ECONOMY & NATION


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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The Chinese economy is slowing. Producer prices in China have been falling for nearly three years. Consumer prices have dropped to a five-year low making the Eurozone’s problems with deflation look tame   In the United States in July of 2008, a litre of gas reached an all-time high of...

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Moneylife Digital Team 04 December 2014
A committee headed by DG of CEIB has been formed to study modalities of trade based money laundering and device methods to deal with problems   To curb the menace of illicit fund flows, the Indian government has set up a high level panel that will look into trade-based money...

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Moneylife Digital Team 04 December 2014
Goldman Sachs also said that it expects crude oil to climb up to $85 in 2015, while giving a positive outlook to India's prospects   The Indian economy will grow at 6.3% in 2015, said Tushar Poddar, India economist, Goldman Sachs. He expects India to become the fastest growing...

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Moneylife Digital Team 04 December 2014
With the latest deal, Sahara has come a step closer to raising the Rs10,000 crore that the SC had stipulated in order to secure bail for its chief, Subroto Roy   Sahara sold a big land parcel at the outskirts of the national capital for Rs1,211 crore to Gurgaon-based developer M3M...

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Moneylife Digital Team 04 December 2014
Shiv Sena has been assured of five cabinet rank posts and seven ministers of state in the Fadnavis government in Maharashtra   Uddhav Thackeray-led Shiv Sena on Thursday finally decided to join the Bharatiya Janata Party (BJP) government in Maharashtra. On Friday, 12 members of...

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If the export subsidy of Rs3,300 per tonne is given, by extending the scheme, and bearing in mind the growing sugar stocks on hand, it would bring great relief to the industry   As per details released by the Indian Sugar Mills Association (ISMA), 45 mills, including 14 cooperatives...

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