FICCI welcomes draft textiles policy of Uttar Pradesh government

S K Khandelia, Co - chairman, FICCI Textiles Committee has welcomed the draft Textiles Policy of UP which shall set the vision for the sector in the State. Prior to the release of the draft policy, FICCI had submitted detailed suggestions to the UP Government for formulation of a vibrant and competitive Textiles Policy.

Commenting on the draft Policy, Khandelia said “It is heart

RBI issues directions to CKP Co-operative Bank, Mumbai

The Reserve Bank of India on Wednesday issued directions to the CKP Co-operative Bank Ltd, Mumbai, Maharashtra for a period of four months from December 01, 2017 to March 31, 2018. The CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions vide directive dated April 30, 2014, from close of business on May 2, 2014. The validity of the directions was extended from time to tim

Tap into opportunities due to IT explosion, President tells Bengal

Observing that West Bengal was a "slow starter" in IT, President Ram Nath Kovind on Wednesday urged it to grab the opportunities presented by digital explosion and replicate the past successes of its famous scientific entrepreneurs.

"Bengal was a slow starter in Information Technology and IT-Enabled Services. Now it has another chance," Kovind told the closing cere

Mittal believes TRAI will have another round of talks on OTT

Bharti Airtel chairman Sunil Bharti Mittal today said he was not aware of the Telecom Regulatory Authority of India's (TRAI) recommendations on bringing app-based calling and messaging services under the licensing regime, but believed that it would have another round of consultation on the matter, reported PTI. "Our request was that the OTT players in the telecom arena should have the

Tea prices likely to rise on production decline

After a stagnant phase lasting months, tea prices have started firming up and are likely to rise further on the back of declining production for a variety of reasons, experts say.

As per Tea Board India data, production in North India in September declined by 42 million kg. Apart from Assam, tea production in the Dooars and Terai regions of West Bengal also went down by around nine mi

Nigeria new attraction for Indian pharma firms

As Indian pharma firms look to increase their footprints in Africa, Nigeria seems to be offering opportunities, as its pharmaceutical market is likely to grow to $3.6 billion by 2026, according to a study by international consulting group McKinsey.

"The Nigerian pharma market could rise by as much as nine percent a year over the next 10 years to reach $3.6 billion by 2026, making

Twitter is part of net neutrality problem, says FCC`s Ajit Pai

 Following a letter in which Twitter along with others had asked US Federal Communications Commission (FCC) to reconsider its plan to end net neutrality, the agency's Indian-origin Chairman Ajit Pai has dubbed the micro-blogging site as a "part of the problem".

During an event hosted by the "free market think tank" R Street Institute and the "liberty&

India`s chemical industry to hit $300 bn by 2025: Government

India's chemical sector is expected to double its size at USD 300 billion by 2025, clocking an annual growth rate of 8-10 per cent per, the government said as per the PTI report. To meet this objective, the Centre also announced plans to bring a new policy to promote the domestic industry and curb imports. Addressing a CII conference, Department of Chemicals and Petrochemicals secretary Raj

Garment exporters demand restoration of pre-GST rates

Garment exporters demanded restoration of duty drawback and Remission of State Levies (ROSL) rates to pre-GST levels, claiming that a whopping six million jobs may be lost in the sector if urgent remedial measures were not taken, reported PTI. India's apparel exporters are facing intense competition from countries like Bangladesh, Pakistan and Vietnam, owing to lower competitiveness.

Trai bats for unrestricted net access, telcos say narrow view

Telecom regulator Trai recommended measures for non-discriminatory access to all content and services available on Internet with some exceptions as required under government rule, court order and the like, reported PTI. The Telecom Regulatory Authority of India, in its recommendation on net neutrality, has cautioned that discriminatory treatment would include any form of restriction or interfer

Net Neutrality promotes equitable access to internet: Nasscom

Endorsing the telecom regulator's recommendation for Net Neutrality, Indian IT apex body Nasscom on Tuesday said the multi-stakeholder approach would promote equitable access to internet for every citizen.

"As Net Neutrality is core to the digital economy, we welcome the Telecom Regulatory Authority of India's (TRAI) commitment to preserve the democracy of the intern

PM Modi hard sells India at Global Entrepreneurship Summit

Hard selling India before an international audience that included US President Donald Trump's daughter Ivanka Trump, Prime Minister Narendra Modi invited entrepreneurs from across the globe to invest in India for the world at large by taking advantage of an investment-friendly environment.

"To my entrepreneur friends from across the globe, I would like to say: Come, Make in I

Reliance Foundation-backed Jasdan FPC`s turnover zooms in Kharif 2017

Reliance Foundation (RF) backed Farmer Producer Company (FPC) at Jasdan in Rajkot district has achieved a 128 per cent growth in turnover in Kharif 2017.

According to the foundation, the FPC was set up in August 2016 and has touched the current business milestone in its second season of operation.

"Establishment of FPCs is one of the key interventions under the rural tr

BSES powered IITF without gensets, saved 1.27 lakh litres of diesel

For the first time, the two-week-long India International Trade Fair (IITF) held here earlier this month, was powered without using diesel gensets, saving 1.27 lakh litres of the fuel, said BSES, one of Delhi's two distribution companies (discoms), on Tuesday.

BSES Rajdhani Power Ltd (BRPL) successfully augmented its distribution network in record time to accomplish this feat, the

TRAI backs open internet

MUMBAI/NEW DELHI  - India's telecoms regulator made long-awaited recommendations on Tuesday to ensure an open internet and prevent any discrimination in internet access in the country.

After more than a year of debate, the Telecom Regulatory Authority of India (TRAI) said it opposed any "discriminatory treatment" of data, including blocking, slowing

India, UK to sign agreement on urban transport

India and the United Kingdom will soon sign an agreement in the urban transport sector for cooperation in policy planning, technology transfer and institutional organisation, the government announced on Tuesday.

The agreement would enable the sharing of expertise and latest technology to promote efficient mobility solutions, a Transport Ministry statement said.

Road Transpor

CBEC appoints FICCI as NGA for operation of TIR system in India

FICCI has been appointed by the Central Board of Excise & Customs (CBEC) as National Guaranteeing Association (NGA) under the Customs Convention on the International Transport of Goods under the Cover of TIR Carnets or the operation of TIR System in India.

TIR is an internationally succe ssful customs transit system that enables movement of goods between countries affiliated to th

Trai bars operators from discriminatory practice on net access

Telecom regulator Trai recommended prohibiting Internet service providers from making any discrimination in traffic while providing web access by either blocking or throttling some apps, websites and services or by offering 'fast lanes' to others, reported PTI. In its much awaited recommendations on Net neutrality, the Telecom Regulatory Authority of India (Trai) upheld the principles o

Strong economic growth to boost Indian insurers: Moody`s

Moody's Investors Service, a global rating agency, has said that the latest regulatory reforms in India have improved the ability of Indian primary insurers to take advantage of the country's strong economic growth, a credit positive for the sector. "Regulations introduced since 2015 have facilitated the access of the insurers to capital and reinsurance cover, while encouraging the

Modi launches first phase of Hyderabad Metro

Prime Minister Narendra Modi on Tuesday inaugurated the first phase of Hyderabad Metro and also took a ride from Miyapur to Kukatpally.

The Prime Minister was accompanied by Telangana Chief Minister K. Chandrasekar Rao, Governor E.S.L. Narasimhan and other senior officials.

The 30 km-long stretch from Nagole to Miyapur has 24 stations covering several busy clusters and city

India needs overall energy policy, gas must in GST: Dharmendra Pradhan

Renewing the call for bringing natural gas under the GST regime, Petroleum Minister Dharmendra Pradhan on Tuesday said the country needs an overarching policy covering various energy verticals in order to achieve self sufficiency and security in this critical sector.

Defending the government's target of doubling Indian oil refinery capacity to 600 million tonnes, Pradhan said at a

Pradhan defends mega oil refinery amid e-vehicle push

Oil Minister Dharmendra Pradhan today strongly defended plans to build the Rs 2.7 lakh crore oil refinery on the west coast by 2022 despite the push for electric vehicles, saying that India needs multi-source fuels to meet its fast-growing energy needs, reported PTI. The plan to build the 60 million tonnes (MT) a year capacity refinery in Ratnagiri district of Maharashtra has come in for questi

LED lights helped states save Rs 500 cr

As many as 20 states saved Rs 500 crore in the last one year on their electricity bill, an official of Energy Efficiency Services Limited (EESL) said as per the PTI report. Nearly 40 lakh LED street lights were installed by 20 states which helped 20 states in saving Rs 500 crore in last one year, EESL managing director Saurabh Kumar said at a press conference here today while throwing Internati

Government of India to repurchase government stocks worth Rs 30,000 cr

The Government of India has announced the repurchase of its Securities through reverse auction for an aggregate amount of Rs 30,000 crore. “The repurchase by the Government of India will be undertaken to redeem prematurely the Government Stocks by utilizing surplus cash balances. The above repurchase of the Government Stocks is purely ad hoc in nature,” RBI said in a press release.<

TRAI backs net neutrality with recommendations

MUMBAI/NEW DELHI  - India's telecom regulator has made recommendations to ensure an open internet in the country and prevent any discrimination in internet access in a long-awaited report, after debating the issue of net neutrality for more than a year.

The Telecom Regulatory Authority of India (TRAI) said it was not in favour of any "discriminatory trea