ECONOMY & NATION


Moneylife Digital Team 31 August 2013
Petrol price hiked by Rs2.35 per litre and diesel by 50 paisa, excluding state levies, effective midnight today   The government on Saturday raised the price of petrol by Rs2.35 per litre and diesel by 50 paisa a litre, excluding state levies.   The increase in rates, which...

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Moneylife Digital Team 30 August 2013
Food Security Bill and Land Acquisition Bill are the two main election planks for the UPA government. However, if companies defer their capex plans due to the steep rise in land costs, then transactions may fall and the supposed gains to farmers may be minimal, Nomura says The Lok Sabha...

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QNet India’s CEO Suresh Thimiri, in his anticipatory bail application has denied any relations with the MLM company and its representatives! The case of QNet, the Hong Kong-based controversial multi-level marketing (MLM) operator is taking various twists every day; but this one will...

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Girish Borkar 30 August 2013
From June 2013, purchaser of property with value of Rs50 lakh and above should deduct 1% TDS at the time of making payment. Here is the guide about making payments of TDS and obtaining form 16B for the buyer and form 26QB for the seller I would like to run the readers through the TDS...

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Moneylife Digital Team 29 August 2013
Jodhpur police said they will wait until 30th August and if the self-styled godman fails to appear before them for questioning, then would take further action Controversial self-styled godman Asaram Bapu, who is accused of sexually assaulting a minor, will face arrest if he fails to...

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Moneylife Digital Team 29 August 2013
According to an additional commissioner of police, the EOW has frozen six bank accounts of QNet that have Rs46 crore as balance, and their teams would soon visit Bengaluru and Chennai to arrest some suspects Economic offences wing (EOW) of Mumbai police, which is probing Hong Kong-based...

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Moneylife Digital Team 29 August 2013
It is unlikely that the entire benefit from rupee depreciation will flow to margins in the IT services industry, since market share shifts remain the big growth driver says Nomura HCL Technologies and Tech Mahindra have until now shown rupee depreciation benefits in margins. Since they...

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Moneylife Digital Team 29 August 2013
Given the benefits of a weaker rupee and robust US pipeline, Lupin will not see any adverse effect on its earnings during FY14, says Nomura Slowdown in India during the FY14F, is unlikely to have a material impact on earnings of Lupin given the benefits of the weaker rupee and robust US...

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Moneylife Digital Team 29 August 2013
According to Nomura, TCS expects the bulk of rupee depreciation benefits to flow through to margins in second quarter of FY14F, given that depreciation has been too sharp too soon Tata Consultancy Services (TCS), India’s largest software company sees revenue growth during FY14 on better...

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A little investigation reveals that a lot more actually needs to be done for UMPPs, mainly about clearances from the environment ministry that are pending since ages. Why can't the MoEF come out with a list of pending cases, and explain? The cabinet committee on investments (CCI) has...

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Moneylife Digital Team 28 August 2013
While regulators, investigation agencies are apparently working hard at tracking Rs5,600 crore that seems to have vanished from NSEL without a trace, the 'investors' who are fighting for their funds held a unique protest outside the exchange plaza -- almost every one of these protestors are...

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Moneylife Digital Team 28 August 2013
When markets become risk averse, economies with high current account deficits-CAD often find themselves facing external financing pressure, the ratings agency said Rating agency Standard and Poor’s (S&P) has cautioned that large deficit economies, including India and Indonesia could face...

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Moneylife Digital Team 28 August 2013
At least eight foreign currencies, including Isle of Man pound, Gibraltar pound and Jersey pound currently trade over the 100 mark against the Indian currency. While euro and Jordanian dinar are in 90s, there are about 50 foreign currencies trading at over 50 level against the rupee Even...

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Moneylife Digital Team 28 August 2013
At least eight foreign currencies, including Isle of Man pound, Gibraltar pound and Jersey pound currently trade over the 100 mark against the Indian currency. While euro and Jordanian dinar are in 90s, there are about 50 foreign currencies trading at over 50 level against the rupee Even...

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Moneylife Digital Team 28 August 2013
REC’s public issue of Secured Redeemable Tax-Free Bonds closes 23rd September, but the opportunity may be over soon in case the company gets necessary funds State-run Rural Electrification Corp (REC) public issue of Secured Redeemable Tax-Free bonds will open for subscription on 30th...

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RBI must lay out exhaustive directions mandating detailed procedures and the process of the conduct and content stock audit of borrowers preferably with a detailed checklist to ensure no step is overlooked. This only would help reduce the bad loans of NPAs Ranjit Singh, the chief of...

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While the rupee is touching new bottoms every day against the US dollar, the number of fake currency notes in India is increasing. Even the Security Press is printing blank notes. Can the new governor of RBI look at polymer currency notes? Dr Raghuram G Rajan, Officer on Special Duty...

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While the rupee is touching new bottoms every day against the US dollar, the number of fake currency notes in India is increasing. Even the Security Press is printing blank notes. Can the new governor of RBI look at polymer currency notes? Dr Raghuram G Rajan, Officer on Special Duty...

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Moneylife Digital Team 27 August 2013
The Food Security Bill or FSB requires 62 million tonnes of foodgrains every year and will cost the exchequer Rs1.3 lakh crore per annum The Lok Sabha on Monday cleared the United Progressive Alliance (UPA) government’s ambitious Food Security Bill (FSB). The bill will now be considered...

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Moneylife Digital Team 27 August 2013
The ratings agency would sell its 49% stake in its joint venture with NSE to an unit of the Exchange for Rs100 crore Ratings agency, CRISIL Ltd on Tuesday said that it will sell 49% of its stake in India Index Services & Products Ltd (IISL) to NSE Strategic Investment Corp for Rs100...

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