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Chinese pe fund for asean under way

China’s private equity (PE) fund of $10 billion for Southeast Asian countries has completed its first round of fundraising worth $1 billion and it expects its maiden project in infrastructure to take place by the end of this year.

“The fund’s preparatory work has been done and we have already started looking at a batch of projects mainly in infrastructure and joint economic projects between China and members of the Association of Southeast Asian Nations (ASEAN),” said Zhu Hongjie, vice-president of the Export-Import Bank of China (Exim Bank), at a forum on the sidelines of the seventh China-ASEAN Business & Investment Summit.

Exim Bank and the nation’s sovereign-wealth fund, China Investment Bank, jointly launched in April 2009 the government-backed PE fund, in which each party invested $300 million. The policy bank owns 52 percent of the fund management joint venture.

Zhu expects the fund’s first project in infrastructure, which is among the key investment areas for the fund, to materialize before the end of 2010.

The fund is set to provide $50 million to $150 million of capital per project and only acts as the equity or quasi-equity investor, said Lu Yueping, deputy general manager of Exim Bank’s special financing department.

The first $1 billion-fund, which was collected from major institutional investors, completed its fundraising and started operations as early as this March, Lu said.

ASEAN’s infrastructure investment market has gradually opened up and provided abundant opportunities for Chinese investors. It will help boost economic integration between China and the region, said Wang Shengwen, deputy director-general of the department of outward investment and economic cooperation under China’s Ministry of Commerce.

The sales volume of Chinese firms’ overseas contracting projects that involved communications, railways and harbor construction in ASEAN countries in the first seven months of 2010 was up 23 percent to $6.4 billion from the previous year, Wang said.

Lu said the fund also targets projects in the energy and natural resources sectors, as China’s demand for these remains large with the nation on track for rapid growth.

“We will start the second phase of fundraising when 70 percent of the first phase is used up We welcome institutions from other countries to join in the raising of these funds,” said Lu, who refused to disclose the size of the second round of funding and when it will take place.

China and ASEAN have deepened their economic ties after their free trade agreement took effect in January.

Bilateral trade jumped to $211.3 billion in the first three quarters, up 44 percent from a year earlier.

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Sez As A Major Source Of Economic Growth In India

Social Economic Zone widely known as SEZ has become a chief medium of economic development for India. The SEZ in India is not only objective for an economic growth but also to provide highly developed infrastructure with a superior financial package. Today SEZ have become a big centre of attraction for not only domestic but also for the foreign investment. SEZ in India increased its function from 1st November 2000 to 9th February, 2006, under provision of Foreign Trade Policy. SEZ in India is offered with a limitation or particular need of land that would be around 67680 hectors, which further divides into two specifications or area’s:

1) Processing Area – here SEZ units comes up.
2) Non Processing Area – here supporting infrastructure is formed for the SEZ unit.

What actually interests the investors or the purchasers would be the aim or an idea behind the SEZ and to understand that we can refer to the Social Economic Zone Act, 2005, passed by the parliament on 23rd June 2005.

The main goals are listed below:
Generating of additional economic revenue
Promoting export of goods & services
Promotion of investment from domestic and foreign resources
Generating the employment
Development of infrastructure amenities

With these simplified goals becomes common to receive numerous application for the SEZ needed area. It would be interesting to know that there were 531 formal applications received by the government till date to which there has been approval granted to 174 applications only.

Social Economic Zones in India follows certain easy rules which are listed below:
A simple process to develop, maintain and operate the SEZ in India and for setting the unit and performing business in the SEZ in India.
To follow a single clearance window to set up SEZ in India
Clearance window for the State Government and Central Government
Simplified compliance process and documentation laying more of the emphases of self certifications

With entire processes it becomes equally essential that we are aware about the merits of the SEZ in India.

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How To Restrain Overheated Economic Situation

How to restrain overheated economic situation
LineThrough the rapid development of 2010-2011, China impact crusher at last has been stroke by the spread of European economic downturn crisis, in 2012 the sales situation is not optimistic. Whether impact crusher of China could look for other ways out of the sales plight, let’s wait to see in the coming 2012.

Within a period, it always shows high-rapid economic development and the high price index. According to the definition of economics, the actual growth rate exceeds the potential growth rate called the economy from overheating, and its basic features of the economic elements of aggregate demand to exceed the total supply, which led that the comprehensive price index continues to rise. Economic overheating staged in the Chinese classical style in the early 1990s. Look, quartz is inorganic mineral, whose main components are silicon dioxide, and often a few of impurity ingredients such as aluminium sesquioxide, magnesium oxide and calcium oxide etc, appearing to be translucent or opaque crystal, generally ivory and hard. Quartz is a kind of mineral resource with stable physical characters and chemical properties, crystal belongs to oxide minerals of three party crystal system , namely the lower temperature quartz (a-quartz), is the widest-spread mineral kind in mineral group.

Overheated economy can be divided into “consumer-driven overheated economy” and “investment-driven overheated economic”. The overheated economy due to strong consumption of people is called consumer-driven economic overheating; “investment-driven economic overheating”, that is” excessive investment “, which contains two aspects of meaning:

First, after the completion of the investment projects, the products are not expected in the market demand, so product accumulated, the funds could not be recovered, resulting in a serious waste of the means of production. At this level, the “over” refers to the excessive demand for investment relative to the market.

Green technology is a technical system capable of reducing pollution and consumption, improving the ecology. This dynamic system is consisted of the relative knowledge, capacity and material means, all of which means that the corresponding knowledge, capacity and material of environmental protection and ecological transformation, are only the elements of green technology , and only if three of which work together, interact each other, green technology would constituted really. Environmental protection and ecological knowledge are two indispensable elements of green technology, technical innovation depends on them.

At present, sales situation of impact crusher in China is fairly fine, although economic downturn in European has brought certain negative effects on us, there is an upside. Economic downturn, European countries will come up with large sums of money to stimulate investment, there must also be conducive to China’s impact crusher sales.

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Advantages And Disadvantages Of Government Grants

Government grants are means to realize a project that is sure to benefit a lot of people, especially the public sectors. People or organizations, particularly those who have no means of generating the budget for a certain project designed for the welfare of the public, normally apply for a government grant. These grants are not easy to acquire, and this is one fact you need to know if you have plans of applying for one. You have to go through a lot of processes for your application to be considered and granted.

Government grants are designed to help create ideas that can be of great help for the government’s visions and missions. But there are a few good things you need to know with regards to government grants. There are advantages and disadvantages of applying for a government grant, and the following are some of them.

Among the advantages of government grants is that you will be provided of the necessary budget for the completion of the project. Depending on how much you need, the government can provide you to as much as billions of dollars for the project. Another advantage you can get is the distinction of being an awarded of a government grant. This can provide you with additional credibility, as well as public exposure you or your organization needs.

While these advantages are really great, you must know that government grants also have a few disadvantages. One disadvantage is the fact that applying for a grant from the government requires patience and a lot of hard work on your side. There is a lot of planning and research to perform during the application process. Another disadvantage is that since the government is ready to spend billions of dollars for these grants, more and more people and organizations are encouraged to apply for these grants, which means more and more competitors for your endeavors.

Despite all these, you must not waver if you are truly convinced that your idea or project has the potential to be a vital role in the progress of the place you are living in.

A Home Buying Guide On Government Assisted Mortgages

Buying a new home is the dream of every living soul. The peace of mind that comes with owning a home can never be compared to buying a new necklace, blouse or car – it is simply unique. So now that you have your finances in order and your paperwork in hand, what is the next step? Is it looking at the different options available to you, is it selecting a neighborhood that is suitable for raising your children, or, is it finding a real estate agent to help you out? If the latter is at the center of your decision making process then you surely know what you are doing. A real estate agent will give you a home buying guide that comprises of a tour of the following government assisted home buying alternatives.

FHA and VA Insured Mortgages

The real beauty of working with a real estate agent is that you will be able to learn of some of the most helpful forms of government assisted mortgages, particularly the VA (Veterans Administration) and FHA (Federal Housing Administration) insured mortgages. These programs provide the families of military personnel and civilians with affordable mortgages that have the backing of the government.

These insured mortgages guarantee credit providers that they will receive mortgage payments irregardless of a borrower defaulting on a mortgage loan. The government makes these possible by promising to pay lenders any amounts owed by individuals who receive their home buying loans. A real estate agent will offer you a basic home buying guide on how to apply for such government assisted home loans.

Modified Mortgage Payments

In line with the government’s “Making Homes Affordable Program,” there have been various structures put in place to ensure that people in financial distress can still afford to pay their mortgages. There are times when life can have you by the neck groping in pain at the thought of you losing your home.

However, when foreclosure is imminent you can still avoid the worst by applying for different kinds of mortgage payment modifications and refinancing. Real estate agents around the country may know of these offerings but your best bet would be to visit your local Department of Housing offices and ask for an in-house agent to guide you through the different programs put in place by the government.

The pleasure of buying a home should not only be associated with the excitement of finally sleeping in your own home. In a lot of ways you will find long-term peace of mind by knowing that you got a good deal on the home and that repayment will be a smooth process. Otherwise failure to work with a real estate agent will have you in all sorts of trouble as the intricacies of buying a home can be stressful if dealt with alone. It is hoped that this home buying guide will prove to be helpful in your real estate ventures.

Asean Not To Be The Next Eu

ASEAN leaders pledged not to enforce protectionist policies or raise trade barriers but to move towards a more unified region during the ASEAN summit held in Thailand this weekend. While they realized that they were far from having a common currency like the European Union, they did sign trade deals and agreements to form an integrated economic community by 2015. Prime Minister Abhisit Vejjajiva, who chaired the summit, called on the bloc to accelerate the formation of an attractive single market.

Differences in wealth and national standards are the main reasons keeping ASEAN countries from working together. Aseans biggest problem is that individual members havent been willing to sacrifice for the common good, Michael Montesano, a visiting research fellow at the Institute of Southeast Asian Studies in Singapore told Bloomberg. Every European Union member has given up sovereignty to be part of a stronger union, and we havent seen that in Asean.

As a result of the lack of inter regional cooperation, the ASEAN region has lost out on attracting FDI to India and China. In 2007, the 10 ASEAN nations collectively attracted more than US$60 billion a 18 percent jump than the year before. Meanwhile, China attracted the most FDI in Asia about US$83 billion and India attracted US$23 billion, the fourth largest FDI inflow after China, Hong kong and Singapore.

In order to bolster regional trade, the ASEAN nations signed a free trade agreement with Australia and New Zealand that covers trade in goods, investment and services. It is yet to sign a formal FTA with India. The region which is heavily dependent on exports is worried that trade protectionist policies will deepen the impact of the crisis. While a fund for US$120 billion has been set up to help bail poorer Asian nations out, the new ASEAN charter lays in place no mechanism to stop member countries from implementing protectionist policies.

S Corporation Tax Tips – How To Report Deductions On Form 1120s

If you own an S Corporation, you must file Form 1120S every year to report the income and expenses of your small business. The purpose of this article is to help you properly report all the legitimate expenses you are entitled to take. Like any business owner, you are in business to make a profit. But you also don’t want to pay more tax than required, so read on to make sure you know where to report expenses on Form 1120S.

Form 1120S has three places for you to report your expenses:

1. Schedule A, Cost of Goods Sold. If you sell a product and maintain an inventory, you must calculate your cost of goods sold. Form 1120S provides a special section to do this calculation; it’s called Schedule A, and it’s found on Page 2. This is not an overly complicated schedule, but it must be done right, or you can come up with the wrong amount for what is often the biggest expense for many businesses that sell a product.

After you complete Schedule A, the amount from line 8 of Schedule A must be transferred to line 2 of page 1. Of course, if you don’t sell any product, you can ignore Schedule A.

2. Deductions. This section is located on page 1, lines 7-18. This is where you deduct many of the most common expenses found in any business. There are 12 expense categories for you to start with: compensation of officers, salaries and wages, repairs and maintenance, bad debts, rents, taxes and licenses, interest, depreciation, depletion, advertising, pension and profit-sharing plans, and employee benefit plans.

3. Other deductions. The deduction section described above only offers 12 expense categories. Perhaps you are thinking, “Only 12 expenses! I know my business has many more expenses than that. In fact, most of my business expense categories aren’t even listed on lines 7-18 of page 1.” If that’s you, do not despair. You are not alone, and your situation is quite common. That’s why page 1 has line 19, “Other deductions.” This is where you get to list all other business deductions on a separate schedule. The total from that schedule is then transferred to page 1, line 19.

Here are some of the most common business deductions that you’ll likely include on the “Other deductions” schedule: automobile and truck expenses, bank charges, consulting fees, credit and collection costs, delivery, discounts, dues and subscriptions, equipment rent, insurance, janitorial, laundry and cleaning, legal and professional fees, miscellaneous, office expenses, parking fees and tolls, postage, printing, sales and promotion expenses, security, small tools and equipment, supplies, telephone, utilities.

You will likely have many other categories to include on this schedule. When it comes to reporting deductions, be sure sure to include every legitimate expense you are entitled to write off.

US Government Aid for Families

We all need aid at some time or another. We will show how to look and find what is available when needing Family Aid

There is a web site, benefits.gov, which can help you in finding government aid, grants, loans and other benefits and financial support coming from the federal government. The web site will show you all the important information, how to find out if you are eligible, how to apply if you are and where to do that.

When wanting to apply for any kind of financial government aid, you need to know that grants and loans are not the same. A loan has to be paid back, and many times with an interest rate. There is another web site, govloans.gov, which can help you in finding loans which are funded by the government.

Grants do not need to be paid back, but very few of them are meant for people as most of these government grants are given to universities, cities, states, counties, organizations and researchers. Grants.gov is the perfect site to browse for these types of government aid for families.

There are many programs which offer financial help and assistance for families who want to adopt children. Expenses connected with adoption, vary based on the type of adoption. Families who need this help, can research and find information about what can be claimed as financial aid for adopting and what they have to pay themselves.

There are programs which offer you a percentage of the expenses related to work, which you have already paid to a care provider, who cares for your child. The percentage will depend on the income you are receiving. These expenses will be paid if the primary function is to protect the child’s well-being. For most, a credit will be given to those who have used a care provider, who takes care of your child under the age of 13, or caring for your children and spends a minimum of 8 hours in your home.

The total sum of expenses which qualify for the credit are $3000 for one person and $6000 for two or more people. There may be some changes in the amounts, depending on taxes that are active at that year. Also, another important fact is that, the credit which will be received, may not exceed the amount of money which you or your spouse is receiving per month. This could be different if your spouse is a student.

For these credits, a qualifying person actually can be a child who is under the age of 13,or a spouse who is a student and cannot take care of himself which means that he is incapable of taking care of his nutritional and hygienic needs. This may be because of a mental or physical illness.

These are some examples we hope will help you when looking for Government aid for families.

Web conferencing grows by 56 per cent in Asia Pacific

In a study conducted for the conferencing market of Asia Pacific by research company Wainhouse, web conferencing exhibited a stupendous 56 per cent year over year growth. The total revenue for the conferencing market increased at a rate of 15 per cent in the region in 2010 as compared to 2009 to end the year at $ 828.8 million, with web conferencing solutions being responsible for 14 per cent of this figure. Audio conferencing services accounted for 81 per cent of the total share in the market, while video conferencing took the remaining share of the pie at 5 per cent.

Along with web conferencing, audio and video conferencing also grew in 2010 in Asia Pacific. While the profits for video calls increased by 19 per cent over 2009, the market also saw a 10 per cent increase in revenue of audio calls. Even in audio conferencing, there was an 11 per cent increase in the unattended call profits generated by Conferencing Service Providers (CSPs), though attended call revenues contracted by 2 per cent as compared to 2009. This trend is expected to continue as Wainhouse believes that the profits for attended calls will continue to decrease at a consolidated rate of 3 per cent in the next 4 years, while unattended call revenues will grow at a compounded rate of 11 per cent till 2015.

The share of web conferencing in Asia Pacific is expected to rise by 21 per cent by 2015, while video conferencing should grow at a steady pace of 9 per cent in the region during the same time period. In the coming times, attended audio conferencing will increase at 6 per cent in terms of volumes, while unattended audio calls will see a 20 per cent compounded demand. The market will also see a decrease in price, with the rates for attended calls falling more sharply than unattended calls. Overall, the conferencing revenue in the Asia Pacific region is expected to increase by 12 per cent, as per Wainhouse.

As compared to 2009, the volumes for attended calls increased by 1 per cent in 2010, while demand for unattended calls surged by 15 per cent. In Asia Pacific, the former accounted for 6460 million minutes or 96 per cent of the total consumption, while the latter was responsible for 247.6 million minutes, thus bringing its share to just 4 per cent. This shows that the users in the region still rely on unattended conferencing to communicate with remotely located counterparts. This study was an effort by Wainhouse to gauge the market dynamics of the Asia Pacific region and estimate the prospects of the conferencing industry as a whole here.

Dines Mark is an experienced writer having more than five years of experience in writing articles on various topics such as Web conferencing, video conferencing, and conferencing etc.

Business Development And Opportunities In Indian Oil Corporation

Oil and Gas industry in India has its own importance in the economy of the country. The industry meets almost half the demand for energy in country. India has strong resource and business environment which makes it a major player in Asian oil market. The increasing refining capacity of the country is set to make it one the most important players in the export of petroleum products in Asia. The demand of petroleum and gas products is expected to rise in India for upcoming years. The domestic production for oil and gas is also expected to grow; leading to the opening of business opportunities in the sector.

The major players in Oil and Natural gas in India are: Oil India Limited, Oil and Natural Gas Commission, Indian Oil Corporation, Hindustan Petroleum Corporation Limited, Bharat Petroleum, Gas Authority of India and Reliance Energy Limited.

Indian Oil Corporation Limited

Indian Oil is Indias flagship national oil and natural gas company. It is one the top Indian corporate company featuring in Fortune Global 500 listing. One of the largest commercial enterprises in India, IOCL is having its registered office in Mumbai, India. Indian Oil Corporation Limited operates the largest and widest network of fuel satiations in the country.

Indian Oil Corporation Limited deals in variety of products related to Oil and Natural Gas, the high range of IOCL products covers petrol, diesel, LPG, auto LPG, Jet fuel, Lubricants, aviation turbine fuel, naphtha, bitumen, paraffin, kerosene etc. The prime brands of the company are: Indane LPG, SERVO Lubricants, Autogas LPG, Xtra-Premium Branded Petrol and Xtra-Mile Branded Diesel.

At Indian Oil the business operations revolve around the refineries, pipelines, marketing, research and development, exploration and production, petrochemicals and natural gas. IOCL is having the major share in aviation fuel sector and successfully servicing the demand of domestic and international, private air lines. IOCL aims to maintain its position as the market leader and thus have maintained world class research and development center. The overseas portfolio of the company includes ten blocks spread across the countries like Libya, Iran, Gabon, Nigeria Timor-Leste and Yemen. Indian Oil Corporation has the largest captive plantation for bio fuel production in India.

Finding Business Opportunities with the Company

As per the current trend most of the business deals and supplies done through the corporate business tenders. The tenders and procurements notice for various services and product supplies are floated by the company time and again.

Indiamart, the leading web portal of tender and notification information brings you the latest tender information of IOCL tenders. Our large data base with refined and quality information, allows you to browse through the latest list of tenders and notification floated by Indian Oil Corporation Limited. Access and the latest business tenders and procurement notice of IOCL at Indiamart and drive your way to business success, with one of Indias leading company in Oil and Natural Gas sector.