ECONOMY & NATION


Moneylife Digital Team 03 February 2015
Big companies like Reliance, Airtel, Vodafone and Aditya Birla Nuvo are eyeing payment banks just when Modi Jan Dhan scheme claims to have brought everyone into the formal banking fold   A clutch of hopefuls, ranging from the biggest to smaller make up the list of 113 applications, 72...

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The government gets going on tax treatment, disinvestment and spectrum sales   On 28th January, immediately after bidding goodbye to US president Barak Obama, the government got down to business and announced three big decisions. Of these, the most sensible was the decision not...

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Moneylife Digital Team 03 February 2015
Jaitley said AAP has to answer who were behind the companies that donated Rs2 crore the Kejriwal-led party and what was their source of income    Union Finance Minister Arun Jaitley on Tuesday said Arvind Kejriwal-led Aam Admi Party (AAP) was caught red-handed in receiving funds...

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The Railways is in dire need of funding, while Coal India is unable to supply adequate coal as there are not enough rakes. Why not allow Coal India to invest in Railway to ensure that it gets all rakes required to transport coal to its customers and power producers    For the first...

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Moneylife Digital Team 03 February 2015
While keeping key rates unchanged, the RBI Governor expressed displeasure that despite a generalised fall in the cost of funds, banks have not yet passed these effects and benefits of policy rate cut from 15th January, into the spectrum of lending rates   The Reserve Bank of India...

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Moneylife Digital Team 02 February 2015
These allegations have come up at a time when there are just five days to go for the Delhi assembly polls, and closely follow AAP-leader Arvind Kejriwal's statement about his plans to file a complaint against the Bharatiya Janata Party (BJP) to the Election Commission (EC)   In a...

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Moneylife Digital Team 02 February 2015
Payments Banks cannot issue credit cards or undertake lending activities   Aditya Birla group has applied to RBI (Reserve Bank of India) for a payments bank license. The specific company within the group was Aditya Birla Nuvo Limited.   "Aditya Birla Nuvo, on 2 February 2015,...

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Moneylife Digital Team 02 February 2015
The Reserve Bank of India is scheduled to review its policy rates on Tuesday. An interest rate cut could be a stimulus to manufacturing activity in India   Manufacturing growth declined to a three-month low in January 2015 on slower pace of order flows from domestic and global...

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New areas of collaboration include the Railways, industrial parks and reciprocal arrangements to be made so that India and China can expand business   India’s External Affairs Minister, Sushma Swaraj, has begun her four-day visit to China in preparation for the proposed China visit by...

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Moneylife Digital Team 30 January 2015
The four times MP and former Minister of Environment said she obliged to the 'wishes' of Rahul Gandhi while serving as minister but was unceremoniously removed from her post and sidelined without any reason   Jayanthi Natarajan, the former Minister of Environment, Friday said she is...

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Moneylife Digital Team 29 January 2015
According to the Urban Development Secretary, in next two days the government will complete the process of identification of 100 cities, which it wants to make smart   The framework for Prime Minister Narendra Modi's ambitious project of developing 100 smart cities will be finalised...

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Moneylife Digital Team 29 January 2015
Before his sudden appointment as foreign secretary, Jaishankar was India’s Ambassador to the US and played a key role during PM Modi’s visit to the US in September and US President Obama’s just concluded visit   S Jaishankar on Thursday took charge as foreign secretary, replacing...

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Moneylife Digital Team 28 January 2015
While Indian markets are getting huge inflows, money is flowing out of other emerging markets     Dedicated EM (emerging markets) equity funds reported a large outflow of US$3.20bn for the week ending 21 January 2015. This is the 10th consecutive week of outflows for dedicated EM...

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Moneylife Digital Team 28 January 2015
Gas output from D1 and D3 fields in KG-D6 block has fallen from about 54 mmscmd achieved in 2010-11 to just over 8 mmscmd   Reliance Industries Ltd and its partner BP Plc of UK will invest about Rs6,000 crore by 2016 to help sustain and improve recovery from the two main gas fields in...

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Moneylife Digital Team 28 January 2015
The invitation to the dinner, hosted by Rashtrapati Bhavan for the US President, had been delivered at Delhi’s Maharashtra Sadan on 17th January, but was not forwarded to Fadnavis in time   Maharashtra Chief Minister Devendra Fadnavis, who missed a dinner date with US President...

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Moneylife Digital Team 28 January 2015
Shiv Sena said if the words, secular and socialist, were deleted from the Republic Day advertisement by mistake this time, they should be deleted from the Constitution permanently   A day after row erupted over a Republic Day advertisement of Information and Broadcasting (I&B)...

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When mining operations in Goa is resumed, more than one hundred thousand miners will be able to get back to work, though they are not usefully employed in the mining operations   Indian iron ore mining industry is expected to produce 130 million tonnes this fiscal, as against the...

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Moneylife Digital Team 27 January 2015
Credit metrics of real estate companies would continue to deteriorate next fiscal year, as demand would remain subdued amid high property prices even as inventory was being built-up using bank funding, the ratings agency says   Housing sales are unlikely to recover in the next fiscal...

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It is hoped that in the ensuing budget, some encouraging provisions would be made to increase production of solar power to support domestic manufacturers   The Ministry of New and Renewable Energy (MNRN) has put out a draft guideline for setting up 3,000 MW grid connected Solar...

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'Promoter funding', has contributed to the growth of NBFCs but there is no substantial productive asset behind such funding. Will the RBI act?   As children, it was a great fun to build castles with wet sand. The castle will stand fine and firm till it was small. But then there was...

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