According to Bloomberg news China overtakes Japan to become world’s second largest economy after United States of America.
Japan’s nominal gross domestic product for the second quarter totaled $1.288 trillion, less than China’s $1.337 trillion, the Japanese Cabinet Office said today. Japan remained bigger in the first half of 2010, the government agency said. Japan’s annual GDP is $5.07 trillion, while China’s is more than $4.9 trillion.
[Also read Solution to Telangana problem, Visalandhra needs for new state, Comparision of Human Development index in rural Telangana, Rayalaseema, and Costal Andhra]
Speical Economy Zones in India are created to stimulate industrial, service and manufacturing growth. The concept is based on sucess that china achived by creating speical economy zones where there are tax incentives to stimulate export based industry.There are around 103 special economy zones in Andhra Pradesh. There is quite disparity in special economy zones development in AP. Telangana including Hyderabad had higher share compared to rest of Andhra Pradesh.
Based on Region there are sixty eight (68) special economy zones in Telangana, seven (7) special economy zones in Rayalaseema, and twenty eight (28) special economy zones in Costal Andhra. This number is based on publication at SEZIndia.nic.in accessible via link.
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Interesting…
from Telegraph.co.uk
A record £1.75bn – nearly a quarter of the total ad market – was spent online in the first half of this year, compared with £1.64bn for TV, the study said.
It is thought that the UK is the world’s first major economy to pass the media milestone
BBC news reports that Indian inflation fallen to minus 1.61% at June 6.
Inflation in India has turned negative for the first time in more than 30 years, official figures have shown.
Wholesale prices fell 1.61% in the year to 6 June, compared with a rise of 0.13% the previous week, the Ministry of Commerce and Industry said.
News from BBC London
Medical teams could be rewarded with bonuses for successful operations under a plan being considered by the UK’s largest hospital trust.
The Imperial College Healthcare Trust in London said it is to launch a pilot scheme aimed at “rewarding excellence” with better resources and research.
The Department of Health says it wants to strengthen a scheme which rewards surgeons for high performance.
Is this move to trying to discipline the failing managers, or is it wider conspiracy where NHS is gradually privatised bit by bit so that at governments doesn’t feel the wrath of public anger at once.
Poor managers are to be sacked without receiving large payouts and replaced by staff from profit-making companies who would be paid with public money.
The NHS will retain ownership of hospital buildings and services but the private firm will “take over” the day to day running of the hospital….….The private firms Virgin, Bupa, Nuffield, Boots, Sainsbury’s and Ramsay Health are already providing NHS services or have expressed an interest in doing so….
Quite interesting article about economic fallacies by historains of United States of America
….As an American historian who knows something of economic law, I became intrigued with how the United States had remained prosperous, its economy still so dynamic and productive, given the serious and recurring economic fallacies to which our top leaders (have subscribed and from which they cannot seem to free themselves…read more
Microsoft said Tuesday that it will offer $1.2 billion in cash for Fast Search and Transfer (FAST), a big player in the enterprise search market. The move is sure to shake up the enterprise search market, which thus far has been dominated by a series of smaller players like FAST, Autonomy and Vivisimo. From Znet blogs(link)
Luis Juanico, who redesigned a heater for more efficiency, has launched his latest project: a concept of economically accessiable solar collector roof to manage the temperature of the house through redistribution of water. From treehugger(link)
Drug companies spend almost twice as much on marketing and promoting their products than on research and development, says a new study. In their analysis of data, they found that American drug companies spent US$57.5 billion on promotional activities in 2004. But only $31.5 billion on research.
