Economy - Reports

Economy - Reports

Foreign Exchange Earnings from Tourism Increases by 12.8 Per Cent in September 2013

(10-Oct-2013  , 09:36 Hours IST)

Foreign Exchange Earnings (FEEs) from tourism in Rupees terms in September, 2013 increased by 12.8% to Rs.7502 crore as compared to Rs.6652 crore in September, 2012. Foreign Tourist Arrivals (FTAs) in September, 2013 was 4.36 lakh as against 4.12 lakh in September 2012 showing a growth of 5.8%.
The following are some of the important highlights regarding FTAs and FEEs from tourism during the month of September, 2013:
Foreign Exchange Earnings (FEEs) from Tourism in rupee terms and US$ terms
·FEEs during the month of September 2013 were Rs 7,502 crore as compared to Rs 6,652 crore in September 2012 and Rs 5,748 crore in September 2011.
·The growth rate in FEEs in rupee terms in September 2013 over September 2012 was 12.8% as compared to 15.7% in September 2012 over September 2011.
·FEEs from tourism in rupee terms during January to September 2013 were Rs 75,214 crore with a growth of 13.9%, as compared to the FEEs of Rs 66,061 crore with a growth of 22.9% during January to September 2012 over the corresponding period of 2011.
·FEEs in US$ terms during the month of September 2013 were US$1.175 billion as compared to FEEs of US$1.219 billion during the month of September 2012 and US$ 1.208 billion in September 2011.
The growth rate in FEEs in US$ terms in September 2013 over September 2012 was negative growth of 3.6% as compared to the growth of 0.9% in September 2012 over September 2011.
FEE from tourism in terms of US$ during January to September 2013 were US$13.200 billion with a growth of 5.7%, as compared to US$ 12.492 billion with a growth of 5.1% during January-September 2012 over the corresponding period of 2011.
Foreign Tourist Arrivals (FTAs):
·FTAs during the Month of September 2013 were 4.36 lakh as compared to FTAs of 4.12 lakh during the month of September 2012 and 4.17 lakh in September 2011.
·There has been a growth of 5.8% in September 2013 over September 2012 as compared to a negative growth of 1.4% registered in September 2012 over September 2011.
·FTAs during the period January to September 2013 were 47.41 lakh with a growth of 3.8%, as compared to FTAs of 45.67 lakh with a growth of 5.2% during January to September 2012 over the corresponding period of 2011.
                                                 
The Total Energy Generation during the period April 2013-September 2013 has been 481.85 Billion Units

Economy - Reports

The Total Energy Generation during the period April 2013-September 2013 has been 481.85 Billion Units

(10-Oct-2013  , 15:40 Hours IST)

The Total Energy Generation during the period April 2013-September 2013 has been 481.85 Billion Units which was 105.73% of the actual generation during the same period last year. The generation during April 2012- September 2012 as compared to the corresponding period of the previous year was 104.75%.During the period April 2013-September 2013, hydro generation has been 110.45%, nuclear generation has been 96.50% and thermal generation has been 98.13% over the same period last year. IFC Launches $1 Billion Bond Program to Strengthen India's Capital Markets, Attract Foreign Investment (10-Oct-2013  , 14:02 Hours IST) International Finance Corporation (IFC), a member of the World Bank Group, has launched a $1 billion offshore bond program—the largest of its kind in the offshore rupee market—to strengthen India's capital markets and attract greater foreign investment in a time of renewed economic uncertainty across the world. Under the program, IFC will issue rupee-linked bonds and use the proceeds to finance private sector investment in the country. “Vibrant domestic capital markets ensure access to long-term, local-currency finance for the private sector—the key engine of job creation in emerging markets,” said Jin-Yong Cai, IFC's CEO. “IFC's offshore bond program will help bring depth and diversity to the offshore rupee market and pave the way for an alternative source of funding for Indian companies.” India accounted for $4.5 billion of IFC's committed investment portfolio as of June 30, 2013—more than any other country. In FY13, IFC invested $1.38 billion in India to achieve several strategic priorities such as promoting inclusive growth in India's low-income states, addressing climate change, and supporting global economic integration. Arvind Mayaram, Secretary of Economic Affairs in India's Ministry of Finance, said: “We see IFC as an important development partner. It has been contributing significantly in financing private sector projects, including public-private partnerships, in several key developmental areas. With the launch of a rupee bond in the global markets, IFC is turning a new corner. This is a new initiative for the intermediation of international savings for development in India. It will also help deepen the capital markets in India and establish an Indian rupee benchmark in the global markets