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Gems and Jewellery Exports to Grow by 30-35 per cent in 2010-11
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Modernization of India New Airport
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Environmental Accounting & Reporting Set to Become Mandatory for Companies
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| 02. NEWSMAKER |
| Gems and Jewellery Exports to Grow by 30-35 per cent in 2010-11 |
New Delhi: Gems and jewellery exports from India is expected to grow by 30-35 per cent in 2010-11, according to the Gem and Jewellery Export Promotion Council (GJEPC), on the back of revival in demand in the international markets.
The country's exports to the US have grown to 30-35 per cent from 25 per cent last year, said Rajiv Jain, Chairman, GJEPC.
"India caters to the middle and low-end jewellery market in the US, which accounts for nearly 45 per cent of the world's jewellery market. Exporters' vision to look into newer markets post-recession has helped us sustain growth," he added.
Furthermore, the Council is also in talks with colour gem traders to form an umbrella organisation to efficiently source their raw material from abroad.
Significantly, GJEPC has announced the third International Diamond Conference—Mines to Market—to be organised on October 12-13, 2010. The conference presents a platform for significant exchange between all stakeholders of the diamond industry and has been receiving an enthusiastic worldwide response. |
| Govt Approves Rs 3,000 cr for Setting Up 16 Central Varsities |
India Among 40 Most Improved Economies: World Bank Report |
New Delhi: The Government on Tuesday agreed to spend Rs 3,000 crore during the 11th Plan period for setting up 13 new Central universities and converting three existing State universities into Central universities.
The 16 Central universities were established in the various States by the Central Universities Act, 2009. The Government expects that this will increase access and enhance quality of higher education in the country.
The Union Cabinet also approved the proposal of the Department of Public Enterprises to the effect that Central Vigilance Officers and other officers on deputation to the Vigilance Departments of CPSEs may be allowed the option of electing to draw either the scale of pay of the CPSE concerned or pay in the parent cadre plus deputation allowance.
The CVOs and other officers on deputation to the Vigilance Departments will also be allowed to avail themselves of the perquisites and benefits applicable to the equivalent level of officers in the concerned CPSEs.
According to an official statement, the move will allow CVOs and vigilance functionaries to work efficiently and remove the disparity in pay between the deputationists and employees of the CPSEs.
The move could also attract suitable officers to the vigilance departments of the CPSEs. |
New Delhi: India is one of the 40 “most-improved economies” that made significant changes in business regulation at a steady pace in 2009 to make it easier for firms to operate, according to a new World Bank report.
Since 2005, India has implemented 18 business regulation reforms in seven areas, creating more opportunities for local firms, according to the “Doing Business 2011: Making a Difference for Entrepreneurs” report.
Many of the reforms focused on technology-implementing electronic business registration, electronic filing for taxes, and online submission of customs forms and payments, the report notes.
India comes in at number 134 out of the 183, one rung higher than last year's 135.
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| Indian Law Firms Still on Top in Global Ranking: Survey |
| The Times of India: October 25, 2010 |
| New Delhi: Indian law firms, which beat some of the world`s biggest to emerge as top legal advisors to global deals last year, have retained their edge with three domestic firms finding pride of place in the top 10 ranking.
In the area of public private partnerships (PPP), Luthra & Luthra retained the No. 1 slot as a global player for the second year in a row with a 7.6% market share, valued at $3.29 billion for the first nine months of 2010 (see chart). This cemented its advantage over some of the world`s largest firms like Clifford Chance, Allen & Overy, DLA Piper and Linklaters.
India Law Services secured the No. 3 position with a 5.4% market share, valued at $2.35 billion. However, DSK Legal, which was at No. 2 in 2009, failed to make it to the top 10 this time.
Luthra & Luthra also secured the No. 2 slot behind Linklaters in the global project finance category with a market share of 3.7% by offering legal advice for 17 deals worth $15.5 billion.
Amarchand, Mangaldas and Shroff slipped from No. 3 position in 2009 to the 7th slot in the top 10 ranking with a 3.9% share across 13 deals valued at $8.3 billion.
Overall, India`s market share in global PPP in the top 10 category for 2010 was 13%, accounting for $5.6 billion and 11.2% in global project finance, accounting for $23.9 billion, according to a report by Dealogic Global Investment Banking.
Rajiv Luthra, founder and managing partner of Luthra & Luthra said: "This distinction augurs well for the Indian legal fraternity. I believe more Indian firms will be in the top 10 list in the next decade considering that domestic law firms are attracting some of the finest talent with the willingness and drive to compete with the best."
Global project volumes rose to $244.3 billion in the first nine months of 2010, up 21% from $201.7 billion during the same period in 2009. Asian project volumes increased 55% with a value of $93.2 billion. India was the leading nation with $56.8 billion with 97 projects during this period.
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| Indian-American felicitated on winning Ellis Island Medal of Honour |
| IBEF: November 15, 2010 |
New Delhi: India-born president and CEO of a technology services company ASR International Corporation, Rao S. Anumolu, was felicitated for winning the esteemed Ellis Island Medal of honour, at an event held at Long Island, New York. It is the highest civilian award in the US for the immigrant population. The award is given to recognise outstanding contribution to communities, nation, and the world.
Rao S. Anumolu received standing ovation from a host of business leaders, technology leaders, academicians, and politicians. The Ellis Island Medal of Honour is officially recognised by both the United States House of Representatives and Senate, and the recipients are read into the Congressional Record. George J. Hochbrueckner, former Congressman, the chief guest at the event, praised Anumolu's for his contributions and congratulated him on behalf of the New York Congressional delegation.
Anumolu was also honoured with Congressional recognition on Capitol Hill in 2003 for helping to enhance homeland security post the September 2001 terrorist attacks. |
| Indian-American named ‘2010 Innovator of the Year |
| IBEF: November 15, 2010 |
| New Delhi: Amit Goyal, an Indian-American researcher, has been entitled with the '2010 Innovator of the Year' by the well known technology publication R&D Magazine. The R&D 100 Awards are given to the top 100 technologies or products of the year by R&D Magazine.
Known as an international leader in the field of high-temperature superconducting (HTS) materials, Goyal has made significant contributions to the practical use of HTS and development and fabrication of wires that allow superconductors to be adopted in the marketplace.
An IIT Kharagpur alumnus, Goyal is a researcher at the US Department of Energy's Oak Ridge National Laboratory (ORNL) in Tennessee.
He has received three R&D 100 Awards related to fabrication of HTS wires in the last three years.
He is an author of more than 5,000 citations and holds 54 patents. He has also been ranked as the most cited author globally by the Thompson-Reuters's Essential Science Indicators analysis of citations and papers published worldwide in the last decade in the field of HTS.
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