DAILY NEWS: OUR PICKS


Justin Elliott (ProPublica) 28 May 2014
The office of Attorney General Eric Schneiderman sought details on how the charity spent donations after the super-storm, but the information was never released   Last month we explored the role of the American Red Cross after Hurricane Sandy and the lack of transparency in how the...

Read More



Moneylife Digital Team 27 May 2014
Economist, columnist and author Bibek Debroy, while speaking at an event organised by Moneylife Foundation, said there is a need to remove the discrepancies in Indian laws and make the legal system robust   There certainly are flaws in the Indian laws that may appear stupid, dated,...

Read More



TruthInAdvertising.org 27 May 2014
Be wary of advertisements posing as independent sites — if it’s promoting something as if it were an ad, be suspicious   We saw this web “ad” amid links to third-party articles across the web — “news from across the web.” That is, we saw it in a place you wouldn’t expect to see an ad,...

Read More



Theodoric Meyer (ProPublica) 27 May 2014
The agency has pushed back indefinitely a hearing on new regulations for social welfare nonprofits that spend money on politics   After intense criticism from both ends of the political spectrum, the Internal Revenue Service has delayed indefinitely proposed rules that would have...

Read More



Banks get away easily under RBI too   The United Sates of America (USA) has extracted yet another whopping financial settlement from Credit Suisse for allowing it to continue doing business in that country. Credit Suisse will pay a fine of $2.6 billion and has agreed to a guilty plea...

Read More



PJ Nayak Committee has some excellent ideas   Bank unions are furious at the suggestion that the government should reduce its holding in nationalised banks to below 50%. The All India Bank Employees Union (AIBEA) has threatened a series of protests and announced a strike against the...

Read More



PMOIndia twitter handle goof up shows cannot do social media by Remote Control   A social media presence, especially on twitter, is considered essential for political success these days. It started with Barak Obama making history in America and has only been strengthened by Narendra...

Read More



Vishrut Patel 26 May 2014
Minerals For All is yet another MLM hard selling ‘concentrated mineral water products’ as the single remedy for all diseases and promises high returns to its marketing agents. Only issue is the water it claimes to procure from the US is just the saltiest water   Minerals For All...

Read More



Justin Elliott (ProPublica) 26 May 2014
Amendment would remove requirement that the National Institute of Standards and Technology consult with the NSA on encryption standards    An amendment adopted by a House committee would, if enacted, take a step toward removing the National Security Agency (NSA) from the business of...

Read More



So the problems are over and Europe is on the road to recovery. Right? Well, maybe not. European sovereign debt is so large that they have to grow to keep their debt stable or impose even harsher austerity measures   Things looked bad. Yields of Spanish and Italian bonds were soaring....

Read More



The launch of polymer currency notes by RBI would be the beginning of the end of fake Indian currency notes entering from Pakistan and other neighbouring countries   While speaking to the press recently, Dr Raghuram Rajan, governor, Reserve Bank of India (RBI), stated that RBI has...

Read More



If Narendra Modi asks why India has so few investors when the markets have hit all-time highs on his arrival, he will get many excuses. Here are the real answers   On 16th May, when a huge Modi wave and the Bharatiya Janata Party’s (BJP) return to power was evident, the Sensex...

Read More



As suggested two issues back, shares of public sector undertakings have shot up. Some of them are still far below their all-time highs   The article I had written for this section on 25th April (15 May 2014 issue) was titled “Modi-fied PSUs”. I had put it as plainly as possible: If...

Read More



Moneylife Digital Team 23 May 2014
Use of the Rights to Services Act with RTI Act can help you move your files faster, Shailesh Gandhi told a packed audience at Moneylife Foundation   While the Right To Information Act (RTI) 2005 is well-known, there is another hardly-known tool available in Maharashtra called...

Read More



The mammoth task of restructuring Coal India has to be done on a war footing, starting with making its subsidiaries totally independent profit centres   The new government takes over official control after the swearing in ceremony on 26th May, when the portfolios will be announced and...

Read More



Moneylife Digital Team 23 May 2014
The average asset value declared by 165 re-elected MPs from the 2014 Lok Sabha shows a rise of 137%. Shatrughan Sinha tops the list with declared assets of Rs131 crore that jumped over eight times since 2009   Common people or voters do several things to become rich, however, most of...

Read More



Moneylife Digital Team 23 May 2014
The Reserve Bank, which was adamant in enforcing biometrics-based Aadhaar on bank customers, has now reportedly asked banks to examine technical difficulties and time frame for the Aadhaar-based payment system, including ATMs and PoS   The Reserve Bank of India (RBI), which was forced...

Read More



TruthInAdvertising.org 23 May 2014
Almost every big player in the social media has settled with the FTC at some point over privacy issues, and most agreed to halt misrepresenting privacy protection and to establish a privacy program for 20 years   Snapchat settled with the Federal Trade Commission (FTC) last week over...

Read More



Commander (Retd) PG Bhat 23 May 2014
In Tamil Nadu's 25 out of 27 constituencies, whose details are available, only three to six candidates have scored more votes than NOTA or none of the above option   Electors can reject all the candidates by pressing a button marked 'None of the Above' (NOTA) in Electronic Voting...

Read More



Moneylife Digital Team 23 May 2014
Are you planning for a higher corpus than you actually need? Retirement corpus is a complex subject. As it is, many savers are not aware about the importance of planning early for retirement. Additionally, the calculations one makes can go awry due to the longevity of one’s life and...

Read More

Free Helpline
Legal Credit
Feedback