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12/11/2012
Ultra high net worth individuals (UHNWIs) are individuals or families who have, by one definition, at least US$30 million in investable assets, or with a disposable income of more than US$20 million. The exact dividing lines depend on how a bank wishes to segment its market; for example, the term "very high net worth individuals" can refer to those with assets between $5 million and $50 million, with ultra high net worth individuals only those with above $50 million.
12/06/2012
- India's image on tackling corruption has not improved with Transparency International's Corruption Perception Index (wiki link included) placing it at 94th
rank out of 176 nations this year.
- Though India was ranked at 95th
position last year, the international watchdog said it has started
evaluating the positions through a different formula beginning this year
and hence this cannot be compared to last year's ranking.
- However, the last year's rank of 95 would be 96 if it is calculated
using the new methodology which implies there was a "slight improvement"
in the index.
- This year, India has a score of 36 out of 100 on a
scale from 0 (highly corrupt) to 100 (very clean) which is a result of
an average of 10 studies including World Bank's Country Performance and
Institutional Assessment and Global Insight Country Risk Ratings.
- India
was ranked 72 among 180 countries for the first time in 2007 and since
then the country's rankings have been showing a decline. While India was
placed at 87 in 2010, the position was 95 in 2011.
- This year,
India is ranked below neighbouring countries like Sri Lanka (79) and China (80),
while Afghanistan, Iran, Nepal, Pakistan and Bangladesh fared much worse
than India when it came to corruption in public sector undertakings.
- Denmark
is placed at the top spot with a score of 90 while Finland and New
Zealand follow very closely. Countries that occupy the bottom ranks in
the index are Myanmar, Sudan Afghanistan, Somalia and North Korea.
12/02/2012
- The World Gold Council said that global gold demand
in 2013 should be led by strength in Chinese demand and a recovery in
India.
- Chinese gold demand is likely to grow around 10% in 2013 from
about 800 tonnes this year, as the world's
second-largest economy is expected to pick up pace, helping the precious metal continue its bull run into its 13th year.
- Referring to a nearly 30% fall in Indian demand in the first half of this year (hurt by a slowing
economy and record-high gold prices in local currency terms), it gave the positive projection for Indian gold sector and said that the demand should rebound after falling about 20-25 percent in 2012 to 750-800 tonnes.
- It also cited other drivers for his projections for higher demand in 2013,
including robust Western investment demand due to lingering global
financial problems and purchases by central banks.
- Global gold demand is likely to fall by around 5 to 7 percent in 2012 to around 4,100 tonnes, it added.
- "Looking
at data we have on imports into India and also premiums in Mumbai,
demand's been very strong so far in Q4 in India, I think actually
stronger than in China," it said, adding that gold purchases before the
Lunar New Year will help boost China's demand in the fourth quarter.
- Gold has
been up around 10 percent so far this year at about $1,730 an ounce.
