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Weekly News: Economic Times

FII funds expected to push markets higher (24 Oct, 2010)

Markets will remain strong in the short termdue to the bullish sentiments and strongforeign institutional investor (FII) inflows

More stimulus expected in US & it will bepositive for the markets, especially theemerging markets, as more fund inflows canbe expected here

Moderation in China’s GDP growth impactseems insignificant, but one can expectsome volatility in the markets due to thespeculations on this issue

FII inflows in big ticket IPO & the marketswill move up after the Coal India IPO listingeven if a part of these funds come into thestock markets

Solar energy to become must for telecom towers (22 Oct, 2010)

The government will make it mandatory formobile phone towers to be powered by solarenergy

The solar power initiative for cell towers willhelp cut the use of noisy, smoke-spewing dieselgensets in tower operations

Prevent flow of government subsidy on dieselfor unintended activities

The proposed government scheme will limitdirect capital support to telecom companies to abasic minimum for laying solar power panels

It may offer soft loans to companies underrefinancing schemes of Indian RenewableEnergy Development Agency (IREDA).

G20 inks pact to avert trade war (24 Oct, 2010)

The Group of 20 major economies agreed to shuncompetitive currency devaluations but stoppedshort of setting targets to reduce trade imbalancesthat are clouding global growth prospects

The main aim of the two days of talks was to easecurrency strains that some economists fearedcould escalate into trade wars

Developing countries are worried thatWashington, by flooding the U.S. banking systemwith cash, is pumping up their asset prices andexchange rates, thus undermining thecompetitiveness of the export industries on whichthey rely for growth

China, among others, frets that the U.S. policystance will debase the dollar, the lynchpin of theglobal economy

India, Brazil to gain most from G-20: US (23 Oct, 2010)

Brazil and India are among thosecountries that actually have thegreatest to gain, and have beenamong the strongest supporters ofthe G-20

G-20 needs to grapple with a set ofeconomic challenges facing the globaleconomy in a way that results in astronger framework for cooperativeaction

it's extremely important to see thecomposition of the board evolve inline with the growing role andresponsibilities of the dynamicemerging markets in the system