Zealous American...

Austria and Switzerland once introduced this ultimate form of protection in order to save investors from political prosecution; a system that survived Adolf Hitler, but unfortunately, not George W. Bush. So, what must be done then if you do not entrust your money to an international bank? The solution is as old as the global economy itself. For 4,000 years, people have resorted to a concept very familiar to Indians: Just stash some gold under your mattress and enjoy the sun while those zealous American spies sift through the financial resources of other hapless people.

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Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

STILL IN A NASCENT STAGE

The futures markets in India are only four years old. National Multi-Commodity Exchange of India, Ahmedabad (NMCE), was the first to trade in futures from November 2002. Multi Commodity Exchange of India Ltd., Mumbai (MCX) and National Commodity and Derivatives Exchange Ltd., Mumbai (NCDEX) started trading a year later. Trading volume and value of futures market in the past two years have increased so much that it pales the stock markets. During 2005-06, the total value of commodity futures trade was Rs.21340 billion as compared to Rs.5710 billion during 2004-05, showing an increase of 274%. The volume of trade has also gone up to 668.5 million tonnes during 2005- 06 as compared to 194.2 million tones during 2004 05. The trade volume has also gone up by 244% during 2005-2006. Total value of trading at the Commodity Exchanges during the fortnight from April 1 to 15 was Rs.1560 billion. The value of trade between April 1, 2006 and June 15, 2006 was Rs.8340 billion.

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Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

North Korea's Aggressive Strategy

But after initial posturing, he is now taking the developments quite seriously. And even though one of the seven missiles failed, it hardly gives the world much to rejoice about, considering that six out of them succeeded. Only China appears to share a reasonably good equation with North Korea. However, it needs to be seen as to what extent will it be able to convince North Korea to refrain from adopting an unnecessarily aggressive strategy. North Korea’s obstinate defiance of international concerns has only gone to further embarrass China on the world stage. The world community should understand that it’s failure to stop North Korea would set a bad precedent; especially when Iran is adamantly pursuing a nuclear programme. Instead of confrontation, a better option is to talk to North Korea and copycat nations. Given the ongoing turmoil, this is of critical importance.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri