Fwd: Today's Exclusives - The stink coming from Dhanlaxmi Bank: AIBOC raises serious allegations

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From: Moneylife <noreply@moneylife.in>
Date: Mon, Oct 10, 2011 at 7:26 PM
Subject: Today's Exclusives - The stink coming from Dhanlaxmi Bank: AIBOC raises serious allegations
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10 October 2011   Moneylife Exclusive The stink coming from Dhanlaxmi Bank: AIBOC raises serious allegations Moneylife Digital Team In a memorandum to the RBI, AIBOC has raised several questions over Dhanlaxmi Bank's business operations...     Exclusive Column     Can you ask for other students' answer-sheets? No, that's misuse of RTI Vinita Deshmukh The Film & Television Institute of India recently received an RTI application demanding answer-sheets of other students, by a prospective student who failed to get admission to an Animation & Computer Graphics course in 2010. The appeal was eventually rejected as being ultra vires of the RTI Act ...       Other ML Exclusives   There could be nicotine in your herbal toothpaste A study by the Delhi Institute of Pharmaceutical Sciences and Research attached to Delhi University has found that leading toothpaste and toothpowder brands use nicotine; a few companies deny such usage and some are tight-lipped... ............................................................................................................................................. Concerned with the state of affairs, eminent citizens write second Open Letter to our leaders calling for immediate change The first open letter was written on 17th January. This Magna Charta wants action on land, judicial, electoral & police reforms; need for effective redressal mechanisms and measures to improve the economic and investment climate... .............................................................................................................................................. Commercial banks' priority sector lending for 40 years has had limited success. It's time for a complete overhaul - I After nationalisation of a number of large banks, mandatory lending to priority sectors served the purpose for which it was intended. But the entire process was subsequently torpedoed by the political class; the rural population was exploited for political gains and these banks are now saddled with mounting non-performing assets... .............................................................................................................................................. Daily Market Report: Rally may extend Nifty may move in the range of 5,030 and 5,135... .............................................................................................................................................. Jagjit Singh is no more. But the melodies he left behind will keep playing on The ghazal maestro passed away today. It was Jagjit's single-handed contribution that made the ghazal genre a part of every Indian's life—and this was at a time when music from the Indian Hindi film industry was melodious, meaningful and with lyrics that we still remember... .............................................................................................................................................. Custody of Speak Asia financial advisor extended up to 12th October In 2002 Sanjeev Dandona was charge-sheeted by the CBI along with seven other people, including three officials from the Transport Department of Delhi Government, for allegedly issuing forged permits for new auto-rickshaws... .............................................................................................................................................. Disaster with Chinese Characteristics Greece is a democracy with a free press and subject to the restrictions of the EU. China actively suppresses information. To determine the state of the Chinese economy it is sometimes necessary to look outside some of the official reports. Like discovery of the structure of DNA, it is necessary to look at shadows and in China's case the shadows are looking very scary... .............................................................................................................................................. Press Council Paid News report slams ex-state CM Ashok Chavan Entity comes down heavily on media outlets and the prominent Maharashtra politician for media reports supporting him, and his challenge of the Election Commission pre-poll rules... .............................................................................................................................................. A workable microfinance & financial inclusion policy: How can it be formulated? India needs a microfinance policy that is holistic, futuristic and yet practical in terms of satisfying unmet ground-level financial needs of low-income and excluded people. It should be developed through a truly bottom-up and democratic process with widespread stakeholder input and consultations... .............................................................................................................................................. Social media: Socially active Companies are getting social—with mixed effects... .............................................................................................................................................. NCL Industries: Concrete base Strong diversification plans with latest technology... .............................................................................................................................................. Automotive Axles: Geared for growth India's largest independent manufacturer of rear-drive axle assemblies... .............................................................................................................................................. Personal finance today - Toyota launches 'Q Celebrations' festive service campaign - Dena Bank reduces home, car loan rates again - Andhra Bank launches prepaid gift, international travel cards   At a Glance   - New telecom policy aims at doing away with roaming fees - Domestic car sales dip 1.8%; bike sales up 19.92%: SIAM - USE chief Narayanasami quits - Credit offtake by priority sectors up 17.3% in August - MFIs want to recast AP loans; ready to halve rates to 15%   Corporate Wrap-up   - Maruti dismisses 10 workers & terminates 5 trainees - GE, Greenko to develop wind energy projects across India - BHEL wins Rs4,000 crore contract to set up power plant   Moneylife Columns     Corporate bonds: Don't bond with them R Balakrishnan The rush of NCDs, especially of NBFCs, is fraught with risks...     Doing business in China: The pros and cons William Gamble The regulatory framework in emerging markets is either bad or nonexistent. In the World Bank's annual report on the ease of doing business the highest BRIC is China which barely makes it into the top half of countries. Brazil is the only BRIC that makes it into the top half of Transparency International's corruption index...       Face 2 Face   Future Generali India Life Insurance: "ULIP charges are squeezed; wonder if any insurer charges less than the maximum allowed" Future Generali believes that the life insurance market is big enough for all the players to compete in newer areas and segments. Deepak Sood, MD & CEO, Future Generali India Life Insurance, says that good claims settlement ratio and quick claims turnaround time are the main drivers of customer satisfaction and retention. Excerpts:..     Editor's Pick   US economy: Life in the slow lane Around 1,03,000 jobs were created in September, but the figures don't point to an economy going ahead on full blast. ...................................................................................................................................................... China is facing a massive debt crunch Local governments are bankrupt, with many projects often resembling huge bridges to nowhere. ...................................................................................................................................................... Guess what the Oracle of Omaha finds attractive now? Warren Buffett is betting on US bank stocks. ...................................................................................................................................................... What will Apple do with its $76 billion stash of cash? The call to open up the war-chest will only grow louder after the demise of Steve Jobs. ...................................................................................................................................................... Steve Jobs and his Hollywood legacy The Apple's co-founder's passion for the digital animation business brightened up many cinematic ventures. ...................................................................................................................................................... Graphic of the Week Steve Jobs: Life seen through his lens.     Book Review   Written in stone: Over the years Shukti Sarma A bare-bones history of life...   FROM the ARCHIVES   SEBI circular on mutual fund due-diligence given the go-by SEBI's circular on due diligence to be done by large distributors is yet to be taken seriously. Some banks are not even aware of it! ... ...................................................................................................................................................... Steve Jobs, Rest in Peace. Your act will be impossible to follow History will be recorded as a world before Steve Jobs and a universe after his demise. America may forget JFK, Elvis, Henry Ford, Bill Gates, John Lennon and Warren Buffett. But the Apple icon will always stand as a figure whose charisma blew away audiences, who was a tech oracle beyond compare—and a person who stared at death at its face, and won the ultimate battle...     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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