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5 Ways to Spot a Fake Review
Don't let these hired guns fool you
 
Fake reviews flood the Internet. By some accounts, as many as one in three reviews posted online are bogus, placed there by someone paid to either praise one product or disparage another. Amazon, for its part, is fighting back. After suing several websites selling positive reviews, the largest online retailer from the US has filed a lawsuit against writers, alleging they were selling glowing reviews for products they hadn’t even tried and demanding that these hired guns cease their masquerade. 
 
Meanwhile, for the increasing number of consumers who look to online reviews when making purchasing decisions, here are five red flags associated with fake reviews on the World Wide Web:
 
P-Notes investment into India reaches Rs.2.54 lakh crore
Participatory Notes, or P-Notes, mode investment into India's capital markets grew to Rs.254,000 crore (around $39 billion) at the end of September compared with the previous month, according to data by market regulator SEBI.
 
Securities and Exchange Board of India data showed that earlier investment through P-Notes has been declining in the June-August period after touching a seven-year high of Rs.285,000 crore in May. This was the highest investment since February 2008, when the cumulative value stood at Rs.323,000 crore.
 
The total value of P-Notes investment in Indian markets increased to Rs.253,875 crore at September-end, from Rs.253,310 crore in the previous month.
 
The drop in investment via P-Notes cames after the Supreme Court-appointed Special Investigation Team (SIT) on black money asked SEBI to review its regulations to help identify the end-users.
 
P-Notes, mostly used by overseas individual investors, hedge funds and foreign institutions, allow investors to invest in Indian markets through registered foreign institutional investors (FIIs).
 
These used to account for more than 50 percent of total FII investment in India till a few years ago, but their share has fallen after SEBI tightened disclosure norms and other regulations.
 
Currently, P-Notes make up around 15-20 percent of the total FII investment in India, as against around 25-40 percent in 2008.
 
The SIT on black money had recommended that the know your client norms for P-Notes be further improved.
 
However, the government has recently said it has no intention of putting an overnight ban on P-Notes and it is consulting the Reserve Bank of India and SEBI on the recommendations of the SIT.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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