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About Us
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The ICA Institute
is a non-profit research institute working to
foster research and dissemination of
knowledge on the rise of China and India and
their impact on global markets, global
resources and geopolitics of the world. The
ICA Institute's mission is to generate new
perspectives on the role of market and
resource driven economic development. ICA
Institute fosters interaction and dialogue
between academic scholars, industry leaders
and policy makers on the impact of emerging
economies in general and China and India in
particular. Specifically, The ICA Institute is
positioned to be a catalyst between faculty
and students in International Business and
industry leaders and managers.
www.icainstitute.org
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Announcements
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(ICA Institute | July 05 2010) The Journal of Emerging Knowledge on Emerging Markets, an ICA
Institute Publication is now hosted at the "Digital Commons" run by the Berkeley Electronic Press. All upcoming issues of the journal can be accessed here. "JD Power to Keynote TiE Entrepreneurial Summit"
(July 16-17, 2010) As a partner organization, ICA Institute contacts will receive $100 off the non-member price to register to attend TES. The promo code for ICA Institute group is TES716ICA. |
Headlines
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OECD's new geography of growth
(LiveMint.com | Jun 27)
Nowadays, with much of the developed world devastated by the financial crisis, a new classification is called for. The Organisation for Economic Co-operation and Development (OECD) has decided to cater to that demand. In a recent publication, Shifting Wealth: Perspectives on Global Development 2010, it divides the world into four categories, which it believes reflects more accurately what it calls the "new geography of growth". It proposes a new fourfold classification into "affluent, converging, struggling and poor countries, according to their income and rate of growth per capita relative to the industrialized world".
 Rebranding the Rupee: Will a New Symbol Help India Raise Its Currency?
(Knowledge @ Wharton | Jul 1)
The search for a new symbol for the rupee had started in February 2009, when the Union Ministry of Finance kicked off a competition for the design of the symbol -- although not without controversy. Non-resident Indians protested because they were not allowed to participate. Others grumbled at the US$10 entry fee. Some objected to the identifying photograph that had to accompany all entries because it intruded on participants' privacy. And there were complaints when the five winning entries were shortlisted by a panel of experts.
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Policy
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Cabinet approves Rs 235.35 crore for energy efficiency mission
(Yahoo News (IANS) | Jun 24)
The Indian cabinet has approved the implementation plan of the National Mission for Enhanced Energy Efficiency which could lead to reduction in greenhouse gas emissions and savings of crores of rupees of energy expenditure. A government statement said the cabinet approved expenditure of Rs.235.35 crore for the energy mission, which aims to create and sustain markets for energy efficiency in the entire country.
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Capital Markets
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 Video: Lending quality better in India than in China: MasterCard
(Economic Times | Jun 30)
Infrastructure and real estate companies such as GMR and Hindustan Construction Company are setting up campuses for universities and higher education institutes, with the aim of riding growth in the $80-billion-plus education industry. The higher education sector in India alone is worth $10 billion, and is growing at a compounded annual growth rate (CAGR) of 12%, according to a report by private equity firm Kaizen.
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Technology
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RCOM merges tower biz with GTL Infra
(The Economic Times | Jun 28)
Reliance Communications (RCOM) has announced a deal that would see its tower business combine with smaller rival GTL Infrastructure to create what it claimed would be the world's largest independent telecom tower company with an enterprise value of Rs 50,000 crore and 80,000 towers. The GTL Infra-RCOM deal is one of the biggest domestic M&A deals.
Cyberwar
(The Economist | Jul 1)
...Many of the computers used in the attack belonged to innocent Americans whose PCs had been hijacked. Companies suspect China of organising mini-raids to ransack Western know-how: but it could just have easily been Western criminals, computer-hackers showing off or disillusioned former employees. One reason why Western governments have until recently been reticent about cyber-espionage is surely because they are dab hands at it, too.
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Environment | Climate Change
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Asia's alarming cities
(The Economist | Jul 1)
As for the superblocks that exemplify China's urbanisation, a dozen new ones are built every day. Yet their conceptual design is flawed, however many low-energy light bulbs they boast. They get built after the city government lays out a system of arterial roads. State utility companies put down power, water and sewage mains. Developers bid for the rights to build blocks with specified numbers of housing units, schools, offices, shops, green space and so on. The developer throws up the block and plugs it into the centralised utilities grid. Presto, people move in.
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Education
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Infrastructure, realty cos setting up campuses for universities
(Economic Times | Jun 30)
Infrastructure and real estate companies such as GMR and Hindustan Construction Company are setting up campuses for universities and higher education institutes, with the aim of riding growth in the $80-billion-plus education industry. The higher education sector in India alone is worth $10 billion, and is growing at a compounded annual growth rate (CAGR) of 12%, according to a report by private equity firm Kaizen.
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Infrastructure | Real Estate
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India | Real estate: How the new tax code impacts you
(Rediff News | Jun 24)
The revised draft for the Direct Tax Code released on June 15, is currently a hot topic of discussion among people. The code is an attempt by the government to simplify the existing income tax laws in the country. Assuming there are no further roadblocks, the government expects to implement DTC on April 1, 2011, after it is passed by the Parliament.
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Opinions
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 India's Coming Urbanization Phase
(Knowledge @ Wharton | Jul 1)
between 2005 and 2010 we think we are going to start to see that inflection point change and we are going to see an increase again. But what we wanted to say with this most recent paper was that it is the next coming trend, that when it happens to India it is really going to affect global urbanization patterns. We think on very conservative estimates about 380 million people are going to be added to India's urban spaces over the next few decades. So that's more than the entire population of the U.S. moving into urban India. So that's going to be one of the most defining changes that we have yet to see.
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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