Brahmos,UNHRC,Economy&Drug_Cartel

Dear all,
Welcome.

Brahmos(Submarine version): India had successfully tested Brahmos Supersonic Cruise missile from Submarine located at the Bay of Bengal. It is to note that it's striking range is upto 290 kms. It had been tested under water from a special Pantoon.
As per Indo-Russian Joint Venture company's Director, it is the first such tests in the entire world. Already, the missile is tested & inducted by Indian Navy & Indian Army. It is also to note that during past week, India was unable to successully test a subsonic missile from ITR, Odisha. The Defence
Minister had greeted all DRDO Officials, Russian Specialist, & project related officials for its successful testing.

UNHRC: The USA would bring a proposal regarding alleged violation of Human rights in Sri Lanka during Civil War. The Finance Minister had told that UPA govt. would bring proposal for amendments in it hitherto. Now, West Bengal CM, Mamata, had told that it would support UPA govt.'s amendments in this regard. It had been a policy of Trinamool Congress.

Indian Economy: RBI had stated that control of Current Account Deficit (CAD) & Fiscal deficit necessitates compulsory increase in investment. During it's mid term quarterly review on 19, it had stated that the
development rate of 4.5% during this Q3 had been all-time lower during past 15 quarters. This had limited the possibility of reducing interest rates any further more.
RBI Director had cited various reasons for sluggishness in economy. He told that slackness in service sector is the biggest cause of concern. The economic growth rate is the slowest during past decade. However, January's Industrial Production had made it towards positive. But mining activities have shrunken. In February, the Composite Purchasing Manager Index had indicated about service sector sluggishness. In Agriculture, the Kharif crops produce is presumed to be lower. The WPI had been 6.6% & 6.8% during this year Jan & Feb. respectively. On the other hand, retail price hike had been around 10.9%.
In such a scenario, reduction in interest rates are limited possibilities. RBI would have to keep eye on deficit & changes made in this regard.

Drug Cartel: Indian Pharmaceutical companies have claimed that the Western drug companies had unlawfully charged Indian Pharma companies so that the mission to provide cheap medicines could be averted. The Minister for Commerce told that since Indian Pharma companies provide cheaper generic medicines for treatment of malaria, they are being accused. It is to note that Indian generic medicines had changed the scenario of World Health sector business.
Speaking at a ninth CII-Exim conference on Indo-African Project Partnership, CII Director had stated that India had always shown interest in Africa's prosperity. Some Indian products had changed the scenario of African society. Indian Pharma companies had supplied Anti-Retro viral (ARV) for fight against AIDS there. Despite all this, the regulators had attacked, noticably from Ghana & Nigeria, that Indian pharma cos. had filled the market with fake drugs. During past week, Chinese officials had met FDA officials & discussed upon the issue of import of fake medicines.

With regards,

M.K.Pachraiya