ECONOMY & NATION


MDT/PTI 04 December 2012
Some 32% of people surveyed by the consumer organisation Which? say they are finding it difficult to cope on their current level of income and nearly 10% of households have defaulted on a loan, bill or housing payment London: Millions of British households are struggling to make both...

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MDT/PTI 04 December 2012
Top three banks which require capital are Indian Overseas Bank, Central Bank of India and the Bank of Maharashtra New Delhi: The Union government said it will decide about Rs15,000 crore capital infusion in the public sector banks (PSBs) to shore up their capital base this week, reports...

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MDT/PTI 04 December 2012
According to TMC, the total dues on the premises where the ATM of HDFC Bank is located are Rs13.64 Lakh including Rs12.40 lakh as property tax Thane: Thane Municipal Corporation (TMC) has sealed an HDFC Bank ATM in the city for alleged non-payment of property tax to the tune of Rs12.40...

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MDT/PTI 03 December 2012
The apex court had reimposed the restriction of 200 SMSes that can be sent in per day per SIM New Delhi: The Supreme Court on Monday stayed order issued by Telecom Disputes Settlement and Appellate Tribunal (TDSAT), which had quashed the sector regulator Telecom Regulatory Authority of...

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MDT/PTI 03 December 2012
Mumbai International Airport may now slap an eviction notice on the cash-strapped airline, owned by Vijay Mallya and lease out the space to other carriers Mumbai: In fresh trouble for beleaguered Kingfisher Airlines, Mumbai International Airport Ltd (MIAL) may issue an eviction notice...

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Moneylife Digital Team 03 December 2012
RBI has become more mindful of growth risks and it is unlikely to shift from its anti-inflationary stance till inflation peaks out, says a Kotak Economic Research report Despite slowing further to 5.3% in 2QFY13 from 5.5% the previous quarter, economic activity is stabilizing at...

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MDT/PTI 03 December 2012
The Singapore High Court stayed the unilateral termination of GMR's $500 million Male airport project by the Maldivian government. However, the Maldivian government made it clear that they will not honour the HC order Singapore/Male: Indian infrastructure company GMR on Monday won a...

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MDT/PTI 03 December 2012
Total number of complaints lodged by telecom subscribers have come down to 17,425 complaints per month from 47,454 complaints per month a year ago New Delhi: The average number of complaints against telemarketing calls has declined to 17,425 per month now from an average 47,454 monthly...

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MDT/PTI 03 December 2012
The I-T department has written to a number of foreign tax authorities as details of stashed funds on more than 60% of those named on the list show the bank balances of a particular day rather than the entire financial transactions done by the individual or the account holder New Delhi:...

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MDT/PTI 03 December 2012
The Finance Minister asked banks to lend more money to students as education loan Mohali: Around 24 lakh students took loans for education with banks having an outstanding amount of Rs52,000 crore, Union Finance Minister P Chidambaram said, as he asked banks to lend more money for this...

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MDT/PTI 03 December 2012
The Supreme Court, however, granted a day’s time to the two Sahara group companies to inform it if they would be able to refund the money or not The Supreme Court on Monday rapped Sahara Group for not refunding Rs27,000 crore to investors, who had put their money into its two...

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Moneylife Digital Team 30 November 2012
For the first time in history, Indian steel companies are forced to import iron ore as domestic production has almost come to a halt, courtesy the Shah Commission report In an irony, several steel/pig iron producers from India, which is the third-largest exporter of iron-ore, are...

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Moneylife Digital Team 30 November 2012
Structural reforms and the re-establishment of fiscal discipline are needed for the economy to return to over 7% GDP growth rates, says BNP Paribas Asian Instant Insight Indian GDP (gross domestic product) growth nudged down to 5.3% y-o-y (year-on-year) in Q2 FY2013 from 5.5% previously....

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MDT/PTI 30 November 2012
The economic growth in the first six months of FY13 is 5.4%, lower than 7.3% growth registered in same period a year ago New Delhi: The Indian economy grew by 5.3% during July-September the current financial year (2012-13), pulled down by poor performance of manufacturing and agriculture...

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MDT/PTI 30 November 2012
NPCIL generates electricity using nuclear energy through 19 nuclear power reactors located at six sites, with an aggregate installed capacity of 4,680MW New Delhi: The Finance Ministry has proposed to list Nuclear Power Corporation of India Ltd (NPCIL) on the stock exchanges by selling...

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MDT/PTI 30 November 2012
The Vijay Mallya-owned Kingfisher Airlines has not paid salary to most of its 4,000 employees since May Mumbai: Having failed to receive their salaries for May, pilots from Kingfisher Airlines have now threatened to approach Director General Civil Aviation (DGCA) if the management did...

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MDT/PTI 30 November 2012
A foreign bank had threatened to close down accounts of state-owned New India Assurance if it did not stop providing insurance cover to ships ferrying oil from Iran New Delhi: The union government said a foreign bank had threatened to close down the account of state-owned New India...

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MDT/PTI 30 November 2012
Chennai-based ReGen also announced launch of its 1.5MW wind turbine that is suitable for low and medium wind speed sites Chennai: Wind turbine manufacturer ReGen Powertech has received new projects worth Rs1,800 crore to be installed with third generation new turbine, reports...

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MDT/PTI 30 November 2012
A Mumbai-based construction company has been reportedly sanctioned credit facilities under regular consortium--Rs2,510 crore--and as China Project consortium -- Rs410 crore-- with 26 banks, with PNB as lead bank   New Delhi: The Central Vigilance Commission is examining a reference...

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MDT/PTI 30 November 2012
Standard Chartered Bank had approached the Competition Commission regarding its proposed acquisition of certain loan portfolios of Barclays in India   New Delhi: Fair trade regulator Competition Commission of India (CCI) has approved Standard Chartered Bank's proposed buyout of...

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