With half-hearted restrictions on Dollar flows talking of Capital controls and engendering a Rupee ‘addition’ to the value of the Dollar and European Banks getting free after a couple of years in Capital wilderness, India could be a bigger part of Asia when Banks get into a new bout of short term credit , not
The Indian Services GDP is probably in threat as India loses its leadership of the incipient global Services sector growth, where it now enjoys a barely positive PMI at 52 after a big slide from 54 in October and instead the remaining almost vestigial 18% of Indian GDP that is manufacturing has taken pride of
Though the SGX Nifty has factored in all weekend heebie jeebies into the opening price, the increase in Volatility on Friday to 26-27 would indicate a likely rush to reach the “ultimate bottom” and shorts on Nifty seem to be controlled and careful while the buyers have been out in full strength at these prices
Capital Goods production came at 10.6% , Electricity came at 8% but Composite IIP came at 4.1% up from less than 2% in January(1.14%) with Manufacturing at 4% overall. IIP is still at the lower end of the possible range. Janiary was revised down from 6.8% on sugar production data Capital Goods and Electricity are
Well, i understood it thus. There were first the Anti avoidance rules called the GAAr rules which were intended to catch those who benefit from the treaty in Mauritius without belonging to Mauritius per se , with a token presence not backed by assets or business i.e. Offshore investors. These offshore investors have been targeted.
The used car market in India has matured in the last two decades with ready company owned used car operations from Hyundai, local franschised multi store (warehouse) operators like Classic Cars and even multi brand all purpose car repair chains from Carnation. The current story in the papers of course is the DNA money story