ECONOMY & NATION


Moneylife Digital Team 01 December 2015
While keeping key rates unchanged, the RBI said some indicators suggest the economy is in the early stages of a recovery, though with some areas of continued weakness   The Reserve Bank of India (RBI), in its fifth bi-monthly credit policy review on Tuesday has kept repo, reverse...

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IANS 01 December 2015
The three state-run oil marketing companies on Monday reduced petrol and diesel prices. Petrol and diesel will be cheaper by Rs.0.58 and Rs.0.25 per litre respectively in the national capital.   The reduction will be effective from midnight Monday.   Making the...

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IANS 01 December 2015
American Ratings agency Fitch on Monday maintained a stable outlook for state-run power utilities - NTPC PowerGrid and NHPC - saying the implementation of the government's UDAY debt recast and reform package is key to their ratings outlook in future.   "Successfully addressing the...

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IANS 01 December 2015
Aiming to encourage the flow of foreign funds into India, the country's central bank on Monday revised a major guideline which administered the oversees borrowing limits for India Inc.   The Reserve Bank of India (RBI) said that it has revised the framework governing the external...

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IANS 01 December 2015
India requires a whopping $2.8 trillion investment to meet its growing energy needs in the coming years, with 75 percent of that for the power sector, a special report by the International Energy Agency (IEA) said on Monday.   "India's energy needs require a huge commitment of capital...

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IANS 01 December 2015
GE Transport India managing director Nalin Jain and Railway Board director (mechanical works) Jayant Kumar signed for Marhowra plant, while Alstom Transport India managing director Bharat Salhotra and Railway Board executive director (electrical development) Sudheer Kumar signed for Madhepura...

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IANS 30 November 2015
A select industrial output index for October showed a marginal growth for the country's eight core industries (ECI) on Monday.   The ECI showed a marginal growth on a month-on-month basis of 3.2 percent in October. The select industrial output data showed a similar 3.2 percent growth...

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IANS 30 November 2015
India's fiscal deficit has touched 74 percent of the annual target as on end-October, even as tax revenue is below the half-way mark, as per the latest official estimates of the central government accounts released on Monday.   As per the Controller General of Accounts, as...

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IANS 30 November 2015
Leaders of power sector national federations would meet in Delhi on Tuesday to finalise their strategy for a day-long strike on December 8 against the proposed Electricity (Amendment) Bill, 2014.   The strike is to be observed by power employees, engineers and contract...

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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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