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Saturday, September 09, 2006

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Business and Economy
  • IMF Asks for Financial Reform
    Visiting International Monetary Fund (IMF) Managing Director Rodrigo de Rato said that “There is a need to make the financial system more efficient” and the “structural reforms” is required for India “more capable of benefiting from world economy.”

  • Fiscal, Revenue Deficit Up Dangerously
    The Controller General of Accounts (CAG) revealed that India ’s revenue and fiscal deficit within the 1st four months amounted to 92.3% and 58.1% of the budget estimate for the entire fiscal raising questions on the nation’s ability to meet deficit targets.<More>

  • S&P Says Asian Banks Have Staying Power
    A recent report from Standard & Poor’s (S&P) Ratings Services said that a financial crisis similar to the one that affected several Asian countries’ currency values and stock markets in 1997 is unlikely and that the banking system is “in a better position.

  • Record Tea Output but Shortage Predicted
    The India Tea Association (ITA) estimated that India will continue to be the largest tea producer with 930 million kilograms (mkgs) (2 mkgs more than last year) but predicted a shortage of 27 mkgs in India due to growing domestic and international demand.

  • Govt Proposes MNC Audit
    A senior Finance Ministry official said that India is thinking of starting joint audits for multi-nationals (MNCs) operating in India and the ASEAN region to ensure that the balance sheets match those of their annual statements.<More>

  • Economic Growth Promising, SEZ Model Questioned
    In a positive sign, the Reserve Bank of India (RBI) said that “growth momentum of recent years is likely to continue during the year” but cautioned on the Special Economic Zones (SEZ) as a model for developing industries and generating jobs.

  • Israeli Drip Irrigation Technology
    horticulture department is planning to adopt Israeli drip irrigation technology (DIS) to service 124 drought-prone areas in the state and is commissioning a pilot project in 10 taluks spanning 8 districts at a cost of Rs.5 crore (USD 1.08 million).<More>

Democracy, Politics and Judiciary
  • Congress Expels Natwar’s Son
    In a major blow to Natwar Singh’s hopes of rescue by the Gandhi family, the Congress Party expelled Natwar’s son Jagat Singh even as Jagat’s friend’s petition in the Supreme Court (SC) for absolution from Justice RS Pathak Inquiry commission’s indictment

  • Disappearances on Rise in South Asia
    As nations of South Asia fight terrorism, Amnesty International (AI) says that “enforced disappearances” of people is growing and while “new patterns” are emerging from Pakistan, Nepal, and Sri Lanka

Environment, Health and Education
  • Special Education through Satellite
    The Rehabilitation Council of India (RCI) and the National Institute of Open Schooling (NIOS) have signed separate agreements with the Indian Space Research Organization (ISRO) to set-up boost distance education oriented at the disabled, parents, and trainers.<More>

  • Study Says Human Gut Hosts HIV
    A new study by researchers from the University of California revealed that the human gut hosts twice the amount of HIV virus as a person’s blood stream confirming medical suspicion that current anti-retroviral therapy alone is insufficient to cure an individual.<More>

Terrorism, Defense, Security and Science & Technology
  • Bush Strategy to Combat Terrorism
    Days before the 5th anniversary of 9/11 terrorism attack on the US , President George Bush released a document called “National Strategy for Combating Terrorism” portrayed as “unclassified version” of US approach to dealing with terrorism.<More>

  • Naxalism, Micro-Terrorism Major Security Threats
    A security review by Chief Ministers with Prime Minister Manmohan Singh found leaders worrying about increasing activities of Pakistan-sponsored and directed terrorist outfits organized into “sleeper cells” who are motivated to perform suicide attacks.<More>

  • Three Uranium Mines in Jharkhand
    The Department of Atomic Energy (DAE) is setting up 3 small uranium mines and 1 processing plant in Jharkhand near the sole uranium mine Jadugoda and is expected to become operational between 2006 and 2008.<More>

  • Special Anti-Naxal Force
    India has created special force body of 14000 personnel raised from 13 states, which would include 9000 from Central paramilitary and State police and rest ex-servicemen, to fight naxal violence and perform other internal security duties.<More>

  • New Defense Procurement Policy
    In a radical move to limit number of scandals surrounding defense policy and increase transparency, the Federal Government announced several changes to procurement policy that is expected to reduce delays and eliminate corruption during vendor selection.<More>

  • Private Nuclear Power Generation Considered
    As the Indo-US civilian nuclear deal is becoming more of a reality, there is increasing signs that the Federal Government may be considering private nuclear power operators as a viable alternative to
    double nuclear power capacities by 2030.

  • Syria Promises Embargo on Hezbollah
    UN Secretary-General Kofi Annan said that Syria has promised to adhere to the UNSC Resolution 1701 demanding an arms embargo on the Hezbollah but objected “to the presence of foreign forces along the Syrian-Lebanese border.”

  • Indo-French Missile Pact Stalled
    The much hyped Indo-French pact to allow India to produce French cruise missiles under transfer of technology from European Missile Consortium MBDA to Defense Research & Development Organization (DRDO) appeared to have stalled.

  • Confusion on Iran as Deadline Passes
    EU Foreign Ministers have cautioned against hasty decisions, including sanctions, on Iran even as the US said
    military action against Tehran “is not off the table” and some say that India ’s relations with Iran may arrest the development of Indo-US relations.<More>

  • EU Not Considering Hamas Dialogue
    Backtracking from earlier reports that the EU may consider direct contact with Hamas, a Foreign Ministers’ meeting distanced the 25 nation body from Hamas and labeled it a terror organization removing all possibilities of interaction.

Hot Topics
Pak-Taliban Peace Pact
Special Education through Satellite
Study Says Human Gut Hosts HIV
IMF Asks for Financial Reform
Syria Promises Embargo on Hezbollah
Fiscal, Revenue Deficit Up Dangerously

Featured Analyses     More

  Naxalism, Micro-Terrorism Major Security Threats

A security review by Chief Ministers with Prime Minister Manmohan Singh found leaders worrying about increasing activities of Pakistan-sponsored and directed terrorist outfits organized into “sleeper cells” who are motivated to perform suicide attacks.

  BDR Denies ULFA Presence
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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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