Home » 2016 » January (Page 3)

RBI tells banks to replace defective 1,000-rupee notes

Out of 300 million defective banknotes that were printed in one of the printing presses of government-owned Security Printing and Minting Corporation of India, about 100 million of those notes have hit the market leaving the general public in a tizzy. About 200 million pieces were transferred to...
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Government to introduce startup blueprint this month

The government, in two weeks, will unveil a blueprint for startups to ease the process of setting up new ventures. Prime Minister Narendra Modi will release the blueprint of ‘Start Up India’ programme which may include a Startups and Entrepreneurship Law to make it easier for setting up...
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Toshiba JSW Power Systems defers expansion plan

Toshiba JSW Power Systems has deferred the expansion plan of its turbines and generators manufacturing facility in Manali, near Chennai, at least for the next two to three years as it wants to build a meaty export order book, a top official said. Talking to The Hindu, Toshiba...
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Investment in technology key to CAMS growth: CEO

CAMS manages vast data for mutual funds, private equity, banks, NBFC, insurance companies and even brokerages. As mutual fund investments are long-term in nature, technology platforms business processes and controls are designed to protect the interest of investors. This includes special processes for managing dormant investor accounts, minor...
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Government electrifies 20% more villages

The government has electrified 20 per cent of the villages that were without power at the start of this financial year, according to an analysis by The Hindu of the data provided by the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY). As of January two,2016 the DDUGJY had electrified...
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Passage of GST Bill likely in next session

The government is hopeful of the passage of the Goods and Services Tax Bill in the Budget session of Parliament, when the numbers in the Rajya Sabha will swing in its favour, according to Union Finance Minister Arun Jaitley. “Halfway through the next session, the numbers in the...
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DBT in kerosene welcome but implementation key: experts

The government’s push towards implementing direct cash transfers for kerosene subsidies is a welcome move but implementation remains a key concern, according to experts. “Such a move will certainly improve the targeting of the kerosene subsidy at a time when around half of the kerosene is currently being...
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