CA 17 ECONOMY 1. The government has hiked the import tariff value on gold to $445 per 10 grams from at $433 per 10 gram earlier and case of silver has been reduced to $694 per kg from $699 per kg earlier, a notification by the Central Board of Excise and Customs. 2. Amtek India has completed its purchase of Germany-based Kuepper Group in a 50-million-euro all-cash deal, making the Amtek Group one of the top three global suppliers of cast and machined turbocharger housings with a 20% market share. 3. The Reserve Bank of India’s seventh survey on India’s exports of computer related services points to a revival of India’s exports after the downturn triggered by the Great Recession. • In dollar terms, exports grew by 20.7 per cent in 2012-13, as compared with just 4.6 per cent in recession year 2008-09. • According to the RBI’s Balance of Payments Statistics, Software services exports at Rs.3583 billion in 2012-13 amounted to 45 per cent of services exports and accounts highest among service exports. • The US topped the list of highest Software services import from India followed by Europe.
Posted on: Thu, 20 Mar 2014 13:33:13 +0000
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