DAILY NEWS: OUR PICKS


Former CEC Dr SY Quraishi unravels the myth and mystery behind the great election machine, the men and women who run the world’s largest democracy and the citizens who participate in it with great gusto in his book, 'An Undocumented Wonder'. The book will be launched in Mumbai on 9th May

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Moneylife Digital Team 07 May 2014
Lalu Yadav, a convict, and 2G scam-accused A Raja are among the 22 former ministers and MPs given special concession or extended lease of “ministerial bungalows” in New Delhi Several former ministers including Lalu Prasad Yadav, Buta Singh, Dayanidhi Maran, Pawan Kumar Bansal and even A...

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Professionals like CAs and CSs can be punished with a fine of Rs 1 lakh-Rs 5 lakh which can even extend to Rs 25 lakh The Satyam scandal of 2009 not only shook the corporate sector but also woke up the government from its deep slumber. The government embarked on an exercise to tighten...

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All RBI Governors who have stayed in office beyond four years have contributed significantly to the banking system. So there is no need for mainstream media to gossip about the future of Governor Rajan post 16th May verdict Mainstream media, during the last few weeks, starving for...

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The case of Pune-based women constable Jayashree Mane, who was slapped by her senior male colleague for using RTI, continues to be in limbo as the department has yet to admit the FIR. Taking a serious note of the incident the National Commission for Women has ordered an enquiry into the...

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Moneylife Digital Team 07 May 2014
In view of the rising bad loans in state-owned banks, the AIBEA said the RBI should periodically publish the list, the union government should amend recovery laws and take criminal action against wilful defaulters The All India Bank Employees' Association (AIBEA), while revealing wilful...

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A plethora of transport rules, Acts, orders and circulars clog the system Afew days ago, a friend of mine, Rakesh Aggarwal, had a hearing at the offices of the Central Information Commission regarding the Delhi government’s department of transport. His 26 RTI applications had been...

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Here is a lazy, easy approach to building wealth through equity investment I am a firm believer in equities. Equities are perhaps the best form of investment, if one has to preserve, and build wealth, and beat inflation. Plus, there are tax advantages in this form of wealth creation. A...

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It is true Pakistan has opened its doors to over 85% of items to be exported from India but it still does not permit 1,209 items, which includes automobiles, many pharmaceutical products, agricultural produce and textile items like polyester When the new government is formed, in about...

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Here is some startling data from the UK hospitals, supposed to have high standards of cleanliness “The very first requirement in a hospital is that it should do the sick no harm.”— Florence Nightingale. In the 18th century, when hospitals opened in England, the mortality of...

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Moneylife Digital Team 06 May 2014
An online petition, signed by over 18,000 people, seeking to stop prosecution of Dr Ashok Khemka, was handed over to Haryana chief secretary. Dr Khemka is the IAS officer, who dared to question land deals of Robert Vadra, the son-in-law of Sonia Gandhi Citizens across the country who...

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Justin Elliott (ProPublica) 06 May 2014
New York Gov. Andrew Cuomo entered office promising unprecedented transparency, but his aides’ use of private email offers quite a different picture Adopting a tactic that has been used by officials ranging from Sarah Palin to staffers of New Jersey Gov. Chris Christie, aides to New York...

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Moneylife Digital Team 05 May 2014
In a fresh setback to Maharashtra's former chief minister Ashok Chavan, the Supreme Court dismissed his plea challenging the Election Commission’s jurisdiction to enquire into paid news The Supreme Court on Monday said that the Election Commission has the jurisdiction and can enquire...

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China, flushed with funds, does not want to let go the opportunity to permit India taking advantage in Chabahar port development and related projects of railroads in Iran Couple of years ago the idea of developing Chabahar port in the Gulf of Oman with an initial investment of $100...

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Nidhi Bothra  and   Debolina Banerjee 05 May 2014
Dishonour of any post dated cheque issued as an advance payment by any purchaser cannot be considered in discharge of legally enforceable debt or any other liability and thus would not amount to an offence, the Supreme Court has ruled In the world of lending, banks/ financial...

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To avoid costs of compliance, financial institutions in India may decide to filter the US client that they want to be on board. However, the actual impact be realised once RBI, SEBI and other regulators come out with guidelines to ensure compliance with FATCA in their respective domains

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Pune’s lady constable Jayashree Mane was slapped by her senior male colleague as he had to vacate his 'illegally occupied' official 'room'. Mane has filed over 200 RTI applications in a bid to cleanse the irregularities and corruption in the Pune police department. Will she get the justice?

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Blair Hickman (ProPublica) 05 May 2014
Reporter Jesse Eisinger offers his thoughts on the lack of white-collar prosecutions, journalism and the Green Bay Packers On the heels of ProPublica story last week with the New York Times Magazine on the rise of corporate impunity, reporter Jesse Eisinger took to Reddit to answer...

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Is the stock market overheated? How to know when it is? Know the right time to buy stocks and equity funds based on market valuation The stock market is on fire. The Sensex and the Nifty continue to hit newer all-time highs. From the beginning of 2014 up to 17th April, foreign investors...

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If the UPA government announces new gas pricing while in power, but after 12th May, they will be damned and if they don't, they will still be damned!  The Manmohan Singh government is most likely  handover this responsibility to new government The general election process will be...

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