Southwest Airlines plane skidded off the runway in Nashville

A Southwest Airlines plane has crash landed at the Nashville International Airport, according to local media and accounts from social media.
The plane crash landed and skidded into a ditch.Nashville Fire Department confirmed that eight people were injured and transported to for treatment. All the injuries were minor, “mostly bumps and bruises,” the department said.Three ambulance vehicles arrived at the scene of the crash. Media reports


~ Prize money of Rs. 75 lakhs ~
~Top names in the field include Abhijit Singh Chadha, Mukesh Kumar, Udayan Mane, Om Prakash Chouhan

Jamshedpur, December 15, 2015: The TATA STEEL Group and PGTI have announced the 14th TATA Open Golf which will be held in Jamshedpur from 17th – 20th December, 2015. The four-day tournament will be hosted at the Golmuri Golf Course in Jamshedpur. The Pro-Am will be played on 16th December, 2015. The event offers a rich prize purse of Rs. 75 lakhs.

The tournament will feature some of the top Indian professionals such as Abhijit Singh Chadha, Mukesh Kumar, Udayan Mane, defending champion Om Prakash Chouhan, Shankar Das, Shamim Khan and Ashok Kumar, to name a few. The top foreign players in the field are Sri Lankans Anura Rohana, K Prabagaran and N Thangaraja, Kunal Bhasin of Australia, Nepal’s Shivaram Shrestha and Bangladesh’s Md Zamal Hossain Mollah.

The local challenge will be led by Jamshedpur’s Karan Taunk, who won the PGTI Emerging Player of the Year title in 2014. Taunk was the runner-up at the 12th TATA Open in 2013.

Speaking about the event, Mr.Sunil Bhaskaran, Vice President, Corporate Services, Tata Steel, said “Tata Open Golf is one of country’s prime professional tournaments held at Jamshedpur. Over the years it has attracted top golfing talent from across geographies to play in the scenic golf courses of the steel city. This year, the tournament will be held at the re-modeled 18-hole Golmuri Golf Course.Tata Steel has always supported golf and the shining cases of the achievements of local golfers stand testimony to this. The thrill of watching top professional golfers in action will add to the excitement of this much awaited event.”

Mr. Uttam Singh Mundy, Director, PGTI, said, “It is the support of sponsors such as the TATA  STEEL Group that has helped the PGTI build a strong base for professional golf in India. We thank the TATA STEEL Group for their continued support to the sport. An exciting contest lies in prospect at the 14th TATA Open as the leading professionals of the South Asian region compete for the lucrative prize purse and top position in the Rolex Ranking. We wish the players all the best and look forward to another successful edition of the TATA Open.”
The tournament was held at both the Beldih and Golmuri golf courses till last year. This year the Golmuri golf course will be the only venue for the tournament. Golmuri is a lush green, beautiful and very well-maintained golf course which doesn’t allow golfers any room for error.

Merchandise exports decline by (-) 24.4% in November, 2015

India’s exports for the month of November 2015 stands at USD 20 billion as compared to USD 26.4 billion in November 2014 registering a growth of (-) 24.4%. During November 2015, the imports are registered at USD 30 billion as compared to USD 43 billion in November 2014, registering a growth of (-)30.3%. The balance of trade stands at around USD (-)9.8 billion during November 2015 as compared to USD(-)16.2 billion for November 2014.
Value of Foreign Trade                    USD Billion
FY16     21.821.420
Growth (%)    (-) 24.3%(-)17.5(-)24.4
Imports FY1632.331.130
Growth (%)(-) 25.4%(-)21.2(-)30.3Trade balance  
FY16(-) 10.4(-)9.8(-) 9.8
Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

The cumulative value of exports for the period April- November 2015-16 is US$174.3 billion as against US$ 214 billion over the same period last year registering a negative growth of around (-)18.5% in Dollar terms. The cumulative value of imports for the period April-November 2015-16 is US$262 billion as against US$316 billion registering a negative growth of (-)17.2% in Dollar terms over the same period last year.

   Trend in Exports and imports   (%)
 Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

October, 2015 Services Exports stands at USD 13.3 billion

India’s services exports for the month of October,2015 stand at around USD 13.3 billion and services imports stand at  USD 7 billion in October 2015. The trade balance in services stands at USD 6.3 billion for the month of October 2015.

Value of Service Trade (USD billion) 
Trade balance
             Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

Diversity of Cultural Expressions

First Global Report – Evaluating the Impact of the Convention on the Protection and Promotion of the Diversity of Cultural Expressions
Paris, 16 December – The rise of Internet giants, the explosion of social networks, the digital revolution – all profoundly changing the methods of production and dissemination of cultural goods such as music, film and books. Since the adoption of the 2005 Convention on the Protection and Promotion of the Diversity of Cultural Expressions, the world’s cultural landscape has changed considerably. Presented at UNESCO on 16 December, the Report Re|Shaping Cultural Policies explores these changes and the policy impact of the Convention.
Adopted by UNESCO in 2005, the Convention on the Protection and Promotion of the Diversity of Cultural Expressions came into force in 2007. It now has 141 signatory States and the European Union.
Industrialised nations hold the biggest stake in exports
Encouraging an equal flow of cultural goods and services from the developing world is a key guiding principle of the Convention. However, ten years after the adoption of the Convention, the sector remains largely dominated by industrialized countries.
Out of the $212.8 billion in global exports of cultural goods, 46.7% is from developing nations, this compared to 25.6% in 2004. However, this overall picture is distorted by cultural exports mainly   from China and India, as these two countries are increasingly competing with developed nations. Without them, the market share of the developing countries for world exports of cultural goods increased by merely 5% between 2004 and 2013.
Developed countries are increasingly importing music and audiovisual goods from developing countries. The share of these imported goods in developed countries represented 39.6% in 2013. Books and publishing form the second largest group, with 32.3% of the share of imports from developing countries.
Digital revolution
    The expansion of social networks and user-produced content, the growing use of connected multimedia devices, and the explosion in the quantity of data available have led to the emergence of new actors and new rationales. This revolution is by no means confined to industrialized countries, many regions in the global south have made considerable progress, particularly in the field of connectivity.  In Africa, the penetration rate for mobile telephony increased threefold between 2007 and 2012.
Technology also provides an opportunity for new voices to make themselves heard in public service media. We are seeing an emergence of new actors, including citizen journalists and amateur film producers, who are redefining the boundaries of journalism. Likewise, the enthusiasm of young people for film creation has been greater. The production of fiction film in developing countries rose significantly between 2005 and 2010, up from 3% in 2005 to 24% in 2013, while the production of documentaries rose from 1 to 25% over the same period.
But these changes are occurring in part to the detriment of linguistic diversity. Indeed, 80% of linguistic content available on the internet is in English, Chinese, Spanish, Japanese, Portuguese, German, Arabic, French, Russian, and Korean. Another problem identified by the Report: the rise of Internet giants is undermining access to a diversity of cultural choices, particularly in language choice. “Although the platforms provide a wide range of cultural offerings, the fact that they control not only sales but also the communication and algorithms of recommendations raises the problem of discoverability”, the Report emphasises.

Reinforced policies
Faced with these developments, some signatory countries to the Convention have adopted measures to support creative professionals and industries. Examples include the establishment of a guaranteed income from the Norwegian government for artists. The Côte d’Ivoire, for its part, adopted measures in 2013 to promote publishing and reading. In Argentina, the law of 2009 on audiovisual communications services made it possible to increase local content on the country’s channels by 28%.
The Report also underlines that the Convention is increasingly used in major free trade agreements to give recognition to the specificity of cultural goods and services. But much progress remains to be achieved in other areas, particularly to encourage the role of women in certain cultural professions, to facilitate the mobility of artists from developing countries, and incorporating culture in sustainable development strategies.
The Report, produced with the financial support of the Swedish government within the framework of the project “Enhancing Fundamental Freedoms through the Promotion of the Diversity of Cultural Expressions”, was compiled based on reports provided by 71 signatory countries and supplemented by various studies. It examines the impact of the Convention in the light of its four objectives: support sustainable cultural governance systems; achieve a balanced exchange of cultural goods and services and increase mobility; include culture within sustainable development frameworks; and promote human rights and fundamental freedoms.
Interviews available on request with English, French and Spanish speaking experts.
Follow us on Twitter: #supportcreativity
Media Contact: Agnès Bardon, UNESCO Press Service. Tel.: +33 (0)1 45 68 17 64,
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16 DECEMBER 2015
Designs on Business
Designs on Business

Overseas start-ups are using Hong Kong to find business partnership opportunities.

Hong Kong’s InnoDesignTech Expo (IDT Expo) has added to its growing global footprint, with strong international participation, including from Mexico and the United Arab Emirates.  More
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HKTDC Chairman Vincent HS Lo discusses how Hong Kong’s “global city” credentials make it the right conduit to connect businesses along the Belt and Road.
Picture Perfect
Illustrated volumes are a big draw for young and adult readers alike on the Chinese mainland.
HKTDC Hong Kong International Licensing Show
Don’t miss the region’s top licensing fair happening in Hong Kong next month.
Reassurance without Risk
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A Record-breaking City
With several chart-topping attractions to its name, Hong Kong sees value in setting Guinness World Records.


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