Blog Archive

Saturday, October 01, 2011

Saturday, October 1st, 2011


HEADLINES
  • ·         Modi Government arrests controversial police officer Sanjiv Bhatt
  • ·         Pakistan arrests 48 Indian fisherman
  • ·         Delhi police clueless on cash for vote trail

NATIONAL NEWS
  • ¨       Supreme court allows export of endosulfan

·         The supreme court allowed the export of endosulfan to enable manufacturers meet their contractual obligations
·         Ban on the production of the pesticide to continue
·         The court ordered the manufacturers to take enough precautions while packaging the pesticide and also asked the customs, insecticide board to monitor the packaging and transport

  • ¨       Cabinet approves bill to share mining profit

·         The cabinet approved the landmark mines and mineral development bill(MMDR) that provides for the mining companies to keep aside 26% of the profit to mining development fund, to be used for the development and rehabilitation of the project affected people in the tribal areas of the country
·         Cabinet also approved appointing a regulatory body for overseeing the functioning of the mining companies.
·         The regulatory body will have the powers to investigate, and prosecute the offenders. It is also empowered to look in to the cases of illegal mining
·         In case of non coal miners the new law provides for the project affected people, an amount equivalent to the royalty paid to the state government

  • ¨        Agni II soars to success

·         Agni II, a two stage, surface to surface missile which could carry a nuclear war head capacity of one tonne was successfully flight tested in the wheeler Islands Orissa.
·         This is the third successful launch in three days after the launch of Shourya, Prithvi II from ITR, chandipu
·         This has boosted the confidence of the flight technologists on Agni II as the earlier two attempts met with miserable failures.

  • ¨       A nice article on how networking technology can speed up inclusive growth
  • ¨       No need to get the liability law vetted by the IAEA : India

·         India has said that there is no need for the liability law examined by the IAEA to ensure its compliance with the Convention on Supplemental Compensation (CSC)
·         This comes after the allegation by the US state department that India’s nuclear liability law does not comply with the CSC
·         US is particularly not happy with the scope of operators right to compensation from the nuclear suppliers in case of an accident due to faulty equipment.
·         This is one major reason for the slow progress of nuclear projects done by US and France in India.

INTERNATIONAL NEWS
  • ¨       Around 7000 LTTE cadres inducted in to the community
  • ¨       Focus on reforms amidst fury in Greece
·         The EU and The IMF auditors held talks with Greece focussing in the reforms in the transport sector and the Justice system as part of the efforts to stabilize the finances

EDITORIALS, OPINIONS & COLUMNS
¨       Read this article by MS. Swaminathan on the national food security bill, 2011, which makes access to food a legal right.
¨       A Palestinian view point on the ongoing crisis and what it has lost from that is given here
¨       Read this editorial on the Vachathi case, where Justice though after 19 long years had been done

ECONOMY & BUSNIESS NEWS
  • ¨       Centre liberalizes FDI norms further

·         Government allows FDI investment in bee-keeping and Share pledging for raising external debt
·         FDI limit on FM radio increased from 20% to 26%
·         Research and development in biotechnology, pharmaceutical and life sciences can be covered under “Industrial parks” scheme where 100% FDI is permitted
·         100% FDI has already been given to agricultural areas like plantation, horticulture, seeds and cultivation of vegetables and mushrooms

  • ¨       Government introduce new plan for better spectrum allocation.

·         Sibal unveiled the National Frequency Allocation Plan (NFAP) 2011, which will help in the better management of spectrum
·         It will also help in the development and promotion of indigenous manufacturing and technologies in the Information and communication Technology sector(ICT).

  • ¨       Centre to set up six pharma national institutes



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