
Maharashtra govt finds company to supply 50 Apple iPads for e-cabinet system
The state govt decided to place an order with a new company. The govt will spend over Rs 1 crore to buy the 50 Apple iPads.
To implement the e-cabinet system immediately, a short-term e-tender was published. As Innovative Techhub was the only bidder eligible in the technical scrutiny, its commercial bid was opened. The total price quoted is lower than bids received previously. The Information Technology department also ensured the reasonableness of the prices mentioned in the supply order given to Innovative Techhub regarding the purchase of iPads, a Govt Resolution (GR) said.
The state govt last week cancelled the work order to buy 50 Apple iPads for ministers and select officials after the supplier said that iPads were not immediately available and couldn't be supplied in a week. The state govt in April decided to provide iPads for all ministers and select senior officials for Rs 1.6 crore for the implementation of an e-cabinet system.
However, activists criticised the govt over the decision to buy iPads for ministers. "A few days ago, the Maharashtra govt proposed purchasing iPads to distribute among ministers. Tenders were even invited. At that very moment, I raised a question — For ministers who don't even have official email IDs, what exactly is the use of an iPad? A toy? Who found a contractor who can't even supply 50–60 iPads? How was his tender approved? Is this just administrative incompetence, or something more? Who will answer these questions? 90% of ministers don't have official govt email IDs.
Those who do use emails, use private ones. So, this e-Cabinet — was it going to run on WhatsApp? e-governance without email is like walking blindfolded," RTI activist Vijay Kumbhar said in a post on X.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
9 minutes ago
- Economic Times
Stock market hit by $11 billion exodus in 1 month. Why company insiders are cashing out now
India's booming stock market has seen a significant $11 billion selloff by insiders and promoters in a single month, raising questions about market peaks and maturity. This exodus includes notable exits from major companies, balanced by increased investment from domestic institutions and retail investors. Experts suggest varied motivations behind the sales, from profit-taking to strategic rebalancing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's soaring equity markets have triggered an exodus of insiders and promoters who have dumped a massive $11 billion worth of stocks in just one month. The unprecedented scale of selling has investors questioning whether smart money is fleeing at the peak or if India's market is mature enough to handle the selloff."Insider and promoter (majority shareholder) stake sales accelerated in May-June 2025 following the sharp rerating of the Indian market, with insiders and promoters selling Rs 95,000 crore ($11 billion) in the past one month alone," Kotak Institutional Equities said in a selling wave has swept across marquee names, with large exits witnessed in Bharti Airtel Asian Paints and IndiGo over the past two months. The scale of individual transactions tells the story of a market where big players are cashing out: Vishal Mega Mart's promoter Samayat Services sold stakes worth Rs 10,220 crore, while Bajaj Finserv saw promoter stakes worth Rs 3,504 crore and Rs 2,002 crore change hands in separate non-strategic investors have also joined the exit parade, with BAT selling its ITC stake worth $1.5 billion and RIL offloading its Asian Paints holdings valued at $1.1 numbers reveal a fundamental shift in market dynamics. Private promoter holdings in the BSE-200 Index have declined to 37% in the March 2025 quarter from 43% in March 2021, reflecting a steady selldown in promoter stakes. Meanwhile, domestic investors have stepped up aggressively, with their combined holdings (mutual funds, banking and financial institutions, and retail) surging by 430 basis points to 25.2% from 20.9% over the same portfolio investors haven't been immune to the rebalancing act either, with their holdings dropping to 20.2% from 24.4% during the same timeframe."The increased supply can be seen as a stabilising force to absorb the flows coming into the capital markets. It is providing incremental avenues to the money managers to invest & keeping the price levels in check at aggregate level," said Atul Bhole, Executive Vice President and Fund Manager at Kotak Mutual Bhole offers a nuanced perspective on the selling frenzy: "Promoters paring their stakes is an obvious signal that they are considering their shares trading at higher than fair valuations. However it needs to be seen as an additional input in an investment evaluation. There can be errors of judgement about future potential or promoters can also have different goals like diversification or other uses like charity, buying real estate etc at a particular life stage."Mihir Vora, CIO at TRUST Mutual Fund, views the supply pressure as a natural market phenomenon. "Some supply pressure is inevitable when markets rally — and to an extent, it's healthy. It improves free float and brings price discovery in names that were tightly held. In many cases, we've seen these sales met with strong institutional demand, especially from domestic mutual funds and insurers."The key question for investors is intent. "We look at the intent behind the sale. If promoters are monetizing to invest back into the business, or if PE/VC funds are exiting after long holding periods, it's not a concern. What we avoid are situations where exits are paired with governance red flags or signs of operational stress," Vora analysis suggests multiple motivations behind the selloff: "We would note that insiders and promoters may have several reasons (business strategy, group and promoter debt) for selling stakes."What's particularly striking is how retail households, channeling investments through domestic institutional investors, have emerged as the primary buyers. "It is obvious that retail households (through DIIs) have bought at the expense of FPIs and insiders," the Kotak report India's equity markets continue their remarkable ascent, the $11 billion insider exodus serves as both a reality check and a testament to the market's maturation. Whether this represents smart money taking profits at the peak or simply a healthy rebalancing act will likely determine the market's trajectory in the coming months.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)


Time of India
12 minutes ago
- Time of India
Apple hits pause on foldable iPad plans, here's why
Apple is said to be working on a foldable iPad which the company was rumoured to launch this year. However, a new online report suggests that Apple has halted the development of its foldable iPad due to high production cost, limited consumer demand and some unsolved technical and design issues. Tired of too many ads? go ad free now According to a report by DigiTimes, the Cupertino-based tech giant has presently shifted its focus from foldable iPad to foldable iPhone. The foldable iPhone is going through early prototyping stages and is tipped to launch next year. The foldable iPad, once envisioned as a premium hybrid between a tablet and a MacBook, is now delayed indefinitely, with no clear timeline for revival. 'Sources familiar with the matter say Apple had also been exploring a foldable iPad alongside the iPhone. However, the company has decided to pause progress on the larger foldable device for the time being. Industry experts attribute this decision to manufacturing difficulties, increased production expenses—particularly related to flexible display technology—and a relatively modest consumer demand for larger foldable devices,' said the report. The report also suggests that sources close to the matter reveal the foldable iPad's price tag could exceed even its most expensive iPads, making it a tough sell in a market where tablets already occupy a niche segment. Additionally, Apple's insistence on a crease-free display—a problem that still plagues many foldables—has proven difficult to solve without driving up cost. While the project isn't canceled outright, analysts now expect a potential launch closer to 2028, if at all.


India Today
15 minutes ago
- India Today
EPF, NPS can build Rs 12 crore retirement fund. Tax expert breaks it down
A tax-free salary today and a Rs 12 crore retirement corpus tomorrow. That's the financial outcome tax expert Sujit Bangar says is possible using just two tools: the Employees' Provident Fund (EPF) and the National Pension System (NPS).For salaried individuals earning up to Rs 14.65 lakh annually, Bangar believes this combination offers the best of both worlds: zero tax under the new regime and long-term wealth a recent LinkedIn post, Bangar, who is the founder of shared a straightforward calculation. Take a 30-year-old earning Rs 75,000 a month. If this person contributes Rs 12,500 each to EPF and NPS — a figure that includes both employee and employer shares — and increases both salary and investments by 8% every year, the results can be substantial. Over a 30-year period, the EPF contribution would grow into a corpus of Rs 4.74 crore, while the NPS investment would reach Rs 7.42 that's a retirement fund of Rs 12.16 crore, most of it makes this strategy more appealing, according to Bangar, is how it aligns with the tax rules under the new income tax contributions of up to 12% of basic salary in EPF and up to 14% in NPS are tax-exempt. When structured correctly, these exemptions can effectively eliminate any tax liability for those with annual salaries up to Rs 14.65 in Bangar's view, offers stability and predictable growth. It earns 8.25% interest annually, and the maturity amount is tax-free after five those who want to increase their fixed-income exposure, additional contributions can be made through the Voluntary Provident Fund. NPS, meanwhile, brings flexibility and higher return potential. It allows investors to choose between an equity-heavy or age-based investment mix. Historically, NPS returns have ranged between 9 to 11%.At the time of retirement, 60% of the corpus can be withdrawn without tax, while the remaining 40% is used to purchase an annuity that provides monthly maximise the benefits, Bangar suggests starting with a higher equity allocation in NPS during early working years and gradually shifting to debt as retirement approaches. He also recommends using the Systematic Lump Sum Withdrawal option post-retirement to avoid large tax he cautions that neither product is a one-size-fits-all solution. EPF has limited liquidity, which means it shouldn't be relied on for short-term financial needs. NPS, by design, requires that 40% of the retirement corpus be locked into an annuity, which cannot be withdrawn during the retiree's lifetime. These tools are best used as part of a long-term strategy, not for meeting every investment for those focused on tax efficiency and retirement security, the case for EPF and NPS is strong.(Disclaimer: This article is for general informational purposes only and does not constitute financial advice. Readers are encouraged to consult a certified financial advisor before making any investment or financial decisions. The views expressed are independent and do not reflect the official position of the India Today Group.)- EndsMust Watch