According to Reserve Bank of India food prices rose 17.47 pert cent in the 12 months to Nov. 21, after the weakest monsoon since 1972 follow by floods in parts of the country hurt farm output. While food inflation is politically sensitive, it is viewed as largely beyond the scope of interest rate policy.
India reported economic growth of 7.9 pert cent in the quarter through September, its fastest rate in 18 months, beating expectations and adding pressure on the central bank to bring forward a rate rise to moderate mounting inflation.
Subir Gokarn, deputy governor of the RBI, said the exit from easy monetary policy is a "graded" process and economic growth alone will not determine its pace.
RBI has slashed its policy rates several times after October 2008 to help the economy deal with the global financial meltdown. However, in its October 2009 review of the monetary policy, it raised the statutory liquidity ratio (SLR) by 1 percentage point to 25 per cent, which hinted at unwinding of its easy money policy stance. SLR is the proportion of current and time deposits that a bank has to keep with RBI.
Saturday, December 5, 2009
The risk of a multi-billion-dollar debt default by Dubai World will have limited impact on the Indian economy.
''The overall contribution of the region in foreign investment flow is small and no significant impact on portfolio investments can be discerned. Overall the impact on India is not expected to be significant in the long-term," a report from Credit Analysis and Research (CARE) Limited, said.
The risk of a multi-billion-dollar debt default by Dubai World will have limited impact on the Indian economy.
The report said,While the region contributes about 7 per cent of portfolio investments, the crisis may not affect institutional inflows significantly. In fact there could be a re-channelisation of capital flows from the Gulf to more stable emerging economies like India.
The share of the UAE in India's total exports which was just 2.6 per cent in FY 04 has increased to 13.1 per cent in FY 09. In FY 09, the UAE was India's second-largest export destination after China, the report said.
The risk of a multi-billion-dollar debt default by Dubai World will have limited impact on the Indian economy.
The report said,While the region contributes about 7 per cent of portfolio investments, the crisis may not affect institutional inflows significantly. In fact there could be a re-channelisation of capital flows from the Gulf to more stable emerging economies like India.
The share of the UAE in India's total exports which was just 2.6 per cent in FY 04 has increased to 13.1 per cent in FY 09. In FY 09, the UAE was India's second-largest export destination after China, the report said.
News clips....
José Mujica is elected President of Uruguay.
Porfirio Lobo is elected President of Honduras in the first election since the 2009 Honduran constitutional crisis.
Namibian incumbent President Hifikepunye Pohamba is reelected along with the ruling SWAPO party after elections last week.
The North Atlantic Treaty Organisation announces that 25 member countries will contribute a further 7,000 troops to the International Security Assistance Force in Afghanistan in addition to 30,000 additional American and 500 British troops previously announced.
Indian activists mark the 25th anniversary of the industrial disaster that took place in Bhopal which led to 3,787 deaths.
In a major policy speech, South African President Jacob Zuma announces the country will treat all HIV positive babies and expand testing.
Porfirio Lobo is elected President of Honduras in the first election since the 2009 Honduran constitutional crisis.
Namibian incumbent President Hifikepunye Pohamba is reelected along with the ruling SWAPO party after elections last week.
The North Atlantic Treaty Organisation announces that 25 member countries will contribute a further 7,000 troops to the International Security Assistance Force in Afghanistan in addition to 30,000 additional American and 500 British troops previously announced.
Indian activists mark the 25th anniversary of the industrial disaster that took place in Bhopal which led to 3,787 deaths.
In a major policy speech, South African President Jacob Zuma announces the country will treat all HIV positive babies and expand testing.
Thursday, November 26, 2009
water on the moon
The Indian Space Research Organisation(ISRO) announced in September that the country’s first unmanned lunar mission Chandrayaan-I found evidence of water on the moon within a month after it was launched in October,2008, to make the first such discovery. NASA had also announced in September that it found evidence of water.
The crashing spaceship was launched in June along with an orbiter that is now mapping the lunar surface. LCROSS, short for Lunar Crater Observation and Sensing Satellite and pronounced L—Cross, is on a collision course with the moon, attached to an empty 2.2—tonne rocket that helped get the probe off the ground.
The lunar crash kicked up at least 25 gallons (95 liters) and that's only what scientists could see from the plumes of the impact.
The crashing spaceship was launched in June along with an orbiter that is now mapping the lunar surface. LCROSS, short for Lunar Crater Observation and Sensing Satellite and pronounced L—Cross, is on a collision course with the moon, attached to an empty 2.2—tonne rocket that helped get the probe off the ground.
The lunar crash kicked up at least 25 gallons (95 liters) and that's only what scientists could see from the plumes of the impact.
Venkatraman Ramakrishnan
If the country’s top research institutes are embedded into university campuses, it will give students a direct experience of cutting-edge research from a very early stage, according to Nobel Prize winner Venkatraman Ramakrishnan.
It would be a good idea to embed research institutes inside university campuses, and perhaps also integrate research more into universities,”
“I have always felt that for research to improve, students need to be exposed to the very best research at an early stage." he said.
It would be a good idea to embed research institutes inside university campuses, and perhaps also integrate research more into universities,”
“I have always felt that for research to improve, students need to be exposed to the very best research at an early stage." he said.
Wednesday, November 25, 2009
Ural Mountains
The Ural Mountains runs roughly north-south through western Russia. They are usually considered the natural boundary between Europe and Asia.
The Urals extend 2,498 km from the Kazakh steppes along the northern border of Kazakhstan to the coast of the Arctic ocean.
Its highest peak is Mount Narodnaya.
The Urals have large deposits of gold, platinum, coal, iron, nickel, silver, oil and other minerals.
The Urals extend 2,498 km from the Kazakh steppes along the northern border of Kazakhstan to the coast of the Arctic ocean.
Its highest peak is Mount Narodnaya.
The Urals have large deposits of gold, platinum, coal, iron, nickel, silver, oil and other minerals.
Rising sea levels
By 2050 the number of people living in delta cities is set to increase by as much as 70%, experts suggest, vastly increasing the number of those at risk.
Glaciers: If the world's mountain glaciers and icecaps melt, sea levels will rise by an estimated 0.5m
Thermal expansion: The expansion of warming oceans was the main factor contributing to sea level rise, in the 20th Century, and currently accounts for more than half of the observed rise in sea levels.
Ice sheets: These vast reserves contain billions of tonnes of frozen water - if the largest of them (the East Antarctic Ice Sheet) melts, the global sea level will rise by an estimated 64m.
Rising temperatures have also caused ocean waters to expand - the main cause of sea level rise in the 20th Century.
The weakening of the Gulf Stream coupled with the gravitational effects of being closer to the North Pole mean waters in the northern hemisphere are experiencing the biggest rise.
Glaciers: If the world's mountain glaciers and icecaps melt, sea levels will rise by an estimated 0.5m
Thermal expansion: The expansion of warming oceans was the main factor contributing to sea level rise, in the 20th Century, and currently accounts for more than half of the observed rise in sea levels.
Ice sheets: These vast reserves contain billions of tonnes of frozen water - if the largest of them (the East Antarctic Ice Sheet) melts, the global sea level will rise by an estimated 64m.
Rising temperatures have also caused ocean waters to expand - the main cause of sea level rise in the 20th Century.
The weakening of the Gulf Stream coupled with the gravitational effects of being closer to the North Pole mean waters in the northern hemisphere are experiencing the biggest rise.
Our children and those as yet unborn deserve to live in a world that is healthier, more equitable and which offers a sustainable future .
Monday, November 23, 2009
Jana Gana Mana
Jana Gana Mana is the national anthem of India. Written by Nobel laureate Rabindranath Tagore.
It was first sung at the Calcutta Session of the Indian National Congress on 27 December 1911.
Jana Gana Mana was officially adopted by the Constituent Assembly as the Indian national anthem on January 24, 1950.
Music of the current version of the national anthem was composed by Captain Ram Singh Thakur.
It was first sung at the Calcutta Session of the Indian National Congress on 27 December 1911.
Jana Gana Mana was officially adopted by the Constituent Assembly as the Indian national anthem on January 24, 1950.
Music of the current version of the national anthem was composed by Captain Ram Singh Thakur.
Periyar River
The Periyar River is the longest river in the state of Kerala, with a length of 244 km.
it is known as The lifeline of Kerala.
The Idukki Dam on the Periyar generates a significant proportion of Kerala's electrical power.
It flows north through Periyar National Park into Periyar Lake.
Its largest tributaries are the Muthirapuzha River, the Mullayar River, the Cheruthoni River, the Perinjankutti River and the Edamala River.
it is known as The lifeline of Kerala.
The Idukki Dam on the Periyar generates a significant proportion of Kerala's electrical power.
It flows north through Periyar National Park into Periyar Lake.
Its largest tributaries are the Muthirapuzha River, the Mullayar River, the Cheruthoni River, the Perinjankutti River and the Edamala River.
Sunday, November 22, 2009
Fa-Hien
Fa-Hien was a Chinese Buddhist monk who traveled to Nepal, India, and Sri Lanka to acquire Buddhist scriptures between 399 and 412 . His journey is described in his work A Record of Buddhistic Kingdoms, Being an Account by the Chinese Monk Fa-Hien of his Travels in India and Ceylon in Search of the Buddhist Books of Discipline. He is most known for his pilgrimage to Lumbini, the birthplace of Lord Buddha.
Fa-Hiyan came in india in the period of chandrgupta vikramaditya . he described mainly about central provice. he found the kapilvastu was in the position of decline.he also said about society of central province and praised the law of that period.Fa- hiyan studied about six years in nalanda university.he returne china through tamrlipti.
Fa-Hiyan came in india in the period of chandrgupta vikramaditya . he described mainly about central provice. he found the kapilvastu was in the position of decline.he also said about society of central province and praised the law of that period.Fa- hiyan studied about six years in nalanda university.he returne china through tamrlipti.
Tuesday, November 3, 2009
Laughing
I have started laugh for five minutes in front of mirror each morning. i also think laughter activates many beneficial chemicals within the body that places into a very joyous state.I think it is wonderful tonic for life,s ill.
Saturday, October 17, 2009
India and china recent controversies
There are indications that China may have put the plan in high gear. In April 2009, China's Gezhouba Corporation, one of the country's biggest engineering and construction companies, won a 1.14 billion yuan bid for the hydropower plant in Zangmu, in the middle of the Brahmaputra river. The company's website said it would be responsible for "designing, constructing and running the project that supplies 3.4-million cu m of concrete and 8-million-ton aggregate for the water power station. The project is expected to last until the end of December 2015."
Zangmu is only the first dam to be built. China plans to build four more dams at Jiacha, Zongda, Lengda, Jiexu and Langzhen.
The Chinese are also building another hydropower project with large-scale dams in Tibet, which has already seen tens of thousands of Tibetans protesting againsyt the building of hydro projects on the Brahmaputra.
China has already dammed the Mekong river and the resulting siltation has created a huge problem for lower riparian states in Thailand, Cambodia, etc.
"India and China agreed in November 2006 to establish an Expert Level Mechanism to discuss trans-border river issues in an institutional way.
The Brahmaputra flows for about 1625 kilometre inside the Tibet Autonomous Region of the People’s Republic of China and for a further 918 kilometre inside India.China has begun constructing the dam as part of the 540 MW Nagmu hydroelectric project which was inaugurated on March 16.
The Chinese were also told that such a project might have significant impact on the socio-economic condition of people living downstream.
FICCI quoted statistics showing bilateral trade was inching towards the $45-billion mark, making China India's largest trading partner.
“Pakistan has been in illegal occupation of parts of the Indian state of Jammu & Kashmir since 1947. The Chinese side is fully aware of India’s position and our concerns about Chinese activities in Pakistan-occupied Kashmir. We hope that the Chinese side will take a long-term view of the India-China relations, and cease such activities in areas illegally occupied by Pakistan.
Although Bhutan has no diplomatic relations with China, it is a matter of time before it offers its opinion on China’s territorial engagements. Bhutan is one of India’s closest allies in South Asia and has an ongoing border dispute with China. It is another country with whom China has had territorial conflict that is yet to be resolved. China has had 23 territorial conflicts with other states, but has used force in only a few, while in 17 of these conflicts it has compromised or offered concessions.
Agni-V's first test is likely to take place only in end-2010 or early-2011. From there, it will take at least three years before the missile can be dubbed fully-operational since it will require four-five more tests, series production and user-trials.For another, the 5,000-km strike range of Agni-V pales in comparison to already-operational Chinese missiles like Dong Feng-31A, which can hit targets 11,200 km away, or even the JL-2 submarine-launched ballistic missile with a reach beyond 7,200 km.
Agni-V, much like the 3,500-km Agni-III, which has been successfully tested a couple of times, has been designed in keeping with this strategy. The already-inducted Prithvi (150-350-km), Agni-I (700-km) and Agni-II (2,000-km) are more Pakistan-specific in nature.
the solid-fuelled Agni-V, for which the government has sanctioned around Rs 2,500 crore, will be a canister-launch missile system to ensure it has the requisite operational flexibility to be fired from any part of the country.
Though slightly short of true ICBMs, which have ranges in excess of 5,500 km, Agni-Vs will come in special storage-cum-launch canisters, making it much easier to store them for long periods without maintenance as well as to handle and transport.
Agni-V will be capable of being swiftly moved closer to the border with China to substantially enhance its strike range into the country. What has exercised China is the fact this will bring even its northern-most city, Habin, within the missile's strike envelope.
DRDO is also developing MIRV (multiple independently targetable re-entry vehicles) warheads for the Agni missiles. An MIRV payload basically is a bunch of several nuclear warheads carried on a single missile, which can be programmed to hit different targets separated from each other. Given this, even ballistic missile defence systems can be overwhelmed by MIRVs.
India's Advanced Systems Laboratory (ASL) has made its forthcoming Agni-5 missile highly road-mobile, or easily transportable by road, which would bring Harbin, China's northernmost city within striking range if the Agni-5 is moved to northeast India,
Difference is visible, even in the confidence levels being exhibited by the two sides. So, while the Chinese do what they wish to, all the time, our Prime Minister, despite the bluster, chose not to go to Tawang when he visited Arunachal last week because the Chinese will not like it. You see, China too stakes claim to Arunachal, and Tawang particularly is a major thorn. Not that it stopped the Chinese from issuing a stinging statement about PM’s visit to other parts of the state, which is an “integral part of India” and has been electing a government through democratic process for years.
While the Chinese have brought the railways, pressurized cabins et al, to Tibet, we are still struggling to link Jammu to Srinagar. As an aside, try to think of one difficult stretch that we have linked with the Railways ever since the British left. You will struggle to come up with one.
Zangmu is only the first dam to be built. China plans to build four more dams at Jiacha, Zongda, Lengda, Jiexu and Langzhen.
The Chinese are also building another hydropower project with large-scale dams in Tibet, which has already seen tens of thousands of Tibetans protesting againsyt the building of hydro projects on the Brahmaputra.
China has already dammed the Mekong river and the resulting siltation has created a huge problem for lower riparian states in Thailand, Cambodia, etc.
"India and China agreed in November 2006 to establish an Expert Level Mechanism to discuss trans-border river issues in an institutional way.
The Brahmaputra flows for about 1625 kilometre inside the Tibet Autonomous Region of the People’s Republic of China and for a further 918 kilometre inside India.China has begun constructing the dam as part of the 540 MW Nagmu hydroelectric project which was inaugurated on March 16.
The Chinese were also told that such a project might have significant impact on the socio-economic condition of people living downstream.
FICCI quoted statistics showing bilateral trade was inching towards the $45-billion mark, making China India's largest trading partner.
“Pakistan has been in illegal occupation of parts of the Indian state of Jammu & Kashmir since 1947. The Chinese side is fully aware of India’s position and our concerns about Chinese activities in Pakistan-occupied Kashmir. We hope that the Chinese side will take a long-term view of the India-China relations, and cease such activities in areas illegally occupied by Pakistan.
Although Bhutan has no diplomatic relations with China, it is a matter of time before it offers its opinion on China’s territorial engagements. Bhutan is one of India’s closest allies in South Asia and has an ongoing border dispute with China. It is another country with whom China has had territorial conflict that is yet to be resolved. China has had 23 territorial conflicts with other states, but has used force in only a few, while in 17 of these conflicts it has compromised or offered concessions.
Agni-V's first test is likely to take place only in end-2010 or early-2011. From there, it will take at least three years before the missile can be dubbed fully-operational since it will require four-five more tests, series production and user-trials.For another, the 5,000-km strike range of Agni-V pales in comparison to already-operational Chinese missiles like Dong Feng-31A, which can hit targets 11,200 km away, or even the JL-2 submarine-launched ballistic missile with a reach beyond 7,200 km.
Agni-V, much like the 3,500-km Agni-III, which has been successfully tested a couple of times, has been designed in keeping with this strategy. The already-inducted Prithvi (150-350-km), Agni-I (700-km) and Agni-II (2,000-km) are more Pakistan-specific in nature.
the solid-fuelled Agni-V, for which the government has sanctioned around Rs 2,500 crore, will be a canister-launch missile system to ensure it has the requisite operational flexibility to be fired from any part of the country.
Though slightly short of true ICBMs, which have ranges in excess of 5,500 km, Agni-Vs will come in special storage-cum-launch canisters, making it much easier to store them for long periods without maintenance as well as to handle and transport.
Agni-V will be capable of being swiftly moved closer to the border with China to substantially enhance its strike range into the country. What has exercised China is the fact this will bring even its northern-most city, Habin, within the missile's strike envelope.
DRDO is also developing MIRV (multiple independently targetable re-entry vehicles) warheads for the Agni missiles. An MIRV payload basically is a bunch of several nuclear warheads carried on a single missile, which can be programmed to hit different targets separated from each other. Given this, even ballistic missile defence systems can be overwhelmed by MIRVs.
India's Advanced Systems Laboratory (ASL) has made its forthcoming Agni-5 missile highly road-mobile, or easily transportable by road, which would bring Harbin, China's northernmost city within striking range if the Agni-5 is moved to northeast India,
Difference is visible, even in the confidence levels being exhibited by the two sides. So, while the Chinese do what they wish to, all the time, our Prime Minister, despite the bluster, chose not to go to Tawang when he visited Arunachal last week because the Chinese will not like it. You see, China too stakes claim to Arunachal, and Tawang particularly is a major thorn. Not that it stopped the Chinese from issuing a stinging statement about PM’s visit to other parts of the state, which is an “integral part of India” and has been electing a government through democratic process for years.
While the Chinese have brought the railways, pressurized cabins et al, to Tibet, we are still struggling to link Jammu to Srinagar. As an aside, try to think of one difficult stretch that we have linked with the Railways ever since the British left. You will struggle to come up with one.
Maldives holds world's first underwater Cabinet meeting
"We are trying to send our message to let the world know what is happening and what will happen to the Maldives if climate change isn't checked" Nasheed was quoted as saying to the press as soon as he resurfaced from underwater.
Wednesday, October 14, 2009
Admiral Gorshkov aircraft carrier
Russia will deliver the modernised Admiral Gorshkov aircraft carrier to the Indian Navy in 2012.
The original $1.5 billion contract signed in 2004 between Russia's state-run arms exporter Rosoboronexport and the Indian Navy envisioned that work on the aircraft carrier would be completed in 2008.
The Admiral Gorshkov, renamed INS Vikramaditya, is to replace India's INS Viraat carrier that is currently operational but is now 50 years old.
The original $1.5 billion contract signed in 2004 between Russia's state-run arms exporter Rosoboronexport and the Indian Navy envisioned that work on the aircraft carrier would be completed in 2008.
The Admiral Gorshkov, renamed INS Vikramaditya, is to replace India's INS Viraat carrier that is currently operational but is now 50 years old.
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