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What is India DAILY ROUND-UP

Thursday, 17 February 2005, 1300 hrs

TOP STORIES
Breakthrough: India-Pak
bus service from April 7

The neighbours
took a giant step forward in normalising bilateral relations when they agreed to start a bus service between Srinagar and Muzaffarabad from April 7 
 
BUSINESS & ECONOMY
FDI in construction: not
just yet, says Centre
The Centre deferred a decision on the proposal to allow foreign direct investment (FDI) in the construction sector after it had informally warmed up to the idea

FEATURE PICKS


Asia Times
Two ways to cook the books 
Most observers of the Indian and Chinese economies have looked at foreign direct investment (FDI) figures as defined by the respective countries without looking at the underlying accounting frameworks that make FDI into China seem much more than India's. A debate has now been stirred in India, with influential sections of the government and business urging a change in accounting procedures. By PRIYANKA BHARDWAJ

* * * 

International Herald Tribune

Welcome to the Chinese
century? Not so fast 

Everyone has an opinion on who will lead Asia in the years ahead, including the Group of 7 industrial nations. This month, the group clearly seemed to be putting its money on China. Western markets also are trying to digest recent investment bank reports arguing that China and India will become the world's second- and third-biggest economies, says WILLIAM PESEK JR


* * *
New Indian Express
Stop being obsessive
Foreign Investment was not it is even now not just an obsession with our economists and policy makers. It is an obsession accompanied by an inferiority complex, says S GURUMURTHY



Asia Times
India's military hungry for more
The defense establishment is calling on New Delhi to increase military spending by 40% in the upcoming budget, nearly double last year's unprecedented increase. But some analysts argue that India should focus more on getting its intelligence-gathering infrastructure in order, rather than building on conventional weapons of war. By SIDDHARTH SRIVASTAVA

* * * 

Deccan Herald

Naga talks: the task ahead
Both the Government of India and the NSCN should move beyond the sterile formulas based on the territorial imperative. By M S PRABHAKARA


* * * 

Deccan Herald
Alternative sources needed
Spiralling global oil prices over the last five years might mark the beginning of the end of the era of oil, says PREM SHANKAR JHA

 EDITORIAL PICKS

Dealing with Naxalism (Hindu)
Prongyang talks tough (Hindu)
Murder of Abhi Verma
(Pioneer)
Delhi's stakes in Kabul (Pioneer)



OP-ED

What is India Exclusives

The US, China and India
A partnership with India, by whatever name, could provide America a way to offset the surge in China's geo-political and economic power, 
writes RAM NARAYANAN

(Washington Post) 

Why are they scoffing
 at Hinduism?

Why is Sri Jayendra Saraswati being persecuted? Is it because his disciples don't take out violent marches and destroy public property? USHA KRIS asks President Abdul Kalam why the innocent are being tormented 

PIL against seer: Court's ire
CIA task on Pak anti-terror drive 
Nepal coup shows US hypocrisy
Indian style democracy in Iraq
Death from stampede avoidable

Tsunami: Tad Murthy speaks
India's Look East Policy
NRI donates $10 m for college 
Resurgent violence in J&K
What does it mean to be a Hindu in India?
Indian Elections: Verdict 2004
Meritocracy in the private sector

War on the people
United protest in New York 
Middle class devotee's appeal
Pillar of Hinduism
Nov 11 turned out like Sept 11
'Nobody is above the law'
'SP has no regard for law'
Temple: Perfect, stately and tall
US leaders oppose F-16 sale

ACADEMIC PAPERS

What is India Exclusives

Philosophy of 
Bhaja Govindam

Each verse in Shankara's Bhaja Govindam is a shining lamp that shows us the way out of material craving, writes  Y S GOWRAMMA 

Hinduism: Universal religion
Hinduism's lofty ideals make it a way of life, not just a speculative philosophy, says Y S GOWRAMMA 


Health education in India
Governments, media, academic institutions and NGOs, have to work in close collaboration to give India an effective health education  system, write
 Dr B P MAHESH CHANDRA GURU, SAPNA M S and
 MADHURA VEENA M L

INSCRIPTIONS

ONLY ON WHAT IS INDIA

South Indian Inscriptions 

Original texts from four states, transcribed from a definitive work published by the Archaeological Survey of India

Volume 8
Chola Inscriptions

Volume 10
Telugu Inscriptions
from Andhra Pradesh

Volume 12

Pallava Inscriptions

Volume 14

Pandya Inscriptions

Volume 16
Telugu Inscriptions
of the Vijayanagara Dynasty

Volume 17

Inscriptions Collected
 During 1903-1904

 BUSINESS HEADLINES

India warned of fiscal deficit 
States ignore Centre’s query 
India ‘mostly unfree’

 CORPORATE HEADLINES

Booklet on tax released
Rate revision welcomed
IVRCL bags new orders
Phillips Carbon gets stamp




WORLD HEADLINES

Iran to go ahead with reactor
Hamas promise on ceasefire
Tribute to Allied bomb victims
US monitors Iran arms 



Interesting links

Southern Asia Collection
 at the University of
Chicago Library
Photographs, digital resources, exhibitions, bibliographies, links

US-India Friendship
Online resource for friends
of India