Category Archives: Latest News

Moody’s downgrade SBI’s stand-alone rating!

Moody’s downgrade SBI’s stand-alone rating!

Moody’s has downgraded stand-alone rating of State Bank of India, to D+ from C-. The downgrade of the PSU bank’s financial strength rating from the global credit rating agency has come just ahead of the second quarter results on the back of its weakening asset quality. A statement from Moody’s says: “Moody’s Investors Service has…Continue Reading

Say No to Plastic carry bags, says Delhi!

Say No to Plastic carry bags, says Delhi!

Say No to Plastic Bags – the Delhi government is mulling a blanket ban on plastic bags in next couple of months in a bid to lessen our environmental footprint. The long-awaited anti-pollution initiative from the government is imposed under the Environment (Protection) Act, 1986, which regards manufacture, storage and sale of plastic bags as…Continue Reading

Latest Android OS-run HTC Explorer smartphone!

Latest Android OS-run HTC Explorer smartphone!

HTC has unveiled the HTC Explorer in the affordable smartphone category. The compactly design handset comes with 3.2” TFT capacitive touch screen with 320 x 420 resolution, 3MP auto-focus camera and 32GB expandable microSD card; powered by 1230 mAh Li-ion battery. Priced at around Rs.12000 in an effort to woe first time smartphone users and…Continue Reading

India’s first AC double-decker Railway Train!

India’s first AC double-decker Railway Train!

Indian Railways passengers can now travel in air-conditioned double-decker chair-car train between Howrah and Dhanbad. The superfast train will stop at Bardhaman, Durgapur, Asansol, Barakar and Kumardubi. This indigenously designed train, which runs on diesel traction, will include nine coaches with 7 AC double-decker chair-cars comprising of 128 seats per coach and a couple of…Continue Reading

How realistic is Rs.32 BPL yardstick?

How realistic is Rs.32 BPL yardstick?

The Planning Commission is likely to tweak the Rs.32 definition of poverty set to differentiate between people from below poverty line (BPL) living standards. The Planning Commission has decided to revisit the BPL boundary at a meeting on October 3. The BPL spending threshold calculation of Rs.32 per day in cities and Rs.26 a day…Continue Reading

New Mining Bill 2011 negative for Coal India!

New Mining Bill 2011 negative for Coal India!

The Union Cabinet has approved the draft mining bill that would not require profit-sharing with local communities and royalty payments to advocate “sustainable and scientific” mining across the country. The proposed bill mandates give away of 26% profit pie of coal miners towards the welfare of the tribes and displaced population in the region. This…Continue Reading

Part-time jobs not lucrative for 46% Indian workforce!

Part-time jobs not lucrative for 46% Indian workforce!

As much as 46% Indian employees are less inclined towards part-time jobs as an unfavorable career option, according to a quarterly review of mental mobility measure of employees conducted by Ma Foi Randstad Workmonitor Survey 2011 – Wave 3. While Bangaloreans are least skeptical about grabbing a part-time job, little less than half of Indian…Continue Reading

Latest News India: Sikkim Earth quake, Narendra Modi, Pranab Mukherjee, Interest Rates, Petrol prices…

The latest news in India is that a powerful earth quake, measuring 6.9-magnitude, has rocked Sikkim and huge territories of north-eastern India and Himalayan region, triggering death casualties of at least 36 people and causing power cuts and infrastructural problems. Monday also marks the last day of Narendra Modi’s “Sadbhavna” fast aimed at spreading peace…Continue Reading