Godhra Train`Conspiracy’ and Indo US Nuke deal: Condense Muslim Hate Based Global Hegemony Justifies Ethnic Cleansing!

Godhra Train`Conspiracy’ and Indo US Nuke deal: Condense Muslim Hate Based Global Hegemony Justifies Ethnic Cleansing!

Troubled Galaxy Destroyed Dreams: Chapter 72

Palash Biswas



News results for Nanavati commission report

BBC News CPI-M questions timing of Nanavati Commission report release - 6 hours ago

New Delhi, Sep 26 (PTI) Questioning the timing of the release of the Nanavati Commission report, the CPI(M) today asked the authorities to keep the ...

Press Trust of India - 364 related articles »
SC refuses to stay circulation of Nanavati report on Godhra - Press Trust of India - 46 related articles »
Muslim mob attacked train: Nanavati Commission - Hindu - 4 related articles »


News results for Indo US Nuclear deal
ABC News US House set to vote on nuclear deal - 5 hours ago

The US House of Representatives is set to vote on the crucial Indo-US nuclear deal today. The vote was postponed on Thursday. The development comes even as ...

NDTV.com - 1183 related articles »
Senate panel approves Indo-US nuclear deal - Press Trust of India - 387 related articles »
New twist to Indo-US nuke deal controversy? - Hindu Business Line - 68 related articles »

Nanavati Commission
In Part-III of this report, the Commission has referred to some of the .... JUSTICE NANAVATI COMMISSION OF INQUIRY. 1984 ANTI-SIKH RIOTS. New Delhi ...
www.carnage84.com/homepage/nancom.htm - 153k - Cached - Similar pages - Note this
NDTV.com: Nanavati Commission report an eyewash: Paswan
25 Sep 2008 ... All Ndtv news on India:Nanavati Commission report an eyewash: Paswan - Terming the Nanavati Commission report tabled in the Gujarat Assembly ...
www.ndtv.com/convergence/ndtv/story.aspx?id=NEWEN20080066686 - 93k - Cached - Similar pages - Note this
CPI-M questions timing of Nanavati Commission report release
New Delhi, Sep 26 (PTI) Questioning the timing of the release of the Nanavati Commission report, the CPI(M) today asked the authorities to keep the ...
www.ptinews.com/pti%5Cptisite.nsf/0/29866BF94F410B85652574... - 20k - 6 hours ago - Cached - Similar pages - Note this
nanavati commission report
26 Sep 2008 ... The findings of the Justice Nanavati Commission report on the Godhra train fire and the subsequent communal carnage in Gujarat has been ...
cpim.org/statement/2008/09262008-nanavati%20comm%20report.htm - 8k - 7 hours ago - Cached - Similar pages - Note this
VHP welcomes Nanavati Commission report
25 Sep 2008 ... The Vishwa Hindu Parishad on Thursday described as a.
ia.rediff.com/news/2008/sep/25godhra3.htm - Similar pages - Note this
Lalu expresses disbelief over Nanavati Commission report- Politics ...
25 Sep 2008 ... NEW DELHI: Expressing disbelief over the Nanavati Commission report which gave a clean chit to Gujarat Chief Minister Narendra Modi, ...
economictimes.indiatimes.com/News/PoliticsNation/Lalu_expresses...Nanavati_Commission_report/.../3527871.cms - 37k - Cached - Similar pages - Note this
3 suicide bombers blow themselves up in Karachi
Three suicide bombers suspected of planning an attack on a "high-profile" target in Pakistan's southern port city blew themselves up after police surrounded the house they were hiding in.

'3 Pak militants killed in Karachi clash'
Three Pakistani militants blew themselves up after police raided their hideout, preventing a major attack in the country's biggest city Karachi.

Meltdown ends US superpower status: Germany
The US banking crisis is an "earthquake" that will cost the US its role as "superpower in the world financial system", German Finance Minister Peer Steinbrueck said.

Indo-US civilian nuclear agreement - Wikipedia, the free encyclopedia
The former Under Secretary of State of Political Affairs, Nicholas Burns, one of the architects of the Indo-U.S. nuclear deal said “India’s trust, ...
en.wikipedia.org/wiki/United_States-India_Peaceful_Atomic_Energy_Cooperation_Act - 177k - Cached - Similar pages - Note this
Highlights of Indo-US nuclear deal - The Financial Express
3 Aug 2007 ... Following are the key aspects of the Indo-US civil nuclear deal.
www.financialexpress.com/news/Highlights-of-IndoUS-nuclear-deal/208405/ - 64k - Cached - Similar pages - Note this


A commission of omissions

Rathin Das , Hindustan Times
Email Author
Ahmedabad, September 26, 2008
First Published: 00:49 IST(26/9/2008)
Last Updated: 00:51 IST(26/9/2008)

The Nanavati Commission report describing the 2002 Sabarmati Express fire at Godhra as a conspiracy has not surprised anyone. The report has in fact confirmed the worst apprehensions of rights activists, Non-Governmental Organisations and lawyers that the commission would toe the BJP line that the fire was the result of a conspiracy.

The composition of the commission itself had courted controversy from the beginning.

Justice KG Shah, who initially formed the single-judge panel, had the dubious reputation of having sentenced some Muslims to death merely on the basis of circumstantial evidence. The Supreme Court had turned down his ruling and passed strictures against such judgements, which relied merely on circumstantial evidence, eminent laywer Girish Patel recalled.

The hue and cry in judicial and activist circles over Justice Shah’s alleged ‘saffron’ background had forced the Gujarat government to appoint Justice GT Nanavati as the new chairman of the reconstituted two-judge commission. After Justice Shah died in March this year, the Modi government filled the vacancy with retired High Court judge Akshay Mehta, perceived to be sympathetic to the ‘saffron’ cause.

Informed sources are amazed that the commission has not taken into consideration vital evidence which contradicts the conspiracy theory propagated by Narendra Modi and other BJP leaders. For example, Hari Prasad Joshi, who lost his wife in the fire, had narrated how the rear of his jacket caught fire from above when he was crawling out of it through dark smoke. His testimony contradicts the police theory that petrol was poured on the floor of the compartment.

No wonder Dr Mukul Sinha, physicist-turned-legal activist who had appeared before the Commission for six years till Justice Akshay Mehta was appointed as the second member, described the report as an “absurd conclusion”. Human rights activist Dr JS Bandukwala has called the Godhra report a “shame” on Gujarat’s judiciary.
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=IndiaSectionPage&id=428a340f-f391-4b5d-8a0d-330f28aa2879&&Headline=A+commission+of+omissions&strParent=strParentID


TERROR, COME, SOON, SOON
- A strategic alliance with the US will extract its own price
Cutting Corners
ASHOK MITRA


There is no way to dodge the wages of indiscretion: Pakistan is currently in the process of grasping that lesson. It was one of the earliest countries to opt for the bondage of strategic alliance with the United States of America. Half a century later, the apparatus of decision-making, and not just in defence matters, is no longer in the control of the country’s nominal rulers. It is now too late for them to try to reclaim the sovereignty of their nation.

The fight against what it loves to describe as global terror is a total war to the US administration. National frontiers are irrelevant in the conduct of this war. As in Iraq, the much-touted invasion forces in Afghanistan too have been of little avail. The Taliban were driven out of the main towns, Kabul and Kandahar were ‘captured’ by American troops, a puppet government was duly installed. None of this has disturbed the underpinning of reality. The Taliban reorganized themselves in no time. They are once more omnipresent, here, there and everywhere, in Afghanistan. The Hamid Karzai regime has only a token presence in Kabul. Even the capital’s thoroughfares do not offer safe pasture to either American personnel or US-leaning members of the diplomatic corps though.

Emulating the Americans, the Taliban too have learnt to penetrate formal national borders; they have infiltrated, extensively, into Pakistan. Peshawar, in any case, has remained a free bazaar for AK rifles and similar other accoutrements of warfare for at least a score of years. Besides, the growth of indigenously nurtured anti-American sentiment has been inevitable in the wake of the US administration’s grand declaration of the resolve to obliterate Islamic terror. With every emerging story of American atrocities in Iraq or Afghanistan, emotions surge a little further in Pakistan. The entire country is now not far from being a cordial reception centre for eager beaver Taliban zealots. Scratch a Pakistani mind: one half of it leans in the direction of liberal democracy and the lure of material comforts snuggling up to Americans can supply, the other half is ideologically identified with the Taliban and jumps in joy as tidings reach of Americans receiving a bloody nose in any part of the world.

The Americans, for understandable reasons, are not prepared to put up with this kind of situation. As Pakistanis slowly feel their way towards establishing a functional democracy, strategists work overtime in Washington DC, to take cognizance of the new realities unfolding in Karachi, Lahore and Islamabad; Peshawar perhaps has long since been written off as a lost cause.

Why flinch from facing facts — most Pakistanis would like to turn a Nelson’s eye on Taliban infiltration into their territory. Some latent sympathy for the Taliban cause apart, they do not quite grasp the rationale of fighting other people’s war. The Americans at the other end are not prepared to put up with any defiance of the covenants of the strategic alliance sealed long years ago. They have a number of ‘advisory’ kind of military and air force installations on the soil of Pakistan. Once convinced that Taliban hordes have crossed the border and are operating from within Pakistan, they cannot be deterred from launching a merciless counter-attack without caring a bit about Islamabad’s susceptibilities. Pervez Musharraf could be Pakistan’s all-power dictator courtesy Foggy Bottom; Ten Per -cent Zardari has recently been installed as the country’s president again only after his name was cleared with the US administration. Both civil and military authorities in Pakistan may, for the sake of form, post squeaky protests against American violation of their national sovereignty. They, however. know their protests are for the birds. The Americans mean business, and they are conversant with the fine print of the strategic alliance. It is again a historical process that has taken over. Give or take another five years, Pakistan would be as indescribably devastated a land as Iraq or Afghanistan is; global terror calls for global annihilation.

Read More:
http://www.telegraphindia.com/1080926/jsp/opinion/story_9889276.jsp

Condense Muslim Hate Based Global Hegemony Justifies Ethnic Cleansing!

I belong to a partition victim Bengali Hindu Refugee family ousted from its homeland in east Bengal as well as from west Bengal. I know well how hard RSS and Hindutva tried to use us against the Muslims all over the country! In North India, I personally had to resist the metamorphosis of criminalisation!

Recently only, on 21st September, 2008, All INDIA REFUGEE FRONT organised an all day workshop on Citizenship Amendment act. I was invited but I dared to refuse bluntly as I was aware of their intentions. It turned out to be a focus on Muslim Infiltration and demographic Changes in West Bengal as propagated by RSS!

The speakers included AB Thakur, the Executive President of the Front, Dr Haripad Roy, Mr Ratneshwar Sarkar, the General secretary and an Ex CPI Refugee leader, EX CBI Joint Director of fodder case fame, UN Biswas, Dr Nitish Biswas, Kolkata University Deputy Registrar and Convener of a string of CPIM supporting dalit Organisations and Mr Aditya Roy, who once upon a time worked with Dr Ambedkar!

All India Refugee Front was organised to oppose the Citizenship Amendment Bill 2003. Dr Nitish Biswas was leading all the frontal organisation while CPIM actively supported the Bill moved by then RSS originated NDA Home Minister Lal Krishna Adwani. The Keernahar Elite Brahmin Pranab Mukherjee headed the Parliamentary standing Committee who dead not hear from the refugees. In Parliament, Dr. Manmohan Singh, then a Rajya Sabha member from Assam and general Shankar roy Chowdhari, also a rajya sabha member were the only leaders who protested the Bill and demanded citizenship for the partition victims! Eventually Dr Manmohan Singh became the Prime Minister! The Bill was enacted to provide dual citizenship to NRIs and deprive citizenship of all the Bengali Refugees scattered all over the country. Pranab Mukherjee assuming as De Facto Prime Minister launched a Nation wide deportation drive against Bengali Refugees. CPIM actively supported the Enactment. In the last Assembly elections, about twenty lac names of Bengali refugees were deleted from Voters` List Branding them Bangladeshi. In West Bengal, hundreds of refugees in every district are put behind bar without trial claiming that they belong to Bangladeshi. thousands are absconding. CPIM defends only its cadres. Bangladeshi citizens are free to buy prime property in the metro and suburbans but genuine refugees are being persecuted across the political border dividing Bengal.

The Barasat workshop did not focus on the plights of refugees but it ended in a n intense Muslim hatred campaign. CPIM has lost a chunk of Muslim Votes. Communists involved in such campaign might indicate the latest strategy to blackmail the minorities to come under the Left Umbrella after the Nandigram Singur Phenomenon.

I was also elected one of the Presidents of the Front. But the RSS planned well to hijack the organisation with Left support. RSS man AB Thakur was then elected Executive President and I decided to disassociate from the Organisation.

Thakur contested in the last Loksabha Election on BJP ticket from Mathurpur in south 24 Parganas. Another prominent Refugee leader Sukriti Biswas, a former UCO Bank Union leader also contested from the same seat on republican party Ticket with congress support. but both were defeated. the third Refugee leader, Dr Basudev burman who presided the CPIM Dalit Open forum, Dalit Samanyaya Samiti with general secretary Dr Nitish Biswas, captured the seat for CPIM. The most vocal leader of the refugees is silent since then and dr Nitish Biswas bears all the load of mobilising the dalit Refugees in favour of CPIM.

The Bengali refugees were welcomed by Hindutva Forces everywhere until Mid Eighties. As CPIM made a refugee vote Bank, the Jansangha and later BJP, got a solid refugee bank in Bengali Refugees. Congress also used the refugees. ND Tiwari, KC Pant and Maneka Gandhi made their political career with solid refugee vote bank in Nainital and Pilibheet.

Bangladesh Liberation War mobilised the Hindu refugees in favour of Congress nation wide. With active Congress and RSS support Refugees overwhelmed the slums in every major cities in India. It was impossible without political support. In 1884, the Bengal refugees were also used along with SC, OBC and St communities against Sikhs.But with the introduction of neo Liberalism, unprecedented Job Crunch detected the Bengali refugees responsible in particular. The war against terror shifted the war zone right into our heart. Now the condense Muslim and dalit Hatred consolidated targeted the Bengalies residing out of Bengal. Every Bengali speaking person is identified as illegal infiltrate!

Indigenous communities worldwide practiced rituals to worship the Nature and Natural forces. Thus, the roots of Culture link the Black Untouchable aboriginal people of this planet. INCA, MAYA, DRAVID,RED INDIANS, NICOBAR, ANDAMAN and Latin American, African, European, Aussies Tribes have the heritage of History. Ancient Hindu Religion, Ancient Greek Religion, Ancient Egyptian, Ancient Mesopotamian, Ancient Central Asian and south East Asian, Ancient Chinese history of religion roots in Nature, Natural forces, myths and legends, life styles of indigenous tribes and clans. Palatalisation of Religion and Culture made the Religion the best weapon of Ruling Hegemony. The Hegemony manipulated Religion and culture to tame and enslave the aboriginal people. Thus, the Black Untouchables were forced out of mainstream. All holocausts in the history were targeted to readjustment of demography. It is a constant war against the indigenous people associated most closely with Nature because nature and natural Resources have to be used in the best interest of the Ruling Class. Except Japan, no other Asian country ever had any history of Imperialism. Even japan could not develop itself a CORE power as the Western core countries practicing Imperialism have converted the Rest of the World their Periphery.

Now the ruling Hegemony is Global.

The Ruling Class is Global.

India is burning in communal violence! In Orissa and Karnataka the Indigenous Christians are being killed.

Ruling left has launched rather an economic ethnic cleansing campaign in West Bengal!The meeting on Sunday will take place amidst speculation that Tata Motors is preparing to pull out from Singur due to continued agitation by Trinamool Congress-led opposition! A well planned ploy to break Singur Indigenous Peasants` resistance!West Bengal Chief Minister Buddhadeb Bhattacharjee on Friday requested Tata group chairman Ratan Tata to restart work at its Singur project and assured him of all help by the state administration.

Congress on Friday said it would never like the Tatas to pull out their small car project from Singur, but would also not like interests of the poor farmers to be affected.

"Congress does not at all want departure of the Tata Motors from West Bengal, but it should not be at the cost of the poor farmers of Singur," state Congress legislature party leader Manas Bhuinya said in Kolkata.

Tamil Nadu Chief Minister M Karunanidhi on Friday night warned of stern action against those who aroused religious sentiments to disturb communal harmony in the state.

In a statement, he said following the attacks on some Churches in Karnataka and Orissa, stray incidents of stone pelting on churches were reported from a few places in Tamil Nadu. The government would not tolerate any attempts to disturb communal harmony in the state, he said.

Police would take stern action against those who indulged in such incidents, he said.

Tense situation prevailed at Dharmapuram near Erode as a statue of Jesus Christ kept in front of Gnanaprakasham church was found damaged on Friday, police said.

Following this police beefed up security at churches, mosques and temples in Erode district.

Some unidentified persons had pelted stones at Christian places of worship in Paramathi Vellore in Karur district and in other places last week.

And what a coincidence, how the White christian US Ruling Hegemony welcomes the Brahaminical Hindutva Hegemony! Just realise!

India will open two new consulates in the United States possibly this year, in the cities of Atlanta and Seattle.

The decision to this effect was taken at the meeting between Prime Minister Manmohan Singh and President George Bush in Washington, Foreign Secretary Shivshankar Menon said while briefing newsmen about the Singh-Bush meeting.

Both the size of the community and its commercial interest was the criteria taken into consideration while deciding that the new consulates will be located at these cities, he said.

Both Seattle and Atlanta have a large Indian community.

To a question whether there are plans to open more consulates, Menon said, the government would like to open as many consulates as possible "but these things take time".

Currently, India has consulates in New York, Houston, Chicago and San Francisco besides the Embassy at Washington.

Menon said Singh and Bush, who share a strong chemistry, expressed satisfaction over the way the relations between the two countries, including the strategic partnership, have progressed under their charge over the last three years.

There was also an atmosphere of farewell as this was perhaps the last meeting between the two leaders before Bush leaves the White House at the end of the year.


Globalisation of ruling Hindu, White, Zionist corporate interests resulted in globalisation of Apartheid and Untouchability! Which created a post Modern Manusmriti of Galaxy Order.

The mass destruction, ethnic cleansing and genocides are also global. Industrialisation amounts to deindustrialisation killing Indigenous production system, livelihood and life.

Religion no more associates with any Natural force or Nature. it is not meant for the people anymore. People although practice religion in their daily life quite detached with the powerplay of so called religious, orthodox, conservative, secular and progressive dsciplines of Power Religion.

White Christianity, Brahminical Hindutva and Corporate Zionism no more remains a cultural or folk phenomenon. It is for the Global Hegemony, by The Global hegemony and of the global hegemony. The re alliance of Global forces represent these Power Religions to implement the Annihiliation Agenda for a full Fledged Capture of the Nature and Natural forces. This anti nature, anti human Act may not be described either as civilisation or religion!

Just see!

If we take the Asian Geopolitics as a single unit, our vision would be somewhat transparent we would see why we are indulged in infight! Why we are struck by terrorism! All Wars are exported by those bloody Core forces using the POWER RELIGIONS to polarise common People on Blind nationalism line . These wars are civil Wars classical! Insurgency and Subversion are also imported by the ruling Classes to continue the Enslavement of the majority People!

Why the Indigenous communities have to give up land, livelihood and life to create space for durable consumer goods and capital goods, so called industrialisation and urbanisation, infrastructure, retail chain, shopping malls, multiplexes, big dams, airports, highways, housing and health complex, all of which means destruction for the entire population involved comprising mostly of SC, ST, OBC, Black and Minorities! Why?

If the effluent communities may afford cars, resorts, duplex homes, and enter with enough purchasing capacity in the market, why the Indigenous communities have to be made scapegoats to enhance their shopping list!

We all know how the Hindutva forces subverted the Nuclear debate in Indian parliament and we also are aware of how the hypocrite Marxists allied with the rightists betraying Indigenous resistance against Fascism and Imperialism. Capitalist Ways have to be defended by every means! Brand India and Brand Hindutva are no different from Brand Capitalism and brand Marxism in India!

Lal Krishna Adwani did not utter a single word against USA while he was opening the trust vote debate of the NUKE Soap Reality Opera in Indian Comrador parliament! NDA and UPA allied to stop the Dalit Queen Mayawati! We know how Bobby Jindal represents India INC interests in United states of America.We know how the Brahminical Indian ruling Class always hated the Black, Untouchables and minorities including Muslims!

Since NSG cleared Indo US Nuke deal, RSS remains silent and waits very eagerly fot the Operationalisation of the deal.

I dare to forecast that Washington would never mind if India chose to make Nuclear Bombs infuture whatsoever are the provisions of 123 agreement and Hyde Act! Simply because, the war zone has already been shifted in Indian Ocean Peace zone and US War economy demands a full fledged Nuclear Race in Asia! More over, USA wants to use the Hindutva super power India to block the Economic super power japan as well as the Emerging Super power challenger CHINA!

With the nuclear deal poised for an approval by the US Congress, Secretary of State Condoleezza Rice will visit India next month to sign the 123 bilateral agreement that will seal the landmark deal.
"We are discussing the possibility of the visit of the Secretary of State to India. We have been trying it for sometime and looking for possibility of dates," Foreign Secretary Shivshankar Menon told reporters on Thursday night after talks between US President George Bush and Prime Minister Manmohan Singh.

"Rice will come to India early next month. If the Congress approves the 123 pact, it will be signed during Rice's visit," an official, privy to nuclear negotiations, told IANS.

The India-US 123 pact, the bilateral accord that set terms for nuclear business between the two countries, will be signed by External Affairs Minister Pranab Mukherjee and Rice.

Rice could not make it to an exclusive dinner Bush hosted for Manmohan Singh and his close aides on Thursday at Old Family Dining Room in the White House as she was working overtime to swing Democrats to expedite Congressional approval for the nuclear civilian agreement.

The US House of Representatives is poised to take up an approval resolution on Friday that could lead to the Congressional approval, which will effectively finalise the deal.

The Congress is scheduled to break Sep 26 for the Nov 4 elections, but indications are that the two chambers may work through the weekend and maybe even into Monday to deal with the Bush administration's $700 billion bail-out plan to save the US financial system from its worst crisis in decades.

The Bush administration is also working overtime to ensure that the India nuclear accord is wrapped up by the time Manmohan Singh concludes his five-day visit to the US Saturday.

In his talks with Mammohan Singh at the White House, Bush assured the Indian prime minister that his administration was "working hard to get the deal passed as quickly as possible".

He also underlined that Washington wanted the deal to satisfy New Delhi - a veiled reference to some contentious provisions in the bill which are being opposed by India.

The bill introduced on Thursday by House Foreign Affairs Committee chairman Howard Berman, like the Senate Committee version, makes the implementing 123 Agreement subject to the provisions of the Atomic Energy Act, the Hyde Act and any other applicable US law.

But contrary to the general impression, there is no reference to "testing" except by implication in either bill. India has maintained that it is only bound by the 123 agreement and does not comment on internal political process in another country.

As the Senate version is slightly different, the upper chamber too didn't vote on the measure on Thursday, apparently waiting for the final House version to emerge.

If the two passed versions are not identical, a select committee would have to meet in a "conference" to reconcile them before Bush can sign in it into law.




It is not mere coincidence that Indian prime Minister Dr Manmohan Singh and Pakistani President Zardari landed in Washington while the US congress votes on Indo US Nuke deal. It is not nere coincidence that in India, the Gujarat chief minister, Mr Narendra Modi, and his council of ministers have been given a clean chit by the Nanavati commission of inquiry, probing the burning of the Sabarmati Express at Godhra on 27 February, 2002 and the subsequent communal riots in the state.The probe panel also says that the burning of coach S-6 of the train in which 59 people died, was the result of a "pre-planned" conspiracy, and not an accident.
War against terrorism is the best expression of Hatred against the Black, Untouchables, indigenous and aboriginal people and minorities. On the other hand , Hindutava banks on Intense Muslim and Minority and dalit hatred!

Black untouchable indigenous Christians are attacked all over India! At the same White christian Super Power does everything possible with such a haste to make India a Hindu Nuclear Super Power!

After being postponed yesterday, the US House of Representatives is set to vote on the crucial Indo-US nuclear deal today. The Sensex lost 445 points to close at 13,102 levels on Friday as the talks on the $700 billion bailout package proposed by the US government broke down. The collapse of a major US bank, Washington Mutual, also weighed on the sentiment. In the broader markets, Nifty shed 3 per cent to end at 3985 levels. The Sensex is down 6.7 per cent and the Nifty has dropped 6.2 per cent for the week.

“The speed at which negative news is coming from US, it is frightening. The near term outlook is extremely uncertain and markets don’t like uncertainty. Though it is the best time to enter stocks with a long term perspective,” said Bharat Seth, President-Institutional Sales, Techno Shares and Stock Broking.

The confidence of India Inc in the country's business environment has dropped sharply because of high inflation, political uncertainty and volatile petroleum prices, according to economic think-tank NCAER. Firms, particularly services companies, do not find the current investment climate positive and there has been a decline of 30 percent in the outlook of firms regarding business climate of the country, shows a survey conducted by the National Council of Applied Economic Research (NCAER).The Business Confidence Index (BCI) fell by 22.9 points from 148.5 points (as captured by the survey of April) to 125.8 points as calculated by the NCAER's latest survey conducted in July.The index includes companies' perception of overall economic conditions prevailing over the next six months, financial position of the concerned firm over the next six months, prevailing investment climate in the economy and capacity utilisation.The services sector's responses indicated the greatest fall, it said.Also, the assessment of financial position of firms over the next six months shows that the consumer durables goods sector has the greatest drop among the proportion of firms with an optimistic short-term outlook.The percentage of firms expecting improvement in their financial position has declined sharply.

US Republicans have come up with an alternative bail-out plan in a bid to solve the financial crisis the country is facing. However, the move has been criticised for further stalling government efforts to stay the country's economic meltdown.


Talks were due to start again on Friday on the government's proposed $700bn bail-out plan that aims to use taxpayers' money to buy up bad debt held by US financial institutions.

A deal on the government's proposal seemed within reach, according to both Republican and Democratic legislators, but later stalled after a White House meeting between George Bush, the US president, Barrack Obama and John McCain, the two US presidential candidates, and congressional leaders.

The government's plan, proposed by Henry Paulson, the US treasury secretary, has been under discussion in congress where legislators have called for changes.

Bush, who backed the plan, appears to be open to Democratic demands to broaden the package to hard-pressed mortgage holders.

A compromise that would give legislators oversight of the deal's implementation, and US taxpayers an equity stake in a bailed-out company, as well as cap the pay of executives of rescued firms had seemed in the works until the White House meeting.




Terming the Nanavati Commission report as biased and politically motivated, a former Gujarat Director General of Police has said that it is aimed at helping Gujarat Chief Minister Narendra Modi and BJP during the next Lok Sabha elections. The report gave clean chit to Modi and Gujarat police in the subsequent post-Godhra riots that claimed over 1000 lives. The report is "immature," R B Srikumar, who is also a human rights activist, alleged.Meanwhile,the Supreme Court refused to stay the circulation of Justice G T Nanavati report relating to the Godhra carnage in Gujarat. A petition seeking a stay on the report was mentioned before a bench headed by Chief Justice K G Balakrishnan which posted its hearing for October 13. The NGO, Citizen for Justice and Peace, approached the apex court contending that a report by Justice U C Banerjee Committee on the same carnage has been stayed and a similar step should be taken for the Justice Nanavati Commission report which was tabled in the Gujarat assembly on Thursday.

The inquiry by special investigation team led by former CBI Director R K Raghavan was going on. "We can expect some truth to come out after the inquiry," he said.He said the allegations that Nanavati Commission was Modi's own commission become true after the outcome of the primary report. "I have submitted before the commission many a proof, but it was not examined properly," the former IPS officer said.

"The then Home Secretary and Government pleader even threatened me not to give a statement against the government. I had informed the commission, but it did not take it seriously," Srikumar alleged.



No particular development on the Nuke deal has come out of the white house yet even as Prime Minister Manmohan Singh met US President George Bush at the White House. Bush, during the meeting said that US is giving its 100% to get the Indo-US civilian nuclear deal approved as soon as possible but won't be able to ink the agreement in the absence of a Congressional nod . Singh expressed his faith in Bush and said that he hoped that the Indo-US nuclear deal would be approved in a manner "satisfactory" from the point of view of both the countries.




"There is absolutely no evidence to show that either the Chief Minister or any of the ministers in his council or police officers had played any role in the Godhra incident," said the report of Justice Nanavati, a former Supreme Court judge.

The report, which went into the Sabarmati Express coach burning in February, 2002 that left 58 kar sevaks returning from Ayodhya dead, said it "was a pre-planned conspiracy" hatched at the Aman Guest House in Godhra.


Reopening the wounds of the 2002 Gujarat riots, the Justice G.T. Nanavati Commission has said the Godhra train fire was a “pre-planned conspiracy” and there was nothing accidental about it as concluded by an earlier committee set up by the Centre.The Nanavati Commission — appointed by Narendra Modi — exonerates the Gujarat chief minister of any role in the February 2002 carnage which, it says, was “meant to spread terror”.It says the conspiracy was hatched by a cleric, Maulana Umarji, who had procured 140 litres of petrol the previous night to burn the coach. The doors of coaches S6 and S7 were forcibly opened and one Hassan Lala threw burning rags inside, the commission has concluded.

The 168-page report, the first part of which was tabled in the Gujarat Assembly today, says: “There is absolutely no evidence to show that either the chief minister or any other ministers in his council of ministers or police had played any role in the Godhra incident or that there was any lapse on their part in the matter of providing protection, relief and rehabilitation to the victims of communal riots.”

Meanwhile,The Centre has cracked the whip on Orissa for the second time in a week for the continuing communal violence in the state.The Centre today invoked Article 355 of the Constitution, one step away from Article 356, to ask the state to take effective, focused and firm measures to restore normality. The state was earlier warned on September 19.

In renewed violence since last night, one person was killed and another injured. More than 100 houses, two churches and prayer houses were burnt or ransacked, a senior police officer said. A retired soldier was kidnapped by a mob after he allegedly threatened to shoot the men trying to torch his house.
Reacting to the fresh violence, chief minister Naveen Patnaik said: “We have sought 10 companies of paramilitary forces…. The administration is doing its best.”

On the other hand,HRD Minister Arjun Singh has backed the decision of Jamia Millia Islamia University to provide legal aid to two of its students accused in the Delhi serial blasts, saying the step was in national interest.


Jamia Vice-Chancellor Professor Mushirul Hasan met Singh to apprise him of the decision of the university to provide legal aid to the two students, a move criticised by the BJP.

"There is nothing wrong in providing legal aid... In this case, I have got full details. Whatever Mushirul Hasan told me, I understand in this context, the decision of the university is in the interest of the nation," Singh said.

The BJP, meanwhile, has demanded dismissal of the Vice-Chancellor and termed the decision as "atrocious, anti-national and highly objectionable".

Speaking to reporters after meeting the minister, Hasan said BJP's allegation that the university was diverting the government funds for providing legal aid was "baseless".

"Providing legal aid is the decision of the Academic Council. Legal aid is the constitutional right of every person. We stand by our decision. There is no question of my resignation," he said.

Noting that the classes have been running smoothly and the recent incidents have not affected the confidence of students, he said, "the confidence of students has gone up after my interaction and peace march in the campus".

Appealing to political parties not to politicise the issue, Hasan said, "if it is politicised, the repercussion will not be good".

Asked whether he was facing any threat, Hasan said it should not affect the "principle".

Questioning the timing of the release of the Nanavati Commission report, the CPI(M) today asked the authorities to keep the "piecemeal" findings aside and wait for the directions of the Supreme Court.


The party also alleged that the report was trying to "justify" the action-reaction theory propagated by Gujarat Chief Minister Narendra Modi and the Sangh Parivar and that it was based "solely" on the investigating officer's report which was rejected by the apex court.

In a statement, party Politburo said that the report comes at a time when the country as a whole was bracing to meet the challenges posed by a series of terrorist attacks.

"It (report) tends to reinforce communal stereotypes and prejudices rather than strengthening the need to pursue unbiasedly and impartially the anti-national criminals who are perpetrating such terrorist attacks.

We are of the opinion that these findings must be kept aside and the country must await the directions of the apex court and the contingent investigations ordered," it said.

Noting that the report has come after an "abnormally long delay and that too in a piecemeal fashion, raising many needless suspicions", the CPI(M) said the timing of the release of the first part of the report comes on the eve of elections to some state assemblies and the second part is slated to be released on the eve of the coming general elections.

The Nanavati Commission which probed the fire in the Sabarmati Express coach in Godhra has said that it was a "pre- planned conspiracy" and not an accident and gave a clean chit to Modi, his ministers and police in the post-Godhra riots that claimed over 1,000 lives in 2002.


At least 58 kar sevaks of the Vishwa Hindu Parishad returning from Ayodhya were charred to death in a blaze that swept through coach S6 of the Sabarmati Express at Godhra, 150km from Ahmedabad, on February 27, 2002.

The VHP-Bajrang Dal cited the carnage to justify the post-Godhra pogrom that left some 1,500 people dead. An investigation into the riots constitutes the second part of the report, which will be submitted before December 31.

The findings contradict those of the U.C. Banerjee Committee — later upgraded to a commission of inquiry — set up by railway minister Lalu Prasad in 2004. It said the train fire was accidental and there was no mob at the station that could have carried out such an attack. The report debunked the state government’s claim that the coach was set on fire by a Muslim mob.


Modi: Riot certificate
The committee was formed to look into the “causes and technical aspects of the fire”. Its report was to have been tabled in Parliament but Gujarat High Court stayed it after a Godhra survivor filed a petition citing that the Nanavati Commission was already looking into the matter. The apex court upheld the stay.

The Nanavati findings were dismissed as an “eyewash” by the Opposition and riot victims. Saeed Umarji, the son of Maulana Umarji, described the report as “biased”.

“The police arrested my father one year after the incident. They declared my father a mastermind on the basis of the statement given by one criminal,” he said.

Advocate Mukul Sinha, who represents riot victims and cross-examined witnesses before the commission for six years, rejected the findings as an “absurd conclusion which is not supported by independent evidence”.

The Nanavati Commission — which also has as member retired Justice Akshay Mehta — relied heavily on the report tabled in the trial court by investigating officer Noel Parmar, which was rejected by the Supreme Court.

The apex court later set up a special investigation team to probe the major 2002 riot cases, including Godhra, which is yet to give its report.

The Pota review committee, which visited Gujarat two years ago, had said the terror law could not be applied to the Godhra accused. The train carnage accused — over 70 are in the Sabarmati Central Jail — were booked under Pota.

The Congress walked out of the Assembly in protest today. “We have always maintained the Nanavati Commission was set up to mislead people. Our apprehension has come true,” said legislature party leader Shaktisinh Gohil.
PM says deal should satisfy India; Bush reciprocates
2008-09-26 [15:16:14 hrs]

With various conditions cropping up in the Congress legislation on the Indo-US civilian nuclear deal, Prime Minister Manmohan Singh has sought an agreement that will satisfy India, a plea that was strongly reciprocated by President George W Bush.


The two leaders, who met here for the last time during Bush's Presidency, put behind their disappointment last night over not being able to ink the agreement they had reached three years ago and praised each other's leadership in bringing about a strong strategic relationship between the two countries.

"One such sign of that leadership is the India-US civil nuclear arrangement. This has taken a lot of work on both our parts, a lot of courage on your part. And of course, we want the agreement to satisfy you and get out of our Congress. So we are working hard to get it passed as quickly as possible," Bush said in his remarks at the end on an hour-long meeting.

Singh responded warmly, saying, "I sincerely hope that the settlement which is now before the US Congress will be approved in a manner which will be satisfactory from the point of view of both of our countries."

He went the extra distance to praise Bush saying, "And when history is written, I think it will be recorded that President George W Bush made an historic goal in bringing our two democracies closer to each other."

The Senate Foreign Relations Committee on Wednesday approved overwhelmingly a legislation on the deal which has a provision that all nuclear cooperation with India will cease in case of a nuclear test by New Delhi.

The provision was also included in the bill moved by Congressman Howard Berman in the House of Representatives yesterday.

Six more diesel submarines after Scorpene for Navy
2008-09-26 [11:31:19 hrs]

India has initiated the process of acquiring six more submarines on the lines of the under-construction Scorpenes to augment its underwater warfare capabilities.


"The Navy has initiated the process of acquisition of six more diesel-electric submarines and has issued a Request for Information (RFI) to major manufacturers across the globe," top Defence Ministry sources told reporters on Friday.

"The Defence Ministry will now await responses from these companies and will follow it up with global tenders or Request for Proposals (RFP) next year," they said.

In all, Navy plans to procure 30 new submarines to have formidable underwater fighting capabilities.

India already has 16 submarines of the Russian Kilo and German HDW Shishumar Class.

Among the countries from where India is seeking information are France, Russia and Italy, all with major submarine manufacturing capabilities.

The new submarines would be procured as a follow-on of the six Scorpene submarines being built at the Defence Public Sector Undertaking shipyard, Mazagon Dockyards Limited (MDL), in Mumbai.

Russia, Venezuela ink energy pacts
2008-09-26 [19:47:49 hrs]

Russia has vowed to bolster ties with Venezuela as the leaders of the two states met amid what the Kremlin described as efforts to forge a "solid counterweight" to the United States.


"Today we will sign a series of agreements to strengthen our cooperation," President Dmitry Medvedev said as he greeted his fiercely anti-US Venezuelan counterpart, Hugo Chavez.

Medvedev said he expected to sign agreements on cooperation "in the economic and military spheres" but two deals inked at a public ceremony pledged to boost energy ties between the two oil-rich US rivals.

Medvedev spoke after Chavez, making his third visit to Russia since June 2007, met Prime Minister Vladimir Putin outside Moscow late on Thursday. Putin offered Russian help for developing nuclear power in Venezuela.

Chavez's visit came after Russian-US tensions soared in the wake of last month's conflict between Russia and Georgia, a US ally located in a vital energy transport area.

Speaking through a translator, Chavez thanked his "friend" Medvedev and reiterated his backing for Russia's recent actions in Georgia.

"I would like to use this occasion to offer our full, modest but completely solid support for Russia's actions" in the Caucasus, said Chavez, adding: "We understand how the people of South Ossetia were attacked" by Georgia.

Earlier this month, Russia dispatched a pair of Tu-160 strategic bombers to Venezuela followed by a naval flotilla led by the nuclear-powered guided missile cruiser Peter the Great, one of the largest warships of its kind.

The Russian warships were to take part in joint manoeuvres with the Venezuelan navy in a part of the world the United States has traditionally regarded as its backyard.

"Soon, at the start of November, we will begin quite large military manoeuvres," Medvedev said. "All of this shows the strategic nature of our relations."

The United States has said it will be watching the exercises very closely.

"Today like never before all that you said on the multi-polar world becomes reality. Let us not lose time," Chavez told Putin. "The world is fast developing geopolitically."

Prior to Chavez's arrival in Russia, the Kremlin announced Moscow had agreed to grant Venezuela a one-billion-dollar (682-million-euro) loan to buy Russian arms.

Venezuela has signed deals for 4.4 billion dollars' worth of Russian arms since 2005, including fighter jets, tanks and assault rifles.

After Friday's meeting the heads of Russian gas giant Gazprom and Venezuelan energy firm PDVSA signed an agreement that Chavez said paved the way for the formation of "a oil and gas consortium between PDVSA and Gazprom."

Russian Energy Minister Sergei Shmatko and his Venezuelan counterpart Rafael Ramirez then signed an agreement "to develop a special additional inter government agreement in the energy sphere."

Venezuela is the world's ninth biggest producer of oil and is a major supplier to the United States, while Russia is the world's second largest oil exporter and controls a quarter of global natural gas reserves.

Chavez arrived in Russia from China and was to continue on to France as part of a world tour ahead of local elections in Venezuela in November.


Republican proposal

Inside the White House session, John Boehner, the House Republican leader, announced his concerns about the emerging plan and asked that the Republican alternative be considered, aides said.

Senior Democrats put the blame squarely on McCain, saying his decision to endorse the new Republican plan that differs markedly from the one that had been under deliberation for about a week, threw the process into disarray.

"John McCain did nothing to help, he only hurt the process," Harry Reid, the senate majority leader, said after the White House talks.

At an impromptu news conference, Barney Frank, the Democratic chairman of the House of Representatives financial services committee, brandished a single sheet of paper that he said was the sum of new Republican proposals introduced at the last minute after a week of sleepless nights in congress.

But McCain stood by the Republican proposal.

"The plan that has been put forth by the administration does not enjoy the confidence of the American people as it will not protect the taxpayers and will sacrifice Main Street in favour of Wall Street," McCain's campaign said in a statement.

Sceptical public

Reflecting the unease of many Republicans at the government's unprecedented intrusion into private enterprise, the new plan calls for an independent entity to dispose of bad assets, and a cut in capital gains tax.

Few Americans support the government's proposed bail-out.

"It needs to be modified so that it helps the everyday person who is losing their home," Carole Bailey, from California, told Al Jazeera.

James Berard, a voter in New York, said: "They should let the companies and the executives suffer, I myself have lost $150,000 from my retirement accounts."

In New York on Thursday, hundreds of labour unionists protested against the plan near the New York Stock Exchange.

"We want our tax dollars used to provide a hand up for the millions of working people who live on Main Street and not a handout to a privileged band of overpaid executives," union leaders said.

McCain has come under fire for bringing presidential race politics into the debate.

Christopher Dodd, the senate banking committee chairman, called the White House meeting, convened by Bush at McCain's request, a "photo op and political theatre that had nothing to do with us getting to work".

McCain 'hopeful'

But McCain said legislators were on track for a deal and Steve Schmidt, one of his senior advisers, said it was Reid who had said McCain's help was needed to help corral Republican support for the plan.

McCain also said he was "very hopeful that we'll have enough of an agreement tomorrow [Friday] that I can get to" a televised debate with Obama on Friday night in Mississippi.

On Wednesday, McCain urged Obama to postpone the debate - the first of three that may prove pivotal in the November 4 election - a call the Democratic candidate rejected.

Rob Reynolds, Al Jazeera's senior Washington correspondent, said it did appear as if the injection of presidential politics had had an adverse effect on the delicate process of negotiations to come up with a deal.

Asian stocks and the US dollar fell on Friday as the US bail-out plans stalled.

Banks around the world are seeking to ensure a flow of credit amid the financial turmoil.

The Bank of Japan pumped a total of 1.5 trillion yen ($14bn) into the Tokyo money market, according to data on its website, on Friday.

Meanwhile, new evidence of the sector's distress came late on Thursday as the US government shut down Washington Mutual, allowing JPMorgan Chase to buy the bank's operations for $1.9bn.

Buddha gives up Nano hope

Statesman News Service
http://www.thestatesman.net/page.news.php?clid=1&theme=&usrsess=1&id=224125
KOLKATA, Sept. 25: With chief minister Mr Buddhadeb Bhattacharjee admitting to his Cabinet colleagues there is not even a ghost of a chance of the Tata Motors’ small car project at Singur taking off, the state government today make a desperate last minute effort to save the project
The state Cabinet, which met today, issued a rather unusual statement urging the Tatas to stay back.
“The chances of the Tata Motors continuing with the project are now nil. In view of the current situation they have refused to work with police protection,” Mr Bhattacharjee reportedly told the Cabinet when the fisheries minister, Mr Kironmoy Nanda, asked the chief minister about the latest developments in Singur towards the end of the customary monthly meeting.
The chief minister's statement prompted intense deliberations among the Cabinet members on what can be done to save the project.
The higher education minister, Prof. Sudarshan Raichaudhuri, proposed that the state government should reach out to the people on the issue. Later, a statement was drafted which said: “The members of state Cabinet appealed to the Tata Motors not to shift their project from West Bengal, assuring them of full support and cooperation.”
They also urged the Opposition to accept the special package announced by the state government and help in implementing it. The Cabinet expressed its concern to the people of Singur and the state as well.
On the other hand, the Governor Mr Gopalkrishna Gandhi today said the state's people wanted a solution to the Singur land acquisition problem. He was addressing the annual general meeting of the Bengal Chamber of Commerce and Industry.
“People of the state want a solution to the Singur issue. They desire and deserve a solution. Moreover, people have confidence in those who are dealing with the issue,” Mr Gandhi said. He added that “change in every field of life is essential for growth and development of the country.”
The Governor's comments came a day after his veiled criticism of the Left Front government for its handling of the Singur issue.
Though there was still no word from the Tatas, their intentions, with machinery being moved out of the Singur plant, seem pretty obvious now, barring, of course, a last-minute deal.
While Mr Ratan Tata has written to the chief ministers of Maharashtra and Andhra Pradesh stating that TML is looking for alternatives to Singur, and a 1000-acre lease, the company is yet to decide on manufacturing the Nano from Pantnagar. Uttarakhand chief secretary Mr IK Pande said today “We asked, but company officials said no decision has yet been taken.”
Trinamul Congress chief Miss Mamata Banerjee, meanwhile, has countered the CPI-M contention that the Raj Bhavan accord was but an announcement of intent of the state government. She said the prolonged talks at Raj Bhavan on 7 September had culminated in an agreement, though the state government went back on its word and scuttled the small car project.
Miss Banerjee said: “We don’t want the Tatas to move out. It's the CPI-M which doesn't want that both industry and agriculture should flourish in the state.”
She was speaking at a rally organised by Trinamul Congress-led Progressive Secular Democratic Front (PSDF) to observe Singur Day.
“We have proposed that Singur should be a model village where both industry and agriculture would thrive together. But the state government by unilaterally declaring the package has violated the Raj Bhavan accord which was duly signed by the state industries minister and the Leader of the Opposition,'' Miss Banerjee said.
She appealed to the government to “operationalise'' the Raj Bhavan accord as early as possible if “they are serious about industrialisation in the state”.
Mr Samir Patutundu, PDS leader and member of Krishi Jomi Jiban Jibika Raksha Committee, said the Tatas won't move out and that the pull out threat was but “a political gimmick” by the CPI-M to pressure the Opposition.
“Nano will roll out from Pantnagar to meet the deadline. The Tatas are just biding their time as there are legal complications on Singur land,” he said.
Mr Biman Bose, CPI-M state secretary said it would be a great loss for the state, including the people of Singur, if the Tatas move out. He said the “unholy forces that are directly and indirectly creating obstacles for the project don’t want the state’s development.”
“The real intent of these forces”, he said, would have to be exposed and a movement launched “without being provoked by the forces of chaos.”


N-deal gets Senate panel nod as Manmohan Singh arrives





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Arshad Mohammed, Reuters

Washington, September 24, 2008

First Published: 01:39 IST(24/9/2008)
Last Updated: 13:01 IST(24/9/2008)



Print




As Prime Minister Manmohan Singh arrived in the United States, a key Senate panel approved the landmark India civil-nuclear deal raising hopes it may yet be done before he meets President George Bush on Thursday.

The Senate Foreign Relations Committee voted 19-2 in favour of the accord at a business meeting on Tuesday afternoon with only Wisconsin Democrat Russell Feingold and California Democrat Barbara Boxer voting against the agreement.

The only amendment moved by Feingold to toughen restrictions on selling India the technology to reprocess nuclear fuel was defeated on a 15-4 vote.

The senate step pushed the prospects of the deal's approval by the full Congress before the Manmohan Singh-Bush meeting, but there is still an element of lingering uncertainty with the House Committee on Foreign Affairs yet to indicate if and when it's going to take up the issue.

Another major hurdle is the fact that lawmakers and officials are grappling with a $700 billion Bush administration bailout plan for Wall Street facing a meltdown rushing to complete the process by Sep 26 when they break for the November 4 election.

There are some indications that the Congress session may be extended by a week to deal with the massive crisis threatening the US financial system. The India deal could be pushed into that grey area. Alternatively the Congress could take it up with other pending legislations in a lame duck session after the elections.

Manmohan Singh acknowledged as much as he expressed cautious optimism about the deal being wrapped up during his US trip ending on Saturday.

"We are hopeful that the deal will be finalised," he told reporters as he flew from Frankfurt to New Yorksaid. But "much will depend on the US Congress," he added noting, "They (US) are preoccupied with the global financial situation."

Democratic vice presidential candidate Joseph R Biden, who is also the chairman of the panel, as also its top Republican member Dick Lugar, hailed the approval of the legislation as a "significant" and "important" steps towards seizing "an important strategic opportunity."

"It's a very important milestone in the relations between two great democracies," said Democrat Christopher J. Dodd, who chaired the afternoon hearing in the absence of Biden away campaigning. "At least for this committee, it is progress that we have moved this issue off the table."

"What better present could we give to the prime minister than to get this passed?" asked Dodd. He was "confident" that the House and Senate could find the time in the next few days for a final vote on the pact, said Dodd but noted that, as chairman of the Senate banking committee, he was consumed right now with negotiations on the bailout package.

But even as Biden "showing commitment to peaceful nuclear cooperation with India - the world's largest democracy" vowed to "continue fighting as hard as I can to achieve this important victory" he reminded: "Today's committee passage is significant, but several steps remain before this bill becomes law."

"I hope Congress can complete the job in the few days remaining before adjournment," he said noting, "Lugar and the other Members of this Committee have worked hard to forge a bipartisan compromise on this important and complex issue."

"Enactment of this bill will help the US-India relationship grow, while advancing India's ability to meet its energy needs in a way that fits within the cooperation framework Congress has worked so hard to establish, Biden said.

Describing Senate panel's approval as "an important step for the United States and India to seize an important strategic opportunity," Lugar noted:

This cooperation and agreement has been developed through extensive public hearings and a public record that answers hundreds of questions.

"This has resulted in overwhelmingly favourable congressional votes at each step of the process," he said. The enabling US law, the Hyde Act enacted in December 2006, was passed by an overwhelming 359-68 votes in the House of Representatives and 85-12 in the Senate.

"I am confident that we have cooperation from the Bush Administration and a strong bipartisan team in Congress to complete action on the bill this year," Lugar said.

The Senate panel's voting Tuesday came after "an original bill to approve the United States-India Agreement for Cooperation on Peaceful Uses of Nuclear Energy, and for other purposes", co-sponsored by Dodd and Lugar was added on the agenda of the committee at the last minute.

But the House Committee's Democratic chair Howard Berman is still holding out despite the Bush administration pulling out all stops to get the deal done before Manmohan Singh comes calling. Secretary of State Condoleeza Rice has met Berman a couple of times to keep up the push.

Berman says he supports the deal but has reservations about the Sep 6 Nuclear Suppliers Group (NSG) waiver for India for nuclear trade. The committee spokesperson Lynne Weil, according to a media report, said it was discussing ways to expedite a vote on the agreement.

http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=WorldSectionPage&id=9767b95c-f8b8-446d-90ee-fb98e2c02ac1&&Headline=Nuclear+deal+gets+Senate+panel+nod&strParent=strParentID

Turmoil in global financial market deepens
26 Sep, 2008, 2323 hrs IST, REUTERS

NEW YORK: Pressure mounted on US lawmakers to agree on a $700 billion financial rescue plan after the collapse of talks in acrimony and the biggest bank closure in US history roiled global markets.

President George W Bush acknowledged that there were disagreements but expressed optimism that Congress and the White House would come together on the proposal to rescue the US financial system.

But as negotiations deteriorated into clashes between Republicans and Democrats in Washington, and as Treasury Secretary Henry Paulson met with lawmakers, turmoil in global financial markets deepened.

US regulators seized bank Washington Mutual Inc on Thursday, the biggest bank failure in the nation's history, and sold its assets to JPMorgan Chase & Co. In Europe, Belgian-Dutch financial group Fortis NV denied it had a liquidity problem after its shares tumbled more than 20 percent to a 14-year low.

Banks worldwide hoarded cash and showed a growing reluctance to lend, driving rates that institutions charge to each other on loans to a record high in London.




Also Read
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→ Bush scrambles to save $700 bn US bailout plan
→ US calls in big guns as bailout battle rages
→ Crisis damps US consumer recovery in Sept: Survey
→ Emerging markets face capital flight risk: Morgan Stanley


Wachovia Corp, the sixth-largest US bank, saw its stock price tumble 20 percent, while National City Corp, a Midwest regional bank, skidded 22 percent. America's banking industry confronts a rising tide of home foreclosures and loan defaults that has spawned the worst financial crisis since the Great Depression.

"What you're going to see is the strong stronger, and the weak are going to die off," said William Smith, president of Smith Asset Management in New York.

Global money markets dried up, forcing increased injections of cash from central banks. And with no relief in sight, investors flocked to the safety of cash and US government securities.

"The consequences of this turmoil on real economic performance entail clear downside risk," St Louis Federal Reserve President James Bullard said in remarks prepared for delivery to a conference in Tennessee.

Adding to the anxiety, new data showed US economic growth was weaker than previously thought in the second quarter, and a survey showed US consumer confidence began to nosedive in September.

Citing the crisis, Europe's biggest bank, HSBC Holdings Plc, said it was cutting 1,100 jobs, adding to more than 80,000 job losses across the banking landscape in the past 18 months.

US stocks declined, following losses in Asia and Europe.

"The markets are just caught like a deer in the headlights, watching Washington, trying to figure out what the next step is," said Boris Schlossberg, director of currency research at GFT Forex in New York.

http://economictimes.indiatimes.com/Financial_crisis_Global_mkt_turmoil_deepens/articleshow/3532222.cmsk.

Bush scrambles to save $700B US bailout plan
26 Sep, 2008, 2111 hrs IST, AGENCIES

WASHINGTON: President George W Bush scrambled on Friday to bring rebellious members of his own party behind a multibillion-dollar government bailout of the US financial system amid bitter political recriminations from both Democrats and Republicans over collapsed negotiations.

Bush delivered a terse statement at the White House, acknowledging that lawmakers have a right to express their doubts and work through disagreements, but declaring they must ``rise to the occasion'' and approve a plan to avert an economic meltdown.

``There are disagreements over aspects of the rescue plan,'' he said, ``but there is no disagreement that something substantial must be done. We are going to get a package passed.''

On Wall Street, the level of institutional nervousness was palpable, especially after Washington Mutual Inc. became the largest US bank to fail. The Dow Jones industrial average fell more than 100 points, while fears of a deepening economic crisis fed safe-haven buying in Treasury notes.

Earlier on Friday, House Financial Services Chairman Barney Frank declared that an agreement depends on House Republicans ``dropping this revolt'' against the Bush-requested plan.

He said he and leading Democrats in Congress Hill were shocked by the level of divisiveness that surfaced at Thursday's extraordinary White House meeting, leaving six days of intensive efforts to agree on a bailout plan in tatters only hours after key congressional players of both parties had declared they were in accord on the outlines of a $700 billion bill.

Bush decided to speak and also was in constant contact with Treasury Secretary Henry Paulson, who was returning to talks with lawmakers, White House press secretary Dana Perino said. Vice President Dick Cheney canceled travel plans to remain in Washington and lobby lawmakers.

And the campaign season's first face-to-face debate between presidential candidates John McCain and Barack Obama, scheduled for Friday night, was still in doubt.


Emerging markets face capital flight risk: Morgan Stanley
26 Sep, 2008, 1850 hrs IST, REUTERS



HONG KONG: The bank industry panic that has devastated developed economies could cause capital inflows into emerging markets to fall by a quarter, increasing the risk of a global recession and even a currency crisis, Morgan Stanley strategists said on Friday.

Capital flows to emerging economies could drop to around $550 billion in 2009 from an estimated $730 billion this year, sapping a major source of growth in countries such as Brazil and China, Stephen Jen and Spyros Andreopoulos said in a note.

"A slowdown in the global economic growth rate will undermine capital flows into emerging markets. This, we believe, is a major risk to the emerging market currencies," they said.

Most of the capital that flows into emerging economies has been in the form of loans, not portfolio investments, which only make up 8 per cent of the total.




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Loans from banks and other institutions altogether make up 57 per cent of total net private sector flows, while foreign direct investment accounts for 35 per cent.

This means the shockwaves from Wall Street's implosion over the last few weeks that have accelerated a process of risk reduction and froze money markets will likely have a direct impact on emerging market capital inflows.

This will almost certainly hurt growth in emerging economies, one of the main drivers of global growth over the last year. This could slow growth in global gross domestic product below 3 per cent - a level the International Monetary Fund considers a recession.

Capital flows into emerging markets collapsed about a decade ago after the Asian currency crisis and Russian default. However, the damage to emerging markets could be greater this time because the sheer size of the capital flows has grown so much.

"As the global and emerging market economies slow into 2009, we believe that the risks are highly skewed for emerging market currency weakness. The risk of a crisis is still low, but rising, in our view," said Jen and Andreopoulos.



RBI proposes tough norms for money changing operations
26 Sep, 2008, 2141 hrs IST

Money changers will be required to report all suspicious transactions involving sale or purchase of foreign currency to watchdog Financial Intelligence Unit.

Invesors may invest $21-billion in FY 09
26 Sep, 2008, 2122 hrs IST

With FY 09 turning out to be a year of significant FII outflows, it is estimated that domestic invesors may invest $ 21-billion during the year.



Indians lead world in millionaire growth: Report
26 Sep, 2008, 2340 hrs IST



India is minting new millionaires at a faster pace than anywhere else in the world, buoyed by a fast-growing economy. Young Billionaires | Top 10 Global Brands



Turmoil in global financial market deepens
26 Sep, 2008, 2323 hrs IST



Lawmakers fear that freewheeling bankers will get off too lightly and doubt it can solve the wider crisis. Credit crisis I US govt bailout




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Economy
RBI proposes tough norms for money changing operations
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Columnists
T K Arun
RBI must start cutting rates now
The emerging markets today stand poised to play the role of lifeguards for the global economy.
Swaminathan S Anklesaria Aiyar
The end of the beginning

A major recession is now unavoidable, and this will mean more corporate defaults. Gainers & Losers | How bailout adds up | ET Awards | More from the Columnist

Jaideep Mishra
For a better compensation policy
Determine realistic market value and premium price for the acquired land.

http://economictimes.indiatimes.com/News/articlelist/1715249553.cms

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http://economictimes.indiatimes.com/News/articlelist/1715249553.cms



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Fresh News From Godhra to Nanavati - 9 hours ago

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SC refuses to stay circulation of Nanavati report on Godhra - Press Trust of India - 46 related articles »

Godhra - Wikipedia, the free encyclopedia
Godhra is a town and the originally the name came from "Gou" means "Cow" and "Dhara" means "Flow". The Cow are Flowing in the Panchmahal District, ...
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2002 Gujarat violence - Wikipedia, the free encyclopedia
The riots occurred after the Godhra train burning. In September 2008 the Godhra Commission confirmed that there was an attack on the train. ...
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Gujarat Riots | Godhra Train Massacre Godhra
Godhra, the name that reminisces ugly scenes of a burnt train, half burnt human bodies, charred limbs and subsequent clashes that turned out to be uglier by ...
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Video results for Godhra

Narendra Modi's answer on Godhra
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Special Investigating Team for post Godhra ...
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Godhra was an accident, reiterates Banerjee - Express India
25 Sep 2008 ... "I have recorded my findings that it is an accidental fire," Banerjee said when his comments were sought on the Godhra Commission report, ...
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Godhra pre-planned, Modi not involved: Nanavati panel - Express India
25 Sep 2008 ... After the post-Godhra riots, the Gujarat government had set up a Commission of Inquiry headed by retired High Court judge K G Shah in March ...
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What Happened In Godhra, Gujurat?
An account of events that transpired in Godhra, Gujurat in February 2002, which have been blamed for causing the worst inter-religous violence in India ...
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BBC NEWS | South Asia | Godhra's bitter harvest
26 Feb 2003 ... News Online speaks to the people of the Gujarati town of Godhra, one year after the start of vicious communal riots.
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The Gujarat Riots Homepage
Zaheera gets 1 year in Mumbai prison · One more accused in Godhra train carnage case arrested ... Gujarat: 11 get life imprisonment for post-Godhra riot ...
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Godhra, Godhra City Guide- about godhra town - Gujarat- Indian Cities
Godhra, Godhra City Guide, city guide - gujarat- Cities of India, information about godhra, place of interest in godhra, tourism of godhra, godhra yellow ...
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The mystery of the Godhra fire
A year after the Godhra tragedy, the mystery behind the fire on the Sabarmati Express remains unsolved, despite attempts by investigators and State ...
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Blog posts about Godhra

59 Hindus were burnt alive in Godhra:’Maulvi had planned it’ - DeshGujarat.Com - 25 Sep 2008
Offstumped on Godhra Revisited - Offstumped - 22 hours ago
GODHRA: A Conspiracy - INDIA VIEW - 15 hours ago

Searches related to: Godhra godhra kand godhra carnage godhra train



The Gujarat Genocide
In February 2002, Hindu fundamentalists carried out a genocidal ethnic cleansing of Muslims in the state of Gujarat, India. The genocide was conducted in a ...
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The Inferno of Hate, Horror and Death in Gujarat, India: The ...
Genocide in Gujarat: The Sangh Parivar, Narendra Modi, and the Government of Gujarat by Angana Chatterji, Lise McKean and Abha Sur. ...
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Remembering The Gujarat Genocide By M Hasan Jowher
Remembering The Gujarat Genocide. By M Hasan Jowher. 01 March, 2005 Countercurrents.org. Bludgeoning forex reserves, growing FDI, rising GDP accompanied, ...
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Video results for Gujarat genocide

Genocide of Gujrat, India
10 min
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Gujarat genocide -- Nishrin's moving talk
9 min
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PUNISH THE GUILTY OF GUJARAT GENOCIDE Petition
The PUNISH THE GUILTY OF GUJARAT GENOCIDE Petition to was created by People for a National Campaign For Defence of the Indian Constitution and written by ...
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Amazon.com: The Gujarat Genocide: A Case Study in Fundamentalist ...
During the Gujarat genocide, totalitarian leaders mobilized the men of the .... Garda Ghista dedicates The Gujarat Genocide to "the innocent victims of ...
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World Prout Assembly: The Gujarat Genocide
The primary "justification" given by fascist Hindus -- including the then Indian Prime Minister Vajpayee -- for the Gujarat genocide was that is was revenge ...
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Genocide in Gujarat: The Sangh Parivar, Narendra Modi, and the ...
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5 See International Initiative for Justice (IIJ) (2003) Threatened Existence: A Feminist Analysis of the Genocide in Gujarat. Pp. 81-96, URL (consulted ...
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AID - Nishrin's Moving talk on Gujarat genocide
Association for India's Development(AID) We aim to provide an alternate paradigm of development in India.
aidindia.org/main/content/view/606/199 - Similar pages - Note this
christiancouncil.in - Justice yet to reach victims of Gujarat genocide
A coalition birthed in 1998 to protect and serve the Christian Community, Minorities, and the Oppressed Castes.
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VHP welcomes Nanavati Commission report- Hindustan Times
25 Sep 2008 ... The VHP describes as a "landmark judgement" the Nanavati Commission report which gave a clean chit to Gujarat Chief Minister Narendra Modi.
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Witness84 | Latest News | Nanavati Commission 2005
The main findings of the report were that the carnage was the "outcome of a ... The depositions made before the Nanavati Commission so far emphasize the ...
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Breaking News Online: Nanavati Commission Report: Attack on ...
25 Sep 2008 ... Justice Nanavati Commission report has been tabled in the Gujarat Assembly amidst uproar and chaos created by the opposition Congress. ...
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Nanavati Commission report an eyewash: Paswan - Yahoo! India News
New Delhi, Sept 25 (PTI) Terming the Nanavati Commission report tabled in the Gujarat assembly as an "eyewash", the Lok Janshakti Party today said it did ...
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Blog posts about Nanavati commission report

Supreme Court issues notice to Gujarat Govt. on Nanavati ... - Breaking News Online - 10 hours ago
Muslim leaders' response to Nanavati Commission report - TwoCircles.net - Indian Muslim - 8 hours ago
VHP welcomes Nanavati Commission report - Sarve Samachar News - 25 Sep 2008

BBC News CPI-M questions timing of Nanavati Commission report release
Press Trust of India, India - 6 hours ago
New Delhi, Sep 26 (PTI) Questioning the timing of the release of the Nanavati Commission report, the CPI(M) today asked the authorities to keep the ...
VHP welcomes Nanavati Commission report Hindustan Times
Nanavati report immature, says former Gujarat DGP Economic Times
Truth brought out by Nanavati Commission: Modi Daily News & Analysis
Expressindia.com - Hindustan Times
all 364 news articles »

IBNLive.com Nanavati vs Banerjee: Whose report to trust?
IBNLive.com, India - 25 Sep 2008
New Delhi: The first part of Nanavati Commission report probing the burning of S-6 coach of the Sabarmati Express at Godhra railway station on February 27, ...
SC refuses to stay circulation of Nanavati report on Godhra Press Trust of India
Second part of report likely in December: Nanavati Howrah News Service
Godhra case: Nanavati panel gives clean chit to Modi NDTV.com
Thaindian.com - India Today
all 46 news articles »
Indian Muslim NRIs deplore Nanavati Commission report
Khabrein.info, India - 20 minutes ago
Info Correspondent, Washington DC, Sept 26, 2008: Indian Muslim NRIs have deplored Nanavati Commission report submitted yesterday in Gujarat assembly. ...
Muslim mob attacked train: Nanavati Commission
Hindu, India - 20 hours ago
Without mentioning the Banerjee report, the Nanavati commission rejected the “accidental fire” theory stating that the reasoning that a fire was caused by ...
‘This is why terrorists are made’ Hindustan Times
all 4 news articles »
Mufti asks PM to reassure Muslims of dignity
Hindu, India - 4 hours ago
Commenting on the serial bomb blasts in parts of the country, Jamia Nagar encounter and Nanavati Commission report, Sayeed said the recent events and their ...
Buoyed by Godhra report, Modi firm on anti-terror bill
NDTV.com, India - 2 hours ago
Narendra Modi, even more charged up after the Nanavati Commission gave him a clean chit, on Friday kept up his campaign against the Centre for being weak on ...
Godhra Commission report tabled in state ssembly
Chennai Online, India - 25 Sep 2008
Retired justice Akshay Mehta was the other member of the Nanavati Commission "There is absolutely no no evidence to show that either the Chief Minister or ...
Those spreading lies should apologise: Modi
Hindu, India - 20 hours ago
Ahmedabad (PTI): Buyoed by the Nanavati Commission giving his government a clean chit in handling of post-Godhra riots, Gujarat Chief Minister Narendra Modi ...
Court dismisses suit against tabling part of Nanavati report
Thaindian.com, Thailand - 23 Sep 2008
Ahmedabad, Sep 23 (IANS) The Gujarat High Court Tuesday dismissed a suit seeking direction to quash a part of the report of the Nanavati Commission on the ...

MSN India First part of Godhra report submitted
Hindu, India - 18 Sep 2008
GANDHINAGAR: The Nanavati Commission, probing the Godhra train carnage and subsequent riots in Gujarat, submitted the first part of its report to Chief ...
Nanavati panel submits Ist part of Godhra report Times of India
Nanavati commission submits report Zee News
Godhra commission submits Part I of report Business Standard
Press Trust of India - Indian Express
all 29 news articles »




Mufti: Need to give Muslims safeguards
Khabrein.info, India - 10 minutes ago
The former chief minister said, "The cynicism caused by these actions has only been further fuelled by the report of the Nanavati Commission on the infamous ...
Nanavati report: Yet to win the trust of kin of the accused
Expressindia.com, India - 19 Sep 2008
A day after the first part of the Nanavati Commission’s report on the Godhra riots was handed over to Chief Minister Narendra Modi, the kin of the accused ...
Gujarat to table Godhra report on Sept 25
Daily News & Analysis, India - 21 Sep 2008
“It’s clear now that the government will table the Nanavati-Mehta Commission report in the monsoon session. The home and legislative and parliamentary ...
HC dismisses petition against tabling of Godhra report
Zee News, India - 23 Sep 2008
Justice GT Nanavati and Justice KG Shah had last week submitted first part of their report which contains findings about the incident of burning of S6 coach ...
Guj govt to table part one of Godhra report in state Assembly
Chennai Online, India - 24 Sep 2008
Justice (Retd) GT Nanavati and Justice (Retd) Akshay Mehta of the Commission submitted the first part of their report covering their findings on the burning ...
Why hurry when SIT probe is on, asks Sreekumar
Fresh News, India - 12 hours ago
He was racting to the first part of the report submitted by the Nanavati-Mehta panel. "I was asked to term it a conspiracy during those days and I said no. ...
GUJCOC and Godhra will dominate Gujarat Assembly Session
Gujarat Global.com, India - 24 Sep 2008
Interestingly, a petition against the placing of the report has been dismissed by the High Court. Nanawati Commission recently submitted 200 page report to ...
Congress supports legal aid to detained Jamia students (Lead)
Thaindian.com, Thailand - 4 hours ago
Moily, meanwhile, hit out at Gujarat Chief Minister Narendra Modi, who has been given a clean chit by the Nanavati Commission in the Godhra riots of 2002. ...
A case of too little, too late...
Indian Express, India - 19 Sep 2008
And, while everyone is keen to know about the contents of the Nanavati-Mehta inquiry commission report, which was submitted to the Gujarat CM on Thursday, ...
Two cops depose before Nanavati panel; advocate demands former CBI ...
Indian Express, India - 20 Sep 2008
... Zone II (Ahmedabad) and Inspector HG Baraiya deposed before the Nanavati Commission probing the Godhra and post-Godhra incidents, on Friday. ...



The truth behind the Indo-U.S. nuclear deal
The truth behind the Indo-U.S. nuclear deal. by Siddharth Varadarajan. Global Research, July 29, 2005. The Hindu. Email this article to a friend ...
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The Indo-US nuclear deal - an analysis
3 Mar 2006 ... Internet presence of the Indian Muslims first English Newspaper, The Milli Gazette.
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INDO-US NUCLEAR DEAL: THE CHINA FACTOR
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the Indo-US nuclear deal of 18 July. 2005 appeared in the People’s Daily in .... Indo-US nuclear deal, as entirely. negative in nature, or even India- ...
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Indo-US Nuclear Deal: A Curtain Raiser -III
6 Sep 2007 ... The highly debated Indo-US nuclear deal entails a paradigm shift in India’s foreign policy, putting in jeopardy the stand we have built on ...
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Rediff.com: Indo-US Nuclear Tango
19 Sep 2008 ... Rice meets Pelosi to discuss Indo-US nuclear deal · Rice meets Berman to expedite N-deal passage · 'US engaging India on a number of issues' ...
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Indo-US Nuclear Deal: Why this hurry and at what cost?
7 Jul 2008 ... The Indo-US Nuclear Deal is meant to serve the interests of the global nuclear power industry and is a ploy to keep India away from staking ...
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Political Affairs Magazine - Indo-US Nuclear Deal
1 Aug 2005 ... THE Nuclear deal entered into by India and the US as part of the Indo-US Agreement signed by president Bush and Indian prime minister ...
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Indo-US Nuclear Deal Unending Drama in Many Acts
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The present status of the Indo-US. nuclear deal is that the US Atomic Energy Act of .... IAEA would not permit the Indo-US nuclear deal to ...
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Youth Protest Indo-US Nuclear Deal « It’s Getting Hot In Here
19 Mar 2008 ... The Indo-US Nuclear deal, also known as the “1, 2, 3″ Deal has been full of controversy ever since its inception. ...
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rediff.com: The Indo-US nuclear deal explained
11 Jul 2008 ... With the government readying to operationalise the Indo-US nuclear deal, Aditi Phadnis juxtaposes the common Left arguments with the ...
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Indo-US Nuclear Deal Drops Nuclear Bomb on Indian Politics ...
17 Jul 2008 ... Indo-US Nuclear Deal Drops Nuclear Bomb on Indian Politics, Government Faces No-Confidence Motion. Written by Govind Singh ...
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The NSG regime and Indo-U.S. nuclear deal - upiasia.com
16 Sep 2008 ... President Bush realizing the importance of the Indo-U.S. Nuclear deal managed to ramrod the India specific waiver in the U.S. Congress in a ...
www.upiasiaonline.com/Politics/2008/09/16/the_nsg_regime_and_indo-us_nuclear_deal/2162/ - 21k - Cached - Similar pages - Note this
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The Indo-US nuclear ‘deal’
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25 Aug 2006 ... and cons of the Indo-US nuclear deal. The pros say that it is a ‘very good’ deal. provided the US Congress waives or annuls ...
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by AK Dwivedi - 2006
Indo-US Nuclear Deal
19 Aug 2007 ... In three years the Manmohan Singh government has produced just one child, the Indo-US nuclear deal. The left has made it clear that it has ...
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The Hindu : Opinion / News Analysis : Question mark over Indo-U.S. ...
7 Feb 2006 ... Question mark over Indo-U.S. nuclear deal. Siddharth Varadarajan ... Indeed, the supporters of Indo-U.S. nuclear cooperation should realise ...
www.hindu.com/2006/02/07/stories/2006020709801100.htm - 24k - Cached - Similar pages - Note this
domain-b.com : Indo-US nuclear deal: A time for gratitude
26 Sep 2008 ... Washington: Amongst all the twists and turns that it has presented to an enthralled audience, the Indo-US nuclear deal also threw up a ...
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Nuclear Deal | India Nuclear Deal | Indo Nuclear Deal | India Usa ...
Find Latest News on Indo Us Nuclear Deal, India USA Nuclear Deal, India Nuclear ... The Indo-US civil nuclear deal has divided the UPA govt at the Centre. ...
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