ECONOMY & NATION


Moneylife Digital Team 04 March 2015
In a twist and turn of events, Arvind Kejriwal offered his resignation as national convener of AAP, ahead of the Party’s crucial meet. During the meeting, AAP reportedly decided not to have Yogendra Yadav in its Political Affairs Committee   Delhi’s chief minister Arvind Kejriwal has...

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Moneylife Digital Team 04 March 2015
Most of the spectrum put up for auction is currently held by Airtel, Vodafone, Idea Cellular and Reliance Telecom and their licences expire in 2015-16   The much awaited spectrum auction, where eight companies are bidding to acquire airwaves in four bands, started on...

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Moneylife Digital Team 04 March 2015
While cutting the repo rate at which RBI lends money to banks by 25 basis points, the central bank said steps the government takes on food management will be critical in determining the inflation outlook    The Reserve Bank of India (RBI) on Wednesday cut repo rate (the rate at which...

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Moneylife Digital Team 03 March 2015
Deloitte has been appointed administrators Monday night after Sahara defaulted on debts tied to the Grosvenor House and will work with realty consultancy JLL to find a buyer for the marquee hotel   In a fresh twist to crisis-hit Sahara Group's efforts to raise funds, its iconic London...

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Moneylife Digital Team 03 March 2015
AAP has convened a meeting of its national executive on Wednesday to decide on all issues, including the latest controversy over differences in the party   With the party facing escalated internecine conflict, Aam Admi Party (AAP) chief and Delhi’s Chief Minister Arvind Kejriwal on...

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Moneylife Digital Team 02 March 2015
Ranjan Dhawan, the senior most ED has been given additional charge as MD and CEO of Bank of Baroda for three months   Ranjan Dhawan, the senior most executive director of Bank of Baroda (BoB) has been given additional charge of managing director (MD) and chief executive (CEO) of the...

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Moneylife Digital Team 02 March 2015
As per the monetary policy framework agreement between Finance Ministry and RBI, the monetary policy will now target inflation to be 6% by January 2016   The Finance Ministry and the Reserve Bank of India (RBI) have agreed to inflation rate targeting under which the apex bank will aim...

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Moneylife Digital Team 28 February 2015
The Autonomous Banks’ Board Bureau would help banks to raise capital for meeting expansion needs as well as search and select heads of PSBs   In order to improve governance of public sector banks (PSBs), Finance Minister Arun Jaitley on Saturday proposed setting up an autonomous...

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Moneylife Digital Team 28 February 2015
Jaitley said all clearances and linkages will be in place before the 4,000 MW UMP project is awarded in a transparent auction system     India will set up five more ultra mega power projects (UMPPs), each of 4000 MW entailing investments of around Rs1 lakh crore, the...

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Moneylife Digital Team 28 February 2015
While there are no changes in income tax rates for individuals, Jaitley has increased exemption limit for health insurance premium, contribution to pension scheme and transport allowance   Finance Minister Arun Jaitley on Saturday kept the tax exemption limits for individual taxpayers...

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Moneylife Digital Team 27 February 2015
Inventory management, logistics planning and resource availability are important hurdles for online retail in India, the Survey says   As Internet penetration in India is on the rise, the eCommerce sector in the country is likely to witness a growth of over 50% over the next five...

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Moneylife Digital Team 27 February 2015
The Economic Survey suggests incremental changes in a host of areas – from manufacturing    The Economic Survey, tabled in the Parliament on Friday has estimated economic growth between 8.1 and 8.5% FY2015-16. “In the coming year, real GDP growth at market prices is estimated to be...

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Moneylife Digital Team 27 February 2015
The Subrata Roy-led Sahara group is facing a liquidity crunch for past one year due to embargo and double payment for investor refund, resulting into many problems like meeting employee salary, statutory and other operating obligations   Sahara Group's long-drawn dispute with...

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Moneylife Digital Team 26 February 2015
It appears that the Modi government has decided to boost growth through public investment. We saw this in the Railway Budget today. Will we see more of it in the Union Budget on Saturday?   The Mid-year economic analysis of the Ministry of Finance, which was released last December...

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Moneylife Digital Team 26 February 2015
In a letter, board chairman Venkat Chary has asked FTIL shareholders to send to the Ministry of Corporate Affairs their objections to the draft order on merger of NSEL with the company    Financial Technologies (India) Ltd has asked its shareholders to oppose the proposed 'forced'...

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Moneylife Digital Team 26 February 2015
Suresh Prabhu, presenting his first Railway Budget, refrained from populist measures like announcing new trains. Although there is no increase in passenger fare, freight rates for coal, cement, iron, and steel have been increased   While keeping subsidised passenger fares unchanged,...

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In the long-run, polymer currency notes can help the government to make counterfeiting practically impossible and reduce black money in circulation   The question of introducing polymer currency notes, in lieu of paper currency now in circulation, has been debated for more than two...

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Moneylife Digital Team 26 February 2015
Suresh Prabhu has set four goals to transform Indian Railways over the next five years, including delivery of a sustained and measurable improvement in customer experience and to make railway a safer means of travel   Presenting his maiden Railway Budget, Suresh Prabhu, the chartered...

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Vinod Kothari  and   Nidhi Bothra 26 February 2015
Will Finance Minister Arun Jaitley provide some clarity on different and confused tax provisions, especially for investment vehicles such as mutual funds, trusts and private equities in the Budget 2015?   All over the world, there are clear rules for being eligible for pass-through...

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Vinod Kothari  and   Nidhi Bothra 25 February 2015
Financial markets are hopeful that the Budget will clarify different and confused tax provisions regarding investment vehicles such as mutual funds, trusts and private equities   All over the world, there are clear rules for being eligible for pass-through status, but unfortunately,...

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