Economy News Notes:

The Central Government is understood to have put on hold the 26 per cent foreign direct investment (FDI) proposal for the aviation sector.
However, the government appears to have developed cold feet after the recent spate of events, including the stalling of Parliament on the issue of FDI in retail.
Under the SEBI's Takeover Code, an open offer is triggered once an investor acquires 26 percent stake in a listed company. The size of the open offer required is 25 per cent, which would mean that the investor will have to buy additional equity from the public.
However, the Aviation Ministry has batted for fixing a cap of 24 per cent on the FDI.

India's engineering exports sector has recovered strongly from the recessionary dip in 2008-09 to gross record volumes during 2010-11, Aman Chadha, national chairman, EEPC-India, the apex body of engineering goods exporters
EEPC's immediate goal should be to lower the Current Account Deficit in the Balance of Payment to 1 per cent of India's GDP in the next five years from the over 2 per cent level at present
EEPC, which provided guidance to member-exporters in penetrating overseas markets, had set an ambitious target of $ 100 billion by 2012-13 through its promotional efforts in focus regions in South East Asia, Africa, countries of the Commonwealth Independent States and Latin America.
In 2012, the EEPC proposed to organise one of the largest engineering sourcing shows in Canada