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Finance ministry suggests closure of BSNL, MTNL: Report

The finance ministry has recommended the closure of struggling telecom companies BSNL and MTNL, Financial Express has reported. The cost of closing the two state-run companies would not be as high as Rs 95,000 crore, a number put out by the Department of Telecommunications while asking for a bailout package, the report said. The sum of Rs 95,000 crore factored  in a ... Read More »

15th Finance Commission terms tilt fiscal scales in favour of the Centre

The challenge has been to achieve this without unduly damaging state government incentives for raising their own revenue, and for spending with profligacy. (Reuters) The current ruling coalition has shown a propensity for bold moves in its attempt to reshape India’s polity and society to match its vision of the nation. The economy has sometimes received similar treatment, with the ... Read More »

Putting local actors in the driving seat of climate finance

Food security is an increasing challenge in Nigeria, with 54% of households food insecure in 2016. Production is largely dependent on natural environmental resources like fertile land, rainfall, temperature and humidity. Much of the country’s agricultural land has been redeveloped for the oil and gas industry and the forest destroyed to give way to big infrastructure projects. Not only is ... Read More »

Vandalism Spurs Investigation at the Department of Education

An investigation is underway at the Department of Education after an employee’s office was vandalized last week. U.S. Secretary of Education Betsy DeVos called on Federal Protective Services “for a comprehensive investigation” of “an incident involving an employee’s personal belongings on the third floor,” according to a statement from Department of Education spokesperson Angela Morabito. No one was injured and ... Read More »

Samsung Galaxy Note 10, Galaxy Note 10+ Start Receiving a Software Update Ahead of Release: Report

Samsung Galaxy Note 10 and Samsung Galaxy Note 10+ are reportedly receiving a software update ahead of their August 23 availability. The new update is said to be rolling out in European markets, and it carries the version number N97*FXXU1ASH5. It brings along improved fingerprint recognition, stability of camera, touch screen performance, and August Android Security patch. The Samsung Galaxy ... Read More »

PM lists space, education as new areas of cooperation with Bhutan

Prime Minister Narendra Modi on Sunday outlined a new blueprint for cooperation between India and Bhutan, identifying space, education, and health as areas that would add a fresh dimension to ties dominated so far by cooperation in the hydel power sector. The Prime Minister invited more students to visit India for studies in traditional areas such as Buddhism and newer areas ... Read More »

Buy Bajaj Finance; target of Rs 3860: Prabhudas Lilladher

We initiate coverage on Bajaj Finance (BAF) with a BUY given formidable franchise in consumer financing, strong growth momentum in rural finance and expected uptick in mortgage business post spin off in step down subsidiary. BAF has emerged strong in the recent NBFC rout given 1) <2% GNPA and 65-70% PCR across cycles, avg. 40% positive ALM gap in short ... Read More »

Google promises to increase use of recycled plastic in gadgets

Google has ramped up efforts to curb its environmental impacts, with fresh promises yesterday to increase its use of recycled plastics and slash emissions from product shipments. In a pair of pledges outlined by Google’s sustainability chief Anna Meegan, the tech giant promised that by 2022 all ‘Made By Google’ products will contain recycled plastic, and that by 2020 all product shipments will ... Read More »

Demands for Grants, Finance Bill may escape scrutiny of Parliamentary panels

Almost half of the budgetary exercise is over, but Parliament is yet to see formation of department-related standing committees (DRSC). This means Demands for Grants and the Finance Bill will not be vetted by DRSCs as of now. The Lok Sabha is scheduled to take up the Finance Bill for consideration and passage during the week starting July 15. There ... Read More »

Gag on media freedom: Journalists condemn finance ministry restricting entry of journalists into North Block

After the finance ministry put in place restrictions on media from entering the North Block, a tug of war has ensued between Finance Minister Nirmala Sitharaman and reporters. According to the new rules, the finance ministry issued a notice which read, “Entry of media persons, including those holding a PIB accredited card will be on the basis of prior appointment.” ... Read More »