ECONOMY & NATION


Moneylife Digital Team 26 February 2015
Suresh Prabhu, presenting his first Railway Budget, refrained from populist measures like announcing new trains. Although there is no increase in passenger fare, freight rates for coal, cement, iron, and steel have been increased   While keeping subsidised passenger fares unchanged,...

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In the long-run, polymer currency notes can help the government to make counterfeiting practically impossible and reduce black money in circulation   The question of introducing polymer currency notes, in lieu of paper currency now in circulation, has been debated for more than two...

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Moneylife Digital Team 26 February 2015
Suresh Prabhu has set four goals to transform Indian Railways over the next five years, including delivery of a sustained and measurable improvement in customer experience and to make railway a safer means of travel   Presenting his maiden Railway Budget, Suresh Prabhu, the chartered...

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Vinod Kothari  and   Nidhi Bothra 26 February 2015
Will Finance Minister Arun Jaitley provide some clarity on different and confused tax provisions, especially for investment vehicles such as mutual funds, trusts and private equities in the Budget 2015?   All over the world, there are clear rules for being eligible for pass-through...

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Vinod Kothari  and   Nidhi Bothra 25 February 2015
Financial markets are hopeful that the Budget will clarify different and confused tax provisions regarding investment vehicles such as mutual funds, trusts and private equities   All over the world, there are clear rules for being eligible for pass-through status, but unfortunately,...

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Moneylife Digital Team 25 February 2015
According to analysis done by ADR and NEW, on an average, BJP received Rs13.19 lakh per unique donor, Congress received Rs11.70 lakh, NCP received Rs1 crore while CPI and CPM received Rs3.23 lakh and Rs4.03 lakh, respectively per unique donor   Bharatiya Janata Party (BJP) has...

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Once the Budget provides some tangible relief to civil aviation sector, chances are that some airlines would come forward to adopt certain airports as their own, establish their hubs, look at regional connectivity closely and help generate employment opportunities   The general...

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Moneylife Digital Team 24 February 2015
The move to take possession of 17,000-sqft Kingfisher House at Vile Parle, is part of the efforts by the consortium to recover Rs6,800 crore loan they had granted to long-grounded Kingfisher Airlines   Clamping down on Vijay Mallya-led United Breweries (UB) Group to recover loans,...

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Moneylife Digital Team 24 February 2015
According to IDC, during October-December 2014 quarter, Samsung maintained its leadership in India in smartphone and feature phone category    For the first time, India's smartphone market fell by 4% during the October-December period compared with the previous quarter, research...

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Moneylife Digital Team 24 February 2015
As per the increased devolution suggested by the 14th Finance Commission, states will get a share of Rs3.48 lakh crore in 2014-15 and Rs5.26 lakh crore in 2015-16 in central taxes   The Finance Commission has suggested raising share of states, including taxes and grants, in central...

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Moneylife Digital Team 24 February 2015
The Rs500 crore properties would be in addition to the properties worth Rs1,050 crore which have already been attached by ED   The Enforcement Directorate (ED), which is probing the money trail in the Saradha ponzi scam will further attach properties worth Rs500 crore.   "We...

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It is time that some major relief provisions are made in the ensuing Budget for the sugar industry, which is in the doldrums for long   At long last, after months of delay, the Cabinet Committee on Economic Affairs (CCEA) has approved the extension of subsidy for raw sugar export to...

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Moneylife Digital Team 23 February 2015
Congress has been performing badly at the hustings, which started with the Lok Sabha elections last year and continued in the Assembly elections in various states, including Delhi   Congress Vice-President Rahul Gandhi has gone on a sabbatical “for a few weeks” to reflect upon recent...

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When PM Modi visits China in May President Xi Jinping will seek his pound of flesh, by demanding entry into SAARC as a full-fledged member. Xi Jinping also wants to settle the border issues, to the satisfaction of China, if India wants their support to become a permanent member of the UN...

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Moneylife Digital Team 20 February 2015
Hours before the crucial trust vote, Jitan Ram Manjhi has reportedly resigned as Bihar's chief minister   Jitan Ram Manjhi has reportedly resigned as chief minister of Bihar, hours before the crucial trust vote in the state assembly.    Manjhi, who was expelled by the JD (U)...

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Moneylife Digital Team 19 February 2015
The Cabinet Secretary directed top bureaucrats in all ministries to refrain from holding conferences and meetings in five-star hotels   Union cabinet secretary Ajit Seth has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding...

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Moneylife Digital Team 19 February 2015
Most of the banks are seeing muted loan growth this fiscal as the economy is yet to pick up   Indian commercial banks’ credit grew 10.38% to Rs64.42 lakh crore in the fortnight to 6th February, shows data from the Reserve Bank of India (RBI).   The advances were at Rs58.36...

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TruthInAdvertising.org 19 February 2015
Over-the-top weight-loss claims abound in this ad for a dietary supplement powder   We’re big fans of Grandma. So when we came across this ad on foxnews.com claiming to reveal an octogenarian’s weight-loss secret, we had to click (we’re also big fans of secrets).   The ad...

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Moneylife Digital Team 18 February 2015
Nippon will be investing about Rs657 crore to acquire an additional stake of 9% in RCAM in the first tranche, to reach a 35%. The transaction pegs Anil Ambani-led RCAM’s valuation at Rs7,300 crore   Reliance Capital Asset Management (RCAM) on Wednesday said that it has completed the...

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Aman Nijhawan 18 February 2015
Core investment companies registered as NBFCs mainly invest in assets of group companies rather than lending to borrowers. Therefore exempting them from providing borrowers’ data to credit bureaus is a welcome relief for such companies   The Reserve Bank of India (RBI) through a...

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