India committed to secure, inclusive cyber space: Sushma Swaraj

Pitching for the government's flagship Digital India campaign in front of a global audience, External Affairs Minister Sushma Swaraj on Friday said that India is committed to an open, safe, secure, inclusive, democratic and dynamic cyber space.

"The Digital India programme is focused on three key vision areas," Sushma Swaraj said while delivering the valedictory add

Prabhu to prepare a business plan to promote exports

The Ministry of Commerce and Industry is in the process of preparing a proper business plan based on scientific market research to promote goods and services globally, said Union Minister for Commerce and Industry, Suresh Prabhu said at an ASSOCHAM event held in New Delhi. For each of the markets, ministry of commerce is in the process of preparing a proper business plan based on scientific mar

ASSOCHAM seeks solution for assured return on PE investment

Batting for one-time solution for the vexed issue of ‘assured return’ on Private Equity investment, the ASSOCHAM has written to Finance Minister Arun Jaitley, urging a meeting between his officials and the global private equity funds so that investments worth several thousand crores of rupees stuck in litigation can be freed.

Pre-agreed price rights and fixed ROE (Return o

Government to auction up to 21 GW solar, wind capacity by March 2018

Buoyed by the success of reverse auction of renewables, the Ministry of New and Renewable Energy today announced auction of up to 21 GW solar and wind capacities by March 2018, reported PTI. The ministry will put on the block 3-4 GW wind power capacities during third and fourth rounds by March 2018. Each round will be of 1.5-2 GW each, said Power and New and Renewable Energy Minister R K Singh

BSE asks brokers to remit excess STT to govt within 15 days

Leading bourse BSE has asked stock brokers to furnish details of excess securities transaction tax (STT) collected by them during fiscal 2015-16 and for prior years as well as remit the amount to the government, within the next 15 days, reported PTI. The move follows a circular issued by additional commissioner of income tax drawing attention towards excess STT collected by some brokers and sub

Over 30 lakh houses sanctioned for urban poor: Government

 Over 30 lakh houses have been sanctioned till now under the central government's flagship Pradhan Mantri Awas Yojana (Urban) scheme, Union Housing Minister Hardeep Singh Puri said here on Friday.

The Minister said more than four lakh houses have already been constructed.

Speaking at the launch of a national workshop on the Pradhan Mantri Awas Yojana (Urban) and the

Congress questions Gadkari on private secretary`s firm

The Congress on Friday asked how Union Minister Nitin Gadkari had permitted the Shipping Ministry as well as PSUs to participate in and financially contribute to a company partly owned by his personal secretary Vaibhav Dange.

The opposition party also raised the point of conflict of interest vis-a-vis Gadkari.

According to reports, Dange floated the 'Indian Federation of

Bid to speed up major highway projects in Northeast

 Continuing its initiative of reducing projects with the overburdened Border Roads Organisation (BRO) and the resultant delays and cost over-runs, the government is transferring over 2,000 km of upcoming highway projects to the fledgling, state-owned National Highways Infrastructure Development Corporation Ltd (NHIDCL), according to informed sources.

While the cost for the 20 imp

Ghana offers tax breaks to attract education investors

Following the success stories of Indian-owned educational institutions Bluecrest University (formerly NIIT) and IPMC Training in Ghana, other Indian companies can take advantage of the government's decision to offer tax breaks to entrepreneurs to improve the country's education sector.

Presenting the 2018 budget earlier this month, Finance Minister Ken Ofori-Atta said Ghana is

Goyal orders probe into Patna-Vasco Da Gama express derailment

 Railway Minister Piyush Goyal on Friday condoled the death of three passengers, who died after 13 coaches of the Patna-Vasco Da Gama express derailed in Uttar Pradesh's Manikpur. He ordered a probe.

"Immediate rescue and relief operations started and an inquiry ordered into the derailment of Vasco Da Gama-Patna Express at Manikpur, UP. My sincere condolences to the fami

EPFO approves proposal to credit ETF units to PF a/cs

Retirement fund body EPFO approved a proposal for crediting exchange traded fund (ETF) units to provident fund accounts of its 4.5 crore members, reported PTI. Employees' Provident Fund Organisation (EPFO) subscribers would be able to see ETF units in their PF accounts by March- end next year.

EPFO's apex decision making body Central Board of Trustee (CBT) has approved an acco

RBI announces conversion of Government of India's securities

The Reserve Bank of India, in consultation with the Government of India, has converted a security worth Rs10,000 crore. “The apex bank has converted a security from its portfolio maturing in 2018-19 having total face value of about Rs 10,000 crore to longer tenor security maturing in 2031-32,” RBI said in a press release.

The transaction has been conducted on November 22,

Electric vehicle sales: Only 5 states excel, Gujarat tops

 Gujarat, West Bengal, Uttar Pradesh, Rajasthan and Maharashtra have emerged as the top 5 states in electric vehicle (EV) sales, the Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday.

An SMEV survey of EVs sold during the last fiscal showed that 1,926 of these were sold in Maharashtra, 2,388 in Rajasthan, 2,467 in Uttar Pradesh, 2,846 in West Bengal and 4,330

Railways saved Rs 5,600 cr in power bills in two years

The Railways on Thursday said it had saved about Rs 5,600 crore vis-a-vis the 'Business As Usual' (BAU) mode by procuring power directly under the open access arrangements.

"The Indian Railways succeeded in achieving a cumulative saving of Rs 5,636 crore from April 2015 to October 2017 against the BAU mode by procuring power directly under open access arrangements,"

Much of opposition to Aadhaar mere nuisance: Minister

Much of the opposition to the use of Aadhaar cards for delivering government services on grounds of privacy being violated is a mere nuisance, Union Minister K.J. Alphons said here on Thursday.

Even getting a visa often requires providing a lot of personal information, which can run into several pages, the Minister of State for Electronics and Informtion Technology said at a session o

Indian tourists 6th in terms of spending in US: US official

Stating that the Indian visitors in the US tend to stay for longer periods and spend more during their stay compared to the US residents coming to India, a US official on Thursday said his government has taken a bouquet of initiatives to attract more Indian tourists.

"India ranks 11th in US in terms of number of visitors but in terms of tourism export market, it ranks 6th because

Road projects worth around Rs 60,000 cr sanctioned for TN: Nitin Gadkari

Union Road Transport, Highways and Shipping Minister Nitin Gadkari on Thursday said road projects worth around Rs 60,000 crore has been sanctioned for Tamil Nadu.

He also said several thousand crore rupees worth of projects in logistics and ports will be developed in Tamil Nadu.

Interacting with reporters here, Gadkari said the work of Rs 20,000 crore Chennai-Bengaluru Expre

Tech companies must prune privacy policies for users: Government

With the privacy policies of tech companies running into dozens of pages and users often accepting the terms and conditions without reading them, there is an urgent need for improving privacy communication to generate nuanced consent from the users, a senior government official said here on Thursday.

"There is a need for simplifying communications to garner more nuanced consent,&

Apparel exports in Rajasthan down 30% in October

Rajasthan's apparel exports declined nearly 30 per cent in value terms in October compared to the year-ago period due to reduction in Reimbursement of State Levies (RoSL) and drawback rates, officials said. The state currently exports Rs 5,000 crore worth apparel in domestic as well as international market.

Reduction in RoSL and drawback rates post GSTimplementation has adversely

Bharti family to pledge Rs 7,000 crore of wealth towards philanthropy

The Bharti family, led by industrialist Sunil Bharti Mittal announced on Thursday it would pledge 10 per cent of its wealth, which is approximately Rs 7,000 crore, including its three per cent stake in group flagship Bharti Airtel, towards supporting the activities of Bharti Foundation, the Group's philanthropic arm.

"Today is a major milestone in the journey of the Bharti fa

Asean connect: Sushma Swaraj holds meet with Governors of northeastern states

As India boosts its trade, connectivity and people-to-people ties with southeast Asia under the Act East Policy, External Affairs Minister Sushma Swaraj on Thursday held an interactive meeting with the Governors of the northeastern states and the Lieutenant Governor of Andaman and Nicobar Islands.

Stating that acting east through India's northeastern region, External Affairs Minis

India firm on stopping terrorists from using social media: Ravi Shankar Prasad

Radical elements and terrorists are abusing social media platforms for perpetuating hate and terror but India is determined to address the misuse of cyber space and thwart them, IT Minister Ravi Shankar Prasad said on Thursday.

Addressing the inaugural session of the fifth edition of the Global Conference on Cyber Space (GCCS) here, Prasad underlined the need to keep the cyber space s

Oil, gas PSU mergers exempt from CCI approval

Merger and acquisition deals involving public sector oil and gas companies have been exempted from seeking the Competition Commission approval, says a notification. The corporate affairs ministry's decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the backdrop of the proposed consolidation and stake purchases among state-owned oil and ga

India cotton exports to drop as pink bollworms eat crop

By Rajendra Jadhav

WARDHA, India  - India is likely to export nearly one-fifth less cotton than previously estimated as pink bollworms are set to eat into the south Asian country's output which was expected to hit a record, industry officials told Reuters on Thursday.

Lower exports from the world's biggest producer will help its rivals like the

Government to boost to air connectivity in Northeast: Minister

Union Minister of State for Civil Aviation Jayant Sinha has said that 92 new routes will be opened in the Northeast region in the second round of the government's 'Udaan' scheme to provide a major boost to air connectivity in the Northeast. Sinha also announced a direct bi-weekly Air India flight from Delhi to Imphal from January next year, which he said would be made a daily servic