ECONOMY & NATION


While Dr Raghuram Rajan is trying to give out banking licences in a fair and transparent manner, several members of the newly appointed financial inclusion committee are associated with groups looking to get a banking licence. The institutions that some of the committee members are associated...

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While Dr Raghuram Rajan is trying to give out banking licences in a fair and transparent manner, several members of the newly appointed financial inclusion committee are associated with groups looking to get a banking licence. The institutions that some of the committee members are associated...

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Moneylife Digital Team 27 September 2013
The company is facing margin pressure due to higher input costs, devaluation of the rupee and increase in some raw material costs Mahindra & Mahindra (M&M), India's largest utility vehicle (UV) manufacturer, said it would increase  prices of its passenger as well as its commercial...

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Indications are that the government may soon drop the kid gloves treatment to NSEL and its management and allow the CBI to take over. If that happens, most investors will not get anything back from their investment   Even as the government begins to distance itself from the woes of...

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Shale gas exploration policy is expected to be announced in the next 15 days by the Government in India, much to the annoyance of environmentalists, as in the foreseeable future, we do not have the water resources There is a lurking fear in the minds of gulf oil producers and Prince...

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Moneylife Digital Team 27 September 2013
The landmark judgement from the apex court would force political parties to find better candidates and also pay attention to middle-class concerns about growth, development and infrastructure, instead of focusing only on narrow vote banks and money-muscle power of its candidate In a...

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Moneylife Digital Team 26 September 2013
An analysis by ADR and NEW reveals that most political parties have been continuously doling out election tickets to candidates who have declared charges of promoting enmity between religious groups, destruction of religious places and committing acts intended to hurt religious sentiments

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Moneylife Digital Team 26 September 2013
Adverse  currency  movement  can  widen  the  fiscal  deficit  through  higher  subsidy  outgo  if domestic oil and fertiliser prices are not adjusted to reflect the higher import cost, says Fitch Ratings in its research note Rupee depreciation could increase oil subsidy by 0.1% to 0.4%...

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There is a Microfinance Bill promoting financial inclusion pending in the Parliament. There is also a financial inclusion committee of the RBI currently live, under Dr KC Chakrabarty. So, how appropriate was it for the new RBI Governor to announce another committee on financial inclusion?

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There is a Microfinance Bill promoting financial inclusion pending in the Parliament. There is also a financial inclusion committee of the RBI currently live, under Dr KC Chakrabarty. So, how appropriate was it for the new RBI Governor to announce another committee on financial inclusion?

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Moneylife Digital Team 26 September 2013
The recommendations of Raghuram Rajan Committee, along with the allocation methodology, will effectively subsume what is now 'special category' status accorded to least developed states The Raghuram Rajan panel report has made a case for ending the ‘special category’ criteria for...

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Moneylife Digital Team 26 September 2013
A Moneylife online survey on banking service charges shows a growing sense of frustration among customers about the constant and stealthy increase in charges. But many respondents don’t even know about these charges! Bank customers are frustrated at the ever increasing charges being...

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Moneylife Digital Team 25 September 2013
The uncertainty on extent of Open Marker Operationss and RBI’s approach toward OMOs should keep supply prone zone of the yield curve (>5-year to 14-year bonds) under pressure,forecasts Nomura The bond market is still uncertain on the future of OMOs (bond buybacks - open market operations...

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Moneylife Digital Team 25 September 2013
The accounting watchdog has begun looking into the matter where auditors of Jighesh Shah-led Financial Technologies and NSEL have withdrawn their audit reports With Deloitte Haskins & Sells, the auditors of Financial Technologies (India) Ltd (FTIL), withdrawing their audit report, the...

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Moneylife Digital Team 25 September 2013
The setting up of pay commission once again comes ahead of the assembly elections in five states in November and the general elections next year Ahead of general elections, the Indian government on Wednesday announced constitution of the Seventh Pay Commission, which will look into...

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The market is still getting what is being supplied from presumably hoarded stocks of onions by wholesalers and the middlemen It is almost three months now. Onions, one of the most commonly used ingredient in the Indian cuisine, has remained out of reach for the aam aadmi.  Only the rich...

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Moneylife Digital Team 24 September 2013
Citing purported crisis at NSEL, the auditor of Jignesh Shah's Financial Technologies has withdrawn his audit report for FY13 ahead of the company's AGM tomorrow Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) said its auditor has withdrawn the audit report on the company's...

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Moneylife Digital Team 24 September 2013
The USFDA’s presence in India is being increased to 19 from 12 American staff based in-country, including 10 dedicated specifically to medical products The US Food and Drug Administration (USFDA) is increasing its inspections of facilities of drug makers in India, the second largest...

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Rahul Bhangadia 24 September 2013
Is sustained high fiscal deficit just a financial number which the government needs to bridge? Or does it signify something worse? India is running a high fiscal deficit which means government expenses are far higher than government revenues. Is this a benign state of affairs? Or does...

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Moneylife Digital Team 23 September 2013
The causes and conditions for a potentially swift decline in interest rates are not any different from those that led to their swift rise, says Nomura Interest rates can potentially fall from here as swiftly as they rose in the first place since mid-May, according to Nomura Financial...

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