DAILY NEWS: OUR PICKS


Jason Monteiro Jason Monteiro 14 August 2013
Fund houses have covered nearly every sector and every theme. Strangely, funds covering the top-performing sectors are few. Jason Monteiro shows how funds have missed the best of themes and followed the fashion-of-the-day A mutual fund scheme has been launched for almost every sector,...

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Moneylife Digital Team 14 August 2013
Brokers who have an inglorious record of dealing with stock investors are demanding money from, and action against, NSEL. However, it is not only the Exchange that is to blame, but brokers who have mis-sold the NSEL product to investors. They too are liable for legal acton by their clients

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Moneylife Digital Team 14 August 2013
Despite the order from the FAA, the PIO refused to give information. He even tried to mislead the CIC by making false statements. The CIC while issuing a show cause to the PIO, awarded a compensation of Rs2,000 to the appellant. This is 155th in a series of important judgements given by...

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Vinita Deshmukh Vinita Deshmukh 14 August 2013
Central Railways has asked an RTI applicant to shell out a whopping Rs81,000 for copies of reservation chart of two trains for a particular day; all by twisting its own official circulars and disregarding the RTI Act Ravindra Wabale, a resident of Ahmednagar, is not so much an activist...

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AK Ramdas AK Ramdas 14 August 2013
This year the monsoon left many areas in floods, loss in standing crop, rotting grains and slow movement as a sequel. Nevertheless, will we learn some lessons from this? Three weeks ago, we had the Ministry of Agriculture projecting the possibility of lower food grains output due to...

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Moneylife Digital Team 14 August 2013
Sensex has declined 8% from its high of 23rd July as rupee depreciated fast due to structural problems. BNP Paribas in its India strategy report explains the factors to consider while investing now After the recent sharp decline in Sensex, investors should look at high quality cyclical...

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Moneylife Digital Team 14 August 2013
According the HC, the practice of exhibiting photo of a person and shaming him in public for the sin of being not paying back a loan cannot be encouraged in civilised societies The Kerala High Court on Tuesday held State Bank of India (SBI)'s decision to publish photos of load defaulters...

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Abrahm Lustgarten (ProPublica) 14 August 2013
Income from oil and gas production doesn't always trickle down to landowners, as companies find ways to minimize the share they pay in royalties Don Feusner ran dairy cattle on his 370-acre slice of northern Pennsylvania until he could no longer turn a profit by farming. Then, at age 60,...

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Moneylife Digital Team 13 August 2013
China and Russia are among large emerging countries that look cheap on valuation, good ROE, and uncrowded fund flow says Morgan Stanley    Morgan Stanley Research said it prefers China and Russia among large emerging markets (EM) on the back of their cheap valuation, good return on...

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Moneylife Digital Team 13 August 2013
MCX and FT have financial obligation claim the brokers and threaten to move court if Forward Markets Commission does not guarantee payment   Following the payment crisis in the National Spot Exchange Ltd (NSEL), brokers of the exchange have united and demanded the government should...

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Moneylife Digital Team 13 August 2013
If you want to ask questions from ministers and raise issues of public interest in the parliament, Rajeev Chandrasekhar gives you an opportunity through his ASK initiative, where you send him your question through email, and he takes it up in parliament on your behalf Aam admi asking...

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Moneylife Digital Team 13 August 2013
The CIC recommended to the Police Commissioner of Patna to take cognizance and ensure that no harm comes to the complainant who was receiving threatening phone calls for filing RTI application. This is 154th in a series of important judgements given by former Central Information Commissioner...

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AK Ramdas AK Ramdas 13 August 2013
Our government overcomes difficult situations by appointing various committees and tides over the public's angry reactions, thus delaying issues. The situation on gas pricing is no better. We look at what is happening…   There are too many things happening in the gas front.  If the...

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Cora Currier (ProPublica) 13 August 2013
ProPublica requested information on how the US handles condolence payments for civilian drone strike deaths in Yemen. But the military won't reveal a thing. There have been nine drone strikes reported in Yemen in the past two weeks – an uptick apparently connected to the Al Qaeda threat...

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Gurpur Gurpur 13 August 2013
Time is ripe now for the regulator to protect the bank depositors, customers, the public and the state from the archaic rules and regulations that have outlived their utility There was wide publicity recently in the media about the penalty levied by Reserve Bank of India (RBI) on 25...

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Moneylife Digital Team 12 August 2013
Mutual funds have significant voting power in key decisions of listed companies, but they have so far mostly acted as yes-men or acted unconcerned when proposals are put to vote Bengaluru-based InGovern Research Services said Indian mutual funds are still largely passive and/or...

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Moneylife Digital Team 12 August 2013
A Harvard Business School study shows that LIC agents have an incentive to recommend more expensive and less suitable products to consumers. This especially hurts “low and medium income households (which) tend to trust the government insurance companies more than private sector firms” Do...

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Moneylife Digital Team 12 August 2013
Two of these three banks are from Switzerland and one is from the UK. SEBI suspects that some portfolio managers at these banks could have helped their Indian clients to route their money back into India in disguise of foreign funds Market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 12 August 2013
While vehicle sales across the segments are down, scooter and vans reported higher numbers due to robust demand during July Auto sales continued to decline during July as well, with number of vehicles sold during the month declining 2.08% to 14.15 lakh units, says data released by the...

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Moneylife Digital Team 12 August 2013
While IRDA want banks to become insurance brokers, the banking regulator feels it would lead to conflict of interest. Even the Department of Financial Services (DFS) had questioned the rationale of insurers tying up with banks on a geographical basis Insurance Regulatory and Development...

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