On 26 Sep 2007 , within minutes after trading began, the India’s Sensitive Index rose above the 17,000 mark on continued buying by overseas funds and hit a record.

Following is the time line of sensex rise in Indian stock market history.

1000, July 25, 1990
2000, January 15, 1992
3000, February 29, 1992
4000, March 30, 1992
5000, October 8, 1999
6000, February 11, 2000
7000, June 20, 2005
8000, September 8, 2005
9000, November 28, 2005
10,000, February 6, 2006
11,000, March 21, 2006
12,000, April 20, 2006
13,000, October 30, 2006
14,000, December 5, 2006
15,000, July 6, 2007
16,000, September 19, 2007
17,000, September 26, 2007

The Reserve Bank of India has increased the cap on overseas investment by Indian mutual funds by 25 percent to US$5 billion (euro3.5 billion) and allowed local companies to invest up to 400 % of net worth abroad as against 300 % previously.

Also, Reserve Bank doubled the amount that individuals can send abroad each year to US$200,000 (euro142,000).

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To promote indian business CII and the Indian government are spending over $10 million in New York.

Infosys co-chairman Nandan Nilekani is in New York, for India @ 60 the week-long celebration.

Thousands of high-skilled foreign legal immigrant workers marched in Washington D.C. on Sep 18 2007 .The protesters—engineers, doctors, MBA graduates, software developers, computer programmers, and the like—called US Government for a doubling of the number of green cards allotted each year to stay in the country permanently.

High-skilled professionals cannot wait forever for permanent residency. Without green cards, many will have to leave the U.S. because temporary work visas have limits. Unfortunately, the loss will be to US, as US already faces a reverse brain drain.

Researchers from Harvard, Duke and New York universities recently reported that over one million highly-skilled workers are stuck in the green card backlog, with waits of 6-8 years.

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