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India May Overtake US in Household Savings, Reaching $5 Trillion by 2020: PriceWaterhouseCoopers-Assocham Study

NEW DELHI - Savings of Indian households may overtake those of US by 2020, touching the $5 trillion mark, as the growing economy would boost incomes of people, a study has said.
"The very large household savings rate of 33.4 per cent would translate into incremental savings of $5 trillion over the next decade with growing incomes of Indian households," said the president of the Association of Chambers of Commerce in India (Assocham) Swati A Piramal recently in a statement.
Currently, the size of Indian household savings is over $330 billion, according to a study jointly done by PricehWaterhouse Coopers and Assocham. Read full story

Asian Indians Have the Highest Average Household Income Among All Immigrants, and 57% Higher than US Average
Asian Indians had the highest annual median household income of among all U.S. ethnic groups. The 2000 US Census showed that their average household income was $74,830, the highest household income of any immigrant group in the U.S. and much higher than the U.S. average. This income then jumped to $91,195 in 2005, according to the mid-decade census of the US Census Bureau, which was 57 percent higher than the average US household income of $58,082.

Asian-Indian Population Had Explosive Growth in Between 2000 to 2005, Reaching 2.32 Million
WASHINGTON D.C., Sept 01, 2006 - The Indian community in the United States added more than 640,000 to its number in the 2000 to 2005 period, a growth rate with no precedent in the history of Indian immigration to the U.S.

1.55 Million Asian Firms Generated $513 Billion in Receipts in 2007, a Whopping 41% Increase over 2002
In 2007, there were 1,553,871 Asian firms in the United States that generated more than $513 billion in receipts. California had the most Asian-owned firms at 509,670 (32.8 percent of all such firms), with receipts of $182.7 billion (35.6 percent of all Asian-owned firm receipts). New York was second with 196,919 Asian-owned firms or 12.7 percent, with receipts of $50.8 billion or 9.9 percent.

India's Belief in Democracy Provides Inspiration to People, Says Obama
WASHINGTON D.C., August 16 - India and Indians have been an inspiration and beacon of hope for people across the globe, US President Barack Obama has said on the eve of India's 63rd independence day

Bill Bonner: US Govt Plan: Create Debt, Sell Govt IOUs, Print Money, Make People Feel Richer

"Debt delenda est," we told our audience in London this morning. "This is a debt story. It Read Full Story

India to Bolster Manufacturing Output to 25% of Its Gross Domestic Product

Jaipur, Nov 11 - The National Manufacturing Policy, aimed at increasing the sector Read Full Story

Sahit Muja : Expenses of Obama's Trip Show the Gap Between His Words and His Deeds

Cost and expenses in millions per day by President Obama in the trip to India and other countries in Asia is another example of how corrupt Washington is. Mr.Obama has all the right words to make the common people believe that he is on their side. Read Full Story

In Ugly Economy, Angry Voters Likely to Shift Control of US Congress from Democrats to Republicans

WASHINGTON, October 29, 2010 - Battered by persistently high unemployment, angry at federal bailouts and pessimistic about the economy, American voters are poised to rebuke Democrats in the US midterm elections on Tuesday, November 2nd. Read Full Story

Indian-Amiercan Nikki Haley Still Ahead in Nov. 2 Election Bid to Be Next South Carolina Governor

October 21, 2010 - Indian-American Republican Nikki Haley, born Nimrata Randhawa, remains ahead of Democratic State Senator Vincent Sheheen in the race to be South Carolina Read Full Story

Anthony G Martin: US Govt Concealing Real Inflation at 10% and Real Unemployment Between 22 and 25%

The Federal government has lied about the economy. In addition to the fact that the unemployment rate is actually between 22-25% and not at 10% as the government reports, inflation is actually 10 percent and not near-zero as the Feds claim. Read Full Story

Indian Book -of-the-Year Awardee Warns Structural Flaws in World Finance Still Exist

A book analyzing the flaws in economy that led to the current financial crisis by an Indian-origin professor of finance at the University of Chicago has won the Financial Times and Goldman Sachs Business Book of the Year Award for 2010. Read Full Story

Indian-American Nikki Haley Leads By 10 Points to Become Next Governor of South Carolina

October 28, 2010 - The latest poll out of South Carolina shows Republican gubernatorial candidate Nikki Haley, born Nimrata Randhawa to Indian parents, leading Democratic candidate Vincent Sheheen by 10 points. The poll was taken two days ago. Read Full Story

Indians Celebrate Karva Chauth the World Over - A Day of Fasting and Wishing for Long Life

Indian women all over are celebrating Karva Chauth. On this day women observe a day-long fast and pray for the long lives of their husbands. Read Full Story

India Retailers, with 1.5 Million Employees Buoyed by 25% Sales Growth, to Hire 200,000+ More People

The organized retail sector in India that employs about 1.5 million people, is expected to add another 200,000+ employees by the end of the financial year 2011. Retailers have been buoyed by positive market sentiment and faster project handovers. Read Full Story

Republicans Widen Lead to 17 Points Over Democrats in Latest Gallup Poll

India's Pharma Industry to Quadruple in Revenue in 10 Years to $55 Billion: McKinsey Report

The Indian pharmaceuticals market looks poised to grow to $55 billion in 2020, according to a new McKinsey & Company report Read Full Story

Sex With the Boss is the Fastest Way to the Top, Poll Reveals. A Few Have Done It.

NEW YORK - Having sex with the boss is the fastest way to get to the top, according to an increasing number of Americans. Read Full Story

White House Press Secretary Says Obama's Nov 6-9 Visit to India to Have "Tangible Results"

WASHINGTON, Oct 20, 2010 - Underscoring the "significance" that US puts on its "important economic relationship" with India, the White House hopes to have "some tangible results" from President Barack Obama Read Full Story

Indian Scientist Anmol Madan Discovers A Way to Track Disease Sources, Spread Through Cell Phones

Your cellphone could be a key tool in the fight against disease by relaying a telltale signature of illness to doctors and agencies monitoring new outbreaks. Read Full Story

Mac Aoidh: Louisianan Ravi Sangisetty's Campaign Picks Up Downer Standard

A release today by the Ravi Sangisetty campaign capitalizes on an endorsement from the Alliance For Good Government, whose backing of St. Tammany Parish President Kevin Davis Read Full Story

Californian Democrat Dr. Ami Bera Campaigning Hard for a Seat in U.S. Congress

SACRAMENTO - Dr. Ami Bera, Democratic candidate for California Read Full Story

NY Lawyer Reshma Saujani Loses to Carolyn Maloney in Bid for Seat in U.S. House of Representatives

A former fundraiser for Hillary Clinton, Indian American Reshma Saujani, failed in her bid to challenge veteran Democrat Carolyn Maloney in a New York party primary. Winning the primary would have made her the Democratic candidate for a seat in Congress. Read Full Story

Kamala Devi Harris Running for Office of California Attorney General, Endorsed by Obama

Indian-American Democratic politician Kamala Devi Harris, who is attempting to become the Attorney General of California, a position comparable to the home minister of an Indian state, has received a significant endorsement from US President Barack Obama. Read Full Story

Steven John Otto: Raj Goyle of Kansas Pressured to Pull Out Attack Ad

WICHITA, KANSAS - Local Republican leaders are pressuring the Democratic contender for Kansas Read Full Story

India on the Rise: To Contribute $3 Billion to IMF to Get to 8th Place on Special Drawing Rights

SEOUL: India will contribute up to Rs 15,000 crore (more than US$ 3 billion) to the International Monetary Fund (IMF) following the decision of the world body to double its quota. Read Full Story

Martin Weiss: Money Printing by U.S. Federal Reserve Gone Wild ! - What Should YOU Do?

Indian Households, Saving 34.4% of Income, May Reach $5 Trillion Mark, Overtaking US by 2020: Study

NEW DELHI - Savings of Indian households may overtake those of US by 2020, touching the $5 trillion mark, as the growing economy would boost incomes of people, a study has said. Read Full Story

Indian Government Seeks Approval to Spend Additional $4.39 Billion

NEW DELHI - Finance Minister Pranab Mukherjee on Monday sought parliamentary approval for the Indian government to spend an additional net 198.12 billion rupees (US$4.39 billion) in the 2010-11 fiscal year. Read Full Story

Hong Kong's Cathay Pacific, Japan's Mitsubishi, India's Reliance Among 'Most Ethical' Firms in Asia

NEW DELHI, Nov 14, 2010 - Hong Kong airline Cathay Pacific, Japanese automaker Mitsubishi and India Read Full Story

India's Wealth To Double in Five Years. Asia-Pacific Billionaires Surpass Europe in Number

Foreign Purchase Volume of Shares of Indian Companies Crosses a Whopping $100 Billlion Mark !

MUMBAI, Nov. 11, 2010 - Foreign institutional investors (FIIs) that have been investing large amounts in Indian companies by buying their shares publicly have seen their cumulative inflows since 1992 cross a significant milestone of $100 billion this year Read Full Story

Mike Larsen: US Finds It Increasingly Difficult to Borrow Money, Even as It Offers Higher Yields

Labor Dept Projection on US Employment Outlook Very Bleak for Next 8 Years. See Which Jobs Will Grow

The growth of employment for the US until 2018 is going to be a very sluggish one percent per year at least until 2018, according to a BLS report that was released almost a year ago, but was for the most part overlooked or ignored by major mass media. Read Full Story

Here are marvelous views of our Home the Earth from Outer Space. See both day and night at same time, shallow water at edges of continents, shimmering lights of cities in the night. Copy web address at top, email to your friends. They will love you ! Read Full Story

Claus Vogt: Why Obama-Bernanke Action, Printing $600 Billion to Stimulate Economy is Doomed to Fail

Obama Says He is Going to India, Other Countries to Create Jobs in America

WASHINGTON US President Barack Obama leaves the wreckage of his Democratic Party Read Full Story

Air Force Times Estimates Cost of Obama Trip to Asia at $50 Million, Or $10 Million Per Day

WASHINGTON - The conservative blogosphere and media megaphones are trumpeting "news" that President Barack Obama Read Full Story

India Now a Buyer of US Firms: It Has Become the Second Fastest-Growing Investor into the US

Larry Edelson: Get Ready for Greater Destruction of Your Buying Power By U.S. Govt, Through the Fed

Indian-American Nikki Haley, born Nimrata Randhawa, Is Elected Governor of South Carolina

WASHINGTON D.C., November 02, 2010 - From a state legislature to governor of South Carolina in just a short span of six years in politics, Nikki Randhawa Haley, is being hailed as a new rising star on the American political horizon. Read Full Story

WASHINGTON, Nov. 03, 2010 - Republicans won control of the US House of Representatives but Democrats retained majority in the Senate, a scenario that has well been anticipated by politicians and analysts, exit polls showed last night. Read Full Story

Carol E. Lee: As Republicans Gain Control of US House of Reps, What's Next for President Obama?

With Reviving US Demand Indian IT Firms to Hire Hundreds of Thousands More People

NEW DELHI - With double-digit revenue growth returning to the $60 billion level, the Indian information technology (IT) sector top players, including Tata Consultancy Services (TCS) and Infosys, are stepping up their hiring plans for the next few quarters Read Full Story