Week in review

Week in review
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First Published: Sat, Jun 06 2009. 12 47 AM IST
Updated: Sat, Jun 06 2009. 12 47 AM IST
New Delhi: The world’s second largest car maker, General Motors, filed for bankruptcy on 1 June. Considered an event that many thought would never come, GM was the global sales leader for 77 consecutive calendar years from 1931 to 2007.
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However, none of its operations outside the US were included in the US court filings and its been reported the India unit of GM will continue operations normally. GM India also plans to introduce three new cars this year and has no plans to reduce its workforce here. Kapil Arora, a partner in the automotive practice at Ernst and Young, gives us some insight.
Unicef released a report this week titled the “Impact of the economic crisis on women and children in South Asia” which says that the turbulence in commodity and financial markets followed by the economic crisis has added millions more people to the list of those suffering from chronic hunger in South Asia.
The report calls for urgent action by the various governments in the South Asian region, without which it cautions, nearly 20% of the world’s population will sink further into poverty and malnutrition with long term negative consequences for growth and development.
Despite previous reports, rescue teams have yet to recover any wreckage from missing Air France flight 447 that came down on Monday as it was flying from Rio De Janeiro to Paris. A Brazilian air force official said debris recovered from the crash site on Thursday was not from the lost Airbus A330. Officials have said that the items recovered were most probably from another ship and the big oil slick that was thought to come from the plane, probably came from another ship passing through the zone. Investigators are still trying to figure out the potential causes of the crash.
Just a few days after being sworn in as the water resources minister, five-time MP and Dalit leader Meira Kumar created history in the Lok Sabha when she was unanimously elected as its first woman speaker. While many say she wasn’t the first choice for the post, others see her appointment as a political master stroke.
After Congress scored on empowerment by appointing a Dalit woman as the speaker, the BJP played a trump card by appointing six-time MP and veteran tribal leader from Jharkhand, Kariya Munda as the deputy speaker.
And while addressing the first session of both Houses of Parliament after the elections to the 15th Lok Sabha, President Patil on Thursday laid the priority list of the government for the next five years. In her address, Patil also mentioned that reshaping of relations with Pakistan would depend on its “sincerity” in preventing terrorist groups from launching attacks against India.
US president Barack Obama, in a 55 minute long speech at Cairo University addressed the Muslims of the world and called for a new relationship based on mutual respect and dialogue. He quoted from the Holy Quran, spoke about his own Muslim heritage, and said America would withdraw from Iraq in 2012. He also added that Israel must stop its settlements in the West Bank.
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First Published: Sat, Jun 06 2009. 12 47 AM IST