Financial Cofee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY IMF  advises RBI against giving banking licences to industrial houses Don't bring new taxes in Budget, India Inc tells FM Relax capital adequacy norms, FinMin tells RBI Inflation still high, no room for monetary stimulus: RBI India's growth may inch closer to that of China in near future: World Bank Chidambaram may outline plan on goods, services tax in Budget India Banks System Face Worsening Asset Quality, IMF Says India Growth Rebound Faces Inflation Crimping Rate Cuts: Economy INTERNATIONAL ECONOMY U.S. Industrial Production Rises 0.3% on Equipment Demand Consumer Prices in U.S. Little Changed as Inflation Recedes German Government Cuts 2013 Growth Forecast on Euro Woes China Set to Exit Slowdown as Government Supports Infrastructure World Bank Cuts Growth Forecasts as Developed Nations Lose Steam Foreign Demand for U.S. Assets Rises on Global Slowdown EQUITY MARKET Open market, secondary sales top PE exit routes in 2012 Steel consumption grew by 3.9% to 55MT during Apr-Dec Sensex down 169 points at close Govt may use stake sale proceeds to fund banks DEBT MARKET Bond yields climb, rupee falls as RBI talks tough Despite slow sales, auto loan size grows 20% Treasuries Rise for Fourth Day on Debt-Limit Talks Japan Bonds Rise Fourth Day on BOJ Prospects, Stock Slide German Bunds Rise Third Day After Debt Sale; Portugal Notes Gain COMMODITIES/FOREX Asset value set to add glitter to gold Crude oil prices up in Asian trade Oil Rises as U.S. Inventories Unexpectedly Decrease Gold Drops From One-Week High on Demand Concern; Platinum Slides Rupee ends lower Yen Rises as Officials Step Up Currency fight Rhetoric Russia Says World Is Nearing Currency fight as Europe Joins Canadian Dollar Falls as Questions Arise on Global Easing Pound Declines as Gilts Advance on World Bank Downgrade Aussie Dollar Falls Versus Yen After Sentiment Data  MUTUAL FUNDS Direct plans outperform regular mutual fund schemes Kumar M Birla to be Birla Sun Life AMC chairman New distributors get 5-month registration fee waiver from AMFI IIFCL gets SEBI nod for launch of infrastructure debt fund INSURANCE Pay a lower car insurance premium if you are married Health insurance: IRDA proposes uniform definition of key terms REAL ESTATE Global brakes on vertical growth but real estate boom in Asia CCI rejects plea for sanctions against DLF's new project Real estate sector sees better cashflow: Report OPINION Ashoka Mody & Michael Walton: The inflation elixir New bank licences: Risks outweigh benefits in current context Should industrial houses be given bank licences? GAAR:  KNOWLEDGE CENTER More is Not Always Better  One-person companies may soon become a reality A rush to reduce taxes can cost you dear Tax planning for new year