PUBLIC INTEREST


Moneylife Digital Team 26 April 2012
The ministry of consumer affairs has said that it will soon set up an inter-ministerial group to tackle misleading ads. The group will have the powers take suo moto action against errant advertisements and also to withdraw them The menace of misleading advertisements such as tall claims made by...

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Moneylife Digital Team 26 April 2012
Indian companies raised a total of Rs5,800 crore during FY11-12 through initial public offers (IPOs)—a slump of 82% from the previous year, reports PTI. According to an analysis of the data available with the stock exchanges, 33 Indian firms raised Rs5,808 crore via the IPO route during the...

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Moneylife Digital Team 26 April 2012
Federal Bank has hiked the rate of interest on resident and non-resident external (NRE) term deposits, for a period of one year, to 10%, effective 3 April 2012.  The rate of interest for NRE term deposits for a period of one year to less than three years is 9.5% and for three years and above is...

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Moneylife Digital Team 25 April 2012
BCCI has always been a centre of controversy. The organisation has refused to come under the ambit of the RTI like other sports bodies, but recommends names for awards, which only an NSF recognised by the ministry of sports can do A public interest litigation (PIL) has been filed against the...

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While activists campaigning against President Pratibha Patil’s palatial post-retirement home in Pune are starting a signature campaign today in Pune for citizen support, they are waiting for some crucial answers to their queries invoked through the RTI Act While the work (though slowed down)...

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Dr SD Israni 25 April 2012
Robust economies have strong rule of law with impartial rule-enforcing authorities. When the rule of law suffers, it is business that feels the maximum impact India is a country based on ‘Rule of Law’. In such a society, all citizens are supposed to be equal before the law. The law is...

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The Scam, the only book on the two biggest securities scaam, is a perennial top seller among business books. Now in its 7th printing, the book reads like a thriller.  " During discussions that night, Subba Rao called R Sinha, chief general manager (vigilance). They discussed the course of...

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Moneylife Digital team 23 April 2012
Considering the issue of traffic congestion and frequent strikes by auto rickshaw drivers, an airport bus shuttle service would be efficient from the usability point of view Despite being the financial capital of India, Mumbai remains the only metro in India as well in the world to be without...

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Moneylife Digital Team 23 April 2012
A report in the Hindu Business Line says that the RBI wants banks to explore if they can provide unlimited number of ATM transactions at any bank ATM and also waive the annual ATM fee to senior citizens and physically/visually challenged customers. As per the current norms, banks allow their...

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Moneylife Digital Team 23 April 2012
According to the Pune District Consumer Disputes Forum, since it came into existence in 1988, of the 5,604 cases against services like banking, medical, telephone, insurance, electricity, airlines and railways, 45% are against builder/developers, reported The Times of India. In almost 95% of the...

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Moneylife Digital Team 23 April 2012
According to the district level data released by Census Directorate, the 2011 census shows that around 3.7 million houses, including 0.48 million houses in Mumbai alone, are lying vacant in Maharashtra. This year, the number of vacant houses in the state has jumped 10.5% compared to 8.5% a...

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The Governor of Tripura, DY Patil, had planed to fly down to Pune to pacify activists opposing President Pratibha Patil's post-retirement home; tweets depleted his confidence and he sent his confidante instead, who in turn asked the soldiers to "tone down the agitation" A couple of days back,...

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Are we creating infrastructure with huge investments which have not been designed for meeting challenges from disasters? In fact, these infrastructure themselves pose problems during normal times and more so during disasters 26 July 2005: It was another normal cloudy July day. Stray showers...

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Our politicians play ducks and drakes with the lives of millions of passengers travelling on this vast rail network either on work or holiday On Monday former railway minister Dinesh Trivedi, while speaking at an event organised by Moneylife Foundation, had said that there is an urgent need...

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Moneylife Digital Team 19 April 2012
Ramesh S Prabhu, chairman of the Maharashtra Societies Welfare Association said, “MOFA has been in force for almost 60 years. It is more consumer-friendly. The new Bill has many shortcomings” The Maharashtra government’s new Maharashtra Housing (Regulation & Development) Bill, 2011, is facing...

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The introduction of Right to Service Acts by various state governments is a step in the right direction that will help in bringing about transparency, accountability and efficiency in public service, thereby reducing corruption in public places “Government work is God’s work” so proclaims the...

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Any small incident like signal failure can bring the suburban rail network across Mumbai to a halt. The question, however, is why the Railways do not have any backup system in place? Just two days ago former railway minister Dinesh Trivedi, while speaking at an event organised by Moneylife...

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RTI documents reveal that the President’s office twisted home ministry rules in its communication to Defence Estate Office, Pune, to get allotment for President Patil’s much-desired land in Pune. The very nature of the land ‘A1’ makes occupation illegal for any civilian which includes the...

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Angry investors plan to keep a close watch on SEBI’s spending binge this time. The Securities and Exchange Board of India’s (SEBI) decision to splurge over Rs280 crore on property acquisitions, under UK Sinha, has raised many eyebrows and caused a lot of heartburn among other...

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Moneylife Digital Team 18 April 2012
The central railway trains were affected after a fire broke out around at two signalling cabins Local trains on Mumbai's main Central line were running about 45 minutes late this morning, sending the metropolis into a rush hour crisis. This was caused by a fire last night at the Kurla and...

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