All India Traders

Sundaresan’s point could well put rhetoric to shame, considering the fact that there are clear indications that speculation is rampant. And least of all being the memorandum to the President of India submitted on July 5, 2006, by Confederation of All India Traders, who allege, “The regulator has totally failed to monitor abnormal increase in prices of commodities in the market.” And most of all, the following:

• The closing price for mentha oil in October 2005 was about Rs.450 per tonne; and the trading volume was ‘zero’. By March 2006, the volume traded in mentha oil had skyrocketed to about 400,000 tonnes and the price had gone up to more than Rs.800 per tonne. Most surprisingly, the price fell to Rs.420 (a sign?) in the next two months. Often, the volumes traded in commodity exchanges are 40 to 50 times the actual supply of the commodity.
  
• In turmeric, trading went on for more than one year without any physical delivery of the commodity.
  
• There are persistent allegations that about 250 small commodity traders across India have committed suicide after going bankrupt in 2005-06.
  
• The trading volume in the commodities exchanges went up by a staggering 274% in 2005-06. The rate of growth continues to be very high even now.
  

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Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

Swiss Economy

But the future is encouraging, as the OECD has forecast that the Swiss economy would show a 2.4% GDP rise in 2006. And this growth has been the outcome of its strong rise in exports and investment. The total exports of the country are estimated to be $122.08 billion in 2005 with a 7.1% rise in the first three quarters of 2006, specifically in sectors like mechanical and electronic engineered goods, tourism, foods, consultancy, insurance and chemicals. Swiss imports are estimated to be $115.6 billion in 2005. The country’s top trading partners are Germany, France, Italy, UK, and of course, the United States. Imports too have shown an increase of 8.3% over the past quarter. A free trade economy, highly skilled domestic workforce, low tax rates and high quality of life, make Switzerland an attractive centre for foreign investment, although investment inflows into Switzerland have had their ups & downs. The first three quarters of 2005 saw FDI inflow of $4.48 billion and outflow of $12.18 billion.

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

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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IIPM-News:- GSM Opens Up a Much Larger Market

Also, it could turn away prospective CDMA subscribers. On the positive side though, GSM opens up a much larger market. Does this decision by Reliance sound the death knell for CDMA in India? Opines Prashant Singhal, Head of Telecom Practice, Ernst & Young (India), “It is unrealistic to make fl at predictions as to which network platform will be a clear winner in the Indian telecom future.” Indian GSM players, in fact, will be planning to shift to wideband CDMA (wCDMA), once 3G makes its entry into India. In all probability, Reliance is readying itself for entry into the 3G sphere. So, notwithstanding the initial rumours, Anil’s move to GSM is not limited to the Qualcomm royalty debate. But, it must beware of sending unclear signals in the market regarding its strategy, lest it lose favour with its customers, who would be wondering what Reliance is going to offer them next. Anil has built an excellent momentum in the telecom market over the past year and he would not like to squander it away in a hurry.

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

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006