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Walmart, Tesco can open warehouses even in states against FDI
New Delhi: Global retailers like Walmart and Tesco can set up warehouses, cold storages and source products from SMEs in states which have not permitted FDI in the multi-brand retail sector, a senior official said. "Foreign players can set up warehouses and also source products from small and medium enterprises from #Business #Economy #FDI in retail #NewsTracker #Tesco #Walmart
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Foreign investors can buy inflation bonds too: RBI
Foreign investors will be able to buy inflation-linked bonds within the existing total investment limits of up to $25 billion for government debt, a senior official from the Reserve Bank of India (RBI) said on Monday. Inflation-linked bonds will be issued separately from the scheduled auction of government bonds, which are #Bonds #foreign investors #India #Inflation-Indexed Bonds #RBI #retail investors #TheySaidIt
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Why S&P doesn’t buy Chidunomics and warns of a downgrade
By the measure of his pulse, the Swedish tennis legend Bjorn Borg qualified as barely human. The "Ice-Borg" was a man of such steady nerves that his "resting heart rate" was, at its lowest, about 38 beats per minute, against the typical measure of 60-100 BPM. As much as his #Food Security Bill #InMyOpinion #Manmohan Singh #P. Chidambaram #Standard & Poor's
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Banking licence: Vikram Pandit’s India play will not be easy
Even though the JM Financial stock made merry following the announcement of former Citigroup CEO Vikram Pandit's being roped in to head the banking foray at the financial services firm, obtaining a licence with his name alone will not be easy due to several entry barriers and tough compliance norms #Banking foray #Financial inclusion #India #JM Financial #RBI #Vikram Pandit
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Why Congress has learned the wrong lessons from India Shining
Human beings love a good story. And a good story is complete. If something has happened, there needs to be a ready explanation available for it. Nassim Nicholas Taleb writes about this in Fooled by Randomness. Taleb recounts watching Bloomberg TV, sometime in December 2003 around the time Saddam Hussein #Bharat Nirman #BJP #Congress #India #India Shining #Manish Tewari #ToWhatEffect
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Cobrapost: Co-operative banks get clean chit from Nabard
Mumbai: Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity. "Every year we do an inspection and we have not found anything like that," National Bank for Agriculture and #Co-operative banks #Cobrapost #HDFC Bank #ICICI Bank #Nabard #NewsTracker #RBI
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Failed to pay service tax? Land in jail for 7 years
New Delhi: Failing to deposit this tax may attract arrest and imprisonment upto seven years. With the passage of Finance Bill 2013 last week, the Revenue department officials can now arrest a person for non-payment of collected service tax. Earlier, the officials did not have any power to arrest a person for #Economy #Indirect tax #NewsTracker #service tax
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Why RBI is likely to cut rates in its June policy meet
New Delhi: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said. The headline wholesale inflation fell to 41-month low in April #Economics #Inflation #Monetary policy #PolicyWatch #Reserve Bank of India
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US paves way for shale gas export to India
Opening up the prospects of export of shale gas to energy starved India, the US today granted conditional authorization to export domestically produced liquefied natural gas (LNG) to nations that do not have Free Trade Agreement (FTA) with it. In a decision, which has major implications for India, the Department of #diplomacy #India #PolicyWatch #Shale gas #US
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Trade violation: China’ Huawei, ZTE accused of dumping products in EU
NEW YORK: Europe's top trade official for the first time, late on May 17, officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by #ANTI-DUMPING #China #EU #Huawei #PolicyWatch #trade violations #ZTE
