Government to hold first B2B event to promote Indian textiles, handicrafts

 The rich legacy of India textiles and handicrafts is set to foray into the global market at an international trade event to be inaugurated by Prime Minister Narendra Modi in June that will showcase products from "Fibre to Fashion".

The Ministry of Textiles held a curtain raiser at the Crafts Museum here on Tuesday to 'Textiles India 2017' - the first global bus

Rs 10 lakh cr Bharatmala project to subsume NHDP: Reports

The Indian Government has said that its ambitious Rs 10 lakh crore umbrella programme for roads, Bharatmala, will subsume the National Highways Development Project (NHDP), implemented by the then Atal Bihari Vajpayee government in 1998.

As per reports, this may be one of the last mega projects of the BJP government before it seeks public mandate in 2019. As per reports, the first phas

Government builds record 8,231 km NHs during 2016-17: Reports

The Indian Government has said that a record 8,231 kilometres of national highways were built during 2016-17. Commenting on the issue, Union Road Transport Minister Nitin Gadkari told the media, “While a record 16,271 kilometres of national highways were awarded and 8,231 kilometres constructed during the last fiscal, work needs to be done at a much faster pace to award more projects and

Flexi-fare in trains to be admissible under the LTC allowance

The Indian Government has said that the dynamic or flexi-fare in Rajdhani and Shatabdi trains will be admissible under the Leave Travel Concession (LTC) allowance. As per reports, the Department of Personnel and Training (DoPT) has issued a directive in this regard to all central government ministries.

The move comes after references were received from various segments seeking clarifi

Railways to impart training on high speed rail tech: Reports

The Indian Railways has said that it has undertaken a massive exercise of imparting training to over 500 railwaymen on high- speed rail technology in China and Japan. As per reports, the Railways has firmed up plans for running trains at higher speed of 160 kmph in the busy trunk routes of Delhi-Howrah and Delhi-Mumbai section to reduce travel time between these metropoles.

Besides, t

Rajasthan signs MOU with HPCL for refinery

An MoU was signed on Tuesday between the Hindustan Petroelum Corporation Ltd (HPCL) and the Rajasthan government to establish a refinery-cum-petrochemical complex in Barmer.

This revised MoU was signed in the presence of Chief Minister Vasundhara Raje and Union Petroleum Minister Dharamendra Pradhan.

Earlier, a MoU was signed with HPCL to establish a refinery-cum-p

Record 8,231 kms of national highways constructed in 2016-17: Nitin Gadkari

Union Road Transport Minister Nitin Gadkari on Tuesday said a record 8,231 kilometres of national highways were built during 2016-17.

He also ordered fast-tracking of awarding and construction of national highway projects to further expedite them.

Gadkari's directions came as he reviewed various projects of National Highway Authority of India (NHAI) here.

Sebi may allow investors to buy mutual fund via digital wallet

Markets regulator Sebi is looking to allow investors to buy mutual funds worth up to Rs 50,000 through digital wallets to make it easier for investors to purchase these instruments, especially by young generation, reported PTI.

The move would help in speedy and easy transactions, while reducing failures due to payment gateway issues. Besides, the Securities and Exchange Board of India

DoT sets limit for mobile content payment by a/c balance, bill

Mobile subscribers cannot pay more than Rs 20,000 in one tranche to buy a service or download content by using their pre-paid account balance or through post-paid bills, the Department of Telecom said as per the PTI report.

"The subscribers can download all paid digital contents through their mobile phones and the payments for such contents can be made using their mobile pre-paid

Sebi launches revamped website with user-friendly features

Expanding its digital presence, markets regulator Sebi today launched its revamped website having several user-friendly features and compatible with all desktop and mobile devices. The revamped website will ensure a better user experience across various devices, including desktop and mobile, Securities and Exchange Board of India (Sebi) said in a statement. The website now also allows visitors

RBI opens new ombudsman office at Jammu

The Reserve bank of India has opened a new office at Jammu to look into the grievances of residents and entities in Jammu and Kashmir. “Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, New Delhi-I, the Reserve Bank has set up an Office of the Banking Ombudsman for the Sta

Government allays concerns over mobile tower radiation

Telecom Minister Manoj Sinha sought to allay concerns over radiation emitted from mobile towers, saying studies so far have not revealed any health hazards, reported PTI. The comments come in the wake of a Supreme Court order directing the deactivation of a BSNL tower in Gwalior on the plea of a 42-year-old cancer patient.

"This is not the final order and it needs to be seen in t

Michelin brings Scorcher tyre range for Harley bikes to India

Tyre major Michelin launched its co-branded Scorcher tyre range for Harley Davidson bikes in the Indian replacement market, reported PTI. The six Scorcher range tyres would be sold across the country through all Michelin authorised dealers in addition to the Harley Davidson network in India, Michelin said in a statement.

The Michelin Scorcher 11 and the Michelin Scorcher 31 are fitted

E-tailers not making much progress in India: Adi Godrej

E-tailers and modern retail have not made much progress in India, says veteran industrialist Adi B Godrej, who finds 'Kirana' merchants to be efficient, particularly in the fast moving consumer goods (FMCG) space, reported PTI. "They (e-tailers in India) are not making much progress, even modern retail in India is not making much progress," the Chairman of the Godrej Group tol

Waiver scheme may raise Indian tractor loan delinquencies, says Fitch Ratings

Delinquencies on tractor loans could rise in several Indian states as a result of political pressure for farmers to be granted waivers on agricultural loans, says Fitch Ratings. According to the rating agency, the media reports that farmers' loans may be waived are likely to create moral hazard and credit discipline issues, given that there will be an incentive for farmers to skip loan repa

Railways announces measures to facilitate travel for summer season

In an endeavor to provide smooth travel experience to the railway travelers, Indian Railways have taken various initiatives for improved passenger experience, such as finalization of first reservation chart at least 4 hours before the scheduled departure of the train, while waitlisted passengers given the option of accommodation in any other train without payment of any difference of fare or gr

Modi launches SAUNI Yojana projects at Botad

The Prime Minister Narendra Modi has dedicated phase-1 (Link 2) of the SAUNI (Saurashtra Narmada Avtaran Irrigation) Yojana at Botad to the nation, as per the government release. The release from the Prime Minister's Office further stated that, PM Modi also laid the foundation stone of phase 2 (Link 2) of the SAUNI Yojana.

Earlier, Prime Minister welcomed Narmada water into the Kr

Rays Power commissions 78 MW solar project in Uttarakhand

Solar solutions provider Rays Power Infra said that it has commissioned 78 MW of solar PV project in Uttarakhand. The 78 MW project comes under Uttarakhand Renewable Energy Development Agency's (UREDA) competitive bidding for 2015-16 and will supply energy to the industrial areas of Bhagwanpur and Roorkee, the company said in a statement.

Commenting on the development, Rays Power

Delhi Metro and MPPMC sign agreement for Rewa solar power

Delhi Metro Railways Corporation (DMRC) and Madhya Pradesh Power Management Company (MPPMC) signed power purchase agreement with Rewa Ultra Mega Solar Limited, the implementing agency for the ‘world’s largest single¬site solar power project’, the Rewa Ultra Mega Solar Power Project (UMSPP, 750MW) in Bhopal on Monday.

Dignitaries present on the occasion were Union

FDA remains key issue for investors in healthcare

The US Food and Drug Administration (FDA) remains the key issue for investors in the pharmaceuticals and healthcare sector, according to a report released on Tuesday by global investment banking firm Jefferies.

The investment firm's officials met investors in Asia to discuss healthcare sector - pharma and services.

"The FDA remains the key issue for investors. FDA i

Agriculture can be very profitable, says new book

Contrary to popular opinion, agriculture can be a hugely profitable venture provided one has the right knowledge, says an agriculturist from Kerala.

"Agriculture can be transformed into a new generation agri-business by making available in the market, uncontaminated fruits and vegetables free of hazardous chemical insecticides and pesticides," says C. Hariharan in "Make

RBI inaugurates new ombudsman office at Raipur

The Reserve Bank has opened a new office at Raipur to look into the grievances of residents and entities in Chhattisgarh, while relieving the Bhopal office of the job of the state's banking ombudsman. The Bhopal office so far had the jurisdiction for both Madhya Pradesh and Chhattisgarh.

"Considering...Large jurisdiction being covered by the current Office of the Banking Ombu

Carriers should be permitted the overbooking practice: IATA

Global airlines body IATA has said that carriers should be permitted to continue with the overbooking practice as seats in a flight are a time sensitive and perishable product. The International Air Transport Association's (IATA) also said that the practice of overbooking flights was an important tool for managing inventory.

Commenting on the issue, an IATA Official told the media

TRAI to clear out obsolete regulations soon: Reports

Telecom regulator, TRAI has said that it has constituted three subgroups in areas like licencing, tariff and service quality, to identify and clear out obsolete regulations and order. Commenting on the issue, a senior TRAI official told the media, “The entire exercise is likely to be completed in next 2-3 months. The three advisors of TRAI -- Sanjeev Banzal (Networks, Spectrum and Licensi

Government awarded 49 port projects in previous fiscal: Reports

The Indian Government has said that it has awarded 49 port projects with an investment of Rs 8,341 crore in the previous fiscal, which will result in capacity addition of 104 MT. As per reports, this was against a target of 102 million tonnes per annum (MTPA) capacity augmentation.

Commenting on the issue, Shipping, Road Transport and Highways Minister Nitin Gadkari told the media, &q