How to read a file on paste event in HTML5

In HTML5 we know that we can read files using predefined API. As of now I have tried

<input type="file"> and the File Drop method. They have worked fine for me.

But I want to know the possibility of pasting a file on a div and capturing the file on paste. For Example

 $('#dummyDIV').bind('paste',function()
 {
      // Like var file = files[0]
 });

Thanks