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Soon after the visit of US trade delegation headed by Locke in New Delhi, Bangalore and Mumbai an announcement is made by the US President Barack Obama and Indian Prime Minister Manmohan Singh on November 8, 2010 to implement the export control policy. This is considered as a first step to implement the export control policy.

On the eve of Independence Day, Obama Administration has removed ban from nine entities including the Indian Space Research Organization and Defense Research and Development Organization.

Prices have been rising everywhere and that has had a great impact on the economic condition. Latest data shows that rising inflationary rates has hit badly 1/3 rd of the households and close to 90 per cent of the population believes that the price rise is going to happen this year as well.

The survey was done by Markit and it clearly showed that 34 per cent of 1,500 people who were regarded in the survey showed that inflation had made them worse off. While 83 per cent told that their cost of living has gone up, it was only 2 per cent that found the costs to be decreasing.

There are a number of problems in front of the Bank of England. After the high rate of inflation that was noticed during the whole period, it is almost sure that GDP data will show slowing down of the economy in the final quarter of this year.

And that puts BoE into dilemma of choosing between growth and inflation curb.

The inflation is at a high of 3.7 per cent which is much higher than the expectations and targets and it is believed that it would rise even further.

Sir Richard Lambert, director general of CBI has blamed the government for putting politics before economic policies and that also means that they had been careless in implementing policies which would have otherwise been useful. And these will directly affect the businesses and job creation as well.

Foreign Direct Investment (FDI) inflows in India are badly affected by the environmental policies. Construction, mining and business services have ruled a period of April-December 2010.

RBI said that many recent episodes incurred in the mining sector, integrated township projects and construction of ports, are hurt by environment sensitive policies and had badly affected the sentiments of investors. The problem does not end here; it is accelerated by the constant procedural delays, land acquisition issues and availability of quality infrastructure.

Sources report that state-run Oil and Natural Gas Corporation's (ONGC) is coming with 13,000 crore public offering in the market on March 15. This decision was taken in a meeting where many officials of ONGC were present including disinvestment secretary Sumit Bose and petroleum secretary S Sundareshan.

Government officials after completing the meeting announced that the first road show will be held on February 2 in Chennai while the FPO will hit the market on March 15.