ECONOMY & NATION


Moneylife Digital Team 17 January 2014
While commodity bourses will not apply initial, additional and special margins on hedgers or sellers who give delivery, the Exchanges would continue to collect MTM margins Commodities market regulator Forwards Markets Commission (FMC) has exempted hedgers from paying risk margin in...

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Moneylife Digital Team 17 January 2014
Indirectly referring to its 2012 verdict by which it had quashed the DA case against Mayawati merely on technical grounds the Supreme Court said that CBI should have got proper advice and acted on that basis The Supreme Court on Friday issued a notice to Bahujan Samaj Party (BSP) chief...

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If details can be worked out, there could be substantial trade with Pakistan via the land border at Wagah, instead of indirect trade through UAE Just about twenty years ago, in 1996, India extended the ‘Most Favoured Nation’ (MFN) status to Pakistan, and it was expected that they would...

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Moneylife Digital Team 16 January 2014
Gary Kenneth Toomey is the second CEO after Nikos Kardasis to leave Jet Airways within seven months. Ravishankar Gopalakrishnan, has been appointed as 'acting chief executive officer' of the carrier Naresh Goyal promoted Jet Airways has lost another chief executive within a span of just...

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State-run companies need to help the Indian government to overcome fiscal deficit and still make an investment in a profitable venture Regular readers of Moneylife know that Coal India is the world's largest coal producer, owning most of the coalfields in the country, and producing...

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Moneylife Digital Team 15 January 2014
Inflation based on WPI declined to 6.16%, the lowest since July 2013 raising hopes of a rate cut by RBI later this month A moderation in vegetable prices helped to pull down inflation to a five-month low of 6.16% in December. This raises hopes of a rate cut by the Reserve Bank of India...

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There is an urgent need to encourage corporate bodies to invest in building up the infrastructure facilities for storage and exports of foodgrains In order to support the Food Security Act, the Ministry of Agriculture has estimated that the essential foodgrains in India, to the extent...

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Moneylife Digital Team 14 January 2014
According to Care Ratings, the RBI may contemplate a rate cut if the WPI and CPI figures continue to move downwards over the next two months There finally seems to be some respite in the economy with the retail inflation for the month of December 2013, as measured by the consumer price...

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Shambo Dey 14 January 2014
This is the concluding part of a two-part series on the technical and legal issues of virtual currencies, especially Bitcoins. One of the major legal issues in Bitcoin like economy is anyone could be a victim of theft or malpractice and there is no consumer protection available This part...

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It is ironic that pellet plants and iron ore mines are both located in Karnataka. Yet the state obtains iron ore from Chhattisgarh at great cost of transportation, making it unviable for export It may be recalled that, on account of illegal mining activities, the Supreme Court had banned...

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Moneylife Digital Team 13 January 2014
The wheat production this year will be an all time high production and will beat all previous records, according to Minister of State for Agriculture and Food Processing Industries, Mr Tariq Anwar at an ASSOCHAM event held in New Delhi India is likely to achieve record wheat production...

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Shambo Dey 13 January 2014
In this two part series, we take a look at technical and legal issues related to virtual currencies, especially Bitcoins. This is the first part on technical aspects of Bitcoins Before we go into a discussion of Bitcoins, it is important to understand what digital cash is.   What...

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Moneylife Digital Team 13 January 2014
Higher exports and weak imports have provided enough room for India’s merchandise deficit to narrow. However, weak IIP growth, high inflation require immediate corrective action, says SBI Research Trade numbers released on Monday indicate export growth at merely 3.5% and imports...

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Moneylife Digital Team 13 January 2014
Bharat Forge’s unit sold its entire 51.85% stake in its eight year old JV with China-based FAW group for Rs175 crore Bharat Forge Ltd (BFL), said its unit sold its entire 51.85% stake in its joint venture with China-based FAW group for Rs175 crore. The company’s unit, Bharat Forge Hong...

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Moneylife Digital Team 13 January 2014
DGH Choubey, who was part of the Kelkar Committee, has said that the panel had exceeded its brief and quoted data that had no attributable author or source The Director General of Hydrocarbons (DGH) has put in a strong note of dissent against the Vijay Kelkar Committee suggestion to...

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Moneylife Digital Team 10 January 2014
Devyani Khobragade, whose visa episode caused the US-India diplomatic ties to flare up, is returning to India Devyani Khobragade, senior Indian diplomat, who made headlines all over the world for her visa fraud which caused a diplomatic spat between United States and India, is headed...

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Moneylife Digital Team 10 January 2014
Nomura sees the Indian government lower spending by 0.6% of GDP over the next four months to meet the fiscal deficit target The current run rate on the fiscal deficit leaves no space for slippage in the remaining four months of the fiscal year. It is estimated that the government will...

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Moneylife Digital Team 09 January 2014
About 50% of the refinancing amount, equivalent to 13% of the banking system net worth as on FY13, may present a significant underwriting challenge to bankers under the prevailing macroeconomic situation, says Ind-Ra Bank loans worth an estimated Rs1.9 lakh crore to Rs2.1 lakh crore...

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Moneylife Digital Team 09 January 2014
According to ZyFin Research’s indicator there may be a moderate IIP expansion in January ZyFin Research, a financial research and analytics company, expects moderate expansion in Index of Industrial Production (IIP) during January. ZyFin’s Business Cycle Indicator (BCI) as of December...

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Every auto enthusiast will be eagerly looking forward to the India Auto Expo in 2014, due to be held in a new venue. Also, what should you do about outstation registration of cars? There can be nothing more obtuse than the suggestion coming from lobby groups that motor vehicles over a...

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