CITIZENS' ISSUES


Aiming to enhance the distribution network for mutual funds, SEBI has allowed mutual fund schemes to be routed through stock exchange brokers. Are brokers equipped to handle an entirely different business? Market watchdog Securities and Exchange Board of India (SEBI) has enlisted the services...

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A year after the deadly terrorist carnage of 26 November 2008, Mumbai’s landmark hotels which were bruised and battered by the brutal attacks have not let the aftermath kill their ‘Athithee Devo Bhavo’ attitude. On 26 November 2008, the city of Mumbai was witness to a series of deaths and...

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Petitioner seeks court declaration of SEBI’s suppression of Final Orders as illegal, also demands details of investigation against CSDL  Just days after the Andhra Pradesh High Court heard a PIL against SEBI for allegedly suppressing a series of final orders in connection with the 2004-05 IPO...

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I remember a joke about an engineer and a politician debating on who is more productive and result oriented among them. The engineer claims since he has organised everything in a proper order across the world which was in a mess, he is more efficient. The politician simply says, but tell me who...

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Here is a piece of great news for the airline industry. Qatar Airways has become the first carrier to fly an Airbus A340 plane on natural gas fuel. The plane is powered by Rolls-Royce engines using a 50-50 blend of synthetic gas-to-liquids (GTL) fuel. That will cut down sulphur, corrosion,...

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  Young graduate student Buddhi Vikram is still languishing in US prisons since 2006 for allegedly sending threat mails to the then President George Bush and all efforts of his father, another IIT alumnus, to garner support have failed. The IIT alumni were supposed to take up Vikram’s case with...

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For those who access the Internet over wireless here is some bad news. The Indian government has issued instructions to all Internet services providers to keep a record of each and every user using the Wi-Fi Internet, similar to records kept by cybercafés. This recordkeeping is so difficult that...

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Technology company NCR Corp said it processed about 1 million instruments on Wednesday using its image-based cheque clearing solution implemented for the Reserve Bank of India, which NCR claims is a record.   "This is the first step towards introducing electronic cheque clearing in our country...

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  NASSCOM has called for a speedy police enquiry into the case of alleged illegal sale of private medical records through IT companies in India. The case was busted in a sting operation by a British television news channel. “It is vital that medical records and other sensitive data are kept...

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Suven Life Science’s focussed approach on drug discovery in the central nervous system (CNS) is helping it make more headway than any other research company in the drug industry. Suven has recently secured a product patent for its new molecule SUVN-502 from India, Mexico, South Africa,...

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Despite a much improved market scenario, real estate inventories are piling up with builders. Undeterred, they are launching new projects. In the second quarter of this financial year (Q2 FY10) inventories have gone up by 20%. Last quarter (Q1 FY10) the inventories in six cities (Mumbai, NCR...

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Prozone Enterprises (P) Ltd, a retail real estate development company and a wholly owned subsidiary of Provogue India, will be earning lease rental revenue of Rs 40 crore-Rs 50 crore per year from the first mall at Aurangabad, assuming that the lease rental is between 6%-10% of total annual...

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'Unauthorised development' in Delhi was given official protection instead of punitive action by the Delhi Government through Section 3(2) and (3) of the National Capital Territory (NCT) of Delhi Laws (Special Provisions) Act, 2009, says Shailesh Gandhi, a central information commissioner (CIC)...

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So you have called it a day. Where would you choose to live after retirement? International Living Magazine has ranked countries which make for top retirement destinations on the basis of seven categories: real estate, special benefits, cost of living, culture, health, infrastructure...

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While the teachers of the high-profile Indian Institutes of Technology and Indian Institutes of Management are demanding performance-linked incentives and allowances for qualified senior faculty, there is trouble brewing at many other institutions of international repute. One such place is ISI,...

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Organised theft of all sorts is a well-defined industry worldwide, with its own rules and regulations. While media reports of car thefts are few and far between, a group of car thieves in India admitted to learning the art of selling stolen cars and then stealing them back in a few hours in a...

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Even the government is clueless about the tax levied on our roads and highways Believe it or not, the Ministry of Road Transport and Highways, the government authority overseeing all roads and highways, does not have the faintest clue on  the real picture, on an all-India basis, about...

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Sucheta Dalal on a brazen and audacious scam at Stockholding Corporation of India As financial scams go, this would have been really big if it were not nipped quickly by direct intervention of the Prime Minister’s Office. There has hardly ever been a case of the top brass of a well-known...

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