ECONOMY & NATION


IANS 14 October 2017
The Supreme Court on Friday decided to revisit the directions issued by its two judge bench in July that had said that police would not arrest husband or his family members till the allegation of dowry harassment by the wife were verified.   The court said that these directions...

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IANS 14 October 2017
As the Supreme Court on Friday refused to modify its earlier order banning the sale of firecrackers in Delhi and the NCR, traders, who were hoping to of restart the business, were furious and also disappointed by the setback they have been facing in business.   All the fireworks shops...

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Moneylife Digital Team 13 October 2017
The Delhi High Court has issued a notice to the Union Government about two notification disqualifying private company directors. The notifications disqualify directors of private limited companies for non-filing of financial statements for three consecutive years, says a report from Bar and...

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IANS 13 October 2017
The Supreme Court on Friday referred to a Constitution Bench the question whether a ban on the entry of women in the age group 10-50 years in Kerala's Sabarimala temple was discriminatory and violative of the Right to Equality under Article 14.   A bench of Chief Justice Dipak Misra,...

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IANS 13 October 2017
Employees of the IDBI Bank will strike work for two consecutive days (October 24 and 25) demanding long pending wage revision, said All India Bank Employees' Association (AIBEA).   Wage revision for employees and officers of IDBI Bank is due for the period from 1-11-2012 to 31-10-2017...

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IANS 13 October 2017
Even as retail inflation in India stagnated in September with a marginal drop in the food prices, the Index of Industrial Production (IIP) for August showed that factory output grew 4.3 per cent against the same month last year on the back of robust mining and electricity sector growth,...

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In December 2015, I had written earlier that the project cost of Mumbai-Ahmedabad High Speed Rail (HSR) project, India’s first bullet train, may not even cover the cost of hedging the Yen loan. We now have some more clarity on the cost which is now expected to be Rs1.10 lakh crore. Since the...

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IANS 12 October 2017
Assembly polls in Congress-ruled Himachal Pradesh will be held on November 9, the Election Commission announced on Thursday, but gave no dates for BJP-governed Gujarat whose assembly term also ends in January.   The result for the election in Himachal Pradesh will be announced on...

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Moneylife Digital Team 12 October 2017
The Tata Group has decided to merge its telecom business with Bharti Airtel Ltd on a debt-free and cash-free basis. Tata Teleservices Ltd (TTSL) and Tata Teleservices Maharashtra Ltd (TTML) would merge their consumer mobile businesses (CMB) with Bharti Airtel. While the Tata group has settled...

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IANS 12 October 2017
The Supreme Court on Thursday said that a permanent committee headed by the Chief Justice of India will henceforth decide on the designation of lawyers as senior advocates.   A top court bench headed by Justice Ranjan Gogoi in its judgment said that besides the Chief Justice, the...

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IANS 12 October 2017
Dentist couple Rajesh and Nupur Talwar were on Thursday acquitted in the double murder of their daughter Aarushi and domestic help Hemraj in 2008 by the Allahabad High Court which gave them the benefit of doubt, but left questions unanswered about who killed them.   The couple had...

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IANS 12 October 2017
Traders with temporary licenses on Wednesday moved the Supreme Court seeking relaxation of the ban on the sale of firecrackers in the national capital and the NCR.   Lawyers for the petitioners told the apex court that after the lifting of the November 2016 ban on September 12 this...

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Moneylife Digital Team 11 October 2017
Even as banks are struggling to cope with three “reforms” --  demonetisation, good and service tax (GST), and Real Estate (Regulation and Development) Act, 2016 (RERA), the potential impact of two upcoming reforms, BASEL III and International Financial Reporting Standards (IFRS) would be...

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IANS 11 October 2017
With the economy slowing down and joblessness becoming a major issue, the newly-constituted Economic Advisory Council to Prime Minister Narendra Modi on Wednesday identified 10 major priority areas including accelerating economic growth and employment over the next six months.   The...

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IANS 11 October 2017
The Indian Income Tax Department's collections in the first six months of the current fiscal at Rs 3.86 lakh crore grew 15.8 per cent over the same period last year, an official statement said on Wednesday.   A Central Board of Direct Taxes (CBDT) statement here said the collections...

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IANS 11 October 2017
Leading cab aggregator Ola on Wednesday said it raised $1.1 billion (Rs.7,150 crore) in latest funding round from venture firms led by Tencent Holdings Ltd, a leading Chinese internet firm.   "Our investors like SoftBank and other US-based financial investors have participated in this...

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Amit Kapoor (IANS) 11 October 2017
Since the latest growth numbers have come in showing a consistent deceleration in Indias real gross domestic product (GDP) over six consecutive quarters, a cacophony of concerned voices have been heard. The din of criticism both from within and outside the government has grown so loud that...

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Another negative fallout of demonetisation is the proliferation of soiled and tattered notes in smaller denominations such as Rs10, 20 and Rs50. This is a menace in certain areas but since the problem is largely in non-metros and does not affect the ATM-using crowed, it has remained largely...

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IANS 11 October 2017
The Supreme Court on Tuesday expressed shock over non-release of a large number of undertrial prisoners languishing in Indian prisons in complete violation of fundamental right to protection of life and personal liberty and asked several states to explain.   A division bench of...

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IANS 11 October 2017
The Supreme Court on Tuesday said that it would lay down guidelines over calculation of compensation considering future prospects of people killed in road accidents.   A Constitution bench of five-judge headed by Chief Justice Dipak Misra reserved verdict on the bunch of 27 petitions,...

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