ECONOMY & NATION


Rohit Vaid (IANS) 28 December 2015
The grand scheme, however, still hangs in the balance and awaits the union cabinet's approval   If the revival of an airline and return to profitability of some others marked the highlights in 2015 in Indian aviation, the year also went by without the government spelling out its...

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Fakir Balaji  and   Sharon Thambala (IANS) 28 December 2015
The National Association of Software Services and Companies (Nasscom) had initiated an ambitious programme in 2013 to incubate about 10,000 domain-specific start-ups across the country by 2020 for rolling out software products, solutions and apps for individual and enterprise users in...

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Biswajit Choudhury (IANS) 24 December 2015
Notwithstanding a sharp cut in the government's growth forecast at the fag end, 2015 will go down as the year when India emerged as the fastest-growing large economy, despite setbacks such as 12 months of negative export growth, another bad monsoon and roadblocks to the far-reaching goods and...

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IANS 24 December 2015
The CBI on Wednesday raided at least 18 different locations of Ramel Group of Industries across West Bengal in the chit fund scam, an official said.   "Searches are being conducted at 18 places in West Bengal in connection with investigation of case against Ramel Group. Searches are...

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IANS 24 December 2015
The BJP on Wednesday suspended its MP Kirti Azad, who has alleged large-scale corruption in Delhi's cricket body when it was headed by now Finance Minister Arun Jaitley. Azad termed the action "unfortunate" and vowed to fight on.   "He has been suspended with immediate effect for...

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IANS 24 December 2015
The winter session of parliament that concluded on Wednesday saw a tussle between the opposition and the government on a range of issues with many crucial bills, including the GST and real estate bill, not getting parliamentary approval.   The session, which started on November 26...

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IANS 24 December 2015
Parliament's winter session ended on Wednesday with both the houses adjourned sine die amid opposition uproar over various issues including the Ram temple construction in Ayodhya and alleged financial irregularities in Delhi's cricket board.   Rajya Sabha Chairman Hamid Ansari asked...

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Moneylife Digital Team 23 December 2015
According to CARE Ratings, the risks to the banking sector increased since the publication of the previous Financial Stability Report, mainly on account of deteriorating asset quality, lower soundness and sluggish profitability, says the RBI in its latest FSR   The performance of the...

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IANS 23 December 2015
The Reserve Bank of India (RBI) is in the process of preparing a new Payment Systems Vision document, Deputy Governor R. Gandhi said on Tuesday.   "The Reserve Bank is working on the next Payment Systems Vision document. In this context, it is also imperative that market participants...

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IANS 23 December 2015
The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minster Narendra Modi on Tuesday approved a Rs.3,000 crore umbrella scheme for integrated development and management of fisheries.   "The central sector scheme covers development and management of inland fisheries,...

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IANS 22 December 2015
The Indian economy is expected to experience a gradual and sustainable recovery and post GDP growth of 7.5 percent this fiscal, American financial services firm Morgan Stanley said in a report on Tuesday.   "We expect a slightly slower pick-up in growth trajectory, given the trailing...

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IANS 22 December 2015
Industrialist Anil Ambani-led Reliance Communications (RCOM) on Tuesday said it has initiated talks with the promoters of Aircel to combine the wireless business of the two companies, with synergies in investments and returns.   A pact for 90-day exclusive talks has been initiated...

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IANS 22 December 2015
 A "budding bromance" between India and the US or "Modbama" as Foreign Policy called it, under Prime Minister Narendra Modi and President Barack Obama, took their ties to a new high in the year gone by.   The year began with Modi, once a persona non grata in the US, staging what was...

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IANS 22 December 2015
The Enforcement Directorate on Monday attached properties worth several crores of rupees belonging to people accused in the Saradha scam, including former union minister Matang Sinh.   According to an ED source, properties both moveable and immoveable, spread across Assam, West Bengal...

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IANS 22 December 2015
A total of Rs.4,595 crore has been collected from 348 toll plazas across India in the current fiscal up to November 15, parliament was informed on Monday.   "Fee is levied and collected on small stretches of National Highways," said Minister of State for Road Transport and Highways...

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Amit Kapoor (IANS) 21 December 2015
Overall, the review offers rich insights about the Indian economy and its performance. It also gives a semblance of things that are to be expected in the future especially the forthcoming budget   The recently released mid-year review of the Indian economy by the finance ministry...

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IANS 21 December 2015
The company also expects to finalise and announce plans very shortly for monetisation of its valuable real estate measuring nearly 4 acres, situated at a prime location in New Delhi   Industrialist Anil Ambani-led Reliance Communications (RCOM) on Monday said it has sold nearly 150...

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Venkatachari Jagannathan (IANS) 21 December 2015
The Volkswagen emission scandal is probably the strongest jolt to have hit the automotive industry worldwide which had its impact in India as well   Indian passenger car makers were under legal and regulatory spotlights in 2015, while for the automobile industry, in general, it was a...

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IANS 21 December 2015
Jaitley, who headed the Delhi and District Cricket Association (DDCA) for 13 years till 2013, has been accused of corruption by Delhi's ruling AAP   Finance Minister Arun Jaitley will file a civil and criminal defamation case against Delhi Chief Minister Arvind Kejriwal, BJP MP Kirti...

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IANS 19 December 2015
BJP leader Subramanian Swamy, the lone petitioner in the National Herald case, said he has never spoken to Prime Minister Narendra Modi about the case.   Congress chief Sonia Gandhi and her son and party vice president Rahul Gandhi appeared in a trial court here on Saturday in the...

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