Not government`s business to tell tourists what to eat or drink: NITI Aayog CEO

It is just not the government's business to tell the people what they should eat or drink because it would hurt the tourism industry, NITI Aayog CEO Amitabh Kant said on Friday, amid alcohol prohibition and beef ban diktats in the country.

In an address to the World Economic Forum, Kant also questioned how can tourists visiting India chill out if they are barred from making their

SEBI categorises mutual fund schemes to help investors

MUMBAI - India's market regulator has classified mutual fund investments into five broad categories and said it would allow only one scheme per category with some exceptions, in an effort to help retail investors take decisions easily.

The categories are equity, debt, hybrid, solution-oriented and others, the Securities and Exchange Board of India (SEBI) said in a

Maharashtra restores full power supply to major cities

 Following a furore over what was termed as "a temporary load-shedding", power-surplus Maharashtra on Friday afternoon restored fully supply to all major cities, an official said here.

"We have managed to purchase 700 MW power from the markets and consequently restored supply to all major cities including parts of north-east Mumbai, Pune, Aurangabad urban, Nag

BSNL-Mobikwik wallet clocks Rs 1 cr GMV in 45 days

State-run telecom operator BSNL and digital payments firm MobiKwik's co-branded mobile wallet has registered transactions worth over Rs 1 crore within 45 days of its launch. The companies expect a 10-fold growth in gross merchandise value (GMV) in the next 12 months, according to a statement. "...the co-branded wallet has registered over Rs 10 million GMV within the first 45 days of la

Lower state taxes on ATF, make fuel part of GST: Ajay Singh

SpiceJet CMD Ajay Singh made a pitch for a cut in state taxes on ATF and bringing it within GST to make the Indian aviation sector the fastest growing in the world, reported PTI. Speaking at the India Economic Summit of the WEF, he said the sector if given benefits in terms of taxation and cost, there is no reason why India will not emerge as the fastest growing aviation market in the world in

Water level in 91 major reservoirs rises to 67%

The water level in 91 major reservoirs across the country has risen to 67 per cent of their total storage capacity from 66 per cent last week, the government said today. As of September 28, the water storage in the reservoirs was 103.429 billion cubic metres (BCM). It has now increased to 105.851 BCM. The latest water levels in the reservoirs are 90 per cent of the storage reported during the c

Not state`s biz to decide what tourists eat, drink: NITI CEO

With the widening alcohol prohibition threatening to impact the country's tourism industry, NITI Aayog CEO Amitabh Kant said it is not the states' business to decide what a tourist should eat and drink, reported PTI. "Indian states can't get into what a tourist want to eat and drink. Just not possible...what he wants to eat and drink is his individual business and not the state

Lower VAT on petrol, diesel: Opposition to Jharkhand government

The opposition parties have asked the Jharkhand government to reduce the Value Added Tax (VAT) to help the people reeling under high prices of petrol and diesel.

The Jharkhand Mukti Morcha (JMM), which is the main opposition party in the state, has threatened agitation if the VAT was not reduced to half from the existing 22 per cent by October 30.

"Our party w

FDI in textile grew three times in last 2 years, has more potential: Smriti Irani

Foreign direct investment into the country's textile sector has gone up three times in the last one-and-a-half to two years, resonating the confidence of foreign investors in the industry, Union Minister Smriti Irani said on Friday. The textile minister asserted that the country's man-made fibre sector can soon look forward to "good news" inter-ministerial group (IMG) has been

Domestic public cloud market to touch $1.7 b in 2017: Report

Global analyst firm Gartner has estimated a 43 per cent growth in the public cloud services market in the country in 2017 to USD 1.9 billion. However, for 2018, the report sees a slowdown in growth pace to 29 per cent at USD 2.63 billion and to USD 3.34 billion in 2019. "Ongoing new entries into the public cloud managed service provider and migration services space indicate continued overa

IBBI notifies Information Utilities Regulations, 2017

Ministry of Corporate Affairs on Thursday said that IBBI had notified the IBBI (Information Utilities) Regulations, 2017 on 31st March, 2017. These regulations provided that ordinarily a person should not hold more than 10 per cent of paid up equity share capital or voting power of an information utility, while allowing certain specified persons to hold up to 25 per cent.

The amendmen

States should cut VAT on petrol, diesel: Dharmendra Pradhan

Oil Minister Dharmendra Pradhan today asked states to follow the Centre's footsteps in cutting taxes on petrol and diesel and said auto fuel as also natural gas should be included in the GST to cut cascading effect of duties, reported PTI. The Centre had earlier this week cut excise duty on petrol and diesel by Rs 2 per litre each to provide relief to consumers from three-month long relentl

Airtel tops 3G, 4G speed scores; Jio in 4G reach: OpenSignal

Bharti Airtel has topped OpenSignal's 3G and 4G speed charts, although Reliance Jio is still ahead in terms of 4G availability, according to the broadband speed testing firm's latest report as per the PTI. "As it did six months ago, Airtel took both our 4G speed and 3G speed awards. We measured average LTE downloads of 9.2 Mbps and 3G downloads of 3.6 Mbps on its networks.

Metro fare hike: Minister directs calling of DMRC officials` meet

As the AAP-led Delhi government continues to oppose the proposed Metro fare hike, Delhi Transport Minister Kailash Gahlot on Thursday asked Chief Secretary M.M. Kutty to call a meeting of all Delhi government-nominated Directors on the DMRC Board.

Gahlot asked Kutty, one of the five government-nominated Delhi Metro Rail Corporation (DMRC) Directors, to call the meeting to direct

Centre sanctions Rs 28,262 cr to Punjab for paddy procurement

The Centre on Thursday sanctioned a Cash Credit Limit (CCL) of Rs 28,262.84 crore for paddy procurement in Punjab this kharif season that will last till October-end, official sources said.

Chief Minister Amarinder Singh's personal intervention in the matter facilitated the CCL release, required to ensure timely payment to farmers, a spokesperson in the Chief Minister's Of

Real Estate sector will overcome problems, says Hardeep Puri

The Government is committed to ensure a decent living habitat to all in urban areas and in particular, for the poor and has taken various initiatives in this regard, asserted the Minister of Housing and Urban Affairs Hardeep Singh Puri on October 05.

The flagship new urban missions launched during the last three years constitute an integrated urban habitat model, he further said. Puri

BSES offers cash back on payment of power bills via Mobikwik

 In a move to encourage digital payment of electricity bills on time, BSES, one of the two power distribution companies (discoms) in Delhi, on Thursday announced a cash back scheme by which consumers stand to benefit by up to Rs 300 per month if they pay their bills through the digital payment platform Mobikwik.

"To avail the cash-back, all a consumer has to do is make the p

Rajnath, Gadkari in Andamans to lay foundation of various projects

Union Home Minister Rajnath Singh and Union Road, Transport, Highways and Shipping Minister Nitin Gadkari are on a two-day visit to Andaman and Nicobar Islands, where they will lay foundation for various National Highways and Shipping projects worth Rs 1,321 crore.

According to a government statement, the highways projects include construction of 26 km of national highways (NH) betwee

Bengaluru Metro gets European Investment Bank financing

 India here on Thursday signed a loan agreement with the European Investment Bank (EIB) for a 300 million euro-financing for the second phase of the Bangalore Metro Rail Project, an official said.

The amount for "Phase II Line R6" of the Namma Metro (Our Metro) in Bengaluru represents the first tranche of the 500 million euro financing of the project approved in July, t

India`s domestic passenger traffic rises over 16% in August

 India's domestic passenger traffic grew by 16 per cent in August, a global airline association said on Thursday.

"Indian airlines achieved a 36th consecutive month of double-digit traffic growth as demand rose 16 per cent," the International Air Transport Association (IATA) said in its global passenger traffic data.

"Traffic continues to be stimulate

Nearly 150,000 jobs at risk due to financial strain on telcos: Estimates

Nearly 150,000 direct and indirect jobs in India's debt-ridden and loss-making telecom sector face "clear and present danger" of corporate downsizing, as per estimates by industry sources.

At present, the sector is burdened with astronomical debt -- to the tune of nearly Rs 8 lakh crore by some estimates -- and heavy losses due to a slew of freebies which are being

Wind power tariff plunges to record low of Rs 2.64 per unit

Wind power tariff has dropped sharply to an all-time low of Rs 2.64 per unit during the second auction conducted by the Solar Energy Corporation of India (SECI) for 1 GW projects. "Wind power tariff has fallen to record low of Rs 2.64 per unit in the tariff-based competitive bidding conducted by the SECI yesterday," an industry source said. The auction, which started yesterday, conclu

Cosmetic & personal care industry can generate more jobs

Union Minister C R Choudhary today said cosmetic and personal care industry has potential to generate more jobs and entrepreneurs should take advantage of schemes like Startup India that promote setting up of new business. He also said companies should not befool consumers with cheap products and should sell superior quality products complying with national and international standards. "Yo

Rail ecosystem can create 10 lakh jobs in a yr: Piyush Goyal

Working on various areas across the railway ecosystem in India can create 10 lakh jobs within a year, Union Minister Piyush Goyal said today. Monetising the real estate assets as well as fast tracking some of the existing investment plans would generate a lot of employment opportunities in the railways and the ecosystem around it, he said.

"My own sense is, may not be directly jo

Competition in telecom coming down: Sunil Mittal

India's largest telecom company Bharti Airtel said it is awaiting the report by a high- level inter-ministerial panel and the government on stress in the telecom sector where competition is "going down" as a result of consolidation, reported PTI.

"We are waiting for IMG (inter-ministerial group) and Telecom Commission report," Mittal told reporters on the sidel