in 2009. The trade target isexpected to be met considering the jump in trade between the two countries following the comprehensive economic partnershipagreement, which came into force in January this year. Apart from civilian nuclear energy, Mr Krishna, who is on a three day visit to South Korea, also discussed the implementation of the MoU on cooperation in the peaceful uses of outer space. The MoU also includes the provision for launching Korean satellitesfrom Indian launch vehicles. Meanwhile, three MoUs were signed during the visit including an agreement between the ministry of micro, small and medium enterprises of India and the small and medium business administration of the RoK on cooperationin the field of Small and Medium Enterprises.
Kadapa district to be renamed as YSR
The Andhra Pradesh government on Friday gave its nod for renaming Kadapa as 'YSR district' after former Andhra Pradesh CM Y S Rajasekhara Reddy. Mr Reddy, who was killed in a helicopter crash in the Nallamala forest range on September 2 last year,hailed from Kadapa district.
Kishenganga Dam Dispute
India And Pakistan are gearing up for a legal battle over the Kishenganga dam project in the international court of arbitration.India announced its representatives in the upcoming legal battle, which was initiated by Pakistan, which has for long objected tothe dam project in Jammu and Kashmir. The two persons are Peter Tomka, Vice President of the International Court of Justiceand Professor Lucius Caflisch, an international Legal expert of repute and Member of the International Law Commission.Pakistan, which had nominated its representative, has sought arbitration by the international court under the 1960 Indus WaterTreaty. Following Pakistan’s move, India has had little choice but to nominate its representatives.Government of Pakistan has instituted arbitration proceedings on the Kishenganga Hydro-electric Project, being constructed onthe River Kishenganga, in Jammu & Kashmir, in terms of paragraph 2 (b) and paragraph 6 of Annexure G to the Indus WatersTreaty 1960, by appointing H.E. Mr. Bruno Simma, Judge of the International Court of Justice and Mr. Jan Paulsson, aninternational legal consultant, as its arbitrators for the 7-member Court of Arbitration, which is being set up in accordance withthe Treaty
BASIC meet in July-end
The BASIC (Brazil, South Africa, India and China) countries will meet in Rio de Janeiro in late July. This will be the thirdquarterly meeting of the four countries. It is expected that the other developing countries will be invited to take part in thedeliberations. This is a part of the agreement that the four countries agreed to at their May meeting in Cape Town. In adeparture from practice, the Rio meeting will have technical segment followed by the high-level ministerial segment. Sourcessaid the technical segment would focus on three issues — equity, leveraging private finance, and science and possible scenarios.Each of the four countries is working on a model for equity in carbon space. India has prepared a paper on a burdensharingmodel based on the principle of per capita emission, South Africa is working on a study which is based on the globaldevelopment rights framework, China is preparing a carbon budget as well. Brazil already has an equity study, which itprepared in 1997.The four countries have clarified that the BASIC is a forum for discussion and not a negotiating group. This could explain thereason behind a session on “science and possible scenarios”.