India and South Korea agreed to bolster civil nuclear energy cooperation as well as space activities, including the launch of Korean satellites by India. Both sides judged the developments and expansion of their Strategic Partnership during the second India-Republic of Korea, Foreign Policy and Security Dialogue in New  Delhi. The two sides reviewed the status of bilateral relations and exchanged views on regional and global matters of interest including the position on the Korean Peninsula.

The EU leaders have decided to use the Eurozone's permanent bailout funds to support struggling banks directly, without raising government debt.
EU leaders also agreed that bailout funds could be utilized to stabilize financial markets, which implies buying government debts or bonds. These are steps that Spain and Italy desired, to curtail their borrowing costs , which both consider as their most serious economic problem.

Objective: The move is targeted specifically at rescuing Spain's troubled banks.

To attend to investor apprehensions over taxation issues, the Finance Ministry has proposed a monetary limit for invoking the contentious General Anti-Tax Avoidance Rules (GAAR) in its draft guidelines. As per the guidelines, GAAR provisions would be invoked only in cases where FIIs choose to take the advantage of double tax avoidance agreements and the provisions will apply only to the income earned by taxpayers on or after April 1, 2013. Therefore, the rules would not apply retrospectively, as many investors had feared. An income threshold also has been suggested for invoking the GAAR. The draft guidelines also recommend establishing a 3-member Approving Panel to decide whether a particular case would attract the provisions of the GAAR. The Ministry proposed a monetary limit for invoking the controversial General Anti-Tax Avoidance Rules (GAAR) in its draft guidelines issued. Albeit the draft didn’t specify the monetary limit, it mentioned that those deals which are over a prescribed limit should be covered by GAAR provisions.

The guidelines held that the onus of proving tax liability lies with the Indian authorities and have proposed time limits for completion of various actions under the GAAR.

Coca-Cola Company announced that it would invest $5 billion in the country between 2012 and 2020.

The company aims to double its business visualizing vast growth opportunities in the country.

The company directly hires more than 25,000 people in India creating indirect employment for more than 1.50 lakh people in related industries through its vast procurement, supply-chain and distribution system.

The Indian Embassy in UAE decided to organize Open Days on a regular basis on the first Sunday of each month. The move aims to attend to the grievances of the local Indian community regarding consular, community and other matters.