ECONOMY & NATION


Anurag Dey (IANS) 07 March 2017
Apprehensive that the Centre's move to let IIMs award degrees would jeopardise their prospects, business schools offering a post-graduate diploma in management (PGDM) want the government to ensure a level playing field.   Management educators contend that once parliament passes the...

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The Indian government on Monday cut the number of trade mark forms from 74 to just eight, and nearly halved the fee for e-filing applications to Rs 4,500 in order boost the country's Intellectual Property Rights (IPR) regime and to promote ease of doing business.   Announcing the...

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Prabhu Mallikarjunan  and   Prince Singhal (IANS) 07 March 2017
Over 10 years (2006-15), Uttar Pradesh (UP) transferred Indian Police Service (IPS) officers at four times the Indian average, according to an analysis of Bureau of Police Research and Development (BPRD) data.   Although the rate of transfers declined 37% over this period, the average...

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Amit Kapoor (IANS) 07 March 2017
The Indian economy has been witnessing a flux of good news lately. The GDP growth for the October-December quarter stood at seven per cent, beating all expectations of the negative impact of demonetisation. Stock markets hit their highest in two years, and the rupee stood at a three-month...

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Aimed at protecting consumers' interest, the Telecom Regulatory Authority of India (TRAI) on Monday launched a slew of measures to provide them with fair deal to watch TV channels, ensuring transparency and orderly growth of the broadcasting sector.   The major features include...

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A top corporate tribunal on Monday ruled against the petition filed by Cyrus Mistry's investment companies against Tata Sons as non-maintainable.   The National Company Law Tribunal (NCLT) gave its ruling on the maintainability of the petition filed by the Cyrus Investment and...

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IndiaSpend Team (IANS) 06 March 2017
India improved its ease of doing business ranking last year -- moving up from 131 to 130 in a list of 190 countries -- by reducing the average time taken to start an enterprise and secure a permanent electricity connection, according to 2016 World Bank data.   However, an IndiaSpend...

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The Election Commission (EC) has prohibited exit polls for the Uttar Pradesh assembly elections till 5.30 p.m. on March 9 following the death of the Samajwadi Party candidate for the Alapur seat, in the wake of which polling, originally scheduled for February 27, has been pushed back to...

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Britain's top treasury chief Philip Hammond is to unveil a $74 billion Brexit war chest when he outlines his government spending budget on Wednesday in the House of Commons.   Chancellor of the Exchequer Hammond aims to use his showpiece budget speech to members of parliament (MPs) to...

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Finance Minister Arun Jaitley on Saturday said that the Goods and Services Tax (GST), the new indirect tax regime, was on track and July 1 was going to be its likely date of implementation.   "It (GST) looks on track. Subject to Parliament approval, it looks like the possible date of...

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Moneylife Digital Team 04 March 2017
Over the last few weeks, there has been a lot of discussion about driving with Uber, and specifically driver earnings, incentives and whether the company is committed to the driver community and to India for the long term.   In a blogpost, Amit Jain, President of Uber India has tried...

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Amid controversies over drivers' earnings and incentives offered to them, Uber on Friday said currently 80 percent of its drivers across India who are online for more than six hours a day make between Rs 1,500 to Rs 2,500 net, after its service fee.   "Small numbers of individuals,...

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The West Bengal Assembly on Friday passed a tough law regulating functioning of private health facilities, providing for up to three year jail terms and trials under culpable homicide section of the IPC as also a maximum fine of Rs 50 lakh for patients' deaths due to severe medical...

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Shrugging off the impact of the recent demonetisation measure, India's services sector rebounded in February following continuous decline since the November demonetisation measure, revealed key macro-economic data on Friday.   The Nikkei India Services Purchasing Managers' Index (PMI)...

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Moneylife Digital Team 03 March 2017
The construction sector is likely to witness a gradual improvement in credit metrics, although constrained by the companies under debt restructuring showing no signs of recovery, says a research note.    In the report, India Ratings and Research (Ind-Ra) says it has maintained a...

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Moneylife Digital Team 03 March 2017
The Reserve bank of India (RBI) has initiated the payment process to credit value of the banned notes deposited by non-residents Indians (holding Indian passport) under the demonetisation drive, says an official from the central bank.    In an email response, the official from RBI...

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Arnav Joshi (IANS) 03 March 2017
Virtual currencies like Bitcoin are all the rage in FinTech, and could potentially transform global commerce in the years ahead. Users are adopting them in the thousands each day and the value of trade in these currencies is witnessing unparalleled growth.   The world over, regulators...

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With the banks levying a fee for over four cash transactions at its branches, the Confederation of All India Traders (CAIT) on Thursday said the charges amounted to "financial terrorism".   "We strongly object levy of abnormal charges by banks on withdrawal of cash more than four...

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The New Delhi Municipal Council (NDMC) on Thursday announced that it will auction off the Taj Mansingh Hotel here and that it has cancelled the licence of Le Meridien Hotel due to non-payment of fees.   "Important decisions in today's NDMC meeting -- Open auction of Taj Mansingh,...

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The promoter group entities of Reliance Industries on Thursday proposed to restructure their shareholding in it, without altering the total promoter group's holding in the company.   "The promoter group entities of RIL propose to re-structure their shareholding in RIL by inter se...

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