ECONOMY & NATION


Moneylife Digital Team 24 February 2015
The Rs500 crore properties would be in addition to the properties worth Rs1,050 crore which have already been attached by ED   The Enforcement Directorate (ED), which is probing the money trail in the Saradha ponzi scam will further attach properties worth Rs500 crore.   "We...

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It is time that some major relief provisions are made in the ensuing Budget for the sugar industry, which is in the doldrums for long   At long last, after months of delay, the Cabinet Committee on Economic Affairs (CCEA) has approved the extension of subsidy for raw sugar export to...

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Moneylife Digital Team 23 February 2015
Congress has been performing badly at the hustings, which started with the Lok Sabha elections last year and continued in the Assembly elections in various states, including Delhi   Congress Vice-President Rahul Gandhi has gone on a sabbatical “for a few weeks” to reflect upon recent...

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When PM Modi visits China in May President Xi Jinping will seek his pound of flesh, by demanding entry into SAARC as a full-fledged member. Xi Jinping also wants to settle the border issues, to the satisfaction of China, if India wants their support to become a permanent member of the UN...

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Moneylife Digital Team 20 February 2015
Hours before the crucial trust vote, Jitan Ram Manjhi has reportedly resigned as Bihar's chief minister   Jitan Ram Manjhi has reportedly resigned as chief minister of Bihar, hours before the crucial trust vote in the state assembly.    Manjhi, who was expelled by the JD (U)...

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Moneylife Digital Team 19 February 2015
The Cabinet Secretary directed top bureaucrats in all ministries to refrain from holding conferences and meetings in five-star hotels   Union cabinet secretary Ajit Seth has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding...

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Moneylife Digital Team 19 February 2015
Most of the banks are seeing muted loan growth this fiscal as the economy is yet to pick up   Indian commercial banks’ credit grew 10.38% to Rs64.42 lakh crore in the fortnight to 6th February, shows data from the Reserve Bank of India (RBI).   The advances were at Rs58.36...

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TruthInAdvertising.org 19 February 2015
Over-the-top weight-loss claims abound in this ad for a dietary supplement powder   We’re big fans of Grandma. So when we came across this ad on foxnews.com claiming to reveal an octogenarian’s weight-loss secret, we had to click (we’re also big fans of secrets).   The ad...

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Moneylife Digital Team 18 February 2015
Nippon will be investing about Rs657 crore to acquire an additional stake of 9% in RCAM in the first tranche, to reach a 35%. The transaction pegs Anil Ambani-led RCAM’s valuation at Rs7,300 crore   Reliance Capital Asset Management (RCAM) on Wednesday said that it has completed the...

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Aman Nijhawan 18 February 2015
Core investment companies registered as NBFCs mainly invest in assets of group companies rather than lending to borrowers. Therefore exempting them from providing borrowers’ data to credit bureaus is a welcome relief for such companies   The Reserve Bank of India (RBI) through a...

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Moneylife Digital Team 17 February 2015
Around one lakh employees, including doctors, nurses, teachers, sanitation staff are working under contractual scheme in several departments and agencies in Delhi government    Arvind Kejriwal-led Aam Admi Party (AAP) government on Tuesday put a restriction on termination of services...

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Moneylife Digital Team 17 February 2015
While asking the counsel for Sahara to file appropriate application for extension of facilities for Subrata Roy in Tihar jail, the Supreme Court expressed concern about the Rs10,000 crore payment for securing Roy’s release   The Supreme Court on Tuesday expressed concern over how...

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Does Sahara really own the assets it claims to own? If so, why the struggle to sell some of them?   The government has been quick to send out notices to the Aam Admi Party (AAP) and Congress on their alleged benami election funding. But consider the silence of all tax agencies on the...

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Apart from regular trade and industry, one area that businessmen from both nations can actively take part covers the gem and jewellery trade.  Sri Lanka is known for its gems while India is already an established leader in manufacture and export of gold jewellery   In his first...

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TruthInAdvertising.org 17 February 2015
    Precious metals seller paints a grim financial picture. But investing in gold or silver may not brighten the day   In case you missed it amid dystopian images of rising debt clocks and an explosion that apparently signifies “political upheaval,” let us point you to...

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The steel industry in India is at a disadvantage, especially while dealing with China, because the country has mastered the art of mixing low-grade iron ore with high-grade ore to make acceptable quality of steel   In recent months, due to the slowdown in the economy, China, it...

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Both, Narendra Modi and Arvind Kejriwal, will be under pressure to deliver better governance and be accountable   The Aam Aadmi Party (AAP) tsunami that swept the Delhi assembly elections has refocused everybody’s attention on governance and accountability. This focus will only...

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India needs to move ahead with the Urea Project to be set up in Iran as well work out the logistics of container traffic movements from Chabahar port to other Iranian cities   The Iranian New year, Nav Roz falls on 21st March and there are signs that export of basmati rice, which had...

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Moneylife Digital Team 12 February 2015
Kejirwal invited Modi to his oath-taking ceremony at the Ramlila Grounds on 14th February. However, the Prime Minister expressed his inability as he would be in Maharashtra on that day   Delhi’s Chief Minister-designate and Aam Admi Party (AAP) leader Arvind Kejriwal on Thursday met...

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If the Union Cabinet approves the export subsidy, it will enable the mills to export raw sugar to refineries in Asia and Africa at competitive prices    According to the Indian Sugar Mills Association (ISMA), during the current season sugar production for 2014-15 is expected to reach...

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