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 What Is India News Service Monday, February 26, 2007

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Cheney in Surprise Pak Visit

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.

Drug Control in Afghan

The Afghanistan Government has launched a renewed eradication campaign, particularly in Halmand Province which accounted for 40 per cent of 2006's opium yield of 6,725 tons, to stem an estimated USD 3 billion economic activity.

Manipur Ambush, Army on Hunt

After 40-50 heavily armed terrorists ambushed and killed 16 policemen in Manipur, security forces are combing the area to catch the perpetrators and have recovered a large cache of weapons.

* * *

Tens of Thousands of Maoists in UN Camps
U.N. officials revealed that 30,852 former Maoist rebels in Nepal registered themselves in relief camps and submitted 3,428 weapons as part of a peace process to end conflict in the Himalayan state.

EU Monitors Say 4000 Dead in Lanka
European Union cease-fire monitors project that nearly 4,000 people have been killed in the past 15 months in Sri Lanka and called on the government and rebels to adhere to the cease-fire and avoid unnecessary killing.

Long-Range Pak Missile Tested
Pakistan successfully test-fired a new version of its long-range nuclear-capable missile called Shaheen II that has a range of 1,245 miles as part of its "process of validation and technical improvement."

India Bans Nuclear Exports to Iran
Ahead of a tough message expected from the so-called permanent members of the U.N. Security Council and responding to Tehran's continue rejection of UNSC demands, India banned export of nuclear material, equipment, and technology to Iran.

Legislation on Indo-US cooperation in energy sector
A legislation on enhancing Indo-US cooperation in the energy sector, including assisting New Delhi in its effort to build a strategic oil reserve, has been introduced in the US Congress.

Myanmar Arrests Protestors
Protestors demanding better health care, education, and economic conditions were arrested on the outskirts of Yangon and state-run media warned that other protests that break the law will trigger a crackdown.


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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.

RIL gets 9,000 acres at Rs 2,200 cr for SEZ
Reliance Industries has acquired 9,000 acres of land in Haryana at Rs 2,200 crore for setting up the country's largest multi-product Special Economic Zone (SEZ).

Opportunities galore in coffee retailing
India is the most happening place for coffee retailing in the world today. Close to 5,000 coffee cafes are expected to come up in the short term in 2-5 years.

Imperatives of ushering in a second Green Revolution
Developments in coming months may provide a clear indication about the new plans needed to boost agricultural production and establish allied processing industries and cold storage facilities.

More global power cos turning to India
Nearly a decade since the fast track power projects announced in the mid-nineties, the country's power sector is again rousing interest among global power companies.

ICICI to bank on overseas corp funding
ICICI Bank has said that it will increase the share of revenue from international business to 25% to its overall business in the next 18 months.

UK's Home Retail expands in India, Ireland
Home Retail Group Plc, owner of Britain's Argos and Homebase stores said its Indian joint venture owned by Shopper's Stop Ltd and Hypercity Retail India Private Ltd would give Argos an initial foothold in the rapidly growing retail market in India.

TCS changes tack, looks at $50-100m deals
India's largest software company Tata Consultancy Services is negotiating about 5-10 IT services deals of $50-100 million each.

India poaching low skill IT jobs: UK
India is being accused of squeezing Britain's information technology industry by poaching low skill jobs and exporting managers to this country to take top posts.

India, Inc. can beat it you bet
The cost of capital for Indian companies has been on the rise due to the upward trend in interest rates.




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