ECONOMY & NATION


New Delhi : Congress leader Jairam Ramesh on Thursday said he has filed a writ petition in the Supreme Court challenging the Aadhaar bill being classified as a money bill.   The Lok Sabha had ealier rejected all the five amendments to the Aadhaar bill recommended by the Rajya Sabha...

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Mumbai : The Reserve Bank of India (RBI) on Thursday said expenditure quality at the sub-national level in India has somewhat improved with the implementation of fiscal responsibility and budget management (FRBM) rules.   "The existing levels of high revenue and non-development...

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New Delhi : Market intelligence and advisory services International Data Corporation (IDC) on Thursday said overall Indian server market rose by 19.2 percent in calendar year 2015 with 1,57,061 units shipment against 1,31,695 units sold in 2014.   "Nation-wide 4G roll outs and the...

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The units having sanctioned limits of Rs10 lakh and above, but up to Rs25crore areall bracketed for treatment with a single brush and this is unfortunate   In the din and bustle of mounting non-performing assets (NPAs) that attracted world-wide attention, the Reserve Bank of India...

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Moneylife Digital Team 07 April 2016
While the RBI's AQR move was a master stroke to clean bank books and stop the evergreening of stressed loans, the move to restructure MSME loans can have an opposite effect, warns Religare Capital in a report   The Reserve Bank of India (RBI) has allowed banks to restructure micro,...

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Chennai : Credit rating agency Moody's Investors Service on Thursday said India's rising foreign direct investment (FDI) inflows reduces the current account deficit and also the external financing needs.   In a statement Moody's said it does not expect widening of India's current...

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New Delhi : The Supreme Court on Thursday directed beleaguered liquor baron Vijay Mallya to disclose to it all his assets -- movable and immovable and tangible and intangible -- and other interests in India and abroad by April 21.   An apex court bench comprising Justice Kurien Joseph...

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Bhubaneswar : An aide of Odisha's Food Supplies and Consumer Welfare Minister Sanjay Dasburma on Wednesday submitted documents relating to a vehicle owned by the minister to the CBI which is inquiring into the multi-crore-rupee chit fund scam in the state.   Gourang Sahu,...

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Bengaluru : The Enforcement Directorate (ED) on Wednesday attached Rs.9.43 crore of Associated Mining Company (AMC), owned by Karnataka's former BJP minister G. Janarahdan Reddy and his wife G. Lakshmi Aruna, as the balance amount from illegal sale of iron ore to JSW Steels at...

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New Delhi : The National Human Rights Commission on Wednesday issued notice to the civil aviation ministry and the Airports Authority of India, following a series of incidents of falling glass at the Chennai airport that endangered the safety of travellers.   The NHRC, which received...

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Kolkata : Former West Bengal minister and Trinamool Congress candidate Madan Mitra -- who is in custody over the multi-crore-rupee Saradha scam -- possesses assets in excess of Rs.88 lakh, according to his affidavit filed with the Election Commission on Wednesday.   According to the...

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Moneylife Digital Team 06 April 2016
Even for small loan repayment default, savers are being harassed but when it comes to industrialists, all soft options are being advocated, the bank employees union says   The All India Bank Employees Association (AIBEA) has criticised Reserve Bank of India (RBI) governor Dr Raghuram...

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Moneylife Digital Team 06 April 2016
RBI's rate cut, along with the recent reduction in small savings rates and the move towards a marginal cost-based lending rate mechanism, are likely to fast track monetary policy transmission, says Nomura in a report   The Reserve Bank of India (RBI), in its first bi-monthly credit...

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New Delhi : The Cabinet Committee on Economic Affairs (CCEA) on Wednesday allowed public sector enterprise Andrew Yule & Co. to issue its equity shares to Bank of Baroda against its working capital loan worth Rs.29.91 crore borrowed from the bank.   The CCEA, chaired by Prime Minister...

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New Delhi : The union cabinet on Wednesday permitted national oil companies autonomy in operational, financial and investment matters, not requiring them any more to seek the cabinet approval in this regard.   The permission was given in view of the vast and quick changes in the...

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New Delhi : Following the Silicon Valley’s recent stare-down with authorities over user data privacy involving Apple's iPhone encryption, social media giant Facebook has announced end-to-end encryption of Whatsapp messages that allows users to protect their conversations from being...

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New Delhi : India on Wednesday approved changes in policy where telecom spectrum or airwaves were allotted administratively rather than auctioned, to arrive at the market-determined price for the scarce resource. This is to facilitate sharing and trading of spectrum by players.   "The...

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New Delhi : India on Wednesday approved top telecom towers company ATC Asia Pacific to acquire majority stake in Viom Networks for Rs.5,856.51 crore.   "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval to the proposal of ATC...

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The Economic Survey argued for RBI's reserves to be cut. The RBI governor came back with a stinging reply   “….RBI is an outlier with an equity share of about 32%, second only to Norway and well above that of the US Federal Reserve Bank and the Bank of England, whose ratios are less...

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Moneylife Digital Team 06 April 2016
Expect low single digit growth from the IT majors   The quarterly results season is back and all eyes will be on the quarterly results of the information technology (IT) sector, which accounts for around 16% of the market capitalisation of CNX Nifty, making it a keenly watched sector....

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