ECONOMY & NATION


TruthInAdvertising.org 20 June 2014
GE Capital, which changed its name to Synchrony Bank earlier this month, must refund more than 6 lakh customers subjected to deceptive marketing and discriminatory practices relating to credit card products under a $225 million order from the CFPB and DOJ When trying to pay back your...

Read More



Moneylife Digital Team 19 June 2014
Coca-Cola's bottling plant has been shut down in Mehdiganj by the Uttar Pradesh Pollution Control Board following violation of certain norms and complaints of increase in water pollution   This article was updated on 21 June 2014 at 3pm The Uttar Pradesh Pollution Control Board...

Read More



Dalbir Chhibbar 19 June 2014
We urgently need to curtail and reduce all formalities, consents and permissions by repealing or  changing existing relevant laws on hotels, restaurants, bars and pubs, mostly framed by state governments Service based establishments like hotels, restaurants, resorts and bars are of...

Read More



Moneylife Digital Team 19 June 2014
Indian refiners will make payment in rupee to UCO Bank, which will be transferred to RBI for onward credit to the central bank of UAE. The UAE central bank will then make payments in dirhams to Iran India will pay Iran $1.65 billion through the United Arab Emirates (UAE) central bank to...

Read More



Moneylife Digital Team 19 June 2014
India’s high budget deficits are partly due to a large population and low per capita income levels, which increase macro-economic imbalances and thus 'expose the economy to shocks', say Moody’s Indian economy is exposed to 'shocks' due to high fiscal deficit and the country’s credit...

Read More



Moneylife Digital Team 19 June 2014
Guru Pandyar, his wife Arundathi as well as Srinivas Sista and his wife Lalita filed applications for personal bankruptcy at Western District of Washington after being involved in multimillion dollar business fraud Guru Pandyar (Prasad Rao Pandyar-Guru), his wife Arundathi as well as...

Read More



Moneylife Digital Team 19 June 2014
Competition Commission of Singapore feels the Jet-Etihad alliance relates to the provision of international air passenger transport services with a specific focus on the Singapore origin and destination city pairs The Jet Airways-Etihad deal is facing fresh trouble as the Competition...

Read More



Moneylife Digital Team 18 June 2014
The decision of Air India to crack the whip comes amid reports that several cabin crew members were on the lookout for greener pastures, especially eyeing jobs in Gulf carriers Taking a tough stance to ensure discipline, state-run carrier Air India has sacked 47 members of its cabin crew...

Read More



Dalbir Chhibbar 18 June 2014
Over the past five years, Coal India's profit jumped 735% to Rs17,356 crore by just raising coal prices while employee expenses grew almost double. However, between the same period, its coal production increased by just 5% Coal shortages have been caused mainly due to the inefficient and...

Read More



Moneylife Digital Team 18 June 2014
Reliance Jio, in which RIL had invested over Rs70,000 crore, would start expanded field trials of its 4G services in August 2014 and will launch it in a phased manner next year, Mukesh Ambani said Mukesh Ambani, the chairman of Reliance Industries Ltd (RIL), said the company would...

Read More



Moneylife Digital Team 17 June 2014
Cipla bought majority stake in a new distribution company from Sri Lanka to markets its products in that country Pharmaceutical company Cipla Ltd, on Tuesday, said it bought 60% stake in a new company in Sri Lanka for $14 million (nearly Rs85 crore) to market its products in that...

Read More



Dalbir Chhibbar 17 June 2014
External commercial borrowings or foreign investments in Indian debts and equities, or remittances by NRIs can only suppress the symptoms without treating the disease Current Account Deficit: The Current Account Deficit (CAD) for the last three years had alarmingly increased from...

Read More



 What the new government can do is to make ethanol blended fuel to be mandatorily used by all state transport vehicles in all the states in India Six months ago, during the 79th AGM of the Indian Sugar Mills Association (ISMA), Chairman Srinivasan pleaded to the UPA Government to...

Read More



Moneylife Digital Team 16 June 2014
Over the past two weeks, gold prices across the globe have increased due to rising violence in Iraq that spurred demand for the yellow metal   The Indian government on Monday hiked the import tariff value on gold and silver to $411 per 10 grams and $632 per kg, respectively. Global...

Read More



Dalbir Chibbar 16 June 2014
While the environment is a priority for the nation, it cannot be used as a ruse to stall projects that become politically inconvenient   The high GDP growth from 2004 to 2010 was led by the service sector and not by agriculture and manufacturing. Such high GDP was unsustainable in the...

Read More



Moneylife Digital Team 16 June 2014
There is limited scope for the Modi government to undertake drastic measures to reduce expenditure to GDP ratio, and the only credible way to reduce spending is by cutting subsidies, mainly oil subsidy, says Morgan Stanley The Narendra Modi-led National Democratic Alliance (NDA)...

Read More



Moneylife Digital Team 16 June 2014
India and Bhutan also agreed that they will not allow each other’s territory to be used for interests inimical to the other The Indian government on Monday announced that the country will exempt Bhutan from any ban or quantitative restrictions on export of items like milk powder, meat,...

Read More



Moneylife Digital Team 16 June 2014
Expensive food items and beverages like coffee, tea, poultry, fish and vegetables pushed the WPI inflation in May to over 6% Rising prices of food and beverages like coffee, tea, poultry, fish and vegetables pushed up inflation to a five-month high of 6.01% in May against 5.20% in the...

Read More



At least some of the PSU banks cannot claim to be cash-strapped, especially looking at their cash reserves. By capitalising their reserves instead of seeking fund from the government, they would be rewarding their share holders as well Press reports indicate that some of the public...

Read More



Clothes-makers, food manufacturers, and other businesses who were never involved in the copper or iron ore trade were buying large amounts in China. They did not want it to make anything. They needed it to raise cash Businessmen and women often are extremely clever in developing various...

Read More

Free Helpline
Legal Credit
Feedback