ECONOMY & NATION


Moneylife Digital Team 18 June 2013
Passengers carried by domestic airlines between January and May this year stood at 259.98 lakh, compared with 258.08 lakh in the same period last year, registering a growth of 0.74%   Domestic air passenger traffic marginally grew by less than a percentage point in the first five...

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Moneylife Digital Team 18 June 2013
Among the notable proposals cleared by the Board were the Rs962 crore proposal of Vijay Television for acquisition by foreign promoters and Korea Western Power Co’s proposal to invest in an Indian company to the tune of Rs270 crore   The government has approved 16 projects involving...

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Moneylife Digital Team 18 June 2013
Poor sales and demand for cotton seed in western Vidarbha indicates that farmers could shift from cotton to pulses like tur, chana and even linseed besides soyabean Large number of traditional cotton growers in the Vidarbha region of Maharashtra may shift to soya this Kharif season as...

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The wheels of the nation can move smoothly when power supply is available in plenty and without any interruption The Rangarajan Committee’s recommendation to fix the price of domestically produced gas at about $8 for Reliance Industries (and obviously, for others) was not welcomed by the...

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Moneylife Digital Team 17 June 2013
The power ministry is moving the newly constituted Cabinet Committee on Investment to seek diversion of as much as 6 mmscmd currently consumed by non-core sectors like steel and petrochemicals, to power plants With gas supplies to power plants drying up, the power ministry will approach...

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Sushmita V Gopalan 17 June 2013
EAS Sarma, the former secretary to GoI suggested that the MCA evolve a system to trace dubious investment or shell companies involved in money laundering EAS Sarma, former Secretary to the Government of India, has suggested that the ministry of corporate affairs (MCA) evolve a system in...

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Moneylife Digital Team 17 June 2013
“With increased subscribers and usage, the costs associated with national roaming have declined, but not vanished. There are still real costs incurred in providing the national roaming facility,” TRAI said The Telecom Regulatory Authority of India (TRAI) on Monday announced reduction in

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Moneylife Digital Team 17 June 2013
Gold and silver imports, during the month under review, grew by 89% to $8.39 billion After growing for four consecutive months, India’s exports contracted by 1.1% year-on- year in May to $24.5 billion compared to  $24.77 billion in May last year.   Imports grew by 6.99% to...

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Moneylife Digital Team 17 June 2013
Balance of payments and inflation and growth rate will determine future monetary stance, the central bank said   The Reserve Bank of India (RBI), in its mid-quarter review of the monetary policy on Monday, decided to keep key interest rates, cash reserve ratio (CRR) and repo rates

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Moneylife Digital Team 17 June 2013
While the sales of luxury sedans of Jaguar brand stood at 7,061 units, Land Rover sales were at 24,149 units during the month, the company said in a statement Tata Motors said that its global sales, including Jaguar Land Rover, in May stood at 81,783 units, down 14.9% year-on-year, due...

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Moneylife Digital Team 17 June 2013
The new measure, expected to be operational within this financial year, will save the taxpayer from the hassle of sending the paper document by post and tracking its acknowledgement Millions of taxpayers who file income-tax (I-T) returns in electronic form may no longer have to post the...

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Moneylife Digital Team 14 June 2013
Market regulator SEBI and competition watchdog CCI have already sought clarity from the domestic carrier on the transaction, to ensure that Etihad’s ownership powers in Jet remains in line with its 24% stake in the company’s equity capital   The Foreign Investment Promotion Board...

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Moneylife Digital Team 14 June 2013
Zen Technologies bought the 10% stake of Rakesh Jhunjhunwala @ Rs70, under its ongoing buyback offer. This left hardly any buyback from retail investors which boils down to one rule for the big investor, another for the small guys   Zen Technologies was in the market to buy back...

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Moneylife Digital Team 14 June 2013
The fall in WPI inflation has been attributed to declining prices of manufactured items, even as prices of food articles inched up The wholesale price index (WPI) based inflation fell to 4.7% in May, driven mainly by declining prices of manufactured items, even as prices of food articles...

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KK Sharma 14 June 2013
The judgement will ensure that there is fear of competition law and the SC in the mind and hearts of those who may be tempted to rob Indian consumers of their hard earned money 12 June 2013 would be remembered as a defining moment in the evolution of competition law jurisprudence in the...

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Moneylife Digital Team 14 June 2013
The Infosys stock jumped 3.32% a day before the board meeting, with 2.312 million shares changing hands. Moneylife had written about possible insider trading in the stock The Securities and Exchange Board of India (SEBI) has sought clarifications from Infosys regarding its 1st June board...

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Moneylife Digital Team 14 June 2013
NSE has attributed the suspension to “non-compliance with provisions of listing agreement which inter-alia includes non submission of financial results for the period ended 31 December 2012” The National Stock Exchange (NSE) on Thursday said it will suspend trading in securities of KS...

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Moneylife Digital Team 14 June 2013
Prima-facie information received from Malaysia indicates that Foreign Direct Investment norms were allegedly violated Information received from Malaysia in connection with the Central Bureau of Investigation’s (CBI) probe in the Aircel-Maxis deal prima facie indicates that foreign...

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Moneylife Digital Team 13 June 2013
Wipro has been slapped with an over Rs816 crore claim by I-T department, becoming the latest IT company to have got such a notice after Infosys, WNS and iGate Azim Premji-led Wipro became the latest information technology (IT) company in India to receive a notice from the Income Tax...

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Moneylife Digital Team 13 June 2013
Wipro has been slapped with an over Rs816 crore claim by I-T department, becoming the latest IT company to have got such a notice after Infosys, WNS and iGate Azim Premji-led Wipro became the latest information technology (IT) company in India to receive a notice from the Income Tax...

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