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Showing posts from October 2, 2011

Karzai's visit to India from Tuesday

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Afghanistan, India  to strengthen ties on strategic partnership
Afghanistan and India are set to further stregthen their strategic partnership and take stock of the situation in the region during the two day visit of Afghan President Hamid Karzai's visit to India from Tuesday. Mr.Karzai will hold comprehensive talks with Prime Minister Manmohan Singh on the fragile security situation in that country. The visit comes just days after the assassination of Burhanuddin Rabbani, a former president who was heading the Afghan High Peace Council shepherding talks with the Taliban. An External Affairs Ministry said that is the second visit of Karzai this year. Dr.Singh is also hosting a dinner for the Afghanistan President, who is expected to brief the Prime Minister on his revised strategy for reconciliation with the Taliban in the backdrop of Rabbani's killing. Afghan officials say they have strong evidence that the assassination of Rabbani was organised by the Taliban lea…

MOIL Earned Rs. 93.30 Crores Profit during FirstQtr

MOIL Earned Rs. 93.30 Crores Profit during Q-1 MOIL earned Rs. 93.30 crores Profit After Tax during Q-1, 2011-12. Talking to media here today after reviewing the performance of MOIL, a Miniratna Category – I PSU (formerly known as Manganese Ore (India) Limited) under the Ministry of Steel, Shri Beni Prasad Verma, Minister of Steel said, the company earned more profit i.e. to the tune of Rs. 182.47 crores during Q-1, 2010-11. He expressed hope that the less profit will be covered during the Q2 period during this year.

Shri Verma observed that although performance of MOIL has improved in 2010-11 against that of 2009-10. But, the performance during Q-1 of 2011-12 has dipped as compared to Q-1 of 2010-11.During the first quarter of 2011-12 (April – June, 2011), the production of manganese ore was 2.39 lakh tonnes as compared to 2.77 lakh tonnes in the corresponding period of 2010-11. Also, Turnover during Q-1, 2011-12 was Rs. 211.21 crores against Rs. 349.18 crores in Q-1, 20…

Palestine to back bid for UN recognition of statehood

Palestinian leadership has announced that it will intensify its internal and foreign movements to back their bid for UN recognition of statehood with 1967 borders. A senior Palestinian official today said President Mahmoud Abbas had already begun these steps and said Abbas will start an international tour this week for earning the largest support for the bid.

Official said Abbas met with various Arab and foreign diplomats at his office in the West Bank city of Ramallah yesterday and discussed with them his upcoming steps to earn the enough support for passing the bid. The bid for a statehood, submitted to the UN last week, was debated by the Security Council, then it was moved to a membership committee to prepare it for voting. The Palestinians believe now they have eight out of 15 Security Council members who will vote for the bid. However, the they would need at least nine votes in the council, to oblige Washington to veto the bid in order to prevent th…