Fwd: Today's Exclusives - CAG says Adarsh scam shows failure of governance at all levels

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From: Moneylife <noreply@moneylife.in>
Date: Tue, Aug 9, 2011 at 7:09 PM
Subject: Today's Exclusives - CAG says Adarsh scam shows failure of governance at all levels
To: palashbiswaskl@gmail.com

 

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9 August 2011   Moneylife Exclusive CAG says Adarsh scam shows failure of governance at all levels Moneylife Digital Team The CAG report reveals how select members from the Services and the civilian administration, politicians and individuals connected with them, benefitted from the illegal construction of the 31-storey building in the heart of Mumbai...     Exclusive Column     The joy of losing: Is there an inner satisfaction that some people get by throwing good money away? Veeresh Malik To understand why people know that they will lose their money and still persist, a number of factors come into play—economical, psychological and sociological...       Other ML Exclusives   Maximum insurance claims are paid out to depositors of failed co-operative banks; still Damodaran panel wants to collect higher premium from all Larger banks are being made to bear the burden of the failure of poorly regulated co-operative banks... ............................................................................................................................................... Moneylife Foundation holds seminar on the truths behind mutual funds and how to select the right scheme There are 240 schemes with different flavours, combinations and sectors. An ordinary investor would find it difficult to decide which scheme to buy and when, given the current market volatility. Debashis Basu, Trustee, Moneylife Foundation, told the audience on how to analyse each sector and pick the right scheme for specific needs... ............................................................................................................................................... Daily Market Report: Share prices likely to crawl higher Nifty may to go up to 5,300, if current low holds... ............................................................................................................................................... Stockbroking: Tough times Broking companies are paying for grave systemic flaws... ............................................................................................................................................... Make a false complaint: You may just get lucky with IRDA! New India Assurance has coughed up Rs1 lakh as penalty for not replying to a client for seven months and ignoring the insurance regulator for a couple of months. Surprisingly, the complaint was not a valid one... ............................................................................................................................................... Fortnightly Market Report: Noise filter Long-term investors should start looking for buying opportunities as markets fall further... ............................................................................................................................................... What went wrong with Indian microfinance? For starters, here are some questions for SIDBI's board and senior management so that they can initiate the task of learning from their past experience...   Tree House IPO: Company unwilling to share details about its future prospects While the pre-school market is lucrative and growing at a fast clip, Tree House, a major player in this segment, does not want to reveal its expected revenue and profits... ............................................................................................................................................... Child ULIPs: At a price Tata AIG Gyan Prakash has multiple features, but these innovative features come at a cost... ............................................................................................................................................... Google finds auto purchase queries on Internet growing faster than travel or finance in India today For the Internet search company, this is more advertising revenue in the auto segment, which grew by 150% in 2010... ............................................................................................................................................... Tier 2 cities will be more attractive for retail loan products over the next couple of years, says CRISIL Volumes may be still low compared to metropolitan cities, but higher yields, especially in home and two-wheeler loans, is making business more profitable in these places...   Tata Steel: A weak and boring campaign The execution of the advertising campaign is far from steely—it's brittle and collapses after the very first exposure...   Brands are trying image makeovers, but fashion retail in India is still struggling Will the group-and-grow strategy and private equity investments help this sector? ............................................................................................................................................... Personal finance today - Geojit BNP Paribas forms JV with Bank of Bahrain and Kuwait - Shriram City Union Finance Limited to raise up to Rs750 crore through Secured Non Convertible Debentures - IDBI Federal launches insured wealth plan   ON STANDS NOW At a Glance   - India's fundamentals strong; ready to deal with any concern: Govt & RBI - RIL receives govt's nod for stake sale in 21 of 23 blocks to BP - Subbarao gets 2-yr extension as RBI governor - India's economy moving in positive direction: FM - Demand-supply mismatch causing inflation: Govt   Corporate Wrap-up   - Dabur India sets up new subsidiary in Sri Lanka - JSW Steel production up 15% to 5.99 lakh tonnes in July - L&T bags $185 million contract for UAE gas pipeline project Moneylife Columns     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...     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...     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   Amid the rout, insiders are buying "They have a history of being more right than wrong about the market's direction," says this analyst. ...................................................................................................................................................... Is a rebound on the cards? US stock index futures are looking up. But wait till the Fed announces its next move. ...................................................................................................................................................... London is burning Here's a blow-by-blow account. ...................................................................................................................................................... Stocks are down, but bonds gain $132 billion The retreat from equities and commodities has driven global bond markets to a record high. ...................................................................................................................................................... The Oracle stumbles Has Warren Buffett lost his sense of market timing? ...................................................................................................................................................... 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   TDS is not only tedious, it is sheer harassment. Government must make interest from banks free from income-tax 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... ...................................................................................................................................................... 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...     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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