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 What Is India News Service Monday, March 19, 2007

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Positive Movement on NK, Many Hurdles Remain

The United States (U.S.) and North Korea (NK) seem to have resolved a dispute over $25 million of frozen funds, a key point that stopped the progress in negotiations to dismantle the NK nuclear weapons program.

China's Non-Energy Focus

Beijing promised to transform itself from a high energy consumer to sustainable development practices to reduce the 15 per cent of the world consumption rate to contribute 5.5 per cent of the global gross domestic product (GDP).

Govt Panicking on Wheat

In a series of moves that includes undue hikes in procurement price and import plans despite strong forecasted production, the government is sending messages that it is anticipating large shortages in wheat.

* * *

China's Lunar Satellite
According to the Commission of Science Technology and Industry for National Defence (COSTIND), China is apparently ready to launch its first lunar satellite in September and forms the first step in its three phase moon program.

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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.

Recent Editorials

U.S. Trade Court Dismisses Shrimp Anti-Dumping Charges
In a significant loss for U.S. charges of anti-dumping against Indian shrimp exporters, the U.S. Court of International Trade (CIT) dismissed US Bureau of Customs Border Protection (CBP) directives for bonds matching the duty as security.

Textile Exports to Double
With the abolition of the quota system in developed nations and development subsidy of Rs, 942 crore (USD 214 million), the Federal Minister of State for Textiles E V K S Elangovan estimated that the textile exports will double in the next three years.

NABARAD Bonds Worth Rs. 5000 cr
The National Bank for Agriculture and Rural Development (NABARD) plans to raise Rs. 5000 crore (USD 1.13 billion) through capital gains bonds to provide refinance to cooperative institutions for stepping up farm and rural credit.

SEZs Exports Nearly USD 5B
The Industry and Commerce Ministry has projected exports from 63 Special Economic Zones (SEZs) operational since February 2006 to be about Rs. 21,631 crore (USD 5 billion) out of an investment of Rs. 13,435 crore (USD 3 billion).

Reliance and Nova Talk JV
Reliance Industries (RIL) Group is apparently talking to USD 6.5 billion U.S. based plastics and petrochemicals major Nova Chemicals about a joint venture (JV) that would include product swaps and infrastructure sharing.

The Britannia Breakup
Collaboration between Groupe Danone and Wadia family owned Bombay Dyeing in running Britannia India and Wadia BSN is dead and the entities are breaking up these companies to settle accounts.

Heidelberg in Gujarat
World's fourth largest cement maker, German company Heidelberg Cement said that it is planning a two million ton cement plant in Gujarat to augment the 3.5 million tons it already produces in India.



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