Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Govt nod to Rs 12,517-cr infusion in 10 PSBs Package to remove foreign taxation glitches on anvil India grew at faster clip than China in Oct-Dec quarter: HSBC RBI sees stress on state finances from 2017-18 Expect 8% growth in two-three years, says Montek Singh Ahluwalia Finmin order to curb Q4 spending binge to aid in battle against deficit Citigroup cuts India's rating from 'Neutral' to 'Underweight' INTERNATIONAL ECONOMY WRAPUP 2-US jobless claims rise, but jobs market recovery intact China Exports Accelerate With Credit in Recovery Boost: Economy Draghi Spared as Confidence Swing Quells Rate-Cut Talk Bank of England Maintains Stimulus as Credit Plan Shows Results EQUITY MARKET PE industry looks towards better fortunes in 2013: PwC Draft rules for Companies Bill to be ready by mid-Feb Participatory-Note investments rise to 9-month high at Rs 1.77 lakh crore Nifty ends flat ahead of Infosys Q3 numbers, IIP data Govt approves 10% stake sale in Engineers India Ltd, hopes to raise Rs 800 cr Forecast for 2013: stock market forecasts will be wrong DEBT MARKET Sharp fall in govt bonds triggers rise in tax-saving issues Call rates stay close to repo level  Bond yields edge lower on rate cut hopes US:Treasury 30-Year Bonds Decline Before Sale, Eroding Gains U.K. Inflation Bonds Surge on RPI as Pound Weakens Versus Euro Japan Bond Investors Expect Extra Sales From February COMMODITIES/FOREX Gold may rule flat but dollar holds cues Crude oil up in Asian trade on Chinese trade data Commodities Gain on China  Brazil Swap Rates Rise as Inflation Accelerates Euro Rises as Spain Sells Debt Before ECB Meeting Indian Rupee Rises to One-Week High on Recovery, Rate-Cut Signs  MUTUAL FUNDS Market players want more tax benefits in RGESS Indiabulls Mutual Fund garners Rs 102 cr through Gilt Fund INSURANCE Insurers to get more freedom in choosing investment avenues IRDA revises norms for life insurance products LIC in no hurry to raise stake in listed firms to 30% REAL ESTATE Office space leasing falls by 26pc in 2012: CBRE Real estate in fix: New home launches decline 16% in top 8 cities Mistakes to avoid while buying a house OPINION Industrial production data might spoil PMI cheer Akash Prakash: FM's big bet on market reflexivity 'Overall trade deficit a cause for concern' Encourage NBFCs to continue and build on their business models: G S Sundararajan Underlying reasons for gold rush Column : The political economy of 2013 FE Editorial : Another dull  KNOWLEDGE CENTER Success mantra for 2013: Keep it simple Even those with Rs 12 lakh annual income may find life more taxing Your tax-saving investments: Choice should be based on your needs and investment horizon Buying a used car? Check the documents