ECONOMY & NATION


Moneylife Digital Team 25 November 2013
The bargaining power of Indian IT companies with respect to entry-level employees is at its peak with real wages at their lowest in more than 15 years Indian information technology (IT) companies are witnessing improved demand without much pressure on wages due to significantly better...

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Moneylife Digital Team 25 November 2013
GAIL had challenged the Tamil Nadu government notification asking it to stop placing pipelines in agricultural lands and implement the project by laying them along National Highways The Madras High Court on Monday quashed the order issued by Tamil Nadu government restraining...

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While the RBI has liberalised interest rates and given freedom to banks to fix interest rates and the periodicity of payment of interest to depositors, the reality is that banks are not willing to pass on the benefits of liberalization to the public unless they are forced to do so During...

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The new reforms announced over the summer and at the conclusion of the Third Plenum of the 18th Party Congress are supposed to change all this. But they have a long way to go Laws are meant to be obeyed. So when politicians, bureaucrats, and even central bankers have a problem they...

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Moneylife Digital Team 23 November 2013
According to EOW of Mumbai police, these team leaders of QNet received commission ranging from Rs40 lakh to Rs2.5 crore in the binary pyramid scheme which is banned in India QNet, the Hong Kong-based controversial multi-level marketing (MLM) operator that is accused of collecting money...

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Moneylife Digital Team 22 November 2013
In an essay, Anand Mahindra says the world has a stake in India’s success not just because of the need for someone to pick up the slack from a slowing China Anand Mahindra, chairman and managing director of Mahindra and Mahindra (M&M), India’s largest utility vehicle maker, feels that...

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Moneylife Digital Team 22 November 2013
In view of the need to ease the liquidity stress to micro, small and medium enterprises, the RBI decided to provide refinance of Rs5,000 crore to the SIDBI Reserve Bank of India (RBI) said it will provide a refinance of Rs5,000 crore to Small Industries Development Bank of India (SIDBI)...

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Moneylife Digital Team 21 November 2013
COAI, the lobby of GSM operators, has asked the telecom department not to issue exclusive series to Reliance Jio and restrict it to 10 lakh per circle as per the DoT norms for new entrant Cellular Operators Association (COAI)—the lobby of GSM operators—on Thursday has asked the...

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Moneylife Digital Team 21 November 2013
Due to the intense competition, and rising expenses post 3G and MNP, Indian telcos will have to either consolidate or diversify in order to survive, says Fitch Ratings agency Fitch said, the overcapacity in Indian telecom sector would decline over 2014-15 because some of the weaker,...

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Mahila Bank is apparently giving “kitchen loan” as per the initial press reports. Kitchen is the place where most of the women in India spend their maximum time. Surely, we want to break that paradigm, not reinforce it “What's in a name? That which we call a rose by any other name would...

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Our marketing strategy should be revised and aggressive selling be done to ensure that India exports 3 to 4 million tonnes of wheat this fiscal year From a position of weakness and depending upon the assistance of PL-480, India has come a long way in being able to meet its entire...

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Moneylife Digital Team 21 November 2013
With the financial health of the corporate sector showing no signs of improvement and rising leverage at stressed corporates, Credit Suisse said it expects corporate asset quality to weaken further In the recently reported September quarter, bank’s problem asset additions remained...

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Moneylife Digital Team 20 November 2013
MCX has partnered with Dalian Commodity Exchange of China to facilitate potential collaboration in areas such as knowledge sharing, research and price risk management Multi Commodity Exchange of India Ltd (MCX), the country's largest commodity bourse, said it has signed a memorandum of...

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Indian Railways is witnessing delays in rail projects, mostly created by vested interests leading to increase in costs and corrupt practices Indian Railways began their chugging career more than 150 years ago and have become one of the largest railroad networks in the world, with a...

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KK Sharma 20 November 2013
It is not really clear as the role the looming deadline of 210 days, barely 15 days away, had played in the majority decision of CCI clearing the Jet and Etihad deal and how much of it was shaped by the consideration of competitive concerns, or lack thereof On 12 November 2013, the...

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Moneylife Digital Team 20 November 2013
The UPA has bowed down before the WTO and limited the grant of food subsidy to just four years in the Food Security Bill, alleges EAS Sarma, former secretary to the GoI, in a letter to Sonia Gandhi EAS Sarma, former secretary to Government of India (GoI) has alleged Congress-led United...

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Moneylife Digital Team 19 November 2013
All Indian Origin Chemists & Distributors has reported that secondary sales (sales from stockists to retailers) of drugs have come down to -1.7% year-on-year for October after a fall of 1.8% in September 2013. All Indian Origin Chemists & Distributors Limited (AIOCD) has released...

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Moneylife Digital Team 19 November 2013
Jignesh Shah-led Financial Technologies sold Singapore Mercantile Exchange and SMX Clearing Corp to Intercontinental Exchange Group’s unit for $150 million to repay its debts towards ECB and forex loan Jignesh Shah-led Financial Technologies (India) Ltd (FTIL) said its unit has sold its...

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Moneylife Digital Team 19 November 2013
Anna Hazare, in a letter asserted that he had nothing to do with the AAP and said that it was incorrect for Arvind Kejriwal to use his name in the party's campaign in Delhi elections Social activist Anna Hazare has asked his 'once upon a time' staunch follower and Aam Admi Party (AAP)...

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Moneylife Digital Team 18 November 2013
Both the World Gold Council as well as RBI governor, Raghuram Rajan, admitted a spurt in gold smuggling into India, after the government imposed curbs on gold imports. Unlike the 1970s and 1980s, this time, gold is being smuggled through air routes and India's porous borders with Nepal and...

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