Government contemplates a task force for giving boost to animation industry

For giving a boost to the growing animation sector in India, the Information and Broadcasting Ministry is planning setting up a joint task force with members of industry bodies.

This task force will help face the challenges of high set-up and production costs, talent shortage and lack of intellectual property protection which daunts the animation industry. The job of the task force will be to forward a roadmap for clearance to the Finance Ministry after consulting and finalizing it with all the stakeholders of the animation industry.

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The domestic demand driven Growth

Domestic demand continues to accelerate as evidenced by a slew of macro and micro indicators from the PMI, credit growth to auto
sales and infrastructure build-out. With demand remaining strong, we think core inflation will likely remain elevated through
FY11, and maintain our above-consensus inflation forecast of 7.5%. This would prompt further action by the Reserve Bank of India to
withdraw accommodation.

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3G Funding – Borrow from RBI as liquidity condition worsens

Liquidity condition in the system has tightened with banks borrowing heavily from the Reserve Bank of India (RBI) through its repo window. The dry up of liquidity from the system was mainly triggered by the Rs 68,000 crore payments made by telecom companies to government to acquire bandwidth for third generation (3G) mobile telecom licenses. Liquidity conditions are likely to improve as government starts spending money that it has received from the telecom companies.

Banks borrowed slightly over Rs 13,000 crore on Tuesday from the apex bank, more than double the amount borrowed on Monday. Banks borrowed Rs 5,840 crore through the repo window in the morning and Rs 7,325 crore in the second half on Tuesday.

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INDIA INC. – TIME FOR INTROSPECTION

It started since early 80s and has now reached the Tipping Point. India is now ready with competitive spirit and full motivation for growth and ready to take up the world financially. It has apparently mastered best competitive practices in marketing, customer services and corporate governance in corporate sector, especially in services, media and banking, the three sectors projecting their success even in global recession to the outside world. Mr.Anand Mahindra said in TOI, as early as on 22nd. June, 2009, in renaming Satyam that customer concentricity, high standard of corporate governance, unimpeachable ethics form the cornerstones of the Mahindra Group.

In 2008-9, overseas investment from India was

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Will India End Subsidies to the Oil & Gas Sector ?

The EGoM (Empowered Group of Ministers), led by the Finance Minister, is slated to meet on June 7 to take a decision on fuel pricing. The key issues that are likely to be discussed and on which a decision could possibly be arrived at are: (i) retail price hikes for the four regulated fuels (petrol, diesel, LPG, kero), (ii) deregulation of fuel pricing, and (iii) transparent mechanism of sharing of the overall subsidy burden.

What will be the likely outcome of this meeting on June-7th ?
Petrol pricing is fully deregulated, (ii) diesel price is partially deregulated (till, say, a pre-determined crude level) and a definite

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Diamond Power Infra bags Rs 117 cr Order from Gujarat Urja Vikas Nigam

Diamond Power Infrastructure has bagged an order worth Rs 117 crore from Gujarat Urja Vikas Nigam for the supply of various products taking the aggregating order book to Rs 1,217 crore. The order needs to be completed within the next seven months. Earlier too, the company had bagged orders worth Rs 96 crore for the … Read more Diamond Power Infra bags Rs 117 cr Order from Gujarat Urja Vikas Nigam