Shortly before the commencement of the Sixth G20 Summit in Cannes, France, leaders of the emerging, but powerful, economies -- Brazil, Russia, India and China -- met with the intention of designing a joint strategy on how to tackle the Eurozone debt tsunami that could overrun the developing nations causing havoc.
Clearing the air over why India has preferred Europe to the United States in the process of acquiring medium multi-role combat aircraft (MMRCA), top government sources said on Wednesday that it was to obtain the finest armaments for Indian armed forces.
"If you have two enemies and no allies, make a friend of one of your enemies," a government source said, quoting Tamil poet Thiruvallavur, while speaking on India's foreign policy vis a vis Pakistan in light of New Delhi's tricky relationship with China.
While admitting that there is still a long way to go before India-Pakistan relationship can be termed excellent, government sources on Wednesday expressed happiness over the progress made in the ties between the two Asian neighbours.
Summarily ruling out the possibility of China engineering a 'Kargil-type' misadventure along the Indian border, government sources in New Delhi said on Wednesday that Chinese incursions into Indian territory have progressively decreased over the last five years.
The bond forged with a mad man during a childhood Diwali still haunts Shishir Bhate.
The bond forged with a mad man during a childhood Diwali still haunts Shishir Bhate.
Underplaying the recent statements made by his ministers on the UPA's (United Progressive Alliance) functioning and why investment inflow into India could be adversely affected, Prime Minister Manmohan Singh suggested that coalition compulsions and some activism should not be read too much into.
The storm buffeting the global economy might blow many a rich nation into a severe recession which could incapacitate developing countries too. So how can India insulate itself from the ill-effects of this approaching tempest? Prime Minister Manmohan Singh has a prescription.
Condemning the recent assaults on civil society activists and stating that Anna Hazare's movement had served its purpose, Prime Minister Manmohan Singh on Wednesday assured that a bill for a strong Lokpal would soon be cleared.
Having obtained a waiver at the Nuclear Suppliers' Group and with South Africa and Brazil already welcoming India's acceptance of the relevant guidelines regulating the issue, India is exploring the possibility of accessing uranium from South Africa.
Expressing concern over the crisis that has ravaged Eurozone, Prime Minister Manmohan Singh said on Tuesday that the developing world may be hit by these recessionary trends and urged the rich nations to adopt quick and effective measures 'to prevent the global economy from slipping into a double-dip recession'.
The results of the by-polls cannot be seen as a reflection on the performance of any government, Prime Minister Manmohan Singh said on Tuesday. He was speaking to media personnel on the sidelines of the India-Brazil-South Africa summit in Pretoria in South Africa. "One by-election in a particular part of the country cannot be considered a reflection on the performance of my government or the Congress party," he said.
The prime minister is expected to take up matters related to the deepening of cooperation among IBSA countries, says rediff.com's Shishir Bhate, who is travelling with the prime minister to South Africa.
Prime Minister Manmohan Singh on Saturday circumvented all controversial domestic political issues, including those that surround Telecom Minister A Raja, Maharashtra Chief Minister Ashok Chavan's alleged role in the Adarsh Society scam, and the Commonwealth Games fiasco, but assured that he would look into the matter once he returns to India and then make any meaningful comment on it.
Taking India's Look East policy a step further, Prime Minister Manmohan Singh on Saturday announced visa-on-arrival facility for citizens of Cambodia, Vietnam, Philippines and Laos; and emphasised the need to speed up the finalisation of a free trade agreement in services and investment between India and South East Asian nations.
The $31-billion company, which sources around 30 per cent of its global consumption from India, had also criticised the Indian government for not opening foreign direct investment in single brand retailing.
The prime minister is in Hanoi to attend the 8th ASEAN-India Summit and the 5th East Asia Summit.
The two leaders are likely to finalise the Comprehensive Economic Cooperation Agreement, which will be formally signed in January next year after the due process of 'legal scrubbing' is over, sources said. The CECA, once signed, might come into force from July 2011.
To foster increased business exchanges, people-to-people contact, especially for students, India and Japan on Monday signed a memorandum of understanding to simplify visa procedures for each other's citizens.
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