Fwd: Today's Exclusives - Can Speak Asia be tried under the Prize Chits and Money Circulation Act?

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From: Moneylife <noreply@moneylife.in>
Date: Thu, May 19, 2011 at 8:11 PM
Subject: Today's Exclusives - Can Speak Asia be tried under the Prize Chits and Money Circulation Act?
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19 May 2011   Moneylife Exclusive Can Speak Asia be tried under the Prize Chits and Money Circulation Act? Moneylife Digital Team Although prima facie, the Speak Asia case appears to be fit for trial under the Prize Chits and Money Circulation Schemes (Banning) Act, the question is since it is not registered in the country, how and where would the proceedings be initiated against the MLM company...     Exclusive Column     Why state ownership of enterprises will not go away William Gamble Some years ago when privatisation became the rage, many people predicted that state-owned firms would eventually be sold off. But that hasn't happened. Even today, state-owned companies control the majority of resources and business. And they simply don't make money...       Other ML Exclusives   Two failed IPOs show that manipulators have withdrawn from the game, for now With the secondary market sagging, IPO manipulators are not confident of rigging up prices after their offerings...   SEBI's relaxation of rules that govern broker-client relationship really amounts to beating about the bush The market regulator's rules which aim to protect investors are toothless, because they don't take into account the ground realities... ................................................................................................................................................ Daily Market Report: Share prices still lack strength to rally Watch for Nifty to close above 5,450 for a possible short rally... ................................................................................................................................................ Revival of parking lots policy will worsen traffic congestion, benefit builders Experts point out that granting higher FSI for constructing parking lots will give builders huge profits... ................................................................................................................................................ Banks flout RBI rules on retaining account numbers after the demise of a joint account-holder In 2008, the apex bank had clearly specified the rules and regulations on the addition or deletion of a joint account-holder's name under specific circumstances. However, this rule is not being followed... ................................................................................................................................................ Want to change your mediclaim? From 1st July, you would be able to switch your health insurer. What can you do with this facility and what are the limitations? ................................................................................................................................................ Personal finance today SEBI defers listing of Vaswani Industries Galaxy Surfactants withdraws IPO a day before its closing Reliance Money Express ties up with Muthoottu Mini IDFC Mutual Fund unveils 200 days fixed maturity plan SBI Mutual Fund unveils SDFS-370 days-15 Edelweiss Mutual Fund launches monthly income plan Sundaram Mutual Fund floats fixed term plan Canara HSBC OBC launches Life Insurance Simulator   At a Glance   - L&T Q4 profit up 17.25% at Rs1,686.21 crore - Food inflation slips to 7.47% for week ended 7th May - Declining trend in inflation evident: FM - ED registers money laundering case against Kalmadi - Govt creates elite unit to probe financial crimes - Cairn extends Vedanta deal deadline again     Corporate Wrap-up   - Reliance Cap's arm hikes stake in HPCL to 5% - Lakshmi Vilas Bank FY10-11 net profit rises to Rs101 crore - Rajshree Sugars Q4 net jumps two-fold - Varun Shipping signs contract with Petrobras of Brazil   Moneylife Columns     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...     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...     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   After dotcom, is it a social networking bubble now? Social networking is so hot now. LinkedIn has sold 7.84 million shares for $45 each (at the top of its price band). Investors are lapping up stocks of social networking companies like there is no tomorrow. ...................................................................................................................................................... Japan shrinks more than estimated Production has been badly hit, and consumers have cut back on spending. ...................................................................................................................................................... Is China facing its own Great Depression? The similarities between China, and the US before the Great Depression, are striking. ...................................................................................................................................................... PIMCO's El-Erian: The US is facing "Financial Repression" The PIMCO head is saying that major flaws in the economy will not be addressed, printing of money will go on, and savers might face a negative real rate of return. ...................................................................................................................................................... Takeda looks to buy Swiss rival for $13.6 billion The country's economy might be reeling, but this will be one of the biggest foreign acquisitions by a Japanese firm. ...................................................................................................................................................... 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   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. Moneylife was the first to expose the Speak Asia online survey scam on 8 October 2010... ...................................................................................................................................................... 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...   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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