West Indies T20 World Champions

West Indies won the 2012 T20 world cup beating Sri Lanka in the final which turned out to be one sided match. It is been a long time since the last world cup victory by the West Indians.
West Indies were the favorites of critics from the beginning itself. Chris Gayle played a crucial role in the progress of West Indies in the tournament. In the final he failed to perform, while his role was played by Marlon Samuels.

Economic reforms round-2

49% FDI in insurance, 26% in pension sector
After foreign direct investment in multi-brand retail sector, the Union Cabinet hiked FDI limit in pension and insurance sectors. Still foreign investors would not be able to gain controlling shares of pension and insurance providing companies as the cap being fixed at 49 per cent for insurance sector and 26% for pension sector. 
This is against the recommendation of Parliament's standing committee on finance headed by BJP's Yashwant Sinha to cap FDI at 26%.

Companies Bill
Breaking a legislation deadlock Companies Bill gets the cabinet nod to incorporate crucial changes. The bill deals with the competition law.

Parekh panel suggestions

Parekh panel on financing of infrastructure headed by HDFC chairman Deepak Parekh suggests big-ticket reforms to attract investment in the infrastructure sector, it recommended increasing electricity charges and rail fares.
The committee also recommends 100 per cent foreign direct investment (FDI) in the telecom sector as against current 74 per cent.
The panel also suggested raising prices of natural gas.

The pannel thinks these recommendations will help in attracting Rs 51.46 lakh crore for funding infrastructure sector during the 12th Five Year Plan (2012-17), said the report which was presented to Prime Minister Manmohan Singh.
The report adds, "a time-bound action plan...with a view to improving the enabling environment for private investment which is expected to finance about 47 per cent of the projected investment during the 12th Plan".