ECONOMY & NATION


IANS/Moneylife Digital Team 18 October 2016
Apart from the unanimity among them in cutting short-term interest rates by 25 basis points, all members of the Monetary Policy Committee also felt inflation would soften thanks to good monsoon rains, along with signs of an economic revival.   The minutes of their meeting of 3rd and 4...

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Sahana Ghosh (IANS) 18 October 2016
Of the 177 hydropower projects (HPP) located close to Himalayan glaciers over a fifth -- including many in India -- could be under threat from floods caused by the outbursts of glacial lakes, European researchers have warned.   The researchers, from various universities, have charted...

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Amit Kapoor (IANS) 18 October 2016
Goals 1 and 2 of the UNs Sustainable Development Goals (SDGs) envision eradicating poverty and ending hunger in an extreme form in the world by 2030. Much will depend on how developing countries fare on the twin goals over the coming decade-and-a-half. This is because a bulk of the poor and...

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IANS 18 October 2016
Global credit rating agency Moody's Investors Service on Tuesday said the draft bill on the resolution of financial firms in India is a credit positive for banks in the country as it enhances overall systemic stability.   In a statement Moody's said it is an important step to having a...

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IANS 18 October 2016
At least two persons were killed on Tuesday in a fire that broke out in an industrialist's apartment in a residential high-rise in Mumbai's Cuffe Parade area, officials said.   The 20th floor apartment belonged to Bajaj Electricals Chairman and Managing Director Shekhar...

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IANS 18 October 2016
For the first time in its history, the Supreme Court on Monday issued notice to its former judge, Justice Markandey Katju, for claiming that the top court "grievously erred" in setting aside the death sentence of a Kerala man accused of rape and murder of a 23-year-old woman in...

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IANS 18 October 2016
 At least 22 persons were killed and several injured after a major fire broke out in the Institute of Medical Sciences and SUM Hospital in Bhubaneswar on Monday evening.   While the government-run Capital Hospital's officials confirmed receiving 14 bodies, eight bodies were received...

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Moneylife Digital Team 17 October 2016
The Ruia brothers are selling 98% of their stake in Essar Oil and 100% stake in Vadinar port to Russia’s Rosneft Oil Company and a consortium of traders led by Trafigura and United Capital Partners in an all cash deal. While the company management declined to provide details of cash flow or...

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Robert Faturechi  and   Lauren Kirchner (ProPublica) 17 October 2016
To understand how Donald Trump's comments and alleged mistreatment of women are stoking the anxiety of other Republicans, look no further than the private appeal sent Wednesday to a billionaire from a super PAC backing Pennsylvania Sen. Pat Toomey.   Without a last-minute infusion of...

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IANS 15 October 2016
At least 18 persons, inlcuding women, were killed and hundreds injured in a stampede at a religious gathering in Varanasi on Saturday, police said.   The stampede occurred at around 1.30 p.m. at the Rajghat bridge where thousands of people had turned up at the religious congregation...

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IANS 15 October 2016
India and Russia on Saturday signed 16 agreements across multiple sectors following delegation-level talks co-chairedd by Prime Minister Narendra Modi and Russian President Vladimir Putin.   "New horizons in the #IndiaRussia partnership. PM & Prez Putin witness exchange of 16...

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IANS 15 October 2016
Acting on a tip-off, forest officials arrested four persons and seized five containers of snake venom worth Rs 200 crore from Phulbari area of North Bengal's Jalpaiguri district, an official said on Saturday.   "Four persons were arrested and five bullet-proof containers of snake...

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IANS 15 October 2016
In a bad news for Twitter, its last potential buyer Salesforce has decided not to make a bid to buy the struggling micro-blogging website.   Salesforce CEO Marc Benioff told the Financial Times that he has "walked away" from making a bid to buy Twitter.   Earlier, Google,...

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Having the HRA (house rent allowance) component in the salary helps in reducing the tax burden. Those without HRA had a smaller deduction. But the Finance Act 2016 has raised the maximum deduction available under Section 80GG to Rs60,000 per annum (pa) from the existing Rs24,000 pa. Those who...

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IANS 14 October 2016
The central government has decided to use postal network for distribution of subsidized pulses and release more chana from buffer stock to ensure availability of these commodities at reasonable prices during the ongoing festival season.   The decisions were taken at a meeting of the...

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Moneylife Digital Team 14 October 2016
The consumer price index (CPI) inflation for September 2016 declined to 4.31% compared with 5.05% in August due to continued moderation in prices of vegetables and pulses. However, the Reserve Bank of India (RBI) in its monetary policy earlier this month, had forecast consumer inflation at 5%...

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Moneylife Digital Team 14 October 2016
The Telecom Regulatory Authority of India (TRAI) has issued a draft order for content pricing and negotiations in broadcasting sector. This includes a proposal to allow households to pay Rs130 as monthly rental per set top box for 100 standard definition channels that are being offered to...

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IANS 14 October 2016
The Cinema Owners and Exhibitors Association of India (COEAI) on Friday announced that movies featuring Pakistani actors won't be screened in theatres in the country.   The decision comes ahead of the scheduled release of Karan Johar's "Ae Dil Hai Mushkil", which stars Pakistani actor...

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Aparajita Gupta (IANS) 14 October 2016
The bidding for telecom spectrum this year was protected with enhanced, multi-layered security measures as the chances of a hacking attempt after the Uri attacks were deemed very high, according to a top official of the company mandated to conduct the auction.   Without naming...

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IANS 14 October 2016
Industrialist Anil Ambani-led Reliance Communications has signed a "non-binding term sheet" with Brookfield Infrastructure Group, through which the latter would acquire all the tower assets of RCOM for an upfront cash payment of Rs 11,000 crore, a company statement said here on...

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