ECONOMY & NATION


IANS 21 September 2017
The Centre on Thursday announced a new Public Private Partnership (PPP) policy for affordable housing that allows extending central assistance of up to Rs.2.50 lakh per house to be built by private builders even on private land.   Besides, it will also open up immense potential for...

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IANS 21 September 2017
While the overall emerging market economies (EMEs) are on an upward trend, India has not managed to be a part of the emerging market growth, said Chief Emerging Markets Economist at JP Morgan Jahangir Aziz.   "If you look at emerging market economies overall, since around 2013-14 they...

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Moneylife Digital Team 21 September 2017
The yearly State Bank of India (SBI) Composite Index, an indicator for tracking India’s manufacturing activity, has reached a 22-month high in September at 53.6 (moderate growth) compared to last month’s index of 50.9 (low growth). SBI says, based in its Composite Index, it believes that the...

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IANS 21 September 2017
The Central Bureau of Investigation (CBI) arrested retired Orissa High Court Judge I.M. Quddusi for helping an Uttar Pradesh-based educational trust barred by the government from admitting medical students, an official confirmed on Thursday.   A CBI official told IANS, that the agency...

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IANS 21 September 2017
Union Home Minister Rajnath Singh on Thursday said that Rohingyas who have entered India from Myanmar should not be mistaken as refugees because they are "illegal immigrants" who need to be sent back due to national security reasons.   However, National Human Rights Commission (NHRC)...

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Moneylife Digital Team 21 September 2017
The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed two firms owned Cyrus Mistry's family to raise its complaint of mismanagement and oppression against Tata Sons after applying a waiver in this regard. Mr Mistry was ousted as Chairman of Tata Sons in October last...

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IANS 21 September 2017
Income Tax Department sleuths on Thursday searched the business and residential premises of Cafe Coffee Day retail chain founder-owner V.G. Siddhartha, son-in-law of former Karnataka Chief Minister S.M. Krishna, in Bengaluru and other places in the state for alleged tax evasion, said a senior...

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Moneylife Digital Team 21 September 2017
Now that R Seshasayee and the two foreign directors on the Infosys board have hit back at NR Narayana Murthy (NRN), we have a few new questions. Mr Seshasayee has called NRN vindictive, slanderous and, effectively, a liar. NRN has not responded. What does it say about the much-admired NRN’s...

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IANS 21 September 2017
After nearly 23 hrs an Air India technical team managed to retrieve a SpiceJet Boeing 737 aircraft which was stuck in the mud at Mumbai Airport late on Tuesday, an official said here late on Wednesday.   The aircraft had skidded off the main runway while landing and got stuck in the...

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IANS 21 September 2017
In a first of its kind order, the Supreme Court on Wednesday directed Unitech to pay the litigation cost to home buyers who had succeeded before the grievance redressal commission in their lawsuit against the real estate major but later opted for the return of their principal amount with...

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Aparajita Gupta (IANS) 20 September 2017
The telecom regulator, which sent the industry into a tizzy with its decision to slash interconnection usage charges (IUC), justified the move by saying it "will result in direct benefit to customers". Contradicting this claim, industry experts said that, given the current scenario in the...

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IANS 20 September 2017
Union Food Minister Ram Vilas Paswan on Wednesday said the government may consider allowing sugar imports if prices go up during this festive season.   "We do not want sugar prices to increase during the festive season. We will do (import) it, if the need arises. We want to keep the...

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IANS 20 September 2017
Finance Minister Arun Jaitley on Wednesday hinted at a package of measures to boost the economy, while virtually ruling out any cut in duties on petroleum products to check the spike in fuel prices.   "We have taken note of all the economic indicators that are available. This has been...

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IANS 20 September 2017
A portion of a canal that was to be inaugurated on Wednesday by Bihar Chief Minister Nitish Kumar collapsed a day earlier, embarrassing the government.   The incident occurred in Bhagalpur district on Tuesday evening, forcing the Chief Minister to cancel his scheduled visit to the...

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IANS 20 September 2017
The Union Cabinet on Wednesday approved 78 days productivity-linked bonus for non-gazetted rail employees, Finance Minister Arun Jaitley said.   The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi.   Addressing a press conference, Jaitley said,...

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IANS 20 September 2017
The Mumbai Airport extended closure of all flight operations on the main runway till 2 pm as work on towing out a stranded private airlines aircraft continued amidst ongoing heavy rains, low visibility and strong winds, officials said here on Wednesday.   According to IMD figures,...

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Moneylife Digital Team 20 September 2017
Although the government talks of treating honest taxpayers with respect, the income-tax (I-T) department, obviously, thinks differently. The easiest way for the I-T department to meet the steep tax collection target set by the finance ministry is to hustle and frighten existing taxpayers to...

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IANS 20 September 2017
Heavy rains lashed Mumbai, entire coastal Konkan region and parts of western Maharashtra affecting normal life and hitting flight operations, officials said here on Wednesday.   This comes exactly a month after the Mumbai deluge of August 19 and 20.    Flight operations at the...

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Moneylife Digital Team 19 September 2017
India is currently undergoing a slowdown with gross domestic product (GDP) growth rate being affected beginning second quarter of FY2017. The continued fall in GDP since Q2FY17 has raised the spectre of whether growth slowdown is currently temporary. This along with a slowdown in demand,...

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Amit Kapoor (IANS) 19 September 2017
It is becoming really hard to be optimistic about the Indian economy. As T.N. Ninan pointed out last week, it has been six years since the economy breached the seven per cent growth rate mark. There have been repeated forecasts in these last six years of regaining those glory days of 2003-11,...

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