Indian Economy-News & Updates

[yashchauhan]

Already posted

http://www.defence.pk/forums/economy-development/27787-indian-economy-news-updates-85.html

Mods please merge.

its a billion dollar project.....a more of it to come now.........

 

[Justin Joseph]

Delhi already has best transportation system in India. By Sept. 2010 it will be years ahead of all the cities and remain at top.

- One of he biggest airport in the world.

- 4 World class Railway stations.

- Delhi Metro network of about 200 kms.

- 11,000 buses.

- 80,000 taxis

- 55,000 autos

 

[Materialistic]

Delhi already has best transportation system in India. By Sept. 2010 it will be years ahead of all the cities and remain at top.

- One of he biggest airport in the world.

- 4 World class Railway stations.

- Delhi Metro network of about 200 kms.

- 11,000 buses.

- 80,000 taxis

- 55,000 autos

source please !!!!

 

[Kompromat]

What is this Thread doing in Pakistan Section ?

 

[A.R.]

source please !!!!

you are welcome here during common wealth games... just come here and see live with your own eyes...

 

[Justin Joseph]

source please !!!!

As a citizen i know better but here are your source.


Delhi Metro has 193.11 kms. (Phase I 65.11 km + Phase II 128 km)

After phase III & IV we will add 220 kms more then the Delhi Metro will be of about 400 kms.

Proof

Delhi Metro - Wikipedia, the free encyclopedia


IGI Airport

On completion will become the third largest terminal in the world.

IGI Airport will become the world’s sixth-largest in terms of capacity.

Has one of the longest runways in the world.

"This terminal will have 168 check-in counters, 74 aero bridges, 30 parking bays, 72 immigration counters, 15 X-ray screening areas, for less waiting times, duty-free shops, and other features.[14][15] Over 90% of passengers will use this terminal when completed. This new terminal is planned to be completed in time for the 2010 Commonwealth Games, which are to be held in Delhi, and will be connected to Delhi by an eight-lane motorway (National Highway 8), and the Delhi Mass Rapid Transit System. Terminal 3 will cater to more than 35 million passengers a year.

Come July and Delhi will get to experience its very own `world-class' airport. The new integrated terminal 3 (T3) with a capacity of 34 million passengers per annum will become operational from July 3 after which all international airlines and India's full cost carriers Air India, Jet Airways and Kingfisher will start their operations from the terminal"

Proof:

Indira Gandhi International Airport - Wikipedia, the free encyclopedia


Over 55,000 Autos ply on Delhi's roads

Proof

Delhi not to phase out auto-rickshaws now: CM


World Class railway stations in Delhi

India: Bijwasan to be city's third world class station. - Free Online Library

New Delhi, Old Delhi, Hazrat Nizamuddin and Anand Vihar Railway is one of the largest railway stations.

A pic of the newly built New Delhi Station Building at Ajmeri Gate in New Delhi.


11,000 buses in Delhi.

Proof:

((( TELEMATICS - Cubic Transportation Systems (India) Launches Smart Card Trial on Delhi Buses

Well actually at present there are more than 11,000 buses in Delhi.

 

[Justin Joseph]

Indian expats remittances increase despite global slowdown

18 Apr 2010, 1116 hrs IST,PTI

MUMBAI: Remittances by Indian expatriates rose by over $ 1 billion to $ 27.51 billion (around 1,22,420 crore) during April-September 2009, unfazed by the global financial meltdown, a RBI survey has said.

The remittances increased from $ 26.37 billion during the same period in the previous year, as India provided much better returns.

It further said that the rise in remittances may be attributed to a number of factors, including depreciation of rupee resulting in the rise in inflows through rupee denominated NRI accounts to take advantage of the depreciation and hike in interest rate ceilings on NRI deposits since September 2008.

RBI said that it was feared that the global recession could impact migrant workers more severely.

"Even if there is no lay-off, workers would often have to accept lower wages as employers worldwide are seeking to cut costs in an attempt to cope with the financial crisis," it said.

The survey, which was conducted in November 2009, said that North America continues to be the most important source region of remittances to India despite its share in total remittances falling to 38 per cent (44 per cent during the 2006 Survey).

This is in line with the fact that a large proportion of migrants to North America (US and Canada) work in software and other Information and Communication Technologies (ICT) related areas which have relatively higher average earning levels.

The Gulf region accounts for an average of 27 per cent of the total remittance inflows to India, with major source countries being the UAE and Saudi Arabia.

While Kochi and Mumbai receive above 50 per cent of their remittances from the Gulf region; Ahmedabad, Bangalore, Chandigarh, Delhi, Hyderabad and Kolkata received more than 60 per cent of their inward remittances from North America and Europe together.

It further said that while the larger numbers of the bank branches that were surveyed have reported negligible impact of global crisis on flow of remittances, responses have been mixed across the regions.

"Majority of the respondents in Delhi and Chandigarh centres said that ongoing recession led to decline in the remittances, while in Ahmedabad centre, the majority of the respondents did not see any significant decline in the flows of remittances in the region," RBI said.

Indian expats remittances increase despite global slowdown-Visa Power-Travel-Services-News By Industry-News-The Economic Times

 

[yashchauhan]

Indian expats remittances increase despite global slowdown

18 Apr 2010, 1116 hrs IST,PTI

MUMBAI: Remittances by Indian expatriates rose by over $ 1 billion to $ 27.51 billion (around 1,22,420 crore) during April-September 2009, unfazed by the global financial meltdown, a RBI survey has said.

The remittances increased from $ 26.37 billion during the same period in the previous year, as India provided much better returns.

It further said that the rise in remittances may be attributed to a number of factors, including depreciation of rupee resulting in the rise in inflows through rupee denominated NRI accounts to take advantage of the depreciation and hike in interest rate ceilings on NRI deposits since September 2008.

RBI said that it was feared that the global recession could impact migrant workers more severely.

"Even if there is no lay-off, workers would often have to accept lower wages as employers worldwide are seeking to cut costs in an attempt to cope with the financial crisis," it said.

The survey, which was conducted in November 2009, said that North America continues to be the most important source region of remittances to India despite its share in total remittances falling to 38 per cent (44 per cent during the 2006 Survey).

This is in line with the fact that a large proportion of migrants to North America (US and Canada) work in software and other Information and Communication Technologies (ICT) related areas which have relatively higher average earning levels.

The Gulf region accounts for an average of 27 per cent of the total remittance inflows to India, with major source countries being the UAE and Saudi Arabia.

While Kochi and Mumbai receive above 50 per cent of their remittances from the Gulf region; Ahmedabad, Bangalore, Chandigarh, Delhi, Hyderabad and Kolkata received more than 60 per cent of their inward remittances from North America and Europe together.

It further said that while the larger numbers of the bank branches that were surveyed have reported negligible impact of global crisis on flow of remittances, responses have been mixed across the regions.

"Majority of the respondents in Delhi and Chandigarh centres said that ongoing recession led to decline in the remittances, while in Ahmedabad centre, the majority of the respondents did not see any significant decline in the flows of remittances in the region," RBI said.

Indian expats remittances increase despite global slowdown-Visa Power-Travel-Services-News By Industry-News-The Economic Times

in economics it is defined as Indirect FDI!

 

[yashchauhan]

DAEX Line passing over Dhaula Kuan FLyover Interchnage!

 

[Justin Joseph]

Yamaha plans to make India global hub for premium bikes

BANGALORE: Japanese automobile major Yamaha is planning to make India the hub to manufacture premium motorbikes for global markets. In the past year, the company registered a three-fold increase in two-wheeler exports from India, driven largely by the growing international demand for high-end bikes.

“We will fully utilise the infrastructural facilities that we have set up here in India to push our exports further,” said Pankaj Dubey, national business head of India Yamaha Motor (IYM).

The Indian unit supplied 66,904 bikes in fiscal 2010 to Yamaha’s global operation, compared with 38,639 units in 2008-2009. These two-wheelers were sold in countries such as Colombia, Sri Lanka, Indonesia, Kenya, Bangladesh and the Philippines.

Yamaha exports bikes such as Gladiator Type SS, FZ16, YZF-R15, Crux, Enticer, Alba and G5 out of India. “We are seeing a huge demand for exports, which grew at 73% in the past year,” said Mr Dubey. In contrast, demand for Yamaha bikes in India grew at 25% in the same period.

According to Ernst & Young India, all major automobile manufacturers are looking at lowering cost of operation, a major reason why India is becoming important as a manufacturing hub. “India offers lower cost of component sourcing, and Yamaha has a better presence in the premium segment,” said Kapil Arora, partner-automotive practice, Ernst & Young India.

The focus on selling high-end bikes in the 150cc category and above has worked well for Yamaha. This year, the company has gained a 12% share of the $8-million two-wheeler market, up from a share of 5% in 2006. Now, the company targets to increase its share in the premium and deluxe segment to 20% by 2010-end. “This segment is very crucial for us, as currently it is the main growth driver for our company,” said Mr Dubey

At present, Yamaha is ranked fifth in the Indian two-wheeler market and it is dominated by Hero Honda, Honda Motorcycles, Bajaj and TVS Motors. In the previous year, Yamaha sold 223,307 motorbikes in the Indian domestic market, compared with 162,370 units in 2008-2009.

Yamaha will also expand its product portfolio in India by launching a scooter that will tap into another growth segment. “We are currently conducting a feasibility study and will finalise plans depending on customers demand,” said Mr Dubey. As per the data by the Society of Indian Automobile Manufacturers (SIAM), In the financial year 2009-2010, the two-wheeler industry clocked growth of 26% in the domestic sales and 13.54% in export.

Yamaha plans to make India global hub for premium bikes-Two-wheelers-Auto-News By Industry-News-The Economic Times

 

[jha]

first software them manufacturing next should be aerospace and defence..

 

[Justin Joseph]

Tata in engineering deal with Rolls-Royce

DELHI: Rolls-Royce has entered into a global engineering services partnership with Indian IT major Tata Consultancy Services (TCS). Under the agreement, TCS will provide Rolls-Royce with a range of engineering services across its entire product lifecycle.

As part of the deal, TCS will support and enable Rolls-Royce strategy to expand its engineering services footprint in India. TCS will set up an engineering centre to cater to Rolls-Royce design and engineering requirements in Bangalore.

Anil Shrikhande, President Rolls-Royce India said, “India is a strategically significant market as well as an increasingly important technology services location for Rolls-Royce. The new collaboration with TCS will give us additional quality and cycle-time advantages.”

Regu Ayyaswamy, Vice President and Global Head/Engineering and Industrial Services, Tata Consultancy Service said, “This partnership with Rolls-Royce is significant to TCS. This will lead to high quality engineering solutions and services from TCS for complex aero engines under the Rolls-Royce standards of excellence.”

Aerospace and defense sectors have been a major focus for TCS.

TCS in engineering deal with Rolls-Royce-Software & Services-News-Indiatimes - Infotech

 

[tyagi]

terminal 3 igi

 

[Justin Joseph]

India withdraws $3bn US bonds since November last

MUMBAI: Foreign central banks, led by China, have been pulling out from US treasury securities since November 2009. Even India has pulled out about $3 billion during the period.

The latest data released by the US Federal Reserve Board indicates that foreign official holdings — essentially, central bank holdings in US treasury bonds — have dipped $58 billion to $2,674 billion from $2,732 billion in November 2009.

Commenting on the trend, HDFC Bank chief economist Abheek Barua said central banks across the globe have been diversifying their foreign exchange reserve away from the dollar to other currencies such as the euro, and some have been parking in ‘commodity currencies’ such as the Australian and Canadian dollar, which derive most of their strength from the country’s commodity exports. Also, many countries are seeing a slower pile-up of reserves as capital inflows are used to fund the widening current account deficits. This leaves the central banks of these economies with lesser foreign currency assets for investments, he added.

Though the investment break up by individual central bank is not available in the public domain, an analysis of country-wise figures shows that three out of four BRIC economies have been pulling out of the US bond market. While China has pulled out $52 billion from US treasury bonds since November, taking its outstanding holdings to $877 billion, Russia withdrew $31.2 billion.

India, with relatively lower exposure in US treasuries, has pulled out $2.9 billion in the period, bringing its outstanding investments down to $31.2 billion as on February end. However, Brazil is the exception and has increased its exposure to the greenback. Besides, Japan, the UK and Canada have been the major economies to significantly increase exposure to US bonds.

A section of the global economy led by China has been advocating the need for an alternate reserve currency to the US dollar, especially after the global financial crisis deepened in 2008. However, China on its part, has been under pressure to devalue its yuan which has been pegged artificially low.

Commenting on the issue, in his media address on Tuesday, RBI governor D Subbarao said: “I do not want to make a specific comment on the yuan, but if some countries manage their exchange rate and keep them artificially low, the burden of adjustment falls on countries which do not manage their exchange rates so actively. This happens both because their import substituting industries get hurt and our exports get hurt. ... if and when this is discussed in the G20 forum, we will certainly give our opinion on the subject.”

India withdraws $3bn US bonds since November last-Bonds-Markets-The Economic Times

 

[Ecstacy]

56 Indian cos in Forbes' Global 2000 list


New York: As many as 56 Indian companies, including Reliance Industries and State Bank of India, have been named among the world's 2,000 most powerful listed companies, according to US magazine Forbes.

The 'Global 2000' list of the biggest and most powerful companies worldwide has been topped by US banking giant JPMorgan Chase and is followed by General Electric, Bank of America and ExxonMobil.

Among Indian high performers, Mukesh Ambani-led Reliance Industries leads the pack and has been ranked at the 126th place in the global list.

Other Indian companies named in the list include State Bank of India (130), ONGC (155), ICICI Bank (282), Indian Oil (313), NTPC (341), Tata Steel (345), Bharti Airtel (471), Steel Authority of India (502), Larsen & Toubro (548) and HDFC Bank (632).

The global rankings span 62 countries, with the US (515 members) and Japan (210 members) dominating the list as usual, although the number of companies from developing nations in the Global 2000 is fast increasing.

This year, the countries that gained the most ground are mainland China (113 members), India (56 members) and Canada (62 members), the magazine said.

Forbes' ranking of the world's biggest companies used an equal weighting of sales, profits, assets and market value to rank companies according to size and this year's list reveals the dynamism of global business.

"In total, the Global 2000 companies now account for USD 30 trillion in revenues, USD 1.4 trillion in profits, USD 124 trillion in assets and USD 31 trillion in market value. All metrics are down from last year, except for market value, which rose 61 per cent," Forbes said.

Two companies from the Anil Ambani Group, Reliance Communications (742) and Reliance Infrastructure (1,702), have also made it on the list.

Other Indian companies named on the list include state-owned Punjab National Bank (695), Tata Consultancy Services (741), HDFC (783), Infosys (807), DLF (923) and Hero Honda Motors (1,571).

Source:56 Indian cos in Forbes' Global 2000 list