ECONOMY & NATION


Senior leader and anti-Narmada Dam activist Medha Patkar on Saturday said that she has quit the AAP following dissident leaders Yogendra Yadav and Prashant Bhushan's expulsion from the party's national executive in Delhi.   Announcing her decision at a hurriedly convened press...

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Dissident leaders Yogendra Yadav and Prashant Bhushan were sacked on Saturday from the National Executive of the AAP, a party that had stormed to power in Delhi last month.   Yadav's supporters Anand Kumar and Ajit Jha were also removed from the Aam Aadmi Party's 21-member National...

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The duo has branded Kejriwal an autocrat surrounded by "yes men" and accused him of deviating from the party's ideals   The Aam Aadmi Party (AAP) will be holding its National Council meeting on Saturday to decide the fate of two of its dissident leaders -- Prashant Bhushan and...

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Moneylife Digital Team 27 March 2015
Prime Minister Narendra Modi had said that he will personally monitor status of public grievances in the I-T department on a monthly basis through the recently launched PRAGATI programme   In a move that may bring big relief to honest taxpayers, Prime Narendra Modi has not only taken...

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The Supreme Court on Friday issued notice to the central and the state governments on a PIL seeking increase the SC/ST representation of in the parliament and state assemblies in proportion to their increased population across the country.   An apex court bench of Chief Justice H.L....

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Stressing on energy security, Prime Minister Narendra Modi on Friday said India will have to be independent in this area and seek new avenues to replenish existing sources in a bid to serve the growing appetite of the people.   "We need to be independent when it comes to providing our...

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RS Sharma, secretary, Department of Electronics and Information Technology (DeitY) said that India provided an exciting hub for electronics investment mainly on account of the surging domestic market and infrastructure, logistics and financial support being provided to the investors, whether...

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Aam Aadmi Party (AAP) leader Ashutosh on Friday said the possibility of a truce with dissident leaders Yogendra Yadav and Prashant Bhushan was "remote".   "To be honest and frank, the possibility of truce or peace is remote because they (Bhushan and Yadav) are insisting on removal...

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The current developments are two days ahead of the Aam Aadmi Party's national executive meeting where both sides -- the Kejriwal camp and supporters of Bhushan and Yadav -- could have had a showdown   Less than two months after it stormed to power in Delhi, the AAP appeared set for a...

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The Supreme Court on Thursday allowed the government to finalise the auction of telecom spectrum and announce the winners, but with a caveat.   The finalisation of the results will be subject to the outcome of the cases being heard by the apex court.   The telecom auction...

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The coal ministry is identifying 15-20 blocks for the next - third - round of auction, but cannot give a deadline for completing the process for all 204 blocks whose allotments were annulled by the Supreme Court, Coal and Power Minister Piyush Goyal said on Thursday.   "Fifteen to 20...

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India's largest mortgage lender State Bank of India (SBI) has decided to lower its stakes in its general insurance joint venture to 51 percent and has decided to begin the process, the bank said on Thursday.   In a regulatory filing in BSE the bank said its executive committee of the...

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India's latest auction of spectrum for telecom operators attracted among the highest bids by global standards at $18 billion. But for an industry in heavy debt and low in revenue per subscriber, the question: Are auctions in the interests of customers and industry?   The latest...

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As e-auction of telecom spectrum concluded on Wednesday, analysts said the winners faced a piquant situation now as their steep bids will burden their financial state further with limited elbow room to pass it on to customers in the form of tariff hikes.   The auction concluded after...

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The Enforcement Directorate on Wednesday arrested Rose Valley Group chairman Gautam Kundu in connection with the multi billion rupee ponzi scam.   ED sources said Kundu was taken into custody after he failed to give proper answers during sustained questioning spread over six hours on...

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 Trust an ex-telecom minister who is also a legal eagle -- an attribute he shares with current incumbent Ravi Shankar Prasad -- to point out a "crucial flaw" in the on-going spectrum auctions.   Kapil Sibal says this is "a government of hiccups, that doesn't think things through and...

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After 19 days of rigorous bidding, the auction of airwaves for telecom operators concluded Wednesday, with officials initially placing the figure of cumulative bids at over Rs.100,000 crore.   The auction was conducted for 800 MHz, 900 Mhz, 1800 MHz and 2100 MHz covering both mobile...

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Saurabh Sarkar joined MCX Stock Exchange (MCX-SX), the country's newest full-fledged bourse, as its managing director (MD) and chief executive officer (CEO) in February 2014. Mr Sarkar, former MD and CEO of United Stock Exchange of India, had earlier worked with global financial services...

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How to buy stocks of banks and finance companies?   Investing in banking and finance stocks has been rewarding, in India. Looking at the prices of banks’ shares, no one will believe that our banking system hides a huge fictitious asset, debts that may be never repaid, but continue...

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Two public sector banks have issued notices to leading Telugu actor Akkineni Nagarjuna's film studio to recover loans amounting to Rs.62 crore. The actor is hopeful of resolving the issue in a few days.   Nagarjuna has denied reports that Andhra Bank and Indian Bank have seized the 7...

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