ECONOMY & NATION


Moneylife Digital Team 07 April 2015
Overruling the ITAT's order, the HC said prize money of Rs1 lakh received by the India Today Editor as award would be a capital receipt and hence not taxable under the Act   In a significant decision, the Delhi High Court has held that prize money received by India Today Editor Aroon...

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Moneylife Digital Team 07 April 2015
While keeping key rates unchanged, the RBI said despite weak credit off take and the front loading of two rate cuts, transmission of policy rates to lending rates has not taken place   The Reserve Bank of India (RBI), in its first bi-monthly credit policy review on Tuesday has kept...

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The eastern and western rail freight corridor projects are expected to be game changers in the country by creating the much required rail transportation capacity, GMR added   GMR Infrastructure said on Monday that a consortium led by the company has won the bid for construction of the...

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The company allegedly failed to pay taxes on gains made by its former parent in a share transfer transaction in fiscal 2006-07   Cairn India on Monday moved Delhi High Court seeking quashing of income tax department's demand order to pay Rs20,495 crore tax.   The company...

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Morgan Stanley has forecasted a sustainable lower inflation path of 5% to be achieved from April, and expects inflation to decelerate to 4.75% by December this year   With the rural wage growth coming down to a nine-year low at 5.5% this January and inflation seemingly stabilizing,...

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President Pranab Mukherjee said that the adverse impact of ecological degradation and climate change has emerged as a major concern the world over   India's mineral and mining sector face an acid test in sustaining growth potential of the economy with the country's mineral wealth...

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A section of the media has reported that the Central Bureau of Investigation (CBI), probing the multi-crore-rupee Saradha scam, has sent notice and sought a detailed report of Trinamool Congress's accounts from 2010 to 2014   The Trinamool Congress on Tuesday denied having received...

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India isn't so vulnerable that every demand is termed tax terrorism    India will neither promote tax terrorism nor can it become a tax haven, Finance Minister Arun Jaitley said on Monday, assuring a fair compliance window to those with ill-gotten money overseas to come clean, and a...

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VK Sharma 06 April 2015
To reduce gold imports what is required is a level playing field for gold and non-gold imports and not gold schemes as proposed by Arun Jaitley in the Budget   India needs to reduce gold imports, which were the single cause of the unprecedented over 30 year-high current account...

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Sanu George (IANS) 06 April 2015
For years, the suave Advani - a law graduate who is at home both in English and Hindi - was the face of the rising BJP in the 1980s, the star who popularised the party all over the country   Despite belonging to opposing ideologies, BJP patriarch L.K. Advani and V.S. Achuthanandan of...

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Till the conclusion of the auctions held so far, a revenue of nearly Rs.20 lakh crore has been generated   Citing the ongoing coal auctions as a "true example of federalism", union Coal Secretary Anil Swarup on Sunday said the states will be getting a whopping Rs.3.35 lakh crore on...

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The impact of the ED action on the Sun TV Network Ltd's scrip would be known only on Monday when markets open for trading   The Sun TV group continued to maintain a studied silence on Friday over the attachment of assets worth Rs.742.58 crore by the Enforcement Directorate (ED)...

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A spokesperson for the Chief Minister's Office confirmed that Pacheco submitted his resignation to Chief Minister Laxmikant Parsekar in the morning and it was accepted   Goa Archives and Archaeology Minister Francisco Pacheco, who was convicted in an assault case upheld by the Supreme...

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Moneylife Digital Team 02 April 2015
While majority of the respondents are disappointed with the recent turmoil in the Arvind Kejriwal-led AAP, there are some who think Narendra Modi and BJP hold the best hope for India   The recent turmoil in Aam Admi Party (AAP) has left several people, activists and sympathisers...

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The wheat procurement process in Punjab and Haryana, which officially begins on April 1, is likely to be delayed as the crop has still not ripened for harvesting   The damage caused to the standing wheat and fruit crop by unseasonal rains in the past four to six weeks has started to...

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In his budget, the finance minister announced the government would sign the Monetary Policy Framework Agreement with the RBI for controlling inflation, which will become a law providing for a monetary policy committee   The Reserve Bank of India (RBI) is widely expected to leave the...

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The project is backed by a long-term gas supply agreement with ONGC, while the power off-take is on a long term basis with the 7 northeast states   India Infrastructure Fund II will acquire 23.5% stake worth about Rs.426 crore in ONGC Tripura Power Company (OTPC), jointly promoted by...

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The new policy has come at a time when India's merchandise exports continue to log a decent growth, having expanded by just 0.88% in the first 11 months of the current fiscal   With Prime Minister Narendra Modi's "Make in India" initiative in the backdrop and a target of raising...

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The new policy has come at a time when India's merchandise exports continue to log a decent growth, having expanded by just 0.88% in the first 11 months of the current fiscal   With Prime Minister Narendra Modi's "Make in India" initiative in the backdrop and a target of raising...

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Moneylife Digital Team 01 April 2015
The 2003-05 cycle also saw a pickup in growth along with low and stable inflation, similar to the current cycle and sustained deceleration in inflation would provide room for more monetary easing, feels Morgan Stanley    The current cycle of growth pickup and low and stable inflation...

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