-The Economic Times The Research and Analysis Wing (RAW), India's overseas intelligence agency, has told the Central Bureau of Investigation and the Enforcement Directorate that it has unearthed hawala transactions allegedly linked to former telecom minister A Raja. RAW has written to the investigative agencies - the communication was sent at the end of July - asking them to take "necessary action", a top government official told ET on condition of anonymity. The...
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2-year leave for childcare-Ananya Sengupta
-The Telegraph Women workers employed in central government industrial units can now take leave for up to two years to look after their kids. A circular issued by the ministry of personnel and training on August 1 has put women workers at these units on a par with their counterparts at industrial defence establishments, at least as far as getting time off for childcare is concerned. Last year, the Sixth Pay Commission had...
More »Inflation, poor monsoon hit consumption in eastern India-Shine Jacob & Nirmalya Behera
-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...
More »Bengal set to move SC on Singur law-Samanwaya Rautray
-The Telegraph The Bengal government is expected to move the Supreme Court “in a day or two” against the Calcutta High Court verdict that set aside the Singur land law, a senior lawyer said today. The state government as well as the West Bengal Industrial Development Corporation (WBIDC) are set to file the petitions in the apex court, according to the lawyer. A Calcutta High Court division bench had on June 22 overturned...
More »Delayed monsoon powers sales of inverters, batteries-Sarita C Singh
-The Economic Times Sales of inverters and batteries jumped about 30% for the quarter to June, as a delayed monsoon pushed up power consumption in energy-deficient India. Manufacturers of power backup systems say they expect good profits this year, as the increase in sales will offset the rise in input costs due to a weak rupee. The country's largest battery maker Exide Industries said growth was robust despite a 4%-5% rise in prices....
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