สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 23 พฤษภาคม 2556
Besides the highway, the interest of Indian companies to participate in the construction of the Dawei port in Myanmar, which is being developed with the help of Thailand, signing of a cluster of MoUs as well as the conclusion of talks on a Free Trade Agreement (FTA) this year will top Prime Minister Manmohan Singh’s agenda when the Thai counterpart Yingluck Shinawatra in Bangkok on May 30-31.
The Indian embassy in
The MoUs will be on information technology, space, extradition and money laundering. Also on the agenda is
Bilateral trade has touched $9.4 billion and over 70 major Indian companies have invested in
(Sources: Financial Express)
Steps to boost foreign investment coming soon
In a big new round of reforms, the government is likely to announce a slew of measures to boost foreign fund flows into
The new measures will likely make it easier for foreign institutional investors (FIIs) to invest in
The move is aimed at attracting more dollars into
(Sources:
Crisis in coal could drag growth to pits
With coal demand rising by over 10% annually and domestic supplies rising just 3-4%,
Rising coal import is not good news for state electricity boards (SEBs) either, the majority of which are in financial mess and resorting to load shedding rather than buy costly electricity. States like
(Sources: Financial Express, Express
Imports in the last fiscal year covered about 40 % of
(Sources: Economic Times, Indiatimes, Reuters
Economy turning around; GDP to exceed 6%: PM Manmohan Singh
Indicating that the worst may be over for the Indian economy, Prime Minister Manmohan Singh today said economic situation is turning around with inflation coming under control and the GDP growth likely to exceed 6 % in the current fiscal.
Speaking on the fourth anniversary celebrations of UPA-II government, Singh said 8 % growth rate was possible if the Congress-led coalition is voted to power again next year.
Attributing the decline in economic growth--estimated to be 5 % in 2012-13-- to global phenomenon, he said the "slowdown is temporary". A 6 % growth in the current year will set the stage for returning to 8 per cent growth in the current Five Year Plan period ending March 31, 2017.
Stating that agricultural growth was critical for rural prosperity, the Prime Minister said the government was targeting 4 % growth in the sector and is attempting to increase foodgrain production as well as diversifying agriculture.
(Sources: Economic Times, Indiatimes, Daily News, & Analysis, Deccan
RIL to invest $ 540 million in
Reliance Jio Infocom Ltd, a subsidiary of Reliance Industries Ltd (RIL), plans to invest $ 540 million to set up telecom infrastructure in
It plans to lay 5,500km of optical fibre and set up 3,200 telecom towers across
The company has an agreement with Anil Ambani-led Reliance Communications Ltd to use 1,500km of optical fibre in the state. It has permission to plant another 1,000km more and is in discussions for approvals in the remaining area and nearly 50% of the planned cable in the state will be laid in Kolkata Jhunjhunwala said.
(Sources: Economic Times, Indiatimes, Livemint, Hindu Business Line, Zeenews)
Economic Section
Royal Thai Embassy