Federation Cup 2012

East Bengal regained the Federation Cup after a season, beating Dempo SC 3-2 in the final at Kanchanjungha Stadium. 

Federation Cup:
The Federation Cup (abbreviated as Fed Cup) is an annual knockout style club football tournament in India. It has started in 1977. From its inception till I-League has been started in 1997 (then called NFL), it was the most prestigious national level club football tournament in India. Presently it is the most important club tournament after the I-League, to which it has become a de facto League Cup. The winning club of the Federation Cup gets a chance to compete in the continental level in AFC Cup.

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Kelkar panel recommendations

The Committee headed by former Finance Secretary Vijay Kelkar asked Government to eliminate various subsidies in phases by hiking prices of LPG, kerosene, diesel and food grains  by one-third by 2014-15 in ration shops to deal with the deteriorating fiscal situation. 
It also suggested a slew of bold measures to cut the subsidy bill, which did not find favour with the government.
About disinvestment, the Committee said that in absence of adequate steps the government will be able to raise around Rs 10,000 crore, as against the budget target of Rs 30,000 crore.
It cautions that in absence of these measures, the fiscal deficit of the government could shoot up to 6.1 percent of the Gross Domestic Product (GDP) in the current financial year where as it can can be contained to 5.2 percent with the proposed reforms.

Triple Five scheme

The Union Government set up a directorate, under Tea Board, which will serve small tea growers, Jyotiraditya M. Scindia, Union Minister of State for Commerce and Industry.
The initiative is now only for the tea sector. This could be extended to other plantation sectors, if needed, Scindia said.
He added that some of the areas of importance for the tea sector were re-plantation and rejuvenation, increase in exports, and tackling challenges such as labour shortage and higher mechanisation.
The government had come out with the Triple Five (555) scheme to increase Indian tea exports.
It is 555 scheme because, the focus would be on five markets with five major measures for five years. For the first phase, the government had sanctioned Rs.6.5 crore for this scheme.