ECONOMY & NATION


Moneylife Digital Team 10 August 2017
The Indian rupee has been appreciating since February due to a deluge of portfolio capital inflows. Since February 2017, the domestic currency has appreciated 5.5% against the US dollar and 3.7% against the Chinese Renminbi. Especially, the rupee appreciation against Renminbi has resulted in...

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IANS 10 August 2017
A hammer and compass in hand, India's women geologists are literally rocking it. Notwithstanding the dangers of remote environments, encounters with wild animals, limited access to toilets and the occasional "detention" by left-wing extremists in disturbed areas, these women of the Geological...

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IANS 09 August 2017
The wings of two aircraft collided at the IGI airport here early Wednesday morning but there were no casualties. More than 190 passengers and crew were reported to be safe.   According to airport sources, the incident took place around 2.30 a.m. when the wing of an Ethiopian Airlines'...

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Moneylife Digital Team 09 August 2017
Former Information Technology Minister Kapil Sibal created a furore in parliament on Tuesday by holding up currency notes with discrepancies in their size and print quality. He demanded an explanation, while his colleague in the Rajya Sabha, Gulam Nabi Azad, described it as  “the biggest scam...

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IANS 09 August 2017
Global information services company Experian on Monday announced the appointment of Vaishali Kasture as Managing Director and Country Manager for Experian India with immediate effect.   In her current role, Kasture will be responsible for all management and operations in India and...

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IANS 09 August 2017
Out of 445 rivers monitored by the Centre, 275 have polluted stretches with Maharashtra topping the chart with the maximum number, Union Environment Minister Harsh Vardhan said on Tuesday.   It said that the Central Pollution Control Board (CPCB) made an assessment in 2015 and...

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IANS 09 August 2017
While India as a digital economy has performed well in terms of building software applications and services, it lags in terms of infrastructure, the telecom regulator said here on Tuesday.   Stating the three parts of the vision area of "Digital India" as infrastructure, software and...

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IANS 09 August 2017
In a jolt to BJP, Congress candidate Ahmed Patel on Wednesday scraped through to notch a victory in a bitterly-contested Rajya Sabha election against all out efforts of the BJP to check his attempt to seek a fifth term.   Patel, 68, the powerful political secretary to Congress...

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IANS 09 August 2017
Mumbai was engulfed by a 'Maratha storm' as lakhs of the politically powerful community prepared for their first, biggest and final mammoth 'mook morcha' (silent procession) to demand reservations in jobs and education, here on Wednesday.   Started since August 9, 2016, with...

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IANS 09 August 2017
The Reserve Bank of India (RBI) has asked commercial banks to periodically conduct vulnerability test to test their cyber security preparedness, the government informed Parliament on Tuesday.   "The RBI had issued advisories to banks in relation to ransomware attacks, regarding...

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IANS 08 August 2017
Consequent to the approval given by the Competition Commission of India (CCI) for Vodafone-Idea merger, Idea Cellular has filed an application before the National Company Law Tribunal (NCLT) for its approval, a company statement said here on Tuesday.   According to the statement, the...

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IANS 08 August 2017
The Maharashtra government, police, BMC and other agencies are all set for a mammoth Maratha 'mook' (silent) procession that will be taken out on Wednesday, officials said.   While the authorities anticipate participation of between 500,000-800,000 Marathas from across the state, the...

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IANS 08 August 2017
Close on the heels of SBI cutting the interest rates on savings accounts, private lender Axis Bank also announced a 50 basis points (bps) reduction in the rates of savings accounts having deposits below Rs 50 lakh, effective Tuesday.   "The bank has revised the interest rate downward...

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Moneylife Digital Team 08 August 2017
As per a release from the Central Board of Direct Taxes (CBDT), due to "demonetisation and Operation Clean Money", the number of income tax returns filed increased 25% to 2.83 crore, as on 5 August 2017, from 2.27 crore in the previous year.   Is this claim true? In a written reply in...

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IANS 08 August 2017
The Supreme Court on Tuesday said yoga cannot be imposed on anyone.   A bench headed by Justice Madan B. Lokur said it can't decide what is to be taught in schools and that the government can take a decision on the issue.   The court dismissed pleas seeking direction to make...

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Amit Kapoor (IANS) 08 August 2017
The data released by the Bloomberg Billionaire Index reveals some shocking statistics about the rise of inequality in India. It showed that the top 20 industrialists in India added a staggering $50 billion to their combined wealth in the first seven months this year, taking their total...

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Moneylife Digital Team 07 August 2017
The United Forum of Bank Unions (UFBU), the umbrella organisation of five employee unions and four officer unions of state-run banks in the country, has given notice of their decision to go on nationwide strike on 22 August 2017 to protest reforms in the banking sector and other...

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IANS 07 August 2017
The Bombay High Court on Monday declined to restrict the height of Dahi Handis during the upcoming Janmashtami festival and pointed out that nobody can stop accidents, which can happen even in toilets.   However, a division bench of Justice B.R. Gavai and Justice M.S. Karnik accepted...

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IANS 07 August 2017
After holding millions of commuters to ransom on Raksha Bandhan Day, around 37,000 employees of the Bombay Electric Supply and Transport (BEST) called off their 16-hour-long bus strike here on Monday.   The withdrawal came after the intervention of Shiv Sena President Uddhav...

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Moneylife Digital Team 07 August 2017
Following demonetisation and political interference in the rural credit scenario, microfinance institutions (MFIs), including non-banking finance companies (NBFCs) and small finance banks (SFBs), stare at significant credit costs and capital erosion in FY2018, says a research...

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