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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

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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

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French President Nicolas Sarkozy believes that Burqa (the veil worn by muslim women worldwide) “is not a symbol of religion, but a sign of subservience for women“.

Iam a great believer in democracy and freedom of choice.  If a woman wants to wear a burqa, she should be free to wear it and if she doesn’t want to, she shouldn’t be forced to,  even though her religion or elders in her family / society want her to wear it.

But then, how do you decide if the woman who has been indoctrinated all her life that the burqa is essential for her to project her religious identity wears the same even after she grows up?

Was reading the debate in CNN-IBN where Asaduddin Owaisi, the leader of MIM party of Hyderabad, India defended the burqa on the same lines as the Christian nuns who cover their heads and the Jewish men who wear a skull cap.

Most importantly, what i simply cant understand is to why only women have to wear it?  Why dont the men also wear the burqa if indeed the women are forced to wear it to protect their modesty?  Do men have no modesty? Or is it that the woman’s modesty is more precious that the man’s?  If yes, who decided that?

What do you think?  Do you agree with Sarkozy’s comment that “women behind the burqa are cut off from social life and deprived of identity?”

PS: Comment moderation has been enabled as there is a chance of this discussion going out of hand.  If all that you want to comment is something hateful, you may as well forget it as i will never approve that comment.  Put your point forth sensibly and it will be posted.

Above picture courtesy: The Muslim Woman

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Sania Mirza and Mahesh Bhupathi won the mixed doubles title at the Australian Open, beating Nathalie Dechy (France) and Andy Ram (Israel) 6-3, 6-1 in the final in Melbourne on Sunday afternoon. The ace Indian pair thus made up for the disappointment of last year when they were beaten by Tiantian Sun and Nenad Zimonjic in the final.

While Sania picked her maiden Grand slam title in the process, Bhupathi swelled his Grand Slam title collection in mixed doubles to seven. Before Sunday’s triumph he won six mixed doubles crowns with different partners, the last also at the Australian Open in 2006 when he had partnered Swiss Martina Hingis.

Sania and Bhupathi had an easier time than they may have expected. Ram was broken in the opening game and from then on there was nothing the French-Israeli pair could do to stop the Indians. Two more breaks, in the seventh and ninth games, and Sania and Bhupathi had the first set in their bag in 28 minutes.

The second set too was one-sided. Bhupathi kicked it off, winning at love. Then a break on Dechy’s serve put the Indians high in the saddle at 3-1. Another break off Ram’s serve and the Indians were cruising at 5-1. Sania completed the formalities by serving out the seventh game for the set and match in 54 minutes.

On Saturday, Bhupathi and his Bahamian partner Mark Knowles squandered a one-set lead and went down to Bob and Mike Bryan in the men’s doubles final.

Above picture from: Australian Open & news from Rediff

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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

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