สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 15 ตุลาคม 2555
September inflation rose to 7.9% versus 7.55%: ET Now Poll
The Wholesale Price Index (WPI) for the month of September likely rose to 7.9% versus 7.55% in August, according to an ET Now Poll. The consensus estimates of the poll range from 7.14% to 8.2%.
The primary article inflation is expected to have risen marginally to 10.1% versus 10.08%. Fuel and power inflation will also see a rise to levels of 9.06% versus 8.32%, the poll estimates.
While manufacturing products inflation is likely to come in at 6.9% versus 6.14%, core inflation may remain above 5.5%. Manufactured products inflation will be impacted by interplay of Rupee, indirect impact of high diesel prices and commodity prices.
(Sources: Reuters India, Economic Times, Indiatimes, the Hindu, NDTV)
West Bengal lacks ecosystem to attract investors: Ronen Sen
Former Indian ambassador to the US Ronen Sen on Saturday said West Bengal had failed to create an ecosystem to attract investors, despite its locational advantage. Sen was speaking at an interactive session on the public-private partnership, which was organised by Assocham in association with The Economic Times and The Calcutta Stock Exchange.
Commenting on India's PPP model, Sen said there should be a transparency and predictability in the policy matter.
(Sources: Economic Times, Indiatimes, Hindu Business Line, Zeenews, NDTV)
Demand for tractors to touch 860,000 units by 2015: Assocham
Domestic demand for tractors may touch 860,000 units by 2015, thanks to increased money supply in the rural system which in turn has increased farmer's liquidity, a study has said.
At present, the demand for tractors is about 500,000 units in the country, Assocham said in the study.
The study said among the regions which witnessed high sales of tractors, North India has the highest percentage of 55 per cent, followed by western states 24 %, southern states 15 % and Eastern India about 6 %.
(Sources: Economic Times, Indiatimes, Indian Express, Press Trust of India, NDTV)
FIPB to consider 50 FDI proposals this week
About 50 FDI proposals including those of L&T and Mahindra Group will come up for consideration at the FIPB meeting to be held here on Friday amid renewed efforts by the government to attract private investments.
"The 182nd Meeting of the Foreign Investment Promotion Board (FIPB) is scheduled to be held on October 19, 2012," the Finance Ministry communication said.
The meeting will be headed by Economic Affairs Secretary Arvind Mayaram.
Recently, the government liberalised its FDI policy in the multi-brand retail and aviation sectors.
Also, the government would be seeking Parliament's approval to hike foreign investment ceiling in the insurance sector to 49 %, up from 26 %.
(Sources: Business Standard, Indian Express, Wall Street Journal, Moneycontrol)
Dunkin' Donuts to enter Mumbai, Bangalore in six months
Jubilant FoodWorks, which has the master franchise for Dunkin' Donuts outlets in the country, has said it will enter the Mumbai and Bangalore markets within next six months.
The Jubilant Bhartia Group company also has the exclusive franchise for Domino's Pizza for the country and also in Nepal, Bangladesh and Sri Lanka.
Currently, it has three stores in the national capital and has plans to launch 100 outlets over the next five years.
(Sources: Business Standard, NDV, Hindustan Times, NDTV, IBNLive, Zeenews)
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