Ok, lets analyze the positive looking news from today's newspapers:
- Top 75 companies spent Rs 4,000 crore on CSR - Under Corporate Social Responsibility (new requirements in the new Companies Act), companies have invested an estimated Rs. 4000 crore in health, education and skill development in the last fiscal, and the figures are expected to go up steadily.
- In a paradigm shift, govt to now auction 69 state-owned oil,gas fields - A new revenue sharing model has been proposed in oil and gas pricing that reduces government interference, essentially encouraging private investment. This industry has always been tightly reined, to me, a free rein is a very good thing. (Check link - Free pricing of gas, )
- India pitching for a root-server, US considering it - Root-server is an important thing for the internet, and as India is growing into the 3rd largest internet user base, New Delhi has asked the US (which has 10 such servers) to plant one in India. Here's telling the internet world that India has arrived.
- Mahindra to debut in the US market with an electric scooter - GenZe, designed in Silicon Valley, will be the debut offering in the US market by Indian auto major M&M - it says it has received 300 orders.
- Indian engineer Ankur Bhatnagar's startup skyTran gets investment from Google chairman Eric Schmidt - the startup which plans to come up with a Personal Rapid Transit or PRT transport system, hopes to change the way we travel.
- Gold fails to rally - Ok so this is bad news for those who have are already invested in the yellow metal, but for all the ladies planning to get decked up for the festival season coming up - here's your chance, grab it, all the way!
- Railways planning to go paperless!! - Can you even imagine the scale of this project? Railway is planning to launch an app for unreserved ticketing - season tickets, platform tickets and the like. There are some other initiatives planned as well. Bet this is going to be huge.
- After EPFO, smaller pension funds set to invest in stock markets - Which is a good thing, why not invest in our own growth story ourselves? Instead of depending upon FIIs. And the returns would be better too.
- Telugu Movie Srimanthudu BO collection: Rs 154 crore worldwide in 25 days - The good thing about Baahubali, Bajrangi Bhaijaan and other movies joining the 100 crore club these days is that it goes to show that Indian consumers still have considerable spending power!
- Punjab government to build 'nature conservation park' in Amritsar - It plans to develop 40 acres of vacant land in Amritsar city as a state of the art 'nature conservation park', on the lines of Newyork's nature park
- CPI leader blames Sunny Leone's condom ads for rapes - Ok ok so this is not positive news. Its just roaringly funny!
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