LOG ON TO OUR OFFICIAL WEBSITE @ www.hcindia-au.org
  
     
   
  INSIDE THIS ISSUE
   
   
   
  01 MAIN
   
   
  02 TRADE & ECONOMY
   
   
  03 INVESTMENT UPDATE
   
   
  04 NEWSMAKERS
   
   
  05 INFOTECH
   
   
  06 CULTURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
  BMW investment in India
MORE [+]
 
  A Taste of Kolkata culture
MORE [+]
 
  On the Tiger Trail
MORE [+]
 



   
  Minister for Non-Conventional Energy Sources visits Australia
   
 
   
 
 

Hon. Minister of State (Independent Charge) for Non-Conventional Energy Sources, Mr. Vilas Muttemwar visited Melbourne and Sydney from 3-8 November. He received an award from the World Wind Energy Association (WWEA) and addressed the annual World Wind Energy Conference in Melbourne.

He met the Parliamentary Secretary for Environment and Heritage, Hon. Greg Hunt, and the leader of Australian Democrats Lynn Alisson. In Melbourne and Sydney, Hon. Minister visited institutions and enterprises dealing with renewable energy sources and met Indian community leaders. Mr. Pramod Deo, Chairman, Maharashtra State Electricity Regulatory Commission, also received an award from the WWEA.

LEFT: Hon. Mr. Vilas Muttemwar, Minister of State (IC) for Non-Conventional Energy Sources addressing the World Wind Energy Conference

   
 
     
  INDIAN ECONOMY: ON THE MOVE  
     
  Buoyed by strong demand conditions, and a pick-up in industrial activity in the later part of the second quarter, India Inc. is brimming with confidence and expects a demand-driven surge in sales, exports, employment and investment in the next six months. The optimistic sentiment on the assessment of the country's economic situation is reflected in the confidence indices computed by Ficci's second quarter business confidence survey (BCS).The Current Conditions Index has registered a growth of three per cent and is up from 70.9 in the last survey (Q1 of 2005-06) to 73.1 in the current round.

The Expectations Index stands at 76.2 and represents an increase of nearly two per cent from the last round's value of 74.8. The Overall Business Confidence Index has gone up from 73.5 in the last round to 75.2 in the current round and represents a growth of nearly 2.3 per cent. Seventy per cent of the respondents to the present round of the Ficci survey have said the current performance of their industry sectors has been 'moderately to substantially' better vis-à-vis the last six months.

The survey elicited response from 425 companies with a wide geographical and sectoral spread. The turnover of the companies that participated in this survey ranged from Rs 1 crore to Rs 20,000 crore. The Ficci survey reveals that India Inc.'s outlook for the industry performance in the near future is very positive with 74 per cent of the respondents looking forward to a much better performance of their industry sectors in the next six months. 		 
     

     
 
       



Deepavali function at the
Federal Parliament House in Canberra.
  Deepavali Mela
The annual Deepavali function organized by the High Commission of India and the Hindu Council of Australia was held at the Federal Parliament House in Canberra on 6 November.

The function was attended by Hon. John Cobb, Minister for Citizenship and Multicultural Affairs, several MPs, Senators, MLAs, representatives of diplomatic community and others.

The cultural programme on the occasion included performances by an ICCR-sponsored Rajasthani folk dance group and local artistes, and was followed by a display of fireworks outside the Parliament House.
       
 
     


MAIN I TRADE & ECONOMY I INVESTMENT UPDATE I INFOTECH I CULTURE I TRAVEL I CALENDAR

     
 
BACK TO TOP