ข่าวเศรษฐกิจประจำวันที่ 29 ธันวาคม 2554
NEW DELHI, December 29 – BUSINESS STANDARD – India and Japan on Wednesday signed a dollar swap agreement of $15 billion, whose immediate effect would to strengthen this country in handling the tumbling rupee. Both the countries also agreed to take forward the talks on an Agreement for Cooperation in Peaceful Use of Nuclear Energy as well and to boost bilateral trade to $25 billion by 2014 from the present $15 billion. The currency swap would take place between the Reserve Bank of India and its counterpart in Tokyo, the Bank of Japan. The two central banks would give each other dollars to stabilize their currencies, in case of need. – BUSINESS STANDARD – Even as India and Japan on Wednesday agreed to resume talks on civilian nuclear cooperation to address India’s growing energy needs, the Japanese side made it clear the talks could move ahead only when India becomes a signatory to the Nuclear Non-Proliferation Treaty (NPT). This is not the first time that Japan has expressed concerns over India not being party to the NPT. So far, both the countries had two-three rounds of formal negotiations on cooperation in the peaceful use of nuclear energy. The negotiations for this were launched in June 2010. – ECONOMIC TIMES – Japanese Prime Minister Yoshihiko Noda called for greater economic relations between two of Asia's largest economies on Tuesday, after India's trade minister said bilateral commerce was on track to reach a relatively low $25 billion by 2014. India and Japan enjoy warm diplomatic ties, but at a paltry $15 billion, bilateral trade in 2010 was less than 5 percent of Japan's commerce with China. – ECONOMIC TIMES – According to the study conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM). The auto industry may continue to face tough times till the first quarter of 2012-13 as firms are expected to hike car prices by up to 10 per cent, resulting in reduced demand. The industry body suggested that automakers should revise their marketing strategies and launch diesel variants to tide over the tough times. – FINANCIAL EXPRESS –Aiming to strengthen foothold in the fast growing 2-wheeler market, TVS Motor Company today said it would launch automatic transmission scooters and motorcycles from 2013 with 20 per cent better fuel efficiency. The Chennai-based auto major showcased latest such engines for 110 cc scooter and a motorcycle, both likely to hit the market in the second half of 2013. – EXIM NEWS SERVICE – Owing to its increasing economic engagement with India, the Czech Republic has said it expects bilateral trade to touch $ 2 billion in 2012. Bilateral trade between the two countries stood at $ 885.20 million in 2010-11, with India’s exports to the European country totalling $ 208.42 million and its imports amounting to $ 676.78 million during the period. While the Czech Republic mainly exports auto components, machine tools, textiles, printing machinery and equipment for the energy sector to India, its imports from India include textiles, steel, chemicals, pharmaceuticals and electrical goods.