ECONOMY & NATION


The wheat procurement process in Punjab and Haryana, which officially begins on April 1, is likely to be delayed as the crop has still not ripened for harvesting   The damage caused to the standing wheat and fruit crop by unseasonal rains in the past four to six weeks has started to...

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In his budget, the finance minister announced the government would sign the Monetary Policy Framework Agreement with the RBI for controlling inflation, which will become a law providing for a monetary policy committee   The Reserve Bank of India (RBI) is widely expected to leave the...

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The project is backed by a long-term gas supply agreement with ONGC, while the power off-take is on a long term basis with the 7 northeast states   India Infrastructure Fund II will acquire 23.5% stake worth about Rs.426 crore in ONGC Tripura Power Company (OTPC), jointly promoted by...

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The new policy has come at a time when India's merchandise exports continue to log a decent growth, having expanded by just 0.88% in the first 11 months of the current fiscal   With Prime Minister Narendra Modi's "Make in India" initiative in the backdrop and a target of raising...

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The new policy has come at a time when India's merchandise exports continue to log a decent growth, having expanded by just 0.88% in the first 11 months of the current fiscal   With Prime Minister Narendra Modi's "Make in India" initiative in the backdrop and a target of raising...

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Moneylife Digital Team 01 April 2015
The 2003-05 cycle also saw a pickup in growth along with low and stable inflation, similar to the current cycle and sustained deceleration in inflation would provide room for more monetary easing, feels Morgan Stanley    The current cycle of growth pickup and low and stable inflation...

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Moneylife Digital Team 01 April 2015
Indian airlines operator Spicejet on Wednesday said it has agreed to settle out-of-court the dispute over five aircraft rentals with lessors managed by BBAM Aircraft Leasing and Finance.   "Spicejet... has entered into an in-principle understanding with its five lessors managed by...

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With Prime Minister Narendra Modi's "Make in India" campaign in the backdrop, India's new five-year Foreign Trade policy was unveiled on Wednesday.   Declaring that she wants to "make India a significant factor in world trade by 2020, Commerce Minister Nirmala Sitharaman announced the...

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The farm equipment division of Indian automotive-maker Mahindra and Mahindra on Wednesday said its total tractor sales for March fell by 31 percent at 12,254 units against 17,673 for the same month last year owing to dampened demand.   Domestic sales of tractors fell by 37 percent at...

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RTI activist Vijay Kumbhar was threatened on Monday afternoon, by a corporator-builder during file inspection under RTI at the Pune Municipal Corp    Threats and assaults on Right to Information (RTI) activists have unfortunately become a common phenomenon across the country and one...

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The Hyderabad-based firm said it entered into a definitive agreement to acquire a select portfolio of the established products in India, Nepal, Sri Lanka and the Maldives   Pharma major Dr Reddy's Laboratories on Wednesday announced it will acquire a select portfolio of the...

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According to the company, in fiscal 2014-15 the industry continued to remain sluggish due to the overall market sentiments and the slowing rural economy   Two-wheeler major Hero MotoCorp Wednesday reported an increase of 6.2% in its sales for 2014-15, which stood at 6,631,826 units...

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Automobile manufacturer Maruti Suzuki Wednesday reported an increase of 11.9 percent in its total sales for 2014-15, which stood at 1,292,415 units from 1,155,041 units sold in the previous fiscal.   According to the company, domestic sales during the year ended March 31, 2015, grew...

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The defaulters' names were put up on the department's website last week, while a senior official told IANS here that the newspaper notice, apart from being a novel way of shaming defaulters, would also help in tracing them   With the curtains coming down on the current fiscal, the...

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Following passage of the law increasing the maximum limit of foreign direct investment in the insurance sector from 26 percent to 49 percent, the State Bank of India (SBI) on Tuesday said it is reducing its existing stake in SBI Life Insurance by a maximum of ten percent.   "The...

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Dhirendra Swarup, architect of NPS wants to you to be taxman’s guinea pig   The National Pension Scheme (NPS) was launched in 2004, as a defined-contribution-based pension system, which would nudge people into long-term savings, that would provide a comfortable retirement income....

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Unsold flats, incomplete projects but still a lack of sensible pricing and clear regulation   There is no sign of achche din for India’s middle-class home-buyers. Property prices have spiralled so high that few have been able to afford an apartment within a reasonable commute to work,...

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Rajasthan chief secretary CS Rajan said the embassies and the high commissioners of different countries where roadshows are proposed have been contacted and the final programme of the roadshows would be prepared soon   With an aim to bring investment in the state, the Rajasthan...

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As India does not have too many large domestic institutional investors, a well-endowed domestic pension fund will be the panacea for a robust and sustainable capital market, SEBI chairman U.K. Sinha said on Monday.   "A well endowed domestic pension fund in India will be the panacea...

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Terming the Indian government's decision last week to allow gas-based power units lying idle to import feed stock through e-auctions as "credit positive", rating agency Moody's on Monday said the move will benefit banks as they have significant exposure to such plants.   "The...

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