Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Policy soon for drug approval, clinical trials Repo rate cut not enough, complementary actions needed: C Rangarajan RBI cuts repo rate, indicates limited room for more  INTERNATIONAL ECONOMY Europe Weighs Cyprus’s Fate After Lawmakers Reject Bailout Deal German Investor Confidence Unexpectedly Rises to 3-Year High Cyprus Rejects Deposit Levy in Blow to European Bailout Plan Gains in Permits Signal Sustained U.S. Housing Rebound EQUITY MARKET Sensex tanks 300 points; Nifty plunges post DMK pull-out from UPA Govt may raise FDI cap for some sectors  DEBT MARKET Lending, deposit rate cuts unlikely Street hopes for one more rate cut in '13 Rs 10,000-cr OMO balm for market RBI cuts rate, but remains hawkish Bond market overlooks 25 bps repo cut; yields trade flat Call rates remains higher on sustained demand US Treasury Futures Remain Higher Before Fed Concludes Meeting COMMODITIES Brent Oil Rebounds From Three-Month Low; Premium to WTI Widens Copper Seen Dropping as Stockpiles Increase, Aluminum May Climb Gold Prices Seen Declining in 2013 as Investor Demand May Wane  FOREX Aussie, Kiwi Dollars Remain Lower After Cyprus Rejects Bank Levy Canadian Dollar Falls 2nd Day on Signs Economic Growth Slowing Euro Falls Toward 4-Month Low Versus Dollar; Drops Against Yen   MUTUAL FUNDS India gold ETF sales fall as investors cut allocations in Soros' wake MFs to be colour-coded to indicate risk Gilt funds may not be the best choice despite rate cuts MFs fear losing assets if 3-day deposit scheme comes true INSURANCE National Insurance likely to be listed by March 2015 Insurers raise exposure to gilts on rate cut hopes Ratings to help track performance of ULIPs  REAL ESTATE Big discounts on resale flats Global property deals seen back above $1 trillion in 2013: report Get Ready to Pay 1% TDS on 50L Flat From June   OPINION A CRR Cut Would Have Helped Ease Liquidity Squeeze: Experts RBI runs out of room Bulls withdraw support despite rate cut -Malini Bhupta BRICS and premature obituaries -Shyam Saran  KNOWLEDGE CENTER Rushing to Save Tax? Look Beyond Insurance at Other Options too 5 real estate traps to avoid Take RBI Cue, But no Need to Churn Your Portfolio Yet How fit are single premium plans to address your needs? Soon, when you switch jobs, PF number will remain the same Budget 2013: Tax for NRIs receiving royalties/ fees from India to go up