DAILY NEWS: OUR PICKS


Moneylife Digital Team 22 May 2013
The applicant was seeking to know why the DEC did not recommend UGC for a CBI enquiry against Allahabad Agricultural Institute-Deemed University (AAIDU). The CIC noted this as an important issue, but said it can only ensure delivery of information and cannot order an enquiry. This is the 97th...

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The sun teaches two important lessons: it does not make any difference and shines on everyone, rich or poor showing us the universality of existence. The more important lesson that the sun teaches us is humility, the kingpin for good health and happiness. The sun has been burning for so long...

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There are three sets of records of the same call log from the police control room, reveals RTI filed by Vinita Kamte. This prompted the state CIC to direct the Additional Home Secretary to conduct a probe, pinpoint individuals responsible and submit a report by 10th June on the alleged...

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Moneylife Digital Team 21 May 2013
Estimating how much you need for retirement is hard enough. But even if you are able to do that, getting there is a tough task. In the second part on the series of retirement planning, Debashis Basu, editor Moneylife, focussed on the right way to invest There is a maze of retirement...

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Moneylife Digital Team 21 May 2013
Most likely for the next few days the rally will be met by selling unless the indices manage to close above any previous day’s high   The market settled lower for the second day in a row on selling in auto and banking stocks. Most likely for the next few days the rally will be met by...

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Moneylife Digital Team 21 May 2013
Vinod Rai, the CAG of India is the man behind all the major headlines we have read over the past few years—the 2G scam, coal block allocations called Coalgate, the Commonwealth Games scam and so on. He is demitting the CAG office on Wednesday reminding us that “tomorrow belongs to the people...

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Insurers make you go through medical tests when you buy an online term plan. Apart from nasty surprises of premium escalation, you may be even denied the medical report. Avoid an insurance company that refuses to share the medical reports. You will need them for your records Moneylife...

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Inflation indexed bond is not a plain vanilla financial instrument. The real working of these bonds will be out only post 4 June 2013.  Investors need to understand these bonds thoroughly before taking a call of investments No financial instrument has made the news in India in recent...

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Peter Sleeth (Special to ProPublica) 21 May 2013
Unsatisfied with answers so far, leaders of the House veterans' panel ask defense Secretary Chuck Hagel to explain why Army units cannot find field records from Iraq and Afghanistan The top Republican and Democrat on the House Committee on Veterans’ Affairs are demanding more information...

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Moneylife Digital Team 21 May 2013
MCD's agreement, which was supposedly for five years, allotting the parking lot in Kailash Colony market to Ashiana Security (P) Ltd had neither dates nor proper signature of any recognizable person from the Municipal Corporation. This is the 96th in a series of important judgements given by...

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Penalizing banks and compensating the customers for the delay or deficiency in service delivery standards should form the cornerstone of all banking regulations and create an environment of trust and confidence between the banks and the banking public It is a common practice among banks...

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Moneylife Digital Team 20 May 2013
Even as the deadline for inviting comments on the report of Dr Kasturirangan-led HLWG ended today, former secretary EAS Sarma had questioned the motive in re-evaluation of the Gadgil Committee report on Western Ghats   EAS Sarma, former secretary of the Government of India (GoI), has...

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Moneylife Digital Team 20 May 2013
The indices may trend lower unless the Nifty manages to again close above day’s high   The market snapped its four-day winning streak and ended lower today on pressure from the pharmaceutical sector on concerns about the new drug price order. The indices may trend lower unless the...

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Moneylife Digital Team 20 May 2013
A handful of dynamic schemes vary their allocation to equity according to a pre-defined formula. Some of these schemes have done no better than any other equity diversified schemes. Would the new scheme from BOI AXA Mutual Fund be any better?   Last year, Bank of India re-entered the...

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Khalid Memon 20 May 2013
Virendra Jain, founder of Midas Touch Investors Association, who probably has the most detailed experience of attempting to help investors with redressing grievances addressed to SEBI, talks to Moneylife about the hurdles and problems with the process    In the early 1990s, a bunch of...

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Most people assume that MRP is the final maximum rate at which a product can be bought. Actual discussion with a few shops indicates that the MRP is inclusive of their profits and taxes if any. Few smart shopkeepers, in order to maintain and expand clientele, generally volunteer and give away...

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Moneylife Digital Team 20 May 2013
The illiterate old woman was not receiving her family pension for over 15 years after her husband's death. When the complaint reached the CIC, the PIO promised to make sure that she received her due pension payment. This is the 95th in a series of important judgements given by former Central...

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In the first part of this two-part series we identify certain basic services rendered by every bank, and ensure that these services are offered free of all charges across the board, so that every customer is treated fairly, equitably and in a non-discriminate manner   The Reserve Bank...

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Continuing food scandals in China do bring up a question, perhaps far more disturbing. If the government cannot protect babies or its people, how much protection do investors or markets get?   Regulations are usual supposed to protect ordinary citizens. There are regulations for food,...

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Do not ask the investors’ for PAN number, address proof or for any KYC. Just promise huge returns in few months and give 35-40% commission to agents and voila! You can garner any amount of money from people, both educated or uneducated living in urban and rural areas. And don’t worry about...

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