19 July 2009

10 reasons why India will not become a superpower

10 reasons why India will not become a superpower




















10 reasons why India will not become a superpower


'Will India become a superpower?' This is a question that nags every Indian. With the nature of problems that plague India, the chances of the country becoming a superpower are remote.

"India needs to be, not a powerful or dominant country, but a country which is less discontented from within", says Ramachadra Guha writer, historian and biographer who spoke on the topic 'Ten Reasons Why India Will Not and Should Not Become a Superpower' in a meeting organised by Aspen Institute India in New Delhi.

Guha pointed out that in 1948, there was a mood of despair and gloom about India's prospects, the government was seen as the only agent that could bring about change.
Image: A copy of a newspaper showing photographs of PM Singh burnt by the BJP activists in Mumbai.
Photographs: Punit Paranjpe/Reuters





















10 reasons why India will not become a superpower


Today, however, there is a sense of optimism about India's prospects, although the government is seen as the major impediment in the country's progress.

Tarun Das, president, Aspen Institute India, said India needed more debates such as this to provide a more balanced view of the country's growth and development.

Of the 10 reasons he listed, Guha suggested that environmental degradation is likely to remain the most pressing challenge facing India. Primary education also remains a significant challenge that needs to be overcome.

He went on to elucidate the ten points that he thought would objectively prevent India from becoming a superpower:


Image: Brazil's President Luiz Inacio Lula da Silva, Russian President Dmitry Medvedev, Chinese President Hu Jintao and Prime Minister Manmohan Singh pose for a photo at the BRIC summit in Yekaterinburg
Photographs: Sergei Karpukhin/Reuters
































10 reasons why India will not become a superpower


1.Religious extremism: Long term trends indicate that liberals and moderates in every religious community in India are on the defensive.

2. Left wing extremism: Extremism in the form of the Naxalite movement, which is a result of geographical reasons and also social and political forces, owing to the continued dispossession and deprivation of tribal people in India.
Image: Women naxalites wait before their performance during a protest rally.
Photographs: Jayanta Shaw/Reuters



Source:Rediff.com


18 July 2009

Nooyi, Narayen among US's 25 Top Gun CEOs

Nooyi, Narayen among US's 25 Top Gun CEOs


Nooyi, Narayen among US's 25 Top Gun CEOs



The times have been rather tough for the corporate world with the economic recession hitting all industry sectors. Yet, amidst all the gloom some chief executive officers managed to help their companies tide over the crisis and remain profitable.

Two India-born CEOs -- Indra Nooyi and Shantanu Narayen -- have been named among America's 25 Top Gun CEOs for their outstanding role in turning around the fortunes of their companies during a recession.

Steve Jobs, chief executive officer, Apple, also figures in the list despite his illness, for being the driving force behind the company's innovative products.

Forbes magazine has published a list of 25 such Top Gun CEOs based on a report by Brendan Wood International, an advisory agency. The CEOs have been ranked on their ability to make smart acquisitions, expand the company's value propositions and make the business profitable.

Here's a look at some of America's Top Gun CEOs...






























Nooyi, Narayen among US's 25 Top Gun CEOs


Shantanu Narayen, CEO of Adobe Systems, is ranked 16th in the Forbes list of 25 Top Gun CEOs in the United States. The report says Shantanu Narayen, backed with vast experience, knows how to position the company in the industry.

Narayen heads Adobe, which is one of the world's largest and most diversified software companies. His leadership, technology insight and operational expertise have helped the company into new markets, and extended its product portfolio and global reach.

In 2005, Narayen co-led the $3.4-billion acquisition of Macromedia, expanding Adobe's software platform and solutions, and strengthening the company's presence in key markets.


Image: Shantanu Narayen, CEO of Adobe Systems
Photographs: Adobe Systems

Source: Rediff.com

Worlds 8 biggest employers

World's 8 biggest employers




World's 8 biggest employers



At a time when the economic crisis is forcing companies to reduce costs and cut jobs, retail giant Wal-Mart has emerged as the biggest employer in the world with a whopping 2.1 million people working for it last year, according to the Fortune magazine.

The Fortune Global 500 list ranks Wal-Mart Stores as the top company in terms of employee strength at the end of 2008.

In this slide show, we take you through world's 7 biggest companies as ranked by Fortune. Read on:

Wal-Mart: 2.1 million employees

Wal-Mart Stores, Inc runs a chain of department stores across the globe.

Founded by Sam Walton in Rogers, Arkansas in 1962, Wal-mart is the largest grocery retailer in the United States. It also owns and operates the North American company, Sam's Club.

Wal-Mart operates in Mexico as Walmex, in the United Kingdom as Asda, and in Japan as Seiyu. It has wholly owned operations in Argentina, Brazil, Canada, and Puerto Rico.

Wal-Mart's operations can be fragmented into three divisions: Wal-Mart Stores US, Sam's Club, and Wal-Mart International.

The company does business in nine different retail formats: supercenters, food and drugs, general merchandise stores, bodegas (small markets), cash and carry stores, membership warehouse clubs, apparel stores, soft discount stores and restaurants.

"In 2008, Wal-Mart racked up $30 billion in additional sales -- the equivalent of adding the annual sales of a Fortune 75 company. That growth was fueled by double-digit sales increases at international stores (US sales only grew six per cent). Wal-Mart China alone added 28 stores over the year," says the magazine about Wal-Mart.

Wal-Mart's 2009 prospects remain promising as shoppers battered by the recession shop for value, it added. The retailer has seen 7.2 per cent increase in profit at $405,607 in 2008 as compared to the previous year.

Wal-Mart's operations have often come under the scanner for its huge foreign product sourcing, low employee health insurance enrollment, resistance to union representation, alleged sexism etc.


Image: A Wal-Mart store in Toronto.
Photographs: Mike Cassese/Reuters






SOurce: Rediff.com

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20 Stocks You Must Buy - Forbes India Stock Picks

20 Stocks You Must Buy - Forbes India Stock Picks


07 July 2009

Budget and your stocks

Budget and your stocks



Analysts' Take : What experts recommend and why
7 Jul 2009, 1412 hrs IST,

Top brokers recommend stocks that will give the best returns post Budget 2009-10. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I 52 Week: High, Low

Budget 2009-10: The Taxation Story
7 Jul 2009, 1226 hrs IST, Economictimes.com and Agencies

Increase in personal tax exemption limit will leave more money in the hands of individuals. But the real gainers are those earning over Rs 10L. New I-T slabs


0452 hrs IST
Mobiles, TV cos to benefit from Customs tweaks


Budget 2009-10: Impact on You


Full coverage of union Budget with ET Blog: The Budget has compounded our problems
Budget 2009-10 has compounded the country’s problems many times over by carrying populism to an extreme.

Budget may backfire, trip up recovery

7 Jul 2009, 1452 hrs IST, REUTERS

The record $93 bn in borrowing planned to fund a 36% spending hike in the 2009/10 budget also risks stifling the flow of credit to businesses. Budget: Full Coverage

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EWS












Budget Impact on Sectors


Auto - 2 & 3 Wheelers | Auto - Cars & Jeeps | Auto - LCVs/HCVs | Auto Ancillaries | Banks - Private Sector | Banks - Public Sector | Cement - Major | Chemicals | Cigarettes | Computers - Software - Training | Computers - Software Medium/Small | Construction & Contracting - Civil |
56 more sectors »


Sector Impact Negative Positive
STT Rationalization To Negatively Impact Brokers
Indiabulls 186.95 4.3 | India Infoline 122.75 4.15
29th-Feb-2008 14:34
DDT Rationalisation To Benefit Investment Holding Cos; Focus ICICI Bank,GMR, IRB
ICICI Bank 695.00 17 | HDFC Bank 1426.35 -0.85
29th-Feb-2008 13:16
Reduction Of CENVAT +ve Impact On Manufacturing Industries
GAIL 323.85 10.55 | Container Corp 975.00 -15.65
29th-Feb-2008 13:10
Reduction Of Excise Duty +ve Impact On Pharma Sector
Sun Pharma 1143.35 13.15 | Cipla 257.25 -2.8
29th-Feb-2008 13:06
New Hospitals set up eligible for tax holiday under section 80I(B)
Apollo Hospital 573.00 1.5 | Opto Circuits 151.90 -2.15
29th-Feb-2008 13:06
No extension of tax holiday for EOU/STPI; Neutral Tech stocks
Net 4 India 73.00 2.65 | Parle Software 72.25 -3.75
29th-Feb-2008 12:52
Tax Benefit for Healthcare & Tourism Cos: +ve for Sectors
Titan Industrie 1220.00 -17.8 | Jain Irrigation 689.05 31.05
29th-Feb-2008 12:50
DDT Rationalisation To Benefit Investment Holding Cos
Rel Capital 829.55 -3.95 | Shree Global Tr 271.10 1.7
29th-Feb-2008 12:48
Excise Duty On Clinker Upped to Rs 450/tonne; -ve for Ultratech, Kesoram
ACC 762.45 38.65 | Ambuja Cements 91.25 4.05
29th-Feb-2008 12:45
Weighted Deduction for outsourced R&D; +ve for Pharma Cos
Sun Pharma 1143.35 13.15 | Cipla 257.25 -2.8
29th-Feb-2008 12:45
Section 35D benefit extended to service companies
EIH 117.40 -4.15 | Indian Hotels 61.20 -0.75
29th-Feb-2008 12:44
Seed co's to get 150% deduction on R&D expenses; + ve Monsanto, Advanta
Syngenta 715.15 -0.55 | Monsanto India 1500.60 -24.3
29th-Feb-2008 12:43
Excise Duty Cut Tea Industry +ve Impact :PwC
Tata Tea 715.10 8.05 | Mcleod Rus 115.00 4.7
29th-Feb-2008 12:39
Excise Rate Cut; +ve for AIDS Drug Cos:PwC
Sun Pharma 1143.35 13.15 | Cipla 257.25 -2.8
29th-Feb-2008 12:38
Excise Duty Cut from 16%-12%; +ve For Ashok Ley, Maruti, Tata Motors
Tata Motors 279.85 -3.5 | Ashok Leyland 30.55 1.25
29th-Feb-2008 12:37
Pages | 1 | 2 | 3 | 4



Source: Moneycontrol.com, Economictimes.com




BUDGET 2009-2010

UPA-II brings back CMP in its Second Avtaar

7 Jul 2009, 0507 hrs IST, SWAMINATHAN S ANKLESARIA AIYAR,ET Now

Long on grandiose plans, but short on blueprint, the Budget was a dampener for most stakeholders. Macro data from budget 2009-10 | India Inc's hotshots on Budget

FM goes easy on personal tax; makes products cheaper

For markets, Budget puts a 'buy' on fundamentals
7 Jul 2009, 0700 hrs IST, SANTOSH NAIR,ET Bureau

Fund managers betting on long term will be happy that fundamentals could be back in vogue on Dalal Street. Decoding Budget jargon I Budget 2009-10: Impact on Investor


Budget 2009: FM makes life less taxing, more saral
7 Jul 2009, 0700 hrs IST, TINA EDWIN,ET Bureau

For millions of working people stung by rising cost of living and salary freezes or cuts, Budget comes as a palliative, but not the cure. New Income Tax rates & slabs





Budget Reactions


Company officials react to budget Given global crisis, fiscal deficit is fine: Deepak Parekh
A 6.7% GDP growth is commendable, given the global downturn. And thrust on infrastructure spending will generate employment.

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Market News

Budget puts a 'buy' on fundamentals

Fund managers betting on long term will be happy that fundamentals could be back in vogue on Dalal Street. Decoding Budget jargon I Budget 2009-10: Impact on Investor


News and Analysis

IT gets new lifeline in Pranab's BudgetTax sops extended by one year, no multiple taxation on packaged software, independent mechanism to deal with taxation of captive units of MNCs and no FBT.

Expert Speak

Swami ranks Budget 5.5 out of 10Swami said what was disappointing was that Budget totally missed on a road map on issues like setting FRBM target.

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CNBC-TV18 Exclusive: FM says budget is a calculated risk

The Last Word: Impact analysis by CNBC TV18 Anchors



Vivian Fernandes

Market reacts to the Budget's packaging, not substance


Udayan Mukherjee

A game of patience


Vivek Law

Days of exemptions are over




Source:Moneycontrol,Economic Times.com