The head of the state-owned refining and marketing company has cautioned that the timing to disinvest 10 percent of government equity is not right due to the "prevailing uncertain environment". According to a news report publishe
Ever since his third electoral victory in Gujarat last December, Narendra Modi has been going places. After his formal nomination as the main opposition NDA’s prime ministerial candidate, his travel schedule has become only more hectic. In t
If you are a student and a criminal case has been filed against you, you will be rusticated. You can actually be rusticated for much less. If you are employed and arrested in a criminal case, you will be automatically suspended and might even lose
A day after the Reserve Bank of India (RBI) released data pegging the current account deficit at 4.9 percent of GDP, the finance ministry jumped in to assuage fears saying that the CAD for the 2013-14 fiscal would not exceed the red line of 4.8 pe
Rashtriya Ispat Nigam Ltd. (RINL) has awarded the order to modernize its blast furnace at the Visakhapatnam Steel Plant to Siemens Ltd. According to a news report in The Hindu Business Line, the modernisation is expected to boost the furna
Minister for corporate affairs Sachin Pilot says that the new policy on corporate social responsibility (CSR) would benefit both the community and organizations. He emphasized that the government was keen to adopt a very flexible approach and indu
Following the commissioning of a power plant in Tripura, the state owned Oil and Natural Gas Corporation of India (ONGC) is planning to set up a fertiliser or power plant in Maharashtra. A senior company official said that the plant will utilise t
Lalu Prasad Yadav has been convicted for his role in the fodder scam, and has lost his membership of the Lok Sabha. Is it time for his political obituary? No, don’t write him off yet and – who knows – he may even emerge stronger
Indian diplomacy was at its worst last week. It conducted the PM’s visit to the US as if he was attending a seminar on economics in Neemrana. If India is a superpower (perennially waiting to happen), it came across, on the one hand, as a cou
The government will kick-start its stuttering disinvestment programme in the first week of October but it is likely to scale back the target for the current fiscal. The finance ministry, in consultation with its disinvestment department, i
Under a new arrangement, state owned financial institutions like rural electrification corporation (REC), power finance corporation (PFC) and the state bank of India (SBI) will be disbursing loan sanctioned for projects directly to BHEL.
KV Satyanarayana, additional chief secretary, government of Tripura, inaugurated the day-long state consultation workshop on e-governance in Agartala on July 10. Congratulating the state for taking giant leaps in the development of e-governance, S
As Lalu Prasad was found guilty for his role in the fodder scam, here is a recap of a series of revelations which not only proved his culpability but also show how he tried to shield the accused and derail the investigation at every at every step
Three IAS officers face axe for incompetence under a rule pushed by prime minister manmohan Singh last year to weed out non performing officers of the all india service (AIS), Hindustan Time reported today. According to the report, the ex
The government of Kerala set up Akshaya centres in 2002 to combat ‘digital divide’ in the state – way before the central government came up with the concept of the common services centres (CSCs). The decision to set up Akshaya ce
As the country’s largest bank State Bank of India prepares to bid farewell to its present chairman Pratip Chaudhuri on Monday, it is looking at the prospect of being headed by its first woman chairperson Arundhati Bhattacharya, currently the
In light of the various malpractices that have recently emerged in the banking and insurance segments, the Competition Commission of India (CCI) has undertaken a study of the functioning of the country’s expanding financial sector.
Terming the new Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act 2013 humane and in national interest union minister for rural development, Jairam Ramesh on Sunday allayed industry fears that the
A CBI court in Ranchi on Monday convicted former Bihar chief minster and RJD leader Lalu Prasad in the in the multi-crore fodder scam case. Following the verdict, Lalu faces immediate disqualification as a Lok Sabha member as per a supreme
We assume that knowledge, learning and professionalism are what make the difference between an “extractive” policracy and a “developmental” one. This builds on the modern Indian tradition of education being the path to prog
