Manoj Shinde

Abhijit Shetye

Anand Daripkar
Arun Singh

Foreign Exchange Reserve: (RBI)

March 2013: $294 Billion

Sept 2013: $275 Billion

Rapid outflow of FII

No inflow of FDI
March 2013 : $1= 54.33
Today(9 oct, 2013): $1=61.89
Effects

Hike in Domestic Petrol Prices

Hike in inflation
2

Source: RBI.org.in

Rank

Country

FOREX

Date

01

People's Republic of China

3,515,738

March 2013[2]

Japan

1,254,033

Jul 2013[2]

Eurozone

781,536

Jul 2013[2]

Saudi Arabia

688,431

Jul 2013[3]

Switzerland

516,705

Jul 2013[2]

Russia

512,834

Jul 2013[2]

Brazil

367,002

Aug 2013[2]

Republic of Korea

329,709

Jul 2013[2]

Hong Kong

303,582

Jun 2013[2]

10

India

275,572

13 sept 2013[2]
4

Rank

Country

AprMar 2012

AprMar 2013

%Growth

%Share

CHINA P RP

275,998.64

284,384.59

3.04

10.65

U ARAB EMTS

171,126.62

212,923.33

24.42

7.98

SAUDI ARAB

149,349.99

184,684.80

23.66

6.92

SWITZERLAND

155,126.43

174,511.85

12.50

6.54

USA

117,293.31

137,238.59

17.00

5.14

IRAQ

90,651.51

104,596.36

15.38

3.92

KUWAIT

79,188.35

90,184.25

13.89

3.38

QATAR

61,895.48

85,457.78

38.07

3.20

INDONESIA

69,759.13

80,965.70

16.06

3.03

10

GERMANY

78,095.29

77,933.66

-0.21

2.92

13.80

100.00

Total

2,345,463.23 2,669,161.95

Source: www.commerece.nic.in (ministry of commerce)

Rank

Country

Apr-Mar 2012

Apr-Mar 2013

%Growth

%Share

U ARAB EMTS

172,268.48

197,832.08

14.84

12.10

USA

166,474.31

196,771.28

18.20

12.04

SINGAPORE

80,363.29

73,995.35

-7.92

4.53

CHINA P RP

87,669.37

73,772.71

-15.85

4.51

HONG KONG

61,877.23

66,898.17

8.11

4.09

NETHERLAND

43,913.77

57,380.34

30.67

3.51

SAUDI ARAB

27,208.20

53,244.76

95.69

3.26

1,465,959.38

1,634,318.83

11.48

100.00

TOTAL

Source: www.commerece.nic.in (ministry of commerce)

Import in Cr Rs
No.

Commodity

Apr- Mar 12

Apr- Mar 13

% Growth

%Share

Petroleum
(Crude Oil)

743,074.88
($120 Billion)

891,870.86
($145 Billion)

20.02

33.41

Gold

269,900.71
($ 44 Billion)

292,146.29
($ 47 Billion)

8.24

10.95

Others

($ 216 Billion)

($ 238 Billion)

TOTAL

2,345,463.24
2,669,161.95
($ 380 Billion) ($ 431 Billion)

55.64%

13.80

Source: www.commerece.nic.in (ministry of commerce)

100.00

Import in Cr Rs

Rank

Commodity

Apr-Mar 2012

Apr-Mar 2013

%Growth

%Share

PETROLEUM

267,914.83
($ 43 Billion)

330,790.01
($ 53 Billion)

23.47

20.24

GEMS & JEWELLARY

214,888.91

236,162.03

9.90

14.45

Total

1,465,959.39

1,634,318.83

11.48

100.00

Source: www.commerece.nic.in (ministry of commerce)

1 barrel = $110,(26 sept 2013), = 110*62= 6820rs

Highest =$118 (jan-feb,2013)
Lowest= $98 (April, 2013)
$147 on 11July 2008 and then $32 in december
2008
Lowest $17(Jan 1999)

1 barrel = $110, (26 sept 2013), = 110*62= 6820rs

1 barrel contains 42 gallons of oil and 1 gallon=
3.79 liters. So 1 barrel = 159 liters of crude oil
So 1 liter of crude oil= 6820/159=42.89=43rs
Taxes:
State Tax= Rs 20/lit
Central Taxes

Custom Duty= 2.5%=Rs 1.22/lit

Excise Duty= 30%= Rs 14.78/lit

10

City

International
Price

Central
Tax

State
Tax

Total

Mumbai

Rs 43

Rs 18.8

Rs 21.3

Rs 83.1

Delhi

Rs 43

Rs 20.2

Rs 16.7

Rs 79.9

Chennai

Rs 43

Rs 19.1

Rs 20.8

Rs 82.9

Kolkata

Rs 43

Rs 19

Rs 20.6

Rs 82.6

11

12

2nd largest commodity in import

No 1 Importer in Globe
20 tonnes more than China (China is major
producer also)
Gold investment in India= Rs 58,725 Cr
as of Sept 2012

13

Decided by group of bankers in London, twice

a day
International price:

Q4, FY12= $1674/ounce

Q4, FY13= $ 632/ ounce
Oct 9, 2013= $ 1305/ ounce

1 ounce = 28.35 gm
So

28.35 gram=$1305*62=Rs 80000/Tax 15 %, 28.35 gram=Rs 93,000/10 gram = Rs 32000 /14

15

16

Gold Import:
2012-13= 8oo tonnes
($47 Billions, estimated was $ 36 Billion)
2013-14( estimated)= 725 tonnes
Q2, FY 13 = 310 tonnes ($ 18.2 Billion)
(10 yrs highest)
Q3, FY 13= 135 tonnes ($ 8 Billion)

Gold Tax:
Jan 2013=2% to 6%
June5, 2013= 8%
Aug, 2013= 10%
Today = 15%

17

Substitute for Petrol (Crude Oil): CNG is

looked as best substitute for petrol.
Subsidy on petrol is lowered, however Diesel is
still subsidized to keep prices constant and to
control inflation.
Sport Bikes and luxurious cars are heavily
taxed.
(Excluding transport vehicles)

High tax on Gold (2% in Jan to 15% in Sept)

Trying to keep gold prices constant
Diverting gold investment into industrial
sector
18

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THANK YOU

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