DAILY NEWS: OUR PICKS


Moneylife Digital Team 28 May 2013
During 2012-13, about Rs160 crore was paid to depositors of 13 failed co-operative banks. The DICGC used money collected from depositors of other banks under the credit insurance scheme. Not a single rupee was paid on account of any failed nationalised or private banks. This only shows that...

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Moneylife Digital Team 28 May 2013
Kerala, the first state to tighten guidelines on multi-level marketing companies, has cracked the whip on Amway, which is among the first multinational direct marketing companies to enter India in the 1990s. What does the Kerala action mean for other chain-schemes such as QNET and others,...

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Moneylife Digital Team 28 May 2013
Performance appraisals or annual confidential reports of government servants are not exempted under Section 8(1)(j) of the RTI Act and should be disclosed, ruled the CIC. This is the 101st in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi...

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The markets have ignored all bearishness, but the upward movement is not sweeping across all stocks and sectors. Good quality stocks are becoming expensive. It is time to take some money off the table and preserve liquidity The stock markets are giving an indication that our economy is...

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Moneylife Digital Team 28 May 2013
US Equity Schemes made available to Indian investors have delivered scorching returns over the past five months. Should you consider these schemes for your portfolio? With the US equity market shooting up in the past six months, schemes like FT India Feeder - Franklin US Opportunities...

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Harjot Kaur 28 May 2013
IIBs for the retail investors will come a few months later. But they may not turn out to be great options The first tranche of inflation-indexed bonds (IIBs) will be issued on 4 June 2013, the finance ministry and the Reserve Bank of India (RBI) announced recently. The government plans...

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Moneylife Digital Team 27 May 2013
Maharashtra has decided to offer lands to the lessees at about 20% to 30% of the market value. Some lessors are even allowed to continue at the old rates. That too when the state government could earn Rs25,000 crore annually just from the lease rents Seeking correct price determination...

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Moneylife Digital Team 27 May 2013
Unless the Nifty breaches the high of 6,229, the trend on the index cannot be determined. In fact, there is a strong chance of a decline, despite today’s strong rally   The benchmarks settled 1.66% higher on support from heavyweights in the oil &gas, consumer durables and healthcare...

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Moneylife Digital Team 27 May 2013
MPs from Lok Sabha and Rajya Sabha decide their own salary and perks. Has the time come when pay, perks and privileges of Parliamentarians may be fixed on recommendations of some outside agency like Pay Commissions? Many members of Parliament (MPs) appointing their family members, like...

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Moneylife Digital Team 27 May 2013
Various departments in Delhi went around stating that they feel it was an illegal encroachment but did not make any comment, leaving the appellant and the CIC wondering whether there was any governance structure at all. This is the 100th in a series of important judgements given by former...

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Mohan Siroya 27 May 2013
Who is monitoring the implementation of quality of services and in cases of violations, what the TRAI is doing? If a service provider explicitly or deliberately violates the QOS, it gets immunity till the violation is set right and no penal action for such anti–consumer act is transparently...

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As long as the justice delivery system remains slow and our courts refuse to order crippling monetary penalties, zero-tolerance of sexual harassment at the workplace will be discussed endlessly at HR seminars but never implemented. High on IQ but low on common sense. That, in a nutshell,...

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The course Shinzo Abe is following is not unique to Japan. Central bankers, by following Japan, are making the same mistake over stimulus and reforms. Stimulus alone without the most important part, reforms, is simply a recipe for trouble Has the Japanese prime minister Shinzo Abe found...

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Moneylife Digital Team 24 May 2013
Pressure on NPAs, especially for public sector banks will continue as more loans turn into non-performing assets due to the overall slowdown in the Indian and global economy, says a study by NPAsource   Net non-performing assets (NPAs) or bad loans of 39 listed banks increased by a...

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Moneylife Digital Team 24 May 2013
Around 75 private and 12 PSU companies are yet to comply with the revised minimum public shareholding norms. Over the next few days, promoters of these 75 would have to sell shares worth about $1.9 billion   Even as the deadline to increase public shareholding to 25% (for private...

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Moneylife Digital Team 24 May 2013
According to Nomura, the US immigration bill, if passed, would place the Indian IT business model at competitive disadvantage compared with MNCs and depress margins irrevocably   The overriding factor in the information technology (IT) sector currently remains the overhang due to the...

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Respect nature as your mother and learn from her; if you abuse nature, she will kick you in the teeth! Long live mankind learning from nature as our Indian scientists of yore did   “When one tugs at a single thing in nature, we find it attached to the rest of the world”— John Muir    ...

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Moneylife Digital Team 24 May 2013
An aggrieved father, who lost his son due to a sudden flood, wanted to know if anyone in the Delhi government was responsible for informing citizens about sudden discharge of excess water from reservoirs and the Yamuna River. This is the 99th in a series of important judgements given by...

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Joaquin Sapien (ProPublica) 24 May 2013
Jabbar Collins spent 16 years in prison for murder before he won his freedom and a chance to take on the man who put him behind bars. ProPublica examines the career of that prosecutor, Michael Vecchione, the allegations against him, and what strikes many as an inexplicable lack of...

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Moneylife Digital Team 23 May 2013
Its proprietary indicator, NESII, or the “surprise indicator”, feels that optimism in the market has gone one step too far and a turning point could be inevitable   Nomura expects markets to trend down in the coming weeks, if its “surprise indicator” is anything to go by. According to...

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