ECONOMY & NATION


Moneylife Digital Team 27 January 2015
Credit metrics of real estate companies would continue to deteriorate next fiscal year, as demand would remain subdued amid high property prices even as inventory was being built-up using bank funding, the ratings agency says   Housing sales are unlikely to recover in the next fiscal...

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It is hoped that in the ensuing budget, some encouraging provisions would be made to increase production of solar power to support domestic manufacturers   The Ministry of New and Renewable Energy (MNRN) has put out a draft guideline for setting up 3,000 MW grid connected Solar...

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'Promoter funding', has contributed to the growth of NBFCs but there is no substantial productive asset behind such funding. Will the RBI act?   As children, it was a great fun to build castles with wet sand. The castle will stand fine and firm till it was small. But then there was...

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The state government has sought interest free loans, restructuring of financing for sugar mills and providing interest-free bridge loans from the sugar development fund   The Cabinet Committee on Economic Affairs (CCEA) has announced the FRP (fair remunerative price) of sugar at Rs230...

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A plethora of products can help you save tax. But you need just three, if you are focused on long-term investing    It is that time of the year when taxpayers rush to find the best possible ways to invest and save money from the taxman. As you know, under various Sections of the...

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Moneylife Digital Team 22 January 2015
Nomura says surprisingly oil rather than food prices have a greater effect on inflation expectations   After remaining in double-digits for over 20 quarters, the inflation expectations survey of households suddenly tumbled to 9% y-o-y (year-on-year) in Q4 2014 from 12.7% in Q3. This...

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Moneylife Digital Team 22 January 2015
According to Morgan Stanley estimates, India’s current account will swing into a minor surplus of 0.3% of GDP in 2015 on improving terms of trade and decline in gold imports   India’s current account has been consistently in deficit over the last 10 years. Indeed, in 2012 it reached a...

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Rail links are needed to evacuate coal from mines and hence the combined efforts of the Railway Ministry and Coal Ministry would be useful to the country   While addressing a large gathering of business leaders, attending the Airtel-The Economic Times Business Summit recently, the...

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Moneylife Digital Team 20 January 2015
What are the economic ideas of Arvind Panagariya, the vice chairman of NITI Aayog? In a speech in February last year he had expressed rather radical ideas of reform on social spending. Will they be too hot for the PM? This is fourth part of a multi-part series    Prime Minister...

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Moneylife Digital Team 19 January 2015
In a speech in February last year Arvind Panagariya, the vice chairman of NITI Aayog had expressed rather radical ideas of reform for infrastructure sector and urban development. Will they be too hot for the PM? This is the third part of a multi-part series    Prime Minister Narendra...

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Moneylife Digital Team 19 January 2015
Krishna Tirath is the third high profile woman to have joined the BJP ahead of 7th February Delhi assembly elections after former IPS officer Kiran Bedi and ex-AAP leader Shazia Ilmi   Former union minister and Congress leader from Delhi Krishna Tirath on Monday joined the Bharatiya...

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What the new government says about PSBs is old hat. We need some action on the ground   Was the issue of merging public sector banks (PSB) resurrected or buried at the prime minister’s (PM’s) Gyan Sangam with bankers in Pune this January? It is hard to say, because media reports and...

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Moneylife Digital Team 16 January 2015
The FRP of sugarcane payable to farmers by sugar mills is increased by Rs10 to Rs230 per quintal for the 2015-16 sugar season. The FRP will be linked to a basic recovery rate of 9.5%, subject to a premium of Rs2.42 per quintal for every 0.1 percentage point increase in recovery above that...

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Moneylife Digital Team 16 January 2015
In a speech in February last year Arvind Panagariya, the vice chairman of NITI Aayog had expressed rather radical ideas of reform for agriculture sector.  Will they be too hot for the PM? This is second part of a multi-part series    Prime Minister Narendra Modi appointed his...

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Moneylife Digital Team 16 January 2015
Increase in automotive sales, and benign inflation are the positive factors, but, sluggish credit growth to major sectors and elevated interest rate has dragged the index downwards, SBI said   The SBI Composite Index, an indicator for tracking India’s manufacturing activity,...

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The new draft rules for civil aviation that are expected to replace the irksome 5/20 rule may be cleared soon, despite strong opposition from existing domestic carriers. A court battle may ensue    Practically, from the time he took over as the Union Minister for Civil Aviation, Ashok...

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Moneylife Digital Team 15 January 2015
SpiceJet co-founder Ajay Singh, who holds 4.5% stake has been given control of the ailing carrier by promoters Maran and Kal Airways   Beleaguered budget carrier SpiceJet on Thursday said that it decided to transfer ownership, management and control of the company back to its...

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Moneylife Digital Team 15 January 2015
Over $98 billion was wiped off the value of Swiss stocks, their biggest daily fall in 26 years, while the pan-European FTSEurofirst 300 slumped 2% and Wall Street futures turned negative after the SNB scrapped its three-year old peg of 1.20 Swiss francs per euro   Global markets were...

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Moneylife Digital Team 15 January 2015
What are the economic ideas of Arvind Panagariya, the vice chairman of NITI Aayog? In a speech in February last year he had expressed rather radical ideas of reform. Will they be too hot for the PM? This is first part of a multi-part series    Prime Minister Narendra Modi dismissed...

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Moneylife Digital Team 15 January 2015
Former supercop Kiran Bedi, who last year declared support for Narendra Modi as the prime ministerial candidate, would contest Delhi Assembly polls from BJP   Kiran Bedi, former officer from the Indian Police Service (IPS) on Thursday joined Bharatiya Janata Party (BJP). Welcoming her...

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