The Indian Railway Catering and Tourism Corporation (IRCTC), due to privacy concerns, withdrew a contentious tender for the employment of a consultant to monetise its passenger and freight customer data, officials said on August 26. The railroads’ ticketing and catering division told Congress leader Shashi Tharoor’s Parliamentary Standing Committee on Information Technology that it was … Read more
In a move to bring a higher degree of transparency, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued instructions making it mandatory for developers to share updates on ongoing projects online on a quarterly and yearly basis besides other requirements. This move is expected to help homebuyers to track the progress of their real … Read more
Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead. The auto major noted that the regulation would largely impact the cost-sensitive … Read more
A high-level government panel recommended decriminalisation of 12 compoundable offences and the omission of one penal provision under the Limited Liability Partnership (LLP) Act. The Company Law Committee (CLC) also suggested, in a report released on Monday, the introduction of the concept of a small LLP in line with small companies under the Companies Act, … Read more
NEW DELHI: South Korea’s Kia Motors is discussing with Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters. Kia inaugurated the Andhra plant, its first in the world’s fifth-largest car … Read more
One of the biggest reforms in Indian history is struggling to deliver on expectations… a simplified take on the possible reasons…