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BIG FOREIGN COMPANIES FACING PROBLEMS IN CHINA

INDIA MAY BE BENEFITTED MOST
Subrata Majumder - 2014-02-07 13:15
China’s economy grew by 7.7 percent in 2013 - plummeted from a double digit growth of 10.4 percent three years ago. Its export plunged to 7.9 percent growth in 2012 from 20.3 percent in 2011. In 2013, export is unlikely to meet the target of 6 percent growth. In tandem, China lost its allure to MNCs. Foreign investment increased marginally by 1.4 percent over the three year period - from US$ 116.0 billion in 2011 to US$117.6 billion in 2013. Many MNCs are considering to pull out from China. Best Buy, an American electronics retailer and Media Market, a German company, put their shutters down. Revlon will pull out in near future and L’Oreal will stop selling Garner brand in China. Tesco, a British retail giant, joined hand with local firm, turning down its intention to go alone.

CONGRESS SATRAPS UP AGAINST CHIDAMBARAM ON SPENDING CUT

JAIRAM LEADS REVOLT AGAINST HIS MENTOR
Nantoo Banerjee - 2014-02-07 13:11
Is Palaniappan Chidambaram, once regarded as Congress-led UPA’s second most powerful minister, being finally sidelined by the government for arbitrarily pinching the pockets of ministers and bureaucrats, cutting public expenditure across the board and tightening import regulation to enforce fiscal discipline and improve the country’s global rating?

Cyber security, a challenge says Defence Scientific Adviser

India has anti-satellite capability, INS Arihant to be ready by 2015
ASHOK B SHARMA - 2014-02-07 10:51
New Delhi: The Scientific Adviser to the Indian Defence Minister has termed cyber security as the biggest challenge for the country and has planned to protect the country's defence research system from hackers by a 'multiple-layered secured system'.

BEL inks MoU with Sagem at DefExpo-2014

ASHOK B SHARMA - 2014-02-07 07:15
New Delhi: Availing the platform provided by the ongoing DefExpo-2014, India's leading Defence Public Sector Undertaking, otherwise called Navratna, Bharat Electronics Limited (BEL) signed a Memorandum of Understanding (MoU) with M/s Sagem Défense Sécurité, France, here on Friday to explore co-operation in the production and supply of Navigational sensors like periscope, inertial navigational system and optronic mast to the Indian Navy for its various platforms under consideration for future induction.

Antony throws a challenge for further modernisation of Armed Forces

Says 92% of Capital Budget used up
ASHOK B SHARMA - 2014-02-06 14:11
New Delhi: Major procurements for the Indian Defence Forces will be made in the upcoming financial year beginning April 2014 as about 92% of the Capital Budget has already been spent.

DefExpo kicks off sans presence from China, Pakistan

India raises security concerns in neighbourhood
ASHOK B SHARMA - 2014-02-06 12:32
New Delhi: The gala DefExpo India 2014 kicked off in the National Capital on Thursday with the participation from 30 countries, but excluding two major neighbours - Pakistan and China.

CAN THIRD FRONT BECOME REALITY?

REGIONAL SATRAPS MUST COALESCE
Kalyani Shankar - 2014-02-06 11:55
Is there a scope for a third force again? It is nearly two decades since a Third Front government ruled India. However this idea is resurrected before every general election. The regrouping of political forces has already begun. Both the UPA and the NDA have shrunk and they are looking for partners. The likelihood of a Third Front government in 2014 cannot be ruled out if there is a hung Parliament.

AgustaWestland, Finmeccanica struck off from Defexpo

ASHOK B SHARMA - 2014-02-05 14:28
New Delhi: The three-day Defexpo India is slated to kick off on Thursday without the participation of AgustaWestland and its parent company Finmeccanica, even though there would be presence of 368 foreign companies.

INDIA IN A HURRY TO FORGET NETAJI

HISTORICAL REVISIONISM AT ITS WORST
Garga Chatterjee - 2014-02-05 11:39
When Jawaharlal arrived in a Kashmiri Brahmin family of Allahabad on 14th November, the seed of Children’s Day was born in this brown land. For some curious reason, decades of publicly money funded propaganda has ensured that people are fed stories about unverifiable heartwarming anecdotes about child welfare priorities of the Indian Union’s first Prime Minister, father of the Union’s fourth Prime Minister and grandfather of a subsequent one. What is verifiable though is that the regime of the great do-gooder of children also ruled for long years over the highest number of hungry, starving children among United Nations member states. But then, Henry Kissinger also won a Nobel peace prize.

INDIA-WEST ASIA RELATIONS SET TO IMPROVE

SYRIA IS NOW THE ONLY WORRY
Nitya Chakraborty - 2014-02-05 11:36
The year 2014 promises to bring good opportunities to India in giving a big push to the economic relations between India and the West Asian nations. The positive developments in solving the political problems in Iran, Iraq and Syria as also the consolidation of the Sisi regime in Egypt signal the advancement of the process of democratic change in the region and it is a good omen for India. India has a long standing good political and economic relations with the West Asian nations and there are indications that this will be further bolstered in the coming period.