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Economy
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China has raised export duty on coke from 25% to 40% that will be effective from 20th August. The immediate effect would be for lower margins mills as they struggle with the market that is readying itself for falling prices and buying activity starting to cool off with buyers maybe destocking slightly in the hope of lower prices....
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I dont think so. Chinese exported more due to their self demand. But, now chinese commodity demand to slow down so import would be very minimal, In same way they would export less so that home manufactured coke would be used for domestic growth further which would be stable not huge or less. ...
In reply to:
Chinese export duty hike on coke to up steel prices: SBB
Posted by :
MMB Messenger
China has raised export duty on coke from 25% to 40% that will be effective from 20th August. The immediate effect would be for lower margins mills as they struggle with the market that is readying itself for falling prices and buying activity starting to cool off with buyers maybe destocking slightly in the hope of lower prices. 
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Will the Republican or Democratic victory have a significant impact on Indian economy ?
I was wondering if US election may create drastic effects in India....
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Hey all, Congress fans out there, Do you think this goverment was successful in controlling inflation ?...
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Crude rose for the first time in three days as a storm near Cuba prompted evacuations from rigs and production platforms in the Gulf of Mexico. Tropical storm fay with maximum sustained winds of about 80 kilometers an hour, was centered 200 miles southeast of Havana. ...
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in what sight we may find the details of CPC REPORT...
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Strong domestic demand is likely to push up the private corporate investments in the current financial year but in a slower-pace owing to a deceleration in global and domestic economies, the Reserve Bank said.
\"The private corporate investment in 2008-09 is likely to increase, although it may grow at a slower pace... Corporate\'s incentives to invest are likely to remain strong in 2008-2009, namely high domestic demand and high capacity utilisation rates amidst improved profitability of last few years,\" RBI said in its August bulletin.
The capital investment intention of companies in the domestic market having institutional assistance upto the last fiscal amounted to Rs 1,48,350 crore as against Rs 1,25,248 crore envisaged for 2007-08, the apex bank said.
In the current fiscal, the proposed investment aggreagtes to Rs 1,73,173 crore, if the capital spending envisaged by companies raising funds from sources other than banks and foreign investors was added, RBI said.
\"If the aggregate capital expenditure in FY 09 were to surpass the level indented for the year 2007-08, the fresh envisaged capital expenditure in 2008-09 must be above Rs 71,934 crore,\" the apex bank said.
-BS
...
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A step which seems to boost up the financial sector has been taken by the UPA government as on Thursday it allowed private provident, pension and gratuity funds to invest up to 15% of their corpus in stock markets. The announcement has come nearly after 15 days of ending the monopoly of SBI in managing EPF accounts.
There has also been relaxation in the norms regarding investment in securities. A notification by the Finance Ministry clarified that these can invest up to 15% of funds in shares of companies on which derivatives are available in the Bombay Stock Exchange or National Stock Exchange. The amendments have been made under the revised investment pattern.
The new guidelines would come in effect from April 1, 2009. The guidelines came into existence after the feedback of the public on draft proposals, which were issued last year.
“Government would impress upon the Employees Provident Fund, which has a corpus of over Rs 2,40,000 crore, to follow these investment guidelines,” as was said earlier by a senior finance ministry official.
The government had put an end on the monopoly of SBI on July30, when it allowed private players like HSBC, Reliance Capital and ICICI Prudential to manage the incremental funds of EPFO which had been subscribed by over four crore employees.
...
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Our strength should also include agriculture. Investments made in past bode well for this sector, therefore I see a second break through in agriculture production and allied sectors....
In reply to:
SWOT Analysis of Indian Economy
Posted by : tally
STRENGTH :- 1) High saving rate of 36%. 2) Money supply at or above 20% which may further go up once inflation concerns are fully addressed. 3) Economy uses money much more efficiently. 4) Crude prices coming down, likely to settle down at $80 or so. 5) Long term growth rate of 9% will be sustained may also achieve double digit growth. 7) India Inc becoming ambitious and dreaming of achieving world class standards. 8) Reasonable educational standards which are being further improved / enhanced. 9) People at helms of affairs understand economy and working within the political parameters to achieve the growth. 10) No major conflict between various organs of Govt / state govt / Institutions/SC,HC & Lower courts along with good military to deal with external threat . WEAKNESS :- 1)Fragmented society and polity. 2)Large no of people do not get benefits of development therefore almost half the country violence prone and almost no development taking place. Situation grim but still not out of control.3)Labor force productivity is very low Industry and govt both have to put in lot of effort to improve the situation.OPPORTUNITY:- This state of under development, poverty deprivation to large section itself provides us with huge opportunity for a sustained growth. Country has large areas ready for economic exploitation. THREAT:- Very large and high density of population. More resources will be consumed to look after basic needs. 2) Possible political instability. 3) Religious intolerance and resulting violence may retard the growth. Do share your views and comments.
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Pay commission recommendation are not just a drain on the Govt finances but can also provide tremendous boost to the economy by enhancing demand for various consumer products, housing and education. Govt servant will put this money to only productive use or save. The money spells good for our economy even if there is little increase in deficit financing or inflation....
In reply to:
6th Pay Comm hike to hit FY09 Central Budget by Rs 15K cr
Posted by : MMB Messenger
The Cabinet is open to the Sixth Pay Panel recommendations and the wage hike would exceed the pay panel estimate by Rs 11,000 crore. The Finance Minister, P Chidambaram said that the Sixth Pay Commission hike would impact the FY09 Central Budget by Rs 15,717 crore and the Railway Budget by Rs 6,414 crore.
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hi,
after the declaration of 6th cpc, every economist has started shouting of inflation and the burden on govt. One simple question, is this the only thing which is increasing inflation? The ministers and the big bereaucrats in the govt. are not doing any waste? We can build parliament for Afganisthan, can give build terminals for Haj, give them subsidy and can afford to buy MPs, but we cannot expect the govt. machinery to get a better pay. What is a better pay? I will give my own example, I am working in Central Govt. as a Clerk, have rendered 35 yrs of service with only one single promotion, with a benefit of Rs.10/- at that time? My gross salary does not exceep Rs.18000/- after 35 yrs. There are no exams for promotions. Can someone expect me to run a family of six people including my parents? That is all. I expect everybody to search answers for that and then expect from the govt. servants. Another person recruited with me got five promotions because he is from SC cadre. I do not want to say that the govt. policy is wrong in upliftment of the Dalits, but simultaneously, what about others? Recently, I saw the honourable Chief Minister of UP yelling that I am a dalit ki beti, and suddenly remembered the property she owns declared by her at the time of elections? ...
In reply to:
6th Pay Comm hike to hit FY09 Central Budget by Rs 15K cr
Posted by : MMB Messenger
The Cabinet is open to the Sixth Pay Panel recommendations and the wage hike would exceed the pay panel estimate by Rs 11,000 crore. The Finance Minister, P Chidambaram said that the Sixth Pay Commission hike would impact the FY09 Central Budget by Rs 15,717 crore and the Railway Budget by Rs 6,414 crore.
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STRENGTH :- 1) High saving rate of 36%. 2) Money supply at or above 20% which may further go up once inflation concerns are fully addressed. 3) Economy uses money much more efficiently. 4) Crude prices coming down, likely to settle down at $80 or so. 5) Long term growth rate of 9% will be sustained may also achieve double digit growth. 7) India Inc becoming ambitious and dreaming of achieving world class standards. 8) Reasonable educational standards which are being further improved / enhanced. 9) People at helms of affairs understand economy and working within the political parameters to achieve the growth. 10) No major conflict between various organs of Govt / state govt / Institutions/SC,HC & Lower courts along with good military to deal with external threat . WEAKNESS :- 1)Fragmented society and polity. 2)Large no of people do not get benefits of development therefore almost half the country violence prone and almost no development taking place. Situation grim but still not out of control.3)Labor force productivity is very low Industry and govt both have to put in lot of effort to improve the situation.OPPORTUNITY:- This state of under development, poverty deprivation to large section itself provides us with huge opportunity for a sustained growth. Country has large areas ready for economic exploitation. THREAT:- Very large and high density of population. More resources will be consumed to look after basic needs. 2) Possible political instability. 3) Religious intolerance and resulting violence may retard the growth. Do share your views and comments. ...
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After a good run a little bit breather is essential.Economy starts the run again after breather....
In reply to:
June IIP at 5.4%; Experts see FY09 GDP growth at 7.5%
Posted by : MMB Messenger
June industrial growth stand at 5.4% versus 8.9% (YoY), while infrastructure output number stands at 3.4% versus 5.2% (YoY). May industrial growth has been revised to 4.1% versus 3.8% earlier. A CNBC-TV18 poll saw the Index for Industrial Production, or IIP, number at 5.4% for June as against 3.8% for May and 8.9% a year ago.
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if inflation zooms despite all the
positive factors, it is on account of
hoarding and profiteering by the
unscrupulous trade aided by the
greedy politicians.
if every state government conducts severe
raids on hoarders prices will automatically
come down. will they act? they will
only penalise the defence less middle class
since they have no god fathers....
In reply to:
Inflation for week-ended Aug 2 at 12.44% vs 12.01%
Posted by : MMB Messenger
Inflation for the week-ended August 2 has come in at 12.44% as against 12.01%, reports CNBC-TV18. A CNBC-TV18 poll saw inflation rising to 12.15% for the week ended August 2.
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I do not think so in 3 days time it will digest and on monday ride on cooling cruide prises and positive global clue as sentiments are positive and to break that you really need news of that sort.market was anticipating 12.25 so marginally higher everything will get discounted mr market bear...
In reply to:
Inflation at 12.44%: Is it time to panic?
Posted by : marketbear
indian market will be spooked on monday, specifically banking, reality, auto and metal sectors as these sectors will face monetary and administral actions to contain inflation
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