ECONOMY & NATION


There is an urgent need to encourage corporate bodies to invest in building up the infrastructure facilities for storage and exports of foodgrains In order to support the Food Security Act, the Ministry of Agriculture has estimated that the essential foodgrains in India, to the extent...

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Moneylife Digital Team 14 January 2014
According to Care Ratings, the RBI may contemplate a rate cut if the WPI and CPI figures continue to move downwards over the next two months There finally seems to be some respite in the economy with the retail inflation for the month of December 2013, as measured by the consumer price...

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Shambo Dey 14 January 2014
This is the concluding part of a two-part series on the technical and legal issues of virtual currencies, especially Bitcoins. One of the major legal issues in Bitcoin like economy is anyone could be a victim of theft or malpractice and there is no consumer protection available This part...

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It is ironic that pellet plants and iron ore mines are both located in Karnataka. Yet the state obtains iron ore from Chhattisgarh at great cost of transportation, making it unviable for export It may be recalled that, on account of illegal mining activities, the Supreme Court had banned...

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Moneylife Digital Team 13 January 2014
The wheat production this year will be an all time high production and will beat all previous records, according to Minister of State for Agriculture and Food Processing Industries, Mr Tariq Anwar at an ASSOCHAM event held in New Delhi India is likely to achieve record wheat production...

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Shambo Dey 13 January 2014
In this two part series, we take a look at technical and legal issues related to virtual currencies, especially Bitcoins. This is the first part on technical aspects of Bitcoins Before we go into a discussion of Bitcoins, it is important to understand what digital cash is.   What...

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Moneylife Digital Team 13 January 2014
Higher exports and weak imports have provided enough room for India’s merchandise deficit to narrow. However, weak IIP growth, high inflation require immediate corrective action, says SBI Research Trade numbers released on Monday indicate export growth at merely 3.5% and imports...

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Moneylife Digital Team 13 January 2014
Bharat Forge’s unit sold its entire 51.85% stake in its eight year old JV with China-based FAW group for Rs175 crore Bharat Forge Ltd (BFL), said its unit sold its entire 51.85% stake in its joint venture with China-based FAW group for Rs175 crore. The company’s unit, Bharat Forge Hong...

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Moneylife Digital Team 13 January 2014
DGH Choubey, who was part of the Kelkar Committee, has said that the panel had exceeded its brief and quoted data that had no attributable author or source The Director General of Hydrocarbons (DGH) has put in a strong note of dissent against the Vijay Kelkar Committee suggestion to...

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Moneylife Digital Team 10 January 2014
Devyani Khobragade, whose visa episode caused the US-India diplomatic ties to flare up, is returning to India Devyani Khobragade, senior Indian diplomat, who made headlines all over the world for her visa fraud which caused a diplomatic spat between United States and India, is headed...

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Moneylife Digital Team 10 January 2014
Nomura sees the Indian government lower spending by 0.6% of GDP over the next four months to meet the fiscal deficit target The current run rate on the fiscal deficit leaves no space for slippage in the remaining four months of the fiscal year. It is estimated that the government will...

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Moneylife Digital Team 09 January 2014
About 50% of the refinancing amount, equivalent to 13% of the banking system net worth as on FY13, may present a significant underwriting challenge to bankers under the prevailing macroeconomic situation, says Ind-Ra Bank loans worth an estimated Rs1.9 lakh crore to Rs2.1 lakh crore...

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Moneylife Digital Team 09 January 2014
According to ZyFin Research’s indicator there may be a moderate IIP expansion in January ZyFin Research, a financial research and analytics company, expects moderate expansion in Index of Industrial Production (IIP) during January. ZyFin’s Business Cycle Indicator (BCI) as of December...

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Every auto enthusiast will be eagerly looking forward to the India Auto Expo in 2014, due to be held in a new venue. Also, what should you do about outstation registration of cars? There can be nothing more obtuse than the suggestion coming from lobby groups that motor vehicles over a...

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Shampita Das 08 January 2014
A number of corporates have fraudulently raised money in the guise of 'deposits' thereby avoiding the taxation applicability. To curb such a practice, a retrospective amendment to Section 2 (22) (e) to the Income Tax Act can be expected to include 'deposits' within the purview of 'loans and...

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Moneylife Digital Team 08 January 2014
Janardhan Trading Co, Central India General Agents, Birla Holdings and Sukriti Education Society, the four promoters of Digjam admitted that there was a delay of 101 days in filing requisite disclosures and thus paid Rs13.27 as settlement charges to SEBI Market regulator Securities and...

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Moneylife Digital Team 08 January 2014
The US has also been asked to provide the tax returns filed by it with Indian authorities for commercial activities which are afforded through ACSA to non-diplomatic persons, including private American citizens and their families In further retaliatory steps over the arrest of diplomat...

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The National Grid will smooth load flow with least amount of voltage fluctuation. This is likely to make power problems a thing of the past Almost 18 months ago, it may be recalled, that the whole of north, east and western India experienced a total power outage on 30th and 31 July 2012,...

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Moneylife Digital Team 07 January 2014
After former world billiards champion Michael Ferreira, Boman Irani is the second celebrity against whom a complaint has been filed in the Rs425 crore QNet scam The Economic Offences Wing (EOW) of the Mumbai Police has received a complaint against Bollywood actor Boman Irani and his son...

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Moneylife Digital Team 07 January 2014
Naveen Patnaik-led Biju Janata Dal, which will face Assembly elections in May, had opposed disclosure of its ITRs The Central Information Commission (CIC) has directed the Income Tax (I-T) department to disclose within three weeks income tax returns (ITRs) of Naveen Patnaik-led Biju...

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