Editor's Desk

India and China together account for more than half of total global demand for gold, with demand from India typically surpassing that of China’s. But the fourth quarter of 2011 registered a change in the trend.

The Gold India Consumed by means of IMPORTS in the year 2010 and 2011 according to World Gold Council is as follows,

• 2010 – Indians bought 657.4 tonnes of Gold for Jewelery and 348.9 tonnes for Investment with total Gold BUYING of 1,006.3 tonnes
• 2011 – Due to rising Gold prices Indians made 567.4 tonnes of Jewelery and invested another 366 tonnes as safe haven thus taking total Gold bought by Indians to 933.4 tonnes.

India consumed 25% of the World’s Total Gold Demand which

Of the five states going to poll, Uttar Pradesh is the most important one given its sheer size. However, the results may be too close to call.

The Bahujan Samajwadi Party (BSP) suffers from incumbency, but Chief Minister Mayawati has tried to overcome it by aggressively churning her candidates. Still, there could be voter fatigue due to corruption allegations.

The Samajwadi Party (SP) has a fresh tailwind with Akhilesh Yadav and does not have the headwind of being an incumbent as it did in 2007. If the results are close, Ajit Singh’s party (currently a Congress ally) could play a prominent role in government formation. Both the Congress and the BJP suffer from lack of local leadership and

Does the Indian Institute of Management at Bangalore take pride in having Insider Trader and head of Reliance Industries, Mukesh Ambani as the head of Board of Governors of this premier institute ? I wonder how learned and qualified Professors are tolerating the same when their are clear orders from the office of the Securities and Exchange Board of India about the violations.

It is really shameful that institutes like IIM, a dream of million Indians for their Management education are accommodating

The Supreme Court Order on 2G Scam has preserved the Natural Resource – Telecom Spectrum from being thrown away at price of peanuts by means of corruption at high places. Here is a detailed analysis of the Supreme Court Order on 2G Spectrum Scam case under the able leadership of Shri Manmohan Singh.

Whether the Government has the right to alienate, transfer or distribute “natural resources/national assets otherwise than by following a fair and transparent method consistent with the fundamentals of the equality clause enshrined in the Constitution?

The Judgment Says,

The Indian Political Economy is in Short Term trouble for sure. The under-the-table cooperation model between politics and business in India had clearly broken down due to a series of corruption scandals like the Commonwealth Games, 2G Spectrum Scam, SEBI Consent Order Scam, Mining Scam Across the Country, etc

The ruling Congress / UPA will face an adverse outcome due to its direct / indirect involvement in the series of scams across the length and breadth of the country under the weakest Prime Minister in World history. Mulayam Singh Yadav’s Samajwadi Party likely to win the

The Congress Government at the Helm of affairs in India over the past 6 to 7 years have enhanced the Fiscal Deficit by overspending on so called Social Projects like the MNREGA with massive corruption and leaving the state coffer empty. Adding to this was a series of Scams in 2008-09 – Spectrum Scam, SEZ / Land Bank Scam Across India and finally the CommonWealth Games Scam.

The opposition cornered the Congress government headed by Economist Dr. Singh but remotely controlled by others. The spineless