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Singapore’s financial management board of Hindu temples to tighten measures to keep track of gold inventory
Singapore’s Hindu Endowments Board (HEB) is taking steps to improve the tracking of all movements of gold items within the four Hindu temples that it manages, the Culture Minister said on March 1, weeks after a former Indian temple chief priest was charged with misappropriating and pawning gold jewellery. Edwin Tong, Minister for Culture, Community and Youth, told Parliament on March 1 that the temples’ management committees would tighten oversight of the gold inventories in their temples, Today newspaper reported. The HEB will also carry out more audits each year, including unannounced ones, Mr. Tong said. Mr. Tong was replying to a question asked by parliamentarian Murali Pillai if the HEB had done a review of the case at Sri Mariamman Temple and if steps were being taken to prevent a repeat. Kandasamy Senapathi, the former chief priest of the 149-year-old Sri Mariamman Temple, was charged on February 16 with allegedly misappropriating 172 pieces of jewellery from the temple ... » Learn More about Singapore’s financial management board of Hindu temples to tighten measures to keep track of gold inventory
Modi’s infra push likely to double this highway builder’s revenue in 4-5 years
By Dhwani Pandya Dilip Buildcon Ltd. , one of the top highway builders in India, expects revenue to double in the next 4-5 years on an infrastructure push by Prime Minister Narendra Modi’s government, Rohan Suryavanshi , the company’s head of strategy & planning, said in an interview with Bloomberg TV. “We should be looking at 15%-20% growth year-on-year, which will lead us to double our sales in next 4-5 years,” he said. “We should be looking at an increasing order book.” India announced the highest ever outlay of 1.18 trillion rupees ($16 billion) for the development of highways and roads in its 2021-22 budget. A custom Bloomberg gauge of Indian road builders has gained 27.6% since the budget was presented on Feb. 1 as compared to a gain of 2.99% in the benchmark BSE Sensex. Dilip Buildcon has jumped 53% during the period. The Bhopal-based engineering procurement and construction company has focused on selling assets as soon as they near completion. The ... » Learn More about Modi’s infra push likely to double this highway builder’s revenue in 4-5 years
Russia works to reduce dependence on dollar
Video Player Close MOSCOW, March 2 (Xinhua) -- Russia is working to decrease dependence on the U.S. dollar and strengthen its ruble, Russian Federation Council Speaker Valentina Matviyenko said Tuesday. "Both the Central Bank and the government have been pursuing a policy of de-dollarization as instructed by the president in recent years," Matviyenko told RIA Novosti news agency in an interview. The share of the greenback in Russia's foreign currency reserves is declining and the country's investment in U.S. government obligations has dropped to 1/30 of the level 10 years ago, said the leader of the upper house of the Russian parliament. She clarified that this process is developing steadily and should not be rushed, adding that the policy strongly supported by the Russian parliament will strengthen the country's sovereignty. "We have recently done a lot to underpin the ruble, increase its attractiveness both for businesses and individuals. This is yielding results with ... » Learn More about Russia works to reduce dependence on dollar
How to AVOID ONLINE SCAMS
Niranjan Upadhye, general manager, fraud risk management, Worldline India, tells you how to quickly spot a scam and save yourself from grief. Illustration: Uttam Ghosh/ Rediff.com As our lives become more dependent on online services like ordering food, availing best shopping deals on portals, buying/selling pre-owned products, to dating etc, it has brought in new challenges that may involve your privacy and could lead to fraud. Here are different types of frauds and some advisories for you to avert becoming a victim: 1. Online Exchange/Classified portals frauds Imagine, you are looking for a two wheeler and come across a vehicle listed at a very reasonable price on some listing portal. The owner seems to be an army/police officer from his display profile. You liked the showcased vehicle and go ahead to check the registration details of the vehicle on a portal you trust. You will find that the vehicle is registered in the name of a woman, ostensibly his ... » Learn More about How to AVOID ONLINE SCAMS