RBI staff to go on 2-day mass leave from Sept 4

The united forum of reserve bank officers and employees on Monday said its members will go on mass casual leave on September 4 and 5, pressing their long-pending demands over pension related issues. According to a press release, forum held a silent demonstration near the RBI office, which witnessed the participation of various leaders.

Dr Reddy's loses patent case with Eli Lilly over Alimta

Dr Reddys Laboratories has lost a legal battle with Eli Lilly and Company in a patent litigation on Alimta (pemetrexed for injection), a drug used for treatment of various types of cancer, in USA. The US District Court for the Southern District of Indiana ruled in favor of Lilly, a release from the US drug maker said.

The court held that the Alimta vitamin regimen patent would be infringed by the competitor that had stated its intent to market alternative salt forms of pemetrexed prior to the patent's expiration in May 2022.

India has lost demographic dividend: Pai

India no longer enjoys the advantage of demographic dividend as it’s saddled with crores of youngsters with low skills unsuited to the economy, claimed a human resources and education expert. Chairman of Manipal Global Education TV Mohandas Pai claimed India already has 10 crore people in the 21-35 age-group with bad skills, unsuited for the economy. “There is no dem­ographic dividend,” he said.

CPI(M) will not have alliance with Congress, but understanding: Yechury

CPI(M) will not have a political alliance with Congress but an "understanding" inside and outside Parliament to stop the forces of communalism, newly-elected general secretary of the Left party, Sitaram Yechury, said today.

Yechury was unanimously elected CPI(M) general secretary today after weeks of uncertainty. Towards the end of party's 22nd congress in Hyderabad, the newly-elected 95-member central committee chose the 65-year-old leader as the party's head.

CPI(M) meet to give new direction to fight against BJP: Yechury

A mega CPI(M) meet will give a new direction to the party on mobilising democratic forces to defeat the BJP, general secretary Sitaram Yechury said on Wednesday.

In his inaugural speech at the 22nd party congress being held here, Yechury said only the Left could give an alternative to the BJP’s “anti-people policies”.

Mecca Masjid blast: Aseemanand, 4 others acquitted

A special anti-terror court on Monday acquitted Hindutva preacher Swami Aseemanand and four others in the 2007 Mecca Masjid blast case, holding that the prosecution failed to prove “even a single allegation” against them. However, hours after pronouncing the judgement, in a dramatic development, K Ravinder Reddy, the special judge for NIA cases, tendered his resignation, citing “personal” reasons.

Telangana proposes Rs 5 L insurance cover, Rs 12K cr support scheme for farmers

The Telangana government today proposed a Rs 1,74,453.84 crore budget for 2018-19 with major focus on agriculture as it unveiled a Rs 8,000 per acre investment support scheme and a Rs 5 lakh insurance cover for farmers.

Irrigation and welfare are the other thrust areas of the budget. "The estimated total expenditure in 2018-19 is Rs 1,74,453.84 crore. Of this, revenue expenditure is Rs 1,25,454.70 crore and capital expenditure is Rs 33,369.10 crore," state Finance Minister E Rajender said in his budget speech.

Deep in depression

Deepika Padukone said organisations should focus on the mental health of their staff. Speaking at an interactive session with Wipro Board member  Rishad Premji, the Bollywwod actor said her sportsmanship helped her quickly overcome the psychological problem she suffered.  “I think it is important to deal with (the people) who experience mental illness with lot more empathy and little more heart.

To create jobs is the need of the hour: Vice President

Vice President M Venkaiah Naidu today said the expanding middle class will be the key driver of India's economic growth, and the need of the hour is to take full advantage of our demography by creating jobs.

He also said that while India must improve its tax-to-GDP ratio and curb tax evasion, there should be no needless harassment of tax-payers.

IT firms fleecing freshers: Pai

Big Indian information tec­h­nology (IT) companies ha­ve formed a cartel to keep salary of entry-level engine­ers low, alleged industry veteran TV Mohandas Pai, raising a strong pitch for a better deal for freshers.

He agreed with Infosys co­-fo­under NR Narayana Mu­rthy, who said in the last 7 years, salaries of freshers in the software industry have stayed stagnant, while the sa­me for senior-level empl­oyees have grown multi-fold.