ECONOMY & NATION


While the PM has announced ‘Make in India’ with great fanfare, innovative companies like Uber and Amazon are getting a taste of laws made in India   This is not what prime minister (PM) Narendra Modi had in mind when he launched his high-profile ‘Make in India’ programme on 25th...

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Moneylife Digital Team 27 September 2014
Jayalalithaa, the AIADMK supremo now stands disqualified immediately from the Assembly and will have to step down as chief minister    Tamil Nadu Chief Minister J Jayalalithaa on Saturday was sentenced to four year imprisonment and fined Rs100 crore in the 18-year-old...

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Moneylife Digital Team 26 September 2014
BJP has demanded President's Rule in the state that is all set to elect its new government next month   Maharashtra chief minister Prithviraj Chavan has resigned from his post. On Thursday, Nationalist Congress Party had withdrawn its support from the Congress-led government. The...

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Moneylife Digital Team 26 September 2014
India's improved political setting offers a conducive environment for reforms, which could boost growth prospects and improve fiscal management, the ratings agency while revising upwards the country's outlook   Ratings agency Standard & Poor's (S&P) on Friday raised its outlook on...

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Moneylife Digital Team 26 September 2014
While the 'Make in India' campaign is a step in the right direction, it will have to be followed up by more tangible measures such as building ports, highways and increasing power generation says Nomura   Prime Minister Narendra Modi Thursday unveiled the 'Make in India' campaign....

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With major parties like Congress, NCP, Shiv Sena and BJP deciding to contest on their own, none is likely to get more than 100 seats. This could prove to be a bonanza for smaller parties and independents   The Assembly elections scenario in Maharashtra has spiced up after Thursday's...

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The new unit cost per tonne of mined coal is going to be higher than the previous method, but would still be a lot cheaper than imported coal or obtaining supplies from Coal India. Also in the e-auction, govt need to consider giving a right of first refusal to present block owners  

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Naveena Sadasivam (ProPublica) 26 September 2014
US Department of Labor investigations have uncovered hundreds of cases in which oil and gas workers, many involved in dangerous jobs, are being cheated of earnings   A ProPublica review of U.S. Department of Labor investigations shows that oil and gas workers – men and women often...

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Moneylife Digital Team 25 September 2014
While parting ways, the BJP has blamed Shiv Sena for the breakup. Now all eyes are on Congress and NCP alliance   The Bharatiya Janata Party (BJP) and its oldest ally Shiv Sena have finally decided to part ways ahead of the Maharashtra Assembly elections. This would make the elections...

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Moneylife Digital Team 25 September 2014
Smaller power and steel companies, whose profitability was largely driven by the now cancelled coal blocks, have debt of around $10 billion and would face bigger challenges, while servicing these debts, says Nomura   The Supreme Court on Wednesday cancelled all but four coal block...

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Moneylife Digital Team 25 September 2014
The union government is preparing a roadmap for identifying PSUs not capable of revival and for closing them down after giving benefit of VRS to its employees   The Indian government has started the process to revive five out of 11 sick public sector units (PSUs) and would form a...

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Moneylife Digital Team 25 September 2014
The CCEA deferred a decision on revising natural gas prices by 45 days to 15th November due to elections, says Dharmendra Pradhan   The Indian government deferred an increase in natural gas price for a third time in view of next month’s Assembly elections in Maharashtra and Haryana.

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Moneylife Digital Team 25 September 2014
India is ranked 134 out of 189 in the ease of doing business rankings of the World Bank. The PM's desire would require huge shifts at the Central, State, Judiciary, Regulatory and Executive levels. Can he achieve it all in three years?   Prime Minister Narendra Modi today launched the...

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Moneylife Digital Team 24 September 2014
In FY2014, India Inc's share of assistance from banks and FIs fell to 68.4% while share of overseas borrowing-ECB increased to 41.4%, says CARE Ratings report   Indian corporate houses have preferred to raise funds through the external commercial borrowing (ECB) route over other...

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Moneylife Digital Team 24 September 2014
In the past, Iran has threatened to cancel award of Farsi block but has not carried out those threat as it cannot get any credible international oil company to invest until the western sanctions are eased   In a bid to pressure India to invest in a Persian Gulf gas field, Iran has put...

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Moneylife Digital Team 23 September 2014
During FY2014, Bilcare added Rs685 crore as fixed assets under tool & equipment, which is about 20% of the company's total assets, even as its sales tumbled 45% and the company reported a loss of  Rs121.5 crore   Pune-based Bilcare Ltd, which once counted ace investor and trader...

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Coal India need to honour the commitment given to power producers by supplying them coal first and only resort to e-auction of any excess production   The Cabinet Committee on Economic Affairs wants Coal India Ltd (CIL) to complete the 172 FSAs (fuel supply agreements) so as to cover...

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Moneylife Digital Team 23 September 2014
The extension given will be subject to payment of interest on self assessment tax under Section 234 A for late filing of income tax report   The Gujarat High Court directed the Central Board of Direct Taxes (CBDT) to extend the deadline for filing income tax returns (ITR) to 30...

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Moneylife Digital Team 23 September 2014
Mohanty was arrested from his Cuttack residence in connection with a land deal he had done with AT group chief Pradip Sethy   The CBI (Central Bureau of Investigation) arrested former Advocate General Ashok Mohanty in connection with the chit fund scam case and took him on two day...

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Free money, like anything else that is free in a market system, tends to be wasted. If it is wasted, it doesn’t promote the growth that the markets have anticipated. If the illusion is finally dissipated, then along with it, will perhaps go the central banker’s most effective tool  

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