DAILY NEWS: OUR PICKS


AK Ramdas AK Ramdas 24 December 2012
If  we are really serious about generating adequate power and distributing it, the coal industry should be given the responsibility of appointing private contractors to lay the railway tracks, so as to establish the required connection from pithead to the main connecting line, from where it...

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Moneylife Digital Team 24 December 2012
Delhi protests: Some defining moments at Raisina Hill and India Gate, when tear gas shells and water failed to deter the protesters who refused to vacate the area that houses the North and South Blocks including the Prime Minister's office and turned the area into a virtual battleground

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Raj Pradhan Raj Pradhan 22 December 2012
Jeevandayee scheme offered by the Maharashtra government is a good health insurance option for families earning less than Rs1 lakh per year. The premium is paid by the state government for insurance cover up to Rs1.5 lakh. Find out the details of the scheme The Maharashtra government has...

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Moneylife Digital Team 22 December 2012
Rant about the nonsense we are fed daily Many Indians are no strangers to scams, politics sleaze, mudslinging, crony capitalism and much worse. But if you read Ranjeev C Dubey, unknown to us, we are fed with a daily dose of bullshit by every kind of institution—the justice system, the...

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Moneylife Digital Team 21 December 2012
SEBI has had a poor track record in resolving and responding to complaints. It also does not have data pertaining to PoA abuses. The government has asked the market regulator to resolve complaints faster Rajeev Chandrashekar, Member of Parliament, who had taken cognizance of one...

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Vinod Kothari Vinod Kothari  and   Nidhi Ladha 21 December 2012
The new Companies Act will ensure that innocent investors will not be cheated the way they were by. However, the provisions are severe and small companies will face unnecessary problems in raising funds through group companies or other family members and relatives Companies raise funds...

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Andrew Abraham 21 December 2012
Here is the world’s greatest investor and you see firsthand how hard it really is. I doubt very many of you would have waited eight years to get back to break even. I doubt many of you would have the mental fortitude to withstand a 50% drawdown. Buffett was not alone There are countless...

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VK Somasekhar 21 December 2012
No scheme or subsidy can be free and open-ended. The facts hidden are that there would be some fees levied for each transaction that would be a burden on the citizens without option of retracing as it is already introduced. This is the fifth part of a nine-part series on the unique...

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Moneylife Digital Team 21 December 2012
Troubled and cash strapped High Mark has been offered Rs30 per share by Italian credit information agency CRIF, an existing shareholder. CRIF is headed in India by old hand Larry Howell. In his previous inning, Howell successfully brought together TransUnion, which he was heading at that...

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Nidhi Bothra 21 December 2012
While the Union Budget 2012-13 granted external commercial borrowings (ECB) for low-cost affordable housing projects, the Reserve Bank of India (RBI) has taken a good 10 months to come out with the notification   The RBI, vide its notification  dated 17 December 2012, has allowed ECB...

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AK Ramdas AK Ramdas 21 December 2012
Estimates of India’s large proven coal reserves are not disputed. But, due to the slow movement of mined coal, power generators, which feed the hungry industry and masses, end up importing coal at a much higher price   In a candid admission of facts, finance minister, P Chidambaram,...

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V Raghunathan V Raghunathan 21 December 2012
The harrowing story of an elderly woman highlights how easy it is for a genuine owner to be looted and that too by the State! This could be the story of any one (of the millions of people) in this country—a country where we believe the rule of law applies and citizens enjoy certain...

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Raj Pradhan Raj Pradhan 21 December 2012
PFC bonds, offering 7.86% tax-free, have managed to get only Rs497 crore till one day before the issue closes. This is much below the Rs1,000 crore issue size and no where close to Rs4,590 crore that it wants to mop up by the end of the financial year. Find out what is going wrong Power...

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Moneylife Digital Team 20 December 2012
High Mark which desperately needs an injection of money to remain viable, had given four independent directors, including Vepa Kamesam, former deputy governor of RBI, and chairman Prof Anil Pandya 70% of ESOPs. The top management team which set up High Mark got just 30%. This team quit,...

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Bhamy V Shenoy 20 December 2012
The whole episode of LPG quota is another drama enacted to show how the Congress is taking care of the common man. Unfortunately while our politicians are indulging in dirty politics, our navaratna oil companies will soon be facing bankruptcy like our state electricity boards Ever since...

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Mathew Thomas 20 December 2012
Every year foodgrain worth thousands of crores rot due to lack of storage facility because the Indian government says there is no money. Where should the priority be—in spending whatever the little money available to build storage or embark on a fancy UID scheme? This is the fourth part of a...

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Moneylife Digital Team 20 December 2012
Inquiries into various matters are conducted with public money and the public has a right to know their findings. Keeping them under wraps for months and years serves no purpose except allowing wrongdoers to be protected. This is the 14th in a series of important judgements given by Shailesh...

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Moneylife Digital Team 20 December 2012
There is no short-term direction so far but the medium-term downtrend is intact   The local market settled marginally lower, snapping the two-day winning streak, on weak global cues and a sell-off in consumer durables, auto and capital goods stocks. The market indices are struggling to...

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Akshay Iyer 20 December 2012
Is the pharmaceutical industry trying to create an opportunity for making money by hard-selling new vaccines to parents by creating a false scare about the disease? In July 2012, leading pharmaceutical major GlaxoSmithKline started issuing advertisements saying that nearly five lakh...

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Gurpur Gurpur 20 December 2012
The measures contained in the Banking Amendment bill are expected to create more confidence among investors, depositors and the public in the banking system. But a lot more requires to be done in the area of improving corporate governance, better customer service, and more importantly freeing...

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