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70% of MTNL’s revenue goes in paying salaries and pensions

State-run MTNL spends 70 percent of its revenue on salaries and pension of its staff, communications minister Manoj Sinha told Rajya Sabha on Friday. The minister said that this has affected the financial condition of once profit-making telecom co

Heavy rains lash Mumbai, records above normal rainfall

Heavy rains in the Mumbai since morning disrupted routine life as the suburbs recorded 126.6 mm rain from 8.30 am to 2.30 pm while Colaba recorded 21.4 mm rainfall during the same time. The Indian Meteorological Department (IMD) has

Is this AAP’s Battle of Zama?

A bit of history first. Hannibal, a military commander from Carthage, is considered one of the greatest military commanders in history, particularly for crossing the mighty Alps with men – and elephants – and taking the war dir

Taxi aggregators may be fined for price surging

Taxi aggregators such as Uber and Ola may no longer be able to raise fares arbitrarily in times of higher demand as the centre is bringing app-based taxi services under a regulatory network that would allow state governments to fix a fare cap, rep

PSUs asked to contribute to Swachh Bharat pool

The government has turned to state-run companies to contribute to an account created to finance the prime minister`s Swachh Bharat programme. The department of public enterprises (DPE) has sent out an advisory, asking central public sector underta

Juveniles caught driving to now face the music

The Cabinet has approved the Motor Vehicle (Amendment) Bill 2016. Here is how the proposed changes would help in making roads safer:   Increase in compensation for hit-and-run cases from Rs 25,000 to Rs 2 lakh. Also

40 central PSUs are headless

As many as 40 central public sector enterprises (CPSEs) are running without a regular chief executive, parliament was informed today. These include MTNL, Shipping Corporation of India, NMDC and Rashtriya Chemicals and Fertilizers, minister of stat

Slouching to Rio

The Olympics is a glorious sports extravaganza, pitting the world’s best against one another and putting on display extraordinary sporting skills that inspire billions across the globe. But, here lies the pinch. India barely causes a gentl

GST bill passed: India looks set for its biggest ever tax reform

The Rajya Sabha on Thursday passed The Constitution (122nd Amendment) Bill, 2014 (GST), ending years of political wrangling and raucousness.  GST is essentially a comprehensive indirect tax on manufactu

Mineral, oil, metal and energy sector firms identified for disinvestment

The government has identified state-run enterprises in sectors like mineral and metal, oil, energy, capital goods as well as some mid-size and small stocks for disinvestment, the finance ministry said on Tuesday, according to a report by the Econo

From West Bengal to Bongo

What’s in a name? Well it can make you speak last in a meeting if one goes in the alphabetical order. This has irked West Bengal’s chief minister Mamata Banerjee too. Tired of speaking at the very end of meetings, the CM has proposed t

Parliament passes bill to tackle black money

 Benami Transactions (Prohibition) Amendment Bill, 2015, the legislation for tackling the problem of black money in the country has been passed by the Rajya Sabha on Tuesday.  The bill provides for confiscating ‘benami&rs

Marriage registration to become easier in Delhi

 Couples may find it easier now to register their marriages as the Delhi government’s revenue department has granted its sub-registrars the power to complete the formalities. Until now, only the office of the sub-divisional magistrate (

Whose law is it – theirs or ours?

Bhanwarlal belongs to a dalit family in Nimora village in Bassi tehsil of Jaipur. The village is dominated by brahmins, baniyas and khatris; it has only a handful of dalit families. Nimora has only one place of worship – Lord Balaji temple.

Why bad loans can now be better dealt with

To ensure faster recovery and resolution of bad debts by banks and financial institutions, and easier functioning of asset reconstruction companies (ARCs), the Lok Sabha has passed a bill to amend the existing Securitisation and Reconstruction of

All about Anandiben

Following recent unrest in Gujarat, chief minister Anandiben Patel posted her resignation letter on her official website, linked to Facebook and Twitter. As the BJP parliamentary board decides over her resignation, here are a few facts about the t

Draft rules call for timely delivery of service from real estate developers

 The ministry of housing and poverty alleviation has come out with draft rules for agreement plans between the buyer and the seller in real estate projects for union territories without a legislature. As such, the draft rules would be applica

PK Purwar to head MTNL for three months

The appointments committee of cabinet has given the additional charge of the post of chairman and managing director of MTNL to PK Purwar, for a period of three months starting from June 8. Purwar is currently working as director (fi

Government to review NITI Aayog’s proposals for strategic disinvestment

 The government will soon take up proposals for strategic disinvestment of central public sector undertakings, from the list submitted by the government think tank NITI Aayog.  A core group of secretaries on disinvestment, head

IRCTC to offer travel insurance cover of Rs 10 lakh at a premium of Re 1

From September 1, Indian Railway Catering and Tourism Corporation (IRCTC) would offer optional travel insurance to railway passengers, for a premium of just Re 1 while booking an e-ticket. It would be initially introduced on a trial basis, accordi

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