ECONOMY & NATION


Free money from the US Fed allowed Turkey, South Africa, India, Brazil, and Indonesia and others to run deficits as their higher interest rates created a demand for their bonds and currencies. Now that has reversed So far the markets seem to have taken the US Federal Reserve’s (Fed)...

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Free money from the US Fed allowed Turkey, South Africa, India, Brazil, and Indonesia and others to run deficits as their higher interest rates created a demand for their bonds and currencies. Now that has reversed So far the markets seem to have taken the US Federal Reserve’s (Fed)...

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The government has finalised arrangements with some 23 countries with whom Indian importers and exporters can trade in local currencies, thus eliminating dependence upon third party currency like the US dollar   What is this Currency Swap Arrangement (CSA)? This arrangement, between two...

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Moneylife Digital Team 27 December 2013
According to Cebr WELT report demographics and economic growth will eventually drive the Indian economy up and the forecast for 2028 has India overtaking Japan to become the world’s third largest economy  London-based economic consultancy Cebr has said India is likely to overtake Japan...

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Hope Veerappa Moily is able to clear all the pending environmental issues that Jayanti Natarajan has left as her legacy Petroleum minister Veerappa Moily has taken over the additional responsibility of being the Minister of Environment & Forests (MoEF), a job from which Jayanti Natarajan...

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Hope Veerappa Moily is able to clear all the pending environmental issues that Jayanti Natarajan has left as her legacy Petroleum minister Veerappa Moily has taken over the additional responsibility of being the Minister of Environment & Forests (MoEF), a job from which Jayanti Natarajan...

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Moneylife Digital Team 26 December 2013
Narendra Modi got a reprieve in 2002 Gulbarg society case as the metropolitan magistrate rejected Zakia Jafri's plea against clean chit to the Gujarat CM in SIT's closure report A magistrate court in Ahmedabad on Thursday while giving clean chit to Gujarat chief minister Narendra Modi...

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RBI launched inflation indexed bonds will be available till 31st December. The good news is that the rate will be linked to CPI instead of WPI - the less accurate gauge of inflation. The bad news is that early redemption, even after the lock-in period is over, will entail hefty penalty....

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Moneylife Digital Team 26 December 2013
Kejriwal said he would personally invite Anna Hazare, his guru, but the Gandhian said he may not attend swearing-in ceremony due to his ill-health Arvind Kejriwal, the founder of Aam Aadmi Party and Delhi's Chief Minister designate on Thursday said he would personally invite his 'guru'...

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Moneylife Digital Team 26 December 2013
Post the sale, Morgan Stanley holds just over 1,000 shares in Jindal Saw Financial services company Morgan Stanley has sold its almost entire stake in Jindal Saw Ltd through open market operations. No financial details were provided.   Following the sale, Morgan Stanley now holds...

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Moneylife Digital Team 26 December 2013
In an attractive presentation to a packed audience at a Moneylife Foundation seminar, tax expert Ameet Patel explained the three keys for safe tax-filing—documentation, e-filing and form 26AS Moneylife Foundation held its 191st event “Pitfalls and Precautions for Filing Income Tax...

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The UCO Bank account is bulging with excess funds to the extent of Rs50,000 crore. It is an opportune time to take advantage of the relaxed situation and meet Iranian needs as far as possible The Iranian nuclear deal with six European powers, including participation by the US, has...

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Western pharmaceutical companies are out to make as much money as they can, not bothering about human welfare. Indian pharmaceuticals mostly have the ‘me-too’ mentality and do only copycat research It was Oliver Wendell Holmes who wrote: “I firmly believe that if the whole materia...

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HDFC Mutual Fund is one of the top asset managers in the mutual fund industry and yet, surprisingly, spent nearly 4%-5% of the total assets of Morgan Stanley to increase its own asset base by a meagre 3%   Morgan Stanley Mutual Fund is selling around Rs3,300 crore of assets to HDFC...

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How long will banks get away with funnelling public money into hands of dubious industrialists through CDRs? An Rs8,000-crore CDR package to a politically powerful industrialist on the eve of general elections calls into question RBI’s exhortations to banks to stop ever-greening of bad...

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RBI introduced polymer notes of Rs10 denomination in select cities in India. But most of the counterfeit currency notes in circulation are in higher denominations of Rs500 and Rs1,000 More than 25 countries in the world have successfully introduced polymer currency notes which are at...

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Chandragupta Acharya 24 December 2013
Simplifying legal and procedural hurdles in completing a housing project and eliminating corruption will do far more to address housing shortage in the city than redeveloping clusters The Maharashtra government has ‘in principle’ accepted the revised recommendations of a study group on...

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Moneylife Digital Team 24 December 2013
NSEL received Rs11 crore as part of their settlement agreement under which Mohan India had agreed to pay dues of Rs771 crore over 12 months National Spot Exchange Ltd (NSEL) said it has advised banks to disburse Rs11 crore to investors that was lying in its escrow account. NSEL said it...

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Moneylife Digital Team 23 December 2013
HDFC Mutual Fund recently announced the acquisition of the schemes of Morgan Stanley Mutual Fund   HDFC Mutual Fund today announced the signing of a definitive agreement for it to acquire all the eight schemes of Morgan Stanley Mutual Fund in India. Morgan Stanley has been into the...

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Moneylife Digital Team 23 December 2013
According to CRISIL, top 20 PSUs with a pre-dividend corpus of Rs1.6 lakh crore, can comfortably pay special dividends of Rs27,000 crore and above to heldp reduce fiscal deficit by 20 basis points CRISIL Research, has estimated that the Indian government can reduce its fiscal deficit by...

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