ข่าวเศรษฐกิจประจำวันที่ 27 กันยายน 2554
NEW DELHI, September 27 – BUSINESS STANDARD – On 26 September, India and China have concluded their first round of their strategic economic dialogue in Beijing. The meeting was supervised by Planning Commission deputy chairman Montek Singh Ahluwalia and Chinese premier Wen Jiabao. The two sides have agreed to stay committed to deepening bilateral investment cooperation, further opening markets and improving the investment environment in both countries to lay a solid foundation for pragmatic cooperation between the businesses of the two countries on the basis of complementarities, mutual benefit and win-win outcomes. – BUSINESS STANDARD – While India and European Union Free Trade Agreement (FTA) is under process, a concerned auto component industry has started raising its voice against such agreements because they have adversely affected domestic manufacturers, dominated by small and medium enterprises (SMEs). The issue is that the FTAs should not have an inverted tariff structure effect. Most of the countries with which India has signed FTA provide lower tariffs due to which Indian manufacturers find difficulty in attracting business in comparison to these countries. – BUSINESS STANDARD – General Electric (GE) has decided to invest $200 million in Pune to build an integrated multi-product manufacturing facility. The facility will create 2,000 jobs and help to drive localisation of GE’s products. GE expects to grow its business by 20-30 per cent this year and aims to increase its energy business in the renewable energy segment to $250 million in 2012-13, from $100 million this year. – BUSINESS STANDARD – The Europe trip of the Empowered Committee of State Finance Ministers was planned to reveal the various differences on the proposed Goods and Services Tax (GST). Instead of fixed and uniform rates as suggested by the Union finance ministry, the states are convinced that a rate band should be adopted in India on the lines of Europe. – FINANCIAL EXPRESS – Indian tax authorities ask foreign companies to pay tax on an income higher than what they have shown initially. This is on the basis of the extra incomes which the authorities think have been made by these MNCs from their Indian operations. The extra income is also called ‘attributable income’. Since India's Double Taxation Avoidance Agreements (DTAAs) with other countries don't offset the tax on ‘attributable income’ paid by the MNCs in India, these companies have no option but to bear the burden. But talks are going on to free them up from this burden by providing credit to these companies in their home country for tax paid here in India. . – ECONOMIC TIMES – India topped the list in a survey of 323 international retailers as the most preferred new destination for global retailers who bet on emerging markets to offset worsening economic conditions in the developed world, done by property agents CB Richard Ellis. New Delhi ranked as the fourth most popular city for new retail entrants at city level.