Dadasaheb Phalke award 2012

Legendary actor Pran Krishan Sikand will receive the 2012 Dadasaheb Phalke Award for his contribution to cinema. Well known by his screen name Pran, he received the Padma Bhushan in 2001. One of the most respected actors in Bollywood, Pran established himself as a legendary villain in the course of an acting career that spanned over 50 years and is made up of more than 400 films.

Of his own films, Pran’s personal favourites include Halaku, Madhumati, Jis Desh Mein Ganga Behti Hain, and Zanjeer. He retired from acting in the 1990s.

Syed Mushtaq Ali T20 Trophy

Gujarat today clinched the Syed Mushtaq Ali Twenty20 Championship beating Punjab in the finals. 

Electing to bat, Punjab suffered a top-order collapse to be reduced to 20 for four in the sixth over before they recovered a bit to score 122 for eight in their allotted 20 overs at the Holkar Stadium.

Gujarat chased down the target with 13 balls to spare.
The Syed Mushtaq Ali Trophy is a Twenty20 cricket domestic championship in India, organized by Board of Control for Cricket in India, among the teams from Ranji Trophy. The 2008-09 season was the inaugural season for this trophy. It is named after a famous Indian cricketer, Syed Mushtaq Ali.

Q3 current account deficit at alarming levels...

India’s current account deficit (CAD) widened from 5.4 per cent in the July-September quarter to a record high of 6.7 per cent of GDP in the October-December quarter, driven mainly by huge trade deficit, said a release by the Reserve Bank of India.

A surge in capital flows helped finance the current account deficit.

"The pickup in capital flows was mainly due to foreign portfolio investment which rose to USD 8.6 billion during Q3 of 2012-13 from USD 1.8 billion in Q3 of previous year. While loans availed by banks and corporate sector amounted to USD 7.1 billion, net Foreign Direct Investment (FDI) declined to USD 2.5 billion in Q3 of 2012-13 from USD 5 billion in the corresponding quarter of 2011-12," the RBI release said.

Exports growth during the third quarter was muted as compared with a 7.6 per cent growth in Q3 of 2011-12, the RBI release said.

Imports, however grew 9.4 per cent, spurred largely by oil and gold imports.This has resulted in the trade deficit widening to USD 59.6 billion in Q3, compared to USD 48.6 billion during the corresponding period of the previous year.