Jobs fixed to rig freight scam probe -
Josy Joseph, Times of India
Besides eight high profile jobs that Pawan Bansal's nephew Vijay Singla and gang sold off for a fee, several other key appointments in the senior levels of railways in recent months have come under the scanner. Among them is a failed bid by manipulating transfers and postings to subvert the investigation into the evasion of thousands of crores in freight charges by iron ore exporters. |
The emergence of chief digital officer -
Uma Ganesh, Financial Express
Over the last few decades, we have seen multiple avatars of the managers responsible for IT resources in organisations. It began with EDP manager—as the term denotes, were responsible for data processing, largely for accounts and to some extent sales and inventory functions. Then came the avatar of IS managers, when information within the organisation started getting shared and accessed by various people based on which decisions were beginning to be made. |
The rise and rise of MNC R&D -
Sudhir Chowdhary, Financial Express
It began as a trickle and has now transformed into a steady flow. We are referring to the trend of multinational companies descending on Indian soil to establish their research & development (R&D) facilities for next-gen products and services. Initially cost arbitrage was the major attraction, however over time, the quality of Indian engineers has become very high and their ability to contribute to process improvement and innovation has improved tremendously. |
Will the real inflation rate stand up please? -
Rajeev Malik, Business Standard
One macro issue in India that deserves renewed attention is the preference for the wholesale price index (WPI) over the consumer price index (CPI) for tracking inflation. Indeed, the WPI is given much greater importance than the CPI by the Reserve Bank of India (RBI) for calibrating its monetary policy. This is a serious policy faux pas. |
Clean chits -
Sushila Ravindranath, Indian Express
Every dubious finance scheme continues to be called a chit fund by a large section of the media. Genuine chit fund companies are justifiably upset about this. Chit funds have existed in this country since pre-Independence times and are a precursor to self-help groups. The well-known names started small, have grown big over the years, followed tight rules and regulations, and have continued to survive and do well. Registered chit funds come under the chit fund act of 1982. |
Here's why Food Bill will cost more than we think -
Prachi Mishra, Economic Times
The revised, but not yet passed, National Food Security Bill (NFSB) represents a crucial political-economic approach to welfare. But how well do we understand the financial and, more importantly, distributional consequences of the revised Bill? Although the revised Bill is likely to simplify the identification of beneficiaries, financial implications will still be substantial. |
H-1B visas biggest worry; new rules to hit Cognizant and TCS most -
N Shivapriya, Economic Times
Last week, investors cheered Cognizant's robust sales growth and bullish June forecast but the celebration was mixed with caution as 80 per cent of its revenues are derived from the US, leaving the New Jersey-based company extremely vulnerable to the proposed overhaul of the immigration system in the world's largest economy. |
Jet-Etihad Deal: Has government tweaked national policy to pave way for it? -
Binoy Prabhakar, Economic Times
In end April, the Indian government increased air traffic rights with Abu Dhabi by nearly three-fold to 36,670 seats a week in a move that was as sudden as it was audacious. A panel of MPs questioned the government decision in a report tabled before Parliament earlier this week... |
Cyber bank heist spans 27 countries -
Jessica Dye, Joseph Ax & Jim Finkle, Reuters
In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday. The U.S. Justice Department accused eight men of allegedly forming the New York-based cell of the organization... |
Posco closer to iron ore access on SC decision -
Financial Express
South Korean steel major Posco’s planned $12-billion steel project in Orissa cleared a major hurdle on Friday with the Supreme Court order paving the way for it to get a mining licence in the state. The apex court set aside an earlier Orissa High Court order... |
|
|
|
