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Showing posts from April, 2010

Save Money, Save Environment – reduce carbon foot print

This article is for all those who care for the environment. And for those who don’t care for the environment, I am sure, they care for their money, at least. Read it and you will surely get tips to save money. We all have heard so much about Global Warming, about Carbon footprints and Carbon credits. Carbon footprints refer to the amount of carbon dioxide (or green house gas) emitted into the atmosphere. Emitting greenhouse gas, along with other issues such as population, urbanization leads to the Global Warming. The issue of global warming is so alarming that corporations and countries now measure the amount of carbon emitted by them and even trade in Carbon credits. Well, the governments and corporations across the globe are arguably doing their bit in making earth a better place to live. But that is not enough. Each one of us (specially in countries such as India and China) are personally responsible for ensuring that we avoid emitting carbon dioxide and other global-warming-

China's relations with US

The reason why China is fast becoming a preferred investment destination and is a toigh competitor for India are not as obvious as it seems. Economic giant US is also not as dominating for China as it is for most other nations in the world. The fact that Chinese goods are sold at a low price across the world is not only because China has been able to able to leverage on the scale and cheap labour backed by solid manufacturing infrastructure. The reasons are more than what meets the eye. The fact is that Chinese yuan is kept at an artificially low level, giving it an unfair advantage in selling its exports. Based on this exchange rate, the US goods looks artificially inflated in price while Chinese goods look artificially deflated in price. US exports to China in 2008 were $69.7 billion (exports to India were $25.7 bn) while the Imports were $337.8 billion (Imports from India were $17.682 bn). China has not been letting its currency appreciate in a free market as it feels that thi