16.11.2007

  • More on Volatility Index (VIX)
    • Want to know more about this concept? You should read today’s article in ET. Read it here.
    • Sometimes called as “the investor gauge of fear”, it has developed over time to become one of the highlights of the modern day financial markets.
    • Look at what we have already noted about this earlier. 03.08.2007 & 03.07.2007
  • Airport policy: Government may allow multiple airports in metros
    • A new policy on the Greenfield airports in the country is in the final stages of preparation and is likely to be put in place by the first half of 2008.
    • The existing guidelines require a minimum distance of 150 km between an existing airport and a new one. The distance is stipulated at 150 km in case of international projects.
  • India’s steel sector likely to go places
    • The domestic steel sector is on a roll. From being the 5th largest steel producer, the country is all set to become the second largest producer globally by 2015-16. This would be a major leap for the sector.
    • During the year 2006, it is the 5th largest producer of crude steel.
    • At present while India is producing about 56 mn tonnes, the global pecking order is like this:
      • China – 422 mn tonnes (mt)
      • Japan – 116 mt
      • US – 98.6 mt
      • Russia
  • OECD Secretary General
    • Angel Gurria
  • OPEC Secretary General
    • Abdalla Salem el-Badri
  • Pakistan names interim prime minister
    • Mohammedmian Soomro, the Chairman of the Pakistan Senate is named as the interim prime minister.
  • India’s first teraflop super computer
    • PARAM Padma. Made in 2003 by CDAC
  • US slowdown’s global impact
    • One consequence of a US slowdown would be a falling dollar. Because of the falling dollar, it is quite likely that the European exports will be priced out of important markets, including the US and China.
    • It is also likely that many countries will stop financing the US current account and budgetary deficits. This structural readjustment will be painful.
    • A weaker dollar makes US exports more competitive and makes the Chinese exports to US more expensive.

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