ECONOMY & NATION


Kathmandu : Stung by the bitter lessons from Madhesi blockade of India trade points that caused acute fuel shortage, Nepal on Monday signed a transit and transportation treaty with China for its third-country commerce -- a move that is likely to end New Delhi's monopoly over the landlocked...

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After ties were strained with India following Oli assuming the office, Nepal looked towards its northern neighbour, aiming to import at least one-third of the total petroleum needs of the Himalayan country from China   Nepal will not sign a petroleum agreement with China during the...

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Sunday's reverse e-auction for stranded gas-based plants SGPs is the third phase of auctions conducted   The government on Sunday announced revival of 9 stranded gas-based power plants with total installed capacity of 5,942 MW, which successfully bid electricity at Rs.4.70 per unit...

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Around 55 million consumers purchased online in 2015 and the number is expected to grow to 80 million this year with better logistics, broadband and Internet-ready devices, it said   Average online purchases in India are expected to increase by 78% this year on the back of attractive...

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New Delhi : Prime Minister Narendra Modi on Saturday called for raising farm incomes through diversification in farming activities and urged all stakeholders, including states, to take a resolve to double income of farmers by 2022.   Addressing farmers at Krishi Unnati Mela here, he...

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New York : If you thought you will be able to convey more to your friends and policymakers on Twitter soon, hold on. According to the micro-blogging site, there is still time for you to tweet in 10,000 characters and its original 140-character limit is here to stay.   Appearing on a...

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New Delhi : The CBI has started tracking the money trail of all the transactions and loans taken by business tycoon Vijay Mallya and Kingfisher Airlines (KFA) totalling Rs. 7,000 crore since 2004.     "Our prime focus is to find out the money trail of loans flowing in from all the...

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Bengaluru : Refuting media reports that Flipkart CEO Binny Bansal's email account has been hacked, the etailer on Friday said it was spoofed but not hacked.   "We would like to clarify it is not a case of hacking. Flipkart's corporate email system leverages the highest standards of...

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Moneylife Digital Team 18 March 2016
While motorcycle sales and UV sales grew, car sales declined for the second consecutive months in a row   Passenger vehicle sales grew by 1.7% in February 2016 says a research report by Religare Capital Markets Ltd. These were largely driven by compact utility vehicle (UV) volumes,...

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Amit Bhandari (IANS) 18 March 2016
Renewable energy in India has overtaken nuclear power as the country seeks carbon-free sources of energy to balance its reliance on coal. Such energy generation in India is higher than its nuclear power generation and is growing at a much faster pace because it is cheaper and quicker to...

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Moneylife Digital Team 18 March 2016
While the RBI's AQR move was a master stroke to clean bank books and stop the evergreening of stressed loans, the move to restructure MSME loans can have an opposite effect, warns Religare Capital in a report   The Reserve Bank of India (RBI) has allowed banks to restructure micro,...

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New Delhi : The Supreme Court on Thursday asked the telecom regulator TRAI whether it would relook its decision imposing penalty on the telecom service providers for call drops in the wake of its own technical paper endorsing the position taken by them.   Asking the Telecom Regulatory...

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New Delhi : Forthcoming spectrum auctions are likely to attract limited participation from telecom companies, and lead to the rise of industry debt to Rs.4,60,000 crore, credit rating agency ICRA said on Thursday.   "Given the estimated level of participation in the auctions, the...

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Kolkata : Competitive pressures on retail-focussed NBFCs are to intensify while banks are increasing focus on retail segments due the pressures on corporate credit, according to a report released on Thursday by credit rating agency ICRA.   "Banks which account for 56 percent of...

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Moneylife Digital Team 17 March 2016
India’s growth momentum, which was positive in 2015, has slowed considerably and leading indicators suggest some moderation in non-agricultural GDP growth in 2016   Nomura says it has launched five proprietary indices to gauge India’s growth momentum and the near-term monetary policy...

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Blue Star sees the market for room air conditioners grow by around 15% and its market share to increase to 12% in FY2017   Air-conditioning and commercial refrigeration company Blue Star Ltd says it is planning to achieve a market share of 12% from 10% at present, by focussing more on...

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SSA Zaidi 17 March 2016
STR plays a vital role for detecting crime, laundering of criminal proceeds and terrorism financing activities. Financial institutions, as the first barrier against illegal money, need to use it proactively   New York Governor Andrew M Cuomo, on 1 December 2015, while announcing...

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Chandigarh : Ten INLD legislators from Haryana barged into the Punjab assembly on Thursday demanding cancellation of its order that de-notified the land of the Satluj Yamuna Link Canal.   “Punjab has back-stabbed the people of Haryana by passing this de-notification. No one in history...

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Hyderabad : With over 20 percent growth in domestic aviation market in 2015, India is well on its way to becoming the third-largest aviation market by 2020, says a Ficci-KPMG report.   According to the report released on Thursday at the India Aviation 2016 here, with 81 million...

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Moneylife Digital Team 17 March 2016
In a half-page advertisement in newspapers across India, the controversial QNet has tried to disassociate itself from agents who it claims have indulged in mis-selling and misleading the public. It claims that 'stern legal action' has been initiated against such sellers, including its...

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