India Intelligence Report
 

   News Analysis - August 8, 2006

 
  • 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. <More>

  • 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.
    <More>

  • 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.
    <More>

  • 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>

  • 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.
    <More>

  • 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>

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