December 2015 Issue – NOL Deal Cements CMA CGM’s World Status

Inequality, unfair and corrupt practices in Public Services. Non concern, even after reporting to higher authorities but for further harassment and humiliation to the core. Even the senior citizen with multi-organ defects over ageing are not spared. What is preached is never followed. Hence, how do sincere, honest people work as Social and Rights Activist, but for Gandhian ideals of PEACE and NON VIOLENCE keep digesting ” Not seen, Not heard and no say of the happenings “. With the result, high inequality in public services of citizen’s interest, by ll-conceived local police.

One potent criticism of the Indian growth story is that it has not generated corresponding improvements in social indicators. The new global ranking of countries based on their human development index (HDI) was released by the United Nations Development Programme on Monday. India has moved up six notches from 2009 to 2014. The data also shows that most of the current Indian ranking can be explained by the level of average income. The difference between India’s gross national per capita income rank and HDI rank is four. In other words, India is just four places below what its average income predicts. But then, Bangladesh has an HDI ranking five places above its income ranking. Sri Lanka’s HDI ranking is 29 places above its income ranking. This means that economic growth is still the best bet for improving living conditions-but that is not the whole story. HDI, as it is defined today, involves three parameters that directly increase human capabilities-a long and healthy life, knowledge, and a decent standard of living. The new Human Development Report (HDR) explores in detail one fundamental factor which increases or decreases human capability-work.

French container shipping giant CMA CGM is to buy Singapore’s Neptune Orient Lines for $2.4 billion, making its biggest-ever acquisition to help it to ride out a severe market downturn.

The takeover, which the companies expect to proceed in mid-2016 following anti-trust approvals, would cement family-owned CMA CGM’s spot as the world’s third-largest container shipping line by handing it market leadership on busy trans-Pacific routes.

The acquisition of state-controlled Neptune crowns a recovery for CMA CGM and its founding Saade family, which suffered deep financial troubles in the 2009 shipping slump that led it to bring in minority investors from outside the group.

The acquisition of state-controlled Neptune crowns a recovery for CMA CGM and its founding Saade family, which suffered deep financial troubles in the 2009 shipping slump that led it to bring in minority investors from outside the group.