HTC One Series unveiled in India

HTC has joined hands with Bharti Airtel to introduce exciting limited period offers on every purchase of HTC One X and HTC One V

HTC, a global designer of smartphones, has unveiled its new HTC One series of smartphones with a new level of iconic design, consisting of a camera, sound and media link HD Display in India.

HTC has joined hands with Bharti Airtel to introduce exciting limited period offers on every purchase of HTC One X and HTC One V. Airtel mobile customers purchasing these all new devices till 30 June 2012 will be able to enjoy free download of 100 full songs, 500 MB data for three months and 200 minutes of Mobile TV.

The HTC One series integrates Android 4.0 (ICS) with HTC Sense 4, the new version of HTC’s branded user experience that is introducing HTC ImageSense, a new suite of camera and imaging features that set HTC One apart from other phones.  HTC Sense 4 also includes broad enhancements to audio quality and simplifies how people listen to music on their phone.

The HTC One X handset is available in polar white and glamour grey, while the HTC One V comes in the colour of jupiter rock.  

The HTC One X and HTC One V will be available at the price of Rs42,999/- and Rs19,999 respectively, while the best buy prices will be Rs37,899 and Rs18,299/only

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Government aims to raise India’s share in global FDI to 5% by 2017

The Department of Industrial Policy and Promotion has set a goal “to increase FDI inflows to India by improving its global share from 1.3% in 2007 to 5% by 2017”

The government plans to raise India's share in the global foreign direct investment (FDI) to 5% by 2017 by streamlining policies for attracting investments.

The Department of Industrial Policy and Promotion (DIPP) has set a goal “to increase FDI inflows to India by improving its global share from 1.3% in 2007 to 5% by 2017”.

A report of the DIPP said that India has already emerged as one of the most preferred destinations for foreign investment and “this eminent position will need to be sustained”. Since in a globalised economy manufacturers have the choice to locate in any part of the world to get a competitive advantage, “DIPP will aim at sustaining this preferred location status for India,” it said.

Experts said the aim is achievable provided some major economic reforms like FDI In multi-brand retail can be implemented on time. “This can be done but for that there is a need to further improve the investment climate of the country,” Ficci secretary general Rajiv Kumar said. India has received FDI worth USD 26.19 billion during April-January of last fiscal, an increase of 53% over the same period of previous year.

To boost FDI into the country, the government is actively considering allowing foreign airlines to pick up 49% stake in the domestic carriers. Also, an exercise is going on to arrive at a consensus for allowing 51% FDI in multi-brand retail sector.

Towards further liberalising FDI regime, the government has allowed overseas investment in bee-keeping and share- pledging for raising external debt. The conditions for FDI in respect of construction of old-age homes and educational institutions were also eased. It also aims to encourage IPRs by streamlining the procedure of filing, examining and granting of intellectual property rights.

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Cotton Association demands removal of ban on cotton exports

“We urge the government to open registration of further quantities for export and make the export of cotton free under OGL without any quantitative and other restrictions with immediate effect,” the Cotton Association of India said

The government should allow further exports of cotton for the benefit farmers who are currently holding large stocks, the Cotton Association of India (CAI) has said.

On 12 March 2012, the government lifted the ban on cotton exports, which was imposed on 5 March 2012, but decided not to issue fresh permits for exports. Before the ban, the Commerce Ministry had issued registration certificates for 130 lakh bales (of 170 kg each), of which 95 lakh bales had already been exported.

“We urge the government to open registration of further quantities for export and make the export of cotton free under OGL without any quantitative and other restrictions with immediate effect,” the association said in a statement.

Urging Prime Minister Manmohan Singh to free cotton exports immediately, it said the move will benefit farmers the most, as a sizeable quantity of cotton is still in the their hands and is yet to arrive in the market.

Due to the fall in the prices as a result of this ban, farmers are losing heavily. It is over a one month since the export of further quantities of cotton has not been allowed, the CAI said.

“Though Indian mills had the option of entering the market, they have not done so in a big way, despite the cotton prices being lower than before, thereby giving no support to the cotton prices,” Cotton Association of India president Dhiren N Sheth said.

In case of need later on in the season, the spinning mills have the option of importing duty free cotton. It has happened in the past not several years ago, when almost 15% of the total cotton production of the country was imported by the mills for several years in succession, Sheth said.

It is extremely unlikely that even half of such an import figure will be required to be reached this season. Australian, Brazilian and East African cotton is expected to be available in abundance, he added.

Even during the years when India was a net cotton deficit country, cotton exports were always kept under Open General Licence (OGL). However, it is ironical that in the years of surplus availability of cotton, export is meted out with restrictive policies now.

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