Indian Economy-News & Updates

[cirr]

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^^ Don't feed the ***-burnt trolls , haters gonna hate.
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India to spend Rs 250 crore for biodiversity capacity building

HYDERABAD: The Centre has earmarked Rs 250 crore to conserving biological diversity by strengthening the institutional mechanism and upgrading the human technical capabilities of the state and central organisations set up for this purpose, Prime Minister Dr Manmohan Singh said on Tuesday. He was here to inaugurate the conference of parties (COP) on biological diversity in India.

The other measures as elaborated by Singh to conserve and maintain ecological balance include tweaking the national rural employment guarantee scheme to create green jobs for rural households and allocating funds to developing countries to attain the bio diversity objectives.

Calling upon other parties and countries to work towards reviving biodiversity based livelihood options and adopt the Nagoya protocol, Singh said, "I would urge all the parties to formalise the Protocol because global action is imperative and cannot brook delay." India recently ratified the Nagoya Protocol - a treatise that is internationally binding on countries to work towards the conservation of biological diversity and related goals.

The first COP in India hosted in Hyderabad met to discuss issues pertaining to conserving the flora and fauna and to arrive at a consensus on how to achieve the biodiversity targets set globally by the United Nations.

The three week-long conference is being attended by more than 5,000 delegates from over 185 countries.

India to spend Rs 250 crore for biodiversity capacity building - The Economic Times

This is peanut comparing with what China has spent on just planting trees the last few years and how much China is gonna spend on planting just trees in the next few years。

Check it out for yourself。

Talking about a frog sitting in a well。

There are many frogs sitting in many wells in India。

 

[Yeti]

This is peanut comparing with what China has spent on just planting trees the last few years and how much China is gonna spend on planting just trees in the next few years。

Check it out for yourself。

Talking about a frog sitting in a well。

There are many frogs sitting in many wells in India。

That is not all the money we spend on planting trees/biodiversity in India you do know that?

 

[cirr]

India's is an economy that's growing at 5.5% with 8% inflation。

China's is an economy that's growing at 8 % with 2% inflation。

India's is a so-called consumption driven economy that‘s supposed to be less dependent on external conditions，yet it has been blaming the US slowdown and euro debt crisis for its anemic growth since God knows when。

China’s is a so-called export-driven economy that's supposed to be much dependent on external conditions，yet it is growing despite domestic policies such as lottery for car registrations（1 in 20 odd in Beijing for example）and ban on buying 2nd propertyetc。

The former is doing rather badly and won't recover much when the externals improve。

The latter is doing not too bad and will recover strongly when the externals change for the better。

That's 2 divergent stories unfolding under our eyes and within our senses。

 

[Yeti]

India's is an economy that's growing at 5.5% with 8% inflation。

China's is an economy that's growing at 8 % with 2% inflation。

India's is a so-called consumption driven economy that‘s supposed to be less dependent on external conditions，yet it has been blaming the US slowdown and euro debt crisis for its anemic growth since God knows when。

China’s is a so-called export-driven economy that's supposed to be much dependent on external conditions，yet it is growing despite domestic policies such as lottery for car registrations（1 in 20 odd in Beijing for example）and ban on buying 2nd propertyetc。

The former is doing rather badly and won't recover much when the externals improve。

The latter is doing not too bad and will recover strongly when the externals change for the better。

That's 2 divergent stories unfolding under our eyes and within our senses。

Stop trolling this thread is nothing to do with China

 

[Yeti]

India top investment destination for global funds: Bank of America- Merrill Lynch survey - The Times of India

MUMBAI: Thanks mainly to the 22% gain in the benchmark index in the Indian market this year, India has again emerged as a favourite Asian investment destination among fund managers globally. This rise in status for India came after nearly two and half years, the global fund managers' survey by Bank of America Merrill Lynch showed.

"Interestingly, India became the most favourite market since April 2010 (coinciding with 22% year-to-date rally in Indian equities). Similarly, investors are the most optimistic on Thailand in more than four years after a 22% rally in Thailand equities since the start of 2012," the report by BofA-ML, based on the survey, noted.

It was also seen that fund managers in the Asia Pacific region were chasing returns. This is also one of the reasons that India has also emerged as one of the top destinations to look for strong returns over the next 12 months. On the other hand, investors have been reducing their allocations to China and Australia, the survey showed.



Globally as a whole, however, the outlook is not so good. The survey found that the global 'buy' sign has ended, and investors have turned cautious. "So while fund managers raised their equity and commodity allocations in October, the mood in the room was hardly euphoric," the report noted. "EM investors may not yet be convinced that China is out of the woods (and thus continue to avoid the pro-growth cyclical trades), but they have definitely warmed up to financials. Over the past 10 months, financials have swung from a massive underweight (-44% in January 2012), to the second highest sector weight (+33% in October 2012) for GEM-dedicated fund managers," the report added.

 

[SpArK]

Something somewhere was paid today...

Traders suspect the dollar buying was on behalf of a large aircraft components manufacturer, and also cite oil-related greenback demand.

Rupee off highs on suspected defence demand - Reuters

 

[Splurgenxs]

How does one have enough liquidity, when there is inflation ? Rising inflation means decreasing purchase power !

actually engineered "liquidity" or "quantitative easing" causes inflation but the dumbass is saying tht inflation causes liquidity...what a retard.

i bet he read it someplace and blurted it out without an understanding ...typical nob.

Indian inflation is due to consumption trends and he automatically pulls a liquidity phenomenon in Indian economy out of his ***. China is know fr blind stimulus operations not india.

If we have increasing in our crr and interests rates y the fk would we increase liquidity?.*face palm*

 

[IndoCarib]

Indian IT to meet $300 billion target by 2020

BANGALORE: Infosys Executive Co-Chairman Kris Gopalakrishna said IT industry should create new products and revenue streams to achieve the $300 billion revenue target by 2020.

"We must always set an aspirational target so that we stretch ourselves. We should think outside the box and look at new ways of doing things," he told reporters here at BangaloreIT.biz 2012.

Infosys: Indian IT to meet $300 billion target by 2020 - The Times of India

 

[R0H1T]

Indian IT to meet $300 billion target by 2020

BANGALORE: Infosys Executive Co-Chairman Kris Gopalakrishna said IT industry should create new products and revenue streams to achieve the $300 billion revenue target by 2020.

"We must always set an aspirational target so that we stretch ourselves. We should think outside the box and look at new ways of doing things," he told reporters here at BangaloreIT.biz 2012.

Infosys: Indian IT to meet $300 billion target by 2020 - The Times of India

Shouldn't this be export figure ? We hit the $50 billion export mark a few yrs back in this field so I'd say that the stat mentioned above should be for revenue earned overseas not the total industry turnover !

 

[IndoCarib]

Shouldn't this be export figure ? We hit the $50 billion export mark a few yrs back in this field so I'd say that the stat mentioned above should be for revenue earned overseas not the total industry turnover !

This must be the total turnover of the industry, not the export figure. This year Indian IT-BPO industry-aggregate revenues crossed the 100 billion milestone, exports at 69 billion. I am not sure if we can touch 300 billion in exports by 2020

 

[Bobby]

India's is an economy that's growing at 5.5% with 8% inflation。

China's is an economy that's growing at 8 % with 2% inflation。

India's is a so-called consumption driven economy that‘s supposed to be less dependent on external conditions，yet it has been blaming the US slowdown and euro debt crisis for its anemic growth since God knows when。

China’s is a so-called export-driven economy that's supposed to be much dependent on external conditions，yet it is growing despite domestic policies such as lottery for car registrations（1 in 20 odd in Beijing for example）and ban on buying 2nd propertyetc。

The former is doing rather badly and won't recover much when the externals improve。

The latter is doing not too bad and will recover strongly when the externals change for the better。

That's 2 divergent stories unfolding under our eyes and within our senses。

First go get those 2 islands from Japan....

 

[shuttler]

Kingfisher Air extends grounding of flights
Wed Oct 17, 2012

reuters


The Directorate General of Civil Aviation (DGCA) rejected Kingfisher Airlines' (KING.NS) proposed winter schedule on Wednesday, at the same time the beleaguered carrier said it will keep flights grounded for longer than previously expected.

Kingfisher is already reeling from $1.4 billion of debt and scrambling for funds after defaulting on payments to banks, airports and tax authorities.

A Kingfisher spokesman did not immediately respond to a request for comments.

The airline last week said its planes, grounded since the start of the month after an employee protest turned violent, would not fly until October 20. It has never made money since its founding in 2005.

The ailing airline is seven months behind in salary payments. The protests started last month when a group of engineers refused to certify the airworthiness of planes.

Chief Executive Sanjay Aggarwal said a Wednesday meeting with employees had made progress and there would be another meeting in the next few days.

"At this point of time, it definitely looks like we will have to extend the restart of the operations," he told reporters.

Aggarwal did not specify when he expected flights to resume.

"The talks are positive. We will have to meet again... Our primary agenda is our seven month salary," said a Kingfisher engineer who attended the meeting but declined to be identified.

Separately, the DGCA did not approve Kingfisher's proposed winter schedule of Kingfisher's flights. The company had 2,930 departures per week last year in its winter schedule, which starts this year on October 28.

Earlier this month the DGCA sent a "show-cause" notice to Kingfisher asking why its licence to fly should not be cancelled after failing to provide a "safe, efficient and reliable service".

Kingfisher was given 15 days to reply, but sources have said that the regulator is open to give it more time to come up with a response.

First go get those 2 islands from Japan....

2 islands?

there are more than 2 islands that we are going to get from the japanese!

 

[shuttler]

More gloomy news for car sales, adverse factors making buyers defer purchases
A concern for the industry is slowing demand in rural areas has hit the demand for two-wheelers, which had grown 15% last financial year

business-standard.com

BS Reporter / New Delhi Oct 11, 2012

The Society of Indian Automobile Manufacturers (Siam) today lowered growth projection for automobile sales in the domestic market for the second time in four months, as high fuel prices, interest rates and slowing economic growth continued to make buyers defer vehicle purchases.

Passenger car sales in the domestic market are projected to grow a meagre one-three per cent in this financial year, the slowest the industry has recorded in over three years. S Sandilya, president, Siam, said, “Inflation is not under control, and the cost of vehicle ownership is high. Economic growth is also not encouraging, which is putting pressure on sales in the automobile industry.” Car sales had grown their slowest by 0.2 per cent during the global financial meltdown in 2008-09.

Overall passenger vehicle sales (which includes cars and utility vehicles) are projected to grow 8-10 per cent this financial year (the earlier estimate made in July for the year was 11-13 per cent). Growth is expected to be driven by strong demand for diesel-driven utility vehicles, more economical to run than petrol-powered ones.

Another concern for the industry is slowing demand in rural areas has hit the demand for two-wheelers, which had grown 15 per cent last year. According to the latest projections, two-wheelers are likely to grow five-seven per cent than the earlier estimate of 11-13 per cent. Growth in the auto industry as a whole will moderate to five-seven per cent from the earlier forecast of 11-13 per cent.

The latest set of numbers coming in has raised questions over the industry’s target to achieve a turnover of $145 billion by 2016, as had been outlined in the Automotive Mission Plan (AMP). Sandilya added, “We are likely to miss the AMP target by 20-25 per cent. We have approached the government to extend the programme by 10 years, till 2026.”

The revisions come amid auto sales plunging for the second time, by 9.43 per cent to 1.42 million units last month. The rate of fall is the steepest since December 2008, when sales had declined 18.25 per cent.

While passenger car sales declined 5.4 per cent in September, the motorcycle segment dipped 18.9 per cent. Though market leader Maruti Suzuki managed to grow sales 12.7 per cent to 88,801 units last month, others like Hyundai Motor, Tata Motors, Ford India, General Motors and Toyota Kirloskar reported a drop in wholesale volumes during the month.

In the motorcycle segment, too, Hero MotoCorp’s sales plummeted a whopping 26 per cent to 393,852 units during the month.

 

[kkacer]

India inflation hits 10-month high!


October 16, 2012

India's inflation accelerated to a 10-month high, hitting 7.81 per cent in September, data Monday showed, diminishing chances of an interest rate cut to jumpstart a sharply weaker economy.

The September figure was a blow to business leaders who have pressed India's hawkish central bank to cut rates to boost growth which has slowed dramatically.

This is a disappointing number.

India inflation hits 10-month high as rate cut hopes fade

The government revised July inflation up to 7.5 percent, from its earlier estimate of 6.9 percent.

revised July inflation up too, see?

The number released Monday is worse than expected

 

[kkacer]

More gloomy news for India's car sales, adverse factors making buyers defer purchases

The revisions come amid auto sales plunging for the second time, by 9.43 per cent to 1.42 million units last month. The rate of fall is the steepest since December 2008, when sales had declined 18.25 per cent.

thanks. We just tell the truth. But Indians can't accept the reality