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  • 50 cr Indians to get social security cover in 10 years, over 3 phases
    on April 22, 2018 at 6:38 pm

    The Prime Minister’s Office (PMO) has given its approval to the labour ministry proposal on universal social security cover for 500 million workers, including those in the farm sector, seeking to start the process of putting in place a more secure welfare net a year before the general election.The finance and labour ministries will work out the details of the scheme that will require nearly Rs 2 lakh crore when fully rolled out for the lower 40% of the country’s total workforce.The […]

  • Good to vote but not to lead? Why women in Karnataka are getting a raw deal
    on April 22, 2018 at 6:14 pm

    As parties neatly hem their candidate lists for the elections in Karnataka, they all seem to have missed one constituency: women voters.According to the Election Commission, the number of women voters has increased to 2.44 cr now, or about 49% of Karnataka’s 4.96 cr voters. Comparatively, there were 2.13 cr women voters in 2013 and 2.26 cr women voters during the 2014 Lok Sabha elections.Of Karnataka’s 30 districts, five – Raichur, Udupi, Ramanagara, Dakshin Kannada and Kodagu […]

  • AAI-managed 15 profit-making airports likely to be privatised
    on April 22, 2018 at 5:52 pm

    About 15 profitable airports, including the facilities at Chennai and Ahmedabad, could be put under private management in the first such privatisation initiative by the National Democratic Alliance (NDA) as part of the broader government move to enhance India’s aviation infrastructure.“The Airports Authority of India (AAI) has, by the end of last fiscal, about 15 profit-making airports and these would be the first to be put on the block,” a senior government official, who did […]

  • A 14-year-old case might hold the clue on how to bring Nirav Modi back from Hong Kong
    on April 22, 2018 at 5:40 pm

    The Modi government is studying a 14-year-old case to strengthen its justification for asking Hong Kong to arrest Nirav Modi, the billionaire jeweller wanted for fraud, and extradite him to India. The ministry of external affairs (MEA), the Central Bureau of Investigation and the Enforcement Directorate are hopeful about the precedent set by the deportation of businessman Ashok Tahilram Sadarangani from Hong Kong to India in 2004.India has already requested Hong Kong’s Department of […]

  • IPL: Chennai Super Kings beat Sunrisers by 4 runs
    on April 22, 2018 at 3:34 pm

    Hyderabad: Chennai Super Kings beat Sunrisers Hyderabad by four runs in their Indian Premier League match here today. The Chennai Super Kings had set a target of 183 runs for the Sunrisers. SRH skipper Kane Williamson led from the front, scoring 84 runs out of 51 balls, even as wickets kept falling on the other end. Williamson finally lost his wicket in the 18th over to Dwayne Bravo.Rashid Khan did carry on the fight till the end but failed to secure a win, for which he would have to hit a six […]

  • E-commerce think tank to hold first meet on April 24
    on April 22, 2018 at 2:10 pm

    NEW DELHI: The think tank set up by the government to deliberate on issues related to e-commerce sector and cross-border digital trade will hold its first meeting here on April 24.Issues that would be taken up at the meeting include cross border data flow, non-discriminatory treatment of digital products, data localisation, protection and disclosure of source code, desirability of permanent moratorium on payment of customs duty on electronically transmitted goods, and online consumer […]

  • 3GB 4G data for Rs 49: Airtel's latest offer to counter Jio
    on April 22, 2018 at 1:59 pm

    Airtel has launched a new plan to counter Reliance Jio's Rs 49 offer. In the latest offering, Airtel will give 3GB 4G data for one day at Rs 49. On the other hand, Reliance Jio's Rs 49 plan offers 1GB data for 28 days while its Rs 52 plan offers 1.05GB data for 7 days (0.15GB per day). However, the Rs 49 pack is valid only for JioPhone users.The Airtel offer is available for selected customers in selected regions. Customers should check the availability of the plan for their numbers before […]

  • RBI plays white knight; is the worst over for Indian banks?
    on April 22, 2018 at 8:54 am

    Credit cost for banks is expected to remain high due to withdrawal of regulatory forbearance schemes by Reserve Bank of India (RBI). Most PSU banks are expected to report losses and some corporate focused private sector banks are expected to see sharp declines in profits. Higher slippages and provisions will be the main discussions during the March quarter earnings of banks. The accounting of frauds observed in banking and also lack of treasury gains will lead to further pressures during the […]

  • Global central bankers say trade war set to be more deflationary
    on April 22, 2018 at 5:47 am

    By Michelle Jamrisko, David Biller and Toru FujiokaGlobal central bankers sounded the alert that a trade war would leave them worrying more about the economic fallout than any boost tariffs would give to inflation.As President Donald Trump threatens to impose levies on imported steel and aluminum and duties on as much as $150 billion of Chinese goods, uncertainty over global commerce is casting a pall over an otherwise strong outlook.The tensions were a key theme at the IMF meetings in […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • Mobile handset makers lay off sales staff to save costs
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]

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