IIM Shillong Golf Cup Season 6 ends on a high note

SHILLONG: The flagship event of IIM Shillong - Golf Cup Season 6 ended on a high note on the evening of Sunday, October 6th, 2013. The event was organized by IIM Shillong in association with Meghalaya Tourism. The two day event comprised of the Corporate Golf Tournament and IIM Shillong's Annual Management Fest 'Khlur-Thma' which consisted of inter college competitions in different management domains. The Chief Guest for the award ceremony was Dr Mukul Sangma, Chief Minister, Government of Meghalaya.

The Golf Cup saw participation from more than 100 golf enthusiasts, including more than 40 corporate participants from corporations like DBS Bank, Deutsche Bank, Yen Capitals, and Hindustan Unilever among others.

The event also hosted the presence of top government officials including A.L. Hek, Minister of IT and Health and Family Welfare, Government of Meghalaya and Ashok Thakur, Secretary of Higher Education, Ministry of Human Resource Development.

US debt ceiling: What we wake up to on October 18

One cannot rule out the possibility of some sort of a technical default before a compromise is reached on debt ceiling, says Alastair Newton, Senior Political Analyst, Nomura - the one who predicted a red October as early as July.

While India has a total exposure of $59.3 billion to US Treasury Securities, China and Japan have it at $1.1 trillion each as of July 2013, as per the data available on the official website of the US Department of the Treasury.

But there's no worry on this front, for now. "I don't mean a default on the US Treasuries," explains Alastair Newton, "... but that we get across the October 17 deadline and the Treasury has to start being selective about which bills to pay."

Mexico urges US to reach deal on raising debt ceiling

MEXICO CITY: Mexico's finance minister urged the United States on Tuesday to reach an agreement on raising its debt ceiling, saying a failure to do so could seriously damage financial markets and the global economy.

"(This) has the potential to enormously affect financial markets and therefore not just the United States' economy but also the economies of the rest of the world," Finance Minister Luis Videgaray told Mexican radio.

"It's an event that could be so serious that I think we all trust that the lawmakers and the executive of the United States will find the means to reach an agreement," he added.