DAILY NEWS: OUR PICKS


A new study shows that control trials are flawed. What helps is their faith in the treatment. This puts the onus of patient care on the physician   “It is only those who are in constant revolt that discover what is true, not the man who conforms, who follows some tradition. It is only...

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The current regulatory system permits NBFCs, banks, insurance companies & lakhs of unregulated entities to easily loot the public India is perhaps the only country that permits anyone to accept money from the public at large, on the basis of promises, mostly unwritten. In most countries,...

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When hybrid schemes with gold in their asset mix were launched, we had suggested you stay away. That suggestion has proved right, writes Jason Monteiro Over the past few years, gold has witnessed a steady rally and has outperformed equity and other asset classes. Not surprisingly, fund...

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Moneylife Digital Team 15 May 2013
Investors are paying the price for companies’ failure to follow listing norms and the companies are allowed to get away scot-free by the exchanges and regulators. A PIL is seeking probe by the CBI into this gross mischief It is estimated that as much as Rs1 lakh crore of savings have...

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Goa’s Advocate General Atmaram Nadkarni is being paid Rs8 lakh per month excluding other perks, the highest amount paid to an AG across the country. Even the Attorney General of India is paid Rs90,000 per month. Nadkarni’s fees were increased by the Parrikar government in Goa through an order...

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No Explanations for the 3-month Failure   The ministry of corporate affair’s (MCA’s) showpiece website, MCA21, which had broken down, has finally been fixed. Readers would recall that this information and e-filing website mysteriously went for a toss on 17 January 2013, the very day...

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Nitin Kasliwal of S Kumars gets targeted   The Kasliwal family is no stranger to controversy or to bad loans. But UCO Bank’s decision to put out an advertisement labelling Nitin Kasliwal as a defaulter is a welcome indicator that banks are willing to play hardball with leading...

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40% TDS by SBI & Other Issues   The Cobrapost’s sting operation has exposed how banks, across the spectrum, will work with alacrity to launder black money. On the other hand, the same banks exhibit extraordinary callousness when it comes to routine business with savers. Over the past...

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Moneylife Digital Team 14 May 2013
The PIO at GNCTD did not give information despite orders from the FAA. The CIC while issuing a show-cause notice to him directed the divisional commissioner to enquire into this serious fraud. This is the 91st in a series of important judgements given by former Central Information...

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Paul Kiel (ProPublica) 14 May 2013
Many people know the dangers of payday loans. But ‘instalment loans’ also have sky-high rates and work by getting borrowers — usually poor — to renew over and over. We take you inside one of the biggest instalment lenders, billion-dollar World Finance   One day late last year, Katrina...

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The press statement issued by the ministry of external affairs claims that passport issuance in Pune has increased by 64%, with a corresponding increase of 11% in the number of applications processed and police verification clearance up by 133%    A little over a month after...

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Moneylife Digital Team 14 May 2013
After a month of positive inflows in March 2013, equity mutual fund schemes witness another round of outflows in April    Sales of equity mutual fund schemes touched their lowest since November 2012 and despite lower redemptions, equity schemes witnessed a net outflow of Rs270 crore...

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Moneylife Digital Team 13 May 2013
High Mark Credit Information Services' promoter Prof Dr Pandya is negotiating with another credit bureau for an asset sale including about 250 million records collected from members. This is a gross violation of CIRC Act, alleges a former employee in a complaint to the...

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Moneylife Digital Team 13 May 2013
As mentioned, the previous day’s low has been breached, which may be an indicator of the beginning of the fall   Across-the-board selling in fast moving consumer goods, metal and capital goods sectors saw the market declining over 2% in trade today. As mentioned, the previous...

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Tracy Weber, Charles Ornstein  and   Jennifer LaFleur (ProPublica) 13 May 2013
Prescription data obtained by ProPublica show wide use of antipsychotics, narcotics and other drugs dangerous for older adults, but Medicare officials say it's not their job to look for unsafe prescribing or weed out doctors with troubled backgrounds   Ten years ago, a sharply...

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Moneylife Digital Team 13 May 2013
During April, India's gold imports rose 138% to about $7.5 billion as consumer demand for the yellow metal shot up significantly. This has mainly led to widening of the CAD, says Nomura   The Indian government’s move of hiking the import duty on gold to 6% to curb imports of the...

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Moneylife Digital Team 13 May 2013
The CIC directed additional commissioner of MCD to make a report on when the charge list at factory licensing department would be prepared and provided to the applicant. This is the 90th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that...

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Liquidity triumphs growth prospects   Last fortnight, while expressing doubts about whether anything has changed fundamentally and assuming that we will not have a runaway rally, I was looking for clues that could, indeed, support a case for a rally. I wrote at the end of the piece:...

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The court will only interfere when any policy is “unconstitutional, contrary to statutory provisions or arbitrary or irrational or there is total abuse of power,” the Supreme Court said   In a landmark judgement, a three-judge Supreme Court bench of justices RM Lodha, Mohan B Lokur...

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Housing is usually more stable because the motivations of the buyers are for long-term occupancy rather than exclusively for profit. But by rigging the market toward speculators, the Fed may have queered the pitch. Sadly, once the money has fuelled a boom, you can’t just take it...

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