PUBLIC INTEREST


Vinod Kothari  and   Soma Bagaria 17 March 2012
The ease with which the ruling of the Supreme Court has been upturned, and the fact that the DTAAs are to give way to the long arms of the I-T Act stretching back to 16 years, would make any foreign investor think thrice before investing in India Taxes are said to be the price we pay for...

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Moneylife Digital Team 15 March 2012
Consumer forums, which are the first step of grievance redressal, are under tremendous pressure. On one side they have lot of cases to deal, while on the other hand there inadequate resources. State governments should address these issues immediately Inflated electricity bills, difficulty in...

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Moneylife Digital Team 15 March 2012
Now officially, Mumbai’s taxis have outgrown their “sweet sixteen” ways. And it is raising the hackles of commuters Jokes apart, ‘officially’, cab fares in Mumbai have been hiked by Re1 for the minimum 1.6 km distance; and 50p for each km thereafter. Taxi drivers are happy, though they would have...

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Moneylife Digital Team 15 March 2012
State Bank of India (SBI) has taken a decision to slash interest on education loans by up to one percentage point. Without giving details, SBI said that it may be up to 100 basis points. Interest rates on education loans range from 12.25% to 14.50%, depending on their quantum and the duration....

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Moneylife Digital Team 15 March 2012
Sumaira Abdulali, convenor of MITRA, a civil society organization, has urged the home minister to root out the mining mafia through a uniform centralized mechanism across all states Movement against Intimidation, Threat and Revenge against Activists (MITRA), a civil society organization, has...

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Mathew Thomas 15 March 2012
How can any office of the government pay taxpayers’ money to private companies and not disclose the contracts to taxpayers? In response to a RTI (Right to Information) query seeking copies of the Unique Identification Authority of India’s (UIDAI) contracts with four private companies—two...

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Moneylife Digital Team 14 March 2012
Kingfisher is curtailing its operations to stop huge losses and also putting up a brave face through press release on its website Times are certainly bad for the King of Good Times aka Dr Vijay Mallya and his Kingfisher Airlines (KFL). Its flights are getting cancelled, accounts getting...

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Moneylife Digital Team 14 March 2012
New announcements every year is what rail passengers from Mumbai feels on the Rail Budget. However, they keep wondering about what happened to last year’s announcements Railway minister Dinesh Trivedi, announcing his maiden railway budget, made a host of promises for Mumbai. Additional 75...

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Moneylife Digital Team 14 March 2012
Liases Foras’ December quarter figures show at the current rate of sales, Mumbai builders will need 44 months to clear their inventories While other cities are seeing increased sales of residential units, buyers in Mumbai are scarce. The latest data released by Liases Foras on the December...

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Often, municipal corporations carry out flawed projects which go against public interest and only suit vested interests. Use of RTI can help unearth such irregularities. Here’s a startling example... The Mula-Mutha rivers in Pune resemble stinking nallahs, yet the Pune Municipal Corporation...

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Moneylife Digital Team 14 March 2012
Coming down heavily on the RBI, the central information commissioner under the RTI Act, said the idea put forward by the central bank that citizens are not mature enough to understand and will panic and harm their own interests, is repugnant to democracy In what could possibly be a path...

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Moneylife Digital Team 13 March 2012
The Indian High Commissioner had claimed that the high commission simply provided a literal translation in English of two short artworks in Hindi. However, Cricket Australia faced a fine for violating the anti-tobacco ban India put up a more embarrassing show on field in the recently...

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Following a Moneylife article published on the Mumbai Metro project, and its wide distribution among all stakeholders, the Centre has sought modifications  “Mumbai Metro Line 3 – Some Questions need to be asked” published about a fortnight back in these columns seems to have had its effect....

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Yogesh Sapkale  and   Alekh Angre 13 March 2012
Over 40% of the country's total railway passengers are from Mumbai and yet they get a 'damn' in every railway budget. As usual there is a demand for increasing frequencies of local trains, more coaches, hygienic conditions across stations and safe travel With increasing number of people...

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A time has come to demand that the auditor function and perform by being more of a bloodhound sniffing out frauds and misfeasance and cease to be a mere toothless watchdog that neither growls nor bites On 1 March 2012, Veritas Investment Research, an international agency, in a report on DLF,...

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Kingfisher Airlines is facing troubled times. If you are booked to fly on of the Kingfisher flights, here is how you can avoid the agony at the airport I’ve started from a clean slate three times over to write this piece and all because of the same reason, a new development with respect to the...

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 What is happening on the west coast of India lately with the MV Enrica Lexie, in and around Kerala, defies all logical explanation. Except one big one—the crew in this case happens to be European, not third world At a modest estimate, there will be over 120 ships of all sizes, shapes and flags...

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Moneylife Digital Team 09 March 2012
While 'Team Anna' member, Prashant Bhushan has launched a scathing criticism of the Vodafone verdict saying that India will be seen as a ‘banana republic’ where foreign companies can loot our resources, senior advocate Arvind Datar says in this case the demand was for capital gains tax which...

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Moneylife Digital Team 09 March 2012
With instances of recovery agents harassing bank customers continuing unabated, banks need to take care in choosing and recruiting recovery agents A recent report published by the Reserve Bank of India (RBI) on Banking Ombudsman (BO) reveals that out of 71,124 complaints it received during...

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Moneylife Digital Team 09 March 2012
In a letter to top AP administrators, he said the move is essential to stop land scams from happening Former Union finance and power secretary, EAS Sarma, has written to top Andhra Pradesh administrators, asking for implementation of Section IV of the Right to Information Act, which talks of...

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