Foreign direct investment in the telecom sector plunges to $ 43 mn in Apr-Sep

FDI down. Reuters

The experts said that in addition to the global economic slowdown, which has influenced the inflow, the sector is facing a lot of problems in their own country.

"The overall condition of the telecommunications sector is very critical. Industry is smaller in terms of margins and profitability and that is the main reason why foreign investors are shying away, "MOBILE PHONE industry body COAI Director General S Rajan Mathews said.

Another industry expert said that the initial euphoria of the sector now is over and the Government is now focusing on the promotion of the framework of the manufacturing part.

The decline comes at a time when economic growth has slipped further in the July-September quarter to 5.3 percent, raising fears that the delay can pull down the annual growth rate to a ten-year low.

Overall, foreign direct investment in India fell by about 33 percent to 12.84 billion dollars in the first half of this fiscal of 19.13 billion dollars in the year ago period.

Sectors which attracted significant FDI inflow during the first six months of this fiscal record services (3.04 billion dollars), metallurgical (685 million dollars), agriculture ($ 644 million) and car ($ 635 million).

For the period April-September India received maximum FDI of Mauritius (6.25 billion dollars), Japan (1.32 billion dollars), Singapore (1.12 billion dollars) Netherlands (968 million dollars) and the United Kingdom (592 million dollars).

The inflow had combined to 36.50 billion dollars in 2011-12, compared with 19.42 billion dollars in 2010-11 and $ 25.83 billion in 2009-10.

Decrease of the pressure on foreign investment the country balance of payments (BoP) and also could affect the value of the rupee.

PTI

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Hillary Clinton Benghazi testimony: Minister of Foreign Affairs to testify before the Commission to the European Parliament about the deadly attack

Get politics alerts: Sign Up: follow Hillary Clinton, Benghazi, Video, Benghazi, Benghazi Clinton testimony Clinton, Benghazi Hillary Clinton Hillary Clinton testimony, testimony of Benghazi, Benghazi, Benghazi, Benghazi, Hillary Clinton testimony Clinton Clinton Benghazi, Hillary Clinton, political news # news_entries # ad_sharebox_260x60 testimony Benghazi img

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US foreign direct investment-in-retail vote sees as incentive for investment in India

The US Government has in Parliament that of FDI in thevote retail will facilitate praised. Reuters

"There was a political process that is unfolding. All sides had the chance to express their views, whether for or against it, and it was approved, "said the American official.

Also welcomed the U.S.-India Business Council (USIBC), the leading business advocacy group, on Friday, the Indian Parliament vote, that the entry of FDI in multi-brand retail will facilitate.

"This will usher in the much-needed investment and expertise in the supply chain development that can link directly to farmers markets more efficiently, so as little as possible loss due to insufficient storage and transport facilities," said USIBC President Ron Somers in a statement (here).

' FDI in multi-brand retail will support the Government objective of achieving remunerative prices for farmers, and also quality and choice for India's increasingly sophisticated consumer base will increase, "said Somers.

Recognize that it is up to the individual States, this proposal would be the USIBC is keen to work with progressive Governments, including Uttar Pradesh, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Punjab and Bihar, and in 2013 will lead many of its 350 member companies for a visit to these countries, it said.

PTI

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GMR does not exclude foreign hand in male airport row

AFP

Kapur, did not comment on the possibility of the involvement of foreign nation. Maldives has refused to abide by a Singapore court decision that stayed the termination of contract, and the GMR will continue with its decision to takeover the airport by Friday said.

GMR has so far refused to compensate for the withdrawal to take bait from Maldives says that it was in the nation for the operation of the airport and not for compensation. Asked whether the company would appeal to the International Court of Justice, said Kapur: "We expect and do appeal to Government Maldives honor international law."

GMR, he said, was still hopeful of an "amicable solution" to the crisis, but retain that repeated attempts to get in touch with the Maldives President to clarify yet with no answer.

Kapur said the company was grateful for India's support to it since the beginning of the crisis and hoped New Delhi would "take everything possible of their arsenal to ensure that something amicable." Asked whether the company tried to reach and the main opposition in the Maldives, he said, "We have tried to speak with everyone so far. We are fully committed to the project. "

PTI

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Higher demand drives Indian oil companies fight for foreign assets

State-run ONGC Videsh has agreed to pay about $ 5 billion for 8.4 percent of the Kashagan field in Kazakhstan. Reuters

The deal is added to a stable of assets that span some of the most difficult areas in the world

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Foreign policy jobs

someone who has exercised, an academic title or higher education in communication can apply for foreign policy work that someone with knowledge of communication and media in General, such as communications coordinator required.

If a wide range of skills needed to create the international relations flows smoothly, be sure that no matter what you pursued for your tertiary education, with sufficient effort you should be able to find a job that recognises and rewards you for your skills and talents.

However, how do you determine or a job in the field of foreign policy the right vocation for you? In the first place it is important to ask yourself a number of questions hard to hit. The first including you are open minded enough to understand and accept people from different cultures and different beliefs from your own? Everyone who works in international or foreign policy is an incredibly diverse range of people in the course of their job.

As a professional in this field, you will be expected to go with them on an open, courteous manner that in a pleasant outcome for both parties, or in this case, both countries will result.

It is also important to consider whether you would enjoy yourself transplanting and move to another country where the culture, the people and practices may differ from what you are fully familiar with. People love or work in the area of international relations are often posted overseas to help the progress of policy-making.

It is also a bonus if you are multilingual and can read, understand and very popular languages such as English, Spanish, French and Mandarin speaking. Beside that it is also very important that you can present yourself well, in voice, appearance or ways.

When you are in the foreign policy works, you are by extension that represents your country, and it is important that you convinced, eloquent, intelligent and well versed in your area of expertise seems to members from other countries.

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Foreign Minister Meets Serbian and Greek Ambassadors

By John Lee.

Iraq’s Foreign Minister, Hoshyar Zebari, met the Serbian Ambassador to Iraq, Radisav Petrovic, on Wednesday.

During the meeting, Minister Zebari called on the Serbian investment companies to contribute in Iraq’s reconstruction.

The Undersecretary for Policy Planning and Bilateral Relations, Head of the Europe Department, and the Minister’s Office Manager also attended the meeting.

Minister Zebari also met the Greek Ambassador to Iraq, Mercourios Karafotias, and discussed with him the Greek companies’ contribution in the reconstruction and development process.

(Source: MOFA)

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Mayor of London back-India foreign direct investment decision on for consumers, insurance

Boris Johnson during his India visit. PTI

London's technology sector had grown from virtually nil to more than 40,000 people in service, Johnson said.

"It happened because people of brilliance and energy, many of them of Indian origin, came to London because they like the feeling of the place and have made their home there," he added.

Johnson said that the critical thing in a global economy is to find the place and the people who value in the most efficient and competitive way will add.

As part of their tour in India, the mayor said that they could convince two hotel chains in investing in London hospitality sector.

You answered query, he said a city mayor has control over the police, security, system for safety and security of the citizens.

PTI

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Foreign Minister Zebari Meets Ukrainian Delegation

By John Lee.

Foreign Minister Hoshyar Zebari met his Ukrainian counterpart Konstantin Krishenko and his accompanying delegation in recent days.

The two sides held talks on strengthening bilateral relations and ways of developing them, which coincided with the twentieth anniversary of the establishment of relations between Iraq and Ukraine.

They signed a joint statement on the development of relations between the two countries, in addition to the signing of a memorandum of understanding for cooperation between the two countries’ Institutes of Foreign Service, and agreed to exchange visits between the two countries.

In conclusion, the two sides held a press conference where Minister Zebari praised the role of Ukraine in contributing in various fields in building the new Iraq.

The Ukranian Minister met with Prime Minister Nuri Al-Maliki and the ministers of oil and municipalities and Industry and Chairman of the National Investment Commission.

(Source: Ministry of Foreign Affairs)

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Ukrainian Foreign Minister Visits Kurdistan Region

Ukraine’s Foreign Minister Gryshchenko Kostyantyn on his first visit to the Kurdistan Region met with President Masoud Barzani, Prime Minister Nechirvan Barzani, and government ministers in Erbil.

Mr Kostyantyn came to the Kurdistan Region as part of his visit to Iraq and arrived in Erbil from Baghdad. President Barzani and Foreign Minister Kostyantyn discussed ways of establishing closer relations between the Kurdistan Region and Ukraine.

The President said,

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Foreign Firms Win $290m Hospital Deals

By John Lee.

Iraq’s Ministry of Health has announced that it will build two 400-beds hospitals in the provinces of Kirkuk and Muthanna.

Azzaman reports that the Ministry has signed contracts totalling $290 million with foreign companies to build the hospitals, which are part of a plan to construct 11 such facilities.

A Turkish firm is to build the hospital in Kirkuk at a cost of $145 million, while a German firm will build the Muthanna hospital at a cost of $145 million.

(Source: Azzaman)

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