US PUTS CURBS ON 63 RESEARCH LABS

Article Abstract:

The US Department of Energy has imposed curbs on 63 Indian research laboratories which will cut off all aid to Indian nuclear missile or other military programmes. The list includes Bhaba Atomic Research centre (BARC), the Indira Gandhi Centre for Atomic Research (IGCAR), Indian Space Research Organisation (ISRO) and many laboratories in the Defence Research and Development Organisation (DRDO). Also included in the list are Defence Electronic Applications Laboratory (DEAL) at Deharadun and the Centre for Advanced Technology (CAT) at Indore. The US Department has stated that this is only the interim list and it would be updated to include agricultural and medical institutions. (uh)

Comment:

India: US Dept of Energy puts curbs on 63 Indian research laboratories which will cut off all aid to Indian nuclear missile

Guided Missile and Space Vehicle Manufacturing, Missiles, Other Ordnance and Accessories Manufacturing, Nuclear Ordnance & Equip, Article

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OF SHRIMPS AND TURTLES

Article Abstract:

The crisis-ridden Indian seafood sector has benefited from the World Trade Organisation's ruling that the US should permit shrimp exports from India. The US had banned shrimp exports from India stating that sea turtles were being killed as Indian fishing vessels were not using turtle excluder devices. India's seafood exports increased to Rs3605.25 crore during April- December 1998 from Rs3593.15 crore during April-December 1997 but have gone down in dollar terms to $851.29 million from $991.21 million. (khr)

United States, Shellfish, Shellfish Fishing, Shrimp, Shrimps (Animals)

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CALL RATES ZOOM TO 24 PC, END AT 21 PC

Article Abstract:

In Mumbai's inter bank call money market, the overnight call rates on January 14 closed at 21 percent compared to 10.5 percent on January 13. The market which opened at 10-12 percent reached 24 percent before closing at 18-21 percent. The Reserve Bank of India (RBI) through its open market operations had removed Rs3000 crore form the system and the market was not aware of this. A demand-supply mismatch was created which resulted in moving up call money rates. (vsm)

Federal Funds Rate

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