ECONOMY & NATION


Moneylife Digital Team 23 March 2012
While onion prices could rise from June, experts highlight the urgent need for government intervention to safeguard the interest of the farmers Thanks to record production, onion growing farmers in Maharashtra are reeling under losses due to crashing prices in the wholesale markets....

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Moneylife Digital Team 22 March 2012
The CAG report on coal were observations which are under discussion at a very preliminary stage, do not even constitute ‘pre-final draft’ and hence are exceedingly misleading, the CAG said in a letter to the PM Amid uproar in Parliament over the reports of the alleged coal scam of Rs10.7...

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Moneylife Digital Team 22 March 2012
The path to digitisation has plenty of roadblocks which is affecting the revenues and profits of companies in the broadcast media The television media is looking forward to digitisation, which is said to be beneficial for—both channels and broadcasters. It is expected to increased...

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Moneylife Digital Team 22 March 2012
Fare hike in sleeper, suburban, AC chair car and AC 3-tier to be rolled back, railway minister Mukul Roy said Railway minister Mukul Roy on Thursday announced a roll-back of passenger fares, which were part of the Rail Budget 2012 presented by his predecessor Dinesh Trivedi last week.

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Moneylife Digital Team 21 March 2012
 Despite alliances, joint ventures and other alliances, matters haven’t improved for India’s media companies. These ‘glamour stocks’ have failed to live up to their investors’ expectations. It remains to be seen how digitisation will affect the industry The FICCI KPMG 2012 report says...

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Clearly, spanking new planes are not just the only thing Air India needs, but a professional and experienced airline management team is needed, as well. It needs a strategy rather than random decision making, otherwise, Air India will keep fishing for one-off travellers due to its low fares,...

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In a case similar to Wockhardt, creditors of Zenith Infotech filed a winding up petition in the Bombay High Court due to defaults in payment of about Rs450 crore They represent the Gen Next at India Inc and can be found talking about corporate governance and transparency at various forums....

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Moneylife Digital Team 19 March 2012
In its zeal to make everyone a tax evader, an imperious UPA government has made a ridiculous amendment to the Income Tax law with retrospective effect The Union Budget for the year 2012-13, presented by Pranab Mukherjee on Friday was generally void of any major reforms. However, there...

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Dr SD Israni 19 March 2012
While the intent of the finance minister may be to boost the revenues so that he can have funds to spend on the social sector, the big question is what will be the impact on the consumers’ pockets? The Union Budget has become a great annual media event with every channel vying to outdo...

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Moneylife Digital Team 19 March 2012
EAS Sarma, former power and finance secretary in his letter to the prime minister accuses significant concessions being given to power companies at the expense of consumers EAS Sarma, former power and finance secretary has written to prime minister Manmohan Singh pointing out the...

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What is true for the US is true for countries. While countries like Canada and Spain might be able to deal with a housing price collapse in a few years, a housing collapse in India and Brazil might take decades to clear. In China with few laws at all, the impact could be devastating and long...

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The Union Budget 2012 has introduced universal service tax. All services other than those that are negative-listed are liable to service tax. However, as the transfer of right to use is completely taken out from the purview of service tax, operating lease and financial lease are completely...

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Moneylife Digital Team 16 March 2012
On one hand the finance minister doled out minor income tax benefits but on the other hand he put additional burden of 20% hike in service tax and excise duty on the common man The Union Budget for FY2012-13, by and large, remained a non-event. Moneylife brings experts reactions,...

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Shukti Sarma 16 March 2012
Budget 2012-13 has come as a disappointment to most people. Neither customers, nor real estate developers happy about the finance minister’s offerings Jones Lang La Salle, a real estate broker, summed up the reaction of the realty sector as 'mixed', saying there is little to be excited...

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Moneylife Digital Team 16 March 2012
Gold jewellery, cars, diamonds, pan masala, cigarettes, cement, air travel, phone bills, refrigerators, air conditioners, courier services set to become costlier while LED-LCD TVs, mobiles, solar lamps, natural gas, LNG, tyres, cycle, salt, match box and cinema tickets are going to cost less...

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Moneylife Digital Team 16 March 2012
Dampeners like policy paralysis, difficulty in environment clearance, and achieving financial closure had impacted execution of projects and yet the government has increased its target for road completion Finance minister Pranab Mukherjee has said that the government will give contracts...

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Moneylife Digital Team 16 March 2012
In the Budget for 2012-13, the finance minister has increased the tax exemption limit to Rs2 lakh and also increased limits of tax slabs Here is what you will be paying as income tax for FY13.. For up to Rs3 lakhs - NIL; Rs4 lakhs - Rs6,180; Rs5 lakhs - Rs6,180; Rs6lakhs - Rs10,300; Rs8 lakhs -...

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Moneylife Digital Team 16 March 2012
Finance minister Pranab Mukherjee presented the General Budget for 2012-13 in the Lok Sabha amid uproar in the House. Highlights of the finance minister's speech: Baggage allowance for people of Indian origin increased from Rs25,000 to Rs35,000 and for children from...

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Moneylife Digital Team 15 March 2012
Salaried employees earning up to Rs5 lakh per year will not be required to file income tax (I-T) returns from this year, says a finance ministry notification. There are about 8.5 million salaried persons in the country whose annual income, including earnings from other sources, does not...

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