DAILY NEWS: OUR PICKS


Moneylife Digital Team 17 February 2014
Moneylife Foundation, in a letter to RBI governor, has requested Dr Rajan to investigate frequent debt restructuring of Lanco group and role played by L Rajagopal, the suspended Congress MP from Vijaywada Moneylife Foundation has sent a representation to Dr Raghuram Rajan, governor of...

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Killing off some zombie banks would be good for a system where banks are hoarding capital rather than lending it, but there is little political or economic incentive to do so Pity the poor regulator, in this case a banking regulator. The European Union has just appointed Danièle Nouy as...

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Neither President Pranab Mukherjee, Congress chief Sonia Gandhi, Rahul Gandhi nor several ministers from UPA have enrolled for the Aadhaar scheme. Yet, the UPA government proposes to re-introduce the NIDAI Bill thus mocking parliamentary process at the fag end of the 5-year term after...

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Foreigners wake up to the Indian reality of politics and economics—again Last fortnight, I had pointed out that market-players are usually weak on macroeconomics and politics, almost always taking too positive a view of the actions of politicians and bureaucrats. They trust the...

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Moneylife Digital Team 14 February 2014
L Rajagopal, the chairman of Lanco group and Congress MP sprayed pepper spray while the Telangana bill was being placed in Lok Sabha. Lanco, which is in the debt restructuring process, has also been frequently involved in a number of controversies Lagadapati or L Rajagopal is in the eye...

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Revival of mining activity in Goa would bring great relief to people who are suffering now and also give impetus for export   It may be recalled that the Supreme Court imposed a mining ban on both Goa and Karnataka due to illegal activities; later on, in the last quarter of 2013, the...

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Moneylife Digital Team 14 February 2014
The PIO could not find the report while the appellant submitted a copy of the same. The CIC then directed the Secretary of Tourism to inquire into the matter. This is the 197th in a series of important RTI judgements given by former Central Information Commissioner Shailesh Gandhi The...

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Marshall Allen (ProPublica) 14 February 2014
The National Quality Forum says it approved allowing Dr Christine Cassel collect six-figure compensation to serve on the boards of health care companies affected by the group's work   The top executive at the country’s pre-eminent health care quality organization is being paid...

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Swami Vivekananda spurred the old NRIs into engaging in any kind of business like that of selling Indian goods in the United States rather than cajole the white masters to provide them with menial jobs Books Reviewed:             A Monk from Bombay - Swami Vivekananda’s historic...

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Moneylife Digital Team 13 February 2014
The CIC directed secretary of Department of Women and Child Welfare at GNCTD to put out on its website, details of those who have been given pension and those who have been rejected. This is the 196th in a series of important RTI judgements given by former Central Information Commissioner...

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Rahul Bhangadia 13 February 2014
The Domino’s pizza operator, a hot stock and favourite of large investors is cooling off as growth rate slows down and higher costs squeeze margins Every now and then, there comes a story which catches everyone's fancy, creates frenzy like there is no tomorrow. Jubilant Foodworks (JFL)...

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There is grim shale news from the US, due to water issues. India too needs to rethink on this new fuel source which requires large volume of water for hydraulic fracturing The US took the lead, a few years ago, in the discovery and the development of shale oil and gas resources which...

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David Epstein (ProPublica) 13 February 2014
The web of dubious connections, suspect medicine and outsize risks behind America’s top sprinter’s failed drug test and ruined reputation   This story was co-published with Sports Illustrated. Last July, U.S. sprinter Tyson Gay held the fastest 100-meter time in the world. He...

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Wittingly or unwittingly, most political parties and media houses appear to be guilty of propagating self-serving and contrived nonsense about 'inherently fallible' biometric identification (Aadhaar) based initiatives of US Department of Defense, NATO, World Bank Group and other international...

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Nidhi Bothra 12 February 2014
The only options left with NBFCs are issuance of compulsorily convertible debentures with no tenure limit on the conversion or contingently convertible debentures or a third instrument that the market may innovate The Companies Act, 2013 is turning out to be opening a pandora box for...

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Just nine of these have been made. One Indian entrepreneur is one of the buyers Lamborghini has manufactured just nine Veneno, a limited edition of its latest, and most expensive, cars. Each costs a whopping $4.25 million (without taxes and duty). Of these, it is known that two have gone...

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ONGC has tremendous potential to serve the nation and reward its shareholders, both in dividends and value appreciation Recently, it may be recalled that when the government wanted to divest from Coal India Ltd by a buy-back arrangement, there was a huge public outcry, essentially from...

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Dr SD Israni 12 February 2014
Can all direct taxes be abolished in favour of a transaction tax? Seems like a pipe dream “We have long had death and taxes as the two standards of inevitability. But there are those who believe that death is the preferable of the two.” — Erwin N Griswold While the kite flying...

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Moneylife Digital Team 11 February 2014
Vindicating the stand taken by Moneylife Foundation, the ministry of corporate affairs has warned people against celebrity endorsements and misleading claims in financial products The Ministry of Corporate Affairs (MCA) has vindicated the stand taken by Moneylife Foundation against...

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If Chidambaram’s expectation comes from genuine concern for public sector units, then it should be demonstrated by not giving ‘informal’ directions to transfer surplus income or profit to government or declare dividends to meet budgeted ‘quota’ of receipts Finance Minister P...

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