Thursday, December 3, 2009

Aaj ki taaza khabar

May not be as taaza.. but waise bhi news channels bhi kaunsi taaza khabrein dete hai
anyway i am just putting this on blog so that i can kip looking at it again and again... and it fixes somewhere in some kopcha of my brain....

- India is ranked 134 th on UN Human development Index :( of the United Nations development program.. The index takes into account various parameters like poverty levels, literacy levels, gender related issues.. China, Sri Lanka and Bhutan ranked 92, 102 and 132 resp...
Top 10 constituted Norway (1st), Australia, Iceland, Canada, Ireland, Netherlands, Sweden, France, Switzerland and Japan...

- IMF sees strong medium term outlook for India.. It retained its projection for economic growth at 5.4 per cent in 2009...implying slower growth rate in second half of this calender year.. next year projection lowered by 0.1% to 6.4%.. this year 1st quarter and 2nd quarter growth rates 5.8% and 6.1% resp.
2008 - 7.3%
2007 - 9.4%

- According to Boston Consulting Group value of global mergers and acquisition deals is likely to drop by nearly 50% this year. The mergers and acquisitions space has witnessed only 12700 transactions with a combined valuation of mere USD 681 billion in the first 6 months of the year, with the number of deals dropping 17% from the same period in 2008.

- Net direct tax collections grew by 3.7% during the first six months of the current financial year to stand at Rs 152625 cr.. primarily guided by a 5.5% rise in corporate tax collections, reflecting an increase in corporate income.
Direct tax target for the year -
set by govt: 4,00,000 cr
original budget target: 3,70,000 cr

- Cumulative FDI inflows from 2001 till July 09 is USD 100.33 billion
Inflows for the first 4 months of the current fiscal = USD 10.49 billion
Major countries accounting for inflow - Singapore, UK, US and Netherlands
Sectors attracting FDI: service sector (max - 23% of the cumulative equity FDI inflows), followes by software, hardware, telecommunication and real estate)

- Current Mayor of Mumbai - Shraddha Jadhav (Shiv Sena)

- Engineering service Outsourcing to increase to USD 4o billion by 2020 from present level of USD 2.5 billion to USD 3 billion...

source: Nasscom newsletter

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