Indian Economy-News & Updates

[Chronos]

No one really opposed. Everyone wants a larger share of the pie. Karnataka's VAT system is probably the most sophisticated & best run in the whole country. Going into GST will pretty much be ceding control to the centre & then wait for your share to be given. They are still arguing about compensation for any potential revenue loss. That's about it. GST will pretty much change the country's GDP around, probably add 1-2%. We need it immediately. The BJP was wrong to oppose it when in opposition, Anyone now doing the same is still wrong.

so these states are apprehensive about ceding control of their revenue collection, or at least a chunk of it.

 

[Bang Galore]

so these states are apprehensive about ceding control of their revenue collection, or at least a chunk of it.

Among other things. Political gamesmanship and a worry of the unknown (As I said Karnataka's work on VAT is top class). Will settle down. There was a lot of opposition to VAT too. By TN especially. Then pressure from industries forced TN toswallow pride. GST is a real game changer.

 

[kurup]

also, does anyone have the GDP figures for Indian states in dollar terms?

Thank you in advance.

State Domestic Product of India 2014 | State-Wise GDP 2014 | District GDP of India | State-wise Population 2014 | VMW Analytic Services

 

[Chronos]

State Domestic Product of India 2014 | State-Wise GDP 2014 | District GDP of India | State-wise Population 2014 | VMW Analytic Services

long time no see

 

[kurup]

long time no see

xamz okke kaaranam busy ayi poy ...... kurach divasamayi pdf-l und ...... not active .... reading the missed threads in our section ....

 

[pursuit of happiness]

@all members

as GOI cleared FDI in railways...
how can we use it
1. What are 3 short term and long term prioritites ?
2. how can we switch more trafice from National highways to Railways.
3. how can we can go close to TGVs, chinese rail system ?( i know we cant match them near future)
4. how can we improve efficiency and defectiveness of Human resource in IR?
5. any learning experience from other countries for IR?

 

[IndoCarib]

India turnaround could see growth of 7.1% in 2016: Nomura Holdings - The Economic Times


"We were concerned about the Indian economy for last 2-3 years, but things have now started falling in place with macro economic scenario getting stable, intermediates industry seeing production growth and the gap between investment and consumption likely to go down,"

 

[Echo_419]

PM Narendra Modi to lay foundation for Rs 4,000 crore SEZ at Jawaharlal Nehru Port Trust

PM Narendra Modi to lay foundation for Rs 4,000 crore SEZ at Jawaharlal Nehru Port Trust - The Economic Times

Kamrup Chamber of Commerce wants withdrawal of Agriculture tax in Assam


Kamrup Chamber of Commerce wants withdrawal of Agriculture tax in Assam - The Economic Times

 

[cloud_9]

https://twitter.com/x/status/498997334681067522

 

[luckych]

India-focused hedge funds beat others in January-July

BL RESEARCH BUREAU:

If you had the money and the risk appetite, but didn’t invest in Indian hedge funds this year, you have missed out. India-focused hedge funds delivered a 23.7 per cent return in the first seven months of this year. This was largely made possible by a broad-based rally in Indian stocks that lifted the Sensex 22 per cent during the period. The returns decimated the 3.2 per cent rise in the MSCI World Index in January-July 2014.

Strategic focus
Consequently, Indian hedge funds with a long-short equity strategy should have been the top choice for hedge fund investors during the period, with a spectacular 31.5 per cent return, according to Eurekahedge, an independent financial data and research company focused on alternative investments. Multi-strategy funds also did well, but lagged the equity market with just 21 per cent returns to show at the end of July. Fixed income funds were a poor avenue to invest in, with returns of just 10.6 per cent.

The global hedge fund industry, as a whole, also lagged Indian hedge funds, with average returns of 2.8 per cent. Asia-focused funds too could not keep pace with Indian hedge funds, even as they outshone their global peers.

Global gains

While Asia ex-Japan funds delivered an average return of 3.7 per cent, Greater China funds underperformed with gains of just 2.6 per cent. Outperformers in 2013, Japan-focused hedge funds could only muster 0.9 per cent. And hedge funds targeting Australia and New Zealand only managed 7.7 per cent returns.

Meanwhile, North American hedge funds gained 3.7 per cent in the seven-month period and European funds 1 per cent. Hedge funds targeted at emerging markets saw a 4.1 per cent rise, while Latin American funds climbed 3.5 per cent. But funds targeted at Eastern Europe and Russia fell by 6.5 per cent amid geopolitical tensions in the region.

India-focused hedge funds beat others in January-July | Business Line

 

[luckych]

Honeywell plans to invest ₹1,400 crore in new campus

Technology major Honeywell plans to invest ₹1,400 crore to set up another campus in Bangalore.

The company said the new campus will be spread across 5,4 acres and has already placed the investment proposal before the State high level committee, according to company officials.

Further, the company, which set up business in India two decades ago, has invested around ₹1,600 crore till date in Bangalore. Globally, Honeywell has about 21,000 engineers, of which more than 5,000 are located in Bangalore, company officials said.

Honeywell has a global presence in 70 countries, serving customers worldwide with products and services across aerospace and defence, automation and control systems, performance materials and technologies and transportation systems, bulk of it developed out of Bangalore.

Honeywell plans to invest ₹1,400 crore in new campus | Business Line

 

[Echo_419]

Sensex gains 184 points, reclaims 26,000 mark - The Hindu

 

[IndoCarib]

Growing geo-political concerns have made Indian markets more attractive, at least in short-term, among BRIC nations, say analysts. According to them, foreign flows may top $50 billion by FY15, if the government walks the talk with regards to implementation of key economic reforms.

India now part of fabulous five; FII flow may top $50 billion by FY15 - The Economic Times

 

[luckych]

Chip-maker MediaTek plans to invest $200 m(1200 cr) on expansion

Taiwanese firm setting up design centre in Bangalore

Taiwanese chip-maker MediaTek will invest $200 million (around ₹1,200 crore) in India, mostly on its design centre in Bangalore, with an eye on gaining a larger share of the world’s third-largest smartphone market.

The company plans to recruit 500 chip design engineers in Bangalore by 2017. “These engineers will work on designing chips for mobile devices, home entertainment systems and wireless technologies,” said Grant Kuo, Managing Director, MediaTek India.

The company is looking at engineers with experience in semiconductor, Integrated Chip (IC) design, connectivity software and other related areas.

The investments. which the company did not quantify, will be made in the next few years. The company is feeling the need for these investments at a time when India is seeing a smartphone explosion of sorts.

According to IDC, smartphone sales in India grew almost three-fold to over 44 million in 2013. In the January-March quarter, 17.59 million smartphones were shipped into India compared with 6.14 million a year ago.

Chip-maker MediaTek plans to invest $200 m on expansion | Business Line

 

[Echo_419]

Chip-maker MediaTek plans to invest $200 m(1200 cr) on expansion

Taiwanese firm setting up design centre in Bangalore

Taiwanese chip-maker MediaTek will invest $200 million (around ₹1,200 crore) in India, mostly on its design centre in Bangalore, with an eye on gaining a larger share of the world’s third-largest smartphone market.

The company plans to recruit 500 chip design engineers in Bangalore by 2017. “These engineers will work on designing chips for mobile devices, home entertainment systems and wireless technologies,” said Grant Kuo, Managing Director, MediaTek India.

The company is looking at engineers with experience in semiconductor, Integrated Chip (IC) design, connectivity software and other related areas.

The investments. which the company did not quantify, will be made in the next few years. The company is feeling the need for these investments at a time when India is seeing a smartphone explosion of sorts.

According to IDC, smartphone sales in India grew almost three-fold to over 44 million in 2013. In the January-March quarter, 17.59 million smartphones were shipped into India compared with 6.14 million a year ago.

Chip-maker MediaTek plans to invest $200 m on expansion | Business Line

They should invest in Chip making too,not just chip designing