Government extends low-cost home subsidy to units built on pvt land

The Centre today announced a new PPP policy to boost private investment in affordable housing that allows extending Central funds of up to Rs 2.50 lakh for each house to be built by private builders even on private land. The policy, which also aims to open up immense potential for private investments in affordable housing projects on government landparcels in urban areas, gives eight public pri

No daily allowance for employees to travel on LTC: Government

Central government employees will not get a daily allowance on Leave Travel Concession (LTC), according to an official order. The LTC allows the grant of leave and ticket reimbursement to employees who are entitled under the rules to travel to their home towns and other places. Employees were earlier entitled to an allowance which varied with their ranks. Any incidental expenses and the expendi

Anti-dumping duty on Chinese tyres positive: Icra

The re-imposed anti-dumping duty on Chinese tyres is positive for the industry as it will provide a level-playing field for domestic manufacturers. Domestic rating agency Icra expects this will lead to a strong demand pickup for large truck tyre manufacturers.

The government on September 18 slapped anti-dumping duty ranging between USD245.35 and USD452.33 per tonne on Chinese tyres fo

Mineral auction to fetch Rs 1.5 lakh cr this Fiscal Deficit : Reports

A top Official has said that auction of 54 mineral blocks in the current fiscal is likely to fetch Rs 1.5 lakh crore to the mineral rich states. As per reports, the states have garnered Rs 73,000 crore revenue from auction of 21 mineral blocks so far.

Commenting on the issue, Mines Secretary Arun Kumar told the media, "In this current financial year, we expect to auction 54 mines

Will appoint receiver and auction assets, SC tells Unitech`s Sanjay Chandra

The Supreme Court on Thursday said it will appoint a court commissioner as the receiver of real estate major Unitech's properties to realise the Rs 7,600 crore to be paid to home buyers if they opt for refund of the amount given for buying flats.

The bench of Chief Justice Dipak Misra, Justice Amitava Roy and Justice A.M. Khanwilkar also said that they would put to auction the ass

Modi calls for new cooperatives in different sectors

Prime Minister Narendra Modi on Thursday advised farmers and villagers to take the help of cooperatives in sectors like honey bee farming, selling of neem seeds and sea weed farming to increase their income.

"Cooperative movements are not only about systems. There is a spirit that brings people together to do something good. There are several sectors where the cooperative sector

Deep learning to drive market predictions by 2019: Gartner

Deep learning, a variation of machine learning (ML), will be a critical driver for demand, fraud and failure predictions by 2019, market research firm Gartner said on Thursday.

ML through deep learning is increasingly being used in predicting demand, determining deficiencies around service and product quality, detecting new types of fraud, streaming analytics on data in motion and pro

Railways looking at ways to speed up electrification process

The railways ministry is looking at ways to speed up the electrification process as it would help cut down Rs 16,000 crore expense on diesel, Union Minister Piyush Goyal said today. He said the ministry is consulting all the people who are involved in the electrification process.

The important things which are involved in the process include availability of equipment and adequate infr

Meals served on trains should carry supplier info: Minister

A Government Official has said that Railway Minister Piyush Goyal has asked officials to ensure that meals served on board trains carry information about quantity and the contractor supplying it, as the national carrier continues efforts to improve catering services.

As per reports, the railway board has said that Goyal has asked that food served to passengers has the name of the supp

Indians should aspire to achieve highest quality: Piyush Goyal

With the Indian society becoming increasingly "aspirational", Railway Minister Piyush Goyal on Thursday made an impassioned plea to citizens to also aspire for the goal of achieving the highest quality in all spheres of activity.

"The aspiration of the nation has to change... People have to think of what could be the way to make this country aspirational for the goal of

Airtel, Voda slam IUC cut; Jio says consumers to benefit

Older telecom firms Bharti Airtel and Vodafone today cried foul over the regulator slashing call connect charges, saying it will worsen the financial health of telcos, a charge that newcomer Reliance Jio rubbished on grounds that customers must benefit from falling costs, reported PTI.

Telecom Regulatory Authority of India (Trai) Chairman R S Sharma, in an interview to PTI, dismissed

1000 bank branches open Aadhaar updation centres on premises

The UIDAI said over 1,000 bank branches of 42 private and public sector banks have opened Aadhaar enrolment and updation centres within their premises, reported PTI. The Aadhaar issuing body further said it has received commitments for opening of such centres in 15,000 bank branches "at the earliest".

"Bank Aadhaar Kendras are being established with a view to make the A

India, Kazakhstan to expand oil, gas, nuclear ties

India and Kazakhstan on Wednesday discussed expanding cooperation in hydrocarbons and nuclear energy sectors, as well as expanding the International North-South Transport Corridor by linking it to the Kazakhstan-Turkmenistan-Iran rail link, an official statement said here on Wednesday.

These and other issues figured at the two-day meeting of the Inter-Governmental Commission (IGC) wit

Nasscom offers Rs 10-lakh grant for social innovations

Nasscom Foundation of the Indian IT industry apex body on Wednesday announced a Rs 10-lakh grant each for mentoring technology-based social innovations in five thematic areas.

"The Nasscom Social Innovation Forum (NSIF) will award grants of Rs 10 lakh each to winners of innovations in five areas of financial inclusion, healthcare, environment, education and accessibility," t

Government schemes should reach every section: Venkaiah Naidu

Stressing that the country will develop only with the uplift of the most downtrodden sections, Vice President Venkaiah Naidu here on Wednesday said government schemes like Make in India, Skill India, Digital India and Clean India should reach everyone.

"When the most downtrodden and most undernourished sections of the society are uplifted, only then will the dreams of Mahatma Gan

India will better its 175 GW clean energy target: Official

India can surpass its target of installing 175 gigawatt (GW) of renewable energy capacity by 2022, and plans to bring offshore wind energy and large hydro-electric projects under the ambit of renewable energy towards realising this, a senior official has said.

"With prices of solar and wind coming down, we are confident that we will not only achieve the 175 GW target, but will al

Bill & Keep regime by TRAI will help make services affordable for customers: Reliance Jio

Reliance Jio on Wednesday said it is committed to implementing the most efficient telecommunications network in India and passing on the benefits of technology to Indian customers, adding that implementation of the Bill & Keep regime by the Telecom Regulatory Authority of India (TRAI) will help in making services more affordable for Indian customers.

"It should have been impl

Rs 113 cr spent on maintenance of medical devices: J.P. Nadda

The Union Cabinet was on Wednesday apprised about the progress made in the country's health sector, including spending Rs 113 crore in 2016-17 on maintenance of 4,560 medical devices which were not functional in various public hospitals.

According to Union Minister of Health J.P. Nadda, there were a total of 7,56,000 equipment in 29,115 government medical institutions in India. Ho

Tea exports rise 4.58% in January-July

Indian tea exports rose by 4.58 per cent to 121.13 million kg during the first seven months of 2017 compared with 115.83 million kg in the corresponding period last year, Tea Board of India data said on Wednesday.

In value terms, tea exports increased to Rs 2,363.22 crore during January-July period compared with Rs 2,260.07 crore in the same period last year.

Indian tea expo

IUC cut will further dent incumbent players` financial books: Sanjay Kapoor

With the telecom regulator slashing interconnection usage charges (IUC) to 6 paise per minute, telecom industry expert Sanjay Kapoor feels it will further dent the financial books of the incumbent players in the short run.

"IUC is a further dent in the short run for the incumbents and probably a good news for the challenger," Kapoor told BTVi in an interview.

Sayin

Minister hints at sugar imports for stable prices

Union Food Minister Ram Vilas Paswan on Wednesday said the government may consider allowing sugar imports if prices go up during this festive season.

"We do not want sugar prices to increase during the festive season. We will do (import) it, if the need arises. We want to keep the prices stable. However, there is no shortage of sugar as of now," Paswan said on the sidelines

UP Cabinet ratifies amended DPR for Metro rail project

The Uttar Pradesh Cabinet has ratified an amended Detailed Project Report (DPR) for the second phase of Metro rail from Dilshad Garden in Delhi to the Ghaziabad new bus stand, a government spokesman said on Wednesday.

The original project cost of Rs 1,770 crore was increased to Rs 2,210 crore under the modified DPR made in 2014.

The increased cost was approved at a meeting o

Car sales in India to grow by 9% in 2017: Moody`s

Car sales in India are expected to grow by nine per cent this year riding on the back of GST regime as well as new product launches, Moody's Investors Service said today. "Indian car sales will remain robust, growing 9 per cent this year and 7 per cent in 2018, supported by the impact of India's new goods and services tax (GST) as well as new model launches," Moody's said

There is a need for reforms in transport sector: Minister

A Government official has said that Union minister Nitin Gadkari has asked transport ministers of states to submit suggestions on tax and permit issues. As per reports, chairing a meeting of the Transport Development Council (TDC), the apex body that advises the Centre on matters relating to the sector, in Vadodara, the road transport and highways minister underscored the point that there is ne

Regulator has given its views, concerned players may explore remedies: Arun Jaitley on IUC

Finance Minister Arun Jaitley on Wednesday said the telecom regulator has given its views on Interconnection Usage Charges (IUC) and it is for the service providers to explore remedies for it.

"The regulator has given its views. It is for the concerned players to explore whatever remedies are there for them," Jaitley told reporters here.

He was replying to a query