ECONOMY & NATION


Jaideep Sarin (IANS) 04 October 2016
The apprehension of an India-Pakistan war may have receded but a full-fledged political war has broken out in Punjab over the central and state governments getting nearly 1,000 villages within 10-km of the international border evacuated following last week's surgical strikes by the Indian...

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IANS 04 October 2016
Ahead of the Reserve Bank of India's first monetary policy review to be decided by a committee later on Tuesday, the World Bank has said India's GDP growth will remain robust at 7.6 per cent in 2016 and 7.7 per cent in 2017.   "In India, GDP growth will remain strong at 7.6 per cent...

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IANS 04 October 2016
At least three persons were injured when 10 coaches of the Jhelum Express passenger train derailed in Ludhiana district of Punjab, police said on Tuesday.   The injured persons have been sent to Civil Hospital here, the Ministry of Railways said in a tweet.   The accident took...

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IANS 04 October 2016
India's manufacturing activity lost some momentum in September due to softer increase in new business inflows, a key macro-economic data showed on Monday.   However, the data report pointed out that manufacturing business conditions improved for the ninth straight month, albeit rather...

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IANS 04 October 2016
The Australian government has promised a "significant" cultural change in the way the country's banks treat their customers, ahead of this week's three-day parliamentary inquiry into the banking sector on Tuesday.   The government in August said it would grill the heads of the four...

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Moneylife Digital Team 03 October 2016
The quick service restaurants (QSR) industries in India is facing tepid growth despite players refurbishing menus and sweetening offers and promotions. With increased competition from online players and private equity (PE) funded food players, the QSR industry would face rough weather in...

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IANS 03 October 2016
Stressing the need to go for a big push to fully realise the benefits of urbanisation, the government on Monday unveiled its urban development strategy for the next 20 years.   Union Minister for Housing & Urban Poverty Alleviation M. Venkaiah Naidu released the "India Habitat III -...

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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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