ECONOMY & NATION


Shambo Dey 30 January 2014
An Indian subsidiary of a foreign company may remain private by its own choice as far as its internal matters are concerned such as not inviting public to subscribe in shares. But in the eyes of law, it will be public This article analyses the relevant sections of the old and new...

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Moneylife Digital Team 30 January 2014
The political and currency crises of Latin America and Turkey are likely to affect Indian companies, notably Bajaj Auto, United Phosphorus and Aban Offshore. Even engineering goods, pharma and auto companies are likely to be affected Credit Suisse has come up with a research note on the...

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Under the auction of the new licensing policy, bidders can look for all types of hydrocarbons, such as gas, oil, coal bed methane or shale Two weeks ago, during the Petrotech 2014 meet at Noida, petroleum minister Veerappa Moily gave some details of the new auction planned, where as many...

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Moneylife Digital Team 29 January 2014
According to the union government, AAP leaders, including Arvind Kejriwal, have not provided information sought by them on the funding received by the party The union government on Wednesday told the Delhi High Court that leaders of Aam Admi Party (AAP), including Delhi chief minister...

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Moneylife Digital Team 29 January 2014
We should not forget that the Governor is probably aiming for a 4% in three years—that's a lot of disinflation, requiring a Volcker-type approach to monetary policy, warns Credit Suisse in a research note RBI Governor Rajan surprised markets again—this time by raising the repo and...

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Asking banks to increase their provisioning and provide more capital for their exposures to un-hedged forex exposures is certainly not the best solution to the problem of bloating NPAs Reserve Bank of India (RBI) deputy governor Dr KC Chakrabarthy, in his address, at the Conference of...

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The government must dole out incentives at the earliest, else the farmer may be forced to reconsider if it is worthwhile for him to continue with producing sugarcane or go in for other crops The Indian sugar industry has carried over a large stock of 85 lakh tonnes from the last season....

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Moneylife Digital Team 28 January 2014
Mobile operators can trade spectrum which they have bought through auction or have paid market price as per the guidelines issued by telecom regulator TRAI The Telecom Regulatory Authority of India (TRAI) on Tuesday cleared the spectrum trading guidelines that would allow mobile...

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Arthakranti is an interesting take on the Indian economy. However, informed discussions and revision are required to take India forward Innovation is the key to development. A country with 67 years of democratic rule, experimented with several economic policies with not much success. The...

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Any action that prevents the mining operation in Odisha will greatly hamper the country's export and the domestic market Justice MB Shah Commission's report on the illegal mining activities going on in Odisha, submitted recently, has been put on the backburner, for the time being, as the...

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Moneylife Digital Team 28 January 2014
RBI has hiked repo rate by 0.25% to 8%, while keeping the cash reserve ratio unchanged at 4%   The Reserve Bank of India (RBI), in its third quarter monetary policy review has hiked repo rate by 25 basis points (bps) to 8% and marginal standing facility (MSF) rate by 0.25% to 9% while...

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Moneylife Digital Team 27 January 2014
On behalf of its 28,000 members and bank customers, Moneylife Foundation has sent a letter to the RBI governor seeking more clarification for exchanging old or pre-2005 rupee notes In order to get more clarity on the currency notes withdrawal and exchange process, Moneylife Foundation,...

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Moneylife Digital Team 27 January 2014
For weeks, Ferreira had avoided appearing before Mumbai police in the Rs425 crore QNet scam, until the Session Court asked him to present himself before the EOW. Ferreira is also booked by Mumbai police for allegedly forging documents to sell a plot of land at Gorai in Malad Former world...

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Moneylife Digital Team 27 January 2014
According to a Thomson Reuters survey on constituents of conduct risk, culture came out on top (76%), closely followed by corporate governance (74%), then conflicts of interest and reputation (both at 68%) The findings of a new survey has shown that although conduct risk has become one...

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Throwing good money after bad is never a good idea, but if you put too much stress on an overleveraged system, you risk a systematic impact. Either way, the Chinese government, like other governments, will reap what they have sown. The only question is when? Default. It is an ugly word....

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Both know your customer and anti-money laundering processes, which are meant to reduce risks in the Indian banking sector, are themselves fraught with the danger of being caught in the web of operational risks The Basel guidelines (a set of banking regulations put forth by the Basel...

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A non-approved pipeline laid by Gujarat Gas Petroleum threatens to sideline gas supply. Is Gujarat Gas another victim of MoEF vague rules? It is sad to note that the Gujarat State Petroleum Corporation's $1.8 billion project, which has the potential to produce an estimated 5.7 million...

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Moneylife Digital Team 24 January 2014
Ranbaxy Laboratories shares plunged nearly 20% on Friday after US FDA banned drug imports from its Toansa plant in Punjab Ranbaxy Laboratories (Ranbaxy) shares prices plunged 20% on Friday and hit an intra-day low of Rs334, after confirmation the US Food and Drug Administration (USFDA)...

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Moneylife Digital Team 24 January 2014
Morgan Stanley isn’t exactly bullish on the Indian macro economic outlook due to stagflation and has drawn up three distinctive scenarios, none of which are too optimistic In their new report titled ‘Where Are We in the Boom-Bust-Adjustment (BBA) Cycle?’, Morgan Stanley Asia/Pacific...

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Did regulatory red tape choke KG-D6 output? DGH being itself the party challenging the claim made by Reliance cannot be the mediator to resolve the dispute! In 2010 the output of KG-D6 and MA fields of Reliance was around 61 mmscmd, which began to fall, instead of reaching the original...

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