Atul,
the attached log unfortunately doesn't contain the activation log error messages.
From one of the screenshots it's visible that at least one of the errors is that the view does not have any measures defined (on the semantic) level.
You can fix this by either defining a measure or declaring the view as a dimension view (without measures).
There also seems to be a second error, which I could not fully see. In case you need assistance with that too, please post the full activation log.
As a side remark: variable names like TABLE_1 or var_A are not a good choice ... 
- Lars