Business
Relief for home-buyers as real estate act comes into existence

Home buyers can heave a sigh of relief, the long-awaited Real Estate (Regulation and Development) Act (RERA) will be implemented from May 1. The catch — only 12, out of a total of 32 states and Union territories, have notified rules.

Highway ministry to monitor liquor ban

Amid speculation on approaching the SC for relaxation of the liqour ban, the ministry has issued an advisory to implement the order.

With merger of 5 banks, SBI emerges as top 50 in world

The State Bank of India has merged its five Associate Banks - State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore besides Bharatiya Mahila Bank - with itself with effect from April 1.

Air travelers hardly needs stamping of hand bags at seven airports

Air travellers will no longer need to get their hand bag stamped with "security checked" at seven major airports- Delhi, Mumbai, Kolkata, Bangalore, Hyderabad, Ahmedabad and Cochin.

Narayana Murthy urged Indian IT companies to hire US locals instead of using H-1B visas

Indian software companies need to stop sending people on H-1B visas and focus on local hiring in the US, Infosys co-founder N R Narayana Murthy said amid rising concerns over Donald Trump administration's proposals to restrict inflow of foreign workers.

Air India to start non-stop flight on Delhi-Washington route from July

Come July and the capitals of India and USA will be linked with a direct flight. Air India will have a nonstop service between Delhi and Washington, three times a week to begin with, on the Boeing 777. And from May, AI will fly direct between Delhi and Copenhagen using a Dreamliner.

A Reserve Bank’s guide for withdrawal and exchange of notes at banks (Dos and don'ts)

The Reserve Bank of India might have said there is enough cash in the country for the exchange of Rs 500 and Rs 1,000 notes, but that has failed to rein in the chaos triggered by a dash of customers. With little money at hand following a shock decision by the government to scrap the Rs 500 and Rs 1,000 banknotes, people have been queuing up in front of banks since early morning for the past two days.

Loophole allows multiple transactions for money exchange of cap of Rs 4000

The government announced a Rs 4,000-cap on exchanging demonetised 500 and 1000 rupee notes for valid money till November 24 , but citizens are managing to make multiple such transactions. With no specific directions on whether the cap was meant as a daily limit, people have been visiting multiple bank branches to exchange their devalued money.

Air India prone to mood swings puts life 200 in peril,pilot grounded

A senior Air India executive commander prone to sudden, psychotic mood swings carried out an extremely unsafe manoeuvre onboard a Delhi-Paris flight on April 28 putting the Boeing 787 and the lives of over 200 passengers and crew at risk.
A panel formed to probe the incident concluded last month that the commander should undergo psychiatric evaluation and thereafter fly only as a co-pilot for six months, during which his behaviour should be under check. 

CPM govt’s land acquisition for Tata Motors for manufacturing Nano was illegal says SC

The Supreme Court on Wednesday quashed the acquisition of 997 acres of land by the CPM-led West Bengal government in 2006 for Tata Motors’ Nano car project. A bench comprising justices V. Gopala Gowda and Arun Mishra said that the acquisition was illegal and void, and failed to meet the requirements under the Land Acquisition Act 1894.

India now the most open economy in the world for FDI: Commerce Ministry

he Union government on Monday radically liberalised the FDI regime by permitting 100 per cent foreign direct investment (FDI) under government approval route for almost every sector, including defence. "With these changes, India is now the most open economy in the world for FDI," said a Commerce Ministry statement. This is the second biggest reform in FDI after November 2015.

Apple iPhone 6s costs much higher in India than US, Singapore

Apple's much-awaited iPhone 6s and iPhone 6s Plus will cost Rs 62,000 for the lowest storage variant and as much as Rs 92,000 for the top-end model, distributors said Thursday. The India prices are much higher than those in overseas markets such as the US and Singapore, which may deter buyers, especially those intending to upgrade from iPhone 6 and iPhone 6 Plus, experts said.

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