Mumbai During the first two days of his 10 day Asia tour, President Obama met with Indian officials along with business executives from both U.S. and India in order to work out details on a $10 billion trade agreement.
Less than a week after (in the President's words) he and the Democrats took a "shellacking" in the mid term elections, President Obama announced plans for a new $10 billion trade deal with India.
In a meeting with several hundred businessmen from America and India Saturday the President addressed the room saying he would make some "fundamental reforms" to export controls guiding trade between the two countries.
Officials from the Obama Administration told the Washington Post and other news outlets that the changes will include measures such as, removing several Indian space and defense companies from the entities list, in turn making it easier for Indian companies to trade with the U.S.
During the address the President said, "I'm here because I believe that in our interconnected world, increased commerce between the United States and India can be and will be a win win proposition for both nations," and after receiving a round of applause he continued saying "I realize that for some, this truth may not be readily apparent."
The White House says that the new previsions in the export deal would help in supporting some 54,000 U.S. jobs.
Some of the new deals in the works include:
India allowing Caterpillar Inc and GE Transportation to bid on the country's purchase of over 1,000 diesel locomotives in the next 10 years.
The sale of 30 new 737 Boeing aircraft to a privately owned Indian airline named SiceJet.
The Indian military's purchase of 10 Boeing C 17s military transport planes.
Fighter 107 F414 jet engines to be sold by GE to the Indian military.
Also a separate $500 million deal for GE to supply India's Reliance Energy Ltd with 6 heavy duty gas turbines and 3 steam turbines.
The relationship between the US and India is one of the "defining and indispensable partnerships of the 21st Century," said the President.
During his visit, President Obama also made Indian officials aware of his intention to support India's membership to four international alliances, including the Nuclear Suppliers Group. These groups are responsible for the regulation of trade in nuclear, chemical, biological and missile technology / materials.
pentagonchemicals
Wednesday, November 10, 2010
Saturday, January 9, 2010
Potash Corp., supervisor charged in death of worker at Saskatchewan mine
REGINA - Mining giant Potash Corp. of Saskatchewan and a company supervisor are facing charges in the death of a worker.
The provincial Ministry of Justice has laid five charges against the company and one against the supervisor under the Occupational Health and Safety Act.
The charges follow an investigation into the September 2008 death of Robert Tkach, 60, who died when his vehicle crashed at a potash mine in Lanigan, Sask.
"The worker was underground and he was driving a vehicle that drove over an unguarded ledge and rolled the vehicle," said Jennifer Fabian, director of safety services with Occupational Health and Safety.
"There was no barrier there," she said.
In every case where someone gets hurt "it always comes down to an issue of ensuring that hazards are properly identified," Fabian said.
She wouldn't talk about specific details of the investigation, saying the case is before the courts.
The charges against Potash Corp. (TSX:POT) include failing to ensure the health, safety and welfare of all workers.
The supervisor is accused of failing "to take reasonable care to protect the health and safety of a worker who may be affected by his acts or omissions."
Potash Corp. was issued a notice of contravention after the crash. Fabian said that notice directed the company to make safety improvements at the mine. The charges laid Thursday come after the ministry reviewed the findings from the complete investigation.
Potash Corp. spokesman Bill Johnson would not comment on the charges, but added safety is "the number one priority at every one of our facilities, period."
"After this incident we co-operated fully with the mines branch and their investigation of the accident. We reviewed their recommendations and complied fully with them."
Potash Corp. and the supervisor could face fines of up to $300,000. Individuals convicted of violating the act also face up to two years behind bars if convicted, although Fabian says no one in Saskatchewan has ever been jailed in such cases.
The only time the maximum fine has been handed out was in 1998, she added.
Potash Corp. was fined $300,000 after pleading guilty to charges stemming from the deaths of two workers in 1996. The two men employed by a subcontractor at the company's Cory mine died after falling into a vat of boiling brine. Another man was seriously burned.
: PENTAGON CHEMICAL
The provincial Ministry of Justice has laid five charges against the company and one against the supervisor under the Occupational Health and Safety Act.
The charges follow an investigation into the September 2008 death of Robert Tkach, 60, who died when his vehicle crashed at a potash mine in Lanigan, Sask.
"The worker was underground and he was driving a vehicle that drove over an unguarded ledge and rolled the vehicle," said Jennifer Fabian, director of safety services with Occupational Health and Safety.
"There was no barrier there," she said.
In every case where someone gets hurt "it always comes down to an issue of ensuring that hazards are properly identified," Fabian said.
She wouldn't talk about specific details of the investigation, saying the case is before the courts.
The charges against Potash Corp. (TSX:POT) include failing to ensure the health, safety and welfare of all workers.
The supervisor is accused of failing "to take reasonable care to protect the health and safety of a worker who may be affected by his acts or omissions."
Potash Corp. was issued a notice of contravention after the crash. Fabian said that notice directed the company to make safety improvements at the mine. The charges laid Thursday come after the ministry reviewed the findings from the complete investigation.
Potash Corp. spokesman Bill Johnson would not comment on the charges, but added safety is "the number one priority at every one of our facilities, period."
"After this incident we co-operated fully with the mines branch and their investigation of the accident. We reviewed their recommendations and complied fully with them."
Potash Corp. and the supervisor could face fines of up to $300,000. Individuals convicted of violating the act also face up to two years behind bars if convicted, although Fabian says no one in Saskatchewan has ever been jailed in such cases.
The only time the maximum fine has been handed out was in 1998, she added.
Potash Corp. was fined $300,000 after pleading guilty to charges stemming from the deaths of two workers in 1996. The two men employed by a subcontractor at the company's Cory mine died after falling into a vat of boiling brine. Another man was seriously burned.
: PENTAGON CHEMICAL
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