สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 10 มิถุนายน 2556
Gold to stay costlier in India
Gold is set to remain costlier in
(Source: The Financial Express)
Consumer sentiment may continue to fuel gold demand: Experts
Government's move to hike import duty on gold may do little to curb its demand and make it an even more sought after commodity in the near-term, pushing up the price of the precious metal, say industry experts. With spiralling gold imports putting huge pressure on the current account deficit, government last week hiked the import duty on the metal to 8 per cent, up by 2 per cent, in a bid to rein in demand. Almost all of
(Source: The Financial Express)
Rupee hits life-time low of 57.54 against US dollar
The rupee today plunged by 48 paise to hit its life-time low of Rs 57.54 in early trade on heavy dollar demand and the
(Source: The Financial Express)
Govt to take more measures to curb CAD: Rajan
Amid the widening current account deficit (CAD), Chief Economic Advisor Raghuram Rajan today reportedly told local television channels that the government will continue to take measures to curb the CAD. Rajan had earlier said that the government is also looking to raise FDI caps in various sectors, including defence. The CAD was at a record high of 6.7 % of gross domestic product in October-December 2012.
(Source: Business Standard)
Reliance Retail to take MNCs like Walmart, Carrefour head on
Reliance Retail has initiated a furious expansion drive with special emphasis on the wholesale cash-and-carry segment to take the battle to multinationals such as Walmart and Carrefour that have to build up their retail presence from scratch. The government last week issued some clarifications on the multi-brand retail FDI policy including foreign retailers' inability to acquire existing retail businesses and to make upfront and fresh investment of at least $50 million in back-end infrastructure, which will keep global supermarket titans from going the whole hog in India at least in the immediate future and restrict them to the cash-and-carry business where they are already present. Cash-and-carry business, too, is expected to grow into a huge opportunity. Industry experts estimate cash-and-carry in
(Source: The Economic Times)
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