Private Sector

  • J&K: Two Air India flights sent to help in rescue operations, says Aviation Minister September 9, 2014

    In an interview to CNN-IBN, Aviation Minister Ashok Gajapathi Raju said that two Air India flights had been sent to Srinagar to help in the relief work. "Flights are carrying medicine and relief material to the valley. Private sector coming forward to assist in humanitarian work," said Raju. ...
  • MP government extends retirement age of private sector workers July 9, 2014

    Madhya Pradesh government has decided to increase the retirement age of labourers and other employees working in private sector to 60 years from current 58 years. "The state government has issued a gazette notification regarding this decision which will benefit over 15 lakh employees working in the private sector," state Labour...
  • JD(U) releases manifesto, promises reservation in private sector if voted to power April 5, 2014

    Bihar's ruling party JD-U on Saturday promised reservation for SCs, STs and OBCs in the private sector and 50 percent reservation for women in panchayati raj institutions, among other things, in its election manifesto. The manifesto promised legislation for the safety and security of migrant workers in the country, a commission...
  • India to set up a tax administration reform panel August 14, 2013

    The Indian government on Tuesday said it will set up a tax administration reform panel to review application of tax policies and laws in the country. The union cabinet chaired by Prime Minister Manmohan Singh approved the proposal of setting of the new body called the Tax Administration Reform Commission. "The...
  • Kairali airlines to commence operations from Nov 1 June 15, 2013

    Kochi: Kairali Airlines, a low cost private sector airline from Kerala, will commence operations from November 1, a top official said. The plan was to start flight services connecting Thiruvananthapuram, Kochi and Kozhikode airports to Mumbai, Chennai, Bangalore, Mangalore and Lakshadweep with aircraft which would be purchased or leased, Chairman and...
  • Moily refutes charges of favouring RIL on gas price May 25, 2013

    New Delhi: Petroleum Minister M Veerappa Moily on Friday refuted allegations of government favouring Reliance Industries (RIL) as "malicious" and said the proposed revision in natural gas price would apply to all companies. The allegations of favouring RIL were made in Delhi at a press conference on Thursday by CPI...
  • Government envisages over $12 bn investment in aviation May 4, 2013

    New Delhi: Describing the decision on 49 per cent FDI in aviation as one which will transform the sector, Civil Aviation Minister Ajit Singh said on Friday the government envisages investment of $12.1 billion in the sector in the 12th Plan period (2012-2016). Singh said the rapidly expanding air transport...
  • Coalgate, CWG tax evasion probe kept CVC busy in 2012 December 29, 2012

    New Delhi: The Central Vigilance Commission acted on a number of corruption cases and directed CBI probe in coal blocks allocation scam and recovery of about Rs 1,000 crore tax evasion in Commonwealth Games-related works on 2012, besides other anti-graft measures. The probity watchdog was also chosen to head a...
  • Small traders benefit from Banking Amendment Bill December 19, 2012

    Nwe Delhi: Shares in India's smaller private sector banks gain on hopes the banking amendment bill approved by parliament on December 17 will spark consolidation in the sector. The bill lays the groundwork for non-banking financial companies to win banking licences, sparking speculation they could look to purchase smaller lenders to...
  • PM sets up tracking system to check project delays June 1, 2012

    New Delhi: The Prime Minister on Friday approved setting up of an Investment Tracking System to speed up the implementation of projects. A statement from the Prime Minister's Office said that the tracking system has been set up to address the issue of major investment projects being delayed for a...
  • Govt mulling private sector corruption law May 27, 2012

    New Delhi: A move is afoot in the government to make corruption in private sector a penal offence with imprisonment up to seven years for the offenders. The government has proposed to make bribery in private sector - both giving and accepting it - a criminal offence by amending the Indian...
  • 'Govt working to make pvt sector bribery criminal' October 21, 2011

    New Delhi: With the alleged involvement of big corporates in a spate of scams apparently weighing on his mind, Prime Minister Manmohan Singh on Friday said government is considering changes in law to make private sector bribery a criminal offence. Speaking at the Biennial Conference of CBI and state anti-corruption bureaux,...
  • Bring corporates under RTI Act: Nitish Kumar October 15, 2011

    New Delhi: Bihar Chief Minister Nitish Kumar feels that the corporates and the private sector should be brought under the ambit of the Right to Information Act as public invests through shares in them and suffers when their fortunes sink. Addressing the annual convention of Central Information Commission in New Delhi,...
  • Corruption affects civil society too: Murthy April 9, 2011

    Bangalore: Reacting to the Centre's decision of agreeing to issue a formal order to set up a committee for drafting a strong Lokpal Bill, Infosys Chief Mentor N R Narayana Murty on Saturday hailed the outcome of the protest launched by social activist Anna Hazare. "Corruption is a phenomenon that affects the...
  • Untaxed gratuity in private sector raised March 6, 2010

    New Delhi: Bringing cheers for thousands of private sector employees, the government today approved raising the ceiling for payment of gratuity to them from Rs 5 lakh to Rs 10 lakh. The decision was taken at a cabinet meeting chaired by Prime Minister Manmohan Singh. This will bring parity between government and...
  • How many Marathis in private firms? State wants survey June 12, 2009

    New Delhi: The issue of the 'Marathi Manus' come up again just a couple of months ahead of state elections. Maharashtra's Labour Minister Nawab Maliq has announced a survey which will aim to find out the number of Maharashtrians employed in the private sector. The Minister's announcement came on Thursday in the...
  • Govt mum on private sector quota: Mayawati June 6, 2009

    Lucknow: Uttar Pradesh Chief Minister Mayawati on Friday criticised the Manmohan Singh government for remaining silent on the issue of quotas for Dalits in the private sector in President Pratibha Patil's address to the joint sitting of parliament on Thursday. In a statement read out on her behalf by Cabinet Secretary...
  • Private sector units make a beeline for CISF cover February 21, 2009

    New Delhi: With the Central Industrial Security Force (CISF) Amendment Bill getting approval from the Rajya Sabha on Thursday, the corporate sector is now queuing up at the Ministry of Home Affairs to seek security cover. The CISF can now guard private sector units. The CISF Amendment Bill has extended CISF's...
  • 7 tactics that make you poorer and the bank richer October 14, 2008

    During a cash crunch, many companies look for ways to make an extra buck. Private sector banks, for instance, have introduced a slew of new charges. And like always, the changes are subtle and you will never know about them until you find a debit to your account that you...
  • Poll-bound UPA holds private sector quota May 30, 2008

    New Delhi: The UPA Government is very sensitive to the issue of affirmative action, including reservations in the private sector, a policy intent in UPA's Common Minimum Programme which could now remain unfulfilled. Sources have told CNN-IBN that the Prime Minister's Office has decided not to tinker with the issue in...
  • Cord blood banking debate leaves consumers baffled December 7, 2007

    New Delhi: Blood not only begets life, but can do a lot more too. Umbilical cord blood is the latest medical debate in many Indian states. Usually thrown away, this blood is claimed to be extremely rich in stem cells which can be used to both prevent and cure fatal...
  • Caste and faith first in companies, merit next October 27, 2007

    New Delhi: Liberalisation and a free market economy have not changed traditional biases in companies. A study conducted by American and Indian scholars shows that there is a caste bias in the country’s private sector with companies preferring to recruit upper-caste candidates even if they are less qualified. Two Princeton University researchers,...
  • UP govt orders 30 per cent quota in private sector jobs August 11, 2007

    Lucknow: After transforming her party from a party of Bahujans to the party of the Sarvajans, Chief Minister of Uttar Pradesh, Mayawati has now played a new card. While Prime Minister Manmohan Singh had recently urged the private sector to actively participate in nation building, Mayawati has gone a step further...
  • Help us to help SC/STs, India Inc tells PM July 14, 2007

    New Delhi: Industry bodies on Saturday told the government not to force any job quota on them. Top industry chambers, which met on Saturday on the invitation of PMO to review the progress on affirmative action for weaker sections, told the Principal Secretary in the PMO, T K A Nair,...
  • Govt goes for Private Sector quota December 17, 2006

    New Delhi: Moving towards the reservation in the Private Sector, the Govt has urged the industry to include data of Scheduled Castes (SC) and Schedules Tribes (ST), recruited from January 2007, in the Annual Report of 2006-07. The Govt also advised the industry to compile the base-line data of SC and...
  • India Inc says no to reservations November 16, 2006

    New Delhi: Commerce Minister Kamal Nath is ready to consider legal options to impose quotas in the private sector after top business leaders told a government panel on Wednesday that they don’t want reservations. Business leaders said they wanted to implement affirmative action policies, like setting up industries in 27...
  • Ministers play minority card in quota November 15, 2006

    New Delhi: At least three Central ministers have demanded that private companies provide reservation to minorities. Minorities Affairs Minister A R Anutlay even wants action against companies if they failed to do so. "Are these people here only to make money? They have social responsibilities as well. If they don’t do...
  • Speed up quota rollout: PM to industry November 7, 2006

    New Delhi: Another step taken by Prime Minister Manmohan Singh towards reservations for SCs and STs in the private sector. CNN-IBN has exclusive access to a letter by the commerce ministry at the instance of the PMO to the representatives of the private sector. Speed up the process of reservations...
  • PM forms panel for pvt sector quota October 16, 2006

    New Delhi: Prime Minister Manmohan Singh has constituted a coordination committee headed by his Principal Secretary, TKA Nair, to prepare a report on SC/ST reservation in private sector jobs. The committee, which will take forward the consultations with various stake holders, has been asked to suggest ways and means of government...
  • Now ISRO joins outsourcing spree September 8, 2006

    Bangalore: In the era of outsourcing, space projects too are likely to go the private sector, as the Indian Space Research Organisation (ISRO) plans to outsource more of its satellite and rocket development work to the industry. ISRO is country's premier space agency credited with putting two satellites into orbit every...