ECONOMY & NATION


IANS 28 September 2017
A Goa court on Thursday formally framed charges, including of rape, against former Tehelka Editor-in-Chief Tarun Tejpal for the alleged sexual assault on his then junior colleague in 2013.   Tejpal has been charged under Sections 376 (2) (rape), 354 'A' and 'B' (criminal force with...

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Moneylife Digital Team 28 September 2017
The speed and progress of rural electrification work going on under the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) seems to be losing its steam. As per the latest performance report from DDUGJY , during FY2017-18, it has achieved 26% of its target or electrified 1,156 villages as against...

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IANS 28 September 2017
With complaints from passengers over the high prices of railway tickets due to the flexi-fare ticketing system, Railway Minister Piyush Goyal on Thursday said the railways will review it and the prices would be slashed.   Addressing a press conference here at Rail Bhawan, Goyal said:...

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IANS 27 September 2017
Coming down heavily on the government for taking the economy into a "wrong direction", an RSS-affiliated labour organisation on Wednesday urged Prime Minister Narendra Modi to "retract from the present reform process" and stop laying "excess thrust" on jobless growth that has resulted in...

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Moneylife Digital Team 27 September 2017
The Maharashtra government in a trade circular has asked all those who have received the 15-digit Goods and Services Taxpayer Identification Number (GSTIN) to display the number on the board and certificate of registration at a prominent location at the business premises. Failing to which,...

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“The economy is in a tailspin and we are heading for a depression,” said Dr Subramaniam Swamy, the Bharatiya Janata Party’s (BJP’s) maverick leader and member of Parliament (MP), in an interview last week. He said that India’s real economic growth is lower than what the government claims and,...

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IANS 27 September 2017
In a move that will surely delight US President Donald Trump and frustrate many, Twitter has begun testing 280-character tweets -- doubling the previous 140-character limit - to help users become more expressive.   Currently, the 280-character tweet facility is available to a small...

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Amit Kapoor (IANS) 26 September 2017
It is almost a certainty that the Indian economy will receive a fiscal stimulus soon on account of the government's desperate attempt to reverse the country's dipping growth rates.   Throughout history, the Keynesian solution of taking the fiscal route to stimulate the economy when...

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IANS 26 September 2017
India hit out at Pakistan on Monday saying it has callously exploited the picture of an injured Palestinian girl to spread falsehoods about India and divert attention from Islamabad's role as the hub of world terrorism.   Paulomi Tripathi, a First Secretary in India's UN Mission, held...

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IANS 25 September 2017
The Prime Minister has constituted the Economic Advisory Council to the Prime Minister (EAC-PM) to be chaired by NITI Aayog's member Bibek Debroy for analysing economic issues and advising on them, an official statement said here on Monday.   Other part-time members of the council are...

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Moneylife Digital Team 25 September 2017
Following pressure from several quarters, State Bank of India (SBI) has reviewed its monthly average balance (MAB) requirement and charges for non-maintenance of MAB. The state-run lender has also decided to exempt from MAB requirement, pensioners, beneficiaries of social benefits from the...

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For an Annual General Meeting scheduled to start at 11 in the morning, the lines start forming at about 10 in the morning, with people carrying wads of paper signifying attendance in person or proxy. Many of them have already got their take-away bags, with some displaying the brand names of...

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IANS 25 September 2017
Financial services provider Tata Capital on Monday announced that it has signed a definitive agreement to divest its foreign exchange and travel services to Thomas Cook (India).   The company said it signed the agreement to divest 100 per cent of its shareholding in its wholly owned...

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Ameet Patel 25 September 2017
The last few months have been extremely stressful for tax practitioners in India. The main reason for this is that the Finance Ministry has brought about several changes either in the law or in the administration of the law. This has added a huge burden on tax professionals in terms of...

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IANS 25 September 2017
The Income Tax Department raids on Cafe Coffee Day (CCD) retail chain since Thursday found Rs 650 crore concealed income from the documents seized, said an official on Sunday.   "Documents seized from the search operations at 25 places of Cafe Coffee Day and its group companies in...

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Debashis Basu  and   Shashank Manilawala 25 September 2017
Multinational companies, especially those selling consumer products, have turned out to be stock market darlings: Great products, processes and almost no debt, have allowed them to generate massive returns on capital employed and create tremendous wealth for their shareholders. Hence, when...

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IANS 22 September 2017
The Supreme Court on Friday said that states were obliged to compensate the victims of cow vigilante groups and asked all of them to file a report on the compliance of its order by appointing a nodal officer to prevent violence by the such vigilante groups.   "Victims are to be...

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Moneylife Digital Team 22 September 2017
Tax practitioners were livid today — should they spend time doing their work or on tax compliance, they ask, after yet another change that was sprung on them today.    Just when taxpayers and tax professionals have completed their annual exercise of filing tax returns, here comes a...

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IANS 22 September 2017
Exercising its right of reply in the general debate at the UN General Assembly Session here, India slammed Pakistan for its support to terrorism, labelling it as "Terroristan".   "In its short history, Pakistan has become a geography synonymous with terror," Eenam Gambhir,...

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IANS 21 September 2017
Tata Sons on Thursday got the shareholders approval to convert it into a private company from a public limited holding that will help it become more swift in decision making.   "All resolutions placed before the AGM (annual general meeting) were passed with requisite majority," a Tata...

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