ECONOMY & NATION


IANS 21 September 2016
The Supreme Court on Tuesday directed Karnataka to release 6,000 cusecs of Cauvery river water to Tamil Nadu every day till September 27, overriding the Cauvery Supervisory Committee's order of 3,000 cusecs.   The bench of Justice Dipak Misra and Justice Uday Umesh Lalit, giving the...

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IANS 21 September 2016
Reliance Jio fired another statement on Tuesday saying its subscribers were facing 10 crore call failures each day while connecting with the networks of Airtel, Vodafone and Idea, who have hardly augmented interconnection capacity as agreed.   There have been media statements by some...

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IANS 20 September 2016
At least eight militants were killed when Indian soldiers fired on a group of infiltrators trying to cross over from Pakistan at the Line of Control (LoC) under the cover of Pakistani firing in Jammu and Kashmir on Tuesday, two days after a massive terror strike killed 18 soldiers in the...

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IANS 20 September 2016
Listing budget targets, private investment and bank liabilities as the main challenges for India, Moody's has projected India's gross value added (GVA) growth to rise to 7.7% this fiscal with mixed trend in inflation.   At a press conference here, Marie Diron, Senior Vice President...

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IANS 20 September 2016
The age-old proverb "old is gold" may not hold true for traditional black-yellow taxis any more, given the people's increasing preference for app-based cab services for intra-city movements.   And, why not? After all, who would not opt for a service that comes cheaper and at less...

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I mentioned in my previous piece that asset overstatement by the borrowers can only compound banks' valuation bias and impede non-performing asset (NPA) sales.    The new guidelines by the Reserve Bank of India (RBI) have introduced "other banks, non-banking financial companies...

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TruthInAdvertising.org 20 September 2016
Vemma, its CEO Benson K. Boreyko and top distributors have reached a settlement with the FTC in the pyramid scheme case the agency filed more than a year ago pending approval from the agency commissioners. While details of the settlement have not yet been disclosed, court documents state that...

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Amit Kapoor (IANS) 20 September 2016
India has convinced a lot of people and the world is making big bets on its stature as a manufacturing and economic powerhouse. However, there are many challenges that lie ahead. Now that the vision has been set, India needs to undertake the hard task of execution.   This reality is...

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IANS 20 September 2016
A man, who used his knowledge of six foreign languages and a high-profile, to dupe people here on the pretext of exchanging foreign currency has been arrested from Goa, Delhi Police said on Monday.   Snigdha Saurav Dash, 28, a resident of Odisha, was arrested by Delhi Police's Crime...

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IANS 19 September 2016
India reserved the right to respond to cross-border terror strike "at a place and time of our choosing", the army said on Monday, a day after an attack on a military base in Jammu and Kashmir that killed 18 soldiers was blamed on Pakistan.   The Director General Military Operation...

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IANS 19 September 2016
The government at the highest level mulled its options in the wake of the Uri terror attack, with informed sources indicating that Prime Minister Narendra Modi has sought a concerted global effort to diplomatically isolate Pakistan as an immediate step.   Modi, who chaired a meeting...

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IANS 19 September 2016
A 20-year-old soldier injured in the Uri terror attack died of injuries in a Delhi hospital on Monday, taking the toll to 18, officials said.   The soldier, identified as K.V. Janardan from Maharashtra, died at the Army Research and Referral Hospital, a hospital official told IANS...

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IANS 19 September 2016
International rating agency Fitch Ratings on Monday said Indian Oil Corporation's (IOC) financial profile would "remain stable" even though the state-run oil marketing company (OMC) planned to invest Rs 1,700-Rs 1,800 billion over the next six years.   The OMC on Thursday announced...

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Moneylife Digital Team 19 September 2016
The merger of the wireless business of Reliance Communications (RCom) with Aircel Limited (Aircel), is a key milestone in the ongoing consolidation in the telecom sector, says India Ratings and Research (Ind-Ra). The combined entity RCom-Aircel will now be the third largest telecom entity in...

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Indian asset reconstruction companies (ARCs) present a bizarre mix of ageing and infancy. Fourteen out of 16 operating ARCs in the country have been in the business for over a decade. This period is sufficient for the industry to mature. However, the industry still displays infantile...

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IANS 19 September 2016
Reliance Jio on Sunday welcomed Bharti Airtel's decision to provide better interconnection for its calls. But it also said the number of such points proposed remained substantially less than actual requirement -- and these won't be able to address the issue of large-scale call drops. Airtel...

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IANS 17 September 2016
There is a need to dismantle a lot of rules and regulations to uplift business in India, Niti Aayog CEO Amitabh Kant has said.   Addressing a chief secretaries' conclave, aimed at giving a push to ease of doing business, Kant said here on Saturday that paperwork has made it difficult...

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IANS 17 September 2016
The Mazagaon Dock Shipbuilders Ltd (MDL)'s second Visakhapatnam Class-destroyer, with more than 60 per cent indigenization and increased stealth power, was launched ahead of its schedule here on Saturday, officials said.   The Guided Missile Destroyer ship of Project 15B was launched...

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Arun Kumar (IANS) 17 September 2016
Hillary Clinton thought she would borrow a leaf from Donald Trump's book. Instead, she reached for a dictionary of insults and flung "half" of her presidential rival's supporters in a "basket of deplorables".   "Right? The racist, sexist, homophobic, xenophobic, Islamophobic -- you...

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IANS 17 September 2016
A panel appointed by the Information and Broadcasting Ministry on Saturday ordered the Delhi government to "reimburse to the state exchequer" the entire amount that the Aam Aadmi Party had spent on its advertisements.   The committee on content regulation of government advertisements...

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