Government seeks $5600 mn ADB loan for 21 road projects

For taking up various national highway projects, particularly involving connectivity with neighbouring countries, loan funds from Asian Development Bank (ADB), Japan International Cooperation Agency (JICA) and other multilateral agencies is arranged as per standard borrowing terms of Government of India, says the minister of state for road transport and highways Pon. Radhakrishnan in written re

544 ULBs signs MoU with EESL for led street lights

544 Urban Local Bodies (ULBs) have entered into an implementation agreement with Energy Efficiency Services Limited (EESL) for replacement of street lights with LED street lights till April 03, 2017, says Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to a question in the Lok Sabha. The minister further stated that the target is

Government seeks public comments on commercial coal mining

In a bid to prepare the modalities for allocation of coal mines through auction for sale of coal by private companies, a discussion paper containing proposed eligibility conditions and proposed methodology has been prepared in the first instance to consult the stake holders, says Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to

Jio complementary offer not in sync with regulations: Trai

Trai Chairman R S Sharma said the telecom regulator has advised Reliance Jio to stop 'complimentary' service offer as it was not in accordance with the regulatory framework, reported PTI. "We examined it and found that it was not in accordance with regulatory framework, so we advised them to stop it," Telecom Regulatory Authority of India (Trai) Chairman R S sharma told PTI.

India topped domestic aviation market growth in Feb: IATA

India topped the global charts in domestic air passenger growth for the 23rd straight month in February, helped by strong demand and increased load factor, IATA said as per the PTI report. In February, the country's growth in revenue passenger kilometres (RPK) stood at 17 per cent. Globally, RPK -- an indicator of passenger growth -- declined to 4.8 per cent during the same period. Load fac

Global M&A deal tally touches $678 bn in Jan-Mar: Report

Global merger and acquisition activity got off to a good start this year with deals worth USD 678.5 billion announced in the first quarter, a rise of 8.9 per cent over last year, says a Mergermarket report. According to the global deal tracking firm, there were 3,554 deals worth USD 678.5 billion announced in January-March quarter of this year, while in the corresponding period last year there

CCI nod for Jabil India-Ericsson India pact, 2 other deals

The Competition Commission has approved three deals, including Jabil India's proposed acquisition of Ericsson India's electronic manufacturing services business. In a tweet, the CCI said it has approved the "acquisition of Ericsson India's electronic manufacturing services business by Jabil India". As per the notice submitted to the regulator, Jabil India will acquire Eric

India sees good domestic aviation mkt growth in Feb: IATA

India topped the global charts in domestic air passenger growth for the 23rd straight month in February, helped by strong demand and increased load factor, IATA said. In February, the countrys growth in revenue passenger kilometres (RPK) stood at 17 per cent. Globally, RPK -- an indicator of passenger growth -- declined to 4.8 per cent during the same period.

Load factor refers to occ

Government aims to generate 36,000 MUs nuclear energy in FY`17

The electricity generation from nuclear power in the last two years i.e. 2014-15 and 2015-16 was 37835 Million Units (MUs) and 37456 MUs respectively. The generation in 2014-15 comprised of 35592 MU of commercial generation and 2243 MU of infirm (non-commercial) generation, while the entire generation in 2015-16 was commercial, says Jitendra Singh in a written reply to a question in Rajya Sabha

RBI to release ``banking outlet`` guidelines by month-end

The Reserve Bank will release by this month end detailed guidelines on "banking outlet", aimed at covering the under-served areas, reported PTI. These will supersede the branch licensing guidelines in force, RBI said in its first bi-monthly monetary policy of 2017-18. "Final guidelines are proposed to be issued on banking outlets, clarifying on what is a 'banking outlet'

Israel eases visa policy for Indian businessmen

Ahead of Prime Minister Narendra Modi's expected visit later this year, Israel on Thursday said it had eased visa policy for Indian businessmen travelling to that country, allowing them multiple entry business visas that will be valid for five years.

An embassy statement quoting Ambassador Daniel Carmon here said the initiative was "part of the growing partnership between Ind

SAIL charts out strategic sales initiative

The Steel Authority of India Ltd (SAIL) has charted out a "strategic sales initiative" to boost the company's performance in 2017-18, an official said on Thursday.

SAIL achieved 12 per cent growth in saleable steel production and sales of over 13 million tonnes during 2016-17.

The company's Chairman P.K. Singh, at a meeting held at its marketing headquarter

Cabinet clears MoU on passenger cruise services

The union cabinet has approved the Memorandum of Understanding between India and Bangladesh on passenger cruise services on the coastal and protocol routes, as per the government release.

The motive behind the agreement was to start regular movement of passengers and tourists in water crafts between the two countries. In a statement, the government said that, “The union cabinet

India's domestic passenger traffic up 17% in February

India's domestic passenger traffic grew by 17 per cent in February, a global airline association said on Thursday.

"India topped the domestic chart for the 23rd month in a row," the International Air Transport Association (IATA) said in its global passenger traffic data.

India's domestic revenue passenger kilometres (RPK) and available seat kilometres (ASK)

Agriculture Ministry signs MoU for geo-tagging of farm land

The Agriculture Ministry and the National Remote Sensing Centre in Andhra Pradesh on Thursday signed a Memorandum of Understanding (MoU) here for geo-tagging of agricultural land.

Union Agriculture Minister Radha Mohan Singh told the media here that the move will help bring about transparency in governance due to real-time monitoring and utilisation of agricultural assets.

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Government electrifies over 13,000 villages out of 18,452

The government has managed to cross another milestone by electrifying over 13,000 villages so far out of the 18,452 unelectrified ones. "The Ministry of Power has achieved a remarkable milestone of electrifying more than 13,000 villages out of the 18,452 unelectrified villages," the Rural Electrification Corporation said in a statement. According to the statement, as on April 6, a tot

FMCG highest paying industry in India: Randstad survey

The FMCG industry has emerged as the highest paying industry in India with an average annual cost to company (CTC) of Rs 11.3 lakh across all levels and functions, says a survey. A robust demand for qualified personnel in sales, marketing and supply chain management roles coupled with close to 30 per cent of jobs being posted in over 10 lakh category is being seen as the primary driver for FMCG

Problem of call drops is more severe indoors, says DoT

Ministry of communications & information technology has said that Department of Telecommunications (DoT) has been taking various initiatives to address the problem of call drops in mobile networks. The Telecom Service Providers (TSPs) have installed about 2,12,917 additional BTSs (Base Transceiver Stations) across the country during the period from June 2016 to February 2017. “From th

Cabinet clears MoU between India, Bangladesh on mass media

The union cabinet has approved the Memorandum of Understanding between India and Bangladesh on co-operation in mass media, said the government. The government said in a statement that, “The union cabinet chaired by the Prime Minister Narendra Modi has approved the MoU on cooperation in the field of mass media between India and Bangladesh.”

Further, the main areas of cooper

Cabinet gives nod to support Belmont Forum Secretariat

The Union Cabinet has given its nod for supporting the Belmont Forum Secretariat, a high-level group of the world’s major funders of global environmental research and international science councils. In the Cabinet meeting, chaired by Prime Minister Narendra Modi, an approval was given for signing of the Collaborative Agreement with French National Research Agency (ANR), France for support

Cabinet approves signing of air services pact with Georgia

The Cabinet has approved signing of air services agreement (ASA) with Georgia, which will help in establishing air connectivity between the two countries. ASA is the basic legal framework for any air operation between two countries. The agreement will help establish air connectivity between the two nations and has the potential to spur greater trade, investment, tourism and cultural exchange, a

Railways to use renewable energy in big way: Reports

The Indian Railways has said that it plans to use renewable energy in a big way and is looking to add 1,000 MW of solar and 200 MW of wind energy. As per reports, Prabhu along with Power Minister Piyush Goyal also launched a new report, which said Railways can draw up to 25 per cent of its electric power needs from renewables and achieve the target of 5 GW of solar power by 2025.

Comm

Government clears India-France pact in civil aviation: Reports

The Indian Government has said that the Cabinet has cleared the pact between the Airports Authority of India (AAI) and France's DGAC for technical collaboration in the civil aviation space. As per reports, the memorandum of understanding (MoU) would be between AAI and Civil Aviation Authority (DGAC). Commenting on the issue, a Government Official told the media, “The pact will be bene

There should be single rate of power for steel sector: Aruna Sharma

Steel Secretary Aruna Sharma raised concerns over high power tariff and called for a single rate of electricity across the country for the sector, said media reports. As per reports, the ministry is discussing with the Chhattisgarh government to seek concessional rate of electricity for the sector in the next fiscal also. The Chhattisgarh government's concessional power tariff ended in Marc

India`s steel exports up by 57%: Reports

The Indian Government has said that India's steel industry has come out of the stress, with the exports going up by 57 per cent and imports declining by 34 per cent. Commenting on the issue, Steel Minister Chaudhary Birender Singh told the media, “The country's steel output is at around 120 million tonnes and the government is aiming to achieve 300 million tonnes by 2030.” &