ECONOMY & NATION


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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N Madhavan 18 September 2014
With its ample sunshine, India could easily add power generation capacity by using more solar energy and less fossil fuels.   Among the fresh bright minds that Rajiv Gandhi brought into government in the first flush of his landslide victory was PS Deodhar, who was appointed technology...

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Moneylife Digital Team 18 September 2014
Finding Mallya prima-facie guilty of fraud and criminal breach of trust, The Bulandshahr Magistrate Court summoned the Kingfisher Airlines' chief along with the company vice chairman Roopi Arya   A Court in Bulandshahr has summoned Vijay Mallya, chairman-cum-managing director of now...

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At least five banks are headless, the FM has little time to spare for the banking industry, but the finance ministry is only focussed on the PM’s pet project JanDhan Yojana   The entire banking industry, led by the finance secretary, is so focussed on enrolling people into the JanDhan...

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Moneylife Digital Team 17 September 2014
These are fast-tracking investment approvals, lowering stressed assets, expenditure control, improving productivity of rural employment and controlling inflation   Morgan Stanley said, the Narendra Modi-led Indian government is very keen on working to fix the macro problems that have...

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Moneylife Digital Team 17 September 2014
Keen to boost its trade ties with India, the Chinese side has already indicated that it will pledge to invest billions of dollars in India’s railway, manufacturing and infrastructure projects during its President Xi Jinping’s visit   India and China on Wednesday signed three...

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It may be a good idea for the Indian government to intervene and work out a uniform proposal for cane price in UP, similar to the linkage formula already in operation in Maharashtra and Karnataka   The new sugar cane crushing season is scheduled to start in about two weeks' time. Most...

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Narendra Modi set twitter records   Prime minister (PM) Narendra Modi is now acknowledged as a master communicator.   His massive electoral victory was a powerful and carefully choreographed multi-dimensional effort, but his big initial breakthrough was in bypassing a hostile...

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Moneylife Digital Team 15 September 2014
The EOW had arrested Susan Chatterjee, former daughter-in-law of Michael Ferreira in the Rs425 crore QNet scam. While Ferreira owns 80% stake in QNet's official franchisee in India, his son, wife and close relatives are also reportedly under the scanner   With the arrest of Susan...

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Moneylife Digital Team 15 September 2014
According to Nomura, headline WPI inflation in India would moderate further over the next four months before rising again as favourable base effects wear off   India's inflation based on wholesale price index (WPI) eased in August to a better-than-expected 3.7% from 5.2% in July on...

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Moneylife Digital Team 15 September 2014
The RBI governor said recent scandals underlined the need for better internal evaluation of lending processes and banking must become more engaged and informed   Reserve Bank of India (RBI) governor Dr Raghuram Rajan feels that the banking sector needs to question the categories under...

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What is needed is a pricing policy that should be market-driven. Policy on gas pricing should have to be realistic and practical!   It may be recalled that the gas price saga actually began in January this year. The gazetted new price could not be implemented with effect from 1st...

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It depends on two crucial questions: the effect of tighter monetary policy in the US and whether the Chinese real estate slowdown reverses or accelerates   Since the end of August, the American 10-year treasury yields have risen 11% to 2.60% from 2.33% last Friday. All of this is...

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Moneylife Digital Team 15 September 2014
According to SFIO, the Saradha group companies will face prosecution for violation of several laws   The Serious Fraud Investigation Office (SFIO), which completed its probe into the Saradha ‘chit fund scam’, said that its 14 group companies have been found to be running ‘ponzi...

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