ECONOMY & NATION


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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The state government has sought interest free loans, restructuring of financing for sugar mills and providing interest-free bridge loans from the sugar development fund   The Cabinet Committee on Economic Affairs (CCEA) has announced the FRP (fair remunerative price) of sugar at Rs230...

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A plethora of products can help you save tax. But you need just three, if you are focused on long-term investing    It is that time of the year when taxpayers rush to find the best possible ways to invest and save money from the taxman. As you know, under various Sections of the...

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Moneylife Digital Team 22 January 2015
Nomura says surprisingly oil rather than food prices have a greater effect on inflation expectations   After remaining in double-digits for over 20 quarters, the inflation expectations survey of households suddenly tumbled to 9% y-o-y (year-on-year) in Q4 2014 from 12.7% in Q3. This...

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Moneylife Digital Team 22 January 2015
According to Morgan Stanley estimates, India’s current account will swing into a minor surplus of 0.3% of GDP in 2015 on improving terms of trade and decline in gold imports   India’s current account has been consistently in deficit over the last 10 years. Indeed, in 2012 it reached a...

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Rail links are needed to evacuate coal from mines and hence the combined efforts of the Railway Ministry and Coal Ministry would be useful to the country   While addressing a large gathering of business leaders, attending the Airtel-The Economic Times Business Summit recently, the...

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Moneylife Digital Team 20 January 2015
What are the economic ideas of Arvind Panagariya, the vice chairman of NITI Aayog? In a speech in February last year he had expressed rather radical ideas of reform on social spending. Will they be too hot for the PM? This is fourth part of a multi-part series    Prime Minister...

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Moneylife Digital Team 19 January 2015
In a speech in February last year Arvind Panagariya, the vice chairman of NITI Aayog had expressed rather radical ideas of reform for infrastructure sector and urban development. Will they be too hot for the PM? This is the third part of a multi-part series    Prime Minister Narendra...

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Moneylife Digital Team 19 January 2015
Krishna Tirath is the third high profile woman to have joined the BJP ahead of 7th February Delhi assembly elections after former IPS officer Kiran Bedi and ex-AAP leader Shazia Ilmi   Former union minister and Congress leader from Delhi Krishna Tirath on Monday joined the Bharatiya...

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