ECONOMY & NATION


Moneylife Digital Team 02 January 2014
Mumbai Police have issued lookout notice against 10 people including QNet founder Vijay Eswaran and former billiards champion Michael Ferreira in the Rs425 crore QNet scam case The economic offences wing (EOW) of Mumbai police has issued lookout notices against 10 people including...

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Moneylife Digital Team 31 December 2013
According to NPAsource.com, Maharashtra, largely due to Mumbai, tops both the categories of commercial and residential NPA properties for sale Commercial and residential properties of non-performing assets (NPAs) with banks and financial institutions worth an estimated Rs7,700 crore are...

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Looking at the issues faced by MSMEs in borrowing money from banks, one really wonders why this happens when there is a code of banks commitment to micro and small enterprises Micro, Small and Medium Enterprises (MSMEs) are often hailed as the pillars of Indian economy. Their...

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In order to increase coal production, Moily must ensure that projects do not get inordinately delayed on the issue of clearances that apparently plague the industrial development, particularly in the mining industry With Jayanthi Natarajan leaving the ministry and Veerappa Moily taking...

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Moneylife Digital Team 30 December 2013
Tesco is the first global retailer to apply for multi-brand retailing after the Indian government allowed 51% FDI in the segment The Foreign Investment Promotion Board (FIPB) on Monday approved UK-based Tesco Plc's proposal to enter Indian multi-brand retail segment in a joint venture...

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Moneylife Digital Team 30 December 2013
Welspun Corp is selling its entire 39.88% stake in Leighton Welspun Contractors India Pvt Ltd for $99 million and would the money to reduce its debt Welspun Corp Ltd (WCL) said its unit Welspun Infra Projects Pvt Ltd will sell its entire 39.88% stake in Leighton Welspun Contractors India...

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Moneylife Digital Team 30 December 2013
India’s overall CRISIL Inclusix score has risen by 2.7 in fiscal 2012 – the highest annual increase since 2009, says Roopa Kudva, MD & CEO, CRISIL CRISIL today released the latest scores for CRISIL Inclusix, its financial inclusion index, based on the latest data (as on 31 March 2012)...

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Moneylife Digital Team 30 December 2013
With its second major overseas divestment in just nine months, the GMR group expects to reduce its debt by about Rs5,000 crore GMR Group on Monday said it signed a definitive agreement with Malaysian Airports Holding Berhard (MAHB) to divest its 40% stake in Istanbul Sabiha Gökçen (ISG)...

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Moneylife Digital Team 30 December 2013
Would you like to save on mobile banking transaction charges? Then, you need to know that only four banks out of 59 banks charge customers for using the interbank mobile payment system and even NPCI charges just 25 paise per IMPS transaction from the remitter bank State Bank of India...

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Moneylife Digital Team 30 December 2013
The warning from RBI comes even as some political observers are expecting a hung Parliament after the Lok Sabha elections next year The Reserve Bank of India (RBI) has warned that any political instability after the general elections in 2014 will drag the beleaguered economy further...

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The suggested timeline of 210 days for CDR has potential for misuse, especially when the original loan may have been sanctioned within less than 30 days. This will only give defaulters more time and escape route The Reserve Bank of India (RBI)’s draft paper on ‘Revitalising Stressed...

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Free money from the US Fed allowed Turkey, South Africa, India, Brazil, and Indonesia and others to run deficits as their higher interest rates created a demand for their bonds and currencies. Now that has reversed So far the markets seem to have taken the US Federal Reserve’s (Fed)...

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Free money from the US Fed allowed Turkey, South Africa, India, Brazil, and Indonesia and others to run deficits as their higher interest rates created a demand for their bonds and currencies. Now that has reversed So far the markets seem to have taken the US Federal Reserve’s (Fed)...

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The government has finalised arrangements with some 23 countries with whom Indian importers and exporters can trade in local currencies, thus eliminating dependence upon third party currency like the US dollar   What is this Currency Swap Arrangement (CSA)? This arrangement, between two...

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Moneylife Digital Team 27 December 2013
According to Cebr WELT report demographics and economic growth will eventually drive the Indian economy up and the forecast for 2028 has India overtaking Japan to become the world’s third largest economy  London-based economic consultancy Cebr has said India is likely to overtake Japan...

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Hope Veerappa Moily is able to clear all the pending environmental issues that Jayanti Natarajan has left as her legacy Petroleum minister Veerappa Moily has taken over the additional responsibility of being the Minister of Environment & Forests (MoEF), a job from which Jayanti Natarajan...

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Hope Veerappa Moily is able to clear all the pending environmental issues that Jayanti Natarajan has left as her legacy Petroleum minister Veerappa Moily has taken over the additional responsibility of being the Minister of Environment & Forests (MoEF), a job from which Jayanti Natarajan...

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Moneylife Digital Team 26 December 2013
Narendra Modi got a reprieve in 2002 Gulbarg society case as the metropolitan magistrate rejected Zakia Jafri's plea against clean chit to the Gujarat CM in SIT's closure report A magistrate court in Ahmedabad on Thursday while giving clean chit to Gujarat chief minister Narendra Modi...

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RBI launched inflation indexed bonds will be available till 31st December. The good news is that the rate will be linked to CPI instead of WPI - the less accurate gauge of inflation. The bad news is that early redemption, even after the lock-in period is over, will entail hefty penalty....

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Moneylife Digital Team 26 December 2013
Kejriwal said he would personally invite Anna Hazare, his guru, but the Gandhian said he may not attend swearing-in ceremony due to his ill-health Arvind Kejriwal, the founder of Aam Aadmi Party and Delhi's Chief Minister designate on Thursday said he would personally invite his 'guru'...

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