สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 25 มิถุนายน 2556
Seafood exports touch an-all-time-high
However, in dollar terms the total value at $3512 million showed only a marginal growth of 0.1 %. The poor growth in dollar terms is due to a sharp decline in the unit value of the marine products. The exports did not fetch high prices it did in the previous year,'' said Leena Nair, chairman of Marine Products Export Development Authority (MPEDA).
MPEDA has set a target of $4.3 billion export for the current year. Though its achievement will depend on several international issues, the fall in rupee value and the onset of a disease in shrimp farms in
(Source: Economic Times, Indiatimes, Times of
Cairn
Cairn
"We have planned for a net capital investment of USD 3 billion in a three year period from FY2014 to FY2016. We are focused on realising the full potential of our world-class Rajasthan assets through a combination of aggressive exploration and fast-track development," he said in the company's annual report.
Cairn will raise crude oil production from Rajasthan fields by as much as 23 % to 215,000 barrels per day by March 2014.
"The Rajasthan block's current production is at around 175,000 bpd. We expect to exit FY-2014 with a production in the range of 200,000-215,000 bpd," he said.
(Source: Economic Times, Indiatimes, Worldnews, News Hour 24)
Coal output needs to be ramped up to rein in imports: PMEAC
With coal import bill doubling to nearly USD 18 billion in 2012-13, the Prime Minister's Economic Advisory Council (PMEAC) today said domestic production of the dry fuel should be increased to lower reliance on imports.
"In the recent period we have seen that the coal import into the country has increased almost by 40 percent. It almost touched USD 18 billion, which is twice the value of the import a few years ago," PMEAC Chairman C Rangarajan said.
"Therefore, increasing the domestic production of coal and making the coal available for the power sector must be the first priority," he added.
(Source: Economic Times, Indiatimes, Business
Growth rate may be more than 6 pc this fiscal: C Rangarajan
The country's economic growth rate is expected to be more than 6 per cent in this fiscal, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said.
"The growth rate in the current fiscal will be more than 6 %. We had originally projected the growth rate at 6.4 % ," Rangarajan told private news channel CNBC TV18 in an interview.
The growth rate in the last fiscal year is estimated at 5 %, which is a decade low number. The economy grew at 4.8 % in the fourth quarter of FY13.
The Reserve Bank has projected the economy to grow at 5.7 % in the current fiscal, while the Finance Ministry has forecast 6.1-6.7 5 growth.
On current account deficit (CAD), Rangarajan said would be around 4.7-4.8 % of the GDP.
(Source: Economic Times, Indiatimes, Hindu Business Line, PTI News)
Policy paralysis could numb 12th five year plan growth: Planning Commission study
A study commissioned by the Planning Commission to validate the growth estimates of the Twelfth Five-Year Plan has thrown up a rather depressing outlook for the economy, sending alarm bells ringing in the government.
An independent think tank, the National Council for Applied Economic Research (NCAER), has pegged average annual growth for the Twelfth Plan at a mere 4.8%, if the present logjam in policymaking continues.
The NCAER's assessment matches the sentiment among industry captains that the worst is yet to come. Last week, the Confederation of Indian Industry said the industrial slowdown has not bottomed out and sluggish private and government capital expenditure is hurting investment in industry and the economy.
(Source: Economic Times, Indiatimes, Daily
Prime Minister Manmohan Singh to meet key infra ministers on June 28 to set FY'14 target
Seeking to push investment to boost growth, Prime Minister Manmohan Singh has called a meeting of key infrastructure ministers on Friday to set up targets for the sector's projects.
The purpose of this meeting will be to discuss the targets to be achieved in infrastructure sectors for the year 2013-14 and finalise them, an official statement said. The Prime Minister had followed the same practice last year in which a meeting was held on the targets for 2012-13, which were then finalised and announced, it said.
This year also, the Planning Commission has done the preparatory work in finalising the targets for 2013-14. The June 28 high-level meeting will be attended by Ministers of Railways, Road Transport & Highways, Shipping, Civil Aviation, Power and Coal.
(Source: Economic Times, Indiatimes, the Hindu, Zeenews,
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