ECONOMY & NATION


Moneylife Digital Team 03 April 2012
ISMA says has urged the government to allow a fourth tranche of 1.5 MT sugar export before sugar production from Brazil, the largest producer of sugar, is made available in the international market The total sugar production in the country, as on 31st March stands at around 23.3 million...

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Moneylife Digital Team 03 April 2012
In a case relating to recovery of four secret government documents from RIL’s office, the trial court has finally framed charges against V Balasubramanian, AN Sethuraman and Shankar Adawal after the high court and Supreme Court rejected petitions filed by the accused A trial court in New...

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Moneylife Digital Team 02 April 2012
Jewellers across the country have suffered a business loss of around Rs14,000 crore while the revenue loss for the government comes to about Rs690 crore, due to the ongoing strike against the excise duty hike in Budget 2012-13 The ongoing indefinite nationwide strike by jewellers,...

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William Gamble William Gamble 02 April 2012
To fend off recessions, depressions, deflation and downturns, central bankers around the world have been providing “monetary morphine” in all shapes and forms. This will have unintended consequences Recessions, depressions, deflation and downturns are reckoned to be bad things by...

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Moneylife Digital Team 02 April 2012
The paradox of the situation is that despite sitting on such massive money resources, Mumbai is unable to generate funds to finance its most essential requirements According to a report by Jones Lang LaSalle, Mumbai’s realty and infrastructure situation now needs a serious boost. The...

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Veeresh Malik Veeresh Malik 31 March 2012
The petrol tax cut in Goa, far from being a populist measure, is a brilliant move to plug revenue leakage caused by smuggling petrol into Goa and by adulteration of petrol with kerosene; and the first step to improving transport services. Let us assume that somebody in your apartment...

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R Vijayaraghavan R Vijayaraghavan 30 March 2012
The US government has always been a mouth-piece of American big business. That is why the protest of US commerce secretary John Bryson against India giving a compulsory licence to Natco Pharmaceuticals to produce a generic version of a patented anti-cancer drug leaves a bad taste in the mouth

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While Kingfisher has maintained that it will continue for a long time, burn those miles, if you can Quite a few of us may have taken to Kingfisher Airlines as our airline of choice in the past few years. It was good while it lasted; it is disheartening to see the airline go down and its...

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Moneylife Digital Team 29 March 2012
Bharti Airtel has launched mobile wallet service ‘airtel money’ in Maharashtra and Goa. Customers could choose from two airtel money accounts: express and power accounts. In express accounts, one can load cash and spend up to Rs10,000 daily, while the power account has a limit of Rs5,000 per...

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Moneylife Digital Team 29 March 2012
Nokia has decided to shut down its mobile money services globally. The decision is in line with its earlier decision to move out from non-core business. However, the service will continue for three-four months until an exit strategy is formulated and customers have time to use up the money....

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Moneylife Digital Team 29 March 2012
Mahanagar Telephone Nigam Ltd (MTNL) has launched a pre-paid mobile recharge service through bank ATMs for its 2G/3G GSM (global system for mobile communications) customers in Mumbai. MTNL Mumbai’s prepaid recharge through ATMs facility is available through Barclays Bank, Citibank (kiosk),...

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Moneylife Digital Team 28 March 2012
Srei Infrastructure Finance got an order from the Calcutta High Court to restrict Fitch from publishing its current ratings in their year-long dispute Fitch Ratings said it cannot publish or update its ratings on Kolkata-based Srei Infrastructure Finance (Srei InfraFin) due to an order from...

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Moneylife Digital team 26 March 2012
Social activists including Aruna Roy, Nikhil Dey, Prashant Bhusan, Jayati Ghosh, and others have urged the UPA government to change the management and liquidate personal assets of Kingfisher Airlines chairman to save the carrier Eminent social activists have once again hit out at Kingfisher...

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Yogesh Sapkale Yogesh Sapkale 23 March 2012
State-run telecom giant BSNL was unable to report a single new subscriber in February. Unless, those in power stop its deterioration, the once undisputed king of telecom sector will be sold out or die unnatural death sooner than later I still remember the days when one had to wait years to...

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Moneylife Digital Team 23 March 2012
While onion prices could rise from June, experts highlight the urgent need for government intervention to safeguard the interest of the farmers Thanks to record production, onion growing farmers in Maharashtra are reeling under losses due to crashing prices in the wholesale markets....

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Moneylife Digital Team 22 March 2012
The CAG report on coal were observations which are under discussion at a very preliminary stage, do not even constitute ‘pre-final draft’ and hence are exceedingly misleading, the CAG said in a letter to the PM Amid uproar in Parliament over the reports of the alleged coal scam of Rs10.7...

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Moneylife Digital Team 22 March 2012
The path to digitisation has plenty of roadblocks which is affecting the revenues and profits of companies in the broadcast media The television media is looking forward to digitisation, which is said to be beneficial for—both channels and broadcasters. It is expected to increased...

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Moneylife Digital Team 22 March 2012
Fare hike in sleeper, suburban, AC chair car and AC 3-tier to be rolled back, railway minister Mukul Roy said Railway minister Mukul Roy on Thursday announced a roll-back of passenger fares, which were part of the Rail Budget 2012 presented by his predecessor Dinesh Trivedi last week.

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Moneylife Digital Team 21 March 2012
 Despite alliances, joint ventures and other alliances, matters haven’t improved for India’s media companies. These ‘glamour stocks’ have failed to live up to their investors’ expectations. It remains to be seen how digitisation will affect the industry The FICCI KPMG 2012 report says...

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Clearly, spanking new planes are not just the only thing Air India needs, but a professional and experienced airline management team is needed, as well. It needs a strategy rather than random decision making, otherwise, Air India will keep fishing for one-off travellers due to its low fares,...

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