Friday, November 11th,2011

HEADLINES

• Manmohan returns gift for Pakistan's MFN gesture, calls Gilani peace loving.
• Fishermen issue figure in Manmohan's talk with Sri Lanka.
• Kingfisher airlines cancels 30 more flights.
• 2G case trial to begin today.

NATIONAL NEWS

• Manmohan – Gilani meet
  • India announced a trade related confidence building measure to match Pakistan according the MFN status to it.
  • India has agreed for a preferential trade agreement with Pakistan.
  • A new liberalised Visa regime would also be implemented soon.
  • The prime ministers also agreed to revive the joint commission which have not met once in six years.

• Army raises seccession spectre to counter plans to life AFSPA
  • The army's top commander said that the country would be compelled to give grant state independence by 2016 if AFSPA is lifted.
    
    
• India at SAARC
  • Manmohan Singh called up all the countries to intensify trade with all the countries in order to beat the global melt down.
  • India had reduced the sensitive list for least developed countries from 480 tariff lines to 28 lines. Zero basic customs duty access would be given to every item removed.
  • Dr. Singh suggested giving priority to regional railway agreement and motor vehicle agreement.
  • The commerce secretaries are planning to meet in a few days time and Indian home secretary will meet with the Pakistan's internal secretary.
  • India and Srilanka discussed a host of issues including the Sampur NTPC plant, Indian housing project, and the issue of Indian fishermen delving in to Sri Lankan seas.

• India's trade with IOR – ARC reach $280 billion.
  • India's annual trade with the indian ocean rrim association countries have increased with exports growing up to $120 billion and imports to $ 160 billion.
  • India officials assumed the chair of IOR-ARC from Yemen for two years.

• A new book to help NRI's take a closer look at the law.
  • Two Chandigarh based lawyers have brought about a book ' Indians,NRIs, and the law' to help the NRI's deal with the problems related to marriage, Divorce, Child custody, adoption,surrogacy, inter parent child removal, human smuggling, cross border terrorism, immigration problems, citizenship issues and NRI jurisprudence etc.
    
    
• National competition policy by January
  • The aim of this policy would be to unleash a second wave of reforms.
  • The basic aim is to make all the policies of the government to result in enhanced competition, increased entreprenuership and allow as many players as the economy can sustain.
  • The principles of the new policy would include: effective prevention of anti-competitive conduct; institutional separation between policymaking, operations and regulations; fair market process; competitive neutrality; fair pricing and inclusionary behaviour; third party access to “essential facilities;

INTERNATIONAL NEWS

• India's military modernisation to contain China
  • India's decision to increase its millitary capabilities is in direct reference to the Chinese growth.
  • The changes is the regional security landscape including the east china sea and south china sea will go against the Chinese though it might help India.
  • China accuses all the changes as part of the US led plan to subdue them

• Papademos is new Greek PM
  • Senior banker Papademos was made the prime minister and made charge of keeping the debt strapped country out of banktruptcy.
    
    
• Israeli ex- president heads for Jail
  • Israels former president Moshe Katsav was sent to Jail against his conviction of rape and other sexual offences.

EDITORIALS, OPINIONS AND COLUMNS

• An opinion on the problems and the allegations faced by NREGA
• An editorial on the Gujarat verdict
• An editorial on the problems in Italy
• A opinion on the current rate of global warming and climate change

BUSINESS/ECONOMY NEWS

• Mumbai to host World economic summit
  • The event will be organised by the World Economic Forum and the CII