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Business and
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With
the historical visit of the Saudi
Arabia King Abdullah bin Abdul-Aziz
al Saud to India, the two
countries are expected to sign
three major agreements on
terrorism, trade, and investments.
The Indian Prime Minister Manmohan
Singh invited USD 150 billion
Saudi investments in
infrastructure especially in
power, telecom, airports, and
railways. India is Saudi
Arabia’s fourth largest trading
partner valued at USD 8.8 billion
in 2004. 50 joint ventures
companies operated in India and
the Saudi Government has approved
82 Indian companies to operate in
that country. Abdullah has called
for a fight against terror
“regardless of faith” and for
“as long as it takes.”
On the business side, he
wanted to move his country’s
“special relationship” India
forward so the benefits of
partnership to result in global
spin-offs. He invited Indian
investments in Information
Technology, Agriculture, Telecom,
energy, and power. Calling India
his “second home,” Abdullah
raised the quota for Indian Haj
pilgrims to 147,000 and said India
had one of the most pilgrims
visiting his country. Reliance
Industries announced that it would
invest USD 8 billion in a refinery
and petrochemical project in Saudi
Arabia.
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A
Keystone India research revealed
that the Indian economy will
surpass that of Japan in
Purchasing Power Parity (PPP)
terms in 2006. Chief Economist Dr.
William T Wilson said that the
Indian economy will cross the USD
4 trillion mark this year and will
be ranked third in the world after
the United States and China. With
an inflation-adjusted growth rate
of 7%, India is seeing
unprecedented growth in mobile
telephony, a double-digit growth
in motor vehicles, and a housing
market growth of 10-15%. Keystone
India says that the biggest hurdle
may arise from the results of
state elections, which may have an
adverse impact on coalition
Governments at the federal and
state level. India ranks 12th in
the world in absolute terms and
with a population of 1 billion, it
has one of the lowest per capital
income thereby making it one of
the poorest in the world.
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With a total foreign trade of USD 1.4 trillion, China,
the third largest trading nation
in the world, posted a record
trade surplus of USD 101.9 billion
in 2005 from USD 69.9 billion in
2004. Exports outpaced imports
28.4% to 17.6%. Foreign Direct
Investment dropped by a marginal
.5% to USD 60.3 billion. The
Chinese economy grew at 9.9% last
year with its foreign exchange
reserves at USD 818.9 billion (an
increase of USD 208.9 billion).
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Democracy,
Politics and Judiciary
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The import of the Supreme Court verdict dawned on
the nation when communist allies
and right-of-center opposition
came together to criticize the
Government for its poor management
of Bihar. The communists wanted
the Government to recall Bihar
Governor Buta Singh while the
National Democratic Alliance (NDA)
opposition called for the
resignation of the Prime Minister
and the remove of United
Progressive Alliance (UPA)
Chairperson Sonia Gandhi. The NDA
met the President Abdul Kalam and
demanded the PM’s resignation.
The Government itself was seen
fumbling on how to deal with the
verdict often mumbling an
incoherent response. Almost all
newspapers called for the
Governor’s resignation. While
most papers found fault with the
politics of the UPA, only a few
called for the PM’s resignation.
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Terrorism,
Defense and Security
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In a scathing editorial, the Washington Post has
castigated the lack of progress in
the war of terror because Pakistan
wants to be “counted as a U.S.
ally while avoiding an all-out
campaign against the Islamic
extremists in his country.”
Labeling Pakistan President Pervez
Musharraf as a “meretricious
military ruler,” the editorial
says that he “has never directed
his forces against the Pashtun
Taliban militants who use Pakistan
as a base to wage war against
American and Afghan forces across
the border.” It further said
that he “has never dismantled
the Islamic extremist groups that
carry out terrorist attacks
against India.” It also pointed
out that Musharraf “has pardoned
and protected the greatest
criminal proliferator of nuclear
weapons technology in history, A.Q.
Khan, who aided Libya, North Korea
and Iran.” Responding to the
Pakistan’s protest of CIA
bombing of Damadola to kill al
Qaeda operatives, it advises the
US Administration to “ignore”
such protests. The paper
encouraged US President George
Bush to “take every available
measure to eliminate the al Qaeda
and Taliban operations in
Pakistan. If targets can be
located, they should be attacked
-- with or without Gen.
Musharraf's cooperation.”.
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Hot Topics |
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Indo-Saudi
Arabia relationship |
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Recent
Supreme Court verdicts |
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Indo-US
relationship |
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Iran
nuclear issue |
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Peace
process in Srilanka |
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FDI
in India
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Featured
Analyses |
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The Saga of the Jemaah Islamiah |
Indonesia has continuously been
embarrassed by the terror acts of a
handful of terrorists from the
Jemaah Islamiah (JI), a group with
definite Indonesian origins and made
up mostly by members of Indonesian
nationality. |
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Will Kashmir go the way of Aceh? |
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A
Cry for Help |
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Watch
the Dragon |
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Cage
This "Tiger" |
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Dalits
in India |
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Was
Jinnah a Secularist? |
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Burying
the Howitzer? |
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Smoking
Out Smoking |
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The
French Non |
Featured Edits |
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Salute
this Republic |
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Separation
is not rocket science |
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"Statement
taken out of context": Mulford |
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Extending
the idea of India |
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Another
attempt to bring peace in Sri Lanka
|
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APHC:
Voice of Pakistan |
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Challenges
before the IIMs |
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Reject
the American fatwa |
Inscription |
South Indian Inscriptions
|
Ancient Indian
dynasties documented their
administration, significant
developments, grants, and milestones
as inscriptions in temples. The
Archaeological Survey of India (ASI)
has documented these inscriptions
from 1886.
These pages
contain inscriptions from Pallava,
Chola, Pandya, Western Chalukya,
Eastern Chalukya, Rashtrakuta,
Hoyasala, Vijayanagara, Vishnukundin,
Kakatiya, Reddi, Vaidumba, Chinda,
Eastern Ganga, Gajapathi, Kalchurya,
Qutb-Shahi of Golkonda, and Moghul,
dynasties. |
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Neighbors
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Sri
Lankan Government and the
Liberation Tigers of Tamil Eelam (LTTE)
seem to have agreed to resume
direct unconditional talks next
month in Switzerland. The
announcement, brokered by the
Norwegian Minister for
International Development, brings
some respite to spiraling violence
in the island largely blamed on
the LTTE. The violence from
December 2005 has claimed 80 the
lives security personnel. However,
the resumption of talks means a
cool down period in the island
giving the parties a chance to
focus on peace. The talks will
primarily focus on the
implementation modalities of the
ceasefire that was unilaterally
suspended by the LTTE in 2003
after six rounds of direct
dialogue. The sticking points for
the LTTE are the dismantling of
paramilitaries in the east and the
de-escalation of the high security
northern region.
Meanwhile the inflow of
refugees into Tamil Nadu from Sri
Lanka increased adding to the
40,000 refugees count.
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Ahead
of the IAEA special meeting this
week, Iran seems to have softened
its stand on the need for nuclear
enrichment within Iran. Iran has
unilaterally reopened seals at the
Nantz facility claiming that this
was research work aimed to
achieving technology for civilian
nuclear purposes. The West, armed
with revelations of Iran
clandestinely buying nuclear
weapons technology from disgraced
Pakistani nuclear scientist A.Q.
Khan, suspects that Iran is
developing a nuclear bomb.
Iran’s hard-line President’s
calls for the destruction of
Israel and the disparaging
comments about Israeli people and
the holocaust have deepened this
suspicion. The nuclear issue has
become a question of the
country’s national pride and any
attempts at coercion will only
harden Iran’s position and Iran
has not been shy of displaying
this recalcitrance. Iran
unilaterally suspended talks with
the EU-3 (Britain, France, and
Germany) and has threatened to
suspend all IAEA inspections if it
is taken to the United Nations
Security Council (UNSC). Russia
and China have been advocating
patience and diplomacy. The recent
Russian offer for a joint venture
in Russia to enrich uranium was
proposed several months ago by the
EU-3 but was dismissed by Iran.
Now, with the pressure building up
on the issue, Iran seems to be
reconsidering this proposal; the
Russians have already publicly
stated that Iran has accepted this
proposal.
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Spreading panic, hundreds of Maoist terrorists launched
multiple coordinated attacks in a
key Midwestern town bordering
India in Nepal. The terrorists
attacked banks, police stations,
prisons, police training centers,
and a Royal Nepal Army company in
Nepalgunj often referred to as the
second best fortified town after
Katmandu. Four terrorists, two
soldiers, a policeman, and a
civilian (said to be Indian) are
reported casualties in this
incident. Despite Maoist attacks
and threats and opposition
boycott, King Gnanendra plans to
hold district levels in Nepal on
Feb 8. The seven party alliance
seeking restoration of democracy
has called for a “bundh”
(shutdown) on Thursday.
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World
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India
firmly rejected United States (US)
Ambassador to India David
Mulford’s assertion that the
Indo-US Nuclear deal is linked to
how India votes in the
International Atomic Energy Agency
(IAEA) against Iran. The remarks
attributed to the Ambassador
repeated positions taken by US
Congressman Tom Lantos when he was
in India and during hearings in
the US.
Congressman Lantos’s
hard-line position was that if
India does not support the US and
the EU on blocking nuclear
research and enrichment in Iran,
the civilian nuclear deal
couldn’t be ratified in the US
Congress. The Ambassador further
argued that the Nuclear
Suppliers’ Group would also
hesitate to make a one-time
exception to India to overtly
supply civilian technology to a
non-Nuclear Proliferation Treaty
signatory. Indo-US negotiations on
the military-civilian facility
separation ran into serious
problems with the US insisting
that India include the fast
breeder reactor (FBR) programs
under IAEA supervision. The US
position is that since Japan has
agreed to include its FBR under
the IAEA, they do not see why
India should not. India has
maintained that India is a
non-signatory to the NPT and is
also a de factor nuclear weapons
state and therefore has a case
distinctly different from that of
Japan. Moreover, India was
surprised that US should raise
this issue so late in the
negotiations. The timetable
towards getting the deal through
was before the US President George
Bush visits India and this
achieving this timeline seems
impossible now. Mulford seems to
distance himself from the
statements attributed to him
saying that it has been taken out
of context.
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Over a million of the 3.5 million Palestinians voted to
elect out of 700 plus candidates
(with 80 odd women candidates)
seeking a mandate fewer than 11
political parties and as
independents for 132 Parliamentary
seats. The terrorist group, Hamas,
participated in elections for the
first time. As a pre-cursor, it
had dropped the “destruction of
Israel” from its manifesto
sparking speculation that it is
softening its stance and wanting a
diplomatic settlement. The United
States had earlier said that it
wanted Hamas, with over 33% of
popular support, to participate.
However, with opinion polls
pointing to a Hamas victory, it
balked and said it could not
recognize a Government led by
Hamas. Yaseer Arafat’s Fattah
party, badly damaged by infighting
and internal political squabbles
in the Gaza strip, may still pull
through but may need the support
of Hamas to form a Government.
Senior members of the Israeli
Cabinet met with army commanders
to discuss options in case of a
Hamas victory that it calls a
“ticking bomb.” Fattah party
leader Mahmud Abbas said it has no
qualms partnering with Hamas and
reiterated its partnership with
Israel. Although it does not
recognize the Jewish state, Hamas
said that it is willing to
negotiate indirectly with Israel
but is unwilling to give up its
weapons.
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