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Showing posts from May 20, 2012
Narain Karthikeyan qualifies 23rd for Monaco GP Monaco (Monte Carlo): Indian F1 driver Narain Karthikeyan qualified 23rd for the Monaco GP, round six of the 2012 FIA Formula 1 Championship. The blue-riband event of the series sees drivers taketo the narrow streets of the Principality through the weekend. It was looking good for the HRT F1 driver as the opening practice session on Thursday saw him complete 26 laps, finishing ahead of the two Marussia drivers and his teammate Pedro De La Rosa. “There were a few off-track excursions, but this is normal in Monaco when you are trying to find the limit”, he revealed. The second Thursday practice was rained out, resulting in very little running. This meant the one-hour final practice session was a busy effort, with the Indian completing 19 laps in final preparation for qualifying. “It was looking good for qualifying, we had got a fair amount of running and since the circuit isn’t aero-dependent, we were closer to the cars ahead of us”, he said. The…
Japan and Brazil  to cooperate in developing a deep-sea oil field off the Brazilian coast.A project is underway to explore for oil at a depth of over 2,000 meters in the Atlantic Ocean. Brazil's state-run oil company Petrobras is investing more than 120 billion dollars in the 5-year project.Brazil is asking Japan to provide shipbuilding and marine development technologies for exploration and drilling work.Japanese government hopes to help domestic businesses win contracts in the project. Japan wants to accumulate know-how for the development of its own marine resources. Brazil and Japan the two countries are expected to exchange a written agreement in Tokyo next week.

 Brazil's state-run oil company Petrobras on January 21, 2008, announced the discovery of Jupiter, a huge oil field which could equal the Tupi oil field. It is located 37 km (23 mi) from Tupi, 5,100 m (16,730 ft) below the Atlantic Ocean, 290 km (180 mi) from R…

European Union leaders have agreed on a new initiative to help Greece achieve economic growth, but continue to insist the country carry out austerity measures.EU leaders met for six hours in an extraordinary summit held in Brussels, Belgium, on Wednesday.

Greece has been in recession for five years, crippled by a debt mountain, high unemployment and labour unrest.There are fears that a Greek exit could trigger a run on the banks  not only there but in other eurozone countries.
EU confirmed they want Greece to stay in the eurozone but called on it to carry out austerity and respect its commitments for receiving an EU bailout.Leaders agreed for the first time on measures to help Greece achieve economic growth and job creation.They agreed to use EU subsidies designed to narrow inequalities among members.

EU summit comes as Greece prepares to hold fresh elections June 17th after attempts to form a coalition failed.After the summit, European…
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Kicking-off work on the long discussed US-backed Turkmenistan-Afghanistan-Pakistan-India gas pipeline, India and its new energy partners on Wednesday signed agreements that will pave way for laying of the 1,680-km line.

Turkmenistan which holds more than 4 per cent of the world's natural gas reserves  signed agreements to sell gas to India and Pakistan through the USD 7.6 billion pipeline at the Caspian Sea resort of Avaza. Describing signing of the Gas Sales and Purchase Agreement (GSPA) as "no-ordinary event", Oil Minister S Jaipal Reddy said the signing was "a triumph of multilateralism, regional cooperation and economic integration". The 1,680-km TAPI pipeline will have a capacity to carry 90 million cubic metres a day (mmcmd) gas for a 30-year period and will be operational in 2018. India and Pakistan would get 38 mmcmd each, while the remaining 14 mcmd will be supplied to Afghanistan.Beside…
Modi has his way as Joshi quits ahead of BJP national meet
Gujarat Chief Minister Narendra Modi on Thursday had his way forcing the resignation of his bete noire Sanjay Joshi from the BJP National Executive after which he decided to attend the two-day meeting which he had earlier planned to boycott.

Party chief Nitin Gadkari, who had brought Joshi back into the executive, announced the end of a "small controversy" and declared that he and the Gujarat strongman will work together to strengthen the party, setting the stage for deliberations in the executive. Modi announced in Udaipur that he will go to Mumbai in the afternoon for the meeting of the executive, which will pave the way for giving another term to Gadkari as Party President. Gadkari said with the end of this row, he and Modi will work "shoulder to shoulder" to strengthen the organisation in the changed political scenario.The BJP chief also prai…

Leaders reaction to Petrol price hiked

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Finance Minister Pranab Mukherjee, Prime Minsiter Manmohan Singh and Sonia Gandhi, Congress party president,released UPA report card on the government’s completion of three years in office, in New Delhi May 22, 2012.
UPA II completed three year rule and the both house of parliament completed budget session on Tuesday.On Wednesday government announcement of the steepest ever hike, petrol price is increased on Wednesday by Rs 7.50 a litre with effect from midnight tonight.Mamata Chief of TMC is against this hike. West Bengal Chief Minister and chief of UPA ally Trinamool Congress, Mamata Banerjee, reacted sharply to government’s decision to hike petrol prices, terming it as ‘unacceptable.’Won’t topple govt on petrol price hike:
BJP spokesperson Parkash Javadekar said “We condemn the petrol price hike and seek its roll back. We will not allow it to happen. A strong democratic agitation is on the cards,” BJP reacts to petrol hike: People’s reply in polls: The opposition reac…
  European Union is not considering an association agreement with Ukraine over what it regards as political persecution in the country, French Foreign Ministry spokesman Bernard Valero said on Thursday.
“The human rights situation in Ukraine, in particular political trials, arouses serious concern within the EU. Clearly, the signing of an EU-Ukraine association agreement is not being considered in this situation,” he said.
The bilateral deal aims to establish political association and economic integration between the EU and Ukraine, but European Council President Herman Van Rompuy said in December the agreement is unlikely to be signed before Ukrainian parliamentary elections due in October.

The trial and subsequent seven-year jail term of former Prime Minister Yulia Tymoshenko, which Europe sees as politically motivated, also became a hurdle.Tymoshenko was jailed for pushing through a 2009 gas deal with Russia that Ukrainian authorities say has…

Environment Ministry Subservient to Commerce Ministry

Environment Ministry Subservient to Commerce Ministry, permits traders to import hazardous wastes
Both Ministries acting under influence of hazardous waste traders in contempt of Supreme Court orderࠠ࠼br>
New Delhi 23/ 5/2012: ToxicsWatch Alliance (TWA) disputes the contention of the Jayanthi Natarajan, Union Minister of Environment and Forests in the Lok Sabha on May 21, 2012 wherein she said"Import of such (hazardous) wastes for disposal is not permitted. Import is permitted only for recycling or recovery or reuse with the permission of the Ministry of Environment and Forests and/or Directorate General of Foreign Trade," of Union Commerce Ministry. Her reply that defines hazardous waste as recyclable material appears to be an exercise in sophistry. The reply is attached.ࠠ
If this reply of Union Minister of Environment and Forests is read with the attached 'Statement of Hazardous Goods Lying at Ports' given to the Parliament by Union Minister of Shipping, the true…
Dell Reports First Quarter Financial Results ·Revenue of $14.4 billion ·GAAP Earnings of $0.36 per share, non-GAAP earnings was $0.43 per share ·Dell Enterprise Solutions and Services revenue grew 2 percent year over year to $4.5 billion ROUND ROCK, Texas, May 22, 2012 – Dell announced its fiscal 2013 first quarter results today, continuing to show progress in its move to being a total enterprise services and solutions provider. Revenue for the quarter was $14.4 billion, with GAAP operating income of $824 million, and earnings of $0.36 per share. “We’re committed to continuing our strategy to re-shape Dell’s business as an end-to-end IT provider,” said Michael Dell, chairman and CEO.“We saw continued progress in our first quarter with the innovative IT solutions we’re providing – notably our latest Dell servers, storage, networking and services that deliver customers enhanced productivity.” “We continued to shift the mix of our business during a challenging environment,” said Brian Gladde…