Foreign investors return to Indian markets

Source: LiveMint.com, Nov 10, 2017

Mumbai: Foreign institutional investors (FIIs), who took a break from buying Indian shares in August and September, are returning after recent government announcements such as the Rs2.11 trillion PSU bank recapitalisation plan. FIIs are mainly buying into new shares.

Over October and November so far, FIIs have invested a net of $1.9 billion in Indian equities. For the year to date, they are buyers to the tune of $7.4 billion.

“It is the general pick-up in global inflows to emerging markets, and India is gaining. Also, the recent bank reforms in India are leading to expectations that there could be more reforms underway,” said Gautam Chhaochharia, head of research at UBS Securities India Pvt. Ltd.

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India to sign pact with Japan for setting up flexible LNG market

Source: The Hindu Business Line, Oct 11, 2017

New Delhi: The Cabinet gave its nod to signing a host of MoUs including one Memorandum of Cooperation (MoC) with Japan for liquefied natural gas that would enable establishing a liquid, flexible and global LNG market.

Speaking to reporters after the Cabinet meeting, Dharmendra Pradhan, Minister for Petroleum, Natural Gas and Skill Development, said, “The MoC provides a framework to cooperate in facilitating flexibility in LNG contracts, abolition of destination clause and in exploring possibilities of cooperation in establishing reliable spot price indices reflecting true LNG demand and supply.”

Elaborating the Minister said, “This will open the opportunity for technical and knowledge base sharing with Japan in LNG. Currently, India has an agreement with Australia for natural gas, while Japan has one with Qatar. Through this agreement, we can explore options such as swapping cargoes from these sources.”

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Indian pharma gets US FDA booster dose

Source: Business Standard, July 28, 2017

Mumbai: With Cadila Healthcare, Unichem Laboratories and Glenmark Pharmaceuticals getting the US drug regulator’s nod this week to launch one generic drug each, the tally of abbreviated new drug application (ANDA) approvals for Indian firms went up to 129 this year — a 45 per cent jump from 89 in the January-July period of last year.

An ANDA contains data which, when submitted to the US Food and Drug Administration (FDA), provide for the review and ultimate approval of a generic drug product.

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India’s refusal to join China’s One Belt and One Road initiative regrettable: Chinese media

Source : Financial Express 15 May 2016

India’s refusal to join China’s high-profile Belt and Road initiative is “regrettable” but New Delhi’s boycott will not at all affect the cooperation in infrastructure development among its neighbouring countries, a report in a state-run newspaper said today.

The two-day Belt and Road Forum which is being attended by leaders from 29 countries, including Pakistan, has been boycotted by India due to sovereignty concerns over the USD 50 billion CPEC (China-Pakistan Economic Corridor), which passes through Pakistan-occupied Kashmir.

“While India recently issued an official statement saying it would not be part of the “One Belt and One Road” (B&R) initiative, it will not affect the trend towards cooperation in infrastructure development among its neighbouring countries at all,” Global Times reported today.

“India was openly sceptical of China’s Belt and Road Forum (BRF) hours ahead of the opening of the event, mainly due to concerns over the China-Pakistan Economic Corridor (CPEC), a key project of the B&R, and whether it might influence the disputed Kashmir region,” it said.

GST to push Indian growth to over eight per cent: IMF

indexSource: Financial Express, Apr 28, 2017

Washington: The ambitious Goods and Services Tax to be implemented from July 1 would help raise India’s medium-term growth to above eight per cent, the International Monetary Fund has said adding that the reforms being done is expected to pay off in terms of higher growth in the future. “The government has made significant progress on important economic reforms that will support strong and sustainable growth going forward,” Tao Zhang, Deputy Managing Director of the International Monetary Fund, told PTI in an exclusive interview.

“We expect that the goods and services tax (GST), which is targeted to be applied starting in July, will help raise India’s medium-term growth to above 8 per cent, as it will enhance production and the movement of goods and services across Indian states,” the IMF official said.

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Start-ups to get more money as Cabinet gievs nod to Rs 1k cr fund

Source: Business Standard, Mar 23, 2017

New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved Rs 1,000-crore initial corpus for the Fund of Funds for Start-ups (FFS), which was established in June last year.According to the Cabinet decision, Alternate Investment Funds (AIFs) supported by FFS shall invest at least twice the amount of contribution received from FFS in start-ups.

It was also decided that operating expenses for carrying out due diligence, legal and technical appraisals and convening meeting of Venture Capital Investment Committee, among others, would be met out of the FFS to the extent of 0.50 per cent of the commitments made to AIFs.

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Indian M&E industry to grow at 13.9% CAGR to reach Rs 2,419.4 billion by 2021

Source: The Economic Times, Mar 22, 2017

Mumbai:The Indian Media and Entertainment (M&E) industry is projected to grow at a faster pace of 13.9% CAGR over the period 2016–21, with advertising revenue expected to increase at a CAGR of 15.3% according to the FICCI-KPMG Media and Entertainment industry report 2017.

The report was released by on the inaugural day of the three-day annual media conclave

FICCI FRAMES.

According to the report, 2016 was a mixed bag for the M&E industry and while the digital ecosystem penetrated further into the citizens’ day-to-day lives and opened up new avenues of consumption and revenue, it was time for introspection for many parts of the industry.

For instance, television experienced slower growth due to a lacklustre year for subscription revenues, which have faced headwinds owing to continued challenges around digitisation and its intended benefits flowing through the value chain.

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