Blog Archive

Monday, July 15, 2013

Monday, 15th July, 2013

HEADLINES
  • Telegram bids adieu
NATIONAL NEWS
  • Sanctions weigh on India as it considers Iran's gas offer
    • Three Indian companies are actively considering Iran’s revised offer of production sharing contracts (PSCs) in the energy sector, including one for developing the prolific Farzad B gasfield in the Farsi block of the Persian Gulf.
    • The offer is seen as a big step towards further cementing bilateral ties and marks a departure from Iran’s earlier practice of offering Indian companies 15 per cent fixed returns under a buy-back arrangement with the national oil company of Iran.
    • However, diplomatic sources said New Delhi would have to weigh the consequences if it chose to accept the offer, because of the sanctions the U.S. and the European Union imposed on Iran, primarily targeting its oil industry, to force Tehran to halt its nuclear programme.
    • Because of the sanctions, Iran’s crude supplies to India have dwindled in the past few years. During 2012-13, India’s import dipped by over 26.5 per cent to 13.3 million tonnes from 18.1 million tonnes the year before.
  • Article on India – bhutan relationship after the Bhutanese elections
INTERNATIONAL NEWS
  • Pact between manilla and mmuslim rebels
    • The Philippines said on Sunday it was aiming swiftly to sign a peace deal with Muslim rebels . Chief peace negotiator Miriam Coronel-Ferrer said the government could reach a final deal with the Moro Islamic Liberation Front (MILF) within weeks after both sides agreed on a wealth-sharing formula
    • The government has agreed to let the rebels have a 75 per cent share of earnings from natural resources and metallic minerals in a proposed autonomous region for the Muslim minority in Mindanao
    • Muslim groups, including the MILF, have waged a guerilla war for a separate Islamic state in Mindanao since the 1970s, a conflict that has claimed an estimated 150,000 lives. 
  • US bill for national park on moon
    • A new bill introduced into the U.S. Congress would establish a national park, out of this world — on the Moon!. Called the Apollo Lunar Landing Legacy Act, it notes that, as commercial enterprises and foreign nations acquire the ability to land on the Moon, “it is necessary to protect the Apollo lunar landing sites for posterity”
OPINION/EDITORIALS
  • Article on India's appointment to the Artic council as the observer
  • Editorial on the elections in Bhutan


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