Western Union launches promotional scheme for online remittance

Consumers in the US can use the website to send money to family and friends in India using their bank accounts without incurring a transfer fee


Mumbai: Global payment service provider Western Union announced a money-saving option for people in the US who want to send money online to their relatives in India, reports PTI.

Consumers in the US can use the website to send money to family and friends in India using their bank accounts without incurring a transfer fee, Western Union said in a release issued here.

“Our consumers want convenience and helps deliver on this need, because people can do business with us anytime, day or night,” Western Union's senior vice president and general manager digital Khalid Fellahi said.

Western Union is offering a no transfer fee option for a limited period, as part of its promotional scheme.


President: Pranab first choice of Congress, Ansari second says Mamata

Mamata Banerjee and Mulayam Singh Yadav are apparently coordinating their efforts to extract financial packages for West Bengal and Uttar Pradesh from the UPA


New Delhi: Ending days of suspense, Congress President Sonia Gandhi on Wednesday made it clear that Finance Minister Pranab Mukherjee was her first choice for Presidentship and Vice President Hamid Ansari was also in the reckoning, reports PTI.

Gandhi revealed her mind to Trinamool Congress chief Mamata Banerjee who gave no commitment of her party's support, saying that she would convey her position after discussions with Samajwadi Party leader Mulayam Singh Yadav and her own party.

"We had detailed discussions.... Soniaji told me that she had held meetings with two-four allies and her first choice (for Presidentship) is Pranab Mukherjee and second choice is Hamid Ansari," Banerjee told reporters after her 30-minute meeting with Gandhi.

The West Bengal Chief Minister said she told Gandhi that "at the moment, I cannot say anything. We need to discuss with Mulayam Singh and my own party. Then only we can say something."

Banerjee, whose party is a crucial constituent of the UPA, later met Yadav for the second time since last evening.

The Trinamool chief and Yadav are apparently coordinating their efforts to extract financial packages for West Bengal and Uttar Pradesh.

However, prior to her meeting with the Congress chief, Banerjee insisted that her demand for a three-year moratorium on payment of interest on central loans was not linked to her party's support to the UPA nominee in the Presidential polls.

"No, no, no. Support (to UPA in Presidential polls) is not linked to financial package to the state. Both are two different things," she told reporters.

"Whenever I come to Delhi, these kind of rumours and gossips are planted by some quarters. These are plantations. Plantations not of trees but plantation of rumours," she said, adding "I condemn this circulation of rumours," the Trinamool Congress chief said.

Banerjee said West Bengal was in a precarious situation financially due to the policies pursued by the previous Left Front government and hence she had sought a moratorium on payment of interest for three years.

She said the demand for moratorium was a year-old and not linked to the Presidential polls.

"I have sought a moratorium on payment of interest (on Central loans) for three years and this debt burden is not my creation. Unless there is a moratorium, how will we run the government," she said.

"Whatever the state earns goes in repayment of interest.

It is a very precarious situation. Please don't link it with Presidential elections," Banerjee said.

Sources in Samajwadi Party said its leadership was inclined to support candidature of Mukherjee for the next President.

Yadav is understood to have told party MPs recently that he personally would prefer Mukherjee but a final decision could only be taken after Congress officially comes up with a name.


Narayana Murthy, Premji express anguish over policy paralysis

While the top business leaders have expressed anguish over current state of the country's status and economy, the ruling Congress dismissed the comments saying the opinions of businessmen represent a class interest


New Delhi: Amid growing perceptions of policy paralysis, top industry leaders have come down heavily on the current state of affairs in the economy, saying that India's image seems to have taken a hit, reports PTI.

Top business leader NR Narayana Murthy, co-founder of home-grown global IT giant Infosys, has said, "Over the past 3-4 months, India's image seems to have suffered. As an Indian, I feel very sad that we have come to this state."

Another IT major Wipro's Chairman Azim Premji has said that "we are working without a leader as a country. If we do not change, we would be down for years."

The comments from the two leaders come amid warning from the global agency Standard and Poor's (S&P) that India risks losing its 'investment grade' rating due to "slowing GDP growth and political roadblocks to economic policy making".

In an interview published by global investment banking giant Morgan Stanley on Monday, Murthy also said that India was suffering from challenges that were self-inflicted.

"Unfortunately, we have created these challenges ourselves. It is self-inflicted. There is nothing coming from outside. The good news is we can correct it. We have done enough damage but could end up doing more damage," he said.

Premji also made his comments during a conference call with equity analysts on Monday -- also the day when S&P warned of downgrading India's rating to junk status.

While the government has already rejected the concerns raised by S&P, Congress MP Mani Shankar Aiyar today said Premji and others are "representing a class interest and the Government of India represents a national interest".

He further said these are the same people who were praising the same leadership and because they have some problems now that they have "started screaming to the skies".



kiran mokashi

5 years ago

this is sheer highway robbery one cannot expect this inept govt to do anything about it.where can one find the generic versions can u publish the names and selling points of these generic medicines

H M Belani

5 years ago

The Essential Drugs Story in Bangladesh is a Great One and the interview below is just an overview. Its details should be better publicised in India.


5 years ago

There is a direct link between these mark=ups and the kick-backs that these companies are known for. In addition, any resolute government officer from any of the many government departments who even tries to solve this mess is immediately moved on.

I think the last line in the article says it all.

Dr David Hill

5 years ago

Most drug companies have no empathy with society, they look on it as just a big cash cow. If ethics and humane characteristics came into the equation more (which they do but at probably only around 0.1% of their mindset), the pharmaceuticals would be better placed for this century where full empathy of corporates will become more prevalent to the world populous.

A very interesting web-link to how many of the big drug companies operate and have their roots is,
It about time that the world learnt more about how they operate and which is mainly covertly.

It makes interesting reading for the public-at-large and where for obvious reasons it has been constantly suppressed over the years by powerful vested interests.

Dr David Hill
World Innovation Foundation

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