ECONOMY & NATION


Abhirup Ghosh 08 February 2018
The Reserve Bank of India (RBI), on 7 February 2018, has come out with a notification to grant relaxation to banks and Non-Banking Financial Companies (NBFCs) with respect to asset classification in case of Micro, Small and Medium Enterprises (MSME) accounts. The notification has been...

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IANS 08 February 2018
Members from the treasury benches on Thursday disrupted the Rajya Sabha and forced an adjournment by shouting slogans and coming into the aisle as Congress MP P. Chidambaram stood up to speak on the Budget in the post-lunch sitting.   The opposition accused the government of running...

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IANS 08 February 2018
The Supreme Court on Thursday said it will deal with the Ram Mandir-Babri Masjid case as a pure land dispute and refused to hear it on day-to-day basis.   A bench of Chief Justice Dipak Misra, Justice Ashok Bhushan and Justice S. Abdul Nazeer refused appellants' plea for day to day...

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Moneylife Digital Team 07 February 2018
The Reserve Bank will link the base rate for loans given by banks to the MCLR starting April 1, 2018. The Marginal Cost of Funds based Lending Rates (MCLR) system was introduced on April 1, 2016 to tackle the problems of the Base Rate regime. With the introduction of the MCLR system, it was...

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IANS 07 February 2018
Automobile manufacturer Eicher Motors on Wednesday reported a 24.46 per cent rise in its consolidated net profit to Rs 520.50 crore during the third quarter (Q3) of 2017-18.   The company's net profit in Q3 of 2016-17 stood at Rs 418.19 crore, it said.   During the period...

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IANS 07 February 2018
The Reserve Bank of India (RBI) kept its key interest rate unchanged at 6 per cent for the fourth time in succession at its final bi-monthly monetary policy review of the fiscal, citing concerns about the inflationary push by rising global crude oil prices.   Announcing the policy...

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IANS 07 February 2018
The Supreme Court on Wednesday cancelled 88 mining leases in Goa that were renewed by the state government in 2015 just before the Mines and Minerals (Regulation and Development) Act mandated the auction of mining leases.   Cancelling the leases that were renewed for 20 years from...

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IANS 06 February 2018
The Jharkhand government is likely to hike the electricity tariff upto five times if the regulatory authority's recommendation is accepted, a move being vehemently protested by Opposition parties   Jharkhand State Regulatory Authority chairperson Arvind Prasad said "The state...

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Moneylife Digital Team 06 February 2018
The Indian government's budget has pushed back fiscal consolidation, leaving much of the task of addressing the country's relatively weak public finances to the next administration, says a research note.   In the report, Fitch Ratings says, the target revisions in the budget are...

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IANS 06 February 2018
An oil tanker with 22 Indians on board that went missing off Benin coast in the Gulf of Guinea near West Africa on Saturday that was believed to have been hijacked by pirates has been released, External Affairs Minister Sushma Swaraj said on Tuesday.   "I am happy to inform that...

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IANS 06 February 2018
Gold in India gained more shine in calendar year 2017 with demand growing by 9.1 per cent to 726.9 tonnes, said the World Gold Council, a body of gold miners.   According to the Council's latest gold demand trends report, the gold demand projection for 2018 in India is 700-800...

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Moneylife Digital Team 05 February 2018
The CBI on Monday booked billionaire diamond jeweller Nirav Modi, his wife, brother and his maternal uncle Mehul Choksi in connection with a Rs280 crore cheating case after it received a complaint from the Punjab National Bank (PNB) on January 29. The FIR registered by the CBI said a few...

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Moneylife Digital Team 05 February 2018
Hundreds of investors and depositors have decided to approach the Supreme Court against DSK Group, its chief Deepak Sakharam (DS) Kulkarni, and his wife Hemanti for cheating and not refunding their money invested in the Group’s fixed deposit (FD) schemes. These investors and depositors...

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IANS 05 February 2018
Healthy demand conditions pushed Indian services sector's output higher during January 2018, key macro-economic data showed on Monday.   Accordingly, the seasonally adjusted Nikkei India Services PMI Business Activity Index registered an overall increase from 51.7 in January to 50.9...

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Moneylife Digital Team 05 February 2018
A proposed retrospective amendment in Foreign Contribution Regulation Act (FCRA) will condone illegalities committed by political parties in raising foreign donations. This is ill-advised, and detrimental to the national interest and unethical, says EAS Sarma, former secretary to the...

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Srikanth Adiga 05 February 2018
Since the National Democratic Alliance (NDA) came to power, the term “Ease of Doing Business” is one of the most talked about phrase by ministers and the Prime Minister, and rightly so. It was high time the politicians started talking about it. It seems that the government did act on this...

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S Manjesh Roy 05 February 2018
The proposed Financial Resolution and Deposit Insurance (FRDI) Bill, and more specifically its ‘bail-in’ clause, has generated widespread consternation in the public, notwithstanding the official assurances. Briefly, this bill emanates from the recommendations of the Financial Sector...

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IANS 05 February 2018
The Australian government on Sunday ruled out financing for the railway project to link the Adani Group's proposed $12 billion Carmichael coal mine project in Australia to a port.   In an interview to Sky News, Assistant Minister for Vocational Education Karen Andrews said the federal...

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Moneylife Digital Team 03 February 2018
Thousands of commuters in Mumbai faced delays and detours on Friday night after a fire broke out in one of the coaches of a suburban train on Central line at Dadar station. A spokesperson for the Central Railway was quoted in reports saying that this was possibly a case of brake binding - a...

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IANS 03 February 2018
The Shri Rajput Karni Sena on Friday announced it has decided to take back its protest against the release of Sanjay Leela Bhansali's "Padmaavat", stating the movie glorifies the valour of the Rajputs.   Shri Rashtriya Rajput Karni Sena's Mumbai leader Yogendra Singh Katar said that...

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