Fwd: Today's Exclusives - Ajay Maken says Mani Shankar Aiyar's 'obstructionist' role delayed CWG projects, increased costs

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From: Moneylife <noreply@moneylife.in>
Date: Wed, Sep 7, 2011 at 7:09 PM
Subject: Today's Exclusives - Ajay Maken says Mani Shankar Aiyar's 'obstructionist' role delayed CWG projects, increased costs
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7 September 2011   Moneylife Exclusive Ajay Maken says Mani Shankar Aiyar's 'obstructionist' role delayed CWG projects, increased costs Moneylife Digital Team Sports minister says, Mr Aiyar told the prime minister at the time that work on infrastructure was making progress, but this was not true...     Exclusive Column     This recession is different: Booms in the emerging economies have accumulated too much debt William Gamble Conventional wisdom is that the recent global crisis was caused by developed countries and that many emerging markets were barely touched by the recession. On the contrary many of these economies have not only been expanding, but also overheating, and the amounts and the extent of debts they have piled up in the process are only just beginning to be realised...       Other ML Exclusives   If the BCCI is officially a private body, how can the cricket team it selects be the official national team? Why are some heavyweight politicians opposed to the Board of Control for Cricket in India coming under the purview of the RTI Act, as proposed in the new Sports Bill presented by the sports minister? Curiously, while the BCCI fights to keep its financial affairs out of public scrutiny on the grounds that it is a private body, it declares itself a charitable institution to secure tax exemption... ............................................................................................................................................... Terror bomb attack outside Delhi High Court kills 11; more than 60 people injured Union home secretary RK Singh says explosion was of 'medium to high intensity' and has the makings of an improvised explosive device commonly used by terror groups... ............................................................................................................................................... Daily Market Report: Uptrend to be short-lived Nifty to move in the range of 5,065 and 5,200... ............................................................................................................................................... Speak Asia officials on the run; panellists feel the heat from repayment pressure All the MLM company's officials—except one who is in jail—are absconding. First, Speak Asia cancelled a scheduled meeting with the RBI, then it withdrew a petition in the Supreme Court. Now panellists are feeling the heat over repayments from their down-lines... ............................................................................................................................................... Interest rates: Don't buy bond funds, yet It is best for now to keep money in liquid funds or short-term plans until there is a clear indication that the RBI has given up on raising interest rates as a tool to bring down inflation... ............................................................................................................................................... Forex Dhamaka, yet another MLM company that promises easy income through forex trading The company promises forex training, which it says will help earn easy income through forex trading. Some time back, the RBI had warned people not to invest in another similar company by the name of Forex Achievement... .............................................................................................................................................. Allow inspection of files to dispose off lengthy RTI queries quickly, avoid backlog, says CIC Central Information Commissioner Shailesh Gandhi warns of the possibility of a backlog of RTI queries choking the system, as in the case of the courts... ............................................................................................................................................... Consumer durables sales hit by high interest rates and inflation The growth in consumer durable goods output has slowed, but the major manufacturers are doing reasonably well... ............................................................................................................................................... Land Acquisition Bill: Developers jittery about cost impact; activists say it doesn't ensure livelihood of displaced Higher cost of land on outskirts of cities may hurt low-margin affordable housing projects. Still, there are those who believe acquisition must be made harder not just for the sake of farmers, but also for food security... ............................................................................................................................................... Pension ULIP: New Avatar IRDA reviews stance on guaranteed rate, proposes to expand pension product options... .............................................................................................................................................. Personal finance today - Syndicate Bank, Tata AIG Life to offer group insurance solution to housing loan customers - Deutsche MF floats Fixed Term Fund-Series 90 - JM Financial MF launches Fixed Maturity Fund-Series XX-Plan B - Peerless MF introduces Equity Fund   ON STANDS NOW At a Glance   - Land Acquisition Bill introduced in Lok Sabha - TRAI recommendations soon on blocking lost, stolen mobiles - Differences in govt over diesel subsidy come to the fore - Oil ministry chides DGH for reopening RIL marketing margin issue - Domestic auto sales to touch 5.6 million units by 2017: SIAM Corporate Wrap-up   - ONGC starts oil, gas production from GS-15 field - Rico Auto wins export order worth Rs70 crore per annum   Moneylife Columns     Financial inclusion of sugarcane farmers in modern-day India Ramesh S Arunachalam In some ways, financing arrangements today penalise the small producer for mistakes of other parties. There is an urgent need to make financial products for low-income people client-sensitive and responsive...     Kotak Mahindra turns 25. Once again! Anil Thakraney The ads are so dull and witless; you'd rather watch paint dry on a wall. The least they ought to have done was to make the stories very funny and interesting...     Face 2 Face   'Affordable housing is a demand category yet to be taken up' Everyday, thousands of home-seekers surf the Internet, looking for their dream home. How does the residential property market look through the lens of a property portal? Ganesh Vasudevan, vice president and business head of indiaproperty.com, gives an overview to Moneylife...     Editor's Pick   Yahoo CEO Bartz fired over the phone, rocky run ends CFO Tim Morse to step in as interim CEO, as the company searches for a permanent leader to spearhead a battle in online advertising and content with rivals Google Inc and Facebook. ...................................................................................................................................................... NYT: In euro zone, banking fear feeds on itself Questions continue to mount about the ability of Europe's banks to ride out the crisis. ...................................................................................................................................................... UK parliament resumes hacking inquiry Two former executives challenge Murdoch son's testimony. ...................................................................................................................................................... World's first commercial spaceport nears completion Phase one of world's first commercial spaceport, coming up in New Mexico, is now 90% completed, in time for first flights in 2013 ...................................................................................................................................................... Plastic and paper bag ban proposed for Los Angeles Councilman calls for a sweeping ban not only on plastic bags, but single-use paper bags as well because they are still generating litter. ...................................................................................................................................................... Cartoon of the week Here are a whole lot of them-Libya is the flavour of the month.   Book Review   Indian Mujahideen: The terror inside Shukti Sarma Shishir Gupta writes some hard facts about home-grown terrorists in "Indian Mujahideen".   FROM the ARCHIVES   Shakti Pumps openly shows eagerness to boost share price The company, in its official filing with the Bombay Stock Exchange, writes about the promoters' "creeping acquisition" of its own shares and how its share price has beaten the Sensex... ...................................................................................................................................................... TDS certificates should be sent to customers: RBI to banks The banking regulator today announced 10 points that banks must work on to improve services for customers...     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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