ECONOMY


Moneylife Digital Team 10 May 2012
The Supreme Court has referred to a larger Bench the question whether a person can be tried for a bounced cheque, even before the expiry of the 15 days’ notice period issued by a complainant. A Bench of Justices TS Thakur and Gyan Sudha Misra framed two questions for consideration by a...

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While it seems RBI has put a lot of thought since the September 2011 guidelines theFinal Guidelines may just leave the market cold The much awaited and talked about securitisation guidelines have been published by the Reserve Bank of India (RBI) on 7 May, 2012  (Final Guidelines). The...

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Moneylife Digital Team 02 May 2012
Export growth has crashed (probably last year their were a lot fake exports) and capital inflows are weak leading to a vicious cycle Indian exports in March declined to $28.68 billion from $30.41 billion in March 2011. This is the first time since 2009 that exports have fallen. It has led to...

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There is a disparity between retail and the wholesale deposits. Banks tend to look for bulk deposits whenever they are faced with tight liquidity position and one of the easiest ways to meet their cash reserve requirements is by raising resources through this route even at higher...

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India’s chief economic adviser, Dr Kaushik Basu has admitted that more reforms won’t be forthcoming until 2014. This is simply unacceptable India’s chief economic adviser, Dr Kaushik Basu, Professor of Economics at the prestigious Cornell University, who was speaking on India’s Economy...

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Moneylife Digital Team 20 April 2012
A newly launched index called Consumer Confidence Index (CCI) has shown nationwide pessimism about the future of the economy A comprehensive index known as the Consumer Confidence Index (CCI) has shown that our consumers are pessimistic about their economic future. In a first of its kind...

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Moneylife Digital Team 17 April 2012
Contrary to the expectations of bankers and economists the RBI cut repo rate and bank rate by 50 basis points. This may lead to lower interest rates for home loan, auto loan and corporate loans The Reserve Bank of India (RBI) on Tuesday surprised everyone by cutting the repo rate and...

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The RBI is again facing a chicken and egg situation, as it has the unenviable task of deciding its priority, whether controlling inflation or propelling growth, when it announces its annual monetary policy on 17 April, 2012 The Reserve Bank of India (RBI) is again facing a chicken and...

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Soma Bagaria  and   Nidhi Ladha 11 April 2012
After the Budget 2012-13 disappointments, foreign investors are expected to be relieved by some of the steps taken by the government to relax the FDI norms The Department of Industrial Policy and Promotion (DIPP) on Tuesday issued the revised Consolidated Policy for Foreign Direct...

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 The major frauds in the banking industry during the last two decades were mainly because of the failure of the audit profession in identifying the signals in advance The appointment of statutory central auditors for public sector banks (PSBs) was the prerogative of the Reserve Bank of...

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 In the US, domestic political compulsions prevent hiking taxes on their super rich, despite people like Warren Buffet offering to pay higher taxes. On the other hand, our poverty-stricken rural poor, designated Below Poverty Liners, are driven to suicides We, in India, are not the only...

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William Gamble William Gamble 02 April 2012
To fend off recessions, depressions, deflation and downturns, central bankers around the world have been providing “monetary morphine” in all shapes and forms. This will have unintended consequences Recessions, depressions, deflation and downturns are reckoned to be bad things by...

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Veeresh Malik Veeresh Malik 31 March 2012
The petrol tax cut in Goa, far from being a populist measure, is a brilliant move to plug revenue leakage caused by smuggling petrol into Goa and by adulteration of petrol with kerosene; and the first step to improving transport services. Let us assume that somebody in your apartment...

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Moneylife Digital Team 22 March 2012
Fare hike in sleeper, suburban, AC chair car and AC 3-tier to be rolled back, railway minister Mukul Roy said Railway minister Mukul Roy on Thursday announced a roll-back of passenger fares, which were part of the Rail Budget 2012 presented by his predecessor Dinesh Trivedi last week.

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Moneylife Digital Team 19 March 2012
In its zeal to make everyone a tax evader, an imperious UPA government has made a ridiculous amendment to the Income Tax law with retrospective effect The Union Budget for the year 2012-13, presented by Pranab Mukherjee on Friday was generally void of any major reforms. However, there...

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Dr SD Israni 19 March 2012
While the intent of the finance minister may be to boost the revenues so that he can have funds to spend on the social sector, the big question is what will be the impact on the consumers’ pockets? The Union Budget has become a great annual media event with every channel vying to outdo...

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William Gamble William Gamble 19 March 2012
What is true for the US is true for countries. While countries like Canada and Spain might be able to deal with a housing price collapse in a few years, a housing collapse in India and Brazil might take decades to clear. In China with few laws at all, the impact could be devastating and long...

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Vinod Kothari Vinod Kothari 16 March 2012
The Union Budget 2012 has introduced universal service tax. All services other than those that are negative-listed are liable to service tax. However, as the transfer of right to use is completely taken out from the purview of service tax, operating lease and financial lease are completely...

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Moneylife Digital Team 16 March 2012
On one hand the finance minister doled out minor income tax benefits but on the other hand he put additional burden of 20% hike in service tax and excise duty on the common man The Union Budget for FY2012-13, by and large, remained a non-event. Moneylife brings experts reactions,...

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