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INDO AMERICAN NEWS • FRIDAY,FEbRuARY 11, 2011 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM STOCKS • FINANCE • SOUTH ASIAN MARKETS • TECHNOLOGY IndoAmerican News Business Friday, February 11, 2011 www.indoamerican-news.com NEW DELHI (HT) The govern- ment on Monday tweaked up the economic growth rate for the current fiscal year, sending a mild note of cheer to an economy worried by prospects of a slowdown. India’s gross domestic product (GDP) would grow by 8.6% in 2010- 11, marginally above its original 8.5% estimate, buoyed by a strong rebound in the farm sector, the government said. But rising prices and volatility in foreign institutional investment (FII) remain key worries. India’s economy had grown by 8.0 % in 2009-10. Overall, the data showed strong domestic demand driving growth in India, despite some industrial sluggishness, while de- veloped economies are showing a India’s GDP to Grow at 8.6%; Rising Prices, Volatility Remain Key Worries bumpy recovery. Finance minister Pranab Mukher- jee said the buoyancy in tax collec- tions was reflected in the GDP growth, which has been aided by strong spending in the private sector. While private consumption is estimated to grow at 8.2 % in 2010-11 over the previous year, the growth in investment is anticipated at close to 9 %, advanced estimates of national accounts showed. Growth in government spending is esti- mated to moderate significantly to 2.6 % in 2010-11. India’s GDP grew 8.9% during the first six months of this fiscal year, making it the second fastest growing economy in the world, next only to China’s estimated 9 % growth in 2010. Consumer durables sales have grown at robust pace mirroring higher purchases of goods such as televisions, refrigerators and cars and a growing consumer appetite. “The strong revival in private spending and improvement in in- vestment growth is a welcome sign,” Mukherjee said. “However, we still have some distance to go before regaining the investment growth witnessed in the pre-crisis period,” he said. Prices, however, remain a worry.

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INDO AMERICAN NEWS • FRIDAY,FEbRuARY 11, 2011 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

25 Indo American News • Friday,February 11, 2011ONLINE EDITION: www.indoamerican-news.com

STOCKS • FINANCE • SOUTH ASIAN MARKETS • TECHNOLOGY

IndoAmerican News

BusinessFriday, February 11, 2011 www.indoamerican-news.com

NEW DELHI (HT) The govern-ment on Monday tweaked up the economic growth rate for the current fiscal year, sending a mild note of cheer to an economy worried by prospects of a slowdown.

India’s gross domestic product (GDP) would grow by 8.6% in 2010-11, marginally above its original 8.5% estimate, buoyed by a strong rebound in the farm sector, the government said. But rising prices and volatility in foreign institutional investment (FII) remain key worries.

India’s economy had grown by 8.0 % in 2009-10. Overall, the data showed strong domestic demand

driving growth in India, despite some industrial sluggishness, while de-veloped economies are showing a

India’s GDP to Grow at 8.6%; Rising Prices, Volatility Remain Key Worries

bumpy recovery.Finance minister Pranab Mukher-

jee said the buoyancy in tax collec-

tions was reflected in the GDP growth, which has been aided by strong spending in the private sector.

While private consumption is estimated to grow at 8.2 % in 2010-11 over the previous year, the growth in investment is anticipated at close to 9 %, advanced estimates of national accounts showed. Growth in government spending is esti-mated to moderate significantly to 2.6 % in 2010-11.

India’s GDP grew 8.9% during the first six months of this fiscal year, making it the second fastest growing

economy in the world, next only to China’s estimated 9 % growth in 2010.

Consumer durables sales have grown at robust pace mirroring higher purchases of goods such as televisions, refrigerators and cars and a growing consumer appetite.

“The strong revival in private spending and improvement in in-vestment growth is a welcome sign,” Mukherjee said. “However, we still have some distance to go before regaining the investment growth witnessed in the pre-crisis period,” he said. Prices, however, remain a worry.

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INDO AMERICAN NEWS • FRIDAY, FEbRuARY 11, 2011• ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

26 Indo American News • Friday. February 11, 2011 ONLINE EDITION: www.indoamerican-news.comI N d I A

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HDFC MF unveils Cancer-based Fundunveils Cancer-based FunduMUMBAI (IE) : Amidst a grow-

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HDFC MF has launched the product to commemorate its 10th anniversary and had to take special permission from the capital market regulator Sebi before it launched the product.

The offering will be open for investors be-tween February 18 and March 4 and the minimum application amount is Rs one-lakh. HDFC will not charge any fees for the invest-ment. The dividend amount donated to the society will get tax benefits and HDFC will also try to convince corporates and other trusts to invest in the scheme, Parekh said. The move comes with-in weeks of Indian busi-ness leaders like HCL’s Shiv Nadar and Wipro’s Azim Premji making

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29 Indo American News • Friday,February 11, 2011ONLINE EDITION: www.indoamerican-news.com

Indo American News South Asia

News of the Diaspora

All Eyes on New Man in Nepal with Maoist backing: Jhalanath KhanalBy DhruBa aDhikary

KATHMANDU (ATimes): Clouds of political uncertainty hanging over Nepal have lifted somewhat as a prime minister acceptable to all factions was finally found at the 17th attempt. Last Sunday, President Ram Baran Yadav administered the oath of office to Jhalanath Khanal.

The 60-year-old leader of the Unified-Marxist Leninist (UML) party, takes over from Madhav Kumar Nepal, who had served in a caretaker role since resigning last June and is from the same moderate communist party.

Khanal will have no time for niceties. As he attempts to revive Nepal’s flagging peace process and meet a May 28 deadline for a much-delayed new constitution, the new prime minister also faces an immediate crisis in his attempts to form a government.

Despite previous deals, Khanal’s main coalition partner, the Maoist party led by Pushpa Kamal Dahal (also known as Prachanda), has been unable to agree on the distribution of key portfolios such as the ministries

of home affairs, finance, and foreign affairs.

Khanal is seeking to build a “broad coalition” - as has been suggested by Western diplomats in Kathmandu - so he can ensure a two-thirds majority in the 601-member Constitution Assembly needed to pass a new constitution.

However, there are 28 parties in the assembly, with some clearly opposed to a leftist-dominated alliance that would “capture” power and perpetuate it, possibly through rigged elections.

Analysts had began drawing comparisons with a political impasse in Iraq, where a caretaker administration only recently ended after governing for 249 days. Or Belgium, which has been led by a caretaker prime minister for the past 230 days and looks likely to beat Iraq’s record. But defying predictions, the assembly elected Khanal with a clear majority - 368 of the 598 votes cast.

The result was both a surprise for Nepal watchers and a much-needed relief to the people of a country in

transition to peace from a decade of civil war. The breakthrough was made possible by Prachanda, who withdrew his own candidacy and extended his party’s support to Khanal.

The 237 votes from the Maoists, the strongest party in Nepal since April 2008 elections, proved decisive, with the two remaining contenders, Nepali Congress parliamentary party leader Ram Chandra Paudel and Madhes Janaadhikar Forum-Democratic

chairman Bijaya Kumar Gachhadar, facing a resounding defeat.

Why did Prachanda, the strongest among the four contestants, choose to leave the field at such a late stage? It appears that the entry of a fourth candidate - Gachhadar - made him jittery.

Prachanda hurriedly withdrew his nomination to direct his party’s support towards Khanal.

According to Prachanda, Indian interference was the main hurdle to him resuming the premiership. Sworn in as prime minister in August 2008, his tenure lasted just nine months. Delhi tends to suspect that Prachanda is too close to China, a perception viewed locally as a bit of an exaggeration.

Prachanda’s decision to sacrifice himself was a calculated maneuver, according to analysts. It signals to allies in the West - that Prachanda is a force to be reckoned with.

Prachanda’s position is comparable to Congress party leader Sonia Gandhi in India, seen as a guiding hand for PM Manmohan Singh.

The other significant gain

Prachanda made was is an enhanced image of authority over dissenters within his Unified Communist Party of Nepal (Maoist).

There are also fears the leaders agreed that former Maoist combatants now sheltered in supervised cantonments may be formed into a separate fighting force under the government, in breach of agreement to integrate them into the Nepal army and other security agencies.

If the Maoists deviate from the agreed path, a sharp polarization of leftist and non-leftist forces would be unavoidable. Observers say this would create a power vacuum that China could step into as part of a plan to “encircle” India.

Those who share Delhi’s concerns over Khanal’s leanings observed closely the Chinese ambassador’s promptness in meeting the newly-elected prime minister at his private residence. While Khanal’s predecessor was often seen as a “puppet” of India, Khanal has certainly not inherited this baggage.

Dhruba Adhikary is a Kathmandu-based journalist.

Jhalanath Khanal, Nepal PM

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MARK THE MARK THE MARK BALL • Contest # 5WIN A DINE-IN GIFT CERTIFICATE!

Mark the spot of the missing ball in the photo. E-mail us a scanned version with the spot marked as an X on the photo. X on the photo. X [email protected] OR Mail your entry to: [email protected] OR Mail your entry to: [email protected] 7457 Harwin Dr, Ste: 262, Houston, TX 77036. Win a dine-in gift certificate for dining up to $50 in value. Send in your entry. One entry per family! Value of gift certificate will be decided by Indo American News. Hurry in with your entry. Do send us your contact details as well.We will announce the contest # 5 Winner in 3 weeks by February 25th, 2011.We will announce the results of Contest # 4 in 2 weeks by February 18th, 2011. No phone or fax entries, they will be considered void. You can still enter for contest # 4. WINNERS:• Contest 1 - Suresh Bidare $40 at Great W’kana Cafe• Contest 2 & 3 - No winners announced.Indo American News and its partners, clients, employees and families are not eligible to participate in this contest.

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33 Indo American News • Friday, February 11, 2011ONLINE EDITION: www.indoamerican-news.com S p o r t S

By Dominic BrockMUMBAI (Bing Pond Sport):

The 2011 Cricket World Cup will run from February 19 to April 2, with games to be played in India, Sri Lanka and Bangladesh. The tournament has been split into two groups of seven teams – Group A (Australia, Sri Lanka, Pakistan, New Zealand, Zimbabwe, Kenya and Canada) and Group B (India, England, South Africa, West In-dies, Bangladesh, Netherlands, Ireland).

The dreaded Super Six stage of former tournaments has thankfully been axed, with the top four teams from each group instead advanc-ing to the quarter-finals, before the semi-finals and final determine the champion.

Here’s your full guide to the 2011 World Cup contenders.

INDIABest World Cup finish: Winner

(1983)One-day ranking: 2Recent results: Lost away ODI

series against South Africa, 3-2Star player: Sachin TendulkarBetting odds: $4.25The tournament favourites have

home-ground advantage and a hugely talented squad, boosted by an aging champion still somehow at the peak of his powers. Sachin Tendulkar’s 2010 was incredible, and the 37-year-old ‘Little Master’ is set to thrill the Indian crowds again at the World Cup.

Squad: Mahendra Singh Dhoni (captain), Virender Sehwag, Sa-chin Tendulkar, Gautam Gambhir, Yuvraj Singh, Suresh Raina, Virat Kohli, Yusuf Pathan, Harbhajan Singh, Ravichandran Ashwin, Piy-ush Chawla, Zaheer Khan, Munaf Patel, Ashish Nehra, Sreesanth

AUSTRALIABest finish: Winner (1987, 1999,

2003, 2007)One-day ranking: 1Recent results: Won home ODI

series against England, 6-1Star player: Shane WatsonBetting odds: $5.50Winning a fourth straight World

Cup looked beyond Australia as the Test team capitulated to a hor-rible series defeat in Ashes, but the Aussies have turned their form around in the one-day arena since then.

Squad: Ricky Ponting (captain),

Michael Clarke, Doug Bollinger, Callum Ferguson, Brad Haddin, John Hastings, David Hussey, Jason Krejza, Mitchell Johnson, Brett Lee, Tim Paine, Steve Smith, Shaun Tait, Shane Watson, Cam-eron White.

SRI LANKABest finish: Winner (1996)One-day ranking: 3Recent results: Won home ODI

series against West Indies, 2-0Star player: Muttiah Muralitha-

ranBetting odds: $5.50A huge chance. One of three

tournament hosts along with India and Bangladesh, Sri Lanka will be out to repeat their heroics of 15 years ago when Arjuna Ranatun-ga’s men won the last World Cup held on the subcontinent

Squad: Kumar Sangakkara (cap-tain), Mahela Jayawardene, Upul Tharanga, Tillakaratne Dilshan, Thilan Samaraweera, Chamara Silva, Chamara Kapugedera, An-gelo Mathews, Thisara Perera, Nuwan Kulasekara, Lasith Mal-inga , Dilhara Fernando, Muttiah Muralitharan, Ajantha Mendis, Rangana Herath.

SOUTH AFRICABest finish: Semi-finals (1992,

1999, 2007)One-day ranking: 4Recent results: Won home ODI

series against India, 3-2Star player: Hashim AmlaBetting odds: $6

World Cup Preview: On a Given Day, Any Team Can Win

For a country with such a strong cricketing heritage, South Africa have curiously never made the World Cup final. After a long ri-valry with Australia, the Proteas remain the No.2 team in Test cricket following the rise of India – but they showed they can match it with the Indians in the one-day game with a recent 3-2 series win at home.

Squad: Graeme Smith (captain), Hashim Amla, Johan Botha, AB de Villiers, JP Duminy, Faf du Plessis, Colin Ingram, Jacques Kallis, Morne Morkel, Wayne Par-nell, Robin Peterson, Dale Steyn, Imran Tahir, Lonwabo Tsotsobe, Morne van Wyk.

ENGLANDBest finish: Runner-up (1979,

1987, 1992)One-day ranking: 5Recent results: Lost away ODI

series against Australia, 6-1Star player: Jonathan TrottBetting odds: $7A hugely improved side, as evi-

denced by a sensational Ashes win in Australia this summer, England nevertheless have hit a speed bump in their latest one-day performanc-es. Their series defeat to Australia could be written off as a post-Ash-es hangover, but England’s form will need to turn around quickly if they are to be contenders on the subcontinent.

Squad: Andrew Strauss (cap-tain), Jimmy Anderson, Ian Bell,

Ravi Bopara, Tim Bresnan, Stuart Broad, Paul Colling-wood, Kevin P i e t e r s e n , Matt Prior, Aj-mal Shahzad, G r a e m e Swann, James Tredwell, Jon-athan Trott, Luke Wright, Michael Yardy.

PAKISTANBest finish:

Winner (1992)O n e - d a y

ranking: 6Recent re-

sults: Won away ODI se-ries against New Zealand,

3-2Star player: Shahid AfridiBetting odds: $10For a country in such disarray

behind the scenes – with two star bowlers and a Test captain all cur-rently suspended on corruption charges – Pakistan has managed to win their latest one-day series away from home. Granted, that win came against the struggling New Zealanders, but it still shows that the always unpredictable Pakistanis won’t be kept down. Squad: Shahid Afridi, Mohammad Hafeez, Ahmed Shehzad, Kamran Akmal, Younis Khan, Misbah-ul-Haq, Asad Shafiq, Umar Akmal, Abdul Razzaq, Abdur Rehman, Saeed Ajmal, Shoaib Akhtar, Umar Gul, Wahab Riaz, Sohail Tanvir.

NEW ZEALANDBest finish: Semi-finals (1975,

1979, 1999, 2007)One-day ranking: 7Recent results: Lost home ODI

series against Pakistan, 3-2Star player: Daniel VettoriBetting odds: $17The Kiwis have had a horror

year in the 50-over game. Since October, they’ve been crushed 4-0 by relative minnows Bangladesh, thrashed 5-0 by India and then beaten at home by a Pakistan side embroiled in more controversy than usual. While never a giant of the game, New Zealand has tradi-tionally punched above its weight in one-dayers, making their shock-

ing recent form all the more sur-prising.

Squad: Daniel Vettori (captain), Hamish Bennett, James Frank-lin, Martin Guptill, Jamie How, Brendon McCullum, Nathan Mc-Cullum, Kyle Mills, Jacob Oram, Jesse Ryder, Tim Southee, Scott Styris, Ross Taylor, Kane Wil-liamson, Luke Woodcock.

WEST INDIESBest finish: Winner (1975,

1979)One-day ranking: 9Recent results: Lost away ODI

series against Sri Lanka, 2-0Star player: Chris GayleBetting odds: $21The West Indies have plenty of

talent in their squad, but like Paki-stan have struggled with off-field distractions in recent years. Dra-mas surrounding playing contracts has hurt player loyalty, with some players putting their Twenty20 franchises ahead of the team.

Squad: Darren Sammy (cap-tain), Adrian Barath, Carlton Baugh Jr., Sulieman Benn, Darren Bravo, Dwayne Bravo, Shivnarine Chanderpaul, Chris Gayle, Nikita Miller, Kieron Pollard, Ravi Ram-paul, Kemar Roach, Andre Rus-sell, Ramnaresh Sarwan, Devon Smith.

BANGLADESHBest finish: Second-round

(2007)One-day ranking: 8Recent results: Won home ODI

series against Zimbabwe, 3-1Star player: Abdur RazzakBetting odds: $51No longer the pushovers of in-

ternational cricket, Bangaldesh are coming off back-to-back one-day series wins, including a stunning 4-0 sweep of New Zealand in Oc-tober.

Since becoming a Test nation a decade ago, Bangladesh’s cricket authorities – including Australian coach Jamie Siddons – have put their faith in talented youngsters, a move that is now paying off.

Squad: Shakib Al Hasan (cap-tain), Tamim Iqbal, Imrul Kayes, Shariar Nafees, Zunaed Sid-dique, Mohammad Ashraful, Raq-ibul Hassan, Mushfiqur Rahim, Mahmudullah Riad, Abdur Raz-zak, Naeem Islam, Shafiul Islam, Suhrawardi Shuvo, Rubel Hos-sain, Nazmul Hossain.

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34 Indo American News • Friday, February 11, 2011 ONLINE EDITION: www.indoamerican-news.comh e a l t h

Insults of the Week!These insults are from an era before the English language got boiled down to 4-letter words:

WASHINGTON (Yahoo): A new study has suggested that mid-dle-aged women can reduce their risk of developing cardiovascular disease by lowering their blood pressure.

Researchers found that high sys-tolic blood pressure (the pressure when the heart contracts) is a pow-erful risk factor for cardiovascular complications in middle-aged and older women all over the world.

The proportion of potentially preventable and reversible heart disease is almost 36 percent in women compared to 24 percent in men, as measured by 24-hour sys-tolic blood pressure monitoring, said researchers.

In the study, the researchers ana-lyzed participants for absolute and relative risks of cardiovascular disease associated with systolic blood pressure.

Three major risk factors account for 85 percent of the modifiable (reversible) risk for heart disease in women and men: high systolic blood pressure, high cholesterol and smoking. High systolic pres-sure is the most important risk fac-tor.

Researchers estimated the occur-rences of cardiovascular disease in women and men that are potential-ly preventable by lowering blood

pressure. The absolute and relative risks

associated with high blood pres-sure were assessed using both ambulatory 24-hour blood pres-sure monitoring and conventional blood pressure measurements in the doctor’s office.

“It is recognized that women live longer than men, but that older women usually report lower quality of life than men. By low-ering systolic pressure by 15 mm Hg in hypertensive women, there

would be an increased benefit in quality of life by the prevention of cardiovascular disease in about 40 percent in women compared to 20 percent in men,” said Staessen.

He recommended that women and physicians become more ag-gressive in diagnosing and treating high systolic blood pressure.

The findings were reported in Hypertension: Journal of the American Heart Association.

Lowering BP in Middle-Aged Women Cuts Heart Disease Risk

WEEKLY HOROSCOPE www.GaneshaSpeaks.com

ARIES Mar 21 - Apr 20: Money matters will keep you preoccupied,

and may require more time than you really have. But si-multaneously, there are chances that you may delve into in-

trospection, and in some cases, attain realization. So while focusing on augmenting your financial assets, don’t let the spiritual aspect suffer in solitude. The realization that both are equally important will be strong. In fact, the latter may help you develop a proper perspective on material con-siderations.

TAURUS Apr 21 - May 21:Further studies, research, even a pro-

fessional training to get ahead in your fi-nancially goals will interest you greatly, You will be practi-cal in your approach

towards everything, and will realise the power and importance of com-munication this week. Your relation-ship with friends, in-laws, superiors, colleagues and subordinates will, therefore, assume significance. But keep away from unnecessary argu-ments.

GEMINI Family will be very important for you this week. You will

enjoy the time spent with your loved ones and will even take an active part in neighborhood and community affairs.

Your loving nature and care for every-one around will earn you the respect of the younger members and love of the elderly. It will also give you the upper hand in all your dealings and relationships.

CANCER Jun 22 - Jul 23: Bril-liant ideas will brew in your mind, and

planning and imple-menting these will also be on creative lines. Acquiring true knowledge by learn-ing from experience

and absorbing information on various developments will keep you ahead of others. It may not be the case always, but for this week, you can follow your instincts. Also, build contacts as they may help bag contracts; your

adventurous nature will show you a adventurous nature will show you a new direction.

LEO July 24 - Aug 23: This week will bring with it rewards for

your efforts in the last week. You will have confidence and a fresh and charis-matic image that will last through the

month. Renovation of home, office or business is likely. You will enjoy the bonhomie of family and friends. Your bond with your partner will be stronger than ever. You will experi-ence a greater comfort level with your spouse. Financially, it will be a easy and resourceful week.

VIRGO Aug 24 - Sep 23: This week is lined with professional achieve-ments and gains. There will be a rise in your income, perks and benefits. You will

attain a dazzling image both profes-sionally and socially. Yours is going to be a success story. Travel for work and pleasure is most likely. Good part is that your company may be willing to foot all your travel bills.

LIBRA Sep 24 - Oct 23: Content that your efforts at work were ap-

preciated and ad-equately rewarded, you will now look within for inner peace. Meditation, perhaps, even ac-knowledging the

existence of a supreme being will be the major highlights this week. Ex-penses, on the other hand, will mount, but you will have the mental strength to settle financial issues with ease. In fact, your material and spiritual progress will not run parallel, but will rather be linked to each other.

SCORPIO Oct 24 - Nov 22: Enough of unwinding and shirking

work, for, it’s time for labor again. A hectic phase sets in this week with a lot of activities lined up at the same time. And the most obvi-

ous fallout of this trend is increased expenses. Not that you weren’t al-ready spending way beyond your means already. You will now splurge

on fun, entertainment and, of course, on fun, entertainment and, of course, your sweetheart. You will also take a liking to community work and social service.

SAGITTARIUS Nov 23 - Dec 22: If socializing was important last week, not

much has changed even in this week. To hang out with friends still tops your priority list. But this doesn’t mean there will be all

fun and no work for you. There will be quite a bit for you to do, but almost ev-erything on the personal front. You will be busy handling a host of personal issues during this week.

CAPRICORN Dec 23 - Jan 20: Interacting with people at all levels will

be your mantra for this week. Indulging in communication activities, be it with friends, colleagues or business clients, will

be crucial to achieving your set goals. Also, strengthening ties, both personal and professional, will help you grow in more ways than you may have expected. A stronger social standing may be a result of this newly adopted affable approach.

AQUARIUS Jan 21 - Feb 19: In-teracting with people at all levels will

be your mantra for this week. Indulg-ing in communica-tion activities, be it with friends, col-leagues or business

clients, will be crucial to achieving your set goals. Also, strengthening ties, both personal and professional, will help you grow in more ways than you may have expected. A stronger social standing may be a result of this newly adopted affable approach.

PISCES Feb 20 - Mar 20: Now that you are clear about exactly what you want and where you are head-

ing, there will be no stopping you. You will shine this week. In fact, the image of those you work for will

also gain tremendously because of your newly found popularity. A few changes, most likely for the better, will be discernible in your social, professional and personal life.

Interacting with people at all levels will

“He had delusions of adequacy.” - Walter Kerr“He has all the virtues I dislike and none of the vices I admire.” - Winston Churchill

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35 Indo American News • Friday, February 11, 2011ONLINE EDITION: www.indoamerican-news.com e n t e r t a i n m e n t

11th Annual IAAC Film Festival Announces Its 2011 Festival DatesNEW YORK: The Indo-American

Arts Council (IAAC) proudly kicks off its second decade of film excel-lence with a new name and a new set of dates for its signature event of the year. The New York Indian Film Festival: 11th Annual IAAC Film Festival will take place from Wednesday, May 4 to Sunday, May 8. Formerly held every November,

the oldest and most prestigious film festival for Indian cinema in North America now moves to its new spring home on the first weekend of May. Aseem Chhabra, noted film writer and long-time IAAC Film Festival selection committee member, ush-ers in this new era as Film Festival Director.

The New York Indian Film Festival continues its tradition of launching at the world-famous Paris Theatre in Manhattan with its star-studded Opening Night red carpet premiere which will take place on May 4

followed by a gala benefit dinner at the opulent Jumeirah Essex House. Film festival screenings will take place from May 5 through May 8 at Tribeca Cinemas with the Closing Night selection to screen at Asia So-ciety followed by the annual awards ceremony and afterparty. Opening and Closing Night film selections will be announced soon. In addition,

the festival will also host an exclusive celebrity-filled celebration honoring the 150th anniversary of the birth of India’s legendary Nobel Prize-winning artist and poet Rabinranath Tagore at Asia Society on May 8.

A call for submissions has been announced by the Indo-American Arts Council with a deadline date of February 20, 2011. Filmmakers can find details on the organization’s web site: www.iaac.us.

“We start 2011 with a whole new energy for our annual IAAC Film Festival - a new name, a new Film

Festival Director and a move to Spring,” says Indo-American Arts Council Executive Director Aroon Shivdasani. “I am really excited about these changes and look forward to presenting New York with a fresh and exciting selection of films this year.” Film Festival Director Aseem Chhabra adds “I am thrilled to have been appointed as the director of the

festival - now re-named as the New York Indian Film Festival. I have been a part of the IAAC family for several years and its events have been my one-stop shop as an entertain-ment writer and a New York-based consumer of Indian arts.”

Created in 2001 in the wake of the September 11 attacks on New York City, the film festival was started to create a better understanding of the people and stories from the Indian subcontinent by bringing the most acclaimed feature films, shorts, and documentaries from that region and

its Diaspora to America’s biggest and most remarkable city. Mira Nair’s ‘Monsoon Wedding’ closed that year’s festival ahead of its worldwide theatrical release and was joined over the years by numerous films such as Deepa Mehta’s Oscar-nominated ‘Water’, Nair’s ‘The Namesake’, the Academy Award-winning ‘Born Into Brothels’ as well as the New

York Premiere of Danny Boyle’s ‘Slumdog Millionaire’ which won eight Oscars. With the help of loyal supporters such as Nair, Mehta, Sal-man Rushdie, Madhur Jaffrey, Sha-bana Azmi, Padma Lakshmi, Shashi Tharoor, the Indian Consulate, and the late Ismail Merchant, the IAAC Film Festival has been able to bring cinema from one of the world’s most vibrant film industries to audiences across New York City.

For the latest news, updates and information about The New York Indian Film Festival: 11th Annual

IAAC Film Festival, visit www.iaac.us.

About the Indo-American Arts Council:

The Indo-American Arts Council is a registered 501(c)3 not-for-profit, secular service and resource arts orga-nization charged with the mission of promoting and building the awareness, creation, production, exhibition, publi-

cation and performance of Indian and cross-cultural art forms in North Amer-ica. The IAAC supports all artistic dis-ciplines in the classical, fusion, folk and innovative forms influenced by the arts of India. We work cooperatively with colleagues around the United States to broaden our collective audiences and to create a network for shared informa-tion, resources and funding. Our focus is to work with artists and arts organi-zations in North America as well as to facilitate artists and arts organizations from India to exhibit, perform and produce their works.

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36 Indo American News • Friday, February 11, 2011 ONLINE EDITION: www.indoamerican-news.com