Chandigarh, February 18, 2013: Seventeen rookies will make their debut
on the Professional Golf Tour of India (PGTI) during the PGTI Players
Championship at Chandigarh Golf Club which begins on February 19.
The seventeen players making their professional debut in Chandigarh
qualified to play on the PGTI through the PGTIⳠ2013 Qualifying
School which was held in December 2012 at the Royal Calcutta Golf
Club, Kolkata. All these players received their PGTI badges from Mr.
Uttam Singh Mundy (Director, PGTI) at the Chandigarh Golf Club on
Monday.
These players include some of the top Indian amateurs in recent years
such as the Bangalore duo of Khalin Joshi (2013 PGTI Qualifying School
winner) and S Chikkarangappa, Kapurthala lad Ashbeer Saini, Angad
Cheema of Panchkula, DelhiⳠHoney Baisoya and Shubhankar Sharma of
Gurgaon.
The others making their professional debut this week are Abhishek
Kuhar (Gurgaon), Sahil Kulkarni (Delhi), Sk Pappu (Kolkata), Amar Jeet
Baisoya (Delhi), N Thangaraja (Sri Lanka), Sk Kader Ali (Kolkata),
Bhawani Singh Parmar (Srinagar), Rohan Sood (Delhi), Martin S
(Bangalore), Siddharth Semwal (Delhi) and Raja Sardar (Kolkata).
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FIRST ROYAL MINT SOVEREIGN COINS TO BE STRUCK IN INDIA SINCE 1918
Today sees potential history in the making, with the announcement of a new partnership between The Royal Mint and MMTC-PAMP India to strikeThe Royal Mint’s gold Sovereign commemorative coins in India for the first time in nearly a century.This significant development, revealed today in New Delhi, will allow the Indian public to purchase genuine versions of the Sovereign, one of the world’s most famous coins and a lasting symbol of beauty and integrity. These commemorative Sovereigns, struck in India by MMTC-PAMP using tools and techniques developed by The Royal Mint in South Wales, UK, will be uniquely available to the Indian market andwill carry the special mint mark “I” to show that they have been manufactured there.
India is the largest market in the world for gold, and the gold medal market is estimated at c.80 tonnes by GMFS. Gold coins play a key role in Indian wedding ceremonies and festivals throughout the year, soThe Royal Mint’s decision to license the striking of their flagship coin to MMTC-PAMP India is likely to be a popular one. Residents of India have been unable to buy genuine commemorative Sovereigns since 1918, when The Royal Mint operated a branch mint in India for a single year during which a staggering 1,300,000 Sovereigns were struck.
This new agreement will seek to re-establish The Royal Mint brand and the iconic Sovereign in this major market. This will allow the Indian public to buy an authentic UK commemorative Sovereign specially minted in India for the first time in almost 100 years. This should have long term benefits to the Indian public and to the integrity of The Royal Mint brand and the Sovereign itself.
Deputy Master of The Royal Mint, Adam Lawrence said “As the oldest manufacturing organisation in the UK and the world’s leading export mint, we are delighted to be entering another exciting chapter in The Royal Mint’s 1100 year history. This partnership with MMTC-PAMP India will introduce genuine commemorative Sovereigns back into the Indianmarket, satisfying significant demand for the coin, and allow The Royal Mint to develop anewrevenue stream”.
Mr Mehdi Barkhodar, Chairman of MMTC-PAMP and Managing Director of PAMP SA said “The return of the authentic Royal Mint commemorative Sovereign to India has been a much-anticipated event. The Indian consumer deserves nothing but the best, however, until now their only option was to buy replica Sovereign coins. Therefore, I have no doubt that the re-emergence of the highly-prized authentic Sovereign coins will be warmly welcomed by those wishing to purchase the genuine article for their wedding or special occasion”.
Featuring the same classic Benedetto Pistrucci ‘St George and the Dragon’ design as the Sovereigns struck in India in1918, striking of the 2013 Indian Sovereign has commenced in MMTC-PAMP India’s world class facilitynear Delhi. The first production run will be for 50,000 pieces and will be available in the market from today.
Shane Bissett, The Royal Mint’s Director of Commemorative Coin and Bullion said “The Sovereign is the oldest traded commemorative coin that is still manufactured today and is also the most precisely specified gold coin. Its quality and specification is protected by the annual Trial of the Pyx; at over 750 years old the oldest quality control process still being used today. The commemorative coins struck in India will go through this quality processing the same way as all UK coins. This opportunity allows The Royal Mint to enter the largest market in the world for gold”
These gold Sovereigns will be available for sale to customers in India, initially at select jewellery outlets in Delhi and subsequently pan-India through MMTC-PAMP India’s distribution network and selected banks.
-ENDS-
About The Royal Mint
The Royal Mint is one of the world’s oldest and most venerable organisations, with an unbroken history of minting British coinage dating back to circa 900AD. Though more than ten centuries have passed since then, The Royal Mint’s reputation for both quality and integrity has always endured.
As befits an organisation with more than 1,000 years of history, The Royal Mint continually innovates in order to stay at the forefront of world minting.
This ensures that, while our finest traditions are always respected, we embrace the latest production techniques and technology in order to offer excellence to our clients across the globe. By underpinning our proud heritage with a highly progressive outlook, coins from The Royal Mint remain a byword for trust and reliability the world over.
As well as over 1,000 years of producing British coinage, The Royal Mint has long been trusted with the currencies of other countries. We currently serve more than 100 issuing authorities around the world and meet approximately 15% of global demand, making us the world’s leading export mint.
About MMTC – PAMP INDIA Pvt Ltd:
Incorporated in India on 18th January 2008, MMTC-PAMP India Pvt. Ltd. (MMTC-PAMP India) is a joint venture between PAMP SA, Switzerland and MMTC Limited, a Government of India Undertaking (www.pamp.com, www.mmtclimited.com). Established in 1977, PAMP is one of only three “Approved Good Delivery Referee” for both the London Bullion Market Association (LBMA) and the London Platinum and Palladium Market (LPPM). PAMP’s products are accepted as “Good delivery” by The Swiss National Bank; The London Bullion Market Association (LBMA); The New York Commodity Exchange (COMEX); The Tokyo Commodity Exchange (TOCOM); Chicago Board of Trade (CBOT); Dubai Gold and Commodity Exchange (DGCEX) as well as The London Platinum and Palladium Market (LPPM). Incorporated in 1963, MMTC Limited is India’s largest public sector trading organisation, engaged in trading of several products including precious metals. It is India’s single largest bullion trader.
In 2008 MMTC, India’s largest international trading company in the public sector joined hands with PAMP of Switzerland for setting up a precious metals refinery and mint in Mewat district of Haryana. With an investment of over Rs 220 crore and annual refining capacity of 100 tons of gold, 600 tons of silver and minting 2.75 million pieces, the license for minting the Royal Sovereign for Royal Mint UK is yet another feather to the cap of MMTC-PAMP India. MMTC-PAMP India’s refining & minting operations should result in a turnover of approximately Rs. 14,000 crores in the current fiscal year. Adequate capacity exists to mint this iconic commemorative coin.
The Royal Mint has a history dating back over 1,000 years. By the late thirteenth century the organisation was based in the Tower of London, and remained there for over 500 years. By 1812 The Royal Mint had moved out of the Tower to premises on London’s Tower Hill. In 1967 the building of a new Royal Mint began on its current site in South Wales, UK.
On 1 January 2010 the assets of The Royal Mint Trading Fund were vested into a private company, called The Royal Mint Limited. HM Treasury remains 100% owner of the shares of the company. All assets of an historical nature have been vested into a separate company, The Royal Mint Museum, to preserve, protect and enhance them for future generations to come. With the exception of the assets separated into the Museum, all other assets and liabilities, including those of a contingent nature, were transferred into the new company effective 1 January 2010.
There were estimated to be 28.7 billion UK coins in circulation at 31 March 2012, with a total face value of £3.8 billion – all manufactured by The Royal Mint.
1.2 billion UK coins were issued during 2011-12.
The Royal Mint has been making military medals since it was commissioned to make medals for soldiers who fought in the battle of Waterloo in 1815. 2012 was of particular significance for The Royal Mint’s medal-making team, with the manufacture of all 4,700 Victory Medals for the London 2012 Olympic and Paralympics Games.
In 2011 The Royal Mint’s site was recently chosen to host the Prime Minister David Cameron’s first government cabinet meeting in Wales, UK
Sahachari Foundation Announces Design One 2013
Sahachari Foundation announces the third edition of Design one in New Delhi.Design one brings together both established and upcoming designers with unique offering of distinct,carefully selected fashion and accessories.Endeavour of the foundation to raise awareness and funds for NGO’S, promoting talent from across the country.Foundation has funded activities of eleven deserving NGOs,the Design One this year is scheduled in the lawns of The Lodhi, hotel, on Lodhi Road new Delhi open to public on Feb 27, 2013from1pm to 7pm and Feb 28, 2013 from 10.30 am to 7pm.
Advanced Technology Exports to USA – India $1 Per Capita – China $100
February17, 2013
Honorable Prime Minister
Dr. Manmohan Singh,
South Block,
New Delhi – 110011
Respected Sir,
India contributes just 1.6% to USA foreign trade in 2012 compared to 14% for China but imports by USA from China are $425bcompared to $40b for India.
India’s exports of Advanced Technology Products to USA are pathetic $1.5b just 0.4% whereas China contributions of ATP Exports to USA are $141b which is over 36% of $396b for the world ATP Exports to USA.
Contribution of Info-tech, Computers and Electronics in China’s ATP Exports to USA exceed $130b out of $141b total well over 90% of the world in this segment.
In Patent and IPR filings China is already number 1 whereas India has slipped to 22nd in latest WIPO rankings for Patents and grants to Indians in India are reduced to just 0.1% for the world.
Mushrooming Engineering and Management colleges and 0.6m Students enrolled last year in foreign universities contributes little to India’s R&D efforts, just supplying labor force to the foreign companies – Indian IT professions earn $6000 annually less than a tenth part of the earnings of their counterparts in USA, less than a third of average for labor wages there.
It is better to Shut Down CSIR and Public R&D Institutions Doing Bogus Research and let foreign Investors and R&D companies and Indian Inventors greater support and grant fast patents.
Amity University one of the biggest private university in the world is filing BOGUS Patents was disclosed last year.
Arindam Chaudhuri writing nonsense gets exposed was actually broadcasting Paid News running parallel budget proposals.
Thank you,
Ravinder Singh*,
Inventor & Consultant
INNOVATIVE TECHNONLOGIES AND PROJECTS
Y-77, Hauz Khas, NewDelhi-110016, India.
e.mail; progressindia008@yahoo.com,
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects.
Tables
| Rank | Country | Exports2012 | Imports2012 | Total Trade | Percent |
| — | Total, All Countries |
1,547.1
|
2,275.0
|
3,822.2
|
100.0%
|
| — | Total, Top 15 Countries |
1,049.0
|
1,703.0
|
2,752.0
|
72.0%
|
| 1 | Canada |
292.4
|
324.2
|
616.7
|
16.1%
|
| 2 | China |
110.6
|
425.6
|
536.2
|
14.0%
|
| 3 | Mexico |
216.3
|
277.7
|
494.0
|
12.9%
|
| 4 | Japan |
70.0
|
146.4
|
216.4
|
5.7%
|
| 5 | Germany |
48.8
|
108.5
|
157.3
|
4.1%
|
| 6 | United Kingdom |
54.8
|
54.9
|
109.8
|
2.9%
|
| 7 | Korea, South |
42.3
|
58.9
|
101.2
|
2.6%
|
| 8 | Brazil |
43.7
|
32.1
|
75.8
|
2.0%
|
| 9 | Saudi Arabia |
18.1
|
55.7
|
73.8
|
1.9%
|
| 10 | France |
30.8
|
41.6
|
72.4
|
1.9%
|
| 11 | Taiwan |
24.4
|
38.9
|
63.2
|
1.7%
|
| 12 | Netherlands |
40.7
|
22.3
|
63.0
|
1.6%
|
| 13 | India |
22.3
|
40.5
|
62.9
|
1.6%
|
| 14 | Venezuela |
17.6
|
38.7
|
56.4
|
1.5%
|
| 15 | Italy |
16.0
|
36.9
|
52.9
|
1.4%
|
US Trade in ATProducts With India and China 2012 in $thousands
| ATP |
India Imp
|
India Exp
|
China Imp
|
China Exp
|
World Exp
|
| (01) Biotech |
51
|
8
|
284
|
67
|
11,312
|
| (02) Life Science |
614
|
913
|
2,782
|
2,034
|
44,414
|
| (03) Opto-Electro |
111
|
16
|
328
|
7,026
|
26,385
|
| (04) Info & Com |
768
|
376
|
3,920
|
126,964
|
219,470
|
| (05) Electronics |
169
|
88
|
4,004
|
3,099
|
33,939
|
| (06) Flex. Manu. |
216
|
16
|
1,995
|
860
|
13,921
|
| (07) Adv. Mat |
10
|
16
|
294
|
211
|
2,121
|
| (08) Aerospace |
1,307
|
82
|
8,440
|
696
|
39,132
|
| (09) Weapons |
3
|
1
|
1
|
165
|
1,019
|
| (10) Nuclear |
6
|
6
|
109
|
85
|
4,271
|
| TOTAL For India |
3,255
|
1,521
|
22,157
|
141,207
|
395,984
|
US Trade in Advanced Technology Products With India and China 2003
| ATP |
India Imp
|
India Exp
|
China Imp
|
China Exp
|
| (01) Biotech |
4,872
|
1,021
|
15,050
|
17,457
|
| (02) Life Science |
164,508
|
159,087
|
654,121
|
481,310
|
| (03) Opto-Electro |
15,958
|
5,047
|
97,922
|
1,256,836
|
| (04) Info & Com |
649,782
|
42,878
|
1,921,339
|
26,149,055
|
| (05) Electronics |
81,818
|
15,030
|
2,552,922
|
917,362
|
| (06) Fle. Man. |
43,559
|
3,434
|
523,426
|
169,966
|
| (07) Ad. Mat |
8,075
|
3,194
|
39,501
|
74,059
|
| (08) Aerospace |
344,450
|
8,863
|
2,434,182
|
124,239
|
| (09) Weapons |
13,288
|
626
|
43,968
|
55,268
|
| (10) Nuclear |
2,076
|
13,796
|
7,699
|
99,676
|
| TOTAL For India |
1,328,387
|
252,978
|
8,290,129
|
29,345,228
|
http://www.census.gov/foreign-trade/statistics/highlights/top/top1212yr.html ,
http://www.census.gov/foreign-trade/statistics/product/atp/2012/12/ctryatp/atp5330.html
http://www.census.gov/foreign-trade/statistics/product/atp/2012/12/ctryatp/atp5700.html
http://www.census.gov/foreign-trade/statistics/product/atp/2003/12/ctryatp/atp5330.html
http://www.census.gov/foreign-trade/statistics/product/atp/2003/12/ctryatp/atp5700.html
http://www.census.gov/foreign-trade/statistics/product/atp/2012/12/ctryatp/atp0001.html
Annexure –II
Arindam Chaudhuri’s Total Nonsense, RIL = NIKE < Ebay– Exclusive (C)
February16, 2013
Just one article of Arindam Choaudhuri (AC) tells us our Management Education particularly in the hands of Commercial Establishments is total sham.
It was atrocious of AC to compare Computer Software Microsoft company with Reliance – it is like comparing Horses with Dogs and Donkeys. Ambanis operate in 15-20 sectors in monopoly situation and had acquired natural resources cheaply.
http://www.google.com/finance?q=NSE%3ARCOM&ei=lYofUdj0FcW8kgXBeA
RCOM share price in 2007 was Rs.800 at peak is now just Rs.70 and Market value less than $3b for 10 years old company, HUTCH alone sold its ownership to Vodafone for $12b when RCOM had much more Spectrum, CDMA, GSM, DTH, Broadband, Internet, WLL operations, VODAFONE is worth $128b, Facebook is worth $68b – Googles, Facebook, Twitter and many more came much later.
Where ever there is Knowledge Ambanis are no where.
http://www.google.com/finance?q=nike&ei=P40fUZCzCYXekgXHFQ
RIL = NIKE $50b, Ebay – $73b
Even Nike is worth $50b matches RIL in market cap, I have always campaigned for R&D in every sector.
Going back in to history India was always very big in population 25% to 30% of the world but was repeatedly invaded by aliens considering they came from many thousands kilometers with few thousand army. India had all the water and natural resources to great power but we preferred not be great and let us be ruled by others.
I was not disturbed more than on reading Arindam Chaudhuri’s article comparing Ambani Brothers with Bill Gates. This illustrates his Students were getting ‘Gutter Management Education.’
He is so poor in analyzing the Company profile that he never seems to have read the annual report of ‘Microsoft.’
Typically ‘Microsoft’ annual report would point to 15% of revenue on R&D, 50% on salaries and 20% profits. There are no Tax Concessions and free land allocated to it. In addition to $73b revenue also secures some thousand patents and technologies and is directly competing with global giants.
‘Microsoft’ is a truly Global Company abiding by rules and regulations.
Typical Reliance profile is Zero R&D, 5% PAT, 1% salary, 70% expenditure on raw materials, small investor holdings of around 5%.
When Exports of Reliance Refinery was around Rs.20,000 crores in 2005– Mani Shankar Aiyer admitted Reliance Refinery received Rs.1650 crores or so as Central Subsidy. Reliance gets Center and State subsidies to install as well as operate plants and without subsidies would be in deep losses.
Ambanis is basically Indian Operations thriving only on GOI patronage that AC has taken as Ambanis biggest assets. He is politically powerful alright but this doesn’t help beyond Indian borders – 98% of global market is outside Indian boundary.
Just 3-4 Corporate together in Gujarat have grown 15 fold in value in 10 years and has more revenue than GDP of Gujarat. In next ten years they could exceed Rs.100,00,000 crores in revenue almost equal to India GDP.
What shall be the gain to 1.3b Indians in this in 2022.
Since AC first commented on Ambanis in 2007 – Facebook, Twitter, Google, Ebay, Apple, Samsung, HTC – and many more have joined the race in Social Media, today is well over $5 Trillion including associated hardware and software and advertising.
Even after spending $5b on Reliance Retail, may be more Reliance is nowhere in picture – Ebay is worth over $73b.
We are neither proud of Reliance nor Business Schools that mislead students.
Ambanis survive on Politics and Protectionism.
Ravinder Singh
Progressindia008@yahoo.com
Maulikbharat.org
http://www.iipm-management-education.com/compared-to-mukesh-ambani.html
COMPARED TO MUKESH AMBANI, EVEN A BILL GATES IS INSIGNIFICANT AND POWERLESS. AND NOW, THE COMING TOGETHER OF THE
AMBANI BROTHERS WILL ONLY MAKE THEM MORE POWERFUL!
I was in Cannes this year for the annual film festival! The day after the inaugural show, was a symposium on Indian films. While speaking at the symposium, I said that the West better take India very seriously as sooner or later, in any case, Indians or Chinese will be owning all the major Hollywood studios, since they are mostly bankrupt and on sale. At the end of my speech, most people who came up to me seemed disturbed by my statement! Many asked whether I really meant that statement!
Well, I surely meant that! One look at the global rich list today and you will see how it has been stormed by the Indians. The reasons, as I said in one of my previous editorials, is of course more to do with the way Indian governments have helped privatise national resources than encourage real brand building abilities – (‘Blood billionaires. Scam Billionaires. Indians storm into the Forbes billionaires list’; December 23, 2007).
The best proof of my statement is that when it comes to the world’s top hundred billionaires, we have a lot of Indians; but when it comes to the world’s top hundred brands, we don’t find a single brand developed by Indians. However, that, I believe, is going to change – at least partially. Tatas already own Jaguar and Land Rover. And they are seemingly turning the units around. So even if we didn’t create brands thanks to the Kalingas, Singurs and Poscos, our industrialists have been made billionaires by successive governments so that they can now buy up readymade brands and build upon them.
The point, however, that I want to make today is the significance of the coming together of the Ambani brothers in the midst of this situation. Those in the know of the Reliance empire would know that till Dhirubhai Ambani, the founder of the Reliance empire, was alive, one hardly saw much of Mukesh Ambani. While insiders say he used to do the work, it was left on Anil to be the public face; and it worked very well. From a Bollywood star wife to his flamboyance, he was perfect for media to thrive upon. In fact, in the public documents also, one will find notes by Dhirubhai which make it amply clear that he trusted Mukesh more when it came to business activities. Post his death however, the brothers parted ways.
And while Mukesh grew and had the right relations with the government as well, Anil went through a rough patch culminating into the latest courtroom drama on the supply of gas for his power projects and the eventual patch up between the brothers mediated by their mother! So what does this mean for India and the world? For starters, one thing is now almost certain that post the mutual cancellation of non-compete agreements, there would be no need for Mukesh to hunt for other ways to be in the telecom business – his long cherished dream. It’s widely speculated that whichever international player shows interest in Anil’s telecom business, it’s finally going to go to Mukesh. Same will be the case with the financial arm of ADAG. With that, it will be almost like old times. Mukesh will run the big businesses. Anil will own them along with him and would be left free again to concentrate on things he enjoyed – films for one are high on his agenda; one reason for Hollywood studios to beware! It also means that together now the brothers will be more valuable than ever before. Mukesh more so!
To understand the real value of Mukesh and the significance of my headline, here are some facts. The Mukesh Ambani group’s total turnover is $44.6 billion (Anil’s is another $14 billion). Mukesh is ranked just two ranks below Bill Gates in the Forbes billionaires’ list, at #4 with a personal net worth of $13.7 billion (Anil is at 36th). Compare it to Bill Gates’ Microsoft , which has total revenues of $58.5 billion. Gates himself has a net worth of $53 billion; and apparently Bill Gates still seems richer than Mukesh or so thinks Forbes. But what it forgets is that compared to the $14.4 trillion GDP of United States, Bill Gates is just a minor fraction. But the Ambanis put together, are a staggering 6% of India’s GDP of $1.09 trillion – Mukesh alone 4%! Add to that a few more facts.
For Bill Gates, everything is in white! And he is hardly wielding a fraction of political power. In India, Mukesh virtually runs the nation, owns virtually the entire media in reality and most politicians are only too pleased to work as per his will…
While Bill Gates is just a big businessman in USA, Mukesh Ambani virtually runs India – the nation which is going to dominate the world in the next quarter of a century. Those who think Mukesh is just the 4th richest man in the world don’t know the reality yet. And reality is only going to now grow bigger with the coming together of the brothers. Bill Gates and Warren Buffetts will soon become insignificant in this new world order – at least as far as wealth and power is concerned. And it’s time the world wakes up to this fact!
Brazil Open: Nadal to meet Nalbandian in final
The former world number one Nadal will meet David Nalbandian in
Sunday’s final, the Argentine veteran having defeated Italian Simone
Bolelli 6-3 7-5 in the other semi-final.
Nadal, who is playing just his second tournament in seven months
after a long lay-off with a serious knee injury, was pleased to have
reached the final just a week after doing the same in his comeback
tournament in Chile.
The Spaniard however rated Nalbandian favourite to win the trophy.
“After being out for seven months, if the knee isn’t good and I can reach two finals, that can only be positive,” he said.
“Physically, I am prepared. I don’t know (whether) the knee is prepared,” he added with a smile.
The 11-times grand slam champion is expected to play another clay
court tournament in Acapulco this month as he gears up to defend his
French Open title in May.
|
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