4th weekly news economic times


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4th weekly news economic times

  1. 1. Presented by: Nitin Goel Weekly news Economic Times
  2. 2. JSW Energy plans Rs 3,300-cr expansion  JSW Energy will invest Rs 3,300 crore to expand the capacity at its 860 megawatts (MW) power plant at Vijayanagar in Karnataka by 660 mw, the company  The Vijayanagar brownfield expansion would be financed with a debt-to-equity ratio of 3:1  Hope to lower the interest rate by 100-150 basis points  The company hopes to complete the refinancing loans worth Rs 3,375 crore raised for its 1,200- MW Ratnagiri power plant by December
  3. 3. Tata DoCoMo launches 3G services (3rd Nov, 2010)  Tata Teleservices, which has Japanese firm DoCoMo as partner, launched 3G mobile services in nine circles, enabling subscribers to access high speed Internet and video telephony  Tata DoCoMo became the first private telecom firm to launch 3G mobile services in the country. Two state owned firms -- BSNL and MTNL -- had launched the services more than a year ago  Tatas had bagged 3G spectrum in nine circles of Kerala, Karnataka, Madhya Pradesh (including Chhatisgarh), Rajasthan, Gujarat, UP (West), Punjab, Haryana and Maharashtra in the auction held recently  Going forward, NTT DoCoMo will continue to leverage its mobile expertise and value-added services in markets worldwide through collaboration with partners such as TTSL
  4. 4. EU issues note to address drug seizure concerns of India  The European Union has offered fresh suggestions to prevent wrongful confiscation of Indian generic drugs during transit through European countries, a move that hints at its seriousness about settling the issue.  The 27-member block has offered a non-binding proposal, or a non-paper in technical terms, that seeks to address India’s concerns.  India may ask for setting up of a dispute settlement panel at the WTO to settle the long-pending issue to make sure that the offer made by the EU has sufficient backing of the law.  Many of India’s drugs shipments to the third world countries through ports in Europe have been seized because of over-interpretation of regulations by Customs authorities in European countries.
  5. 5. India expects progress on US export control issue  Ahead of President Barack Obama's visit in India it is expected that there will be progress on the issue of relaxation of US export control regime on dual-use items.  Under the export control regime, the US has a list of entities which whose export to certain countries like India requires clearances.  These technologies fall under the categories 'non- proliferation, national security, missile technologies and crime control' by the US administration.  India wants such items to be allowed to be transferred without the requirement of clearances.