สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 15 มกราคม 2555
FDI in retail would promote instability: Nobel laureate Joseph Stiglitz
Nobel laureate American economist Joseph Stiglitz today said that FDI in multi-brand retail in India would promote instability due to exploitative and corrupt practices adopted by MNCs to monopolise the retail markets in any country.
"India must take into account a prospect of instability before allowing FDI in multi-brand retail," he said while delivering a lecture on "Redefining Capitalism" here in Patna, Bihar.
MNCs will bring in corruption and exploitation of labour force after setting up shops in India, he said. Stiglitz said it would bring exploitation of the labour force and promote corruption.
(Sources: Economic Times, Indiatimes, the Hindu, Moneycontrol, Daily India News)
Czech companies look to invest in Maharashtra
Despite global slowdown, Czech Republic is looking forward to invest in India for new locations for business and trade expansions.
The Czech companies are making investments in Pune and Aurangabad in Maharashtra.
The estimated investments in Maharashtra will be around 400 million euros in the next two years and over 100 million euros has been already invested in Pune and Aurangabad for auto transmissions and for manufacturing railway equipments.
EEPC India,a industry body focussing on engineering sector exports from India in association with Czech Republic has organised a India Engineering Sourcing Show 2013 in Mumbai from 14-16 March 2013. Over 100 Czech companies will be attending this meet.
(Sources: Business Standard, Hindu Business Line, i4u, Rediff, Zeenews, IBNLive)
New investment in clean energy fell 11% in 2012
Clean energy investment declined 11% in 2012, weighed down by regulatory uncertainty and policy changes in big markets such as the US, India, Spain and Italy. Sharply lower prices of solar and wind technology also provided downward pressure on investment volumes.
According to data by Bloomberg New Energy Finance, the overall global investment in 2012 was $268.7 billion, down from $302.3 billion in 2011.
India saw investments going down by 44%, reflecting the expiry of incentives for wind, and fewer project approvals for solar.
According to the data, the new investment was made up of five main parts. The largest of these was asset finance of utility scale renewable energy projects, such as wind farms, solar parks and biofuel plants. This totalled $ 148.6 billion, down from $ 180 billion in 2011.
(Sources: Bloomberg, the Guardian, Infraline, Business Standard, i4u, Rediff)
Indian economy sees encouraging turnaround signs: OECD
Indian and Chinese economies are seeing encouraging signs of turnaround, while the situation is improving in most of the developed world, Paris-based think tank OECD said today.
The latest assessment from the Organisation for Economic Cooperation and Development (OECD) comes at a time when there are indications of slowing growth in India and China -- two of the world' fastest growing economies.
OECD's Composite Leading Indicator (CLI) -- that indicates turning points in an economy -- inched up to 97.9 in November compared to 97.8 in October.
(Sources: Economic Times, Indiatimes, Times of India, Indian Express, Zeenews, i4u)
RBI may cut policy rates as WPI inflation eases
India’s wholesale-price or WPI inflation eased to a three-year low in December, boosting chances of a rate cut by the central bank.
Retail prices, however, rose for the fourth month in a row and will force the Reserve Bank of India (RBI) to keep a close watch on price pressures in the economy.
Wholesale-price inflation decelerated to 7.18% in December from 7.24% in the preceding month, while retail inflation increased to 10.56% in December from 9.9% a month earlier.
The so-called core inflation, or non-food manufacturing inflation that is keenly watched by RBI, plummeted to a 33-month low to 4.19% in December, close to the central bank’s comfort level of 4%.
(Sources: Economic Times, Indiatimes, Reuters India, Indian Express, Livemint, India Everyday)
India plans to develop a forecasting model for energy demand and supply
India plans to develop a forecasting model for energy demand and supply that will help in policy decisions. The model, on the lines of UK's Energy Calculator 2050, will be available to industry and researchers.
Planning Commission is creating this energy model because the country has separate ministries and departments for different types of energy such as coal, power, petroleum, nuclear and renewable. It will also guide Indian negotiators in taking stand at international forums, especially on the climate change.
Bangalore-based Center for Study of Science, Technology and Policy (CSTEP) is assisting Planning Commission in setting up the model. CSTEP's Chairman VS Arunachalam says that since GDP growth is dependent on energy supply, it is important to know how much energy India would need and how to meet the demand.
(Sources: Economic Times, Reuters India, Indian Express, Livemint, NDTV, Business Today)
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