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Business buzz says future bright for AP and Telangana, India
Hyderabad: With the formation of the new state of Telangana, on June 2, 2014, 20 per cent of the head-offices in Hyderabad are expected to shift to Andhra Pradesh. Since both states have stable governments, the industrial sector is expected to attract more investment.
There will be a slight increase in taxation due to the increased two per cent CST (Central Sales Tax), which will have a knock-on effect on the cost of goods. However, no physical movement of industries or labour is expected from one state to the other, despite the fact that 50 per cent of the industries in Telangana are owned by industrialists from AP.
The ailing industrial sector will see more growth in the already existing growth clusters, and many new clusters will be developed depending on the new governments’ policies. Industry insiders predict a bright scenario with more incentives coming their way from both states to woo them.
While currently industrial growth is more in Telangana region, a majority of the industries in the region are owned by entrepreneurs from Andhra. There had been concerns of physical damage to property in the region, but the industrial sector is certain this won’t happen.
“Most industries will not shift merely for the change of state. Business composition, availability of raw materials and movement of goods is far more important. About 15 to 20 per cent of head offices in Hyderabad of industries in Seemandhra are likely to shift to Seemandhra region. However, since more manufacturing zones will be required by both the new states, we expect not only the current incentives to continue but also the incentives to be increased by both the new States,” said V. Anil Reddy, vice president of the Federation of Andhra Pradesh Chambers of Commerce and Industry.
A futurist and clean energy expert, Toni Seba, has predicted that electric vehicles would destroy the global oil industry after a decade. By 2030, 95% of people won't own private cars which would wipe off the automobile industry, he says.
Boeing and JetBlue Airways have announced they would begin selling a hybrid-electric commuter aircraft by 2022. Planned by start-up Zunum Aero, the small plane would seat up to 12 passengers and reduce travel time and cost of trips under 1,600 km.
Here is another "great" product from Herbalife. Marketed as an ENERGY drink mix. Few people know it contains Gurana seeds which have no active compound giving artificial energy other than caffeine. Afresh also contains additional caffeine
Ingredients of Herbalife Afresh Energy Drink Mix: Maltodextrin, Orange Pekoe Extract, Guarana Seed Extract, Acidity Regulator - 330 and Caffeine Powder.
The Public Provident Fund (PPF) will now offer 7.9% but experts say it is still a good option for investors. Given that consumer inflation is down to 3.65%, the real rate of return of the PPF is a healthy 4.25%.
"This is quite impressive for an option that offers assured returns," says Amol Joshi, Founder, PlanRupee Investment Service. "Investors should continue to take advantage of this long-term tax-free product," he adds.
Even if you compare the PPF rate with the 10-year government bond yield, the scheme is attractive. "The 10-year bond yield is a better benchmark for PPF than consumer inflation," says Manoj Nagpal, CEO, Outlook Asia Capital Currently, the 10-year bond yield is around 6.8% and the PPF at 7.9% makes it for a premium of 110 basis points. "Historically, the average premium has been around 75 bps. So, the PPF investor is today earning a higher real return," says Nagpal. Even so, some investors may be feeling disappointed by the cu…