DAILY NEWS: OUR PICKS


Moneylife Digital Team 26 October 2013
Many housing societies are keen for redevelopment but they cannot go for redevelopment for want of conveyance. Advocate KK Ramani, an expert on realty issues, speaking at a Moneylife Foundation seminar, explained the intricacies of the laws governing housing societies   Many builders...

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Moneylife Digital Team 25 October 2013
The deadline for registering as an investment advisor under SEBI Investment Advisors Regulations has expired on 21st and apparently only 70 have registered. Clearly, nobody wants to advise; they want to sell products are earn commissions, a reality SEBI failed to realise, despite clear writing...

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Cs Vinita Nair  and   Pooja Rawal 25 October 2013
Meaning of KMPs under the Companies Act 2013 has come up for interesting debate, particularly the apparent mismatch between its definitions under various sections Key managerial personnel (KMP) sounds like the most important person of a company.  And why not, they do have an important...

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Nomination is one of the most important aspects of succession and estate planning. Yet few investors and people know about it, and its implications. Here’s a guide to nomination for investors wishing to plan better   Nomination ensures comfort for the family to a free, easy and...

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Indian PM fared worse in China in comparison with visiting leaders from Russia and Mongolia. Especially nothing concrete was done during the visit to reduce the gap between India’s import and export to China For the last few months, there have been great expectations that a number of...

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Charles Ornstein (ProPublica) 25 October 2013
Health and Human Services asked for comments about its website. It got them by the hundreds. Consumers and insurance agents say they were stymied, and one applicant said he and his wife were wrongly listed as incarcerated - then denied   Over the weekend, the U.S. Department of Health...

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In our country, it is rarely noticed as to when the concept of massively organised information quietly emerges to become a means of social control, a weapon of war, and for the victimisation of ethnic groups. Aadhaar is trying hard to make us believe that the UIDAI would fulfil the...

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In an interview, Sukhbir Singh Badal, the deputy chief minister of Punjab as well as president of Shiromani Akali Dal says he wants the state to become an attractive investment destination for all kinds of industries, especially IT, food processing and education sectors Punjab's deputy...

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Moneylife Digital Team 24 October 2013
Morgan Stanley finds that emerging markets (EM) consistently outperformed the MSCI AC World benchmark in 1‐month and 3‐month pre‐election horizons. In India’s case, however, a tight race is predicted and markets could be negative Morgan Stanley Asia Limited, the...

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Justin Elliott  and   Theodoric Meyer (ProPublica) 24 October 2013
The agency, President Obama, and members of Congress have all said NSA spying programs have thwarted more than 50 terrorist plots. But there's no evidence the claim is true Two weeks after Edward Snowden’s first revelations about sweeping government surveillance, President Obama shot...

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SEBI draft paper on Real Estate Investment Trusts (REIT) permits real estate funds which will invest in completed and revenue generating real estate. While you can invest without physically buying a property, your investment carries risks of price corrections and hence fraught with timing of...

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Public Information Officers -PIOs not performing their duty of providing information is a frequent experience of an RTI activist Early this week, I once again experienced rejection, or rather telling of a brazen lie regarding the controversial water cut in Pune that was stalled recently...

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Most important point, in the whole onion episode, is the way every authority is overlooking hoarding and supply controls by wholesalers and middlemen to secure high prices The common man's luxury of onion consumption was covered in Moneylife issues recently. In spite of repeated...

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Moneylife Digital Team 23 October 2013
SEBI has mandated that NSDL and CDSL to jointly create and co-host centralised database for corporate bonds and debentures. It may be available as early as January 2014 and will be accessible to everyone without any fees. SEBI move aims to strengthen the debt market in the country The...

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Moneylife Digital Team 23 October 2013
Bombay HC had asked IRDA to come up with package rates for 42 ailments based on policyholder’s sum insured and type of hospital. GIC has intervened to be part of the PIL. They have expressed difficulty in implementation of pre-packaged rates due to the lack of hospital regulator The...

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Moneylife Digital Team 23 October 2013
At present there are eight banking sector schemes. But more important than choosing the right scheme, an investor needs to be cautious about when to invest in a sector fund. Birla Sun Life Mutual Fund plans to launch an open ended banking & financial services sector scheme. The scheme...

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Charles Ornstein (ProPublica) 23 October 2013
It was the Twitter equivalent of blurbing a book using the one positive line from a review that actually trashed the book, the Washington correspondent says Last week, Ryan Lizza, a Washington correspondent with the New Yorker, did what I and many other journalists have done in the...

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We have tonnes of foodgrains rotting in open, improperly covered stocks lying all over the place, with poor to horrible weather conditions, which are further subject to pilferage and offering a feast to the growing quantum of rodent population in the country Almost 40 years ago, the Food...

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Moneylife Digital Team 23 October 2013
The credit bureau has appointed Mr Pinto as new non-executive chairman and also promoted Kalpana Pandey as its whole time director and chief executive Troubled and cash-strapped credit bureau High Mark Credit Information Services Pvt Ltd (High Mark) has appointed Steven Pinto as its new...

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Moneylife Digital Team 22 October 2013
The CIC directed the PIO of horticulture department at MCD to publish all information about works carried out in various parks in the city. This is the 186th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an...

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