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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
India Increase Bank Reserves To Curb Inflation
by Stewart DouglasThe Indian Central Bank has today announced measures designed to curb inflation in one of the world’s fastest growing economies.
India has experienced exceptional economic growth over the last few years, prompting fears amongst analysts that inflation may continue to get out of hand and devalue the rupee.
The central bank has increased the cash reserve ration [...]
Japan Sees Output Recovery
by Stewart DouglasIndustrial output in the Japanese economy has seen a rare increase in June, according to a survey released today by the Ministry of Economy, Trade and Industry.
The survey shows an increase in output from Japanese industry over the month of June, whilst casting predictions as to the near future growth of Japanese industry.
Over [...]
China Steps In To Regulate Pollution
by Stewart DouglasThe Chinese government environment department has taken action today against what it sees as the major commercial contributors to pollution nationwide.
The agency has created what is being referred to as a ‘blacklist’ of thirty of the worst offenders across the country, with sanctions being imposed for those ‘named and shamed’.
After China’s recent rapid economic growth, [...]
Indian Prime Minister in support of giving more autonomy to PSUs
by Vipin AgnihotriWorried over time spent by heads of public sector companies in ‘boundary management’, Indian Prime Minister Manmohan Singh has asked the government to become more transparent in terms of regulation. According to Manmohan Singh, privatisation need not be the only alternative to improve the efficiency of public sector enterprises.
I completely agree with Mr Manmohan [...]
Indian mobile services to cross $25bn by 2011: Gartner
by Vipin AgnihotriIf the survey of global consultancy and research firm Gartner are to be believed, revenue of Indian cellular operators is all set to grow at a compound annual growth rate (CAGR) of 18.4 percent to reach $25.617 billion in 2011 from $8.95 billion in 2006. According to experts, India will continue to be the fastest [...]
Wednesday, July 18, 2007Exclusive: Godrej Properties to start residential projects in Bangalore
by Vipin AgnihotriGodrej Properties, the real estate arm of the Godrej group, has come up with two projects worth Rs 850 crore in Bangalore. Godrej Properties Bangalore entry is through Godrej Woods man Estate, a 2.3 million square feet residential project being built in phases. The project is located on 15 acres about 1 km from Hebbal [...]
Indian government eases IDR norms to attract foreign listings
by Vipin AgnihotriGood new for foreign companies, from now on they will have much simpler access to Indian capital markets. In an effort to lure foreign companies to list on Indian bourses, Indian government has relaxed the rules that allow them to issue shares in the form of Indian Depository Receipts (IDR).
In terms of statistic, the [...]
India, Indonesia to boost trade ties
by Vipin AgnihotriIf media reports are to be believed, trade between India and Indonesia is expected to hit a historic high of $10 billion by 2010. But for that to happen both India and Indonesia have to work as a cohesive team and increase the existing cooperation. It has come into the notice that plenty of Indian [...]
Tuesday, July 17, 2007Exclusive: Cement industry in India going through a golden era
by Vipin AgnihotriEven the hot Indian summer isn’t hampering construction activities in India and consequently the consumption of cement continues unbated. As demand for the commodity moves in tandem with the increasing capacities, cement giants in India are gobbling up smaller players to seize a larger proportion of the market. Hence, expansion is on, and so is [...]
Indian economy seen growing at 9 percent in 2007-08
by Vipin AgnihotriIf the Indian Prime Minister’s Economic Advisory Council is taken into account, country’s inflation rate would be contained within 4 percent and the economy would grow at 9 percent. But for that to happen, the economy’s managers will have to take few hard decisions such as minimizing the inflow of external debt and more importantly [...]
China bans US food product
by Vipin AgnihotriChina’s quality watchdog, Shanxi Entry-Exit Inspection and Quarantine Bureau has claimed seizing adulterated protein powder imported from a US company Jarrow Formulas Inc.
The Bureau found that protein powder was exceeding Chinese food safety standards in terms of Selenium percentage. Theoretically speaking, Selenium is quite an integral part of life and it can turn out [...]
Reserve Bank of India may retain interest rates, raise CRR
by Vipin AgnihotriThe Reserve Bank of India (RBI) is all set to keep key interest rates unchanged in its quarterly review of credit policy on July 31, but there are some speculations in the Indian media that RBI may enhance the need for banks to keep cash with it to absorb excess liquidity in the system.
Point [...]
China`s economy all set to become world no. 3
by Vipin AgnihotriChina is all set to overtake Germany as the world’s third largest economy by the end of this year. It is worth mentioning in this regard that China’s sizzling economy expanded even quicker than originally thought by the government last year. As a matter of fact, Chinese government has to revise last year growth domestic [...]
CII expects Indian economy to expand at slower rate this fiscal
by Vipin AgnihotriIf the Confederation of Indian Industry (CII) is to be believed, India will see an economic growth of 9.2 per cent in this fiscal year, which is only marginally down from 9.4 per cent last year with the services sector and industry ruling the roost.
According to CII, the agriculture sector will clock a moderate 3 [...]
Indian IT companies looking for low cost destinations
by Vipin AgnihotriFew years back, IT companies in United States and Europe viewed India as a ‘low cost’ destination in terms of technology, services and manpower. But things have changed, now it’s the turn of Indian IT companies to start looking at low-cost destinations such as Malaysia and Philippines to cope with the pressure of increased salaries. [...]
Indian garment exports likely to witness zero growth this year
by Vipin AgnihotriThe sudden appreciation of the Indian rupee in a period of one month has wiped away the garment export margins. At present, Indian garment export industry works on thin margin levels of 7 to 10 per cent. Because of appreciation of the Indian rupee, the payment for orders already fulfilled is affected.
If experts are to be [...]
Chinese automakers still far away from attaining global standard
by Vipin AgnihotriNo doubt, Chinese automakers have made brilliant advances but structural barriers block the way to a globally competitive level. Quality consciousness has increased among Chinese manufacturers and consumers alike, thanks to the influx of multinational automakers and fierce competition but still China’s auto industry is confronted with a quality challenge. In my opinion, there is [...]
Hyundai Motor all set to start its commercial vehicle business in India
by Vipin AgnihotriKorean automotive giant Hyundai Motor is all set to begin its commercial vehicle business in India. According to sources, company has already started talking with Eicher group regarding a stake in Eicher Motors. Theoretically speaking, Eicher Motor’s is India’s third biggest commercial vehicle maker.
Not so long ago, DaimlerChrysler and Volvo has also shown keen interest [...]
India’s dream to make Indian airports an international aviation centre need more work
by Vipin AgnihotriIndia’s dream to make Indian airports an international aviation centre may have to wait a bit longer. According to recent survey, India’s airport charges are the second highest among Asian and Gulf airports, after Hong Kong, which is a top-notch airport.
It is worth mentioning in this regard that international flights pay 33 per cent more [...]
China’s forex rises to $1.33 trillion
by Vipin AgnihotriIn just one year, China’s foreign exchange reserves have increased by 41.6% reaching $1.33 trillion by last month end. In terms of statistic, a total of $266.3 billion have been added to the reserves in the first half of this year, which is $144bn more as compared to 2006.
In my opinion, a large-scale forex reserve [...]