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Wednesday, February 27, 2008

Rail budget updates...
Railways to make steel coaches from now onwards this should benefit steel producing companies. Railways to implement IT technologies, and smart cards, online booking facilities on mobiles, etc. This should provide oppotunities to software and IT companies for providing the same facilities.

Railways to also implement professionals fro cleaning and other services this should benefit service sectors providing these types of facilities.

Railways to improve port connections, coal-carrying network. Indian railways expects to load 790mn tons of Freight FY08. Cash Surplus with railways in 07-08 at Rs250bn

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jul 17
07:00 Unemployment Rate s.a. 3 4.3% 4.1% 4.1%
07:00 Full-Time Employment 2 -38.2K 41.9K Revised from 38.7K
07:00 Employment Change s.a. 3 2.0K 20.0K -1.1K Revised from -2.5K
07:00 Part-Time Employment 2 40.2K -43.0K Revised from -41.2K
n/a National Australia Bank's Business Confidence (QoQ) 2 -4
11:30 Average Earnings Including Bonus (3Mo/Yr) 2 5.0% 5.3%
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 4.9% 5.2%
11:30 Trade Balance 1 3,831M
11:30 Exports (MoM) 1 23,300M
11:30 Imports (MoM) 1 19,469M
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