ECONOMY & NATION


Moneylife Digital Team 17 October 2017
Aroon Purie, who headed the India Today group for 42 years on Tuesday decided to handover the baton to his daughter Kalli Purie, who has been appointed as vice chairman of the group. Except the Group Editorial Director for Publishing and Group Chief Financial Officer, all others would now be...

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IANS 17 October 2017
From November, if you have just hopped off a flight at Goa airport, instead of hiring over-charging cabs, try opting for a luxury coastal ferry for a ride to your destination.   The new ferry service will be one of the first public-private partnerships in the state started by Drishti...

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IANS 17 October 2017
Though the glitter is lacking on Dhanteras this year, customers were coming in sufficient numbers to brighten the gold markets ahead of Diwali, top players said.   Despite anticipating a gloomy start to Diwali a few days ago, the gold and jewellery markets have been seeing many buyers...

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IANS 17 October 2017
The lack of jobs is beginning to haunt the Modi government. The Reserve Bank of India's recent Consumer Confidence Survey shows that public perception is also beginning to take account of the fact that there are no jobs available in the economy. According to the survey, 43.7 percent of...

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Moneylife Digital Team 17 October 2017
If one goes by the numbers displayed on the Pradhan Mantri Jan-Dhan Yojana (PMJY) website, the financial inclusion scheme remains a huge success. At the end of September 2017, it reported 302.6 million beneficiaries with bank balance of Rs66,606 crore. These were being serviced by a vast army...

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Moneylife Digital Team 16 October 2017
With just three days to go for Diwali, markets across the country are gloomy. There is a 40% drop in sales in comparison to last year, according to a press release from CAIT (Confederation of All India Traders). CAIT National President BC Bhartia and Secretary General Praveen Khandelwal said...

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IANS 16 October 2017
India's annual rate of inflation based on wholesale prices eased in September to 2.6%, official data showed here on Monday.   According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, eased in September to...

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IANS 16 October 2017
It is high time corruption in the private sector is criminalised if the war on corruption has to be effective, says a former head of the Directorate of Revenue Intelligence (DRI)   "Unfortunately, many countries do not penalise corruption in the private sector," B.V. Kumar, who is a...

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Moneylife Digital Team 14 October 2017
IndusInd Bank and Bharat Financial Inclusion Ltd (BhaFin) have decided to merge to create a stronger and more sustainable platform for financial inclusion.    Under the scheme, Bharat Financial will merge with IndusInd while the business correspondent operations of Bharat Financial...

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IANS 14 October 2017
The Supreme Court on Friday decided to revisit the directions issued by its two judge bench in July that had said that police would not arrest husband or his family members till the allegation of dowry harassment by the wife were verified.   The court said that these directions...

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IANS 14 October 2017
As the Supreme Court on Friday refused to modify its earlier order banning the sale of firecrackers in Delhi and the NCR, traders, who were hoping to of restart the business, were furious and also disappointed by the setback they have been facing in business.   All the fireworks shops...

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Moneylife Digital Team 13 October 2017
The Delhi High Court has issued a notice to the Union Government about two notification disqualifying private company directors. The notifications disqualify directors of private limited companies for non-filing of financial statements for three consecutive years, says a report from Bar and...

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IANS 13 October 2017
The Supreme Court on Friday referred to a Constitution Bench the question whether a ban on the entry of women in the age group 10-50 years in Kerala's Sabarimala temple was discriminatory and violative of the Right to Equality under Article 14.   A bench of Chief Justice Dipak Misra,...

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IANS 13 October 2017
Employees of the IDBI Bank will strike work for two consecutive days (October 24 and 25) demanding long pending wage revision, said All India Bank Employees' Association (AIBEA).   Wage revision for employees and officers of IDBI Bank is due for the period from 1-11-2012 to 31-10-2017...

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IANS 13 October 2017
Even as retail inflation in India stagnated in September with a marginal drop in the food prices, the Index of Industrial Production (IIP) for August showed that factory output grew 4.3 per cent against the same month last year on the back of robust mining and electricity sector growth,...

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In December 2015, I had written earlier that the project cost of Mumbai-Ahmedabad High Speed Rail (HSR) project, India’s first bullet train, may not even cover the cost of hedging the Yen loan. We now have some more clarity on the cost which is now expected to be Rs1.10 lakh crore. Since the...

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IANS 12 October 2017
Assembly polls in Congress-ruled Himachal Pradesh will be held on November 9, the Election Commission announced on Thursday, but gave no dates for BJP-governed Gujarat whose assembly term also ends in January.   The result for the election in Himachal Pradesh will be announced on...

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Moneylife Digital Team 12 October 2017
The Tata Group has decided to merge its telecom business with Bharti Airtel Ltd on a debt-free and cash-free basis. Tata Teleservices Ltd (TTSL) and Tata Teleservices Maharashtra Ltd (TTML) would merge their consumer mobile businesses (CMB) with Bharti Airtel. While the Tata group has settled...

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IANS 12 October 2017
The Supreme Court on Thursday said that a permanent committee headed by the Chief Justice of India will henceforth decide on the designation of lawyers as senior advocates.   A top court bench headed by Justice Ranjan Gogoi in its judgment said that besides the Chief Justice, the...

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IANS 12 October 2017
Dentist couple Rajesh and Nupur Talwar were on Thursday acquitted in the double murder of their daughter Aarushi and domestic help Hemraj in 2008 by the Allahabad High Court which gave them the benefit of doubt, but left questions unanswered about who killed them.   The couple had...

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