In the international trade world, there’s a new kid on the block. Well, not exactly new. The Chinese economy has been growing stronger by the year, but the full extent has only been become clear since China reported a significant growth in its 2012 international trade figures. This wasn’t just any growth, but one that [...]
With a Little Help From My Friends? —Trade between India, the UAE and China
May 13th, 2013 
Tushar Mathur Aadhaar’s Direct cash transfer scheme to save 0.5% of the GDP
April 30th, 2013 Ziaulla Namani Direct cash transfer through Aadhaar will help Indian government save 0.5 percent of the GDP. International Monetary Fund (IMF) said that the service will be of great benefit to the Indian GDP. “The total savings could be substantial: if the combination of direct cash transfer and Aadhaar eliminates the estimated 15 percent leakage cited [...]
Airlines may charge more for preferred services
April 30th, 2013 Ziaulla Namani The Indian government said it has allowed airlines to charge passengers for preferred seats on a flight, check-in baggages and meals, among other things. This would raise the cost of air travel. The services for which the airlines would be free to charge passengers include preferential seating, meals, snacks, drinks (barring drinking water), check-in [...]
Falling inflation and gold prices may boost bank deposits: Deutshe
April 30th, 2013 Malvika Falling inflation and steep correction in gold prices, prompting investors to park money in bank deposits, may increase the real interest rise in the current year according to a Deutsche Bank report. “Real interest rate has begun to turn positive. Looking ahead, we believe there is a substantial downside to inflation this year, which will [...]
$500 billion private investment in India a must for 8% growth; Montek
April 30th, 2013 Malvika India will not be able to achieve the targeted 8 per cent annual average economic growth in the 12th Plan (2012-17) if private sector does not invest half of the envisaged $1 trillion dollar in infrastructure during the period, Planning Commission deputy chairman Montek Singh Ahluwalia said. “This (8 per cent annual average economic growth [...]
Sebi may get greater powers to check money-pooling frauds
April 28th, 2013 Ziaulla Namani The government is considering a major overhaul of regulations governing to check money-pooling frauds by various entities across the country. Thus are considering to empower market regulator Sebi. As a result, Sebi could be given powers for overall regulation and oversight of all kinds of money-pooling activities and the definition of Collective Investment Schemes would [...]
Indian housing project in Lanka shows good response
April 28th, 2013 Ziaulla Namani Indian government said its plans to build over 40,000 homes in Sri Lanka’s war-ravaged northern and eastern areas has shown good progress since its launch in October last year. The Indian Housing Project is a housing reconstruction project funded by the Government of India and implemented through a Memorandum of Understanding with the Sri Lankan [...]
Things to look before taking a home loan
April 28th, 2013 Ziaulla Namani A shelter is what we all look for. Buying a home is the dream which all us cherish. So when you have taken the decision of owing one, and is about to apply for home loan and paying your processing fee, make sure you analyze the following aspects: Maximum loan eligibility: Home loan lenders generally [...]
Yellow metal not a good investment for now
April 28th, 2013 Malvika In just two sessions, gold prices dropped 13 percent in the steepest fall in 33 years. The price of gold has been unstable but in April, its decline was precipitated. What is surprising is not the fall itself but its speed. Gold was selling at $625 an ounce (860 rupees per gram) only six years back in 2008. [...]
Azim Premji donates 25 per cent of his personal wealth to charity
April 26th, 2013 Ziaulla Namani Wipro chairman Azim Premji said he has already given more than 25 per cent of his personal wealth to charity, but acknowledged it isn’t easy to use money well in philanthropy. “I have very clear views on what I intend to give to charity and today more than 25 per cent (of my personal wealth) [...]
Hennes & Mauritz plans to spend $130 million for Indian market
April 26th, 2013 Ziaulla Namani The Swedish group , Hennes & Mauritz plans to spend around 100 million euros ($130 million) on an initial 50 stores in India, hoping a growing population and rising incomes in Asia’s third-largest economy will fuel demand for its fast-changing fashions. Fredrik Olsson, head of expansion said H&M had made an investment application to [...]
IB ministry to launch the auction process of 839 new FM radio stations
April 26th, 2013 Ziaulla Namani Information and Broadcasting ministry will soon launch auctioning of 839 new FM radio stations and the process would be completed within a financial year. “The ministry is all set to launch the auction process of 839 new FM radio stations across 295 towns in India,” I&B secretary Uday Kumar Varma said. He said [...]
Workplace sexual harassment bill becomes law
April 26th, 2013 Malvika President Pranab Mukherjee has given his assent to a bill under which cases of sexual harassment at workplace, including against domestic help, will have to be disposed of by in-house committees within 90 days failing which a penalty will be imposed. Repeated non-compliance of the provisions of the Sexual Harassment of Women at Workplace [...]
Indian Online education industry is set to grow to $40 billion
April 20th, 2013 Malvika Online education industry size is set to grow to $ 40 billion by 2017 from the present $ 20 billion. With a network of over 1 million schools and 18,000 higher education institutions, India has one of the largest education systems in the world with a network of more than 1 million schools and 18,000 [...]
India tops global remittances list: World Bank
April 20th, 2013 Ziaulla Namani India receiving USD 69 billion in 2012, thus became the largest recipient of remittances in the world, the World Bank has said. India topped the list of countries receiving remittances, followed by China (USD60 billion), the Philippines (USD24 billion), Mexico (USD23 billion) and Nigeria and Egypt (USD21 billion each), it said on Friday. Other large [...]
