In line with finance minister Pranab Mukherjee’s budget announcement on Monday that the government is looking at direct cash transfers as an alternative to the current subsidy on kerosene and fertilizers and to prevent leakages, the Unique Identification Authority of India (UIDAI) is planning to open Aadhaar-linked bank accounts for the purpose. These can be used for other financial transactions as well. The authority is in the process of empanelling banks...

In yet another step towards modernising India's postal services, Union Communications and Information Technology Minister KaPIL Sibal on Wednesday launched ‘e-post office,' the e-commerce portal of India Post that will provide various postal services online. ‘Transact anytime' “Earlier, consumers used to go to service providers but now services providers are going to consumers… this is the future of the 21st century. The portal will enable customers to transact postal business anytime and...

The government is looking at allowing foreign direct investment (FDI) in multi-brand retailing as part of a slew of measures to make India more attractive to overseas investors. Senior government officials told TOI that the thinking was that a gradual opening up would be a better strategy with global chains first allowed to open stores in metros, while wholesale cash-and-carry being limited to smaller towns and cities, at least for the...

He will pass out of one of the most sought-after B-schools of the country. While 332 of his friends will get into those cushy jobs, he will work closer to Mother earth — working with farmers and help them produce export-quality fruits and vegetables and finally export them. Ashutosh Sawant, a PGP second year student, has started a firm which looks at exporting frozen fruits like alphonso mangoes, frozen strawberry, pomegranate...

A recent advertisement by the Bihar government to hand over the implementation of MGNREGA to non-government organisations has attracted the state’s attention. About four months ago, the state was asked by the Centre to withdraw a similar move. The state officials are now studying the tender document made public by the Bihar government for MNREGA and Indira Awas Yojana to counter the objections of the Union Ministry of Rural Development. The ministry...