ECONOMY & NATION


Following passage of the law increasing the maximum limit of foreign direct investment in the insurance sector from 26 percent to 49 percent, the State Bank of India (SBI) on Tuesday said it is reducing its existing stake in SBI Life Insurance by a maximum of ten percent.   "The...

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Dhirendra Swarup, architect of NPS wants to you to be taxman’s guinea pig   The National Pension Scheme (NPS) was launched in 2004, as a defined-contribution-based pension system, which would nudge people into long-term savings, that would provide a comfortable retirement income....

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Unsold flats, incomplete projects but still a lack of sensible pricing and clear regulation   There is no sign of achche din for India’s middle-class home-buyers. Property prices have spiralled so high that few have been able to afford an apartment within a reasonable commute to work,...

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Rajasthan chief secretary CS Rajan said the embassies and the high commissioners of different countries where roadshows are proposed have been contacted and the final programme of the roadshows would be prepared soon   With an aim to bring investment in the state, the Rajasthan...

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As India does not have too many large domestic institutional investors, a well-endowed domestic pension fund will be the panacea for a robust and sustainable capital market, SEBI chairman U.K. Sinha said on Monday.   "A well endowed domestic pension fund in India will be the panacea...

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Terming the Indian government's decision last week to allow gas-based power units lying idle to import feed stock through e-auctions as "credit positive", rating agency Moody's on Monday said the move will benefit banks as they have significant exposure to such plants.   "The...

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The Supreme Court on Monday asked Reliance Industries Ltd. (RIL) to respond within three weeks to the official auditor's report that had adversely commented on its operation of gas blocks in the KRishna-Godavari basin.   A bench of Justice T.S. Thakur, Justice J. Chelameswar and...

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From the happenings of recent weeks, it will be tempting to deduce that Arvind Kejriwal is a Stalinist who, like all autocrats, hates democracy and dissension and loves yes-men. That's what Prashant Bhushan will want us to believe. But the stormy story of the Aam Aadmi Party's internal crisis...

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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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