Finance Minister P Chidambaram draws a line to check CAD at 3.7%

Measures to contain gold imports, including raising customs duty to as much as 10% (the current tariff is 8%), are expected to bring down imports by 100 tonnes to 850 tonnes this year. Further, the government expects a natural compression in oil demand resulting in dollar savings of about $1.5 billion. This could go up if it is able to import more oil from Iran. As far as inflows are concerned, Power Finance Corporation, Indian Railways Finance Corporation and IIFCL would together raise $4 billion through quasi-sovereign bonds while public sector oil companies will raise overseas debt worth $4 billion.

TMT Finance and Warsaw Stock Exchange announce partnership for Central & East Europe Conference in September

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“With the stock market buoyant and an expectation for IPOs, mergers and large capital raisings returning to the telecoms sector, the setting for the conference could not be more fitting.” Over 40 speakers representing the leading telecom and cable operators, private equity investors, investment banks, tech companies and advisory businesses will feature on the programme including from Telekom Austria, Turkcell, Netia, Google, Vectra, Mid Europa Partners, Permira, Innova, Warburg Pincus, Deutsche Bank, Barclays Capital, Raiffeisen and Ericsson. Many more companies will also participate in break out and networking sessions. Katarzyna Gajda, Head of Capital Markets and Investor Relations, Ciszewski MSL Financial Communications will present the findings of a 2013 investor relations survey at the conference: “Investors Relations in TMT Companies from the Analysts Viewpoint – High Standards at a Price”. The detailed survey tackles perception, building trust, and improving investor relations for TMT companies across the CEE region. Pawel Tomczuk, Managing Director, Ciszewski MSL, a key partner for the conference said: “The recent crisis was a crisis of trust in the capital markets, so the value of reputation – not only of companies, but also CEOs and CFOs – and the role of investor relations is more important than ever.

Home Finance of America – Lowest 15 Year Mortgage Rates

Market analyst at Home Finance of America are reporting a higher percentage of refinances to short term mortgages such as 10 and 15 year fixed rate programs in lieu of a traditional 30 year fixed rate loan. A high percentage of borrowers currently holding a 30 year mortgage note can reap significant financial benefits from the fantastic short term rates being offered by competitive low rate mortgage lenders like Home Finance of America. When comparing a $165,000 15 year fixed rate mortgage at the current rate of 3.250% (APR 3.459%) to a 30 year fixed rate mortgage at 4.250% (APR 4.358%) a borrower would save $71,678.70 in total interest payments with the 15 year option. Examples like this make short term mortgages a difficult option to pass on for those fortunate enough to absorb the slightly higher monthly payment that short term mortgages require.

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