ECONOMY & NATION


IANS 05 October 2016
Anil Ambani-led Reliance Infrastructure on Wednesday said it is selling its entire transmission assets to Adani Transmission. The deal size was not divulged, but banking sources estimated it at over Rs 2,000 crore.   Reliance Infrastructure owns the country's first 100 per cent...

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IANS 05 October 2016
Moving over to International Financial Reporting Standard (IFRS) 9 or its local equivalent that requires providing for expected credit losses may create operational challenges across many Asia-Pacific (APAC) banking systems, said credit rating agency Fitch Ratings.   According Fitch,...

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Amit Kapoor (IANS) 05 October 2016
The Fraser Institute's annual Economic Freedom of the World Report raises some important points for Indian policymakers.   The Fraser Institute is a Canadian think tank that initially held conferences on devising methodologies for measuring economic freedom from 1986-1994. The...

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IANS 05 October 2016
State-run oil marketers again raised transport fuel prices effective from Wednesday on account of hikes in dealer commission, by 10 paise for diesel and 14 paise for petrol, inclusive of local taxes in Delhi, with corresponding increase in other states.   "There will be corresponding...

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IANS 04 October 2016
Automobile major Hyundai Motor India on Tuesday announced the voluntary recall of 7,657 units of entry-level hatchback Eon cars manufactured between January 1 and 31, 2015, the company said in a statement.   "Eon customers of the respective period will be notified in a phased manner...

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IANS 04 October 2016
The issue of non-performing assets (NPAs), or bad loans, particularly of state-run banks, needs to be dealt with firmly, as well as with pragmatism to ensure that economic activity is not affected by drying up of credit, Reserve Bank of India Governor Urjit Patel said on...

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IANS 04 October 2016
India on Tuesday alleged that Pakistan troops resorted to unprovoked heavy firing in at least three places on the de facto border in Jammu and Kashmir, stepping up the tension between the tense neighbours.   No injuries were reported from the Pakistan mortar shelling at Indian border...

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Moneylife Digital Team 04 October 2016
In the first monetary policy review by the newly set up Monetary Policy Committee (MPC) as well as by new Governor Urjit Patel, the Reserve Bank of India (RBI), on Tuesday cut repo rate (the short-term lending rate charged by the central bank on borrowings by commercial banks) by 25 basis...

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Prachi Salve (IANS) 04 October 2016
The five states with the largest proportion of literate women -- Tamil Nadu, Kerala, Andhra Pradesh, West Bengal and Maharashtra -- account for 53 per cent (4.3 million) of all business establishments owned by women nationwide, although no more than 33 per cent of India's women live in these...

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Jaideep Sarin (IANS) 04 October 2016
The apprehension of an India-Pakistan war may have receded but a full-fledged political war has broken out in Punjab over the central and state governments getting nearly 1,000 villages within 10-km of the international border evacuated following last week's surgical strikes by the Indian...

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IANS 04 October 2016
Ahead of the Reserve Bank of India's first monetary policy review to be decided by a committee later on Tuesday, the World Bank has said India's GDP growth will remain robust at 7.6 per cent in 2016 and 7.7 per cent in 2017.   "In India, GDP growth will remain strong at 7.6 per cent...

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IANS 04 October 2016
At least three persons were injured when 10 coaches of the Jhelum Express passenger train derailed in Ludhiana district of Punjab, police said on Tuesday.   The injured persons have been sent to Civil Hospital here, the Ministry of Railways said in a tweet.   The accident took...

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IANS 04 October 2016
India's manufacturing activity lost some momentum in September due to softer increase in new business inflows, a key macro-economic data showed on Monday.   However, the data report pointed out that manufacturing business conditions improved for the ninth straight month, albeit rather...

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IANS 04 October 2016
The Australian government has promised a "significant" cultural change in the way the country's banks treat their customers, ahead of this week's three-day parliamentary inquiry into the banking sector on Tuesday.   The government in August said it would grill the heads of the four...

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Moneylife Digital Team 03 October 2016
The quick service restaurants (QSR) industries in India is facing tepid growth despite players refurbishing menus and sweetening offers and promotions. With increased competition from online players and private equity (PE) funded food players, the QSR industry would face rough weather in...

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IANS 03 October 2016
Stressing the need to go for a big push to fully realise the benefits of urbanisation, the government on Monday unveiled its urban development strategy for the next 20 years.   Union Minister for Housing & Urban Poverty Alleviation M. Venkaiah Naidu released the "India Habitat III -...

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Meghna Mittal (IANS) 03 October 2016
A day before the Reserve Bank of India announces 2016-17's fourth monetary bi-monthly policy, rating agency Fitch said it is waiting to see how the newly-formed Monetary Policy Committee tackles it, hinting that a low inflation targeting could positively impact the country's...

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IANS 03 October 2016
The Pakistan army on Monday resorted to unprovoked mortar shelling and firing at Indian positions in two places in Poonch district, authorities said.   After opening fire in Shahpur area, the Pakistan army started shelling and gunfire in Sabjiyan area of Poonch...

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IANS 03 October 2016
The pound sterling was the worst performer among major currencies on Monday, after British Prime Minister Theresa May said Britain would kick off the process of separating from the European Union (EU) by the end of March 2017.   Speaking at the Tory party's annual conference here,...

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IANS 03 October 2016
The killers of Nitish Katara -- Vikas Yadav, Vishal Yadav and their accomplice Sukhdev Pahalwan -- will undergo enhanced jail term of 25 years as the Supreme Court on Monday held that the courts have the power to impose the punishment of 25 years or even more.   While upholding the...

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