IMF quota overhaul puts India
in top 10 members
 Lead to a major overhaul of the Fund's quotas and
governance.
 Consist ...
US not trying to 'single out'
Indian IT cos: Locke
 The US government had decided increase the visa fee
to raise an addit...
Obama arrives on 3-day visit to
India; 18 announcements likely
 Obama, the sixth US President to visit India
and the thir...
US business chiefs see Obama
trade boost in India
 There are strong rumours that very archaic export
control system that ...
My stay at Taj is powerful
message against terror: Obama
 Paying homage to the victims of 26/11
attacks.
 Taj is a symbo...
Gold coin sales boom for India's
post office
 Sold more than a half-tonne of gold coins in the
last two years.
 India is...
Contd…
 The World Gold Council (WGC) expects 2010
imports to breach the 800 tonne-mark, surpassing
the record 770 tonnes ...
THANKS
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Weekly news

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Weekly news

  1. 1. IMF quota overhaul puts India in top 10 members  Lead to a major overhaul of the Fund's quotas and governance.  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.  A shift of more than 6% of quota shares to dynamic emerging market and developing countries & more than 6% from over-represented to under-represented countries.
  2. 2. US not trying to 'single out' Indian IT cos: Locke  The US government had decided increase the visa fee to raise an additional $600 million to beef up border security.  US President Barack Obama will meet the Indian business leaders during his three-day visit.  If other US states would follow Ohio's ban on outsourcing work to foreign companies, India had been affected as it was not a signatory to the Government Procurement Agreement (GPA) under the WTO.  The GPA is a pact that deals with the issues relating to government purchases.
  3. 3. Obama arrives on 3-day visit to India; 18 announcements likely  Obama, the sixth US President to visit India and the third in 10 years.  President intends to be "a full embrace of India's rise, a way to develop and deepen the broadest possible relationship with India as a cornerstone of our Asia policy."  The Presidential couple was warmly received by Maharashtra Chief Minister Ashok Chavan , Union Minister Salman Khursheed.
  4. 4. US business chiefs see Obama trade boost in India  There are strong rumours that very archaic export control system that exists between the U.S. and India.  It is good for jobs in both countries.  India wants Obama to abolish export restrictions on dual-use technology that could be used to build nuclear weapons.  Obama could announce his plan to ease export controls during an address to U.S. and Indian corporate leaders at a business conference.  Obama's visit comes at a vital time amid rising anti- trade rhetoric spurred by high unemployment.
  5. 5. My stay at Taj is powerful message against terror: Obama  Paying homage to the victims of 26/11 attacks.  Taj is a symbol of strength of Indian people.  Also talked about the role of an Indian navy who saved the life of a toddler.  US and India are working together, more closely than ever to deepening counter- terrorism (cooperation), to keep our people safe.
  6. 6. Gold coin sales boom for India's post office  Sold more than a half-tonne of gold coins in the last two years.  India is traditionally a buyer of gold jewellery -- a common gift during religious events and weddings.  Consumers are becoming increasingly aware of the benefits of holding gold in other forms like coins, bars, and via exchange traded funds.  The country is in the peak of the festival season, when consumers buy gold to invoke prosperity.
  7. 7. Contd…  The World Gold Council (WGC) expects 2010 imports to breach the 800 tonne-mark, surpassing the record 770 tonnes of imports seen in 2007.  Investors & Consumers now want safety towards inflation, to protect wealth and also think about returns...so gold is the best available option  Gold is a regulated sector in India and the federal government has allowed 23 state and private banks to trade in bullion at the wholesale and retail levels.
  8. 8. THANKS
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