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Jakarta – A company in India launched a ‘cash machine’ first in the world that can serve a purchase of gold, silver, and diamonds through the machine.

Gitanjali Group is launching the machine in Mumbai shopping center on an annual Hindu festival called Diwali, on Wednesday this week.

Diwali is a day of traditional celebrations of Hindus. On that day, Hindus used to buy gold and jewelry.

While India until recently was known as an importer and consumer of gold and jewelry in the world.

“This machine is the first in the world and the future will continue to be developed for the purchase of jewelry and gold,” said Sanjeev Agarwal Executive Gitanjali is quoted as saying by AFP on Friday (10/29/2011).

In the ‘ATM machine’, the consumer can choose the 36 jewelry products to the size, design, and different prices. Prices range from jewelry sold 1,000 rupees to 30,000 rupees or about U.S. $ 20 to U.S. $ 600.

Consumers can pay for jewelry purchased with a credit card or debit card. Even the cash payments are also accepted.

Gitanjali Party said, this machine is it worth it to help people who want to buy jewelry on urgent basis while welcoming the day of Diwali.

Gitanjali is known as a company selling jewelry in India. The company plans to deploy these machines in various shopping centers, airports, and temples.

For information, throughout the first half of Indian gold consumption in 2011 reached 540 tons, up 21% from the same period last year.

thailandShare

Flood Impact Economic Prospects Can I Descended Again When Disaster Worsens Flooding Will Continue to Crush Thailand’s GDP

indonesiafinancetoday.com

BANGKOK – Widespread flooding in some areas in Thailand have disrupted the economy of the country. A number of sectors that have been supporting Thailand’s economy, like tourism, agriculture and industry, were disrupted by floods in recent months. These conditions encourage the Bank of Thailand (Bank of Thailand / BoT) pessimistic about the prospects of the domestic economy this year, given the increasingly widespread floods.

Therefore, BoT revises growth forecast gross domestic product (GDP) in 2011. Through its quarterly report on Friday (28/10), BoT cut its GDP forecast to 2.6 percent this year from which issued the original target of 4.1 percent.

“Widespread flooding, now impact not just on agriculture, but also activity in the manufacturing industry. Conditions that would substantially burden the possibility of economic growth in the fourth quarter,” the report BoT.

BoT assistant governor Paiboon Kittisrikangwan even extremely pessimistic about the current condition of Th ailand. According to him, Th ailand GDP projections could be lowered again if flooding in the country worsened. In addition to cut economic growth this year, the BoT also revised its infl ation in 2011 to 3.8 percent, down from the original target of 3.9 percent, while the benchmark rate was maintained at 3.5 percent position.

Flash floods in Thailand worsened due to the high intensity rainfall in the upstream. Besides damaging rice fields, flooding is now starting to reach the capital city of Th ailand, Bangkok. In fact, the second largest airport in Bangkok, Dong Muang, has been submerged. As a result, domestic flights disrupted. The accident has caused the food crisis, disrupting economic activity and create a sluggish domestic consumption.

The worst floods in the past decade has been soaking the thousands of factories that make the activity in the manufacturing industry was paralyzed. As a result, nearly half a million citizens of Thailand for a while does not work.

Japan Bids

Responding to this situation, the Japanese government issued an announcement that permit employees of Japanese companies in Th ailand to work at Sakura. Currently, there are 12 Japanese companies in Thailand who temporarily stop production activities. Th ailand flash floods in disrupt the supply chain has a component of the entire country into another country. The Japanese top leaders could not hide his concern over plight of Thailand.

Because the giant automakers Toyota and Honda also hit by the flooding so the impact on domestic income. The Japanese government worried about the ongoing economic recovery can be sunk back with a flood after the recent yen continues to strengthen.

“The Japanese government will accept the Thai workers who work for Japanese companies and companies also will ensure they return to Thailand when the floods subside,” said Japan’s Chief Cabinet Secretary Osamu Fujimura.

Fujimura added, workers will receive permission to stay in Japan for six months. The decision was reserved for 30 companies from Japan to total workers in the thousands of people. Granting the permit on the basis of the request a number of Japanese companies are now offset a decline in production in Thailand through increased domestic production.

“Damage caused by floods to affect the supply chain creates a serious impact not only for Japan’s economy, but also economic activity in all members of ASEAN (Association of Southeast Asian Nations),” Fujimura said. uci/AFP/Rtr/E-10

By the time he arrived on the Grand Prix scene as a 15 year-old Marco Simoncelli already had a wealth of experience and titles behind him, and his entry into the World Championship arena in 2002 was the start of a career marked by success, ambition, determination, some controversy and plenty of admiration as he progressed through the classes to become one of MotoGP’s most recognisable stars by the time of his tragic death on October 23rd 2011.

Growing up in Coriano, some 10km from the Misano World Circuit, Simoncelli spent his youth racing on the Italian east coast and was a frontrunner in the Italian Minimoto Championship from 1996 to 2000 – a competition he won on more than one occasion.

Stepping onto 125cc machinery after his exploits in minibikes Simoncelli was quick to adapt, riding in the Italian National Championship in 2001 and then taking the European 125cc title the following season. It was in 2002 that he made his World Championship debut, riding six rounds of the 125cc campaign before a first full season the next year.

2004 saw the then 17 year-old take his first GP victory – which was also his first podium result and his first start from pole position – when he won at a rain-soaked Jerez on his way to 11th overall in the standings. Simoncelli’s final season in the category in 2005 produced six podiums in total, including another win at Jerez, as he ended the year fifth overall taking further steps forward.

Moving up to the 250cc category for 2006 it took two seasons for Simoncelli to settle in and find his feet, and when he did so it was in stunning style. 2008 did not start in the most encouraging manner as Simoncelli failed to score points in the opening two rounds, but in Round 3 at Estoril he qualified on pole for the first time in 250s and finished the race in second – his first podium in the class. From there, Simoncelli’s season took off in a phenomenal fashion. He took his first 250cc win in his home GP at Mugello, the sixth round of the campaign, and only finished outside the top three on one more occasion on his way to the title. Winning six races and stepping onto the podium a total of 12 times in 2008, Simoncelli was the first Gilera rider to win the 250cc title and became the first man to take the intermediate crown after not scoring points in the first two rounds since Dieter Braun in 1973.

Speculation linked the charismatic new 250cc World Champion with a move up to the MotoGP class but Simoncelli opted to stay and defend his title. He again displayed his fearless riding style as he engaged in a series of great battles, taking the title fight to the final round in Valencia where he eventually lost out to Hiroshi Aoyama. Simoncelli finished the campaign in third, having won six races, and was by now ready to make the step up to the top level.

Pre-season testing for the 2010 campaign was something of a baptism of fire for Simoncelli, who was shaken by a big crash at the second Sepang Test. He was back on the bike for the final Qatar outing however, and then finished his first MotoGP race at the same Losail circuit one month later in 11th place. Simoncelli gained in confidence as his rookie season went on, steadily improving his qualification and race results and ending 2010 with a strong run of notable displays which included fourth in the penultimate round at Estoril, where he was unlucky to miss out on a podium spot.

With a full season’s experience behind him his second year in MotoGP saw Simoncelli get off to a flying start, as he immediately set about converting the promise shown towards the end of 2010 into results in 2011. After a top-five finish in the first round in Qatar, he then crashed out of the Jerez race when leading in only the second race of the campaign. Next time out Simoncelli secured his first second-row start, in Portugal, and a first premier class pole position came shortly after in Catalunya as the excitement surrounding the daring Italian continued to grow.

Another pole followed at Assen but Simoncelli was unable to seal that elusive podium spot that seemed an almost certainty every time he took to the track, something he finally managed at Brno where he took third position in the Czech GP to great acclaim.

Fantastic rides continued to flow as he finished fourth for three races in a row at Misano, Aragón and Motegi, the last of which saw Simoncelli prevail in a toe-to-toe race-long battle with age-old rival Andrea Dovizioso. Just two weeks later at Phillip Island Simoncelli again held off his compatriot in an epic fight to take second place, his best-ever MotoGP result.

Qualifying on the second row for the Malaysian GP Simoncelli was battling with Álvaro Bautista for fourth position in the race when he crashed on lap two, sustaining the injuries which brought to an untimely end a rapidly evolving rider and individual who was hugely admired both on and off the track.

Marco Simoncelli’s World Championship career:

2002: 125cc World Championship – 33rd position on an Aprilia, 6 starts, 3 points

2003: 125cc World Championship – 21st position on an Aprilia, 15 starts, 31 points

2004: 125cc World Championship – 11th position on an Aprilia, 13 starts, 79 points, 1 win

2005: 125cc World Championship – 5th position on an Aprilia, 16 starts, 177 points, 1 win

2006: 250cc World Championship – 10th position on a Gilera, 16 starts, 92 points

2007: 250cc World Championship – 10th position on a Gilera, 17 starts, 97 points

2008: 250cc World Championship – 1st position on a Gilera, 16 starts, 281 points, 6 wins

2009: 250cc World Championship – 3rd position on a Gilera, 15 starts, 231 points, 6 wins

2010: MotoGP World Championship – 8th position on a Honda, 18 starts, 125 points

2011: MotoGP World Championship – 6th position on a Honda, 16 starts, 139 points

A huge gathering of fans, friends, family members and prominent figures from the world of sport attended the funeral service for the MotoGP rider who passed away on Sunday. The funeral was held at 3pm on Thursday at the Santa Maria Assunta church in Coriano, Simoncelli’s hometown, close to Riccione in the Italian province of Rimini.

The casket arrived at the Assunta church carried by friends and members of the Gresini team, and at 3pm the service commenced. Simoncelli’s Gilera bike, on which he won the 2008 250cc World Championship title, and the Honda RC212V, on which he competed in the MotoGP class were displayed on either side of his casket.

The ceremony was broadcast on a large video screen outside of the church, as well as on an additional large screen installed at the nearby Misano circuit, so that those outside of the church and at the circuit could witness the ceremony. Prior to the service the screens ran footage of the 24 year-old at his charismatic best in the paddock.

Alongside Marco’s father Paolo, mother Rosella, sister Martina and girlfriend Kate, in attendance were current and former fellow riders including Valentino Rossi, Giacomo Agostini, Alex Criville, Simone Corsi, Yuki Takahashi, Raffaele de Rosa, Chaz Davies, Mattia Pasini, Manuel Poggiali, Jorge Lorenzo, Andrea Dovizioso, Randy de Puniet, Loris Capirossi, Toni Elias, Hiroshi Aoyama and Alex de Angelis.

Also present at the services were FIM president Vito Ippolito and CEO of Dorna Sports, Carmelo Ezpeleta, who commented on the services.

“What I experienced this afternoon in Coriano was very moving. After seeing the turnout of citizens, fans and the whole paddock there is no doubt that a great rider and a brilliant person has left us. The outpouring of affection that has been shown demonstrates that he has left his mark.”

“I was impressed by the courage of Marco’s family, and especially the strength of his father, Paolo, who was able to transmit his strength and energy to others.”

“It has been extraordinary to see the MotoGP family come together for Marco Simoncelli. Despite the unfortunate loss, the tribute makes clear the immense affection that people had for him. We will never forget Marco.”