CORPORATE WORLD

ias-officer-set-to-join-uber-india-at-a-salary-&-perks-of-03-crs-a-year

IAS officer set to join Uber India at a salary & perks of 03 Crs a year

Indianmandarins has reliably learnt that IIT Kanpur alumnus Rajiv Aggarwal (IAS:1993:UP) is all set to join Uber India as Head for Policy at a salary and perks of about 400,000$ Or Rs 3 crores. If its true, the pay, perks and position is considered a big jump for an IAS and others alike.

It may be underlined that Rajiv Aggarwal has put in his papers seeking VRS from IAS; almost ten years of his retirement i.e. May 2029. Presently, he is working as Joint Secretary in the Department of Industrial Policy & Promotion.

At a time when several IAS officers are not so enthusiastic about their career prospects Aggarwal’s move would prove to be a benchmark for his peers gauging prospects to move to the corporate world. Recently, a very senior IAS officer in his writeup revealed/apprehended that more IAS resignations are likely in coming months. 

26 Sep 2019
coal-blocks-being-captured-by-top-mining-companies

Coal blocks being captured by top mining companies

Top private sector companies are getting huge mining contracts. The private players are securing huge blocks by signing mining development and operation (MDO) contracts. If state governments follow this practice, then it is illegal according to Supreme Court order. As this order applies only on states, top players are securing contracts from other routes. CLICK TO RELATED STORY.

23 Oct 2018
ias-officer-set-to-join-uber-india-at-a-salary-&-perks-of-03-crs-a-year

IAS officer set to join Uber India at a salary & perks of 03 Crs a year

By IndianMandarins 26 Sep 2019

Indianmandarins has reliably learnt that IIT Kanpur alumnus Rajiv Aggarwal (IAS:1993:UP) is all set to join Uber India as Head for Policy at a salary and perks of about 400,000$ Or Rs 3 crores. If its true, the pay, perks and position is considered a big jump for an IAS and others alike.

It may be underlined that Rajiv Aggarwal has put in his papers seeking VRS from IAS; almost ten years of his retirement i.e. May 2029. Presently, he is working as Joint Secretary in the Department of Industrial Policy & Promotion.

At a time when several IAS officers are not so enthusiastic about their career prospects Aggarwal’s move would prove to be a benchmark for his peers gauging prospects to move to the corporate world. Recently, a very senior IAS officer in his writeup revealed/apprehended that more IAS resignations are likely in coming months. 

coal-blocks-being-captured-by-top-mining-companies

Coal blocks being captured by top mining companies

By IndianMandarins 23 Oct 2018

Top private sector companies are getting huge mining contracts. The private players are securing huge blocks by signing mining development and operation (MDO) contracts. If state governments follow this practice, then it is illegal according to Supreme Court order. As this order applies only on states, top players are securing contracts from other routes. CLICK TO RELATED STORY.

world-bank-announces-cpf-for-india,-may-boost-the-growth-trajectory

World Bank announces CPF for India, may boost the growth trajectory

By IndianMandarins 21 Sep 2018

A firm announcement by Prime Minister Narendra Modi  that India will be a USD 5 trillion economy by 2022, the World Bank has brought a supporting programme by proposing five year Country Partnership Framework (CPF). This will support  India’s ambitious plan to enter higher middle income group category country. This Country Partnership Framework will bring USD 30 billion financial support. CLICK TO READ RELATED ARTICLE. 

21-lakh-company-directors-fail-to-register-for-eligibility

21 lakh company directors fail to register for eligibility

By IndianMandarins 17 Sep 2018

The Ministry of Corporate Affairs (MCA) has started the process of elimination of ghost directors in companies. Less than 12 lakh individuals, or just over 35% of the 33 lakh “active directors” have complied with the newly-mandated know-your customer or KYC requirement to be eligible for board positions in companies.


The deadline ended on Saturday midnight and MCA is unlikely to extend it. The MCA will freeze the director identification number (DINs) of those who do not meet the new guidelines.

Earlier this year, MCA had mandated that individuals with DINs complete KYC formalities by September 15. The move was part of a clean-up drive meant to rid several company boards of drivers, domestic helps, and others who were nominated on company boards without their knowledge.

The ineligible directors again become eligible after they comply with the registration requirement and pay a fee of Rs 5,000. While close to 50 lakh DINs have been issued, only 33 lakh were considered to be active directors. Even among this lot, a large number is likely to be ghost directors.

The KYC rules are part of a larger exercise to shut down shell companies and identify those with “significant beneficial ownership” or entities that hold over 10% stake in listed and unlisted companies. As part of the crackdown on shell companies nearly three lakh companies that had not filed returns have been deregistered and over three lakh directors have been disqualified.

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