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    WEEKLY NEWSLETTER GROUP1

    1.

    GOVT CREATES 'JAPAN PLUS' TO FAST TRACK JAPANESE INVESTMENTS

    "Japan Plus" team has been created in the Department Of Industrial Policy and Promotion (DIPP) to

    facilitate and fast track Japanese investments. An outcome of the recently concluded visit of the Prime

    Minister of India to Japan, the mandate of the Japan Plus team runs through the entire spectrum of

    investment promotion research, outreach, promotion, facilitation and aftercare.

    The government has also constituted a Core Group chaired by the Cabinet secretary on India-Japan

    Investment Promotion Partnership. The commitment by Japan to invest $35 billion or 3.5 trillion YEN is

    for infrastructure sector over five years. This will include ongoing projects such as the Delhi-Mumbai

    Industrial Corridor or the Chennai-Bangalore Economic Corridor.

    Apart from public and private investments, this amount would include Japanese Overseas Development

    Assistance at a concessional rate. On Thursday, India and Japan also inked the bilateral advance pricing

    agreement, which is expected to bring clarity on taxation issues between the two authorities.

    Source:

    1. http://www.business-standard.com/article/economy-policy/imp-rotn-pls-government-creates-japan-

    plus-to-fast-track-japanese-investments-114100900980_1.html

    2.

    http://economictimes.indiatimes.com/news/economy/policy/india-sets-up-japan-plus-investment-team-to-speed-up-proposals/articleshow/44765782.cms

    2.

    INDUSTRIAL OUTPUT GROWS SLOWER THAN EXPECTED AT 0.4% IN AUGUST

    A weaker than expected growth in industrial production in August has been reported by the Indian

    manufacturing sector. The output of 0.4% though was unchanged from July but significantly lower than

    economists' expectation of a 2.2% increase. In August, manufacturing growth contracted to 1.4% as high

    inflation, poor infrastructure, bureaucratic red tape and a slow pace of government policy-making hurt

    confidence of investors and consumers.

    http://www.business-standard.com/article/economy-policy/imp-rotn-pls-government-creates-japan-plus-to-fast-track-japanese-investments-114100900980_1.htmlhttp://www.business-standard.com/article/economy-policy/imp-rotn-pls-government-creates-japan-plus-to-fast-track-japanese-investments-114100900980_1.htmlhttp://www.business-standard.com/article/economy-policy/imp-rotn-pls-government-creates-japan-plus-to-fast-track-japanese-investments-114100900980_1.htmlhttp://www.business-standard.com/article/economy-policy/imp-rotn-pls-government-creates-japan-plus-to-fast-track-japanese-investments-114100900980_1.htmlhttp://economictimes.indiatimes.com/news/economy/policy/india-sets-up-japan-plus-investment-team-to-speed-up-proposals/articleshow/44765782.cmshttp://economictimes.indiatimes.com/news/economy/policy/india-sets-up-japan-plus-investment-team-to-speed-up-proposals/articleshow/44765782.cmshttp://economictimes.indiatimes.com/news/economy/policy/india-sets-up-japan-plus-investment-team-to-speed-up-proposals/articleshow/44765782.cmshttp://economictimes.indiatimes.com/news/economy/policy/india-sets-up-japan-plus-investment-team-to-speed-up-proposals/articleshow/44765782.cmshttp://economictimes.indiatimes.com/news/economy/policy/india-sets-up-japan-plus-investment-team-to-speed-up-proposals/articleshow/44765782.cmshttp://economictimes.indiatimes.com/news/economy/policy/india-sets-up-japan-plus-investment-team-to-speed-up-proposals/articleshow/44765782.cmshttp://www.business-standard.com/article/economy-policy/imp-rotn-pls-government-creates-japan-plus-to-fast-track-japanese-investments-114100900980_1.htmlhttp://www.business-standard.com/article/economy-policy/imp-rotn-pls-government-creates-japan-plus-to-fast-track-japanese-investments-114100900980_1.html
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    The tepid industrial growth may increase pressure on the central bank to ease monitory policy earlier

    than it plans. Though a 5.7% increase in gross domestic product has been reported in the three months

    to June, which was the highest in more than two years.

    Source:

    1. http://www.nasdaq.com/article/indias-industrial-output-weaker-than-expected-in-august--update-

    20141010-00401

    2. http://www.livemint.com/Politics/rS1pg00dgB92KACosyCnfM/Industrial-output-grows-slowerthanexpected-at-04-in-Augu.html?utm_source=copy

    3.

    INDIA LIKELY TO JOIN ASIAN INFRASTRUCTURE BANK

    Chinese President Xi Jingping has announced the formation of the Asian Infrastructure Bank (AIB).

    Thought on the lines of the Asian Development Bank (ADB), it is expected to boost the infrastructure

    financing in the region. The ADB, which was established in 1966, has Japan and the US as the greatest

    shareholders followed by China and India respectively. Both Japan and the US have majority voting rights

    at ADB and this had been a bone of contention with China, who had long been vying for a larger share.

    The AIB has been announced as a measure to bring better economic growth to the region and to

    effectively manage the flow of money. China would possess 42% of the voting rights, followed by India,

    who has just confirmed to join the AIB, with 19% rights.

    Source:

    1.

    http://www.business-standard.com/article/opinion/a-new-source-of-funding-asian-infrastructure-

    investment-bank-shakes-up-old-structures-114091000609_1.html

    2. http://timesofindia.indiatimes.com/business/india-business/India-likely-to-join-Asian-infrastructure-bank/articleshow/44455632.cms

    4. CHINA'S GATEWAY TO GLOBAL FINANCIAL MARKETS IN DANGER?

    Hong Kongsstatus as one of the world's most important financial centers could change if China reacts

    too severely to pro-democracy protests currently disrupting the city. International companies appreciate

    http://www.nasdaq.com/article/indias-industrial-output-weaker-than-expected-in-august--update-20141010-00401http://www.nasdaq.com/article/indias-industrial-output-weaker-than-expected-in-august--update-20141010-00401http://www.nasdaq.com/article/indias-industrial-output-weaker-than-expected-in-august--update-20141010-00401http://www.nasdaq.com/article/indias-industrial-output-weaker-than-expected-in-august--update-20141010-00401http://www.livemint.com/Politics/rS1pg00dgB92KACosyCnfM/Industrial-output-grows-slowerthanexpected-at-04-in-Augu.html?utm_source=ref_articlehttp://www.livemint.com/Politics/rS1pg00dgB92KACosyCnfM/Industrial-output-grows-slowerthanexpected-at-04-in-Augu.html?utm_source=ref_articlehttp://www.livemint.com/Politics/rS1pg00dgB92KACosyCnfM/Industrial-output-grows-slowerthanexpected-at-04-in-Augu.html?utm_source=ref_articlehttp://www.livemint.com/Politics/rS1pg00dgB92KACosyCnfM/Industrial-output-grows-slowerthanexpected-at-04-in-Augu.html?utm_source=ref_articlehttp://www.business-standard.com/article/opinion/a-new-source-of-funding-asian-infrastructure-investment-bank-shakes-up-old-structures-114091000609_1.htmlhttp://www.business-standard.com/article/opinion/a-new-source-of-funding-asian-infrastructure-investment-bank-shakes-up-old-structures-114091000609_1.htmlhttp://www.business-standard.com/article/opinion/a-new-source-of-funding-asian-infrastructure-investment-bank-shakes-up-old-structures-114091000609_1.htmlhttp://www.business-standard.com/article/opinion/a-new-source-of-funding-asian-infrastructure-investment-bank-shakes-up-old-structures-114091000609_1.htmlhttp://timesofindia.indiatimes.com/business/india-business/India-likely-to-join-Asian-infrastructure-bank/articleshow/44455632.cmshttp://timesofindia.indiatimes.com/business/india-business/India-likely-to-join-Asian-infrastructure-bank/articleshow/44455632.cmshttp://timesofindia.indiatimes.com/business/india-business/India-likely-to-join-Asian-infrastructure-bank/articleshow/44455632.cmshttp://timesofindia.indiatimes.com/business/india-business/India-likely-to-join-Asian-infrastructure-bank/articleshow/44455632.cmshttp://timesofindia.indiatimes.com/business/india-business/India-likely-to-join-Asian-infrastructure-bank/articleshow/44455632.cmshttp://timesofindia.indiatimes.com/business/india-business/India-likely-to-join-Asian-infrastructure-bank/articleshow/44455632.cmshttp://www.business-standard.com/article/opinion/a-new-source-of-funding-asian-infrastructure-investment-bank-shakes-up-old-structures-114091000609_1.htmlhttp://www.business-standard.com/article/opinion/a-new-source-of-funding-asian-infrastructure-investment-bank-shakes-up-old-structures-114091000609_1.htmlhttp://www.livemint.com/Politics/rS1pg00dgB92KACosyCnfM/Industrial-output-grows-slowerthanexpected-at-04-in-Augu.html?utm_source=ref_articlehttp://www.livemint.com/Politics/rS1pg00dgB92KACosyCnfM/Industrial-output-grows-slowerthanexpected-at-04-in-Augu.html?utm_source=ref_articlehttp://www.nasdaq.com/article/indias-industrial-output-weaker-than-expected-in-august--update-20141010-00401http://www.nasdaq.com/article/indias-industrial-output-weaker-than-expected-in-august--update-20141010-00401
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    Hong Kong as a hub for carrying out business with China not just because it is a financial center, but

    because of the secure legal conditions and the independence of the courts in the city.

    The Hong Kong Stock Exchange (HKEx) is the sixth largest stock exchange in the world and the second

    largest in Asia. The "special administrative region" is also the second-largest private equity center in Asia.

    More than 70 of the world's 100 biggest banks operate in Hong Kong, and some two-thirds of all direct

    foreign investments in China pass through this nerve center.

    A violent crackdown on the pro-democracy demonstrators currently staging protests in the city center

    could have extremely damaging consequences. If Hong Kong were to be damaged as a financial center

    amid the current political unrest, it would considerably accelerate Shanghai's rise to become the most

    important international financial hub in China - not just because the Chinese government will try to bring

    this about, but also because Chinese and international demand will move in the direction of Shanghai. If

    Hong Kong were to suffer a political setback, Singapore would profit from it. But the main beneficiary

    would be Shanghai.

    Source:

    1.

    http://www.dw.de/is-chinas-gateway-to-global-financial-markets-in-danger/a-17972748

    2.

    http://qz.com/272952/why-china-doesnt-feel-the-need-to-back-down-in-hong-kong/

    3.

    RECENT TRENDS IN CRUCIAL ECONOMIC INDICATORS

    Consumer prices in India rose to 7.8 percent annual in August of 2014, slowing slightly from 7.96 percent

    in July. Food Inflation in India remained unchanged at 9.16 percent in August of 2014 from 9.16 percent

    in July of 2014. GDP growth rate of 5.7 is a major recovery for the Indian economy. However monsoon

    deficiency remains a cause of worry as it also affects non-agricultural sectors through demand effects.

    Foreign Direct Investment in India decreased to 2390 USD Million in June of 2014 from 4753 USD Million

    in May of 2014. Foreign Exchange Reserves in India decreased to $ 311427 Million in the week ended

    October 3rd, 2014 from $ 314118.5 Million in the previous week.

    Source:

    1.

    http://www.tradingeconomics.com/india/inflation-cpi

    2. http://www.tradingeconomics.com/india/food-inflation

    3.

    http://www.tradingeconomics.com/india/gdp-growth-annual

    http://www.dw.de/is-chinas-gateway-to-global-financial-markets-in-danger/a-17972748http://qz.com/272952/why-china-doesnt-feel-the-need-to-back-down-in-hong-kong/http://www.tradingeconomics.com/india/inflation-cpihttp://www.tradingeconomics.com/india/food-inflationhttp://www.tradingeconomics.com/india/gdp-growth-annualhttp://www.tradingeconomics.com/india/gdp-growth-annualhttp://www.tradingeconomics.com/india/gdp-growth-annualhttp://www.tradingeconomics.com/india/food-inflationhttp://www.tradingeconomics.com/india/inflation-cpihttp://qz.com/272952/why-china-doesnt-feel-the-need-to-back-down-in-hong-kong/http://www.dw.de/is-chinas-gateway-to-global-financial-markets-in-danger/a-17972748