ECONOMY & NATION


New Delhi : Elections to the 126-member Assam assembly will be held in two phases on April 4 and 11, the Election Commission said on Friday.   "In the first phase, voting will be held in 65 constituencies and remaining 61 constituencies in the second phase," Chief Election...

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New Delhi : The Election Commission on Friday announced a six-phase polling for the 294-member West Bengal assembly.   Chief Election Commissioner Nasim Zaidi said West Bengal will see balloting on seven dates despite a six-phase election: April 4, 11, 17, 21, 25 and 30 and May...

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Chennai/New Delhi : The gems and jewellery industry on Friday decided to extend their strike till March 7 in protest against the central government's decision to inpose excise duty.   In a statement the All India Gems and Jewellery Trade Federation (GJF) said the senior office bearers...

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New Delhi : Assembly elections in Assam, West Bengal, Kerala, Tamil Nadu and Puducherry will be held in April and May, Chief Election Commissioner Nasim Zaidi announced on Friday.   While Assam will have a two-phase election on April 4 and 11, West Bengal will see balloting on seven...

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New Delhi : The Supreme Court on Friday refused to pass any interim order on call drop issue as it will hold a hearing on March 10 on a plea challenging the regulator's decision to compensate subscribers for call drops.   The Cellular Operators Association of India (COAI) and the...

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New Delhi : None of the above (NOTA) will now have a symbol on the Electronic Voting Machines for the upcoming assembly elections in five states, Chief Election Commissioner Nasim Zaidi said here on Friday.   Disclaimer: Information, facts or opinions expressed in this news article...

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Bhubaneswar : The CBI has interrogated a senior police officer of Odisha in connection with Seashore chit fund scam in which lakhs of investors were allegedly duped of money totalling about Rs.1,500 crore, said an official of the probe agency on Thursday.   Inspector General (central...

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New Delhi : Giving relief to taxpayers, the Central Board of Direct Taxes (CBDT) on Thursday issued fresh guidelines to field officers for granting stay of demand at the first appeal stage, an official statement said.   "Under the new guidelines, the assessing officer shall grant stay...

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New Delhi : Following the union budget 2016-17 proposal to incentivise gas exploration in difficult areas, the government is set to raise the price of domestic natural gas by around 60 percent for their undeveloped gas discoveries from such areas, an official source said on...

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Moneylife Digital Team 03 March 2016
AIBEA has written to the Finance Minister opposing the privatisation of IDBI Bank, according to a release form CH Venkatachalam, General Secretary, AIBEA   All India Bank Employees Association (AIBEA) opposed the privatisation of IDBI Bank, in spite of the frequent statements to the...

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New Delhi : The union budget 2016-17, with the target of holding the next fiscal's deficit at 3.5 percent of GDP, has given space to the Reserve Bank of India (RBI) to ease interest rates, union Minister of State for Finance Jayant Sinha said on Thursday.   "Macroeconomic stability is...

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New Delhi : India's services sector activity fell to a three-month low amidst subdued growth in new orders, a key macro-economic data showed on Thursday.   The Nikkei Business Activity index fell to a three-month low of 51.4 in February, from 54.3 in January, adding to expectations of...

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Bengaluru : Liquor baron Vijay Mallya will on Thursday file objections to the State Bank of India's (SBI) interlocutory application (IA) before the debt recovery tribunal seeking his arrest in the defunct Kingfisher Airline's multi-crore-rupee loan default case.   "We are filing our...

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Mumbai : CBI Director Anil Sinha on Wednesday gave an earful to chiefs of top banks and financial institutions for the crises and scams plaguing the country's banking and financial sectors.   In a no-holds barred speech in the presence of Maharashtra Chief Minister Devendra Fadnavis,...

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Arun Kumar (IANS) 02 March 2016
The IMF projections came in a report on its Executive Board's Article IV annual bilateral discussions following a visit by a staff team on February 12   Noting that the Indian economy is on a recovery path, the International Monetary Fund (IMF) has projected its growth at 7.3 percent...

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The finance minister said banking is a stressed sector, while the government is professionalising public sector undertaking (PSU) banks and recapitalising them   Lauding the RBI move to help banks besieged by stressed loans by easing rules, union Finance Minister Arun Jaitley on...

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New Delhi : Addressing the strong reaction provoked by the Budget 2016-17 proposal on tax treatment of provident fund contributions, Finance minister Arun Jaitley on Wednesday said he would announce the final decision on the matter when he replies to the debate on the Budget in...

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Moneylife Digital Team 02 March 2016
The government has failed to think through the implication of the new tax proposal of pension plans. Instead of creating uniformity, it has created more disparity   Finance Minister Arun Jaitley, in the union Budget 2016, announced “measures for moving towards a pensioned society.”...

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The company also subsequently circulated the latest photos and videos of unrestricted entry-exit at its prestigious project near Lonavala hillstation in Pune district this evening   Barely five hours after the Maharashtra government sealed the Sahara India Pariwar's flagship Aamby...

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India's central bank began implementing the Basel-III norms from 2014   The Reserve Bank of India on Tuesday amended the treatment of certain balance sheet items in determining banks' regulatory capital, towards further aligning these to the international Basel III capital...

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