Factory activity expands at fastest pace in 5 years in December - PMI

BENGALURU  - - India's factory activity expanded at the fastest pace in five years in December, a private sector survey showed on Tuesday, buoyed by a rise in output and new orders, which allowed firms to raise prices.

Tuesday's data firms up views that business in Asia's third-largest economy continues to recover but also highlights risks that rising

River water issue: Withdrawal of Parrikar letter to Yeddyurappa sought

A Goa-based NGO on Monday demanded that Chief Minister Manohar Parrikar withdraw his letter to Karnataka BJP leader B.S. Yeddyurappa promising to consider the southern state's demand for drinking water from the Mhadei river on "humanitarian grounds".

"The Chief Minister should withdraw the letter written to Yeddyurappa immediately. The act of Parrikar is extremely s

Nearly Rs 2 lakh cr investment proposed for 90 smart cities: Minister

An investment of Rs 1,91,155 crore has been proposed for the 90 cities under the Smart Cities project, Urban Development Minister Hardeep Puri said on Monday, a day after Congress President Rahul Gandhi said only seven per cent of funds for the project had been used.

An official statement issued on Monday quoted the Minister's address to a meeting of the Parliamentary consultative

8% GoI savings bond subscription not stopped: Secretary

Contrary to the earlier notice on the matter, the GOI Savings Bonds, 2003, scheme has not been closed but the interest rate is being lowered to 7.75 per cent, the government said on Tuesday.

On Monday, the government had announced that its GOI Savings Bonds, 2003, earning eight per cent interest per annum, will cease subscription from the close of banking business on January 2.

Telangana begins 24-hour free power supply to farm sector

Telangana became the first state in the country to supply free 24-hour electricity to the agriculture sector as the scheme came into effect from Monday.

In a New Year gift, the Telangana Rashtra Samithi (TRS) government commenced round-the-clock supply to 23 lakh pump sets from midnight.

The government hoped that the move will end the despair of farmers and accelerate the gr

Nagaland, Assam Chief Ministers discuss improving connectivity

Nagaland Chief Minister T.R. Zeliang on Monday called on his Assam counterpart Sarbananda Sonowal in Guwahati and discussed formulation of a common strategy for improvement of connectivity.

The meeting comes in the wake of the recent review meeting with Chief Ministers and Public Works Department ministers of northeastern states chaired by Union Minister of Road Transport, Highways an

India to see $50 bn mergers and acquisitions in 2018: Assocham

ndia is expected to see mergers and acquisitions (M&A) worth $50 billion in 2018 riding on plenty of stressed corporate assets on offer at tempting valuations, a report by industry chamber Assocham said on Monday.

The forecast in 2018 was picked by Assocham Year Ahead Outlook from the trends in 2017 when India's M&A transactions witnessed a quantum jump of 170 per cent in

The growing charm of online shopping fests

 Late last year, business reporters from across the world were invited to Shanghai -- China's largest city -- to witness the people of the most populous country in the world shop relentlessly for 24 hours.

The Chinese e-commerce giant Alibaba, one of the world's largest retailers, has been celebrating the country's ability to buy in abundance through its shopping fest

Abolish CTT on on agricultural produce: CII

Industry body CII on Monday said that Commodities Transaction Tax (CTT) on agricultural produce should be abolished to protect farmers' income.

The industry body said that after witnessing an exponential growth since its inception till FY 2011-12, the commodities Futures market in the country has seen a contraction due to "various reasons such as suspension in trading of

Offices should incentivise those who use cycles: Minister

Leading a six-km-long cycle rally here to promote the cycling habit among citizens, Union Environment Minister Harsh Vardhan on Sunday urged organisations to develop schemes to incentivise the use of cycles for coming to offices as a way to curb air pollution.

Over 500 cycling enthusiasts took part in the cycle rallies here and in the neighbouring district capital of Ghaziabad by stat

Haryana produces 10.54 lakh quintals of sugar

Cooperative sugar mills in Haryana have produced 10.54 lakh quintal of sugar by crushing 117.91 lakh quintal of sugarcane, an official said on Sunday.

The cooperative sugar mill in Shahabad has crushed a maximum of 20.72 lakh quintals of sugarcane with the production of over 1.96 lakh quintals of sugar, a Sugarfed spokesperson told IANS.

The cooperative mill in Rohtak record

Centre, states should invest more in healthcare: Venkaiah Naidu

Vice President Venkaiah Naidu has urged the Centre and state governments to invest more in the healthcare sector and educate people to get health insurance.

Stating that providing proper medical service is the need of the hour, Naidu on Saturday said private sector investments and public-private Partnership (PPP) model should be encouraged more for the betterment of healthcare in

Nutritious food should be promoted in PPP mode: Assocham

 With India and its agriculture and food processing sectors facing grave nutritional challenges, industry chamber Assocham on Sunday suggested the government should adopt a two-pronged strategy based on the public-private partnership (PPP) mode to promote nutritious and diversified food production.

In a report, "Bridging the gap: Tapping agriculture potential for optimu

Centre sanctions Rs 1,250 cr for Assam inland transport

The central government has sanctioned Rs. 1,250 crore for the development of transport sector in Assam, Union Minister for Road Transport, Highways and Shipping Nitin Gadkari said here on Saturday.

Chairing a high powered meeting of the Brahmaputra Board and Water Resources Department at Kaziranga in the state, he said his ministry's decision to pump in this financial assista

GST, demonetisation done to benefit people: Venkaiah Naidu

Hailing the Centre's implementation of GST and demonetisation of higher value notes, Vice President M. Venkaiah Naidu on Saturday said both the moves were made to benefit the common people and change the country's economy.

"With the GST, initially there was some pain. But in the larger picture the GST is going to revolutionise Indian banking system. As a result, the

E-commerce sector rides on Digital India, note ban (2017 in Retrospect)

Adopting disruptive technology and riding on the Digital India bandwagon, the e-commerce sector has survived the slowdown in 2017 and benefited from the note ban, which spurred online transactions.

More than computer-based Internet penetration and broadband extension, the record growth of smartphones and the 4G network rollout made e-tailing popular even in secondary cities and t

Soil health card users manage to save urea by 8-10%: Minister

Union Agriculture Minister Radha Mohan Singh on Saturday said about 10 crore soil health cards have been issued and farmers managed to save use of urea by 8-10 per cent by proper use of the card.

"About 10 crore soil health cards have been issued to the farmers in the country in the last three years. A study was conducted (on the impact) and it suggested that farmers who are

SEBI faces legal challenge in probe over prescient messages

By Abhirup Roy and Rafael Nam

MUMBAI - A series of raids by India's market regulator, investigating whether corporate announcements were prematurely leaked by market participants in social media chatrooms, were the largest it has conducted.

But despite the scale of the action, the Securities and Exchange Board of India (SEBI) will likely face several tou

Over 22,700 online transaction fraud cases till December 21: Minister

 Over 22,700 cases of transaction frauds related to "Credit Card, ATM or Debit Cards and Internet Banking" have been reported in 2017-18 till December 21, Parliament was informed on Friday.

Electronics and Information Technology Minister Ravi Shankar Prasad told the Rajya Sabha, in a written reply, that the online transaction frauds till December 21, 2017 involved

Jammu and Kashmir government to cover all districts under health insurance plan

Jammu- The Jammu and Kashmir government on Friday said that it will cover all 22 districts of the state under the Rashtriya Swasthya Bima Yojana (RSBY) so that poor families can avail the benefits of the Union government's flagship scheme.

"With the implementation of the scheme in the remaining districts, the BPL (below poverty line) families and se

Traders urged to prepare for E-way Bill implementation

The Centre on Friday urged businesses to prepare for implementing the e-way bill for inter-state transportation of goods under GST from February 1, terming it an efficient use of Information Technology.

In a tweet, Finance Secretary Hasmukh Adhia also said that asking traders and transporters to generate the e-way bill online is not "Inspector Raj".

"Asking tr

Gadkari flags off cargo transport through Brahmaputra

 Aiming to give a boost to the inland water transport sector in the North-East, Union Minister Nitin Gadkari on Friday flagged off regular cargo transportation through waterways from Pandu Port near Guwahati to Dhubri along the Indo-Bangladesh border.

Speaking on the occasion, the Union Shipping and Water Resources Minister said: "The central government is keen to develop Br

NITI Aayog slowest in disposing public grievances: Report

Government think-tank NITI Aayog is slowest among 52 central ministries and departments, when it comes to addressing public grievances, reveals a government report.

According to the Centralised Public Grievance Redress and Monitoring System report, NITI Aayog disposed of only 54 per cent of total 5,883 grievances received since the date of its formation January 1, 2015 till December 2

Supreme Court rejects Essel Mining plea for more time to pay Rs 1,800 cr fine

 The Supreme Court on Friday rejected the plea by Essel Mining, a part of the Aditya Birla Group, seeking extension of time to pay a fine of Rs 1,800 crore for undertaking mining activities without forest clearance violation.

"The application for direction is rejected," said the vacation bench of Justice Arun Mishra and Justice Deepak Gupta.

Essel Mining had s

Government to soon bring stringent consumer protection law

 The Union government is preparing to bring a more stringent consumer protection law that has provisions to safeguard consumers' interests against misleading advertisements among other things, Union Consumer Affairs Minister Ram Vilas Paswan said on Friday.

The current Consumer Protection Act was enforced in 1986, and over the years with changing technology, market landscape