What Is India News Service
Saturday, August 12, 2006


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Business and Economy
  • SAARC Concluded Amid Indo-Pak Trade Dispute
    India complained bitterly to the commerce ministers governing the South Asian Free Trade Agreement (SAFTA) that Islamabad has failed to implement key provisions of the agreement into force and not granting tariff reductions to its exports.

  • EEPC Estimates Engineering Exports at USD 23B
    The Engineering Export Promotion Council (EEPC) set an export target of $23 billion for this fiscal year up from $19.18 billion and said that the amount could even go up by another USD 1 billion from miscellaneous items.

  • Legal Jolt for Disinvestment
    Disinvestment in India, frozen for political reasons, may face further shocks with legal opinion that residual equity in public sector utilities (PSU) via a call option violated the rights of the shareholders under section 111 A of the Companies Act.

  • India-Sino Trade Slows Down
    Despite hype by the two Governments, Indo-Sino trade seems to have slowed down to a mere 28% in the 1st half of this year which is only 1/3rd of growth rates seen the last 2 years.

  • Forbes Calls “India is next Great Bull Market”
    Confirming other expert opinion, Forbes magazine says that “India has strong potential to be the next great bull market of the 21st century” clearly outpacing China as a better investment opportunity.

  • SAIL to Invest in WB
    Government-owned Steel Authority of India ltd. (SAIL) reveal plans to invest over Rs. 10,300 cores (USD 2.2 billion) in 2 integrated steel plants in West Bengal for modernization and capacity expansion with recently-merged IISCO getting the most.

  • India May Face US Ire on WTO Failure
    In response to the collapse of World Trade Organization (WTO), US Trade Representative Susan Schwab hinted that her country may end a 32-year old program of trade benefits for 13 nations, including India, as retribution for hard-nosed negotiations.

Democracy, Politics and Judiciary
  • Quota Plan in Shambles
    Reports suggest that serious differences over strategy, financial requirements, and concerns of Constitutional validity within the Government may delay the Bill for Other Backward Classes (OBC).

  • Restrictive Child Labor Bill Passed
    Through the Child Labour (Prohibition & Regulation) Act, 1986, the Government warned of prosecution and penal action for the employment of children but child labor activists criticize the legislation as inadequate that could drive children to worse situations. .

  • Natwar & Son Indicted, Implodes Under Pressure
    Justice Pathak Commission report to the Parliament clearly indicted Former Foreign Minister Natwar Singh and his son Jagat Singh for their role in recommending their family and friends in the oil-for-food scam first disclosed by Paul Volcker.

  • Women Judges to Try Rape
    A new legislation has been cleared by the Federal Cabinet that provides for rape victims to be tried by women judges, witnesses provided a protection program, and victims’ right to appeal against acquittal of the accused, and acceptance of video as evidence.

Environment, Health and Education
Terrorism, Defense, Security and Science & Technology
  • Ordnance Board Collaborates with Israeli Company
    Government-owned Ordnance Factory Board (OFB) is entering into a joint venture with an Israeli company to manufacture “cargo ammunition” (known to maim but does not kill) but raising hackles of human rights organization seeking to stop these products.

  • Naxals Attack WB IRB Camp
    In an area in {West Bengal} adjacent to {Jharkhand}, suspected Naxal terrorists attacked an Indian Reserve Battalion (IRB) camp and a heavy exchange of fire lasted for over an hour as retribution for arresting a senior local terrorist leader.

  • India Watches Bangla Elections with Interest
    Speaking at a meeting hosted by India-Bangladesh friendship organizations, Minister of State for External Affairs E. Ahamed India promised to work with any Government elected by the scheduled January 2007 elections and hoped it will be “truly free and fair.”  <More>

  • SLMM Collapses, Ceasefire Dead as Civil War Looms
    Sri Lanka moved ground troops following air force raids on a “humanitarian operation” to take control of a water reservoir in an ill-defined area but controlled by the Liberation Tigers of Tamil Eelam (LTTE) sparking the Tamils to declare the ceasefire dead.

  • Norway Initiative Fails in Lankan Water War
    The Sri Lankan Government (SLG) rejected a compromise formula worked out by Norwegian peace brokers to open a canal that has killed 425 and caused a mass exodus saying that it did not want “terrorists” to open the waterway.  <More>

  • Consultant to Fix IPI Gas Rate
    Disagreeing over the price of gas over the USD 7 billion 2100 kilometer Iran-Pakistan-India Pipeline, India, Pakistan and Iran agreed to try one last time to break the impasse by appointing an international consultant to recommend a pricing plan.  <More>

  • UNSC to Demand Iran Suspend Nuclear Enrichment
    The UN Security Council (UNSC) looked set to adopt a EU-sponsored and US-backed resolution demanding Iran “suspend all enrichment-related and reprocessing activities, including research and development” by the end of August.  <More>

  • LTTE to Stay Banned, No Lanka Intervention
    The National Security Advisor M K Narayanan said that India has no plans to lift the ban on the Liberation Tigers of Tamil Eelam (LTTE) and for “direct intervention” in peace initiatives in Sri Lanka where hostilities has escalated rapidly to civil war proportions.  <More>

  • After 48 hour Ceasefire, Air Strike Resumes
    After a 48 hour pause to allow civilians to evacuate, Israeli warplanes struck deeper in Northern-eastern Lebanon seen as a symbol of Hezbollah power while guerrillas fought pitched battles with Israeli ground forces near the border.

  • US Sanctions on Two Indian Companies
    The US government imposed sanctions on 2 Indian and 5 other companies from Russia, North Korea, and Cuba for allegedly supplying banned equipment and technology to Iran held illegal by US laws but did not say what these items were. <More>

  • Japan Keen to Expand Ties
    The Japanese Ambassador to India Yasukuni Enoki said that his country wants to expand co-operation in manufacturing technology, civil aviation, and people to people exchange and conclude the Comprehensive Economic Partnership Agreement.

  • Hezbollah Asks Arabs to Vacate Haifa
    In a clear sign of major terrorist activities to come, Hezbollah leader Sheik Hassan Nasrallah warned Israeli Arabs to leave the port city of Haifa so the guerrilla organization could attack the city unimpeded so as not to “shed” their blood.

Hot Topics
India May Face US Ire on WTO Failure
Uncheck AIDS Will Deplete Workforce
LTTE to Stay Banned, No Lanka Intervention
Hezbollah Asks Arabs to Vacate Haifa

Featured Analyses     More


Forbes Calls “India is next Great Bull Market”

Confirming other expert opinion, Forbes magazine says that “India has strong potential to be the next great bull market of the 21st century” clearly outpacing China as a better investment opportunity.


Natwar & Son Indicted, Implodes Under Pressure


Quota Plan in Shambles


Food Bill Passed as Pesticides Makeup Colas


LeT Targeting Sensitive Spots


US Congress Passes Nuke Deal

Featured Edits

India, Pakistan need to move ahead

Know what they did that summer

Attack on the idea of India


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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