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The political managers of the government managed to pass the Finance Bill 2013 in Lok Sabha amidst uproar on Coalgate. There was no discussion on the Bill. The government made 12 amendments at its own based on representa
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In its monetary policy review on May 3, 2013, RBI cut the policy interest rates but remained worried over high inflationary environment in the country. It has expressed deep concern over high current account deficit and
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Anand Mishra
Various variables related to markets impact it to different degrees. Hence, one needs to constantly review these variables from short term as well as from long
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There are a number of cyclical stocks available in market whose performance is very much dependent on economic ups and downs. Importantly, one should be able to enter in these stocks before the start of up move and
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According to an old adage, one should not put all his eggs in one basket. Nowhere in real world is it more aptly applicable than in the world of investments. One of the most fundamental tenets of successful and effective
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You receive emails or phone calls informing you about exciting offers and schemes. You are promised trade in multiple foreign currencies and huge profits in no time. There are also promises of online training on how to t
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The seventh largest country by area and second largest nation by population India has a multilingual society. In India, there are nearly 30 languages which are spoken more than 10 lakh speakers. Though a group of people
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Fund raising in India through initial public offerings (IPOs) has not been so encouraging in the year gone by. A total of 10 companies collectively managed to garner Rs 6059 crores during financial year 2012-13, which sh
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The government has partially decontrolled the sugar industry by giving freedom to sugar producers to sell sugar in the open market. They have also been spared from selling levy sugar at subsidized rates to ration shops.
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Market Review
(Mar 19th 2013 to April 2nd, 2013)
Gold had a breakdown below $1570 an ounce levels in the fortnight as its safe haven demand had a hit on the strong US dollar and solid gains in the
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Arbitrage trading is one of the least understood and used strategies in financial markets. This is strange considering arbitrage trading is almost risk free. There are multiple ways in which one can make money through ar
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In a normal mortgage, the borrower pays the borrowed amount in EMIs over a specified period. While in Reverse Mortgage, the payment stream is reversed. In this scheme, one gets regular cash flow for pledging a property.
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Portfolio management service (PMS) has been a service usually meant for high net worth investors. To avail this service one must have a minimum of Rs. 25 lakh. But the Tier II account of New Pension Scheme provides the p
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The Sensex, the benchmark index of Bombay Stock Exchange, has lost one per cent in last one month. It has lost After touching 52-week high of 20,204 on January 29, Sensex has lost over four per cent as of now. Investors
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On the face of it, there was a hint of green shoots, with the factory output growing at the rate of 2.4 per cent in January, as compared to 1 per cent in January 2012. Coming in the wake of contraction in the two previou
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The jewelers and precious stone dealers may be arrested and jailed for facilitating investment of black money into yellow metal, gems and jewelry. The Parliament has amended Prevention of Money Laundering Act (PMLA) to t
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The newly-launched MCX Stock Exchange (MCX-SX) has not been able to attract significant volumes. If we look at the data of the exchange during the first seven trading sessions since the launch of its equity trading platf
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Belying hopes of revival or even green shoots, industrial production declined for the second month in a row in December. However, the market remained unaffected to the news of -0.6 per cent growth in the index of industr
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If you’re planning to buy a car, here are a few tips that can save you some money
A penny saved, they say, is a penny earned. So, if one is able to save 5-7 per cent on the buying of a new car, it would be double
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It is not just scams plaguing governance and economy that India Inc has to take into its stride. It also has to tackle with an insidious enemy--the fraud within. Unfortunately, Indian companies seem to be downplaying the
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Do you get frightened when the stock you’ve invested in is hammered because the company has been embroiled in a controversy or is facing allegations of corruption? Read on to know the strategy you should follow to
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The Singapore Court’s December 6 ruling that GMR should hand over the Male airport to the Maldives government was not just a blow to the interests and reputation of the Indian infrastructure company. It has also ex
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The United Progressive Alliance (UPA) government’s ambitious direct cash transfer scheme got embroiled in controversy as soon as its rollout was announced. Challenged by the Opposition and snubbed by the Election C
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Sunil Kumar Singh
With the help of algorithmic and high-frequency trading strategies, stock traders in india and world over are getting faster access to streaming real-time market data and
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Gold has been a favorite choice of investment for Indians. People go for gold ETF and E-gold, but buying the yellow metal in the form of jewelry is the all-time favorite for us. However, when a person decides to buy gold
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In these gloomy times, there was some bit of good news—at least in appearance. The country’s per capita income crossed the Rs 50,000 mark for the first time, though there was a catch in it as we shall see.
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If you're planning to finance your dream flat that you were eying for long through bank loan, think again. You might now have to shell out more money out of your own pocket to purchase your house instead of relying on
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Avoid defaults on your home loan. If you default for some reason, don’t ignore communication from the bank
Ramesh was looking for a property in an upmarket location in Gurgaon. He had a cushy job in a multinati
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The Reserve Bank of India’s outreach activity at a village near Delhi on February 9 was like a country fair. Actually, it was designed in this fashion—mixing information with entertainment, interspersing sp
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Merriam-Webster defines ‘budget’ as, among other things, “a statement of the financial position of an administration for a definite period of time based on estimates of expenditures during the period
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If the reality resembles a farce, what better way to start a write-up than with a joke? So, consider this joke-parable: A man asks an astrologer, “Panditji, after the death of my wife, I remarried. When my second
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The quashing of all 122 2G spectrum licences has not only brought great embarrassment and disrepute to the United Progressive Alliance (UPA) government but also created more financial, diplomatic, legal and political
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The year 2011 gave no respite to the any investment avenues, be it currency, equity or commodity markets. Most of them ended in the red as the financial crisis roared throughout the year, giving no relief to the in
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Compulsory hallmarking will protect consumers from being ripped off by fraudulent jewellers. However, its effective execution would be a tricky issue across the length and breadth of the country.
In the first week of Ne
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Shares of two-wheeler maker Bajaj Auto dropped sharply on January 4, extending this month's slide to more than 10 per cent after it posted disappointing sales numbers in December. On January 4, its shares fell b
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The government began the New Year on a liberalizing note, allowing Qualified Foreign Investors (QFIs) to directly invest in Indian equity market. The move, according to a Finance Ministry statement, would widen the cl
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Two consecutive years of bull run on the Indian capital market came to a screeching halt last year with popular stocks plunging and investors scurrying for cover. So, what should they do in 2012? Will the battered scr
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The Securities and Exchange Board of India (Sebi) has opened a new window for promoters to offload equity to investors. The market regulator’s move has introduced two methods for the purpose—the institution
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In another case of electoral considerations steamrolling prudent economics, the Cabinet has cleared the National Food Security Bill. It will push the food subsidy expenditure in the region of Rs 1 lakh crore, burdenin
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The Statement of Objects and Reasons of the Companies Bill, 2011, says that in view of changes in the national and international economic environment and the expansion and growth of economy of our country, the repeal
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The depreciation of a currency means decrease in its value when compared to another nation's currency. So, earlier if $1 was equivalent to Rs 45 and now it is worth Rs 50, those who have dollars see a hike in their bu
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To understand the European sovereign debt crisis, one must get acquainted with two terms–eurozone and sovereign debt crisis. The euro area, or the eurozone in common parlance, is an economic and monetary union (
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LIC Housing Finance (LICHF), the fourth largest housing finance provider of the country, has a customer base of more than 10 lakhs. Its chairman feels pride to say that the company has in real sense copied the genetic
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The much-awaited health insurance portability has been started across non-life insurance companies from October 1. Portability is allowed for individual health policies, group mediclaim policies as well as family floa
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Mixing home and hospitality can make you rich. If you invest in properties or are interested to do so, make sure to search for an option of 'service apartment'. For an investor, this instrument not only offers the ben
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D.C. Gupta
Former Finance Secretary,
Ministry of Finance, Govt of India
and Former Member, MRTPC
Now that the much awaited second quarter review on the Monetary Policy 2011-12 has come out bringing clearly the s
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In an effort to provide additional support to sectors that hit badly by the global recession, the government announced a slew of measures to boost exports from the high-value engineering, traditional textile, pharma and
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The movement- Occupy Wall Street- began in September in New York. The people who are frustrated with America's limping economy have camped on Wall Street to protest. Since then, thousands of people have joined similar pr
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Telecom regulator TRAI had come out with recommendations to stop pesky calls and text messages. The decision actually has been taken to restrict millions of messages sent by telemarketing companies.
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Luxury car makers might be far behind in race with mass product producers, but they are certainly accelerating with better gears. This year, luxury car manufactures have outpaced the growth of mass product manufacture
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The Budget-making Process
MM Bureau
Budget process is a massive exercise. The exercise has different stages and each stage kicks off at a different stage of budget-making process. In this write up, we shall discu
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Cement demand in the country has been sluggish in the past four months, clocking just 3 per cent year on year growth in April-July 2011. With interest rates and government action on infrastructure investments rem
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Recently mortgage company LIC Housing Finance as well has joined the teaser home loan bandwagon by introducing 'New Advantage 5', under which the interest rate would remain fixed for the first five years. With the lau
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If you want a loan to buy an affordable home but do not have enough documents (like salary slips), then there is at least one company which believe that documents are not the only way to test the trust of a clie
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And the Reserve Bank of India (RBI) once again decided to increase policy rates. It all started in March 2010 and the a pex bank has raised the rates a dozen times in last 18 months. This sincere effort from RBI to ta
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The regulatory agencies are working up to common people's woes. Insurance Regulatory Development Authority of India's initiative made Unit Linked Insurance Plan (ULIP) friendly for investors. SEBI's initiative of appl
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The Reserve Bank of India has issued draft guidelines for banking license to private companies. These include a minimum capital of Rs. 500 crore, 49% cap on foreign shareholding, listing within two years of receiving
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Working for an IT company, Rahul Verma is under stress these days and the reason behind it is his cash. Actually, since past two years, Verma has been investing around Rs. 5 Lakh, in share markets. The purpose for thi
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A director of a company in Madhya Pradesh was kidnapped during his business tour. A police complaint was filed. Twenty days passed. Police could not do anything. The kidnappers demanded a ransom of Rs. 30 lakh. After
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You won't disagree if I say it is really difficult at times to buy a gift. Giving gifts to the near and dear ones is a special moment for you as well as for the receiver. Hence, everyone thinks of presenting such gift
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Many of us shy to trade in crude oil. We believe that as the crude gets more affected from global reasons than domestic, hence the task to catch the movement is not so easy. Also, the volatility in prices is too high.
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There is a belief that Muslims can't invest in a company which borrows money on interest. A group of Shariah experts is of the view that it is not allowed for a Muslim to deal in the shares of such company, even if it
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Gold and silver has put investors in enigma. On one side the yellow metal is trading at 14 years high while on the other side, silver has peaked to an all time high. The investors at this stage are puzzled whether to boo
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In an innocuous sounding Press Note issued on 31st March the Government announced that the Union Cabinet has approved a proposal for exempting the International Cricket Council (or ICC) under section 10(39) of the I
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To roll out the much awaited and debated Goods and Services Tax (GST), the central government is coming up with the Constitutional Amendment Bill (CAB) in Parliament. To present the bill, UPA has got the nod from Union c
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Japan lost almost 1% of its GDP and nearly ten thousand people in nature's fury which appeared in the guise of earthquakes, tsunami and subsequent nuclear disaster. Equity markets became jittery, currency markets lost ba
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Alok Dwivedi
Pranab Da spares healthcare services
Lok Sabha has passed the Finance Bill 2011. While moving the Bill, finance minister Pranab Mukherjee addressed a few concerns to the earlier proposals he made during hi
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To steal and misuse the credit card won't be easy now, as its usage over phone is now required to pass an additional security layer. The banking regulator, Reserve Bank of India (RBI) has made it mandatory for customers
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In connection with the public clamour for disclosing the names of Indians who were holding bank accounts in Lichtenstein, the Finance Minister maintained that information received from foreign jurisdictions is confidenti
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The union budget for financial year 2011-12 is all set to be presented by the Finance Minister on February 28, 2011. As far as the taxes are concerned, no radical changes are likely in the budget as the Direct Tax Code i
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Highlight
Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal.
Agriculture likely to grow at 5.4% in 2010-11.
Industrial output grows by 8.6%.
Manufacturing sector registers 9.1%
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Bombay Stock Exchange has launched physical settlement system for Futures & Options (F&O) trading. From February 1, trading on all existing single stock F&O contracts expiring on or after April 13, 2011, has
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Very soon Indian investors can trade in indices of 24 global stock exchanges, including that of the US, Europe and Asia. In its recent circular, market regulator Securities and Exchange Board of India (SEBI), has
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Charisma of cosmetics
Bollywood is going ga ga with income tax appellate tribunal's recent judgement. The tribunal has ruled that the expense incurred on costumes and cosmetics by an actor qualifies for expenditure bene
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Despite bullish market conditions, investors have lost money in 40 out of the 68 Initial Public Offerings (IPOs) that hit the market in 2010. Aqua Logistics Ltd. led the pack of the top losers, with the stock quoting a -
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Automobile
IndiaInfoline
Automobile volume growth on yoy basis continued to remain strong in Q3 FY11, driven by improved economic environment and better availability of finance. Price hikes implemented during t
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Premier stock exchange of India, National Stock Exchange (NSE), has replaced American-style stock options with European-style contracts. All stock option contracts expiring on or after January 27 will follow the Eu
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Poaching stalwarts of rival camps is a practice prevalent in all competitive markets. And Times Group's business channel ET Now has followed it by pulling to its side the big shots of CNBC. Market experts are expecting t
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How healthy and peaceful your life is, sometimes and many would say most of the times, depends on how good your big boss is. A grumpy boss can screw your career and life. In today's fast life, having a supportive boss is
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