Issue No 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
p. 02/03
Economic Diplomacy
Division
Ministry of
External Affairs
Government of India
NEWS FEATURE
Modi’s New Year-eve sops to cost over Rs 3,500 crore to economy
Prime Minister Narendra Modi’s announcements on the New Year’s Eve, including sops in housing, agriculture and for pregnant women, will cost the economy a total of over Rs 3,500 crore annually, a State Bank of
India report said.
India to be world’s 3rd assembler of iPhones
With the upcoming Bengaluru assembly plant of Apple, India will become only the third country to do the final assembly of iPhones -an indication of how important the country has become for the world’s most-valued company.
More in this section
p. 04/05
OVERSEAS INVESTMENTS
Japan to assist in making Indian cities as Smart Cities
Japan has decided to be associated with the development of Chennai, Ahmedabad and Varanasi as smart
cities. This was conveyed by Japan’s Ambassador to India Kenji Hiramatsu during his meeting with Minister
of Urban Development Shri M.Venkaiah Naidu.
World Bank’s IFC invests US$125 million in Hero Group renewable energy unit
International Finance Corp. (IFC), the private sector investment arm of World Bank, said it has invested $125
million in Hero Future Energies, the renewable energy arm of the Hero Group, for an undisclosed equity stake.
More in this section
p. 06/08
TRADE NEWS
India, Singapore revise tax treaty
The government signed a pact with its Singapore counterpart, amending their decade-old tax treaty, gaining
taxation rights over capital gains.
More in this section
p. 09/10
SECTORAL NEWS
Aadhaar-based app launched to simplify digital payments
Prime Minister Narendra Modi launched an Aadhaar-based mobile payment application called
BHIM (Bharat Interface for Money).
More in this section
p. 11/13
NEWS ROUND-UP
India an innovation hub for Microsoft
India is a hotbed of research and development (R&D) activity for Microsoft. Other than its local data centres, cybersecurity and Smart City initiatives, the country is home to Microsoft Research India, (MSR India), which was
established in January 2005 in Bengaluru.
More in this section
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
2
>> NEWS FEATURE
Modi’s New Year-eve sops to cost over
Rs 3,500 crore to economy
Prime Minister Narendra Modi’s announcements on the New Year’s Eve, including sops in housing, agriculture and for pregnant women, will cost the economy a total of over Rs 3,500 crore annually, a State Bank of India report said.
“The overall fiscal impact of all these measures will
be around Rs 3,500 crore per year,” State Bank of
India’s (SBI) Ecowrap report read.
Modi announced two housing schemes in urban
areas for persons of economically weaker section
(EWS) or low income group (LIG) with income up to Rs
6 lakh, which will cost Rs 1,000 crore per year, the report said.
The scheme for financial assistance to pregnant
women, wherein Rs 6,000 will be transferred directly
to the bank accounts of these women, will cost Rs
1,200 crore to the government.
The relief measure for farmers, which will exempt
the loans for Rabi crop from interest for a period of 60
days, will put a burden of Rs 1,300 crore on the government.
Modi also announced a scheme for senior citizens, under which they will receive a fixed interest rate of 8 per cent for a period of 10 years on deposits up to Rs 7.5 lakh, and the interest amount can be paid monthly.
The report said that the senior citizens’ scheme should be tweaked further to improve financial security.
“Though the scheme is laudable, it may be tweaked further. The lock-in period of 10 years is quite a long span of time in
the case of senior citizens, given the life expectancy of around 68 years in India.”
“We suggest that the lock-in period should be at most five years rather than 10 years,” the report stated.
“The rate of interest should be a minimum of 8 per cent or whatsoever prevailing in the market with a defined upper
bound,” it suggested.
The report further said that a maximum deposit limit should be Rs 15 lakh, instead of the proposed Rs 7.5 lakh.
“On the basis of Rs 7.5 lakh deposits, the monthly interest payout will be around Rs 6,000, which may be a negligible
amount to manage the day-to-day activities,” it added.
Source: Indo-Asian News Service
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
3
>> NEWS FEATURE
India to be world’s 3rd assembler of
iPhones
With the upcoming Bengaluru assembly plant of Apple, India will become only the third country to do the final assembly of
iPhones -an indication of how important the country has become for the world’s most-valued company.
Apart from one assembly facility in Brazil, all of
Apple’s assembly units for its bestselling product are
in China.
Apple uses a global and fairly complex supply
chain.The parts for the iPhone, iPad, iPod and Mac are
manufactured, mostly by third parties, across 28 countries. It has 766 suppliers, of which 346 are based in
China, 126 in Japan, and 69 in the US. There is one in
India -in Sriperumbudur in Tamil Nadu. That’s a unit of
Flextronics. But it’s not clear what the unit makes.
Some parts made by these suppliers are sub-assembled in certain locations. All the sub-assembled
units and other parts are brought together for final assembly in either China or Brazil in the case of iPhones.
For the Apple Mac, the final assembly happens in
China, US, and Ireland -the last of these is Apple’s own
facility -and for the iPod, China is the only final assembly location.
With India becoming one of the world’s biggest smart of the world’s biggest smartphone markets and one of iPhone’s
fastest growing markets, Apple has decided to assemble the iPhone here.As TOI reported last week, Taiwan’s Wistron, one of
Apple’s suppliers and assemblers, will set up a facility in Bengaluru’s industrial hub of Peenya for the purpose.The products
from this facility are expected to be available in the domestic market towards the end of next year.
Wistron has three supply facilities for Apple and an iPhone final assembly unit in China.
“An assembly unit does not require big investments,” said Jaipal Singh, market analyst at research firm IDC. He said this
has been a strategy that all Chinese handset manufacturers have followed in India over the past couple of years.
“Labour in India is cheaper than in China. It makes sense to grow the Indian market by establishing a domestic plant,” he
added. Analysts said the unit would also manufacture for exports over time.
Data from Hong Kongbased Counterpoint Technology Market Research showed Apple sold 2.5 million iPhones in India
from October 2015 to September 2016, a rise of more than 50 per cent over the year-ago period. Apple India clocked robust
sales touching Rs 9,997 crore in the 2016 financial year, up 56per cent from Rs 6,472 crore in the year before.
iPhones are expensive, but with a local assembly unit, some analysts believe, Apple can avoid import tariffs and cut the
iPhone price by around 15 per cent, allowing it to expand the market.
Apple CEO Tim Cook recently said India’s low percapita income would not become an impediment in growing Apple’s market share in the country . More than 50% of Apple’s sales in India are contributed by older models which become cheaper
once newer models are launched, indicating the brand’s aspirational value.Apple has around 40-45% market share in India’s
premium phone segment.
Source: The Times of India
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
4
>> OVERSEAS INVESTMENT
Japan to assist in making Indian cities as
Smart Cities
Japan has decided to be associated with the development of Chennai, Ahmedabad and Varanasi as smart cities. This was
conveyed by Japan’s Ambassador to India Kenji Hiramatsu during his meeting with Minister of Urban Development Shri
M.Venkaiah Naidu.
Mr.Hiramatsu further said that Japan is quite interested in urban development initiatives of the Government of India and decided to be a partner.
Responding to Shri Naidu’ observation about the
need for speedy action, Japan’s Envoy said “We would
like to match the action oriented approach of the Government under Prime Minister Shri Modi”. Both of
them discussed growing cooperation between the two
countries further to the last meeting between the
Prime Ministers of the two countries.
High Commissioner of United Kingdom Mr.Dominic
Asquith also met Shri Venkaiah Naidu and discussed
converting into action the MoU signed between the
two countries during the recent visit of British Prime Minister to India Ms.Teresa May, on cooperation in urban development
sector. He said institutionalizing Government to Government cooperation for smart city development has huge potential.
So far, leading countries have come forward to be associated with development of 15 smart cities. These include: United
States Trade Development Agency (USTDA) –Visakhapatnam, Ajmer and Allahabad, UK-Pune, Amaravati(Andhra Pradesh)
and Indore, France-Chandigarh, Puducherry and Nagpur and Germany –Bhubaneswar, Coimbattore and Kochi.
Source: Press Information Bureau
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
5
>> OVERSEAS INVESTMENT
World Bank’s IFC invests US$125 million
in Hero Group renewable energy unit
International Finance Corp. (IFC), the private sector investment arm of World Bank, said it has invested $125 million in Hero
Future Energies, the renewable energy arm of the Hero Group, for an undisclosed equity stake.
IFC, together with IFC Global Infrastructure Fund, a
private equity fund managed by IFC Asset Management Company, will invest $125 million in equity, enabling Hero Future to set up 1 gigawatt (GW) of
greenfield solar and wind plants over the next 12
months across India, it said in a statement.
The investment will help the Hero Future Energies
expand its renewable energy capacity, the statement
said. IFC had disclosed in August that it has initiated
discussions for making the investment in the renewable energy firm.
An IFC spokeswoman declined to share how much
equity stake the private sector investment arm of the
World Bank holds in Hero Future.
Hero Future has a target of reaching 2.7 GW in renewable energy capacity by 2020. It is led by chairman and managing director Rahul Munjal, and has a presence in 12
states in India with a capacity of over 360 megawatt (MW) across solar, wind and rooftop installations.
“This partnership will fuel our ambitions to tap into the incredible opportunity that lies in both domestic and overseas
markets as well as new technologies namely storage, hybrid projects among others,” said Sunil Jain, chief executive officer,
Hero Future Energies.
India’s growing energy sector requires $250 billion in investments to reach its target of setting up 100 GW of solar and
60 GW of wind energy capacity by 2022. A large number of overseas investors including Japan’s SoftBank Group and Fortum Oyj of Finland, besides pension funds and infrastructure-focused funds, have already invested in the sector.
IFC is one of the early investors in India’s renewable energy sector, beginning 2009. Its portfolio companies have set up
over 3 GW of different forms of renewable power projects in the country. Its advisory team is helping Madhya Pradesh set
up a 750-MW solar-power project in Rewa, which will be the largest single-site solar plant in the world when completed.
India is IFC’s top country by exposure. Its committed portfolio in India is over $5 billion as of 30 June 2016. In FY16, IFC
committed $1.1 billion in new investments in the country. “In addition to strengthening local capital markets in India, IFC is
focused on boosting financing in infrastructure and logistics, promoting financial inclusion, helping create conditions to attract increased private capital, and helping structure public-private partnerships,” the statement said.
Source: Livemint
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
6
>> TRADE NEWS
India, Singapore revise tax treaty
The government signed a pact with its Singapore counterpart, amending their decade-old tax treaty, gaining taxation
rights over capital gains. This is the third double taxation avoidance agreement (DTAA) amended so far this financial
year with a zero or low tax jurisdiction. The other two were with Mauritius and Cyprus.
According to tax consultants, Mauritius would be the most
attractive source of investments into India for debt funds and
Singapore for equity investments.
Mirroring the revised India-Mauritius DTAA, the government
has some grandfathering provisions (having the old rule continuing to apply for some existing situations, with the new one
for all future cases) and a two-year transition benefit to investments from Singapore.
The revised pact will take effect from April 1, 2017. For two
years from that date, capital gains tax will be imposed at 50
per cent of the prevailing domestic rate. The short-term rate is
15 per cent at present. The full rate will apply from April 1,
2019.
“2016 has been historic, with all three tax treaties
amended… The treaties were misused to round-trip domestic black money and bring it back to India through these
routes. There has been a significant battle by India against black money. It is a happy coincidence that by amending
these treaties, there has been a burial to the black money route that existed,” said Finance Minister Arun Jaitley on the
revised DTAA.
Mauritius and Singapore are the top two sources for foreign direct investment to India, about half of the total direct
flow. Total FDI from Mauritius over the past decade and a half is $95.9 billion. That from Singapore is $45.8 bn The concessional rate of 50 per cent would be subject to fulfilment of conditions of Limitation of Benefit (LOB), an expenditure of
at least Rs 50 lakh in Singapore in the previous financial year. It is Rs 27 lakh in the case of Mauritius.
“The Singapore route was widely used for treaty shopping. Investors were used to create shell companies, claiming it
to be a resident of Singapore. This loophole has been plugged, to cover for revenue loss and black money via this route,”
said Rakesh Bhargava, Director, Taxmann.
The rate of withholding tax on interest for Singapore has been retained at 15 per cent, as against 7.5 per cent in the
case of Mauritius, making the latter a preferred source of investment into India by debt funds.
Source: Business Standard
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
7
>> TRADE NEWS
India to double power trade with Nepal
India is laying more power transmission lines to Nepal to more than double its 320 mega watt (MW) power sales to
Kathmandu and will look at importing power from there after some of its ongoing hydel projects lead to surplus capacity, the power ministry said.
Adding transmission infrastructure in neighbouring countries like Bangladesh, Bhutan, Myanmar and Nepal is part of
India’s efforts to increase cross-border electricity trade and
energy security.
A power ministry statement said Power Grid Corp. of India
Ltd had assisted Nepal in preparing its short-to-long term
electricity plan and accordingly, a number of high-capacity
cross-border lines are being drawn.
“Initially, these interconnections would be utilized to transfer power from India to Nepal and later with the development
of hydro projects in Nepal, these links would be utilized for
transferring surplus power from Nepal to India,” said the statement.
From 1 January 2017 India will supply an extra 80MW to Nepal through the Muzaffarpur-Dhalkebar transmission line,
taking its total supply to 400 MW. Expected opening of substations in Dhalkebar will lead to increase in power transfer
to Nepal initially by 150 MW and subsequently by 300-400 MW, said the statement. Earlier this month India notified
guidelines for cross-border power trading.
Source: Livemint
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
8
>> TRADE NEWS
India’s spices exports grow 7% in value in
fist half of FY17
Boosted by large shipments of chilli, nutmeg, mace, cumin and garlic, spices exports from India grew 5 per cent in volume and 7 per cent in value in the first half of 2016-17 from a year ago.
Export of spices rose to 4,37,360 tonnes valued at Rs 8415.97 crore in first half of 2016-17 compared with 4,14,780
tonnes worth Rs 7892.65 crore in the first half of last year.
Chilli became the most exported spice for the six-month period with the shipment of 1,65,000 tonnes, fetching Rs 2307.75
crores.
Garlic exports contributed substantially to the overall
growth during the period, after rising 132 per cent in value
terms and 55 per cent in quantity.
The exports of nutmeg and mace grew by 81 per cent in
quantity as compared to last year and saw a 69 per cent increase in value.Cumin exports rose by 49 per cent to 68,600
tonnes, as compared to 45,894 tonnes during the same period
in the previous year.
Turmeric,, apart from fennel and celery, also contributed
significantly to the total spices exports during April-September 2016. The export of value-added products like curry powder and paste as well as spice oils & oleoresins also increased during the period, according to data released by Spices Board
Source: The Economic Times
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
9
>> SECTORAL NEWS
Aadhaar-based app launched to simplify
digital payments
Prime Minister Narendra Modi launched an Aadhaar-based mobile payment application called BHIM (Bharat Interface for
Money).
On day 50 of the window provided by the government to citizens to exchange or deposit old currency notes of Rs 500
and Rs 1,000 denominations, the Prime Minister at
a ‘Digi Dhan Mela’ event in the capital, asked citizens to make at least five digital transactions, so
as to understand the concept behind e-payments,
and then use it extensively.
“Download it on a smartphone or on a feature
phone. It is not necessary to have the internet for
this app. In the next two weeks, one more work is
being done, which will increase the power of BHIM
so much that you would be able to withdraw
money even with your fingerprints,” he said.
BHIM is a biometric and rebranded version of
UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data). It is expected to minimise the role of plastic cards and point-of-sale machines, once believed essential for a less-cash society.
“In two weeks, we will make one more accomplishment; its security is being worked on. It will empower BHIM; you’ll
only require your thumb to pay,” said Modi. He added this app would empower the poorest of the poor, with the thumb
becoming the new identity.
The app is supposed to aid in digital payments of people who have a bank account but either do not have debit or
credit cards or are unable to use these. At present, it is available only on the Android mobile operating system. It can be
downloaded by merchants and used with a biometric reader, currently available for Rs 2,000. A customer only needs to
use his or her fingerprint to pay from an Aadhaar-linked account.
The app would eliminate the fee payments for service providers like card companies such as MasterCard or Visa.
Jump in digital payments
Digital payment channels, such as mobile wallets, USSD and RuPay, have seen a massive uptake and rise in transactions with the demonetisation drive.
According to government data, the number of USSD transactions saw a 5,135 per cent jump, from 97 such deals a day
on November 8 to 5,078 on December 25.
The value of transactions on USSD -- mobile short code message, used mainly for banking services on feature phones
-- during the same period grew 4,061 per cent, from Rs 1 crore a day to Rs 46 crore on December 25.
Source: Business Standard
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
10
>> SECTORAL NEWS
Agri sector offering greater employment
opportunities: Minister
Union Agriculture Minister Radha Mohan Singh said that newer developments in the agriculture sector have led to
greater employment opportunities for skilled youth in various segments.
These fields are agri-warehousing, cold chains, supply chains, dairy, poultry, meat, fisheries, horticulture, agricultural
mechanisation and micro-irrigation, he said.
“The youth is benefiting from these opportunities. Self-employment opportunities have also increased in these fields, which require skilled
youth,” a release quoted Singh as saying at ‘National Workshop on Skill Development in Agriculture’ here.
The minister added that operations are being
conducted at four stages in the ministry in this regard.
He said that particular emphasis is being given
to enhancement of productivity, post-harvest management, better return of farmers’ produce and
decrease in agriculture-related risks.
Another stage is being created to enhance the
income of farmers through resources relating to horticulture, livestock, fisheries and bee-keeping, among others, Singh
said.
Speaking on the occasion, Union Minister of State for Agriculture Sudarshan Bhagat said that the central government
is fully committed to providing skill development training to the youth of rural areas.
He hoped that the states would extend their full support to the Centre in this effort, the release added.
Source: Indo-Asian News Service
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
11
>> NEWS ROUND UP
India an innovation hub for Microsoft
India is a hotbed of research and development (R&D) activity for Microsoft. Other than its local data centres, cybersecurity and Smart City initiatives, the country is home to Microsoft Research India, (MSR India), which was established in
January 2005 in Bengaluru.
The other unit—Microsoft India (R&D) Pvt. Ltd set up its India operations in Hyderabad in 1998. Over the past 18+
years, it has expanded to become one of Microsoft’s
largest R&D centers outside its headquarters in Redmond.
MSR India does work around three major areas, said
Sriram Rajamani, managing director of Microsoft Research India Lab. “The first is the ‘Theory and Algorithm’ group that does fundamental work with big data
clients, which results in very innovative and novel machine learning algorithms. Then we have the ‘Systems’
group which does a lot of work in security, privacy, etc.
Third, we have the ‘Technology for Emerging Markets’ group that studies the role of technology in socioeconomic development, which does a lot of work
around societal problems in healthcare, education and
agriculture. This group does a lot of deployments as pilots in India too,” says Rajamani.
Similarly, Microsoft’s India Development Centre (IDC) is part of global centres in Microsoft. “The aim is to work on
both global engineering solutions and problems related to India,” says Anil Bhansali, managing director of Microsoft India
(R&D) and General Manager, Cloud and Enterprise, MSIDC.
For instance, when the Andhra Pradesh government wanted to examine the reason why children drop out of school, in
a bid to stop the trend, it took the help of Microsoft researchers to build machine learning models based on data being
collected on student enrolment to predict drop outs.
This was done by applying machine learning and advanced visualization techniques that take into account multiple
data points, including a student’s board exam performance, post-exam enrolments, school facilities, and teachers’ abilities and skills. This solution, according to Rajamani, has been taken to 10,000 government schools across Andhra
Pradesh. “The interface also allows officers to counsel students accordingly,” he says.
Microsoft also partnered with the LV Prasad Eye Institute (LVPEI) to create an eye-care solution that successfully predicts the outcome of eye surgeries and improves treatment. Using EyeSmart—an ophthalmic electronic medical record
and hospital management system—and Microsoft Azure, LVPEI has registered over 400,000 new patients digitally.
In another such instance, Microsoft partnered with the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), a United Nations agency, to analyse volumes of data on weather forecasts, local rainfall and soil conditions. The data, according to Bhansali, was analysed to develop a “Sowing Date” application that tells farmers the right
sowing date to maximize their yield. Access to this platform for farmers was simplified by providing information to farmers via SMSes in Telugu.
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
12
>> NEWS ROUND UP
99DOTS, funded by the Bill and Melinda Gates Foundation, USAID, and UKAID, is another case in point. Incubated at
Microsoft Research India, Everwell Health Solutions—a healthcare technology start-up based in Bangalore—has been
developing and deploying 99DOTS for the past three years.
99DOTS is a technology-enabled project focusing on medication adherence for anti-tuberculosis drugs. Treatment
programmes wrap each medication pack in a custom envelope, which hides phone numbers behind the medication. Patients can only see these hidden numbers after dispensing their pills. After taking daily medication, patients make a free
call to the hidden phone number.
The combination of the call and patient’s caller ID yields high confidence that the dose was “in-hand” and they took
the dose. Patients receive a series of daily reminders (via SMS and automated calls). Missed doses trigger SMS notifications to care providers, who follow up with personal, phone-based counselling. Real-time adherence reports are also
available on the web.
The R&D challenge, as Bhaskar Pramanik, chairman of Microsoft India puts it, is to develop products and services
“that have a global footprint and also work in emerging countries like India”.
Source: Livemint
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
13
>> NEWS ROUND UP
Isro to launch record 103 satellites in
one go in February
Isro will launch a record 103 satellites in one go using its workhorse PSLV-C37 in the first week of February, while Prime
Minister Narendra Modi’s pet South Asian satellite project will take off in March.
As many as 100 of the satellites set for launch in February belong to foreign nations, including the US and Germany.
“We are making a century by launching over 100 satellites at one go,” said S Somnath, Director of the Liquid Propulsion Systems Centre of the Isro. The space agency had
earlier planned a launch of 83 satellites in the last
week of January, of which 80 were foreign ones. But
with the addition of 20 more foreign satellites, the
launch was delayed by a week and will now take place
in first week of February, Somnath said.
He, however, did not specify the number of countries
that would launch its satellites in this mission, but said
it includes nations like the US and Germany.
“These will be 100 micro-small satellites, which will
be launched using a PSLV (Polar Satellite Launch Vehicle)- C37. The weight of the payload will be 1350 kgs,
of which 500-600 kgs will be the satellite’s weight,”
Somnath added.
The launch will be a major feat in country’s space history as no exercise on this scale has been attempted before.
Last year, Isro launched 22 satellites at a go and this launch will have almost five times the number of crafts.
The South Asian satellite will be a part of GSAT-9, which will be launched in March this year, said M Nageshwara Rao,
associate director of Isro.
The communication satellite was to be launched in December 2016, but was slightly delayed as some other satellites
are to be launched before that.
Sources said talks with Afghanistan to have the country on-board for the project is in its final stages.
Envisaged as a gift to its neighbours, the project, earlier known as SAARC satellite, faced stiff resistance from Pakistan. The neighbouring country wanted it to be launched under the aegis of the South Asian regional forum. It later
backed out of the project.
Apart from India, the satellite will benefit Sri Lanka, Maldives, Bangladesh, Nepal and Bhutan.
Source: Press Trust of India
Mining Opportunities
)()5%7-21 2* 1(-%1 ',%0&)56 2* '200)5')
1(8675<
%/21+
:-7, 7,) -1-675< 2* !7))/ -6 25+%1-=61+ 7,) 7,-5( );,-&-7-21 2*
!"
*520 35-/
%7 80&%- ;,-&-7-21 )175)
80&%",) );,-&-7-21 '80 '21*)5)1') :-// 3529-() % 3/%7*250 72 %// 7,)
%57-'-3%176 )/)+%7)6 86-1)66 #-6-7256 %1( 27,)5 .)< ()'-6-21
0%.)5 *520 7,) !7))/ %1( 27,)5 5)/%7)( -1(8675< 72 -17)5%'7 :-7, %1(
);3/25) 1): &86-1)66 %9)18)6
SHOW HIGHLIGHTS
1) 2* 7,) *2'86)( );,-&-7-21 '80 '21*)5)1') 21 !7))/ -1 1(-%
648%5) 0)7)56 2* );,-&-7-21 %5)%
6 281( "%&/)
-9) ()021675%7-21 72 6,2:'%6) 7,) )48-30)176 :-7, /%7)67
7)',12/2+-)6
25) 7,%1
);,-&-7256 %'5266 7,) 67))/ 6)'725
21'855)17 '21*)5)1') :,-', :28/( ,%9) &5%-167250-1+ 6)66-216
21 9%5-286 %63)'76 2* 67))/
17)51%7-21%/ 28175< %9-/-21
)7:25.-1+ 23325781-7-)6 72 ,)%5 *520 %1( 0))7 .)< +29)510)17
5)+8/%7256 &27, (20)67-' %1( 17)51%7-21%/
#-6-725 *520 352(8')5 86)5 %1( 5%: 0%7)5-%/ 6)+0)17 /-.)
216758'7-21 1(8675<
%-/:%<6
87202&-/) 1(8675< !,-3
8-/()56
2%( %1( "5%1632576 2576 /%17 %1( %',-1)5<
%18*%'785)56 -1-1+ )7'
WHY VISIT?
)7:25. :-7, /)%(-1+ -1(8675< 3/%<)56 *520 1(-%
()17-*< 1): 6285'-1+ ()67-1%7-216
17)5 -1 86-1)66 "5%16%'7-216
17)5%'7 $-7, )%(-1+ 17)51%7-21%/ 203%1-)6
-1( %&287 6285')6 2* -19)670)176 *81(-1+
!,%5) .)< .12:/)(+) %1( 1): 7)',12/2+-)6
))7 *%') 72 *%') :-7, );-67-1+ %1( 1): 327)17-%/ &86-1)66
ADVANTAGE INDIA
1(-% -6 7,) :25/( 6 7,-5( /%5+)67 352(8')5 2* '58() 67))/ %1( -6
);3)'7)( 72 &)'20) 7,) 6)'21( /%5+)67 352(8')5 &<
!7))/ 352(8'7-21 -1 1(-% ,%6 -1'5)%6)( *520 0-//-21 7211)6 07
-1
72
07 -1
:-7, 7,) '%3%'-7< &)-1+ -1'5)%6)(
*520
07 -1
72
07 -1
",) 67))/ 6)'725 '2175-&87)6 1)%5/<
2* 7,) '28175<>6
%1(
)03/2<6 29)5 /%., 3)23/)
",) 3)5 '%3-7% '2168037-21 2* 727%/ *-1-6,)( 67))/ -1 7,) '28175<
,%6 5-6)1 *520 .+ -1
72 %&287
.+ -1
",) 0267 -03257%17 %63)'7 *25 7,) 1(-%1 !7))/ -1(8675< -6 7,) ,8+)
%9%-/%&-/-7< 2* .)< 5%: 0%7)5-%/ - ) -521
Ministry of Steel
Government of India
::: -1(-%67))/);32 -1
Issue no 709 I January 3-9, 2017
WEEKLY
ECONOMIC
BULLETIN
DISCLAIMER
This newsletter is compilation
of news articles from various
business-e-newspapers and in
no way is an endorsement
or reflection of
Ministry of External
Affairs views.
Designed & Developed by
IANS Publishing