Fwd: Today's Exclusives - Airport operators sit on valuable public property, avail of concessions, but will not be accountable

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From: Moneylife <noreply@moneylife.in>
Date: Wed, May 18, 2011 at 8:26 PM
Subject: Today's Exclusives - Airport operators sit on valuable public property, avail of concessions, but will not be accountable
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18 May 2011   Moneylife Exclusive Airport operators sit on valuable public property, avail of concessions, but will not be accountable Vinita Deshmukh RTI activist Sanjay Shirodkar has been working to bring Mumbai International Airport Ltd (MIAL) under the RTI Act, since 2007. MIAL has resisted all orders, even going to the High Court on the matter. Shockingly, the public Airports Authority of India (AAI), which has a stake in the company, has defended the private agency. Similar battles are being fought in Bangalore and Delhi...     Exclusive Column     UP land acquisition: Let villagers keep their lands; development be damned! Veeresh Malik What started as a difference on land acquisition prices, and village landowners wanting to go back on pre-negotiated contracts after development has reached their doorsteps, is now being given a political colour in the name of villagers losing their land...       Other ML Exclusives   Deregulating SB interest rates without strengthening the banking industry is putting the cart before the horse The RBI must consider long-pending measures to strengthen the banking system and introduce customer service initiatives that would enable customers to take advantage of the liberalisation in interest rates...   'Buying the right health insurance is like marriage' Buying health insurance is still a little understood area for most people. But it is important that they try to learn how the mediclaim system operates and make the best use of it, according to speakers at a Moneylife Foundation seminar... ................................................................................................................................................ Daily Market Report: Share prices will continue to drift lower Nifty headed for the first support of 5,340, subject to a minor rally... ................................................................................................................................................ Deutsche Mutual Fund announces launch of DWS Gold and Precious Metal Offshore fund This is one more in a long list of foreign funds that are tapping Indian investors' savings when Indian mutual funds have been unable to sell Indian funds... ................................................................................................................................................ How to avoid 'get-rich-quick' schemes and scams There are no free lunches, no easy money. Yet people often become victim of 'double-your-money' or 'earn-lifetime-income' schemes. Here's how to identity and avoid such MLM schemes... ................................................................................................................................................ Moneylife Foundation sends representation to PM, FM and RBI urging ban on MLM schemes Moneylife Foundation urges the PM and others to completely ban MLM companies in India or bring these companies under the regulation of either RBI or SEBI... ................................................................................................................................................ Wheels for the well-heeled The new 'hypercar' on the block is the Koenigsegg Agera which may cost anything between Rs13 crore and Rs16 crore, or Rs17 crore landed in India. Throw in a few more crores for duties, taxes, registration and insurance, and you have a money block of about Rs20 crore on day one... ................................................................................................................................................ General insurance: Downgraded S&P's downgrade of Indian insurance companies is not surprising... ................................................................................................................................................ Bancassurance: Changing tracks Bancassurance is less bankable for insurers... ................................................................................................................................................ Personal finance today Tata Motors commercial vehicles division launches 'Tata Delight' Birla Sun Life Mutual Fund floats Capital Protection Oriented Fund-Series 6 Principal Mutual Fund unveils 91 days fixed maturity plan Bajaj Finserv to launch mutual fund business by next year IDBI Federal Life Insurance launches ULIP Union KBC Mutual Fund floats Equity Fund   At a Glance   - RIL rebuts DGH's KG-D6 report, pins hopes on BP to fix problem - TCS, HDFC named India's best managed companies - CPI at 106 points in April; fruits, protein-based items up - Govt to add natural gas, fertilisers in core sector data - TRAI may get more teeth; likely to be on par with SEBI - HC asks CCI to give copy of order to NSE within a week     Corporate Wrap-up   - L&T wins GSPC contract worth Rs1,450 crore - Bajaj Finserv Q4 net profit doubles to Rs872 crore - Atul Auto mulling foray into agricultural machines biz - Neyveli Lignite's output up by 3.6% in FY11 - Radico Khaitan report net profit of Rs17.4 crore for March quarter   Moneylife Columns     Havells Fans: Simple and witty Anil Thakraney The campaign keeps it simple and straight, as usual. And it's disruptive and entertaining. One will just have to wait and see whether consumers become fans of Havells...     Tax evasion: Broken trail Sucheta Dalal US is cracking down on Indian-Americans with undeclared Indian accounts. But these dubious tax-dodging accounts won't go away, thanks to rampant corruption in our tax department and the impossibly high deposit targets for bank managers...     Face 2 Face   'The proposed web censorship law is a joke' Rajiv Dingra, head of a web advertising consultancy, warns that web advertisers had better not underestimate the web consumer who can react unlike a TV viewer...   Editor's Pick   Stop chasing gold and silver... Platinum could be the answer. It is waiting to break out after the Japanese crisis, says this study. ...................................................................................................................................................... The complete picture on oil Resource decline rates are lower than feared earlier, but we are in for a period of extreme volatility. ...................................................................................................................................................... The $11 billion race for 'green' software SAP is taking on Big Blue to tap the $11 billion market for green software-which helps organisations to boost productivity without harming the environment. ...................................................................................................................................................... Here's a take on 2011 from UBS UBS calls it a volatile world, speaks on food prices, Japan's fiscal crisis, US ratings... and more. ...................................................................................................................................................... Is the iPad going to shed some fat? According to this report, Apple is planning a standardised SIM card to produce thinner devices. ...................................................................................................................................................... Cartoon of the week When there was a leak in WikiLeaks   Book Review   Trading forex Debashis Basu At the core of The Little Book of Currency Trading is the use of a well-known trading tool called Bollinger Bands...   FROM the ARCHIVES   BRTS for Mumbai: Clearing some doubts raised by certain groups and authorities Questions have been raised about some aspects of the Bus Rapid Transit System for Mumbai. While it is necessary to address these issues, it is more important not to delay the implementation of such a crucial project that can transform transportation, which is now straining the city and its citizens... ...................................................................................................................................................... Benchmark small-cap ETF: A useful addition to your portfolio? It would have been a useful part of the portfolio if the NSE small-cap index was constructed properly. But is it? Besides, the combined illiquidity of small-caps and the ETF itself would be a double whammy for investors. Stay away from the ETF; try DSP BlackRock's Micro Cap fund...   Forthcoming Events   How to be to Safe and Smart with your Money Moneylife Foundation is holding a workshop on 'How to be Safe and Smart with You Money' on Saturday, 21 May 2011, at the Moneylife Knowledge Centre. Admission is free. To register, please message us at mail@mlfoundation.in or call Dione/Judith on 2444 1058 Click here for more details. ...................................................................................................................................................... Investor Empower Yourself, for the first time in Kolkata Moneylife Foundation is holding a day-long seminar, 'Investor Empower Yourself', in Kolkata, on Saturday, 4 June 2011. Admission is free. To register, please message us at mail@mlfoundation.in or call Dione/Judith on 2444 1058 Click here for more details.     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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