CAG questions Axis Bank\'s role in 4G deal Jul 29, 2014 CAG has questioned how Axis Bank gave a guarantee of Rs252.50 crore to Infotel Broadband, which had a net-worth of Rs2.5 crore, without any margin money. Will RBI show some interest now?
LOreal’s true beauty secret Jul 29, 2014 TINA.org has filed an objection to the proposed settlement between the FTC and L’Oréal urging the Commission, among other things, to require the company to pay a monetary penalty for its deceptive advertising campaigns
In Florida, high-cost lender skirts the law Jul 29, 2014 Despite a ban on high-interest car title loans, the nation’s largest title lender has opened 26 Instaloan stores in Florida, offering a refashioned version of the loans that effectively charge the same sky-high rates the law was designed to stop
Germs are not evil! Jul 28, 2014 Health Industry propagates that germs are evil and at odds with humans. We need to be re-educated about microbes
Online Income Tax Filing Need Not be Thorny Jul 25, 2014 Tax filing can be scary. But once you do your numbers systematically, e-filing is not tough. Here is a guide you to make the process of tax filing smooth and keeping tabs on your tax burden to avoid penalties
How Green Is Your Home? Jul 25, 2014 Wind energy, solar panels, rainwater harvesting, water recycling and composting: the Date home in Pune is one of the greenest homes in India today
Prithvi Information Solutions: The mystery of majority stakeholders continues Jul 24, 2014 Hyderabad-based Harshith Enterprises is now the latest and largest stakeholder in Prithvi Information Solutions, according to BSE filings by the company. This company bought the exact number of shares held by Anupama Yellajoshyula in an off market deal. But there is no information about who sold those shares to Harshit, which is also connected to directors of Prithvi
118 signatories endorse statement on SLAPP cases against authors, journalists and publishers Jul 23, 2014 About 118 prominent citizens, activists, and journalists have signed a statement of concern about what they call Strategic Litigation Against Public Persons- SLAPP, to silence authors, journalists and publishers for good. This follows notices served by RIL upon Paranjoy Guha Thakurta, for writing a book called “Gas Wars...” and another notice upon Moneylife for publishing articles based on information available in public domain
Now, govt. staff will have to declare assets annually Jul 23, 2014 Its now mandatory for government servants to declare their assets annually. Section 4 of the RTI Act mandated transparency only in terms of their salary and compensation. Strangely, the new rules have not been pubicised
Can the MCA Fix those Deposit-takers? Jul 23, 2014 Indian companies seem to get away by not paying back public deposits. Will the newly active Ministry of Corporate Affairs under Nirmala Sitharaman start acting in the interests of the depositors?
Consumers getting smoked by e-cigarettes Jul 23, 2014 Consumers of e-cigarette said they signed up for a free product or a supply at a reduced price but then the company repeatedly charged their credit and debit cards, sometimes wiping out their accounts
The Mess in Commexes Jul 23, 2014 Indian Commodity markets are among the worst-regulated. Will the finance minster ask some questions?
Can Railways raise platform levels in Mumbai by 31st March? -Part I Jul 23, 2014 The Bombay High Court, while rejecting the action plan for raising of suburban railway station platforms as submitted by Central as well as Western Railway, has set a deadline of 31 March 2015. The Railways do not seem to be making enough efforts to devise ways to meet the challenge. This two part article suggests how it can be done
Illegality in MLMs and recommendations for law enforcement Jul 22, 2014 An open letter from MLM expert Robert L FitzPatrick of Pyramid Scheme Alert to the US FTC exposes illegality of multi-level marketing (MLM) schemes and how law enforcement agencies can curb it. The same applies for India where thousands of pyramid or network marketing schemes are duping gullible savers everyday and also lobbying for legitimacy
Six more airlines to take the sky! Jul 22, 2014 The domestic airline industry in India is operating at a loss and their combined loss is estimated to be at $1.7 billion in 2014. This may increase further if the price war continues and expenses are not reduced
Ethanol blending made mandatory - but needs enforcing! Jul 21, 2014 The bench mark price of ethanol has been fixed at Rs44 per litre and the government had made it mandatory for OMCs to blend 5% ethanol with petrol, which has now been increased to 10% but actual lifting has been unsatisfactory
Central Railway\'s shoddy CCTV camera work at Dadar Jul 21, 2014 CCTV cameras installed for surveillance at Dadar railway station, especially on the Central line, seem positioned to avoid capturing people or suspicious movements. This renders them completely useless and raises questions about whether there is any supervision and whether cameras are deliberately mis-positioned
How to avoid a vacation nightmare Jul 21, 2014 The lesson here is twofold: First, don’t wire money to anyone you don’t know. Ever. If the deal turns out to be a scam, you’re not likely to get your money back. Second, book your vacations — no matter the duration — through reputable businesses
Spiralling cost of vegetables: What happened to the action plan? Jul 21, 2014 Vendors claim that scanty rainfall and crop loss have resulted in lower supplies to the market, hence the increase in price. However, buyers feel that this is far from the truth and vendors are actually taking advantage of the situation to make a fast buck
Infosys: All for Vishal Sikka\\\'s fat paycheck, but… Jul 21, 2014 Proxy advisory firm IiAS has recommended shareholders to vote the proposal to appoint Vishal Sikka as Infosys\\\' MD & CEO and also fix his annual remuneration at a maximum of Rs42.5 crore. But IiAS is also raising some concerns
When health goes Social: FDA pens proposal Jul 21, 2014 The guidelines from US FDA would not necessarily carry any legal implications, but would rather serve as something that is suggested or recommended, though not required
KBC Multi Trade, another MLM, goes bust; three agents dead Jul 17, 2014 Within four years, Nashik-based KBC Multi Trade was able to collect crores of rupees. Its promoters and directors are absconding and three agents are already dead. The question is, why nobody, including SEBI took action in time?
Why more vaccines won\'t translate to better health Jul 17, 2014 If vaccination was such a good method of disease prevention we should have been able to eradicate many contagious disease, but alas, records show that except small pox we have not been able to eradicate any contagious disease to date
Government in a dilemma on gas pricing? Jul 17, 2014 Due to the delays in the pricing, it is likely that the work in the wells for commerical production of gas will also be slowed down till the pricing position becomes crystal clear
Make sure your building is structurally stable Jul 17, 2014 Carrying out corrective repairs to old buildings under expert supervision, will ensure that an appropriate solution can be worked out to save precious lives and to preserve national assets
Budget 2014: CSR to Chequebook CSR Jul 14, 2014 The Government’s move to keep CSR activities out of the business expenses periphery, would lead private sector making lump sum donations or contributions to eligible trusts and institutions instead of taking an initiative for actually making a difference to the society
Need to link coal mines and power plants through rail lines Jul 14, 2014 Narendra Modi government has promised to deliver electricity 24x7 basis. This is a electrifying and positive assurance, but can only happen when fuel supply arrangements are made and actually kept, so that power plants can deliver the power!
Budget 2014: Get your taxes and investments right Jul 14, 2014 Getting instant reactions and opinions from the popular media is fine, but when you need the cold truth about the Budget where do you turn? Ameet Patel and Debashis Basu explained the fine prints of Budget to savers at an event organised by Moneylife Foundation
10 Ways to Save on Mediclaim Jul 11, 2014 There is no perfect mediclaim product or health insurer. Here is an invaluable guide, based on cases from Moneylife Foundation\'s Helpline
MCA clarifies on e-filing of MGT-14 Jul 11, 2014 Subsequent to this clarification, Corporate can proceed with any school of thought and stay assured of the form MGT-14 getting approved.
Can India reduce smuggling? Jul 11, 2014 There is a need to urgently install security scanners at all main airports in India to control, in particular, the smuggling of fake currency notes and gold
Mumbai suburban network and the rail budget Jul 11, 2014 By talking of Bullet Trains and super-fast ones and 864 EMUs, is the Railway Minister trying to tell “acche din ane wale hain”, while not addressing the immediate problems of over 75 lakh daily commuters of Mumbai\'s suburban rail network?
To Minister Jaitley, in response to Budget 2014 Jul 10, 2014 People With Disabilities are possibly the most unheard of minority in our country. Ms. Ketna Mehta writes an open letter to the Finance Miniter, about her own and others\' hopes and disappointments from Budget 2014
BUDGET 2014: What is in it for you? Jul 10, 2014 Jaitley\'s direct tax proposals are bound to bring some relief to millions of salaried employees who will gain from an increase in the income tax exemption limits to Rs2.5 lakh, while the limit under Section 80C has also been increased to Rs1.5 lakh
Budget 2014: Tax concessions and other highlights Jul 10, 2014 In his maiden Budget, Jaitley aims to revive investment climate in the country, lays emphasis on fiscal consolidation and also provides some sops for the common man in the form of Income Tax rebates
The price is (not necessarily) right Jul 10, 2014 Some of the largest retailers from the US have recently come under fire for allegedly using deceptive pricing tactics to get folks through their doors and – once inside – to the checkout line with the most items
Impact of FATCA on NRIs living in the US Jul 9, 2014 The recently enacted FATCA makes it mandatory for Indian tax authorities to share information about earnings of NRIs in US. However both India and US have a treaty signed to avoid double taxation. NRIs living in US can certainly benefit from this treaty
The fine print in T-Mobile’s alleged overbilling scam Jul 8, 2014 The FTC alleges that T-Mobile used third-party billing to collect hundreds of millions of dollars from customers by hiding unauthorized charges in their phone bills about premium texting subscriptions that cost $9.99
Impact of FATCA on NRIs living in the US Jul 8, 2014 The recently enacted FATCA makes it mandatory for Indian tax authorities to share information about earnings of NRIs in US. However both India and US have a treaty signed to avoid double taxation. NRIs living in US can certainly benefit from this treaty
Why Is Reliance So Angry? Jul 7, 2014 RIL is shooting off legal notices at the media while government is not yet doing its bidding
Sushanto Roy and Swapna Roy no longer citizens of India? Jul 7, 2014 The wife and son of Subrata Roy Sahara have acquired citizenship of the Republic of Macedonia, a country in the central Balkan peninsula in South-East Europe, which is attracting foreign investment by offering citizenship, say reliable sources
US companies dropping share buyback plans Jul 7, 2014 Buybacks have put US corporations deeper in debt. Net US corporate debt is a record $2.3 trillion, up 14% in the last year alone. The combination of too much debt, slowing earnings and expensive shares are slowing the buyback stampede
FTC asks L’Oreal: Where’s the science? Jul 4, 2014 While L’Oreal advertised that its Youth Code would “crack the code to younger acting skin,’’ the FTC said the touted studies didn’t test the product or even one of its ingredients
Hoarding of onions and potatoes! Stringent action needed! Jul 4, 2014 The general feeling in the market circles is that influential traders in Nashik region are in collusion with wholesalers in a few selected cities who appear to be hoarding and release supplies by bottle-neck despatches to increase prices
Tax-exemption games of educational trusts Jul 3, 2014 Many educational trusts are merely a tax-dodging scams, leading to a decline in the quality of Indian education. Its time to review the tax benefits to these many profit making trusts
Maintaining Your Cars On Hot Days Jul 3, 2014 If the monsoon is pushed further away, summer could keep playing havoc with your car. Here are some basics of to avoiding fires in your car during hot spells.
New Companies Act Damns Private Companies Jul 2, 2014 Private companies and smaller firms need don\'t use public money and can do less of regulation. But the new Companies Act has bound them with a lot more rules
Amravati Information Commissioner gets official bungalow in Pune! Jul 2, 2014 Maharashtra Chief Information Commissioner and Pune’s Divisional Commissioner manipulated words in official orders, so that former President Pratibha Patil’s secretary and now State Information Commissioner from Amravati, Rajendra Jadhav, could be gifted an official bungalow in Pune, the place of his additional posting.
Foreign funding and the Maharajas among NGOs Jul 1, 2014 India is emerging as the land of not-for-profit organisations, NGOs, with shadowy disclosures sources of funding. Perhaps, it is time for a re-look of foreign funding of NGOs given the compulsory CSR contribution in the Companies Act 2013
Life Insurance? Get Smarter Jul 1, 2014 Life insurance companies come up a wide variety of products to hook you. Many are irrelevant and harmful. Here is how to know that is being pitched at you any good
Do not destabilise Reserve Bank of India Jul 1, 2014 The FSLRC, in a hurry to resolve certain minor issues, ignored the evolution of the role and the care with which the RBI has nurtured the financial sector
The NSA revelations all in one chart Jul 1, 2014 ProPublica plotted the NSA programs, showing which ones fall squarely into the agency\'s stated mission of foreign surveillance, and which ones are more controversial