DAILY NEWS: OUR PICKS


Moneylife Digital Team 01 April 2013
According to Morgan Stanley, due general lack of preparedness of key political parties plus administrative issues to conduct elections on short notice, general elections are unlikely in 2013   The political class is entering into election mode and the worst outcome of the new round of...

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Moneylife Digital Team 01 April 2013
According to a court case, RTI applicants can directly approach the SIC or CIC, as in case maybe, and lodge a complaint if they do not get a response from the PIO within 30 days Right to Information (RTI) applicants can complain directly to State Information Commissions (SICs) or Central...

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Moneylife Digital Team 01 April 2013
Nifty has to maintain itself above 5,670 for the upmove to continue The market recorded minor gains on the first trading day of the fiscal 2013-14, making it the third positive close in a row. The Nifty has to maintain itself above 5,670 for the upmove to continue. The National Stock...

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Yearly periods ending with a high trailing dividend yield have performed well on an average in the following year. With the trailing 12-month dividend yield as of 31 January 2013 at 2.69%, 44 basis points above the median, emerging market equities look attractively poised   Investing...

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Moneylife Digital Team 01 April 2013
Quite often Section 8(1)(h) of the RTI Act is used by PIOs to deny information to the RTI applicant. However, in recent judgments information commissioners have directed PIOs to disclose information regardless Section 8(1)(h) of the Right to Information Act (RTI Act) is often abused by...

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Moneylife Digital Team 01 April 2013
The CIC issued a show cause notice to the PIO for not providing complete information within 30 days. This is the 67th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an RTI application The Central...

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Moneylife Digital Team 01 April 2013
Director and chief operations officer of timtara.com were arrested by the Delhi police for cheating customers of several lakh of rupees After several warnings and outcries raised by duped consumers there seems to be some ray of hope for online buyers cheated by www.timtara.com. According...

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The proposed post office bank can provide the much-needed basic banking facilities in a simple, friendly way to the illiterate and less literate people across the country. However, there is no definite answer whether the post office will shed its image and work culture to take on to...

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Moneylife Digital Team 30 March 2013
Nifty has to stay above last week’s low of 5,605 to head for 5,800-5,860 The market settled in the positive in the holiday-shortened week on a relief rally after a sharp decline of nearly 4% last week on account of the political logjam at the Centre. International events and the release...

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Moneylife Digital Team 29 March 2013
Employees of Muthoot Finance would be covered under the national pension scheme and  employee contribution to NPS will be linked with a contribution by the gold loan company Gold loan company Muthoot Finance Ltd has launched a pension scheme for its employees under the National Pension...

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Moneylife Digital Team 29 March 2013
FSLRC members like KJ Udeshi, PJ Nayak, JR Varma and YH Malegam have pointed out several issues with the recommendations of the Commission, especially about regulatory overreach and controls. The transfer of powers from RBI may even make the Finance Ministry a dominant regulator feared the...

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Moneylife Digital Team 29 March 2013
Troubles continued for the debt-ridden Deccan Chronicle Holdings as the DRT ordered attachment of promoter’s properties, while a court in Chandigarh has issued non-bailable warrant against the company directors The regional office of Debt Recovery Tribunal (DRT) from Hyderabad has...

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IRDA health insurance guidelines issued last month will ensure that your cumulative bonus does not go down to zero after you file a claim. Claim in overlapping policy periods will get benefit of available sum insured in the two policy periods. Will the insured misuse it for planned...

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Moneylife Digital Team 29 March 2013
While allowing an appeal, the CIC noted that the ACB itself fist took three years to conduct the inquiries and then kept the report for over a year before forwarding it to the Vigilance Department. This is the 66th in a series of important judgements given by former Central Information...

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Moneylife Digital Team 29 March 2013
Automobile companies are offering discounts and low interest rate schemes to increase sales volumes but growth remains very weak Customer footfalls and conversion rates have remained quite low in the Indian automobile industry. Although automakers are offering discounts and low interest...

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Cora Currier (ProPublica) 29 March 2013
Human rights researchers years ago identified a man who may have been held secretly by the CIA, and whose whereabouts were unknown. It appears that man is now in custody in New York Federal prosecutors in Brooklyn unsealed an indictment Wednesday charging Ibrahim Suleiman Adnan Adam...

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Moneylife Digital Team 29 March 2013
As per World Steel Dynamics, inventory restocking should continue in China on a broader level as 2012 saw a large destocking of inventory which is still getting replenished The Chinese crude steel production momentum remains strong since October 2012 and has grown in double digits for...

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Bruce Schneier 29 March 2013
Maintaining privacy on the Internet is nearly impossible. We consumers have no choice in the matter. All the major companies that provide us with Internet services are interested in tracking us I am going to start with three data points.   One: Some of the Chinese military hackers...

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Moneylife Digital Team 28 March 2013
Apart from an agency created by merging SEBI, FMC, IRDA and PFRDA, there should be six other agencies in the financial system including three new ones, suggests the FSLRC   The Financial Sector Legislative Reforms Commission (FSLRC) has recommended creating a unified financial...

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Moneylife Digital Team 28 March 2013
The board, on 15 March 2011, unanimously shortlisted five candidates for the post of DG of DD and AIR. However, within eight days, the board members were ‘asked’ by the I&B ministry to convey their order of 'preferences' While the Union government always keep saying that Prasar Bharati,...

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