The Telegraph
Tuesday , February 19 , 2013
Since 1st March, 1999
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Business Briefs

Govt calls off bond sales

New Delhi, Feb. 18: The government today cancelled Rs 12,000-crore bond auctions, lowering its market borrowing programme for the current financial year in a bid to contain the fiscal deficit at 5.3 per cent.With this, total market borrowing by the government in this fiscal will come down to Rs 5.58 lakh crore from Rs 5.70 lakh crore as envisaged in Budget 2012-13.

Bank licences

Mumbai, Feb. 18: The RBI is likely to come out with the final guidelines for new bank licences much before the end of the fiscal as its consultation process with the finance ministry is over, deputy governor Anand Sinha said here today.

EU links

Coimbator, Feb. 18: Negotiations for the India-EU free trade agreement may conclude by March-April this year, commerce secretary S.R. Rao said here today.

Trading probe

New Delhi, Feb. 18: A large number of “pump-and-dump” activities in stocks has come under the scanner of market regulator Sebi, which suspects certain brokers and other entities of luring small investors into artificially high trade volumes.

KPMG post

Calcutta, Feb. 18: KPMG India has appointed Ambarish Dasgupta as head of management consulting. Dasgupta earlier worked for PricewaterhouseCoopers India as consulting leader.