Fwd: Today's Exclusives - TDS is not only tedious, it is sheer harassment. Government must make interest from banks free from income-tax

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From: Moneylife <noreply@moneylife.in>
Date: Mon, Aug 8, 2011 at 6:20 PM
Subject: Today's Exclusives - TDS is not only tedious, it is sheer harassment. Government must make interest from banks free from income-tax
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8 August 2011   Moneylife Exclusive TDS is not only tedious, it is sheer harassment. Government must make interest from banks free from income-tax Gurpur As it is the returns earned on bank deposits is not keeping pace with inflation. Besides, people face innumerable difficulties in getting the correct tax certificates to file tax returns...     Exclusive Column     Greedy breed of Indian political leaders Karan Kharb The people of the country witnessed the entire cash-for-votes scandal on television. So, to say that the police or the parliamentary committee investigating the episode cannot find evidence in the case, is a real shame...       Other ML Exclusives   Why are overage ships with improper documents being chartered for Indian ports? New questions are cropping up everyday over the Rak Carrier and Pavit, but nobody is giving any answers; and all this is happening in the region of India's biggest naval base... ............................................................................................................................................... Daily Market Report: Nifty, Sensex not yet out of the woods A close above 5,300 may mean respite from bears—for now... ............................................................................................................................................... Against the tide of shrinking IPOs and traded volumes, BSE wants to list a million SMEs! The BSE Small and Medium Enterprises Exchange CEO thinks that the exchange has the potential to list a million companies even as both the IPO market and traded volumes have dried up... ............................................................................................................................................... SIDBI must rework its microfinance strategy Merely increasing funding for microfinance, without learning from past mistakes, will not solve the microfinance crisis. As one of the biggest lenders to the microfinance sector, it is up to SIDBI to develop necessary safeguards to ensure that the industry it helped create, does not collapse under the weight of its sometimes over-enthusiastic support for MFIs... ............................................................................................................................................... Regulator: SEBI is just as bad The Securities and Exchange Board of India drags a report against Religare Securities through adjudication over a paltry penalty of Rs3 lakh, but seems unable to investigate case of rampant price manipulation... ............................................................................................................................................... Alstom spends 28% more on employees in first quarter, but productivity falters Employees costs have shot up for the engineering company to Rs94 crore in the April-June 2011 period. Sales, however, have declined by 20% to... ............................................................................................................................................... Forex Achievements has fabricated registration certificate to fool people, warns RBI The Chile-based company operated an MLM scheme over the past year, posting a fake Certificate of Registration that has the logo of the Reserve Bank of India on its website to fool investors...   'Indians looking at insurance as an investment avenue' Rituraj Bhattacharya of Bajaj Allianz Life Insurance says a typical Indian household has insurance as an investment avenue today, as it offers diversification and an opportunity to balance the investment portfolio... ............................................................................................................................................... Finance ministry must be in the know of gold transactions, says CIC Hearing an RTI appeal, chief information commission orders ministry to be the nodal body; Reserve Bank of India and finance ministry to submit affidavits in case of denial of any deals in the yellow metal... ............................................................................................................................................... FMCG stocks: Soap bubble Stocks of fast-moving consumer goods companies have been in a super bullish mode over the past few months. But are they overvalued? ............................................................................................................................................... Online shopping: Click to buy apples Will buying fresh produce online take off? ............................................................................................................................................... Personal finance today - L&T Mutual Fund floats 91 days fixed maturity plan - PSU insurers launch third party claims centre in Kochi - DLF Pramerica Life signs MoU with Mapusa - IDBI Bank launches Magic Card - Number of demat a/c holders will be 25 million by 2015     At a Glance   - Cairn accepts govt preconditions for stake sale to Vedanta - L&T Q1 net up 12% at Rs746 crore - Continuously assessing impact of US crisis: RBI - Market fall on expected lines; stability expected soon: Plan Panel deputy chief - Govt may lower disinvestment target for current fiscal ON STANDS NOW Corporate Wrap-up   - Omkar Speciality Chemicals Q1 PAT up by 100% - Godrej Properties, Jet Airways sign development agreement - Infinite Computer Q1 consolidated net profit up at Rs29.97 crore - Lakshmi Vilas Bank Q1 net profit rises 5% to Rs24.58 crore   Moneylife Columns     Greenlam Laminates: Deathly confusion! Anil Thakraney Greenply commercials tend to be surprising and engaging. But this time, in their endeavour to create whacky stuff, the advertiser has made a major blooper in the commercial, which leaves the viewer very confused...     Regulating the compensation awarded to bosses of MFIs Ramesh S Arunachalam The senior management of these institutions that claim to be serving the poor, receive unusually high payments which is not determined through an explicit process...     Face 2 Face   'Government needs to formulate building norms for retail spaces' With the government clearing the way for higher foreign investment in retail, industry is optimistic. But there are concerns about the state of the retail business and the absence of a charted growth path. Retail consultant Sq Ft, which is working with retailers like InOrbit, argues for a revamp of retail strategies instead of constructing more malls in the country, while at the same time paying more attention to the real estate aspect. Rajan Vernekar, director; Shashikala Venkatraman, managing director-India, and Priyanka Purkayastha, research consultant, shared their views with Moneylife...     Editor's Pick   Now, the US is shooting the messenger The American government continues its sharp criticism of S&P. ...................................................................................................................................................... What can investors expect in the days to come? Volatility... and more volatility. ...................................................................................................................................................... Is France next on the chopping block? The US downgrade leaves France as the most likely country to lose its AAA rating, say analysts. ...................................................................................................................................................... What does S&P's downgrade actually mean? The US is now defined by the combination of an economic crisis, growing inequalities of wealth, income & power, and political dysfunction. ...................................................................................................................................................... Can the Fed bail out the markets? Don't bet on it, says this analyst. ...................................................................................................................................................... Cartoon of the week US debt: Big deal!   Book Review   Elephants can dance N Madhavan "Dare to Lead" is Dr Anil K Khandelwal's story of how he turned around Bank of Baroda.   FROM the ARCHIVES   Damodaran Committee: More talk, less substance Instead of intelligently reviewing the existing mechanism of customer services, the Damodaran Committee only wants to add to it ... ...................................................................................................................................................... Damodaran Committee: Need to differentiate between settlements in credit reports According to the RBI-appointed panel, there are a number of complaints about wrong reporting by banks to credit bureaus, which has serious implications on the credibility of a borrower...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

 

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Palash Biswas
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