ECONOMY & NATION


Moneylife Digital Team 15 November 2013
The tacit agenda of the Rajan-led RBI remains to normalise real deposit rates and boost financial saving, says BNP Paribas Like its CPI (consumer price index) cousin, the WPI (wholesale price index) data chalked up an awful reading, with factory gate inflation accelerating to an 8-month...

Read More



Banks in India offer similar products and services to customers and I would regret if new banking licences are given to similar cloned entities, the finance minister said Finance minister P Chidambaram has called banks in the country as 'clone' of each other that offers similar products...

Read More



The disappointing results of CIL show that it needs a new framework from planning commission to operate with mines developers and operators (MDOs) to harness synergy Coal India (CIL) is beset with a lot of problems. The second quarter profit at Rs3,052.35 crore is marginally lower than...

Read More



Moneylife Digital Team 14 November 2013
Inflation trajectory will head southwards from January 2014 onwards on the back of better harvest and approaching electoral cycle, forecasts a SBI research note WPI (wholesale price index) inflation touched 7% in Oct’13 (SBI projection at 6.98%). Though the increase in inflation was on...

Read More



Moneylife Digital Team 14 November 2013
Inflation measures on the WPI hit its eight month's high in October at 7%. Just five months ago, it was 4.6% in May Costlier food items, including vegetables, especially onions, pushed the wholesale price index (WPI) inflation to 7% in October, the highest in current financial year. It...

Read More



While we should welcome the move made by the RBI to combat the fake currency racket, we must debate their methodology adopted in test marketing of polymer rupee currency notes In the past few months, Moneylife has carried reports on the urgent need to implement policies relating to...

Read More



Moneylife Digital Team 12 November 2013
Edelweiss Broking is offering gift vouchers to invest in ELSS. This amounts to offering passbacks, a practice barred by SEBI. Edelweiss Broking Ltd is offering its clients a waiver of transaction charges for investing in equity linked savings schemes (ELSSs) through its online platform...

Read More



An export target of 3-4 million tonnes of sugar is projected this year in order to stabilise sugar prices in the domestic market. For this to happen, subsidy is urgent Moneylife recently covered the sugar industry, where it was pointed out that with the enormous and surplus stock of over...

Read More



An export target of 3-4 million tonnes of sugar is projected this year in order to stabilise sugar prices in the domestic market. For this to happen, subsidy is urgent Moneylife recently covered the sugar industry, where it was pointed out that with the enormous and surplus stock of over...

Read More



Questions of autonomy apart, time is not yet opportune to experiment with new institutions for debt management when there is no dispute over the expertise developed by the RBI. When efforts are on to ensure financial stability, let us not destabilise existing institutional framework merely in...

Read More



Moneylife Digital Team 11 November 2013
The rise in India’s imports is due to seasonality, as imports tend to rise ahead of the festival season, says Nomura India's trade deficit widened to $10.6 billion in October from $6.8 billion in September. Overall global demand is improving, but higher imports (of oil, gold and others)...

Read More



Moneylife Digital Team 11 November 2013
Home Minister Shinde said such a probe takes time and indicated that the outcome of the investigation may not come before the Delhi Assembly polls scheduled for 4th December The Indian government on Monday said that it has ordered a probe into alleged foreign funding of Aam Admi Party...

Read More



According to Sesa Sterlite, it has lost Rs100 crore in revenues due to delay in commencing its mining operation, and the forest department should be held responsible for this lapse Recently, on 1st November, more than 5,000 strong mining engineers met at the National Mining Day...

Read More



Moneylife Digital Team 08 November 2013
Dewan Housing Finance received a loan of $85 million from the member of World Bank to offer housing finance to low and middle income customers Dewan Housing Finance Corp Ltd (DHFL) said it received a loan of $85 million loan from IFC, a member of the World Bank Group to expand the...

Read More



Due to tightening of the foreign exchange situation in India, Iran decided not to accept more than 45% of the money in Indian rupees. The shipment has come down to 194,000 barrels per day of Iranian crude oil as against 324,000 barrels per day last year Imports of Iranian crude, during...

Read More



Moneylife Digital Team 07 November 2013
S&P's negative outlook for India indicates that it may lower the rating to speculative grade next year if the government that takes office after the general election does not appear capable of reversing the country's low economic growth Ratings agency Standard & Poor's (S&P) affirmed the...

Read More



Moneylife Digital Team 07 November 2013
Baja Electricals share soars 5% up at Rs183.10 in early trade Thursday as the company said it won three power distribution projects in Bihar worth Rs757 crore Bajaj Electricals Ltd has said its engineering and project business unit had won power distribution projects worth Rs757 crore in...

Read More



While a few last minute approvals and clearances are expected shortly, NTPC is now set to get coal from its own captive mines at Pakri Barwadih coal block in Jharkhand, a major step in the right direction NTPC is India's largest power generator whose coal requirement for 2013-14 is...

Read More



KK Sharma 07 November 2013
Nothing is known as to what either happened or is happening inside the regulatory bodies responsible for clearing the Jet-Etihad deal. What is clearly known is that it is pending before the Competition Commission for quite some time now. It may not be a big surprise if the 210 days time limit...

Read More



What is of greater significance is the slipshod way the onion trade is left in an uncontrolled fashion by the government! The party that can assure and deliver the supply of commodities at fair prices will succeed in the ensuing election Assembly elections are due in five states,...

Read More

Free Helpline
Legal Credit
Feedback