Centre seeks Arunachal government`s support for rural electrification

The central government on Wednesday sought the support of the Arunachal Pradesh government for expeditious completion of the rural electrification programme under the Deen Dayal Upadhyaya Gramjyoti Yojana.

Union Power Secretary Ajay Bhalla along with senior officers of Power Ministry and Rural Electrification Corporation Ltd called on Chief Minister Pema Khandu here.

Out of

PNGRB changes bid norms for CNG, PNG retail licence

After "one paisa" bids spoilt the initial auction rounds, oil regulator PNGRB has proposed to radically change the bidding parameters for obtaining a licence to retail CNG and piped cooking gas in cities, reported PTI. The Petroleum and Natural Gas Regulatory Board (PNGRB) has proposed to conduct future auctions by asking companies to quote the tariff they will charge for transportati

Minister to fund 10 more cities under Smart City mission: Minister

Union Minister Hardeep Singh Puri has said that the names of 10 more cities to be funded under the Centre's flagship Smart City Mission will be announced very soon. As per reports, the housing and urban affairs ministry has till now announced the names of 90 cities that the government aims to help under the scheme. Under the scheme, each city will get Rs 500 crore as central assistance for

India earns $27 bn from foreign tourist arrivals in 2017

Union Tourism Minister Alphons Kannanthanam has said that India earned an income of USD 27 billion from foreign tourist arrivals in the year 2017. As per reports, in 2017 alone, there was an increase of 15.2 per cent in the foreign tourist arrivals to the country. Commenting on the issue, Union Tourism Minister Alphons Kannanthanam told the media, "And the foreign exchange earnings went up

Odisha seeks Rs 6,500 cr for railway projects in Budget

Odisha Chief Minister Naveen Patnaik on Wednesday sought Rs 6,500 crore for railway projects in the state in the Union Budget for 2018-19.

In a letter to Railway Minister Piyush Goyal, Patnaik said such a package will help both Odisha and Indian Railways in furthering their goals of economic and social justice.

"This packages includes detailed proposals for the ongoing

Edtech sector growing fast; poor digital infra big challenge

Online education is growing fast in India as candidates take the e-route to gain new skills but poor digital infrastructure and low completion rates are the top challenges facing this sector, say experts.A large number of entrepreneurs are venturing into this space and this space is expected to see an uptrend in the next 3-5 years thanks to the Digital India campaign, the cultural importance gi

Global semiconductor revenue to hit $451 bn in 2018: Gartner

 Worldwide semiconductor revenue is forecast to total $451 billion in 2018, an increase of 7.5 percent from $419 billion in 2017, a Gartner forecast said on Wednesday.

This represents a near doubling of Gartner's previous estimate of 4 per cent growth for 2018.

"Gartner has increased the outlook for 2018 by $23.6 billion compared with the previous forecast, of

Every Indian to own smartphone in 5 years: Amitabh Kant

 Every Indian will have a smartphone in the next five years, Niti Aayog Chief Executive Amitabh Kant said on Wednesday.

Speaking at the India Digital Summit organised by the Internet and Mobile Association of India (IAMAI), Kant said there were nearly 400 million smartphone users in the country.

He said this was a period of huge technology disruption in the country.

Trai report on mobile service quality of telcos by January-end

Telecom regulator Trai will release its assessment on quality of mobile services benchmarked to the new call drop rules by January-end, Chairman R S Sharma said on Wednesday according to the PTI report. The Telecom Regulatory Authority of India will also come out with its views on rules of tariff assessment by next week.

It is currently holding consultations with stakeholders for fina

Huge opportunity to export LNG to India, China: IEA chief

There is a huge opportunity for the US to export LNG to India and China in the next five years as they push to replace coal, the head of the International Energy Agency has said as he highlighted the growing importance of the two nations in the energy market. Fatih Birol, executive director for the agency, said both India and China use gas at a minimum level.

Globally, the share of ga

Air India sale to go on, but suggestions welcome: Minister

 "Suggestions" on Air India's strategic divestment are welcome but the proposed stake sale in the debt-ridden national carrier will go on, Civil Aviation Minister Ashok Gajapati Raju has said.

On recent reports that a Parliamentary Panel might recommend to scuttle the divestment process, Raju said: "Members of Parliament are free to suggest. Whatever suggestion

Budget likely to approve 4 rail corridors: Reports

According to Officials, the budget is likely to approve the four remaining corridors that will complete the railways' ambitious 'golden quadrilateral', connecting the four metros -- Delhi, Mumbai, Chennai and Kolkata -- through a high-speed network. As per reports, two corridors of the quadrilateral -- Delhi-Mumbai and Delhi-Howrah -- were sanctioned at a cost of Rs 11,189 crore and

Government to auction 55 blocks for oil, gas exploration on Jan 18

India will tomorrow put on auction 55 exploration blocks in the first bid round in eight years that will offer a record area for prospecting of oil and gas, the head of country's upstream regulator said. This will be the first auction under the new Hydrocarbon Exploration and Licensing Policy (HELP) that allows companies to carve out blocks of their choice with a view to bringing about 2.8

Minister of Mines reviewed production of iron ore in Odisha

Union Minister of Mines Narendra Singh Tomar on Tuesday met mining companies from Odisha to review the production of iron ore, subsequent to the closure of 6 mines in Odisha. The Minister noted that some miners still have a headroom to increase production within their permissible Environment clearance and other limits.

The Minister requested the miners to follow the Supreme Court orde

RBI withdraws directions issued to Suri Friends` Union Co Bank

Reserve Bank had withdrawn directions issued to the Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. “Directions imposed were extended and modified from time to time, last being up to January 06, 2018 vide Directive dated June 29, 2017,” RBI said in a press release.

Reserve Bank, on being satisfied that in the public interest it is necessary to do so, i

Commerce ministry and CII sign MoU to develop logistics sector

The Government has recently entrusted the task of integrated development of Logistics sector in the country to the Department of Commerce. To fulfill this a MoU with Confederation of Indian Industry has been signed on Tuesday in the presence of the Minister for Commerce & Industry Suresh Prabhu in New Delhi.

The Government has decided to reduce the Logistics cost in the country fr

Committee recommends higher price for lower berths: Reports

A fare review committee of the railway board has recommended that railway passengers should pay more for choosing lower berths and travels during festive seasons. As per reports, the panel constituted to review the flexi-fare system in premium trains has recommended that the railways should adopt the dynamic pricing model followed by airlines and hotels. Commenting on the issue, a committee off

Drop GST on Bio-diesel from 18 to 5 percent, demands industry

 Struggling to survive despite the government 's clean energy dream, biodiesel industies have demanded the Goods and Service Tax (GST) rate on them be slashed from the current 18 to 5 per cent.

The demand came days after solar industry made a similar pitch, stating while unrealistic levy on the solar panels is killing the indian industry and giving an edge to Chinese exporter

Modi to open business summit in Maharashtra in February

 In a bid to attract investments to the state, the Maharashtra government has decided to hold a "Magnetic Maharashtra: Convergence 2018" conclave in Mumbai from February 18 to 20 and it will be inaugurated by Prime Minister Narendra Modi.

Conversion rate for memorandums of understanding (MoU) in the state had been highest in the country, as it was a place made for busin

Industry hopeful of smooth trial run of e-way bill

India Inc is hopeful of a smooth trial run for the e-way bill system which commenced on Tuesday.

The trail run comes near a fortnight before the implementation of e-way bill for inter-state transportation of goods under GST from February 1, 2018. An e-way bill is required for movement of goods worth more than Rs 50,000.

In December 2017, the Goods and Services Tax (GST) Coun

Experts call for re-skilling people to protect, create jobs

With automation, Artificial Intelligence (AI) and disruptive technologies increasingly replacing human beings, industry experts on Tuesday called for re-skilling techies for their retention and creating more jobs for future.

"The skills that were required for jobs 20 years ago and the present day are not the same just as the skills that will be required are. So, we have t

Investors pledge big investments at Bengal business meet

 Several corporate houses on Tuesday came forward with big investment proposals for West Bengal and right at the start of "Bengal Global Business Summit" here an estimated Rs 17,000 crore worth of investments were pledged by top business houses.

Reliance Industries Chairman Mukesh Ambani committed Rs 5,000 crore for the state over a few years in the digital ecosystem, r

Bring petroleum and natural gas products under GST: CII

 Industry body Confederation of Indian Industry (CII) on Tuesday sought the inclusion of petroleum and natural gas products under the unified indirect tax regime GST at the earliest.

According to CII, till the time that petroleum and natural gas derived goods come under GST, the system of "C Form" should be continued to avoid high tax incidence on these products.

Train delays this winter can be worst in 4 years: Survey

As temperatures in parts of northern India plunge during winter, an app-based railway ticketing service has predicted that train delays in the current fog season would be the worst in the last four years.

"The National Train Delay Index as measured by RailYatri this fog season in the last 15 days of December 2017 stands at 87 minutes with the worst of the typical fog days still t

Global IT spending to reach $3.7 tn in 2018: Gartner

Global IT spending is projected to total $3.7 trillion in 2018 -- an increase of 4.5 per cent from 2017, market research firm Gartner said on Tuesday.

"Global IT spending growth began to turn around in 2017, with continued growth expected over the next few years. Uncertainty looms as organisations consider the potential impacts of Brexit, currency fluctuations and a possible glob