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 gniLogo GoodNewsIndia :: The Sieve

Good news filtered from media streams

  Page 15 of 38 pages « FirstP  <  13 14 15 16 17 >  Last »     [Full listing]

 Oct 06, 2006 : 85,000 Mw from alternate sources

The Ministry of Non Conventional Energy Sources [DNES] says that the installed capacity of energy from renewable sources -wind, solar etc- has crossed 85,000 Mw in India. That’s great news.

But along with that comes the news that DNES is planning to compress biogas and pipe it with natural gas to homes. Wonder if anyone has worked out the costs involved. Hope it’s prohibitive, because GoodNewsIndia believes energy must be locally generated and consumed by local people just as food and harvested rain water.

 Oct 05, 2006 : India is second big investor in UK

According to a report by Ernst & Young, India has emerged as the second largest foreign investor in UK, which remains the favourite European destination for overseas investors. For countries seeking to do business in Europe, Britain offers many advantages. India with 21 new projects, is second only to USA’s 145.

Seen in the light of noises made on jobs lost to India due to outsourcing, this ranking shows it is not a one way street. India seeking world markets, is investing its capital overseas creating new jobs there.  Report

 Oct 02, 2006 : India’s $290 billion gold horde

While pointing out how India is sitting idly on its gold, Bloomberg columnist Andy Mukherjee brings out some amazing facts about India’s barely visible wealth. India is the world’s largest consumer of gold at 676 tonnes per year, three times more than China. Even as gold price rose steadily between 2002 and 2005, Indians simply bought more. There are 15,000 tonnes of gold right here, in this land. That is a value of $290 billiion at $600 an ounce. The article juxtaposes this with the fact that to become world class in physical infrastructure, India needs just $150 billion, a mere half of the reserve.

A new financial reform intiative of 2006, called Exchange Traded Fund [ETF] might induce Indians to feel secure enough to put their gold to productive use. Gold ETF in the US have brought in a 28% return to investors. Full article

  Page 15 of 38 pages « FirstP  <  13 14 15 16 17 >  Last »     [Full listing]

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