ECONOMY & NATION


Alekh Angre 10 February 2012
“As per government estimates, total production for last year was 18.2 million tonnes. This year we expect a marginal decline and estimate total output of around 17 million tonnes,” says Bimal Kothari, vice-president of the India Pulses and Grain Association Despite fall in the production...

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Raj Pradhan Raj Pradhan 09 February 2012
While 80C, 80D and 80CCF tax-saving investments are popular, there are many other tax-savings opportunities which are often overlooked. A rupee saved on tax is a rupee earned. Raj Pradhan brings you ‘other’ tax-saving ideas This is the tax-savings season. People are so desperate to save...

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Sucheta Dalal Sucheta Dalal 07 February 2012
Supreme Court verdict raises some questions Ratan Tata, chairman of the Tata group, who retires in 2012, certainly has plenty of great qualities that helped him ruthlessly consolidate a fragmented corporate empire and make it a global force. Yet, strangely enough, the over-sensitive...

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William Gamble William Gamble 06 February 2012
Despite an improving picture for the global economy, earnings reports of MNCs with operations in Asia and other emerging markets have seen lower growth in the 4th quarter. However, managements of these companies are quick to reassure investors that things would improve in the second half of...

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Moneylife Digital Team 03 February 2012
The rating agency forecasts that advertising growth would slow down over the course of the year due to moderation in economic growth and cost cutting by corporates Against the backdrop of a troubled economy, the media sector is in for a slowdown. According to an outlook report by Fitch, TV...

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Moneylife Digital Team 03 February 2012
Chartered accountants, lawyers and other professionals may have to shell out more money as state governments are contemplating raising the rates of profession tax (PT). Sushil Kumar Modi, Bihar deputy chief minister, who heads the panel on Goods and Services Tax, said that according to...

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Alekh Angre 02 February 2012
In just two months, the prices of onion tumbled by 52% due to excess supply and low off take The prices of onion have crashed by more 52% in the past two months due to excess supply across the country. Experts say that though the prices are in the favour of consumers, the government...

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Moneylife Digital Team 02 February 2012
The apex court cancelled licences of 11 telcos, including 21 of Videocon, 22 Uninor, 9 Idea, 3 Tata Tele, 13 Swan, 21 Loop and asked TRAI to come up with guidelines to allocate newer licences The Supreme Court on Thursday cancelled all licences given to 11 telecom companies issued after...

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Veeresh Malik Veeresh Malik 01 February 2012
Will we soon pay a toll for driving out of our own gates? Two rupees out of all the money we pay for every litre of diesel or petrol sold in India is set aside for making highways and roads. Add to that the money collected by way of road taxes, tolls, user fees, parking charges, permit fees...

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Fereshte Sethna 31 January 2012
The Vodafone tax case was conceded as a ‘test’ case, but diverse issues raised by the I-T department, who seek to render exigible to tax similar cross-border transactions, remain to be adjudicated on a case-by-case basis, including ‘treaty shopping’, which did not arise in the Vodafone case

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Ameet Patel 30 January 2012
The judgement has addressed the issues of certainty and stability in a fiscal system and has rightly identified the areas for improvement for the Indian legislature to boost the confidence of foreign investors. We would now have to wait and watch to find out how the revenue authorities react to...

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William Gamble William Gamble 30 January 2012
Commercial strings are always part of the deal. Reliance Communication’s loan was made easier by its power arm’s October 2010 order for $10 billion worth of energy equipment from Shanghai Electric Group, a deal also financed by Chinese state banks Last week it was announced that Reliance...

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R Vijayaraghavan R Vijayaraghavan 27 January 2012
I am not flatly saying, like many in the Left, that FDI in multi-brand retail will mean disaster for India. We have to be careful to take the good and keep out the bad. There are huge doubts about whether we can do it “When you sup with the devil, make sure you have a long spoon”. India would...

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Moneylife Digital Team 24 January 2012
The central bank has also revised its growth estimate for the current fiscal at 7% from the earlier figure of 7.6%. It has projected inflation at 7% by the end of March, but added that fiscal slippages are a “significant threat” to the economy The Reserve Bank of India (RBI) in its...

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William Gamble William Gamble 23 January 2012
If the locals are getting out, it is probably not a good idea for foreigners to get in. Capital flight, like bad debts, is also one of the principal indications of the end of a credit bubble At first hunters rarely actually spot their quarry. They usually track them following various...

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Moneylife Digital Team 21 January 2012
The commodities market in silver showed some signs of life by suddenly moving up 5.4% on 20 January 2012. Last year, silver exhibited one of its most volatile movements in recent times with a sharp parabolic movement that saw the price shoot up from $30 per ounce to reach a high of $48...

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Moneylife Digital Team 20 January 2012
The apex court’s decision in favour of Vodafone is expected to have a significant impact on the future of India-focussed investments and M&As Netherlands-based Vodafone International Holdings BV (Vodafone) on Friday received major reprieve from the Supreme Court of India, which ruled that the...

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Gurpur Gurpur 20 January 2012
In the face of stringent Basel III guidelines, banks have to take effective steps to meet these challenges and a series of strategies are required to be planned and executed by all the stakeholders to reach the goalpost in good time without any hiccup The draft guidelines on Basel III capital...

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Shukti Sarma 19 January 2012
Sales registrations down ‘only 9%’ y-o-y, PE investments coming back Possibly leveraging on healthy transaction numbers in the secondary market, Mumbai’s real estate in December showed positive signs, with only 9% decrease on a year-on-year basis, said a report by broker firm Prabhudas...

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Veeresh Malik Veeresh Malik 19 January 2012
The market is giving the manufacturers a simple message—too much greed is not good In cold and foggy weather, the air laden with emissions and pollutants, Delhi just completed Auto Expo 2012 where the theme was ‘Green’. According to an automobile industry veteran, who moved on from Delhi to...

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