ECONOMY & NATION


Moneylife Digital Team 26 December 2013
In an attractive presentation to a packed audience at a Moneylife Foundation seminar, tax expert Ameet Patel explained the three keys for safe tax-filing—documentation, e-filing and form 26AS Moneylife Foundation held its 191st event “Pitfalls and Precautions for Filing Income Tax...

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The UCO Bank account is bulging with excess funds to the extent of Rs50,000 crore. It is an opportune time to take advantage of the relaxed situation and meet Iranian needs as far as possible The Iranian nuclear deal with six European powers, including participation by the US, has...

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Western pharmaceutical companies are out to make as much money as they can, not bothering about human welfare. Indian pharmaceuticals mostly have the ‘me-too’ mentality and do only copycat research It was Oliver Wendell Holmes who wrote: “I firmly believe that if the whole materia...

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HDFC Mutual Fund is one of the top asset managers in the mutual fund industry and yet, surprisingly, spent nearly 4%-5% of the total assets of Morgan Stanley to increase its own asset base by a meagre 3%   Morgan Stanley Mutual Fund is selling around Rs3,300 crore of assets to HDFC...

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How long will banks get away with funnelling public money into hands of dubious industrialists through CDRs? An Rs8,000-crore CDR package to a politically powerful industrialist on the eve of general elections calls into question RBI’s exhortations to banks to stop ever-greening of bad...

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RBI introduced polymer notes of Rs10 denomination in select cities in India. But most of the counterfeit currency notes in circulation are in higher denominations of Rs500 and Rs1,000 More than 25 countries in the world have successfully introduced polymer currency notes which are at...

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Chandragupta Acharya 24 December 2013
Simplifying legal and procedural hurdles in completing a housing project and eliminating corruption will do far more to address housing shortage in the city than redeveloping clusters The Maharashtra government has ‘in principle’ accepted the revised recommendations of a study group on...

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Moneylife Digital Team 24 December 2013
NSEL received Rs11 crore as part of their settlement agreement under which Mohan India had agreed to pay dues of Rs771 crore over 12 months National Spot Exchange Ltd (NSEL) said it has advised banks to disburse Rs11 crore to investors that was lying in its escrow account. NSEL said it...

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Moneylife Digital Team 23 December 2013
HDFC Mutual Fund recently announced the acquisition of the schemes of Morgan Stanley Mutual Fund   HDFC Mutual Fund today announced the signing of a definitive agreement for it to acquire all the eight schemes of Morgan Stanley Mutual Fund in India. Morgan Stanley has been into the...

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Moneylife Digital Team 23 December 2013
According to CRISIL, top 20 PSUs with a pre-dividend corpus of Rs1.6 lakh crore, can comfortably pay special dividends of Rs27,000 crore and above to heldp reduce fiscal deficit by 20 basis points CRISIL Research, has estimated that the Indian government can reduce its fiscal deficit by...

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Coal India’s move to review dividend, buy-back arrangement and a stake sale was not conclusive as the same has been postponed to February, due to a strike threat by the workers’ union India boasts 7% proven global reserves of coal, estimated at 60 billlion tonnes, and Coal India Ltd...

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Centralised systems have done everything possible to pursue stability at all costs increasing the probability of a large failure. Like the Fed, the Chinese have tried to stabilize their system and now may have to pay the costs Well, it finally happened. After over seven months of...

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Moneylife Digital Team 23 December 2013
Kejriwal said AAP has decided to give a letter to Lt Governor Najeeb Jung expressing its readiness to form the government Ending almost two-week-long deadlock, the Arvind Kejriwal-led Aam Admi Party (AAP)on Monday decided to form government at Delhi by taking outside support from...

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Moneylife Digital Team 21 December 2013
Reportedly Jayanthi Natarajan is expected to be drafted in Congress for work relating to party manifesto and other election matters Jayanthi Natarajan, the union minister of state for environment and forests has resigned as part of a shake-up within senior leadership in Congress. She...

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Moneylife Digital Team 21 December 2013
Deccan Chronicle Holding concealed several facts like its status as newspaper publisher, links with IPL team, criminal cases against its chairman and action taken by lenders under SARFAESI Act, which resulted in BIFR rejecting its appeal Deccan Chronicle Holdings Ltd (DCHL), the...

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Moneylife Digital Team 20 December 2013
According to Narayana Murthy it is difficult to imagine Infosys without Bala's passion, commitment and intellect   V Balakrishnan, who was with Infosys Ltd since 1991 and served the information technology (IT) company in various capacities, had resigned. This is yet another high...

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Moneylife Digital Team 20 December 2013
FMC has nominated SN Ananthasubramanian as an independent director on the board of MCX, following resignation from retired IAS officer RM Premkumar    Commodities market regulator Forward Markets Commission (FMC), has nominated SN Ananthasubramanian, president of the Institute of...

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For the time being, until the new wells start gushing out the gas, we have no alternative but to continue our dependence on imports Although systems are in place for continuous exchange of information on actual production of natural gas on a daily basis, the fall in production, and...

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Moneylife Digital Team 19 December 2013
Devyani Khobragade claims the value of her properties at Rs1.78 crore plus three tracts of land in her own statement to MEA. A lot of her properties are inherited from or gifted to her by her father, Uttam Khobragade, a controversial former IAS officer Dr Devyani Khobragade, the officer...

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Jake Bernstein  and   Jesse Eisinger (ProPublica) 19 December 2013
There have now been more than $435 million in SEC settlements regarding one of the most notorious groups of mortgage securities deals behind the financial crisis Five years after the financial crisis, the Securities and Exchange Commission appears to be wrapping up its investigation into...

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