Showing posts with label Nitika. Show all posts
Showing posts with label Nitika. Show all posts

Wednesday, February 10, 2010

Cardiovascular disease lowers IQ

IQ is among the strongest predictors of cardiovascular disease and is second only to cigarette smoking in large population study, a new research
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Cardiovascular disease lowers IQ (Getty Images)

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has found.


The study, funded by Britain's Medical Research Council, has discovered that lower intelligence scores are associated with higher rates of cardiovascular disease and total mortality.

The findings of the study have appeared in the February issue of the European Journal of Cardiovascular Prevention and Rehabilitation.

These conclusions have been derived from the West of Scotland Twenty-07 Study, a population study designed to investigate the influence of social factors on health.

The present analysis was based on data collected in 1987 in a group of 1145 men and women aged around 55 and followed up for 20 years. Figures were collected for height, weight, blood pressure, smoking habits, physical activity, education and occupation; cognitive ability (IQ) was measured using a standard test of general intelligence.

When the data were applied to a statistical model to quantify the associations of nine risk factors with cardiovascular mortality, results showed that the most important was cigarette smoking, followed by low IQ. Similar results were noticed when the health outcome was total mortality.

The relative strengths of the association were assessed by an 'index of inequality', which summarised the relative risk of a health outcome (cardiovascular death) in the most disadvantaged (high risk) people relative to the most advantaged (low risk). This relative index of inequality for the top five risk factors was found to be 5.58 for cigarette smoking, 3.76 for IQ, 3.20 for low income, 2.61 for high systolic blood pressure, and 2.06 for low physical activity.

The study team noted 'a number of plausible mechanisms' whereby lower IQ scores could increase cardiovascular disease risk, particularly the application of intelligence to healthy behaviour (such as smoking or exercise) and its correlates (obesity, blood pressure). A further possibility, they added, "is that IQ denotes 'a record' of environmental insults" (eg. illness, sub-optimal nutrition) accumulated throughout life.

The study's principal investigator Dr David Batty said, "From a public health perspective, there is the possibility that IQ can be increased, with some mixed results from trials of early learning and school readiness programmes. It may also be worthwhile for health promotion campaigns to be planned with consideration of individual cognition levels."

Nitika Darmoli
PGDM-4th sem

Fuel price hike

Petroleum Minister Murli Deora on Wednesday started consultations with political parties, including UPA’s partners, ahead of taking a proposal to increase fuel prices to the Union Cabinet, possibly tomorrow.

Mr. Deora met A. Raja, Telecom Minister and senior leader of UPA’s ally, DMK, this morning as part of efforts to build consensus for freeing petrol and diesel prices, and marginally increasing kerosene and LPG rates.

Sources said Mr. Raja was non-commital on the proposal and is believed to have told Mr. Deora that a position on the proposal will be taken by his party’s leader M Karunanidhi.

The Congress core group is meeting later in the evening where the implementation of Kirit Parikh Committee report on fuel pricing reforms may be discussed.

Sources said the Petroleum Ministry is likely to go with the Kirit Parikh panel’s recommendation of freeing petrol and diesel prices, but wants the hike proposed for LPG and kerosene moderated.

The Kirit Parikh Committee had suggested an increase of Rs. 6 a litre in kerosene rates and a Rs. 100 per cylinder increase in LPG prices.

Sources said the Ministry will push for a minimum of 50 per cent increase in the hike suggested by Kirit Parikh Committe at the meeting on Wednesday.

Nitika Darmoli

PGDM-4th sem

Sunday, November 29, 2009

World's top 20 business hotels

Hotels that combine service, technology and comfort have topped a list of the world's best business hotels with the winners offering their guests those added extras that can make all the difference to a trip.
Readers of travel magazine Travel + Leisure ranked hotels on a list of services and amenities to come up with their 20 top business hotels, part of the publication's annual World's Best survey.
Some offered free Internet access and a 24-hour business centre, some had rooftop pools, while one had an award-winning Gordon Ramsay restaurant. Free parking was also a plus.
Boston's The Eliot had touch-screen monitors for guests to order room service and print boarding passes. The Peninsula Hong Kong transported one guest in a Rolls Royce and treated her to tea upon arrival.
This list (http://www.travelandleisure.com/articles/worlds-best-business-hotels-2009/1) is below :
1. Palacio Duhau-Park Hyatt, Buenos Aires
2. Shangri-La's Far Eastern Plaza Hotel, Taipei
3. St. Regis, Shanghai
4. XV Beacon, Boston
5. Four Seasons Hotel, Hong Kong
6. The London West Hollywood, West Hollywood
7. Eliot Hotel, Boston
8. Rosewood Mansion on Turtle Creek, Dallas
9. Sofitel Shanghai Jin Jiang Oriental Pudong, Shangai
10. Mandarin Oriental, Hong Kong
11. Peninsula Hong Kong, Hong Kong
12. Pudong Shangri-La, Shanghai
13. Omni Mandalay Hotel at Las Colinas, Dallas
14. Intercontinental Buckhead, Atlanta
15. St Regis, Beijing
16. Peninsula Beverly Hills, Beverly Hills
17. Mandarin Oriental, New York
18. Conrad Centennial, Singapore
19. Four Seasons Hotel, Buenos Aires
20. Ritz-Carlton Central Park, New York.

Nitika
PGDM-3rd sem
sec-B.

Saturday, November 28, 2009

Computer crash hits start of CAT exam

A computer crash in an unspecified number of centres in six cities marred the start of the Common Admission Test (CAT) that determines admission to over 100 business and management schools, a leading coaching centre said.
The crash occurred soon after the CAT examination began in Chennai, Kolkata, Bhopal, Bangalore, Mumbai and Pune, affecting a large number of the 240,000 set to appear in the staggered test until Dec 7.
'We got calls from students in six cities saying they were not able to give the test because the computer system crashed. The students have been told they can take another time slot,' Ulhas Vairagkar, director of the TIME institute, a preparatory school for IIM aspirants, told IANS.
The reason for the crash is unclear, Vairagkar said.
It was the first time the CAT was conducted across India on computers -- as opposed optical reading marker. The Indian Institutes of Management, which conduct the exam, said they would comment later. It was not clear how many students were affected Saturday.
An American firm, Prometric, which has developed the computer system for CAT, said it would be able to assess what went wrong only by around 2 p.m.
Around 50,000 students are to appear for the exam in Delhi over a 10-day period. The test is scheduled in 32 cities at 105 centres, all connected to a main server.
IIMs and Prometric had issued a disclaimer to all the students appearing for the exam to refrain from discussing the new format and questions till Dec 7 when the exam schedule ends.
Last year, nearly 276,000 students across India took the test. Several experts told IANS earlier that the fall in registrations this year was due to CAT going hi-tech.
CAT exam assesses quantitative, logical, verbal and data interpretation ability of students.
CAT scores determine entry to the IIMs in Ahmedabad, Bangalore, Kolkata, Indore, Lucknow, Kozhikode and Shillong as well as the Management Development Institute in Gurgaon, Institute of Management Training in Ghaziabad, Mudra Institute of Communications in Ahmedabad and Welingkar Institute of Management Development and Research in Mumbai.
Nitika
PGDM-3rd sem
sec-B

Wednesday, November 25, 2009

Hey guys I've prepared a list of CEO of major Indian companies..check it out


Company-CEO/Chairman
ADAE-Anil Ambani

Air Deccan -GR Gopinath
Apollo Tyres-Neeraj Kanwar
Ashok Leyland-R Seshasayee
Asian Paints-Ashwin Dani
AV Birla Group-Kumar Mangalam Birla
AZB Partners-Zia Mody
Bajaj Auto-Rahul Bajaj
Bank of Baroda-MD Mallya
Bharat Forge-BN Kalyani
Bharat Petroleum-Ashok Sinha
Bharti Enterprises-Sunil Mittal
Biocon-Kiran Mazumdar Shaw
Birla Corp-RS Lodha
Bombay Dyeing-Jeh & Ness Wadia
Britannia-Vinita Bali
BSNL-AK Sinha
Cadbury India-Bharat Puri
Cipla-YK Hamied
Cromptom Greaves-Gautam Thapar
Dabur -VC Burman
Dr. Reddy's Labs-K Anji Reddy (Chairman)
Dr. Reddy's Labs-GV Prasad (CEO)
EID Parry -SM Datta
Essar Group-Shashi Ruia
GAIL-UD Choubey
Godrej Group-Adi Godrej
Gujarat Ambuja Cement -NS Sekhsaria, Suresh Neotia
HCL Technologies-Shiv Nadar (Chairman), Vineet Nayar (CEO)
HDFC-Deepak Parekh
Hero Group -Brij Mohal Lall Munjal
Hinduja Group-SP Hinduja
Hindustan Petroleum-Arun Balakrishnan
HSBC India -Naina Lal Kidwai
Hyundai India-BVR Subbu
ICICI Bank-Chanda Kochar
ICICI Prudential -Shikha Sharma
ICICI Ventures-Renuka Ramnath
Infosys Technologies-Nandan Nilekani * Narayan Murthy (co founder and chairman), Kris GopalKrishnan (CEO)
IOC-Sarthak Behuria
Ispat Industries-VK Mittal
ITC-Yogesh C Deveshwar
Jet Airways-Naresh Goyal
Kotak Mahindra Bank-Uday Kotak
Larsen & Toubro-AM Naik
Mahindra & Mahindra -Keshub Mahindra, Anand Mahindra
Maruti Udyog-RC Bhargava
Microsoft India-Ravi Venkatesan
Motorola India-FV Vandrewala
Nicholas Piramal-Ajay Piramal
Nirma-Karsanbhai Patel
ONGC-R.S. Sharma
Pantaloon Retail-Kishore Biyani
Pepsi Co. -Rajeev Bakshi

  1. Pesico- president -:- Indira nooyi
    Ranbaxy-Malvinder Singh Mohan
    Raymond-Gautam Singhania
    Reliance Industries-Mukesh Ambani
    Reserve Bank of India -Subbarao
    RPG Group-Harsh Goenka
    SAIL-SK Roongta
    Satyam Computers -Kiran Karnik(Chairman), A.S. Murthy (CEO)
    SEBI -Bhave
    Shoppers' Stop-BS Nagesh
    Standard Chartered-Jaspal Bindra
    Star TV India-Peter Mukerjea
    State Bank of India-OP Bhatt
    Tata Group-Ratan Tata
    Tata Steel -B Muthuraman
    TCS-S Ramadorai
    UB Group-Vijay Mallya
    Videocon Industries-Venugopal Dhoot
    Wipro-Azim Premji (Chairman), Girish Paranjpe & Suresh Vaswani (joint CEOs)
    Yes Bank-Rana Kapoor
    Zee Telefilms-Subhash Chandra
    Hindalco Industries-Kumar Mangalam Birla
    NTPC-R.S. Sharma
    Oracle Financial Services Software (i-flex)-Rajesh Hukku
    Spicejet-Sanjay Aggarwal.

Nitika

PGDM-3rd sem

sec-B

Tatas may launch electric Indica by early 2011

New Delhi, Nov. 24 With many automakers planning to launch eco-friendly vehicles for the domestic market, Tata Motors said on Tuesday that it may launch the electric version of the small car Indica in early 2011.

The company has been developing the car with Norway-based Miljøbil Grenland/Innovasjon, in which it has a 50.3 per cent stake. It plans to start a feasibility study for this in the next year and may launch the car simultaneously with the European launch.

“It will be available for India at around the same time as the global launch. It will be launched in Norway, Denmark and the UK in 12-14 months. We’re evaluating the option of an Indian launch, but are still not sure if the electric vehicles (EVs) are the best option for the country,” said Mr Prakash M Telang, Managing Director, India Operations, Tata Motors.

He further added that the main problem is the high cost attached to EVs, which is mainly because of the expensive batteries. “It will be 70-150 per cent more expensive depending on batteries. While lead acid batteries are not good enough, lithium-ion is too expensive. We have to look into the cost equation,” he said.

Responding to sales outlook for the remaining half of the fiscal, Mr Telang said that the shift from Bharat Stage III emission norms to Bharat Stage IV in April, may lead to good sales in the fourth quarter.
“There is optimism – I see good sales in the fourth quarter. In commercial vehicles (CVs), there may be pre-buying because of the change in emission norms. Even passenger cars may see better volumes, but not as much as CVs since price escalation will not be as much in them. This has been the experience in most countries across the globe,” he said.

Automakers and especially commercial vehicle manufacturers are expected to raise prices from April, because of the newer engines that companies will have to deploy on their vehicles in order to meet the new emission norms.

When asked about the status of the Nano’s Sanand plant, Mr Telang said that the company is producing around 3,000-4,000 units of the low-cast car a month at the Pantnagar facility and it will start the trial production at Sanand by the fourth quarter of the fiscal. The Sanand plant will have an initial annual capacity of 2.5 lakh units a year, which will later be increased to 3.5 lakh units. The Pantnagar plant mainly produces the light commercial vehicle (LCV) Ace.

“We’re striving between the Ace requirement and the Nano. The plant has a capacity to produce 1.5 lakh Ace LCVs a year,”
Nitika
PGDM-3rd sem
sec-B

Post-26/11, is India safer?

The BEST assessment is that the Government's strategy has broadly worked but there's no room for complacency. Home Minister Chidambaram gets a pat, but the threat remains and major systemic changes need to be carried out.

Aroon Purie, Editor-in-Chief, India Today:

Our first meeting was in March 2009 when the Board of Experts on Security Terror (BEST) was set up as a part of the India Today Group's campaign on the 'War on Terror' which was launched in the aftermath of 26/11. The idea was to keep our audience briefed with expert viewpoints on security and terror and what can be done. Our focus continues to be on the threat of cross-border terrorism and in the last 11 months, nothing major has happened as far as a terrorist attack is concerned. Is this our good fortune or has the government done something?

Meanwhile, other security and terror-related issues have come up. Naxal terror is now on top of the national agenda and we want to hear from you on how the Government should tackle it. We can't, of course, stop looking at Pakistan which seems to have its own internal problems but doesn't appear to be repentant for what it does to India and continues on its stubborn path. How we should tackle Pakistan remains an issue. Add to all this, of course, is tensions with China. We are keen to hear from you how India is dealing with China and what it really needs to do.

Raj Chengappa, Managing Editor, India Today:

In March, the BEST assessment was that the Government had totally failed to tackle the terror threat post-26/11. We are just a month away from the first anniversary of 26/11 and we need an assessment as to whether we have progressed, have there been any big shifts or as Aroon mentioned, are we just lucky that we haven't had a major cross-border terror attack?

Ved Marwah, Former Governor, Jharkhand:

A number of factors have helped in ensuring that we haven't had any major incidents since 26/11. Some credit for it goes to the Government and some to developments in Pakistan where the jihadis are busy fighting a battle for survival; India and Jammu and Kashmir is no longer on top of their agenda. If the Pakistan Army wins, we will have trouble and if the jihadis win, of course, we will have more trouble. P. Chidambaram taking over as the Union home minister has helped in creating a feeling of urgency in the security agencies-intelligence agencies, state police and paramilitary forces.

Certain legislative actions have been taken, the law has been tightened with the Prevention of Unlawful Activities Act and an investigative agency has been set up. But the Government should not be complacent. The danger is very much there and the moment things settle down in our neighbourhood, we will be a big target for the jihadis. The apparatus inside the country is there; it hasn't been identified or eliminated. This can be activated at an opportune moment. For that the Government still needs to do a number of steps. Among them is that the Government needs to give the National Anti-Terrorism Agency a mandate to keep an eye on developments within the country and in the world. It should analyse every incident and take steps to strengthen our preparedness. We need a comprehensive law which is understood by the investigative agencies, the prosecution and the courts. We need a broad national consensus among all political parties and they should not make political capital out of a terror incident.

Satish Nambiar, Former Deputy Chief of the Army Staff:

Last time we started on the premise that our focus should be on prevention. I have been articulating this for sometime and this is relevant. Now it's almost a year and we have not had a major strike. So let us credit the establishment. I would also like to see us evolve a pre-emptive strategy and develop a capability for pre-emptive strikes on terrorists dealing with the jihadi groups. This means that we have to find out where they are located and where their leadership is. If we have not done that then there is something seriously wrong. The Air Force has the capability to effect precision attacks. We must focus on developing it because we cannot wait for things to happen. We must pre-empt terror attacks.

Brahma Chellaney, Professor, Strategic Studies, Centre for Policy Studies:

There has been no terror attack for nearly 11 months but that doesn't mean that India is less vulnerable to terror attacks since we last met. The vulnerability level remains the same, but are we better prepared? Yes, we are better prepared not institutionally but at the level of Governmental response. It goes to show that if you put a professional in charge of a ministry he or she can make a difference. Ever since Chidambaram took over as the home minister, we have seen a conscious effort to revamp India's internal security policy.

He began from scratch and today knows exactly what is happening. Plus, he has put everybody under pressure. Every morning, he meets the heads of different agencies and the National Security Adviser (NSA). Therefore, for the first time there's coordination at the senior-most level. The prime minister has given him a blank cheque and doesn't interfere at all with the execution of Home Ministry policies and therefore suddenly you find there is a sea change in terms of management of India's internal security policy.

For the last three-and-a-half years, I have heard the prime minister periodically say that Naxalism is the biggest threat to India's security but there was no action. It was as if just waving the red flag was enough. But suddenly we have at least an effort, if not a strategy, to deal with Naxal violence. All this is happening at a personal level. What happens if the person is no longer there, there will be a slide back to where we were a year ago. It is remarkable that there hasn't been a single major terror attack in the last 11 months because we have ensured that 26/11 is not forgotten.

Even though we know at the policy-making level that Pakistan will not do anything about it, we have adopted a policy of throwing a dossier at them to keep them on the defensive. I was quite sceptical at the beginning of the wisdom of preparing a dossier and handing it to the sponsors of terrorism in India. So far, we have seen that these dossiers keep them off balance and remind Pakistan that as long as it would not act against the masterminds of the 26/11, there will be no normalisation of relations with India. Earlier, the Government had not shown this kind of will to stay on the course for more than few months. It came close to reversing the policy at Sharm el-Sheikh. But then stepped back. In a way a message has been sent to Pakistan that the onus is on them.

Ajit Kumar Doval, Former Director, Intelligence Bureau:

When you say, "Is India now better prepared to tackle terror attacks?" the terror threat has got to be seen in two areas. First, Pakistan and terrorist groups are entities, and second is the response that is the Indian state in its pro-active capability to prevent and to punish. The threat level has gone down-partly due to what is happening inside Pakistan; partly due to diplomatic pressure on Pakistan, partly what India has done diplomatically- playing its card in sustaining the pressure, calibrating it and not letting it be put on the backburner. Pakistan has come to some sort of an assessment that any covert action may probably incur an unacceptable cost.

It appeared that they are working on this assessment as was evident during former Pakistan NSA Major-General Mahmud Ali Durrani's recent visit. Institutional changes have not come up in a big way, except in building up an organisation for investigation. Chidambaram has been able to put the house in order. It is not that new capacity building has been done, but the existing capacity is now being used more optimally. In being pro-active, intelligence services have an important role to play. Our intelligence services too are performing and they have been much more effective than they were before.

G. Parthasarathy, Former High Commissioner to Pakistan:

India's ability to influence the real decisionmakers in Pakistan is limited. Your leverage with the Pakistan military is limited. The US, China and Saudi Arabia are the only countries which wield clout in the Pakistan military. Now, Saudi Arabia seems to be going along with what the Americans want. I think our effort to thwart Pakistan's attempt to bring Kashmir into the entire terrorist Afghanistan-Pakistan equation was imaginatively done. The focus, therefore, remained only on Afghanistan-Pakistan. The second point is that we are able to work with this system and get provisions in the Kerry-Lugar Act which for the first time singled out and conditioned aid to Pakistan to fund terrorism across its borders.

This was a conscious effort and the embassy and the ambassador deserve some credit for it. We have been able to influence one side, but also managed to move away from the initial pressure. We will have to find a mechanism at least on a back channel to engage the ISI. Whether or not to share intelligence is debatable, but we should spell out specifically what they should not do and what we mean by the infrastructure of terrorism. How that works out still remains to be seen. Pakistan has got its hands full on its western border and it may have to pay a heavier price if it repeats or even tries to repeat something like the 26/11. This message has been conveyed primarily because many citizens from other countries were affected by the terror strike and, most importantly, the Israelis too had their own impact.

This was the fall out of Mumbai. India derived a benefit and, in fact, it neutralised many things the previous government did like weeping about Pakistan being a victim of terrorism, joint terror mechanism and all such nonsense. If the Government shifts its focus with respect to Pakistan, to tell them about the price which they will have to pay and about what we mean by the terrorism infrastructure, it will be useful. Pakistan is in a very delicate situation and my hunch says that its army will run into a mess in Waziristan. There's a power struggle going on between the army and President Asif Ali Zardari.

If the army prevails, then they will be emboldened to look eastwards. If they don't, they could well be emboldened to divert attention and so under no circumstances should we let down our guard. Chidambaram has changed the ambience of the Government and the way it looks towards terrorism. In China's case though, its Government seems to have gone the other direction. Immediately after Mumbai, they welcomed Pakistan's Chairman of the Joint Chiefs of Staff General Tariq Majid and held out all sorts of goodies to him. The Saudis have been quiet apart from voting on Kashmir in the Organisation of the Islamic Conference.

Kapil Kak, Additional Director, Centre for Air Power Studies:

We are congratulating ourselves that nothing has happened in last 11 months. Let's reverse this. Nothing has happened as Pakistan is pre-occupied with its troubles on its western border. In the wake of 9/11, infiltration into J&K has virtually been reduced to a trickle, from 13 to less than one a day. Since Chidambaram took over as home minister, preparedness levels have been heightened but we have a long way to go. If there is an aerial attack, which has been feared and talked about, we are not prepared at all on the southern side which is very vulnerable as there are no radars to detect an aerial intrusion. Unless we get a homeland security kind of a template to prevent terror attacks, nothing much can be done. There has been a great deal of improvement on the intelligence side but I am not sure whether there has been an improvement in assessments. Situational awareness in managing terror now and in the next 10 or 15 years is crucial for any mechanism that would come in. I think it was a statesman-like act in not exercising the military option post-26/11. We have seen the rich dividends that philosophy has paid.

Yes, we have precision attack capabilities and have strengthened it competently and can deliver punishment precisely, but we also need to factor into our calculus that Pakistan is not going to let that attack or series of attacks go uncontested. Are we prepared to get into a limited war? I would much rather go the Chinese way. After the war with Vietnam, they tucked their tail between the legs and ran back to Beijing because they wanted to develop. We must follow the same strategy and keep in mind that strategic importance of India is its 9 per cent growth rate in the next 20 years.

Kiran Bedi, Former DG, Bureau of Police Research and Development:

We have more than a million policemen. I don't know whether any assessment has been made on their training, welfare or personnel policy. We invest nothing and have no objective assessments. I have not come across a single objective police assessment on police performance and their impact on us. The real intelligence, tackling of terror is actually done by the footsoldiers. I don't think that Chidambaram has reached the footsoldiers. Chidambaram has only reached the Central Police Organisations (CPOS). He has at least met the Intelligence Bureau (IB) chief and the NSA, but why didn't he meet the state DGPs? The BSF and CRPF should be a part of his meeting and he should start involving others CPOs.

I don't think the responses are truly corrective, they are still only reactive. I want to see Chidambaram grooming leadership. I doubt if he is doing it. I don't see impatience in him. We all have to be in a hurry to be good leaders. If Chidambaram says police is a state subject, it is not acceptable to me because he can groom leadership. Maybe our expectations from him are high.

There is a big difference in the way we are responding to this meeting and the last one; the last one was one of total helplessness. Today, we may be over the moon but we should not be satisfied. We expect Chidambaram to spread good practices, structures, systems, responses and human resource policies down the line.

Ajai Sahni, Executive Director, Centre for Conflict Studies:

I agree with Kiran. There is a tremendous change in ambience but it is essentially something on the surface. Basically, our expectations are too high. Our standards have fallen so low that we are delighted with anybody doing anything. India is the only country in the world which idolises people for doing their jobs. What has been done in terms of real capacity transformation? Yes, there has been some additional efficiency in utilisation of existing capacities. In certain sectors, intelligence is one of the critical areas, the Central agencies have also been geared up to start trying to coordinate with the state agencies.

Are we better prepared? Chidambaram's answer was "we are as vulnerable as we were on 26/11". It would be wonderful if he becomes the home minister of India and not just of the Centre. It's not his job. He can't be running police stations at the ground level. Yes, he can coordinate better and create a better ambience, but he can't be running the security apparatus of the whole country. I am not an admirer of his predecessor Shivraj Patil but it was completely nonsensical to say Patil must go because there has been a terror attack in Mumbai. Protecting Mumbai is the job of the Mumbai Police, in coordination with the other agencies. Is the Mumbai police better off today? The National Security Guards (NSG) and Force One of the Mumbai Police have been allocated land which has been encroached by a builder and a slum colony.

One can meet all the DGs in the country but are the DGs running a police force that can be effective? No. Orissa has a sanctioned strength of 207 IPS cadres. It has 84 officers in place. There are 30-40 per cent capacity deficits in leadership at different levels in the state police forces. You can coordinate all you like and pass any law in the country but who will implement this law? You can do nothing with 1.2 judges per lakh population when worldwide, it is between 11 and 39. A police force can't do its job efficiently because it doesn't have the capacity to do so. The IB has improved tremendously, in terms of coordination, but what about capacity building? There is, moreover, a certain critical mass below which no augmentation is going to diminish our vulnerabilities. See the training of police forces: raw recruits are being thrown into special operations groups after 13 weeks of training.

Chidambaram is doing a good job but it is not his exclusive job to protect India. The rest of the system is still dysfunctional and the accumulated capacity deficits are so great and the rate of redressal so slow that Chidambaram's efforts will soon be overtaken by challenges. You can celebrate 11 months without any terror incident but it has nothing to do with any response that we have put in place; the critical mass is simply not there to alter the quantum of threat we are confronted with. We are just as vulnerable today as we were before.

V.K. Datta, Former DDG MO (Special Operations):

Let's not be lulled into complacency because nothing has happened since 26/11. We have been lucky and the luck is due to circumstances that Pakistan is facing now. The demon has not gone away, only his attention has been diverted. What we must examine is that after 26/11, it was for the first time that we were able to actually prove to the international community that Pakistan is a rogue nation. The cumulative pressure of the whole episode of producing evidences and handing over a dossier of these to Pakistan, has put them on guard. It is not non-state actors like the Lashkar-e-Toiba (LeT) or the Hizbul Mujahideen which are attacking us, but it is the Pakistan Army and the ISI. If we wonder why Hafiz Saeed is not being hanged, it is because he is being run by the Pakistan army and they will not harm him irrespective of the government in power.

We created more NSG hubs. If a terror attack were to take place in Hyderabad, how much time will the NSG hub there take to intervene in the city's outskirts? In Hyderabad's traffic, it takes a minimum of an hourand-a-half to move. Has the commander on the ground in that metro been given the mandate to move his force immediately, the moment the state police chief asks or is he still going to seek clearances from the Centre, the Home Ministry and from the director-general of the NSG. If you don't have this response mechanism properly organised, we will find a time lag in our response. A terror attack should have an immediate response from the NSG team in the metro and the mandate should be given to that officer immediately.

Can 26/11 happen again? Yes, any time. Our responses may be better. When we talk about our crisis and a disaster, we always propagate prevention. Prevention involves intelligence and pre-emptive strikes on terror modules before they can strike. We have not improved our preventive capability but our response time to a strike has improved from two hours to half-an-hour. But we will take a long time as there is no equipment, finances are short and motivation depends on individual personalities.

Amitabh Mattoo, Professor, International Politics, JNU:

The proof of the pudding is in the eating. We haven't had a major terrorist attack since 26/11. Some things have changed. What is happening inside Pakistan makes it difficult or costly for elements there to mount the kind of attacks they did last year. Then there is turmoil whether as a result of our pressure, international diplomacy or from internal elements in Pakistan. We need to be cautiously optimistic as we have always been but the fact is that changes have happened in the NSG hubs, the NIA and the IB. There has been more coordination. Chidambaram is right but let's not forget the prime minister, who has given him the leeway, freedom and carte blanche. It's a combination of personalities, policies and systemic factors.

Kashmir is Ground Zero. For Pakistan, it still remains a central issue. And a deeply emotive one whether we recognise it or not. Even now, Kashmir remains a deeply passionate issue which when provoked can create the most virulent ideologies prevalent in Pakistan. I feel that there is a moment of opportunity even on the Kashmir issue because you had the most inclusive elections in J & amp;K which have brought a large section of the state in favour of certain accommodation with New Delhi. I am not one of those who believe that Sharm el-Sheikh was a disaster. Even today, Pakistan is in turmoil and requires a multiplicity of engagements. You need an engagement with the LeT, of the kind that Doval or Datta might be capable of or have the capacity to deal with, but you need a diplomacy to deal with both civil society actors and actors that you might want to strengthen.
Nitika
PGDM-3rd sem
sec-B

Tuesday, November 24, 2009

Film piracy funding terror in India: Moser Baer chief

The film piracy industry in India is worth Rs.1,500 crore and its profits are being used to fund terrorism in the country, a top official of CD-DVD manufacturer Moser Baer said Tuesday.
'The piracy industry in India is Rs.1,500 crore and much of it goes to funding terror,' Moser Baer India chief executive Harish Dayani told IANS.
Dayani, while attending a Confederation of Indian Industry (CII) conference here, said the US-based think-tank Rand Corp had warned in March this year that film pirates would fund terror activities in large scale in the future.
The CII conference on film finance attracted several people from the industry, who were in Panaji to attend the ongoing International Film Festival of India (IFFI).
The 40th edition of IFFI started here Monday and will screen nearly 300 films from almost 50 countries during the 11-day event.
Dayani said film pirates sold nearly 80 million DVDs each year in India.
'Rising piracy and the emergence of DVD technology have shrunk the average cost of movie viewing for an Indian family to Rs.3.'
Nearly 40 million families in India have access to DVD technology and film pirates sell nearly 80 million DVDs each year.
'The rate for each pirated DVD is Rs.25 and the cost of a raw DVD is a mere Rs.11 to Rs.12. Imagine the profits they are reaping in,' Dayani said, adding that Moser Baer was forced to come up with a 'revolutionary pricing strategy' to popularise film CDs and DVDs in the face of piracy.
'When we first announced that we would sell movie CDs and DVDs for $1 some years ago, the US production houses scoffed at us. They were selling the same product for $20. But look at the scenario today. Walmart has started selling 'Casino Royale' DVDs for $2. Moser Baer's pricing logic has worked,' Dayani said.
Piracy is weaning away around 50 lakh potential viewers from the movie theatres by giving them cheaper options, he added.
According to Dayani, the effect of piracy is three-pronged.
'First, it affects the flow of patrons to cinema halls. It cuts down on revenue coming in from home video. Piracy also drops TRP (television rating points) as far as cinema broadcast from satellite is concerned.
Nitika

PGDM-3rd sem

sec-B

Twitter eyes acquisitions, sees making money in 2010

Micro-blogging site Twitter is interested in making more acquisitions as it continues to grow in popularity, co-founder Biz Stone said on Tuesday.
"That is something we are definitely interested in," Stone told a news conference in Tel Aviv. "We made an acquistion last year that turned out to be an outstandingly good decision."
He said there was nothing specific on the horizon.
"As our attention is grabbed by some of these developers, we will take a hard look at them," Stone said.
Twitter bought search engine Summize in 2008.
Stone said Twitter will "start making money" in 2010 as it unveils a plan early next year on how it will produce revenue through advertising. He declined to give details but said advertising will be "non-traditional".
"There are no dates when we need to break even. We have plenty of money in the bank," he said.
In September, Twitter received a new round of funding from investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners, which analysts said set the stage for an eventual initial public offering or sale.

Nitika
PGDM-3rd sem
sec-B

Sunday, November 22, 2009

"Big Bang" experiment advancing fast

After a year's delay, scientists at the world's biggest accelerator have restarted an experiment to recreate "Big Bang" conditions that had sparked suggestions the earth would be sucked in by millions of black holes.
Scientists at the European Organisation for Nuclear Research (CERN) have established circulating particle beams in both directions in the underground Large Hadron Collider, a step that is already beyond where the experiment stalled during a first attempt in September 2008, CERN spokesman James Gillies said.
The high-profile experiment, through which tiny particles are smashed in a bid to learn more about the birth of the universe, failed just nine days after it was launched due to a technical problem that took longer than expected to fix.
"We are further advanced now than where we were after five days of experiment last year," said CERN's Director for Accelerators Steve Myers, saying the extra year had allowed researchers to upgrade instrumentations and computer software.
Myers added that researchers had increased the sensitivity of the protections at the 10 billion Swiss franc ($9.82 billion) collider under the French-Swiss border.
"If anything happens, we would not have the same amount of damage we had last year," he said.
CERN, a 55-year-old organisation that counts 10,000 scientists and technicians worldwide working on its research projects, has vigorously rebuffed any suggestion the ground-breaking experiment would cause the world to end.
CERN's Director General Rolf Heuer said getting the experiment re-started had been an "herculean effort".
"We've still got some way to go before physics can begin, but with this milestone we're well on the way," he said.
If things continue to progress at this speed, scientists may be able to accelerate particles at the highest energy level ever tested before Christmas, although high-energy collisions that may shed light on the secrets of the universe would only happen in the new year, Myers said.
The experiment will be fully under way when the particle beams will be smashed at high energy levels. This will most likely happen in January.
The next important step in the experiment will be low-energy collisions, expected in about a week from now.

Nitika
PGDM-3rd sem
sec-B

Saturday, November 21, 2009

India's billionaire list doubles

Fri, Nov 20 05:31 AM
Reliance Industries chairman Mukesh Ambani is once again the wealthiest person in India. The net worth of the promoter of the largest listed Indian company is put at $32 billion, an increase of 54 per cent from nearly $21 billion last year, according to a Forbes report.
"Trailing behind him are Lakshmi Mittal (Arcelor Mittal) with a net worth of $30 billion, up 46 per cent from $20.5 billion, and Mukesh's estranged brother, Anil Ambani, whose net worth of $17.5 billion, 40 per cent, higher than before, put him in third place," it said. A rebounding stock market that gained two-thirds in the past year and an economy growing at 6 per cent have boosted the net worth of India's richest people. The combined net worth of India's 100 richest people is $276 billion, almost a quarter of the country's GDP.
"Last year, there were only 27 billionaires on the India Rich List. This year, the number has almost doubled to 52, just two short of what India had at the peak of the stock market boom in 2007," according to the Forbes report.
Though the top 10 positions remain largely unchanged, there are some shifts in fortunes across the list. Sunil Mittal, chairman of Bharti Airtel, has moved down from Number 4 to Number 8 and Wipro chairman Azim Premji has moved up to Number 4 position.
"The Ruia brothers (Essar group) with a net worth of $13.6 billion have made it to number 5 this year. Adi Godrej has moved out of the top 10 to the number 12 position. Savitri Jindal, nonexecutive chairwoman of O P Jindal Group, at a net worth of $12 billion this year has made it to number 7 on the list she is one of only six women on the list," the Forbes report said.
The richest newcomers are two brothers from Torrent Power - Sudhir and Samir Mehta, ranked 23 at $2.02 billion. Another notable mention is Nandan Nilekani who has stepped down from Infosys board and is now a part of government. He ranks 43 with a net worth of $1.25 billion. Southern India's TV king Kalanithi Maran, ranked 20, almost doubled his net worth to $2.3 billion from $1.2 billion.
Nitika
PGDM-3rd sem
sec-B

Bharti slashes mobile roaming charges, shares fall


Bharti Airtel launched yet another new billing plan on Friday, slashing mobile roaming rates by nearly 60 percent and signalling a tariff war in the world's fastest-growing wireless market was far from over.The announcement accelerated losses in the shares of Bharti, the country's top mobile operator. The stock fell as much as 3.3 percent but trimmed losses to 2.7 percent at 284.90 rupees by 0825 GMT in a Mumbai market that was up 0.3 percent.
The price war, aimed at grabbing new users ahead of fresh entrants waiting in the wings, has raised concerns about telecom firms' profitability. Four new firms, including ventures funded by Telenor and Etisalat, are set to start services this year adding to the existing 11 operators.
Bharti's market value has slumped more than a fifth this year to about $24 billion and its stock is the second worst performer in the main index that has risen about 72 percent. Rival Reliance Communications has fallen about a quarter in 2009.
Bharti, whose about 115 million users account for more than 23 percent of India's total mobile subscribers, in September cut call charges within its own network to 50 paise (U.S. 1 cent) a minute and in October launched a low-profit per-second billing plan, reacting to competition.
Tata Teleservices, the No. 6 operator, was the first to launch per-second billing, deviating from the industry norm of per-minute billing. The offer was a roaring success and the firm has topped the new signings for three months in a row.
Bharti's latest offer will allow users to recieve calls at 60 paise a minute while roaming, and they can make calls at 60 paise a minute within the Airtel network and at 80 paise a minute for calls to rival networks.
Analysts say Bharti still charges about 8-10 percent higher than Reliance's call prices.
Bharti has said it would be competitive in pricing but had no intention to match the lowest price in the market.
Nitika
PGDM-3rd sem
sec-B

Thursday, November 19, 2009

First women combatants to be inducted by Indian Navy

Kochi (Kerala), Nov.19 (ANI): Indian Navy is once again poised to create history by inducting two women combatants into its combat arm, which is happening for the first time in the Indian Armed Forces.
Sub-Lieutenants Ambica Hooda of Haryana and Seema Rani Sharma of Uttar Pradesh who will be observers, who are airborne tacticians, on the Indian Navy's multi-role Dornier aircraft, used for transportation and aerial surveillance will be awarded wings by the Indian Navy in a passing out ceremony.
Both are part of the four member officers of the First short service commission observer course out of the total ten officers passing out of 70th abintio Observer Course in Kochi base.
According to Indian Navy's press release the passing out parade of the four officers will be held at Southern Naval Command in Kochi on 20th November.
The Passing Out Parade, to be reviewed by Rear Admiral Sudhir Pillai, Flag Officer Naval Aviation.
This would be a special occasion as this is the first time that the Navy is inducting ladies into a combat arm. Observers are airborne tacticians who conduct operations, in a military aircraft.
Hooda and Sharma, both 22-years old, completed a 16 month course at the Naval Academy at Mandovi in Goa and other professional schools of the Indian Navy before landing up at the Observer School at INS Garuda in Kochi.

Nitika
PGDM-3rd sem
sec-B

Wednesday, November 18, 2009

Hyundai to launch new small car

Hyundai Motor India has said that it will continue to be aggressive with its product launches to protect and grow its market share, in the face of increasing launches in the compact car space in the country.

The company’s newly-appointed Managing Director and CEO, Han Woo Park, and Senior Vice-President – Marketing and Sales, Arvind Saxena, said at a press conference here on Tuesday that the company had always been aggressive in introducing products and that it would continue to do that.


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Hyundai Motor India, Park said, would cover more parts of the country with its dealer network and strengthen its brands. Key to its strategy to grow in the domestic market would be the launch of a car smaller than the Santro, Hyundai’s best-selling entry-level compact car that is now being developed in Korea. The car would be smaller than the Santro in terms of engine displacement and priced lower too, Park said.

Saxena, however, added that the new car would not be a Nano.

Hyundai Motor India sees a pick up in exports relative to last year. The company expects to end the year with exports of 2.70 lakh cars compared with 2.45 lakh cars last year, according to Saxena.

“There is a pick up in fundamental demand,” he said, drawing a contrast with the demand spurred by reduction in excise duty for cars that was announced last December as part of government’s stimulus package.

India, however, remains a major small car market. Small cars constitute 78% of the market.He said there was no firm decision as yet on whether and when to shift production of the i20 cars to another manufacturing facility, perhaps the one in Turkey. At present, the i20s are made at Chennai. The thinking towards the shift was triggered by a number of factors such as proximity to Europe, fiscal benefits that come when Turkey joins the European Union and labour unrest in Hyundai’s Sriperumbudur (Chennai) plant.

Park told the press conference that he expects no labour-related issues to trouble the company. He said that a wage agreement, valid for the next three years, has been signed and a majority of the (1,650) workers are on board.

However, only a ‘minority group’ is creating problems, Park said. He said that while he would keep open all channels of communication with the group, there will be no compromise with the group. Park said that a majority of workers were hardworking people and he would “protect their interests”.

Saxena said the company would showcase the Genesis, its mid-size premium car in the US, at the Delhi auto expo in January, besides other products. Hyundai Motor India did not plan to launch the car in India.
Nitika
PGDM-3rd sem
sec-B

How To Handle Recession Job Stress

The office grapevine is rife with rumors of yet more layoffs. Your workload has increased exponentially. Since your office confidante got axed in the last bloodbath, you can't call her up and complain. And your new supervisor expects you to meet a crushing deadline by month's end.

American workers have never had to cope with so much anxiety and confusion on the job. "Everybody is as stressed as I've ever seen," reports Joan Kane, a Manhattan psychologist who has worked as a therapist for 22 years. "The stress level is off the charts."

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Is there any way to stay calm amid the chaos?

According to Kane, the usual therapeutic approaches do not apply right now. "In therapy, we try to help patients discover who they really are," she explains. "In this environment, it's more helpful to not necessarily be your authentic self." Instead, she says, you need to show that you can adapt. "Even if things are horrible and morale is low, you do not want to go in and say so to your boss. Instead you want to describe how what you're doing is positive and talk about what you've created and why you're successful."

An added challenge is wondering whether your boss will survive the next round of cuts. "You have to try to be strategic about whom you please," Kane says.

Many workers whose central focus in life was their job have had to set their sights elsewhere. Patients who complained about their work for years are suddenly clamming up. "They feel they have no right to complain, because they've got a job," says Paul Browde, a New York psychiatrist. "Underneath, they are more stressed than ever before. It's like living with a continual chronic stress disorder." Many shift their conflicts to the home front. "People are starting to have marital and health issues," Browde observes.

Browde encourages his patients to be aware of their anxiety. Know that eventually this phase must pass. Meanwhile, find time for relaxation and exercise, even if you must engage in a shorter than optimal routine. "Even if it's just five minutes of relaxation exercises a day, it's important," he counsels.

Billie A. Pivnick, a psychologist who teaches in the clinical psychology doctoral program at Columbia University's Teachers College, breaks stress responses into categories, depending on personality type. There are people who get overwhelmed and then withdraw, logging multiple sick days and absences. There are others who manically dive into workaholic mode while displaying irritability and picking fights with their colleagues.

Some freeze as though caught between the impulses of fight and flight. "Those are the folks who wind up getting into trouble with substance abuse, sex on the job or other inappropriate things that make them less functional," says Pivnick, who designed a pioneering stress management program for cardiac rehab patients back in the 1970s.

A fourth category includes the most well-adjusted people, who exhibit what Pivnick calls a "secure response." They hang back for a moment and assess the situation before moving forward in a judicious way.

Pivnick suggests different coping techniques for each personality type. People with a tendency to withdraw should find an exercise routine that keeps them active. For manic workaholics, Pivnick prescribes deep breathing, meditation and diverting their attention from work by socializing or going to movies. "Those people need a life," she says. For those who freeze, it's important to find a mentor or attachment figure at work who can help them move forward.

Dorothy Cantor, a psychologist in Westfield, N.J., says that beleaguered workers should realize that it's normal to feel anxious at times like these. "Don't add to your own discomfort and anxiety by being self-critical," says Cantor. "Too many people pathologize what they're feeling. You just have to tolerate it. Time will heal it.
Nitika
PGDM-3rd sem
sec-B

Tuesday, November 17, 2009

Customizing electric cars for cost-effective urban commuting

Researchers at Carnegie Mellon University's Robotics Institute have come up with a novel approach of customizing electric cars for cost-effective commuting.
The project named ChargeCar led by Illah Nourbakhsh, associate professor of robotics, is exploring how electric vehicles can be customized to cost-effectively meet an individual's specific commuting needs.
It is also examining how an electric vehicle's efficiency can be boosted and its battery life extended by using artificial intelligence to manage power.
The researchers have successfully converted 2001 Scion xB into an electric commuter vehicle that will serve as a test bed for a new community-based approach to electric vehicle design, conversion and operations.
"Most electric cars today are being designed with top-down engineering to match the performance of gas-powered cars," Nourbakhsh said.
"Our goal is to revolutionize urban commuting by taking a different approach - by first analysing the needs, conditions and habits of the daily commutes of actual people and then using this 'commute ecology' to develop electric vehicles suited to each unique commute," Nourbakhsh added.
The key to the project is a vehicle architecture called smart power management, which uses artificial intelligence to manage the flow of power between conventional electric car batteries and a device called a supercapacitor.
Supercapacitors are electrochemical capacitors with unusually high energy density and have typically been used to start locomotives, tanks and diesel trucks.
Because it can store and rapidly release large amounts of electrical power, a supercapacitor can serve as a buffer between the battery pack and the vehicle's electric motors, improving the vehicle's responsiveness while reducing the charge/discharge cycling that shortens battery life.
"Many people have talked about using supercapacitors as buffers on a battery, but we also will use artificial intelligence to manage how power is discharged and stored," Nourbakhsh said.
"Based on a driver's route and habits, the smart power management system will decide whether to draw power for the electric motors from the batteries or the supercapacitor and decide where to store electricity produced by the regenerative braking system as the car slows down or goes down a hill," he added.
The researchers have calculated that an intelligent electric car controller could recapture 48 percent of the energy during braking and that a supercapacitor could reduce 56 percent of the load on the batteries and reduce heating of the batteries - which shortens battery life - by 53 percent.

Nitika
PGDM-3rd sem
sec-B

An awesome way to browse easy

Firefox 3.5 includes a useful feature called the Awesome Bar that helps you quickly navigate to previously visited websites without having to type the full address of that site in the address bar of the browser. For instance, let's say you searched for "match scores" on Google a few days back and want to repeat that same search today. If you are using an older browser, you will have to type the whole search phrase in the Google box and hit enter. But with Firefox 3.5, you can simply type a few letters - like "ma sc" - in the address bar and it will automatically show you a drop-down list of matching web pages from your browser history and bookmarks that contain those words, either in the title or the address (URL). Only for your eyes
So Firefox's Awesome Bar saves a lot of time and effort. However, some people may be wary of upgrading to Firefox 3.5 worrying that this feature might reveal their embarrassing Google search queries and visits to other inappropriate Websites. Luckily, there's an option to turn that off. Go to Firefox Tools > Options > Privacy > Location Bar and select either "Bookmarks" or "Nothing" from the option that says "When using the location bar, suggest:".

Nitika
PGDM-3rd sem
sec-B

Out of recession India, China leading Asia out of global downturn

Asia is emerging from the global economic crisis sooner and stronger than any other region, according to a top International Monetary Fund (IMF) official.
Measured from peak to trough, real GDP has fallen by nearly 4 percent in the United States, but it fell by more than 8 percent in Japan and by about 7 percent in emerging Asia, excluding China, India and Indonesia, the First Deputy Managing Director of IMF, John Lipsky noted Tuesday.
'Fortunately, the global economy has begun to pull out of recession, and Asia looks set to emerge from the downturn both sooner and stronger than any other region,' he said at the Federal Reserve Bank of San Francisco Conference in Santa Barbara.
The IMF's latest World Economic Outlook forecasts global economic contraction of about one percent this year and expansion of around 3 percent next year.
At the same time, Asia is expected to grow by 2.75 percent this year and by 5.75 percent in 2010.
'Strikingly, the three fastest growing economies in the G-20 are all from Asia - China, India and Indonesia - with China projected to grow 8.5 percent, India 5.5 percent and Indonesia 4 percent this year,' Lipsky said.
Some Asian countries - particularly advanced and export-dependent economies that have experienced a relatively large cyclical weakening of their fiscal positions - are planning to withdraw fiscal stimulus over the course of 2010 in response to the signs of recovery, he said.
'However, these plans should proceed cautiously until the recovery seems assured,' Lipsky suggested.
At the same time, fiscal credibility could be enhanced by announcing concrete medium-term consolidation plans. Such plans will be particularly relevant for those countries starting from relatively high debt levels, including Japan, India, and Malaysia, he said.
With the recovery still tentative, inflation risks currently low, and limited asset price increases so far, a near-term tightening of monetary policy would be premature for most countries, Lipsky said.But there are a few exceptions where action may be appropriate sooner then elsewhere, Lipsky said noting that in India, core inflation and inflation expectations are rising as industrial production has recovered rapidly.And in China, growth is accelerating and the extraordinary pace of loan growth in the first half of 2009 raises the risk of future loan quality problems.

Nitika
PGDM-3rd sem
sec-B

India aims to attract 50 billion dollars FDI per year from 2012

New Delhi, Nov 17(ANI): Union Commerce and Industry Minister Anand Sharma on Tuesday said that the country would be able to attract 50 billion dollars Foreign Direct Investment (FDI) annually from 2012.
Addressing the media on the sidelines of the state industries ministers meeting in the national capital, Sharma said that the Government is creating an investor friendly environment to attract more FDI.
"We are creating the investor friendly environment bringing about a greater degree of uniformity, predictability and rationalization across the country. We hope that we will be able to attract 50 billion dollars annually," Sharma said.
"India is a big country, it can absorb that and let us not forget that the projections of the next one decade for Indian infrastructure alone, is absorbing investments of one and a half trillion dollars. So, what I have said are very conservative numbers," he added.
Sharma further said that in order to take the growth to double digits, more FDI is required.
"I am talking of 2012, if we have to take a growth to double digit, if we have to meet our objectives, we need to attract more FDI," he added.
Between April and September, the first half of the 2009/10 fiscal year, FDI was in excess of 15 billion dollars and portfolio investments were almost the same.
The influx of foreign funds is also pushing up the rupee. The Reserve Bank of India has said if it raised interest rates ahead of other central banks, that there was a risk that it could attract more inflows and complicate policymaking.
India's economy expanded by 6.7 percent in 2008-09, after growing at 9 percent or more in the previous three years. And, it also remains an attractive destination for foreign investments.
As per the World Bank's reports, the returns on investment made in India are the highest in the world.
Nitika
PGDM-3rd sem
sec-B

Fiat India to roll out CNG-run car next year

Fiat India plans to launch its first compressed natural gas (CNG)-run car for the domestic market in the April-June quarter of 2010, a top company official said here Tuesday.'We are working on a few CNG models. The first one will be rolled out in the second quarter next year,' the company's president and chief executive Rajeev Kapoor said at a press meet. However, Kapoor declined to divulge any details on the models under consideration.'CNG is ultimately going to be a fuel for most commercial applications,' he said, explaining the rationale behind the move, adding: 'The technology is available with Fiat.'
Among other plans, he said the company was also working on an India-specific small car. 'The car will be launched in 2011.

Nitika
PGDM-3rd sem
sec-B