No renewal of insurance for vehicles without PUC: Supreme Court

In a bid to curb pollution, the Supreme Court today issued a slew of directions including that insurance companies will not renew insurance of a vehicle unless the owner provides pollution under control (PUC) certificate, reported PTI. A bench headed by Justice Madan B Lokur also asked the Ministry of Road Transport and Highways to ensure that all fuel refilling centres in the National Capital

India set to unveil new biofuel policy in bid to cut oil, gas, coal imports: minister

NEW DELHI - India will soon announce a new policy to promote biofuels as part of efforts by the world's third-largest emitter of greenhouse gases to cut imports of fossil fuels like oil, gas and coal, a government minister said on Thursday.

The government aims to develop a biofuel economy worth 1 trillion rupees ($15.6 billion) in the next two years, Oil Minister

Cos garner Rs 3,700 cr via NCDs in April-July FY`18

Three companies raised Rs 3,700 crore through retail issuance of non-convertible debentures (NCDs) in the April-July period of the ongoing fiscal to meet their business expansion plans. In comparison, five companies had collected Rs 2,400 crore through this route in the April-July period of 2016-17. The funds have been mobilised for business expansion, supporting working capital requirements an

Ministries want cut in biodiesel GST, biofuels policy

The Union Petroleum and Road Transport Ministries will ask for a reduction in GST on biodiesel from the current 18 per cent to 5 per cent and a note on a new policy on biofuels is to be placed for cabinet approval soon, it was announced on Thursday.

"Along with Petroleum Minister Dharmendra Pradhan, we will jointly request Finance Minister Arun Jaitley to reduce the 18 per c

NCERT portal for online books launched

Minister of State for Human Resource Development Upendra Kushwaha launched the NCERT web portal for the supply of textbooks to schools and individuals here in the national capital. Schools can order these books by entering their Board's affiliation number and other details till September 8 for the session 2018-19, a statement from the ministry said.

The web service would soon be l

Writing off Air India debt can be a wise move: Arvind Panagariya

Outgoing Niti Aayog Vice Chairman Arvind Panagariya has said that writing off some debt of Air India, so as to make it attractive to prospective investors, could be a wise move, said media reports. As per reports, following a suggestion by Niti Aayog, the government is attempting to privatise the state-owned carrier and a committee has been set up under Finance Minister Arun Jaitley to carry fo

Jio feature phone scheme a `short term` hiccup

The bundled three year Rs 1500 refundable feature phone offer by Jio will create only a 'short term' hiccup when launched, feel at least two mobile handset makers, reported PTI. "So far there is no impact on our sales. We think it will affect our market as a short term hiccup once the Jio feature phone is launched but it will not be anything severe," leading feature phone comp

Trai seeks view on data ownership, privacy to check misuse

Trai has floated a paper on developing a framework that can give people more control over their personal data and prevent chances of misuse by various sources amid lingering privacy concerns, reported PTI. "It is important to have a clear policy related to data ownership, data protection, privacy and security in the telecom space," Trai Chairman R S Sharma told PTI.

He said

Vinay Dube joins Jet as CEO

 Full-service passenger carrier Jet Airways on Wednesday announced the appointment of Vinay Dube as its CEO after the receipt of all requisite government and regulatory approvals.

The company's Board of Directors at their last meet held on May 30, 2017 had approved Dube's appointment. Dube's last assingment was with Delta Airlines as its Senior Vice President-Asi

Ensure all traders registered under GST, Modi tells collectors

Prime Minister Narendra Modi on Wednesday asked District Collectors across India to ensure that each trader is registered under the Goods and Services Tax (GST).

Addressing the officials through video-conferencing on the theme "New India - Manthan", he said that they should explain to traders in their districts how GST is a "Good and Simple Tax", an official r

Anti-dumping duty levied on 93 Chinese products: Minister

India has imposed anti-dumping duties on 93 products imported from China, Parliament was informed on Wednesday.

"Anti-dumping duty is in force on 93 products imported from China," Commerce Minister Nirmala Sitharaman told the Rajya Sabha in a written reply. 

These products include chemicals, machinery, steel and other metals, fibres, yarn, rubber, plastic, ele

Rajya Sabha adjourned for day amidst ruckus over currency notes

The Rajya Sabha was on Wednesday adjourned for the day after repeated disruptions in the post-lunch session over different sizes of currency notes of same denomination.

As soon as the House met at 2 p.m., Congress member and former Union Minister Kapil Sibal again raised the issue of Rs 500 currency notes of varies sizes. He had first raised the matter on Tuesday.

"I ha

Many organisations willing to pay more for 5G: Gartner

5G is still a few years away but several organisations worldwide have already showed willingness to embrace it, market research firm Gartner said on Wednesday.

Nearly 75 per cent end-user organisations would be willing to pay more for 5G mobile capabilities, of which 31 per cent are ready to pay up to 10 per cent higher price than existing 4G, 22 per cent willing to pay 10 to 20

Farm loan waiver should not become a policy: Bimal Jalan

Former Reserve Bank of India (RBI) Governor Bimal Jalan on Wednesday said farm loan waivers should be a 'need based' one-time decision and should not be turned into a policy.

"Farm loan waiver as a one-time effect is all right. But you can't make it a policy," Jalan said here on the sidelines of the 'Economics and Governance' event organised by think tank

Customers dissatisfied with telecos performance: Survey

As per a survey conducted by the sector regulator Trai across three circles -- Delhi, Madhya Pradesh and Karnataka, telecom operators failed to meet customer satisfaction benchmark, said media reports. As per the survey report, a majority of customers in these circles are dissatisfied by efforts of telecom operators to address the call drop issue and other major counts such as network signal, d

Passenger vehicle sales to grow 9-10% in FY`18: ICRA

Domestic passenger vehicle sales will grow by 9-10 per cent during the ongoing fiscal driven by factors like low penetration levels and increasing disposable income, rating agency ICRA said today. The sales are expected to grow in the range of 9-11 per cent at a compounded annual growth rate (CAGR) over the next five fiscals. "Industry's long-term prospects remain favourable given the

Government tweaks HPCL sale terms to avoid`open offer`

The government has tweaked the terms of sale of its 51.11 per cent stake in HPCL to ONGC by including phrases that will help avoid triggering an open offer, an official said. The Cabinet Committee on Economic Affairs (CCEA) had on July 19 granted 'in-principle' approval for strategic sale of the government's existing 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL) to Oil

GMR to develop greenfield International Airport at Mopa in Goa

The GMR Goa International Airport Limited, an SPV formed by the GMR Airports Limited has signed Concession Agreement with Government of Goa for development and operation of Greenfield International Airport at Mopa on 8th November 2016. The GMR Airports Limited has won the project through international competitive bidding process with highest revenue share of 36.99per cent, said an official stat

Nabard arm Nabsamruddhi to finance non-farm activities

Nabsamruddhi Finance, a subsidiary of the National Bank for Agriculture and Rural Development (Nabard), said that it will be expanding its operations to non-farm sectors. The company will provide credit to NBFCs, Mutually Aided Cooperative Thrift and Credit societies (MACTs), NGOs, FPOs, SHG federations for on-lending to eligible rural borrowers for taking up various non-farm activities.

Foreign buyers can buy more in Ramkrishna Forgings, Quess Corp

Foreign investors can now buy more shares in Ramkrishna Forgings and Quess Corp as boards of the companies have passed resolutions to hike such limit to 49 per cent and 74 per cent, respectively. The RBI today notified that FII and FPI limits under PIS in Quess Corp has increased from 24 per cent to 74 per cent of its paid-up capital. For Ramkrishna Forgings, the limit under portfolio investmen

Medical devices, pharma should be under new ministry: Minister

The Indian Government has said that the Department of Pharmaceuticals (DoP) feels that subjects and regulatory bodies related to pharmaceuticals and medical devices should preferably be under a new ministry. Commenting on the issue, Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya told the media, “The new ministry could be named Ministry of Pharmaceuticals and Medical D

Telecom sector stress:IMG to meet soon to finalise report

The inter-ministerial group constituted to suggest measures to ease financial stress in the telecom sector will meet next week to discuss and finalise its report, according to a senior DoT official, reported PTI. The high-level group will hold its next meeting on August 14 and August 16 to "discuss, finalise and sign" its report, said the official who did not wish to be named.

Diesel car sales fell to 27% in 2016-17: Government

Three-fourths of fuel cars sold in India in 2016-17 were of petrol whereas sales of diesel cars plummeted to 27 per cent, from 47 per cent in 2012-13, the government said as per the PTI report. According to data on fuel-wise sales percentage in domestic sales placed in Parliament today, the percentage of diesel cars sold in India has been consistently declining since 2012-13.

Society

4.22 lakh hectare of agricultural land affected by floods: Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee on Tuesday said as much as 4.22 lakh hectares of agricultural land was affected by the recent flood, which she once again called "man-made" due to excessive release of water by Damodar Valley Corporation (DVC).

"As much as 4.22 lakh hectares of agricultural land was affected and more than 1.06 lakh people have taken shelte

Trai questions 3rd party right over user-generated data

Telecom regulator Trai questioned the control of third-party entities such as app stores to "limit" mobile users' right over their own data in the name of data security and privacy, reported PTI. Trai Chairman R S Sharma said the question is who owns data like call logs and messages that a user receives on his/her mobile, and whether third-party entities can actually "extingu