ECONOMY & NATION


IANS 05 February 2018
Healthy demand conditions pushed Indian services sector's output higher during January 2018, key macro-economic data showed on Monday.   Accordingly, the seasonally adjusted Nikkei India Services PMI Business Activity Index registered an overall increase from 51.7 in January to 50.9...

Read More



Moneylife Digital Team 05 February 2018
A proposed retrospective amendment in Foreign Contribution Regulation Act (FCRA) will condone illegalities committed by political parties in raising foreign donations. This is ill-advised, and detrimental to the national interest and unethical, says EAS Sarma, former secretary to the...

Read More



Srikanth Adiga 05 February 2018
Since the National Democratic Alliance (NDA) came to power, the term “Ease of Doing Business” is one of the most talked about phrase by ministers and the Prime Minister, and rightly so. It was high time the politicians started talking about it. It seems that the government did act on this...

Read More



S Manjesh Roy 05 February 2018
The proposed Financial Resolution and Deposit Insurance (FRDI) Bill, and more specifically its ‘bail-in’ clause, has generated widespread consternation in the public, notwithstanding the official assurances. Briefly, this bill emanates from the recommendations of the Financial Sector...

Read More



IANS 05 February 2018
The Australian government on Sunday ruled out financing for the railway project to link the Adani Group's proposed $12 billion Carmichael coal mine project in Australia to a port.   In an interview to Sky News, Assistant Minister for Vocational Education Karen Andrews said the federal...

Read More



Moneylife Digital Team 03 February 2018
Thousands of commuters in Mumbai faced delays and detours on Friday night after a fire broke out in one of the coaches of a suburban train on Central line at Dadar station. A spokesperson for the Central Railway was quoted in reports saying that this was possibly a case of brake binding - a...

Read More



IANS 03 February 2018
The Shri Rajput Karni Sena on Friday announced it has decided to take back its protest against the release of Sanjay Leela Bhansali's "Padmaavat", stating the movie glorifies the valour of the Rajputs.   Shri Rashtriya Rajput Karni Sena's Mumbai leader Yogendra Singh Katar said that...

Read More



Sailesh Mishra 03 February 2018
At first glance, the Budget 2018 basket looks attractive, but when you take a closer look, you realise its just some crumbs thrown to 100 million plus elders in India, overlooking the broader perspective. Budget after Budget, the senior citizens have been neglected by the earlier United...

Read More



Moneylife Digital Team 02 February 2018
Huge bad loans in banks is a big problem, but there is nothing much about  recovering non-performing assets (NPAs) in the Budget, except for measures to tackle NPAs of micro, small and medium enterprises (MSMEs), presented by Finance Minister Arun Jaitley, says a bank union.    In a...

Read More



IANS 02 February 2018
Alleging a multi-crore scam of prime land in Manesar in Haryana's realty goldmine district Gurugram, the CBI on Friday filed a chargesheet in the land deal against former Chief Minister Bhupinder Singh Hooda, senior bureaucrats and others in a court in Panchkula adjoining...

Read More



Amiya Kumar Kushwaha (IANS) 02 February 2018
Separatists in Kashmir have been using the cross-border trade route and linkages with Pakistan to smuggle weapons and generate money to fuel their anti-India agenda in Jammu and Kashmir, the NIA has said in its charge sheet to prosecute Hurriyat leaders for allegedly stoking terror in the...

Read More



C Uday Bhaskar (IANS) 02 February 2018
India's overall financial outlay in the national budget offers some instructive insights about the constraints and the opportunities in which national security, in its most comprehensive definition, is pursued at the policy level.   A brief comparison with the allocation announced on...

Read More



IANS 02 February 2018
New Delhi, Securities market regulator Sebi might mandate large corporates to meet about one-fourth of their financing needs through the bond market.   "Reserve Bank of India has issued guidelines to nudge corporates access bond market," Finance Minister Arun Jaitley said in his...

Read More



IANS 02 February 2018
Mumbai, The Reserve Bank of India (RBI) on Thursday said that the Centre has nominated two directors to its central board.   "... The central government has nominated Prasanna Kumar Mohanty and Dilip S. Shanghvi as directors to the Central Board of the Reserve Bank of India for a...

Read More



Ameet N. Patel 01 February 2018
The Finance (No. 2) Act, 2004 brought about a sea change in the taxation of capital gains on transfer of listed shares and units of equity oriented mutual funds. In the Notes to Clauses explaining the amendments, it was stated that “With a view to simplify the tax regime on securities...

Read More



Moneylife Digital Team 01 February 2018
The Indian government on Thursday said that it is firmly on the course to achieve high growth of 8% plus, as manufacturing, services and exports are back on good growth path. While GDP growth at 6.3% in the second quarter of 2017-18 signalled turnaround of the economy, growth in the second...

Read More



Moneylife Digital Team 01 February 2018
While presenting the new provisions of long-term capital gains (LTCG), Finance Minister Arun Jaitley said that "I propose to tax such long term capital gains exceeding Rs1 lakh at the rate of 10% without allowing the benefit of any indexation. However, all gains up to 31 January 2018 will be...

Read More



Moneylife Digital Team 01 February 2018
Here are the highlights of the Budget 2018-19 presented by Finance Minister Arun Jaitley in the Parliament. Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors Government says a...

Read More



Moneylife Digital Team 01 February 2018
The union budget has brought some relief for senior citizens who have long been harried over falling interest rates, propensity of bank to deduct tax at source (TDS) even when their income was below the tax threshold. This and other such concessions will apparently provide relief to the tune...

Read More



IANS 01 February 2018
In an effort to curb the proliferation of crypto currencies like Bitcoin in India, Finance Minister Arun Jaitley on Thursday said the government will eliminate virtual currencies' usage for illegitimate financing.   "Crypto currencies are not legal tender and the government...

Read More

Free Helpline
Legal Credit
Feedback