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NEW DELHI: A picture posted on Facebook led to such bitterness among two Class X students of a well-known private school in central Delhi that one of them stabbed the other with a paper cutter in school on Wednesday morning.

The victim suffered six stab wounds, with the cutter slashing through his veins. He was rushed to the Ganga Ram Hospital in Rajender Nagar where an operation was conducted to stop the bleeding. The boy is now reported to be stable.

On Sunday, the attacker had warned the victim through a text message that he would be attacked in school. Not taking the threat seriously, the victim deleted the message after sharing it with friends and did not inform his parents or the school authorities about it, police said.

Friends and family members of the victim said the two boys, both 15 years old, turned bitter rivals after they attended a party some time ago. “Someone clicked a group photo at the party. The accused allegedly circulated a cropped photo of the victim with another student which was objected to by the victim. This led to tension between the two,” said a family relative.

The attack took place around 7.25am near the school staircase. “The boys studied in different sections of Class X. For the past few days, there was some animosity between the two,” said the school principal when contacted on phone.

“The school starts at 7.30am. These two boys arrived at the staircase and started fighting. One of them attacked the other with a sharp object, leaving gashes on his left hand. We have a tie-up with Ganga Ram Hospital and the injured student was taken there. Since it was a medico-legal case, the hospital authorities asked us to join the investigations,” the principal said.

The principal said the school’s prime concern was to ensure the quick recovery of the victim. “We can then decide on some disciplinary action,” he added.

According to the victim’s mother, the teenager had earlier complained of being bullied by the accused. “We got a call in the morning that we should come to the school. Twenty minutes later, we were told that my son was being taken to hospital as he had suffered injuries,” she said.

She said she became aware of the alleged SMS only on Wednesday. “He had deleted the SMS threatening him of an impeding attack by the same boy,” the mother claimed. The victim’s father is a cloth merchant. Both boys live in west Delhi.

The accused’s mother said her son was “repentant” over his actions. “He has told me that he suddenly lost his cool when he heard bad words spoken about one of his sisters. However, we have told him his actions cannot be justified. He is at present not feeling well and has been advised rest,” she said.

Additional CP (central) Devesh Srivastav said a DD entry had been made about the attack at Rajender Nagar police station. Sources said the child will be asked to be present before the Juvenile Justice Board.

A Ganga Ram Hospital spokesperson said the boy was recovering well. “We found he had suffered six sharp wounds. But no major injury was noticed.”

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NEW DELHI: Needling India all along the unresolved 4,057-km Line of Actual Control (LAC), Chinese troops have crossed over into Indian territory over 500 times since January, 2010.

But much more than the sheer number of these “transgressions” – the government refuses to call them “intrusions” – it’s the increasingly aggressive behaviour of the 2.5-million-strong People’s Liberation Army (PLA) along the LAC that remains a major worry.

Many experts feel China, after building massive military infrastructure in Tibet Autonomous Region with five airbases, an extensive rail network and over 58,000-km of roads, is now resorting to “a slow but steady cartographic aggression” to keep India under pressure.

The government, as always, played down the issue by holding the transgressions took place due to “differing perceptions” about where the LAC actually lies. “Our security forces also continue to patrol all areas that fall within the Indian perception of the LAC,” said defence minister A K Antony in Rajya Sabha on Wednesday.

Union minister of state for home Mullappally Ramachandran, however, did admit the number of transgressions by PLA troops stood at 228 in 2010, 213 in 2011 and 64 till April.

Similar figures, if not more, have been recorded in earlier years. The number of Chinese transgressions, as Antony said, have “generally been as per established pattern” during the last five years.

But that does not detract from the fact that the PLA has been flexing its muscles through an aggressive border management policy to stake claim to disputed areas in all the three sectors – western (Ladakh), middle ( Uttarakhand, Himachal Pradesh) and eastern (Sikkim, Arunachal Pradesh).

Chinese troops, for instance, damaged a 200-feet long stonewall in Yangtse area of Tawang in Arunachal last year, which was subsequently re-built by India after lodging a strong protest with Beijing.

Armed motorized as well as boat patrols by PLA in the strategically-located Trig Heights and Pangong Tso lake in eastern Ladakh have also intensified since 2009. Similarly, Chinese has stepped up claims along the 206-km border between Tibet and Sikkim, which India long considered was “a settled matter”, with the so-called 2.1 sq km “finger area” in the northernmost tip of the state remaining a specific matter of concern.

New Delhi hopes the new bilateral boundary coordination mechanism, which became operational two months ago after being inked during the 15th round of border talks between national security advisor Shivshankar Menon and his Chinese counterpart Dai Bingguo in January, will help prevent border flare-ups between the two armies.

India also takes up “specific incidents” of transgressions by PLA through hotlines, flag meetings, border personnel meeting (BPM) and diplomatic channels. During the 4th India-China annual defence dialogue last December, India also told China that military patrols along the LAC should not be undertaken at night, nor should they “surprise each other”. Moreover, laid-down stand-operating procedures to cool down tempers should be followed in the event of face-offs between the two armies.

India also suggested the proposed BPM mechanism at Lipulekh in the middle sector should be shifted to the nearby Mana Pass to make it operational, to follow the ones already in place at Nathu La, Bumla, Spanggur and Kibithu-Damai.

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MUMBAI: The Indian currency’s Greek tragedy continued on Wednesday, as the rupee closed at a new all-time low of 54.5, marking a 22% fall already this year.

All Asian currencies, not just the rupee, have lost value against the dollar due the euro-zone crisis triggered by Greece’s imminent exit from the common currency. But that is unlikely to be of much consolation to households that are set to suffer the effects of inflation as all imports, including oil, get costlier. Outbound tourists and students too will have to shell out more rupees for the same amount of dollars.

The falling rupee will also have an impact on businesses. “This could be a death blow for various Indian companies. One key aspect is the impact on Indian companies in terms of the mark-to-market losses on the borrowings they made through ECB and FCCB routes,” said Jagannadham Thunuguntla, strategist and head of research at SMC Global Securities. He pointed out that the 22% drop has imposed an additional burden of $6.6 billion on Indian corporates that have borrowed money overseas. Accounting laws require companies to make provisions on foreign exchange losses on a quarterly basis.

On Wednesday, the Reserve Bank of India lost a crucial battle to keep the rupee within earlier support levels as the domestic currency lost 70 paise from Tuesday’s close. Dealers said that having crossed the previous low of 54.3, the rupee is now in uncharted territory.

Although the root cause was global, dealers said the RBI’s hand was weakened due to the government’s inability to come out with policy measures to attract fund inflows or reduce the deficit.

“More than the rupee weakening it was the euro collapsing and the dollar gaining against all currencies. Although RBI managed to pull back the rupee to 53.8 on Tuesday, overnight there was news that the Greek president had failed to avert a repeat election (raising the possibility of a Greek exit from the euro) which resulted in the rupee opening below 54,” said Harihar Krishnamoorthy, treasurer, First Rand Bank. He added that although the rupee rallied briefly when finance minister Pranab Mukherjee spoke about austerity measures, it slipped again when no announcements were forthcoming from the government.

“This is not unique to India, we are part of a global economy,” said K R Kamath, chairman, Punjab National Bank.

According to data compiled by Bloomberg, the ringgit slumped 1.1% in Kuala Lumpur, the Korean won dropped 1%, the Philippine peso weakened 0.9% and Thailand’s baht fell 0.5%. “Though measures like dollar bonds, creating a special window for dollar sales to the oil companies and enhancing the debt limit for foreign institutional investors apart from physical intervention may curb short-term losses, structural reforms and greater commitment by the government towards fiscal discipline are key for ensuring sustained gains in the rupee,” said Upasna Bhardwaj, economist, ING Vysya Bank.

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