Arama Ipsita Swain
Atish Kumar Sahani
Azher Ali
Atish Kumar Sahani
Azher Ali
Section - H
2G Auction:
Multiple violation by DoT,says CAG:
§ Five new companies which got 2G licences were eligible to operate in telecom sector.
§ 77 out of 122 licences allocated in January 2008 are invalid.
§ Allocating spectrum in January 2008 at 2001 price not justifiable.
§ First-come-first served basis not transparent and did not have cabinet approval.
§ Firms had prior information on 2G policy which enabled them to arrange demand drafts in advance.
§ DoT has secured legal opinion that says CAG has no jurisdiction on policy as well as matters that come under CVC purview.
Banking sector:
RBI on rupee vigil as foreign funds line up dollars for Coal India IPO:
§ RBI may intervene to support the dollar and prevent a sharper rise in the rupee.
§ Rupee could rise to 43.20 per dollar in the first three trading days next week.
§ In 2010, foreign funds have invested $23.18 billion in Indian stocks.
§ The rupee may trade below 44 per dollar.
Climate change
Apec nations to boost agricultural output:
§ The 21 member countries of Apec also called for “responsible” agricultural investment as rising acquisition.
§ Phillip J. Glyde, deputy secretary, department of agriculture fisheries told a news conference that , “climate change will affect agricultural products a lot around the world in the foreseeable future.
§ He also said that, “Australia enjoyed a good harvest this year , but the real challenge will be in next 20,30 or 50 years when there will be less water.
Markets:
§ Post offices to sell insurance products along with IRDA.
§ Pre-open trade for 15 minutes to start from today in NSE and BSE.
§ According to CII survey the economy will grow by 8% in financial year 2011.
§ The government has projected GDP growth of 8.5-8.75 % this fiscal ,while RBI estimated it to be 8.5%.
§ Maruti Suzuki plans to introduce multipurpose vehicle model to increase its market share.
Corporate news:
Growing Stake - FII holding In BSE 500 Stocks highest in 5 years:
§ Stock Exchange 500 stocks to their highest level in five years
§ Analysts believe that India, which grew by 8.8% in the first quarter, is the third fastest growing economy in the world after Brazil and China.
§ Over two-thirds of the 33 Nifty firms saw their Foreign Institutional Investor (FII) holding go up in the September quarter by the average of 1% over the previous quarter
§ Foreign Investors have bought $23.1 billion of stock this year, upping their holding in BSE 500 firms to 14.52%.
Education:
IIMs should evolve like corporate entities:panel
§ The committee headed by R.C. Bhargaba ,submitted its report last week to HRD ministry proposing changes to how IIMs are managed and financed.
§ Government plans to bring in a law allowing foreign universities to set up branches and issue their own degrees in India.Private investment in management schools is growing rapidly.
Multiple violation by DoT,says CAG:
§ Five new companies which got 2G licences were eligible to operate in telecom sector.
§ 77 out of 122 licences allocated in January 2008 are invalid.
§ Allocating spectrum in January 2008 at 2001 price not justifiable.
§ First-come-first served basis not transparent and did not have cabinet approval.
§ Firms had prior information on 2G policy which enabled them to arrange demand drafts in advance.
§ DoT has secured legal opinion that says CAG has no jurisdiction on policy as well as matters that come under CVC purview.
Banking sector:
RBI on rupee vigil as foreign funds line up dollars for Coal India IPO:
§ RBI may intervene to support the dollar and prevent a sharper rise in the rupee.
§ Rupee could rise to 43.20 per dollar in the first three trading days next week.
§ In 2010, foreign funds have invested $23.18 billion in Indian stocks.
§ The rupee may trade below 44 per dollar.
Climate change
Apec nations to boost agricultural output:
§ The 21 member countries of Apec also called for “responsible” agricultural investment as rising acquisition.
§ Phillip J. Glyde, deputy secretary, department of agriculture fisheries told a news conference that , “climate change will affect agricultural products a lot around the world in the foreseeable future.
§ He also said that, “Australia enjoyed a good harvest this year , but the real challenge will be in next 20,30 or 50 years when there will be less water.
Markets:
§ Post offices to sell insurance products along with IRDA.
§ Pre-open trade for 15 minutes to start from today in NSE and BSE.
§ According to CII survey the economy will grow by 8% in financial year 2011.
§ The government has projected GDP growth of 8.5-8.75 % this fiscal ,while RBI estimated it to be 8.5%.
§ Maruti Suzuki plans to introduce multipurpose vehicle model to increase its market share.
Corporate news:
Growing Stake - FII holding In BSE 500 Stocks highest in 5 years:
§ Stock Exchange 500 stocks to their highest level in five years
§ Analysts believe that India, which grew by 8.8% in the first quarter, is the third fastest growing economy in the world after Brazil and China.
§ Over two-thirds of the 33 Nifty firms saw their Foreign Institutional Investor (FII) holding go up in the September quarter by the average of 1% over the previous quarter
§ Foreign Investors have bought $23.1 billion of stock this year, upping their holding in BSE 500 firms to 14.52%.
Education:
IIMs should evolve like corporate entities:panel
§ The committee headed by R.C. Bhargaba ,submitted its report last week to HRD ministry proposing changes to how IIMs are managed and financed.
§ Government plans to bring in a law allowing foreign universities to set up branches and issue their own degrees in India.Private investment in management schools is growing rapidly.
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