- Government is thinking of allowing short selling in stock markets by banks and mutual funds. The benefits expected out of this move include:
- Manipulation of stock prices on the upside would become very difficult to bulls.
- It is seen as a tool to improve price discovery by providing additional trading opportunities and liquidity to the market.
- It may also give a boost to the futures and options segment.
- What is the financial year for RBI?
- Year ending June 30th every year.
- Government set to acquire ownership of SBI from RBI
- This is being done in tune with the recommendations of the Narasimham Committee, which felt that it would be appropriate for the RBI not to own the institutions it regulates.
- The top global brands by value
- Coke, Microsoft and Citibank, in that order.
- They are valued at $43 bn, $37 bn and $35 bn respectively.
- CEO of Coca-Cola
- CMD of Bharat Electronics
- V. V. R. Sastry
- CMD of GAIL (Gas Authority of
) India Choubey U. D.
- The first Indian company to win the Dale Carnegie leadership award
- The Greek philosopher who is considered as the founder of scientific thinking
- Ukrainian President
- Viktor Yushchenko
- Alexander Lukashenko
- J.K. Galbraith, the economist
- He was close to both Nehru and Kennedy. It is widely believed that his Keynesian influence had a role in the ‘commanding heights’ approach finally adopted by
in its planning efforts. India
- A very good critique of our planning process
- The 5 year plans grossly underinvested in both physical infrastructure and human capital, depressing productivity, that kept India stuck at the ‘Hindu Rate’ of growth of 3% for three decades despite increases in savings and investment. Monetary and fiscal profligacy elevated real interest rates, leading to financial repression and a huge public debt overhang. The combination of coddling and deadening network of direct controls destroyed the competitiveness of Indian manufacturing that had once given
a run for its money. Manchester
- What are the places where we have IIMs?
Bangalore, Lucknow, Indore, Calcutta, Kozhikode
- Should tax sops for the IT sector continue?
- Sections 10A was initially enacted by the Finance Act of 1981 to give tax sops to FTZs. Free Trade Zones. To attract investments and industrial growth.
- 10B was providing such benefits to EOUs (Export Oriented Units). It was also having the sunset clause.
- From 1994, it was extended to IT sector. It was substituted by a new section with the same number and it was laid down that the benefits would end by 2009-10.
- Bodies like Chelliah committee and Kelkar panel have recommended that the benefits under 10A and 10B be discontinued from 2009-10.
- One argument that is made out for continuing them runs like this:
- Almost 40% of the service exports today are from mid-sized companies having turnover of less than Rs. 100 crore. These companies are yet to attain a global stature. Handholding is still required for these SMEs.
- In spite of the so called exemption regime being in place, there is a substantial amount of tax contribution by these entities in the name of FBT, DDT, tax on notional income because of transfer pricing issues etc. Moreover, the threat of service tax is looming large on these entities.
- Hence, removing the tax holiday or exemption regime is only going to aggravate the sector’s problems and act as a dampener for its continued growth.
- Games Convention
- Will be held in September, 2007 in
- This is a sister even of the Leipzig Games Convention held in
every August. Germany
- This is an annual videogame event in
, first held in 2002. Besides videogames, the event also covers Infotainment, Hardware and Edutainment. Leipzig, Germany
- Glacier melting spells trouble for agriculture
- The agriculture sector in countries like
may soon be adversely affected owing to fast melting of glaciers. India
- In 2005, the thickness of 80 main glaciers worldwide reduced further, with the average melt amounting to 0.6 meter water equivalent (we). On an average, one meter water equivalent corresponds to 1.1 meter ice thickness.
- The glaciers feeding the Ganga, Yamuna and Indus and the
Brahmaputrarivers may be wiped out in about 40 years, say experts.
- For the 466 glaciers studied in three major river basins, glacial extent has declined from 2,077 sq km in 1962 to 1,628 sq km at present, amounting to 21% depletion.
- Bt cotton pricing issues
- The AP government had approached the MRTPC in January against the Mahyco Monsanto on the high royalty being collected by it for Bt cotton. Following this, in March, the company reduced the technology fee to seed companies to Rs. 900 for a 450 gm packet of Bt cotton seeds from Rs. 1,250.
- Currently Bt cotton seeds are sold at Rs. 750 per packet in the country.