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prince dudhatra-9724949948
Contribution of each
sector towards
economy
• GDP Growth Rate: 8.5%

• Agricultural Sector: 17.5%


• Industrial Sector: 20%
• Service Sector: 62.5%

prince dudhatra-9724949948
prince dudhatra-9724949948
Agricult
ural
Sector

prince dudhatra-9724949948
The rainfall of the current year is
recorded 102%.
• There is a deficit of rainfall in 173 districts
of country.
• In 67 districts there is normal rainfall.
• In 240 districts there is higher rainfall.

• The heavy rainfall is recorded in the


following states:
 Assam, Kerala, West Bengal and
Gujarat.

• The lowest rainfall is recorded in the
following states:
prince dudhatra-9724949948
prince dudhatra-9724949948
prince dudhatra-9724949948
India will add 17 lakh metric
tons of food storage capacity
within 5 years
• Minister of State for Agriculture and Food
K.V. Thomas on last Friday said India will
add 17 lakh metric tons of food storage
capacity within a period of five years in
order to prevent the rotting of food grains
that are stored in the open.

• "At least 50 percent of the capacity can be


done by December 2011, the rest by
2012. Thus it will be able to improve our
storage capacity with modern technology
step by step,"prince dudhatra-9724949948
Groundnut output in
Gujarat rises by 35.5%.

• Gujarat is India’s leading producer of
groundnut.

• The production was raised from 1.38
million tons to 1.87 million tons in the
current year.

• The basic reason behind this is the
expansion in the area under cultivation
for the groundnut.
prince dudhatra-9724949948
FCI plans to sell wheat under
its OMSS
(open market sales scheme).
• Food corporation of India steps up efforts to
clear wheat stock.
• FCI signs MOU (Memorandum of
Understanding) with NSEL, The agreement is
valid up to 31st March 2011.

• NSEL (National Spot Exchange) will start
conducting weekly auctions from next
Wednesday on 20/10/2010.

• The floor price of wheat will be Rs. 1252.15 a
quintal for ex-go-down sale in Delhi.
prince dudhatra-9724949948
Low stocks to push up
turmeric prices again.
• The production of turmeric in 2008-09
stood at 42 lakh bags where as in the
year 2009-10 it stood at 48 lakh bags.

• Turmeric supplies will remain down at
around 11-12 lakh bags till the fresh
arrivals come around in the month of
January.

• Thus there will be shortage of turmeric in
the market and as a result the price will
be increase. prince dudhatra-9724949948
Sugar mills smell big gains
in global market
• The sugarcane crop this year is pegged at
around 346 million tons.
• Sugar output is expected to be not less
than 25.5 million tons as against 19
million tons previous year.
• The price of sugar will be in the range of
Rs. 2470-2500 per quintal.

• India plans to export 2 million tons of
sugar.
• Sugar mills can realise a premium of Rs.
400-500 per quintal in the export.
prince dudhatra-9724949948
Coffee exports to cross 2.1
lakh tons mark in the
FY2011.
• The target for coffee exports for the fiscal
year is 2.1 lakh tons.
• In the current year India have exported
1.56 lakh tons in the first 6 months.
• India sends 70% of its production to the
export market.
• The export will be higher because of higher
production and a fall in production in
other countries. Thus it leads to a
supply-demand mismatch internationally.

prince dudhatra-9724949948
Tea deficit to widen on
pest attack, rain.
• Assam is the leading producer of tea in the
country.

• The tea production is declined by 20
million kg. in the current year due to
heavy rain in Assam and in West Bengal.

• The production of the current year is 585
million kg.

• India is likely to face a shortfall of about
60-70 million prince
kgdudhatra-9724949948
of tea.
Industr
ial
Sector
prince dudhatra-9724949948
Contribution of
industrial sector
towards economy
• GDP Growth Rate: 8.5%

• Industrial Sector: 20%

prince dudhatra-9724949948
CAPITAL GOODS SLOW IIP TO
5.6% IN AUGUST
ØThe industrial growth fell down due to
extremely low growth in capital goods
which includes 9.26% share off IIP index

ØThe manufacturing sector , which


includes 79.4% share of index ,was the
prime reason for the slow pace of
growth. It was 5.9% in August 2010 ,where
as it was 10.6% in 2009.
prince dudhatra-9724949948
Contd…..
ØIn August the growth of capital goods
was -2.6% only ,where as it was 72% in
July 2010 .

ØThe fortune of this segment have been


decided by the cable wire industry.

Ø Wire industry had registered an over


200% rise in July 2010 .
Ø

prince dudhatra-9724949948
Contd…..
ØIndustrial production growth rate nearly
halved to a 12-month low of 5.6 per cent
in August, pulling down the Sensex by 136
points.
ØIn August 2009 the industrial growth had
get the double digits level at 10.2% for
the first time since economy was slow in
2008.

ØThe growth of August was only 5.6%


,which was 15.2% in July 2010
prince dudhatra-9724949948
prince dudhatra-9724949948
IIP , OVER ALL GROWTH OF TWO YEARS

prince dudhatra-9724949948
prince dudhatra-9724949948
ARCELOREMITTAL’S TWO INDIA
PLANTS UNLIKELY TO
MATERIALISE:LAXMI MITTAL
ØHe wants to realize prior plan about plant
setup in India.

ØHis new strategy.

ØArcelormittal had announced a 12 million


tone steel plant in Jharkhand in 2005
followed by an identical plant in Orissa
in 2006.
prince dudhatra-9724949948
Contd…
ØLa st ye a r , th e co m p a n y a n n o u n ce d
p la n to se tu p sm a lle r ste e lm illin
K a rn a ta ka a n d p ro p o se d 1 la kh cro re
fo r p ro je cts.
ØM itta ls ’ o w n e ffo rts to exp a n d in C h in a
h a ve b e e n h a m p e re d b y B e ijin g 's
in w a rd in ve stm e n t ru le s.

ØH is a n n o u n ce d o n ly to ta ke m in o rity
sta ke s in tw o m e d iu m size d C h in a
b a se d ste e lp ro d u ce r ra th e r th a n to ta ke
co n tro lo f la rg e ve n tu re s.
prince dudhatra-9724949948
Contd….
ØIndia is world 5th fifth producer of steel.
ØProduction of steel in India (in million ton)-
2007-53.1
2008- 55.2
2009- 56.6
ØArcelorMittal is now the largest steelmaker in
the world by turnover as well as volume,
controlling 10% of the total world steel
output.
ØThe production of ArcelorMittal are
Ø2009- 77.5 million tons.
Ø2008- 103.3 million tons.
prince dudhatra-9724949948
Ø2007- 116.4 million tons.
“JAL” TO EXPAND CEMENT
MANUFACTURING IN GUJARAT
ØJaiprakash Associates Ltd has entered in to
an agreement with Dighi Port Ltd for
setting up a port based grinding plant in
Kutch.

ØThis is its a second plant in Kutch .


ØIt will receive clinker from its ash based


plant in Kutch.

prince dudhatra-9724949948
Contd…..

ØT h e p ro d u ct w illb e a va ila b le to th e
m a rke t o f M a h a ra sh tra a n d G o a .

ØThe amount of investment Rs.600


crore.

ØExpected production is 5 million


tons/annum. prince dudhatra-9724949948

Contd…..

ØA n n u a ltu rn o ve r R s. 1 0 0 0 0 cro re .

ØT h ird la rg e st p ro d u ce r o f In d ia .

ØIn d ia p ro d u ce 2 2 4 m illio n to n s/ a n n u m .

prince dudhatra-9724949948
SUMITOMO TO BUY SUZLON
ARM’S UNIT
ØBelgium-based Hansen Transmission ,in which
Suzlon energy holds a 26% stake, will sell its
industrial gearbox making unit to Japan’s
based Sumitomo heavy industries.

ØThe proposed transaction value Rs.463cr.

ØHansen industrial gear box unit is known as


industrial transmissions NV which account
for almost 16% of the company’s revenues.

prince dudhatra-9724949948
Contd….
.
ØHansen also plans to reduce its turbine
gearbox manufacturing capacity by 1100
MW from 8700 MW.

ØPerformance fell due to discontinuing


operation at its Edegem plant.

ØHansen’s revenues in the year ended march


declined 12 %.
Hansen’s performance fell by poor sells
and low demand from the wind energy
market even as debt on its book remained
high.
prince dudhatra-9724949948

ONGC ANNOUNCES TWO NEW
OIL & GAS DISCOVERIES
ØOne of its discoveries has been put on to
production.

ØAn oil discovery in an onland Cauvery Basin
block and the gas in the offshore Krishna
Godavari Basin.

ØThe exploratory well drilled to a depth of 2416
meter’s , flowed oil@300 barrels per day.

prince dudhatra-9724949948
ONGC TO INVEST RS.8,800
CRORES IN MUMBAI OIL FIELD
• The investment is for using a cost effective
technology to maintain output.

• Earlier the out put was of 4,00,000 barrel
per day which has fallen to 2,10,000
barrel per day.

prince dudhatra-9724949948
GEMS AND
JEWELLERY

prince dudhatra-9724949948
History
• Precious gems and jewelry are a part of Indian
tradition and customs.

• Gold has traditionally been valued in India as a saving
and investment vehicles.

• Even today, gold is the second most popular
instrument after the bank deposits

prince dudhatra-9724949948
vThe Indian gems and jewelry industry is one of the fastest growing
segments in the Indian economy with annual growth rate of
approximately 15 %, with export of over $20bn in 2007-08.
v
vThe gems and jewelry sector accounts for nearly 13% of India’s
total exports.
v
vAccording to an ASSOCHAM report released in 2007, the gems and
jewelry industry employs over 1.3 m people directly and
indirectly.
v
vThe report further states that worldwide, the industry is estimated to
be around $130bn, while Indian gems and jewelry market worth
$13.5bn.

prince dudhatra-9724949948
Advantage to India
ØIndia is already the largest diamond cutting and polishing center
in the world.
Ø
ØThe Indian diamond and polishing industry enjoys
1. 60% value share
2. 82% carat share
3. 95% share in terms of numbers of pieces means 9 out
of 10 diamonds sold worldwide are cut & polished in India.

ØTotal gems and jewelry export from India stood at $20.88bn for
2007-08 a growth of 22.27% over $17.08bn the previous year as
per GJEPC

prince dudhatra-9724949948
Cont.…
ØThe United States and Hong Kong were the largest importer of
gems and jewelry from India, with a share of 26% each
followed by UAE at 21%.
Ø
ØGold jewelry exports increased from $5.2bn in 2006-07 to
$5.6bn in 2007-08
Ø
ØThe domestic market for gems and jewelry is likely to increase
to $20bn by 2010 and $30bn by 2015
Ø
ØIndia is the largest consumer of gold in the world, followed by
China and Japan. India consumes nearly 800 tons of gold that
accounts for 20% of world gold consumption, of which nearly
600 tons go into making jewelry.
Ø
prince dudhatra-9724949948
Cont.…
ØIndia is also emerging as the world’s largest trading center for
gold targeting $16bn by 2010

ØBranded jewelry is likely to be the fastest growing segment in


domestic sales. The sector is expected to grow at 40% annually
to touch $2.2bn by 2010

ØThe export industry mainly comprise of small to large unit based


in various special economic zones (SEZs) , export processing
zones (EPZs) in Chennai and Noida and Santacruz Electronic
Export processing zones (SEEPZ) in Mumbai, supplying
primary diamond studded jewelry. More SEZs are on the anvil.

prince dudhatra-9724949948
Diamonds
ØIndia has long history of diamond mining and several diamonds,
including KOHINOOR, were produced here.
Ø
ØIn fact, till 1725 India was the only producer of diamonds in the
world.
Ø
ØThe Golconda mines were world famous and even today , a
Golconda diamond fetches a very high price in the international
market.
Ø
ØToday diamonds are mined only at Pannain Madhya Pradesh by
National Mining Development Corporation.

prince dudhatra-9724949948
ØIndia does not contribute much to the world market in terms
of rough diamonds.
Ø
ØIndia exported rough diamonds worth $566m in 2007-08
It is world leader in cutting and polishing of diamonds
with export worth $14.18bn in 2007-08.

Imports of Ruff Diamond


Africa
Russia
U.S
Europe
Ø
Ø
ØMost of the processing of diamonds takes place in SURAT
in GUJARAT and in JAIPUR in RAJASTHAN.
prince dudhatra-9724949948
Retail sector
ØThe Indian gems and jewelry market continues to be dominated
by the unorganized sector.
Ø
ØThere are over 2.5m jewelry shops in India and most of them are
family run.
Ø
ØMarket for branded jewelry is likely to be worth $2.2bn in 2010
according to McKinsey report.
Ø
ØNow a days more and more jewelry houses are entering the
branded jewelry sector and it has become organized sector.
ØAccording to report released by Technopark advisor on the
changing retail landscape in India. The jewelry and Watches is
pegged at about $13.70bn expected to register a 12% growth by
2012 touching $23.60bn.
prince dudhatra-9724949948
ØReliance Retail is planning to enter into jewelry retail sector. It
will open 400 to 500 jewelry retail outlets across the country.
Ø
ØDamas India, part of one of the largest jewelry retail outlets in the
world , is adding 16 new stores to the 12 stores it currently has in
India.

ØSwarovski, the global crystal goods manufacturer and marketer,


plans to set up 30 stores , up from the current 13.
Ø
ØGold Souk India has plans for opening 100 souks in 100 months.
Ø
ØKiah also increase its retails from 15 stores to 45 stores in India.

prince dudhatra-9724949948
EXPORTS
ØAccording to the figure released by GJEPC, exports recorded a
18.23% growth touching $29.433bn in 2009-10 as against
$20.88bn last year.
Ø
Diamonds accounts for 70.59% of the total exports.
Gold jewelry accounts for 26.91%.
Colored gems stones and other accounts for 1.32% and 1.18%
respectively.

ØThe 2008-09 fiscal has also seen an increase in the export of gems
and jewelry. G & J export rose to $13.90bn during April-
November 2008.significantly rough diamond export stood at
$51.71mn an increase of 69% over the corresponding year. While
cut and polished export increased to $9.67bn. Also export of
colored gemstones increased by 15.45% to $193.03 mn.

prince dudhatra-9724949948
Government Initiatives
ØGovernment lowered import duty on platinum from $13.82 per 10
gram to $5.03.
Ø
ØExempted rough colored precious gems stones from custom duty at
the first stage itself, instead of claiming reimbursement later.
Ø
ØDuty free import of consumable for metals other than gold and
platinum up to 2% of freight on board(F-O-B) value of export.
Ø
ØImport of gold of 18 carat and above under the Replenishment
scheme.
Ø
ØSetting up SEZs and gems and jewelry parks to promote investment
in the sector.

prince dudhatra-9724949948
ØIn 2007 govt. abolished import duty on polished diamonds.
Ø
ØThe export of colored gemstone on consignment basis has been allowed.
Ø
ØThe limit of speed post parcel for jewelry increased from$50000 to
$75000.
Ø
Ø100% FDI allowed through automatic route and 51% FDI allowed for
single brand retail outlets.
Ø
ØTo reduce the transaction cost for the diamond sector, testing facility at
International Diamond Laboratory (IDL), Dubai, has been
incorporated in the list of laboratory/certifying agencies.

ØCategorization of exporters as One to Five Star Export Houses has been


changed to Export Houses and Trading Houses with rationalization
and change in export performance parameters.
Ø
Ø
prince dudhatra-9724949948
New trends
With 10 fold increased in the number of working women in the
country. Jewelers are making special efforts to cater to trendy young
working women. Companies have introduced new lines of wearable
and affordable jewelry.

ØSwarovski, which already has a strong presence in the Indian


fashion scene, has on offer a line called “Passages of Night”,
starting at $74.012.
ØGitanjali Gems’ Asmi line has a collection called “Corporate and
Graduates”, which accounts for as much as 50-60% of the sale of
the entire line.
ØTanishq, TATA’s jewelry brand has a line called “Everydays”,
includes gold and diamond pendants, earrings, necklaces and
rings. It contribute 10% of all Tanishq’s sales.

prince dudhatra-9724949948
News
Bharat Diamond Inaugurates 'World's largest Diamond Bourse'

ØThe Bourse will take this resilient nature of the Indian


industry to establish India as a true 'International
Diamond Trading Hub'
ØBharat Diamond Bourse (BDB) will be inaugurating
the World's Largest Diamond Bourse on the 17th of
October, 2010 in Mumbai.
ØBDB was set up for the primary objective of establishing
necessary infrastructural facilities for promotion of export
of diamonds including diamond jewellery from India and
thus provide all support and service facilities so as to
eventually make India an International Trading Centre
for Gems and Jewellery.
prince dudhatra-9724949948
India’s stride to be Global hub in Gems & Jewelleries
ØIn the financial year ended March 2010, gem and jewellery
exports from India registered a huge 18.23% growth, and stood
at USD 29.433 billion. Our industry contributes nearly 16.67%
of the country's total merchandise exports.
Ø
Ø
ØOf this, the cut and polished diamonds segment still has a lion's
share of 61.97%. Exports of cut & polished diamonds for FY
2009-10 stood at USD 18.244 billion. India has now
consolidated its leadership position in this segment, with a
rising share of the overall market.

prince dudhatra-9724949948
ØSignificantly, gold jewellery, which offers tremendous growth
potential achieved an increase of 10.69 % and at USD 9.680
billion, stands second accounting for 32.88% of total exports.
Exports of coloured gemstones during 2009-10 were recorded at
USD 286.80 million showing an increase of 9.70%.

prince dudhatra-9724949948
Gems, jewellery exports up 67% in August

ØIndia`s gems and jewellery exports grew by 67% in


August to USD 3.1 billion year-on-year due to
increased sales in the US and non-traditional
markets like Russia and China.
Ø
Ø``We have been able to increase our share in the US
market to about 32% from 26% earlier,`` Gems and
Jewellery Export Promotion Council (GJEPC) Vice-
Chairman Sanjay Kothari said.
Ø
Ø``The exporters have been able to capture some
market share of Israel and Belgium in the US, `he
added.

prince dudhatra-9724949948
ØExports of cut and polished diamonds exports in August saw
maximum growth of 65% year-on-year followed by gold
jewellery (49%) and coloured gemstones (14%), as per the
GJEPC data.
Ø
ØThe exports of the precious items during the April-August period
increased by about 62% to USD 15.2 billion over the same
period last fiscal.
Ø
ØThe increase in exports is also due to enhanced demand for the
Indian items in markets like China and Russia.
Ø
ØThe council expects the exports would be about 30-35% in the
current fiscal more over the previous year as demand was
picking up in the traditional western markets.

prince dudhatra-9724949948
Service
Sector TCS ,
Bangalore

prince dudhatra-9724949948
Contribution of
Service sector towards
economy
• GDP Growth Rate: 8.5%

• Service Sector: 62.5%

prince dudhatra-9724949948
RBI to Head Sub-Committee that would
act as first stop for dispute redressal
Ø The purpose of sub-committee is to financial stability and
development.

Ø RBI have made sub-committee i.e. financial stability and


development council.
Ø
Ø
Ø FSDC acts as co-ordination arrangement it is alright but at the same
time they should ensure autonomy of individual regulators.
Ø
Ø It will be responsible for financial stability and regulatory co-
ordination
prince dudhatra-9724949948
Ø
Ø
ØIt would be stop for sorting out any discord between the
regulators, addressing the concern that council
undetermined the autonomy of the financial regulators.
Ø
ØThis sub-committee will have all regulations and senior
finance ministry officials as members and RBI
governor and the chairman.

ØThe strength of FSDC depends much on the technical


capability of its team.

ØFSDC has lot of potential but it will be able to deliver


will depend on the technical capability of its team.

prince dudhatra-9724949948
TRAI to frame norms to in crease
mobile phone tariff transparency
ØIt will help customers to informed choices about their
mobile plans.

ØThe guideline will also aim to bring operators who issue


misleading tariff advertisement.
Ø
ØBecause the mobile operators do not provide the
adequate information about their plans.
Ø
ØTRAI wants that all tariff related issue should be
determined by market force.
prince dudhatra-9724949948
Ø
ØRight now mobile phone company can offer up to 25
different tariff plans in a circle.
Ø
ØTRAI is contemplating a reduction in this cap.

ØIts logic is that too many tariff plans confuses the


customers and makes it difficult for them to make
informed choice.

ØAccording to TRAI if there are large number of tariff


plans the mobile company should give description to
the subscribers.

prince dudhatra-9724949948
Gold vending ATMs may become a
reality in India
 Indians might soon get a chance to buy gold from ATMs, as
Germany's Ex Oriente Lux AG is in talks with Indian entities for
setting up gold dispensing automated machines in India.

 The official did not provide details about the ongoing talks. The
Gold ATM , known as 'Gold to go', made its debut in Abu Dhabi
earlier this year.

 "Gold to go originated as an opportunity born out of the turmoil of


the financial crisis". Ever since the global financial meltdown in
2008-09, gold prices have been on the rise, as more investors are
seeing the yellow metal as a safe investment.

prince dudhatra-9724949948
LIC Housing seeks to boost tier-II
capital
• LIC Housing Finance could consider boosting the tier-
II capital this year. According to RR Nair , director
and chief executive officer (CEO) at LIC Housing
Finance, the company’s capital adequacy ratio is at
14%.

• The tier-II capital includes undisclosed reserves,
revaluation reserves, general provisions, hybrid
instruments and subordinated term debt. He said
that there was no plan to raise equity. The company
could consider the equity option only if it gets into a
capital-intensive business like retail banking.

prince dudhatra-9724949948
INDIA HEALTH COVER FOR
POOR ATTRACTS WORLD
ØINDIA’S ambitious public health insurance
scheme covering 19 million poor families is
now going global ,after recommended it for
the rest of the world.
Ø
ØMany countries such as Indonesia , Pakistan ,
Bangladesh , Nepal , Nigeria and Ghana are
enjoying of this scheme.
Ø
ØMaldives has just three hospitals to get a
substantial number of patient from the
prince dudhatra-9724949948
ØOther countries in Asia and Africa with sizable
number of people have interest of the Indian
scheme .

ØIt provides cash treatment up to Rs. 30,000


annually to a family of five at empanelled
government and private hospitals through
smart cards.
Ø
ØIt is the smart card driven fool proof
technology, which makes the scheme unique
.
Ø
prince dudhatra-9724949948
ØThe biometric card has the fingerprint at the
SECURITIZATION OF SMALL
LOANS NEW ASSETS CLAASS
FOR RICH
ØSecuritizations of loans to small self-help
groups, that started a few month ago.

ØIt is beginning to open a window of riches for


the wealthy who get 8 -9 % on investment
on bonds and other fixed income-yielding
instruments .

prince dudhatra-9724949948
SBI LIFE INSURANCE
LAUNCHES ULIP
ØSBI has launched third unit linked insurance
plan (ULIP).
Ø
ØIt is available at an affordable yearly premium
starting from Rs.15000 onwards .

ØThe product has been design to cater to


investment and protection needs the middle
and low income segments the product is
exempted from medical examination.

prince dudhatra-9724949948
Bharti may have to pay 1,800
cr for TCIL's 30% stake in
subsidiary
• Bharti Airtel, India’s largest TELCO by both
revenues and customers, may have to
fork out more than Rs 1,800 crore to buy
out Telecom Consultants of India’s (TCIL)
30% stake in its subsidiary Bharti
Hexacom, which offers mobile services in
six northeastern states.

• DoT also accepted the finance ministry’s


recommendations that a reserve price be
fixed for TCIL’s stake in Hexacom ‘in a fair
and transparent manner before going in
for the sale which must be conducted
prince dudhatra-9724949948
Global &
Editorial
News

prince dudhatra-9724949948
Nobel Prize winner in
Economics, 2010
• Americans Peter Diamond and Dale
Mortensen, and British-Cypriot
Christopher Pissarides, have won the
2010 Nobel economics prize.
• At a time when unemployment rates for
many OECD countries are rocketing, it
may seem only timely that their work on
how unemployment, job vacancies and
wages are affected by regulation and
policy, received recognition.
• The trios’ conclusion is that searching for
jobs and stabilising the labour market can
take up so much time and resources that
prince dudhatra-9724949948
Wikipedia preloaded on
devices
• Wikipedia Foundation Inc. is planning a
Pilot project to make its online Wikipedia
encyclopedia available as an offline
resource on low cost mobile phones and
personal computers.

• The main aim of Pilot project is to build off
line reach so that people can access it
even when they do not have internet
access.

prince dudhatra-9724949948
CNOOC TO INVEST $ 2.16
bn in US shale oil field
• The first big investment by a Chinese firm
in US onshore oil reserves.
• CNOOC Ltd. will buy a stake in Chesapeake
Energy Corp. shale oil and gas acreage in
South Texas, spending a total of $2.16 bn.
over the next two years.
• China National Petroleum Corp. and
Canada’s Encana Corp. to set up a joint
venture to exploit reserves in British
Columbia.
prince dudhatra-9724949948
US PRESIDENT BARACK OBAMA WILL TAKE
26 / 11 TOUR , STAY AT TAJ .
The US President Barack Obama is going to
visit Mumbai’s Iconic Taj Mahal hotel on
November 5.

President Obama will also visit locations of
26/11 terror to express solidarity with the
victims of the carnage.

Some serious issues to be discussed during
this visit are reservations being expressed in
India’s IT industry about outsourcing , the
tightening of visa rules and the nuclear issue
also figures in the
prince wide ranging etc.
dudhatra-9724949948
When India and US take into account
global issues, China is important
regional power , therefore India
will exchange notes with China on
these discussions.

prince dudhatra-9724949948
US TO RAKE UP YUAN AT G20 MEET :
SUMMERS
The G20 represents a group of 20 Finance Minister and
Central Bank Governors of Countries –both developed and
emerging-who discuss on key issues on Global Economy.
They are US , UK ,INDIA ,AFRICA, CHINA ,JAPAN ,GERMANY and
so on.

The most important agenda in the upcoming G20 meeting,


is the China’s exchange rate policy.

The United States and many other countries wants China
to allow its currency – the Yuan- to rise , which would
lead to a reduction in the country’s exports and help a
rebalancing of the global economy.

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