Posts Tagged: first five years

 

MUKESH-FORTIS

awesome21

Yes ,RELIANCE (Bhisampitama of Indian Market )….We Indicated :Three Days back and Today Morning Today.Something is on the way.

Yes ,Firework in ONGC ,GAIL ……..watch out ,Tomorrow Morning ,Gap up opening !

ril17

We told everybody :781–765 is ROCKBOTTOM !

Our Target intact of 852-870 level 

Yes ,870 is LAXMAN REKHA for this stock.Crossover and close for 2 sessions ,Next Target 905-917.

*Think those who bought  860 Call at 17 only !!Let’s see 

Biting the bullet, the government today approved near doubling of natural gas prices to USD 8.4 from April 1 next year, a move which will result in rise in power tariff, urea cost and CNG prices.

This will be the first revision in gas prices in 3 years.

The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved Oil Ministry’s proposal to price all domestically produced natural gas as per a complex formula suggested by a panel headed by Prime Minister’s economic advisor C Rangarajan, a top source told PTI.

The new price will apply uniformly to all producers, be it state-owned firms like Oil and Natural Gas Corp (ONGC) or private sector Reliance Industries. While it was previously said the new rates would apply to regulated or APM gas produced by firms like ONGC immediately, the pricing as per Rangarajan formula will come into effect from April 1, 2014, just when RIL’s KGD6 formula of USD 4.2/mmBtu runs out.

The Rangarajan formula would be applicable for five years. >> Read More

 

The Reserve Bank should give preference to the non-corporate sector for new bank licences, Prime Minister’s Economic Advisory Council ChairmanC Rangarajan said. 

“It is possible for the Reserve Bank to start with initially non-corporate business and find out whether there are suitable applicants and thereafter proceed to look at the other applicants,” he said in an interview. 

The RBI is in the process of finalising the guidelines for giving new bank licences after Parliament approved Banking Laws (Amendment) Bill last month. 

The central bank, Rangarajan said, “should look at various types of financial institutions that are available currently and decide”. 

“…. many of the strong private sector banks today have been at one time or other in the financial system. They can look at it first and look at the other later on,” he said.  >> Read More

 

In Europe, the “no news” vacation for the past month was great news. The news is back… As is Merkel.

  • “The Euro Crisis May Last 20 Years” - Welt

The first five years of the global crisis are over, investors flee from complex financial products and into gold, silver and commodities. Experts warn against a false sense of security. “We should not give us the illusion that the crisis will soon be over,” says Patrick Artus of the French bank Natixis. Years of negative developments such as the growing debt, or the de-industrialization of specific sectors should now be reversed. “Such a process takes time.” Arthur looks to get politically and economically unstable savers years. “Investors have to live with depressed markets and considerable fluctuations learn.” In his view, it must not remain in a lost decade. “The euro crisis may also last 20 years,” says Arthur.

 

  • German finmin: no new aid programme for Greece - Reuters

German Finance Minister Wolfgang Schaeuble said on Saturday that there were limits to the aid that could be granted to Greece and said the crisis-stricken country should not expect to be granted another programme.”It is not responsible to throw money into a bottomless pit,” Schaeuble said at a government open day in Berlin. “We cannot create yet another new programme.”

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Technically Yours,
Team ASR,
Baroda, India.