1. PGC
NEWSLETTER
21 February 2014
THOUGHT OF THE DAY
“EXPERIENCE IS NOT WHAT HAPPENS TO
YOU, IT’S WHAT YOU DO WITH WHAT
HAPPENS TO YOU”
ECONOMICS NEWS
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SENSEX
20,711.22 174.58
IMF lauded India's ability to keep a tight rein on spending and
monetary policy as it battles an economic slump and inflation,
praise that comes amid signals of a difference of opinion over
this between the government and the RBI.
CNX NIFTY
6,145.20 53.75
India will need to restructure its export promotion schemes by
making them less dependent on government support to be
WTO compliant.
DOLLAR/ RUPEE
62.13 -0.11
SEBI / COMPANIES UPDATES
•
MARKET UPDATES
Messaging app, WhatsApp, which is being acquired by
Facebook, is under the SEBI scanner along with other instant
messaging platforms for being used to spread price-sensitive
information about stock.
Sahara case: Coming down heavily on the Sahara group for
not refunding Rs 20,000 crore of investor money despite its
order, Apex court summons Subrata Roy and 3 directors of
Sahara.
RBI / TAX LAW UPDATES
•
A committee formed by Reserve Bank will look into capacity
building and skill requirements at various levels of banking and
financial services operations for effective delivery of services.
•
The Reserve Bank has allowed micro and small enterprises
(MSEs) who have de-registered their small scale industry status
to sell stake to foreign investors to help them attract funds.
PGC NEWSLETTER21 February 2014
MCX SILVER
47327.00 -0.36
MCX GOLD
29,859.0 -23.0
MCX CRUDE OIL
6406.00 -0.12
Dow Jones Industrial
average
16,133.23 92.67
Nasdaq Composite
4267.55 29.60
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