【New Delhi】Indian government, keeping step with the Reserve Bank of India, on January 2 announced a second stimulus package in order to revers the economic slowdown through higher public spending, providing additional liquidity for onward lending at lower interest rates, boosting sagging sale of commercial vehicles and making easier credit availability for the export sector, housing and small industries.
【ニューデリー】インフレの沈静化に励まされ、中央銀行Reserve Bank of India(RBI)は２日、産業界に十分な低利資金を供給するため、過去３ヶ月来４度目となる基準金利の引き下げを実行、２０００億ルピー(US$4億)を国内金融システムに注入した。（...続きを読む）
◆RBI cuts key rates further, infuses Rs 20k cr
【New Delhi】Encouraged by declining inflation rate, the Reserve Bank of India on January 2 cut its key rates, for the fourth time in less than three months, to ensure availability of credit at lower rates.
【ニューデリー】インド政府は会社法委員会(CLB:Company Law Board)の提案に基づき９日、Satyam Computer Ltd(SCL)取締役会に解散を命じ、１１日には、銀行家Deepak Parekh氏、情報技術(IT)専門家Kiran Karnik氏、インド証券取引局(SEBI:Securities and Exchange Board of India)メンバーC Achutan氏を暫定的にCLBの新取締役に指名した。（...続きを読む）
◆Govt disbands Satyam board
【New Delhi】The Indian government on Friday(09-01) dissolved the depleted Satyam board of directors according to the Company Law Board's recommendation and on Sunday(11-01) nominated noted banker Deepak Parekh, IT expert Kiran Karnik and former SEBI member C Achutan to the company's Board as an interim measure.
【新德里】印度政府根据公司法局的提议，9日指示萨蒂扬电脑有限公司解散董事部，11日就指名3名新董事。他们是著名银行家Deepak Parekh，信息科技专家Kiran Karnik和印度证券交易委员会成员 C Achutan。
【ニューデリー】経済問題閣僚委員会(CCEA:Cabinet Committee on Economic Affairs)は２日、異なる州のウラン資源開発競争を促す狙いから、州政府に支払う従価式ウラン鉱採掘特許料(royalty)率を２％に引き上げることを承認した。（...続きを読む）
◆New royalty rates for uranium cleared
【New Delhi】The Cabinet Committee on Economic Affairs (CCEA) on January 2 approved payment of royalty at an ad valorem rate of 2 per cent to provide fair compensation to states for uranium mined in their territory.
【ムンバイ】グジャラート州政府は、追加エネルギー源や代替エネルギー源としてソーラ・パワーの利用を促進するため、ソーラ発電業者(SPG:solar power generators)に対する一連の奨励措置を盛り込んだ総合的な『ソーラ・パワー発電政策』を発表した。（...続きを読む）
◆Gujarat unveil new Solar Power Policy
【Mumbai】Gujarat government on January 6 announced a comprehensive 'Solar Power Policy', in order to promote solar power as an additional and alternative source of energy, through offering slew of sops and incentives to solar power generators (SPGs).
【New Delhi】The process of acquiring 2,363 acres of land in the Andal-Faridpur block of Bardhaman district, West Bengal for the first airport city project in the country has begun with the issuance of a notification to this effect recently.
【ニューデリー】インド全国の運輸業者が参加し、８日間に及んだゼネストが１２日、終結した。全インド自動車輸送会議(ATMTC:All India Motor Transport Congress)と運輸省は、州政府の代表も交えて運輸業者が直面する問題の解決策を協議することで合意した。（...続きを読む）
◆Transporters call off eight-day strike
【New Delhi】Indian transporters called off their eight-day nationwide strike on January 12 after the All India Motor Transport Congress (AIMTC) and the Road Transport Ministry agreed to sort out issues raised by them in consultation with the State governments.
【Ahmedabad】Gujarat government, which had recently introduced Solar Power Policy, on January 8 took another step to promote power generation through non-conventional energy sources by unveiling a seperate Wind Power Policy called 'Wind Fall'.
【New Delhi】Putting an end to the political uncertainty in Jharkhand, the Union Cabinet on Januaru 19 decided to impose President's Rule(presidential discretionary powers of emergency under Article 356 of the Constitution of India) in the State in the wake of chief minister Shibhu Soren losing a byelection that forced him to resign.
◆FDI cos may not be allowed to own commercial projects
【New Delhi】Real estate developers may not be allowed to own commercial projects such as malls in the same company that develops projects for which they have accepted foreign investment. They have to hive off other projects into a separate company or a special purpose vehicle (SPV).
【ニューデリー】電信局(DOT:Department of Telecom)は、企業省(MCA:Ministry of Corporate Affairs)に対し昨年テレコム・ライセンスを取得した６社中の１社で、アラブ首 ｷ国連邦のEmirates Telecommunications Corp(Etisalat)が９億米ドルで４５％の権益を手に入れたSwan Telecomの実質的オーナーシップを調査するよう求めた。（...続きを読む）
◆DoT seeks Swan Telecom ownership probe
【New Delhi】Swan Telecom, in which UAE's Etisalat had picked up a 45% stake for $900 million last year and which was amongst the six companies who were granted telecom licenses last year, is sought to probe the actual ownership.
【Bangalore】The Union Minister of State for Commerce & Industry, Ashwani Kumar, disclosed on January 22, that within two weeks the government will announce a new set of incentives for the manufacturing sector to help them tide over demand issues.
◆Foreign airlines may allow to have 49% stake in domestic carriers
【New Delhi】The Committee of Secretaries headed by the Cabinet Secretary is to consider a proposal to allow foreign airlines to hold a 49 per cent stake in scheduled, non-scheduled and charter airlines.
【Kolkata】The inter-ministerial group (IMG) has short-listed companies that will be allotted three blocks for undertaking coal-to-liquid (CTL) projects and has submitted recommendations to the government recently.
【ムンバイ】地元の土木建設会社Larsen & Toubro (L&T)は、国防研究開発機構(DRDO:Defence Research and Development Organisation)により開発された武器の商業生産コンセプトを研究する施設を設けることを検討している。（...続きを読む）
◆L&T may have research facility for weapon systems
【Mumbai】Engineering and construction company Larsen & Toubro (L&T) will set up a major research facility that will conceptualise weapon systems developed by government agency Defence Research and Development Organisation(DRDO) for commercial production.
【ニューデリー】Manmohan Singh首相(76)は先週土曜(24日)All-India Institute of Medical Sciences (AIIMS)付属病院において心臓のバイパス手術を受けた後、順調に回復しており、水曜(28日)までには集中治療室(ICU)から出られる見通しだ。（...続きを読む）
◆PM recovering fast after bypass surgery
【New Delhi】Prime Minister Manmohan Singh, who is recuperating at the All-India Institute of Medical Sciences (AIIMS) after a successful coronary bypass surgery on Saturday, will be taken out of the intensive care unit of AIIMS by Wednesday.
【ムンバイ】中央銀行Reserve Bank of India(RBI)は２７日発表した『２００８－０９年マクロ経済・金融動向第３四半期見直し(Third Quarter Review of Macroeconomic and Monetary Developments, 2008-09)』報告書において、すべての主要基準レートを据え置くとともに、インフレ率が３月末までに３％の水準まで下降すると予想、また国内総生産(GDP)成長見通しをこれ以前の７．５－８．０％から７％に下方修正した。（...続きを読む）
◆RBI keeps key rates, CRR intact
【Mumbai】The Reserve Bank of India (RBI), on January 27, left all key rates and ratios intact in its third quarter review of monetary policy 2008-09. The bank also lowered inflation estimates to 3 per cent by March end but scaled down the GDP forecast to 7 per cent from the earlier 7.5-8.0 per cent.
【New Delhi】For the second time in less than two months, the government cut the prices of petrol by Rs 5 a litre, diesel by Rs 2 per litre and the domestic LPG rate by as much as Rs 25 per cylinder from January 28 midnight.
【ニューデリー】インド自動車製造業者協会(SIAM:Society of Indian Automobile Manufacturers)はこのほど、政府の支援が得られないなら１２万クロー(US$240億)の投資がリスクに晒され、数百万の労働者が失業する恐れがあると警鐘した。（...続きを読む）
◆$24b investment at risk; SIAM
【New Delhi】Over Rs 1,20,000 crore ($24b) investment could be at risk, putting millions of jobs at stake if the government support is not forthcoming; Society of Indian Automobile Manufacturers (SIAM) warned.
【Hyderabad】The eighth round of bidding for oil and gas blocks under the new exploration licensing policy (NELP) is set to be launched by mid-March 2009.
【ムンバイ】ボンベイ高裁は１月３０日、係争中の訴訟に判決が下るまでの暫定措置として、Mukesh Ambani氏旗下のReliance Industries Ltd(RIL)がKrishna-Godavari(KG)海盆で採取した天然ガスを政府との間で決めた１mmbtu(million metric British thermal unit)当たり４．２０米ドルの価格で第３者に販売することを認めた。（...続きを読む）
◆Court lifts sale ban on RIL 3rd-party gas sale
【Mumbai】The Bombay High Court on January 30 allowed the Mukesh Ambani-led Reliance Industries to sell gas from the Krishna-Godavari basin to third-party consumers at the government-approved price of $4.20 per MMBtu, till the final judgment on the on-going case is pronounced.
【New Delhi】Foreign investment through an investing Indian company, which is ultimately controlled by Indians, will not be taken into account in determining the sector foreign direct investment cap, the Central government said on February 11.
【New Delhi】The Indian economy is slated to grow by 7.1 per cent during the current fiscal, the slowest in six years and below the previous year's 9.0 per cent, according to the the Central Statistical Organisation's (CSO) latest estimates released here on February 9.
【ハイデラバード】遺伝子組換え作物のトランスレーショナル・リサーチ・プラットフォーム(PTTC:Platform for Translational research on Transgenic Crops)をアンドラプラデシュ州Hyderabadの国際半乾燥地熱帯作物研究所(Icrisat:International Crops Research Institute for the Semi-Arid Tropics)キャンパスに設ける起工式がこのほど催された。（...続きを読む）
◆Icrisat, Govt launch project on transgenic crops
【Hyderabad】The foundation stone for Platform for Translational research on Transgenic Crops(PTTC) has been laid down recently at the International Crops Research Institute for the Semi-Arid Tropics (Icrisat) campus in Hyderabad.
【ブーバネスワル】オリッサ州政府は７日、独立電力供給業者(IPP:Independent Power Producer)８社と、覚書を交換した。これらIPPは同覚書の下、４万２０２３クロー(US$86.2億)を投じ、９７８０MW(ﾒｶﾞﾜｯﾄ)の発電施設を建設する。（...続きを読む）
◆Orissa govt inks MoUs for 9,780 Mw
【Bhubaneswar】The Orissa government has signed memorandums of understanding (MoUs) with eight Independent Power Producers (IPPs) to produce 9780 MW electricity with an investment of Rs 42,023 crore.
【New Delhi】With an eye on the elections, the United Progressive Alliance government, in the interim budget 2009-10 presented by Finance Minister Pranab Mukherjee on February 16, announced a massive allocation of Rs. 1,31,317 crore ($26.937b)for its various flagship programmes to spur the economy and benefit the common man.
【Mumbai】"With the new foreign direct investment (FDI) rule, we expect investments to the tune of Rs 10,000 crore ($2.05b) to come up in the real estate sector by this calendar year-end," said Nayan Shah, CEO, Mayfair Housing Private Ltd.
【ムンバイ】インドの主要公共部門企業２社、Nuclear Power Corporation of India Ltd (NPCIL)とNational Thermal Power Corporation (NTPC)は、合弁会社を設立し、共同で原子力発電所を建設することで合意、両社は１４日関係覚書に調印した。（...続きを読む）
◆NPCIL, NTPC sign JV pact to set up N-power plants
【Mumbai】Two Indian major public sector corporations, Nuclear Power Corporation of India Ltd (NPCIL) and National Thermal Power Corporation (NTPC) on February 14 inked an Memorandum of Understanding (MoU) to incorporate a joint venture for setting up nuclear power plants.
◆Pvt Cos will have to wait for nuclear pie till 2020
【Mumbai】"The private companies, such as Tata Power, Reliance Power, JSW, GMR, Lanco and Videocon, will not be allowed to set up nuclear power plants till 2020," the minister of state for power and commerce Jairam Ramesh said on February 14.
【ニューデリー】中央銀行Reserve Bank of India（RBI)のDuvvuri Subbarao総裁は１８日東京で、「金利を引き下げる余地はある。問題はタイミングと引き下げ幅」と述べる一方、「世界的景気後退のインド経済に及ぼした影響は予想した以上に深刻」と警鐘を鳴らした。（...続きを読む）
◆RBI governor hints at rate cut
【New Delhi】The Reserve Bank of India governor D Subbarao said in Tokyo on February 18 that there was room for rate cuts, but the question was the timing and quantum of these rate cuts. He also warned that the impact of the global downturn on the Indian economy would be sharper than expected.
【New Delhi】"Prime Minister Manmohan Singh's four weeks recovery time is over. He is now fit to resume his work", Dr. Vijay D'silva, ICU specialist and one of the doctors from Asian Heart Institute attending on Singh, told PTI.
【New Delhi】In what forces the government to forgo an additional Rs 30,000 crore over and above the Rs 60,000-crore dent in the original revenue estimates for the current fiscal in Budget 2008-09, the Finance Minister Pranab Mukherjee on February 24 announced the third stimulus package for the economy, cutting excise duty and service tax two percentage points each, and extending previous excise cuts beyond March 31, 2009.
【New Delhi】Union Commerce Minister Kamal Nath on February 26 announced the interim foreign trade policy for the year FY10 to boost exports from sectors like gems & jewellery, leather and textiles, where job loss is spreading fast.
【ニューデリー】統一進歩連合(UPA:United Progressive Alliance)政府は２月２３日、大型投資を加速する一連の措置を承認した。①政府はこの日の閣議で３件の石油化学ハブ事業を承認、②商工省傘下の特別経済区認証局(BOA:Board of Approvals for SEZs)は、新たに１０件のSEZプロジェクトを認可、③中央銀行のDuvvuri Subbarao総裁はこの日Pranab Mukherjee蔵相と会談し、適当な政策措置(即ち利下げ)を実行する方針を伝えた。（...続きを読む）
◆Centre clears three petrochem hubs, ten SEZs
【New Delhi】The UPA government on February 23 cleared a slew of proposals to boost big-ticket investments. The Cabinet paved the way for three massive petrochemical hubs, while the board of approvals for special economic zones (SEZs) cleared ten more zones. Meanwhile, RBI governor Duvvuri Subbarao has said he would take appropriate policy action at a meeting with finance minister Pranab Mukherjee.
◆General elections to be held from April 16 to May 13 in 5 phases
【New Delhi】The general elections for the 15th Lok Sabha will be held between April 16 and May 13, the Election Commission announced on March 2. A total of 714 million voters will elect 543 members.through a five-phase poll. Incidentally, Prime Minister Manmohan Singh on March 4 attended an official engagement with the President of the Republic of Benin, Boni Yayi nearly a month after heart surgery.
【ニューデリー】中央銀行Reserve Bank of India(RBI)は４日、レポ(repo)および逆レポ(reverse repo)レートを各５０ベイシス・ポイント即日引き下げ、銀行界に貸出金利の一層の引き下げを求める強力なシグナルを発信した。しかし支払準備率(CRR:cash reserve ratio)は据え置いた。（...続きを読む）
◆RBI cuts repo, reverse repo rates
【New Delhi】Sending a strong signal to banks to lower lending rates, the Reserve Bank of India on March 4 reduced the repo and reverse repo rates by 50 basis points each with immediate effect, while keeping the other key tool, Cash Reserve Ratio, intact.
【New Delhi】Many nuclear parks will come up across the country with each one housing four to six atomic plants. The site selection committee has identified five to seven sites to establish nuclear parks.
【New Delhi】The government is planning to mobilise an investment of more than one billion dollars in the next five years for promoting innovation here through co-investing up to Rs 2,500 crore($484m) with a similar amount from private players for each innovating project.