Saturday, 31 December 2016

THANK YOU 2016
Macro Economic News 31 Dec 2016
 


[I]  China enters storm over domestic filmmaking

[I]  Economists predict euro-dollar parity for 2017

[I]  Putin resists tit-for-tat expulsions of US diplomats

[I]  State crackdown threatens Ethiopia’s economic boom

[I]  Merkel to counter ‘terrorist hatred with unity’

[I]  Argentina braced for new battles over cutbacks

[I]  Italy urges EU states to combat fake news

[I]  UK banks in credit card and loan ‘frenzy’

[I]  Singapore fund buys into UK commercial property

 


[I]  China Faces Stiff Battle to Sideline the Dollar

[I]  Hedge Funds Bet Oil Rally to Extend Into 2017 as Output Cuts Hit

[I]  Solar Panels Now So Cheap Manufacturers Probably Selling at Loss

[I]  China Tightens Anti-Money Laundering Regulations for Banks

[I]  China to Abandon 6.5% Economic Growth Goal by 2018, SocGen Says

[I]  Bonds in India See Best Year Since 2008 on Modi, RBI Surprises

 


[I]  Post-note ban, situation largely normal: Jaitley

[I]  Modi unveils mobile payments app ‘BHIM’ to push e-transactions

[I]  Demonetisation nearly wipes out MF equity gains

[I]  April-Nov fiscal deficit hits 85.8% of full-year target; revenue deficit zooms to 98% of BE

[I]  India, Singapore rework tax treaty to curb evasion

[I]  Sowing of rabi crops up 7% over last season; continues to be higher than 5-year average

[I]  White Label ATMs can source cash from retail outlets: RBI

 


[I]  Most Asia FX set for 2016 losses; yuan depreciates most since 1994

[I]  China's yuan set to have biggest annual loss since 1994

[I]  Global M&A deal value falls to USD 3.69 trillion this year: Dealogic

[I]  Fiscal health looks up on increase in November tax collections

[I]  Forex reserves fall by $935.2 mn to $359.671 bn

[I]  India's end-Sept external debt rises to $484 bn

[I]  India, Egypt aim to boost ties in New Year after eventful 2016

[I]  Non-food credit growth slows to 4.8% in November

[I]  Advance GDP estimates likely to be off the mark: Pronab Sen

[I]  Demonetisation pushes demand for work under NREGA

[I]  India needs best global practices on arbitration: NITI Aayog member

 


[I]  Daily ATM withdrawal limit raised to Rs 4,500 from January 1

[I]  India, Singapore revise tax treaty

[I]  Benami property transactions on I-T radar

[I]  Note ban Ordinance comes into effect

[I]  Norms for options trade in commodities soon

 

Best Regards, ARBIND
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Friday, 30 December 2016

Macro Economic News 30 Dec 2016

 


[I]  State crackdown threatens Ethiopia’s economic boom

[I]  Final quarter of blockbuster deals boosts M&A activity

[I]  US mutual fund launches hit by changing landscape

[I]  Italian finance minister attacks ‘rigid’ ECB

[I]  Beijing mayor promises end to house prices rise

[I]  Switzerland moves further to end bank secrecy

[I]  Boom in cyber insurance predicted to gather pace

[I]  High hopes for tech groups’ overseas cash piles

[I]  US mortgage refinancings head for 17 year low

[I]  Chinese M&A boom faces regulatory checks

[I]  Chinese keep buying London property despite Brexit

 


[I]  Japan Wants Its Overworked Citizens to Start Weekends Early

[I]  A Year in China Markets: Yuan Down, Stocks Down, Bonds Faltering

[I]  Hong Kong to Sell First Commercial Site in Central Since 1996

[I]  RBI Warns of Stress as Indian Banks’ Bad Loans Hit 14-Year High

[I]  Standard Chartered: See China Growth at 6.6% in 2017

[I]  China to Spend $503B on Rail Expansion

[I]  China Banking Official Urges Cut to Required Reserve Ratio

 


[I]  Banks face significant stress, but stable overall: RBI

[I]  Change in fiscal year cycle unlikely before 2018

[I]  Cash crunch sows the seeds for a bitter harvest

[I]  Built-to-change companies don’t spend much time on competition: CA Tech

[I]  With exports in check, sugar import duty may not be pruned for now

[I]  India can be a world leader in algal farming, says US expert

[I]  New categories of differentiated banks under consideration

[I]  Bad loan recovery by banks down 26% at Rs. 22,768 crore in FY16

[I]  Banks told to provide additional working capital limits to micro, small units

 


[I]  Your EMIs may finally come down as govt nudges banks to cut rates

[I]  China dilutes dollar role in currency basket

[I]  Farm growth in 2016-17 to be much better than last few years

[I]  Centre charts roadmap to complete 99 irrigation projects

[I]  Government's direct tax kitty swells to Rs 5.57 lakh crore between April and December

[I]  Centre forms committee to study arbitration mechanism to settle commercial disputes

[I]  Interest rate options in India from Jan 31: RBI

[I]  Avoid excessive regulation to contain black money: RBI report

[I]  RBI asks banks to enhance working capital limit for MSMEs

 


[I]  Economists are confused, but people power behind note ban: PM

[I]  RBI raises red flag on bad loans

[I]  Finance Ministry considering debt restructuring for sugar sector

[I]  Banks added Rs 4.4 Lakh cr of fresh NPAs in 2015-16

[I]  Bank credit growth continued to decline in H1

[I]  Direct tax mop-up at 13% till Dec 19: Arun Jaitley

[I]  Corporate India's financial position remains weak

[I]  RBI's stress test shows further worsening of bank's asset quality

 

 

Best Regards, ARBIND
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Thursday, 29 December 2016

Macro Economic News 29 Dec 2016

 


[I]  Beijing tells Vatican to be ‘more flexible’

[I]  Kerry says Israel jeopardising two-state solution

[I]  Turkey and Russia draft Syria ceasefire proposals

[I]  Indian banks issue cash withdrawal warning

[I]  German states battle over tax avoidance clampdown

[I]  Hong Kong and New York battle for IPO dominance

[I]  Ukraine takes needed steps to clean up its banks

 


[I]  U.S. Stocks Drop Most Since October, Dollar Gains: Markets Wrap

[I]  No Happy New Year in China as Currency, Liquidity Fears Loom

[I]  Outrage Over the Economy Doesn’t Explain Surging Global Populism

[I]  Britons Hoard Cash as Economic Uncertainties Prompt Caution

[I]  China Fault Lines: Where Economic Turbulence Could Erupt in 2017

[I]  China’s Money Market Pain Seen Worsening as Bonds Pressured

[I]  China Banking Official Urges Cut to Required Reserve Ratio

[I]  Vietnam Defies Asia Slowdown as Economic Growth Holds Above 6%

[I]  Japan November Industrial Output Rises Most in Five Months

[I]  Japan Back in Deflation Doesn't Mean All Prices Fall

[I]  China Beige Book Shows Broad Improvement Across All Industries

 


[I]  Cabinet clears ordinance to punish holders of demonetised notes beyond March 31

[I]  Modified version of Unified Payments Interface on cards

[I]  Crusade against black money won’t end on December 30, says Venkaiah Naidu

[I]  Domestic edible oil production set to rise by 1.5 million tonnes

 


[I]  Agri ministry to use remote sensing tech to map area under potato & onion cultivation

[I]  India, Singapore DTAA amendment to modify capital gains tax exemption on cards

[I]  Government okays Rs 11,000 crore road projects for Left-wing hit areas

[I]  Cabinet approves road connectivity scheme for Maoist-affected areas

[I]  NHAI starts tender process for city Mysuru 6 lane road

[I]  RBI extends grace period for NPA classification by 30 days

[I]  India and Singapore to hold talks on tax treaty amendments

[I]  Long term effects of demonetisation 'unclear', says CDSL

 


[I]  Angel investors tighten purse strings in 2016

[I]  Panel bats for changing financial year to January-December

[I]  Demonetisation: RBI relaxes loan repayment norms

[I]  Mining should be barred in 40% of India's forests: Forest Survey report

[I]  Mumbai, Delhi see tepid direct tax collection growth

Digital-payment: CMs' panel for continuance of service tax waivers

 

 
Best Regards, ARBIND
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Wednesday, 28 December 2016

Macro Economic News 28 Dec 2016

 


[I]  Japan braces for changed landscape under Trump

[I]  Taiwan fears getting caught between US and China

[I]  Corporates lead surge to record $6.6tn debt issuance

[I]  ‘Negligible’ link found between executive pay and performance

[I]  Shaky foundation for China corporate profits growth

[I]  US workplace safety crackdown in doubt

[I]  China plans to send probes to Jupiter

 


[I]  Singapore Defaults Seen as Bellwether for Asia Distress in 2017

[I]  Singapore’s Year of Misbehaving Moneymen Puts MAS on High Alert

[I]  Fear of Trump Triggers Deep Spending Cuts by Nation's Second-Largest Union

[I]  China to Cut Solar, Wind Power Prices as Project Costs Fall

[I]  Japan Back in Deflation Doesn't Mean All Prices Fall

[I]  China Vows to Protect Information Security ‘Using All Means’

 


[I]  Modi surveys economic landscape ahead of Budget

[I]  India not to impose penal import duties on aluminium

[I]  Industry seeks govt support to boost usage of composite reinforced plastics

[I]  More than 10,000 hectare forest land diverted in 2016

[I]  Budget may have more measures to boost cashless transactions

[I]  Share of households in total deposits with banks goes up 61.5%

 


[I]  FPIs selling reaches $10 billion since November 8

[I]  PM Modi's 'reform' initiatives backfire as India outlook dents after promising start

[I]  Note ban delays National Rural Employment Guarantee Scheme payments

[I]  Adhere to monthly/quarterly expenditure plans: FinMin to ministries

[I]  MMRDA initiated Rs 80,000 crore worth projects in 2016

[I]  PM Modi lays foundation for Rs 12,000-crore Char Dham highway project

[I]  90 per cent of scrapped notes back in system, big dividend unlikely

[I]  Govt plans to launch digital payment platforms in new avatars

[I]  Economists suggest lower taxes, uniform import duty

[I]  Direct benefit transfers saved 36,000 crore in 2 years, says official

 


[I]  PM focuses on tourism, skills to boost jobs

[I]  Number of companies with 'default' debt rating doubles

[I]  States won't go back on auto tax sops post-GST

[I]  Edible salt makers in organised sector grouse at margins

[I]  Now, firms can pay employees through prepaid cards

[I]  Note ban destroyed terrorism, human trafficking, drug mafia: PM


 

Best Regards, ARBIND
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