For this, SEBI has reduced the mandatory 12-week gap required earlier between sales to just two weeks. Further, it has provided an option of bidding with an ad hoc margin compared to maintaining a 100 per cent upfront margin in cash. Also, it has removed the compulsory announcement of a floor price. All these moves from the authorities were to spur growth when the numbers are indicating slowing growth.

Decision: German Chancellor Angela Merkel (C) votes with German lawmakers on the EU fiscal pact and permanent European Stability Mechanism (ESM) bailout fund at the lower Bundestag house of parliament in Berlin on June 29, 2012. PIC/AFPu00a0