l6 p3 Bop Capital Qe Ft Gift City.1.1

7/25/2019 l6 p3 Bop Capital Qe Ft Gift City.1.1

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Current Account Defcit


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Capital Account:


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1. Abolish FDI vs FII

i!erence2. Fe taperin":

#$chan"e ratestabilit%

3. &IF' cit%

(. F)*#+ reservelie China-

Capital Account: L3/P1, P2


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ariousliits

Di!erenceabolishe

FIP0

FDI/FII

eanin" Ipact on

Inian#cono%

F'/#

China (trill, ho4-

Iniatar"et567 bn.

Fore$ *eserve

F c

s

&

Capital Account: L3/P1 an L3/P


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CopaniesAct

2713

)ne person

Private lt.

28277

Public Lt.58unliite

Lis

o

In

nl

;oia

6

'%pes o9 copanies: a%ara FII

17< or FDI=17: FP

An%investent

FDI


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@ill eliinate istinctionbet4een FDI FII

Bust a coposite cap e.". (althou"h scientifc

Eournals M 177


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#conoicA!airs>Chairan?

DIPP>polic%8

prootion?

Dept.

Coerce

#conoic

relations>#A?

Prelis: FIP0 has 9ollo4in":

Forei"n investent prootion boar FI


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FIP0 J &overnent approval, unDepartent o9 econoic a!airs,FI;I;.

pto 1277JK FIP0JKfnin clea

0e%on 1277 Cr JK cabinetCoittee on #conoic a!airs cl

Forei"n investent prootion boar FI>Gecretar%?


14/77Capital Account:


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#$ternal Debt: &DPJ 2(< >ana"eable


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#$ternal Debt

#


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Gource 'op 3: Coercial0orro4in" K ;*I epositsKultilateral bans.

Coposition o9 Debt: K *upee KGD* K en K #uro

Lon" ter ebt K Ghort ter

;on8&overnental ebt K&overnental Debt

Increase 9ro arch 2713 to 271(

ra

#$

C i l 3 3


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ariousliits

Di!erenceabolishe

FIP0

FDI/FII

eanin" Ipact on

Inian#cono%

F'/#

China (trill, ho4-

Iniatar"et567 bn.

Fore$ *eserve

F c

s

&



19/77

#, F' Q #$chan"e ra

uctuations1.R&G2S #!ect o9 policies an politics o9evelope an evelopin" countries on interests

2.1st 4orlTs lo48interest rate policies anOuantitative easin", are unleashin" fnanturoil on eer"in"8aret econoies.Discuss in conte$t o9 Inia


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P*I#0)**)@#*G

GecuritiUationJK


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G0P*I#0)**)@#*G

G0P*I0)**)@


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G0P*I#0)**)@#*G

G0P*I0)**)@

')+IC Assets ')+


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G Fe *eserve0en 0ernane

'reasur%bons an

'o$ic Assets

6 0illion per >Dec V13?


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Hot one% o4Inia

1: 3 *u ees


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@hen to stop #-Ination K2.6ill.GD?

*0I Fore$ reserve &rauall% au"e


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% "


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IniaTs Fore$coponents

currenc%, &o*eserve 'ranPosition >*'P

Aon" the econoies 4

current accoefcit, Iniasecon lar"ee$chan"e re

holer a9ter

1 Chinese [ercantile Polic%\


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Chtr

H

1. Chinese ercantile Polic%

2. Iports restraine >L/P1.ppt$?

1. I':G)# control aret

2. Phara: inorinate ela% inclearance

3. Foo: GPG a"reeent.

(. F&: oestic too cheap

3. #$ports proote:cheap loans,subsiies, tech., coal8steel8rareearth, Labour abuse.

re

&(&&le )ra! -o"orola *


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&(&&le )ra!fa*"or+ Do(&le 'if"

ren"

in *an"een !a+ foro )or ola, e!lo+ed 1


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in *an"een !a+ forfood in(red 09

o 'o*ial 'e*(

1. Fo$conn8 iphone aer copan%,


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1. Fo$conn iphone aer copan%,Henan province. K2 lah i"rants

2. 'oilet brea [nee 4ritten perit\

9ro 9orean3. )vertie usuall% not "iven. 16

hrs a a%

(. onthl% salar%: 267, but

nothin" le9t to sen Yhoe.

6. 0ut 9or copan%, labour costinial.

L

a

1. #$ports: hi"h


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Chtr

H

1. #$ports: hi"h

2. Iports: lo4 M restraine.

3. '*AD# D#FICI' G*PLG

(. Current ACC);' D#FICI'G*PLG >277 billion?

6. CAPI'AL Defcit: reinveste

in GA Q else4here >8 0illion?. 0oP surplus: 2778J17(

billion

re

I9 0oP surplus8 central ban shoulh h >ill GD?

Inn


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0alance o9 Pa%

purchase those >ill.GD? purchase to stop uan appreciation

n


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1. Chinese ercantilis Polic%: restrain


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iports, boost e$ports, bu% to eepuan 4ea J lar"e 9ore$ reserve.

2. 0ut subseOuent istortion o9 fnancialan e$chan"e aret a% hurt Chinaurin" crisis >e.". another # /slo4o4n in G or # aret, 'A'IP,

'PP?

3. IF 4ea, hv2 print ore %uan to"et stron"erJK D)#G'ICh%perination.

Gp

re

ChinaTs Lar"e 9ore$ reserve J "eo8


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Gp

strate"ic avanta"e

Fore$ reserve >1? har po4er >2? so9tpo4er

#ven helpin" other nations 9acin"fnancial crisis >Go9t po4er?

proviin" ultilateral assistance

>0*ICG AII0 sil roa/belt?Inia too shoul tar"et 567 billion to1 trillion in lon" run via currentaccount surplus.

re


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Current Account efcit

DEF

ICIT

SURP

LUS

DEFICIT

SURP

LUS


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Current Account efcit

DEF

ICIT

SURP

LUS

DEFICIT

SURP

LUS


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Current Account G*PLG

SUR

PLUS

SURP

LUS

DEFICIT

SURP

LUS

F)*#+ reserve:

)nl% 9or prelis: L3/P2.ppt$: *eal e$chan"


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currencies@ei"he &eoetric ean

*##*8*##*83

*##*83


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0aset o9 3 currencies

&eoetric ean >4t. assi"neto a 9orei"n currenc% as pertrae iportance 4ith Inia?

*##* K 177 eans

overvalue currenc%W*##* J X 'raecopetitiveness

W*##* J X 'rae copetitivene


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Gae perio 41 4ent 9ro ( *s.



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ariousliits

Di!erenceabolishe

FIP0

FDI/FII

eanin" Ipact on

Inian#cono%

F'/#

China (trill, ho4-

Iniatar"et567 bn.

Fore$ *eserve

F c

s

&


59/77

1. Gip 2. Attept

Prelis: o4ners, location, 9eaturerules

&G3: ibrant fnancial arets acritical to a countr%Ts &DP "ro4th#$aine the iportance o9 propo

&IF' cit% in this re"ar, Q iscusschallen"es in its setup. 277 4ors

Lonon, ; an Gin"apore 3 bi""est Intl. Fin.


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@hat is 0alance o9 Pa%ent-


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Capital

0oPJK Capital part.


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[investent\

*esients to 9o

countr%;on8resients Inia.

0ut 4hat abousettin" up a plhelp [non8resiinvest in non8I

countries-


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so/

e

inco/in

"

Dubai international fnancial cen


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1. 7< ta$ on incoe Q proft 9or 67%ears_ Inia unclear D


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%ears_ Inia unclear.

2. D'AA 4ith ost nations.

3. 177< FDI an o4nership inever%thin". >Inia: soerestriction on stoce$chan"e/insurance cos.?

(. Full capital AC. Convertibilit% Minvest an pull out one% incurrenc% o9 %our choice.

Db

1. Inepenent Euicial s%ste,l i ith 1 l l D


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copl%in" 4ith 1st4orl la4s.

2. hi"h spee net, transport.

3. Gille pro9essionals, Ouicvisa processin" an 4orperits in sin"le 4ino4.

(. Art "alleries, restaurant,9ashion, vibrant social /clubli9e, apartents, hotels

Db

&uEarat Intl. Financial 'ech Cit%:o4ne b% &IF' Copan% lt

&


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o4ne b% &IF' Copan% lt.

B bet4een &B urban evelopent

co. lt an ILQFGIn9rastructure Leasin" Q FinancialGervices Liite >ILQFG?:prooteurs8 Central ban o9 inia,

HDFC, 'I, G0I, LIC et al.Bapan an Abu habi invententcos.

Inc

[&reenfel\business cit% in&anhina"ar istrict

&


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&anhina"ar istrict

Gart cit% J autoate 4aste

collection s%ste, centralisecoolin", civic anesties usin" IC'

ain attraction M iaon to4er o9 store%

0u"et82716: 4ill proote &IF'cit% as intl.fnancial service centre>IFGC?

Intl fnancial

&IF' cit% Financial G#^: 2 set o9 r


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D#GI

Alrea%present:G#0I, I*DA,

*0I

Intl. fnancialservices

centre >IFGC?

G#0I

*0I>Cap.AC?

I*DA

All investors /operators are [non8resientInians outsie Inia\ 9or ta$ purpose

&


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Inians outsie Inia 9or ta$ purpose

Invest in He"e 9un>Alternateinvestent 9un? an utual 9uns 0'

in 9orei"n currenc% onl% >L2/P1?erchant ban, Depositor% receipts,stoc e$chan"e]%es but nors onin.capital etc.

;G# 4ill setup international e$chan"e 9ortrain" o9 shares, bons, currencies anerivatives

"u

Forei"n bans can setup unit %es

I i b ith 9 i

&


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Inian bans 4ith 9orei"npresence, can setup units]%es

#ach ban can setup onl% 1 I0*etail custoer- CanTt tae

*upee eposits- CanTt tae

C**, GL* applicable- %es.ust have 27 il. Capital tobe"in

b

un

1. *0I to allo4 9orei"n currenc%transaction uner F#A

&


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transaction uner F#A.

2. 0', Full capital account

convertibilit% neee.3. )nl% then IFGC possible, sai

Perc% istr% Coittee >2775?

(. *0I D%.&ov e$plorin" rela$in"

Cap.AC >2716?6. *e9: L3/P2.ppt$ 9or Pros an Cons.

cha

1. &G' %et to ipleent.>service ta$-?

&


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>service ta$-?

2. Hv2 Abolish e$istin" acts

3. oi9% I' act to "ive 7< ta$on incoe, proft, capital"ains 9or (7867 %ears- @hat

i9 re"ie chan"e-

cha

1. Alternate ispute resolutions%ste neee

&


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s%ste neee.

2. Perc% istr% : nife

Financial oerniUation Act

3. FGL*C M 0; Ghririshnacoittee recoene M

Inian fnancial coe >IFC?

cha

oel 9or sart cit%

[#$perientation\ on IFC Full

&


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#$perientation on IFC, FullCap.AC, be9ore ipleentin" YAll

Inia level.Fli"ht o9 capital X

`no4le"ebase 9ro ;C8+P

ore 4hite collar Eobs

'ricle o4n in the re"ion >ATba,&T;a"ar: banin"/fn./I'/0P) boo? 86 lah Eobs

0

: ibrant fnancial arets are critical to a

ains / Intervie4-


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1. Gip 2. Attept

: ibrant fnancial arets are critical to acountr%Ts &DP "ro4th. #$aine the iportapropose &IF' cit% in this re"ar, Q iscuss

challen"es in its setup. 277 4orsA"rarian #cono%JKF&JKGervice

;C "iant H, outsource to lo4 sill natInia too 4ill reach that sta"e. ;ee to be

Developent no4.;o &IF' cit% J Fli"ht o9 capital to other I

es &IF' cit%J I0, investent, Eobs, s


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l6 p3 Bop Capital Qe Ft Gift City.1.1

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Transcript of l6 p3 Bop Capital Qe Ft Gift City.1.1