Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Activate investments to get back to high growth: Rangarajan Indian IT exports to grow 12-14% in FY’14: Nasscom Govt committed to contain fiscal deficit at 5.3% of GDP: PM Budgetary Support for Central Plan may be raised 5-7% Factory output shrank 0.6% in December India’s CPI-inflation creeps higher to 10.79% in January INTERNATIONAL ECONOMY Russia Resists Calls to Cut as Inflation Concerns Grow Cold Weather Probably Snapped Japan Out of GDP Decline in 4Q G-7 Said to Be Concerned About Excess Yen Moves in Statement U.K. Inflation Stays at 2.7% as Price Pressures Mount: Economy Job Openings Fell in December Amid U.S. Budget Battles: Economy EQUITY MARKET Worried over weak IIP numbers, India Inc seeks Budget stimulus Banks may recall loans of Rs 7,000 cr to Kingfisher Car sales set to be in negative zone, first time in a decade DEBT MARKET Bond yields rise a tad after release of CPI and IIP figures Call rates edge a tad higher on higher demand Bulk deposit rates rise amid tight liquidity COMMODITIES Gold, silver skid on profit-taking, global cues Gold seen under pressure as prices drop below $1,650/oz Crude oil prices mixed in Asian trade  FOREX Currency Outlook: Rupee sentiment weakens Rupee ends flat at 53.84 Aussie May Halt Decline on Fibonacci Support: Technical Analysis Pound Falls to 6-Month Low Versus Dollar Before BOE Data Canada Dollar Gains From 2-Week Low as Oil Discount Lower Yen Gains as G-7 Officials Offer Conflicting Views on Volatility  MUTUAL FUNDS Funds seek open-ended status for RGESS Equity outflows from mutual funds may continue Are fixed maturity plans losing sheen? INSURANCE New lease of life Car insurance : 10 ways to save money REAL ESTATE DDA ready to auction 38 residential plots U.K. House-Price Index Falls as Snow Disrupts Market, RICS Says Home Prices Rise in 88% of U.S. Cities as Recovery Gains  OPINION Lending Rates Need to Come Off for a Rebound It Takes Money To Make Money Bonding with inflation Where’s the bottom? Budget 2013: Squaring the circle Toothless tigers, wounded elephants KNOWLEDGE CENTER Tax-savings Bonds are  Best option before Rates Fall Park money in a contingency fund Look beyond Section 80 C for tax-saving instruments Guarding against a weak rupee How the rupee’s movements can wreck your portfolio