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‘Both capitalism and dollar will survive economic crisis’

DNMUM398326 | 10/10/2017 | Author : Vivek Kaul | WC :529

Economists have put across various theories on the genesis of the current financial crisis. Some blame Alan Greenspan, former chairman of the US Federal Reserve, for running a regime of low interest rate for four years after the dotcom bubble burst. This encouraged Americans to borrow more than what they were in a position to repay, these economists maintain, with the benefit of hindsight, of course. Others aren’t as convinced that Greenspan alone was to blame, Richard Thaler, a professor of behavioural science and economics at the Booth School of Business (formerly the Graduate School of Business), University of Chicago, for one. “I don’t think the low interest rate regime itself was the cause. Americans lived beyond their means, both hou
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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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