สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 27 พฤษภาคม 2556
PM leaves for
Prime Minister Manmohan Singh left here today on a two-nation five-day visit to Japan and Thailand aiming to give a "new meaning" to India's 'Look East' policy and hoping it will contribute to peace, prosperity and stability in the Asia-Pacific.
Singh, who flew to
In his departure statement, Singh said he proposed to invigorate
"My visits to Japan and
(Sources: Indian Express, Economic Times, Indiatimes, Hindu Business Line)
With traders mounting pressure on the government to resume gold imports from
Gold trade between the two countries was suspended in the wake of finance ministry's suspicions that traders were bringing in cheaper gold from other Southeast Asian countries through Thailand to avoid steep import duties.
The Early Harvest Scheme (EHS) signed by
(Sources: Financial Express)
DGH rejects Cairn
Upstream oil and gas regulator Directorate General of Hydrocarbons (DGH) has rejected Cairn
The company currently holds the 3,111 sq km at the Barmer block (RJ-ON-90/1) where it has made 26 discoveries so far.
A DGH official told that the restoration of the block was denied as the production sharing contract (PSC) that Cairn India signed with the government did not permit the restoration of the acreage.
To date, Cairn
(Sources: Financial Express, Express
Import of cheap Chinese rubber goods hits local units: AIRIA
Huge imports of cheap rubber goods from
In a letter to the Department of Industrial Policy & Promotion under the Ministry of Commerce and Industry, AIRIA has said the duty on finished goods being imported from
With over 35,000 rubber products, it is difficult to prove dumping charges and most manufacturers being small, they do not have the resources to initiate anti-dumping proceedings according to law, said the association.
(Sources: Economic Times, Indiatimes, Indian Radios, Industries
Coal
The coal ministry has recommended Cabinet Committee on Economic Affairs (CCEA) to meet coal demands of 78,000 mw of power projects partly through imports since Coal
To meet its balance obligations for coal supplies, Coal
(Sources: Economic Times, Indiatimes, Infraline, Rediff News, i4u
Consumption of organic products on the rise: Assocham study
There has been a major shift towards organic products, especially fruit and vegetables in the metropolitan cities as about 62 % of metropolitans in the high-income-group bracket buy organic, an increase of 95 % in the last five years, according to Associated Chambers of Commerce and Industry of India (Assocham).
The survey 'Rising demand of Organic products in Metropolitan cities' is based on the response of 1,500 lead retailers selling non-organic and organic products. About 1,000 retailers cited that health and environment grounds are the main reasons for purchasing organic products by customer, the industry body stated in a press release.
Major metropolitan cities in which respondents were interviewed include Delhi-NCR,
(Sources: Business Standard, Economic Times, Indiatimes, News BCC)
Economic Section
Royal Thai Embassy