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What keeps Indian companies from doing good?

Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government's CSR mandate has been in force. On the face of it, Maneka Gandhi's admonition to big business at an Assocham meeting earlier this month that it was "non-serious" about corporate social responsibility (CSR) is valid. By one reckoning, corporate India has spent only 30 to 40 per cent of the amount that was expected to flow in once Section 135 and Schedule VII ... Rediff.com, 9 minutes ago
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6 killed, 10 injured in Thane building collapse

At least six persons were killed and 10 others injured after a four-storey building housing 20 families collapsed in Thakurli in Maharashtra's Thane district. The building 'Matruchaya', built 35 years ago, collapsed on Tuesday night at Cholve village, following which rescue operations were launched by the National Disaster Response Force, fire brigade officials and civic authorities said on Wednesday. However, the operations have been hampered due to continuous rains, District Disaster ...
 Rediff.com10 minutes ago 3-storey building collapses in Thane, many feared trapped  Rediff.com11 hours ago
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Jaya not to attend Kalam's funeral, deputes 7 colleagues

Tamil Nadu Chief Minister J Jayalalithaa on Wednesday said she would not attend the last rites of former President A P J Abdul Kalam in Rameswaram owing to her health condition and has deputed seven cabinet colleagues to represent her and the state government at the funeral."I have great love and respect for Mr A P J Abdul Kalam. It is my desire to attend his funeral and pay respects to him. However, due to my health condition I am unable to undertake a journey," she said in a statement.The ...
 Rediff.com15 minutes ago

RBI says 'watchful' of banks' bad loans levels

Reserve Bank of India Deputy Governor S S Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank would remain "watchful." India's banking sector, dominated by more than two-dozen state-run lenders, has been hobbled by its highest bad-loan ratio in a decade as slower economic expansion hurt companies' abilities to service debt. "I think the results which have come, on the NPA front, there looks ...
 Rediff.com17 minutes ago
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Mexico fire coach Herrera after alleged punching incident

Mexico's coach Miguel Herrera. Photograph: Carlos Garcia Rawlins/Reuters Miguel Herrera, Mexico's national soccer team coach, was fired on Tuesday, a day after he allegedly punched a reporter who had criticised his team's performance in the recent Copa America and Gold Cup tournaments. "After evaluating the situation and listening to everyone that makes up this family, I've made the decision to remove Miguel Herrera from his post," Decio de Maria, president of the Mexican Football Federation ...
 Rediff.com21 minutes ago
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'Delhi police framed Chandila, others to prove case under MCOCA'

'At that time the Delhi police was reeling under various controversies. This case was more of an attention diversion.' Rakesh Kumar, Ajit Chandila's lawyer, reasons with Manu Shankar/Rediff.com why the Delhi police's case against Shantakumaran Sreesanth, Ankeet Chavan and Chandila in the IPL spot-fixing episode collapsed. IMAGE: Ajit Chandila. Photograph: BCCI On Saturday, July 25, three cricketers along with 36 others waited at the Patiala House court with bated breath for Additional Sessions ...
 Rediff.com30 minutes ago
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Rupee gains 6 paise against dollar in early trade

The rupee strengthened by 6 paise to 63.85 against the dollar in early trade on Wednesday on increased selling of the US currency by exporters and banks amid firm domestic equity markets. Forex dealers said that weakness in the dollar against other currencies overseas also supported the rupee. Yesterday, the rupee ended 25 paise higher at 63.91 against the US dollar on fresh selling of the American currency by banks and exporters. Meanwhile, the benchmark BSE Sensex rose 132.42 points, or 0.48 ...
 Rediff.com39 minutes ago Rupee jumps 25 paise against US dollar  Rediff.com16 hours ago

Rameswaram lines up to say farewell to the man who ignited dreams

Amazing crowd control at the venue where A P J Abdul Kalam's body will be brought for paying tribute in a while. A serpentine queue of people is waiting in the merciless sun, to say farewell to a man who ignited dreams. There is a phalanx of khaki-clad men, the only ones allowed in yet are the ones with Press cards but that will change in a while.Photograph: Saisuresh Sivaswamy/Rediff.com ...
 Rediff.com41 minutes ago
Rediff.com

3 factors responsible for China's economic problems

China's short-term economic growth outlook is mediocre at best, and another year or two of deceleration is all but unavoidable. Does President Xi have the single-mindedness to bring it back on track? Image: Vendors nap on chairs among boxes of fruits at a wholesale fruit and vegetable market in Wuhan, Hubei. Photograph: Reuters The week started badly, and the epicentre of bad news was China. On Mon-day the Shanghai Composite Index lost 8.5 per cent, its second worst day ever, erasing ...
 Rediff.com48 minutes ago

Gurdaspur attack magnifies armour shortage scare

Army, paramilitary and police forces continue going into harm's way with outdated bulletproof jackets (BPJs), and helmets designed for motorcycle riding, not for the impact of a nine-millimetre bullet. Ajai Shukla reports. Images of ill-equipped security forces battling terrorists on Monday near Gurdaspur, again reminded planners that much of the military and most policemen face serious shortfalls of basic body armour. The problem is especially acute for the army, with lakhs of soldiers ...
 Rediff.com1 hour ago
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