Niveshak October 2015 Issue with Page Flip version
Tuesday, November 3, 2015 , Posted by Team Niveshak at Tuesday, November 03, 2015
Dear Niveshaks,
The month of October has generated a lot of news from the government side with the Indian African Forum Summit 2015 taking place in New Delhi. Prime Minister Narendra Modi spoke to heads of states and delegates from all 54 African nations kick-starting the summit which also included various bilateral trade talks and Indian investment in the continent.
PM Modi announced concessional credit of USD 10 million over the next five years for Africa. He also announced grant assistance of USD 600 million which will include India-Africa Development Fund of USD 100 million.
The fiscal deficit of India from April to September was released. The Centre’s fiscal deficit for the period remained well within control at INR 3,78,563 crore or 68.1 per cent of the Budget Estimate on the back of a strong growth in revenue collections. The revenue deficit amounted to INR 2,69,008 crore or 68.2 per cent of the Budget estimate by September 30, according to data released by the Controller General of Accounts.
The government cleared 16 foreign investment proposals amounting to INR 4,722 crore. The investment proposals were approved following the recommendation for the same by the Foreign Investment Promotion Board (FIPB). However, it rejected 8 proposals including that of Cipla Health Limited and Apollo Hospitals Enterprise Limited.
The government also released the New Aviation Policy Draft. Incentives to fly to small towns at affordable costs and easing the norms for domestic carriers to operate services abroad are some of the highlights of the new draft aviation policy. The primary aim of the policy is to ensure a tariff of no more than INR 2,500 per ticket for each flying-hour with a host of incentives and other benefits to both airport developers and operators to make that happen.
The mergers and acquisitions market had seen one of the largest deal in the recent times and among the top 5 deals in the history with the acquisition of SABMiller by AB Inbev in a deal worth approximately USD 104 billion. However, to execute the deal, the firms may have to sell some of their assets to comply with various antitrust regulations
On the magazine front, the cover story of the month is on our very own Niveshak Investment Fund’s foray into the midcap segment. We, the fund managers of the NIF have decided to take the NIF one step ahead into the midcap arena. The cover story gives an analysis on some of the stocks we have shortlisted for the same. The Article of the Month is an interesting read on obtaining debt finance for start-up organisations. The FinGyaan section gives us some interesting facts on India’s FDI ecosystem. The FinSight section of the magazine covers an insight into the impact of global turmoil on Indian capital markets. Our FinView section is an interview with Prof. Anuj Puri, a visiting faculty at IIM Shillong and a practising lawyer in the Supreme Court. He gives us an interesting view on the current business scenario from a legal point of view.
To end this brief note, it’s important that we thank you, our readers, for your constant support and appreciation. Please continue to motivate us so that we can come out with more insightful reads in the issues to come. Keep pouring in.
The fiscal deficit of India from April to September was released. The Centre’s fiscal deficit for the period remained well within control at INR 3,78,563 crore or 68.1 per cent of the Budget Estimate on the back of a strong growth in revenue collections. The revenue deficit amounted to INR 2,69,008 crore or 68.2 per cent of the Budget estimate by September 30, according to data released by the Controller General of Accounts.
The government cleared 16 foreign investment proposals amounting to INR 4,722 crore. The investment proposals were approved following the recommendation for the same by the Foreign Investment Promotion Board (FIPB). However, it rejected 8 proposals including that of Cipla Health Limited and Apollo Hospitals Enterprise Limited.
The government also released the New Aviation Policy Draft. Incentives to fly to small towns at affordable costs and easing the norms for domestic carriers to operate services abroad are some of the highlights of the new draft aviation policy. The primary aim of the policy is to ensure a tariff of no more than INR 2,500 per ticket for each flying-hour with a host of incentives and other benefits to both airport developers and operators to make that happen.
The mergers and acquisitions market had seen one of the largest deal in the recent times and among the top 5 deals in the history with the acquisition of SABMiller by AB Inbev in a deal worth approximately USD 104 billion. However, to execute the deal, the firms may have to sell some of their assets to comply with various antitrust regulations
On the magazine front, the cover story of the month is on our very own Niveshak Investment Fund’s foray into the midcap segment. We, the fund managers of the NIF have decided to take the NIF one step ahead into the midcap arena. The cover story gives an analysis on some of the stocks we have shortlisted for the same. The Article of the Month is an interesting read on obtaining debt finance for start-up organisations. The FinGyaan section gives us some interesting facts on India’s FDI ecosystem. The FinSight section of the magazine covers an insight into the impact of global turmoil on Indian capital markets. Our FinView section is an interview with Prof. Anuj Puri, a visiting faculty at IIM Shillong and a practising lawyer in the Supreme Court. He gives us an interesting view on the current business scenario from a legal point of view.
To end this brief note, it’s important that we thank you, our readers, for your constant support and appreciation. Please continue to motivate us so that we can come out with more insightful reads in the issues to come. Keep pouring in.
Thank you.
Stay invested!
Team Niveshak
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