'Government policies benefiting fertiliser, steel and other sectors'

Chennai:   The Union government's policies have started benefitting sectors like steel, fertiliser and others and diversified industrial conglomerate Murugappa group expects its units capacity utilisation to reach around 90 per cent this fiscal, said a top group official.

Interacting with reporters here on Friday, Executive Chairman A. Vellayan also said

Prez stresses on clean, renewable energy to meet power demand

Days after the Union Cabinet cleared a proposal for setting up ten nuclear reactors, President Pranab Mukherjee stressed on the need for using clean and renewable energy to meet the country's growing power demand, reported PTI.

The president was inaugurating the country's first-of- its-kind microgrid power project at the Indian Institute of Engineering Science and Technology (

25% rise in foreign tourist arrivals in April: Government

The tourism ministry has registered over 25 per cent increase in foreign tourist arrivals in the country in April 2017 over the same period last year. According to a statement by the ministry, the number of foreign tourist arrivals (FTA) in India in April 2017 was 7.40 lakh as compared to 5.99 lakh tourists in April, 2016 and 5.42 lakh tourists in April, 2015.

"The growth rate in

Khadi industry plans to employ 5 cr people in 5 yrs: Giriraj Singh

The Ministry of Medium, Small and Micro Enterprises (MSME) has a target to employ around five crore people through the khadi industry over the next five years, Union minister Giriraj Singh has said. "We have made a plan to introduce solar-run spinning wheels in KVIC (Khadi and Village Industries Commission) so that it can provide employment to over five crore people throughout the nation i

RBI slaps Rs 15 lakh fine on The Karad Urban Co-operative Bank

The Reserve Bank of India has imposed a monetary penalty of Rs15 lakh on The Karad Urban Co-operative Bank Ltd., Mumbai for breach of individual housing loan limit, breach of limit on loans for repair for house and diversion of loans for purchase of plot/land.

“The central bank has imposed a monetary penalty of Rs15.00 lakh on The Karad Urban Co-operative Bank Ltd., Mumbai in ex

Railways to launch redesigned e-tendering system: Reports

The Indian Railways has said that it will launch shortly its redesigned e-tendering system with more user-friendly new features to facilitate digital participation of over 60,000 vendors. As per reports, the system envisages that bids are invited online and the entire process leading to award of a tender is done electronically.

Commenting on the issue, a senior rail official told the

Railways considering ideas to improve its security: Reports

Railway Minister Suresh Prabhu has said that he has stressed the need for safety and security on the Indian Railways and he is mulling ideas from stakeholders for improving security across its network.

Commenting on the issue, Railway Minister Suresh Prabhu told the media, "In India, there are various vulnerable sections in our network. The railways is looking at ideas from diffe

Power producers see tariffs coming down under GST regime

Thermal power tariffs are likely to come down due to lower tax rate on coal under the Good and Service Tax regime which is expected to be rolled out from July 1, 2017, reported PTI. The tax rate has been finalised at 5 per cent on coal as against the current tax incidence of 11.69 per cent at the GST Council meeting held in Srinagar.

"The coal-based thermal power rates of differe

Extend Jan Dhan model to mutual fund industry: BSE chief

BSE chief Ashishkumar Chauhan batted for Jan Dhan kind of model for the mutual fund industry, a move which will help in channelising household savings into the instrument, reported PTI.

"The time has ripened for Jan Dhan Model to be extended for mutual fund industry as a suitable regulatory measure to enlarge and broad base its size both in terms of subscription and volumes for o

`Auto sector may contribute 12% to India's GDP in next decade`

India's automobile industry is likely to contribute 12 per cent to the country's GDP over the coming decade, from 7.1 per cent at present, Union Minister Anant Geete said according to the PTI report. The minister was here to inaugurate a test track facility developed by Global Automotive Research Centre.

The commissioning of the facility is expected to invite greater investmen

Looking at ideas for improved security on railways: Suresh Prabhu

 Railway Minister Suresh Prabhu on Thursday stressed the need for safety and security on the Indian Railways and said it is mulling ideas from stakeholders for improving security across its network.

"In India, there are various vulnerable sections in our network. The railways is looking at ideas from different stakeholders for improving security," the Minister said

Crop insurance claims seen soaring to Rs 13k cr in 2016-17

The crop insurance claims are likely to touch Rs 13,000 crore in the 2016-17 crop year ending next month, in spite of good monsoon, indicating other risks weighing heavy on the farm sector. More farmers applied for the upgraded crop insurance policy 'Pradhan Mantri Fasal Bima Yojana (PMFBY)' launched in the 2016-17 crop year (July-June) with better features like lower premium, early and

Reports of mass layoffs by Indian IT companies incorrect: Nasscom

Software industry body National Association of Software and Services Companies (Nasscom) on Thursday dismissed as incorrect reports of mass layoffs by IT companies in India.

The industry body said the numbers being reported with regard to layoffs across different sources are not in line with the actual employment progression. 

"In fact, the industry conti

Petrol pumps to sell LED bulbs, tubelights, ceiling fans soon

Consumers would soon be able to buy energy efficient LED bulbs, tubelights and ceiling fans at petrol pumps at much lower retail rates. The consumer would get the LED bulb for Rs 65, tubelight for Rs 230 and ceiling fan at Rs 1,150. These appliances would be sourced by the three state-run oil marketing companies (OMCs) -- Hindustan Petroleum, Indian Oil and Bharat Petroleum -- from the state-ru

CCEA approves four-laning of Porbandar-Dwarka section of NH -8E

The Cabinet Committee on Economic Affairs (CCEA) has said that it has approved four-laning of the Porbandar-Dwarka section of the National Highway-8E in Gujarat. As per reports, the decision was taken at the CCEA meeting chaired by the Prime Minister Narendra Modi. Commenting on the issue, Union Power Minister Piyush Goyal told the media,

The project would involve around 117 km of roa

Regrob opens 21st branch in Vijayawada

Regrob, a top real estate brokerage company in India, announced the launch of its 21st branch in Vijayawada Andhra Pradesh. "With every new branch, the roots of Regrob are growing deeper and stronger in the industry", said CEO Vivek Raman.

Rated as the easiest state to do business, Andhara Pradesh is now a new home for Regrob, a company with the second highest market share i

Government nod for amending law to allow construction near protected monuments

The Union Cabinet has approved amendments to a law for allowing the central government to carry out infrastructure projects within the limits of "prohibited area" around protected monuments The Ancient Monuments and Archaeological Sites and Remains Act 1958 will be amended to allow "public works of national importance" in the prohibited areas, said Union minister Piyush Goya

Government constitutes panel to suggest reforms for telecom sector

The Indian Government has said that it has constituted an inter-ministerial panel to suggest policy reforms for the telecom sector, which is reeling under severe financial stress. As per reports, the panel, comprising senior officials from the ministries of finance and telecom, will examine the systemic issues affecting viability and repayment capacity in the telecom sector and furnish recommen

CCEA approves laying of rail tracks in Maharashtra: Reports

The Cabinet Committee on Economic Affairs (CCEA) has said that it has approved the laying of rail tracks in Maharashtra, Uttar Pradesh and Andhra Pradesh to decongest busy routes. As per reports, the CCEA, chaired by Prime Minister Narendra Modi, cleared the construction of an electrified third line between Manmad and Jalgaon in Maharashtra. Commenting on the issue, a Government Official told t

Government to build 10 pressurised nuclear reactors: Reports

The Indian Government has said that to ramp up nuclear power generation in the country it has cleared a proposal to build ten indigenous Pressurised Heavy Water Reactors. As per media reports, each reactor will have the capacity to produce 700 MW of electricity.

Commenting on the issue, Union Power Minister Piyush Goyal told the media, "A total of 7000 MW capacity will be added.

Government approves program for development of bio-pharma: Reports

The Indian Government has said that it has approved a programme for development of bio pharmaceuticals through industry-academia collaboration. The program will need an investment of Rs 1,500 crore over a period of five years.

Commenting on the issue, a Government Official told the media, “The programme will focus on development of specific products such as vaccines, biotherapeu

Apple begins production of iPhone SE model in India

In a bid to gain foothold in the fast-growing Indian smartphone market, Apple on Wednesday announced commencement of initial production of its popular iPhone SE model at its Bengaluru facility.

"We are beginning initial production of a small number of iPhone SE in Bengaluru. iPhone SE is the most popular and powerful phone with a four-inch display in the world and we'll

Cabinet approves new coal linkage policy

NEW DELHI  India approved on Wednesday a new coal linkage policy to ensure all power projects get adequate supply through a bid process or power purchase agreements, to help debt-laden generators which have had to import coal despite adequate domestic stockpiles.

Under the policy, state- and central government-owned power generating companies will be granted

Cabinet clears new coal linkage policy for power sector

The Union cabinet on Wednesday approved the introduction of a new coal linkage policy -- Shakti -- for the power sector.

According to the Union cabinet, Shakti -- Scheme for Harnessing and Allocating of Koyala (coal) Transparently in India -- has been envisaged to make optimal allocation of the natural resource across power units.

"Allocation of linkages for p

Cabinet approves agriculture research institute in Assam

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the setting up of an agriculture research institute in Assam, to help spur growth in north eastern states.

Briefing media on the Cabinet decisions, Union Minister Piyush Goyal said the government had plans to bring a green revolution in the north-east region and the new Indian Agricultural Research In