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Posts Tagged ‘India’

China Could Soon Overtake India As The Biggest Gold Market In The World

February 16, 2012 Comments off

businessinsider.com

HONG KONG (AP) — China is poised to overtake India to become the world’s biggest gold market this year as rising incomes fuel demand for the precious metal and a weak rupee diminishes Indian purchases, an industry group said Thursday.The amount of gold bought in China rose 20 percent in 2011 over the year before to 770 metric tons, the World Gold Council said in its annual report. That put China behind only first-place India, where 933 metric tons were bought.

Worldwide, the amount of gold purchased rose 0.4 percent to 4,0671 metric tons worth $205.5 billion.

The council said it’s “likely that China will emerge” as the world’s largest gold market for the first time in 2012.

Rising incomes in China, which is the world’s No. 2 economy, have resulted in a surge in demand for gold jewelry and other luxury goods. China became the world’s largest market for gold jewelry in the second half of 2011 as demand rose in every quarter, the report said.

Gold bars, coins and other gold-backed products are also popular because of a lack of Read more…

India Bans Army From Using Social Networks

February 7, 2012 Comments off

breakingnewsworld.net

The contemporary soldier has to operate in a very sophisticated setting, using some of the latest technology, but many armies around the world are quite selective about which bits of technology they allow their soldiers to use.

India Bans Army From Using Social Networks indian armyOne case in point is the Indian Army which has taken the rather broad and somewhat harsh approach of banning entirely, the use of social media and social networks by its soldiers. The reason given for the wholesale ban is the typical “security safeguards” excuse, and many in the blogosphere are simply not convinced by it. Although there hasn’t been an official confirmation from the Army, sources close to the situation say that the ban is effectively immediately and will affect the 36,000 officers and 1.3 million regular soldiers that currently make up India’s armed forces.

The ban means that once you a soldier is enlisted in the Indian Army, he or she is not permitted to even have Read more…

India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned

January 23, 2012 Comments off

debka.com

Iranian oil for India

India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile’s intelligence and Iranian sources report exclusively.  Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.

By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank’s assets and the oil embargo which the European Union’s foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran’s oil exports.

The vast sums involved in these transactions are expected, furthermore, to boost the price of gold and depress the value of the dollar on world markets.
Iran’s second largest customer after China, India purchases around Read more…

Categories: GOLD, India, Iran Tags: , , , , ,

Coming to America soon “Biometric ID And The Coming Cashless Society

January 20, 2012 Comments off

National ID cards which contain your biometric information are currently being given to all of India’s 1.2 billion residents! This is an unprecedented advancement towards a big brother styled government who tracks and traces everything you do. As these Orwellion developments continue let’s fight it at every step of the way by refusing to play along. When it comes to Read more…

Water supplies may run out by 2030 in India: Study

January 12, 2012 1 comment

dnaindia.com

Palmer Drought Severity Index, which assigns positive numbers when conditions are unusually wet for a particular region, and negative numbers when conditions are unusually dry. A reading of -4 or below is considered extreme drought. Regions that are blue or green will likely be at lower risk of drought, while those in the red and purple spectrum could face more unusually extreme drought conditions. (Courtesy Wiley Interdisciplinary Reviews, redrawn by UCAR. This image is freely available for media use.

Water supplies will begin running out in critical regions where they support cities, industries and food production — including in India, China and the Middle East — by 2030 due to over-extraction of groundwater, a scientist has warned.

“The world has experienced a boom in groundwater use, more than doubling the rate of extraction between 1960 and 2000 — with usage continuing to soar up to the present,” says Craig Simmons, director of the National Centre for Groundwater Research and Training (NCGRT).

A recent satellite study has revealed falling groundwater tables in the US, India, China, Middle East and North Africa, where expanding agriculture and cities have increased water demand.

“Groundwater currently makes up about Read more…

India orders cull to tackle bird flu outbreak

September 21, 2011 Comments off

afp

Fresh bird flu outbreaks have been confirmed in two villages in West Bengal (AFP/File, Diptendu Dutta)

NEW DELHI — India has ordered the immediate culling of chickens in an eastern part of the country in a bid to contain an outbreak of bird flu.

Outbreaks were confirmed in two villages in West Bengal, which has been severely hit by the virus in previous years, a government statement said late Tuesday.

Samples tested positive for the H5 strain of avian influenza, popularly known as bird flu.

All chickens will be culled within a three kilometre (nearly two mile) radius of the focal point of the infection, the statement said, without giving numbers.

Eggs and chicken feed will Read more…

Big earthquake in Sikkim, tremors across India; 28 dead, over 100 injured

September 19, 2011 1 comment

ndtv.com

New Delhi:  At least 28 people have been killed, 16 in India, five in Nepal and seven in Tibet, and over 100 are injured after an earthquake measuring 6.8 on the Richter Scale shook Sikkim on Sunday evening. Strong tremors were also felt in parts of North and East India and parts of Bangladesh and Nepal, causing widespread panic. The epicentre of the quake is said to be just 64 kilometre North-West of Gangtok. (First Pictures)

Seven people, including two Armymen, were killed in Sikkim and 33 others received injuries there. In Bihar, a seven-year-old girl was among two dead. Latehar was one of the worst hit in India; two people died there and wide cracks were visible on houses. Roads also cracked in several places and Read more…

Categories: Earthquake, India Tags: , ,

Chinese troops land in frontier Kashmir region: report

September 15, 2011 Comments off

globalsecurity

IRNA – Islamic Republic News Agency

Srinagar, India, Sept 14, IRNA — A helicopter along with Chinese Frontier Guards has reportedly landed in a frontier region of Kashmir in what is seen by India as an offensive act and a possible case of intrusion.

Quoting sources, the CNN-IBN news channel reported on Tuesday night that Chinese helicopter landed in Chumur area near the Line of actual Control in Ladakh region of Kashmir.

The report further said that Chinese Frontier Guards who are known to have helicopters have also been seen in the area.

An unconfirmed report said two Chinese helicopters, along with seven to eight troopers on board, landed in the area and Read more…

Categories: China, India Tags: , ,

BRICS could block West’s neocolonial moves

September 5, 2011 Comments off

rt.com

Russia strongly opposes the Western approach to the situation in Syria and its stance has largely been echoed by its partners within the BRICS. Some experts believe that BRICS is the only group that can stand against the West’s hegemonic ambitions.

­“If the BRICS countries have anything to do with it, the Libyan scenario will not be put into practice in Syria,” Russian Foreign Minister Sergey Lavrov said on Sunday after a meeting with his Brazilian counterpart, Antonio Patriota.

Dr Sreeram Chaulia, a Read more…

Chinese warship confronts Indian naval ship: Report

September 2, 2011 4 comments

ibnlive.in.com

New Delhi: The Indian and Chinese navies were involved in a face-off in the disputed South China Sea. A Chinese warship confronted an Indian naval vessel as it left Vietnamese waters in July but the Indian Navy has denied the reports.

According to reports a Chinese warship, which remains unidentified, confronted India’s INS Airawat, an amphibious assault vessel, and asked the ship to identify itself and explain its presence in the South China. London-based Financial Times reported that the Indian warship was in international waters after completing a scheduled port call in Vietnam.

Government sources told CNN-IBN that the incident took place on July 22 when INS Airavat ship was 45 nautical miles from the Read more…

Categories: China, India Tags: , , ,