ECONOMY & NATION


IANS 30 August 2016
India Inc. proposed on Tuesday that goods fully exempted from excise duty and VAT by states be categorised as exempted goods in the GST regime, which should be implemented after a minimum of 6 months from the date of adoption of the GST law by the GST Council.   "Goods fully exempted...

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IANS 30 August 2016
Protests against land acquisition for industries are gaining momentum in Jharkhand and a police firing in Ramgarh has fuelled it further.   Former Chief Minister Babulal Marandi on Tuesday started a two-day mass fast at Hazaribagh district against land acquisition by National Thermal...

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IANS 29 August 2016
After a heated debate, both houses of the Maharashtra legislature on Monday unanimously ratified the Goods and Services Tax (GST) Bill, making it the ninth state in the country to do so.   The GST Bill was recently passed in both houses of Parliament and its ratification by various...

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IANS 29 August 2016
The Reserve Bank of India (RBI) will train its focus on "mis-selling" of insurance products by banks to their customers and also see whether new regulations are needed for protection of banking customers, Governor Raghuram Rajan said.   In his foreword to RBI's annual report for...

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IANS 29 August 2016
Reserve Bank of India (RBI) Governor Raghuram Rajan on Monday called for ushering new owners or managers for companies whose loans accounts have gone sticky, to improve their operational efficiency.   In his foreword to RBI's annual report for 2015-16, released on Monday, he said the...

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IANS 29 August 2016
Adani Enterprises on Monday said it has overcome one of its last legal hurdles over the $16.5 billion dollar Carmichael coal project in Australia's Queensland state, and said construction will begin next year.   The country's Federal Court dismissed an appeal by the Australian...

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IANS 29 August 2016
Reserve Bank of Governor (RBI) Raghuram Rajan on Monday ruled out any further interest rate cuts till such time the inflation came down to the comfort zone, and once again asked commercial banks to lower the cost of credit to their customers.   "Inflation projections are still at the...

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Moneylife Digital Team 29 August 2016
SocialTrade.biz, owned by Ghaziabad-based Ablaze Info Solutions Pvt Ltd, claims to provide a unique concept of online barter system through its Social Media Exchange (SME). However, on probing further, the whole scheme looks like a money circulation scheme, where the user gets paid not for...

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IANS 29 August 2016
India's national income figures for the first quarter of the current fiscal 2016-17 are due for release on Wednesday, against the backdrop of expectations aroused by a normal monsoon and the recent pay hikes for central government employees.   The government expects Gross Domestic...

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IANS 29 August 2016
French company DCNS has approached the Australian Supreme Court seeking an injunction against 'The Australian' from further publishing the leaked documents on India's Scorpene submarine project.   In response to an email from IANS, DCNS Head of Media Relations Emmanuel Gaudez said:...

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Vishal Gulati (IANS) 29 August 2016
Small and less succulent, the apples from Himachal Pradesh this year have been quite a disappointment. Experts, however, say that things will change for the better after the mid-September harvest.   "This time there was widespread and abnormally high damage to all stone fruit crops...

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IANS 29 August 2016
The Supreme Court on Monday asked the consortium of banks led by the State Bank of India to respond to beleaguered liquor baron Vijay Mallya's plea seeking the recall of the notice of contempt for allegedly not making full disclosure of all the assets owned by him and his family as directed...

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In September 2015, the standing committee of parliament for finance came up with a hard-hitting report on illegal chain-money schemes and the use of multi-state cooperative societies to launder money (Moneylife, issue 26thNovember 2015). The committee’s report came in the wake major chit fund...

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IANS 29 August 2016
Authorities on Monday lifted curfew from Kashmir after 51 days since the ongoing unrest began on July 9, officials said.   "Curfew has been lifted from the entire Valley. But, it will remain in force in Pulwama town and in areas under the jurisdiction of Nowhatta and M.R.Gunj police...

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IANS 29 August 2016
Adani Enterprises said on Sunday that its promoters Gautam Adani and Rajesh Adani have pledged an additional 1.65 crore shares, or 1.50 per cent stake, to STCI Finance Ltd.   The company said in a disclosure to the stock exchanges that with this transaction, the total number of shares...

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Moneylife Digital Team 26 August 2016
The curious case of QNet, the Hong Kong-based controversial multi-level marketing (MLM) operator has now reached the Supreme Court. However, some of the accused or agents of QNet like Suresh Thimiri, who was the chief executive of the MLM company in India, appear to be misguiding the apex...

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Moneylife Digital Team 26 August 2016
The decline in the year on year sales growth in the medium and heavy commercial vehicles (MHCV) segment in June-July 2016 is a digression of the trend observed previously, says India Ratings and Research (Ind-Ra). The agency says it believes that persistence in the slowdown in MHCV volumes in...

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IANS 26 August 2016
The Vice Chairman of Lotte Group, South Korea's fifth-largest business group, was on Friday found dead in an apparent suicide ahead of prosecutors' summons over allegations of corruption involving the group.   Police found the body of 69-year-old Lee In-won on a trail in Yangpyeong,...

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IANS 26 August 2016
Prime Minister Narendra Modi became the most followed Indian on micro-blogging site Twitter with 22.1 million followers when he surpassed Bollywood actor Amitabh Bachchan who has 22 million followers, as on Thursday evening.   Modi, who joined Twitter in 2009, gained followers at a...

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IANS 26 August 2016
A new set of leaked documents on India's Scorpene submarines was published by Australian newspaper "The Australian" on Thursday revealing functional description, including the cylindrical and flank array, sonar interception and a number of other details on the boat.   The document,...

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