rbi released


Date : June 2018
India’s International Investment Position (IIP), March 20181
Today, the Reserve Bank released data relating to India’s International Investment Position as at end-March 2018.
Key Features of India’s IIP in March 2018
I. Quarterly Variations:
·         Net claims of non-residents on India declined by US$ 1.8 billion during the quarter (Table 1).
·         Indian residents’ overseas financial assets increased by US$ 19.6 billion, a substantial portion of which came from increase in reserve assets.
·         Foreign-owned assets in India increased by US$ 17.8 billion with broad-based contribution from portfolio debt securities, trade credit, commercial loans, foreign direct investment and currency and deposits.
·         Reserve assets accounted for over two-thirds of India’s international financial assets; overseas direct investment was the second largest category of assets (Table 3).
·         Debt and non-debt liabilities had nearly equal share in total liabilities to non-residents (Table 4).
·         The ratio of India’s international financial assets to international financial liabilities stood at 60.1 per cent in March 2018 (59.2 per cent in December 2017).
II. Annual Variations
·         There was an increase of US$ 31.8 billion in net claims of non-residents on India during 2017-18, as the increase in foreign owned assets in India (US$ 94.7 billion) exceeded the increase in Indian residents’ overseas financial assets (US$ 62.9 billion).
·         The major portion of the increase in India’s international financial assets came from reserve assets.
·         Direct investment, portfolio debt investment, trade credit, and, currency and deposits contributed to the higher increase in liabilities to non-residents.
III. Ratio of International Financial Assets and Liabilities to GDP
·         The ratio of total international financial assets to Gross Domestic Product (GDP) at current prices, increased marginally to 24.5 per cent in March 2018 from 24.2 per cent a year ago (Table 2). The ratio of reserve assets to GDP increased to 16.5 per cent in March 2018 from 15.7 per cent a year ago.
·         The ratio of total international financial liabilities to GDP stood at 40.8 in March 2018, nearly same as a year ago.
·         The ratio of net IIP to GDP was (-) 16.3 per cent in March 2018.
Table 1: Overall International Investment Position of India
(US $ billion)
Period
Mar-17(R)
Jun-17(PR)
Sep-17(PR)
Dec-17(PR)
Mar-18(P)
Net IIP
-388.5
-400.6
-397.6
-422.1
-420.3
A. Assets
569.9
582.3
600.9
613.2
632.8
1. Direct Investment
148.2
151.2
153.5
155.2
157.4
2. Portfolio Investment
2.6
2.1
2.5
2.6
2.7
    2.1 Equity Securities
1.6
2.0
2.4
2.3
1.3
    2.2 Debt Securities
1.0
0.1
0.0
0.3
1.4
3. Other Investment
49.1
42.4
44.7
46.3
48.2
    3.1 Trade Credits
1.8
1.2
1.3
1.6
1.7
    3.2 Loans
7.4
5.2
6.0
5.6
8.2
    3.3 Currency & Deposits
22.0
18.1
19.2
20.8
20.8
    3.4 Other Assets
17.9
18.0
18.3
18.4
17.5
4. Reserve Assets
370.0
386.5
400.2
409.1
424.5
B. Liabilities
958.4
982.8
998.5
1035.3
1053.1
1. Direct Investment
342.6
353.2
364.1
377.5
379.4
2. Portfolio Investment
238.4
250.9
253.8
267.5
272.2
    2.1 Equity Securities
154.0
154.9
150.1
155.7
155.1
    2.2 Debt securities
84.4
96.0
103.7
111.8
117.1
3. Other Investment
377.4
378.7
380.6
390.3
401.5
    3.1 Trade Credits
88.9
89.6
93.6
98.4
103.2
    3.2 Loans
159.5
158.3
156.6
155.9
159.7
    3.3 Currency & Deposits
117.1
118.5
118.3
123.5
126.4
    3.4 Other Liabilities
11.9
12.3
12.2
12.4
12.2
Memo item: Assets to Liability Ratio (%)
59.5
59.2
60.2
59.2
60.1
R: Revised    PR: Partially revised    P: Provisional;
The sum of the constituent items may not add to the total due to rounding off.

Table 2: Ratios of External Financial Assets and Liabilities to GDP
(per cent)
Period
Mar-16 (R)
Mar-17 (PR)
Mar-18(P)
Net IIP (Assets - Liabilities)
-17.4
-16.5
-16.3
A. Assets
26.5
24.2
24.5
1. Direct Investment Abroad
6.8
6.3
6.1
2. Portfolio Investment
0.1
0.1
0.1
    2.1 Equity Securities
0.1
0.1
0.0
    2.2 Debt Securities
0.0
0.0
0.1
3. Other Investment
2.3
2.1
1.9
    3.1 Trade Credits
0.1
0.1
0.0
    3.2 Loans
0.3
0.3
0.3
    3.3 Currency and Deposits
1.0
0.9
0.8
    3.4 Other Assets
0.8
0.8
0.7
4. Reserve Assets
17.3
15.7
16.5
B. Liabilities
43.9
40.7
40.8
1. Direct Investment in India
14.2
14.6
14.7
2. Portfolio Investment
10.8
10.1
10.6
    2.1 Equity Securities
6.8
6.5
6.0
    2.2 Debt securities
4.0
3.6
4.5
3. Other Investment
18.9
16.0
15.6
    3.1 Trade Credits
4.0
3.8
4.0
    3.2 Loans
8.2
6.8
6.2
    3.3 Currency and Deposits
6.1
5.0
4.9
    3.4 Other Liabilities
0.6
0.5
0.5

Table 3: Composition of International Financial Assets and Liabilities of India
(per cent)
Period
Mar-17(R)
Jun-17(PR)
Sep-17(PR)
Dec-17(PR)
Mar-18(P)
A. Assets





1. Direct Investment
26.0
26.0
25.5
25.3
24.9
2. Portfolio Investment
0.5
0.4
0.4
0.4
0.4
3. Other Investment
8.6
7.3
7.4
7.6
7.6
4. Reserve Assets
64.9
66.3
66.6
66.7
67.1
Assets/Liabilities
100.0
100.0
100.0
100.0
100.0
B. Liabilities





1. Direct Investment
35.7
36.0
36.5
36.5
36.0
2. Portfolio Investment
24.9
25.5
25.4
25.8
25.9
3. Other Investment
39.4
38.5
38.1
37.7
38.1

Table 4: Share of External Debt and Non-Debt Liabilities of India
(per cent)
Period
Mar-17(R)
Jun-17(PR)
Sep-17(PR)
Dec-17(PR)
Mar-18(P)
Non-Debt Liabilities
50.3
50.1
49.9
50.0
49.2
Debt Liabilities
49.7
49.9
50.1
50.0
50.8
Total
100.0
100.0
100.0
100.0
100.0
Jose J. Kattoor
Chief General Manager
Press Release: 2017-2018/3410

1 India’s quarterly IIP is disseminated with a one- quarter lag. The IIP for end- December 2the public domain on March 28, 2018






                                                   JULY 2018
HELPING HAND TO RURAL WOMEN ENTREPRENEURS
A platform for women entrepreneurs, which has helped around 50 businesses in south India, will be starting its chapter in Bengaluru.

Published: 21st July 2018 01:24 AM  |   Last Updated: 21st July 2018 01:24 AM  
·         Related Image
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·         Click on the image to expand
By Express News Service
BENGALURU : A platform for women entrepreneurs, which has helped around 50 businesses in south India, will be starting its chapter in Bengaluru. This is to help women, in rural areas especially, as well as those from smaller cities, get a head start in their business ventures. Women Entrepreneurs India (WEI), based in Chennai, will be launched in Bengaluru on July 23.  "Our focus has always been SMEs (small and medium-sized enterprises) and rural businesses. We have organised events and workshops in small towns and cities, giving budding women entrepreneurs training in many areas," says Mahalakshmi Sarvanan, founder, WEI.
Some of these programmes include how to use smartphones, accessing email, how to network with financers and preparing project reports. "We want to spread in rural areas and give enterprising women a chance to fulfil their dreams through training and mentoring through various processes, such as marketing, connecting with banks, how to prepare business pitches, and more," adds Mahalakshmi.
The aim of WEI Bengaluru is to at least help around 100 women entrepreneurs. "The response from Bengaluru has been amazing. We hope to convert these into flourishing businesses" .
Kausalya Devi, local champion (Bengaluru), WEI, who runs an events management business, says that looking at the model followed in Chennai where the platform is based, a number of programmes and events for rural women entrepreneurs have been organised, "There have been events in Tirupur and other small cities in Tamil Nadu. An event is going to take place in Ooty as well. So the focus has been, and will be, women from two-tier and three-tier cities, and those in rural areas. We are also planning a number such events in small towns and cities in Karnataka in the coming months," says Kausalya.    
Some of the success stories range from an entrepreneur who started her own line of herbal beauty products business to another one who founded her own culinary institute. "We want to provide a platform for any business, not just those that are tech-related as is expected in Bengaluru," says Mahalakshmi.






                                                    August 2018

LIST OF TRADING HOLIDAYS

NSE will observe the following Trading Holidays during the Calendar Year January to December, 2018.


Holidays
Date
Day
1
Republic Day
January 26, 2018
Friday
2
Mahashivratri
February 13, 2018
Tuesday
3
Holi
March 02, 2018
Friday
4
Mahavir Jayanti
March 29, 2018
Thursday
5
Good Friday
March 30, 2018
Friday
6
Maharashtra Day
May 01, 2018
Tuesday
7
Independence Day
August 15, 2018
Wednesday
8
Bakri Id
August 22, 2018
Wednesday
9
Ganesh Chaturthi
September 13, 2018
Thursday
10
Muharram
September 20, 2018
Thursday
11
Mahatma Gandhi Jayanti
October 02, 2018
Tuesday
12
Dussehra
October 18, 2018
Thursday
13
Diwali Laxmi Pujan*
November 07, 2018
Wednesday
14
Diwali Balipratipada
November 08, 2018
Wednesday
15
Gurunanak Jayanti
November 23, 2018
Friday
16
Christmas
December 25, 2018
Tuesday






















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