Mumbai`s Dhobi Ghat, the world’s largest open air laundry, will be redeveloped. The British era laundromat, a popular tourist spot has rows of open air, concrete wash pens each with its own flogging stone.
India has shown considerable progress in the textile, automotive and telecommunication sectors, said Make in India campaign’s second achievement report that was released by the Ministry of Commerce and Industry on Friday.
Eight public sector undertaking (PSUs) companies have announced bonus shares for their shareholders thus far in the current calendar year 2016, reported Business Standard. Statistics available with Capitaline Plus revealed it is th
Someone breathlessly said: “Mobile ATM has come. Mobile ATM has come.” The message had an electrifying effect on the employees. Amid whoops of joy, they promptly went scurrying out of their office to find out more. And
Remember the Lokpal? The one-point panacea for all corruption and black money. It is a law, on the statute book. And while the government has launched a surgical strike against black money that has hit everybody other than its intended targets, th
After prime minister Narendra Modi announced demonetization on November 8, people were allowed to use the old currency notes at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/buria
Former prime minister Manmohan Singh and finance minister Arun Jaitley sparred over demonetization in parliament on Thursday. Manmohan spoke of the “monumental management failure” in implementation as well as adverse impact on the econ
The Comptroller and Auditor General (CAG) detected non-recovery of unutilized grant and interest thereon for e-Bharat -Project from National Institute of Smart Government (NISG), Hyderabad. “DeitY gave an advance of Rs 10.50 c
All is not well with healthcare delivery at the grassroots. Exploring the government healthcare system in the rural belts of Sitapur district in Uttar Pradesh during my five-month long field work, some worrying facts surfaced about the state of he
At first glance, he looks like a timid and harmless man. The moment you start talking to him, his confident and energetic voice is in stark contrast to his frail frame. And as soon as he starts singing, the audience becomes his fan, and cheers l
There is no proposal to acquire Gujarat State Petroleum Corporation (GSPC) by Oil and Natural Gas Corporation Limited (ONGC), minister of state (I/C) for petroleum and natural gas Dharmendra Pradhan informed the Rajya Sabha in a written reply on W
Public sector units (PSUs) have suffered less compared to others amid the current market meltdown, limiting notional loss in market value for exchequer, reported Business Standard. The average decline in the PSU pack has been only 1
The Reserve Bank of India (RBI) on Wednesday doubled the balance that can be kept in prepaid wallets and cards to Rs 20,000. Also, merchants can transfer up to Rs 50,000 per month from these so-called semi-closed prepaid payment instruments to the
An independent investigation by a forensic auditor under Payment Card Industry Data Security Standard (PCI-DSS) framework is underway and the investigation will look into incidents of data breach, the finance ministry informed the Rajya Sabh
The income tax department irregularly allowed deduction to assessees in 33 cases across 13 states in respect of infrastructure developed by joint venture formed by collaboration with foreign companies, undertakings owned by association of pe
The Reserve Bank of India (RBI) on Wednesday doubled the balance that can be kept in prepaid wallets and cards to Rs 20,000. Also, merchants can transfer up to Rs 50,000 per month from these so-called semi-closed prepaid payment instruments
At a time, when the country was in the middle of a deep economic crisis and was facing internal insurgency, PV Narasimha Rao, the first ‘accidental’ prime minister, not only restored political stability but also pushed through the econ
It is quite common for businesses to face bloodletting due to disputes and no one wants to get caught in the tangled and protracted web of court litigation. With some of the largest corporates in the world being headquartered in Mumbai, their prim
In order to promote digital transactions through the USSD channel, the telecom regulatory authority of India (TRAI) has waived off the transaction cost from Rs 1.50 to Rs 0.5 paisa per session. The new rates will be effective from
“It is not necessary to have re-introduction of Rs 1,000 when there is already a Rs 2,000 rupee and Rs 500 rupee new note. There is no as such compelling reason but as far as it is logical or not, it is difficult to say right her
