Mckinsey and Company's ' Environment and Energy sustainability Report for
India ' says the Indian economy will be much greener than others who have been on a high growth path.The final report concludes that India was,even without major extra efforts ,on path to becoming one of the most efficient global economies.
Friday, October 30, 2009
EXPORTS MAY FALL TO USD 155 BILLION IN 2009-10
According to Federation of Indian Export Organisation (FIEO),India's exports may fall to USD 150-155 Billion in 2009-10 fromUSD 168 Billion in the previous fiscal and the declining trend could be reversed from january.
For the April-August period ,exports dropped by 31.3.percent to USD 63.9.Billion from USD 93.1 Billion. END.
For the April-August period ,exports dropped by 31.3.percent to USD 63.9.Billion from USD 93.1 Billion. END.
VIJAYA BANK HALF YEARLY RESULTS
VIJAYA BANK RELEASED THE HALF YEARLY RESULTS. ADDRESSING THE MEDIA,Mr.ALBERT TAURO,CMD OF THE BANK SAID THAT THE BANK HAS ACHIEVED NET PROFIT OF Rs.108.43 CRORES A JUMP OF 36%.OPERATING PROFIT UP BY55%.
NET INTEREST INCOME UP BY 35.33%.
NET INTEREST MARGIN AT 2.49%.
RETURN ON ASSETS AT 0.68%.
AGGREGATE BUSINESS Rs.95878 CRORES.
DEPOSITS : Rs.58115 CRORES,ADVANCES : Rs.37763 CRORES,
CAPITAL ADEQUACY RATIO : 13.44% (Basel-II)
CASA DEPOSITS : 24%
BOOK VALUE: Rs.68\-.
NUMBER OF BRANCHES : 1124
GROSS NPA RATIO : 2.91%
NET NPA RATIO : 1.46%
The bank is in growth path and they are confident of reducing the Net NPA by year end.
END
Tuesday, October 20, 2009
EDITORIAL
CHINA PROVOKING INDIA
China is systematically provoking India to make a wrong move. The government of India is
aware of this game and going carefully. China initially tried to stall Asian Development Bank
(ADB) loan for projects in Arunachal Pradesh.Then they objected to H.H.Dalai lama's visit to Tawang in Arunachal Pradesh. They objected to the Prime Minister Dr.Manmohan singh's visit to Arunachal Pradesh. Then they started issuing Visas to Indian Citizens from Jammu & Kashmir on a separate paper instead of stamping on the passport. Now, they are treating kashmir as a separate country in the media kits provided by the Chinese authorities to journalists in Lhasa in Tibet.
India & China are Two big Countries with ancient cultures in the Asian continent. It will be better both the countries settle the dispute across the table instead of provoking each other which will not be good for both the countries.
China is systematically provoking India to make a wrong move. The government of India is
aware of this game and going carefully. China initially tried to stall Asian Development Bank
(ADB) loan for projects in Arunachal Pradesh.Then they objected to H.H.Dalai lama's visit to Tawang in Arunachal Pradesh. They objected to the Prime Minister Dr.Manmohan singh's visit to Arunachal Pradesh. Then they started issuing Visas to Indian Citizens from Jammu & Kashmir on a separate paper instead of stamping on the passport. Now, they are treating kashmir as a separate country in the media kits provided by the Chinese authorities to journalists in Lhasa in Tibet.
India & China are Two big Countries with ancient cultures in the Asian continent. It will be better both the countries settle the dispute across the table instead of provoking each other which will not be good for both the countries.
