MUMBAI | MONDAY, 25 MARCH 2013 WORLD 7

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IN BRIEF
Putins foe Berezovsky found dead
Russian oligarch Boris Berezovsky, who helped
broker Vladimir Putin's rise to the Kremlin's top
job only to become his sworn enemy, has been
found dead at his home in Britain in unclear
circumstances. He was 67. REUTERS <
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Dell 'gets' bids from Blackstone, Icahn
Blackstone Group LP and activist investor Carl
Icahn submitted proposals to buy Dell Inc that
would rival a $24.4-billion buyout offer from
Silver Lake Management LLC and company fo-
under Michael Dell, sources said. Blackstone
outlined an offer valued at $13.65 to $14.50 a
share, a source said. Icahn said hed pay $15 a
share, with a cap on the amount of cash used
in the deal, another source said. BLOOMBERG <
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'IMF draft cuts 2013 US growth forecast'
The International Monetary Fund (IMF) is pl-
anning to cut its US growth forecast for this
year due to higher taxes and spending cuts,
Italian news agency ANSA said, citing a draft
of the IMF's next World Economic Outlook re-
port. The US economy, the world's biggest,
will expand 1.7 per cent this year, down from
the 2.0 per cent predicted in January. REUTERS <
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Deutsche Bankbraces for Iran fine
Deutsche Bank is bracing for more than
^300 million ($390 million) in charges
linked to suspected violations of US
sanctions on Iran, German weekly
magazine Der Spiegel reported on Sunday
without specifying its source. REUTERS<
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Swiss deny banking deal with US
The Swiss government on Sunday denied
weekly newspaper Neue Zuercher Zeitung am
Sonntags report that the country had reached a
deal in principle with the US over undeclared
funds hidden by wealthy Americans in Swiss
offshore bank accounts. REUTERS <
Chinas strategic handshake with Russia
JYOTI MALHOTRA
New Delhi, 24 March
Last week, at the Moscow State
Institute for International
Relations, perhaps Russias
most prestigious and influen-
tial foreign policy breeding
ground, Chinese President Xi
Jinping spoke to his audience
inwordsthat revealedasmuch
as they hid.
We are living through an
eraof fluxandchange,Xi said,
and without mentioning the
US by name, adding, No
country or bloc of countries
can again single-handedly
dominate world affairs.
Xis visit toMoscow, his first
abroadasPresident, waslargely
ignored in India, not only
because of the theatrics sur-
rounding the DMKs pullout
fromthe UPAcoalitionandthe
subsequent vote against Sri
Lankaat theUNHumanRights
Council in Geneva but also
because of the abiding media
obsessionoverthereturnof for-
mer dictator Pervez Musharraf
toPakistanonSunday.
SouthAsias soundandfury
was matched by the controlled
pomp with which the Russia
receivedtheChinese, theworlds
foremost economic power. Xi
was reaching out to Russian
President Vladimir Putin who
hasbeeninthecrosshairsof the
Western world for some time.
Both leaders realise they need
to find common ground more
than ever, even as they prom-
ised not to interfere in the
humanrights conditions of the
other nation.
From Russia, Xi will travel
toTanzania, theCongoandSo-
uth Africa, where he will also
attendthe Brazil-Russia-India-
China-South Africa or BRICS
summit.
The China-Russia
traderelationshipisat
a paltry $80 billion
compared to the
approximately $500
bn figure between
China and the US
(India-China is cur-
rently at $72 bn, having
slipped a bit after the export of
iron ore to China was banned)
and both sides signed some 35
agreements to promote both
missile defence and greater
cooperationinenergyissues.
Inparticular,theChineseside
agreed to give a $2 bn loan to
Russian energy major Rosneft
for 25 years, which Russia will
repay in oil. Xi made no bones
about Chinas mainline interest
inRussiasnaturalresources. Oil
and gas pipelines have become
the veins connecting the two
countries in a newcentury, he
said, indicating the Chinese are
hoping to repeat the model in
RussiasFarEastthattheyunder-
took in Central Asia and
Myanmar five years ago, when
they built pipelines to carry oil
andgastoChineseterminals(the
pipeline from Myanmars
ArakancoasttoYunanprovince
in China will be ready in May).
In contrast, India has been
unable to address the concerns
of Russias biggest pri-
vate investor, telecom
giant Sistema, caught
in the imbroglio
around the telecom
spectrumaffair. There
is nowtalk of Sistema,
largelyownedbyRuss-
ian oligarch Vladimir
Yevtushenkovandaclosefriend
of Putin himself, pulling out of
India.
WithIndia-Russiatradestill
hovering around the $10 bn
barrier, Delhisinabilitytoshow
its hand in favour of an old
friend could damage the bilat-
eral relationship. Publicly, the
Russians arent likely to criti-
cisebilateral ties but likesever-
al other international powers,
they are beginning to see the
limits of Indias vision of itself
as a serious partner.
Each week that hits a new
political low in India, the new-
ly installed Chinese leadership
looks better and better. Xi has
explicitly spoken of the tough
line the new China, under
him, will take against corrup-
tion, thereby taking cogni-
sance of a rising peoples anger
against it.
Last month, Chinas State
Council under the newleader-
ship unveiled an ambitious
plan, as part of Xi Jinpings slo-
gan of the great revival of the
Chinese nation, to address
income inequality. Simult-
aneously, China will make
strides towards enhancing
pension and health care.
In contrast, the Indian
governments attempts to
expand economic reform
its most ambitious measures
being to put a two per cent
corporate social responsibil-
ity surcharge on private com-
panies and a 10 per cent sur-
charge on the super-rich
lack both internal coherence
and political will.
For full report, visit
www.business-standard.com
Both home and abroad, Beijings vision and energy contrasts favourably with Delhis
ELSEWHERE
Cyprus faces final
chance to save
slipping economy
REUTERS
Nicosia, 24 March
Cypriot President Nicos Anastasiades,
seeking a last-minute reprieve from
financial meltdownat talks inBrussels
on Sunday, has a very difficult task
aheadof himif heis tosavetheisland's
economy, a government spokesman
said.
WithCyprusfacingaMondaydead-
line to avert a collapse of its banking
system and potential exit from the
euro, late night talks in Nicosia to seal
a bailout from the EU and
International Monetary Fund broke
up without result.
Anastasiades then headed to
Brussels in a private jet sent by the
European Commission to hold talks
with EU, European Central Bank and
IMF leaders ahead of a crunch meet-
ing of Euro zone finance ministers
at 6 pm.
The President and his team have a
very difficult task to accomplish to
save the Cypriot economy and avert a
disorderly default if there is no final
agreement on a loan accord, the
spokesman said.
Underlining the gravity of Cyprus'
position, the EU's economic affairs
chief Olli Rehn said there were now
only hard choices left for the latest
casualty of the Euro zone crisis.
Finance Minister Pierre Moscovici
put it more bluntly: To all those who
say that we are strangling an entire
people ... Cyprus is a casino economy
that was on the brink of bankruptcy,
he told Canal Plus television.
After negotiations ended in the
early hours of Sunday morning in
Nicosia, the government issuing a
statement saying talks were at a very
delicate phase and deadlines were
very tight.
The government's tone jarred with
earlier expressions of cautious opti-
mism during days of intense negotia-
tions betweenCypriot leaders andoffi-
cials from the island's troika of
international lenders, the EU, IMF and
European Central Bank.
Cyprus' overgrown banking sector
hasbeencrippledbyexposuretocrisis-
hit Greece, and the EU says the east
Mediterranean island must raise ^5.8
billion on its own before it can receive
a ^10-billion bailout.
Bankemployees listentotheir union
leader duringaprotest outside
Parliament, inNicosiaonSaturday
PHOTO: REUTERS
PRESS TRUST OF INDIA
Karachi, 24 March
FormerPresident of Pakistan,
PervezMusharraf, todayend-
ed nearly four years of self-
exile defying threats of arrest
andassassinationbyTaliban,
sayingthat hereturnedhome
to save Pakistanand would
face all challenges that lay
ahead.
Musharraf, 69, along with
a delegation of around 150
people, includingsupporters
fromhis All PakistanMuslim
Leagueandjournalists, land-
ed at Jinnah International
Airport here by a chartered
Emirates flight from Dubai.
Talking to reporters
accompanying him from
Dubai to Karachi, a smiling
Musharraf said: It is (a) very
emotional (moment). I'm
going back after four years.
There are a lot of chal-
lenges. There are security
challenges, legal challenges,
political challenges. But I will
face those, Musharraf clad
in an off white Pathan suit
said as he made his way out
of the aircraft.
Where are the people
who said I will never return
home? I have been receiving
death threats and some peo-
ple have been trying to scare
me but I have returned
home for the sake of my
country and people, an
emotional Musharraf told
his supporters.
The former commando-
turned-politician said he
would soon be launching a
countrywide campaign of
public rallies and media
interaction.
Formerjudgeisinterim
Premier
Pakistans Election
Commissionappointedafor-
mer judge, Mir Hazar Khan
Khoso, to head a caretaker
government before May gen-
eral elections, after leading
political partiesfailedtoagree
onacandidate. Khoso, 83, will
taketheoathasinterimPrime
Minister as early as today to
oversee the transition, which
follows the March 16 dissolu-
tion of the 342-member
National Assemblyat theend
of its fiveyears.
Musharraf
returns for
polls, vows to
save Pakistan
POWER GRID CORPORATION OF INDIALIMITED
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Notice Inviting Tender Ref. No: WR-I/C&M/2013/NIT-05
POWERGRID invites bids from eligible bidders for following package:
Pkg.
No. Name of the work
Estimated Cost /
Completion period/
Tender Documents
Cost / EMD
Bid Receipt
Time & Date
Bid Opening
Date & Time
A `.56.25 Lakh/ 08
(Eight) months/
` 2,500/-
`. 1,13,000/-
Upto
18.04.2013
at 15.00 Hrs.
At 15.30 hrs
on
18.04.2013
Chief Manager (C&M)
For detailed NIT and Bid Documents please visit www.powergridindia.com or contact Chief Manager (C & M),
POWERGRID for Packages at the address given above or on Telephone No. : 0712-2641478/79; Fax :
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with demand draft of requisite value for issuance of bid documents at POWERGRID Office Nagpur or at any
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Sale period of Tender Documents From 25.03.2013 to 15.04.2013 (During Office Hours on Working days): Cost
of Tender Documents shall be paid through Demand Draft in favour of Power Grid Corporation of India Ltd Payable
at Nagpur.
Renovation of Hutatma Smruti
Mandir, Solapur Municipal
Corporation (SMC), under
Corporate Social Responsibility
(CSR) at Solapur (Maharashtra)
(I) Civil Works
(ii) Landscaping works
(iii) Acoustic & Interior
Rectification works
POWERGRID D li i S t T i i S l ti
1. The Chief Executve Ofcer, TNIDB, proposes to appoint a Consultancy
frm for providing full tme sectoral experts for assistng TNIDB.
The consultants should have a proven record of having done similar
assignments.
2. In this regard, the CEO, TNIDB, invites proposals for above mentoned
assignment.
3. The assignment is open to all eligible consultng frms. Request For
Proposals (RFP) may be downloaded and used free of cost from
the websites viz. www.tenders.gov.in www.tenders.tn.gov.in and
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TNUIFSL ofce to clarify queries if any as stated in the RFP.
6. Other details are available in the RFP
GOVERNMENT OF TAMIL NADU
TAMIL NADU INFRASTRUCTURE
DEVELOPMENT BOARD (TNIDB)
Date : 22.03.2013
RFP NO:TNIDB/Con/01/13
Chief Executve Ofcer
Tamil Nadu Infrastructure Development Board
INVITATION FOR PROPOSALS (IFP)
DIPR/1723/TENDER/2013
TENDER NOTICE
NIT No. 1310/PR/JSEB/12-13
Sealed quotation under two Bid system are invited for secured
obtimised intelligent & automatic domain based navigation service
for Jharkhand State Electricity Board (JSEB), Ranchi.
A complete set of tender document may be purchased by
eligible bidder upon payment of Non refundable fee of `5,000/-
(Rupees Five Thousand) only by Demand Draft in favour of
DDA(Sectt.), JSEB and Payable at Ranchi.
1. Last date of submission tender- 17.04.2013 upto 02.30 PM
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3. Tender documents with details terms & conditions can be
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and can also be downloaded from our website www.jseb.in
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JHARKHAND STATE ELECTRICITY BOARD
ENGINEERING BUILDING HEC, DHURWA, RANCHI-04
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cum-Head I.T.
Bd. Hqrs. Ranchi
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