สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 10 พฤษภาคม 2556
Thailand to crack down on rerouting of gold to India
The objective of exercise is to see if the certificates were issued in line with all the prescribed conditions.
Rules of origin certificate is a document that certifies that the particular good being exported has been produced or substantially value added in a particular country.
(Sources: Economic Times, Indiatimes, Daily
Around 13 new global retailers entered the national capital last year, similar to
Mumbai bagged the second spot for the same period with 10 international retailers making a debut in the city.
While
(Sources: Hindustan Times,
Wholesale prices probably eased further in April
India's headline inflation is expected to have eased for a third straight month in April, as core inflation cooled and fuel costs fell, giving the Reserve Bank of India greater room to ease policy, according to a Reuters poll.
However, high food inflation will remain a concern for the RBI as it bids to spur growth and encourage investment - the government's top priority as it gears up for national elections due in early 2014.
Wholesale prices,
Closely watched core inflation, which strips out volatile food and fuel prices, probably slowed to 3.5 % in March, its slowest rate in more than three years, according to economists.
(Sources: Indian Express, NDTV, Business Times,
Car sales fall 10% in April
Car sales in
Automakers sold 150,789 cars in
Sales of motorcycles fell 2.1% in April to 843,889 vehicles,
(Sources: Business Standard, Wall Street Journal, NDTV, Moneycontrol)
March industrial output growth accelerates to 2.5%
Analysts polled by Reuters had expected output to grow 2% annually. The government revised the output growth for February to 0.5% from 0.6% earlier.
Manufacturing, which constitutes about 76% of industrial production, grew 3.2% from a year earlier, the Central Statistics Office said. Capital goods production, a barometer for investments in the economy, grew an annual 6.9% from a year earlier.
In the April-March period, industrial production expanded an annual 1%.
(Sources: Livemint, Business Standard, Financial Express, Indian Express, Business Times)
Power tariff hike should be last resort: Power Minister Jyotiraditya Scindia
Hike in electricity charges should be the last resort and states should instead focus on keeping a tab on transmission-related losses, including power theft, Power Minister Jyotiraditya Scindia has said.
Blaming high levels of Aggregate Technical & Commercial (AT&C) losses as a key reason for rise in tariffs, Scindia said there was a need for greater transparency and accountability on the part of distribution companies as well as the state governments to tackle the problem.
AT&C losses, that include losses incurred during electricity transmission and theft, are estimated at about 26.4 % on a national average.
Scindia said AT&C losses have come down significantly in the last 4-5 years from the levels of 32-33 %, but it still remains very high and need to be brought down to about 15 % on a state level.
(Sources: Economic Times, Indiatimes, the Statesman, NDTV, Infraline, Press Trust of
Economic Section
Royal Thai Embassy