-First Post It is impossible to talk about Indian publishing without discussing Samir Jain, whose invisible hand guided The Times of India group to become India’s – and probably the world’s – most profitable media company. Despite its relatively small size in the global league (Rupert Murdoch’s NewsCorp is 20 times bigger in terms of revenues), Jain’s Bennett, Coleman & Co Ltd (BCCL) packs a huge punch and is Indian publishing’s...
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SC seeks clarification on legal sanctity behind FDI in retail -Dhananjay Mahapatra
-The Times of India The Supreme Court has sought clarification on legal sanctity behind the Union government's policy decision to allow FDI in retail sector. The apex court said that policy decisions are in the sole domain of the government, but kept a PIL for hearing on October 12 as the petitioner argued that the recent FDI policy decision was not in consonance with RBI-framed regulations under FEMA. The SC, however, refused to...
More »How does National Pension Scheme work?
-The Economic Times Anyone between 18 and 55 years can join National Pension Scheme. There are three intermediaries: A point of presence to collect funds, a fund manager to handle investments based on your decision and a record-keeper to keep track of your investment. You can select your fund manager from a list of seven - UTI, LIC, SBI, IDFC, ICICI Prudential, Kotak Mahindra and Reliance Capital. Annual portability is allowed free of...
More »Who moved my poverty report? (Please save your copy fast)
Remember Arjun Sengupta Committee Report? It’s the same report which put paid to government’s shifting poverty estimates by asserting that almost 80% Indian survive on less than Rs 20 per day. Known as the National Commission for Enterprises in the Unorganized Sector (NCEUS), the report has gone missing from the public domain. The official website of NCEUS is no more working: http://nceus.gov.in, raising doubts regarding someone, somewhere trying to hide...
More »Medicines should be within reach of common man: SC
-IANS Protecting the interest of the common man, the Supreme Court Wednesday told the government not to disturb the existing retail price mechanism of drugs under the price control order while finalising the list of essential medicines. The judges observed that the prices of the drugs were so high that it left the patient with the option of either to die or buy medicines by selling one's land or ornaments. "The common man...
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