The Indian Economy - Page 32

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mannypaul thumbnail
Posted: 16 years ago
Global recession impacted many countries in the world and India is also effected by global recession. The economic growth has been declined from 2007 before that economic growth used to be above 9% and Indian economy was doing extremely well. From 2009 the economy of India has been reducing due to the global economic crisis. In order withstand the competition that is being met by counties like China and Philippines
Government has take effective decisions on the software policy.

India has been favorable destination for Bpo and Software companies. Indian Government has to consider the global investment seriously in order to attract foreign companies. Global recession impact is very less comparing to other western countries due to the avialability sufficient funds at the indina banks no bank in india got bankrupt due to financial crisis.

ICICI bank lost around 3$ billion due to the sub prime effect in US but the Bank got recovered soon. Reserve Bank of india played crucial role by keeping suffiecient reserves at it we are able to withstand recession problem in india. In order to acheive higher economic growth rate inidan goverment has to attract foreign investment that will create jobs and business in india.
mannypaul thumbnail
Posted: 16 years ago
India is the best place to invest our banking policies are much better than u.s banking policies . At the time of inflation also The govt. is managing the things . Indians are good at saving ,i this is helping us in not increasing the inflation percentage in India.
u.s is planing to follow the Indian banking policies ,system to get the thing on safer side.

(ranjith)
Edited by mannypaul - 16 years ago
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Posted: 16 years ago
Manny.
The PM has blamed the developing nations for the global slowdown.
India's growth rate at 6% is reasonable by world standards. However there's a chance that will improve the next year.Our monetory policy is independant from other nations, and is unique. Protectionism is strong in India. It is the soundest place to be compared to any of our neighboring foreign countries.
India's monsoon rains are likely to remain active over many parts of the country, except in the northwestern regions, the India Meteorological Department said. Widespread rainfall activity is likely to continue over many parts of east and central India during the next 48 hours, the weather department said on its Web site. The country's June-September monsoon season is important for summer-sown crops such as oilseeds, rice, cotton and sugar cane, as 60% of the fields are rain-fed.
Car sales in India rose for the fifth straight month in June, driven primarily by lower lending rates and the introduction of new models from auto makers. Sales climbed 7.8% in June to 107,531 cars from the 99,741 sold a year earlier, showed data issued Wednesday by the Society of Indian Automobile Manufacturers industry group. Higher borrowing costs and a slowing economy reduced demand for cars and two-wheelers in Asia's third-largest automobile market last year. But sales began to recover earlier this year after a slew of stimulus packages, including tax cuts, from the federal government and a lowering of borrowing rates by financial institutions. Compared to a year earlier, car sales grew 22% in February the first monthly rise since last September 1% in March, 4.2% in April and 2.5% in May. Overall, the auto industry has exhibited a positive trend in volume growth over the last four to five months. The rising trend in vehicle sales will only be confirmed when auto makers report a gradual positive trend in volumes over the next couple of months. Automakers in India have introduced several new small cars and sedans since January in an effort to lure more customers. Maruti Suzuki India Ltd. began selling the Ritz, its seventh small car model, in May as it worked to maintain its leadership in the expanding market. Sales at Maruti a unit of Suzuki Motor Corp. gained 12% to 54,693 cars as the market leader sold more A-Star, Ritz and Swift cars. Fiat SpA introduced its Grande Punto hatchback last month, with the company lifting car sales to 2,464 units in June from 500 a year earlier. Second-ranked carmaker Hyundai Motor Co. posted a 5.2% rise to 23,013 cars, while Tata Motors, the country's third-largest auto maker, rose 3.2% to 13,732 cars. Sales at Honda Motor Co.'s local unit increased 13.5% to 5,039 cars in June, boosted by the introduction of the Jazz hatchback model. Full-year outlook was based on stimulus packages, referring to annual sales outlook announced in April. Currently nothing has changed and it is too early to factor in the impact of the monsoon. Normal monsoon rains are considered key to higher sales of cars, commercial vehicles and motorcycles in India's growing rural markets. About half of the country's agriculture depends on monsoons rains. Monsoon rains are forecast to be below normal this year and auto makers have previously said they are studying for possible impact of this delay on their sales. Local car saleswere to grow 3%-5% in this fiscal year that began April 1. Truck and bus sales may grow 7%-10%, while that of motorcycles and scooters are projected to rise up to 5%. Local sales of trucks and buses slid 12.5% to 36,193 vehicles in June because of a decline in sales of medium and heavy commercial vehicles. Sales in the medium and heavy commercial vehicle segment declined 31% to 15,659 vehicles as Tata Motors and Ashok Leyland the top two manufacturers posted lower sales in a slowing economy. Light commercial vehicle sales, however, increased 10% to 20,534 units in June. In the motorcycle segment, sales gained 16% in June to 550,833 units as Hero Honda Motors Ltd., Yamaha Motor Co. and Honda Motorcycle & Scooter India Ltd. saw an increase in demand. Motorcycle sales of second-ranked Bajaj Auto Ltd. and third-ranked TVS Motor Co., however, declined. Scooter sales rose 25% to 111,980 units in June, with Hero Honda, Honda Motorcycle and TVS posting higher sales.
Edited by jagdu - 16 years ago
jagdu thumbnail
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Posted: 16 years ago
At least 69 people, mostly poor workers living in slums, have died over the past few days after drinking tainted home-brewed liquor in western India.
[Gujarat liquor deaths] Women mourn a relative suspected to have died from consuming illegally brewed liquor in Ahmadabad, India, Thursday, July 9, 2009.

The tragedy began unfolding on Monday when people began to fall sick after drinking sessions over the weekend in Ahmadabad, the main city in Gujarat state. The death toll now stands at 69, said I.P. Gautam, the chief municipal official of Ahmadabad. He said 120 people were being treated in four hospitals.Deaths from drinking illegally brewed cheap alcohol are common in India, where few people can afford licensed liquor. Known locally as desi daru, illicit liquor is often spiked with pesticides or chemicals to increase its potency. In Gujarat, the problem is worse because the state law prohibits the sale of all liquor. Gujarat is the home state of India's independence leader, Mohandas Gandhi, who was a strong advocate of prohibition. In the latest scourge, most deaths occurred after drinkers were admitted to hospitals. Others were found dead on the streets. Authorities asked a retired judge to probe the deaths and suspended six police officers for negligence of duty, said state Home Minister Amit Shah. A large number of suspects have been questioned but no arrests have been made. Most of the victims lived in the Majur Gam and Odhav localities of Ahmadabad, slums inhabited by thousands of mostly poor laborers. They included Arvind Solanki who allegedly brewed the tainted drink in his home and sold it to the workers, said Saikia. Mr. Solanki, his son and another relative drank the liquor to prove it was of good quality after some customers complained about the brew's bitter taste. All three died in the hospital. In 1980, 128 people died after drinking tainted liquor in Majur Gam.

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Posted: 16 years ago
[Obama and Singh] U.S. President Barack Obama, right, and Indian Prime Minister Manmohan Singh, center, attend a meeting at the G-8 conference.
Perched at 13,300 feet and a two-hour hike from the nearest road, this tiny village in the Ladakh region of India's Himalayas is a trekker's dream. Mud-brick houses center around elaborately-decorated Tibetan-style kitchens, where the family eats, sleeps and serves butter tea to any passerby who happens to wave hello. Dzomos, a cross between a yak and a cow, graze in rock-walled enclosures. Steps leading to a 200-year-old Buddhist monastery offer views down a valley to towering snow-capped peaks.

Interactive Map

Stan Sesser's trek.

A solo trek in Ladakh, hiking some 40 miles among the world's tallest peaks, at elevations ranging from 10,000 to 16,000 feet. To make life more comfortable, a Ladakhi tour agency sends a guide, a cook and a horseman. Five horses carried loads including tents, a 35-pound canister of cooking gas and even a table and chair. The cost totaled $688 for the five-day trek less than a single night at one of the luxury Himalayan hotels sprouting up in nearby Bhutan. In most of the Himalayas, the prime trekking periods are March to April and October to November; summer is the rainy season. But in arid Ladakh, a mountain range cuts off India's summer monsoons and the trekking season runs from June to October.

Here are dramatic canyons with multicolored walls and villages unchanged for centuries. Many of the mountain-savvy inhabitants are willing to guide visitors safely through difficult terrain and weather. To talk with people who spend half the year in isolation, when villages are cut off by snow, is to meet people from another world.

The 15th-century monastery Thiksey Gompa near Leh

Yet political turmoil is threatening to make trekking in this part of Asia as much of an endangered species as the snow leopards prowling the mountains above Rumbak. That leaves Ladakh, bordering Tibet in India's far north, with an ethnic Tibetan populace unfettered by Chinese restrictions. The capital, Leh, lies just a one-hour flight from New Delhi; many treks have starting points just a short drive from Leh. The region, in India's Jammu and Kashmir State, is often perceived as having widespread Hindu-Muslim violence, even though that conflict is a two-day journey away. Still, only a sprinkling come says Rigzin Jora, the state's tourism minister.

A worshiper with prayer wheels at the Lamayuru monastery

Ladakh has been open to tourists only since 1974, following a period when it was enmeshed in India's border disputes and military actions with Pakistan and China. Before 1974, Ladakhis were really suffering, says Mohammed Rafi, an academician who specializes in Indian tribal art. The 300,000 residents are definitely better off now because of tourism, he says. They have no income except for tourism. Commerce here grinds to a halt in winter, when snow cuts off the highway that leads to the rest of India. Leh's many restaurants and souvenir shops try to earn a year's income in the span of the short tourist season. Tourists who do come "tend to be very interested in Tibetan culture, says Lars Lindstrom, a Ladakh resident and board member of the Swedish aid organization Friends of Ladakh. That has led people here to appreciate and want to preserve their culture.

Stupas near Ladakh's Stok Palace

Begin with an early-morning flight from New Delhi, with views of snow-covered peaks reflecting the rising sun and a heart-stopping descent into Leh through a mountain pass, when the airplane's wing tips seemed to scrape the rocks on each side. To avoid potentially fatal altitude sickness, visitors must spend their first three days at 10,600 feet in Leh doing as little walking as possible which isn't as hard as it sounds; one can hire a vehicle for visits to ancient monasteries in the countryside. Sitting on a hillside overlooking the airport is the 15th-century Spitok Monastery, one of dozens of Tibetan Buddhist monasteries found outside Tibet. Many such monasteries inside Tibet were destroyed during China's Cultural Revolution.Visitors view centuries-old wall paintings, as a long horn, an important part of religious ceremonies, punctuates the chanting of prayers.

A bumpy drive along a ridge far above the Indus River broings to Zinchen, the starting point of the trek, the view down to the river. Zinchen consisted of two stone houses, where our horseman waited to transfer the gear for five days on the Markha Valley trek, named for the place where it ends.

A Himalayan trek shouldn't be undertaken lightly. A beautiful day can quickly turn into rain or snow. Many treks lack satellite phones: If a trekker can't be evacuated on horseback, someone has to walk out to arrange an Indian army helicopter. At one point, when climbing to a 16,000-foot pass stop every few steps to breathe hard and fill lungs, go more than a few steps without wanting to take a photo. Ladakh's arid train has rocks ablaze with color, and where streams come down from the mountains, bright-green pastures enclose vivid-red blooms on hundreds of wild rose trees.

In Ladakh, there will be no running water at your camp site or homestay, one of the private houses that take paying guests overnight. Toilets everywhere are stone enclosures with a dirt floor and a hole leading to a deep pit. Showers generally mean splashing around in a freezing-cold stream. An enterprising family in Rumbak installed a drain in the concrete floor of a closet-size room; for $2, they draw a big bucket of water from the river, heat it on their wood-burning stove and install you in the room with the bucket and a little plastic pitcher.

But joys outweighed inconveniences. Many agencies sponsoring Ladakh trekking insist on high environmental standards, and that seems to have had an effect. Remarkably little litter during trek, whereas on a trek in Nepal 20 years ago, littering by local residents was ubiquitous. More importantly, rarely encountered people so friendly and seemingly uncorrupted by foreigners, who often earn far more in a week than they would earn in a year. receive many invitations to enter villagers' homes for tea and biscuits; hosts would have been insulted if offered to pay.

The horseman on trek supports a big family in Rumbak and earns just $7 a day on days when he has work. Yet at the end of the trek, he turned around so fast to take his horses back home that one had to run after him to give him a $20 tip.

Trip Planner

Getting There: Flights to Ladakh, on Jet Airways or Kingfisher Airlines, leave early in the morning; plan to arrive in New Delhi the day before. The Delhi airport has no hotels, but the first-rate Radisson Hotel Delhi is a 15-minute drive away.

Where to Stay: The first order of business in Ladakh is acclimatizing. Dozens of guesthouses in Leh offer spartan but comfortable surroundings for $20 to $50. There is a Western-style, four-star hotel, the Grand Dragon, where rooms start at $120 (Old Road Sheynam).

Where to Eat: Restaurants aren't a big feature of Ladakh. Soaring above the rest is Tibetan Kitchen, with kebabs and tandoori dishes; get there before 7:30 to be sure of a table (Fort Road). Summer Harvest Restaurant is a popular alternative (Fort Road,). Both are less than $10 a person.

Trekking: Booking through Snow Leopard Trails in Leh, run by Wangchuk Kalon; the agency gives travelers the opportunity to customize. Five-day solo trek cost $688; two people would have cost about $900.

Edited by jagdu - 16 years ago
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Posted: 16 years ago
A huge crane involved in cleaning up the site of a fatal Delhi Metro construction accident collapsed, heightening safety fears about one of India's flagship infrastructure projects.

Crane Crash Follows Bridge Collapse[SB124750784568933973]

The giant crane toppled as it was being used to lift a section of bridge. Officials updated the death toll to six from five in Sunday's collapse of a bridge being built by Delhi Metro Rail Corp. in South Delhi. Delhi Metro Managing Director E. Sreedharan attempted to resign over the incident, but was persuaded to remain on the job, a spokesman said. The chief minister of a capital region that includes Delhi declined to accept his resignation, the Press Trust of India said. On Monday, the crane lifting part of the bridge toppled over. Footage of the incident was broadcast on Indian television. The extent of the damage was unclear, with some reports of injuries. The spokesman for Delhi Metro said there were none. While doing the rescue operations, this kind of thing might happen, said, because of the complex structure and very limited space. The metro is operational in some parts of New Delhi and is still being built in others. In a city where roads are often choked with traffic and many individuals have long commutes, the metro is a desperately needed infrastructure upgrade. Speaking in India's parliament, Minister for Urban Development S. Jaipal Reddy said all precautions would be taken to prevent accidents and that we will never compromise on safety aspects. They are examining the issues and they will submit their report, said R.L. Telang, vice president of business development. The company hasn't yet been contacted by investigators or the police, he said
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Posted: 16 years ago
After high prices and a doubling of import duty choked India's gold imports in the first half of 2009, demand in the world's largest consumer is likely to be further hit by poor rural demand in the second half due to weak monsoons.
[Gold jewellery ]

A shopkeeper displays gold jewellery at a jewellery shop in Jammu July 14, 2009.

Rural consumers, who account for 60%-70% of total gold consumption in the country, rely heavily on June-to-September monsoon rains for the production of summer crops such as rice, oilseeds, cotton, and sugar cane. Typically, rural gold sales fall whenever there is fear of insufficient rains because that can lead to a squeeze on farm incomes. According to India's Meteorological Department, monsoon rains are expected to be 93% of the long term average this year. Erratic rains in the past few weeks have already fueled concerns of widespread crop losses and lower output. Morgan Stanley said in a recent report that there is an increasing risk of India's agriculture growth slowing to 1.5%-2%, from a 3% growth forecast made before the monsoon season. As it is, gold imports have fallen this year. Adding to the current weak demand, lower farm realizations will definitely (keep) farmers away from the bullion market, said Harish Galipelli, head of research of Karvy Comtrade. Upcoming Hindu festivals in the second half of the year, usually the peak time for gold sales, may fail to generate increased buying interest this year amid fears of a drop in rural incomes. The Impact of the weak monsoons will be felt strongly on rural demand, unless gold prices fall to 13,500 rupees ($277) levels as Indians are very price sensitive, said Praveen Singh, an analyst with Sharekhan Commodities. If prices continue to hover around current levels of 14,500 rupees/10 grams, it could be a bad year for gold demand, he said. In the first half of 2009, India's gold imports plunged to just 61.8 tons, from 139 tons during the first half of last year, according to preliminary data from the Bombay Bullion Association. The rest of the year is unlikely to see any surge in demand, despite the peak festival season if prices hover at these levels, said Girish Choksi, a bullion merchant based in Ahmedabad. Average sales will continue to be around 30%-40% of last year's sales, he added.He said weak sales will result in India's gold imports falling below 500 tons this year, compared with an average 700-800 tons in previous years. There is increasing amount of recycled gold coming into the market and that is quoting around 100 rupees/10 grams lower than imported gold, said Pravin Mehta, president of the Madras Jewellers and Diamond Merchants Association. He said with the doubling of import duty on gold bars, the difference in prices will widen, leading to higher preference for recycled gold. Right now we are getting 10% more recycled gold than demand in the market, Mr. Mehta said. However, it may still be too early to estimate the extent of demand weakness, said Bhargava Vaidhya, director of Vaidhya & Associates and a leading industry expert.In addition to agriculture production, overall economic growth in the next few months will be a key indicator of demand, he said. Monsoon's failure will affect demand, but it will be limited as the government has a lot of relief measures in place to take care of the rural economy, Mr. Vaidhya said

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Posted: 16 years ago
U.S. Secretary of State Hillary Clinton sought to further buttress ties between New Delhi and Washington on a visit to India with talk of how the two countries can together battle terrorism and combat global warming. Mrs. Clinton chose a highly symbolic backdrop for the opening of her three-day trip, staying Saturday at Mumbai's iconic Taj Mahal Palace & Tower, one of the hotels attacked during November's gun-and-grenade rampage in the city, which left more than 170 people dead. clinton
U.S. Secretary of State Hillary Clinton speaks during a news conference in Mumbai July 18, 2009.

Mrs. Clinton is the highest ranking U.S. official to visit India since President Barack Obama took office, and she plans to meet top officials Monday in New Delhi. The agenda here is expected to cover everything from counterterrorism to securing nuclear power and defense deals worth billions of dollars. Mrs. Clinton expressed optimism in Mumbai that the two countries would seal a pact allowing the U.S. to make sure American weapons sold to India were being used as intended. The pact is needed to allow U.S. firms to bid for an Indian contract to buy 126 fighter jets. The sale is expected to top $10 billion, making it one of the largest arms deals in the world and potential windfall for Boeing Co. and Lockheed Martin Corp. Aside from doing business, Mrs. Clinton also appeared eager to allay Indian unease with the Obama administration's focus on combating Islamist militancy in Pakistan and Afghanistan. Of particular concern to Indian officials are calls from some in the U.S. for Washington to take an active role in brokering a settlement to the conflict in Kashmir. The predominately Muslim Himalayan region divided between the nuclear rivals and lays at the center of their more than six-decade rivalry. Mrs. Clinton sought to ease those concerns at the outset of her visit, saying it was up to India and Pakistan to solve their differences. But New Delhi still battling a 20-year Islamist insurgency in its part of Kashmir that has at times been supported by Pakistan's military has adamantly refused to allow outside mediation of the conflict. India has also been hesitant about restarting overall peace talks with Pakistan. The talks were cut off in the wake of the Mumbai attack, which has been linked by officials in both countries to a banned Pakistani Islamist militant outfit, Lashkar-e-Taiba. Indian Prime Minister Manmohan Singh has been taking political flak in the past few days for a joint statement put out after he met Pakistan's prime minister on the sidelines of a meeting in Egypt. The statement said neither country should link peace talks to progress in fighting terrorism, although Mr. Singh was quick to say Pakistan had to bring the Mumbai plotters to justice before there could be any moves toward a settlement. Global warming is also an issue of contention between the U.S. and India, which has argued that the West has contributed a century's worth of carbon emissions to the atmosphere and therefore should bear the brunt of combating climate change. Mrs. Clinton, in a nod to Indian sensitivities, acknowledged as much, and said the U.S. would never try to impose conditions that could limit India's economic growth. Instead, she said India and the U.S. should together come up with a plan to fight climate change. I am very confident the United States and India can devise a plan that will dramatically change the way we produce, consume and conserve energy and in the process spark an explosion of new investment and millions of jobs, she told reporters Sunday at the ITC Hotel chain's so-called Green Building outside New Delhi, Mrs. Clinton had also discussed the issue a day earlier at a meeting with 11 of India's to business leaders in Mumbai, telling them each country had take its own approach to climate change. But there does have to be a framework that India and China in particular sign on to that produces results, she said.

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Posted: 16 years ago

[Clinton and Krishna]

Hillary Rodham Clinton shares a light moment with Indian Foreign Minister S.M. Krishna after signing an agreement on an endowment fund for science and technology.

The U.S. and India announced deals Monday that could bring American defense contractors and power companies billions of dollars in business, as Hillary Clinton wrapped up her first visit as secretary of state to the nation. A long-running dispute over how to combat climate change threatened a day earlier to the sour the trip, which has been touted as an effort to strengthen ties between world's two largest democracies after decades of estrangement during the Cold War, when New Delhi often leaned toward the Soviet Union. Monday's announcements ensured Mrs. Clinton's three-day visit brought tangible gains for both sides, setting the stage for further expanding military cooperation and two-way trade, currently valued at about $45 billion and growing. I don't think you can understate the significance of our relationship as two democracies Mrs. Clinton said at a joint news conference with her Indian counterpart, External Affairs Minister S.M. Krishna. We understand the difficulties of decision-making in democracies, and we respect the vibrancy of each other's democracy. That is a much stronger base for a relationship than any other in the world. Mrs. Clinton said she had been told by Prime Minister Manmohan Singh, whom she met earlier in the day, that India had set aside two sites where U.S. firms will have exclusive rights to build nuclear power plants. The sites will facilitate billions of dollars in U.S. reactor exports and create jobs in both countries as well as generate much-needed energy in India, which faces chronic power shortages, Mrs. Clinton said. She didn't say where the sites would be. But the widely expected announcement is a major step toward implementing a landmark pact sealed last year between Washington and New Delhi that ended a 34-year ban on trading nuclear fuel and technology with India, which had developed atomic weapons outside the Nuclear Non-Proliferation Treaty.

Already, India has set aside sites exclusively for French and Russian companies. The U.S. sites announced Monday guarantee American access to a market for power plants valued at tens of billions of dollars.U.S. Secretary of State Hillary Clinton gestures as she addresses Indian students and university officials during a function at a university campus in New Delhi July 20, 2009.Hillary Clinton visits India photoHowever, a number of hurdles remain. The U.S. hasn't granted American companies licenses needed to share sensitive technical data and specifications with Indian firms. And India must pass legislation and sign an international convention that limits nuclear-power companies from liability in the case of an atomic accident. Mrs. Clinton and Mr. Krishna also announced an end-use monitoring agreement that provides for the export of U.S. weapons and defense technology to India by allowing American authorities to make sure it is used as intended and not sold to other countries. The agreement opens the way for Lockheed and Boeing to bid on an Indian contract to supply 126 fighter jets, a sale valued at more than $10 billion. It could also bring in billions of dollars more for those companies or other American defense contractors as India modernizes its aging, largely Soviet-made military arsenal. India and the U.S. also finalized an agreement that would allow American parts to be launched on civilian or noncommercial Indian spacecraft.

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President Obama bills himself on the world stage as an empathetic guy, and Secretary of State Hillary Clinton is a veteran of a famous listening tour of her own. Let's hope the Administration was paying attention to India's environment minister when he told Mrs. Clinton a thing or two about climate policy Sunday There is simply no case for the pressure that we, who have among the lowest emissions per capita, face to actually reduce emissions, Jairam Ramesh told Mrs. Clinton in a closed-door meeting, according to a copy of his remarks distributed after the session. And as if this pressure was not enough, we also face the threat of carbon tariffs on our exports to countries such as yours. Mr. Ramesh was simply repeating the widespread consensus in India that it's irresponsible to sacrifice economic growth benefiting hundreds of millions of mostly poor people for the sake of environmental absolutism. India's per capita GDP is around $1,000. While its mostly state-owned energy industry is grossly inefficient and the country could benefit from less wasteful energy usage, emissions caps are the wrong way to go. Caps would send prices on energy and other goods higher, not to mention the longer-term damage to economic growth. Mr. Ramesh's remarks point to another cost India could bear even if New Delhi resists imposing its own emissions caps: the cost of protectionist measures imposed by developed countries to shield their businesses from the costs of their own national emissions targets. The cap and tax bill recently passed by the U.S. House is explicit in proposing tariffs on goods from countries that don't follow the developed world's anticarbon line.

Instead Mr. Ramesh repeated New Delhi's longstanding call for developed countries to finance the import of expensive green technologies, which would in theory help India reduce emissions without incurring as many out-of-pocket costs. At the same time, India has rejected any calls for legally binding emissions targets. If this concept sounds familiar, it should. President George W. Bush proposed such a framework almost exactly four years ago. The Asia-Pacific Partnership on Clean Development and Climate brought together the U.S., India, China and four other countries to find ways to spread green technologies. Environmentalists derided it at the time, partly because it didn't set mandatory emissions reductions and partly because Mr. Bush had proposed it. It has since dropped off the radar screen, although it's still in operation. Call it a more honest form of environmentalism. The Indian government recognizes the public would never be willing to shoulder the costs of emissions controls, and that it's unfair to ask millions of poor people to try. Mr. Bush understood that the developed world can best help developing countries green themselves up by supporting freer trade in environmentally friendly technologies. It's a stark contrast to climate politics in today's Washington, where Democrats try to push cap-and-trade through Congress before anyone notices the costs while special interests slip in protectionist carbon tariffs. There is still serious scientific debate about the causes, effects and possible solutions for climate change. But if President Obama is determined to tackle the issue anyway, he could do worse than listen to what Mr. Ramesh said.

On Saturday, Bill Gates will pick up the Indira Gandhi Prize for Peace, Disarmament and Development from India's president. He will be the first businessman to receive the prize since it was instituted in 1986. He won't be collecting it for Microsoft but for the Bill and Melinda Gates Foundation, which was awarded the 2007 prize last year but is only receiving it now. In theory, it could have been an Indian businessman receiving this prestigious award. But it isn't. The reason: The Gates Foundation has invested almost $1 billion in the past decade on philanthropic work in India. Don't believe any individual Indian businessman could come remotely close to matching that. Why not? Obviously, the Gates Foundation is backed by Mr. Gates's huge riches, which have for years made him the world's richest man. Yet India has its fair share of billionaires, multimillionaires and millionaires who could be giving away a good proportion of their money for the betterment of their country but aren't, at least not on even a fraction of the Gates scale. Amid the broad adoption of U.S. business culture in Indian industry, this lack of dramatic, sustained, well-organized individual giving practically a competitive sport in U.S. business circles is sadly conspicuous by its absence. Corporate social responsibility, a growing field, is a different beast. We need to see more of the sort of vast private endowments that Western people make to foster art and other cultural projects, says Gautam Thapar, chairman of industrial group Avantha. His grandfather set up Thapar University in the Punjab as a philanthropic exercise more than 50 years ago and the family still funds it today. Many reasons wealthy Indians don't give more, or even much. Mr. Thapar says it's because the tax regime has not been favorable to the accumulation of great wealth in individual hands. The more jaded say it is connected to a lack of community spirit an extension of the attitude that makes people maintain a spotless home but look the other way at the trash on the street. That is belied by the fact that ordinary Indians, when asked to give, give generously to those in need. Others maintain it is because there are no good outlets for their donations: there are few prominent national charities or foundations that instill trust in potential donors or are transparent enough to demonstrate that funds are being put to good use. That may explain why much of the sustained good work you do hear about is done, literally, on an individual level building a road in an ancestral village or sponsoring village children in school. Tarun Das, chief mentor to the Confederation of Indian Industry, says it is because India's wealthy are too easily satisfied by giving a little and they're probably insecure that, if they give too much away, will there be enough? Fortunately, this aspect may be changing. After years of the so-called Hindu rate of growth, India's economy has romped along for long enough that it has instilled some confidence in the nation's wealthy that the sky won't fall tomorrow. And there are some Indian entrepreneurs who are starting to set an example. Shiv Nadar, chairman of HCL Technologies, says he has put 450 crore (about $94 million) of his own money into his educational initiatives an engineering college in Chennai and a series of residential schools for poor kids in Uttar Pradesh, among other initiatives. Now 64 years old, Mr. Nadar says he wishes he had gotten into philanthropy sooner. I read something that if you knew grandchildren were so much fun, you should have had them before children, he says. So if I had known not-for-profit was so fulfilling, I should have got started there much, much earlier. He'd like to see more of his peers involved. There is no point in just writing a check, he says. It is your time that is more valuable. So far, however, he says they are virtually invisible. Even if a nascent philanthropic culture is emerging, Mr. Das says of his fellow (well-to-do) Indians: They must do more because they've got new wealth. I feel they can multiply what they do as individuals and corporations by one hundred times. Maybe some will be inspired to do so when they see Mr. Gates collecting a prize

Village fairs have always captivated Jatin Das. As a boy growing up in the eastern Indian state of Orissa, the artist, now 67 years old, would return home from bustling fairs with armfuls of brightly lacquered handcrafted toys. A doting grandmother often indulged him. So began his odyssey as a collector, recalls Mr. Das, now a renowned painter. While his artistic ambitions eventually led him to the prestigious Sir J.J. School of Art in Mumbai and subsequently to establish a home and studio in New Delhi, he still travels to Orissa at least six times a year to see family and friends and delights in purchasing all sorts of toys, terracotta objects, ceramics and other handicrafts by Indian artisans.

jatin das

The Thumbnail Sketch

Home: New Delhi, India

Signature style: Semi-abstract figurative paintings

Next exhibition: Chelsea Arts Club, London (through August)

What he collects: Indian arts and crafts, terracotta and pankhas ' or hand fans ' among other things

Few of his countrymen, he observes, share his regard for traditional crafts. Indians are systematically destroying their heirlooms, their treasures and their traditions, says Mr. Das, whose home state is famous for its temple carvings and bright cloth appliqu wall hangings. They are going for the plastic culture, the synthetic culture. They want to be modern in a vulgar way. Mr. Das has his own interpretation of modernism. Over the course of his career, his large oil canvases have featured muscular human figures limbs akimbo, devoid of any ornamentation that one might expect from a handicraft aficionado. The backgrounds remain abstract, with shifting fields of color and confident lines that define the composition. Such works first brought him acclaim in the 1960s and '70s, and they continue to win him admirers today. In his most recent solo show in India, Earth Bodies," held in May at the India Habitat Centre Visual Arts Gallery in New Delhi, his palette favored burnt sienna, dark green and maroon. Overseas, his work has been auctioned in recent years at Bonham's in London, Christie's in New York and Versailles Enchres Perrin-Royere-Lajeunesse in France. This month Mr. Das will reside at the Chelsea Arts Club in London, which has mounted an exhibition of his work that will run through August. And in September, the painter will travel to San Francisco to attend the opening of his show at the Artists Alley Gallery. The father of a 6-year-old son by his second wife, Bidisha Roy Das, Mr. Das has two adult children from his first marriage. Sporting a bushy white beard and a puff of thinning white hair, Mr. Das is older than many of the country's contemporary art stars who get so much attention these days. Yet some critics note the erotic vitality of his work from jutting hips, buoyant breasts and sometimes playful, coquettish poses. Such energy also comes across in his watercolors, drawings, murals and sculptures.

woven fan

Collecting crafts can be a space-consuming hobby. To avoid an avalanche of clutter, and to make his treasures available to the public, the painter dispatched 300 boxes of his various collectibles ' toys, terracotta artifacts, handicrafts and fans ' to his latest pet project: the JD Centre of Art, a museum he founded to showcase his collection that is now under construction just outside of Orissa's capital, Bhubaneswar. Staffers at the center are still busy photographing and archiving the objects, which will be displayed when the galleries open in late 2010.

Of all the artifacts he's amassed, the collectible that remains closest to his heart is the pankha, a term for a hand-held fan derived from the Hindustani word for the feather of a bird, pankhi. Sourced from all over India, as well as many other countries, his collection numbers 6,500. Highlights have been displayed in Kuala Lumpur, Manila, London and Belgium over the past five years.

In recent months, Mr. Das has also wangled meetings with top city officials in New Delhi to discuss his longstanding proposal for a National Fan Museum in the nation's capital. Still pleading for funds, archival support, volunteers and other assistance for this grand project, Mr. Das concedes that it's all "madness of a kind." Yet he remains determined to arouse wider interest in the many-folded wonders of the pankha.

What is the essential appeal of a fan?

It creates air, which is energy-giving. It's cooling. It's cajoling. It has romance. The electric fan is monotonous.

Are certain fans more romantic than others?

Some fans are made of certain roots that are fragrant. You sprinkle some water on it, and then you fan, and then you get the fragrance. There is a lot of subtlety.

a fan wit a lacquered handle from the indian state of assam

A fan wit a lacquered handle from the Assam

when did you begin to pay close attention to fans?

Twenty-seven years ago, a friend of mine presented me with a very beautiful fan. It was beaded, from Rajasthan. I took the fan and I said, "Let me stir the still air" ' and I thought immediately that this could be title of a book. I decided to build a collection. With me, many things happen like that. An idea comes, and then I smell it like a dog and I follow it. (He is still at work on the book manuscript.)

How big is your collection now?

What started as a random collection became a subject for systematic study, research and documentation. In addition to the 6,500 fans in storage next to my (New Delhi) studio, I have about 2,000 paintings and photographs of fans. I (have) made 10 documentary films on fan-making with my wife and daughter. I've got poems on fans. I became a member of The Fan Circle International in the U.K. an organization of fan collectors.a shell-and-yarn fan from New Zealand made by Maoris

I have fans from Africa, China, Japan, Egypt, Korea and Southeast Asia. I also have a fan from Sweden, which they use for fanning the cold.

Which are your most treasured fans?

Sometimes a very simple fan can be very beautiful. One favorite is a two-rupee (about U.S. 4 cents) fan made from a waterborne grass in Haryana (a northern state that borders the city of New Delhi). I also have favorites that are worth 100,000 or 200,000 Indian rupees (about $2,050 to $4,100), with handles made of silver, ivory or lacquer. There are also pure silver and gold threaded fans from the (Indian) royal families.

In many cultures, there is something inherently hierarchical about the fan. You have the peon, and then you have the person who is sitting there, enjoying the breeze from the fan. What do you think?

Am I glorifying the aristocracy? No! I am celebrating the craft. I am talking about the poetry of the fan.

Within India, what is your modus operandi for acquiring a new fan? a Rajasthani rotating fan made of silver, used in temple rituals

Suppose you are staying in a hotel. You tell a driver or a cook that you are looking for a fan. They know where to look. Indian arts and crafts are known to poor and lower-middle-class people. The sophisticated and the educated do not know ' they are not connected to the cultural landscape of India. I find that very sad. When I go to a village, I go to a poor man's market, where vegetables and other things are sold. Then I get a fan there. Every summer the fans are still made, all over the country, in rural areas.

Who creates these fans?

Ninety-nine percent of the (Indian) fans (I own) are made by women. At the end of winter, in January/February, they collect the raw material. By early March, they make the fans and then sell them in the market. Some use bamboo, date palm, cane or palm leaf. They sell for two rupees, five rupees, 10 rupees normally they are very simple. Then she might add a little silk or a few feathers, and make her own craft out of it. That's the beauty of Indian tradition.

Don't you ever get tired of adding to your collection?

When I see something special, I can't resist.

The new owners of Mahindra Satyam, the scandal-plagued Indian technology company, face a management dilemma: When a company's beloved founder turns out to be a crook, how do you exorcise his ghost from the office? B. Ramalinga Raju revealed in January that he had cooked the books to the tune of $1 billion at the outsourcing and software firm then known as Satyam Computer Services Ltd. It shocked corporate India and devastated Satyam's 50,000 employees, many of whom viewed Mr. Raju as a father figure and memorized sections of the 250-page book, called The Satyam Way.

The scandal involving Satyam's founder shocked corporate India and devastated its 50,000 employees.Mahindra Satyam

In May, Tech Mahindra, a joint venture of Mumbai and BT Group PLC of the U.K. took over the troubled company. Since then, Mahindra's executives have gone about the delicate act of trying to keep what was valuable from Mr. Raju's influence while convincing employees they can move beyond it. The question we are asking ourselves now is what do we want to keep and what do we want to let go? says Hari Thalapalli, who indoctrinated thousands in the Satyam Way over the years as the company's head of human resources. The new executives say they looked at other international companies damaged by scandals, for ideas on how to move forward. The founder's not replaceable you can't rewrite history, says Jo-Ellen Pozner, an assistant professor at the University of California, Berkeley's Haas School of Business, who studies corporate misbehavior. Mr. Raju and his younger brother B. Rama Raju, Satyam's former managing director, are in jail awaiting trial on fraud and other offenses. Lawyers for the Raju brothers say they don't accept all the charges against them. Employees putting together a film to introduce the company to its new owners in June were among the first to deal with the struggle. It was hard to talk about the company without repeated photos and quotes of its disgraced founder. In the end, they cut the use of Mr. Raju down to two photos. You don't have to feel guilty, about Mr. Raju, Mr. Thalapalli told them. But you don't have to hero worship him. Mr. Raju built Satyam which means truth in Sanskrit into one of India's biggest software and outsourcing companies and one of the few with more than $1 billion in revenues. One legacy the company hasn't been able to deal with so far: The offices of Mr. Raju and his brother. Today they sit empty on the top floor of the company's Hyderabad headquarters. The penthouse has showers, bedrooms and a Japanese garden, but an expert in vastu India's version of feng shui has declared its design a disaster. Another blot left by Mr. Raju are the more than 8,000 employees who have been told to stay home with only 40% of their pay until there is more work. Mr. Raju hired thousands of employees he didn't need in hopes of hiding his inflated revenue figures. For the 40,000 employees that still have their jobs, the new management is trying to build a new corporate culture. The managers have scrapped the company's organizational structure, which was based around Mr. Raju's system of silos. Each division acted like a separate business, which motivated leaders but was also used to mask Mr. Raju's alleged fraud by preventing anyone but him from having a complete overview. You have to look at Raju as two characters. He was a thinker and a visionary, says C.P. Gurnani, the new chief executive officer of Mahindra Satyam. Then you have to think of Ramalinga Raju as a man who lacked basic discipline. That part of him cannot be part of the company. The new Mahindra Satyam Way will include more disclosure within the company. For example, each division will know the other's pricing, profits and overhead costs, and the company has added a new position of Chief Compliance Officer. During a leadership conference in June, Mr. Gurnani encouraged managers to debate and disagree. Previously corporate policy was more likely to be dictated from the top and accepted. People are slowly learning to live with multiple decision makers, says Padma Parthasarathy, who was sent to Satyam from the Mahindra Group two months ago to start the integration process. Softer parts of the corporate culture also are changing. Mahindra managers are more likely to end work on time and go out for a beer with colleagues the former culture was more formal, with colleagues calling each other sir, Mahindra managers now at Satyam say. In June, Mahindra Satyam held a talent show with skits, speeches and rock songs about the company's new identity. In another step to purge Mr. Raju from the culture, the name of Satyam is likely to be dropped from the company in the next year, says Mr. Gurnani, the new CEO.

Air India may get phased equity infusion

The government's financial restructuring plan for loss-making Air India may include a staggered infusion of equity, entailing an initial infusion of around Rs 13 billion, going up to around Rs 20 billion, depending on the company's need. The airline has made losses of Rs 50 billion on an equity capital of Rs 1.45crore.

Banks eye bigger slice education loan pie

Public sector lenders lead the pack in this low-risk business. When Shikha Mutreja went to a loan mela looking for an education loan to fund a master's programme at the School of Oriental and African Studies in London, little did she know that she would have so much choice. Even Geebee Education, the consultant that had organised the mela, did not expect so many banks to come calling. Instead of eight banks that had confirmed participation, 13 turned up, leaving the organiser with the task of finding space for the extra few.

Fiat Tata look to bring Ferrari, Maserati here

Italian auto giant Fiat and Tata Motors are in talks for a joint marketing project to sell Ferraris and Maseratis in India. Mr Tata, who is also a Fiat director, told Italian daily La Stampa the two were studying further cooperation to add to existing projects such as a partnership to produce engines in India. We have various projects, to take the Nano to Latin America together, to share platforms for new cars, we have projects for (Fiat lorry unit) Iveco and marketing Ferraris and Maseratis, in India Mr Tata said. We are talking about a lot of things.

PSBs ramp up ad spends for a brand new image

Ever wondered what India's state-run banks were doing when the world slipped into its worst financial crisis in decades and some of the largest financial institutions collapsed? Building their brands aggressively and shedding their old stodgy images!

Naked girls plough fields in Bihar for rain

Farmers in Bihar have asked their unmarried daughters to plough parched fields naked in a bid to embarrass the weather gods to bring some badly needed monsoon rain. Witnesses said the naked girls ploughed the fields and chanted ancient hymns after sunset to invoke the gods. They said elderly village women helped the girls drag the ploughs.

Education may wean away youth like Kasab from terror: Clinton

The confession of lone surviving 26/11 terrorist Ajmal Kasab shows that he was a young man without much purpose in life, US Secretary of State Hillary Clinton has said, pitching for good education and jobs to wean away the youth from blandishment of terrorist groups. Clinton, who just concluded a five-day visit to India and was here to attend the Association of South East Asian Nations (ASEAN) Regional Forum meeting, referred to the very dramatic trial of Kasab during an interview with The Nation, a partner of the Asia News Network.

Shielding Taliban? Pak refuses to move troops from Indian border

After a beguiling interval when Pakistan seemed prepared to see its internal challenges as more serious than those on its eastern border, Islamabad has flatly refused to move troops from the Indian front in what looks like a bid to protect the Taliban from a US surge in Afghanistan.

Hindujas look to sell stake in power project

Hyderabad: The Hinduja group is in talks with prospective partners to sell up to 49% equity in a proposed power plant it intends to build near Visakhapatnam in Andhra Pradesh, a top executive said. There are a lot of companies that have shown keen interest in picking up stake in our power project, Prabal Banerjee, the group's chief financial officer, told. We are now in talks with two-three firms and hope to sell the stake to one or two of them in the next couple of months.

Hyundai signs 3 year wage deal with workers

Chennai: Car maker Hyundai Motor India Ltd (HMIL), a wholly owned subsidiary of South Korean auto maker Hyundai Motor Co., on Thursday said it has signed a three-year wage settlement contract with its workers. The settlement comes two months after its workers in Chennai last staged protests demanding the right to organize a labour union, among other things. The Hyundai Motor India Employees' Union was formed in 2007 and has around 1,150 members but the workers said the company had not acknowledged its existence.

One of India's leading technology entrepreneurs warned that rising taxation in India threatens to undermine gains that the information technology industry could reap as the global recession prompts multinationals to outsource more.HCL Technologies Chairman Shiv Nadar speaks about the lasting impact of Satyam and how Indian companies stand to benefit in this economic downturn of the global recession on the IT industry. Shiv Nadar, founder and chairman of HCL Technologies Ltd., in the wake of the downturn large clients are reassessing which functions they need to keep in-house and what can be moved elsewhere. When the economy is hurting they are going back to say, What is our core, what is the purpose for which we exist? said Mr. Nadar, 64 years old. But he warned that the Indian government's increasing taxation of the industry threatens to curb its cost advantage and boost smaller-country competitors trying to challenge India's dominance. Since 1999, the Indian government has given the tech industry an income-tax holiday to foster growth. The holiday was scheduled to end this year until the government, in its new budget unveiled earlier this month, extended it for one year a move widely welcomed by the industry. Separately, however, the government last year introduced a new tax called the minimum alternative tax that, in effect, imposed a 10% tax on profits in cases where companies were paying no taxes under India's income tax regulations. In the recent budget, that tax rate was increased to 15%. Mr. Nadar said the increased burden would give countries an advantage. On the side there are a bunch of alternative countries that are waiting, he said. Mr. Nadar has been a pioneer in India's technology industry since 1976, when he founded Hindustan Computers Ltd. HCL Technologies has since grown into one of India's largest tech companies. In the quarter ended March 31, it reported net income of $43 million, down 50% from a year earlier. Revenue increased 18% to $564.4 million. India's technology industry, which has become a major driver of India's economic success over the past decade, hasn't escaped the downturn. Many big companies rely heavily on the global finance industry for clients, and the financial crisis has curtailed spending on new initiatives at many banks. A key question for the future is whether the industry can pick up enough new work, either from other industries looking to rationalize their operations or from existing clients outsourcing more functions to offset a prolonged financial-services slump. Mr. Nadar said he is optimistic.
[HCL Chairman Shiv Nadar]

HCL's Shiv Nadar, shown in 2005, warned that the Indian government's increasing taxation of the tech industry threatens to curb its cost advantage. Mr. Nadar said big, international clients would drive consolidation in India's IT industry by demanding that tech companies handle an ever-greater number of tasks. Technology companies that don't have those capabilities, or the geographic spread required by multinationals, either have to acquire them or be acquired. Big clients are saying, Look, we are not going to sit here and cut this into pieces of contracts for 10 different people, Mr. Nadar said. They are going to give it to one organization, and that one organization should have at least 70% to 80% of what the services are. Earlier this month, Mr. Nadar named his daughter, Roshni, 27 years old, as executive director and chief executive of HCL Corp., the holding company that controls HCL Technologies and another publicly listed company, HCL Infosystems Ltd., which focuses on the Indian market.

Continental Airlines Inc. Wednesday apologized to India's former president, A.P.J. Abdul Kalam, for frisking him before he boarded a flight to New York.
[ A.P.J. Abdul Kalam] Former Indian President A.P.J. Abdul Kalam smiles during a function in Bangalore, India.

The apology came a day after India's Bureau of Civil Aviation Security filed a complaint with the local police against the Houston-based carrier for wrongfully frisking Mr. Kalam on April 21, in contravention of bureau rules that exempt specified VIPs from such body checks.Continental said in a statement that it has formally apologized to the former president for any misunderstanding and/or inconvenience related to the security screening on April 21.

The longest solar eclipse of the 21st century pitched a swath of Asia into near-darkness after dawn, as millions watched the once-in-a-lifetime phenomenon Wednesday. A woman was killed in a stampede at the Ganges river in India, where devout Hindus had gathered for the eclipse. Millions of others, gripped by fear, shuttered themselves indoors. India abounds in superstitions and fables based on Hindu mythology, one of which says an eclipse is caused when a dragon-demon swallows the sun, while another myth is that sun rays during an eclipse can harm unborn children.

[SB124820973346069721] vspace5A total solar eclipse is seen in Varanasi, India, Wednesday.

Thick cloud cover over India obscured the sun when the eclipse began at dawn. But the clouds parted in several Indian cities minutes before the total eclipse took place before moving.

The eclipse caused when the moon moves directly between the sun and the earth, covering it completely to cast a shadow on earth lasted almost 4 minutes in India. In some parts of Asia it lasted as long as 6 minutes and 39 seconds.

Millions gathered to catch a glimpse of this century's longest total solar eclipse, as it traveled across Asia. .

It's a rare moment, I never thought I would see this in my life, said Abdullah Sayeed, a college student who traveled to Panchagarh town from the capital Dhaka to view it. e said cars in the town needed to use headlights as night darkness has fallen suddenly. People hugged each other and some blew whistles when the eclipse began, he said. One of the best views, shown live on several television channels, appeared to be in the Indian town of Varanasi, on the banks of the Ganges river, sacred to devout Hindus. Thousands of Hindus took a dip in keeping with the ancient belief that bathing in the river at Varanasi, especially on special occasions, cleanses one's sins. The eclipse was seen there for 3 minutes and 48 seconds. But the gathering was marred by tragedy when a 65-year-old woman was killed and six people injured in a stampede at one of the river's banks where about 2,500 people had gathered, said police spokesman Surendra Srivastava. He said it is not clear how the stampede started.

The eclipse visible only in Asia is the longest such eclipse since July 11, 1991, when a total eclipse lasting 6 minutes, 53 seconds was visible from Hawaii to South America. There will not be a longer eclipse than Wednesday's until 2132. A 10-member team of scientists from the premier Indian Institute of Astrophysics in Bangalore and the Indian air force filmed the eclipse from an aircraft. Scientists had said the Indian village of Taregna would have the clearest view, where thousands of scientists, nature enthusiasts and students gathered a day in advance. But thick clouds and overnight rains provided no spectacle, just a cloudy darkness. It was still a unique experience with morning turning into night for more than three minutes, said Amitabh Pande, a scientist with India's Science Popularization Association of Communicators and Educators, in Taregna. Still, the rain was welcomed by many in this agricultural area which has seen scant rainfall this monsoon season. It would have been nice to see the solar eclipse but the rain is far more important for us, said Ram Naresh Yadav, a farmer. Millions across India shunned the sight and stayed indoors. Even in regions where the eclipse was not visible, pregnant women were advised to stay behind curtains over a belief that the sun's invisible rays would harm the fetus and the baby would be born with disfigurations, birthmarks or a congenital defect.

Sadhus, or Hindu holy men, watch the solar eclipse through specially-designed viewing glasses in Allahabad, India, Wednesday, July 22, 2009India vspace5

My mother and aunts have called and told me stay in a darkened room with the curtains closed, lie in bed and chant prayers, said Krati Jain, 24, who is expecting her first child, said in New Delhi. In the northern Indian state of Punjab, authorities ordered schools to begin an hour late to prevent children from venturing out and gazing at the sun. Others saw a business opportunity: one travel agency in India scheduled a charter flight to watch the eclipse by air, with seats facing the sun selling at a premium.

The Pakistani man captured during the terrorist attacks here in November told a special court he was guilty of taking part in the assault a statement that surprised even his lawyer. Sir, I plead guilty to my crime,said Mohammed Ajmal Kasab on Monday, a confession that drew gasps from the audience.

Mohammed Ajmal Kasab said Monday he is guilty of charges related to the terrorist attacks in Mumbai. Above, Mr. Kasab is shown in police custody in February.Mohammed Ajmal Kasab

Mr. Kasab, 21 years old, is the only survivor of 10 suspected gunmen in the attacks, which killed more than 170 people. Mr. Kasab was charged in the special court in Mumbai with 12 crimes, including murder and waging war against India, and could face the death penalty, if convicted. He had pleaded not guilty in the trial, which began three months ago. Judge M.L. Tahiliyani immediately summoned prosecution and defense lawyers to confer privately about Mr. Kasab's statement. Both sides later said they hadn't expected the admission of guilt. It wasn't clear whether the admission will be accepted by the court. Everybody in the court was shocked the moment he said he accepts his crime, the public prosecutor, Ujjwal Nikam, told reporters. It was unexpected. Mr. Kasab's statement could put a quick end to the trial and strengthen India's claims that the attacks were plotted in Pakistan, as police say Mr. Kasab has told them in interrogations. Relations between Pakistan and India have been severely strained since the attacks, which Pakistani officials initially denied were plotted in that country or carried out by any of their nationals. Pakistan has since admitted the attacks partly were plotted there. Asked by the judge why he confessed now after consistently denying his role, Mr. Kasab said it was because the Pakistani government recently acknowledged he was a Pakistani citizen, dealing a blow to his defense.

[Ajmal Kasab] I was firing and Abu was hurling hand grenades at the railway station, Kasab told a special court in Mumbai. We both fired, me and Abu Ismail. We fired on the public. India has been hesitant about restarting peace talks with Pakistan that were aborted in the aftermath of the attacks, which have been linked by officials in both countries to a Pakistani Islamic militant outfit, Lashkar-e-Taiba. Indian Prime Minister Manmohan Singh has taken political heat for a joint statement put out Thursday after he met Pakistan's prime minister on the sidelines of a recent meeting in Egypt. The statement said neither country should link peace talks to progress in fighting terrorism, although Mr. Singh was quick to say Pakistan had to bring the Mumbai plotters to justice before there could be any moves toward a settlement. India has issued arrest warrants for more than 22 Pakistanis.Mr. Kasab was captured during the 60-hour siege of India's financial capital that began Nov. 26. Police say he admitted during multiple interrogations he was one of 10 gunmen trained in Pakistan who traveled together by sea on the terrorist mission. The assailants shot and killed people at Mumbai's top two five-star hotel complexes, the Chhatrapati Shivaji Terminus train station, a Jewish center, a hospital and a restaurant. Police arrested Mr. Kasab in a shootout near Mumbai's Chowpatty Beach. His image had already been captured on a surveillance camera at the monumental colonial-era train station, where he and an accomplice allegedly opened fire with automatic rifles and threw hand grenades at commuters, killing 52 and wounding 109. Police say Mr. Kasab told them he and the other gunmen were trained by Lashkar-e-Taiba, a group that grew out of Pakistan's push for independence in India's contested region of Kashmir. Police say Mr. Kasab has told investigators he came from a poor family in Faridkot Village, a dusty enclave of mud and stone buildings inhabited mostly by farmers in the Punjab province of Pakistan. In a verbal statement in court, Mr. Kasab described his group's journey from Karachi on a boat to Mumbai. When they landed on Nov. 26, he and an accomplice allegedly started firing in the train station. He identified the accomplice in court as Abu Ismail, AP reported. I was firing and Abu was hurling hand grenades, Mr. Kasab said. We both fired, me and Abu Ismail. We fired on the public. Mr. Kasab said his confession wasn't coerced. There is no pressure on me. I am making the statement of my own will, he said, according to the AP.
Edited by jagdu - 16 years ago

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