ECONOMY & NATION


Moneylife Digital Team 28 September 2011
Kingfisher Red gets the boot, Vijay Mallya says that the debt-plagued airline was exiting its low-cost operations because of "intense competition" and insists that the carrier has "several initiatives" in its kitty Vijay Mallya, chairman of private airline Kingfisher Airlines, announced at...

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Moneylife Digital Team 28 September 2011
Drop in ‘kharif’ production and depreciation of the rupee in the currency market has led to price rise, though ‘rabi’ crop estimates and the Centre’s contingency plan are expected to plug the demand-supply gap and stem the hike Prices of pulses such as yellow peas, tur dal and lentils have...

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MFIs, banks, SIDBI and respective industry associations must be given a fair chance to implead themselves into the Public Interest Litigation filed at the Madurai Bench of the Madras High Court A Public Interest Litigation (PIL) filed by Ms U Vasuki, (State General Secretary, All India...

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The microfinance credit bureau has not been set up yet due to lack of strong leadership, no serious regulatory support, unrealistic targets, lack of reliable ground-level data, IT issues and lack of focus on execution It has almost been over 12 months from the 2010 microfinance crisis and a...

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Moneylife Digital Team 26 September 2011
Reliance’s stated aim is “transforming the DNA” from being a predominantly energy major to a more consumer-focused business group. Will it work? Reliance Industries (RIL) is known to be moving away from a focus on its energy business, to create a larger and more diversified conglomerate. The...

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India is a tax haven for the rich as they do not have to pay any tax on their dividend income. But the middle-class citizen has tax deducted at source even on the paltry interest received from savings bank accounts President Obama of the United States is proposing to levy a tax on people...

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As concepts, a seal of excellence or social performance management will make good yardsticks to monitor Microfinance Institutions, but there will be practical difficulties in measuring these yardsticks and implementing them A friend alerted me to a paper being presented at a forthcoming...

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Moneylife Digital Team 23 September 2011
Slowing growth first in the West and then in China and the rising greenback have led to massive unwinding by speculators in commodities on Friday Is the great commodity story that was going along smoothly finally petering out? If you go by today's developments, it really seems so....

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The rush of NCDs, especially of NBFCs, is fraught with risks Indian companies are quick to seize any fund-raising opportunity. A couple of non-convertible debenture (NCD) issues have mopped up money from the retail market; now non-banking financial companies (NBFCs) are lining up one...

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The interiors have been altered, but its the headlights and tubeless tyres need some modification As we have already reported in Moneylife (25th August), the motoring event of the fortnight was the launch of the ‘new’ Swift, for which there was a large number of pending orders... about 35,000...

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Alekh Angre 22 September 2011
Experts say the report about the popularity of some Indian wines in the UK is good news for the wine sector, but much more needs to be done to make Indian brands better known abroad After two years of sluggish growth, the Indian wine industry seems to be on track again. In June wine sales...

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Moneylife Digital Team 21 September 2011
Indian domestic markets are more promising amidst the crisis in overseas equity markets. Therefore, investors should be prudent and adopt a wait-and-watch attitude in the equity market and not rush for the exit While the domestic economy appears to be in better shape than those of the...

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Moneylife Digital Team 21 September 2011
Experts say that the recent decision to lift the export ban will give no respite to consumers as retail prices might increase due to traders who continue to charge high rates for fatter margins After indefinite strikes by farmers and traders across Maharashtra against the decision to ban...

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Centre leaders have tremendous local knowledge and significant local support in villages; they are opinion leaders and can develop extreme familiarity with the microfinance concept, processes and procedures Even as the proposed Microfinance Bill is being refined for being passed into a...

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DFIs and banks, including SIDBI, have miserably failed in their due diligence of NBFC MFIs, and expecting them to do this with regard to the business correspondent model is somewhat naïve. The RBI should undertake an examination of the grass-roots realities before implementing the new...

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Moneylife Digital Team 20 September 2011
Pankaj Kapoor, managing director, Liases Foras, explains what is wrong with increased capital inflow in the realty business Despite abysmal property sales, prices have been increasing. While the Reserve Bank of India (RBI) has made borrowing more difficult, developers have been turning to...

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The labour face-off, spearhead by Maruti Suzuki workers, is spreading all through the Gurgaon-Manesar industrial belt. The Haryana government is blaming the workers now The Gurgaon-Manesar industrial belt unrest, spearheaded by the Maruti Suzuki face-off, seems to be getting worse....

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Moneylife Digital Team 19 September 2011
Pankaj Kapoor explains that new townships spring up because of their proximity to major urban centres, but they lack infrastructure to expand consistently "A lot of people say that the tier-II or tier-III cities are going to be the next big thing in realty. It is not possible because realty...

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Moneylife Digital Team 19 September 2011
Mumbai registered abysmal sales in the June quarter, while deals in Pune surged. Pankaj Kapoor, managing director, Liases Foras, says prices have skyrocketed when they should have corrected over the past few months, and this is not sustainable Mumbai lags way behind other realty hotspots in...

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The business correspondent model offers a unique possibility for mainstream low-income financial services. But recent experience has shown that there are huge risks as well, which is why it must be regulated carefully The Reserve Bank of India (RBI) has facilitated the adoption of a very...

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