Month: December 2010

Indians Gold Consumption in 2010

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After a short weak trend in 2009 due to the global credit crisis, India’s spending on gold has bounced back sharply in 2010. India’s gold consumption (in US$ terms) has risen by almost 100% YoY during the first three quarters ending September 2010 after declining 12%YoY in 2009. Cumulatively, India now holds over 18,000 tonnes of above-ground gold stocks worth approximately US$800bn at the current gold price – nearly 50% of the country’s GDP.

Gold Vs Bank Deposits Vs Equities:
Gold holdings among Indian households at current market value are about 2.5 times

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2G Spectrum Scam – Bank Funding – Risk Analysis

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The Honourable Supreme Court, on appeal by one of the NGO’s, has expressed concern over banks providing loans to telecom companies against licenses as collateral and has included bank’s lending to 2G license aspirants as one of the issues to be investigated by CBI in the 2G spectrum allocation case.

We Analysed the situation w.r.t the following – Banks exposure at risk due to non-roll out of 2G licenses by new players, Lapsation,

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Operators urge TRAI not to interfere in tariffs

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Telecom operators have rejected the proposal floated by the regulator that fares should be more transparent and a code of conduct towards this should be framed. In fact, operators are insisting that telecom fares in India now were the lowest in the world and there was not scope for overcharging in any segment because of the cut throat competition.

Earlier, the telecom regulatory authority of India (TRAI) had said that it might intervene to make fares more transparent in order to

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