New Chief Economic adviser appointed

Prime Minister Manmohan Singh has cleared the appointment of Raghuram Rajan as the government's chief economic adviser. He will replace Kaushik Basu. He was selected by the PM's economic advisory council which is headed by C.Rangarajan. He will face a turbulent economy which has issues that needs to be fixed.

India Post on transformation mode

India Post is on a transformation mode which awarded a Rs 700 crore project of modernising its banking and insurance operations across 1,50,000 post offices in the country. This project aims to transform India Post into a hi-tech and autonomous market leader, by revolutionising its financial operations and end-user services. This project is part of ‘India Post 2012′ which aims at bringing transparency, agility, flexibility and scalability to India Post’s operations. This project also include installing 1000  ATMs for India Post.