Group items tagged

This article is interesting because it is quite important in terms of the impact it could have on the U.S. India is one of very few countries near the Middle East that is "stable" at the moment, and the U.S. as a country imports quite a bit of its oil from the Middle East. This is very closely related to what we have been studying this week, in that when something is scarce, or demand is high, prices elevate. Not only is it a good decision on India's part to raise prices because it will help their own national fiscal rating, but it will also take advantage of the fact that many countries will begin turning to them as a primary source of oil / diesel until the situations in the arab spring are resolved. India is doing a smart thing fiscally, while capitalizing on unrest in the arab spring and maximizing their profit during this time of high interest in the good that they have to offer.

The article is talking about the national income rises according to the development and improvement of the country from back then until now. The boost of national income in India was 8.2 per cent GDP between 2003-2008. The prime minister of economic advisory council lowered the economic growth.However, the GDP per capita was higher than the national income in India which is better because it showed the amount of money that individuals have and how they improved.

This article refers to aggregate demand in 2010 and it states that India's fiscal and monetary policies had saved India from slipping onto another recession. Firstly the article states that India relies heavily on domestic demand because it cannot heavily rely on export and therefore they needed the measures to increase aggregate demand. This increase in aggregate demand, even though it has not been mentioned, can be assumed to shift the demand curve to the right and therefore more real output is demanded at every price level.

A new poll shows that India's economic recovery may not go according to plan. The country aimed this year to keep the fiscal deficit at 5.3% of Gross Domestic Product, .5% lower than last year's. Reuters polled 21 different economists to get their opinion on the matter, and most agree that India's higher spending on fuel and fertilizer subsidies could keep the country from reaching its new goal. Because of this, it seems likely that India's credit rating will soon be downgraded from BBB- to a "junk-bond" status.

The current account deficit in India has improve somewhat, to its lowest percentage of GDP in several years, due mostly to an increase in exports accompanied by a sharp decrease in the importing of gold. However, this improvement has been met by a similar change in the capital account, which has decreased and is expected to decrease further in the future due to a variety of factors involving foreign direct investment, commercial banking, and portfolio investment.

India, due to its plans to discourage gold imports, is increasing tariffs on Dubai. Dubai, a major provider of gold for India, is suffering because of the new tariff. As India was Dubais top trading partner; purchasing about 50% of Dubais gold. However, the tariff on Dubai gold imports have not stopped the trade, not in the least. In fact due to the tariff, more illegal transactions are underway to obtain gold.

This is an interesting article because it is a great example of justified price controls. A panel was chosen to go through and examine what exactly should be controlled, and it shows that price controls, if implemented correctly, can be extremely beneficial. 

This article is really interesting as it really gives you a sense on why a government would put in place a maximum price. The Indian government has decided to "put a cap " on the price of pharmaceutical drugs, such as AIDS drugs or similar things.

This article is interesting due to the fact that it highlights the ideas of supply and demand particularly on an international scale.

This article is interesting as it demonstrates the concept of a quota on an international level as opposed to a domestic level.

This really short article, i think, represents the real world problems of price marketing on a global scale. There is a bit of tension between two country's, West Benegal and India, over the price of coal. India is not cooperating with their usual partner to lower the price, and Benegal thinks that the importing cost is insanely high, thus we have a bit of a problem.

This article is interesting due to the fact that it demonstrates how companies may try to work around price controlling.

This article discusses the options that Reserve Bank of India governor Duvvuri Subbarao faces regarding how to handle the current issue of slow economic growth in the country. The author argues that a lack of aggregate demand is not to blame for the economic issues, so attempting to increase demand through lower interest rates, for example, is not the correct way to go about solving the issue. Instead, he points to fundamental issues in the management of the country's economy that have led to an unstable condition.

The article is talking about India is projected to grow by 6 per cent in the current fiscal while growth is expected to be steady in most of the Asia Pacific economies.It, however, cautioned that a weaker global risk appetite and a poor monsoon would pull down growth to around 5 per cent in 2013-14 fiscal. In India, poor monsoon seasons would pull growth down to around 5 per cent in 2013 and would reach 6.5 per cent.India's growth forecast has been lowered to 6 per cent in 2013 and 6.7 per cent in 2014 on weaker consumption and exports.

This article showed the relation between the price and demand. The oil companies need guar gum powder for fracking to get oil, this increase the demand of guar and the guar price rised up. In our textbook, the relationship is a little bit different. Our textbook said as the price increase the demand of the product will increase, where as in this article as the demand increase the price will increase. This article showed me the mutual relation between the price and the demand.

This article is about how the chairman of an Indian Oil Company has no control over the price mechanisms of his product, and thus is in great debt. In response to this, he want the government to take over price controls for oil. Although government price control has not worked out particularly well in the past, in such a dire situation it is easy to see how this might be viewed as a good solution

The article talks about India it was firmly committed to the establishment of a free trade area in south Asia but emphasised that a review of several tariff and non-tariff barriers was necessary to augment formal trade in the region."We are firmly committed towards the establishment of a free trade area in south Asia. The region has a large potential common market and a large skilled low-wage workforce," Minister of State for External Affairs Digvijay Singh said here.There were several tariff and non-tariff barriers to trade in the region which should be reviewed to augment formal trade within the region.

The areticle is about the Reserve Bank of India stopped listening to lullabies of praise on its exemplary handling of monetary and exchange rate policies. The current policy keeps piling up useless reserves, offers wholly avoidable arbitrage opportunities to patriotic residents and even more patriotic non-residents, hikes interest rates, depresses growth and widens the fiscal deficit. People are raising dollar debt and not bothering to cover forward. They are confident that the rupee would either appreciate against the dollar or at least hold steady till repayment time.When dollars come into India, they have to be converted into rupees. This conversion bloats our forex reserves and injects rupees into the system. If all the rupees created as a result of dollar inflows were to be allowed to add to the money supply, that would reduce interest rates and also create the potential for inflation. So the RBI sterilises such rupee injections by selling government bonds and mopping up rupees from the system. The increased supply of government bonds brings down their price, hiking the yield. Thus, sterilisation pushes up interest rates.

Indian government has announced that 60% of entire domestic pharma market will be under official price control. The policies of National Pharmaceuticals Pricing Policy will cover 348 products on the 2005 National List of Essential Medicines (NELM) plus others added to the newly-updated List (NELM-2011), which includes some 450 products.The long-awaited draft policy would also change the way prices of controlled products are regulated. Under the current Drug Price Control Order (DPCO), prices are based on market share, but the government's draft policy proposes changing to a system of setting a ceiling on the prices of formulations based on the Weighted Average Price of the leading three brands.

This article takes about the Reserve Bank has turned to a growth. The author explains how the aggregated demand (even not visible) isn't the main factor.

This article is fairly recent and introduced me to another way of measuring economic growth in industries. the IIP stands for the Index for Industrial Production and it is discussed in the article that this value has corresponded to what has been expected, a negative number that is close to zero. This however is because there are many factors that are affecting aggregate supply, such as wage price inflation and the increase in land, a factor of production. However the author doesnt seem to be too worried about aggregate supply, rather He is worried that aggregate demand is on its way down.

This article talks about an increase in wages in India and that land prices is a key factor in wage changes. Also they are talking about a reserve bank, how it turned to grow and essential role of aggregate demand in it operating.