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India’s Auto Industry to be a Global leader by 2012

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Aug. 18 – India’s automobile sector is the tenth largest in the world with an annual car production of approximately 2 million of the world’s 73 million. India is the largest motorcycle manufacturer and the fifth largest commercial vehicle manufacturer, Industry experts only expect these statistics to increase. A report by the Asia Economic Institute expects India’s automobile sector to become one of the global leaders by 2012.

Currently, India dedicates 75 percent of its automobile industry to small cars, more than any other country in the world. India is expected to witness more than a dozen new compact car models in the auto market in the next few years, the report continues.

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Lets Realize Our Tryst with Destiny

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Aug. 15 – "At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom. A moment comes, which comes but rarely in history, when we step out from the old to the new, when an age ends, and when the soul of a nation, long suppressed, finds utterance….. We end today a period of ill fortune, and India discovers herself again" – These were the first words India's first prime minister Pandit Jawaharlal Nehru delivered to the people of India from New Delhi's Red Fort, 61 years ago, today, on Indian Independance Day.

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Clashes in North India Affect Trade

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Aug. 14 – On the eve of the sovereign, secular, republic of India's 61st Independance day, fresh violence has broken out across the Kashmir valley.

A simmering land dispute has polarised Indian Kashmir, split between the Muslim-majority Kashmir valley and the Hindu-dominated region around Jammu city, severely curbing trade between the two areas. The unrest was triggered by a Kashmir government decision in June to donate local land to a Hindu pilgrimage trust. The violence has also fanned fears that communal tensions could spread beyond Kashmir.

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India Wins its First Individual Gold !!!

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Aug. 11 – Indian shooting champion Abhinav Bindra won India's first gold medal for the 10m air rifle competition at the Beijing Summer Olympics on Monday morning. He defeated China's Zhu Qinan, the defending Olympic champion and Finland's Henri Hakkinen, who clinched silver and bronze respectively.

This is India's first gold in 28 years, and first ever individual gold medal.

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ASEAN-India to Sign Free Trade Pact

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Aug. 11 – India's trade with Southeast Asian nations is expected to boom once India signs a free trade pact with ASEAN at the end of this year. The Southeast Asian trade body, consists of 10 member countries – Brunei, Vietnam, Cambodia, Thailand, Laos, Indonesia, Malaysia, Myanmar, Philippines and Singapore.

The deal covering billions of dollars of trade in goods, but not services, is expected to be signed during the ASEAN-India Summit in December, officials told AFP, and will come into effect by the middle of next year.

Total trade between ASEAN and India amounted to US$28.7 billion in 2006, putting India eighth on the list of the bloc's trading partners behind countries like Australia and South Korea, according to ASEAN figures.

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Strengthening bilateral ties with China

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Aug. 8 – India’s ruling Congress and the Communist Party of China (CPC) signed a pact on Thursday to put in place a mechanism that would help regular high-level exchanges between them. Signed by Chinese vice-president and standing committee member of the CPC’s politburo, Xi Jinping, and Congress general secretary Rahul Gandhi, the memorandum of understanding also provides the two parties the opportunity to consult each other on important bilateral, regional and international developments.

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Indian Politicians and Business Barons Head to the Olympics

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Aug. 7 – Indian politicians and business barons are expected to fly into Beijing today in time for the Opening ceremony of the Summer Olympics at 08-08-08-08-08-08. Amongst the politbureau, ruling party leader, Sonia Gandhi will be in Beijing with her family; son Rahul Gandhi, daughter Priyanka Vadra, son-in-law Robert Vadra and their two children. Sports minister M. S. Gill will also be present.

Business tycoon, and India's richest man, Mukesh Ambani will also be present during the opening ceremony. Flying in on his own jet, he will be arriving in Beijing with his family, wife Nita Ambani and their two children, to witness the Olympic ceremony.

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Indian Contingent Arrives in Beijing

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Aug. 6 – Indian athletes have arrived at Beijing's Olympic Games village with the first batch of shooters, boxers and swimmers, along with their coaches, arriving in Beijin on Monday.

Deputy Chef de Mission Baljit Singh Sethi told the Hindu that all nine shooters, five boxers and four swimmers have reached the village while the remaining of the 57-member contingent and its support staff of 42 will reach there in separate batches before the opening ceremony on 08-08-08.

Indian hopes are pinned on Athens Olympics Silver medalist shooter Rajyavardhan Singh Rathore and world champion Manavjit Singh who were the first Indians participants to enter the village to practise. The Indians are chiefly resting their hopes on shooters, boxers and the star tennis duo of Leander Paes and Mahesh Bhupathi for Olympic glory.

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