ECONOMY & NATION


Moneylife Digital Team 31 March 2014
Former Union Secretary EAS Sarma who along with others obtained a landmark order from Delhi HC on illegal foreign funding of political parties has called on the Election Commisison to initaite immediate against political parties and Vedanta group Following a Delhi High Court order that...

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The new government may take months before the roadblocks to resume full-scale production We had recently covered various issues relating to the coal production in the country and the enormous difficulties that the exclusive monopolistic producer, Coal India, faces in its day to day...

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Chinese currency Yuan or Remminbi has been rock solid until recently. This created carry trade of faking of exports, getting in foreign exchange and buying a rising renminbi. Now that the Chinese currency has dropped what happens? There was one major emerging market currency that was not...

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Last year, SEBI stopped the SMS menace of SMS Techsoft when it found the company promoters and directors using this to offload their shares. This week, there is a surge in volume in Patidar Buildcon shares after ‘intra-day tip’ SMSes. Is SEBI aware about this? As the stock markets are...

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Piped gas from Myanmar is far more realistic and practical than expecting the Iranian gas to travel through Pakistan to reach India Although the question of upward revision of gas prices has been going on for more than a year, and is in line with the contractual obligation, and duly...

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RBI has tried to push the inflation index bonds with additional commission for distribution and doubling the investment limit. But the product has not caught the fancy of investors. Find out why different customer segments shunned the product that is open till 31st March Reserve Bank of...

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Moneylife Digital Team 26 March 2014
Being an election year, domestic revenues for Tata Consultancy Services are expected to decline in March quarter, thus impacting its overall growth, says SBI Cap Securities Demand environment for Tata Consultancy Services (TCS) would remain as there is an improvement in discretionary...

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Should we really prevent the government from announcing and acting on matters that have been going on for some time or simply postpone it and take a vacation from work till the elections are over? The elections are scheduled to take place from 7th April and the process is spread over a...

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Moneylife Digital Team 25 March 2014
Tata Power is raising about Rs2,000 crore through a rights issue for paying its debts and capital expenditure. The issue is priced at Rs60 per share, including a premium of Rs59 a piece Tata Power Co Ltd said it would raise about Rs2,000 crore through a rights issue for paying its debts...

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India, the world’s second largest food producer, is witnessing growing distress and declining confidence in agriculture as most small and landless farmers, with less of a stake, are found to quit farming The recent unseasonal heavy rains, thunder and hailstorms originating from unusually...

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The income tax department is on an overdrive and its notices of potential tax evasion are harassing retired people, senior citizens, homemakers and widows. Worse, the I-T department has even sent notices in time-barred cases that are over a decade old and to people without a taxable income

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Moneylife Digital Team 24 March 2014
India's largest banking union, AIBEA, has lodged an official protest with the EC about the RBI’s hurry to grant new banking licenses when the country is moving towards general elections to elect a new Parliament. The union says, you cannot overlook political views while granting new licenses

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Moneylife Digital Team 24 March 2014
According to Nomura, while Infosys and TCS would show soft growth, other companies like HCL Technologies, Wipro and Tech Mahindra would show stronger growth during the March quarter Tata Consultancy Services (TCS) and Infosys, the country’s too two IT companies, are likely to report soft...

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Moneylife Digital Team 24 March 2014
General elections outcome in May is critical to improvement in growth mix, which includes, increasing capex and lowering fiscal deficit, says Morgan Stanley in a research note The outcome of general elections in May 2014 will be critical to determining the pace of recovery in India, says...

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Indo-Sri Lankan bilateral trade has the definite potential to reach $10 billion in the next few years, if efforts are made by both sides, considering the existence of free trade agreement signed way back in 2000 Sri Lanka, our southern neighbour, occupies a close, strategic and religious...

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The problem with the Russian economy is that it is designed to favour its crony capitalists. Similarly, the assets of the Chinese elite are derived from government connections The West is attempting to force Russia into giving up the Crimea and invading eastern Ukrainian. Their weapons...

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Moneylife Digital Team 21 March 2014
Tulip Telecom’s chairman and managing director HS Bedi was arrested for allegedly evading service tax of Rs32.16 crore HS Bedi, chairman and managing director (CMD) of Tulip Telecom Ltd is arrested for allegedly evading service tax of Rs32.16 crore. A case has been registered against...

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Moneylife Digital Team 20 March 2014
Even if the BJP-led government comes to power, it may not mean the start of an investment cycle, cautions Credit Suisse because only a fourth of projects are stuck with the central government; the rest are constrained by overcapacity, balance sheets, or state governments At the cusp of...

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The crisis in Ukraine may give India an opportunity to export more wheat, provided we ship out more, as our central pool stood at 24.2 million tonnes, twice more than the buffer and strategic needs Despite the US and European threats and entreaties, Russia went ahead supporting the...

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Abhirup Ghosh 20 March 2014
RBI’s initiatives to curb NPAs are good and would help minimise the stress. However, given the past record on a number of failed reforms, one question arises – can the regulator alone be able to tackle rising NPAs deftly? Good health of banks is critical to the health of the economy and...

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