Category Archives: Indian Economics & Market

Drivers of Indian Economy-Thank You #sarcasm

Drivers of Indian Economy-Thank You #sarcasm
Drivers of Indian Economy-Thank You #sarcasm

Thanks to those who eat, shop and buy things when not required. In order, to ease the itch in their mind and hands. Are attracted by the glam and glitter of the shinning lights and display windows. Read the rest of this entry

India Gets ~NSG~ waiver – Joins Nuclear Club

India Gets ~NSG~ waiver – Joins Nuclear Club

The Nuclear Deal Wins after 1000 deaths

Finally after years and months of ups and downs facing all the climax a deal can possibly meet at a global level. The Nuclear Deal gets through all the major hurdles.

The day President of United States, George W Bush on his visit to India declared the Deal and the basic framework was negotiated ; each and everyone  saw it as a topic of debate.

In INDIA it went upto the level that the present government (INA Congress) lost support of the left and had to undergo Trust Vote in the parliament. The two days of trust voting saw both the sides of the coin; one could clearly see the dirty politics and at the same time people who were serious about it. We saw The Nuclear Deal Being related to Muslims , the very communist party said the deal was threat to the secularism. If nothing worked bribery money plot was used.

Two powerful statements for the deal were of Umar Abdula and Lalu Prasad Yadav

[youtube=http://in.youtube.com/watch?v=zBUWqakJ0uE&feature=related] [youtube=http://in.youtube.com/watch?v=-mr2Fjw5A0A&feature=related]

One of the most power speech that was not delivered due to the comotion in the Indian parliament was of Prime Ministers Manmohan Singh’s ( you can view it here) Read the rest of this entry

Unstoppable Indians

Unstoppable Indians

Indians have been unstoppable in which ever field they may be in. One of the best civilizations flourished here in the ancient times. Many tried to slave this land but none were successful no one was able to withstand the strong determined people which latter will be called INDIANS; a republic democratic country which earned its status with a war unique in it own kind, the war which had freedom fighters like Shaheed Bhagat Singh, Shaheed Udham Singh, Subhase Chandra Bose and MAHATMA GHANDHI all in one battle. India is the only country which has shown Unity in diversity and surpassed all the social evils that try to break it.

Recent Years have seen; what can be called the golden period of the Indians. They have been creating news; whether it be


oInternational Politics

oBusiness

oScience

oSports

oEntertainment

oExploration

oConstruction

oIT Sector

Read the rest of this entry

Indo US Nuclear Deal Deserves A Safe Passage

Indo US Nuclear Deal Deserves A Safe Passage

Indo US Nuclear Deal Deserves A Safe Passage

Nuclear agreement between India and the United States will be seen as one of those decisive moments in international politics when two powers who have been courting each other for some time decide finally to cross the point of no return. The U.S. and India have `come out’, so to speak, and the world will never be the same again.

Every world order needs rules in order to sustain itself but sometimes the rules can become a hindrance to the hegemonic strength of the power that underpins the order. The U.S. has chosen to harnessing India’s evident strategic weight; the joint statement released by President George W. Bush and Prime Minister Manmohan Singh on July 18 2005; is the most dramatic textual manifestation.

New Delhi: “Welcomed the successful completion of discussions on Indo US Nuclear Deal and looked forward to the full implementation of the commitments “and this also ended the over four decades of sanctions slapped on india which was imposed after india first tested its nukes in 1974. The withdrawal of sanctions against Delhi will help India in many ways. It will open the gates for Indo-US cooperation in lucrative space research and scientific cooperation in many fields which are currently barred to Indians. The US has refused to offer a similar deal to Pakistan. India, Washington says, has demonstrated that it is a responsible nuclear power.

US had strong and pressing reasons. India for most of the time since independence in 1947 has been at loggerheads with Washington. India was considered a Soviet ally. All this suddenly changed after 9-11. America started to look at New Delhi as an important potential ally. The idea was warmly welcomed in Delhi which wanted to use the US clout to stop Pakistan from supporting militancy in Kashmir. The relationship quickly flourished and by late 2002 we heard both Indian and American officials talk of “strategic partnership”. A recent Pentagon report describes India as a “key strategic partner”.

After this deal, India is no longer a non-aligned power. It will no longer champion for Third World countries. The Indian elite has clearly decided to throw its lot with the Americans. New India wants to emerge as a global power and enjoy the fruits that go with that status. It is no longer concerned with ethics and morality in matters of policy.

Nuclear Deal agreement is a win-win situation from the Indian point of view. India will be able to build more nuclear power plants. At present it has 15 functional plants with an additional 7 under construction. India stuck to it guns during the course of tough negotiations during the finalization of the nuclear deal. It did not agree to open all its nuclear facilities to international inspection. Instead, it ingeniously divided its facilities into “civilian” and “military” ones and agreed to open only the civilian to international inspection.

Indo-US Nuclear Deal Deserves Safe Passage

nuclear power has enormous benefits in harnessing it as seen in countries which have used nuclear power successfully, e.g. France.(70% nuclear power)

Indian domestic uranium, is almost four times costlier than imported uranium because of the mining and production costs. If the Indo-US deal is materialised; the NSG’s uranium reserves are freed for export to India, India would be getting ready-to-use uranium at very cheap rates.

7 % contribution that nuclear energy would be making towards India’s energy mix by 2031-32 is a significant contribution.

To stop the deal would be derailing India’s nuclear energy goals.

The legislation amendments in Section 123 of the Atomic Energy Act of 1954 of U.S allows it to make a one-time exception for India to keep its nuclear weapons without signing the Nuclear Non-Proliferation Treaty (NPT).

Under the amendment, India must separate its civilian and military nuclear facilities, and submit civilian facilities to inspections by the International Atomic Energy Agency (IAEA).

This, is the real value of the deal in American and the Indian eyes and we should be aware of it.

For full information on the same and not one sided view refer to “Scrawlerz Blog