NEW DELHI, November 22 – BUSINESS STANDARD – Even as the euro zone crisis has gripped all its 27 member-countries, India-EU free trade agreement (FTA) is on in “full steam” and in the final stages of “give-and-take”. Both sides recently concluded technical negotiations on trade in services. India has demanded significant relaxation for the movement of its workers and professionals in services, which would entail liberalisation in EU’s Schengen visa regime. The EU wants to gain more access into Indian markets, whereas, India is looking at the EU as an important destination for its information technology professionals, architects, engineers, teachers and chefs. – BUSINESS STANDARD – The proposal before the government to allow foreign direct investment (FDI) in the multi-brand retail sector has stirred political opinion. The Congress, leading partner in the ruling United Progressive Alliance, is itself not sure how much it backs the move. While one section is for going ahead, there are those like Congress Working Committee is vehemently opposed. The Bharatiya Janata Party (BJP) is opposed to FDI in the multibrand retail sector in principle and would be opposing the government on this in the coming session of Parliament. – LIVEMINT – According to the research and advisory firm Gartner Inc. forecast Information Technology (IT) spending in India is projected to rise by 9.1% to $79.8 billion in 2012 as enterprises invest more in IT systems despite global economic challenges. Gartner predicted that worldwide IT spending will touch $3.7 trillion in 2011, with emerging economies accounting for $1.01 trillion. IT is transitioning from being viewed as a back-office support function to a frontline business-focused function with around 350 companies worldwide investing more than $1 billion this year in IT to drive business growth. – FINANCIAL EXPRESS – Foreign Direct Investment in India surged by 41 per cent to USD 22.5 billion during the January-September period this year, notwithstanding uncertain global economic environment. During January-September 201O, the country had attracted Foreign Direct Investment (FDI) worth USD 15.97 billion. Experts maintained that the government should further streamline policies and make the environment more conducive to FDI. The sectors that attracted maximum FDI during the nine-month period include services (financial and non- financial), telecom, housing and real estate, and construction and power. Mauritius, Singapore, the US, the UK, the Netherlands, Japan, Germany and the UAE are the major investors in India. The FDI inflows totalled USD 19.42 billion in 2010-11 financial year, down from USD 25.83 billion in 2009-10.
Submitted By:-
Priyesh Narain
Researcher
สำหรับรายละเอียดของข่าวข้างต้น โปรดติดต่ิอนาย Priyesh Narain ที่ This email address is being protected from spambots. You need JavaScript enabled to view it.