ECONOMY & NATION


IANS 10 December 2015
The central government on Thursday clarified the income tax returns filed by foreign institutional investors (FII) and foreign portfolio investors (FPI) will be processed on certain conditions even if the balance sheet and profit/loss account are not filled.   In a statement...

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IANS 10 December 2015
Starting with President Barack Obama, the US is making a concerted effort to seek common ground with India with assurances to help countries adapt to the impacts of climate change, says the White House.   It "is quite entirely unfair to the Indians" to "describe them as the biggest...

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IANS 10 December 2015
Indian telecom watchdog TRAI on Wednesday said that differential pricing of data services by various operators might potentially go against the principle of non-discriminatory tariff and sought comments/opinion from stakeholders.   In a consultation paper, the Telecom Regulatory...

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IANS 10 December 2015
India's official auditor, the Comptroller and Auditor General (CAG), on Wednesday censured state-run Oil and Natural Gas Corp (ONGC) for poor planning in hiring and use of drilling rigs that resulted in a loss of Rs.7,995 crore.   In a report tabled in parliament, the CAG said...

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Moneylife Digital Team 10 December 2015
Brokerages are bullish on the steel sector but their optimism may be misplaced   The steel industry is in a bad shape. The Composite Steel Price Index (CSPI) (for the Chinese domestic market) released by China Iron and Steel Association (CISA) for the month ended 31 October 2015...

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Moneylife Digital Team 10 December 2015
UPL has been a stellar wealth creator. Will the party continue?   UPL, the 11th largest agro-chemicals company globally, recently announced its decision to merge its associate Advanta with itself. Advanta is the 11th largest seed company in the world manufacturing and distributing...

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IANS 09 December 2015
Emerging markets, with the exception of India, are facing the fifth consecutive year of slow growth, a latest World Bank report has said.   According to report, the slowdown is expected to continue for some time.   "After enjoying years of enviable economic performance,...

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IANS 09 December 2015
The government on Wednesday said it will set up 100 more flood forecasting stations across the country.   "The Central Water Commission (CWC) under the ministry of water resources, river development and Ganga rejuvenation will set up 40 flood forecasting stations," the ministry said...

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Government gets an opportunity to make corrections in the financial planning exercise every year. What can it do next year?    As we move towards the annual Budget for 2016-17, there is a need for a prudent 'Asset Liability Management' (ALM) approach in handling government finances....

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Arun Kumar (IANS) 09 December 2015
 With an average annual outflow of $51.03 billion, India is the fourth biggest exporter of illicit capital over a decade with such financial flows surging to $1.1 trillion in 2013, according to a new report.   China, with $139.23 billion average annually ($1.39 trillion cumulative),...

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IANS 08 December 2015
Oil prices went below the $40-mark for the second time within a month on the previous trading day on Monday, following a decision of the Organisation of Petroleum Exporting Countries (Opec) late last week to keep producing optimally in an already saturated market.   As per latest OPEC...

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IANS 08 December 2015
A court here on Tuesday asked Congress chief Sonia Gandhi, vice president Rahul Gandhi and others to appear on December 19 in connection with a complaint filed by BJP leader Subramanian Swamy in the National Herald newspaper case.   Metropolitan Magistrate Lovleen also granted them...

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Niddhi Parmar 08 December 2015
With DIPP clarifying on 100% FDI under automatic route in white label ATMs, foreign-owned or controlled NBFCs can offer these services without approvals    In order to expand the reach of ATMs to smaller centres, the Reserve Bank of India (RBI) had given its nod to non-bank entities...

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IANS 08 December 2015
 A court here on Monday issued fresh summons to four accused including Malaysian businessman T.A Ananda Krishnan in the Aircel-Maxis deal case.   Central Bureau of Investigation Special Judge O.P. Saini issued fresh summons to Krishnan, Augustus Ralph Marshall and two accused...

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IANS 08 December 2015
Around 50 small shareholders of Japanese tech giant Toshiba on Monday sued the company's former executives over damages from the fall in share prices owing to illegal accounting practices.   They sued the company's three former presidents and two former chief financial officers for a...

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IANS 07 December 2015
Maintaining a stable outlook for India, ratings agency Fitch on Monday said the country's economy will grow by 7.5 percent in the current fiscal that will stand out globally, but warned that its business environment would remain weak despite improvements.   It has also forecast an 8...

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IANS 07 December 2015
The Shiv Sena on Monday demanded the resignation of Maharashtra Advocate General Shrihari Aney for propounding the cause of a separate Vidarbha state, even as pro-Vidarbha groups rushed to his support.   Sena MP Sanjay Raut made the demand while reacting to Aney's statement seeking a...

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Shruti Agarwal 04 December 2015
A new set of consolidated guidelines are applicable to both the export and import transactions   In order to exercise regulatory control over e-commerce transactions, specifically to the cross border transactions, Reserve Bank of India (RBI) vide its circular dated November 16, 2010...

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Moneylife Digital Team 04 December 2015
PM Modi, while criticising divestment or closure of loss-making state-run firms, said that if labour strike happens then there will be a photo on the front page saying 'Modi murdabad, Modi murdabad'. This will not do.   The government can look at corporatising state-run firms as an...

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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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