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Current news

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Current news

  1. 1. Current news<br />
  2. 2. Subbarao hints at slower pace of hikes<br />It may ease the pace of raising key rates with the moderation in food prices.<br />To maintain a proper balance between taming inflation and ensuring no choking of growth.<br />top priority is to contain food inflation.<br />
  3. 3. Vedanta<br />Vedanta’s plan of sourcing bauxite for the Niyamgiri hills in orissa.<br />Forest Advisory Committee has recommended to reject the proposal.<br />Committee also recommended action against Vedanta’s alumina refinery at “Lanjigarh<br />
  4. 4. Insurers investments in VC funds<br />IRDA proposing to allow insurance companies to invest in Venture Capital Funds of all sectors.<br />There are 157 domestic and 144 venture capital funds registered with India’s market regulator SEBI.<br />
  5. 5. New DTC gets cabinet nod<br />Proposal to raise exemption limit on income tax from 1.6 lakh to 2 lakh.<br />Corporate tax is proposed at 30%.<br />MAT is proposed at 20%<br />Can come into effect from 1st April, 2011.<br />
  6. 6. Food inflation eases to 10.05%<br />Food inflation rose to an annual 10.05% in week ended 14 August against 10.35% in previous week.<br />Fuel price index is at 12.57%.<br />WPI inflation is expected to remain around 9.5%.<br />GDP of first Q will be released later in this month. <br />
  7. 7. Investors hold back long positions<br />Rise in Nifty August roll over rises to 75.58%.<br />Telecom, IT and Realty sectors see high rollovers.<br />Heavy roll over for RIL, Balrampurchini.<br />Selected stocks are expected to outperform in September. <br />

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