ECONOMY & NATION


Moneylife Digital Team 13 March 2015
Cairn India, the unit of Vedanta, said it received a demand notice of Rs20,495 crore from income tax department for alleged failing to deduct withholding tax on alleged capital gains arising during 2006-07 in the hands of its parent Cairn UK Holdings   The Income Tax (I-T)...

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Moneylife Digital Team 12 March 2015
Sonia Gandhi led a march to show solidarity to Singh’s residence in which several of former ministers Chidambaram, Anand Sharma, Ambika Soni, Veerappa Moily and K Rehman Khan were present   Former Prime Minister Manmohan Singh on Thursday thanked the Congress and party Chief Sonia...

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Moneylife Digital Team 12 March 2015
According to the Chief Economic Advisor although it was unreasonable to expect big bang reforms announcement in annual Budget, the Narendra Modi government is moving ahead slowly but steadily   In vibrant democracies like India, with multiple veto centres, it is “unreasonable” to...

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Railway Minister Prabhu can lend, lease excess properties for building up huge food, grain storage yards, near stations to help faster movement and delivery. This would reduce the dependence on FCI godowns and still bring in the much needed finance, as rent for Railways!     Railway...

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Moneylife Digital Team 11 March 2015
The audio recording released by India TV revealed that Kejriwal had allegedly indulged in horse-trading of six Congress MLAs, before the dissolution of the Delhi Assembly in 2014   In yet another setback to Arvind Kejriwal and Aam Admi Party (AAP), India TV released an audio tape...

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Moneylife Digital Team 11 March 2015
In a newspaper advertisement, IDBI Bank said Tuli and Osian’s Connoisseurs together owe it Rs59.20 crore as on 1st March, and the Bank holds second charge on the offices of the company   IDBI Bank, through an advertisement in a newspaper has declared Neville Tuli, promoter and...

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Alrosa, the world’s largest diamond supplier is willing to offer rough diamonds to 12 of India's diamond processing companies. In addition, with a rupee-rouble currency swap arrangement, the import costs for rough diamonds would come down as it would avoid European middlemen   Due to...

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Moneylife Digital Team 11 March 2015
LIC will invest around Rs30,000 crore each year by subscribing to bonds issued by various railway entities such Indian Railways Finance Corp over next five years   Life Insurance Corp of India (LIC), the country's largest insurer will invest Rs1.5 lakh crore in development of various...

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Moneylife Digital Team 11 March 2015
Nine general managers are promoted as executive directors EDs in PSBs including Bank of Baroda, Bank of India, Canara Bank, Union Bank, Allahabad Bank, Syndicate Bank, Central Bank of India, Indian Overseas Bank and CUB Bank   The union government has promoted nine general managers...

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Moneylife Digital Team 11 March 2015
A Special Court had summoned former PM Singh, along with Kumar Mangalam Birla and former coal secretary Parakh in a case related with allocation of a coal block to Hindalco in Orissa   A Special Court had summoned former Prime Minister Manmohan Singh, industrialist Kumar Mangalam...

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Moneylife Digital Team 10 March 2015
In a two-volume book, NSEL says the series of action that have been taken against the company, FTIL and their directors are far beyond the legal   Facing a barrage of problems on several fronts, scam-hit National Spot Exchange Ltd (NSEL) has launched a massive media outreach...

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Moneylife Digital Team 10 March 2015
Domestic passenger car sales grew 6.85% to 1.72 lakh units, while motorcycle sales fell 8.22% to 7.74 lakh units during February   Passenger car sales in India grew 6.85% to 1.72 lakh units during February compared with 1.60 lakh units in the same month of 2014.   According to...

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Over the next five years, the Railways plan to invest in dedicated freight corridors, high-speed rails and elevated corridors, obtain rolling stock production and to develop logistic parks for facilitating Rail movement. All this requires an investment of about Rs8.5 lakh...

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Moneylife Digital Team 09 March 2015
While ruling out further adjournments, the Special Court said it will proceed even if counsels of accused do not show up   A special court in Hyderabad trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL) Monday said it will pronounce its judgement...

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Moneylife Digital Team 09 March 2015
Sawant, a popular union leader from Central Bank of India, has raised in his PIL the issue of bulging NPAs of state-run banks and lack of action by the lenders as well as government and regulators   The Bombay High Court, while admitting a plea by Subhash Sawant, a union leader from...

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Moneylife Digital Team 09 March 2015
With the government allowing 100% FDI in the railway sector, setting up of the two big-ticket locomotive plants in Bihar through joint venture model is crucial for Railways to give a boost to its infrastructure   Railway Minister Suresh Prabhu has given the go-ahead to two much...

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TruthInAdvertising.org 09 March 2015
Agency calls on drugmakers to add certain health risks to label   Noting a potentially dangerous trend in the overprescribing of testosterone products to men whose symptoms are merely the result of normal aging, the Food and Drug Administration (FDA) last week moved to rein in the...

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Moneylife Digital Team 05 March 2015
Mayank Gandhi, AAP’s Maharashtra chief and member of national executive says, while Prashant Bhushan and Yogendra Yadav agreed to step down from the PAC, the manner and intention behind the resolution to sack them from the Committee is not acceptable   Mayank Gandhi, a member of Aam...

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Manufacturing alone cannot be the engine of growth. Hence, government spending in infrastructure has emerged as Modi government’s main tool of reviving growth. What are the implications?   Our Cover Story of the previous issue pointed out that the Indian market can move to a higher...

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Moneylife Digital Team 04 March 2015
Saharashri and two of his lieutenant are still languishing in jail since the Sahara group has so far failed to muster Rs10,000 crore of legitimate funding to get them out on bail. In the meantime, his trolls continue to post foolish comments on every article about Subrata Roy and Sahara...

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