ECONOMY & NATION


Moneylife Digital team 18 April 2012
An analyst with a brokerage firm commented that it would take more cuts and a longer period of time for sentiments to revive because this is one single cut in interest rates, whereas over the last two years the RBI has raised rates 13 times The Reserve Bank of India (RBI) may have...

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Mr Mallya was broke 20 years ago. Can he again work his way out of trouble by selling assets? “After vintage cars and race horses, the flamboyant UB Group chairman has collected a clutch of sick companies. To pull through, he is selling assets.” No, this is not the latest report on the...

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Foreign car companies must be asked to make all aspects of cars as per exact Indian driving standards, known as homologation My new VW Passat runs like a dream. Except for the nerve-wracking grating sounds of the underbelly over our super steep road-bumps, I have little else to complain...

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On most of the significant policy issues—implementation of Basle III, NBFC regulation, gold loan companies, securitisation guidelines, etc, all that we have in the policy are datelines for policies to be announced by the RBI. There is more in the offing than we have in the policy, reducing...

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Moneylife Digital Team 17 April 2012
Contrary to the expectations of bankers and economists the RBI cut repo rate and bank rate by 50 basis points. This may lead to lower interest rates for home loan, auto loan and corporate loans The Reserve Bank of India (RBI) on Tuesday surprised everyone by cutting the repo rate and...

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The main reason why the Chinese slowdown does not scare pundits more is that they expect China to repeat its past actions by loosening its monetary policy and stimulating its economy as it did in 2009 China is slowing. Its (gross domestic product) GDP growth rate has fallen to 8.1%.  Not...

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The RBI is again facing a chicken and egg situation, as it has the unenviable task of deciding its priority, whether controlling inflation or propelling growth, when it announces its annual monetary policy on 17 April, 2012 The Reserve Bank of India (RBI) is again facing a chicken and...

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Moneylife Digital Team 13 April 2012
Infosys, the second largest listed IT company in India, reported numbers that fell short of market expectations. Analysts feel that this may raise questions on the demand for IT services in the coming quarters Infosys shares fell by over 13% on Friday due to the company’s disappointing...

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Moneylife Digital Team 12 April 2012
The company feels that the new facility would augment its distribution channel for its earth moving machines in India Caterpillar India launched its new backhoe loader manufacturing facility in Thiruvallur near Chennai. The new facility not only strengthens the company’s growing presence...

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Dr SD Israni 12 April 2012
It is good that a uniform age of 60 years has been fixed to qualify as a senior citizen under all provisions of the I-T Act. One provision in the Union Budget that caught my attention is with respect to senior citizens. Ordinarily, the Union Budget should not be a forum to discuss...

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The effect of the Budget on automobiles has been discussed in other forums but here is the buzz on the street and in dealer stockyards Discounts on luxury cars, like BMW 3 Series/Mercedes ‘C’ class/Audi A-4, continue to score in double-digit percentage points. With the added advantage of...

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Moneylife Digital Team 11 April 2012
Due to the dip in domestic demand and surplus production, cotton traders want the export ban lifted The government, on Monday, announced that it won’t allow additional cotton exports during the current marketing year, after reviewing the current domestic consumption pattern. However,...

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Soma Bagaria  and   Nidhi Ladha 11 April 2012
After the Budget 2012-13 disappointments, foreign investors are expected to be relieved by some of the steps taken by the government to relax the FDI norms The Department of Industrial Policy and Promotion (DIPP) on Tuesday issued the revised Consolidated Policy for Foreign Direct...

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Moneylife Digital Team 10 April 2012
A directive from the Petrol and Natural Gas Regulatory Board has ordered Indraprastha Gas to refund the excess charges which might erode its net-worth completely A directive from the Petrol and Natural Gas Regulatory Board (PNGRB) to Indraprastha Gas (IGL) has ordered the company to...

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Moneylife Digital Team 10 April 2012
Social networking site, Facebook, came down heavily on employers for snooping on their workers’ personal account. In a blog, Erin Egan, Facebook’s chief privacy officer, said that they have seen an increase in reports of employers seeking to gain inappropriate access to people’s Facebook...

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 The major frauds in the banking industry during the last two decades were mainly because of the failure of the audit profession in identifying the signals in advance The appointment of statutory central auditors for public sector banks (PSBs) was the prerogative of the Reserve Bank of...

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 In the US, domestic political compulsions prevent hiking taxes on their super rich, despite people like Warren Buffet offering to pay higher taxes. On the other hand, our poverty-stricken rural poor, designated Below Poverty Liners, are driven to suicides We, in India, are not the only...

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EAS Sarma 09 April 2012
The Coal India case underlines the need for professional autonomy, creation of a reasonable distance between the Ministries and the PSUs and a clear definition of the obligations of the PSUs. This is the concluding part of the series on state-owned companies Over the years, despite the...

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National Maritime Day has come and gone, but the potential of India’s maritime prowess and power is steadily being strangled and eroded. First it was our ships and shipping lines, now it is our ports. What is left after that? Every year in the first week of April for the past six...

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Moneylife Digital Team 09 April 2012
Assocham, a lobby of multinationals has alleged the manipulation in price and fraud in guar gum is benefiting a few rouge traders while thousands of genuine traders, hedgers, exporters and farmers are losing their money at the commodity exchange Associated Chambers of Commerce and...

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