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Awareness 23rd Sept'12

Awareness 23rd Sept'12

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Published by Sukhomoy Banik

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Published by: Sukhomoy Banik on Dec 03, 2012
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12/04/2012

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P Chidambaram differs with Montek SinghAhluwalia on global standards
Deputy ChairmanMontek Singh Ahluwaliaon aligning Indian laws and practices with the globalstandards, saying what was needed was "fair and non-discriminatory" norms."Montek said that we should align our laws and align our practices to global standards. I am notsure thatglobal standards are necessarily the best standards. Not all global standards are the  best," he said.Chidambaram, who was speaking at a seminar organised by theIndian Law Institute, said itshould be recognised that countries were at different stages of development in this otherwiseunequal world."I don't think that we should be tempted by the phrase global standards. What we should aim at isstandards which are the best standards which are fair, non-discriminatory," he said whileresponding to Ahuluwalia's suggestions.
See details ET, 23
rd
Sept’12
Amazon to launch Kindle in Japan nextmonth
Amazon to launch Kindle in Japan next monthAmazon.comInc is expected to release theKindlee-book reader in Japan early October, the Nikkei reported. The world's largest Internet retailer had been planning for a late-September release,but had to change its plans due to snags in the supply system, the daily said,quoting unnamed publishing industry executives.Amazon declined to comment when contacted on Friday. Amazon is hurrying tosecure Japanese content in time for the year-end sales season, the paper said. The company is asking publishers to change the data formats for some content andcould postpone the release further if it does not consider them sufficiently prepared,the Nikkei said.
See details ET, 22nd Sept’12
 
Why BAE-EADS merger is double troublefor Boeing
 The potential pairing of a top Boeing partner with its fiercest competitor shows howdeeply the deal could disrupt the complex relationships in the aerospace anddefense industriesAt an awards ceremony in April,BoeingCo honored 14 "suppliers of the year."Prominent among them:BAE Systems Plc, the British arms maker now in talks tomerge with Boeing's biggest civilian rival,EADS, maker of Airbusjets. "We are grateful to have them as key members of our team," Boeing CEO JimMcNerney said of the contractors feted at the Field Museum in Chicago. The potential pairing of a top Boeing partner with its fiercest competitor shows howdeeply the deal could disrupt the complex relationships in the aerospace anddefense industries, which account for hundreds of billions in sales a year. The BAE-EADS merger would create the world's largest integrated defense andcommercial aviation company with annual sales of $92.4 billion, topping Boeing bymore than a third, based on 2011 figures.Boeing initially said it did not see a big threat, but its top defense executive toldReuters this week the deal raised national security and industrial concerns thatneeded to be addressed.Executives at companies that have close ties to BAE are alarmed that they may loseaccess to sensitive Pentagon documents, and potential future business, if thePentagonclamps down on sharing certain information with BAE. The Pentagonmight do that out of concerns that BAE's new partner, EADS, has German andFrench ownership. At present, BAE has a "special security agreement," or SSA, withthe Pentagon that allows it to work as a subcontractor on classified contracts."BAE is an important defense player in the United States and their SSA has nationalsecurity access. That's very unique," said one industry executive, who declined tospeak publicly because it was unclear how the merger would be constructed.
See details ET, 22nd Sept’12

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