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India FCO Political and Economic Updates

India Economic : Finance Bill Provides "Tax Neutrality" On Subsidiarisation ; But Await Greater Clarity On Stamp Duty

Summary: Finance Bill passes lower house and provides partial clarification for overseas banks

Author: British Deputy High Commission Mumbai

Published: 15 May 2012

The Dilemma For The RBI

Summary: Lower growth poses dilemma over rates for central bank

Author: BritishDeputy High Commission Mumbai

Published: 15 May 2012

India: Financial Sector Reform: Union Cabinet Approves Increase in Voting Rights in Private Banks - May 2012

Summary: Cabinet approves Banking Laws Amendment bill (2011) under which voting rights in private banks  will be increased to 26% from 10% and in public sector banks  to 10% from 1%.

Author: British High Commission New Delhi

Published: 03 May 2012

India: S&P lowers outlook to negative – April 2012

Summary: S &P lowers India’s outlook from “stable” to “negative”  while maintaining the rating at BBB. But the likelihood of an actual downgrade is small

Author: British High Commission New Delhi

Published: 30 Apr 2012

India: Visit By First Minister Of Wales – April 2012

Summary: Practical and positive outcomes from First Minister’s recent visit.

Author: British High Commission New Delhi

Published: 30 Apr 2012

India Monthly Economic Report March 2012

Summary: Lead indicators continue to suggest that the economy has bottomed out but the pace of recovery is uncertain. The 16 March Budget did little to provide a fillip to growth or investor confidence.

Author: British Deputy High Commission Mumbai

Published: 20 Apr 2012

India Economic: RBI Cuts Rates By Surprise 50bp, But Sees Limited Scope For Sustained Cuts

Summary: First RBI interest rate cut in two years

Author: British Deputy High Commission Mumbai

Published: 18 Apr 2012

India / Climate Change: DECC Minister Of State Visit, 18-20 April: Scene Setter

Summary: Ministerial visit provided further opportunity to strengthen cooperation on green growth

Author: British High Commission New Delhi

Published: 18 Apr 2012

India Economic: Rupee Weakness will Persist in BoP Deficit; April 2012

Summary: India’s current account records high deficit of 4.3%(of GDP) for 4th Qtr 2011

Author: British High Commission New Delhi

Published: 13 Apr 2012

India Economic: Balancing the Budget: – March 2012

Summary: Assessment of India’s Budget

Author: British High Commission New Delhi

Published: 27 Mar 2012