ECONOMY & NATION


Moneylife Digital Team 21 November 2014
The Deen Dayal Upadhyaya Gram Jyoti Yojana and Integrated Power Development Scheme aim to strengthen sub-transmission and distribution network in urban and rural areas   The Union Cabinet has approved four significant decisions for the power sector — Deen Dayal Upadhyaya Gram Jyoti...

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Jake Bernstein (ProPublica) 21 November 2014
Ahead of Senate hearing on regulatory capture, the Federal Reserve Board wants to look at whether the views of examiners are being heard by higher-ups   Editor's Note: This story has been updated to cover the Federal Reserve Board's announcement that it would review its supervision of...

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Moneylife Digital Team 20 November 2014
Shares of both Kotak Mahindra Bank and ING Vysya Bank hit their 52-week high on Thursday following news reports about the possible merger between the two lenders. The acquisition was later confirmed by Uday Kotak via Twitter   Private lender Kotak Mahindra Bank Ltd Thursday said it...

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Moneylife Digital Team 20 November 2014
CBI had filed the closure report in the case in which it had earlier registered an FIR against JLD Yavatmal Energy, its directors Vijay Darda, his son Devendra Darda, Rajendra Darda, Manoj Jayaswal, Anand Jayaswal and Abhishek Jayaswal and other unknown persons   A special court on...

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Moneylife Digital Team 19 November 2014
During the second quarter, total number of loans disbursed by MFIs grew by 35% while average loan amount disbursed per account crossed the Rs15,000 mark   During the September quarter, funding for micro finance institutions (MFIs) grew 172% compared with same quarter last year, while...

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Moneylife Digital Team 18 November 2014
The probe into Seashore Group may cause embarrassment for the Naveen Patnaik government as it had entrusted the Group with the task of executing different projects on public-private-partnership mode   The Central Bureau of Investigation (CBI) on Tuesday carried out searches in four...

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Moneylife Digital Team 18 November 2014
Sharad Pawar who declared unconditional support to BJP soon after the election verdict for stability, has said that having a stable government in Maharashtra is not his party's responsibility   Sharad Pawar, the Maratha strongman and president of Nationalist Congress Party (NCP) on...

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Moneylife Digital Team 18 November 2014
The loan, guaranteed by RIL, will be used to refinance term loans of $1.5 billion tied up by Reliance Jio Infocomm in 2010   Reliance Jio Infocomm Ltd (RJIL), the telecom unit of Reliance Industries Ltd (RIL) said it has raised a syndicated term loan of $1.5 billion from 26 lenders...

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Moneylife Digital Team 17 November 2014
According to the Brisbane Action plan released as part of the G20 communique, growth in some key emerging market economies is robust and is becoming more sustainable, including in China and India   The G20 has cited India among other countries for the launch of major investment...

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Rising commodity prices helps the commodities exporting countries and hurts the importers. These are normal parts of economic cycles. However, when these cycles are manipulated by central banks, both sides of the trade could feel the pain   While equity markets in many countries are...

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Moneylife Digital Team 14 November 2014
BJP MLA Suresh Halwankar, who has been appointed as Chief of the one-member Textile Committee has a dodgy track record. He was disqualified by the governor as MLA in July 2014 after being convicted for power theft and sentenced for three years. He was able to contest elections after obtaining...

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It is likely that, in ten days, to facilitate smooth running of the e-auction process, government may finalise the allocation priorities, to power sector, followed by steel, cement etc.   An inter-ministerial committee met on Tuesday to discuss the methodology to arrive at floor and...

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Moneylife Digital Team 14 November 2014
Bombay HC had stayed Maharashtra government's decision to give 16% reservation to Marathas and 5% to Muslims in public service   The Bombay High Court on Friday stayed Maharashtra government's decision before polls to give 16% reservation to Marathas and 5% to Muslims in public...

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Moneylife Digital Team 13 November 2014
According to Care Ratings, the recent RBI measures to regulate NBFCs more will impact profitability and asset quality in the short term, though they will bring in more transparency and improve NBFCs ability to withstand asset quality shocks in the long run   Earlier this week, the...

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Moneylife Digital Team 13 November 2014
According to Nomura, the significant undershooting on inflation in 2015 is opening up some room for policy easing, but this room is very limited and the RBI may remain on prolonged pause during its policy meeting next month   India's inflation based on consumer price index (CPI) eased...

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We have too much sugar on hand but this may simply vanish if farmers take a holiday and switch over to other crops due to the lack of remunerative prices, and a bad monsoon ahead   The domestic demand for sugar in India is around 23 million and the projected production for this...

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Universal allowance with clawback will deal with the twin issues of eligibility and distribution in subsidy targeting   Every country provides some sort of state aid to help the poor. In India, we have a large poor population and we provide state aid in the form of subsidies for food...

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Moneylife Digital Team 12 November 2014
With NCP remaining 'neutral' during the trust motion, BJP managed to win through voice vote in Maharashtra assembly. As expected, Shiv Sena is the Opposition party   Devendra Fadnavis-led Bharatiya Janata Party (BJP) on Wednesday won the trust vote in Maharashtra Assembly through...

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Sahara tamasha continues   In early November 2014, The Mint reported that the Securities & Exchange Board of India (SEBI) had approached the Supreme Court seeking directions to be issued to the Sahara group to sell assets worth Rs47,000 crore. It may be recalled that the apex court,...

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Moneylife Digital Team 11 November 2014
According to the ratings agency, entry of Reliance Jio will intensify competition in the data segment, and may cause data tariffs to decline by at least 20%   Ratings agency Fitch on Tuesday said, the entry of Reliance Jio Infocomm in the Indian telecom space will intensify...

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