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Posts Tagged ‘India’

U.S. wants to use India in missile shield against Russia, China

April 5, 2011 Comments off

thehindu.com


The United States has been trying to rope in India for its plans to build a global missile defence system threatening Russia and China, the Komsomoloskaya Pravda, a popular Russian daily published from Moscow reported on Thursday.

In a story based on the WikiLeaks releases, the report said the U.S. has not only been planning to deploy a missile shield against Russia in Europe, but had also been negotiating with countries along Russia’s borders, such as Japan and India, to jointly build missile defences that would also target Russia.

“The noose [around Russia] is tightening,” the newspaper said. “Thanks to WikiLeaks, it has become known that Washington has been simultaneously conducting talks with countries in other parts of the world for building U.S. missile defences on their territories. Those are different countries, but they form a chain around Russia.”

A 2007 confidential cable from the U.S. embassy in New Delhi carried by the daily refuted media reports that India had abruptly turned its back on a 2005 agreement with the U.S. to cooperate on missile defences. The cable said the Indian media had misinterpreted remarks by External Affairs Minister Pranab Mukherjee after the Russia-India-China trilateral meeting in Harbin, China, on October 24, 2007. Mr. Mukherjee had dismissed as “groundless” the idea that India was going to join a U.S.-led missile defence system.

Misconstrued

“MEA contacts confirm this did not mean India was not interested in continuing to cooperate with the U.S. on missile defence technology and that there has been no change from the current level of bilateral missile defence cooperation,” the U.S. embassy cable said.

The “MEA contacts” explained that Mr. Mukherjee’s comments were “misconstrued” by the Indian press. When Mr. Mukherjee said that “India does not take part in such military arrangements,” the officials said, he had had in mind the U.S. plan to install a missile-detection system in Europe, which his Russian and Chinese counterparts referred to in the same press interaction. Read more…

China Sees New Emerging Markets Bloc Consensus

April 4, 2011 1 comment

abcnews

An upcoming meeting of the leaders of the world’s leading emerging economies should boost consensus and cooperation among them, although members of the group have yet to decide on whether to establish a permanent secretariat, a Chinese diplomat said Saturday.

The April 14 meeting in the southern Chinese resort of Sanya will include the heads of Brazil, Russia, India, China and — for the first time — South Africa. The five make up the grouping known as the BRIC countries, whose members account for 40 percent of the world’s population and 15 percent of global trade.

Discussions in Sanya will cover trade and finance, as well as major political issues, with areas of agreement to be laid out in a final statement, Assistant Chinese Foreign Minister Wu Hailong told reporters at a briefing.

“We hope through the concerted efforts of all parties that this meeting will be an important Read more…

Census reveals that 17% of the world is Indian

April 1, 2011 1 comment

guardian

Uttar Pradesh, India
The Indian state of Uttar Pradesh has a population of 199,500,000, just under that of Britain, France and Germany combined. Photograph: David Sutherland

 

The first results from India‘s latest census – the second biggest in the world – were released on Thursday, revealing that the country has added 181 million new citizens in the last decade, making it home to 17% of the world’s population.

China remains the most populous country on the planet, with 1.34 billion, but India is closing the gap with 1.21 billion. The additional Indians found by the census are roughly equivalent to the population of Brazil, the fifth largest country in the world. One Indian state alone – Uttar Pradesh – now has a population of 199,500,000 people, just under that of Britain, France and Germany combined.

However C Chandramouli, the census commissioner, told reporters in Delhi that the new count showed Read more…

Billion-plus people to lack water in 2050: study

March 29, 2011 Comments off

(AFP)

WASHINGTON – More than one billion urban residents will face serious water shortages by 2050 as climate change worsens effects of urbanization, with Indian cities among the worst hit, a study said Monday.

The shortage threatens sanitation in some of the world’s fastest-growing cities but also poses risks for wildlife if cities pump in water from outside, said the article in the Proceedings of the National Academy of Sciences.

The study found that under current urbanization trends, by mid-century some 993 million city dwellers will live with less than 100 liters (26 gallons) each day of water each — roughly the amount that fills a personal bathtub — which authors considered the daily minimum.

Adding on the impact of climate change, an additional 100 million people will lack what they Read more…

WikiLeaks cables reveal a disturbing picture of India-U.S. relationship: Prakash Karat

March 25, 2011 Comments off

thehindu.com

T+  ·   T-

Prakash Karat

“They are a sad commentary of where Manmohan Singh and Congress leadership have landed the country”

The Communist Party of India (Marxist) said on Thursday that the WikiLeaks exposé laid bare the nature of India-U.S. relationship during the UPA and NDA regimes and revealed a disturbing picture.

“The publication and analysis of the U.S. embassy cables accessed by The Hindu through WikiLeaks is ongoing; but what has been made available so far reveals a disturbing picture… the cables are a sad and revealing commentary of where Manmohan Singh and the Congress leadership have landed the country,” general secretary Prakash Karat said an article in the latest edition of the party organ, People’s Democracy.

Washington’s reach

Commenting on the influential reach of Washington in India’s strategic affairs and foreign and economic policies, he said the U.S. had access to the bureaucracy, military, security and the intelligence system and successfully penetrated them at various levels.

Mr. Karat marks out specific areas — foreign policy, defence cooperation, security and intelligence cooperation, penetration and espionage, political influence and political corruption — where American Read more…

India says Monsanto covertly, illegally conducted GM corn trials without approval

March 24, 2011 Comments off

naturalnews.com

(NaturalNews) Recent reports out of India say that multinational biotechnology giant Monsanto has once against skirted the law by clandestinely planting its genetically-modified (GM) corn without receiving approval to do so. Nitish Kumar, chief minister of the Indian state of Bihar, recently wrote a letter to India’s environment minister Jairam Ramesh explaining the situation. Just days earlier, Ramesh had denied Monsanto permission to plant the crops at all.

When he discovered that Monsanto had schemed with India’s Genetic Engineering Approval Committee (GEAC) and the Indian Council for Agriculture Research (ICAR) to plant genetically-modified (GM) corn without official approval, Read more…

China May Match India as World’s Biggest Gold Consumer on ‘Amazing’ Demand

March 24, 2011 Comments off

bloomberg.com

Chinese consumption of gold may climb to rival that of India, the top user, as investors buy the metal as a store of value, said GFMS Ltd. and INTL FCStone.

Demand in China, the world’s second-biggest economy, almost tripled to 580 metric tons last year from 206 tons in 2001, data from the producer-funded World Gold Council show. Use in India may slump 5 percent to 26 percent this year from 963 tons in 2010, Morgan Stanley said in a report yesterday.

Bullion soared to a record $1,444.95 an ounce on March 7 and rallied 30 percent last year for a 10th annual gain as investors sought to preserve their wealth against inflation, Middle East unrest and currency debasement. Consumer prices in China climbed 4.9 percent in February from a year ago, exceeding the government’s 4 percent goal for the full year.

“The level of interest in gold as an asset class is just amazing,” Jeffrey Rhodes, global head of precious metals with INTL FCStone in Dubai, said in an interview. “There is potential for China to Read more…

A global energy war looms

March 23, 2011 Comments off

telegraph

Here’s an alarming chart to ponder. HSBC has calculated what would happen to energy consumption by 2050 given plausible forecasts for economic growth and assuming no constraint on resources, or that humans carry on using energy in the “taken for granted” way they do at the moment.

 

As you can see, demand in China, India and other emerging markets soars, but there is also quite considerable growth from advanced economies too. The big picture is that with an additional one billion cars on the road, demand for oil would grow 110pc to more than 190 million barrels per day. Total demand for energy would rise by a similar order of magnitude, doubling the Read more…

Is China Backing Indian Insurgents?

March 23, 2011 Comments off

the-diplomat.com

The arrest in January of a Chinese spy who allegedly met insurgents in the northeast of the country suggests a broader effort to destabilize India.

On January 25, 2011, Wang Qing, a Chinese spy disguised as a TV reporter, was arrested and deported after she reportedly visited the headquarters of the National Socialist Council of Nagalim (Isak-Muivah) or NSCN-IM—one of India’s largest and most troublesome insurgent groups. Indian authorities said Qing admitted to being a spy for the People’s Security Bureau, a Chinese intelligence agency, and that she had conducted a secretive four-hour-long, closed-door meeting with Thuingaleng Muivah, a key rebel leader of the NSCN-IM who is currently holding reconciliation talks with the Indian government. The rebel group, however, insisted that it was holding talks with the Indian Government in good faith and that it has had Read more…

Pimco Buying Emerging Market ‘Rising Stars’ as Inflation Looms

March 22, 2011 Comments off

www.businessweek.com

March 21 (Bloomberg) — Pacific Investment Management Co. says investors should buy company debt in Russia, Brazil and other emerging markets where rising wages and relatively low public and private debt will help borrowers weather accelerating inflation.

The manager of the world’s biggest bond fund is buying debt of “rising stars” linked to nations with expanding wealth because they will more easily be able to pass on higher materials costs, Mark Kiesel, Pimco’s global head of corporate bond portfolio management, wrote in a report today on the firm’s website. At the same time, he’s avoiding companies dependent on growth in Europe, the U.S. and Japan that will struggle amid stagnant wages and debt-laden governments and consumers.

“Companies which are tied most directly into the strong economic growth engine in the emerging markets should have the most pricing power and ability to either pass through rising costs or absorb them without a significant margin hit,” Kiesel wrote. Those more Read more…