ECONOMY & NATION


Ramesh S Arunachalam Ramesh S Arunachalam 31 August 2011
Before allowing MFIs to become banks, the Reserve Bank of India must ensure that these institutions are equipped with adequate due diligence and sound KYC policies and procedures The idea of microfinance institutions (MFIs) converting to banks is an intrinsically attractive one, and without...

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Moneylife Digital Team 31 August 2011
PSU marketing companies continue to pile up losses selling fuel below costs. While some major banks have been hurt by higher provisioning requirements, the sector overall has been burdened by increasing rates that has slowed credit demand Oil refiners recorded a huge 41% growth in revenues...

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Moneylife Digital Team 30 August 2011
EAS Sarma, former power and finance secretary writes to prime minister demanding project-by-project probe into the coal linkages for these projects and the dubious nature of the companies Former power and finance secretary EAS Sarma has urged the prime minister to order an investigation into...

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Moneylife Digital Team 30 August 2011
There has been 10%-15% lower production in the early kharif crop due to erratic rainfall. However, experts believe there is no need to panic as this is only a fifth of the annual production and there is plenty of stock  Early kharif crop production from the country's largest onion...

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Moneylife Digital Team 29 August 2011
Sugar sector records net loss in April-June 2011 period; profits dip for shipping and real estate too The sugar sector was the worst performer in the first quarter of 2011-12, a complete reversal for sugar producers who recorded the highest net profit growth in the previous quarter.

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Moneylife Digital Team 29 August 2011
Symantec specialisations recognise and reward partners who have built expertise around a particular technology or market solution. Softcell is a Symantec Platinum Partner Softcell Technologies (Softcell) today announced that it has achieved Symantec Specialisations in the area of data...

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Ramesh S Arunachalam Ramesh S Arunachalam 29 August 2011
It is important to understand that MFIs co-opted local leaders as agents in their desire to grow rapidly, to cope with the costs of servicing the last mile and maximize profits A few days ago I wrote that the proposed microfinance development bill must build safeguards against the presence of...

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Moneylife Digital Team 26 August 2011
Out of the 29 major sectors that Moneylife tracks, lifestyle & leisure showed the highest growth, registering a 43% growth in revenues in the June 2011 quarter, on a year-on-year basis It looks like the slowdown in the economy and rising inflation have not dampened the spirit of consumers...

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Moneylife Digital Team 26 August 2011
With demand growing far slower than production, cement manufacturers will find it difficult to pass on increasing costs to customers, which is likely to result in a steep reduction in profit margins by 2012-13 Crisil Research has forecast that the profitability of the cement sector will...

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Veeresh Malik Veeresh Malik 25 August 2011
Improved public transport is making more people park their cars at home, while local fuel-efficient small autos are gaining traction globally The past few weeks have been interesting for the Indian auto industry. On one side, the expected boom in exports of fuel-efficient cars, bikes and...

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Moneylife Digital Team 25 August 2011
There has been concern over production of pulses this year, as the area under cultivation across the country has been lower by more than 11% The prices of pulses such as tur dal, urad dal, chana are expected to remain stable, despite the reduced area cultivated this year, as the crop...

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Moneylife Digital Team 25 August 2011
DLF alone has a debt of Rs215 billion; companies struggle to raise funds, try to sell land parcels to repay debt, cut losses. Analysts, consultants say developers depend on an improvement in project sales, which can only happen after a correction Companies in the real estate sector have...

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Moneylife Digital Team 24 August 2011
There could be severe ramifications due to power generation from coal, considering the sheer scale of the capacity addition; the geographic concentration of the proposed plants; their predominantly private sector ownership and the severe environmental consequences along with implications for...

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Ramesh S Arunachalam Ramesh S Arunachalam 24 August 2011
There is a feeling among bankers that the acquisition of MFIs could strengthen the functioning of these institutions and enable the much-needed funds infusion. But any such takeover would first require an assessment of the portfolio of these MFIs The proposed Microfinance Institutions...

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Moneylife Digital Team 23 August 2011
The survey also revealed that 58% are unhappy with their current service provider and a majority of users have a common complaint against all providers for not having a proper redressal mechanism in place and not acknowledging the issues faced by subscribers Highlights of  the survey ...

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Yogesh Sapkale Yogesh Sapkale 23 August 2011
Dr D Subbarao emphasises difference between corporate governance in general and corporate governance for banks, saying both cannot be motivated by measurable performance indicators only Reserve Bank of India (RBI) governor Dr D Subbarao has emphasised the need for more effective and...

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Moneylife Digital Team 23 August 2011
H&M gave a personal guarantee to an NRI for a $13.5 million loan without taking permission from the RBI The Madras High Court has dismissed a writ petition by Helios and Matheson (H&M) challenging the Rs5 lakh penalty imposed by the Enforcement Directorate (ED) on the company for violation...

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Moneylife Digital Team 22 August 2011
Troubled by higher cost of funds and increased construction and labour costs, developers are still hoping for higher prices Recent reports suggest that the downtrend in the Mumbai realty sector continues. In July, sales registrations were down 31% y-o-y to 5,047 levels. However, prices have...

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Ramesh S Arunachalam Ramesh S Arunachalam 19 August 2011
Linking the implementation of norms and safeguards to availability of priority sector lending can minimise the risk of failure while improving the protection of the interests of clients and investors While we are on the topic of the microfinance bill, I would like to bring up the aspect of...

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Moneylife Digital Team 19 August 2011
The crash of KS Oils Ltd underlines the perils of how PE funds can also get it very wrong Private equity (PE) players, who come with billions of dollars of cash, pick up significant stakes in firms and often work with managements to improve performance and exit at a profit. Their stock...

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