SABIC  Opens its SABIC Technology Centre in Bengaluru.

Mr.Mohamed H Al-Mady,Vice Chairman & CEO addressing Media.

Prince Saud bin Abdullah bin Thenayan Al-Saud,chairman SABIC and Chairman  of 
the Royal Commission for Jubail & Yanbu inaugurates the centre.

The Centre with an initial investment of US$ 100 million is one of 17 SABIC global R&D centres of excellence.The STC,with an area of 1,87,000 Sqmetres  will have 
300 scientists,of which 150 will be Ph.D's. This centre will focus primarily on 
diverse areas of research in Chemistry,material Science,process engineering,analytical & application technology.

This Centre will support business as a strategic centre of excellence to cater to
global & regional needs.The Governor of karnataka Mr.H.R.Bharadwaj, and
Union Ministers Mr.Rehman Khan and Mr.Shrikant Jena were also present.

INDIANS CAN NOW SET UP OFFSHORE COMPANY IN AJMAN,UAE.

Offices in Ajman free Zone available for as low as US$555 per month in 24 hours.

Over 8000 companies are registered and operating Ajman Free Zone ,of which,38% are of Indian Ownership. 

20 years land contract,renewable for another 20 years (4 decades of tax free .
operations).One can own an ooffice,warehouse,or land and get trading  license (commercial license for import & export).Service License,industrial license etc. Further,e-Commerce transactions are surging in the region and Ajman Free Zone Authority offers e-commerce license to its customers at a price far lower than other free zones.

                                                            INCLUSIVE GROWTH OR DIVISIVE GROWTH.

 Every day we hear the ministers,political leaders and the media talk about inclusive
 growth.Inclusive growth is, we all grow together with equal oppurtunities to all and
 creating an eco system for the talents to bloom & prosper and no one in the society
 Is either suppressed or oppressed. The United states of America is one such  
 example of a country which has the eco system for equal oppurtunity.This is the 
 essence of true democracy.

 Now, let us ponder whether  we,as a country as an eco system for equal
 oppurtunity .The answer is -NO. India is a free country for the last 66 years.It is
 true we have grown in all fields.But is it sufficient to sit and relax as a country       
 of 1.2 billion people and 1.2 billion aspirations.Our society is fragmented and there  
 is mistrust between and amongst the members of Indian society.Hence, what     
 needs to be done to integrate and to set common goals for the development of the   
 country as a whole,This should be the agenda for all the political parties, thought  
 leaders and the media for  the General elections to be held in 2014.Let us not   
 divide the country for the sake of Vote banks.Let us learn from the history of the
country.We were invaded by Muslims ,by Greeks,the French,the Portuguese and
finally the British who ruled our country for more than a century.

Mr.Vipin Sondhi,M.D.&CEO JCB India addressing media.

JCB India Limited started operations in 1979 and is the fastest growing company in the earthmoving & construction equipment industry.

JCB SHOWCASES 19 NEW MACHINES AT EXCON 2013.

At EXCON 2013,JCB, showcases JS81,JS120,JS205,JS145,JS220LC,JS205LR & JS30 Mini Excavator. Apart from the world leading products,JCB,will also have a dedicated Innovation Centre at the 
stand which will showcase a 3D virtual tour of JCB's world class facilities.

Mr,Upendra Kamath CMD with Two Executive Directors addressing Media

VIJAYA BANK PERFORMANCE HIGHLIGHTS FOR HALF YEAR ENDING 30.09.2013.

* Deposits Rs.1,07,936  crores .
* Advances Rs.71,434  crores.
* Net interest income     Rs.1062.32   crores.
* Net Profit Rs.268.68 crores.
* Operating profit up by 27%.
* Yield on advances 11.49%
* Gross NPA 2.77%
* Net NPA     1.75%
* Total branches :1457
* Total ATM's     : 1001


Guidance for 2014:
* The bank aims to reach Total business of Rs.2,00,000 Crores by December,2013.
* The bank branches to increase to 1500 by December,2013.
* Continuous monitoring of the credit portfolio by the bank to avoid fresh slippages.
* To increase fee based income.
The Chairman & Managing Director Mr.H.S.Upendra Kamath said,"The bank is on
growth trajectory and with the steps initiated and strategies adopted,the bank is 
poised to post further improvement in performance".

INDIA'S MISSION TO MARS LAUNCHED SUCCESSFULLY.

India joined the elite club by launching the PSLV C- 25. Till now only USA,Russia & European union have undertaken the mission successfully.The mission which costs Rs.450 crores ($73.5 million) is India's first inter planetary mission to Mars.

We as Indians should be proud of this achievement and congratulate the entire team of ISRO scientists.
HATS OFF TO ISRO.

BANGALORE RANKED No.1 FOR DOING BUSINESS IN INDIA.

Bangalore is  ranked as the hottest business destination in the country leaving
behind Mumbai & Chennai according to study conducted by Global Initiative for
Restructuring   Environment & Management (GIREM- a non profit organisation)
and DTZ global leader in property services.

ALL MANUFACTURING FACILITIES OF CARBONATED SOFT DRINKS 
SHOULD BE MONITORED PERIODICALLY SAYS SUPREME COURT.

The  public has the right to life and hence the Food  Safety & Standards Authority of India should make periodic checks of all manufacuring facilities of carbonated
soft drinks says the Country's highest court,the Supreme Court.

Well known nutrionist Dr.Ishi Khosla,says,"colas have destructive effect on one's 
health essentially because of the high sugar content.Each 330 ml of a serving of
Cola contains about eight to nine teaspoons of sugar,a primary cause of Obesity
among children and adult alike.Besides, the calories in Colas are all empty calories
and provide no nutrition but only chemicals.".

'"The caffeine content in colas  though minimal,also makes them addictive".says
Dr.Sunita Roy Choudhary of Rockland Hospital.

Courtesy:Yahoo News India.

 

    RBI-Foreign Bank's Policy.

Mr.Raghuram G Rajan,RBI Governor said, RBI will soon come out with  a new
policy  for entry of  foreign banks that may even allow them to take over small
Indian banks. This move is not a good move as we are opening a big financial
market to foreign banks.As we know foreign banks are interested in only retail
credit and credit cards. They may not be willing to  operate in remote rural 
areas like State bank of India and public sector banks.If at all RBI wants to
open up & allow new foreign banks into the country, they may stipulate the
same conditions as they have set for new banks entry whose applications are
still pending with RBI.Foreign banks with their large capital base may swallow
few small banks which are prone and whose capital base is small.Once they take
over such small banks,they may close unviable branches and would like to operate
only in Tier  I and Tier II cities as they are interested only in their bottomline.
 

BANGALORE TO HOST 5th EDITION OF INDIA INTERNATIONAL COFFEE FESTIVAL FROM 21st JANUARY,2014 TO 25th JANUARY,2014.

National and international players in the coffee industry including policy makers,industry captains,exporters,manufacturers and 
world leaders in the coffee industry will be participating in the  IICF.The Theme of the conference will be " THE CHANGING FACE OF COFFEE".The conference will be 
addressed by 40 global experts covering marketing & production trends.Workshops
on processing, roasting and brewing will be held by leading global companies like
Pinhalense,Probat,Buhler,Bunn O Matic,Marco & Kaapi machines.The highlights of  
this five day event will be Coffee Awards,Coffee trail,Barista championship,Coffee Quiz and Lauch pad.

The event was addressed by Mr.K.J.George,Minister for Home,Government of karnataka,Mr.S.V.Ranganath,Chief secretary,Govt.of karnataka,Mr.Jawaid Akhtar,
Chairman,Coffee Board,Mr.Hameed Huq,M.D,Tata Coffee,Mr.Anil kumar Bhandari,
President,India Coffee Trust, Mr.sahadev Balakrishna-Trustee,India Coffee Trust.

About the coffee industry:The total production of Coffee in the country last year
was 3,18,000 M.T.This year production target is 3,47,00 M.T. The country is exporting 70% of its production.The domestic consumtion though low is growing at 
5 to 6% .The per capita consumption of coffee is just 90 gms.The country has to increase the domestic consumption.

The Coffee industry faces many problems  which includes shortage of skilled 
man power and the attacks from the pests like White stem Borer 
Black Twig Borer ,Coffee Borer Beetle etc.Hence, there is an urgent need to address these problems.Further, there is also need to brand Indian Coffee and also expand the area of cultivation.  .

EDITORIAL  
                                                                   RAHUL'S COMMENT ON ORDINANCE.

I have observed Mr.Rahul Gandhi as a sober person who normally does not get
provoked But I was shocked to see him in the Press conference using strong words 
like 'nonsense'and saying that the ordinance should be torn. The ordinance is 
approved in the cabinet sent to the President for signature and two senior  
ministers in the cabinet has gone to the President to convince him about the purpose of the ordinance. At this juncture,calling the ordinance as nonsense does 
not make  sense.Afterall, he is the senior functionary of the Congress Party and his views are respected not only within the Congress party but also in the government.

He should have voiced his opinion in the congress party's forum which  would have  
stopped the ordinance.Ofcourse, the ordinance is flawed and the public sentiment 
is against such Ordinance.

Even his father, late Mr. Rajiv Gandhi was also a sober person and ever smiling.He 
too once got irritated and said in a Press conference to a question of a journalist 
that 'you will be discussing with  new foreign secretary'.By this statement,he  
almost sacked the senior foreign service bureaucrat Mr.A.P.Venkateshwaran,who 
was the Foreign Secretary then.This ended the distinguished career of Mr.A.P.Venkateshwaran. 

  EDITORIAL.
                                                                      INDIAN SECULARISM.

Indian secularism should be a model to the world.We as Indians are secular in our 
thought  & action. India never attacked any country for any reason,though it was
attacked  for centuries. India has seen the invasion of Moghuls,Greek,Portuguese,
French,Dutch & the British. Many foreigners ruled this country for centuries and 
even some looted and plundered this country of its wealth. India called as Bharath 
earlier was following the Sanatana Dharma, a mantra  for harmonious living. India
is a great country with rich culture & traditions which attracted many towards
it.India has nurtured many religions,and also given birth to many religions.Hence,
nobody need to be worried whether India will become a communal country. India 
can never become a country which hates any religion.My appeal to politicians of   
every hue and colour not to talk of religion or talk of majority or minority in their   
election speeches.Let us talk of development, Industrial growth,infrastructure  
growth,employment to all and above all peace.