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Media & Newspapers
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A year after her disastrous comeback attempt at the MTV Video Music Awards, Britney Spears swept the event on Sunday, winning the first three \"Moonman\" statuettes of her career....
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The Essel Group-promoted gaming company Playwin Games is hopeful of generating a turnover of around Rs 50 billion ($1.16 billion) this fiscal....
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India today said it is committed to strengthening the non-proliferation regime and will work with the international community to advance the \"common objective\"....
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I am slightly confused with Mr. Obama who was being publicized as anti outsourcing policy maker which would have been automatically an anti-India policy. Though in the times prevalent in USA at present, no President can dare to do anything against outsourcing business as every single business in developed countries will think of more of outsourcing to reduce cost pressures as a combat measure against inflation. ...
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Assam Flood situation has worsened and consequently red alert has been signaled on that, India was already battling the worst floods in bihar and now another front gets opened up. I am so sorry for our fellow citizens there. God, please have mercy on them. ...
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I think it is necessary to evoke responsibility in some misbehaved celebrities whose behaviour has harmed people in the past, as they are being looked upon as examples. I feel sorry for Mr. Nanda whose family member has served as Indian Navy Chief. It is slightly embarrassing for them to face this. ...
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dare to ask the politicians and terrorist.hmv ..ees....
In reply to:
I-T seeks more disclosures from cash card users
Posted by :
KARUNAS
Dear,
Would like to have your opinion on the both Reliance Group shares for medium to long term prospective with a special emphasis on RIL / RPL / Rel Cap / Rel Comm? 
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HOME FRONT—
* BJP to move privilege motion against PM for misleading on N-deal (NW18)
* India may clinch Nuclear Suppliers Group\'s OK for US nuclear deal today (ToI)
* Key talks over Singur issue today (ToI)
* Vijay Mandal, accused in Noida\'s Aarushi murder case, given bail (ToI)
* School in Jaipur to take back students suspended for doing puja (ToI)
* Maoists come out in support of SIMI (ToI)
* Raj Thackeray barred from addressing public rallies (The Hindu)
* Orissa tells Supreme Court won\'t allow VHP rally (HT)
* Supreme Court allows pulling down of all pre-1940 buildings in Mumbai (ToI)
==FOREIGN AFFAIRS==
* Republicans nominate Palin US vice presidential candidate (CNN)
* Syria hopes indirect talks with Israel will lead to direct ones (CNN)
* Fiscal hawk enters contest for post of Japan Prime Minister (FT)
* Thai PM Samak for referendum on whether he should stay in office (WSJ)
* Senior US military leaders say no cut in Iraq troop this year (CNN)
* US vice-president Cheney says US backs NATO membership for Georgia (CNN)
...
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* BJP to move privilege motion against PM for misleading on N-deal (NW18)
* Inflation for week to Aug 23 falls to 12.34% from 12.40% a week ago (NW18)
* Bank of England leaves bank rate unchanged at 5% (NW18)
* Finance Minister approves 17 FDI proposals worth 18.44 bln rupees (NW18)
* CPI(M)\'s Karat says PM has no option but to resign over nuke deal (NW18)
* Govt allows export of premium grade rice (BS)
* India\'s FY08 external debt up 30.4% to $221.2 bln (var)
...
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RBI warns against fictitious mails offering money. Seems so many indians are getting fooled that it would have made RBI frustated seeing that money is donated so easily to these people on internet who give greed of lottery, sudden prize and then ask to deposit a token money for that.
I have full sympathy with the RBI governor for this. ...
...
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Inflation down at 12.34%...
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If the devil lies in detail, a revealing comment by the Bush administration to US Congress shows Washington does not expect the “worst-case” clauses of the Indo-US nuclear deal to be tested as it simply does not think India will test a nuclear device any time soon.
The 26-page response to questions raised by the Congress, now posted on the US foreign affairs committee website, present a stark picture of the likely consequences if India conducts a nuclear test. But even as it outlines the possibility of the nuclear deal being called off, it provides a hint as to why this may not happen.
On whether US was bound to assist India in sourcing fuel even if the pact is terminated, the state department has explained how and why commitments on supplies will operate. It has said ceasing cooperation would be a “serious step” needing consideration of circumstances which include a nuclear “detonation” or violation of International Atomic Energy Agency (IAEA) safeguards.
It then points to why US feels such a situation would be a remote possibility with the state department noting, “Moreover, such circumstances (testing) would likely be inconsistent with the political underpinnings of the US-India initiative upon which the commitments (on fuel guarantees) in article 5.6 were based.”
The reference to “political underpinnings” clearly reflects the US assessment that the Manmohan Singh government was unlikely to test. Further, it indicates that this is the impression that US negotiators walked away with after discussions with Indian emissaries when the 123 pact was finalised. The expectation is that the serious reason for “disruption” in supplies — a nuclear test — was not very likely.
The government defence rests on the argument that fuel assurances were never intended to cover the eventuality of testing. A senior pro-deal minister said fuel assurances were clearly defined. “No one will give a green signal to testing,” he said, arguing that the 123 provisions do not guillotine US-India cooperation. There was a year-long window for negotiation over why the deal had to be called off.
Pointing out concessions were made for India despite it not being an NPT or CTBT signatory, the minister said the 123 pact included references to a “changed security environment” which would also be considered when termination of the agreement. This is seen to refer to the possibility of either China or Pakistan conducting a nuclear test in the future. Apart from this, US had not promised transfer of dual use items, reprocessing and enrichment technology at any stage.
The defence of the deal lies in the argument that it has always been known that cooperation can end if India tests. But it is also now clear that the several paragraphs in article 14 of the 123 agreement which include both nations taking into account “potential negative consequences of termination of ongoing contracts and projects” do not protect India from the deal being called off immediately. In the light of US “perspective” on the deal, several references in the 123 pact seem aimed at allowing India to claim it has retained the right to test.
-courtesy timesofindia
...
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Inflation for the week ended August 23 edged down to 12.34 per cent, from 12.4 per cent a week earlier, led by a decline in food prices. The prices of food articles down were down 0.8 per cent.
The prices of fruits and vegetables were down 2 per cent, while that of tea decreased 3 per cent.
The Commerce Secretary earlier said he expects single-digit inflation by December this year.
Echoing the secretary’s views, Daiwa Securities said it sees inflation to come down to 8 per cent by year end. Inflationary pressures would come down in near term, added Merrill Lynch.
But the Daiwa still expects further monetary tightening going ahead, expecting another 50 bps rate hike by the Reserve Bank of India.
Meanwhile, inflation for the week ended June 28 was revised to 12.03 per cent.
( NDTVPROFIT dot com )...
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* AGM of-
+ ABC INDIA.
+ ARI CONSOLIDATED.
+ ASIAN STAR CO.
+ DAI-ICHI KARKARIA.
+ DELTRON.
+ DHANUKA AGRITECH.
+ EXCEL INDUSTRIES.
+ GAIL (INDIA).
+ GOKALDAS EXPORTS.
+ HB ESTATE DEVELOPERS.
+ HBL POWER SYSTEMS.
+ HINDUSTAN SANITARY AND INDUSTRIES.
+ JAGRAN PRAKASHAN.
+ LOYAL TEXTILE MILLS.
+ MARTIN BURN.
+ NETLINK SOLUTIONS INDIA.
+ PSL.
+ SOMA TEXTILES & INDUSTRIES.
+ VIMTA LABS.
.
* BOARD MEETING of-
+ APEEGO to consider bonus share issue.
+ AURIONPRO SOLUTIONS to consider dividend.
+ DHANDAPANI FINANCE to consider approval of sale of business of the company
to Zwirn Pragati Capfin Pvt Ltd.
+ FEM CARE PHARMA to consider dividend.
+ INSUTECH INDIA to consider matters related borrowing power & delisting from
Ahmedabad, Jaipur & Kolkata.
+ IOL NETCOM to consider merger of companies in infrastructure, wireless
space and to raise funds via issue of shares, warrants, debentures on
preferntial basis.
+ MOBILE TELE COMMUNICATIONS to consider stock split.
+ OPTO CIRCUITS INDIA to consider options for raising funds for future
expansion.
+ SARTHAK GLOBAL to consider dividend.
+ SARTHAK INDUSTRIES to consider dividend.
+ TANLA SOLUTIONS to consider dividend.
+ VICTORY PROJECTS to allot share warrants to proposed allottees.
-nw18
...
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Contd..
On these three issues, It is India which has been tying itself in knots. The recollection by the external affairs minister that the moratorium is a part of the 2005 Joint Statement is a good way to begin applying the correctives. He did not say this time that India has the right to test.
The other points in the January letter of the State Department are interpretative and hypothetical. It merely assures the US Congress that matters like perpetuity of supplies, stockpiling of fuel, inspection etc will be governed by the commercial and non-proliferation interests of the United States. It is premature to begin a discussion at this stage when we have not signed the 123 Agreement as yet. Moreover, no one in India has criticised the 123 Agreement.
Every international treaty is open to interpretation and there is a machinery to deal with these problems. As long as the prime minister's assurances are embodied in the 123 Agreement, we do not need to quarrel with an internal document of the United States. The State Department is, as someone said, dancing around certain provisions of the 123 Agreement. As for reprocessing, we know well that it has to be negotiated and agreed in the future.
The publication of the State Department just before the NSG meeting may be a blessing, because it may allay some fears among the NSG countries, generated by Indian statements on testing, the Hyde Act and an unconditional waiver. China, having failed to use the proxies effectively, has now come out in the open with its opposition to the deal. The stage is now set for the NSG to take a decision and if it clears the waiver, we can go ahead with greater clarity to operationalise the deal. If not, the deal has to go to the drawing board again with all its attendant risks.
T P Sreenivasan is a former Indian ambassador to the United Nations, Vienna [Images], and a former governor for India, International Atomic Energy Agency, Vienna.
Cheers...
In reply to:
\'We have right to test, US has right to react\'
Posted by : eshers
September 04, 2008
A letter dated January 18, 2008 from Jeffrey Bergner, an Assistant Secretary (Legislative Affairs), to the late United States Congressman Tom Lantos has revealed nothing secret about the Indo-US nuclear deal. This bureaucratic note merely puts together the State Department's perceptions about the deal with a view to reassuring the United States Congress that it is doing nothing beyond the existing laws, including the Hyde Act, in signing the 123 Agreement. The existence of this note was reported earlier, except that it was treated as an internal document by the US government. It is not a 'secret Bush letter' as characterised by the media.
If anything, the document merely calls into question the contention of the Indian spokesmen that the Hyde Act is not applicable to India, that the deal does not prohibit future nuclear tests and that a clean and unconditional exemption is possible. These were always mere play on words by India, knowing fully well that the contentions were wrong.
There will be no deal if India tests, the 123 Agreement is based on the Hyde Act and there is no such thing as a clean and unconditional waiver. The letter declares these unequivocally as a clarification by the legal specialist of the State Department. This has given the opponents of the deal in India to attack the claims of the government once again.
As the Indian external affairs minister stated finally on September 3, 2008, India's moratorium on testing is part of the Joint Statement of 2005. This means exactly what the State Department letter says, viz, the 123 agreement is contingent upon the moratorium. Once the moratorium goes, the deal goes with it. This was never in doubt, as has been stated repeatedly in these columns. To say in this context that we have the right to test is irrelevant. We have the right to test even if we sign the Comprehensive Test Ban Treaty, but it will be in pursuit of supreme national interest.
Deal or no deal, any test in the future will have international consequences, not just from the United States. The sanctions under the Glenn Amendment came in 1998 when there was no nuclear deal.
Again, as stated in these columns before, it is incorrect to say that the Hyde Act does not apply to the deal. Any US government official is legally and morally bound to act within the boundaries of any Congressional legislation. India had made a judgment that the Hyde Act was not detrimental to India's interests and, therefore, actively supported it. Then why do we go out of our way to condemn it?
The onus of implementing the Hyde Act is of the US administration and it is merely claiming that it has done its job in negotiating with India. Let the administration and the US Congress fight this issue. As far as India is concerned, the 123 Agreement is suitable and that is all that we have to be concerned about.
Let us not, for God's sake, keep saying that the Hyde act is not applicable. It is not binding on India, but there can be no 123 without the Hyde Act.
The third point that the letter clarifies is that there is no such thing as a clean and unconditional waiver. The waiver is being sought against the backdrop of the Joint Declaration, which outlines the conditions of the deal, the separation plan, the Hyde act, the draft 123 Agreement and the IAEA safeguards agreement. Then what is clean and unconditional about the waiver? It will be riddled with conditions we have already accepted. The right thing to say is 'no new conditions.'
Why India insists on an unconditional waiver and provokes the Nuclear Suppliers Group is indeed a mystery. In fact, the NSG countries will impose sanctions against India if India tests again.
Source : Rediff
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