US President Barack Obama is announcing trade deals worth $10 billion with India that are expected to create 54,000 US jobs. SO OBAMA SAYS Rs 81 LAKH IS REQUIRED TO CREATE A JOB IN USA
He`s also unveiling new export rules designed to make it easier for US companies to do business with the nation of 1.2 billion people.
Obama was to make the announcements in a speech to US and Indian business executives Saturday on the first day of his 10-day, four-country Asia trip.
The commercial deals include the purchase of 33 Boeing 737s by India`s SpiceJet Airlines and the Indian military`s plans to buy aircraft engines from General Electric.
For the most part, the deals were already pending. But the White House claims Obama`s visit to India helped seal them.
Some 20 deals are in the pipeline, including previously announced transactions involving General Electric and Boeing, although details on a $4.5 billion sale by Boeing of C-17 military transport planes were still being ironed out.
Outlining a series of measures to ease export controls, Froman said the president will support Indian membership of four key global nuclear nonproliferation regimes.
`This really includes India as a major player in a non-proliferation world...and it recognizes the nature of the strategic relationship we now have with India,` he said.
The four regimes are the Nuclear Suppliers Group, the Missile Technology Control Regime, the Australian Group, which aims to reduce the spread of chemical and biological weapons, and the Wassenaar Arrangement, a multinational effort to control the transfer of conventional arms and dual-use technology.
Obama will also remove almost all of the remaining Indian defense and space organizations from a list of entities maintained by the US government to curb proliferation, and relax so-called dual-use rules for Indian firms that regulate technology with both civil and defense applications.
So can you just think and say who is benefited
We common indian and americans need food to eat, afforable house to live and secured jobs
We Indian
much needed cooperation in food cultivation which shows demand surging supply constrainted
much needed technical knowhow for infrastruture development for good road and removing traffic congestion and better data transfer
American also
would have benefited from investing in their surplus (which earn equal to nothing in America) in Indian infrastructure projects
created job white collar as well as black collar to American
instead Mr Obama is talking
about selling Military aircraft and Passenger aircraft (what is its use)
who will travel to USA if there is no jobs for Indians
who will travel to India if there is no job for USA commoner in USA
and about Energy deals (okay i welcome) India is Peak load energy starved
why should we (India as well as America) produce Missile if they are not going to be used what is the use of spending crore or billion on proactive defense when talk is on for development
Better spend money on eradicating poverty alleviating standard of living and providing secure employment to all
Featured in the blog are ideas on fundamental, contrarian and value pick from indian investment markets.
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"Wealth creation through systematic investment"
We all are investing to make more than what we have invested so that we can have more purchasing power in future.
Shared here are some of the ideas on how to create wealth out of your savings through systematic and organised investing in all spheres of investment portfolio. Effort here is to identify those areas where investment could fetch greater returns in long term perspective
We believe there should be mix of insurance policies, equities, bonds/ debt instruments, mutual funds, precious metals, real estate properties, loans in your portfolio to make your investment wealthy.
Investing in stock market, debt instruments, mutual funds, real estate without proper evaluation are prone the risk of 'loss of capital' due to general financial risk of market, promotors & operators not acting in bonafide interest of small investors etc
The issues posted here are only a fig of a tree and investor who are investing their hard earned money are advised to independently analyse the issues or consult an investment advisor before making any decision.
"CAUTIONARY NOTE" - this blog is not responsible for any loss, whatsoever . please do consult an investment advisor if your not able to evaluate the investment / economic / risk scenario independently
feel free to contact us at
sherkochiraj@indiatimes.com or at rmanjuesh@gmail.com
Shared here are some of the ideas on how to create wealth out of your savings through systematic and organised investing in all spheres of investment portfolio. Effort here is to identify those areas where investment could fetch greater returns in long term perspective
We believe there should be mix of insurance policies, equities, bonds/ debt instruments, mutual funds, precious metals, real estate properties, loans in your portfolio to make your investment wealthy.
Investing in stock market, debt instruments, mutual funds, real estate without proper evaluation are prone the risk of 'loss of capital' due to general financial risk of market, promotors & operators not acting in bonafide interest of small investors etc
The issues posted here are only a fig of a tree and investor who are investing their hard earned money are advised to independently analyse the issues or consult an investment advisor before making any decision.
"CAUTIONARY NOTE" - this blog is not responsible for any loss, whatsoever . please do consult an investment advisor if your not able to evaluate the investment / economic / risk scenario independently
feel free to contact us at
sherkochiraj@indiatimes.com or at rmanjuesh@gmail.com
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