ECONOMY & NATION


IANS 04 November 2016
The decision on the issue of dual control between the Centre and states remained elusive at the conclusion of the Goods and Services Tax (GST) Council's fourth meet here on Friday, a state Finance Minister said.   The Council, which reached a consensus on the four-tier tax slab...

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Moneylife Digital Team 04 November 2016
The private security personnel posted outside Tata Group's headquarter Tata House in Mumbai have beaten several photographers on Friday.    Condemning the Act, the Mumbai Press Club informed that at least three photographers have sustained serious injuries in this brutal attack and...

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IANS 04 November 2016
Even as the hunt is on for a new chairman following the ouster of Cyrus Mistry, Tata Sons on Friday announced major changes in their organisational structure, including the resignation of three top executives.   "Nirmalya Kumar, N.S. Rajan and Madhu Kannan have decided to explore...

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Moneylife Digital Team 04 November 2016
The All India Central Bank Employees' Congress (AICBEC) has appealed to the Parliamentary Standing Committee on Human Resource Development to take action against top management of Central Bank of India for suppressing employee union.   The AICBEC, in a memorandum submitted to...

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Moneylife Digital Team 04 November 2016
The Indian government has decided to develop the country's own standard for gold. The first Indian gold standard will be called as the Bharatiya Nirdeshak Dravya (BND 4201).    India Government Mint, a unit of Security Printing and Minting Corp of India Ltd, has signed an agreement...

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IANS 04 November 2016
 The Reserve Bank of India (RBI) on Thursday said Indian banks can issue masala bonds or rupee-denominated bonds issued overseas to augment their capital and long-term funds.   In a statement, the RBI said issuance of such bonds will help develop the market of rupee-denominated bonds...

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IANS 04 November 2016
The Ministry of Information and Broadcasting has directed Hindi news channel NDTV India to go off air for 24 hours for allegedly breaching broadcast norms in its coverage of the Pathankot terror attack.   The NDTV on Thursday expressed shock over the order, saying the chanel's...

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Moneylife Digital Team 03 November 2016
India is building a new economic and investment framework based on greater openness, stability and transparency, but there are certain areas that need further improvement, particularly in legal and regulatory institutions. As the Indian government finalizes India’s new economic system, it...

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Moneylife Digital Team 03 November 2016
The Board of Directors of Jaguar Land Rover Automotive Plc, a unit of Tata Motors Ltd is meeting on Thursday (evening Indian Standard Time) in London. Ratan Tata, the interim Chairman of Tata Sons, the group's holding company is attending the meeting. Cyrus Mistry, who was removed as Chairman...

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IANS 03 November 2016
 In order to bring down coal imports at a faster rate, public sector units (PSUs) in the power sector will follow "zero imports" from the next fiscal onwards, a top official said on Thursday.   "In power sector, we engage with each of the public sector entities and by March 31 this...

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IANS 03 November 2016
Two days after an ex-serviceman's suicide on the OROP issue, Defence Minister Manohar Parrikar on Thursday said most defence veterans had been given benefits under the scheme while around one lakh who were still left will be given these in two months.   These one lakh ex-servicemen...

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IANS 03 November 2016
For the fourth consecutive day, residents of Delhi and the NCR on Thursday woke up to a foggy morning with complaints of respiratory problems and watery eyes.   As air monitoring agencies predicted similar situation for some more days, health problems are likely to be...

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Brig Anil Gupta (IANS) 03 November 2016
In the last 48 hours, more than three schools have been burnt in South Kashmir taking the tally to 27 so far since July 9 -- a day after Hizbul Mujahideen commander Burhan Wani was gunned down by security forces.   Why are schools being targeted and why are only government school...

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Alison Saldanha  and   Karthik Madhavapeddi (IANS) 03 November 2016
Over the Diwali weekend of 2016, India's air quality was among the world's worst and between 40 per cent and 100 per cent worse in five north Indian cities than at the same time the preceding year, according to global air pollution data, and an IndiaSpend analysis of national data and its own...

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IANS 03 November 2016
Petroleum dealers in India will not make purchases from the oil marketing companies (OMCs) on Thursday but continue to sell fuel and will go on a full-fledged strike on November 15 to protest against their declining margins, a representative said on Wednesday.   "All India Petroleum...

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IANS 03 November 2016
Country's largest lender, the State Bank of India (SBI) on Wednesday slashed, by 0.15 percent, interest rates for its home loans up to Rs 75 lakh effective from November 1.   On a home loan of Rs 50 lakh, reduction in lending rate will allow a home buyer to save Rs542 per month and...

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IANS 03 November 2016
The Federal Open Market Committee of the US Federal Reserve on Wednesday kept its short term interest rate intact for now, but gave an indication that a hike was on the cards in December on the back of economic recovery.   After a two-day, much-watched meeting of the committee chaired...

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Moneylife Digital Team 02 November 2016
Ratings agency Standard and Poor's (S&P) on Wednesday maintained its stable outlook for India in its latest update, while affirming its long term rating at BBB- and short term rating at A-3. Though disappointing, this move was expected as the rating agencies show differential treatment when...

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Moneylife Digital Team 02 November 2016
Domestic volume growth will become very relevant as a driver of profits in Indian economy as the gross margin expansion-led earnings growth is largely over, says a research report.   In the note, Kotak Institutional Equities Research says, "We note that economic recovery is still...

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IANS 02 November 2016
Sharp anomalies in the taxation rates and structure across different industries such as telecom, tobacco, textiles, food processing and tourism should be addressed as the country moves to implement the Goods and Services Tax (GST), an industry report said on Wednesday.   "As we are in...

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