ECONOMY & NATION


Hyderabad : With over 20 percent growth in domestic aviation market in 2015, India is well on its way to becoming the third-largest aviation market by 2020, says a Ficci-KPMG report.   According to the report released on Thursday at the India Aviation 2016 here, with 81 million...

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Moneylife Digital Team 17 March 2016
In a half-page advertisement in newspapers across India, the controversial QNet has tried to disassociate itself from agents who it claims have indulged in mis-selling and misleading the public. It claims that 'stern legal action' has been initiated against such sellers, including its...

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Moneylife Digital Team 17 March 2016
The 15-year, Rs200 crore Masala bonds would be listed on LSE and its proceeds would be used to advance private sector development in India, says IFC   IFC, a member of the World Bank Group, has issued Rs200 crore-or nearly $30 million-in 15-year Masala bonds, marking the longest-dated...

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New Delhi : Bharti Airtel on Thursday said it will acquire Videocon Telecom's radio frequency spectrum in six circles for Rs.4,428 crore in yet another deal after the government liberalised the trading and sharing of scarce airwaves among operators.   "Bharti Airtel has entered into a...

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Washington : The US Federal Reserve kept its benchmark short-term interest rates unchanged amid potential risks to the US economy, signalling the central bank will slow the pace of future interest rate hikes this year.   In a statement released on Wednesday after a two-day policy...

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Hyderabad : Air ticket at Rs.2,500 for 500 km travel proposed in the draft civil aviation policy will be a game changer for the sector with India expected to add 50 new airports every year, Civil Aviation Secretary R. N. Choubey said on Wednesday.   He believes the 350 million strong...

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Kolkata : The National Insurance Company on Wednesday said it is "ready" if the government starts the process of listing of state-run general insurance companies in the stock exchanges.   "In principle, the government announced that government-owned companies would be up for listing....

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Saumya Tewari (IANS) 16 March 2016
The money allocated for key centrally sponsored social schemes — Integrated Child Development Services (ICDS), Sarva Shiksha Abhiyan (SSA or universal education programme) and National Health Mission — has declined 10 percent, 7.5 percent and 3.6 percent over two years.   Over the...

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Can the Bank employees shirk the responsibility of bad loans   Ten years ago, IDBI Bank was allowed to clean up its books by transferring bad loans worth Rs9,000 crore to a stressed assets stabilisation fund. But, since then, the Bank’s reckless advances and continued mischief has...

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New Delhi : The Trinamool Congress on Wednesday protested Lok Sabha Speaker Sumitra Mahajan's decision to refer the issue of a sting operation allegedly involving party leaders to the Ethics Committee of the lower house.   "You have referred the matter to the Ethics Committee. We...

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New Delhi : Thanks to government buying, the sale of tablet PCs in India rose marginally in 2015 with 4.4 million devices sold across the country -- registering a growth of 13 percent over 2014, a report said on Wednesday.   According to the "India Annual Tablet PC Market Review, CY...

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Agencies 15 March 2016
The real estate bill, which seeks to protect interests of property buyers against unscrupulous promoters and set up a sectoral watchdog is taken up for discussion in the Lok Sabha   The Lok Sabha on Tuesday discussed the Real Estate Regulator (Regulation and Development) Bill that...

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Agencies 15 March 2016
Congress workers in Allahabad have announced Rs10 lakh bounty on liquor baron Mallya, for leaving the country despite huge bank debts   Congress workers in Allahabad have announced a Rs10 lakh bounty on liquor baron and Rajya Sabha member Vijay Mallya after allegations surfaced about...

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Moneylife Digital Team 14 March 2016
Pfizer says it stopped manufacture and sale of its cough syrup Corex in India, which recorded a sale of Rs176 crore for first three quarters of FY2016   Pharmaceutical company Pfizer said it has decided to stop producing and selling its cough syrup Corex in India. This follows...

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Moneylife Digital Team 14 March 2016
The annual rate of inflation, based on monthly WPI, stood at -0.91% for February 2016, unchanged from January, shows official data    India's wholesale price index (WPI) based inflation remained in negative territory for the sixteenth straight month in February at (-) 0.91% against...

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Moneylife Digital Team 14 March 2016
The Bill could go a long way towards protecting interests of home buyers by facilitating more timely completion of projects and ensuring greater transparency, says the research note   The Real Estate Bill can bring greater credibility to the sector through more transparency as well as...

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How many organisations turned a blind eye to Vijay Mallya's bad loans   It is no surprise that the self-crowned King of Good Times, Vijay Mallya, still does not get it. “Why am I being made the poster boy for bad loans of banks?” he asks peevishly. Well, because you were immature...

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It is a 25-year old idea, but anger about the loot of public funds and fear of adverse court orders may finally lead to mergers among public sector banks   The more things change, the more they remain the same. When it comes to legal and economic reforms or infrastructure projects, we...

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New Delhi : India's factory output declined again in January, by (-)1.53 percent, moving down further from the (-)1.18 percent dip registered in the month before, official data showed on Friday. In comparison, there was a growth of 2.8 percent in January 2014.   As per data on index...

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Sunil Mahajan 11 March 2016
National income statistics measure what the producers get, which does not capture the entire value created. Estimation of consumers’ surplus remains elusive despite being very significant in value despite technological advances   It has become a cliché to say that change is the...

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