International
US To End Afgan Mission By 2013
The President of US Barack Obama was facing a tough time of re-election campaign,as the strongest signal is that the White House wants to put an end to wars.The US troops completed their withdrawal from Iraq in Dec 2011. So the US Government plans to end combat operations in Afganisthan in 2013 and shift to training programme.
Facebook Files For Historic IPO
A socail networking for huge Facebook had filed an initial public offering (IPO),Which could raise as much $10 billion and move the value of the company between $75billion and $100billion.It had more than 845million active users across the world .
Russia &China Voted The UN Security Council Resolution
Russia & China on 4 Feb 2012 voted the UN Security Council resolution for the second time in four months. The resolution condems the Syria regime’s on public uprising calls upon Present Bashar Al Assad to abide by the Arab league time-fame for political reforms in the country. The frame for implementation of the resolution by Syria was increased from 15 days to 21 days
EU Wants 3rd World To Double Its Renewable Energy By 2030
The European Union (EU) wants Countries meeting at a conference in the up coming June under the UN’s Rio+2o mechanism to double their share of renewable energy by 2030 under an International obligation. EU wants countries like India to agree to double its energy efficiency levels under an International understanding. All world leaders are to gather in June for the United Nations Conference on sustainable development, known as Rio+20 in policy circles.
Indonesia Became The 157th Country For Test-Ban Treaty
Indonesia had formalised ratification of the nuclear test ban treaty on 6 Feb 2012 at the United Nation. The South-east Asia nuclear weapon free-zone treaty commits ASEAN’s 10 members stakes not to develop, manufacture or, otherwise acquire posses or have control over a atomic energy.
Moody’s Cut Rating Of Six European Coutries
Moody’s action follow those of standard & poors which downgraded rating of six European countries, Italy Malta,Portugal,Slovakia and Slovania all had their rating cut by one notch with a negative outlook, while Spain was cut by two notches to A3, with a negative outlook. Britain, Australia and France could lose their triple’ A’ ratings as rating agency Moody placed the countries on negative watch
Pakistan To Grant MFN Status To India By 2012
Pakistan on 15 Feb 2012 agreed liberal trade with India and conceded to put in place a small nagative list of goods by the end of the month where imports will be restricted.By the year end even this nagative list expected to be phased out. A joint statement issued after bilateral talks between commerce minister Anand Sharma and Markhdosm .Pakistan will grant MFN status to India by October 2012.
Three New Nuclear Projects By Iran
Iran on 15 Feb 2012 launched three nuclear projects including a fourth generation ultra centrifuge, which is capable of enriching the uranium faster than its earlier models. The first one was at the Iranian Atomic Organisation Research Center in Tehran where Iran’s first home made nuclear fuel rads were loaded into a medical reactor. This would be used for production of two other projects in the Natanz plant in Central Iran. Enriched uranium is a critical compound for both civil nuclear power generation and nuclear weapons.
China To Be Top Gold Consumer In 2012
According to the World Gold Council ( WGC ) China had over taken India as the country with greatest appetite for gold in 2012. Its Jewellery investment demand reached 769.8 tonnes in 2011.Representing 82 % of Indian’s level of demand for gold which was at 933.4 tonnes. The Chinese figure had only recently risen above the 50% mark in the gold market.
EU-US In Trade Tie- up
The Us and European countries had entered into a historic trade arrangement that will pare way for organic products certified in the U.S or EU to be sold in either region from 1June 2012 To bring the two largest organic producers and markets together to promote organic farming and is valued at around $60billion. Germany stands as its contribution to the organic market is $ 6billion.
Dow Chemicals Remain To Be Sponsor For London Olympics
The International Olympic Committee ( IOC) on 16 Feb 2012 announced that Dow Chemicals would remain a sponsor of the London Olympics. The Indian Olympic Association had appealed to the IOC and London Games Organizing committee to withdraw the Dow’s sponsorship from the London Olympics. The International Olympic Committee turned down the appeal of IOC maintaining that Dow chemicals, the parent company of Union Carbide had no role in the Bhopal gas tragedy in 1984. It insisted Dow chemicals did not have any ownership stake in union carbide until 16 yrs after the disaster and 12yrs after the USD 470 million compensation agreement was approved by the supreme court of India.
UK Companies Eyes On Infra Projects
After loosing the IAF’s $1billion jet fighters deal to French firm Dassault’s Raffale, UK had sent a high level delegations to India to seize the $ 1trillion worth of opportunities in India’s creaking Infrastructure sector. The delegation comprising leading UK firms in the airport ,ports and rail sectors has shown keen interest in participating in the $2 billion Navi Mumbai International airport project, ports in Gujarat, Maharashtra and Tamilnadu and the metro rail projects proposed in various cities.
Independent Evaluation Group On World Bank’s Crisis
A phase -two study of the World Bank’s crisis response, presented in a report, that the world Bank’s response to the global economic crisis. Phase II was released on 23 Feb 2012. The report noted during its responses to the worst financial economic crisis that hit the world economy in 2008, the world bank failed to adequatily modify its lending patterns as per the severity at the downturn across nations.
World’s Richest Country Qatar
Qatar had the world’s highest per capita GDP Rs. 43,06733 , while the economy grew by 19.40%, the fastest in the world . Qatar had wast proven reserves of both oil and natural gas.Qatar tops the list of world’s richest countries by the Forbes magazine in 2012, with a small citizen population of less than 17 lakh people. The Forbes magazine had announced 182 countries ranking among these countries the world richest country is Qatar ,in second place is Luxembourg, in third place is Singapore, in fourth place is Norway , in fifth place is Brunei and UAE, America, Hongkong,Switzerland, Netherland,Australia, Canada and Kuwait standing in the next places. and Burundi, Liberia and Congo at the least places. Qatar is the place where the next World football world cup is going to be held in 2022.
N.Korea, Agreed To n-Morotorium:US
United states officials confirmed that North Korea had agreed to halt nuclear tests and activities and implement a morotorium on nuclear and long-range missile development in exchange for a US package of 240,000metric tonnes of food aid. The agreement also includes suspension of uranium enrichment activities at Yongbyon and also permission for International Atomic Energy Agency inspectors to return and conform the disablement of the 5-MW reactor and associated facilities.
Long List Of Millionaires In China’s Parliament
The membership of the National Poeple’s Congress provides wealthy businessmen on powerful platform and secure their support for the communist party of China .The NPC, the chinese parliament and top legislative body convenes in Beijing on March 5 for its annual session, it will be bringing together not only China’s most powerful political leaders but also some of the nation’s wealthiest individuals.The net worth o f the 70 richest delegates at the NPC, was $89.8billion, the country’s 3,000 members legislative house.