February 15, 2010

India’s growing wealth

One more evidence of growing India’s wealth came with the publishing of Forbes’ rich list. Forbes published the list of billionaires in India. In one year, India has doubled the number to 52 in comparison of 27 in previous year. This has to do a lot with the surge in stock market and a robust economy. Stock markets have gained around 75 percent this year itself and country’s GDP have been around 7 percent. Mukesh Ambani being the richest Indian with 32 billion USD. India has shown that if conditions are favorable, it has potential to produce billionaires at a faster rate than other countries. The combined net worth of top 100 wealthiest Indian stands at $276 billion which is more than china’s $170 billion.

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February 15, 2010

G-20 Summit

Top officials from developed and developing nations in London advocated various stimulus packages to boost the global economical recovery. G-20 group was also concerned about the participation of developing nations in international economy as they assured that developing nations will get greater say in international financial institutions. They were also concerned about high pay packs of the bankers. They mentioned that fiscal and monetary policies to help economy are here to stay for as long as they are required. The international fund has said that global economy is beginning a sluggish recovery from recession and increased the forecast of global economic growth to 2.5 percent from the earlier stated 1.9 percent.

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February 15, 2010

Energy efficient industry

Energy consumption, its preservation and environmental factors have been quite a hot topic of discussion among developing nations and industries. Developed nations have been putting a lot of pressure on developing nations over carbon emission norms but all that not well among developed nations also. They still contribute maximum towards total carbon emission. It’s not that easy to compromise on these issues as it requires a lot of compromise on industrial front. Developing nations as well as developed nations can’t afford to compromise on industrial growth at this level of economical turn. Industries have already been pushing hard for relaxation in these norms as it complicates the process the doing business for them.

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February 15, 2010

Dubai impact

The united Arab Emirate (UAE) has a total debt of $184 billion. Bank of America-Merrill Lynch estimated that, as per them, region faces a heavy redemption schedule until 2013. Dubai announced that it is seeking to suspend payments on debt of its state-owned Dubai world and property subsidiary Naksheel. The announcement came as a complete shocker as the event has potential to reduce the pace of global economy recovery. Bank of America-Merrill lynch stated that it would severely impact the Gulf’s region economic recovery. Dubai accounts for $ 88 billion and Abu Dhabi for $ 90 billion. Global stock market came under huge pressure after the revelation.

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February 15, 2010

India’s Target: to cut carbon emission by 25% in 15 yrs

India today announced that it would reduce the carbon emission intensity by 20-25 per cent by 2020. This announcement came ahead of Copenhagen summit on climate change. India is going to achieve this by a series of policy measures which will include mandatory fuel efficiency standards. China has already announced a cut of 40-45 per cent, Brazil 38-42 per cent and Indonesia 26 per cent. Indian emissions are far below than most of the developing and developed nations.

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February 15, 2010

Diabetes Mellitus

Diabetes mellitus is a metabolic syndrome which is caused due to either lack of insulin or due to decreased responsiveness of insulin of peripheral tissues to secreted insulin. It is a disorder which comprises of abnormal metabolism, which results in high blood sugar level (hyperglycemia). Blood glucose levels are controlled by insulin, which is secreted by beta cells of langerhans of pancreas. It is characterized by,

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February 15, 2010

Tackling a financial crackdown

Recession is almost over now, recovery is on the tracks. There are still sometime in coming back to normal and  probably quite a few hiccups to survive but, worst is over. We should let this recession go without doing a self analysis. Corporate have done it, they have come up with ways of cutting down their operating cost and extracting profit from the average business scenarios. Last year, many of us saw job loss and cuts in salary. Most of us found it hard to survive with no or less salaries. It exposes lapses in our financials. We need to look into our own practices of money management.  Today, we feel a increased sense of job insecurity and with the growing size of economies and market, there won’t be a big deal, if we have to face one more recession or recession type downturn in next few decades, again.

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February 15, 2010

Airlines going down

Jet Airways to sack 1900 employees.800 people have already got their notices, remaining will be receiving their pink slips in coming days. There can be more job cuts from other companies also. So, what exactly is happening? Truly saying, I don’t know. But, as per my perception, they are facing unprecedented losses due to bad government policies. They have to pay huge taxes, poor laws like one need to fly in domestic market before being eligible for international routes, fixed foreign equity, etc. but they have created the entire empire. They went very aggressively in their expansion plans, they bought new planes, hired too many people. Now, they are not able to sustain this. So, they are coming with these kinds of cost cutting methods.

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February 15, 2010

Jobs slashed

Jobs are cutting down. Economic slow down have compelled corporate to rethink & reanalyze their hiring strategy. Recently, when jet laid-off its employees, there was a lot of noise regarding government’s role in securing jobs. Though, after a lot of chaos, these people were taken back. Naresh goyal managed to save these peoples. But the future of thousands of aspirants is not certain; many of them are now looking at various alternatives. People who have left their studies & were looking for a early career in aviation industry, are now going to back to colleges. But this laying off concept is here to stay. Though as per labour law, if a company wants to sack more than 100 people, it will have to take permission from government, but there are other legal ways to sack people.

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