In his maiden review of monetary policy, Reserve Bank of India (RBI) governor Raghuram Rajan surprised many with the rate hike on Friday. The apex bank governor raised the repo rate under the liquidity adjustment facility (LAF) by 25 basis points
In order to encourage sportspersons, serving in various central ministries and departments, to excel in national and international sporting events, the government has revised their personal pay structure. With effect from September 1, the
UR Ananthamurthy is a very impassioned man. He wants to leave the country if Narendra Modi becomes the prime minister. Okay, that could be a bit of an interpretation. According to PTI, here’s what he said at a book release function in Bangal
Mamata Banerjee may have finally realised that populist measures might win you votes but does not create much. So, having been a staunch critic of acquisition for industry during the Left Front administration – an opposition that helped her
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
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
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
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.
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
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
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
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
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
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.
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
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.
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’
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
Interviews with Gujarat chief minister Narendra Modi are few and far between. Even those run on familiar lines. Sooner or later the interviewer pops the forbidden riots question and the interview comes to an abrupt end. This interview breaks t
