Intellectual Thoughts by Sanjay Panda !!!!!


Sunday, October 29, 2017

The MOST powerful passport in the world......



Singapore has been named as the country with the most powerful passport in the world in a new report. The 2017 Global Passport Power Rank, produced by advisory firm Arton Capital, put Singapore at the top of its list.

It ranked all of the passports of the world by their "total visa-free score," where a point is given for each country that their holders can visit without a visa, with a visa on arrival, or using electronic travel authorization ( eTA).

Prior to Paraguay's decision to remove visa restrictions, Singapore shared the number one spot on the Index with Germany, which has a passport score of 158 closely followed by Sweden and South Korea at 157.


This is the first time an Asian country has had the most powerful passport in the world, according to Arton Capital.
Meanwhile, the US passport has fallen in favor ( Score of 154)  since  President Donald Trump took office, the Passport Index statement said, noting that Turkey and the Central African Republic were the most recent countries to revoke visa-free status to US passport holders.

The index  developed  considering Passports of 193 United Nations member countries and six territories -- ROC Taiwan, Macao (SAR China), Hong Kong (SAR China), Kosovo, Palestinian Territory and the Vatican.  Territories annexed to other countries are excluded.


Here are the top 10 passports of this world:


1     1 Singapore  :  159
2     2 Germany : 158
3     3 Sweden and South Korea :157
4     4 Denmark,FInland,Italy,France,Spain,UK, Norway Japan :156
5     5 Luxembourg,Switzerland,Netherlands,Belgium,Austria,Portugal :155
6     6 Malaysia,Ireland, USA,Canada : 154
7     7 Greece, New Zealand, Australia :153
8     8 Malta, Czechia, Iceland :152
9     9 Hungry  :150
1     10 Slovenia, Slovakia,Poland,Lithuania,Latvia :149


India  improved  score to 51 and ranked 74. 
India ranked 74


Least Favored (Country rank &  scores)

            199  Afghanistan :  22
            197 Pakistan and Iraq : 26
       

Thursday, April 20, 2017

FMC Corporation Announces Acquisition of Significant Portion of DuPont’s Crop Protection Business; Simultaneous Sale of Health and Nutrition to DuPont


FMC Corporation (NYSE: FMC) and DuPont (NYSE: DD)  announced the signing of a definitive agreement for FMC to acquire the portion of DuPont's Crop Protection business it must divest to comply with the European Commission ruling related to its merger with The Dow Chemical Company.  Additionally, DuPont will acquire FMC Health and Nutrition and receive $1.2 billion in cash.  FMC will acquire DuPont's global chewing pest insecticide portfolio, its global cereal broadleaf herbicides, and a substantial portion of DuPont's global crop protection R&D capabilities.  In 2017, FMC expects this acquired business will generate approximately $1.5 billion in revenue and $475 million of EBITDA.


After closing of the acquisition, FMC Agricultural Solutions will become the fifth largest crop protection chemical company in the world by revenue, with estimated annual revenue of approximately $3.8 billion. 


The Crop Protection Business Being Acquired


The acquired portion of DuPont's crop protection business includes an industry-leading selective insecticide portfolio consisting of Rynaxypyr®, Cyazypyr® and Indoxacarb.  The first two of these products have full patent protection over their respective active ingredients, and FMC expects these products will generate over $1 billion in 2017 revenue.  These selective insecticides are highly complementary to FMC's existing broad spectrum insecticide portfolio. 


The acquired portfolio also includes DuPont's global cereal broadleaf herbicides, consisting of nine active ingredients and multiple formulated products.  This herbicide portfolio comes with strong, recognized brands and DuPont's proprietary PrecisionPac® technology.  These products bring significant diversification to FMC's crop exposure in herbicides, as well as increasing the balance of pre-emergent and post-emergent applications in FMC's portfolio.


The geographic spread of the revenue in this portfolio will result in a significant increase in FMC's presence in Asia and Europe.  Following the acquisition, FMC's crop protection revenue will be almost equally spread across all four major regions – North America, Latin America, Europe and Asia.


The underlying intellectual property related to the acquired products, including patents, registrations and data packages, will be transferred to FMC.  FMC will acquire a global manufacturing network to fully support these products, including four active ingredient manufacturing facilities and 10 regional formulation plants.


The acquisition will bring DuPont's world-class discovery and development organization, including its Delaware crop protection research headquarters, 14 regional development labs and related regulatory capabilities.  This organization includes a pipeline of 15 synthetic active ingredients currently in development, covering insecticides, herbicides and fungicides, and an extensive library of 1.8 million synthetic compounds.  The majority of DuPont's crop protection research workforce will transfer to FMC as part of this transaction.


FMC Health and Nutrition Divestiture


FMC Health and Nutrition will become part of DuPont's Nutrition & Health segment. 


"FMC Health and Nutrition is a highly profitable business with leading positions across the vast majority of its portfolio, deep applications knowledge and an extensive global network of laboratories and manufacturing facilities.  It is a very complementary fit with DuPont's current portfolio.  We are confident it will thrive under DuPont's leadership and will contribute to their successful Nutrition & Health business," said Brondeau.


Additional Information


The transaction is subject to the closing of the Dow and DuPont merger, as well as customary closing conditions and regulatory approvals.  Closing is expected to occur in the fourth quarter of 2017.  FMC expects this transaction to be immediately accretive to adjusted earnings per share, and will give updated guidance for 2017 at its earnings call scheduled for May 2, 2017.  


Dyal Co. LLC and Citi acted as financial advisors and Wachtell, Lipton, Rosen & Katz acted as legal counsel to FMC.  Citi provided financing advice and committed debt facilities.



source : FMC website

Tuesday, March 21, 2017

Dukhi (Unhappy) India drops further on World Happiness Index



India is among the world’s least happy nations, and became even less happy in the last year. India ranked at 122 out of 155 countries in the World Happiness Report 2017, four notches below its previous rank of 118.  
 India was behind the majority of South Asian nations, apart from war-ravaged Afghanistan, that stood at 141. Among the eight South Asia  nations, Pakistan was at 80th position, Nepal stood at 99, Bhutan at 97, Bangladesh at 110 while Sri Lanka was at 120. However, Maldives did not figure in the World Happiness Report.


After ranking fourth for the last two years, Norway emerged at the top, displacing three-time topper Denmark for the first time. Denmark dropped to second place, followed by Iceland, Switzerland, Finland, the Netherlands.

The bottom five countries on the list where people are the unhappiest are Burundi (154), Tanzania (153), Syria (152), Rwanda (151) and the Central African Republic (155).
Studying happiness may seem frivolous, but serious academics have long been calling for more testing about people’s emotional well-being, The entire top ten were wealthier developed nations. Yet money is not the only ingredient in the recipe for happiness, the report said.

In fact, among the wealthier countries the differences in happiness levels had a lot to do with “differences in mental health, physical health and personal relationships: the biggest single source of misery is mental illness. Income differences matter more in poorer countries, but even their mental illness is a major source of misery,”  the report said.

The happiness rankings are based on six factors: GDP per capita, healthy years of life expectancy, social support (as measured by having someone to count on in times of trouble), trust (as measured by a perceived absence of corruption in government and business), perceived freedom to make life decisions, and generosity (as measured by recent donations). 

The United States meanwhile slipped to the number 14 spot due to less social support and greater corruption; those very factors play into why Nordic countries fare better on this scale of smiles. China, making  major economic strides in recent years, but its people are not happier than 25 years ago, it found.