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 | Madurai Kamaraj University Distance Education in USA |
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Santhi |
2010-08-06 20:21:56 |
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I would like to bring to your attention that the Madurai Kamaraj University in Tamil Nadu is now offereing courses in the USA through Distance Education. The USA Study Center located in Solomons, MD was opened in 2006 and therefore has enabled people interested in continuing their education to attain a degree of their desire. The University offers 99 courses and these courses are affordable compared to the American Universities. The degrees offered by the Madurai Kamaraj University are recognized through World Education Services or any other foreign degree accrediting agency and is then equivalent to any degree offered in the US.
The USA Study Center has 5 examination centers located in MD, TX, GA, CA and IL. Students can appear for their exams at anyone of the convenient locations.
I would like to encourage people to check into this. This program helps one acheive his/her goal at one's own pace and at a resonable price.
The website for this study center is www.mkudeusa.org and the website for the Madurai Kamaraj University is www.mkudde.org
For further questions feel free to email studycenter@mkudeusa.org or tamiluniversity@hotmail.com or you may call at (410)326-8080 at anytime.
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| HSBC analyst predicts Indian rupee to fall Re 54 per USD |
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g |
2009-02-16 07:20:07 |
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eb. 13 (Bloomberg) -- India’s rupee will weaken almost 10 percent to a record low of 54 to the dollar by the end of the year as the worldwide credit crisis curbs foreign direct investment, HSBC Holdings Plc said.
The rupee may also extend last year’s 19 percent slide as employers cut jobs overseas amid a global recession, reducing remittances from Indian workers abroad, Richard Yetsenga, HSBC’s Hong Kong-based strategist, wrote in a research report today. The U.K. bank revised its rupee forecast from 45, HSBC’s Singapore-based economist Robert Prior-Wandesforde, who co-wrote the report, confirmed in a phone call.
“We expect the slower moving remittance and FDI flows to now start to show the strain,” wrote Yetsenga. “Our estimates suggest FDI into Asia could fall to roughly zero this year. While that may be overly pessimistic, the fall in FDI should certainly be spectacular for global reasons.”
The rupee strengthened 0.2 percent to 48.745 a dollar as of 9:24 a.m. in Mumbai, climbing from a two-week low, according to data compiled by Bloomberg. HSBC’s forecast is the most bearish of all estimates in a Bloomberg News survey of 25 analysts.
Foreign direct investment in developing nations will drop by $180 billion, or 31 percent, this year as a global recession prompts multinationals to cut spending on factories and mines, the World Bank said last month.
Renault Pulls Out
India received $32 billion worth of foreign direct investment in the first 11 months of last year, compared with $18 billion in all of 2007, according to government data.
“The boom in FDI is long overdue, but cannot last, given the state of corporate finances globally,” Yetsenga wrote.
Renault SA, France’s second-largest carmaker, may abandon a factory project in the southern Indian city of Chennai, Chief Financial Officer Thierry Moulonguet said yesterday. The French company said it is reducing capital investment by 20 percent.
Deposits at the nation’s banks by Indians living abroad fell to $39.5 billion at end-November, from a record $43.9 billion reached in October 2007, according to data released last month by the Reserve Bank of India.
Central bank intervention may temper rupee losses in the short term and may not be sustainable, Yetsenga wrote.
India’s foreign-exchange reserves fell $7 billion at the end of January to $239 billion from $246 billion at end-2008, according to central bank data, indicating the Reserve Bank of India sold dollars to stem rupee losses.
Central banks intervene in currency markets by arranging sales or purchases of foreign exchange to influence rates.
Offshore non-deliverable forward contracts indicate traders are betting the rupee will weaken to 50.47 against the greenback in 12 months. Forwards are agreements in which assets are bought and sold at current prices for future delivery. Non-deliverable contracts are settled in dollars rather than the local currency.
To contact the reporter on this story: David Yong in Singapore at dyong@bloomberg.net; Patricia Lui in Singapore at plui4@bloomberg.net
Last Updated: February 12, 2009 23:41 EST
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| Indian Muslim leaders condemn govt. on Taslima visa |
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tolerance |
2008-01-26 00:13:34 |
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Muslim leaders condemn govt. on Taslima visa
By TwoCircles.net staff reporter
New Delhi : Muslim leaders have come heavily down upon the Union Government for hurting the Indian Muslims by granting yet another visa extension to the controversial Bangladeshi writer Taslima Nasreen.
The Centre granted Wednesday visa extension to Taslima for six more months with effect from February 17 while refusing a French proposal to confer the Simone de Beauvoir Award on her during President Nicolas Sarkozy's visit to India citing ‘security reasons'.
Expressing their grave concern over the Centre's move to extend Taslima's visa, the Muslim leaders, one after another, called it "deliberate attempt to hurt the Muslims in India."
Condemning the Centre's move, Jamiat Ulama-i-Hind general secretary Maulana Syed Mahmood Madani termed it as an "open attack on the believers in religion and morality" and "tantamount to surrendering before the practitioners of obscenity, immorality and ir-religiosity."
"It is indeed shameful to extend the visa of Taslima Nasreen and allow Salman Rushdie to roam in the country," he said.
Imam Shahi Masjid Fetehpuri Delhi Maulana Mufti Mukarram Ahmad said, "The launching of Israeli Spy Satellite ‘Polaris' from the Indian soil, maintaining silence on sanctions on Iran, and now extending the visa of Taslima Nasreen show that the government gives least importance to 20 crore Indian Muslims in its domestic and foreign policy-making."
Sharing his view, Samajwadi Party general secretary Shahid Siddiqui said the Congress-led UPA government at the Centre does not care for the sentiments of Muslims. It is as if "Muslims were bounded labours of the Congress."
Deputy Speaker Delhi Assembly Soib Iqbal alleged "the UPA government of having surpassed the NDA in its hostility towards Muslims."
Member Central Advisory Council Jamaat-e-Islami Hind Dr. Syed Qasim Rasool Ilyas said the UPA government is playing in the hands of fascist forces. "Muslims will have to consider it afresh," he added.
Muslim organisations and religious leaders had been demanding that Taslima's visa not be extended and that she be asked to leave India. As many as seven Muslim representative organisations, including Jamaat-e-Islami Hind and Jamiat Ulama-i-Hind, had moved the Union Government earlier this month, urging it not to extend the visa of the controversial writer. They had also urged Prime Minister Manmohan Singh to take strict action against her for hurting the religious sentiments of the Muslims.
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| Iraq's big oil contracts go to ... Companies from China, India and other Asian nations |
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News |
2007-04-05 23:05:12 |
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http://money.cnn.com/2007/04/05/news/international/iraq_oil/index.htm
NEW YORK (CNNMoney.com) -- Despite claims by some critics that the Bush administration invaded Iraq to take control of its oil, the first contracts with major oil firms from Iraq's new government are likely to go not to U.S. companies, but rather to companies from China, India, Vietnam, and Indonesia.
While Iraqi lawmakers struggle to pass an agreement on exactly who will award the contracts and how the revenue will be shared, experts say a draft version that passed the cabinet earlier this year will likely uphold agreements previously signed by those countries under Saddam Hussein's government.
The Asian firms are at an advantage for several reasons.
First, less constrained by Western sanctions during the Hussein regime, they've been operating in Iraq and know the country's oilfields, said Falah Aljibury, an energy analyst who has advised several Iraqi oil ministers as well as other OPEC nations.
Aljibury said the first contracts likely awarded will be to the Chinese in the south central part of Iraq, the Vietnamese in the south, the Indians along the Kuwaiti border, and the Indonesians in the western desert.
The contracts under consideration are small.
Aljibury said the Chinese agreement is to produce about 70,000 barrels of oil a day, while the Vietnamese one is for about 60,000.
It's hard to put a dollar amount on what those contracts might be worth, as security costs, drilling conditions and the exact terms to be offered by Baghdad are unknown, said Christopher Ruppel, a senior geopolitical analyst with the consulting firm John S. Herold.
But the barrel amount is tiny even by Iraq's depressed post-war production of around 2 million barrels a day.
And the country is thought to be able to ramp up production to over 3 million barrels a day with fairly little effort, providing the security situation improves. Rosy estimates even have Iraq producing 6 million barrels a day in the long term, which would make it the world's No. 4 producer behind Russia, Saudi Arabia and the United States.
But the Asian firms are also well positioned to grab further contracts.
Having avoided military entanglements in the region, they may curry more favor with the Iraqi people.
"They have no involvement with the secular or ethnic people," said Aljibury. "The conditions favor them."
Given its rapidly growing thirst for oil, combined with its feeling of isolation from world oil markets, China is sometimes viewed as more cavalier than Western oil firms when it comes to putting capital and people at risk. That could lead them to sign contracts in violent Iraq sooner than Western firms.
"The Chinese seem to be willing to go places where other companies can't find workers to go," said Adam Sieminski, chief energy economist at Deutsche Bank.
But none of this suggests Western firms like ExxonMobil (Charts), Chevron (Charts), BP (Charts) and Royal Dutch Shell (Charts) will be completely cut out of the action.
First, their technical prowess is world renowned.
"I have not heard anything from any Iraqi ministers against U.S. oil companies," said Aljibury. "In fact, I have heard the opposite. They are the best in field exploration and development. They want them."
Second, Iraq's oil contract game has just begun.
According to a letter supplied by John S. Herold's Ruppel, memorandums of understanding have been signed with all the oil majors for several years. And Iraqi Oil Minister Hussein al-Shahristani has said the country plans to tender for major oil projects in the second half of 2007.
Steve Kretzmann, executive director of Oil Change International, an industry watchdog group, criticized the draft oil law for allowing long-term oil contracts to be awarded to foreign oil firms, a practice he said was unique in the Middle East.
"Giving out a few crumbs to the Chinese and Indians is one thing," said Kretzmann, who noted the draft law was seen by both the Bush administration and the International Monetary Fund before it was given to Iraq's parliament. "But the real prize are the contracts that award long-term rights. I think the [Western oil companies] are biding their time."
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