(Current Affairs & GK)
Content- The Hindu/Economic Times/Indian Express/BBC
Content- The Hindu/Economic Times/Indian Express/BBC
Economy Issues
Satyam bidding Completed: Tech Mahindra wins bidding
- In the Satyam Computers bidding process, three huge companies namely Tech Mahindra, Engineering L&T, and Wilbur Ross had participated.
- Tech Mahindra has won in the Satyam bid by paying Rs. 1757 crore and now has 31% stake in Satyam. Tech Mahindra will pay Rs 58 per share; L&T had offered to pay of 49 Rs per share and so lost out.
- Vodafone, Hindustan Unilever, Bharti Airtel, Nokia and PepsiCo are India’s ‘Most Admired Marketers’, best in the marketing class of India Inc 2009.
- The top-flight marketing companies are India Inc’s most admired, thanks to marketing and strategy innovation, million-dollar ad budgets and some of the finest marketing executives in the business.
- The wholesale price index (WPI)- based inflation went sub-zero for the first time in 35 years for the first week of June, but top policy makers and economists dismissed it as a short-term statistical phenomenon, with no real implications for either the country’s growth or its monetary policy.
- The inflation index fell by 1.61% for the week ended June 6 over the year-ago period, after gaining 0.13% in the previous week, according to data released on Thursday.
- India’s per capita carbon dioxide emission is very low — only 1.21 tonnes per annum, roughly one-fourth of the world average per capita emission of 4.50 tonnes per annum.However, in aggregate terms, India is the fifth-largest emitter of fossil fuel-derived carbon dioxide, and its total emissions are growing rapidly.
- The two main types of emissions allocation schemes are:
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- Grandfathered Emissions Allocation (GEA) scheme in which permits are allocated on the basis of the aggregate emissions level of a predetermined year, say, 2010.
- Equal Per Capita Emissions Allocation (EPCEA) scheme in which the aggregate emissions entitlements for India in different years are arrived at by multiplying the average global per capita emission (4.58 tonne per capita as estimated to be in 2010) with India’s population for the corresponding years.
- The developed countries favour the grandfathered emissions allocation scheme, while the developing countries — particularly, China and India — advocate the EPCEA scheme.
Source:- DialogueIndia.in