ข่าวเศรษฐกิจประจำวันที่ 19 สิงหาคม 2554
NEW DELHI, August 19 – BUSINESS STANDARD – The Federation of Indian Chambers of Commerce and Industry (FICCI) tried to convince States to have the GST tax reform implementation as soon as possible. According to the FICCI, if the GST tax reforms get implemented in India then it would make the Indian trade and industry more competitive, domestically as well as internationally and contribute significantly to the growth of the economy. - BUSINESS STANDARD – According to the Dun & Bradstreet (D&B) firm, which is an information provider firm, though India is going through a series of political and economical disturbances, in spite of that India in coming years would perform much better as an economy and would be able to stand firm on the people’s expectations. - BUSINESS STANDARD – Future Group, India’s largest retail chain, have decided to invest $9 billion in the next three years in order to expand its horizons and reach within the country. It would also like to explore new retail segments like sports, food and fashion and home furnishings in coming years. - BUSINESS STANDARD – Despite a fall in the sales of domestic vehicles this year, sales of tractor in the country has shown positive sign. Not just in the field of agriculture but its demand has increased in the non-agricultural sectors as well, especially in the infrastructure and construction sector. Farmers make use of their tractors in the rainy season for agricultural purposes but in off season they give it to the construction companies on lease. Hence, both the sectors are making use of the tractors. – ECONOMIC TIMES – This time Formula One Grand Prix, the world’s most popular motorsport event is going to happen in India. This event is being sponsored by the telecom giant Bharti Airtel. It will take place in the month of October in the new Budh International Circuit in Greater Noida which is a 3.19-mile track. FINANCIAL EXPRESS - The India-Oman Joint Investment Fund of worth $100 million has identified three projects in India for investment in the pharmaceuticals, financial companies and aviation services sectors. In terms of bilateral trade between both the countries it stands around $2.5 billion. Oman’s exports to India include oil, gas and fertilizers along with limestone, chrome and copper as well. – LIVEMINT - Honda Siel Cars India Ltd (HSCI) has recognized the urgency of reducing prices of its products in order to face strong competition rising head in the Indian automobile market. It has relaunched its Honda Jazz in much lower price range with better qualities and facilities just in order to attract more and more customers.
Submitted By:-
Priyesh Narain
Researcher
