Saturday 24 December 2016

Macro Economic News 24 Dec 2016

 


[I]  Putin expresses hope for better Russia-US relations

[I]  Shopping boom averts Brexit vote hit to economy

[I]  US abstains as UN condemns Israeli settlements

[I]  US defence sector learns to live with Trump’s tweets

[I]  Banks add spice to year’s No (and Yes) questions

[I]  European banks on track for best quarter since 2009

[I]  Emerging market equity funds record redemptions of $3.7bn

 


[I]  China's Stalling Bond Engine Creates a Policy Dilemma

[I]  Trump Exhibits Little Concern About Nuclear Arms Race

[I]  U.S. Economic Growth Revised Up to 3.5% Pace in Third Quarter

[I]  Trump's Nuclear Boast Is Obama's Modernization Plan

[I]  Confident Consumers Aren't Always Spendthrifts

[I]  More Asian Defaults Loom in 2017

[I]  China Demands Emission Cuts as Year’s Worst Smog Chokes Beijing

[I]  China’s Xi Jinping Said to Be Open to Slower Growth

 


[I]  Rollout of GST from April 1 under a cloud

[I]  Kerala loves gold 15 times more than Bihar

[I]  Prime Minister to unveil railway projects worth Rs. 77,000 crore today

[I]  India says levies on steel imports ‘temporary’

[I]  NBFCs want grace period for NPA norms extended till end-March

[I]  Rural subscribers get time till March 31 for cable TV digitisation

[I]  Will pension funds trigger the next crisis?

 


[I]  US economic growth revised up to 3.5% in Q3

[I]  Gold heading for 7th weekly loss on 2017 rate hike views

[I]  Rupee resilient when FCNR (B) redemption became due; well managed by RBI

[I]  India's forex reserves fall $2.4 bn to reach one of the lowest levels since May

[I]  Govt to launch Aadaar Payment App to simplify digital transactions

[I]  Jaitley faces hurdles for biggest tax reform launch

[I]  Government decides to approve action plans for three years under AMRUT

 


[I]  Narendra Modi calls NITI meeting to review economy amid currency crunch

[I]  Niti Aayog launches health index to improve services in states

[I]  Demonetisation won't dampen new year's eve plans

[I]  Note ban woes: As tourists stay away from India, 50 mn livelihoods at risk

[I]  Autonomy of IIMs should not be tampered with: Kumar Mangalam Birla

 

 

Best Regards, ARBIND
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Friday 23 December 2016

Macro Economic News 23 Dec 2016

 


[I]  Putin and Trump call for stronger nuclear forces

[I]  Beijing warns on trade after Trump picks China hawk

[I]  Moscow’s cyber war in Ukraine linked to US election

[I]  Riyadh speeds reforms alongside energy price rises

[I]  Japan gives tax break to help women work

[I]  Credit card providers fight to stay top of your wallet

 


[I]  China’s ‘Understated’ 2% Inflation at Odds With Bond, Yuan Slump

[I]  China Plans to Open Up Bond Market Further to Lure Foreigners

[I]  Philippines Holds Key Rate as Emerging Nations Brace for Fed

[I]  More Asian Defaults Loom in 2017 Amid Korea Shipyard Debt

[I]  Japan Approves Record Defense Spending

 


[I]  Plunging exports may force govt to cut $900-billion target for 2020

[I]  Print media registrations up 5.13% in 2015-16

[I]  CBDT identifies 67.45 lakh potential non-filers in 2015-16

[I]  Night temperatures may dip over South as winds begin to stray

[I]  A stronger ecosystem for SMEs increasing Digital India footprint

 


[I]  Demand for housing and personal loans dips post note ban

[I]  India Inc seals $52 billion M&As in 2016; eyes bigger deals in 2017

[I]  Government to procure pulses if market rates fall below MSP

[I]  Dent on growth will be bigger than RBI's estimates: Nomura

[I]  India may not meet 2020 export target; policy review ahead

[I]  Demonetisation not last action against corruption: Panagariya

[I]  'Govt needs to look at incentivising those involved in R&D'

 


[I]  Social outlay may go up 10-12% in Budget

[I]  More pressure ahead for telcos

[I]  RBI numbers show drop in digital commerce, firms talk of record growth

[I]  Parliamentary panel hears adverse views on demonetisation

[I]  Exports to China: Govt bets on value added products to reduce trade deficit

[I]  CBDT clarification fuels fears of retrospective tax among FPIs

[I]  Parking space proof may be mandatory to register vehicles

 
 

Best Regards, ARBIND
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Thursday 22 December 2016

Macro Economic News 22 Dec 2016

 


[I]  Trade unions flex their weakened muscles

[I]  Brussels seeks to boost trade ties with Turkey

[I]  History hangs over German counter-terrorism effort

[I]  EU warns Trump not to destroy Iran nuclear deal

[I]  Austrian far right strikes deal with Putin’s party

[I]  China’s leaders split over policy on forex reserves

[I]  Parliaments should ratify EU deals, says ECJ judge

[I]  India ‘black money’ crackdown delays tax reforms

[I]  Japan Inc on the hunt for post-Brexit deals

 


[I]  Oil Declines as U.S. Crude Inventories Unexpectedly Increase

[I]  The U.S. Government Is Collecting Student Loans It Promised to Forgive

[I]  Japan's Students Forced to Live Under a Burden of Debt

[I]  China Wants to Boost Economy by Getting People Skydiving

[I]  China's Spending Spree Is Making the World Nervous

[I]  Coal Traders See End of Price Rally as China Ramps Up Output

[I]  Australian Banks Sanctioned by Regulator Over FX Conduct

 


[I]  Facing flak, RBI modifies directive on deposits of over Rs. 5,000 in old notes

[I]  Budget hotel aggregators step into paying-guest, hostel space

[I]  Centre takes the ordinance route to push cashless wage payments

[I]  Centre launches portal to help PSUs swap coal with private cos

[I]  GST deadline of April 2017 under cloud

[I]  Govt to improve IP utilisation, protection for plant varieties

[I]  Surge in non-cash transactions may give RBI room to reduce currency in circulation

[I]  Investigative role should not be thrust on bank officers, union writes to RBI

 


[I]  Indian companies unprepared for online frauds: Deloitte

[I]  Social sabbaticals hit right note with corporates and employees

[I]  Less-cash economy? Post-noteban card usage at PoSes plunges

[I]  Near term growth risks for India on downside: Goldman Sachs

[I]  Nomura growth indices plunge to lowest level since 1996

[I]  Demonetisation: RBI feels its image dented by Centre's steps

[I]  Reform tax regime to cut black money: Arvind Panagariya

[I]  CBDT issues indirect transfer provisions

[I]  Government to rework tax treaty with Singapore soon: Arun Jaitley

[I]  Transfer pricing may come back to haunt investors from Cyprus

 


[I]  RBI does a U-turn on cash deposit curbs

[I]  FPIs unhappy with government's tax rules on indirect transfers abroad

[I]  Viability gap funding likely for wind power

[I]  Bank recapitalisation plan on course

[I]  Digital rebates by state-run oil firms may be reimbursed

[I]  Train passenger fares may be linked to inflation rate

[I]  Bank loans grow by over Rs 73,000 cr in fortnight ending Dec 9

 

 

Best Regards, ARBIND
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Wednesday 21 December 2016

Macro Economic News 21 Dec 2016

 


[I]  Berlin attack raises election stakes for Merkel

[I]  May says she wants a transitional Brexit deal

[I]  Poland backs off planned media curbs but fails to end stand-off

[I]  Lagarde conviction risks undermining IMF’s authority

[I]  Bank of Japan raises growth outlook

[I]  China returns seized submarine drone to US

[I]  French banks to sue ECB over capital requirements

[I]  Promotions raise questions over US retail profits

 


[I]  Yen Slides After BOJ Stays Committed to Yield Curve Control

[I]  Runaway Australian Property Market Shows First Signs of Cooling

[I]  IMF Head Christine Lagarde Convicted in French Negligence Trial

[I]  This Has Been the Worst Year for IPOs Since the Financial Crisis

[I]  PBOC’s Shadow Banking Curbs Risk Deepening Junk Bond Rout

[I]  Yuan Bears Strike as Capital Outflows Override PBOC Support

[I]  Japan's Central Bank Upgrades Outlook Without Shifting Policy

 


[I]  Bad debt provisioning: RBI urges govt to give full tax deduction to banks

[I]  Donations received by national parties drop 84% in 2015-16

[I]  Banks refusing to accept over Rs. 5,000 in old notes, complain depositors

[I]  Jaitley to Railways: focus on performance, not populism

[I]  AMFI bats for US’ 401(k)-like product in Budget proposals

[I]  Farmers demand 40% duty on wheat imports

 


[I]  Farmers get 60 days more to repay crop loans due in November-December

[I]  Nothing abnormal about discrepancy between total currency & amount revealed: RBI

[I]  India's war on cash needs a very different approach

[I]  Kolkata witnessing rise in demand for warehouses

[I]  Modi government cuts MSP of seven minor forest produce items

[I]  Economists pitch for 'out-of-box' Budget

[I]  Think out-of-box: Jaitley asks banks which seeks higher capital

[I]  Ordinance likely for wage payment via e-mode, cheque

[I]  Note ban stunningly disruptive; may yield lasting benefits: Crisil

 


[I]  Govt plans tax exemption threshold for political parties

[I]  PM plans pre-Budget balm for note ban pain

[I]  Self-registration of firms for shipping final goods to EU

[I]  Enough currency with RBI: Jaitley

[I]  Digital push to help small traders save up to 46% in tax: Govt

[I]  Economists tell govt to increase spending

[I]  Railways' budgetary support may be up 12%

 

 
Best Regards, ARBIND
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Tuesday 20 December 2016

Macro Economic News 20 Dec 2016

 


[I]  Indian bank customers face new obstacle

[I]  IMF stands by Lagarde after negligence verdict

[I]  China house price growth slows as curbs take hold

[I]  Australia downgrades growth forecasts

[I]  Italy seeks up to €20bn to prop up fragile banks

[I]  Yield on German two-year debt falls to new low

[I]  EM corporate borrowing in euros at record levels

 


[I]  Asian Shares Fall After Europe Turmoil; Australian Bonds Advance

[I]  RBA Balanced Weaker Jobs, Strong Housing in Decision to Hold

[I]  Ringgit Dips to Weakest Level Since 1998 Asia Financial Crisis

[I]  Brexit Will Mean Cuts for the Rest of the EU, Denmark Says

[I]  Scotland Threatens to Leave U.K. If Forced Out of Single Market

[I]  Obama Uses 1953 Law to Block Drilling in Arctic, Atlantic

[I]  Why China's Property Market Poses Threat to Macau's Recovery

[I]  China’s Bond Rout Triggers Turmoil as Leverage Curbs Bite

[I]  Chinese Buying Insurance in Hong Kong Said to Face Further Curbs

 


[I]  You have only one chance to deposit scrapped notes worth over Rs. 5,000

[I]  Tax sops for small traders taking digital pay route

[I]  Bank verticals, consultancies, NBFCs home in on realty portals

[I]  PFRDA’s Friday meet to decide on new pension fund managers

[I]  TRAI moots free data for rural subscribers

 


[I]  Gold imports shrink 30.5% to $15.7 bn in Apr-Nov

[I]  For the first time in nearly 150 years, India's economy surpasses that of United Kingdom

[I]  Cash crunch to normalise by February 2017: Report

[I]  Transfer pricing may come back to haunt investors from cyprus

[I]  Govt revises North East Industrial and Investment Promotion Policy

[I]  Government allows use of old notes for tax payment under PMGKY

[I]  Leather products trade hit hard by demonetisation: ASSOCHAM

 


[I]  Tax dispute resolution scheme fails to take off

[I]  Domestic air traffic rises 22.45% to 89.66 lakh in November

[I]  Govt says less tax for small traders on digital transactions

[I]  Interest rates on provident fund deposits slashed to 8.65% for FY17

[I]  Mauritius top source of FDI in India

[I]  Cabinet to take call on Indian Railways pricing regulator in two weeks

[I]  RBI: Banks have to accept deposits in pre-2005 notes

[I]  Sebi notifies public issue of REITs norms


 

Best Regards, ARBIND
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