US-Iraq war fears may affect the sentiments in gilts market despite India's strong fundamentals and smooth sailing of the government's market borrowing now at Rs 1,34,036 crore (Rs 1,340.36 billion), PNB Gilts warned
Despite optimism by traders, the United Nations expects little oil to flow out of Iraq in the foreseeable future and says many goods ordered previously by Baghdad do not cover emergency war needs.
He says the entire plan was hatched to help the Republicans gain politically.
Exports to India's key markets - the US, the United Arab Emirates, China, Singapore, Bangladesh and Germany - witnessed a sharp decline, resulting in a 12.69 per cent contraction in outbound shipments during the first month of the current financial year, commerce department data showed. India's biggest export market - the US - with 17 per cent share witnessed 17.16 per cent contraction at $5.9 billion in April. This was followed by the United Arab Emirates (UAE) that saw 22.09 per cent decline at $2.23 billion exports.
Terror group Al Qaeda is "shaping" its regional affiliate in the Indian subcontinent to spread its operations into Jammu and Kashmir, Bangladesh and Myanmar, according to a UN report.
There were 406 such incidents, which include IED and ordnance explosive blasts, in the country. Iraq came second with almost half the number at 221, the report by the National Bomb Data Centre said though it did not mention the casualties.
Nearly three quarters American soldiers polled in a survey said their battalion level command leadership is 'poor' and shows 'a lack of concern' for their soldiers.
At least 83 US soldiers have now died in October - the highest monthly death toll of 2006.
Second Lieutenant Harry, who insisted on going, is likely to be in charge of a troop of 12 soldiers in light armoured vehicles.
Even as India is in talks with Pentagon officials on sending troops to Iraq, the government has allowed domestic and foreign companies to hire workers for projects in the war-ravaged country.\n\n\n\n
Annan has said that the international community must bring Iraq back from the brink.
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