The IMF has approved proposals that will lead to a major overhaul of the Fund's quotas and governance, putting India among the top 10 members. The 10 largest members will now consist of the US, Japan, BRICs (Brazil, China, India, Russia), and four largest European countries (France, Germany, Italy, UK). The changes are aimed to take effect by October 2012. Google Maps has been embroiled in a border dispute between Nicaragua and Costa Rica after a Nicaraguan commander cited its version of the border map to justify a raid on disputed Costa Rican territory. Costa Rica has asked the OAS to investigate alleged violations of its territory. Wealth managers see little potential remaining in gold as

2. Obama announces $10 bn worth Indo-US trade deals
Obama rejects view of India as 'land of call centres'
Obama visits Mani Bhavan, says Gandhi, a hero for entire world
Obama in India
Obama comes job hunting in India

3. IMF quota overhaul puts India in top 10 members
The Int. Monetary Fund has approved proposals that will lead to a major overhaul of
the Fund's quotas and governance, and would put India among top 10 members.
The 10 largest members of the Fund will now consist of the US , Japan , the BRICs
(Brazil, China , India, Russia), and the four largest European countries (France,
Germany, Italy, the United Kingdom).
The Executive Board of IMF also endorsed a timeline that calls for the quota
increase and realignments to take effect by the annual meetings of October 2012,
and Executive Board reforms to be implemented no later than the subsequent
Executive Board election, which is scheduled in late 2012.

4. Google Maps blamed in border dispute
Google Maps has been embroiled in a Central American border dispute that saw two
neighboring countries dispatch troops and heavily armed police to their joint border.
The Internet search giant stepped into the fray after a Nicaraguan commander cited
Google's version of the border map in an interview with Costa Rican newspaper La
Nacion to justify a raid on a disputed area of Costa Rica.
The area is hotly disputed by the two neighbors, and Costa Rica has asked the
Organization of American States (OAS) to investigate the alleged violations of its
territory and intervene in the matter. OAS Secretary General Jose Manuel Insulza is
touring both countries in a bid to mediate the dispute.

5. Wealth experts see little shine left in gold
After a year of record demand, gold is getting tepid reviews from top US wealth managers
who say it is no longer the safe haven it was at the peak of the financial crisis. As investors
soured on stocks and bonds and worried that government stimulus spending would fuel
inflation, they queued in scores to stock up on gold. Whether physical bullion or
derivatives, gold was deemed safe and the closest alternative to sticking cash under the
mattress.
As the economy recovers, financial advisers are weaning the rich from their gold and
other low-return assets in favour of higher-yielding investments, to “get the money from
under the mattress and working again,” said Robert McCann , chief of UBS Wealth
Management Americas .

6. Dell moving BlackBerry employees
to smart phone
Dell Inc. will shift thousands of its employees off Research in Motion Ltd's
BlackBerry and over to Dell's smartphones
Dell is also launching an effort to convince its business customers to switch to the
company's smartphone.
Dell's BlackBerry users will be shifted over to use the new Dell Venue Pro, which
runs on Microsoft's new Windows Phone 7 software and operates on the network
of T-Mobile USA, the U.S. arm of Deutsche Telekom AG.