DAILY NEWS: OUR PICKS


Moneylife Digital Team 02 April 2013
The CIC directed the PIO to file a police complaint and give a copy of the complaint and certificate from the additional commissioner certifying that this file with the demand draft has been stolen or lost. This is the 68th in a series of important judgements given by former Central...

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Moneylife Digital Team 02 April 2013
The Bombay Stock Exchange has identified those stocks which are illiquid as per SEBI’s new definition and will move them to a separate trading window which will begin from 8th April. Some well known companies are also in the list Acting on a recent directive from the Securities and...

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In a reply to a question in the Lok Sabha on 20th March, ministry of external affairs puts the onus of the passport project on TCS; says it is bound to provide services in compliance with 27 stringent service level agreements While the Master Service Agreement (MSA) is being kept a...

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Moneylife Digital Team 02 April 2013
The Nifty has to maintain itself above 5,675 to sustain the uptrend   The market settled in the positive on all-round gains in the second half of trade. The Nifty has to maintain itself above 5,675 to sustain the uptrend. The National Stock Exchange (NSE) reported a volume of...

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Moneylife Digital Team 02 April 2013
Several customers cheated by the online shopping portal came together through social media and kept up pressure on the police, which finally led to arrest of the timtara.com’s top executives In an extraordinary effort, several cheated consumers of online shopping portal Timtara.com kept...

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Moneylife Digital Team 02 April 2013
TheGML.com is luring gullible people by promising to pay about Rs35,000 every month just by filling online surveys and clicking on the ad links in the email. Is this another Speak Asia in the making? While the duped panellists of Speak Asia are still tapping several doors for refund of...

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Banks are not paying any interest on balances in current accounts. This has not only deprived banks deposits at cheaper rates but has also resulted in money from current accounts flowing into other markets and mutual funds The chairman of State Bank of India (SBI), the largest commercial...

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Moneylife Digital Team 01 April 2013
Despite order from the FAA and as per the requirement of the RTI Act to put in public domain disclosures and record management, the CPIO of the PMO refused to provide information. Instead, he said the applicant failed to show how the information was useful to him either personally, socially...

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Moneylife Digital Team 01 April 2013
The FSLRC headed by Justice BN Srikrishna, invited about 27 persons and organisations for interactions. However, industry bodies like CII and Assocham, Planning Commission's deputy chairman Montek Singh Ahluwalia and RBI's former governor Dr YV Reddy did not bother to engage in the...

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Moneylife Digital Team 01 April 2013
According to Morgan Stanley, due general lack of preparedness of key political parties plus administrative issues to conduct elections on short notice, general elections are unlikely in 2013   The political class is entering into election mode and the worst outcome of the new round of...

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Moneylife Digital Team 01 April 2013
According to a court case, RTI applicants can directly approach the SIC or CIC, as in case maybe, and lodge a complaint if they do not get a response from the PIO within 30 days Right to Information (RTI) applicants can complain directly to State Information Commissions (SICs) or Central...

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Moneylife Digital Team 01 April 2013
Nifty has to maintain itself above 5,670 for the upmove to continue The market recorded minor gains on the first trading day of the fiscal 2013-14, making it the third positive close in a row. The Nifty has to maintain itself above 5,670 for the upmove to continue. The National Stock...

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Yearly periods ending with a high trailing dividend yield have performed well on an average in the following year. With the trailing 12-month dividend yield as of 31 January 2013 at 2.69%, 44 basis points above the median, emerging market equities look attractively poised   Investing...

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Moneylife Digital Team 01 April 2013
Quite often Section 8(1)(h) of the RTI Act is used by PIOs to deny information to the RTI applicant. However, in recent judgments information commissioners have directed PIOs to disclose information regardless Section 8(1)(h) of the Right to Information Act (RTI Act) is often abused by...

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Moneylife Digital Team 01 April 2013
The CIC issued a show cause notice to the PIO for not providing complete information within 30 days. This is the 67th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an RTI application The Central...

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Moneylife Digital Team 01 April 2013
Director and chief operations officer of timtara.com were arrested by the Delhi police for cheating customers of several lakh of rupees After several warnings and outcries raised by duped consumers there seems to be some ray of hope for online buyers cheated by www.timtara.com. According...

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The proposed post office bank can provide the much-needed basic banking facilities in a simple, friendly way to the illiterate and less literate people across the country. However, there is no definite answer whether the post office will shed its image and work culture to take on to...

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Moneylife Digital Team 30 March 2013
Nifty has to stay above last week’s low of 5,605 to head for 5,800-5,860 The market settled in the positive in the holiday-shortened week on a relief rally after a sharp decline of nearly 4% last week on account of the political logjam at the Centre. International events and the release...

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Moneylife Digital Team 29 March 2013
Employees of Muthoot Finance would be covered under the national pension scheme and  employee contribution to NPS will be linked with a contribution by the gold loan company Gold loan company Muthoot Finance Ltd has launched a pension scheme for its employees under the National Pension...

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Moneylife Digital Team 29 March 2013
FSLRC members like KJ Udeshi, PJ Nayak, JR Varma and YH Malegam have pointed out several issues with the recommendations of the Commission, especially about regulatory overreach and controls. The transfer of powers from RBI may even make the Finance Ministry a dominant regulator feared the...

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