24.09.2006

Revenue loss on account of the new SEZ policy is pegged at Rs. 1,70,000 cr by the Finance ministry.

Indian Art
Indian art prices have appreciated by leaps and bounds in recent times. In this week’s Sotheby’s and Christie’s auctions, 5 works of Indian artists have made it to the million dollar mark.
The highest price was fetched by F.N. Souza’s ‘Man with Monstrance’.
Top Indian artists on the basis of annual appreciation in the price of their works:
Ram Kumar, Tyeb Mehta, Jogen Chowdhury, Manjit Bawa, V.S. Gaitonde, FN Souza, A. Ramachandran, Akbar Padamsee, Aripta Singh, Jehangir Sabavala, Jagdish Swaminathan, Rekha Rodwittiya, Krishen Khanna, Laxma Goud, Rameshwar Broota in that order.

Ramzaan food basket
Iftar is the evening meal
Sehri is the meal taken before dawn

Business plans
For every 100 people who have fantastic great ideas, only 10 can convert the idea into a sensible plan and of this, only 3 truly believe in what they have written down and of these, only probably 1 has some chance of success.

Chiria iron mines in Jharkhand
It has over 2 bn tonnes of iron ore.
The lease agreement between SAIL and Jharkhand government is in legal battle.

Hewlett-Packard phone tapping troubles
The Chairman of the company Ms. Patricia Dunn had to resign amid admissions by the company that it hired investigators who obtained telephone records to uncover who was leaking confidential information from the computer maker’s board room meetings.
Pretexting – is the practice of masquerading as someone else to obtain personal records.

Hybrid cars
Toyota is the pioneer in introducing hybrid cars – cars that run on gasoline and electricity, with its Prius sedan.

Sony batteries
Recently (last month) Dell and Apple have recalled almost 6 mln of Sony made laptop batteries as they are found to be having a manufacturing defect. They were found to be susceptible for catching fire.

Mobile handsets sales
Worldwide 1 bn handsets are expected to be sold this year. Of them nearly 100-150 mn are expected to be voice-enabled handsets.

Healthcare industry in India
It is expected to grow in size to Rs. 200,000 cr by 2012 from Rs. 86,000 cr in 2001.
The health tourism market is expected to go up to Rs. 10,000 cr by 2012 from the Rs. 1,518 cr in 2004.

Water problems in India
It is estimated that 50% of water supply in urban India is unaccounted for.
It is remedying the supply side inefficiencies that holds promise rather than addition of new infrastructure
Even a small country like Combodia supplies 100% of its citizens with 24 hrs water supply in Phnom Penh

Delhi’s population is 23 mln. The Government has announced plans worth Rs. 26,000 cr to give a thorough makeover for the city. It is said that historically Delhi has been built and rebuilt over 8 times.