Our Network Websites:      All India NewsTech Know Bits - Invest In IndiaIndia - Food And Travel GuideHowTo For IndiaCars Of India

India present opportunity of $ 1 tn consumer market

PricewaterhouseCoopers (PwC) today said India’s middle class will grow in size to become a USD 1 trillion opportunity to be tapped for various consumer-oriented industries.

The country’s total population will be around 1.36 billion by 2021 of which middle class will account for 570 million.

Click to continue reading




Indian Inc creating jobs in US, Europe

With HCL Technologies announcing 10,000 jobs for locals in the US and Europe, India Inc chose the WEF meet to send a strong message that Indian IT firms are creating and not stealing jobs in troubled western economies.

Click to continue reading




Indian tycoons put Dubai in Billionaires list

Superrich business tycoons from India has strengthen Dubai’s position as the city with the most billionaires in the Middle East, according to a latest index that ranks Mumbai fifth largest hub of billionaires.

Click to continue reading




Reduce interest rates to boost housing demand

Indian’s apex bank, RBI’s decision to cut cash reserve ratio (CRR) will help improve the liquidity position of various sectors, including realty, but realtors feel that interest rates should be brought down to boost housing demand.

Click to continue reading




Intl Airlines cautious of stakes in Indian aviation

Several major international airlines seem to be wary of picking up stakes in the loss-making Indian carriers at this stage, even as the government plans to take steps to allow them to do so.Even before the government formally notified changes in the aviation policy that currently bars foreign carriers from investing in Indian airlines, officials and spokespersons of major international airlines have said they were not interested in investing in the Indian aviation market.

Click to continue reading




Indian currency most undervalued: Burgernomics

As per the latest Big Mac index, compiled by the Economist magazine to analyse purchasing-power parity of various global currencies, Indian rupee is most undervalued.

The price of Big Mac burgers of McDonald`s is considered for the index for the reason of the presence of fast-food chain across most of the countries and the magazine calls this theory `burgernomics`.

Click to continue reading




India in a better position to tackle slowdown

The International Labour Organisation (ILO) think India is expected to withstand the latest global slowdown better than most countries, if it ensures rising income levels for the working class and enough jobs for a growing working-age population.

Click to continue reading




Financial Planning Lessons from Republic Day

Independence Day

India obtained its independence from British Rule on 15th August 1947. India became independent and wants to develop and prosper with its own decisions.

Constitution

Though we are independent, we were not having our own constitution.

Click to continue reading




Africans want to follow India’s development model

Impressed by the efforts of social entrepreneurs to make the public delivery service more effective, five African countries want to emulate the Indian models of development, said Sam Pitroda .

Click to continue reading




Gold open new market for loans

With credit demand has been declining because of high interest rates, banks have stepped up lending against the glittering yellow metal. Financing against gold being a secured form of lending, and higher margins are the key reasons why banks are expanding this portfolio.

Click to continue reading




Green job hiring to be up by 60% in 2012

With ‘global warming’ becoming a major concern world over, hiring of green professionals is likely to grow by up to 60 per cent this year, say experts.

Click to continue reading




India among the most innovative country

India has been ranked the sixth most “innovative” country in the world in multinational conglomerate GE’s Annual Global Innovation Barometer, driven by financial support from public authorities and long-term support from investors.

Click to continue reading




Govt to consider FDI in India aviation

India’s troubled airline industry saw a potential lifeline on Tuesday when the Aviation Ministry said it would ask that the government to allow foreign airlines to buy stakes of up to 49 percent in Indian carriers.

Click to continue reading




Indian Inc optimistic about growth

The business outlook of Indian entrepreneurs for 2012 is resilient despite economic turmoil the world-over, with “unreserved optimism” for the growth prospects of the Indian economy this year, says a survey by global consulting major Grant Thornton.

Click to continue reading




India ranks 123rd as free economically country

India’s economic freedom score is 54.6, making its economy the 123rd freest in the 2012 Index of Economic Freedom, after Pakistan which ranked 122.

 Countries are ranked based on measures including rule of law, how open their markets are, regulatory efficiency and size of government.

“India’s score is unchanged from last year, with an improvement in labor freedom offset by declining scores in five other areas including business freedom, freedom from corruption, government spending, and monetary freedom,” the Heritage Foundation said.

India is ranked 25th out of 41 countries in the Asia–Pacific region, and its overall score is below the world average.

The reasons, it said, are that the foundations for long-term economic development remain fragile in the absence of an efficiently functioning legal framework, despite a high economic growth.

Click to continue reading