ECONOMY & NATION


Moneylife Digital Team 01 April 2015
Indian airlines operator Spicejet on Wednesday said it has agreed to settle out-of-court the dispute over five aircraft rentals with lessors managed by BBAM Aircraft Leasing and Finance.   "Spicejet... has entered into an in-principle understanding with its five lessors managed by...

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With Prime Minister Narendra Modi's "Make in India" campaign in the backdrop, India's new five-year Foreign Trade policy was unveiled on Wednesday.   Declaring that she wants to "make India a significant factor in world trade by 2020, Commerce Minister Nirmala Sitharaman announced the...

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The farm equipment division of Indian automotive-maker Mahindra and Mahindra on Wednesday said its total tractor sales for March fell by 31 percent at 12,254 units against 17,673 for the same month last year owing to dampened demand.   Domestic sales of tractors fell by 37 percent at...

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RTI activist Vijay Kumbhar was threatened on Monday afternoon, by a corporator-builder during file inspection under RTI at the Pune Municipal Corp    Threats and assaults on Right to Information (RTI) activists have unfortunately become a common phenomenon across the country and one...

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The Hyderabad-based firm said it entered into a definitive agreement to acquire a select portfolio of the established products in India, Nepal, Sri Lanka and the Maldives   Pharma major Dr Reddy's Laboratories on Wednesday announced it will acquire a select portfolio of the...

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According to the company, in fiscal 2014-15 the industry continued to remain sluggish due to the overall market sentiments and the slowing rural economy   Two-wheeler major Hero MotoCorp Wednesday reported an increase of 6.2% in its sales for 2014-15, which stood at 6,631,826 units...

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Automobile manufacturer Maruti Suzuki Wednesday reported an increase of 11.9 percent in its total sales for 2014-15, which stood at 1,292,415 units from 1,155,041 units sold in the previous fiscal.   According to the company, domestic sales during the year ended March 31, 2015, grew...

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The defaulters' names were put up on the department's website last week, while a senior official told IANS here that the newspaper notice, apart from being a novel way of shaming defaulters, would also help in tracing them   With the curtains coming down on the current fiscal, the...

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Following passage of the law increasing the maximum limit of foreign direct investment in the insurance sector from 26 percent to 49 percent, the State Bank of India (SBI) on Tuesday said it is reducing its existing stake in SBI Life Insurance by a maximum of ten percent.   "The...

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Dhirendra Swarup, architect of NPS wants to you to be taxman’s guinea pig   The National Pension Scheme (NPS) was launched in 2004, as a defined-contribution-based pension system, which would nudge people into long-term savings, that would provide a comfortable retirement income....

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Unsold flats, incomplete projects but still a lack of sensible pricing and clear regulation   There is no sign of achche din for India’s middle-class home-buyers. Property prices have spiralled so high that few have been able to afford an apartment within a reasonable commute to work,...

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Rajasthan chief secretary CS Rajan said the embassies and the high commissioners of different countries where roadshows are proposed have been contacted and the final programme of the roadshows would be prepared soon   With an aim to bring investment in the state, the Rajasthan...

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As India does not have too many large domestic institutional investors, a well-endowed domestic pension fund will be the panacea for a robust and sustainable capital market, SEBI chairman U.K. Sinha said on Monday.   "A well endowed domestic pension fund in India will be the panacea...

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Terming the Indian government's decision last week to allow gas-based power units lying idle to import feed stock through e-auctions as "credit positive", rating agency Moody's on Monday said the move will benefit banks as they have significant exposure to such plants.   "The...

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The Supreme Court on Monday asked Reliance Industries Ltd. (RIL) to respond within three weeks to the official auditor's report that had adversely commented on its operation of gas blocks in the KRishna-Godavari basin.   A bench of Justice T.S. Thakur, Justice J. Chelameswar and...

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From the happenings of recent weeks, it will be tempting to deduce that Arvind Kejriwal is a Stalinist who, like all autocrats, hates democracy and dissension and loves yes-men. That's what Prashant Bhushan will want us to believe. But the stormy story of the Aam Aadmi Party's internal crisis...

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Senior leader and anti-Narmada Dam activist Medha Patkar on Saturday said that she has quit the AAP following dissident leaders Yogendra Yadav and Prashant Bhushan's expulsion from the party's national executive in Delhi.   Announcing her decision at a hurriedly convened press...

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Dissident leaders Yogendra Yadav and Prashant Bhushan were sacked on Saturday from the National Executive of the AAP, a party that had stormed to power in Delhi last month.   Yadav's supporters Anand Kumar and Ajit Jha were also removed from the Aam Aadmi Party's 21-member National...

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The duo has branded Kejriwal an autocrat surrounded by "yes men" and accused him of deviating from the party's ideals   The Aam Aadmi Party (AAP) will be holding its National Council meeting on Saturday to decide the fate of two of its dissident leaders -- Prashant Bhushan and...

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Moneylife Digital Team 27 March 2015
Prime Minister Narendra Modi had said that he will personally monitor status of public grievances in the I-T department on a monthly basis through the recently launched PRAGATI programme   In a move that may bring big relief to honest taxpayers, Prime Narendra Modi has not only taken...

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