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Jun30
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I think that looking at the title you have already understood that I am going to talk about Nepal’s king. Yes, readers you are right! You would remember that I wrote a post titled “No More Royalty for Nepalese Royal Family: Should royal family pay tax or not?”. This post can be called a follow up of that one. The Nepal Parliament has asked King Gyanendra to submit detailed documents of his assets in order to determine the amount of tax that will be paid by him. The most surprising fact is that such an action had never been taken in the last 238 years. I am quoting from the report published in Teluguportal.net:
“The Public Account Committee, has given the cornered king 15 days to furnish details of the property owned by him, his wife Queen Komal, Crown Prince Paras, Crown Princess Himani and their three minor children.”
According to the report published in The Hindu, before taking the throne Gyanendra used to do business. He owned a luxury hotel, cigarette factory and tea plantation.
Is it good news for the Nepalese people? Yes, it is good news, because, it shows the power of people and parliament. For many years, the Nepalese royal family exercised unquestionable authority over the people. They have used the money of the tax payers to fulfill their own needs and achieve their goals. It is definitely a bad practice and the Nepalese people did not accept it. Once again, it has been proved that people are the main source of power in a country, not the king.
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Jun30
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To make the situation further worse, the house rent in other areas of Pakistan has doubled within the months that followed the earthquake. The main reason behind this is the rising demand of houses.
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A mobile phone operator in Bangladesh has started a special service for World Cup. Under this service, when a goal is scored in a match, a SMS comes to your phone giving you the information.
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Jun29
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The business people related to the shoe industry have come out with an innovative approach of making shoes and sandals in the design of the flags of the 32 participating countries in the world cup. Since, most people in Bangladesh are fans of Argentina and Brazil you can find shoes and sandals in the design of these countries.
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Jun28
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Fear, suspicion and jealousy of a King or a Minister often take the upper hand against national interest. However, we can find the other side of the coin too. Often richer nations pretend to give aid to poor countries just to take advantage of the poverty of a country.
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Pakistan has the lowest literacy rate in the South and West Asian countries. Pakistan’s Federal Education Minister Lt Gen (R) Javed Ashraf Qazi, on Tuesday, provided the information in his fifty minutes briefing on Education Science and Technology to a Senate standing committee.
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Jun27
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Pakistan is the seventh most populous country in the world, fourth in Asia and second South Asia. Rate of unemployment in the country is quite high and that many Pakistanis desperately try to go other countries to find better jobs.
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They did not have to pay tax, disclose their income and saw the budget for them to be increased by the King 6 times in just a couple of years.
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The arrival of tourists in Bhutan increased 48% in 2005 compared to 2004 and this year, Bhutan is hoping to have nearly 15,000 tourists. Bhutan earned $18.5 million from tourism
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Reliance Industries Limited has announced its plan to form a new company called Reliance Retail Ltd. The investment will be nearly $5.6 billion and over the next few years, the company will open retail stores in 1,500 Indian cities and towns.
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Jun26
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Through train until now 47,697 people have traveled. Thar Express and Samjhauta Express are the two main trains running between India and Pakistan. In addition, 8,013 people traveled by bus and 28,425 by foot.
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Until now, it is not too expensive but there is doubt that Indian is becoming a bit expensive because of the rising salary in the tech field.
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Now, Ch. Pervaiz Elahi ha announced that a software park is going to be built in Lahore, the capital of Punjab, with an expense of Rs. 1.5 billion. The software park will have high-tech facilities and nearly 10,000 jobs will be created directly or indirectly because of this park.
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Prof. Basu has described the present scenario of Indian economy and has reminded us of the miserable condition of the poor people.
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American coffee market is a multi billion dollar industry. So, it will be interesting for us to observe how Tata Coffee Limited uses this acquisition to perform better in USA market.
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Jun25
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India also has a shortage of spectrum and overly regulated approach to rural coverage. However, India is an open society that is actively discussing telecom policy.
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Over the next three to five years, India is the biggest revenue opportunity. On the other hand, if current growth rates continue, Pakistan's teledensity will outstrip all but Malaysia and Singapore within just a few years.
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When everything seemed to start going right for Nepal, the country now faces the grim prospect of labor unrest and if morning really shows the day then I must say that Nepalese economy is going to suffer badly in the next few months.
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Pakistan's economic growth is increasing the demand for energy continuously and that is why Pakistani decision makers are now increasing getting worried about the bill of oil import.
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Jun24
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India is any comparison the best player in BPO. Its BPO industry is increasing very rapidly and perhaps too rapidly to keep pace with. In the last few days, I have posted several stories in my two blogs about Indian IT market becoming too much congested to find skilled workers for the Indian and foreign companies.
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Jun23
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The United Nations World Food Programme (WFP) in Nepal has come forward with emergency food aid for the people and the UN organization wants to reach 225,000 people who badly need food aid.
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Recently, members of Travel Agents Association were perhaps misinformed about a possible attempt by the Bhutanese government to restrict annual visitors by 5,000
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The continuous rising oil price in the international market is becoming a major cause of concern for Pakistan and now alternative energy looks to be more attractive to the government.
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Jun22
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Ceylon Electricity Board (CEB), a government organization, is suffering huge losses for selling electricity at a much cheaper price than production cost. As a result, the board is facing huge financial crisis. CEB is suffering $45,000 of daily loss because of this matter.
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The budget for the royal family was Nepali Rs.126.3 million in 2001-02 fiscal year and last year it became Rs.751.2 million. The members of the royal family were great fan of traveling to different countries and a lot of taxpayers' money was wasted for the fanfare of the royal family. Even the palace had 900 employees.
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Yesterday, I was thinking that what would happen if Darren was in South Asia- I mean if he were born in a middle class family in South Asia and stayed all his life here. I also thought about the pros and cons of this matter and here I am stating them.
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Jun21
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What is so fascinating about the news is that World Cup Football 2006 is attracting viewers from all over India.
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If Indian economy continues to grow this way most probably you will find some other blogs about Indian business in KMM Network or in other blog networks.
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Jun20
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Lawyers of Indian origin, or at least with a great deal of knowledge and familiarity with India, are more able to communicate with the local authorities both legal and government and provide a definitive answer even when it is not written down
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It is an absolutely wrong perception that only European and American companies are doing business with China. Rather, companies of all the South Asian countries are doing business now.
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Jun19
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The size of the economic zone will be 25,000 acres (10,100 hectares) and it will be near the capital Delhi. A cargo airport and a 2,000 megawatt power generation plant are among the major attractions for the foreign companies.
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Internet is playing a crucial role in making World Cup Football more popular than ever before. Don't forget the commercial aspect of World Cup. 1.2 billion page views a week is perhaps the most attractive thing for the sponsors.
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There are more than one million child labors in Nepal and they are engaged into all kinds of places- 'agricultural farms, tea gardens, fruit fields, brick kilns, carpet and garment factories, hotels and private households' and so on.
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Unemployment is one of major problems for the country and to solve this problem investment in manufacturing sector is the most important thing.
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Selling girls for marriage from tribal families is becoming a booming business in Gujarat and many brokers are now earning handsome amount of money from it.
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Jun18
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If a country wants to promote tourism then it must make quality content available in
Internet about its tourism.
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Pakistan will need 232,000 trained IT professionals. PSEB has also predicted that by 2010, Pakistan has the potential to earn $9 billion of revenue from IT sector.
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Not everyone is happy from ESPN's success- especially the football fans. Since ESPN is a cable channel, people who do not have access to cable television will have to remain satisfied by watching a limited number of games in their terrestrial channels.
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Jun17
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Yesterday, after Argentina won the match against Serbia and Montenegro by 6-0, Celina Hinchcliffe wrote an entry titled, 'Argentine Ecstasy' and if you visit the link write now then you can find 183 comments.
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The main difference that I can see between 2006 event with the previous ones is that this time, Internet is playing a very important role to cater millions of football fans around the world.
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Jun16
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he villagers of the bride are really happy and excited. They are getting the things that they have dreamt about for ages.
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The bus service will connect Pakistani northern town of Gilgit and western Chinese city of Kashgar. The 700 kilometer distance will be covered in 14 hours.
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In 2000, 4,790 students from India and another 2,421 from Pakistan came to UK under student visa.
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It is very important to discover the exact reasons that led Apple and Powergen to leave India.
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There is no gimmick but it came from pure passion for football.
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Jun15
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I feel that Robert Scoble's leaving Microsoft has literally taken blogging to the next stage. Scoble is talking about the power of new media in his blog and recently in a post he said, " Ballmer should not listen to his PR team and instead should live the blogging way." I have the same advice to the South Asian companies.
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It is not important whether India has become an expensive place or not. Rather, the image of India being an 'expensive' or 'inexpensive' destination is more important.
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Jun14
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The seventh SAARC trade fair is going to take place in Pakistani city Karachi from June 16 to 18.
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Tourism brings most foreign exchange for the country and also provides 20% of GDP of Maldives.
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Papa John's has already two shops in India now and the company is now contemplating on the idea of opening up of 500 outlets in India in the next 10 years.
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I would like to see one improvement from Pradeep Kumar Gyawali- a more interactive website for Nepalese tourism industry. The current website is not up to the mark and interactive. I would also suggest him to open a blog in it.
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Absence of online payment system is perhaps the biggest obstacle behind the growth of online industry in the country.
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Bangladesh has already become an attractive mobile phone market with a user base of more than 10 million and by the end of 2006, this figure is expected to cross 15 million.
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While (almost) every auto company managed to increase their sale in India, Toyota actually, saw its sale dropped by 15% to 41,000 units in 2005.
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Jun13
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EC is going to give nearly $6.6 million. 170,000 Nepalese people living in the rural areas will be benefited from this aid.
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Time has appreciated the recent economic success of India but at the same time has reminded the readers of the possible loopholes that might exist for the country.
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Jun12
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Right now, Bhutan Telecom Limited is the only player in the telecom and internet field. Bhutan has nearly 40,000 fixed phones and another 50,000 mobile phone
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Pakistani government is expecting that it will get Rs 35 billion from the mobile phone industry by doing so. The government is expecting that Rs 25 billion GST will come from GST and the rest Rs 10 billion will come from the activation charge.
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Pakistan Computer Association (PCA) leaders have stated that as a result of GST, there was a significant decline in sales of PC.
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If Argentina and Brazil do well in the tournament then TV traders may just have even a better business as most people in the country are supporters of these two teams.
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After GM India can find dealers in Sri Lanka, the company is going to export Optra sedans Aveo hatchback cars in Sri Lanka. GM has already exported some cars to Nepal and Bangladesh from India.
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Jun11
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Maldives is a small country which has nearly 1,200 very small islands and almost all of the islands are below 2 meter high from the sea level. So, getting fresh water is a major challenge for the country
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Singapore, Sri Lanka, Maldives and Dubai are becoming more and more popular to the Indian holiday makers.
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Tailor shops, television companies and traders, PC and TV card traders are very happy to see an unexpected boom in their business as a result of the enormous craze for Argentina in Bangladesh.
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Jun10
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So, you can reach into your own conclusion. The next time you see any news item in the western media portraying Bhutan as a non-modern country then at least you can say yourself one thing- 'Many people in Bhutan love World Cup Football'
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It gives me immense pleasure to see that blogging is gaining more and more momentum in Asia. It is my pleasure to inform you about ASIA BLOG AWARDS 2006-2007.
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It is expected that more than 200,000 women in Nepal will get benefited from this assistance of ADB.
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Mckinsey and Co thinks that Indian government can save huge amount of money and increase GDP substantially by carrying out financial reforms.
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In 2006, the company is aiming for selling just 13,500 in India. However, after plant goes into operation, Volkswagen will have an annual production capacity of 100,000 cars.
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Jun 9
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I do not how many state leaders have supported bio-diesel until now but I am sure that no other statesman has come forward in support of bio-diesel like Indian President, Dr. A.P.J. Abdul Kalam. While speaking at the inauguration of the...
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So, what next? Suffering from job security for the Indian workers? May be it is too early for that but it will surely come sooner or later as Indian companies will go for cheaper destinations.
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Motorola is providing Wateen Telecom 802.16e WiMAX solution for nationwide network deployment in Pakistan. This will ensure better service for mobile phone users as well broadband internet users.
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Indian has expressed its commitment to support Nepal both politically and economically and as a part of it today Indian government announced a 10 billion rupees ($218m) aid package for Nepal.
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Jun 8
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Nepalese government is now planning to nationalize all the private schools in the country to ensure uniformity in the educational system.
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What made me happy is to know that India has a teledensity of 13.54%. Only two years ago, it was only 7.08%.
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Nepalese advertising industry has suffered a lot in April due to the political crisis. I am happy that World Cup Football 2006 is helping to boost this industry.
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Tomorrow, FIFA World Cup Football 2006 will start in Germany but there seems to be hardly any enthusiasm in Pakistan.
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One area that I like to see ADB supports Pakistan is generation of electricity as the country needs additional electricity desperately to sustain its high economic growth.
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Even Google has realized the potential of South Asian market too. Until now, Google and most other tech companies have remained focused on the Indian market only. Pakistan, Bangladesh and Sri Lanka have a combined population of more than 300 million and all the governments of these countries are now patronizing their IT sector.
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Jun 7
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In the major cities, these flags are flying high on almost every roof. In some roofs, you can see more than one flags indicating that the people of the house are supporters of different teams.
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For World Cup nearly 50-60 thousand television sets are being sold and TV companies are now finding it difficult to supply so many TV sets in such a short time.
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I can touch is that the vast majority of the professional bloggers are from the rich developed countries of Europe, North America and Australia.
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The best solution for the time being is to remove all taxes on oil.
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The size of SMS market in India was 12.3 billion messages in 2004 and in 2010 it is expected to grow 180 billion.
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Motorola has decided to set up a manufacturing plant near Chennai with an initial investment of $30 million and it may be increased to $100 million gradually.
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Jun 6
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In 2005, Kenya produced 328 million kg of tea but in 2006, the production is expected to fall to 300 million kg.
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Bhutan Observer, the second newspaper of Bhutan. Her Royal Highness the Princess Ashi Sonam Dechen wangchuck was present in the launching ceremony on 2 June 2006.
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In May, 2005 Nepal exported $4.20 million to USA while this May it rose to $5.60 million. The US market accounts for 80% of garments export for Nepal.
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Well, I am not sure that whether Steve Jobs has backed down thinking of growing cost in India or not but I feel that Indian government and It industry leaders should take this matter very seriously.
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The starting price of about Rs5.2 million of a Porsche is surely out of reach for all the Pakistanis except a few extremely rich families.
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IBM's chairman and chief executive, Samuel Palmisano, announced a plan that IBM was going to invest $6 billion in India in the next 3 years. In the last 3 years, IBM invested $2 billion in India and became the largest multinational company in India.
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It is expected that 16 megawatt of electricity will be generated after the plant goes into operation. $10.8 million is the total investment behind this project and Amrit Biogas, a West Bengal company is implementing it.
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Jun 5
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Wall Street investors will become more interested to hire more Indian researchers and if this trend continues then by 2011, there will be more analysts in India than in USA.
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Indian government has taken an initiative to set up 25 textile parks in India and each park will have an investment of Rs 1 billion and here Indian textile ministry will provide Rs 400 million subsidy.
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NASABA 2006 National Convention (The Third Annual NASABA National Convention) is going to take place in Atlanta, Georgia from 16 June 2006 to 18 June 2006.
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Jun 3
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Well, for the poor villagers, it is not so amusing and in fact the last time the flowers of the bamboos matured, there was a famine in this region.
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After this FTA is being implemented removal of tariff and non-tariff barriers will become easier.
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Community Environmental Monitors (CEM) conducted a study about India and this organization has stated that millions of people are breathing air which is many times pouted and dangerous than the danger level even.
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Jun 2
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In India and in the last one year 61,200 units were sold. The initial expectation was 50,000 Swift cars might be sold in the Indian market.
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World Bank has now announced that in the next 4 years it is going to lend Pakistan $6.5 billion. In the last 4 years, Pakistan got only $2.73 billion from World Bank.
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This is the popular belief that men are more tech savvy and the tech world is supposed to be a male dominated world. Well, it may be the case in the tech world but blogging world seems to be different and I got totally shocked to read a news item in several websites that 32% bloggers are male.
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Jindal Steel will invest nearly $2.3 billion to mine ore and produce steel from the mine.
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Christopher Cassidy, Blogger (http://asiabizlaw.blogspot.com/) Today, I like to introduce you to a blog about Asian Business (http://asiabizlaw.blogspot.com/) that has come into existence with the efforts of 4 law students of at Hastings College of the Law of the University of California....
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Jun 1
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Mr. Chaba informed that GM was going to set up a deign studio in India within 3 years.
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Millions of people in India are out of work and 260 million people here have to live for just one dollar a day.
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Last year, Pakistani economy had only $2 billion of foreign investment and this today's news is really something to celebrate for Pakistani government.
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Now nearly 1.3 million people are employed in this industry and this year 300,000 new jobs are expected to be created by the local and foreign IT companies.
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NASSCOM believes that this scenario is going to change in the next few years and large contracts worth a combined $100 billion are going to come to India.
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In May 2005, GM sold 2,503 cars in India while this time the figure is 3,478.
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