Fwd: Today's Exclusives - Damodaran Committee submits report after HC threat to summon RBI governor

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Jul 7, 2011 at 8:27 PM
Subject: Today's Exclusives - Damodaran Committee submits report after HC threat to summon RBI governor
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7 July 2011   Moneylife Exclusive Damodaran Committee submits report after HC threat to summon RBI governor Moneylife Digital Team The RBI has promised to present the Damodaran Committee report to the Karnataka High Court even as Mr Damodaran has failed to provide his "transmittal" as the chairman of the Committee...     Exclusive Column     Reverse merger frauds: On the importance of the honesty of a brand William Gamble The confidence of investors seeking to participate in the vibrant growth of emerging market companies has been shaken by a spate of scandals in the US markets involving reverse mergers...       Other ML Exclusives   Open sesame: 2G treasure belongs to people 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? ................................................................................................................................................ Monsoon losing its impact on markets and consumption Contrary to the general perception that a good monsoon has a positive impact, brokerages suggest that stock markets have performed well even when there was average to above average rainfall. In addition, demand and consumption, especially in the rural market, and the health of government finances remained intact irrespective of the monsoon... ................................................................................................................................................ Daily Market Report: Share prices will remain strong for the next few days Nifty rally that started on 23rd June continues; headed for 5,800 and above... ................................................................................................................................................ Higher deposit, lending rates put pressure on bank margins in first quarter Brokerages say banks are seeing a significant growth in funds mobilisation, but lower credit off-take; public sector lenders under strain from exposure to power utilities... ................................................................................................................................................ Prominent citizens issue legal notices to UIDAI and Planning Commission over Aadhaar 'Aadhaar' is a government scheme and has the potential to be the biggest scandal ever that would dwarf all other such swindles that have become public knowledge thus far... ................................................................................................................................................ India calls itself an IT giant. But the government does not believe in email Many email IDs on various government websites are non-functional. So how can the public contact these entities via the Internet, when this is the age of 'e-governance'? ................................................................................................................................................ Tax benefits: Heart of the matter Is your heart a piece of plant and machinery for you to get tax breaks? ................................................................................................................................................ Traditional plan: Opaque and low returns HDFC Life's Sampoorn Samridhi Insurance Plan is innovative but avoidable... ................................................................................................................................................ Personal finance today HDFC Mutual Fund unveils 370 days fixed maturity plan DSP BlackRock MF offers online investment option via debit cards Lakshmi Vilas Bank introduces three new services Weather-based crop insurance scheme to be introduced in Bengal   At a Glance   - Dayanidhi Maran resigns from Union Cabinet over telecom case - Probe into Essar, Swan to be over by 31st August: CBI - CBI to provide Radia's telephone talk transcripts to 2G case accused - Govt clears guidelines for FM Phase III expansion - Food inflation at 7.61% for week ended 25th June, lowest in seven weeks - FM: Food inflation, fuel prices still reason for concern - SBI hikes lending rates by 25 bps; deposit rates by 100 bps - Banks will meet 19% credit growth in FY12, says IBA chief   Corporate Wrap-up   - Coromandel inks pact with Qatar Fertiliser for supply of urea - Magma Fincorp targets 50% growth in Punjab & Haryana in FY12 - Lupin gets tentative FDA approval for Pregabalin capsules Moneylife Columns     Forget Pakistan, corruption is bleeding India by a thousand cuts Karan Kharb The enemy within our country is graft; even the armed forces, the true backbone of our country, are now simmering with discontent. The time to stem the rot is now...     GNIIT: As boring as a classroom lecture Anil Thakraney This commercial is sure to put you to sleep, just as a lecture would by a very boring econometrics professor...       Face 2 Face   'The realty slowdown is already happening' Shobhit Agarwal, managing director, Protiviti Consulting India, says that there is little chance of a major correction happening in real estate prices. But various factors are affecting speculative demand which is where a slowdown is happening...   Editor's Pick   Is a Chinese meltdown inevitable? The country is facing a double whammy: huge growth in loans and raging inflation. ...................................................................................................................................................... Goldman had taken $15 billion from the Fed According to this report, this was the "biggest single loan from a lending program whose details have been secret until today." It was granted on 9 December 2008. ...................................................................................................................................................... There's a bug in iPad & iPhone software Hackers have exposed a flaw in Apple's iPad & iPhone software, which could be exploited by "criminals looking to gain remote control over iPhones, iPads and iPod Touch devices," says this report. ...................................................................................................................................................... The US faces widespread flood through summer Forecasters at the US NOAA's National Weather Service are saying that 2011 could rival the Great Flood of 1993. ...................................................................................................................................................... Debt crisis: Europe is shooting the messenger Moody's downgrade of Portuguese debt is being called an act of financial vandalism by "Anglo-Saxon" rating agencies. ...................................................................................................................................................... Cartoon of the week The Fed's printing machine is working overtime.   Book Review   Past is no future Debashis Basu "Expected Returns" is a brilliant contribution to the historical analysis of investment returns.   FROM the ARCHIVES   High inflation, interest rates slow demand will impact Q1 performance, say brokerages Domestic slowdown and global uncertainty has resulted in lower FII inflows in the April-June quarter... ...................................................................................................................................................... Audit deficiency, not change of management, root cause of distortion in SBI March quarter results 'Big bath' in balance sheet of the State Bank of India and the bloodbath on the stock price were a result of the deficiency on the part of statutory auditors who failed to guide the management properly...   FORTHCOMING EVENTS   How to use the Right to Information Act effectively Narayan Varma will talk on techniques and tips that can be effective in using the RTI Act, at a workshop at the Moneylife Knowledge Centre, on Tuesday, 12 July 2011. To register call Dione/Judith/Seraphina on (022) 2444 1058-60 or email us at mail@mlfoundation.in. For details click here... ...................................................................................................................................................   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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