But Pawar has dismissed such allegations and claimed that by launching the URL shortener, he has tried to silence his critics who wondered how his assets could be only 12 crore rupees, as was declared by him earlier today.

Mr. Pawar has claimed that just as a URL shortener ‘compresses’ the characters in the original URL but doesn’t “misrepresent the facts”, his declared assets were also just a compression of his real assets and didn’t amount to any misrepresentation.

The ICC President also claimed that his URL shortener will soon leave behind popular services such as bit.ly or Google’s goo.gl

(if you can’t see the image of paw.ar above, click here)

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Take a look at yourself; Vladimir Putin (left) and Nasser Hussain (right):

and finally…

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All the best!

Many of you might have seen the notification for CAT 2011 in newspapers last week. The registration for the entrance exams to secure admission in the IIMs and other top b-schools of India begins next Wednesday. Tests start on 22^nd October and there is not much time left, but don’t panic, Faking News is here to help you understand some of the basic concepts you need to crack CAT.

CAT tests you on Quantitative and Verbal abilities, for which you need to have some basic but sound knowledge of Mathematics and English language.

Also, since you would be studying business management, a little idea about often repeated economic and financial terms will prove to be helpful.

For example, if you wonder what is “inventory” or “WIP (work in progress)”, take a look at the following self-explanatory diagram:

Inventory management and WIP (Work in Progress)

That was inventory management by the CBI working under Supreme Court directives.

Another economic term that you might have heard is “depreciation” or “amortization”. That’s also not too difficult to understand:

Depreciation - the opposite of appreciation

But business is not about depreciation, it’s also about growth and returns on your investment i.e. RoI. Not sure how “RoI” is calculated? It’s a simple ratio actually:

RoI doesn't mean "Rakhi on Imagine" but "Return on Investment"

One of the often used tools by managers, apart from Excel sheet and PowerPoint presentations, are “Venn Diagrams”. These diagrams could also come in the CAT paper in aimed at testing your Data Interpretation skills. But trust us, Venn Diagrams are not so tough to understand:

Not to be confused with "vein" that contains blood samples

And yeah, CAT is not all about Mathematics and business glossary, you also need to have a good grasp over English language. Not only you should be able to read the lines in English, but you should also be able to read between the lines to prove your Reading Comprehension skills. Let’s see if you can get the right option below:

The RC questions in CAT are the trickiest

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Betaal and Christina Aguilera

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English cricketer Chris Tremlett and Hulk

Andy Caddick, Ajit Agarkar, and Yoda

Rakhi Sawant, Ari, and Chucky

Shibu Soren and Snoop Dogg

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1. Bollywood legalizes plagiarism

In 2011, Bollywood is set to “unofficially” legalize plagiarism. Sharing is caring, they say. Leading this revolution is music composer Pritam, who intends to start a website that will …hold your breath… at the click of a mouse convert any song to Pritam’s version. Technology does make life easier for Pritam at least. Faking News caught up with Pritam to find out more and he did share with us the ‘first look’ of his website:

The name and look of the website is a little inspired from different sources

2. Kingfisher to launch calendar featuring “men”

December is the time when Vijay Mallya, the King of good times unveils his calendar. But in 2011 the calendar will focus on a different target audience –women, who have anyway been his target for long, if not audience. The inaugural calendar will feature some male celebrities from different fields:

Anil Ambani, Arindam Chaudhuri and Shibu Soren get hotter

3. Superstar Rajinikanth to endorse a commercial product

Rajini mania will continue to grab the nation’s eyeballs and SMS joke forwards. Marketing managers are willing to spend billions to get Rajini as brand ambassador for their products even as the superstar has kept away from such commercial dealings. But it would change in 2011 and Thalaivar would accept a few endorsements. But since Rajini is involved, the end result may not be as expected:

Chaunk gaye? Rajinikanth mitaaye saare daag, err... sab kuchh

4. Sensex signals its performance in the first quarter itself

People keenly discuss how the bourses are going to perform in future and the speculations keep on happening all the year long. But the sensitive index of the Bombay Stock Exchange would signal what to expect the whole year in the first 3 months of 2011 itself:

Take it punters!

5. Preity Zinta officially breaks up with ex-boyfriend Ness Wadia

When we talk about “Breaking News”, how can we ignore India TV? Well, the fifth event in itself is not such a big development, but India TV would make it much more than that:

No caption needed!

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Lalit Modi clarified that he was being confused with Narendra Modi, who is denied a visa in normal cases, let alone being allowed to travel abroad. The airport security was not convinced and asked Lalit to step aside for further questioning. Modi was visibly upset with what came out as racial discrimination based on the color of skin and as well as surname, a double blow for him, but he decided to cooperate with the officials.

The questioning went on for 4 hours, which beat the previous best of 3 hours, a record set by Shah Rukh Khan. Lalit was also asked to undress just to check if he was carrying any weapons. Commendably, Lalit maintained his composure throughout this humiliating experience.

Faking News has exclusive access to the transcript of the entire questioning session. With permission from the Airport authorities, we are reproducing certain sections of the transcript between Airport Security (AS) and IPL Commissioner Lalit Modi (LM), apart from the images.

Lalit Modi after he was asked to undress by Airport Security in England

AS: WTF! Why do you have these tattoos on your body??

LM: These are my professional commitments. IPL3 attracted many sponsors and the list kept growing each day. It was difficult for me to keep a track of each and every sponsor so I tattooed their logos. I have a short term memory loss problem, so much so that I used to forget about a test match even before it entered its second day. That’s why I like T20 cricket.

AS: What’s with the blue colored underwear?

LM: This is a new brand of underwear called Spinners, which Shane Warne has designed. It was gifted to me by his Rajasthan Royals team. They actually wanted to gift me a turban, but Shane thought a thong could suit me better. I joked to Shane that now they could call themselves RajasThong Royals, and Shilpa had a hearty laugh at that.

AS: Shilpa who? That girl who was cried like a baby in Celebrity Big Brother UK?

LM: Yeah, she has come a long way since then. She doesn’t cry now, even when her team loses. She owns that team I was talking about.

AS: What team? What are you working on dude? Can you explain why these tattoos and underwear could not be some coded stuff for terrorists?

LM: That’s ridiculous. You have to understand that I represent an organization called Indian Premier League that is like your English Premier League, although for cricket and not football. I don’t work for any terrorist organization.

AS: Oh ho, but we don’t call it English Premier League anymore. It’s just Barclays Premier League. So are you planning to drop “Indian” from the name too and replace it with one of those logos?

LM: Now you seem to be getting my point. (smiles)

AS: hmmm… but what makes you visit UK?

LM: I have come to meet guys from your Cricket Board to find out if we can host IPL in UK. But I also intend to meet guys from Barclays Premier League to understand how they dealt with the court cases accusing them of cartel when they signed broadcasting deals with television channels. This year some news channels had made a fuss but finally they agreed. Next year they may move to court, so I thought I should be prepared for any such eventuality.

AS: Smart guy. I guess we’d let you go, but would you make a fuss of it like that Khan guy, who we heard went out to make a movie on this too.

LM: No, no. I won’t make any fuss. I told you that I suffer from short term memory loss, so I’d anyway forget about it soon. And yeah, that Khan guy too owns a team.

AS: Gosh, you Indians are crazy. Anyway, you are free to move. Thanks.

LM: Thanks. But can I call it a “Citi Moment of Success” for myself?

AS: Whatever dude!

LM: Thanks!

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We decided to hand over the case to CID as they have been unraveling mysterious murder mysteries for decades now. Anandi was murdered on 10^th March 2010 and CID managed to crack the case in 24 hrs, which is an achievement in itself.

According to the CID, Ekta Kapoor was not happy with the increasing TRP of Baalika Vadhu and the falling TRP of her saas-bahu serials. So to put an end to this, she ordered a hitman to do the job.

CID chief Pradyuman and his team spoke exclusively to Faking News and also revealed the shocking information that apart from TRPs, Ekta was also unhappy with Anandi not applying red tilak on her forehead despite being a bahu, as it would have improved the brand recall of her saas-bahu serials. Finally, Ekta tried to finish off the trouble by leaving a permanent tilak on Anandi’s forehead.

Following shocking visuals, shared with us by the CID team, tells the telling story of the gruesome murder:

The victim

The accused

The hitman

And finally, the investigating team

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“After reading about it on various blogs, I decided to watch James Cameron’s movie, and I was shocked to find it a scene by scene copy of my movie. They just moved an A from the right side of the T to the left side in the movie title.” said a visibly upset Kaka, adding, “I almost wanted to cry, but I didn’t, because you know, Pushpa, I hate tears re.”

Kaka has some hard evidence to prove his point; he has pictures that show exactly how Avatar (2009) is inspired by Avtaar (1983). Kaka was kind enough to hand over these images to Faking News reporter Pushpa, and is contemplating filing a court case against James Cameron.

We leave our readers with these pictures so that they can decide for themselves:

"They copied the POSTER!"

"They even copied my paralyzed hand"

"Shabana’s faraway look, copied again"

"Do you need more proof?"

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