ECONOMY & NATION


Moneylife Digital Team 28 January 2014
RBI has hiked repo rate by 0.25% to 8%, while keeping the cash reserve ratio unchanged at 4%   The Reserve Bank of India (RBI), in its third quarter monetary policy review has hiked repo rate by 25 basis points (bps) to 8% and marginal standing facility (MSF) rate by 0.25% to 9% while...

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Moneylife Digital Team 27 January 2014
On behalf of its 28,000 members and bank customers, Moneylife Foundation has sent a letter to the RBI governor seeking more clarification for exchanging old or pre-2005 rupee notes In order to get more clarity on the currency notes withdrawal and exchange process, Moneylife Foundation,...

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Moneylife Digital Team 27 January 2014
For weeks, Ferreira had avoided appearing before Mumbai police in the Rs425 crore QNet scam, until the Session Court asked him to present himself before the EOW. Ferreira is also booked by Mumbai police for allegedly forging documents to sell a plot of land at Gorai in Malad Former world...

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Moneylife Digital Team 27 January 2014
According to a Thomson Reuters survey on constituents of conduct risk, culture came out on top (76%), closely followed by corporate governance (74%), then conflicts of interest and reputation (both at 68%) The findings of a new survey has shown that although conduct risk has become one...

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Throwing good money after bad is never a good idea, but if you put too much stress on an overleveraged system, you risk a systematic impact. Either way, the Chinese government, like other governments, will reap what they have sown. The only question is when? Default. It is an ugly word....

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Both know your customer and anti-money laundering processes, which are meant to reduce risks in the Indian banking sector, are themselves fraught with the danger of being caught in the web of operational risks The Basel guidelines (a set of banking regulations put forth by the Basel...

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A non-approved pipeline laid by Gujarat Gas Petroleum threatens to sideline gas supply. Is Gujarat Gas another victim of MoEF vague rules? It is sad to note that the Gujarat State Petroleum Corporation's $1.8 billion project, which has the potential to produce an estimated 5.7 million...

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Moneylife Digital Team 24 January 2014
Ranbaxy Laboratories shares plunged nearly 20% on Friday after US FDA banned drug imports from its Toansa plant in Punjab Ranbaxy Laboratories (Ranbaxy) shares prices plunged 20% on Friday and hit an intra-day low of Rs334, after confirmation the US Food and Drug Administration (USFDA)...

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Moneylife Digital Team 24 January 2014
Morgan Stanley isn’t exactly bullish on the Indian macro economic outlook due to stagflation and has drawn up three distinctive scenarios, none of which are too optimistic In their new report titled ‘Where Are We in the Boom-Bust-Adjustment (BBA) Cycle?’, Morgan Stanley Asia/Pacific...

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Did regulatory red tape choke KG-D6 output? DGH being itself the party challenging the claim made by Reliance cannot be the mediator to resolve the dispute! In 2010 the output of KG-D6 and MA fields of Reliance was around 61 mmscmd, which began to fall, instead of reaching the original...

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Vikram Malik (name changed) is a safe investor who made investment in tax-free bonds last fiscal. He has included his father as the second account-holder in the demat account. He put Rs5 lakh in REC tax-free bonds in December 2012. Mr Malik regularly files income-tax (I-T) returns, giving all...

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Moneylife Digital Team 23 January 2014
The UPA chairperson has reportedly sent a letter to the government for reducing import duty on gold and relaxing the 80:20 import-export rule As India tries to get out of an economic mess, more and more people are dispensing expert economic advice. After Baba Ramdev peddled the muddled...

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Considering the high fare structure applicable today among airlines in India, even this short period given for slashed and discounted rates would bring some relief for many passengers In a startling move, SpiceJet fired the first salvo in the aviation price war, by reducing its rates by...

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Moneylife Digital Team 23 January 2014
Anyone can easily distinguish rupee notes issued before 2005 as they do not have the year of printing on reverse side, which is visible for notes printed after 2005 in a small font at the middle of the bottom row in notes The Reserve Bank of India (RBI) has decided to withdraw all...

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Moneylife Digital Team 22 January 2014
The key implication of this new CPI-based inflation targeting framework is that interest rates in India will remain higher for longer, says Nomura The Urjit Patel Committee appointed by the Reserve Bank of India (RBI) has recommended that headline consumer price index (CPI)  inflation...

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RBI needs to widen the scope of the Depositor Education and Awareness Fund Scheme to borrowers as well as they probably need more education than depositors to make banking systems stronger The Reserve Bank of India (RBI) is planning to mobilise funding under its ‘Depositor Education and...

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Even the so-called middle-class regularly depends upon street corner kirana shops, as much as they trust and buy from push-cart vendors who make door-to-door sales According to the recent government estimates, blocking of retail foreign direct investment (FDI) in India will actually rob...

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Moneylife Digital Team 22 January 2014
The Court in Mumbai asked former world Billiards champion Michael Ferreira to return to India, surrender his passport and appear before the EOW, which is probing the Rs425 crore QNet scam A Session Court in Mumbai on Wednesday has directed former world Billiards champion Michael Ferreira...

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Nidhi Bothra  and   Shambo Dey 21 January 2014
Benefits that SEBI and RBI tried to offer to small and medium sized private companies are largely offset by the countermeasures of Companies Act, 2013 From the recommendations of the RH Patil Committee, emphasising on the importance of the deep and liquid corporate bond market to the...

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Moneylife Digital Team 21 January 2014
In less than one month, in January, foreign institutional investors have invested heavily in Indian debt on the back of a stable currency and that policy rates will be left unchanged Foreign investments have once again started to flow in to Indian debt investments. After six consecutive...

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