ECONOMY & NATION


IANS 18 December 2015
The Congress on Thursday said its leaders and supporters have been directed not to throng Delhi on December 19 when party president Sonia Gandhi and vice president Rahul Gandhi are scheduled to appear in a trial court here in the National Herald case.   "The Congress has made it clear...

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IANS 18 December 2015
Petroleum Minister Dharmendra Pradhan on Thursday said a committee under Law Commission chairman A.P.Shah, has been set up to recommend compensation to ONGC to protect the government interest following American consultant's report on its natural gas from its Bay of Bengal block migrating to...

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IANS 17 December 2015
Minority shareholders of Maruti Suzuki India Ltd.'s (MSIL) have cleared the company's proposal to source cars to be made by sister company Suzuki Motor Gujarat Pvt. Ltd. (SMG), a wholly-owned subsidiary of Suzuki Motor Corporation, Japan.   According to MSIL, 89.75 percent of the...

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IANS 17 December 2015
The finance ministry will shortly roll out the final draft of the Goods and Services Tax (GST) bill after drastically pruning the list of central exemptions, an official said here on Thursday.   "The government will roll out the final GST draft paper in the public domain very soon,"...

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IANS 17 December 2015
Global internet search engine giant Google will train two million new Android developers in the next three years, its chief executive Sundar Pichai said here on Thursday.   Pichai is on a three-day visit to India.    Speaking at the Shri Ram College of Commerce (SRCC), the...

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IANS 17 December 2015
Air India on Thursday de-rostered the pilot and co-pilot of an aircraft whose live engine sucked in a maintenance engineer leading to his horrific death, official sources said here.   The pilot and co-pilot have been taken off flying duties pending the inquiry being conducted by the...

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IANS 17 December 2015
The Enforcement Directorate (ED), which is probing the chit fund scam in West Bengal, on Thursday grilled Seema Singh, a top official of the Rose Valley group which is alleged to have illegally raised public money.   Seema Singh, the head of the company's human resource department...

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IANS 17 December 2015
Finance Minister Arun Jaitley is involved in corruption in the Delhi and District Cricket Association (DDCA), Delhi's ruling Aam Aadmi Party (AAP) said on Thursday.   "Arun Jaitley is involved in the corruption in DDCA," AAP's Kumar Vishwas told the media here.   Raghav...

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IANS 17 December 2015
India is better placed than many of its peers after the American central bank - the US Federal Reserve - raised its key interest rates, said credit rating agency Fitch Ratings on Thursday.   "India is not immune to potential general emerging market jitters related to the Fed lift-off,...

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IANS 17 December 2015
The Enforcement Directorate (ED) on Wednesday conducted raids in Chennai at the premises of firms allegedly connected to former finance minister P. Chidambaram's son Karti.   Karti said neither he nor his family were shareholders in any of the firms, while Chidambaram issued a...

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IANS 17 December 2015
 In a historic move, America's central bank, the US Federal Reserve, for the first time in nearly a decade raised its key interest rate from a range of 0 percent to 0.25 percent to a range of 0.25 percent to 0.5 percent   Wednesday's rate hike though a small one, is seen as a sign of...

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Moneylife Digital Team 16 December 2015
If the normalisation cycle of the US interest rates is accompanied by a stronger dollar, higher real rates or a bout of weak foreign sentiment, India’s unfavourable external debt profile would emerge as a source of concern   Markets put the odds of US rate lift-off this week at...

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Moneylife Digital Team 16 December 2015
It can retain oversubscription of Rs9000 crore. The NHAI bonds proposed to be issued have been rated ‘IND AAA’ by IRRPL, 'CARE AAA’ by CARE,  "[ICRA] AAA” by ICRA and ‘CRISIL AAA/Stable’ by CRISIL, according to a press release from NHAI   National Highways Authority of India (NHAI)...

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IANS 16 December 2015
Anti-corruption and social activist Anna Hazare on Wednesday said the Centre should have taken action earlier over any complaints against Rajendra Kumar, principal secretary to the Delhi chief minister, and Arvind Kejriwal should have checked the officer's background before appointing...

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IANS 16 December 2015
 With the Indian basket of crude oils going below $35 a barrel, the government on Wednesday hiked excise duty on petrol by 30 paise a litre and on diesel by Rs.1.17 to gather additional revenue of Rs.2,500 crore.   Basic excise on unbranded petrol has been increased from Rs.7.06 per...

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IANS 16 December 2015
The Supreme Court on Wednesday said the testing of Maggi noodles samples as directed by National Consumer Disputes Redressal Commission (NCDRC) will now be undertaken by the Mysuru-based Central Food Technological Research Institute lab.   An apex court bench of Justice Dipak Misra...

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IANS 16 December 2015
With the Indian basket of crude oils going below $35 a barrel, state-run Indian Oil Corp (IOC) on Tuesday announced price cuts on petrol by 50 paise a litre, and of diesel by 46 paise in Delhi, with corresponding decrease in other states, effective midnight.   "The current level of...

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IANS 16 December 2015
In what could become a significant respite to travellers flying in and out of the national capital, the levy for airport charges on passengers and airlines has been proposed to be slashed by around 96 percent.   The new tariff rate for the second control period which formally runs...

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IANS 16 December 2015
The government is poised to raise Rs.10,000 crore revenue annually from levy of the 0.5 percent Swachh Bharat cess (SBC), parliament was told on Tuesday.   Though the government did not fix any target for SBC in the current or upcoming fiscal years, revenue is expected to touch...

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IANS 16 December 2015
The Supreme Court on Tuesday sought the central government's response on Nestle India's plea challenging the "legality and correctness" of the National Consumer Disputes Redressal Commission (NCDRC) order directing testing of 16 samples of Maggi noodles to ascertain their safety for...

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