ECONOMY & NATION


IANS 12 February 2018
The growth of India's factory production slowed in December to 7.1 per cent from a rise of a 8.80 per cent in November and a 2.4 per cent increase in output during the corresponding period of 2016-17.   As per the data released by the Central Statistics Office (CSO) on Monday, the...

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IANS 12 February 2018
Keeping the upcoming panchayat elections in view, West Bengal government is going to upgrade 250 Primary Agricultural Credit Societies (PACS) to banking outlets in the first phase with an objective to facilitate more credit to farmers, an official said on Monday.   According to the...

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IANS 12 February 2018
The Supreme Court on Monday said that no coercive action will be taken against Major Aditya Kumar, accused of allegedly killing three civilians in firing to disperse a stone pelting mob in Shopian district of Kashmir.   Jammu and Kashmir Police registered an FIR against Major Aditya...

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IANS 12 February 2018
Contrary to media reports claiming that now you can transfer money via WhatsApp in India, the digital payment feature in the platform is still in the testing phase and will be officially rolled out to over 200 million Indian users in the days to come.   The feature is currently in...

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IANS 12 February 2018
Sales of domestic passenger cars inched down in January, industry data showed on Monday.   As per the data from the Society of Indian Automobile Manufacturers (SIAM), 184,264 passenger cars were sold in January, down from 186,596 in the corresponding month of 2017.   However,...

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IANS 12 February 2018
Fair trade regulator Competition Commission of India (CCI) has approved the sale of Reliance Infrastructure's (RInfra) Mumbai power business to Adani Transmission Ltd, RInfra announced on Monday.   In a release here, RInfra said it had signed the binding agreement for the sale of its...

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IANS 12 February 2018
The Australian government on Monday began examining the country's banks, insurers, financial services providers and pension funds, among other entities, through a royal commission established specifically for the investigation.   The year-long Royal Commission into Misconduct in the...

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‘Incredible India’ is our celebrated international tourism campaign. A weekend trip to the historical city of Mysuru brought home to us how apt this slogan is, but in a dramatically different way. Every description of Mysuru tells us that tourism is the major industry of this picturesque...

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The big take-away from the Union Budget 2018 was the mega National Health Protection Scheme that is probably aimed at getting Modi sarkar through the 2019 general elections. The programme, dubbed as Modicare, is already claimed to be the largest government-funded healthcare scheme in the...

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Moneylife Digital Team 09 February 2018
Ineffective control systems and lack of trained and experienced manpower are helping frauds and irregularities in banks says Corporation Bank Officers' Organisation (CBOO) in its monthly 'Officers' Voice' magazine. In its editorial, the CBOO says, "Strengthening control systems in the Bank...

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Moneylife Digital Team 09 February 2018
Andhra Pradesh, and its former capital Hyderabad, has earned some notoriety as a place which has supplied a slew of dubious companies and entrepreneurs such as Ramalinga Raju. A whatsapp forward has a clever definition of such a person—the Andhrapreneur. It is a person who invests Rs10 in a...

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IANS 09 February 2018
The Central government on Thursday said that it plans to frame a new "Automobile Policy" keeping in mind the industry's concerns and growth needs and also urged companies to shift towards lower emissions on the second pre-open day of the 14th edition of the Auto Expo.   In his address...

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Abhirup Ghosh 08 February 2018
The Reserve Bank of India (RBI), on 7 February 2018, has come out with a notification to grant relaxation to banks and Non-Banking Financial Companies (NBFCs) with respect to asset classification in case of Micro, Small and Medium Enterprises (MSME) accounts. The notification has been...

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IANS 08 February 2018
Members from the treasury benches on Thursday disrupted the Rajya Sabha and forced an adjournment by shouting slogans and coming into the aisle as Congress MP P. Chidambaram stood up to speak on the Budget in the post-lunch sitting.   The opposition accused the government of running...

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IANS 08 February 2018
The Supreme Court on Thursday said it will deal with the Ram Mandir-Babri Masjid case as a pure land dispute and refused to hear it on day-to-day basis.   A bench of Chief Justice Dipak Misra, Justice Ashok Bhushan and Justice S. Abdul Nazeer refused appellants' plea for day to day...

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Moneylife Digital Team 07 February 2018
The Reserve Bank will link the base rate for loans given by banks to the MCLR starting April 1, 2018. The Marginal Cost of Funds based Lending Rates (MCLR) system was introduced on April 1, 2016 to tackle the problems of the Base Rate regime. With the introduction of the MCLR system, it was...

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IANS 07 February 2018
Automobile manufacturer Eicher Motors on Wednesday reported a 24.46 per cent rise in its consolidated net profit to Rs 520.50 crore during the third quarter (Q3) of 2017-18.   The company's net profit in Q3 of 2016-17 stood at Rs 418.19 crore, it said.   During the period...

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IANS 07 February 2018
The Reserve Bank of India (RBI) kept its key interest rate unchanged at 6 per cent for the fourth time in succession at its final bi-monthly monetary policy review of the fiscal, citing concerns about the inflationary push by rising global crude oil prices.   Announcing the policy...

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IANS 07 February 2018
The Supreme Court on Wednesday cancelled 88 mining leases in Goa that were renewed by the state government in 2015 just before the Mines and Minerals (Regulation and Development) Act mandated the auction of mining leases.   Cancelling the leases that were renewed for 20 years from...

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IANS 06 February 2018
The Jharkhand government is likely to hike the electricity tariff upto five times if the regulatory authority's recommendation is accepted, a move being vehemently protested by Opposition parties   Jharkhand State Regulatory Authority chairperson Arvind Prasad said "The state...

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