ECONOMY & NATION


At least 19 persons have been killed and 50 injured in a suspected terror attack in a stadium in Manchester, following a concert by singer Ariana Grande, media reports said.   Police were called to reports of an explosion at the Manchester Arena at about 10.35 p.m. (local time)...

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Beijing, Twenty-five Indian doctors and their families, stuck in a hotel in China's Shenzhen city after their travel agent failed to pay the Chinese tour operator, will travel to India on Tuesday.   "They are in Macau and will travel to Mumbai tomorrow," an Indian official at the...

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A Special CBI Court here on Monday sentenced former Coal Secretary H.C. Gupta, convicted along with others in a Madhya Pradesh coal block allocation case, to two-year imprisonment.   Two former Coal Ministry officials -- K.S. Kropha and K.C. Samria -- were also handed two-year jail...

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The Maharashtra Assembly on Monday unanimously passed the State Goods and Services Tax (GST) ratification bill after hectic deliberations at a three-day special session of the state legislature.   The bill is now being discussed in the upper house, the Legislative Council, where it is...

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Moneylife Digital Team 22 May 2017
The Reserve Bank of India (RBI) and Monetary Policy Committee (MPC) provide quarterly projections for inflation and growth during their bi-monthly policy review, which is revised in subsequent reviews. The MPC uses RBI’s various surveys plus staff’s macroeconomic projections to arrive at...

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Finance Minister Arun Jaitley on Monday filed a second civil defamation suit of Rs 10 crore in the Delhi High Court against Chief Minister Arvind Kejriwal over the word "crook" used by his lawyer.   Jaitley sought Rs10 crore as damages after Ram Jethmalani used objectionable words...

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In the polarised times that we live in, an assessment of three years of the Narendra Modi government is best reflected by two extreme hashtags --#TeenSaalBemisal and #3FailedYears. What you see depends on where you stand on the ideology front, with little room for nuance.   For those...

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The Goods and Services Tax (GST) Council concluded its latest round of meetings on Friday with the decision to apply the same four tax rate slabs for services as for goods, exempting, however, healthcare and educational services from the purview of the GST.   Speaking to reporters...

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With the Goods and Services Tax (GST) Council deciding the tax rate on 1,211 goods on Thursday, there is cheer for the common man as 81 per cent of the goods are below 18 per cent, though people will have to shell out more even for small segment cars with additional cess levied on...

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The Enforcement Directorate on Friday registered a money laundering case against Karti Chidambaram, the son of former Finance Minister P. Chidambaram, on the basis of a corruption case filed by the CBI earlier this week, officials said.   "We have registered a case against Karti...

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Abhay Datar 19 May 2017
The ‘note-bandi’ era is over and the new mantra now is ‘go cashless’ or ‘go digital’. But there is a catch, and you need to watch what you are being charged for and by whom.   To tell you the truth, although I am an ordinary citizen, I am a staunch supporter of cashless transactions....

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In a bid to deal with economic offenders like liquor baron Vijay Mallya, who flee the country to escape the legal process, the government on Thursday said it has prepared a draft legislation to enable confiscation of their assets.   The draft law -- Fugitive Economic Offenders Bill,...

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In major relief for India, the International Court of Justice on Thursday ordered Pakistan not to execute alleged spy Kulbhushan Jadhav till a final decision is taken.   Judge Ronny Abraham, President of the court, reading out the court verdict also asked Pakistan to inform it of all...

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Vishakhapatnam in Andhra Pradesh and Beas in Punjab have been declared the cleanest railway stations in A-1 and A categories respectively. Darbhanga and Jogbani in Bihar were the dirtiest in the two sections, according to a survey by Quality Council of India.   Vishakhapatnam emerged...

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Moneylife Digital Team 17 May 2017
The gross non-performing asset (GNPA) ratio of 13 public sector banks (PSBs) that peaked in December 2016, have remained just about an average basis. However, compared with March 2015, the growth in NPA jumped 143% in March 2017, says a research note.   According to Care Ratings,...

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Sanjay Pandey 17 May 2017
With 800 Million persons below 35 years of age, the Indian work force is considered a demographic dividend. However, recent reports about un-employability of Indian youth have put a question mark on the real value of this dividend.  In November 2016, a report by the Federation of Indian...

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Moneylife Digital Team 16 May 2017
M Veerappa Moily, Chairman of the Standing Committee of Parliament on finance assured a group of activists that the issue of ever rising and unfair bank charges would be discussed in detail by the committee. The meeting, which included Mr Dinesh Trivedi (of the All India Trinamool Congress)...

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US automaker Ford Motor is making plans to cut about 10 per cent of its global staff, which could mean about 20,000 jobs worldwide, according to a media report.   Most of the jobs will be salaried workers who do not have union protection, rather than the 57,000 US hourly staff who...

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State-run Indian Oil Corp (IOC) has reduced price of petrol by Rs2.16 per litre and that of diesel by Rs2.10 a litre excluding state levies.   According to IOC, the current level of international prices of petrol, diesel and the Indian rupee-US dollar exchange rate warranted a...

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The premises of two top opposition leaders, P. Chidambaram and Lalu Prasad, were on Tuesday raided by CBI and IT officials with Karti Chidambaram accused of getting pay-offs for helping a media company get FIPB clearance, while the former Bihar Chief Minister was accused of "benami" land...

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