India Economic Summit 2009 Ends
During the session, the six summit Co-Chairs reviewed the discussions of the past three days and how to move forward on an agenda to drive “India’s next generation of growth”, which takes place in New Delhi from 8-10 November 2009.
The review draws on the findings of the World Economic Forum’s Global Competitiveness Index 2009-2010
The Schwab Foundation for Social Entrepreneurship, in collaboration with the United Nations Development Programme (UNDP), has selected three social enterprises with significant impact in India as winners of the India Social Entrepreneurs Award for 2009: Rajendra Joshi, Managing Trustee,
So, the opening commitments to get us en route to a 2 degree world by 2020 are:
From rich countries:
• The EU 27 offer a 20% reduction against 1990 levels or 30% if other countries make big cuts too
• Japan offers 25% reduction against 1990 levels
• Russia pledges to match Japan if other countries also do the same
• US offers 17% reduction against 2005 levels (the figure in the Waxman Markey bill), which equates to about 4% against 1990 levels.
• Canada and Australia are offering less that then the US.
• The best in class is Norway with a 40% reduction target against 1990 levels
• On average, this gives us about a 15% reduction against 1990 levels for developed countries
From fast growing developing countries
• China offers a 40-45% cut in the carbon intensity of its economy (tonnes of carbon /unit of GDP) by 2020
• India offers up to a 25% cut in the carbon intensity of its economy by 2020
• Brazil has offered to curb emissions 38-42% from business as usual by 2020, including a reduction in deforestation by 80% by 2020
• South Korea has promised 30% by the same measure (equivalent to a 4% reduction against 2005 levels); Indonesia 26%
• Only South Africa is yet to provide some sort of target.
Bill and Melinda Gates announced that their foundation will commit US$ 10 billion over the next 10 years to help research, develop and deliver vaccines for the world’s poorest countries.
In its quarterly review, Reserve Bank of India has directed banks to increase their provisions for non performing assets (NPAs) to 70 percent which include floating provisions.
There are 32 foreign banks operating in India.
Banks may demand more time for meeting the deadline to implement International Financial Reporting Standards (IFRS). Presently the banks are required to meet the deadline by March 2011
Friday, February 26, 2010
Monday, February 22, 2010
GK-3
Eko Vehicles, a company based in Bangalore has launched the world's first hybrid bikes and scooters
Government will give 50 paise as incentive for a unit of electricity generated by wind power producers for 4-10 years under GBI scheme. Incentive will be provided to wind power producers at 50 paise per unit of electricity fed into the grid for a period not less than four years and the maximum of 10 years.
December 29, 2009: India Sri Lanka Power Link
A high-capacity power transmission link between India and Sri Lanka will be completed by 2013. The 285-kilometre power link, including submarine cables over a stretch of 50 km, will enable the two countries to trade their surplus power, thereby offering a cheaper option to bridge their power generation deficit and also manage their peak demand. India's side is Powergrid Corporation of India Ltd, & stakeholder in Sri Lanka side is Ceylon Electricity Board.
World Bank has approved loans worth $405 million to promote environment-friendly urban transport projects in Andhra Pradesh.
Index of Industrial Production growth 10.3% in October.
industrial output grew by 10.3 per cent in October. This was mainly powered by manufacturing, particularly consumer durables, which was driven by the stimulus packages
December 14, 2009: India's share in global FDI is 2.45% now
36 sick cenral public sector enterprises to be revived
Based on the recommendation of Board for Reconstruction of Public Sector Enterprises, Government of India has approved revival of 36 sick central public sector enterprises (CPSEs) that will require Rs 2,921 crore of cash infusion, besides Rs 12,333 crore of other assistance
MNRE Minister Farooq Abdullah inaugurated the country's first mega-watt level solar photovoltaic plant at Jamuria, near Asansol in West Bengal.Accepting that there is no clear blueprint for his ministry's plans for bringing solar power into the mainstay of India's energy mix, he said that about 1,300 MW of solar power would be added over the next three years.
Bangalore and San Francisco have signed 7 Memoranda of Understanding (MoUs) strengthening the "sister cities" arrangement.
World's Most powerful Cities survey by "citimayors.com" : Mumbai ranks 34
Climate Change Risk Report 2009/10: Australia Biggest CO2 emitter (per capita)
China is the world's worst polluter nation with the highest overall annual emission of greenhouse gases (6,018 million tonne). However, in terms of per capita emissions it is ranked 44th in the world, emitting 4.5 tonne (per person).
Trade Marks (Amendment) Bill
Government of India has introduced Trade Marks (Amendment) Bill. The objective of this bill is to simplify the trade marks registration procedure. Before we understand this we have to know what is Madrid Protocol.
India's indirect tax collections (of 7 months) have shrunk by over 21 per cent from the last Fiscal year. The first 7 months of last year the tax collected was 1.61 lakh crore and this year it is 1.26 Lakh Crore. None of the three components of Indirect tax excise, customs and service tax could post positive results. Maximum drop was in customs 31.8 %.
World Travel Award to Incredible India campaign
The Incredible India campaign has won the World Travel Award 2009 for being the best campaign of the year
Mittal, ONGC will wind up 4 year Joint Venture
ONGC and Mittal had in July 2005 joined hands to form two joint ventures. These JVs were ONGC Mittal Energy Ltd (OMEL) for exploration blocks and ONGC Mittal Energy Services Ltd (OMESL) for trading and shipping of hydrocarbons. The JOV has failed now. In both OMEL and OMESL, ONGC held 49.98 per cent stake while the Mittal-owned Mittal Investment Sarl had 48.02 per cent. ONGC and Mittal have decided to wind up the firm now as per the report published in newspapers.
Government will give 50 paise as incentive for a unit of electricity generated by wind power producers for 4-10 years under GBI scheme. Incentive will be provided to wind power producers at 50 paise per unit of electricity fed into the grid for a period not less than four years and the maximum of 10 years.
December 29, 2009: India Sri Lanka Power Link
A high-capacity power transmission link between India and Sri Lanka will be completed by 2013. The 285-kilometre power link, including submarine cables over a stretch of 50 km, will enable the two countries to trade their surplus power, thereby offering a cheaper option to bridge their power generation deficit and also manage their peak demand. India's side is Powergrid Corporation of India Ltd, & stakeholder in Sri Lanka side is Ceylon Electricity Board.
World Bank has approved loans worth $405 million to promote environment-friendly urban transport projects in Andhra Pradesh.
Index of Industrial Production growth 10.3% in October.
industrial output grew by 10.3 per cent in October. This was mainly powered by manufacturing, particularly consumer durables, which was driven by the stimulus packages
December 14, 2009: India's share in global FDI is 2.45% now
36 sick cenral public sector enterprises to be revived
Based on the recommendation of Board for Reconstruction of Public Sector Enterprises, Government of India has approved revival of 36 sick central public sector enterprises (CPSEs) that will require Rs 2,921 crore of cash infusion, besides Rs 12,333 crore of other assistance
MNRE Minister Farooq Abdullah inaugurated the country's first mega-watt level solar photovoltaic plant at Jamuria, near Asansol in West Bengal.Accepting that there is no clear blueprint for his ministry's plans for bringing solar power into the mainstay of India's energy mix, he said that about 1,300 MW of solar power would be added over the next three years.
Bangalore and San Francisco have signed 7 Memoranda of Understanding (MoUs) strengthening the "sister cities" arrangement.
World's Most powerful Cities survey by "citimayors.com" : Mumbai ranks 34
Climate Change Risk Report 2009/10: Australia Biggest CO2 emitter (per capita)
China is the world's worst polluter nation with the highest overall annual emission of greenhouse gases (6,018 million tonne). However, in terms of per capita emissions it is ranked 44th in the world, emitting 4.5 tonne (per person).
Trade Marks (Amendment) Bill
Government of India has introduced Trade Marks (Amendment) Bill. The objective of this bill is to simplify the trade marks registration procedure. Before we understand this we have to know what is Madrid Protocol.
India's indirect tax collections (of 7 months) have shrunk by over 21 per cent from the last Fiscal year. The first 7 months of last year the tax collected was 1.61 lakh crore and this year it is 1.26 Lakh Crore. None of the three components of Indirect tax excise, customs and service tax could post positive results. Maximum drop was in customs 31.8 %.
World Travel Award to Incredible India campaign
The Incredible India campaign has won the World Travel Award 2009 for being the best campaign of the year
Mittal, ONGC will wind up 4 year Joint Venture
ONGC and Mittal had in July 2005 joined hands to form two joint ventures. These JVs were ONGC Mittal Energy Ltd (OMEL) for exploration blocks and ONGC Mittal Energy Services Ltd (OMESL) for trading and shipping of hydrocarbons. The JOV has failed now. In both OMEL and OMESL, ONGC held 49.98 per cent stake while the Mittal-owned Mittal Investment Sarl had 48.02 per cent. ONGC and Mittal have decided to wind up the firm now as per the report published in newspapers.
Thursday, February 18, 2010
GK
Rosa in Shahjahanpur district in Uttar Pradesh has witnessed the launch of Rosa Power Plant of Anil Dhirubhai Ambani Group recently.It is a 300 MW unit. It is a coal based plant and coal for the project would be sourced from the Ashoka mines in Jharkhand
India’s total external debt stock at US$ 242.8 billion as at end-September 2009 recorded an increase of US$ 18.2 billion or 8.1 per cent over end-March 2009 estimates.
This is a Rs. 2300 crore project and Powergrid Corporation of India Ltd, the country's largest electricity transmission company is the implementing agency from the Indian side. Sri lankan side implementation will be done by Ceylon Electricity Board
The Finance Commission is established under Article 280 of the Constitution of India by the President of India for the purpose of allocation of certain resources of revenue between the Union and the State Governments as well as to make recommendations on other related issues as required under its terms of reference.
INS Industrial Excellence Award 2008 was conferred to Heavy Engineering Corporation by eminent nuclear scientist Anil Kakodkar
Code-10, a Malaysian hair styling products firm is a subsidiary of Colgate-Palmolive has been acquired by Marico.
Bharti-Walmart Pvt Ltd is a joint venture between Bharti Enterprises and global retail major Walmart Stores. The company opens its first agricultural cooperative centre at Sirhind in Punjab
Google IPL Tie Up
Rajasthan: First State in India to launch Web enabled online answering system
On Proposed Nuclear Parks
Central Government plans to set up 5 nuclear parks in the country. Each park would have the capacity of generating nearly 10,000 MW energy. These would be set up at Kudarkulam in Tamil Nadu, Jaitapur in Maharashtra, Mithivindhi in Gujarat, Haripur in West Bengal and Kovada in Andhra Pradesh. Russia and France would be providing the nuclear reactors for Kudarkulam and Jaitapur. Nuclear Park at Haripur in East Midnapore district of West Bengal is facing opposition due to environment issue, impact study of the site was already completed and Base-line study would be done in the coming few months
UNESCO : International Year of Rapprochement of Cultures : Tagore in Interdisciplinary programme.
Bihar : Nawada and Purnia Women to learn economic farming.This comes under "Economic Empowerment of Women" programme of world bank.
Thomas Cook - India Post MOU:
India’s total external debt stock at US$ 242.8 billion as at end-September 2009 recorded an increase of US$ 18.2 billion or 8.1 per cent over end-March 2009 estimates.
This is a Rs. 2300 crore project and Powergrid Corporation of India Ltd, the country's largest electricity transmission company is the implementing agency from the Indian side. Sri lankan side implementation will be done by Ceylon Electricity Board
The Finance Commission is established under Article 280 of the Constitution of India by the President of India for the purpose of allocation of certain resources of revenue between the Union and the State Governments as well as to make recommendations on other related issues as required under its terms of reference.
INS Industrial Excellence Award 2008 was conferred to Heavy Engineering Corporation by eminent nuclear scientist Anil Kakodkar
Code-10, a Malaysian hair styling products firm is a subsidiary of Colgate-Palmolive has been acquired by Marico.
Bharti-Walmart Pvt Ltd is a joint venture between Bharti Enterprises and global retail major Walmart Stores. The company opens its first agricultural cooperative centre at Sirhind in Punjab
Google IPL Tie Up
Rajasthan: First State in India to launch Web enabled online answering system
On Proposed Nuclear Parks
Central Government plans to set up 5 nuclear parks in the country. Each park would have the capacity of generating nearly 10,000 MW energy. These would be set up at Kudarkulam in Tamil Nadu, Jaitapur in Maharashtra, Mithivindhi in Gujarat, Haripur in West Bengal and Kovada in Andhra Pradesh. Russia and France would be providing the nuclear reactors for Kudarkulam and Jaitapur. Nuclear Park at Haripur in East Midnapore district of West Bengal is facing opposition due to environment issue, impact study of the site was already completed and Base-line study would be done in the coming few months
UNESCO : International Year of Rapprochement of Cultures : Tagore in Interdisciplinary programme.
Bihar : Nawada and Purnia Women to learn economic farming.This comes under "Economic Empowerment of Women" programme of world bank.
Thomas Cook - India Post MOU:
General Awareness
The study had identified Kuno Wildlife Sanctuary with an area of 344.686 Sq.Kms. as the best potential site for reintroduction of lions.
Saurav Ghosal is India's no. 1 squash player and is on noumber 29 in the latest PSA rankings with 1860.00 points.
Out of 15 nations Togo has withdrawn from the tournament after a terrorist attack on their bus upon arriving for the tournament.
The Dragon has outplaced Germany and has become world's largest exporter. China's total exports for 2009 were $1.2tn and shwon a growth of 17.7% .
Dokbug area of Nyoma sector in Leh District of J & K during the winter months every year
UP is the first state in India to launch a power transmission sub stations and transmission lines project on PPP
This scheme has shown encouraging results and recently World Bank has come forward with an offer to provide additional funding of $ 500 million (Rs 2,325 cr approx) for the programme. Sarva Siksha Abhiyan (SSA)
Sixth International Children's Film Festival has started in Bangalore. The main theme is Environment
Economic Times "Business Reformer of the Year " award - Nitish Kumar
India's first investment and manufacturing zone-Rajasthan
Looking East To Look West: Lee Kuan Yew's Mission India - Sunanda K Datta-Ray
India, which exports apparel worth 11 billion dollars annually, ranks as the fifth largest worldwide
Based on formal requests from the Mauritian Government, the Indian Navy had deployed INS Savitri with a Chetak helicopter and Marine Commandos,
TN Governemnt will set up an "Envrionment Protection and Renewable Energy Development Fund" to protect the environment and promote clean energy to combat climate change
Life Goes On' has bagged the Best Feature Film Award at the first Pravasi Film Festival in New Delhi
Angelina Jolie : Beauty of the decade
Keyoor Bakshi has been elected as the President of International Federation of Company Secretaries (IFCS) for the year 2010.
Reena Kaushal Dharmshaktu has become the first Indian woman to ski to the South Pole
e-Dharini is the new e-registration project of the Orissa state government
Saurav Ghosal is India's no. 1 squash player and is on noumber 29 in the latest PSA rankings with 1860.00 points.
Out of 15 nations Togo has withdrawn from the tournament after a terrorist attack on their bus upon arriving for the tournament.
The Dragon has outplaced Germany and has become world's largest exporter. China's total exports for 2009 were $1.2tn and shwon a growth of 17.7% .
Dokbug area of Nyoma sector in Leh District of J & K during the winter months every year
UP is the first state in India to launch a power transmission sub stations and transmission lines project on PPP
This scheme has shown encouraging results and recently World Bank has come forward with an offer to provide additional funding of $ 500 million (Rs 2,325 cr approx) for the programme. Sarva Siksha Abhiyan (SSA)
Sixth International Children's Film Festival has started in Bangalore. The main theme is Environment
Economic Times "Business Reformer of the Year " award - Nitish Kumar
India's first investment and manufacturing zone-Rajasthan
Looking East To Look West: Lee Kuan Yew's Mission India - Sunanda K Datta-Ray
India, which exports apparel worth 11 billion dollars annually, ranks as the fifth largest worldwide
Based on formal requests from the Mauritian Government, the Indian Navy had deployed INS Savitri with a Chetak helicopter and Marine Commandos,
TN Governemnt will set up an "Envrionment Protection and Renewable Energy Development Fund" to protect the environment and promote clean energy to combat climate change
Life Goes On' has bagged the Best Feature Film Award at the first Pravasi Film Festival in New Delhi
Angelina Jolie : Beauty of the decade
Keyoor Bakshi has been elected as the President of International Federation of Company Secretaries (IFCS) for the year 2010.
Reena Kaushal Dharmshaktu has become the first Indian woman to ski to the South Pole
e-Dharini is the new e-registration project of the Orissa state government
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