India-Japan to develop training centre for bullet train: Finance Minister

The finance ministry has said that it has signed an agreement with Japan to set up a training institute for Ahmedabad-Mumbai bullet train project along with others pacts, envisaging a total loan commitment of about Rs 6,000 crore. Commenting on the issue, a Government Official told the media, “The training institute will help develop the human resources equipped with high level knowledge

Can't ignore challenges of AI, automation: Dharmendra Pradhan

India cannot afford to ignore the challenges of new technologies like artificial intelligence (AI) and automation, and miss out on Industrial Revolution 4.0, Skill Development Minister Dharmendra Pradhan said on Friday.

"We had lost out on the opportunities created by the Industrial Revolution because of colonialism, as Prime Minister Narendra Modi has pointed out... and that we

CCI slaps 11.81 cr penalty on 10 coal transportation companies

The Competition Commission of India on Thursday slapped more than Rs 11.81 crore penalty on 10 coal and sand transportation companies for contravening the Competition Law.

"The parties have been directed to cease and desist from indulging in anti-competitive conduct. A total penalty of over Rs 11,81 crore imposed on the 10 parties. Penalty was also imposed on the eight officials

Banks` bad loans to reach 10.5% by March 2018: Crisil

The banks bad loans or non-performing assets (NPAs) will reach 10.5 per cent of the total advances by March 2018, an increase from 9.5 per cent on March this year, domestic rating agency Crisil said in a report on Thursday.

About two-thirds of the overall stressed assets in the banking system has already been recognised by banks as NPAs as on March 31, 2017.

"Fresh NPA

IoT to create 15 mn jobs in India: Telecom Secretary

The Internet of Things (IoT), which enables everyday objects to be inter-connected through the Internet, will help in the creation of 10-15 million jobs in India within the next few years, a senior bureaucrat said on Thursday.

"One of the reasons that IoT is particularly exciting for India is due to the job creation. It is estimated that about 10-15 million jobs will be created t

India, Japan push for free Indo-Pacific region

Breaking the ground for the ambitious Rs 1 lakh crore Bullet Train with major Japanese aid, India and Japan on Thursday elevated their bilateral ties to new levels and called for a free and open Indo-Pacific region where sovereignty and international laws are respected, in an apparent message to China which has disputes with most neighbours in the South China region.

A day after stagi

Coal consumers to benefit with introduction of GST: Official

A Government Official has said that coal consumers are expected to be benefitted by Rs 6,000 crore annual savings with reduction in tax rates after the implementation of the Goods and Services Tax (GST). Commenting on the issue, a Coal India official told the media, "We have estimated that on an average the reduction in rate on local sales is about five per cent and on the inter-state sale

NHSRC to set up Rs 600-cr centre for bullet train project

A senior official of the National High Speed Rail Corporation (NHSRC) has said that Rs 600-crore high-speed rail training centre for the first bullet train project will be set up in Vadodara. Commenting on the issue, NHSRC Managing Director Achal Khare told the media, "This centre will come up on the five hectares of land inside the National Academy of Indian Railways (NAIR) here."

New railway philosophy lifeline to new India: Prime Minister

Following the ground-breaking ceremony of the Ahmedabad-Mumbai high-speed rail project, Prime Minister Narendra Modi on Thursday said that the "new railway philosophy" will be the lifeline to a new India.

"This is not just the start of a high speed rail," Modi said in a joint address to the media with Japanese Prime Minister Shinzo Abe after the 12th annual bilater

Shell cos clampdown: Sebi for forensic audit of firms

Markets regulator Sebi has ordered forensic audit of three firms -- Trinity Tradelink, Info-Drive Software and Edynamics Solutions -- which figure among 331 suspected shell companies that are under its scanner, reported PTI. These are in addition to Sebi ordering forensic of four other such firms -- IRIS Mediaworks, Hit Kit Global Solutions, Kavit Industries and GV Films.

In three sep

More investment in SAIL only on current project closure: Secy

The Indian Government has said that there will be fresh investment in SAIL and RINL only on their completion of existing projects and earning returns from investment. Commenting Steel Secretary Aruna Sharma told the media, "For the coming three years, they (SAIL, RINL) must complete their incomplete projects and start getting return on their investment. (It's) a must. There cannot be a

Road sector revived by Government`s policy initiatives: ICRA

Credit rating agency ICRA has said that Government's focus on developing roads with policy initiatives like awarding projects after securing 80 per cent right of way, has revived the sector and execution pace. As per the rating agency, effective policy measures over the last 36 months have revived the Indian road sector.

The roads sector has been stained by execution delays, proje

Railways to run special train between Sirsa-Nokha

The North Western Railway will run a special train between Haryana's Sirsa and Rajasthan's Nokha on September 18 for the pilgrims visiting Guru Jambheshwar Maharaj MukamDham fair in the desert state, an official said. Mukam Dham is the worship place for Bishnoi community.

Ajay Gautam, traffic incharge of the railway, said the Sirsa-Nokha-Sirsa special train number 04782 will d

Government taking steps to check spot power rates: Secretary

The government is taking steps to check spot prices of power that zoomed to over Rs 9 per unit yesterday following shortage of supply from hydro-power, wind and nuclear plants, a top government official said today. Power Secretary A K Bhalla exuded confidence that spot power prices will fall to Rs 5 per unit today after measures, such as increasing coal supply to thermal power plants by 17 per

A strong India in Japan's interest, says Abe at bullet train foundation event

The fast-growing India-Japan ties got a major fillip as Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday laid the foundation stone here for India's first bullet train project based on Japan's Shinkansen super speed train technology.

The ambitious Rs 1.08 lakh crore ($17 billion) 508-km Ahmedabad-Mumbai line adds to the growing list of ma

Monetisation of 75 projects via TOT to fetch Rs 35,600-cr

The government's decision to monetise 75 road project through toll-operate-transfer (TOT) route is expected to fetch around Rs 35,600 crore, said ICRA as per the PTI report. In August last year, the Cabinet Committee on Economic Affairs (CCEA) authorised the NHAI to monetise public-funded national highway projects which are operational and are generating toll revenues for at least two years

Logistics sector heads towards evolutionary phase: ICRA

Currently at crossroads, India's logistics sector is heading towards an evolutionary phase with implementation of Goods & Services Tax (GST) and the government's focus on transportation mix, a report today said as per the PTI. "The domestic logistics sector is currently at the crossroads. From the implementation of the GST to the government's focus on improving India's

India well on path to produce 50-cr mobile phones by 2020

'Made in India' phones have seen significant growth, with the number of such devices poised to touch the 50 crore mark by 2019-20, an official said as per the PTI report. "In 2014, we produced 6 crore mobile phones. In 2016-17, we produced 17.5 crore mobile phones and we are well on path to producing 50 crore mobile phones by 2019-20," IT Ministry Additional Secretary Ajay Kum

Telecom subscriber base dips marginally to 121 cr

India's telecom subscriber base dipped marginally by 1.3 lakh to 121.07 crore in July, as per data published by regulator Trai, reported PTI. Only three operators -- Reliance Jio, Bharti Airtel and state-run BSNL -- reported subscriber additions in the month, while eight other operators including Idea Cellular and Vodafone, saw a decline.

"The number of telephone subscribers

Railways allows m-Aadhaar as identity proof for travel

The Railway Ministry on Wednesday announced that it has decided to permit m-Aadhar (Aadhaar card on mobile app) as one of the prescribed proofs of identity for travel purpose in any reserved class.

"m-Aadhar when shown by the passenger on his/her mobile after entering the password should be accepted as proof of identity for undertaking journey in any reserved class over Indian Ra

Telephone subscribers number shrinks marginally in July

 The number of telephone subscribers in India declined slightly from 1,210.84 million at the end of June 2017 to 1,210.71 million at the end of July, thereby showing a monthly marginal degrowth rate of 0.01 per cent, official data showed here on Wednesday.

The urban subscription increased from 700.96 million at the end of June to 702.97 million at the end of July, however the rur

Mutual Funds log Rs 62,000-cr inflows in August

Investors have pumped in close to Rs 62,000 crore into various mutual fund (MF) schemes in August, driven by equity and money market funds, reported PTI. With this, total net inflow in MF schemes has risen to Rs 2.2 lakh crore in the first five months (April-August) of the ongoing fiscal, as per the latest data available with Association of Mutual Funds in India (Amfi). "The Indian mutual

Enterprises shifting to Cloud faster than expected: Gartner

In a fast moving trend, 36 per cent of enterprises will by 2020 use the Cloud to support more than half of their transactional systems of record, market research firm Gartner said on Wednesday.

Organisations of all sizes are moving to Cloud solutions such as core financial applications and for transactional systems of record.

According to the report, smaller and midsize orga

Plan to make Goa Asia`s top start-up spot: Minister

A new start-up policy approved by the state cabinet on Wednesday envisions Goa as Asia's top start-up destination by 2025, Information Technology Minister Rohan Khaunte said on Wednesday.

Speaking to reporters at the state Secretariat, Khaunte said that the objective of the scheme was to create job givers and not job seekers and stop the brain drain, especially in technology.

Goa Cabinet approves new convention centre for IFFI

Chief Minister Manohar Parrikar announced on Wednesday that the 50th edition of the International Film Festival of India (IFFI) will be held in a new convention centre with 10 screening halls.

Parrikar told reporters that the state cabinet on Wednesday had approved the construction of the proposed convention centre on a public-private partnership (PPP) basis.

"We would