Sunday, 4 August 2013

VRITTAM (28 JULY 2013 to 4 AUGUST 2013)

Please find top 10 immediate actions to be taken as per Mr. Chidambaram to deal with India’s problems.
US President Barack Obama has zeroed in on “some extraordinary candidates” to succeed Federal Reserve Chairman Ben Bernanke who can take ordinary people’s views into account when deciding the fiscal policy of the world’s largest economy.
The government has modified the New Coal Distribution Policy in view of the presidential directive asking state—owned CIL to enter into pacts for assured supply of fuel to power firms of 78,000 MW capacity.
India’s largest steel giant, Tata Steel, has set its sights on the Indian iron ore assets of one of Britain’s largest independent steel trading companies — Stemcor.
India Govt. eased 3 main contentious riders pertaining to FDI policy in Multi Brand Retail. For More information please click on the above link.
The foreign investment regulator gave conditional approval on Monday for a $379 million deal by Abu Dhabi's Etihad Airways to buy a stake in Jet Airways (JET.NS), paving the way for more deals in the country's domestic aviation sector.
Question is whether monetary policy steps are enough to stabilize the exchange rate, attract adequate foreign capital.
Cabinet eases foreign investment norms
Govt clarifies clauses for retail; higher caps for insurance, telecom and defense; definition of ‘control’ modified

A short note on what all has happened in retail sector pertaining to FDI in the past 3 years.


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