ECONOMY & NATION


IANS 16 November 2015
 India should be able to end coal import by 2017, thereby saving precious foreign exchange, Power and Coal Minister Piyush Goyal said on Monday.   "By 2017, India need not import coal, except for a few power plants on the coast where it is difficult to transport fuel," Goyal said at...

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IANS 16 November 2015
 Indian realty major DLF Ltd on Monday said it has received approval from the Competition Commission of India for a joint-venture with Singapore's sovereign wealth fund GIC, which is investing close to Rs.1,990 crore in two projects in Delhi.   "DLF Home Developers Ltd (DHDL), a...

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Moneylife Digital Team 16 November 2015
In June 2015, the Modi government increased service tax to 14% from 12.36% and now there would be an additional cess of 0.5% on this. Never mind, indirect tax collections are already growing at about 36% and till October 2015, the government has achieved 60% of its targeted collection for...

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Moneylife Digital Team 16 November 2015
From onions, pulses, black gram, petrol and diesel to eating out, travelling or life insurance service, costs of everything is going up and common people are still hoping for a respite from spiralling prices   Despite several initiatives from the Narendra Modi government, for common...

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Moneylife Digital Team 16 November 2015
BJP leader Dr Subramaniam Swamy, in a press conference, produced documents to back his charge that Rahul Gandhi had claimed he was a British citizen in company filings submitted in the UK during 2003 to 2009. Since, India does not allow dual citizenship, Rahul Gandhi should be stripped of his...

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IANS 16 November 2015
India's annual rate of inflation, based on wholesale prices, inched up to (-)3.81 percent for October from (-)4.54 percent for the month before, mainly on account of a whopping 86-percent spike in the prices of onions and 53 percent in pulses over the past year.   According to the...

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IANS 16 November 2015
Myanmar's opposition party National League for Democracy (NLD), led by Aung San Suu Kyi, has won 880 parliamentary seats (77.3 percent) out of a total of 1,139 in the elections, Union Election Commission said on Monday.   The NLD has secured 389 seats as absolute majority in the House...

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IANS 16 November 2015
 Prime Minister Narendra Modi has projected an 8 percent growth rate for India next year and pushed for a grand alliance of solar-rich nations, even as he sought a united stand of humanity against terrorism in the wake of the terror attacks in Paris.   In his intervention at the G20...

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Ameet Patel 14 November 2015
Indian tax laws are complex and their implementation terrifying. What can the government do to change this? Will the new revenue secretary act on these suggestions?   Mark Twain, obviously, had no idea of how complex and uncertain the Indian Income-tax Act, 1961, is, when he said in...

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IANS 14 November 2015
Niko's 10 percent interest will be divided between RIL and British major BP in proportion to their equity stake in the block of 60 percent and 30 percent, respectively   Reliance Industries (RIL) consortium partner Niko Resources of Canada has decided to quit RIL's gas discovery block...

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Moneylife Digital Team 10 November 2015
The government eased FDI norms in 15 major sectors, including mining, defence, civil aviation and broadcasting, in a bid to drum up investment and speed up growth   The Indian government on Tuesday relaxed norms for foreign direct investment  (FDI) in 15 sectors, including mining,...

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IANS 10 November 2015
Delhi Chief Minister Arvind Kejriwal and union Minister M. Venkaiah Naidu on Tuesday inaugurated a six-lane elevated road that was to cost Rs.247 crore but ended up costing only Rs.143 crore.   Speaking on the occasion, Kejriwal gave due credit for the project to his predecessor and...

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IANS 10 November 2015
Low interest and fuel costs supported by a pent up demand and new launches during the festive season gave a boost to the domestic passenger car sales last month.   The domestic passenger car sales grew by 21.80 percent, industry data showed on Tuesday.   According to data...

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Moneylife Digital Team 09 November 2015
With the Bihar result, opposition parties will become emboldened and will make passage of bills like GST difficult in the upper house, say analysts, especially since non-Congress parties too would be in no mood to oblige    The defeat of Bharatiya Janata Party (BJP) in Bihar Assembly...

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IANS 09 November 2015
With the Bihar election result coming as a setback for the BJP, Prime Minister Narendra Modi's public interaction with the Indian diaspora in Britain at Wembley Stadium, the internationally renowned sporting arena in London, on November 13 has come under a shadow if one goes by what the...

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IANS 09 November 2015
Gujarat-based Adani Group has signed an agreement with Larsen & Toubro Ltd. to acquire the latter's Kattupalli port near here for an undisclosed sum, the two parties said on Monday.   In a regulatory filing with the Bombay Stock Exchange (BSE), Larsen & Toubro (L&T) said it has...

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The Modi government promised to make tax laws more transparent and less complex. The revenue secretary, today, is Hasmukh Adiha, a Gujarat cadre IAS officer who is close to the prime minister. However, Indian tax laws are so outdated, and their application so mindless, that there is no dearth...

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IANS 09 November 2015
South Korea's top automaker Hyundai Motor Co. is set to unveil its first self-driven vehicle in December, a media report said on Monday.   Hyundai plans to roll out the latest version of its "Genesis" luxury sedan equipped with the so-called highway driving assist (HDA)...

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IANS 09 November 2015
The Bihar poll outcome has come as a big disappointment for the BJP whose efforts to rake up extraneous issues like beef-eating and Pakistan, which were not considered germane by a politically conscious electorate, led to a drubbing that the party leadership least expected. Analysts said the...

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IANS 09 November 2015
Nestle India on Monday said it has begun the roll-out of Maggi noodles and that the priority would now be to reach the popular snack to the consumers at the earliest.   "The return of Maggi Noodles on the auspicious eve of Deepawali and on the day of Dhanteras is a moment of...

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