NEW DELHI, January 18 – BUSINESS STANDARD – India is likely to grow at eight per cent per annum between calendar years 2011 and 2013, said United Nations report released on Tuesday. The report, World Economic Situation and Prospects 2012, projected India’s growth at 7.6 per cent in 2011, 7.7 per cent in 2012 and 7.9 per cent in 2013. The report said double-dip recession in the US and Europe would have a bearing on economic activity across South Asia, as the two nations are key export markets and the main source of tourism revenues for South Asia. The slowing of economic growth in India from nine per cent in 2010 had weighed heavily on South Asia, expected to grow by 6.7 per cent in 2011 from 7.2 per cent in 2010, the report said. Exports to Europe and the US made up 30 per cent of India’s total. Exports have been sluggish lately with trade deficit widening to $133-billion during April-December. – BUSINESS STANDARD – A key group of ministers on Tuesday reached a consensus on allowing foreign airlines to buy up to 49 per cent stake in Indian carriers. Foreign carriers are not currently allowed to directly or indirectly make any investment in Indian carriers. The move is expected to open the doors to international carriers looking to leverage the large domestic network of Indian carriers. It could also provide a reprieve to airlines under financial strain and looking to raise funds. – BUSINESS STANDARD – The recent uncertainty over extension of the unique identification (UID) project led by Nandan Nilekani is set to be over soon, with a government mandate to cover the whole country. The Unique Identification Authority of India (UIDAI) was created in January 2009 and has been mandated to register 200 million people for providing a unique identification number, the ‘Aadhar’, by March 2012. The authority is set to cross the target by the end of this month, with a million enrolments every day. It has already allotted 116.3 million Aadhar numbers. UIDAI can’t go beyond the 200-million numbers until it gets permission from the government. In the backdrop of questions raised by the home ministry, finance ministry and the Commission over various issues, including security of data, funding, functioning and duplication of work with the National Population Register (NPR) project, the UIDAI is looking for a clear direction from the government to continue its work. – BUSINESS STANDARD – Gold and silver are set to cost more, with the government on Tuesday increasing the import and excise duties on these two precious metals. The new duty structure would be based on value, not a fixed rate. The new rates (on ad valorem basis) — two per cent on 10 gm gold and six per cent on one kg silver — mean that importers will have to pay double the duty. Similarly, excise duty has been hiked to 1.5 per cent per 10 gm for gold and four per cent per kg for silver. Diamonds, too, will now attract an import duty of two per cent.
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.