ECONOMY & NATION


Moneylife Digital Team 10 April 2012
Social networking site, Facebook, came down heavily on employers for snooping on their workers’ personal account. In a blog, Erin Egan, Facebook’s chief privacy officer, said that they have seen an increase in reports of employers seeking to gain inappropriate access to people’s Facebook...

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 The major frauds in the banking industry during the last two decades were mainly because of the failure of the audit profession in identifying the signals in advance The appointment of statutory central auditors for public sector banks (PSBs) was the prerogative of the Reserve Bank of...

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 In the US, domestic political compulsions prevent hiking taxes on their super rich, despite people like Warren Buffet offering to pay higher taxes. On the other hand, our poverty-stricken rural poor, designated Below Poverty Liners, are driven to suicides We, in India, are not the only...

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The Coal India case underlines the need for professional autonomy, creation of a reasonable distance between the Ministries and the PSUs and a clear definition of the obligations of the PSUs. This is the concluding part of the series on state-owned companies Over the years, despite the...

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Veeresh Malik Veeresh Malik 09 April 2012
National Maritime Day has come and gone, but the potential of India’s maritime prowess and power is steadily being strangled and eroded. First it was our ships and shipping lines, now it is our ports. What is left after that? Every year in the first week of April for the past six...

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Moneylife Digital Team 09 April 2012
Assocham, a lobby of multinationals has alleged the manipulation in price and fraud in guar gum is benefiting a few rouge traders while thousands of genuine traders, hedgers, exporters and farmers are losing their money at the commodity exchange Associated Chambers of Commerce and...

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William Gamble William Gamble 09 April 2012
The Chinese official PMI climbed to 53.1 in March, reaching its best level in 12 months. In contrast, a report from HSBC/Markit put the index at 48.3 for March, the fifth straight month of decline. To control information from the microbloggers Chinese authorities have warned 3117 websites,...

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The government has listed Coal India to raise money but has pushed CIL into a conflict between its role as a company that is fully accountable to its shareholders and its role as a PSU with all the associated national and social obligations When Mohan Kumaramangalam nationalised 937...

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Can the majority shareholder (the government), trample upon the primary rights of the minority shareholders? This question affects all PSUs. This is the second part of the three-part series on Coal India According to the news reports, it all started with the Prime Minister’s Office (PMO)...

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Moneylife Digital Team 05 April 2012
Gold prices fell to its three-month low, on Wednesday, after the latest US FOMC minutes, released on Tuesday showed that the Fed may not resort to further quantitative easing. The ongoing strike by jewellers in India, biggest buyer of physical gold, has also hit gold in the recent weeks

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Moneylife Digital Team 04 April 2012
Groupon, the icon of new e-commerce businesses, has announced an accounting restatement and has got sued by a shareholder. Will the private equity investors who have created a mini e-commerce bubble in India meet the same fate? Groupon, the icon of new e-commerce businesses, has...

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Moneylife Digital Team 03 April 2012
Mr Kannan who joined BSE in 2009 has resigned and is likely to join the Tata group The Bombay Stock Exchange (BSE) on Tuesday suffered a setback as its managing director and chief executive Madhu Kannan decided to step down. According to media reports, Mr Kannan would join Tata Sons as...

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Moneylife Digital Team 03 April 2012
ISMA says has urged the government to allow a fourth tranche of 1.5 MT sugar export before sugar production from Brazil, the largest producer of sugar, is made available in the international market The total sugar production in the country, as on 31st March stands at around 23.3 million...

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Moneylife Digital Team 03 April 2012
In a case relating to recovery of four secret government documents from RIL’s office, the trial court has finally framed charges against V Balasubramanian, AN Sethuraman and Shankar Adawal after the high court and Supreme Court rejected petitions filed by the accused A trial court in New...

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Moneylife Digital Team 02 April 2012
Jewellers across the country have suffered a business loss of around Rs14,000 crore while the revenue loss for the government comes to about Rs690 crore, due to the ongoing strike against the excise duty hike in Budget 2012-13 The ongoing indefinite nationwide strike by jewellers,...

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William Gamble William Gamble 02 April 2012
To fend off recessions, depressions, deflation and downturns, central bankers around the world have been providing “monetary morphine” in all shapes and forms. This will have unintended consequences Recessions, depressions, deflation and downturns are reckoned to be bad things by...

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Moneylife Digital Team 02 April 2012
The paradox of the situation is that despite sitting on such massive money resources, Mumbai is unable to generate funds to finance its most essential requirements According to a report by Jones Lang LaSalle, Mumbai’s realty and infrastructure situation now needs a serious boost. The...

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Veeresh Malik Veeresh Malik 31 March 2012
The petrol tax cut in Goa, far from being a populist measure, is a brilliant move to plug revenue leakage caused by smuggling petrol into Goa and by adulteration of petrol with kerosene; and the first step to improving transport services. Let us assume that somebody in your apartment...

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R Vijayaraghavan R Vijayaraghavan 30 March 2012
The US government has always been a mouth-piece of American big business. That is why the protest of US commerce secretary John Bryson against India giving a compulsory licence to Natco Pharmaceuticals to produce a generic version of a patented anti-cancer drug leaves a bad taste in the mouth

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While Kingfisher has maintained that it will continue for a long time, burn those miles, if you can Quite a few of us may have taken to Kingfisher Airlines as our airline of choice in the past few years. It was good while it lasted; it is disheartening to see the airline go down and its...

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