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July 2010 Economy


The United Nations Conference on Trade and Development (UNCTAD) said India would emerge as the third largest recipient of foreign direct investment (FDI) for the three-year period ending 2012. 



Three Indian projects KG-D6, an integrated gas infrastructure projects , the 4,000 MW Mundra plant and Indira Gandhi International Airport, Delhi have been featured in Global consultancy firm KPMG's infrastructure 100 global project report. 



The Takeover Regulations Advisory Committee, constituted under the Chairmanship of C. Achuthan, submitted its report to C. B. Bhave, Chairman, Securities and Exchange Board of India (SEBI). 



The Union Cabinet approved a unique symbol designed by Bombay IIT post-graduate D. Udaya Kumar with a blend of the Devanagari ‘Ra' and Roman ‘R' to give a distinctive character and identity to the Indian currency . 



The State Bank of India and the State General Reserve Fund (SGRF) of Oman signed an agreement to set up a joint investment fund with an initial corpus of $100 million. The India Oman Joint Investment Fund shall aim at making equity investments in various sectors of the Indian economy.



Eight Indian companies have made into the list of the world's 500 largest companies compiled by Fortune magazine. IOC has the highest rank of 125 among the featured Indian companies, followed by RIL at the 175th spot, SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442). 



According to a business survey conducted by Associated Chambers of Commerce and Industry of India (Assocham).Tamil Nadu Gujarat and Maharashtra are the top three preferred investment destinations in India. 


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