Monday, August 20, 2012
21/08/2012 STOCKS NEWS
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VIKASSAMWATSARE@yahoo.com
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BillionaireGeorge Soros, who turns 82 , plans to marry Tamiko Bolton next year in Southampton, New York .
Soros announced his
engagement to family and friends gathered at his house in Southampton on
Long Island yesterday to celebrate his birthday .
The couple met in 2008 at a luncheon in New York, the person said. Soros proposed to Bolton, 40, on a recent weekend .
Bolton is a health-care
and and education consultant who most recently developed a Web-based
yoga-education platform, the person said. She graduated from the
University of Utah and has an MBA from the University of Miami. It will
be her second marriage and Soros’s third .
The Hungarian emigre, who ranks 21st on the Bloomberg Billionaires
Index, stepped back from day-to-day money management in 1989 to spend
more time on philanthropic work. In the past three decades, he’s given
away more than $8 billion to promote democracy, foster free speech,
improve education and fight poverty around the world, according to his
Bloomberg Billionaires biography. He has five children from his previous
marriages
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India is expected to grow
at 6.1 per cent in calendar year (CY) 2012, similar to the pace recorded
in the fourth quarter of 2011, accroding to the Ernst & Young's
quarterly Rapid Growth Markets Forecast (RGMF).
Growth should be picking
up in H2, 2012, provided the global economy does not experience a
further shock. Over the medium term, we expect a strong recovery in
investment, which will help lift overall GDP growth over 9 per cent by
2014, it said.
"India's domestic demand-driven growth model is acting as a catalyst for attracting foreign investments into the country.
Although the ongoing
global uncertainty may have prompted global investors to become more
cautious, India's inherent advantages and proven resilience to
counter-act macroeconomic challenges generally outweighs these concerns.
According to the forecast,
in India, the biggest development will be in the lower middle class
with the number of households with disposable income of USD 5,000 to USD
15,000 rising to around 150 million in 2020 from just under 100 million
now. In particular, this represents opportunities for companies in the
developed economy such as US and Europe for investments.
While the purchasing
managers Index (PMI) and car sales data in January and February of 2012
have hinted at a stronger growth dynamic for India, the country will
need to address rising inflation, which is still high.
As per the forecast, the
country's central bank will not be in a position to cut interest rates
until core inflation (excluding food) is on a clear downtrend and that
may still be some months off, particularly as the economy has recently
gained considerable momentum.
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VIKAS PARSHURAM SAMWATSARE
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