ECONOMY & NATION


Moneylife Digital Team 21 October 2021
Regulated coal supplies to nonpower sectors and allowing participation of captive miners amid an increase in production by the critical supplier - Coal India - may help corporate India avoid what appeared to be a major power crisis in the making until recently. However, the threat still looms...

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Moneylife Digital Team 21 October 2021
The Bombay High Court on Thursday asked Zee Entertainment Enterprises Ltd (ZEEL) to call an extraordinary general meeting as requested by Invesco Developing Markets Fund (Invesco) and OFI Global China Funds, the largest shareholders in the company.    However, the HC says that the...

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The Supreme Court on Thursday reiterated that farmer groups have the right to protest, but they cannot keep roads blocked indefinitely. The top court has sought response from Samyukt Kisan Morcha (SKM), an umbrella body of farmer unions, and other farmer unions on a petition filed by a woman...

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India on Thursday achieved the major milestone of 100 crore vaccination-mark, nine months after the nationwide inoculation programme was started to protect the people against Covid-19.   The CoWin portal mentioned that a total of 100 crore vaccine doses has been administered so far to...

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After facing criticism for allegedly copying popular products and manipulating search results to boost its own brands, especially in India, Amazon has now announced a new tool that will help third-party sellers with detailed insights into what customers are searching for, clicking on, and...

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Moneylife Digital Team 20 October 2021
The production linked incentive (PLI) scheme has given a much-needed booster dose to flailing capital expenditure (capex). Without it, capex would have likely taken nearly two years to touch pre-pandemic levels. The actualisation of the scheme will result in aggregate industrial capex rising...

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Moneylife Digital Team 20 October 2021
Coming down heavily on tax officials, the Bombay High Court (HC) has warned that it will impose substantial cost if the income tax (I-T) department continues to pass orders "without application of mind."   In a strongly worded order, the bench of justice KR Shriram and justice Amit B...

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Sharpening the attack on Facebook, a group of US Democrats has asked Facebook CEO Mark Zuckerberg to end his digital wallet and cryptocurrency project, adding that the social network can't be trusted to manage cryptocurrency.   In a letter, Senators Brian Schatz (D-Hawaii), Sherrod...

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Nivedita Khandekar (IANS) 20 October 2021
As scary visuals of devastating floods causing damage to infrastructure in Uttarakhand steadily poured out of the state on social media, the most common question asked was: "Is this happening because of climate change?'   Over two dozen people lost their lives, several bridges were...

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Moneylife Digital Team 19 October 2021
Gross non-performing assets (NPAs) of Indian banks will rise to 8%-9% this fiscal, well below the peak of 11.2% seen at the end of fiscal 2018. COVID-19 relief measures such as the restructuring dispensation, and the emergency credit line guarantee scheme (ECLGS) will help limit the rise,...

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Moneylife Digital Team 19 October 2021
The economic offences wing (EOW) of Delhi police has arrested three persons for siphoning off Rs300 crore taken as loan from Yes Bank. Those arrested include Yateesh Wahal and Satish Kumar Narula, both directors of former corporate lobbyist Nirra Radia's Nayati Healthcare & Research NCR Pvt...

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Spelling cheers ahead of Diwali, the Maharashtra government on Tuesday decided to relax pandemic norms further and extend the timings for restaurants and shops, an official said.   As per the new orders, which come into effect immediately, all shops and establishments shall be allowed...

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Moody's has revised the outlook for the Indian banking system to stable from negative suggesting that the deterioration of asset quality since the onset of the coronavirus pandemic has been moderate and an improving operating environment will support asset quality.   In its banking...

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The delayed withdrawal of monsoon, coupled with flood situation in various parts of the country, soaring fuel prices and the festive season demand have all set the prices of vegetables, especially essentials such as onion and tomato, to shoot up within a week or so.   The Centre has...

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Moneylife Digital Team 18 October 2021
As many as 31 companies, including 16 micro, small and medium enterprises (MSMEs) and 15 non-MSMEs comprising eight domestic and seven global companies, have received approval under the production linked incentive (PLI) scheme of the department of telecommunications (DoT).    Eligible...

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Mumbai has lost 81 per cent of open land, 40 per cent green cover and nearly 30 per cent of its water bodies between 1991 and 2018 while the built-up area has increased by 66 per cent during the same period, a recent study has found.   This loss of open land (barren spaces without any...

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Cedric Prakash (The Leaflet) 18 October 2021
16th October marks the ‘World Food Day’. With India’s ranking in the Global Hunger Index tragically plummeting further, FR. CEDRIC PRAKASH SJ writes about the need for ensuring the right to food for every single citizen in the country.   Every 16th October – and the world once again...

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Moneylife Digital Team 16 October 2021
The government has decided to convert the Ordnance Factory Board (OFB) from a department, into seven fully government-owned corporate entities to improve self-reliance on the country's defence preparedness. The seven new defence companies that have been incorporated are Munitions India...

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PNB Housing Finance has terminated the Rs4,000 crore deal with US-based Carlyle group for a preferential allotment.   "The Board's primary objective is to raise capital to support the growth of the Company, and the Board believes that the current situation is not in the best interests...

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After facing protests and social media storm over pay parity and working conditions, online home services provider Urban Company (formerly UrbanClap) on Thursday announced to slash the commission it charges from beauty service professionals from 30 per cent to 25 per cent.   The...

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