DAILY NEWS: OUR PICKS


Aditi Jhunjhunwala 19 March 2013
Specification of the rate of duty on schemes of arrangements in the state now comes as a big relief. Not only will the stamp duty be lower than that applicable on a conveyance, but the issue of applicable/ applicability of stamp duty is now no longer ambiguous West Bengal has a reason to...

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Moneylife Digital Team 19 March 2013
Nifty may try to bounce back but may get stalled at 5,820   The market closed in the red for the third straight day following the pullout of the DMK from the ruling UPA led coalition government at the Centre. A statement by the RBI in its mid-quarter policy review that, “headroom for...

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Justin Elliott (ProPublica) 19 March 2013
The Gulf kingdom welcomes the International Peace Institute even as it bars some human rights advocates and journalists from the country As Bahrain enters the third year of a crisis sparked by Arab Spring protests in 2011, the government continues to bar many human rights advocates and  

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Moneylife Digital Team 19 March 2013
Despite spending considerable money from the exchequer nobody from the government knew the whereabouts of some of the reports on the 1984 anti-Sikh riots. This is the 59th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or...

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Moneylife Digital Team 18 March 2013
The new scheme from Axis Mutual Fund will use hedging strategies to ‘manage’ risk Axis Mutual Fund plans to launch a new scheme—Axis Dynamic Balanced Fund. This scheme will follow a new approach to dynamic investing. The new scheme will maintain its allocation to cash equity within the...

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Moneylife Digital Team 18 March 2013
Unless the Nifty closes above 5,970, the market is headed lower   The market settled in the negative as cautiousness prevailed a day ahead of the RBI’s policy review and on weak global cues. Unless the Nifty closes above 5,970, the market is headed lower. The National Stock...

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Cora Currier (ProPublica) 18 March 2013
Deutsche Bank agrees to pay $17.5 million to Massachusetts for a deal involving Magnetar, the hedge fund behind many CDOs gone sour Deutsche Bank is the latest financial institution to be fined for not warning investors about the role of the hedge fund Magnetar in creating complex...

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B Vaidyanathan 18 March 2013
If Supreme Court, which everyone normally looks upon as the saviour of the common man, has not done justice to the consumers or the consumer movement, where will the consumers go? Voluntary consumer movement got a fillip in 1986 after the promulgation of the Consumer Protection Act....

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Moneylife Digital Team 18 March 2013
Former Central Information Commissioner-turned activist Shailesh Gandhi had filed a second appeal for obtaining information about undertrials in Maharashtra prisons Former Central Information Commissioner (CIC) Shailesh Gandhi is back at the role of an activist of the Right to...

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Moneylife Digital Team 18 March 2013
Most public authorities appear to be very callous towards their retiring employees and people, who after serving these organizations for years, are made to run from pillar to post like beggars to get their dues, the CIC observed. This is the 58th in a series of important judgements given by...

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Moneylife Digital Team 16 March 2013
The central bank said based on observations reported in its Annual Financial Inspection of HSBC for 2012, it would take further action against the lender, which is under the scanner for alleged violations of money-laundering and KYC norms The Reserve Bank of India (RBI) has said that it...

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Moneylife Digital Team 16 March 2013
If Nifty goes below 5840, it may break the recent low of 5,664   The market settled lower as economic indicators released during the week pointed to a slowdown in growth and on nervousness ahead of the Reserve Bank of India’s (RBI) policy review, due on 19th March. Unsupportive global...

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Moneylife Digital Team 15 March 2013
  If the Nifty breaks below 5,840 next week, the market may go below the recent bottom of 5,664   A sell-off in realty, banking and oil & gas stocks after the government and the RBI said it they would probe the money laundering charges in the top three private charges, dragged the...

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Moneylife Digital Team 15 March 2013
The PIO provided information within 15 days and yet, unaware of the scandalous state of affairs in the food and supply department, the FAA asked him to furnish the information again. This is the 57th in a series of important judgements given by former Central Information Commissioner Shailesh...

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K Saldanha 15 March 2013
The Advertising Standards Council of India upheld complaints against 43 of 50 advertisements in the month of December, including those against big boys like Hindustan Unilever, Pernod Ricard, Aircel and Dabur India. With a new tracking system in place, the self-regulatory organisation claims...

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Moneylife Digital Team 15 March 2013
While one unit of the finance ministry want to penalise citizens for using cheque and cash, another unit believes in providing 2% incentives to encourage online transactions   The finance ministry wants to encourage the use of online payment systems. However, there seems to be two...

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K Saldanha 15 March 2013
Insurers regularly exclude charges to overstate potential returns. Appallingly, this deception is sanctioned by the regulator Unit-linked insurance plans (ULIPs), among the most disastrous financial products in the market, have always needed a push. Insurers historically ensured this...

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Bhamy V Shenoy 15 March 2013
Why the consumers are taken for a ride, while buying goods and services from the public, private and government institutions? Why the Consumer Protection Act has failed to usher in the much expected consumer revolution? What we can do to bring about real reforms Celebrating World...

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Investors cannot start with an assumption that every mutual fund scheme that they intend to invest in can beat inflation. Portraying mutual fund as a product capable of beating inflation to gullible investors is unfair Have you seen the advertisment campaign that Association of...

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Moneylife Digital Team 14 March 2013
The cable distributor along with 24 other entities including its CMD Sameer Manchanda and Network18 founder Raghav Bahl paid Rs4.93 crore to SEBI for settling various alleged violations committed by Den Networks during its IPO   Den Networks, along with 24 other entities, including...

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