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Special
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Konerirajapuram
Temple Inscriptions |
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Business and Economy
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Wipro in Saudi JV
Wipro Infotech and Dar Al
Riyadh Group formed a joint
venture called the Wipro
Arabia Ltd specifically to
cater to the IT market in
Saudi Arabia with Wipro owning
2/3rd and the Saudi partner
the rest.<More>
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“Red Tapism” Slowing Indo-UK
Trade
Chairman of the Indo-British
Partnership Network (IBPN)
Lord Karan Bilimoria said in
an interview with the Times of
India that although “reduced
to a great extent,” the
biggest bottleneck to further
bilateral trade is “Red tapism.”<More>
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Pak Hurdles on SAFTA
Hailing Afghanistan’s entry
into the South Asian
Association for Regional
Cooperation (SAARC), an Indian
official complained about
Pakistan’s refusal to
implement South Asian Free
Trade Agreement (SAFTA) which
impeded regional trade.<More>
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M&A Worth $8B in FDI
Global economists have
predicted that the “high
performance of the Indian
economy” infused by “the
improving policy environment”
is expected to accelerate
“direct investment” to USD 8
billion from USD 6.5 billion
the previous year.<More>
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IT Revenues Projected at USD
47B
An industry review of
Information Technology and
Information Technology
Enhanced Services (IT/ITES)
projected a 28% growth revenue
from these sectors to net USD
47.8 billion and its portion
of gross domestic product
(GDP) at 5.4% in 2006-07.<More>
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India Bullish on Growth
A recent survey of 200
business houses found that
business confidence index for
October 2006-March 2007 was
higher by 2.5 points at 71.8
from the previous 6 months and
85% of the respondents
revealed plans for increased
investments.<More>
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Stalemate on SEZ
The Empowered Group of
Ministers (EGoM) for Special
Economic Zones (SEZs) ended
its review meeting
“inconclusively” but said that
it is considering ways of
infusing “export obligations”
in order to differentiate
between proposals.<More>
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FDI Grows 120%
Commerce & Industry Minister
Kamal Nath said that Foreign
Direct Investment (FDI) inflow
surpassed all previous
projections and is expected to
grow at 120% to USD 15 billion
this fiscal year.<More>
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Over 200m Jobs by 2020: Brown
British Prime Minister in
waiting and Chancellor of the
Exchequer Gordon Brown said
that India is set to create
25% of extra jobs or an
estimated 200 million jobs by
2020 which will be more than
the numbers created in the US,
Europe, and China put
together.<More>
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Need to Resuscitate Doha Round
“Confident that India will
make a constructive
contribution to the last
laps,” World Trade
Organization (WTO) Chief
Pascal Lamy warned that the
“window of opportunity” will
“close sometime this year.”<More>
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SEZ Policy on Hold
Spreading protests from
farmers arbitrarily thrown out
of their land for
below-the-market payments to
create under-planned Special
Economic Zones (SEZ) has
prompted the government to
suspend this policy.<More>
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Democracy, Politics and
Judiciary
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Environment, Health and
Education
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Bird Flu in South Korea,
Egypt, Indonesia
South Korean official revealed
plans to cull “273,000 poultry
within a 500 meter radius”
while Egypt reported the 11th
death and Indonesia culled
thousands of chicken after the
deadly H5N1 strain of bird flu
was found.<More>
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New Initiatives for Tigers at
Sariska
After being severely
criticized for the
disappearances of tigers from
the Sariska Reserve, the
Rajasthan government has
started relocating villages
that fall inside the Sariska
reserve to pave way for the
re-entry of the big cats.<More>
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Terrorism, Defense, Security and Science & Technology
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NK Nuclear Help to Iran,
Indian Help Sought
The Daily Telegraph carried an
expose that accused North
Korea (NK) of helping Iran
with nuclear testing similar
to the one it carried out last
October by providing Iranian
scientists relevant data and
know-how.<More>
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Satellite recovered from sea
The Indian Space Research
Organization (ISRO) Space
Capsule Recovery Experiment (SRE-I)
was a “grand success” as the
capsule “gently” splashed down
into the Bay of Bengal and
recovered by the Coast Guard.<More>
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Russian Engines and Chinese
Planes
Russia has assured India that
it will not allow China to use
its RD-93 engines in the JF-17
Thunder multi-role fighter
aircraft in planes it plans to
sell to Pakistan and is
apparently covered in the
end0user certificate contracts
barring export of technology
to Pakistan.<More>
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Pak Forces Attacked by NATO
NATO troops using helicopter
gun-ships returned fire on a
Pakistani check post on the
Afghanistan border in an
obvious retaliation for
Pakistani Army giving covering
fire for infiltration of
terrorists in North Waziristan.<More>
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China Satellite Killer Missile
After many wishy-washy
statements, China for the
first time confirmed the
successful testing of a
satellite killer missile but
insisted that it was “peaceful
development of outer space”
and “opposes the arming of
space and military competition
in space.” <More>
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Islamic Leader Surrenders in
Kenya
An Islamic leader of Somalia’s
ousted Islamic movement
surrendered to Kenyan
authorities raising hopes that
the moderate Sheik Sharif
Sheik Ahmed can facilitate
moderation of widespread
Jihadist insurgency in
Africa..<More>
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Involve Myanmar in ULFA Hunt
With increased violence from
United Liberation of Asom (ULFA),
External Affairs Minister
Pranab Mukherjee is visiting
Myanmar over the weekend to
cement oral agreement on the
sidelines of the ASEAN meet in
the Philippines on joint
operations.<More>
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New Amphibious Ship is 'Jalashva'
The Indian Navy took
possession of US Trenton and
rename it INS 'Jalashva' in
the hope that it will greatly
enhance rescue operation and
troop transportation
capabilities.<More>
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Majors at Aero India Expected
With a planned purchase of 126
Multi-Role Combat Aircraft (MRCA)
valued at more than USD 7
billion still undecided, the
Aero India in Bangalore this
Bangalore is expected to
attract major players.<More>
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Neighbors
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Karuna Group Destabilizing,
SLG Colludes
Annoyed by selective leaks of
an internal document by the
Sri Lankan Government (SLG),
donor nations outed the report
blaming the SLG-supported
Karuna faction as a major
destabilizing factor and the
Human Rights Watch (HRW) also
blamed the government for
“willful blindness.”<More>
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Iran Bars IAEA Inspectors, US
Warns
In an apparent retaliation
against UN sanctions imposed
last month on its
controversial nuclear program,
Iran barred 38 UN nuclear
inspectors from entering the
country and the US upped the
ante saying that rapprochement
with Iran was “not possible.”<More>
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Nepal King Public Appearance
Since being sidelined by the
Seven Party Alliance (SPA),
Nepali King Gyanendra made his
first appearance in connection
with a Hindu festival Vasanta
Panchami but government
officials and politicians who
traditionally the attend the
festivities remained aloof.<More>
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Personality-Neutral Relations
with Iran
In an act of militant defiance
in response to the second US
aircraft carrier USS John C.
Stennis into the Persian Gulf,
Iran tested short range Zalzal
and Fajr-5 missiles ostensibly
to evaluate “defensive and
fighting capabilities of the
missiles.”<More>
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SLG, LTTE Criticized for Child
Soldiers
As the Sri Lankan Army (SLA),
helped by Israeli and
Pakistani mercenaries, claimed
success to take a key town in
the East, a UN report has
criticized the insurgent
groups, the government, and
their sponsored militia of
abducted conscription of
children.<More>
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