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ISB launches two initiatives to promote student entrepreneurs
Hyderabad-based Indian School of Business (ISB) has launched two new initiatives in an effort to encourage entrepreneurship among students. ISB’s Wadhwani Centre for Entrepreneurship Development (WCED) has launched the Entrepreneurs Development Initiative (EDI) and Planning an Entrepreneurial Venture (PaEV) to incubate and promote entrepreneurial ventures by students.

Prompt action from RBI if inflation demand driven: Dy Gov
Amid rising food inflation, the Reserve Bank of India (RBI) today said it will take "prompt action" if it felt the price rise is due to demand factors.

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The flag as wrapping
Tolerance is bred deep among Indians: we are told of this ancient verity by both “secularists” and “communalists”. After all (the story goes), most Indians daily rub shoulders with a variety of other Indians from apparently different social and cultural backgrounds. For the most part, we muddle along well enough together — well enough to share a country and a civilisational outlook.
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AAI paying 600 staffers in Mumbai for no work

There are 600 employees of the Airports Authority of India (AAI) in Mumbai who draw their pay with no work to do. - Major pvt airlines owe Rs 274 cr to AAI - Torrent Power, GPCL to set up 2000 MW power plant at Amreli - Private airlines owe Rs 274 cr to AAI - "Delhi, Mumbai airports got over 4 points in service quality" - AAI raised Rs 380 cr this year; fares to remain unchanged - AAI seeks assistance from govt for loss making NE operations They were associated with Mumbai Airport prior to its privatisation three years earlier. When the airport was handed from AAI to Mumbai International Airports Ltd (MIAL), the private operator, there were 2,500 employees. MIAL was to give an offer to 60 per cent of them to join it; only 200 accepted. AAI was to get the rest redeployed over the next three years. That period ended in May this year. Some employees opted for voluntary retirement. Some others were transferred to airports at Pune, Goa and Aurangabad. But 600 still remain. They report to the AAI in Mumbai and draw a salary, but have no work. AAI authorities said the problem was pressure from a “regional political party”, which has insisted those who don’t wish to go out of Mumbai can’t be removed against their will. However, they said, the process is on, and the size of the problem had gradually lessened, with time. “The problem was really serious just before the Assembly elections in Maharashtra but things have improved a bit now. We are gradually shifting the employees, keeping in view the local sentiments,” said a senior AAI official. Another official said these employees, whose pay totals around Rs 1.5 crore a month, can only be shifted to another airport. AAI’s profit in 2008-09 was Rs 687.2 crore on a revenue of Rs 4,185.9 crore.


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