News Feed

Telnor to fight against 2G license cancellation

    Entered India 2008; 67.25 % in Uninor; 14000 crores invested Uninor: 40 mn customers (> 4% of 894 mn subscirber in India) To appeal against the SC order to cancel 22 telecom licenses SC said that the government policy was wrong

Dassault (French company), preferred for aviation deal

 India picked French manufacturer Dassault , for their Rafale fighter-bomber  126-plane; $15-billion deal

Greece slips another deadline in bailout Google & Facebook block content in India
 Step taken after court warns of crackdown  Another 19 companies asked to set up mechanism to screen religiously offensive material

Political Parties say India should refuse British aid SC seeks centers response on illegal drug trials by MNCs
 PIL by Indore based NGO alleges lapses in law implementation illegal trials

India at a Glance
Economic Indicators
Indicator GDP (Nominal) GDP (PPP) GDP per capita $ 1.85 tr 4.47 tr 3,703 Rank 9 3 129

Financial Indicators
Indicator Current Account Deficit Public Debt Foreign Reserves Indicator Ease of Doing Business: 132nd Population BPL Unemployment Rate Value 4.1% of GDP 71.8% of GDP 293.93 Bn Value 37% 9.4%

Demographic Indicators

Sectoral Break Up
14.6% 28.6% 57.2%

Fiscal Indicators
Indicator Repo Rate Reverse Repo Rate SLR Prime Lending Rate Value 8.5% 7.5% 24% 10 10.75% 8.73%

Services

Industrial

Agricultural

Treasury Bill Rate

News Feed-2
RBI bar on deposits Manappuram Fin hits lower circuit

Gold loan company | Intra day circuit filter Trading Frozen RBI accused : Non Deposit taking NBFC issued & renewed deposits Maldives President Mohamed Nasheed resigns following overnight protests & demonstrations Military had detained criminal court judge protesters then protested for 22 days

Govt to present Budget on March 16

GoM allows airlines to directly import jet fuel Proposal would go to Union Cabinet Reduce tax, would help AI restructure ops and issue bonds Stocks of all airline cos gain ~ 10% India now cuts growth forecast to 6.9% Shaky global economy & monetary tightening impacted Initial forecast: 9 %, reduced in Dec to 7.5-7.75%