ECONOMY & NATION


Yogesh Sapkale Yogesh Sapkale 01 March 2011
The move to remove tax sops with regard to SEZs seems at odds with the governmental policy and may spell the death knell for SEZs—once a hot favourite among corporates Special Economic Zones (SEZs), once the hot favourite of Corporate India (as well as politicians and bureaucrats) have been...

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Moneylife Digital Team 01 March 2011
Industry, analysts welcome clutch of proposals for housing for weaker sections and lower income group New Delhi:  The government has proposed a full tax rebate on affordable housing projects under a notified scheme, while also raising the ceiling of 1% interest subsidy on home loans up...

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Moneylife Digital Team 28 February 2011
Six paragraphs of the finance minister’s Union Budget speech were devoted to legislation and other steps to tackle corruption. Crusaders don’t believe the government has the will to follow cases to the end Following a year of national outrage over scams and the repeated raps from the...

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Moneylife Digital Team 28 February 2011
Pranab Mukherjee blames supply chain problems for rising food inflation, but announces long-term initiatives that will not resolve the problem of the aam aadmi quickly enough Finance minister Pranab Mukherjee has attributed galloping food prices to "shortcomings in distribution and marketing...

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Moneylife Digital Team 28 February 2011
Finance minister has hiked duty on iron ore export to 20% in order to restrict export and conserve resources. The duty increase would hurt Sesa Goa, the largest private exporter of iron ore from the country The finance minister today proposed to increase the export duty on all types of iron...

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Alekh Angre 28 February 2011
After finding the involvement of the company promoters in price-rigging, SEBI banned them from trading. However, questions are still being asked about Murli Industries’ accounting practices, where without taking on any fresh debt, its interest costs have doubled in the third quarter Murli...

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Moneylife Digital Team 25 February 2011
A uniform, simplified taxation system will benefit TV and newspaper businesses that have been growing fast through the launch of regional channels and editions When Union finance minister Pranab Mukherjee presents the Budget on Monday, media companies will be hoping that he will give them a...

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Sharad Matade 25 February 2011
ICVL, the joint venture between five State-owned companies, is also participating in the bidding process for acquisition of equity in some underdeveloped coal assets abroad International Coal Venture Ltd (ICVL) is reviewing several proposals for acquiring coal assets in Australia with a view...

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Sharad Matade 25 February 2011
Illegal mining of minerals has been impacting various industries as well as the country’s economy, and the amendment will strengthen the monitoring mechanism for end-to-end accounting of minerals produced, traded or exported, and consumed in India The government has amended Rule 45 of the...

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Debashis Basu Debashis Basu  and   Raj Pradhan Raj Pradhan 24 February 2011
In your desire to save tax, don’t buy a flawed product.  Debashis Basu & Raj Pradhan explore the tax-saving traps best avoided and reveal a right approach to save tax The period between January and March is the busiest one for life insurance companies. Lakhs of insurance agents...

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Veeresh Malik Veeresh Malik 24 February 2011
Before you sign on the dotted line to insure your automobile,  read the fine print carefully, with some help from Veeresh Malik As Moneylife has been constantly reporting, competition on the automobile insurance front is heating up, especially among private insurance companies. For a change,...

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Sharad Matade 24 February 2011
Improving manufacturing indices in the US and the EU has led to the increased demand; worldwide production up 5.3% to 119 million metric tonnes in January compared with 113 million metric tonnes during the same month of the previous year World crude steel production spiked 5.3% to 119 million...

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Moneylife Digital Team 24 February 2011
The Intelligence Bureau has, in its January report, blamed adverse weather and global conditions for the rise in prices of commodities. Its focus is mainly on the commodities’ price rise, which perhaps indicates the concerns of the government ahead of the union budget The Intelligence Bureau...

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Sucheta Dalal Sucheta Dalal  and   Debashis Basu Debashis Basu 23 February 2011
The January report of the Intelligence Bureau, available with Moneylife, attributes rising prices of gold and silver to higher demand, oblivious of the raging global speculation If the Intelligence Bureau (IB) has to be really useful in the quality of information it sends to various top...

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Munira Dongre 23 February 2011
While most brokerages say that the deal will shift focus away from RIL’s hitherto underperforming E&P segment to refining and petrochem, questions remain over the company’s hurry to monetise these assets On Tuesday, newspapers front-paged the $7.2 billion deal between BP and Reliance...

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Moneylife Digital Team 22 February 2011
The precious metal has outperformed gold recently, apparently due to an unusual condition in the silver futures market Silver spot and futures prices hit a record high on Monday on the spreading unrest in the Middle East and the falling dollar. However, it seems that the real reason for the...

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Sharad Matade 22 February 2011
Prices of cotton that are at record highs are expected to stay firm in the near future due to a global shortage Cotton prices, which have touched record highs recently, are expected to stay firm as farmers and traders hold on to supplies in local markets, in anticipation of higher prices in...

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Shukti Sarma 22 February 2011
The latest foray in this sector is from TVS Shriram Growth Fund, which has invested an undisclosed sum in Indian Cookery Private Limited, promoted by celebrity chef Sanjeev Kapoor & Better Value Brands. But analysts say that there could be some hiccups in this line of business Is 'dining...

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Sharad Matade 22 February 2011
According to estimates, demand for cement is likely to go up by 10%, while production may soar by 12%—analysts expect the demand-supply mismatch to touch 107.70 million tonnes Cement producers may face a tough time in the next fiscal due to soaring input costs and a surplus in supply, amid...

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