สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 31 พฤษภาคม 2555
India set for sweeping protests at petrol price rise
Opposition parties planned a national strike on Thursday in protest against the steepest petrol price rise in the country's history, seeking to exploit popular anger with Prime Minister Manmohan Singh's embattled coalition government.
Protests, marches and road blocks were planned across the country. The strike could reduce public transport and hit government offices, colleges, firms and industrial plants, but because it is not centrally organised its impact will differ from state to state.
(Source: Reuters India, Indiatimes, NDTV, Yahoo)
Coal blocks for infrastructure projects get GoM nod
In a major relief to Anil Ambani-led Reliance Power, Aditya Birla Group and Essar Power, a 12-member ministerial panel on coal on Wednesday recommended environmental clearance for two coal blocks linked to critical infrastructure projects being developed by the three major corporate houses.
Environmental clearance for the blocks had been hanging fire for two years, following the environment ministry’s controversial ‘no-go’ classification that had barred mining in heavily-forested areas.
(Source: Business Standard, Hindu Business Line, Moneycontrol, Indianews24)
Toyota looks at more small cars for India
Japanese auto giants Toyota and Suzuki are set to fight on Indian turf, with Toyota hinting at bringing multiple products in the small car segment to take on the might of market leader Maruti Suzuki India Ltd.
Toyota is working on developing six subcompact cars as part of its global strategy to increase volumes in emerging markets over the next four years. It aims to add to its portfolio of entry-level cars in the Indian market.
Toyota Kirloskar Motor (TKM) had announced an investment of $ 53.45 million in March and of another $ 160 million in July 2011 to increase capacity to 310,000 units in India in 2013.
(Source: Business Standard, Hindu Business Line, Rediff, i4u)
India Inc's business sentiment improves despite economic woes: Survey
Corporate India's confidence level have shown signs of improvement in the March quarter even as the domestic economy is witnessing high inflation and a likely slump in growth rate, says a survey.
According to the NCAER Worldwide Index of Business Confidence, the confidence of India Inc. increased by 7.7 % over the previous quarter to 134.9 points in March from 125.2 points in January 2012.
The survey measures business confidence on four indicators -- overall economic conditions, financial position of firms, investment climate and level of current capacity utilisation.
(Source: Economic Times, Business Standard, Worldnews, Moneycontrol)
Government to open 7 new quality control cells for foodgrains
In order to reduce damage of foodgrains, the government today said it will open seven new quality control cells in the 12th Five-Year Plan (2012-17) to monitor quality of foodgrains during procurement, storage and distribution.
At present, states do not have a very strong quality control mechanism. The proposed new quality control cells (QCC) will help state agencies to ensure good quality grains are procured, stored safely and distributed via ration shops, he said.
Currently, there are eight quality control cells in different cities with small laboratories attached to them for physical analysis of foodgrains.
(Source: Economic Times, Indiatimes, Hindu Business Line, Worldnews)
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