Crude reserves plan; IRCTC & reforms roadmap in focus

THE ECONOMIC TIMES Sat, Mar 21, 2015 | 12:06 PM IST Weekly Platter Newsletter

India likely to invite West Asian cos to build 5 crude reserves In phase 2, the Centre plans to build five reserves with a combined capacity to hold 12 MMT of crude oil, higher than 5 MMT in phase 1. read more Govt seeks to put IRCTC on high growth path; wants it to emulate Flipkart The govt plans to hire a consultant to help assess and increase valuation of IRCTC, which accounts for almost 40% of India's online travel. Tender cancellation issue hits PM Modi's Smart City project The Narendra Modi government's ambitious smart city project has run into a hitch with the last-minute cancellation of its first major tender.

Editor's Pick How startups have successfully established their own rules of hiring, retaining talent Short on cash and unable to hire top-notch staff, startups can make up by painting a grand vision, aiming for a big goal and pumping in passion. Former Citigroup CEO Vikram Pandit speaks about democratising finance In his first-ever media interaction since leaving Citi in 2012, Vikram Pandit talks about why he thinks it's right time to democratise finance beyond big banks. CAG asks why Air India sold five Boeing 777s at loss to Etihad in 2013 CAG's query addresses two things: One selling the planes after 6 years when they had a 25-year shelf life and second, giving them away so cheap. Why cos like Google, Snapdeal & Flipkart are interested in ad tech firms Google is reportedly interested in buying Inmobi. Snapdeal wants to buy Komli Media. Flipkart bought Adiquity earlier this month.

Most Popular This Week Anil Ambani's Reliance Infra to bid for military chopper contracts worth over $3 bn Mohandas Pai in Gadkari's special team to push tech for roads, ports Operation Smile: Rajnath Singh's push helps recover 2500 missing children Wipro appoints Abid Ali Neemuchwala as group president and COO Attempts to make India saffron Pakistan won't work: Former IPS Julio Ribeiro

Story of The Week Ratan Tata to head Indian Railways' Kaya Kalp council 'Kaya Kalp' Council, an innovation council of Railways that Tata will head, has been tasked with suggesting ways to turn around the ailing organisation. read more

Money Despite taxation, NPS is a much better option In five to seven years, it will become obvious that NPS returns are much higher than EPF and the service standard and convenience are much higher. Didn't file tax returns? Don't miss the second deadline If you have paid all your taxes for 2013-14, there is no fear of any penalty or notice from the tax authorities as long as you file your returns by 31 March.

Stock Round Up Mid, small-caps lead Dalal-Street sell off on earnings worries Some of the stocks like Natco Pharma, Tata Elxsi, HDIL, Sun Pharma Advanced Research, Ajanta Pharma and GNFC fell between 8% and 15% on Friday.

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