INS ARIHANT

“India became 6^th country to launch Nucleared Powered Submarine: INS ARIHANT”

India became 6^th country to launch Nuclear power submarine today at Eastern Naval command headquarters in Vishakhapatnam.

The name of submarine is INS-ARIHANT.

ARIHANT is Hindi word which means “Destroyer of the Enemy”.

This is first indigenously designed and built nucleared powered submarine in India.

INS-ARIHANT will be operational by 2011.

Earlier this type of submarine is launched by China, Britain, Russia, USA and France.

Few Features of Submarine are:-

Built under Advance Technology Vessel project with total cost of 2.9 Billion $.

5000 tones in weight, 100 mts length submarine.

12 K15 ballistic missiles named SAGARIKA with range of 750 kms.

80 MW Nuclear reactors which is Pressurized Water Reactor (PWR).

Can attend 22 Knots speed.

Can target on sky, space and deep into the water.

Can stay underwater for month.

Can fire under icecap.

This project was jointly developed by Indian Navy and DRDO.

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Non Aligned Movement: NAM

• President Hosni Mubarak has taken over as chairman of NAM from Cuba's President Raul Castro.
• NAM foudning fathers were India's Prime minister Jawahar Lal Nehru, Yoguslavian President Tito and Egypt President Naseer.
• Founded in April 1955 in Asia-Africa Confrence in Bandung-Indonesia and First NAM confrence held in 1961 in Cairo Egypt.
• Relations between countries are governed by some rules which are now main goals and objectives of NAM, popularly known as "Ten principles of Bandung".

THE TEN PRINCIPLES OF BANDUNG
1. Respect of fundamental human rights and of the objectives and principles of the Charter of the United Nations.
2. Respect of the sovereignty and territorial integrity of all nations.
3. Recognition of the equality among all races and of the equality among all nations, both large and small.
4. Non-intervention or non-interference into the internal affairs of another country.
5. Respect of the right of every nation to defend itself, either individually or collectively, in conformity with the Charter of the United Nations.
6.

A. Non-use of collective defense pacts to benefit the specific interests of any of the great powers.
B. Non-use of pressures by any country against other countries.
7. Refraining from carrying out or threatening to carry out aggression, or from using force against the territorial integrity or political independence of any country.
8. Peaceful solution of all international conflicts in conformity with the Charter of the United Nations.
9. Promotion of mutual interests and of cooperation.
10. Respect of justice and of international obligations.

(More information will be available in future posts)

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G20:An Introduction

GROUP OF Twenty Finance Ministers and Central Bank Governors 
ESTABLISHED DATE: 
December 15-16, 1999 at Berlin, Inaugural meeting is hosted by German and Canadian finance ministers.
WHY G-20 CAME INTO EXISTENCE:
Came into existence following the financial crises of 1990s in emergent market economies (EMEs).
 Emerging economies were not presented popularly in  Global economic discussions and Goivernance.
MEMBERS: 
There are 20 members of the G-20. These include the finance ministers and central bank governors of 19 countries.
Argentina 
Australia 
Brazil 
Canada 
China 
France 
Germany 
India 
Indonesia 
Italy 
Japan 
Mexico 
Russia 
Saudi Arabia 
South Africa 
South Korea 
Turkey 
United Kingdom 
United States of America 
20th member of G-20 is European Union, which is represented by the rotating Council presidency and the European Central Bank.
 
OTHER BODIES PARTICIPATION IN G-20 MEET:
The European Central Bank 
The Managing Director of the International Monetary Fund. 
The Chairman of the IMFC 
The President of the World Bank 
The Chairman of the Development Committee 
 
MAIN FOCUS:
Development of the global economic and financial system. 
Reducing abuse of the financial system. 
Dealing with financial crisis. 
Reform of the international financial architecture
 
Chairs:
Canada  (1999-2001) 
India (2002) 
Mexico (2003) 
Germany (2004) 
China(2005) 
Australia (2006) 
South Africa (2007) 
Brazil (2008) 
United Kingdom(2009)
In 2010 it will be South Korea.

Canada’s Minister of Finance, Paul Martin, is the acting chairman of the G20 (as on July 2009). 

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100 mts in less than 52 seconds for first time

Aaron Peirsol has swim 100 mts in 51.94 secs which is record time in world.

Earlier record of Peirsol (52.54 secs) was broken by Spain's Aschwin Wildeboer Faber (52.38 secs) which Peirsol has set during Beijing olympics.
Now he reclaimed it again by this effort.

After achieving the feet he said

"I feel like if I would have worn another suit, I probably would have broken the world record anyway tonight by the way I was feeling, That's one race that's coming a little easier for me, and tonight I just felt really good."

This is sixth time in his career he has broken the world record. He said

"The consistency is the thing I've always held myself high on," 

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Prime Minister of India

Dr. Manmohan Singh
·     Born on 26 September, 1932, in Punjab province of undivided India.
·     14th Prime minister of India.
·     First person of Sikh faith to hold the office
·     Completed his  education  from reputed universities like Cambridge and Oxford.
·     Master degree in Economics in 1957, D. Phil in Economics from Nuffield College at Oxford University in 1962.
·     Joined Government of India as Economic Advisor in the Commerce Ministry in 1971, appointed as Chief Economic Advisor in the Ministry of Finance in 1972.
·     Governor of Reserve Bank of India from 1982 to 1985.
·     Deputy Chairman of the Planning Commission of India from 1985 to 1987.
·     Served as India’s finance minister from 1991 to 1996.
·     Appointed as the prime minister on May 22, 2004
·     Chairperson of  Planning Commission of India from 2004 to till now.
·     Minister  of  External affair of India  from 2005 to 2006
·     Minister of finance of  India from 2008 to 2009.
·     Reappointed as the Prime Minister of India on May 22, 2009 for 2nd consecutive term.
·     Author of "India's Export Trends and Prospects for Self-Sustained Growth" Clarendon Press, Oxford University, 1964
·     Also published a large number of articles in various economic journals
·     Awarded as the  Padma Vibhushan in 1987,
·     Euro Money Award for Finance Minister in 1993,
·     Asia Money Award for Finance Minister of the Year  ( 1993 and 1994),
·     Jawaharlal Nehru Birth Centenary Award of the Indian Science Congress in 1995.
·     He is known for his economic reforms he initiated during his stint as Finance Minister in 1991.

 (Know More about PM...click here)

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IAEA chief successor announced

Mr. Yukiya Amano from Japan will succeed Mohd. ElBaradei as Director General of IAEA when Mohd. ElBaradei will step down in November.
Mr. Yukiya got 23 votes out of 35 in favor and secured 2/3rd majority. The other candidates were Abdul Samad Minty of South Africa and Luis Echavarri of Spain.
He became 5th Director General of IAEA since its inception.
He has extensive record of working on non proliferation and disarmament.
He is currently in IAEA board of Governors and ambassador to International Organizations in Vienna from Japan.

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RAILWAY BUDGET: 2009

15^th Railway Budget: Highlights

Mamata Banarjee Railway Minister today presented 15^th Railway budget. She emphasizes on development of common man and should not be restricted for few.

The highlights of Budget are as follows:-

• Good Quality food, adequate water, cleanliness, punctuality of train timings.
• “JANTA KHANA” to ensure regional and national cuisines.
• 50 Railway stations to be made World Class with all type of facilities.
• 309 stations from 375 are identified and will be updated.
• At least one doctor on all long distance trains.
• On Board Infotainment services on Rajdhani, Shatabdi long distance trains.
• AC coaches for carrying Fruits, Vegetables.
• SMS updates to be provided for waitlisted tickets.
• 5000 Post offices across the country will be selling railway tickets under “MAA, MAATI, MAANUSH” scheme.
• AC double decker coaches for Inter city travel.
• For security commandos to be deployed, woman commandos also included for woman passengers.
• MP’s to identify one location of their choice for computerized reservation center.
• Mobile ticketing.(Vans will be selling the tickets) called “MUSHKIL AASAN”
• Toilets quality to be upgraded and made same as in Airplanes.
• Railways land bank to be used for industrialization.
• “IJJAT” new scheme is announced in which 25 Rs monthly tickets will be available for poor for 100 km travel whom monthly income is less than or equal to Rs 1500/-.
• Press correspondent’s concessions to be increased from 30% to 50% and permission to take their spouse along with them once in a year.
• 1000 MW power plant at Lalgarh and New Rail coach factory at Kanchrapara-Halisahar to be set up.
• Ladies specials during peak hours.
• Under “DURONTO” scheme non-stop trains to be started, running point to point.
• For all students concessions of 60%.
• No fare or freight charges increase.
• Tatkal tickets can be booked now 2 days before instead of 3 days and charges are decreased from Rs 150 to Rs 100.
• YUVA trains to be introduced from rural areas to Metro.
• Group ‘D’ railway employees to get scholarship for their Girl child.
• Innovative financing mechanism with public-private partnership.

Speaking to media Prime Minister termed this budget as excellent and which take care of all the sections of people specially poor’s. He complemented Railway minister for the competent job she has done in short time.

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