Tuesday, Jan 31, 2012
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2G: SC ACCEPTS SWAMY'S PLEA AGAINST PMO
In a blow to the Central Government, the Supreme Court on Tuesday accepted Janata Party President Subramanian Swamy's petition against the Prime Minister's Office in the 2G case, saying that all public authorities should give a sanction within 3 months against any public official if a request is made for prosecution. read more |
APR-DEC FISCAL DEFICIT AT 92.3% OF FY12 TARGET
India's fiscal deficit during April to December 2011 was Rs 3.81 trillion or 92.3% of the full-year target. During the same period in the last fiscal year, fiscal deficit was 44.9% of the budgeted target. Govt has admitted meeting the fiscal gap target would be a "great challenge", but officials said they would try to keep the deficit under 5% of GDP by pruning expenditure. read more |
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| AT A GLANCE |
| BSE | 17193.55 | +330.25 |
| NSE | 5199.25 | +111.95 |
TURNOVER
Rs. 104,070 cr
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BSE CASH
Rs. 2,786 cr
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NSE CASH
Rs. 13,818 cr
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NSE F&O
Rs. 87,466 cr
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| BULLION |
| GOLD | 28165 | +106 |
| SILVER | 57364 | +372 |
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| CRUDE |
| NYMEX | 100.88 | +2.1 |
| BRENT | 112.07 | +1.32 |
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| FOREX |
| $ / Re | 49.44 | -0.36 |
| £ / Re | 77.949 | +0.08 |
| € / Re | 65.078 | -0.06 |
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| EVENTS TO WATCH |
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| 1 February |
 | Pakistan Supreme Court To Hear Contempt Case Against Pakistan Prime Minister Yousuf Gilani |
| India Leadership Summit 2012 Organized By EIILM, Taj Bengal, Kolkata |
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| 2-3 February |
| Indian Grand Prix 2, The Ocean Gate Circuit, Mumbai |
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| 7 February |
| Finance Ministry To Meet Stock Exchanges' Officials, New Delhi |
| CEO Summit 2012 On Global Finanacial Crisis - "Opportunities And Challenges For Indian Business" Organized PwC-Business Standard, New Delhi |
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| 14 February |
| Empowered Group Of Ministers Headed By Finance Minister Pranab Mukherjee To Meet On Natural Gas Allocation Policy |
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| EXPERT VIEWS |
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"We welcome the fact that both the learned judges have completely vindicated the Prime Minister whilst appreciating the onerous duties of his office. The Government is examining their directions regarding the manner in which applications are to be dealt with."
PMO
Reaction To SC Ruling
"In the event of a further slowdown in the global economy, our sense is that most economies in Asia have room for a strong policy response. If these severe downside risks materialize, another round of fiscal stimulus could be taken..."
Anoop Singh
Director, IMF - Asia & Pacific Region
"While it (capital inflows) alleviates domestic resource constraints, it could also destabilise the economy in two ways: one, excess capital inflows could result in asset price inflation and loss of competitiveness through over-valuation of the exchange rate."
Deepak Mohanty
Executive Director, RBI
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| WATCH OUT |
 Young Turks Dream Decade- New Delhi @100
This week we continue our special edition of New Delhi@100 and focus on how the capital has become a creative hub. Catch 29 year old NIFT graduate, Aneeth Arora whose label Pero is making waves in the fashion circuit. Re-live the simple joy of reading comics with Jatin Varma's Comic Con India. And see Delhi through the lens of photographer Sohrab Hura.
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SHOW TIMINGS
Tom 7 pm
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