In 2016, India Held $118.2 Billion U.S. Government Securities

Data available with the U.S. Treasury Department showed that India was the 12th largest holder of U.S. government securities at the end of 2016, with exposure worth $118.2 billion in December.  Among the BRIC countries, India stood at 3rd place after China and Brazil in terms of exposure.
US Currency
Japan – $1.09 trillion
China – $1.06 trillion
Ireland – $288.2 billion
Cayman Islands – $263.5 billion
Brazil – $259.2 billion
Switzerland – $229.3 billion
Luxembourg – $223.4 billion
United Kingdom – $217.1 billion
Hong Kong – $191.4 billion
Taiwan – $189.3 billion
Belgium – $120.4 billion
India – $118.2 billion

April 13, 2017   No Comments

India Bypasses Global Tendering To Replace 44,000 Guns

The Manohar Parrikar-led Ministry of Defense in India will buy its requirement of close quarter battle carbines directly instead of going through the conventional route of floating global tenders for them.

“With repeated failure to procure it through the global tendering process, the ministry has to go for direct government-to-government sale for buying these weapons. It will speed up the acquisition process and will rule out allegations of corruption,” a senior ministry official said.

Manohar Parrikar

Manohar Parrikar

The New Indian Express reports that New Delhi has proposed an agreement under the ‘foreign military sales’ category for buying 10,000 such carbines directly from a country that is willing to supply them. The remaining 34,000 units will be manufactured in India under a production license.

 

January 4, 2017   No Comments

Attend Regional Convention of Overseas Indians, Los Angeles November 2015

Persons of Indian origin and Indo-philes alike are welcome to attend the 2015 Regional Pravasi Bharatiya Divas  (Overseas Indians) Convention hosted in Los Angeles for the very first time.

Sushma  Swaraj,  India’s External Affairs Minister who also runs the Ministry of Overseas Indian Affairs inaugurates the Convention at 6:00 PM on Saturday evening, November 14 at the Westin Bonaventure Hotel followed by dinner.  Discussions resume next morning, Sunday from 9 am until 5 PM.

Sushma Swaraj & John Kerry , September 2015

Sushma Swaraj & John Kerry , September 2015

Register for just $50 per person or $75 per couple.  Here is the registration link http://www.rpbdla.org/registration

“RPBD Los Angeles 2015”  is subtitled  “The Indian Diaspora: Defining a New Paradigm in India-US Relationship”, capturing the ethos of ongoing US-India relationship and the role played by the Indian diaspora. Amritt’s Gunjan Bagla will moderate one of the sessions.

Morning Discussion on

  • Smart Cities
  • Skill Development
  • Infrastructure Development
  • Waste Management
  • Swachh Bharat (Clean India)
  • Renewable Energy
  • Digital India
  • Cleaning the Ganges River

Lunch at 1 PM

Afternoon discussions on

  • Innovation & Entrepreneurship
  • Education, Skills & Vocational Training
  • Manufacturing

Other details are avaialble at http://www.rpbdla.org/

Note that the OIFC Business Meeting on Saturday, November 14 requires separate registration and is free.

 

November 7, 2015   No Comments

Boston Scientific’s BRIC Sales Rise by 18 Percent

Speaking at the J.P. Morgan Healthcare Conference, Mike Mahoney, CEO of Boston Scientific a Marlborough, Mass.-based  medical device company, said the company derived about 10% of its total sales from emerging markets in Brazil, Russia, India and China during the 3-months ended Sept. 30, 2014 — an 18% increase from the same period in 2013.

Mass Device reports that Boston Scientific is looking double its emerging markets presence over the next 2 years as it seeks to catch up with larger competitors; therefore expanding its presence in emerging markets is one of five strategic imperatives Mahoney said the company is putting forward in 2015 and beyond.

May 1, 2015   No Comments

Level of Stress in 74 Countries Ranked, India is #14

Bloomberg has ranked the incidence of stress in the lives of people in 74 countries of the world. Seven equally weighted variables were considered in the rankings: annual homicide rates, GDP per capita on a purchasing-power-parity basis, income inequality, corruption perception, unemployment, urban air pollution, and life expectancy.

Life is most stressful in Nigeria which was ranked #1, Pakistan was at #7, India at #14, China at #29 and the U.S. at #54. The least stressed country was Norway at #74.  Only countries with data available for all seven variables were included. Find your country in the graphic below:

Stress Rankings of Countries

Stress Rankings of Countries

January 26, 2015   No Comments