Sensex Up 56 Pts; Parliament Day 1 Washed Out, TMC`s No Trust Move Fails;

Thursday, Nov 22, 2012 LEAD STORIES PARLIAMENT DAY 1 WASHED OUT, TMC'S NO-TRUST MOVE FAILS   Trinamool Congress effort to bring the no-confidence motion flopped due to lack of requisite numbers. Lok Sabha was adjourned twice. read more SENSEX UP 56 PTS; CAUTIOUS OVER PARLIAMENT SESSION   Sensex rose cautiously as investors were sceptical over bills getting passed in the winter session of Parliament. Nifty up 12.95 pts at 5,627.75. read more EURO ZONE FACES DEEPEST DOWNTURN SINCE EARLY 2009   The euro zone economy is on course for its weakest quarter according to surveys that showed companies toiling against shrinking order books in Novembe read more TOP STORIES • Cadbury India probed for Rs 200 cr excise evasion   • Govt convenes all-party meet on FDI on Monday   • Kasab effect: Pak Taliban vow to attack Indian targets   • RBI rules out introduction of Islamic banking   • Govt approves new drug pricing policy   • 2G case: SC issues notices to Karti Chidambaram cos   • Calculate CRR on deposits, not on interest: SBI to RBI   • Govt approves 9.5% stake sale in NTPC   • Hindustan Copper share sale price fixed at Rs 155   • NPPA to recover Rs 2,344 cr on drug overpricing cases   • 8 FDI proposals in pharma for Rs 1,842 cr approved   • BSNL targets Rs 1,600 cr tower biz revenue in 5 yrs   • ONGC seeks partners to reverse output decline   • Mallya announces $79.67 mn investment in Force India   • Sony's new hybrid ultrabook Vaio Duo 11 at Rs 89,990   • Harley-Davidson launches Fat Bob at Rs 12.8 lakh   • BMW unveils Sports Activity Coupe X6 for Rs 93.4 lakh   • U.S. consumers less willing to buy Hyundai, Kia   • Gaza ceasefire takes hold but mistrust runs deep   • Men in pink shirts have fatter salaries   more stories TOP VIDEOS India Is The Top BRIC Market For 2013 Due To Its Currency And Low Interest Rate Environment: Adrian Mowat, Chief Asian & EM Equity Strategist, JP Morgan   Expect Eurozone To Contract By 1.5% In GDP Terms. Spain Heading To Recession Another Big Worry In Eurozone: Jim Walker, MD, Asianomics   See Consolidation In Near-term Till New Triggers Play Out. Current Account Deficit To Keep Rupee Under Pressure: Jitendra Sriram, MD & Head - Research, HSBC India   AT A GLANCE BSE 18517.34 +56.96 NSE 5627.75 +12.95 TURNOVER Rs. 166,940 cr BSE CASH Rs. 1,827 cr NSE CASH Rs. 8,836 cr NSE F&O Rs. 123,364 cr BULLION GOLD 31841 +28 SILVER 62145 +98 CRUDE NYMEX 87.36 -0.02 BRENT 110.83 -0.03 FOREX $ / Re 55.21 +0.1 £ / Re 87.867 -0.03 € / Re 70.973 +0.29 EVENTS TO WATCH 23 November India Luxury Summit, New Delhi 26-27 November World Energy Policy Summit On 'New Shifts In Energy Paradigm', ITC Maurya, New Delhi Asian Financial Cooperation Conference Organised By FICCI, Hotel Trident, Mumbai 27-28 November CII's Microfinance India Summit 2012, Reconstructing The Sector Brick By Brick, The Ashok, New Delhi 29 November - 2 December Insight: The DNA Of Success Organised By Isha Foundation, Coimbatore

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"An executive decision cannot be a subject for debate under a rule that entails voting. It can be a subject matter of debate. But it doesn't have to be under Rule 184 (which entails voting). Parliament ultimately must be made to run according to the rule book." Ashwani Kumar Law Minister "The largest political consensus against FDI in retail in both the Houses is on this issue. We request the government to allow us to have our view under voting provisions and stand of the government that there is no precedent for a voting provision on executive decision is completely wrong. During the NDA regime, disinvestment of BALCO, a motion was removed by the Left members seeking disapproval of that decision. It was debated and defeated." Ravi Shankar Prasad Senior Leader, BJP "The government is striving to rein in fiscal deficit at 5.3% of the GDP by keeping a check on its expenditure. The government is checking its spend on central subsidy as well as cutting non-plan expenditure by 10%. Plans are also afoot to roll out the Direct Tax Code as well as expedite regulatory approvals for infrastructure projects. It has also issued a draft note on the sale of surplus government land." P Chidambaram Finance Minister