Webinfosys's Local News : India, Aus to address uranium issue after NSG, IAEA nod

CANBERRA: India on Monday said its commitment to non-proliferation is "second to none" and the issue of procuring uranium from Australia will come up once it firms up an international arrangement for nuclear commerce.
Foreign Minister Pranab Mukherjee, who met his Australian counterpart Stephen Smith here, also said it was "too early" to refer to the issue of uranium sale as political discussions back home on implementing the Indo-US nuclear deal were still on.
"I have not come here with one issue of getting uranium from Australia. We are aware of the Labour party position on uranium for quite some time. Australia's commitment to non-proliferation is firm and we respect that," he said at a joint press conference after the meeting.
"So far our requirement of uranium is concerned I think it's too early to refer to that as it has been pointed out by Minister Smith...I am really busy back home in political front in regard to implementing 123 Agreement with the US. It is an exercise to catch a trend which has no possibility or when it will arrive at the platform we don't know."
"Once we have the entire process in place and uranium trade with India is permissible as per the international arrangement then and there the question will come," he said.
Smith said if and when the 123 Agreement reaches IAEA or NSG, Australia will give consideration to what the arrangement is. "We have told US government also that when such a thing happens, Australia will then give its consideration to the proposal."
Mukherjee also affirmed that India's was fully committed to non-proliferation, and the two countries share a common goal of a nuclear-free world.

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Webinfosys's Local News :Indian prisoner dies in Pak jail, Burney demands probe

ISLAMABAD: An Indian prisoner died of an electric shock in a jail in the Pakistani port city of Karachi on Monday, prompting a leading human rights activist to demand an inquiry into his death.
Fisherman Bhagwan Das, who was being held in Landhi Jail in Karachi, died of an electric shock, officials said.
Das had gone along with other prisoners to a section of the jail to wash clothes on Monday morning when he suffered an electric shock, TV news channels reported.
Rights activist and former human rights minister Ansar Burney said he had asked authorities to conduct a probe as Das had died in "mysterious circumstances".
"This man was a prisoner and it is a bit hard to believe that a prisoner can die of an electric shock. It is not as if he was at home or at his workplace and could have been exposed to electrical equipment that could have caused his death," Burney said.
"I have asked authorities to ensure that Das' death is investigated to find out what exactly happened," he said.
It was not immediately clear as to when Das had been arrested. Scores of Indian fishermen arrested for illegally fishing in Pakistani waters are being held in Landhi jail .

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Webinfosys's Local News : Inflation is India's biggest challenge: FM

WASHINGTON: Finance Minister P Chidambaram considers inflation the country's biggest challenge today and regards becoming an open market as the way forward.
Expressing concern at "the relentless rise" of crude oil, commodity and food prices, he put partial blame for the rising food prices on the "foolish" diversion of food to fuel. But he did not name the US, where food crops like corn are used for making ethanol.
Speaking to a private news channel on Sunday night, the finance minister said, "Food prices have also been on the rise thanks to foolish diversion of food to fuel".
Chidambaram also did not think that recent acts of terrorist violence would affect the investment climate in India.
"Please remember, terrorist violence has affected bigger cities like London, Madrid, Tokyo, New York," he told the show host Erin Burnett discussing India's economic challenges.
"If terrorist violence, terrorist action affects any city in India, it concerns all of us but that does not mean that investment has been jeopardised or is in peril," Chidambaram said. "India's biggest challenge now is inflation."
India is building thousands of kilometres of roads, power plants, refineries and sea ports, he said referring to investment in infrastructure. "But surely the way forward is to become an open market."
Indian Commerce and Industry Minister Kamal Nath, too, viewed infrastructure as "also a big challenge for us to keep pace with our growth."
Infrastructure is just not roads, ports and airports, but also rural roads, which connect villages, drinking water, health and access to medical facilities.
Envisaging large investment in infrastructure over the next five years, he said: "It is happening. We have to have huge investments in energy sector, ports. So that's all happening, that's on the anvil."
Asked how long controls on foreign investment would stay, Kamal Nath noted that retail is one of the very few sectors which are not open. "Rest are all absolutely open and we are taking in investments."
Obviously because of liberalisation, foreign direct investment (FDI) had grown from $2.2 billion four years ago to 25 billion this year, he said.
Asked if India could remain self-sufficient in food in view of its growing population, Kamal Nath said: "We have been self-sufficient except in edible oil and lentils, which are imported. And unless we have a monsoon failure, we don't see a problem even with these growing numbers."
Comparing India and China, the minister said: "We call ourselves the fastest growing free market economy. And there are differences in governance too." And while India's growth story is domestic market-driven, China's growth story is export market-driven.
"But China has its own genius, we have our own genius," Kamal Nath said noting the two countries have good relations even as they compete with each other.

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