Working Group on Foreign Investment in India

MOF has setup a working group on foreign investment:

To review the existing policy on foreign inflows, other than Foreign Direct Investment (FDI), such as foreign portfolio investments by Foreign institutional investors (FIIs)/ Non Resident Indians (NRIs) and other foreign investments like Foreign Venture Capital Investor (FVCI) and Private equity entities and suggesting . . . → Read More: Working Group on Foreign Investment in India

Housing, Profits, Confidence: Mending Continues

Recent days have seen continued rebounds in housing, corporate profit reports and consumer confidence.

Two reports early this week point to continued progress in residential housing resales. On Monday the National Association of Realtors implied that the home-buyer tax credit will likely sustain the housing market throughout next year. In October, first-time buyers used . . . → Read More: Housing, Profits, Confidence: Mending Continues

Drooping Vietnam Dong Gets Devalued

On 26 November 2009 the State Bank of Vietnam devalued the dong by about 5%.  This is the third instance of currency devaluation in two years.  The FRN$ is likewise being devalued against gold.

A few weeks ago I observed that those buying gold in Vietnam are paying a premium and that:

Gold is . . . → Read More: Drooping Vietnam Dong Gets Devalued