ECONOMY & NATION


Moneylife Digital Team 10 March 2015
Domestic passenger car sales grew 6.85% to 1.72 lakh units, while motorcycle sales fell 8.22% to 7.74 lakh units during February   Passenger car sales in India grew 6.85% to 1.72 lakh units during February compared with 1.60 lakh units in the same month of 2014.   According to...

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Over the next five years, the Railways plan to invest in dedicated freight corridors, high-speed rails and elevated corridors, obtain rolling stock production and to develop logistic parks for facilitating Rail movement. All this requires an investment of about Rs8.5 lakh...

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Moneylife Digital Team 09 March 2015
While ruling out further adjournments, the Special Court said it will proceed even if counsels of accused do not show up   A special court in Hyderabad trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL) Monday said it will pronounce its judgement...

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Moneylife Digital Team 09 March 2015
Sawant, a popular union leader from Central Bank of India, has raised in his PIL the issue of bulging NPAs of state-run banks and lack of action by the lenders as well as government and regulators   The Bombay High Court, while admitting a plea by Subhash Sawant, a union leader from...

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Moneylife Digital Team 09 March 2015
With the government allowing 100% FDI in the railway sector, setting up of the two big-ticket locomotive plants in Bihar through joint venture model is crucial for Railways to give a boost to its infrastructure   Railway Minister Suresh Prabhu has given the go-ahead to two much...

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TruthInAdvertising.org 09 March 2015
Agency calls on drugmakers to add certain health risks to label   Noting a potentially dangerous trend in the overprescribing of testosterone products to men whose symptoms are merely the result of normal aging, the Food and Drug Administration (FDA) last week moved to rein in the...

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Moneylife Digital Team 05 March 2015
Mayank Gandhi, AAP’s Maharashtra chief and member of national executive says, while Prashant Bhushan and Yogendra Yadav agreed to step down from the PAC, the manner and intention behind the resolution to sack them from the Committee is not acceptable   Mayank Gandhi, a member of Aam...

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Manufacturing alone cannot be the engine of growth. Hence, government spending in infrastructure has emerged as Modi government’s main tool of reviving growth. What are the implications?   Our Cover Story of the previous issue pointed out that the Indian market can move to a higher...

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Moneylife Digital Team 04 March 2015
Saharashri and two of his lieutenant are still languishing in jail since the Sahara group has so far failed to muster Rs10,000 crore of legitimate funding to get them out on bail. In the meantime, his trolls continue to post foolish comments on every article about Subrata Roy and Sahara...

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Moneylife Digital Team 04 March 2015
In a twist and turn of events, Arvind Kejriwal offered his resignation as national convener of AAP, ahead of the Party’s crucial meet. During the meeting, AAP reportedly decided not to have Yogendra Yadav in its Political Affairs Committee   Delhi’s chief minister Arvind Kejriwal has...

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Moneylife Digital Team 04 March 2015
Most of the spectrum put up for auction is currently held by Airtel, Vodafone, Idea Cellular and Reliance Telecom and their licences expire in 2015-16   The much awaited spectrum auction, where eight companies are bidding to acquire airwaves in four bands, started on...

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Moneylife Digital Team 04 March 2015
While cutting the repo rate at which RBI lends money to banks by 25 basis points, the central bank said steps the government takes on food management will be critical in determining the inflation outlook    The Reserve Bank of India (RBI) on Wednesday cut repo rate (the rate at which...

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Moneylife Digital Team 03 March 2015
Deloitte has been appointed administrators Monday night after Sahara defaulted on debts tied to the Grosvenor House and will work with realty consultancy JLL to find a buyer for the marquee hotel   In a fresh twist to crisis-hit Sahara Group's efforts to raise funds, its iconic London...

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Moneylife Digital Team 03 March 2015
AAP has convened a meeting of its national executive on Wednesday to decide on all issues, including the latest controversy over differences in the party   With the party facing escalated internecine conflict, Aam Admi Party (AAP) chief and Delhi’s Chief Minister Arvind Kejriwal on...

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Moneylife Digital Team 02 March 2015
Ranjan Dhawan, the senior most ED has been given additional charge as MD and CEO of Bank of Baroda for three months   Ranjan Dhawan, the senior most executive director of Bank of Baroda (BoB) has been given additional charge of managing director (MD) and chief executive (CEO) of the...

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Moneylife Digital Team 02 March 2015
As per the monetary policy framework agreement between Finance Ministry and RBI, the monetary policy will now target inflation to be 6% by January 2016   The Finance Ministry and the Reserve Bank of India (RBI) have agreed to inflation rate targeting under which the apex bank will aim...

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Moneylife Digital Team 28 February 2015
The Autonomous Banks’ Board Bureau would help banks to raise capital for meeting expansion needs as well as search and select heads of PSBs   In order to improve governance of public sector banks (PSBs), Finance Minister Arun Jaitley on Saturday proposed setting up an autonomous...

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Moneylife Digital Team 28 February 2015
Jaitley said all clearances and linkages will be in place before the 4,000 MW UMP project is awarded in a transparent auction system     India will set up five more ultra mega power projects (UMPPs), each of 4000 MW entailing investments of around Rs1 lakh crore, the...

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Moneylife Digital Team 28 February 2015
While there are no changes in income tax rates for individuals, Jaitley has increased exemption limit for health insurance premium, contribution to pension scheme and transport allowance   Finance Minister Arun Jaitley on Saturday kept the tax exemption limits for individual taxpayers...

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Moneylife Digital Team 27 February 2015
Inventory management, logistics planning and resource availability are important hurdles for online retail in India, the Survey says   As Internet penetration in India is on the rise, the eCommerce sector in the country is likely to witness a growth of over 50% over the next five...

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