สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 21 กันยายน 2555
FDI in retail and aviation sectors set to become a reality now
The government on Thursday evening braved intense political opposition and a nationwide bandh to notify the rules for allowing foreign retailers such as Walmart and Carrefour to set up stores in India.
The government also notified the relaxed conditions for single-brand retail as well as the norms for allowing 49% investment by foreign airlines in Indian carriers and permitting greater foreign investment in some sections of the broadcasting sector, sending out a clear message that it will not be cowed down by protests and effectively severing its relations with Trinamool Congress.
(Sources: Economic Times, Worldnews, Indiatimes, NDTV, Moneycontrol)
FDI in retail: India Inc hails government's decision
Hailing the Centre's decision to implement FDI in multi-brand retail, the industry today said this will give a strong message to investors that the government means business and stands firm on its initiatives. Industry body Assocham complimented the government on its firm decision on economic reforms.
(Sources: Economic Times, Business Today, Business Standard, Hindustan Times)
Companies can't acquire SC, ST land: Supreme Court
In a significant ruling, the Supreme Court today said that the land belonging to scheduled castes or tribes cannot be bought by non-dalits, including companies as such transactions are unconstitutional.
(Sources: Economic Times, Indian Express, Financial Express, Worldnews)
Honda Motor aims to nearly double car sales in four years: CEO Takanobu Ito
Honda Motor Co aims to nearly double its global car sales to at least 6 million vehicles in four years, its chief executive officer said on Friday as the Japanese automaker tries to expand in emerging markets.
The Fit, or Jazz, subcompact car and its series, as well as the small car Brio will be at the core of the company's product lineup so that Honda can reach its sales target in the year ending March 2017, CEO Takanobu Ito said.
(Sources: Reuters, Economic Times, Worldnews, i4u, the Hindu)
Top six Indian cities to see 50,000 new hotel rooms in 6 years: Report
The top six Indian cities including the Capital, Mumbai and Bengaluru, are expected to see a total of 50,000 hotel rooms additions across categories in the next five to six years, according to a report. Chennai, Hyderabad and Kolkata are the other three cities that will see new hotel rooms being added during the time period.
(Sources: Economic Times, Livemint, Times of India, Indiatimes, Hindu Business Line)
Government clears 9 road projects worth $ 2.14 bn
The government today said it has cleared nine road projects costing about $ 2.14 billion from four states including Maharashtra and Bihar.
The road projects totalling 1,226.11 km were cleared by the Empowered Committee (EC) under the Scheme for Financial Support to Public Private Partnership (PPPs) in Infrastructure (viability gap funding scheme). The other two states which will benefit from the approval are Andhra Pradesh and Uttar Pradesh.
(Sources: Economic Times, Worldnews, Indiatimes, i4u, Moneycontrol)
Retail major Future Group acquires Big Apple for $ 11.32 mn
Retail major Future Group today said it will acquire Express Retail Services Pvt Ltd, which runs Big Apple stores, for $ 11.32 million.
ERSPL is engaged in retailing of groceries and food products through general convenience store under the brand 'Big Apple' in the National Capital Region for the last six years.
(Sources: Economic Times, Hindu Business Line, Financial Express, Worldnews)
Royal Thai Embassy