Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Govt to come out with modified DTC Bill: Shome 8 core industries’ output dips to 2.6% in December Govt revises downwards FY12 GDP to 6.2% from 6.5% Statistical twist to help India's 2012/13 growth look better Worsening global situation to have severe impact on India: ADB Retail inflation for industrial workers rises to 11.17% in Dec Union Budget: Desperate on deficit, govt to set to slash defence and welfare spending   INTERNATIONAL ECONOMY German Unemployment Unexpectedly Declined in January R-Word For U.S. Economy in 2013 is Rebound Not Recession Asia Leads Global Recovery After Unexpected U.S. Slip U.K. Consumer Confidence Increases on Economic Outlook Russian GDP Growth Slowest Since 2009 Consumer Spending in U.S. Rose in December EQUITY MARKET India's domestic air traffic shrank by 2.1 per cent: IATA Sensex falls to 2-week low on profit-booking Govt fixes floor price of Oil India stake sale at Rs 510, auction tomorrow DEBT MARKET More banks cut lending rates Treasury Yields Almost at 9-Month High Before Payrolls Bond Sales Globally Reach Busiest January  German Bunds Rise After Retail Sales Decline My Wealth Club's Alternative to Bank Fixed Deposit COMMODITIES Gold up Rs 65 on fresh buying; silver gains Rs 480 Oil Falls for First Time in Four Days on Jobless Claims Gold Falls Most in Week as Improving Economies Curb Haven Demand Copper Swings Between Gains and Drops  FOREX Rupee ends a tad stronger Euro Has Longest Stretch of Monthly Gains in Decade Canada Dollar Breaks Parity as Growth Beats Expectations Brazil Real Trades Stronger Than 2 Per Dollar as Inflow Tax Cut Pound Climbs 3rd Day Versus Dollar as Confidence Rises Australian Dollar Drops as Stocks Fall  MUTUAL FUNDS Equity mutual funds' exposure in banks up 200 bps in Q3 AMFI revises code of conduct for mutual fund intermediaries Debt mutual funds stand to gain from declining rates: Experts INSURANCE Drop in average premium size of life insurance policies: Deloitte Government puts on hold plans to list state-run insurers REAL ESTATE India ranks 9th globally for office space demand, says RICS Maytas Properties agrees to pay Rs 850 crore as settlement Hyderabad second most affordable office market in world: DTZ OPINION FinMin: Cut FD rates for senior citizens Interest rate only a smokescreen A forex fight? Bipartisan cooperation alone can ensure the roll out of GST & create a borderless national market Powerless against policy winds KNOWLEDGE CENTER How to gain most out of RBI's rate cuts Higher EPF deduction can help build better retirement kitty A rush to reduce taxes can cost you dear Tax planning for new year