India’s plan to give millions cheap food will cost more than its forecast of Rs 1.3 trillion (USD 23.8 billion) a year and will accelerate inflation, a leading adviser on food issues for the government said in an interview.The bill aims to provide subsidized wheat and rice to 70 percent of the 1.2 billion people in India, home to 25 percent of the world’s hungry poor, according to a UN agency, despite being one of the biggest producers of food supplies.The Congress party, which leads the coalition government, is pushing to pass the National food Security Bill before elections, which are due by May 2014.But the government’s own estimates say the bill would increase India’s annual food subsidy by 45 percent, threatening to add to an already hefty fiscal deficit. Critics say it is little more than an attempt to divert attention from corruption scandals involving the government. Calculation is that (Rs 1.25 trillion) is front-end subsidy. There are many costs that have not been counted.Food Minister KV Thomas has said the bill could cost Rs 1.2-1.3 trillion a year. The budget for the current year ending March 31, 2014 sets aside Rs 900 billion as the bill still awaits passage by parliament. Gulati, who advises the government on prices to pay farmers for their crops, said large-scale state grain purchases to meet commitments under the bill would lead to higher inflation.
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Ybrant Digital always focus on growth, both organic and inorganic. Company’s growth has been enormous in the last five years and its inorganic growth has also important role to play in this. Ybrant digital’s business expansion through acquisitions and mergers had gone extremely good and strategic than any other company with 90% success rate. Following are the key acquisitions Ybrant underwent in the recent years.
- Ybrant acquired Lycos for US$ 36 million in 2010, which is now its wholly-owned subsidiary.Lycos is the leading search-based Internet media and broadband content provider. It averages 12-15 monthly unique visitors a month in the US and is a top-25 Internet destination, reaching 60 million unique visitors globally.
- Ordian is Ybrant’s international ad network brand, conducting local sales and site-speciﬁc representation in Europe, North America, Latin America, Israel, Argentina, Germany, India and the UK. It is accredited by the Internet Advertising Sales House (IASH) and enables premium websites to monetize their international trafﬁc in more than 40 countries.
- Ad Dynamix is an interactive ad network offering customized campaigns and conducts advertisement deliveries for the US market and specializes in performance-based advertising.
- MediosOne has an online ad network in South America, Europe and India and assists advertisers, publishers and agencies with graphical and contextual banners. It aids in demographic targeting and reaching out to users native languages.
- Dream ad is a leading ad network company specialized in Internet media and possesses an exclusive sales house for Microsoft advertising in Latin America.
- Max Interactive specializes in banner based web advertising and mobile. This strategic acquisition has helped Ybrant enter the attractive AsiaPaciﬁc market.
BRIC countries will emerge as new destinations with growth of tourist arrivals from crisis-ridden Europe being stagnated, Secretary General of United Nations World Tourism Organisation opined.The international tourist arrivals, which has touched 1.035 billion (that represents more than one trillion dollars in revenue term excluding travelling cost) with 4 per cent growth over 2011, may witness a growth of 3.5 to 4 per cent this year, “Europe is one of the most important sources of tourism in the world.They send lot of tourists. When their economy becomes complicated the world economy becomes complicated,” Rifai told PTI on the sidelines of a conference “But fortunately the world tourism is compensated by the new areas such as China, Russia, India and Brazil. These are the emerging destinations sending more and more tourists making up to some extent of the drop in demand that is caused in Europe. UNWTO Commission’s Conference on Sustainable Tourism Development and 25th Joint Meeting of the UNWTO Commission for East Asia, Pacific and South Asia began in Hyderabad, India. Dr. K. Chiranjeevi, (Union Tourism Minister of India) said the whole world is going to experience more modest growth – may be half a point to one point less than the last year in tourist arrivals.When you have high rates of growth year after year the rates of growth tend to become smaller and smaller,” Chiranjeevi said when asked about the expected drop in international tourists arrivals this year.
In a major move aimed at reforming the global financial architecture, the BRICS finance ministers today agreed on the setting up of a development bank to fund infrastructure and development projects in the five-nation grouping of emerging powers.The agreement came after weeks of negotiations among the five emerging economies in a move aimed at changing the rules of governance in global governance, especially the Bretton Woods institutions like the World Bank and International Monetary Fund.Senior Indian negotiators have said that the BRICS bank initiative will be cleared at the level of the heads of government when the summit adopts the report of the finance ministers. Issues including capital, membership and governance still dog the BRICS bank over which a final document may get ready by next year. Still it may take years before it finally gets going.The BRICS bank can also borrow from other banks to pitch in with the much-needed capital. The BRICS bank will focus on funding infrastructure and development projects in the BRICS and other emerging economies and developing countries in a direct challenge to the way the World Bank and IMF do their business.However, Indian negotiators are also conscious of the fact that issues like capital, membership and governance are yet to be thrashed but before the summit can put a seal of approval on launching the BRICS bank.
Good-looking male workers can earn 22 percent more than their plainer colleagues doing the same job, a new study has claimed.However, good looks do not result in increased salaries for women, the study found.Researchers also found that below-average looks or outright ugliness can reduce a man’s earnings by 26 percent compared to an average-looking worker.The ‘good-looks’ effect exists across the social spectrum and attractive men in all jobs, from male assembly line workers to highly-paid professional careers, can earn 22 percent more than their colleagues doing an identical role.The research was conducted by Andrew Leigh, a former economics professor at the Australian National University, and Jeff Borland of the University of Melbourne.The largest exercise of its kind, it repeated a survey from 1984 to see if the beauty premium had changed.Leigh said that although he believed good-looking women may also be paid more, the study did not demonstrate this.Beauty can be a double-edged sword for women. Some people still believe good looks and intelligence are incompatible in women so a good-looking woman can’t be that productive, but there’s no dumb-blonde syndrome affecting men’s pay.Leigh said the research showed people in the workplace were “lookist” and he hoped the findings would help employers overcome their prejudice.
Ybrant digital provides end-to-end digital marketing solutions to global businesses, agencies, advertisers and online publishers, by utilizing the power of the Internet. It buys media from publishers and sells them to the advertisers and agencies.
-It has afﬁliations with over 6,000 online publishers and over 140 agencies.
YBRANT’S REVENUE MODELS
CPM (Cost per thousand impressions):An impression is a single appearance of an advertisement on a web page.
Facing demands from India and other countries for banking details of persons with alleged black money in Switzerland, the European nation has proposed new rules for combating money laundering and mandating extra due diligence by banks before accepting clients’ money.Switzerland’s Federal Council, the country’s top-most policy making body, has proposed that these norms would be put through an extensive consultation process till June 15.
The proposals come within days of Switzerland promising deepening of dialogue with India on administrative assistance and exchange of information about suspected illicit wealth stashed by Indians in the Swiss banks.At the same time, Switzerland’s finance ministry has also made it clear that it would not entertain any banking information requests that are based on stolen or illegally obtained account details, while it has also refused to consider any fishing expedition for Swiss bank details.In its latest proposals, the Federal Council said it has adopted two consultation drafts - one for implementation of the revised international recommendations on combating money-laundering and terrorist-financing, and the second for putting in place and extended due diligence requirements should prevent untaxed assets from being accepted by financial intermediaries in Switzerland.India is probing alleged stashing of untaxed funds in certain Swiss banks. The country has not got details of such funds directly from Switzerland and it is said that these details found their way to India after certain account details were stolen electronically by a third party.
The digital advertising industry is poised for growth with 20-30 key players contributing US$ 1 billion in annual revenues each. In this exciting space, Ybrant intends to emerge as an industry leader by 2015, generating annual revenues of US$ 1 billion through the following strategies:t Increase our market share in the already established markets of the US and Europe through the organic and inorganic routes, and leveraging our globally integrated model.t Acquire a stake in the Israel-based Web 3.0 (exclusive representative of Yahoo! Israel), which provides mobile marketing, performancebased marketing and smartphone development solutions. This will help Ybrant expand geographically and