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Tuesday, February 16, 2010

3G auction date to be set to maximise revenue - official

Cabinet secretary said on Tuesday it does not matter if the 3G auction happens in this fiscal year or the next, and setting a date will be done according to how to maximise revenue from the auction.

"I think all the issues have been resolved," cabinet secretary K.M. Chandrasekhar told reporters. "I don't think it really particularly matters if this year or next year."

The auction has been deferred since January on differences with the defence ministry which possesses much of the airwaves. The lack of this revenue this fiscal year ending on March 31 will impact India's fiscal deficit, which is at a 16-year high.A

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 03
19:30 RealClearMarkets/TIPP Economic Optimism (MoM) 1 49.2 49.1 47.9
19:30 Factory Orders (MoM) 2 -3.7% -3.0% 3.4% Revised from 4.3%
19:30 Fed's Bostic speech 2
19:30 JOLTS Job Openings 2 7.391M 7.100M 7.200M Revised from 7.192M
n/a GDT Price Index 1 -1.6% -0.9%
21:15 Fed's Goolsbee speech 2
22:30 Fed's Cook speech 2
Wednesday, Jun 04
n/a Total Vehicle Sales 1 16.3M 17.3M
02:00 API Weekly Crude Oil Stock 1 -4.236M
04:30 AiG Industry Index 2 -15
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