ECONOMIC SURVEY 2014-15 HIGHLIGHTS

Following are the highlights of Economic Survey 2014-15 presented by Finance Minister Arun Jaitley in Parliament on 27-02-2015.

GDP growth seen at 8.1–8.5 per cent in 2015-16

Double digit growth trajectory; 8–10 per cent GDP in coming years

Inflation shows declining trend during April-December

Current Account Deficit (CAD) to decline to about 1 per cent in 2015-16

To adhere to fiscal deficit target of 4.1 per cent of GDP; to aim for 3 per cent

Committed to fiscal consolidation; to enhance revenue generation

More reforms on anvil; Goods and Services Tax, expanding direct benefit transfers to be game-changers

Foodgrains production for 2014-15 estimated at 257.07 million tonnes; will exceed last 5-year average by 8.5 million tonnes

NITI Aayog, 14th Finance Commission to enhance fiscal federalism

External Sector returning to strength, resilience

Need balance between ‘Make in India’ and ‘Skilling India’

Services sector negotiations at WTO crucial for India in removing many market access barriers

Revitalise PPP model to revive investment

Manufacturing and services equally important for growth

Consumer inflation in 2015-16 to be between 5-5.5%

Lower inflation opens up space for more monetary easing

There is scope for big bang reforms

Labour, capital, land, market reform and skills to be engines of growth

JAM Trinity — Jan Dhan Yojana, Aadhaar, Mobile — to help transfer of funds to poor without leakage

Shield domestic industry to promote ‘Make In India’

Borrowings to fund investment, not for meeting expenses

Food subsidy bill in April-Jan up 20% to Rs. 1.08 lakh cr

Reform Railway’s structure, commercial practices, overhaul of technology

Public investment key growth engine in short-run for Railways, but not a substitute for private investment

More disinvestments on the anvil in current fiscal

Under-recoveries on petroleum products to come down to Rs. 74,664 crore in 2014-15, from Rs. 1.39 lakh crore in FY14

4Ds — Deregulation, Differentiation, Diversification, Disinter (better bankruptcy laws) — to push financial sector growth

Implementation of GST to boost GDP, exports

Suggests medium to long term fiscal policy to target deficit, expenditure

Global commodity prices to remain weak in 2015

E Commerce sector to witness 50% growth in 5 years.

SUN PHARMA CLARIFIES ON RECALLS

Sun Pharmaceutical has clarified with respect to news article appearing in a daily on February 24, 2015 titled Sun recalls 3263 bottles of epilepsy drug in U S.

Sun Pharmaceutical  says that this is a voluntary recall and there is no material impact, of the matter referred to in the article, on the performance / operations of the Company.

IPO ANALYSIS: ADLABS ENTERTAINMENT LIMITED - AVOID

ISSUE OPENS  / CLOSES ON	10-03 / 12-03- 2015
ISSUE SIZE	2.03 CRORE SHARES
PRICE BAND	----
FACE VALUE	RS 10
PROMOTERS	MANMOHAN SHETTY AND THRILL PARK
BUSINESS	THEME PARK / ENTERTAINMENT
LISTING	BSE AND NSE
BRLM	DEUTSCHE EQUITIES, CENTRUM CAPITAL AND KOTAK MAHINDRA CAPITAL
REGISTRAR	LINK IN TIME
AWAIT DETAILED  ANALYSIS

FORTHCOMING IPO: SHREE SHUBHAM LOGISTICS LIMITED

ISSUE SIZE	RS 210 CR
PRICE BAND	NA
FACE VALUE	RS 10
PROMOTERS	KALPATARU POWER TRANSMISSION LIMITED, MR. ADITYA BAFNA AND MR. SHUBHENDRA KUMAR BAFNA
BUSINESS	LOGISTICS
LISTING	BSE AND NSE
BRLM	INGA CAPITAL, CITI GLOBAL AND IDFC SECURITIES
REGISTRAR	LINK INTIME

NSE NEWS : Live Trading Session on February 28, 2015.

NSE has  notified live trading session for 28th Feb as follows: 

Saturday, February 28, 2015 Time Normal Market Open 09:15 hrs.

Normal Market Close 15:30 hrs. 

Position Limit/Collateral value Set up cut off time 16:15 hrs. 

Trade modification end time 16:15 hrs.

RAJESH EXPORTS BAGS AL MALEK JEWELLERY EXPORT ORDERS WORTH RS 732 CR

BANKS UNIONS WAGE TALK : IBA MAY AGREE FOR 15% HIKE

IBA is expected to strike a deal with the bank unions in today's all important wage negotiation meeting. 

PSU banks participation is crucial for implementation of various Central government schemes including the latest Jan Dhan Yojana.

Finance Minister Arun Jaitley  has also appealed to bank employee unions to call off their proposed four-day nationwide strike from February 25 as talks are on for a revision of wages of employees.

IBA is expected to strike a deal with the unions and may agree for 15% wage hike, as demanded by the unions. 

SEBI NEWS : MARKET TO REMAIN OPEN ON BUDGET DAY

Ending weeks of speculation SEBI has informed that both the exchanges will remain open for trading on the Budget Day of February 28.

ECL FINANCE NCD OPENS ON 26-02-2015

 ECL FINANCE LTD's NCD  offer opens on 26^th  February 2015.

OFFER DETAILS :

Options	I	II	III	IV	V	VI
Tenure	36 Months			60 Months
Frequency of Interest Payment	Monthly	Annual	Cumulative	Monthly	Annual	Cumulative
Face Value	Rs.1000
Minimum Investment Amt	Rs.10000
Effective Yield (p.a) - Individual	10.47%	10.45%	10.45%	10.64%	10.60%	10.60%
Credit Rating	‘CARE AA’ [DOUBLE A] by CARE & ‘[ICRA] AA (Stable)' by ICRA

SHANGHVI REPLACES MUKESH AS RICHEST INDIAN

Dilip Shanghvi, who holds over 63% holding in three group companies — Sun Pharma, Sun Pharma Advanced Research and Ranbaxy Labs — is worth about Rs 1.46 lakh crore. 

In comparison, Ambani, through his 45% holdings in two group companies — RIL and Reliance Industrial Infrastructure — is worth around Rs 1.32 lakh crore .

IPO NEWS : RJ, NANDAN PICKS STAKE IN CAFE COFFEE DAY

Ace investor RJ and Infosys co founder Nandan Nilekani  have bought stakes in Cafe Coffee Day. The company intend to hit the primary market soon. 

TCS IS THE FASTEST GROWING BRAND IN THE WORLD

IT  major TCS grew to USD 8.7 billion in 2015, clipping at a growth of 271 per cent from USD 2.3 billion in 2010, making it the fastest growing software brand in the world over the past five years

ABN AMRO SELECTS INFY AS PARTNER

Infosys Ltd has informed  the exchanges that ABN AMRO Selects Infosys as One of the Strategic Partners to Drive its Business Transformation Program.

BSE REVISES CIRCUIT FILTER FOR 20 STOCKS

BSE has revised circuit filter for the following stocks with effect from February 19, 2015.

Sr. No.	Scrip Code	Scrip Name	Circuit Filter % Revised to
1	506128	Parnax Lab Ltd	10
2	524594	Ashok Alco Chem Ltd	10
3	531663	Yuvraaj Hygiene Products Ltd	10
4	531687	Karuturi Global Ltd	10
5	532667	Suzlon Energy Ltd	10
6	532869	Tarmat Ltd	10
7	532907	IL&FS Engineering and Construction Company Ltd	10
8	530381	Petron Engineering Construction Ltd	10
9	536666	Star Ferro and Cement Ltd	10
10	538857	Scintilla Commercial & Credit Ltd	10
11	533401	Servalakshmi Paper Ltd	10
12	590056	Salona Cotspin Ltd	5
13	530967	Kyra Landscapes Ltd	5
14	500372	Samtel Color Ltd	5
15	532972	Sankhya Infotech Ltd	5
16	526067	KCCL Plastic Ltd	5
17	511609	ISL Consulting Ltd	5
18	522650	Bemco Hydraulics Ltd	5
19	536820	Boston Teknowsys (India) Ltd	2
20	538786	Citizen Infoline Ltd	2