Strategy: 'Common good' and uncommon companies
` Auction is not the only method for allocation of natural resources
` Principle of 'common good' is paramount as spelt out in Article 39 (b) of
the Constitution of India
` 'Respect for the mandate and wisdom of the executive' provides some
clarity
` However, 'arbitrary, unfair, unreasonable and capricious actions' will be
reviewed
` Nothing for free in the future; 'common good' argument can be extended
to recent awards too
Strategy: Welcome, welcome
` Flows, flows, flows - welcome one, welcome all
` FDI blocks may account for US$3 bn CYTD, sovereign funds another US$2
bn
` ETFs, cash-futures arbitrage may have contributed another US$2.5 bn
` It seems a large amount of FII inflows came through P-notes over JulyAugust 2012
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http://www.kotaksecurities.com/pdf/indiadaily/indiadaily01102012kk.pdf
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