Showing posts with label India. Show all posts
Showing posts with label India. Show all posts

Wednesday, June 12, 2013

“Incredible India" Home to Modern Slavery




Source Video: The Real News
http://www.youtube.com/watch?v=UVP-4RfhKGM

Millions of people, including children, toil in bonded labor in India, even though the practice has been outlawed for years.

For more Real Investigative Journalism visit:

The Real News – Official Website
http://therealnews.com/
The Real News - YouTube
http://www.youtube.com/user/TheRealNews

Thursday, September 20, 2012

Millions of Indians protest foreign competition to mom-and-pop shops


 
Demonstrators from the Samajwadi Party, a regional political party, shout slogans after they stopped a passenger train during a protest against price hikes in fuel and foreign direct investment (FDI) in retail, near Allahabad railway station September 20, 2012 (Reuters / Jitendra Prakash)

Source: Russia Today
http://rt.com/news/india-strike-retail-reform-550/

India is going through a nationwide strike on Thursday, as shopkeepers, traders and workers protest a governmental reform allowing foreign retail giants into the domestic market. Activists fear the move would leave millions bankrupt.

­The day-long strike and protests were called by opposition parties and trade unions after Prime Minister Manmohan Singh announced the planned reform last week.

Protesters blocked railroads in Kolkata in West Bengal state, squatting on the tracks, a regional official told AFP. Thousands of police were deployed to prevent possible violence. Bihar state in north India saw train and bus stations occupied by activists, leaving thousands of passengers stranded.

Bangalore, the capital of the southern state of Karnataka, was completely shut down. The state has strong support of the main opposition Bharatiya Janata Party (BJP), which is one of the major backers of the strike. India’s largest cities, including New Delhi, are bracing for large protest rallies.

According to the Confederation of All India Traders (CAIT) forecast, some 50 million people may participate in the action in some way. The protest was triggered by government’s plan to allow international companies like Walmart and Tesco trade directly with customers. Currently they can only own shares in retail businesses jointly with domestic companies and sell only to smaller retailers.

The move is aimed to bring foreign investment into the slowing Indian economy, but critics say it will expose small stores, called kiranas, and other retail-related small businesses to crushing international competition.

Kiranas are an important part of Indian culture, with some dubbing the country spurring world-highest shop density “a nation of shopkeepers”. There are an estimated 50 million such shops across the country, and 220 million people depend on them for their livelihoods, CAIT says.

There are fears that exposure of the market to better-organized internationals would drive kiranas out of business, as they would not be able to offer competitive prices.

"If these big guys storm in and wreck what I've fostered for decades, then my family and I will have to resort to a different business," kirana owner Goel, told Reuters.

People skeptical about the protest say opposition politicians are trying to capitalize on people’s fears and the real impact of the reform would not be as bad as they picture it. The shops would have the strength of advantageous placement in residential areas and customer loyalty won over decades.

"The traditional kirana stores and outlets in India have been able to compete very successfully with modern retail for a very long time,"
said a study released by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the global accounting firm PricewaterhouseCoopers. "Their presence in the midst of a residential area is a big advantage."

The Indian government so far remained steadfast in proceeding with the reform.

 

Demonstrators from the Samajwadi Party, a regional political party, shout slogans as they gather around an effigy on a railway track during a protest against price hikes in fuel and foreign direct investment (FDI) in retail, near Allahabad railway station September 20, 2012 (Reuters / Jitendra Prakash)

Tuesday, September 4, 2012

Poverty and Rising Social Inequality in India


 
By: Colin Todhunter
Source: Global Research
http://www.globalresearch.ca/poverty-and-rising-social-inequality-in-india/

The issue of poverty keeps rearing its inconvenient head in India. The Planning Commission tends to keep on shifting the poverty line, but it is always at a ludicrously low level, which underestimates the numbers actually living in poverty. But playing fast and loose with India’s poverty line has almost become a trendy pastime.

The truth is that poverty is an embarrassment. It is an embarrassment to many of India’s rich and to a good number of politicians, who like to portray the country as an emerging superpower, with its space program, sophisticated weaponry, sports towns, growth figures, Formula 1 race track and gleaming malls.

Apart from such headline-grabbing trappings, India also houses the second largest number of affluent people in the world, with three million households having over $100,000 of investable funds. While this represents just 1.25 per cent of households, it is again the kind of phenomenon that some love to promote as part the myth of India sitting at the top table of nations.

Reality check. One in four people in India is hungry and every second child is underweight and stunted. In 2011, India was 73rd out of 88 countries listed in the annual Global Hunger Index, six places down from the previous year. The 2010 Multidimensional Poverty Index indicated that eight Indian states account for more poor people than in the 26 poorest African countries combined. According to this measure, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan, Uttar Pradesh and West Bengal have 421 million poor people. This is more than the 410 million poor in the poorest African countries.

Instead of concentrating on GDP growth figures, how about we focus on the annual poverty alleviation figure? The former fluctuates between eight and nine per cent, while the latter is 0.8 per cent, virtually the same as it was 20 years ago. The sacred scripture of free market ‘trickle-down’ dogma has not delivered.

But, hold on a minute. The eight or nine per cent GDP economic growth figures tell us that India is thriving. Right? Wrong. The rich in India are thriving, but the poor, and these days given the inflationary pressures, many of the middle classes too, are struggling to get by. If the growth figures tell us anything, it is that they – the poor and large sections of the middle class – can be said to be paying for the lifestyles of India’s rich.

The logic of ‘development’

Step inside the gated communities or a plush 27-storey one billion dollar plus Mumbai house and arrive in a Forbes nightmare world of privilege and wealth. Step inside the brand spanking new shopping malls, and you could be forgiven for thinking that you were in London or New York, with the plastic food joints, bland international chains and an air-conditioned macburger world of cola dens and coffee bars. These swish temples of modernity are a statement of perhaps where India wanted to be, of where part of India thinks it now is.

But India is capitalism’s success story, isn’t it? Or so the media like to tell us. Despite the logic of capitalism being to drive down costs and increase profits, politicians in the West are trying to change perceptions of India among their own populations. They are attempting to eradicate the notion of it being a land of call centres and back offices that takes jobs from the West and replace it with the idea that trade between India and the West is a two-way relationship that is creating jobs, growth and higher living standards for all concerned.

The reality is somewhat different. For example, a deal struck between India and the US for Harley-Davidsons a couple of years ago will not benefit plants in the US because a new assembly unit in India is to be built. Setting up shop in India not only often leads to the use of cheap exploited labour that works long hours with few if any rights, but also puts downward pressure on existing labour costs in the West. This is the whole logic behind ‘outsourcing’. It’s a win-win situation for CEOs and shareholders alike.

Servicing the well-to-do by providing them with Harleys, overpriced coffee and i-phones is what ‘development’ is all about for those who will financially profit. On his visit to India in 2010, it was noticeable that Barak Obama and his entourage had little to say about the 75 per cent of the population that lives on less than two dollars a day. Not much was said about India’s warped development that creates rich-list billionaires while maintaining so many in poverty or merely hovering above it. There seems to be no invite, no reservation at the top table, no impending arrival at destination corporate-driven-nirvana for those people and others like them.

In the West, workers’ jobs and wages are heading one way – downwards. In large parts of India, especially with increasing food, worklessness and petrol costs, things are just as tough. Listening to political leaders you’d be hard pressed to notice though. They and the media are adept in twisting the truth and passing off such things to their respective populations as necessary blips in the journey towards to some cheap con-trick notion of the promised-land.

There is a shift in power occurring across the world – from the poor and less well off to the rich, boosted by an economic system that ensures the flow of wealth goes upwards via what academic David Harvey calls ‘accumulation by dispossession’ and these days reflected in massive handouts to bankers, public services cutbacks or wages that continue to fall in real terms. When politicians speak of ‘inclusive growth’, it is nice talk. But that’s all it is. How could it be anything else, especially in India as the government continues to sell the country to western financial and corporate interests?

The new colonial masters

India has been moving increasingly closer to the US in recent years and, by implication, complying with its geo-political and economic hegemony. In return for the US sanctioning, supplying and facilitating the development of India’s nuclear industry (despite India not being a signatory to the Non-Proliferation Treaty and having developed a nuclear bomb – contrast its treatment to that of Iran, which is a signatory and cannot be proved to be pursing a nuclear weapons programme), the Indian economy is being prized open on behalf of western retail, agribusiness, pharmaceutical and various other concerns.

On August 15, India celebrated Independence Day. Some 65 years earlier, Nehru stood in Delhi and spoke about a tryst with destiny. Free from the shackles of British colonialism, India was on course for a bright new future.

But appealing to base instincts, greed and narcissism has become the priority value of ‘modern’ India. Shopping and consumerism have become the concerns and priorities of India’s misinformed and misled creamy layer. Misinformed by news outlets that pass off infotainment for news. Misinformed by a government that cosies up to western multi-nationals with secretive ‘Memorandums of Understanding’ and then proceeds to target some of the poorest people in the country as ‘the enemy within’.

Part of India’s own self proclaimed ‘war on terror’ is taking place in the highly mineral rich mountains and jungles of Chhattisgarh, Orissa, Jharkhand and Andhra Pradesh. State governments have already signed hundreds of agreements with companies to begin mining and build steel and aluminum plants and other industries. How easy it was for the Indian government to discredit any legitimate protestor in those regions as a Maoist or Naxalite insurgent. How easy it was for it to then attempt to secure those areas for rich foreign companies by killing thousands and forcing nearly 50,000 adivasis (tribal people) into camps in order to control dissent.

Some 300,000 people have been forcibly displaced. Hundreds of thousands of security personnel have poured into the region with sophisticated military hardware.

Despite Nehru’s misty eyed views, the Indian and western elites are now the new colonial masters in India. Is this the bright new future he had in mind?

But imagine for a moment a world where India pursued a more independent path that would be strident in its rejection of predatory capitalism and US-led militarism increasingly aimed at China, India’s neighbour.

Imagine a model of development that would in fact be inspired by particular policies adopted by the likes of Cuba, Bhutan, Venezuela, Costa Rica and Bolivia, which place strong emphasis on health, ‘happiness’, education or bio-diverse agriculture and not least on the rights of indigenous peoples, sustainability, respect for the environment and/or common ownership.

Unfortunately, imagination does not match the reality.

For many foreigners who visit India, it is the land of the great philosophies. It is the land of spirituality, morality and enlightenment. Many view India through this distorted prism. It is this rose-tinted perception that brings them here. For other foreigners, however, it is a land ripe for the taking. And Washington knows it.

India threw off the shackles of colonialism in 1947. And long ago it threw off the shackles of any moral philosophy. There’s a new game in town. And it’s based on selling anything you can get your hands on to the highest bidder, even the soul of the country. Now there is a new colonial master on the block.

Whether it’s the waging of war on its poorest people or the collusion with foreign governments and corporations to loot the economy for profit, successive Indian administrations have conspired to deceive their own people as they work hand in glove with Wall Street and proponents of ‘free trade’ and neo-liberalism to sell the lie of freedom and independence to an affluent section of the population eager to believe it and willing to regard the oppression of the country’s poorest folk as ‘collateral damage’ in the drive to secure ‘necessary economic infrastructure’.

With 75 per cent of the population living on less than two dollars a day, the influence of western agribusiness leading to well over 200,000 farmers’ suicides and large parts of the country under military law, politicians and the media abroad still talk of India as capitalism’s miracle, as democracy’s great success story. The old clichés and convenient lies are often trotted out about a land of enterprise and growth, Bollywood and glitz, millionaires and cyber parks.

But there’s always Bollywood novacaine, the infotainment obsessed media or the latest Forbes rich list to distract or dull the pain, isn’t there? Better still – the stroke of a bureaucrat’s pen in drawing a new poverty line will do just fine.

 

Monday, May 14, 2012

Russia calls to speed up India and Pakistan joining SCO


Foreign Ministers of the Shanghai Cooperation Organization member states pose for a group photo before a meeting in Beijing, May 11, 2012 (Reuters / Petar Kujundzic)

Source: Russia Today
http://rt.com/politics/russia-sco-pakistan-india-lavrov-076/

In an effort to add some muscle to the regional economic bloc, Russia is looking to expedite India and Pakistan's membership process into the Shanghai Cooperation Organization (SCO).

Acting Foreign Minister Sergey Lavrov said delaying the decision on the accession of India and Pakistan was "counter-productive." He made his comments while taking part in a meeting of foreign ministers of SCO member states in Beijing on Friday.

"We should take an active part in all international discussions on Afghanistan, coordinating our positions and stressing the SCO's readiness to contribute to efforts by the international community aimed at the political and economic revival of Afghanistan," Lavrov said.

The SCO, which was officially established in 2001, includes Russia, China, Uzbekistan, Kazakhstan, Tajikistan and Kyrgyzstan.

India, Iran, Mongolia and Pakistan presently have observer status, while Afghanistan and Turkmenistan attend SCO meetings as guest nations.

Lavrov said that an international conference on Afghanistan will take place in the Afghan capital of Kabul on June 14.

The acting minister stressed that granting SCO observer status to Afghanistan would help achieve these goals.

China has held the organization's rotating presidency since August 1, 2011


Monday, May 7, 2012

US pressuring India to cut crude imports from Iran


India says it will continue importing Iran oil despite US sanctions to meet the country's dire need to energy

Source: Press TV
http://www.presstv.ir/detail/239997.html

The United States is mounting pressure on India to scale back its oil imports from Iran as part of Washington’s campaign to force Tehran into abandoning its nuclear energy program.

“There is adequate supply in the market for India to find adequate sources,” US Secretary of State Hilary Clinton said in the eastern Indian city of Kolkata.

This is while Indian Foreign Minister S.M. Krishna said on April 26 that India is bound by UN sanctions, but "unilateral sanctions imposed by countries or [a] group of countries shouldn't impact legitimate trade relations with Iran."

He said New Delhi crude oil imports from Tehran are guided by India’s energy needs.

The US imposed tough financial and oil sanctions against Iran in the beginning of 2012 in a bid to pile up pressure on Tehran over its nuclear energy program.

The US unilateral sanctions, slated to take full effect on June 28, seek to penalize other countries for importing Iranian crude.

The US and the EU claim that Iran's nuclear energy program includes a military component, and have used such claims as a pretext to impose international and unilateral sanctions against the country.

Tehran refutes their claims, saying frequent inspections by the International Atomic Energy Agency have failed to prove any diversion in Iran's nuclear energy program toward military purposes.


Thursday, April 19, 2012

India tests first nuclear-capable ICBM (PHOTOS, VIDEO)





Source: Russia Today
http://rt.com/news/india-firses-intercontinental-missile-426/

India has test-launched its first long-range intercontinental ballistic missile, significantly upgrading the emerging Asian nation’s military capabilities. It has the capacity to target major Chinese cities and Europe.

The Agni-V missile has a range of 5,000 km and is able of carrying a 1.5 ton nuclear warhead. It can also be used to launch satellites into orbit. India’s military reportedly spent US$486 million on building the ballistic missile which stands at 17.5 meters high and weighs in at 50 tons.

According to Indian media the missile was launched just after 8am local time from WheelerIsland off India’s east coast. It rose to an altitude of 600 kilometers and successfully completed the three stages of its flight before releasing its payload.

The Agni-V will undergo four or five more trials and is expected to join India’s military arsenal before 2015.

The government had earlier hailed the missile project as a major step towards regional dominance, counterbalancing China.

“India has today become a nation with the capability to develop, produce, build long-range ballistic missiles and today we are among the six countries who have this capability," said Vijay Saraswat, head of India's Defense Research and Development Organization.

It was originally planned to test-fire the missile on Wednesday, but the launch was delayed due to weather conditions.

India has dramatically increased its military budget by 66 percent over the last decade, investing almost $49 billion in 2011. While China, which India regards as its most significant regional threat spent around $142 billion last year.

In 2010, India successfully launched an intermediate-range ballistic missile Agni-II, which has a range of more than 2,000 km.

Only the United States, Russia, China, France and the UK currently possess operational intercontinental ballistic missiles.

Political analyst, Professor Sreeram Chaulia believes India’s new capabilities will certainly help to keep a balance of power in Asia.

“India feels that it is in a neighborhood where it cannot take anybody’s intensions for granted, and therefore it needs to help itself through these kinds of nuclear tests,” he said.

He pointed out that India felt vulnerable, especially with regard to China, and while the two may have a smooth relationship economically, “there are tensions and there are lingering mistrusts that go back over fifty years.”

Deepak Tripathi, a journalist and expert on Asia added that concern about another neighbor, Pakistan, is on the table as well: “The aim is to stay ahead of Pakistan, but as close behind China as possible.”

An important aim for India with this launch is also to be taken more seriously on a global scale, Tripathi stressed.





Sunday, April 8, 2012

Pakistan president in India on rare visit


Pakistani President Asif Ali Zardari

Source: Press TV
http://www.presstv.ir/detail/235151.html

Pakistani President Asif Ali Zardari has travelled to India for a private visit, marking the first such trip by a Pakistani head of state in seven years.

Indian Prime Minister Manmohan Singh is set to host a lunch in honor of Zardari in his residence in the capital New Delhi on Sunday, before the Pakistani president heads to the shrine of a revered Sufi saint at Ajmer in Rajasthan state.

Although the visit is a private one, there is a hope it could boost the economic ties between the two nations.

However, little progress is expected to be made on sensitive issues such as the Himalayan territory of Kashmir, which has been the topic of dispute since 1947.

India and Pakistan have fought three wars, two of which were over the disputed Kashmir region.

The nuclear-armed rivals have been making gradual progress toward normalizing relations. Bilateral ties suffered a major blow following the 2008 Mumbai attacks which India blames on Pakistan.

Zardari’s visit is the first such trip made to India by a Pakistani leader since former President Pervez Musharraf made an official visit to New Delhi in 2005.

Pakistan’s Foreign Office Spokesman Abdul Basit said earlier that Zardari is expected to formally invite Singh to Pakistan during his Sunday visit.

The Pakistani chief executive is scheduled to return to Islamabad in the evening.

Russia’s moon re-conquest plan revealed (PHOTOS)



AFP Photo / NASA / Lauren Harnett / Handout

Source: Russia Today
http://rt.com/news/russia-moon-program-leak-502/

Russian scientists want to send two lunar rovers and several landing stations after 2020 as part of the country’s return to the moon. The planned study of polar regions is aimed at eventually creating a permanent manned base there.

The attention was drawn to moon’s poles by the discovery of ice there, reports RIA Novosti, citing a draft space research roadmap prepared by the Russian Academy of Sciences.

The first stage of the new lunar program will begin in 2015, with the launch of Luna-Resurs and Luna-Glob probes. Both are similar in design and will study south and north poles of the moon respectively.

The missions include landing a station with a small lunar rover equipped for taking soil samples from the depth of up to two meters. The samples will be examined on site.

After 2020 a new stage is scheduled with two bigger rovers planned for delivery. Their missions may last as long as five years, with rovers scouting the area as far as 30 km far from their landing spots.

The two missions have several objectives, including field testing of precise landing with the use of a beacon on ground for guidance and engagement between landing stations and rovers aimed at preserving energy during lunar nights. The experiments will be carried out in collaboration with other nations, such as India.

The rovers will also take six or seven samples of lunar soil. A station is scheduled to land on the Moon in 2023 to pick up the samples and return them to Earth. Their study back at home will provide data needed to design a manned lunar base sometime in the more distant future, the roadmap says. The rovers and the station may become the first building blocks of the base.







Images from: http://www.lpi.usra.edu/


Monday, February 20, 2012

India importing Iran oil, slap in face for US: Ex-US Official


Nicholas Burns, US Undersecretary of State for Political Affairs from 2005 to 2008

Source: Press TV
http://www.presstv.ir/detail/227672.html

A former US official says India’s decision to continue importing Iranian crude despite the recent Western sanctions on the Islamic Republic is “a slap” in the face for the United States.

“The Indian government’s ill-advised statement last week that it will continue to purchase oil from Iran is a major setback for the US attempt to isolate the Iranian government over the nuclear issue,” Nicholas Burns, former US Undersecretary of State for Political Affairs, wrote in an op-ed in current-affairs magazine The Diplomat today.

"India's decision to walk out of step with the international community on Iran isn't just a slap in the face for the US - it raises questions about its ability to lead," Burns added.

The Economic Times reported last week that during his latest visit to the US, Indian Foreign Secretary Ranjan Mathai reiterated New Delhi’s decision to go on with Iran oil imports while also stressing cordial relations between the two countries.

The report added that India's determination to continue buying Iranian oil, despite Western oil and financial sanctions has greatly concerned officials in Washington at a time when the forward momentum in the US-India relationship has already slowed.

"This is bitterly disappointing news for those of us who have championed a close relationship with India. And, it represents a real setback in the attempt by the last three American Presidents to establish a close and strategic partnership with successive Indian governments," Burns said.

India purchases around USD 12 billion worth of Iranian crude every year, about 12 percent of its consumption. In January, Iranian crude exports to India rose to 550,000 barrels a day, up 37.5 percent from December 2011.

On New Year’s Eve, the United States imposed new sanctions against Iran aimed at preventing other countries from importing Iranian oil and conducting transactions with its central bank.

European Union foreign ministers also approved sanctions against Iran’s oil and financial sectors on January 23, including a ban on Iranian oil imports, a freeze on the assets of the country’s central bank within EU states, and a ban on selling grains, diamonds, gold, and other precious metals to Tehran.

The United States, Israel and some of their allies accuse Tehran of pursuing military objectives in its nuclear program and have used this pretext to push for four rounds of UN sanctions and a series of unilateral sanctions against the Islamic Republic.

Iran has refuted the allegations, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty and member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful use.

Tuesday, January 24, 2012

'India to buy Iran oil in gold not dollars'


Source: Press TV
http://www.presstv.ir/detail/222857.html

India has agreed to pay the price of crude oil it imports from Iran in gold, which makes it the first country to drop the US dollar for purchasing the Iranian oil.

According to a report published by DEBKAfile news website, unnamed sources have stressed that China is also expected to follow suit.

India and China take about one million barrels per day (bpd), or 40 percent of Iran's total exports of 2.5 million bpd and both of them have huge reserves of gold.

The report added that by trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its Central Bank's assets and the oil embargo which the European Union's foreign ministers agreed to impose on Monday, January 23.

The EU currently buys around 20 percent of Iran's oil exports.

On the other hand, experts say the vast sums involved in these transactions are expected to boost the price of gold and depress the value of the dollar on world markets.

“An Indian delegation visited Tehran last week to discuss payment options in view of the new sanctions. The two sides were reported to have agreed that payment for the oil purchased would be partly in yen and partly in rupees. The switch to gold was kept [in the] dark,” the report stated.

India is Iran's second largest customer after China, and purchases around USD 12-billion-a-year worth of Iranian crude, or about 12 percent of its consumption.

Delhi is to execute its transactions, the report said, through two state-owned banks: the Calcutta-based UCO Bank, whose board of directors is made up of the Indian government, the Reserve Bank of India representatives, and Halk Bankasi (Peoples Bank) -- Turkey's seventh largest bank which is owned by the government.

US President Barack Obama signed into law, on December 31, 2011, new sanctions which seek to penalize other countries for importing Iran's oil or doing transaction with Islamic Republic's Central Bank.

Foreign ministers of the European Union also imposed sanctions on Iran's oil imports over the country's peaceful nuclear program during their Monday meeting in Brussels.

The sanctions involve an immediate ban on all new oil contracts with Iran and a freeze on the assets of the country's Central Bank within the EU.

Tehran has warned that the embargo will have negative consequences, such as increasing the oil price.

Tuesday, January 17, 2012

Untreatable tuberculosis spreads in India


A mother and child waiting for TB check-up in the outskirts of Kolkata, India

Source: Press TV
http://www.presstv.ir/detail/221547.html

At least a dozen people in India has been infected with a type of tuberculosis (TB) that is totally resistant to all antibiotics used to treat the disease.

New reports about more cases of lung infection with the deadly resistant bacterium have sparked concern among health experts across India where about 3.8 new infections occur every minute.

The first patient infected with the totally resistant TB was reported in India last month but further investigations found other cases that may be just a small part of people infected in the densely populated country.

Indian health authorities and experts from the World Health Organization (WHO) met on Monday in Mumbai to discuss possible ways of controlling and managing the disease including isolation of patients.

India accounts for 26 percent of all tuberculosis infections worldwide, equating to at least 2 million new ones in 2010.

The country is not the first place with highly drug resistant TB. Doctors had identified patients with forms of drug resistant infections in some other countries and believed that there could be many undocumented cases.

“These patients may well be the tip of the iceberg,” said WHO's Stop TB Department director Dr. Mario Raviglione.

Reportedly, first-line medications for TB are often illegally available without a doctor's prescription in India, a condition which may lead to development of more drug resistant germs.

“When anyone can go to a pharmacy and buy these second-line drugs, then one can assume that many other cases like this exist,” said Raviglione.

Sunday, January 8, 2012

India to pay for Iran crude in rupees


Source: Press TV
http://www.presstv.ir/detail/219964.html

In the wake of the US decision to impose fresh sanctions against the Islamic Republic that would target its oil exports, India announces plans to pay for the Iranian crude it imports in rupees.

A senior Indian government official, speaking on condition of anonymity, said the issue will be addressed when a multi- disciplinary team visits Tehran on January 16 to discuss uninterrupted supply from the major oil producer, the Press Trust of India reported on Sunday.

Under the proposal, the National Iranian Oil Company (NIOC) will open a rupee account with Indian banks, and can use the money to purchase non-strategic commodities like railway imports.

India satisfies about three-quarters of its crude demands through imports; and Iran is its second-largest supplier after Saudi Arabia.

The South Asian country currently pays USD 1 billion every month to Iran for the 370,000 barrels per day of crude oil it purchases from the Islamic Republic. India uses Turkey as a conduit in order to pay for Iranian crude.

India has been looking for an alternative payment mechanism for crude from Iran after the Reserve Bank of India in December 2010 announced that payments for Iranian crude oil imports would have to be settled outside the existing Asian Clearing Union (ACU) mechanism.

The Asian Clearing Union (ACU) mechanism involves the central banks of Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka.

Under the mechanism, imports by the nine nations are settled every two-months with every member paying for imports after netting out its exports among the union.

In February 2011, Iran and India agreed to set up a new mechanism for the oil payments using euros through the Hamburg-based European-Iranian Trade Bank AG (EIH Bank).

But under the US excessive pressure, Germany soon stopped accepting money from India for onward transfer to EIH Bank, sending India to the doorstep of Turkey.

On Thursday, India's National Security Advisor Shiv Shankar Menon held talks with officials from the Indian ministries of finance, petroleum and external affairs as well as the Reserve Bank to explore avenues following indications that Turkey's state-run Halkbank would stop settling oil payments on behalf of India.

"There are chances that Turkey may come under pressure after a fresh round of US sanctions imposed on Iran," an Indian official said.

On December 31, US President Barack Obama signed into law fresh economic sanctions against Iran's Central Bank in an apparent bid to punish foreign companies and banks that do business with the Iranian financial institution.

The bill requires foreign financial firms to make a choice between doing business with Iran's Central Bank and oil sector or with the US financial sector.

The legislation will not go into effect for six months in a bid to provide oil markets with time to adjust.

Meanwhile, energy experts say the sanctions could lead to a major hike in crude oil prices and disrupt the interests of the US and its allies that depend on oil imports from Iran.

Facing major economic troubles, the United States is reportedly the world's largest debtor nation.

Wednesday, December 28, 2011

Japan, India sign currency swap deal



Japanese PM Yoshihiko Noda (L) and Indian PM Manmohan Singh in New Delhi on December 28, 2011

Source: Press TV
http://www.presstv.ir/detail/218210.html

Japanese Prime Minister Yoshihiko Noda has signed a 15-billion-dollar currency swap agreement with India to shore up Indian rupees.

"I am convinced we need to strengthen the economic partnership," Noda said during his visit to New Delhi on Wednesday.

"Japan and India will expand their currency swap from a current USD3 billion to USD15 billion," the Japanese premier announced.

Indian Prime Minister Manmohan Singh said he was "extremely happy" with the outcome of his talks with Noda.

Under the currency swap, Tokyo could lend New Delhi dollars to defend the ailing rupee. The deal is an expansion of a USD3 billion accord that expired earlier this year.

With USD1.2 trillion in foreign currency reserves, Japan has been moving to enhance its global financial role and struck a similar swap deal with South Korea in October.

The currency agreement is an extra weapon for India, which has USD300 billion in reserves, to use for propping up the rupee.

The rupee has slid 15 percent against the dollar this year as overseas investors have withdrawn funds as they hunt for safe havens in the midst of the global financial turmoil.

Wednesday, August 17, 2011

Indians stage anti-corruption rallies

Thousands of Indians supporting Anna Hazare shout anti-government slogans in New Delhi on August 17, 2011.

Source: Press TV
http://www.presstv.ir/detail/194361.html

More and more Indians are taking to the streets across to publicly show their discontent with the rampant corruption in the country.

Massive rallies were also held in reported in Mumbai, Bangalore, Hyderabad, Kolkatta, Chennai, Patna, Lucknow, Bhopal, Ahmedabad, Bhubaneshwar, Ranchi and Bhopal.

Massive protests have also been reported from several smaller cities and towns across India.

The crowds chanted anti-corruption slogans and urged the government to step up its anti-graft activities.

The developments come after India arrested activist Anna Hazare for going on an indefinite hunger strike in protest to the new anti-corruption law

The 74-year-old Hazare, who was arrested on Tuesday, has refused to end his hunger strike or leave prison despite the government decision to release him.

At least 1,200 of Hazare's supporters were also arrested.

Hazare has emerged as a prominent national figure for his anti-graft campaign in India where a series of corruption scandals have hit the government of Prime Minister Manmohan Singh in recent months.

Congress-led Indian government has promised to increase the penalty and speed up trials for those accused of corruption.

Sunday, July 31, 2011

'Iran-India oil payment row resolved'


National Iranian Oil Company Managing Director Ahmad Qalebani

Source: Press TV
http://www.presstv.ir/detail/191742.html

National Iranian Oil Company (NIOC) says the $5-billion oil payment dispute between India and Iran has been resolved without any interruption in the crude exports.

NIOC Managing Director Ahmad Qalebani said on Sunday that after intensive negotiations between the Islamic Republic and India, the two sides agreed to clear the debts as soon as possible, Shana -- the official website of Iran's Oil Ministry -- reported.

Qalebani noted that New Delhi will pay off some of the arrears of the past months over the next few days, and the rest is to be gradually paid.

"In the coming days part of India's oil debt will be cleared and the rest will be gradually settled," he said.

India is Iran's second largest client after China, but Indian firms have been struggling for more than six months to pay Tehran because of international banking sanctions imposed on the Islamic Republic over its nuclear program.

Earlier last month, Tehran warned it would halt exports to India from next month unless the payments dispute was resolved.

Monday, July 18, 2011

'Iran may cut oil flow to India in Aug.'


Source: Press TV
http://www.presstv.ir/detail/189700.html

Iran could stop oil exports to India starting on August 1 if the financial dispute over the payment of arrears is not resolved, according to an Iranian Oil Ministry official.

The unnamed official told the Fars news agency on Monday that Iran does not want to halt oil shipments to India indefinitely and will only halt deliveries scheduled for August if India fails to pay its debt to the Islamic Republic.

Also on Monday, Central Bank of Iran Governor Mahmoud Bahmani said that there have been some negotiations with Indian officials over the overdue payment, which now stands at five billion dollars. Bahmani corrected earlier reports that said the figure was nine billion dollars.

In February 2011, Iran and India agreed to set up a new mechanism for the oil payments using euros through the EIH Bank in Germany.

On April 7, Germany rebuffed pressure by the United States and the European Union to close down the EIH Bank, announcing that it has no proof that any illegal activities are being conducted by the bank.

German Foreign Ministry spokesman Andreas Peschke said that the EIH Bank will continue its activities in the European country.

India imports 84 percent of its oil requirements and depends heavily on oil from the Middle East to power its economy.

Iran is reportedly India's second biggest oil supplier after Saudi Arabia and exports about $12 billion of petroleum to Asia's third largest oil consumer

Monday, June 6, 2011

India police attack anit-govt. protesters



Indian police clashed with thousands of Baba Ramdev's followers in New Delhi on Sunday

Source: Press TV
http://www.presstv.ir/detail/183311.html

Indian security forces have raided an anti-corruption rally led by a controversial yoga guru Swami Baba Ramdev in the capital city of New Delhi.

Police used tear gas to disperse his followers, injuring some 30 people.

Ramdev along with a large number of his supporters went on an indefinite hunger strike in an attempt to end rampant corruption in the country.

The guru has accused politicians of gaining large sums from the "people's hard-earned" money. India's most famous yoga trainer has also called for the death penalty for corrupt government officials.

Ramdev claims he has no political affiliations, but his protest was backed by activists from India's main opposition Hindu-nationalist Bharatiya Janata Party (BJP).

The developments come as a series of corruption scandals have hit the government of Prime Minister Manmohan Singh in recent months.

Congress-led Indian government has promised to increase the penalty and speed up trials for those accused of corruption.

Tuesday, April 26, 2011

'Food inflation threatens millions in Asia'



Source: Press TV
http://www.presstv.ir/detail/176765.html

According to an ADB report released on Tuesday, domestic food price inflation hit an average of 10 percent in developing Asian countries at the start of the year.

The costs of essentials such as wheat, corn, sugar, edible oils, dairy products and meat underwent a double-digit rise, while the price of rice -- one of Asia's staple foods -- is also expected to peak.

If the situation is not contained, this can push at least 64 million people -- or nearly 2 percent of Asia's 3.3 billion people -- below the poverty line of USD 1.25 a day, the Manila-based bank warned.

Coupled with skyrocketing oil prices the current food price hike could also reduce economic growth in Asia by up to 1.5 percent this year.

While Asian economies have emerged strong from the 2008 global financial crisis, the rising cost of living has become a big concern in the region.

ADB's chief economist Rhee Changyong said Tuesday that if the global food crisis is left unchecked it could even undermine recent gains made in Asia's poverty reduction.

To stem the looming crisis many Asian countries have so far imposed export bans on their products, a practice that is not helping the cause, according to Rhee.

Instead, nations should strengthen social safety nets, increase investments in agricultural infrastructure and expand storage facilities, the ADB's senior economist said.

He added that these measures will ensure that food produce is not wasted, thus helping to keep prices in check.

Monday, April 4, 2011

Arms companies eying crisis-hit nations


Source: Press TV
http://www.presstv.ir/detail/172905.html

Arms manufacturers have no worries about their income as they simply capitalize on the volatile situation in crisis-hit countries, a new report says.

Although some countries have slashed their arsenals, arms spending has generally increased, Deutsche Welle reported.

NATO member states, including the United States, flaunt their military prowess in the Middle East just as Iran shows off its warships in the Gulf of Aden.

It is not yet clear which country will send weapons to rebels in Libya, but it goes without saying that Libyan Leader Muammar Gaddafi's regime previously received the best weaponry form France and Italy.

An Austrian business daily reports that since the start of unrest in North Africa shares of arms companies and aircraft manufacturers have grown 8.4 percent in value -- roughly double the figure predicted.

The United States makes the most profit in international arms trade followed by Russia.

Germany, China, Britain and France are among other leading arms exporters in the world.

Italy and the Netherlands are also among the top ten international producers and exporters of munitions.

The most lucrative arms deals in 2010 were signed with India, Pakistan, Australia, South Korea and Singapore. An old customer of Russia, India accounts for nine percent of the global arms purchases.

Leading Western weapons producers include the American companies Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, Raytheon and the British BAE Systems as well as its American subsidiary. They collectively pocket some USD 200 billion dollars in global arms trade.

The European EADS company has a $15 billion revenue, roughly half of Lockheed Martin's earnings.

Wednesday, December 29, 2010

France to build reactors for India


France's nuclear giant Areva will construct two nuclear reactors in India by 2020

Source: Press TV
http://www.presstv.ir/detail/157705.html


An Indian state-run nuclear company and a French firm have signed a 9.2-billion-dollar deal for the construction of two nuclear reactors in India by 2020.

Nuclear Power Corporation of India (NPCIL) and France's nuclear group Areva inked a series of contracts for building two 1,650-megawatt reactors in India.

The development comes two years after Areva reached an agreement with India on the supply of six European pressurized reactors (EPRs).

"India has little experience in the field of civilian nuclear power, which entails a large amount of technical preparation and lengthy negotiations," an Areva engineer said.

India's Environment Minister Jairam Ranesh says that the project will be implemented on a 1,000-hectare site at Jaitapur, south of Mumbai and fulfils all the conditions to "reconcile the objectives of economic growth, fuel-mix diversification, global diplomacy and environmental protection."

Until 2008, there was an embargo on sales of civilian nuclear technology to India, but it is now the third country to purchase from Areva, after Finland and China.

India currently satisfies 70 percent of its energy needs from coal.

ICJ delivers ruling in favour of South Africa

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