ECONOMY & NATION


While fears of high inflation, lower GDP growth and political compulsions had restricted the government from hiking diesel prices so far, the need to keep diesel prices regulated, even as subsides keep mounting, is also being increasingly questioned Ratings agency CRISIL has said that...

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A rate cut would have been possible if inflation was lower. The RBI, so far, hasn’t been able to reign in inflation because of structural rigidities in improving the supply side   While the equity market is rallying on the hope that the Reserve Bank of India (RBI) will cut interest...

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Moneylife Digital Team 09 June 2012
The CBI has quizzed N Srinivasan of India Cements who was also allegedly using the same model of quid pro quo   From the ongoing investigations against YSR Congress chief Jaganmohan Reddy in the disproportionate assets cases is emerging an interesting business model. Jagan Reddy...

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Moneylife Digital Team 08 June 2012
Here is our interpretation of what Mukesh Ambani said and did not say the annual general meeting today For starters, Mukesh Ambani talked of all the key business areas that Reliance Industries (RIL) is into. But a year ago, RIL and hedge fund company DE Shaw had entered into a joint...

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Moneylife Digital Team 07 June 2012
While the Prime Minister targets to invest Rs2 lakh crore in the core sector, will the bottlenecks on the ground suddenly go away under the diktat of a weak PM? After suffering from a "policy paralysis" for several years, prime minister Dr Manmohan Singh has set a very ambitious...

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Cabinet approved the release of 50% share of the central government for recapitalisation of the remaining 24 RRBs to improve their capital to risk weighted assets ratio   New Delhi: The Indian government on Thursday approved Rs632 crore capital infusion in cash-starved regional rural...

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The whole economy is in shambles. The RBI and the central government will have to put their heads together by taking the right steps to boost growth The present foreign exchange imbroglio and economic crisis faced by our country brings back to memory the near disaster faced in 1991, when...

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Reliance is reinvesting its cash flow at accelerated pace in new projects and new businesses and partnering with global leaders in all its business, Ambani said at the company AGM Mumbai: Billionaire industrialist Mukesh Ambani on Thursday said that partnerships will be key to Reliance...

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Services like metered taxis, auto rickshaws, betting, gambling, lottery, entry to amusement parks, transport of goods or passengers and electricity transmission or distribution by discoms will not be taxed New Delhi: Funerals, betting and gambling have been exempted while almost all...

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Due to continued weakness in domestic demand and moderate core inflation Nomura expects a 25 basis points cut at the next RBI policy meeting on 18 June 2012   Brokerage and research firm Nomura has said that there will be an additional 50 basis points cut in repo rate in 2012 (25 basis...

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After directing Indraprastha Gas to cut its tariffs and refund the excess amount charged to its customers, PNGRB has now asked the government to cancel the licence granted to RIL’s gas transportation arm Oil and gas regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), has...

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Moneylife Digital Team 05 June 2012
Delhi-based Toxic Links, a key campaigner for sound management of E-waste said without monitoring and or evaluation mechanisms in place, nothing is going to change in the coming days Managing electronic waste, (E-waste) such as old computers, CDs, television sets, mobiles, etc, is the...

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India would be able to sustain 20% export growth in the current fiscal and to encourage exports the government had announced an interest subvention scheme which would give 2% interest subsidy to handlooms, handicrafts, carpets and SME sector   New Delhi: Amid global economic problems,...

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As of now the monsoonal flow is strong and Kerala and parts of South Karnataka will continue to get rains for the next two to three days New Delhi: South-west monsoon, the key to the agriculture driven trillion-dollar Indian economy, on Tuesday brought showers to Kerala in South India...

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After ending its 26-year-old successful joint venture with Honda, the Munjal-family now want to pump more money into Hero MotoCorp for increasing production capacity, with an eye on R&D as well New Delhi: Hero MotoCorp, India's largest two-wheeler maker on Monday said it will invest...

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Ramesh S Arunachalam Ramesh S Arunachalam 04 June 2012
Banks needs to avoid appointing all and sundry as their business correspondents, just to meet internal or policy targets   The government in India has adopted a very important strategy to try and achieve financial inclusion, using business correspondents (BC) to serve and service...

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Finance Minister Pranab Mukherjee, however admitted, that the Indian government does not have headroom for proactive fiscal policy New Delhi: Pinning hopes on declining global crude oil prices and normal monsoon, Indian Finance Minister Pranab Mukherjee on Monday said these positive...

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According to the industry body, stalling of the growth process and policy inactions hurt the common people the most and what we lose in the process are valuable jobs and sources for generating income   Terming the economic situation as ‘grave’, industry body Federation of Indian...

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GMR-led DIAL said it won the bid to development Delhi airport through a global tender where terms like concessional land and usage of 5% of airport land for commercial purposes were available to all bidders New Delhi: Questioning the jurisdiction of The Comptroller and Auditor General...

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Haridwar-based Patanjali Yog Peeth has been issued notice for for sale of coupons of different denominations for organising 'yog shivirs' across the country New Delhi: After Income Tax, it is now turn of the Service Tax department to issue a notice of Rs4.94 crore dues to Yoga guru Baba...

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