Monday, July 23, 2012

US asks China to be more transparent in its economic policies

'Observing that the Chinese economy is too large for it to pick and choose which rules it will follow without risking the integrity and legitimacy of the international system, the US on Wednesday asked Beijing to be more transparent in its economic policies.';Email this articlePrint this articleShare on Reditt

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Sunday, July 22, 2012

World Bank chief warns no region immune to European crisis

'World Bank president Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.';Email this articlePrint this articleShare on Reditt

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WikiLeaks opens new gateway for donations

LONDON: WikiLeaks has announced a new path for donations through a French credit card system Carte Bleue to find a way out of the US-backed financial blockade slapped by leading financial institutions.

Western financial institutions, including VISA, MasterCard and Western Union have choked the revenues of the world's leading whistle-blowing organisation.

In a statement yesterday on the WikiLeaks website, founder Julian Assange said: "We beat them in Iceland and, by God, we'll beat them in France as well. Let them shut it down. Let them demonstrate to the world once again their corrupt pandering to Washington. We're waiting. Our lawyers are waiting. The whole world is waiting. Do it."

WikiLeaks appealed "all global supporters to make use of this avenue immediately before VISA/MasterCard attempts to shut it down."

The statement said that after WikiLeaks published US diplomatic correspondence, US financial institutions "erected a banking blockade against WikiLeaks wholly outside of any judicial or administrative process."

The blockade resulted in 95 per cent donations being chocked, with the whistle-blowing website's income dropped to 21 per cent of its operating costs.

"The French credit card system, Carte Bleue, is coupled with the VISA/MasterCard system globally. VISA and MasterCard are contractually barred from directly cutting off merchants through the Carte Bleue system. The French non-profit FDNN (Fund for the Defense of Net Neutrality- Fonds de Defense de la Net Neutralite) has set up a Carte Bleue fund for WikiLeaks," the statement said.

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Captain Lakshmi Sehgal suffers cardiac arrest, condition critical

KANPUR: Captain Lakshmi Sehgal, who was part of Subhash Chandra Bose's Indian National Army, was admitted to a hospital here on Thursday following a cardiac arrest, family sources said.

Sehgal(97), who was ill for some time, suffered a heart attack this morning at her residence in Civil Lines area here, Sehgal's daughter Subhashini Ali told reporters here.

A team of doctors has been appointed to monitor her health condition, she said.

Captain Lakshmi Sehgal was very active in the independence movement of India and commanded the 'Rani of Jhansi Regiment of INA, formed by Subhash Chandra Bose.

A doctor by profession, she was working as a medical practitioner and a social worker. She was awarded Padma Vibhushan in 1998.

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Students' humiliation in Bangalore school: Child rights body seeks report from Karnataka govt

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PN Dhar, a close advisor of Indira Gandhi, passes away

NEW DELHI: Professor Prithvi Nath Dhar, an eminent economist who served as principal secretary to Prime Minister Indira Gandhi in the 1970s, died here on Thursday.

He was 94 and died of age-related problems. A professor of economics in Delhi University for many years, Dhar was one of the founders of the Delhi School of Economics.

He served as the United Nations assistant secretary general, research and policy analysis, in New York from 1976 to 1978.

Dhar, who was the only person in the Prime Minister's Office those days who was not from either the IAS or the IFS, had joined the PMO in 1970.

He was with Indira Gandhi in Shimla when the famous Shimla Accord was signed with the late Zulfikar Ali Bhutto after 1971 war with Pakistan.

Dhar, whose wife Sheila was a well known singer writer, was awarded the Padma Bhushan, India's highest civilian award in 2008.

His memoir 'Indira Gandhi, the Emergency, and Indian Democracy' is considered an authoritative documentation of events of the important period in modern India's history.

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Saturday, July 21, 2012

SC notice to Centre, Kerala govt on Italian naval guards' plea to quash murder case

NEW DELHI: The Supreme Court has issued notice to the Centre and Kerala government on two Italian naval guards petition seeking quashing of the murder case against them.

The apex court, however, refused their request for stay of the trial in the case, in which the two naval guards were facing charge of killing two Kerala fishermen.

The court will hear their appeal along with Italy's petition seeking quashing of the case on August 8.

Italy and the two naval guards maintained that the shooting incident happened outside the territorial waters of India and hence either Italian courts or an international forum was competent to hear the case and not criminal courts in India.

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