india-russia

Sistema issue: India hopes agreeable solution

In reply to Russia’s comment to take the cancellation of 2G license of Sistema for international arbitration if it is not resolved in Indian courts, India has said that the matter is commercial and all parties are free to take legal recourse that they deem appropriate to meet their commercial goal.

What is the matter over Sistema?

• Sistema is a Russian telecom company.
• Incorporated in 1993, Sistema is now one of Russia’s top ten companies by revenues and is one of the largest investment companies in the world.
• It has a joint venture with and it holds a major stake in Sistema Shyam Teleservices Ltd. whose 21 out of 22 licences were cancelled by the Supreme Court in February, 2012 (when SC cancelled 122 licences).

• Sistema Shyam Teleservices Ltd (SSTL), a JV between Russian conglomerate Sistema and India’s Shyam Group.
• Mobile Tele Systems or simply MTS India is a subsidiary of Russian conglomerate Sistema
• Russia had previously asserted it will not let Sistema’s USD 3.1 billion investment (in its Indian telecom venture) go waste due to "internal problems" in India
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DEC 2002 DELHI DECLARATION WAS SIGNED WITH PM OF INDIA AND PRESIDENT OF RUSSIA, BY THIS INDIA GOT MANY MILITARY WEAPONS AND TECHNOLOGIES FROM RUSSIA

























India has urged Russia to open its flourishing $19-billion pharmaceuticals market and accelerate the list of 500 drugs that it presently imports from India. India has urged Russia to let Indian pharmaceutical companies form joint partnerships with Russian companies.
India has demanded the Russian side to constitute a nodal agency to craft a joint committee for execution of MoU b/w
Indian and Russian pharma companies, particularly in the field of quality control and standard essentials in accordance
assessment of pharmaceuticals and bio-pharmaceuticals.
Russia’s pharmaceuticals market sprang up to $19 billion in 2011 from $6.6 in 2005, growing at a compound yearly
growth rate of 23%. Still, there are a lot of non-tariff barriers Russia inflicts which makes it hard for foreign companies
to move into this market, in terms of drugs registration and research and development of fresh drugs.
The National Institute of Pharmaceutical Education and Research (NIPER)
Already India has constituted its own nodal agency— The National Institute of Pharmaceutical Education and Research (NIPER) — under the Department of Pharmaceuticals. All the same, the Russian side is yet to constitute an suitable nodal agency.




India signed 30 agreements including civil nuclear cooperation,antiterrorism with russia IN DEC 2010





Russia court dismisses plea seeking ban on translated version of Gita
Russian court in the Siberian city of Tomsk dismissed the petition seeking a ban on a translated version of Bhagwad
Gita for being extremist. State prosecutors in the Siberian city of Tomsk had filed an appeal
against a lower court’s dismissal of their original plea seeking a ban on Bhagavad Gita .
Their claim was that the text was extremist literature full of hatred and insult to nonbelievers
which promoted social discord. The higher court in Tomsk kept the verdict of the
lower court intact.
Brajendra Nandan Das, Director ISKCON media communication in India, expressed happiness over the verdict. The case
had drawn criticism from Hindus across the world.