ECONOMY & NATION


Moneylife Digital Team 02 October 2014
These are numbers being bandied about by the Modi government. Are they real? Where will the money come from?   Nitin Gadkari, the union minister for Rural Development and Drinking Water and Sanitation on Wednesday announced a grant of Rs20 lakh for each village in the country every...

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Moneylife Digital Team 01 October 2014
Kingfisher Airlines said it obtained a stay from Calcutta High Court against United Bank of India's decision to declare the carrier as 'wilful defaulter   Vijay Mallya-controlled Kingfisher Airlines on Wednesday said it obtained a stay from Calcutta High Court against United Bank of...

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Moneylife Digital Team 30 September 2014
While keeping key rates unchanged, the RBI has reduce the liquidity provided under the export credit refinance facility from 32 % of eligible export credit outstanding to 15% with effect from October 10, 2014   The Reserve Bank of India (RBI), in its fourth bi-monthly credit policy...

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Moneylife Digital Team 29 September 2014
Shiv Sena, the second largest constituent of the NDA with 18 Lok Sabha MPs, was upset over poor representation it got in the Modi government as well as the heavy industries portfolio Geete had received   Anant Geete, Shiv Sena’s lone member in the Narendra Modi Cabinet, will resign,...

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Moneylife Digital Team 29 September 2014
According to the Commerce Ministry, nine developers of these SEZs have to refund the duty benefits availed by them   The Indian government has cancelled approvals of nine special economic zones (SEZs) citing unsatisfactory progress by the developers for executing of the projects. This...

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Moneylife Digital Team 29 September 2014
In Jayalalitha's case, since the sentencing is for a period more than three years, only the High Court can grant bail   J Jayalalitha, former chief minister of Tamil Nadu on Monday filed a petition in the Karnataka High Court challenging her conviction and seeking bail in the...

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Moneylife Digital Team 29 September 2014
A one-km auto rickshaw ride in Ahmedabad takes Rs10 and India reached Mars at less than Rs10 per km, which is really amazing   Indian Prime Minister Narendra Modi Sunday used the metaphor of cost of travel by auto in Ahmedabad to the expenditure incurred in the landmark Mars Orbiter...

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QE has not necessarily shown major benefits other than inflating stock markets. Injecting more money into economies that certainly do not need it is easy, but eventually those economies, like other addicts, will collapse as well   The word stimulus is magic for markets. Just the word...

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In order to attract Foreign Direct Investments (FDI), it is essential and imperative that we devote the time to First Develop India and to do so effectively, we need to First Discover India, in what it can offer!   Prime Minister Narendra Modi launched his "Make in India" campaign in...

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While the PM has announced ‘Make in India’ with great fanfare, innovative companies like Uber and Amazon are getting a taste of laws made in India   This is not what prime minister (PM) Narendra Modi had in mind when he launched his high-profile ‘Make in India’ programme on 25th...

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Moneylife Digital Team 27 September 2014
Jayalalithaa, the AIADMK supremo now stands disqualified immediately from the Assembly and will have to step down as chief minister    Tamil Nadu Chief Minister J Jayalalithaa on Saturday was sentenced to four year imprisonment and fined Rs100 crore in the 18-year-old...

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Moneylife Digital Team 26 September 2014
BJP has demanded President's Rule in the state that is all set to elect its new government next month   Maharashtra chief minister Prithviraj Chavan has resigned from his post. On Thursday, Nationalist Congress Party had withdrawn its support from the Congress-led government. The...

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Moneylife Digital Team 26 September 2014
India's improved political setting offers a conducive environment for reforms, which could boost growth prospects and improve fiscal management, the ratings agency while revising upwards the country's outlook   Ratings agency Standard & Poor's (S&P) on Friday raised its outlook on...

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Moneylife Digital Team 26 September 2014
While the 'Make in India' campaign is a step in the right direction, it will have to be followed up by more tangible measures such as building ports, highways and increasing power generation says Nomura   Prime Minister Narendra Modi Thursday unveiled the 'Make in India' campaign....

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With major parties like Congress, NCP, Shiv Sena and BJP deciding to contest on their own, none is likely to get more than 100 seats. This could prove to be a bonanza for smaller parties and independents   The Assembly elections scenario in Maharashtra has spiced up after Thursday's...

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The new unit cost per tonne of mined coal is going to be higher than the previous method, but would still be a lot cheaper than imported coal or obtaining supplies from Coal India. Also in the e-auction, govt need to consider giving a right of first refusal to present block owners  

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Naveena Sadasivam (ProPublica) 26 September 2014
US Department of Labor investigations have uncovered hundreds of cases in which oil and gas workers, many involved in dangerous jobs, are being cheated of earnings   A ProPublica review of U.S. Department of Labor investigations shows that oil and gas workers – men and women often...

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Moneylife Digital Team 25 September 2014
While parting ways, the BJP has blamed Shiv Sena for the breakup. Now all eyes are on Congress and NCP alliance   The Bharatiya Janata Party (BJP) and its oldest ally Shiv Sena have finally decided to part ways ahead of the Maharashtra Assembly elections. This would make the elections...

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Moneylife Digital Team 25 September 2014
Smaller power and steel companies, whose profitability was largely driven by the now cancelled coal blocks, have debt of around $10 billion and would face bigger challenges, while servicing these debts, says Nomura   The Supreme Court on Wednesday cancelled all but four coal block...

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Moneylife Digital Team 25 September 2014
The union government is preparing a roadmap for identifying PSUs not capable of revival and for closing them down after giving benefit of VRS to its employees   The Indian government has started the process to revive five out of 11 sick public sector units (PSUs) and would form a...

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