Vinod Binny of AAP to hold a press conference

15012014
Vinod Binny of AAP to hold a press conference tomorrow against AAP government in Delhi.
MLA Vinod Kumar Binnyhas accused the party of deviating from its agenda on the basis of which it was voted to power. Binny MLA of AAP defeated the Congress  health minister in the previous  government to win from the Laxmi Nagar constituency, said he would sit on a hunger strike if his party failed to respond to his charges.
“There is a lot of difference in what we promised and what is happening. We are going to hold a press conference tomorrow. We’re not going to discuss party affairs behind closed doors,” Binny said.
The video of mine on how\why MNC-owners pay paid-media to promote AK to cut NaMo votes cross 120,000 views !! And there are 5-6 copies of this videos with collected count of over 200,000 !! (google on “congress grand plan” to see some 5-6 copies of this videos)
http://www.youtube.com/watch?v=J5vH5VZX6XI
The original video is at http://www.youtube.com/watch?v=Ygp-EM5cOpQ has 17000 views…
There are lot better videos such as “how wealth tax of 1% can reduce flat prices in metro cities to less than 1/3rd of what it is now” and many more.  see http://www.youtube.com/watch?v=QiQ5hCGswPQ and http://www.youtube.com/watch?v=FuC3_PakcnA ). Sadly , the videos such good videos on proposed good law-drafts dont cross 2000 views. And expose type videos cross 200,000 !!
It is good to see videos crossing such marks. But I wish the videos on proposed solution would get more views)






ECBs stand at US$2.18bn during Nov 2013

15012014
 

 
Indian firms have raised US$ 2.18 bn through external commercial borrowings (ECBs) in the month of Nov 2013 and US$1.93 bn during Oct 2013 by automatic and approval route. The borrowings stood at US$ 2.18 bn in Nov 2013 as compared to US$ 1.34 bn in Nov 2012.
 
External commercial borrowings (ECBs) since April 2011                                                                                             (US$bn)

 Source: PHD Research Bureau, compiled from RBI
Note: ECB contains both automatic and approval routes
 
India has received gross ECBs worth around US$229 bn between FY2001 and FY2014 (till Nov 2013).
 
Gross ECB Inflows                                                                                                                                        (US$bn)

Source: PHD Research Bureau, compiled from RBI
* Data pertains till Nov 2013
Note: ECB contains both automatic and approval routes
 
A closer look at the ECBs pattern reveals that the lion’s share in ECB during the month of Nov 2013 is held by working capital contributing to about 23% of the total, followed by import of capital goods at about 19% and railways at about 18%.
 
  Pattern showing ECBs during Nov 2013                                                                                                           (% share in total)

  Source: PHD Research Bureau, compiled from RBI, Note: ECB contains automatic& approval route both
*Others with share of 0.004% include the external commercial borrowings by Internormen Filters Private Limited, however, the purposes is not mentioned in the release.
 
 
Warm regards,
 
Dr. S P Sharma
Chief Economist

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