Archive - 2013

December 21st

LCA Tejas inducted into Indian Air Force news

India's own light combat aircraft, Tejas, achieved a major milestone with the fighter aircraft being inducted into the Indian Air Force, after it got initial operational clearance early this month.


Defence minister AK Antony handed over the `Release to Service Certificate' of the country's first indigenous light combat aircraft to the Chief of Air Staff Air Chief Marshal NAK Browne, at a function in Bengaluru, marking the fruition of a long and difficult journey of three decades.





December 5th

Will India stand up to America’s sweet coercion at Bali WTO meeting?

With the World Trade Organisation’s Bali Ministerial meeting headed for a collapse, developed countries are likely to salvage the situation by pushing through a mandate that will allow the Director General Roberto Carvalho de Azevêdo or the trade minister of Indonesia to present “clean texts for adoption”.


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Will India stand up to America’s sweet coercion at Bali WTO meeting?

With the World Trade Organisation’s Bali Ministerial meeting headed for a collapse, developed countries are likely to salvage the situation by pushing through a mandate that will allow the Director General Roberto Carvalho de Azevêdo or the trade minister of Indonesia to present “clean texts for adoption”.


1

Videos of Bali Sammelan

2. http://www.popularresistance.org/action-by-indian-social-movements-inside-wto-meeting-in-bali/

Please watch the video of protest right after the opening ceremony of 9th Ministerial Meeting of WTO at Bali. Protesters were asking government not to accept teh peace clause.

1. http://www.youtube.com/watch?v=VR9ycA3iuPc&feature=youtu.be

December 3rd

Swadeshi Jagran Manch memorandum on WTO website

Dr. Ashwani Mahajan from the Swadeshi Jagran Foundation wished to submit the following memorandum on behalf of people of India.


Dear Director General, WTO


Thanks for the letter!


Do not Buy Peace at the Cost of Import Surge.







Swadeshi Jagran Manch at Bali (Indonesia)

India’s Defense of the Poor and Hungry Does not Mean Collapsing the Bali WTO Ministerial!

2 December 2013
On the occasion of the Ninth Ministerial Meeting of the World Trade Organisation (WTO) in Bali, Indonesia, several farmers’ organisations, trade unions, mass organisations and peoples’ campaigns resolved to support the Indian Government’s position to not trade away national food security.



November 23rd

India prone to compromising its stand on food security issue at WTO

Congress led UPA government of India seems set to compromise food security of millions of Indians as indications are that the Commerce Ministry has proposed that the draft WTO ministerial decision that will give immunity from penalty only for four years for breaching the food subsidy cap, may be supported. India, which is implementing an ambitious food security plan, may finally agree to a WTO proposal that will give immunity from penalty only for four years for breaching the food subsidy cap.



September 14th

FIIs can pick up govt securities at will

In a bid to attract foreign currency into the country to prop up the rupee, market regulator Sebi relaxed norms for overseas investors in the debt category of the market. Under the new norms, FIIs will be allowed to buy government securities directly from the market, rather than from the monthly auction conducted by the regulator to allocate these papers.

Spectrum accused Shahid Balwa ‘FLED’ the country, swears CBI

Mystery shrouded the non-appearance of Swan Telecom promoter and an accused in 2G Spectrum scam, Shahid Usman Balwa after the CBI expressed apprehension that he has ‘fled’ the country.

The CBI’s submission came following Balwa’s absence during the court proceedings in which his counsel moved an application seeking exemption from personal appearance from September 2 to September 6. CBI prosecutor KK Goel opposed the plea saying they have got some information ‘otherwise’ about Balwa, which surprised many people, present in the courtroom.


September 11th

Engineering imports adding to current account burden: EEPC

Engineering export body EEPC India has said large imports of engineering goods, in addition to crude oil and gold, are exerting pressure on country’s current account.

The CAD has widened to a record high of $88 billion or 4.8 per cent of the GDP for the fiscal ended March 31, from $78.2 billion in 2011—2012, about 4.2 per cent of the GDP.

The import-export gap in the engineering items is overly negative at $17 billion (2012—13) despite the fact that engineering items are among the largest contributors to India’s total export basket, an EEPC India study said.