Business Economics & Services Team (BEST)
India's Economic & Investment Updates (3)
1. Industrial output dips
India's industrial output slides y 4.2% year on year in October 2014 mainly triggered by contraction in the manufacturing sector output by 7.6%. However, mining has shown remarkable growth at 5.2% as against a decline in the same period in the previous year (-2.9%). The electricity generation has impressively picked up during this time and grown by 13.3 % as against 1.3 % for the previous year . The most significant fall was for capital goods sector (-2.3%). The consumer durables contraction (35.2%) was also significant ofr the same period. Importantly, the retail price inflation has come down by 0.8 %.
2. Supreme Court Dismisses Bayer Plea Against generic Drug
The Supreme Court of India dismissed the Bayer appeal on the compulsory license issued on Nexaver-a drug for treating kidney and cancer.and upheld the Bombay High Court decision to give compulsory license to a Hyderabad based pharma company - Natco Pharma-to ahead with its plan, ending the litigation
3.RBI Governor For Boosting the Domestic Demand
The RBI Governor has underscored that the make in India plan should be focused mainly on boosting the domestic demand and not necessarily on increasing the domestic demand. The RBI Governor seems to be concerned about the inadequate aggregate demand, which must have pulled down the manufacturing growth.
4. Lok Sabha Passes Coal mine Auction Bill
The lower house has passed the bill for fresh auction of 204 coal blocks cancelled by the Supreme Court,paving the way for early solution of the problem. The bill is expected to be introduced in the Upper House -Rajya Sabha in the coming days.
India's Economic & Investment Updates (3)
1. Industrial output dips
India's industrial output slides y 4.2% year on year in October 2014 mainly triggered by contraction in the manufacturing sector output by 7.6%. However, mining has shown remarkable growth at 5.2% as against a decline in the same period in the previous year (-2.9%). The electricity generation has impressively picked up during this time and grown by 13.3 % as against 1.3 % for the previous year . The most significant fall was for capital goods sector (-2.3%). The consumer durables contraction (35.2%) was also significant ofr the same period. Importantly, the retail price inflation has come down by 0.8 %.
2. Supreme Court Dismisses Bayer Plea Against generic Drug
The Supreme Court of India dismissed the Bayer appeal on the compulsory license issued on Nexaver-a drug for treating kidney and cancer.and upheld the Bombay High Court decision to give compulsory license to a Hyderabad based pharma company - Natco Pharma-to ahead with its plan, ending the litigation
3.RBI Governor For Boosting the Domestic Demand
The RBI Governor has underscored that the make in India plan should be focused mainly on boosting the domestic demand and not necessarily on increasing the domestic demand. The RBI Governor seems to be concerned about the inadequate aggregate demand, which must have pulled down the manufacturing growth.
4. Lok Sabha Passes Coal mine Auction Bill
The lower house has passed the bill for fresh auction of 204 coal blocks cancelled by the Supreme Court,paving the way for early solution of the problem. The bill is expected to be introduced in the Upper House -Rajya Sabha in the coming days.
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