News Updates
February 16, 2012
A brief news round-up from the past two weeks:
2G scam: All future licences to be auctioned, says Kapil Sibal
Telecom Minister Kapil Sibal on Wedenesday said that all future licences will be auctioned and that the licences will not to be linked with spectrum allocation
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India asks Pakistan to move forward on bilateral trade relations
A day after Islamabad failed to clear hurdles in granting MFN status to New Delhi, Commerce Minister Anand Sharma argues Pakistan needed to match India's efforts to improve trade ties.
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Investors bullish on equities
Equities are back in vogue as investors over the world have reposed confidence on this asset class and have significantly increased their allocations to emerging market equities, says a survey.
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Government moots more manufacturing zones
The government is proposing to set up five more National Manufacturing Investment Zones (NMIZs), in addition to the seven ready for implementation, to boost the sector’s contribution to growth.
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FII inflows cross $5 bn, at 16-mth high
Overseas investors poured in over Rs 26,000 crore (USD 5.08 billion) in Indian markets in January 2012, the highest one-month net inflow in 16 months, as sentiments got a boost from easing inflation concerns and attractive valuations.
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S&P warns of risk factors to India’s stable rating
The global credit rating agency on Monday said some risk factors weighed on India’s ‘stable’ rating in 2012, but added it didn’t plan to revise it in the near future.
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