สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 9 มีนาคม 2555
Mukesh Ambani richest Indian on Forbes list; Mittal biggest loser
Mukesh Ambani retained the top spot among Indians on Forbes' annual list of the world's billionaires on Wednesday with a net worth of $22.3 billion.
Lakshmi Mittal was listed as the biggest loser, with Forbes saying Mittal lost $10.4 billion, falling to a net worth of $20.7 billion and out of the world's top 10 for the first time since 2004. Mittal was placed 21st on the list. The drop came after shares in his company ArcelorMittal, the world's largest steelmaker, fell due to surging costs and soft demand in Europe.
Billionaire brothers Shashi and Ravi Ruia, who control Essar Group, suffered the second largest loss this year, losing $8.8 billion on the year and placed 133 on the list with a net worth of $7 billion.
Azim Premji, chairman of Wipro, was ranked 41 with a net worth of $15.9 billion. Savitri Jindal, head of Jindal Steel and Power Ltd, was India's richest woman, 80th on the list with a net worth of $10.9 billion.
(Source: Reuters India, Forbes India, Economic Times, Times of India, NDTV)
India for mobility of skilled workers with US: Nirupama Rao
India is keen to work on a framework to increase the mobility of skilled workers with the US to tap the full potential of bilateral ties, Indian Ambassador to the US Nirupama Rao said, as she warned against "voices of protectionism" in America.
She said that as India continues on its path of inclusive social and economic development, mobilizing the immense creativity and energy of its people, US has been seen as an important partner in this journey.
In this context, she would like to work on a framework that would help increase the mobility of high skilled workers across the two countries.
Her remarks came amid US President Barack Obama's frequent tirade against outsourcing. He has said that US firms shipping jobs off shores should be denied tax breaks if manufacturing is to be brought back to America and employment is to be raised. Obama said all tax benefits should go to companies that produce jobs inside the country.
(Source: ZeeNews, Economic Times, Times of India, AsianAge, WorldCurrentNews)
Budget 2012: Fiscal incentives required to boost retail sector
Welcoming the increase in the foreign direct investment limit to 100% in the single brand retail trade, the retailers are looking forward to further liberalisation in the FDI policy for multi-brand retail trade. In the forthcoming Budget, the retail sector is expecting fiscal incentives that will enable the growth of this sector in a calibrated manner.
One of the most awaited expectations pertains to granting an industry status to the retail sector and promotes it through fiscal incentives. The key learning in this regard can be derived from the hotel industry which flourished significantly after an industry status was granted to it.
The organised retail sector has been primarily perceived to boom around big cities and metros. Opening of organised retail stores in areas other than Mumbai, Delhi, Kolkata, Chennai, Bengaluru and Hyderabad, will enhance the shopping spirits of the common man not dwelling in metros. However, to ensure that the benefits of organised retail percolate to other non-metro and rural areas, it is pertinent to provide tax benefits for opening up retail outlets in such locations.
(Source: Economic Times, Daily News & Analysis, Orissadiary.com, Dnaindia.com)
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