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Indonesia is launching a Commodities Exchange (ICDX) to trade crude palm oil and other raw materials, in a fresh sign of Asian emerging countries following the path of Independent projects in Singapore and Hong Kong. In spite of being the world’s largest producer, Indonesia has been unable to set a palm oil benchmark price, with trading centred in neighbouring Bursa Malaysia in Kuala Lumpur.
The ICDX is targeting an October launch and will also focus on gold, and eventually coal. The exchange also intends to trade futures in Indonesia’s currency the rupiah.
Asia is the commodity hub of the world with China, India and Indonesia being the largest producer or consumer of almost all important Agri and Non-Agri Commodities. However, historically other than Tocom there are no large multi Commodity Exchanges in Asia. Thus, though the Asian countries either produce or consume the largest amount of most commodities, they derive the price for the same from either London or the US markets. This is bound to change over the next few years with current ongoing revamp of Tocom and also with the forthcoming launch of HKMEx in Hong Kong and other Commodity Exchangesin Singapore & Jakarta. Even China and India have been talking of revamping the Commodity Exchanges for taking larger role in the Asian Commodity Trade. However, in spite of the size of these markets, both China and India continues to remain closed markets for foreign investors and thus will not be in a position to attract International investors and become Commodity Trading hubs in the near future. Even the convertibility of currencies will remain a prerequisite for China & India to emerge as an asian commodity trading hub.
Out of all the Asian Exchanges being proposed to be launched soon, chances of success of HKMEx is significant considering the fact that apart from Hong Kong being an open economy, it should be in a position to leverage the China growth story and the trading culture of the Chinese investors. Support of Hongkong Government along with the blessings of the Chinese , will definitely take this initiative a long way.
Dear Sudip Bandyopadhyay,
I write to you on joining this blog. I write to you on a different dimension which is interwoven with our social and economic security and sustainable development. It is derailed by severity and enhanced frequency of disasters and impacts of climate change. I’m making a small contribution to protect above concerns.
It gives me pleasure to write to you and share with you that Mumbai is highly prone to many kinds of man made and natural disasters like Terrorism, Earthquake , Tsunami & Sea level rising, Cyclone, Flood, Drought, Climate change threats & Environmental Degradation, Fire, Chemical, Biological and Nuclear hazards.
It is worth mentioning that life in Mumbai is insecure due to these threats of man made and natural disasters. Children, street children, women, disabled, aged and the poor in Mumbai are most vulnerable to these disasters and loose their innocent lives.
Mumbaikars are least sensitized to develop safety culture to save their lives and lives of their near and dear ones. Terrorist attack on Mumbai on 26 November 2008 and devastating floods of July 2005 have shown us that how important it is to prepare people to develop safety culture.
Towards this cause, Saritsa Foundation with its committed zeal, has prepared and build knowledge and developed culture of preparedness amongst 78,000 schoolchildren, women, disabled, poor, street children and children of sex workers to protect them from disasters in Mumbai and Maharashtra.
The participants groups for this mission include 2000 teachers of MCGM, 350 teachers of Pune Municipal Corporation and 250 teachers of Nashik Municipal Corporation Schools so far have been provided preparedness and capacity building knowledge and practical training to cope with disasters and Impacts of climate change.
Nationally, Saritsa Foundation has prepared and built confidence amongst 162500 people including about 7200 disabled people in states of Maharashtra, Gujarat Rajasthan, Haryana, Delhi, Pondicherry, Chhattisgarh, Punjab, Himachal Predesh and Jammu and Kashmir Assam and Arunachal Pradesh since its birth on June 2000. 40 percent of these participants who have been prepared are women and girls and about 45 percent are school children.
It has conducted about 832 workshops for schools students and teachers, 200 workshops for youth, women and poor communities and 82 workshops for the disabled people. 84 community rescue teams (including police personnel of respective zones) have been prepared for coping with floods in flood prone wards of Mumbai in a period of about 9 years.
It has also conducted two innovative pioneering campaigns to educate and train poor and common people at grass root level to minimize risks from disasters and impacts of environmental degradation and climate change as under:-
• National Campaign from Ahmedabad Gujrat to Leh and Ladakhin Jammu & Kashmir to sensitize preparedness for disaster risk reduction and adaptation to climate change by a mobile team of experts, trainers and motivators during October and November 2007.This campaign covered remotest rural villages and towns of Jammu and Kashmir, Himachal Pradesh with 5 other states making a total of 7 states.
• National Campaign from Kanyakumari, Tamilnadu to Tawang in Arunachal Pradesh to build capacity for disaster risk reduction and adaptation to climate change amongst most vulnerable communities across 12 states of India by a mobile team of experts and trainers and motivators during October to December 2008.
Preparing deprived and discriminated women and girls in distress to cope with disasters and to be trainers and motivators from rural and tribal areas of Maharashtra to reduce risks from Disasters and Climate Change. It also aims to integrate these with poverty eradication goals at grass root level. The project commenced in September 2008 and has been completed on 30 May 2009.Saritsa Foundation has also conducted a workshop for the children of the sex workers on the eve of women’s day on 8 March 2009 at Kharghar, Navi Mumbai.
In continuation of its mission Saritsa Foundation has now planned to launch a “Safer Schools, Safer Hospitals and Safer Mumbaikars” (Mumbai Risk Reduction initiative) Campaign.
The aim of the campaign is raising awareness of people of Mumbai by information, knowledge and education to reduce risks from disasters and impacts of climate change.
It is visualized that this awareness campaign shall empower people to protect themselves and their families to respond to these risks. It will also complement the initiative of local Government Authorities.
Saritsa Foundation has planned this campaign for 2 years with People’s Partnership during year 2009, 2010 and 2011.
The campaign is planned in 6 phases as under:-
Phase 1 –
100 workshops for schools children and teachers.
Phase 2 –
72 workshops for communities and staff of Municipal Corporation of Mumbai.
Phase 3
10 workshops for women groups.
Phase 4
5 workshops for persons with disabilities.
Phase 5
5 workshops for hospital staff and administrators.
Phase 6
2 seminars for experts, NGO’s, practitioners, local government’s representatives and corporate managers.
Request
Your zeal and enthusiasm for well being of people of Mumbai is well known. You have always been making a very laudable contribution for this purpose. You also love children and their safety and security in Mumbai.
Terrorist attack on Mumbai on 26 November 2008 and devastating floods of July 2005 have shown us that how important it is to prepare people to develop safety culture. The above project is aimed for the same.
I request your partnership, support and encouragement for this campaign in Mumbai. You are fully aware about vulnerability of people of Mumbai to man made and natural disasters like Terrorism, Bomb Blast, Floods, Sea Level Rise, Earthquake, Cyclone, Global Warming & Climate change, Chemical, Biological and Nuclear hazards,.
I humbly request you to be a champion of this cause in Mumbai and support minimum of 20 school safety or 20 Street children safety programs or 20 community workshops. Kindly contribute Rs. 200,000/-(Rupees Two Lacks only) for this benign mission. Organization of each workshop will cost Rs. 10,000/-.
I request a meeting with you. Kindly communicate me date and time as per your convenience.
Your kind acceptance for this benign cause shall strengthen Saritsa Foundation in its campaign.
Thanking you,
With warm regards and good wishes.
Yours Sincerely,
Colonel NagarM Verma
[ REPORT ABUSE ]a good piece of information
[ REPORT ABUSE ]Sudeep jee मै यह जो पोस्ट लिख रहा हू बस आपसे मदद की उमीद मे लिख रहा हू. इस समय मे मुझे अपने साइवा कुछ नही दिख रहा है तो मै आपकी या आपके ब्लॉग की तारीफ नही कर रहा हू. माफ़ कीजिएगा. और हो सके तो मेरी मदद ज़रूर कीजिएगा. पिछले एक साल से मेरी नौकरी गयी हुई है. जिनके लिए मै काम करता था शायद उनको मेरा सॉफ सुथरा बोलने का अंदाज़ और सॉफ सुथरा काम करने का अंदाज़ पसंद नही आया. कोई बात नही मै ऐसा इंसान हू की कभी भी किसी को दोष नही देता हू. Sudeep jee अभी मेरी हालत ये है की मै बीबी और अपने बेटे को अपने पास नही रख पा रहा हू वो अपने मैके मे है मेरे माता पिता को मेरी ज़रूरत है लेकिन मै हू की अभी भी अपने को ही खड़ा करने मे लगा हू. जॉब खोजते खोजते यू के मे आ गया ना चाहते हुए भी लेकिन यहाँ भी पैसे कमाने की तलाश मे ही हू. मुझे तो इंडिया मे ही अगर आपसे हो सके तो कोई जॉब दिलवा दीजिए . मै जनता हू की ये आपके लिए आसान नही है फिर भी अगर ऐसा हो जाता है तब आप एक साथ कितने ही लाइफ को शुकून देंगे ये रब ही जनता है . मै आपसे बहुत ही उमीद मे ये संदेश भेज रहा हू. शायद आप कुछ कर सकें. Really sudeep jee i have watched you a lot on TV and i know you are capable to do for some one. you have done alot for many people. so plz. do something for my sake my whole life will be obelize to you i want a chance plz. support me i have to do and prove my-self even at the cost of my life. plz. be sure to reply me at- RAKESHQUMAR@YAHOO.COM
[ REPORT ABUSE ]\धन्यबाद rakesh kumar
email- rakeshqumar@yahoo.com,rakesh_qumar@hotmail.com
Dear Patron,
[ REPORT ABUSE ]This world is full of purities & impurities and we in the race of materialistic needs never get time to think about our motherland and environment. We are so busy that we never think about anything apart from our family and materialistic requirements. Do we know the truth of the flowers, which we dedicate to our Lord ” The Creator of this world”?
Sir, if you find any truth in the above illustration, let us feel the strength of your conviction by your participation in this Spiritual Mission.
Today on the occasion of the Independence day, we on behalf of every Indian remembering those thousands of freedom fighters who laid down their lives for the freedom of our country…a neat and clean country which they dreamt of. Lets join hands for this Noble and Spiritual Mission.
Our NGO – Youth Fraternity Foundation aims to serve the nation in various ways. You must be aware of the pollution being caused due to the disposal of used flowers and other worship materials in our Holy River Yamuna , and carried by all the rivers of India. Our organization, YFF, has undertaken a project to clean the rivers of INDIA starting with The YAMUNA, which will be starting from Delhi .
Regards
GOPI DUTT ( gopiduttakash@gmail.com )