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Irdai refuses any say to foreign partners

News: Foreign Partners in insurance companies in India will have no final say on decisions pertaining to strategy and produ-cts, as the Insurance Regulatory and Development Authority of India (Irdai) has decided not to give them any additional rights when their they increase their stake from 26 per cent to ...

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Govt drops plan for privatisation of airports

News: The government has scrapped the privatisation of four major airports, those at Chennai, Kolkata, Jaipur and Ahmedabad. While the airports at Chennai and Kolkata will continue to remain under the complete control of the Airports Authority of India (AAI), fresh bids for the Jaipur and Ahmedabad airports will be ...

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Daily Capsule – 19/8/2015

National: Railways unveils new AC coach with improved safety features Govt mulling strong BIT to revise investment pacts Modi to bet $1.5 billion on palm oil plan as imports surge Russia ways green Flag for India’s entry into UN Security Council 1.25 lakhs crore development promised by PM to Bihar ...

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NITI Aayog offers 30% hike to attract young talent

News: To attract talent, the government think-tank NITI Aayog has proposed paying over 30 per cent more than the pay scale offered by the erstwhile Planning Commission to young professionals on its payrolls. NITI Aayog has replaced the decades-old Planning Commission and is being seen as one of the most ambitious ...

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