The highest penalty of Rs 15.08 crore was levied on Indira Karkera, who was VP of the RTA; the second highest penalty of Rs 10.01 crore was levied on Balram Mukherjee and the third highest penalty of Rs 5.16 crore was levied on Govind Raj Rao, the MD of the RTA
Disaster to be declared in 30 minutes, switch to alternative site to be done in 45 minutes of incident
Railways is likely to take a decision on further hike in freight tariff in October when it will review the fuel adjustment component (FAC) in the wake of rising energy cost but passenger fares will not be touched.
IKEA, the world leader in home furnishings found success in the cheap ready-to-assemble furniture segment.
Prime Minister Manmohan Singh has set a deadline of December 31 for an inter-ministerial group to finalise its proposal for setting up a Rail Tariff Authority that will suggest rationalisation of passenger fares which have not seen a hike for the last nine years.
Market watchdog Sebi has extended the deadline by one month for submission of bids by public sector banks and KYC Registration Agencies (KRAs) to conduct "in-person verification" of about three crore investors in the high-profile Sahara case to ascertain their genuineness.
An NCP-led autorickshaw union in Mumbai has gone on strike demanding a hike in minimum fare. The action by Sharad Rao's Mumbai Autorickshawmen's Union (MAU) came despite a Re 1 hike on minimum fare - from Rs 11 to Rs 12 - permitted by the Regional Transport Authority (RTA) last week.