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Tuesday, December 15, 2009

India has no plan to sell stakes in NALCO: Jr FM

The Indian government has no plans to sell part of its stake in state-run National Aluminium Co, junior finance minister SS Palanimanickam told Parliament on Tuesday.

Last month, a senior finance ministry official said the government was looking at 10 listed and about 50 unlisted state-run firms for disinvestment in the coming years and increase public holding to at least 10 per cent in those firms.

Since August, the government has sold shares in NHPC and Oil India.

Ministers and officials have said share sales in NTPC, Rural Electrification Corp and Satluj Jal Vidyut are to be completed by end-March 2010.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 10
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.2% 5.4% 5.5% Revised from 5.6%
11:30 ILO Unemployment Rate (3M) 3 4.6% 4.6% 4.5%
11:30 Average Earnings Including Bonus (3Mo/Yr) 2 5.3% 5.5% 5.6% Revised from 5.5%
11:30 Employment Change (3M) 3 89K 112K
15:30 NFIB Business Optimism Index 1 98.8 95.9 95.8
18:25 Redbook Index (YoY) 1 4.9%
21:00 52-Week Bill Auction 1 3.93%
22:30 3-Year Note Auction 1 3.824%
Wednesday, Jun 11
02:00 API Weekly Crude Oil Stock 1 0.7M -3.3M
04:15 Visitor Arrivals (YoY) 1 -8.4%
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