September 15, 2011
A brief news round-up from the past two weeks:
Key Political Risks to Watch in India
India’s lawmakers have recently faced a surge of public anger and mass protests against corruption, and the UPA government’s unwillingness to table the Lokpal bill to attack it.
Government expert panel suggests an overhaul of budgetary process
A government expert panel has suggested an overhaul of the budgetary process, including doing away with the plan-non-plan classification in both the centre and state budgets.
India’s Food Inflation Rate Remains More Than 9% for a Fifth Straight Week
India’s food inflation rate stayed above 9 percent for a fifth straight week, maintaining pressure on the central bank to raise interest rates.Read Article
India’s exports to touch $300 billion in FY’12: Commerce Minister Anand Sharma
Despite the slowdown in the world economy, the Government has set a target of USD 300 billion for exports this fiscal year, as a part of the new 12th 5 year plan.
Indian pharma industry to be in global Top 5 by 2020: Study
India will emerge as one of the Top 5 global markets for pharmaceutical products by 2020, driven by huge domestic demand and increased consumer spending on drugs, according to a study by city-based Ikon Marketing Consultants. Read Article
Record exports in July fail to allay slowdown fears
Merchandise exports rose by a record 82 per cent in July to $29.3 billion from $16.1 billion in the same month last year, mainly due to a rise in the demand for engineering and electronic goods and gems and jewellery.
Nuclear Safety Bill introduced
A Bill to establish a legal authority and regulatory bodies for nuclear radiation safety was introduced in the Lok Sabha.
New national manufacturing policy this month: Commerce and Industry Minister Anand Sharma
The national manufacturing policy that proposes to create mega industrial zones with world-class facilities and tax sops for units is likely to be implemented by the end of the month.