cn- n- -s -Sph [n- n- p- -Xn-\mbn k m AXn-k- º v IqSp-X \nipxn G s -Sp-Øm apxn t - p-sa v dnt m p-i-fp- v. \nipxn \nc- p-iƒ Ipd- p- -Xn\v XpS- -an NnZ-_wcw AXn\v Xbm-dm-Iptam F XmWv {]k- -amb tnmzyw. \nipxn \nc- p-iƒ Ipd- -t mgpw skkv, k Nm Pv XpS-ßn-b-h-bn-eqsS k m-cn\v A[nI hcpam\w Is -Øp- -Xn NnZw-_cw ap Ime _P- p-ifn {]txyi {i Im ncp p. \nt -]-I v A\p-Iq-e-amb \S-]-Sn- Iƒ ap Im-e-ß-fn NnZw-_cw kzoi-cn- n- p- v Zo L-Ime aqe-[\ t\ \nipxn \o w snøp-ibpw {lkz-ime aqe- [\ t\ \nipxn 10 ix-am-\-ambn Ipd- p-ibpw snbvxxv NnZw-_-c-am-bn-cp- p. Zo L-Ime aqe-[\ t\ Øn\pw {lkz- Ime aqe-[\ t\ Øn\pw Htc \nc- n \nipxn \S- n-em- pi F -XmWv Ub-dIvSv SmIvkv timunse \n tziw.

11 sluvpv Hmlcn s^{_p-hcn

12 - Focus Cd- p-axn Xocph h [n- n- Xp aqew kz W D]-t`mKw Ipd-bptam? kz W-Øns Cd- p-axn Ipd-bv pi F e y-tømss kz W Cd- p-a-xn- p Xocph h [n- n- k mcns \S-]Sn ^e-{]zamiptam F tnmzyw {]k- -am-wv. C ybn-te v Cd- p-axn snøp km[- \-ß-fp-sSbpw tkh-\-ß-fp-ssbpw aqeyw C y-bn \n v Ib- p-axn snøp km[- \-ß-fp-sSbpw tkh-\-ß-fp-ssbpw aqeytø mƒ IqSp-X-em-Wv. Id v A u v IΩn F Cu ÿnxn-hn-tijw IqSp-X cq am-ip- -XmWv k m-cns\ Ae- p {][m \ {]iv\-ß-fn-sem- v. samø B`y- c D m-z-\-øns 5.4 ix-am-\-øn-seøn \n p Id v A u v IΩnsb \nb- { n- m am K-߃ txsp-i-bmwv ti{μ k m. C y-bpss Id v A u v IΩn IqSp- -Xns Hcp {][m\ ImcWw kz W Cd- p-a-xnbnse h [-\-bm-wv. C y-bnse kz W-Øns D]-t`mKw IqSp- -Xn\v A\pk-cn v Id v A u v IΩnbpw h [n- p- p. C y-bn-te- p kz W-Øns A -C-d- p-axn Id v A u v IΩn-bpsS 60 ix-am-\-tømfw hcpw. \ne-hn C ybn-te- p Cd- p-a-xn-bpss aqey-øns 12 ix-am-\hpw kz Ww Cd- p-axn snøm- \mwv sne-hn-sp- -Xv. Id v A u v IΩn Ipd-bv -W-sa- n kz W-Øns Cd- p-axn Ipd-b-W-sa v Npcp- w. Cu ] m- ØeØn-emWv kz W-Øns Unam v anxs -Sp-Øntb axn-bm-iq-sh [\-a{ n ]n.- Nn-Zw-_-c-Øns Bap-J-tØmsS kz W- Øns Cd- p-axn Xocph Bdv ix-am-\- Ign Hcp Zi-I-Øn-\nsS kz WØns hne IpXn- p-b -t mƒ kz W-Øn s D]-t`mKw h [n- p-ibmwv snbvx-xv. P\-ß-fp ss hcp-am\w Hcp ix-am\w h [n- p-tºmƒ kz W Øns Unam n H c ix-am\w h [-\-bm-wv D m-ip- -sx v dnk hv _m v Nq n- m- p- p. ambn h [n- - n- - -Xv. Ign Hcp h j-øn-\nss kz W- Øns Cd- p-axn Xocp-h-bn henb h [- \-bm-wp- m-b-xv. 10 {Kmw kz W-Øn\v 300 cq]-bm-bn-cp p t\c-sø-bp Cd- p-axn Xocp-h P\p-h-cn-bn ix-am-\- Øn IqSp-X ]cn-ip- n-bp kz W- Øn\v c v ix-am\w,- ]cnip n Ipd kz W-Øn\v A v i-x-am\w F \nebnte v Cd- p-axn Xocph h [n- n- p. CXv ]n osv _P- n bym-{i-aw \mev ix-am-\- ambpw 10 ix-am-\-ambpw h [n- n- p. AXpsIm-s m pw kz W-Øns D]-t`mKw Ipd- n P\p-h-cn-bn Xocph ho pw h [n- n- Xn-eqsS kz W-Øns Cd- p-axn Ipd-bv m km[n- p-sa- mwv k m-cns A\p-am-\w. sxmæq-dp-i-fpss BZy-Øn kmºøn I ]cn-jvi-cw \S-]-Sn-Iƒ \S- n-em- ptºmƒ kz W-Øns I - -SØv \nb- { n-t Bh-iy-I-Xsb Ipdn v A sø [\-a-{ n-bm-bn-cp a tam-l knwkv Nq n- m- n-bn-cp- p. kz W-Øns Cd- paxn kpk-a-am- p-i-bmwv A v snbvx-sx- n c v Zi-I-Øn\p tijw Xocph Iq n Cd- p-axn \nb-{ n- m\mwv C sø [\- -a{ n {ian- p- -Xv. kz W-Øns Cd- p-axn Xocph h [n- n- Xn\p tijw kz W-Øns hnebn {]Xo- n h [\hv D m-bn- n. tumf- -dn-s\-xnsc cq]-bpss aqeyw i -amsw- XmWv Imc-Ww. hne C\n Db mepw hne Db-cp- Xv Unam v Ipd-bv psa ASn-ÿm-\-bp n kz W-Øns Imcy-Øn F{X-tØmfw {]mtbm-kn-i-am Ipw? hnhm-l-th-f-i-fn aqey-øn\p ]Icw Af-hns ASn-ÿm-\-Øn- kz Ww hmßp-i F -XmWv \ΩpsS ioew. \ΩpsS ]c-º-cm-kx ioe-ß-fpss `mk-am-bmwv kz W-Øns D]-t`mKw h [n- p- -Xv 12 sluvpv Hmlcn s^{_p-hcn 2013

13 F Xp sim p Xs kz W-Øns hne Dbcptºmƒ kz W-Øns D]-t`mKw Ipdbp ]Xn-hn-. Ign Hcp Zi-I-Øn-\nsS kz W hne IpXn- p-b -t mƒ kz W- Øns D]-t`mKw h [n- p-i-bmwv snbvx- Xv. P\-ß-fpsS hcp-am-\-h [-\hpw kz W- Øns D]-t`mKw h [n- n- p- p. P\-ßfpsS hcp-am\w Hcp ix-am\w h [n- ptºmƒ kz W-Øns Unam n H c ixam\w h [-\-bm-wp- m-ip- -sx v dnk hv _m v Nq n- m- p- p. kz W-Øns Cd- p-axn Xocph h [n- n- Xv aqew I - -S-Øv h [n- psa Bi i -ambn \ne-\n p- p- v. Hcp Intem{Kmw kz W _m Cd- p-axn snøptºmƒ 1,85,063 timsn cq]-bmwv \ne-hn \ ti Xocph. tkmƒuv CSn-F-^p-Iƒ v KpW-Icw tkmƒuv FIvkvtN v t{suuv ^ p- Ifn (C-Sn-F-^v)se kz WtiJc-Øns Hcp ] v _m p-i-fn \nt -]n- m- [\- Im-cy-a-{ m-ebw A\p-aXn \ In-bXv CSn- F-^p-Iƒ v KpW-I-c-am-Wv. \ne-hn Nm Pv \ In thmƒ p-i-fn-emwv CSn-F-^p- I-fpsS kz W-ti-Jcw kq n- p- -Xv. _m p-i-fn \nt -]n- m km[n- p- txmss tkmƒuv CSn-F-^p-Iƒ thmƒ p- Ifn kz Ww kq n- p- -Xn-\mbn \ Ip Nm Pv Ipd-bv m km[n- pw. kz W A\p_ nx \nt ] am K-ß-fn \nt -]-I p Xm cyw h [n- m CXv klm-b-i-am-ip-sa- mwv ayqnz ^ v hrø-߃ Nq n- m- p- -Xv. CSn-F-^p-IfpsS ssih-i-ap kz Ww _m p-i-fn-se- Øp- -txmss hn]-wn-bnse kz W-Øns e`yx h [n- p-sa- -XmWv as mcp t\ w. kz W-Øns D]-t`mKw F p-sim v h [n- - p p? kz W-Øns D]-t`mKw h [n- p- Xv kº-zvhy-h-ÿ v KpW-I-c-a-s v ]d-bp- -Xn\v \nc-h[n Imc-W-ß-fp- v. kz Ww krjvsn-]-c-amb {]hr-øn-iƒ v D]-tbm-Kn- -s -Sp- n F -XmWv H m-a-tø-xv. D m-z-\- -a-a- mø BkvXn-bmWv kz Ww. Hcp \nt -]-I Hml-cntbm t_m t m hmßp-tºmƒ Abmƒ AXn-\mbn sne-hnsp ]Ww Hcp Iº-\n-bpsS {]h Ø-\-߃ p th n-bmwv hn\n-tbm-kn- s -Sp- -Xv. F m kz Ww hmßn Aeam-c-bntem _m v tem -dntem Uoam v A u- ntem kq n- p-tºmƒ AXv krjvsn-]-c-amb bmsxmcp {]h Ø-\-ß-fpsSbpw `mk-am-ip- n-. kz W-Øns hne IpXn- p-b-cp-ibpw tkmƒuv timbv\p-i-fnepw tkmƒuv CSn-F- ^p-iƒ t]mep \qx\ ] -Xn-I-fnepw \nt -]n- -s -Sp ]WØns Afhv h [n- p-ibpw snøp-tºmgpw an kmº- ØnI hnz-kv[cpw ^n\m jy πm\ amcpw ]d-bp- Xv At m ]tøm ix-am- \-Øn IqSp-X kz W-Øn \nt -]n- -cp-sx m-wv. D m-z-\- -a-a- mø ]n.-nn-zw-_cw: Id v A u v IΩn \nb-{ n pi F e y-øn-se-øm- \mwv [\-a-{ n-bpss \o w BkvXn F \ne-bn kz Ww Hcp {][m \ \nt ] am K-ambn ]cn-k-wn-t - - Xn F \nco- WamWv Ah-cn an hcpw ] p-sh- p- -Xv. F n pw tkmƒuv timbv\p-i-fn-eq-ssbpw CSn-F-^p-I-fn-eq-sS bpap \nt -]w h [n- p- p D]-t`mKw snø-s kz W-Øns 26 ixam\w am{x-am-bn-cp p \nt -]w F \nebn hmßn-bxv AXv 37 ix-am-\- ambn Db p. C y-bn I - Ww G hpw IqSp-X \nt -]n- -s -Sp- Xv dnb FtÃ- nepw kz W-Øn-ep-am-Wv. AXp-t]mse G hpw IqSp-X \nipxn sh n- -s -Sp- Xpw Cu \nt ] am K-ß-fn-em-Wv. dnb Ftà v CS-]m-Sp-I-fn tcj-i-fn hne Ipd v ImWn- v \nipxn Ipd-bv p-i-bmwv snøp- -sx- n `uxni cq]-øn-ep kz W- CS-]m-Sp-Iƒ v \nipxn \ Ip-Itb sntø- -Xn F -XmWv kui-cyw. `uxn-i-cq-]-øn-ep kz Ww \nt ]w \S-Øn-b-Xn\p tijw aq v h j-øn\p apºv hn p-i-bm-sw- n \nt -]-Is \nipxn m_v A\p-k-cn- p \nip-xn kz Ww hn p-tºmƒ In p em`-øn-\p \nipxn sh n- m Ffp- -am-wv. kz W-Øn-\p Unam v h [n- p- -Xn\p Imc-W-am- Ip A\m-tcm-Ky-I-c-amb CØcw LS-I-ß-sf- C m- Xm- m k m Bflm X ImWn- p n F -XmWv hmkvx-hw. \ I-W-sa pw aq v h j-øn\p tijamwv hn p- -sx- n em`-øns 10 -i- X-am-\tam timãv C ^vtf-j C UIvkv A\p-k-cn v t\csø \S-Ønb \nt -]- Øns Ct mgsø aqeyw IW- m- p Ibpw B aqey-tø- mƒ IqSp-X-emWv e`n- -sx- n A[n-I-ambn e`n XpI-bpsS 20 ix-am\tam CXn GXmWv Ipd- Xv AXv \nipxnbmbn \ IW-sa- p-amwv hyh-ÿ. F m F{X t] CØ-c-Øn \nipxn IW- m n BZm-b-\n-IpXn hip- n\v aqe-[\ t\ \nipxn \ Ip p? Hcp hy n-bpss ssihiw F{X `qanbp-s v Hcp ]t Ab - - m-ct\m a v \m p-im t m Hs Adn-bm km[nt - pw. ]t Abm-fpsS ssibn F{X kz W-ap-s v Ah v Hcp Xn -hp-ap- m- In-. ssih-i-ap `qan hn p-tºmƒ hne Ipd p ImWn v aqe-[\ t\ \nipxn em`n- m Ign-t - p-sa- nepw AXv CS- ]msv tcj-i-fn \n v ad- p-sh mt\m \nipxn ]q W-ambpw sh n- mt\m km[ya-. AtX kabw kz Ww hn ptºmƒ e`n em`-øn-\p \nipxn B pw Ffp w sh n- mw. Hcm-fpsS ssibn `uxn-i-cq-]-øn-ep kz Ww F{X-bps v Adn-bm C v bmsxmcp am K-hpan-. Abmƒ kz Ww hmßp- Xv tcj-ifn kq n- mt\m hn p-tºmƒ \nipxn tcj-s -Sp-Ømt\m C v bmsxmcp \n_- - \-I-fp-an-. Pz -dn-bn \n v kz Ww hmßptºmƒ IS- m-c \ Ip _n v am{x-am Wv CS-]m-Sn\p tcj. hn p-tºmgp hnetbm em`tam Fhn-sSbpw tcj-s -Sp-Øp- p-an-. k m-cns Bflm X F{X-tØmfw? kz W-Øns D]-t`mKw Ipd-bv m \ne-hn-ep \nipxn hyh-ÿ-bnse hn ep-iƒ AS-bv m IqSn k m {i nt - -Xp- v. Ign _P- n kz W CS- ]m-sp-iƒ v t{kmx-kn \n v \nipxn CuSm- m-\p \n tziw Cu Zni-bn-ep- - Xm-bn-cp-s - nepw AXpw th {X ^e-{]- Z-a-. c v e w cq]bn IqSp-X hne hcp kz W CS-]m-Sp-Iƒ v Hcp ixam\w \nipxn t{kmx-kn \n v CuSm- n-bn-cn- -W-sa- m-bn-cp p _P v \n tziw. kz W hym]m-cn-i-fn \n p kω Zw i -am-b-t mƒ SnUn-Fkv _m[-i-amb kz W CS-]m-Sns ]cn[n c v e w cq] bn \n v A v e w cq]-bmbn Db Øn. F m A v e w cq]-bn Xmsgbp ]e CS-]m-Sp-I-fmbn kz Ww hmßnbm \nipxn _m[-i-a- m-ø-xn-\m \n IpXn sh n v \n _m[w XpS-cm-\p km l-ncyw \ne-\n p-i-bm-wv. kz W-Øn-\p Unam v h [n- p- - Xn\p hgn-sh p A\m-tcm-Ky-I-c-amb L S-I-ß-sf- C m-xm- m k m th {X Bflm X ImWn- p- n. AXn\p ]Icw Cd- p-axn Xocph h [n- n Xv cmpy Øv kz W- I - -SØv h [n- p- -Xn-\p kml-ncyamwv krjvsn- ncn- p -Xv. sluvpv Hmlcn s^{_p-hcn

14 Q&A tnmzy߃ v adp]sn Hmlcn \nt ]w kw_- n hmb-\- m-cpss kwi-b-߃ v sluvpv CIzn- okv No^v FIvkn-Iyq- ohv Hm^o-k F.-`p-h-t\-{μ adp-]sn \ Ip p tnm: Rm CubnsSbmWv Hmlcn \nt ]w Bcw-`n- -Xv. Ign HmK-Ãn Im\d _m v (hm-ßnb icm-icn hne 370 cq]), sk qdn ssivssã kv (icm-icn hne 283 cq]), Fkv_nsF (icm-icn hne 2125 cq]), H]vt m k Iyq v (icm-icn hne 119 cq]) F o Hml-cn-Iƒ Rm hmßn. BZysØ aq v Hml-cn-I-fn Ct mƒ em`sa-sp- p- Xv DNn-X-am-Iptam? H]vt m k Iyq ns Hml-cn-bn apt w ImWp- n-. cmtp-{μ, Be- pg D: Im\dm _m v, Fkv_nsF, sk qdn ssivssã kv F o Hml-cn-I-fn `mkn- I-ambn em`-sa-sp- m-hp- -Xm-Wv. H]vt m k Iyq v apt - -ap- m-ip- Xp hsc ssihiw sh p-i. tnm: Rm c v h jw apºv t\mbnu tsmƒ {_nuvpns 2000 Hml-cn-Iƒ 29 cq]bv pw sp]n ]h-dns 2500 Hml-cn-Iƒ 60 cq]bv pw hmßn. Cu Hml-cn-Isf Ipdn p Xm -fpss A`n-{]mbw Adn-bm Xm -cy-ap- v. A_vZpƒ a\-^v, ae- pdw D: sp]n ]h kmt -Xn-I-ambn CSn-hns L -Øn-em-Wv. Hmlcn hne-bn apt - -ap- m-ip-tºmƒ `mkn-i-ambn hn p-i. Cu Hml-cn v 39 cq]-bn i -amb kω Zap- v. t\mbnu tsmƒ {_nuvpv Ct mgsø \ne-bn ssihiw sh m-hp- -Xm-Wv. ]t Cu Hml-cn- v 25 cq]bn i - amb kω Z-ap- v. Hmlcn hne Db-cptºmƒ `mkn-i-ambn hn p-amdn ani Hmlcn-I-fn ]p\ \n-t ]w \S-ØpI. tnm: 6.90 cq] v hmßnb si.-f-kv.-hm-bnens 6000 Hml-cn-Ifpw cq] v hmßnb kpkvtem F\ Pn-bpsS 900 Hml-cn-Ifpw Fs ssih-i-ap- v. Cu Hml-cn-Isf Ipdn p Xm -fpss A`n- {]mbw Adn-bm Xm -cy-ap- v. tpm Pv tpmk^v D: si.-f-kv.-hm-bn-ens Hmlcn Ah-kcw e`n- p-tºmƒ `mkn-i-ambn hn p-am-dp-i. kpkvtem Ct m-gsø \ne-bn ssihiw sh p-i. tnm: Xmsg ]dbp Hml-cn-Iƒ Rm ssihiw sh p- p. v Hmlcn FÆw hmßnb hne (cq]) At mtfm Stbgvkv F &Sn ^n\m kv s]t{sm-s\ v F -F Pn kuøv C y _m v AtimIv sebvem AZm\n F ss{]-k-kv, _nc-fw-f, Sm m Ão, ln Um tim, aw- p-dw F o Hml-cn-Iƒ Zo L-Im-e-tØ v ssihiw sh p-i. dnb Ftà v taj-e-bnse UnF -F-^v, tkmzvsdpv t{]m okv F o Hml-cn-Iƒ \nt -]-Øn\v A\p-tbm-Py-am-Wv. ^nt\m-seivkv ti_vƒkv, Fkv-sIF-kv -ssa-t{im-^n-\m kv, an k C \m-j-w F nh \nt -]-Øn\v ]cn-k-wn- m-hp Hml-cn-I-fm-Wv. 14 sluvpv Hmlcn s^{_p-hcn 2013 CS-Øcw hcp-am-\- m-c-\mb F\n v {]Xnamkw 5000 cq] \nt -]n- p Xc-Øn FkvsF]n Bcw-`n- m Xm -cy-ap- v. A v h j-tø v Fkv-sF]n A\p-kcn v \nt ]w \S-Øm api-fn ]d- ncn- p Hml-cn-Iƒ A\p-tbm-Py-amtWm? lcn-{]-kmzv. B, Xncp-h-\- -]pcw D: kuøv C y _m v `mkn-i-ambn em`sasp pi. a v Hml-cn-Iƒ IqSp-X ani em`w e`n- p- -Xn-\mbn ssihiw sh p-i. Cu Hml-cn-Ifn Fkv-sF]n A\p-k-cn v Zo L-Im-e-tØ v \nt ]w \S-Øm-hp- XmWv. tnm: ]nu-ªyp-un-bn \n v hnc-an ap k m DtZym-K-ÿ-bmWv Rm.

15 sfun-bm sk p-em, s]t{sm-s\ v F -F Pn, {iodmw {Sm kvt]m v, su s\ vh v F o Hml-cn-Iƒ ssihiw sh p-i. Zo L-Im-emSn-ÿm-\-Øn Pn m Ão 680 cq]-bn-te v Dbcm km[y-x-bp- v. 360 cq]-bn-te v CSn-bp-I-bm-sW- n hns mgn-bp Xc-Øn Hmlcn ssihiw sh p-i. awn-am-t gvkv ssihiw sh m-hp- Hml-cn-bm-Wv. Cu Hml-cn v 198 cq]-bn i -amb kω Z-ap- v. s] j XpI-bn \n pw {]Xn-amkw 10,000 cq] hoxw Rm Hml-cn-I-fn Zo L- Im-e-tØ v \nt -]n- m Bcw-`n- n- p- v. \ne-hn Hm nuv sian- kv (FÆw:200, hmßnb hne: cq]), FUptImw]v skmeyq-j kv (FÆw: 119, hmßnb hne:155 cq]), thmƒ mkv (FÆw: 200, hmßnb hne: cq]) F o Hml-cn-IfmWv Fs ssih-i-ap- -Xv. Cu Hml-cn- Isf Ipdn p Xm -fpss A`n-{]mbw Adnbm Xm -cy-ap- v. ^nt\m-seivkv ti_n ƒkv, FkvsI-F-kv- ssa-t{im-^n-\m kv, sff vfkvf, sfb _n C {^, kn n ti_vƒ, an k C \m-j-w F o Hml-cn-Iƒ \nt -]-Øn\v A\p-tbm- Py-amtWm? dnb Ftà v taj-e- Ct mƒ \nt -]-Øn\v A\ptbm-Py-am-sW- n ani GXm\pw dnb Ftà v Hml-cn-Iƒ \n tz-in- m A`ym n- p- p. Fw.-_n.-cm-[, Hm nd D: Hm nuv sian- kv, FUp-tImw]v F nh ani Hml-cn-I-f. thmƒ mkv Zo L-Im-e-tØ v ssihiw sh m-hp- - Xm-Wv. ^nt\m-seivkv ti_nƒkv, FkvsIF-kv -ssa-t{im-^n-\m kv, an k C \mj-w F nh \nt -]-Øn\v ]cn-k-wn- m-hp Hml-cn-I-fm-Wv. a p- h Hgn-hm- p- -XmWv \ -Xv. dnb Ftà v taj-ebnse UnF -F-^v, tkmzvsdpv t{]m okv F o Hml-cn-Iƒ \nt -]-Øn\v ]cn-k-wn- m-hp- -Xm-Wv. tnm: At{Im-]n- ssivt\m-f-po-kv, slivkm-sh-b ssivt\m-f-po-kv, hte F Pn-\o-b-dnw-Kv, sp]n C {^, sfb _n C {^, {Kohvkv tim, FIvsskUv C - kv{so-kv, s]t{sm-s\ v F -F Pn, F Kn FIzn-]vsa v, Hm nuv sian- kv F o Hml-cn-I-fn c v- -aq v h j-tø v \nt ]w \S-Øp- -Xn\v F\n v Xm cy-ap- v. Cu Hml-cn-I-fn \nt ]w \S- Øm-hp hne \ne-hmcw \n tz-in- mtam? i -c Ip n cmpp, Zp_mbv D: At{Im-]n- ssivt\m-f-po-kv, slivkmsh-b ssivt\m-f-po-kv, Hm nuv sian- kv F o Hml-cn-Iƒ Hgn-hm- pi. hte F Pn-\o-b-dnw-Kv 47 cq] pw sp]n C {^ 50 cq] pw sfb _n C {^ 116 cq] pw {Kohvkv tim 77 cq] pw FIvsskUv C -kv{so-kv 126 cq] pw F Kn FIzn-]vsa v 86 cq] pw hmßmhp- -Xm-Wv. s]t{sm-s\ v F -F Pn Ct mgsø hne v `mkn-i-ambn hmßm-hp- -Xm- Wv. tnm: 25 cq] v hmßnb \ocpv kna vkns 10,000 Hml-cn-Ifpw 20 cq] v hmßnb _nsk C {^-bpss 5000 Hmlcn-Ifpw 200 cq] v hmßnb awn-am- k ho-kns 500 Hml-cn-Ifpw Rm ssihiw sh p- p- v. Cu Hml-cn-Isf Ipdn p Xm -fpss A`n-{]mbw Adn-bm Xm -cy-ap- v. _m_p D: \ocpv kna vkpw _nsk C {^bpw ani Hml-cn-I-f-. Ah-kcw In p-tºmƒ Ah hn p-am-dp-i. awn-am-t gvkv ssihiw sh m-hp- -Xm-Wv. Cu Hml-cn v 198 cq]- bn i -amb kω Z-ap- v. tnm: Xmsg ]d-bp Hml-cn-Iƒ Rm ssihiw sh p- p. Hmlcn FÆw hmßnb hne (cq]) ItΩ-gvky F Pn-\o-b-dnwKv & t_mun _n tugvkv F &Sn ^n\m kv Fkv-B -Fkv Sn_n-C-kUv _m v Cu Hml-cn-Isf Ipdn v Xm -fpss \n tzi-߃ {]Xo- n- p- p. tkm]m-e-ir-jvw-]n D: F &Sn ^n\m kpw Sn_n-C-kUpw ssihiw sh m-hp- -Xm-Wv. Fkv-B -Fkv, ItΩ-gvky F Pn-\o-b-dnwKv & t_mun _n tugvkv F o Hml-cn-Iƒ Ah-kcw In p-tºmƒ hn p-am-dp-i. tnm: Xmsg ]d-bp Hml-cn-Iƒ Rm a[y-im-e-tø v ssihiw sh p- p. Cu Hml-cn-Isf Ipdn v Xm -fpss \n tz-i-߃ {]Xo- n- p- p. Hmlcn FÆw hmßnb hne (cq]) AZm\n F ss{]kkv _nc-fw-f Sm m Ão em tim C {^ ln Um tim lnμp-ÿm tim aw- pdw C ym-_pƒkv C {^ & ]h kpkvtem APn-Xv, apwss_ D: AZm\n F ss{]-k-kv, _nc-fw- F, Sm m Ão, ln Um tim, aw- p-dw F o Hml-cn-Iƒ Zo L-Im-etØ v ssihiw sh p-i. em tim C {^bpw C ym-_pƒkv C {^mkv{s- IvN & ]hdpw X m-e-tø v ssihiw sh p-ibpw Hmlcn hne Dbcp-tºmƒ `mkn-i-ambn hns m-gn-bp-ibpw snøp-i. lnμp-ÿm tim dpw Ahkcw e`n- p-tºmƒ hn p-am-dp-i. kpkvtem Ct m-gsø \ne-bn ssihiw sh p-i. tnm: Cu h jw \n^v n 6300 t]mbn nse-øm km[y-x-bp-s v ]e A\-en- Ãp-Ifpw {]h-nn- p- p. CtX Ipdn v Xm -fpss A`n-{]m-b-sa- mwv? sfun-b, s]t{sm-s\- v F -F Pn, shm m Sv, {iodmw {Sm kvt]m v, su s\ vh v F o Hml-cn-Iƒ Rm ssihiw sh p- p- v. Cu Hml-cn-Isf Ipdn p Xm - fpss A`n-{]mbw Adn-bm Xm -cy-ap- v. tii-h-zmkv D: \n^v n 6300 t]mbn n-se-øm km[y- X-bp- v. sfun-b, s]t{sm-s\ v F - F Pn, {iodmw {Sm kvt]m v, su s\ v h v F o Hml-cn-Iƒ ssihiw sh p- I. shm m Sv `mkn-i-ambn em`-sasp p-i. tnm: A_m Hm^vtjm-dns 108 Hml-cn- Iƒ 1338 cq]bv pw Pn m Ãoens 139 Hml-cn-Iƒ cq]bv pw Rm hmßn-bn- p- v. Cu Hml-cn-Isf Ipdn p Xm -fpss A`n-{]mbw Adn-bm Xm cy-ap- v. Pb, kuzn Atd_y D: Zo L-Im-emSn-ÿm-\-Øn Pn m Ão 680 cq]-bn-te v Db-cm km[y-x-bp- v. 360 cq]-bn-te v CSn-bp-I-bm-sW- n hns m-gnbp Xc-Øn Hmlcn ssihiw sh p- I. A_m Hm^vtjm hne Db-cp-tºmƒ hn p-am-dp- -Xmhpw DNn-Xw. tnmzy-߃ Ab-t C -sa-bn hnemkw: editor@hedgeequities.com sluvpv Hmlcn s^{_p-hcn

16 16 sluvpv Hmlcn s^{_p-hcn 2013

17 sluvpv Hmlcn s^{_p-hcn

18 Tax Planning \nipxn Cfhv e`n- p- -Xn-\p ÿnc-h-cp-am\ am K-߃ BZmb \nipxn Cfhv e`y-am- p-ibpw ÿnc-h-cpam\w Dd- m- p-ibpw snøp \nt ] ] -Xn- Iƒ 8.25 ix-am\w apx 9.50 ix-am\w hsc hm jni ]en-i-bmwv \ne-hn- \ Ip- -Xv. \nipxn Cfhv t\ Sp- -Xn-\mbn ]c-ºcm-k-x-amb ÿnc \n t ] am K-ß-fn \nt -]n- m Xm -cy-s -Sp- - h v ] cn-kwn- m-hp hnhn[ Ime-b-f-hn-ep \nt ] ] -Xn-I-fmWv ]ªnIv t{]mhn- U v ^ v apx t]mãv Hm^okv sssw -sut m-kn v hsc. ]ªnIv t{]mhn-u v ^ v (]n]nf-^v) hm jni ]en-i-\n-c v: 8.8 % \nt ] Ime-b-fhv: 15 h jw {]txy-i-x-iƒ: Ign kmº-øni h jw apx Hcp e w cq] hsc-bp ]n]n-f^v \nt -]-Øn\v \nipxn Cfhv A\p-h-Zn- -s - n- p- v. ]n]nf^v \nt ]w XpSßn aq m asø h jw A u- nse XpI-bpsS 25 ix-am\w hsc hmbv]-sb-sp- mhp -Xm-Wv. Bdv h jw ]q Øn-bm-bm 50 ix-am\w hsc `mkn-i-ambn ]n h-en- m-\p kuicy-hp-ap- v. Fwtπm-bokv t{]mhn-u v ^ v (C]nF-^v) hm jni ]en-i-\n-c v: Hmtcm kmº- ØnI h j-øn-sebpw ]en-i-\n-c v B h jw am n-em-bn-cn pw {]Jym-]n- p- - Xv. Ign kmº-øni h jw 8.25 ixam-\-am-bn-cp p ]en-i-\n-c- v. \S p kmº- ØnI h jsø ]en-i-\n-c v 8.6 ix-am- \-ambn h [n- n- p-sa v k m hy - am- n-bn-cp- p. \nt ] Ime-b-fhv: hnc-an- p- Xp hsc {]txy-i-x-iƒ: Ccp-]-Xn-tesd Poh-\- mcp Iº-\n-I-fnse 6,500 cq] v api-fn amk-i-º-f-ap Poh-\- m p th nbmwv C]n-F-^v cq]-s -Sp-Øn-bn-cn- p- -Xv. 18 sluvpv Hmlcn s^{_p-hcn 2013 Db iº-f-ap- -h pw C]n- F^v \nt ]w kzta-[bm \S- Øm-hp- -Xm-Wv. tpmen cmpnsh v c v amk-øn-\nss as mcp tpmen e`n ns - n C]n-F^v \nt ]w ]q W-ambn ]n h-en- m-hp- -Xm-Wv. A v h j-sø _m v ÿn-c\n-t -]w hm jni ]en-i-\n-c v: hnhn[ _m p-iƒ A v h jsø _m v ÿnc-\n-t -]- \nipxn m_p-iƒ 60 hbkv hsc-bp hy n-iƒ m_v (hm jni hcp-am-\w) \nipxn \nc v 2 e w hsc C 2 e w apx 5 e w hsc 10% 5 e w apx 10 e w hsc 20% 10 e Øn\v api-fn 30% 60 apx 80 hbkv hsc m_v (hm jni hcp-am-\w) \nipxn \nc v 2.50 e w hsc C 2 e w apx 5 e w hsc 10% 5 e w apx 10 e w hsc 20% 10 e Øn\v api-fn 30% 80 hb-kn\v api-fn m_v (hm jni hcp-am-\w) \nipxn \nc v 5 e w hsc C 5 e w apx 10 e w hsc 20% 10 e Øn\v api-fn 30% skkv (F- m-h pw) hnzym-`ym-k skkv 3% Øn\v \ Ip ]en-i-\n-c v 8.25 ixam\w apx 9.50 ix-am\w hsc-bm-wv. \nt ] Ime-b-fhv: A v h jw {]txy-i-x-iƒ: {]Xn-h jw 10,000 cq] v api-fn ]eni e`n- p- p-s - n SnUn-Fkv (SmIvkv UnU- A v tkm gvkv) _m[-i-amwv. ]en-i-bpss 10.3 ixam\amwv (hnzym-`ymk skkv Dƒs -ss) SnUn-Fkv Bbn Npa-Øp-I. \mj-w tkhnwkvkv k n-^n- - v hm jni ]en-i-\n-c pw \nt ] Imeb-fhpw: A v h jsø \nt -Øn\v 8.6 ix-am-\hpw ]Øv h jsø \nt - ]-Øn\v 8.9 ix-am-\hpw ]en-i. {]txy-i-x-iƒ: SnUn-Fkv _m[-i-a-. \mj-w tkhnwkvkv k n-^n- - n \n v e`n- p ]eni ]p\ \n-t -]n- p- I-bmWv snøp- -Xv. Hcp t]mãv Hm^o-kn \n v as mcp t]mãv Hm^o-kn-te v \nt ]w am m-\p kui-cy-ap- v. ko\n-b kn n-k kv tkhnwkvkv kviow hm jni ]en-i-\n-c v: 9.30 ix-am\w \nt ] Ime-b-fhv: A v h jw {]txy-i-x-iƒ: 60 hbkv ]n n- -h m bp t]mãv Hm^okv \nt ] ] -Xn-. 55 hbkp -h kzta-[bm hnc-an- ] Xn {]Imcw hnc-an- p-ibmsw- n hnc-an v aq v amk-øn-\p- n Cu kvioan \nt -]n- m-hp- -Xm-Wv. SnUn- Fkv _m[-i-a-. t]mãv Hm^okv sssw sut m-kn v hm jni ]en-i-\n-c v: 8.50 ix-am\w \nt ] Ime-b-fhv: A v h jw {]txy-i-x-iƒ: SnUn-Fkv _m[-i-a.

19 NnIn m sne-hp-iƒ v \nipxn Cfhv t\smw \nipxn Bkq-{XWw snøp- -h Btcm-Ky C jp-d kv {]oan-bw, \n ±njvs tcmk-߃ p NnIn m sne-hv F n-h-bn-eqss e`n- p \nipxn Cfhv Dd- p-h-cp-øm {i n-t - -Xp- v. BZm-b-\n-IpXn \nb-a-ønse sk 80 Un, sk 80 UnUn, sk 80 bp, sk 80 UnUn_n F nh A\pk-cn v Btcm-Ky-kw-_- -amb hnhn[ Xcw sne-hp-iƒ v \nipxn Cfhv t\sn-sb-sp- mw. BtcmKy C jp-d kv Btcm-Ky C jp-d kv t]mfn-kn-bnte v AS- p 15,000 cq] hsc-bp {]oanb-øn\v BZm-b-\n-IpXn \nbaw sk Btcm-Ky-kw-_- -amb hnhn[ sne-hp-iƒ p \nipxn Cfhv sk \nipxn Cfhv _m[-i-amb C\w ]c-am-h[n \nipxn Cfhv 80 Un BtcmKy C jp-d kv 40,000 cq] 80 UnUn B{in-X p sshi-ey-øn-\p 1,00,000 cq] NnIn 80 bp \nip-xn-zm-xm-hn-\p 75,000 cq] sshi-ey-øn-\p NnIn 80 UnUn_n a v Kpcp-Xc tcmk-߃ p NnIn 60,000 cq] 80 Un {]Imcw \nipxn Cfhv t\smw. amxm- ]n-xm- -fpss t]cn-ep BtcmKy C jpd kv t]mfn-kn-bn-te p-ff 15,000 cq]-bpss {]oan-b-øn\pw \nipxn Cfhv A\p-h-Z-\ob-am-Wv. Cßs\ samøw 30,000 cq]-bpss \nipxn Cf-hv t\smw. t]mfnkn DSa apxn ]uc-\m-sw- n Xs t]cn-ep Btcm-Ky C jpd kv t]mfn-kn-bpss 20,000 cq] hsc-bp {]oan-b-øn\v \nipxn Cfhv e`n- pw. amxm- ]n-xm- ƒ apxn ]uc- m-cm-sw- n Btcm-Ky C jp-d kv t]mfn-kn-bv mbn AS- p 20,000 cq]- hsc-bp {]oan-b- Øn\v \nipxn Cfhv e`n pw. AXm-bXv apxn ]uc am v ]c-am-h[n 40,000 cq]- bmwv Cu sk {]Imcw \nipxn Cfhv t\sm-\m-ip- -Xv. B{in- X p sshi-ey- Øn\p NnIn B-{in-X-cmb `mcy, a ƒ, amxm-]n-xm- ƒ, ktlm-zcok-tlm-z-c am XpS-ßn-bh v at\m-ssh-i-eyw, akvxn-jvi-øn\v D m-ip XI-cm aqew ]cm-{i-b-an- msx Ign-bm-\m-ImØ Ahÿ F o tcmkm-hÿ-iƒ t\cn-ts- n-h-cn-i-bm-sw- n h j- Øn NnIn- -bv mbp 50,000 cq] h t]mfnkn DSa apxn ]uc-\m-sw- n Xs t]cn-ep Btcm-Ky C jp-d kv t]mfn-kn-bpss 20,000 cq] hsc-bp {]oan-b-øn\v \nipxn Cfhv e`n pw. amxm-]n-xm- ƒ apxn ]uc- m-cm-sw- n epw 20,000 cq]- hsc-bp {]oan-b-øn\v Cf-hp- v. sc-bp sne-hp-iƒ v \nipxn Cfhv e`n- pw. tcmkm-hÿ AXo-h-Kp-cp-X-c-am-sW- n (tcmkw aqeap imco-cni Ah-iX 80 ix-am-\-øn IqSp-X-em-sW- n ) Hcp e w cq] hsc-bp NnIn m sne-hp- Iƒ v \nipxn Cfhv e`n- pw. \nip-xn-zm-xm-hn\p NnIn \nip-xn-zm-xmhv ta -d tcmk߃ v ASn-s -Sp-I-bm-sW- n sk 80 Unbn-teXp t]mse 50,000 cq] hsc-bp NnIn m sne-hn\pw tcmkw AXoh Kpcp-Xc kz`m-h-ap- -Xm-sW- n 75,000 cq] hsc-bp NnIn m sne-hn\pw \nipxn Cfhv e`n- pw. BZm-b-\n-IpXn \nbaw sk 80 bp A\p-k-cn- mwv Cu Cf-hv. AtX kabw sk 80 bp {]Imcw \nipxn Cfhv e`n Hcmƒ v sk 80 UnUn {]Imcw \nipxn Cfhv Ah-Im-i-s -Sm-\m-In-. a v Kpcp-Xc tcmk-߃ p NnIn \nipxn ZmXmhnt\m B{in-X-cmb `mcy, a ƒ, amxm-]n-xm- ƒ, ktlm-z-co-k-tlm- Z-c am XpS-ßn-b-h t m ]m n k kv t]mep \muo-kw-_- -amb tcmk-ßtfm FbvUvkv, lotam-^o-enb XpSßnb tcmk-ßtfm ]nsns]-sp-i-bm-sw- n 40,000 cq] hsc-bp NnIn m sne-hn\v \nip-xn-bn-fhv e`n- pw. tcmkw aqeap imco-cni Ah-iX \m Xv ix-am-\tam AXn IqSp-Xtem B sw- n am{xta \nip-xn-bn-fhv e`n- p-ibp- q. B{in-X-\mb tcmkn apxn ]uc- \m-sw- n 60,000 cq] hsc-bp NnIn m sne-hn\v \nipxn Cfhv e`n- pw. sluvpv Hmlcn s^{_p-hcn

20 - Tax Planning Hmlcn \nt -]-Øn-eqsS BZmb\nIpXn em`n mw BZmb \nipxn Cfhv t\sn-sb-sp- m-\mbn HmlcnI-fn t\cnt m Hmlcn A\p-_- nx ] -XnI-fn-tem \nt -]w \S-Øp- -h \nt ] ] Xnbpw \nt ] coxnbpw sxc-s -Sp p -Xn Gsd {i n-t - -Xp v. BZmb \nipxn em`n- p- -Xn\mbn Hmlcn \nt ]w \S-Øm Xm -cy-s - Sp- -h v sxc-s -Sp- m-\mbn sshhn-[yta-dnb \nt ] ] -Xn-Iƒ Ct m-gp- v. \ne-hn-ep \nt -]-I v CF -F-kv-F-kp-Iƒ \nipxn Cfhv e`n- p- -Xns\m w Hmlcn A\p-_- nx \nt -]-Øn-eqsS ani t\ hpw e`n- m klm-b-i-amwv ayqnz ^ p-i-fpss CIzn n en vuv tkhnkvkv kvioap-iƒ (C-F -F-kv-F-kv). BZm-b-\n- IpXn \nbaw sk 80 (kn) A\p-kcn v CIzn n en vuv tkhnwkvkv kvioap- Ifnse Hcp e w cq] hsc-bp 20 sluvpv Hmlcn s^{_p-hcn 2013 \nt ]Øn\v \nipxn Cfhv e`n- p- -Xm- Wv. CIzn n en vuv tkhnkvkv kvioap-ifpss tem v - -C - -]o-cn-buv aq v h j-am-wv. AXmbXv \nt ]w \SØn aq v h jw XnI-bp- -Xn\v apºv Cu kvioap-i-fpss bqwn- p- Iƒ hn m-\m-in-. CF -F-kv-F-kp-Ifn \nt -]n- m-hp Ipd XpI 500 cq]-bm-wv. Ub-dIvSv SmIvkv timuv \ne-hn hcp- -txmss \nipxn Cfhv C m-xm-ip \nt ] ] -Xn-I-fn-sem- mwv CF -F-kv F-kp-Iƒ. ASpØ kmº-øni h jw apx Ub-dIvSv SmIvkv timuv \ne-hn hcni-bm-sw- n BZm-b-\n-Ip-Xn-Zm-b-I v CF -FkvFkn \nt -]n- m-\p G hpw HSp-hn-esØ Ah-k-c-am-bn-cn pw Cu h jw e`n- p- -Xv. s] j Bkq-{X-W-Øn- \mbn \yq s] j kviow Akw-L-SnX taj-e-bnse Poh-\- m mbn 2009 sabv H n\v s] j ^ v sdkp-te- dn B v suh-e-]vsa v AtYm-dn- n-bpss \nb-{ -W-Øn ti{μ-k m Bcw-`n \nt ] ] -XnbmWv \yq s] j kviow (F -]nf-kv). Fkv- _nsf s] j ^ v, bpsnsf dn -b sa v skmeyq-j kv s] j ^ v, sfun F-^vkn s] j ^ v, tim v alo{μ s] cmpo-hvkm n CIzn n tk hnwkvkv kvioan\p Iognembn Hcp XhW am{x-amwv \nipxn Cfhv e`y-am-ip-i. t\csø Uoam v A u v Xpd- n pw CXp-hsc Hmlcn \nt ]w \S-Øm- Øh pw Cu kviow {]Imcw \nipxn Cfhv e`n- p- -Xm-Wv. j ^ v, dne-b kv Im n- s] j ^ v, sf-knsfknsf {]qu jy s] j ^ v F o Bdv ^ p-ifmwv \yq s] j kvio an\p Iogn-ep- -Xv. kviow C, kviow kn, kviow Pn F o aq v kvioap-i-fn-em-bmwv Cu ^ p-iƒ \nt ]w \S-Øp- - Xv. Hml-cn-I-fn \nt ]w \S-Øp kvioamwv kviow C. kviow kn eniznuv ^ p-i-fnepw _m v ÿnc-\nt -]-ß-fnepw tim -td v t_m p-ifnepw \nt ]w \S-Øp- p. k m t_m p-ifnemwv kviow knbnse \nt - ]w. kviow Cbn Hml-cn-I-fnse ]c-am-h[n \nt ]w 50 ix-am-\-am-wv. su nepw Hmlcn-I-fn-ep-ambn \nt ]w \S-Øp _me kvuv ^ p-i-sf t]mse-bmwv Cu ^ p- I-fpsS \nt ] coxn. F ]n-f-kn \nt -]n- p- -h v ti{μ-k m Bbncw cq] hoxw C sk o-hmbn \ Ip p (Cu XpI F ]n-f-kn \nt -]n- p-i-bmwv snøp- I) F -XmWv Cu kvioans Hcp BI j- Wo-b-X. Ub-dIv v SmIvkv timuv \ne-hn hcp- -txmss BZm-b-\n-IpXn \nbaw 80 (kn) A\p-k-cn v \nipxn Cfhv e`n- p GI Hmlcn A\p-_- nx \nt ] am Kw \yq s] j kviow Bbn-cn- pw. AtX kabw hfsc Db Nm Pp-IfmWv \yq s] j kvioan CuSm- p- Xv F Xv \yq s] j kvioans Hcp {][m\ \yq\-x-bmbn Ah-ti-jn- p- p. \yq s] j kvioan- Ipd hm jni \nt ]w 6000 cq]-bm-wv. h j-øn Ipd- Xv 6000 cq] AS- n-s - n 100 cq] ]ng \ I-Ww. Hcp Xh-WsØ Ipd \nt ]w 500 cq]-bm-wv. Cßs\ Ipd- Xv Hcp h jw \mev XhW \nt ]w \S- Øn-bn-cn- -Ww. Hmtcm CS-]m-Sn-\pw 30 cq] Nm Pmbpw \ I-Ww. CXn\v ]pd-sa- F m h jhpw sdt muv Io nwkv Nm Pmbn 350 cq]bpw CuSm- p- p- v. AXm-bXv Ipd \nt -]-amb 6000 cq] {]Xn-h jw \yq

21 s] j kvioan- \nt -]n- p Hcmƒ 470 cq] hnhn[ Nm Pp-I-fmbn \ I-Ww. G hpw Ipd \nt ] XpI \yq s] j kvioan \nt -]n- p Hcmƒ \nt -]-Øns 7.8 ix-am\amwv {]Xnh jw hnhn[ Nm Pp-I-fmbn \ ti- -Xv. -CXv \yq s] j kvioans\ sne-th-dnb \nt ] ] -Xn-bm n am p- p. \yq s] j kvioanse hcn- m-cpss FÆw IqSp- -Xn\v A\p-k-cn p am{xta \n-t -]-Icn -\n pw CuSm- p sdt muv Io nwkv Nm Pv Ipd-bp-I-bp- q. Cu ] Xnbnse hcn- m-cpss FÆ- Øn ]-cn-anx-amb hf am{xta CXp-hsc D m-bn- p- q. kmº-øn-i-ambn Zp _-e-amb hn`m-k-߃ mbn F ]n-fkv sse v F \nt ] ] -Xnbpw ti{μk m Bcw-`n- n- p- v. Cu \nt ] ] -Xn-bn {]Xn-h jw \nt -]n- mhp Ipd XpI 1000 cq]-bm-wv. ]pxnb \nt -]-I v H XhW \nipxn B\p- IqeyØn\v cmpohvkm n CIzn n tkhnwkvkv kviow BZy-ambn Hmlcn \nt ]w \S-Øp- h v \nipxn Cfhv e`y-am-ip \nt ] ] -Xn-bmWv cmpohvkm n CIzn n tkhnwkvkv kviow. Ign _P- n {]Jym-]n- -s Cu ] Xn \S p kmº- ØnI h jw apx-emwv \S- n-em- -s -Sp- -Xv. Hcp XhW am{x-amwv cmpohvkm n CIzn n tkhnwkvkv kvioan\p Iogn \nipxn Cfhv e`y-am-ip-i. HmlcnIfn t\cn v 50,000 cq] hsc \nt -]n- mhp Cu ] -Xn-bn 10 e - Øn Xmsg hm jni hcp-am\ap -h m- Wv -\n-t - -]n m km-[n- pi. Cu ] - Xn-bn \S-Øp \nt -]-Øns 50 ixam\w hscbmwv \nip-xn- C-fhp \nt - ]-ambn ]cn-k-wn- pi. AXm-bXv Cu kvioan\v Iogn-embn 50,000 cq] \nt -]n- p h v 25,000 cq] hsc-bp XpI-bv v \nipxn Cfhv e`y-am-ipw. c v e w cq] apx A v e w cq] hsc hcp-am-\-ap- -h v (hcp-am-\-øns 10 ix-am\w \nip- Xn-bmbn \ ti SmIvkv m_n s]sp- -h v) Cu kvioan \nt -]n- p-tºmƒ ]c-am-h[n 2,500 cq] \nip-xn-bn-\-øn em`n- mw. A v e w cq] apx ]Øv e w cq] hsc hcp-am-\-ap- -h v (hcp-am-\-øn s 20 ix-am\w \nip-xn-bmbn \ ti SmIvkv m_n s]sp- -h v) Cu kvioan \nt -]n- p-tºmƒ ]c-am-h[n 5,000 cq] BZmb \nip-xn-bn-\-øn em`n- mw. t\csø Uoam v A u v Xpd- n pw CXp-hsc Hmlcn \nt ]w \S-Øm- Øh pw cmpohvkm n CIzn n tkhnwkvkv kviow {]Imcw \nipxn Cfhv e`n- p- -Xm-Wv. ayqnz ^ p-iƒ, FIvkvtN v t{suuv ^ p-iƒ F n-hbn \nt -]n- p- -h v Cu kviow {]Imcw \nipxn Cfhv e`n- pw. Cu kviow {]Im-c-ap \nt -]-Øn\v aq v h jw \n _- nx \nt ] Ime-bf-hp- v. AtX kabw \nt ]w \SØn Hcp h jøn\p tijw ssih-i-ap Hmlcn-I-fn-t hym]mcw snømw. AtX kabw BZmb-\n-IpXn Cf-hn\v A l-amb XpIbpsS \nt ]w _m n-bp c v h jhpw \ne-\n Øn-bn-cn- -Ww. AXm-bXv Hcp h jw Ipd- Xv 270 Znh-khpw \nt - Is t]m vt^m-fn-tbm-bpss aqeyw \nipxn Cfhn\v A lx t\sm-\mbn \nt -]n XpItbm BZy-ambn hn \ \S-Øp- -Xn\v apºp t]m vt^m-fn-tbm-bpss aqeytam CXn GXmWv Ipd- Xv AXn\v Xpeyam-bn-cn- -Ww. _nf-kvc 100, knf -FIvkv 100 F o \nipxn em`n- m-\mbn bpen-]p-i-fn \nt -]n- p- -Xn-t\- mƒ t`zw CF -F-kv-FkpI-fn \nt ]w \S-Øp- -Xm-Wv. Db Nm Pp-Iƒ CuSm- p \nt ] ] -Xnbmb bpen]piƒ \ Ip C jp-d kv ]cn-c hfsc ]cn-an-x-am-wv. kqnn-i-i-fn Dƒs Iº-\n-I-fpsS Hmlcn-I-ƒ Bbn-cn- Ww \nipxn Cfhn\mbn \nt -]-I sxc-s -Sp-t - -Xv. CXn\p ]pdsa \h-c-xv\, alm-\-h-c-xv\, an\n-c-xv\ F o hn`m-k-ß-fn s s]mxp-ta-jem Iº-\n-I-fpsS Hml-cn-I-fn \S-Øp \nt -]-Øn\pw \nipxn Cfhv e`n- p- -Xm-Wv. Cu s]mxp-ta-jem Iº- \n-i-fpss C\o-jy ]ªnIv Hm^ (sf-]n-h), t^mtfm- -Hm ]ªnIv Hm^ (F^v -]n-h) hgn-bp \nt - ]-Øn\pw Nne \n_- -\-I-fpsS ASn-ÿm-\-Øn \nipxn Cfhv e`n- pw. sf-]n-hbpw F^v-]n-Hbpw \S- Øp Xn\v sxm -pap-ºp aq v kmº-øni h j-ß-fn Cu Iº- \n-i-fpss hm jni hn p-h-chv 4000 timsn cq]bn Xmsg-bm-hm ]msn F mwv \n_- -\. em PvIm v Hmlcn-I-fn \nt -]n- p- -h v am{xw \nipxn Cfhv e`y-am p Xn\m-bmWv Cu \n_- -\-Iƒ G s -Sp-Øn-bn-cn- p- -Xv. sndp-ins \nt -]-I v KpW-I-c-am-Ip- -Xn-\mbn cmpohvkm n CIzn n tkhnwkvkv kvioan KUp- -fm-bp \nt ]w A\ph-Z-\o-b-am-Wv. bpen-]v sne-th-dnb \nt ] ] -Xn-, `mhn-bn \nt -]-I v _m[y-x-bmimw C jp-d kv Iº-\n-I-fpsS bqwn v en vuv C jp-d kv t]mfn-kn-iƒ (bp-en- ]v) BZm-b-\n-IpXn \nbaw sk 80 (kn) A\p-k-cn v \nipxn Cfhv \ Ip \nt ] ] -Xn-I-fm-sW- nepw Ch sneth-dnb \nt ] ] -Xn-I-fm-Wv. hnhn[ C\- ß-fn \nt -]-I-cn \n v CØcw t]mfnkn-iƒ CuSm- p Nm Pp-Iƒ hfsc Db -Xm-Wv. AXp-sIm- p-xs \nipxn em`n- m-\mbn bpen-]p-i-fn \nt -]n- p- -Xn-t\- mƒ DNnXw CF -F-kv-Fkv \nt ]w \S-Øp- -Xm-Wv. C jp-d kv ]cnc BWv Dt±-in- p- -sx- n bpen]v \ Ip ]cn-c hfsc ]cn-an-x-am-wv. C jp-d kv ]cn-c F e yw icnbmb coxn-bn \nd-th- p- Xv Ft mgpw tsw t]mfn-kn-i-fm-wv. \nt -]hpw C jpd kpw ktω-fn- p D - -am-sw- nepw icn-bmb coxn-bn Cu c v e y-ß-fpw km m-xvi-cn- m km[n- p- n F - XmWv bqwn v en vuv C jp-d kv t]mfnkn-i-fpss \yq\-x. \ne-hn sse^v C jp-d kv t]mfnkn v \nipxn Cfhv e`n- -W-sa- n {]oanbw XpI kw Atjz Un (t]m-fnkn XpI) s ]Øv ix-am-\-øn IqSp-X BIm ]msn-. CXv A v ix-am-\-ambn ]p\ \n W-bn- -W-sa- mwv Ub-dIvSv SmIvkv timunse hyh-ÿ. Cu hyhÿ \S- n-em- -s -Sp-I-bm-sW- n XpS \nt ] ] -Xn-I-fm-b-Xn-\m an bpen]v t]mfn-kn-ifpw `mhn-bn \nt -]-I v _m[y-x-bmbn amdpw. sluvpv Hmlcn s^{_p-hcn

22 Tax Planning \nipxn Cfhv \ Ip ani 5 CIzn n ^ p-iƒ BZm-b-\n-IpXn \nbaw sk 80 (kn) A\p-k-cn v CIzn n en vuv tkhnwkvkv kvioap-ifnse Hcp e w cq] hsc-bp \nt ]Øn\v \nipxn Cfhv e`n- p- -Xm-Wv. sluvpv sh Øv amt\-pvsa v k ho-kkv BZm-b-\n-IpXn Cfhpw Db aqe-[\ h [-\hpw e y-an-sp \nt -]-I v ]cn- K-Wn- m-hp ani A v CIzn n en vuv tkhnkvkv kvioap-ifm(cf -F-kv -F-kv)Wv Xmsg \ In-bn-cn- p- Xv. Im\d sdmt_-t m CIzn n SmIvkv tkh Ign A p h j-øn-\nss G hpw Db t\ w \ Inb CIzn n en vuv tk hnwkvkv kvioamwv Im\d sdmt_t m C Izn n SmIvkv tkh ^ v ix-am-\-am Wv Ign A v h j-øn-\nss Cu ^ v \ Inb {]Xn-h j t\ w. C m-e-b-f-hn CF - -F-kv-Fkp-I-ƒ \ Inb icm-icn hm jni t\ w 3.30 ix-am-\am-wv. Ign A p h j-ambn ani {]I-S\w \SØn hcp CIzn n en vuv tkhnkvkv kvioamwv Im\d sdmt_t m CIzn n SmIvkv tkh ^ v. ^ v XpS-ßn-b-Xn\p tij-ap ]Øv h j-øn-tesdbp Imeb-f-hn a v CIzn n en vuv tkhnkvkv kvioapi-tf- mƒ Zp _-eamb {]I-S-\-amWv Cu ^ v ImgvN sh -Xv. F nepw 2005 apx Cu ^ v {]I-S\ anihn-te-s -Øn s^{_p-h-cn-bn XpSßnb Im\d sdmt_t m CIzn n SmIvkv tkh ^ v CXp-hsc \ Inb icm-icn hm jni t\ w 15 ix-am-\-am-wv. F vun-f^vkn SmIvkv tkh Ign Hcp h j-søbpw aq v h jsøbpw A v h j-søbpw {]I-S\w hnebn-cp-øp-tºmƒ F vun-f^vkn SmIvkv tkh ^ v ASn-ÿm\ kqnn-i-bmb Fkv&]n knf -FkvIv 500 C U-Ivkn-t\- mƒ ani t\ w ÿnc-x-tbmss \ In-bn- p-s p ImWmw am n XpS-ßnb Cu ^ v CXp-hsc \ Inb icm-icn hm jni t\ w 30 ix-am-\-am-wv. hn]-wn-bpss GXv \ne-bnepw BkvXnbpsS 90 ix-am-\-øntesd Hml-cn-I-fn \nt -]n- p t]m vt^m-fntbm amt\- Pvsa v coxn-bmwv Cu ^ v ]n p-s-cp- -Xv. hn]-wn-bn D m-ip GXv apt - -Ønepw t\ ap m- m CXn-eqsS Cu ^ n\v 22 sluvpv Hmlcn s^{_p-hcn 2013 km[n- p- p. \ne-hn 40 ix-am\w \nt ]w anuv - -kvtamƒim v Hml-cn-I-fn-em- Wv timsn cq]bpss BkvXnbmWv F vun-f^vkn SmIvkv tkh ^ v ssi Imcyw snøp- -Xv. F &Sn SmIvkv AUzm-t Pv ^n-su-en n Ak v amt\-pvsa v Iº\nsb F &Sn Ak v amt\-pvsa v Iº-\n- Gs -Sp-ØXn\p tijw ^nsu-en n SmIvkv AUzm-t Pv ^ ns\ F &Sn SmIvkv AUzm-t Pv ^ v F v ]p\ \m-a-i-cww snøp-i-bm-bn-cp- p P\p-h-cn hn]-wn- Fund AUM NAV *CAGR (%) (Cr) (Rs) 1 Year 3 Years 5 Years Canara Robeco Equity Tax Saver HDFC Equity Tax Saver L&T Tax Advantage Reliance Tax Saver DSP BlackRock Tax Saver *(as on ) bn-se-ønb F &Sn SmIvkv AUzm-t Pv ^ v CXp-hsc \ Inb {]Xn-h j t\ w ix-am-\-am-wv. ^nsu-en n SmIvkv AUzm-t Pv ^ v t]m vt^m-fn-tbm-bn em PvIm v Hml-cn- Iƒ mwv {]mapjyw \ Ip -Xv. \ne-hn BkvXn-bpsS 83 i-x-am-\hpw em PvIm v Hml-cn-I-fn-emWv Cu ^ v \nt ]w \S- Øn-bn-cn- p- -Xv. \ne-hn BkvXn-bpsS 90 ix-am\w \nt -]hpw Hml-cn-I-fn-em-Wv. BZysØ A v Hml-cn-I-fn-emWv 25 ix-am\w \nt - ]hpw \S-Øn-bn-cn- p- -Xv. G hpw IqSp-X XncpØv sluvpv Hml-cn-bpsS P\p-hcn e - Ønse "2013 \nt -]n- m 12 CIzn n ^ p-iƒ' F tej-\-øn CIzn n ^ p-i-fpss Hcp hn`m-k- Øns t]cv "ssat{im-im v ^ p-iƒ' F mwv \ In-bn-cp- Xv. CXv "^vsfivkn-im v ^ p-iƒ' F v Xncp- Øn-hm-bn- m A`y n- p- p. \nt ]w ^n\m jy skivs-dn-em-wv ix-am-\w. dne-b kv SmIvkv tkh Ign Hcp h j-øn-\nss G hpw D b t\ w \ Inb 10 CIzn n en vuv tk hnwkvkv kvioapi-fn H mwv dne-b kv SmIvkv tkh ^ v. Ign Hcp h j- Øn-\nsS Hmlcn kqnni 17 ix-am\w Db-cp- Ibpw CF -F-kv-F-kp-Iƒ icm-icn ix-am\w t\ w \ Ip-Ibpw snbvx-t mƒ dne-b kv SmIvkv tkh \ In-bXv ix-am\w t\ -am-wv. anuv&kvtamƒim v Hml-cn-Ifn KWy-ambn \nt ]w \S-Ønb-Xn-eq-sS-bmWv Cu t\ w dneb kv SmIvkv tkh ^ v ssih-cn- -Xv. \ne-hn 80 i-x-am- \hpw anuv&kvtamƒim v Hml-cn- I-fn-emWv Cu ^ v \nt ]w \S-Øn-bn-cn- p- -Xv. Ign aq v h j-øn-\nss G hpw Db hm jni t\ w \ Inb A v ^ p-i-fn-sem- mwv dne-b kv SmIvkv tkh ^ v 9.57 ix-am-\w. \ne-hn BkvXn-bpsS 99 ix-am\w \nt -]hpw Hml-cn-I-fn-em-Wv HmKÃn XpS-ßnb Cu ^ v CXphsc \ Inb icm-icn hm jni t\ w ix-am-\-am-wv. UnFkv]n ªm v tdm v SmIvkv tkh Ign Hcp h j-øn-\nss G hpw Db t\ w \ Inb A v CIzn n en vuv tkhnwkvkv kvioapi-fn-sem- mwv UnFkv ]n ªm vtdm v SmIvkv tkh ^ v. Ign Hcp h j-øn-\nss Cu ^ v \ In-bXv ix-am\w t\ -am-wv. 763 timsn cq]bpss BkvXnbmWv UnFkv]n ªm vtdm v SmIvkv tkh ^ v ssiimcyw snøp- -Xv. em PvIm v Hml-cn-I-fn 60 ix-am-\hpw anuv& kvtamƒim v Hml-cn-I-fn 40 ix-am-\hpw \nt -]-amwv \ne-hn \S-Øn-bn-cn- p- -Xv. \ne-hn BkvXn-bpsS 99 ix-am\w \nt - ]hpw Hml-cn-I-fn-em-Wv Unkw-_dn XpS-ßnb Cu ^ v CXp-hsc \ Inb icmicn hm jni t\ w ix-am-\-am-wv.

23 \nipxn Cfhv e`n- p a v C\-߃ hnzym-`ymk hmbv]-bpss ]en-i, Iº-\n-bn \n v F v-b F e`n- m-ø- Poh-\- m \ Ip ho phms-i, Xma-kn- p-itbm hms-i v \ In-bn-cn- p-itbm snbvxn-cn- p hosns A -Ip- - -Wn- p hmbv] F nh hnhn[ hn`m-k-߃ {]Imcw \nipxn Cfhv e`n- p C\-ß-fm-Wv. D X hnzym-`ym-k- Øn-\mbn hmbv] FSp- p- -h-cpss FÆw Gdn-h-cn-I-bm- Wv. hnzym`ymk snehv IqSn-bXmWv CXn\v {][m\ Imc- Ww. Ip n-iƒ v ani hnzym-`ymkw Dd- p-h-cp-øm-\mbn FSp- p hnzym- `ymk hmbv] c n-xm- ƒ v \nipxn Cfhv IqSn t\sn-ø-cp- p- v. BZm-b-\n-IpXn \nbaw sk 80 C {]Im-cw D X hnzym-`ymkøn\p hmbv]- bnt Xncn- -S- p ]en-i-bv mwv \nipxn Cfhv e`n- p- -Xv. hmbv]-bpss Xncn- -Shv XpI-bn aqe-[-\hpw ]en-ibpw Dƒs - n-cn- p- p. CXn ]eni {]txyiw IW- m- n-bmwv \nipxn Cfhv Ah-Im-is -ts- -Xv. `h-\-hmbv] t]mse hnzym`ymk hmbv] v e`n- p \nipxn Cf-hn\v {]txyi ]cn[n I n- n- n-. ]eni AS kmº- ØnI h jw AXn-\p \nipxn Cfhv Ah-Im-i-s -Sm-hp- -Xm-Wv. \nip-xn-zm-xm-hn t\m `mcybvt m Ip n-iƒt m th n FSp Ø hnzym-`ymk hmbv]- mwv \nipxn Cfhv e`n- p- -Xv. AwKo-IrX Nmcn- _vƒ {SÃn \nt m [\-Imcy ÿm]-\-øn \nt m FSpØ hmbv] v am{xta \nipxn Cfhv e`n- p-i-bp- q. sxmgn-ep-s-a-bn \nt m at m hnzym-`ymk Bh-iy-Øn-\mbn FSpØ hmbv] v \nipxn Cfhv e`n- n-. F m timgvkp-iƒ p-ap hnzym-`ymk hmbv] v \nipxn Cfhv e`ya. BZm-b- \n-ipxn \nbaw A\p-k-cn v ko\n-b sk dn ]co- ]mkm-b-xn\p tij-ap sdkp-e s{]m^-j-w timgvkp-iƒ ]Tn- p- -Xn-\mbn FSpØ hmbv] p am{x-amwv \nipxn Cfhv e`n- p- -Xv. apgp-h kab timgvks n \nipxn Cfhv e`n- n-. timgvkv ]Tn- p- Xv C y-bntem hntzitøm BImw. hmbv]-bpss Xncn- -Shv Bcw-`n- p-tºmƒ Xs \nipxn Cfhv e`n- pw. ]eni AS- m Bcw-`n h jhpw AXn\p tijap Ggv h j-hp-amwv \nipxn Cfhv e`n- p- -Xv. F v h jw am{xta \nipxn Cfhv e`y-am-bn-cn- p-i-bp- q. AXn-\m hmbv]m Xncn- -Shv Zo Ln- n- p-i-bm-sw- n F v h j-øn\p tijw \nipxn Cfhv e`n- m sx t]mipw. F v-b F e`n- m-øh pw ho phms-i v \nipxn Cfhv t\smw tpmen snøp Iº-\n-bn \n v lukv sd v Ae-h kv (F- v-b -F) e`n- mø Poh-\- m pw kzbw sxmgn snøp- h pw _nkn-\-kp-im pw BZm-b-\n-IpXn \nbaw sk 80 PnPn {]Imcw ho p-hm-s- BZm-b- \n-ipxn \nbaw A \p-k-cn v ko\n-b sk dn ]co- ]mkm-b-xn\p tij-ap sdkp-e s{]m^j-w timgvkp-iƒ ]Tn- p- -Xn-\mbn FSpØ hm bv]bn ta Xncn- -S- p ]eni p am{x-amwv BZmb \nipxn Cfhv e`n- p- -Xv. Ibmbn \ Ip XpIbv v \nipxn Cfhv t\sn-sb-sp- m-hp- -Xm-Wv. CØ-c-Øn {]Xnamkw t\sm-\m-hp ]c-am-h[n \nipxn Cfhv 2000 cq]-bm-wv. AXm-bXv {]Xn-h jw 24,000 cq]. \nip Xn Cfhv e`n- p- - Xn-\mbn \n ±njvs t^man \nipxn ZmXmhv Un -td-j \ Inbn-cn- -Ww. CØ-c-Øn \n IpXn Cfhv Ah-Imi-s -Sp- - \nip-xn-zmb-it\m Pohn-X-]- mfnt m tpmen snøp ÿeøv kz ambn `h\w D m-im ]msn-. \nip-xn-zm- Xm-hn\v as mcp ÿeøpw Xs DS-a-ÿ- X-bn `h\w D m-im\pw ]msn-. hosns A - p- - -Wn v \nipxn Cfhv `h-\-hm-bv] v \nipxn Cfhv t\snsb-sp- m Bcpw ad- m-dn-s - nepw hosns A - p- - - Wn- mbn FSp- p hmbv] pw \n IpXn Cfhv e`n p-sa Imcyw ]e cpw {i n- m-dn-. \nip-xn-zm-xmhv Xmakn- p hosns A - p- - -Wn- mbn FSp- p hmbv]bnt Xncn- -S- p 30,000 cq] hsc-bp ]en-i-bv mwv \nipxn Cf hv e`n- p-i. AtX kabw hms-i v simsp- pitbm shdp-sx-bn- n-cn- p-itbm snbvxncn- p c m-asø hosn\mwv A - p- - - Wnsb n \nipxn Cf-hn\v ]cn-[n-bn-. sluvpv Hmlcn s^{_p-hcn

24 Tax Planning \nt -]-ß-fn \n p em`-øn\v Fßs\ \nipxn \ IWw? \nt -]-Øn-eqsS e`n- p em`sø c v Xc-Øn-em-bmWv hn`-pn- n-cn- p- -Xv Zo L-Ime aqe-[\ t\ hpw (temwkv tsw Im n- skbn ) {lkzime aqe-[\ t\ hpw (tjm v tsw Im n- skbn ). BZmb\nIpXn \ Ip-tºmƒ Hml-cn- Iƒ Dƒs -ss-bp \nt -]-ß-fn \n v e`n- p em`-øn\p \nipxn IqSn \ Im \nt -]-I {i n-t - -Xp- v. \nt -]-Øn-eqsS e`n- p em`sø c v Xc-Øn-em-bmWv hn`-pn- n-cn- p- - Xv Zo L-Ime aqe-[\ t\ hpw (temwkv tsw Im n- skbn ) {l kzime aqe-[\ t\ hpw (tjm v tsw Im n- skbn ). Hmlcn-Iƒ, ayqnz ^ v XpS-ßn b \nt ] am K-ß-ƒ 12 am k-øn\p api-fn ssihiw sh -Xn\p tijw hn v In p t\ sø Zo L- Ime aqe-[\ t\ -ambn ]cn-k-wn- p- p. 12 amk- Øn Ipd Ime-bfhv am{xw ssihiw sh -Xn\p tijamwv Ch hn p- -sx- n {lkzime aqe-[\ t\ ambmwv ]cn-k-wn- p-i. Hmlcn \nt -]-søbpw Hmlcn A\p-_- nx \nt -]-søbpw Zo L- Ime aqe-[\ t\ -Øn\p \nip-xnbn \n pw Hgn-hm- n-bn- p- v. AXmbXv Hml-cn-I-tfm ayqnz ^ v t]mep Hmlcn A\p-_- nx \nt ] D - -ßtfm 12 amk-øn\p api-fn ssihiw sh -Xn\p tijw hn p-tºmƒ e`n- p t\ Øn\v \nipxn \ ti- -Xn-. F m Hml-cn-, ayqnz ^ v \nt -]-Øn\v {lkz-ime aqe-[\ t\ -Øn-\p \nipxn _m[-i-amb-xn-\m Ch 12 amk-øn Xmsg ssihiw sh -Xn\p tij-amwv hn p- -sx- n \nt -]-I \nipxn \ Im _m[y-ÿ-\m-wv. skiyq-cn- okv {Sm km- SmIvkv \ In-bn- p-s - n {lkzime aqe-[\ t\ Øn\p \nip-xn-bmbn \ ti- Xv t\ -Øns 15 ix-am-\amwv. skiyq-cn- okv {Sm km- SmIvkv \ In-bn- ns - n hy n Dƒs -Sp \nipxn m_v A\pk-cn- mwv aqe-[\ t\ -Øn-\p \nipxn IW- mt - -Xv. ssih-i-ap Hml-cn-I ƒ hn -t mƒ e`n XpI-bn \n pw Hmlcn-Iƒ hmßm-\mbn hn\n-tbm-kn XpIbpw Hmlcn CS-]mSv \S-Øm-\mbn th n h Uoam v A u v sabn -\ kv Nm Pv, 24 sluvpv Hmlcn s^{_p-hcn amk-øn Xmsg Hmlcn-Iƒ ssihiw sh p- Xv hgn-bp- m-ip em`sø {lkz-ime aqe-[\ t\ ambn IW- m- p- Xp t]mse \jvs-sø {l kz-ime aqe-[\ \jvsw Bbpw IW- m- p- p. {lkz-ime aqe-[\ t\ - Øn \n pw {lkz-ime aqe-[\ \-jvsw X n- n-gn- m-hp- -Xm-Wv. t{_m -tdpv Xp-S-ßn-bh Dƒs -ss-bp sne-hp-ifpw Ingn- -Xn\p tij-amwv aqe- [\ t\ w IW- m- p- -Xv. \nt -]-Øn \n p t\ sø aqe- [\ t\ -ambn ]cn-k-wn- p-tºmƒ t{sunwkv hgn-bp t\ sø _nkn-\kv em`-ambmwv ]cn-k-wn- p-i. skiyq-cn- okv {Sm km- SmIvkv \ In-bn- ps - n {lkzime aqe-[\ t\ Øn\p \nip-xn-bmbn \ ti- Xv t\ -Øns 15 ix-am-\amsw n ^yq B vhm]vj kv, tu t{sunwkv XpSßnb Hmlcn hym]mc coxn-i-fn-eqss _nkn- \kv em`w t\sp t{su Xm Dƒs -Sp \nipxn m_v A\p-kcn mwvt{sunw-kn \n p em`-øn\v \nipxn \ ti- -Xv. DZm-l-c-W-Øn\v 10 e w cq] v api-fn hm jni h-cp-am-\-ap Hcmƒ v 10 amkw ssihiw sh Xn\p tijw hn Hml-cn-I-fn-eqsS Hcp e w cq] em`-ambn e`n- p-sh v Icp-Xp- I. CXv {lkz-ime aqe-[\ t\ -am-sw- - Xn-\m At±lw \ ti \nipxn 15,000 cq] (em-`-øns 15 ix-am-\w)bmwv. AtX kabw ^yq B v Hm]vj kn t{sunwkv \S-Øn-b-Xn-eq-sS-bmWv At±lw Hcp e w cq] em`-ambn t\sn-b-sx- n \nipxn m_v A\p-k-cn v em`-øns 30 ix-am\w (30,000 cq]) \nip-xnbmbn \ ti- n-hcpw. (10 e w cq] v apifn hm jni h-cp-am-\-ap h \ ti- \nipxn hm jni hcp-am-\-øns 30 ixam\amwv.) 12 amk-øn Xmsg Hml-cn-Iƒ ssihiw sh p- Xv hgn-bp- m-ip em`sø {lkz-ime aqe-[\ t\ ambn IW- m- p- Xp t]mse \jvs-sø {lkz- Ime aqe-[\ \jvsw Bbpw IW- m- p- p. {lkz-ime aqe-[\ t\ -Øn \n pw {lkz-ime aqe-[\ \-jvsw X n- n-gn- mhp- -Xm-Wv. AXp-t]mse ^yq B v Hm]vj kv, tu t{sunwkv XpS-ßnb hym]mc coxn-i-fn-eqss e`n- p _nkn- \kv em`øn \n pw Ah-bn \n p- m-ip \jvsw X n- n-gn- m-hp- -Xm-Wv.

25 `qan, hosv, si nsw `qan, hosv, si nsw XpS-ßnb kzøp ƒ aq v h j-øn\v api-fn ssi hiw sh -Xn\p tij-amwv hn p- -sx- n AXns\ Zo L-Ime aqe-[\ t\ ambpw aq v h j-øn Xmsg ssihiw sh - Xn\p tij-amwv hn p- -sx- n AXn s\ {lkz-ime aqe-[\ t\ ambpw IW- m- p- p. hn \ \S h j-amwv t\ - Øn-\p \nipxn Npa-Øp- Xv. Cu BkvXn-I-fn \n p aqe-[\ t\ w Fß-s\-bmWv IW- m- p- -sx v t\m mw. BZyw hn -\-bpss hne IW- m- p- p. CXn \n pw hn -\-bp-ambn _ -s - p- mb sne-hp-iƒ (DZm: IΩnj ) Ingn- p- p. Cßs\ Ingn p In nb XpI-bn \n pw hmßnb hnebpw tamsn- ]n-sn- n- -en-\p snehpw (DZm: ]pxnb \n am-w-øn\pw a pw hcp sne-hv) hn -\-bp-ambn _ -s - p- mb sne-hp- Ifpw (DZm: IΩn-j ) Ingn- p- p. Cß s\ Ingn- p-in- nb XpI-bmWv samø aqe- [\ t\ w. CXn \n p Cf-hp-Iƒ IqSn ]cn-kwn- mwv A aqe-[\ t\ w IW- - m- p- -Xv. Zo LIme aqe-[\ t\ w IW- m- p-tºmƒ AXv timãv C ^vtf-j C UIvkv A\p-k-cn v Xn -s -Sp-Øn-bn-cn- pw. AXm-bXv Hmtcm h j-søbpw timãv C ^vtf-j C UIvkv A\p-k-cn v t\c sø \S-Ønb \nt -]-Øns Ct mg sø aqeyw IW- m- n-bn-cn- pw. CsX-ß-s\-sb v t\m mw. C ^vtfjs (]-W-s -cp- w) ASn-ÿm-\-Øn BkvXn-bpsS hne-bn-ep- mb h [\ IW- m- p- -Xn-\p am\-z-wvu-am Wv timãv C ^vtf-j C UIvkv timãv C ^vtf-j C UIvkv 100 Bbn-cp p AXv 852 BWv. CXv A\pk-cn v Hcp e w cq] v hmßnb t{]m n-bpss Ct mgsø aqeyw 8.52 e -am-bn-cn- pw. C t mƒ B t{]m n hn p-tºmƒ 8.52 e w cq]-bn IqSp-X hne In p- I-bm-sW- n A[nIw In nb hne v \nipxn \ I-Ww. DZm-lc-W-Øn\v 10 e w cq]-bmwv hn e-bmbn In n-b-sx- n 10,00,000 8,52,000=1,48,000 cq] v \nipxn \ I- Ww. AXm-bXv 1.48 e w cq]-bpss 20 ix-am-\-amb 29,600 cq]bmwv \ ti \nip-xn-. Xma-k-ku-I-cy-Øn-\p `h\w aq v h j-øn-tesd ssihiw sh Xn\p tijw hn Hcmƒ hn -\ p Hcp h jw aptºm c v h j-øn\p n tem Xma-k-ku-I-cy-Øn-\p as mcp `h\w hmßp-itbm hn -\ p tijw aq v h j-øn\p n Hcp `h\w \n an- p-itbm snøp-i-bm-sw- n aqe-[\ t\ Øn\v Cfhv e`n- p- -XmWv. \mj kmº-øni h jøn Hcp e w cq] v hmßnb t{]m n-bp ss Ct m-gsø aqeyw 8.52 e w cq]bm-bn-cn- pw. Ct mƒ B t{]m n hn p-tºmƒ 8.52 e w cq]-bn IqSp-X hne In p-i-bm-sw- n A[n Iw In nb hne v \nipxn \ I-Ww. W sslth AtXm-dn ntbm dqd Ce- Iv{Sn-^n-t -j tim -td-jt\m ]pd-øn-d- nb \n ±njvs t_m p-i-fn Zo L-Ime aqe-[\ t\ w aq v h j-tø v \nt - ]n- p-i-bm-sw- n aqe-[\ t\ Øn\v Cfhv e`n- p- -XmWv. \nt ]XpI ]c-am-h[n 50 e w cq]-bm-bn-cn- -Ww G{]n H v apx `qantbm `h- \tam hn Hcmƒ v AXp-hgn e`n- p t\ w Abmƒ v 51 ix-am-\-ø-n-tesd Hmlcn aqe-[-\tam thm nwkv Ah-Im-i-tambp Fkv-FwC skivs-dn hcp Hcp am\p-^m-ivn-dnwkv Iº-\n-bnse Hml-cn-I-fn \nt -]n p-i-bm-sw- n aqe-[\ t\ Øn\v Cfhv e`n- p- -XmWv. dnt ka n- p- -Xn\p apºv Hcp hy n v BkvXn hmßmt\m \n an- mt\m km[n- n-s - n aqe-[\ t\ -am-bp XpI Im n- skbn kv A u vkv kvioan \nt -]n- p-i-bm-sw- n Cfhv e`n- pw. \n ±njvs ka-b-øn-\p- n `h\w hmßp- -Xn-\mbn Cu \nt ]w ]n osv ]n hen- m-hp- -Xp-am-Wv. aqe-[\ t\ ambp XpItbm kvioan \nt ]n XpItbm CXn GXmWv Ipd XpI AXn-\m-bncn pw Cfhv e`n- p- -Xv. hnhn[ Xcw aqe- [\ t\ -Øn\v A\p-kr-X-ambn Cf-hns txmxpw hyxy-kvx-am-bn-cn- pw. kz Ww `uxn-i-cq-]-øn-ep kz Ww, C tkmƒuv F nh aq v h j-øn\v apifn ssihiw sh -Xn\p tij-amwv hn p- -sx- n AXns\ Zo L-Ime aqe-[\ t\ ambpw aq v h j-øn Xmsg ssihiw sh -Xn\p tij-amwv hn p- -sx- n AXns\ {lkz-ime aqe-[\ t\ ambpw IW- m- p- p. AtX kabw tkmƒuv CSn-F-^v, tkmƒuv ^ p-iƒ F n-h Hcp h j-øn\p tijamwv hn p- -sx- n AXns\ Zo L Ime aqe-[\ t\ ambmwv IW- m- p- Xv. aq v h j-øn\p apºv hn p-i-bmsw- n \nipxn m_v A\p-k-cn- p \nip-xn _m[-i-am-bn-cn pw. aq v h j- Øn\p tij-amwv hn p- -sx- n em`- Øns 10 -i-x-am-\tam timãv C ^vtf-j C UIvkv A\p-k-cn v t\csø \S-Ønb \nt -]-Øns Ct mgsø aqeyw IW- m- pibpw B aqey-tø- mƒ IqSp-XemWv e`n- -sx- n (`qan CS-]m-Sn \ ti \nipxn F{X-sb v hy -am- p DZm-l-cWØnteXp t]mse) A[n- I-ambn e`n XpI-bpsS 20 ix-am\tam CXn GXmWv Ipd- Xv AXv \nip Xnbmbn \ Ip-Ibpw thww. _m v \nt ]w,t_m p-iƒ _m v ÿnc-\n-t -]-Øn\v SnUn-Fkv (-SmIvkv UnU- A v tkmgvkv) ]nsn- n- n-s - n Imem-h[n ]q Øn-bm-Ip-tºmƒ e`n- p ]eni hcp-am-\-øn Dƒs - SpØn \nip-xn-zm-b-is m_v A\pk-cn v \nip-xn- \ I-Ww. sd dnwkv sut m-kn- v, ^nivkuv sut m-kn v F o hnhn[ \nt ] ] -Xn-Iƒ v CXv _m[-i-am-wv. _m v tkhnwkvkv A u n \n p ]eni kmº-øn-ih jw 10,000 cq]-bn IqSp-Xem-sW- n \nipxn \ I-Ww. t_m p-i-fpss Imemh[n ]q Øn-bm-Ip-tºmƒ e`n- p ]eni hcp-am-\-øn Dƒs -SpØn \nip-xn-zm-b- I Dƒs -Sp m_v A\pk-cn v \nip-xn- \ I-Ww. sluvpv Hmlcn s^{_p-hcn

26 Auto Check Imcy- -a-ambn ss{uhv snøp-ibpw Imdns ]cn-]m-e\w Dd- p-h-cp-øp-ibpw snbvxm C -\-Øn\v sne-hm-ip XpI-bn \s mcp ix-am\w em`n- m-\m-ipw. s]t{smfns bpw Uok-en-s bpw hnebnep mb A -c-amwv Uok Imdp- IfpsS {]nbw h [n- n- -Xv. Db-cp C \ snehv \nb-{ n- m A[n-I-hne simsp Øv Uok Im hmßp- -h-cpss FÆta dn. F m C \ snehv Ipd v hml-\- tam-sn- m B{K-ln- p- -h v 2013 A{X \ h j-am-bncn n-. Uok, Kymkv XpS-ßnb s]t{sm-fnbw D - -ß-fpsS k_vknun sh n- p-d- p- I-b- msx am K-an-s v k m hy - am n Ign- p. Ign h jw Uok hne H -b-sn v A v cq] Db Ønb k mcmwv F m amkhpw en -dn\v 50 ss]k hsc hne h [n- n- m ]pxp-h jm-cw-`- Øn Xs FÆ Iº-\n-Iƒ v A\paXn \ InbXv. Uok hnebpw s]t{smƒ hnebpw XΩn-ep A cw XpS pw Ipdbp-sa v Npcp- w. s]t{sm-fm-bmepw Uok-em-bmepw C - \-_n- n -henb A -c-an- mø kml-ncy-am-wv C\n D m-im t]mip- -Xv. AXn- \m C -\_n em`n- m-\mbn Hcp e tømfw A[nIw XpI aps n Uok Im hmßp-ibpw txm n-bxp t]mse h n-tbm- Sn- p-ibpw snøp Xn\v ]Icw hne Ipd s]t{smƒ Im hmßp-ibpw C -\- -ax sa -s -Sp-Øm-\mbn Imcy- -a-xtbmss h n-tbm-sn- p-i-bp-w snøp- XmImw Im D]-tbmKw "CI-tWm-an- ' BIp- - Xn-\p C\n-bp am Kw. km[-\-ß-fpss hne Db-cp-tºmƒ IpSpw- _- _-P- ns Xmfw sx m-xn-cn- m-\mbn AhbpsS D]-t`mKw Ipd- p Xp t]mse C - \-hne Db-cp-tºmƒ C -\-s ehv \nb-{ n- m-\p am K-߃ kzoi-cn- p-itb \nhr- Øn-bp- q. C -\-sn-ehv Ipd-bv m-\mbn ssz\w-zn\ Pohn-X-Øns `mk-amb Hm^okp-I-fn-te pw a p-ap bm{xbpss Zqcw Ipd- m km[y-a-. F m F m-h pw 26 sluvpv Hmlcn s^{_p-hcn 2013 snøm km[n- p H p- v, Aan-X-amb C \ D]-tbmKw Hgn-hm- p Xc-Øn Imcy- -a-ambn ss{uhv snøp-ibpw Imdns ]cn-]m-e\w Dd- p-h-cp-øp-ibpw snøp-i. Htc tamu Im D]-tbm-Kn- p- c v t] v c v Xcw ssatepv In p- -Xn\v ImcWw h n D]-tbm-Kn- p- -Xnse Imcy- -a-x-bnse hyxymkw aqe-am-wv. Imcy- a-ambn h n D]-tbmKn- ptºmƒ Imdns C -\- -a-xbpw IqSpw. Imdns D]-tbmKw Imcy- aam-ip-tºmƒ C \ snehv 30 ix-am-\-tømfw em`n- m-\m-ipw. Sb-dns {]j Ipd-hm-sW- n kv]o Upw _me kpw \ne-\n Øp- -Xn-\mbn F n\p IqSp-X {]b-xv\n-t - n-h-cpw. AXv ^e-øn IqSp-X C \w D]-tbm- Kn- p- -Xn\v hgn-sh- p- p. Sb-dns {]j Bh-iyamb txmxn \ne-\n Øp- Xv A v- -]Øv ix-am\w C -\- -ax h [n- n- m klm-b-i-am-wv. BgvN-bn-sem-cn- se- nepw Sb-dns {]j ]cn-tim-[n-t - - Xp- v. icn-bmb ]cn-]m-e\w e`n- mø F n 50 ix-am- \-tømfw A[nI C \ snehv hcp-øn-sh- pw. Im th hn[w k hokv snøm-xn-cn- p- Xv F n Hmbn-ens km{μx Ipd-bp- -Xn\pw AXv F n-\n Dc-kepw tisp-]m Spw D m-ip- -Xn\pw Imc- W-am-hmw. ss{uhv snøp coxn v A\p-k-cn v C -\-D-]-tbm-KØnepw G - p-d- n-ep- m- Ipw. v Bh-iy-Øn IqSp-X D]-tbm- Kn- p {]h-wx ]e ss{uh am p-ap- v. km[m-c-w-\n-e-bn h n Ãm v snbvxv ss{uhnwkv XpS-ßp-tºmgpw Knb amdp-tºmgpw ss{uhnwkv Ah-km-\n- n v h n \n Øn-bnSp-tºm-gp-amWv ns D]- tbm-kw. ]t Nne ss{uh am CS-bv n ss Knb am p-ibpw v \nc- -c-ambn D]- tbm-kn- p-ibpw snøp Xv Hcp ioe-am- mdp- v. CS-bv nss Knb am p-ibpw hfsc s]s v thkw Iq p-ibpw t{_ v snøp- Ibpw snøp- Xv ssatepv ix-am\w Ipd-bm Imc-W-amIpw Intem-ao- thk-x-bn ^Ãv Knbdpw Intem-ao- thk-x-bn sk v Knbdpw Intem-ao- thk-x-bn tx Uv Knbdpw Intem-ao- thk-x-bn t^m Øv Knbdpw 50 Intem-ao- -dn\v api-fn ^n^vxv Knbdpw D]-tbm-Kn- p- -XmWv DNn-Xw. an ss{uh amcpw kv]ouvao am{xamwv {i n- p- -Xv, F ns Smt m-ao- {i n- m-dn-. h n HmSp-tºmƒ F n\v FSp- m-hp ]c-am-h[n tijn-sb-bmwv Smt m-ao- kqnn- n- p- -Xv. s]t{smƒ Imdp- I-fpsS Smt m-ao B ]n-f-ωn-t\- mƒ IqSp-X-em-Im ]msn-. ]Xn-hmbn F n ]cn-tim-[n- p-ibm Wv Imcy- -a-amb Im D]-tbm-K-Øn\v th ASpØ Imcyw. icn-bmb ]cn-]me \w e`n- mø F n 50 ix-am-\-tømfw A[nI C \ snehv hcp-øn-sh- pw. Im am\p-h-ense \n tziw A\p-k-cn v IrXy-amb CS-th-f-I-fn F Pn Hmbn sn v snbvxn-cn- -Ww. Im th hn[w k hokv snøm-xn-cn- p- Xv F n Hmbnens km{μx Ipd-bp- -Xn\pw AXv F n- \n Dc-kepw tisp-]mspw D m-ip- -Xn\pw Imc-W-am-tb- mw.

27 Tech Time B{I-a-W-߃ t\cn-ts n hcn-i-bm-sw- n kplr-øp- fpsstbm D -h-cp-sstbm klm-bw txsp- -Xn- \mbn D]-tbm-Kn- m-hp- - samss_ Bπn-t -j-\p-iƒ v Zn n kw`-h-øn\p tijw {]Nm-c-ta-dp- p. A m vuv _møvdqw HgnsI F mw Ct m ƒ samss_-en-ep v F mwv ssivtkhn IqSn-bmb kq Ãm aωq- n-bpss Ia v. samss_ Bπn-t -j-\p-i-fpss {]hmlw h -txmss kvam vt^m-wn GXp Xc-Ønep ]co- -W-hp-amImw F m-bn. Hcm-fpsS hy n-kp-c v hsc C v kvam vt^m- Wnse hnc Øp-ºn skmeyq-j D v. cmpy-øns a\-km- nsb \Sp- nb Zn n-bnse Iq -_-em- w-k-øn\p tijw kv{xoi-fpss kpc- -bv mbn D]-tbm-Kn- mhp AXym[p-\nI samss_ Bπn-t -j-\p-iƒ v {]Nm-c-ta-dp- Ibm-Wv. CØcw Bπn-t -j-\p- Iƒ Uu temuv snøp-ibpw Xß-fpsS t^mwnse Ahiy ^o -dp-i-fn-sem- mbn Dƒs -Sp- Øp-Ibpw snøp- -h-cpss FÆw h [n- p-i-bm-wv. A]m-b-I-c-amb kml-n-cyßsf t\cn-ts n hcn-i-bm-sw- n kplr-øp- fpsstbm D -hcp-sstbm klm-bw txsp- -Xn-\mbn D]-tbm-Kn- m-hp- -bmwv CØcw samss_ Bπn-t -j-\p-iƒ. kvam vt^m-wnse _ Hcp XhW Aa ØpI am{xw snbvxm axn, A]ISsØ Ipdn p Ae pw t^mwns DSa ÿnxn snøp ÿesø Ipdn- p-ap hnh-c-ßfpw ktμ-i-ambn \ Is - n- p- m-ipw. B{I-an-Isf t\cn-ts nhcp B]-XvL- -ß-fn t^mwn A]-I-SsØ Ipdn v hnh-cn- p- - Xn\pw ÿesø Ipdn v hni-zam- p- -Xn-\p-sams ka-bhpw a\- km- n-[yhpw In -W-sa- n. C Øcw kml-n-cy-ß-fn-emwv Hcp _ Aa Øn-bm-ep-S ktμ iw ssiam-dm-\p Bπn-t -j-\p- Iƒ {]tbm-p-\-{]-z-am-ip-i. C y-bnse BZysØ ssen timw C Izn-t_- -dmb If-a-ticnbnse Ãm v-a v hnt -Pnse ssa Uvsl-enIvkv ssivt\m-tkm ƒ F ÿm]-\-øns ÿm]- I-cmb c v bp-hm- ƒ cq]-s -Sp- Ønb sk n-s\ CØ-c-Ønep Bπn-t -j-\m-wv. CXv C s\ v hgn kup-\y-ambn Uu temuv snømw. alo{μ {Kq v ÿm ]-\-amb Im hmkvfw cq]-s -Sp- Ønb ss^ v_m v, apwss_ s]meo-kn\p th n si]n-fwpn hni-kn- n sfkv F n-hbpw Cu KW-Øn s]sp Bπn-t -j-\p-ifm-wv. sk n-s\ hgn Fkv-Fw-Fkv Ae v, C -sa-bn Ae v F n-h p ]pdsa t^m timƒ Ae pw Ab- m km[n- pw. Zn n kw`-h-øn\p tijw Cu Bπnt -j ho pw \ho-i-cn- -s - n- p- v. t^m DSa _ -Wn hnc Aa Øn-bns - n t]mepw A{I-a-th-f-I-fn ktμiw Ab- m-hp coxn-bn-emwv Cu Bπn-t j cq]-s -Sp-Øn-bn-cn- p- -Xv. A{Ian t^m XI m {ian- m Bπn-t -j hgn Hmt m-am- n- mbn ktμiw Ab- -s - n- p- m-ipw. C s\ v IW- e`y-a-s - n Fkv -Fw-Fkv Ae v Ab s - n-cn- pw. alo{μ & alo{μ {Kq v ÿm]-\-amb Im hmkvfw cq]-s -Sp-Ønb ss^ v_m v tkmjy s\ vh nwkv sh_vssk- mb t^kv_p- p-ambpw GtIm-]n- n n p- v. Hcm ƒ Ae v Ab- p-i-gn- m Abm-fpsS t^kv_p- v Ãm -kn AXv A]vtU v snbvxn-cn- pw. t^kv_p v sat -Pntem Fkv-Fw-F-knse ssl en- ntem n v snbvxm Ae v Ab kabtøm ssm w KqKvƒ am n A]- ISw \S ÿehpw ImWn- n-cn- pw. \ne-hn Cu Bπn-t -j kvam vt^m- Wp-I-fn am{x-ta D]-tbm-Kn- m km[n- p-i-bp- q-sh- nepw Ch-bpsS ASpØ th j- t_kniv t^mwp- I-fnepw D]-tbm-Kn- m km [n- p-sa mwv Iº\n ta[mhn-iƒ hy -am- p- -Xv. ss^ v_m v t\csø Uu temuv snøp- -Xn\v 100 cq] CuSm- n-bn-cp- p. Zn n kw`-h-øn\p tijw Cu Bπn-t -j kup-\yambn \ Im Iº\n Xocpam-\n- p-i-bm-bn-cp- p. Szn dn se Xs Hcp t^mtfm-h-dpss A`n-{]m-bsØ XpS mwv alo{μ {Kq v snb am B\μv alo{μ ss^ v_m v kup-\y-ambn \ Im Xocpam-\n- -Xv. B{I-a-W-ßsf XS-bm- \mbn B[p-\nI kmt -Xn-Ihn-Zy-Iƒ D]-tbm-Kn- p- -Xn `mk-ambn apwss_ s]meokmwv C y-bn BZy-ambn CØcw Bπn-t -j-\p-iƒ D]-tbm-Kn pxps-ßn-b-xv. apw ss_ s]meo-kns sh_v ssk- n \n v sfkv F Bπn-t -j kup-\y-ambn Uu temuv snømw. A{I akw`-h-tømsv G hpw thk- Øn {]Xn-I-cn- m s]meokns\ k -am- p p F - Xn-\m `mhn-bn C y-bn se CXc `mk-ß-fnepw s]m eokv tk\ CXv amxr-i-bm- p-sa v {]Xo- n mw. sluvpv Hmlcn s^{_p-hcn

28 Brand Equity ]c-ky-ß-fn \n p hcp-am-\-øn t[mwnbpw jmdqjpw Xs ap n Ign h jw C y {In v Sow Iym]v atl{μ knwkv t[mwnbpw t_mfn-hpuv kq Xmcw jmdq-jvjm\pw ]c-ky-i-cm-dp-i-fn \n v t\sn-b hcp-am\w ]Øv timsntbmfw cq]- hoxam-wv. ]c-ky-ß-fn \n v G hpw IqSp-X hcpam-\-ap- m- p C y- m-c F ÿm\w Ct mgpw C y {In v Soans Iym]v atl{μ knwkv t[mwn p Xs hnhn[ Iº-\n-I-fpsS {_m v Aw_m-kn-Usd \ne-bn t[mwn t\snb hcp-am\w F v- -]Øv timsn cq]-bm-wv. ]c-ky-ßfn \n p h-cp-am-\-øn t[mwn v H w Xs t_mfnhpunse InwKvJm jmdq-jvjm-\p-ap- v. Ign h jw h kmº ØnI hnpbw t\snb Nn{X-ß-fp ss FÆ-ß-fpsS Imcy-Øn k am Jm\pw A -bvip-am-dp-sam-s jmdq-jvjms\ IS-Øn-sh- n-sb- n epw G hpw hne IqSnb t_mfnhpuv {_m v Ct mgpw jmdq-jvjm Xs. Ign h jw Ggv- - ]Øv timsn cq]-bmwv At±lw Xs {_m vio Øn D]-tbm-Kn v ]c-ky-ß-fneqss t\sn-b-xv. Hcp Iº-\n-bpsS {_m v Aw _m-kn-u-dm-ip- -Xn\v jmdq-jn-t\- mƒ IqSp-X XpI CuSm- p GI t_mfn-hpuv Xmcw Aao Jm- \m-wv. Hcp Iº-\n-bp-ambn Icm-dn G s -Sp- -Xn\v {]Xn-h jw 15 timsn cq]-bmwv Aao Jm CuSm- p- -Xv. AtX kabw ]cky hyh-km b taj-e-bnse Cu kq Xm-cß-sf-sbms IS-Øn-sh- m Ign h jw EXznIv tdm j\v km[n- p-am-bn-cp- p. X\n v Xr]vXn-I-c-a- m-ø-xn-\m 20 timsn cq]-bpss ]cky Icm-dmWv EXznIv tdmj ths - p-sh- -Xv. Hcp t^m Iº-\n-bpsS Hm^-dmWv EXznIv tdmj \nc-kn- -Xv. Iº-\n-bpsS ]cky, hn]-w\ Bi-b-߃ Xr]vXn-I-csa v txm m-ø-xn-\m-emwv EXznIv tdmj CØ-c-samcp "ISpØ' Xocp-am-\-sa-Sp-Ø-Xv. XpS- -Øn Hm^ 15 timsn cq]-bp-ts-xmbn-cp- p. Iº-\nbpw EXznIv tdmj\pw XΩnep N -Iƒ ]ptcm-k-an- -t mƒ XpI timsn cq]-bmbn Db p. Hm^ kzoicn- m- EXznIv tdmj BZy-L- -Øn apxn -Xm-sW- nepw Iº-\n-bpsS ]ckyw kw_- n Bibw Dƒs m- m km[n- m-ø-xns\ XpS v Icm \nc-kn- p-ibm-bn-cp- p. 28 sluvpv Hmlcn s^{_p-hcn 2013 Cu Iº-\n-bpsS t^m EXznIv tdmj D]-tbm-Kn- m-øxpw Icm \nc-kn- p- Xn\v Imc-W-am-bn- p- -s{x. Xm D]-tbm- Kn- mø Hcp D - -Øns ]c-ky-øn A`n-\-bn- p- Xv icn-b-s Imgv - msmwv EXznIv tdmj\p -sx v At±-l-hp-ambn ASp- -ap hrø-߃ ]d-bp- p. Ht sd dpw Cu taj-e-bn Unam v h [n- p-h-cp Xmc-am-Wv. t_mfn-hpuv \Sn-I-fn Ico\m I]q, {]nb m tnm{], I{Xo\ sibv^v F n-hcmwv Ign h jw ]c-ky-i-cm-dp-i-fn-eqss G hpw IqSp-X hcp-am-\-ap- m- n-b-xv. Ieym Pzt gvkv t]mep Iº-\n-I-fpsS {_m v Aw_m-kn-U-dmbn sfiz-cy-dmbn ]c-ky-nn-{x-ß-fn EXznIv tdmj {]Xy- -s -Sm-Ø-Xns Imc-Whpw CXm-W-s{X. timsn-iƒ In psa- n GXv D - -Øns ]c-ky-øn\pw t]mkv snøm Xbm-dm-Ip Xmc-߃ EXznIv tdmjs\ \an- pi Xs snø-ww. Xnf-ßp bph-xm-c-߃ v "bqøv sf ' F \ne-bnep BI j-wobx ]c-ky-hy-h-kmb taj-e-bnse AhcpsS aqeyw h [n- n- p- p. k n\pw t[m Wnbpw Ign- m hncmsv timlvenbmwv ]c-ky-\n am-xm- ƒ v {]nb- -c-\mb {In v Xmcw. t_mfn-hpuv Xmcw c _o I]qho pw ]c-ky-ß-fn apjw ImWn- p-xp-sßn-bn- p-s - nepw ]c-ky-\n am-xm- ƒ v G hpw {]nb- -cn-bmb C y- mcnsb ÿm\w Ah v Xncn- p-in- n-bn- n-. XmcaqeyØns ]S-hp-Iƒ Ib-dn-s m- n-cn- p t_mfn-hpuv kpμ-cn-i-fmb A\pjvIm i a pw Zo]nIm ]Zp-tImWn\pw Ign h jw IqSp-X ]c-ky-i-cm-dp-iƒ e`n- p. \S am-tc- mƒ IqSp-X ]c-ky-ß-fn {]Xy- -s -Sp- Xv \Sn-am-cm-Wv. F m kn\n-a-bn-se t]mse ]c-ky-i-cm-dpi-fpss Imcy-Ønepw \Sn-am-tc- mƒ hfsc henb {]Xn-^-e-amWv \S am v In p- -Xv. ]cky-ß-fn \n p hcp-am-\-øns Imcy- Øn \S am s m w FØm \Sn-am v an -t mgpw Ign-bm-ØXns Imc-Whpw AXp-X-s.

29 News Scan ^okv \ ImsX ayqnz ^ v GP mbn cpn-ã snømw ayqnz ^ v hn]-w\ cwk-tø v IqSp- X hnx-c-w- m-scbpw AssUz-k amscbpw BI jn- p- -Xn-\mbn Ak v amt\-pvsa v Iº-\n-I-fpsS kan-xn-bmb Bw^n (A-tkm-kn-tb-j Hm^v ayqnz ^ vkv C C y) \o w \S-Øp- p. Bdv amk-tø v ayqnz ^ v Unkv{Sn- _yq- am pw kzx{ ambn {]h Øn- p ^n\m jy AssUz-k am pw 3000 cq] ^okv \ ImsX cpn-kvt{s-j \S-Ømw. BZy-ambn cpn-ã snøp Unkv{Sn-_yq- am pw AssUz-k am pw am{x-amwv Cu B\p-Iqeyw. s^{_phcn H v apx Pq 30 hsc cpn-ã snøp- -h ^okv \ ti- -Xn-. ayqnz ^ v hnx-cw irwje Ct mgp Xns aq n-c- n-bm- pi F e ytøm-ss-bmwv Cu ^okv B\p-Iq eyw \ Im Bw^n Xocp-am-\n- -Xv. \nehn 49,000 Unkv{Sn-_yq- am-cm-wp- -Xv. CXv 1.5 e -am- p-i-bmwv Bw^n-bpsS e yw. CS-Øcw ] -W-ß-fnse Unkv{Sn- _yq- am-cpss FÆw h [n- n- m Cu \o w klm-b-i-am-ip-sa- mwv Bw^n ayqnz ^ v hnx-cw irw Je Ct m-gp Xns aq n-c- n-bm- pi F XmWv Bw^n-bpsS e yw. \nehn 49,000 Unkv{Sn-_yq- am-cm-wp- -Xv. CXv 1.5 e -am- p-i-bmwv Bw^nbpsS e yw. {]Xo- n- p- -Xv. CS-Øcw ] -W-ß-fnsebpw {Kma-ß-fn-sebpw \nt -]-Øn\v tijn-bp hsc ayqnz ^ v \nt -]- Øn-te v BI jn- pi-bmwv Bw^nbpsS e yw. \ne-hn kºm-zy-øn-\mbp [\-Imcy D - -ßfn ayqnz ^ n \nt -]n- -s -Sp- Xv \mev ixam\w am{x-am-wv. kz Ww, dnb FtÃ- v, C jp-d kv, _m v \nt ]w F n-h-bnemwv _m n 96 ix-am-\hpw \nt -]n- s -Sp- -Xv. hnx-cw irwje hym]n- n- p- -Xn-eqsS A v - -Bdv h j-øn-\p- n sndp-ins ] - W-ß-fn \n p- ayqnz ^ v \nt ]w samøw \nt -]-Øns 20 ix-am-\- ambn h [n- n- m km[n- p-sa- mwv {]Xo-. temiønse G hpw tamiw Iº-\n- v \ Ip ]ªnIv sf Ahm Un\v temi Ønse G hpw henb I cn \n am-xm- -fmb timƒ C y v t\man-t\-j. temi-ønse hnhn[ k m CXc kwl-s-\-iƒ tn mwv timƒ C ysb t\man-t\ v snbvx-xv. ]mcn-ÿn-xn-i, a\pjym-h-imi {]iv\-߃ G hpw tami-ambn ssiimcyw snøp Iº-\n- mwv Cu Ahm Uv \ Ip- -Xv. timƒ C y-bpss I cn J\n-Iƒ Ht sd henb kkvx-\n-i-fpss Bhm-k-tItamiw Iº-\n p Ahm Un\v timƒ C y-bpss t]cpw {μ-߃ XI Øp-sh pw BZn-hm-kn-I-fpsS ]m n-s-ßfpw P -`q-anbpw C m-xm- pibpw Ahsc Zmcn-{Zy-Øn-te v X n-hn-sp-ibpw snbvxp-sh pw t\man-t\-j-\n ]d-bp- p. ""2010 am{xw A]-I-S-ß-fn timƒ C ybnse 205 Poh-\- m acn- p-ibpw 699 t] v Kpcp-X-c-ambn ]cn-t p-ibpw snbvxp. timƒ C y-bnse sxmgn A -co w Zpcn-X- ]q W-am-sW v CXn \n v hy -am-wv. timƒ C y-bpss 239 I cn J\n-I-sf- nepw ]mcn-ÿn-xni A\p-aXn C m-sxbmwv {]h Øn- p- -Xv.'' timƒ C y-bvs -Xn-cmb hna i\w Cßs\ t]mip- p. hna i-\-ßsf Iº\n t\cn- Sp- Xv Cß-s\-bmWv: ""F m J\n-I-fnepw A]-IS߃ kw`hn- p- p- v. ]t A mcmjv{s \ne-hm-c-øn-ep kpc m kwhn-[m-\-߃ kzoi-cn- p- Xp aqew Rß-fpsS Iº-\nbnse A]-I-S-a-c-W-߃ Ipd- p-h-cn-i-bm-wv. J\n-I-fnse a\p-jym-h-im-i-ß-sfbpw ]cn-ÿn-xn-sbbpw am\n- mø Iº-\n-Iƒ v \ Ip ]ªnIv sf A hm Un\v C y-bn \n v Hcp Iº\n BZy-am-bmWv t\man-t\ v snø-s -Sp- -Xv. kpc- -bv mbn cq]o-i-cn kanxnbpss \n tz-i-߃ J\n-I-fn \S- n-em- p- p- v. acn- -h-cp-ssbpw ]cn-t - -h-cp-ssbpw FÆw DuXn-ho n- -s - -Xm-Wv A]- ISßfn acn- Xv 98 t]cpw ]cn-t - Xv 308 t]cp-am-wv. CXv 2011 ]Ip-Xn-bmbn Ipd- n- p- v.'' a\p-jym-h-im-i-ß-sfbpw ]cn-ÿn-xnsbbpw am\n- mø Iº-\n-Iƒ v \ Ip ]ªnIv sf Ahm Un\v C y-bn \n v Hcp Iº\n BZy-am-bmWv t\man-t\ v snøs -Sp- -Xv. sluvpv Hmlcn s^{_p-hcn

30 Agri Culture t]mj-i-k-ar- n v ] - -dn-iƒ Xs thww a\p-jy-i-co-c-øns icn-bmb hf bv pw {]h Ø-\-߃ pw ssph-ir-jn-bn-eqss D m- nb ] - dn D - -߃ ` W-Øn [mcm-f-ambn Dƒs -Sp-Øntb axn-bm-hq. kn.-l-cn-l-c icoc-øn\v Bh-iyamb t]mj-i-߃ th Af-hn e`yam- p ` yh-kvx- ƒ ]g-ßfpw ] - dn-i-fp-am-wv. a v ` Wß-fn ico-c-øn\v Bh-iy-amb aqe-i-ßfpss kωn-{i- q v th -hn[w AS-ßn-bn- n-. Aan-X-ambn ] - dn CXc ` -Ww Ign- p- Xv Kuc-hap Btcm-Ky-{]-iv\-߃ mwv hgn-sh- p- -Xv. imkv{x-temiw Is -Øn-bn- p- Xpw Is -Øm-\n-cn- p- -Xp-amb Ht sd t]mj-i-߃ IrXy-ambn e`n-s - n am{xta imco-cn-i- -am-\-kni {]h Ø-\-߃ IrXy-ambn \S- p-i-bp- q. AXv \nd-th- - s -S-W-sa- n \mw D]-tbm-Kn- p ` Ww ip -am-bn-cn- pibpw thww. Hcp snsn icn-bmb coxn-bn hf-cp- - Xn\v 16 aqe-i-߃ IrXy-amb ka-b-ß-fn AXn\v e`n- n-cn- -Wsa- mwv ]T-\-߃ shfn-s -Sp-Øp- -Xv. snsn A -co- -Øn \n v G hpw IqSp-X-embn kzoicn p aqe-i-ßfn Af-hn H m-a-xmbn Im _, ssl{u-p, Hm-Ivkn-P F nh-bpw c m-a-xmbn ss\{s-p, t^mkv^-dkv, s]m mjyw F nhbpw Dƒs -Sp- - p. Im yw, a o-jyw, kƒ^ F n-h-bmwv Af-hn ASp-Ø-Xmbn hcp aqe-i-߃. G hpw Ipd Af-hn kzoi-cn- p aqe-i-߃ t_mtdm, Atb, amwk-\okv, tim, kn v, tamfn-kn-\w, t mdn (C-hsb ssat{im-\yq-{sn-b kv F pw ]dbp- p) F n-h-bm-wv. Cu aqe-i-߃ icnbmb Af-hn e`n- p-tºmƒ snsn \ D m-z\w Xcp- p-sh- mwv imkv{xw Is -Øn-bn-cn- p- -Xv. a\p-jy-i-co-c- Øns icn-bmb hf bv pw {]h Ø- \-߃ pw Cu 16 aqe-i-߃ am{xw axnbm-hn-. cmk-ir-jn-bn-eqss D m-zn- n- p snsniƒ Cu 16 aqe-i-߃ am{x-amwv {]Zm\w snøp- -Xv. AXn-\m cmk-ir-jnbpss A]-cym]vXX Xncn- -dn ]m m- Xy ssph-irjnbneqss D m- nb ssph D - -ß-ƒ D]-tbm-Kn- m {]txyi Xm cyw Im p- p. ssph-ir-jn-bn-eqss hnf-bn-s -Sp- p D - -߃ F{X-am{Xw t]mji kº- -am-sw Xncn- -dn-hv ssph-d - -߃ p Unam v 30 sluvpv Hmlcn s^{_p-hcn 2013 h [n n p-ibpw ssph-ir-jn-bn-te- p Xncn- p-t]m v A\n-hm-cy-am- p-ibpw snbvxn-cn- p- p. a\p-jy\v icn-bmb BtcmKyw {]Zm\w snøp- Xv ssph-d - -߃ am{x-am-wv. ] - -dn-i-fpss t]mj-i-k-ar- nsb Ipdn- p sndnb hnh-c-w-amwv Xmsg \ Ip- -Xv. ]mhbv imco-cn-i-{]-h Ø-\-߃ v AXy- mt]- n-x-amb Hcp ] - -dn-bmwv ]m-h-bv. Zl-\-{]-{In-b v Bh-iyamb \mcp-iƒ (ss^_ ), [mxp- ƒ, ssh -an-\p-iƒ, cmk-ir-jn-bn-eqss D m-zn- n- p snsniƒ 16 aqe- I-߃ am{x-amwv {]Zm\w snøp- -Xv. AXn-\m cm k-ir-jn-bpss A]-cym]vXX Xncn- -dn ]m m-xy ssph-irjnbneqss D m- nb ssph D - -ß-ƒ D]-tbm-Kn- m {]txyi Xm cyw Im p- p. B n-hm-ivkn-u p-iƒ F nh IqSp-X-embn AS-ßn-bn-cn- p ]mhbv tcmk-{]-xn-tcm [ tijn h [n- n p p. Aan-X-amb {]ta lw, simf-kvt{smƒ F nh \nb-{ n- m klm-b-i-amb ]mhbv- -bn F,-_n,-kn F o ssh -an-\p-i-fp- v. ` -W-Øn F m Znh-khpw ]mhbv Dƒs -Sp-Øp- - Xn-eqsS Iym k-dns\ {]Xn-tcm-[n- m-\m-hpsa pw Is Øn-bn- p- v. F v-sfhn sshd-kn-s\-xnsc {]h Øn- m-\p tijn- ]mh- -bpss Huj-[-aq-eyw Db Øp- p. \of ]b /_o kv Zl-\-{]-{In-b v Bh-iyamb \mcp-iƒ [mcm-f-ambn AS-ßnb \of ]b c - Ønse NoØ simf-kvt{smƒ (F Un-F simf-kvt{smƒ) Ipd-bv m\pw klm-b-i-am- Wv. \of ]b-dn t^mtf v [mcm-f-ambn AS-ßn-bn-cn- p p. timi-ß-fpss hf pw ]p\-cp-xv]m-z-\-øn\pw t^mtf v AXym-h-iy-amWv. K `-ÿ-in-ip-hns Btcm-Ky-Øn\v DØ-a-am-sW- -Xn-\m K `n-wn-iƒ CXv [mcm-f-ambn ` -W-Øn Dƒs -Sp-Øp- Xv \ -Xm-Wv. ssh -an knbpw ico-c-øn\v Bh-iy-amb [mxp- fpw CXn AS-ßn-bn-cn- p- p. sh bv F m Znh-khpw ` -W-Øn Dƒs - Sp-tØ as mcp ] - -dn-bmwv sh bv. CXn [mxp- ƒ, \mcp-iƒ, ssh - an-\p-iƒ F nh kar -ambn ASßn-bncn- p- p. t mtdm-^n ]nkvsa F LSIw A[n-I-ambn D -Xn-\m

31 sh bv Ign- m B n-hm-ivkn-u p-ifpss {]h Ø\w \ coxn-bn \S- p- p. hmbbv v AI-Øp- m-ip Iym kdns\ {]Xn-tcm-[n- m sh bv \ -XmsW v ]T-\-߃ Nq n- m- p- p. hgp-x\ c -Ønse Aan-X-amb simf-kvt{smfns\ Ipd-bv m DØ-a-amWv hgp-x-\. ssh -an _n timwπ-ivkv, ssh -an _n5, _n6, sxbm-ao _n1, \nbm-kn _n3, Im t_m-ssl-t{u vkv F nh CXn ASßn-bn-cn- p- p. ico-c-øns sa -t_m-fn-k- Øn\pw \yqtdm-f-pn- tcmk-߃ pw ^e-{]-z-am-sw v dnt m p-iƒ shfn-s -Sp- Øp- p. Ip pw-_ ÿnc-ambn ` -W-Øn Ip pw-_ Dƒs -Sp-Øn-bm \ Xv. ss^_ [mcmf-ambn AS-ßn-bn-cn- p- -Xn-\m ae-_ w XS-bp- p. simf-kvt{smƒ Ipd- p- -Xn\pw IpS-ense Iym k XS-bp- -Xn\pw klm- imkv{x-temiw Is -Øn-bn- p- Xpw Is -Øm-\n-cn- p- -Xp-amb Ht sd t]mj-i߃ IrXy-ambn e`n-s - n am{xta imco-cn-i- -am-\-kni {]h Ø-\-߃ icnbmbn \S- p-i-bp- q. AXv \nd-th- -s -S-W-sa- n \mw D]-tbm- Kn- p ` Ww ip -am-bncn- pibpw thww. b-i-am-wv. s]m m-kyw, tkmunbw F o aqe-i-߃ IqSp-X-embn AS-ßn-bn-cn- p Ip pw-_ lrz-b-øns {]h Ø-\- ߃ pw tcmk-{]-xn-tcm-[-ti-jn pw \ - Xm-Wv. kuμ-cy-h [-I-h-kvXp- -fnepw Ip pw-_ [mcm-f-ambn D]-tbm-Kn- p- p- v. aø ImgvNbpw tcmk-{]-xn-tcm-[-ti-jnbpw \ne-\n Øp- -Xn\pw simf-kvt{smƒ \nb- { n- p- -Xn\pw sxmen- p-dsø Npfn-hp- Iƒ AI- p- -Xn\pw aø [mcm-f-ambn ` -W-Øn Dƒs -Sp-Øp- Xv \ -Xm-Wv. B n-hm-ivkn-u p-ifpw ssh -an-\p-ifpw [mxp- fpw ({]-txy-in v tim, Im yw, s]m m-kyw, t^mkv^d-kv) aø\n ASßn-bn-cn- p- p. Imc v kzmzn-jvs-amb Hcp ] - -dn-hn-f-bmwv \dp-a-[p-c-tømsp IqSnb Imc- v. simgp pw simf-kvt{smfpw \nb-{ n- p Imc v Zl- \-{]-{In-b pw \ -Xm-Wv. ico-c-ønse Im k sk p-i-sfbpw Syqa-dp-I-sfbpw \nb-{ n- m Imc- ns D]-tbm-K-Øn-eqsS km[n- p-sa v ]T-\-߃ Is -Øn-bn- p- v. kuμ-cy-h [-I-h-kvXp- -fnepw Imc v D]-tbm-Kn- mdp- v. Im]vkn w tcmk-{]-xn-tcm[ tijn v hfsc {]m[m- \y-a ln- p hnf-bmwv Im]vkn- w. {]ta-l-ap- -h ÿnc-ambn ` -W-tØmsSm w Im]vkn w D]-tbm-Kn- p Xv \ - Xm-Wv. F Un-F simf-kvt{sm-ƒ Ipdbv m\pw klm-b-i-am-wv. ], Nph v \ndß-fn-ep Im]vkn- -Øn ssh -an F, ssh -an kn, ssh -an _n -timw-π-ivkv, ssh -an {Kq mb \nbm-kn, ss]dntum Ivkn, dnt_m-^vfm-]n, sxbm-an F nhbpw AS-ßn-bn-cn- p- p. CXv ico-c-timiß-fpss {]h Ø-\-߃ Xzcn-X-s -Sp- Øm klm-b-i-am-wv. Imt_Pv Ce- dn hn`m-k-øn s]sp Imt_Pv ÿnc-ambn ` -W-Øn Dƒs -Sp-Øp- Xv \ -Xm-Wv. ssph-co-xn-bn D m-zn- n- p Imt_-Pn B n HmIvkn-U p-ifpw ssh - an knbpw IqSp-X-embn AS-ßn-bn-cn- p- p. Imt_-Pns D]-tbmKw hnhn[ Im k-dp- Isf sndp- pw. ssh -an si IqSp-X-embn AS-ßn-bn-cn- p- -Xn-\m F p-i-fpss hf pw Imt_Pv \ -Xm-Wv. GXm\p Nne ] - -dn-i-fpss KpW-ß sf Ipdn p am{x-amwv ChnsS ]d- n- p- -Xv. a v At\Iw ] - -dn-ifpw Ingßßp-h K-hn-f-Ifpw aqe-i-ß-fpss Ie-h-d-bm- Wv. (ssph-irjn coxn-iƒ, {Ko lukv Iƒ nth-j F nh \S- n-em- p-ibpw t{im]v amt\-pnwkv snbvxp-sim-sp- p-ibpw snøp Be- pg-bnse lcnx Hm Km-\nIv ^mwkn s DS-a-bmWv tej-i. t^m : ) sluvpv Hmlcn s^{_p-hcn

32 Career tpmen In m IjvS-s p ]Tn Un{Kn-Iƒ ad- p-sh v _tbm-um- -Iƒ Xbm-dm n At]- n- p hcpss FÆw s]cp-in-h-cn-i-bm-sw- v lyqa dntkm-gvkkv GP kn-iƒ hy -am- p- p-. A[nI-am-bm AarXpw hnjw F mwv snm v. ]T\w A[n-I-am-bm hnj-am-in-s - nepw tpmen In m hnj-a-am-ipw. \s mcp tpmen In m th n-bmwv ]Tn- p- -sx- nepw Bh-iy-Øn IqSp-X ]Tn- p-sh- m Ft m th m-xo\w ImWn a nemwv sxmgn Zm-b-I DtZym-Km n-isf kao-]n- p-i. bpfknse Hcp ^m a Iº-\n-bnse DtZym-K-ÿ-\mb hnthiv kmº-øn-i-amμyw Bcw-`n- -t mƒ as mcp tpmen- mbn Xnc- n XpS-ßn. ]ebnsøpw {ian- n pw \nehn-ep iº-ftam ]Z-hntbmbp tpmen- Iƒ In n-s v Dd- m-b-txmss hnthiv Xs _tbm-um- -bn \n v Un{Kn-Isf A{]-Xy- -am- m XpS-ßn. c v ]nf- vun-ifpw ssz Ly-ta-dnb A\p-`-h-]-cn-N-b-hp-ap hnthiv CsXm pw _tbm-um- -bn ImWn- msx tpmen v At]- n- -t mƒ kwkxn n m-bn. Hcp C y Icm \n amw Iº-\n-bn At±l-Øn\v tpmen In n. ]gb iº-f-øns ]IpXn t]mep-an-s - nepw Hcp tpmen In nbt m F v Biz-kn- p-i-bmwv hnthiv snbvx-xv. adn v Xs bym _tbm- Um- - shfn-s -Sp-Øn-bn-cp-s - n hnth-in\v "Hmh Izm-fn-ss^Uv' ] w NpaØn tpmen \ntj-[n- p-am-bn-cp- p. kmº-øn-i-amμyw hym]n- -txmss C ybnse sxmgn hn]-wn-bnepw ÿnxn kam- \-am-wv. tpmen In m IjvS-s p ]Tn Un{Kn-Iƒ ad- p-sh v _tbm-um- -Iƒ Xbmdm n At]- n- p hcpss FÆw s]cp- In-h-cn-I-bm-sW- mwv lyqa dntkm-gvkkv GP kn-iƒ hy -am- p- -Xv. Ign Hcp h j-øn-\n-ss-bmwv C y-bn Cu {]h-wx i -am-bxv. ]Tn hnzy-iƒ tpmen v Bh-iy-an- m- Ø-Xm-sW- n _tbm-um- -bn \n v B hnzy-i-fpss Un{Kn-Iƒ A{]-Xy- -am- p hnzy {]tbm-kn- p- -h-cpss FÆw ASpØ Ime-Ømbn 50 ix-am-\-tømfw h [n- n- ps - mwv lyqa dntkm-gvkkv GP kn- Iƒ ]d-bp- -Xv. C y-bnse \mev- -A v ix-am\w ko\n-b s{]m^-j-w-ep-ifpw CØ-c-Øn _tbm-um bn Xs apgph hnzym-`ym-k- -s{]m-^-j-w Ncn-{Xhpw \ ImØ-h-cmW-s{X. (FwF H mw mkn ]mkmbn pw k m k ho-kn emãv t{kuv tpmen snøp- -hsc I p-hcp \msmwv \ΩpsS sim p-ti-cfw. `mky- Øn\v \ΩpsS k m A[n-I-hn-Zym-`ym- 32 sluvpv Hmlcn s^{_p-hcn 2013 ]T\w Aan-X-am-bm tpmen In m hnj-a-amipw k-tbmkyx D -h v tpmen \ntj-[n p XpS-ßn-bn- n-.) F Pn-\o-b-dnwKv amã _ncp- Z-[m-cn-Iƒ v \ Ime-a ]Tn Xv A[n-I-am-bn-t m-b-xns t]cn tpmen Is -Øm hnj-an- p- -h-cmwv F Pn-\o-b-dnwKn amã _ncp-z-ap Hcp hn`mkw t]. an F Pn-\o-b-dnwKv Iº- \n-iƒ pw _ncp-zm-\- c _ncp-z-[m-cn-itfm Sv Xm -cy-an-. "Hmh Izmfn-ss^Uv' Bb AhcpsS tbmky-x v A\p-k-cn- p tpmen-bn F -XmWv ]e Iº-\n-Ifpw ]d-bp \ymbw. _ncpzw am{x-ap h v amã _ncp-z-ap- -h-tc- mƒ iºfw Ipd psim-sp-øm axn-sb Xpw _ncp-z-[m-cn-isf _ncpzw am{x-ap h v amã _ncp-z-ap- -h-tc- mƒ iºfw Ipd p-sim-sp- Øm axn-sb Xpw _ncp- Z-[m-cn-Isf Xß-fpsS Bhiy-߃ v A\p-k-cn v ]mis SpØn-sb-Sp- m Ffp- -am-sw- Xpw amã _ncp-z- mtcmsp hnap-j- X-bpsS Imc-W-ß-fm-Wv. Xß-fpsS Bh-iy-߃ v A\p-k-cn v ]mis SpØn-sb-Sp- m Ffp- -am-sw- Xpw amã _ncp-z- mtcmsp hnap-j-x-bp ss a v Imc-W-ß-fm-Wv. tbmky-x-tb- mƒ tpmen-bnse ssh`h Øn\v {]mapjyw \ Ip Iº-\n-Iƒ v amã _ncp-z-[m-cn-isf FSp-ØXp sim v X߃ v {]txy-in-s mcp KpW-hp-an F \ne-]msv IqSn-bp- v. amã _ncp-z- [m-cn-isf \n _- -ambpw Bh-iy-ap Nne XkvXn-I-Iƒ Iº-\n-I-fn-ep- v. ]t Ah p ]pd-sa-bp XkvXn-I-I-fn amã _ncp-z-[m-cn-isf \nb-an- m an F Pn-\o-b-dnwKv Iº-\n-Ifpw Xm -cy-s -Sp- n-. dnk v, s{]muiv v suh-e-]vsa v XpSßnb hn`m-kß-fn-emwv FwsS- p-imsc F Pn-\o-b-dnwKv Iº-\n-Iƒ ]cn-k-wn- p- -Xv. ]t B hn`m-kß-fn- Hcp ]cn-[nbn IqSp-X XkvXn-I-Iƒ D m-im-dn-. ]e F Pn-\o-b-dnwKv Iº-\n-Ifpw amã _ncp-z-ap- -h-tc- mƒ H n IqSp-X {_m p-i-fn _ncp-z-ap- -h mwv ]cn- K-W\ \ Ip- -Xv F -XmWv sxmgn hn]-wn-bnse as mcp {]h-wx. {_m p- Iƒ v A\p-k-cn v amã _ncp-z-[m-cn-i ƒ p Unam pw hyxy-kvx-am-wv. Iºyq- kb knepw Ce-Ivt{Sm-Wn-Ivknepw amã _ncp-z-ap -h v ani Ah-k-c߃ e`n- p- p-s - nepw knhn F Pn- \o-b-dnw-kn amã _ncp-z-ap -h v Unam v Ipd-hm-Wv. amã _ncp-z-[m-cn-isf \n _- -ambpw Bh-iy-ap XkvXn-I-Ifn Xmc-X-tay\ h [-\hv Ipd-hm-sW- Xp Xs Imc-Ww.

33 Real Estate ]W-s -cp- w, `h-\-hmbv]bpss ]en-i-\n-c v F nh h [n- Xpw kmº-øni hf apc-sn- Xpw aqew 2012 C y-bnse {]apj \K-c-ß-fnse `h-\-hn -\-bn KWy-amb Ipd-hp- m-b-xmbn dnt m p-iƒ Nq n- m- p- p. `h-\-hn \bpw ]pxnb ] XnIfpw Ipdbp p 2012 `h-\-hn \bpw dnb Ftà v suh-e- am-cpss ]pxnb s{]mp-ivsp-ifpw Ipd- Xmbn t{]m n I kƒ p-amcpss dnt m p-i-fn ]d-bp- p. Ign h jw `h-\-ß-fpss hne IqSn-bXpw `h- \- hm-bv]-bpss ]eni \nc v h [n- Xpw aqew C y-bnse Bdv {]apj \K-c-ßfnse `h-\-hn \ 16 ix-am\w Ipd- - Xmbn t{]m n I kƒ mb ss\ v {^m ns dnt m n ]d-bp- p hn p-t]mb `h-\-ß-fpss FÆ-hp-ambn Xmc- Xayw snøp-tºmƒ 2012 hn -\-bn 2.10 e w `h-\-ß-fpss Ipd-hm-Wp- m-b-xv. Zn n, apwss_, ]qs\, _mw q, sslzcm-_mzv, snss F o Bdv \K-c-ß-fn ]pxnb s{]mp-ivsp-iƒ Bcw-`n- p- -Xn 30 ix-am\w Ipd-hm-Wp- m-b-sx v dnt m n hy -am- p- p ]pxnb s{]mp-ivsp-iƒ Bcw-`n- p- -Xn Ggv ixam\w Ipd-hm-Wp- m-bn-cp- -Xv Cu Bdv \K-c-ß-fn hnhn[ s{]mp-ivsp-i-fn-embn 2,41,811 `h-\-ß-fmwv \n an- -Xv. AtX kabw ,43,142 `h- \-ß-fmWv \n an- -Xv ,49,127 `h-\- ß-fmWv hn -sx- n ,09,787 `h-\- ßfmWv hn pt]mbxv Cu Bdv \Kc-ß-fnse hn \ 14 ix-am\w Ipd- ncp- p. `h-\-hn \ Ign GXm\pw h jß-fmbn Ipd- p-h-cp kml-n-cy-øn- ]pxnb s{]mpivspiƒ Bcw-`n- p- -Xn _n U am Gsd Icp-X ]men- p-i-bm- Wv. CXv aqew 2012 \n an `h-\-ß-fpssbpw hn `h-\-ß-fp-ssbpw FÆ-Ønep hyxymkw Ipd- p \n an- `h-\-ß-fp-ssbpw hn `h-\-ß-fp-ssbpw FÆ-Øn-ep hyxymkw 32,000 BWv. \n an- `h-\-ß-fp-ssbpw hn `h-\-ß-fpssbpw FÆ-Øn-ep hyxymkw ,000Dw ,000Dw Bbn-cp- p Pqsse apx _m p-iƒ \ Ip `h-\-hm-bv]-bn Cc- -b- -Øn-ep hf bmwv D m-b-sx- n 2012 Pq apx hf Ipd- p. `h-\-hn-ebpw `h-\-hmbv]-bpss ]en-i-\n-c pw Hcp t]mse IqSnb-XmWv CXn\p Imc-Ww. ItΩ-gvky dnb Ftà v taje v _m p-iƒ \ Ip hmbv]bpw KWy-ambn Ipd- p PqWn ItΩ-gvky dnb Ftà v hmbv]m hf ix-am-\-am-bn-cp- p. CXv 2012 sk]v w-_-dn 3.88 ix-am-\-ambn Ipd- p. C y-bnse Bdv {]apj \K-c-ß-fnse `h-\-hn \ 16 ix-am\w Ipd- - Xmbn ss\ v {^m ns dnt m n ]d-bp- p hn p-t]mb `h-\- ß-fpsS FÆ-hp-ambn Xmc-Xayw snøp-tºmƒ 2012 hn -\-bn 2.10 e w `h-\-ß-fpss Ipd-hm-Wp- m-b-xv. \nt -]IcpsS Xm cyw h [n- p p C y-bnse F v {]apj \K-c-ß-fn `h-\-hn \ 16 ix-am\w Ipd- -Xmbn t m_ t{]m n I kƒ mb Ipjvam & th v^o Upw hy -am- p- p. Zn n, apwss_, ]q\, _mw q, sslzcm-_m-zv, snss, sim -Ø, AlΩ-Zm- _mzv F o F v \K-c-ß-fnse dnb Ftà v taj-e-sb-bmwv Ipjvam & th v ^o Uv ]T\ hnt[-b-am- n-b-xv hn p-t]mb `h-\-ß-fpss FÆ-hp-am bn Xmc- Xayw snøp-tºmƒ Cu F v \K-c-ß-fnse hn -\-bn 1.60 e w `h-\-ß-fpss Ipdhm-Wp- m-b-sx v Ah-cpsS ]T\ dnt m n hy -am- p- p Zn n-bn 54,500 `h-\-ßfpw ]qs\-bn 24,000 `h-\-ßfpw apwss_-bn 22,500 `h-\-ßfpw snss -bn 20,800 `h- \-ß-fp-amWv hn -Xv. Db ]W-s -cp- w, Db `h-\-hmbv]m ]en-i-\n-c- v, Ipd kmº-øni hf F n-h-bmwv `h- \-hn \ Ipd- -Xn\v Imc-W-ambn Nq n- m- p- -Xv. ssihiw Bh-iy-ap ]W-an- mø suh-e- am ]pxnb s{]mp-ivsp- Iƒ Bcw-`n- m asn- p-i-bm-sw v dnt m n ]d-bp- p. AtX kabw \nt -]-sa \ne-bn `h-\-߃ hmßp- -Xn-\p Xm cyw Gdnhcn-I-bm-Wv. \nt ]w \S-Øp- -Xn- \p icn-bmb ka-b-am-wv Ct msg kao- ]-\-amwv \nt -]-I p- -Xv. {][m\ \Kc-ß-fn hne h [n- -Xns Imc-Whpw CXm-Wv. sluvpv Hmlcn s^{_p-hcn

34 Insurance BtcmKy C jp-d kv ]cn-c "tsm]v- -A]v ' snømw \ne-hn-ep BtcmKy C jp-d kv t]mfn-kn p ]pdsa as mcp t]mfnkn FSp- p-itbm Ih-tdPv XpI h [n- n- p-itbm snøp- -Xn\v \ ti {]oan-bw XpI-bpsS GI-tZiw aq n-sem v axn-bmipw tsm]v- - A]v t]mfn-kn- FSp- p- -Xn-\p {]oan-bw XpI. hm jnim-sn-ÿm-\-øn F v H ]Xv ix-am-\-amwv ]W-s -cp sa nepw NnIn m sne-hp-ifnse s]cp w AXns c n-c- nbntesd-bm-wv. hm jn-im-sn-ÿm-\- Øn NnIn m sne-hp-ifnep- m-ip h [\ ix-am-\-amwv. Zn\w-{]Xn h [n- p NnIn m sne-hv hcp-am-\sø Im p-xn- m-xn-cn- m BtcmKy C jp-d kv IqSntb Xocq-sh v am{x-a-, snehv IqSp- -Xn\v A\p-k-cn v axn-bmb ]cn-c Dd- p-h-cp-øp-ibpw sntø- -Xp- v. At m ]tøm h jw apsº-spø B tcmky C jp-d kv t]mfnknbnse Ih-tdPv XpI am{x-amwv Ct mgpw \nß-fpss B tcmky C jp-d kv ]cn-c- -sb- n AXv h [n- n-t -Xp- v. A v h jw apº sø NnIn m snehv Ct mƒ Cc- n-bn-tesd-bm-bn- p- m-ip-sa- Xp Xs Imc-Ww. km[m-c-w-\n-e-bn Ih-tdPv XpI h [n- n- m-\mbn as mcp BtcmKy C jpd kv t]mfnkn IqSn FSp- p-i-bmwv am Kw. As - n \ne-hn-ep t]mfn-kn-bpss IhtdPv XpI h [n- n- mw. c mbmepw AXn\v A\p-kr-X-ambn \nß-fpss hm jni {]oan-bhpw h [n- pw. Xmc-X-tay\ Ipd A[nI {]oanbw \ In Ih-tdPv Iq p- -Xn-\p as mcp am Kw tsm]v- -A]v t]mfn-kn-iƒ FSp- p-i-bm- Wv. as mcp BtcmKy C jp-d kv t]mfnkn FSp- p-itbm Ih-tdPv XpI h [n- n- p-itbm snøp- - Xn\v \ ti {]oan-b Øns GI-tZiw aq n-sem v axn-bmipw tsm]v- -A]v t]mfnkn- FSp- - p- -Xn-\p {]oan-bw. \ne-hn-ep BtcmKy C jp-d kv t]mfn-kn-bpss Ih-tdPv A]-cym-]vX-ambn hcp L -ß-fn-emWv tsm]v- - A]v t]mfn-kn-i-fpss {]tbm- P\w e`n- p- -Xv. DZm-l-c-W- Øn\v Hcp e w cq]-bpss BtcmKy C jp-d kv Ihtd-Pp BfmWv \nß-sf v Icp-Xp-I. \n߃ v 1.25 e w cq] Bip-]{Xn snehv hcn-i-bm-sw- n 34 sluvpv Hmlcn s^{_p-hcn 2013 \ne-hn-ep BtcmKy C jp-d kv t]mfn-kn-bpss Ih-tdPv A]-cym-]vX-ambn hcp L -ß-fn-emWv tsm]v- -A]v t]mfn-kn-i-fpss {] tbm-p\w e`n- p- -Xv. {Kq v C jp-d kv t]mfn-kn-iƒ v Iogn-embn Ih-td-Pp- h v tsm]v- -A]v t]mfn-kn- Iƒ Gsd D]-tbm-K-{]-Z-amWv. Hcp e w cq] am{xta s bnw snøm-\m- Iq. _m n 25,000 cq] ssibn \n v \ ti n-h-cpw. AtX kabw \n߃ v tsm v- -A]v t]mfn-kn-bps - n A[nIw h 25,000 cq]-bpss s bnan\mbn tsm]v - A]v t]mfnkn D]-tbm-Kn- mw. km[m-cw \ne-bn H n IqSp-X t]mfn-kn-i-fp-s - n XpI F{X-bm-bmepw s bnw c v t]mfn-kn-i-fn-te- p-ambn t]m Ipw. AtX kabw t_kv t]mfn-kn-bpss IhtdPv XpI v api-fn s bnw XpI hcn- I-bm-sW- n am{xta tsm]v - -A]v t]mfnkn hgn s bnw \ Im-\m-hq. CXp Xs -bmwv km[m-cw t]mfn-kn-tb- mƒ tsm v- -A]v t]mfn-kn-bpss {]oanbw XpI Ipd-bp- -Xn- \p Imc-Ww. AtX kabw t]mfnkn DSasb kw_- n v Ipd {]oanbw \ In A[nI Ih-tdPv Dd- p-h-cp-øp- -Xn\v tsm]v- -A]v t]mfnkn klm-b-i-am-ip- p. km[m-cw BtcmKy C jp-d kv t]mfnkn-iƒ \ Ip- -Xn\p kam-\-amb ]cn-c- bmwv tsm]v- -A]v t]mfn-kn-iƒ \ Ip- - Xv. {][m\ t]mfn-kn-bpss Ih-tdPv XpI v api-fn snehv hcn-i-bm-sw- n am{xta tsm]v- -A]v t]mfnkn hgn s bnw \ Im- \miq F Xv am{x-amwv hyxym-kw. Iº-\n-I-fpsS {Kq v C jp-d kv t]mfnkn-iƒ v Iogn-embn C jp-d kv Ih-td- Pp- -h v tsm]v- -A]v t]mfn-kn-iƒ Gsd D]-tbm-K-{]-Z-am-Wv. Hcp Iº-\n-bn \n v as mcp Iº-\n-bn-te v amdp-ibpw ]pxnb Iº-\n-bn {Kq v C jp-d kv e`n- p-i bpw snøm-sw- n \ne-hn-ep tsm]v - -A]v t]mfnkn At mgpw t_kv t]mfn-kn-bpss tsm]v- -A]v Bbn D]-tbm-Kn- mw. ]pxnb Iº\n {Kq v C jp-d kv \ Ip- n-s - n tsm]v- -A]v t]mfnkn km[m-cw t_ kv t]mfn-kn-bmbn am m-\p-am-ipw. Nne Iº-\n-I-fpsS tsm]v- -A]v t]mfnkn-iƒ t]mfnkn Ime-b-f-hnse hm jni snehv ]cn-k-wn- p- -Xn\v ] Icw Hmtcm Xh-Wbpw hcp NnIn m snehv ]cn-k- Wn- mwv s bnw A\p-h-Zn- p-i. DZm-l-c- W-Øn\v t_ kv t]mfn-kn-bn Hcp e w cq] bpss Ih-td-Pm-Wp- -sx- n Hmtcm Xh- WsØbpw snehv Hcp e w cq] v Xmsgbm-sW- n AØ cw t]mfn-kn-iƒ s bnw A\p-h- Zn- n-. hm jn-im-sn-ÿm-\-ønep NnIn m snehv ]cn-k- Wn v s bnw A\p-h-Zn- p tsm]v - -A]v t]mfn-kn-iƒ sxcs -Sp- p- -XmIpw DNn-Xw.-

35 Investment Methods Hmlcn hn]-wn-bpss Db XmgvN-Isf Ipdn v Bi- -s -Sm-sX, hn]-wn-bnse apt - hpw CSnhpw Hcp t]mse {]tbm-p- \-s -Sp-Øm km[n- p imkv{xo-b-amb \nt -]-co-xn-bmwv knã-am- niv C sh- Ãvsa v πm (F-kv-sF-]n). HmlcnIfn t\cn v \nt -]n- p- -h pw ayqnz ^ p-i-fn \nt -]n- p- -h pw Ahew-_n- m-hp Cu \nt -]-coxn G hpw ^e-{]-z-amb coxn-bn apt m- p-sim- pt]m-ip- -Xn\v Nne Imcy-߃ \nt -]-I {i n-t - -Xp- v. Hmlcn hn]wn CSn-bp-tºmƒ Fkv-sF ]n hgnbp \nt ]w \n Øp {]h- WX dos -bn \nt -]-I n-s-bn hym]- I-am-sW v hn]-wn-bpss ap Ime Ncn-{Xw hy -am- p- p. \jvssø Ipdn- p Bi- -bmwv \nt -]-Isc CXn\v t{]cn- n- p Xv. \jvssø Ipdn- p Bi- v ]e-t mgpw Imc-W-am-Ip- Xv hy -amb Hcp e y-an- msx \nt ]w \S-Øp- XmWv. e y-t_m-[-ap Hcp \nt -]- knã-am- niv C sh-ãvsa v πm\n(-f-kv-sf-]n) \n p t\ w h [n- n- p- -Xn-\mbn Ah-ew-_n- m-hp Nne \nt -]-X-{ -߃ Fkv-sF]nbn \n p t\ w Fßs\ sa -s -SpØmw? Is\ kw_- n v Xs Zo L-Ime \nt ] ] Xnsb _m[n- p -X- hn]- Wn-bn {lkz-im-etøt m a[y-imetøt m D m-ip CSnhv. Fkv-sF]n hgn \nt ]w \S-Øp- h v GXv e y-øn\p th n-bmwv \nt -]-sa Imcy-Øn \n -bap m-h- Ww. Cu e y-øn\v A\p-k-cn p thww \nt -]-Øns Ime-b-fhv Xocp-am-\n-t - -Xv. ]W-ap- m- pi F A-hy- -amb Bi-b-hp-ambn \nt ]w \S-Øp- hcpss at\m-kxn ]e-t mgpw hn]-wn-bnse Db XmgvN-I-fpsS ^e-ambn \nt -]-Øn-ep- m- Ip aqey-hy-xn-bm\øn\v ASn-s -s p hcpw. AXv Zo LIme \nt ] ] -Xn- I-fn hn hogvøp-ibpw snøpw. AXp-t]mse Xs e yw km- m -cn- m-\mbn \nt -]-Øn-eqsS e`n-t XpIsb Ipdn pw GI-tZi [mc-w-bp- m-i-ww. DZm-l-c-W-Øn\v 10 h j-øn\p tijw ai-s tbm ai-fp-sstbm D -X-hn- Zym-`ym-k-Øn\p th n-bp sne-hn-\mbn \nt ]w \S-Øp Hcmƒ v B Ime-bf-hn-ep-S-\ofw \nt ]w \SØntb ] q. 10 h j-øn\p tijw hnzym-`ymk sne-hn- \mbn th n-h-cp-sa v A\p-am-\n- p XpI Is -Øm {]m]vx-amb Xc-Øn-em- I-Ww \nt -]-I {]Xn-amk \nt ] XpI \n -bn-t - -Xv. DZm-l-c-W-Øn\v 10 h j-øn\p tijw 15 e w cq] \nt -]-Øn-eqsS e y-am- p Hcmƒ 12 ix-am\w icm-icn hm jni t\ w e`n- psa A\p-am-\-Øn \nt ]w \S-Øp-I-bm-sW- n 6800 cq] {]Xn-amkw \nt -]n-t - -Xmbn hcpw. F m \ne-hn \nt -]-I\v 5000 cq] am{xta {]Xn-amkw \nt -]n- m km[n pibp- q-sh- n t]mepw At±-l-Øns e yw Akm[y-a-. hcp-am\w h [n- p- -Xn\v A\p-k-cn v F m h jhpw {]Xnamk \nt ] XpI 10 ix-am\w h [n- n- pibmsw- n Cu e yw At±-l-Øn\v km m-xvi-cn- m km[n- pw. CXn-\mbn as mcp ^ n \nt ]w Bcw-`n- Wsa- n-. \ne-hn-ep \nt -]-Øns amk- \nt ] Ime-b-fhv Ah-km- \n- mdm-ip-tºmƒ ]q W-am bpw \nt ]w ]n h-en- p- -Xn\v ]Icw L -ß-fmbn em`-sasp p -Xn-\mbn C Izn n ^ n \n pw su v ^ n-te v \nt ]w \S- Øp coxn-bnepw knã-am- niv {Sm kv^ πm\ns\ {] tbm-p-\-s -SpØ-mhp -XmWv. KUp Xs h [n- n mw. knã-am- niv {Sm kv^ πm D]-tbm-Kn v em`-sa-sp- mw \nt ]Øn \n p t\ w h [n- n- m Fkv-sF-]n-tb- mƒ ^e-{]-z-amwv Fkv Sn]n (kn-ã-am- niv {Sm kv^ πm ). FkvsF]nbn tkhnwkvkv A u- n \n mwv CIzn n ^ n-te v \nt ]w \S- Øp- -sx- n FkvSn-]n-bn eniznuv ^ v t]mep su v ^ p-i-fn \n mwv CIzn n ^ n-te v \nt ]w \S-Øp- Xv. tkhnwkvkv A u- n \n pw e`n- p- -Xn-t\- mƒ ani t\ w eniznuv ^ n \n v e`n- p- p (sdt m \nc- n\v GItZiw Xpey-amb hm jni t\ -amwv enizn Uv ^ p-iƒ \ Ip- -Xv) F -XmWv Fkv Sn-]n \nt -]sø em`-i-c-am- p- -Xv. \nt ] Ime-b-fhv Ah-km-\n- mdm- Ip-tºmƒ ]q W-ambpw \nt ]w ]n hen- p- -Xn\v ]Icw L -ß-fmbn em`-sasp p -Xn-\mbn CIzn n ^ n \n pw su v ^ n-te v \nt ]w \S-Øp co Xn-bnepw FkvSn-]nsb {]tbm-p-\-s -SpØm hp -XmWv. \n-t ] Ime-b-fhv ]q Øn bmim Ht m ct m h jw _m n-bp- -t mƒ \n nx Ime-b-f-hn-te v Hcp FkvSn]n Bcw-`n- p-ibpw F m amkhpw \n nx XpI su v ^ n-te v {Sm kv^ snøp-ibpw snøp- -Xn-eqsS L ß-fmbn \nt ]w ]n h-en- mw. sluvpv Hmlcn s^{_p-hcn

36 Q3 Results aq mw ss{xam-k-øn tim -td- p-iƒ v ani em`-h-f P\p-h-cn-bn {]Jym-]n- -s, {]apj em PvIm v Iº-\n-I-fpsS kmº-øni h j-ønse aq mw ss{xamk {]h Ø-\-^-e-ß-fpsS Ah-tem-I-\w. sluvpv dnk v sukviv \S p kmº-øn-i-h jw HIvtSm_ apx Unkw-_ hsc-bp aq mw ss{x amk Ime-b-f-hnse {]apj tim -td- p-ifpss {]h Ø-\-^-e-߃ s]mxpsh ani- -Xm-bn-cp- p P\p-h-cn-bn {]Jym-]n {]apj Iº-\n-I-fpsS {]h Ø-\-^-e-ßsf Ipdn- p hne-bn-cp-ø-emwv Xmsg \ Inbn-cn- p- -Xv. C t^m-knkv: hn]wn {]Xo- n- Xn-t\- mƒ ani {]h Ø-\-^-e-amWv C t^m- knkv ssivt\m-f-pokv ]pd- Øp-hn- -Xv. C t^mknkns aq mw ss{xam kønse A m-zm-bw 2369 timsn cq]-bmwv. c mw ss{xam-k-ønepw CtX em`-amwv Iº\n t\sn-bncp- -Xv. ap h jw CtX Ime-b-f-hn 2372 timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 2255 timsn cq]-bpss A m- Zmbw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS samøw hcp-am\w timsn cq]- bmbn h [n- p. ap h jw CtX Ime-b-f-hn 9720 timsn cq]-bpss sam Øw hcp-am-\-amwv Iº\n t\sn-b-xv. hcp-am\ hf kw _- n Iº-\n-bpsS I W- p- -ep-iƒ hn]wn {] Xo- n- -Xn-t\- mƒ ani \ne-bn-em-wv. {]h Ø- \-^ew ]pd-øp-h- -Xn\p tijw Hml-cn-bn i - amb apt - -am-wp- m-b-xv. C UkvC Uv _m v: hn]wn {]Xo- n- Xp t]mse ap h j-tø- m ƒ ani {]h Ø\ ^eamwv C U-kv -C Uv _m v ]pd-øp-hn- -Xv. C Ukv -C Uv _m ns aq mw ss{xamkønse A m-zmbw timsn cq]-bm Wv. ap h jw CtX Ime- 36 sluvpv Hmlcn s^{_p-hcn 2013 {]apj Iº-\n-I-fpsS aq mw ss{xam-k-ønse {]h Ø-\-^ew v v Iº\n A m-zmbw (timsn) hf hcp-am\w (timsn) hf Q3 Q3 (%) Q3 Q3 (%) C t^m-knkv C U-kv-C Uv _m v Snkn-Fkv BIvknkv _m v sbkv _m v F vun-f^vkn _m v sfsnkn hnt{]m lotdm tamt mgvkv _PmPv Hmt m s^u-d _m v F vkn-f ssiv dne-b kv C -kv{sokv sibv C y lnμp-ÿm bqwn-en-h AtimIv sebvem tim v alo{μ amcpxn kpkpin ko F ss-bn sa k Snhn skk-tkmh F vun-f^vkn F Sn-]nkn F &Sn b-f-hn timsn cq]-bpss A m-zm-bamwv Iº\n t\sn-b-xv. Iº\n 272 timsn cq]-bpss A m-zmbw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS samøw hcp-am\w timsn cq]-bmbn h [n- p. ap h jw CtX Ime-b-f-hn timsn cq]-bpss samøw hcp-am-\- amwv Iº\n t\sn-b-xv. - _m ns ]eni hcp-am-\w, aqe-[\ ]cym-]vxxm A\p-]m-Xw XpSßnb LS-I߃ sa -s - p. samø-øn ani {]h Ø-\-^-e-amWv _m v ]pd-øp-hn- -Xv. Snkn-Fkv: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv Snkn-Fkv ]pd-øphn- -Xv. Snkn-F-kns aq mw ss{x amk Ønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 3410 timsn cq]-bpss A m- Zmbw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbncp p Iº\nbpsS sam Øw hcp-am-\w. BIvknkv _m v: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv BIvknkv _m v ]pd-øp-hn- -Xv. BIvknkv _m ns aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-bamwv Iº\n t\sn-b-xv. Iº\n 1266 timsn cq]- bpss A m-zmbw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\nbpsS aq mw ss{xam-k- Ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº \nbpss samøw hcp-am- \w. sbkv _m v: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\

37 ^e-amwv sbkv _m v ]pd-øp-hn- -Xv. sbkv _m ns aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 327 timsn cq]-bpss A m-zmbw t\spsa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. F vun-f^vkn _m v: hn] Wn {]Xo- n- Xp t]mse F vun-f^vkn _m ns \nip-xn p tij-ap em`w ap h j-tø- mƒ h [n- psh- nepw BkvXn-ta Ipd- p. F vun-f^vkn _m ns aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]- bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 1857 timsn cq]-bpss A m- Zmbw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. sfsnkn: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv sfsnkn ]pd-øphn- -Xv. sfsn-kn-bpss aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 2007 timsn cq]- bpss A m-zmbw t\sp-sa- m-bn-cp p hn]- Wn-bpsS IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbncp p Iº\nbpsS samøw hcp-am-\w. hnt{]m: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv hnt{]m ]pd-øp-hn- sx nepw hcp-am\ hf kw_- n Iº-\n-bpsS IW- p-iq- -ep-iƒ Xmtg v t]mbn. hnt{]m-bpss aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 1645 timsn cq]- bpss A m-zmbw t\sp-sa- m-bn-cp p hn]- Wn-bpsS IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbncp p Iº\nbpsS samøw hcp-am-\w. lotdm: hn]wn {]Xo- n- Xnt\- mƒ Xmgv Xpw ap h j-tø- mƒ Xmgv -Xpamb {]h Ø\ ^e-amwv lotdm tamt mgv kv ]pd-øp-hn- -Xv. lotdm-bpss aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 580 timsn cq]- bpss A m-zmbw t\sp-sa- m-bn-cp p hn]- Wn-bpsS IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbncp p Iº\nbpsS samøw hcp-am-\w. _PmPv Hmt m: hn]wnbpss {]Xo- bvs m w \n p- Xpw ap h j-tø- mƒ ani- Xp-amb {]h Ø\ ^e-amwv _PmPv Hmt m ]pd-øp-hn- -Xv. _PmPv Hmt mbpss aq mw ss{xamkønse A m-zmbw timsn cq]-bmwv. ap h jw \nt ] Ime-b-fhv Ah-km- \n- mdm-ip-tºmƒ ]q W-am bpw \nt ]w ]n h-en- p- -Xn\v ]Icw L -ß-fmbn em`-sasp p -Xn-\mbn C Izn n ^ n \n pw su v ^ n-te v \nt ]w \S- Øp coxn-bnepw knã-am- niv {Sm kv^ πm\ns\ {] tbm-p-\-s -SpØ-mhp -XmWv. CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 820 timsn cq]-bpss A m-zmbw t\spsa- m-bn-cp p hn]-wn-bpss IW- p- Iq-. Iº-\n-bpsS aq mw ss{xamk-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. s^u-d _m v: hn]wnbpss {]Xo- -bvs m w \n p- Xpw ap h jtøxn \n pw Imcy-amb am -an- m-ø-xp-amb {]h Ø\ ^e-amwv s^u-d _m v ]pd-øp-hn- -Xv. s^ U-d _m ns aq mw ss{xam kønse A m-zm-bw tim Sn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]- bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 202 timsn cq]-bpss A m-zmbw t\sp-sa- mbn-cp p hn]-wn-bpss IW- p- Iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcpam\w timsn cq]-bm-bn Db p. ap h jw CtX Imeb-f-hn timsn cq]bmbncp p Iº\nbpsS samøw hcpam-\w. F vkn-f ssivt\m-f-pokv: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h jtø- mƒ ani Xpamb {]h Ø\ ^eamwv F vkn-f ssivt\m-f-pokv ]pd-øphn- -Xv. F vkn-f ssivt\m-f-pokns aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-bf-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. dne-b kv C kv{sokv: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv dne-b kv C kv{sokv ]pd-øp-hn- -Xv. dnss^-\nw-kn \n pw dne-b kn\v e`n- p em`w hn]wn {]Xo- n- -Xn-t\- mƒ Db -Xm-Wv. dne-b kv C kv{so kns aq mw ss{xamkønse A m-zmbw 5502 timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn 4440 timsn cq]-bpss A m- Zm-b-amWv Iº\n t\sn-b-xv. Iº\n 5060 timsn cq]-bpss A m-zmbw t\sp-sa- m-bncp p hn]-wn-bpss IW- p-iq-. Iº- \n-bpss aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS sam Øw hcp-am-\w. sibv C y: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv sibv C y ]pd-øp-hn- -Xv. sibv C ybpss aq mw sluvpv Hmlcn s^{_p-hcn

38 Q3 Results ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 2476 timsn cq]- bpss A m-zmbw t\sp-sa- m-bn-cp p hn]- Wn-bpsS IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. lnμp-ÿm bqwn-en-h : hn]wn {]Xo- n- Xnt\- mƒ Xmgv Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv lnμp-ÿm bqwn-en-h ]pd-øp-hn- -Xv. lnμp-ÿm bqwn-en-hdns aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº \n t\sn-b-xv. Iº\n 900 timsn cq]-bpss A m-zmbw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k- Ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-bf-hn timsn cq] bmbn-cp p Iº\nbpsS samøw hcp-am-\w. AtimIv sebvem v: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^eamwv AtimIv sebvem v ]pd-øp-hn- -Xv. ]t CXv {][m-\-ambpw \nt -]-ß-fn \n p {]txyi t\ w hgnbm-wv. CXn- m-bn-cp- p-sh- n aq mw ss{xam-k-øn Iº \n \jvsw t\cn-sp-am-bn-cp- p. AtimIv sebvem ns aq mw ss{xamkønse A m- Zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn 66.9 timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 35 timsn cq]-bpss \jvsw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p- Iq-. Iº-\n-bpsS aq mw ss{xam-k- Ønse samøw hcp-am\w timsn cq]- bm-bn Ipd p. ap h jw CtX Ime-b-fhn 2912 timsn cq]bmbn-cp p Iº\n bpss samøw hcp-am-\w. tim v alo{μ: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv tim v alo{μ ]pd-øp-hn- -Xv. tim v alo {μbpss aq mw ss{xamkønse A m-zmbw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m- Zm-b-amWv Iº\n t\sn-b-xv. Iº\n 306 timsn cq]-bpss A m-zmbw t\sp-sa- m-bncp p hn]-wn-bpss IW- p-iq-. Iº- \n-bpss aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. 38 sluvpv Hmlcn s^{_p-hcn 2013 ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcpam-\w. amcpxn kpkpin: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv amcpxn kpkpin ]pd-øp-hn- -Xv. amcpxn kpkpinbpss aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 470 timsn cq]-bpss A m-zmbw t\spsa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w 11, timsn cq]-bmbn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. ko F ss-bn sa v: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv ko F ss-bn sa v ]pd-øp-hn- -Xv. ko F ss-bn sa ns aq mw ss{x amkønse A m-zm-bw timsn cq]- bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 175 timsn cq]-bpss A m- Zmbw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS aq mw ss{xamk-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Imeb-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. k Snhn: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv k Snhn ]pd-øphn- -Xv. k Snhn-bpsS aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 178 timsn cq]- bpss A m-zmbw t\sp-sa- m-bn-cp p hn]- Wn-bpsS IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Db p. ap h jw CtX Ime-b-f-hn timsn cq]bmbncp p Iº\nbpsS samøw hcp-am-\w. skk-tkmh: ap h j-tø- mƒ Xmgv {]h Ø\ ^e-amwv skk-tkmh ]pd-øphn- -Xv. ^vfmkvjn v Iº-\n-bpsS {]IS\w am{xw IW- n-se-sp-øm J\-\-Øn\v hne v D m-bn-cp- Xv aqew Iº\n \jvsamwv t\cn- -Xv. skk-tkmhbpss aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn Ipd p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. F vun-f^vkn: ap h j-tø- mƒ ani {]h Ø\ ^e-amwv F vun- F^vkn ]pd-øp-hn- -Xv. F vun-f^vknbpss aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m- Zm-b-amWv Iº\n t\sn-b-xv. Iº-\n-bpsS aq mw ss{xamk-ønse samøw hcp-am\w timsn cq]-bm-bn h [n p. ap h jw CtX Imeb-f-hn timsn cq] bmbn-cp p Iº\nbpsS sam Øw hcp-am-\w. F Sn]nkn: hn]wn {]Xo- n- Xnt\- mƒ ani- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv F Sn]nkn ]pd-øp-hn- -Xv. F Sn]nknbpsS aq mw ss{xamkønse A m-zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-fhn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 2476 timsn cq]-bpss A m-zmbw t\sp-sa- m-bn-cp p hn]-wn-bpss IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bmbn h [n p. ap h jw CtX Ime-b-f-hn timsn cq]bmbn-cp p Iº\nbpsS samøw hcp-am-\w. F &Sn: hn]wnbpss {]Xo- -bvs m w \n p- Xpw ap h j-tø- mƒ ani Xpamb {]h Ø\ ^e-amwv F &Sn ]pd- Øp-hn- -Xv. F &SnbpsS aq mw ss{xam kønse A m-zm-bw timsn cq]- bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n 1130 timsn cq]- bpss A m-zmbw t\sp-sa- m-bn-cp p hn]- Wn-bpsS IW- p-iq-. Iº-\n-bpsS aq mw ss{xam-k-ønse samøw hcp-am\w timsn cq]-bm-bn h [n p.

39 sluvpv Hmlcn s^{_p-hcn

40 Company Report C U-kv-C Uv _m v: i -amb hf m km[y-x-bp kzimcy _m v Db dnkviv FSp- m Xbm-dp- - \nt -]I v A\p-tbm-Py-amb Cu Hml-cn-bn ASpØ Hcp h j-øn-\p- n {]Xo- n- p hne 479 cq]-bmwv. Aa N{μ-tam-l 1994 ÿm]n-x-amb C UkvC Uv _m v C v C y-bnse Ggm-asØ henb kzimcy _m mwv AtimIv sebvem v ^n\m kv C UkvC Uv _m n ebn- p. _m ns D - -ßsfbpw tkh-\-ß-sfbpw s]mxp-hmbn aq mbn Xncn mw- t]gvk-w _m nw-kv, F -B sf _m nw-kv, _nkn-\kv _m nw- Kv. tim -td v Hm^o-kn\pw samøw _m v irwj-ebv pw sff-kvh 9001 : 2000 k n- ^n-t -j e`n C y-bnse BZysØ _m mwv C UkvC Uv _m v. A ^n C jp-d kv k ho-kkv enan- Uv F k_vkn-un-bdn Iº\n IqSn C U-kv-C Uv _m n-\p- v am v 31se IW v {]Imcw _m n\v 303 ÿeß-fn-embn 441 imj-ifpw 796 FSn-F-Ωp- Ifpap v. 28 kwÿm-\-ß-fnepw ti{μ-`-cw {]tz-i-ß-fn-ep-amwv _m n\v km n-[y-ap- - Xv. \S p kmº-øni h jw ani {]I- S-\-amWv C U-kv-C Uv _m v ImgvN sh - Xv. _m ns aq mw ss{xamkønse A m- Zm-bw timsn cq]-bmwv. ap h jw CtX Ime-b-f-hn timsn cq]-bpss A m-zm-b-amwv Iº\n t\sn-b-xv. Iº\n C U-kv-C Uv _m v v skivs _m nwkv C]n-Fkv ]n/c C kv{sn ]n/c hn]-wn-aqeyw 22,609 timsn cq] 52 BgvNsØ 445 cq] Db hne 52 BgvNsØ Xmgv hne 262 cq] _p v hmeyp cq] ]n/_nhn 4.95 Unhn-U 0.51% bo Uv t^kv hmeyp 10 cq] F -F-kvC INDUSINDBK timuv _nf-kvc timuv 40 sluvpv Hmlcn s^{_p-hcn 2013 C Ukv-C Uv _m v Ct m-gsø hne e y-am- p hne dnkviv 431 cq] ( se hne) 479 cq] Db Xv 272 timsn cq]-bpss A m-zmbw t\sp-sa- mbn-cp p hn]-wn-bpss IW- p-iq-. Iº- \n-bpss samøw hcp-am\w timsn cq]-bmbn h [n- p. ap h jw CtX Imeb-f-hn timsn cq]-bpss samøw hcp-am-\-amwv Iº\n t\sn-b-xv. - \S p -km-º-øn-i-h jw aq v ss{xamk-ß-fpss {]I-S\w IW- n-se-sp- p-tºmƒ _m ns em`-øn ix-am-\w hf bmwv D m-b-xv timsn cq]-bmwv aq v ss{xam-k-ß-fn _m v ssih-cn em`w. ap h jw CtX Ime-b-f-hn em`w timsn cq]-bm-bn-cp- p. Ign A v h jsø _m ns hcp-am-\, em` hf m-\n-c v hfsc ani - Xm-Wv \pw \pw CS-bn _m ns A -]-en-i-h-cp-am\w 44 ixam\hpw \nip-xn p tij-ap em`w 64 ix-am-\hpw icm-icn hm jni hf bmwv ssih-cn- - Xv Iº-\n-bpsS em`w hcp-am-\- Øns A v ix-am-\-am-bn-cp-s - n em`w hcp-am-\-øns 15 ix-am-\-ambn aq mw ss{xam-k-øn ani hcp-am-\, em` hf -bmwv C U-kv- C Uv _m v ssihcn - Xv. hcp-am-\-ønepw em`- Ønepw _m v 30 ixam\w hoxw hf t\sn. _m ns ]eni hcp-am- \hpw aqe-[\ ]cym- ]vxxm A\p-]m-Xhpw sa -s - p. Db p. Iº-\n-bpsS em`- -ax hne-bn-cp-øp- -Xn-\p am\-z-wvu-amb dnt Hm CIzn n (Hcp Iº-\n-bn Hml-cn-bp-S-a-Iƒ \S-Øn-bn-cn- p \nt -]-Øns F{X ix-am-\-amwv em`w F mwv dnt Hm CIzn n kqnn- n- p- -Xv) ]cn-k-wn- ptºmgpw C UkvC Uv _m ns {]I-S\w ani- -Xm-Wv ix-am-\-am-bn-cp dnt Hm CIzn n ix-am-\- ambn Db p. C y _m p-i-fpss dnt Hm CIzn nbpss icm-icn FSp- p-i-bm-sw- n G hpw Db \ne 19 BWv. \S p kmº-øni h jw aq mw ss{xam-k-øn dnt Hm CIzn n 17 ix-am-\-ambn Ipd-s - nepw CXv IypsF_n (Izmfn-t - ohv C Ãn- yq-j-w _b ) hgn 2000 timsn cq]-bpss Hmlcn aqe-[\w kam-l-cn- Xp aqe-am-wv. aqe-[\ kam-l-cwøneqss ASpØ aq v h jtø v ani aqe-[\ ASn-ØdbmWv Iº \n Hcp- n-bn-cn- p- -Xv. a v _m p-i-fp-ambn Xmc-Xayw snøp-tºm ƒ _nkn-\-kn ani _me knwkv ]pe Øp kzimcy _m mwv C U-kv -C Uv _m v. _nkn-\-kns 51 ix-am\w dos bn _nkn-\-kn-eq-ssbpw _m n tim td- v, ItΩ-gvky _m nw-kn-eq-ss-bp-am-wv. aq mw ss{xam-k-øn ani hmbv]m hf -bmwv _m v ssih-cn- -Xv 31 ixam\w. aq mw ]mz-ønse dos -bn hmbv]m hf 37 ix-am-\hpw tim -td v hmbv]m hf 24 ix-am-\-hp-am-wv. tim -td v hmbv]m hn`m-k-øn {]h Ø\ aqe-[\ hmbv]bv mbp Unam v h [n- p-h-cn-ibm-sw- v Iº\n amt\-pvsa v ]d-bp- -p-. _m ns Imk (I-d v A u v tk hnwkvkv A u- v) A\p-]mXw aq mw ss{xamk {]h Ø\^ew A\p-k-cn v ix-am-\-am-wv. _m nwkv taj-e-bpss icm-icn Imk A\p-]mXtØ mƒ XmsgbmWv CsX- nepw (40 ix-am-\-am-wv icm-icn) ASpØ 3 h j-øn-\p- n CXv 35 i X-am-\-ambn Db Øp-I-bmWv amt\-pvsa ns e yw. 434 cq]-bn hym]mcw snøp Cu Hmlcn ASpØ Hcp h j-øn-\p- n 479 cq]bnse-øm-\p km[y-x-bp- v. Db dnkviv FSp- m Xbm-dp- -h v A\ptbm-Py-ambn Hml-cn-bmWv CXv.

41 Market Leaders `mcxn Fb ss Vs sfunbm sk p-em ssentimw tkh\ taj-e-bnse {]apj Iº-\n-I-fmb `mcxn Fb ss pw sfunbm sk p-emdpw XΩn-ep Xmc-X-ay-Øn Iº-\n-I-fn-sem- mb `mcxn Fb ss n\v C y, {ioe-, _w mtziv F o Gjy cmpy-ß-fpw 17 B{^n- cmpy-ßfpw Dƒs ss 20 cmpy-ß-fn-emwv km n-[y-ap Xv kmº-øni h j-ønse IW v A\p-k-cn v timsn D]- t`m- m- -fmwv Iº-\n- p- -Xv. hcn- m-cpss FÆ-Øns ASn-ÿm-\- Øn C y-bnse G hpw henb ssentimw Iº-\n-bmWv `mcxn Fb ss. C y-bnse G hpw henb aq masø samss_ tkh\ ZmXm- fmwv sfunbm sk p-em kmº-øni h j-ønse H mw ss{xam-k-ønse IW v A\p-kcn v C y hb sekv ssent^m hn]-wn-bn 15 ix-am\w hn]wn ] m-fnøw sfunbm sk p-em-dn\p v timsn D]-t`m- m- -fmwv Iº-\n- p- -Xv. Ign kmº-øni h j- Øn `mcxn Fb ss A hcpam\øn ix-am\w hf - IqSp-X anihv ]pe Øp- Xv GXv Hml-cn-bmWv? jmp si.-fkv temi-ønse G hpw henb ssentimw hn]-wn-ifn-sem- mwv C y am n \mev ix-am-\-øn Xmsg-bm-bn-cp C ybpss ssen-su kn n 2012 am n 76 ixam-\-ambn h [n- Xv Hcp Zi-I-Øn-\nsS C y-bnse ssentimw taje ssih-cn hf -bmwv {]Xn-^-en- n- p- -Xv kmº-øni h j-øn C y-bnse samss_ hcn- m 20 e -Øn Xmsgbm-bn-cp-s - n kmº-øni h j- Øn AXv timsn-bm-bn. C y-bpss samø B`y- c D m-z-\-øns c v ix-am\w kw`m-h\ snøp ssentimw taje XpS pw cmpy-øns km-º-øni hf -bpss Xzc-I-ß-fn-sem- m-bn-cn- pw. hnhn[ \b-ßfpw ]cn-jvi-cw-ßfpw C y bnse ssentimw taj-e-bpss {[px-k-xn-bnep hf - mwv hgn-sh- -Xv. Ign Hcp Zi-I-Øn\nsS samss_ -ssentimw taj-e-bnse hf ]pxnb Iº-\n-Iƒ Cu taj-e-bn-te v IS- p-h-cp- -Xn\pw ISpØ a cw hf Øp-Ibpw snøp- -Xn\v hgnsh- p. temi-ønse G hpw henb ssentimw bmwv ssih-cn- -Xv. AtX kabw sfunbm sk p-em ssih-cn hcp-am\ hf ix-am\-am-wv. Ign kmº-øni h jw hcp-am- \hpw em`hpw XΩn-ep A\p-]mXw IW- n-se-sp-øm ani {]I- S\w ImgvN sh Xv `mcxn Fb ss BWv. `mcxn Fb ss ns em`w hcp-am- \-Øns 5.97 i-x-am\amsw- n sfunbm sk p-emdns em`w hcp-am-\-øns 3.71 ix-am-\-am-wv. dnt Hm Ak v (Hcp Iº-\n-bpsS BkvXn-bp-ambn Xmc-Xayw snøp-tºmƒ Iº- \n-bpss em`- -ax F{X-tØm-f-am-sW- mwv dnt Hm Ak v kqnn- n- p- -Xv) IW- n-se-sp- p-tºmƒ sfunbm sk p-em BWv anihv ]pe Øp- Xv. sfunbbpss dnt Hm Ak vkv 3.22 ix-am-\-am-wv. `mcxn Fb ss ns dnt Hm Ak v kv 2.90 ix-am-\-hpw. su v/cizn n tdtjym (Iº-\n-bpsS samøw _m[y-x-isf Hml-cn-bp-S-a-I-fpsS Metric Bharti Idea Airtel Cellular Sales (Cr) PAT (Cr) EPS (Rs) PAT Margin (%) ROE (%) Book Value (Rs) ROA (%) PE Net Sales Growth (%) Core EBITDA Growth (%) PAT Growth (%) Total Debt/Equity Interest Coverage Ratio Face Value 5 10 Market cap (Cr) Dividend Yield (%) \nt ]w sim v lcn- p- -Xn-eqsS su v/ CIzn n tdtjym Is -Ømw. Db su v/ CIzn n tdtjym kqnn- n- p- Xv Iº\n hf m-]- -Xn-Iƒ mbn Db txmxn hmbv]m-xpi hn\n-tbm-kn- p- p-sh- m-wv.) bn anihv ]pe Øp- Xv sfunb BWv. sfun-b-bpss su v/cizn n tdtjym 1.02Dw `mc-xn-bpss su v/cizn n tdtjym 1.46Dw BWv. sfun-b-bv mwv ani C -dãv IhtdPv tdtjym (hmbv]bnt -ep ]eni AS- p-xo m-\p Iº-\n-bpsS tijn-sbbmwv C -dãv Ih-tdPv tdtjym kqnn- n- p- -Xv. Iº-\n-bpsS ]en-i pw \nip-xn pw apºp hcp-am-\sø AtX Imeb-fhnse ]en-ibn\-øn-ep snehv sim v lcn mwv C -dãv Ih-tdPv tdtjym IW- m- p- -Xv) bp- -Xv. aqe-[-\-øn\mbn `mcxn IqSp-X hmbv]sb B{i-bn- n-cn- p p F -Xn-\m-em-Wn-Xv. Ccp-I-º-\n-I-fp-sSbpw Hml-cn-IfpsS aqeyw ]cn-k-wn- p-tºmƒ `mcxn Fb ss BWv Xmc-X-tay\ snehv Ipd \ne-bn hym]mcw snøp- -Xv. `mcxn Fb ss ns Hmlcn hne {]Xn Hmlcn hcp-am- \Øns as-ßm-wv. AtX kabw sfun-b-bpss Hmlcn hnebmis {]Xn Hmlcn hcp-am- \Øns as-ßm-wv. ssentimw taj-e-bnse Iº-\n-I-fpsS Hmlcn hnebpw {]Xn Hmlcn hcp-am-\hpw XΩn-ep A\p-]m-X-Øns icmicn BWv. ssentimw tajebnse Hml-cn- Iƒ Ct mƒ ani {]I-S-\-amWv ImgvN sh p- -Xv. CubnsS \nc- p- Iƒ h [n- n- Xv ssentimw Iº-\n- Iƒ v KpW-I-c-am-Wv. `mcxn Fb ss- ns B{^n- -bnse _nkn-\kv em`-i-c-am-hp-i-bm-sw- n `mcxn Bbn-cn pw \nt -]-I v IqSp-X t\ w \ Ip Hml-cn. sluvpv Hmlcn s^{_p-hcn

42 Fundamental Analysis em`- -axm A\p-]m-X-ß-fn-eqsS em`w D m- m-\p Ignhv hne-bn-cpømw em`- -axm A\p-]m-X-ß-fpsS ASn-ÿm-\-Øn Hcp Iº-\n-bpsS em`-ap- m- m-\p tijn hne-bn-cp-øm\pw AXp-hgn Iº-\n-bpsS IcpØv \n W-bn- m\pw \nt -]-I v km[n- p- p. IrjvW X-ºn si. Hcp Iº\nbpsS em`- -ax Af- p- - Xn\pw em`-ap- m- m-\p amt\-pvsa ns Ignhv F{X-tØm-f-sa v hne-bn-cp-øp- - Xn\pw \nt -]-I v ]n p-s-cm-hp am\- Z-WvU-ß-fmWv dnt Hm Ak- v, dnt Hm CIzn n, dnt Hm Im n- FwtπmbvUv XpS-ßn-b em`- -axm A\p- ]m-x-߃. dnt Hm Ak- v Hcp Iº-\n-bpsS BkvXn-bp-ambn Xmc-Xayw snøp-tºmƒ Iº-\n-bpsS em`- -ax F{XtØm-f-am-sW- mwv dnt Hm Ak v kqnn- n- p- -Xv. em`-ap- m- p- -Xn\v amt\-pvsa n\v Xß-fpsS BkvXn-Isf F{X-tØmfw ^e-{]-z-ambn hn\ntbm-kn- m km[n- p- p-sh v hne-bn-cp-øm dnt Hm Ak v F em`- -axm A\p-]m-X-Øn-eqsS km[n- p- p. dnt Db -Xm-sW- n amt\-pvsa v Gsd ^e- {]-Z-ambn Xß-fpsS BkvXn-Isf hn\n-tbm- Kn- p- p-sh- mwv A w. Iº-\n-bpsS A -h-cp-am\sø BkvXn sim v lcn- mwv dnt Ak- v IW- m- p- -Xv. DZm-l-cW-Øn\v 1200 timsn cq] B kvxn-bp Hcp Iº-\n-bpsS A -h-cp-am\w 150 timsn cq]-bm-sw- n Iº-\n-bpsS dnt Hm Ak v ix-am-\-am-wv. AtX kabw AtX taj-e-bn {]h Øn- p-, 150 timsn cq] em`-ap- m- nb as mcp Iº\nbpsS BkvXn 1000 timsn cq]-bm-sw- n dnt Hm Ak v 15 ix-am\-am-wv. CXn c m-asø Iº-\n- mwv Xß-fpsS BkvXnsb IqSp-X ^e- {]-Z-ambn hn\n-tbm-kn- m km[n- p- -sx- mwv dnt Hm Ak- n ImWp A -c-øn \n v hy -am-ip- -Xv. Hmtcm hyh-kmb taj-e pw A\p-kcn v dnt Hm Ak v hyxy-kvx \nebn-em-bn-cn- pw. Hmtcm hyh-kmb taj-ebp-ssbpw _nkn-\-kns kz`mhw A\p-kcn v \nt ] Bhiyw hyxy-kvx-am-bn-cn- p-sa- -Xn-\m-emWv CXv. IqSp-X aqe-[\w Bh-iy-ambn hcp, `qan, ^mivs-dn, b{ ߃ XpS-ßnb BkvXn-I-fn IqSp-X-embn \nt ]w \S-tØ n hcp hyhkmb 42 sluvpv Hmlcn s^{_p-hcn 2013 taj-e-i-fn {]h -Øn- p Iº\nIfpsS BkvXn kmt -Xn-I-hn-Zy, tkh\w XpSßnb taj-e-i-fn {]h Øn- p Iº- \n-i-tf- mƒ IqSp-X-em-bn-cn- pw. AXp-sIm- p-xs IqSp-X aqe-[\w Bh-iy-ambn hcp Iº-\n-I-fpsS dnt A Ak v kmt -Xn-I-hn-Zy, tkh\w XpS-ßnb taje-i-fn {]h Øn- p Iº-\n-I-tf- mƒ Ipd-hm-bn-cn- pw. dnt Hm CIzn n Hcp Iº-\n-bn Hml-cn-bp-S-a-Iƒ \n t ]n Hmlcn aqe-[-\hpw Iº-\n-bpsS em`hpw XΩn-ep A\p- -]m-x-sø-bmwv dnt Hm CIzn n kqnn- n- p- -Xv. Hcp Iº-\n-bpsS samøw BkvXnsb samøw _m[y-x-bn \n pw Ingn- m In p- - Xns\-bmWv Iº\n-bnse Hml-cn-bp-S-a-IfpsS \nt -]-ambn IW- m- p- -Xv. Iº- \n-bpss A -h-cp-am\sø Hml-cn-bp-S-a-IfpsS \nt -]w sim v lcn- m In p- - XmWv dnt Hm CIzn- n. Db dnt Iº\n Hml-cn-bp-S-a-Iƒ v ani t\ w \ Ip- p-sh- mwv kqnn- n- p- -Xv. hyhkmb taj-e v A\p-k-cn v dnt Hm CIzn n hyxy-kvx-am-bn-cn- p-sa- nepw ix-am-\-amwv s]mxpsh \nt -]-I v \ymb-sa v txm p dnt Hm Iº-\n-bpsS samøw aqe- [-\-Øn \n pw amt\-pv sa n\v F{XtØmfw Imcy- -a-ambn hcp-am\w D m- m-\m-hp- p-sh v hnebn cpøm km[n- p- -Xn-\m dnt Hm Im n- FwtπmbvUv IqSp-X ka- {K-amb em`- -axm A\p-]m- X-ambn ]cn-k-wn- -s -Sp- p. CIzn n. Hcp Iº-\n-bpsS dnt Hm CIzn n hne-bn-cp-øp-tºmƒ aqe[\ \nt -]-Øn \mbn hmbv]sb F{X-tØmfw B{i-bn- ncn- p p F Imcyw {i n-t - -Xp- v. aqe[\ \nt -]-Øn\mbn- hmbv]sb IqSp- X-embn B{i-bn- n-cn- p Iº-\n-bpsS Hmlcn aqe-[\w Ipd-hm-bn-cn- pw. AØcw Iº-\n-bpsS A hcp-am\w sndpxm-sw- n t]mepw Hmlcn aqe-[-\w Ipd-hm-b- Xn-\m Iº-\n-bpsS dnt Hm CIz n Db Xmbn-cn- pw. CØcw kml-n-cy-ßfn dnt Hm CIz n Iº-\n-bpsS bym em`- -a-xsb {]Xn-^-en- n- p- n F v \nt -]-I a\-kn-em-t - - Xp- v. dnt Hm Im n- FwtπmbvUv Hcp Iº-\n-bnse samøw aqe-[-\hpw Iº- \n-bpss em`hpw XΩn-ep A\p- -]m-x-søbmwv dnt Hm Im n- FwtπmbvUv kqnn- n- p- -Xv. Hcp Iº-\n-bpsS aqe-[\ \nt -]hpw hmbv]bpw Dƒs - -XmWv samøw aqe-[-\w. Cu A\p-]m-XØn \n pw Iº-\n-bpsS em`- -a-xsb hmbv] Fßs\ _m[n- p- p-sh Xns\ Ipdn v \nt -]-I v hy -amb Nn{Xw In p- p. Iº-\n-bpsS samøw aqe-[-\-øn \n pw amt\-pvsa n\v F{XtØmfw Imcy- -a-ambn hcp-am\w D m- m-\m-hp- p-sh v hnebn cpøm km[n- p- -Xn-\m A\-en-Ãp-Iƒ dnt Hm Im n- FwtπmbvUv F A\p-]m-XsØ IqSp-X ka-{k-amb em`- -axm A\p-]m-X-ambn IW- m- p- p. ]en-i pw \nip-xn pw apºp hcpam\sø samøw aqe-[\w sim v lcn- m In p- -XmWv dnt Hm Im n- FwtπmbvUv. DZm-l-c-W-Øn\v Hcp I º-\n-bpsS ]en-i pw \nip-xn pw apºp hcp-am\w 580 timsn cq]bpw Hmlcn aqe-[\w 2000 timsn cq]bpw hmbv] 1570 timsn cq]bpw BsW- n dnt Hm Im n- FwtπmbvUv ix-am-\-am-bncn- pw.

43 Stock Recommendations {lkz-ime \nt -]-Øn-\mbn A v Hml-cn-Iƒ sluvpv dnk v sukviv sfkn-sf-knsf _m v C y-bnse G hpw henb c m-asø kzimcy _m mwv sfkn-sf-knsf _m v. hn]-wn-aq-ey-øns ASn-ÿm-\-Øn C y-bnse aq m-asø henb _m v IqSn-bmWv sfkn-sf-knsf _m v. ItΩ-gvky _m nw-kv, dos -bn _m nw-kv, s{]mpivsv B v tim -td v ^n\m kv, C sh-ãvsa v _m nw-kv, t{_m nw- Kv, {Sjdn D - -ßfpw tkh-\-ßfpw XpS-ßnb _m nw-kv [\- Imcy tkh-\-ß-fmwv sfkn-sf-knsf _m v \ Ip- -Xv. dos bn _m nwkv, tlmƒsk-bn _m nw-kv, {Sj-dn, a v _m nwkv F o \mev hn`m-k-߃ p Iogn-em-bmWv sfkn-sf-knsf _m ns {]h Ø-\w kmº-øni h j-øn 6,465 timsn cq]-bmwv sfkn-sf-knsf _m v ssih-cn A m-zm-bw. sfkn-sfknsf _m v 41,045 timsn cq]-bpss samøw hcp-am-\hpw C]n-Fkv Ign h jw ]n/c _m v ssih-cn- p. \ne-hn-ep Hmlcn 52 BgvNsØ Db hne cq] hne-bpss 1.40 ix-am- 52 BgvNsØ Xmgv hne 767 cq] hmtß hne 1130 cq] e yam- p hne cq] \-amwv Ign h jw Hml-cn-bp-S-a- Iƒ v \ Inb em`ho-xw. {lkz-ime \nt -]-Øn-eqsS t\ -ap m- p- -Xn\mbn Ct mƒ hmßm A\p-tbm-Py-amb A v Hml-cn-Iƒ amcpxn kpkpin C y-bnse G hpw henb Im \n am-xm- -fmb amcpxn kpkpin v Cu cwkøv 45 ix-am\w hn]wn ] m-fn-øamwp- - Xv. Ipd sne-hn-ep- Xpw Db C -\- -a-x-bp- -Xp-am-bp hml-\-߃ \n an- p- -Xn sshz-kv[y-ap Iº\n F \nebn hn]-wn-bn ta-[m-hnø-ap-d- n amcpxn kpkpin {ItaW {_m p-i-fpss FÆw h [n- n- p-ibpw 15 \m N{I hml\ {_m p- Iƒ hn-]-wn-bn FØn- p-ibpw snbvxn- p- v. KpUvKm-hn-epw at\- km-dn-epambn c v Im \n amw ti{μ-ß-fmwv amcpxn kpkp- n- p- -Xv. amcpxn kpkp-in-bpss ix-am\w Hml-cn-I-fmWv kpkpin tamt m tim -td-js DS-a-ÿ-X-bn-ep- -Xv ti{μ-k m amcpxn kpkpin Iº-\n-bn-ep apgp-h Hml-cn-Ifpw hn -gn- C]n-Fkv txmss kpkpin ]n/c tamt m tim -tdj\v `mkn-i-amb DS-aÿ-X-bp Hcp k 52 BgvNsØ Db hne cq] 52 BgvNsØ Xmgv hne 1052 cq] _vkn-un-b-dn-iº-\n hmtß hne 1530 cq] bmbmwv amcpxn kp e yam- p hne cq] kp-in ]cn-k-wn- -s - Sp- Xv. ssa v {So sfsn tkh-\߃, s{]muivsv F Pn- \o-b-dnkv tkh-\-߃ F o c v _nkn- \kv tajei-fn-em-bmwv ssa v {SobpsS {]h Ø-\w. D m-z-\w, [\-Imcy tkh- \w, {Smh B v Sqdn-kw XpS-ßnb taje-i-fn {]h Øn- p Iº-\n-Iƒ mwv ssa v{so sfsn tkh\-߃ \ Ip- -Xv. ssa v {So tkm^v vshb Iº\n enan- - Uv, ssa v {So hb ekv enan- Uv F nh ssa v{so-bpss k_vkn-un-b-dn-i-fm-wv kmº-øni h j-øn timsn cq]-bmwv ssa v {So ssih-cn A m-zmbw Iº-\n-bpsS A m-zmbw 123 timsn cq]-bm-bn-cp- p kmº-øni h j-øn 1953 timsn cq]-bpss hcp-am- \hpw Iº\n ssih-cn- p. Xmc-X-tay\ BI j-i-amb aqey-øn-emwv Cu Hmlcn Ct mƒ hym]mcw snøp- -Xv. v ssa {So C]n-Fkv ]n/c BgvNsØ Db hne 814 cq] 52 BgvNsØ Xmgv hne cq] hmtß hne 730 cq] e yam- p hne cq] F -Fw-Unkn Ccpº-bn-cv, snºv, tdm v t^mkvt^- v, ssew tãm, tumtfm-ssa v, Pn]vkw, s_t m-ssw- v, a o-ssk- v, Ub-a- v, Sn, SMvÃ, {Kmss^- v, _o v km v XpS-ßnb [mxp- -fpss ]cy-th-j-w-øn-emwv F - Fw-Unkn (\m-j-w an\-d suh-e- ]vsa v tim -td-j ) hym]-cn- n-cn- p- Xv. ]q W-ambpw b{ -h-xvir-x-amb aq v J\n-I-fn \n mbn aq v timsn S Ccp- º-bn-cmWv Ign kmº-øni h jw Iº\n D m-zn- n- -Xv. OØo-kvU-K- Unepw I Wm-S-I-Øn-ep-am-bmWv Iº-\nbpsS J\n-Iƒ {]h Øn- p- -Xv timsn S Ccp-º-bncv Iº\n B`y- c hyh-km-b-߃ v Ign kmº-øni h jw hnx-cww snbvxp. 37,260 kvt]m v AtbWpw Imc v Ub-a- p-amwv Iº\n D m-zn- n- -Xv. F -Fw-Unkn C]n-Fkv ]n/c BgvNsØ Db hne cq] 52 BgvNsØ Xmgv hne cq] hmtß hne 154 cq] e yam- p hne cq] dne-b kv C -kv{sokv sk skivkn G hpw IqSp-X shbnt -Pp Iº-\nIfn-sem- mb dne-b kv C -kv{sokns {]h Ø\w s]t{sm-si-an- kv, dnss^-\nw-kv, Hmbn & Kymkv F o aq v taj-e-i-fn-em-bmwv hym]-cn- ncn- p- -Xv. BZysØ c v taj-e-i-fn-embn s]t{sm-si-an- kv D - -ß-fpsSbpw s]t{sm-fnbw D - -ß-fp-sSbpw D m-z- \hpw hn]-w-\hpw Iº\n \n h-ln- p- p- v. Hmbn & Kymkv taj-e-bn {IqUv Hmbn-en-s bpw {]IrXn hmx-i-øn-s bpw ]cy-th-j-ww, hni-k-\w, D m-z\w F nh Iº\n \n h-ln- p- p. ssivssã kv, dos -bn _nkn-\-kv, {]txyi kmº-øni taj-e-bpss hnik\w, ssentimw/t{_muv_m v _nkn-\kv F o taj-e-i-fnepw Iº\n hym]-cn- n-cn- p- p. dne-b kv C -kv{sokv C]n-Fkv ]n/c BgvNsØ Db hne cq] 52 BgvNsØ Xmgv hne cq] hmtß hne 880 cq] e yam- p hne cq] sluvpv Hmlcn s^{_p-hcn

44 Technical Analysis t_mfnw-k _m v: hym]-i-ambn D]-tbm-Kn- -s -Sp Sqƒ IrjvW Xºn. si ^n\m jy A\-en Ãpw {KŸ-Im-c-\p-amb tpm t_mfnw-k hnikn- n-s -SpØ ssiv\n- A\m-en-knkv Sqfm Wv t_mfnw-k _m v. t_mwfnw-k _m n Nm m- -ßsf kqnn- n- p _m v aqhnwkv Bh-td-Pns api-fnepw Xmsg-bp-ambn ImWs -Sp- p. Nm m- -ß-sf Af- p- -Xn-\p Hcp am\-z-wvu-amb Ãmt Uv Uohn-tbj D]-tbm-Kn- mwv Cu _m v \n an- s - n-cn- p- -Xv. Nm m w IqSp-Ibpw Ipdbp-Ibpw snøp- -Xn\v A\p-k-cn v Cu _m v hni-kn- p-ibpw Npcp-ßp-Ibpw snøp- p. t_mfnw-k _m v Hcp Nm n D]-tbm- t{_ v - -Hu v BsW pw ]d-bmw. AtXmsS s{s v _p njv BsW v Dd- n- mw. s{s n s\ Ipdn p Cu A\p-am-\-Øn s ASn-ÿm-\-Øn t{su v hym]mc Xocp-am-\-ß-sf-Sp- mhp - XmWv. (c m-asø Nn{Xw ImWp-I.) Fw -tsm v Uªyp t_m an \mw Hcp Hml-cn-bpsS Xmtg- p Ne\w Ah-km-\n- p- Xv Fhn-sS-sb v a\-knem- p-ibpw api-fn-te- p ]pxnb Ne\Øns XpS w ImWp-Ibpw AXn \v A\p-k-cn v hym]mc Xocp-am\w ssisim- p-i bpw snøp psh- n Chn ss AXn\v hn]-co-x-amb ]mt -Wn-ep t{suv kn - emwv e`n- p- -Xv. Fw -tsm- n Xmtg- p c v Ne-\-ßfpw apifn-te- p c v Ne-\- Nn{Xw sluvpv Hmlcn s^{_p-hcn 2013 te p Ne\w t_mfnwkv _m n s a[y-ønse tcj-bpss ASpØv hcn-ibpw AhnsS \n v Xmtg v Nen- p-ibpw snøp- p. c m-asø Xmtg- p Ne \w t_mfnwk _m ns XmgsØ _m ns api-fn \n p-i-bm-sw- n AXv Hml-cnbpsS hne-bnse Nn{Xw CSn-hns Xo{hX Ipd phcn-i-bm-sw- mwv kqnn- n- p- - Xv. AhnsS \n pw api-fn-te v Hcp Ne-\- ap- m-hp-ibpw AXv t_mfnw-k _m ns Kn- - -Sp-tºmƒ a[y-øn Hcp {][m\ tc Jbpw AXn\v kam- -c-ambn api-fnepw Xm sg-bpw Hmtcm tcj-ifpw (Ãmt Uv Uohntb-j ) ImW-s -Sp- p. CXn D]-tbm-Kn- p aqhnwkv Bh-tdPv s]mxpsh 20 Znhk-tØ-Xm-Wv. (H- m-asø Nn{Xw ImWp-I.) t_mfnw-k _m v D]-tbm-Kn v Fw tsm pw Uªyp t_m apw I p-]n-sn- v AXn\v A\p-k-cn v t{suv snøp- Xv hfsc ^e-{]-z-am-wv. Uªyp t_m w Uªyp t_m w t]cv kqnn- n- p- Xp t]mse W BIr-Xn-bn-ep ]mt BWv. CXn api-fn-te- p c v Ne-\-ßfpw Xmtg- p c v Ne-\-ßfpw Dƒs - n-cn- p- p. CXn BZy-tØ v Xmsg- p Ne-\-am-bn-cn- pw. CXv XmgsØ _m ns Xmsg hcn-ibpw AhnsS \n v api-fna[y-tc-j-sb t`zn- p- Ibpw snbvxm AXv Hmlcn "_p njv' Bbn XpS-ßp- -Xns kqn-\- bm-imw. AXv sxm p-ap-ºp- mb api-fn-te- p Ne-\-Øns Db A hpw t`zn v api-fn-te v t]mbm AXv Hcp ßfpw Dƒs - n-cn- p- p. CXn BZysØ api-fn-te- p Ne\w a[y-ønse _m n \n pw XpSßn api-fn-esø _m ns\ t`zn v ho pw Xmsg a[y-ønse _m ntet m AXn\v Xmsgtbm hcp- p. AhnsS \n pw ho pw api-fn-te v Ne-\-ap- m-ip- p. F m CXv t\c-sø-bp api-fnte- p Ne-\tØ mƒ Db-c-Øn-em-sW- n t]mepw AXn\v G hpw api-fn-ep _m ns\ t`zn- m Ign- n- -sb- n AXv Hml-cn-bpsS api-fn-te- p Ne-\- Øns Xo{hX Ipd-bp- p-sh ap -dn-bn- mwv \ Ip- -Xv. CXv AhnsS \n pw a[ytc-j-sbbpw t`zn v Xmtg v h m AXv Hml-cn-bnse ]pxnb CSn-hns XpS- -am- Imw. AXv ho pw Xmtg v hcn-ibpw t\c sø Xmtg- p- mb Ne-\-Øns A sø bpw t`zn v Xmtg v \oßp-ibpw snbvxm AXv t{_ v Uu BsW v ]d-bmw. AtXmsS s{s v "s_bdnjv' BsW v Dd- n- mw. (aq m-asø Nn{Xw ImWp-I.) Nn{Xw- - -3

45 Market Review Hmlcn hn]wn c v h jsø Db \nebn B`y- c Xe-Ønepw cmpym- c Xe-Ønepw s]mxpsh kml-ncyw Hmlcn hn]-wn v A\p-Iq-e-amWv. - k m ]cn-jvi-cw \S-]-Sn-I-fp-ambn apt m- p-t]m-ip-sa {]Xo hn]-wn- v Icp-tØ-Ip p. sluvpv dnk v sukviv C y Hmlcn hn]wn c v h jsø Db \ne-bn-te v FØp- -Xn\v 2013 s BZy-am-k-Øn Xs \nt -]-I km yw hln- p. sk skivkv 20,000 t]mbn n\pw \n^v n 6,000 t]mbn n\v apifnepw ASn-Ø-d-bn- -txmss \nt -]-I-cpsS Bfl-hn-izmkw h [n- p. hn]wn 2013 ]pxnb Db-c-ß-fn-se-Øp-sa mwv \nco- - I {]h-nn- p- -Xv. B`y- c Xe-Ønepw cmpym- c Xe- Ønepw s]mxpsh kml-ncyw Hmlcn hn]-wn v A\p-Iq-e-amWv. ti{μ-k m ]cn-jvi-cw \S-]-Sn-I-fp-ambn apt m- p-t]m- Ip-sa {]Xo hn]-wn- v Icp-tØ-Ip p. [\-s Wnsb AXn-Po-hn bpfkv kº-zvhy-hÿ Xncn- p-h-c-hns ]mx-bnem-sw hnizmkw hn]-wn-bn ]c- n- p- v. \nipxn h [n- n- p- Xv Hgn-hm- nbpw k m-cns snehv sh n- p-d- msxbpw bpf-knse [\-s Wn Hgn-hm- m bpfkv `cwiqsw {lkz-ime [mc-wbn-se-øn-bxv BtKmf hn]-wn-i-fn IpXn- n\v hgn-sbm-cp- n. FÆ- -hm-xi taj-e-bnse ti{μ k m-cns ]cn-jvi-cw {]Jym-]-\-ßsf XpS v hn]-wn-bn i -amb ip`m-]vxnhn-izmkamwv krjvsn s Xv. F m amkhpw Uok-ens hne sndnb txmxn h [n- n- m s]mxp-ta-jem FÆ Iº-\nIsf A\p-h-Zn- p-i-bmwv k m snbvx-xv. dos -bn- D]-t`m- m- ƒ v \ Ip Uok-ens hne {]Xn-amkw 50 ss]k hsc h [n- n- m-\mwv k m A\p-aXn \ In-bn-cn- p- -Xv. h txm-xn Uok hmßp D]- t`m- m- ƒ v hn p Uok-ens hne hn]wn hne v Xpey-am bn h [n- n- p-ibpw snbvxp. Cu \o w k m ]cn-jvi-cw \S-]-Sn-Iƒ XpS-cm-\p Xocp-am-\-Øn Dd- p- \n p-i-bm-sw- mwv hy -am- p- -Xv. hntzi aqe-[\w BI jn- m-\mbn [\- hntz-i -\n-t -]I ÿm]-\- ߃ C y hn]-wn-bn te v KWy-amb txmxn- \nt -]-sam-gp- p -Xv XpScpIbmWv. P\phcnbn hntz-i- \n-t -]I ÿm]- \-߃ 17,300 timsn cq]- bpss A -\n-t -]w \S-Øn. AtX kabw B`y c \nt -]I ÿm]\-߃ A hn \ mcmbn XpS p. Im-cy-a{ n ]n.-nn-zw-_cw {]apj [\-Imcy ti{μ-߃ kμ in- p-ibpw hntzi \nt -]-Isc kμ in- p-ibpw snbvxph-cn-i-bm-wv. Cu kμ i-\-߃ v A\p- Iq-e-amb {]Xn-I-c-W-amWv e`n- p- -sx- mwv dnt m p-iƒ. _P- nepw hn]-wn v Xmßm-hp {]Jym-]-\-ß-fp- m-ip-sa- mwv {]Xo-. tim -td- p-i-fpss ss{xamk {]h Ø- \-^-e-߃ hn]-wn v IcpØv ]I p. an em PvIm v Iº-\n-Ifpw hn]-wn- {]Xo- n- -Xn-t\- mƒ ani {]h Ø-\- ^-e-amwv ]pd-øp-hn- -Xv. amcpxn kpkpin, Hml-cn, su v, ItΩm-Un- n, Id kn hn]-wn-i-fpss {]I-S\w (P\p-hcn 25se hn]wn \ne A\p-k-cn- v) hn]wn P\p25 Hcp amksø Hcp h jsø se \ne hyxn-bm\w hyxn-bm\w \n^v n % % Hmlcn UmIvkv % % -- - hn]wn tum tpm kv % % \n n % % ItΩm-Un n kz Ww (Hcp Hu kns % % hn]wn tumf-dn-ep hne) {IqUv Hmbn (Hcp % 3.61% -- _mc-en\vtumf-dn-ep hne) Id kn bpfkv tumf cq] % +7.77% C t^mknkv, dneb kv C kv{sokv XpSßnb Iº\nIƒ hn]wn v B cyw ]I psim v hfsc ani {]h Ø\ dnt m pifmwv ]pdøphn Xv. Cu Iº\nIfnse HmlcnIfnepw i amb IpXn p mbn Bcw-`n- -Xn\p tijhpw hntz-i- \n-t -]I ÿm]-\-߃ C y hn]-wnbnte v KWy-amb txmxn-emwv \nt -]- sam-gp- n-b-xv. P\p-hcn 23 hsc hntz-i-\nt -]I ÿm]-\-߃ 17,300 timsn cq]- bpss A -\n-t -]-amwv \S-Øn-b-Xv. AtX kabw B`y c \n-t -]I ÿm]-\-߃ A hn \ mcmbn XpScpIbmWv. Hmbn &Kymkv taj-e-bmwv Hcp amk- Øn-\nsS G hpw ani {]I-S\w ImgvN sh -Xv. Hcp amk-øn-\nss Hmbn &Kymkv taje 14 ix-am-\amwv apt -dn-b-xv. Uok hne Db Øp- -Xn\v FÆ Iº-\n-Iƒ v A\p-aXn \ Inb k m-cns Xocpam\amWv Cu IpXn- n\v hgn-sh- -Xv. dnb Ftà v taje \mev ixam\w apt dnbt mƒ sa taje \mev ixam\w CSnhv t\cn- p. P\phcn Ahkm\Øn Nne anuvim v HmlcnIfn i amb CSnhp mbn. F vunsff ns s{]mtam am Hmlcn Iƒ hn p psh hm ØbmWv Cu XI v ImcWambXv. F vunsf F n s Hmlcnbn Hcp amkøn\nss 25 ix am\w CSnhp mbn. \hw-_-dnse hymhkm-bni D m-z\ kqnn I 0.1 ix-am\w Uot{Km Øv tcj-s -Sp-Øn. HIvtSm_dn hymh-kmbni D m-z\ hf 8.30 ix-am-\-ambncp- p. \hw- -_-dn D m-z\ taje 0.3 ix-am\w hf bmwv tcj-s -Sp-ØnbXv. J\\ D mz\w 5.5 ixam\w Ipd p. samø hym]mc hne kqnn-i-bpss ASn-ÿm-\- Ønep ]W-s -cp w aq v amksø Ipd \nebnseøn ix am\amwv Unkw_dnse ]Ws cp w. sluvpv Hmlcn s^{_p-hcn

46 Commodity Watch kz W-hn-ebn Nm m w XpS t pw bpfkv DtØPI ] XnIƒ XpS t ns Xpw ssn\bnse D mz\ {]h Ø\w c v h jsø G hpw ani \nebnemsw Xpw kz WØns Unam ns\ {]XnIqeambn _m[n p LSIßfmWv. sluvpv dnk v sukviv BtKmf hnebnep mb XncpØens\ XpS v C ybnepw kz Whne ]gb DbcØnte v IpXn m\mhmsx Xmgv \nebn XpScpIbmWv. tumfdns\xnsc cq]bpss aqeyw i nbm Pn Xpw C y bnse kz Whnesb _m[n p LSI amwv. bpfknse s^ud dnk hv DtØP I ] XnIƒ XpS t ns dnt m v P\phcnbn cmpym c Xe Øn kz W hne CSnbp Xn \v ImcWambn. kz W-Øns cmpym- c hne Hu kn\v tumf F \ne-bn-em-wv. kz WØn\v 1700 tumfdn i amb {]Xntcm[ap v. bpfknse kmlncy߃ kz W hnebn Nm m ߃ XpScp Xn\v Imc Wamtb pw. AtX kabw Xmgv hnebn \nt ]w \SØp Xn\v Gjybnse \nt ]I XbmdmIpsa XmWv A\p IqeLSIw. amμyimesø kpc nx \nt ] am Kw F \nebn kz WØn\p m bncp BI jwobx Ipd phcni bmwv F XmWv BtKmf kqn\iƒ shfns SpØp Xv. ssn\bnse D mz\ {]h Ø\w c v h jsø G hpw ani hf bnemsw dnt m pw BtKmf hf Cu h jw ani \nebnembncn psa sffwf^n (C \mjw tamwn dn ^ v) s \nco Whpw kpc nx \nt ] am Kw F \nebn BtKmfXeØn kz WØn\p Unam v Ipdbm\p km[yxbnte mwv hnc Nq p Xv. C ybpss Id v A u v IΩn \nb{ n p Xn\mbn [\Imcy a{ mebw kz W-Øns Cd- p-axn Xocph \mev ixam\øn \n pw Bdv ixam\ambn h [n n Xv C ybnse kz W D]t`mKw Ipdbpsa {]Xo bnemwv. AtX ka bw Cd paxn Xocph h [n- n- Xn\p tijw kz W-Øns hne-bn {]Xo- n h [\hv D m-bn- n. tumf- -dn-s\-xnsc cq]- 46 sluvpv Hmlcn s^{_p-hcn 2013 bpss aqeyw i -am-sw- XmWv Imc-Ww. C ybn kz WØns hne 10 {Kmw kz W-Øn\v 31,200 31,500 cq] F \nebnemwv. sh nbpfknse s^ud dnk hv DtØP I ] XnIƒ XpS t ns dnt m v sh nbpss hne CSnbp Xn\pw ImcWambn. AtX kabw ssn\bnse D mz\ {]h Ø\߃ sa s Sp p sh dnt m v sh nbpss Unam v h [n psa {]Xo v hgnsh n p v. ssn\bpss ss{x amk kmºøni hf 7.9 ixam\ amwv. ssn\bpss kmºøni hf sa s Xv ssn\okv kºzv hyhÿ Hcp Xncn phchns ]mxbnemsw kqn\bmwv \ Ip Xv. bqtdm tajebnse ] t knwkv amt\ tpgvkv C UIvkv sa s Xpw sh nsb XpW p LSIamWv. {lkzimemsn ÿm\øn sh nbpss hnebn Nm m w XpScm\mWv km[yx. tim e sa FIvkvtN nse tim hne 8000 tumf F \nebn amμyimesø kpc nx \nt ] am Kw F \nebn kz WØn\p mbncp BI jwo bx Ipd phcnibmwv F XmWv BtKmf kqn \Iƒ shfns SpØp Xv. bpfknse kmlncy ߃ kz W hnebn Nm m w XpScp Xn\v ImcWamtb pw. ÿncs p. ssn\- bpss kmºøni hf sa s Xv tim dn\p Unam v h [n n psa {]Xo v hgnsh n p v. ssn\bn se hymhkmbni hf, dos bn hn \, am\p ^mivn dnwkv ] t knwkv amt\tpgvkv C UIvkv F nh ssn\okv kºzvhyhÿbpss Xncn phcmwv kqnn n p Xv. temi-ønse G hpw henb teml D]-t`m- m- -fmb ssn\ D m-z\ {]h Ø-\-߃ hn]p-eo-i-cn- p- Xv tim hnesb XpW-bv p LS-I-am-Wv. bpf knse `h\\n amw tajebn Unam v sa s Sp Xpw tim dns Unam v h [n n m km[yxbp v. {IqUv Hmbn Kƒ^v taj-e-bnse cmjv{sob {]iv\- ßfpw ssn\bpss hf sa s Sp p sh p kqn\ifpw {IqUv Hmbn hne ÿncxbm Pn p Xn\v ImcWambn. Cdm- \n \n p FÆ v D]-tcm[w G s - Sp-Øn-bXpw kssπsb _m[n- n- p- v. _m v Hm^v P m DtØPI ] XnIƒ {]Jym]n Xv {IqUv Hmbn hnesb XpW bv p LSIamWv. d_ d_ hne CSns nepw hniknx cmpyßfnse ÿnxnkxniƒ sa s Sp Xv d_ D]t`mKw h [n psa {]Xo ]cønbn p v. {][m\ d_ D m- ZI cmpy-߃ I j-i-cn \n pw t\cn v d_ tij-cn- p- -Xn-\p Xocpam-\-sa-Sp-ØXpw XpS p hn ]peoicw ] XnIƒ \n Øn sh Xpw atejybpw Ct mt\-jybpw d_ D m-z\w Ipd-bv m Xocp-am-\n- Xpw d_ hnesb XpW- p p. AtX kabw bqtdm nse d_ D]t`mKw h [n m\p km[yxbn møxv d_ hn]wnsb {]XnIqeambn _m[n p LSIamWv.

47 Market Trends \nt -]-Øns aq n c pw Hml-cn-I-fn- sk skivkv 20,000 t]mbn n\v apifn-te v apt -dn-bn pw C y Hmlcn hn]- Wnbnse dos -bn \nt -]-I-cpsS ] mfn-ø-øn Imcy-amb ]ptcm-kxnbn-. Hml-cn-Iƒ Aan-X-hn-e-bn-te v IS- p-tºm ƒ dos -bn \nt -]-I- Hmlcn hn]-wnbn-te v X n- -b-dp {]Xn-`mkw C p- BtKmf hn]-wn-bpss {] I-S-\-Øn henb {]Xo- -I-f n- p \nt -]- I ASpØ Bdv amk-øn- \p- n aq n c v \n t -]hpw Hml-cn-I-fn \S-Øm-s\m-cp-ßp-I-bm-sW v ªqw_ Kns k th. C y Hmlcn hn]wn Ign h j hpw Cu h jw Bcw-`n- -Xn\p tijhpw \S-Øp IpXn v {][m-\-ambpw hntz-i- \nt -]I ÿm]-\-ß-ƒ \S-Øp \nt -]- Øns ]n _-e-øn-em-wv. AtX kabw B`y- c \nt -]I ÿm]-\-ß-ƒ A - hn \ \S-Øp-I-bmWv snøp- -Xv. C y hn]-wn-bpss `mhnbpss Imcy-Ønepw C ybnse hnz-kv[tc mƒ "_p njv' BWv hntz-i- \n-t -]I ÿm]-\-ß-ƒ. hn]wn dnbpw Bh Øn- p-tam-sb Bi- bpw \ne-\n p- p. AtX kabw cmpym- c cwksø Hmlcn \nt -]-I-cpsS ÿnxn hyxy-kvx-am-wv. Cu h jsø BtKmf Hmlcn hn]-wn-bpss {]I-S-\-Øn henb {]Xo- -I-f n- p \nt -]-I ASp Ø Bdv amk-øn-\p- n aq n c v \nt -]hpw Hml-cn-I-fn \S-Øm-s\m-cpßp-I-bm-sW v ªqw_ Kv \S-Ønb k th hy -am- p- p. ªqws_ Kns BtKmf k th-bn ]s -SpØ 53 ix-am\w t]cpw ASpØ h jw G hpw IqSp-X t\ w \ Ip \nt -]-am Kw Hml-cn-I-fm-bn-cn- p-sa A`n-{]m-b-amWv ] p-sh- -Xv. bpfkv kº- Zvhy-h-ÿ-bpsS ÿnxn sa -s -Sp- Xpw bqtdm- nse Bi- -Iƒ Ab-bp- -Xp-amWv \nt -]-I-cpsS Cu hnizm-k-øn\p ]n n. k th-bn ]s -SpØ 921 t]cn `qcn-`m-khpw c v h j-ambn Ata-cn ani \ne-bn-em-sw pw bpfkv kº-zvhyhÿ sa - - p-h-cn-ibmsw pw A`n-{]mb-s - p sabv apx BtKmf kº- Zvhy-hÿ sa -s - p-h-cn-i-bm-sw pw bpfkv, bqtdm- v, ssn\ F o taj-e-i-fnse kº-zvhy-h-ÿ-iƒ amμy-øn \n v Ic- I-b-dp-I-bm-sW- p-ap A`n-{]m-b-amWv k th apt m- p-sh- p- -Xv. hn]wn IpXn- p-sa v C sh-ãvsa v _m p-iƒ C\nbpw apt -dp-sa v C- y-bnse \nt ] hnz-kv[cpw ]d-bp- p-s - nepw Hmlcn kqnn- I-I-fpsS Imcy-Øn Ah {]h-nn- p- - Xn-t\- mƒ henb Db-c-ß-fm Wv hntz-i- \n-t -]I ÿm]- \-ß-ƒ e y-an-sp- -Xv \n^v n 7000 t]mbn v adn-i-s- p-sa- mwv {]apj C sh-ãvsa v _m mb tkmƒuvam kmnvkv {]h-nn- p- -Xv. C y Hm-lcn hn] Wn Ct mgpw BI j-i-amb aqey-øn-emwv hym]mcw snøp- -sx pw Iº-\n-I-fpsS hcpam\ h [-\bpw cmpy-øns kmº-øni hf bpw hn] Wn ]pxnb Db-c-ß-fn-se-Øp -Xn\v klm-b-i-am-ip-sa- p-am Wv tkmƒ Uvam kmnvkns \nk-a-\w. as mcp {]apj C sh-ãv sa v _m mb tam K Ãm en ASpØ Unkw-_-tdmsS sk skivkv 23,069 t]mbn nse-øp-sa- mwv {]h-nn- p- - Xv C y "B\' Hmlcn hn]wn C\nbpw apt -dp-sa v C- y-bnse \nt ] hnz-kv[ ]d-bp- p-s - nepw kqnn-i-ifpss Imcy-Øn Ah {]h-nn- p- -Xn-t\- mƒ henb Db-c-ß-fmWv hntzi- \n-t -]I ÿm]-\- ß-ƒ e y-an-sp- -Xv. "]pen'-bmbn amdp-sa- mwv C sh-ãvsa v _m mb aizmdnbpss \nco- -Ww. sk sk-ivkn\v aizmdn I n- n-cp Sm K v 21,600 t]mbn n \n pw 22,200 t]mbn m bpw \n^v n-bpss Sm K v 6,600 t]mbn n \n pw 6,900 t]mbn mbpw Db Øn. kmº- ØnI ]cn-jvi-cwßfpss ]n _-e-øn ASpØ aq v h jw C y F v ix-am\w hf ssih-cn- p-sa- mwv aizm-dn-bpss \nk-a-\w. sluvpv Hmlcn s^{_p-hcn

48 Brand War {_m v bp w simgp- p p; Xmc-ßfpsS t]m pw hyxykvx `mj-i-fnse Ne- n{x kq Xm-c-ßsf AWn-\n-cØn {_m v Io Øn s]cp- n- p ]c-ky-x{ w A\p-I-cn- p- -Xn tic-f-ønse {]apj Iº-\n-Iƒ XΩn a -cn- p-tºmƒ ticfw C y-bnse F tumgvkvsa v C -kv{sn v \ Ip kw`m-h\ ixtimsn-ifmbn Db p. Hmtcm taj-e-bnepw B {]tz-isø Ne- n{x kq XmcØn\v {_m v Aw_m-kn- U ]Z-hn aw- pdw ^n\m kmwv BZyambn Cu ]c-ky-x{ w ]b- n-b-xv. t\csø ae-bm-f-ønse kq Xmcw taml em am{x-am-bn-cp p aw- p-d-øns {_m v Aw_m-kn-U-sd- n Xan-gsc BI jn- m- \mbn hn{iapw I -Un-Ksc BI jn- m- \mbn ]p\oxv cmpvip-amdpw sxep- sc BI jn- m-\mbn sh n-tsjpw AWn-\n-c- p. _wkm-fn-iƒ v anyp N{I-h Øn, adm- Øn-Iƒ v k n JtU- F n-ßs\ t]mip p aw- p-d-øns {_m v Aw_mkn-U am-cpss \nc. ticfw Bÿm-\-ambn {]h Øn- p Hcp Iº-\n-bpsS a v kwÿm-\-ß-fn-te- p _nkn-\kv hym]- \-Øn-\mbn AXmXv taje-i-fnse kq Xmc-ßsf Iq p-]n-sn- p Cu ]c-ky-x{ w hnp-b-i-c-am-bn-cp- p. kn\n-a-bn hnpbw ImWp ck- q- ns t^m ap-e-iƒ ]n osv A\p-I-cn- -s -Sp- Xv km[m-c-w-am-wv. ]cky hyh-km-b-øn-s bpw ÿnxn adn- -. hyxy kvx `mj-i-fnse kq Xm-c-ßsf AWn-\ncØn {_m v Io Øn s]cp- n- p ]c-ky-x { w tic-f-ønse a v {] apj Iº-\n-Iƒ pw H ßv t_m[n- p. Pz dn taj-e-bnse {]apj Iº-\n-bmb Ieym Pzt -gvkmwv ]n osv Cu ]c-ky-x{ w A \p-i-cn- p- Xp I -Xv. t_mfn-hpuv Xmcß-fmb sfiz-cym-dm-bv, Aan-Xm`v _, sx ep- n \n pw \mkm Pp, ae-bm-f-øn \n pw Zneo-]v, Xan-gn \n pw {]`p, I -U-bn \n pw inh-cmpv Ipam F nhsc AWn-\ncØp -Xn-\mbn I eym Pzt gvkv hmcnsb-dn 48 sluvpv Hmlcn s^{_p-hcn 2013 G -hp-sam-sp-hn tpmbv B ep- mkmwv Xß-fpsS ]cky-{]-nm-c-w-øn-\mbn hnhn [ `mj-i-fnse kq Xmc ßsf AWn-\n-cØnbXv. am[-h, A p A Pp, kp tcjv tkm]n, kpzo]v F nh-cmwv tpmbv Bep- mkn s {_m v Aw_m-knU am. Xv timsn-i-fm-wv. sim n-bnse tjmdqw DZvLm- S\w snøm-\mbn sfiz-cym-dm-bnsb tic-f- Øn-te v B\-bn v Ieym Pzt gvkv {]Nm-c-Wm-tLm-j-߃ v simgp v ]I p. kn\namxmc-ß-fmb F{X {_m v Aw_m-kn-U am-cp- v, Xmc-aq-ey-Øns Imcy-Øn Ah FhnsS \n p p F sxm-s -bmwv {_m v s]cp-a-bpss am\-z WvUw F v tic-f-ønse Hcp hn`mkw Iº- \n-iƒ [cn- p-sh- n-cn- p- Xp t]mse-bmwv Ct mƒ Imcy-߃. {]apj kz Wm`-cW hym]m-cn-i-fmb ae-_m tkmƒuv taml em-en\p ]pdsa Xan-gnse kq Xmcw kqcy sb IqSn Xß-fpsS {_m v Aw_mknUdm- n. ]c-ky-ß-fnse kqcy-bpss km n[yw Xangv\m n _nkn-\kv hn]p-e-am- m klm-b-i-am-ip-sa- mwv Iº-\n-bpsS hnebn-cp-ø. G -hp-sam-sp-hn cmpym- c Xe-Øn km n-[y-ap Pz -dn-bmb tpmbv Bep- mkpw ]e `mj-i-fnse kq Xmcßsf AWn-\n-cØn {_m v s]cp-a h [n- n m- \p {ia-øn-em-wv. ae-bmfw, I -U, Xangv, sxep v kn\n-a-i-fnse kq Xm-c-ß-sfbmWv tpmbv Bep- mkv {_m v Aw_mkn-U amcmbn \ntbm-kn- n-cn- p- -Xv. Xangv kq Xmcw am[-h t\csø tpmbv B ep- m-kns {_m v Aw_m-kn-U-dm-bn-cps - n sxep- n \n pw A p A Pp, ae-bm-f-øn \n pw kptcjv tkm]n, I -Ubn \n pw kpzo]v F n-hsc IqSn tpmbv Bep- m kv AWn-\n-c-Øn. ]c-ky-ß-fnse Xmc-_m-lpeyw IqSn-b-t mƒ tic fw C y-bnse F tumgvkvsa v C -kv{sn v \ Ip kw`mh\ ix timsn- p taep-b p.

49 Celebrity Money ^psvt_m-ƒ X nbpw jmdqjv ]W-ap- m pw jmdq-jvjm kn\n-am-xmcw am{x-a-, "_nkn-\kv AIyp-sa ' D Hcp kwcw-`-i IqSn-bm-Wv. kn\nam \n am-xmhpw sf]n- F Soamb sim Ø ss\ v ssdtu-gvkns DSabpamb jmdq-jvjm X\n v A`n-\n-th-i-ap taj-e-isf Hcp kwcw-`- Is IÆn IqSnbpw t\m n- m-wp- p. kn\n-a p ]pdsa Xs CjvS-ta-J-e-bmb Imbn-I-tem-IØv ]pxnb kwcw-`-ßfpss `mkam-im\p {ia-øn-emwv InwKvJm. C y-bnse G hpw ]g-bxpw tifo-an-i-hp- -Xp-amb ^psvt_m ƒ Soap-I-fn-sem- mb suwt]m ^psvt_mƒ ªns 50 ix-am\w Hml-cn-Iƒ hmßm-\mwv jmdq-jvjms ] -Xn. CXn-\mbn 30 timsn cq]bmwv jmdq-jvjm sne-hn-sp Xv. N -Iƒ A n-a-l- -Ønem-Ws{X. suwt]m ^psvt_mƒ ªns\ hmßm-\p \o w ÿnco-icn jmdq-jvjm ]t hni-zmw-i-߃ H pw shfn-s -Sp-Øm Xbm-dm-bn- n. suwt]m ^psvt_mƒ ªns\ hmßm-\mbn jmdq- Jn\v ]pdsa Hcp ap C y {In v Xmchpw GXm\pw tim td v lukp-ifpw cwk-øp-s - mwv Adn-bp- -Xv. suwt]m F t]cn-ep _nkn-\kv {Kq ns ]q W DS-aÿ-X-bn-ep suwt]m ^psvt_mƒ _v Ign G{]n-en A mw h w sf -eokv IncoSw t\sn-bn-cp- p. GI-tZiw timsn cq]-bmwv suwt]m ^psvt_mƒ _ns axn v hne IW- m- p- -Xv. kn\n-a- m-c-\m-bxp sim v kn\n-a-iƒ \n an- p jmdq-jns\ Imbn-I-temIsØ kwcw-`-ß-fn-te v \bn- Xv kvt]m Svkn-t\m- Sp t{]aamwv. kviqfn ]Tn- p-tºmƒ ImbnIcwKØv kpo-ham-bn-cp jmdq-jvjm\v Cu kwcw-`-ßfnte- p {]th-i\w Krlm-Xp-c-Xz-Øns `mkw IqSn-bm-Wv. _nkv _n B-bmepw BZm-b-\n-IpXn hip- n-t\msv Ifn- th X\n-s -Xn-cmb BZmb \nipxn hip- ns l Pn sslt m- SXn X n-bt m-ƒ Biz-kn- -XmWv _nkv _n. ]t BZm-b-\n- IpXn hip- ns ]pxnb l Pn-bn-t kp{]nw tims-xn {]Xn-IcWw txsn-txmss _nkv _n v axn-bm-bn. BZm-b-\n-Ip-Xn- DtZym-Kÿ ]d-bp \nipxn \ In Xe-bq-cm _nkv _n Xocp-am-\n- p-ibpw snbvxp. Xm F{X "_nkv' BsW- nepw BZm-b-\n- IpXn hip nt\msv X n- m t]mim-ø-xmwv _p n-sb v txm nbt mƒ ssiiq n sxmgpxv Cßs\ samgn-bp-ibpw snbvxp: ""GXv hy n-bm-bmepw Hcm-fpsS Pohn-X-Øn Hgn- p-iq- Sm-\m-Im-ØXv ac-whpw ]ns BZm-b-\n-Ip-Xn-bp-amWv.'' 12 h jw apºsø \nipxn IpSn-in-I-bpsS t]cnemwv BZmb-\n-IpXn hip- v Aan-Xm`v _ s\ timsxn Ib- n-b-xv "tim _t\k t{im ]Xn' F ]cn-]m-sn-bn-eqss t\snb hcpam-\-øn\v \ ti 1.66 timsn cq]-bpss BZmb \nipxn _ IpSn-inI hcp-øn-bn- p-s - m-bn-cp p BZm-b-\n-IpXn hip- ns \ne-]m-sv s^{_p-hcn 29\v ka n BZm-b-\n-IpXn hip- ns l Pn t_mws_ sslt m-sxn X n-bncp- p. CXns\ XpS mwv BZm-b-\n-IpXn hip- v kp{]nw tims-xnsb kao-]n- -Xv kmº-øni h jønte p sfsn dnt -Wn Xs hm jni hcp-am-\-ambn 3.23 timsn cq]-bmwv _ tcj-s -Sp-Øn-b-sX pw F m Snhn tjmbn \n p hcp-am\w Dƒs ss 26 timsn cq] B h jw At±-l-Øn\v e`n- n-cp- p-sh pw Nq n- m- nbm Wv BZm-b-\n-IpXn hip- v ]nsn-ap-dp- n-b-xv. ]c-tam- X tims- Xn v ap n tisk-øn-b-txmss BZm-b-\n-IpXn hip- p-am-bp X w axn-bm n _ Iog-S-ßn. sluvpv Hmlcn s^{_p-hcn

50 kmº-øni Bkq-{X-Ww, \nt -]w, _nkn-\kv XpS-ßnb hnhn[ [\-Imcy hnj-b-ßsf Ipdn v ka-{k-amb Adnhv ]I-cp ae-bm-f-ønse GI amkni sluvpv HmlcnbpsS Hmtcm e -Ønepw Hmlcn hn]-wnsb kzm[o-\n- p G hpw ]pxnb {]h-w-x-ifp-ssbpw kw`h hnim-k-ß-fp-ss bpw hni-i-e-\-߃, Hmlcn \n t -]-Øns ASn-ÿm\ XXz ߃ hni-z-am- pibpw hmb\- m- v \nt ] klmbn F \ne-bn D]-tbm-K-s -Sp-Øp-Ibpw snøm-hp hnhn[]w n- - Iƒ ayqnz ^ v, dnb FtÃ- v, kz Ww, t_m p-iƒ, _m nwkv XpS-ßnb hnhn[ \nt ] am K-ßsf Ipdn p imkv{xo-bamb am K \n tz-i-߃ C y-bn-sebpw ticfønsebpw [\-Imcy, _nkn-\kv cwkøv D m-ip ]pxnb Ne-\-ß-fpsS bpw kw`-h-ß-fp-ssbpw hni-i-e- \-߃ Icn-b, Hmt m-sam-ss_, ssivt\m-f-pn, A{Kn- ƒ, C jp-d kv XpSßnb hnhn[ taj-e-i-fnse ]pxnb Ne-\߃ {_m v CIzn- n, kivkkv a{ mkv, _nkn-\kv sf kv XpSßnb hnhn[ ]w niƒ tic-f-ønse {]apj Iº-\n km c-yn-i-fp-am-bp A`n-apJw 50 sluvpv Hmlcn s^{_p-hcn cq] \ In A v h j-tø v hcn m-c-\m-ip-tºmƒ \n߃ em`n- p- Xv 500 cq]!!! Term No.of issues Cover Price You Pay You save 1year % 2 year % 5 year % ORDER FORM Name District... Pin...Phone Date... Mode of payment: Cheque DD Cash In favour of Hedge Equities Ltd., payable at Cochin. Please fill the order form and mail it with your remittance to: Hedge Equities Ltd., Hedge House, Mamangalam, Kochi Pls add Rs. 20 for outstation cheques. For more information contact: editor@hedgeequities.com Signature... Rm sluvpv Hml-cn-bpsS hcn- m-c-\m-im B{K-ln- p p 1 h jw h jw h jw 1000

51 sluvpv Hmlcn s^{_p-hcn

52 RNI NO. KERMAL /2011/39839 HEDGE OHARI February 2013 Registered No. KL/EKM/724/ sluvpv Hmlcn s^{_p-hcn 2013