Some restraint on short-term inflows is desirable Emerging markets are vulnerable to surges in capital flows and may need to put checks in place. Ajit Ranade, Group Chief Economist, Aditya Birla Group If there is any doubt whether foreign capital flows need to be regulated, just ask Iceland. The people of Iceland can only stare aghast at the devastation caused by the financial tsunami that hit them....
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Also Read Ajit Ranade, Group Chief Economist, Aditya Birla Group If there is any doubt whether foreign capital flows need to be regulated, just ask Iceland. The people of Iceland can only stare aghast at the devastation caused by the financial tsunami that hit them. Unlimited and unrestrained capital inflows ensured that banking assets went up from 100% to 1,000% of GDP in no time. But when Lehman...
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India is not consideringimposing a tax to curb an influx in overseas funds, and indeed wants an increasein inflows, the deputy chairman of the government's planning commission said onFriday. Foreign investors have so far bought more than $15 billion of localequities in 2009, after selling $13 billion in 2008, helping send Indian stocksup about 75 percent and lifting the rupee to its highest in more...
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NEW DELHI: India is not considering imposing a tax to curb an influx in overseas funds, and indeed wants an increase in inflows, the deputy chairman of the government's planning commission said on Friday. Foreign investors have so far bought more than $15 billion of local equities in 2009, after selling $13 billion in 2008, helping send Indian stocks up about 75 percent and lifting the rupee to its...
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India is not considering imposing a tax to curb an influx in overseas funds, and indeed wants an increase in inflows, the deputy chairman of the government's planning commission said on Friday.Foreign investors have so far bought more than USD15 billion of local equities in 2009, after selling USD13 billion in 2008, helping send Indian stocks up about 75 percent and lifting the rupee to its highest...
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global financial flows have started reviving, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said their entry into India was welcome as the Indian economy has the capacity to absorb them.Speaking at the Economic Editors' Conference here, Dr Ahluwalia said not only investment in brick and mortar was welcome, but so was foreign portfolio investments.Dr Ahluwalia went on to explain as...
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Singapore, Nov. 13: The head of the International Monetary Fund (IMF) said on Friday that capital flows to emerging markets reflected the positive outlook for those economies but warned that they can destabilise currencies and asset prices.
"The resurgence of capital flows to emerging markets, including several in Asia, is presenting policy challenges,"...
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NEW DELHI: International Monetary Fund (IMF) today warned that the surge in capital flows into developing countries could destabilize local currencies and asset prices. "While capital inflows are generally beneficial, they can raise risks of rapid and potentially destabilizing movements of currencies and asset prices...The resurgence of capital flows to emerging markets, including several in Asia,...
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India is not considering imposing a tax to curb capital inflows, andwants the inflows to rise a little more, the deputy chairman of the government'splanning commission said on Friday."It (capital flows) is rising butwe want it to rise a little bit more," Montek Singh Ahluwaliasaid.Asked if there was a possibility of India imposing a tax tocurb capital inflows, he said, "I don't, certainly not".He saidforeign...
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NEW DELHI: India is not considering imposing a tax to curb capital inflows, and wants the inflows to rise a little more, the deputy chairman of the government's planning commission said on Friday. "It (capital flows) is rising but we want it to rise a little bit more," Montek Singh Ahluwalia said. Asked if there was a possibility of India imposing a tax to curb capital inflows, he said, "I don't, certainly...
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