ECONOMY & NATION


Moneylife Digital Team 17 December 2014
The Modi government is reportedly ‘requesting’ banks to fund SpiceJet when the money is certain to be wasted. The UPA government at least, did not publicly put pressure on banks to lend to Kingfisher Airlines   Prime Minister Narendra Modi has stated repeatedly that the government has...

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Moneylife Digital Team 17 December 2014
Noting that reforms could boost India's growth further, ADB revised India's projected growth up from 5.3% to 5.5%   Weighed down by a slowing China, Asian developing economies were expected to grow at 6.1% this year, said the Asian Development Bank. However, the ADB also said that...

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Moneylife Digital Team 17 December 2014
Ford to recall EcoSport units made at Chennai plant between January 2013 and September 2014   Ford India announced that it would recall 20,752 units of its popular compact-sports utility vehicle, branded EcoSport. The recall has to do with multiple issues in units that were assembled...

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Although the government had made it mandatory for oil companies to blend 5% ethanol with petrol, it was not fully implemented due to the high prices of ethanol   The uncertain conditions in the Sugar Industry received an unexpected boost when the Cabinet Committee on Economic Affairs...

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Moneylife Digital Team 16 December 2014
Gold imports stood at $5.61 billion in November this year as against $835.83 million in the corresponding month in 2013, according to the data released by the Commerce Ministry   The Ministry of Commerce and Industry released figures of India's balance of trade yesterday, 16...

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Moneylife Digital Team 15 December 2014
The Reserve Bank allowed banks to flexibly structure existing project loans of over Rs500 crore in infrastructure and core industries with the option to periodically refinance the project   The Reserve Bank of India (RBI) has allowed banks to flexibly restructure existing long term...

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Moneylife Digital Team 15 December 2014
Can the DGCA and the government act in time to save the ailing carrier or will they let it fail?   Spicejet representatives met Aviation Minister Ashok Gajapthy Raju today to look for ways to keep the airline from going bust.   As reported by Moneylife earlier, (

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Moneylife Digital Team 15 December 2014
With inflation easing and many countries teetering on deflation, industry pushes for rate cuts, while consumers wait for the benefits to be passed on to them   Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline...

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With rising concerns on the health of banks and a flagging global economy, our PSBs need to act as engines of growth and not political piggy-banks   These suggestions discuss improving the financial performance of banks, and also improving their performance in terms of improved...

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It is possible that work on Indo-French Rafale combat aircraft may start soon!   After a series of serious tests and studies, in 2012, India selected the Dassault Rafale medium multicore combat aircraft as suitable for the Indian Air Force. Almost two years have passed in sorting out...

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Yerram Raju Behara 12 December 2014
The real drivers of employment and growth in India are not the exalted corporates, but MSMEs, its time to stop giving them a raw deal   The clock is ticking fast for action by the Bharatiya Janata Party (BJP) lead government's action on job-oriented growth. The BJP manifesto also...

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Moneylife Digital Team 12 December 2014
Koda was chargesheeted for offences of criminal conspiracy and cheating   Former Jharkhand chief minister Madhu Koda was chargesheeted on Friday, as accused by the Central Bureau of Investigation (CBI), in the coal blocks allocation scam case.   Koda was chargesheeted for...

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Moneylife Digital Team 11 December 2014
The income-tax (I-T) department has jurisdiction in the Rs8,500 crore transfer-pricing tax dispute involving the sale of its call centre business to Hutchison in 2007   The Income Tax Appellate Tribunal (ITAT) has ruled that that the income-tax (I-T) department has jurisdiction in the...

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Moneylife Digital Team 11 December 2014
Following Wednesday's Cabinet decision to stop endlessly funding PSBs, SBI's Arundhati Bhattacharya spoke about this opportunity for wider reform   SBI chairman Arundhati Bhattacharya said that the government's decision to stop funding public sector banks (PSBs) will lead to...

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Moneylife Digital Team 10 December 2014
Wisdom Agro Tech India Limited had been collecting funds from the "customers/investors” for its land schemes, prima-facie violating the provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999   S Raman, whole time member, SEBI, has passed an order on...

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Moneylife Digital Team 10 December 2014
VAYA is a business correspondent which facilitates savings and loans for self-help groups of women on behalf of banks   Vikram Akula, the controversial founder and former chairperson of SKS Microfinance, who was removed from SKS Microfinance after the Andhra Pradesh microfinance...

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Moneylife Digital Team 09 December 2014
Reliance Industries' latest JV promises to shake up a staid textile sector, in the first significant Indo-China industry co-operation since PM Modi's visit   In a statement today, Reliance Industries Limited said that it was entering into a joint venture with Shandong Ruyi Science and...

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A reference needs to be made for a quick policy review on coal bed methane -CBM, so that, when the coal blocks are allotted, it is imperative for the allottees to plan work on simultaneous extraction of CBM, when they start the mining operation   In line with the Supreme Court...

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Moneylife Digital Team 09 December 2014
During November, vehicle sales across categories increased 5.03% to 16.03 lakh units from 15.27 lakh units same month last year   India's domestic passenger car sales during November 2014 increased 9.52%to 1.56 lakh units compared with 1.43 lakh units in the year-ago month.  

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Moneylife Digital Team 08 December 2014
Families of Narayana Murthy, Nilekani, K Dinesh and SD Shibulal have offloaded their shares resulting Infosys to tumble 5% to Rs1,968 on Monday   Infosys Ltd's four founder families including NR Narayana Murthy, Nandan Nilekani, Dinesh Krishnaswamy and SD Shibulal have sold some of...

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