IAAF plans to cut $20 million in expenses

The IAAF plans to cut more than $20 million in expenses the next three years, including $4 million in 2010, to weather the global financial crisis, a senior athletics source said on Friday.

Cuts would come from all areas of the International Association of Athletics Federations (IAAF) with the organisation also hoping to benefit from an improved exchange rate between the dollar and the euro.

The IAAF’s executive board heard the proposals at a meeting in Monaco on Friday. The recommendations must be approved by the IAAF Council at its next session in Kiev in August.

The proposals and more than $35 million in Olympic revenue sharing from the 2012 Games would help the organisation achieve balanced income/expenditure for 2010-12 while maintaining a capital reserve of at last one year’s operating budget, the source said.

Income for the period will be approximately $204 million with expenditures of about $203 million.

The organisation had expenses of $65 million in 2009 and had proposed spending $56 million this year before the cuts, the senior official said.

Britain’s Daily Mail newspaper reported in March the IAAF faced bankruptcy unless it cut costs and several European officials also have expressed concerns about the governing body.

IAAF officials denied the report.

Television and marketing revenues for the organisation have been hard hit, the Daily Mail said. Key networks such as the BBC in Britain and ZDF in Germany did not televise the world indoor championships in March, saying the IAAF was asking too much, the newspaper said.

But the IAAF said it expected to add new television revenue and to sign a significant title sponsor for the Diamond League circuit.

“The (global) crisis is making everything difficult and affects everyone,” IAAF president Lamine Diack told a news conference in Doha earlier this month. “The dollar euro exchange has not been kind for operational costs and we have not been earning as much money on our reserves because the interest rates are so low.”

He said the organisation had $79 million in reserves at the time, which represented close to two years’ operating expenses.

(Reporting by Gene Cherry in Raleigh, North Carolina; editing by Pritha Sarkar; To query or comment on this story email sportsfeedback@thomsonreuters.com)

Bekele, Richards-Ross to miss Diamond League opener

World champions Kenenisa Bekele and Sanya Richards-Ross will miss the Diamond League’s opening meeting in Doha on May 14 due to injuries, the IAAF said on Friday.

Bekele, an Olympic champion and world record holder in the 5,000 and 10,000 metres, has been nursing a calf injury. The Ethiopian had been scheduled to run the 5,000 metres event in Doha.

American Richards-Ross, the world 400 metres champion, has been slowed by a quadriceps injury.

Both runners are expected to make a full recovery and return to competition soon, the International Association of Athletics Federations (IAAF) said in a release.

(Reporting by Gene Cherry in Raleigh, North Carolina; Editing by Steve Ginsburg; To query or comment on this story email sportsfeedback@thomsonreuters.com)

Watt looking forward to Gift

Mitchell Watt is eager to find out just how fast he can run at this weekend’s Stawell Gift athletics meet.

On the available evidence, the answer is very fast indeed for the Queenslander, who won bronze in the long jump at last year’s world championships.

In a rare outing over 100m on the Gold Coast last year, Watt clocked a slick 10.37 seconds using a borrowed set of starting blocks and wearing long jump spikes.

That effort was enough for the Victorian Athletic League handicappers to give him a tough mark of 2.5m for his debut appearance in the 129th edition of the Stawell Gift.

“I think I can go quicker than that,” Watt said.

“I want to do some more 100s this season just to get a bit of a grasp on how much I have improved.

“And I’m just excited about racing in the Gift.

“It’s a nice change of pace from the long jump, so I’ll be a bit less nervous than usual.”

With Australia’s leading 100m sprinters Patrick Johnson, Aaron Rouge-Serret and Matt Davies all absent, much of the interest in Stawell will be on the performances of Watt and world and Olympic pole vault champion Steve Hooker.

The pair were room-mates at the world indoor championships a couple of weeks ago in Doha and have been indulging in some good-natured ribbing ahead of their Gift debuts.

“We’ve been having a go at each other ever since,” Watt said.

“Steve called me the other day and tried to tell me he wasn’t feeling all that good.

“But it’ll be fun and I hope we both make it to the final.”

Hooker will race off a mark of 5.5m, with Bola Lawal the backmarker off 0.5m in the 120m handicap event.

Watt has had to scale back his training in the last six weeks because of a groin complaint, but has been assured by his doctor and physio that it will not affect his sprinting.

Coach Gary Bourne said the 22-year-old Watt was looking forward to having a crack at the specialist sprinters.

“I’ve done some hand-timing of Mitch in training, but often you’re standing at the end of the track in the evening,” said Bourne.

“I’m not prepared to say if those times I’m getting are spot on.

“But he looks pretty good.”

Retired Australian long jumper David Culbert – himself a former Gift semi-finalist – said Watt’s run of 10.37 last year made him Australia’s fastest-ever long jumper, surpassing Olympic silver medallists Gary Honey and Jai Taurima.

Despite spending most of his life in Queensland, Watt was born in Ballarat – about an hour down the highway from Stawell.

And he still has a lot of relatives living in the area, meaning he will enjoy plenty of support at Central Park.

The heats of the Gift are on Saturday, with the semi-finals and final on Easter Monday.

- AAP

Kate Moss set for acting debut

London, March 29 (ANI): Supermodel Kate Moss is reportedly set to make her stage debut in ‘The Tempest’.

The 36-year-old catwalk queen is said to have landed a minor role as a nymph in an upcoming version of Shakespeare”s play.

Moss was reportedly roped in following a series of meetings and phone calls with Kevin Spacey who is overseeing the production as part of the Bridge project at London”s Old Vic.

“Kate has had several acting lessons and is keen to broaden her horizons. She and Kevin go back a long way and they met up again last week at the W Doha bash at Chinawhite, where her part was confirmed. It”s only a small part but Kate hopes it could be her big break,” the Mirror quoted a source as saying. (ANI)

Biggest threat to wildlife: the internet

Some of the world’s leading animal conservation advocates say the world wide web has emerged as one of the biggest threats to endangered wildlife.

From the relative anonymity of an office or lounge room, the modern day poacher can now buy anything from lion cubs to ivory, all with just the click of a mouse.

Ernie Cooper, who works with Traffic in Vancouver, the wildlife trade monitoring agency, says the the black and brown salamander with white spots is just one example of a species that has been driven to near extinction by e-commerce.

“They’re very beautiful. They’re very rare and they tend to command high prices,” he said.

The kaiser’s spotted newt is also prized merchandise in the pet trade.

“There was one company in the Ukraine that was illegally bringing adult kaiser’s spotted newts out of Iran, marketing them on the internet for a rather large amount of money,” Mr Cooper said.

“There’s no way that company could have made those sales or created that trade if it had dealers just locally.”

That one business in the Ukraine claims to have sold more than 200 of the amphibians in a year.

A study by Traffic found it was one of just 10 websites selling the spotted newt, despite estimates that there are only about 1,000 of them left around four streams in the mountains of Iran.

In a vote in Doha at the weekend, representatives from among 175 countries placed the kaiser’s spotted newt on the list of species protected under the Convention on International Trade in Endangered Species or CITES.

“What that means is there is no legal, commercial trade in that species,” Mr Cooper said.

“That has effectively shut down the trade in and market for kaiser’s spotted newts.”

Already the countries that have signed up to CITES have voted not to ban the export of atlantic bluefin tuna and not to restrict the trade of red and pink coral.

They will shortly consider competing proposals to either extend the ban on the ivory trade, or to lift some of the restrictions.

But it is the role of the internet in helping traders get around the bans that is a cause for concern among animal conservationists attending the talks.

Paul Todd, a campaign manager for the International Fund for Animal Welfare, says internet sales are difficult to track.

“The transactions kind of come and go and take place before anybody really even knows it, leaving it to the post office to be enforcing this global regime of trade regulation,” he said.

“We tracked over 7,000 individual listings and communiques and advertisements for what they call Appendix 1 species, species that are offered the most protection by the CITES treaty. Over 80 per cent of that, as we kind of expected, was elephant ivory, and most of the rest of it was exotic birds, parrots and macaws.”

Mr Todd says consumers may be unaware they are purchasing illegal products.

“These are only partially illegal species. Once it goes online, the average buyer has no way of knowing for sure if that ivory is truly legal or if that bird wasn’t wild caught,” he said.

Activists acknowledge that problems with jurisdiction make it difficult to catch dodgy traders online, but nevertheless they say existing online supervision is woefully inadequate.

Ernie Cooper says it is time for governments around the world to make the most of the internet’s capabilities.

“It makes it much easier to research these sort of issues. With the kaiser’s spotted newt, we did the entire study from sitting at our computers in Vancouver,” he said.

“That’s the good side. That’s the other power of the internet. So it’s a double-edged sword.”

Bluefin tuna trade ban blocked

Japan has sunk a proposal at a United Nations meeting in Qatar to ban the export on Atlantic bluefin tuna.

Delegates had been meeting in Doha for the Convention on International Trade in Endangered Species (CITES).

Conservationists were pushing for a ban on cross border trade in Atlantic bluefin tuna, arguing that fish stocks had fallen by 75 per cent because of overfishing in the Mediterranean and eastern Atlantic.

Japan, which consumes about three quarters of all bluefin in the world, lobbied aggressively against the ban and announced before the vote it had the support of China and South Korea.

“I am happy. We are satisfied with the result,” said Masonori Miyahara, the head of Japan’s delegation and the country’s top fisheries official.

A single 220-kilogram fish can fetch more than $160,000 at auction in Japan, where it is highly prized as an ingredient for sushi and sashimi.

But the European Commission warned that rejecting the ban threatened the species with extinction.

“If action is not taken, there is a very serious danger that the bluefin will no longer exist,” said the EU’s environmental commissioner Janez Potoznik in Brussels.

The proposal needed the support of two thirds of all nations present to pass. Instead, 68 nations voted against, 20 were in favour and 30 abstained.

The Australian Government announced earlier this week it would not vote for the global ban, but would support stronger trade control measures.

Late last year, Australia agreed to cut its southern bluefin tuna catch by 30 per cent, following a major international agreement.

Environmental groups have slammed the vote, saying it now sets the fish on a path to extinction.

Greenpeace condemned Australia and other countries for their failure to stop the export.

Greenpeace spokesman Genevieve Quirk says she is disgusted with the decision.

“The abject failure of governments to protect northern bluefin tuna spells disaster for its future and sets this species on a pathway to extinction,” she said.

Anticipating a possible defeat at the Doha meeting, Monaco was set to table amendments to its proposal, while Europe – backed by Norway – was poised to call for the formation of a working group to hammer out a compromise.

But in a procedural move, Libya short-circuited the debate and called for an up-or-down vote on the original proposition, which was then defeated.

- ABC/AFP

Japan accused of scare tactics at tuna talks

Japan was accused of scare tactics at world talks on wildlife protection on Monday as it campaigned against a proposal to curb trade in bluefin tuna, the succulent sushi delicacy.

The 175-nation Convention on International Trade in Endangered Species (CITES), meeting in Doha until next week, is gearing up to vote on banning trade in bluefin tuna from the Mediterranean and eastern Atlantic, a motion that requires a two-thirds majority to pass.

“It is very much up in the air. There’s a lot of jockeying,” said Patrick Van Klaveren of Monaco, which is leading the charge.

“Japan’s lobbying is formidable. Three or four people from the Japanese delegation are constantly criss-crossing the convention, arranging meetings.

“They are targeting developing countries, scaring them about what could happen to their [own tuna] stocks, along the lines of ‘your turn will come’.”

Monaco’s proposal, backed by the US and the European Union, would not affect bluefin tuna caught in the Pacific.

Even so, “the Pacific island nations and Asia are also quite sensitive” to Japan’s arguments, Mr Van Klaveren added.

Tunisia, with major bluefin fisheries in the Mediterranean, is also working the halls hoping to muster the support of Arab nations against the proposal, he said.

Mr Van Klaveren voiced regret that the EU had not taken a stronger stand.

The 27-nation bloc last week came out in favour of the ban amid mounting evidence that stocks of the precious species had crashed over the past 30 years.

But it has asked for implementation to be postponed until a November meeting of ICAAT, the inter-governmental fishery group that manages tuna stocks in the Atlantic and adjacent seas.

- AFP

Hooker vaults into world indoor final

World and Olympic champion Steve Hooker needed only one jump to cruise into the pole vault final at the world indoor athletic championships in Qatar.

Fellow Australian Scott Martin qualified for the shot put final, while compatriot Petrina Price bowed out in the first round of the women’s high jump.

Hooker cleared 5.60 metres on his first attempt to make the nine-man final, which will commence at 12.15am (AEDT) on Sunday in Doha.

Aiding the Western Australian’s cause as he chases the only major gold medal missing from his collection, European indoor champion Renaud Lavillenie missed the final after bombing on all three attempts at 5.60m.

“It was a hard morning,” Hooker said.

“We got here at 6.15am and qualifying finished at 12.20pm.

“Now I need to get some rest and prepare for tomorrow’s final. I know what I must do.

“It was a shock that Lavillenie didn’t make it through but it will be a very competitive final.”

Martin left it late before turning in a season’s best throw of 20.61m to advance to the shot put final.

“My first round was terrible, 19.51m,” he said.

“It felt technically good but it just came out soft. I had to harden up.

“I knew I had to improve on the final throw.”

American Christian Cantwell qualified on his first attempt in the shot put with a throw of 20.72m.

The outdoor world champion is looking for his third world indoor title.

In other events, Croatia’s defending indoor high jump world champion Blanka Vlasic was flawless in qualifying for the final.

Vlasic cleared all heights up to 1.92m to reach the final, as did Ruth Beitia of Spain and Marina Aitova of Kazakhstan.

Australia’s Price cleared 1.85m before missing three attempts at 1.89m to finish out of the finals in 13th place.

-AAP

Manmohan Singh meets visiting WTO trade ministers

New Delhi, Sep 5 (ANI): Visiting trade ministers of more than 30 countries including US Trade Representative Ron Kirk and WTO director general Pascal Lamy met Prime Minister Manmohan Singh here.

During the meeting, the ministers held a discussion regarding various vital issues.

Talking to reporters after the meeting, Pascal Lamy said that that certain differences existed between rich countries and developing nations.

“They (differences between rich and developing countries) remain the tough nut to crack in the negotiations and we shouldn’t underestimate this, what happened during last two days is the reality check. Do they (rich and developing countries) have the political will to conclude unanimously? The answer is yes and this ‘yes’ was extremely clear from the least developed countries, African Union,” Lamy added.

Lamy further said that new commitments were needed to solve various issues between developing and developed nations.

“A new layer of rules and market opening commitments is what this planet needs and the more we will go into the negotiations the more the views will share by developing countries,” Lamy added. Key trade ministers agreed to relaunch the stalled World Trade Organisation’s Doha talks with intensified negotiations later this month.

The negotiators will hold the meeting for a week beginning September 14.

Meanwhile, activists of various Left organizations staged a protest in Kolkata against the ongoing ministerial meeting of key WTO member.

Activist accused the WTO of following imperialistic policies.

“Every time we are opposing the imperialist design of the WTO, they have taken steps against the sovereignty of our country and third world countries,” said Rabin Deb, a communist leader. The Delhi meeting did not look at any of the specific issues that remain open, such as a safeguard to help farmers in poor countries cope with a flood of imports, or proposals to eliminate duties entirely in some industrial sectors.

The talks will resume on the basis of the draft negotiating texts issued in December 2008.

That should provide comfort to WTO members from Brazil to the European Union, who had feared that the United States wanted to unpick what has already been agreed over the past seven years, jeopardising the emerging deal. (ANI)

US urges WTO members to engage in multilateral talks to conclude Doha round

New Delhi, Sep. 4 (ANI): US Trade Representative Ron Kirk has urged World Trade Organisation members to engage in multilateral talks, and move beyond what was agreed upon earlier in order to reach a successful conclusion of the Doha round.

“More is required to get us to a successful conclusion or else Doha round would have succeeded in 2008, 2007, 2005. What we have not asked for is an abandonment of all the hard work that has gone before. We think we can build the existing text but obviously gaps needed to be filled in and more need to be added to,” Kirk said.

Kirk was speaking in New Delhi where India has invited key trade ministers to discuss how to finish the Doha round next year.

To find a way out and to work on those gaps, Kirk said the WTO’s 153 members must know “what those gaps and blanks are.”

However, Kirk said the two-day talks in New Delhi were satisfying and leading to a positive direction.

“There is a wild receptive to our ideas but we are not drowning. The most important thing is that we are not drowning. So we are, at least, committed to going down a path in which we can have the sustained type of bilateral negotiations that we hope would yield a clarity in the market access that we seek,” he said.

But Kirk reiterated the US view that big emerging countries like India, China and Brazil must do more to open their markets.

Most global growth in the coming years would come from those states, and they had to offer access to poorer developing countries as well as rich nations if the Doha round.

The ministers want to find a way to inject momentum into the faltering negotiations in Geneva on the Doha round, launched in late 2001 to help developing countries prosper by opening up world trade, rather than negotiate specific issues themselves.

Ministers agree that the basis for completing the talks, which will cut tariffs and subsidies in farm and industrial goods and open up services such as banking and telecoms, are negotiating texts drafted in December after an abortive round of negotiations last year. (ANI)

German Chancellor meets Manmohan Singh at G8-G5 summit

L’aquila, July 10 (ANI): German Chancellor Angela Merkel and Indian Prime Minister Dr. Manmohan Singh met on the sidelines of the G8-G5 summit here on Thursday.

They reportedly discussed bilateral issues and topics pertinent to the summit.

Leaders of the world’s richest nations and major developing powers would have on the table issues like global warming and international trade, with the poorer countries seeking concessions.

U S President Barack Obama would chair the climate discussions, but hopes of agreeing on ambitious emission-reducing goals have faded after China and India rejected demands to halve their emission of greenhouse gases by 2050.

The talks have been broadened to include the heads of new economic powerhouses in recognition that the world’s problems can no longer be dealt with by an elite few.

The fragile state of the global economy dominated the first day of the annual G-8 summit, with the United States, Japan, Germany, France, Britain, Italy, Canada and Russia acknowledging that were still significant risks to financial stability.

The 17-member Major Economies Forum (MEF), which groups the G-8 plus big developing nations, also looks set to embrace the two Celsius goal on Thursday, but is balking at making further commitments ahead of a decisive U.N. climate conference in December.

Progress has been hampered by the absence of Chinese President Hu Jintao, who withdrew from talks to attend to ethnic clashes in China’s northwest that have killed 156 people and wounded over a thousand.ndian negotiators said developing countries first wanted to see rich nation plans to provide financing to help them cope with ever more floods, heatwaves, storms and rising sea levels.

Broader economic concerns are also high on the agenda, with emerging nations complaining that they are suffering heavily from a crisis that was not of their making.

China, India and Brazil have all questioned whether the world should start seeking a new global reserve currency as an alternative to the dollar. They have said they may raise this on Thursday after having discussed it amongst themselves on July 8.

The debate is highly sensitive in financial markets, which are wary of risks to U.S. asset values, and the issue is unlikely to progress very far in L’Aquila.

However, a breakthrough on trade may be within reach. Diplomats say the G-8 and G-5 should agree to conclude the stalled Doha round of trade talks in 2010. Launched in 2001 to help poor countries prosper, they have stumbled on proposed tariff and subsidy cuts. By Naveen Kapoor (ANI)

Obama, Manmohan cozy up at G8-G5 summit

L’aquila, July 9 (ANI): US president Barack Obama and Indian Prime Minister Manmohan Singh cozied up to each other at a summit of the G8-G5 groupings at L’Aquila in Italy on Thursday.

Leaders of the world’s richest nations and major developing powers would have on the table raging issues like global warming and international trade, with the poorer countries seeking concessions.

US President Barack Obama would chair the climate discussions, but hopes of agreeing ambitious goals have faded after China and India rejected demands to halve the emissions of greenhouse gases by 2050.

The talks come on the second of a three-day Group of Eight summit, with discussions broadened to include the heads of new economic powerhouses in recognition that the world’s problems cannot no longer be dealt with by an elite few.

The fragile state of the global economy dominated the first day of the annual G8 summit, with the United States, Japan, Germany, France, Britain, Italy, Canada and Russia acknowledging that were still significant risks to financial stability.

The 17-member Major Economies Forum (MEF), which groups the G8 plus big developing nations, also looks set to embrace the two Celsius goal on Thursday, but is balking at further commitments ahead of a decisive U.N. climate conference in December.

Progress could be hampered by the absence of Chinese President Hu Jintao, who withdrew from talks to attend to ethnic clashes in China’s northwest that have killed 156 people and wounded over a thousand.

Indian negotiators said developing countries first wanted to see rich nation plans to provide financing to help them cope with ever more floods, heatwaves, storms and rising sea levels.

Broader economic concerns are also high on the agenda, with emerging nations complaining that they are suffering heavily from a crisis that was not of their making.

China, India and Brazil have all questioned whether the world should start seeking a new global reserve currency as an alternative to the dollar. They have said they may raise this on Thursday after having discussed it amongst themselves on Wednesday (July 08).

The debate is highly sensitive in financial markets, which are wary of risks to U.S. asset values, and the issue is unlikely to progress very far in L’Aquila.

However, a breakthrough on trade may be within reach. Diplomats say the G8 and G5 should agree to conclude the stalled Doha round of trade talks in 2010. Launched in 2001 to help poor countries prosper, they have stumbled on proposed tariff and subsidy cuts. (ANI)

16 Indians among 30 dead as boat capsizes off Qatar coast

Doha, July 1 (ANI): About sixteen Indians were feared to be among 30 dead in a tragic incident in which as a vessel, ‘Damas Victory’, hired by a Qatar based oil-firm capsized off the coast of Qatar on Wednesday.

The incident took place about two nautical miles off Doha at around 6.30 am local time on Tuesday, the vessel had 35 people including 19 Indians on board.

According to the Indian Embassy in Qatar, five people were rescued from the boat, including three Indians.

“Rescue operations are underway and five people, including three Indians, have been saved. There is no hope of any more survivors,” an official said, adding that the Embassy was in touch with the Qatar Coast Guard.

Qatar Coast Guard recovered seven bodies, however, they were yet to be identified.

However, the rescued Indians have been identified as Jaison Verghese, Balakrishnan Velayudhan, and Prabhu Chellam.

The boat, which belonged to a Dubai-based ‘Demas Marine’, had been hired by HBK Power Cleaning company. (ANI)

One more tests positive for swine flu in Hyderabad

Hyderabad, June 26 (ANI): A foreign national was tested positive for swine flu on Thursday in Hyderabad taking the number of swine flu cases to 17 in Andhra Pradesh.

The fifteen-year-old girl who tested positive for swine flu arrived on June 19 from Hong Kong by Silk Airways. She showed symptoms of swine flu on June 22 and her sample was sent to National Institution of Communicable Diseases (NICD) in Delhi.

After she was found positive for swine flu, nine other passengers who had accompanied her were also quarantined.

“On 22nd the report was sent on the same day. It was tested positive yesterday night from NICD Delhi. So I have isolated the other nine who accompanied her. We have sent the samples to NICD Delhi. This is the first foreign national tested positive in India,” said Dr. K Sudhakar, Physician, Government Chest Hospital, Hyderabad.

Out of the 17 cases reported in Andhra Pradesh, 14 have been treated and discharged, while three are still undergoing treatment. Ten other patients presently under observation are awaiting reports.

Another 45-year-old man who had travelled from Doha has also been admitted in the hospital for suspected HINI infection, after the initial screening at Hyderabad airport showed signs of the flu affliction in him.

So far, a total of 60 persons have been found positive for swine flu across India, out of which 32 patients have been treated as inpatients in isolation wards and discharged.

Out of the total 60 patients, 54 came from abroad while six contracted the disease within the country. In all, 413 suspected cases were quarantined.

The World Health Organisation (WHO) elevated the H1N1 strain to pandemic status earlier this month.

The WHO, in an update on the spread of the new flu strain on Saturday (June 20) had observed that the number of worldwide cases had risen to 44,287, with 180 deaths.

Mexico, United States and Canada have borne the brunt of the illness while research work is still on to formulate an effective vaccine to counter the pandemic. (ANI)

Anand Sharma suggests global trade solutions to tackle recession

Washington, June 20 (ANI): Union Minister for Commerce and Industry Anand Sharma has called for fair global trade solutions in a bid to end global recession during his meeting with US Secretary of State Hillary Clinton and US Trade Representative Ron Kirk in Washington.

Sharma said India wants the World Trade Organization’s Doha trade talks to resume, as it is important for countries to cooperate and break down trade barriers amid current global economic downturn.

“We are very clear, my Prime Minister, that this Doha process which has been stalled since last year should be resumed and taken to its logical conclusion. It’s not a question of only expectation between two countries, we are talking of a multilateral, rule-based trading system, and it will be important to recall that this round is dedicated to development, that is the core of this process, to correct the infirmities of the structural flaws in the global trading regime as it is, to be replaced by a fair, rule-based trading system which is also taking on board the legitimate aspirations of developing countries, because the flawed system is heavily weighed against the developing countries,” Sharma said.

In July 2008, Doha round of talks collapsed when a dispute arose between Washington and emerging economies – spearheaded by India over proposals to help farmers in poor nations.

The Doha deal is estimated to be worth 150 billion dollars for the world economy and considered even more important now that the world faces its worst economic crisis in decades.

Sharma said India’s offer to host a G-20 summit would help define a roadmap to draw the WTO talks to a conclusion.

“No country, when you are talking about a global regime of multilateral negotiations, whether it’s A country or B country, can not say that my position is the best. There can not be perfect solutions, there can only be fair solutions,” he said.

Sharma added that trade relationship between India and the U.S. were healthy, and India would be willing to further open up its markets to U.S. business. (ANI)

Govt. to ensure Indian economy returns to high trajectory growth

New Delhi, May 29 (ANI): Minister for Commerce (trade) and Industry, Anand Sharma on Friday said that the Government would take all possible steps to stabilise Indian economy in times of global recession.

Addressing media after taking charge of his office, Minister for Commerce and Industry said the government will take every possible step to ensure a steady Indian economy, particularly at a time when recessionary trends have upset overall industry and trade around the globe.

Sharma, however, noted that the effects of global meltdown on the Indian economy were relatively lower and the Government had taken measures to curb recession.

“We have assumed office at a time when the global economic environment is challenging. It has witnessed a downturn; all countries have been affected adversely. We have also been affected but less adversely, if I may say so. Our emphasis will be to ensure that the Indian economy returns to the high trajectory growth. For that many measures have been taken and whatever is required to be done shall be done in the coming weeks and months,” said Anand Sharma, India’s federal Minister of Commerce (trade) and Industry.

He also said that India was ready to ink a host of pacts, including a free trade agreement with the Association of Southeast Asian Nations (ASEAN) and economic cooperation agreements with South Korea and Nepal.

“We have nearly finalised some FTA (Free Trade Agreements) agreements. One is with Indo-ASEAN free trade agreement also comprehensive economic co-operation agreements with Nepal stands finalised and with Korea we shall be taking them to the Cabinet soon,” added Anand Sharma.

Designated as the Commerce (trade) and Industry Minister in the new government, a key post with responsibility for negotiating the country’s stand at the Doha round of global trade talks, Anand Sharma will have much home work in his new capacity. (ANI)

Jet Airways, Kerala Tourism announce the launch of ‘Jet2Kerala’

Kochi, May 13 (ANI): As part of its ongoing effort to boost tourism within India, Jet Airways and Department of Tourism, Government of Kerala, have announced the launch of ‘Jet2Kerala’, a new domestic travel initiative at the Trident, Nariman Point, Mumbai.

Jet Airways and Kerala Tourism, two super brands, will leverage their respective brand equities to boost tourist traffic into ‘God’s Own Country’.

With its stunning natural beauty and rich cultural heritage, be it the sandy beaches of Kovalam, blue Lagoons at Veli, hill stations at Munnar, backwaters of Kollam and Alappuzha, spice plantations in the high ranges of Wayanad, wildlife, high mountain peaks, picturesque valleys, magnificent forts and intricately decorated temples, Kerala has emerged as arguably the leading travel destination in India.”

The package offers travelers unmatched pan-India connectivity from all major parts of the country to three key cities in Kerala – Thiruvananthapuram, Kochi and Kozhikode.

Travelers can enjoy a range of accommodation options to suit every budget- from luxury properties to budget hotels and houseboats.

According to Sudheer Raghavan, Chief Commercial Officer, Jet Airways, said, “Jet Airways has always sought to promote tourism both internationally, as well as within India, by leveraging its unmatched pan-India and growing international network.

We are delighted to partner with Kerala Tourism to launch our new ‘Jet2Kerala’ initiative, as part of our ongoing efforts to boost domestic travel and tourism. We are confident that the compelling value proposition on offer will spur more travelers to visit Kerala this year.”

Dr. V Venu, Secretary (Tourism), Government of Kerala, said, “Kerala has been positioned as an upmarket and high quality international destination. Despite the challenges posed by the global economic downturn, the international tourist arrivals continue to be impressive, with a 16.11 per cent increase in visitors in 2008.

The new Kerala packages will further complement the range of exciting domestic and international JetEscapes holiday packages already on offer by the airline.

International travelers to and from Kerala may connect onto Jet Airways’ daily, direct services to Kuwait, Doha and Muscat in the Gulf, as well as to several destinations in North America, Europe, Asia and the Gulf via the airline’s three international gateway cities in India – Mumbai, Delhi and Chennai.

Kerala Tourism has won several prestigious international and domestic awards for its outstanding work in promoting tourism in Kerala. It is acclaimed as ‘one of the ten paradises in the world’ by the National Geographic Traveler. By Juhan Samuel (ANI)

Very difficult to change Pakistan’s attention from India to Taliban’

Washington, April 16 (IANS) With Pakistan army focused heavily on its perceived threats from India, a former US official says it would be very difficult to change its orientation to fight Taliban extremists on its border with Afghanistan.

‘Both Indians and Americans, and Pakistanis for that matter, view the current challenge germinating from the frontiers with Afghanistan,’ says Evan A. Feigenbaum, former deputy assistant secretary of state for South Asia.

But ‘The Pakistan army has trained for fifty years to fight India in the plains of the Punjab,’ he says.’So that really requires a change in orientation by the Pakistan army, which is very difficult for them because it’s so different from what they’ve trained and prepared for the past fifty to sixty years.’

The United States and India obviously share a lot of interests in South Asia, Feigenbaum, now Senior Fellow for East, Central, and South Asia at Council on Foreign Relations, said in an interview with the Washington think tank’s website, CFR.org

But ‘what’s been interesting and important about the US-India relationship over the last decade is that it has really exploded the boundaries of South Asia in a lot of ways,’ he said when asked about India’s opposition to being included in US Special Representative Richard Holbrooke’s portfolio.

Sceptical voices were raised in India about Holbrooke’s mandate, ‘because many Indians, like many Americans, view the great achievement of the last decade as moving the US-India relationship beyond South Asian issues and beyond Indo-Pak this, and Indo-Pak that,’ he said.

‘From an Indian perspective, linking India and the Kashmir issue into the issues that Ambassador Holbrooke is looking at in Afghanistan, is something that Indians really oppose,’ he said.

In the US too, he said there’s a broad recognition in both Democratic and Republican parties ‘that India is a country that has capacity to work with us on a whole array of global challenges, not just issues within the region.’

‘Thus the focus has really been on building a US-India relationship with a more global orientation,’ Feigenbaum said.

‘When you go down the list of challenges facing the United States, whether it’s forging a deal on climate change or ensuring a successful Doha round or the international trade regime, the United States needs to find a way to work with India.’

Murray now the man to beat after lifting third season title

Miami – Andy Murray edged closer to a world number 3 ranking as he became the only man on the ATP to earn three titles this season through a 6-2, 7-5 defeat of Serb Novak Djokovic on Sunday at the Miami Masters.

The rapid-fire win in one hour, 42 minutes added the Masters 1000 honour to Doha and Rotterdam titles won since January by the 21-year- old Scot.

Murray now stands 26-2 on the season as he prepares for a quick turnaround on clay, with Monte Carlo starting April 12.

Murray owns victories in three of his last five starts at the elite Masters level, winning Cincinnati and Madrid back-to-back last season and playing the Indian Wells final against Rafael Nadal a fortnight ago.

“I’m competing on the world stage and try to improve my ranking,” Murray said. “The clay season will be very important for me. On clay my game has not been the same as the top guys. I need to improve my game on clay.”

The world number 4 is fast-closing on Djokovic after claiming the 11th title of his career.

Only 170 computer ranking points separate Murray from Djokovic. The Scot will drop a mere 520 points between Monte Carlo starting next weekend and Roland Garros, while Djokovic is losing 2,800 points in the same period.

“I was the biggest enemy to myself. I was struggling again and adjusting to the heat,” said Djokovic, 2008 Australian Open winner. “I’m not really satisfied with the way I played today.”

Murray dominated the opening set in 33 minutes, putting it away on his second opportunity as he pushed across an easy overhead.

Djokovic began to feel the heat at the start of the second set after committing 16 unforced errors in the first. The Serb lost serve in the opening game, then called for a visit from the trainer.

Told that nothing could be done about his discomfort with the spring heat, he soldiered on, breaking Murray for the first time in the afternoon for 1-all.

“That’s just the way it is. I can’t fight it, it’s been this way for awhile,” said the Serb who has withdrawn ill during matches at three of the four Grand Slams.

Djokovic’s spirits rose with the scoreline as the third seed claimed a 4-1 lead before Murray responded. The Scot saved a pair of Djokovic set points in the ninth game, with the Serb double-faulting on the second.

After levelling at five games apiece, Murray regained the game that took him through the first set, breaking for 6-5 and ending the afternoon in first net point and the 43rd unforced error from Djokovic.

“It was hot out there,” said Murray.

“I was a bit out of breath, but I could look at the other end and see Novak was struggling. That makes a big difference mentally. He’s been struggling with the heat more this year. I’ve seen him play four-five hours at the US Open in these conditions. But he’s still a great player.”

India to seek $5.2 bn from World Bank

London, April 4 (IANS) Assured a greater say into the affairs of multilateral lending institutions, India will seek additional assistance of $5.2 billion from the World Bank for its financial sector and infrastructure projects, officials said.

The main component of this assistance is for recapitalisation of state-owned commercial banks over the next two to three years, Indian officials here said.

The rest of the amount is for infrastructure finance companies and power grid corporations.

India normally gets assistance worth $ three billion from the World Bank annually of which half is given in concessional form.

At the G20 summit that concluded Thursday, Prime Minister Manmohan Singh was assured that developing countries like India will have a higher voting right in institutions such as the International Monetary Fund and the World Bank.

Leaders at the G20 on Thursday pledged a $1.1 trillion package alongside measures for a tighter regulation of the international financial system to help bring the world out of recession.

The measures were also designed to prevent future shocks.

The leaders agreed to negotiate a speedy conclusion of the Doha trade round and put some $250 billion more into trade finance – key demands from India, represented by Prime Minister Manmohan Singh.

Out of $1.1 trillion pledged for various institutions, $250 billion will be given to the IMF to lend at cheaper rates to needy countries in the form of special drawing rights (SDRs).

The leaders agreed to another major Indian demand by deciding to sell IMF gold reserves to raise $6 billion that will go toward helping out the world’s poorest countries with cheap loans over the next two to three years.

Besides India, Britain and the US, the G20 comprises Argentina, Australia, Brazil, Canada, China, France, Germany, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey and the EU.