-Outlook The government has approved the National Policy on Information Technology, which aims to make at least one individual in every household e-literate among other objectives, DEITy Secretary J Satyanarayana said today. "The IT policy has been cleared by the Government of India recently and the Policy addresses a number of issues regarding the development of the ICT sector and using it for the growth of the country, not only from the...
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India's 7,730 super rich collectively own $925 bn: report
-PTI However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which...
More »Left, right united in opposing retail FDI
-The Times of India The government is facing a pincer attack over its reform decisions with opposition parties ranging from BJP to the Left planning nation-wide protests, possibly on the same day, against UPA-2's bid to allow FDI in sectors like multi brand retail and civil aviation. Regional parties like Samajwadi Party and Janata Dal (U) also joined the chorus of protests, demanding a rollback of the hike in diesel prices along...
More »Back to the farm
-The Indian Express Wage growth in agriculture outpacing that in industry is a bad sign for the economy Against a 63 per cent rise in industrial wages in a 10-year period, agricultural wages in the harvesting season have risen by 117 per cent, according to data released by the agriculture ministry this week. The difference in the rise in wages in the two sectors, from comparable bases, is not a statistical artefact....
More »Bill for land gives true value -Mihir Shah
-The Hindu The draft law on acquisition strikes a balance between development and justice for those who will be displaced in the process India is a rapidly industrialising economy and society with intense demands for better infrastructure from its people. The last 20 years have seen a great acceleration in this process, with India becoming one of the world’s fastest growing economies. However, for those whose lands were acquired for these purposes...
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