ECONOMY & NATION


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...

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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...

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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...

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Moneylife Digital Team 13 June 2014
The latest IIP performance comes in at a much higher rate than expected, and hence is very encouraging and provides strong indications of improvement in business sentiments, says CARE Ratings Surpassing market expectations, the index of industrial production (IIP) for April 2014 came in...

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Dalbir Chhibbar 12 June 2014
All minor taxes and levies whether at central or state level or of municipal bodies must be abolished because these authorities may be spending more money on collection or recovery than the revenues All minor taxes and levies whether at central or state level or of municipal bodies must be...

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Moneylife Digital Team 12 June 2014
According to Rabobank, the newly elected Modi government is most likely to push ahead with large numbers of stalled public sector projects, invite FDI in sectors like railways and bring major administrative reforms There has been a dramatic transformation in India's prospects over the...

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Moneylife Digital Team 12 June 2014
With Sikka, the former SAP executive, set to take over the reins, Infosys founder Narayana Murthy is going back to his 'vanaprasthashram'. Kamath would become non-executive chairman, while Pravin Rao, who was one of the contenders for the top post, would become new COO of Infosys Infosys...

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Moneylife Digital Team 11 June 2014
Toyota recalled 2.27 million vehicles globally covering 20 models, including its Corolla sedan, Yaris sub-compact and Noah minivan over an airbag system defect that could cause fires Japanese car-maker Toyota Motor Corp on Wednesday said it recalled 2.27 million vehicles globally from 20...

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 Let's develop our own resources that are lying to be discovered and mined. We have wasted enough time in getting fuel supply agreements -FSAs signed without backing up and increasing domestic coal production Addressing the joint session of Parliament, President Pranab Mukherjee stated...

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Dalbir Chhibbar 11 June 2014
One of Prime Minister Modi's poll promises was to end this 'tax terrorism' and give relief to not just individual taxpayers from the middle classes, but also to business and small entrepreneurs all across the country Encouraging and building a non-adversarial tax regime is one of the...

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Moneylife Digital Team 11 June 2014
‘Amma Salt’, an initiative of the Tamil Nadu Salt Corp, will now be available in the open market across the state at prices lesser than those of private producers Following the success of pro-poor canteens and mineral water schemes, the Jayalalithaa Government on Wednesday launched 'Amma...

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Moneylife Digital Team 11 June 2014
US District Judge Brian Cogan granted Sonia Gandhi’s motion to dismiss the complaint filed by Sikhs for Justice or SFJ for 'lack of subject matter jurisdiction and failure to state a claim' A US court in New York has dismissed a lawsuit against Congress president Sonia Gandhi in a 1984...

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Corporates and taxpayers alike have been harassed by the 'tax terror'. It is time to put an end to the income tax department's misadventures Prime minister Narendra Modi’s second major initiative within days of forming the government is initiating the much-needed tax and law reforms. The...

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Moneylife Digital Team 10 June 2014
With excise duty cuts providing some succour, auto sales in May rose 13.2% to 16.98 lakh units, says SIAM Domestic passenger car sales grew 3.08% to 1.49 lakh units in May compared with 1.44 lakh units in same month last year.   According to the data released by the Society of...

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Moneylife Digital Team 09 June 2014
According to CRISIL, with ongoing price revisions and softer crude prices under-recoveries of state-run oil companies would halve Ratings agency CRISIL said, as efforts are taken to move towards market-linked diesel prices, there are expectations in the decline in the prices of petroleum...

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Moneylife Digital Team 09 June 2014
President Mukherjee's address is the political, economic and foreign policy roadmap of the Narendra Modi Government and covers virtually all the crucial areas, including the need to address the difficult economic situation Here are the highlights of the President's speech...  

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Dalbir Chhibbar 09 June 2014
Our constitutional bodies can be leveraged to drive systemic change for the future and here are a few ideas in that direction India's constitutional bodies have had a chequered past. Some, like the Comptroller and Auditor General (CAG), have been recent stars; the Central Vigilance...

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As a low cost, no frills airline, AirAsia will be a completely new experience for air travellers in India. Travellers who have been used to 'free' bonanzas like extra baggage allowance, hand bags, service on board and other amenities, will now have to forego these luxuries! According to...

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Moneylife Digital Team 06 June 2014
In the event of growth in the Euro zone slowing down, Indian exports would tend to get affected – though the impact will not be too severe, says CARE Ratings   The European Central Bank (ECB) on Thursday announced unprecedented measures in its monetary policy review meeting to...

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Moneylife Digital Team 06 June 2014
The government has decided to undertake fresh valuation and assessment of fair share value of HZL to reduce or sell its entire 29.5% stake in the Vedanta group company The Finance Ministry has started the process for a fresh valuation of Hindustan Zinc Ltd (HZL), seeking to push through...

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