ECONOMY


Shukti Sarma 16 March 2012
Budget 2012-13 has come as a disappointment to most people. Neither customers, nor real estate developers happy about the finance minister’s offerings Jones Lang La Salle, a real estate broker, summed up the reaction of the realty sector as 'mixed', saying there is little to be excited...

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Moneylife Digital Team 16 March 2012
Gold jewellery, cars, diamonds, pan masala, cigarettes, cement, air travel, phone bills, refrigerators, air conditioners, courier services set to become costlier while LED-LCD TVs, mobiles, solar lamps, natural gas, LNG, tyres, cycle, salt, match box and cinema tickets are going to cost less...

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Moneylife Digital Team 16 March 2012
Dampeners like policy paralysis, difficulty in environment clearance, and achieving financial closure had impacted execution of projects and yet the government has increased its target for road completion Finance minister Pranab Mukherjee has said that the government will give contracts...

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Moneylife Digital Team 15 March 2012
The uncertainty surrounding the government’s commitment to consolidate its fiscal deficit in the budget on Friday is likely to have played an important role in the RBI’s neutral guidance With inflation remaining high, the Reserve Bank of India (RBI) kept the interest rate unchanged for...

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R Balakrishnan R Balakrishnan 15 March 2012
This budget cannot propel India to the next level of growth. So, if the budget is veneered with bold statements of apparent intent, ignore them. Political compulsions will prevent any major changes The budget is the last hope for the market run up to continue in 2012. Almost all of a...

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Ravi Dabhadkar 15 March 2012
Rather than reduce migrants to a factor of production, an effective migration policy must acknowledge migrants as human beings and address their dignity and human rights. The policy should be based on protection of their rights, rather than regulating their movement in the interest of...

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Moneylife Digital Team 14 March 2012
While increasing passenger fares after eight years, the railway minister said that it will be rounded off to nearest five rupees Railway minister Dinesh Trivedi, in his first Railway Budget, has increased passenger fares steeply even as he kept mentioning his party boss Mamata Banerjee’s...

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Moneylife Digital Team 14 March 2012
Railway minister Dinesh Trivedi hiked passenger fares, for the first time after eight years Here are the highlights of the Railway Budget for 2012-13...  Passenger fares increased marginally. The increase will be by 2 paise per km for suburban and ordinary second class; 3 paise per km...

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Moneylife Digital Team 06 March 2012
NHAI’s execution rate has been positive on a y-o-y basis from the current 5.8 km per day as compared to 4.9 km/day, but it is still insufficient to meet the target Policy paralysis, difficulty in getting environment clearance and achieving financial closures has taken toll on the...

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Veeresh Malik Veeresh Malik 29 February 2012
The issue with the renewable energy business, like the infotech and telecom business, is that it does not lend itself to the business of patronage, power and pelf because the product is not really getting moved around physically. At the core of the issue on why we will continue to suffer from...

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Moneylife Digital Team 22 February 2012
The minister said there is an urgent need to broad base the investment climate in the country, but observed that 90% of capital market transactions are confined to just 10 cities Union minister for corporate affairs Dr Veerappa Moily, citing a report from Citigroup, said that there is an...

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Moneylife Digital Team 17 February 2012
Probabilities point to the largest default in history. The cumulative costs to bail out the tiny Mediterranean nation might cross 320 billion Euros, which is more than the GDP of Greece The unravelling of the Greek crisis has taken a toll on the European market sentiment of late. This has...

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R Vijayaraghavan R Vijayaraghavan 16 February 2012
RBI deputy governor Anand Sinha recently said that from 15% (of total loans of the banking system) the NPAs came down till 2008, but they have risen sharply by 91% or Rs46,670 crore between 2005-2006 and 2010-2011. The situation is serious and banks had better do something about it quickly

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Moneylife Digital Team 15 February 2012
While the EGOM is slated to meet again to finalise the ONGC stake sale plan, heavy industries minister Praful Patel said that the BHEL disinvestment may happen in the next fiscal New Delhi: With just one-and-half months left to meet the Rs40,000 crore disinvestment target for this...

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Moneylife Digital Team 24 January 2012
The central bank has also revised its growth estimate for the current fiscal at 7% from the earlier figure of 7.6%. It has projected inflation at 7% by the end of March, but added that fiscal slippages are a “significant threat” to the economy The Reserve Bank of India (RBI) in its...

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William Gamble William Gamble 23 January 2012
If the locals are getting out, it is probably not a good idea for foreigners to get in. Capital flight, like bad debts, is also one of the principal indications of the end of a credit bubble At first hunters rarely actually spot their quarry. They usually track them following various...

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Moneylife Digital Team 16 January 2012
Without a comprehensive oil conservation policy in place and prolonged indifference towards developing renewable energy sources, we may be heading for a catastrophe, say industry veterans Foreign publications are in a tizzy, analysing and commenting on the rapidly escalating petroleum...

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William Gamble William Gamble 16 January 2012
The success rate for predictions is less than 50%, but when it comes to making money, the best strategy is to veer away from the herd to find new and different pastures In the United States much of the consumer spending takes place before Christmas. In fact the day after the national holiday of...

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Veeresh Malik Veeresh Malik 11 January 2012
We do not see any rational debate or solution on that issue as yet. And that is where the flaw lies with the introduction of the new GST regime—there is no mention of the aspect of rationalising compliances as well as subsequent returns Recent news on ‘streamlining’ of the service tax regime...

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