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17,500 key level for an upmove
After a promising start, key indices first witnessed an upside breakout, and then crashed due to derivatives expiry and the Dubai debt scare.

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Emirates Airlines to sponsor Arabian Cricket Challenge
Extending its association with cricket, Emirates Airline, the official partner of International Cricket Council (ICC) and the title sponsor of Indian Premier League (IPL) team Kings XI Punjab, will now sponsor the Arabian Cricket Challenge, a Twenty20 format cricket tournament held in Dubai.

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Steel PSUs' budgetary estimates may be inflated: Panel
A parliamentary panel has rapped the steel ministry for under-utilisation of funds by Public Sector Undertakings (PSUs) like SAIL and RINL, and said the Budgetary Estimates (BE) may be “inflated”.
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Strong global support for climate action: poll

Strong majorities around the world back action to fight climate change, with enthusiasm especially strong in developing nations including India, a World Bank survey said today. - "One billion dollar loan sought from WB for urban dev projects" - India may attain 8-9% growth in 1-2 yrs: WB chief - World Bank announces Rs 2,254-cr aid for Rajasthan - World bank agrees on VGF scheme for roads - Aquisition blues land Jharkhand in MoU heap - World Bank agrees to up funds for highways The 15-nation survey, released four days before a high-stakes climate summit opens in Copenhagen, found widespread worries that global warming will eventually harm people, although also some cynicism about the science. Eighty-eight per cent of people surveyed said their country should take action against climate change, with the figure soaring to nearly 100 per cent in growing Asian economies China, Vietnam and Bangladesh, the poll said. The United States, the sole industrial power to shun the current Kyoto Protocol requiring cuts in carbon emissions, saw 82 per cent approving of action in the future, it said. "There was an extraordinary level of support across high-, middle- and low-income countries for responding to an agreement at Copenhagen by committing to emissions cuts," the survey said. The only country where support for climate action slipped below 80 per cent was Russia, where 58 per cent said their country should take steps against climate change. Russians were also the most skeptical about science on climate change, with only 23 per cent saying scientists have found out enough to make the problem urgent. In India, 48 per cent saw a scientific consensus on climate change and an unusually large 26 per cent said they did not know or did not respond.


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