Showing posts from October 6, 2013

Indonesia agrees to resolve bottlenecks to Indian investments

Indonesia on Friday agreed to address the concerns of Indian companies investing here and is willing to set up a joint high-level task force in this regard.
Indian companies have made some big investments in Indonesia in sectors like coal, mining and infrastructure. However, some of them have been facing some problems. 

During their extensive meetings with Indonesian counterparts, visiting Indian Prime Minister Manmohan Singh and other senior leaders and officials today raised these issues and these matters were received positively by their Indonesian counterparts. 

A number of Indian power companies have been looking at Indonesia for coal imports due to problems in the sector back home. 

Briefing the media after these meetings, top officials said that Indonesian President Susilo Bambang Yudhoyono told the Indian Prime Minister that these issues would be addressed suitably. 

"There are some issues regarding the investments by Indian companies in Indonesia and the President agreed tha…
Brazil to host global internet summit11102013
Brazilian President Dilma Rousseff
Brazilian leaders have announced they plan to host an international conference on internet governance next year, a declaration that comes after the nation has lobbied without success to change NSA policies used by the US to monitor Brazil. President Dilma Rousseff, on consulting with Fadi Chehade, chief executive of the Internet Corporation for Assigned Names and Numbers (ICANN), announced via Twitter a conference would be held in April. “We have decided that Brazil will host in April 2014 an international summit of government, industry, civil society and academia,” she wrote tweeted Wednesday. The ongoing leaks from whistleblower Edward Snowden revealed that Brazil has become a favorite target of the National Security Agency since the US intelligence program launched the PRISM electronic surveillance program in 2007. Along with monitoring the online activity of Brazilian citizens, the NSA has quietly kep…
Libyan PM freed after hours of captivity11102013
Libyan Prime Minister Ali Zeidan after spending  several hours in captivity  of a ‘former rebel’ militia kidnapped him from a Tripoli hotel in retaliation for his apparent cooperation with a US anti-terror raid. Later Zeidan was freed by his captors unharmed, he urged another militia group who helped in his release to join the regular armed forces. “Libyans need wisdom … not escalation … to deal with this situation,” Zeidan said during a televised cabinet meeting. media reports, A militia commander with ties to the Interior Ministry told a private news channel that another Tripoli-based militia intervened by storming the house where Zeidan was kept, securing his release.
President Obama Explains the Shutdown10102013
Wednesday, October 9, 2013 President Obama Explains the Shutdown Yesterday, eight days into the Republican government shutdown, President Obama spoke from the White House about the need for Republicans in Congress to stop threatening another recession just to sabotage Obamacare, stop demanding ransom just for doing their jobs, and just vote to reopen the government. He talked about the toll this shutdown is already taking on our country and the economy, and warned against the dire consequences of a default if Congress doesn’t act to prevent an economic shutdown. Keeping the government running and paying the nation’s bills aren’t bargaining chips or a matter of negotiation – they’re a fundamental part of Congress’s job. Here’s how the President put it yesterday: “If you’re in negotiations around buying somebody’s house, you don’t get to say, ‘Well, let’s talk about the price I’m going to pay, and if you don’t give the price then I’m going to …
September export grows at 11%
Narrowing trade deficit during April-September 2013-14 at US$80bn from US$91bn in April-September 2012-13 is inspiring on expanding exports trajectory and squeezing imports scenario. The export/import ratio is expected to remain steady and favourable in the coming months too on pick up in exports scenario vis-à-vis revival of demand in advanced economies. Rupee is expected to recover further from its current level and consolidate at around 60/US$ by end Dec 2013. The appreciation and consolidation of rupee by Dec’13 will be driven by many factors such as improving capital flows, improving export/import ratio and overall current account balance.
India’s exports for the month of September 2013 stands at USD 27.67 billion with a (Y-O-Y) increase of 11.15% as compared to USD 26.14 billion in  August 2013 with a (Y-O-Y) growth of 12.9%. During September 2013, the imports were USD 34.43 billion with a (Y-O-Y) growth of around (-) 18.10 % as compared to USD 37.05 …