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CONTENTS
Articles:
8 London Riots: Cause & Cure 8 Rising Food Prices Worldwide Causes & Cure
Cirrent Affairs:
8 8 8 8 8 8 8 8
National Issues International Issues Economy India & The World Science & Technology Sports Awards & Prizes Persons in News
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England.Rioting and looting was reported from several other parts of London, including Brixton in south London, Enfield in north London and Oxford Street in central London, the capital's main shopping district. Yet the riots we are seeing now are fundamentally different from those that have gone before. They might, ostensibly, have been triggered by the police shooting of Mark Duggan, a notorious gangster, in north London; but they are fuelled by pure greed, by a belief that something can be had for nothing. The usual brakes on such behaviour either an appreciation that it is wrong, or by the prospect that the culprit will be caught and punished are largely absent. The police introduced special powers in four areas of London -- Lambeth, Haringey, Enfield and Waltham Forest -- allowing stop and search without reasonable suspicion in a bid to keep rioters off the streets.In theory, parliament could invoke powers to implement curfews, use water canons or even call in the armed forces.However, senior politicians and police officers have said that these options are unlikely to be used unless the situation got significantly worse.The government has yet to respond, most of them are sunning themselves on beaches across the globe but the Prime Minister doubtless to promise terrible retribution be visited upon those caught rioting. He will also say that there is no excuse for rioting or stealing and he will set up an enquiry which will doubtless be headed by somebody who has never been unemployed, lived on a squalid council estate. They will cite poverty and unemployment but will not accept that immigration has played any part or that ill-discipline in schools and indeed in many homes has any baring. They will not accept that reducing the role of motherhood to something to be fitted around work has caused havoc in society for these people by and large have their own agenda which has the unfortunate pitfall of being utterly un-costed. Printing money and handing it out for free would not solve the problems faced. Epithets like rabble or riff-raff are too mild for the lawless, feckless, mindless and amoral thugs who forced passers-by to strip naked while they stole their clothes; or who torched a furniture warehouse that had withstood the Blitz; or who ransacked shops across London. But the question is what is the root cause behind this ruthless and nonsensical riots. The causes are many and varied. They certainly include the failure of successive governments to more fairly distribute the nations wealth and the draconian measures being taken to cut the social security budget,
but they also include the interpretation of womens rights, the willingness of governments to allow factory fodder to be imported because business sector insists on paying salaries so low that governments have to top up those wages simply in order to ensure people can live and the ill-discipline of generations of latch key children. Of course not all such kids are rioting and not all rioters are unemployed but it is the atmosphere created which leads to these problems. It is of course no coincidence that Mr.cameroons very philosophy is to reduce the role of the state, meaning that assistance is harder to get and takes longer to get. They appear to believe that social safety nets can be fixed on the cheap but if the rioters believe that their actions will change this philosophy they are deluded. The solution must lie in long term if not life long employment being found for the people which pays well and includes provision for both health care and old age. This will involve a deal of planning from the cradle to the grave but the alternative, to leave people increasingly to their own devices is surely not an option? Such a massive undertaking would require change in all sectors of the community. We must distribute wealth more evenly and we cannot continue to refuse to use legislation to make it happen. Of course many business people will tell you that they would be forced to move abroad in such circumstances but the time has come to treat such threats as what they are unpatriotic and based on greed.They must also stop all immigration immediately. This is not a racial point or one of human rights. The truth is that the population is already too big for a nation of their size to sustain both moves to tackle serious deprivation and support further immigration our services cannot stretch to it. Perhaps in the future Britain may once more be in a position to offer safety and solace to those less fortunate, but at this juncture in they cannot continue to countenance such ideas. Attitudes on all sides then must change but sadly there is little sign of compromise. The camps are set up, lines are drawn, those who have intend to keep and those who have not intend to take from those who have, it is a spiral which can only lead to greater and greater unrest. My consolation is my age which may prevent me from having to witness the culmination of this madness but I also hope against hope that somebody will emerge with the power and the vision to drag us back from the abyss. As yet he/she are keeping their own counsel but you never know.
If ever we wanted proof that Britain has been divided into two nations, then here it was. But hasnt it always been? You did not need to look far beneath the surface at any time over the past 200 years or more to find people ready to loot and rob and steal. After all, the London mob is hardly a new phenomenon. The word itself was coined in the late 17th century as the citys population grew and aggressive crowds, fuelled by alcohol and perceived grievance, took to the streets with alarming regularity.
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prices in the future and to provide some understanding of the dynamics and persistence of the observed global price changes. There is an emerging and reasonable consensus among experts and academics about the range of causes. However, debate is ongoing about the relative contribution of these causes. There is certainly no one, single cause; rather, many factors are interacting in different, locally specific ways. Causes vary between different places and over time, as has happened in previous commodity booms. Some are cyclical, some are structural and some are unique The cost of food climbed 25 percent from a year earlier in December, based on the FAO figures.The agencys food-price indicator rose from 206 points in November. Record fuel prices, weather- related crop problems, increasing demand from the growing Indian and Chinese middle classes, and the push to grow corn for ethanol fuel all contributed to the crisis that year. Global food production will have to rise 70 percent by 2050 as the world population expands to 9.1 billion people from about 6.8 billion people in 2010, the FAO has said. Main factors responsible for the recent rises in food prices:-
believe that the effect of this on world prices has been exaggerated.
76% Amount of US corn used for animal feed. 8kg Amount of grain it takes to produce 1kg of
beef. lion gallons of ethanol in 2006-07.
Weather disruptions, including serious droughts, 20% Portion of US corn used to produce five bilhave affected output in several key producing countries (Australia, Turkey, Ukraine and parts of North America) in the mid-2000s. This has led to two successive years of negative growth in world cereal production. cultural innovation.
10% Anticipated share of biofuels used for transfall this year, in attempting to feed 89 million needy people. It's 6.6bn now.
Under-investment in rural infrastructure and agri- $500m The UN World Food Programme's short Increased demand due to use of food crops in biofuel
production has resulted in reduced soybean and wheat cultivation.
World production of cereals has slowed, causing a 130% The rise in the cost of wheat in 12 months. decline in stocks over the last decade. This has weakened the ability of the world food system to cope with 16 times The overall food consumption of the
shocks and created conditions in which short-term shocks cause large price increases (Wiggins, 2008).High cost of oil and energy is affecting transportation of agricultural inputs and outputs, mechanical cultivation, fertilisers and pesticides. dia, due to economic growth, has led to increased consumer purchasing power and consequent shifts away from traditional staples and toward higher-value foods like meat and milk. However, some analysts year.
world's richest 20 per cent compared with that of the poorest 20 per cent.
Increasing and changing demand in China and In- $900 The cost of one tonne of Thai premier rice,
It has been argued that by 2030 there will be 600 million more chronically under-nourished people in the
world due to continued pressure on prices, in part due to the conversion of maize away from food uses to ethanol production. Demand for agricultural commodities food, feed, and fuel is likely to continue to escalate. Climate change and rising energy demand could re-accelerate food prices in the future. Ad-hoc market and trade policies such as export bans and import subsidies add further volatility in the international food market. Higher food prices can have radically different effects across countries and population groups. A recent IFPRI report provides a conceptual framework for understanding these impacts, which powerfully highlights the complexity of cause and effect. Broadly speaking, at the country level, net food exporters will benefit from improved terms of trade, although the benefits may be offset in situations where exports are being banned to protect consumers. Net food-importing nations, however, will struggle to meet domestic food demand. An FAO report published in June 2008 highlights twenty two developing countries that are especially vulnerable due to a combination of high levels of chronic hunger (more than 30 per cent under-nourishment), and high dependence on imports of petroleum products (100 per cent in most countries) and, in many cases, also of major grains (rice, wheat and maize) for domestic consumption. Food-price increases are having serious consequences for the purchasing power of the poor. Affected groups include the rural landless, pastoralists, small-scale farmers and the urban poor. Despite the various causes of food crises, the hardships that individuals and communities face have striking similarities across disparate groups and settings. These include: caloric intake
The rise in global commodity prices is fueling inflation everywhere particularly in developing countries where food and energy forms a major percentage of the inflation basket.This has forced countries like India and China to accelerate interest rate hikes to cool down inflation.Rising Food Prices has caused distress in a number of places leading to food riots in Africa and have been said to be a leading cause of the revolutions in the Middle East.Oil Prices continues to increase unabated as dollar decreases with US Money Printing.Commodities are touching new all time peaks as rising global demand,finite resources,money printing by developed countries fuel price hikes.Silver has been increasing in a parabolic manner with other commodities too showing heart-stopping jumps in prices.The rise in global wheat,rice prices has been at a record as well.Almost all commodities have seen sharp prices increase. Specific policies are needed to deal with the changing causes and consequences of high food prices, to help the most vulnerable people in the short term, while working to stabilise food prices by increasing agricultural production in the long term. A detailed set of policy prescriptions has been laid out in the Comprehensive Framework for Action (CFA), developed by the High Level Task Force on the Global Food Crisis. The CFA highlights two major objectives meeting immediate needs, and building longer-term resilience with related outcomes and actions.
Inability to afford food, and related lack of adequate Distress sales of productive assets Migration of household members in search of work Reduced household spending on healthcare, education and other necessities.
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NATIONAL ISSUES
Drive to Detect Fake Driving Licenses
The national register and national transport portal was launched which will make detection of fake driving licenses and tracking stolen vehicles easier. It will provide information to the transport department, police department and automobile dealers.The national registry is a central pool of all driving licenses (DLs) and vehicles registered in India. It could be accessed for a quick verification by all states and road transport offices. This could be used to prosecute errant drivers.This system will be completely IT based which will also leave no room for officials to make any mistake. Act was intended to ban the use of adulterated and misbranded products. Therefore, this rule could not be invoked to ban sale of non-iodised salt. The court stated that if the government wanted to ban noniodised salt it should have come out with different legislation.The Supreme Court gave the above ruling in response to the writ petition filed by the Academy of Nutrition Improvement challenging the ban on non-iodised salt.The government had made the consumption of only iodised salt mandatory on the basis that deficiency of iodine caused a lot of disorders like dwarfism, squint eye, lower IQ and mental retardation.
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ment authorities were told to cooperate with the SIT. The panel has been given power to travel to other countries and to gather information from government agencies.The step taken by the Supreme Court is a snub to the government which has set up its own committee to find black money and bring it back to India.
Construction work on two more units of 700 MW each at the Rajasthan Atomic Power Station (RAPS) was inaugurated by Atomic Energy Commission Chairman Srikumar Banerjee. Exploratory works unveiled uranium deposits at another site, Tummalapalle spread over 35 km. At present, the country is estimated to have a total reserve of about 175000 tonnes of uranium. The findings are deemed as a major development. Nuclear power is considered to be absolutely essential to meet the growing energy needs of the country. If the economy has to grow by 9 per cent per annum, 10 per cent growth in electricity production will be required.The two new nuclear units at Rawatbhata being constructed at an estimated cost of Rs. 12000 crore and scheduled to be ready in five years are on the lines of the two 700 MW reactors under construction at Kakrapar in Gujarat.The reactors were designed by the Nuclear Power Corporation of India Limited by scaling up the 540 MW reactors operating at Tarapur in Maharashtra since 2005.The reactors are known to have advanced safety features, including passive safety systems that work on natural principles such as gravity, and natural convection and do not need operator intervention or motive power to ensure reactor safety under any state of operations. There are two independent and diverse systems to shut down the reactor, a passive decay heat removal system to ensure cooling of the reactor core even in case of total loss of power and steel-lined containment to contain the entire radioactivity within the reactor building even in a severe accident scenario.
ers in the unorganized sector. The fund will be administered by the National Social Security Board. The fund was announced during the budget 2010-11 by the Union Finance minister Pranav Mukherjee. The Ministry of Labour & Employment will be the nodal Ministry for the operation of the Fund. According to an estimate done by the National Sample Survey Organisation total unemployment in both organised and unorganized sector is 45.9 crore workers. Out of them, 43.3 crore workers belong to unorganized sectorThere is an absence of social security protection for unorganised workers in India despite the fact they form the most significant part of total workers in the country.
The Union Cabinet of India gave its approval for setting up a national level security fund (NSSF) for unorganized sectors named as National Social Security Fund. The fund is likely to benefit 43.3 crore work-
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Project is one of the largest projects in the backward district of Sirmour in Himachal Pradesh. The state governments of Himachal Pradesh, Delhi, Haryana, Uttar Pradesh and Rajasthan signed a Memorandum of Understanding on 12 May, 1994 for the utilization and allocation of the waters of the Upper Yamuna . As a part of this agreement, a storage dam was to be constructed across Giri river, a tributary of the Yamuna, at Renukaji in Sirmour district of Himachal Pradesh. Forest clearance to the project was cancelled by the ministry of environment and forests in October, 2010. The assessment report mentions that about 308 families will be displaced and about 37 villages will be impacted because of the Renuka Dam project.
ducted for all pregnant women irrespective of their age and for all people who are above the age of 30 years.
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introduced in 2005 during the UPA-one regime and is part of the Common Minimum Programme.
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across Tamil Nadu.In its order on 18 July 2011, the Madras High Court struck down Section 3 of the Uniform System of School Education (Amendment Act 2010) as unconstitutional. This was passed by the State government seeking to defer the implementation of Samacheer Kalvi which was introduced by the previous Tamil Nadu government for the Academic year 2011-12.
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INTERNATIONAL ISSUES
Hina Rabbani Khar is Paks New Foreign Minister
Hina Rabbani Khar was appointed as Pakistans new foreign minister. Khar ,34, is the youngest minister to accept the post. This came as a big surprise for the people. Khar was elected twice to the national assembly during Musharrafs reign in 2002 and during Benazirs stint in the year 2008. She never went public to win campaign. Since she belongs to a political family it is said that for any years the seat was with held by her father Ghulam Noor Rabbani Khar and she gives her winning credit to her political father. Rabbabi offers hope to a number of women in Pakistan not in terms of their lifestyle but in terms of their way to choose their lives. We have in the past few years the evolvement of women in Pakistan. The list includes the likes of Fatima Jinnah to Benazir Bhutto, Asma Jahangir, Sherry Rehman and now Hina Rabbani Khar. Now women are rejecting the roles that many men try to cast them in. Since her appointment as the foreign minister of Pakistan Khar has been continuously criticised because to is too young to handle foreign affairs of Pakistan and that she holds a degree in hospitality management and she even has a degree in economics. But with a country with young population Khar seems to be making place for herself. nalist Saleem Shahzad who wrote about infiltration of the military by extremists. US suspension of aid could be a result of this killing.
The meeting held discussions on regional and in A separate plenary session was devoted to global
ternational issues of common interest, including developments in Europe, Asia, Middle-East and the Arab world. issues such as UN Reforms, sustainable development, environment protection, non-proliferation and disarmament, G-8, G-20 etc.
relating to economic governance and the reform of the international financial system, as well as, ongoing efforts in Europe and Asia to overcome the consequences of the economic and financial crisis.
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Indias Response: At the ASEM Foreign Ministers' Meeting in Godollo on 5 July 2011, India announced that it would host the meeting of ASEM forum in 2013. India also announced its decision to hike its financial contribution, a 20 percent increase to the inter-regional forum, ASEM. What is ASEM ? ASEM represents over half of the global population and accounts for more than half of the global GDP.ASEM was set up in 1996.It held its first summit meeting at Bangkok.It is a forum of 46 Asian and European countries. 27 countries are from the EU and 19 countries are from Asia India has been participating in ASEM meetings since 2007.ASEM also comprises two international organisations, i.e. the 10-nation Association of Southeast Asian Nations (ASEAN) and the European Union, for expanding political and security, economic and socio-cultural cooperation. Outside of the government-level meetings, ASEM also brings together, in individual fora, lawmakers, businesses and civil society groups.In the key achievements of ASEM, the Trans-Eurasia Information Network (TEIN) a ground-breaking research and education network connecting researchers in both continents are included.
The Republic of South Sudan accepted the obligations contained in the Charter of the United Nations and solemnly undertook to fulfill them.
to close the six-year-old UN Mission in Sudan (UNMIS), which was set up to assist the parties in implementing the CPA, and called on the SecretaryGeneral of the UN to complete the withdrawal of all its uniformed and civilian personnel, except those needed for its liquidation, by 31 August 2011.
emphasized the need for an orderly withdrawal of UNMIS following the termination of its mandate to pave the way for the new UN Mission in the Republic of South Sudan (UNMISS).
propriate staff and supplies, including the logistics necessary for achieving the new scope of functions to be performed from UNMIS to the new Mission and to the UN Interim Security Force for Abyei (UNISFA). The agreement signed between the north and the south Sudan in June 2010, held that their respective forces which clashed repeatedly in the disputed region are to withdraw from Abyei. UN Interim Security Force for Abyei (UNISFA) was given the initial task of monitoring the complete withdrawal of forces from all of Abyei.
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bal awareness of hepatitis B and hepatitis C and encourage prevention, diagnosis and treatment. World Hepatitis Day serves to provide an opportunity to recognise viral hepatitis as a major global health problem in order to advance prevention and control. The World Hepatitis Alliance and the WHO jointly agreed that the core global objectives of the World Hepatitis Day campaign are to:
The country that saw the maximum FDI inflow in 2010 was the United States at $228 billion. China stood at 2nd position with inflows totalling $106 billion in 2010, and Brazil stood at 5th position with inflows at $48 billion.According to UNCTAD, foreign direct investment inflows worldwide climbed 5 per cent to about USD 1.24 trillion in 2010 compared to 2009. FDI to South Asia declined to USD 32 billion in 2010. The report stated that half of the top 20 host economies for FDI in 2010 were developing and transition economies. UNCTAD report projected foreign direct investments worldwide to return to pre-crisis levels this year, with inflows expected to be up to $1.6 trillion.Cross border non-equity modes (NEMs) including contract manufacturing, services outsourcing, contract farming were found to be increasingly shaping the global value chains.
Secure continual support for World Hepatitis Day Generate a sense of urgency amongst all stakeholders to prioritise action
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facto No. 2 in charge of the Communist Party, running the day-to-day affairs.Sang was imprisoned from 1971-73 by the U.S.-backed South Vietnamese government when he served as a communist fighter for the north during the Vietnam War. It ended in 1975 when the north seized control of the former southern capital, Saigon, reunifying the country.
on
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ros into Greece to stop debt contagion across Europe. To ease Greece's debt repayments on its loans, the summit agreed to extend them from 7.5 years to between 15 and 30 years in some cases, and at a rate of 3.5 percent, down from 4.5 percent.
dertaken by the Greek government to stabilize public finances and reform the economy as well as the new package of measures including privatization recently adopted by the Greek Parliament.
programme for Greece. This programme will be designed notably through lower interest rates and extended maturities, to decisively improve the debt sustainability and refinancing profile of Greece.
EFSF loans to Greece to the maximum extent possible from the current 7.5 years to a minimum of 15 years and up to 30 years with a grace period of 10 years.
to the agreed fiscal targets, improve competitiveness and address macro-economic imbalances. Public deficits in all countries except those under a programme will be brought below 3 percent by 2013 at the latest. the end of 2012 national fiscal frameworks as foreseen in the fiscal frameworks directive.
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ECONOMY ISSUES
RBIs 3rd Financial Stability Report
The Reserve Bank of India (RBI) released its third Financial Stability Report. The report reflected RBI's continuing endeavour to communicate its assessment of the incipient risks to financial sector stability. The Financial Stability Report is published twice a year under the guidance of the interim Financial Policy Committee. The report includes Committee's assessment of the outlook for the stability and resilience of the financial sector at the time of preparation of the Report, and the policy actions it advises to reduce and mitigate risks to stability. FSR main findings are as follows:1. The banking sector in India by far the most dominant portion of the Indian financial sector continues to be stable and 2. The domestic financial markets have remained stress free recently. However, a few caveats are in order. the tune of USD 106 billion in 2010. China stood at 2nd position with inflows totalling $106 billion in 2010, and Brazil stood at 5th position with inflows at $48 billion.The country that saw the maximum FDI inflow in 2010 was the United States at $228 billion
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man, RBI governor, PFRDA chairman, and finance secretary and chief economic advisor. The financial regulators were of the opinion that high inflation will not be conducive to short-term growthThe relationship between inflation and growth was treated as a cause of concern. Although the group felt that in long term, Indias growth prospects are bright but in the short term it seemed crucial to tackle inflation.While the economy is expected to grow between 8 and 8.5 per cent in 2011-12, the persistently high inflation and subsequent interest rate hikes by the RBI curtailed India Incs expansion plans and led to fears of a possible slowdown. Rising fiscal deficit along with current 8% repo rate announced by the RBI was also deemed as a potential threat to the economy.
IPO forms to be made shorter and simpler. Non-compete fees to be paid by acquirers in takeover deals abolished.
exit opportunity when promoters of target company sell out their stake to acquirers.
SEBI did not accept the recommendation of TRAC Sebi board decided that the existing definition of
control of offers would be retained as it is. all stock market transactions.
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The announcement was made in the backdrop following a sharp fall in the domestic and international prices of these commodities.Cotton yarn had been placed under Open General Licence for exports from April 2011. The DEPB scheme for exporters had therefore been made effective from 1 April 2011. The government had withdrawn the scheme on cotton and cotton yarn in April 2010.The governments decision was welcomed by Confederation of Indian Textiles Industry that felt the move would provide relief to the cotton yarn sector as it was making losses due to withdrawal of export incentives and had huge inventories.Exports of cotton were dis-incentivised by virtue of export tax, following a sharp rise in prices in January 2011. The DEPB scheme has also been restored with easing of export curbs. What is DEPB? DEPB Scheme incorporates the concept of the old Pass Book but with simplified procedures and greater coverage and transparency in the matter of giving credit entitlements. The entitlement rate will be pre-determined so that the exporters at the time of exports can do their costing accordingly. Being a transparent scheme it does away with any discretion to the Licensing Authority or Custom Authority and can be availed on Pre-Export/Post-Export basis.
auctions.The final report merely stated that allocation of spectrum, the airwaves on which all communication signals travel, should be done through a suitable market-related process evolved by the telecoms department and the telecoms regulator.Analysts are of the opinion that Chawla's move to overturn the draft recommendations amounts to toeing the telecoms department's line which already rejected the auction approach for awarding second generation (2G) airwaves. The telecom department also added that the committee's recommendations will allow the government to choose the benchmark for pricing airwaves.The exact quantum to be levied would be determined by the telecoms department in consultations with regulator TRAI.The panels draft had also added that if the road map for future release of spectrum through auctions were to be made available, it would temper bids in future auctions.
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late profit from the Rajasthan block after treating royalty as cost recoverable item.Cairn believed that royalty, which is paid by state-owned Oil and Natural Gas Corp (ONGC), is a licensee obligation and hence not cost recoverable from revenues. Cairns views were contested by the oil ministry which made cost recovery of royalty as a precondition for allowing Cairn Energy to sell 40% stake in Cairn India to Vedanta Resources.The ministry insisted that it will not approve further programme on Bhagyam unless Cairn calculates profits to be divided among stakeholders and the government after adding royalty to the cost.
to good monsoon, higher minimum support price to farmers and focussed policy approach, particularly to enhance production of pulses and oilseeds.As per the data prepared by the Directorate of Economics and Statistics, the record output was achieved despite drought in 90 districts in the eastern belt, excessive rains in parts of Gujarat and Andhra Pradesh and yellow rust in some wheat-growing pockets.
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loading the survey schedule from RBIs official website. What is CERPA? CERPA was established in 1972 and conducts social science research, provides consultancy on developmental issues, helps planners and policymakers and provides charitable services to the disadvantaged and poor sections of the country.
Home Loans: The panel recommended that banks should not impose exorbitant penal rates towards foreclosure of home loans. A policy should be devised to ensure that customers are not denied of opportunity to enhance their economic welfare by making choices such as switching to other banks/financial entities to enjoy the benefits conferred by market competition. Measures to stop practices of discriminating between new and old customers with identical risk profiles on the basis of interest rate offers were to be initiated. Senior Citizens: There should be prioritised service to senior citizens, physically handicapped persons by effective crowd/people management available at all branches. The panel suggested introduction of provision of the SMS alerts service about balance in the account at periodic intervals and about due dates for submission of important documents. Automatic updation of the customers to the senior citizen category based on the date of birth would be introduced. Pensioner may be allowed to submit the annual life certificate at any of the (linked) branches and not necessarily at the home branch. Rural Areas: According to the panel banks should ensure proper currency exchange facilities and also the quality of notes in circulation in rural areas. Branches should be made functioning at a time convenient to the customers (agricultural labourers, workers and artisans).
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from big industry moderates. Reserve Bank of India revised the credit growth target to 18% from 19% in 2011-12 after it raised the key rates by sharp 0. 5 percentage points in its monetary policy review on 26 July 2011. The RBI raised the repo rate for the eleventh time since March 2010 to curb runaway inflation. Finance Minister, Pranab Mukherjee also raised the issue of increased lending in the agriculture sector. Currently, the banking system only covers 50% of the farmers in India. The government set a target of Rs. 475000 crore bank credit for the farm sector in 2011-12. Banks that did not meet the targets for agriculture lending in the last three years were asked to step up their loan portfolios.
mitted to Prime Minister Manmohan Singh last month, the PMEAC had maintained that headline inflation would remain at 9 per cent or higher till October 2011 and thereafter ease to 6.5 per cent by the end of March 2012. The Council estimated the headline WPI inflation rate to continue to be at 9 per cent or higher in the months of July-October 2011.The country's agriculture output was projected to grow at 3 per cent in the current fiscal 2011-12 as against 6.6 per cent in 2010-11. The 2011 monsoon was projected to be in the range of 90 to 96 per cent of the Long Period Average (LPA). As a result, the farm sector output expected to grow at 3 per cent.
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India - Lithuania
The Government of India signed an Agreement and Protocol for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital (DTAA) with Government of Lithuania in New Delhi. Lithuania is the first Baltic country with which DTAA has been signed by India.The Agreement and the Protocol were signed by Prakash Chandra, Chairman, Central Board of Direct Taxes, on behalf of the Government of India and Petras Simeliunas, Ambassador, Republic of Lithuania to India, on behalf of the Government of Lithuania. The Agreement further incorporates provisions for effective exchange of information between tax authorities of the two countries in line with latest international standard, including exchange of banking information and supplying of information without recourse to domestic interest. Further, the Agreement provides for sharing of information to other agencies with the consent of supplying state.The Agreement also has an article on assistance in collection of taxes. This article also includes provision for taking measures of conservancy. The Agreement incorporates anti-abuse (limitation of benefits) provisions to ensure that the benefits of the Agreement are availed of by the genuine residents of the two countries. The Agreement will provide tax stability to the residents of India and Lithuania and will facilitate mutual economic cooperation between the two countries. It will also stimulate the flow of investment, technology and services between India and Lithuania.
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India - Japan
India- Japan CEPA (Comprehensive Economic Partnership Agreement) enters into force . This is Indias 3rd Comprehensive Economic Partnership Agreement (after Singapore and South Korea) and Indias first with a developed country. The Agreement is most comprehensive of all the agreements concluded by India so far as it covers more than 90% of trade, a vast gamut of services, investment, IPR, customs and other trade-related issues. Under the India- Japan CEPA only 17.4% of the tariff-lines have been offered for immediate reduction of tariff to zero % by India. Tariffs will be brought to zero in 10 years on 66.32% of tariff lines to give sufficient time to industry to adjust to the trade liberalization.The Japanese side has put 87% of its tariff lines under immediate reduction of tariff to zero. A large number of these items are of Indias export interest e.g. seafood, agricultural products such as mangoes, citrus fruits, spices, instant tea, most spirits such as rum, whiskies, vodka etc, textile products such as woven fabrics, yarns, synthetic yarn, readymade garments, petro chemical &chemicals products, cement, jewellery, etc.The exclusion list of Japan (where no tariff concessions are proposed) mainly consists of items such as rice, wheat, oil, milk, sugar, leather and leather products. The trade volume of items in the Japanese exclusion list is only 2.93%.Indias exclusion list contains 1538(13.62%) lines at the 8 digit level. Auto parts and agricultural and other sensitive items have been kept out of the liberalization schedule. Under India-Japan CEPA the Japanese government shall accord no less favourable treatment to the applications of Indian companies than that it accords to the like applications of its own persons for drug registration. This will greatly help Indian pharmaceutical companies. Under India-Japan CEPA, Indian professionals will be able to provide their services and contribute towards further development of Japans IT Sector. Japanese side has also agreed to conclude Social Security Agreement within a specified period (3 years). Contractual Service Suppliers (CSS), Independent Professionals (IPs) such as Accounting, R& D Services, Tourist Guide, Market Research; and Management Consulting firms now can provide services in Japan. Under the India-Japan CEPA, India will be benefited by Japanese investments, technology and world-class management practices that come with it. Japan can
take advantage of Indias huge and growing market and resources, especially its human resources. The Agreement which is comprehensive in nature will further strengthen India- Japan economic ties to the benefit of both countries immensely. CEPA provides a win-win situation for both the countries. The India Japan CEPA was signed on 16th Feb, 2011 in Tokyo. The current bilateral trade between India and Japan is a little over 12.6 billion US dollars and it is expected that it will touch 25 billion US dollars by 2014.
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would not only stop such detentions but also amend its regulation under which its member countries acted like this. The settlement is interim as the EU parliament is expected to take about 12-18 months to amend the legislation.
sultation, coordination, and cooperation on Afghanistan, and to work jointly in Afghanistan in capacity building, agriculture, and womens empowerment, expanding on work already underway. Both sides agreed to Afghan-led, Afghan-owned, and inclusive reconciliation.
Africa through a triangular cooperation program with Liberia, Malawi, and Kenya.
and regional and global security requires elimination of safe havens and infrastructure for terrorism and violent extremism in Afghanistan and Pakistan.
The two sides reiterated their commitment on com The United States welcomed Indias decision to
prehensive sharing of information on the investigations and trials relating to the November 2008 Mumbai terror attack. chair a plenary of the Contact Group on Piracy off the Coast of Somalia in 2012.
The Womens Empowerment Dialogue is planned The United States created the Passport to India iniThe Importance of Indo-US Strategic dialogue
The Strategic Dialogue provides an opportunity to take stock of the progress in bilateral relationship, bilateral cooperation, as well as to consult on global and regional issues of interest, besides charting out a short to medium-term roadmap of cooperation in pritiative to encourage an increase in the number of American students studying and interning in India.
India, the United States, and Japan plan to commence a trilateral dialogue at senior official level.
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ority sectors for India-US. The strategic dialogue mechanism has come to be regarded as one of the very effective mechanisms to maintain the momentum of deepening and expanding global strategic partnership between India and US. It was outlined by Prime Minister Manmohan Singh and US President Obama during Prime Ministers state visit to Washington in November, 2009. Note: The next meeting of the Indo-US Strategic Dialogue is planned for Washington D.C. in 2012. The inaugural Strategic Dialogue was held in June 2010.
Ashok K Kanth.As per the agreement, India is to provide equipment and facilities worth 200 million rupees to Sri Lanka. Moreover, India will also provide more than 2.6 million rupees to develop vocational training centres in Jaffna, Vayuniya, Batticaloa and Trincomalee districts.
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growing demand for air-conditioning in India in highly efficient and cost effective way through use of direct solar energy.
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dicted but never discovered until now. A Trojan asteroid shares an orbit with a larger planet or moon, but does not collide with the planet because it orbits around one of two Lagrangian points.The asteroid is 300 meters in diameter. It has an unusual orbit that traces a complex motion near the L4 point. The object is about 80 million kilometers from Earth. The asteroids orbit is well-defined and for at least the next 100 years, it will not come closer to Earth than 24 million kilometers.
Chemical UDCA
Sceintists found a chemical named UDCA that could prevent abnormal heart rhythm or arrhythmia, both in people who've had a heart attack , and in foetuses. It changes the electrical properties of myofibroblast cells, which are existing in the foetal heart and in patients who suffered heart attack.UDCA could help the heart muscle conduct electrical signals more normally.
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Prahar which was first unveilled in 2010 in scalemodel form at the Larsen & Toubro stall during DEFEXPO 2010, would fill the gap for a battlefield weapon system in the country's missile arsenal and would replace the unguided Pinaka and Smerch rockets (90 km range).
Antarctica Lake
Deep beneath the Antarctica ice sheets are at least 145 lakes that are teeming with micro scopicorganisms. The ice sheets are up to 4km thick. They are considered one of the greatest unexplored frontiers on Earth. Scientists are engaged in a long term programme to understand what type of life may survive in the lake water, sediments below and ice above. Current efforts are focused on the ice above, which includes lake water frozen to the ice sheet bot-
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tom, known as accreted ice.Antarctic continent along with its surrounding ocean influences the climate not just in thehigh latitudes but across the entire planet. The Polar regions are the first to be affected by changes in climate, both in terms of rapidity and intensity. Among the various proxies that archive the information on palaeoclimate, the Antarctic lake sediments play a pivotal role in palaeoclimate investigations.
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SPORTS
Football
Women's Football World Cup: Japan lifted the women's football World Cup by defeating USA in a dramatic final in Frankfurt, Germany. The victory delivered a boost to the morale of a country which is still coping with the earthquake and tsunami aftermath.Goalkeeper Ayumi Kaihori made two saves and the final was settled by a penalty shoot-out before defender Saki Kumagai converted the spot-kick to give Japan its first World Cup title. Under captain Homare Sawa, Japan won the hearts of fans with impressive displays.The dramatic penalty shoot-out victory over the United States helped Japan beat the USA for the first time at the 26th attempt. UEFA European Under-19 Championship: Spain won the tenth edition of the UEFA European Under19 Championship title in Romania beating the Czech Republic 3-2. Spain become the first country to hold both u-19 and u-21 title in the same year. Spain which is European and World champion at senior level defeated Switzerland 2-0 in the under-21 final on 25 June 2011.Paco Alccer score twice in the final 12 minutes and played a significant role in helping Spain attain the title.Spain was Champion in European Under-19 Championship in the years 2002, 2004, 2006 and 2007. The victory achieved on 1 August marked the fourth for their coach, the irrepressible Gins Melndez. Copa America Cup: Uruguay won the Copa Amrica for a record 15th time on by defeating Paraguay, 3-0, in Buenos Aires, Argentina. With the victory Uruguay became the competition's most successful team. scar Tabrez coached Uruguay. Luis Suarez scored goal for Uruguay in the 12th minute. Forln scored in the 42nd and the final minute of the match for Uruguay to win the tilte.Paraguayans have been aiming to win their first Copa America since 1979. Paraguay had recorded draws against Ecuador, Brazil and Venezuela in the group stages before beating Brazil and Venezuela after penalties in the knock-out rounds. Most valued team in the world is Manchester United The Manchester United has been named as the worlds most valued team. The Red Devils have been estimated for a total amount of 1.165 billion pounds overshadowing American Franchises like the New York Yankees and the Dallas Cowboys. The assessment has been made based keeping in mind the total income they get and the various sponsorship deals they make throughout the year. This has come as the good news for the Glazer family who bought the Club for 790 million pounds in the year 2005, how they are still in debt but this does not deter them from being happy for making their club the most valued in the world.
Cricket
ICCs Peoples Dream XI: The International Cricket Council (ICC) released the list of Alltime Greatest Test team. The ICCs list includes four Indian cricketers namely- batting maestro Sachin Tendulkar, 1983 World Cup-winning captain Kapil Dev, Sunil Gavaskar and Virender Sehwag. Sunil Gavaskar and Virender Sehwag were included for opening slot while Indian batting maestro, Sachin Tendulkar found the place in middle order.Four Australians, two West Indians and one Pakistani also made it to Peoples' Dream XI as more than a quarter of million people voted on ICC's official website. Tendulkar occupied the No. 4 batting spot, one slot down Australian legend Don Bradman and one above West Indian Brian Lara, who was chosen at No. 5. Kapil was chosen as the lone all-rounder beating the likes of Ian Botham, Richard Hadlee, Jacques Kallis, Imran Khan, Gary Sobers and Frank Worrell. Australian Adam Gilchrist won the poll for the wicket-keeping slot while spinner Shane Warne got the nod of online voters ahead of the likes of India's Bishan Bedi and Anil Kumble and Sri Lankan Muttiah Muralitharan. Wasim Akram, Curtly Ambrose and Glenn McGrath were named in the three fast bowlers' slots.Sir Don Bradman, Adam Gilchrist, Shane Warne, Glenn McGrath, Brian Lara, Curtly Ambrose and Wasim Akram are the other players in the list.
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Swimming
2011 World Swimming Championship
200m Butterfly: Americas Michael Phelps won gold in the 200m butterfly event in the World Swimming Championship in Shanghai.The victory helped olympic champion, Michael Phelps break his gold medal drought in Shanghai.With the victory he won his third straight world title in his favourite 200m butterfly event.The world record-holder stormed ahead and fought off challenge by Japan's Takeshi Matsuda, clocking a winning time of 1min 53.34sec.Matsuda timed 1:54.01 came second. Mens 10m Synchronised Diving: Chinas Huo Liang clinched his third successive world title in the mens 10m synchronised diving. Combining with new partner Qiu Bo, he gave China its second gold medal of the world swimming championships. Huo and Qiu won the title with 480.03 points. Huo, the first man to win three world titles in the synchronised platform event, had won his previous two championships with Lin Yue.Germany's Patrick Hausding and Sascha Klein finished second on 443.01. Solo Free: Russias Natalia Ishchenko won her third gold at the Shanghai world championships with victory in the solo free. Ishchenko had already won the solo technical and then the duet technical with Svetlana Romashina in the main pool of the Oriental Sports Centre. She won 13th world championships gold in total when she scored 98.550 points.Spains Andrea Fuentes, who had secured three bronze medals in the Shanghai world competition so far, won silver on 96.520, while Chinas Sun Wenyan clinched bronze on 95.840 points in the solo free category.Greek swimmer Spyros Gianniotis dethroned German title-holder Thomas Lurz to win the 10km crown. Gianniotis, who has repeatedly lost out to Lurz finally topped the podium after touching in 1hr 54min 24.7sec in baking conditions at Jinshan City Beach. 50m & 100m Butterfly: Brazil's Cesar Cielo and American Dana Vollmer won gold medals in butterfly events at the 2011 World Swimming Championships in Shanghai.Cielo claimed the men's 50-meter butterfly in a time of 23.10 seconds moving past Australians Matthew Targett and Geoff Huegill. The vic-
tory came only a few days after Cielo was cleared of doping charges by the Court of Arbitration for Sport.Dana Vollmer on the other hand captured the women's 100-meter butterfly, edging Alicia Coutts of Australia by just 7/100ths of a second.Alicia Coutts finished second in the women's 200-meter individual medley, behind China's Ye Shiwen, who went from fifth to first on the final leg and touched the wall in a time of two minutes, 8.90 seconds. Coutts was 1/10th of a second behind, while 2009 world champ Ariana Kukors of the United States placed third after leading on the final leg. Beijing Olympics gold medal winner Stephanie Rice of Australia was fourth.Norway's Alexander Dale Oen won the men's 100-meter breaststroke. He finished in a time of 58.71 Italy's Fabio Scozzoli stood second. 200m Individual Medley: America's Ryan Lochte broke a 19-month record drought when he won a thrilling 200m individual medley at the FINA World championships in Shanghai.Lochte out-duelled Olympic champion Phelps of America to win the medley in 1min 54.00sec surpassing his 2009 World record. Phelps stood second and Hungary's Laszlo Cseh ranked third.In a high-tempo evening at Oriental Sports Centre, Australian hotshot James Magnussen delivered a fifth-to-first victory in the 100m freestyle.Jiao Liuyang claimed China's fourth swimming gold in the women's 200m butterfly.
Hockey
Single Administrative Body to control Hockey in India: A deal was struck in a meeting between Indian Hockey Federation (IHF) president RK Shetty and Hockey India (HI) secretary Narinder Batra, according to which hockey will be managed by a single administrative body in India.The deal struck is expected to This will help thwart an increasingly aggressive sports ministry from taking a decision on the sports future into its hands as well as streamlining the preparations for 2012 Olympics.As per the new agreement signed, a Joint Executive Board (JEB) is to be put in place which will be responsible for Indias representation in all international and national events. The JEB will have 39 members (20 from HI and 19 from IHF) while a joint Working Committee of eight members (4 each) will be formed simultaneously, and include joint sub-committees, to look after other areas. Both HI and IHF will continue to exist simultaneously in the country. However the joint working committee will govern hockey like select-
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ing, training and fielding teams in international events and conduct national tournaments, including the national championships.
Athletics
Folksam Grand Prix Meet : Tintu Luka coached by P. T. Usha opened her European tour with a victory in the Folksam Grand Prix meet at Karlstad, Sweden. The Indian record holder, Tintu Luka clocked 2:02.58, a shade under her season best (2:02.55 at Kobe) in the 800 metres event. Luka remained behind Lithuanian Egle Balciunate (personal best 1:59.47) for most of the race before moving ahead during the final 200 metres. Luka won 5000 Swedish Kroner (Rs 34,000) for her win. Baluciante came second in 2:02.72 while Melissa Bishop of Canada was third in 2:02.80. The other Indian runner in the fray in the Karlstad meet, Ghamanda Ram, came fifth in the men's 800m race in a time of 1:47.25s. Briton Mukhtar Mohammed (1:45.90) took the gold and was followed by Sudan's Ahmad Ismail, the Beijing Olympics silver medallist, in 1:46.09 and Denmark's Andreas Bube, at 1:46.49. Asian Athletics Championship: India finishes 8th with a total of 11 medals in 19th Asian Athletics Championships 2011held in Kobe, Japan
he secured Ferrari's first win since 2010 Korean Grand Prix. The victory marked Alonsos 27th career victory and it drew him closer to three-time winner of the British Grand Prix, Jackie Stewarts record.Vettel finished second ahead of his Red Bull teammate and pole setter Mark Webber, with McLaren's home favourite Lewis Hamilton finished fourth.Vettel, who crossed the line over 16 seconds behind Alonso, retained his lead in the drivers' championship on 204 points from Webber on 124 with Alonso moving up into third on 112.
Tennis
Canadian U-18 ITF Junior World Ranking Championship: Fourth-seed Ambika Pande became the first Indian tennis player ever to win the Canadian U-18 ITF Junior World Ranking Championship. She defeated Canadas third seed Gloria Liang 6-4 46 7-6(5) in the final to win the ITF juniors U-18 event in Vancouver.Ambika, who entered the tournament as a lucky loser, then pulled off five straight wins. Fourth seeded Indian had defeated eighth seed Tracy Dong of Canada 7-6 6-4 in the semifinals. This is the first-ever win by an Indian junior player at this prestigious tournament.Ambika trains at DLTA in New Delhi and is coached by former Indian Davis Cup player Vishaal Uppal. Ambika is an active player on the Indian junior circuit and has won junior national series and championship series titles.
Motor Racing
Hungarian Grand Prix: McLaren's Jenson Button won the Hungarian Grand Prix. His victory marked the celebration of his 200th Formula One start. The victory at Hungarian Grand Prix marked his second victory of 2011. He had won his first Grand Prix in 2006 in Hungary. He has 11 Grand Prix races in a career that started with team Williams in 2000.Red Bull's Sebastian Vettel was second despite and increased his championship lead over teammate Mark Webber to 85 points. Vettel moved closer to defending his title with eight races left after the mid-season break. Ferrari's Fernando Alonso was third.Lewis Hamilton (McLaren) stood fourth while Red Bulls Mark Webber finished at number five. British Grand Prix: Fernando Alonso won the British Grand Prix thereby delivering Ferrari's longawaited first win of 2011.The 29-year-old Spaniard had in the past won the British race for Renault in 2006 and woth his victory in the British Grand Prix
Archery
Archery World Championship: The Indian trio of Deepika Kumari, Laishram Bombayla Devi and Chekrovolu Swuro settled for a silver medal in the Archery World Championship at Turin after losing the recurve event final to their Italian opponents. The Indians lost out 207-210 even though they had a onepoint lead at half-way stage.The Indians succumbed to the pressure and even the presence of Deepika, the reigning world cadet individual champion, did not inspire the Indians as they shot a very poor third end for a score of 50 points out of 60. The Italians turned the table on their rivals with a fine round of 55 that eventually gave them four-point cushion that stood the team well. Italy won silver at Beijing 2001 and won the world title in 1999 in Riom, France. They had met the Indians seven times before with 4-3 record on the head to head clash. Italians had defeated India at the Porec
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2010 and Shanghai 2009 World Cup. The only positive the Indians carried into the final was their semifinal victory over World champions Korea.This was the best finish by the women in the history of the Championships. Their previous best was a fourth place at Madrid in 2005, where they had lost to Russia in the bronze medal play-off.The silver is the only medal India won in the championship as the men failed to get past the first elimination round and none of the six archers made it to the quarterfinals in the individual events. Ronjan Sodhi ranked No.1: Double-trap shooter and Asian Games gold medalist Sodhi ranked No.1 in the world by the International Shooting Sport Federation(ISSF).Sodhi won gold in the World Cup Finals in Turkey in 2010.He recently won the silver medal in the Beijing World Cup to reserve a seat in the Olympics.
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Minister for Earth Sciences Vilasrao Deshmukh carry a cash prize of Rs.1 lakh each and a citation.
list includes 13 books. Four first time novelists and three Canadian writers were shortlisted. The list also includes three new publishers to the prize - Oneworld, Sandstone Press and Seren Books. One former Man Booker Prize winner, two previously shortlisted writers and one long listed author was also named in the list.The titles were chosen by a panel of five judges chaired by author and former Director-General of MI5, Dame Stella Rimington. A total of 138 books, seven of which were called in by the judges, were considered for the Man Booker Dozen longlist.The four first time novelists on the list are Stephen Kelman for Pigeon Engli , AD Miller, Yvvette Edwards for A Cupboard Full of Coats and Patrick McGuinness for The Last Hundred Days.Canadian author Alison Pick, like McGuinness, is a published poet and is joined by fellow Canadians, Patrick deWitt and Esi Edugyan, on the longlist. The list includes one former winner, Alan Hollinghurst, who won the prize in 2004 for The Line of Beauty. He was also shortlisted in 1994 for The Folding Star. Two previously shortlisted authors also make the list- Irish writer Sebastian Barry (The Secret Scripture, 2008 and A Long Long Way, 2005) and Julian Barnes (Arthur and George, 2005, England, England, 1998 and Flaubert's Parrot, 1984). Carol Birch was longlisted in 2003 for Turn Again Home. The winner will receive 50,000 and each of the six shortlisted authors, including the winner, will receive 2,500 and a designer bound edition of their book.
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national after 40 years of Bangladesh's independence from Pakistan. The award was received by her daughter-in-law Sonia Gandhi who visited Bangladesh at the invitation of Sheikh Hasina. The award recognised Indira Gandhis direct support, cooperation, her strong role and unique contribution to Bangladeshs independence. Bangladesh set up the honours to decorate 47 foreigners who helped the country during its struggle for independence and mark the 40th anniversary of its achievement.
kabaddi teams, Rakesh Kumar and Tejaswini Bai, were chosen for the award.Tejaswini Sawant, who won the world championship gold in shooting, also made the list. Archer Rahul Banerjee, a gold medallist in World Cups and individual champion in the Commonwealth Games, was chosen for the honour as well.Asian champion and gold medallist in the Commonwealth Games, boxer Suranjoy Singh, GrecoRoman wrestler Ravinder Singh, winner of the gold medal in the Commonwealth Games, and weightlifter K. Ravi Kumar, providing a silver lining to the troubled sport got for the award.Hockey captain Rajpal Singh, badminton ace Jwala Gutta, volleyball player Sanjay Kumar, footballer Sunil Chetri, who almost got it last year, and wushu silver medallist in the Asian Games, Sandhya Rani Devi, were the others to be chosen for the Arjuna award.
Dronacharya Award
Five coaches were chosen for the Dronacharya award. The awardees are as follows: Ram Phal (wrestling), Devendra Kumar Rathore (gymnastics), I. Venkateswara Rao (boxing), Rajender Singh (hockey) and Kunthal Kumar Roy (athletics).Yashvir Singh, long-time coach of world champion and Olympic bronze medallist wrestler Sushil Kumar, withdrew his nomination on 21 July evening thereby clearing the route for Ram Phal, coach of Yogeshwar Dutt.Gagan Narang was selected for Rajiv Gandhi Khel Ratna Award.
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PERSONS IN NEWS
INS Sharabh
The oldest commissioned ship of the Indian Navy INS Sharabh decommissioned at the Naval Jetty at Port Blair in Andaman and Nicobar Islands.Commissioned in January 1976, at Gdynia, Poland Ship had the merit of participating in many amphibious operations both on the eastern and western seaboard of the country and landed troops and materials on all major landing sites in the Andaman sea region. swimmer to qualify for the 2012 mega event in the 100 metres breaststroke event.Sharath Gayakwad had earlier qualified for the London Paralympics 2012 in the 100m breaststroke event.As a result of their phenomenal performances at the World Championships, Khade and Sejwal currently are a part of the Top 150 list. Khade is ranked 122 in the 50m butterfly event while Sandeep is 128th in the 100m breaststroke event.
Nirupama Rao
Ms Nirupama Rao (Former Foreign Secretary and U.S. Ambassador-designate) selected for the yearly annual award instituted by the Sree Chithira Tirunal Trust for the year 2011. Award constitutes Rs.1 lakh and a citationMs. Rao selected for the award for her role in shaping the countrys Foreign Policy and her rich understanding of the India-China border issue.
Virdhawal Khade
Indian swimmer Virdhawal Khade on 27 July 2011 became the second Indian swimmer to qualify for 2012 London Olympics clocking 50.34s in the 100m freestyle event at the 14th FINA World Championships in Shanghai. He qualified for the 2012 London Olympics in the 100-metre freestyle event.Khade though could not make the semifinals at FINA, managed to cross the qualifying mark. He covered the 50m distance in 24.08s. He finished tied 41st overall out of 105 competitors. Sandeep Sejwal was the first
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Pradeep Kumar
Defence Secretary Pradeep Kumar chosen as CVC (Chief Vigilance Commissioner). Mr. Pradeep Kumar, retires as Defence Secretary on July 31 He was chosen by consensus by a panel comprising Prime Minister Manmohan Singh, Home Minister P Chidambaram and Leader of Opposition in Lok Sabha Sushma Swaraj. Mr. Kumar, a Haryana cadre IAS officer of the 1972 batch.
Pyeongchang
The International Olympic Committee (IOC) announced that Pyeongchang (South Korea) won the vote to be the host city for the 2018 Winter Olympics. Pyeongchang defeated Munich (Germany) and France's Annecy in the voting held in Durban, South Africa. Pyeongchang received a massive 63 of the 95 votes cast in the first round of the secret ballot in Durban. Munich received 25 and Annecy seven.Pyeongchang is the ski resort area located 180km east of Seol. The Winter Olympics will likely put South Korea on the map as a winter sports hot spot.Only two of 21 previous Winter Games have been in Asia after Japan hosted the event in Sapporo in 1972 and again in Nagano in 1998.
R.T.Agarwal
R.T. Agarwal is appointed as the new Director (Finance) Power Grid Corporation of India Ltd.
Ashok Parija
Members of the Bar Council of India (BCI) unanimously elected Ashok Parija as the new Chairman and Zafar Ahmed Khan as the new Vice-Chairman. Ashok Parija succeeded Gopal Subramaniam who laid down office upon his resignation as Solicitor General of the country.The newly elected Chairman and Vice Chairman shall continue in office along with the other office bearers till April 2012.Ashok Parija is a member from the State Bar Council of Orissa while Zafar Ahmed Khan is BCI member from the State Bar Council of Madhya Pradesh.Election was held only for these two offices in which all 19 members of the BCI were unanimous in expressing their choice for posts of Chairman and Vice Chairman.
Mamta Sharma
Mamta Sharma succeeded Ms Girija Vyas as the new chairperson of the National Commission for Women (NCW).Ms Sharma was a member of the Rajasthan Legislative Assembly and President of Rajasthan State Women Congress Committee.
Mitul Desai
Mitul Desai (an Indian-American), appointed as Senior Adviser in the U.S. State Departments South and Central Asia Bureau to strengthen ties with the Diaspora groups. Mr. Mitul in charge for working out means to facilitate the US Government to put together an alignment of groups to make it comfortable for Indians in the Diaspora as well as other Diaspora communities to make contributions to growth
Sadananda Gowda
CM of Karnataka D V Sadananda Gowda,Elected as leader of the BJP legislature party through secret ballot & thus became the CM of Karnataka.
Rajan Mathai
Rajan Mathai took charge New Foreign Secretary of India.Mr. Mathai was Indias former ambassador to France.He is to hold office for a two-year term.He succeeds Nirupama Rao, who has been named Indias ambassador to the US.Mr. Rakesh Sood, Indias am-
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Sadhana Amte
A senior social worker wife of the Magsaysay Award winner late Shri Baba Amte popularly known as Sadhana-`tai, Sadhana Amte (86) passed away after prolonged illness.She is survived by sons Dr Vikas, and Magsaysay Award winner Dr Prakash Amte.She supported her husband in establishing a rehabilitation colony for leprosy patients, `Anandwan, several decades ago.She also stood by her Husband all through the struggle and turbulent phases of life including the Narmada Bachao Andolan.She and her Husband dreamt for humankind and their struggle to put life For the recognition of her Service she was Conferred upon many awards including Chaturang Lifetime Achievement Award in the year 2007 for her notable contribution in the field of social work
tral Bank of India.Usha started her career with another public sector lender BoB in 1982 as a specialist officer in planning division. She worked in various capacities as zonal head (southern zone), life insurance joint venture formation and secretary of the board of directors, before rising to the post of general manager.
M V Tanksale
The Union government appointed M V Tanksale, executive director of the country's No. 2 state-run lender Punjab National Bank (PNB), as the new chairman and managing director of Central Bank of India. Tanksale who began his term on 29 June 2011 will remain in office till 31 July 2013.
J.C.D. Prabhakar
The All India Chess Federation (AICF) elected J.C.D. Prabhakar as president for the term 2011-2014 at its annual general body meeting.
Nirupama Rao
Nirupama Rao (Foreign Secretary) appointed the ambassador to the USA.Ms Rao succeeds Meera Shankar as the US Ambassador.1973-batch IFS officer took over the office of the ForeignSecretary on August 1, 2009, becoming the second woman to head the Indian Foreign Secretary after Chokila Iyer. She was to retire in December in 2010 at the age of 60 but wasgiven an extension till July-end as the Government fixed a two-year term for the post of foreign secretaryMs Raos appointment as the next ambassador to USA comes as a significant development in the backdrop of crucial Indo-US ties. Ms Rao, the first woman spokesperson of the MoEA (Ministry of External Affairs), was countrys ambassador to Sri Lanka and China before being appointed as the foreign secretary.
Naved Masood
Naved Masood took over as the New Secretary in the Ministry of Corporate Affairs.Naved Masood is a 1977 batch IAS officer of Uttar Pradesh cadre.Mr. Masood substituted Mr. D.K.Mittal who was appointed as Secretary Department of Financial Services in the Ministry of Finance.
Naresh Chandra
Government set up Task Force to review the existing National Security System.The Task force to suggest the measures to fortify the security machinery in the non-conventional areas of the Country.The Task Force set up under the chairmanship of former Cabinet Secretary Mr. Naresh Chandra.
Usha Ananthasubramanian
The Government of India appointed Usha Ananthasubramanian, former general manager of Bank of Baroda (BoB) as executive director of public sector lender Punjab National Bank (PNB). She replaced M V Tanksale, who was elevated to the position of Chairman and Managing Director of the Cen-
Vilasrao Deshmukh
Union Minister Vilasrao Deshmukh defeated former Indian Captain Dilip Vengsarkar, by 47 votes to become the president of the Mumbai Cricket Association for the term of two years.
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