ECONOMY & NATION


Moneylife Digital Team 29 December 2014
Uber, the taxi aggregator that was banned in Delhi following the rape of a young woman by its driver, is trying very hard to resume its services in the national capital. On Monday, 29 December, the Transport Department of Delhi held a hearing to determine whether Uber can begin services...

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Moneylife Digital Team 26 December 2014
Due to poor recent experiences with the private sector, the government is pushing for much higher public investment, especially in infrastructure – at the cost of fiscal prudence   In the Mid-Year Economic Analysis (MYEA) for 2014-15, the Indian government has called a major policy...

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Moneylife Digital Team 26 December 2014
SpiceJet is expected to submit the revival plan to the government today, which would include new investors   The SpiceJet stock opened the day with a sharp gap up of around 10% and stayed around 7% above its previous closing price for today's session on the Bombay Stock...

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Moneylife Digital Team 24 December 2014
'The Ordinance demonstrates the firm commitment and determination of this government to reforms:' Finance Minister Arun Jaitley   The Union Cabinet today approved key insurance and coal sector reforms which were stuck due to the Parliament logjam and also opened medical devices sector...

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Moneylife Digital Team 23 December 2014
A non-cooperative borrower is one who does not engage constructively with his lender by defaulting in timely repayment of dues while having the ability to pay   The Reserve Bank of India (RBI) today came out with guidelines to define what it terms a 'non-cooperative borrower'. While...

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Moneylife Digital Team 23 December 2014
The Judge disposed of the case in favour of Captain Sanjay Sudan and declined the plea of Vijay Mallya's now defunct Kingfisher Airlines to be heard in the matter   A Delhi court on Tuesday directed Vijay Mallya's grounded Kingfisher Airlines to pay the outstanding salary of three...

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Notwithstanding platitudes about bad loans and NPAs, the government seems to have applied little thought in handling SpiceJet’s problems   As the capital market regulator keeps itself busy with tightening and rewriting corporate governance rules, the near-burnout, and probably...

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Moneylife Digital Team 23 December 2014
The report of the advisory panel called for expediting reforms in the distribution sector with targeted actions including privatisation or PPP (public private partnership) in distribution   Suresh Prabhu-led Advisory Group for Integrated Development of Power, Coal and Renewable Energy...

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The launch of new airline Vistara, will be a proud day for the Tata group, which pioneered the airline experience, more than 60 years ago   After having obtained the Air Operating Permit (AOP), Vistara have announced that their inaugural flight from Mumbai to Ahmedabad will take place...

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Truthinadvertising.in 22 December 2014
The maker of Hellmann’s mayonnaise closed the book on Mayogate Thursday, announcing that it had withdrawn its lawsuit against Hampton Creek, the maker of a competing vegan spread called Just Mayo, which doesn’t contain eggs.   “Unilever has decided to withdraw its lawsuit against...

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Moneylife Digital Team 20 December 2014
According to reports, Gadkari was fined Rs10,000 for failing to submit related documents in his criminal defamation case against AAP leader Arvind Kejriwal   A Delhi court on Saturday levied a fine of Rs10,000 on union minister Nitin Gadkari in his defamation case against Aam Aadmi...

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Moneylife Digital Team 19 December 2014
Airlines are indulging in unfair means in a big way and neither the Ministry of Civil Aviation nor the DGCA is monitoring it   The Lucknow bench of Allahabad High Court has asked the Indian government to submit copies of licence granted to private airlines as well as an order that...

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Moneylife Digital Team 19 December 2014
Prasad was a member of the Standing Committee on Finance that discussed gas pricing policy, while he was engaged by a RIL group company   Ravi Shankar Prasad, the Minister for Communications and Information Technology in the Narendra Modi government, was part of the Standing Committee...

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Moneylife Digital Team 19 December 2014
The Bill, tabled in Parliament, is to be taken up for discussion in the budget session.   On a day, when the Chief Economic Advisor, Arvind Subramaniam, praised the Goods and Services Tax implementation and said that it would be a game changer, the Finance Minister Arun Jaitley has...

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Moneylife Digital Team 18 December 2014
The introduction of negative interest rates makes it less attractive to hold Swiss franc investments, and thereby supports the minimum exchange rate, the Swiss Central Bank said.   Switzerland is introducing a negative interest rate on the deposits it holds for lenders, its central...

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'Improving the efficiency of fertiliser plants is vital so that every bit of energy saved is utilised in the right manner to produce more output:' R Mukundan, MD, Tata Chemicals   It may be recalled that, with effect from 1st October, the three southern urea producing units, viz,...

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Moneylife Digital Team 17 December 2014
The Modi government is reportedly ‘requesting’ banks to fund SpiceJet when the money is certain to be wasted. The UPA government at least, did not publicly put pressure on banks to lend to Kingfisher Airlines   Prime Minister Narendra Modi has stated repeatedly that the government has...

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Moneylife Digital Team 17 December 2014
Noting that reforms could boost India's growth further, ADB revised India's projected growth up from 5.3% to 5.5%   Weighed down by a slowing China, Asian developing economies were expected to grow at 6.1% this year, said the Asian Development Bank. However, the ADB also said that...

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Moneylife Digital Team 17 December 2014
Ford to recall EcoSport units made at Chennai plant between January 2013 and September 2014   Ford India announced that it would recall 20,752 units of its popular compact-sports utility vehicle, branded EcoSport. The recall has to do with multiple issues in units that were assembled...

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Although the government had made it mandatory for oil companies to blend 5% ethanol with petrol, it was not fully implemented due to the high prices of ethanol   The uncertain conditions in the Sugar Industry received an unexpected boost when the Cabinet Committee on Economic Affairs...

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