US economy on revival mode

The US economy grew at a 5 per cent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear.Some of the strength appears to have been sustained, with other data on Tuesday showing consumer spending rising solidly in November, offsetting surprisingly weak durable goods orders.The reports further set the US economy apart from the rest of the world, where growth is sputtering or activity shrinking."Our economy is firing on most cylinders, whereas the global economy is...

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10 Reasons why you should love your Beer!!

1. Beer drinkers live longerModerate drinking is good for you, and beer is good for moderate drinking. Everyone knows that if you drink too much, it's not good for you. Let's not pull punches: If you're a drunk, you run into things, you drive into things, you get esophageal cancer, you get cirrhosis and other nasty conditions. But more and more medical research indicates that if you don't drink at all, that's not good for you either. According to numerous independent studies, moderate drinkers live longer and better than drunks or teetotalers....

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How Rouble collapsed

As United States continues imposing series of international sanctions over Russia after Moscow's actions in Ukraine, ruble is in decline and the country is facing a serious economic situation like 1998. One fears this economic crisis could weaken Russian President Vladimir Putin's grip on power. Sanctions from West have affected Russian economyThe US and Europe have levied several rounds of penalties on Russia's energy, financial and military...

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Future looks bright as India remains upbeat

Decoupling as an investment theme shot to prominence in 2010 when investment managers were hunting for an oasis of economic development after the 2008 credit crisis parched the developed world. China and India were stripped of the BRICs moniker and known as the 'growth engines' that would pull the world economy out of a rut. They did, for a year or so, but they too soon fell into a morass for different reasons. Over the past two years, questions...

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What's so cool about CynogenMod?

Micromax has launched the Yu Yureka, which runs on CyanogenMod OS 11 based on Android 4.4.4. The company has earned the exclusive rights to Cyanogen software in India and has even filed a lawsuit against OnePlus for allegedly infringing those rights. So what’s the deal with Cyanogen and why are manufacturers fighting over its software? Truth be told, Cyanogen is considered one of the best custom ROMs for Android, where it preserves the stock...

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India to offer Nucleur Insurance Pool for suppliers

India is offering to set up an insurance pool to indemnify global nuclear suppliers against liability in the case of a nuclear accident, in a bid to unblock billions of dollars in trade held up by concerns over exposure to risk. Prime Minister Narendra Modi's government is hoping the plan will be enough to convince major US companies such as General Electric to enter the Indian market ahead of US President Barack Obama's visit at the end of next month. Under a 2010 nuclear liability law, nuclear equipment suppliers are liable for damages...

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Know morwe about Constitution Amendment Bill on GST

1. The GST provides a major taxation reform by introducing a national sales tax that will replace a myriad of overlapping state duties that deter investment. 2. The cabinet last evening approved a constitutional amendment bill that allows for this. 3. The draft legislation is expected to be introduced in the current parliamentary session which concludes next week. Four working days remain for the winter session. 4. Investors and manufacturers have long advocated the GST as a way to simplify taxes while broadening the tax base,...

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Diesel Deregulation- 10 things YOU should know

1. Diesel prices will now be market-linked. That means if global crude prices rise, customers will have to pay more for buying diesel and vice versa.2. Diesel prices were cut by a sharp Rs 3.37 per litre today because global crude prices have fallen to a four-year low below $90 per dollar. Oil retailers have been making a profit on selling diesel since September 16.3. The cut in diesel prices today will lead to a further cool off in inflation. That's because diesel is the most used fuel product in the agriculture sector and the...

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Quantitative easing

DEFINITION of 'Quantitative Easing'An unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity. Quantitative easing is considered when short-term interest rates are at or approaching zero, and does not involve the printing of new banknotes. Typically, central banks target...

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WPI hits zero mark

According to the latest data released ,WPI has hit zero – which means prices this November are almost the same as last November – marking a key milestone in the killing of the inflation monster. We have to thank falling global oil prices and slowing manufacturing – and Raghuram Rajan’s high interest rate regime – for this development.With the Consumer Prices Index (CPI) for November already below 5 percent (it clocked in at 4.38 percent), the monetary policy target set for achievement in January 2016 (6 percent) has essentially been over-achieved...

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Corporate Communication giants in Europe

Deutsche telekom Deutsche Telekom AG is a German telecommunications company headquartered in Bonn. Deutsche Telekom was formed in 1996 as the former state-owned monopoly Deutsche Bundespost was privatized. As of June 2008, the German government still holds a 15% stake in company stock directly, and another 17% through the government bank KfW. T-Mobile International AG is a holding company for Deutsche Telekom AG's various mobile communications subsidiaries outside Germany. Based in Bonn, Germany, its subsidiaries operate GSM, UMTS and LTE-based...

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Stem sells could revitalize vision

A study published today in Science Translational Medicine claims to have discovered potent stem cells in the eye that have the ability to restore lost eye sight. According to the researchers from city-based premier eye institute and the University of Pittsburgh School of Medicine, US these stem cells would help restore vision in millions of individuals globally in the future, serving as a potential alternative to corneal transplantation, required...

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Castor Oil: Best for Winter

Winter season is here and it also brings the various skin and hair related problems. Castor oil is one amazing natural product that can help to solve out numerous problems.Read on to know a few health benefits of castor oil:-Castor oil is the answer for almost all of your hair queries. Applying castor oil regularly into your scalp boosts blood circulation and provides necessary oxygen, thereby leading to hair growth. Also, it is a rich source of vitamin E and omega-6 fatty acids that help retain hair moisture and prevent split ends and breakage.-Applying...

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How GST Amendment Bill could reinvigorate India

Indian truck drivers clock an average of 280 km per day, much below the world average of 400 km per day and far below the 700 km the average truck driver in the US does every day. The underperformance of Indian truckers has less to do with bad roads and less fancy trucks and more about prevailing archaic laws. Truck drivers in India spend 60 per cent of their time off roads negotiating check posts and toll plazas, says UBS Securities, which has...

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Rupee slides as RBI prepares for battle

Raghuram Rajan came into office in September 2013 just when the rupee was fighting one of its toughest battles.The currency had sunk to a lifetime low of 68 to the US dollar, when it was trading at 54 five months back. The new RBI chief had then waded straight into the battle: bringing about several financial reforms right off the bat as well as taking innovative steps to attract US dollars from abroad.Within a few months, the rupee came and stabilized at around 60-61 levels where it has hovered since – and the RBI chief then got busy fighting...

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What is TVR's?

TVRs (Television Viewer Ratings) are the standard buying currency for television advertising in the UK. Television ratings are expressed as a percentage of the potential TV audience viewing at any given time. It Measures the popularity of a program or advert by comparing the number of target audience viewers who watched against the total available as a whole. One TVR is equivalent to 1% of a target audience. If an ad in any afternoon show gets a Housewives TVR of 20, that means that 20% of all Housewives viewed the ad. TVR=Reach x Time Spen...

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What is SWF and why India needs Russia's coherance

DEFINITION of 'Sovereign Wealth Fund - SWF' Pools of money derived from a country's reserves, which are set aside for investment purposes that will benefit the country's economy and citizens. The funding for a sovereign wealth fund (SWF) comes from central bank reserves that accumulate as a result of budget and trade surpluses, and even from revenue generated from the exports of natural resources. The types of acceptable investments included in each SWF vary from country to country; countries with liquidity concerns limit investments to only...

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Time to rekindle India's ties with Russia

Let us get to the big picture on India-Russia bilateral relations upfront at a time when Russian President Vladimir Putin holds the 15th Indo-Russian annual summit with Prime Minister Narendra Modi in New Delhi on Thursday.First, let us look at the plus points.Since 1971, no foreign country has been as helpful and as crucial for India as Russia has been. If India won the 1971 War with Pakistan that led to dismemberment of Pakistan and creation...

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Deflation - Its definition and examples from today

When the overall price level decreases so that inflation rate becomes negative, it is called deflation. It is the opposite of inflation. Definition: When the overall price level decreases so that inflation rate becomes negative, it is called deflation. It is the opposite of the often-encountered inflation. Description: A reduction in money supply or credit availability is the reason for deflation in most cases. Reduced investment spending by government or individuals may also lead to this situation. Deflation leads to a problem of increased unemployment...

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Has US overtaken Russia and Saudi as largest Oil producer?

Surpassing Saudi U.S. oil output will surge to 13.1 million barrels a day in 2019 and plateau thereafter, according to the IEA, a Paris-based adviser to 29 nations. The country will lose its top-producer ranking at the start of the 2030s, the agency said in its World Energy Outlook in November. “It’s very likely the U.S. stays as No. 1 producer for the rest of the year” as output is set to increase in the second half, Blanch said. Production...

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What are the US-EU sanctions on Russia?

The EU sanctions announced on 12 September targeted Russia's state finances, energy and arms sectors. These are sectors managed by the powerful elite around President Vladimir Putin.Russian state banks are now excluded from raising long-term loans in the EU, exports of dual-use equipment for military use in Russia are banned, future EU-Russia arms deals are banned and the EU will not export a wide range of oil industry technology. Three major state oil firms are targeted: Rosneft, Transneft and Gazprom Neft, the oil unit of gas giant Gazprom.But...

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Are Recession and Depression the same?

A recession is a contraction phase of the business cycle,when GDP declines for two consecutive quarters is usually called a recession. The U.S. based National Bureau of Economic Research (NBER) defines a recession more broadly as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." American newspapers often quote the rule of thumb that a recession occurs when real gross domestic product (GDP)...

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Balance of Payments , Current Account Deficit and Trade Deficit

Balance of PaymentsThe balance of payments (BOP) is the place where countries record their monetary transactions with the rest of the world. Transactions are either marked as a credit or a debit. Within the BOP there are three separate categories under which different transactions are categorized: the current account, the capital account and the financial account. In the current account, goods, services, income and current transfers are recorded. In the capital account, physical assets such as a building or a factory are recorded. And in the financial...

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