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Weekly news...

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Weekly news... Weekly news... Presentation Transcript

  • WEEKLY NEWS
  • Six ministries to decide on FDI retail
    • A panel of six ministries was constituted on September 27, which will be chaired by Kewal Ram, senior economic advisor in the consumer affairs ministry.
    • Global retail players like Bharti-Walmart have endorsed 100% opening of the sector without any caps adding, “recognizing the government's stand to adopt a calibrated approach, we would endorse a position where as a first step, multi-brand retail is opened up at 49%.” At present, foreign investment is not allowed in multi-brand retail and a decision has been difficult for the fear that it could affect small retailers.
  • CONTD……..
    the FDI cap should be kept such that a foreign retailer is “entitled to make a minimum of 51% investment with rights to manage the company... ”. Business chambers like the Federation of Indian Chambers of Commerce and Industry and the Confederation of Indian Industry have stated that the FDI cap should be within the range of 49-51%.
  • Asian growth led by India and China to aid global recovery: IMF
    (IMF) China and India will continue to lead the region's growth. For China and India, we project growth in 2010 at 10.5 percent and 9.7 percent respectively.
    "In China, output growth has moderated somewhat, owing to slower credit growth and the effects of measures to cool property markets. Private domestic demand continued to support growth in India and Indonesia, while strong export growth and inventory accumulation boosted economic activity in the more export-dominated Asian economies,
  • Using too much Facebook and Twitter may cost you your job
    government departments and quangos, including officials planning the 2012 Olympics, have issued written guidelines to staff detailing their restrictions on using the sites,.
    Last year it was revealed how Sir John Sawers, the head of MI6, was left exposed by a personal security breach after his wife published intimate photos and family details on Facebook.
  • CONTD……
    Last month the Olympic Delivery Authority (ODA) distributed a guide to all employees stating: "Facebook, Linked-In, Twitter have become very popular and offer significant business benefits. Their use poses risks both to the data on the ODA IT system and to the users of the sites and ODA."