Reviewer21
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Jealous that things didn't go as you expected?
Source for point 2 & 3??
Source for point 2 & 3??
Modi Effect : Rupee best performing Asia-Pacific currency in 2014
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jaunty
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It will not put a check on imports because India's main import item is crude oil and you can't put a check on it. It will increase the import bill suddenly and there is no manufacturing base in India right now to counter that with more exports. Therefore a sudden devaluation of rupee would hurt the economy immediately. However a gradual process, with simultaneous improvement of infrastructure and the manufacturing sector could be helpful in the long run.
modi government will have to take some tough decisions in coming days ...
Mess that UPA created is not going to unwind so easily ...
But Modi can bank on the good start that markets, FIIs have given ....
I just hope Modi doesn't sack Raghuram rajan ...as it was made out by some media houses ....
kaykay
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Export rises by 5.26% while Import decreased by 15%.
Exports up 5.26% in Apr, highest growth in 5 mths
Indian Jaat
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Today on Twitter many people were saying that Bullet Train plan from Ahemdabad to Mumbai is approved by Modi and a time sent to France. But i think Modi should use that 50 billion dollar in upgrading the railway track and increasing the speed to 160-180 KM first.
kaykay
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Thats right. Hope are high but he can do it. And yes R Rajan should not be sacked rather used to full potential and I guess a Gujarati like Modi understands this.
Reviewer21
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This one totally suits on modi:
NaMo, Name is enough!!
NaMo, Naam hi kaafi h!
NaMo, Name is enough!!
NaMo, Naam hi kaafi h!
madooxno9
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I got Euros few days back at 80.03 , before elections it was 84 .
I heard after the elections there are plenty of investors lining up and somewhere around 10 billion dollars got pumped into the economy from abroad.
I heard after the elections there are plenty of investors lining up and somewhere around 10 billion dollars got pumped into the economy from abroad.
egodoc222
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actually rbi is checking rupee appreciation....bcos rapid rupee appreciation could damage ecport industry!!!Bhai mujhe bhi pata hai ban gayi hai Modi SarkarPar 3 weeks me itna kam aane ki sochna hai bekaar
93% industry leaders foresee rapid economic changes in Modi era: Ficci survey | Business Standard
With a change of guard in political front, India industry too showed confidence of a Modi magic on Indian economy within twelve months.
According to a Ficci industry survey, 93% of industry heads foresee a rapid change in decision making machinery, while the remaining 7% still appeared sceptical about a Narendra Modi-led BJPgovernment. A majority 82% cited a substantial improvement in their business and investment prospects over the next twelve months.
The survey called for immediate reforms in land, labour, power, tax front, moves to stabilise inflation, addressing corruption issues, infrastructure creation and review of free trade agreements. Notifying the challenges for the new government, the participating CEOs opined that the growth has decelerated quite notably and the situation of the manufacturing sector continues to remain worrisome.
A significant majority of the participants felt that issues related to factors of production- land, labour, capital and power are amongst the most critical challenges that the new government will have to deal with. “Market for various factors of production has not seen much liberalisation. Be it land, labor or the capital market, we have a long way to go to ensure optimal utilization of these resources,” it added. It was also reflected by the CEOs that the forthcoming Union Budget should seriously look at subsidy rationalisation and bringing stability in fiscal regime.
It added that the new Land Acquisition Act makes it virtually impossible to acquire land and industry would like to see a comprehensive review of the same. “All natural resources are scarce and therefore access to these natural resources including land must be at equitable prices. The allocation must be rapid, enforceable and through transparent process,” the survey said.
In order to address inflation, the survey suggested that moderating prices is important as this will not only provide some relief to the last common denominator in society but will create space for an accommodative monetary policy.
“We have to deepen and broaden our capital market to reduce dependence on FIIs. Also, the corporate debt market has to be strengthened to reduce dependence on banks for long term funding requirements. Consolidation amongst public sector banks may be considered for creating large sized banks,” CEOs opined.
In addition, the CEOs also highlighted infrastructure development, increase in non-performing assets in the banking sector and law and order situation in the country as areas that need urgent attention of the new government. A suggestion was also made to review the impact of FTAs on India's economy and industry.
It was mentioned that transparency and stability in policies should be the key thrust area for the government to boost investor confidence. The participating CEOs were of the view that government should consider repealing retrospective tax provisions that have negative implications on the conduciveness of investment environment. The survey results are based on responses from about 76 CEOs, who are members of Ficci's National Executive Committee.
With a change of guard in political front, India industry too showed confidence of a Modi magic on Indian economy within twelve months.
According to a Ficci industry survey, 93% of industry heads foresee a rapid change in decision making machinery, while the remaining 7% still appeared sceptical about a Narendra Modi-led BJPgovernment. A majority 82% cited a substantial improvement in their business and investment prospects over the next twelve months.
The survey called for immediate reforms in land, labour, power, tax front, moves to stabilise inflation, addressing corruption issues, infrastructure creation and review of free trade agreements. Notifying the challenges for the new government, the participating CEOs opined that the growth has decelerated quite notably and the situation of the manufacturing sector continues to remain worrisome.
A significant majority of the participants felt that issues related to factors of production- land, labour, capital and power are amongst the most critical challenges that the new government will have to deal with. “Market for various factors of production has not seen much liberalisation. Be it land, labor or the capital market, we have a long way to go to ensure optimal utilization of these resources,” it added. It was also reflected by the CEOs that the forthcoming Union Budget should seriously look at subsidy rationalisation and bringing stability in fiscal regime.
It added that the new Land Acquisition Act makes it virtually impossible to acquire land and industry would like to see a comprehensive review of the same. “All natural resources are scarce and therefore access to these natural resources including land must be at equitable prices. The allocation must be rapid, enforceable and through transparent process,” the survey said.
In order to address inflation, the survey suggested that moderating prices is important as this will not only provide some relief to the last common denominator in society but will create space for an accommodative monetary policy.
“We have to deepen and broaden our capital market to reduce dependence on FIIs. Also, the corporate debt market has to be strengthened to reduce dependence on banks for long term funding requirements. Consolidation amongst public sector banks may be considered for creating large sized banks,” CEOs opined.
In addition, the CEOs also highlighted infrastructure development, increase in non-performing assets in the banking sector and law and order situation in the country as areas that need urgent attention of the new government. A suggestion was also made to review the impact of FTAs on India's economy and industry.
It was mentioned that transparency and stability in policies should be the key thrust area for the government to boost investor confidence. The participating CEOs were of the view that government should consider repealing retrospective tax provisions that have negative implications on the conduciveness of investment environment. The survey results are based on responses from about 76 CEOs, who are members of Ficci's National Executive Committee.
IND151
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Which will be a thing many are waiting for.
New government should also work on separate freight corridors.
India is currently focusing on high-speed railway track rather than high-speed rail, so that Indian rails can run faster on the current tracks, with a maximum speed at around 160 to 200 km/h; clocking average of 130 km/h.[1]
In the election manifestos for 2014 general election in India, the two major national parties of India, BJP and INC, pledged high-speed rail in the country as part of their manifestos.
The INC had pledged to connect all of India's million-plus cities by high-speed rail,[2] whereas BJP, which won the election, has promised to build the Diamond Quadrilateral project – connecting four major cities of India located in four edges of the country
For the first time in the history of Indian Railways, it aims to increase the speed of passenger trains to 160–200 km/h on dedicated conventional tracks.
The railway minister said in 2012 that a combination of prudent investment decisions in the areas of track and bridges, signalling, doubling and train-sets is proposed to be adopted to enable train running at speed of 160 km/h and above. The proposal would significantly reduce travel time for passenger trains by 20-25%. Such infrastructure would also enable Railways to run Shatabdi trains on long distance trunk routes and between metros, he said in his speech.[4]
In February 2014, ET reported quoting Alstom, builder of France's TGV high-speed trains, that India is at least 5–10 years away from high-speed trains. India cannot just jump into the trains with average speed of above 350 kmph, before upgrading the trains to the average speeds from 80 to 120 kmph. Indian trains does not have a good track record in average speed though trains have maximum operating speed of 130-150 kmph. "(It is) extremely important to upgrade the existing infrastructure. You should move from 60 to 70 to 80 (km/hr) and 100 to 120 (km/hr) and then in some corridors (after a few years) you could imagine running bullet trains, " Poupart- Lafarge said in an interview to ET.[5] As of now Increasing the maximum speed of tranins to 160-200 kmph(average - 110-120 kmph) have remained part of budget speech, without any long term strategy or operational project has been announced and nothing else has been concretly done.
Approach to high-speed
, such as Shinkansen/TGV/etc.[6] While they do not define high-speed, Indian Railways' approach matches the high-speed definitions of the Trans-European high-speed rail network, for upgraded lines and new lines built for high-speed.
Dedicate tracks to passenger trains
Dedicate tracks on existing trunk lines to passenger trains, by building separate corridors for freight trains, and build separate tracks for busy suburban traffic in Mumbai and other cities where traffic is equally busy. Without slower freight and suburban traffic, fast-express trains can run at the speed limit of rolling stock, the railway track or railroad switch, whichever is lowest among those that apply.[6]
https://www.google.co.in/url?sa=t&r...Tr_ZEQZjChCtSpKTtOkbk7w&bvm=bv.67720277,d.c2E
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kaykay
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Thats right. Tried searching for 2014 GDP figures in rupee term but couldn't. That will clear the picture.
Too much devaluation would increase the price of crude and other essential raw materials , leading to disastrous consequences for the industry. It has to be around 50-52.
Ahead of Narendra Modi's swearing in, sensex regains 25,000 mark - The Times of India
MUMBAI: The benchmark BSE sensex regained the 25,000 mark by soaring 344 points in opening trade on Monday on increased buying by foreign funds and retail investors ahead of swearing-in of Narendra Modi as the 15th Prime Minister of India.
Rising for the third straight session, the 30-share sensex shot up by 344.19 points, or 1.39 per cent, to trade at 25,037.54 with all the sectoral indices, led by power, PSUs, capital goods, auto, realty and banking sectors, trading in positive zone and rising up to 2.13 per cent.
The gauge, which earlier breached the 25,000 mark on May 16, had climbed 395.33 points in the past two sessions.
On similar lines, the 50-share NSE Nifty reclaimed the 7,400-level by spurting 90.35 points, or 1.22 per cent, to trade at 7,457.45.
Brokers said persistent inflow of foreign funds on hopes that the new government led by Narendra Modi would take a series of measures to revive the country's economic growth and a firming trend in the global markets buoyed the trading sentiments here.
Among other Asian markets, Hong Kong's Hang Seng rose 0.39 per cent and Japan's Nikkei was up 0.73 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.38 per cent higher in Friday's trade.
Markets surge; Sensex up 450 pts, Nifty near 7,500 - Rediff.com Business
Markets surge; Sensex up 450 pts, Nifty near 7,500
Benchmark share indices were trading near their day's highs in late morning deals ahead of the oath taking ceremony of Narendra Modi as India's 15th Prime Minister. Gains were led by capital goods and financials.
At 11:45AM, the 30-share Sensex was up 454 points at 25,148 and the 50-share Nifty was up 129 points at 7,496.
Hectic activity was also seen in the broader markets; the BSE Mid-cap was up 1.3 per cent and the BSE Small-cap surged 1.4 per cent.
The rupee recovered by 12 paise to trade at 11-month high of 58.40 against the US dollar as foreign capital inflows increased ahead of the oath taking ceremony of Narendra Modi; strong gains in equities also helped improve sentiment.
Meanwhile, foreign institutional investors which had turned net sellers in equities on Wednesday and Thursday, once again stepped up purchases after they bought equities worth Rs 417 crore ( Rs 4.17 billion) on Friday.
A sharp rise in the Asian markets is evident as Ukraine's chocolate tycoon Petro Poroshenko came out victorious in the presidential election held on Sunday. He has been given an opportunity to resolve the long lasting conflict between the west and Russia and ensure political stability. China's Shanghai Composite was up by .2 per cent. Nikkei 225 Average rose .64 per cent and Straits Times climbed.1 per cent, whereas Hang Seng dipped .11 per cent
Capital goods, Oil & Gas, Power, Auto, Banking, metal, IT and Mining indices were the top sectoral gainers on the BSE.
With a stable and business-friendly government in power, the Modi-led BJP winning the elections, shares of capital goods have received a boost. L&T has zoomed 3.3 per cent and BHEL is up by 2.29 per cent.
Maruti Suzuki gained 4 per cent amid upgrades by a foreign brokerage while M&M was up 3 per cent and Tata Motors surged 3.5 per cent.
Coal India jumped 4 per cent on recent reports that prime minister-elect Shri Narendra Modi was exploring splitting up the company and opening up the sector for foreign investment.
In the oil and gas space, GAIL rose 2 per cent and ONGC is up over 4 per cent
Private banks such as ICICI, HDFC and Axis bank, up by 1.5 per cent each. In addition, SBI has risen by .94 per cent. Other financials including HDFC has gained 1.26 per cent.
Despite an appreciating rupee, the IT exporters were gainers in today's session on the back of upbeat US home sales data signalling signs of an uptick in the world's largest economy. IT majors earn most of their revenues from exports to the US. TCS, Wipro and Infosys are marginally up .5 per cent,each.
NTPC is trading at Rs 164, up by 2.6 per cent. The country's largest power generation firm by capacity, NTPC, galloped 21.62 per cent to Rs 160 in the previous week.
Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are trading higher by up to 1.7 per cent in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay.
Select pharma stocks show a decline, with Cipla and Dr. Reddy's lab down by .12 per cent and .3 per cent, respectively.
Among other shares, shares of Hindustan Motors were down 10 per cent at Rs 12 after the company announced suspension of work at its Uttarpara unit.
Shares of SKS Microfinance were up over 4 per cent at RS 283 after its Rs 400 crore qualified institutional placement (QIP) evoked a strong response and was oversubscribed several times.
MUMBAI: The benchmark BSE sensex regained the 25,000 mark by soaring 344 points in opening trade on Monday on increased buying by foreign funds and retail investors ahead of swearing-in of Narendra Modi as the 15th Prime Minister of India.
Rising for the third straight session, the 30-share sensex shot up by 344.19 points, or 1.39 per cent, to trade at 25,037.54 with all the sectoral indices, led by power, PSUs, capital goods, auto, realty and banking sectors, trading in positive zone and rising up to 2.13 per cent.
The gauge, which earlier breached the 25,000 mark on May 16, had climbed 395.33 points in the past two sessions.
On similar lines, the 50-share NSE Nifty reclaimed the 7,400-level by spurting 90.35 points, or 1.22 per cent, to trade at 7,457.45.
Brokers said persistent inflow of foreign funds on hopes that the new government led by Narendra Modi would take a series of measures to revive the country's economic growth and a firming trend in the global markets buoyed the trading sentiments here.
Among other Asian markets, Hong Kong's Hang Seng rose 0.39 per cent and Japan's Nikkei was up 0.73 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.38 per cent higher in Friday's trade.
Markets surge; Sensex up 450 pts, Nifty near 7,500 - Rediff.com Business
Markets surge; Sensex up 450 pts, Nifty near 7,500
Benchmark share indices were trading near their day's highs in late morning deals ahead of the oath taking ceremony of Narendra Modi as India's 15th Prime Minister. Gains were led by capital goods and financials.
At 11:45AM, the 30-share Sensex was up 454 points at 25,148 and the 50-share Nifty was up 129 points at 7,496.
Hectic activity was also seen in the broader markets; the BSE Mid-cap was up 1.3 per cent and the BSE Small-cap surged 1.4 per cent.
The rupee recovered by 12 paise to trade at 11-month high of 58.40 against the US dollar as foreign capital inflows increased ahead of the oath taking ceremony of Narendra Modi; strong gains in equities also helped improve sentiment.
Meanwhile, foreign institutional investors which had turned net sellers in equities on Wednesday and Thursday, once again stepped up purchases after they bought equities worth Rs 417 crore ( Rs 4.17 billion) on Friday.
A sharp rise in the Asian markets is evident as Ukraine's chocolate tycoon Petro Poroshenko came out victorious in the presidential election held on Sunday. He has been given an opportunity to resolve the long lasting conflict between the west and Russia and ensure political stability. China's Shanghai Composite was up by .2 per cent. Nikkei 225 Average rose .64 per cent and Straits Times climbed.1 per cent, whereas Hang Seng dipped .11 per cent
Capital goods, Oil & Gas, Power, Auto, Banking, metal, IT and Mining indices were the top sectoral gainers on the BSE.
With a stable and business-friendly government in power, the Modi-led BJP winning the elections, shares of capital goods have received a boost. L&T has zoomed 3.3 per cent and BHEL is up by 2.29 per cent.
Maruti Suzuki gained 4 per cent amid upgrades by a foreign brokerage while M&M was up 3 per cent and Tata Motors surged 3.5 per cent.
Coal India jumped 4 per cent on recent reports that prime minister-elect Shri Narendra Modi was exploring splitting up the company and opening up the sector for foreign investment.
In the oil and gas space, GAIL rose 2 per cent and ONGC is up over 4 per cent
Private banks such as ICICI, HDFC and Axis bank, up by 1.5 per cent each. In addition, SBI has risen by .94 per cent. Other financials including HDFC has gained 1.26 per cent.
Despite an appreciating rupee, the IT exporters were gainers in today's session on the back of upbeat US home sales data signalling signs of an uptick in the world's largest economy. IT majors earn most of their revenues from exports to the US. TCS, Wipro and Infosys are marginally up .5 per cent,each.
NTPC is trading at Rs 164, up by 2.6 per cent. The country's largest power generation firm by capacity, NTPC, galloped 21.62 per cent to Rs 160 in the previous week.
Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories are trading higher by up to 1.7 per cent in early morning deals after the Andhra Pradesh High Court cleared the decks for the $4-billion deal to go through by lifting the stay.
Select pharma stocks show a decline, with Cipla and Dr. Reddy's lab down by .12 per cent and .3 per cent, respectively.
Among other shares, shares of Hindustan Motors were down 10 per cent at Rs 12 after the company announced suspension of work at its Uttarpara unit.
Shares of SKS Microfinance were up over 4 per cent at RS 283 after its Rs 400 crore qualified institutional placement (QIP) evoked a strong response and was oversubscribed several times.
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