August Car Sales Fall 19%, SIAM Asks Govt For Stimulus; Sensex Up 17 Pts

Monday, Sep 10, 2012 POLITICAL PARTIES LOG RS 4,662 CR VIA DONATIONS Political parties in India have 'earned' a whooping Rs 4,662 cr through donation and other sources since 2004. The ruling Congress is the richest with an income of Rs 2,008 cr followed by BJP at Rs 994 cr, two NGOs claimed. Mayawati's BSP is third on the list with Rs 484 cr. Although donations and voluntary contributions are the major sources of income, donations from named contributors form a very small percentage. read more   LEAD STORIES AUGUST CAR SALES FALL 19%; SIAM ASKS GOVT FOR STIMULUS   SIAM suggested rollback in excise duties as domestic passenger car sales fell 18.56% Y-o-Y to 1,18,142 units in August & motorcycle sales fell 8.46%. read more SENSEX ENDS FLAT ON DIMMED REFORM HOPES; UP 17 PTS   Markets ended flat on worries of delayed fiscal reforms affecting RBI credit policy. Sensex closed at 17,766.78. Nifty up 4.75 pts at 5,363.45. read more TOP STORIES • RBI says liquidity comfortable, dashes CRR cut hope   • Indian cos raised Rs 64,250 cr via debt in Q1; up 29%   • See monsoon deficit for this season at 10-12%: IMD   • Infosys to buy Swiss firm Lodestone for Rs 1,932 cr   • Gold price at record high of Rs 32,500   • Re loses 8 paise at 55.44/$ on high dollar demand   • April-Aug gross direct tax collection up 6.51%   • Coal block allotted to mining firm not Cong MP: Jindal   • RIL-Hardy Oil to relinquish NEC blocks   • RIL may see larger drop in KG-D6 gas   • BG-BHP sign pact for oil exploration in Mumbai basin   • Adani Power to earn Rs 600 cr from carbon credits   • Sistema Shyam Q2 loss widens to Rs 1,180 cr   • NMCC proposes lifting ban on govt purchase of CVs   • Power-sector debt recast only short-term solution: S&P   • Cartoonist sent to judicial custody on sedition charges   • Kudankulam protesters wade into sea to escape police   • Onno Ruhl named World Bank India Director   • Serena Williams wins fourth U.S. Open title   • Afghan Taliban threaten to kidnap, kill Prince Harry   more stories TOP VIDEOS Coal Auction Method Ignores Equal & Fair Benefit Of Three Stakeholders Of Mineral Resource, Namely Public, Govt & Developer: B Muthuraman, Vice-Chairman, Tata Steel   India Received 'Perfectly Normal Rainfall' In August; See Monsoon Deficit For This Season At 10-12%: SC Bhan, Director, IMD   THE FORBES INDIA SHOW: Compared To Old A310, The 787 Has More Range, Better Fuel Burn, Lower Maintenance Cost & Great Passenger Appeal. Will Change The Fortunes Of Air India: Dinesh Keskar, President, Boeing India   DEVIL'S ADVOCATE: Illegal Bangladeshi Migrants Not Behind Assam Violence: Tarun Gogoi, Chief Minister, Assam   AT A GLANCE BSE 17766.78 +17.13 NSE 5363.45 +4.75 TURNOVER Rs. 94,250 cr BSE CASH Rs. 1,727 cr NSE CASH Rs. 8,107 cr NSE F&O Rs. 76,330 cr BULLION GOLD 31924 +28 SILVER 64130 +240 CRUDE NYMEX 96.3 -0.12 BRENT 114.62 +0.37 FOREX $ / Re 55.44 +0.08 £ / Re 88.687 +0.03 € / Re 70.891 0 EVENTS TO WATCH 11 September SC To Hear Novartis Plea Over Drug Patents, New Delhi EGoM On Drought May Consider Cutting Crop Loans Interest Rate Proposal, New Delhi 12 September July Industrial Output Data Inter-Ministerial Panel To Review Captive Coal Mines Infrastructure Today Leadership Summit 2012, Hotel Lalit, New Delhi 14 September August Headline Inflation 17 September RBI Credit Policy 18 September RBI Governor D Subbarao To Appear Before JPC On 2G 20 September Gurgaon Court To Finalise Matter Of Telenor's Participation In 2G Auction

"Deficiency has now come down to 9%. The areas that have shown remarkable improvement are the central parts of the country that were deficient by about 15% at the end of July. The deficiency now stands at just 3%. The main areas where deficiency ranges from 40-50% are Punjab, Haryana and the Saurashtra. These are the main areas having largest deficiency as of now." SC Bhan Director, IMD "For the last several weeks, liquidity levels have been in our comfort zone. If signs of stress emerge particularly, if they persist, then we will take that into account." Subir Gokarn Deputy Governor, RBI "If the declining trend continues, if the September sales are also in the negative, then we will not meet the growth target of 9-11%. Apart from the overall weak market sentiments and the conditions of the economy, vehicles sales have also been impacted due to government putting on hold purchase of new vehicles for all its departments since June." Sugato Sen Senior Director, SIAM