Tuesday, February 12, 2013



U.K. Halts Further Aid to India: According to The Hindu sources, succumbing to growing domestic pressure,the British government announced halt to further financial aid to India but said that all existing commitments until 2015 would be honoured.

Home First-Tory: The  move,  which  would  save  Britain  over  £  200  million over the next three years, follows mounting  opposition  pressure  within  the  ruling  Tory  party  to  continued  financial  aid  to  major  emerging economies such as India, China and Brazil  at a time  when Britain itself is facing a deep economic crisis. Last year,Britain gave India about £ 250 million in bilateral aid besides £29 million in technical cooperation.

  Russia Built Multirole Stealth Frigate INS Tarkash Commissioned into Navy:  India took delivery in November of the fifth  Russia-built  multirole  stealth frigate. INS Tarkash was commissioned by  Vice-Admiral Shekhar Kumar Sinha. Tarkash  belongs  to  the  second  batch  of  three modified Krivak-III(Talwar) class frigates India ordered  from Russia in 2006 under a $ 1.6 billion contract. The first frigate of the batch, INS Teg, was delivered in April and the  third  one,  INS Trikand,  is  undergoing  dock  trials  and  is  expected  to  be  handed  over  next  summer  after completing sea trials in the Baltic Sea.

India Inks Protocol with U.K. to Amend Tax Pact:  India has signed a protocol with the U.K. for amending the convention  between  the  two  countries  for  avoidance  of  double  taxation  and  prevention  of  fiscal  evasion  with respect to taxes on income and capital gains.

Canada Close to Resuming N-supplies: India and Canada concluded negotiations for operationalization of civil nuclear deal signed in 2010 which is expected to ensure supply of uranium to India even though there was no formal  signing  of  any  agreement.  India  and  Canada  have  been  negotiating administrative  arrangements  for supply  of  uranium  under  the  pact  signed  in  2010  but  it  has  taken  time  with  Canada  insisting  on  a  monitoring mechanism or a ‘ reporting approach’ for its uranium exports.

 Union Cabinet Clears Spectrum Fee on Telecom Firms: The  Union  Cabinet  approved  the  proposal  of  an Empowered  Group  of  Ministers  (EGOM)  to  levy  a  onetime  spectrum charge  of  about  Rs  31,0000  crore  on  all existing telecom operators in the country.

  Two  Indians  in  Forbes  top  15  Educationists: Indian-origin CEO of Datawind, the maker of India’s low-cost tablet  Aakash,  Suneet  Singh Tuli and Massachusettes Institute of Technology Professor Anant  Agarwal  have been  named  by  Forbes  magazine  among  the  15  classroom  revolutionaries’  who  are  using  innovative technologies to reinvent education for students and teachers globally.

 Japan  Signs  Pact  to  Import  Rare  Earths  from  India: India  and  Japan  on  November  16,  2012  inked  two agreements,  including  one  that  will  enables  Tokyo  to  import  are  earths  minerals,  which  is  expected  to  ease Tokyo’s dependence on China for the key material that is vital for producing a rare of high tech products. The other deal-Social security Agreement-will benefit about 30,000 citizens of both countries. About 22,000 Indians working in Japan and bout 8,000 Japanese are employed in India and their social security contributions won’t be
deducted in both countries.

10th Hindustan  Times  Leadership  Summit in New Delhi Kicked off: Former  Thai Prime Minister Thaksin Shinawatra  kicked  off  the  10th Hindustan Times Leadership Summit stating that businessmen  dreaming  of  a political career should drop their commercial interests to avoid giving fodder for criticism to their opponents. 

 Myanmarese opposition Leader Aung San Suu Kyi’s Visit to India: Myanmarese opposition leader Aung San Suu Kyi paid a goodwill visit to India in the second week of November, 2012 .It was a homecoming as well as a reconciliation. The iconic caught up with friends in India.

 Kasab Hanged, Buried in Yerwada Jail:  In a top secret operation, 25-year-old Mohammed Ajmal Amir Kasab, the lone surviving gunman of the 26/11 Mumbai terror attack was hanged in Pune’s Yerwada Jail on November 21,2012. The X Factor: Kasab’s hanging-codenamed Operation X-was carried out in total secrecy.

 Interceptor Missile Tested Successfully:  India successfully test-fired an indigenously developed supersonic interceptor missile capable of destroying a hostile ballistic missile, from a test range off the Odisha coast.

 Ex Prime Minister Indra Kumar Gujral Passes Away: Former Prime Minister  I.K. Gujral,  died  on November 30, 2012 after a brief illness. He was the information and Broadcasting Minister when Emergency was imposed (on  June  25,  1975),  which  brought  in  arbitrary  press  censorship.  He  had  a  second  stint  in  the  ministry  in  the United Front government under H.D. Deve Gowda, whom he later replaced as Prime Minster after the Congress withdrew support in summer of 1997.

 India Okays Project  worth $ 100 million in Afghanistan:  India  approved  small-scale  projects  worth  100 million dollars for implementation in strife-torn Afghanistan. The Union Cabinet, at a meeting chaired by Prime Minister Manmohan Singh, approved the third phase of the Small Development Projects (SDP) in Afghanistan.
The outlay for the third Phase of the Small Development Projects is 100 million dollars or approximately Rs 540 crore.

 Elizabeth Thabethe, South  African minister visits India: Elizabeth Thabethe,  Deputy  Minister of Trade and Industry (South Africa) led a high power business delegation to the inauguration Techmart India 2012.


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