Raja did not mislead Manmohan Singh on 2G: Court

 Former Telecom Minister A. Raja "did not misrepresent facts" to then Prime Minister Manmohan Singh on policy matters related to allocation of 2G spectrum licences, a court said on Thursday while acquitting all accused in the case.

"It is clear that complete facts were not placed before the then Prime Minister by his own office, for which A. Raja cannot be faulted,

Vinod Rai is a BJP agent: Kerala Congress

 Kerala Congress President M.M. Hassan slammed former CAG Vinod Rai, calling him an agent of the BJP and asked both Rai and the party to apologise in the wake of the acquittal of all the accused in the 2G scam case.

"With the acquittal, it has now become crystal clear that this was nothing but a politically motivated case and Rai, as then CAG, had come out with an imaginary

2G allotment faulty, corrupt; probe agencies will decide next step: Manoj Sinha

Communications Minister Manoj Sinha on Thursday said the next course of action on the 2G issue would be decided by the investigating agencies, adding that the 2G spectrum allotment was arbitrary, faulty and corrupt.

"Congress party jo chakma de rahi hai (trying to fool), it is all wrong," Sinha said, adding that the NDA government's realisation through spectrum auction w

Government to achieve target of 100 GW of solar power by 2022: R K Singh

The government is confident of achieving the target of 100 Giga Watt (GW) of solar power capacity by 2022, Power Minister R K Singh said today. As against the target of installing 100 GW of solar power capacity as on December 15, a capacity of 16,676 MW has been installed with another 6,500 MW capacity under installation, he said in the Lok Sabha during Question Hour.

The trajectory o

1 lakh safety-related posts lying vacant in railways: Minister

The Indian Government has said that around one lakh posts related to the railways' safety mechanism have been lying vacant as of April 2017. Commenting on the issue, Minister of State for Railways Rajen Gohain told the media that efforts were being made to fill up the vacant posts expeditiously.

"The number of posts lying vacant in safety cadres over all zonal railways is 1,2

Maharashtra power utilities to repay Rs 66,000 cr loan: Minister

Maharashtra Energy Minister Chandrashekhar Bavankule has told the Legislative Assembly that all the three state-run electricity companies are yet to repay loan worth nearly Rs 66,000 crore. Commenting on the issue, Maharashtra Energy Minister Chandrashekhar Bavankule told the media, "The Maharashtra State Electricity Generation Company Ltd (Mahagenco) has an unpaid loan amount of Rs 35,310

Major improvement seen in wind tariff competitiveness: ICRA

Rating agency ICRA has said that even as the tariff competitiveness of wind energy has improved as against the conventional energy sources, its viability continues to be a challenge. According to the rating agency, while the government's wind power bidding programme provides visibility to support capacity additions over the next four years, the renegotiation or cancellation of power purchas

Railways receives 5,500 complaints over catering services

The Indian Railways has said that it has received over 5,500 complaints over catering services in trains in the first seven months of the current financial year. Commenting on the issue, Minister of State for Railways Rajen Gohain told the media, “5,665 complaints were received by the railways between April 1-October 31 this year, over bad catering services.

Complaints regarding

TRAI begins discussions on making ICT accessible for disabled

TRAI today began a dialogue on making ICT accessible for the disabled, saying more policy interventions are needed in this area where benefits of technology have not been fully realised, reported PTI. The Telecom Regulatory Authority of India (TRAI), releasing its latest consultation paper on Information and Communication Technology (ICT), has also sought industry views on whether handset maker

Government may allow 100% FDI in telecom via automatic route

The government is finalising a plan to allow 100 per cent FDI for telecom services through the automatic route which allows firms to attract foreign funds without its approval, sources said as per the PTI report. The proposal is likely to be considered by the Telecom Commission, the apex decision making body of the Department of Telecom, at its meeting scheduled for tomorrow, they said.

Special court acquits all accused in 2G telecoms case

NEW DELHI  - A special court on Thursday acquitted former telecoms minister Andimuthu Raja, politicians and business executives of graft and money laundering charges in the grant of telecoms licences due to lack of evidence in one of the country's biggest corruption scandals.

The case relates to alleged below-market-price sale of lucrative telecoms permits bu

Banks need to take haircut of 60% on NPAs: Crisil

Banks will need to take a "haircut" of up to 60 per cent on their bad loans to resolve the issue of massive non-performing assets (NPAS) accumulated in the Indian banking system, which is holding up higher economic growth, rating agency Crisil said on Wednesday.

According to the American agency S&P-owned Crisil, tepid investment growth and the high level of NPAs are the

SIAM aims for a `complete shift` to electric vehicles by 2047

The Society of Indian Automobile Manufacturers (SIAM) on Wednesday outlined its plans for a "complete shift to electric vehicle regime" by 2047.

Outlining its plan in a "White Paper on Electric Vehicles" submitted to the Central government, the SIAM said that this is in line with the government's vision of 100 per cent electric vehicles for public mobility

Rs 52,000 cr infused in Public Sector Banks since 2015-16: Centre

 The government on Wednesday informed the Lok Sabha that it had so far infused a capital of Rs 51,858 crore in Public Sector Banks (PSBs) under its 'Indradhanush Plan' since 2015-16.

"The government allocated Rs 22,915 crore in 13 PSBs during FY 2016-17 under the first tranche of capital infusion, of which Rs 16,414 (75 per cent) was infused upfront and the rema

Cabinet approves Rail and Transport University

The Union Cabinet on Wednesday approved the Railway Ministry's initiative to set up the first-ever National Rail and Transport University in Vadodara in Gujarat to skill its human resources and build capability.

A statement after the Cabinet meeting, chaired by Prime Minister Narendra Modi, said the University will be set up as a "Deemed to Be University" as per Uni

Cabinet approves new skill development scheme for textile sector

The Union Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a new skill development scheme, covering the textile sector's entire value chain excluding spinning and weaving in the organised sector, from 2017-18 to 2019-20 at an outlay of Rs 1,300 crore, an official statement said.

The "Scheme for Capacity Building in Textile Sector (SCBTS)" will have

Cabinet nod to Indian-Cuban MoU on health, medical cooperation

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the MoU between India and Cuba for cooperation in health and medicine, including exchange and training of doctors and other health professionals and developing health facilities, an official statement said.

The MoU also covers cooperation in development of human resource including short-term trainin

SAIL sends 1,000-tonne TMT re-bars for Indo-Bangla project

The Steel Authority of India Ltd (SAIL) on Wednesday said its central marketing organisation (CMO) flagged off the first consignment of 1,000 tonnes of TMT high corrosion-resistant (HCR) reinforcement bars for the Indo-Bangla Maitree Super Thermal Power Project from Kolkata Port in a barge.

The Maitree project is a 50:50 joint venture inked by the Bangladesh Power Development Boa

India developing bulk drugs to reduce import dependence: DCGI

India is in the process of developing a range of bulk drugs to reduce import dependence, especially from China, a top government official said today. Although a large quantity of bulk drugs is imported from China, India has enough capacity for producing active pharmaceutical ingredients (API), Drug Controller General of India (DCGI) G N Singh told PTI on the sidelines of a CII event here.

Bengal to build 13,000 km rural roads

The West Bengal government is set to build another 13,000 km of rural roads in various districts ahead of Panchayat elections next year, a minister said on Wednesday.

In 2011, the state had got the central government's nod to construct some 20,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana (PMGSY). Of that, about 13,000 km of roads has been completed.


Container port operators to be hurt by excess capacity: Icra

High capacity addition on both the west and the east coasts will dent the business performance of container terminals in the medium-term, a report said as per the PTI. On the west coast, the over-capacity concerns stem from the state-run JNPT, the largest container port in India already handling over half of the volumes, planning to double its capacity with the addition of the fourth terminal.

Bond spreads match three-year low, Indian stocks soar

By Marc Jones

LONDON - The premium investors get for buying emerging market government debt rather than U.S. Treasuries equalled a more a 3-year low on Wednesday, as a spurt up by U.S. yields added to the recent cheer around faster-growing developing economies.

The gap between the average JP Morgan emerging market bond index (EMBI) yield versus 10-year U.S.

350 infrastructure projects show cost overrun of Rs 2.65 lakh cr: Government

As many as 350 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.65 lakh crore due to various reasons including delays, Parliament was informed today. "As on October 1, 2017, a total of 1,263 projects were on the monitor of this Ministry. Of these, 297 are showing time overruns, 350 are showing cost overruns and 103 are showing both time and cost ov

Railways receives 2 lakh complaints on bio- toilets: CAG

A report of the Comptroller and Auditor General of India (CAG) has said that almost two lakh complaints regarding choking, foul smelling and non-functional bio- toilets in trains were received from the public in 2016-2017. The CAG, in its report on 'Induction of bio-toilets in passenger coaches in Indian Railways', has said that out of the 613 trains being handled in 32 coaching depots

SIAM proposes all new vehicle sales in India to be EVs by 2047

Automobile industry body SIAM has proposed all new vehicle sales in India to be pure electric by 2047 while the same for intra-city public transport fleet can be achieved by 2030. In a white paper submitted to the government, the Society of Indian Automobile Manufacturers (SIAM) said it is aiming at 40 per cent of new vehicle sales in the country to be pure electric by 2030.

The paper