My World

My World

Babus beat PM when it comes to official gifts

Prime minister Narendra Modi’s diplomatic over-drive makes him rub shoulders with world leaders, but when it comes to receiving gifts from foreign dignitaries, his officials and cabinet colleagues beat him hands down. 

Bottles of whiskey, a Tissot watch, champagne glasses and a baby doll were the gifts received by Indian ministers and officials from foreign guests in the first three months of this year.

Most of these items were deposited in toshakhana, the official gift keeper of the government, or returned to the recipient. 

Tweak minimum bid clause to keep coal auction going:Steel Secy

With the deferment of recent coal mine auction on account of insufficient bids, the steel ministry said there was a need to alter the clause stipulating at least three bids for each block and that the coal ministry is consulting CVC to work out a mechanism on the same.

Should tech giants be broken up?

As a former tour manager for Bob Dylan and The Band, Jonathan Taplin isn’t your typical academic. Lately, though, he’s been busy writing sombre tomes about market shares, monopolies and online platforms. His conclusion: Amazon.com, Facebook and Google have become too big and too powerful and, if not stopped, may need to be broken up.

Insurers seek to make hay while the market shines

Make hay while the sun shines, they say. The proverb fits well with the promoters of top life and non-life insurance companies that plan to tap the buoyant stock market by listing their shares this year. On Thursday, Reliance Capital-owned non-life insurer Reliance General Insurance Company said its board has approved a plan to independently list on the stock exchanges and it expects listing to be completed in FY18.

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