ECONOMY & NATION


Moneylife Digital Team 16 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 agriculture sector.  Will they be too hot for the PM? This is second part of a multi-part series    Prime Minister Narendra Modi appointed his...

Read More



Moneylife Digital Team 16 January 2015
Increase in automotive sales, and benign inflation are the positive factors, but, sluggish credit growth to major sectors and elevated interest rate has dragged the index downwards, SBI said   The SBI Composite Index, an indicator for tracking India’s manufacturing activity,...

Read More



The new draft rules for civil aviation that are expected to replace the irksome 5/20 rule may be cleared soon, despite strong opposition from existing domestic carriers. A court battle may ensue    Practically, from the time he took over as the Union Minister for Civil Aviation, Ashok...

Read More



Moneylife Digital Team 15 January 2015
SpiceJet co-founder Ajay Singh, who holds 4.5% stake has been given control of the ailing carrier by promoters Maran and Kal Airways   Beleaguered budget carrier SpiceJet on Thursday said that it decided to transfer ownership, management and control of the company back to its...

Read More



Moneylife Digital Team 15 January 2015
Over $98 billion was wiped off the value of Swiss stocks, their biggest daily fall in 26 years, while the pan-European FTSEurofirst 300 slumped 2% and Wall Street futures turned negative after the SNB scrapped its three-year old peg of 1.20 Swiss francs per euro   Global markets were...

Read More



Moneylife Digital Team 15 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. Will they be too hot for the PM? This is first part of a multi-part series    Prime Minister Narendra Modi dismissed...

Read More



Moneylife Digital Team 15 January 2015
Former supercop Kiran Bedi, who last year declared support for Narendra Modi as the prime ministerial candidate, would contest Delhi Assembly polls from BJP   Kiran Bedi, former officer from the Indian Police Service (IPS) on Thursday joined Bharatiya Janata Party (BJP). Welcoming her...

Read More



Moneylife Digital Team 15 January 2015
According to analysis from ADR and DEW, out of 70 outgoing MLAs from Delhi, 25 had criminal cases. Shockingly, 20 MLAs had serious criminal charges filed against them, including attempt to murder, dacoity and assault against women, the data shows   The Association of Democratic...

Read More



Prachi Narayan 15 January 2015
The Revised Guidelines of RBI give untrammelled powers of judicial review on the banks that surely lack judicial skills   Regulators have been attempting to deal strongly with wilful defaulters. Reserve Bank of India’s (RBI) efforts in this direction got gets support from the...

Read More



Moneylife Digital Team 15 January 2015
While cutting the repo rate at which RBI lends money to banks by 25 basis points, the central bank has kept cash reserve ratio unchanged at 4% mainly on lower than expected inflation    The Reserve Bank of India (RBI) on Thursday cut repo rate (the rate at which the RBI lends money to...

Read More



Moneylife Digital Team 14 January 2015
The Defence Minister said he had recommended that the position of DRDO Chief should not be held by a person on contract and India needs to introduce slightly younger generation in the scientific world   India's Defence Minister Manohar Parrikar on Wednesday said there was no...

Read More



A consortium consisting RCF and other state-owned companies is planning a joint venture with a suitable partner in Iran, so that the entire production of urea-ammonia can be underwritten for supplies, back to India   In the past few months, we have been crying hoarse for India to set...

Read More



Taking advantage of the falling crude prices, India could invite Gulf oil producers to enter into joint ventures in storage space in other countries   The international market has been witnessing a great fall in crude oil prices and the experts believe that this may even touch $40 a...

Read More



Moneylife Digital Team 12 January 2015
According to a proposal received by Oil Ministry households that have received electricity as per 2011 census, should not be given kerosene at subsidised rates   Dharmendra Pradhan, the Minister of State for Petroleum and Natural Gas, on Monday said that the government has received a...

Read More



Moneyllife Digital Team 12 January 2015
So far, the Modi government has realised Rs1,715 crore from disinvestment proceeds against a target of Rs43,425 crore for FY2014-15   With less than three months left in the current fiscal, Finance Minister Arun Jaitley Monday said the divestment programme would be pursued on priority...

Read More



The change in the leadership of Sri Lanka and the openness shown by PM Modi, trade and friendly relations can be given a big boost. Sri Lanka gives a great opportunity and scope for Indian companies to offer their products and services, particularly in northern part of the...

Read More



The three urea makers in the South, which are currently using naphtha as feeder stock, must have a definite assurance that the subsidy will not be withdrawn till gas connectivity is fully operational   The government had notified that the three naphtha based urea plants in the South...

Read More



Moneylife Digital Team 09 January 2015
While assuring freedom of non-interference in matters of commercial decisions, transfers, and postings to chiefs of banks, FIs and insurance companies, the Ministry also warned to hold them accountable for favouring somebody   Perhaps, for the first time, the Department of Financial...

Read More



Moneylife Digital Team 08 January 2015
‘Overall, we expect GDP growth to pick up from 5.4% in FY15 to 6.5% in FY16 and further to 7% in FY17,’ a Macquarie report said   The Indian economy is moving on the right track with efforts to fast track reforms, raising prospects of pick-up in growth from 5.4% in FY15 to 7% by...

Read More



Moneylife Digital Team 07 January 2015
The banks had loaned a total of Rs7,000 crore to Mallya's now defunct airline, which they have been trying to recover   17 banks have come together to file a contempt application against Vijay Mallya, Kingfisher Airlines and United Breweries Holdings Limited.    The contempt...

Read More

Free Helpline
Legal Credit
Feedback