DAILY NEWS: OUR PICKS


Moneylife Digital Team 17 April 2013
MCHI's property exhibition in Mumbai suggests weak demand from end-users due to high prices. There were a few discounts or promotional schemes on offer but none more than 5% of the sales price. Weak affordability remains the key concern for near-term volumes and a revival hinges upon income...

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Rob Garver  and   Charles Seife (Special to ProPublica) 17 April 2013
In 2010, the US FDA uncovered violations it later called "egregious" and "pervasive" at a major pharmaceutical testing lab. But even though the agency no longer knew for sure that drugs tested there were safe, it allowed them to remain on pharmacy shelves with no new testing - in some cases...

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An RBI deputy governor explains with great clarity the customers’ problems and also the solutions, but prefers to remain passive Not long ago, Reserve Bank of India (RBI) deputy governor Dr KC Chakarabarty, triggered widespread outrage, when he seemed to give a clean chit to the three...

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SEBI recently issued a press release claiming to have busted an organised gang trying to cheat targeted individuals with the false promise of riches. Its claims leave a lot of questions unanswered   On 9th April, the Securities & Exchange Board of India (SEBI) issued a press release...

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Moneylife Digital Team 16 April 2013
The Electricity Act does not allow preferential treatment to anybody as far as supply of electricity is concerned, according to KK Bajaj of the Consumer Education and Research Centre The nine-month-old decision in Uttar Pradesh to provide round-the-clock electricity to the two places,...

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K Saldanha 16 April 2013
A diamond is the most precious gem, a girl’s best friend, and whatever else the advertisements say. But have you tried to sell one, asks K Saldanha The Forbes survey of 13,000 women and 1,000 men from five countries in February 2013 on the reasons for their diamond craze found that...

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Moneylife Digital Team 16 April 2013
High speeds, needless stops and delays, and the conflict of drivers who enter a junction over those who are trying to exit have created problems.  The situation is even worse at junctions under the flyovers, says a report of the HPC appointed by the home ministry It is seen that Mumbai...

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Here is an imaginary dialogue between a confused CA—Arjuna and Lord Krishna—which makes for an interesting reading, more particularly in these days, when questions are raised on the integrity of the members of the once an extremely honourable accountancy profession The editors of The...

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Moneylife Digital Team 16 April 2013
The CIC expressed concern over unpreparedness and incapability of the transport department of GNCTD in monitoring revenue collections by private dealers under the PPP agreement. This is the 74th in a series of important judgements given by former Central Information Commissioner Shailesh...

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Moneylife Digital Team 16 April 2013
In Mumbai, cars and bikes constitute 86% or 17.45 lakh vehicles but carry just 13% of the load while 40,600 buses account for 26% of the trips, reveals a report by a High Powered Committee. This highlights the need for more public transport, especially buses in the city The High Power...

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Moneylife Digital Team 16 April 2013
According to an RTI reply, during 2008-09 to 2012-13, the Press Council closed majority of complaints it received against paid news and misleading ads due to non-pursuance and settlement The Press Council of India has been closing complaints of “paid news” citing non-pursuance by...

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Moneylife Digital Team 16 April 2013
The new scheme from Canara Robeco will invest in companies linked to the Indian agribusiness sector. This sector may look attractive, but what are the risks?   Canara Robeco Mutual Fund recently filed an offer document with the Securities and Exchange Board of India (SEB) to launch an...

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Moneylife Digital Team 16 April 2013
The High Powered Committee appointed by the Bombay High Court has suggested that tools like breathalyzer, e-challan system, radio frequency identification device be explored and used for better traffic monitoring, enforcement and supervision The High Powered Committee (HPC) appointed by...

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When a banker comes to your home, exploits your trust and dupes you, he is called a bankster. Why doesn’t such systematic criminal exploitation of hapless depositors move the government and the banking regulator? This 79-year old has resorted to Gandhigiri to get justice In the past...

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Moneylife Digital Team 15 April 2013
Gold and silver prices have crashed all over the world. This has confounded those who believed the endless allure of these metals, because pop-economists told them that global monetary easing is good for gold and silver. Indian savers will also be traumatised by the impact on gold loan...

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Moneylife Digital Team 15 April 2013
To improve the technology in use for driving tests, necessary hardware such as simulators will  be  installed  at the three  RTO offices  on a  pilot basis,  and  will be eventually installed at all RTO offices, says the HPC report While the city of Mumbai is working towards better...

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Moneylife Digital Team 15 April 2013
MCGM  has  invited  an  Expression  of  Interest  (EOI)  for implementation  of  “Web  Based  Paring”  for  on-street  parking,  which  involves electronic  hand -held  devices  capable  of  issuing  the  e-challans  of  parking  fees and storing   data  to  the central  server  of  MCGM

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While much of the recent economic gains have been attributed to the actions of the Federal Reserve, the Fed could be harming as much as it is helping. The question will be what happens when the free money disappears? At that time we will finally know the true state of the US economy and it is...

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Moneylife Digital Team 15 April 2013
When the PIO claimed that the file relating to the pension case of the applicant was not available, the CIC asked him to register a police complaint for the theft or loss of the file. This is the 73rd in a series of important judgements given by former Central Information Commissioner...

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Moneylife Digital Team 15 April 2013
There were just two months in FY12-13 where equity mutual fund scheme inflows were positive. Heavy outflows over the previous months led to the highest outflows for a particular financial year After nine months of consecutive net outflows, equity mutual fund witness a positive net inflow...

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