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Date: Wednesday 27, August 2008
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News updated daily
through The AEN News Service
which is a part of The AEN in London
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Latest Worldwide Newswatch
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In India,
Bihar reeling under devastating floods,
millions of people affected,
PM Dr. Singh to visit worst flood
affected areas
In India, reportedly Bihar reeling under devastating floods, Prime
Minister Dr. Manmohan Singh will undertake a day-long aerial survey
on Thursday of worst floods affected areas to assess the damage
caused by the floods waters of major rivers in the state, news
reports said.
Reportedly after making an aerial survey, Prime Minister Dr. Singh
is schedulled to review the relief and rescue measures launched
by the state government at a high-level meeting withsenior officials,
news reports said.
-The AENNS(27/08/08)
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Highlights
International Current Affairs
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In India,
country could have 270m
3G subscribers by 2013
In India, according to news reports, the country could be the
largest 3G market among emerging countries as 270million subscribers
are expected to use these high-wnd value aadded mobile services
in the next five years, news reports said.
Reportedly the guidelines have ben already issued 3G services
and the government hopes to roll out high-end mobile services
by December.
According to research agency, 3G subscribers would constitute
more that one third of the total wireless users in the next five
years, news reports said.
-The AENNS (26/08/08)
In Pakistan,
country's presidential polls
are going to be three-way contest
In Pakistan, the PPP filed nomination papers for 52-year-old Ashif
Ali Zardari for presidential polls. The PML-N filed nomination
papers for Saeed-uz-Zaman Siddiqui, while pro-Musharraf PML-Q
candidate Murshid Hussai Sayed also entered the fray, making it
triangular contest, news reports said.
Reportedly Nawaz Sharif, who pulled his party PML-N out of country's
coalition on Monday accusing Zardari of PPP reneging on the promise
to reinstate the judges sacked by former President Pervez Musharraf
during emergency rule last year, showed no signs of relenting.
Zardari reportedly said it was unfortunate that Sharif has refused
to travel with us in the coming journey and asked the PML-N chief
Sharif to set aside personal differences and return to the coalition
in the interest of democracy and Pakistan, news reports said.
-The AENNS (26/08/08)
In Pakistan,
country's governing coalition splits up
In Pakistan, reportedly former Prime Minister Nawaz Sharif, a
chief of PML-N party, is pulling out his party of the country's
multi - party governing coalition, news reports said.
Reportedly Mr. Sharif has been in dispute with the country's biggest
party, PPP, on the reinstatement of judges sacked by former President
Pervez Musharraf. Also, who should be the country's next president
- is not agreed, and according to news reports, Mr. Sharif's party
PML-N was putting forward a non- partisan mane forward of Supreme
Court Chief justice, Saeeduzzaman Siddiqui for the presidential
election due on September 6, and Sharif says as long as the presidency
remains a powerful post, a non-partisan candidate acceptable to
evryone rather than Ashif Zardari should have been agreed on.
However, Mr. Sharif reportedly said his party wanted to play constructive
role in opposition, indicating that he would not try to bring
down the governing government for now, news reports said.
-The AENNS (25/08/08)
In Europe,
Spain's Madrid plane crash claims
another person died bringing
death toll to 154
In Europe, Spain's Madrid plane crash at the Barajas airport claims
another person died on Saturday and claims the death toll rose
to 154, news reports said.
Reportedly one of the 19 survivors of Wednesday's plane crash
at the Barajas airport near Madrid has died on Saturday, bringing
the number of people killed in the crash to 154.
Madrid health service reportedly said that two other survivors
remain in a very serious condition, news reports said.
-The AENNS (23/08/08)
In Britain,
economic growth comes to halt
in first quarter of 2008
In Britain, according to the Office for National Statistics (ONS),
country's economy stalled, showing no growth from the first quarter
of 2008, news reports said.
Reportedly the 0% growth figure was down from an earlier estimate
of 0.2% and lower than 0.3% growth recorded in the first three
months of 2008. The figure was the weakest since 1992 and news
sent the pound lower against the dollar and euro.
The UK economy grew 1.4% from the second quarter of 2007, reportedly
revised down from an initial estimated of 1.6%.
The economy technically enters a recession when it shrinks for
two consecutive quarters, news reports said.
-The AENNS (22/08/08)
In India,
government worrying about
rising inflation
In India, reportedly the government on Friday said it was increasingly
concernd that there was no let up in inflation while blaming part
of the surge in wholesale prices on the base year effect, news
reports said.
According to statement issued by the Finance Ministry reportedly
saying wholesale Price Index continued to be a matter of concern,
and wish to place the matter in perperseptive.
The statement reportedly said the other part of problem was supply
side and noted that prices of fruits, vegetables, milk, tea etc.
are largely governed by localised supply demand factors and any
other local disruptions like rains etc., news reports said.
-The AENNS (22/08/08)
In Pakistan,
President Musharraf announcing
his resignation
President Pervez Musharraf
In Pakistan, President Pervez Musharraf has announced that he
is resigning, he went on national TV to say that while he was
confident the charges would not stand, this was not the time for
more confrontation.
Reportedly he is accused of violation of the constitution and
gross misconduct. After his announcement of resignation, reaction
in Pakistan is overwhelming one of relief that a bruising and
lengthy impeachment battle has been avoided, news reports said.
-The AENNS (18/08/08)
***********************************
A special news feature
**********************************
India
since Independence
marching on for prosperity
and world peace in this New Age
By Vallabh Kaviraj
in London
*India, the glorious ancient land with full of resources, manpower,
rich culture and a considerable wealth of all kinds, is now seen
globally as the land of opportunities for prosperity and world
peace in this New Age.
For more..Click a link A special news feature
In India,
country's 62nd I-Day is celebrated,
pointing out a concern of inflation
In India, its 62nd Independence Day celebration reportedly passed
peacefully on Friday, Prime Minister Dr. Manmohan Singh addressed
the nation from the heavily-guarded ramparts of Red Fort, pointing
out inflation is a concern, saying his government is taking determined
measures to bring them under reasonable control.
Reportedly in his 45-minute speach, turning to the challenges
posed by communalism, extremism and fundamentalism, he said politics
of consensus, not confrontaton was required and cautioned that
a divided nation cannot overcome them.
Dr. Singh pointing out that in many developing countries inflation
is double of the rate of price rise in India, saying the government
has taken special measures to insulate the poor sections of society
from the full impact of rising food and fuel prices.
At the same time, Prime Minister Dr. Singh unermined the importance
of growth for fighting poverty and employment generations.
Touching on the economic front, Dr. Singh said the RBI was moderating
the money supply growth to control inflation. However, while making
these efforts we should avoid doing anything which hurts our growth,
saying our economy must grow at the rate of at least 10 per cent
every year to get rid of poverty and generate empoyment for all,
and added saying that he had urged all Chief Ministers in the
country to improve and strengthen the Public Disrtibution System
to ensure avialability of essential commodities to the common
man at reasonable prices.
Also Dr. Singh has touched on various concerning issues and appealed
all Indian people to unite and make the country prosperous, news
reports said.
-The AENNS (16/08/08)
inflation rises up to 12.44 per cent
In India, inflation rose to 12.44 per cent as fruits prices soar
by 8.99 per cent, reportedly prompting the Finance Ministery to
express disappointment amid fears that price rise will soar to
14 per cent after implementation of 6th pay panel award, news
reports said.
Reportedly inflation rose by 0.43 per cent during the week ended
August 2 from 12.01 per cent in the previous week.
After being nearly stable for four weeks, this rise has come as
a major disappointment, reportedly the Finance Ministery said
in a statement after the release of inflation data, news reports
said.
-The AENNS (14/08/08)
In Britain,
inflation up to 4.4% in July
from 3.8% in June
In Britain, the annual rate of inflation rose to 4.4% in July
up from 3.8% in June and more than twice the government's 2% taget.
Reportedly the rise in the Consumer PricesIndex (CPI) was more
than expected with food prices up a record 13.7% on the year.
Inflation as measured by the Retail Prices Index (RPI) - often
used in pay negotiations - rose to 5% from 4.6%.
The jump in the inflation from 3.8% to 4.4% was the biggest monthly
charge in annual CPI rate since records began in January 1997.
Reportedly according to CPI, inflation is expected to rise even
higher as recent utility price rises takes effect. The IMF predicts
inflation could hit 5% in the near future.
The latest figures are set tomake next interest rate decision
by the Bank of England's Monetary Policy Committee even tougher
because of accelerating inflation and slowing economy, news reports
said.
-The AENNS (12/08/08)
In Britain,
Bank of England holds interest rate at 5%
In Britain, Bank of England has kept interest rate at 5% because
of slowing economy and spiral inflation.
Reportedly an annual consumer price inflation rising above 4%
when July's figure is published next week,and some economists
fell inflation could top 5% before the end of the year, as energy
firms raise their prices,news reports said.
-The AENNS (07/08/08)
In US,
IMF cuts its forecast for UK
economic growth
In the US, the International Monetary Fund (IMF) has cut its forecast
for UK economic growth over the next two years, and predicted
the UK would grow by 1.4% in 2008 and 1.1% in 2009, down from
the 1.8% for 2008 and 1.7% for 2009 that it predicted in July.
Reportedly it said inflation at 3.8% was higher than expected,
and inflation expectations were rising even as economic activity
was slowing, saying, it meant the Bank of England had little room
to cut rates.
It said on the budget gap, the government was likely to breach
its fiscal rules, with the budget deficit above 3.5% of GDP for
both 2008 and 2009.
The IMF reportedly pointed out that it could take years of fiscal
adjustment, with sharp spending cuts or tax rises of up to 1%
of GDP a year up to 2013, to bring the budget back into equilibrium.
The IMF's annual check of the UK economy said that the housing
market had weakened markedly, while export demand remained sudued,
and also said that second quarter growth was weak and unemployment
has edged up and it predicted inflation would ecceed the Bank's
2% target for an extended period, news reported.
-The AENNS (06/08/08)
In South Asia,
SAARC countries' leaders
at their summit in Colombo
direct to ensure food availiability
in region
In South Asia, SAARC countries' leaders at thier summit in Colombo
reportedly directed on Monday to ensure food availiability and
nutrition security in the region, saying the SAARC Food Bank be
urgently operationalised and also emphasise early drawing up of
the SAARC Agriculture perspective 2020, news reports said.
Reportedly the eight countries' leaders at their summit in Colombo
on Monday made a firm resolve by adopting collaborative projects
and strategies for food security in their countries, saying the
joint projects would lead to increase in food production, investment
in agriculture and related industries, agriculture research and
prevention of soil degradation, sharing technologies and best
practices in preocurement and distribution, and management of
climate and disease-related risks in agriculture, news reports
said.
According to news reports, SAARC countries' leaders also stressed
that the region should forge greater cooperation with the international
community to ensure food availiability and nutrition security
in South Asia, news reports said.
-The AENNS (04/08/08)
SAARC countries to jointly
battle ideologies of hatred
In South Asia, two-day SAARC summit is being held on Saturday
in Colombo, Sri Lanka. The two-day summit attended by leaders
from Sri Lanka, India, Pakistan, Bangladesh, Nepal, Bhutan, Maldives
and Afghanistan, will address the issue of terrorism.
Reportedly India's Prime Minister Dr. Manmohan Singh giving warning
that terrorism has emerged as the single biggest threat to stability
and asked SAARC countries to jointly battle the ideologies of
hatred and those seeking to destroy their social fabric, saying
terrorism continues to rear its ugly head in our region. It remains
biggest threat to our stability, Dr. Singh reportedly said while
addressing the eight SAARC Summit in Colombo on Saturday.
Dr. Singh, whose visit to the Sri Lankan capital city Colombo
comes close on the heels of serial blasts in Ahmedabad and Banglore
and attempsts in Surat, reportedly said "We must act jointly and
with determination to fight this sourge of terrorism, news reports
said.
-The AENNS(02/08/08)
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