News by priyanka sharma


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News by priyanka sharma

  1. 1. News Updates By: Priyanka Sharma MBA Monday, October 11, 2010 By: Priyanka Sharma
  2. 2. <ul><li>India and China, besides some developed countries, may face economic downturn in the coming months, according to an analysis by OECD - a grouping of mostly advanced nations. </li></ul><ul><li>The latest reading is in contrast to the bullish outlook for fast-growing economies such as India, which tackled the global financial meltdown better than many other countries. </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  3. 3. <ul><li>OECD's latest Composite Leading Indicators (CLIs) released today show that global economic expansion is slowing down. </li></ul><ul><li>CLI provide early signals of turning points in business cycles - fluctuations of economic activity around its long term potential level. </li></ul><ul><li>CLI for India stood at 100.4 in August, a tad lower than 100.6 recorded in July. </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  4. 4. <ul><li>The CLI for the OECD area decreased by 0.1 point in August, making it the fourth straight month that the index has shown negligible or negative growth. </li></ul><ul><li>However, the grouping pointed out that there are stronger signals of a peak emerging in the world's largest economy US. </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  5. 5. <ul><li>Total wealth in India has tripled over the past decade to $3.5 trillion and could further increase to $6.4 trillion by 2015, says a report on global wealth by investment bank Credit Suisse. </li></ul><ul><li>India’s economy has grown at an average 8% over the past four years, and is estimated to grow 8.5% this fiscal according to RBI estimates. </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  6. 6. <ul><li>China stands out as the third-largest wealth generator in the world, with total household wealth of $16.5 trillion, </li></ul><ul><li>Behind only the US ($54.6 trillion) and </li></ul><ul><li>Japan ($21 trillion). </li></ul><ul><li>Furthermore, China’s wealth is almost five times that of India’s. </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  7. 7. <ul><li>The Australian Commonwealth team, who were angry after being forced to wait in &quot;cauldron-like&quot; conditions in the stadium tunnel for an hour before the opening ceremony, have told the Games organisers that they won't put up with more unacceptable treatment at the closing ceremony. </li></ul><ul><li>&quot;Perry pushed extremely strongly a couple of points that we want covered off to ensure that there is no situation like the opening ceremony,&quot; Moneghetti told reporters. </li></ul><ul><li>Meanwhile, Moneghetti expects a tough time deciding who gets to carry the flag into the closing ceremony after such a successful campaign, with Australia already winning more than 60 gold medals. </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  8. 8. <ul><li>&quot;The RBI will shortly put into circulation coins of Rs 5 and Rs 2 with the theme 'XIX Commonwealth Games, 2010-Delhi,&quot; the apex bank said in a statement. </li></ul><ul><li>Both the Rs 5 and Rs 2 denomination coins will be of circular shape and have a diameter of 23 millimeters and 27 millimeters, it added. </li></ul><ul><li>The existing Rs 5 and Rs 2 coins will also continue in circulation. </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  9. 9. <ul><li>BCCI's finance committee chairman Jyotiraditya Scindia said that everyone will have to &quot;accept&quot; the board's decision to scrap IPL franchisees Kings XI Punjab and Rajasthan Royals. </li></ul><ul><li>&quot;It is a BCCI's decision and everyone will have to accept this,&quot; Scindia, Union Minister of State for Commerce and Industry, told . </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  10. 10. Contd…………… <ul><li>He, however, refused to comment further saying &quot;I am a BCCI committee chairman and so I should not analyse the internal decision of the board.&quot; </li></ul><ul><li>Meanwhile, Scindia expressed his happiness over the &quot;excellent&quot; organisation of the Commonwealth Games and said it is one of the important &quot;achievements&quot; for India in which many talents have come to fore. </li></ul>Monday, October 11, 2010 By: Priyanka Sharma
  11. 11. Monday, October 11, 2010 By: Priyanka Sharma