Custom Search
Dear Readers,
Please Give Comments, Like and Send in Facebook, Subscribe this via RSS or E mail. Become a follower of this site through Google Friend Connect or Google reader or Blogger.... Feel free to email me at sadhubani@gmail.com for anything...
Showing posts with label Foreign Direct Investment. Show all posts
Showing posts with label Foreign Direct Investment. Show all posts

INDIA AND GLOBAL SOUTH

|


India and the Ascendency

of the Global South
 

The Report identifies four areas for particular attention: “enhancing equity, including on gender dimension; enabling greater voice and participation of citizens, including youth; confronting environmental pressures; and managing demographic change”
 

The elevation of a Jesuit from Argentina to the highest rank of the tradition-bound Roman Catholic church – arguably one of the most conservative and orthodox institutions of the established world order – is the clearest sign for believers of that faith of the ascendency of the global South. For followers of other faiths and non-believers, however, this dramatic shift was highlighted yet again by another more secular ritual: the release of the 2013 Human Development Report (HDR) by the United Nations Development Programme (UNDP). 

Aptly titled The Rise of the South: Human Progress in a Diverse World the Report notes: “For the first time in 150 years, the combined output of the developing world’s three leading economies – Brazil, China and India [BIC] – is about equal to the combined GDP of the longstanding industrial powers of the North – Canada, France, Germany, Italy, the United Kingdom and the United States [six of the original G-7].” The global South is generally understood to be countries that do not belong to the Organisation for Economic Cooperation and Development (OECD), with one or two notable exceptions, such as Chile.  

Economic Survey India

|


Economic Survey-An Overview
 

The Survey calls for staying on the path of indicated fiscal consolidation. This, it says, is critical to sustaining the desirable macroeconomic outcomes not only in terms of higher growth in real GDP and lower inflation, but also in easing the financing of the widening current account deficit (CAD),for which India’s sovereign credit rating is important
 

Highlights of India Economic Survey 2012-13
 

-       Economic growth pegged at 6.1-6.7 percent in 2013-14
-       March 2013 inflation estimated at 6.2-6.6 per cent
-       Priority will be to rein in high inflation
-       FDI in retail to pave the way for investment in new technology and marketing of agriculture produce
-       Survey calls for widening of tax base and prioritising expenditure to bridge fiscal deficit 
-       Calls for curbing gold imports to contain current account deficit
-       Aadhaar-based direct cash transfer scheme can help plug leakages  in subsidies
-       With subsidies bill increasing, danger of missing fiscal targets is real in FY13
-       Survey pitches for hike in prices of diesel and LPG to cut subsidy burden.
-       Foreign Exchange reserves remains steady at $295.6 billion at December, 2012-end
-       At present, overall energy deficit is about 8.6 percent and peak short of power is about 9 per cent.
-       Infrastructure bottlenecks affecting industrial sector performance
-       Prospects for world trade as well as of India are still
-       Pitches for further opening of sectors for FDI
 

Generally seen as anticipating the union budget, the economic survey for 2012-13 tabled in parliament on February 27 on the eve of the central budget 2013-14, expectedly pitched for further reforms, cut in subsidies, definitive action on eliminating barriers to investment and employment generation.  
 

Foreign Direct Investment

|


 
FOREIGN DIRECT INVESTMENT(FDI)
 


Q.1. What is the objective of FDI?  

It is the intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital, technology and skills, for accelerated economic growth. Foreign Direct Investment, as distinguished from portfolio investment, has the connotation of establishing a 'lasting interest' in an enterprise that is resident in an economy other than that of the investor.  

The Government has put in place a policy framework on Foreign Direct Investment, which is transparent, predictable and easily comprehensible. This framework is embodied in the Circular on Consolidated FDI Policy, which may be updated every year, to capture and keep pace with the regulatory changes, effected in the interregnum. The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India makes policy pronouncements on FDI.  

Q. 2. Who can invest in India? 
 

 

©2009 Development for You | Template Blue by TNB