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Showing posts from November, 2012

CIGARETTE BLUES...

Increasing cigarette prices by 50 per cent would help avoid over 40 lakh tobacco related deaths in India, said a report released by multilateral funding agency Asian Development Bank (ADB). "A 50 per cent price increase in cigarettes avoids about 27 million (or 2.70 crore) tobacco-attributable deaths, most of which are in the two most populous countries in the world. China would avoids nearly 20 million tobacco deaths, and India over 4 million tobacco deaths," said the report. For India, it said, the 50 per cent rise in cigarette prices corresponds to increase of 70-122 per cent rise in tax increase. As per the report, China, India, Philippines, Thailand and Vietnam in Asia are among the top five of the 15 tobacco using countries that account for two-third of the world tobacco consumption. For each of the five most tobacco consuming countries in Asia, "increasing taxes on cigarettes would result in substantially fewer long-term smokers and a reduction in premature death…

INDIA GROWS FASTEST...BUT INDIANS REMAIN POOR

Indian economy is set to expand at the world's fastest rate over the next 50 years to emerge as a major force globally, but it would still rank as the second worst in terms of prosperity of its citizens. Over the 50-year period between 2011-2060, India will register an annual economic growth rate of 4.9 per cent, as per a latest report by Paris-based international grouping of the world's leading economies, the Organisation for Economic Cooperation and Development (OECD).
India's per-person GDP (measure of well-being of a country's citizens) will also grow more than 7-fold during this period, but the country will still rank at second place from the bottom by 2060 in absolute terms, said the report.
India was ranked lowest in terms of per-person GDP in 2011 and its position would change only marginally to second lowest after Indonesia in 2060, while China's position will improve considerably from third-worst to 16th from the down.
On the top, the US would be followed…

PER CAPITA INCOME OF STATES - INDIA

India has become the fourth largest economy in the world, yet it lags behind several nations in per capita income. Goa has the highest per capita income in India while Bihar has the lowest of only Rs 24,681. Take a look at 20 states that lead in per capita income... 1. Goa : Rs 1,92,652 (2011-2012) Rs 1,68,572 (2010-2011) 2. Delhi : Rs 1,75,812 (2011-2012) Rs 1,50,653 (2010-2011) 3. Haryana : Rs 1,09,227 (2011-2012) Rs 94,680 (2010-2011) 4. Tamil Nadu : Rs 84,058 (2011-2012) Rs72,993 (2010-2011) 5. Kerala : Rs 83,725 (2011-2012) Rs 71,434 (2010-2011) 6. Maharashtra : Rs 83,471 (2010-2011) 7. Sikkim : Rs 81,159 (2010-2011) 8. Punjab : Rs 78,171 (2011-2012) Rs 69,737 (2010-2011) 9. Uttarakhand : Rs 75,604 (2011-2012) Rs 66,368 (2010-2011) 10. Gujarat : Rs 75,115 (2010-2011) 11. Himachal Pradesh : Rs 73,608 (2011-2012) Rs 65,535 (2010-2011) 12. Andhra Pradesh : Rs 71,540 (2011-2012) Rs 62,912 (2010-2011) 13. Karnataka : Rs 69,493 (2011-2012) Rs 60,946 (2010-2011) 14. Arunachal Pradesh : Rs 62,213 …

INDIA WEALTH

The wealth of individuals in the country is expected to double to Rs 179 lakh crore (rpt) Rs 179 lakh crore in the next four years, according to a report by Karvy Wealth. "The wealth in the hands of Indian individuals continues to grow at a decent pace," financial services company Karvy's Chief Executive and Group Head (Wealth Management) Hrishikesh Parandekar told reporters here. The report says the individual wealth in the country grew to Rs 92,26,090 crore as on March, 2012 from the year-ago's Rs 86,49,764 crore. It will almost double to Rs 179 lakh crore (rpt) Rs 179 lakh crore in the next four years and grow to Rs 214 lakh crore (rpt) Rs 214 lakh crore in the next year, the report said. Direct equity will continue to be the largest asset class, while insurance and fixed deposits and bonds will be joint second, it said. By FY'17-end, direct equity will form 28.7 per cent of total assets, up from 25.4 per cent in FY'12, which reflects th…

WHO WILL BE THE WINNER...

President Barack Obama and Mitt Romney enter the final sprint before Election Day essentially deadlocked nationally in what looks set to be one of the closest presidential elections in U.S. history.
Polls on the state and national level have been, in many cases, razor close. What happens if the candidates tie in the popular vote? In the electoral vote? WSJ's Neil King and Professor of Government Linda Fowler join the News Hub. Photo: AP Images. A new Wall Street Journal/NBC News poll of likely voters finds Mr. Obama leading his rival by a nose, 48% to 47%, as the two men crisscross the country to rally supporters in the states most likely to decide the outcome.
Final polls in many of those states, from Virginia and Ohio to New Hampshire, Colorado and Wisconsin, also find the race too close to call.
Full results of the Journal poll will be published later Sunday.
The two candidates enter the final stage with firm advantages they had from the start. Mr. Obama derives his ti…

GOLD HAT-TRICK

With Diwali round the corner, gold investors with their fat 15 per cent gain since last Diwali appear to be headed for a hat-trick of better returns than stock markets. The returns from stock markets, as measured by its benchmark index Sensex, has been a fixed deposit-like gain of about 8.5 per cent for the same period. With the precious metal rising from Rs 26,700 levels on last Diwali to Rs 30,700 at present, an investment of Rs 10 lakh has appreciated to close to Rs 11.50 lakh now. The total gains by Diwali day next week could be even better as some experts predict that gold may breach its record price of over Rs 32,000 as demand outstrips supply on days of Dhanteras (November 12) and Diwali (November 13). While stock markets have also given positive returns since last Diwali, the performance has not been as robust as the yellow metal. The BSE benchmark Sensex has risen from near 17,300 levels to 18,755 since last Diwali -- resulting into an appreciation of Rs 10 lakh investment to…