ECONOMY & NATION


IANS 15 November 2016
New Delhi: India's annual retail inflation eased last month to 4.20 per cent from 4.39 per cent in September and 5 per cent reported during the corresponding period last year, official data showed on Tuesday.   According to CPI (Consumer Price Index) data released by the Central...

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Moneylife Digital Team 15 November 2016
The Board of Directors of Tata Global Beverages on Tuesday decided to replace its Chairman Cyrus P Mistry. Harish Bhat, a non-executive director is the new Chairman of the company. The company has 11 board members including six independent directors. In a fresh twist, the office of...

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IANS 15 November 2016
Chennai: Indian pharmaceutical industry will face pricing pressure in the US and domestic markets for some more time to come and the players have to focus their research and development (R&D) on speciality/complex drugs, said global credit rating agency Fitch Ratings.   Giving a...

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Moneylife Digital Team 15 November 2016
India woke up to a new beginning that will soon make the black shadows lurking around its economic well-being a thing of the past. A landmark decision by the Government of India to demonetise Rs500 and Rs1,000 notes is sure to be emblazoned in the annals of modern India's history. This bold...

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Moneylife Digital Team 15 November 2016
Highlighting the suffering of bank employees during the ongoing demonetisation scheme, the Indian National Bank Employees' Federation (INBEF) has requested Finance Minister Arun Jaitley to resolve the impasse for smooth uninterrupted service to the clienteles by the bank employees and also...

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Moneylife Digital Team 15 November 2016
Hitting out at Tata Sons for the holding company's allegations over expenses and impairment through a full-page newspaper advertising, the office of Cyrus P Mistry says this is 'another brazen attempt to mislead the public and shareholders."   The statement from Mr Mistry's office...

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IANS 15 November 2016
Moscow: Russian Economic Development Minister Alexey Ulyukayev has been detained over corruption involving a bribe of $2 million, the Investigative Committee said on Tuesday.   Committee spokesperson Svetlana Petrenko said Ulyukayev received the money for a positive assessment the...

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IANS 15 November 2016
New Delhi; With reports of Jan-Dhan accounts being used by other people to deposit their unaccounted cash, the Finance Ministry on Tuesday set an upper limit of Rs 50,000 for deposits into these accounts.   "Some people are using Jan-Dhan accounts to deposit black money. Up to Rs...

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IANS 15 November 2016
New Delhi; The government will use indelible ink like during elections to prevent people from making more than the permissible number of times cash withdrawal from bank counters, it was announced on Tuesday.   Economic Affairs Secretary Shaktikanta Das told the media that Prime...

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IANS 15 November 2016
New Delhi: The Supreme Court on Tuesday asked the Centre to explain the steps it has taken or will take to deal with the chaos outside banks and ATMs following the demonetisation move.   Observing that people should not suffer, Chief Justice T.S Thakur and Justice D.Y. Chandrachud,...

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IANS 15 November 2016
New Delhi: Even as prices of pulses and potatoes ruled high, India's annual rate of inflation based on wholesale prices fell marginally to 3.39 per cent for October from 3.57 per cent for the month before, official data showed on Tuesday   As per data on the wholesale price index...

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IANS 15 November 2016
Seoul: South Korean President Park Geun-hye will be questioned by prosecutors over a corruption and influence peddling case that has sparked a huge controversy and has brought tens of thousands of people on the streets demanding her resignation.   On Tuesday, Park named attorney Yoo...

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IANS 15 November 2016
Mumbai: The independent directors of Tata Motors on Monday reposed their faith in Chairman Cyrus Mistry, while taking up the second quarter results for this financial year.   In a regulatory filing with the BSE, such directors said they reviewed the recent developments in the group...

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Amit Kapoor (IANS) 15 November 2016
The past week has been momentous with two important events: the election of Donald Trump as the 45th US President and the Indian governments decision to demonetise the Rs 500 and Rs 1,000 currency notes.   Both had an element of surprise. While many opinion polls had predicted a...

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By any standards demonetisation of 86% Indian currency that affects the wallets of 125 crore population is no ordinary decision. The Union Government sent shock waves among not just the hoarders of unaccounted money but also among the state governments and the huge political constituency. The...

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IANS 14 November 2016
The government on Monday said it has constituted a task force to speed up the re-calibration of ATM machines and increase the disbursement of cash through various other channels.   The decision in this regard was taken at a high-level meeting chaired by Prime Minister Narendra Modi on...

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IANS 14 November 2016
To ensure smooth traffic flow on national highways, Union Minister Nitin Gadkari on Monday announced that the government has decided to extend the suspension of the fee collection at all the toll plazas till November 18.   "Toll suspension is extended till 18th November midnight...

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IANS 14 November 2016
In a bid to ensure that people in rural areas are able to get access to cash, the government has enhanced the currency limits of banking correspondents, allowed them multiple visits to banks and disburse more money through branch post offices.   Briefing the media on Monday after a...

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IANS 14 November 2016
Global credit rating agency Fitch Ratings on Monday forecast that inflation in India would touch Reserve Bank of India's (RBI) medium term target range of two-six per cent by end 2018.   In its bi-monthly newsletter the rating agency said: "Fitch forecasts that inflation will drift to...

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Moneylife Digital Team 14 November 2016
Maintaining that good corporate governance balances promoters interests with minority shareholders rights, the office of Cyrus P Mistry, the ousted Chairman, has questioned the motive of Tata Sons, the holding company of the Tata Group, in questioning independent directors for carrying out...

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