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US Government keen to develop Connectivity between India and its Neighbours to Boost Economies, says US Ambassador to India Richard Verma

The US government is exploring ways to build better linkage with India especially the resource-rich northeastern region

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North-east area of India, Wikimedia

Agartala, Dec 3, 2016: The US government is keen to develop connectivity between India and its neighbours in the Bay of Bengal region and its adjoining areas to boost economies, US Ambassador to India Richard Verma said here on Saturday.

“During my visit to the northeastern states, I have discussed with the governments of the region about connectivities, trade, economy and commerce, energy-related issues,” said Verma, who has since Monday visited five of the eight northeastern states – Assam, Meghalaya, Manipur, Nagaland and Tripura, and met Chief Ministers and other stakeholders to discuss various economic and bilateral issues.

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Talking to reporters here, he said that the northeastern region of India has huge resources and potentiality and these must be utilised for the economic development of the region.

“A two-day connectivity summit would be held in Kolkata on December 14-15. We have invited all the northeastern states of India and few other neighbouring countries to participate in the event to boost the connectivity, trade and economy,” he added.

“The US government is exploring ways to build better linkage with India especially the resource-rich northeastern region through trade, education, infrastructure or innovation. Currently, over 500 US companies are working in India and we are keen to work more with India in diverse sectors.”

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Before returning to New Delhi, he visited a 726 MW power project commissioned by state-owned Oil and Natural Gas Corporation (ONGC) at Palatana in southern Tripura, 65 km south of here.

“The US-based General Electric Company has supplied the turbines for the power project,” he said, adding that the US is keen to collaborate more with India in science and technological sector.

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In Tripura, the US envoy visited famous Tripura Sundari temple and the state museum besides India-Bangladesh border at Akhaura and witnessed the beating the retreat ceremony jointly conducted by the Border Security Force (BSF) of India and Boder Guards Bangladesh.

Verma is accompanied by the US Consul General in Kolkata and other officials.

An US Consulate media official said that this visit was part of the ambassador familiarisation tour through northeast India and during this trip, he underscored several key aspects of the strong US-India partnership. (IANS)

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Ways to Make Money in the Stock Market

Adopt a suitable trading strategy to earn more money in the stock market

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Stock Market
Know about how to make profit in the stock market. Pixabay

Individuals who want to earn money in the stock market have plenty of choices to make. In addition to picking and choosing specific securities to trade, they first need to select a general trading strategy. Too many enthusiastic people jump into the market without a plan of attack, which can mean financial suicide.

The smart thing is to decide on an approach that makes sense for your level of risk tolerance, your financial resources and the amount of time you can give to the pursuit. Day traders, for example, often make the market their career, devoting every weekday morning and afternoon to the pursuit of profit. For the grand majority of us, however, other methods make more sense.

Peruse the list below and decide which one is the best fit for your personality, budget and schedule:

Long-Term Trading

Whether you have a little or a lot of money to invest, the long-term strategy can be a good fit for anyone. More than half of all people who buy and sell stocks online fall into this category. The beauty of working this way is that you can choose stocks that move slowly and build value over the long-haul. As long as you are patient and not worried about making a kill, this approach makes sense. Those who have self-directed retirement accounts often spend just a few hours each year re-balancing their portfolios. The drop shares that haven’t moved at all, add one or two new companies to the mix and leave it at that, until next year’s readjustment.

Stock market
In order to make more money in the stock market, individuals need to adopt a suitable trading strategy. Pixabay

Day Trading

If you have a strong stomach, at least $25,000 to put into a brokerage account and a lot of time on your hands, day trading could be your calling. Be ready for a few months of training, many sessions on a simulated platform and about a year of ramping up to full-time activity. Day traders usually hold no positions overnight but take their profits by scalping small price changes on large buys. If XYZ company, for example, is selling for $89.50 per share and suddenly goes up to $89.60, a day trader might buy 100 shares if the market indicates that the price will continue to rise to $90. That would mean a profit of $40 in the span of a few minutes, but 100 shares would cost close to $9,000.

Specializing in One or Two Securities

It’s becoming more common to specialize in just one or two companies. A big advantage to this style is the knowledge that comes with specialization. If you decide to only buy and sell shares of Microsoft and Walmart, for example, you’ll be pretty adept at spotting price changes before they occur.

Also Read- Traders Protest Government Collusion with Amazon, Flipkart: Report

Profiting from Precious Metal Stocks

Even people who are not keen on Wall Street in general often trade stocks based on the precious metals. This group includes companies that operate in the mining industry, which is a sector unto itself. Additionally, metals enthusiasts can buy and sell exchange traded funds (ETFs) that hold massive amounts of bullion. Silver and gold traders have been using ETFs and mining stocks to play the market for decades.