International Current Affairs -June 2011

International Current Affairs -June 2011

Pravakar Sahoo – China leave India trailing

· As compared to India, China is very antagonistic in the Bangladesh market. Except for price competition of Chinese goods, the friendly approach of Chinese sellers and executives at the customs is a reason to smile for traders in Bangladesh. When China comes into this scene Visa has never been a problem; China attracts ventures from Bangladesh to chip in showings for improved data on Chinese goods.

· Chinese sellers are all set to spruce up well-known goods on the demand of Bangladeshi importers to provide to the price responsive local marketplace of their South Asian neighbors. Plus, Chinese industry corporations deal with transportations, trade intricacies, and over and over again take notes on grievances. In a good number of industries, China is prepared for expertise transmit, while our very own Indian industries are yet to be. The country is not only playing with their business connections, but now has only a negligible investment presence in Bangladesh.

Trades between India and Canada to reach $15 Billion:

· EEPC India with a purpose to accomplish considerable increase in trade for manufacturing goods and services prepared a colloquium on being involved in business transactions with Canada. Talking on the colloquium the Joint Secretary Department of Commerce, Shri Arvind Mehta said, “Bearing in mind the fact, that China now has a widespread existence in Canada this episode could share the accomplishments on different added steps employed by the Government of India all through this year”.

· The official further talked about the cut rate and uniqueness of the Indian producers will be of immense assistance to Canada as it is currently counting those countries that are a step ahead of NAFTA for trade development. The Consul General of India, Mrs. Preeti Saran in addition was present at the event. Even as conveying her important lecture she was buoyant that these events can direct to our targeted growth in trade involving the two nations.

· Acting High Commissioner, Mr. Mario-Ste-Marie, and High Commission of Canada in New Delhi was as well in attendance. EEPC INDIA through the backing of Indian High Commission at the Canadian Capital and Canadian High Commission in the Indian Capital are arranging the second season of the famous show in Toronto, “India Show”. “India Show” Toronto, Canada is being prepared at most appropriate time with this year being confirmed as the “Year of India in Canada” by Dr. Manmohan Singh, respected Prime Minister of our country and Mr. Stephen Harper, his Canadian opposite number. This came in the light of Mr. Harper’s visit to India in November 2009

Healthy Rankings for India on Global Stage:

· II, Confederation of Indian Industry and INSEAD examine on ranking countries on innovation, known as GII, Global Innovation Index was revealed in Geneva, Switzerland for the current year. The whole examination is a once a year attempt to evaluate dissimilar enablers for policy makers and added share holders such as trade and foundations to assess their dealings and impacts in comparison with additional countries in order that they can employ valuable measures. Formed about 4 years ago, GII examines they way nations influence their running surroundings to excite improvement outcomes. Five posts make up the innovation effort sub-index and these include foundations, research and development in the human resource department, socio-economic infrastructure, market advancements and trade advancements. The innovation production sub-index is made up of two pillars: creative outputs and scientific outputs.

· In the overall innovation Index, the country has ranked 62 for the year 2011 when evaluated against the position in the year 2010 of 56. Switzerland has been the leader of all these countries, climbing from 3rd in the GII for the year 2010, 2nd and 3rd positions are respectively held by Sweden and Singapore. Six countries from the EU make up the Top 10 list and it also takes in Hong Kong, the United States of America as well as Canada which are 4th, 7th and 8th. The only emerging economy that reached the Top 30 ranks in GII was China at 29.

· Dr. Naushad Forbes, Chair of the CII Innovation Council 2011-12 and Director of Forbes Marshall, said “At present there is some buzz about innovation in the entire world in all types beginning from commerce to government to civilization. Following the current economic decelerate the spotlight has swung evidently towards the budding regions not just with respect to a thriving possible market but also an attractive place for economical innovations.

· Analyzing this swing is vital to identify in what we are moving forward, GII is an initial spot to do that and undeniably on the correct path Roland Berger Professor of Business and Technology at INSEAD, Soumitra Dutta, and editor of the examination believes that innovation is dangerous to motivating development in both developed and budding economies, particularly for the period of a time when the worldwide economy is current recovering from past plummets. Except for CII, the year 2011 the added three knowledge allies in Global Innovation Index are the WIPO (World Intellectual Property Organization), Booze & Company and Alcatel-Lucent