GOLDEN RULES FOR TRADING

FREE INDIAN SECTORS ALERT - 15.05.2013


* AVIATION: Air India is planning to cut loss-making routes to 15% of its overall network by the end of 2013-14 (Apr-Mar).

* COAL: The high-powered inter-ministerial group for coal will issue show cause notices to JINDAL STEEL AND POWER, TATA POWER, Birla Corp and a few other companies for delay in development of 30 coal blocks allotted to them. 

* GOVERNMENT: Has readied an ordinance to put the land acquisition bill into effect, but would prefer to have Parliament enact it in the next session. The government has set up a Group of Ministers headed by Finance Minister P. Chidambaram to prepare a draft law to insulate the Central Bureau of Investigation from external influence. The government plans to set up a committee to create a data bank for central public sector enterprises' unutilised land. 

* INFRASTRUCTURE: Finance ministry is considering setting up a separate cell to help infrastructure companies to resolve the various issues faced by them in project execution. 

* REGULATORS: RBI and the finance ministry have extended the overseas borrowing window of $1 bln for low-cost housing by two more years. 

* RETAIL: Aditya Birla Group Chairman Kumar Mangalam Birla plans to invest 5.25 bln rupees in the group's retail arm and raise its borrowing limit by 25 bln rupees to ramp up food and grocery business.

* TELECOM: Recently-appointed Law Minister Kapil Sibal has given approval for adoption of the conciliation route for the resolution of the Vodafone India tax issue. The National Security Council has backed the Department of Telecom's proposed policy to encourage local manufacturing of telecom gear against the backdrop of security concerns.