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Dighi port digital plan in place, Delhi-Mumbai corridot hits the highway

With the completion of a digital plan for Dighi Port industrial area in Maharashtra, the Delhi Mumbai industrial corridor development corporation (DMICDC) project has taken another step forward. According to a statement issued by IBM, whic

Govt policies lag behind industry events, admits TRAI

That there are problems with the government’s policies and regulations regarding the media and entertainment industry is not exactly news. What’s news is officials acknowledging it. And no less an officer than Dr Rahul Khullar, the cha

Govt to hike dearness allowance

In a move that could be detrimental in garnering votes of the central government employees in the upcoming general elections, the government has decided to  hike their deaness allowance from existing 80 percent to 90. The intended move could

BHEL to the rescue of stranded power projects

In a bid to ease some pressure off the power projects which are stranded due to difficulties in securing fresh loans or are facing delays in getting fuel supplies, Bharat Heavy Electricals (BHEL) has offered to pick up some of their equity stakes.

RBI goes tough on online forex trading

Those undertaking forex trading transactions using debit/credit cards, beware! The Reserve Bank of India has directed banks to close accounts of customers undertaking such transactions that have been banned.  In a notification issued

Indians miss the point about Miss America: She`s not us!

What’s the big fuss about? An American has won the Miss America title. So good. I am happy for Nina Davuluri whose first statement on being crowned was, “I am an American.” Right on, lady, you are. So why are all t

Mahila Bank begins its recruitment drive

As the first public sector bank exclusively for women is set to begin operations from November, it has started with its first phase of the hiring process. In its first advertisement for the post, the Bharatiya Mahila Bank (BMB) has posted 115 vaca

PM to inaugurate NTPC project

Prime minister Manmohan Singh is all set to inaugurate NTPC’s proposed Rs 30,000 crore Lara power plant in the Raipur district of Chhattisgarh which will help the region become self-sufficient in terms of power on Thursday. During this visit

`STs face most discrimination in central govt jobs`

When it comes to discrimination in jobs at the central universities, people from the Scheduled Tribes (ST) are the most discriminated-against section, it has emerged. According to the latest study done by Delhi-based think-tank Asian Centr

Supreme court rules in favour of GAIL

The supreme court overruled the Gujarat high court and has allowed GAIL (India) to go ahead with its decision to terminate contract with the state-owned oil and gas exploration company, Gujarat State Petroleum Corporation (GSPL), for providing nat

CIL to lose 1.5 million tonnes of production daily if stir strikes: union

The state-owned Coal India Limited (CIL), the largest coal producer in the world, stands to lose production worth 1.5 million tonnes on average every day if the workers’ union goes ahead with a proposed three-day strike next week against the

MTNL union agrees to govt’s pension funding plan

The employees union of Mahanagar Telephone Nigam Ltd (MTNL) has agreed to the government’s proposal to bring their pay scales at par with their counterparts in Bharat Sanchar Nigam Ltd (BSNL). This will be done at the time of next wage revis

Public reporter: Why govt shouldn`t pay for babus` overseas medical bills

According to a new rule by ministry of personnel, bureaucrats and their dependent family members can now get complex medical treatment abroad at state expense and also get their airfare reimbursed. Public reporter Mahendra Goel writes to the p

Nilekani the MP can`t do any better than other professionals in politics

Nandan Nilekani is a man most of educated India respects. As co-founder of Infosys and later its chief executive officer after fellow founder and mentor Narayana Murthy’s exit, he is among those who shaped the Indian IT dream.

A look at how SBI is preparing to be State Bank of World

All may not be right and bright with the world, and Indian economy, but the UPA government is going full steam ahead. Stung by China, which in a decade or so has seen four of its banks in the list of top-10 biggest global banks, the Manmohan-Chida

Dear Miss America, no offences but little reason to blame Bollywood if it doesn`t want to cast you

By becoming Miss America, Nina Davuluri, an American woman of Indian descent and who wants to ostensibly become a cardiologist, has inadvertently set a thousand tongues and twitter handles rolling, and set the media – both the social and pre

HUDCO releases to Rs 750 crore a tax-free bond issue

Housing and Urban Development Corporation (HUDCO) has come out with a tax-free bond issue in the nature of secured, redeemable, non-convertible debentures amounting to Rs 750 crore with an option to retain oversubscription up to Rs 4,809.20 crore.

Air India to gain Rs 1,500 crore through its land monetisation

State-owned national carrier Air India is set to surpass its revenue target from asset monetization programmes in the current financial year. The cabinet secretary Ajit Seth recently cleared the way for sale of a prime plot of land on Delhi’

Make digitization of all insurance policies mandatory, says FM

The finance minister P Chidambaram has asked the insurance regulator to come up with a time frame for mandatory digitization of insurance policies. According to a report in The Hindu, Chidambaram said that the digitization process of both

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