Central pension plan NPS finally gets a boost The ‘New’ NPS     Measure: Improve incentives for distributors. Has been recently implemented.     Impact: Was required. But won’t be enough, need consumer education to build volumes.     Proposal: Increase fund management fees with an option to lower later.     Impact: Under consideration. But finance ministry unhappy with increase in costs.     Proposal: Relax the norms to appoint more fund managers to increase distribution.     Impact: Unlikely. At...

Like many board games that were developed in India, of which chess is perhaps the most important and famous, the game of “snakes and ladders” too emerged in this country a long time ago. With its balancing of snakes that pull you down and ladders that take you up, this game has been used again and again as a metaphor for life, telling us about our fortunes and misfortunes, and...

Sending a clear message that the 2G spectrum allocation of 2008 is a scam and not the result of a government policy decision, the Supreme Court today quashed the grant of 122 UAS licences and allocation of spectrum to 12 private companies. Even as the trial in the 2G case progresses in a Patiala House trial court in Delhi, a bench of Justices G S Singhvi and A K Ganguly held...

In the case against Google and Facebook for posting “objectionable content” on their websites, petitioner journalist Vinay Rai’s counsel H Hariharan argued in the Delhi High Court (HC) on Thursday that Google could not cite the country’s information technology laws and seek exemption from censoring content since it modified the content on its website to “generate business”. Hariharan argued that Google India could not get exemption under Section 79 of the...

Opposing the West Bengal government's proposal to do away with the right to strike of its employees, major Central trade unions have decided to support the government employees' unions in their agitation for protection of their rights. Describing the comments of State Labour Minister Purnendu Basu as unfortunate, Gurudas Dasgupta, general secretary of All India Trade Union Congress (AITUC) and MP of the Communist party of India (CPI), said the right...