$66.1 billion – Remittances from Indians employed abroad have been steadily increasing since 2009-10. The amount rose from $53.6 billion in fiscal 2009-10 to $55.6 billion in 2010-11 and to $66.1 billion in 2011-12.
3500000 – Tourist numbers in Goa are expected to swell to 35 lakh during the forthcoming season. – Dilip Parulekar, state Tourism Minister
$144 million – Wipro Ltd acquired Singapore-based L.D. Waxson Group, a consumer brand firm for $144 million (Rs.78 crore), in an all cash deal.
10 – The Indian Space Research Organisation (ISRO) is planning to accomplish 10 space missions in the next one year
$ 200 million – Panasonic would invest more than Rs.1,000 crore in the next five years. The company will invest about $200 million till 2015 and provide direct employment to 2,000 people.
2 million – A total of two million Indians work in Saudi Arabia followed by 1.8 million in the UAE. Kuwait was home to an Indian working population of 641,062 followed by Oman (581,832), Qatar (500,000) and Bahrain (400,000).
Raves & Rants :
India’s estimated proven coal reserves of 118 billion tonnes are expected to last the country for over a 100 years. Pratik Prakashbapu Patil, Minister of State for Coal
We dedicate this show to Pandit Ravi Shankar, who passed away” – The band’s lead vocalist Axl Rose American rock band Guns N’Roses dedicated their concernt in Gurgaon to sitar maestro Pandit Ravi Shankar, who died in the US at the age of 92 on 12 December 2012.
India is an emerging economic powerhouse and one of Australia’s closest regional partners, so this visit will be a great opportunity to build on our strong friendship and our growing economic ties. India is Australia’s fourth largest merchandise export destination and my visit will help ensure we are well-positioned to improve on this strong relationship. – Wayne Swan, Australian Deputy Prime Minister
Panasonic has been known for making everyday life simpler, more convenient and more energy efficient. The opening of this factory will fuel our first priority goal in India for doubling Panasonic’s revenue in fiscal 2012-2013.”
“We have got exemplary support from the Haryana government which is taking strong leaps in building infrastructure for industrial growth in the state, – Daizo Ito, Panasonic India president
Indian banks had been told to sensitise NRIs on the options available to them to minimise the cost of remittances. This will make the costing more transparent.
All banks had also been advised to review their existing scale of charges both at the foreign and domestic end so as to minimize the current cost of remittances. – Vayalar Ravi, Overseas Indian Affairs Minister
Australia’s households with a mortgage responded positively to the Reserve Bank of Australia (RBA) rate cut with their confidence rising by 4.4 percent, but other respondents were quite downbeat.
Negativity surrounding local economic conditions, the international economic conditions and employment was weighing on consumers – Bill Evans, Westpac chief economist
Our mission is to bring healthcare of international standards within the reach of every individual. We are committed to the achievement and maintenance of excellence in education, research and healthcare for the benefit of humanity,” Prathap C. Reddy, Apollo Hospitals Group chairman after launching telemedicine service in the Myanmarese capital Yangon