Soaking in the success of her hit film 'Dirty Picture.'

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  Current Affairs

India: A global power in the making

 - Natalia George

  India's shining all over again and it's not just the cricket team that's making waves across the globe.  The G-20 has predicted that India will be one of the 10 largest members in the IMF and its rank in the IMF will improve to eighth position from the current 11th in terms of quota.

Leaders from across the globe are all set to meet in the US later this year for the prestigious Wharton India Economic Forum meeting to discuss how India continues to position itself to compete and succeed in the rapidly changing global environment. The theme for this year's conference is ''India: Gaining Momentum''. With an economy that's growing over 8%, that's hardly surprising.

The country is an emerging global power. R Seetharaman, the Chief Executive Officer of Doha Bank in Qatar, says "India will become one of the most sustainable economies in the future and by 2030, Asia's economy -- mainly encompassing India and China -- will be larger than that of the US and European Union combined." Seetharaman said the world has seen India and China emerging as the main contributors to the recovery of the global economy from a crisis situation.

Another point to note here is that the Sensex crossed the much awaited 20000 mark. The Indian indices defied all global markets and held its fort through the disaster in Japan and the Libya crisis. Exports too have been advancing greatly.

So what is contributing to India's stupendous growth story?

•    Youth population

•    An Educated society

•    High domestic Consumption

•    Investments

•    Grass roots entrepreneurship

India's Gen Y is its best asset and will be the biggest contributor to India's growth. In the next two decades, it will add over 200 million people to its working age - between 18 to 60 years - population. Much more than any other country in the world.

For India, more working people means more income. More income means a more prosperous nation. For a country that will become a middle income nation - per capita annual wages of $1,200, translating into Rs 4,500 a month - by the end of 2010/11 after more than a century of penury, its young population presents a never-before opportunity for transition.

Now if only we elect the right leaders, there's no stopping India from being the next super power.

 Food inflation at 6-month high of 11.4%

Prices of vegetables, fruits and protein items soar. May fuel further rise in rates.

In the News

   A K Naik 

French fighter jet bags record $18bn IAF deal

India has picked french firm dassault Aviation's top-of-the-line Rafale is to supply 126 fighters to IAF in a largest open-tender military aviation deal in the world. First 18 jets are to come in 'fly-away' condition from mid-2015. remaining 108 fighters to be made in India over 6 years after transfer of tech to HAL. $18 billion (Rs 90,000cr) is what the deal is worth.

India's per capita income rises to Rs 53,000

Reflecting growing prosperity, India's per capita income grew by 15.6% to Rs 53,331 per annum in 2010-11, crossing the half-a-lakh rupees mark for the first time, according to government data. The growth in per capita income comes on the back of 8.4% expansion of Indian economy during the last fiscal. Per capita income is the earnings of each India if the national income divided among the country's population of around 120cr.

Pilotless Lakshya-II aircraft successfully tested

India's indigenous Lakshya-II unmanned target aircraft has been tested successfully off a test range in Odisha's Balasore, the DRDO said. Flying at a sea-skimming height of about 15 meters, Lakshya-II demonstrated its full capability during tests, a defence ministry release said. 

India needs nuclear energy

Current capacity: India's installed capacity is 4,780 MW. This is spread across 20 indigenous pressurised heavy water reactors in Uttar Pradesh, Rajasthan, Maharastra, Gujarat, Karnataka and Tamil Nadu under construction.

Under construction: The total capacity of nine indigenous reactors that are under construction in Tamilnadu, Rajasthan and Gujarat is 6,700 MW. Locals are protesting against the Kudankulum plant in Tamil Nadu.

Proposed capacity: The total capacity of proposed plants in Maharastra (Jitapur). Gujarat (Mithi Virdi), Andhra Pradesh (Kovada) and West Bengal/Orissa is 40,000 MW. The reactors will be imported from France, US and Russia. Locals are protesting against Jitapur plant in Maharastra.

Indias Gold buy

India is the world's largest gold importer. Almost half of its gold has been sourced from Switzerland.

The gold Delhi bought for Rs 6 lakh crore over the last 15 years is today worth Rs 24 lakh crore.

High local demand uses up almost all gold produced in India from 3 gold mines.

Karwar readies for Gorshkov

India Govt to spend Rs 10,000 crore on Naval base's expansion. The Navy can base 27 major warships, including Admiral Gorshkov, and Scorpene attack submarines at Karwar after Phase-IIA gets over by 2017-2018. 

PROPHETIC WORDS...SO TRUE !
Nani Palkhiwala wrote on 16 January 1984.
“The picture that emerges is that of a great country in a state of
moral decay. The immediate future seems to belong to the doomsayers
rather than to cheer-mongers. We suffer from a fatty degeneration of
conscience, and the malady seems to be not only persistent but prone
to aggravation. The life style of too many politicians and businessmen
bears eloquent testimony to the truth of dictum that the single minded
pursuit of money impoverishes the mind, shrivels the imagination and
desiccates the heart. The tricolour fluttering all over the country is
black, red and scarlet – black money, red tape and scarlet corruption.”

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'What other people think of you is none of your business.'

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Chandrayaan, India's First Unmanned Lunar Mission

'Our baby is on its way to the moon' announced Mylswamy Annadurai, Project Director.

' Working against all odds of nature, the ISRO team won the day ' said Madhavan Nair, ISRO Chief.

Perfect launch of lunar  mission

India becomes the 6th country to launch Moon mission. Others are, 65 missions by former USSR and the USA, two by Japan, one each by European Space Agency and China. This is India's first and the world's 70th lunar mission.

6.22am - Blast off on schedule from Sriharikota.

6.40am PSLV C11 places Chandrayaan in temporary orbit.

Next 15 days, Chandrayaan will move into higher elliptical orbits around the earth.

After 15 days, Chandrayaan will enter lunar orbit, 3,87,000 km from earth, and will be eased into a stable orbit 100 km above moon. At the the first opportunity, Chandrayaan will drop 23 kg Moon Impact Probe, carrying Indian flag and scientific instruments. Camera and other instruments will be activated.

A tall story from Kashmir

--- Bridge to a world record. Height - 359 m, Steel Arch span - 485 m, steel used - 26 metric tonnes. Workers employed - 3,000, Cost - Rs 512 crore.

The world's tallest rail bridge is coming up over the Chenab, connecting Kauri and Bakkal in J & K's Reasi district. Standing 359 meters high when completed, it will be 5 times as high as Qutab Minar, 35 meters taller than Eiffel Towers and 17 meters higher than the present record holder, Millan bridge (342 m) in France.

“Taking the first foot step with a good thought,  the second with the good word and the third with a good deed, I entered paradise." ..... Zoroaster.

Indian POW’s in Pakistan : Missing or forgotten ?

54 POW’s missing since the 14 day war of Dec 1971. 

When will they be repatriated? Are they dead or alive?

The people want a definite answer.

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