Used to Leading, Modi Follows Some
Total Page：16
File Type：pdf, Size：1020Kb
Used to leading, Modi follows some... The most-followed Indian politician tracks Gates, Tata and Mahindra on Twitter WORLD’S RICHEST INDIAN BUSINESS MOVIE STARS WORLD LEADERS SINGERS TRACKED BY MODI MAN LEADERS Tweets he keeps a tab on are an indicator of his interests Lata Mangeskar Ratan Tata Ajay Devgn Barack Obama David Cameron Bill Gates CRICKETER Amitabh Bachchan Anand Mahindra Akshay Kumar Shinzo Abe Dalai Lama Sachin Tendulkar OTHERS A R Rahman, APJ Abdul Kalam JOURNALISTS AND COMMENTATORS Swapan Dasgupta, Bibek Debroy, Sucheta Dalal and Prabhu Chawla POLLS IN SIGHT, POLICY IN OVERDRIVE In contrast to its policy paralysis earlier, the government has recently taken a slew of economic policy measures. A Business Standard snapshot on gainers and losers: June 21 June 28 DECISION: Cabinet allows DECISION: PM sets up power companies to pass on to ambitious infrastructure targets customers the additional cost of for infrastructure sectors — imported coal to bridge the power, coal, ports, airports, domestic fuel shortage railways — for 2013-14 50 small airports, nine IMPACT: Tata Power, operating 4,000-Mw of which are planned in the electorally important Mundra power project, to gain Adani Power, state of Uttar Pradesh, to be set up At least operating 4,200-Mw project at Mundra in ~100,000 crore of PPP projects to be set up in the Gujarat to gain GVK Power to gain NTPC, next six months which imports around 12 MT coal annually for its IMPACT: Projects to come up: Mumbai projects, to gain Elevated Railway Corridor, two new locomotive projects, one expressway project, two new ports — one each in West Bengal and Andhra June 21 Pradesh Companies involved in coal, power, DECISION: Cabinet ports, airports, railways to gain Construction Committee On Economic Affairs players to gain immensely The indirect okays a proposal to allow benefits of infrastructure to be reaped by other concessionaire to exit from PPP sectors highways by selling its entire equity to another entity June 29 IMPACT: Highway projects to get a willing partner. Many existing developers are facing a DECISION: Income tax severe shortage of funds. Earlier this year, GMR department withdraws one Infrastructure and GVK Power and Infrastructure circular and amends another to scrapped their agreements with NHAI allay fears of multinational companies over raising their tax dues IMPACT: Most MNC R&D centres, including the June 27 likes of Microsoft, IBM, GE, Intel, Phillips, Adobe DECISION: Cabinet doubled etc, to gain the natural gas price to $8.4 a million British Thermal Unit (mbtu) from the existing $4.2 July 3 mbtu. DECISION: Cabinet clears IMPACT: ONGC to gain — every dollar rise in Ordinance to provide subsidised gas prices raises earnings per share estimates by 5 kg foodgrains a month to 67 8-9 per cent Reliance Industries Ltd to gain — per cent of India's population every dollar rise will give a 2 per cent rise in EPS IMPACT: Companies engaged in private Power and fertiliser companies — NTPC, RCF, procurement like Glencore, Louis Dreyfus already GAIL — to lose. IGL to have neutral impact. affected. Their woes not to increase much.