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India may sell government stake in Oil and Natural Gas Corp (ONGC.BO) and Indian Oil Corp (IOC.BO)
India plans to sell government stake in 60 firms in next few years and aims to raise 400 billion rupees in the current fiscal ending March 2011.

July 16 Source: Reuters

Indian rupee gets a symbol
On July 15, Indian authorities approved graphic symbol for the Indian rupee — a blend of the Devanagri 'Ra' and Roman 'R'.

July 15 Source: The Times of India

SPIEF 2010: RUSSIA - INDIA BUSINESS DIALOGUE
Session “Russia – India Busines Dialogue” took place during St.Petersburg International Economic Forum -2010 on the 17th of July. Russia and India have been close strategic partners for decades. But an expanding common agenda on areas such as industrial restructuring, energy and food security are accelerating commercial bilateral ties and creating new business and investment opportunities for both these two emerging economic powers.

June 20 Source: BCCI

Publications
Russia Remains Calm Before Financial Storm
Government leaders, businesses and citizens are beginning to understand that the economic growth of recent years is ending. But where are the signs that the boom is over?

Gazprom: Europe should not fear Russia
Europe has nothing to fear from dependence on Russian gas even though at least a third of its gas will come from Russia by 2015, Gazprom Deputy CEO Alexander Medvedev told Reuters on Monday.

   
 
Traveler's Checks are useful if you're going out to the regions, but aren't worth the bother and expense if you're going to spend most of your time in Moscow or St. Petersburg, and you have an ATM card. You can get dollars or rubles from ATM's using either local or foreign credit and bank cards.
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