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Unique Identity Number2

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Thursday, July 16, 2009

UNIVERSAL SOLDIERS DEPLOYED against A...

UNIVERSAL SOLDIERS DEPLOYED against ABORIGINAL INDIGENOUS Inida! DIVESTMENT, NILEKANI Number Game, Repression and WAR MANIA with NUCLEAR ARMAMENT BUSINESS do KILL the Masses!



Troubled Galaxy Destroyed Dreams, Chapter 286



Palash Biswas


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  1. War and Peace

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    Cornell University Southeast Asia Program. p. 27. ISBN 087727102X. .... It is all about WAR mania and Blind nationalism to justify the SWISS Bank accounts, ARMS Race and defence Deals resultant in WARS and CIVIL War! ...
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Life after the nuclear deal


Hindustan Times - ‎1 hour ago‎

After the 'happy marriage' of the George W. Bush years, which were built on the courtship of Bill Clinton in 2000, US-India relations in the Barack Obama ...








Hillary to launch 'US-India 3.


Express Buzz - ‎9 hours ago‎

On the eve of her departure, a senior State Department official made it clear that the Indo-US civil nuclear deal is on track, asserting that there is no ...








Indo-US nuke deal 'not off-track', says US


Press Trust of India - Lalit K Jha - ‎Jul 15, 2009‎

Washington, July 15 (PTI) The US today sought to allay any apprehensions over the future of the Indo-US nuclear deal, saying the landmark pact was "not ...












General Kapoor to visit US from July 20-25


Sify - ‎5 hours ago‎

The number of bilateral agreements signed between both countries in the recent past in diverse fields including the civil nuclear deal is a testimony to our ...






Nuke deal transformed Indo-US relationship: Indian Ambassador to US


Indian Express - ‎Jul 13, 2009‎

Asserting that the landmark Indo-US civilian nuclear deal has transformed the relationship between the two countries, Indian Ambassador to the US Meera ...

Embassy Row Washington Times






L'Aquila summit unfolded a different story for India: CPM


Zee News - ‎36 minutes ago‎

"This, in one stroke, declared that the promised full civilian nuclear co-operation advocated by India as the core of the Indo-US nuclear deal was simply ...












New clear setback: G8 moves to dilute N-deal


IBNLive.com - ‎Jul 12, 2009‎

US may have cast a spanner in Indo-US N-deal. ibnlive.com is on mobile now. Read news, watch videos be a Citizen Journalist. Log on to m.ibnlive.com NOW! ...






Looking beyond the nuclear deal


Hindu Business Line - ‎Jul 8, 2009‎

No international issue in India's post-Independence history evoked as much domestic and international controversy as the Indo-US Nuclear Deal concluded on ...












BJP not surprised by G8 negation


Hindu - Neena Vyas - ‎Jul 11, 2009‎

Senior BJP leader Arun Shourie, who had been articulating the party's opposition to the nuclear deal before it was sealed, said that only very recently did ...












Indo-US trade can reach $320 bn in 10 years: CII


Hindu - ‎Jun 21, 2009‎

... said that the bilateral trade between India and the US can touch 320 billion dollars in next 10 years due to the recently concluded civil nuclear deal. ...
















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  1. Introduction to India's Foreign Policy, Embassy of India ...

    The foundations of India's foreign policy were laid during the freedom movement when our leaders, even when fighting for independence, were engaged with the ...
    www.indianembassy.org/policy/Foreign_Policy/fp(intro).htm - Cached - Similar -
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  4. News results for Indian Foreign Policy


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    domain-B - 1307 related articles »
  5. [PDF]

    India's Foreign Policy (Delhi University, 19 January 2009) S.Menon

    File Format: PDF/Adobe Acrobat - View
    them, and to start saying what India's foreign policy would be. By January ... independent India's foreign policy was to enable the domestic ...
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    'Indian Foreign Policy: Challenges and Prospects' Presentation at ...

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No 'composite' talks till Pak acts on terror: PM


Times of India - ‎30 minutes ago‎

PTI 16 July 2009, 07:59pm IST
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Harry Potter: Wizards and Racism


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Los Angeles Times - Wired News - Cincinnati.com - Webster Kirkwood Times










India gets its Universal soldier









By: Anshuman G Dutta
  




 


Troops to be armed with self-injecting solutions during chemical wars; will also carry anti-cyanide drug vials

Antidotes to fight nerve damages and blisters


Remember
Jean-Claude Van Damme as the indestructible soldier armed with
self-injectable energy boosters from the Hollywood flick Universal
Soldier? Now, some parts of the thriller are ready to be replicated at
our borders.

With
the rising threat of nuclear and biological warfare in a terrorised
world, the country's defence forces are gearing up to deal with fatal
chemical attacks.

Chemical Ali

The
Defence Research and Development Organisation (DRDO) has developed two
self-injectable chemicals that will be carried by soldiers to save
themselves from chemical contamination.

"We have developed two
auto-jet injectors which will keep soldiers safe from the ill-effects
of chemicals during a war. One of the antidotes works against nerve
damages, while the other one saves a soldier from blister-causing
agents. Both can be administered by the soldier himself right in the
battlefield," said Dr W Selvamurthy, chief controller, Life Sciences,
DRDO.

These two drugs have already reached the forces and industrial partners have been roped in for their production.

Miracle dope

Another
miracle drug that is being developed can protect a person from cyanide
poisoning. "Laboratory tests have been conducted successfully and the
next step of human trials will begin shortly," Selvamurthy said.

Interestingly,
the anti-cyanide poisoning drug Alpha Ketoglutarate is banned in the
sporting world due to its performance enhancement qualities.

"Cyanide
poisoning affects human cells by cutting the oxygen supply to them.
Alpha Ketoglutarate is the only antidote against it. Animal trails have
proved its capabilities and we are hopeful it will be made available to
the defence forces very soon," said Selvamurthy.

DRDO
officials also informed the drug can help firemen, who are often
exposed to deadly fumes. "In case of a fire, the fumes are more
dangerous than the blaze. The smoke can not only hamper rescue
operations, it can kill a person as well. This medicine is an effective
antidote to fume poisoning," said a senior DRDO official, wishing
anonymity.

The drug has civil uses as well. "It can be used in cases of intentional or accidental poisoning," said the official.

Makers
The
antidotes are being prepared by Gwalior-based Defence Research and
Development Establishment (DRDE), which has applied to the Drug
Controller General of India for approval.

Taboo for some
The
anti-cyanide poisoning drug Alpha Ketoglutarate is banned in the
sporting world due to its performance enhancement qualities.

Army 2020
The
Army has envisaged a concept called Future Infantry Soldier as Combat
System that aims at enhancing the capability of infantry personnel by
adding special gadgets to the uniform. The project, which is still at
its concept stage, is expected to become a reality by 2020.

>>The uniform will have special gadgets which will help the soldier guide the fighter aircraft to the enemy target
>>Palm top data receivers attached to the uniform. The device will get charged from the uniform
>>Guns will be more lethal with under barrel rocket launchers
>>The clothing will be modified to act as an antiseptic adhesive to heal skin and bone injuries
>>Fireproof combat uniform to protect the soldier in the battlefield
>>Uniform will have special communication devices attached to it for better coordination between troops

Suit to live
DRDO
has incorporated vials of these miracle drugs in the
Nuclear-Chemical-Biological (NBC) suit that will be worn by our
soldiers in the near future. The suit is the primary protection layer
against chemical contamination and special tests are being carried out
to equip it with life-saving mechanisms. "This is not mere clothing but
can carry several life-saving medicines and gadgets that can save lives
during a war," said a DRDO official.

http://www.mid-day.com/news/2009/jul/100709-New-army-uniforms-new-technology-self-injecting-solutions-anti-cyanide-drug-vials-Delhi.htm

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Universal Soldier: The Return (1999) More at IMDbPro »


































Universal Soldier



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[edit] See also



Universal Soldier (1992 film)



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Universal Soldier


Theatrical release poster
Directed byRoland Emmerich
Produced byMario Kassar

Allen Shapiro
Written byRichard Rothstein

Christopher Leitch

Dean Devlin
StarringJean-Claude Van Damme

Dolph Lundgren

Ally Walker

Ed O'Ross
CinematographyKarl Walter Lindenlaub
Editing byMichael J. Duthie
Distributed byTriStar Pictures
Release date(s)July 10, 1992
Running time102 min.
LanguageEnglish
Budget$23,000,000

(estimated)
Followed byUniversal Soldier II: Brothers in Arms

Universal Soldier is a 1992 science fiction film, directed by Roland Emmerich, and starring Jean-Claude Van Damme and Dolph Lundgren as soldiers who kill each other in Vietnam but are reanimated in a secret Army project along with a large group of other previously dead soldiers.








Contents


[hide]





[edit] Production


The film was followed by two television movie sequels in 1998 — Universal Soldier II: Brothers in Arms and Universal Soldier III: Unfinished Business — with an all new cast.


In 1999, a theatrical sequel, Universal Soldier: The Return, ignored the television films, with only Van Damme returning from the original film.


This was the last film encoded in Cinema Digital Sound.


Deveraux's code number GR44 is a reference to director Roland Emmerich's first film Moon 44.


Most of the film was shot in Arizona. The Vietnamese jungle and village scenes were shot on a golf course in Clarkdale, Arizona. Some exterior scenes were shot on location at the Hoover Dam and Clarkdale, Arizona.


At the 1992 Cannes film festival, Van Damme and Lundgren were
involved in a verbal altercation that almost turned physical when both
men pushed each other only to be separated. On his website, Dolph
Lundgren confirmed that it was just a publicity stunt to promote the
film.


Universal Soldier is Rated R for strong graphic violence and for strong language.


The original script included a voice-over announcement that Devereaux had died several days after the end of the film.



[edit] Plot


Near the end of the United States' involvement in the Vietnam War, an American military squad receives orders to secure a village against North Vietnamese
forces. Pvt. Luc Deveraux (Jean-Claude Van Damme) comes to find the
members of his squad and various villagers dead with their ears
missing. His comrade in arms, Sgt. Andrew Scott (Dolph Lundgren) is the
cause of this, having gone murderously insane. Deveraux finds that
Scott, while holding up a string of severed ears, is also holding a
young boy and girl hostage. Deveraux tries to reason with Scott, saying
that the war is over. Scott becomes infuriated and shoots the boy in
front of him, then orders Deveraux to shoot the girl in order to prove
his loyalty.


Deveraux refuses and stops Scott from shooting the girl. The girl
attempts to escape, but Scott throws a grenade at her, killing her. Luc
and Scott shoot each other and both are killed. The next morning, a
U.S. Special Forces squad finds their bodies and the commanding officer
of the squad gives the medics orders to "bag their bodies in ice."


Jumping to modern day, terrorists have taken over the Hoover Dam
and the police agencies are ordered not to intervene or make any
attempt to rescue the hostages. Instead, the Universal Soldiers (or
"UniSols"), an elite counter terrorism unit, are called with Deveraux
(now designated "GR44") and Scott (now designated "GR13") among this
team. They apparently have been revived with no memory of their
previous lives. Deveraux has flashbacks of his previous life, including
a deleted scene in which he meets a Vietnamese bar girl at a Vietnamese
bar called "LUCKY'S".


Deveraux and Scott are sent in to dispatch several of the
terrorists, with Deveraux using efficient means, but Scott using
excessive force. Their camera feeds sent back to the command post
garners concern with the project technicians, suggesting that despite
being emotional blank slates, Scott is actually enjoying it. As the
UniSols infiltrate the area, they demonstrate their superior training
and physical abilities, as one of them (Ralf Moeller as GR74) is shown surviving close-range automatic gunfire.


After the area is secured, Deveraux begins to regain memory from his
former life after seeing two of the hostages who resemble the villagers
he tried to save back in Vietnam. Turning around, he looks upon the
face of Scott (who is also experiencing the same memory) but as a
Unisol, he doesn't say anything. This causes him to ignore radio
commands from the control team.


Back in the mobile command center, the Unisol technician team are
trying to figure out what happened at the Hoover Dam incident. They
reveal that the UniSols have enhanced healing abilities and superior
strength but also have a tendency to overheat and shut down. It is also
revealed that they are given a neural serum to keep their minds under
control and their previous memories suppressed. All of the UniSols are
then ordered to go back into their cooling units and inject themselves
with the serum. As a result of the glitch, Woodward (Leon Rippy),
one of the technicians on the project, feels it may be better to remove
Scott and Deveraux from the team until they can be further analyzed.
But Colonel Perry (Ed O'Ross), the commander in charge, tells them that the mission will proceed as planned.


TV news journalist Veronica Roberts (Ally Walker)
is attempting to get a story on the UniSol project in an attempt to be
reinstated at her job, having previously been fired while covering the
Hoover Dam incident. After speaking with representatives from the
project, she receives evasive answers. She later sneaks onto the base
with a camera to investigate the project further only to discover the
body of a damaged UniSol who appears to be fatally wounded, but is
still alive.


While attempting to escape, Deveraux and Scott are ordered to bring
her back. She escapes to the car of her cameraman, but when the Unisols
pursue, they cause the car to crash and overturn. Scott mercilessly
executes the cameraman and Deveraux again intervenes, preventing him
from shooting Roberts. They both escape in a UniSol vehicle.


After escaping, Scott mumbles to himself softly about Deveraux being
a traitor, but none of the Unisol team realize it. Colonel Perry
resolves to chase the reporter and Deveraux across country to prevent
knowledge of the UniSols from getting out, not only to the public, but
to the American government, as the nature of project is unknown by the
Pentagon.


As Deveraux and Roberts hide out and attempt to get evidence of the
UniSol program to the media, Roberts turns on the television to learn
that she is now being framed for the murder of her cameraman. As the
UniSol team is dispatched, Scott's previous personality begins to
emerge, causing him to kill innocents. As the technicians realize what
is happening, they attempt to stop him, only to be killed themselves.
Scott then takes over the rest of the UniSol team.


Deveraux and Roberts travel around as Roberts tries to dig up more information about the UniSol program. They meet Dr. Gregor (Jerry Orbach),
the originator of the program, who reveals the history of the project.
Deveraux learns more of his past and wants to go home to meet his
family in Louisiana.


After Deveraux reunites with his family, Scott tracks them down and
takes his family and Roberts hostage. A brutal fight ensues with Scott
beating Deveraux mercilessly due to the muscle enhancers he has.
Roberts manages to escape from her bonds only to be seemingly killed by
a grenade thrown by Scott. Scott continues to dominate Deveraux until
he gets a hold of the muscle enhancers Scott uses and injects himself
with one. Deveraux starts fighting back due to his new strength and
manages to impale Scott on the spikes of a hay harvester. Deveraux then
finishes Scott by starting the machine up which grinds him up. Finally,
Deveraux checks on Roberts, who survived the explosion though wounded
and the two embrace.



[edit] Casting




[edit] Alternate ending


The Special Edition DVD release features an alternate ending which
takes place shortly after Scott takes Deveraux's family and Roberts
hostage. As Deveraux grabs a shotgun in the kitchen, the front door
opens and he sees his mother before Scott shoots her to death. In the
final fight between Deveraux and Scott, Deveraux does not use Scott's
muscle enhancers. Shortly after grinding Scott to death, Deveraux is
shot by his father before Dr. Gregor and his men appear.


Dr. Gregor explains that he had Deveraux set up to get to him and
Scott, and that Deveraux was living with people posing as his parents.
He then has his men shoot down Deveraux. But before Deveraux dies,
police and Roberts' news crew arrive. The news crew douse Deveraux with
a fire extinguisher to stabilize him while Dr. Gregor and his men are
arrested. Roberts is given the microphone to cover the arrest, but she
loses all composure while on the air, dropping the microphone to
comfort Deveraux.


Several days later, Deveraux is reunited with his real parents. The
film ends with a eulogy narrated by Roberts, who explains that Deveraux
rejected all life-prolonging medications before dying a natural death.



[edit] Reception


Universal Soldier opened in theaters on July 10, 1992 where
it grossed $10,057,084 from 1916 theaters with a $5,249 per screen
average and taking the 2nd spot. From there, it made $36,299,898 in US
ticket sales, becoming a moderate hit. Overseas, it was much more
popular, mostly opening at #1, making over $65 million overseas, which
earned the film a total of $102 million worldwide, on a $23 million
budget.


Mainstream critics dismissed the movie as a Terminator 2 clone, or as a typical, mindless action film. It was poorly received by other critics, and now holds a 23% "rotten" rating at Rotten Tomatoes (2008).



[edit] External links



India gets its Universal soldier!

Troops to be armed with self-injecting solutions during chemical wars; will also carry anti-cyanide drug vials!

Antidotes to fight nerve damages and blisters
!

We know all about Nandigram, Singur, Lalgarh and Gorkhaland INSURRECTIONS in Marxist Ruled Brahaminical Manusmriti State of West Bengal and the FOLLOW Up Repression, Genocides and Operations!

How the RULING Hegemony creates a DISTURBED Area in a Peace Zone for Political Economic milage, MANGALKOT is the latest Example! It is in the HEART of West Bengal Industrial Belt Durgapur Burdawn Mraxist Base! NINE elected MLAs along with Media Persons were thrashed and injured!

What did our Marxist friends learn from recent History?

THE CPIM Spokes Piece Dainik GANOSHAKTI published the lead story:

JANO ROSHE GRAMBASEERA PETALO MLA -DER!

Means the MLAS have been the VICTIMS of Public Anger and thus, they had been LYNCHED!

We are also aware of the LYNCHING Culture in West Bengal!

Ironically the Ruling marxist hegemony rejects the Democratic Political Process and pleads for PUBLIC Anger justifying the LYNCHING culture! Thus, the GESTAPO works!

Maoists did the same thing in Lalgarh and CPIM leaders, cadres and offices were targeted!The CENTRE and the STATE, jointly with GREEN SIGNAL from Mamata Bannerjee sent forces to FLUSH out the NON Existing maoists from Lalgarh branding TWO MILLION odd TRIBAL Aboriginal Population as MAOISTS!

Let us see how MANGALKOT succeeds to avoid LALGARH Destiny!

I had talks with two eminent editors on my CELL Phone number 91993717833 Land LINE being still DEAD thanks to BSNL!

I asked our dear friend Pankaj Bisht why we do not CONCENTRATE on the ECONOMY? The DIVESTMENT, SEZ, RETAIL, DEPORTATION Drives? Why do we fail to expose the faces behind ULTIMATE Hate Campaign? Why do we fail to DETECT EXTRA CONSTITUTIONAL Elements like MONTEK, PITRODA, NILEKANI and INDI INC CEOs running the POLITY as well as the ECONOMY? Wht about the SELL OFF List and NUMBER GAME of NILEKANI to BOOST REALTY Empire deporting REFUGEES, Tribals, Underclasses and SLUM Dogs? The SECRET Plan and AGENDAS being Acomplished with SURGICAL Precision and best of our BRAINS are WASHED out!

I asked Pankajda how we may defend our SUCIDE PRONE Marxists hoping the LEAD from them in national Resistance Movement while they transform as the Best Agent of Manusmriti, apartheid, TRI IBLIS satanic Order and REPRESSION ? While the y DEVIATE from Ideology and RUN BLIND on the US Super Highway of marxist capitalism? They DISCARD the HONEST OBC leader since 1964 for a BRAHMIN CORRUPT Vijoyan?

In fact, URMILESH is the person who pushed me into the ocean of Journalism. He is from my student life of Allahabad University JNU back ground!We met seldom during last thirty years! He is a very successful journalist and has done a lot to deal with NATIONALITY problems, my greatest CONCERN! We had a common friend named GORAKH Pandey! Rajesh Rahul was also in the gang!

We remebered the OLD GOLD days and the Company! Then we discussed nationality Problems and luckily, he also agrees that the STATE Creates INSURGENCY and TERROR Network to defend the interests of the ILLUMINATI and ELIMINATE the ABORIGINAL, Indigenous and Minority communities branding them TERRORISTS and EXTREMISTS! Thus, the BOOTY is yours! Thus, the MONOPOLISTIC Aggression remains rather a CAKE Walk!


Eminent writer GIR RAJ Kishore also called me to inform that he has got my Lalgarh diary! Girarj Ji happens to be most Staunch gandhian , I ever knew! His Cell Ring Tone is: vaishnav Jan Tene Kahiye!

Gir Raj ji also admits that the Challenge is all about Democracy, Social Justice, Equality and Political Process! Maoist MENACE is the LAME EXCUSE for DISPLACEMENT and CPTURE!

We do agree so easily! We do INTERACT!

What is the RESULT?


In fact, the UNIVERSAL Soldiers AMERICANISED, as DEHUMANISED Humanoid ROBOTS have been deployed in Indian Parliamentary System, Intelligentsia, Media and ECONOMY at such a SCALE that Indigenous Aboriginal Minority Communities, the Majority Enslaved MASSES, selected tp be ETHNICALLY ELIMINATED have no SPACE for any ESCAPE ROUTE!

PRANAB, MONTEK, CHIDAMBARAM,SIBAL, KAMALNATH, NILEKANI, MURLI DEWRA and the Washington Gang led by Dr Manmohan SINGH is the first HUMANOID Ministry forming the Government of India Incorporation which systematically kills every symptom and sign of DEMOCRACY in the COUNTRY to clear decks for MASS DESTRUCTION!

They may not create WAR MANIA against Pakistan any more as the Manusmriti Hegemony is COUPLED with United States of AMERICA and India has to bear with US MILITARY Presence not only Pakistan but everywhere in Asia! DR Manmohan Singh could not go far with his single point agenda of DEALING with Pak Sponsered Terror with Pakistan. The so much so HYPED EGYPT talks ended with DELINKING TERROR so groomed for Ramp Global!The prime ministers of Pakistan and India say action on combating terrorism should not be linked to their peace talks!


To justify the DEFENCE Budget and the ARMS shopping list, the INTELLIGENTSIA and Media had to locate a POTENTIAL THREAT to Indian Nation! They succeded and it is CHINA! Every deal is justified now! Blind Nationalism Enveloped our VISION!


Remember
Jean-Claude Van Damme as the indestructible soldier armed with
self-injectable energy boosters from the Hollywood flick Universal
Soldier? Now, some parts of the thriller are ready to be replicated at
our borders.

Silvester Stallone, Arnold Schwarzennegger, Steven Segal, Bruce Lee and
Jackie Chan are the best known of the action stars but with the exception of
Chan, Van Damme is the one who seems to be still most actively in the
business. And these sorts of films are much less popular than they used to
be.

Our
MINISTERS, Parliamentarian, Policy Makers , Chief Ministers, Political
Leaders and Ideologues, Intellectuals and Media personalities, Brands
and ICONS do play as the Best ARMY of UNIVERSAL Soldiers efficient and
competent for ULTIMATE DESTRUCTION and CALMITY Unprecedented!

Jean-Claude Van Damme has been in about a film a year for 15 years now, and
has been the star performer in those films since 1985's No Retreat, No
Surrender.

That's no mean achievement and shows that this action movie star has a
market for his skills, as limited as they might be. The formula isn't Van
Damme's alone but he's certainly the most prolific of the action movie
stars.

The scenario almost invariably includes lots of hand to hand fighting, silly
women and often children who need defending. The plots are stupid and
concocted only to allow Jean-Claude to fight a lot and to show his sensitive
side as he protects the women and/or children.

The mushy bits, accompanied by appropriate music, aren't ever romantic,
Jean Claude could never manage that, but they serve to depict this action
man as being a reluctant hero. He only beats people up, firstly because he
can, but secondly because he has to.


India's government will try to raise most of its record borrowing needs
by the end of September to leave more room for private

borrowers in the second
half of the 2009/10 fiscal year, the finance secretary said on Wednesday.




Officials from the central bank and finance ministry will meet on
Thursday, a day earlier than planned, to finalise the calendar for record gross
market borrowing of 4.51 trillion rupees ($93 billion) in the 2009/10 fiscal
year (April-March).



Markets were spooked last week when the
borrowing target was raised by a quarter from 3.6 trillion rupees as the
government looks to fund a deficit now seen widening to a 16-year high of 6.8
percent of gross domestic product.



"The market certainly has appetite
today because there is lot of liquidity," Finance Secretary Ashok Chawla said.
"Therefore, we are trying to borrow more directly at this stage." Weekly auction
sizes have ranged between 120 billion and 150 billion rupees since April, and
Chawla said the size was unlikely to come down until September.



Bond
dealers say that the market was comfortable with auctions of 150 billion rupees
every week for now, as there was demand from banks for meeting their statutory
liquidity reserve requirements and liquidity conditions were easy. Chawla said
the central bank would support much of the borrowing programme by buying bonds
from the open market, as it has already been doing, to ensure adequate funds in
the market.



The government's heavy borrowing needs have raised
concerns that private borrowers could be crowded out of the market, as federal
debt soaks up investors cash, and delay expansion plans. Helping soothe nerves,
the finance minister has said authorities might take more steps to make cheaper
and adequate funds available to the private sector. "We are conscious of the
fact as economy revives, which we hope it will in the next three months or so,
there will be demand for more borrowing by other players," Chawla said.




With government borrowing concentrated in the first half of 2009/10,
Chawla said conditions for private borrowers should improve from October.
Earlier, Chawla told Reuters various ministries had been asked to submit
proposals on stake sales in state-run firms by end of July so that the public
offerings could be started. The cash-strapped government is banking on stake
sales and auction of third generation wireless spectrum (3G) to help fill the
budget gap.


The government's borrowing from the market in the 2009/10 fiscal year
will be conducted in a non-disruptive manner, Reserve Bank of

India Deputy
Governor Shyamala Gopinath said on Thursday.



She was responding to
questions from reporters before attending a meeting to revise the borrowing
schedule for the first-half of the fiscal year that began April
1.



The updated budget,
announced earlier this month, raised the target to 4.51 trillion rupees ($93
billion) for 2009/10 from 3.62 trillion rupees announced in the interim budget
in February.


Economic Times reports:

The government will come up with a road map for the sale of its stake in
public sector companies by mid-August, finance secretary
Ashok Chawla
said.



He also said the finance ministry and the Reserve Bank of India
would finalise the government’s borrowing programme for the financial year
on Thursday. The government will have to raise more than Rs 4 lakh crore this
year to finance the highest fiscal deficit on record.



“We will
have a clear road map in the next three or four weeks ... The government will
retain 51%, but the roadmap for disinvestment in terms of actual companies ...
is being worked out,” he said at a Budget discussion organised by industry
body CII.



While Mr Chawla declined to give the exact amount that will
be raised through disinvestment in the current fiscal, another government
official said the road map could target raising Rs 15,000 crore in current
fiscal, depending on market conditions. The Economic Survey had recommended an
annual disinvestment target of Rs 25,000 crore.


























Also Read
 → Foreign investors return to India: Moody's
 → Foreign investors return to China and India
 → No question of diluting economic reforms: FM
 → Stimulus has started showing results: Pranab Mukherjee
 → FM allays fears on rise in interest rates after Govt borrowing
 → Disinvestment roadmap in the next 3-4 weeks: Finance Secy




The public sector firms that figure in the
road map include NHPC, Oil India and Tyre Corporation. Disinvestment in NHPC and
OIL India alone is expected to fetch about Rs 3,500 crore. The finance ministry
had, on Tuesday, held discussions with officials of some ministries to finalise
the road map.



“The ministries have been consulted. They are
going to look at what is feasible, what percentage is to go when. There is a
certain process which takes time,” he said.



Mr Chawla said the
government plans to borrow Rs 15,000 crore every week till September as part of
its effort to front load most of the current fiscal’s total borrowing of
Rs 4 lakh crore, or 40% of the total expenditure of over Rs 10 lakh crore. This
is to leave room for private sector borrowers in the second half of the fiscal
year, he said.



“As the economy revives, we hope it will in next
three months or so, there will be demands for more borrowing by other players
and therefore, we are trying to borrow more directly at this stage,” he
said.



The RBI will support the government through open market
operations to meet its funding requirements and the effort is to ensure that
private companies are able to find enough funds at the right cost. After the
interim Budget, the government and RBI had come out with an indicative calendar
for market borrowings for the first half and had pegged the requirements at Rs
2.41 lakh crore. Out of this, close to Rs 1.65 crore has already been
borrowed.



Mr Chawla said there is enough liquidity in the system and
market had good appetite which was evident from bond yields. The benchmark
10-year bond yield, which touched an all-time low of 4.86% in early January,
rose to 7.37% by mid-March, its highest since November 2008, on concerns that
the government will borrow heavily to fund economic growth. At present, the
10-year bond is hovering at 6.81%.



He also ruled out any plan to roll
back tax cuts till there is firm economic recovery.



Mr Chawla said
the government would pursue financial sector reforms that have been in the
offing. To ensure better targeting of subsidies, the government was carrying out
a systemic reappraisal to make them merit-based, he said.



US Secretary of State Hillary Clinton
US Secretary of State Hillary Clinton
U.S.
Secretary of State Hillary Clinton arrives in India Friday for a
four-day visit. India hopes the visit will demonstrate that the United
States remains committed to building on a strategic partnership
developed between the two countries under the previous Bush
administration.  

U.S. Secretary of State, Hillary Clinton will
visit India's financial hub Mumbai before heading to New Delhi on
Sunday where she will hold talks with senior Indian leaders, including
Prime Minister Manmohan Singh.    

She comes at a time when
relations between the two countries have leaped forward. The
foundations for the India-U.S. strategic partnership were laid during
the previous Bush administration, which lifted a three-decade long ban
on sale of civil nuclear technology to New Delhi, although India is not
a signatory to the nuclear non-proliferation treaty.

Bharat
Karnad, a security expert at New Delhi's Center for Policy Research
says India is hoping that the Clinton visit will demonstrate that the
Obama administration also intends to strengthen and deepen ties between
the two countries.

"This is more of an exploratory trip for both
sides," Karnad said. "Both sides are going to sound each other out, see
where there is give, where can there be a bit more take, and serious
talks and negotiations on a whole range of issues is then going to
follow."

In recent months, policy makers and analysts in New
Delhi have voiced concerns on several counts. Some worry that the Obama
administration's focus on fighting Taliban insurgents in Afghanistan
and Pakistan could take some attention away from India.  

There
are also fears that the Obama administration intends to put more
pressure on India to sign the Comprehensive Test Ban Treaty, which New
Delhi has long resisted.  

Bharat Karnad says New Delhi will be
seeking reassurance, rather than any new initiatives on such issues,
during Clinton's visit.

"They are I think a bit
apprehensive….in particular the Obama administration's emphasis on the
Comprehensive Test Ban Treaty and trying to get India generally into
the non proliferation treaty net," Karnad said. "These are concerns
that I think have led to a little bit of worry on the part of Indian
policymakers, and [they will want] to find out if U.S. policy remains
the same, or if it is not the same, how much it departs from what it
was in the time of President George W. Bush."

During the visit,
the two sides are expected to finalize two agreements. India is
expected to announce that it has set aside two sites for U.S. companies
to build nuclear power plants, clearing the way for American businesses
to get nearly $10 billion in business. The two countries are also
scheduled to sign an agreement to ensure that U.S. arms technology sold
to India is not leaked to third countries.

Naxal violence claimed 3,300 lives between 2004-08

More than 3,300 people have lost their lives in Naxal violence in ten
states during last five

years.



The annual report of the Home Ministry
for 2008-09 says the killings in 7,806 incidents of Naxal violence took place in
Chhattisgarh, Bihar, Andhra Pradesh, Jharkhand, Madhya Pradesh, Maharashtra,
Orissa, Uttar Pradesh, West Bengal and Karnataka.



The highest
casualties were in Chhattisgarh where a total of 1,250 people lost their lives
in 2,654 incidents that took place between 2004-08.



The state saw 242
deaths last year, 369 deaths in 2007 and 388 deaths in 2006, the report
said.



The Naxal violence claimed 776 lives in Jharkhand, one of the
worst affected states, in last five years. In 2008 alone, the state witnessed
207 deaths from 484 incidents of violence.



Altogether, 452 people
lost their lives in Bihar in 915 incidents which took place in the last five
years. Last year, the state saw 73 deaths in 164 incidents of Naxal violence
while in 2007, there were 67 deaths in 135 incidents of violence.


Cong calls Bengal shutdown on Friday to protest attack on legislators

The West Bengal Pradesh Congress called a 12-hour statewide shutdown on Friday
as one party supporter died and angry activists torchedbuses and obstructed
rail and road traffic Thursday in protest against the attack on their
legislators in Mongalkote in Burdwan district on Wednesday. (

Watch

)



Slogan
shouting Congress supporters took to the streets from Thursday morning and put
up blockades at almost all the major intersections of the state disrupting
public life, a day after eight party legislators sustained injuries in alleged
attacks by armed Communist Party of India-Marxist (CPI-M) cadres in Dhanyarukhi
village.



While two buses were
torched in the south Kolkata areas of Minto Park and Gariahat, two others buses
were set ablaze in Howrah district and one each in North 24 Parganas and
Murshidabad districts. Several other state-run buses and taxis were damaged as
Congress workers went on rampage with sticks, rods and bricks.




"They (Congress workers)
obstructed all major road junctions across the state for sometime," said a
police officer.



Suburban and
long distance train services of eastern and southeastern railways were affected
as trains got delayed with Congress activists blocking railway tracks.




Around afternoon, the pradesh
Congress committee held an emergency meeting, and decided to call a 12-hour
statewide shutdown against the "murderous assault" on its legislators.




"What happened Wednesday was
nothing short of medieval barbarism. We demand the suspension of the police
superintendent and district magistrate of Burdwan and restoration of democracy.
We have decided to call a shutdown from 6 a.m. to 6 p.m. Friday," state party
working president Subrata Mukherje told reporters here.




The Congress has also urged
the Trinamool Congress to support the shutdown. Earlier, Congress legislature
party leader Manas Bhuniya told reporters that a 12-hour shutdown had been
called in 12 of the 19 districts of the state Friday.




"The shutdown call has been
given by our district units spontaneously," Bhuniya said.




The party claimed that one its
supporters had died and five others injured in clashes with the police during a
12-hour shutdown Thursday in the affected Mongolkote block.




However, police and family
members of the victim said he died of cardiac arrest.




Burdwan district police
superintendent Raja Ram Sekharan said six police vehicles were set afire by the
agitators, who tried to block the way of the policemen near Burmud village. "To
disperse them we had to burst tear gas shells and resort to a baton charge".




Eight Congress legislators of
West Bengal were injured Wednesday when they were allegedly attacked by armed
Communist Party of India-Marxist (CPI-M) cadres in a village.




A 14-member Congress
delegation led by Bhuniya had entered Dhanyarukhi village in Burdwan district
around 3.10 p.m. for distributing relief to party supporters whose houses have
been burnt after the murder of CPI-M district committee member Falguni Mukherjee
when the attack took place.




Seven scribes who had gone to
the spot to cover the delegation's visit were also injured as they were
allegedly beaten up by CPI-M cadres and hit by bricks. Five of the scribes had
to be rushed to hospital.



The
area has seen trouble since Mukherjee was shot dead from point blank range by
miscreants June 16.


Give me some time, space, Nilekani's plea to media

 All set to join his new job
of rolling out identification cards for citizens, Nandan Nilekani was today
virtually hounded by the media

even as the former Infosys co-chairman pleaded
for some space saying he was yet to settle down in his task.



"Give
me some time. Give me some space," was all he said in reply to a volley of
questions by reporters on the project for which he resigned from the IT major.




Nilekani was handpicked by the government to head the ambitious
Unique Identification Authority of India (UIDAI), which would set up an online
data base with identity details of the country's citizens.



Nilekani
was almost hounded by a group of journalists at a book release function here
where Minister of State for External Affairs Shashi Tharoor was also present.




Repeatedly asked about the project, Nilekani only said that Finance
Minister Pranab Mukherjee had already said that first set of unique identity
numbers will be rolled out in 12 to 18 months.



Releasing the book
titled "Study in America: The Definite Guide for International Students",
written by Renuka Raja Rao, he said it explains complex admission procedures in
the US in a very simple way which would help those who want to study in America.
MORE PTI MPB ZMN 07162052 DELHI NNNN



Tharoor described the book as a
very thoughtful comprehensive volume which would help the students to a great
extent.



The book provides aspiring students with step-by-step advice
and information on the admission process in various universities and educational
institutions. It also guides students on the all important US visa process.




Sensitive to the specific needs of international students, the book
also shares information , anecdotes and real life examples needed to make a
transition from one culture to another.


Rs 60,000 cr needed for roads till 2012: Nath

Transport Minister Kamal
Nath today said the road and highways sector require an investment of about Rs
60,000 crore in the next three

years.



"The sector's requirements
till 2012 are pegged at atleast USD 12 billion," an official statement quoted
Nath as saying.



During a road show in Singapore organised by the
Road Transport and Highways Ministry to attract foreign investors, Nath said
that of the total 12,000 km of road to be constructed next year, 7,000 km would
be on build-operate- transfer (BOT) toll basis, while the rest would be on
annuity and EPC mode.



The Minister told the investors that "with a
traffic growth of seven per cent and vehicle growth of 12 per cent per annum,
India's road sector presents great potential for growth and private sector
participation".



Apart from the Ministry, the road show was also
organised by the ICICI Bank and JM Financial Institutional Securities.




The Ministry will organise similar road shows in Europe and the US
in the coming months.


Land acquisition challenge for road projects: Kamal Nath

Acquisition of land remains the biggest challenge in road projects
development, Road Transport and Highways Minister Kamal Nath said

here Tuesday.




"When I look at the challenges
ahead I feel that today land acquisition remains the biggest challenge for road
construction," Kamal Nath said while addressing a conclave on highways
development.



"We require land
to build roads and the land acquisition problem is the major factor behind
project delays as multiple authorities are involved," he said.




"We recognise the problem and
the ministry is working on a new strategy for land acquisition which we will
work out soon."



According to
the minister, dispute settlement and availability of long-term debt are other
areas of concern.


SEZs attract more than Rs 10,900 cr FDI in 3 years

The country's special economic zones have attracted foreign direct
investment
of over Rs 10,900 crore in the last three years,

Minister of State
for Commerce and Industry Jyotiraditya Scindia said on Wednesday.




"According to the readily
available information, the total foreign direct investment in SEZs is to the
tune of Rs 10,983 crore," Scindia said in a written reply to Rajya Sabha.




He said the impact of economic
meltdown on the performance of SEZs cannot generally be ruled out.




However, export from the SEZ
during the financial year 2008-09 has been to the tune of Rs 99,689 crore
registering 50 per cent growth over the year-ago period.




Asked if the government has
resolved the issues of agitating farmers whose land was acquired for setting up
SEZs, he said, "The state governments have been advised that in case of land
acquisition for SEZs, first priority should be given for acquisition of waste
and barren land and if necessary single crop agricultural land."




Since 2006, when the SEZ Act
was notified, formal approvals were granted for setting up 568 SEZs, of which
315 have been notified.


Have enough cash to execute the orders in hand: Maytas Infra


Maytas Infrastructure, the
company promoted by the son of Satyam founder B Ramalinga Raju, today said its
cash position is comfortable

to execute the orders it has, worth Rs 8,000 crore.




"The company still has an order book of Rs 8,000 crore. These
projects should be executed over the next three years. We are confident and have
a comfortable cash position to execute the products (over that period)," a
senior official of the firm told PTI, but did not wish to be identified.




The infrastructure firm, which this month lost the Rs 12,000-crore
Hyderabad Metro Rail Project after it failed to tie up funds, said, "None of the
orders that were cancelled were on the grounds of (non-performance). They went
because the company was facing a cash-crunch."



However, things have
started improving now. The cash-starved firm got a lifeline when a consortium of
18 banks approved the corporate debt restructuring (CDR) package for it.




As part of this, Maytas will get Rs 100 crore as working capital,
besides more time to repay loans. The company will also get a Rs 200 crore non
fund-based loan, which will help it in infusing liquidity, accelerating the pace
of execution of projects.


Govt to borrow 24% more at Rs 2.99 lakh cr in H1

The government will borrow Rs 2.99 lakh crore from markets which is 24
per cent more than its earlier estimate for the first half of

the current
fiscal.



"We have already done
and announced Rs 1,89,000 crore. So, the balance is Rs 1,10,000 crore which we
are going to be doing up to September 30 in 10 tranches," RBI Deputy Governor
Shyamala Gopinath told reporters after meeting Finance Secretary Ashok Chawla
and other officials here
today.



The government had
earlier estimated borrowing to be at Rs 2.41 lakh crore for the first half of
the current fiscal.



Allaying
fears of disruption in the market due to the government's borrowing plan, she
said, "We would be managing thi
s programme in a non-disruptive
manner."



She added that "there
is ample liquidity in the system". Finance Minister Pranab Mukherjee in the
Budget


The ministry
officials said that initially the sale of bonds would be for about Rs 12,000
crore per week and would later taper off in the last few weeks of
September.



As regard to open
market operations (OMO), which is a system through which the central bank sucks
out or injects liquidity into the system against government papers, she said the
Reserve Bank would continue the operations as announced.
had raised the country's gross borrowing plan to Rs 4.51 lakh crore for
the fiscal 2009-10, thus pegging fiscal deficit at 6.8 per cent of the GDP for
the year.


Unrest in Calcutta















Calcutta, 16 July : It
was a bandh like situation in Calcutta and its adjoining district on
Thursday. Congress workers took to the streets as early as 9AM in the
morning. Armed with flags and shouting slogans their first target was
the Gariahat crossing where a group of two hundred Youth Congress
workers set a WBSTC bus on fire.


The group then moved towards the Lansdowne-Minto Park crossing where another government faced their ire.



"A group of two hundred odd people carrying Congress flags came from
the southern direction. As soon as they reached the crossing they
turned violent. They surrounded a government bus and ordered the 25 odd
passengers to disembark. They then put the bus on fire," said Gautam
Chatterjee, a private firm employee who was waiting for a taxi at the
Lansdowne-Minto Park crossing. Till 2PM the traffic in entire South
Calcutta was in a standstill position due to road blockades at Hazra
Crossing, Rashbehari Crossing, Jadubabu Bazar and Jadavpur.


Around
150 supporters of Congress put up a blockade near College square at
around 12.30 PM for an hour. After police persuasion, the group cleared
the stretch and headed towards Sealdah flyover.



Once they reached Sealdah, a group of men started throwing bricks
aiming a CTC bus but missed it. Soon, another CTC bus arrived and the
mob stopped it and rained bricks at the bus. A group of men and women
picked up the road dividers and started demolishing the bus and
smashing the windshields. Another CSTC bus which tried to race past it
was also stopped by the supporters and given similar treatment.


At
SN Banerjee road, around 2.00 PM, a group of around 100 supporters
organised a procession and burnt effigy of the Chief minister Buddhadeb
Bhattacharya outside the CMC building. Later they came to the Esplanade
crossing and blocked it for around 20 minutes and then moved towards
Rani Rashmoni Avenue.


According to police,
five buses were set ablaze and seven were damaged during the course of
today's violent protest in and around the city.


A
scuffle between the policemen and protestors took place on Belvedere
Road, in front of Bhawani Bhawan in Alipore. They even tried to enter
the premises of Bhawani Bhawan, the building that houses a number of
offices of several departments, including Criminal Investigation
Department (CID), but police resisted them.


A 12 hour state-wide bandh has been declared from 6 AM tomorrow by PCC (Pradesh Congress Committee).


http://www.telegraphindia.com/1090716/jsp/frontpage/story_112436249.jsp







US thrusts, Antony sidesteps

- Hillary to mount pressure on defence verification pact































Washington,
July 15: US secretary of state Hillary Rodham Clinton hopes to use her
charm, guile and persuasion in New Delhi on Monday to ram down the
throat of a deeply divided UPA government an end-use verification
agreement for defence supplies from America.





Defence
minister A.K. Antony is opposed to the agreement. So are sizeable
sections of India’s men in uniform in the top tiers of all the three
defence services who feel the agreement will compromise the
independence and flexibility of the country’s armed forces.





At
the time of writing, therefore, Antony has discreetly decided to stay
away from the capital and not meet Clinton or sign the agreement. But
this may yet change, according to Indian sources.





Robert
Blake, the new assistant secretary of state for South Asia, who is
travelling with Clinton to India, told reporters here today he was
hopeful that the agreement would be signed on Monday between Clinton
and the new external affairs minister, S.M. Krishna.





“I
am not saying it will definitely happen,” Blake told this reporter in
answer to a question. But it is on the table, he asserted.





Last
month, Antony resisted severe pressure from General James Jones to
clear the agreement when the US national security adviser called on the
defence minister in New Delhi.





The
pact will allow US officials to inspect any defence equipment that New
Delhi buys from Washington, long after it has been bought, to satisfy
the Pentagon that it is being used for the purpose for which it was
presumably acquired by the Indian army, navy or air force.





Antony
did not reject outright the idea that India could one day sign the
agreement, which has been under negotiation for several years, but
typically told Jones that political compulsions mandated that talks on
the pact should continue.





But
the Americans, in a hurry to sell military equipment to India, working
through their lobbies in New Delhi and Mumbai, have now decided to cut
the defence ministry out of the process and get the prime minister's
office to use the ministry of external affairs to short-cut the Indian
signature on the agreement.





Two
other defence agreements under negotiation between India and the US are
equally controversial: a logistics support agreement, which permits US
ships and aircraft to refuel in India and vice versa and a
communications interoperability and security memorandum of agreement,
which commits India to absolute confidentiality about military
equipment and processes bought from America.





Blake
said these two pacts were still under negotiation and that only the
end-use verification agreement was “on the table” for the Clinton visit.





As
a sop for signing the end-use verification agreement on Monday, Clinton
will tell the Indian side that Washington is ready to begin talks with
New Delhi on reprocessing American spent nuclear fuel in India. Blake
said the talks were most likely to begin at the end of this month.





India had notified the US on February 3 that it would like these talks, a part of the Indo-US nuclear deal, to begin soon.





The
Obama administration, which has six months to respond to the Indian
initiative, has been dragging its feet on the issue since then, but is
now clearly offering it as a quid pro quo for the military agreement
that it wants signed during the Clinton trip.

http://www.telegraphindia.com/1090716/jsp/frontpage/story_11243512.jsp

India plans to raise Rs 1,10,000 crore by Sept

16 Jul 2009, 1631 hrs IST,
ET Bureau






India
plans to raise Rs 1,10,000 crore between now and the end of September,
increasing planned borrowing for the first half of the fiscal year

by Rs 46,000
crore, central bank Deputy Governor Shyamala Gopinath said. The money will be
raised through 10 auctions, she told reporters in New Delhi.



This is in addition to
the 1,89,000 crore already raised as part of the borrowing programme scheduled
for the first half of the fiscal year, Ms Gopinath explained. The government
will unveil its new borrowing calendar later today, she said. "We will conduct
the borrowing programme in a non-disruptive manner and there is sufficient
liquidity in the market," said Ms
Gopinath.



The updated budget,
announced earlier this month, raised the target to 4,51,000 crore 3,62,000
announced in the interim budget in February.



RBI says to maintain ample liquidity

16 Jul 2009, 1949 hrs IST,
REUTERS

UMBAI: The Reserve Bank of India
(RBI) will ensure there is ample liquidity in the banking system and will keep
buying bonds from the market

through its open market operations (OMO), it said
in a statement on Thursday.



It said it would continue to buy bonds at
auctions conducted on alternate weeks through the first half of the 2009/10
fiscal year (April-March), under a programme it announced in
March



The RBI said it had bought 298.50 billion rupees ($6.1 billion)
of bonds through open market operations so far in 2009/10 versus a target of 435
billion rupees.



The Reserve Bank said it could change the amount of
the OMO and alter the frequency and auction dates as necessary.



It
said it had unwound intervention bonds worth 655 billion rupees, and redemptions
of 45 billion rupees are due before the end of September.


Paulson pressured Bank of America chief to buy Merrill Lynch

16 Jul 2009, 2133 hrs IST,
AGENCIES

WASHINGTON:
Former Treasury Secretary Henry Paulson testified on Thursday that he pressured
Bank of America Corp. last year to go through with
its plans to buy Merrill
Lynch but did not tell the bank's chief to hide potential losses from
shareholders.



Paulson
acknowledged that he warned the bank's chief executive, Kenneth Lewis, that
Lewis could lose his job if he dropped the deal. Paulson also said he pledged
government aid to the bank but declined to put that promise in writing because
the details would have been vague and would have to be disclosed publicly by the
Treasury Department.



Paulson
said negotiations were kept private to protect investors. ``We didn't want to
overly scare people and make it worse,'' Paulson told the House Oversight and
Government Reform
panel.



Paulson's testimony
comes as Congress debates whether to expand the Federal Reserve's power to
monitor large, influential institutions like Bank of
America.



Rep. Edolphus Towns,
the Democratic chairman of the House Oversight and Government Reform Committee,
said he believes Lewis squeezed money out of the government by threatening to
back out on the deal. The government ultimately gave $20 billion to the bank to
blunt losses tied to the
acquisition.



"All of this
happened against a backdrop of unchecked government power, with no transparency
or accountability,'' Towns
said.




















Also Read
 → Documents on Paulson, bankers' meeting released
 → Paulson defends financial bailout programme
 → Second half of Wall Street bailout needed: Paulson
 → Paulson: 'Orderly' auto bankruptcy might be best




In
testimony to the committee, Paulson said he told Lewis last year that reneging
on his promise to purchase Merrill Lynch would show a ``colossal lack of
judgment.''



Paulson said that
``under such circumstances,'' the Federal Reserve would be justified in removing
management at the bank.



``By
referring to the Federal Reserve's supervisory powers, I intended to deliver a
strong message reinforcing the view that had been consistently expressed by the
Federal Reserve, as Bank of America's regulator, and shared by the Treasury,
that it would be unthinkable for Bank of America to take this destructive action
for which there was no reasonable legal basis and which would show a lack of
judgment,'' Paulson
said.



Paulson said he believed
his remarks to Lewis were
``appropriate.''



Federal
Reserve Chairman Ben Bernanke has denied threatening to oust Lewis and said he
never told anyone else to, either. But another Fed official suggested otherwise
in an e-mail obtained by House
investigators.



Jeffrey Lacker,
president of the Richmond Federal Reserve Bank, said in a December 2008 e-mail
that Bernanke had planned to make ``even more clear'' that if Bank of America
backed out on the deal, ``management is
gone.''



Paulson said Bernanke
never asked him to relay the message. But, he added, he believed he was
expressing the Fed's opinion that dropping the deal ``would raise serious
questions about the competence and judgment of Bank of America's management and
board.''


Thanks to Asia, economic crisis is rolling back: UN


The current economic
crisis is rolling back due to the significant progress made by countries in Asia
like India and China, a top UN

official said on Wednesday.



The
financial stimulus packages and reforms announced by these countries could help
in creating a more integrated and coordinated Asia and the Pacific that builds
up on collective regional strengths and resources, UN Economic and Social
Commission for Asia and the Pacific (ESCAP) Executive Secretary Noeleen Heyzer,
said.



During the course of the UN Economic and Social Council
session, which is currently taking place in Geneva, Heyzer highlighted the need
for appropriate investments in infrastructure to create economic corridors that
link less developed countries to economic centres in the region, thereby
increasing intra-regional trade.



As a result, the recovery of larger
economies like China, India and the Republic of Korea will have "greater
reciprocal positive spin offs" for their smaller neighbours, she said.




Heyzer said that her organization has responded to the crisis by
encouraging policies that include social programmes such as health coverage,
pensions, education and agricultural extension services, as well as investment
in small and medium scale enterprises.


Govt to borrow Rs 120 bn weekly: Finmin

16 Jul 2009, 1409 hrs IST,
REUTERS








NEW
DELHI: The government will initially borrow 120 billion rupees a week, which it
will taper off in the latter part of the first half of the

financial year that
began in April, a finance ministry official said.



The official, who
declined to be named, said on Thursday the borrowing in the closing weeks of
September could be 110 billion rupees or
less.



Earlier, a central bank
deputy governor said the government would borrow an additional 1.1 trillion
rupees ($22.6 billion), taking the total to 2.99 trillion between April and
September, a central bank deputy said on
Thursday.



The additional
borrowing excludes 120 billion rupees of bond sale scheduled for
Friday.


India can play a global role: Hillary Clinton









By: IANS
  


cknowledging India's emergence as a global player, US
Secretary of State Hillary Clinton says how New Delhi can "play not
just a regional role but a global one as well" would top her agenda on
her India trip.

"We believe India has a tremendous opportunity and a growing
responsibility, which they acknowledge, to play not just a regional
role but a global one as well," she said on Wednesday in a speech to
the Council on Foreign Relations.


"How they choose to define, that we will explore in-depth during the
course of our discussion," Clinton said ahead of what she described as
a 'very broad, comprehensive dialogue' with India during her five-day
visit starting on Friday.


"It's the most wide-ranging that I think has ever been put on the table between India and the United States," Clinton said.


"It has six pillars to it, one of which, of course, is foreign
policy, strategic challenges, along with, you know, other matters like
health, and education, and agriculture and the economy."


US would welcome Indian leadership and involvement in a number of difficult areas including non-proliferation, she said.


"Anybody who ever read Strobe Talbott's book, Engaging India, knows
that it's a very difficult issue. But, we want to look at new ways for
global and regional regimes on weapons of mass destruction,
particularly nuclear."


Clinton said US was also very interested in the role that India sees
for itself in the immediate area like Sri Lanka and "military and
particularly naval implications of decisions that India is making going
forward."


Washington was also interested in the economic actions that India is
taking and "what are they going to do to keep generating growth,
lifting people out of poverty," she said noting, "they weathered the
beginning of the recession better than many places."


US special envoy for climate change Todd Stern will be accompanying
her, Clinton said, to discuss issues relating to clean energy and
climate change.


India and China have understandable questions about what role they
should be expected to play in any kind of new global climate change
regime, she said. But "it is our hope that we can, through dialogue,
come up with some win-win approaches."


Clinton said she was excited about the trip and looked forward to
her meetings with Prime Minister Manmohan Singh and External Affairs
Minister SM Krishna and others in India.


"So, I think that this is an extremely rich area. I've just touched
the surface of it," she said pledging that "we're going to do
everything we can to broaden and deepen our engagement."



French first lady to sing for Mandela












By: Agencies
  




 


At his 91st birthday bash in New York,
Carla Bruni-Sarkozy will perform for the 1st time in public since
marrying the French president


Carla Bruni-Sarkozy will lead a glittering line-up of stars at a concert to mark Nelson Mandela's 91st birthday.

Bruni-Sarkozy,
a model-turned-musician, will perform for the first time in public
since marrying French President Nicolas Sarkozy at the concert at Radio
City Music Hall in Madison Square Garden on Saturday.

The
event, which also stars Stevie Wonder and soul queen Aretha Franklin,
ends a week of celebrations for the 91st birthday of the former South
African president.

"Mr Mandela is an iconic statesman whose
sacrifice and leadership has had an enormous impact on humanity," the
organisers said in a statement.

The concert aims to raise funds
for Campaign 46664, named after Mandela's former prisoner number when
he was jailed for 27 years under the South African apartheid regime
before becoming the country's first black president in 1994.

Star Power

Others who will also attend the celebrations:
Forest Whitaker
Susan Sarandon
Matt Damon
Morgan Freeman
Whoopi Goldberg
Stevie Wonder
Aretha Franklin




US hopes for Pakistani action against Mumbai attackers









By: IANS
  




 


The US hopes that greater understanding
and progress on the issue of Pakistan moving forward with prosecution
of those responsible for the Mumbai terror attacks would emerge from
the ongoing India-Pakistan dialogue.


"Obviously, we want to see greater understanding and progress,
particularly on the issue of Pakistan moving forward with prosecution
of those responsible for the Mumbai attacks," Assistant Secretary for
South Central Asian Affairs Robert O Blake told reporters on Wednesday.


And there are some indications in the Pakistani press that the
charge sheets are going to be filed as early as next week on that,
which certainly would be a positive step forward, he said in a briefing
on US Secretary of State Hillary Clinton's five-day visit to India
starting Friday.


But the US did not play any role in setting up a meeting Thursday
between Prime Minister Manmohan Singh and Pakistan premier Syed Yousuf
Raza Gilani, Blake said. "I mean, this was set up entirely between the
two countries. And as I said earlier, it's a continuation of some of
the previous contacts they have already had."


Referring to earlier meetings between Manmohan Singh and Pakistan
President Asif Ali Zardari as also those between other officials, Blake
said: "So I think there's already been good dialogue underway and
certainly we welcome that. And I'm sure that Pakistan will be a subject
of discussion during the meetings between Clinton and Indian
officials."


Asked if the US shared India's perception that Pakistan was still
running terrorist training camps, Blake said: "Let me just say on the
whole broad issue of terrorism that the United States has been very
encouraged by the important steps that Pakistan has taken, most notably
its operation in the Swat Valley and now more recently some of the
steps in South Waziristan.


"We think those steps have garnered the support of the Pakistani
people and that that support in turn will help provide the basis for
continued action to make sure that Pakistani soil is not used as a
platform from which terrorist attacks can be launched against any of
its neighbours."


Denying that Clinton was trying to send a signal by not going to
Pakistan and Afghanistan, Blake said: "She is not really trying to send
any signal at all. This is a trip where we're trying to focus on India
and really highlight the new strategic partnership and again, all the
people-to-people ties.


"But that doesn't mean that we attach any less importance to
Pakistan and Afghanistan. There is already extensive high-level
engagement between the United States and the leaders of both of those
countries.


"So we're not trying to send any signal at all, except at this stage
to talk about our enhanced relationship with India. And I know that the
secretary looks forward to an early opportunity to get out to both
Afghanistan and Pakistan."

 



Dismiss Mayawati govt, demand BJP, SP leaders









By: IANS
  














 Mid Day Archives
 
 


The arrest of Uttar Pradesh Congress chief
Rita Bahuguna Joshi and the attack on her house by Bahujan Samaj Party
(BSP) workers led to a demand for the dismissal of the state government
by Bharatiya Janata Party (BJP) and Samajwadi Party (SP) leaders on
Thursday.


BJP MP from Uttar Pradesh Maneka Gandhi said here: "The time has
come for the Uttar Pradesh government to be dismissed. In every single
constituency, people have been sent to jail for absolutely nothing.


"What did Rita Bahuguna Joshi say? She didn't say much and after
that she even apologised. Why can't she speak her mind? What kind of
democracy is this? President's Rule should be imposed in the state."


Speaking to the media at the main entrance of Parliament house, SP
leader Akhilesh Yadav - son of party chief Mulayam Singh Yadav -
demanded the dismissal of the Uttar Pradesh government.


Another SP leader, Rajya Sabha MP Kamal Akhtar, said: "The
administration in the state has completely collapsed. There is a
virtual dictatorship of Mayawati and therefore we demand that this
government be dismissed."


BJP leader Mukhtar Abbas Naqvi said: "We don't justify what Rita
Bahuguna Joshi had said and whatever was done by the BSP workers after
that. It's a political move to woo Dalit votes.


"Both the parties - one at the Centre and the other in the state -
are trying to divert attention from real issues like the drought-like
situation in Uttar Pradesh and price rise."


BSP workers ransacked and set fire to Joshi's home late Wednesday
night. Around the time her house was under attack, Joshi was arrested
in Ghaziabad en route to New Delhi. She was charged under the Scheduled
caste and Scheduled Tribe (Prevention of Atrocities) Act 1989, for
allegedly making derogatory remarks about Mayawati.




Bomb scare rumour at Vashi









By: Team MiDDAY
  














 Mid Day Archives
 
 


Rumours of a bomb scare  on Thursday morning near a
mall at Vashi in Navi mumbai led to the evacuation of employees in the
nearby buildings.







 
Evacuated people outside Raghuleela Mall, Vashi
Shopkeepers
and corporate offices at Raghuleela Mall and nearby offices were
evacuated after rumours spread of a bomb planted in the basement of a
building near Vashi Station.
 
Employees of IndiaGames, IBM,
Huawei , ICICI, Spanco and other companies were all evacuated and
members of the bomb disposal squad cordoned off entrances of the
buildings in the area.
 
Vishal Gondal, CEO of IndiaGames said
that there were unconfirmed reports of a bomb found in a basement.
"There were rumours of a bomb being found but nothing has been
confirmed yet."
 
Meanwhile police officials at the Navi Mumbai control lines dismissed the incident as a rumour.







Pakistani, Indian Leaders Meet at NAM Summit





16 July 2009









The prime ministers of Pakistan and India say action on combating terrorism should not be linked to their peace talks.

Pakistani PM Syed Yousuf Raza Gilani leaves his meeting with Indian PM Manmohan Singh in Egyptian Red Sea resort of Sharm el-Sheik, 16 Jl 2009
Pakistani
PM Syed Yousuf Raza Gilani leaves his meeting with Indian PM Manmohan
Singh in Egyptian Red Sea resort of Sharm el-Sheik, 16 Jl 2009
Pakistani
Prime Minister Yousuf Raza Gilani and Indian Prime Minister Manmohan
Singh issued the joint statement Thursday, after talks in Egypt aimed
at easing tensions following last year's terrorist attacks in Mumbai.

The two leaders met on the sidelines of a Non-Aligned Movement summit in Egypt's Red Sea resort of Sharm el-Sheikh.

Mr.
Gilani said Wednesday he believes his nation's relationship with India
has improved, adding that "a durable peace in South Asia is
achievable."

In his address to the summit, Mr. Gilani
cautioned that before peace can take hold, outstanding issues such as
the status of the disputed Kashmir region must be resolved.

The Non-Aligned Movement summit opened Wednesday with the theme "International Solidarity for Peace and Development."

More
than 50 heads of state are attending the conference. Many leaders there
have called for emerging powers to play a more active role in shaping
the world's economy.

The Non-Aligned Movement was formed by
developing countries that chose not to align with either the United
States or the Soviet Union in the era of Cold War politics. It held its
first summit in 1961.

Some information for this report was provided by AFP, AP and Reuters.



Govt to divest stake in 3 firms; sell Oil India IPO


IBNLive.com - ‎1 hour ago‎

The Government also plans to disinvest its stake in PSU firms through Initial Public Offerings (IPO). The IPO for Oil India will open on September 7 and ...






Pranab steps in to stop Trinamool, DMK from taking Left turn on ...


Economic Times - Aarthi Ramachandran - ‎Jul 14, 2009‎

While reiterating its opposition to disinvestment of psus, especially in the banking and insurance sectors, the party said it would talk to the FM on his ...






Road map for PSU disinvestment soon: fin secretary


Livemint - ‎Jul 15, 2009‎

... on the Union Budget, said: “My ministry has initiated discussions with other ministries and departments for identifying the psus” for disinvestment. ...






Govt to disinvest 5-10 psus in FY10: Sources


Moneycontrol.com - ‎8 hours ago‎

... presenting the Union Budget, the Finance Minister had said that disinvestment will start with stake sales in listed public sector undertakings (PSU). ...












Economics for Everyone-The Debate of disinvestment


India Infoline.com - M. Guruprasad - ‎9 hours ago‎

The party has said it will oppose any move to disinvest psus or strategic sales of profitable psus. Pre-poll ally DMK too has a track record for opposing ...












Stake sales in 3 PSUs could fetch at least Rs26,000 cr


Livemint - Siddharth Zarabi - ‎1 hour ago‎

Ltd (KIOCL) and Manganese Ore (India) Ltd. Finance secretary Ashok Chawla, who is also the secretary of the disinvestment department in the finance ministry ...






Details on disinvestment soon: FM


Business Standard - ‎Jul 14, 2009‎

"Details are being worked out and could be announced in due course," he said, adding that requirements by PSUs could be for modernisation, ...






Disinvestment in phased manner”


Hindu - Sandeep Joshi - ‎Jul 6, 2009‎

In its 2004-09 tenure, the UPA government received Rs.47901 crore from disinvestment of equity in PSUs — Rs. 4424 crore in 2004-05, Rs. 1581 crore in ...






Mamata conveys `no disinvestment' message to Pranab


Times of India - ‎Jul 9, 2009‎

The government has sought to give a positive spin to disinvestment by arguing that the public had a right to a share of PSU "wealth". ...










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German chancellor meets Russian president on economic co-op


Xinhua - ‎21 minutes ago‎

BERLIN, July 16 (Xinhua) --
German Chancellor Angela Merkel met visiting Russian President Dmitry
Medvedev near the southern German city of Munich on Thursday to discuss
the current economic crisis and other issues.








Police Shoot and Kill Man Near Capitol


New York Times - Andrea Fuller - ‎13 hours ago‎

WASHINGTON - The police shot and
killed a driver who they said pulled a gun after a routine traffic stop
near the United States Capitol on Wednesday.








Lack of helicopters 'is costing lives in Afghanistan'


Times Online - Michael Evans - ‎2 hours ago‎

The lack of helicopters
available to British troops in Afghanistan is costing lives, MPs
concluded today. A report from the Commons Defence Committee concluded
that more aircraft must be bought as a matter of urgency for the
campaign and the Government ...





Telegraph.co.uk - Bloomberg - BBC News - guardian.co.uk







Symptoms Of Alzheimer's May Come In Your 50s


ABC News - Joseph Brownstein - ‎4 hours ago‎

For people with a common genetic
variation, researchers have discovered signs of the possible onset of
Alzheimer's before a patient would be clinically diagnosed by a doctor.






Obama Eyes The Purse Strings for Medicare


Washington Post - Shailagh Murray - ‎56 minutes ago‎

At the same time President Obama
is asking members of Congress to take one of the most politically
difficult votes of their careers, he is also pressing lawmakers to give
up one of their most valued perks of office: boosting Medicare ...








84 new swine flu cases confirmed in NC


Asheville Citizen-Times - ‎18 minutes ago‎

RALEIGH - There were 84 new
cases of swine flu confirmed in North Carolina over the past week,
according to statistics from the North Carolina Division of Public
Health.





FierceBiotech - WWSB ABC 7 - The Adirondack Daily Enterprise
 - Wikipedia: 2009 flu pandemic by country






he 12 Moonwalkers: Where Are They Now?


ABC News - Mae Heussner - ‎4 hours ago‎

And it was 40 years ago today
that the first of those men blasted off into space on the missions of
their lifetimes. Apollo 11 launched from Cape Kennedy on July 16, 1969,
carrying Neil Armstrong, Michael Collins and Edwin "Buzz" ...






Apple Blocks Palm Pre's iTunes Compatibility


InformationWeek - Marin Perez - ‎2 hours ago‎

Apple had warned future versions
of its software would disable the ability of the Pre to use iTunes to
transfer and manage multimedia files.








Apple Wanted Microsoft Ads Yanked


InformationWeek - Paul McDougall - ‎18 minutes ago‎

Microsoft COO Kevin Turner
claimed that a recently launched ad campaign touting the value of
Windows PCs is so effective that lawyers from rival Apple tried to get
the spots killed.









US stimulus to show results in next 6 months: Geithner

16 Jul 2009, 2013 hrs IST,
AGENCIES









PARIS:
The US financial system is showing signs of recovery, stimulus measures are
about to have maximum impact and talk of any new action is
premature, US
Treasury Secretary Timothy Geithner said here on
Thursday.



Measures already
taken to pull the US economy out of the financial crisis would have their main
effect in the second half of this year, he
said.



So any thought of new
measures was premature, he said in remarks on the Internet site of the French
newspaper Les Echos.



The
existing "stimulus program was designed to make a contribution over a two-year
period, and the biggest impact on investment will come in the second half of
this year," he said.



He also
held that the dollar would remain the main international reserve currency,
against a background of questions about the supremacy of the dollar mainly from
China and Russia but also from
France.



The pre-eminence of the
dollar placed special responsibility on the United States in restoring
confidence in the financial system and in the reduction of deficits once
recovery was under way, he
said.



In remarks to Bloomberg
Television, he said that the US financial system was showing signs of "repair",
but he also warned against blanket state caps on traders'
pay.




















Also Read
 → Thanks to Asia, economic crisis is rolling back: UN
 → Chinese economy expands 7.9 pc in Q2 '09
 → Citi close to an agreement with US regulator: Report
 → JPMorgan's profit jumps to $2.72 bn




Geithner met French Prime
Minister Francois Fillon, and they stressed the importance of dealing with
imbalances in the global economy as it begins the pull-out of the financial
crisis, a statement here
said.



On regulation of
derivative markets, he said on the Les Echos site: "Actually, our approaches are
very similar. We need a common, global solution to these global markets, not
separate regional
solutions."



Geithner also said
in remarks to Bloomberg Television: "What we are generally seeing across the US
financial system is welcome signs of stability and
repair."



He said: "We are
moving very quickly to try to put in place comprehensive reforms of risk-taking
in the financial sector to try to make sure we put in place not just strong
protection for consumers ... but also to make sure that we have a more stable
more resilient financial system less prone to crisis."




















NUANCES IN XINJIANG












- China’s nationalism is still shaped by memories of defeat

































Back
in the eighth century, during China’s Tang dynasty, many great poets
wrote about the pain of being sent away to the far west of the empire,
whether as officials on duty, or as political exiles. Over a thousand
years later, China’s far western regions still hold an ambivalent place
in the country’s collective mind.





Over
the last few weeks, the world has been astonished to see a city in
China, a country that many think of as a highly controlled State,
erupting into riots. The response of the authorities has been swift and
decisive: armed police are patrolling the streets of Urumqi, the
capital of Xinjiang province, and thousands of ethnic Uighurs are
fleeing to the interior of the province. It’s been made clear that the
Chinese State will tolerate no opposition to its rule, and it blames
separatists or “splittists” for the trouble. But behind this story of
instant response and repression is a more complex reality.





The
events in Urumqi bear a superficial resemblance to the uprising in
Tibet in March last year. But unlike those events, the Urumqi riots
were not primarily about a desire for separation from the Chinese
State. They were about an issue that Chinese officialdom finds much
harder to deal with: racial discrimination. Officially, China is a
multicultural society with 55 different minorities. In fact, the
dominant ethnic Chinese (Han) make up around 93 per cent of the
population, and show great diversity even among themselves. In fact,
many ethnic groups do coexist quite peacefully in China. However, there
are some groups whose presence within China has been problematic
throughout history. Tibetans are one clear example. Another is the
Uighurs, a Turkic people who live mostly in the Xinjiang province on
China’s far western border.








The
Chinese State declares that Xinjiang, and its entire population, are
unequivocally Chinese citizens. Separatist activists within Xinjiang
suggest that the region ought to be independent from China. Both
positions are stark versions of a more nuanced historical reality. It’s
certainly true that Uighurs have their own language and script, and
many (though not all) do not feel culturally Chinese. However, Uighurs
live all over China, not just in Xinjiang. If you go to Beijing, it’s
easy to find areas of the city where the food, drink, and music are all
Uighur. Just as easy to find are the migrant workers from the region
who are working in the boom cities of the south. It was that
interaction that led to the riots earlier this month. Uighur migrant
workers had been brought into a toy factory in Shaoguan, a city in
Guangdong province, thousands of miles away from Xinjiang, and tensions
flared between Han Chinese and Uighur workers over work conditions. A
disturbing film appeared on YouTube which seemed to show two Uighur
workers being chased and brutally attacked by Han Chinese colleagues.





For
many Uighurs, this struck a chord. Despite the rhetoric of equality,
there is a strong feeling among many ethnic minorities in China that
they are treated as second-class citizens. The State often uses rather
clumsy ideas to celebrate ethnic diversity: a particular favourite is
the love of singing and dancing which various minority groups are
supposed to possess, the whole thing described in official propaganda
rather like an old-fashioned tourist brochure for a safari. There is
often a deeply insensitive, even deliberate attempt to bulldoze
(literally) old cultural traditions, such as the recent plan to raze
many of the traditional winding alleys in the old city in Kashgar, one
of the great cities of the Silk Road, and replace them with a Chinese
boulevard and modern office blocks. The impetus for this is largely
from the continuing Chinese obsession with technological modernization.
Although China’s Communist Party has long since ceased to believe in
social equality or revolutionary change, it has maintained its
longstanding assumption that they must show how far the country has
come by rejecting most of its past. A little is kept for the purposes
of heritage, but much of China’s history, from the alleyways of
traditional Beijing to the magnificent scenery of the Three Gorges of
the southwest, has been destroyed to make way for ever larger highways,
high-speed trains, and dams. The Uighur heritage in Xinjiang has also
been a victim of this drive for secular modernization, which remains
unsentimental about the past and people’s attachment to it. But many
Uighurs feel that what the Han Chinese do to their own culture is their
own business, but that they have no right to reshape a culture that has
thousands of years of its own history.





Ironically,
though, it’s the issues on which the State has tried to give the
Uighurs privileges over their Han compatriots that have sparked
tensions at more grassroots levels. The opening-up of China so that
labourers can move more freely has enabled poorer Uighurs to try their
luck elsewhere in China, particularly in the booming southern and
coastal regions. And ethnic minorities are given more leeway under the
country’s strict one-child policy: they can often have two or more
children. This has led to repeated clashes with poor Chinese who feel
that their Uighur fellow-citizens are getting a more favourable deal.
In truth, the conditions they are fighting over — ill-paid work in
appalling conditions in unsafe factories — are hardly something to
aspire to. But in a country with no safety net, ethnic differences
become another source of conflict for people who are fighting to rise
even a little from the bottom of society.





There’s
another aspect of the story that makes it a very 21st-century tale:
technology. The distance between Shaoguan, where the race conflict
began, and Urumqi, scene of the riots, is several thousand kilometres.
But over the past decade, China has become wired. There’s near-100 per
cent penetration for mobile phones, and although the internet is a more
middle-class preserve, it now has millions of users. It didn’t take
long for Uighur viewers in Urumqi to find out what had happened in
Shaoguan, and start their protests. The Chinese State has been relieved
that international sympathy for the Uighurs has been more muted than
that for the Tibetans last year, not least because it seems clear that
there was significant violence by Uighurs against Hans in Urumqi,
although this aspect has been publicized much more than the response of
Han violence against Uighurs. But the availability of easy
communication also raises the possibility of further race riots
somewhere else in China that the State can’t predict — as authoritarian
states go, China is much less effective than it likes to proclaim.
Technology brings its own social troubles along with greater
convenience.








In
the short term, the Chinese State will succeed in crushing protest on
the streets of Urumqi. The Uighur cause simply doesn’t have the
political traction to attract sympathy within China. But the underlying
cause won’t go away. In a sense, the Chinese government understands the
problem when it states so determinedly that the Uighurs and Xinjiang
are unalterably parts of Chinese territory. There is a perfectly valid
case that China and Central Asia are closely linked by ties of history
and culture. Even during the Tang dynasty, considered China’s greatest
period of cultural flourishing, wearing clothes and marrying spouses
from Central Asia and even India was regarded as the height of cultural
sophistication. For centuries, China has been a Eurasian power, and its
new role at the helm of the Shanghai Cooperation Organization, which
binds Beijing, Moscow, and the Central Asian states, is one nod toward
recovering that role. The Chinese government could do more to recover
that historical heritage today, and use it as a powerful argument
against separatism. But it needs to understand that the Tang flourished
because it accepted outside culture as an equal part of its own
culture. For a century and a half, China has felt on the defensive
about its identity and territory because of its experience of being
invaded by the West and then Japan. Now it is in transition to a
stronger role, but its nationalism is still shaped by memories of
defeat and humiliation. China needs to develop a sense of national
pride that is positive and fuelled by a genuine appreciation of its
status as a multicultural society.

Top
http://www.telegraphindia.com/1090716/jsp/opinion/story_11243171.jsp

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Gujarat, Andhra chosen as sites for US nuclear reactors













Days
before US Secretary of State Hillary Clinton arrives In India on her
first official visit after taking charge, India is learnt to have
firmed up a site each in Gujarat and Andhra Pradesh that will be
dedicated for the first US nuclear reactors after the nuclear deal.

While this has already been indicated to Washington, sources said, a formal announcement could happen during Clinton’s visit.

The identification
of the sites flows from a commitment India had given, through a letter
of intent under the nuclear deal, which commits India to purchase
10,000 MW from US nuclear companies and mark “at least two sites” for
this purpose.

Gujarat and Andhra Pradesh were the two states that offered sites for this and have now been approved.

On a broader level,
India and the US have agreed to restructure their interaction and
condense some 27 ongoing bilateral dialogues at various levels under
what will now be called “five pillars” of the relationship — Strategic
and Defence Cooperation, Science & Technology and Health
Innovation, Energy and Climate Change, Education and Development, and
Economic, Trade and Agriculture.





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It’s
learnt that officials from both sides have also firmed up the
Technology Safeguards Agreement which will allow India to launch
satellites built with US-origin equipment. This is expected to be
signed during the visit and is an important precursor to the Commercial
Space Launch Agreement, which has been pending for a long time.

Another crucial
agreement that is on the verge of being finalized over the next couple
of days is the End-User Verification (EUV) Agreement, which would then
permit US to sell defence products to India.

http://www.indianexpress.com/news/gujarat-andhra-chosen-as-sites-for-us-nuclear-reactors/489412/














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