สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 18 มิถุนายน 2556
FDI caps in different sectors could be revisited: Finance Minister
Foreign investment limits in different sectors where ceilings are not serving their intended purpose will be revisited, Finance Minister P Chidambaram yesterday said at a meeting the Parliamentary Consultative Committee of the Ministry of Finance.
Chidambaram said the major reason for
Economic growth rate slipped to a decade low of 5 % in 2012-13 and FDI inflows during the last fiscal declined by 38 % to USD 22.42 billion in 2012-13.
Chidambaram said that despite recession in major economies,
(Source: Economic Times,
AirAsia India appoints TCS' S Ramadorai as Chairman
AirAsia on Monday said that the company has appointed Tata Group veteran, S.Ramadorai as the chairman of its
Ramadorai is the fourth person from the Tata group to hold a position in the airline joint venture after Ratan Tata as chief advisor, and R Venkataraman (former executive assistant to Ratan Tata) and Bharat Vasani (chief legal counsel of the Tata Group), who are directors on the board.
AirAsia
(Source: Economic Times, Indiatimes, Livemint, Times of
Elevated food prices putting pressure on inflation: RBI
Expressing concerns over price situation, the RBI today said expensive food items like cereals and vegetables has continued to put pressure on overall inflation rate.
"Still elevated food inflation, particularly in respect of cereals and vegetables, sustained upside pressures on overall inflation," RBI Governor D Subbarao said in mid-quarter review of the monetary policy.
Given that food inflation remains high, the inflation outlook will be influenced by concerted efforts to break food inflation persistence, he said.
The policy review noted that retail inflation, as measured by the new combined (rural and urban) CPI, edged down from an average of 10.2 % last fiscal year to 9.3 % in May.
Headline wholesale price index (WPI) inflation eased for three months in succession with the May reading at 4.7 %, down from an average of 7.4 % in 2012-13, it said.
(Source: Hindu Business Line, Economic Times, Indiatimes, Indian Express, Business World)
India Inc disappointed over RBI decision not to cut key rates
Expressing disappointment over RBI's decision to keep key rates unchanged, India Inc today said the time was appropriate for cut in interest rates to revive the country's economic growth.
The industry said it hoped RBI would not wait for the next quarterly review on July 30 to intervene and would do so earlier, if required.
The industry urged the central bank to consider a rate even before the next monetary policy review on July 30.
The repo rate at which the RBI lends to the system has been retained at 7.25 %, while the cash reserve ratio will continue to be 4 per cent.
(Source: Economic Times, Indiatimes, Indian Express, Press Trust of
Trade deficit widens to seven-month high in May as gold imports surge
A near-90% jump in annual gold imports was the chief reason for the trade deficit rising to $20.1 billion, from $16.9 billion in May last year. The country's merchandise exports fell 1.1% to $24.5 billion, despite a depreciating rupee, as global demand remained weak and the government banned gold trading in Special Economic Zones (SEZs). Imports climbed 6.99% to $44.64 billion.
The demand for gold has remained high for a long time and rose sharply in April-May despite measures by the government to curb consumption as part of efforts to keep the current account deficit under control. The import duty on gold was recently hiked to 8%, from 6%.
(Source: Reuters
Italian tractor major to invest $ 190 million in India
New Holland Fiat
The company would take its tractor capacity to 60,000 units at the Greater Noida plant in Uttar Pradesh with a cumulative investment of $ 40 million. Currently it churns our 40,000 tractors per year. Besides, a $ 95 million plant will come up at Chakan in
New
(Source: Economic Times, Indiatimes)
Economic Section
Royal Thai Embassy