ECONOMY & NATION


Sharon Thambala (IANS) 03 September 2015
Known once as 'Timekeeper of the Nation', the state-run behemoth is set to lay off 2,900 of its staff, including 1,091 from its twin-watch units and a bearing factory to turn around its fortunes with 1,600 blue collar workforce   Time is ticking away for thousands employees of the...

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It is nice to see this tax-payer friendly action on the part of the Income Tax Department and let us hope that this may be the harbinger of many more good things to come   Hope you filed your income tax return (ITR) by now. The earlier you file your return, quicker you will get the...

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IANS 01 September 2015
Pointing to investment from companies like Foxconn of Taiwan and Xiaomi of China, Chief Economic Adviser (CEA) Arvind Subramanian on Tuesday said the slowdown in China is a "historic opportunity" to relaunch growth in India.   "China slowdown is a historic opportunity for India as...

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Aparajita Gupta (IANS) 01 September 2015
Arvind Gupta, who was responding to a charge that often BJP and RSS supporters attack people who oppose Modi or his polices, at times in offensive language   The frenzied reactions of Bharatiya Janata Party (BJP) supporters on social media against anyone strongly critical of Prime...

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The Chinese have a lot of debt. Perhaps, not compared to Greece, but it is certainly impressive. Without demand, creating more stimuli might delay defaults in China. If defaults are put off too long, the consequences can be dramatic. The time has come for China   According to the...

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Moneylife Digital Team 28 August 2015
According to the RBI Governor, wherever possible, we have to move steadily but firmly, ever expanding the scope of reforms while always limiting the uncertainty they create   The Reserve Bank of India (RBI) Governor Dr Raghuram Rajan has said the current stress in the banking system...

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IANS 28 August 2015
Vodafone India will launch its 4G services by end of 2015 in "important data markets" including Mumbai, Delhi, Kolkata, Bengaluru and Kochi, a company statement said here on Friday.   In addition, Vodafone India will also roll out its own 3G networks in another seven circles -- Assam,...

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IANS 28 August 2015
The US Commerce Department on Thursday revised up its estimate for the real gross domestic product (GDP) in the second quarter to a growth of 3.7 percent, beating market expectations that growth should have bounced back only mildly from a meager growth in the chilly spring.   The...

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A taxpayer who earns income from salary and owns a single house can easily file tax returns online without taking any help from professionals   Every year, the month of July makes every salaried taxpayer rush to file income tax (I-T) returns. However, for FY2014-15 (AY2015-16), the...

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Rahul Bhangadia 25 August 2015
It is entirely possible, that volumes of some of our export items are actually going up, but it is not being reported because prices are down by much more   A lot has been written, discussed and debated over the monthly Indian export numbers, which have been falling for the last 8-9...

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IANS 25 August 2015
The People's Bank of China (PBOC) announced on Tuesday a cut in the reserve requirement ratio (RRR) and lower key interest rates.   From September 6, it will cut the RRR for financial institutions by 50 basis points, Xinhua news agency reported.    The RRR for financial...

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Moneylife Digital Team 25 August 2015
They have been directed to appear within 14 days of receiving notice and sought to bring all the bank data, Income-Tax Returns and foreign travel details from 2005 onwards   Enforcement Directorate (ED) has issued summons to two directors of Advantage Strategic Consulting Private...

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TruthInAdvertising.org 25 August 2015
MLM and pyramid scheme experts say more must be done to educate and raise student awareness   Ultimate Frisbee on the quad: Is there anything more emblematic of college life? But who’s this person who seems to want in on the game and is talking about some way to earn “extra...

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IANS 24 August 2015
As the rupee hit a new low and the stock market took a tumble, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Monday that India has sufficient foreign exchange reserves to prevent volatility in the currency market.   India has foreign exchange reserves of around...

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Moneylife Digital Team 21 August 2015
According to AIBEA, if private payment banks are allowed to collect deposits, then the cost of banking services as well as interest rates on small and priority sector loans in public sector banks will go up   All India Bank Employees' Association (AIBEA) has opposed the licensing to...

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Vatsal Srivastava (IANS) 21 August 2015
The truth is that these bold calls are 'black swan' events themselves! Very rarely do other predictions from these notable market commentators come true   We all love bold economic forecasts, especially contrarian ones. And every once in a while, they turn out to be correct....

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The changes in income-tax forms are designed to plug the loopholes exploited by taxpayers and non-payers   The date for filing income-tax (I-T) returns for assessment year (AY2015-16) has been extended to 31 August 2015. The new I-T return forms (ITRs) seek additional information from...

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IANS 20 August 2015
Repeating his warnings about global markets being at risk of a crash due to competitive loose monetary policies adopted by rich nations, RBI Governor Raghuram Rajan on Thursday said the recent devaluation of the Chinese currency poses a risk only if the depreciation continues for "longer...

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IANS 20 August 2015
The Reserve Bank of India (RBI) will issue licences to small finance banks to operate next month, RBI Governor Raghuram Rajan said on Thursday.   On Wednesday the RBI issued the "in principle" approval to 11 applicants to set up payment banks.   The new entities - small...

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IANS 19 August 2015
Uber will leverage TOF's network within the Tata Group and externally as well   Private equity fund Tata Opportunities Fund (TOF) on Wednesday announced significant investment in Uber to expand the global app-based cab aggregator's services in India.   "The Tata Opportunities...

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