DAILY NEWS: OUR PICKS


Justin Elliott (ProPublica) 25 April 2013
As military contractors fight budget cuts, they get a friendly face on the Senate Armed Services Committee Last year, we told you about how former Lockheed Martin executive Ann Sauer had been hired to be the top Republican staffer on the Senate Armed Services Committee.   Sauer got...

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Moneylife Digital Team 24 April 2013
Many customers, harassed HDFC Bank’s new KYC norms, have complained to Moneylife on the issue. Moneylife followed up with HDFC Bank and the regulator and this is what we found out   HDFC Bank, which has been the subject of innumerable customer complaints about harassment to resubmit...

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Moneylife Digital Team 24 April 2013
T+1 settlement appears to be a good idea on paper. However, brokers and small investors are not too happy with it due to lack of infrastructure like banking services Yesterday, Moneylife published an article T+1 settlement system proposed by SEBI: How will it benefit you? written by...

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Moneylife Digital Team 24 April 2013
Nomura Equity Research on the media sector believes that that the initial seeding of STB by cable operators, which has not been backed up by proportionate increase in service infrastructure, will mean that a significant part of these subscribers can still churn away to the DTH industry in the...

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Moneylife Digital Team 24 April 2013
The demerger does not in any way change the prospects of Wipro and shareholders should chose the option to get shares of a known entity that is listed on the stock market Azim Premji-led Wipro has come out with its share sale through offer for sale (OFS) route, following approval from...

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Moneylife Digital Team 24 April 2013
A Russian with history of duping several gullible people in Russia and the US is spreading his “mutual mutual aid fund” idea called, MMM India. This is nothing but a pure money circulation scheme Mavrodi Mondial Moneybox India or MMM India, a multi-level marketing (MLM) or a Ponzi (pure...

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Moneylife Digital Team 24 April 2013
Acting on a complaint, the CIC directed the MCD to display information on sign-boards about funds allotted to councillors and update the details of expenditure every six months. This is the 79th in a series of important judgements given by former Central Information Commissioner Shailesh...

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Marian Wang (ProPublica) 24 April 2013
Prospective students have long looked to low acceptance rates, high number of applications and other factors to determine how prestigious a college is and whether they should apply. However, colleges have found ways to make their institutions seem more appealing   As college-bound...

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It is time that the government announces a more lenient policy towards power related programmes. Why not give the oil and gas exploration industry a free hand instead of creating stumbling blocks? It is common knowledge that power is in short supply. The public is also aware that the...

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Moneylife Digital Team 23 April 2013
The central bank decided to delink the penal interest levied for delayed credit of pension, revised pension and arrears from the bank rate plus 2% and charge a fixed interest rate of 8% on such delays The Reserve Bank of India (RBI) has asked all agency banks to compensate all...

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Aditi Jhunjhunwala 23 April 2013
As per the October 2011 circular, upon amendment to Clause 41(d) of LA, companies were supposed to file only their audited accounts within 60 days. The April 2012 circular says companies could submit their unaudited results within 45 days and there was no specified period to submit audited...

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The proposal to shorten the settlement cycle to T+1 is the most ideal one to mitigate the overall risks in the trading system. With the banking system having taken giant strides in technology, this should help in introducing much faster settlement system in the capital market without any...

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Moneylife Digital Team 23 April 2013
The data loss in transmission from Mumbai to Bengaluru is just one of the incidents highlighting potential threat of Aadhaar. By creating a lucrative database under UID, we are creating the wrong incentives for various interets—from hackers to enemy nations Maharashtra government has...

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Moneylife Digital Team 23 April 2013
The Nifty almost reached yesterday's low, but managed a flat close with a positive bias. A lower low or close below any previous day low may reverse the current upmove. A strong upmove may be possible above 5,870   The market managed a flat close with a positive bias helped by a late...

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Moneylife Digital Team 23 April 2013
In Delhi, rations of about one lakh families were stopped due to non-entry of the data into the computers. The CIC directed the Food Commissioner to look into the issue and send a compliance report. This is the 78th in a series of important judgements given by former Central Information...

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The central bank must clarify whether we have the necessary technology and equipment to mint these polymer notes within the country and announce the timeframe within which these notes would be launched into the financial system The Banking Ombudsman of Karnataka recently had organized a...

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Charles Seife  and   Rob Garver (Special to ProPublica) 23 April 2013
ProPublica had reported that the FDA allowed drugs to stay on the market despite the fact that the research underpinning their safety and efficacy was tainted by fraud. New information shows that even after the FDA had cited the lab for falsifying data, the agency issued at least one brand...

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Moneylife Digital Team 22 April 2013
The collapse of Saradha group, which has been supported first by the Left Front and then by Trinamool Congress, was expected. What will come as a shock to the average person is the political patronage received by such fly-by-night fund collectors West Bengal Chief Minister Mamata...

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Moneylife Digital Team 22 April 2013
While slamming the Sahara group and its chief Subrata Roy, the apex court asked SEBI to deposit money of untraced investors of Sahara with the Centre The Supreme Court on Monday pulled up the Sahara group and its chief Subrata Roy for not responding to the contempt plea filed by...

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Moneylife Digital Team 22 April 2013
The market is very positive on the fall in prices of crude oil and gold. Net effect on the currency is likely to be limited, as “all else” is unlikely to remain the same, according to the Credit Suisse report Most India observers are concerned about the rise in India’s current account...

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