ECONOMY & NATION


Brajendra Nath Singh (IANS) 05 May 2015
Modi too is expected to visit his adopted village, Jayapur, in his Lok Sabha constituency of Varanasi in Uttar Pradesh, possibly on May 26   In a move to counter opposition parties' attack against the Modi government, the Bharatiya Janata Party is planning a major outreach programme...

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Leading healthcare delivery provider Fortis on Monday announced sale of its Singapore-based healthcare services facility RadLink-Asia Pte Ltd to Fullerton Healthcare group for $83.5 million (Rs.531 crore).   "The significant value we have created in our international healthcare...

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The tax authorities can suitably modify the rules to obviate the need for issuing TDS certificates, which will be a great service to the taxpayers in general and tax deductors in particular   The harassment caused to the tax deductors by the Income-Tax (I-T) Department preventing them...

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Kishore Biyani-promoted Future Retail Ltd.'s board has approved the consolidation and realignment of its retail operations with Bharti Retail Ltd., a statement by the company said here on Monday.   "The board of directors of Future Retail Limited, the flagship company of Future Group,...

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The Make in India campaign would have increased India's defence exports over the past six to eight months, Defence Minister Manohar Parrikar said on Monday.   Parrikar was speaking to reporters here during a two-day visit to the state.   "Actual export figures will come after...

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As it completes 50 years on May 14, the Indian Institute of Packaging (IIP), an autonomous body under the commerce and industry ministry, sees the next phase of growth for the $25 billion (Rs.1.5 trillion) industry coming from e-commerce, as more traditional retailers also take to online...

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The Delhi Commission for Women (DCW) has summoned Aam Aadmi Party leader Kumar Vishwas on the basis of a complaint filed by a party volunteer alleging molestation, an official of the DCW said here on Monday.   "Kumar Vishwas has been summoned to state his stand on the allegations made...

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Saptak Ghosh (IANS) 04 May 2015
The central bank's move basically means that banks are now mandated to provide a percentage of their annual adjusted net bank credit (ANBC) or the credit equivalent amount of off-balance sheet exposure, whichever is higher, to RE project developers seeking finance   The Reserve Bank...

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The Rajya Sabha witnessed an uproar on Thursday when members raised yoga guru Baba Ramdev's infertility medicine 'Divya Putrajeevak Seed'.   A statement from Ramdev's aide S.K. Tijarawala, however, said "'Putrajivak' is classical name and deals with infertility issue not gender...

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The union cabinet on Wednesday raised the tax on import of sugar to 40 percent from 25 percent to check falling prices of the commodity and to enable loss-making mills to clear cane payments arrears.   It also withdrew the Duty Free Import Authorization scheme for...

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Cairn India in its petition had sought the quashing of the tax demand, as it felt there was an undue delay in initiating the proceedings -- a lapse of over six years   With the Delhi High Court to resume hearing on Wednesday on the Rs.20.495 crore tax case slapped on Cairn India,...

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Farmers and the entire value chain in the farming sector are strangulated by regulations of over 12 ministries   Farmers’ distress is once again dominating the headlines, following unseasonal rains. Agriculture is constitutionally a state subject, but, in practice, all policy...

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With decline in oil and commodity prices, the Indian economy is expected to grow by 7.5 percent in 2015-16, 7.9 percent the next fiscal and 8 percent in 2017-18, the World Bank said in its India Development Update report on Tuesday.   "Aided by a supportive external environment, in...

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Moneylife Digital Team 28 April 2015
An economic consultant commissioned by Adani told an Australian court that state royalties to Queensland would range from $3.7 billion to $4.8 billion with 1,464 jobs created over 30 years and not 10,000 jobs and $22 billion the company has used in seeking government approval   An...

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The Delhi High Court has directed the now defunct Kingfisher Airlines to pay over Rs.52 lakh to a female ex-pilot, on her plea seeking outstanding salary for a period of 21 months.   Justice Jayant Nath ordered the grounded carrier to pay Rs.52,61,450 with nine percent interest to the...

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In a move that will cut by Rs.36,000 crore the future capital expenditure of Reliance Power, a part of the Anil Ambani-led group, the company announced on Tuesday that it has terminated the power purchase agreement of its 3,960-MW ultra mega project at Tilaiya in Jharkhand.   Citing...

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Responding to an exhaustive debate in the Rajya Sabha on the agrarian crisis, Agriculture Minister Radha Mohan Singh said the data is based on the reports received from the affected states   The government on Monday told parliament that crops in 189 lakh hectare have been damaged due...

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India's national airline is downsizing its booking operations to bring down operating expenses and has closed down 23 such offices across India, parliament was told on Monday.   Minister of State for Civil Aviation Mahesh Sharma informed the Lok Sabha that Air India has closed down 23...

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IA NS 28 April 2015
Telecom Secretary Rakesh Garg chaired the meeting with the service providers where they were apprised about the growing negative perception with regard to poor quality of telecom services in the country in general and with special emphasis on degrading quality in metros   The...

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Moneylife Digital Team 27 April 2015
The Board of United Spirits said it lost confidence in Vijay Mallya continuing as chairman. Mallya, insists he would continue while blaming others of character-bashing   The Board of United Spirits Ltd (USL), in which Diageo holds majority share, asked Vijay Mallya to resign as...

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