ECONOMY & NATION


Moneylife Digital Team 15 September 2014
The EOW had arrested Susan Chatterjee, former daughter-in-law of Michael Ferreira in the Rs425 crore QNet scam. While Ferreira owns 80% stake in QNet's official franchisee in India, his son, wife and close relatives are also reportedly under the scanner   With the arrest of Susan...

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Moneylife Digital Team 15 September 2014
According to Nomura, headline WPI inflation in India would moderate further over the next four months before rising again as favourable base effects wear off   India's inflation based on wholesale price index (WPI) eased in August to a better-than-expected 3.7% from 5.2% in July on...

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Moneylife Digital Team 15 September 2014
The RBI governor said recent scandals underlined the need for better internal evaluation of lending processes and banking must become more engaged and informed   Reserve Bank of India (RBI) governor Dr Raghuram Rajan feels that the banking sector needs to question the categories under...

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What is needed is a pricing policy that should be market-driven. Policy on gas pricing should have to be realistic and practical!   It may be recalled that the gas price saga actually began in January this year. The gazetted new price could not be implemented with effect from 1st...

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It depends on two crucial questions: the effect of tighter monetary policy in the US and whether the Chinese real estate slowdown reverses or accelerates   Since the end of August, the American 10-year treasury yields have risen 11% to 2.60% from 2.33% last Friday. All of this is...

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Moneylife Digital Team 15 September 2014
According to SFIO, the Saradha group companies will face prosecution for violation of several laws   The Serious Fraud Investigation Office (SFIO), which completed its probe into the Saradha ‘chit fund scam’, said that its 14 group companies have been found to be running ‘ponzi...

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Moneylife Digital Team 12 September 2014
Maharashtra and Haryana would go to polls on 15th October in a single phase and election results would be declared on 19th October   Maharashtra and Haryana are set to go to polls on 15th October as per the legislative assembly election schedule announced by the Election Commission....

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Moneylife Digital Team 12 September 2014
With car sales recording a volume growth of 15% and two-wheelers continuing their upward march with 19% higher sales during August, the beginning of this year's festival season has brought cheers to the Indian auto industry   August 2014 proved to be a splendid month for Indian auto...

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Moneylife Digital Team 12 September 2014
The EC had asked Chavan why he should not be disqualified for failing to give his true and correct expenses incurred in 2009 Assembly polls   The Delhi High Court on Friday set aside an order issued by the Election Commission (EC) holding Maharashtra's former chief minister Ashok...

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Iranian government has kept funds worth $4 billion, interest free, in UCO Bank, due to Islamic principles of not taking 'interest'. While respecting this gesture, what we can suggest to them is to spend a billion or two for investing in certain industries in India that would benefit both...

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Moneylife Digital Team 11 September 2014
The Magistrate Court in Muzaffarnagar returned the chargesheet against BJP chief Amit Shah to the police, saying they had not followed rules   In an embarrassment to the UP Police, a court in Muzaffarnagar on Thursday refused to take cognisance of the charge sheet against Bharatiya...

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Moneylife Digital Team 11 September 2014
Besides Dayanidhi and Kalanidhi Maran, the CBI has named Malaysian business tycoon T Ananda Krishnan in the Aircel-Maxis deal case   The Central Bureau of Investigation (CBI) on Thursday told a special court that in 2006 Dayanidhi Maran, the former minister for telecom "pressurised"...

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Moneylife Digital Team 10 September 2014
Amit Shah had landed in a major controversy for allegedly saying that the 2014 Lok Sabha polls were an opportunity to seek revenge for the insult inflicted during the riots in Muzaffarnagar in UP last year   Amit Shah, the president of Bharatiya Janata Party (BJP) on Wednesday was...

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Moneylife Digital Team 10 September 2014
A Consortium of 22 banks led by SBI will soon release Rs650 crore to ABG Shipyard under a Rs10,000 crore CDR deal   ABG Shipyard Ltd, which is under corporate debt restructure (CDR) scheme, will receive Rs650 crore from lenders by this month-end as part of the Rs10,000-crore debt...

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Moneylife Digital Team 10 September 2014
According to SIAM, Indian auto industry on the road to a slow but sure recovery     Domestic passenger car sales grew 15.16% to 1.54 lakh units during August 2014 compared with 1.34 lakh units in the same month of 2013.   According to the data released by the Society of Indian...

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The government has no plans to come to the aid of the overtaxed, loan-burdened, distressed and non-profit making domestic airlines sector   At a press conference, Civil Aviation Minister, Ashok Gajapathi Raju, emphatically stated that the Indian government has no plans to come to the...

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Moneylife Digital Team 09 September 2014
In cases where guarantees furnished by the companies within the group on behalf of the wilfully defaulting units are not honoured then such group companies should also be reckoned as wilful defaulters, says RBI in a clarification   The Reserve Bank of India (RBI) on Tuesday issued...

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Moneylife Digital Team 09 September 2014
After a day-long hearing on the consequences of its earlier decision, the Supreme Court reserved its verdict in the coal block allocation case   The Supreme Court on Tuesday reserved its order in the coal block allocation case. However, it has not announced a date for when it will...

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Moneylife Digital Team 09 September 2014
Development Commissioners have recommended to the Board of Approval (BoA) to cancel these SEZ projects as no work has been done by these companies   The Indian government is likely to cancel the approvals granted to nine companies including Hindalco Industries, Essar and Adani for...

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Moneylife Digital Team 09 September 2014
FTAs during the month of August 2014 were 5.69 lakh as compared to FTAs of 4.86 lakh during the month of August 2013 and 4.46 lakh in August 2012   There has been a growth of 16.9% in FTAs (foreign tourist arrivals) in India in August 2014 over August 2013 as compared to a growth of...

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