ECONOMY & NATION


Moneylife Digital Team 28 June 2013
The regulator will be empowered to specify the principles and methodology for determination of price of raw coal and washed coal and any other by-product generated during washing   The government on Thursday approved setting up of Coal Regulatory Authority which will be empowered to...

Read More



Moneylife Digital Team 28 June 2013
The Cabinet Committee for Economic Affairs on Thursday approved the proposal to hike the natural gas price to $8.4mmBtu from the current $4.2 per mmBtu with effect from April 2014   Biting the bullet, the government on Thursday approved near doubling of natural gas prices to $8.4 per...

Read More



Moneylife Digital Team 27 June 2013
Nomura’s latest forex report on India says that the rupee is likely to remain weak, with very few tools available at the disposal of the RBI Nomura estimates that despite net portfolio outflows of $6.7 bilion, largely from debt over the last month, foreign positioning in India in equity...

Read More



Moneylife Digital Team 27 June 2013
Prudent fiscal policy combined with structural reform is the way forward and the Indian economy simply cannot afford the Food Security Bill, says Nomura The sharp downturn that the rupee’s trajectory has taken recently has sparked off concerns about an interest rate hike as a possible...

Read More



Moneylife Digital Team 27 June 2013
The NCDRC passed the order while pulling up Sahara for not updating its accounts regarding the repayment of a loan availed by one of its investors against the investment he had made in the scheme The National consumer redressal commission has penalised Sahara India with a fine of...

Read More



Moneylife Digital Team 27 June 2013
Pranay Vakil and Parimal Shroff, two of the best-known experts on real estate, discussed the Real Estate (Regulation and Development) Bill 2013 (the Bill), recently cleared by the Union Cabinet, and how it would affect home-buyers and the industry The Bill aims to protect the interest...

Read More



Moneylife Digital Team 27 June 2013
The project awarded by mFarmer Initiative, a partnership between the GSMA, Bill & Melinda Gates Foundation and USAID aims to provide small farmers with high quality, relevant and timely information and advice delivered via mobile Mobile Value Added Service (mVAS) provider Handygo...

Read More



Moneylife Digital Team 27 June 2013
DE Shaw, which has also set up a financial sector joint venture with Reliance Industries in India, had filed this application with SEBI in July 2007 through DE Shaw Composite Investments (Mauritius) II Global private equity and investment management major DE Shaw’s application to set up...

Read More



Real estate business attracts lots of unaccounted money, which may also be laundered money. If somebody purchases multiple properties through one developer or broker, there should be compulsory reporting to the Financial Intelligence Unit The Government of India has come out with a bill,...

Read More



Dr SD Israni 27 June 2013
One-sided agreements are only the beginning of the misery for  consumers in a real estate transaction Ahapless consumer will clutch at every straw in the wind just as he is likely to believe that there is light at the end of a tunnel. This is particularly true of buyers of real estate

Read More



Adess Singh (GOI Monitor) 27 June 2013
Levying tax on inheritance will check the obsession to accumulate wealth through illegal means for the next generation The subject of tax is seldom an emotional issue as it mostly concerns the manner by which the government generates revenue and encourages or discourages certain sections...

Read More



Moneylife Digital Team 27 June 2013
The current account deficit for the full fiscal year ending in March 2013 was $87.8 billion, or 4.8% of GDP, compared with $78.2 billion (4.2%) a year earlier India’s current account deficit (CAD) for the March quarter was $18.1 billion, or 3.6% of GDP (gross domestic product), lower...

Read More



Charles Ornstein, Tracy Weber  and   Jennifer LaFleur (ProPublica) 27 June 2013
Pay-to-prescribe is illegal, but doctors say they haven't been influenced by the money they get for promoting drugs they also prescribe to large numbers of their patients This story was co-published with NPR.   When the blood pressure drug Bystolic hit the market in 2008, it faced...

Read More



Moneylife Digital Team 26 June 2013
While there is no damage to the power house, the barrage has been suspended and would take around 3-4 months to resume full operations, JP Ventures said Jaiprakash Power Ventures, a subsidiary of Jaiprakash Associates, has informed the exchanges that its 400 MW Vishnuprayag Hydro Power...

Read More



Moneylife Digital Team 26 June 2013
Selling pressure gathered momentum after gold plunged to a 33-month low in overseas markets as weak US economic data strengthening the case for reduced stimulus from the Federal Reserve as the dollar climbed Gold prices on Wednesday declined to a one-month low by losing Rs620 to Rs26,680...

Read More



Moneylife Digital Team 26 June 2013
Selling pressure gathered momentum after gold plunged to a 33-month low in overseas markets as weak US economic data strengthening the case for reduced stimulus from the Federal Reserve as the dollar climbed Gold prices on Wednesday declined to a one-month low by losing Rs620 to Rs26,680...

Read More



Moneylife Digital Team 26 June 2013
The rupee plunged by 69 paise to 60.35 a dollar at 1535 hrs on the Inter-Bank Foreign Exchange market today due to increased buying by banks and oil importers The rupee on Wednesday plunged to an all-time low of 60.35 against the dollar in mid-session trade, dragged down by heavy...

Read More



Moneylife Digital Team 26 June 2013
Reliance Capital said that both Sumitomo and Nippon would have 4%-5% stake each in the proposed bank, subject to regulatory approvals Readying itself for a bank licence, Anil Ambani-led group's Reliance Capital today said Japan’s Sumitomo Mitsui Bank and Nippon Life would become its...

Read More



While Yash Birla is being portrayed as mourning over the loss of his private retreat near Kedarnath, there are thousands of small investors including senior citizens, doing the same for investing in his group companies in either stocks or FDs. After all, what can you expect from a head honcho...

Read More



Moneylife Digital Team 26 June 2013
The union's demands include 25% wage hike, permanent employment for contractual workers, reinstatement of some suspended employees and bringing back to the Chakan plant those transferred outside Production at Bajaj Auto's Chakan plant near Pune remained crippled today as the agitation by...

Read More

Free Helpline
Legal Credit
Feedback