-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
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President expected to sign ordinance on Food Security
-PTI NEW DELHI: President Pranab Mukherjee is expected to sign the ordinance on food security on Friday. The President's Secretariat received the ordinance at 10pm on Thursday night. It will be given to the President for his consideration once he returns from IIT-Kanpur later in the day, Rashtrapati Bhavan sources said. Brushing aside political opposition, government had on Wednesday decided to issue the ordinance to give nation's two-third population the right to get...
More »Ecological concerns will be studied after rescue work
-PTI Chennai: With environmentalists citing ecological degradation as the reason for the natural disaster in Uttarakhand, the Centre on Sunday said it would take stock of the situation and study such concerns once rescue operations were completed. "We have to wait till the rescue operations are over and then we have to take stock of the situation before we decide on anything," the Union Environment Minister Jayanthi Natarajan told reporters in Chennai. She...
More »50 Metro stations at high risk: UN study -Pradeep Thakur
-The Times of India NEW DELHI: Lessons have not been learnt from past disasters, it seems. Delhi Metro, which ferries over two million passengers a day, is on a high-risk earthquake and flood zone and may lead to a huge loss of life in case of a disaster, says a recently released UN report on disaster risk reduction. The Global Assessment Report (GAR), released by the United Nations office on disaster risk...
More »Naveen Patnaik gifts mobile phones to 5,000 farmers
-The Times of India BHUBANESWAR: Chief minister NaveenPatnaik on Tuesday distributed 5,000 mobile phones to farmers saying that the instrument would help them plan farming, track market price of various agricultural produce and weather. Officials said IIT-Kanpur had provided the multi-application technological support using which farmers can get the required information through voice call and SMS in local language. "Information will be obtained free and the recurring mobile call expenses, whatever, would...
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