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Business
and Economy
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On
the eve of the much anticipated
budget, the Government economic
survey called for large
investments in agriculture,
energy, and infrastructure and
called for fiscal discipline and
economic and labor reforms.
Predicting a 2.3% growth to 209
million tons of food in
agriculture, the survey called for
a shift from the inefficient and
expensive public distribution
system procurement mechanism to
develop alternate markets to
transfer more profits to farmers.
The survey highlighted the yearly
12% power shortage costs a USD 70
billion in lost opportunity
amounting to a non-cumulative loss
of a USD 1 trillion in a decade.
Generally, economic growth if
managed has an exponential effect,
which would make the combined
anticipated losses into several
trillion USD. Noting that India
needs an investment of USD 60
billion in the next 6 years for
its infrastructure, the survey
pointed out that infrastructure
investment dipped from 6.4% to
4.5%. It said that lack of fiscal
discipline such as in re-pricing
oil and gas depletes public sector
utility cash reserves and lowers
their value making them
unattractive investments. Further,
unlike China, lack of reforms in
protective and inflexible labor
laws is affecting economic
competitiveness of Indian
industry.
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Economic
Strategy Institute President Clyde
Prestowitz said that investing in
China is only good for the short
term and the long-term payoffs
will come from investing in India.
While the Chinese economy is twice
the size of India's and is growing
faster than India, its lack of
rule of law and due process that
is allowing it to grow fast will
weigh it down in the long run. The
so-called disadvantages of India
such as a lumbering democracy lack
of central planning, and unbridled
population growth will actually
help the country in the future.
Unlike China, India has a
well-developed banking and
financial institutions and has
long history and experience of
lending based on independent
market analysis and data.
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Democracy,
Politics and Judiciary
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The
controversial Sachar Committee
sent out a fax to all district
collectors asking them to provide
information on Muslims, scheduled
class, and scheduled tribe
populations within their
jurisdiction. The Bharatiya Janata
Party alleged that this was a
"well thought of,
deep-rooted, totally divisive and
dangerous move by the Congress,
initiated to garner Muslim vote
bank." The Committee was
ostensibly chartered with
undeclared objectives to determine
the socio-economic status of
Muslims in public sector utility
companies, defense, and Government
institutions. Many political
parties question the motives of
the Government saying that if the
Government wants to study the
socio-economic levels of
communities they should evaluate
all of them and not just Muslims.
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The
controversial judgment that
involved the acquittal of Manu
Sharma and 8 others in the public
murder of Jessica Lal several
years ago turned into a national
campaign to reopen the case. There
is a serious petitioning sponsored
by a news channel that has started
asking the President to reopen the
case. Many found it appalling that
someone who had killed a woman in
public before scores of witnesses
could walk away triumphantly in a
Government-owned car. They say
that he was let off the hook
because he is the son of a former
Federal Minister. Several are
quick to fault the judge who
delivered the verdict and his
coincidental promotion to the High
Court. The Supreme Court tersely
and angrily dismissed a petition
by an advocate saying, "you
cannot override the collegiums of
High Court and the Supreme Court,
the Law Minister, the Prime
Minister, and the President."
Several Parliamentarians belonging
to all opposition and arms-length
allies of the Government have
demanded that the Government
reopen the case. While the
Government has promised to do all
it can, the sheer lack of
independent investigative bodies,
witness protection programs, and
timely justice, it is impossible
to change the verdict any more
than what has been delivered
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Environment,
Health and Education
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Another
set of charges were filed against
actor Salman Khan and 4 other
actors in a Jodhpur court for
poaching a black buck in 1998.
Khan, who has already been
convicted and sentenced in a
different poaching case, is also
facing charges of vehicular
manslaughter for driving in an
inebriated condition and running
over sidewalk sleepers. Key
witlessness and co-conspirators
have been systematically cajoled,
threatened, or motivated to back
off or not show up for hearings.
One of Khan's bodyguards has a
non-bailable warrant against him
after he did not show up for
several successive summonses.
Often, police collude with
well-known personalities or those
who wield power and influence
feigning to be unable of arresting
or producing witnesses for the
case. One of the co-accused in
this black buck poaching case is
Saif Ali Khan who is son of
'Tiger' Mansoor Ali Khan Pataudi,
a former cricketer who was also
recently arrested for poaching the
endangered species. The other
actors are all women who allegedly
encouraged or dared Khan to kill
the black buck. Actors,
cricketers, and political actors
often get a lot of latitude from
the police or law enforcement
officials; they exploit this
latitude with impunity.
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At
the end of a two-day meeting of
the Asia Pacific Advisory
Committee on Influenza (APACI),
AIIMS Department of Medicine
representative Randeep Guleria
speculated that the H5N1 virus
will die as the summer peaks.
However, he warned that it may
resurge in the winter and that a
detailed epidemiological study is
necessary to find out the reasons
for the outbreak in India. APACI
Chairman Jane Jennings said that
originally H5N1 bird flu virus
spread with trade of infected
birds in unhealthy environments
and now it is through migratory
birds. After studying the pattern
of the spreading disease in the
last few months, Guleria
speculated that the virus had come
to India from Europe. He said that
migratory birds probably carried
the disease from South East Asia
to Russia, which then spread to
Kazakhstan, Turkey, Europe, and
Nigeria. He did not explain how
the disease spread from France to
Nigeria skipping Algeria, Egypt,
the Arabian Peninsula, and
sub-Saharan Africa and showed up
in Nigeria. It is also not clear
how Southern European countries
Greece and Italy reported
incidents before France and
Germany. Jennings pointed out that
only a detailed epidemiological
study would show the pattern.
Meanwhile, the Indian Railways has
restarted its chicken dishes that
it had suspended with the
outbreak. While the poultry
industry has suffered large losses
because of the virus, maize
farmers have been collaterally
impacted as 90% of the produce in
Northern Karnataka was used in the
preparation of chicken feed.
Despite collapsing prices by over
20%, several thousands of tons of
maize have not takers.
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Editorial
: Regulate
Ship Breaking Business
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Hot
Topics
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Featured
Analyses
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National
Rural Employment Guarantee Scheme
:
Making
Panchayat Raj Institutions Effective |
The
Bill on National Rural Employment
Guarantee Scheme seeks to provide
guaranteed employment to one
member of every rural household
for at least 100 days a year for a
minimum wage of Rs.60 per day. <?xml:namespace
prefix = u1 />
Out of 260 million poor people in
the country, about 200 million
poor people are in rural areas.
People in 45% rural India do not
get work for six months in a year.
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The
Saga of the Jemaah Islamiah |
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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 |
Featured
Edits
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The
nuclear deal: what if it falls
through? |
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Crucial
question about N-deal
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Towards
Partnership |
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India
offers better returns than China
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"We
cannot accept safeguards on our
indigenous fast breeder programme"
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India
is not law-governed |
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Misplaced
Fears |
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Get
to the Truth |
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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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Terrorism,
Defense, Security and Science &
Technology
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Days
after the bold bid to attack the
largest Saudi processing facility
in Abqaiq, security forces shot
dead 5 suspected terrorists holed
up in an upscale locality of
capital Riyadh. Police said that
they tracked the terrorist down
based on surveillance camera
footage taken minutes before the
attack at Abqaiq. When the house
they were hiding in was besieged,
the occupants opened fire and the
resultant 2-hour shootout left all
residents dead. The Al Qaeda had
taken responsibility for the
incident on the facility that
processes 2/3 of Saudi exports.
Located in the majority Shia east,
Abqaiq has been described by
security strategists as "the
most spectacular target."
Although oil production has not
been affected, prices have gone up
by 10%. Security experts have
warned of more attacks on oil and
economic targets to puncture
global economic growth.
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Neighbors
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Pakistan
has been redrawing the map of
Jammu & Kashmir showing the
Pakistan Occupied Kashmir (PoK)
and the Indian state of Jammu
& Kashmir as one entity but
leaving out the Northern Areas.
Pakistani missions in Europe
started distributing a book
claiming to give information about
their country with this
controversial map. The new map
does not show the Line of Control
(LoC) and instead has a fine print
below Kashmir as "disputed
areas" and the Northern Areas
as a separate entity. Around the
time of Indian and Pakistani
independence in 1947, a British
Major handed over the Northern
Areas of Gilgit and Baltistan
illegally to Pakistan. Pakistan
has consistently tried to isolate
the two areas as distinct
entities. PoK's highest court
ordered Pakistan to hand over
administrative control of Northern
Areas to Pakistan in 1995;
Pakistan has never fulfilled that
order.
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World
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On
the eve of US President George Bush's visit to
India, Prime Minister Manmohan Singh said that
India would never place its indigenous fast
breeder reactors (FBRs) in the civil nuclear list.
He said that while India has agreed to have 65% of
total installed thermal power capacity under
International Atomic Energy Agency (IAEA) purview,
it would not affect its "credible minimum
deterrent" nuclear weapons strategy. He
asserted that only Indian can make a decision on
civilian and military separation and the decision
will be made in line with its nuclear doctrine.
Revealing details of the deal for the first time,
he said that the deal called for
"reciprocity" and pointed out that
"guarantees" made by the US on supplying
nuclear fuel to Tharapur "remains to be
fulfilled." The bone of contention between
India and the US is the inclusion of FBRs in the
nuclear deal. FBRs are strategic to India because
it may provide a way for India to use Thorium as
an alternate fuel and not only become energy
self-sufficient but could also become a net energy
exporter.
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