ECONOMY & NATION


A section of the media has reported that the Central Bureau of Investigation (CBI), probing the multi-crore-rupee Saradha scam, has sent notice and sought a detailed report of Trinamool Congress's accounts from 2010 to 2014   The Trinamool Congress on Tuesday denied having received...

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India isn't so vulnerable that every demand is termed tax terrorism    India will neither promote tax terrorism nor can it become a tax haven, Finance Minister Arun Jaitley said on Monday, assuring a fair compliance window to those with ill-gotten money overseas to come clean, and a...

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VK Sharma 06 April 2015
To reduce gold imports what is required is a level playing field for gold and non-gold imports and not gold schemes as proposed by Arun Jaitley in the Budget   India needs to reduce gold imports, which were the single cause of the unprecedented over 30 year-high current account...

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Sanu George (IANS) 06 April 2015
For years, the suave Advani - a law graduate who is at home both in English and Hindi - was the face of the rising BJP in the 1980s, the star who popularised the party all over the country   Despite belonging to opposing ideologies, BJP patriarch L.K. Advani and V.S. Achuthanandan of...

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Till the conclusion of the auctions held so far, a revenue of nearly Rs.20 lakh crore has been generated   Citing the ongoing coal auctions as a "true example of federalism", union Coal Secretary Anil Swarup on Sunday said the states will be getting a whopping Rs.3.35 lakh crore on...

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The impact of the ED action on the Sun TV Network Ltd's scrip would be known only on Monday when markets open for trading   The Sun TV group continued to maintain a studied silence on Friday over the attachment of assets worth Rs.742.58 crore by the Enforcement Directorate (ED)...

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A spokesperson for the Chief Minister's Office confirmed that Pacheco submitted his resignation to Chief Minister Laxmikant Parsekar in the morning and it was accepted   Goa Archives and Archaeology Minister Francisco Pacheco, who was convicted in an assault case upheld by the Supreme...

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Moneylife Digital Team 02 April 2015
While majority of the respondents are disappointed with the recent turmoil in the Arvind Kejriwal-led AAP, there are some who think Narendra Modi and BJP hold the best hope for India   The recent turmoil in Aam Admi Party (AAP) has left several people, activists and sympathisers...

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The wheat procurement process in Punjab and Haryana, which officially begins on April 1, is likely to be delayed as the crop has still not ripened for harvesting   The damage caused to the standing wheat and fruit crop by unseasonal rains in the past four to six weeks has started to...

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In his budget, the finance minister announced the government would sign the Monetary Policy Framework Agreement with the RBI for controlling inflation, which will become a law providing for a monetary policy committee   The Reserve Bank of India (RBI) is widely expected to leave the...

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The project is backed by a long-term gas supply agreement with ONGC, while the power off-take is on a long term basis with the 7 northeast states   India Infrastructure Fund II will acquire 23.5% stake worth about Rs.426 crore in ONGC Tripura Power Company (OTPC), jointly promoted by...

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The new policy has come at a time when India's merchandise exports continue to log a decent growth, having expanded by just 0.88% in the first 11 months of the current fiscal   With Prime Minister Narendra Modi's "Make in India" initiative in the backdrop and a target of raising...

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The new policy has come at a time when India's merchandise exports continue to log a decent growth, having expanded by just 0.88% in the first 11 months of the current fiscal   With Prime Minister Narendra Modi's "Make in India" initiative in the backdrop and a target of raising...

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Moneylife Digital Team 01 April 2015
The 2003-05 cycle also saw a pickup in growth along with low and stable inflation, similar to the current cycle and sustained deceleration in inflation would provide room for more monetary easing, feels Morgan Stanley    The current cycle of growth pickup and low and stable inflation...

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Moneylife Digital Team 01 April 2015
Indian airlines operator Spicejet on Wednesday said it has agreed to settle out-of-court the dispute over five aircraft rentals with lessors managed by BBAM Aircraft Leasing and Finance.   "Spicejet... has entered into an in-principle understanding with its five lessors managed by...

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With Prime Minister Narendra Modi's "Make in India" campaign in the backdrop, India's new five-year Foreign Trade policy was unveiled on Wednesday.   Declaring that she wants to "make India a significant factor in world trade by 2020, Commerce Minister Nirmala Sitharaman announced the...

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The farm equipment division of Indian automotive-maker Mahindra and Mahindra on Wednesday said its total tractor sales for March fell by 31 percent at 12,254 units against 17,673 for the same month last year owing to dampened demand.   Domestic sales of tractors fell by 37 percent at...

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RTI activist Vijay Kumbhar was threatened on Monday afternoon, by a corporator-builder during file inspection under RTI at the Pune Municipal Corp    Threats and assaults on Right to Information (RTI) activists have unfortunately become a common phenomenon across the country and one...

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The Hyderabad-based firm said it entered into a definitive agreement to acquire a select portfolio of the established products in India, Nepal, Sri Lanka and the Maldives   Pharma major Dr Reddy's Laboratories on Wednesday announced it will acquire a select portfolio of the...

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According to the company, in fiscal 2014-15 the industry continued to remain sluggish due to the overall market sentiments and the slowing rural economy   Two-wheeler major Hero MotoCorp Wednesday reported an increase of 6.2% in its sales for 2014-15, which stood at 6,631,826 units...

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