สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 15 กุมภาพันธ์ 2556
India ranks 14th on budget transparency: survey
The transparency in the Indian budgetary system has improved marginally and is ranked 14th among 100 countries, a survey has said.
According to the 'Open Budget Survey 2012' released today by the International Budget Partnership, India's open budget index (OBI) score improved from 67 in 2010 to 68 in 2012.
Its open budget index score of 68 out of 100 is much higher than the average score of 43 for all countries covered in the Global Open Budget Survey 2012, it said.
The survey is released every two years and India's OBI score during 2008 was 60.
India continues to occupy the same rank as in 2010. However, its score, which is based on various parameters largely relating to availability of budget information, is the highest in South Asia.
Finance Minister P Chidambaram is scheduled to present the Budget on February 28.
(Sources: Economic Times, Indiatimes, Business Standard, Hindustan Times, India Everyday)
Economy to grow at 6.1% in FY14: India Ratings
Economic growth may improve to 6.1 % in the next financial year, from the decade low of 5 % in 2012-13, on the back of reform measures announced after mid-September 2012, India Ratings said today.
The rating agency also expects aggregate state governments' fiscal deficit to go up to 2.4 % against the budget estimate of 2.1 %.
India Ratings expects slippage in aggregate fiscal deficit of states to be 0.3 % of the gross domestic product, from the budgeted fiscal deficit of 2.1 per cent in 2012-13.
The agency noted that both global and domestic headwinds pulled down India's economy growth to 6.2 % in 2011-12. However, economic reform measures announced by the government since mid-September 2012 have changed the sentiments.
Industrial growth performance in the next fiscal is expected to improve to 4.4 % from 3.1 % in the current fiscal.
(Sources: Economic Times, Indiatimes, Business Standard, i4u, Moneycontrol, India Everyday)
Inflation likely to ease to 6.5% by March end: PMEAC
Prime Minister's key economic advisor C Rangarajan today hoped that inflation will come down to 6.5 % by end-March and suggested that steps should be taken to release more food stocks to ease price pressure.
The wholesale price index-based (WPI) inflation eased to 6.62 % in January, from 7.18 % in December, 2012, as per official data released today.
Retail inflation, however, remained in double digits at 10.79 % in January mainly on account of higher prices of vegetables, edible oil, cereals and protein-based items.
Inflation in manufactured items category witnessed a decline and stood at 4.81 % in January, from 5.04 % in the previous month.
(Sources: Economic Times, Indiatimes, Business Standard, IBNLive, NDTV, i4u)
Odisha aims for 9% growth
The state’s economy is projected to grow at the rate of nine per cent during the 12th Plan (2012-17) keeping in sync with the government’s endeavour to achieve a sustainable and inclusive higher economic growth.
“The state’s 12th Five Year Plan envisages an average annual growth rate of nine per cent with a projected outlay of $ 23 billion. Sustained efforts have been made by the state government to allocate increasingly higher resources for planned development of the state,” Odisha Governor M C Bhandare said in his customary address to the assembly on the maiden day of the Budget session.
(Sources: Business Standard, i4u, Smart Investors, Zeenews, Daily India News, India Everyday)
GST panel to frame model GST law; 3 committees to address issues
State finance ministers on Thursday decided to prepare model legislation and set up three committees to sort out various issues for smooth roll-out of the Goods and Services Tax (GST).
The state finance ministers decided to set up panels to address issues such as Integrated GST (IGST) and VAT on imports. The committees would also consider dual control threshold and exemptions, and revenue neutral rate and place of supply rules, the Chairman of Empowered Committee of State Finance Ministers, Sushil Modi said.
(Sources: Economic Times, Indiatimes, Business Standard, Zeenews, i4u, Indian Express)
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