ECONOMY & NATION


IANS 27 January 2016
Washington/New Delhi : With global crude oil prices in free fall through most of 2015, the World Bank has sharply revised downwards its forecast for oil price in 2016, at an average of $37 a barrel from $51 predicted in October, in the context of the continuing supply glut and low demand...

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Moneylife Digital Team 25 January 2016
Nomura's NRPSI sees the RBI delivering a final 25bp rate cut in its post-budget policy meeting in April 2016. However, an earlier inter-meeting cut cannot be ruled out   Nomura has launched a new index called Nomura RBI Policy Signal Index (NRPSI), which it says quantifies the...

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Moneylife Digital Team 25 January 2016
The Madras High Court last week ordered liquidation of H&M and announced appointment of an official liquidator. The hard-hitting order noted that the company had siphoned off funds, appears unreliable and 'cannot be believed any further'. It has directed an investigation by the serious frauds...

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IANS 25 January 2016
New Delhi : Indian start-up companies saw a 2.3 times increase in number of private equity (PE) or venture capital (VC) funding deals in 2015, which indicated a significant broadening of the sector beyond e-tailing, a recent Jefferies research note said here.   "There was a 2.3x...

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IANS 25 January 2016
New Delhi : With the Republic Day online sale offering some great discounts entering its last phase, the nation's top e-taliers have seen a tremendous response from the customers for mobile phones and other electronic gadgets.   According to Snapdeal, the demand for mobile phones and...

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IANS 25 January 2016
New York : With some of the high-profile executives putting in their papers, Twitter is set for a major overhaul this week under Jack Dorsey, the new CEO of the micro-blogging site, to revive the company's fortune, media reported.   According to a report in the Wall Street Journal,...

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IANS 25 January 2016
New Delhi : President Pranab Mukherjee on Sunday said the growing number of tax disputes in India and the amount involved call for innovative tax litigation management to contribute to further ease of doing business in the country.   "With the development of Indian economy, the direct...

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IANS 25 January 2016
Chennai : Global credit rating agency Moody's Investors Service and its Indian affiliate ICRA Ltd on Monday said their poll said India's economic exposure to external riks has gone up during the past seven months.   In a statement, Moody's said the poll was conducted during Moody's...

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IANS 23 January 2016
New Delhi : In a move designed to reduce tax litigation, the Central Board of Direct Taxes (CBDT) on Friday signed seven more unilateral Advance Pricing Agreements (APAs) with taxpayers.   "This takes the tally of APAs signed so far to 39 (38 unilateral and one bilateral). In the...

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IANS 23 January 2016
A memorandum of understanding (MoU) was signed between the two sides in Beijing in the presence of Haryana Chief Minister Manohar Lal Khattar on Friday   China's Wanda Group will invest 10 billion dollars to develop an industrial park in Haryana, the state government announced on...

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IANS 23 January 2016
Bengaluru : Blaming the new management for the company's net worth erosion, many shareholders of United Spirits Ltd (USL) on Friday questioned the resolution to declare it sick under the Sick Industrial Companies Act (SICA).   Though USL chairman Vijay Mallya and full-time directors...

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Abhishek Waghmare (IANS) 23 January 2016
Vasudev Lokhande is the beneficiary of an ambitious Maharashtra government programme to permanently transform the lives of farmers devastated by a record-setting drought, but he is unhappy about its benefits.   In an agrarian eastern corner of India’s most industrialised state,...

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IANS 22 January 2016
New Delhi : While non-banking finance companies (NBFCs) in India will continue to fund through securitisation, the practice of pooling of loans will be key for developing small finance banks, Moody's Investors Service said on Thursday.   "Securitisation will continue to be...

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Moneylife Digital Team 21 January 2016
The tax authorities arrested a senior official of MakeMyTrip without even issuing a show cause notice for alleged evasion of service tax of Rs67.4 crore. The High Court remarked, we are getting reduced to a police state   The Delhi High Court has asked the Central government to file a...

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IANS 21 January 2016
Singapore : India is changing its taxation laws towards greater stability and predictability in the tax regime and trying to settle previously pending disputes, Finance Minister Arun Jaitley said on Thursday.   "It has been our effort in India to gradually transform and change most of...

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IANS 21 January 2016
New Delhi : The Indian telecom watchdog on Wednesday released draft directions on delivering broadband services in a transparent manner.   In the draft directions, the Telecom Regulatory Authority of India (TRAI) has asked all telecom service providers rendering fixed broadband...

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Moneylife Digital Team 20 January 2016
The Nashik Security Press has reportedly burnt 30 crore currency notes of Rs1,000 denomination that had no security thread!   The Nashik unit of Indian Security Press (ISP), owned by state-run Security Printing and Minting Corporation of India (SPMCIL), has reportedly burnt 30 crore...

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Profit motive and competition funnels funding to the unfunded better than government 'schemes', as this example of a finance company shows   The Reserve Bank of India’s (RBI’s) College of Agricultural Banking has announced a case study competition for bankers to find innovative ways...

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IANS 20 January 2016
New Delhi : The central government on Wednesday approved a land swap agreement between Mumbai International Airport (MIAL) and Municipal Corporation of Greater Mumbai (MCGM).   The decision was taken by the union cabinet which met here under the chairmanship of the Prime Minister...

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IANS 20 January 2016
New Delhi : The union cabinet on Wednesday approved a new power tariff policy designed to promote clean energy, better regulation of distribution companies (discoms), and ease of the process of doing business in the sector.   "For the first time, a holistic view of the power sector...

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