Maggi controversy; RBI rate cut & other top stories

THE ECONOMIC TIMES Sat, Jun 06, 2015 | 10:50 AM IST Weekly Platter Newsletter

Nestle withdraws Maggi noodles in India after food scare Nestle has withdrawn Maggi noodles in India due to "an environment of confusion for consumers", it said in the early hours of Friday. read more State of economy is probably weaker than we thought: Raghuram Rajan, Governor, RBI We have moved a little from having a balanced inflation to having some upside risk inflation forecast for next year, says Rajan. Finance Ministry brings out new 3-page income tax forms; last date of filing returns extended to August 31 Further, the Ministry has done away with disclosure of details of dormant accounts which are not operational during the last three years.

Editor's Pick Can Cognizant write its success story with a robotic automation drive? Francisco D'Souza said by implementing IPA technologies, Cognizant is driving savings and transforming core processes to help companies become digital enterprises. NREGA recast to combat threats of deficit monsoon MNREGS is being recast to include in its work plan activities such as de-silting of water bodies, percolation tanks, farm ponds to brace against drought. Why Alibaba's Jack Ma and Paytm's Vijay Shekhar Sharma are best friends now Alibaba is now working closely with Noida-based Paytm in helping the latter build scale, fraud detection systems and fulfillment systems. Corruption at highest levels in India has disappeared, says Prem Watsa " This country, India, is on its way. It's a big country, and it takes time to turn it around, but we are very high on Prime Minister Modi."

Most Popular This Week How startups are getting funds from Ratan Tata with just a mail How Kesh King's Sanjeev Juneja made history by selling his company for Rs 1,651 crore Infrastructure push from overseas: Companies from friendly nations like Malaysia and Japan may build highways in India Hyundai Creta SUV set for launch in H2 2015; to take on Ecosport, Duster, Scorpio Infosys does away with dress code, keeps it casual for all working days

Story of The Week Why did RBI's Raghuram Rajan cut repo rate by only 25 bps? Here are three reasons RBI goes on to say that a conservative strategy would be to wait, especially for more certainty on both monsoon and govt action on it. read more

Money Financial dos and dont's for parents in their late 30s, early 40s If you become parents in your late 30s or early 40s, it calls for a rejig of finances. Find out how to bring more focus to your planning. Here are nine incomes you need not pay tax on Not many people are aware that there exists certain types of income for which your liability is zero and they are not added to taxable income.

Stock Round Up Sensex ends in red, Coal India top gainer, up over 4% The S&P BSE Sensex ended the day at 26,809.97, down 3.45 points. The broader 50-share Nifty closed session at 8,129.2, down 1.45 points.

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