New Delhi: Railway Budget presented in Parliament proposed measures to make Indian Railways prime mover of Indian Economy once again. It seeks resource mobilization for higher investment, decongestion of heavy haul routes and speeding of trains and project delivery, better passenger amenities and safety, and to make railways a preferred mode of transport for masses. (Read in Hindi: रेल बजट 2015-16 : यात्री किराए में कोई वृद्धि नहीं)

The dramatic plunge in the global crude oil price from a high of 111 dollars a barrel in June 2014 to its lowest level of 45 dollars on January 13 awhile, registering nearly 60 per cent tumble in a shot span of a few months was unprecedented in the more than half a century annals of the world’s much-feared commodity cartel, the Organization of Petroleum Exporting Countries (OPEC). With global economic recovery not gaining substantial momentum across the continents to ensure higher energy consumption even at reduced growth prospects, no one is sure as to how far the crude oil price will go down or how long it will take to balance demand-supply mismatch so that prices can regain lost or losing ground.

Washington: Keeping middle managers happy with their supervisors is the key to retaining the lower-level workers they manage and avoiding expensive turnover costs, according to a Vanderbilt University study.

As the deadline for enlisting operators for intra-state airline services in Uttar Pradesh (UP) ended recently, three airline companies have approached the State Tourism Department with interest to commence operations as per guidelines of the new Intra-state Aviation Policy announced by the government. The State Tourism Department has identified 12 routes to be covered through intra-state air operations.

Washington: Bad hiring decisions cost employers millions of dollars, damage workplace morale, reduce productivity and account for more than half of employee turnover nationwide. It doesn’t have to be that way according to a new study that reveals how a few minor changes in the wording of a job advertisement can increase the size and quality of an applicant pool.

New Delhi: The annual rate of inflation stood at  -0.39% for the month of January, 2015 (over January, 2014) as compared to 0.11% for the previous month and 5.11% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was -1.11% compared to a build up rate of 5.23% in the corresponding period of the previous year.

Washington: They may not all be as sinister as Kevin Spacey or as inappropriate as Jennifer Anniston in the Hollywood blockbuster “Horrible Bosses,” but recent research conducted by three University of Louisville professors highlighted that up to 36% of American workers – and possibly higher – work for a “horrible” or “dysfunctional” boss.

The annual presentation of the Union Budget mapping out in exhaustive details the income and expenditure of the Central Government for the fiscal year beginning on April 1 and how it proposes to spend and the ways and means to find the funds for spending will all be revealed on February 28, the last day of this month. 

London: A recent survey has revealed that 65.2% of entrepreneurs who are planning to go into business with family members will do so in 2015. 

Gainesville: For every degree Celsius that the temperature increases, the world loses 6 percent of its wheat crop, according to a new global study led by a University of Florida scientist. That’s one fourth of the annual global wheat trade, which reached 147 million tons in 2013.