Odisha emerges as most-favourite destination for foreign investors: ASSOCHAM
With over 27 % share in the total foreign direct investment (FDI) proposed in 2011-12, Odisha has emerged as the most favourite investment destination for overseas investors across India, industry body ASSOCHAM said on Monday.
Attracting FDI proposals worth about $ 6.1 billion, Andhra Pradesh ranked second with a share of about 19 % as about 70 proposals were filed by the foreign investors in the state. Though, barely 17 FDI proposals were filed in Odisha, the state garnered lion's share worth about $ 8.9 billion in the total FDI proposed across India, according to the ASSOCHAM analysis.
(Sources: Business Standard, Zeenews, Indian Express, Economic Times, Worldnews)
UP got FDI proposals worth $ 306 million in 2011-12; ranked 10th: Assocham
With less than even one per cent share in the total foreign direct investment (FDI) proposed in 2011-12, Uttar Pradesh has been ranked as the 10th favourite investment destination for overseas investors across India, apex industry body Assocham said today.
About 37 FDI proposals worth over $ 306 million were filed in Uttar Pradesh, a press release quoting a state-wise analysis of the proposed FDI and the number of FDI proposals filed in India during 2011-12 carried out by the Associated Chambers of Commerce and Industry of India (Assocham).
(Sources: Economic Times, Times of India, Business Standard, Indian Express)
Gold touches fresh high at $ 565.20
Scaling new peak, gold prices today touched all-time record of $ 565.20 per 10 grams in the bullion market here on strong cues from global markets.
In global markets, gold rose to a four-month high on speculation that central banks from the US to China will act to spur economic growth and investment holdings in the metal climbed to record, supporting its rally here.
(Sources: Economic Times, Hindu Business Line, Business World, Moneycontrol, Indiatimes)
Pulses, edible oil imports may rise on likely output dip: Government
The country may have to import more quantity of pulses and edible oils this year as sowing area under these crops in the current kharif season is less due to poor rain, the government said today.
On an average, the country has imported about 2.5-3-5 million tonnes of pulses and 8-9 million tonnes of edible oil in the last three year.
India imports pulses mainly from Myanmar, Australia and Canada, while edible oils are purchased from Indonesia, Malaysia, the US and Argentina.
Monsoon deficit is 14 % so far. Poor rains have affected sowing of almost all kharif crops and have led to increase in prices of some commodities.
(Sources: Economic Times, Hindu Business Line, Financial Express, IBNLive)
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