◆All-party meet on Telangana fails to reach consensus
【New Delhi】A crucial meeting of eight recognised political parties of Andhra Pradesh, called by the Union home minister P Chidambaram on January 5, on the issues that have arisen out of the recent agitations in Andhra Pradesh for and against the creation of a separate State of Telangana, ended without arriving at a consensus.
【New Delhi】The government has offered duty benefits for 2,000 new products to sustain revival in exports. The measures will cost the exchequer about Rs 450-500 crore ($97.65m-108.5m) for the remaining period of this fiscal. Incentives have been announced to promote exports to China and Japan, too.
【ニューデリー】特別閣僚グループ(EGOM:empowered group of ministers)は１２日の会議で、入札にかける各電信管区内のスロット数や支払いスケジュール等の問題について結論を出すことができなかった。このため第三世(3G)代移動体通信周波数域の入札期日が再度繰り延べられる恐れが生じている。（...続きを読む）
◆3G auction may delay again
【New Delhi】The Indian government may again delay the auction of spectrum for the launch of third generation telephony by private players, as the empowered group of ministers (eGoM) on January 12 failing to finalise 3G spectrum issues such as the number of slots and payment schedule.
【Bhubaneswar】The Orissa government on January 16 decided to seek a referendum on Posco-India's 12-million-tonne steel plant in the state in view of fierce local opposition. The decision seems to push the project back further.
【ニューデリー】インド政府は１４日、国内の電力設備業者、例えばBharat Heavy Electricals Ltd(BHEL)を支援する狙いから、今後国内のメガ発電プロジェクト(mega power projects)に対する設備納入を輸出と見なし、税制優遇措置を適応すると発表した。（...続きを読む）
◆Power equipment firms get export sops on local supplies
【New Delhi】The Indian government on January 14 announced that it will consider domestic supplies to mega power projects as exports, which would entitle them to duty benefits, in a bid to help power equipment manufacturers like Bharat Heavy Electricals Ltd.
◆Oil cos to supply Euro-IV fuel in 13 cities from April 1
【New Delhi】The country's oil retailers will begin supplying Euro-IV compliant auto fuel in 13 cities from the targeted April 1. However the sale of fuel compliant with Euro-III norms in rest of the country will be done in a phased manner between April 1 and October 1.
【ニューデリー】Pranab Mukherjee蔵相を長とする特別閣僚グループ(eGoM:empowered group of ministers)は先週当地で催された会議の席上、ウルトラ・メガ発電プロジェクト(UMPP:ultra mega power projects)が外国から電力設備を輸入するのを禁止する方針を決めた。こうした動きは、国営重電機会社Bharat Heavy Electricals Ltd(BHEL)やLarsen & Toubro Ltd(L&T)に恩恵を及ぼすが、電力料の上昇を生じさせるものと見られる。（...続きを読む）
◆Centre to curb UMPP imports
【New Delhi】An empowered group of ministers (eGoM), headed by finance minister Pranab Mukherjee, decided at a meeting here last week to bar ultra mega power projects (UMPP) from sourcing equipment from abroad—a move that would benefit domestic suppliers like Bharat Heavy Electricals Ltd and Larsen & Toubro Ltd, but could raise electricity tariffs.
【ニューデリー】中央電力監督委員会(CERC:Central Electricity Regulatory Commission)は１８日、再生可能エネルギー資源の利用と電力市場の開発を促進するための再生可能エネルギー証書(REC:renewable energy certificate)規則を発表した。（...続きを読む）
◆Renewable energy trade rules notified
【New Delhi】The Central Electricity Regulatory Commission (CERC) on January 18 notified regulation on renewable energy certificate (REC) to promote renewable sources of energy and development of market in electricity.
【ニューデリー】インド政府は外国直接投資(FDI)認可規則の緩和を準備している。目下のところ６００クロー(US$1.302億)を超える投資プロジェクトは経済問題閣僚委員会(CCEA: Cabinet Committee on Economic Affairs)の最終認可を必要とするが、産業政策振興局(DIPP:Department of Industrial Policy and Promotion)は同上限を１０００クロー(US$2.17億)から１５００クロー(US$3.255億)の間の適当な額に引き上げるよう提案している。（...続きを読む）
◆FDI norms to be relaxed
【New Delhi】The government of India proposes to ease the norms for foreign direct investment (FDI) approval. At present, projects worth more than Rs 600 crore ($130.2m) require the final approval of the Cabinet Committee on Economic Affairs (CCEA). The department of industrial policy and promotion (DIPP) has proposed that this ceiling be raised to anywhere between Rs 1,000 crore ($217m)and Rs 1,500 crore($325.5m).
【New Delhi】The ministry of road transport and highways may ban commercial vehicles older than 10 years from plying on roads if recommendations of a committee formed last year to propose changes in the Motor Vehicle Act, 1988 is implemented.
【Hyderabad】Normal life continued to remain paralysed in Telangana region of Andhra Pradesh for the second consecutive day on Thursday. The Centre is considering various options, including appointment of a time-bound judicial committee to go into the Telangana issue.
【ニューデリー】石油天然ガス省は、探査開発活動に対するより多くの奨励措置を新年度予算案に盛り込むとともに、喩え州政府の意向に反しても、燃料を『商品サービス税(GST:goods and services tax)』適応対象品目に加えるよう大蔵省に要求した。（...続きを読む）
◆More E&P sops, fuels under GST; Petromin
【New Delhi】The petroleum ministry has made a strong case for giving oil & gas producers and refiners a slew of tax breaks in the forthcoming Budget and including auto and jet fuels in the proposed goods & services tax (GST), against the wishes of state governments.
【ニューデリー】インド電気通信局(DOT:Department of Telecommunications)は、地元の指導的電話会社２社、Bharti AirtelとTata Communications Ltd(TCL)に対し、Singapore Telecommunications (SingTel)との国際長距離電話(ILD:international long distance)契約を破棄するよう求める可能性を検討している。伝えられるところによると、SingTelはライセンスを取得せずに違法にインド国内でILDサービスを提供しているとされる。（...続きを読む）
◆TataComm, Airtel may be asked to end ILD pacts with SingTel
【New Delhi】The Department of Telecommunications (DoT) is considering to ask two leading private operators, Bharti Airtel and Tata Communications, to terminate their contracts with Singapore Telecommunications (SingTel), which was allegedly offering international long distance (ILD) services here without a licence.
◆Indian arms of foreign firms now can reinvest internal accruals
【New Delhi】Indian arms of foreign firms now can reinvest internal accruals in downstream sectors. The reinvestment amount is reckoned as debt and complies with relevant external commercial borrowing (ECB) norms.
【コルカタ】国営火力発電会社National Thermal Power Corp (NTPC)が完全出資する商社NTPC Vidyut Vapyar Nigam Ltd (NVVNL)は、２０１３年までに１０００MW(ﾒｶﾞﾜｯﾄ)のソーラ・パワーを購入、火力発電所の未配分電力と合わせて送配電網に供給する計画だ。（...続きを読む）
◆NTPC arm to procure 1,000 Mw solar power by 2013
【Kolkata】NTPC Vidyut Vapyar Nigam Ltd (NVVNL), a wholly-owned trading arm of National Thermal Power Corp (NTPC) intends to procure up to 1,000 Mw of solar power by 2013, and mix it with the unallocated thermal power to produce bundled power.
【ニューデリー】第４次炭層メタン(CBM)鉱区入札の審査を担当する次官クラス委員会は、入札業者の１社、Deep CH4コンソーシアムの入札資格を巡る物議に関して法務局(department of legal affairs)に意見を求めた。このため入札者は結論が出るまでより長い時間待機を強いられそうだ。（...続きを読む）
◆Controversy delays coal bed methane block auction
【New Delhi】A committee of secretaries deciding on the bids for the right to seek and produce coal bed methane (CBM) blocks under the fourth round of auction has asked the department of legal affairs to advise on the controversy surrounding one of the bidders, the Deep CH4 consortium. The bidders may have to wait longer for the outcome.
【ニューデリー】インド政府は、２週間以内に公共企業４社、①Oil & Natural Gas Corporation (ONGC)／②Steel Authority of India (SAIL)／③National Thermal Power Corp (NTPC)／④Indian Oil Corporation (IOC)に、財務・経営面でより大きな裁量権を認めるMaharatnaステータスを付与する見通しだ。（...続きを読む）
◆SAIL, ONGC, IOC, NTPC identified for Maharatna status
【New Delhi】The government is likely to confer 'Maharatna' status on four central public sector firms—Oil & Natural Gas Corporation (ONGC), Steel Authority of India (SAIL), National Thermal Power Corp (NTPC) and Indian Oil Corporation (IOC)—in the next two weeks in order to grant a higher level of financial and managerial autonomy.
【New Delhi】The Kirit Parikh committee on February 3 presented the report on fuel pricing to Petroleum Minister Murli Deora to recommend measures to allow auto fuels retailers freedom to decide their own pricing and an immediate increase in prices of kerosene by Rs 6 per litre and LPG rates by Rs 100 a cylinder.
◆Parikh's flat tax could be disastrous: Diesel car makers
【Mumbai】If the government accepts the Parikh committee's recommendation of a flat tax of Rs 80,000 on diesel cars, manufacturers that mainly sell diesel cars anticipate a significant fall in sales, because of a widening cost differential with petrol variants.
【ニューデリー】内務省は、B N Srikrishna元最高裁判事を長とする５人のメンバーから成るテランガナ問題専門委員会(expert committee on Telangana issue)を組織した。同委員会は、アンドラプラデシュ州のあらゆる階層の人々、異なる政党やグループ等、幅広い意見を聴取する。（...続きを読む）
◆Govt constitutes expert committee on Telangana issue
【New Delhi】Home Ministry constituted a five-member expert committee on Telangana issue headed by former Supreme Court Judge B N Srikrishna. The committee will hold wide-ranging consultations with all sections of people and different political parties and groups in Andhra Pradesh.
【New Delhi】''... the worst is over as far as food inflation is concerned. I am confident that we will soon be able to stabilise food prices,'' the Prime Minister, Dr Manmohan Singh on February 6 said addressing the Chief Ministers' conference on food prices in New Delhi.
【ニューデリー】広帯域無線アクセスWiMAX(Worldwide Interoperability for Microwave Access)の世界組織、WiMAX Forumは４日、特別閣僚委員会(EGOM:empowered group of ministers)に対し、WiMAX周波数域入札と第三世代(3G)移動体通信周波数域入札を分離し、今会計年度内にWiMAX周波数域入札を実施するよう要請した。（...続きを読む）
◆WiMAX, 3G spectrum auctions should be delinked
【New Delhi】The WiMAX Forum—on February 4 urged the empowered group of ministers (eGoM) looking into the matter to delink the spectrum auction for WiMAX services from 3G spectrum and hold it within this fiscal itself.
【Hyderabad】The exclusive Rs 3,000-crore ($651m) pharma fund, which the government plans to set up to promote innovation, research and development (R&D) in drug discovery, will focus on key areas such as biologics, among others.
【ニューデリー】インド電気通信監督局(TRAI:Telecom Regulatory Authority of India)は１０日、既存技術や第３世代(3G)移動体通信技術を遙かに上回る高速広帯域サービスを提供できる第４世代(4G)技術の導入に対する業界の意見聴取を開始した。TRAIのこうした動きは３Ｇ計画に冷水を浴びせることになりそうだ。（...続きを読む）
◆Trai seeks industry view on 4G rollout
【New Delhi】In what may pour cold water on the third-generation (3G) mobile telephony, the Telecom Regulatory Authority of India (Trai) on February 10 started consultations for the fourth generation (4G) technology that offers broadband services at much faster speed than the existing technologies or 3G.
【Mumbai】For information technology and e-governance, the planned expenditure for 2010-11 should be around $2 billion, more than three times the outlay for such projects in the current financial year, and a similar amount is envisaged on the non-planned side.
【ムンバイ】中央銀行Reserve Bank of India (RBI)は９日、対外商業借款(ECB:external commercial borrowing)規則を緩和し、引き出しや返済スケジュールの修正、借入通貨の変更を認めた。（...続きを読む）
◆External Commercial Borrowing norms eased
【Mumbai】The Reserve Bank of India (RBI) on February 9 eased the guidelines for external commercial borrowings (ECBs), allowing corporates to modify the drawdown and repayment schedules and switch currencies.
【ムンバイ】インフラ産業への資金の流入を促進する狙いから、中央銀行Reserve Bank of India(RBI)は１２日、２施策を発表した。すなわち商業銀行(scheduled commercial bank)のインフラストラクチャー部門に対するエクスポージャー上限を資本金の２０％に引き上げるとともに、非銀行金融会社(NBFC:non-banking finance companies )に『インフラストラクチャー金融会社(IFC:infrastructure finance companies)』と言う新カテゴリーを設けた。（...続きを読む）
◆RBI uses two-pronged strategy to boost infrastructure funding
【Mumbai】To encourage flow of funds to the infrastructure sector, the Reserve Bank of India on February 12 introduced a two-pronged measure to facilitate funding for the sector. While the bank allowed scheduled commercial banks to enhance exposure to infrastructure companies up to 20% of their capital funds, it also introduced a new category of non-banking finance companies (NBFCs), called the infrastructure finance companies (IFCs).
【ニューデリー】インド政府は次期会計年度から月間対外投資統計を毎月発表する方針を決めた。産業政策振興局(DIPP:Department of Industrial Policy and Promotion)は、この点に関して中央銀行Reserve Bank of India(RBI)と密接に提携する。（...続きを読む）
◆Monthly investment outflow data from Apr
【New Delhi】The Indian government has decided to release the data on outward investments every month from next fiscal. The Department of Industrial Policy and Promotion (DIPP) is closely working with the Reserve Bank of India on this regard.
◆Two major pacts to be signed during Putin's visit to India
【New Delhi】Russia and India on February 16 decided to firm up two major pacts — on nuclear energy and a fifth generation fighter plane — when Russian Prime minister Vladmir Putin visits New Delhi next month.
【New Delhi】The Power Ministry is working on plans to develop 25,000 MW of new generation capacity using gas as feedstock over the next three-four years on the back of firm supplies of gas on the horizon.
【ニューデリー】Manmohan Singh首相の経済諮問委員会(PMEA:Prime Minister Manmohan Singh's economic advisory panel )は、電力不足に悩む国内経済の持続的成長を確保する上から、原子力発電市場を開放し、民間部門の原発事業への投資を認めるよう提案した。（...続きを読む）
◆Open up nuclear power sector for private players: PM's panel
【New Delhi】Prime Minister Manmohan Singh's economic advisory panel suggested that the nuclear power sector should be opened up to private investments which would help the power-starved economy to grow on a sustained basis.
【New Delhi】The government will start the process of third-generation mobile spectrum auction by this week-end by issuing bid document, as all issues with the law and the finance ministries stand resolved. The auction itself is likely to happen during the next financial year beginning in April.
【New Delhi】Finance Minister Pranab Mukherjee, who presented the Union Budget for 2010-11 with a considerable relief to individual and corporate tax payers and yet a fiscal deficit of 5.5 per cent of GDP in the Lok Sabha on Friday, said "We have seen impressive recovery in the past few months and can witness faster recovery in the coming months," adding, "the first challenge before the Government is to quickly revert to high GDP growth path of 9 per cent and the second challenge is to harness economic growth to make it more inclusive and consolidate gains."
◆India to be the world's fastest growing economy: Economic Survey
【New Delhi】India will bounce back to a high nine per cent growth in 2011-12 and will become the world's fastest growing economy in four years, according to the pre-budget survey (2009-10) laid before the Parliament by the Finance Minister, Mr Pranab Mukherjee on Thursday.
【New Delhi】The Finance Minister Pranab Mukherjee on February 26 presented the Budget for 2010-11 with a fiscal deficit of 5.5 per cent of GDP as he pegged the total expenditure at Rs 11.09 lakh crore while the total tax and non-tax revenue are estimated at Rs 6.82 lakh crore for 2010-11.
◆Drugmakers to benefit from tax incentives for R&D
【New Delhi】Indian drugmakers and research establishments will benefit from the increase in weighted deduction on in-house research and development (R&D) expenses to 200% from the present 150%, as proposed in the union budget. However the gain from the increase in R&D exemptions may be negated by the hike in excise duty from 8% to 10% on all non-petroleum products and increase in minimum alternate tax (MAT).
【ニューデリー】Pranab Mukherjee蔵相は２６日国会に新年度予算案を上程した際、中央銀行Reserve Bank of India (RBI)が、非銀行金融会社(NBFC:Non-Banking Financial Companies)を含むより多くの事業体に新規銀行ライセンスを発行すると語ったが、その数時間後、RBI筋は銀行設立規則を緩和する考えはないとコメントした。（...続きを読む）
◆RBI may dole out more banking licences
【New Delhi】Finance Minister Pranab Mukherjee said on February 26 the Reserve Bank of India (RBI) will issue banking licences to more entities including the Non-Banking Financial Companies (NBFCs). However RBI indicated that it had no intention of easing its norms barring companies from setting up banks, hours after the finance minister's announcement.