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    One More Step towards FDI in India’s Multi-Brand Retail

    Aug. 10 – Multi-brand retailing, perhaps the most vital issue of the new century in terms of FDI in India, has gone ahead by one more step. The top notch secretaries of the Indian government have forwarded 10 recommendations to the Commerce and Industry Ministry. According to government officials, the ministry is evaluating it and[…..]

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    Progress Report for India’s SEZs

    Aug. 9 – In India, land is the subject matter of state governments and, as such, land for special economic zones (SEZs) is obtained according to the policy and practices of the respective state governments. According to the records available for 381 SEZs, 82.3 percent of land is waste/barren/dry/industrial, 15 percent of land is single[…..]

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    India’s Foreign Trade in June 2011

    Exports Aug. 5 – India’s exports through June 2011 were valued at US$29.21 billion, which was 46.45 percent superior to the level of US$19.94 billion seen in June 2010. On an expanded timeframe, the growing value of exports for the period April-June 2011-12 was US$79.00 billion against US$54.22 billion over the same period a year[…..]

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    Key Points: India’s Economic Outlook For 2011-2012

    Aug. 5 – India’s Economic advisory council has released its outlook for the year 2011-12. Some vital points are given below: Economy is expected to develop at 8.2 percent in 2011-12. Agriculture grew at 6.6 percent in 2010-11. Likely to nurture at 3.0 percent in 2011-12. Industry grew at 7.9 percent in 2010-11. Likely to[…..]

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    India Sees Uptick in PE Investment, M&A Deals

    Aug. 4 – Recent market results show a significant pickup in private equity investment and inbound M&A deals in India. Following the previous year’s global slowdown, figures posted for the latest fiscal year are showing positive growth, highlighted by particularly strong private equity investment, worth US$4.2 billion to date. However, rising interest rates have tempered[…..]

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    Conversion of India’s Post Offices into Banks

    Aug. 3 – An estimated 150,000 post offices across India will soon go through a fundamental modification, transferring them into full-fledged banks on the anvil. The initiative has been taken up by Telecom Minister Kapil Sibal, who wants to reach out to the masses in the country’s rural areas with modern banking facilities through the[…..]

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    Patil on Indian Investment in Mongolian Mining

    Aug. 2 – President Pratibha Patil on Friday asked Indian industry houses to exploit the vast opportunities in the mining sector in Mongolia, saying that the gold, copper and uranium reserves here hold much in store for them. “The mining boom that Mongolia is presently experiencing is predicted to make Mongolia’s economy the fastest growing[…..]