Gold Starts to Glisten Again

Gold Starts to Glisten AgainAfter a five year downturn, gold is regaining its sparkle, with global demand for jewelry soaring upward by 17 percent in 2013, the largest volume increase since 1997, with full-year demand hitting 2,209 metric tonnes, according to the World Gold Council’s 2013 report, released earlier this week. Global gold trading, according to the Hong Kong-based…

India’s New Reformist Party Turns Against Supermarket FDI

India’s New Reformist Party Turns Against Supermarket FDIThe capital city’s newly-elected reformist government – the Aam Aadmi Party (AAP), which has won praise across the planet for its stand against corruption, has exhibited distressing populist roots by announcing a ban on foreign supermarkets in Delhi. Economists say the AAP’s decision to scrap foreign direct investment in retail chains could be problematic because…

India’s Gold Industry Loses its Sparkle

India’s Gold Industry Loses its SparkleThe average world gold price has fallen by 20 percent year-on-year in the third quarter, to US$1,326 per ounce from US$1,652 in October 2012. Prices have been declining in each quarter of 2013. But not in India. Grappling with a high trade deficit and a weak rupee, India imposed a series of measures earlier this…

India and China Seek Economic Integration

India and China Seek Economic IntegrationThe recent endorsement by Chinese Premier Li Keqiang and Indian Prime Minister Manmohan Singh of a multi-billion dollar construction corridor encompassing Bangladesh, China, India and Myanmar – if it materializes – could redraw the economic and geopolitical map of Asia. Termed "an international gateway to South Asia,” the BMIC corridor, as it is known, was the highlight of…

Internecine Warfare at One of India’s Biggest Newspapers

Internecine Warfare at One of India’s Biggest NewspapersIndia’s dynastic successions have virtually paralyzed some of the country’s biggest and most powerful institutions including the Reliance, Bajaj, Birla and Ranbaxy groups. Now it is the turn of the fifth-generation descendants of Kasturi & Sons Ltd, the public company which owns the influential 135-year old English language newspaper, The Hindu. Brothers and cousins from…

G33 Seek to Reopen Subsidies Talks at WTO

G33 Seek to Reopen Subsidies Talks at WTOThe combined effects of the global economic slowdown and increasing climatic shocks are threatening food security in developing countries, prompting many to urge the reopening of World Trade Organization (WTO) discussions on limits to support for farmers. For more than a year, a group of developing countries known as the G33, led by China, India,…

Trouble On India’s High Seas

Trouble On India’s High SeasThe intrusion into Indian waters of the anti-pirate vessel MV Seaman Guard Ohio has angered Indian authorities who are already steaming over the February, 2012 shooting by Italians guarding an oil tanker of two apparently innocent fishermen. The Seaman Guard Ohio, owned by a US security firm called AdvanFort, was stopped by the Indian Coast…