DAILY NEWS: OUR PICKS


A string of high profile accidents has brought in the question of automobile safety even in high-end luxury cars and big vehicles. Are they really safer? There have been some high-profile accidents, reported as well as unreported, involving expensive cars, over the past week. Once again,...

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Dr SD Israni 26 December 2013
Is a restaurant liable if your valet-parked car is stolen from its premises? What should you do? With a rapid growth in cars, parking is becoming a headache. It is not uncommon to find car-owners paying lakhs of rupees for a reserved parking slot. Five-star hotels and gourmet restaurants...

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Western pharmaceutical companies are out to make as much money as they can, not bothering about human welfare. Indian pharmaceuticals mostly have the ‘me-too’ mentality and do only copycat research It was Oliver Wendell Holmes who wrote: “I firmly believe that if the whole materia...

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Apollo Munich has unveiled a diabetes policy at a premium. Is this scheme worth it? Apollo Munich launched an insurance cover called ‘ENERGY’ for those diagnosed with type-2 diabetes mellitus, impaired fasting glucose (IFG), impaired glucose tolerance (IGT) and/or hypertension. More than...

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Should you go for SBI General’s health insurance plan even though its mediclaim premium is higher than government insurers? SBI General has launched a health insurance plan for account-holders of State Bank of Travancore (SBT). The product will offer individual and family floater options...

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The IRDA has come up with guidelines to increase font size of fine print in insurance policies to make it easier and legible for investors and prospective insurance consumers IRDA wants insurance forms to have reasonable font size The Insurance Regulatory and Development Authority...

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CAG pulls up the taxmen for being selective and granting exemption to two Tata trusts It is well known that innumerable cases of tax exemptions and deductions depend on the whims or generosity of the particular assessing officer. Most of this went unnoticed in the past, when the...

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How long will banks get away with funnelling public money into hands of dubious industrialists through CDRs? An Rs8,000-crore CDR package to a politically powerful industrialist on the eve of general elections calls into question RBI’s exhortations to banks to stop ever-greening of bad...

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Promoters like Pramod Mittal exemplify how banks and RBI allow Indian industrialists to get away easily The Reserve Bank of India (RBI) frowns on bad loans; the All-India Bank Employees Union (AIBEA) says deliberate defaults are weakening banks. But, we, the ordinary people, find it hard...

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Moneylife Digital Team 24 December 2013
While most people know about bank fixed deposits, there is a lack of awareness on floating rate deposits. Also find out what are the top-rated corporate bonds While bank fixed deposits (FDs) are popular and simple, there is lack of awareness about floating rate term deposits (FRTDs)...

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Divya B Malcolm 24 December 2013
If you are married the traditional way, but plan to go overseas, make sure your marriage is registered. And in order to do that you need to know the law and its intricacies A long, long time ago, a young damsel met her prince charming, an army officer. They got married, had children, and...

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Since commodities are cyclical in nature, one must aim to buy these stocks at, or below, replacement cost which gives us some margin of safety While choosing to invest in companies that manufacture commodities, like cement, steel, paper, sugar, chemicals, etc, not much effort is needed....

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RBI introduced polymer notes of Rs10 denomination in select cities in India. But most of the counterfeit currency notes in circulation are in higher denominations of Rs500 and Rs1,000 More than 25 countries in the world have successfully introduced polymer currency notes which are at...

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Chandragupta Acharya 24 December 2013
Simplifying legal and procedural hurdles in completing a housing project and eliminating corruption will do far more to address housing shortage in the city than redeveloping clusters The Maharashtra government has ‘in principle’ accepted the revised recommendations of a study group on...

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Joaquin Sapien  and   Hanna Trudo (ProPublica) 24 December 2013
Three decades after 6-year-old Etan Patz disappeared, police suddenly had a suspect. Then they chose not to record his interrogation, a decision that could affect their case A version of this story was co-produced with WNYC. Listen to it here.   Shortly after 7 a.m. on May 23,...

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Moneylife Digital Team 23 December 2013
HDFC Mutual Fund recently announced the acquisition of the schemes of Morgan Stanley Mutual Fund   HDFC Mutual Fund today announced the signing of a definitive agreement for it to acquire all the eight schemes of Morgan Stanley Mutual Fund in India. Morgan Stanley has been into the...

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A complex interplay of macro factors is making Sensex, Nifty move erratically, especially after the US Federal Reserve has decided to taper its bond-buying programme So, the US Federal Reserve (the Fed) has pulled the trigger on tapering. After experimenting with injecting large dollops...

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The Devyani Khobragade row appears to be a motivated act ahead of a verdict of the US District Court pointing out the unconstitutionality of NSA program of indiscriminately collecting electronic data In the context of the current row between governments of the US and India, did our...

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Moneylife Digital Team 23 December 2013
In a surprise move, SEBI has changed the rules of its controversial and harebrained PCAS system. It seems to have realised its folly, and has now excluded profitable companies from the ambit The Securities & Exchange Board of India (SEBI) seems to have woken up to its poor decision...

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Coal India’s move to review dividend, buy-back arrangement and a stake sale was not conclusive as the same has been postponed to February, due to a strike threat by the workers’ union India boasts 7% proven global reserves of coal, estimated at 60 billlion tonnes, and Coal India Ltd...

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