ECONOMY & NATION


There is urgent need for a revision of gas prices to a realistic level and consequently, a revival of the idle gas-based power generating capacities in the process   Reliance Industries Ltd (RIL) and its partners, BP and Niko Resources, have decided to "go slow" on investment...

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Loot at banks and the burying of investigation have followed a similar pattern for decades. Will the Modi government call the bluff of bankers and force an indifferent RBI to act?   After running up fresh bad loans of Rs4.95 lakh crore in just seven years, public sector banks...

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Moneylife Digital Team 19 August 2014
Indirect tax revenue collections in the first four months of the financial year have reached 25% of the budget estimates   Indirect tax revenue collections have increased 4% to Rs1,54,350 crore during April-July 2014 from Rs1,48,588 crore in April-July 2013, according to provisional...

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Telangana chief minister K Chandrasekhar Rao, has taken up the gauntlet to be a 'Hitler', if required. Has `Hitler-ism’ worked in India? An insight   Hitler means `Fuhrer’, which connotes a ruthless, tyrannical leader. After World War II, the word `Hitler’ has come out from the...

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Narendra Modi, persona non grata earlier, as Gujarat CM, would now be a diplomatic guest of honour at the White House. Can both, Prime Minister Modi and President Obama find amicable solutions for impending issues between India and the US?   Prime Minister Narendra Modi would be...

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Market economy is not something the government can “impose”  overnight. It requires social recognition, re-drawing of social contracts, probity in public life and ethics in relationship-based transactions   Three societies, namely China, Russia and India are struggling to become...

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Moneylife Digital Team 18 August 2014
Rajasthan ACB has registered case of fraud and corruption against four directors of a private company, three directors  of UltraTech Cement and senior  officials of its mining department in a case of lease transfer in Nagaur district   The Rajasthan Anti-Corruption Bureau (ACB) has...

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Moneylife Digital Team 18 August 2014
Kumar Birla had called media a 'sunrise sector’ in 2012 with one the best opportunities for ‘value creation'. We had disagreed, calling it a messy, unprofitable and sunset sector   Aditya Birla group, which in May 2012 bought 27.5% stake in Living Media India Ltd, a holding company of...

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Moneylife Digital Team 18 August 2014
According to Morgan Stanley, current labour laws in India incentivize firms either to remain small, employing fewer workers, or to use capital- intensive approaches. No wonder, the share of India’s manufacturing sector in GDP of is one of the lowest among EMs   India’s track record in...

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Apart from the frequent border incursions in Arunachal Pradesh, China has showed its distinct dislike for even India to explore oil blocks that Vietnam had offered. Can both countries bury the hatchet and settle all impending issues when their chiefs meet in September?    One of the...

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Moneylife Digital Team 16 August 2014
Shah announced his new team of BJP office bearers that includes 11 vice presidents, eight general secretaries and 14 secretaries. The new team also includes 10 party spokespersons, five of them are new   Bharatiya Janata Party (BJP) chief Amit Shah on Saturday announced his new team,...

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Moneylife Digital Team 14 August 2014
Adani Power would buy Lanco Infra's thermal power plant for Rs6,000 crore, including a debt of Rs4,000 crore. However, Lanco, headed by 'pepper-spray MP' L Rajagopal has a huge debt of Rs36,000 crore   Adani Power said it would acquire Lanco Infratech Ltd's 1,200MW Udupi thermal plant...

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Moneylife Digital Team 14 August 2014
WPI inflation in vegetables declined 1.27%, however, potato prices shot up 46.41% and fruits 31.71% during July   Inflation dipped to a five month low of 5.19% in July mainly due to decline in the prices of some food articles, vegetables and protein-rich items. It was at 5.43% last...

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The iron and steel industry is going through a crisis of raw material supply, which, due to lack of adequate despatches from domestic miners, is being imported at high cost   The iron ore prices in the international market have been falling in the last couple of years and are...

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Moneylife Digital Team 13 August 2014
The move raises issues like who benefited from the debt write-offs and whether previous financial statements were fudged?   Almost three years years after Reliance Industries Ltd (RIL) bailed out the Network18 group by injecting Rs1,700 crore and one month after it acquired direct...

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Moneylife Digital Team 13 August 2014
According to Shanti Bhushan, AAP founder Arvind Kejriwal lacks the ability to manage party affairs at the national level and under his leadership, the party failed to expand across India   Shanti Bhushan, senior leader and founder member of the Aam Aadmi Party (AAP) on Wednesday...

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Moneylife Digital Team 13 August 2014
To deal with all the security related issues in sensitive areas like border and tribal areas, FDI proposals beyond 49% in railways will be cleared by the Cabinet Committee on Security   The Indian government has imposed certain restrictions on foreign direct investment (FDI) in...

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Girish Borkar 13 August 2014
The number of clauses in Form 3CD has increased to 41 this year from 32 last year, along with onerous and confusing new requirements   The Central Board of Direct Taxes (CBDT) issued a notification (33/2014) on 25 July 2014 for amending forms 3CA, 3CB and 3CD. For chartered...

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The very announcement of Tata-SIA's full service domestic carrier Vistara's entry into the Indian market has put all other operators on their toes   Tata-SIA's full service domestic airline is aptly called, Vistara, to cover the vast territory in India. It expects to travel to...

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The Centre needs to seriously take up issues of sugar mills and farmers and bring about proposals to resolve it, while ensuring a fair price formula for all concerned. Piece-meal decisions affecting the sugar industry will not be beneficial in the long run   The sugar industry in...

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