ECONOMY & NATION


Moneylife Digital Team 25 January 2017
Property sales in India are expected to fall by at least 20%-30% in 2017, owing to disruption caused by demonetisation and general caution on the part of buyers. Homebuilders already have high levels of unsold inventory and are likely to cut selling prices as demand weakens, says Fitch...

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Dr Abhijit Gosavi 25 January 2017
The worst kind of risk negatively affects society at large. One approach to understand risk is via the analogy of sources and sinks (from engineering) and that of rewards and penalties/risks (from artificial intelligence). In these analogies, the entity that generates risk is called the...

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IANS 25 January 2017
Given the divergent figures on fiscal deficit being furnished by various agencies, notably the official audit office and the government, a think tank of India's largest lender has called for uniformity and transparency in budgetary reporting.   "According to the financial audit report...

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IANS 25 January 2017
The government must tax cash transactions above Rs 50,000, abolish banks' interest on credit card transactions, give tax refund to consumers on digital payments and extend Rs 1,000 subsidy on smart phones to promote a less-cash, digital economy, a panel of Chief Ministers has said in a...

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Moneylife Digital Team 24 January 2017
Political parties, including national and regional parties, have received about 68.90% of their donations from unknown sources, while 12 regional parties have never filed their contributions report since FY2004-05, reveals an analysis by National Election Watch (NEW) and Association for...

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Moneylife Digital Team 24 January 2017
In holding annual general meetings (AGMs) towards September, companies may have already had the opportunity to announce their first quarter results of the next financial year, which may help quell possible shareholders’ concerns over the previous year’s performance. However, the data for the...

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Arul Louis (IANS) 24 January 2017
President Donald Trump has appointed Ajit Pai to head the powerful US communications regulatory agency, becoming the third Indian American picked for key positions in his administration.   Pai, 44, will be the Chairman of the Federal Communications Commission (FCC), the federal...

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IndiaSpend Team (IANS) 24 January 2017
An unnamed taxpayer owed the government Rs 21,870 crore (over $3 billion) for the assessment year 2014-15, which was 11 per cent of they income tax to be paid by all Indians, according to 2016 data, the latest available, from the Income Tax Department.   While three individual...

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IANS 24 January 2017
The Reserve Bank of India has admitted it has no confirmed data of the number or value of fake currencies detected since the demonetisation of Rs 500 and Rs 1,000 notes, a RTI query has revealed.   "We presently don't have the confirmed data on this query," said a reply from the RBI's...

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IANS 24 January 2017
The State Bank of India and other public sector banks on Tuesday moved the Supreme Court seeking to intervene in the Aircel-Maxis case as a substantial amount of theirs was involved as loans.   A bench of Chief Justice Jagdish Singh Khehar, Justice N.V. Ramana and Justice D.Y....

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Saurabh Katkurwar (IANS) 24 January 2017
Initial inquiry reports of recent rail accidents may point to sabotage, but a former Railway Minister and officials held the "faulty financing model" and delay in implementing the required technological measures responsible for the poor infrastructure of the railways that may also be...

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IANS 24 January 2017
The CBI on Monday arrested four former IDBI Bank officials, including a former Chairman, and four former executives of now-defunct Kingfisher Airlines in its ongoing probe into the Vijay Mallya loan default case, officials said.   A senior Central Bureau of Investigation (CBI)...

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IANS 24 January 2017
Life is back to normalcy on Tuesday here and in other parts of Tamil Nadu a day after the violence by supporters of Jallikattu-the bull taming sport.   "The area is calm now. Buses, suburban and metro trains are operating," a resident of Triplicane told IANS.   Triplicane is...

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IANS 23 January 2017
The Tamil Nadu assembly on Monday passed a bill that replaces an ordinance and legalizes Jallikattu, the bull taming sport, in the state.   The bill replaced the ordinance that was promulgated on Saturday amending the Prevention of Cruelty to Animals Act.   Disclaimer:...

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IANS 23 January 2017
The Supreme Court on Monday rejected a plea for deferring the Union budget 2017-18, in view of assembly polls in five states, holding that the presentation has to be done before the start of the financial year (FY) -- from April 1 -- and not during the FY.   Rejecting the plea, a...

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Moneylife Digital Team 23 January 2017
The Government's fourth budget is likely to make a sweeping recast of direct taxes, focusing on both corporate tax and personal income tax, to give a boost to the economy following demonetisation, says a research note from State Bank of India (SBI).    "We expect an increase in...

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Ameet Roy 23 January 2017
Demonetization of high value currency has come as an opportunity of a lifetime for the Indian Prepaid Payment Instruments issuers (PPI). The prepaid payment instruments issuers have witnessed record breaking traffic and the numbers are constantly rising by the second. Major chunk of the...

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IANS 23 January 2017
The Supreme Court on Monday directed CBI Director Alok Verma to probe the allegations of prima facie abuse of authority by the agency's former Director Ranjit Sinha.   Sinha had met the accused in the 2G and coal scam cases which were being investigated by the probe agency when he was...

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IANS 23 January 2017
In a big boost to the tuberculosis control programme, the Supreme Court on Monday said all new tuberculosis patients will get doses of drugs on daily basis instead of thrice a week.   Directing daily doses of fixed drugs combination treatment, Chief Justice Jagdish Singh Khehar,...

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IANS 23 January 2017
Descibing the official data on the index of industrial production (IIP) for November 2016, during which demonetisation was announced, as a "false positive", Crisil Research has said that the latest IIP figures do not reflect the true condition of the Indian manufacturing...

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