India Fwire News - Page 2

Raghuram Rajan: Do not personalise RBI office, it will survive any governor

The Economist quoted him as saying while looking down, the ships sailing to nearby docks provide clues as to the buoyancy of foreign trade.

Goa's frog eating tradition criticised for disturbing the food chain

On World Environment Day, Goa's Principal Chief Conservator of Forests, Ajai Saxena questioned the state’s tradition of eating frog meat terming it as against the food chain. The state forest department has been raiding people poaching frogs as it is protected under Widlife Conservation Act.

Water level across 91 major reservoirs in India dips to 17 percent

Water level in 91 major reservoirs across the country has dipped to 17 percent of their total capacity.

No border trading centres with China without mutual consent: India

India ruled out setting up trading centres along its border with China in Arunachal Pradesh, saying such a step could be taken only after Beijing agrees.

Italian connection: Cong members stage walkout in LS over PM Modi's remark

Congress members walked out of Lok Sabha on Monday protesting against Prime Minister Narendra Modi's remarks on Sonia Gandhi at election rallies in Kerala.

Bankruptcy Code is a dud unless executed right; India has too many good laws that we failed smartly

It’s a law that would enable banks to push for resolution/recovery of the money from a troubled company within a period of 180 days, with a grace period of another 90 days if majority (75 per cent) of creditors agrees.

India should diversify into high value-added services, increase quality of manufacturing: IMF

According to the paper, India owes its rapid growth in service exports to the emergence of modern services, defined as products that can be stored and traded digitally.

Wipro chosen as partner to transform IT service of British utility

From April 2017, 1.2 million business/non-household customers in Britain will have the right to choose their water supplier, making it the world's largest retail water market.

Bankruptcy code: Why it strikes the right balance among all stakeholders

A curious thing that has gone unnoticed is the act of self-abnegation done by the tax authorities---tax and other dues would defer to the dues of secured creditors and 24 month salary of workers.

Battle not yet over: Keenan's father after Mumbai court's verdict

Four-and-a-half years after the murder of Keenan Santos and Reuben Fernandes, a Mumbai court has held all four accused in the case guilty, a verdict which brings some amount of closure to the case.

Indian employee claims to have won lawsuit again Wipro in Britain

In an e-mail response to Wipro's statement, Ukil said that she had won on her claim for equal pay, as she did same work as her male peers in same grade and that she was paid significantly lower than her male colleagues.

Air India posts profit first time in decade, but still not out of woods

Disney, Amazon, Apple among top 100 brands; but consumers cynical, says survey

The top 20 brands in the global Authentic 100 are Disney, Amazon, Apple, Samsung, Lego, Ford, Google and Coca-Cola.

Vijay Mallya’s high drama resignation from RS; CBI’s cul de sac on French translation

It may seem quite odd that while the CBI is still enmeshed in legal formalities, the scope of the investigation continues to expand.

Not a nice cuppa: Labour, production costs affect tea industry, many estates in Kerala shut down

India roughly produces 1,200 million kg of tea, out of which 230 million kg is exported.

This is a govt for the poor, says PM Modi; gives free LPG connections to BPL families

The Prime Minister gave away some cooking gas connections to people on the occasion.

What the 10% reservation for EBCs in Gujarat says about Narendra Modi's politics

Gujarat, with its Hindutva rhetoric, is the best to experiment with the creation of a new reservation prototype

Maharashtra day showdown: Former AG Shreehari Aney unfurls 'Vidarbha flag' amid protests by Shiv Sena

The supporters of a separate Vidarbha led by former Maharashtra Advocate General Shreehari Aney said that they would intensify their movement for statehood

India can save $50 bn in logistics costs, raise growth of exports, says study

The government should create a uniform tax structure and do away with multiple checkpoints and documentation requirements which would lead to speedier delivery of cargo, the study said.

Bipan Chandra praised Bhagat Singh when he called him 'revolutionary terrorist': JNU professors

The three professors condemn the attack against the book, India’s Struggle For Independence, which they co-authored with Professor Bipan Chandra

Endorsements issue: Unfair to blame celebrities for misleading ads, say brand gurus

With a parliamentary standing committee calling for stringent penal provisions to make celebrities who hawk brands accountable for misleading advertisements, industry experts feel it is unfair to single out celebs for such mishappenings. The Parliamentary Panel on Consumer Affairs, in its recommendations on the Consumer Protection Bill, 2015, has called for stringent provisions, including jail term up to five years and penalty of up to Rs 50 lakh if a celebrity endorsed product misfires. "I agree that celebs should accept endorsements with a certain amount of responsibility. But it is unfair to make them accountable for products/ads as the subject is technical and requires sound understanding of science as its related to the ingredients of the product and consequent claims," said Madison World chairman Sam Balsara. The committee wants that for first time offence, the celeb in question must be penalised with either a fine of Rs 10 lakh or imprisonment up to two years or both. For the second offence, the fine should be increased to Rs 50 lakh and imprisonment up to five years. For subsequent offences, the penalties may be increased proportionately based on the value of sales of the product/ service in question. After Nestles Maggi noodles were banned by the foods regulator last year for allegedly containing excess lead and the additive monosodium glutamate (MSG), there were many voices demanding accountability from brand endorsers. Some of the noodle brands endorsers included actors Amitabh Bachchan, Madhuri Dixit and Preity Zinta. The domestic celebrity endorsement market is worth around Rs 5,000-7,500 crore and is growing at a fast clip. But its future looks uncertain with many in the government and Parliament baying for the blood of celebrities who earn most of their incomes from such brand endorsements. Top male celebrities charge anywhere between Rs 12 crore and Rs 25 crore per annum for each endorsement, while their female peers get half of that at Rs 6-12 crore per annum for endorsement, according to industry estimate. On an average, top celebrities endorse as many 8-12 brands. According to Anirban Das Blah, managing director of talent management agency Kwan that handles brand endorsements for top Bollywood stars like Deepika Padukone and Ranbir Kapoor, the recommendation makes no sense as celebs dont have the expertise to whet the quality of the product they endorse. "No celebrity has the means to verify what the brand is saying, and they dont run testing labs. What they have is a legally binding document. Almost every endorsement has a contract which warrants that it is making no false representation of any sort in its advertising," he said.

Ensure J&K SMEs get hassle-free loans, says Mehbooba Mufti to Raghuram Rajan

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