Diwali budgets of corporates to present “gift” is expected to be touching Rs 3,200 crores this year as against Rs 2,025 crore in 2009 as a result of boom in Indian economy and mass scale availability of durable, handy tempting products at competitive cost, according to the random survey undertaken by the Associated chamber of [...]

India – A “liberalized” approach has been recommended by the Associated chamber of commerce and industry of India (ASSOCHAM) to RBI to award licences for new banks to mop up funds that are needed to cover the large number of Indian citizens who do not currently have access to banking services.
The aforesaid views were expressed [...]

Inondations, tempêtes et sécheresses sont en constante augmentation. « Le nombre de catastrophes naturelles a été multiplié par quatre au cours des deux dernières décennies et leurs effets sont de plus en plus dévastateurs », a rappelé la conseillère fédérale Micheline Calmy-Rey à l’occasion de la Journée internationale de la prévention des catastrophes naturelles.
La prévention [...]

Federal Councillor Hans-Rudolf Merz as head of the Swiss delegation, State Secretary Jean-Pierre Gerber, SECO Director, and Philipp Hildebrand, Chairman of the Governing Board of the Swiss National Bank (SNB), will take part in the joint Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington D.C. from 8 to [...]

Australia – ARA Executive Director Russell Zimmerman said retailers would be disappointed and furious they are being denied the right to provide students with the experience that comes from an after-school job.
“Instead of exercising their right to hand down a ‘common-sense’ ruling to allow casual student employees to work in the two hours between the [...]

“The Small Business sector has been in an unsustainable position where it has to face constantly appearing obstacles to finance alongside paying increasingly higher margins on loans and if left unaddressed will
be a dire situation for the broader Australian economy,” Mr Driscoll said.
Mr Driscoll cites the example of Canada and its Business Development Bank as [...]

India – Ayurvedic, Yoga and Medical Tourism industries are likely to be the largest beneficiary of 2010 Commonwealth Games and may gain by around Rs. 1000 crore, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
In a Paper brought out by the ASSOCHAM on `Prospects for Ayurvedic, Yogic & Medical Tourism Industries [...]

India – Out of the total 225 investment projects worth Rs. 2,53,760 crores in the ports, shipping and allied services till March 2009, only 106 projects worth Rs. 96,470 crores are under implementation and 149 are still in announcement stages, according to a study undertaken by the Associated Chambers of Commerce and Industry of India [...]

Australia : ARA Executive Director Russell Zimmerman said that this time last year, the RBA broke retailers hearts with several rate rises leading into the Christmas trade period.
“With rates taking 3-6 months to flow through the economy, we ask that the RBA to ‘give Christmas a chance’ this year to help struggling retailers claw back [...]

Australia – The Australian Retailers Association (ARA) said the ABS August Retail Trade figures released today show a meager 0.3 percent growth in retail trade and adds to the argument for the Reserve Bank to hold interest rates.
ARA Executive Director Russell Zimmerman said other key economic indicators were released today pointing to concerns with several [...]