ECONOMY & NATION


IANS 19 October 2016
Following a suspected security breach, the State Bank Of India (SBI) has blocked more than 600,000 debit cards of its customers and will issue fresh cards to them, official sources said here on Wednesday.   The malware-related security breach was reportedly detected in the non-SBI ATM...

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IANS 19 October 2016
Two new metro lines, including one exclusively for Thane on the mainland, will be constructed at a total cost of Rs15,000 crore, Chief Minister Devendra Fadnavis announced here on Wednesday.   The lines are the 24-km long Metro 5 corridor linking Thane-Bhiwandi-Kalyan in adjoining...

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Moneylife Digital Team 19 October 2016
The Reserve Bank of India (RBI) released Minutes of the Monetary Policy Committee (MPC) meeting held on 3rd and 4th October 2016. As per the minutes and individual statements, external members on the Committee appear relatively dovish, while those from RBI seems to be guarded on the inflation...

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Moneylife Digital Team 19 October 2016
Tough times for Michael Ferreira, former world billiard champion and three others arrested in the QNet scam case in Mumbai continue. All four have now been arrested by the Central Crime Station (CCS), a wing of Hyderabad Police in the multi-crore QNet scam case, even while their remand period...

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Abhishek Waghmare (IANS) 19 October 2016
A "normal" monsoon and adequate water in major reservoirs nationwide, coupled with more money to agriculture, have set the stage for a record agricultural output of 270 million tonnes -- 2 per cent in excess of the government's target -- for the kharif (summer) and rabi (winter) crops of...

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IANS 19 October 2016
People can now book Ola or Uber directly from Google Search from their smartphones in India, Google announced on Wednesday.   The users can find directions and choose from a menu of ride service options straight from Google Search app or through the mobile search...

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IANS 19 October 2016
Keeping in view the exponential evolution in the digital space and the growing importance of machine-to-machine (M2M) connectivity, the regulator on Tuesday issued a consultation paper on the matter inviting views from stakeholders.   "The latest entrant to the digital space is the...

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IANS 19 October 2016
The Debt Recovery Tribunal ordered global aerospace major Airbus Industries to deposit Rs 192.5 crore with it in eight weeks towards pre-delivery payment, a consortium of banks made for purchase of aircraft by defunct Kingfisher Airlines of tycoon Vijay Mallya.   Tribunal presiding...

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IANS 19 October 2016
A State Bank of India (SBI)-led consortium of banks will on Wednesday auction the Kingfisher Villa in Goa, which was once owned by industrialist Vijay Mallya.   The reserve price for the Goa property has been set at Rs 85.29 crore.   The liquor baron left the country in March...

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Moneylife Digital Team 18 October 2016
Emerging markets (EMs) including India should run current account deficit and not surpluses, which will allow the country to channel funds into own infrastructure needs and growth, says a research report.   In the note, DBS Bank Ltd, says, "India’s problem is not with current account...

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IANS 18 October 2016
The Central Bureau of Investigation on Tuesday registered a case against wrestler Narsingh Yadav to probe the allegations of doping lodged against him by the Wrestling Federation of India (WFI).   "We have registered a case against Narsingh Yadav and started a probe against him...

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IANS/Moneylife Digital Team 18 October 2016
Apart from the unanimity among them in cutting short-term interest rates by 25 basis points, all members of the Monetary Policy Committee also felt inflation would soften thanks to good monsoon rains, along with signs of an economic revival.   The minutes of their meeting of 3rd and 4...

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Sahana Ghosh (IANS) 18 October 2016
Of the 177 hydropower projects (HPP) located close to Himalayan glaciers over a fifth -- including many in India -- could be under threat from floods caused by the outbursts of glacial lakes, European researchers have warned.   The researchers, from various universities, have charted...

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Amit Kapoor (IANS) 18 October 2016
Goals 1 and 2 of the UNs Sustainable Development Goals (SDGs) envision eradicating poverty and ending hunger in an extreme form in the world by 2030. Much will depend on how developing countries fare on the twin goals over the coming decade-and-a-half. This is because a bulk of the poor and...

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IANS 18 October 2016
Global credit rating agency Moody's Investors Service on Tuesday said the draft bill on the resolution of financial firms in India is a credit positive for banks in the country as it enhances overall systemic stability.   In a statement Moody's said it is an important step to having a...

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IANS 18 October 2016
At least two persons were killed on Tuesday in a fire that broke out in an industrialist's apartment in a residential high-rise in Mumbai's Cuffe Parade area, officials said.   The 20th floor apartment belonged to Bajaj Electricals Chairman and Managing Director Shekhar...

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IANS 18 October 2016
For the first time in its history, the Supreme Court on Monday issued notice to its former judge, Justice Markandey Katju, for claiming that the top court "grievously erred" in setting aside the death sentence of a Kerala man accused of rape and murder of a 23-year-old woman in...

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IANS 18 October 2016
 At least 22 persons were killed and several injured after a major fire broke out in the Institute of Medical Sciences and SUM Hospital in Bhubaneswar on Monday evening.   While the government-run Capital Hospital's officials confirmed receiving 14 bodies, eight bodies were received...

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Moneylife Digital Team 17 October 2016
The Ruia brothers are selling 98% of their stake in Essar Oil and 100% stake in Vadinar port to Russia’s Rosneft Oil Company and a consortium of traders led by Trafigura and United Capital Partners in an all cash deal. While the company management declined to provide details of cash flow or...

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Robert Faturechi  and   Lauren Kirchner (ProPublica) 17 October 2016
To understand how Donald Trump's comments and alleged mistreatment of women are stoking the anxiety of other Republicans, look no further than the private appeal sent Wednesday to a billionaire from a super PAC backing Pennsylvania Sen. Pat Toomey.   Without a last-minute infusion of...

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