News Updates
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.
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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.
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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.
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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.
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Nuclear Safety Bill introduced
A Bill to establish a legal authority and regulatory bodies for nuclear radiation safety was introduced in the Lok Sabha.
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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.
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