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Tuesday, April 27, 2010

FDI stance on retail unchanged - Anand Sharma

There is no change in India's policy on opening up retail sector to more foreign direct investment (FDI) as of now, Trade Minister Anand Sharma told reporters on Tuesday.

The current policy allows 51 percent FDI in single-brand retail only.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 15
11:30 Claimant Count Rate 2 4.7% 4.6% Revised from 4.7%
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.9% 6.0% 5.8% Revised from 5.9%
11:30 Average Earnings Including Bonus (3Mo/Yr) 2 5.6% 5.7% 5.6% Revised from 5.8%
11:30 ILO Unemployment Rate (3M) 3 4.4% 4.4% 4.4%
11:30 Employment Change (3M) 3 206K 144K
15:00 10-y Bond Auction 1 4.679%
17:45 Housing Starts s.a (YoY) 1 245K 229K
18:00 NY Empire State Manufacturing Index 2 -12.4 -20.0
18:00 Import Price Index (MoM) 1 0.0% 0.4%
18:00 Manufacturing Sales (MoM) 1 -0.2% 1.7%
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