ECONOMY & NATION


Moneylife Digital Team 10 July 2014
In his maiden Budget, Jaitley aims to revive investment climate in the country, lays emphasis on fiscal consolidation and also provides some sops for the common man in the form of Income Tax rebates Her are the Highlights of the Budget:   PERSONAL FINANCE • No change...

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Moneylife Digital Team 10 July 2014
Finance Minister Arun Jaitley increased the foreign direct investment limit in insurance and defence to 49% from the current 26% through the FIPB route Presenting the first Budget of the Narendra Modi government, finance minister Arun Jaitley increased the foreign direct investment limit...

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Moneylife Digital Team 09 July 2014
According to Edelweiss Securities, private banks are likely to fare well due to better risk management practices, strong liabilities traction and robust capital positions compared with PSU banks Over the past few months, foreign fund flows have been strong and equity markets have been...

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Moneylife Digital Team 09 July 2014
The Modi government's first survey calls for a low and stable inflation, tax and expenditure reforms and the need for a regulatory framework to accelerate growth The economic survey for 2013-14 released on Wednesday has called for reforms for long-term growth on three fronts: a low and...

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Moneylife Digital Team 08 July 2014
Kakkad’s arrest comes as a ray of hope for over 1,400 staff members of SIS as well as its lenders, which comprise banks like SBI, BoB, IDBI, Allahabad Bank and Vijaya Bank The Gujarat police have finally taken custody of Ahmedabad-based IT company Sai Info System (SIS)'s fugitive...

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Moneylife Digital Team 08 July 2014
RIL, after completing the takeover of Network18 group, had appointed HDFC chairman Parekh and McKinsey India director Zainulbhai as independent directors on Network18 board In a statement, Reliance Industries Ltd (RIL), India's largest private sector conglomerate said its Independent...

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UTI is celebrating its 50 years of existence, unashamed of two bail-outs with taxpayers' money In February 2014, UTI Mutual Fund (UTIMF) launched its celebration of 50 years of operations without a trace of embarrassment or irony. Former finance minister P Chidambaram and SEBI chairman...

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It is clear that both India and China are keen on attaching greater emphasis to bilateral trade and are putting the geopolitical issues on the back-burner It may be a mere coincidence, but in the last few weeks, India received two special envoys, Russian Deputy Premier Dmitri Rogozin and...

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Moneylife Digital Team 07 July 2014
Certain issues related to marketing network and the company buying ethanol were behind failure to meet the target for 5% blending of ethanol with petrol, the union government said Oil marketing companies could achieve only 1.37% blending of ethanol with petrol against the target of 5%,...

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Moneylife Digital Team 07 July 2014
Police arrested Subrata Adhikari, MD of Sumangal group on charges of money laundering and for running a scheme of “potato purchase” investment, promising up to 100% gain in just 15 months Cracking down on a “potato purchase” illegal investment scheme promising up to 100% gain in just 15...

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RIL is shooting off legal notices at the media while government is not yet doing its bidding At its annual general meeting (AGM) in June this year, Mukesh Ambani spelt out the mega vision and global plans for India’s largest private sector company. Reliance Industries Limited (RIL) rides...

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Moneylife Digital Team 04 July 2014
In what could be termed as the new kind of shareholder activism, Tata Motors' stakeholders, including institutional shareholders refused to ratify excess remuneration of about Rs20.28 crore to its executive directors Tata Motors Ltd, the country's largest vehicle maker, received a kind...

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Many educational trusts are merely a tax-dodging scams, leading to a decline in the quality of Indian education. Its time to review the tax benefits to these many profit making trusts Two-thirds of the world is said to be covered by water. The rest, it may have been observed, is now...

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Power shortage continue on one hand and oil prices are rising on the other. Although the Kudankulam nuclear power plant would help increase power supply to southern states, this also gives an opportunity for Tamil Nadu to expand  the 4 x 500 MW lignite based plant The oldest power plant...

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Moneylife Digital Team 02 July 2014
Reliance Group entity, Reliance MediaWorks and Prime Focus Ltd. announce combination of their global Film & Media Services business Reliance Group and Prime Focus Limited (PFL), a global leader in media and entertainment industry, today announced the combination of the global film &...

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Moneylife Digital Team 01 July 2014
The apex court also asked the petitioner, Bishwajit Bhattacharyya, to file fresh petition with all the relevant documents stating what action Centre has so far taken on the issue The Supreme Court on Tuesday refused to entertain a public interest litigation (PIL) seeking direction to the...

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Dalbir Chhibbar 01 July 2014
Real and inclusive growth cannot take place until India's 6.25 lakh and more villages and hamlets are developed and well governed. One block development officer (BDO) is absolutely inadequate to administer and develop around 35 to 60 villages normally under his jurisdiction. For instance...

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Moneylife Digital Team 01 July 2014
According to the proxy advisory firm, amendment in memorandum of association will open the floodgates to further leverage cash flows of Coal India and harmful to rights of minority shareholders State run Coal India Ltd (CIL), the country's largest coal producer. is reportedly planing to...

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Moneylife Digital Team 01 July 2014
HSBC India Manufacturing PMI rose marginally to 51.5 in June from 51.4 in May as operating conditions improved for the eighth month in succession India's manufacturing sector growth in June expanded at the fastest pace since February, supported by growing order flows, especially from...

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Moneylife Digital Team 30 June 2014
According to Nomura, demand perspective for Indian IT industry looks better due to some possible uptick in technology outsourcing and  a more stable pricing outlook as against pricing pressure indications in second quarter Accentures has annoucned its third quarter results in the US,...

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