A load of crap from an idle brain

Time changes, people change, economies change and the powers wielded by countries change.  There was a time when Britain ruled half the world, today its nowhere.  There was a time when the US was the undisputed economic champion, today that aura is on the wane.

Its in these changing times we wonder if a group that consists of countries like Italy, Canada etc wield any power when the world is going throught the worst recession (courtesy the developed countries).  Of course the US, Japan and Germany are also a part of the G-7 group of countries, but do they really have any clout?  The G-7 as usual came out with a statement asking China to re-value it currency and hardly anyone cared a hoot.

After decades in charge, the club of rich, industrialised nations is fast losing sway as a share of global economic power shifts towards big developing countries. That was a lesson of the Group of Seven’s meeting in Istanbul at the weekend, when the absence of China showed the G7 could no longer tackle the world’s economic problems on its own.

Finance ministers and central bank chiefs from the G7 implored China in a diplomatically worded statement to let the Chinese currency rise, as they have done for several years. But China showed no sign of complying, and the G7 spent much of its time to discussing whether it should meet less often, with less pomp and perhaps with fewer public statements.

G7 statements have all too often “interested nobody because there’s no follow-up most of the time”, said Dominique Strauss-Kahn, the head of the International Monetary Fund.

Read the full article here

The G-7 or the group of Industrialized countries comprise

Canada, France, Germany, Italy, Japan, United Kingdom, United States

The G-20 comprises of

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa,  South Korea, Turkey, United Kingdom, United States, European Union

A G-7 official hit the nail on the head when he mentioned

“The moment you have to tell people you are still relevant, it’s because you are not relevant,”

Above picture source: Astrocrush

+++

Other countries are taking benefits of all the hardwork done by the Bush government in signing the nuclear deal with India.  After US, France, Russia, Kazhakstan, Namibia, its the turn of Mongolia to sign the nuclear deal with India.

More deals with countries would mean that India wouldnt need to depend on a select group of countries for its demand of uranium to power its energy sector.

India on Monday signed a civil nuclear pact with uranium-rich Mongolia that will help it source uranium for its power plants.

According to a joint declaration signed by the two countries, participation of Indian companies through joint ventures and investments in the mining sector in Mongolia is on the cards. “A delegation from India has been invited to Mongolia to discuss the prospects for such a cooperation,” the declaration said.

Mongolia is the sixth country with which India signed the civil nuclear pact after the 45-nation Nuclear Suppliers’ Group lifted a 34-year-old ban that had prevented it from trade in the field with the international community. India has earlier signed such agreements with US, France, Russia, Kazakhstan and Namibia.

The agreement — a memorandum of understanding on cooperation in the field of peaceful use of radioactive minerals and nuclear energy — was signed between officials of Department of Atomic energy from both sides in the presence of Prime Minister Manmohan Singh and Mongolian President Tsakhiagiin Elbegdorj at Hyderabad House.

Four other agreements that were signed between the two countries dealt with loan assistance, health and medical science, cultural exchange programme and cooperation statistical matters.

“We have decided to update our bilateral ties to the level of a ‘Comprehensive Partnership’,” Singh said.

India has also agreed to provide Mongolia a soft loan of $ 25 million to help it stabilise its economy in the wake of the financial crisis. In the area of human resource development and capacity building, India will double the number of annual slots for Mongolia under its Indian Technical and Economic Cooperation programme from 60 to 120.

“I have assured the President of our readiness to assist Mongolia in the field of education, particularly in the teaching of English language, and information technology. We will assist Mongolia in the establishment of an Information Technology Centre,” the PM said. While describing the conversations with the Mongolian President as “extremely productive”, the PM said relations with Mongolia are an important pillar of our policy in the Asia-Pacific region.

The declaration also said that development of defence exchanges and cooperation on the basis of the Agreement on Cooperation in Defence Matters signed in 2001 will continue. “The fifth joint military exercise will be held in Mongolia later this month. The third meeting of the Joint Working Group on Defence Cooperation will be held in Ulaanbaatar at a mutually convenient time in 2010,” it said.

Picture source: EFTrends

News source: IndianExpress

+++

In the IPL and cricket mania, its very difficult to find more information about such a sport.  A stupendous effort by the players inspite of the fact that their effort gets no recognition in the Indian press.

Jayanta Talukdar clinched the men’s individual recurve gold and helped India win the team event in the Archery World Cup Stage 2 at Porec, Croatia, on Saturday.

Talukdar upset Athens Olympicgold medallist Marco Galiazzo of Italy 110-108 in the final to clinch his second gold. Earlier, the trio of Talukdar, Rahul Banerjee and Mangal Singh Champia won India the men’s recurve team gold.

Jayanta Talukdar

This was the trio’s second consecutive team gold after bagging the first at Santo Domingo World Cup Stage 1 on April 5. India had beaten Great Britain in Stage 1 final.The trio had bagged India the first team gold in World Cup series winning at Antalya (Turkey) in 2008. This was followed by two more already this year.

Talukdar also won his third head-to-head contest against the Italian Galiazzo, all played at Porec. He first tamed Galiazzo in 2006 on way to the gold medal, and again beat him in 2008 and now in the final today. Talukdar held the lead in the first two ends of three arrows each at 55-52. He surprisingly conceded two points in the third end to allow the Italian to narrow the gap to 81-82.

Mangal Singh Champia

When Galiazzo hit an eight with his second arrow of the final end of the three arrows, the Indian needed a nine to win. Talukdar hit a 10 to take the second crown in Porec. The women’s recurve team, however, failed to clinch the bronze medal losing the play-off to Ukraine 197-212.

In the men’s team summit clash, Russia trailed by one point (54-55) in the first end, recovered in the second end to tie the match at 108 points at halfway mark. However, India took the lead in the third end at 164-162. Russia showed their best in the last end, but it was not enough to beat the Indians.

Rahul Banerjee

In the women’s third place play-off, it was pretty good performance in dusty conditions as Indian eves took 53-49 lead in the first end. They, however, could not overcome the windy conditions as they did in the first end and went on a wayward shooting, 7-9-8-8-9-6, all on the right side of the target.

The Ukrainians tied the match at 100 points and took the lead in the third end at 154-150. The last end for India was stressful as the last arrow slipped from the arrow rest as Ukraine eves settled the issue. Archery Association of India president VK Malhotra and secretary general Paresh Nath Mukherjee congratulated the winners.

Article courtesy: Rediff and pictures source: Hindu, Tata Steel & NDTV

+++

From left Parvathy Omanakuttan of India (1st runner up), Kseniya Sukhinova of Russia (Miss World 2008), Gabrielle Walcott of Trinidad and Tobago (2nd runner up).

Above picture courtesy: IBNLive

+++

Russia on Friday became the third country after the US and France to sign a civilian nuclear cooperation agreement with India since this country acquired the waiver from the Nuclear Suppliers Group (NSG). The agreement was signed in the presence of President Dmitry Medvedev and PM Manmohan Singh.

In the initial stages, Russia will help India build two additional nuclear power plants at Kundakulum. Even before the NSG waiver, Russia was helping India build two 1,000 MW nuclear power plants at the same site. The Russians, however, had to wait for the NSG waiver to India for a more more focused nuclear cooperation. More such power plants of Russian design, according to the two sides, will come up at other places in the country. The location for at least two more nuclear power plants is being finalised.

The modalities of the agreement had been thrashed out in November 2007 during Singh’s visit to Moscow but India refrained from signing it citing the need for a clearance from the NSG.

The two sides also signed agreements in other fields like defence, space, trade and commerce.

Full article here

+++