ECONOMY & NATION


There are options galore for saving on taxes. Raj Pradhan suggests that parents and senior citizens should invest with a long-term focus on family’s wealth and health    Every year, in the months of January-February-March (JFM), taxpayers rush to find the best possible ways to invest...

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Moneylife Digital Team 04 February 2016
RInfra sold its cement unit with a cement capacity of 5.08 Mtpa to Birla Corp for an undisclosed sum   Anil Ambani group company Reliance Infrastructure Ltd (RInfra) said it has signed a share purchase agreement with MP Birla group company Birla Corp Ltd to sell its cement unit. No...

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IANS 04 February 2016
New Delhi : Services sector expansion propelled economic activity in India during January, touching a 19-month high driven by firming up of underlying demand, a key macro-economic data showed on Wednesday.   The Nikkei Business Activity index climbed to a 19-month high of 54.3 last...

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IANS 04 February 2016
New Delhi : The annual expenditure on the 'One Rank One Pension' (OROP) scheme has been estimated at around Rs.7,500 crore, the defence ministry said on Wednesday.   The arrears from July 1, 2014 -- the date of implementation as announced by the government -- till December 31, 2015,...

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IANS 03 February 2016
New Delhi : The government will infuse around Rs.5,000 crore into state-run banks in the fourth quarter ending March 2016 to strengthen their balance sheets, a senior official said on Wednesday.   "As committed, banks will get infusion of funds in the fourth quarter of this fiscal....

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Moneylife Digital Team 03 February 2016
Increasing supply pressures and slow rural demand growth may put a squeeze   Fast-moving consumer goods (FMCG) companies are facing tough times, as is clear from the December quarter results of Hindustan Unilever Ltd (HUL), the FMCG behemoth, whose net sales grew just 3.2% y-o-y....

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Madras High Court asks SFIO to investigate, appoints official liquidator. But when will the stock exchanges and SEBI stir themselves?   On 21st January, the Madras High Court (MHC) ordered the liquidation of Helios & Matheson (H&M) and appointed an official liquidator to ensure...

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Moneylife Digital Team 02 February 2016
The special court has rejected anticipatory bail applications of two directors of Vihaan, Suresh Thimiri of Transview as well as Malcolm Desai and Michael Ferreira, the stakeholders of Vihaan that handles QNet's MLM operations in India   The special Maharashtra Protection of...

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Makemytrip faces coercive onslaught    Somewhere between two mega shows—Startup India and MakeInIndia—a senior executive of the travel portal makemytrip.com faced three needless days in jail and the humiliation it involves. This drastic and coercive action by the tax department was...

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IANS 02 February 2016
This follows decline in international prices of crude oil and petroleum products   Under-recoveries from kerosene sold through the public distribution system (PDS) would be Rs.5.11 per litre for February as against Rs.9.16 in January following decline in international prices of crude...

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IANS 01 February 2016
New Delhi : While state-run oil firms have revised the price of transport fuels from Monday in their fornightly price revision, Indian consumers have been deprived of the latest benefit of falling global crude oil prices owing to hike in excise duty on petrol and diesel on...

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Moneylife Digital Team 01 February 2016
The central bank is likely to monitor the targets and consider the rationale of any adjustments and thus would wait for the signals from the Budget, says DBS report   The Reserve Bank of India, which will announce its monetary policy on Tuesday, is most likely to keep the key rates on...

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IANS 01 February 2016
New Delhi : India's manufacturing activity registered acceleration in January, Nikkei's Purchasing Managers Index (PMI) data showed on Monday.   As per the monthly Purchasing Managers Index (PMI) survey conducted by Nikkei and market intelligence firm Markit, India's PMI rose from...

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IANS 01 February 2016
Tokyo : Japanese automobile giant Toyota on Monday announced it will suspend production in all its domestic assembly plants in the country for one week, after an explosion at a steel factory created a shortage of car parts.   The company said it will stop operations from February 8 to...

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IANS 01 February 2016
Washington, With an improvement of 1.6 points in its overall score, India was ranked 123rd in 2016 Index of Economic Freedom released by conservative US think tank Heritage Foundation here Monday.   Though still rated as "mostly unfree", India with a score of 56.2 out of 100 was among...

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IANS 29 January 2016
The Rs350 crore revenue group operates 60 eye hospitals in India, Africa and Cambodia   Eye care hospital chain group Dr. Agarwal's will be expanding its network in India, Africa, Middle East and southeast Asia with $45 million investment by private equity ADV Partners, said a senior...

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IANS 28 January 2016
New Delhi : The CBI on Thursday registered a case against two directors of a Gujarat-based private firm for allegedly causing a loss of Rs.374.49 crore to Bank of Baroda during 2014-15.   Sleuths of the Central Bureau of Investigation (CBI) also conducted raids at three places -- two...

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IANS 28 January 2016
New Delhi : The government has begun awarding road construction contracts following a simplification of procedures in this regard and plans to award a total of 10,000 km of road projects by the end of the current fiscal, Finance Minister Arun Jaitley said on Thursday.   "All...

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IANS 28 January 2016
New Delhi : Nineteen stalled highway projects, some stuck for almost a decade, and involving investment held up of around Rs.40,000 crore, could be resolved following an ongoing stakeholders meeting here, Road Transport and Highways Minister Nitin Gadkari said on Thursday.   "We are...

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IANS 28 January 2016
New Delhi : The government on Wednesday announced a 10 percent purchase preference for local products in all petroleum sector contracts towards boosting the share of domestic manufacture in projects awarded by state-run oil and gas companies.   "Based on discussions within an internal...

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