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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (2080)	7/31/1998 3:42:00 PM
From: Mohan Marette	Respond to of 12475

JPR: Oh that is ok I don't mind giving up part of 25K gain I had yesterday,today seems a goner we'll see what happens next week. Here is an interesting article I came across at Rediff: US ambassador rules out third country mediation to solve Kashmir issue United States Ambassador to India Richard Celeste feels Kashmir and other outstanding issues between India and Pakistan can be resolved only bilaterally, and ruled out third-party mediation. Addressing the media in Bombay, Celeste said, ''I don't believe outsiders can impose a decision on both countries. Friends can only be supportive.'' Celeste declined to comment on the recent meeting between Indian Prime Minister Atal Bihari Vajpayee and his Pakistani counterpart Nawaz Sharief in Colombo, but hoped the talks between the two leaders would facilitate the two neighbours to arrive at some understanding to resolve outstanding bilateral issues. On the deportation of Indian scientists from the United States, Celeste said sanctions were the US government policy and law. He said the sanctions would affect scientific exchanges and the travel of Indian scientists from institutions involved directly or indirectly in the development of nuclear weapons and ballistic missiles related technologies. However, he said scientific co-operation and exchanges in other areas would continue. It was a difficult period for both countries, he said, adding that he was hopeful the talks between Planning Commission Deputy Chairman Jaswant Singh and US Deputy Secretary of State Strobe Talbott were constructive and would help ease the post-Pokhran nuclear tests situation. Celeste rejected the allegation that the denial of a visa to India's Atomic Energy Commission Chairman Dr R Chidambaram by the US was an uncivilised act. He said his country regarded Dr Chidambaram as a respected scientist and a great scientific leader of India. He claimed the scientist was not refused a visa, but "we told him out of respect that this is not the best time for a visit. He was also returned his visa application fee." Asked why the US had not resorted to similar action against China for conducting nuclear tests after that nation signed the Comprehensive Test Ban Treaty, the American ambassador said the US had strongly protested against China's action and had in the past imposed sanctions against Pakistan and other countries. He said the US insistence on India and Pakistan to sign the CTBT was borne out of her concern for peace in South Asia and to avoid any unintended consequences of the presence of nuclear weapons. The US cared for India and Pakistan and wanted to ward off a situation of accidental use of nuclear weapons because there could not be any guarantee of communication security. He acknowledged that India's leadership was responsible and was not going to fight yet another war with Pakistan just because it had nuclear weapons. ''Though the sanctions will have some impact on economic relations between the US and India,'' he said, "US business interests are going to continue undiminished. The US business community has its own priorities and their investments in India are going to continue undiminished.''