ECONOMY & NATION


Moneylife Digital Team 02 October 2012
Despite the recent policy measures, the current account deficit to GDP ratio will worsen to 4.1%, higher than the previous estimate of 3.6% by the year-end Will the improvement in balance of payments (BoP) in the first quarter of the fiscal sustain? Not quite, according a Kotak Bank...

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MDT/PTI 02 October 2012
Kingfisher Airlines CEO Agarwal, while admitting that he himself have not received his salary, said the carrier will clear all pending salaries of its staff in next few days   New Delhi: A day after declaring a partial lockout, top officials of beleaguered Kingfisher Airlines on...

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MDT/PTI 02 October 2012
The slew of incentives being considered by the Finance Ministry for boosting life insurance industry include reduction in service tax on first premium, separate tax exemption limit for pension plans and greater incentives for agents selling policies   New Delhi: Life insurance...

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It is sad that Kingfisher is reduced to the state it is in today. But there are many alternatives the airline might be working on including the FDI participation by a foreign associate. If and when such a move occurs, banks may relax their attitude and demands After waiting for seven...

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MDT/PTI 02 October 2012
Religare received approval from its board for $75 million investment by the World Bank unit IFC through preferential allotment   New Delhi: Religare Enterprises said it has received approval of the board for World Bank arm International Finance Corp (IFC)'s $75 million (about Rs400...

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MDT/PTI 02 October 2012
Kingfisher operations got completely paralysed after pilots and some other staff joined the striking engineers protesting non-payment of salaries for the last six months   Mumbai: Kingfisher Airlines on Monday night declared a partial lock-out with immediate effect and suspended till...

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MDT/PTI 01 October 2012
Sales of the company’s Nano small car stood at 5,491 units during the month compared to 2,936 units in the year-ago period, translating into an increase of 87.02% New Delhi: Tata Motors reported 3.82% decline in its total vehicle sales to 75,773 units in September, reports...

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MDT/PTI 01 October 2012
The guidelines on GAAR will be based on the suggestions of the committee headed by tax expert Parthasarthi Shome who submitted the final report to the finance minister earlier in the day   New Delhi: The Income Tax department will come out with final guidelines by the end of this...

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MDT/PTI 01 October 2012
Under the terms of the agreement, GAIL will receive 2.5 million tonnes of LNG per annum (equivalent to about 130 million British thermal unit or 3.5 billion cubic metres or 122 billion cubic feet per annum) over a period of 20 years beginning 2018-19.   New Delhi: State-owned gas...

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MDT/PTI 01 October 2012
The global airlines’ body estimated that Asia-Pacific airlines were set to post a $2.3 billion profit for 2012, which was $0.3 billion better than previously forecast   New Delhi: The crisis-hit global airline industry may stem its growing losses and even record modest profits next...

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MDT/PTI 01 October 2012
Domestic sales stood at 3,026 units in September against 4,152 units in the year-ago period, down 27.11%, VECV said in a statement New Delhi: Automaker VE Commercial Vehicles (VECV) on Monday reported a 31.92% decline in total sales at 3,150 units in September, reports PTI.   The...

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MDT/PTI 01 October 2012
“We expect the market to show some improvement closer to the festive season,” said General Motors India vice presidents P Balendran New Delhi: General Motors India reported 26.78% decline in its sales for September this year at 7,403 units, reports PTI.   The company had sold...

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MDT/PTI 01 October 2012
The decline in the country’s shipments comes amid India’s economic growth slipping to 5.5% in the first quarter of this fiscal and subdued industrial output New Delhi: Slowdown in the western economies pulled down India exports for the fourth month in a row in August to 9.74%, making the...

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MDT/PTI 01 October 2012
Jet fuel constitutes over 40% of an airline’s operating costs and the reduction in prices will ease burden of the cash-strapped airlines New Delhi: In a major relief to cash-strapped airlines, jet fuel (ATF) prices were on Monday cut by a steep 4.3%, the first reduction in rates in...

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MDT/PTI 01 October 2012
“The growing customer satisfaction has led to positive word-of- mouth in the market”, Atul Gupta, vice president (sales and marketing), Suzuki Motorcycle India Pvt Ltd said New Delhi: Two-wheeler maker Suzuki Motorcycle India reported 31.53% increase in its sales at 38,267 units in...

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Banks woo the depositors till they secure their account, and thereafter they are left high and dry. The RBI should ensure that the bank depositors are treated fairly and equitably so as to give the depositors their due reward for their contribution to the economy Bank depositors are...

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MDT/PTI 01 October 2012
The HSBC India Manufacturing Purchasing Managers’ Index (PMI)—a measure of factory production— stood at 52.8 in September, same as in August New Delhi: India’s manufacturing sector “held steady” in the month of September supported by faster output growth and rising export orders, an HSBC...

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MDT/PTI 01 October 2012
Sales of Maruti Suzuki's mini-segment cars, including M800, A-Star, Alto and WagonR, increased by 4.89% to 39,150 units last month from 37,324 units in September last year New Delhi: The country’s largest car-maker Maruti Suzuki India (MSI) reported 9.84% increase in total sales at...

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MDT/PTI 01 October 2012
Civil aviation minister Ajit Singh recently said that government will revoke KFA’s license if its fleet size goes down below five Mumbai: Aviation regulator Directorate General of Civil Aviation (DGCA) will review Kingfisher Airlines’ operations in the wake of mass cancellation of its...

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The realization that foreigners are not so bad after all has dawned in India. However, foreign investors are aware that the economy lacks good governance, and unless this changes, the slowdowns could be greater and longer lasting than anyone expects A little known measure of an emerging...

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