Issuu on Google+

INDIA JOURNAL

May 23, 2008

B

BUSINESS

Computer Software Piracy Costs India $ 2 Billion NEW DELHI - The Indian software industry lost about two billion dollars of revenue this year due to use of pirated softwares, a study has said. A study by the Business Software Alliance (B.S.A.), an international association representing the global software industry, showed that though computer software piracy rates in India declined, the country still registered losses to the tune of $2 billion in 2007 in monetary terms, compared to $1.28 billion in 2006. Piracy of software on Personal Computers (P.C) in India has come down to 69 percentage points for 2007, toeing the global trend in which piracy rates dropped in most countries, the study said. The software piracy menace has been haunting the major software developers like Microsoft. Microsoft (India) Managing Director Neelam Dhawan had earlier said the industry is losing a large share of its revenue due to circulation of pirated softwares. It has also acted as an dampener for the local software firms for developing applications. “There are less Indian success stories of software applications being adopted on a large scale as India has a high piracy rate and there-

INSIDE THIS SECTION India Bhutan Economic Engagement to Touch Rs100 Billion B4 Indian Inflation Veers Out of Control: Touches 7.83%

B4

Speaking Freely: Challenges for Air-India B13

fore Indian companies do not make money,” an industry expert said. Software piracy affects much more than just the industry revenues, it even hits the job market and eventually the country’s economic growth. An I.D.C. economic impact study released in January this year found that by reducing P.C. software piracy in India by 10 percentage points over a period of four years could generate an additional 44,000 new jobs, $3.1 billion in Contd. on B13

Microsoft India M.D. Neelam Dhawan

India 2nd Largest Seller of Carbon Credits Globally NEW DELHI - India has emerged as the second largest seller of carbon credits in the global market with six per cent share in 2007, while China tops the list with a huge 73 percent, a World Bank report said.

“India and Brazil, at 6 per cent market share each, transacted the highest volumes after China in 2007,” said the report ‘State and trends of the carbon market 2008’. Certified emission reduction Contd. on B13

SECTION

PERSON OF THE WEEK Shan Nair Bags 2008 Outstanding 50 Asian Americans in Business Award BY A.MATTHEWS

NEW YORK, NY – Dr. Shan Nair on May 5 was named the recipient for the 2008 Outstanding 50 Asian Americans in Business Award, presented by the Asian American Business Development Center (AABDC) The awards honor Asian American entrepreneurs and executives with great achievements in business nationwide. Nair will receive the award at a banquet on May 28 at The Waldof-Astoria here. The 2008 awards recognize achievements from 2007 and is the first and largest business award program for the Asian American business community. In an interview with India Journal, Nair reacting to the award said he felt deeply honored to be selected among so many outstanding Asian Americans and was looking forward to the awards ceremony and the opportunity to meet other awardees. Asked why he felt Asian Americans were successful in business, he opined that Asian Americans often come with a strong work ethic that suggests not taking anything for granted.

US Law Center Offers Top Immigration Services

Practice of law started in 1998. Attorneys Mike Sethi and Sanjay Sobti are based in Southern California with offices in Orange County and Riverside County. Speaking with India Journal they say they travel throughout the US to meet with clients and attribute their ‘ success to their thorough understanding of current and evolving immigration law. Many of their clients come as referrals, which they consider a ``tribute to the responsive and personal service that is a hallmark of our practice.” The Law Center has grown over the years to where it has offices in Contd. on B14

By AMELIA M.

ORANGE /CORONA – CA - The U.S. Law Center is a nationwide, full-service immigration law firm

DOLLAR / RUPEE RUPEES

U.S.

Rs. 42.47 ............... $1

MARKET WATCH GOLD

NY TRADING

$912.70 ......... 1 ounce SILVER

NY TRADING

$17.25 ........... 1 ounce

Shan Nair “They have an instinctive grasp of doing business and are often first or second generation with firsthand knowledge about the hardships back home. Many come with an ‘American Dream’ in mind and are smart enough and persistent enough to create their own success,” he added. Contd. on B13

that provides large corporations, small businesses and individuals with a full range of immigration processing and placement services.

Sanjay Sobti

Mike Sethi

L O A NLOANS S A R EARE S T STILL I L L AAVAILABLE VAILABLE T LO W RATES AT ALOW RATES For All Your Residential/Commercial Mortgage Needs

CD MORTGAGE CORP. 6 Hughes, Suite 120, Irvine, CA 92618

Warren Venkatesh Cell: (714) 612-1242

RESIDENTIAL THIS MARKET IS CHANGING FOR BETTER • 6 BD 4.5 Ba in Yorba Linda almost NEW. • 4 BD 2 Ba Home in Sunny Hills School for $ 500k only • 5 Bd 3.5 Ba home for $ 989,000 in Tustin • 4 BD 3 Ba home for $ 975,000 in Irvine • Single Family HOMES for FIRST TIME BUYERS AVAILABLE • 3 BD 1.5 Ba Condo for Sale at $ 268,000 only. SEVERAL RESIDENTIAL CONSTRUCTION PROJECTS AVAILABLE

We Can Find Your Dream Home anywhere in California

(949) 581-1939 CA Dept of Real Estate Brokers, Lic # 00999152 • (916) 227-0931

REAL ESTATE BONANZA

COMMERCIAL

BRINGS YOUR DREAM COME TRUE

Rashmi Shah USA Certified and Licensed Interior Designer

Jigar Shah, MBA Residential, Commercial & Business Properties Expert

Call Direct: 714-626-2023 Email: jrshah@pacbell.net www.jrshah.com

Sanjay Shah Cell: (714) 350-9379

RESIDENTIAL & COMMERCIAL DESIGNER

• High Volume Quizno for Sale in Riverside Rashmi Shah • High Volume ColdStone for Sale in Orange County USA Certified and Licensed Interior Designer • BUSINESS CONSULTING SERVICES AVAILABLE (714) 738-1345 • Brand new Industrial Buildings in Northern California and Southern California (714) 309-4414 • Several Gas Stations with property in Southern California -Call for FREE Estimates with Property. SERVICES AVAILABLE • Shopping Center for sale in Riverside and Orange Counties • Total Remodelling • 12 Units Apartment for Sale in Ontario and Costa Mesa • Hotel/Motel Decorating Experts “PROFESSIONAL PROPERTY AND BUSINESS • Custom Furniture/Drapes/Bedding MANAGEMENT OF ANY KIND AVAILABLE” • Custom Flooring/area rugs SEVERAL COMMERCIAL CONSTRUCTION PROJECTS AVAILABLE • Full line of Landscaping including Discovery Realty Pool,Spa, Gazebo, Barbecue etc. Teamwork that works!


Shan Nair bags 2008 Outstanding 50 Asian Americans in Business Award