DAILY NEWS: OUR PICKS


Shampita Das 25 July 2014
MCA's latest circular on 'transitional period for resolutions passed Under the Companies Act, 1956’ adds to a long list of such clarifications that seem to be standing in for lawmaking   The Ministry of Corporate Affairs’ (MCA) new avatar as the lawmaker seems to be gaining ground by...

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Moneylife Digital Team 24 July 2014
Hyderabad-based Harshith Enterprises is now the latest and largest stakeholder in Prithvi Information Solutions, according to BSE filings by the company. This company bought the exact number of shares held by Anupama Yellajoshyula in an off market deal. But there is no information about who...

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Moneylife Digital Team 24 July 2014
As a capital goods manufacturer, KPCL will do well if India’s manufacturing growth accelerates   The Indian capital goods sector has been going through a tough time for the past three years, suffering from drying up of order books, given the economic slowdown. This has held back...

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Budget proposal of 2% TDS on Life Insurance will shock many careless insurance buyers   The Union Budget 2014-15 has introduced 2% tax-deducted-at-source (TDS) on the maturity amount of a life insurance policy if it does not qualify for tax-free returns. It is a good decision to keep...

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Moneylife Digital Team 24 July 2014
Despite no business activity for years, the stock price of Midland has shot up by 271%   Midland Polymers used to manufacture polypropylene film used in packaging. Its plant was shut in 2009 and, since then, there has been no income from operations. In 2013, this Indore-based...

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Durgapur, the steel city can hope to welcome visitors by air ,when the new and first private airport in  West Bengal begins its operations at Andal   Decades ago, India's first Prime Minister, Late Pandit Jawaharlal Nehru called various gigantic steel projects and huge dams as India's...

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TruthInAdvertising.org 24 July 2014
The mileage claims in auto advertising are often misleading as the manufacturer gives figures of mileage obtained under certain specific conditions, and not based on general use of the vehicle   As a consumer, there are few things more maddening than getting slammed at the pump. The...

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Moneylife Digital Team 23 July 2014
About 118 prominent citizens, activists, and journalists have signed a statement of concern about what they call Strategic Litigation Against Public Persons- SLAPP, to silence authors, journalists and publishers for good. This follows notices served by RIL upon Paranjoy Guha Thakurta, for...

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Its now mandatory for government servants to declare their assets annually. Section 4 of the RTI Act mandated transparency only in terms of their salary and compensation. Strangely, the new rules have not been pubicised   Section 4 of the Right to Information (RTI) Act mandates that...

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TruthInAdvertising.org 23 July 2014
Consumers of e-cigarette said they signed up for a free product or a supply at a reduced price but then the company repeatedly charged their credit and debit cards, sometimes wiping out their accounts   While the debate continues about whether e-cigarettes are a safer alternative to...

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Indian Commodity markets are among the worst-regulated. Will the finance minster ask some questions?   The repercussions of the Rs5,600-crore scam at the National Spot Exchange Limited (NSEL) and the commodity transaction tax continue to be felt across the set of badly regulated...

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The Bombay High Court, while rejecting the action plan for raising of suburban railway station platforms as submitted by Central as well as Western Railway, has set a deadline of 31 March 2015. The Railways do not seem to be making enough efforts to devise ways to meet the challenge. This two...

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The domestic airline industry in India is operating at a loss and their combined loss is estimated to be at $1.7 billion in 2014. This may increase further if the price war continues and expenses are not reduced   It is reported in the press that Ashok Gajapathi Raju, Civil Aviation...

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Moneylife Digital Team 22 July 2014
An open letter from MLM expert Robert L FitzPatrick of Pyramid Scheme Alert to the US FTC exposes illegality of multi-level marketing (MLM) schemes and how law enforcement agencies can curb it. The same applies for India where thousands of pyramid or network marketing schemes are duping...

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Chain marketing schemes are still having a nice time, despite SEBI’s enhanced powers    The Direct Selling Association of India and the high-profile, multinational multi-level marketing (MLM) companies have stepped up the pressure on the National Democratic Alliance (NDA)...

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Julia Angwin (ProPublica) 22 July 2014
A new kind of tracking tool, canvas fingerprinting, is being used to follow visitors to thousands of top websites, from WhiteHouse.gov to YouPorn   Update: A YouPorn.com spokesperson said that the website was "completely unaware that AddThis contained a tracking software that had the...

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Ananthram Rao 22 July 2014
If the Modi government wants to offer a fair deal to taxpayers, it will have to reform the draconian practices under TDS    The citizens of this country are punished due to some draconian provisions in the Income Tax (I-T) Act, Rules and notifications. They could even be taken for a...

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The Union Budget 2014-15 has talked about retirement saving products and in the process created confusions   The maiden budget of Narendra Modi-led National Democratic Alliance (NDA) government mentions on page 12 that that there would be a “uniform tax treatment for pension and...

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Moneylife Digital Team 21 July 2014
Online scams and frauds have targeted and defrauded many Indians into losing upto $870 million to the scamsters in the last year alone   Two separate surveys with different objectives released almost simultaneously, reveal how susceptible Indians are to cyber fraud and email scams....

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The Budget may have  postponed a quick economic revival. Time for investors to be cautious   Last fortnight, I pointed out that the market-players are showing a deep faith in Modi sarkar and don’t want to see the impediments coming in the Budget. Indeed, the Budget turned out to be a...

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