Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Major subsidies to decline 11% in FY14 In Focus Rates Unchanged, Amnesty Scheme for Service Tax to Reduce Litigation Tax Revenue Growth Realistic but Other Receipt Targets Too Steep S&P, Fitch Praise PC’s Prudence Resident Devil in the Tax Budget 2013: Measures that will impact NRIs Not an overambitious Budget, say experts Budget 2013: Highlights FM does delicate balancing act on Budget Budget 2013 : No Change in tax rates or slabs   INTERNATIONAL ECONOMY China’s Manufacturing Expands at Below-Forecast Pace: Economy Americans’ Sentiment Improves Along With Job Market: Economy Business Activity in U.S. Unexpectedly Picked Up in February Japan Consumer Prices Fall for Third Month as Deflation Lingers Economy in U.S. Ekes Out 0.1% Gain as Trade Gap Shrinks Spending cuts to hit US, weaken global economy: Obama EQUITY MARKET Must Improve Investment Climate, Merely Handing Out Sops Won’t Do In Focus :-There’s Something Strange in the Silence of Infrastructure Bosses Manufacturing Gets a Fresh Push FM Provides the Right enerzier for Entrepreneurship, But in A Small Dose Budget 2013: What's getting costlier & what's cheaper for you Budget 2013: Five reasons why markets tanked nearly 300 points Respite for foreign investors; norms simplified, uniform KYC  DEBT MARKET Budget 2013: Home loan borrowers allowed additional deduction of Rs 1 lakh Dip in inflation makes case for rate cut Inflation-indexed bonds can help increase savings, reduce gold demand  COMMODITIES Commodity Punters Likely to Switch from Gold to Farm Bets Gold drops for first time in 5 days as investment demand falls  FOREX Dollar Beats All Assets in Best Month Since May Amid Budget Cuts Euro Set for Weekly Drop, Dollar for Gain as Spending Cuts Begin Aussie Dollar Rises Versus Peers on Bets RBA to Hold Rate Pound Pares Monthly Drop Versus Euro on Dutch Deficit Forecast Canada Dollar Falls on Speculation GDP Contracted   MUTUAL FUNDS Bank fixed deposits may lead over debt funds More Goodies for 1st time Investors Budget 2013: Reduction in STT on ETFs of mutual funds to cut cost, increase volumes Budget 2013: FM expands Rajiv Gandhi Equity Savings Scheme INSURANCE Banks’ Cover Drive may Pose a Few Worries Banks can act as insurance brokers: FM The future of the insurance sector is pension and health products: D K Mehrotra  REAL ESTATE Non-metro home buyers to gain from deductions Real estate regulator may not monitor commercial projects  OPINION Captain’s Corner :-Inclusive, Innovative But No Big Bang Macro Point:- Fiscal remedy or Voodoo Economics? Business Logic FM Calls it Right, Now it’s Over to the Central Bank  KNOWLEDGE CENTER Gain from asset allocation Decoding Budget Lingo Avoid Trading, Stick to Quality Large-cap Stocks till Budget Guarding against a weak rupee How the rupee’s movements can wreck your portfolio