While, there is good news for foreign investors too, as the
government in its quest for attracting maximum foreign investment, has amended
the Arbitration Act to make it mandatory for a judge presiding over commercial
disputes to settle cases within nine months. There is likely to be some
somberness in consumer durables and auto, as the finance ministry has decided
not to extend excise duty cuts on automobiles and consumer durables beyond
December 31, in order to meet the Budget target of reining in the fiscal
deficit at 4.1 per cent of gross domestic product. There will be some buzz in
the PSU oil marketing companies on report that the government is pushing the
state-run oil marketing firms to pass on the benefit of falling global prices to
consumers as a New Year’s gift. FOR MORE DETAILS CONTACT 8122363668 VISIT
@ www.jackpotfutures.com
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