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Auto sector slowdown hits scrap dealers, micro units in Coimbatore -M Soundariya Preetha

-The Hindu Production in foundries supplying castings to the automobile industry has dropped considerably In Coimbatore, where a large number of industrial units and foundries are working in the automobile sector, the slump in vehicle demand is impacting several businesses indirectly. A micro industry with just two CNC Machines, doing job work, used to earn nearly ?10,000 a week from selling scrap. This income has reduced steeply in the last couple of months...

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SBI aims to eliminate debit cards to boost digital payment solutions

-PTI SBI Chairman said there are around 90 crore debit cards in the country as against 3 crore credit cards, and pointed out to digital solutions like its own 'Yono' platform as the key for achieving a debit card-less country. Mumbai: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote...

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Why VVPATs aren't enough to build confidence in EVMs -Atanu Biswas

-Hindustan Times Still, doubts about EVMs have been planted, despite the fact that none of the Voter Verifiable Paper Audit Trail (VVPAT) Machines showed a mismatch with the EVM count. Two months after the declaration of Lok Sabha election results, conspiracy theories about possible tampering of Electronic Voting Machines (EVMs) are still doing the rounds. That important opposition leaders have demanded a return to paper ballots and even openly supported EVM-rigging...

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Industry needs 'national innovation system' -Santosh Mehrotra

-The Hindu Business Line India’s manufacturing needs higher investment in education and R&D to become self-reliant and technologically competent The share of manufacturing in India’s GDP has stagnated at 16 per cent since 1991, despite economic reforms. No country ever became a manufacturing force without (a) a design capability; and (b) an institutional system that incentivises and sustains innovations. India needs a system to develop human and technical capabilities at both the...

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Centre Announces 'One Nation, One Ration Card' Plan for PDS Beneficiaries

-TheWire.in Food minister Ram Vilas Paswan aims to implement the plan across the country in a year. New Delhi: The Centre has announced plans to roll out a ‘one nation, one ration card’ system which will aim to make sure that a beneficiary is able to avail herself of the Public Distribution System (PDS) – no matter which part of the country she may be in. The measure, intended primarily to benefit migrant...

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