WITH THIS FESTIVAL OF LIGHTS BRINGS WEALTH OF HEALTH, HAPPINESS AND HARMONY ALL AROUND YOU. HAPPY NEW YEAR.

Macro Economic News 29 Oct 2016

 

FINANCIAL TIMES

[I]  Deal to create vast Antarctic marine park

[I]  Belgian regions agree to back EU-Canada trade deal

[I]  US economy bounces back with 2.9% growth in Q3

[I]  Japanese core inflation hits 3-year low

[I]  Beijing missile makers cash in on regional wars

[I]  The cost of the Fed’s scare story on commodities

 

BLOOMBERG 

[I]  Myth, Money and Majesty: Inside India's Festival of Lights

[I]  German Bonds in Worst Month Since 2013 Amid Global Selloff

[I]  Singapore’s Mall Vacancies Jump to Highest Level in a Decade

[I]  Putin Says U.S. Isn’t Banana Republic, Must Get Over Itself

[I]  U.S. Economic Growth Rebounds on Inventory, Export Boost

[I]  Clothing Keeps Getting Cheaper, and Factory Workers Are Paying the Price

[I]  Halloween Candy Sales Are Sending Good Economic Signals

[I]  India Scours Globe for Bargain LNG as Domestic Plants Idle

 

BUSINESS LINE

[I]  Govt may do away with some indirect tax exemptions in Budget 2017-18

[I]  Has ethical medicare lost its way in India?

[I]  Civil nuke deal on the cards during Modi’s visit to Japan next month

[I]  IT spending in banking, securities to reach $7.8 bn in 2017

[I]  AIF investments cross Rs. 24,800-cr mark in Q2

 

ECONOMIC TIMES

[I]  India's forex reserves rise $1 billion to $367.14 billion

[I]  India ranks poorly in Commonwealth youth index

[I]  Relief for consumers as food prices ease, finally

[I]  Struggling Indian savers threaten PM Narendra Modi's growth ambition

[I]  Money matters! It's high time you earned enough revenue: Modi government to IITs, IIMs

[I]  Government to fix minimum wage rate; farm worker to get Rs 350 a day

[I]  Benami Property Act to be effective from Nov 1

[I]  Government weighs further FDI relaxation in select sectors

 

BUSINESS STANDARD

[I]  E-commerce turns to railways to reach 500 million users

[I]  Shift to MCLR regime helps banks pass on rate cuts

[I]  RBI introduces IRFs on money market instruments

[I]  Govt can't bring judiciary to a grinding halt: Supreme Court

 

 

Best Regards, ARBIND

Macro Economic News 28 Oct 2016

 

FINANCIAL TIMES

[I]  China signals return to strongman rule

[I]  UK growth confounds gloomy predictions

[I]  Rome pleads to EU for leeway on earthquake spending

[I]  Iran accuses Europe of stalling on nuclear deal

[I]  Spain unemployment below 20% for first time in 6 years

[I]  Europe’s investment banks: down, but not yet out

[I]  ABB says Brexit vote has ‘massive’ impact on deals

[I]  US real estate sector hit by soaring bond yield

[I]  Global bond yields climb to multi-month highs

 

BLOOMBERG 

[I]  China's Leaders Weigh Private Sector Opening

[I]  Investing in Australia? Watch Out for Oligarchs

[I]  Bonds Selloff Deepens as Japanese Stocks Buoyed by Weaker Yen

[I]  Japan Consumer Prices Keep Falling, Household Spending Slips

[I]  Banks Likely to Lose Passporting With Brexit, Official Says

[I]  China's Millennials Are Risk Takers - and They're Dreaming Big

[I]  China Steps Up Yuan Rhetoric as Currency Falls to Six-Year Low

 

BUSINESS LINE

[I]  Asia has higher growth potential than rest of the world, says Jaitley

[I]  Centre denies arm-twisting States to reduce MGNREGA demand

[I]  ‘10-year bond yield may drift to a new low by year-end’

[I]  India overusing natural resources by 70%, says WWF report

 

ECONOMIC TIMES

[I]  Decks cleared for strategic sale! Govt okays plan to exit sick PSUs, subsidiaries

[I]  Rubber production rises 10% in six months

[I]  China warns of impact on India-bound investments from boycott

[I]  FDI regime yet to take off pending the changes in foreign exchange laws

[I]  Union Cabinet approves stock limit on sugar extended by 6 months

[I]  India looks to cut tariff concessions on Chinese goods

[I]  Universal Basic Income could actually work better in India than in rich countries

 

BUSINESS STANDARD

[I]  Bad loans: Bankers shift focus to resolution from recognition

[I]  Rural revival raises its head in demand for automobiles

[I]  RBI spells out rules for start-ups to raise ECBs

[I]  PM asks secys to form 10 new sector-specific groups

[I]  Five developers seek government nod to set up new SEZs

[I]  India must rapidly urbanise over next two decades: Arun Jaitley

[I]  Banking Round Table: 'Asset sale of Rs 1.5 lakh crore in the last two years'

[I]  Bankers agree to unite against cyber threats

 

Best Regards, ARBIND

Macro Economic News 27 Oct 2016

 

FINANCIAL TIMES

[I]  BoE seeks details of UK exposure to Deutsche Bank

[I]  Switzerland enjoys negative interest rates windfall

[I]  Merkel to soothe pensioners ahead of 2017 poll

[I]  Pension cash to flood into China equity market

[I]  US spy chief admits North Korea policy has failed

[I]  Wall Street cautious after disappointing earnings

[I]  Junk bond valuations look stretched

[I]  Argentina’s debt bonanza raises risks

[I]  European equities face up to risk of ‘hard Brexit’

 

BLOOMBERG 

[I]  Dollar Near Three-Month High Versus Yen on Rate Hike Optimism

[I]  OPEC May Need Help to End the Global Glut of Oil

[I]  London House Prices Forecast to Plunge as Brexit Chokes Market

[I]  Asia’s Strongest Currency Adds to Challenges Facing Thailand

[I]  Russia, India Deepen Friendship Over Missiles and Submarines

 

BUSINESS LINE

[I]  India, New Zealand see big potential to expand bilateral, commercial ties

[I]  Amid sluggish sales, realty firms pivot to invest in start-ups, early-stage outfits

[I]  As groundnut drops below MSP, farmers in Gujarat turn jittery

[I]  With solar boom, renewable sector doubles new capacity in first half

[I]  Life span numbers show geography is history

[I]  India, Iran move closer to conclude gas field deal

 

ECONOMIC TIMES

[I]  Know why global funds are pulling out investments from Indian cos

[I]  India Inc attracting global investors with high-yield bonds

[I]  Mis-hiring at top management levels on the rise globally

[I]  Indian companies not adhering to environment guidelines could be snubbed by global investors

[I]  India’s engineering exports are fast losing a huge Chinese market

[I]  Gender parity: Despite 21-place jump, India at a lowly 87

[I]  Resolve core issues, not just financials: Industry

[I]  Accept Rs 500/1,000 notes only after careful scrutiny: RBI

[I]  RBI probably cannot bring down inflation to 4 per cent sustainably: Report

[I]  Not discouraged by one spot jump in ease of biz rankings: Government

[I]  Ease of doing business: Nirmala Sitharaman says disappointed at low rank

 

BUSINESS STANDARD

[I]  Start-up investment down 18% this year

[I]  Office demand to outstrip supply in tech hubs: Study

[I]  If done properly, India could have a thriving Reit market: Sachin Doshi

[I]  Cabinet to take up divestment proposals today

[I]  Jaitley prefers cess for compensating states

[I]  7.8 mn new I-T assessees added in two years

[I]  India revises DTAA with S Korea; capital gains to be taxed at source

[I]  Aadhaar could also be a security feature to check data theft: UIDAI

 

Best Regards, ARBIND

Macro Economic News 26 Oct 2016

 

FINANCIAL TIMES

[I]  China tech groups to share data in anti-fraud drive

[I]  Global power markets transformed by renewables

[I]  ECB needs beer and bratwurst to win over business

[I]  Draghi hits back at critics of QE and negative rates

[I]  Cyprus reunification talks reach critical stage

[I]  Ethiopian unrest triggers collapse in tourism

[I]  Ceta failure will undermine EU trade policy

[I]  China orders regulators to curb property lending

[I]  Don’t count on Asian junk debt when Fed storm hits

[I]  India and China’s love for gold changes direction

 

BLOOMBERG 

[I]  Consumer Companies Raise Doubts on Economy as U.S. Stocks Slide

[I]  Ratings Inflation Is Back, Subprime Style

[I]  Consumer Companies Raise Doubts on Economy as U.S. Stocks Slide

[I]  New Zealand Dethrones Singapore as Easiest Place to Do Business

[I]  Australia Consumer Prices Rise Faster Than Forecast

[I]  China's Banks Are Running Out of Ways to Keep Profits Growing

 

BUSINESS LINE

[I]  Doing Business: Govt peeved that key reforms were ignored

[I]  FinMin scraps Mid-year Review in rush for Budget

[I]  Lack of transparency the biggest governance issue

[I]  Bankruptcy and insolvency regime likely to be operational by year-end

[I]  It may be a while before Govt’s plan to build fighter jets in India takes off

[I]  CBDT issues draft valuation norms for charitable trusts

 

ECONOMIC TIMES

[I]  Govt targets 50% jump in pulses output by in four years

[I]  Labour trouble may deter China's investments to India: Report

[I]  India up just one spot in ease of doing business; ranks 130 out of 190 countries

[I]  Indian economy can reach USD 6-8 trillion mark in 15 years: Arvind Panagariya

[I]  Curbs on big lending may squeeze infrastructure and defence

[I]  Government firm on multiple rates and cess on luxury goods under goods and services tax

[I]  Niti Aayog’s three year action plan to start from 2017-18: Arvind Panagariya

[I]  Government has strategic control; no threat to tax data: GSTN Chairman

[I]  Recommendations on free data architecture soon: TRAI

[I]  Bankruptcy & Insolvency law may be operational by year end: Shaktikanta Das

 

BUSINESS STANDARD

[I]  Power gencos face penalty as coal demand hits a low

[I]  DoT panel to look into Trai's proposal of penalty on telcos

[I]  Media revenues to reach Rs 1,31,000 cr in '16: Study

[I]  India up 21 places in WEF gender gap report

[I]  Majority of Indian companies voluntarily reduce emissions : Report

[I]  FinMin looks at cut in corporation tax

[I]  Govt sources say cess is a better option than high tax rate

 

Best Regards, ARBIND