ECONOMY & NATION


Meghna Mittal (IANS) 03 October 2016
A day before the Reserve Bank of India announces 2016-17's fourth monetary bi-monthly policy, rating agency Fitch said it is waiting to see how the newly-formed Monetary Policy Committee tackles it, hinting that a low inflation targeting could positively impact the country's...

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IANS 03 October 2016
The Pakistan army on Monday resorted to unprovoked mortar shelling and firing at Indian positions in two places in Poonch district, authorities said.   After opening fire in Shahpur area, the Pakistan army started shelling and gunfire in Sabjiyan area of Poonch...

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IANS 03 October 2016
The pound sterling was the worst performer among major currencies on Monday, after British Prime Minister Theresa May said Britain would kick off the process of separating from the European Union (EU) by the end of March 2017.   Speaking at the Tory party's annual conference here,...

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IANS 03 October 2016
The killers of Nitish Katara -- Vikas Yadav, Vishal Yadav and their accomplice Sukhdev Pahalwan -- will undergo enhanced jail term of 25 years as the Supreme Court on Monday held that the courts have the power to impose the punishment of 25 years or even more.   While upholding the...

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IANS 03 October 2016
The Centre on Monday told the Supreme Court that it has no jurisdiction to direct it to set-up the Cauvery Management Board as it was just a recommendation of the Cauvery Water Dispute Tribunal and not binding on the government.   Attorney General Mukul Rohatgi made the submission...

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IANS 03 October 2016
Ahead of RBI's monetary policy review on Tuesday, that will be the first by the newly-set up Monetary Policy Committee as well as by new Governor Urjit Patel, experts said it is unlikely to lower rates at its maiden review as it awaits more data on inflation.   "RBI may choose to wait...

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IANS 03 October 2016
With agriculture income growth "at an above-trend 4 per cent", India's real gross domestic product (GDP) is expected to grow this fiscal at 7.9 per cent, while annual retail inflation would remain contained at 5 per cent, Indian rating agency Crisil said on Sunday.   "Net-net, Crisil...

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Moneylife Digital Team 01 October 2016
Following orders from the Bombay High Court, former world champion of billiards Michael Ferreira, and two others on Friday surrendered before a Special Court in the multi-crore QNet scam. On Tuesday, the HC had asked five prime accused to as per the directions passed by the Supreme Court in...

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IANS 01 October 2016
India's fiscal deficit in the April-August period of the current fiscal touched Rs 4.08 lakh crore - or 76.4% of Budget estimates for fiscal 2016-17 - as against 66.5% of Budget in the same period of last year, government data showed on Friday.   As per the Controller General of...

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IANS 01 October 2016
Amid the recent fluctuation in global oil prices, state-run Indian Oil Corp (IOC) moved in different ways on transport fuels, increasing the price of petrol by 28 paise a litre and decreasing diesel by 6 paise effective Saturday -- both at Delhi, with corresponding changes in other...

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Moneylife Digital Team 30 September 2016
The Micro Units Development & Refinance Agency (MUDRA) Ltd has earned huge a net profit of Rs65.93 crore on total revenues of Rs363.95 crore for FY2016. This comes to 17.5% net margin for a business set up to help the smallest of the borrowers.   Speaking at the first annual general...

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Nadir Godrej 30 September 2016
On 29th September, The Forum of Free Enterprise, an organization started by one of India’s leading financial thinkers, AD Shroff way back in 1956, celebrated 60 years of its existence. The Forum started as a strong voice against the socialist poli-cies adopted by the Nehru government, which...

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Sanjeev Srivastava (IANS) 30 September 2016
India -- under Prime Minister Narendra Modi -- crossed the line of control in more ways than one on September 29, 2016. Posterity will be a better and truer judge, but Thursday's surgical strike by our Special Forces is a game-changer both in terms of how we view ourselves and how the world...

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IANS 30 September 2016
Mulling major makeover for the much-stressed Mumbai suburban train system, the Central Railway is studying an ambitious Rs 20,000-crore plan to improve services. This includes acquisition of 150 new rakes, introduction of additional routes and provision of adequate parking...

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IANS 30 September 2016
United Breweries (Holdings) Ltd has made its Chairman Vijay Mallya Principal Officer in the absence of a Managing Director, the company said on Thursday.   In a regulatory filing to the BSE, after its 100th annual general meeting (AGM) here, the company said Mallya had been monitoring...

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IANS 30 September 2016
The Indian Railways on Thursday introduced a sub-quota of 33 per cent for women in allotment of each of the reserved catering units and also launched a new 'Train at a Glance' and time table effective from October 1.   Railway Minister Suresh Prabhu said: "The introduction of new...

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IANS 30 September 2016
Cloud computing company Salesforce is reportedly trying to block the $26.2 billion Microsoft-LinkedIn deal, arguing that Microsoft's acquisition of the enterprise social network LinkedIn will be anti-competitive.   According to a report in pcworld.com, Salesforce Chief Legal Officer...

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Jaideep Sarin (IANS) 30 September 2016
There has been no gunfire, no alert sirens and no fighter jets dropping bombs. It is not war time yet but tens of thousands of villagers in Punjab's border belt with Pakistan are already experiencing a war-like situation.   Over 400,000 people in Punjab's border belt, comprising...

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Sheikh Qayoom (IANS) 29 September 2016
 Panic, confusion and disbelief gripped Kashmir residents on Thursday as India said it carried out surgical strikes at terrorist launch pads across the Line of Control (LoC) inflicting heavy casualties on terrorists and their supporters.   Reports from Uri sector in north Kashmir's...

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Just a year back, Pradeep Malgaonkar, the chief executive (CEO) of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme was extolling the great strides it made in the geographical space of such guarantees. The Trust has issued cumulative guarantees to 23.23 lakh MSE...

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