Rail fare hike & Modi govt in news this week!

THE ECONOMIC TIMES Sat, Jun 21, 2014 | 12:11 PM IST Weekly Platter Newsletter

Rail passenger fares hiked by 14.2%, freight rates by 6.5% After implementation, a Rajdhani Express Mumbai-Delhi 2-tier AC ticket for August will cost Rs 2,511. A SpiceJet flight ticket on August 19 costs Rs 3,564. read more Auto, home loans may get cheaper as call rates fall Overnight short-term rates have fallen sharply in just three days after RBI infused Rs 10,000 crore through two-day term repo. Four 'tough' acts from Modi govt that common man may have to bear While these measures, may inflict discomfort, it's long-term gains in form of better job opportunities & higher income levels that govt may target.

Editor's Pick Jaitley vs Chidambaram: Is NDA giving a free hand to Rajan? When UPA was in power, there was no end to cacophony from New Delhi on interest rates. Now hardly anyone speaks about what interest rate should be. Jairam Ramesh feels Narendra Modi could be India's Richard Nixon Ramesh believes Modi has the potential of emerging as 'India's Richard Nixon' in handling Pakistan, China because he enjoys the "flexibility" that his predecessor lacked. More new graduates help TCS save on staff costs The focus on new hires has allowed TCS to earn the fattest margins in software industry and also have considerable flexibility on deploying its resources. Privatisation of property around 7RCR will reap highest revenue For Modi, it will be immensely more popular to privatise property on all the roads named after Mughal emperors than to sell off Bombay High or ONGC.

Most Popular This Week Indian engineering graduates' degrees to be recognised across 17 countries 10 stocks poised to fly high on government's smart city plan Chandrababu Naidu seeks Nadella's help to develop Anantapur as IT hub Massive hiring: E-tailers like Flipkart, Snapdeal to hire 60,000 this year Air India quietly taking on budget carriers, offers cheap tickets

Story of The Week Govt clears investment hurdles, gives go ahead to seven projects worth Rs 21,000 crore Of these 7 big-ticket projects, some had been held up for decades due to hurdles ranging from environmental issues to financing problems. read more

Money Seven mistakes that small investors often commit Dalal Street is riding a tsunami of exuberance. Remember that the biggest investing mistakes are committed when markets are at their all-time highs. Should you invest more in stocks on bull run optimism? There is widespread optimism that the stock market is poised for a bull run. Find out if you should hike your allocation to equities.

Stock Round Up Sensex down 96 points to two-week lows on growing unrest in Iraq Major losers include M&M, Maruti Suzuki, SBI, ICICI Bank, Dr Reddys Lab, GAIL India, RIL, ONGC, Sesa Sterlite, Sun Pharma and Tata Power.

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