Crédit Agricole could cut 1,400 jobs: report

PARIS: French bank Credit Agricole could cut another 1,400 jobs in 2013 at its regional branches, the daily Les Echos said Monday, but unions said no figures had yet been decided.

Citing an internal document, the business daily said that Credit Agricole's regional branches expected only half of departing employees would be replaced in 2013, leading to a staff cut of 1,418 posts.

The bank declined to comment when contacted by AFP.

A union representative confirmed the figures to AFP, but said they were based on projections made in November and were likely to change.

Last week Credit Agricole posted a record 6.5 billion euro ($8.6 billion) loss for 2012, and said it would be launching a three-year strategic plan aimed at saving 650 million euros.

The bank, which shed 2,300 jobs last year, did not say how many jobs would go under the new cost-savings initiative.

The head of human resources for Credit Agricole's regional branches, Camille Beraud, told Les Echos that was as yet no job cuts strategy for the entire bank group.

-AFP/ac

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Hyderabad blasts: NIA's claim baseless, alleges Bukhari

RAMPUR: Delhi's Jama Masjid chief cleric Syed Ahmed Bukhari has said investigation agencies have the tendency to name perpetrators of any bomb blasts in the country much before initiation and conclusion of their probes.

Referring to the recent Hyderabad blasts, Bukhari said the National Investigation Agency's claim that the evidence pointed towards involvement of the Indian Mujahideen in the bombings was baseless.

"If the investigators have pointed fingers towards the Indian Mujahideen, then let them declare the location of its office and disclose identities of its activists," said the cleric while interacting with media persons here last evening. Official statements are not supported with evidence, the Shahi Imam of Delhi's Jama Masjid said.

"The government machinery had arrested innocent Muslims after Malegaon, Mecca Masjid and Samjhauta Express blasts," he said. Sixteen people were killed and over 100 injured when two bombs placed on bicycles went off within minutes of each other at Dilsukhnagar area in Hyderabad on February 21.

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Football: Man City leave Chelsea trailing, Newcastle edge Saints

LONDON: Manchester City galvanised their grip on second place in the Premier League and trimmed Manchester United's lead back to 12 points with a 2-0 victory at home to nearest rivals Chelsea on Sunday.

After Chelsea's Frank Lampard had seen a penalty saved by England colleague Joe Hart, City prevailed through a pair of fine second-half goals from man-of-the-match Yaya Toure and substitute Carlos Tevez.

Although City's chances of retaining their league title remain decidedly slender, they now have a seven-point advantage over Chelsea, who could slip to fourth if Tottenham Hotspur overcome West Ham United on Monday.

Both City manager Roberto Mancini and his Chelsea counterpart Rafael Benitez flooded their sides with midfielders at the Etihad Stadium, while Benitez opted to leave John Terry and Fernando Torres on the bench.

City deployed Sergio Aguero as a lone striker and although he had to plough a lone furrow, it was the hosts who dominated the first half.

Visiting goalkeeper Petr Cech had to tip a header from Matija Nastasic over the bar, while Gary Cahill did well to block a goal-bound volley from Pablo Zabaleta.

City handed a rare start to Jack Rodwell and the midfielder threatened twice shortly before half-time, extending Cech with first a 25-yard drive and then a header from the resulting corner.

Chelsea were gifted an opportunity to open the scoring early in the second half when Hart was adjudged to have fouled Demba Ba, but the England goalkeeper redeemed himself with an excellent save from Lampard's spot-kick.

Aguero dinked a shot onto the roof of the net before City's enterprise finally told in the 63rd minute.

Toure collected a pass from David Silva and deftly evaded the attentions of four visiting defenders before shaping a shot around Cech that nestled in the bottom-right corner.

Tevez settled the encounter in style in the 85th minute, collecting the ball 22 yards from goal and arrowing a shot into the top-left corner.

In the day's other game, Newcastle edged relegation rivals Southampton 4-2 in a topsy-turvy game at St James' Park that took Alan Pardew's side six points clear of the bottom three.

In honour of their growing French contingent, Newcastle had dubbed the day 'French Day', handing out berets to their supporters and playing the French national anthem prior to kick-off.

However, it was a Frenchman in a red shirt who broke the deadlock, as midfielder Morgan Schneiderlin converted a Rickie Lambert knockdown to give Southampton a third-minute lead.

Newcastle's reaction was swift and in the 32nd minute they went ahead thanks to two French players of their own.

Yoan Gouffran forced a save from Artur Boruc after darting into the box from the left and when the ball ran across goal, Moussa Sissoko sped in to touch it over the line.

The hosts' momentum did not abate and in the 42nd minute they went ahead with a stunning goal, as Papiss Cisse cracked home a looping half-volley from 25 yards.

Newcastle lost captain Fabricio Coloccini to injury just before half-time and saw Southampton equalise five minutes into the second half when Lambert swept home a low cross from Adam Lallana.

However, Newcastle hit back once again and took the lead for the second time in the game when Yohan Cabaye converted a 67th-minute penalty awarded for a handball by Danny Fox.

The suspense in a stretched game finally dissipated in the 79th minute, when an own goal by Jos Hooiveld put Newcastle 4-2 ahead and confirmed the hosts' success.

- AFP/fa

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No permission for Ramdev's rally in Himachal Pradesh

SHIMLA: The plan of Yoga teacher Ramdev to hold a rally in Solan district today received a setback after district administration refused to give permission for the February 27 meeting.

"We had changed the venue from Sadhupul to Solan and assured that the rally would be completely peaceful, but surprisingly, the MC Solan has declined to give permission for holding the rally at Thodo ground on February 27 as scheduled," Laxmi Dutt Sharma, state in-charge of Patanjali Yogpeeth said.

Even a private body which had committed to give its hall also backed out.

Sharma alleged that it was "obviously due the pressure from the state government that the hall owner backed out from his promise."

Solan MC turned down our request for Thodo ground and today Murari market management committee also said no to the trust after having agreed to facilitate the function at its hall and now we may have to hold the meeting at Sanatan Dharamsabha hall at Solan, he said.

He said it is astonishing that the government has turned so hostile towards us and inspite of the fact that as per the statement of chief secretary that there was no official ban on the entry of Ramdev, the administration was bent on creating conditions wherein no place would be available for holding the rally not even "indoor meeting", the in-charge said.

Meanwhile, chief minister Virbhadra Singh, before leaving for Delhi said, "Ramdev is welcome to Himachal Pradesh and government treats him as a respected yoga guru but now the land given to him has been taken over by the government after the cabinet cancelled the lease, Ramdev or his men would not be allowed to create any law and order situation.

Singh said that the government has given orders to the local administration to maintain law and order and not interfere with function of yoga guru.

On February 22, the Himachal authorities, in a swift but peaceful move, had taken over the land given to Ramdev's trust Patanjali Yogpeeth by the previous BJP regime, three days after the state government decided to cancel its lease.

BJP had yesterday said that the party will support any stir by the yoga teacher against the cancellation of the land lease.

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NASCAR: Daytona Race to Go On After Crash

Every seat will be filled at Daytona International Speedway today after a team worked overnight to repair a fence that was breached in a horrific crash that injured at least 28 spectators in the grandstands.

Joie Chitwood III, president of Daytona International Speedway, said his team met with NASCAR officials at 8 a.m. EST today to review the repairs, hours before 147,000 fans will fill the grandstand seats to watch the Daytona 500 race.

If fans are uneasy about their seating location today, Chitwood said his team would make "every accommodation we can" to move them.

PHOTOS: Crash at Daytona Sends Wreckage Into Stands

The track became a disaster scene on Saturday when 12 cars became tangled in a fiery crash during the final lap of the Nationwide race.

Pieces of rookie Kyle Larson's shredded race car turned into shrapnel that flew into the stands, injuring at least 28 people.

Chris Graythen/Getty Images

RELATED: Fiery Daytona Crash Injures Fans

At least 14 of the injured were transported to hospitals and more than a dozen others were treated at the speedway, Chitwood said.

"I do know that we transported individuals from lower level and upper level [of the grandstands]," he said.

Terry Huckabee, who was sitting in the grandstands with his brother, compared the scene to a "war zone."

"I mean, tire flying by and smoke and everything else," he said.

Huckabee said his brother is recovering in the hospital after his leg was sliced open by the spray of debris.

The crash was apparently triggered when driver Regan Smith's car, which was being tailed by Brad Keselowski on his back bumper, spun to the right and shot up the track.

Smith had been in the lead and said after the crash he had been trying to throw a "block."

Larson's car slammed into the wall that separates the track from the grandstands, causing his No. 32 car to go airborne and erupt in flames.

When a haze of smoke cleared and Larson's car came to a stop, he jumped out uninjured.

His engine and one of his wheels were sitting in a walkway of the grandstand.

"I was getting pushed from behind," Larson told ESPN. "Before I could react, it was too late."

Tony Stewart pulled out the win, but in victory lane, what would have been a celebratory mood was tempered by concern for the injured fans.

"We've always known this is a dangerous sport," Stewart said. "But it's hard when the fans get caught up in it."

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Football: Berbatov's magic moment sinks Stoke

LONDON: Fulham forward Dimitar Berbatov produced a moment of magic to end his side's poor run with a 1-0 win over Stoke at Craven Cottage on Saturday.

Berbatov marked his 200th Premier League appearance with his 85th goal in the English top-flight and it was one of the former Manchester United star's best as he netted a superb volley just before half-time.

Martin Jol's team still needed a second half penalty save from Mark Schwarzer, who kept out Jon Walters' effort, to clinch just their fourth win in 19 Premier League games.

Berbatov and Schwarzer's heroics lifted Fulham to 11th, nine points clear of the relegation zone, and continued the away-day misery for Stoke, who have won just one in their last 23 leagues games on their travels.

Fulham's first sight of goal fell to Berbatov after Sascha Riether's cross picked out the Bulgarian forward for a close-range volley that looped just over.

Bryan Ruiz had the ball in the net moments later but Fulham's celebrations were cut short as referee Lee Probert correctly ruled that the Costa Rican forward had used his hand to score.

Steven Nzonzi needed treatment after a collision with Berbatov left the Stoke midfielder with blood dripping from the bridge of his nose.

Nzonzi still seemed miffed following that incident and he was fortunate to escape with a booking after cuffing Ruiz around the head in an off-the-ball incident.

A ferocious free-kick from Fulham's Greek midfielder Giorgos Karagounis brought the best save of the half from Asmir Begovic.

Stoke sent on American midfielder Brek Shea for his debut when Matthew Etherington hobbled off with a back injury.

Jol's team pushed on and finally broke the deadlock in first half stoppage-time when a cross was only half cleared to Berbatov, who showed superb technique to lash a brilliant volley into the top corner of Begovic's goal.

Fulham defender Philippe Senderos almost gifted Stoke an equaliser immediately after the interval when his attempt to shepherd the ball back to Schwarzer allowed Peter Crouch to nip ahead of him and flick a shot that the Australian saved well.

Schwarzer came to Fulham's rescue again in the 54th minute after Dejagah conceded a penalty when he blocked Shea's cross with his raised arms.

Walters stepped up to take the spot-kick, but the Stoke striker has a poor record with penalties this season and his luck was out again as Schwarzer dived to his right to save.

- AFP/fa

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Photography at bathing ghats banned at Kumbh

ALLAHABAD: The Kumbh Mela administration on Saturday banned photography at all bathing ghats at the religious congregation, officials said.

Vide a letter ST/SSP/C-14/2013 dated February 21, the senior superintendent of police (Kumbh) has directed all policemen and other security personnel on duty in the mela premises to ensure that no one was allowed to click pictures at bathing ghats.

Throwing the ghats off bounds for shutterbugs and photo journalists who have converged from all over the world and also the common man, the administration cited the clause 18 of the Sanyukt Mela Prant Adhiniyam, 1940 and has said that the high court had also issued directives on banning photography there.

Boards have also been put up at the bathing ghats informing everyone of the ban on photography, said a senior official. The additional mela adhikari of Kumbh told IANS that the ban includes photo journalists, media persons and also electronic media journalists who will now not be allowed to film the bathing.

The media centre officials were tight-lipped about the fate of the hundreds of passes it had issued to photo and video journalists to cover the mega event.

Allahabad divisional commissioner Devesh Chaturvedi, the senior most official overseeing the Kumbh, confirmed to IANS that the mela administration had indeed banned photography at bathing ghats.

"This has been done primarily to ensure that the directives of the high court are met with and also to stop unnecessary problems," he said, adding that the passes issued to photo journalists would only allow them to click "general pictures".

The order is likely to disappoint the camera fraternity into despair as hundreds of photographers are camping at the Kumbh to capture the momentous bathing scenes.

"I find this surprising as in the past month or so since the Kumbh started in January, it has been largely a media event where photographers were all around," said Sandeep Malkania, a New Delhi-based freelance photo journalist.

Many officials attributed the decision to the recent stampede at the Allahabad railway station that left 37 dead and the subsequent negative media coverage of the arrangements at the Kumbh following incessant rains. A French journalist was also detained for flying very low on a chopper to click some close shots of the bathing on Mauni Amavasya.

Police officials conceded in private that the decision was taken "majorly because of security concerns specially after the Mauni Amavasya stampede and the Hyderabad serial blasts".

"The clauses being invoked now and the court directives cited now have always been there but they are being enforced strictly now to avoid any major embarrassment at this juncture of the Kumbh when just a fortnight is left for its conclusion," said a senior police officer.

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Pistorius Family: 'Law Must Run Its Course'

South African Olympian Oscar Pistorius is spending time his family today after the athlete was freed on $113,000 bail Friday.

"We realise that the law must run its course, and we would not have it any other way," the Olympian's uncle, Arnold Pistorius said in a statement on Saturday.

The Pistorius family expressed their gratitude that the former Olympian was allowed out of jail before the trial.

"This constitutes a moment of relief under these otherwise very grave circumstances" said Arnold Pistorius."We are extremely thankful that Oscar is now home."

Pistorius, 26, is charged with premeditated murder in the Valentine's Day shooting of his girlfriend Reeva Steenkamp.

While the prosecution argued that the world-renowned athlete was a flight risk and had a history of violence, South African Magistrate Desmond Nair, who presided over the case, disagreed.

FULL COVERAGE: Oscar Pistorius

"He regards South Africa as his permanent place of abode, he has no intention to relocate to any other country" Nair said during his two hour ruling, before concluding with, "the accused has made the case to be released on bail."

'Blade Runner' Murder Charges: Oscar Pistorius Out on Bail Watch Video

Oscar Pistorius Granted Bail in Murder Case Watch Video

Pistoriuis will have to adhere to strict conditions to stay out of jail before the trial. He must give up all his guns, he cannot drink alcohol or return to the home where the shooting occurred, and he must check in with a police department twice a week.

Oscar Pistorius is believed to be staying at an uncle's house as he awaits trial.

RELATED: Oscar Pistorius Case: Key Elements to the Murder Investigation

During the hearing, the prosecution argued that Pistorius shot Steenkamp after an argument, while the defense laid out an alternate version of events saying Pistorius mistook his girlfriend for an intruder.

Nair took issue with the head detective originally in charge of the case, who he said "blundered" in gathering evidence and was removed from the case after it was revealed he is facing attempted murder charges.

RELATED: Oscar Pistorius Case: Lead Det. Hilton Botha to Be Booted From Investigation Team

After the magistrate's decision, cheers erupted in the courtroom from the Pistorius camp. Pistorius' trial is expected to start in six to eight months, with his next pre-trial court date in June.

Reeva Steenkamp Family Reaction

Steenkamp's father, Barry Steenkamp told the South African Beeld newspaper that the 26-year-old athlete will "suffer" if he is lying about accidentally shooting 29-year-old model.

PHOTOS: Oscar Pistorius Charged with Murder

Barry Steenkamp went on to say that the Pistorius will have to "live with his conscience" if he intentionally shot Reeva.

The Associated Press contributed to this report.

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Jailed Tymoshenko fit to leave hospital: ministry

KIEV: Ukraine's jailed former prime minister Yulia Tymoshenko is now fit to leave the civilian hospital where she has spent the last nine months with back problems, the health ministry said Friday, paving the way for her return to prison.

A medical commission "has concluded that the patient Y. Tymoshenko no longer needs further treatment or rehabilitation in hospital," the ministry said in a statement.

Tymoshenko, 52, has been in prison since August 2011 but was moved in May last year from her Kharkiv prison to hospital because she was in acute pain from a herniated disc.

The charismatic figurehead of the 2004 Orange Revolution was convicted of abuse of power and jailed for seven years in 2011 after losing a 2010 presidential race to Viktor Yanukovych.

She is currently on trial on separate charges of fraud and tax evasion and was also charged in January with ordering the 1996 gangland-style shooting of a lawmaker.

Her imprisonment has provoked a serious rift between Ukraine and the European Union, which has called the charges against her politically motivated.

- AFP/jc

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We are attacking problems across value chain of power sector: Scindia

The responsibility of lighting up the country today rests on the young shoulders of Jyotiraditya Scindia. Just three months into his new job, the power minister has set an electric pace to energise the sector. He shares his vision with ToI in a freewheeling interview with Sanjay Dutta:

About 24,000 mw gas-fired generation capacity is idling due to domestic gas shortage. This is threatening to turn more than Rs 1 lakh crore investment sour. What is the mechanism proposed by your ministry to make imported liquid gas-fired power affordable?

The problem is a little more complicated than you described. Gas plants today are running at 40% PLF (plant load factor or capacity). Almost a Gig (giga watt) capacity is completely stranded, not even idling. How do you resolve the situation?

I am 100 days into my job. What I am trying to do is resolve issues across the whole value chain of the power sector. That's generation, transmission, distribution and last mile. What we are trying to do is deal with issues in each and every bucket: We have dealt with FSAs (fuel supply agreement) of coal; dealt with issues with regard to NTPC -- that's reallocation of coal blocks; allocation of new coal blocks for 8,460 mw, or 42 mtpa (million tonne per annum), which would be done in this auction; whether it was the public issue of $2.3 billion; we've got approval for 2,600 mw for hydro projects from environment and forest clearance.

On the transmission side, we are trying to give independence and full autonomy to POSOCO (grid operator); we're looking at the clauses in the Electricity Act that need amendment to ensure that the incident (grid collapse) that happened last July does not happen again.

On the distribution side, we are trying to look at the FRC, where eight states have come on board, we have full commitment of those states. The only thing I need to get done is confirmation of the transitional financing mechanism from the ministry of finance. The moment we do that, close to Rs 1.2 lakh crore short-term liabilities will be rescheduled... 50% from the banks and 50% from the state governments.

I am also trying to bring out the creditory (rating) system for discoms where we will do the first half and a full year to show transparency and accountability to the lenders. It is also important that you don't have solution for all the power sector issues and you must involve all stakeholders.

In the last 100 days I have tried to do that and trying to fix mechanisms for the same. For the first time, in three months I've had three meetings with the Parliamentary Consultative Committee on power. I have set up an advisory group of bankers on Februray 5, I have also met the CERC and regulators to make sure that there is clear signal on the regulatory side, I will hold annual and semi-annual meetings with them..so that we have the message very clear and have annual meetings with them, I have also put together an advisory group which met on Februrary 19, which encompasses all the stakeholders in the power sector -- ex secretaries of coal, power and environment sector, renewable energy side, financing, institutional authorities.

What I am doing with them is attacking problems. Gas is an issue, availability is not there and the only solution that I can come up is to use imported RLNG, which you get for Rs 8 or Rs 9, as a substitute to diesel gensets which is costing the industry close to Rs 20 crore. I have put this up as an item to discuss with the advisory group.

Our next meeting is very much on SBD-2 which is on March 6 and I have already circulated the papers and have the sitting with them. And I am trying to get my hands on each part of the problem. If you ask me very candidly, I don't have a solution today...

The standard bid document for case-2 projects wherein state government gives land etc proposed by your ministry has universally been rejected by all promoters and nobody is happy with it. Why are you sticking with it?

There is lot of noise about SBD. You have to come out with a regime that makes sense for bankers, investors and it makes sense for all stakeholders, including state governments. SBD Case 2 is a very different product to SBD Case 1, where the state govt will give you land and a linkage, you are a developer, your return is based on the efficiency of your enterprise...we have put together parameters which are as transparent and accountable as possible...there is great deal of noise about is because all the facts and clauses are not known . I am taking this to EGoM as you know, based on the advisory group. I have told the stakeholders we are on the same side of the table... I will first meet with you, discuss it and will only then take it to EGoM, which is why we are meeting within two weeks we are having the second meeting with the advisory groups on the March 6.

Promoters are facing problems due to fluctuation in the rupee's exchange rate. Have you thought about any step to mitigate the problem?

As I said, I am right now concentrating on four things -- generation, transmission, distribution, last mile. Hedging in terms of foreign currency exposure is something, to be very honest with you, to which I have not applied my mind yet. I am not very clear, but not sure whether it really falls into my domain as power minister.

Projects using imported coal have been hit by a double whammy - rise in cost of imports and notices for paying Customs duty, even though the 2012 Budget had assured of an exemption?

I am discussing it with the FM. It's not a Budget item, it's off-Budget. We just need a clarification. The issue is of steamed coal Vs indigenous coal. I am aware of that. I am coming up the learning curve as soon as possible.

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