DAILY NEWS: OUR PICKS


Rob Garver  and   Charles Seife (Special to ProPublica) 18 April 2013
This week ProPublica reported that the Food and Drug Administration found "egregious" research violations at a major laboratory but did not pull any affected drugs from the market and, years later, has not finished its review. Turns out that wasn't an anomaly This week, we reported that...

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If we are all biologically unique, can a single medicine apply to all in all situations? “First and the worst fraud is to cheat oneself. All sin is easy after that…” — Pearl Bailey Although I had suspected that the chemical reductionist drugs that we use in therapeutics are not...

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The Reserve Bank of India’s investigation into tainted private banks which were caught in a Cobrapost sting operation, has now spread to cooperative banks which appear to be the main conduit for the private sector banks to launder money While the banking secretary announced last evening...

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Moneylife Digital Team 17 April 2013
While staying its own judgment in the appointments of information commissioners, the apex court directed that all vacancies to be immediately filled up in all the information commissions in accordance with the RTI Act The Supreme Court has granted a stay on its own order asking the...

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Moneylife Digital Team 17 April 2013
The Department of Disinvestment wants mutual funds to spend a minimum Rs15 crore towards marketing and advertising expenses for the NFO for public sector ETFs. The regular practice is to spend a little over Rs5 crore, that too only in a rising market The Disinvestment of Department (DoD)...

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Moneylife Digital Team 17 April 2013
Investors in Yatra Art Fund-II have alleged that the trustees have spent about 50% of the capital towards fees and expenses, including advisory fees. Will SEBI act on it? With market regulator Securities and Exchange Board of India (SEBI) finally deciding that Osian's Art Fund was a...

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The finance ministry should have consulted the RBI, if at all it was necessary to modify the dividend payout ratio of PSBs for whatever reasons, to avoid the predicament being faced by the public sector banks now  As per the report in The Economic Times (ET) dated 15 April 2013, the...

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Moneylife Digital Team 17 April 2013
It took the market regulator almost six years to finally take a call on Osian's. Moneylife has been spearheading the campaign for refund of investors’ money Market regulator Securities and Exchange Board of India (SEBI) has finally asked Osian’s-Connoisseurs of Art Pvt Ltd (or Osian's,...

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Moneylife Digital Team 17 April 2013
Delhi police and GNCTD failed to provide a viscera report for over two-and-a-half years despite repeated reminders. Such inefficient practices are fertile ground for complete wrongdoing to go scot-free, the CIC noted. This is the 75th in a series of important judgements given by former...

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Dr Nita Mukherjee 17 April 2013
Dr Nita Mukherjee finds selfless volunteering for looking after children afflicted with cancer    After a 24-year long career with Unilever in UK, when Nihal Kaviratne returned home to Mumbai with wife Shyama, they were toying with the idea of doing ‘something meaningful’ in the...

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Indian companies are making brave acquisitions abroad. As a shareholder, you should be wary Many Indian companies, in the past few years, have witnessed increased offshore revenues. I do not know whether it is a good thing for those who invest in the shares of such companies. There are...

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To fight injustice in not being given the ‘right’ of forest land, villagers seek justice through ‘Satyagraha’ —fight for truth as they call it, and what better way than using RTI?   That the Right To Information (RTI) Act is a powerful non-violent weapon to fight injustice and knows no...

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Moneylife Digital Team 17 April 2013
How have mid-cap and small-cap schemes done better than their benchmarks? Simple: by investing in large-caps! Over the past two months (ending 31 March 2013), the S&P BSE Small Cap Index crashed by nearly 19% and the S&P BSE Mid Cap Index fell by nearly 13%. How did small- and mid-cap...

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Moneylife Digital Team 17 April 2013
A Brief Primer on Bitcoin, the internet currency that has taken the world by storm   As the Eurozone plummets into chaos and confusion with the Cyprus bailouts, pundits are questioning the very notion of fiat currency, the Euro’s strength and the very foundation of the European Union....

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Moneylife Digital Team 17 April 2013
Nomura expects that the consensus earnings will fail to deliver the expected 14% growth in FY14 even as they describe that earnings will be key to stock performance for the current fiscal. It has picked ICICI Bank, ITC, Mahindra & Mahindra, Dr Reddy’s Laboratories and Zee Entertainment to...

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Moneylife Digital Team 17 April 2013
MCHI's property exhibition in Mumbai suggests weak demand from end-users due to high prices. There were a few discounts or promotional schemes on offer but none more than 5% of the sales price. Weak affordability remains the key concern for near-term volumes and a revival hinges upon income...

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Rob Garver  and   Charles Seife (Special to ProPublica) 17 April 2013
In 2010, the US FDA uncovered violations it later called "egregious" and "pervasive" at a major pharmaceutical testing lab. But even though the agency no longer knew for sure that drugs tested there were safe, it allowed them to remain on pharmacy shelves with no new testing - in some cases...

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An RBI deputy governor explains with great clarity the customers’ problems and also the solutions, but prefers to remain passive Not long ago, Reserve Bank of India (RBI) deputy governor Dr KC Chakarabarty, triggered widespread outrage, when he seemed to give a clean chit to the three...

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SEBI recently issued a press release claiming to have busted an organised gang trying to cheat targeted individuals with the false promise of riches. Its claims leave a lot of questions unanswered   On 9th April, the Securities & Exchange Board of India (SEBI) issued a press release...

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Moneylife Digital Team 16 April 2013
The Electricity Act does not allow preferential treatment to anybody as far as supply of electricity is concerned, according to KK Bajaj of the Consumer Education and Research Centre The nine-month-old decision in Uttar Pradesh to provide round-the-clock electricity to the two places,...

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