Non-hydro renewable capacity to touch 155GW by 2026: BMI

A research report has revised upward the non-hydro renewable energy capacity in India to 155 GW from 130 GW by 2026 on the back of higher than expected solar installation and successful wind auctions, said media reports. Commenting on the issue, a BMI Research Official said, "Higher than expected solar installation rates and the successful implementation of wind energy auctions in the coun

No. of train accidents declined in last 3 yrs: Rail Ministry

The railway ministry has said that there has been a decline in the number of train accidents in the last three years after it initiated a series of safety measures. In 2014-15, the number of accidents was 135 which decreased to 107 in 2015-16 and further to 104 in 2016-17, it said. As per reports, the issue of rail safety has come to the fore after 13 coaches of Utkal Express derailed near Khau

Telecom sector bat for lower financial charges: Study

The financial stress on the telecom sector can be reduced to a great extent by considering a reduction in spectrum usage charges as well as license fees, according to an ASSOCHAM-KPMG joint study. The high reserve price of spectrum may need to be revisited in light of the financial stress which industry faces in the current scenario.

The government may consider uniformity in import du

Dharmendra Kumar appointed as Director General of RPF

CISF ADG Dharmendra Kumar has been appointed as Director General of the Railway Protection Force. Kumar, who is a 1984 batch IPS officer of Arunachal Pradesh-Goa-Mizoram-Union Territories (AGMUT) cadre, took charge on August 21, 2017.

Before being appointed Additional Director General (ADG), Central Industrial Security Force (CISF, Kumar was serving as Special Commissioner (Special Un

Government gives green nod to new proposed airport in Andhra Pradesh: Reports

The Indian Government has said that it has given environment clearance to a greenfield international airport at Bhogapuram in Vizianagaram district, Andhra Pradesh, which is estimated to cost Rs 2,260.73 crore.

As per reports, the Government has also given the green nod for another proposal which aims to extend Runway 26 at Vijayawada airport, Krishna district, at a cost of Rs 144.93

RBI to sell four dated Government sec for Rs 15,000 cr on August 24

The Reserve Bank of India on Monday said it will auction Government of India four dated securities for Rs 15,000 crore on August 24, 2017. “The auction will be conducted using multiple price method,” RBI said in a notification. The apex bank said that up to 5 per cent of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per th

India`s rights for explore sea mining extended by 5 years

India’s exclusive rights to explore polymetallic nodules from seabed in Central Indian Ocean Basin (CIOB) have been extended by five years, according to an official statement. Ministry of Earth Science has said that these rights are over 75000 sq. km of area in international waters allocated by International Seabed Authority for developmental activities for polymetallic nodules.

Rs 14,986 cr foreign exchange earned through tourism in July

Indian tourism industry earned Rs 14,986 crore monthly Foreign Exchange Earnings (FEEs) in the month of July 2017. “Foreign Exchange Earnings (FEEs) during the month of June 2016 were Rs 14,285 crore and Rs 11,982 crore in July 2015,” according to statement released by the ministry of tourism on Monday. FEEs during the period January- July 2017 were Rs.1,02,082 crore registering a g

India puts curbs on import of green gram, black matpe

MUMBAI  - India has capped imports of green gram and black matpe at 300,000 tonnes, the government said in a notification on Monday, as the prices of the pulses have plunged due to record production.

The restriction will help support local prices of both the lentils in the world's biggest importer of the pulses, but will put pressure on producers such as Myan

Declining air quality biggest global challenge: Piyush Goyal

Checking the rapid decline in environment quality caused by increasing greenhouse gas emissions globally has perhaps become the most important challenge for humanity, Power Minister Piyush Goyal said on Monday.

"The last 10 to 15 years have seen a rapid decline in the quality of the atmosphere due to increasing greenhouse gas emissions globally and it has become probably the larg

Banks need to pay 3% IGST on bullion imports: CBEC

Banks will have to pay 3 per cent Integrated Goods and Services Tax (IGST) on imports of gold and silver, which can be claimed as input tax credit, the Central Board of Excise and Customs (CBEC) said on Monday.

"Yes, 3 per cent IGST is payable on all imports of precious metals in addition to the basic customs duty. IGST paid can be taken as input tax credit by the banks," CB

Government seeks holistic approach from Asia-Pacific region for Digital India

Communications Minister Manoj Sinha on Monday called for holistic planning rather than a piecemeal approach to achieve the vision of Digital India and sought a collaborative approach by the Asia-Pacific governments.

He was speaking at a seminar organised by the International Telecommunication Union (ITU) and the Telecom Regulatory Authority of India (TRAI).

Talking about Ind

322 infrastructure projects see cost overruns due to delays: Reports

A report has said that around 322 infrastructure projects worth Rs 150 crore or above each have seen cost overrun of Rs 1.71 lakh crore due to delays and other reasons by March 2017. Commenting on the issue, a Ministry of Statistics and Programme Implementation (MoSPI) Official told the media, "Total original cost of implementation of the 1,231 projects was Rs 15,59,571.06 crore and their

SMEV asks for Rs 40,000 incentive on each e-scooter

Electric vehicle (EV) makers have asked Niti Aayog to formulate policies for giving incentives worth Rs 40,000 on every e-scooter to accelerate adoption of such vehicles powered by lithium battery. In a letter to the government think-tank, Society of Manufacturers of Electric Vehicles (SMEV) said the more technologically advanced lithium battery powered scooter currently costs around Rs 80,000

Coal imports dip 6.4% in FY17 on higher production by CIL

Import of coal saw a decline of 6.37 per cent to 191.95 million tonnes (MT) in 2016-17 on higher production by CIL that saw the country move to a regime of surplus coal. Comparatively, in 2015-16 fiscal, coal imports stood at 203.95 MT, as per official data by the government. "On enhanced production by Coal India (CIL), the country has moved from a regime of coal scarcity to a coal surplus

Trai snubs telcos on allegation over network test paper

Trai Chairman R S Sharma snubbed incumbent services providers on their charge that the regulator did not act in-time against Reliance Jio network testing methodology which allegedly circumvented rules related to subscriber addition, reported PTI. "A vaccine cannot be developed before the disease", Sharma said and asked if operators want the regulator to take action 'suo-moto'

Government ’s street lighting scheme illuminates 50,000 KM of Indian roads

The Government of India’s Street Lighting National programme (SLNP) has illuminated 50,000 KM of Indian roads with installation of 30 lakh LED street lights across the country. With this milestone Energy Efficiency Services Limited, a government of India company under the administration of Ministry of Power, has become the world’s largest street light management company.

T

Treat home buyers at par with banks in realty projects: ASSOCHAM

Apex industry body ASSOCHAM has urged the government, National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India to treat home buyers in real estate projects at par, if not above banks in the pecking order, by providing a separate carve-out for those stuck in the incomplete construction, and any legal hurdle should be immediately removed, by a Presidential Ordinance,

Odisha utility scripts major fall in power losses in rural areas

A private electricity distribution company (discom) is scripting a remarkable story of cutting its aggregate technical and commercial (AT&C) losses in rural Odisha, which remains one of only two states not to have joined the Centre's Uday debt restructuring scheme for the hugely indebted Indian state discoms.

Feedback Energy Distribution Company (Fedco), owned by Gurgaon-based

GST to enable brand licensing industry to grow in India

The implementation of Goods and Services Tax (GST) will enable brand licensing industry to grow in India and also allow retail industry to start respecting intellectual property rights, an official said on Sunday.

"Modern retail would unlock itself because of GST. The new tax system will provide level playing field for all the players. We will start respecting lot of intellectual

Planters apprehensive about future of Darjeeling tea exports, pin hopes on GI tag

Amid fears of losing export markets to other nations due to the ongoing unrest in the northern West Bengal hills, Darjeeling's tea planters are hoping that the Geographical Indication (GI) tag will enable them to regain their market share in the future.

All plucking and manufacturing operations in Darjeeling's 87 gardens have been suspended since June 9 due to the crisis in th

Fix responsibility on prima facie evidence: Suresh Prabhu

A day after 24 people were killed in s train derailment in Uttar Pradesh, Railways Minister Suresh Prabhu on Sunday said that he has directed the Chairman Railway Board (CRB) to fix responsibility on prima facie evidence by the evening.

He also said that he would not allow laxity in operations by the Railway Board.

"Will not allow laxity in operations by the (Railways)

Steel consumption up 3.7% in July

India's steel consumption in July rose by 3.7 per cent to 6.905 million tonnes (mt) over corresponding month last year and exports in the last month grew by 64 per cent, the Steel Ministry's latest report said on Saturday.

"Overall consumption in July at 6.905 mt was down by 4.2 per cent over June 2017 but was up by 3.7 per cent over July 2016," the report of the min

India`s July domestic air passenger traffic up 12%

 Domestic air passenger traffic rose by 12.43 per cent in July to 95.65 lakh from 85.08 lakh reported for the corresponding month of last year, official data showed on Friday.

On a sequential basis, total domestic air passenger traffic had risen by 19.98 per cent to 95.68 lakh in June.

According to data furnished by the civil aviation regulator Directorate General of Ci

Pradhan meets Patnaik on tax dispute between IOCL, Odisha

In a bid to reach an "amicable" settlement of the present tax-dispute between Indian Oil Corporation Limited (IOCL) and Odisha government, Petroleum Minister Dharmendra Pradhan met Chief Minister Naveen Patnaik here on Friday.

Pradhan was of the view that though the state had extended the tax concession in 2004, there was a necessity of finding an amicable solution to the pr