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Festive breather as CPI falls, IIP jumps

DNMUM398591 | 10/13/2017 | Author : Praveena Sharma | WC :775

New Delhi: In a minor relief to the government after a string of disappointing macroeconomic numbers, retail inflation came 0.08 percentage points lower in September at 3.28% even as factory output rose 3.4 percentage points to 4.3% in August, according to official statistics released on Thursday.
The slight dip in the retail inflation last month from August’s 3.36%, notwithstanding, it continued to be under pressure from rising prices of fuel, housing, and with the base effect from last year wearing off, many economists expect it to inch up again.
They see the easing in the CPI inflation as a temporary phenomenon and expect it to “fall in line” with Reserve Bank of India’s (RBI) projection of 4.2%-4.6% in the second half of the curr
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Here is how mutual fund investors can save on tax
DNMUM401516 | 11/24/2017 12:00:00 AM | Author : Saravana Kumar | WC :496

In mutual funds, investing in stocks or bonds where fund managers earn capital gains, dividends and interest income, helps in saving income tax. Profit earned in the fund is either distributed as dividend to investors, who opt for it, or else become
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Six mobile cos planning to pre-install BHIM app
DNMUM401517 | 11/24/2017 12:00:00 AM | Author : Mansi Taneja | WC :368

New Delhi: Six mobile manufacturers are planning to pre-install government’s application BHIM (Bharat Interface for Money) on their mobile phones, a part of government’s plan to drive adoption of digital payment services.
The amount of transactio
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Stuck in a shopping mall with no cash? SBI’s Yono can help
DNMUM401518 | 11/24/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :378

Mumbai: State Bank of India (SBI) is launching a comprehensive lifestyle and financial services platform called Yono (you only need one).
If you run out of cash while shopping, the app enables you to avail a pre-approved personal loan without an
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Promoters in shock as govt shuts them out
DNMUM401519 | 11/24/2017 12:00:00 AM | Author : Edit | WC :185

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, which received president’s nod on Thursday, has literally shut out many promoters who are trying to win over their debt-ridden companies that are currently at the National Company Law Tribun
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