Saturday, September 15, 2007

US HINTS AT BIGGER IRAQ PULLOUT

US Defense Secretary Robert Gates has hinted at bigger cuts to troop numbers in Iraq than those approved by President George W Bush.

Mr. Gates suggested the current level of more than 160,000 soldiers could be cut to about 100,000 by the end of 2008.
Mr. Bush said on Thursday about 30,000 troops might return by next summer.
Mr. Gates spoke as a White House report suggested Iraq's government has made little progress in meeting key military and political benchmarks set by the US.
'No script'
Both Mr. Gates and Mr. Bush stressed that any reduction in troop levels would be entirely dependent on the success of their mission. The defense secretary said: "The whole situation and recommendations at this point are based on an analysis by the commander in the field, plus... the situation on the ground.
"One of the sad aspects of war is there is no script. That history hasn't been written yet. And the enemy has a vote." On Thursday night the president used a prime-time televised address to outline plans for a gradual withdrawal from Iraq and a transition to a more advisory role for US troops there.
He said he had taken the advice of the US commander in Iraq, Gen David Petraeus, who had given his own progress report to Congress earlier this week and said the recent military "surge" in Iraq was working.

Spin jibe
The White House report, which is the Bush administration's own assessment of the situation in Iraq, says Iraq has performed satisfactorily on nine out of 18 benchmarks - one more than in July.
Among the failures, it cited militia control over security forces and a failure to enact laws on sharing oil resources. Democrats said the report showed the president's current policies were failing. "As hard as they may have tried to spin it, today's assessment by the White House... once again shows that the president's flawed escalation policy is not working," Senator Harry Reid said. The White House said US efforts in Iraq extended far beyond the 18 benchmarks, adding that many of the objectives were being met even if the formal benchmarks had not been reached.

No comments:

ICICI Bank

ICICI Bank is India's second-largest bank with total assets of Rs. 3,446.58 billion (US$ 79 billion) at March 31, 2007 and profit after tax of Rs. 31.10 billion for fiscal 2007. ICICI Bank is the most valuable bank in India in terms of market capitalization and is ranked third amongst all the companies listed on the Indian stock exchanges in terms of free float market capitalisation*. The Bank has a network of about 950 branches and 3,300 ATMs in India and presence in 17 countries. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in Singapore, Bahrain, Hong Kong, Sri Lanka and Dubai International Finance Centre and representative offices in the United States, United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary has established a branch in Belgium.
ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).