INSIDE THIS ISSUE
   
   
   
  01 MAIN
   
   
  02 TRADE & ECONOMY
   
   
  03 INVESTMENT UPDATE
   
   
  04 NEWSMAKERS
   
   
  05 INFOTECH
   
   
  06 CULTURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
  30 Indian firms in Forbes Top 2000 List
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  Bangalore" After Hours at the Pub
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  Adventure Racing in Paradise
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  04. NEWSMAKERS
 
   
  IIT’s Ranked Third Best in the world

The Indian Institutes of Technology (IITs) has been ranked the third best technology universities in the world for 2005, according to the Times Higher Education Supplement (THES). The publication, which is highly respected and read in the world of academia, said: "Our peer review of the world's top technology universities shows that in 2004, the high praise for the Indian Institutes of Technology was no fluke". "Up to third position in 2005 from fourth place last year, the IITs are a source of Indian national pride as well as innovation and wealth".

         
    Tourist inflow to India up

Following the ‘Incredible India’ campaign across the globe to showcase India’s tourism potential pecial attention on rural and medical tourism has reflected in an increased inflow of foreign tourists and foreign exchange into the country.

Foreign tourist’s arrival in the country between January-September 2005 has grown by 15.2% to 2.64 million from 2.29 million during the corresponding period last year. Foreign exchange earnings, during the first nine months of 2005, were up 21.5% at $4.16 billion as against $3.42 billion during the same period last year, according to tourism department sources. The earnings from foreign tourist arrivals have increased 20.6% to Rs 1,83,790 crore, the sources added.

With festive seasons and year-end round the corner, the tourists inflow this year is expected to touch four million as compared to 3.37 million the previous year, said the department sources. It was 2.38 million in calender 2002 and 2.73 million in calender 2003.
 
         
  Following which the forex earnings during the calender 2005 will cross the $5 billion mark with an expected growth between 35% and 40%, the sources said.

A government statement said that India had 262,925 foreign visitors in September, compared with 235,970 a year earlier, while foreign exchange earnings rose 16.1 percent to $420.58 million.