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Positive Movement on NK,
Many Hurdles Remain
(March 19, 2007)
The United States (U.S.)
and North Korea (NK) seem
to have resolved a dispute
over $25 million of frozen
funds, a key point that
stopped the progress in
negotiations to dismantle
the NK nuclear weapons
program.<More>
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Iran Stalemate Intensifies
With More Sanctions
(March 15, 2007)
So called permanent U.N.
powers and Germany, weary
of Iran's hardening
position on its nuclear
program, agreed "in
principle" on a new set of
sanctions on Tehran for
continuing to defy world
demands to abandon its
enrichment program.<More>
Ore Export to China Hit
(March 13, 2007)
Responding to concerns
from environmental groups,
domestic steel businesses,
and manufacturing houses,
the federal government had
imposed an export duty of
Rs. 300 per ton but
Chinese importers are
boycotting Indian ore
demanding exporters absorb
the duty.<More>
Pak Alienating Neighbors,
World Powers
(March 12, 2007)
Despite signs of souring
relations with Tehran and
strained relations with
Washington, Pakistan has
asserted that it will not
allow its territory to be
used by the U.S. for
anti-Iran operations.<More>
Sunni-Shia Consensus?
(March 05, 2007)
Iranian hard-line
President Mahmoud
Ahmadinejad and Saudi King
Abdullah bin Abdulaziz
have reportedly agreed to
stem increasing rift
between Sunni and Shia
Muslims that is dragging
West Asia into crisis.<More>
Congress Party Loses State
Elections
(February 27, 2007)
Main coalition partner of
the United Progressive
Alliance (UPA) governing
the federal government,
the Congress Party, lost
several key states
including economically
rich Punjab and militarily
rich Uttarakhand.<More>
Cheney in Surprise Pak
Visit
(February 26, 2007)
In a surprise move, U.S.
Vice President Dick Cheney
visited Pakistan on his
way to Kabul carrying a
message from President
George Bush that Islamabad
will lose its financial
aid if it cannot manage
its border with
Afghanistan.<More>
Trilateral Conference
Concludes in Delhi
(February 19, 2007)
The first structured and
sixth trilateral
conference between India,
Russia, and China ended in
New Delhi with an emphasis
on cooperation rather than
confrontation should
govern approaches to
regional and global
affairs."<More>
Disappointing Cauvery
Verdict
(February 14, 2007)
After 17 years of
deliberation and
unimplemented awards,
the Cauvery Water
Disputes Tribunal passed
a disappointing verdict
where not only were the
four states unhappy but
also disappointing those
who were looking for a
broader direction.<More>
BSF Wants No Habitation on Bangla Border
(February 09, 2007)
The Border Security Force (BSF)
has proposed a "no-habitation
zone" of 150 yards along the
long Indo-Bangla border in
West Bengal, Meghalaya, and
Tripura so it can effectively
manage it and stop illegal
infiltration.<More>
Achieving a Sustainable
Economic Growth Rate
(February 08, 2007)
In yesterday's piece "Is
the Economic Growth
Sustainable?" we showed
that the Indian economy
has excellent
fundamentals but is also
riddled with risk. In
this article, we will
list various fixes that
are necessary to ensure
that the growth rate
continues.<More>
Is the Economic Growth
Sustainable?
(February 07, 2007)
If economic reforms keep
pace, in the next
several years, the
Indian economy is
expected to pass Italy,
France, and the UK and
become the fifth largest
in the world spurred by
more efficient
industries competing
with the global system.<More>
New Environmental Body
(February 06, 2007)
France has proposed a new
environmental body that could
police, monitor, and hold
responsible nations that
over-use resources in the name
of development and received
support of several nations but
not the US, China, India, and
Russia.<More>
Russia Supports Natural
Gas Cartel Idea
(February 05, 2007)
Russia has proposed a
gas producing cartel
idea from Iran along the
lines of the oil
producing cartel so
natural has exporters
can come under a banner
to control output to
keep prices at higher
levels.<More>
GDP Growth Projected at
9%, RBI Hikes Rate
(February 02, 2007)
The government raised
the country's gross
national product (GDP)
growth to nine percent
up from 8.4 percent
because of higher than
expected agriculture
output this fiscal year
but the Reserve Bank of
India (RBI) hiked
short-term rates to
check inflation.<More>
India-ASEAN Relations at
“High Point”
(February 01, 2007)
The Association of South
East Asian Nations
(ASEAN) Secretary
General Ong Keng Yong
said that his
organization has “gone
beyond” characterizing
“China as the best
economy and India as a
secondary economy” and
has now accepted India
“as a strong economy.”<More>
IPI Agreement Closer to
Reality
(January 31 , 2007)
As US-Iran relations
nosedived over
accusations of meddling
over Iraq and Tehran’s
nuclear program, India,
Pakistan, and Iran
seemed to have agreed on
a price to transport
natural gas to India
over the
Iran-Pakistan-India
pipeline project.<More>
Political Color to
Religion through Sachar
Report
(January 30 , 2007)
With elections coming up
in Uttar Pradesh, the
United Progressive
Alliance (UPA)
government is reportedly
reading democratic
statistics to execute
minority welfare schemes
even as Muslims accuse
the Sachar Report of
ignoring their women.<More>
Indian Economy to Surpass US
by 2050
(January 29, 2007)
A recent Goldman Sachs study
projected that India, along
with China, will surpass the
US economy by 2050 as India
has moved onto a much faster
trajectory fueled by strong
and steady manufacturing
productivity gains.<More>
Russia Wants Energy, Military
Pie
(January 25, 2007)
Russian President Vladimir
Putin arrived in India to
rejuvenate ties hoping to win
a strong share of India’s
large energy and military
budget and also be the Guest
of Honor of the Republic Day
Parade that showcases Indian
military and cultural might.<More>
Iran Bars IAEA Inspectors, US
Warns
(January 24, 2007)
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>
Personality-Neutral Relations
with Iran
(January 23, 2007)
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>
Halted Support for US Iraq
Strategy
(January 22, 2007)
Even as US allies in West Asia
expressed support for the US’s
new Iraq strategy, Riyadh
haltingly expressed support
but also doubted the
even-handedness of the
government in Baghdad to deal
with the Sunni population or
its capacity to stop sectarian
violence.<More>
Involve Myanmar in ULFA Hunt
(January 20, 2007)
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>
AEC Chairman Guarded on Nuke
Deal
(January 18, 2007)
In an interview with The
Hindu, Atomic Energy
Commission (AEC) was guarded
on the Indo-US Civilian
Nuclear Deal only to list the
concerns that the Indian
establishment still hankers
but also said that these are
issues that can be clarified.<More>
SC Upholds MP Expulsion
(January 17, 2007)
The Supreme Court (SC)
upheld the Parliament’s
controversial expulsion
of 11 Members of
Parliament (MPs) caught
in a media sting over
the cash for query
scandal and said that
the expulsion was in
accordance to law.<More>
Indo-Portugal Ties Takes
Off
(January 16, 2007)
Portugal President
Professor Anibal Cavaco
Silva, a politically
representative
parliamentary
delegation, and large
business delegation
visited India and signed
4 significant
agreements.<More>
2006 Exports Topped
Expectations
(January 11, 2007)
Indian exports achieved
a key milestone when it
crossed the
psychological barrier of
USD 100 billion in 2006
with a growth rate of
24% and over 13% of
total gross domestic
product (GDP) valued at
USD 800 billion compared
to 6% in 1990-91.<More>
Ortega Assumes Power in
Nicaragua
(January 10, 2007)
Ringing warning bells in
Washington, former
revolutionary Daniel
Ortega assumed office in
a ceremony attended by a
dozen anti-American
world leaders and left
ideologues even as he
promised to balance
economic and ideological
considerations.<More>
Moon Rover Plans
(January 09, 2007)
As part of the second Chadrayan mnission in
2010-11, the Indian Space Research Organization
(ISRO) is planning to land a motorized rover on
the moon to pick up samples of soil or rocks,
perform chemical analysis, and beam data to
mother spacecraft.<More>
New Goal-Oriented Iraq Strategy
(January 08, 2007)
As US Generals gave a sobering view of
progress made by their troops in Iraq, a
recent report suggested that President
George Bush may introduce a new policy in
Iraq that includes a set of goals that the
government must meet.<More>
Bangla Polls Dubious
(January 05, 2007)
After indicating their participation in the January 22
polls, the 14-party opposition led by former Prime
Minister and Awami League leader Sheikh Hasina have now
decided to boycott the elections alleging that it was
“stage-managed.”<More>
Indo-Japan Ties Need Boost
(January 04, 2007)
Given regional and global developments
arising out of globalization and nuclear
weapons program of North Korea, industry
leaders are asking for a more active
political engagement of Japan which they say
will be more active this century.<More>
No SLMM in Combat Areas
(January 03, 2007)
As the Sri Lankan Monitoring Mission (SLMM) withdrew
from combat areas in the North and East, the Sri Lankan
Air Force (SLAF) raid killed 15 civilians (including 4
children), wounded dozens, and destroyed all but 5
houses in Northern coast near Mannar.<More>
Islamists Driven Out of Mogadishu
(January 02, 2007)
Islamists controlling Somali capital
Mogadishu the last 6 months and enforcing
medieval laws were driven out by
Western-supported Somali government troops
and backed by Ethiopian tanks and MIG
fighter jets.<More>
Tehran Defiant on Sanctions
(December 28, 2006)
For the first time, Iranian President Mahmoud
Ahmadinejad acknowledged its nuclear weapons program
when dismissing the UNSC resolution imposing limited
sanctions against Tehran as a “piece of torn paper”
meant to “scare Iranians.”<More>
Increased Foreign M&A
Projected
(December 27, 2006)
Investment bankers and
analysts project
increased merger and
acquisitions (M&A)
activity in the
information technology
(IT) space where smaller
Indian companies are
acquired by larger
foreign players but do
not rule out a large
deals either.<More>
Bush Allays Indian Concerns
(December 26, 2006)
US President George Bush called Prime Minister
Manmohan Singh to wish him for the season and to
also allay fears in India over the civilian
cooperation bill and both leaders concluded that
these concerns can be addressed in the “1-2-3
Agreement.”<More>
Energy Concerns & Alternatives
(December 25, 2006)
As India’s economy grows at a breathtaking 9.1% its
hunger for energy to sustain this growth is higher and
though per capita energy consumption is relatively low,
its energy use is expected to surpass Russia and Japan
to be the third largest consumer of energy by 2030.<More>
Govt to Divest from Maruti
(December 23, 2006)
After 25 years of partnership with
Japanese Suzuki Motors through
Maruti Industries, the Government
has decided to sell its remnant
10.27% stake for an estimated Rs.
2,700 crore (USD 586 million) to
overcome budget deficits.<More>
No Shortcuts in Kashmir
(December 21, 2006)
Pakistan President Pervez Musharraf proposed a “four
point solution” to resolve the Kashmir dispute that
includes Indian troop withdrawal, self-governance for
Kashmiris, joint supervision by the three sides, and
maintaining current borders in exchange for giving up
claim to Kashmir.<More>
The Iran Problem for US
(December 20, 2006)
As Tehran civic polls brought in moderate and reformist
opponents of hard-line President Mahmoud Ahmadinejad’s
to power, US policy makers are increasingly concerned
about developments and statements from Iran and
especially about their nuclear program.<More>
No Sanctions Says NK
( December 19, 2006)
A defiant Pyongyang declaring itself a
nuclear power and threatening to increase
its arsenal unless UN sanctions imposed on
it since its October 9 nuclear test and
remove financial restrictions that prompted
the bankrupt nation to break-off the 6
nation dialogue 13 months ago.<More>
Manmohan’s Japan Visit
(December 18, 2006)
Prime Minister Manmohan Singh visited Japan
where he invited greater investment from
Japan under a Comprehensive Economic
Partnership Agreement (CEPA) and also
requested Tokyo’s support for the Indo-US
civilian nuclear deal in the Nuclear
Suppliers Group (NSG).<More>
Hamas Takes Over Gaza Border
(December 15, 2006)
After weeks of politically motivated
assassinations and murder of children, Hamas
gunmen fought fiercely with Fatah-allied
border guards to seize control of the Gaza
Strip’s EU-monitored border crossing with
Egypt.<More>
Taliban Is a Virtual Mini State in Pak
(December 14, 2006)
Finally, Western media has woken up to the
dangers of the
peace pact between Pakistan and the
local Taliban in the North West Frontier
Province and the New York Times (NYT) reported
about a resurgent Taliban supporting
Indian concern for this development.
New Money Laundering Law
(December 13, 2006)
India has enacted the Prevention of Money
Laundering Act (PMLA) that would allow
government agencies to track funding of
terrorist activities and greatly help
intelligence agencies monitor the flow of
funds often indicative of terrorist strikes.<More>
Qualitative Jump in Indo-US Relations
(December 12, 2006)
In a major show of good faith, US policy
makers worked into the night to reconcile
the House and Senate versions of the
amendments to US law that would facilitate
Indo-US civilian nuclear cooperation and
will be signed into law by US President
George Bush.<More>
Citizens in Crossfire
(December 11, 2006)
Thousands of civilians took shelter in schools and
Buddhist temples after wayward artillery fire wounded
dozens and killed and wounded many soldiers, rebels, and
civilians and the Sri Lankan Army (SLA) and rebels
trading charges on who was responsible.<More>
LTTE Wants “Independent” Nation
(December 08, 2006)
The Sri Lankan Government rejected Liberation Tigers of
Tamil Eelam (LTTE) leader Vellupillai Prabakaran’s call
for an “independent” Tamil Eelam as there is no other
option left for the Tamils and has enacted tougher
anti-terror laws.<More>
Chávez Wins a Polarized Nation
(December 07, 2006)
In yet another irritant for globalization
enthusiasts, Venezuelan President Hugo
Chávez won the presidential election by a
landslide for the 3rd time based on a strong
economy and blatant anti-Americanism and
global economy he calls “socialist
revolution.”<More>
Coup in Fiji
(December 06, 2006)
The military commander of Fiji overthrew the
elected Government, declared a state of
emergency, and installed a new prime
minister and police chief claiming to
prevent legislation that favored indigenous
Fijians over naturalized and native Indians.<More>
Jordan King Visit
(December 05, 2006)
King Abdullah II visited India on a three
day state visit and both nations used the
visit to boost ties by signing four
agreements to promote and protect
investments, cooperate in agriculture,
conduct exchange programs, and increase
tourism.<More>
Hu’s Visit to India
(December 04, 2006)
India categorized Chinese President Hu Jintao as “an
important step forward” to develop “cooperative
framework of engagement” but acknowledged “outstanding
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