Rising Rupee Could Go Weak

Indian CurrencyAccording to the reckonings of Treasury managers and economists, the rupee could slide back to its 43 levels against the US dollar by the end of this calendar year; the short term gains of the local currency indicated at a weaker currency over the medium term.

Maruti To Introduce iCATs

Maruti Ltd.Following the European Union way of employing hi-tech anti-theft devices in cars, the largest Indian car manufacturer, Maruti Udyog, is set to introduce the immobilizer system, iCATs, across all its models.

iCATs (intelligent Computerized Anti-Theft system) works on the principle of multiplexed communication where an inbuilt transponder, into the car key, carries a unique electronic identification and a secret code that digitally communicates with the engine computer via a controller. The car engine starts only if the secret code matches thus preventing the car from being stolen.

Declining Dollar Results In Inflation Decline

DollarsDecline of dollar against most major currencies is turning out to be great for Indian economy. The rupee has improved hugely to close at 41.85/86 against the dollar, which is recorded as a nine-year high.
The world-wide flaw of the dollar, attached with the resumed inflows from foreign institutional investors (FIIs) and the tightening of domestic rates assures traders to purchase the rupee and sold the dollar. This scenario would surely ease inflation because of decline in the cost of imports.

Kerry Might Run For Presidential Election

Sen. John KerryDuring a book signing in Denver and in an interview with 9NEWS, the 2004 Democratic nominee, Sen. John Kerry, rules in the possibility of 2008 presidential campaign.
He declared at the Tattered Cover bookstore that he currently had no desire to support any candidate for the office.
Kerry and his wife, Teresa Heinz Kerry, are concluding up a nationwide tour to promote their book, “This Moment on Earth,” highlighting booming attempts at the local level to enhance the environmental conditions.

Pope’s Car At Auction

With the purpose of aiding a charity, Pope Benedict XVI’s Volkswagen Golf is up for auction again, which he owned during his days as a cardinal in Germany.

Earlier, in 2005, it was sold to an online casino, Golden Palace, for £90,000 by a German student, Benjamin Halbe, who himself bought it for £6,500. Halbe donated a portion of profit to a charity.

The online casino from US used this car for promotional purposes only. Now, they are looking to raise money for Habitat for Humanity, a British charity, through this auction.

Climate Change Threatens Asia - Report

The UN Intergovernmental board on global climate changes alleges both floods and water shortfalls affects Asia due to global warming.

In various countries, the risk of hunger is expected to remain ‘very high’.

An inter-governmental conference on climate change liberated in Brussels figures that the crops outputs could boost up to 20% in east and Southeast Asia whereas showing a reduction of 30% in central and south Asia by mid-21st century.

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