Tuesday, June 26, 2007

Starbucks Corp will send application for its entry into India

Coffee shop chain Starbucks Corp. (SBUX.O) will send a revised application for its entry into India after its earlier proposal for a franchise operation was put on hold, the Business Standard newspaper said on Wednesday. India's Department of Industrial Policy and Promotion is of the view that the U.S. firm should enter through a foreign direct investment route as its franchise plan did not conform to foreign investment norms, the paper said, citing a government official.

It has been reported that Starbucks had proposed to enter the fast-expanding Indian market through a franchise 51 percent owned by its Indonesian franchisee V.P. Sharma, with the rest held by India's Future Group CEO Kishore Biyani.

This arrangement was not acceptable as Sharma was a non-resident Indian, the official told the paper.

"We have not send the proposal to the Foreign Investment Promotion Board, which will take the final decision on the matter. We don't know how the company will draft its new proposal and the route it will take," the official said.

Earlier, a local newspaper had reported that Starbucks had refiled its application, opting for a franchise rather than a planned joint venture because India had not cleared its proposal.

Foreign single-brand retailers can take 51 percent in a venture with a local Indian partner, while multiple-brand retailers are limited to cash-and-carry or franchise and license operations.Read more from: http://www.washingtonpost.com

Wednesday, June 20, 2007

Bharat Diamond Bourese Mumbai operations will starts before Diwali

India is set to become a diamond trading hub in the next two years as the ambitious Bharat Diamond Bourse is expected to start operations at the Bandra-Kurla Complex in Mumbai by this Diwali.

As an international destination the Bharat Diamond Bourse aims to further enhance India position in the world diamond market once it becomes fully operational by October November Bharat Diamond Bourse president Anoop said.

With world class facilities under one roof the bourse world contribute to 90 percent of country’s diamond trading activist he added.

Bharat Diamond Bourse is establishing a 18 lakh sq ft complex at Bandra Kurla Complex a business district in the suburbs at an estimated cost of Rs900-1000crore.

The main objective is to established a bourse for promotion and export of diamonds and to provide infrastructure and other facilities in India for domestic and overseas buyers and sellers of diamonds.

Instituted to cater all the needs of the diamond trade Bharat Diamond Bourse is anticipating to deal with over 30,000 people a day.

The facilities at BDB would include officers of diamond traders strong rooms, locked and customs clearance facilities with all modern facilities required to carry day to day business

Monday, June 18, 2007

Special organic digesters capable of dealing with a variety of garbage

Das, who has developed special organic digesters capable of dealing with a variety of garbage, has become a pioneer of sorts in this state which boasts of human development indices that compare with the developed world, but has some way to go when it comes to scientifically managing garbage.

So efficient and clean are the digesters that Biotech, a non-governmental organisation (NGO) that he runs, has been named a finalist for the 2007 Ashden Awards in Britain, sometimes called the ‘Green Oscar' for the prestige it carries.

It all started in 1994 when Das, tired of seeing mountains of stinking food waste lying about unattended in public places and crawling with flies, rats and other disease-breeding vermin, decided to do something about it. His strategy was simple; find cheap, environment-friendly ways to convert what seemed like an endless supply of rich organic matter into valuable methane (cooking gas) and fertiliser.

Once Das had perfected a digester that worked well on food waste, all he had to do was nose around for the smelliest and biggest dumps in the state's urban areas. He struck gold in the town of Kadakkal in Kollam district where now an integrated recycling plant digests one tonne of waste daily to produce three Kw of electricity that lights up 120 street lamps.

‘'The fact that the public in Kadakkal was already agitated over garbage accumulation helped a great deal in seeing through the Biotech project,'' M. Nazeer, an elected panchayat (local body) leader, told IPS.

Segregation into wet waste, dry biodegradable waste and recyclable solids like glass, metal and plastic is still done manually. For his biogas plant what is most valuable is wet waste -- a rich slurry, which in Kadakkal includes blood and effluents from the local slaughter house, that is run through a pre-digester to optimise bacterial action.

Biotech's ‘integrated waste recycling plant' is equipped to deal with all types of waste generated by markets, slaughter houses, and restaurant kitchens. The success of the integrated plant is that it generates biogas for fuel, electricity for lighting and a valuable organic fertiliser called NPK (Nitrogen-Phosphorus-Potash mix). The plant incorporates no less than five technologies -- biomethanisation, biocineration, leach beds, waste water treatment and vermicomposting -- to complete the process.

While the biomethanisation unit handles easily degradable materials such as fish and meat, and food leftovers, the biocinerator is used to burn slow degrading wastes such as dry leaves, plants and paper. The plant uses leach bed technology to treat vegetables and green leaves. Anaerobic waste treatment is carried out in a special reactor and the final part of the process employs earthworms in a vermicompost unit.

"All this can be set up at a cost of just Rs.1.6 million (40,000 US dollars) as we know from experience at Kadakkal which became the first panchayat in the state to produce electricity from solid waste". Das has now set up ten such plants across the state.

Explaining the secret of his technique Das said: "The usual treatment plants installed in fish markets and slaughter houses are not capable of dealing with dry leaves and plants. Treatment of fibre-rich vegetable matter creates scum in biogas plants, reducing their efficiency. Burning wastes using an incinerator creates pollution and is wasteful. The solution was to apply different technologies at appropriate stages.

At Kadakkal nothing is wasted. Water is extracted and recycled so that it can be sent back to the abattoirs to help flush them out. The electricity generated by the plant is used to run all the equipment, while the biogas produced by the methanisation unit provides all the fuel needed for the incinerator.

Biotech's pride is the bio-waste treatment plant located at Sreekaryam, outside the state capital of Thiruvananthapuram. This efficient plant is capable of processing 250 kg of waste daily and produces three Kw of electricity.

A.P.Murali, president of the Sreekaryam panchayat, said : "Fish, fruit and vegetable waste generated by the market is fed into the treatment plant and converted into methane gas. Water used for the processing is recycled and fed back into the unit. The methane gas is passed through special biofilters and used to power a generator that supplies electricity to street lamps through a control panel. And the whole unit only cost Rs 700,000 (17,000 dollars).''

Biotech units thrive on human waste. Kumbalangi, in costal Ernakulam district, which has been declared a ‘model tourism village' has 140 Biotech plants designed to run on waste from lavatories. Kumbalangi also has 800 plants that produce biogas from other wastes, set up with support from the central government and the tourism department.

Biotech plants have many advantages over the old centralised garbage disposal systems. There are no collection and transportation problems and all the maintenance can be done on site. Plants can be designed and scaled up or down according to the needs of the customer. The popular domestic version needs just one sq m of space to fit into and manages both solid and liquid waste simultaneously.

Vizhinjam panchayat, in which the international tourist destination of Kovalam is situated, now has 575 homes with garbage digesters installed and Biotech has a long list of orders.

J.Asuntha Mohan, president of Vizhinjam panchayat, said: "After installing the plants people here have been able to save substantial amounts of money against expenses on imported Liquefied Petroleum Gas (LPG) that is used for cooking. We are now trying to install a large recycling plant at Kovalam that can tackle the one tonne of garbage generated daily by the tourism industry.''

Well-known environmentalist and literary figure Sugathakumari said bio-waste digesters are a boon to Kerala. "Our local bodies have no pre-planning. They do not know how to utilise the bio-waste effectively while spending millions of dollars in the name of garbage removal,‘' she said. "The integrated recycling plant solves the critical problem of garbage disposal while producing cooking gas, electricity and organic fertiliser. What more can you ask for?'' Read more from:http://www.ipsnews.net/

Sunday, June 17, 2007

mysterious coin shortage gripping the eastern Indian city Calcutta

CALCUTTA, India — A mysterious coin shortage gripping the eastern Indian city of Calcutta has shopkeepers begging for change from beggars and buying coins at prices above their face value.

No one knows exactly why there is no change in Calcutta or why the dearth has affected only this city of 14 million, but it has spurred the Reserve Bank of India to emergency measures, distributing millions of coins to try to satisfy the demand.

Since the coin shortage became acute at the beginning of June, the bank has distributed nearly 5 million rupees — $121,950 — worth of coins, including one million on Thursday alone, said Nilanjan Saha, the bank's treasurer in the city.

But the emergency supplies have failed to stem the demand.

Some 2,000 people stood in two lines on a recent day at the bank to exchange currency notes for coins, many planning to resell them for a profit.

One woman, who asked not to be named, set up shop outside the bank selling packets of 100 rupee coins for 120 rupees.

Others braved the long lines, saying they could not afford those prices.

"I have come at 7 a.m. and after four hours, I am yet to reach the counter," said Laxmi Narayan, whose brother runs a roadside shop selling bread and eggs.

"We can't afford to pay the extra 20 rupees for 100 rupees worth of coins, this eats up our profit margin," said Narayan.

Many have found creative alternatives.

"It may sound strange, but we have found that beggars are a good
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source of coins," said Mum Poddar, who runs a small shop selling stationary.

Frustrated customers said they were being forced to buy more produce so the amount would be a round number, or were getting their change in other goods.

"If I am supposed to get back one rupee or 50 paise, the shop owner gives me one or two toffees, saying he does not have any coins," said Sandeep Kundu, a local resident. There are 100 paise in a rupee.

Bank officials said they were mystified by the shortage. "There is no reason," said Saha. "But I have heard reports that some unscrupulous traders were melting coins because the face value of the coins are lower than the metal value."

The bank was also investigating claims the coins were being melted down to make razor blades.

There are "reports that as many as six blades can be made from one single one rupee coin," said bank security officer Subal Chandra Naskar. Read more new about india from:http://www.connpost.com/

Thursday, June 14, 2007

Overvaluation of India's currency

Large capital inflows could result in overvaluation of India's currency and erode competitiveness of traditional and goods sectors in the long term, the deputy governor of Reserve Bank of India said on Thursday.

Deputy Governor Rakesh Mohan, in a paper for a Bank of France seminar in Paris posted on the RBI's Web site www.rbi.org.in, said large remittances and a sustained spurt in software exports were complicating exchange rate management.

"(These) coupled with capital inflows have the potential for possible overvaluation of the currency and the resultant erosion of long-term competitiveness of other traditional and goods sectors," Mohan said.

India is part of the way through a three-phase, five-year plan towards greater capital account convertibility.

The economy, Asia's third-largest, has grown at an average 8.6 percent over the last four fiscal years, and has attracted massive amounts of foreign investments and capital.

This has been driving up the partially convertible rupee, which hit a nine-year high of 40.28 per dollar in late May, and the central bank has been intervening in the currency market since then to stop it from rising further.

Mohan said opening up the capital account meant market participants needed to be better able to absorb greater volatility and shocks.

"In the context of progress towards further capital account convertibility, the market participants are going to be faced with increased risks on multiple accounts: volatility in capital flows, volatility in asset prices, increased contagion and state of ability of legacy institutions in managing risks."

While India has inflation goals, Mohan said inflation targeting may not be appropriate, partly because financial markets were not developed enough.

Mohan said interest rate deregulation was essential to smooth monetary policy transmission, but policy makers were constrained by special considerations in a large and developing economy.

Particularly, monetary policy transmission was muted by administered interest rates on small savings schemes and provident funds, as they competed for funds with banks.

Mohan said the RBI may need to step up open market operations in the government bond market to improve the transmission of monetary policy.

Such operations could differ from its daily and weekly operations to manage cash in circulation and capital inflows.

As the government bond market was yet to develop depth, "there is a case for secondary market operation across the yield and maturity spectrum", he said.

There would also be a continuous need to adapt liquidity and exchange rate management strategy, and global developments were expected to have an increasing role in monetary and currency policy.

"In an environment of global convergence, retaining independence of monetary policy may become increasingly difficult, calling for hard choices in terms of goals and instruments," he said. Read more from: http://in.today.reuters.com/news

Wednesday, June 13, 2007

India still struggling with a huge shortage of blood and donors

While Thursday is World Blood Donors day, the tragedy is that in India we are still struggling with a huge shortage of blood and donors, especially when most required.

For instance, four-year-old Krishnapriya suffers from Thalassemia, a medical condition that requires her to get regular transfusion of blood.

She needs one unit of O+ve blood every 25 days, and arranging that each time is a nightmare for her parents as there is a chronic shortage of blood.

When an NDTV team accompanied the parents to the government-run Niloufer Children's hospital, the attendant at the blood bank asked them to wait, after two hours, the duty doctor informed them that blood was not available.

The next stop was a private blood bank. The staff over there demanded Rs 800 for a unit of blood and even that would be given only if a donor was provided to replenish the blood stock.

''Unless you bring a donor of the same blood group, we can't give you blood,'' said Staff, Blood Bank.

Finally, the family visited a corporate hospital, where Jayashree, Krishnapriya's mother, managed to get one unit of blood for Rs 1150.

''Government hospitals are never of any help. Private hospitals ask up to Rs 2000. Middle class people like us can't afford that much money. And even if we buy from private blood banks, we fear the blood won't be safe,'' said Jayashree, Krishnapriya's Mother.

According to estimates, Andhra Pradesh requires at least nine lakh units of blood a year.

But blood banks get less than half the requirement, and the number of donors reduces further during the summer.

''We should include information about blood donation as a part of the curriculum in colleges and even at the level of schools. If the government does that, at least a section of people will be motivated,'' said Dr Raghava Reddy, Medical Officer, Red Cross.

Last summer in Hyderabad, apparently the price of a unit of B-ve blood touched up to Rs 4000.

Doctors say that if one regularly donates blood from the age of 18, then that could help out at least 120 people.

Clearly everyone needs to play their part to ensure that those in need of blood are taken care of. Read more news from: http://www.ndtv.com/

Tuesday, June 12, 2007

A series of exclusive computer animated feature films

In an attempt to create a series of exclusive computer animated feature films, Yash Raj Films (YRF) Studios and Walt Disney have teamed up together to produce a series of exclusive computer animated feature films.

It is for the first time that Yash Chopra, Chairman, Yash Raj Films and Dick Cook, Chairman, Walt Disney Studios are coming together for a venture. On the eve of this occasion,

Yash Chopra, Chairman, YRF, said, “Yash Raj Films and Yash Raj Films Studios have been at the forefront in live-action feature films for almost four decades. Together with my son Aditya, we have created our own space with the efforts of a wonderful team -- both creative and business -- and have had the opportunity of producing films that we believe in; films that entertain a large population, as well as the Indian diaspora.”

Chopra believes that the tie-up is not just the coming together of two organisations, but it is also the teaming up of two individuals with similar culture and traditions.

Dick Cook, Chairman, Walt Disney Studios, said, “We are thrilled and honoured to be working with Yash Chopra and Aditya Chopra and their talented teams at YRF Studios in the Indian language that are culturally relevant for the avid movie-going audiences in India and around the world.”

Cook added that animation is a new and rapidly expanding area in India, and this collaboration will bring the very best in story-telling and cutting edge technology together.

Both companies will be equal partners in the venture and will contribute creative, technical and financial support to the project. Aditya Chopra would be the creative head of the alliance. ‘Roadside Romeo’, a film set to release in 2008, will be the first film to be co-produced by this alliance. It will be produced by Aditya Chopra, and written and directed by Jugal Hansraj. Read more from: http://www.exchange4media.com

Friday, June 8, 2007

The long-standing dialogue between US and India on non-proliferation and security issues.

US Assistant Secretary of State John C. Rood will lead a delegation to India June 13-14 to continue the long-standing dialogue between the two countries on non-proliferation and security issues.

He will meet with officials from India's Ministry of External Affairs to discuss global nonproliferation challenges and approaches to addressing them, including multilateral initiatives and strategic trade controls, the State Department announced Friday. He also will engage on regional security issues, including nuclear and missile issues and missile defence,it said.

Rood will earlier lead a US delegation to the third meeting of Global Initiative to Combat Nuclear Terrorism in Astana, Kazakhstan, June 11-12. Rood together with Russian Deputy Foreign Minister Sergei Kislyak will chair the meeting.

In Astana, Rood will be joined by US National Nuclear Security Administration Deputy Administrator, William Tobey, Principal Deputy Assistant Secretary of Defence for Global Security Affairs, Joseph Benkert, and Director of the Defence Threat Reduction Agency, Dr. James Tegnelia.

Global Initiative partner nations will review the progress of current Plan of Work activities designed to build partnership capacity, discuss means to address potential gaps in implementation, and welcome new partner nations.

Participants also will link up via video conference with the FBI sponsored International Nuclear Terrorism Law Enforcement Conference in Miami, Florida, a Global Initiative activity bringing together more than 500 law enforcement officers from 20 countries June 11-15. There are presently 50 partner nations in the Global Initiative to Combat Nuclear Terrorism.Read more news about india at: http://www.zeenews.com/