ECONOMY & NATION


IANS 13 January 2016
New Delhi : India's banking sector on Tuesday sought increasing the tax exemption limit for savings to Rs.2.5 lakhs and allowing it to issue off-shore rupee bonds to finance infrastructure, at a pre-Budget meeting Finance Minister Arun Jaitley had with banks and financial...

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IANS 12 January 2016
Chennai : Tamil Nadu Chief Minister J. Jayalalithaa on Tuesday urged the central government to issue an ordinance to enable the conduct of Jallikattu after the Supreme Court stayed the bull taming sport.   In a letter to Prime Minister Narendra Modi, Jayalalithaa said: "I strongly...

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IANS 12 January 2016
New Delhi : As prices of pulses continued to pinch consumers, India's annual retail inflation moved up further to 5.61 percent in December from 5.41 percent during the month before, official data released on Tuesday showed.   According to the numbers on consumer price index of the...

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IANS 12 January 2016
New Delhi : After an impressive 9.87 percent growth in October that triggered hopes of a recovery, India's factory output declined by 3.19 percent in the following month into the negative territory, due to a (-)4.4 percent drop in manufacturing activity.   As per data on index of...

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The Champcash app on Google Play store, wants you to install 10 other apps and refer it to others to earn unlimited money, similar to money circulations scams   Champcash, a mobile app from Champion Networks Pvt Ltd, is found luring several Android mobile users, under the pretext of...

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IANS 12 January 2016
New Delhi : As global oil prices continue their plunge into the new year, the Indian basket of crude oils closed trade on Monday at a 12-year low of $28.73 a barrel, according to official data released here on Tuesday.   The Indian basket had touched a previous monthly low of $28.66...

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IANS 12 January 2016
New Delhi  : A magisterial court here on Monday sent Unitech chairman, two managing directors and a director to 14 days judicial custody in alleged cheating cases filed by two investors but the sessions court later granted the three interim bail.   Additional Chief Metropolitan...

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IANS 12 January 2016
Mumbai : The markets outlook for India this year is contingent on consumption demands, corporate earnings and inflation trends, American ratings agency Moody's said on Monday.   "India enters 2016 on the cusp of a cyclical growth recovery, with inflation under control and the...

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Moneylife Digital Team 11 January 2016
Administrative staff and corporators going on ‘study tours’ at taxpayers’ expense should be asked to submit a report along with a follow up action plan says Prof Jadhav, a nominated councillor from Shiv Sena in a notice of motion submitted to the BMC mayor    Professor Avkash Jadhav,...

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IANS 11 January 2016
New Delhi : Connectivity and digitisation are the most important trends which could influence the global automobile industry from 2016 to 2025, said KPMG Global Automotive Executive Survey (GAES) released on Monday.   Based on interviews of 800 top auto executives in 38 countries,...

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IANS 11 January 2016
New Delhi : Low interest and fuel costs coupled with robust urban demand and new launches accelerated domestic passenger car sales last year by 9.80 percent, industry data showed on Monday.   According to the data furnished by the Society of Indian Automobile Manufacturers (SIAM),...

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IANS 11 January 2016
New Delhi : A court here on Monday allowed the plea of Bhartiya Janata Party leader Subramanian Swamy seeking some documents to support his National Herald case against Congress president Sonia Gandhi and vice president Rahul Gandhi.   Metropolitan magistrate Lovleen allowed the plea...

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IANS 11 January 2016
New Delhi : Food ordering app company Zomato announced on Monday it will be shutting down its online ordering service in Lucknow, Kochi, Indore, and Coimbatore, as the size of the markets are small in these cities now.   "We are shutting down the ordering business in Lucknow, Kochi,...

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IANS 11 January 2016
Bengaluru : Indian e-commerce giant Flipkart on Monday announced that co-founder Binny Bansal will replace Sachin Bansal as the chief executive of the company.   Sachin Bansal, also the co-founder of the company, stepped down from the post.   "Sachin Bansal, CEO and co-founder...

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IANS 11 January 2016
Patna : The Congress, which is part of the ruling Grand Alliance in Bihar, has expressed its strong displeasure over the state government's website describing former prime minister Indira Gandhi's rule as worse than British rule in India.   "It is not only wrong but condemnable. We...

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IANS 09 January 2016
New Delhi : Enforcement Directorate (ED) on Friday filed a charge sheet against former communications minister Dayanidhi Maran and five others involved in a money laundering case related to the Aircel-Maxis deal.   The charge sheet was filed before Special Judge O.P. Saini, who has...

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CA Chirag Chauhan 08 January 2016
There are many tax benefits available to the differently-abled, parents who have dependents who are differently-abled, and for the private sector providing employment opportunities to them   There are more than 80 million people in India who are differently-abled. The challenges...

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Moneylife Digital Team 08 January 2016
The CBI has arrested four officials of PACL including its CMD, MD, and two executive directors in the Rs45,000 crore scam   The Central Bureau of Investigation (CBI) on Friday arrested four officials of PACL (earlier Pearls Agrotech corp), including Nirmal Singh Bhangoo, chairman and...

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IANS 08 January 2016
Beijing : China has announced that it will from Friday suspend the stock market "circuit breaker" mechanism that has been implemented since the beginning of this year.   "Currently, the negative effects of the mechanism are greater than the positive effects. Thus, the China Securities...

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IANS 08 January 2016
United Nations : India remains the global growth champion with its economy set to increase by 7.8 percent in the new year although a World Bank report released Thursday cut it from the 7.9 projected last June.   Overall the bank's Global Economic Prospects Report painted a gloomy...

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