ECONOMY & NATION


Indian Railways is witnessing delays in rail projects, mostly created by vested interests leading to increase in costs and corrupt practices Indian Railways began their chugging career more than 150 years ago and have become one of the largest railroad networks in the world, with a...

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KK Sharma 20 November 2013
It is not really clear as the role the looming deadline of 210 days, barely 15 days away, had played in the majority decision of CCI clearing the Jet and Etihad deal and how much of it was shaped by the consideration of competitive concerns, or lack thereof On 12 November 2013, the...

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Moneylife Digital Team 20 November 2013
The UPA has bowed down before the WTO and limited the grant of food subsidy to just four years in the Food Security Bill, alleges EAS Sarma, former secretary to the GoI, in a letter to Sonia Gandhi EAS Sarma, former secretary to Government of India (GoI) has alleged Congress-led United...

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Moneylife Digital Team 19 November 2013
All Indian Origin Chemists & Distributors has reported that secondary sales (sales from stockists to retailers) of drugs have come down to -1.7% year-on-year for October after a fall of 1.8% in September 2013. All Indian Origin Chemists & Distributors Limited (AIOCD) has released...

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Moneylife Digital Team 19 November 2013
Jignesh Shah-led Financial Technologies sold Singapore Mercantile Exchange and SMX Clearing Corp to Intercontinental Exchange Group’s unit for $150 million to repay its debts towards ECB and forex loan Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) said its unit has sold its...

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Moneylife Digital Team 19 November 2013
Anna Hazare, in a letter asserted that he had nothing to do with the AAP and said that it was incorrect for Arvind Kejriwal to use his name in the party's campaign in Delhi elections Social activist Anna Hazare has asked his 'once upon a time' staunch follower and Aam Admi Party (AAP)...

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Moneylife Digital Team 18 November 2013
Both the World Gold Council as well as RBI governor, Raghuram Rajan, admitted a spurt in gold smuggling into India, after the government imposed curbs on gold imports. Unlike the 1970s and 1980s, this time, gold is being smuggled through air routes and India's porous borders with Nepal and...

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Moneylife Digital Team 18 November 2013
The US quantitative easing (QE) programme may continue in 2013 it is likely that any tapering may be delayed much beyond March 2014, says State Bank of India (SBI) in a research report.   "The dynamics of US economic recovery will require that housing prices recover appreciably which...

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Moneylife Digital Team 18 November 2013
The central bank has designated 29 banks including, SBI and its subsidiaries, Punjab National Bank, ICICI Bank, HDFC Bank, Axis Bank, Bank of Baroda, Bank of India and Canara Bank to accept I-T payments from taxpayers The Reserve Bank of India (RBI) has designated 29 banks both from...

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Cairn India can grow faster if the government policies are more sensible Cairn India has come a long way in 20 years, having started with 3,000 barrels of oil a day, in Ravaa fields, to a current output of 180,000 barrels, representing 25% of India's needs, which are growing by the hour!...

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Revision of data, including inflation numbers, with such wide variation, does not augur well for a country like India known for leadership in technology and innovation The Ministry of Commerce & Industry (MCI) periodically releases economic data relating to inflation, gross domestic...

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While the non-performing assets or bad loans of banks are reaching new highs, the lenders are finding loan recovery difficult due to legal and procedural hurdles   While the net non-performing assets (NPAs), or bad loans, of banks are on the rise, bankers are facing several issues...

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Moneylife Digital Team 15 November 2013
The tacit agenda of the Rajan-led RBI remains to normalise real deposit rates and boost financial saving, says BNP Paribas Like its CPI (consumer price index) cousin, the WPI (wholesale price index) data chalked up an awful reading, with factory gate inflation accelerating to an 8-month...

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Banks in India offer similar products and services to customers and I would regret if new banking licences are given to similar cloned entities, the finance minister said Finance minister P Chidambaram has called banks in the country as 'clone' of each other that offers similar products...

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The disappointing results of CIL show that it needs a new framework from planning commission to operate with mines developers and operators (MDOs) to harness synergy Coal India (CIL) is beset with a lot of problems. The second quarter profit at Rs3,052.35 crore is marginally lower than...

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Moneylife Digital Team 14 November 2013
Inflation trajectory will head southwards from January 2014 onwards on the back of better harvest and approaching electoral cycle, forecasts a SBI research note WPI (wholesale price index) inflation touched 7% in Oct’13 (SBI projection at 6.98%). Though the increase in inflation was on...

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Moneylife Digital Team 14 November 2013
Inflation measures on the WPI hit its eight month's high in October at 7%. Just five months ago, it was 4.6% in May Costlier food items, including vegetables, especially onions, pushed the wholesale price index (WPI) inflation to 7% in October, the highest in current financial year. It...

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While we should welcome the move made by the RBI to combat the fake currency racket, we must debate their methodology adopted in test marketing of polymer rupee currency notes In the past few months, Moneylife has carried reports on the urgent need to implement policies relating to...

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Moneylife Digital Team 12 November 2013
Edelweiss Broking is offering gift vouchers to invest in ELSS. This amounts to offering passbacks, a practice barred by SEBI. Edelweiss Broking Ltd is offering its clients a waiver of transaction charges for investing in equity linked savings schemes (ELSSs) through its online platform...

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An export target of 3-4 million tonnes of sugar is projected this year in order to stabilise sugar prices in the domestic market. For this to happen, subsidy is urgent Moneylife recently covered the sugar industry, where it was pointed out that with the enormous and surplus stock of over...

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