Fwd: Today's Exclusives - Government loses crores of rupees worth of royalty from quarrying; international traders rake it in

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From: Moneylife <noreply@moneylife.in>
Date: Wed, Jul 13, 2011 at 6:34 PM
Subject: Today's Exclusives - Government loses crores of rupees worth of royalty from quarrying; international traders rake it in
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13 July 2011   Moneylife Exclusive Government loses crores of rupees worth of royalty from quarrying; international traders rake it in Vinita Deshmukh An RTI query has revealed that Pune has no record of royalty from quarrying, that has caused loss of at least Rs2,000 crore. Global traders are selling precious mineral stones from quarries across Maharashtra—each miniature costing between $300 and $3,000...   Exclusive Column     Credit ratings agencies: The truth does not belong to any one William Gamble Ratings agencies are an important source of information for investors. However, it is difficult to judge the accuracy of the information because while ratings agencies may have the capacity to run simulations on a given set of assumptions, they cannot be certain about the information given to them...       Other ML Exclusives   Booming interest in Indian healthcare industry After private equity funds, now strategic investors are moving in. Aetna has just acquired Indian Health Organization Pvt Ltd, a three-year old startup... ............................................................................................................................................... Daily Market Report: Shares to rise The Nifty may rally up to 5,650 ... .............................................................................................................................................. Is this a Humpty Dumpty government? Or can the PM pick up the pieces? Be it rampant corruption or open rebellion in the ranks after the reshuffle, things seem to be falling apart at the Centre... ............................................................................................................................................... The journey of a microfinance industry that has gone horribly wrong Prof Ramesh Arunachalam's book on the microfinance industry is a timely work; it takes a close, unbiased look at the business and offers practical steps to help it regain its credibility ... ............................................................................................................................................... Single premium ULIPs get a push even as insurance business gets bogged down Insurers are focussing on single premium ULIPs due to the relative ease of sale and customers are looking for convenience of one-time payment. Is this in the interest of the customer or are they missing the principle of insurance being long-term disciplined savings? ............................................................................................................................................... Profit growth of auto makers expected to slow down in first quarter; two-wheelers riding well Brokerages say the drop in volumes may be compensated by higher revenues on increased vehicle prices, but higher input costs may still pressure margins... ............................................................................................................................................... Cabinet reshuffle: Medicine cabinet has been re-arranged, but toilet is still filthy Things—as far as governance is concerned—cannot be worse in Delhi. It's time to start asking questions now. The only way to fix things in the near future is to start asking questions now... ................................................................................................................................................ Delay in uploading TDS data on NSDL web site inconveniences taxpayers Organisations deducting TDS are required to submit the data to the Tax Information Network on the NSDL site on the basis of which taxpayers are supposed to file returns... ................................................................................................................................................ Montier's 7 laws of investing: Risk is not a number Academics try to quantify risk as a number. Practitioners define it as permanent loss of capital... ................................................................................................................................................ Health plan: LIC's Jeevan Arogya—competitive health insurance It is a combination of a hospital cash cover and a defined benefit policy for the entire (immediate and extended) family. But can it compete with mediclaim? ................................................................................................................................................ Personal finance today BNP Paribas MF unveils Fixed Term Fund-Series 22 C Future Generali India Life launches Bima Advantage HDFC Bank launches India's first ultra-premium credit card Royal Sundaram Alliance integrates with IGMS   At a Glance   - CBI quizzes Stan Chart officials on Aircel-Maxis deal - Austerity measures will help govt cut wasteful expenses: FM - Kalanidhi Maran summoned by police in cheating case - India, Australia to hold 1st round of FTA talks by end-July - Govt to complete m-governance application by year-end   Corporate Wrap-up   - Readymade Steel lists at Rs115 on BSE - Union Bank, ElectraCard Services to launch ecommerce services - Motherson Sumi to acquire 80% stake in Germany's Peguform Moneylife Columns     Intex: Good marketing offer wasted Anil Thakraney The stories feel very incomplete. If Intex didn't have the budget for long duration ads, the exercise should have been approached very differently. Right now, it's neither here nor there?     Open sesame: 2G treasure belongs to people R Vijayaraghavan When Kapil Sibal took over as telecom minister after the telecom scam broke, he made a stray statement that the licences would be cancelled and the process gone through afresh. Why have we not heard anything on that yet?       Face 2 Face   "MediAngels aims to become a super-speciality medicine consultancy online" Dr Debraj Shome, who set up MediAngels along with his friend Dr Arbinder Singal, believes that super-speciality healthcare should be more widely available...   Editor's Pick   Ireland's ratings downgraded to 'junk' Moody's has lowered the country's government bond ratings by one notch to a non-investment grade of 'Ba1' from 'Baa3'. ...................................................................................................................................................... Singapore is stagnating GDP has remained unchanged in the second quarter from the previous three months, when it climbed an annualised 22.5%, according to this poll. ...................................................................................................................................................... Gold stays steady The EU debt conundrum has given a boost to the yellow metal as a safe haven. ...................................................................................................................................................... Obama: Can't guarantee social security in August Forget the fear-mongering. Here are the actual figures. ...................................................................................................................................................... What will $100/barrel of oil mean? A Great Recession, if you go by historical data. ...................................................................................................................................................... Cartoon of the week On 401(k) plans   Book Review   Over the wall Devarajan Mahadevan ''On China" is a seminal work that focuses on the interaction between Chinese and American leaders since the People's Republic of China was founded in 1949.   FROM the ARCHIVES   Have mutual funds missed one of the biggest and obvious trends? FMCG stocks have recorded a huge rally not just over the past six months but over a whole decade. And yet, there are just three FMCG schemes while there are 23 infrastructure sector schemes (which have delivered 'average' to 'poor' returns) and 11 gold ETF schemes! ...................................................................................................................................................... Collective Investment Schemes: How gullible investors continue to lose money The legal haze and the muddle of regulations have ensured that it is not clear which regulator will supervise Collective Investment Schemes. Deposits come under the RBI's purview, and CIS is under SEBI's purview. The investor has to bear the brunt...   FORTHCOMING EVENT   Investor, Empower Yourself, for the first time in Bengaluru on 16th July Moneylife Foundation is holding a day-long seminar, "Investor, Empower Yourself", in Bengaluru, on Saturday, 16 July 2011. Admission is free, To register, please click here for details or message us at mail@mlfoundation.in, or call Shanti Jagadeesh at 080-41556012 (Time: 10 am to 6pm, Monday to Friday)...   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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