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Reliance believes that the new price will be effective for supplies between 1st April and 30th June. Fertilizer companies, on the other hand, have taken a stand that whatever the new price is fixed by the government, it cannot be applicable 'retroactively' All the 16 urea producers have...

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Payments and settlements between PSUs and government departments that constitute a large market for the micro and small enterprises-MSEs have been very inefficient and these have been responsible for the creation of the NPAs in MSMEs Micro, Small and Medium Enterprises (MSME) occupy an...

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TruthInAdvertising.org 11 April 2014
Several Herbalifers took their lead generation businesses with them to other MLMs, including to Vemma, setting up new or revamped sites that critics say can put consumers at financial risk When Pershing Square hedge fund manager Bill Ackman renewed his push on federal regulators earlier...

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Charles Ornstein (ProPublica) 11 April 2014
With open enrolment over for private health insurance claims, states are struggling to process hundreds of thousands of Medicaid applications Last week, federal health officials celebrated two milestones related to the Affordable Care Act. The first, which got considerable attention, was...

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You can make quite a few changes to get more out of your Nano. Try them. I now have two neighbours who own Tata Nano cars, one the older version and the other the newer ‘Twist’. Both appear to be satisfied with their choice; and so am I, when I get to drive their cars. They are great...

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The MCA should free the companies that are small or have below Rs5 crore paid up capital from the routine filings other than changes in directors and annual returns There is a school of thought that very rightly laments “The Companies Act 2013 threads small aadmi and his companies with...

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Political appointments have the potential of bringing in people who carry with them their allegiance to New Delhi and thereby their vision being blurred while participating in policy decisions. Why can’t we have a pool of potential candidates for top posts? Search for talent for top...

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Kim Barker  and   Theodoric Meyer (ProPublica) 10 April 2014
Documents released by a House committee do shed some light on the inner workings of the IRS's Exempt Organizations division and how it approached applications of social welfare non-profits, also known as dark money groups because they spend money on elections without reporting their donors

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Moneylife Digital Team 10 April 2014
100bestbuy.com is accused of delivering sub-standard or different products than what were ordered online by customers. Also the online shopping site is allegedly luring gullible customers with its ‘pay & get a chance to win’ contests Singapore-based (as per info from ScamAdvisor.com)...

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A checklist to understand the various kinds of risks while buying stocks Whether you buy a share of HUL or buy one of ABC or XYZ, returns are not guaranteed. What we try to aim for is to minimise the riskiness of buying shares and hope that the market will reward us for our diligence. I...

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Almost 11 out of 13 ‘nominated’ members on Citizen Committee of Pune Tree Authority poor educational qualifications, reveals inspection carried out under Section 4 of the RTI Act. But all of them have strong political links Tree conservation in Maharashtra has been strengthened with the...

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Moneylife Digital Team 09 April 2014
Ignoring plea from domestic users, the Congress-ruled regime has quietly imposed anti-dumping duty on PTA just a week before elections. The sole beneficiary of the duty is Reliance Industries, alleges industry chambers Just a week before the election, the Indian government has 'quietly'...

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For Coal India it is more prudent to allocate adequate funds, bring in foreign equipments and experts, and carry out mining operations within the country itself, as there still are unlimited reserves Latest reports in the media indicate that in order to achieve power projects capacity of...

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17-year-old saga comes to an end It has become routine for litigants in India to experience the truth that delay in justice not only denies them their rights but, at times, can lead to unexpected disastrous consequences. While it is common to find under-trials languishing in jails...

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Joaquin Sapien (ProPublica) 09 April 2014
Jonathan Fleming and his family were overjoyed after the Brooklyn District Attorney dismissed murder charges against him based on evidence withheld at his 1990 trial. In a hearing that lasted less than 15 minutes, Jonathan Fleming's more than 24 years in prison came to an end. The 1990...

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Moneylife Digital Team 08 April 2014
In a case of taking investors for a ride in Bhuj district of Gujarat, the NCDRC asked the developer to get the land converted into non-agricultural land and handover the plots to buyers through execution of sale deeds   In a hard hitting judgement, the National Consumer...

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Ancient Indian facts are being forgotten and the younger generation, drunk with modern technological feats, seems to have forgotten all our scientific feats which are, in fact, the basis of most western scientific achievements   “It is through science that we prove, but through...

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Strange as it may sound, but the PMO transferred an RTI application seeking correspondence about Nandan Nilekani’s resignation as chairman of UIDAI, to the Election Commission! The EC doesn’t even have a locus standi in the matter   “A commercial company enslaved a nation comprising...

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Nivedita Shankar 08 April 2014
Section 74 and 75 of new Companies Act classify any default in repayment of deposits accepted before the enforcement of Act, as liable to be termed as fraud under section 447 if it can be proved that the intent behind accepting such deposits was to defraud depositors   The Companies...

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Nina Martin (ProPublica) 08 April 2014
The ruling means that the woman whose drug use had her facing a possible life term can at most be charged with manslaughter in the death of her stillborn daughter    A Mississippi judge has thrown out murder charges against a young woman in the 2006 death of her stillborn child, a...

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