ECONOMY & NATION


IANS 03 December 2015
Indian power generators' capacity utilisation will be limited by the financial weakness of offtakers   The outlook for India's power sector remains negative due to evident structural challenges, Moody's Investors Service said on Thursday, while assigning a stable outlook for the power...

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IANS 03 December 2015
Going overdrive in the defence manufacturing space, Anil Ambani-led Reliance Group has applied for as many as 16 more licences in areas ranging from missiles to radar, barely two weeks after it got conditional nod for 12 requests to make aircraft, choppers and more.   "We have applied...

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IANS 03 December 2015
Leading car makers Hyundai, Ford and Renault-Nissan were forced to suspend operations on Wednesday, as torrential rains flooded their production plants in the Tamil Nadu capital.   "Production work has been suspended for the day, as rain water gushed into the plant and our employees...

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IANS 02 December 2015
The Reserve Bank of India on Wednesday said it has signed an agreement with Britain's Prudential Regulation Authority and Financial Conduct Authority for supervisory cooperation and exchange of information.   "The Reserve Bank signed separate Memoranda of Understanding (MoUs) on...

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IANS 02 December 2015
The central government on Wednesday said that it will carry out extensive checks on all diesel passenger vehicles in the country within the next six months to ascertain if any violations of emission norms have taken place.   The decision to go in for a massive drive to check all the...

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IANS 02 December 2015
A visibly upset Prime Minister Narendra Modi left the Lok Sabha on Wednesday as opposition members created a din demanding the sacking of minister V.K. Singh.   After some 40 minutes of uproar, during which Speaker Sumitra Mahajan's repeated requests to the protesting MPs to calm down...

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IANS 02 December 2015
American consultants DeGolyer & MacNaughton have submitted their final report on the gas dispute between state-run explorer ONGC and Reliance Industries (RIL) that says natural gas worth over Rs.11,000 crore has migrated from ONGC's idling KG fields to RIL's adjoining KG-D6 block, an official...

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Moneylife Digital Team 01 December 2015
While keeping key rates unchanged, the RBI said some indicators suggest the economy is in the early stages of a recovery, though with some areas of continued weakness   The Reserve Bank of India (RBI), in its fifth bi-monthly credit policy review on Tuesday has kept repo, reverse...

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IANS 01 December 2015
The three state-run oil marketing companies on Monday reduced petrol and diesel prices. Petrol and diesel will be cheaper by Rs.0.58 and Rs.0.25 per litre respectively in the national capital.   The reduction will be effective from midnight Monday.   Making the...

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IANS 01 December 2015
American Ratings agency Fitch on Monday maintained a stable outlook for state-run power utilities - NTPC PowerGrid and NHPC - saying the implementation of the government's UDAY debt recast and reform package is key to their ratings outlook in future.   "Successfully addressing the...

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IANS 01 December 2015
Aiming to encourage the flow of foreign funds into India, the country's central bank on Monday revised a major guideline which administered the oversees borrowing limits for India Inc.   The Reserve Bank of India (RBI) said that it has revised the framework governing the external...

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IANS 01 December 2015
India requires a whopping $2.8 trillion investment to meet its growing energy needs in the coming years, with 75 percent of that for the power sector, a special report by the International Energy Agency (IEA) said on Monday.   "India's energy needs require a huge commitment of capital...

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IANS 01 December 2015
GE Transport India managing director Nalin Jain and Railway Board director (mechanical works) Jayant Kumar signed for Marhowra plant, while Alstom Transport India managing director Bharat Salhotra and Railway Board executive director (electrical development) Sudheer Kumar signed for Madhepura...

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IANS 30 November 2015
A select industrial output index for October showed a marginal growth for the country's eight core industries (ECI) on Monday.   The ECI showed a marginal growth on a month-on-month basis of 3.2 percent in October. The select industrial output data showed a similar 3.2 percent growth...

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IANS 30 November 2015
India's fiscal deficit has touched 74 percent of the annual target as on end-October, even as tax revenue is below the half-way mark, as per the latest official estimates of the central government accounts released on Monday.   As per the Controller General of Accounts, as...

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IANS 30 November 2015
Leaders of power sector national federations would meet in Delhi on Tuesday to finalise their strategy for a day-long strike on December 8 against the proposed Electricity (Amendment) Bill, 2014.   The strike is to be observed by power employees, engineers and contract...

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IANS 30 November 2015
The fifth bi-monthly monetary policy review of the current fiscal by the Reserve Bank of India, to be announced on Tuesday is unlikely to propose any further rate cuts, analysts aver.   In its previous policy review on September 29, the central bank cut the repo rate, at which it...

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IANS 30 November 2015
Ahead of the Reserve Bank of India's fifth bi-monthly policy review for this fiscal next week, industry chamber CII on Sunday said the country's overall financial conditions have shown a healthy improvement, thanks to low cost of funds, strong liquidity, better external financial linkages and...

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IANS 27 November 2015
Noting the massive stressed assets of state-run banks, Prime Minister Narendra Modi in October said the government would infuse Rs.70,000 crore in these banks in the next few years   The government plans to set up a high-powered committee to deal with the issue of non performing...

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Moneylife Digital Team 27 November 2015
Under-investment in Indian Railways over past 60 years has hurt passengers as well as the country’s manufacturing competitiveness. Rail Minister Suresh Prabhu’s promise to increase the spend by almost 285% over next five years will turnaround the transportation behemoth, says Morgan...

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