BizAims

SOUTH  STREAM  GAS  PIPELINE
South Stream is a proposed gas pipeline to transport Russian natural gas to the Black Sea to Bulgaria and further to Greece, Italy and Austria, supplying 63 billion cubic meters (bcm) of gas annually. The project is seen as rival to the planned Nabucco pipeline. The completion is due by 2015.
The South Stream pipeline project was announced on 23 June 2007, when the Chief Executive Officer of Italian energy company Eni Paolo Scaroni and the Vice-Chairman of Russian Gazprom Alexander Medvedev signed in Rome a Memorandum of Understanding (MOU) for construction of South Stream. On 22 November 2007, Gazprom and Eni signed in Moscow an agreement about establishing a joint project company for the commissioning of the marketing and technical feasibility studies of the project. The joint venture South Stream AG, equally owned by Gazprom and Eni, was registered on 18 January 2008 in Switzerland.

Noida (short for the New Okhla Industrial Development Area) is an area in India under the management of the New Okhla Industrial Development Authority. Noida came into administrative existence on 17 April 1976 and celebrates 17 April as "Noida Day". It was set up as part of an urbanization thrust during the controversial Emergency period (1975–1977). The city was created under the UP Industrial Area Development Act. It is also home to the Noida Film City.

Noida is located in Gautam Budh Nagar district of Uttar Pradesh state. The district's administrative headquarters are in the nearby town of Surajpur.

India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla in 1965. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000.

The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005.

The main objectives of the SEZ Act are:

a)      generation of additional economic activity

b)      promotion of exports of goods and services;

A Special Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's typical economic laws. One of the earliest and the most famous Special Economic Zones were founded by the government of the People's Republic of China under Deng Xiaoping in the early 1980s. The most successful Special Economic Zone in China, Shenzhen, has developed from a small village into a city with a population over 10 million within 20 years. Following the Chinese examples, Special Economic Zones have been established in several countries, including Pakistan, India, Iran, Jordan, Poland, Kazakhstan, the Philippines,Russia, and Ukraine. North Korea has also attempted this to a degree, but failed. Currently, Puno, Peru has been slated to become a "Zona Ecomomica" by its president Alan Garcia. In the United States, SEZ are referred to as "Urban Enterprise Zones".

This economy has created both winners and losers. The quickest road to bankruptcy is to sit on your hands, do nothing, and wait for the economy to improve. No matter what industry you work in a "business as usual" mindset will sink your ship. You have to be innovative, stand out, and market your products and services in a new way.

Now more than ever you have to focus, improve, and possibly even change what you do to attain, retain and maintain customers. Consider the following ten-steps to make your business recession proof.

Strategy 1. Think big and audit your time. No matter the size of your business, place a mental image in your mind as if you are the largest and most successful person in your industry.

1. Have a vision!

Most business sites are on the desire to make money. Now. No matter what, probably to make money on the conveyor belt. It's normal. After all, for that between people in business. What they do not understand is that if you have a vision, if you do not "focus" business, you will not ever get to evolve, to make more money.

I recently worked for a web design company, owned by two partners. One of them had a clear vision of business, the other just wanted to do 100 sites a day to "get" how much more money. At one point, the business partner who had vision and he gave made another web design agency. Now guess which of the two business sites still work? Right.

Both new businesses and established companies often struggle to find more clients. Even if you have the best product or service in the world, your organization will not be a success unless you have customers who purchase it. There are many ways to find and attract clients using basic marketing tools and strategies.

       1. Advertise your business efficiently. One of the main ways to do this is by having a clearly defined target market or prospective client base. Rather than just paying for a local newspaper ad or advertising your services in the Yellow Pages, think about who you want to hear your message. For example, if your target client is a teenager, you'll most likely need to market your service on the Internet, via social media tools. If your target market is retired seniors, consider placing an ad in a national magazine that appeals to this demographic.

Each business can reach a plateau in its growth. This is when it becomes important to find new clients to add to the existing one. Following are some ideas of where to tap into new clients.

   1. Picking new places to advertise your business. Check into new publications in your area. Many of them will offer free or low cost advertising price.

    2. Check out networking groups in your area. When you find a local networking group in your area get involved. These are called GBR, which stand for Group Business Referral. If you cannot find one in your area think about starting one with other local business owners.

When you're starting a new business, the last thing you want to focus on is failure. But if you address the common reasons for failure up front, you'll be much less likely to fall victim to them yourself. Here are the top 7 reasons why businesses fail and tips for avoiding them.

According to statistics published by the Small Business Administration (SBA), seven out of ten new employer establishments survive at least two years and 51 percent survive at least five years. This is a far cry from the previous long-held belief that 50 percent of businesses fail in the first year and 95 percent fail within five years.

By Mary White, M.A., a professional trainer and consultant with extensive experience in HR, corporate training, public relations, and marketing.

What is a Small Business Bond?

A small business surety bond represents a guarantee that the covered business will honor contracts into which it enters. Getting bonded for small business involves acquiring a third party promise to pay if your organization does not fulfill its contractual obligations. This is done by purchasing a surety bond from a bonding company.

Depending on the type of business you operate, getting bonded may be a requirement in order to get a license from the state or municipality in which you operate.

Property insurance, or commercial property insurance, is often the most important kind of business insurance an enterprise can have. Property insurance covers the cost of repairing or replacing property that is damaged or destroyed.

Most businesses need property insurance because they do not have enough money to pay for the repair or replacement of property or equipment needed for its operations. The types of materials that should be insured include buildings, vehicles, equipment, furniture, computers, and, in some cases, documents.

Types of Commercial Property Insurance

There are two types of commercial property insurance commonly sold in the U.S.: at-risk policies and peril-specific policies. Most businesses are able to get by with an at-risk policy.

At-Risk Insurance

An at-risk commercial property insurance policy covers losses caused by all events except those specifically excluded in the policy.

The terrorist attacks on the United States on September 11, 2001 resulted in one of the largest insurance losses in history. Reports differ. Some sources state that Hurricane Katrina caused greater losses, others find 9/11 to represent the most catastrophic insurance loss. All agree that losses exceeded $32 billion at a time when it was estimated worldwide insurance reserves were approximately $300 billion.

The loss involved property insurance, workers' compensation, liability insurance, airline insurance, and many other facets of the insurance market. And today's business insurance market was changed forever on that day.

Anybody who starts their own business soon finds that business insurance is one of the biggest and most important expenses they face. This means that every entrepreneur should have a good understanding of what business insurance is and how it works.

Insurance Basics

Business insurance is designed to cover the expenses related to losses that could not be covered by a business's normal revenues. Generally, insurance pays for losses caused by events outside of a business's normal scope of operations.

Property insurance insures your business against loss or damage to the location of the business and to its contents. It will also insure against loss or damage to contents under your control. Finally, if your business rents or leases a location or travels to other physical locations, then your business will be required by the property owner to carry property insurance by the terms of the lease or contract.

The more kinds of loss the policy covers, the higher the premium. Property insurance comes in two forms:

Economic growth is moving rapidly eastward. Place bets on China and India. China's economy growing rapidly, but with its independence from foreign investments can survive only if other economies maintain their attractiveness. India's economy is more self-sustaining, but has a high rate of corruption and rising inflation.

Infrastructure. 11% of China's GDP is spent on infrastructure development, according to Bloomberg, while for India, only 6.5% of GDP goes to infrastructure. India expects to spend $ 1 trillion investment in infrastructure between 2012 and 2017, according to Livemint publication.

Estate bubble. Japanese bank Nomura has predicted that home prices in China will drop by 20% by December 2011, according to Bloomberg. If we add to this property taxes and new rules for payment for the second and third home, China has serious problems in this area. Prices in Mumbai and Delhi in India have doubled since mid-2009.