Export Promotion Scheme: DEPB

 

Delayed demise of DEPB scheme

A nice article that explains DEPB and duty drawback scheme for exporters.

An Interesting Read: The US sells chopsticks to China

Ajay Shah explains the theory of comparative advantage through an article on his blog, by referring to an interesting article in the Economist. An interesting read.

Indian Growth Story Needs An Energetic Push

As we enter the last year of the 11th Five Year plan (2007-12) of the Indian economy, two tasks are primarily undertaken. One, assessment of the performance during the Five Year plan and setting up goals for the next Five Year plan.

A release by the Planning Commission reveals that India is expected to end the 11th plan period with about 8.2% GDP growth. This is below the target growth of 9%. However,

India’s Key Economic Indicators

A brilliant summation of economic indicators: http://eaindustry.nic.in/Key_Economic_Indicators/Key_Economic_Indicators.pdf

The indicators included are:

• Agricultural – Foodgrain Production
• Employment & Unemployment Indicators
• Performance of Core industries
• Performance of Index of Industrial Production
• Wholesale price index and inflation
• Food and non-food credit of scheduled commercial banks
• Sectoral deployment of bank credit
• World commodity prices

Highlights of Union Budget 2011-12

Basic Thrust

Quarterly Statistics on Scheduled Commercial Banks

RBI’s Quarterly Statistics on Deposits & Credit of Scheduled Commercial Banks. Link

Data in xls format

Snapshot – Indian policy highlights

Simple and concise update on India’s policies. Snapshot

Direct Tax Collections in India: Well above target

A healthy growth in profits of India Inc is well reflected by a robust 25.4% growth in corporate tax collections in October 2010 to Rs11,818 crore (Rs9,424 crore in October 2009). This resulted in cumulative growth in corporate tax of 22.1% in April-October 2010.

It must be noted that direct tax collections during April-October 2009 had risen by only 3.9%, mainly on account of a global slowdown. Thus, growth for the current period has a cushion of the low base in the previous year.

Banker to India’s growth

Amol Agrawal has written a nice piece on How is India financing its growth?

A recommended read.

Volatility in IIP continues

The index of industrial production (IIP), which reflects industrial activity in India, rose 5.6% to 309.1 in August 2010, compared to the year-ago level. Growth was way below the Bloomberg News survey estimate of 9.5% gain. The YoY growth during April-August 2010-11 was 10.6%.

IIP growth in August 2010 too was lower than the 15.2% figure of July 2010. Also, there has been an upward revision in growth rate for May 2010 (from 11.3% to 11.5%) and July 2010 (from 13.8% to 15.2%).

The high volatility in industrial output data ―raises some doubts about how effectively the index reflects the underlying growth momentum, says the Reserve Bank of India.