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Media	Asset Management	Research
India’s Real Poverty This is India’s Shining Decade	Oxus Performance Newsletter, December 2009 Oxus Performance Newsletter, November 2009	Indian Economic Growth 1950-2008: Facts & Beliefs, The Long Run Growth Prospects of the Indian Economy

		Oxus Fund Management Oxus Fund Management (OFM) has been operational in India since September 1998 as a SEBI licensed portfolio manager. It is a research and advisory firm which manages assets for both corporate clients and high net-worth individuals in domestic debt, equities and foreign currencies.

		Oxus Research Established in September 1996, Oxus Research conducts frontier level research on emerging markets, with special focus on India. Specifically oriented towards financial markets, Oxus publications include an analysis of the Indian capital market, the role of Chinese mercantilism in causing the East Asian Crisis, currency undervaluation and its relation to growth, the role of the middle class in development, and several articles on the importance of Capital Account Convertibility to growth in developing countries.

		Developing Trends Developing Trends is a newsletter on major markets and currencies which started off at the Deutsche Bank in 1994 and continued in India. Oxus Research and Investments will restart its publication in 2010. Past issues are available on the website.

		Team With a high-powered team of economists with more than 40 years of experience, the Oxus team provides its clients with a unique mixture of fund management with economic policy. The team's expertise in economic research, having one of the largest databases and a proprietary economic/public policy model helps Oxus uncover investment opportunities before the theme is evident to others.

Oil rises above $72 on weak dlr, Greek rescue talk
Tue, 09 Feb 2010 08:12:20 GMT

Oil recovered early losses to rise above $72 a barrel on Tuesday, buoyed by a weaker US dollar.

India is sharply divided over introduction of Bt Brinjal
Tue, 09 Feb 2010 07:41:47 GMT

Bt Brinjal is a trans-genic brinjal created by inserting a gene (Cry 1Ac) from the soil bacterium Bacillus thuringenisis (Bt) into brinjal.

GMR Infra wins road contract from NHAI
Tue, 09 Feb 2010 07:36:45 GMT

GMR Infrastructure's consortium awarded road construction project from National Highways Authority of India.

Average income to rise, fiscal deficit to go down
Tue, 09 Feb 2010 07:08:10 GMT

The revival in the economic growth will not only push up average income of people but will also help the government reduce the fiscal deficit.

Rising milk prices may fuel India inflation: Citi
Tue, 09 Feb 2010 06:54:54 GMT

Government data on wholesale price inflation pegs the annual jump in milk and dairy at 13.4 per cent in December from 6-7 per cent in the previous year and the 7 per cent increase in milk prices last week could aggravate the situation further, Citigroup said in a recent note.

Oil falls under $72, euro zone fiscal woes weigh
Tue, 09 Feb 2010 04:24:55 GMT

Oil sank below $72 a barrel on Tuesday, after rising nearly 1 per cent the day before, weighed down by nagging worries over an uncertain demand outlook and the fiscal health of some euro zone countries.

Banks must take RBI concern over teaser rates seriously
Tue, 09 Feb 2010 01:18:28 GMT

But lenders say concern is uncalled for as banks do thorough assessment of repayment capacity.

RBI rules out further rejig of realty loans
Tue, 09 Feb 2010 01:15:32 GMT

The banks were seeking permission to continue classifying some bad realty loans as standard assets even after developers failed to pay. Hits & misses of India Inc in Q3

Smart card-based pay plan has a long way to go
Tue, 09 Feb 2010 00:53:12 GMT

The central bank has been keen on rolling out EBT in Karnataka, considered India?s technology hub. Six of the state?s 29 districts have been identified for the project.

'Emerging markets grab higher share of FDI in 2009'
Mon, 08 Feb 2010 22:03:17 GMT

In 2009, emerging markets grabbed a higher share of FDI - 51.6% - than developed countries did, mainly due to a steep fall in FDI into developed markets, almost 50% lower than in 2008.

Growth pegged at 7.2%, Centre looks to unwind
Mon, 08 Feb 2010 20:45:00 GMT

With confidence that the economy has well and truly turned the corner, attention is now shifting to the policy measures that are required to keep inflation under check and restore fiscal balance.

Biometrics, electronic-attendance to plug NREGA loopholes
Mon, 08 Feb 2010 20:31:38 GMT

The government is likely to introduce biometrics cards and electronic attendance systems from next fiscal to plug the leakages in its flagship employment scheme NREGA.

Govt mulls nuclear trade policy
Mon, 08 Feb 2010 20:24:22 GMT

The government may frame a policy for undertaking international civil nuclear commerce.

SEZ tax relief likely to stay even in new tax regime
Mon, 08 Feb 2010 20:06:52 GMT

The government is likely to clarify in the budget that special economic zones or SEZs would continue to enjoy tax benefits in their current form.

RBI increases securitisation disclosure requirements
Mon, 08 Feb 2010 17:39:28 GMT

The Reserve Bank of India (RBI) on Monday increased disclosure requirements for banks who sell securitised assets, to increase transparency for investors under the enhanced Basel II framework.

Biometrics, electronic-attendance to plug NREGA loopholes
Mon, 08 Feb 2010 20:31:38 GMT

The government is likely to introduce biometrics cards and electronic attendance systems from next fiscal to plug the leakages in its flagship employment scheme NREGA.

Banks must take RBI concern over teaser rates seriously
Tue, 09 Feb 2010 01:18:28 GMT

But lenders say concern is uncalled for as banks do thorough assessment of repayment capacity.

Exports from SEZs up 127% in Apr-Dec 2009-10
Mon, 08 Feb 2010 15:03:22 GMT

Exports from SEZs, or tax free enclaves, during April-December this fiscal grew by a robust 127 per cent to over Rs 1,50,000 crore year-on-year despite slump in global demand.

GMR Infra wins road contract from NHAI
Tue, 09 Feb 2010 07:36:45 GMT

GMR Infrastructure's consortium awarded road construction project from National Highways Authority of India.

India is sharply divided over introduction of Bt Brinjal
Tue, 09 Feb 2010 07:41:47 GMT

Bt Brinjal is a trans-genic brinjal created by inserting a gene (Cry 1Ac) from the soil bacterium Bacillus thuringenisis (Bt) into brinjal.

Stimulus drawback likely on higher GDP growth
Mon, 08 Feb 2010 18:49:00 GMT

Advance estimates of national income growth released today by the Central Statistical Organisation (CSO) project it at 7.2 per cent in 2009-10, pegging it a notch below earlier forecasts of the Reserve Bank of India (7.5 per cent) and finance ministry (7.75 per cent). With economic growth back on track the government may initiate a phased withdrawal of the fiscal stimulus package.

Govt drops bank M plans
Sun, 07 Feb 2010 18:52:00 GMT

The government has decided not to take any fresh initiatives to discuss mergers and acquisitions (M&As) among public sector banks, following adverse views expressed by the Reserve Bank of India (RBI) and reservations from political quarters.

Modi raises the heat at meet
Sat, 06 Feb 2010 19:16:00 GMT

Tempers flared and charges were traded between the Bhartiya Janata Party and the Congress at the meeting of chief ministers of states convened by Prime Minister Manmohan Singh here today to debate the sharp rise in food prices. Finance Minister Pranab Mukherjee had to intervene at least thrice as Gujarat Chief Minister Narendra Modi fired one salvo after the other at the Central government.

Sena blinks, will not oppose Khan
Sat, 06 Feb 2010 19:13:00 GMT

My Name Is Khan, produced by Dharma Productions with Shah Rukh Khan and Kajol as lead actors, will in all probability hit theatre screens across Mumbai on February 12. The Shiv Sena, which had taken umbrage on Khans observation that Pakistani cricketers shouldnt have been ignored for the Indian Premier League, softened its stand today and said it will not oppose the screening of the film. Mumbai is the largest grosser for films in the country.

Team formed to revamp PDS
Sat, 06 Feb 2010 19:10:00 GMT

Manmohan Singh will lead committee of 11 Cabinet ministers and chief ministers.

Pulses may douse the inflation fire
Thu, 04 Feb 2010 19:31:00 GMT

Annual food inflation has picked up for the second consecutive week, with the food price index rising 17.56 per cent in the 12 months to January 23, higher than an annual rise of 17.40 percent in the previous week, data released on Thursday showed.

Raise cooking, auto fuel prices, says Parikh Panel
Wed, 03 Feb 2010 18:53:00 GMT

The Kirit Parikh committee has recommended market-determined pricing for petrol and diesel. It has also recommended linking the price of domestic LPG and kerosene distributed through the Public Distribution System (PDS) to the increase in per capita GDP for urban population and agriculture GDP, respectively.

NREGP architects boycott anniversary
Tue, 02 Feb 2010 19:21:00 GMT

Non-government activists Aruna Roy and Jean Dreze, who are widely regarded as architects of the National Rural Employment Guarantees Programme (NREGP), today boycotted its fourth anniversary celebrations at Vigyan Bhavan as a protest against the manner in which the programme had been implemented.

Experts unsure of long-term health effects of Bt brinjal
Tue, 02 Feb 2010 19:19:00 GMT

The approval to genetically modified (Bt) brinjal seems to have been been given without adequately assessing long-term health risks, although with a stipulation that surveillance and long-term follow up should be conducted two conditions that experts are aware have not been fulfilled even in the case of some critical drugs.

Delhi airport to be made global airline hub
Tue, 02 Feb 2010 19:15:00 GMT

Air India to shift, unused capacity in existing bilaterals may be mobilised.

Russia's T-90 vs India's Arjun
Mon, 01 Feb 2010 18:53:42 GMT

Next month, Indias homegrown Arjun tank will take on the new Russian T-90 in a long-awaited comparative trial.

Pollution board mulls 'noise governors'
Fri, 29 Jan 2010 19:03:00 GMT

Bursting crackers or dancing to the tunes of a disc jockey (DJ) will not be the same in times to come with the Central Pollution Control Board (CPCB) planning to install noise governors on instruments that multiply sound. These noise governors are on the same lines as speed governors in vehicles and will shut off the noise-causing instrument like sound boxes or DJ systems, the moment noise crosses the prescribed limits.

Former civil aviation minister Rudy joins IndiGo as co-pilot
Fri, 29 Jan 2010 19:01:11 GMT

Former Civil Aviation Minister and Bharatiya Janata Party (BJP) national spokesman Rajiv Pratap Rudy has been hired as a co-pilot with Delhi-based private airline IndiGo Airlines on an honorary basis.

'Chatwal was not on original Padma list'
Wed, 27 Jan 2010 19:09:00 GMT

The tale of how Sant Singh Chatwal, US hotelier, Democrat sympathiser and widely considered an arriviste by Delhis social circle, was awarded the Padma Bhushan, got curiouser and curiouser.

SEZ Act needs overhaul: CBEC
Wed, 27 Jan 2010 19:04:17 GMT

The Central Board of Excise and Customs (CBEC) has recommended an overhaul of the Special Economic Zone (SEZ) Act 2005 saying it has detected gross violations of duty and tax concessions causing it to suffer a revenue loss of Rs 1,75,000 crore to date.

Interest subsidy for exporters may be extended
Tue, 26 Jan 2010 18:50:00 GMT

The government is likely to extend the 2 per cent interest subsidy given to exporters on rupee export credit from March 31 to December 2010. The announcement is expected in the upcoming Budget.

Raw sugar piles up at ports
Mon, 25 Jan 2010 19:05:00 GMT

Nearly 750,000 tonnes of imported sugar are stuck at the Kandla and Mundra ports even as prices skyrocket in the domestic market. Thats because the sugar importing mills in Uttar Pradesh have still not been able to arrive at an agreement on processing imported raw sugar by millers in Maharashtra and Gujarat.

Finance ministry pushes for single-rate GST
Mon, 25 Jan 2010 18:59:00 GMT

The finance ministry has rejected the two-rate goods and services tax (GST) structure proposed by the states, adding further doubts to the April 2010 deadline for the roll-out of a unified indirect tax system for Indian states.

Little success in govt price war
Sun, 24 Jan 2010 19:16:00 GMT

The governments war on food prices has seen marginal success so far. Retail prices of sugar dipped 6 per cent after the government announced a slew of measures on January 13. Prices of grain and pulses have remained unchanged.

North Block rejig ahead of Budget
Fri, 22 Jan 2010 19:14:00 GMT

Finance Minister Pranab Mukherjees core team for the Budget will witness a crucial change on February 1. With the government announcing the appointment of Sunil Mitra as revenue secretary, the West Bengal cadre official will now move to North Block from the Department of Disinvestment, where he spearheaded the recent divestment drive of public sector companies.

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