Discussions by the Railway Ministry with top six global companies for the launch of very high speed trains in India that can travel at a speed of 600kms per hour was in the advanced stage, Railway Minister Suresh Prabhu said as per the PTI report. "We called for six top global companies who have technology that can travel beyond the 350km/hour speed. These trains can travel upto 600kms/hr
The Indian Railways has said that it plans to scout globally for advanced train wheel sensors at an estimated cost of Rs 113 crore to monitor maintenance needs of coaches, tracks and locos in advance for ensuring safer travels. As per reports, portrayed as 'black box' for train operations, railways will introduce the long awaited sensor-based on board condition monitoring system for tim
According to data, Iron ore shipments handled by the country's 12 major ports surged 169 per cent to 38.61 million tonnes (MT) in the April-January period of this fiscal. As per reports, the Government-owned ports had handled 14.37 MT of the key steel-making raw material in the corresponding period of the previous financial year.
The Indian Ports Association (IPA), which maintains
As part of measures to provide relief to patients, drug pricing regulator National Pharmaceutical Pricing Authority (NPPA) on Sunday said few more medicines will come under the control, as per the media reports. “Next Authority meeting of NPPA on March 9; Few more drugs to come under price control,” NPPA said in a tweet.
The regulator has been fixing and revising the price
Coal Secretary Susheel Kumar has said that domestic coal gas can be used as a feedstock for producing urea and other chemicals that can help reduce India’s import bill by USD 10 billion in 5 years and trim carbon emissions, as per the media reports.
A top official also said that the country's dependence on petroleum and natural gas can be reduced or done away with if India i
Foreign investments in the services sector grew 77.6 percent to USD 7.55 billion in the first 9 months of the current fiscal, supported by government steps to improve ease of doing business, as per the media reports. According to the Department of Industrial Policy and Promotion (DIPP), the sector, which includes banking, insurance, R&D, outsourcing, courier and technology testing, had rece
Country’s largest lender State Bank of India (SBI) has decided to charge penalty, after a gap of 5 years, on non-maintenance of minimum balance in accounts from April 1, and revised charges on other services, including ATMs, as per the media reports. SBI will permit savings bank account holders to deposit cash 3 times a month free of charges and levy Rs 50 plus service tax on every transa
Indian Railways has said that it is exploring the possibility of a transcontinental rail freight service connecting India with Iran and Turkey. As per reports, considered to be a major boost for trade and economic development of the Asia Pacific region, a trans-container goods train from Dhaka to Istanbul covering Bangladesh, Bhutan, India, Nepal, Pakistan, Afghanistan, Iran and Turkey is being
Ratings agency Icra has said that enhanced budgetary allocation of Rs 3.96 lakh crore to the infrastructure sector would boost order inflows and is positive for companies in the segment. Commenting on the issue, an ICRA Official told the media, "Budget focus on infrastructure sees increase in allocation to most schemes; high execution targets is credit positive."
The Railways has said that it has sanctioned projects worth Rs 13,500 crore for the North East in this year's budget. Commenting on the issue, Union Minister of State for Railways Rajen Gohain told the media, "Railway ministry has big plans for the North East. Several new projects amounting to about Rs 13,500 crore have been sanctioned in this year's budget including new lines, bri
The Indian Government has said that the power distribution utilities in Rajasthan, Haryana, Chhattisgarh and Punjab are among major gainers in lowering their interest cost under UDAY scheme meant for revival of discoms. Commenting on the issue, a senior Government Official told the media, "State power distribution companies (DISCOMs) are reporting handsome savings and improvements in opera
Late night landing facility for civil aircraft may begin shortly at Bagdogra Airport in northern West Bengal, Defence Minister Manohar Parrikar said here on Sunday.
The minister, who was on an official visit to northern West Bengal, told media persons at the airport that the government has taken a number of steps to upgrade the airport.
Parrikar said Bagdogra - a town in Dar
The temporary suspension of premium H1-B visa processing by the US administration would delay their issue to the Indian IT firms too but is not a major imperdiment, said industry's representative body Nasscom on Sunday.
"The temporary suspension of premium H-1B processing will create some process delays for the companies - Indian and American -- but is not a significant imped
Coal India on Saturday said its wholly owned subsidiary Central Coalfields Limited (CCL) has approved buy-back of 5,21,000 fully paid equity shares for an aggregate amount not exceeding Rs 1,001 crore.
"The Board of Directors of Central Coalfields Limited at its meeting held on March 3, 2017 has considered and approved the buy-back of 5,21,000 fully paid equity shares
The central government on Saturday launched a major training programme for more than 13,000 small and medium businesses on adopting digital payment modes.
"The objective of ushering in transparency in the system along with reducing corruption can only be achieved with evolved participation of all sections of the society," Minister of Electronics and Information Technology Ra
US will need more H-1B visa-holding skilled professionals if more businesses and manufacturing come back to the US under President Donald Trump's plans, according to Indian Foreign Secretary S. Jaishankar.
Making the case for the H-1B visa programme now under pressure in the US, he said that such professionals would be essential for making the US globally competitive and it would
Shrugging off the impact of the recent demonetisation measure, India's services sector rebounded in February following continuous decline since the November demonetisation measure, revealed key macro-economic data on Friday.
The Nikkei India Services Purchasing Managers' Index (PMI) stood at 50.3 in February, up from 48.7 registered in January, and as compared to 46.8 in Decem
The Telecom Regulatory Authority of India (TRAI) on Friday issued broadcasting quality regulations, one of which prohibits service providers from charging the subscribers for the duration of continuous interruption exceeding 72 hours.
The new rules for the broadcasting sector were issued under the quality of services (QoS) regulations titled "Telecommunication (Broadcasting and C
About Rs 20 crore of loans were so far approved under the Rs 200 crore venture capital fund for micro, small, medium enterprises (MSMEs) in West Bengal, an official said on Friday.
"Three units have so far been assisted under the venture capital fund created for MSMEs and a total of Rs 20 crore of loans is approved so far," said Kailash Chand Vaid, General Manager of Kolkata
State Finance Minister Thomas Issac in his budget presented on Friday decided to seek the support of the more than 2.5 million Non-Resident Keralites (NRK) for the construction of two highways at a cost of Rs 10,000 crore.
The project, which will be financed through a chitty scheme, includes a 1,267-km long hill highway expected to cost Rs 3,500 crore and a 630-km long coastal highway
Realty sector's outlook remains negative for the next fiscal with housing sales expected to be muted due to high prices and significant delays in completion of projects, according to India Ratings and Research. The negative cash flow would lead to further rise in the debt levels and weakening credit profile of the real estate sector, it added. "India Ratings and Research (Ind-Ra) has m
Non-banking financial company (NBFC) Altico Capital today said it has infused Rs 180 crore in Mumbai-based realty developer Sheth Corp. The money will be utilised predominantly for the construction of a residential project 'Project Zuri' in Thane.
The project has received a good response in its recent pre-launch sales which establishes the marketability of the product, Altico
The Government of India has approved over 4,000 PG medical seats in various medical colleges and hospitals for the academic session 2017-18, as per the government release. The Union Minister of Health and Family Welfare, J P Nadda said that, “an all-time record number of over 4,000 PG medical seats have been approved by Government of India in various medical colleges and hospitals for the
Labour Minister Bandaru Dattatreya today said he will soon discuss bringing back old General Provident Fund scheme with the Finance Minister as many employee organisations are unhappy with the new pension system, reported PTI. A delegation of central government employees today called on Labour Minister Bandaru Dattatreya and demanded restoration of the old GPF scheme, which was replaced with th
The Centre has approved over 4,000 Post Graduate seats in medical colleges and hospitals across the country for the academic session 2017-18, Union Health Minister J P Nadda said. Terming it an "all time record number", Nadda said with this addition, the total number of Post Graduate (PG) seats available in the country will go up to 35,117.
"This will further boost our