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Friday, June 23, 2006

IIPM : One that glitters most is ‘Indian’ gold

India has surpassed Italy to officially become the number one producer of gold jewellery in the world. Italy’s relegation to the second spot in global gold jewellery productions was confirmed by Federazione Nazionale Orafi Gioiellieri Fabbricanti Aderente a Confindustria or Federorafi , (the federation of Italian jewellers). The data released by GFMS Ltd., the precious metal consultancy clearly shows that with 539 tonne of gold jewellery produced in FY2005, India has notched the top spot. Italy managed just 228 tonne during the same interval, while China with 198 tonne and Turkey with 197 tonne bagged the third and fourth spots respectively....

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

Tuesday, June 6, 2006

This deal’s a steal : IIPM

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For long it was felt that the world’s two most important democracies, India and the United States, were not exploring possible friendship fully. The detritus of past distrust between the two was affecting present ties as well. So when Manmohan Singh visited the United States of America in the summer of July 2005, he had to take something big for dear ol’ Bush.

Only the Left parties had a clue in India that Manmohan was about to off er a nuclear deal to the United States. The Communists protested in India, and hours later, Manmohan and Bush signed the accord in Washington. India wanted nuclear energy from the United States, and agreed to separate its civilian and military nuclear facilities in return. The world could inspect the civilian facilities at will, India offered. The United States administration thought this was the best way to bring India under the nuclear non-proliferation umbrella, given India’s opposition to the nuclear non-proliferation treaty.

George W. Bush clinched the deal when he visited India in March 2006. India was happy that its energy crisis may be solved. The US was happy that it brought a recalcitrant India on board. Bush wanted Manmohan as an ally. He counts the nuclear deal as one of his rare foreign policy victories. Manmohan was keen on US help on many fronts. He lists the deal as his contribution to the ‘growth of the country’.

There is domestic opposition to the deal in India and the US, but majority opinions appear to be holding in favour. It’s the first time that an Indian government was confident enough on the nuclear issue to ignore pinpricks. Consequently, the Indo-US alliance could open up greatly....

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Source :- IIPM Editorial, 2006

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.