ECONOMY & NATION


Moneylife Digital Team 02 January 2015
In a rare case of a government lender going after big fish for Loan recovery, the DRT allowed LICHFL to take over Orbit's tower for recovery   Following orders from the Debt Recovery Tribunal (DRT), LIC Housing Finance Limited (LICHFL) has taken over physical possession of Orbit...

Read More



Moneylife Digital Team 02 January 2015
The HSBC's Purchasing Managers' Index that measures factory output showed significant growth for the month of December amid slowdowns in most developing economies   The HSBC Purchasing Manager's Index (PMI) came in at 54.5 for the month of December, as compared to 53.3 last month. A...

Read More



Moneylife Digital Team 31 December 2014
This less politically contentious change could help get quicker decisions and improve the entire arbitration process   With all political and public focus on the ordinance for the changes to the Land Acquisition Act, another ordinance has slipped by relatively unnoticed. The cabinet...

Read More



Moneylife Digital Team 30 December 2014
According to the AAP leader, e-commerce is an online scam that benefitted a select few and it must be investigated   Aam Aadmi Party (AAP) convener Arvind Kejriwal has pledged to take on online retailers. According to a report from Economic Times, Kejriwal, lending his weight behind...

Read More



Moneylife Digital Team 30 December 2014
According to reports, the Finance Ministry would observe Wednesday as the dedicated day for resolving taxpayer's issues   The Finance Ministry is proposing to reserve one day in a week to redress grievances of taxpayers. An official from the Ministry, who is aware of the development...

Read More



Moneylife Digital Team 30 December 2014
RBI released its half yearly Financial Stability Report and said that banks' battle with NPAs depended on an expected trunaround in the economic scenario during the coming year up to March 2016   The Gross Non Performing Assets (GNPA) of all Scheduled Commercial Banks rose to 4.5% as...

Read More



Several fertilizer units have stopped production due to inadequate gas supply from the domestic market. This resulted in India importing over 15 lakh tonnes of fertilizers at higher prices. In such a scenario, setting up of an integrated Coal Gasification-cum-fertilizer and ammonium nitrate...

Read More



Moneylife Digital Team 29 December 2014
With Mr. Subhash Sawant and others questioning the prevailing unfettered, unquestioned disbursing of public funds by Public Sector Banks at "Will" - theirs' or their political masters', a new chapter has begun in the public space   Social worker Abhay Desai, has been working with...

Read More



Abhirup Ghosh 29 December 2014
Provisions of the revised framework and the Guidelines on Restructuring of Advances by NBFCs, have left ambiguity in the provisioning of assets that may be considered standard, after change in repayment schedule and/or restructuring   Non-Banking Financial Companies (NBFC) have been...

Read More



Since the current crisis in Russia has arisen out of western sanctions, a bi-lateral currency agreement would benefit both countries in the long run.   In 2013-14, the Indo-Russian trade amounted to S6.01 billion with the balance of trade in favour of Russia, as Indian exports during...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More

Free Helpline
Legal Credit
Feedback