ECONOMY & NATION


IANS 30 November 2015
The fifth bi-monthly monetary policy review of the current fiscal by the Reserve Bank of India, to be announced on Tuesday is unlikely to propose any further rate cuts, analysts aver.   In its previous policy review on September 29, the central bank cut the repo rate, at which it...

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IANS 30 November 2015
Ahead of the Reserve Bank of India's fifth bi-monthly policy review for this fiscal next week, industry chamber CII on Sunday said the country's overall financial conditions have shown a healthy improvement, thanks to low cost of funds, strong liquidity, better external financial linkages and...

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IANS 27 November 2015
Noting the massive stressed assets of state-run banks, Prime Minister Narendra Modi in October said the government would infuse Rs.70,000 crore in these banks in the next few years   The government plans to set up a high-powered committee to deal with the issue of non performing...

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Moneylife Digital Team 27 November 2015
Under-investment in Indian Railways over past 60 years has hurt passengers as well as the country’s manufacturing competitiveness. Rail Minister Suresh Prabhu’s promise to increase the spend by almost 285% over next five years will turnaround the transportation behemoth, says Morgan...

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Venkatachary Jagannathan (IANS) 26 November 2015
 The department of revenue is going after the non-life insurance companies for wrongly availing themselves of Cenvat credit instead of automobile dealers as it is easier to target the former in terms of numbers, a senior official of an industry body said.   The Chennai zonal unit of...

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IANS 25 November 2015
Moody's Investors Service on Wednesday said the failure to implement reforms by passing the GST and land bills in parliament could potentially hurt investments amid weak global growth and prove to be a "downside factor" for Indian companies.   "It seems highly unlikely that the major...

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IANS 25 November 2015
Once a king of 'good times', business mogul Vijay Mallya on Tuesday hinted at retiring after turning 60 next month and enjoying life thereafter.   "At 60, normally people think of retiring and enjoying life. I am also thinking of retiring and enjoying life. There is nothing wrong in...

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IANS 25 November 2015
Kingfisher Airlines chairman Vijay Mallya on Tuesday claimed that he was in talks with banks to settle dues of the defunct airline, saddled with a whopping Rs.8,700 crore loan.   "I am focusing on Kingfisher affairs with banks. That is what my current focus is," Mallya told reporters...

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Moneylife Digital Team 24 November 2015
IiAS, a proxy advisory service says that if the Gujarat plant transfer to Suzuki is approved, Maruti will lose all control over its own destiny, and its shareholders will always remain subservient to the interest of parent Suzuki’s shareholders   Proxy advisory firm Institutional...

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IANS 24 November 2015
Japanese life insurer Nippon Life Insurance will increase its stake in Reliance Life Insurance to 49 percent by acquiring 23 percent stake from Reliance Capital for Rs.2,265 crore, the two groups said.   In line with the new shareholding structure, the name of the company will also be...

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IANS 24 November 2015
India and Singapore signed a joint declaration on strategic partnership and nine bilateral accords on Tuesday, the second day of Prime Minister Narendra Modi's visit to this city state.   Modi and Singaporean Prime Minister Lee Hsien Loong signed the joint declaration on strategic...

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Is it a desperate attempt to keep investment-cum-insurance products relevant?   Media reports quote a member (life insurance) of Insurance Regulatory and Development Authority of India (IRDAI), stating that the regulator will take up the issue of taxation of maturity proceeds of...

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IANS 24 November 2015
The Supreme Court on Monday asked the Vodafone Mobile Services to deposit with the government Rs.2,000 crore under various heads, including one-time spectrum charge and licence fees, for the merger of its four entities Vodafone East, Vodafone South and Vodafone Cellular and Vodafone Digilink...

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IANS 24 November 2015
 In one of the biggest deals in the medical world, US-based global drug major Pfizer Inc announced acquiring leading Irish pharma firm Allergan plc for a whopping $160 billion.   "Boards of Pfizer and Allergan have approved to merge and become a single entity under Pfizer for $160...

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IANS 23 November 2015
The major stress on state-run banks owing to bad loans will progressively commence easing once issues are gradually resolved in various sectors, including implementation of reforms in the power sector, Finance Minister Arun Jaitley said on Monday.   "The health of public sector banks,...

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Moneylife Digital Team 23 November 2015
The income-tax department has launched its official handle on the micro-blogging website, Twitter. The handle “incometaxindia_” is aimed at keeping taxpayers and other users updated. “Follow us to stay updated on the latest taxpayer services,” the first tweet by the department said. It added...

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IANS 23 November 2015
India and Malyaysia signed three agreements on cyber security, cultural exchange and infrastructure development on Monday, the third day of Prime Minister Narendra Modi's visit to this southeast Asian nation.   While the cyber security agreement was signed between the Indian Computer...

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Moneylife Digital Team 20 November 2015
NDTV told BSE that Prannoy and Radhika Roy, KVL Narayan Rao and NDTV Studios have received show cause notice from ED on alleged contraversions of provisions of FEMA    New Delhi Television Ltd (NDTV) said it has received a show cause notice from the Enforcement Directorate (ED)...

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Moneylife Digital Team 20 November 2015
While pay hikes will boost consumer discretionary demand, do not forget the extremely adverse financial impact of implementing these recommendations   The 7th Pay Commission has recommended a 16% hike in salary for central government servants. This will benefit an estimated 47 lakh...

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IANS 20 November 2015
Reserve Bank of India Governor Raghuram Rajan on Friday said he was concerned that the fall in public and private investment in India would affect the country's economic growth.    "On the growth front, the central concern is with investments. Private investment has fallen back a bit...

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