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Foreign cos seeking FIPB nod to share more details
Foreign entities seeking investment clearance in India may now be asked to furnish details including their shareholding structure, address of the parent and source of funds, in view of recent taxation issues.

Political hardsell shortage
Is the Doha Development Round (DDR) dead, as the anti-globalisation activists claim? Not yet, said trade ministers of the 153 member-countries of the Word Trade Organisation at the seventh Ministerial Conference at Geneva last week. They ended the Conference with a general agreement to recommence the stalled negotiations of the DDR and take it to conclusion by the end of next year. Even such broad agreement was in sharp contrast to the acrimony and bitterness that characterised the earlier failed trade talks at Cancun and Hong Kong.

News of the day

CEOs upbeat over growth prospects, to raise headcount
Most of the business leaders surveyed across the world sounded optimistic about growth prospects and are planning to raise headcounts this year, indicating that fears of world financial meltdown have receded, said a survey.
Small Business

UPDATE: Inflation jumps to 7.31% in Dec

Wholesale prices-based inflation leaped to 7.31 per cent in December, shooting past RBI"s forecast of 6.5 per cent-level by this fiscal end, as food items such as sugar, potatoes and pulses turned costlier. Overall inflation in November was 4.78 per cent. - Bonds gain as yields near 15-month high lure investors - Inflation temporary; prices to come down by month-end: Montek - High food inflation worries Centre - Cabinet Secy says stimulus review in Budget - Govt to review food price situation on Tuesday - Amar Singh defends Pawar on price rise issue However, food inflation (prices of non-processed food articles) measured separately for the week ending January 2, eased a bit to 17.28 per cent from 18.22 per cent a week ago. If this trend in food inflation continues in the weeks ahead, then overall inflation may also fall. Sugar, whose prices have become a cause of concern for the government with retail prices nearing Rs 50 a kg, rose 53.98 per cent in December year-on-year. Yesterday, the government announced a slew of measures to tame sugar prices. In the month of December, food inflation stood at 19.17 per cent, whereas food inflation in manufactured items was as high as 26.40 per cent. Potato prices more than doubled in December, while pulses turned expensive by more than 40 per cent. However, other manufactured inflation remained subdued. To prevent food inflation from spreading to other items, RBI in its monetary policy later this month may announce measures to squeeze money supply, anaylsts said.


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