Friends,
ACC reports production of cement for the month of December 07 at 1.58 million tonnes which is down by 4.24 % over production in dec 06.
AUM of Indian MFs as a whole stand at Rs 510095 crs on 31.12.07 and are down by Rs 27716 crs during the month of December 07 while are up by Rs 321468 crs over the whole calender year.
SEBI Chairman says PSUs have to comply wth the Clause 49 norms about independent directors and it does not see any reason for the dilution of the requirement as per listing agreements with the exchanges. While the independent directors are definitely required to make the boards more responsible , it is equally important that such directors should come from a pool of competent and qualified directors who are okayed by an independent body created for the purpose and each company should be allowed to pick the directors and negotiate for the remneration while assuring that the directors qualification is in accordance with the companies size and area of operation.
Centre has reduced duty on cars , bikes and veg. oil and other food stuff imported from south asian countries in honour of the regional trade pact. India should be libral on this score for the hindrance free trade between the south asian countries will enable development of industry on individual strength of the nations in the region.
Sigaporian economy has shrunk for the first time since 2003 , it would be facing some tough times due to US sub-prime crisis in 2008 as its exports to USA are a fairly large part of its gross exports.
HariOm,
krsnaKhandelwal
